2019-08-23T10:42:33-05:00 2018-12-31 832933734 HEAD MAXWELL & MCKENNA LLP 2200 MARKET ST STE 401 GALVESTON TX 77550 990 2018-01-01 741109652 THE SEALY & SMITH FOUNDATION SEAL 4097628666 2200 MARKET STREET SUITE 500 GALVESTON TX 77550 DOUGLAS G ROGERS EXEC DIR/ SEC/TREAS 4097628666 2019-08-22 true JOHN R MCKENNA JR P00618649 4097636479 2019-08-22 75.148.247.65 2019-08-23 10:42:33 CD P 4F30EA93BFFEC6181360875DD76D5609258D83FA 4F30EA93BFFEC6181360875DD76D5609258D83FA 2018 2019-02-21 02:37:17Z DOUGLAS G ROGERS 213454091 false X SEALY-SMITH-FOUNDATION.ORG X 1922 TX SUPPORT OF THE JOHN SEALY HOSPITAL / UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON (UTMB). 7 7 7 0 8720 0 0 64290858 71042875 26288459 26504052 90579317 97546927 20278722 8292764 0 1091177 1127981 0 0 3866619 3377828 25236518 12798573 65342799 84748354 1291957244 1172758493 159136187 122387555 1132821057 1050370938 X TO PROVIDE FOR THE CONSTRUCTION, REMODELING, EQUIPPING, AND FURNISHING OF THE JOHN SEALY HOSPITAL AND OTHER HOSPITAL BUILDING OR BUILDINGS IN THE CITY OF GALVESTON, TX, IN CONNECTION WITH THE JOHN SEALY HOSPITAL, AND TO PROVIDE FOR HEALTHCARE OF CITIZENS OF GALVESTON THEREIN. false false 8292764 8292764 EXPENDITURES TO SUPPORT THE JOHN SEALY HOSPITAL / UTMB - GALVESTON. SEE SCHEDULE I. 8292764 true false false true false false false false false false true true false false true false false true false false false false false false false false false true false true false false false false false false false false false false false false false true true true true false true 13 0 true 7 true false false false false false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true true false X DOUGLAS G ROGERS 4097628666 2200 MARKET STREET SUITE 500 GALVESTON TX 77550 JOHN W KELSO PRESIDENT/DI 5.00 X X 48000 0 0 GEORGE SEALY EXEC VICE-PR 5.00 X X 40000 0 0 J FELLMAN SEINSHEIMER VICE-PRES/DI 5.00 X X 48000 0 0 JOHN ECKEL DIRECTOR 5.00 X 44000 0 0 MICHAEL C DOHERTY DIRECTOR 5.00 X 48000 0 0 JAMES B GALBRAITH DIRECTOR 5.00 X 48000 0 0 E J PEDERSON DIRECTOR 5.00 X 48000 0 0 DOUGLAS G ROGERS EXEC DIR/ SE 45.00 X 256561 0 40381 JAMES S JOBE ASST SEC/TRE 45.00 X 143056 0 21758 723617 62139 2 false true false SILCHESTER INTERNATIONAL INVESTORS 780 THIRD AVENUE 42ND FLOOR NEW YORK NY 10017 INVEST MANAGERS 719175 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 INVEST MANAGERS 352216 LONE JUNIPER LP TWO GREENWICH PLAZA SECOND FLOOR GREENWICH CT 06830 INVEST MANAGERS 329590 FOCUSED INVESTORS LLC 1999 AVENUE OF THE STARS STE 3320 LOS ANGELES CA 90067 INVEST MANAGERS 314362 COLCHESTER GLOBAL INVESTORS INC 885 THIRD AVENUE 24TH FLOOR NEW YORK NY 10022 INVEST MANAGERS 254372 9 24118448 24118448 15449902 15449902 597734 31011 566723 566723 566723 118771840 44028740 115876153 2895687 44028740 46924427 46924427 SALES OF EASEMENTS AND ROW 4785091 4785091 OIL LEASE BONUSES 2080000 2080000 HARBOR PROPERTIES 974165 974165 2648171 2648171 10487427 97546927 97546927 8292764 8292764 728250 728250 225986 225986 