Updated roles and responsibilities can maximize the financial potential of philanthropy
Trustee talking points
- Philanthropy is growing in importance as health care transforms toward new models. As it does, health care organizations need to re-examine the role of their foundation board.
- Health care foundations have a singular purpose: raising money for their supported health care organization.
- To do this, foundation board members need to be keyed in to their organization’s strategy and willing to engage in the work of development.
- To bolster development efforts, board members should back a targeted use of charitable funds, create an environment to support high performance and connect others in the community to the organization.
Accordant Philanthropy’s thought leadership will be featured in the January 2017 issue of Trustee Magazine. The pullout Trustee Workbook will address the role of the health care foundation board. Trustee is a publication of the American Hospital Association. For more on their work, please see www.TrusteeMag.com.
An article on Philanthropy as a Change Agent was featured in the July/August 2015 issue of Healthcare Executive Magazine. The article featured best practice insights from Accordant Philanthropy President Betsy Taylor along with a case study from CEO Andrew Mitchell and CDO Demetrios Kadenas from Petonic Bay Medical Center. To access the article, Click Here.