2026-08-17T16:14:38-07:00 2025-09-30 990 2024-10-01 050493219 LIFESPAN FOUNDATION LIFE 4014446500 15 LaSalle Square Providence RI 02903 Kevin Bickerstaff Director of Finance 4014447035 2026-08-14 1 2024 2025-03-06 01:10:19Z X Brown University Health Foundation Marcia L Neiberg 15 LaSalle Square Providence RI 02903 2627328 0 X www.brownhealth.org X 1996 RI 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. 3 0 0 0 0 0 338650 446414 0 0 644671 601477 0 0 983321 1047891 1635305 1740938 0 0 0 0 0 0 0 0 0 1635305 1740938 -651984 -693047 12282835 11688861 51459 25603 12231376 11663258 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. 0 0 1605726 1605726 0 In fiscal year 2025, BUHF transferred $1,605,726 to Rhode Island Hospital (RIH). $1,250,000 was provided 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. Additionally, $178,906 was transferred to be used for cancer support, and well as support various patient care enhancement projects and research in the Brown University Health Cancer Institute and $98,264 was provided to RIH to support cardiology and cardiac surgery. 99979 99979 0 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 $99,979 in fiscal year 2025. 33608 33608 0 In fiscal year 2025, BUHF transferred $33,608 to The Miriam Hospital to be used for cancer support, focusing on the area of pancreatic cancer. 1625 1625 0 During fiscal year 2025, BUH transferred $1,625 to Saint Anne's Hospital for philanthropic support to that organization. 1625 1625 0 1740938 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 3 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 RI X Peter K Markell 4014447914 15 LaSalle Square Providence RI 02903 Peter K Markell EVP & CFO 0.1 49.9 X 0 1464555 40760 Paul J Adler Secretary 0.05 49.95 X X 0 879367 149013 Marcia L Neiberg President 0.1 49.9 X X 0 630795 139043 Nicholas Dominick Jr President thru 12-24 0.1 49.9 X X 0 702482 40089 Eva Greenwood Treasurer 0.1 49.9 X X 0 539491 116060 0 4216690 484965 0 0 1 0 0 0 0 0 0 0 446414 0 446414 0 197078 0 0 197078 0 0 0 0 0 0 0 0 0 0 1983836 0 1579437 0 404399 0 404399 0 0 404399 0 0 1047891 0 0 601477 1740938 1740938 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 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 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1740938 1740938 0 0 45013 23844 5429341 4186189 4043669 4629837 2764812 2848991 12282835 11688861 24967 51459 636 51459 25603 X 46135 152641 12185241 11510617 12231376 11663258 12282835 11688861 -693047 124929 0 0 0 0 X 0 1 X 1 0 X 115763 485529 478006 338650 446414 1864362 115763 485529 478006 338650 446414 1864362 436977 1427385 110621 142284 132446 175566 197078 757995 15750 21721 4450 41921 2664278 0.53575 0.5899 X Schedule A, Part II, Line 10 Fundraising Income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6808481 1645637 726403 1740738 39045 0 7400738 6488580 877691 1107690 1635305 30175 0 6808481 6182465 2984472 558195 3162449 74103 0 6488580 8563346 353068 -893040 1715372 125537 0 6182465 5754164 1836030 1335776 0 362624 0 8563346 0.0236 0.4041 0.5723 0 1 1 Marketable Alternatives 67242 F Cash and Cash Equivalents 97888 F Commodities 111572 F Limited Partnerships 1206948 F Interest in Brown Investment Pool 1365341 F 2848991 Due to Affiliates 636 636 X Schedule D, Part V, Line 4 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 Brown University Health and certain of its affiliates. Schedule D, Part X, Line 2 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 2025 or 2024. 1 Rhode Island Hospital 593 Eddy Street Providence RI 02903 050258954 501(c)(3) 1605726 0 FMV Philanthropic Support Brown University 75 Waterman Street Providence RI 02912 050258809 501(c)(3) 99979 0 FMV Shared Chair Support The Miriam Hospital 164 Summit Avenue Providence RI 02906 050258905 501(c)(3) 33608 0 FMV Philanthropic Support 3 0 Schedule I, Part I, Line 2 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, 2025, 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 $99,979 in the fiscal year ended September 30, 2025. 