Tufts University Employee Benefit Trust

“The organization does not have any paid employees. The organization has three trustees who maintain and monitor all activities. All of the trustees of the organization are also paid employees of the plan sponsor, trustees of tufts college.”

“A comprehensive draft form 990 has been prepared in-house by the tax office and reviewed with the accounting department using the current year audited financial statements. The form 990 is thereafter reviewed by the tax director. The return is then provided to the full governing body for review prior to filing with the irs.”

“Policies relating to conflict of interest, whistleblower, business conduct and records retention are maintained and promulgated by the sponsor organization, trustees of tufts college (tufts). All tufts employees working on veba business are required to adhere to these policies. Also, for annual monitoring purposes, tufts university employee benefit trust (the trust), being a related organization of tufts, adheres to the same compliance policy for disclosures regarding conflicts of interest. With regard to the governing body of the trust, one of the three trustees, james m. Hurley, is also an officer of (tufts). All trustees have been provided with annual disclosure forms which are used to reveal conflicts of interest(coi) for the different positions held such as officers, highly compensated employees, key employees and governing board members. The coi disclosure forms are sent out after year-end. Upon reading the coi policy, each trustee is requested to disclose any potential or actual conflicts with the organization or related organizations in a statement that is signed and dated. Additionally, for the two remaining trustees of the trust, an electronic request to reveal conflicts of interest disclosures were provided and with the exception of being paid employees of tufts, there are no conflicts of interest disclosures for the current period.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public. All are available upon request.”

“A) trustee's name: james m. Hurley b) name of related organization: trustees of tufts college c) relationship between organizations: supported organization d) compensation description: james m. Hurley, vp finance & treasurer - he is a full time employee of the trustees of tufts college. He also serves as the chief financial officer and is compensated by the trustees of tufts college for that role. A) trustee's name: lisa halpert b) name of related organization: trustees of tufts college c) relationship between organizations: supported organization d) compensation description: lisa halpert, sr. Director of finance & planning, she is a full time employee of the trustees of tufts college serving as the sr. Director of finance & planning. She is also compensated by the trustees of tufts college for that role. A) trustee's name: robbyn w. Dewar b) name of related organization: trustees of tufts college c) relationship between organizations: supported organization d) compensation description: robbyn w. Dewar, director of benefits, she works full time as a member of the human resources team and supports employee benefits and the daily benefits operations for the trustees of tufts college and the trust. She is an employee of the trustees of tufts college and is compensated for that role. A) trustee's name: jonathan pearsall b) name of related organization: trustees of tufts college c) relationship between organizations: supported organization d) compensation description: jonathan pearsall, executive director and university controller - he is a full time employee of the trustees of tufts college. He also serves as the university controller and is compensated by the trustees of tufts college for that role.”