City of Hope

“Ronald Sargent and Suzanne Vautrinot - Business relationship”

“There are no committees with the authority to act on behalf of the governing body.”

“A copy of the form 990 is reviewed by the risk, audit and compliance committee of the board of directors of city of hope, which assists the board in fulfilling its responsibilities regarding financial, accounting, and corporate compliance matters of city of hope. The form 990 information is compiled by the tax team and provided to ey, an external accounting firm, for the preparation of form 990, which is reviewed thoroughly with internal leadership and external participants, including ey, and retained outside tax counsel. Prior to filing, the city of hope form 990 is made available to voting members of the city of hope board of directors for review.”

“All employees of city of hope and affiliates, board of directors members, board committee members and research team members are covered by city of hope's applicable conflict of interest policies. Determinations as to whether a conflict of interest exists and review of conflict disclosures are made by the general counsel and chief ethics and compliance officer and, as applicable, the chair of the board or the conflict of interest and commitment committee, based up on the classification of person making the disclosure. Restrictions imposed on persons with a conflict vary, based upon the facts, and may include: prohibition from participating in a governing body's deliberations and voting on a given transaction or set of transactions; recusal from the decision-making process relating to business transactions (e.g., purchasing decisions); prohibition from participating as a principal investigator in research; and disclosure of financial interest in research study informed consent forms and publications. Monitoring for conflicts of interest is done through required disclosures and updates by persons covered by the organization's conflict of interest policies. City of hope's policy provides for disciplinary action against persons covered by the conflict of interest policies who do not comply with policy requirements.”

“The executive compensation and governance committee of the city of hope board of directors ("committee"), pursuant to a delegation of authority from the city of hope board of directors, is responsible for setting the compensation of the top management official. The directors on this committee are independent and adhere to a strict conflict of interest policy. Deliberation and decision making are substantiated in the minutes of the committee's meetings. The minutes are reviewed and approved at the next meeting of the committee. As part of the deliberation process, the committee receives advice from an independent, third-party compensation consultant with respect to executive compensation, including review of comparable and benchmark data, current compensation philosophy, structure, and administration of the executive compensation programs at city of hope and affiliates. The committee carries out the board of directors' overall responsibilities relating to executive compensation. The executive compensation philosophy is designed to assist in attracting and retaining the caliber of executive leadership required to enable city of hope to achieve the highest levels of community benefit, impact to clinical care, quality research and efficient philanthropic development. Under the aip and lti described in schedule j, a substantial portion of executive compensation is linked directly to performance goals approved in advance. As a result, performance compensation may vary from year to year. Goal setting under the aip is tied to annual performance, including the attainment of specific business objectives for strategic and financial performance as well as non-financial measures such as patient satisfaction and quality of patient care. The lti is designed to drive long-term organizational performance and transformation by aligning executives with the multi year strategic plan and incentivizing them to achieve key organizational and strategic objectives and goals. With three-year vesting periods, the lti also provides a means for retaining key executive talent. The committee conducts annual compensation reviews for the top management official in december.”

“The executive compensation and governance committee of the city of hope board of directors ("committee") pursuant to a delegation of authority from the city of hope board of directors, is responsible for setting the compensation of, or establishing compensation levels for total compensation consistent with city of hope's compensation philosophy, for senior leaders at the senior vice president or equivalent level. The directors on this committee are independent and adhere to a strict conflict of interest policy. Deliberation and decision making are substantiated in the minutes of the committee's meetings. The minutes are reviewed and approved at the next meeting of the committee. As part of the deliberation process, the committee receives advice from an independent, third-party compensation consultant with respect to executive compensation, including review of comparable and benchmark data, current compensation philosophy, structure, and administration of the executive compensation programs at city of hope and affiliates. The committee carries out the board of directors' overall responsibilities relating to executive compensation. The executive compensation philosophy is designed to assist in attracting and retaining the caliber of executive leadership required to enable city of hope to achieve the highest levels of community benefit, impact to clinical care, quality research and efficient philanthropic development. Under the aip and lti described in schedule j, a substantial portion of executive compensation is linked directly to performance goals approved in advance. As a result, performance compensation may vary from year to year. Goal setting under the aip is tied to annual performance, including the attainment of specific business objectives for strategic and financial performance as well as non-financial measures such as patient satisfaction and quality of patient care. The lti is designed to drive long-term organizational performance and transformation by aligning executives with the multi year strategic plan and incentivizing them to achieve key organizational and strategic objectives and goals. With three-year vesting periods, the lti also provides a means for retaining key executive talent. The committee conducts annual compensation reviews in december to set compensation levels, or where the proposed compensation exceeds compensation levels established by the committee, compensation for senior leaders at the senior vice president or equivalent level.”

