Shadyside Hospital Foundation

“The following family relationships were identified between board members: -g. Nicholas beckwith, iii and dorothy b. Beckwith -william m. Cooper, iii, mikell cooper schenck, and cooper schenck munroe -james f. Hilliard, nina fisher hamilton and patrica duggan -w. Duff mccrady and john a. Rudolf”

“The foundation manager reviews the 990 for completeness and accuracy and a copy is provided to the board of directors prior to filing with the irs.”

“Conflict of interest statements are completed annually by board members and retained in the foundation offices. The executive director monitors the process. Family and business relationships are expressly mentioned in the policy. The executive director and the chairman review any identified conflicts. If during the course of any given year a covered person becomes aware of a new or potential or otherwise undisclosed individual interest, the covered person must promptly and appropriately update the conflict of interest disclosure statement. Any board member or officer having an actual or potential conflict of interest shall not be present during the discussion of, and the vote on, the transaction or arrangement involving the conflict of interest.”

“The compensation program for all employees meets the unique needs of the organization and has the goal of providing a compensation program that is market-competitive and equitable with the purpose of attracting and retaining qualified staff members and of ensuring that compensation does not exceed fair market value. The compensation committee reviews the compensation of the executive director. The committee compares the compensation with other organizations in the area. The process and approval is documented in the committee minutes. For other employees, compensation is documented and determined by the chief of human resources, administrative service officer and chairperson to the board of directors of the shadyside hospital foundation.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Shadyside hospital foundation does not have any of its own employees providing services to the organization. The organization does not file its own form w-3. The employees providing services to shadyside hospital foundation are employed by upmc presbyterian/shadyside, a related tax exempt organization. These employees receive their w-2s from upmc presbyterian/shadyside.”

“Change in value of split interest agreements -272,283.”