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 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 three elected governing board officers: chair, vice chair and secretary, the past chair of the foundation, the chair of the board of governors of the partnership, and one 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 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.”

“Board decision matters are delegated by the foundation's board as follows: decisions on budget transfers of amounts of less than $1m of budgeted expenditures is delegated to the chief executive officer, with a recommendation provided by the appropriate vice president overseeing such expenditure. Prior to approval (by the ceo) of any direct community benefit expenses under $1m, the board will be provided with a summary of the proposed expenditure. Decisions on contracts and expenditures of amounts of $250,000 or less are delegated to the chief executive officer, with board chair approval.”

“The foundation's form 990 is prepared by a nationally-recognized accounting firm in conjunction with its finance department. The foundation's tax and audit committee performs a comprehensive review of draft of the form 990 prior to it being finalized and approved for submission to the full board. The form 990 is then shared with the board of trustees for their 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 individuals covered by this policy include the officers and trustees. The persons covered by this policy are required to annually disclose or update on a form provided by the foundation their interests that could give rise to conflicts of interest. For each interest disclosed determination will be made whether to: (a) take no action; (b) assure full disclosure; (c) ask the person to recuse from participation in related discussions or decisions within the organization; or (d) ask the person to resign from his or her position in the foundation or, if the person refuses to resign, become subject to possible removal in accordance with the foundation's removal procedures.”

“To establish the compensation of the foundation's top management officials, other officers, and key employees, the foundation used the report of an independent compensation consultant. The latest compensation report was completed in 2022 without participation of the officer, director or other top management official under consideration. This process was undertaken for the following officers, directors, key employees for 2022 compensation on december 6, 2021: edward burger, ceo fernando x. Pena, evp and general counsel amy vaughan, vp of finance cathy iberg, vp of investments shailee gupta, chief dental officer this process was repeated for the following officers, directors, key employees for additional 2022 compensation on may 5, 2022: regan gruber moffitt, vp of community investments fernando x. Pena, evp and general counsel amy vaughan, vp of finance shailee gupta, chief dental officer”

“The 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 over $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 partnership, the foundation strategically reinvests proceeds from the hospital system back into the community, with the goal of advancing health equity and improving the health and well-being of the foundation's most underserved central texas neighbors. Through investments and action, the foundation is committed to centering health equity so that all central texans have a fair chance to achieve optimal health with no avoidable, unjust, or systematically caused differences in health status due to ethnicity, race, age, ability, or geography. Form 990, part iii, line 4b, program service accomplishments: each of the foundation's nine dental vans is equipped with two dental exam rooms, digital x-rays, and computer workstations. Board-certified dentists, hygienists, and assistants give free high-quality care to children at their schools, so students don't have to miss class, and parents don't have to miss work. Beyond addressing urgent needs, this program also educates students about dental hygiene habits that will last a lifetime.”

“Grant amendments 970,000.”

“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 $179,149 employee benefits $18,896 david huffstutler, ceo salary $359,496 employee benefits $33,449”