The Hsc Foundation

“Members or stockholders children's national is the sole corporate member of the organization.”

“Member's power to appoint one or more members of the governing body effective september 1, 2019 and for a period of five years thereafter, the members of the organization's governing body together with the board of children's national appoint the members of the organization's governing body. After september 1, 2024, children's national will appoint members of the organization's governing body.”

“Member's authority to approve certain governance decisions. On september 1, 2019, and by means of an affiliation agreement, the organization affiliated with children's national. Effective as of that date, the organization amended and restated its bylaws to comply with children's national's system of governance. Under children's national's system of governance, children's national retains certain authority over subsidiary entities. The retention of authority includes items such as: the authority to amend a subsidiary's governing documents, authorization of the sale of substantially all assets, appoint/remove officers and directors, approve budgets, set signature authority, and adopt an enterprise-wide compliance plan. The affiliation agreement and the organization's amended and restated bylaws anticipate a five-year integration period, during such period the organization and children's national will share responsibility for certain authorities that are otherwise set under the system of governance. After september 1, 2024, children's national will have sole responsibility for authority that is reserved under the system of governance.”

“Review of form 990 by governing body the relevant committees of the organization review applicable portions of the 990. The form 990 is reviewed and approved by the chairperson of the audit committee of children's national prior to filing with irs. The hsc foundation provides a copy of the form 990 to the full hsc foundation board prior to filing with the irs. The completed form 990 is also made available to the board of children's national before filing.”

“Conflict of interest policy monitoring & enforcement the hsc foundation has formally adopted the conflict of interest policy of its parent, children's national. Children's national and subsidiaries asks that each officer, director, and key employee complete a conflict of interest form at least every year. In addition, each officer, director, and key employee is instructed to amend the conflict of interest form immediately upon a change in status of any of the questions on the form. These forms are reviewed annually by the chief legal officer and conflicts of interest are noted. The children's national board makes a determination, based on the recommendation of the chief legal officer as to which persons should be considered "interested parties" based on the criteria set forth in the board's governance policy. Form 990, part vi, section b, lines 13 & 14: governing policies the hsc foundation is governed by the policies of its parent, children's national. These policies include a written whistleblower policy and a written document retention and destruction policy.”

“Process to establish compensation of top management official the hsc foundation relies on its parent, children's national, to determine compensation for hsc foundation's president, other officers, and key employees. Children's national used an executive compensation committee, independent compensation consultant, compensation survey or study, and approval by the people, culture and compensation committee of the board to establish compensation.”

“Required documents available to the public the governing documents, conflict of interest policy, and financial statements are all available to the public upon request.”

“This form 990 requires that part vii and schedule j present an individual's wages for the 2020 calendar year, not the fiscal year. For the period january through june 2020, some individuals were employees of hsc foundation, but starting july 2020, those same individuals became employees of children's hospital. Accordingly, the annual wages for those individuals are presented between two columns and should be considered in the aggregate.”

“To provide and coordinate innovative, high quality, community-based care for individuals with complex needs and their families.”

“Net asset transfer upon dissolution of 2013 holdings, inc. 21,009,281. Investment in subsidiaries 15,166,935.”