2017-07-31T11:25:26-05:00 2016-12-31 760354302 HEAD MAXWELL & MCKENNA PC 2200 MARKET ST SUITE 401 GALVESTON TX 77550 990 2016-01-01 741109652 THE SEALY & SMITH FOUNDATION SEAL 4097628666 2200 MARKET STREET SUITE 500 GALVESTON TX 77550 DOUGLAS G ROGERS EXEC DIR/ SEC/TREAS 4097628666 2017-07-24 true JOHN R MCKENNA JR P00618649 4097636479 2017-07-22 4F30EA93BFFEC6181360875DD76D5609258D83FA 4F30EA93BFFEC6181360875DD76D5609258D83FA 2016 2021-01-29 14:40:06Z DOUGLAS G ROGERS 206470588 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 0 0 47920369 36905709 13114125 6992870 61034494 43898579 80057600 13409908 0 1115738 1031488 0 0 3741958 3237947 84915296 17679343 -23880802 26219236 1063421424 1122191581 184022014 174961312 879399410 947230269 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 13409908 13409908 EXPENDITURES TO SUPPORT THE JOHN SEALY HOSPITAL / UTMB - GALVESTON. SEE SCHEDULE I. 13409908 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 17 0 true 7 true 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 false 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 48000 0 0 J FELLMAN SEINSHEIMER VICE-PRES/DI 5.00 X X 48000 0 0 JOHN ECKEL DIRECTOR 5.00 X 48000 0 0 MICHAEL C DOHERTY DIRECTOR 5.00 X 48000 0 11947 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 217328 0 34147 JAMES S JOBE ASST SEC/TRE 45.00 X 129639 0 9617 682967 55711 2 false true false SILCHESTER INTERNATIONAL INVESTORS 780 THIRD AVENUE 42ND FLOOR NEW YORK NY 10017 INVEST MANAGERS 621779 LONE JUNIPER LP TWO GREENWICH PLAZA SECOND FLOOR GREENWICH CT 06830 INVEST MANAGERS 278459 COLCHESTER GLOBAL INVESTORS INC 885 THIRD AVENUE 24TH FLOOR NEW YORK NY 10022 INVEST MANAGERS 260070 EAGLE CAPITAL MANAGEMENT LLC 499 PARK AVENUE 17TH FLOOR NEW YORK NY 10022 INVEST MANAGERS 249443 FOCUSED INVESTORS LLC 9777 WILSHIRE BLVD SUITE 910 BEVERLY HILLS CA 90212 INVEST MANAGERS 247773 8 20679358 20679358 4362782 4362782 452666 22109 430557 430557 430557 162313823 16462428 162490562 59338 -176739 16403090 16226351 16226351 HARBOR PROPERTIES 848812 848812 WAVERLEY HOLDING CO. 548148 548148 WATER SALES 335751 335751 466820 466820 2199531 43898579 43898579 13409908 13409908 687250 687250 197600 197600 52199 52199 59993 59993 34446 34446 33855 33855 61195 61195 2602890 2602890 67055 67055 35121 35121 85560 85560 30075 30075 44266 44266 PROPERTY TAXES 174329 174329 CUST FEES & BANK CHARGES 84155 84155 INVESTMENT EXPENSES 8847 8847 DUES & SUBSCRIPTIONS 8523 8523 2076 2076 17679343 13409908 4269435 0 50250 50250 69853715 49330775 401139 631838 45323 49620 5225497 551656 1393659 4673841 853608530 942472239 93400908 75730906 44667900 49252112 1063421424 1122191581 630939 517659 183200239 173870469 6300 33928 184536 539256 184022014 174961312 X -26252903 -18447204 905652313 965677473 879399410 947230269 1063421424 1122191581 26219236 41611623 X false true X true false X X 1 JOHN SEALY HOSPITALUTMB GALVESTON 746000949 6 true 13409908 0 1 13409908 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 107(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 107(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. 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, 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 OVER NINETY (90)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 ALMOST 900 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 AND STATE-OF-THE- ART MEDICAL EQUIPMENT. 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 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 PURPOSES. 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 OF THE EXTERIOR ENVELOPE / 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 CLINIC. 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. MOREOVER, THE ORGANIZATION'S LEADERS AND STAFF CONTINUES TO MEET WITH UTMB'S PRESIDENT AND SENIOR STAFF TO DISCUSS THE SCOPE OF THE JOHN SEALY HOSPITAL RENOVATION PROJECT. A GRANT OF 75,000,000 HAS BEEN APPROVED FOR THIS PROJECT. THE PROJECT BEGAN IN 2016. ALSO IN 2016, THE ORGANIZATION'S LEADERS AND STAFF MET WITH UTMB'S PRESIDENT AND SENIOR STAFF TO DISCUSS THE SCOPE OF THE UTMB HEALTH EYE AND EAR INSTITUTE THAT WILL HOUSE STATE OF THE ART CLINICAL, ACADEMIC AND RESEARCH PROGRAMS AND DRAW PATIENTS BASED ON BECOMING A NATIONAL CENTER OF EXCELLENCE FOR OUTSTANDING PATIENT CARE. A GRANT OF 3,872,000 HAS BEEN APPROVED FOR THIS PROJECT. 17679343 17679343 1000000 250000 807308 813826 1000000 1000000 3621134 5431701 44000 44000 201827 203457 250000 250000 905284 1357926 4552106 4552106 672904 551656 121248 487 487 4673841 MANAGED INVESTMENT ACCOUNTS 75666373 F INTERNALLY MANAGED STOCKS 64533 F 75730906 DUE TO MAGNOLIA HOLDING CO. 539256 539256 85510202 41611623 41611623 43898579 43898579 17679343 17679343 17679343 true THE UNIVERSITY OF TEXAS MEDICAL BRA 301 UNIVERSITY BOULEVARD GALVESTON TX 775550129 746000949 13409908 SEE ATTACHED DETAIL 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 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 THE UNIVERSITY OF TEXAS MEDICAL BRANCH 301 UNIVERSITY BOULEVARD GALVESTON, TX 77555-0129 EIN: 74-6000949 AMOUNT OF GRANT PURPOSE OF GRANT 3,872,000 UTMB EYE AND EAR CENTER IN GALVESTON 1,000,000 JENNIE SEALY DISTINGUISHED CHAIR IN NEUROSCIENCE 2,000,000 JENNIE SEALY HEART AND VASCULAR CENTER IN GALVESTON 260,000 UTMB TEEN HEALTH PROGRAMS IN GALVESTON SCHOOLS 1,000 UTMB PRESIDENT'S CABINET (13,700) AMORTIZATION OF DISCOUNTS ON LONG-TERM GRANTS 306,701 UTMB HUMAN RESOURCES PROGRAM EXPENSES 1,092,801 PRIMARY CARE PAVILION OPERATING EXPENSES 164,816 R. WAVERLEY SMITH PAVILION OPERATING EXPENSES 204,202 UTMB OPHTHALMOLOGY CLINIC OPERATING EXPENSES 44,969 WEST END CLINIC PROPERTY PLANNING EXPENSES 571,746 UTMB PARKING LOT & GARAGE 59,690 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 217328 34147 251475 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 true false WAVERLEY HOLDING COMPANY K 85560 WAVERLEY HOLDING COMPANY O 68235 WAVERLEY HOLDING COMPANY Q 117085 WAVERLEY HOLDING COMPANY R 3490430 HARBOR PROPERTIES Q 223483 MAGNOLIA HOLDING COMPANY Q 283647 MAGNOLIA HOLDING COMPANY R 401308 UTMB-GALVESTON B 13409908