Overview
What is M&T Bank Welfare Benefits Trust?
The M&T Bank Welfare Benefits Trust is a nonprofit entity that primarily focuses on providing comprehensive insurance coverage to approximately 1,500 individuals, predominantly retirees. The trust offers various insurance packages, including Medical, Surgical, Major Medical, Dental, and Life Insurance. Their programs encompass benefit payments and managing administrative expenses, ensuring the well-being of those enrolled in their services.
Is M&T Bank Welfare Benefits Trust legitimate?
M&T Bank Welfare Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. M&T Bank Welfare Benefits 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.
Heare 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
What is the mission statement of M&T Bank Welfare Benefits Trust?
The M&T Bank Welfare Benefits Trust is committed to providing Medical/Surgical/Major Medical/Dental & Life Insurance coverage for approximately 1,500 individuals, primarily retirees. Their mission is centered around ensuring the well-being of this group by offering reliable insurance coverage. The trust's activities also include managing benefit payments and administrative expenses related to these insurance programs.
Who is the CEO of M&T Bank Welfare Benefits Trust?
Rajwinder Sanghera is the Director - Benefits & Wellness of M&T Bank Welfare Benefits Trust.
What is the revenue of M&T Bank Welfare Benefits Trust?
M&T Bank Welfare Benefits Trust's revenue in 2022 was $4,233,496.
Who are the executives of M&T Bank Welfare Benefits Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for M&T Bank Welfare Benefits Trust?
M&T Bank Welfare Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of M&T Bank Welfare Benefits Trust
The M&T Bank Welfare Benefits Trust is dedicated to providing essential Medical, Surgical, Major Medical, Dental, and Life Insurance coverage for approximately 1,500 individuals, primarily retirees. This nonprofit organization works to ensure the well-being of its beneficiaries by offering insurance programs and managing related expenses. The programs offered by the M&T Bank Welfare Benefits Trust aim to provide financial security and peace of mind for the individuals it serves.
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Impact
October, 2024
The M&T Bank Welfare Benefits Trust plays a crucial role in the well-being of approximately 1,500 individuals, primarily retirees, by providing essential medical, surgical, major medical, dental, and life insurance coverage. This support significantly enhances the quality of life for its beneficiaries, ensuring they have access to necessary healthcare services and financial security in the face of medical expenses.
By focusing on the specific needs of retirees, the Trust helps ease the transition into retirement, providing peace of mind regarding health-related costs and fostering a sense of community among its members. The programs offered not only cover benefit payments but also encompass administrative support, making it easier for beneficiaries to navigate their insurance needs. As a result, the M&T Bank Welfare Benefits Trust serves as a vital safety net, promoting the health and financial stability of its participants in Buffalo, NY, and beyond.
This information is meant to be a general summary of M&T Bank Welfare Benefits Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $1,077
- Gross Receipts: $4,233,496
Assets and Liabilities:
- Total Assets: $509,879
- Total Liabilities: $0
- Net Assets: $509,879
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Organization Details
Phone
(716) 842-5110Principal Officer
Rajwinder Sanghera
Main Address
One MT Plaza 5th Floor, Buffalo, NY, 14240
NTEE Category
Code: Y40 - Mutual benefit
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