Regina Foundation

“Parent organization allina health system and regina senior living are equal voting members of regina foundation. See r for further details. Allina health system provides regina foundation with administrative and staff services at no cost. Regina foundation has no employees and does not pay compensation. Compensation disclosed as paid by a related organization is determined solely by the related organization.”

“Regina foundation's respective member organizations held certain reserve powers over regina foundation. The reserve powers are fully described in regina foundation's governing documents and include such powers as election and approval of directors, approval of amendments to articles of incorporation or bylaws, approval of strategic plans and captial and operating budgets, approval of plans of merger or consolidation, approval of debt or expenditures, and various other reserved powers as described therein.”

“See response to form 990, part vi, section a, line 7a.”

“Regina foundation's form 990 was prepared by the tax services function of allina health system, a voting member of regina foundation. The form 990 was subjected to a rigorous review process by allina's tax manager and tax director. Allina's chief financial officer also performed an executive review of the form 990. After the management review process described above was completed, the final form 990, as ultimately filed with the internal revenue service ("irs"), was provided to each voting member of allina health system's board of directors, as directed in the termination resolutions. Allina health system's board of directors voted on and approved a resolution approving the form 990,the minnesota charitable organization annual report to be filed with the minnesota attorney general and the wisconsin charitable organization annual report to be filed with the wisconsin department of financial institutions. The board of directors resolution also directed the officers to file the form 990 with the irs, the charitable annual report with the charities division of the office of the minnesota attorney general and the wisconsin charitable organization annual report with the wisconsin department of financial institutions. The above stated review and approval process occurred prior to filing regina foundation's form 990 with the irs, minnesota charitable organization annual report with the minnesota attorney general and wisconsin charitable organization annual report with the wisconsin department of financial institutions.”

“The organization has several methods of monitoring and enforcing compliance with its conflict of interest policy. First, the organization regularly distributes conflict of interest disclosure questionnaires to its officers, directors, trustees, and key employees. These individuals are required to disclose annually any interest that could give rise to conflicts, including any family or business relationship. Second, the general counsel's office annually delivers a report to allina's board of directors which includes, among other things, the results of the conflict of interest questionnaire, an analysis of potential conflicts, and guidance for satisfactorily resolving conflicts. Third, the organization undertakes mandatory compliance training of all its employees which includes training on conflicts of interest. Fourth, all employees receive, and are expected to conduct themselves in accordance with allina's code of conduct. The code of conduct contains educational materials and guidance to resolve potential conflicts of interest. Fifth, allina maintains a corporate integrity hotline, a confidential 24 hour external resource to help answer questions related to ethical business conduct. All calls to the integrity line are kept confidential.”

“Regina foundation has no employees and does not pay compensation. Any compensation disclosed as paid by a related organization is determined solely by the related organization. Therefore, form 990, part vi, section b, line 15a and 15b are not applicable to regina foundation.”

“Regina foundation's governing documents, conflict of interest policy and financial statements are made available to the public upon request. To arrange an inspection or receive a copy, please contact the following: regina foundation tax services mail route 10890 p.o. Box 43 minneapolis, mn 55407-0043 telephone: 612-262-0660 physical address: 2925 chicago avenue minneapolis, mn 55407-1321 the form 990 and form 1023 are also available directly from the internal revenue service. The form 990 is also available from the charities division of the office of the minnesota attorney general.”

“Regina foundation was dissolved on 12/31/2023 by its two members, allina health system (ahs) and regina senior living (rsl). Regina foundation was formed with a mission to support the operations of the hastings regina campus of united hospital (regina campus) which is owned and operated by ahs and the adjoining benedictine living community - regina (blc) senior living campus owned and operated by rsl. Since the time this jointly managed foundation was formed, each member has created a controlled unified foundation to administer and support the operations of their respective healthcare systems and there was no longer a need for a separate foundation to support these two adjoined facilities. Ahs continues to support, through the allina health foundation, the operations of the regina campus, and rsl continues to support blc through the benedictine foundation. All funds managed by regina foundation were distributed to the allina health foundation and the benedictine foundation in accordance with the underlying support purpose of each fund. All funds are governed by the same restrictive terms as when held by regina foundation, and all transferred funds will continue to support only the regina campus and blc.”