June 10, 2004
Overview of Health-Conversion Foundations
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
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