Heritage Valley Health System Foundation

“Heritage valley heath system foundation qualifies as a tax-exempt organization under section 501 (c) (3) of the internal revenue code (the "code") and, therefore, is exempt from income tax on related income pursuant to section 501 (a) of the code. Heritage valley heath system foundation does not have any material uncertain positions as of june 30, 2024 and 2023.”

“Board designated assets are unrestricted funds under the control of the board of directors. The majority of these funds are held in the master trust. The remaining funds are in the checking and money market accounts. All interest, realized gains/losses, and unrealized gains/losses associated with these funds remain as board designated funds. Donor restricted specific purpose funds are composed of both temporary and permanently restricted funds. All funds earn interest, realized gains/losses, and unrealized gains/losses. Interest can be restricted by the donor, in which case it remains in the fund. The donor determines the interest classification at the time of the donation. The majority of the funds are held in the master trust with the remainder being in the checking account or money market accounts. Cardiology fund -restricted for heritage valley sewickley cardiology/cardiac rehab but otherwise unrestricted. Capital project fund - to be used to fund purchases of items designated through approved heritage valley sewickley capital budget. Dallas/oliver nursing fund - restricted for use of heritage valley sewickley nurses. Emergency department fund - for emergency department use to benefit children at medical director's discretion and for funding emergency department program & equipment needs for heritage valley sewickley. Equipment fund - restricted for heritage valley sewickley equipment purchases. Irwin s. Terner memorial eye glass fund - restricted to purchase of eyeglasses for those that are unable to pay. Referrals to access this fund must be sent to case management of hvs for evaluation of patient's needs. Ophthalmologists on staff provide glasses at cost. Oncology fund - restricted for use for hv sewickley inpatient oncology services. Or/lab - restricted endowment. Restricted to use for the benefit of the heritage valley sewickley operating rooms and the laboratory, but otherwise unrestricted. Nursing education fund - restricted to use to support the continuing educational and career development needs of nurses at the heritage valley health system, inc. And for student nurses completing educational rotations throughout the heritage valley health system, inc. But otherwise unrestricted. Dr. Sidney selkovitz endowed fund - permanently restricted endowed fund to benefit hvs. Principal will remain intact for perpetuity & interest income used annually to further the good work of hvs. The fund will be available for additional gifts for family, friends, & former patients who wish to pay tribute to dr. Selkovitz. Speech therapy fund - restricted to hv sewickley speech pathology but otherwise unrestricted. Elizabeth s. Standish fund - restricted endowment. Income only to be used annually by the board for capital projects for hv sewickley. Staunton clinic fund - restricted to use for staunton clinic at hv sewickley. Temporary restricted fund - temporary hold for auxiliary and unique boutique donations until funds used for assigned projects; and formerly used to hold founders society donations (prior to 2000). Also temporary hold for staunton farms electronic health record grant. Community health services fund - pediatric asthma program; diabetes program; pregnancy health services program; community advanced illness program; pediatric obesity program. Cancer treatment center benevolent fund - purpose: to be used to assist heritage valley beaver patients who have exhausted their personal resources to battle cancer by assisting with transportation, medication or equipment needs. Allocations are based on recommendations from hospital case managers and cancer treatment center nursing. Restrictions: pharmacy staff must be notified when prescription funding is required and the medication will be provided at a cost with a separate bill sent to the foundation. Development fund - restricted for equipment and building (capital) needs for hvb. Emergency department fund - to provide funding for equipment and program needs for hvb emergency de”

“O'leary family education endowment - restricted endowment. Annual income to be used to provide unrestricted support to the heritage valley beaver foundation. Murdock operating room renovation fund - restricted for use for operating room renovations of hvs. Permanently restricted endowments - #2 trust to be used exclusively for the rehabilitation of existing facilities, construction of new buildings, providing for special equipment and services and for expenses of deserving patients of hvb. The trust is irrevocable but may be terminated at any time by the donor. Permanently restricted endowments - #3939 established for rochester general hospital (predecessor hospital) to be used for the construction of new buildings, rehabilitation of existing facilities, provide for special equipment and services, and such other purposes as the donor shall from time to time designate for hvb. Lida mchattie - permanently restricted endowments - receives 1/6th share of the net income per quarter for hvb. Arthur e. Mayer - permanently restricted endowments - established in 1964. Restricted for hvb. Mayer society (oncology) - permanently restricted endowments - cash gift to heritage valley beaver foundation's endowment by murray & cecyl thaw. In honor of their children - deborah and robert. Income is restricted to hvb oncology. John 'tito' & birdie francona memorial fund - annual income to be used primarily for hvb cardiology and oncology departments. Funds held by vmf facilities under control of heritage valley health system foundation. Craig family memorial fund - restricted endowment. Income only to be used for hvs staunton clinic. The medical director of the clinic shall propose the use of such funds, and their expenditure will be made in accordance with the usual practices of hvs. William k. Fitch memorial fund - restricted endowment. Annual interest income to be used to encourage, stimulate and aid the governing board of hvs to maintain a position of being ever alert to changing opportunities for contributing to the health of the community served by hvs. Van kleeck blood bank memorial - restricted endowment. Income earned by the fund to benefit hvs blood bank by authorization of the president. Interest & principal invested with interest earnings reinvested until needed. Principal shall not be expended; however, should some extraordinary need arise in connection with the operation of the blood bank, it is understood that the hospital's board may authorize the expenditure of the principle to meet that need. The following funds are related to the heritage valley health system foundation, but are under the control of various organizations. Hvs has been the recipient of various trusts: 1. Martha lockhart mason trust (bny mellon) 2. Martha lockhart mason trust (pnc bank) 3. Blair e. Bell trust (bny mellon). The three trusts, the mason (1&2) and bell (3) trusts, are irrevocable trusts. Heritage valley sewickley is a partial beneficiary of the income distributions from these trusts. These trusts are not under the control of any entity within the valley medical facilities system. The income distributions from these trusts are recorded as unrestricted income. Funds held by heritage valley health system foundation for use by heritage valley kennedy: continuing education fund - to support education needs of heritage valley kennedy employees. Continuing medical education fund - to support educational needs of heritage valley kennedy employees. Provenzano education fund - to support education needs of heritage valley kennedy employees. Educational software, speakers, training classes, capital equipment related to education. Stitely staff education fund - to support education needs of heritage valley kennedy employees. Educational software, speakers, training classes, capital equipment related to education. Son alumni association fund - to be used by heritage valley kennedy school of nursing. Son graduation award ronita diclemente nursing fund - to be used”