Valleycare Charitable Foundation

“Robert shapiro and joyce shapiro are married and both serve as board members.”

“On june 28, 2021, the hospital committee of the livermore-pleasanton areas doing business as stanford health care-valleycare (shc-vc) entered into a merger agreement with valleycare charitable foundation (vccf). Shc-vc is the owner and operator of a general acute care hospital, and vccf's purpose was to solicit, receive, and maintain gifts for the hospital. Under the merger agreement, vccf would be merged with and into shc-vc. The merger of vccf and shc-vc was consummated and became effective on july 12, 2021 upon the filing of the merger agreement with the secretary of state of california, leaving shc-vc as the sole surviving corporation. The last day of vccf's existence as a separate corporation was on july 11, 2021, and vccf transferred its remaining funds to shc-vc on july 13, 2021.”

“When the affiliation took place on may 18, 2015, the former corporate members of the hospital had the option to become members of the foundation and 452 of them chose to do so. At the end of the current fiscal year, there were 390 members.”

“Members of the organization have the opportunity to vote in the board member elections.”

“The members must approve updates to the bylaws of the organization.”

“The controller assists the cpa in completing the form 990. The controller, chief financial officer (cfo) and the finance committee review the form 990 for accuracy. Prior to filing the return with the internal revenue service, a complete copy of the form 990 is shared with each member of the board of directors for their review. The controller, cfo and the cpa review the form 990 with the board of directors and invite questions. Once these steps are complete, the board votes to allow filing of the form 990 with the irs and the return is filed.”

“Each board member and staff member receives a copy of the conflict of interest policy which defines what is considered a conflict of interest and enables individuals to understand, identify, manage and appropriately disclose actual, potential or perceived conflicts of interest. Each board member and staff member signs the conflict of interest confirmation form annually. In addition, the organization uses a rfp process and documents the decision-making process to demonstrate why a specific contractor, vendor or product is chosen. Board members and staff members are not allowed to participate in the rfp process.”

“The organization makes its form 1023 and 990 available to the public upon request.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”