Lucile Packard Foundation for Childrens Health

“The executive committee has the authority to transact all regular business of the board between board meetings with the exception of certain specific powers which include appointing, removing, or amending terms of employment or engagement of officers, agents, and key employees of the foundation; changing the location of the principal office of the foundation or otherwise effecting changes to the primary location for the board meetings or operations; adopting and using a corporate seal and/or altering the form of the seal; and borrowing money or incurring indebtedness. The executive committee is composed of the chairman of the board, the president/ceo of the foundation, and the chairs of all other standing committees. All members of the executive committee are members of the board.”

“J taylor crandall, george phipps, and chris schaepe have a business relationship. Ken goldman and j taylor crandall, business relationship ken goldman and brad koenig, business relationship ken goldman and david lee, business relationship ken goldman and gary dillabough, business relationship christopher dawes and david alexander, business relationship”

“Added the option for a board member to serve a fourth 3-year term as chair of the board plus one more year as past chair (so up to 13 continuous years of service). Prior to this change, all board members were restricted to three 3-year terms before the requirement to term off for at least a year. (see art 7, section 3, and art 8, section 6 of revised by-laws)”

“The foundation's audit committee and board are primarily responsible for reviewing and approving the foundation's form 990 before it is filed with the irs. The audit committee reviews the form 990 in detail at its fall meeting. Pending any open questions or comments, the audit committee approves the form 990 for recommendation to the board. A final draft of the form 990, as approved by the audit committee, is made available to the full board no less than one week prior to its annual meeting. The board (or executive committee, if required for timing) approves the form 990 for filing with the irs, subject to any comments.”

“Directors, officers, and key employees ("key persons") are required to review the conflict of interest policy on an annual basis and to disclose all real and potential conflicts of interest. Key persons are required to confirm that they have reviewed the policy by signing that they have done so, even if no conflicts are disclosed. In addition, key persons are required to disclose real or apparent conflicts at the time when such conflicts arise during discussions of the board, board committees, or staff. Key persons with conflicts are required to recuse themselves from related discussions and decisions. The foundation's cfo and ceo are responsible for ensuring compliance with the conflict of interest policy.”

“The foundation has a compensation committee comprised entirely of independent directors, none of whom have a conflict of interest with the ceo, cfo or any of the key employees. The compensation committee establishes the compensation philosophy for the organization and meets annually to set the salary for the ceo and cfo and review and approve salaries for key employees. The committee has engaged a third party independent compensation consultant to attend its annual meeting the last of which was held on december 3, 2013. In determining compensation levels, the committee uses two independent third party salary surveys, one published by woodmark and one published by lasnik broida. In addition, the committee's compensation consultant prepared an independent review of the ceo's compensation in 2012. Key deliberations of the compensation committee are documented in meeting minutes which are approved at the next committee meeting.”

“While federal tax laws do not mandate that the organization's governing documents, conflict of interest policy and financial statements be made available for public inspection, the organization makes its governing documents and audited financial statements available upon request.”

“Volunteers include the foundation's board of directors as well as volunteers who support various foundation fundraising events.”

“Sale of donated securities 14,947.”