Mercy Foundation Inc

“Michelle m. Murphy, board member, and constance murphy, officer, have a family relationship.”

“The sole member of mercy foundation, inc. Is mercy health system of chicago. See line 7 for additional information.”

“Mercy health system of chicago is the sole member of mercy foundation, inc. Mercy health system of chicago must approve all candidates elected as board members or officers of mercy foundation, inc.”

“As sole member, mercy health system of chicago must approve certain decisions of the governing body, including the annual capital plan and annual operating budget. Mercy health system of chicago must also approve significant changes such as a merger, dissolution, sale of assets in excess of certain limits and modifications to governing documents.”

“Prior to filing, the form 990 for mercy foundation is reviewed by management. A final draft of the form 990 is made available in the office of mercy foundation for all board members to review, ask questions, and provide comments. All board members are notified via e-mail when the form 990 is available for review.”

“Mercy foundation, inc. Has adopted trinity health's governance policy no. 1, which sets forth the organization's conflict of interest policy and processes. It applies to all "interested persons" of mercy foundation, inc., which includes board members, principal officers, key employees, and members of committees with board-delegated powers. Interested persons are expected to discharge their duties in a manner the person reasonably believes to be in the best interests of mercy foundation, inc. And to avoid situations involving a conflict of interest. On an annual basis, interested persons are required to complete a conflict of interest disclosure statement and to affirm their receipt of the conflict of interest policy, compliance with its requirements, and agree to notify the organization of changes impacting their annual disclosure in accordance with the policy. The annual disclosures are provided to internal legal counsel and the integrity and compliance officer, from which legal counsel prepares a report for the board chair and ceo. A summary of potential conflicts is reviewed with the board of mercy foundation, inc. (or a delegated committee of the board) on a yearly basis. Interested persons are required to make full disclosure to mercy foundation, inc. Of any financial or business interests that might result in or have the appearance of a conflict of interest. The board of mercy foundation, inc. (or a delegated committee of the board) is responsible for the review of transactions to determine whether an actual conflict of interest exists. In the event of an actual conflict, the board (or a delegated committee of the board) will either avoid the conflict or appropriately scrutinize the transaction to ensure it is in the best interests of mercy foundation, inc. Interested persons are required to recuse themselves from discussion and voting on matters involving a conflict of interest. The policy further addresses the proper documentation of the proceedings and potential disciplinary and corrective action for violations of the policy. The policy is available to the public upon request.”

“Questions 15a and 15b are answered "no" because the compensation for certain officers and key management officials of mercy foundation, inc. Is established and paid by trinity health, a related organization. In establishing ceo and cfo compensation, trinity health follows a process and policy that is intended to mirror the irc section 4958 guidelines for obtaining a "rebuttable presumption of reasonableness" with regard to compensation and benefits. As part of that process, the compensation and benefits of the ceo and cfo of mercy foundation, inc. Are reviewed at least annually by the trinity health board or the trinity health human resources and compensation committee (hrcc) of the board, authorized to act on behalf of the board with respect to certain compensation matters. As part of its review process, the hrcc retains an independent firm experienced in compensation and benefit matters for not-for-profit healthcare organizations to advise it in the determinations it makes on the reasonableness of proposed compensation and benefits arrangements.”

“Mercy foundation, inc. Is a subsidiary organization in the trinity health system. Trinity health makes certain of its key documents available to the public on its website, www.trinity-health.org, in the "about us" section. In this section, the consolidated audited financial statements are publicly available. Mercy foundation, inc.'s governing documents and conflict of interest policy are available upon request.”

“Mercy foundation's financial statements were included in the fy15 consolidated financial statements of trinity health, which were audited by an independent public accounting firm.”