Nonprofit health corporations are unique. While they are created to meet the health needs of a particular community, they are also organized to fulfill broad public purposes. Thus, nonprofits and their boards have obligations to the public and must be responsive and accountable to the people they serve. To reward nonprofit corporations for their public commitment, society provides special treatment and recognition to them, such as government subsidies or the ability to accept tax-deductible donations. After years of research, and active litigation to preserve nonprofit assets for the public purposes for which they were originally granted special status, Consumers Union has become one of the preeminent expert sources of data and advice for communities when a nonprofit hospital or insurance company announces its intention to merge, convert or otherwise become subsumed in a for profit company.
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Non-profit conversion News & Events
July 22, 2010
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