| General Taxpayer Attachment #1 |
General Taxpayer Attachment #1 |
The Mother Cabrini Health Foundation, Inc. ("Cabrini Foundation") was organized exclusively for charitable and religious purposes within the meaning of section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Specifically, the Cabrini Foundation was created to improve the health and wellness of the poor, disabled, disadvantaged, elderly and underserved people of New York State and their families by engaging in, promoting, sponsoring and supporting activities, programs and initiatives that: 1. Enhance access to affordable quality healthcare and healthcare related services, including activities, programs and initiatives that address the population's needs relating to social determinants of health such as nutrition, substance abuse, childhood cognition and social skills, early intervention, behavioral health, home and community-based services, preventative health, education and literacy, elder care, safe and affordable quality housing, employment and other circumstances and/or conditions that influence health outcomes; and 2. Address unmet healthcare and healthcare related needs, including those related to the social determinants of health. In all activities, the Cabrini Foundation will act in accordance with the ethical principles, tenets and teachings of the Roman Catholic faith. The Cabrini Foundation will make grants and contributions to, and otherwise support, sponsor and benefit charitable organizations which it determines further its charitable purposes. |
| General Taxpayer Attachment #2 |
General Taxpayer Attachment #2 |
As of July 2, 2018, New York State Catholic Health Plan, Inc. ("Fidelis"), a New York State tax-exempt charitable corporation, sold substantially all of its assets to Centene Corporation. In connection with the Fidelis sale, Fidelis entered into an agreement with the New York State Division of the Budget, under which it agreed to make a $1 billion payment to the State within thirty days of the transaction's closing and another $400 million within twelve (12) to eighteen (18) months thereafter. Additionally, the arrangement provided that $50 million in charitable grants would be made in each of 2021 and 2022. Under the June 14, 2018 Order of the New York State Office of the Attorney General approving the Fidelis sale, the Attorney General approved the transfer of the Fidelis sale proceeds to the newly established Mother Cabrini Health Foundation ("Cabrini Foundation"), along with other Fidelis assets, in order to fund the charitable activities of the Cabrini Foundation. The amounts transferred to the Cabrini Foundation included the payments necessary for Fidelis to satisfy $1.4 billion in payments to the State, and are being held by the Cabrini Foundation for the benefit of Fidelis pending their payment to the State ($1 billion was paid in 2018 and $400 million was paid in January of 2020). The Cabrini Foundation also agreed to provide $100 million to fund the grants referenced above, to be made either to mutually agreed upon charitable organizations or directly to the State. Pursuant to certain transactions occurring during the sale of Fidelis to Centene, the Foundation has recognized in its statement of financial position amounts held for others in other liabilities in the amount of $400,000,000 and $100,000,000, respectively. These amounts have been discounted to present value using treasury rates ranging from 2.44% to 2.81%, resulting in a non-operating charge of 11,176,092 for the period ending December 31, 2019. |
| General Taxpayer Attachment #3, Part XV, Line 2 |
General Taxpayer Attachment #3, Part XV, Line 2 |
Lines 2a-c: Statewide Grants Program: Applications for the grantmaking program launched in 2019 were administered through an open process which began with a Letter of Inquiry, and, if invited, a detailed full grant proposal. Potential Grantees should visit the "Apply for a Grant" section of the Cabrini Foundation's website - www.cabrinihealth.org/apply for instructions on how to submit applications and application deadlines. Regional Grants Program: Applications for 2019 were accepted on an invitation-only basis. Invited applicants were provided instructions on how to submit applications and application deadlines. Special Initiatives Grants Program: Applications for 2019 were accepted on an invitation-only basis. Invited applicants were provided instructions on how to submit applications and application deadlines. Line 2d All grants to be made by the Cabrini Foundation must meet the following eligibility criteria, which may be modified or supplemented from time to time: - Grants may only be made to a domestic section 501(c)(3) tax-exempt organization in good standing with the Internal Revenue Service and the State of New York. Specifically, grants may only be made to a domestic public charity as described in Internal Revenue Code section 509(a)(1) or (2) or an exempt operating foundation as described in Internal Revenue Code section 4940(d)(2). - Applicant organizations must be located in New York State or primarily serve New York State residents. Applicant organizations that cannot meet this requirement may be eligible for an exemption on a case-by-case basis upon review of the full grant application. - Grants must benefit poor, disadvantaged, or underserved New York State residents. - Grants must be used exclusively for the specific program, activity or project approved by the Cabrini Foundation, which, in all cases, must be in furtherance of the Cabrini Foundation's charitable purposes. - Applicant organizations must demonstrate that they exhibit sound financial management and governance practices and are capable of effectively carrying out the programs, activities or projects proposed to be funded. - In accordance with Cabrini Foundation's Certificate of Incorporation, all grants must adhere to and comply with the ethical principles, tenets, and teachings of the Roman Catholic Faith, including but not limited to the Ethical and Religious Directives for Catholic Health Care Services published by the United States Conference of Catholic Bishops. Applicant organizations are not required, however, to be affiliated with the Catholic church to be eligible for grants. - Applicants may not re-grant funds to other organizations without express written pre-approval of the Cabrini Foundation. If such express written pre-approval has been provided, the sub-grantee programs are subject to the requirements related to the ethical principles, tenets, and teachings of the Roman Catholic Faith including, but not limited to, the Ethical and Religious Directives for Catholic Health Care Services published by the United States Conference of Catholic Bishops. - Audited financial statements for the most recently completed fiscal year are required of all organizations. Applicant organizations that cannot meet this requirement may be eligible for an exemption on a case-by-case basis upon review of the full grant application. The Cabrini Foundation may not make grants: - To individuals; - In support of any activities that involve carrying on propaganda or otherwise attempting to influence legislation (within the meaning of Section 4945(d)(1) of the Internal Revenue Code); - In support of any activities that involve participating in, or intervening in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office, influencing the outcome of any specific public election, or carrying on, directly or indirectly, any voter registration drive (within the meaning of Section 4945(d)(2) of the Internal Revenue Code); or In support of events, conferences, or fundraising activities. |
| General Taxpayer Attachment #4 |
General Taxpayer Attachment #4 |
Contributions received during the year represent the net proceeds from the sale of Fidelis to Centene as well as the transfer of certain investments and cash accounts previously held by Fidelis. The Foundation does not expect to receive contributions from other sources in the future. |