Henry Ford Health Providence Foundation

“In determining compensation of other officers of the organization, the process performed by St. John Providence, a related organization of Providence Health Foundation, and its subsidiary organizations, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The audit committee reviewed and approved the compensation. In the review of the compensation, the other officers of the organization were compared to individuals who work at similarly sized organizations as well as organizations similar in complexity of operations, revenues and job responsibilities across the nation. During the review and approval of the compensation, documentation of the decision was recorded in the board minutes.”

“Ascension Providence Foundation (f/k/a Providence Health Foundation) has a single corporate member, St. John Providence.”

“Ascension Providence Foundation (f/k/a Providence Health Foundation) has a single corporate member, St. John Providence, who has the ability to elect members to the governing body of Ascension Providence Foundation (f/k/a Providence Health Foundation) .”

“All decisions that have a material impact to Ascension Providence Foundation (f/k/a Providence Health Foundation) financial information or corporation as a whole are subject to approval by its sole corporate member, St. John Providence.”

“During the return preparation process, the tax department works with other functional areas including finance, accounting, treasury, legal, human resources, and corporate compliance for advice, information and assistance in order to prepare a complete and accurate return. Upon completion, the form 990 is reviewed by the organization's internal tax department which consists of attorneys and cpas. A complete final copy of the return is provided to the organization's president, financial officer, and/or other key officers in lieu of the full board.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy in that any director, officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee will decide if conflicts of interest exist. Each director, officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose.”

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

“In determining the compensation of the organization's President, the process, performed by St. John Providence, a related organization of Providence Health Foundation, and its subsidiary organizations, included a review and approval by independent persons, comparability data and contemporaneous substantiation of the deliberation and decision. Management reviewed and approved the compensation. In the review of the compensation, the President was compared to individuals at other organizations in the area who hold the same title. Wage bands are adjusted annually and wages paid for all positions are within those bands.”

“Net Asset Trans to/from Alpha Fund - 740503; Investment Account Transferred from Related Entity - 705735;”

“The activity of Ascension Providence Foundation (f/k/a Providence Health Foundation) is reported in the consolidated financial statements of Ascension Health Alliance. No individual audit of Ascension Providence Foundation (f/k/a Providence Health Foundation) is completed. Therefore, the audited financial statements are of Ascension Health Alliance and Affiliates, which include the activity of Ascension Providence Foundation (f/k/a Providence Health Foundation).”

“Ascension Providence Foundation (f/k/a Providence Health 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.”