Morton Health Foundation Inc

“The organization prepares the form 990 and the related disclosures with assistance and guidance from its individual tax advisors (cpa firm). The form 990 is reviewed by management prior to submission to the board of directors and the irs.”

“The organization requires that all key employees, officers and members of the board of directors and any member of any committee to disclose in writing (and update annually) all business and other relationships which might potentially create a conflict of interest as defined by the policy. The written disclosure shall include an itemization of any substantive conflict of interest for such individual by virtue of his or her activities. The conflict of interest policy is reviewed and communicated to ensure individuals with outside relationships do not inappropriately participate in business decisions of the organization in which they are not independent.”

“In 2012, morton health foundation, inc. (the "foundation"), as sole member of morton hospital and medical center, inc. And affiliates authorized the sale of substantially all of the assets of the hospital, property and mpa to steward medical holdings subsidiary three, inc. ("steward holdings") pursuant to the terms of an asset purchase agreement by and among the hospital, property, mpa and steward dated march 29, 2011. The closing of the transaction set forth in the asset purchase was effective october 1, 2011. As of the closing date, employees of morton health foundation became employees of and were paid by steward. Morton health foundation did not issue w-2's for the calendar year ending 2011. Steward is the successor organization in this transaction and they issued all w-2's for the calendar year 2011, therefore there are no wages reported on this return.”

“The organization makes its form 990 available to the public upon request. Additionally, the organization's form 990 is available on the public charities website maintained by the commonwealth of massachusetts attorney general.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“The organization dissolved during the year and filed a petition with the attorney general's office.”

“The organization dissolved during the year and formally filed a petition with the attorney general's office.”

“Transfer to approved organizations -725,409.”

“Morton health foundation, inc. (the "foundation") is the sole member of morton hospital and medical center, inc. (the "hospital"), morton auxiliary, inc. (the "auxiliary"), community counseling of bristol county, inc. ("ccbc"), morton property, inc. ("property") and morton physician associates, inc. ("mpa"). In 2011, the foundation authorized the sale of substantially all of the assets of the hospital, property and mpa to steward medical holdings subsidiary three, inc. ("steward holdings") pursuant to the terms of an asset purchase agreement by and among the hospital, property, mpa and steward dated march 29, 2011. The transaction was approved by the attorney general of the commonwealth of massachusetts and closed effective september 30, 2011. On may 16, 2012, the auxiliary board voted to dissolve the auxiliary. As part of the transaction, property and mpa transferred their assets to steward holdings. In addition, the hospital transferred substantially all of its assets to steward holdings except a membership interest in radiation therapy of southeastern massachusetts, llc. The foundation's assets, which consist of an endowment held for the support of the hospital and its affiliates, were not included in the transaction. The foundation held assets of approximately $725,409 which were distrubted in accordance with approval of the attorney general and supreme judicial court. Based upon the thorough, thoughtful and deliberative process conducted by a special committee formed, the foundation proposes distributing its $725,409 in remaining assets, subject to the approval of the attorney general and the supreme judicial court, by awarding seven one-time grants from the foundation to taunton area charities. The auxiliary also voted to award one-time grants to area charities and governmental entities engaged in the promotion of health in the hospital's service area.”

“As a result of the sale transaction with steward, the organization did not operate during the year and therefore no audited financial statements were prepared.”