Templeton Foundation

“Bassett healthcare network is the parent and sole member to each of the following related parties. Friends of bassett, ao fox memorial hospital, bassett hospital of schoharie county, little falls hospital, o'connor hospital, templeton foundation, valley health services, valley residential services, and mary imogene bassett hospital. As parent and sole member, bassett healthcare network has the right to appoint and remove members of the governing boards of its subsidiaries and approve significant decisions of the governing boards, including, but not limited to, approval of operating and capital budgets, certain capital expenditures, indebtedness not contained in the approved budgets, substantive changes in clinical programs, mergers, consolidations, liquidations and dissolutions involving its subsidiaries and certificate of need applications.”

“See disclosure for part vi, line 6”

“See disclosure for part vi, line 6”

“Organization's process to review form 990 the treasurer of the board for templeton foundation distributes the draft 990 to the board of directors prior to filing. Any questions are raised and answered. Once approved, the 990 can be filed. A complete copy of the organization's final form 990, including all required schedules, as ultimately filed with the irs, is available to each member of the board before its filing with the irs.”

“Enforcement of conflicts policy the organization's conflict of interest policy applies to the board of trustees, including any committees of the board, individual members of the board, officers of the hospital (president, coo, cfo), vice presidents, and all directors serving as directors team members. Upon the commencement of an individual serving in the roles previously defined, and thereafter annually by january 1, a conflict of interest questionnaire which is prescribed by the audit committee of the board of trustees must be completed. All completed questionnaires are reviewed by the compliance officer of the organization. Any potential conflict of interest will be discussed with the individual and/or with legal counsel. The compliance officer will take action to eliminate the potential conflict of interest, if deemed appropriate. After investigation, if it is deemed that the individual has failed to comply with such policies and directives, appropriate corrective action will be taken. The audit committee of the board of trustees may determine whether the corrective action is satisfactory and, if not, shall require further action.”

“Governing documents disclosure explanation templeton makes its governing documents and financial statements available to the public upon written request. Parties desiring to obtain copies of such must present themselves at the administrative offices of templeton foundation or by sending a self-addressed stamped envelope along with payment for copying of the requested material to templeton foundation administrative offices. The cost of copying shall be equal to the costs imposed by the irs for copying of public documents.”

“Adjustments to fair value of interest rate swaps 2,339,864.”