The Procter & Gamble Retiree Benefit Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311383353 ✦ Cincinnati, OH ✦ Designated as a 501(c)(9)

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Overview

What is The Procter & Gamble Retiree Benefit Trust?

The Procter & Gamble Retiree Benefit Trust, located in Cincinnati, Ohio, is a nonprofit organization dedicated to providing medical benefits for retired employees of the U.S. Procter & Gamble Company. This trust's primary mission is to ensure the well-being of retired employees by offering them essential healthcare services. With a solid commitment to its cause, the organization strives to maintain the health and well-being of those who have worked for the U.S. Procter & Gamble Company, contributing to their overall quality of life during their post-employment years.

Is The Procter & Gamble Retiree Benefit Trust legitimate?

The Procter & Gamble Retiree Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Procter & Gamble Retiree Benefit 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 The Procter & Gamble Retiree Benefit Trust?

The Procter & Gamble Retiree Benefit Trust is dedicated to providing medical benefits for retired employees of the U.S. Procter & Gamble Company. This mission is carried out by funding and administering healthcare plans that ensure the wellbeing of these retirees. By offering medical coverage, the Trust helps retired employees maintain their health and continue to live comfortably in their post-career years. The organization's goal is to provide peace of mind and security for its beneficiaries as they transition into retirement. Through its commitment to retiree healthcare, the Trust demonstrates a strong dedication to the welfare of its members.

Who is the CEO of The Procter & Gamble Retiree Benefit Trust?

Kevin Whitham is the Investment Committee Membe of The Procter & Gamble Retiree Benefit Trust.

What is the revenue of The Procter & Gamble Retiree Benefit Trust?

The Procter & Gamble Retiree Benefit Trust's revenue in 2022 was $181,903,633.

Who are the executives of The Procter & Gamble Retiree Benefit Trust and what are their salaries?


Here are 4 key members and their salaries:


Kevin Whitham (Investment Committee Membe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Janzaurk (Investment Committee Membe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colleen Helker (Investment Committee Membe)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Northern Trust Company (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Procter & Gamble Retiree Benefit Trust?

The Procter & Gamble Retiree Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Procter & Gamble Retiree Benefit Trust

The Procter & Gamble Retiree Benefit Trust is a dedicated organization that focuses on providing essential medical benefits to retired employees of the Procter & Gamble Company in the United States. In simple terms, its mission is to ensure the well-being of these retirees by covering their healthcare needs.

Established with a clear purpose, this trust aims to alleviate the financial burden of healthcare costs for the retired employees of Procter & Gamble. By administering retiree medical benefits, the Trust enables these individuals to maintain their health and quality of life during their post-career years. The organization's unwavering commitment to this cause is evident in its consistent efforts to fund and manage these benefits for the beneficiaries.

The Procter & Gamble Retiree Benefit Trust plays a vital role in the lives of countless retired Procter & Gamble employees, providing them with peace of mind and security as they transition into retirement. The organization's dedication to its mission is a testament to Procter & Gamble's commitment to its employees, extending beyond their active employment. Through its work, the Trust ensures that the health needs of retired Procter & Gamble employees are met, enabling them to enjoy their retirement years with dignity and financial stability.

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Impact




October, 2024

The Procter & Gamble Retiree Benefit Trust plays a vital role in ensuring the well-being of retired employees from the U.S. Procter & Gamble Company by funding their medical benefits. By providing financial resources for healthcare, the Trust helps alleviate the burden of medical costs, allowing retirees to maintain a quality standard of living in their post-employment years. This support not only enhances the retirees' quality of life but also strengthens the bond and loyalty of the workforce throughout their careers. The Trust's focus on retiree medical benefits reflects a commitment to the long-term welfare of those who contributed to the company's success, fostering a sense of security and appreciation among former employees. Located in Cincinnati, Ohio, the Trust underscores the importance of mutual benefit, ensuring that retirees can access necessary medical care without undue financial stress.




This information is meant to be a general summary of The Procter & Gamble Retiree Benefit 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.

Revenue
$181,903,633 (2022)
Expenses
$190,264,543 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $23,769
  • Program Service Revenue: $181,879,864
  • Gross Receipts: $181,903,633

Assets and Liabilities:

  • Total Assets: $18,467,431
  • Total Liabilities: $1,665,345
  • Net Assets: $16,802,086

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONTRIBUTIONS

Revenue

$181,879,864

Organization Details

Founding Year

1993

Principal Officer

Kevin Whitham

Main Address

TWO PROCTER GAMBLE PLAZA, CINCINNATI, OH, 45202

NTEE Category

Code: Y40 - Mutual benefit

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