By Tara Fugate
MNA Strategic Researcher
The vast majority of hospitals in Minnesota operate as not-for-profit organizations, which means they are exempt from most local, state, and federal taxes. This privileged tax status is meant to be an acknowledgement of the “community benefits” they provide. However, the definition of community benefit is loose, and guidelines on appropriate levels of community benefit spending are sparse both federally and at the state level.
In Minnesota, there is no law that specifically requires not-for-profit hospitals to provide measurable community benefits. There is, however, a state level reporting requirement on community benefit spending that has existed since 2007.
… Read more about: What is Community Benefit Spending And Why Does It Matter for Not-For-Profit Hospitals? »