MEADOWS NEW FOUNDATION INC

Mission

MEADOWS NEW FOUNDATION, INC. (FOUNDATION) IS A GEORGIA NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE WITHIN THE MEANING OF SECTION 50L(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE) AND CONSISTENT WITH THE CHARITABLE PURPOSES OF CODE SECTION 501(C)(3), OR THE CORRESPONDING PROVISIONS OF ANY FUTURE FEDERAL TAX CODE. THE FOUNDATION RECEIVED SUBSTANTIALLY ALL OF THE NET SALES PROCEEDS FROM THE SALE OF THE ASSETS OF MEADOWS REGIONAL MEDICAL CENTER, INC. TO VIDALIA HEALTH SERVICE, LLC, AN AFFILIATE OF HCA HEALTHCARE, AS A GRANT FROM THE SELLER. THE SALE TOOK PLACE ON APRIL 30, 2021. THE PROCEEDS ARE TO BE ADMINISTERED BY THE FOUNDATION PURSUANT TO A GRANT AGREEMENT REVIEWED AND APPROVED BY THE INTERNAL REVENUE SERVICE AND THE STATE OF GEORGIA'A ATTORNEY GENERAL OFFICE. DISTRIBUTION OF FUNDS WILL BE MADE TO OTHER NONPROFIT ORGANIZATION WHICH ARE TAX EXEMPT UNDER CODE SECTION 501(C)(3), IN ORDER TO FURTHER THE COMMON GOOD AND G

Financials

Compensation

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