Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
A For the 2014 calendar year, or tax year beginning 10-01-2014 , and ending 09-30-2015
BCheck if applicable:
CName of organization
Partners HealthCare System Inc
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
399 REVOLUTION DRIVE SUITE 645
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Somerville, MA02145
D Employer identification number

04-3230035
E Telephone number

G Gross receipts $ 847,121,743
F Name and address of principal officer:
DAVID F TORCHIANA MD
800 BOYLSTON STREET
BOSTON,MA02199
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
http:www.partners.org
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1993
M State of legal domicile: MA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: Partners HealthCare System, Inc. is committed to serving the community locally and globally and is dedicated to enhancing patient care, teaching and research.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 17
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 13
5 Total number of individuals employed in calendar year 2014 (Part V, line 2a) ...... 5 7,182
6 Total number of volunteers (estimate if necessary) ............. 6  
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 13,807,002
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b  
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 159,546,959 183,067,721
9 Program service revenue (Part VIII, line 2g) ......... 620,406,375 668,849,624
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... -67,117,698 -22,012,219
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 14,799,463 17,216,617
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 727,635,099 847,121,743
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 113,461,073 210,726,810
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 423,903,546 448,744,504
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 164,043 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet1,937,479    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 356,825,200 363,620,404
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 894,353,862 1,023,091,718
19 Revenue less expenses. Subtract line 18 from line 12....... -166,718,763 -175,969,975
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 4,627,097,938 5,019,256,378
21 Total liabilities (Part X, line 26)............. 4,760,892,912 5,390,400,491
22 Net assets or fund balances. Subtract line 21 from line 20..... -133,794,974 -371,144,113
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2014)
Form 990 (2014)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: PARTNERS HEALTHCARE SYSTEM, INC. (PARTNERS) IS COMMITTED TO SERVING THE COMMUNITY AND IS DEDICATED TO ENHANCING PATIENT CARE, TEACHING AND RESEARCH, AND TO TAKING A LEADERSHIP ROLE AS AN INTEGRATED HEALTH CARE SYSTEM. PARTNERS RECOGNIZES THAT INCREASING VALUE AND CONTINUOUSLY IMPROVING QUALITY ARE ESSENTIAL TO MAINTAINING EXCELLENCE.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 362,984,302 including grants of $ 210,726,810 ) (Revenue $ 668,849,624 )
See Schedule O
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet362,984,302
Form 990 (2014)
Form 990 (2014)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C,
Part IIIClick to see attachment............................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment.........................
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E....
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... Click to see attachment
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IVClick to see attachment
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment
16
Yes
 
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) .... Click to see attachment
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III................... Click to see attachment
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2014)
Form 990 (2014)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................ Click to see list of attachments
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I.... Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I................... Click to see attachment
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................ Click to see attachment
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III......... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV .......................... Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV..................... Click to see attachment
28b
Yes
 
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV... Click to see attachment
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M.............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........ Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
36
Yes
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2014)
Form 990 (2014)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V ..............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
5,052
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
7,182
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?.........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2014)
Form 990 (2014)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
17
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
13
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
Yes
 
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
Yes
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
AL , AR , CA , CO , FL , GA , KS , LA , ME , MA , MN , MS , MO , NH , NJ , NY , NC , OH , PA , SC , TX , VT , VA , WI
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletPARTNERS FIN-TAX DIR
399 REVOLUTION DRIVE SUITE 645
Somerville,MA02145 (857) 282-0747
Form 990 (2014)
Form 990 (2014)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) Nesli Basgoz MD........................................................................
Director
 1.0
.......................50.0 		X             288,136 44,011
(2) CHARLES K GIFFORD........................................................................
DIRECTOR
 1.0
.......................1.0 		X           0 0 0
(3) Richard E Holbrook........................................................................
Director
 1.0
.......................1.0 		X           0 0 0
(4) Albert A Holman III........................................................................
Director
 1.0
.......................1.0 		X                
(5) Edward P Lawrence Esq........................................................................
Chairman
 1.0
.......................0.0 		X                
(6) Jay O Light PhD........................................................................
Director
 1.0
.......................0.0 		X                
(7) Joseph Loscalzo MD PhD........................................................................
Director (10/1/14-6/30/15)
 1.0
.......................50.0 		X             683,736 32,205
(8) JIM MANZI........................................................................
Director (10/1/14-6/30/15)
 1.0
.......................0.0 		X                
(9) MAURY E MCGOUGH MD........................................................................
Director
 1.0
.......................50.0 		X             594,205 65,860
(10) CATHY E MINEHAN........................................................................
Director
 1.0
.......................1.0 		X                
(11) SCOTT A SCHOEN........................................................................
Director
 1.0
.......................1.0 		X                
(12) Henri A Termeer........................................................................
Director
 1.0
.......................1.0 		X                
(13) Dorothy A Terrell........................................................................
Director
 1.0
.......................1.0 		X                
(14) Gwill York........................................................................
Director
 1.0
.......................1.0 		X                
(15) LORI W TISHLER MD MPH........................................................................
DIRECTOR (7/1/15-9/30/15)
 1.0
.......................50.0 		X             225,436 54,957
(16) JERROLD F ROSENBAUM MD........................................................................
DIRECTOR (7/1/15-9/30/15)
 1.0
.......................50.0 		X             459,535 54,982
(17) EARL M COLLIER JR........................................................................
Director
 1.0
.......................1.0 		X           0 0 0
Form 990 (2014)
Form 990 (2014)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) ANNE M FINUCANE........................................................................
Director (7/1/15-9/30/15)
 1.0
.......................1.0 		X           0 0 0
(19) Maureen Goggin........................................................................
Secretary
 50.0
.......................0.0 		    X       173,167   35,885
(20) GARY L GOTTLIEB MD MBA........................................................................
PRESIDENT&CEO (10/1/14-3/1/15)
 50.0
.......................1.0 		    X       3,030,724   61,972
(21) PETER K MARKELL........................................................................
Executive VP, CFO & Treasurer
 50.0
.......................1.0 		    X       1,797,253   612,305
(22) DAVID F TORCHIANAMD........................................................................
PRESIDENT&CEO (3/2/15-9/30/15)
 50.0
.......................1.0 		    X         1,254,091 157,106
(23) JOHN R BARKER........................................................................
CHIEF INVESTMENT OFFICER
 50.0
.......................0.0 		      X     2,071,459   43,752
(24) JAMES W NOGA........................................................................
VICE PRESIDENT & CIO
 50.0
.......................0.0 		      X     655,955   368,662
(25) ANNE KLIBANSKI MD........................................................................
CHIEF ACADEMIC OFFICER
 50.0
.......................0.0 		      X       817,380 55,070
(26) GREGG S MEYER MD........................................................................
CHIEF CLINICAL OFFICER
 50.0
.......................0.0 		      X     1,033,695   462,572
(27) DENNIS D COLLING........................................................................
Vice President HUMAN RESOURCES
 50.0
.......................0.0 		        X   702,632   70,292
(28) BRENT L HENRY ESQ........................................................................
GENERAL COUNSEL
 50.0
.......................1.0 		        X   847,307   53,545
(29) MICHAEL S JELLINEK MD........................................................................
CHIEF OF CLINICAL AFFAIRS
 50.0
.......................   		        X   1,120,309   44,170
(30) LYNNE J EICKHOLT........................................................................
CHIEF STRATEGY OFFICER
 50.0
.......................1.0 		        X   892,401   59,562
(31) CHRISTOPHER MARK COBURN........................................................................
VICE PRESIDENT
 50.0
.......................0.0 		        X   856,808   68,594
(32) MARY C LALONDE ESQ........................................................................
FORMER OFFICER
 50.0
.......................0.0 		          X 174,999   45,541
(33) PATRICIA SALAMONE........................................................................
FORMER OFFICER
 50.0
.......................0.0 		          X 103,203   22,424
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 13,459,912 4,322,519 2,413,467
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet1,163
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
ACCENTURE LLP,
PO BOX 70629
CHICAGO,IL60673 		Consulting Services 65,128,418
Turner Construction Co,
855 Boylston Street
BOSTON,MA02114 		Construction Svcs 34,007,422
RANDSTAD,
PO Box 7247-6655
PHILADELPHIA,PA191706655 		Staffing Services 26,908,770
SUFFOLK CONSTRUCTION CO,
99 CONIFER HILL DRIVE
DANVERS,MA606895330 		CONSTRUCTION SVCS 9,349,257
HURON CONSULTING GROUP INC,
3005 MOMENTUM PLACE
CHICAGO,IL606895330 		CONSULTING SERVICES 7,005,477
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet99
Form 990 (2014)
Form 990 (2014)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c 871
d Related organizations...1d 176,298,635
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		6,768,215
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet 183,067,721
Program Service RevenueAmt Business Code
2a ADMINISTRATIVE FEE 561000 668,849,624 668,849,624    
b
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 668,849,624
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 60,263,718   340,204 59,923,514
4 Income from investment of tax-exempt bond proceeds..MediumBullet 12     12
5 Royalties...........MediumBullet 427,031     427,031
(i) Real (ii) Personal
6a Gross rents 1,304,428  
b Less: rental expenses    
c Rental income or (loss) 1,304,428 0
d Net rental income or (loss).......MediumBullet 1,304,428   41,653 1,262,775
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory -82,275,949  
b Less: cost or other basis and sales expenses    
c Gain or (loss) -82,275,949  
d Net gain or (loss)..........MediumBullet -82,275,949   33,737 -82,309,686
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a MANAGEMENT SERVICE 561000 7,132,408   7,132,408  
b CHILD CARE REVENUE 624410 2,043,672     2,043,672
c INTEREST REVENUE 900003 6,259,000   6,259,000  
d All other revenue .... 50,078 50,078    
e Total. Add lines 11a–11d ...... MediumBullet 15,485,158
12 Total revenue. See Instructions......MediumBullet 847,121,743 668,899,702 13,807,002 -18,652,682
Form 990 (2014)
Form 990 (2014)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 210,726,810 210,726,810
2 Grants and other assistance to domestic individuals. See Part IV, line 22 .... 0  
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............ 0  
4 Benefits paid to or for members .... 0  
5 Compensation of current officers, directors, trustees, and key employees .... 11,758,598   11,758,598  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages .... 329,599,772   328,754,849 844,923
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 36,092,273   36,092,273  
9 Other employee benefits ....... 39,976,932   39,725,117 251,815
10 Payroll taxes ........... 31,316,929   31,316,929  
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 5,451,539   5,447,456 4,083
c Accounting ........... 1,578,095   1,578,095  
d Lobbying ........... 1,749,956   1,749,956  
e Professional fundraising services. See Part IV, line 17 0  
f Investment management fees ...... 0      
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) .... 39,145,466   38,817,954 327,512
12 Advertising and promotion .... 1,929,439   1,926,051 3,388
13 Office expenses ....... 11,547,951   11,498,426 49,525
14 Information technology ...... 70,147,295   70,147,295  
15 Royalties .. 0      
16 Occupancy ........... 30,451,679   30,037,938 413,741
17 Travel ............ 3,138,384   3,129,194 9,190
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 528,163   520,025 8,138
20 Interest ........... 132,897,717   132,897,717  
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 54,868,136   54,868,136  
23 Insurance .............. 1,088,169   1,088,169  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a MEALS 2,549,345   2,525,906 23,439
b NON CAPITAL EQUIPMENT 136,138   136,138  
c OTHER RESEARCH EXPENSES 5,305,149   5,305,149  
d SYSTEM DEVELOPMENT FUNDING   151,001,000 -151,001,000  
e All other expenses 1,107,783 1,256,492 -150,434 1,725
25 Total functional expenses. Add lines 1 through 24e 1,023,091,718 362,984,302 658,169,937 1,937,479
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2014)
Form 990 (2014)
Page 11
Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ............. 0 1 0
2 Savings and temporary cash investments ......... 80,221,920 2 109,819,779
3 Pledges and grants receivable, net ........... 8,007,250 3 9,458,376
4 Accounts receivable, net ............. 35,235,348 4 48,039,889
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
0 6 0
7 Notes and loans receivable, net ............. 3,098,318,345 7 3,314,128,196
8 Inventories for sale or use .............. 0 8 0
9 Prepaid expenses and deferred charges .......... 21,280,525 9 12,777,778
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 695,156,149
b Less: accumulated depreciation ..... 10b 145,130,698 398,927,312 10c 550,025,451
11 Investments—publicly traded securities .......... 0 11 0
12 Investments—other securities. See Part IV, line 11 ..... 857,925,841 12 781,707,930
13 Investments—program-related. See Part IV, line 11 ..... 0 13 0
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 127,181,397 15 193,298,979
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 4,627,097,938 16 5,019,256,378
Liabilities 17 Accounts payable and accrued expenses ......... 836,682,439 17 1,000,478,705
18 Grants payable ................. 0 18 0
19 Deferred revenue ................ 0 19 0
20 Tax-exempt bond liabilities ............. 2,877,459,064 20 3,035,744,542
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 0 23 0
24 Unsecured notes and loans payable to unrelated third parties .... 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 1,046,751,409 25 1,354,177,244
26 Total liabilities. Add lines 17 through 25......... 4,760,892,912 26 5,390,400,491
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. -145,409,687 27 -385,521,288
28 Temporarily restricted net assets ........... 10,464,713 28 8,389,298
29 Permanently restricted net assets ........... 1,150,000 29 5,987,877
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... -133,794,974 33 -371,144,113
34 Total liabilities and net assets/fund balances ........ 4,627,097,938 34 5,019,256,378
Form 990 (2014)
Form 990 (2014)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
847,121,743
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
1,023,091,718
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-175,969,975
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
-133,794,974
5
Net unrealized gains (losses) on investments ...............
5
13,990
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-61,393,154
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
-371,144,113
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? .................
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2014)
Form 990 (2014)
Page 13
Form 990, Special Condition Description:
Special Condition Description
Form 990 (2014)
Form 990 (2014)
Page 14
Additional Data


