Nonprofit Sector

Quixote Foundation Decides to "Spend Up"

April 7, 2010

Seattle-based Quixote Foundation recently announced its intention to "spend up" its endowment over the next seven years.
Founded by the late Arthur Stuart Hanisch and named in honor of the idealistic Knight of La Mancha, Quixote funds progressive organizations in four areas of interest: environmental equity, U.S. reproductive rights, U.S. election integrity, and U.S. media reform.

Private Equity and Nonprofit Hospitals

March 29, 2010

You knew it wouldn’t take long for the Gordon Gekkos of the world to figure out how to make some new big money out of healthcare reform. The Wall Street Journal’s “Deal Journal” (on deals and deal-makers) may have spotted one new avenue: the purchase of nonprofit hospitals by for-profit private equity investment firms. And that may spell a radical change for the concept of nonprofit hospitals.

The Widow Mary Gargar Meets the Global Positioning System

March 4, 2010

Sitting on a ramshackle assortment of wooden benches under the shade of a mango tree, we listen to the story of the widow Mary Gargar. An elderly and weathered Liberian woman with a look of determination just short of defiance, Mrs. Gargar tells us of how she purchased land from a man falsely representing himself as its rightful owner. Now that the war is over, a reverend who the government confirms is the rightful owner has returned and wants to build. While she holds a deed for the land in her name, and depends on its crops for survival, he too needs the land for his livelihood.

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