VERMONT HEALTH FOUNDATION INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: VERMONT HEALTH FOUNDATION INC (EIN 03-0289111)
Tax period: 2011-10-01 to 2012-09-30
Filed: 2013-02-04
IRS object ID: 201320359349300167
Schema version: 2011v1.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule N
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-02-04T10:08:59-06:00	Timestamp
Tax Period End Date	2012-09-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DAVIS & HODGDON ASSOCIATES CPAS PLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	33 BLAIR PARK RD STE 201	AddressLine1
City	WILLISTON	City
State	VT	State
ZIP Code	05495	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-10-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	030289111	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	VERMONT HEALTH FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	VERM	NameControl
Phone	8028473445	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	199 MAIN STREET SUITE 150	AddressLine1
Address Line2	ROOM/SUITE 150	AddressLine2
City	BURLINGTON	City
State	VT	State
ZIP Code	05401	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	PENROSE JACKSON	Name
Title	PRESIDENT	Title
Phone	8028473445	Phone
Date Signed	2013-01-07	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	BRET HODGDON	Name
Phone	8028781963	Phone
Date Prepared	2013-01-25	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	PENROSE JACKSON	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	199 MAIN STREET SUITE 150	AddressLine1
City	BURLINGTON	City
State	VT	State
ZIP Code	05401	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	6750551	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.FLETCHERALLEN.ORG/COMMUNITY	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1983	YearFormation
State Legal Domicile	VT	StateLegalDomicile
Activity Or Mission Description	THE MISSION OF THE FLETCHER ALLEN COMMUNITY HEALTH FOUNDATION IS TO BE A CATALYST FOR COMMUNITY HEALTH IMPROVEMENT.	ActivityOrMissionDescription
Termination Or Contraction	X	TerminationOrContraction
Nbr Voting Members Governing Body	11	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	11	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	23900	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	512644	InvestmentIncomePriorYear
Investment Income Current Year	330207	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	536544	TotalRevenuePriorYear
Total Revenue Current Year	330207	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	293159	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	97211	OtherExpensePriorYear
Other Expenses Current Year	6874557	OtherExpensesCurrentYear
Total Expenses Prior Year	390370	TotalExpensesPriorYear
Total Expenses Current Year	6874557	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	146174	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-6544350	RevenuesLessExpensesCY
Total Assets BOY	6554759	TotalAssetsBOY
Total Assets EOY	0	TotalAssetsEOY
Total Liabilities BOY	10409	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	6544350	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	0	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	THE MISSION OF THE FLETCHER ALLEN COMMUNITY HEALTH FOUNDATION IS TO BE A CATALYST FOR COMMUNITY HEALTH IMPROVEMENT.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	true	SignificantChange
Expense	6865209	Expense
Revenue	330207	Revenue
Description	THE VERMONT HEALTH FOUNDATION IS A PROVIDER OF CHARITABLE DONATIONS TO NOT-FOR-PROFIT HEALTH CARE ORGANIZATIONS. ITS GOAL IS TO USE THE INCOME AND RETURNS FROM ITS INVESTMENT PORTFOLIO TO PROVIDE FUNDING TO COMMUNITY BASED ORGANIZATIONS FOR THE BENEFIT OF THE GENERAL HEALTH OF THE COMMUNITY.	Description
Total Program Service Expense	6865209	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	false	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	true	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	2	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	11	NbrVotingGoverningBodyMembers
Number Independent Voting Members	11	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	CHRISTOPHER F WEINHEIMER	NamePerson
Telephone Number	2522493172	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	105 HUDNELL LANE	AddressLine1
City	ORIENTAL	City
State	NC	State
ZIP Code	28571	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
PATRICIA BERRY
DIRECTOR	2.00	X	0	0	0
HAL COLSTON
CHAIR	2.00	X	0	0	0	X
LAUREN CURRY
DIRECTOR	2.00	X	0	0	0
PETER HASKELL
DIRECTOR	2.00	X	0	0	0
GRETCHEN MORSE
DIRECTOR	2.00	X	0	0	0
MILDRED REARDON MD
DIRECTOR	2.00	X	0	0	0
ROBERT DOSTIS MS RD
DIRECTOR	2.00	X	0	0	0
ALICE CHRISTIAN MPA
DIRECTOR	2.00	X	0	0	0
BETTY RAMBUR PHD RN
DIRECTOR	2.00	X	0	0	0
RUTH UPHOLD MD
DIRECTOR	2.00	X	0	0	0
RICK BLOUNT
DIRECTOR	2.00	X	0	0	0
PENROSE JACKSON
PRESIDENT	10.00		0	0	0	X