Software ID:  
Software Version:  
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number

04-3230035
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
a
b
c
d
e
f
Enter the number of supported organizations .............................  
g
Provide the following information about the supported organization(s).
(i)Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total    

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 222,666,904 197,858,081 295,077,034 159,546,959 183,067,721 1,058,216,699
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......           0
3 The value of services or facilities furnished by a governmental unit to the organization without charge..           0
4 Total. Add lines 1 through 3 222,666,904 197,858,081 295,077,034 159,546,959 183,067,721 1,058,216,699
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. 0
6 Public support. Subtract line 5 from line 4. 1,058,216,699
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
7 Amounts from line 4.. 222,666,904 197,858,081 295,077,034 159,546,959 183,067,721 1,058,216,699
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 19,377,376 19,902,859 20,177,295 14,350,212 61,995,189 135,802,931
9 Net income from unrelated business activities, whether or not the business is regularly carried on..         324,178 324,178
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..           0
11 Total support Add lines 7 through 10. 1,194,343,808
12
12
2,267,890,579
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
88.602 %
15
15
92.430 %
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support (Subtract line 7c from line 6.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2010 (b) 2011 (c) 2012 (d) 2013 (e) 2014 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 5
Part IV
Supporting Organizations (continued)

Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 6
Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1.   Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    

Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors (explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by .035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    

Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7   Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)
Schedule A (Form 990 or 990-EZ) 2014
Schedule A (Form 990 or 990-EZ) 2014
Page 7
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity		  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations  
4 Amounts paid to acquire exempt-use assets  
5 Qualified set-aside amounts (prior IRS approval required)  
6 Other distributions (describe in Part VI). See instructions  
7Total annual distributions. Add lines 1 through 6.  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions		  
9 Distributable amount for 2014 from Section C, line 6  
10 Line 8 amount divided by Line 9 amount  

Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2014 		(iii)
Distributable
Amount for 2014
1 Distributable amount for 2014 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2014
(reasonable cause required--see instructions)		  
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2014 distributable amount  
i Carryover from 2009 not applied (see
instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2014 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2014 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2014, if any. Subtract lines 3g and 4a from line 2
(if amount greater than zero, see instructions)		  
6 Remaining underdistributions for 2014. Subtract
lines 3h and 4b from line 1 (if amount greater than
zero, see instructions)		  
7 Excess distributions carryover to 2015. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......  
e From 2014.......  
Schedule A (Form 990 or 990-EZ) (2014)
Schedule A (Form 990 or 990-EZ) 2014
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A (Form 990 or 990-EZ) 2014

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Name of the organization
Partners HealthCare System Inc
 
Employer identification number

04-3230035
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 2
Name of organization
Partners HealthCare System Inc
  		Employer identification number

04-3230035
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
 
 

   
 
 
  ,    

$RESTRICTED


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 3
Name of organization
Partners HealthCare System Inc
  		Employer identification number

04-3230035
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
Page 4
Name of organization
Partners HealthCare System Inc
  		Employer identification number

04-3230035
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd Bullet Information about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
If the organization answered "Yes" to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" to Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
Partners HealthCare System Inc
 
Employer identification number

04-3230035
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2014

Schedule C (Form 990 or 990-EZ) 2014
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2014


Schedule C (Form 990 or 990-EZ) 2014
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
Yes
 
c
Media advertisements? ....................................
 
No
 
d
Mailings to members, legislators, or the public? .........................
Yes
 
 
e
Publications, or published or broadcast statements? .......................
 
No
 
f
Grants to other organizations for lobbying purposes? .......................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
Yes
 
1,749,956
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? ..........................
 
No
 
j
Total. Add lines 1c through 1i ...............................
1,749,956
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ............................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
Lobbying Expenses The Corporation may on occasion contact its employees with a voluntary opportunity to participate in the conversation to protect against cuts in Federal funding that would have an adverse impact on the Corporation and its Affiliates as well as the pace of medical advances, the economy, and the global competitiveness of the Corporation. The Corporation may on occasion review proposed legislation for the purpose of determining the effect upon its tax-exempt purposes. The Corporation may on occasion also appear before a legislative committee, confer with legislators or otherwise attempt to influence legislation. However, it will not participate, in any way, in political campaigns. The Corporation's involvement in legislative activities constitutes an insubstantial part of its activities.
Schedule C (Form 990 or 990EZ) 2014

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number

04-3230035
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 6,562,989 6,069,859 5,609,796 5,162,396 5,110,800
b Contributions ........ 5,072,977 216,931 199,812 189,373 171,858
c Net investment earnings, gains, and losses -260,929 542,631 507,611 447,400 51,596
d Grants or scholarships .....          
e Other expenditures for facilities
and programs ........ 		286,548 266,432 247,360 189,373 171,858
f Administrative expenses ....          
g End of year balance ...... 11,088,489 6,562,989 6,069,859 5,609,796 5,162,396
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ................. 17,857,811 22,103,914 39,961,724
b Buildings ................ 29,092,835 96,743,126 16,541,850 109,294,111
c Leasehold improvements ............   30,176,961 19,408,650 10,768,312
d Equipment ................   268,846,973 109,180,199 159,666,774
e Other .................   230,334,530 0 230,334,530
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 550,025,451
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) INVESTED CASH EQUIVALENTS 		75,646,073 F

(B) EQUITIES 		9,187,506 F

(C) U.S. GOV'T & FIXED INCOME SEC. 		10,446,367 F

(D) PRIVATE PARTNERSHIPS & OTHER 		44,503,699 C

(E) INV IN PARTNERS POOLED INV ACC 		641,924,285 F




Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 781,707,930
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes 0
SETTLEMENTS - THIRD PARTY PAYORS 704,821
TAXABLE BONDS, SERIES C & SERI 1,353,472,423







Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 1,354,177,244
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
Intended Use of Endowment Funds The endowment funds of Partners HealthCare System, Inc. are used in furtherance of the organization's tax-exempt mission.
FIN 48 Footnote Partners HealthCare System, Inc. does not have a FIN 48 Footnote disclosure in the consolidated audited financial statements.
Schedule D (Form 990) 2014

Additional Data


Software ID:  
Software Version:  




SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990.Right pointing arrow large image Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number

04-3230035
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants
and other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria
used to award the grants or assistance? ...........................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total expenditures
for and investments
in region
Central America and the Caribbean 0 0 Program Services Jointly Owned For. Ins 657,959
East Asia and the Pacific 0 0 Program Services Pat. Care, Res. & Educ 339,305
Europe (Including Iceland and Greenland) 0 0 Program Services Pat. Care, Res. & Educ 791,210
Middle East and North Africa 0 6 Program Services Pat. Care, Res. & Educ 959,576
North America 0 0 Program Services Pat. Care, Res. & Educ 674,106
South Asia 0 0 Program Services Pat. Care, Res. & Educ 812,915
Sub-Saharan Africa 0 1 Program Services Pat. Care, Res. & Educ  
           
           
           
           
           
           
           
           
           
           
3a Sub-total ..... 0 7 4,235,071
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b) 0 7 4,235,071
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (a)(c) Region (b)(d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter ....MediumBullet
 
