Looking ahead, the commodification and degradation of the Internet is continuing to take away digital resources that we have come to depend upon over the last 20 years. Whether it’s email or Amazon or YouTube, the decline of all our favorites has been well documented.

But we don’t want to live without these sites and services. Tildes itself is an attempt to preserve one such resource but in a better and more stable way. What other parts of the Internet deserve similar treatment?

Whether it’s open source eBay or community banking or nonprofit versions of Facebook… what would you choose and how would you go about preserving its character and making it workable in the long-term?

Every nonprofit organization I have ever worked with does some form of publicity/public relations to support their mission. Many have speakers bureaus of volunteers who give talks about what the organization is doing. Many work to get articles written about their mission and efforts.

I think more could be done to remind people and inform people of a few things about nonprofit and small scale internet sites. For example that the early internet was centered around universities not corporations and marketing, that news organizations such as NPR and the BBC provide a valuable counter perspective to corporate news organizations, that nonprofit sites including Lemmy and Kbin and Mastadon and Tildes exist, to remind people that you can add forum or blog to a search to find small scale content and more. The point would be to make the case publicly that nonprofit and small scale internet sites 1. are still possible and viable, 2. already exist (insert several examples) 3. and and should form part of a strategy to resist corporate monopolies/dominance and create more diverse conversations and communities online.

What are your thoughts? I'm curious about timing, (will there be a better future time?) about possible methods and strategies and about whether this is something some members here want to think about.

https://kffhealthnews.org/news/article/nonprofit-hospitals-tax-breaks-community-benefit/

POTTSTOWN, Pa. — The public school system here had to scramble in 2018 when the local hospital, newly purchased, was converted to a tax-exempt nonprofit entity.

The takeover by Tower Health meant the 219-bed Pottstown Hospital no longer had to pay federal and state taxes. It also no longer had to pay local property taxes, taking away more than $900,000 a year from the already underfunded Pottstown School District, school officials said.

The district, about an hour’s drive from Philadelphia, had no choice but to trim expenses. It cut teacher aide positions and eliminated middle school foreign language classes.

“We have less curriculum, less coaches, less transportation,” said Superintendent Stephen Rodriguez.

The school system appealed Pottstown Hospital’s new nonprofit status, and earlier this year a state court struck down the facility’s property tax break. It cited the “eye-popping” compensation for multiple Tower Health executives as contrary to how Pennsylvania law defines a charity.

The court decision, which Tower Health is appealing, stunned the nonprofit hospital industry, which includes roughly 3,000 nongovernment tax-exempt hospitals nationwide.

“The ruling sent a warning shot to all nonprofit hospitals, highlighting that their state and local tax exemptions, which are often greater than their federal income tax exemptions, can be challenged by state and local courts,” said Ge Bai, a health policy expert at Johns Hopkins University.

The Pottstown case reflects the growing scrutiny of how much the nation’s nonprofit hospitals spend — and on what — to justify billions in state and federal tax breaks. In exchange for these savings, hospitals are supposed to provide community benefits, like care for those who can’t afford it and free health screenings.

More than a dozen states have considered or passed legislation to better define charity care, to increase transparency about the benefits hospitals provide, or, in some cases, to set minimum financial thresholds for charitable help to their communities.

The growing interest in how tax-exempt hospitals operate — from lawmakers, the public, and the media — has coincided with a stubborn increase in consumers’ medical debt. KFF Health News reported last year that more than 100 million Americans are saddled with medical bills they can’t pay, and has documented aggressive bill-collection practices by hospitals, many of them nonprofits.

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Hi Friends,

I'm in the (very) early stages of creating a financial endowment fund for a small non-profit community organization I help out with. I feel they're a good fit for such an investment vehicle: their current revenue stream fluctuates a bit and many of their events rely heavily on attendance fees for funding, which is unrealistic when they attempt to cater to lower-income demographics. However, they have a relatively wealthy patronage that tends to remain involved for years or decades, and I believe they have the institutional stability to operate more complex financial instruments.

I pitched the idea of an endowment at a high level to the Chairwoman last week, and the Board is interested in moving forward. We haven't decided how exactly we want to structure the endowment yet: restricted endowment, quasi-endowment, etc. We also haven't determined exactly how much money we should fundraise for a principal investment, what our portfolio spread should look like, and how much of the annual interest we can afford to spend. (I have estimates, but they're not final.) I'm particularly interested in resources that can help the institution plan for inevitable economic downturns.

Has anyone here done this kind of work before? If so, would you be willing to chat about some of the nuances of organizing it, and/or do you have recommendations on reading material to help with the creation and maintenance of such a fund? We plan to receive consultations from an accountant and a lawyer, but I don't have much formal background in finance and would welcome any experience, advice, warnings, or external resources Tildesians can offer.

Thanks,
Atvelonis