Overview
What is Massachusetts Institute Of Technology Welfare Benefit Plans Trust?
The Massachusetts Institute of Technology Welfare Benefit Plans Trust is a nonprofit organization based in Cambridge, Massachusetts, specifically located at 77 Massachusetts Avenue, NE49-3142. Its main purpose is to offer medical and life insurance benefits to eligible retirees of the Massachusetts Institute of Technology, along with medical coverage for individuals receiving long-term disability benefits for a minimum of three years. The Trust covers approximately 7,155 individuals under its health and life insurance programs.
Is Massachusetts Institute Of Technology Welfare Benefit Plans Trust legitimate?
Massachusetts Institute Of Technology Welfare Benefit Plans Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Institute Of Technology Welfare Benefit Plans Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Mission Statement of Massachusetts Institute Of Technology Welfare Benefit Plans Trust
The Massachusetts Institute Of Technology Welfare Benefit Plans Trust is a mission-driven organization that aims to extend health and life insurance coverage to eligible retirees of the Massachusetts Institute of Technology (MIT) and their dependents. Additionally, the Trust offers medical benefits to individuals who have been receiving long-term disability benefits for a minimum of three years. These benefits serve approximately 7155 individuals under the MIT Welfare Benefit Plans Trust.
Established with a commitment to providing essential coverage for its members, the Trust focuses on enhancing the wellbeing of retired employees from MIT. By offering comprehensive health and life insurance plans, the organization ensures that its beneficiaries can access necessary medical services and maintain financial security during their retirement years. The Trust's dedication extends beyond retirees, as individuals who have relied on long-term disability benefits for an extended period also become eligible for these important benefits.
In essence, the Massachusetts Institute Of Technology Welfare Benefit Plans Trust acts as a safety net for its members, offering them peace of mind and protection as they navigate the transitions of retirement or extended disability. Through its provisions, the organization demonstrates a strong commitment to the wellbeing and overall welfare of its covered individuals, fostering a sense of security and stability within the community it serves.
Impact
This information is meant to be a general summary of Massachusetts Institute Of Technology Welfare Benefit Plans Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Massachusetts Institute Of Technology Welfare Benefit Plans Trust's impact includes providing essential health and life insurance benefits to covered eligible retirees of Massachusetts Institute of Technology and their dependents, as well as individuals receiving long-term disability benefits for at least three years. Approximately 7,155 individuals were covered under the trust, receiving medical and life insurance benefits for retirees and medical benefits for those on long-term disability. This trust plays a crucial role in ensuring the well-being and security of these individuals who have dedicated their careers to the institution.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer's Contributions
Retiree Contributions
Revenue
$9,964,000
Employer Group Waiver Plan
Revenue
$10,197,000
Other Income
Revenue
$61,000
Organization Details
Founding Year
1992
Phone
(617) 258-9884
Main Address
77 Massachusetts Avenue NE49-3142, Cambridge, MA, 02139
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Massachusetts Institute Of Technology Welfare Benefit Plans Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.