2025-08-14T10:52:55-07:00 2024-09-30 990 2023-10-01 050493219 Lifespan Foundation Brown University Health Foundation LIFE 4014446500 167 Point Street Providence RI 02903 Peter K Markell EVP & CFO 2025-08-14 true 2023 2025-03-06 01:10:19Z X Nicholas J Dominck Jr 167 Point Street Providence RI 02903 3470763 false X www.brownhealth.org X 1996 RI Through the development and administration of philanthropic activities, Brown University Health Foundation (BUHF) is able to make grants that help support the mission and purposes of Brown University Health, its affiliates, and the Rhode Island community. 3 0 0 0 478006 338650 0 212792 644671 3532 0 694330 983321 3251955 1635305 0 0 0 0 684 0 3252639 1635305 -2558309 -651984 12434369 12282835 14775 51459 12419594 12231376 X BUHF operates exclusively for charitable, scientific, and educational purposes, and more specifically, for the purpose of supporting and otherwise benefiting and being responsive to the needs of Brown University Health. (see Sched.O) false false 953324 953324 In fiscal year 2024, BUHF transferred $603,324 to RIH to be used for cancer support, and well as support various patient care enhancement projects and research in the Brown University Health Cancer Institute. Also, $350,000 to RIH to support cardiology and cardiac surgery. 500000 500000 In fiscal year 2024, BUHF transferred $500,000 to Rhode Island Hospital (RIH), to provide increased opportunities for Black, Indigenous, and people of color (BIPOC) to have greater access to employment, job training, healthcare professional certification, advanced education, and leadership development. 91329 91329 BUHF and Brown have an agreement pursuant to which each entity maintains an endowment fund representing 50% of an endowment gift, the income from which supports a diagnostic imaging shared chair. The agreement specifies a spending rate which is applied to the trailing three-year average fair value of the endowment fund to arrive at an amount used to support the named professorship. Payments distributing this amount, which are made by BUHF to Brown on a quarterly basis, totaled $91,329 in fiscal year 2024. 90652 90652 1635305 true true false false false false false false false true false true false false true true 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 false false false true 1 0 true 0 false false false false false false false 0 false false false false false false false X 3 0 true false false false true true true true true false false true true true true true true false false false RI X Peter K Markell 4014447914 167 Point Street Providence RI 02903 X Peter K Markell EVP & CFO 0.10 49.90 X 0 1193642 18928 Paul J Adler Secretary 0.05 39.95 X X 0 926856 151085 Eva Greenwood Treasurer 0.10 39.90 X X 0 649185 87891 Nicholas J Dominck Jr President 0.10 39.90 X X 0 523234 99888 3292917 357792 0 false true false 0 338650 338650 0 175566 175566 0 0 0 2956547 2487442 469105 469105 469105 0 0 0 0 983321 644671 1635305 1635305 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1635305 1635305 0 0 1854 45013 0 5943935 5429341 0 0 0 0 0 0 0 4198206 4043669 2155487 2764812 0 0 134887 0 12434369 12282835 14775 51459 14775 51459 X 33239 46135 12386355 12185241 12419594 12231376 12434369 12282835 X -651984 463019 747 X false true X true false X 349224 115763 485529 478006 338650 1767172 0 0 349224 115763 485529 478006 338650 1767172 347469 1419703 36609 110621 142284 132446 175566 597526 0 15750 21721 4450 41921 2406619 0.58990 0.61380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6488580 877691 1107690 1635305 30175 6808481 6182465 2984472 558195 3162449 74103 6488580 8563346 353068 -893040 1715372 125537 6182465 5754164 1836030 1335776 362624 8563346 5401024 336406 458447 441713 5754164 0.00430 0.44390 0.55180 false true true 2764812 Due to Affiliates 51459 51459 X Part V, Line 4: Intended uses of the endowment fund. BUHF's permanently restricted endowments generate income which is donor-designated to support: (1) a clinical shared chair in diagnostic imaging with The Warren Alpert Medical School of Brown University (Brown) and (2) RIH's 50% share of the spending from the Interventional Cardiology Joint Program Fellowship endowment with Brown. The largest temporarily restricted funds held by BUHF sustain the above clinical shared chair in diagnostic imaging/cardiology fellowship and are also used to support cardiac care, employee education, the Brown University Health Cancer Institute, and other health care programs sponsored by Lifespan and certain of its affiliates. Part X : FIN48 Footnote BUHF is a not-for-profit corporation as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and is exempt from Federal income taxes pursuant to Section 501(a) of the Code.BUHF recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Recognized income tax positions are measured at the largest amount of benefit that is greater than fifty percent likely to be realized upon settlement. Changes in measurement are reflected in the period in which the change in judgment occurs. BUHF did not recognize the effect of any income tax positions in either 2024 or 2023. true Brown University 75 Waterman Street Providence RI 02912 050258809 501(c)(3) 91329 0 Shared Chair Rhode Island Hospital 593 Eddy Street Providence RI 02903 050258954 501(c)(3) 1543410 0 See Form 990, Part III, Lines 4a/b 2 0 Grantmaker's Description of How Grants are Used BUHF engages