Providence Hospitals Development Foundation

“The board of trustees may create an executive committee and delegate any of the authority of the board other than the authority to fill vacancies.”

“The sole member of the organization is the sisters of charity providence hospitals.”

“The sole member has the power of final approval over the election of trustees to the board.”

“The sole member has the power of final approval over the following actions: 1. The borrowing of money or the lending of money, or the issuance, sale, or pledge of notes, bonds, or other evidences of indebtedness, or the securing of any obligations by mortgage, pledge, or deed of trust of all or any of its property, or the guaranteeing or securing of obligations of any person by any such corporation. 2. Purchase or otherwise acquire, lease as lessee, invest in, hold, use, lease as lessor, encumber, sell, exchange, transfer, and dispose of property of any description or any interest in property of any description. 3. The appointment of the executive director of the corporation and any renewal of her/his appointment. 4. The amendment of the bylaws and/or the articles of incorporation of the corporation. 5. The election of trustees for this corporation. 6. Form or become a partner, member, associate, or participant in other corporations' enterprises or ventures, whether profit or nonprofit including, within limitation, the undertaking of active and/or participative membership, sponsorship, or ownership interest in any corporation, association, or other organization by the corporation and the taking of any actions as such a member, sponsor, or owner as are covered by this section. 7. The determination of the corporation's philosophy and mission.”

“The form 990 was made available to board members via the board portal for review and presented at a board meeting with time for discussion.”

“Members of the board of trustees and executive director must sign a detailed conflict of interest statement. The organization requires each member of the board and corporate staff to review the conflict of interest policy and to disclose all interests that could result in a conflict, on an annual basis. All disclosures are reported to the board for review and follow-up, if determined to be necessary.”

“The organization provides copies of its form 990 and related schedules upon request at the organization's administrative office. In addition, recent filings of the form 990 are available online at www.guidestar.org.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public in its office and upon request. All policies are available to organization employees via the local intranet.”

“This process has not changed from the prior year.”