YALE UNIVERSITY RETIREE HEALTH BENEFITS COVERAGE TR: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- YALE UNIVERSITY RETIREE HEALTH BENEFITS COVERAGE TR (EIN 06-6414276)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-11
- IRS object ID
- 201221329349300902
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-11T08:53:45-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 066414276 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YALE UNIVERSITY RETIREE HEALTH BENEFITS | BusinessNameLine1 |
| Business Name Line2 | COVERAGE TRUST | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | YALE | NameControl |
| Phone | 2034325530 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O YALE UNIVERSITY PO BOX 208239 | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 065208239 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | YALE UNIVERSITY AS TRUSTEE | Name |
| Title | BY VP FINANCE & BUSOPERATIONS | Title |
| Phone | 2034325530 | Phone |
| Date Signed | 2012-05-11 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | YALE UNIVERSITY TRUSTEE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O YALE UNIVERSITY PO BOX 208239 | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 065208239 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 332986750 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Trust | X | TypeOfOrganizationTrust |
| Year Formation | 1994 | YearFormation |
| State Legal Domicile | CT | StateLegalDomicile |
| Activity Or Mission Description | TO PROMOTE AND SUPPORT THE OBJECTIVES, PHILOSOPHIES AND BEST INTERESTS OF YALE UNIVERSITY, A TAX EXEMPT ENTITY UNDER IRC SECTION 501(C)(3). | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 0 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 0 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 433655 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 35671631 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 31755818 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 19569868 | InvestmentIncomePriorYear |
| Investment Income Current Year | 16914640 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1260679 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3117590 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 56502178 | TotalRevenuePriorYear |
| Total Revenue Current Year | 51788048 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 27378143 | OtherExpensePriorYear |
| Other Expenses Current Year | 28914322 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 27378143 | TotalExpensesPriorYear |
| Total Expenses Current Year | 28914322 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 29124035 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 22873726 | RevenuesLessExpensesCY |
| Total Assets BOY | 279735051 | TotalAssetsBOY |
| Total Assets EOY | 346489371 | TotalAssetsEOY |
| Total Liabilities BOY | 0 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 279735051 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 346489371 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 24150508 | Expense |
| Revenue | 31755818 | Revenue |
| Description | THE EXPENSES REPRESENT THE HEALTH BENEFITS (HOSPITALIZATION, PHYSICIAN SERVICES AND MAJOR MEDICAL IN EXCESS OF MEDICARE COVERAGE, AND/OR ALL OR A PORTION OF MEDICARE PART B PREMIUMS) TO RETIRED EMPLOYEES.THE MAJORITY OF REVENUE REPRESENTS THE CONTRIBUTIONS FROM YALE UNIVERSITY, TRUSTEE OF THE TRUST, WHICH WILL BE USED TO FUND POSTRETIREMENT HEALTH BENEFITS FOR RETIRED EMPLOYEES OF YALE UNIVERSITY PURSUANT TO THE UNIVERSITY BENEFIT PLANS.THE NUMBER OF ACTIVE RETIRED OR SEPARATED PARTICIPANTS RECEIVING BENEFITS OR ENTITLED TO FUTURE BENEFITS AS OF 6/30/11 IS 16,746. | Description |
| Total Program Service Expense | 24150508 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 6 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 0 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 0 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SHAUNA R KING YALE UNIVERSITY | NamePerson |
| Telephone Number | 2034321096 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 SCIENCE PARK 150 MUNSON STREET | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 06511 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | YALE UNIVERSITY | NamePerson |
| Title | TRUSTEE | Title |
| Average Hours Per Week | 5.00 | AverageHoursPerWeek |
| Institutional Trustee | X | InstitutionalTrustee |
| Reportable Comp From Organization | 0 | ReportableCompFromOrganization |
| Reportable Comp From Related Orgs | 0 | ReportableCompFromRelatedOrgs |
| Other Compensation | 0 | OtherCompensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| MEDCO HEALTH SOLUTIONS INC | |||||
| 100 PARSONS POND DRIVE | FRANKLIN LAKES | NJ | 07417 | ADMINISTRATIVE | 331701 |
| HEWITT ASSOCIATES | |||||
| PO BOX 95135 | CHICAGO | IL | 606945135 | ACTUARIAL | 202327 |
| AETNA INC | |||||
| PO BOX 70944 | CHICAGO | IL | 606730944 | ADMINISTRATIVE | 125749 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| EMPLOYER CONTRIBUTIONS | 525100 | 28712475 | 28712475 |
| PARTICIPANT CONTRIBUT. | 525100 | 3043343 | 3043343 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 31755818 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1356052 | TotalRevenueColumn |
