Lancaster General Health Foundation

“Detail of members or stockholders the business and affairs of the corporation shall be governed by a board of not less than three (3) not more than forty-five (45) trustees who shall be natural persons of full age. The number of trustees shall be such number as shall have been last specified by resolution of the board of trustees of the lancaster general hospital ("hospital"). The number of trustees shall include ex-officio trustees. Trustees need not be residents of pennsylvania. At all times, the board shall include at least one individual who is then serving as an officer, trustee or director of each of the specified organizations. ------------------------------”

“Detail of members or stockholders each year as nearly as possible, one third (1/3) of the trustees shall be elected to hold office for a term of three (3)years. ------------------------------”

“Detail of members or stockholders at all meetings of the board, a majority of the trustees then in office shall be necessary to constitute a quorum for the transaction of business and the acts of the board of trustees, except as may otherwise be specifically provided by statute, by the articles of incorporation, or bylaws. ------------------------------”

“Form 990 review process information related to this organization's form 990 filing is gathered, and the return is prepared by the finance staff. The vice president-controller and the director of accounting reviewed the form 990; and it was then provided to pricewaterhousecoopers llp for their review. In addition, the members of the governing body were given the opportunity to view the 990 online via the board portal system prior to the filing. ------------------------------”

“Conflict of interest policy in order to ascertain and evaluate actual or potential conflicts, certain interested persons are required to fill out a conflict of interest disclosure statement upon entering employment or becoming a trustee of lancaster general health or an affiliate, and others are also required to fill out such a statement on an annual basis. In addition to this requirement, all officers and trustees, regardless of whether or not they have filled out or have been asked to fill out a conflict of interest disclosure statement, have an ongoing affirmative duty to bring to the attention of lancaster general health situations which may give rise to an actual or potential conflict of interest as described in the policy. ----------------------------- form 990, part vi, section b, line 14 documentation retention and destruction policy the organization has the policies and procedures in place as mentioned in form 990, part vi, section b, lines 14 & 16b. However, they are not currently approved by the governing body. ------------------------------”

“Compensation process lancaster general health's executive compensation process includes the following review and action by the executive committee of the board of trustees which is comprised of independent trustees. An evaluation of performance against goals is conducted at the close of a fiscal year to determine the level of organizational and individual performance of the ceo and senior executives as to determine merit and incentive pay actions. Market data for base salary, total cash compensation and total compensation is provided by an independent third party to the committee and reflects a market basket of similarly sized organizations with comparable executive positions. Upon review and discussion of the related data and information the committee takes action which is recorded in the meeting minutes which are then filed for future reference. ------------------------------”

“Documents availability to the public lancaster general health foundation does not make the governing documents, the conflict of interest policy, or the financial statements available to the public. ------------------------------”

“Compensation of officers, directors, trustees the lancaster general health foundation board term runs september through september, while the organization's fiscal year runs july 1, to june 30. The following individuals listed on part vii, section a either started or termed during the june 30, 2019 fiscal year: diane poillon (term 9/01/2018) gregory s lefever (term 9/01/2018) craig kauffman (term 9/01/2018) patric tell (start 09/01/2018) the hours noted in column (b) relate to the hours dedicated to the filing organization and/or to other organizations within the lancaster general health system. The hours disclosed relate to time served on a board and/or for services provided resulting in compensation paid.members of the board are not compensated for their position on the board. Compensation disclosed relates to other services performed. ------------------------------”

“Detail of other changes in net assets related party transfers $ 4,540,586 loss on uncollectible pledge 217,100 ----------- total $4,757,686 ------------------------------”

“Audited financial statements the financial information for lancaster general health and its affiliates, including lancaster general health foundation was included in the university of pennsylvania's combined financial statements and audited on a consolidated basis. Additionally, lancaster general health foundation's financial statements were audited by an independent accounting firm on a separate basis. ------------------------------”