Mather Lifeways

“Significant changes to governing documents the mather articles of incorporation were amended in september 2021 to: - refine the purpose of the organization and to specifically name the supported organizations - expand the dissolution clause and specify the organizations to receive the remaining assets of the organization the mather bylaws were amended in september 2021 and december 2021 to: - update the composition and qualifications of the board of directors”

“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, and related schedules, were prepared by grant thornton llp using information provided by management. The form 990, including schedules, was distributed to the members of the mather foundation 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 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" of total pay packages prior to making its determination. 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 paid to similarly sized and complex organizations. Compensation decisions include contemporaneous substantiation of the deliberation and decision. The compensation of the ceo is reviewed by the full board of directors.”

“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.”

“Capital lease form 990, part x is completed per the audited financial statement presentation. As such, the following capital lease amounts are not included on form 990, part x or schedule d, parts ix and x. Assets lease receivable $364,410,218 liabilities unearned revenue 369,273,703 intercompany payable - the mather evanston 17,834,163 net assets current year net income (3,280,252) accumulated prior year net income (19,417,396)”

“Changes in future service obligation 548,749. Changes in split interest agreements -3,549. Book/tax difference: capital lease 3,280,252.”