Integrating a grant-seeking program into health care philanthropy.
Like any sound business or investment strategy, diversification among different revenue sources should be part of a well-rounded health care philanthropy strategy. Individual giving has historically comprised the bulk of charitable contributions to nonprofit organizations, and that trend likely will continue. Not to be neglected, however, is charitable giving by corporations and private foundations. Combined, business and foundation contributions in 2006 accounted for more than $49 billion, or almost 17 percent of total giving to charitable organizations, according to the Giving USA 2007 report.
Rex Hospital Foundation in Raleigh, NC, USA.
Lawrence
L
Trachtman
D004469:Economics, Hospital / Q000458:organization & administration*; D005381:Financing, Organized; D005653:Fund Raising / Q000458:organization & administration*; D009657:North Carolina; D019982:Organizational Case Studies; D009936:Organizational Innovation