The Power of Warm Glow

We frequently counsel our hospital and system clients that their tax exempt status is one of the most valuable "off balance" sheet assets they have. The following is a thought provoking commentary from Professor Usha Rodrigues of the University of Georgia School of Law which was published in the Texas Law Review. In her note, Professor Rodrigues comments that there is 'something very special about charitable warm glow'. While many people do not associate nonprofit healthcare systems with traditional charities, we know from experience that they do look at life differently than a traditional taxable for-profit corporation. Professor Rodrigues notes that she explores the "special nature more foully, and link it to the psychological concept of social identity, in a separate work - Entity and Identity - forthcoming in the "Emory Law Journal". We look forward to reading that article.

http://www.texaslrev.com/sites/default/files/seealso/vol88/pdf/88TexasLRevSeeAlso149.pdf