Tufts University Employee Benefits Tr 060194 Prhb

“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 is prepared in-house by the accounting office using the current year audited financial statements. It 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, thomas s mcgurty, is an officer of trustees of tufts college and has been provided with an annual disclosure form which is used to reveal conflicts of interest(coi) for officers, highly compensated employees, key employees and governing board members. The coi disclosure form is sent out after year-end. Upon reading the coi policy, each trustee is required to disclose any potential 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 was completed and returned to the general accounting/ tax office prior to the filing of the form 990; and with the exception of being paid employees of tufts, revealed no other conflicts of interest disclosures for the current reported year.”

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