1Inspire 2018

Foundation Audited StatementsFiscal Year: April 1, 2013 to March 31, 2014

2 St. Michael’s Foundation

PHILANTHROPY is based on voluntary action for the common good. .It is a tradition of giving and sharing that is primary to the quality of life. To ensure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the not-for-profit organizations and causes they are asked to support, we declare that all donors have these rights:

I.To be informed of the organization’s mission,

of the way the organization intends touse donated resources, and of its capacity to use donations effectively for their intended purposes.

II.To be informed of the identity of those serving

on the organization’s governing board,and to expect the board to exercise prudent judgement

in its stewardship responsibilities.

III.To have access to the organization’s

most recent financial statements.

IV.To be assured their gifts will be used forthe purposes for which they were given.

V.To receive appropriate

acknowledgement and recognition.

VI.To be assured that information about

their donations is handled with respect and withconfidentiality to the extent provided by law.

VII.To expect that all relationships with

individuals representing organizations of interestto the donor will be professional in nature.

VIII.To be informed whether those seeking

donations are volunteers, employees of theorganization or hired solicitors.

IX.To have the opportunity for their

names to be deleted from mailing lists thatan organization may intend to share.

X.To feel free to ask questions when making

a donation and to receive prompt, truthful andforthright answers.

Adopted in 1993 | Copyright AFP (and others) 2013. All Rights Reserved.

D E V E L O P E D B Y

Association of Fundraising Professionals (AFP)Association for Healthcare Philanthropy (AHP)

Council for Advancement and Support of Education (CASE)Giving Institute: Leading Consultants to Non-Profits

E N D O R S E D B Y(information)

Independent SectorNational Catholic Development Conference (NCDC)

National Committee on Planned Giving (NCPG)Council for Resource Development (CRD)

United Way of America

At St. Michael’s Hospital Foundation, we believe you, our donors, have the right to ask for accountability and transparency in all our business dealings. We subscribe to the Donor Bill of Rights developed by the Association of Fundraising Professionals and the Association of Healthcare Philanthropy.

Donor Bill of Rights

3Inspire 2018

4 St. Michael’s Foundation

St. Michael’s Hospital Foundation

Balance SheetaS at MarcH 31, 2014

5Inspire 2018

St. Michael’s Hospital Foundation

Statement of Revenues & Expenses & Changes in Fund BalancesFor tHe year ended MarcH 31, 2014

6 St. Michael’s Foundation

St. Michael’s Hospital Foundation

Statement of Cash FlowsFor tHe year ended MarcH 31, 2014

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St. Michael’s Hospital Foundation

Notes to Financial StatementsMarcH 31, 2014

8 St. Michael’s Foundation

St. Michael’s Hospital Foundation

Notes to Financial StatementsMarcH 31, 2014

9Inspire 2018

St. Michael’s Hospital Foundation

Notes to Financial StatementsMarcH 31, 2014

10 St. Michael’s Foundation

St. Michael’s Hospital Foundation

Notes to Financial StatementsMarcH 31, 2014

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St. Michael’s Hospital Foundation

Notes to Financial StatementsMarcH 31, 2014

12 St. Michael’s Foundation

Foundation Audited Statements