Samaritan Hospital Foundation

“The samaritan hospital foundation is organized as a supporting organization to the samaritan regional health system (a subsidiary of university hospitals health system, inc.). Samaritan is the sole member of the foundation. Directors of the foundation board of directors hold office until the annual meeting of the foundation board in the year their service term as a director expires.”

“The samaritan hospital foundation board elects each individual to hold office as a director on the foundation board, with the exception of one member. University hospitals appoints one additional member to the foundation board.”

“The foundation's board, in consultation with smaritan regional health system, has the authority to: 1. Monitor and enforce university hospitals health system's obligations, covenants and agreements to samaritan regional health system, the samaritan affiliates, and the foundation. 2. Control and make investment decisions to the foundation's corpus in accordance with its constitutive documents. 3. Control and make funding decisions of the foundation. 4. Control and manage daily operations of the foundation. 5. Develop, authorize and approve the strategic plan for the foundation. 6. Establish, authorize and approve the annual capital and operating budgets of the foundation. 7. Elect or appoint and re-elect or re-appoint the directors of the foundation board, and remove and replace the same, in accordance with the approved foundation board member criteria and eligibility requirements as set forth in the code of regulations. 8. Appoint or terminate (as approved in good faith by samaritan regional health system)the president and other officers of the foundation in accordance with the code of regulations.”

“The 990 is reviewed at the board of directors meeting with sufficent time to make any and all inquiries regarding the information contained therein. A copy of the form 990 is available to each board member before it is filed. A final copy is furnished to university hospitals health system.”

“On an annual basis, board members sign a conflict of interest disclosure statement or when they first join the organization. At every board meeting, board members disclose any new conflicts that may have arisen. Should a conflict of interest arise, board members will abstain from voting on the topic.”

“The board chair has assessed the four main services provided by the president consisting of investment monitoring, foundation management, development, and gift planning, which requires that the president be a certified financial planner. As these functions normally are not all carried out by a single individual, the board places a value on these functions as consulting services, which determines the president's compensation. No benefits are paid to or on behalf of the president, with the exception of bureau of workers' compensation coverage. There are no other officers or key employees in the organization, therefore question 15b has been answered 'no'. The last compensation review was completed in 2018.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Compensation of certain directors who earned salaries as employees of related organizations can be found on the consolidated compensation reporting of the university hospitals health system, inc. Group return, ein 90-0059117.”

“The foundation's mission is to provide financial support to samaritan regional health system and to provide health and wellness initiatives to the ashland county community. During fiscal year 2018, the foundation provided 2,133,495 in grants and scholarships to the hospital and the local community. Additional funding was provided to ashland county non- profit and governmental agencies to improve the health and wellness of the community.”