Valleycare Charitable Foundation

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

“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.”

“Valleycare charitable foundation's executive committee conducted market research independently, utilizing information from the advisory board company, association for healthcare philanthropy, as well as information gathered from 990 forms for local similar organizations. In consultation with the head of human resources of stanford health care - valleycare, the executive committee finalized the compensation package and job qualifications for the executive director. The executive committee and the board approved the compensation package for all vccf employees.”

“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.”