Umrc-Porter Hills Foundation

“Brio living services is the sole corporate member of the foundation.”

“The directors shall be elected by the foundation board of directors and appointed by the board of trustees of brio.”

“Draft of 990 is reviewed by the foundation president and brio cfo. A redacted copy of the return is sent to the foundation board of directors for comment prior to submission to the irs.”

“The foundation expects its board members and staff to conduct business of the foundation in a legal and ethical manner, observing the highest standards of integrity and business ethics when acting on behalf of the foundation. Each board and/or staff members should avoid any financial relationship or other situation which represents a conflict between foundation interests and other personal interests of the individual. The foundation policy on conflict of interest is distributed annually to members of the foundation board of trustees, foundation president and ceo, and foundation administrative staff, including department heads and central supply staff. At the time of the distribution of the policy, each person will be given the opportunity to disclose real or pontential conflicts of interest, which will be kept confidential. Disclosures of any potential conflicts of interest by trustees and/or staff are forwarded to the governance committee for review. Any transaction between brio and an entity affected by a conflict of interest of any brio employee or trustee shall not be void but shall be valid if: 1) the transaction is fair and reasonable; 2) the material facts of the conflict are disclosed to the board of trustees or governance committee; 3) the transaction is discussed and voted upon by the board or committee outside the presence of the affected individual; 4) the transaction is approved; and 5) the minutes of the board or committee reflect compliance with the policy. Individuals with a conflict are not permitted to be present during discussions or any vote regarding the conflict of interest. Any trustee of the brio board who becomes aware of a relationship that does, or might, constitute a conflict of interest after completing and signing this form must file an updated form.”

“The foundation president is paid by brio. Every three years, brio hires an independent consultant to perform a compensation study. A consultant was engaged in 2024 and the study was completed in 2025. In interim years, brio uses industry standard compensation studies from multiple sources. All findings are documented and presented to brio's board of trustees and compensation committee. Utilizing these results, salary increases are set by the brio president and ceo and chief human resources officer.”

“All employees of the foundation are paid by brio. Every three years, brio hires an independent consultant to perform a compensation study. A consultant was engaged in 2024 and the study was completed in 2025. In interim years, brio uses industry standard compensation studies from multiple sources. All findings are documented and presented to brio's board of trustees and compensation committee. Utilizing these results, salary increases are set by the brio president and ceo and chief human resources officer.”

“The foundation's financial statements are available on the foundation website (https://foundation.mybrio.org), and such nonprofit database sites as guidestar and foundation center. The foundation's governing documents and conflict of interest policy, in addition to its financial statements, are available upon request.”

“Brio living services and affiliates ("brio") has been a leader in caring for older adults since its faithful founding in 1906. With a tradition of exceptional quality and commitment to cutting-edge care, today brio offers michigan's most diverse continuum of housing options and services across 12 counties to older adults of all income levels. Umrc-ph foundation ("foundation") was created in 1998 as the fundraising arm supporting benevolent care for residents who have outlived their savings, as well as growth opportunities for the organization. The foundation's mission is to support the mission of brio, which is "welcoming all, partnering together, enriching lives." the population of adults over the age of 65 is expected to double by the year 2030, and the oldest adults, 85 years and older, will grow by 300%. Brio is committed in its efforts to remain ahead of the curve and to embrace the care needs and wishes of this dramatically growing sector. Brio's vision is to continue its own significant growth, creating and enhancing options to increase the number of older adults it serves, while focusing on brio's faith-based mission.”

“Brio has been a leader in caring for older adults since its faithful founding in 1906. With a tradition of exceptional quality and commitment to cutting-edge care, today brio offers michigan's most diverse continuum of housing options and services across 12 counties to older adults of all income levels. The foundation was created in 1998 as the fundraising arm supporting benevolent care for residents who have outlived their savings, as well as growth opportunities for the organization. The foundation's mission is to promote the wellness, dignity, and independence of seniors by supporting the residents, staff, and communities' brio serves. The population of adults over the age of 65 is expected to double by the year 2030, and the oldest adults, 85 years and older, will grow by 300%. Brio is committed in its efforts to remain ahead of the curve and to embrace the care needs and wishes of this dramatically growing sector. Brio's vision is to continue its own significant growth, creating and enhancing options to increase the number of older adults it serves, while focusing on brio's faith-based mission.”

“CHANGE IN PV OF BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST - 46534; CHANGE IN PRESENT VALUE OF CHARITABLE GIFT ANNUITIES - -5620; Total - 40914;”

“This process has not changed from the prior year.”