Gentry, William M.; Penrod, John R. - 2021
of the exemption from income taxes is $4.6 billion; the median hospital receives benefits of 1.8 percent of total assets … varies across hospitals depending on state and local tax policies and the hospital asset mix. Tax-exempt bonds and deductible …. Almost half of existing bond debt could be replaced by using hospital endowments; we calculate an annual aggregate benefit of …