There are three sectors in the US "market": private/corporate sector with the incentive of making money; nonprofit sector which fills the void between the private and public sectors; and, the public sector which does what the public asks, more or less, via taxes.
January 8th's New York Times described the situation where public hospital Grady Memorial is failing in its health. It just does not have a sustainable funding model.
What should a public institution do when it has too many poor people knocking at its door?
This is the real question for Grady: what to do when the market model fails. And for the rest of us: will we give our money privately -- will corporations step in to help serve those where there is no market incentive?
Is "charity" the only answer?
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Friday, January 11
by
mikeb
on Fri 11 Jan 2008 07:00 AM EST
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Thanks Readers!! The number of folks reading this blog has grown steadily. Unfortunetly, this blog host is not able to handle the traffic and I have moved my blog. Please check out (and bookmark) my new location http://www.nonprofitboardcrisis.typepad.com Thanks for helping to make this a success!! My mission: to change the world one nonprofit at a time. I fix broken nonprofits with a focus on resolving nonprofit board/exec relationships. I also help nonprofit boards and staff figure out where they want their organization to be in the future and focus on the four columns of a nonprofit: program, management and operations, governance and sustainability. If you would like to know more about me and my firm, please visit my web site: www.brodyweiserburns.com - Mike Burns
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Thanks Readers!! The number of folks reading this blog has grown steadily. Unfortunetly, this blog host is not able to handle the traffic and I have moved my blog.