0 1 0 0 0 0 0 0 0 Peter K Markell EVP & CFO 0 1221588 0 0 0 242967 0 18975 0 21785 0 1505315 0 0 Paul J Adler Secretary 0 757627 0 0 0 121740 0 127377 0 21636 0 1028380 0 89854 Marcia L Neiberg President 0 613885 0 0 0 16910 0 106215 0 32828 0 769838 0 0 Nicholas Dominick Jr President thru 12-24 0 478872 0 0 0 223610 0 17332 0 22757 0 742571 0 206825 Eva Greenwood Treasurer 0 516279 0 0 0 23212 0 91782 0 24278 0 655551 0 0 Schedule J, Part I, Line 4 Line 4b: Brown University Health offers a non-qualified supplemental employee retirement plan to certain executives. The following individual was credited with the amount indicated during calendar year 2024 and such amount is included in deferred compensation on Schedule J, Part II, Column C: Paul Adler - $106,677. Nicholas P. Dominick - $5,513. Eva Greenwood - $73,257. Marcia L. Neiberg - $88,870. In 2024, the following individual became vested in and was paid a non-qualified supplemental employee retirement plan (SERP) amount and such amount is included in Medicare wages, more specifically on Schedule J, Part II, Column B(iii): Paul J. Adler - $89,854. Nicholas P. Dominick - $206,825. Peter K. Markell - $158,521. Participants included in Brown University Health's SERP are awarded plan contributions on a quarterly basis. Contributions and interest earned during a plan year vest after three years and are paid to plan participants at that time. SERP payments earned during the calendar year which have not yet vested are disclosed on Schedule J, Part II, Column C. Vested SERP payments received during the year are disclosed on Schedule J, Part II, Column B(iii) (as well as Column F if reported on Schedule J, Part II, Column C of a previously filed Form 990). Plan contributions awarded to participants who have reached age 62 become vested as of the beginning of the following calendar year. 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, served as 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 BUHF. Form 990, Part VI, Section A, Line 7a 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. Form 990, Part VI, Section A, Line 7b 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 Health's Finance Department. The Form 990 is prepared by the accounting staff upon completion of Brown Health's annual independent audit and is reviewed by the Corporate Services Tax Compliance Manager and the Director of Finance - Corporate Services. 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 the same password-protected website portal. The EVP/CFO is authorized to file the Form 990. Form 990, Part VI, Section B, 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, 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. Alternative Living Concepts Inc 15 LaSalle Square Providence RI 02903 050442015 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Bayberry Courts Inc 15 LaSalle Square Providence RI 02903 204590384 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Bradley Hospital Foundation 15 LaSalle Square Providence RI 02903 050500688 Philanthropic Activities RI 3 7 Brown University Health 0 Brown Health Medical Group 15 LaSalle Square Providence RI 02903 050389801 Physician Health Care Services RI 3 10 Brown University Health 0 Brown Health Medical Group of Massachusetts Inc 15 LaSalle Square Providence RI 02903 331237732 Physician Health Care Services MA 3 10 Brown University Health 0 Brown Health Medical Group Primary Care 15 LaSalle Square Providence RI 02903 844944884 Physician Health Care Services RI 3 10 Brown University Health 0 Brown University Health 15 LaSalle Square Providence RI 02903 222861978 Holding Company/Mgmnt Svcs RI 3 13 N/A 0 Brown University Health Massachusetts 15 LaSalle Square Providence RI 02903 043408517 Holding Company RI 3 13 Brown University Health 0 Capital City Community Centers Inc 15 LaSalle Square Providence RI 02903 050259090 Daycare Services RI 3 7 Gateway Healthcare Inc 0 Emma Pendleton Bradley Hospital 1011 Veterans