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    <Timestamp>2011-05-10T08:43:50-07:00</Timestamp>
    <TaxPeriodEndDate>2010-06-30</TaxPeriodEndDate>
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        <BusinessNameLine1>SHANDS TEACHING HOSPITALS &amp; CLINICS INC</BusinessNameLine1>
      </PreparerFirmBusinessName>
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        <City>GAINESVILLE</City>
        <State>FL</State>
        <ZIPCode>326100336</ZIPCode>
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    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2009-07-01</TaxPeriodBeginDate>
    <Filer>
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      <Name>
        <BusinessNameLine1>SHANDS EMPLOYEES BENEFITS TRUST PLAN</BusinessNameLine1>
        <BusinessNameLine2>fka SHANDS TEACHING HOSPITAL AND CLINICS</BusinessNameLine2>
      </Name>
      <NameControl>SHAN</NameControl>
      <Phone>3522657949</Phone>
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        <State>FL</State>
        <ZIPCode>32610</ZIPCode>
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    </Filer>
    <Officer>
      <Name>Janet Christie</Name>
      <Title>Vice President</Title>
      <DateSigned>2011-05-10</DateSigned>
    </Officer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>The Form 990 is available to the public upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <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>
      </GeneralExplanation>
      <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>
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          <AddressLine1>PO BOX 100362</AddressLine1>
          <City>GAINESVILLE</City>
          <State>FL</State>
          <ZIPCode>326100362</ZIPCode>
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        <PrimaryActivities>SENIOR SERVICES</PrimaryActivities>
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        <PublicCharityStatus>3</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>Shands Teaching Hospital and Clinics In</BusinessNameLine1>
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          <BusinessNameLine1>University of Florida</BusinessNameLine1>
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          <AddressLine1>226 Tigert Hall</AddressLine1>
          <City>Gainesville</City>
          <State>FL</State>
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        <EIN>596002052</EIN>
        <PrimaryActivities>Education</PrimaryActivities>
        <LegalDomicileState>FL</LegalDomicileState>
        <ExemptCodeSection>115</ExemptCodeSection>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Shands Lake Shore</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 100362</AddressLine1>
          <City>Gainesville</City>
          <State>FL</State>
          <ZIPCode>326100362</ZIPCode>
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        <EIN>592699965</EIN>
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        <LegalDomicileState>FL</LegalDomicileState>
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        <PublicCharityStatus>3</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>Shands Teaching Hospital and Clinics In</BusinessNameLine1>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
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        <AddressUS>
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          <City>GAINESVILLE</City>
          <State>FL</State>
          <ZIPCode>326100362</ZIPCode>
        </AddressUS>
        <EIN>591943502</EIN>
        <PrimaryActivities>HOSPITAL</PrimaryActivities>
        <LegalDomicileState>FL</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>3</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>UNIVERSITY OF FLORIDA</BusinessNameLine1>
        </DirectControllingEntityName>
      </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>true</OtherTransferFromOtherOrg>
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  </ReturnData>
</Return>