Palmer Memorial Foundation

“Membership in this Corporation includes those citizens, eighteen (18) years of age or older, who have purchased an annual Twenty-Five Dollar ($25.00) voting membership or who have contributed an annual minimum of Twenty-Five Dollars ($25.00) as a donation to this Corporation. Membership may also include an organization, group or family contributing a minimum of Twenty-Five ($25.00) as a donation or memorial to this Corporation.”

“Each membership shall authorize the holder to cast one (1) vote per voting membership at any duly called meeting of the membership of the Corporation. In the event that the membership is a group, organization or family, the vote shall be cast by its president or designee. This membership will also qualify the voting member to hold any office in the Corporation to which he or she may be elected or appointed.”

“The finance director and the foundation director review the 990 before it is filed. The entire board of directors receives a copy of the 990 after it is filed. Form 990, part vi, line 12c the conflict of interest policy is required to be signed annually by officers, directors and key employees. The signed policies are reviewed by palmer lutheran health center's compliance committee. Board members are not allowed to vote on areas where there is conflict.”

“For purposes of determining compensation, palmer memorial foundation relied on its affiliated organizations, gundersen lutheran health system, inc. And palmer lutheran health center inc, to establish the compensation of the administrator, finance administrator, foundation director, other officers, and key employees. Gundersen lutheran health system, inc. And palmer lutheran health center inc used the following practices for establishing compensation for such individuals: written employment contract, compensation survey or study, compensation committee, and approval by the board or compensation committee.”