Ascension Foundation

“The process for determining compensation of the organization's ceo, executive director, or top management official, as well as that of any other officers or senior executives (if any), is directed by a related organization. The related organization's board committee responsible for compensation oversees the process, utilizing independent delegees within the organization as appropriate, depending on the role. In some cases, the process may utilize comparability data and analysis from a national third-party compensation firm; or, if more appropriate for the role, it may instead utilize other applicable sources of market comparability data as needed to verify reasonableness. The process also includes contemporaneous substantiation of the analysis and decision regarding the compensation arrangement. Compensation is reviewed at least annually and the process is administered to assure independence, avoid conflicts of interest, ensure reasonableness and market comparability of total compensation, and to otherwise abide by pertinent laws and regulations.”

“Ascension foundation has a single corporate member, ascension health alliance, a missouri nonprofit corporation that is described under section 501(c)(3). Ascension is sponsored by ascension health ministries, a public juridic person ("pjp"), which is subject to those rights and obligations which pertain to public juridic persons in the catholic church.”

“Ascension Foundation has a single corporate member, Ascension Health Alliance who has the ability to elect members to the governing body of Ascension Foundation. The members of Ascension Sponsor are the members of Ascension Health Alliance, through which the Ascension Sponsor retains ultimate control over governance matters.”

“All decisions that have a material impact to ascension health's financial information or corporation as a whole are subject to approval by its sole corporate member, ascension health alliance. The following powers are reserved to ascension health alliance: new organizations & major transactions; governing documents; appointments/removals; evaluation; debt limits; strategic & financial plans; assets; system policies s.”

“During the return preparation process, the tax department works with other functional areas which may include, as needed, finance, accounting, treasury, legal, human resources, and corporate compliance for advice, information and assistance in order to prepare a complete and accurate return. A complete final copy of the return is provided to designated management team members with experience in tax, in lieu of the full 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 conflicts 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.”

“THE PHYSICAL ADDRESS FOR THIS ENTITY IS 4600 Edmundson Road, ST. LOUIS, MO 63134. THE ADDRESS ON PAGE 1 IS FOR MAILING PURPOSES ONLY.”