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    <Timestamp>2012-05-10T10:28:23-07:00</Timestamp>
    <TaxPeriodEndDate>2011-06-30</TaxPeriodEndDate>
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        <BusinessNameLine1>SHANDS TEACHING HOSPITALS &amp; CLINICS INC</BusinessNameLine1>
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        <City>GAINESVILLE</City>
        <State>FL</State>
        <ZIPCode>326100336</ZIPCode>
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      <Name>
        <BusinessNameLine1>SHANDS EMPLOYEES BENEFITS TRUST PLAN</BusinessNameLine1>
        <BusinessNameLine2>fka SHANDS TEACHING HOSPITAL AND CLINICS</BusinessNameLine2>
      </Name>
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      <Phone>3522657949</Phone>
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        <City>GAINESVILLE</City>
        <State>FL</State>
        <ZIPCode>32610</ZIPCode>
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    <Officer>
      <Name>Janet Christie</Name>
      <Title>Director</Title>
      <DateSigned>2012-05-10</DateSigned>
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    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <GeneralExplanation>
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        <Explanation>The Compliance Department sends out a yearly questionaire on compliance issues to all Officers, Directors and Department Managers. Regular updates on conflict of interest and whistleblower issues are addressed in employee newsletters with information on who to contact if there is a concern.</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>The Form 990 is available for board member review before it is submitted. The form is reviewed with the Vice President of Human Resources before submission.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 3</Identifier>
        <ReturnReference>Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company</ReturnReference>
        <Explanation>Management of the funds are assigned to health insurance providers. Shands employees receive healthcare that is billed to these insurance providers. The insurance providers send a detailed billing to a Shands Benefit Analyst who reviews all payment requests and approves appropriate payments. The Fund is also audited by an independant accounting firm for appropriate disbursements.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part III, Line 3</Identifier>
        <ReturnReference>Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services</ReturnReference>
        <Explanation>During the plan year 2011, Plan management made the decision to terminate the Plan's voluntary employee beneficiary association (VEBA) trust effective June 30, 2011, the Plan is considered an unfunded plan, in which plan benefits are paid as needed directly and exclusively from the general assets of the Sponsor. The Sponsor (Shands Teaching Hospital and Clinics, Inc.) will assume responsibility for any unpaid claims and claims incurred but not reported (IBNR) henceforth. The Plan will remain in existence; however, as of June 30, 2011, the Plan has no benefit obligations and no net assets available for benefits.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Shands Jacksonville Medical Center Inc</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 100336</AddressLine1>
          <City>Gainesville</City>
          <State>FL</State>
          <ZIPCode>326100336</ZIPCode>
        </AddressUS>
        <EIN>592142859</EIN>
        <PrimaryActivities>Hospital</PrimaryActivities>
        <LegalDomicileState>FL</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>3</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Southeastern Healthcare Foundation Inc</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 100362</AddressLine1>
          <City>Gainesville</City>
          <State>FL</State>
          <ZIPCode>326100362</ZIPCode>
        </AddressUS>
        <EIN>592357609</EIN>
        <PrimaryActivities>Hospial Support</PrimaryActivities>
        <LegalDomicileState>FL</LegalDomicileState>
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        <PublicCharityStatus>11</PublicCharityStatus>
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        </DirectControllingEntityName>
        <ControlledOrg>false</ControlledOrg>
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          <BusinessNameLine1>Eldercare of Alachua County Inc</BusinessNameLine1>
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          <AddressLine1>PO BOX 100362</AddressLine1>
          <City>GAINESVILLE</City>
          <State>FL</State>
          <ZIPCode>326100362</ZIPCode>
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        <PublicCharityStatus>3</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>Shands Teaching Hospital and Clinics In</BusinessNameLine1>
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        <ControlledOrg>false</ControlledOrg>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>University of Florida</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>226 Tigert Hall</AddressLine1>
          <City>Gainesville</City>
          <State>FL</State>
          <ZIPCode>32611</ZIPCode>
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        <PrimaryActivities>Education</PrimaryActivities>
        <LegalDomicileState>FL</LegalDomicileState>
        <ExemptCodeSection>115</ExemptCodeSection>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Shands Lake Shore</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>PO Box 100362</AddressLine1>
          <City>Gainesville</City>
          <State>FL</State>
          <ZIPCode>326100362</ZIPCode>
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        <PrimaryActivities>Hospital</PrimaryActivities>
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          <AddressLine1>PO BOX 100362</AddressLine1>
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        <LegalDomicileState>FL</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>3</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>UNIVERSITY OF FLORIDA</BusinessNameLine1>
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        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
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