According to Gary Young, an author of the article and a pro­fessor at North­eastern Uni­ver­sity, “Non­profit hos­pi­tals may have been founded on the basis of com­mu­nity need, but that doesn’t mean they’re not very prof­itable. Towns are hurting, and they see this affluent insti­tu­tion in their midst on lots of land and say, ‘Hey, cough up some money.’ ”

 

Read the article at The Chronicle of Philanthropy →