Edward Foundation

“Edward foundation's sole corporate member is edward-elmhurst healthcare, an illinois not for profit and 501(c)(3) tax exempt corporation.”

“Edward foundation's sole corporate member, edward-elmhurst healthcare, may elect, remove and replace members of the board of directors of edward foundation.”

“The board of directors of edward foundation's corporate member, edward-elmhurst healthcare ("eeh"), has the following exclusive powers over edward foundation ("foundation"): - elect, remove, and replace, directors of the foundation. - approve amendments to the articles of incorporation proposed by the board of directors of the foundation. - approve a plan of dissolution or liquidation of the foundation or a plan of merger or consolidation of the foundation with another corporation. In addition, the foundation board of directors may not take any of the actions listed below, without obtaining the prior approval of eeh: - adopt, or permit the adoption of, any annual or long term capital or operational budget of the foundation or of any affiliate or subsidiary of the foundation; - adopt, or permit the adoption of, any variance from any annual or long term capital or operational budget of the foundation or of any affiliate or subsidiary of the foundation previously approved by eeh which would result in the expenditure of funds exceeding in the aggregate during the relevant term of any such budget the greater of ten percent (10%) of the total budgeted operating expenses or such dollar limit as eeh may establish by resolution at the time it approves such budget; - authorize or permit the foundation or any affiliate or subsidiary of the foundation to enter into any contract which is not provided for in an annual or long term capital or operational budget approved by eeh where the amount involved exceeds in the aggregate one hundred thousand dollars ($100,000) or such other dollar limit as eeh may establish by resolution at the time it approves such budget; - adopt, or permit the adoption of, any new, or any substantive changes to the strategic plans of the foundation or of any affiliate or subsidiary of the foundation; - adopt, or permit the adoption of, any new, or any substantive changes to the marketing plans of the foundation or of any affiliate or subsidiary of the foundation; - authorize the foundation or any affiliate or subsidiary of the foundation to enter into any transaction providing for or requiring a certificate of need which is not provided for in an annual capital or operational budget approved by eeh; - organize or acquire, or authorize or permit the organization or acquisition of, any affiliate or subsidiary of the foundation; - approve, or permit the approval of, any long term borrowing of money for capital needs by the foundation or by any affiliate or subsidiary of the foundation; and - approve, or permit the approval of, any contributions, grants or loans to entities other than eeh.”

“A draft of the full form 990 was provided to the Edward-Elmhurst Healthcare audit committee, and was reviewed with the assistance of Crowe Horwath. Following review by the audit committee, and prior to filing, a final copy of the form 990 was then provided to the full board of trustees of the Edward Foundation, and key components of the form 990 were also reviewed.”

“EDWARD-ELMHURST HEALTHCARE, ON BEHALF OF ITSELF AND ALL AFFILIATES, MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH ANNUAL REPORTING, AND ONGOING EDUCATION. Each year, Edward-Elmhurst Healthcare conducts an annual conflict of interest review. This process involves requiring all trustees, officers, key employees, employed physicians, certain other physicians, and management level employees to complete an electronic conflict of interest questionnaire. The System Director of Internal Audit and Corporate Compliance facilitates the completion of a questionnaire by all required individuals, and if no questionnaire is completed, the matter is reported to the individual's supervisor up to and including the Board of Trustees. Disclosures made on the questionnaire are evaluated by a conflict of interest workgroup comprised of the System Director of Internal Audit and Corporate Compliance, the System Executive Vice President and Chief Financial Officer, the General Counsel, and the Deputy General Counsel. Disclosures made by trustees, officers and key employees are evaluated by the trustees, officers and key employees are evaluated by the Executive Committee of the Board of Trustees or its designee. The evaluations may result in actions being taken up to and including the development of a management plan accepted by the individual making the disclosure or termination of the disclosed relationship or conflict. In cases where an actual or potential conflict of interest is identified, the conflicted individual is educated about how they should raise this issue if they are ever in a position where their conflict may be implicated. Conflicted individuals must recuse themselves from voting, but, at the discretion of the Board, may be permitted to participate in discussion about matters in which they have an actual or apparent conflict. In addition to this annual reporting, all individuals noted above are advised that, pursuant to the conflicts policy, they are required to report to the system director of internal audit and corporate compliance any actual or potential conflicts of interest as they may arise throughout the course of the year.”