64525 64525 71001 71001 38219 38219 45005 45005 64015 64015 2824048 2824048 43047 43047 37545 37545 85560 85560 9412 9412 28258 28258 44235 44235 PROPERTY TAXES 145666 145666 CUST FEES & BANK CHARGES 26172 26172 DUES & SUBSCRIPTIONS 13600 13600 INVESTMENT EXPENSES 8445 8445 2820 2820 12798573 8292764 4505809 0 50250 50250 47989123 39463527 1129473 1297454 53726 52782 5195580 579432 4644405 4616148 1110342135 917464942 80480470 160995719 47267662 48817671 1291957244 1172758493 697939 262161 157511168 120935744 85316 91488 841764 1098162 159136187 122387555 X 27914 21779179 1132793143 1028591759 1132821057 1050370938 1291957244 1172758493 84748354 -167198473 X false true X true false X X 1 JOHN SEALY HOSPITALUTMB GALVESTON 746000949 6 true 8292764 0 1 8292764 0 true true false false false false false false false false false false false false false true false false X PART IV, SECTION A, LINE 2 UTMB, THE SUPPORTED ORGANIZATION, IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS SINCE IT IS A GOVERNMENTAL UNIT DESCRIBED IN IRC 170(B)(1)(A)(V). HOWEVER, THE ORGANIZATION HAS A COPY OF A LETTER, DATED OCTOBER 9, 1997, FROM THE IRS ACTING DISTRICT DIRECTOR STATING THAT THE UNIVERSITY OF TEXAS SYSTEM AND ALL OF ITS COMPONENT INSTITUTIONS, INCLUDING THE UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON ("UTMB"), ARE DESCRIBED IN SECTIONS 170(B)(1)(A)(V) AND 170(C)(1) OF THE INTERNAL REVENUE CODE. PART IV, SECTION D, LINE 2 LEADERS FROM THE ORGANIZATION AND UTMB MEET ON A REGULAR BASIS TO DISCUSS UTMB'S ONGOING PROJECTS AND NEEDS. UTMB'S PRESIDENT REGULARLY ATTENDS THE ORGANIZATION'S BOARD OF DIRECTORS' MEETINGS, AS WELL AS MEETS MONTHLY WITH THE ORGANIZATION'S BOARD OF DIRECTORS' PRESIDENT. THE ORGANIZATION'S EXECUTIVE DIRECTOR MEETS OR SPEAKS WITH UTMB'S PRESIDENT OR OTHER EXECUTIVES AT LEAST MONTHLY IF NOT MORE OFTEN. IN FACT, THE ORGANIZATION'S ASSISTANT SECRETARY AND SECOND IN COMMAND SPENDS A SIGNIFICANT AMOUNT OF TIME EACH MONTH WORKING DIRECTLY ON UTMB MATTERS. FURTHER, MEMBERS OF THE ORGANIZATION'S STAFF FREQUENTLY MEET OR SPEAK WITH OTHER UTMB LEADERS AND/OR STAFF EACH WEEK ON A VARIETY OF MATTERS THAT ARE IMPORTANT TO UTMB, INCLUDING, BUT NOT LIMITED TO PATIENT ACCESS TO DOCTORS, IMPLEMENTING NEW PROGRAMS, THE PROPERTIES THAT THE ORGANIZATION MANAGES FOR UTMB AND THE GRANTS THAT THE ORGANIZATION MAKES TO UTMB. THE ORGANIZATION AND UTMB HAVE MAINTAINED A CLOSE AND CONTINUOUS WORKING RELATIONSHIP FOR ALMOST 100 YEARS, WHICH ALLOWS THE ORGANIZATION TO BE RESPONSIVE TO UTMB'S NEEDS AND REQUESTS. PART IV, SECTION D, LINE 3 THE ORGANIZATION'S INVESTMENT DECISIONS ARE INFLUENCED BY THE GRANT REQUESTS IT RECEIVES FROM UTMB. UTMB, A GOVERNMENTAL ENTITY, IS THE ONLY CHARITABLE ORGANIZATION OR SUPPORTED ORGANIZATION TO WHICH THE ORGANIZATION MAKES GRANTS. MANY OF THE GRANTS THE ORGANIZATION MAKES TO UTMB ARE FOR LARGE CAPITAL EXPENDITURES. LEADERS OF UTMB MEET WITH THE ORGANIZATION THROUGHOUT THE YEAR TO DISCUSS THE NEED FOR GRANTS AND THEIR TIMING WHICH