The Foundation for Barnes-Jewish

“Certain officers, directors or key employees of the foundation and bjc health system (bjc) may also serve on the boards of other related or unrelated organizations. Additionally, certain family members of officers, directors or key employees may, during the normal course of business yet consistent with the stated exempt purpose of the foundation, engage in transactions in which potential conflicts of interest could exist. These officers, directors, key employees and related persons disclose these potential conflicts to the foundation and bjc annually and do not participate in decisions in which they have such conflicts.”

“Barnes-jewish hospital is the sole corporate member of the reporting organization.”

“Barnes-jewish hospital has the power to elect or appoint members of the foundation board of directors.”

“Changes to foundation bylaws or governing documents are subject to the approval of barnes-jewish hospital, the sole corporate member, and bjc health system.”

“The organization prepares draft copies of form 990 and attachments for review by members of finance, legal and tax departments. The final draft returns are reviewed by an independent accounting firm and a complete copy is provided for the foundation board of directors to review. Questions and comments that arise during the individual board member reviews of the forms are addressed in advance of submission to the appropriate taxing authorities.”

“The organization regularly and consistently monitors compliance with the policy by issuing annually a conflict of interest questionnaire reminding covered individuals of their obligations to disclose potential conflicts and requesting that they complete a conflicts of interest questionnaire. The questionnaire requires the disclosure of conflicts and an attestation to their continuing obligation to disclose said conflicts should the need arise. The results of the conflict of interest questionnaire are reviewed by a centralized compliance department and appropriate action taken as necessary. Should the organization become aware of a conflict not previously reported, its general counsel would investigate the issue and respond in accordance with the policy.”

“The organization makes its governing documents, financial statements, and conflict of interest policy available for inspection by the general public upon request at the administrative offices.”

“The organization is an affiliate of bjc health system (bjc), a supporting organization described in code section 509(a)(3). Bjc assumes responsibility for remitting all payments to vendors through a centralized accounts payable system. Bjc also assumes responsibility for reporting these payments to the irs using its ein as the common payor on form(s) 1099,1098,5498, and w-2g. W2g forms are prepared and issued by bjc on behalf of the foundations. Bjc health system also assumes responsibility for withholding and remitting any taxes required and will prepare the tax forms to report any tax withholdings.”

“Change in value of trust 1,903,260. Change in value of split interest 383,634. Equity transfers 33,693. Change in estimate on bad debts -404,612.”