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A New Model: Foundation-owned Social Enterprise

Post date: 
October 30th, 2014
Article Type: 
External News Article
Article Topic: 
Economy
Article Source: 
The Nonprofit Quarterly

Gradian Health Systems provides access to a unique anesthesia machine that requires no power source or compressed oxygen to function. That makes the Universal Anesthesia Machine (UAM), as it is called, perfect for many poor and underserved countries around the world. Although clearly a wonderful tool, that’s not what makes this unusual. The fact that Gradian is a Limited Liability Corporation (LLC) wholly owned by a private foundation is.

Link to article: 
https://nonprofitquarterly.org/philanthropy/25085-a-new-model-foundation-owned-social-enterprise.html

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