FORM 990, PART VI, SECTION A, LINE 6 |
THE FOUNDATION'S MEMBERSHIP INCLUDES ALL MEDICAL SCHOOL GRADUATES, PRESENT AND FORMER HOUSESTAFF OF THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM, MEDICAL SCHOOL FACULTY AND STUDENTS. |
FORM 990, PART VI, SECTION A, LINE 7A |
THE BOARD OF TRUSTEES SHALL HAVE ALL VOTING POWER EXCEPT THE POWER TO VOTE ON ELECTING, APPOINTING, OR REMOVING A TRUSTEE AND ON IMPLEMENTING AN AMENDMENT TO THE ARTICLES OF INCORPORATION AFFECTING THE VOTING RIGHTS OF THE MEMBERS, WHICH POWER IS VESTED SOLELY IN THE MEMBERS OF THE FOUNDATION. |
FORM 990, PART VI, SECTION A, LINE 7B |
THE POWER TO IMPLEMENT AN AMENDMENT TO THE ARTICLES OF INCORPORATION AFFECTING THE VOTING RIGHTS OF THE MEMBERS IS VESTED SOLELY IN THE MEMBERS OF THE FOUNDATION. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 WILL BE REVIEWED BY THE AUDIT COMMITTEE AFTER MANAGEMENT'S REVIEW, THEN DISTRIBUTED TO THE GOVERNING BODY BEFORE FILING. |
FORM 990, PART VI, SECTION B, LINE 12C |
EXECUTIVE DIRECTOR, WITH STAFF ASSISTANCE, MONITORS AND ENSURES COMPLIANCE. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE PERFORMANCE AND COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR IS REVIEWED BY THE COMPENSATION COMMITTEE, WHICH IS COMPRISED OF THE PRESIDENT AND TREASURER OF THE BOARD OF DIRECTORS OF THE MEDICAL ALUMNI ASSOCIATION AND THE PRESIDENT AND TREASURER OF THE BOARD OF TRUSTEES OF THE MEDICAL SCHOOL FOUNDATION. THE COMMITTEE REVIEWS SEVERAL QUANTITATIVE AND QUALITATIVE PERFORMANCE DIMENSIONS BASED ON FISCAL YEAR PERFORMANCE. RETENTION AND COMPENSATION RECOMMENDATIONS ARE PRESENTED TO THE MANAGEMENT COMMITTEE FOR APPROVAL. THE MANAGEMENT COMMITTEE IS COMPRISED OF THE EXECUTIVE COMMITTEES OF THE BOARD OF DIRECTORS AND THE BOARD OF TRUSTEES. |
FORM 990, PART VI, SECTION C, LINE 18 |
THE FOUNDATION'S FORMS 1023 AND 990 ARE DISTRIBUTED TO THE PUBLIC UPON REQUEST. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE PUBLIC UPON REQUEST. |
FORM 990, PART XI, LINE 9: |
CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -213,500. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 9,436. |
FORM 990, PART XII LINE 2C: |
FINANCIAL OVERSIGHT PROCESS: THE FOUNDATION'S BOARD OF TRUSTEES HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE SELECTION AND RETENTION OF THE INDEPENDENT AUDITORS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS |