Yale University Retiree Health Benefits Coverage Trust

“The yale university finance office prepared and reviewed the form 990 prior to filing. Form 990, part vi, section a, line 1: yale university, as trustee of the yale university retiree health benefits coverage trust, is the only member of the organization. Yale university is also donor of the assets held, managed and invested by the trust.”

“Yale university retiree health benefits coverage trust (yurhbct) does not have any employees, volunteers, officers or directors. Yale university, the trustee of yale university retiree health benefits coverage trust (yurhbct), has a written conflict of interest policy. The yale conflict of interest policy obligates each officer, trustee, key employee and member of a committee with governing board delegated powers to promptly disclose any actual or potential conflict of interest as defined in the policy. Each such person must sign a statement annually affirming that he or she has received a copy of the conflict of interest policy, has read and understands the policy, agrees to comply with the policy, and understands that the corporation is charitable and in order to maintain its exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of his or her financial interest and be given the opportunity to disclose all material facts to the director and members of the committee with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of a potential conflict of interest, the interested person is excused from the governing board or committee meeting while the determination of a conflict of interest is made and is recused from participating in any vote on the matter. Form 990, part vi, section b, line 13: yale university retiree health benefits coverage trust (yurhbct) does not have any employees, volunteers, officers or directors. Yale university, trustee of yurhbct, has a written whistleblower policy. Any employees of yale university who deal with yurhbct are subject to yale university's written policies and procedures.”

“The organization's governing documents, including any amendments, and financial statements, to the extent provided as a part of its exemption application or annual form 990, are available to the public upon request. The yale university standards of business conduct is available on the university's website or upon request. Form 990, part viii, line 11 business activity code 236000 310000 446199 453000 517000 523000 531310 531390 713910 721110 900002 900099 form 990, part viii, line 7: gross amount from sales of assets other than inventory (i) securities: the capital gains and losses result primarily from the sales of publicly traded securities including common stocks and registered investment companies' shares.”

“The purpose of the yale university retiree health benefits coverage trust (yurhbct) is to promote and support the objectives, philosophies and best interests of yale university, which is the donor of assets held, managed and invested by the 501(a) trust and which is a tax-exempt organization under irc section 501(c)(3). The trust will hold, manage and invest certain assets contributed by yale, and will apply the net income and principal of such property for the support and benefit of yale by paying insurance premiums, administrative expenses, or direct reimbursement of medical claims for retired former employees as provided under yale university retiree medical reimbursement plans.”