June 26, 2003 | Read Time: 1 minute
A Profile of New Health Foundations, May 2003 provides a snapshot of the characteristics and grant-making priorities of 165 health foundations formed when nonprofit organizations became for-profit companies. State laws typically require such converting organizations to preserve the charitable assets they accumulated as a result of their nonprofit status, often by endowing a new foundation. According to Grantmakers in Health, an organization in Washington that represents foundations and corporate-giving programs that support health causes, these foundations have combined assets of more than $16.4-billion, up from $15.3-billion in 2002. The booklet lists the assets, year of conversion, tax-exempt status, grant-making areas, location, and Web site of each of the organizations surveyed.
Publisher: Grantmakers in Health, 1100 Connecticut Avenue, N.W., Suite 1200, Washington, D.C. 20036; (202) 452-8331; fax (202) 452-8340; http://www.gih.org; 26 pages; $30 by mail, or free for download on the organization’s Web page.
