The Elwyn Foundation

“As of July 1, 2019, Elwyn PA (formerly known as "Elwyn") and certain of its subsiliaries completed an internal reorganization ("the Reorganization"). Prior to July 1, 2019, Elwyn PA was a Pennsylvania non-member, non-profit corporation that is exempt from federal income tax under Section 501(a) of the IRC and described as a public charity under IRC Sections 501(c)(3) and 170(b)(1)(A)(iii). Prior to July 1, 2019, Elwyn PA served as the sole member of the following entities that were directly affected by the Reorganization effective July 1, 2019 (collectively, "the Elwyn Subsidiaries"): 1) The Elwyn Foundation A Pennsylvania member, nonprofit corporation exempt from federal income tax under IRC Section 501(a) and described as a type I supporting organization under IRC Sections 501(c)(3) and 509(a)(3); 2) Elwyn New Jersey, A New Jersey, Non-Profit Corporation A New Jersey member, nonprofit corporation exempt from federal income tax under IRC Section 501(a) and described as a public charity under IRC Sections 501(c)(3) and 509(a)(1); 3) Elwyn California A California member, nonprofit corporation exempt from federal income tax under IRC Section 501(a) and described as a public charity under IRC Sections 501(c)(3) and 509(a)(2); While Elwyn PA has other subsidiaries, such other subsidiaries were not directly affected by the Reorganization. The Reorganization was effectuated for asset protection purposes and to streamline operations. In connection with the Reorganization, The Elwyn Foundation converted into a Pennsylvania non-member, nonprofit corporation and, as such, Elwyn PA no longer serves as the sole member of The Elwyn Foundation. Elwyn PA converted into a Pennsylvania member, nonprofit corporation, with The Elwyn Foundation as its sole member and changed its corporate name from "Elwyn" to "Elwyn of Pennsylvania and Delaware". Elwyn PA transferred its membership interests in the following entities to The Elwyn Foundation: Elwyn NJ and Elwyn CA. As a result of the Reorganization, The Elwyn Foundation is the sole member of Elwyn PA, Elwyn NJ, and Elwyn CA.”

“The Form 990 is internally prepared and sent to our external public accounting firm for review and compilation. The completed return is then sent back to the organization and is reviewed and approved by the Audit Committee, prior to filing.”

“The Elwyn Board of Directors reviews the conflict of interest policy on a periodic basis. Board members complete conflict of interest forms on an annual basis. The completed forms are maintained by the Assistant Secretary of the Board.”

“The elwyn foundation has no employees. An employment contract determines the compensation of elwyn's president. The board of directors of elywn of pennsylvania and delaware, the parent organization at the time, approved the president's employment contract after thorough consultation with compensation professionals and review of compensation paid by comparable nonprofit organizations. The current contract covers compensation between march 1, 2017, and june 30, 2022. Annually, elwyn of pennsyvlania and delaware's president determines the compensation paid to other senior executives. The compensation information for these employees is distributed to the executive committee of the board of directors for informational purposes only.”

“The consolidated financial statements of the Elwyn Foundation and Subsidiaries are available through public sources as a result of the tax-exempt bond financing. The organization does not make its governing documents and conflict of interest policy available to the public.”

“to shape distinctive individual lives. The Elwyn Foundation is a Pennsylvania non-profit corporation and the sole member of the following operating subsidiaries: Elwyn of Pennsylvania and Delaware (formerly known as "Elwyn"), a Pennsylvania nonprofit corporation, Elwyn New Jersey, A New Jersey Non-Profit Corporation, and Elwyn California, a California nonprofit corporation. Elwyn Pennsylvania and Delaware is the sole member of Fellowship Health Resources ("FHR"), a Rhode Island nonprofit corporation another operating of the Elwyn Foundations controlled operating affiliates. Elwyn of Pennsylvania and Delaware has two operating subsidiaries that became part of the Obligated Group pursuant to affiliations: Family Support Services, a Pennsylvania nonprofit corporation, affiliated with Elwyn of Pennsylvania and Delaware in 2016 and Fellowship Health Resources, a Rhode Island nonprofit corporation, affiliated with Elwyn in 2018. Fellowship Health Resources is the sole member of two nonprofit realty corporations Fellowship Realty Corp and Fellowship Realty Corp of Massachusetts.”

“(a) carrying out the purposes of Elwyn of Pennsylvania and Delaware, Elwyn New Jersey, and Elwyn California; (b) encouraging and motivating the making of gifts and donations by deed, will, trust or otherwise, for the advancement, promotion, extension, and maintenance of the various causes and objectives fostered by the Corporation, the Publicly-Supported Organizations and their affiliates (collectively, the "Elwyn Entities") and undertaking other activities in support of the general purposes of the Elwyn Entities; (c) conducting fundraising activities on behalf of the Elwyn Entities; (d) raising and/or receiving funds on behalf of the Elwyn Entities; (e) holding title to, investing and managing the Corporation's assets and assets originally donated to, or originally held by, one or more of the Elwyn Entities; (f) providing supportive services to one or more of the Elwyn Entities, including, but not limited to, budgeting, strategic planning, financial planning, investment management, resource allocation, long-term planning and short-term planning; and (g) making distributions and/or utilizing the Corporation's assets for charitable, educational and/or scientific purposes within the meaning of Code Section 501(c)(3).”

“Equity transfer from elwyn pa as part of internal reorganization: $41,443,983”