Indiana Healthcare Foundation

“Indiana healthcare corporation ("ihc") is the sole corporate member of indiana healthcare foundation ("ihf").”

“Ihc has the power to fill vacancies, nominate and approve the election of, and approve removal of the board of directors of ihf.”

“Ihf shall obtain the approval of ihc before action on any of the following matters becomes final and effective for ihf: (1) amendment of the articles of incorporation and bylaws; (2) the sale, lease or exchange of all or substantially all of the property or assets of ihf; (3) merger or consolidation with any other corporation; (4) dissolution of ihf; (5) approval of an annual budget for ihf; (6) any transfer of funds by grant, gift, or loan from ihf; (7) voting any membership or shareholder interest held by ihf in any other corporation; (8) any other matter that by law would require the approval of members of a nonprofit corporation.”

“The return was reviewed in detail by the director of finance/controller and reviewed by the cfo. Each board member was notified that the return was available for review on the "board shared drive" before filing with the irs.”

“Every member of the board, and every individual appointed to the board or board committees, as well as all key management personnel and physician leaders, are required to execute a conflict of interest disclosure statement, which will be updated at least on an annual basis or as additional conflicting interests arise. In addition, every member of the board will specifically acknowledge the conflict of interest policy and his/her attempt to abide by it by signing the acknowledgement form. Every board committee member, officer, key management employee, and physician leader is required to sign this acknowledgement as well. The acknowledgement and disclosure forms will be kept on file by the chief executive officer, and the chairman and vice-chairman will be familiar with the statements that are filed by board members in order to guide their conduct in the event a conflict arises. Every person covered by this policy shall submit in writing to the chief executive officer a conflict of interest disclosure statement listing all financial and conflicting interests. Each statement will be resubmitted with any necessary changes each year or as any additional conflicting or financial interests arise. The chairman of the board shall become familiar with all such disclosure statements in case a conflict arises. The vice chairman of the board shall be familiar with the disclosure statement filed by the chairman. Penalties for non-compliance: failure to comply with this policy shall constitute grounds for removal from office and, in the case of key management personnel, termination of employment.”

“All officers and key employees are compensated by a related entity. Positions for officers and key employees are reviewed on an annual basis. Appropriate comparisons are made on a regional and national level in order to maintain a fair and equitable compensation structure. All recommendations are approved by the board of directors and documented in the board minutes.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“The organization does not file forms 1096 or w-3. All vendors and all employees are paid through a common paymaster/reporting agent. The common paymaster/reporting agent is indiana regional medical center, ein: 25-0965404. Indiana regional medical center is a related, tax-exempt organization.”

“Valuation gain, investment in irrevocable trust 726,729.”