Saint Thomas Health Foundations

“All officers, directors, and key employees have a business relationship with other officers, directors, and key employees through sharing the responsibilities of fulfilling the purpose of saint thomas health foundations. There is a business relationship between officers, directors, and key employees who are also officers, directors, or employees of organizations which the fund was organized to support.”

“Saint thomas network is the sole corporate member of saint thomas health foundations. Saint thomas network may appoint an officer(s), director(s), or anyone else to act on its behalf in the capacity of the corporate member of saint thomas health foundations. The business, property, and affairs of saint thomas health foundations are managed and controlled by the board of directors in accordance with the policies established by saint thomas network and by ascension.”

“See explanation for form 990, part vi, section a, line 6 above.”

“See explanation for form 990, part vi, section a, line 6 above.”

“Form 990 was made available for saint thomas health foundations' board members to review at their quarterly meeting and an electronic copy was provided to those members who did not attend committee meetings prior to filing of the return.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy in that any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee meeting will decide if conflicts of interest exist. Each director, principal officer and member of a committee with governing board delegated powers signs a statement annually which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose.”

“In determining compensation of the top management official, the process performed by saint thomas health, a related organization, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The audit committee reviewed and approved the compensation. In the review of the compensation, the ceo, executive director, and top management were compared to other organizations' employees in the area that hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the board minutes. Individuals were not present when their compensation was decided. In determining compensation of other officers or key employees of the organization, the process performed by saint thomas health, a related organization, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The audit committee reviewed and approved the compensation. In the review of the compensation, the other officers or key employees of the organization were compared to other organizations' employees in the area that hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the board minutes.”

“Saint thomas health foundations' governing documents and conflict of interest policy are available upon request. Summarized financial results are published in a printed financial report. Detailed financial statements are available to donors and grantors upon request.”

“Change in value of split-interest agreements -40,956.”