in philanthropic activities to support the mission and purposes of Brown University Health and certain of its affiliates. During the fiscal year ended September 30, 2024, BUHF made certain temporarily restricted net asset transfers to specified clinical programs of Brown University Health affiliates. A master database of BUHF's temporarily restricted funds is maintained as the primary source for identifying each fund's restriction, the availability of the current balance, and the authorized personnel for the respective fund. The database contains the fund's name, primary reporting department, most recent month end balance, fund purpose/restriction, and the management responsible for the fund. Expenditures (purchase requisitions, work order requisitions, check requests, and employee reimbursements) from BUHF's temporarily restricted funds must be presented to the Brown University Health Finance Department for approval prior to processing. Each request is reviewed to ensure the availability of funds and that the expense/purchase is both in conformity with the fund's restriction and approved by the required levels of authorized personnel referenced in the database.BUHF and Brown University (Brown) have several agreements pursuant to which each entity maintains endowment funds representing 50% of certain endowment gifts which support various clinical shared chairs. Each agreement specifies a spending rate which is applied to the trailing three-year average fair value of the applicable endowment funds to arrive at an amount used to support the named professorships. Payments distributing these amounts, which are made by BUHF to Brown on a quarterly basis, totaled $91,329 in the fiscal year ended September 30, 2024. false true false false false false false false false Eva Greenwood Treasurer 450817 165150 33218 66165 21726 737076 Nicholas J Dominck Jr President 378195 66240 78799 78416 21472 623122 51955 Paul J Adler Secretary 641242 158116 127498 121810 29275 1077941 86031 Peter K Markell EVP & CFO 883350 186333 123959 18928 1212570 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: In fiscal year 2024, BUHF transferred $603,324 to RIH to be used for cancer support, and well as support various patient care enhancement projects and research in the Brown University Health Cancer Institute. Also, $350,000 to RIH to support cardiology and cardiac surgery. Form 990, Part VI, Section A, Line 2 Paul J. Adler, Brown University Health Secretary, Nicholas P. Dominick, Senior Vice President of RIH, and Eva Greenwood, Treasurer, are officers of Brown University Health MSO, Inc.(MSO), a related for-profit organization. Form 990, Part VI, Section A, Line 6 Brown University Health is the sole member of the BUHF. Form 990, Part VI, Section A, Line 7a The bylaws of BUHF confer certain reserved powers upon Brown Health to provide it with the means of effective oversight, coordination, and support of the system. Powers reserved to Brown Health include: to elect and remove trustees and to approve the election/removal of certain officers. At each annual meeting of BUHF's Board of Trustees, a list is compiled of the names of those persons selected to serve as Trustees of BUHF so that it can be approved and submitted to Brown Health for ratification and election. Form 990, Part VI, Section A, Line 7b Brown Health has the responsibility for planning, directing, and establishing policies intended to assure the development and delivery of quality health services on an integrated, cost-effective basis. Powers reserved to Brown Health, in addition to those noted above, include: to approve amendments of the Articles of Incorporation and Bylaws and other charter documents; to approve strategic plans; to approve investment policies and any capital or operating budgets or material non-budgeted expenditures; and to authorize incurrence or guaranty of material indebtedness. Form 990, Part VI, Section B, Line 11b The preparation and filing of the Form 990 and supporting schedules is the responsibility of the Executive Vice President & Chief Financial Officer (EVP/CFO) and Brown University Health's Finance Department. The Form 990 is prepared by the accounting staff upon completion of Brown University Health's annual independent audit and is reviewed by the Corporate Services Tax Compliance Manager and the Director of Finance. The draft Form 990 is then provided to the EVP/CFO for final management review. Prior to filing the return with the Internal Revenue Service, a copy of the entire form is sent to BUHF's Board of Trustees in advance of its next Board meeting, at which the EVP/CFO discusses the highlights of the Form. All questions and concerns of the members of the Board are addressed by the EVP/CFO and incorporated into the Form 990 when appropriate. Once the Form 990 is complete and ready to be filed, the members of the Board are notified via email that a copy of the final version of the Form 990 is accessible through a password-protected website portal. The EVP/CFO is authorized to file the Form 990. Form 990, Part VI, Section C, Line 19 Brown Health currently makes its annual and quarterly consolidated financial statements available to the public via DAC (Digital Assurance Certification, LLC), a disclosure dissemination agent for issuers of tax-exempt bonds which electronically posts and transmits Brown Health 's financial information to repositories and investors