Presbyterian Hospital Foundation

“Form 990, part vi, section a, line 2: family and/or business relationships business relationship michael wiles caldwell rose”

“Form 990, part vi, section a, line 6: classes of members of stockholders the organization is a non-profit corporation with members (or a member).”

“Form 990, part vi, section a, line 7a: election of members and their rights the presbyterian hospital appoints a majority of the organization's board members.”

“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 on an annual basis. Presbyterian hospital foundation ("pmcf") is an integral part of the novant health. Pmcf, doing business as novant health presbyterian medical center foundation, exists to seek grants, accept gifts, invest funds, and administer donations in support of the presbyterian hospital (doing business as novant health presbyterian medical center ("nhpmc"), novant health huntersville medical center, hemby children's hospital, and novant health charlotte orthopedic hospital), novant health mint hill medical center, novant health matthews medical center, and novant health ballantyne medical center, as well as their strategic partners providing healthcare in the community. Pmcf's mission is to support the novant health system in improving the health of our communities, one person at a time. Pmcf supports patients, families, caregivers, and team members with programs and services providing expanded care, treatment and prevention options at its supported hospitals. Pmcf also provides mission-aligned grants to community partners that help supplement healthcare and prevention programs for underserved patients. Pmcf's board of trustees consists of community leaders and citizens in and around the greater charlotte area of north carolina, who are committed to improving the lives of others through philanthropy. Working together, pmcf's board and staff receive support from a variety of funding sources including individuals, corporations and foundations, as well as through various fundraising activities. All fundraising events have multiple objectives: to raise money and provide an avenue for people in the community to support the hospital. Special events offer a connection to the foundation by participation, involvement and creating ownership in the community. 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”

“- capital funding for expansion/renovation of nhpmc novant health hemby children's hospital ("nhhch"), which is rapidly growing to meet the needs of its communities served. Patient demand for pediatric emergency treatment, surgeries, and well-visits at nhhch has grown by 54% since 2017. In 2023, multi-phase expansion continues to ensure nhhch is poised to meet these growing needs to deliver remarkable care through clinical efficiency. Phase 1 is a $10.1 million expansion of nhhch, including enhanced capacity to care for premature babies and children battling cancer. Phase 1b is expansion/renovation of the hematology & oncology clinic, which began in february 2023. Both phase 1 and 1b are reflective of nhhch's commitment to improving outcomes for childhood cancer patients - capital funding for equipment at the neonatal intensive care unit ("nicu") at nhhch, which continues to experience tremendous growth. 14% of babies born at nhpmc need nicu support. The nicu team includes neonatologists, nurse practitioners, specially trained nicu nurses, child life specialists, social workers, respiratory therapists, an entire rehabilitation team and environmental services team. Nhhch's nicu is novant health's only level iv nicu in the surrounding area, receiving transfers of the most premature babies from outlying communities. As care of micro-preemies continues to evolve, the nhhch nicu team has seen an increase in the babies who need 21-day humidification support through transfers of micro-preemies from davis regional medical center and lake norman regional medical center. To address these needs, six new infant halo bassinettes will be purchased to service the outlying communities surrounding charlotte. - operational funding to the office of well-being and resilience for its 1-day mental health first aid training for approximately 200 team members. Novant health certified instructors teach globally renowned, evidence-based learning aimed at helping to destigmatize mental health and providing practical tools for all to better understand mental health challenges, to identify early and worsening signs and symptoms, and to have an action plan in time of crisis (e.g. Suicidal contemplation, substance use crisis). More than any other, the healthcare industry carries high risk and disproportionate rates of suicide, as well as many other mental health impacts, for team members.”

“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.”

“Affiliate transfers 490,128. Contribution adjustment 646,565. Book adjustment -6,953.”