Legal & Financial

MeHAF is a public benefit corporation, which is more commonly known as a “charitable corporation”. The Foundation is tax-exempt under section 501(c)(3) of the Internal Revenue Code. Charitable corporations with $25,000 or more in assets must annually file an exempt organization return with the Internal Revenue Service – IRS Form 990-PF.   MeHAF’s 990-PF  forms are available on Guidestar which is a national database of nonprofit organizations.

The MeHAF Trustees are selected for service on the basis of their widely recognized professional expertise and experience, and deep personal commitment to promoting access and improving health in Maine. Effective operation of the Foundation depends on open and unbiased input that guides the decisions of the Trustees. Members of the Community Advisory Committee, individuals appointed to serve on the Foundation’s Committees, and Foundation staff work collaboratively with the Trustees to promote the Foundation’s mission.
 
Given Maine’s health and human services environment and the fact that many organizations in the state rely on the knowledge and experience of a relatively small group of highly qualified individuals in the health care field, it is inevitable that Trustees will have current or prior affiliations with organizations seeking support from the Foundation.  MeHAF adopted a comprehensive Conflict of Interest Policy to manage conflicts or appearance of conflicts.

Minutes of all Board of Trustee meetings are posted on this website once they have been approved by the Board.