Commonwealth Health Foundation Inc

“The articles/bylaws of the corporation provide for a member, the role of which is filled by commonwealth health corporation. The bylaws state the approved nominees for director shall be submitted to the board of directors of commonwealth health corporation. Notwithstanding any terms or conditions contained herein relative to numbers, classes or terms of directors, the chairman of commonwealth health corporation board of directors or his/her designee, the chief executive officer of the medical center, the chief executive officer of commonwealth health corporation or his/her designee and the chief financial officer of the medical center shall be ex officio directors, shall be counted for quorum purposes and shall have all the rights and privileges of other directors including the right to vote on all matters properly before the board.”

“The foundation's bylaws allow the parent, commonwealth health corporation, final approval or rejection of all board members of the foundation.”

“Form 990 is sent to board members via secure email. Each board member receives access to review the form prior to the designated filing date.”

“The commonwealth health corporation (chc) (applicable to the corporation and/or its affiliates) code of conduct explicitly states members of the board, administration, the medical staff and all employees are expected to avoid conflict of interest. Further, it requires disclosure of any potential conflicts of interest in a timely manner. All individuals sign an acknowledgement upon employment that they have received a copy of the code of conduct, are familiar with its content, and understand their responsibilities to avoid noncompliant activity. Chc's regulatory compliance and compensation committee (rcc) reviews and approves all contracts between chc and/or its affiliates and disqualified entities. The review is designed to identify potential conflicts of interest by board members and/or officers. Rcc members are prohibited from taking part in decisions regarding transactions with which he/she has a conflict of interest. Annually, written inquiry is made by questionnaire of board members and officers seeking disclosure of conflicts of interest of information that relates to family members. Transactions arising are reviewed by management as they occur.”

“Governing documents, conflict of interest policy, and financial statements are only made available if required, and in the manner required, by a governing agency.”

“Commonwealth health foundation is part of an integrated healthcare delivery system whose parent is commonwealth health corporation, inc (chc). Compensation for all affiliates is overseen and coordinated through chc. Chc uses independent consultants to annually review compensation. Compensation-related determinations are conducted in accordance with applicable requirements of the internal revenue code and regulations to qualify for the presumption that the compensation is reasonable, including but not limited to approval by an authorized committee of the board of directors who do not have a conflict of interest, obtaining and relying on appropriate data as to comparability, and concurrent documentation of the basis for the compensation determinations.”

“Contributions to the foundation serve the community by supporting services such as: - the commonwealth health free clinic, inc., providing medical and dental assistance - the barren river regional cancer center, inc (brrcc), providing transportation for cancer patients so they can receive their treatments and making sure they can get the medications they need for a successful outcome - hospitality house, providing a "home-away-from-home" for caregivers of patients with extended hospital stays - the medical center-wku health sciences complex simulation lab, supporting innovation and product development as well as advanced knowledge in patient care - guardian angel children's services, a program that benefits children under the age of 18 who live in south central kentucky and have specific medical or dental needs”

“CONTRACT FEES - Total Expense: 57407, Program Service Expense: 57407, Management and General Expenses: 0, Fundraising Expenses: 0; EMPLOYEE SUPPORT FEES - Total Expense: 240827, Program Service Expense: 240827, Management and General Expenses: 0, Fundraising Expenses: 0;”

“CHANGE IN BENEFICIAL INTEREST - 47429; Total - 47429;”

“The board of directors assumes responsibility for oversight of the audit of the financial statements and selection of the independent accountant. No processes have changed from prior year.”