Franciscan Foundation Washington

“The executive committee consists only of directors of the corporation and is composed of the chairperson of the board, the vice chairperson of the board, and the president and chief executive officer of the corporation, each of whom serve as ex officio voting members of the executive committee. The executive committee has the power to transact the routine business of the corporation in the interim periods between regularly scheduled meetings of the board of directors, provided that their actions are consistent with any actions or policies of the board or the corporate member. All actions taken are contemporaneously documented and reported to the board at the earliest meeting.”

“According to the organization's bylaws, the entity's sole member is franciscan health system, a washington nonprofit corporation.”

“According to the organization's bylaws, directors shall be appointed or refused by the corporate member. The corporate member may appoint one or more individuals to the board of directors, and may at any time remove, with or without cause, any member of the board of directors. According to the organization's bylaws, directors of the corporation shall be appointed by the corporate member no later than june 30 of each year. The names and qualifications of each individual accepted by the board of directors shall be submitted to the corporate member, who shall appoint or refuse each nominee in accordance with the corporate member's bylaws and with endorsement of the senior vice president of operations. The corporate member may unilaterally appoint one or more individuals to the board of directors should the board fail to furnish the corporate member with a list of individuals qualified to serve on the board of directors of the corporation. (chcf reserved rights) except as otherwise provided in the corporation's articles of incorporation or the laws of the state of organization, catholic health care federation ("chcf") shall have such rights as are reserved to the corporate member, acting in its capacity as the membership body of chcf, under the governance matrix.”

“The organization's corporate member is franciscan health system (fhs). Pursuant to section 5.4 of the organization's bylaws, both fhs and commonspirit health (fhs's sole corporate member) have reserved powers as outlined in the commonspirit health governance matrix. Pursuant to the governance matrix the following rights are held by the fhs board: * approve members of the franciscan foundation board * amendment of the corporate documents of the franciscan foundation * approve removal of a member of the governing body of franciscan foundation * adoption of long range and strategic plans for franciscan foundation the following rights are reserved to the commonspirit health board directly or through powers delegated to the commonspirit health chief executive officer: * substantial change in the mission or philosophy of franciscan foundation * removal of a member of the governing body of franciscan foundation * approval of issuance of debt by franciscan foundation * approval of participation of franciscan foundation in a joint venture * approval of formation of a new corporation by franciscan foundation * approval of a merger involving franciscan foundation * approval of the sale of all or substantially all of the assets of franciscan foundation * to require the transfer of assets by the franciscan foundation to commonspirit health to accomplish commonspirit health's goals and objectives, and to satisfy commonspirit health debts. Pursuant to section 5.5 of the organization's bylaws, franciscan health system or commonspirit health may, in exercise of their approval powers, grant or withhold approval in whole or in part, or may, in its complete discretion, after consultation with the board and its president and the chief executive officer of the organization, recommend such other or different actions as it deems appropriate. (chcf reserved rights) except as otherwise provided in the corporation's articles of incorporation or the laws of the state of organization, catholic health care federation ("chcf") shall have such rights as are reserved to the corporate member, acting in its capacity as the membership body of chcf, under the governance matrix.”

“The cfo reviews the form 990 and any necessary changes are included in the final version that is approved for filing with the irs. The cfo also provides the return to the board via electronic means prior to filing. Subsequent to review, the tax department files the return with the appropriate federal agencies, making any non-substantive changes necessary to effect e-filing. Any such changes are not resubmitted to the board.”

“The organization has a conflicts of interest ("coi") policy (the "policy") in place to maintain the integrity of its activities. The policy applies to the following persons ("covered persons"): members of the commonspirit health ("commonspirit") board of stewardship trustees and its committees; commonspirit health corporate officers; members of the dignity health board of stewardship trustees and its committees. In addition, the policy applies to organizations that were affiliates and subsidiaries of commonspirit health prior to its affiliation with dignity health ("chi entities"). Covered persons of chi entities include: members of any chi entity direct affiliate or subsidiary board and their committees; employees of chi entities; and chi entity researchers (as defined by the policy). Disclosure, review and management of perceived, potential or actual conflicts of interest are accomplished through a defined coi disclosure review process. All covered persons are required to disclose actual or potential conflicts and must disclose that conflict to his/her direct manager (or other person as is appropriate per policy). Such disclosure is required on a transactional basis at the time such conflicts arise, when an individual becomes a covered person (e.g. Upon hiring or board appointment), and annually thereafter. Disclosures of perceived, potential or actual conflicts are initially reviewed by national or regional legal or corporate responsibility team members to determine whether an actual or potential conflict may exist. If it is determined that a potential or actual conflict exists, issues are elevated to the board executive committee or board chair (for board or officer conflicts), or the conflicts of interest review committee (for any other conflict). The procedures for addressing a conflict related to a proposed transaction in the case of governing bodies or a corporate officer include, but are not limited to 1) disclosure to the board, 2) the trustee or corporate officer being excused from the meeting during discussion and vote on the conflict of interest (although he or she may respond to pertinent questions if the knowledge is relevant), and 3) board approval of the transaction by a majority of disinterested members. In addition, boards carefully review and scrutinize any non-transactional conflicts of interest. In such circumstances, by a majority vote of the disinterested trustees, the board takes whatever action is deemed appropriate. For conflicts not involving a board member or officer, the conflicts of interest review committee ("c-circ") will facilitate a coi management plan to mitigate the conflict if adequate controls aren't already in place. Notwithstanding the foregoing, at its sole discretion, an entity may reject a person's request to enter into the relationship in question, or require the relationship be sufficiently altered to avoid a potential conflict of interest.”

