Barlow Foundation

“The Chief Financial Officer and the Finance Department staff will prepare and file the returns. When it is deemed appropriate, consultative support and /or review will be solicited from an external public accounting firm. Prior to filing, the return for each of the Barlow Organizations will be distributed to the Barlow Group Board of Directors for their review. The Chief Executive Officer performs a final review and approves the Annual Information Returns before filing.”

“The Barlow Foundation has a Board of Director Conflict of Interest Policy that all Board members must complete and sign at least every two (2) years. The policy requires every director to complete and return the Conflict of Interest Disclosure Questionnaire. The policy requires that In connection with any actual or possible conflict of interest, an interested person must disclose the existence and nature of his or her financial interest to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest, the interested person shall not participate in the discussion of that item and shall not vote on the issue or shall leave the board or committee meeting while the financial interest is discussed and voted upon...”

“The audited financial statements, governing/organizing documents, and conflict of interest policy are all available upon request.”

“Dr.David Nelson received compensation was for his Medical Director services and not for his services as a member of the board of directors.”

“Client Note 1 -”

“= -$0”

“Donation returned to a donor that had been given before = $60000”

“Due to Hospital tranferred to Group = $3344698”

“Present value adjustment for Cook Trust = $52148”

“Present value of pledges receivable = -$199719”

“Barlow Foundation's mission is to generate funds to support Barlow Respiratory Hospital with funding which will help sustain the hospital's ability to provide specialized treatment in the area of respiratory medicine. The hospital currently operates in a building that was built in 1927 and must be replaced in order for the hospital to continue as a relevant health care provider. To that end the Barlow Foundation has embarked on a $25 million capital campaign that will provide essential funding for a new hospital building to be constructed on the current hospital site. Much of the Foundation's current activities and therefore current expenditures are devoted to this capital campaign which is soliciting funds for the new hospital. Pledge commitments that will provide an essential component of the funding in the next few years for the construction of the new hospital are being solicited.”

“Director and employees are employed and compensated by Barlow Respiratory Hospital(BRH). BRH reports 100% of the individual's compensation on W-2's issued by BRH. However, some of these employees are assigned duties to other related organizations (See Schedule R for additional information regarding the related organizations). As a result of these assignments, wage and benefit costs are allocated to related organizations. The wage and benefit costs allocated to each organization are reported on Form 990, Part IX, Statement of Functional Expenses for each individual as being compensated directly by the filing organization and the balance of compensation is reported as compensation paid by related organizations.”