Since NHCE’s establishment in 2020, the organization has made great progress in building a foundation for the Endowment’s future work. It signed an agreement with the attorney general, organized our board of directors, elected officers, adopted bylaws, created a conflict of interest policy and initial investment policy, established its mission, vision, values and commitment and selected the Endowment’s first CEO. Please visit this page to learn more about what’s been accomplished and what’s to come.
What We’ve Accomplished
Inaugural CEO & President Appointed
William Buster, a seasoned leader in philanthropy who has dedicated his life’s work to improving the social determinants of health and quality of life for all people across the South, was selected to serve as the first CEO & President.
Second Public Listening Session Held
Community members gathered for the second listening session to share how the Endowment can make the greatest impact possible for all to thrive. At the second session, many needs presented at the first were further amplified.
First Public Listening Session Held
The first public listening session served as an initial opportunity for community members to share their perspectives and insights on New Hanover’s needs. Some prominent areas of concern shared were equitable access to youth programs, transportation, affordable housing, resources for the Latinx community, safety and more.
Endowment Established Mission, Vision, Values and Commitment
To provide a defined direction and focus, NHCE established its mission: “To improve the health, education, safety, and economic opportunity of every person in our community.” Its values are the following: integrity, transparency, inclusivity, courage, collaboration, accountability.
Investment Coach Hired
An investment coach was selected by the board to begin developing the Endowment’s long term investment policies.
CEO Search Began
The chief executive officer of the New Hanover Community Endowment will have an awe-inspiring challenge: Embrace the legacy of service long characteristic of the New Hanover Regional Medical Center and capitalize on the unique opportunity for impact inherent in the foundation made possible by its sale.
Two Additional Board Members Added
Dr. Khadijia Tribie Reid and Dr. Edelmira Segovia were selected to join the board in response to a request from N.C. Attorney General Josh Stein to add racial equity and public health knowledge to the board.
Attorney General Josh Stein Approved Novant’s Purchase of New Hanover Regional Medical Center
Contingent on provisions to increase the Endowment’s transparency, Attorney General Josh Stein announced no objections to the sale and iterated his support stating negotiations have created “a more representative, more transparent, and more accountable Endowment.”
Conflict of Interest Policy Established
To protect the integrity of the tax-exempt organization, the policy intends to prevent the Endowment from a transaction or arrangement that may benefit the private interest of an officer or director or might result in a possible excess benefit transaction.
New Hanover Community Endowment Board of Directors Named
Chris Boney, Bill Cameron, Cedric Dickerson, Michele Holbrook, Patrick D. Maguire, MD and David Harriss Sprunt were appointed to the board.
The Endowment board adopted its bylaws to guide the operations of the Endowment, which are aligned with its mandated purpose.
Spence Broadhurst and Hannah Gage were elected chair and vice chair of the board respectively.