As you may recall, the Leo N. Levi Memorial Hospital closed in August after more than a century of service to Hot Springs and surrounding areas, and the board has decided to demolish the more than century-old hospital.
Now what’s to become of the charitable foundation that raised money for the hospital?
The Levi Endowment Foundation, which operates as the Levi Community Foundation, will switch nonprofit filing status from private foundation to public charity in 2026, Executive Director Libby Harrington told Whispers.
The foundation had total assets of more than $11 million at the end of 2024, according to its most recent filing with the IRS, about the same as in 2023.
The charity’s mission statement: “To create lasting impact in our community by advancing behavioral health support and by addressing the social factors that shape well-being, guided by our Jewish tradition of service and care.”
Another foundation associated with a defunct hospital is about to close up shop.
Crittenden Regional Hospital in West Memphis closed in 2014. (Baptist Memorial Health Care of Memphis opened Baptist Memorial Hospital-Crittenden in West Memphis in late 2018.)
Crittenden Memorial Hospital Development Foundation Inc. has been chipping away its assets by making gifts and grants in support of “health care-related causes,” the foundation’s longtime chairman, Franklin Fogelman, said.
Total assets have been reduced from about $700,000 when the hospital closed to about $300,000 at the end of 2023.
“In the past year [the board] decided to unwind and distribute the balance of our assets. This year we solicited requests from a bunch of community stakeholders and made decisions to support some and close the foundation. Mechanically we are open, but only for a few more weeks,” he said at the beginning of December.
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