3
Enter total number of other organizations or entities .......................MediumBullet
 
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes,"the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926)......................................
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; do not file with Form 990)............................
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621)...............................................
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships. (see Instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see Instructions for Form 5713; do not file with Form 990).....................................
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
ReturnReference Explanation
Accounting method The organization uses the book value method to report foreign expenditures to be consistent with the reporting used for the financial statements.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2014
Additional Data


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Software Version:  



SCHEDULE G (Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrowAttach to Form 990 or Form 990-EZ.
right arrowInformation about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number

04-3230035
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17. Form 990-EZ
filers are not required to complete this part.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
PGCalc FUNDRAISING STRATEGY   No 0 0 0
The Wayland Group FUNDRAISING STRATEGY   No 0 0 0
Maura Callahan GROUP LLC Fundraising Strategy   No 0 0 0
             
             
             
             
             
             
             
Total .................right arrow 0 0 0
3
List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.
For Paperwork Reduction Act Notice, see the Instructions for Form 990or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2014
Schedule G (Form 990 or 990-EZ) 2014
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.
(a) Event #1

 
(event type) 		(b) Event #2

 
(event type) 		(c) Other events

 
(total number) 		(d) Total events
(add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . .        
2 Less: Contributions . .        
3 Gross income (line 1
minus line 2) . . . 		       
VerticalDirectExpenses 4 Cash prizes . . .        
5 Noncash prizes . .        
6 Rent/facility costs . .        
7 Food and beverages .        
8 Entertainment . . .        
9 Other direct expenses .        
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow  
11 Net income summary. Subtract line 10 from line 3, column (d)........... right arrow  
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
%
%
%
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Subtract line 7 from line 1, column (d) ......... right arrow  
9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct gaming activities in each of these states? ............
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," explain:
 
Schedule G (Form 990 or 990-EZ) 2014
Schedule G (Form 990 or 990-EZ) 2014
Page 3
11
Does the organization conduct gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ..........................
13
Indicate the percentage of gaming activities conducted in:
a
The organization's facility ......................
13a
%
b
An outside facility ........................
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $  
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v), and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information (see instructions).
Return Reference Explanation
Schedule G (Form 990 or 990-EZ) 2014
Additional Data


Software ID:  
Software Version:  
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number
04-3230035
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) CAMP HARBOR VIEW FOUNDATION
200 CLARENDON STREET 60TH FLOOR
BOSTON,MA02119 		75-3235491 501(C)(3) 1,200,000       Community Benefit Program
(2) LYNN COMMUNITY HEALTH CENTER
PO BOX 526
LYNN,MA01903 		04-2525066 501(c)(3) 872,778       Community Benefit Program
(3) MASS LEAGUE OF COMMUNITY HEALTH CENTERS
40 COURT STREET 10TH FLOOR
Boston,MA01903 		04-2507409 501(c)(3) 1,449,737       Community Benefit Program
(4) UPHAMS CORNER HEALTH CENTER
500 COLUMBIA ROAD
DORCHESTER,MA02125 		04-2708670 501(c)(3) 225,000       Community Benefit Program
(5) INSTITUTE FOR COMMUNITY HEALTH
163 GORE STREET
CAMBRIDGE,MA02141 		04-3543853 501(c)(3) 25,000       Community Benefit Program
(6) HEALTHCARE FOR ALL
30 WINTER STREET 10TH FLOOR
Boston,MA02108 		04-3071598 501(c)(3) 208,500       Community Benefits Program
(7) BOSTON HEALTHCARE FOR THE HOMELESS PROGRAM
780 ALBANY STREET
Boston,MA02118 		04-3160480 501(c)(3) 210,850       Community Benefits Program
(8) MATTAPAN COMMUNITY HEALTH CENTER
1575 BLUE HILL AVENUE
MATTAPAN,MA02126 		04-2544151 501(c)(3) 197,500       Community Benefit Program
(9) NORTH SHORE COMMUNITY HEALTH INC
27 CONGRESS STREET SUITE 504
SALEM,MA01970 		04-2610447 501(c)(3) 37,000       Community Benefit Program
(10) HEALTH LEADS INC
2 OLIVER STREET 10TH FLOOR
Boston,MA02109 		45-0484533 501(c)(3) 25,000       Community Benefit Program
(11) SOUTH BOSTON COMMUNITY HEALTH CENTER
409 WEST BROADWAY
SOUTH BOSTON,MA02127 		04-2682152 501(c)(3) 55,000       Community Benefit Program
(12) THE MASSACHUSETTS GENERAL HOSPITAL
205 PORTLAND STREET 6TH FLOOR
BOSTON,MA02114 		04-1564655 501(c)(3) 41,666       To Support Its Tax Exempt Affiliates
(13) BOSTON CENTER FOR INDEPENDENT LIVING
60 TEMPLE PLACE 5TH FLOOR
Boston,MA02111 		04-2546595 501(c)(3) 12,500       Community Benefit Program
(14) MASSACHUSETTS PUBLIC HEALTH ASSOCIATION
101 TREMONT STREET SUITE 1011
Boston,MA02108 		04-2326503 501(c)(3) 15,000       Community Benefit Program
(15) PROJECT BREAD
145 BORDER STREET
EAST BOSTON,MA02128 		04-2931195 501(c)(3) 35,000       Community Benefit Program
(16) BIG BROTHER BIG SISTER
75 FEDERAL STREET 8TH FLOOR
Boston,MA02110 		04-2074462 501(c)(3) 6,000       Community Benefit Program
(17) COMMUNITY WORKS
25 WEST STEET
BOSTON,MA02111 		04-2762623 501(c)(3) 31,000       Community Benefit Program
(18) HEALTH LAW ADVOCATES
30 WINTER STREET SUITE 1004
Boston,MA02108 		04-3298116 501(c)(3) 30,000       Community Benefit Program
(19) EAST BOSTON NEIGHBORHOOD HEALTH CENTER
10 GOVE STREET
EAST BOSTON,MA02128 		23-7425849 501(c)(3) 25,000       Community Benefits Program
(20) WHITTIER STREET HEALTH CENTER
1290 TREMONT STREET
ROXBURY,MA02120 		04-2619517 501(c)(3) 10,000       Community Benefits Program
(21) AMERICAN HEART ASSOCIATION
7272 GREENVILLE AVENUE
DALLAS,TX75231 		13-5613797 501(c)(3) 20,000       Community Benefits Program
(22) CHARLESTOWN RECOVERY HOUSE
PO BOX 290175
CHARLESTOWN,MA02129 		04-3505037 501(c)(11) 25,000       Community Benefits Program
(23) GREATER BOSTON CHAMBER OF COMMERCE
265 FRANKLIN STREET 12TH FLOOR
BOSTON,MA02110 		04-1103090 501(c)(3) 25,000       Community Benefits Program
(24) INNER-CITY SCHOLARSHIP FUND
260 FRANKLIN STREET SUITE 630
Boston,MA02110 		22-2485502 501(c)(3) 10,000       Community Benefits Program
(25) BIG SISTER ASSOCIATION
161 MASSACHUSETTS AVENUE
BOSTON,MA02115 		04-2150651 501(c)(3) 15,000       Community Benefits Program
(26) THE BOSTON FOUNDATION
75 ARLINGTON STREET 10TH FLOOR
BOSTON,MA02116 		04-2104021 501(c)(3) 10,000       Community Benefits Program
(27) MASSACHUSETTS ASSOCIATION FOR MENTAL HEALTH
130 BOWDOIN STREET SUITE 309
BOSTON,MA02108 		04-2104711 501(c)(3) 25,000       Community Benefits Program
(28) ABCD
178 TREMONT STREET 2ND FLOOR
BOSTON,MA02111 		04-2304133 501(c)(3) 20,000       Community Benefits Program
(29) DIMOCK CHC
55 DIMOCK STREET
ROXBURY,MA02119 		04-3487835 501(c)(3) 30,000       Community Benefits Program
(30) NEW ENGLAND HEALTHCARE INSTITUTE
ONE BROADWAY 15TH FLOOR
CAMBRIDGE,MA02142 		01-0624865 501(c)(3) 15,000       Community Benefits Program
(31) THE NEW ENGLAND COUNCIL
98 NORTH WASHINGTON STREET SUITE 2
BOSTON,MA02114 		04-1661090 501(c)(3) 37,279       Community Benefits Program
(32) MASSACHUSETTS BUSINESS ALLIANCE FOR EDUCATION
400 ATLANTIC AVENUE
BOSTON,MA02110 		04-3274599 501(c)(1) 10,000       Community Benefits Program
(33) NAMI MA
400 WEST CUMMINGS PARK SUITE 6650
WOBURN,MA01801 		04-2777012 501(c)(3) 10,000       Community Benefits Program
(34) VICTORY PROGRAMS
965 MASSACHUSETTS AVENUE
BOSTON,MA02118 		04-2575322 501(c)(3) 10,000       Community Benefits Program
(35) PARTNERS CONTINUING CARE
800 BOYLSTON STREET
BOSTON,MA02199 		26-0003495 501(c)(3) 40,449,186       TO SUPPORT ITS TAX EXEMPT AFFILIATES
(36) SPAULDING REHABILITATION HOSPITAL
300 FIRST AVENUE
CHARLESTOWN,MA02129 		04-2551124 501(c)(3) 746,978       To Support its Tax Exempt Affiliates
(37) REHABILITATION HOSPITAL OF THE CAPE AND ISLANDS
311 SERVICE ROAD
EAST SANDWICH,MA02537 		04-3071419 501(c)(3) 178,620       To Support Its Tax Exempt Affiliates
(38) PARTNERS HOME CARE
281 WINTER STREET
WALTHAM,MA02451 		04-2918280 501(c)(3) 2,217,336       To Support Its Tax Exempt Affiliates
(39) SPAULDING HOSPITAL CAMBRIDGE
1575 CAMBRIDGE STREET
CAMBRIDGE,MA02138 		27-0273715 501(c)(3) 397,904       TO SUPPORT ITS TAX EXEMPT AFFILIATES
(40) SHAUNESSEY-KAPLAN REHABILITATION HOSPITAL
DOVE AVENUE
SALEM,MA01970 		04-3067082 501(C)(3) 250,068       TO SUPPORT ITS TAX EXEMPT AFFILIATES
(41) FRC INC
300 FIRST AVENUE
CHARLESTOWN,MA02129 		22-2632121 501(C)(3) 178,620       TO SUPPORT ITS TAX EXEMPT AFFILIATES
(42) NEIGHBORHOOD HEALTH PLAN
253 SUMMER STREET
BOSTON,MA02210 		04-2932021 501(C)(4) 122,100,000       TO SUPPORT ITS TAX EXEMPT
(43) BOSTON SYMPHONY ORCHESTRA
301 MASSACHUSETTS AVENUE
Boston,MA02115 		04-2103550 501(C)(3) 5,500       TO SUPPORT ITS TAX EXEMPT
(44) CURE
223 WEST ERIE STREET SUITE 25W
CHICAGO,IL60654 		36-4253176 501(C)(3) 25,000       TO SUPPORT ITS TAX EXEMPT AFFILIATES
(45) EDWARD M KENNEDY INSTITUTE FOR THE UNITED STATES
400 ATLANTIC AVENUE
BOSTON,MA02125 		27-0963869 501(C)(3) 50,000       TO SUPPORT ITS TAX EXEMPT
(46) FRIENDSHIP WORKS
105 CHAUNCY STREET
BOSTON,MA02111 		04-3140541 501(C)(3) 10,000       TO SUPPORT ITS TAX EXEMPT AFFILIATES
(47) HUMAN RIGHTS CAMPAIGN
1640 RHODE ISLAND AVENUE NW
WASHINGTON,DC20036 		52-1481896 501(C)(3) 10,000       TO SUPPORT ITS TAX EXEMPT
(48) JOHN F KENNEDY LIBRARY FOUNDATION
COLUMBIA POINT
BOSTON,MA02125 		04-6113130 501(C)(3) 17,500       TO SUPPORT ITS TAX EXEMPT
(49) JVS
29 WINTER STREET 5TH FLOOR
BOSTON,MA02108 		04-2104357 501(C)(3) 33,500       COMMUNITY BENEFIT PROGRAM
(50) MASS INSIGHT
18 TREMONT STREET SUITE 1010
BOSTON,MA02108 		04-3369687 501(C)(3) 10,000       COMMUNITY BENEFIT PROGRAM
(51) MASSACHUSETTS BUDGET AND POLICY CENTER
15 COURT SQUARE
BOSTON,MA02108 		04-2967537 501(C)(3) 15,000       COMMUNITY BENEFIT PROGRAM
(52) MHLA- THE KENNEDY FORUM
399 Revolution Drive
Somerville,MA02145 		46-5714524 501(C)(3) 100,000       COMMUNITY BENEFIT PROGRAM
(53) NATIONAL ASSOCIATION FO CORPORATE DIRECTORS
10 BACK BAY RIVER ROAD
AMESBURY,MA01913 		04-3370584 501(C)(3) 15,000       COMMUNITY BENEFIT PROGRAM
(54) REG CTR FOR POISION CONTROL & PREV
300 LONGWOOD AVE
BOSTON,MA02115 		04-2774441 501(C)(3) 8,400       COMMUNITY BENEFIT PROGRAM
(55) ROSLINDALE VILLAGE MAIN STREETS
2A CORINTH STREET
ROSLINDALE,MA02131 		04-2883378 501(C)(3) 10,000       COMMUNITY BENEFIT PROGRAM
(56) ROXBURY PRESBYTERIAN CHURCH
328 WARREN STREET
ROXBURY,MA02119 		04-3506648 501(C)(3) 10,000       COMMUNITY BENEFIT PROGRAM
(57) THE AMERICAN IRELAND FUND
211 CONGRESS STREET
BOSTON,MA02110 		25-1306992 501(C)(3) 10,000       COMMUNITY BENEFIT PROGRAM
(58) THE BOSTON FOUNDATION
75 ARLINGTON STREET 10TH FLOOR
Boston,MA02116 		04-2104021 501(C)(3) 19,167       COMMUNITY BENEFIT PROGRAM
(59) THE FOUNDATION FOR BOSTON CENTERS FOR YOUTH AND FA
1483 Tremont St
Boston,MA02120 		04-2602576 501(C)(3) 10,000       COMMUNITY BENEFIT PROGRAM
(60) UMASS FINE ARTS CENTER
151 PRESIDENTS DR
BOSTON,MA01003 		54-2084125 503(C)(3) 15,500       COMMUNITY BENEFIT PROGRAM
(61) WOMEN OF MEANSINC
148 LINDEN STREET SUITE 208
WELLESLEY,MA02482 		04-3487205 501(C)(3) 6,000       COMMUNITY BENEFIT PROGRAM
(62) THE GENERAL HOSPITAL CORPORATION
55 FRUIT STREET
BOSTON,MA02114 		04-2697983 501(C)(3) 5,240,981       TO SUPPORT ITS TAX EXEMPT AFFILIATES
(63) THE MCLEAN HOSPITAL CORPORATION
115 MILL STREET
BELMONT,MA02478 		04-2697981 501(C)(3) 161,534       TO SUPPORT ITS TAX EXEMPT AFFILIATES
(64) MCLEAN HEALCARE INC
115 MILL STREET
BELMONT,MA02478 		20-4572876 501(C)(3) 25,000,000       TO SUPPORT ITS TAX EXEMPT AFFILIATES
(65) BRIGHAM AND WOMEN'S FAULKNER HOSPITAL
1153 CENTRE STREET
BOSTON,MA02130 		04-2768256 501(C)(3) 125,000       TO SUPPORT ITS TAX EXEMPT AFFILIATES
(66) HARVARD MEDICAL SCHOOL
25 SHATTUCK STREET
BOSTON,MA02115 		04-2103580 501(C)(3) 8,174,312       COMMUNITY BENEFIT PROGRAM
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
 
