Valley Presbyterian Hospital Foundation

“Valley Presbyterian Hospital Foundation has one sole member, Valley Presbyterian Hospital, a California nonprofit public benefit corporation recognized as tax-exempt under Section 501(c)(3) of the Internal Revenue Code.”

“Valley Presbyterian Hospital, VPHF's sole member, has the power to replace any members of the Board at will. Additionally, the Board of Directors of Valley Presbyterian Hosptital may, by resolution, authorize one or more of its officers to exercise its vote on any matter to come before the membership of the Corporation.”

“Valley Presbyterian Hospital, the organization's sole member, has the right to amend the bylaws of VPHF.”

“The Form 990 is completed by an outside accounting firm in conjunction with the organization's accounting and finance staff. The Controller of VPH and the SVP of Finance & CFO then review the draft Form 990, and appropriate revisions are made. Thereafter, the Form 990 is made available to all members ofo the Board of Directors prior to filing with the Internal Revenue Service.”

“VPHF's Board Members are required to sign a conflict of interest statement. Each officer, director, and key employee of VPHF is required to complete an annual conflict of interest disclosure attestation. VPH's Compliance Officer and CEO review these attestations to identify any/all conflicts that the organization must be aware of so the appropriate mitigations can be put in place. Should a board member, officer, and/or key employee have a conflict with any issues being discussed or voted on at the the meeting of the Board of Directors, they would be asked to recuse themselves from the discussion and/or vote on the issue.”

“Form 990, Part VI, Section B, Lines 15a and 15b have been marked "no" as the organization does not compensate any officers or key employees; rather, these individuals are compensated by Valley Presbyterian Hospital, a related organization. Valley Presbyterian Hospital's process for reviewing compensation for these officers and key employees includes review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. Please reference the disclosure for Form 990, Part VI, Section B, Line 15 in Valley Presbyterian Hospital's Form 990 for additional information.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request at the Foundation's location.”

“Change in Split-Interest Agreements 1,336,276.”