Southern Regional Medical Center Foundation Inc

“The foundation has one member, clayton general, inc.”

“Clayton general, inc. Appoints the trustees and elects the officers of the foundation.”

“The governing board's decisions are subject to approval by the parent board, clayton general, inc. The following actions require approval: -expenditures in excess of $2,000,000 -acquisition of or affiliation with any other entity that would be in conflict with a strategic plan of any srhs entity -amendment of governing documents -filing for bankruptcy -adoption of any budgets -the acquisition, sale, transfer, or disposition of any assets of the organization”

“The tax return was prepared by an independent accountant. The completed irs form 990 tax return was provided to the board. Board members reviewed the tax return before it was filed.”

“The conflict of interest policy covers all board members and senior management. Any potential conflict is dicussed with the board of directors (absent the member with the potential conflict). If it is determined that conflict exists, then the board may have the member either resign, remove the conflict, or they move forward with the transaction if specific facts are present. If the latter situation takes place, then the member is excluded from discussions and the vote for that transaction.”

“The clayton general, inc.'s (the parent and supported organization) board of directors complies with the open records law. Upon written request, governing documents deemed accessible to the public under the law.”

“Purchased services: program service expenses 5,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,400.”

“Return of contributions -1,179,720.”