Sparrow Foundation

“Sparrow health system is the sole member of sparrow foundation and has 100% ownership.”

“Sparrow health system has the right to elect, replace and remove directors of sparrow foundation.”

“Sparrow health system has the right to elect, replace, and remove directors of sparrow foundation. Sparrow health system also has the authority to approve decisions of the sparrow foundation board when it is deemed necessary.”

“Copies of the 2018 form 990 are reviewed by management. Once management completed its review of the form 990 copies were provided at the fall 2019 board meeting for all board members to review and comment on.”

“1) corporate compliance sends out the conflict of interest policy and questionnaires to all voting board members and the executive team annually. 2) all disclosures are received and reviewed by corporate compliance. 3) all disclosures are given a resolution code and presented to the ceo and governance committee of the board. 4) all board/committee level disclosures are provided to the respective board chair and executive liaison to ensure issues can be addressed on a transactional level (i.e. If a vote required on a transaction involving an interested person).”

“The process for determining compensation for the ceo involves the following: utilizing compensation committee, independent consultants, reviewing other similar organizations' 990s, compensation surveys, and final approval by the board of directors, as well as finalizing the salary package with a written employment contract.”

“The process for determining compensation for officers or key employees of the organization involved the following: utilizing the compensation committee, independent consultants, reviewing other similar organizations' 990s, compensation surveys, and final approval by the board of directors, as well as finalizing the salary package with a written employment contract.”

“The organization's audited financial statements are available on several internet websites, as well as available upon request. The governing documents and conflict of interest policy are available upon request.”

“The sparrow foundation is a tax-exempt, michigan, non-stock corporation sponsored solely by the sparrow health system, a voluntary, community-governed michigan nonprofit corporation and parent organization for various healthcare entities. The sparrow foundation's mission is to assist edward w sparrow hospital programs by obtaining the moral and financial support of the community for initiatives and programs that do not necessarily support themselves.”

“All lines left blank are not applicable to the organization. Part iv, question 4 - the organization does not engage in direct lobbying activities. The organization does have memberships in various trade associations that use a portion of the dues paid to the trade associations for lobbying activities on behalf of the applicable trade association industries, thus indirectly benefiting the organization. The percentage of dues allocated to this industry-wide lobbying activity is minor and is not considered by the organization as lobbying activities required for disclosure on schedule c, part ii.”