Southwest Health Foundation

“Pursuant to the bylaws, the executive committee is appointed by the chairman of the board on an annual basis. The executive committee shall consist of at least three members of the board of directors. The executive committee shall, during intervals between meetings of the board, possess and exercise all of the powers of the board in the management of the affairs and property of the southwest health foundation except as otherwise provided by law, the bylaws or by resolution of the board. All actions of the executive committee shall be reported to the board at its next meeting succeeding such action and shall be subject to revision and alteration by the board, provided that no rights of third persons shall be affected by any revision or alteration”

“Southwest health foundation (shf) has no employees and does not establish or pay compensation. All compensation reported herein is from shf's supported organization, presbyterian healthcare services.”

“Southwest health foundation (shf) has one member, presbyterian healthcare services (phs), its supported organization. Phs elects the governing board of shf. Phs's approval is also required for any merger, consolidation, or dissolution of shf and for the sale, lease, exchange, mortgage, pledge or other disposition of all or substantially all shf property and assets.”

“See response for form 990, part vi, line 6.”

“See response for form 990, part vi, line 6.”

“Southwest health foundation (shf) utilizes a multi-level review process during preparation and submission of the annual form 990. The first draft of form 990 is prepared by the presbyterian healthcare services (phs) tax director. This information is gathered from numerous sources across the organization, including finance, governance, legal, communications, etc. In addition, all phs compensation-related data is reviewed in detail by the phs human resources benefits director and the phs chief people officer. The shf form 990 is then reviewed by phs general counsel, the phs co-controllers, and the phs cfo. These leaders and the phs tax director meet to discuss all significant changes to the current-year form 990 and all substantial variances from prior years before the form 990 is presented to the governing board and subcommittees. Recommendations from the governing board will move to accept (or reject), subject to all board change requests, the final shf form 990 for filing with the irs.”

“Board members are required to comply with the sponsored organization's conflict of interest policy. Conflict of interest statements are submitted annually to phs. Board members are required to remove themselves from conflicts or excuse themselves from votes that may leave any appearance of non-independence. The phs conflict of interest policy is reviewed annually by the governance committee of the phs board and revised if appropriate. Conflict of interest requirements are reviewed with the board and each committee annually and the code of conduct is reviewed as part of the board's compliance training. The board and each committee are required to monitor and enforce the phs conflict of interest policy.”

“Copies of the most current three years' forms 990 are maintained at southwest healthcare foundation management locations. These returns are available for review or photocopy by any individual who requests such. In addition, forms 990 are also published on www.guidestar.org and are available freely to the public in this manner. At this time, governing documents, policies and financial statements are not made available to the general public.”

“Southwest health foundation's (shf) sole purpose is to invest its resources in health-related activities in order to provide a positive return that is granted annually to the parent corporation, presbyterian healthcare services (phs). Phs is a 501(c)(3), tax-exempt health care delivery system serving individuals and communities throughout new mexico.”

“Southwest health foundation (shf) does not have a separate audit committee. However, the parent organization, presbyterian healthcare services, reviews the consolidated audit report on shf's behalf and approves the final report.”