Mather Lifeways

“Members or Stockholders Mather Foundation is the sole member of the organization and in this capacity elects and removes the organization's directors and approves major actions of the organization.”

“Members or Stockholders Who May Elect Mather Foundation is the sole member of the organization and in this capacity elects and removes the organization's directors whether periodically, or as vacancies arise, or otherwise.”

“Decisions Subject to Approval Mather Foundation is the sole member of the organization and in this capacity elects and removes the organization's directors and has the right to approve or ratify decisions of the organization's governing body.”

“Form 990 Review Process The Form 990, including schedules, was distributed to the members of the Audit Committee of the Board of Directors. The committee met with management and reviewed the Form 990. Subsequently, the form 990 was distributed to each director. All comments and questions were directed to the organization's Chief Financial Officer.”

“Conflict of Interest Policy Monitoring & Enforcement Annually all board members, officers and senior staff must disclose any interests that could give rise to conflicts. Any actual, potential, or apparent conflicts are referred to the CEO and President, the Board Chair and Chair of the Governance Committee, who take appropriate action, including discussing with the full board, when necessary.”

“Process for Determining Compensation Mather LifeWays follows procedures to establish the "rebuttable" presumption of reasonableness described in the Income Tax Regulations in determining executive compensation. Compensation is reviewed annually by the Board's Compensation Committee, which consists of independent directors who obtain and rely on appropriate data as to comparability. Objective evidence of reasonableness and comparability is obtained from information provided by an independent, third party compensation consultant. Determination of executive compensation involves benchmarking with comparative market compensation data to ensure that compensation is fair, equitable, and within the standards of compensation utilized within the industry. Compensation decisions include contemporaneous substantiation of the deliberation and decision, with decisions reviewed with the full board.”

“How Documents are Made Available to the Public The organization's articles of incorporation, bylaws, conflict of interest policy, and audited financial statements are available upon request.”

“Other Changes in Net Assets or Fund Balances FASB 158 Pension Funding 1,864,174. Changes in Split Interest Agreements -41,632. Changes in Future Service Obligation -221,832. Miscellaneous -1,000. --------- Total 1,599,710.”