| Exclusion | $1,356,052 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 296757290 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 281198702 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 15558588 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15558588 | TotalRevenueColumn |
| Exclusion | $15,558,588 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INVESTMENTS | Description |
| Business Code | 523000 | BusinessCode |
| Total Revenue Column | 3117590 | TotalRevenueColumn |
| Unrelated Business Revenue | 433655 | UnrelatedBusinessRevenue |
| Exclusion | $2,683,935 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3117590 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 51788048 | TotalRevenueColumn |
| Related Or Exempt Function Income | 31755818 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 433655 | UnrelatedBusinessRevenue |
| Exclusion | $19,598,575 | ExclusionAmount |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3737363 | Total |
| Management And General | 3737363 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| POSTRETIREMENT HEALTH B | 24150508 | 24150508 | |
| CONTRACT ADMIN. FEES | 611606 | 611606 | |
| OTHER ADMIN. EXPENSE | 412472 | 412472 | |
| TAXES ON UBTI | 2373 | 2373 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28914322 | Total |
| Program Services | 24150508 | ProgramServices |
| Management And General | 4763814 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 136329951 | BOY |
| EOY | 119576843 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 143405100 | BOY |
| EOY | 226912528 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 279735051 | BOY |
| EOY | 346489371 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 279735051 | BOY |
| EOY | 346489371 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 279735051 | BOY |
| EOY | 346489371 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 279735051 | BOY |
| EOY | 346489371 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 22873726 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 43880594 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type2 | X | SupportingOrg509a3Type2 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YALE UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 060646973 | EIN |
| Type Of Organization | 2 | TypeOfOrganization |
| Listed In Governing Doc | 1 | ListedInGoverningDoc |
| Supported Organization Notified | 1 | SupportedOrganizationNotified |
| Organized In US | 1 | OrganizedInUS |
| Amount | $28,914,322 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 28914322 | SumOfAmounts |
| General Explanation | SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART I, LINE 1H: 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 THE ASSETS HELD, MANAGED AND INVESTED BY THE 501(A) TRUST AND WHICH IS A TAX EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(3). CONTRIBUTIONS RECEIVED FROM YALE AND PARTICIPANTS ARE PAID TO FUND POSTRETIRMENT HEALTHCARE BENEFITS. TOTAL EXPENSES OF THE TRUST REPORTED ON PART IX, LINE 25(A) IS REPORTED ON SCHEDULE A, PART I, LINE 11H (VII), AMOUNT OF SUPPORT, AND REPRESENTS EXPENSES PAID FOR THE BENEFIT OF YALE UNIVERSITY. | GeneralExplanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| COMMON COLLECTIVE TRUSTS | 13322951 | F |
| LIMITED PARTNERSHIPS/JOINT VENTURE INTERESTS | 213589577 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 226912528 | TotalOfBookValueSecurities |
| Total Revenue | 51788048 | TotalRevenue |
| Total Expenses | 28914322 | TotalExpenses |
| Excess Or Deficit For Year | 22873726 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 43880594 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 43880594 | TotalAdjustments |
| Excess Or Deficit Per FS | 66754320 | ExcessOrDeficitPerFS |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | Region |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConducted |
| Total Expenditures | 43372724 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 43372724 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 43372724 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 1 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 1 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | A MEMBER OF SENIOR MANAGEMENT OF YALE UNIVERSITY, TRUSTEE, MET WITH THE UNIVERSITY TAX OFFICE PERSONNEL TO REVIEW 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. | FORM 990, PART VI, SECTION B, LINE 12C | |
| FORM 990, PART VI, SECTION C, LINE 19: 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 531120 531310 531390 623000 713910 721110 900002 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. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 43,880,594. | FORM 990, PART XI, LINE 5: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YALE UNIVERSITY | |||||||||||
| PO BOX 208239 | NEW HAVEN | CT | 065208239 | 060646973 | EDUCATION, RESEARCH, COMMUNITY SERVICE | CT | 501(C)(3) | 2 | N/A | 0 | |
| HEALTH BENEFITS HOLDINGS INC | |||||||||||
| C/O YALE UNIVERSITY PO BOX 208239 | NEW HAVEN | CT | 065208239 | 061559155 | HOLDS INVESTMENTS | CT | 501(C)(2) | N/A | 0 | YALE UNIVERSITY | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |