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The IRS is trying to quantify how much social benefit nonprofit hospitals create. The idea is to strip those that do not produce enough of their nonprofit status. If the Third Sector cannot figure out how to measure social impact, the IRS might just do it for us. That would be a fiasco.
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ABOUT SEAN STANNARD-STOCKTON
Sean Stannard-Stockton is the president and chief investment officer of Ensemble Capital Management, located in Burlingame, CA, midway between San Francisco and Silicon Valley. From 2006 through 2012, Sean authored the Tactical Philanthropy blog and wrote regular philanthropy columns for both the Financial Times and the Chronicle of Philanthropy. In 2012, Sean officially ended the blog to focus on growing Ensemble Capital.
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