The Yakima Valley Community Foundation (YVCF) began operating as a certified nonprofit organization in December, 2004. Initial funding (approximately $8,000,000) was provided by the Sisters of Providence.
When the Sisters made the decision to sell Providence Yakima Medical Center and Providence Toppenish Hospital, they contributed all assets of Providence Health Foundation to this new, independent foundation to support the well being of Yakima Valley residents.
The purchaser of the hospitals, Health Management Associates, pledged an additional $10,000,000, payable over ten years.
The proposed Social Investment Tax Relief (SITR) has UK civil society and social organizations stirred up this season. The supposed tax relief on investment in social impact bonds will support the UK social economy.