alike. In addition, copies of BUHF's Articles of Incorporation, Bylaws, and Conflict of Interest Policy are available upon request from the office of the Brown Health EVP/CFO, either in person or by mail. Form 990, Part XI, Line 9 Employee Fund contributions = $747 Form 990, Part VI, Line 12c: Brown Health has a Conflict of Interest Policy that is applicable to all affiliates, including BUHF, and administered by Brown Health's Compliance Department as follows: Each designated person subject to Brown Health's conflict of interest policy is required to provide Brown Health with an initial disclosure statement and thereafter an annual statement attesting that: (i) the designated person has read and is familiar with this policy, and (ii) the designated person and, to the best of his/her knowledge, family members, have not in the past engaged in, are not presently engaging in, or plan to engage in, any activity which contravenes this policy.If, at any time during the course of employment or association, a designated person has reason to believe that an existing or contemplated activity may contravene this policy, the person shall submit a full written description of the activity to the Brown Health Compliance Officer or the Office of the General Counsel to seek a determination as to whether the contemplated activity does or does not contravene this policy. If the activity in question involves either the Chief Executive Officer, the Senior Vice President and General Counsel, or a Trustee, a full written disclosure must be made to, and a determination sought from, the Chairman of the Board of Directors of Brown Health.Annually, the Brown Health Compliance Officer shall review and report to the Brown Health Executive Corporate Compliance Committee and to the Brown Health Audit and Compliance Committee on the administration of this policy.Failure on the part of any designated person to comply with this policy, including failure to submit in a timely fashion the conflict of interest disclosure statement, will be grounds for removal from his/her position and/or termination of his/her employment with Brown Health. Form 990, Part VI, Lines 15 a&b: The following applies to Brown Health and all of its affiliates, including BUHF:EXECUTIVE COMPENSATIONBrown Health's executive compensation philosophy balances appropriate stewardship of resources and the need to be competitive in recruiting and retaining talented individuals. It incorporates market-competitive and performance-related principles, and covers the President and CEO of Brown Health as well as other officers, senior management, and key employees. Brown Health's executive compensation program complies both with law and with contemporary ethical norms, and is administered consistent with the organization's tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (IRC) and the avoidance of transactions subject to intermediate sanctions under Section 4958 of the IRC. Executive compensation is also administered consistent with Brown Health's Corporate Compliance Policy on Excess Benefit Transactions.The Compensation Committee of the Brown Health Board of Directors (the Committee), comprised of disinterested Brown Health Board members, is responsible for diligent oversight of executive compensation to ensure compliance with IRC requirements. Its duties include:* Approving eligibility for participation in the executive compensation program * Approving changes in compensation for existing executive participants * Approving guidelines, such as salary ranges and contract terms, on appropriate levels of compensation for other key employees* Approving new, and modifying or terminating existing, executive compensation plans including, but not limited to, annual incentive and executive benefit plans* Approving performance objectives associated with Brown Health's annual incentive plan, including measuring points, and using verified actual performance relative to these objectives as a precondition to approving the payment of any awards under the plan* Authorizing periodic performance benchmark studies to be conducted for purposes of assessing Brown Health's performance within the healthcare industry and the degree to which total remuneration levels at Brown Health are generally commensurate with Brown Health performance relative to healthcare industry performance* Conducting an annual performance review of Brown Health's Chief Executive Officer. The Chair of the Committee conducts and documents this review, based on his/her observations and interpretation of feedback from members of the Board of Directors.* Selecting and engaging qualified, independent, third-party compensation valuation consultants that the Committee charges with rendering opinions with respect to the reasonableness and comparability of compensation as well as the comparative organizations against which compensation is assessed, in accordance with relevant sections of the IRC and Brown Health's executive compensation philosophy. Brown Health's Chief Executive Officer works closely with the Committee to make recommendations on the above topics and keep the Committee informed about contemplated compensation changes for executives and other key employees, as well as candidates for these roles. The CEO also provides periodic updates to the Committee regarding Brown Health's performance relative to compensation-related performance objectives. The Committee's