These Wilmington nonprofits will get hospital sale, endowment money

Less than two years after the sale of New Hanover Regional Medical Center became final, part of the more than $1 billion in proceeds are heading out into the community.

The endowment established by New Hanover County leaders following the sale recently announced its first round of grant recipients. The endowment plans to give more than $9 million in one-time grants to 111 community organizations.

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The recipients include various organizations that range from the University of North Carolina Wilmington and the YMCA to organizations like Mother Hubbard’s Cupboard of Wilmington and No Limit Boxing Club.

Naming the grant recipients was the product of months of planning and a long-time coming for some in the Cape Fear community.

Following the controversial sale of New Hanover Regional Medical Center, its proceeds were divided into three buckets: a $50 million mental and behavioral health fund, a $300 million revenue stabilization fund, and a $1.25 billion community endowment.

William Buster was selected as the first president and CEO of the New Hanover Community Endowment.  He started with the nonprofit March 1, 2022.

In the past two years, the endowment organized as a nonprofit, adopted by laws and a mission statement and hired William Buster as the endowment’s president and CEO to guide the process.

Since starting in March, Buster has hired additional staff members, held numerous community listening sessions and formed a community advisory committee to help advise the endowment board on community needs.

Applications for this round of grants were open from Sept. 1 through Sept. 30. The endowment received a total of 291 applications during that period with recipients being chosen by the endowment’s 14-member board. Those selected will receive the grant money by the end of the year, according to endowment spokesperson Jada Harkins Andrews.

Here are the groups that received grant money and what they to do with it:

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