June 10, 2004 | Read Time: 1 minute
Health Conversion Foundations, by Margaret Garigan, is a working paper that describes grant-making organizations formed from the conversion of nonprofit health-care groups to for-profit companies. Ms. Garigan, director of corporate and foundation relations at Georgetown University Law Center, in Washington, says these conversion foundations represent “the largest redeployment of charitable assets in history.” She also describes some concerns about such foundations, including that often the estimated value of the organizations is too low and that some foundation boards lack grant-making experience. To ensure that conversion foundations are regulated properly, the author asserts that greater government oversight and increased public scrutiny is needed.
Publisher: Georgetown University, Center for Public & Nonprofit Leadership, 3240 Prospect Street, N.W., Washington, D.C. 20007; (202) 687-0500; fax (202) 687-0580; cpnl@georgetown.edu; http://cpnl.georgetown.edu; 34 pages; available free on the center’s Web site.
