History & Financials

The Foundation for Community Health (FCH) has been investing in people, programs and strategies to improve health in our community since 2003.

FCH is an independent corporation acting as a non-profit public charity 501 (c) (3) and a Type I supporting organization of Berkshire Taconic Community FoundationCommunity Foundations of the Hudson Valley, and Northwest Connecticut Community Foundation.  It is governed by a 15-member volunteer Board of Directors. Each board member must maintain residence or work full-time in our community.

FCH was established in 2003 when Sharon Hospital was sold to for-profit Essent Healthcare, Inc.  Connecticut law requires that the net proceeds from the sale of a not-for-profit hospital to a for-profit organization remain in the charitable sector through the creation of a “conversion” foundation.  The original settlement approximated $16 million.  The process was guided by a decision of the Connecticut’s Attorney General and formalized by a decision of the Superior Court of the State of Connecticut. FCH was also designated as the current and future recipient of all non-restricted income from legacies left in wills and from trusts that were originally designated to go to the former Sharon Hospital.

Since inception, the FCH has awarded millions of dollars in grants that have helped many in our community.  In addition to its direct funding of health projects, FCH initiates forums, conferences, workshops, and other educational programs aimed at improving access to healthcare for people living in the FCH community.

Previous Annual Reports

Form 990 Reports

Audit Reports