Palm Healthcare Foundation Inc

“The Foundation was formed in 2001 following the merger of two companies and its Articles of Merger was file to reflect the results of the merger. During the year, the Board approved and filed the Foundation's new Articles of Incorporation to reflect its independent status and specify its purposes, powers, limitation on activities, registered office, principle place of business and registered agent.”

“The Organzation makes its Form 990 available to the board of directors by distributing a copy to each member of the board of trustees prior to filing with the IRS. The board reviews the content and discusses at a regularly scheduled board meeting. A motion is made to approve the filing of the Form 990.”

“The Foundation strictly adheres to the conflict of interest/disclosure policy. Pursuant to the policy, during discussion or debate at scheduled board committee meetings, trustees, employees and volunteers with real, perceived, or potential conflicts of interest must announce those conflicts to the attendees. Trustees, employees, and volunteers who have stated a potential conflict must abstain from the vote, vacate the room while the vote is taken and return after the vote has been decided. The action will be noted in the meeting minutes. Additionally, board members provide a conflict of interest/disclosure form annually in conjunction with the annual meeting.”

“The CEO and key employees compensation is reviewed annually and compared with similar not for profit positions from independent surveys. By recommendation of the executive committee, the board of trustees approves the CEO compensation. In addition, the board approves all employees compensation as detailed in the annual operating budget.”

“The Organization makes its governing documents, conflict of interest policy, financial statements available upon request. The annual report is made available on the Organization's website.”

“Palm Health Foundation is Palm Beach County's health conversion foundation, created from the sale of Good Samaritan and St. Mary's hospitals to invest in lasting community health. The Foundation invests in community-led solutions that improve health and well-being across the region. Through initiatives such as Brain Coast Network, Healthier Together, BeWellPBC, and Train the Brain, Palm Health Foundation partners with residents, donors, and professional advisors to advance brain health, strengthen the healthcare workforce, and build resilient communities. The Foundation's philanthropic approach focuses on innovation, partnership, and learning testing new ideas, aligning systems, and using data and community wisdom to scale what works. Since its inception, Palm Health Foundation has granted more than $96 million to improve health outcomes in Palm Beach County and position the region as a national model for community-led health innovation.”

“Audit Report Review Process: The audit report is reviewed annually at the audit report review meeting as presented by the independent auditors. The process has not changed from the prior year.”