Bi3 Fund

“The sole member of bi3 fund shall be bethesda, inc.”

“All of the members of the board of directors of bi3 fund will be bethesda inc. Trustees and the president of bethesda, inc. Thus, the directors of bi3 fund are elected by the bethesda inc. Board of trustees.”

“All of the members of the board of directors of bi3 fund ('fund") will be bethesda inc. Trustees and the president of bethesda, inc. Therefore, the sole member of bi3 fund has the ability to approve all decisions of the fund that are reserved to it by ohio law as well as the fund's regulations.”

“Prior to filing, all voting members of the board are provided an electronic copy of the form 990, after review by the finance and audit committee of the board, along with the committee's summary of the form 990. Subsequent to board review, the returns are filed making non-substantive changes as necessary to effect e-filing. Any such non-substantive changes are not submitted to the board.”

“All board members are required to annually disclose certain financial interests and fiduciary relationships. The executive committee and corporate counsel review responses, conduct further investigation (if necessary), and determine when a conflict exists with respect to a certain transaction. If a conflict exists, the transaction is not to be entered into unless alrternatives are fully investigated, and in their absence, the board, without participation of the interested member(s), determines that the transaction is in the best interest of the organization. Plans to manage the conflict during the relationship are implemented. All discussions are appropriately documented. All directors and managers, which include officers and key employees, are required to annually disclose any circumstances, including family and business relationships, that may create a conflict of interest for the organization. These responses are reviewed and acted upon by a conflict of interest committee.”

“Bi3 fund's governing documents, conflict of interest policy and financial statements are available upon request.”

“The officers and directors for bi3 fund, that show at least 60 hours per week provide services to trihealth, inc. (a related organization who paid the individuals) and its subsidiaries/affiliates ("trihealth") as an entire system. Hours worked, including their duties as officers and directors of the filing organization, are not tracked on an entity by entity basis, thus the average hours per week disclosed are estimates to show that the time spent by these individuals relate to them fulfilling their duties as full-time, 60 hours-per-week employees of trihealth versus their duties as officers and directors of the filing organization. In addition, the compensation reported on form 990, part vii was paid to these individuals in fulfillment of their duties as employees of trihealth.”

“The board of directors of bi3 fund are identical to bethesda, inc. As it is the sole member of bi3 fund. Therefore, the executive committee of bethesda, inc. Will serve as the executive committee for the bi3 fund. The board of trustees of bethesda, inc. ("the corporation"), established an executive committee which may transact all business of the board in the management of the corporation during the period between meetings of the board. It shall act in all personnel matters involving executive personnel including search, selection, employment, compensation, contracts and benefits and it shall assist the board in planning and developing activities or services to further the purposes of the corporation and to assist the community. The executive committee shall consist of the chairperson of the board, past chairperson, the vice chairperson, the president, secretary and treasurer (each with ex officio with vote), and two other members of the board selected by the chairperson of the board.”

“To advance health equity and fuel innovation by investing in trust-based partnerships, including trihealth and community-based organizations. We envision a day when every person in greater cincinnati has a fair and just opportunity to achieve their best health.”

“Beginning in tax year 2024, bi3 fund will award grants to improve maternal and young child health, promote mental health and wellbeing, and support community-driven health priorities.”

“Bi3 fund's financial statements are audited with bethesda, inc., the parent organization of bi3 fund. Bethesda, inc. Has a committee that assumes the responsibility for oversight of the audit of both its and its subsidiaries financial statements as well as the selection of the independent auditor. During the tax year, there was not a change in the process of audit oversight and/or selection of an independent auditor by bethesda, inc.”