In many industries, such as higher education, hospitals, and museums, nonprofit organizations control great wealth. Public and private donations, tax subsidies, and volunteered services have typically made that wealth accumulation possible. In return for the various forms of assistance,...

If to behave commercially is to act like a for-profit firm, then the ultimate expression of commercialism for a nonprofit is to convert its legal status to the for-profit form. Conversion is increasingly common, most notably in health care, and is now attracting considerable public attention....