Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
OCHSNER CLINIC FOUNDATION
 
Employer identification number
72-0502505
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A LOUISIANA PUBLIC FACILITIES AUTHORITY SERIES 2007A
  		72-0895871 546398VQ8 09-12-2007 371,062,406 RETIRE 2002 BONDS, FACILITY IMPROVEMENTS X     X   X
B LOUISIANA PUBLIC FACILITIES AUTHORITY SERIES 2011
  		72-0895871 546398L48 05-11-2011 148,728,038 FACILITIES ACQUISITION, CONSTRUCTION & RENOVATION   X   X   X
C LOUISIANA PUBLIC FACILITIES AUTHORITY SERIES 2015
  		72-0895871 5463982E6 08-20-2015 121,536,607 PARTIAL REFUNDING 2007A & 2007B BONDS   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired .................. 27,750,000      
2 Amount of bonds legally defeased .............. 96,935,000      
3 Total proceeds of issue .................. 372,256,512 148,747,749 121,536,607  
4 Gross proceeds in reserve funds ............. 17,355,860 15,001,523    
5 Capitalized interest from proceeds .............   9,212,238    
6 Proceeds in refunding escrows ............... 222,162,139      
7 Issuance costs from proceeds ............... 4,054,068 2,365,800 1,262,457  
8 Credit enhancement from proceeds .............        
9 Working capital expenditures from proceeds .............   7,436,402    
10 Capital expenditures from proceeds ............. 48,449,703 114,713,598    
11 Other spent proceeds ............. 456,184 19,711 455  
12 Other unspent proceeds .............        
13 Year of substantial completion ............. 2010 2013
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? ....   X   X   X    
15 Were the bonds issued as part of an advance refunding issue? ..... X     X X      
16 Has the final allocation of proceeds been made? .......... X   X   X      
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X      
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X    
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X   X    
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2015
Page 2

Schedule K (Form 990) 2015
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? ............. X   X   X      
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? X   X   X      
c Are there any research agreements that may result in private business use of bond-financed property? ............. X   X   X      
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? X   X   X      
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....SchKMediumBullet 0 % 0 % 0 %  
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... SchKMediumBullet 0 % 0 % 0 %  
6 Total of lines 4 and 5 ............. 0 % 0 % 0 %  
7 Does the bond issue meet the private security or payment test? ...   X   X   X    
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X    
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X      
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X    
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X X     X    
b Exception to rebate? ........ X   X   X      
c No rebate due? ......... X     X   X    
If "Yes" to line 2c, provide in Part VI the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? .....   X   X   X    
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X    
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
Schedule K (Form 990) 2015
Page 3

Schedule K (Form 990) 2015
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X    
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X    
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X      
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X      
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
Schedule K, Part I, Column (e) ISSUE PRICE - LOUISIANA PUBLIC FACILITIES AUTHORITY SERIES 2007A Form 8038 for CUSIP # 546398VQ8 was prepared for the issuance of Revenue Bonds (Ochsner Clinic Foundation Project) Series 2007A and Revenue Bonds (Ochsner Community Hospitals Project) Series 2007B. The bonds had a total Issue Price of $453,076,501.10. $371,062,405.65 of the Issue Price was issued for the benefit of Ochsner Clinic Foundation (EIN# 72-0502505), and the remaining $82,014,095.45 was issued for the benefit of Ochsner Community Hospitals (EIN# 20-5297040).
Schedule K, Part II, Line 7 ISSUANCE COSTS FROM PROCEEDS 100% of line 7 relates to issuance cost.
Schedule K, Part III, Line 3a PRIVATE BUSINESS USE All contracts meet IRS safe harbor rules per 97-13.
Schedule K, Part II, Line 3 TOTAL PROCEEDS OF ISSUE The amount includes $1,191,891 of investment income on Series 2007A Bonds and $18,200 of investment income on Series 2011 Bonds related to the Debt Service Reserve Fund and the Construction Fund.
Schedule K, Part I LOUISIANA PUBLIC FACILITIES AUTHORITY SERIES 2015 Form 8038 for CUSIP # 5463982E6 was prepared for the issuance of Revenue Bonds (Ochsner Clinic Foundation Project) Series 2015. The bonds had a total Issue Price of $121,536,607. The bonds partially refunded Series 2007A $96,935,000 and SeriesB $20,285,000.
Schedule K, Part II, Line 4 GROSS PROCEEDS IN RESERVE FUNDS Due to partial defeasance of the Series 2007A bonds, the gross proceeds in the reserve fund decreased by $6,406,648, the refunding escrows decreased by $100,611,907 and the other sources and uses available at issuance totaled $27,239,996, which is not included in the gross proceeds of the issuance.
Schedule K, Part IV, Line 2c DATE THE REBATE COMPUTATION WAS PERFORMED - ISSUER: LPFA SERIES 2007A The rebate computation was completed on 7/10/2012 for the period 9/12/2007 to 5/15/2012.
Schedule K (Form 990) 2015

Additional Data


Software ID: 15000238
Software Version: 2015v2.1