“Form 990, part vi, line 15a the organization's president's compensation is paid by fhs, a related organization. Fhs uses an external compensation firm who utilizes actual market data compensation from similar institutions with comparable positions and compensation levels and considering the organization's geographic location. The executive committee of the board annually evaluates and approves the executive compensation arrangement for each executive for fair market value along with other applicable factors relied on by the board's determination. The supporting documentation becomes part of the minutes of the meeting. This process is completed yearly. Form 990, part vi 15b during the tax year ended 6/30/2020, no officers, directors or trustees received compensation from the organization. Any executive compensation paid to officers, directors or trustees by related organizations was set by the related organization's compensation committee utilizing both an independent consultant and comparability studies to determine compensation. Therefore, these questions are more appropriately answered as n/a.”

“The organization's financial statements, conflict of interest policy and governing documents are available to the public upon request. The organization's financial statements are included in commonspirit health's consolidated audited financial statements that are available at www.commonspirit.org.”

“The organization's board has not formally adopted a written document retention & destruction policy. The organization follows the policy and procedures of franciscan health system, it's sole corporate member, but the franciscan foundation board has not officially adopted the policy.”

“I. Introduction mission and vision the franciscan foundation was incorporated as a 501(3), tax-exempt, charitable foundation in 1986 to serve as the official gift-receiving and gift-administration agency for two chi franciscan hospitals in neighboring western washington communities, st. Joseph medical center of tacoma and st. Francis hospital of federal way. Although health care foundations serving multiple hospitals are a fairly common way of reducing health care costs today, the franciscan foundation was washington's first regional health care foundation serving more than one hospital. In subsequent years, the franciscan foundation also assumed fund development and gift management responsibilities for st. Clare hospital of lakewood, st. Anthony hospital of gig harbor, st. Elizabeth hospital of enumclaw, franciscan hospice and palliative care and a growing number of franciscan medical group clinics in the south puget sound area. The franciscan foundation's 8-member staff and 11-member board of trustees raise funds through annual giving, major gifts, planned giving, special events, corporate/foundation grants and capital campaigns to help fund virtually every health care program, project and community outreach service offered by the hospitals, and clinics of chi franciscan. In fy 2020, the franciscan foundation raised $2,794,475 for these purposes through gifts and pledges from 2,493 donors. At the same time, it disbursed $6,318,535 back to facilities and the community through its support of chi franciscan's nonprofit health care services. Over the past 35 years, the foundation has generated over $112 million and disbursed $116.29 million back into the community, and it currently maintains reserve assets of about $22.4 million. B. Community benefit providing quality health care for all who need it, regardless of ability to pay, is an important part of the chi franciscan's mission as well as that of the foundation. The franciscan foundation assists chi franciscan in providing care for the poor by encouraging its donors to contribute gifts for charity care and making their gifts available to chi franciscan for use in assisting the poor in paying for their care. C. Financial assistance policies and programs in addition to providing funding for uncompensated patient care, the franciscan foundation raised funds to provide financial assistance for comfort therapies programs not covered by insurance. Patient assistance funds support diagnostic and treatment costs, the purchase of clothing for the franciscan clothing closets, canes, crutches, prostheses and wheel chairs and to pay for transportation home from the hospital for patients who don't have money to pay for these things themselves. The foundation funds two popular physician lecture series which help the community's physicians stay current on the latest health care research developments and medical techniques. Last year the foundation awarded $64,750 in academic scholarship funding to 27 nurses, technicians and other health care providers to help them improve themselves professionally and provide the best possible care for their patients. The franciscan employee giving program distributed $162,922 in emergency assistance and small grants to employees in need. Finally, the foundation's fy 2020 fund-raising events for chi franciscan hospitals included the franciscan hospice and palliative care "angels on earth" luncheon, st. Clare hospital golf tournament, and bras for a cause. Ii. Qualitative description of community benefit a. Community outreach for those in need in fy20, the foundation, in partnership with the chi franciscan community contributions program and mission programs, provide financial support for a wide range of other non-profit agencies in the community whose mission and goals are consistent with the healthy- community-building goals of chi franciscan. In fy20 the franciscan foundation distributed $133,238 in contributions and sponsorships to organizations in pier”

“Contract labor: program service expenses 0. Management and general expenses 11,197. Fundraising expenses 9,161. Total expenses 20,358. Purchased services: program service expenses 0. Management and general expenses 535,076. Fundraising expenses 372,771. Total expenses 907,847.”

“Capital transfers 1,186,486.”

“Capital transfers $1,186,486”