ALLOWS THE ORGANIZATION TO CHOOSE INVESTMENTS BASED ON UTMB'S GRANT NEEDS. ALTHOUGH UTMB DID NOT DRAFT THE ORGANIZATION'S INVESTMENT POLICY, IT DOES HAVE A SIGNIFICANT VOICE IN THE TIMING OF GRANTS, DICTATING THE GRANTS' PAYMENT SCHEDULES, AND SELECTING WHICH UTMB DEPARTMENTS WILL RECEIVE GRANTS. PART IV, SECTION E, LINE 1C THE ORGANIZATION IS A SUPPORTING ORGANIZATION TO UTMB, A GOVERNMENTAL ENTITY. THE ORGANIZATION WAS FORMED IN 1922 AND SINCE THAT TIME HAS MAINTAINED A CLOSE, CONTINUING AND HISTORIC RELATIONSHIP WITH UTMB. THE ORGANIZATION HAS CONTRIBUTED MORE THAN 910 MILLION TO SUPPORT MEDICAL EDUCATION AND THE DELIVERY OF HEALTHCARE AT UTMB, INCLUDING FUNDING FOR THE CONSTRUCTION OF UTMB'S HOSPITALS, ITS BIO-SAFETY LAB, STATE-OF-THE- ART MEDICAL EQUIPMENT, INCREASED CLINICAL STAFFING FOR PATIENTS AND A NEW HEART AND VASCULAR CENTER. THE ORGANIZATION IS ALSO THE LARGEST, SINGLE ENTITY CONTRIBUTOR TO A UNIVERSITY OF TEXAS SYSTEM INSTITUTION. THE ORGANIZATION, TOGETHER WITH UTMB, HAS PROVIDED THE VISION AND STRATEGIC DIRECTION THAT ALLOWS UTMB TO SERVE GALVESTON, THE STATE OF TEXAS AND THE NATION AS A PREMIER HEALTH INSTITUTION. THE ORGANIZATION AND UTMB'S LEADERS MEET ON A REGULAR BASIS TO DISCUSS UTMB'S ONGOING PROJECTS AND NEEDS, AS WELL AS PROVIDING COUNSEL DURING CONSTRUCTION OF MANY OF THE PROJECTS BUILT FOR UTMB. AS PREVIOUSLY STATED, THE ORGANIZATION'S BOARD MEETS AND CONSIDERS UTMB'S NEEDS WHEN MAKING INVESTMENT DECISIONS. THE ORGANIZATION ENGAGES IN MANY CHARITABLE ACTIVITIES ON BEHALF OF UTMB. FOR EXAMPLE, THE ORGANIZATION OWNS PROPERTY AND BUILDINGS THAT UTMB USES FOR ITS CHARITABLE AND EDUCATIONAL MISSION. THE ORGANIZATION OWNS, MAINTAINS AND MANAGES SEVERAL OF THESE PROPERTIES AND WORKS WITH UTMB TO ENSURE THAT THE UPKEEP OF THESE PROPERTIES MEETS UTMB'S EXPECTATIONS. FOR INSTANCE, THE ORGANIZATION PROVIDES THREE PATIENT CARE FACILITIES AT NO COST, INCLUDING INSURANCE COVERAGE AND MAINTENANCE FOR THE EXTERIOR ENVELOPE (WINDOWS, ROOFS, ETC.) / GROUNDS OF THE PROPERTIES AND MAJOR COMPONENTS SUCH AS EXTERIOR CLIMATE CONTROL EQUIPMENT. THESE PROPERTIES INCLUDE THE PRIMARY CARE PAVILION, R. WAVERLEY SMITH PAVILION AND UTMB OPHTHALMOLOGY/ OTOLARYNGOLOGY CENTER OF EXCELLENCE. THE ORGANIZATION ALSO PROVIDES, AT NO COST TO UTMB, FACILITIES ON CAMPUS FOR PARKING, INCLUDING A PARKING GARAGE AND PARKING LOT. THE UTMB HUMAN RESOURCES OFFICES, LOCATED IN A BUILDING OWNED BY THE ORGANIZATION, ARE ALSO MAINTAINED BY THE ORGANIZATION AT NO EXPENSE TO UTMB. DURING 2018, THE LEADERSHIP OF THE ORGANIZATION AND UTMB MET FOR THEIR ANNUAL RETREAT TO DISCUSS PROGRAMS AND UTMB'S FACILITIES FOR THE NEAR FUTURE. THE ORGANIZATION'S LEADERS AND UTMB'S LEADERSHIP CONTINUED TO COLLABORATE ON THE IMPLEMENTATION OF THE "PATIENT ACCESS INITIATIVE". ONE OF THE TWO INTERNAL MEDICINE PHYSICIANS HAS BEEN HIRED AND EARLY RESULTS ARE POSITIVE. THE ORGANIZATION AND UTMB MEET TO REVIEW AND DISCUSS THE SCHOOL BASED TEEN HEALTH CLINIC PROGRAM. A THREE YEAR GRANT OF 3,281,857 HAS BEEN APPROVED FOR THE CONTINUATION OF THIS PROGRAM'S CLINICS ON GALVESTON ISLAND. ALSO, KNOWING THAT THE MEDICAL SCHOOL IS SUCH AN IMPORTANT COMPONENT OF UTMB'S MISSION, THE ORGANIZATION'S LEADERS APPROVED A 500,000 UNSOLICITED GRANT TOWARD THE CONSTRUCTION OF THE NEW HEALTH EDUCATION CENTER BUILDING THAT IS CURRENTLY UNDERWAY. 