Nonprofit Pharmaceutical Companies: Background, Challenges, and Policy Options

January 29, 2020

To address high drug prices and the challenges they create for access to drugs, organizations have been exploring and working to create nonprofit pharmaceutical companies. These nonprofit companies prioritize drug access and affordability in the United States as core components of their mission. In the current federal policy landscape, however, there are specific incentives for the operation of for-profit pharmaceutical companies that do not similarly benefit their nonprofit counterparts, as well as several other barriers to sustainability for nonprofit companies.

Spotlight

Fidelity Charitable

Fidelity Charitable® is a public charity that has helped donors support over 219,000 nonprofit organizations with more than $25 billion in grants with our donor-advised fund program. Our mission is to further the American tradition of philanthropy by providing programs that make charitable giving simple, effective, and accessible. Founded in 1991, Fidelity Charitable® launched the first national donor-advised fund program, democratizing philanthropy by making a giving vehicle available to a broad array of people. Today, we sponsor more than 75,000 donor-advised funds connected to more than 120,000 donors and are the nation's second-largest grant maker behind the Bill & Melinda Gates Foundation. Fidelity Charitable is the brand name for Fidelity® Charitable Gift Fund, an independent public charity with a donor-advised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo, and Fidelity are registered service marks, of FMR

OTHER WHITEPAPERS
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whitePaper | March 4, 2020

The look on her face said it all. “You want me to create a strategy for every single one of the donors on my caseload? Are you kidding me?” This is usually the reaction our team at Veritus Group gets when we tell MGOs that this will be one of the first things they need to do if they want to become successful with us. After the initial shock wears off and denial turns to acceptance, we get to work. We don’t skirt the enormity of the task. It is HARD work. We realize that. If it were easy, everyone would be doing it. But they are not. And this is one of the reasons that MGOs, and ultimately non-profits, struggle with their major gift programs… they don’t have a plan. In this paper, we’re going to share with you a step-by-step process on how to put together a strategic plan for each donor. This is the same process we use with our clients to help them overcome what they think is insurmountable. Once MGOs start working on this process, they realize that not only is it possible, but it’s necessary for them to stay on task and become successful.

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Spotlight

Fidelity Charitable

Fidelity Charitable® is a public charity that has helped donors support over 219,000 nonprofit organizations with more than $25 billion in grants with our donor-advised fund program. Our mission is to further the American tradition of philanthropy by providing programs that make charitable giving simple, effective, and accessible. Founded in 1991, Fidelity Charitable® launched the first national donor-advised fund program, democratizing philanthropy by making a giving vehicle available to a broad array of people. Today, we sponsor more than 75,000 donor-advised funds connected to more than 120,000 donors and are the nation's second-largest grant maker behind the Bill & Melinda Gates Foundation. Fidelity Charitable is the brand name for Fidelity® Charitable Gift Fund, an independent public charity with a donor-advised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo, and Fidelity are registered service marks, of FMR

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