Carroll Hospital Center Foundation Inc

“Carroll hospital center, inc., a 501(c)(3) organization, is the sole member of carroll hospital center foundation, inc.”

“The sole member of the organization, carroll hospital center, inc., has the right to elect and remove trustees of the organization. Additionally, certain trustees shall serve in ex officio positions with full voting power. Two of the ex officio positions shall be occupied by the president of the sole member and the chairman of the board of directors of the sole member. Also, the individual serving as vice president of development of the sole member shall serve ex officio as executive vice president of the corporation. The sole member may remove any elected trustee at any time, with or without cause. Ex officio trustees shall be deemed to be removed as of the time they cease to hold the office on which their ex officio status is based. A vacancy in an ex officio position shall be filled by the individual appointed to the underlying office.”

“The sole member of the organization has the right to elect and remove trustees of the organization, the right to approve amendments to the bylaws, and such other rights as may be conferred by law on the members of a non-stock corporation organized under the laws of the state of maryland. Special meetings of the sole member of the organization may be held at the call of the sole member.”

“The organization's form 990 is reviewed in detail between the preparer, an outside accounting firm, the finance department of carroll hospital center and lifebridge health, inc. A copy of the draft form 990 is submitted to the organization's vp of development for review and comment. Then, prior to filing the organization's form 990, the organization provides a copy of the form 990 to each member of the organization's board of directors for their review. Questions, comments, and feedback are then incorporated into the filed form 990.”

“All directors, officers, employees, medical staff members, and volunteers are expected to recognize and disclose at the earliest possible time actual and potential conflicts of interest. An individual is considered to have a conflict of interest with regard to a matter or transaction if the individual or a family member of the individual has a personal or financial interest that has the potential to influence the action taken by the individual on behalf of lifebridge health. Additional information regarding what constitutes a conflict of interest and how to disclose a conflict is outlined below. Lifebridge and all of its subsidiaries shall require all employees, medical staff, and members of the board to disclose any activities that could result in a possible conflict of interest. If a conflict is identified, the person involved would recuse him/herself from deliberations regarding the transactions. An individual is considered to have a conflict of interest with regard to a matter or transaction if the individual has a personal or financial interest that has the potential to influence the action taken by the individual on behalf of lifebridge or any of its subsidiaries. An individual is considered to have a "personal interest" in a matter if it is likely to have a direct and material impact on the individual's relationship with lifebridge or any of its subsidiaries (e.g., the individual's continued membership on a subsidiary hospital's medical staff), or on the individual's own health care, or the individual is personally involved in a substantial way (e.g., serves as an officer, director, trustee, or key employee) with another organization that has a significant interest in the matter. An individual is considered to have a "financial interest" in a transaction if the individual, or their family member, (i) is a party to the transaction, (ii) will benefit personally from the transaction, or (iii) has, directly or indirectly, a current or anticipated ownership or investment in, or compensation arrangement with, a party to the transaction. An ownership interest of less than 5% in an entity will not, in and of itself, generally be considered a financial interest; however, to the extent the individual's compensation from the entity is directly linked to the entity's business with lifebridge health, such compensation will constitute a financial interest. For the purposes of this policy, a "family member" includes spouse or domestic partner, parents, brothers and sisters, children (whether natural or adopted), grandparents, grandchildren, great-grandchildren, and in-laws, spouses of brothers, sisters, children, grandchildren, and great-grandchildren, and any other member of a household of the individual. Conflicts of interest are to be reported by employees to their supervisor, who will be responsible for determining whether further dissemination is necessary. Members of the medical staff should report conflicts to the chief of their department, and members of the board should report them to the chief compliance officer. Questionnaires are sent out to members of the board on an annual basis. If questions arise or further guidance is sought, individuals can contact the chief compliance officer or confidential compliance hotline. Nothing in this definition is intended to relieve any person of any additional obligations that may be imposed by state or federal law.”

“It is the policy of lifebridge health inc. And its subsidiaries to make available upon request the audited financial statements to the general public. The lifebridge health inc. And subsidiary governing documents are not made available to the general public upon request or via a website. The conflict of interest policy is included on schedule o.”

“Carroll hospital center, inc. And bridginglife, inc.”

“Carroll hospital center foundation is a charitable organization formed with the intent of supporting the charitable missions of its affiliates carroll hospital center, inc. And bridginglife, inc. The board of trustees, staff and volunteer members on numerous committees work in concert to support the mission and vision of carroll hospital center. With their planned help, the foundation received 4,104 gifts from more than 1,492 donors in fy 2024. Although many gifts are unrestricted and used where the need is most urgent, some donors prefer to restrict their gifts. It is with the support of these generous donors that carroll hospital center is able to expand and enhance many programs and services for the community. For more information on the foundation please visit www.carrollhospitalfoundation.org. During fy 2024, the foundation received $4,467,650 in cash gifts and pledge payments. This was achieved through various fundraising activities including planned & major gift efforts.”

“To support the mission and vision of carroll hospital center, inc. Total funds donated for this purpose were $6,489,918 allocated as follows: simulation lab: $ 614,474 william e kahlert regional cancer center: $ 581,250 center for breast health: $ 90,000 peri-operative/ post-operative: $ 35,413 trumpower employee education: $ 28,940 respiratory: $ 25,900 pedriatrics: $ 25,000 vision 2020 capital construction: $ 38,970 tevis center of wellness: $ 20,045 cardiac care unit: $ 20,000 family birthplace: $ 16,756 transportation assistance fund: $ 13,295 compassion fund: $ 12,662 capital improvements fund: $ 10,796 embrace fund: $ 10,538 capital construction: $ 1,350,000 carroll hospital access carroll program: $ 1,100,000 capital equipment endowment: $ 2,449,844 other services: $ 32,083”

“Hospice endowment allocation $ 66,357 reserve on restricted pledges ($ 125,514) other changes ($ 8,893) scholarships ($ 8,500) ------------ total ($ 76,550)”

“The organization does not have a committee that assumes responsibility for oversight of the audit, review or compilation of its financial statements and selection of an independent accountant. The organization relies on the oversight of the audit committee held at the related organization, lifebridge health, inc.”