Yes. A hospital may use donated funds to finance renovations or improvements to existing facilities that are used to provide healthcare.
FAQ
Yes. A hospital may use donated funds to finance the construction of a new treatment center that will provide healthcare services.
Yes. A hospital may use donated funds to make payments on a construction loan to build a new treatment center.
No. Donated funds may not be used for fundraising purposes.
Yes. A hospital may use donated funds to pay an accounting firm to prepare financial projections relating to the construction and operations of a proposed new treatment center.
Yes. A hospital may use donated funds to pay an architectural firm to design a proposed new treatment center.
Yes. A hospital may use donated funds to pay down short-term or long-term debt.
Yes. However, donated funds may not be used for fundraising purposes or executive compensation.
Yes. A hospital may use donated funds to pay the fees of a healthcare consulting firm to prepare a market feasibility study for a proposed new treatment center.
No. Donated funds may not be used for executive compensation.