Pennington Medical Foundation

“1) paula pennington de la bretonne, claude b. Pennington iii, and daryl b. Pennington have a family relationship. 2) paula pennington de la bretonne, claude b. Pennington iii, and daryl b. Pennington have a business relationship. 3) william hodgkins and paula pennington de la bretonne, claude b. Pennington iii, and darryl pennington have a business relationship.”

“A complete copy of the form 990 was presented to the board of trustees for their review prior to filing.”

“Each foundation trustee and officer is obligated to the foundation and to his or her fellow trustees and officers to inform them of any position he or she holds, and of any business activity which may result in a possible conflict of interest or bias for or against a particular action or policy, at the time such action or policy is under consideration by the board. In the course of the foundation meetings or activities, each person discloses any direct or indirect interest in a transaction or decision that potentially could be a conflict of interest; e.g. Whenever the family, employer, or close associates of the person will receive a benefit or gain, or an opportunity or potential for benefit arises, or an opportunity for unfair influence arises, or an opportunity for detriment or harm to the foundation or for benefit or gain to a third party at the expense of the foundation arises. Foundation trustees and officers err on the side of prudence, and declare an actual or potential confilict if in doubt as to a relationship or interest.”

“The foundation makes its form 990 available through guidestar and upon request, and its form 1023 available upon request.”

“The foundation's conflict of interest policy and financial statements are available upon request.”

“Other program services: program service expenses 25,305. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,305. Severance tax: program service expenses 0. Management and general expenses 5,293. Fundraising expenses 0. Total expenses 5,293. Other taxes: program service expenses 0. Management and general expenses 110. Fundraising expenses 0. Total expenses 110.”

“The process did not change from the prior year.”