St Elizabeth Medical Center Foundation Inc

“St elizabeth medical center is the sole corporate member of the st elizabeth medical center foundation.”

“The form 990 is presented to the board prior to filing”

“The purpose of the policies and directives set out in this policy statement is to assure that the business conducted by the organization is conducted free from the possible influence of conflicts of interest of interested person. The policy exists to protect the organizations interest when it is contemplating entering into a transaction or arrangement that might benefit private interest of an interested person in the organization. Interested persons may not enter into any employment transaction or other arrangement that may cause or be perceived to cause a conflict of interest. Interested persons must review this policy annually and complete the acknowledgement and disclosure form annually. The compliance officer and or the compliance committee will review all annual acknowledgement and disclosure forms and any conflicts or potential conflicts identified. When a potential conflict is identified the compliance officer will ensure appropriate actions are taken to resolve the conflict. This policy is intended to suppliement but not replace any applicable federal and state laws governing conflicts of interest applicable to non profit and charitable corporations.”

“The Board of Directors has established an executive compensation committee, which is responsible for reviewing the adequacy and reasonableness of the compensation paid to the President/CEO and other employees of the Executive Leadership Team. The Executive Leadership Team consists of the following positions: * President/CEO * SVP/ CFO * SVP/CNO * SVP/ CIO * SVP/ CHRO * SVP/Marketing & Strategy * SVP/Chief Legal Counsel * SVP/ Physician Practices & Operations * SVP/ Chief Quality & Patient Safety Officer The system has engaged an independent compensation consultant to conduct a market review of executive compensation using bench-marking data for comparable positions in similarly situated hospitals. The data is provided on an annual basis and is reviewed by the committee, along with other information, prior to approving any changes to compensation. The independence of the committee members is reviewed and verified prior to the start of the annual compensation review process. Should a conflict present, those individuals with actual or perceived conflicts abstain from voting until such time as the conflict can be resolved or a replacement member ins appointed to the committee. The committee's deliberations and discussions are guided by a written compensation philosophy and documented through written minutes taken during each meeting. The minutes include, among other things, the written materials distributed or presented during the meeting and the specific decisions taken at the meeting.”

“The foundation maintains its governing documents and financial statements in its offices. These documents are available to the public upon request, during regular business hours.”

“OTHER FEES”

“This was an investment transfer of funds. Once matured, the cash from a morgan stanley cd was moved into investments”