Fisher-Titus Foundation

“The sole member of fisher-titus foundation is the parent company fisher-titus health, an ohio non-profit corporation”

“The board of directors shall be composed of those individuals who are voting directors of the member at any time, as determined under the code of regulations of the member.”

“The following powers are reserved exclusively to the member (fisher-titus health): a) to elect the directors of the corporation and to remove them at will or without cause; b) to amend or repeal the articles of incorporation and the code of regulations; c) to approve the annual operating and capital budgets of the corporation d) to approve any capital or other extraordinary expenditures; e) to approve any merger of the corporation or any sale of substantially all of its assets and f) to dissolve or terminate the existence of the corporation and to determine the distribution of asstes upon termination.”

“The board of directors of the fisher-titus foundation delegated the responsibility for the review of the fisher-titus foundation's form 990, plus all required schedules and attachments, to the fisher-titus audit committee. The members of this committee have a strong background in accounting, legal, finance, and business and have the technical expertise to perform a substantive review. The audit committee reviewed the foundation's form 990 prior to filing and reported to the foundation's board of directors regarding the results of their review. In addition, each member of the foundation's board of directors had access to a copy of the form 990 for viewing prior to filing via a secure internet website.”

“All of our affiliated corporate board members are required to complete a conflict of interest statement upon joining the board and annually throughout their tenure. These are retained by fisher-titus medical center administration. Areas of conflict are reviewed and addressed as necessary for the transactions of the board. When an area of conflict arises, board members are excused and prohibited from participating in the board's deliberations and discussions regarding the area of conflict.”

“The fisher-titus foundation officers receive all of their compensation from the fisher-titus medical center, (ftmc) a related organization. Such compensation is subject to the guidance of the personnel committee of the fisher-titus health board. The committee retains an independent executive compensation consultant to help establish cash compensation target ranges and identify reasonable and customary benefit programs for executives. The independent consultant reports to the personnel committee on relevant peer groups, cash compensation reported in available salary surveys for the peer group, and trends in benefits and perquisite programs customarily available among the peer group for executives. Recommendations by the consultant are presented to the personnel committee which prepares minutes of its deliberations regarding executive compensation including recommendations that are provided to each of the directors of fisher-titus health. The recommendations to be acted on must be approved first by the joint personnel committee and then by the fisher-titus health's board of directors. The minutes of each board meeting where action is taken reflect such action. The process is performed annually and was last done in march 2020.”

“As required, we offer a timely response to written requests for copies of the 990, as well as having them available on the premises for the public to review & on the guidestar internet website.”

“Our conflict of interest, code of regulations, governing documents & financial statements are available upon written request.”

“Change in value of annuity liability -9,227.”