St David'S Foundation

“The board of trustees established an executive committee (the "committee") to assist the board in fulfilling its oversight responsibility for the operations of the foundation and its related entities. The committee has the power to conduct the business of the foundation during the period between meetings of the board, in accordance with the policies and expressed wishes of the board and established protocol. The board of trustees has adopted a set of central governance principles to provide a specific framework for the decision-making and governance activities of the committee. The committee is authorized to secure such resources as it reasonably needs to fulfill its responsibilities, including outside consultants, as appropriate. The chief executive officer of the foundation, or an appointed representative, serves as the committee's staff liaison. The committee also consists of the board chair, board vice chair, board secretary, the past chair, the chair of the board of governors of the partnership, and up to three at-large members from the board of the foundation. All committee members are governing board members, must be independent of management, and receive no compensation from the foundation. The executive committee meets on an ad hoc basis and did not meet in 2024.”

“The foundation's board of trustees has adopted central governance principles that outline certain delegations of authority as follows: decisions on budget transfers of amounts of less than $1 million of budgeted expenditures is delegated to the chief executive officer (ceo), upon a recommendation provided by the appropriate vice president overseeing such expenditure. The ceo also has authority to approve direct community benefit expenses under $1 million, after notice to the board of the proposed expenditure. Decisions on contracts and expenditures of amounts of $250,000 or less are delegated to the ceo, with board chair approval.”

“The st. David's foundation's form 990 is prepared by a nationally recognized tax firm in conjunction with its finance team staff. The foundation's tax and audit committee performs a comprehensive review of the draft of the form 990 prior to it being finalized. The form 990 is then shared with the full board of trustees for review and comment, after which time the form 990 is electronically filed with the internal revenue service.”

“The foundation annually verifies compliance with the conflicts of interest policy. The foundation's officers and trustees are required to annually disclose any activities or relationships that could give rise to conflicts of interest. For each disclosure, a determination is made whether the potential conflict requires either recusal from participation in related discussions or decisions, or resignation or removal from the foundation or its board of trustees.”

“The foundation uses the benchmark report of an independent compensation consultant to establish the compensation of the foundation's top management officials, other officers, and key employees. The latest compensation report was completed in 2022 without participation of any officer, director, or other top management official under consideration. The board of trustees' compensation committee approves compensation for the foundations officers and/or key employees. This process was undertaken for the following officers and/or key employees for 2024 compensation on december 4, 2023: edward burger, ceo fernando x. Pena, evp and general counsel amy vaughan, vp of finance cathy iberg, vp of investments regan gruber moffitt, vp of community investments shailee gupta, director of dental programs julian huerta, vp of community programs”

“The st. David's foundation's governing documents, conflicts of interest policy, and financial statements are available to the public upon request.”

“The foundation is one of the largest health foundations in the united states, funding more than $80 million annually in a five-county area surrounding austin, texas, including bastrop, caldwell, hays, travis, and williamson counties. Through a unique partnership with the st. David's healthcare partnership, lp (the "partnership"), the foundation strategically distributes proceeds from the hospital system back into the community, with the goal of improving the health and well-being of the foundation's most underserved central texas neighbors. Form 990, part iii, line 4a, program service accomplishments: in 2024, the foundation distributed grants in response to four open calls, including: -we all benefit: increasing access to quality, responsive care, focused on increasing access to quality, responsive care by supporting organizations or collaboratives currently enrolling eligible central texans in health insurance benefits (e.g. Medicaid, chip, aca) and supporting individuals, the community, or organizations in the eligibility determination and enrollment process through outreach, education, or training. -community driven change: equipping communities to achieve their health priorities, focused on elevating organizations engaging community members in decision making and leadership to foster healthier communities in bastrop, caldwell, hays, travis, and williamson counties. -housing + health: funding for planning and predevelopment, focused on supporting nonprofit organizations, local government, or collaboratives working to improve affordable housing for low- to moderate-income households in central texas. -investing in impact: community directed giving through intermediaries, focused on supporting the capacity of community-rooted intermediaries with the potential to re-grant st. David's foundation funding to serve low-resourced entities, emerging nonprofits, grassroots organizations with limited infrastructure, neighborhood associations, informal community networks, community-based initiatives, and community constituents toward the foundation's mission of advancing health equity. Form 990, part iii, line 4b, program service accomplishments: this program also educates students and families about dental hygiene habits. Since the dental program began in 2000, the foundation has conducted approximately 250,000 dental visits and treated more than 100,000 patients, totaling more than $100 million in free dental treatment for the community.”

“The foundation owns a general partner interest in st. David's healthcare partnership, lp, llp ("partnership"). In the interests of full transparency, the foundation notes that it pays a portion of the partnership's ceo and cfo compensation as follows: shari collier, cfo salary $170,792 employee benefits $15,263 david huffstutler, ceo salary $347,207 employee benefits $34,426”