Charitable Giving and Hospital Governance: Implications of a Merger or Acquisition, Aligning Healthcare Systems With Donor Requirements
Recording of a 90-minute CLE video webinar with Q&A
This CLE will guide healthcare counsel on the implications of a merger or acquisition using donations. The panel will discuss how hospitals and health systems can leverage the cy pres doctrine to ensure the obligations are met and offer best practices to align hospitals and healthcare systems with donor requirements.
Outline
- Charitable donations and the implications of mergers, acquisitions, or changes in circumstances
- Hospital governance
- Cy pres doctrine
- Best practices for meeting donation requirements
Benefits
The panel will review these and other key issues:
- What impact can a merger or acquisition have on a hospital's charitable funds?
- What happens if the intended purpose of the gift becomes obsolete?
- How can a hospital or health system leverage the cy pres doctrine to ensure compliance with the intent of the donor's wishes?
- What steps should healthcare counsel take to ensure compliance with the obligations of endowments and other charitable donations?
Faculty
Jeffrey L. Carmichael
Attorney
Hall, Render, Killian, Heath & Lyman
Mr. Carmichael concentrates his practice primarily in the areas of tax, tax exemption and corporate and business... | Read More
Mr. Carmichael concentrates his practice primarily in the areas of tax, tax exemption and corporate and business services. In particular, he advises organizations that are exempt from federal and state income taxes, including hospitals, health systems, hospital foundations and other similar organizations - on such issues as applying for tax exemption, avoiding improper benefits to private parties, answering unrelated business income tax questions and otherwise complying with the ever-evolving requirements for maintaining tax-exempt status. Mr. Carmichael frequently speaks about issues such as these for clients and at other business gatherings, and he complements his professional activities by teaching classes on nonprofit organizations at area law schools. Mr. Carmichael also assists tax-exempt and for-profit organizations with general business and corporate matters, including business transactions, tax planning and governance issues.
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Jason J. Kohout
Partner
Foley & Lardner
Mr. Kohout is chair of the firm’s Family Offices Team and assists families and business owners in areas of tax... | Read More
Mr. Kohout is chair of the firm’s Family Offices Team and assists families and business owners in areas of tax planning, business succession, and philanthropy. In addition, he works extensively with nonprofit organizations in the areas of governance, fundraising and tax exemption matters. Mr. Kohout’s broad experience, in conjunction with his in-depth knowledge of tax, corporate and trust law, allows him to provide creative and practical solutions for his clients, especially for clients that own businesses or have philanthropic interests or nonprofit organizations focused on governance or fundraising.
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