“Executive compensation, including the President and all officers of Edward-Elmhurst Healthcare ("Senior Management") is managed by the Edward-Elmhurst Healthcare ("EEH") Board of Trustees ("Board"), on behalf of EEH and all of its affiliates. On an annual basis, the Board reviews compensation arrangements, including the compensation award for the EDWARD FOUNDATION Executive Director for the coming year. The Board conducts the review in a manner that will qualify for the rebuttable presumption of reasonableness under the Intermediate Sanction Rules of Section 4958 of the Internal Revenue Code. To that end: - The CEO and all other members of Senior Management may participate in this review process and be present at meetings of the Board only if and to the extent necessary to answer questions and provide other information the Board needs for its analysis, assessment and deliberations, and they must otherwise recuse themselves from Board meetings during Board debate and voting on compensation arrangements. - Any Board member identified as having a conflict shall participate in the process only to the same extent as members of Senior Management. - The Board conducts the review with the assistance of an experienced and independent compensation firm, which summarizes its analysis and findings in writing to the Board. - The Board obtains and relies on current comparable market compensation data from appropriate peer organizations for each compensation component prior to making its determination. Relevant information will include compensation levels paid by similarly situated organizations, both taxable and tax-exempt, for functionally comparable positions; the availability of similar services in the geographic area served by EEH; current compensation survey compiled by an independent firm; and, where applicable, actual written offers from similar organizations competing for the services for the members of Senior Management. - The Board also adequately and promptly documents its decision. The documentation states its intention to quality for the rebuttable presumption of reasonableness; the specific terms of the compensation arrangement that were approved; the approval date; the names of the individuals present and those who voted; the specific comparability data obtained and relied upon; and an explanation as to why the approved amounts are considered reasonable if the terms of the compensation arrangement differ from the comparability data. In addition, the Board periodically reviews the Executive Compensation Plan, including the philosophy, for (a) compliance with applicable laws and regulations, and (b) alignment with EEH's mission, charitable purposes, goals and strategies. Based on the review, the Board approves any changes in one or more components of the plan or the plan philosophy that the Board considers necessary and appropriate relative to one or both of these criteria. Other individuals who are officers or key employees of EDWARD FOUNDATION, but are not a part of EEH Senior Management are compensated with a competitive base salary, along with an incentive plan, which is reflective of EEH's market as determined by a review of independently gathered market compensation survey data. At the time of hire, the salary determination is made by giving consideration to the experience pertinent to the role for which the individual is to be hired, also considered are niche skills or experience the individual brings to the organization. Supply and demand will also play a role in determining the hiring rate of pay. Based on these factors, the EEH Human Resources department, which supports EEH and all of its affiliates, will assign the key employee to an appropriate pay grade, and a rate of pay will be offered within that pay grade. On a periodic basis, the EEH Human Resources Department works with an independent third party compensation consultant to conduct a thorough market review of all positions which are not considered Senior Manag”

“Please see the narrative to Form 990, Part VI, Line 15a.”

“Currently, the organization's governing documents and conflict of interest policy are available upon request. If a request is received for this information, it is forwarded on to either the legal department or the finance department, and the materials would then be provided to the requestor. Audited financial statements are available on the emma (electronic municipal market access) website at www.emma.msrb.org.”

“Our volunteers work in a large majority of areas throughout the edward-elmhurst healthcare system. The responsibilities of the volunteers vary, dependent on the area they are volunteering in and the projects to be completed. Volunteers have assisted with clerical work, data entry, meeting and greeting, friendly visits, escorting and providing general information to patients and visitors. We track our volunteer hours monthly. All of the volunteers sign in and out each shift and we collect the sign in sheets at the end of the month. Throughout the system, for the fiscal year ended june 30, 2015 our volunteers gave 131,000 hours of service.”

“(Expenses $ 498,750 including grants of $ 498,750) OTHER ACTIVITIES RELATED TO RECEIVING DONATIONS AND DISTRIBUTING FUNDS IN ACCORDANCE WITH DONOR INTENT IN SUPPORT OF 501(C)(3) HEALTH CARE ORGANIZATIONS THAT ARE AFFILIATED WITH EDWARD-ELMHURST HEALTHCARE.”