St. Vincent Foundation

“Form 990, part vi, section a, line 6 st. Vincent foundation ("svf"), has one member, st. Vincent medical center ("svmc"), a california nonprofit corporation.”

“Form 990, part vi, section a, line 7a svf's sole member, svmc, has the power to appoint, elect or approve at least a majority of the governing body of svf.”

“Form 990, part vi, section a, line 7b as the sole member of svf, svmc has the power to take or approve the following actions as it relates to svf: (a) approve or change the mission, role, and purpose of this corporation; (b) amend the bylaws and articles of incorporation; (c) authorize the board of trustees to amend the bylaws, articles of incorporation or other organizational documents of any affiliate or subsidiary controlled by this 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 of this corporation upon dissolution; (h) approve the acquisition, 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 guaranties of this corporation other than in accordance with the system 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 matrix; (l) establish policy and procedures concerning finance and resources for the corporation and to approve any such policies or procedures 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 any such plans; (n) establish an internal auditing program and approve any material element of the internal auditing program for this corporation that is inconsistent with the internal auditing program established by vhs or the corporate member; (o) approve capital expenditures by this corporation or for any affiliate controlled by this corporation 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 other person or entity other than in accordance with system authority matrix; and (q) approve any other action by this corporation or for any affiliate 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.”

“FORM 990, PART VI, SECTION B, LINE 11B The independent tax preparers and finance staff of VHS and its affiliated companies (the "Organization") work to gather the required information necessary to complete the Form 990. The initial draft Form 990 is reviewed by the Organizations finance and legal department. AFTER THE FORM 990 IS REVIEWED, RECOMMENDED CHANGES ARE DISCUSSED AND A FINAL FORM 990 IS PREPARED. PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE, THE FINAL FORM 990 IS DISTRIBUTED TO SVF'S BOARD OF DIRECTORS FOR REVIEW.”

“Form 990, part vi, section b, line 12c 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 the disclosure for any potential conflicts of interest that arise during the year. The president & 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 for compliance by vhs' corporate responsibility officer.”

“FORM 990, PART VI, SECTION C, LINE 19 No documents available to the public.”

“Form 990, part xii on august 31, 2018, verity health system of california, inc. ("vhs") and 16 of its affiliated companies, including svf, 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. Court filings are available at kccllc.net/verityhealth.”