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2014

Schedule I (Form 990) 2014
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance












Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
Schedule I, Part I, Line 2 Partners HealthCare System, Inc. makes donations to various tax-exempt organiYations. These donations can be used by the recipient only in furtherance of their tax-exempt mission.
Schedule I (Form 990) 2014


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number

04-3230035
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column(B) reported as deferred in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1Nesli Basgoz MDDirector (i)
(ii)		  
...............................
238,651 		 
...............................
7,040 		 
...............................
42,445 		 
...............................
35,753 		 
...............................
8,258 		 
...............................
332,147 		 
...............................
0
2Joseph Loscalzo MD PhDDirector (10/1/14-6/30/15) (i)
(ii)		  
...............................
586,663 		 
...............................
74,709 		 
...............................
22,364 		 
...............................
1,938 		 
...............................
30,267 		 
...............................
715,941 		 
...............................
0
3MAURY E MCGOUGH MDDirector (i)
(ii)		  
...............................
429,410 		 
...............................
107,196 		 
...............................
57,599 		 
...............................
38,260 		 
...............................
27,600 		 
...............................
660,065 		 
...............................
0
4Maureen GogginSecretary (i)
(ii)		 154,046
...............................
  		0
...............................
  		19,121
...............................
  		15,882
...............................
  		20,003
...............................
  		209,052
...............................
  		0
...............................
 
5GARY L GOTTLIEB MD MBAPRESIDENT&CEO (10/1/14-3/1/15) (i)
(ii)		 1,877,616
...............................
  		93,600
...............................
  		1,059,508
...............................
  		35,750
...............................
  		26,222
...............................
  		3,092,696
...............................
  		0
...............................
 
6PETER K MARKELLExecutive VP, CFO & Treasurer (i)
(ii)		 1,233,502
...............................
  		62,700
...............................
  		501,051
...............................
  		585,752
...............................
  		26,553
...............................
  		2,409,558
...............................
  		0
...............................
 
7JOHN R BARKERCHIEF INVESTMENT OFFICER (i)
(ii)		 530,056
...............................
  		1,479,113
...............................
  		62,290
...............................
  		35,751
...............................
  		8,001
...............................
  		2,115,211
...............................
  		0
...............................
 
8JAMES W NOGAVICE PRESIDENT & CIO (i)
(ii)		 563,750
...............................
  		30,000
...............................
  		62,205
...............................
  		333,545
...............................
  		35,117
...............................
  		1,024,617
...............................
  		0
...............................
 
9DENNIS D COLLINGVice President HUMAN RESOURCES (i)
(ii)		 485,032
...............................
  		26,214
...............................
  		191,386
...............................
  		35,752
...............................
  		34,540
...............................
  		772,924
...............................
  		0
...............................
 
10BRENT L HENRY ESQGENERAL COUNSEL (i)
(ii)		 678,320
...............................
  		35,700
...............................
  		133,287
...............................
  		35,750
...............................
  		17,795
...............................
  		900,852
...............................
  		0
...............................
 
11MICHAEL S JELLINEK MDCHIEF OF CLINICAL AFFAIRS (i)
(ii)		 221,751
...............................
  		0
...............................
  		898,558
...............................
  		33,111
...............................
  		11,059
...............................
  		1,164,479
...............................
  		0
...............................
 
12ANNE KLIBANSKI MDCHIEF ACADEMIC OFFICER (i)
(ii)		  
...............................
661,212 		 
...............................
47,871 		 
...............................
108,297 		 
...............................
35,753 		 
...............................
19,317 		 
...............................
872,450 		 
...............................
0
13MARY C LALONDE ESQFORMER OFFICER (i)
(ii)		 147,461
...............................
  		10,000
...............................
  		17,538
...............................
  		16,688
...............................
  		28,853
...............................
  		220,540
...............................
  		0
...............................
 
14PATRICIA SALAMONEFORMER OFFICER (i)
(ii)		 81,436
...............................
  		1,000
...............................
  		20,767
...............................
  		11,488
...............................
  		10,936
...............................
  		125,627
...............................
  		0
...............................
 
15DAVID F TORCHIANAMDPRESIDENT&CEO (3/2/15-9/30/15) (i)
(ii)		  
...............................
1,018,250 		 
...............................
75,975 		 
...............................
159,866 		 
...............................
127,751 		 
...............................
29,355 		 
...............................
1,411,197 		 
...............................
0
16LORI W TISHLER MD MPHDIRECTOR (7/1/15-9/30/15) (i)
(ii)		  
...............................
185,232 		 
...............................
14,701 		 
...............................
25,503 		 
...............................
31,100 		 
...............................
23,857 		 
...............................
280,393 		 
...............................
0
17GREGG S MEYER MDCHIEF CLINICAL OFFICER (i)
(ii)		 915,501
...............................
  		47,500
...............................
  		70,694
...............................
  		423,158
...............................
  		39,414
...............................
  		1,496,267
...............................
  		0
...............................
 
