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Full board of directors named in $1.25 billion hospital community foundation

(Top row, from left to right) Bill Cameron, Stedman Stevens, Cedric Dickerson, Michele Holbrook; (middle row) Spence Broadhurst, Dr. Virginia Adams, Chris Boney, Dr. Patrick Maguire; (bottom row) David Sprunt, Hannah Gage. Not pictured: Shannon Winslow.
NEW HANOVER COUNTY The entire 11-member board of the newfound New Hanover Community Endowment, Inc. nonprofit has been named, with board members recently conducting their first meeting.
The endowment is tasked with managing $1.25 billion the lion’s share of sale proceeds generated by the sale of New Hanover Regional Medical Center to Novant Health.
Regulators are currently reviewing the sale in advance of its anticipated closing date, which is expected sometime in the first quarter of 2021. ....

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Nonprofit foundation in charge of $1.25B from NHRMC sale names 11-person board of directors

Nonprofit foundation in charge of $1.25B from NHRMC sale names 11-person board of directors
By WECT Staff | December 14, 2020 at 3:37 PM EST - Updated December 14 at 8:37 PM
WILMINGTON, N.C. (WECT) - The nonprofit organization that will manage and invest $1.25 billion from the sale of New Hanover Regional Medical Center to Novant Health has announced its board of directors.
Back in October, the New Hanover County Commissioners voted to establish the nonprofit as a 501(c)(3) known as the New Hanover Community Endowment, Inc. The nonprofit has since been registered with the state and will seek tax exemption status with the Internal Revenue Service. ....

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Additional community endowment board members named

By
Christina Haley O Neal, posted
Dec 14, 2020
The New Hanover Community Endowment group has announced the remaining additions to its 11-member Board of Directors, according to a news release.
Six people, all New Hanover County residents, were named to the board, on top of five people previously selected when the New Hanover County Board of Commissioners in October established the nonprofit corporation charged with overseeing the estimated $1.25 billion from the sale of the county-owned New Hanover Regional Medical Center.
The nearly $2 billion sale to Winston-Salem-based Novant Health is expected to close early next year. A new regional local board charged with overseeing the hospital after the sale has selected the new members to the endowment board. ....

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