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The Rinehart Endowment Fund Inc

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Nonprofit Overview

Causes: Health

Mission: The corporation is organized and shall be operated for the benefit of "the rinehart clinic".

Programs: During 2010, the rinehart clinic endowment fund, inc. Forgave a loan and transferred cash to the rinehart clinic in the amount of $414,812.

Donor & Volunteer Advisory

This organization's nonprofit status may have been revoked or it may have merged with another organization or ceased operations.

Community Stories

2 Stories from Volunteers, Donors & Supporters

General Member of the Public

Rating: 1

It is my understanding that the Rinehart Clinic Endowment Fund has been liquidated and donated to the Rinehart Clinic to cover day to day expenses. The fund is a victim of a high turnover rate (two thirds of its administrative staff has turned over in 2010) and bad business practice brought about by bad management and lack of fiscal responsibility. Federal funding has allowed this entity to continue to practice in an irresponsible manner.

Professional with expertise in this field

Rating: 1

The major donor for this endowment admitted to me that he was very upset by the way his sizable, founding donation was being spent on a clinic that is “flushing money down the toilet.” Those are his words. If you note the waste at this organization, and their admitted $100,000 loss in the last year, you can understand a bit of his concern. This endowment has very little money left in it, in fact, due to a recent bail-out scheme enacted on behalf of the poorly run Rinehart Clinic. Donate your money to a fund that is not involved in bad business, I say.