Carondelet Foundation Inc

“In determining compensation of the organization's ceo, the process, performed by a related organization, carondelet health network, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The audit committee reviewed and approved the compensation. In the review of the compensation, the ceo was compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the board minutes. The individual was not present when his compensation was decided. The last time this was completed was february of 2013 by the director of human resources.”

“Barbara Fromkin, Trustee of Carondelet Foundation, and Luke Tomkin, Trustee of Carondelet Foundation, have a family relationship.”

“In determining compensation of other officers of the organization, the process, performed by carondelet health network, a related organization, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The executive committee reviewed and approved the compensation. In the review of the compensation, the other officers of the organization were compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the board minutes.”

“Carondelet Foundation, Inc. has a single corporate member, Carondelet Health Network.”

“Carondelet Foundation, Inc. has a single corporate member, Carondelet Health Network, who has the ability to elect members to the governing body of Carondelet Foundation, Inc.”

“All decisions that have a material impact to Carondelet Foundation, Inc. financial information or corporation as a whole are subject to approval by its sole corporate member, Carondelet Health Network.”

“Management, including certain officers, works diligently to complete the Form 990 and attached schedules in a thorough manner. Historically, Management has presented the Form to the Board, or a designated committee, to review and answer any questions. In addition, prior to filing the return all Board Members were provided the Form 990 and management team members were available to answer any Board Members' questions. Due to changes in organizational roles and responsibilities, system leadership reviewed the returns in lieu of the Board.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy in that any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee will decide if conflicts of interest exist. Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the Conflict of Interest Policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose.”

“The organization will provide any documents open to public inspection upon request.”

“Net assets released from restrictions - 1924938;”

“The financial statements of carondelet foundation, inc. Fall under the limited scope audit of ascension health alliance. The activity of carondelet health network and other members of the carondelet health network are reported in the consolidated financial statements of ascension health alliance. No individual audit report of carondelet foundation, inc. Is completed.”