Saint Luke'S Foundation

“Charles robb, melinda estes, and michael vanderhoef have a business relationship because they are directors, officers, and/or employees of affiliated tax-exempt organizations.”

“The bylaws were amended to add saint luke's health system, inc. (slhs) as the sole corporate member. Slhs will elect sixteen members of the twenty member board. Slhs also has reserved powers over major decisions of the organization such as amendments to articles and bylaws, debt, budgets, capital expenditures and strategic operating decisions. As part of an integrated health system, the sole member also provides various management and support functions to the organization.”

“The sole corporate member is saint luke's health system, a 501(c)(3) organization.”

“The board consists of 20 members, 16 of whom shall be elected by the sole corporate member.”

“The sole member has specified reserve power over major decisions such as amendments to articles and bylaws, debt, budgets, capital expenditures and strategic operating decisions. The sole member can also remove members of the board and the ceo. As part of an integrated health system, the sole member also provides various management and support functions to the organization.”

“An independent accounting firm prepares and reviews the 990 with the assistance of the organization's accounting team. The return was reviewed by the entity's ceo, coo, and/or cfo before filing. A summary of key 990 information is presented to the audit committee of the system board of directors and the 990 draft is made available to the committee for review. The 990 is provided to the organization's board members before filing with the irs.”

“The filing organization has a comprehensive written conflict of interest policy applicable to all directors, officers, and employees. Any actual, possible or perceived conflict of interest is expected to be handled through full and timely disclosure of any such interest, together with absence of persuasion in any discussion and in any vote wherein the interest is involved. Disclosure is to be made when the interest arises, at any time the interest becomes a matter of governing board action, and then annually through completion of a conflict of interest questionnaire. A report is provided to the audit committee of the system board of directors.”

“Annually, the saint luke's health system board of directors' compensation committee reviews, discusses, sets and approves compensation for these executives. Independent, external directors serve on the compensation committee. An independent compensation consulting firm annually provides a written report and reasonableness opinion. The consultant reviews the system's executive compensation philosophy and analyzes market competitiveness (in total and by each compensation and benefit element) for the executives using appropriate comparability data. Compensation committee actions are contemporaneously documented. The process satisfies the rebuttable presumption procedure. Directors are not compensated for services as a director. Compensation for officers not reviewed by the board compensation committee is set/approved annually by saint luke's health system executive management based on market compensation surveys and comparability data provided by an independent compensation consulting firm.”

“The organization's articles of incorporation and amendments thereto are available through the mo secretary of state. The organization's other governing documents and conflicts of interest policy are not made available to the public.”

“In 2019, the foundation provided support for the following program services: capital facilities and equipment at saint luke's health system entities. Medical education programs - expenditures to support medical education through activities of medical chair holders, residency, and fellowship programs. Research programs - funding provided to medical research projects. Medical programs - projects to enhance the delivery of care and exellence of saint luke's health system medical programs. Loans, scholarships and awards - educational funds for loans, scholarships, or awards to system employees, students of the saint luke's college of health sciences, or other students of the medical technical schools of saint luke's health system.”

“Saint lukes foundation is part of saint luke's health system, an integrated health system. A majority of the organizations vendors are paid through a centralized payment system with 1099's issued by the centralized service entity.”

“Basis adjustment $ 7,732,037 change in beneficial interest $ 136,613 equity in affiliates $ (64,071) change in split interest agreements $ 9,869 -------------- form 990, part xi, line 9 $ 7,814,448”