Overview
What is The Ford Foundation Veba Trust?
The Ford Foundation Veba Trust is a nonprofit organization, specifically a Voluntary Employees' Beneficiary Association, based in New York City, New York. Its primary mission is to provide comprehensive benefits, including medical, dental, and life insurance, to eligible retirees of the Ford Foundation and their dependents. This trust serves as a safety net, ensuring these retirees maintain a certain level of financial stability and healthcare coverage in their post-employment phase.
Is The Ford Foundation Veba Trust legitimate?
The Ford Foundation Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Ford Foundation Veba 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: $82,883
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Ford Foundation Veba Trust?
The Ford Foundation Veba Trust serves as a voluntary employees' beneficiary association, primarily focused on providing medical, dental, and life benefits for eligible retirees of the Ford Foundation and their dependents. Its primary mission is to ensure the well-being of these retirees by offering comprehensive medical, dental, and life insurance coverage. The Ford Foundation Veba Trust finances this retirement welfare plan through the Ford Foundation, providing medical and dental insurance for the foundation's retirees and their eligible dependents. Additionally, the plan offers life insurance for retirees, with benefits paid to the beneficiaries named by the retiree.
Who is the CEO of The Ford Foundation Veba Trust?
Depelsha Mcgruder is the Trustee of The Ford Foundation Veba Trust.
What is the revenue of The Ford Foundation Veba Trust?
The Ford Foundation Veba Trust's revenue in 2022 was $1,911,781.
Who are the executives of The Ford Foundation Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $106,574
- Related: $0
- Other: $0
Where can I find the form 990 for The Ford Foundation Veba Trust?
The Ford Foundation Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Ford Foundation Veba Trust
The Ford Foundation Veba Trust is a voluntary employees' beneficiary association with a primary purpose of providing comprehensive medical, dental, and life benefits to eligible retirees of the Ford Foundation and their dependents. Established as a component of the Ford Foundation Retiree Welfare Plan, this nonprofit organization is funded by the Ford Foundation and serves to ensure the well-being of its retirees by offering medical and dental insurance, as well as providing life insurance coverage with named beneficiaries. The Ford Foundation Veba Trust plays a crucial role in safeguarding the health and financial security of its retirees, thereby demonstrating its commitment to the welfare of its former employees.
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Impact
October, 2024
The Ford Foundation Veba Trust significantly impacts eligible retirees by providing essential medical, dental, and life benefits, ensuring financial security and access to healthcare during retirement. Through the Ford Foundation Retiree Welfare Plan, the trust covers a wide range of health-related expenses, alleviating the burden of medical costs for retirees and their dependents. This support fosters peace of mind for retirees, allowing them to focus on their well-being without the stress of unexpected healthcare expenses. Additionally, the inclusion of life insurance benefits provides an added layer of security, ensuring that retirees' beneficiaries are financially supported after their passing. By prioritizing the health and welfare of its retirees, the Ford Foundation Veba Trust plays a vital role in enhancing the quality of life for those who dedicated their careers to the foundation's mission.
This information is meant to be a general summary of The Ford Foundation Veba 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: $1,911,781
- Gross Receipts: $5,255,505
Assets and Liabilities:
- Total Assets: $33,718,766
- Total Liabilities: $473,709
- Net Assets: $33,245,057
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Organization Details
Founding Year
2009
Phone
(212) 573-4780Principal Officer
Depelsha Mcgruder
Main Address
320 EAST 43RD STREET, NEW YORK, NY, 10017
NTEE Category
Code: Y43 - Mutual benefit
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