St David'S Community Health Foundation Holdings

“Each year, the board of trustees of st. David's foundation (the "foundation board") elects voting members of the board of trustees of the reporting organization. Voting members include the chairman, vice chairman and secretary of the foundation board. The foundation board has the sole discretion to remove any trustees from or to fill any vacancies on the reporting organization's board.”

“The authority of board of trustees of the reporting organization is limited with respect to the following actions, each of which must be approved by the board of trustees of st. David's foundation: 1) amendment or restatement of the organization's articles of incorporation or bylaws; 2) merger, consolidation, or dissolution of the organization or establishment of any subsidiary of the organization; 3) sale, conveyance, lease, exchange, pledge or mortgage of all or substantially all of the organization's assets; 4) sale, conveyance, or mortgage of any real property of the organization; 5) acquisition or purchase of any unbudgeted real or personal property in excess of $100,000; 6) lease of any real or personal property for more than one year involving an unbudgeted obligation or expense exceeding $100,000; 7) execution and delivery of any contract which requires an unbudgeted expenditure, obligation or pledge of more than $100,000; 8) adoption of the annual budget of the organization; 9) establishment of or amendment to articles of incorporation or bylaws of any legal entity in which the organization is a partner, participant, joint venturer, controlling shareholder, or sole member, and subsidiary thereof; 10) guarantee of any debt of the organization; 11) selection of the independent accountant for the organization's annual audit.”

“Each board member receives a copy of the final form 990.”

“The reporting organization annually verifies compliance with the conflicts of interest policy. The individuals covered by this policy include the officers and directors. The persons covered by this policy are required to annually disclose or update on a form provided by the organization 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 organization or, if the person refuses to resign, become subject to possible removal in accordance with the organization's removal procedures.”

“The reporting organization's governing documents, conflicts of interest policy, and financial statements are available to the public upon request. Please contact the cfo at 512-879-6600.”

“The reporting organization's financial statements were audited by an independent accountant as part of consolidated financial statements. The consolidated financial statements included st. David's foundation, st. David's community health foundation holdings, st. David's foundation community fund, st. David's community health foundation initiatives, st. David's foundation impact fund, lp, and st. David's foundation impact fund gp, llc.”

“The reporting organization is filing an amended 2017 form 990 to correct its reporting of an unusual grant that was inadvertently included in schedule a, part ii, section a, line 1, column (e) on its originally filed return. A grant of $150,000 was received during 2017, and based on factors enumerated in treas.reg. Sections 1.170a-9(f)(6)(ii) and 1.509(a)-3(c)(3), is properly classified as an unusual grant. The contribution is an unusually large gift and would result in not meeting the public support test if not considered an unusual grant. The reporting organization does not have a history of excluding large grants to achieve the public support threshold. On this amended return, the reporting organization has correctly removed the $150,000 from schedule a, part ii, section a, line 1, column (e), and has disclosed the unusual grant on schedule a, part vi.”