Hospice and Homecare Foundation

“At 11:59 pm on june 30, 2019, the hospice and homecare foundation d/b/a main line health homecare and hospice foundation merged into main line health homecare and hospice. All the property (real, personal and mixed), rights, powers, duties and obligations of the foundation and all debts due on any account to the foundation shall be fully vested in main line health homecare and hospice. Form 990, part vi, section a, lines 6, 7a and 7b as per the articles of incorporation, the sole member of main line health homecare and hospice foundation is main line health homecare and hospice, a pa nonprofit corporation. As sole member, main line health homecare and hospice holds certain powers of election and approval in connection with the governing body of homecare and hospice foundation. These powers are presented in detail in the foundations's governing documents which the foundation makes available to the public upon request. Form 990, part vi, section b, line 11b the form 990 is prepared in conjunction with pricewaterhousecoopers llp and reviewed internally by management. It is then sent to the board of trustees for their review. The form 990 is reviewed at a meeting of the board of trustees prior to filing. Part vi, section b, line 12c annual conflicts of interest statements are required to be completed by all trustees, officers, directors, key employees, and other interested persons. Any conflicts arising are referred to the governance committee for resolution. If deemed necessary or advisable, conflicts may be referred to the main line health board for resolution.”

“The process for determining the compensation paid to the ceo, top management officials and key personnel of the organization is as follows: the human resources and compensation committee of the main line health board, using the services of an independent executive compensation consulting firm and both national and regional healthcare delivery market comparable compensation data, is responsible for the evaluation and determination of senior executive benefits and compensation for the ceo, evp and chief financial officer, hospital presidents, and senior vice presidents. After review and deliberation, the committee documents its compensation decisions and reports to the full main line health board of governors. The compensation paid to key personnel of main line health system and affiliates is similarly determined using market survey data representing comparable positions in similar organizations as provided by independent consulting firms. Compensation recommendations at this level are reviewed and recommended by mlh compensation function to members of senior management. Form 990, part vi, section c, line 19 the organization makes its governing documents and financial statements available on request. Form 990, part vii compensation reported on part vii and schedule j of form 990, as it relates to certain officers and trustees of the foundation, is paid by affiliates of main line health system, specifically main line health homecare and hospice and main line services, for services provided to the compensating organizations and other affiliates of main line health system. Form 990, part vii, section a, column b the compensated officers devote their time to all the organizations within main line health system and, as such, the total hours worked by the officers, across all of the organizations, cumulatively represent their full-time employment status.”

“SEE Schedule N”

“The ($633,690) consists of $90,229 t/r contributions, $183 t/r investment income, ($182,568) t/r assets released from restrictions, and ($541,534) transfer of net assets to mlh homecare & hospice.”