9974525 9974525 648726 162182 1000000 1000000 1000000 648726 3648726 5473089 250000 250000 250000 162182 912182 1368273 4552593 4552593 642987 579432 63555 4616148 MANAGED INVESTMENT ACCOUNTS 160927451 F INTERNALLY MANAGED EQUITIES 68268 F 160995719 DUE TO MAGNOLIA HOLDING CO. 1098162 1098162 -72475594 -167198473 -167198473 94722879 2824048 2824048 97546927 9974525 9974525 2824048 2824048 12798573 true JOHN SEALY HOSPITALUTMB 301 UNIVERSITY BOULEVARD GALVESTON TX 775550129 746000949 6646005 SEE ATTACHED DETAIL THE UNIVERSITY OF TEXAS MEDICAL BRA 301 UNIVERSITY BOULEVARD GALVESTON TX 775550129 746000949 324737 UTMB HUMAN RESOURCES THE UNIVERSITY OF TEXAS MEDICAL BRA 301 UNIVERSITY BOULEVARD GALVESTON TX 775550129 746000949 593443 PRIMARY CARE PAVILIO THE UNIVERSITY OF TEXAS MEDICAL BRA 301 UNIVERSITY BOULEVARD GALVESTON TX 775550129 746000949 143754 R. WAVERLEY SMITH PA THE UNIVERSITY OF TEXAS MEDICAL BRA 301 UNIVERSITY BOULEVARD GALVESTON TX 775550129 746000949 372434 UTMB OPHTHALMOLOGY C THE UNIVERSITY OF TEXAS MEDICAL BRA 301 UNIVERSITY BOULEVARD GALVESTON TX 775550129 746000949 41185 WEST CLINIC PROPERTY THE UNIVERSITY OF TEXAS MEDICAL BRA 301 UNIVERSITY BOULEVARD GALVESTON TX 775550129 746000949 109571 UTMB PARKING LOT & G THE UNIVERSITY OF TEXAS MEDICAL BRA 301 UNIVERSITY BOULEVARD GALVESTON TX 775550129 746000949 61635 OTHER REAL ESTATE UT 1 SCHEDULE I, PAGE 1, PART I, LINE 2 THE ORGANIZATION MAINTAINS RECORDS OF THE GRANTS IT AWARDS TO UTMB AND MONITORS SUCH GRANTS BY (1) REQUIRING UTMB TO SIGN A WRITTEN GRANT AGREEMENT FOR MONETARY AWARDS; (2) CONDUCTING FIELD INVESTIGATIONS OF HOW UTMB WILL, AND DOES, USE THE GIFT; (3) MEETING WITH UTMB OFFICERS AND PERSONNEL WHO WILL OVERSEE THE GRANT; AND (4) REQUESTING UTMB TO PROVIDE PROGRESS REPORTS, INCLUDING AMOUNT OF FUNDS EXPENDED ON THE PROJECT AS DRAWS ON THE GRANT ARE REQUESTED. BECAUSE THE ORGANIZATION AND UTMB HAVE A HISTORICALLY CLOSE WORKING RELATIONSHIP, THE ORGANIZATION CAN MAKE SURE THAT IT IS RESPONSIVE TO UTMB WHILE GUARANTEEING THAT GRANTS TO UTMB ARE USED CONSISTENTLY WITH ITS CHARITABLE PURPOSES. SCHEDULE I, PAGE 4, PART IV SCHEDULE I, PART II, GRANTS TO DOMESTIC ORGANIZATIONS AND DOMESTIC GOVERNMENTS NAME AND ADDRESS OF ORGANIZATION JOHN SEALY HOSPITAL/UTMB 301 UNIVERSITY BOULEVARD GALVESTON, TX 77555-0129 EIN: 74-6000949 AMOUNT OF GRANT PURPOSE OF GRANT 3,281,857 UTMB TEEN HEALTH PROGRAM IN GALVESTON SCHOOLS 500,000 UTMB HEALTH EDUCATION CENTER 1,000 UTMB PRESIDENT'S CABINET 2,863,148 AMORTIZATION OF DISCOUNTS ON LONG-TERM GRANTS 324,737 UTMB HUMAN RESOURCES PROGRAM EXPENSES 593,443 PRIMARY CARE PAVILION OPERATING EXPENSES 143,754 R. WAVERLEY SMITH PAVILION OPERATING