18JERROLD F ROSENBAUM MDDIRECTOR (7/1/15-9/30/15) (i)
(ii)		  
...............................
371,651 		 
...............................
50,224 		 
...............................
37,660 		 
...............................
35,755 		 
...............................
19,227 		 
...............................
514,517 		 
...............................
0
19LYNNE J EICKHOLTCHIEF STRATEGY OFFICER (i)
(ii)		 483,552
...............................
  		26,210
...............................
  		382,639
...............................
  		35,751
...............................
  		23,811
...............................
  		951,963
...............................
  		0
...............................
 
20CHRISTOPHER MARK COBURNVICE PRESIDENT (i)
(ii)		 574,625
...............................
  		187,500
...............................
  		94,683
...............................
  		35,750
...............................
  		32,844
...............................
  		925,402
...............................
  		0
...............................
 
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Return Reference Explanation
Participation in a Supplemental Nonqualified Retirement Plan These amounts are already included in the compensation disclosed on Schedule J, Part II Gary L. Gottlieb, M.D. M.B.A - $965,343 Peter K. Markell - $436,575 Dennis D. Colling - $106,207 Brent L. Henry, Esq. - $55,533 Michael S. Jellinek, M.D. - $113,991 DAVID F. TORCHIANA, M.D. - $67,528 JAMES W. NOGA - $298,430 GREGG S. MEYER, M.D. - $387,407
Trustee Compensation Trustees receive no compensation or contributions to employee benefit plans for service on the Board or its Committees. Board members who are also employed by the Corporation or a Partners affiliate receive compensation only for their services as employees.
PAYMENT OR REIMBURSEMENT OF EXPENSES HEALTH OR SOCIAL CLUB DUES OR INITITATION FEES WERE PROVIDED TO AN OFFICER. THIS PAYMENT WAS MADE PURSUANT TO A WRITTEN POLICY AND WAS TREATED AS TAXABLE COMPENSATION. TRAVEL FOR COMPANIONS WAS PROVIDED TO AN OFFICER LISTED ON FORM 990, PART VII AS THE COMPANIONS ATTENDANCE WAS REQUIRED TO FULFILL A BONA FIDE BUSINESS PURPOSE. THESE PAYMENTS WERE PROVIDED PURSUANT TO A WRITTEN POLICY AND WERE TREATED AS NON-TAXABLE BUSINESS EXPENSES. SEVERANCE PAY INCLUDED IN COMPENSATION DISCLOSED ON SCHEDULE J PART II. MICHAEL S. JELLINEK, M.D. - $730,500
Schedule J (Form 990) 2014

Additional Data


Software ID:  
Software Version:  
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number
04-3230035
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer 		(i) Pool
financing
Yes No Yes No Yes No
A MHEFA Partners HealthCare System Inc Series D
  		04-2456011 57585K3N6 05-28-2003 343,630,000 SERIES D - SEE SCHEDULE K PART VI            
B MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES F
  		04-2456011 57586CGW9 06-10-2005 411,566,153 SERIES F - SEE SCHEDULE K PART VI            
C MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES G-5
  		04-2456011 57586CZL2 06-07-2007 326,508,722 SERIES G5 - SEE SCHEDULE K PART VI            
D MHEFA PARTNERS HEALTHCARE SER G-1G-2G-3G-4G-6
  		04-2456011 57586CZW8 06-07-2007 380,000,000 SERIES G - SEE SCHEDULE K PART VI            
MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES H
  		04-2456011 57586CW27 04-01-2008 171,320,000 SERIES H - SEE SCHEDULE K PART VI            
MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES I
  		04-2456011 57586EHR5 05-14-2009 229,977,036 SERIES I - SEE SCHEDULE K PART VI            
MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES J
  		04-2456011 57586ENK3 01-05-2010 509,178,736 SERIES J - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM INC SERIES K
  		04-3431814 57583R6W0 01-13-2011 436,019,104 SERIES K - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM INC SERIES L
  		04-3431814 57583UMV7 01-04-2012 353,501,227 SERIES L - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM INC SERIES M
  		04-3431814 57583UG77 01-30-2014 510,376,675 SERIES M - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM SERIES N-1 AND N-2
  		04-3431814   08-27-2014 141,350,000 SERIES N - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM SERIES N-1 AND N-2
  		04-3431814 57583UW20 01-29-2015 657,583,529 SERIES O - SEE SCHEDULE K PART VI            
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . . 341,690,000 162,025,000 50,635,000 225,000,000
2 Amount of bonds legally defeased . . . . . . . . . . . 0 0 107,910,000 0
3 Total proceeds of issue . . . . . . . . . . . . . . 344,268,619 419,448,101 329,345,063 386,190,828
4 Gross proceeds in reserve funds . . . . . . . . . . . . 0 0 0 0
5 Capitalized interest from proceeds . . . . . . . . . . . 15,436,586 18,398,432 9,382,534 20,479,076
6 Proceeds in refunding escrows . . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . . 2,026,416 2,671,595 2,338,149 2,776,551
8 Credit enhancement from proceeds . . . . . . . . . . . 0 2,650,000 0 4,696,147
9 Working capital expenditures from proceeds . . . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . . 249,756,929 326,493,380 164,128,012 358,239,054
11 Other spent proceeds . . . . . . . . . . . . . . 77,048,688 69,234,694 153,496,396 0
12 Other unspent proceeds . . . . . . . . . . . . . . 0 0 0 0
13 Year of substantial completion . . . . . . . . . . . . 2005 2007 2009 2009
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . . X   X   X     X
15 Were the bonds issued as part of an advance refunding issue? . . . . .   X   X X     X
16 Has the final allocation of proceeds been made? . . . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X   X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . .   X   X   X   X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?                
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X   X   X   X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0 % 0 % 0 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0 % 0 % 0 % 0 %
6 Total of lines 4 and 5 . . . . . . . . . . . . . 0 % 0 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? . . . . .   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. 0 % 0 % 0 % 0 %
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .   X   X   X   X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? . . . . . . . 		X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? . .   X   X   X   X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X   X   X   X
b Exception to rebate? . . . . . . . .   X X   X   X  
c No rebate due? . . . . . . . . X   X   X   X  
If "Yes" to line 2c, provide in Part VI the date the rebate
computation was performed . . . . . .
3 Is the bond issue a variable rate issue? . . . . X   X     X X  
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue? X   X     X X  
b Name of provider . . . . . . . . . BEARSTEARNS CAP MARK
  		BEARSTEARNS CAPMARKE
  		0
  		 
 
c Term of hedge . . . . . . . . . . 32.2 35. 35. 35.
d Was the hedge superintegrated? . . . .   X   X   X   X
e Was the hedge terminated? . . . . . .   X   X   X   X
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . . X   X   X   X  
b Name of provider . . . . . . . . . TRINITY PLUS
  		XL ASSET FUNDING CO
  		CITIGROUP FINANCIAL
  		CITIGROUP FINANCIAL
 
c Term of GIC . . . . . . . . . . 2.4 1.8 1.7 1.7
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . X   X   X   X  
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
PART VI - SEE FEDERAL FOOTNOTES  
Schedule K (Form 990) 2014

Additional Data


Software ID:  
Software Version:  

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number
04-3230035
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer 		(i) Pool
financing
Yes No Yes No Yes No
A MHEFA Partners HealthCare System Inc Series D
  		04-2456011 57585K3N6 05-28-2003 343,630,000 SERIES D - SEE SCHEDULE K PART VI            
B MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES F
  		04-2456011 57586CGW9 06-10-2005 411,566,153 SERIES F - SEE SCHEDULE K PART VI            
C MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES G-5
  		04-2456011 57586CZL2 06-07-2007 326,508,722 SERIES G5 - SEE SCHEDULE K PART VI            
D MHEFA PARTNERS HEALTHCARE SER G-1G-2G-3G-4G-6
  		04-2456011 57586CZW8 06-07-2007 380,000,000 SERIES G - SEE SCHEDULE K PART VI            
MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES H
  		04-2456011 57586CW27 04-01-2008 171,320,000 SERIES H - SEE SCHEDULE K PART VI            
MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES I
  		04-2456011 57586EHR5 05-14-2009 229,977,036 SERIES I - SEE SCHEDULE K PART VI            
MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES J
  		04-2456011 57586ENK3 01-05-2010 509,178,736 SERIES J - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM INC SERIES K
  		04-3431814 57583R6W0 01-13-2011 436,019,104 SERIES K - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM INC SERIES L
  		04-3431814 57583UMV7 01-04-2012 353,501,227 SERIES L - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM INC SERIES M
  		04-3431814 57583UG77 01-30-2014 510,376,675 SERIES M - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM SERIES N-1 AND N-2
  		04-3431814   08-27-2014 141,350,000 SERIES N - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM SERIES N-1 AND N-2
  		04-3431814 57583UW20 01-29-2015 657,583,529 SERIES O - SEE SCHEDULE K PART VI            
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . . 341,690,000 162,025,000 50,635,000 225,000,000
2 Amount of bonds legally defeased . . . . . . . . . . . 0 0 107,910,000 0
3 Total proceeds of issue . . . . . . . . . . . . . . 344,268,619 419,448,101 329,345,063 386,190,828
4 Gross proceeds in reserve funds . . . . . . . . . . . . 0 0 0 0
5 Capitalized interest from proceeds . . . . . . . . . . . 15,436,586 18,398,432 9,382,534 20,479,076
6 Proceeds in refunding escrows . . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . . 2,026,416 2,671,595 2,338,149 2,776,551
8 Credit enhancement from proceeds . . . . . . . . . . . 0 2,650,000 0 4,696,147
9 Working capital expenditures from proceeds . . . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . . 249,756,929 326,493,380 164,128,012 358,239,054
11 Other spent proceeds . . . . . . . . . . . . . . 77,048,688 69,234,694 153,496,396 0
12 Other unspent proceeds . . . . . . . . . . . . . . 0 0 0 0
13 Year of substantial completion . . . . . . . . . . . . 2005 2007 2009 2009
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . . X   X   X     X
15 Were the bonds issued as part of an advance refunding issue? . . . . .   X   X X     X
16 Has the final allocation of proceeds been made? . . . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X   X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . .   X   X   X   X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?                
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X   X   X   X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0 % 0 % 0 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0 % 0 % 0 % 0 %
6 Total of lines 4 and 5 . . . . . . . . . . . . . 0 % 0 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? . . . . .   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. 0 % 0 % 0 % 0 %
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .   X   X   X   X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? . . . . . . . 		X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? . .   X   X   X   X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X   X   X   X
b Exception to rebate? . . . . . . . .   X X   X   X  
c No rebate due? . . . . . . . . X   X   X   X  
If "Yes" to line 2c, provide in Part VI the date the rebate
computation was performed . . . . . .
3 Is the bond issue a variable rate issue? . . . . X   X     X X  
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue? X   X     X X  
b Name of provider . . . . . . . . . BEARSTEARNS CAP MARK
  		BEARSTEARNS CAPMARKE
  		0
  		 
 
c Term of hedge . . . . . . . . . . 32.2 35. 35. 35.
d Was the hedge superintegrated? . . . .   X   X   X   X
e Was the hedge terminated? . . . . . .   X   X   X   X
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . . X   X   X   X  
b Name of provider . . . . . . . . . TRINITY PLUS
  		XL ASSET FUNDING CO
  		CITIGROUP FINANCIAL
  		CITIGROUP FINANCIAL
 
c Term of GIC . . . . . . . . . . 2.4 1.8 1.7 1.7
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . X   X   X   X  
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
PART VI - SEE FEDERAL FOOTNOTES  
Schedule K (Form 990) 2014

