Thursday, October 12, 2006

Article - Money - Are foundations on solid ground?

Article - Money - Are foundations on solid ground?: "Are foundations on solid ground?
Nonprofit hospital groups raise hundreds of millions for health care in Orange County. But some in the field wonder how efficient they really are.
By TERI SFORZA
The Orange County Register

Dick Van Dyke danced with hat and cane to help Children's Hospital of Orange County. Nancy Reagan and Ted Kennedy Jr. shared wit and wisdom at brunches for Hoag Memorial Hospital Presbyterian. Olympian Florence Griffith Joyner inspired a half-marathon for Saddleback Memorial Medical Center.

During a three-year period, generous Orange County residents opened their wallets and poured $163 million into the charitable foundations that support its nonprofit hospitals – hospitals some regard as literal lifelines."

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