Rush Copley Foundation

“The ceo/vps of the organization and key senior management are compensated by copley memorial hospital. Copley memorial hospital follows a compensation approval procedure annually that involves approval of proposed and final compensation arrangements by its compensation committee and full board of directors using comparability data, as well as contemporaneous documentation of compensation decisions in minutes.”

“MANY OF THE PERSONS LISTED ON PART VII HAVE A "BUSINESS RELATIONSHIP" WITH EACH OTHER BY VIRTUE OF THEIR EMPLOYMENT AND/OR SITTING ON RELATED RUSH COPLEY MEDICAL CENTER ENTITY BOARDS. - Business relationship”

“Reserved powers over certain management duties have been delegated to rush university system for health ("rsh") as the parent entity for the rush system. These duties include approving various rcmc actions, including rcmc's operating budget and certain transactions, appointment of certain rcmc executives, appointment of rcmc's board members, etc.”

“Rush copley medical center ("rcmc") is the sole corporate member of copley memorial hospital, inc. ("cmh"), rush copley medical group, nfp ("rcmg"), copley ventures, inc. ("cv"), and rush copley foundation ("rcf").”

“Rush copley foundation's board of directors are elected by the governing board of rush copley foundation's sole corporate member, rush copley medical center, at the annual meeting of the governing board of rush copley medical center.”

“The president of rush copley foundation is the ceo of rush copley foundation's sole corporate member, rush copley medical center any repeal or amendments to the bylaws or the articles of incorporation of rush copley foundation requires approval of rush copley foundation's sole corporate member, rush copley medical center.”

“The form 990 tax return is prepared by our organization and reviewed by our external tax advisor. A draft of the form 990 is provided to management for review and comment. The board of directors is provided with an approved copy of the form 990 before it is filed.”

“Annually, board members, directors, management team (administration, directors and managers) and other key employees of rush copley medical center and subsidiaries ("rcmc") are required to submit a conflict of interest disclosure statement to disclose any personal or business interests that may give rise to a conflict with the work they do for rcmc. The disclosures are submitted and reviewed by the corporate integrity officer, who is an employee of copley memorial hospital but represents rush copley medical center and subsidiaries, and a report is submitted to the executive committee of the board of directors of rcmc. Those key personnel with conflicts are advised to recuse themselves from participating in decision-making related to the conflict.”

“Form 990 is available upon request. The organization does not make its governing documents or conflict of interest policy available to the public. Copies of the financial statements (whether or not audited) are provided upon reasonable request such as for a bank loan or to a bond rating agency.”

“Although the organization does not receive standalone gaap financial statements, it does receive annual consolidated financial statements prepared in accordance with gaap that have been audited by independent auditors.”

“Copley memorial hospital and the state of illinois capital development board have entered into a grant agreement dated january 16, 2022. The grant states that copley memorial hospital shall receive a maximum of $7,300,000 specifically to be used for new construction. As of 06/30/2023, the project achieved a construction milestone where $2,555,000 was to be received.”