EXPENSES 372,434 UTMB OPHTHALMOLOGY CLINIC OPERATING EXPENSES 41,185 WEST END CLINIC PROPERTY PLANNING EXPENSES 109,571 UTMB PARKING LOT & GARAGE 61,635 OTHER REAL ESTATE UTILIZED BY UTMB X X X X false false false false false false false false false DOUGLAS G ROGERS EXEC DIR/ SEC/TREAS 256561 40381 296942 JAMES S JOBE ASST SEC/TREASURER 143056 21758 164814 FORM 990 - ORGANIZATION'S MISSION TO PROVIDE FOR THE CONSTRUCTION, REMODELING, EQUIPPING, AND FURNISHING OF THE JOHN SEALY HOSPITAL AND OTHER HOSPITAL BUILDING OR BUILDINGS IN THE CITY OF GALVESTON, TX, IN CONNECTION WITH THE JOHN SEALY HOSPITAL, AND TO PROVIDE FOR HEALTHCARE OF CITIZENS OF GALVESTON THEREIN. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE FOUNDATION'S FORM 990 IS FURNISHED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY DURING THE JANUARY BOARD OF DIRECTORS MEETING AND A WRITTEN ACKNOWLEDGEMENT IS COMPLETED BY EACH DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 15A ANNUALLY THE ORGANIZATION'S INDEPENDENT COMPENSATION COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE COMMITTEE USES COMPARABLE DATA FROM VARIOUS NONPROFIT PUBLICATIONS, INCLUDING THE COUNCIL ON FOUNDATIONS SALARY AND BENEFIT REPORT, WHICH PROVIDES COMPENSATION DATA. IT ALSO USES OTHER NONPROFITS' FORMS 990. THE EXECUTIVE DIRECTOR DOES NOT PARTICIPATE IN THE CONVERSATIONS AND DISCUSSIONS ABOUT HIS OWN COMPENSATION. DETAILED MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS ARE MAINTAINED BY THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15B ANNUALLY THE ORGANIZATION'S INDEPENDENT COMPENSATION COMMITTEE REVIEWS THE COMPENSATION OF THE OFFICERS. THE COMMITTEE USES COMPARABLE DATA FROM VARIOUS NONPROFIT PUBLICATIONS, INCLUDING THE COUNCIL ON FOUNDATIONS SALARY AND BENEFIT REPORT, WHICH PROVIDES COMPENSATION DATA. IT ALSO USES OTHER NONPROFITS' FORMS 990. OFFICERS DO NOT PARTICIPATE IN THE CONVERSATIONS AND DISCUSSIONS ABOUT THEIR OWN COMPENSATION. DETAILED MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS ARE MAINTAINED BY THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDIT REPORT AVAILABLE TO ITS SUPPORTED ORGANIZATION, THE JOHN SEALY HOSPITAL AND THE UNIVERSITY OF TEXAS MEDICAL BRANCH (UTMB). UPON REASONABLE WRITTEN REQUEST, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. HARBOR PROPERTIES 2200 MARKET STREET STE 500 GALVESTON TX 77550 760388046 TITLE HLDG TX 501C2 NA false MAGNOLIA HOLDING COMPANY 2200 MARKET STREET STE 500 GALVESTON TX 77550 760611545 TITLE HLDG TX 501C2 NA false WAVERLEY HOLDING COMPANY 2200 MARKET STREET STE 500 GALVESTON TX 77550 760423548 TITLE HLDG TX 501C2 NA false UTMB-GALVESTON 301 UNIVERSITY BOULEVARD GALVESTON TX 775550129 746000949 GOVRN UNIT TX NA false false true false false false false false false false false true false false false true false true false true WAVERLEY HOLDING COMPANY K 85560 WAVERLEY HOLDING COMPANY O 85169 WAVERLEY HOLDING COMPANY Q 123717 HARBOR PROPERTIES Q 257233 MAGNOLIA HOLDING COMPANY Q 471346 UTMB-GALVESTON B 8292764