St. Charles Foundation Inc.

“The St. Charles Foundation's sole corporate member is St. Charles Health System, Inc. (SCHS).”

“The CEO of the sole member is a voting director. The successors to those directors whose terms have expired are selected by the Board.”

“The SCHS Board of Directors has the right of approval regarding any decision made by the St. Charles Foundation Board of Directors.”

“The Form 990 was prepared by SCHS with assistance from the St. Charles Foundation. The Form 990 was reviewed by the SCHS Director of Accounting as well as an independent tax consultant, both CPAs. It was also reviewed by the Executive Committee of the St. Charles Foundation and presented to the full Board of Directors prior to filing.”

“The Board is responsible for monitoring Board and Committee deliberations and conflicts of interest. The Foundation adheres to the Conflict of Interest policy established by SCHS. A Conflict of Interest disclosure is to be completed annually by Board members and staff.”

“The Executive Director of the St. Charles Foundation is an employee of St. Charles Health System, Inc. (SCHS). SCHS purchases independent third-party surveys from four major national survey companies. Each survey includes data for at least five other reporting organizations. St. Charles Foundation does not compensate any officers or key employees.”

“Copies of governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“SCHS provides certain personnel, office space, and supplies for use by the St. Charles Foundation. In 2013, the total amount paid by SCHS to benefit the Foundation was $869,269. Included in this total was $615,787 for personnel salaries and benefits; $67,295 for office space and equipment leases; and $146,187 in supplies, education, meetings and special events. The St. Charles Foundation does not report these expenses on its Form 990, as they are reported as expenses by SCHS.”

“A questionnaire was sent to all persons listed in Part VII for purposes of Part IV, Line 28; Part VI, Line 2; Part VII, Column (E) and (F) for related organizations; for Schedule L and for Schedule J.”

“The end of the year balance of the Endowment Funds does not agree with the permanently restricted net assets as shown on the balance sheet on Form 990 Part X due to Schedule D's inclusion of the investment earnings and distributions. All earnings on endowment funds are temporarily restricted until they are spent. The permanently restricted net assets reported on the balance sheet includes the endowment corpus, while the accumulated, unspent earnings on these funds are reported in the temporarily restricted net assets on the balance sheet.”