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	898	TotalRevenueColumn
Exclusion	$898	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	6749653	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	6415218	Securities
Other	5126	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	334435	Securities
Other	-5126	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	329309	TotalRevenueColumn
Exclusion	$329,309	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	330207	TotalRevenueColumn
Exclusion	$330,207	ExclusionAmount

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	3025	Total
Management And General	3025	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	246	Total
Management And General	246	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	5000	Total
Management And General	5000	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1055	Total
Management And General	1055	ManagementAndGeneral

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
TRANSFER TO FAHC	6865209	6865209
BANK CHARGES AND FEES	22		22

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	6874557	Total
Program Services	6865209	ProgramServices
Management And General	9348	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	45868	BOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	87	BOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	2055	BOY

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5126	BOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	6501623	BOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	6554759	BOY
EOY	0	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	10209	BOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	200	BOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	10409	BOY
EOY	0	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	6191859	BOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	352491	BOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	6544350	BOY
EOY	0	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	6554759	BOY
EOY	0	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-6544350	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Supporting Organization509a3	X	SupportingOrganization509a3
Supporting Org509a3 Type3 Func Int	X	SupportingOrg509a3Type3FuncInt
Certification Checkbox	X	CertificationCheckbox
Contrib By Controlling Individual	false	ContribByControllingIndividual
Contribution By Related Party	false	ContributionByRelatedParty
Contrib By35 Controlled Entity	false	ContribBy35ControlledEntity

Supported Org Information SupportedOrgInformation

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	FLETCHER ALLEN HEALTH CARE	BusinessNameLine1

Field	Value	IRS element (for citing)
EIN	030219309	EIN
Type Of Organization	3	TypeOfOrganization
Listed In Governing Doc	false	ListedInGoverningDoc
Supported Organization Notified	true	SupportedOrganizationNotified
Organized In US	true	OrganizedInUS
Amount	$6,865,209	Amount

Field	Value	IRS element (for citing)
Total Number Of Supported Orgs	1	TotalNumberOfSupportedOrgs
Sum Of Amounts	6865209	SumOfAmounts

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR
Total Revenue	330207	TotalRevenue
Total Expenses	6874557	TotalExpenses
Excess Or Deficit For Year	-6544350	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-6544350	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	335333	TotRevenueEtcAuditedFinclStmt
Other Revenues	5126	OtherRevenues
Revenue Not Rptd F990	5126	RevenueNotRptdF990
Revenue Subtotal	330207	RevenueSubtotal
Total Revenue Per Form990	330207	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	6879683	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	5126	OtherExpensesIncluded
Expenses Not Rptd F990	5126	ExpensesNotRptdF990
Expenses Subtotal	6874557	ExpensesSubtotal
Total Expenses Per Form990	6874557	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	VHF ANNUALLY FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, TAX RETURN IN THE U.S. FEDERAL JURISDICTION. VHF IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATION BY TAX AUTHORITIES FOR THE YEARS PRIOR TO 2008. IN THE NORMAL COURSE OF BUSINESS, VHF IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES. ALTHOUGH THE OUTCOME OF TAX AUDITS IS ALWAYS UNCERTAIN, THE MANAGEMENT OF VHF BELIEVES THAT THERE ARE NO SIGNIFICANT UNRECOGNIZED TAX LIABILITIES AT SEPTEMBER 30, 2012 AND 2011.
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	LOSS ON ASSET DISPOSITION 5,126 LOSS ON ASSET DISPOSITION -5,126
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	LOSS ON ASSET DISPOSITION 5,126
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 2D	LOSS ON ASSET DISPOSITION 5,126

Schedule N IRS990ScheduleN

Disposition Table DispositionTable

Field	Value	IRS element (for citing)
Description Of Asset	TRANSFER OF ASSETS	DescriptionOfAsset
Date Of Distribution	2012-02-17	DateOfDistribution
FMV Of Asset	6865209	FMVOfAsset
Method Of FMV Determination	CASH	MethodOfFMVDetermination
EIN	030219309	EIN
Name Person	FLETCHER ALLEN HEALTH CARE	NamePerson

