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FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD OF DIRECTORS WILL HAVE RECEIVED A COPY OF FORM 990 AFTER THE SUBMISSION TO THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS OF VERNON MEMORIAL HEALTHCARE FOUNDATION, INC. ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY, AND ARE REQUIRED TO DISCLOSE ALL POSSIBLE CONFLICTS OF INTEREST WHEN FIRST ELECTED TO THE BOARD OF DIRECTORS. DURING THEIR TERMS, IF ANY RELATIONSHIPS ARE ENTERED INTO WHICH MAY AFFECT THEIR INDEPENDENCE AS A MEMBER, THE MEMBER MUST IMMEDIATELY DISCLOSE THESE RELATIONSHIPS. AFTER THERE HAS BEEN DISCLOSURE OF A POTENTIAL CONFLICT, THE BOARD OF DIRECTORS DELIBERATE AND DETERMINE WHETHER THERE IS A CONFLICT OF INTEREST. THE DIRECTOR, OFFICER OR KEY PERSON SHALL NOT BE PRESENT FOR DELIBERATION OR VOTE ON THE MATTER AND MUST NOT ATTEMPT TO INFLUENCE IMPROPERLY THE DETERMINATION OF WHETHER A CONFLICT EXISTS. IN DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS, THE BOARD OF DIRECTORS SHALL CONSIDER WHETHER THE POTENTIAL CONFLICT WOULD CAUSE A TRANSACTION ENTERED INTO BY THE CORPORATION TO RAISE QUESTIONS OF BIAS, INAPPROPRIATE USE OF THE CORPORATION'S ASSETS, OR ANY OTHER IMPROPRIETY. THE BOARD MAY SEEK INFORMATION FROM THE DIRECTOR, OFFICER, OR KEY PERSON WITH THE CONFLICT PRIOR TO BEGINNING DELIBERATION ON THE MATTER. THE MINUTES OF ANY BOARD MEETING AT WHICH A MATTER INVOLVING A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST WAS DISCUSSED OR VOTED UPON SHALL INCLUDE: THE NAME OF THE INTERESTED PARTY AND THE NATURE OF THE INTEREST; THE DECISION AS TO WHETHER THE INTEREST PRESENTED A CONFLICT OF INTEREST; ANY ALTERNATIVES TO A PROPOSED CONTRACT OR TRANSACTION CONSIDERED BY THE BOARD; AND IF THE TRANSACTION WAS APPROVED, THE BASIS FOR THE APPROVAL. |
FORM 990, PART VI, SECTION C, LINE 19 | VERNON MEMORIAL FOUNDATION, INC. HAS MADE ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC ON A PER REQUEST BASIS. |
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