In this quarterly series of letters, Perspectives, we’ve examined several issues and trends that impact the future of health care. But one of the great untold stories we have yet to discuss is the difference philanthropy makes.
While there is endless debate over the government’s role in health care, one thing you don’t hear much about is the role of philanthropy. Yet behind the scenes, private individuals throughout the country are doing their part to strengthen the health-care safety net by making charitable donations to community hospitals and health-related causes. It’s a spirit of generosity that is quietly transforming – and helping to save – nonprofit health care in the United States.
Philanthropy critical to nonprofit mission of hospitals
There was a time when hospitals considered philanthropy “nice to have.” But today, charitable gifts are critical to the mission of every nonprofit health institution. E...