Forsyth Medical Center Foundation

“Form 990, part vi, section a, line 7a: election of members and their rights forsyth memorial hospital, inc. Appoints the majority of the forsyth medical center foundation's board.”

“Form 990, part vi, section b, line 11: organization's process to review form 990 the board delegates review of the form 990 to novant health's board of trustees' audit and compliance committee ("the committee"), which oversees tax matters for entities in the novant health system. The committee is the review body for all of the form 990s filed for tax-exempt organizations within the novant health system. The committee is provided a copy of form 990 and meets to address any questions and significant disclosures within the form 990 prior to its filing with the irs.”

“Form 990, part vi, section b, line 12c: monitoring and enforcement of coi novant health's trustee conflict of interest policy, applicable to the filing organization, applies to all trustees, principal officers or members of a committee with board delegated powers including any applicable disregarded entities. All trustees are sent an annual disclosure questionnaire. The trustee annual disclosure questionnaires are reviewed by the compliance and tax departments. With respect to particular transactions that come before the board, the conflict of interest policy would be followed. The potential conflict of interest would be disclosed by the board member before a vote on the transaction and the rest of the board would determine whether a conflict of interest exists. If the rest of the board determined that a conflict of interest existed then the board member with the conflict of interest would not participate in the deliberations and vote.”

“Form 990, part vi, section b, line 15a/15b: the filing organization is an integral part of novant health, an integrated healthcare system. Independent and disinterested board members of the parent organization, novant health, inc. Board of trustees (who comprise the compensation and leadership committee of the board), review, approve, and oversee all aspects of compensation and benefits for certain leaders ("executives") serving as officers, including the top management official, or key employees for novant health entities. The committee works with an independent compensation consultant and uses third party comparability data for functionally similar positions at comparable organizations to ensure that total compensation and benefits for each executive is reasonable. The committee reviews and approves executive compensation and benefits annually, consistent with the written executive compensation philosophy of novant health, and in a manner that qualifies for the rebuttable presumption of reasonableness. The organization does not have any key employees and the organization's only officers, other than the top management official, are state law board officers. These employees do not hold a corporate position of influence that results in review of their compensation by the parent organization's compensation and leadership committee.”

“Form 990, part vi, section c, line 19: governing documents disclosure the audited consolidated financial statements containing all organizations in the novant health system are posted to the novant health website. The governing documents and conflict of interest policy are not available to the public.”

“Novant health, inc. Is a non-profit integrated network of more than 900 locations, including 19 medical centers, more than 750 physician clinics and urgent care centers, outpatient facilities, and imaging and pharmacy services. Novant health's more than 40,000 team members along with more than 8,500 independent and employed clinicians care for patients and communities in north carolina and south carolina. The novant health integrated healthcare system operates to carry out its charitable mission of improving the health of communities it serves and making healthcare remarkable for patients. Novant health accomplishes that mission by providing and supporting excellent healthcare facilities and physician practices and by making a commitment to community outreach/service through the provision of community benefit programs. By bringing together world-class technology and clinicians to provide quality care, novant health is committed to creating a healthcare experience that is simpler, more convenient and more affordable so patients can focus on getting better and staying healthy. In 2024, novant health provided more than 7 million patient visits and over $1.6 billion of community benefit expenditures system-wide. Forsyth medical center foundation ("fmcf") is an integral part of the novant health system. Fmcf, doing business as novant health forsyth medical center foundation, exists to seek grants, accept gifts, invest funds, and administer donations in support of forsyth memorial hospital, doing business as novant health forsyth medical center ("nhfmc"), novant health kernersville medical center ("nhkmc"), and novant health clemmons medical center ("nhcmc"). Fmcf's mission is to engage donors in projects and initiatives that improve the health of the communities served by novant health. Fmcf's cause is to create a healthier future and bring remarkable experiences to life. Fmcf supports patients, families, caregivers, and team members with programs and services providing expanded care, treatment and prevention options. Fmcf also provides a mission-aligned grant to the community care center to supplement healthcare and prevention programs for underserved and uninsured patients. Its diverse board of community leaders from winston salem, clemmons, kernersville and greensboro, north carolina provides stewardship and oversight of the organization's operations and activities. Community outreach is a critical component to the mission of novant health. The healthcare system provides hundreds of programs that serve patients, neighbors, and some of the communities' most vulnerable citizens. Novant health also provides financial assistance (i.e., charity care) for its qualified uninsured patients, catastrophic settlements and long-term payment plans to medically indigent patients, services to patients with medicare, medicaid, and other government medical program coverage (reimbursed at less than cost), community health education, support groups, subsidized outreach services and community events/screenings. In addition, novant health participates in medical research, as well as academic health programs and partnerships with a diverse group of organizations to provide other community initiatives. Novant health is also committed to supporting the communities it serves through charitable contributions to community-based programs that improve health equity and upward mobility for those who need it most. Toward that goal, novant health invests in community-based programs that align with its two investment priorities of developing healthy communities and expanding opportunities for healthcare education. In 2024, fmcf's gifts, grants, and earnings from investments were used to support many patient and community outreach programs, touching virtually every institute at nhfmc. Examples of financial support provided to nhfmc include: - salary funding for oncology nurse navigators, patient medication & transportation, nursing education financial awards, ma”

“In the spirit of keeping our focus on patient-centered, equitable and compassionate care while ensuring our organization is sustainable for future generations, we have restated our mission, vision and values and are now guided by our cause. Our cause we create a healthier future and bring remarkable experiences to life. Discover we consistently seek to innovate, courageously transform ourselves and find new ways to add value for our patients, communities and one another. Empower we provide one another, our patients, families and communities with the resources and environment to create shared accountability and action. Thrive we demonstrate equity, empathy, safety and quality to help each other, and our communities grow and succeed. Together we work as a trusted team with our unique perspectives, life experiences and expertise to bring remarkable to life in every interaction. We all belong.”

“Contribution adjustment -209,427. Affiliate transfer 1,622,885. Net asset transfer from auxiliary of forsyth memorial hospital dissolution 1,140,656.”