Hamilton Memorial Foundation Nfp

“A draft of the 990 is prepared and provided to the board for their review and approval prior to filing the final return.”

“Any contract or other transaction between the foundation and any one or more of the foundation's directors, or between the foundation and any organization which involves one or more of its directors as a party of interested person, shall be valid for all purposes, notwithstanding the presence of such trustee or directors at the meeting of the board of directors which act upon, or in reference to, such contract or transaction, and notwithstanding such trustee's or directors' participation in such action, if the fact of such interest shall be first fully disclosed in writing to the board of directors at such meetings and the board of diretors at such meeting shall, nevertheless, authorize, approve and ratify such contract or transaction by vote of a majority of the disinterested directors present. Any interested directors shall be counted in determining whether a quorum is present, but shall not be counted in calculating the majority necessary to carry such a vote.”

“Documents are available upon written request.”

“The hamilton memorial hospital district foundation operates to raise money for the benefit of the hamilton memorial hospital district, through donations and fund-raising activities. The foundation also seeks to strengthen the relationship between the hospital district and the community, to raise awareness of the importance of and opportunities in healthcare careers and the need to raise funds to support the hospital's efforts to aid local high school students, employees and other interested parties with scholarships in various healthcare careers. The foundation works with area businesses and the farming community to develop an understanding of the need for a rural hospital and how both groups can work together to create a healthier and safer community.”