Ascension Borgess Lee Foundation

“The process for determining compensation of the organization's ceo, executive director, or top management official, as well as that of any other officers or senior executives (if any), is directed by a related organization. The related organization's board committee responsible for compensation oversees the process, utilizing independent delegees within the organization as appropriate, depending on the role. In some cases, the process may utilize comparability data and analysis from a national third-party compensation firm; or, if more appropriate for the role, it may instead utilize other applicable sources of market comparability data as needed to verify reasonableness. The process also includes contemporaneous substantiation of the analysis and decision regarding the compensation arrangement. Compensation is reviewed at least annually and the process is administered to assure independence, avoid conflicts of interest, ensure reasonableness and market comparability of total compensation, and to otherwise abide by pertinent laws and regulations.”

“The process for determining compensation of the organization's ceo, executive director, or top management official, as well as that of any other officers or senior executives (if any), is directed by a related organization. The related organization's board committee responsible for compensation oversees the process, utilizing independent delegees within the organization as appropriate, depending on the role. In some cases, the process may utilize comparability data and analysis from a national third-party compensation firm; or, if more appropriate for the role, it may instead utilize other applicable sources of market comparability data as needed to verify reasonableness. The process also includes contemporaneous substantiation of the analysis and decision regarding the compensation arrangement. Compensation is reviewed at least annually and the process is administered to assure independence, avoid conflicts of interest, ensure reasonableness and market comparability of total compensation, and to otherwise abide by pertinent laws and regulations.”

“On June 23, 2020, the Board of the Foundation approved and adopted the following changes to their bylaws: The foundation is organized and at all times shall be operated exclusively for the benefit of, to perform the functions of, and-to carry out the purposes of Ascension Sponsor and such other of its subsidiary organizations that qualify under Section 501(c}(3) and under section 509(a)(1) or Section 509(a)(2) of the Code, by and through Ascension and Ascension Healthcare. The Board shall consist of such members not fewer than three (3) or more than twenty-five (25) in number as shall from time to time be fixed by resolution of the Member. Unless otherwise determined by Ascension Healthcare, the Executive Director of the Foundation shall serve as ex officio Board member with vote. The corporate member has the power to decide the following matters: The appointment and removal of members to the board of the foundation; the appointment and removal of the chair of the board of the foundation; The annual performance assessment of the Board of the Foundation; and the appointment, removal and performance evaluations of the Foundation's Executive director. Ascension shall have the power to decide the incurrence of debt by the Foundation. Ascension Healthcare shall have the power to decide the following matters: changes to Articles of Incorporation or Bylaws of the foundation where such changes are not consistent with system policy; the formation of a foundation subsidiary; and major transactions involving the foundation or any foundation subsidiary.”

“Ascension borgess lee foundation has a single corporate member, ascension borgess lee hospital.”

“Ascension borgess lee foundation has a single corporate member, ascension borgess lee hospital, who has the ability to elect members to the governing body of ascension borgess lee foundation.”

“All decisions that have a material impact to ascension borgess lee foundation's financial information or corporation as a whole are subject to approval by its sole corporate member, ascension borgess lee hospital.”

“During the return preparation process, the tax department works with other functional areas which may include, as needed, finance, accounting, treasury, legal, human resources, and corporate compliance for advice, information and assistance in order to prepare a complete and accurate return. A complete final copy of the return is provided to designated management team members with experience in tax, in lieu of the full board.”

“The organization will provide any documents open to public inspection upon request.”

“The organization utilizes an affiliate as the common pay agent. Employees reported in part vii may have duties that impact multiple related entities. Total average hours worked and compensation and benefits paid are reported. In doing so, if available, a common law employer analysis is used to determine whether the hours and compensation/benefits are reportable as attributable directly to the filing organization or another entity; otherwise, the best available information has been used as the basis for allocations utilized in the reporting.”

“Transfers with affiliates - 1348;”

“The activity of ascension borgess lee foundation is reported in the consolidated financial statements of ascension health alliance. No individual audit of ascension borgess lee foundation is completed. Therefore, the audited financial statements are of ascension health alliance and affiliates, which include the activity of ascension borgess lee foundation.”

“Ascension borgess lee foundation is included in the consolidated financial statements of ascension. The finance and audit committee of ascension's board assumes responsibility for the consolidated organization as a whole.”

“The physical address for this entity is 420 west high street, dowagiac, mi 49047. The address on page 1 is for mailing purposes only.”