Baptist Health Foundation Inc

“The foundation has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowments. Endowment assets include those assets of donor restricted funds that the foundation must hold in perpetuity or for a donor-specified period(s). Under this policy, as approved by the board of directors, the endowment assets are invested in a manner that is intended to satisfy the foundation's long-term investment objectives. To satisfy its long-term investment objectives, the foundation relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The foundation targets a diversification of investments with established parameters for managed funds within prudent risk constraints. The equity, fixed, and cash investments are diversified with respect to industry, geography, and other portfolio statistical characteristics. At no time may the original principal contribution by the donor be invaded for the purpose of making a distribution unless such action is provided for in the donor's agreement and recommended by a vote of the board of directors.”

“The foundation is organized as an alabama nonprofit corporation and has been recognized by the irs as exempt from federal income taxes under irc section 501(a) as an organization described in irc section 501(c)(3), qualifies for the charitable contribution deduction, and has been determined not to be a private foundation. The foundation is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, it is subject to income tax on net income that is derived from business activities that are unrelated to the foundation's exempt purposes. Management has determined that the foundation is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. Management believes that the foundation has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

“Fundraising expenses netted against revenue 170,304.”

“Fundraising expenses netted against revenue 170,304.”