deliberations and actions are documented in minutes prepared for each meeting.PROCESS FOR DETERMINING COMPENSATION Valuation of Total Cash and Total Remuneration: No less frequently than annually, the Committee receives and reviews a total cash compensation valuation of all existing executive compensation program participants prepared by its independent compensation consultant. Annually, the Committee also receives and reviews a total remuneration valuation of all existing executive compensation participants. Base Salary Actions: The CEO recommends any salary adjustments for participants in the executive compensation program, using the results of the valuation study and his/her assessment of individual performance or other pertinent information, for the Committee's consideration.New Participants in Executive Compensation Program: With respect to compensation offers for individuals expected to participate in the executive compensation program, certain members of the Brown Health CEO's leadership team work with the Committee's independent compensation consultant or rely on information previously provided by the consultant to establish a range of reasonable cash compensation within which recruitment is expected to conclude through acceptance of a reasonable compensation offer. Form 990, Part XII, Line 2: While BUHF did not produce an audited financial statement as of and for the fiscal year ended September 30, 2024, it was included in Brown Health's audited consolidated financial statements, in which one column is used for the Foundation individually. There are no regulatory or creditor stipulations which require the preparation of a separate audited financial statement for BUHF.The Brown Health Audit and Compliance Committee assumes responsibility for oversight of the audit of Brown Health's consolidated financial statements and the selection of Brown Health's independent accountant. ALC dba HSR 1 Virginia Avenue Suite 200 Providence RI 02905 050442015 Housing for Elderly and Mentally Ill RI 501(c)(3) 10 Gateway Healthcare Inc false Bayberry Courts Inc 1 Virginia Avenue Suite 200 Providence RI 02905 204590384 Housing for Elderly and Mentally Ill RI 501(c)(3) 10 Gateway Healthcare Inc false Bradley Hospital Foundation 167 Point Street Providence RI 02903 050500688 Philanthropic Activities RI 501(c)(3) 7 Brown University Health false Capital City Community Centers Inc 1 Virginia Avenue Suite 200 Providence RI 02905 050259090 Daycare Services RI 501(c)(3) 7 Gateway Healthcare Inc false Emma Pendleton Bradley Hospital 1011 Veterans Memorial Parkway East Providence RI 02915 050258806 Pediatric Psych. 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Services RI 501(c)(3) 7 Brown University Health false Newport Health Property Management Inc 11 Friendship Street Newport RI 02840 222335539 Property Management RI 501(c)(3) 12(I) Newport Health Care Corporation false Newport Hospital 11 Friendship Street Newport RI 02840 050258914 Health Care Services RI 501(c)(3) 3 Brown University Health false Newport Hospital Foundation Inc 11 Friendship Street Newport RI 02840 222535533 Philanthropic Activities RI 501(c)(3) 7 Brown University Health false NHCC Medical Associates Inc 11 Friendship Street Newport RI 02840 050472268 Health Care Services RI 501(c)(3) 10 Brown University Health false Obed Apartments Inc 1 Virginia Avenue Suite 200 Providence RI 02905 050422771 Housing for Elderly and Mentally Ill RI 501(c)(3) 10 Gateway Healthcare Inc false Pathways Inc 1 Virginia Avenue Suite 200 Providence RI 02905 050393004 Housing for Elderly and Mentally Ill RI 501(c)(3) 10 Gateway Healthcare Inc false Rhode Island Hospital 593 Eddy Street Providence RI 02903 050258954 Health Care Services RI 501(c)(3) 3 Brown University Health false Rhode Island Hospital Foundation 167 Point Street Providence RI 02903 050468736 Philanthropic Activities RI 501(c)(3) 7 Brown University Health false RIH Ventures 593 Eddy Street Providence RI 02903 050448686 Parking Facilities/Phlebotomy Services RI 501(c)(3) 10 Brown University Health false Shore Courts Inc 1 Virginia Avenue Suite 200 Providence RI 02905 050504003 Housing for Elderly and Mentally Ill RI 501(c)(3) 10 Gateway Healthcare Inc false The Autism Project 1516 Atwood Avenue Johnston RI 02919 050512037 Services for Children with Autism RI 501(c)(3) 10 Gateway Healthcare Inc false The Miriam Hospital 164 Summit Avenue Providence RI 02906 050258905 Health Care Services RI 501(c)(3) 3 Brown University Health false The Miriam Hospital Foundation 167 Point Street Providence RI 02903 050377502 Philanthropic Activities RI 501(c)(3) 7 Brown University Health false TLR Realty 1 Virginia Avenue Suite 200 Providence RI 02905 043742771 Housing for Elderly and Mentally Ill RI 501(c)(3) 10 Gateway Healthcare Inc false Wentworth Corporation 1 Virginia Avenue Suite 200 Providence RI 02905 050488520 Housing for Elderly and Mentally Ill RI 501(c)(3) 10 Gateway Healthcare Inc false Westerly Courts Inc 1 Virginia Avenue Suite 200 Providence RI 02905 611439766 Housing for Elderly and Mentally Ill RI 501(c)(3) 10 Gateway Healthcare Inc false Brown Health Medical Group Primary Care 10 Davol Square Providence RI 02903 844944884 Physician Health Care Services RI 501(c)(3) 10 Brown University Health false Brown University Health Alliance 167 Point Street Providence RI 02903 812732225 Account. 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