Valley Children'S Healthcare Foundation

“Valley children's healthcare is the sole member of the corporation. Certain member rights include the right to approve, elect, and remove elected board members of the foundation.”

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“See answer for line 6 above”

“A summary of the form 990 is uploaded to a secured board portal and the form 990 is made available in the foundation office prior to the filing date. Board members are asked to review the summary and 990 and present any questions they may have to the cfo. In addition, a meeting is held to review the form 990 and provide for additional time to answer questions. Changes can then be made if warranted before the 990 is filed.”

“The foundation board of trustees maintains a conflict of interest policy within the foundation's corporate bylaws. The policy requires each trustee to disclose personal financial interests by executing annual statements and reporting specific interests on an ad hoc basis. A standing valley children's healthcare governance committee is tasked to review disclosed interests, to assess whether a conflict of interest exists and make recommendations regarding further action as may be necessary to mitigate or eliminate a conflict. Foundation support staff are employed by valley children's hospital and are therefore subject to the hospital's conflict of interest policy.”

“The officers and support staff of the foundation are employed by the hospital. As such, the foundation does not have employees that it pays directly. As provided by valley children's healthcare bylaws, a compensation committee has been established that consists of a chair and at least three members of the board of trustees. The primary role of this committee is to ensure that compensation is reasonably related to the duties performed for the network and with the competitive employment market. Duties and activities specific to president, officers, and key employees of the organization include: 1) periodic review based on the independent advice of an external qualified compensation consultant 2) review of market data for equivalent positions 3) review and approval of terms and conditions of the president's employment and oversight to assure formal and timely performance assessments are conducted 4) review and approval of executive level compensation to assure that terms and conditions of employment are market competitive”

“A copy of foundation's articles of incorporation is on file with the california secretary of state. A copy of the corporate bylaws of the foundation is available to the general public upon request. Conflict of interest management is described in article 10 of the bylaws. The hospital prepares consolidated annual financial statements which are audited by an independent accounting firm. These statements are available upon request.”

“Change in fair value of gift annuity 695.”

“The valley children's healthcare foundation is a charitable tax-exempt organization benefiting valley children's healthcare and its affiliated entities, valley children's hospital and valley children's medical group. The foundation's mission is clear and unequivocal: "generate funds to support the goals of valley children's healthcare and its affiliated entities, valley children's hospital and valley children's medical group." as the fundraising arm of valley children's healthcare and its affiliates, the foundation utilizes a variety of programs to raise philanthropic funds to meet valley children's healthcare's mission. The foundation is a participating member of the children's miracle network, and other widely anticipated valley events, including the annual kids day and the harvest ball. In addition, the foundation has developed corporate, annual cause-marketing, outside special events, tributes, direct mail, and major and planned gift programs. While the only "member" of the foundation is valley children's healthcare, the work of the foundation is directed and assisted by the board of directors comprising 15 volunteer community members. Founded in 1981, the foundation has developed and led community-based philanthropic efforts to support the hospital in addition to the work of the hospital guilds. In its initial years, the foundation's fund raising efforts were largely focused on special events and annual programs. Presently the foundation is focused on building programs to support a major gifts culture to compliment the core annual funding programs.”