“City of hope's articles of incorporation are available to the public from the secretary of state. City of hope's consolidated audited financial statements are available on the city of hope website, and its conflict of interest policies are available by written request made to the conflict of interest manager. City of hope's bylaws are not made available to the public.”

“FULL TIME EXEMPT EMPLOYEES GENERALLY WORK IN EXCESS OF 40 HOURS PER WEEK, WHICH HAS BEEN REFLECTED IN PART VII BY AN ESTIMATE OF 60 HOURS PER WEEK. THE MEMBERS OF THE BOARD OF DIRECTORS ARE NOT COMPENSATED FOR SERVING ON THE BOARD. THE AVERAGE HOURS REPORTED FOR EACH DIRECTOR IS AN ESTIMATE OF THE TIME SPENT PREPARING FOR AND ATTENDING MEETINGS OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HELD FOUR REGULARLY SCHEDULED MEETINGS DURING FISCAL YEAR 2024. THE RISK, AUDIT AND COMPLIANCE COMMITTEE HELD Five REGULARLY SCHEDULED MEETINGS IN FISCAL YEAR 2024.”

“The philanthropic spirit of thousands of volunteers nationwide makes it possible for city of hope and its affiliates to continue its life-saving work. This support helps us help those in need throughout the year. In the current year, a substantial number of unpaid volunteers have made significant contributions of their time to develop city of hope's fundraising network, principally through development and educational programs. The value of this contributed time is not reflected in the information returns or the audited financial statements since it is not susceptible to objective measurement or valuation.”

“Founded in 1913, the City of Hope enterprise has grown into one of the largest and most advanced cancer research and treatment organizations in the United States, and one of the leading research centers for diabetes and other life-threatening illnesses. City of Hope research has been the basis for numerous breakthrough cancer medicines, as well as human synthetic insulin and monoclonal antibodies. With an independent, National Cancer Institute-designated comprehensive cancer center that is ranked a Top 5 "Best Hospital" in the nation for cancer care by U.S. News & World Report at its core, City of Hope's uniquely integrated model spans cancer care, research and development, academics and training, and a broad philanthropy program that powers its work.”

“Most of city of hope's officers and key employees, as well as a few of its highest compensated employees, provide services to more than one city of hope entity, and many of them provide services to all of the entities. For a number of these concurrently employed individuals, the entities have designated the medical center as a "common paymaster" defined in section 3121(s) of the internal revenue code. City of hope reports these concurrent employees' time, effort and compensation on the information returns of city of hope entities based on the individual's estimate of their time spent in and for each entity. As "common paymaster", the medical center issues each of these employees a single combined paycheck and one form w-2.”

“Investment activities of city of hope include investments in multiple vehicles that provide investment income and returns to the institution to further its mission and programs. As a result, there are investments held in offshore hedge funds, mainly registered as cayman exempted corporations. These investments help mitigate risk in the portfolio and represent approximately 12.65 percent of city of hope's overall cash and investment portfolio. City of hope's alternative investments consist of equity commingled funds that invest primarily in marketable securities and fund limited partnerships. Various strategies seek to achieve attractive risk adjusted returns across public and private equity and debt securities, derivatives, private companies, venture capital, real estate, etc. These alternative investments may invest in both registered and non-registered securities in the u.s. And globally, with exposure to both emerging and developed markets. City of hope's hedge fund investments consist of direct and multi-manager "hedge fund of fund" investments. Strategies include long/short equity, long/short credit, and other strategies. Investments in hedge funds have limited liquidity and may be subject to various lockup periods, redemption fees, and notice requirements. Hedge funds typically reserve the right to reduce or suspend redemptions (gating event) and to satisfy redemptions by making distributions in kind, under certain circumstances. Additionally, hedge funds may hold, directly or indirectly, sidepocket investments where no redemptions are permitted until such investments are liquidated or deemed realized. Redemption periods range monthly, quarterly, or annually with notice requirements between 30 to 90 days. City of hope also invests in fund limited partnerships with private equity like terms, including capital calls during its investment period. These select funds, which are currently opportunistic credit strategies, are classified under hedge funds. City of hope's private equity investments consist of fund limited partnerships. Strategies include buyout, venture/growth capital, debt, and secondary private equity. Fund terms are typically ten years or greater. City of hope may not withdraw, sell, assign, or transfer its interests in these funds, except in certain, very limited circumstances, subject to consent by the general partners of the funds. All of these investments have been included in form 990, part x, line 12. City of hope does not have any physical presence outside of the united states. However, its reputation as a world class research and treatment facility is internationally recognized. As a result of this recognition, city of hope receives donations from persons and corporations outside of the united states.”