Texas Health Resources Merges Foundations to Advance Regional Philanthropy and Stewardship|
Jay McAuley Appointed as President to Lead New Foundation,
ARLINGTON, Texas — Texas Health Resources announces the creation of a new philanthropic foundation that merges Texas Health Presbyterian Foundation and Texas Health Harris Methodist Foundation into a single organization that will have a region-wide focus. Texas Health Resources Foundation will be led by Jay McAuley, who has been appointed president of the new organization, and an 18-member board of volunteer community leaders selected from the members of the boards of the merged foundations. McAuley formerly served as president of Texas Health Presbyterian Foundation.
“Texas Health has been abundantly blessed by the leadership, wisdom and creativity of the dedicated people who have served our two foundations for many years,” said Doug Hawthorne, CEO of Texas Health Resources. “We are deeply grateful for the philanthropic support of the communities we serve. We pledge that Texas Health Resources Foundation will continue to advance caring for the people of our communities in body, mind and spirit.”
“Philanthropic giving is the life-blood of any community-based, not-for-profit organization,” said David Tesmer, senior vice president of Community Engagement & Advocacy for Texas Health Resources. “Over many years, Texas Health Harris Methodist Foundation and Texas Health Presbyterian Foundation have established solid reputations in the communities they serve. Through friend-building philanthropic efforts, the foundations have raised funds that support clinical, educational and research programs across the Texas Health system.”
The merger of the two foundations is part of Texas Health’s 10-year strategy to transform from a hospital-centric organization to an integrated, regional health system. In planning this transition, Texas Health leaders studied best practices of other nationally-recognized health systems and not-for-profit organizations.
Together, the merged foundations hold assets of more than $210 million. No staff reductions are anticipated as a result of the merger.
Texas Health leaders sought outside expertise and benchmarked the structure and governance model of the new foundation against nationally-recognized philanthropic organizations. Board members of Texas Health Resources Foundation were selected with recommendations from a committee that included representatives from the boards of both foundations.
The members of Texas Health Foundation Board of Trustees are:
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