Additional Data


Software ID:  
Software Version:  

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number
04-3230035
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer 		(i) Pool
financing
Yes No Yes No Yes No
A MHEFA Partners HealthCare System Inc Series D
  		04-2456011 57585K3N6 05-28-2003 343,630,000 SERIES D - SEE SCHEDULE K PART VI            
B MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES F
  		04-2456011 57586CGW9 06-10-2005 411,566,153 SERIES F - SEE SCHEDULE K PART VI            
C MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES G-5
  		04-2456011 57586CZL2 06-07-2007 326,508,722 SERIES G5 - SEE SCHEDULE K PART VI            
D MHEFA PARTNERS HEALTHCARE SER G-1G-2G-3G-4G-6
  		04-2456011 57586CZW8 06-07-2007 380,000,000 SERIES G - SEE SCHEDULE K PART VI            
MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES H
  		04-2456011 57586CW27 04-01-2008 171,320,000 SERIES H - SEE SCHEDULE K PART VI            
MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES I
  		04-2456011 57586EHR5 05-14-2009 229,977,036 SERIES I - SEE SCHEDULE K PART VI            
MHEFA PARTNERS HEALTHCARE SYSTEM INC SERIES J
  		04-2456011 57586ENK3 01-05-2010 509,178,736 SERIES J - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM INC SERIES K
  		04-3431814 57583R6W0 01-13-2011 436,019,104 SERIES K - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM INC SERIES L
  		04-3431814 57583UMV7 01-04-2012 353,501,227 SERIES L - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM INC SERIES M
  		04-3431814 57583UG77 01-30-2014 510,376,675 SERIES M - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM SERIES N-1 AND N-2
  		04-3431814   08-27-2014 141,350,000 SERIES N - SEE SCHEDULE K PART VI            
MDFA PARTNERS HEALTHCARE SYSTEM SERIES N-1 AND N-2
  		04-3431814 57583UW20 01-29-2015 657,583,529 SERIES O - SEE SCHEDULE K PART VI            
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . . 341,690,000 162,025,000 50,635,000 225,000,000
2 Amount of bonds legally defeased . . . . . . . . . . . 0 0 107,910,000 0
3 Total proceeds of issue . . . . . . . . . . . . . . 344,268,619 419,448,101 329,345,063 386,190,828
4 Gross proceeds in reserve funds . . . . . . . . . . . . 0 0 0 0
5 Capitalized interest from proceeds . . . . . . . . . . . 15,436,586 18,398,432 9,382,534 20,479,076
6 Proceeds in refunding escrows . . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . . 2,026,416 2,671,595 2,338,149 2,776,551
8 Credit enhancement from proceeds . . . . . . . . . . . 0 2,650,000 0 4,696,147
9 Working capital expenditures from proceeds . . . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . . 249,756,929 326,493,380 164,128,012 358,239,054
11 Other spent proceeds . . . . . . . . . . . . . . 77,048,688 69,234,694 153,496,396 0
12 Other unspent proceeds . . . . . . . . . . . . . . 0 0 0 0
13 Year of substantial completion . . . . . . . . . . . . 2005 2007 2009 2009
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . . X   X   X     X
15 Were the bonds issued as part of an advance refunding issue? . . . . .   X   X X     X
16 Has the final allocation of proceeds been made? . . . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X   X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . .   X   X   X   X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?                
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X   X   X   X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0 % 0 % 0 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0 % 0 % 0 % 0 %
6 Total of lines 4 and 5 . . . . . . . . . . . . . 0 % 0 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? . . . . .   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. 0 % 0 % 0 % 0 %
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .   X   X   X   X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? . . . . . . . 		X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? . .   X   X   X   X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X   X   X   X
b Exception to rebate? . . . . . . . .   X X   X   X  
c No rebate due? . . . . . . . . X   X   X   X  
If "Yes" to line 2c, provide in Part VI the date the rebate
computation was performed . . . . . .
3 Is the bond issue a variable rate issue? . . . . X   X     X X  
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue? X   X     X X  
b Name of provider . . . . . . . . . BEARSTEARNS CAP MARK
  		BEARSTEARNS CAPMARKE
  		0
  		 
 
c Term of hedge . . . . . . . . . . 32.2 35. 35. 35.
d Was the hedge superintegrated? . . . .   X   X   X   X
e Was the hedge terminated? . . . . . .   X   X   X   X
Schedule K (Form 990) 2014
Schedule K (Form 990) 2014
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . . X   X   X   X  
b Name of provider . . . . . . . . . TRINITY PLUS
  		XL ASSET FUNDING CO
  		CITIGROUP FINANCIAL
  		CITIGROUP FINANCIAL
 
c Term of GIC . . . . . . . . . . 2.4 1.8 1.7 1.7
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . X   X   X   X  
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
PART VI - SEE FEDERAL FOOTNOTES  
Schedule K (Form 990) 2014

Additional Data


Software ID:  
Software Version:  

Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletInformation about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number

04-3230035
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No





2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ......Small Bullet $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2014
Schedule L (Form 990 or 990-EZ) 2014
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) D Shtasel Family - Gottlieb 238,978 Salary-Mass General Phys. Org.   No
(2) R Soberman Family - Klibanski 71,400 Salary-General Hospital Corp.   No
(3) R Blanchfield Family - Meyer 66,343 Salary-General Hospital Corp.   No
(4) B Rosenbaum Family - Rosenbaum 24,323 Salary-General Hospital Corp.   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990 or 990-EZ) 2014

Additional Data


Software ID:  
Software Version:  




SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number

04-3230035
Return Reference Explanation
Statement of Program Service Accomplishments PARTNERS HEALTHCARE SYSTEM, INC., (PARTNERS) ESTABLISHED IN MARCH 1994, IS THE CORPORATION OVERSEEING THE AFFILIATION OF BRIGHAM AND WOMEN'S HEALTH CARE, THE MASSACHUSETTS GENERAL HOSPITAL, NSMC HEALTHCARE, INC., NEWTON-WELLESLEY HEALTH CARE SYSTEM, INC., PARTNERS CONTINUING CARE, INC. AND NEIGHBORHOOD HEALTH PLAN, INC. PARTNERS IS DEVELOPING AN INTEGRATED HEALTH CARE DELIVERY SYSTEM THROUGHOUT THE REGION THAT OFFERS PATIENTS A CONTINUUM OF COORDINATED, HIGH-QUALITY CARE. THE SYSTEM INCLUDES PRIMARY CARE PHYSICIANS AND SPECIALISTS, COMMUNITY HOSPITALS, THE TWO FOUNDING ACADEMIC MEDICAL CENTERS (MGH AND BWH) AND OTHER HEALTH-RELATED ENTITIES. PARTNERS IS CREATING A FRAMEWORK IN WHICH ALL ASPECTS OF THE HEALTH CARE DELIVERY SYSTEM ARE COORDINATED BETWEEN AND AMONG PROVIDERS AND FACILITIES. PARTNERS IMPROVES THE QUALITY OF HEALTH CARE AND FURTHER SERVES THE PUBLIC AT LARGE BY SUPPORTING ITS MEMBER ORGANIZATIONS SO THAT THEY MAY PURSUE THEIR TEACHING AND RESEARCH MISSIONS. THE MEMBER ORGANIZATIONS OF PARTNERS HAVE JOINED TOGETHER IN A COMMITMENT TO SERVE THE COMMUNITY. TOGETHER, THESE ORGANIZATIONS ARE DEDICATED TO ENHANCING PATIENT CARE, TEACHING AND RESEARCH, AND TO TAKING A LEADERSHIP ROLE AS AN INTEGRATED HEALTH CARE SYSTEM. Partners is committed to leading the way in designing integrated patient and family-centered care with the goals of enhancing the quality of patient care and slowing the increase in health care costs. Partners has launched a series of strategic initiatives to redesign care with an emphasis on improving quality and affordability. Multi-disciplinary teams from Partners and from Partners HealthCare hospitals were assembled to develop and implement strategies for change, focusing on the following key areas: Care Redesign: initiatives that seek improvement in patient quality and outcomes while reducing the cost to deliver those outcomes. Patient Affordability: initiatives to manage cost growth and reduce per unit costs in direct patient care and overhead. Additional and ongoing initiatives include the following: Promoting payment systems that support more integrated, patient-centered care. Providing population health management for the sickest patient groups. Delivering safety across the continuum of care. Redesigning primary care. Maximizing the use of new information technology. PLEASE VISIT HTTP://WWW.PARTNERS.ORG/ABOUT/PHILANTHROPY/COMMITMENT-TO-GIVING/DEFAULT.AS PX FOR MORE INFORMATION ABOUT SPECIFIC PARTNERS' PROGRAMS AND INITIATIVES.
Executive Committee The Executive Committee has all of the responsibilities and authority of the Directors during intervals between meetings of the Directors except for the powers specified in Section 55 of Massachusetts General Laws, Chapter 156B. The Committee consists of three to five Directors of the Corporation appointed annually by the Board of Directors.
Business and Family Relationships Peter Markell & Richard Holbrook - Business Relationship Charles Gifford & Anne Finucane - Business Relationship David Torchiana and Peter Markell - Business Relationship
Decisions of Governing Body Subject to Member Approval Pursuant to the corporate bylaws of the organization, the authority for the following actions is reserved to the members of the organization: - Members shall determine the number of PHS Directors and shall elect PHS Directors. Members may, by a vote, increase the number of PHS directors. Members may decrease the number of PHS Directors, but only to eliminate vacancies existing by reason of the death, resignation or removal of one or more elected PHS Directors. - Members may remove a PHS Director with or without cause by vote. - Members may amend PHS bylaws in whole or in part or may repeal and adopt new bylaws. Members may adopt, amend or repeal any Bylaw, including any Bylaws adopted, amended or repealed by the Directors. Pursuant to the laws of Massachusetts, the authority for the following actions is reserved to the member of the organization: - Amend or restate the Articles of Organization - Consolidation or merger - Sale, lease, exchange or disposition of all or substantially all of the organizations property or assets.
Form 990 Review The Form 990 was prepared and reviewed by the Partners HealthCare System, Inc. (PHS) Tax Department. Certain key sections were also reviewed by the PHS Executive Vice President of Administration and Finance, CFO and Treasurer; and by the PHS General Counsel. The Executive Vice President of Administration and Finance, CFO and Treasurer reviewed and signed the Form 990. The compensation disclosures were presented to and discussed with the PHS Compensation Committee at the APRIL 26, 2016 meeting. The process for preparing and reviewing Form 990 was discussed at the May 9, 2016 meeting of the Audit Committee of the PHS Board of Directors. The final filing version of the Form 990 was provided to each voting Board member prior to filing.
Conflict of Interest Policy For purposes of its annual tax filing, Partners HealthCare has an annual questionnaire process for obtaining information on interests that may give rise to conflicts from all officers, directors, trustees and key employees. In addition, in connection with Partners' Conflict of Interest Policy, the Partners Office for Interactions with Industry and Office of General Counsel work together to periodically distribute, collect and review disclosure statements from these individuals. The information on each such disclosure is reviewed by each individual's supervisor (who in the case of directors and trustees is deemed to consist of the Chairman of the Board and the entity's President/CEO, who review the disclosures with the assistance of the General Counsel or attorney representatives of his office). Partners has a Conflict of Interest Policy that applies to all entities in the system, and which is designed to: (1) identify relationships and conduct that create either conflicts of interest or conflicts of commitment; (2) establish a system for disclosing and resolving potential conflicts; and (3) ensure that transactions are negotiated at arm's length and that payments are at fair market value. Under our policy, when a conflict arises, the individual associated with the outside entity in question must provide full disclosure and completely recuse him/herself from any institutional decision-making about the transaction. In appropriate circumstances, (i) the Corporation must consider at least two alternative disinterested competitive proposals; or must determine that two such competitive proposals do not exist or that it would be impractical to elicit or consider such competitive proposals; and (ii) the Corporation must determine that, notwithstanding the apparent conflict, the transaction is fair and reasonable to the Corporation and is in the best interests of the Corporation. A written record must be made of these determinations. Furthermore, transactions that present particularly significant conflicts are reviewed by an independent committee of Partners, which review is also documented. Conflicts of commitment by the Partners President and CEO are addressed by requiring outside activities to be approved by the Partners Board Chair.
Process for Determining Compensation The organization has a board level compensation committee that reviews and approves the compensation for all listed officers and key employees except the Secretary. The committee is comprised of members of the board who are not employed by the organization, and no member may participate in the review and approval of compensation if the member has a conflict of interest with respect to that compensation arrangement. The committee relies on data, provided by an independent compensation consultant, which includes comparable compensation for similarly qualified persons, in functionally comparable positions, at similarly situated organizations. The deliberations and decisions of the committee are documented in minutes of the meeting. This review process occurs on an annual basis.
Public Availability of Financial Statements and Governing Documents The Organization's governing documents are filed with the Massachusetts Secretary of State and the Financial Statements are filed with the Massachusetts Attorney General, all of which are open to public inspection. The Organization's conflict of interest policy is available on the Organization's website.
Other Changes in Net Assets or Fund Balances Other changes in net assets or fund balances relate to: -Change in funded status of defined benefit plans $(6,044,073) -Equity Investment Activity $(57,257,677) -Change in fair value of hedging interest rate swaps $1,908,596 Total $(61,393,154)
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
Partners HealthCare System Inc
 
