The New Hanover Community Endowment will oversee $1.25 billion in proceeds from the sale of the New Hanover Regional Medical Center. The endowment’s board is now accepting applications for two new members, ahead of its first meeting next month.
The addition of two members, along with mandatory public meetings of the endowment board, resulted from complex negotiations with North Carolina Attorney General Josh Stein. As his office completed its review of the hospital sale late last month, the AG said he’d requested that the new members have specific backgrounds and concrete experience.
“We also negotiated that the endowment add two new additional members to the Board of Trustees, people with concrete professional experience in serving others, whether it's public health or racial justice, and racial equity or serving under underserved populations. We wanted to make sure that was real professional expertise on the board as well.”
Endowment Chairman Spence Broadhurst recently told WHQR he welcomed the additional members.
“I think the things the Attorney General added are enhancements. I think the two additional board members, directed in the areas that he suggested, will be great diversity additions to our board. We're looking forward to that.”
The two new members will be selected by the Endowment’s current 11-member board. Applicants who have the appropriate background, and live in New Hanover County, can apply from now through February 19.
The new members will be chosen by early March, and will join the Endowment Board for its first meeting, on March 11. Over the next year, the board will set to work on hiring staff to direct and manage investments and set grant-making criteria.
More details:
- Info about New Hanover Community Endowment, including to apply to for the board positions
- Attorney General Josh Stein's review of the NHRMC sale, including new requirements for the Endowment
- Interview with Spence Broadhurst, talking about the Endowment