AHP FOUNDATION

Endowment funds - the foundation's endowments consist of twenty individual endowment funds. Ten of the individual funds were established with permanent donor restrictions on the corpus, with investment earnings on the funds to be used by the foundation to provide educational scholarships to its members. The other ten individual funds that were established with permanent donor restrictions on the corpuses specified investment earnings could be used by the foundation in its general operations as needed.

Scholarship program - provides financial awards to assist members and non-members in attending various ahp educational seminars and conferences.

Other program services include the pooled income fund. The foundation is the trustee and agent for amounts contributed to its pooled income fund investments (pif). The pif is comprised of irrevocable split-interest agreements in which a donor contributes an amount to the trust and, in exchange, receives a life annuity. Each annuity is based on the total rate of return of the fund each quarter and is allocated based on a pro rata share of units held at the end of each quarter. Upon the donor's death, the trust distributes the funds to the participating healthcare organization that the donor has designated.