Employer identification number

04-3230035
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) Partners HealthCare International LLC
800 Boylston Street
Boston,MA02199
20-5281203 		Med Training MA 15,526,057 18,602,417 PHS
 
(2) PD Productions LLC
101 Merrimac Street 3rd Floor
Boston,MA02114
56-2383458 		Med Education MA 0 0 PHS
 
(3) Partners Private Care LLC
1101 Worcester Road
Framingham,MA01701
26-3871702 		Home Health MA 11,983,442 4,321,183 PHC
 






Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1) The Massachusetts General Hospital (MGH)
55 Fruit Street

Boston,MA02114
04-1564655 		Healthcare MA 501(c)(3) 7 PHS
 
Yes
 
(2) The General Hospital Coporation
55 Fruit Street

Boston,MA02114
04-2697983 		Healthcare MA 501(c)(3) 3 MGH
 
Yes
 
(3) Massachusetts General Physicians Org
55 Fruit Street

Boston,MA02114
04-2807148 		Healthcare MA 501(c)(3) 9 MGH
 
Yes
 
(4) The MGH Health Services Corporation
55 Fruit Street

Boston,MA02114
22-2717383 		Healthcare MA 501(c)(3) 11a MGH
 
Yes
 
(5) The MGH Institute of Health Professions
36 First Avenue

Charlestown,MA02129
04-2868893 		Med Education MA 501(c)(3) 2 MGH
 
Yes
 
(6) McLean HealthCare Inc (MHC)
115 Mill Street

Belmont,MA02478
20-4572876 		Admin Support MA 501(c)(3) 11a MGH
 
Yes
 
(7) The McLean Hospital Corporation
115 Mill Street

Belmont,MA02478
04-2697981 		Healthcare MA 501(c)(3) 3 MHC
 
Yes
 
(8) Martha's Vineyard Hospital Inc (MVH)
Linton Lane PO Box 1477

Oak Bluffs,MA02557
04-2104691 		Healthcare MA 501(c)(3) 3 MGH
 
Yes
 
(9) WNR Inc
1 Linton Lane

Oak Bluffs,MA02557
04-3419920 		Nursing Svcs. MA 501(c)(3) 9 MVH
 
Yes
 
(10) Nantucket Cottage Hospital (NCH)
57 Prospect Street

Nantucket,MA02554
04-2103823 		Healthcare MA 501(c)(3) 3 MGH
 
Yes
 
(11) Nantucket Cottage Hospital Foundation
57 Prospect Street

Nantucket,MA02554
04-3829745 		Admin Support MA 501(c)(3) 11a NCH
 
Yes
 
(12) Brigham and Women's Health Care (BWHC)
75 Francis Street

Boston,MA02115
04-2921338 		Admin Support MA 501(c)(3) 7 PHS
 
Yes
 
(13) The Brigham and Women's Hospital (BWH)
75 Francis Street

Boston,MA02115
04-2312909 		Healthcare MA 501(c)(3) 3 BWHC
 
Yes
 
(14) Biosciences Research Foundation Inc
75 Francis Street

Boston,MA02115
22-2483849 		Promote Res. MA 501(c)(3) 11a BWHC
 
Yes
 
(15) BWH Research Inc
75 Francis Street

Boston,MA02115
04-3011445 		Med Research MA 501(c)(3) 11a BWHC
 
Yes
 
(16) Brigham Community Practices Inc
75 Francis Street

Boston,MA02115
22-2588069 		Healthcare MA 501(c)(3) 9 BWHC
 
Yes
 
(17) Brigham and Women's Phys Org (BWPO)
75 Francis Street

Boston,MA02115
04-3466314 		Healthcare MA 501(c)(3) 9 BWHC
 
Yes
 
(18) Brigham Medical Res & Edu Foundation
75 Francis Street

Boston,MA02115
04-3539249 		Med Res & Edu MA 501(c)(3) 11a BWPO
 
Yes
 
(19) Brigham & Women's Ob-Gyn Res & Edu
75 Francis Street

Boston,MA02115
04-3494863 		Med Res & Edu MA 501(c)(3) 7 BWPO
 
Yes
 
(20) Brigham Pathology Res & Edu Foundation
75 Francis Street

Boston,MA02115
04-3541111 		Med Res & Edu MA 501(c)(3) 11a BWPO
 
Yes
 
(21) Brigham Radiology Res & Edu Foundation
75 Francis Sreet

Boston,MA02115
04-3425905 		Med Res & Edu MA 501(c)(3) 11a BWPO
 
Yes
 
(22) Brigham and Women's Faulkner Hosp(BWFH)
1153 Centre Street

Boston,MA02130
04-2768256 		Healthcare MA 501(c)(3) 3 BWHC
 
Yes
 
(23) Village Manor Nursing Home Inc
1153 Centre Street

Boston,MA02130
04-2775265 		Nursing Home MA 501(c)(3) 3 BWFH
 
Yes
 
(24) Partners Continuing Care Inc (PCC)
Prudential Tower 800 Boylston Stre

Boston,MA02199
26-0003495 		Admin Support MA 501(c)(3) 11a PHS
 
Yes
 
(25) Spaulding Rehabilitation Hospital Corp
300 First Avenue

Charlestown,MA02129
04-2551124 		Healthcare MA 501(c)(3) 3 PCC
 
Yes
 
(26) Rehab Hospital of the Cape & Islands
311 Service Road

East Sandwich,MA02537
04-3071419 		Healthcare MA 501(c)(3) 3 PCC
 
Yes
 
(27) Shaughnessy-Kaplan Rehabilitation Hosp
Dove Avenue

Salem,MA01970
04-3067082 		Healthcare MA 501(c)(3) 3 PCC
 
Yes
 
(28) Partners Home Care Inc (PHC)
281 Winter Street

Waltham,MA02451
04-2918280 		Home Health MA 501(c)(3) 9 PCC
 
Yes
 
(29) Partners Hospice Inc
48 Woerd Avenue 102

Waltham,MA02453
04-2730504 		Home Health MA 501(c)(3) 7 PHC
 
Yes
 
(30) FRC Inc
101 Merrimac Street

Boston,MA02114
22-2632121 		Healthcare MA 501(c)(3) 3 PCC
 
Yes
 
(31) NSMC HealthCare Inc (NSHC)
81 Highland Avenue

Salem,MA01970
04-3294420 		Admin Support MA 501(c)(3) 11a PHS
 
Yes
 
(32) North Shore Medical Center Inc
81 Highland Avenue

Salem,MA01970
04-3399616 		Healthcare MA 501(c)(3) 3 NSHC
 
Yes
 
(33) North Shore Physicians Group Inc
81 Highland Avenue

Salem,MA01970
04-3080484 		Healthcare MA 501(c)(3) 11a NSHC
 
Yes
 
(34) Newton-Wellesley HealthCare System(NWHC)
2014 Washington Street

Newton,MA02462
20-4295282 		Admin Support MA 501(c)(3) 11a PHS
 
Yes
 
(35) Newton-Wellesley Hospital
2014 Washington Street

Newton,MA02462
04-2103611 		Healthcare MA 501(c)(3) 3 NWHC
 
Yes
 
(36) Newton-Wellesley Ambulatory Services
2014 Washington Street

Newton,MA02462
22-2560501 		Healthcare MA 501(c)(3) 11a NWHC
 
Yes
 
(37) Newton-Wellesley Hosp Charitable Found
2014 Washington Street

Newton,MA02462
04-3455952 		Fundraising MA 501(c)(3) 7 NWHC
 
Yes
 
(38) Newton-Wellesley Children's Corner Inc
2014 Washington Street

Newton,MA02462
04-2650246 		Child Care MA 501(c)(3) 9 NWHC
 
Yes
 
(39) Partners Medical International Inc
100 Cambridge Street

Boston,MA02114
04-3197711 		Med. Training MA 501(c)(3) 11a PHS
 
Yes
 
(40) The Friends of The Brigham & Women's Hos
75 Francis Street

Boston,MA02115
04-2239449 		Fundraising MA 501(c)(3) 11a BWHC
 
Yes
 
(41) Spaulding Hospital - Cambridge Inc
1575 Cambridge Street

Cambridge,MA02138
27-0273715 		Hospital MA 501(c)(3) 3 PCC
 
Yes
 
(42) Nantucket Physician Organization Inc
57 Prospect Street

Nantucket,MA02554
26-4349357 		Healthcare MA 501(c)(3) 9 MGH
 
Yes
 
(43) Neighborhood Health Plan Inc (NHP)
253 Summer Street

Boston,MA02210
04-2932021 		Insurance MA 501(c)(4) NONE PHS
 
Yes
 
(44) Community Medical Alliance Inc
253 Summer Street

Boston,MA02210
04-3454185 		Insurance MA 501(c)(3) 11a NHP
 
Yes
 
