Abraham Lincoln Healthcare Foundation

“The membership of the corporation consists of one corporate member, memorial health system.”

“The corporate member of the corporation elects the board of directors.”

“The bylaws of the corporation require the advance approval of the corporate member of corporate, administrative and operational actions which include, but are not limited to, the establishment of, and amendment to, rules and regulations governing the principal and income of the corporation's funds; the borrowing of any sum, the principal of which exceeds $500,000, or which has a stated term of greater than one year, or which is secured by a mortgage of all or any portion of the corporation's real property or the creation of a security interest in the corporation's assets, including personal property and revenues, for the benefit of the lender, lessor or vendor, or the defeasance, advance payment or cancellation of any outstanding debt of the category described herein; any guaranty of any debt exceeding $250,000; the voluntary dissolution, merger, consolidation, sale or transfer of any or the corporation's assets which exceeds one percent of the corporation's total assets or any creation of a subsidiary or affiliate of the corporation; the approval of all annual and long term capital and operational budgets and strategic plans; any amendment to the articles of incorporation or bylaws of the corporation; the selection of or change of independent auditors; any agreement or transaction, either of which of a material nature, with another corporation controlled by or affiliated with the corporate member or which is a subsidiary or affiliate of the corporate member; and any general plan for the solicitation of charitable contributions and the acceptance of a contribution which imposes a material obligation.”

“Management prepares and reviews the return. An outside tax advisor then reviews the return, providing comments and guidance as needed. Alhf board members are then provided with a final copy of form 990 and its supporting schedules for review at a regularly scheduled board meeting. Review, discussion, and ratification of the form are an agenda item.”

“All officers, directors and key employees of the corporation are required to review the conflict of interest policy and complete a specific disclosure statement which is attached to the policy. Abraham lincoln memorial hospital foundation monitors and enforces its conflict of interest policy by identifying any potential conflicts at the time each meeting is called to order. Any officer or director who has a conflict is notified of such conflict, as well as their obligation to abstain from the discussion and vote on any conflicted issues(s). Such abstention(s), if required, are documented in the minutes of each meeting. Board members are also required to update their conflict of interest disclosure statements promptly in the event of any change in personal or business activities that would require such disclosure.”

“The corporate member of the corporation has appointed a leadership compensation committee and has delegated to it the responsibility of administering, overseeing and approving all forms of compensation and benefits provided to executive leadership, including the chief executive officer and the chief financial officer. The corporate member's board of directors has adopted a leadership compensation philosophy statement describing the role and responsibilities of the committee. This philosophy expressly states the committee's intent, on behalf of the corporation, to take all the steps necessary to qualify for the rebuttable presumption of reasonableness under the federal income tax law intermediate sanctions rules. The committee analyzes every element of compensation (including current, incentive and deferred compensation) and benefits (including qualified and non-qualified benefits). The committee conducts its review and approval process at least annually and approves compensation and benefits only to the extent that the committee has concluded that the compensation and benefits constitute no more than reasonable compensation for each executive. In connection with the most recent review and approval process, the committee received professional advice from an independent consultant and outside legal counsel. The committee consists entirely of disinterested members of the board or disinterested committee members who under state corporate law may serve on such a committee. The committee works with its compensation consultant to prepare and review in advance comprehensive data showing the compensation provided by similarly situated organizations for functionally similar positions. The committee also prepares a timely and thorough written record of its procedural criteria necessary to qualify for the rebuttable presumption of reasonableness under the federal income tax law intermediate sanctions rules.”

“The governing documents of abraham lincoln healthcare foundation d/b/a lincoln memorial foundation, such as articles of incorporation and any amendments thereto, are available to the general public through the illinois secretary of state's office. These governing documents, as well as the bylaws, conflict of interest policy and financial statements, are available upon request from the corporation. These documents are available for the same period of time as set forth in irc section 6104(d).”

“Change in value of charitable life insurance 804. Change in value of split interest agreement -237,310. Recoveries of prior year grants 410.”