New York City Receives $7.5 Million to Increase Adoptions

Philanthropy News Digest | August 24, 2017

The Dave Thomas Foundation for Adoption in Columbus, Ohio, has awarded a $7.5 million grant to New York City's Administration for Children's Services in support of the agency's efforts to place older foster children and those with special needs in permanent homes, the Wall Street Journal reports.

Spotlight

Managing a nonprofit organization has its own unique challenges. Aside from the extra layers of compliance and accountability, non-profits don't have customers or sell products or services in the strictest sense. Rather, they do have donors and voluntary projects which require careful administration, along with hard tasks of accounts and asset valuations.

Spotlight

Managing a nonprofit organization has its own unique challenges. Aside from the extra layers of compliance and accountability, non-profits don't have customers or sell products or services in the strictest sense. Rather, they do have donors and voluntary projects which require careful administration, along with hard tasks of accounts and asset valuations.

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NONPROFIT TECHNOLOGY

MeetForImpact has raised over $3 million dollars for over 120 charities

Meet For Impact | May 24, 2022

The Meet For Impact platform is set to raise funds in its next seed round to expand into new international markets. The online social fundraising auctions platform opens offices in the USA, the UK, the UAE, and Kazakhstan. Launched in 2016 as Meet for Charity, the platform quickly became one of the most well-known tech impact projects in Eastern Europe and has already crowdfunded over $3 million dollars for over 120 charities. Structured as a LLC, the initiative stands out in the philanthropic landscape because of its fully self-sustainable nature, which also heightens its appeal for venture capital. To mark a broader focus and align with the new goals of the platform, it was rebranded as Meet for Impact. We have closely monitored the growth of Meet for Impact and feel that it has huge potential to transform the way donations are being made worldwide." Alex Menn, Partner at Begin Capital "Meet for Impact platform is perhaps the best demonstration of the fact that impact-focused philanthropic startups can be relevant for the venture capital space."- Roman Gold, Managing Partner at Venture Israel. Meet for Impact offers a completely novel technological approach to fundraising and philanthropy. Daily, the platform auctions off meetings with prominent business owners, media personalities, cultural opinion leaders, politicians, and top athletes, as well as unique experiences. "So far, our charity network has comprised over 120 charity foundations with over 3000 meetings auctioned off. Now we want to extend our expertise into other markets. In the context of thousands of people in need, we see it as our duty and mission to help as many people and causes as possible with our crowdfunding model. Our goal is to make contributing to worthy causes a seamless and enjoyable part of everyday life and foster enthusiasm for giving, which we believe is key," - Olga Fler, international philanthropist and founder of the project comments on the expansion plans. The unique nature of Meet For Impact lies both in the smart use of tech and in turning donating to charity into an experience for all the parties involved. Each auction runs for 7 days and supports a specific charity. People bid for the lot and the highest bidder at the end of the online auction wins the meeting with the guest of the auction - the lot. After they've made the payment for the lot, the platform keeps a small transaction fee to reinvest into marketing and product development. Meet For Impact is a win-win solution bringing value to everyone involved - the charity, the auction guest and the winning bidder. With Meet For Impact, you don't just donate; you take part in and benefit from inspiring interactions with outstanding people. Meet for Impact lives by the motto "every meeting matters" and can help change more than just one life. With this in mind, the goal of the global expansion is to systematically develop philanthropy all over the world by bringing the innovative tools and creative solutions that take charitable giving to a new level and make it a seamless part of everyone's daily routine to other countries.

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NONPROFIT MANAGEMENT

Global Benefits Group Announces Management Succession Plan

Global Benefits Group (GBG) | August 03, 2022

Global Benefits Group (GBG) announced today that Sheldon Kenton will join GBG as Group Chief Executive Officer, effective August 1, 2022. Mr. Kenton has had a 25-year career in the global health and insurance segment and was most recently the President & CEO of GeoBlue, the joint venture in the United States between BUPA and the Blue Cross/Blue Shield Organization. At the same time, he also served as Managing Director of Bupa Global. Prior to joining Bupa in 2016 he had a long career at Cigna Global spanning roles responsible for its business in Europe, the Middle East and Asia as well as Chief Commercial Officer for Cigna Global North America with functional global responsibility for sales. "I am delighted to have the opportunity to lead such a great company as GBG and look forward to taking advantage of the tremendous opportunities in our markets as the world emerges from such a challenging few years. I want to thank Chris, the GBG executive team and the wider GBG team for all their hard work and I look forward to the future with great enthusiasm. GBG brings together a combination of world class capabilities, talented employees and unique, long-term distribution and insurance partner relationships. These assets position the company to grow its leadership standing within its existing markets and carve out new and exciting opportunities in new markets." -Sheldon Kenton, Chief Executive Officer,Global Benefits Group. Chris DiSipio, the current CEO of GBG, will join the Board of the holding company, as Non-Executive Chairman. I am very pleased to be able to welcome an executive of Sheldon's caliber and segment experience to lead GBG, said Chris DiSipio. As we enter a post-COVID growth phase, Sheldon is the perfect fit to lead GBG into its next chapter. I am also personally excited to join the Board where I will be able to ensure a smooth transition into 2023. Eric W. Leathers, a founding partner of majority GBG shareholder Further Global Capital Management said, We are thrilled to welcome Sheldon as the new CEO of GBG. He brings a wealth of international private medical insurance expertise and relationships to GBG which will help take the business to the next level of growth and profitability. We also want to thank Chris for his tremendous efforts in stewarding GBG through an unprecedented period and look forward to welcoming him as Non-Executive Chairman of the Board of Directors. Further Global is more committed than ever to the growth and success of GBG for the benefit of its clients, reinsurance partners, employees, and other stakeholders. ABOUT GBG: Global Benefits Group (GBG) is a global insurance group that administers and underwrites international medical, life, disability, and travel insurance. With a client base that spans multinational corporations, expatriates, international schools and students, high net-worth individuals, and non-profit organizations, GBG is committed to delivering outstanding customer service to the globally mobile population. Global Benefits Group (GBG) is the marketing name for GBGI Limited and its subsidiary and affiliated companies.