Memorial Parkeay East Providence RI 02915 050258806 Pediatric Psychiatric Health Care Svcs. RI 3 3 Brown University Health 0 Families Reaching Into Each New Day Inc 15 LaSalle Square Providence RI 02903 050504841 Bereavement Services for Children RI 3 7 Gateway Healthcare Inc 0 Gateway Healthcare Inc 15 LaSalle Square Providence RI 02903 050309043 Subst. Abuse & Pysch. Health Care Svcs. RI 3 10 Brown University Health 0 Hospital Properties Inc 15 LaSalle Square Providence RI 02903 222869743 Property Management RI 4 Brown University Health 0 JM Apartments Inc 15 LaSalle Square Providence RI 02903 050435537 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 LJR Corporation 15 LaSalle Square Providence RI 02903 030508346 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Mill River Community Housing Corporation 15 LaSalle Square Providence RI 02903 050427152 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Morton Hospital 88 Washington Street Taunton MA 02780 994836263 Health Care Services MA 3 3 Brown University Health 0 Newport Health Care Corporation 11 Friendship Street Newport RI 02840 222535537 Holding Company/Mgmnt Svcs RI 3 7 Brown University Health 0 Newport Health Property Management 11 Friendship Street Newport RI 02840 222335539 Property Management RI 3 12 Newport Health Care Corporation 0 Newport Hospital 11 Friendship Street Newport RI 02840 050258914 Health Care Services RI 3 3 Brown University Health 0 Newport Hospital Foundation Inc 11 Friendship Street Newport RI 02840 222535533 Philanthropic Activities RI 3 7 Brown University Health 0 NHCC Medical Associates Inc 11 Friendship Street Newport RI 02840 050472268 Health Care Services RI 3 10 Brown University Health 0 Obed Apartments 15 LaSalle Square Providence RI 02903 050422771 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Pathways Inc 15 LaSalle Square Providence RI 02903 050393004 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Rhode Island Hospital 593 Eddy Street Providence RI 02903 050258954 Health Care Services RI 3 3 Brown University Health 0 Rhode Island Hospital Foundation 15 LaSalle Square Providence RI 02903 050468736 Philanthropic Activities RI 3 7 Brown University Health 0 RIH Ventures 593 Eddy Street Providence RI 02903 050448686 Parking Facilities/Phlebotomy Svcs RI 3 10 Brown University Health 0 Saint Annes Hospital 795 Middle Street Fall River MA 02721 994841947 Health Care Services MA 3 3 Brown University Health 0 Shore Courts 15 LaSalle Square Providence RI 02903 050504003 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 The Autism Project 1516 Atwood Avenue Johnston RI 02919 050512037 Services for Children with Autism RI 3 10 Gateway Healthcare Inc 0 The Bradley Schools 140 Broadway Providence RI 02903 464910847 Educational Services RI 3 2 Emma Pendleton Bradley Hospital 0 The Miriam Hospital 164 Summit Avenue Providence RI 02906 050258905 Health Care Services RI 3 3 Brown University Health 0 The Miriam Hospital Foundation 15 LaSalle Square Providence RI 02903 050377502 Philanthropic Activities RI 3 7 Brown University Health 0 TLR Realty 15 LaSalle Square Providence RI 02903 043742771 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Wentworth Corporation 15 LaSalle Square Providence RI 02903 050488520 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Westerly Courts Inc 15 LaSalle Square Providence RI 02903 611439766 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Brown University Health Alliance LLC 15 LaSalle Square Providence RI 02903 812732225 Accountable Care Organization RI N/A 0 0 0 0 0 Brown University Health MSO 15 LaSalle Square Providence RI 02903 050508717 Management Services RI Brown University Health C 0 Brown University Health Risk Services 15 LaSalle Square Providence RI 02903 050459767 Risk Services RI Brown University Health C 0 Brown University Health Home Medical 15 LaSalle Square Providence RI 02903 050472710 DME Sales RI Brown University Health C 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0