St Vincent Foundation

“Svf has one member, svmc, a california nonprofit corporation.”

“Svf's sole member, svmc, has the power to appoint, elect or approve at least a majority of the governing body of svf. This power is now held by the liquidating trustee.”

“Svc's sole member, sfmc,has the power to take or approve the following actions as it relates to svf: a) approve to change the mission, role and purpose of this corporation; b) amend the bylaws and articles of incorporation for this corporation; c) authorize the board of trustees to amend the bylaws, articles of incorporation or other orgainizational documents of any affiliate or subsidiary controlled by the corporation; d) approve the formation, merger, dissolution, consolidation, divestiture, closure, change in corporate membership or control and reorganization of each direct affiliate of this corporation; e) fix the number and appoint and remove the trustees of this corporation; f) appoint and remove the chairperson of the board and the chief executive officer of this corporation and of each direct affiliate or subsidiary of this corporation; g) approve the merger, consolidation, reorganization or dissolution of this corporation or any direct affiliate of this corporation and the disposition of the assets of this corporation or any direct affiliate upon dissolution; h) approve the aquisition, sale, lease, mortgage, transfer or other alienation of real or personal property of this corporation other than in accordance with the system authority matrix; i) approve the capital and operating budgets of this corporation or of any subsidiary of this corporation; j) approve the recurrence of debt or guarantees of this corporation other than in accordance with the system of authority matrix; k) establish policy concerning quality of care and services for the corporation and to approve any such policies of this corporation that are inconsistent with the system authority martrix; l) establish policy and procedures concering finance and resources for the corporation and to approve any such policies or prodedures that are inconsistent with such policies or procedures; m) establish criteria for the long-range financial and strategic plans of the corporation and to approve such plans; n) establish an internal auditing program and approve any material element of the internal auditing program for ths corporation that is inconsistent with the internal auditing program established by verity health systems, inc. ("vhs") the corporate member; o) approve capital expenditures by this corporation or for any affiliate controlled by this corporation and one or more other affiliates of vhs other than in accordance with the system authority matrix or the policies established by the corporate member; p) approve the transfer of funds, by gift or loan, between this corporation and one or more other affiliates of vhs and this corporation or to any person or entity other than in accordance with the system authority matrix; and q) approve any other action by this corporation or for any affiliates controlled by this corporation that has been established by resolution of the corporate member as requiring its approval, including, but not limited to, any approvals of authority necessary to ensure compliance with any credit agreement, master indenture or loan agreement to which this corporation or any affiliate controlled by this corporation is a party.”

“The tax preparers and staff of the liquidating trustee of vhs and its affiliated companies (the organization") work to gather the required information necessary to complete the form 990. The initial draft is reviewed by the tax preparers and staff of the liquidating trustee. After the review, recommended changes are discussed and the final 990 is prepared. Prior to filing with the internal revenue service, the final form 990 is reviewed by the liquidating trustee. Changes recommended by the liquidating trustee, if any, to the form 990 are made prior to signing by the liquidating trustee and subsequent filing. On september 4, 2020, effective date of the plan of liquidation occurred and the plan was substantially consumated. All conditions precedent to the effective date of the plan set forth in section 12.2 of the plan have either been satisfied or waived in accordance with plan and the confirmation order.”

“Vhs has a conflict of interest policy that covers vhs and all of its affiliates. The policy provides for a systematic and ongoing method of requiring individuals who have decision making responsibility to disclose and address potential and actual conflicts of interest. Covered individuals are required to complete an annual statement disclosing any conflicts of interest and have a duty to update any disclosure for any potential conflicts of interests that arise during the year. The president and ceo of each individual hospital within the health system reports the conflict of interest findings and resolutions to their respective board of directors. This policy is reviewed annually by the liquidating trustee.”

“No documents are made available to the public.”

“On august 31, 2018, verity health systems and 16 of its affiliated companies, including st. Vincent foundation, each filed voluntary petitions for relief under chapter 11 of the united states bankruptcy code. The bankruptcy cases are jointly administered under case no. 18-20151 in the united states bankruptcy court for the central district of california. On september 4, 2020, the effective date of the plan of liquidation occurred and the plan was consummated. All conditions precedent to the effective date of the plan set forth in section 12.2 of the plan have either been satisfied or waived in accordance with the plan and the confirmation order. Court filings are available at kccllc.net/verityhealth.”