Fox Chase Cancer Center Foundation

“Explanation: Temple University Health System, Inc. nominates two members of the Board of Directors.”

“Explanation: The Form 990 is prepared by the Fox Chase Cancer Center General Accounting department and reviewed by the Chief Financial Officer, outside tax counsel, and members of the Senior Leadership Committee. After review by management, the 990 and 990T (if any) are made available to board members electronically. A board member without internet access is provided a paper copy to review. Board members are asked to review and provide any comments to the Chief Financial Officer.”

“Explanation: All directors, officers, members of Board committees, and key employees of the organization are subject to the conflicts of interest policy. Under the policy, covered persons must complete an annual disclosure of actual or potential conflicts of interest. In addition, if any covered person has a direct or indirect interest in any proposed contract, transaction, or other arrangement involving the organization, the covered person must disclose the interest to the Board or committee authorizing the contract, transaction, or other arrangement, and the Board or committee must determine whether the interest constitutes a conflict of interest prior to taking any action. A covered person who has a conflict of interest may answer questions of the Board or committee considering the contract, transaction, or other arrangement that involves the conflict. However, after answering questions, the covered person must leave the meeting during the discussion of the merits of the matter and does not vote on the matter.”

“Explanation: The organization's governing documents, conflict of interest policy and financial statements are made available to the public when requested.”