Overview
What is Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust?
The Trustees of the University of Pennsylvania Retiree Medical and Death Benefits Trust is a pension and retirement fund based in Philadelphia, PA, managed by Maryann Piccolo. This nonprofit organization is dedicated to providing medical and death benefits to retired individuals, ensuring their financial security and well-being in their post-career life. The Trust plays a crucial role in offering essential benefits to ease the healthcare burden and provide peace of mind to retirees.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79%, Three-Star out of Four Star rating.
The Trustees Of The University Of Pennsylvania Retiree Medical & Death Benefits Trust has earned a solid three-star rating based on its accountability and finance practices. The organization achieved a score of 79%, indicating a strong commitment to transparency and effective management of resources. Notably, the audit and oversight committee received full points, reflecting diligent financial oversight.
Key strengths include a very low liabilities to assets ratio of 0.01%, which highlights the trust's sound financial health, and a high program expense ratio of 97.29%, suggesting that a significant portion of funds is directed towards fulfilling its mission. Furthermore, the charity has established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, all of which contribute to its accountability.
While the charity demonstrates strong financial practices and governance, the overall rating is derived from a single beacon score, leaving room for potential growth in other evaluation areas. Continued focus on expanding its impact and operational efficiency could enhance its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust legitimate?
Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trustees Of The Univ Of Penna Retiree Med & Death 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
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What is the mission statement of Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust?
The Trustees of the University of Pennsylvania Retiree Medical and Death Benefits Trust is dedicated to providing medical and death benefits to retirees. This trust functions as a pension and retirement fund, ensuring the financial well-being of its beneficiaries in their post-employment years. The Trust's primary focus lies in managing and distributing funds to cover medical expenses and offer financial support to retirees in the event of death. By fulfilling these essential responsibilities, the trust plays a crucial role in securing the health and peace of mind of its retiree members.
Who is the CEO of Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust?
Maryann Piccolo is the Trustee of Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust.
What is the revenue of Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust?
Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust's revenue in 2022 was $68,759,671.
Who are the executives of Trustees Of The Univ Of Penna Retiree Med & Death 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 Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust?
Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust
Trustees of the University of Pennsylvania Retiree Med & Death Benefits Trust is a dedicated organization that fulfills an essential role in the lives of retirees. Its primary mission is to provide medical and death benefits to those who have retired from their employment. Run by Maryann Piccolo, this trust serves as a safety net for retirees, ensuring they receive the necessary support during their golden years.
The Trustees of the University of Pennsylvania Retiree Med & Death Benefits Trust plays a pivotal role in the financial and health security of retirees. By providing medical benefits, it alleviates the financial burden of healthcare expenses, enabling retirees to focus on their well-being. Additionally, the trust offers death benefits, offering peace of mind and financial security to retirees and their families during difficult times.
In summary, Trustees of the University of Pennsylvania Retiree Med & Death Benefits Trust is an indispensable resource for retirees. Its mission to provide medical and death benefits to retirees empowers them to live their retirement years with the security and peace of mind they deserve. Through its unwavering commitment, this trust makes a significant difference in the lives of countless retirees.
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Impact
October, 2024
Trustees Of The Univ Of Penna Retiree Med & Death Benefits Trust significantly impacts the well-being of retirees by ensuring they receive essential medical and death benefits. By managing a dedicated pension and retirement fund, the organization alleviates financial burdens associated with healthcare and end-of-life expenses, promoting a sense of security for former employees of the University of Pennsylvania. Through these services, retirees can focus on their health and quality of life without the added stress of medical costs, contributing to their overall peace of mind during retirement. The trust plays a crucial role in preserving the dignity and financial stability of retirees in Philadelphia and beyond, supporting a mutual benefit for community members who have dedicated their careers to the university.
This information is meant to be a general summary of Trustees Of The Univ Of Penna Retiree Med & Death 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: $36,074,726
- Program Service Revenue: $25,036,686
- Gross Receipts: $68,759,671
Assets and Liabilities:
- Total Assets: $712,800,574
- Total Liabilities: $429,134
- Net Assets: $712,371,440
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$25,036,686
Organization Details
Founding Year
1994
Phone
(215) 503-2684Principal Officer
Maryann Piccolo
Main Address
3451 WALNUT STREET, PHILADELPHIA, PA, 191046221
NTEE Category
Code: Y330 - Mutual benefit
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