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NONPROFIT MANAGEMENT

Memorial Hermann Health System Invests in EnableComp, an Industry-Leading Specialty Revenue Cycle Management Solution

Memorial Hermann Health System | July 12, 2022

Today EnableComp has announced that Memorial Hermann Health System – a non-profit, community-focused, award-winning health system committed to creating healthier communities, now and for generations to come in the Houston area – has made a strategic investment in the company alongside Welsh, Carson, Anderson & Stowe (WCAS). Based in Franklin, Tennessee, EnableComp leverages its proprietary software embedded with advanced AI+RPA capability, Enforcer360, to increase revenue yield and accelerate collections for healthcare providers on Veterans Administration, Workers' Compensation, Motor Vehicle Accident/Third-Party Liability, and Out-of-State Medicaid claims. EnableComp also offers comprehensive Denial Resolution, ensuring providers maximize cash collections and revenue recovery from underpayments and/or zero-balance accounts. Today, the company serves more than 1,000 healthcare providers across all 50 states. Randy Dobbs, EnableComp's Chief Executive Officer said, "We are very pleased to welcome Memorial Hermann as a health system investor partner. We look forward to working closely with their leadership to meet their needs and seek input on new product offerings. The investment enables us to continue to enhance our world-class Enforcer360 RCM technology platform, expand our product portfolio and ensure high-quality delivery of revenue cycle management solutions to the healthcare market." "As a non-profit, values-driven, community-owned health system, Memorial Hermann takes its dual roles of being a responsible financial steward and a trusted healthcare provider extremely seriously, By making prudent investments in companies that align with our mission to improve health, we ensure we can continue meeting the needs of our Greater Houston community, one of the largest and fastest-growing metropolitan areas of the country, while also creating greater operational efficiencies. The decision to invest in EnableComp is guided by the same philosophies that drive all of our work: deliver value and create healthier communities. EnableComp fits squarely in that mission, with best-in-class solutions delivering compelling ROI and support, allowing health systems to focus on providing care to patients." -Feby Abraham, EVP and Chief Strategy Officer at Memorial Hermann Health System. Memorial Hermann is one of the largest not-for-profit health systems in Southeast Texas. While practicing the highest standards of safe, evidence-based, quality care, the system's 6,500 affiliated physicians and 29,000 employees provide a personalized and outcome-oriented experience across more than 265 care delivery sites throughout the Greater Houston area. Memorial Hermann will participate in EnableComp's Strategic Advisory Board to support growth initiatives, continuous quality improvement, new product development and expansion of capabilities. About Memorial Hermann Health System- Charting a better future. A future that's built upon the HEALTH of our community. This is the driving force for Memorial Hermann, redefining health care for the individuals and many diverse populations we serve. Our 6,500 affiliated physicians and 29,000 employees practice the highest standards of safe, evidence-based, quality care to provide a personalized and outcome- oriented experience across our more than 265 care delivery sites. As one of the largest not-for- profit health systems in Southeast Texas, Memorial Hermann has an award-winning and nationally acclaimed Accountable Care Organization, 17* hospitals and numerous specialty programs and services conveniently located throughout the Greater Houston area. Memorial Hermann-Texas Medical Center is one of the nation's busiest Level I trauma centers and serves as the primary teaching hospital for McGovern Medical School at UTHealth Houston. For more than 115 years, our focus has been the best interest of our community, contributing more than $400 million annually through school-based health centers and other community benefit programs. Now and for generations to come, the health of our community will be at the center of what we do – charting a better future for all. Memorial Hermann Health System owns and operates 14 hospitals and has joint ventures with three other hospital facilities, including Memorial Hermann Surgical Hospital First Colony, Memorial Hermann Surgical Hospital Kingwood and Memorial Hermann Rehabilitation Hospital-Katy. About EnableComp- EnableComp partners with over 1,000 healthcare providers to manage Veterans Administration, Workers' Compensation, Motor Vehicle Accident/TPL, and Out of State Medicaid claims, as well as ERISA appeals. EnableComp also offer services for A/R management, zero balance recovery, and commercial and government denials. The company's industry leading technology and analytics identifies the right payer, at the right time, for the right amount, ensuring clients collect the appropriate revenue for their complex claims and denials. EnableComp is also among the top one percent of companies to make the Inc. 5000 list of the fastest-growing private companies in the United States for the last eight years. About Welsh, Carson, Anderson & Stowe- WCAS is a leading U.S. private equity firm focused on two target industries: technology and healthcare. Since its founding in 1979, the firm's strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives and strategic acquisitions. The firm has raised and managed funds totaling over $30 billion of committed capital.

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