Delaware County Foundation Faces Financial Uncertainty Amid Crozer Health Bankruptcy
2025-02-12
Philadelphia Inquirer on MSN.com
The Foundation for Delaware County is bracing for a potential financial blow as Crozer Health's bankruptcy proceedings unfold. With two Springfield Township leases set to expire in September 2029, the foundation may be liable for unpaid payments if Prospect defaults. This development has significant implications for the foundation's financial stability and underscores the importance of strategic financial planning in the face of uncertainty. As the situation continues to unfold, the foundation's leaders must navigate the complexities of bankruptcy law and lease agreements to mitigate potential losses. Key considerations include financial risk management and nonprofit financial planning.
