The St. Joseph’s Hospitals Foundation is governed by a 28-member board of trustees that sets policies related to grant-making, geographic focus, spending, investment, management, governance and professional standards, internal and independent audits, and compensation and performance reviews. The foundation also has a process to annually evaluate the performance of the board, board committees and individual trustees.
Our Commitment to Good Stewardship
The St. Joseph’s Hospitals Foundation staff and its Board of Trustees take the responsibility of managing your philanthropic dollars very seriously.
Our dedicated staff maintains high standards of stewardship by managing resources to maximize your philanthropic contributions and actively avoiding excessive compensation and unreasonable or unnecessary expenses.
- follow generally accepted accounting principles;
- are transparent in our actions and our reporting;
- undergo an annual audit by an independent third party CPA firm;
- seek diversity and inclusiveness in our grant-making to reflect the changing complexion of the community we serve.
The foundation and the activities of its trustees and staff members are governed by the following documents:
- Charter/Articles of Incorporation Describes the purposes for which the foundation was organized.
- Bylaws Includes rules governing the foundation’s operations relating to the board of trustees, board committees, officers and related matters.
Detail the mission statement, organization, committee roles and responsibilities, and the review process and approval of trustee affiliations:
- Executive Committee
- Finance and Investment Committee
- Development Committee
Policy and Procedure Documents
- Standards of Independence Sets forth the definition of “independence” adopted by the board. Under the bylaws, a majority of the trustees must be independent.
- Trustee Code of Ethics Includes procedures for avoiding actual or apparent conflicts of interest by members of the board of trustees.
- Ensuring Grants Are Used for Charitable Purposes Describes the extensive procedures for making and monitoring grants, ensuring our funds are used for the intended charitable purposes, and how these measures relate to pursuing our mission as a philanthropic institution.
- Procedures for Approving Affiliated Grants Sets forth the process adopted by the Audit Committee of the board for reviewing proposed grants to organizations with which a trustee is affiliated as an officer, director or employee.
- Procedures for the Receipt, Retention and Treatment of Complaints Describes procedures adopted by the Audit Committee of the board for handling complaints regarding accounting, internal accounting controls and auditing matters.
- Staff Code of Conduct and Ethics Includes procedures for avoiding actual or apparent conflicts of interest by foundation staff members, including the officers of the foundation.