Alamance Regional Medical Center Foundation Inc

“Form 990, part vi, section a, line 6 alamance regional medical center is the sole member.”

“Form 990, part vi, section a, line 7a alamance regional medical center appoints the directors.”

“Form 990, part vi, section a, line 7b certain financial actions of the corporation are reserved or require approval of the sole member. Further, any action concerning the dissolution or liquidation of the foundation are reserved or require approval of the sole member.”

“Form 990, part vi, section b, line 11b an electronic version of the return will be made available on the board portal to all board members in advance of the filing date. Representatives of the finance staff from the health system will be available to respond to any questions or address any issues.”

“Form 990, part vi, section b, line 12c before every board or committee meeting, the chair will ask every member to review the agenda and to disclose any area where they may have a conflict so that the disclosure is complete prior to discussion.”

“Form 990, part vi, section b, line 15 the following methods are used to establish compensation of officers: compensation committee; independent compensation consultant; written employment contract; compensation survey or study; and approval by the board or compensation committee.”

“Form 990, part vi, section c, line 19 these documents are proprietary and are not made available to the public.”

“This form 990 covers a short tax year from october 1, 2024,through december 31 2024, due to a change in accounting period.”

“On october 1, 2024, the organization's legal name was changed from alamance regional medical center foundation, inc. To cone health philanthropic foundation, as evidenced by the articles of restatement and amendment filed with the north carolina secretary of state. A copy of the filed amendment is attached.”

“Form 990, part xi, line 9 other changes in net assets: $17,594,624 due to the merger of annie penn memorial hospital foundation, and the philanthropy department of moses h. Cone memorial hospital operating corporation (company 30), with/into alamance regional medical center foundation, inc. (surviving corporation). Following the merger, the name of surviving corporation was changed to cone health philanthropic foundation effective october 1, 2024.”