Kaleida Health Foundation

“The organization is a membership (not a stock) corporation under new york state law. The organization's sole corporate member is kaleida health, a related not-for-profit organization.”

“In accordance with the terms and requirments of its governing documents (ie bylaws), on an annual basis the organization's current board members recommend the list of candidates for membership to the governing body for the subsequent term to the kaleida health board of directors. The kaleida health board of directors approve and elect these candidates to serve as the organization's board of directors.”

“Kaleida health, as the sole corporate member, also has the right to approve or ratify significant decisions of the organization's governing body including the amendment of bylaws and charters, removal of members of the governing body, and the decision to dissolve the organization.”

“Review process for form 990 the organization's management, in consultation with the organization's tax advisors, kpmg llp, reviews the form 990. The financial review is based on the organization's audited financial statements for the relevant time period. Before the 990 is filed with the irs, the executive committee of the organization's board of directors reviews the form 990 and provides a copy of the same to the organization's full board of directors.”

“Conflict of interest policy upon employment and annually thereafter each board member and officer of the organization is required to complete a conflict of interest and disclosure form, providing sufficient information about his/her personal interests and relationships so the organization can (1) determine whether any potential or actual conflicts of interests may exist, and (2) monitor work or service assignments to avoid placing a key employee, officer or director in a position where there may be an appearance, potential or actual, of a conflict of interest or a question of objectivity. The completed conflict of interest forms are returned to the organization.”

“Compensation approval process on a regular basis, the organization provides documentation to the compensation committee of the board of kaleida health with respect to the compensation of the organization's key employee for review and approval. Such information includes comparable data from similar size tax exempt organizations in the western new york community as well as compensation for this position within other foundations that are similar in size, demographics, and geography.”

“Access to organizational documents the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request at its office at 726 exchange street, suite 200, buffalo, ny 14210. A nominal fee is charged if copies are requested.”

“Transfer of net assets to parent -2,923,095. Other changes -464,483.”