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PROSPECT STREET	AddressLine1
City	BURLINGTON	City
State	VT	State
ZIP Code	05401	ZIPCode

Field	Value	IRS element (for citing)
IRC Section	501C3	IRCSection

Field	Value	IRS element (for citing)
Director Of Successor2	false	DirectorOfSuccessor2
Employee Of Successor2	false	EmployeeOfSuccessor2
Owner Of Successor2	false	OwnerOfSuccessor2
Receive Compensation2	false	ReceiveCompensation2

Form990 Schedule N Part III Form990ScheduleNPartIII

Field	Value	IRS element (for citing)
Identifier	DETAIL	Identifier
Return Reference	SCHEDULE N PART II PAGE 2 LINE 2E	ReturnReference
Explanation	IN ORDER TO MAINTAIN EFFIENCY AND REDUCE MANAGEMENT EXPENSES A MOTION PASSED BY THE VERMONT HEALTH FOUNDATION BOARD OF DIRECTORS TO TRANSFER ALL ASSETS TO FLETCHER ALLEN HEALTH CARE FAHC THROUGH A GIFT AGREEMENT FUNDS TRANSFERED TO FAHC INCLUDE AMOUNTS WITHOUT DONOR RESTRICTIONS TOTALING 6512677 AND DONOR RESTRICTED FUNDS TOTALING 352532 DONOR RESTRICTED FUNDS WERE TRANSFERRED WITH ALL RESTRICTIONS IN PLACE TO BE HONORED BY FAHC VERMONT HEALTH FOUNDATION BOARD MEMBERS WILL SERVE IN AN ADVISORY CAPACITY IN SELECTING CERTAIN OF THE COMMITTEE MEMBERS THAT WILL OVERSEE THE USE OF THE TRANSFERRED FUNDS MOVING FORWARD	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ANY SIGNIFICANT CHANGES IN CONDUCT FOR PROGRAM SERVICES	FORM 990, PAGE 2, PART III, LINE 3	IN ORDER TO MAINTAIN EFFIENCY AND REDUCE MANAGEMENT EXPENSES, A MOTION PASSED BY THE VERMONT HEALTH FOUNDATION BOARD OF DIRECTORS TO TRANSFER ALL ASSETS TO FLETCHER ALLEN HEALTH CARE (FAHC) THROUGH A GIFT AGREEMENT. FUNDS TRANSFERED TO FAHC INCLUDE AMOUNTS WITHOUT DONOR RESTRICTIONS TOTALING 6,512,677 AND DONOR RESTRICTED FUNDS TOTALING 352,532. DONOR RESTRICTED FUNDS WERE TRANSFERRED WITH ALL RESTRICTIONS IN PLACE TO BE HONORED BY FAHC. VERMONT HEALTH FOUNDATION BOARD MEMBERS WILL SERVE IN AN ADVISORY CAPACITY IN SELECTING CERTAIN OF THE COMMITTEE MEMBERS THAT WILL OVERSEE THE USE OF THE TRANSFERRED FUNDS MOVING FORWARD.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE VERMONT HEALTH FOUNDATION MAKES THE 990 AVAILABLE FOR ALL BOARD MEMBERS TO REVIEW PRIOR TO FILING VIA THEIR SECURE WEB PORTAL, VIA E-MAIL OR IN HARDCOPY.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	THE VERMONT HEALTH FOUNDATION REVIEWS THE CONFLICT OF INTEREST POLICY WITH THE BOARD OF TRUSTEES AND HAS ALL PERSONS SUBJECT TO THE POLICY SIGN AN ACKNOWLEDGEMENT OF THE SAME ON AN ANNUAL BASIS.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	VHF DOES NOT HAVE EMPLOYEES OF ITS OWN BUT RATHER REIMBURSES FLETCHER ALLEN HEALTH CARE FOR THE USE OF THEIR EMPLOYEES. THE AMOUNT OF THIS REIMBURSEMENT IS REVIEWED AND APPROVED BY THE BOARD OF VHF.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC BY PROVIDING COPIES UPON REQUEST.