With the recent closing of the sale of county-owned New Hanover Regional Medical Center to Novant Health, about $1.25 billion from the purchase goes to benefit New Hanover County. Overseeing that staggering amount is an endowment and board responsible for how the money is managed and where grants from interest earnings will go into the community.

The heads of that new endowment board of directors spoke on Thursday's BizTalk to answer questions about what happens next, what an endowment of this size means for the Cape Fear region and the latest on a push to diversify the board. (For the application for two additional board seats to the board, go to the New Hanover Community Endowment's website here.)

Spence Broadhurst, New Hanover Community Endowment Board chair, and Hannah Gage, the board's vice chair, share the latest.

View the full conversation below. Also listen to this and future weekly WilmingtonBiz Talk discussions on the Business Journal's new podcast, available on Apple Podcasts, Spotify and Stitcher.