2016-08-01T15:53:41-05:00 2015-12-31 760354302 HEAD MAXWELL & MCKENNA PC 2200 MARKET ST SUITE 401 GALVESTON TX 77550 990 2015-01-01 741109652 THE SEALY & SMITH FOUNDATION SEAL 4097628666 2200 MARKET STREET GALVESTON TX 77550 DOUGLAS G ROGERS EXEC DIR/ SEC/TREAS 4097628666 2016-08-01 true JOHN R MCKENNA JR P00618649 4097636479 2016-07-31 2015 2017-02-10 21:41:12Z DOUGLAS G ROGERS 186256029 false X SEALY-SMITH-FOUNDATION.ORG X 1922 TX SUPPORT OF THE JOHN SEALY HOSPITAL / UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON (UTMB). 7 6 8 0 0 0 78075565 47920369 21892791 13114125 99968356 61034494 8172590 80057600 0 1068108 1115738 0 0 4035823 3741958 13276521 84915296 86691835 -23880802 1106811568 1063421424 130768242 184022014 976043326 879399410 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 80057600 80057600 EXPENDITURES TO SUPPORT THE JOHN SEALY HOSPITAL / UTMB - GALVESTON. 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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. THE ORGANIZATION'S EXECUTIVE DIRECTOR MEETS OR SPEAKS WITH UTMB'S PRESIDENT OR OTHER EXECUTIVES AT LEAST MONTHLY IF NOT MORE. 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. 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. 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 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. DURING 2015, THE ORGANIZATION BEGAN PROVIDING, AT NO COST TO UTMB, FACILITIES ON CAMPUS FOR PARKING, INCLUDING A PARKING GARAGE AND PARKING LOT. ALSO IN 2015, THE UTMB HUMAN RESOURCES OFFICES WERE FINALIZED. LOCATED IN A BUILDING OWNED BY THE ORGANIZATION, OCCUPANCY OF THESE OFFICES IS PROVIDED AT NO EXPENSE TO UTMB. THE ORGANIZATION COORDINATED AND PAID FOR THE BUILDOUT OF UTMB'S HUMAN RESOURCES OFFICES BY PROVIDING THE ARCHITECT AND CONTRACTOR FOR THE PROJECT. MOREOVER, THE ORGANIZATION'S LEADERS AND STAFF MET SEVERAL TIMES WITH UTMB'S PRESIDENT AND SENIOR STAFF TO DISCUSS THE SCOPE OF THE JOHN SEALY HOSPITAL RENOVATION PROJECT. THIS PROJECT WILL INCLUDE REFURBISHING THE BUILDING FACADE AND EXPANSION AND MODERNIZATION OF THE PATIENT ROOMS WITHIN THE HOSPITAL. A GRANT OF 75,000,000 HAS BEEN APPROVED FOR THIS PROJECT. THIS PROJECT IS EXPECTED TO BEGIN IN 2016. 84915296 84915296 1000000 250000 829884 807308 813826 1000000 3451018 5176527 48000 44000 92000 207471 201827 203457 250000 862755 1294133 1241849 1241849 672904 521581 151323 487 487 1393659 MANAGED INVESTMENT ACCOUNTS 93315225 F INTERNALLY MANAGED STOCKS 85683 F 93400908 DUE TO MAGNOLIA HOLDING CO. 184536 184536 -11728620 -72763114 -72763114 61034494 61034494 84915296 84915296 84915296 true THE UNIVERSITY OF TEXAS MEDICAL BRA 301 UNIVERSITY BOULEVARD GALVESTON TX 775550129 746000949 80057600 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 70,769,022 REVITALIZATION OF THE JOHN SEALY HOSPITAL 561,215 3D MAMMOGRAPHY/TOMOSYNTHESIS EQUIPMENT 146,575 INTRAVASCULAR ULTRASOUND EQUIPMENT 2,755,684 UTMB TEEN HEALTH PROGRAMS IN GALVESTON SCHOOLS 1,000,000 COURTNEY M. TOWNSEND JR., M.D. DISTINGUISHED CHAIR IN GENERAL SURGERY 3,065,755 AMORTIZATION OF DISCOUNTS ON LONG-TERM GRANTS 467,241 UTMB HUMAN RESOURCES PROGRAM EXPENSES 721,906 PRIMARY CARE PAVILION OPERATING EXPENSES 173,395 R. WAVERLEY SMITH PAVILION OPERATING EXPENSES 212,909 UTMB OPHTHALMOLOGY CLINIC OPERATING EXPENSES 40,340 WEST END CLINIC PROPERTY PLANNING EXPENSES 84,441 UTMB PARKING LOT & GARAGE 59,117 OTHER REAL ESTATE UTILIZED BY UTMB X X X X false false false false false false false false false MICHAEL C DOHERTY EXEC DIR/SEC/TREAS 191134 14737 13053 218924 DOUGLAS G ROGERS EXEC DIR/ SEC/TREAS 196699 17500 13114 227313 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 AND 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. THE EXECUTIVE DIRECTOR AND OTHER 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 15B ANNUALLY THE ORGANIZATION'S INDEPENDENT COMPENSATION COMMITTEE REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND 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. THE EXECUTIVE DIRECTOR AND OTHER 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. 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