(45) Cooley Dickinson Hospital Inc
30 Locust Street

Northampton,MA01060
22-2617175 		Hospital MA 501(c)(3) 3 CDHCC
 
Yes
 
(46) VNA & Hospice of Cooley Dickinson Inc
168 Industrial Drive

Northampton,MA01060
04-2104788 		Home Health MA 501(c)(3) 9 CDHCC
 
Yes
 
(47) Cooley Dickinson Health Care Corp CDHCC
30 Locust Street

Northampton,MA01060
04-2103561 		Admin Support MA 501(c)(3) 11b MGH
 
Yes
 
(48) CD Practice Associates Inc
POBox 911

Northampton,MA01060
04-3194547 		Healthcare MA 501(c)(3) 9 CDHCC
 
Yes
 
(49) Neighborhood Health Plan
253 Summer Street

Boston,MA02210
04-2932021 		Insurance MA 501(c)(4)   PHS
 
Yes
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) PHS Bay Colony Fund

245 Park Avenue
NY,NY10167
13-3887448 		Investments DE PPIA
  		EXCLUDED -133,906 1,357,964   No -9,910   No 94.020 %
(2) WELLINGTON TRUST COMPANY NA CTF QUALITY

280 CONGRESS STREET
BOSTON,MA02210
04-6657593 		INVESTMENTS MA PPIA
  		EXCLUDED 3,663,620 73,357,544   No 0   No 83.270 %
(3) PARTNERS INNOVATION FUND LLC

101 HUNTINGTON AVENUE 4TH FLOOR
BOSTON,MA02199
26-2899986 		INVESTMENTS MA N/A
 EXCLUDED 4,233,642 29,351,160   No 0   No 100.000 %
(4) PARTNERS HEALTHCARE SYSTEM POOLED INVEST

101 MERRIMAC STREET
BOSTON,MA02114
04-3268842 		INVESTMENTS MA PHS
  		EXCLUDED 200,446,332 7,478,376,530   No 3,962,937   No 99.800 %






Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) Partners Community Physicians Org Inc

800 Boylston Street
Boston,MA02199
04-3236175 		Healthcare MA PHS
  		C 178,813,230 99,619,080 100.000 % Yes  
(2) Newton-Wellesley Physician Hospital Org

2014 Washington Street
Newton,MA02462
04-3209749 		Healthcare MA NWHC
  		C 4,294,366 8,467,931 100.000 % Yes  
(3) GENEINSIGHT INC

101 hUNTINGTON aVE 4TH FLOOR C/O
BOSTON,MA02199
47-1764598 		SOFTWARE MA PHS
  		C 111,784 991,547 80.100 % Yes  








Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
Yes
 
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
 
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
Yes
 
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
Yes
 
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) The Massachusetts General Hospital

 1a(i) 28,375,665 FMV
(2) The General Hospital Corporation

 1a(i) 17,998,039 FMV
(3) Newton-Wellesley Hospital

 1a(i) 5,591,389 FMV
(4) The Brigham and Women's Hospital

 1a(i) 33,760,119 FMV
(5) The McLean Hospital Corporation

 1a(i) 1,166,619 FMV
(6) The Spaulding Rehabilitation Hospital Corp

 1a(i) 444,097 FMV
(7) Rehabilitation Hospital of the Cape & Islands

 1a(i) 358,712 FMV
(8) Brigham and Women's Faulkner Hospital Inc

 1a(i) 248,739 FMV
(9) North Shore Medical Center

 1a(i) 14,200,765 FMV
(10) FRC Inc

 1a(i) 160,914 FMV
(11) Shaughnessy-Kaplan Rehabilitation Hospital

 1a(i) 30,880 FMV
(12) Massachusetts General Physicians Org Inc

 1a(i) 706,667 FMV
(13) Cooley Dickinson Hospital Inc

 1a(i) 2,259,217 FMV
(14) Partners Continuing Care

 1b 40,449,186 FMV
(15) The Spaulding Rehabilitation Hospital Corp

 1b 746,978 FMV
(16) Rehabilitation Hospital of the Cape & Islands

 1b 178,620 FMV
(17) Partners Home Care Inc

 1b 2,217,336 FMV
(18) The General Hospital Corporation

 1b 5,240,981 FMV
(19) FRC Inc

 1b 107,153 FMV
(20) SHAUGHNESSY-KAPLAN REHABILITATION HOSPITAL

 1B 250,068 FMV
(21) NEIGHBORHOOD HEALTH PLAN

 1B 117,100,000 FMV
(22) THE MCLEAN HOSPITAL CORPORATION

 1B 161,534 FMV
(23) MCLEAN HEALTHCARE INC

 1B 25,000,000 FMV
(24) SPAULDING HOSPITAL - CAMBRIDGE

 1B 397,904 FMV
(25) BRIGHAM AND WOMEN'S FAULKNER HOSPITAL

 1B 125,000 FMV
(26) Brigham and Women's Health Care Inc

 1c 47,475,252 FMV
(27) The Massachusetts General Hospital

 1c 79,587,172 FMV
(28) McLean HealthCare

 1c 3,275,389 FMV
(29) The Brigham and Women's Hospital

 1c 12,475,619 FMV
(30) NSMC HealthCare

 1c 8,857,050 FMV
(31) Newton-Wellesley Hospital

 1c 3,848,043 FMV
(32) Newton-Wellesley Health Care System

 1c 8,754,969 FMV
(33) Newton-Wellesley Hospital Charitable Found

 1c 134,968 FMV
(34) Partners Continuing Care

 1c 7,660,733 FMV
(35) MARTHA'S VINEYARD HOSPITAL

 1C 1,541,793 FMV
(36) NANTUCKET COTTAGE HOSPITAL

 1C 743,505 FMV
(37) NEIGHBORHOOD HEALTH PLAN

 1C 1,675,000 FMV
(38) MASSACHUSETTS GENERAL PHYSICIANS ORG INC

 1C 225,000 FMV
(39) The Brigham and Women's Hospital

 1d 238,936,667 FMV
(40) The McLean Hospital Corporation

 1d 29,522,500 FMV
(41) North Shore Medical Center

 1d 105,686,716 FMV
(42) MASSACHUSETTS GENERAL PHYSICIAN ORGANIZATION

 1d 100,000,000 FMV
(43) COOLEY DICHINSON HOSPITAL

 1d 10,000,000 FMV
(44) The Massachusetts General Hospital

 1k 937,084 FMV
(45) The Massachusetts General Hospital

 1l 582,848 FMV
(46) The General Hospital Corporation

 1l 260,908,993 FMV
(47) Massachusetts General Physicians Organization

 1l 9,231,251 FMV
(48) The Spaulding Rehabilitation Hospital Corp

 1l 11,586,283 FMV
(49) Partners Home Care

 1l 6,542,410 FMV
(50) FRC Inc

 1l 1,153,284 FMV
(51) Spaulding Hospital - Cambridge

 1l 4,240,673 FMV
(52) Rehabilitation Hospital of the Cape & Islands

 1l 2,594,111 FMV
(53) Partners Continuing Care

 1l 677,983 FMV
(54) Marthas Vineyard Hospital

 1l 2,235,947 FMV
(55) Nantucket Cottage Hospital

 1l 2,158,630 FMV
(56) The McLean Hospital Corporation

 1l 14,511,709 FMV
(57) The MGH Institute of Health Professions

 1l 914,838 FMV
(58) The Brigham and Women's Hospital

 1l 205,968,104 FMV
(59) Brigham and Women's Physicians Organization

 1l 5,476,869 FMV
(60) Brigham and Women's Faulkner Hospital Inc

 1l 16,428,381 FMV
(61) North Shore Medical Center

 1l 42,525,127 FMV
(62) Shaughnessy-Kaplan Rehabilitation Hospital

 1l 2,920,178 FMV
(63) Newton-Wellesley Hospital

 1l 32,451,434 FMV
(64) Partners Physicians Organization

 1l 7,132,408 FMV
(65) NEIGHBORHOOD HEALTH PLAN

 1L 2,059,496 FMV
(66) NORTH SHORE PHYSICIANS GROUP

 1L 129,420 FMV
(67) BRIGHAM AND WOMEN'S HEALTHCARE INC

 1L 106,747 FMV
(68) COOLEY DICKINSON HOSPITAL

 1L 375,475 FMV
(69) NEWTON-WELLESLEY AMBULATORY SERVICES

 1L 65,394 FMV
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2014
Additional Data


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