Chmc Anesthesia Foundation Inc

“The Trust's initial trustees were appointed by the Foundation. Successor trustees, the successor Anesthesiologist-in-Chief and the Division Heads of the Anesthesiology Department, would be appointed by Boston Children's Hospital, the primary beneficiary of the Trust. If a Division Chief resigns or ceases to be an employee of the Foundation, the Assistant Chief of the applicable division, a person appointed by Boston Children's Hospital, becomes the successor trustee. The Foundation can remove a Trustee, but has no authority to appoint his or her successor. As a result, at some future point in time, a majority of the individuals who are trustees of the Trust will be appointed by Boston Children's Hospital, but will continue be subject to removal by the Foundation.”

“The Trust does not have any committees with the authority to act on behalf of the governing body.”

“The detailed review will be conducted by a Trustee; the Senior Director of Foundation Financial Operations & Strategy Planning; and the Director of Finance. The Physicians Organization at Children's Hospital, Inc. will review the Form 990 with the Trustees. The detailed review will be conducted before filing the return with the Internal Revenue Service.”

“The Trust follows the conflict of interest policies of CHMC Anesthesia Foundation, Inc. The Trustees are required to file disclosure statements annually and have an affirmative obligation to disclose any situation in which they may have a conflict of interest. In the event of a conflict, the Trustee with the conflict cannot vote on any matter related to the conflict.”

“The Trust maintains all governing documents at its main office at 300 Longwood Avenue, Boston, MA 02115. The documents are available upon request.”

“The Trust is amending its 2021 Form 990 for the period ending September 30, 2022 to reflect necessary changes in its financial activity and holdings for the period in question that came to light after the return was originally filed. The original Form 990 filing reported financial activity and investment holdings whose transfer was not completed prior to or during the period as originally reported. Specific changes made to the Trust's amended 2021 Form 990 from its originally filed return are as follows: Heading Box G: was changed from $396,057 to $0 Part I, Line 10: was changed from $396,057 to $0 Part I, Line 12: was changed from $396,057 to $0 Part I, Line 17: was changed from $160,861 to $0 Part I, Line 18: was changed from $160,861 to $0 Part I, Line 19: was changed from $235,196 to $0 Part I, Line 20: was changed from $67,514,114 to $0 Part I, Line 22: was changed from $67,514,114 to $0 The Prior Year columns of the above referenced lines were also updated to reflect changes based on the Trust's prior year return which was also amended. Part IV, Line 11b: was revised to be answered as "no" Part VII, Section B, Line 1: was revised to remove the information previously listed. Part VII, Section B, Line 2: was changed from 1 to 0 Part VIII, Line 3: was changed from $396,057 to $0 Part VIII, Line 12: was changed from $396,057 to $0 Part IX, Line 11f & Line 25: were changed from $160,861 to $0 Part X, Line 2: was changed from $16,537,359 to $0 Part X, Line 12: was changed from $50,976,755 to $0 Part X, Line 16: was changed from $67,514,114 to $0 Part X, Lines 27, 32, and 33: were changed from $67,514,114 to $0 The Prior Year columns of the above referenced lines were also updated to reflect changes based on the Trust's prior year return which was also amended. Part XI, Line 1: was changed from $396,057 to $0 Part XI, Line 2: was changed from $160,861 to $0 Part XI, Line 3: was changed from $235,196 to $0 Part XI, Line 4: was changed from $79,565,143 to $0 Part XI, Line 5: was changed from -$12,286,225 to $0 Part XI, Line 10: was changed from $67,514,114 to $0 Schedule D, Part VII, Line 3: information originally reported was removed.”

“The Trust is part of a consolidated audited financial statements with CHMC Anesthesia Foundation, Inc. and affiliates. Oversight of the audit is conducted at the Physicians Organization at Children's Hospital, Inc. and Foundation level. The audit process has not changed from the prior year.”