Stanford University Trust for Post Retirement & Post Employment Benefits

“Under an agreement with the trustee, stanford university has the right to remove the trustee and other powers.”

“Under an agreement with the trustee, stanford university has the right to remove the trustee and other powers.”

“As the trust's governing body consists of 1 trustee, governance matters are addressed by the full governing body rather than by committee. The full governing body assumes responsibility for oversight of the audit of the trust's financial statements and for selection of an independent accountant. Form 990, part vi, section a, line 9 vanguard fiduciary trust 100 vanguard boulevard malvern, pa 19355”

“Each year, stanford university trust for post retirement and post employment benefits ("the trust") has its financial statements audited by the independent accounting firm of moss-adams, llp. Data for the 990 is extracted from the audited financial statements. The return is then prepared by grant thornton advisors llc and reviewed by professionals in stanford university's tax department. The trustee is provided with a copy of the 990. The final version is then signed by stanford university's senior director, financial compliance & operations.”

“Stanford university regularly monitors the performance of the trustee and assures that it is in compliance with all established policies and procedures.”

“The trust makes its form 990, governing documents and financial statements available to the public upon request.”

“The trust was created by stanford university to hold assets necessary to fund future medical benefit payments for stanford retirees and their eligible dependents. The trust also funds future benefits for terminated employees who had been receiving long-term disability benefits before their termination. Accordingly, the trust conducts its business in accordance with all policies of stanford university, which include written policies regarding conflict of interest, "whistleblowers and document retention and destruction.”

“Stanford university has appointed vanguard fiduciary trust as the trustee of this trust. Vanguard also provides retirement plan services to stanford university.”

“Veba trust did not issue forms 1099 for their vendors that provided professional services for veba trust during fiscal year 2024. The stanford university has assumed responsibility for the administration and management of veba trust.”

“Stanford university pays for auditing, actuarial and other administrative services rendered to the trust. Responsibility of oversight of the audit and selection of the independent accountants is done by stanford university.”