Overview
What is Northwestern University Master Welfare Benefit Trust?
Northwestern University Master Welfare Benefit Trust is a nonprofit organization that offers health insurance benefits to eligible employees and their dependents of the university. The Trust's primary mission is to provide medical coverage for present, separated, and retired university staff. By doing so, it ensures that a wide range of individuals have access to essential healthcare services. The Trust's activities are focused on delivering these benefits, as described in their mission statement and activity description.
Is Northwestern University Master Welfare Benefit Trust legitimate?
Northwestern University Master Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Northwestern University Master Welfare 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $39,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Northwestern University Master Welfare Benefit Trust
Northwestern University Master Welfare Benefit Trust, also known as NU Master Welfare Benefit Trust, is a mission-driven organization committed to extending medical benefits to eligible members of the Northwestern University community. In simpler terms, this trust serves to provide health insurance coverage for current, retired, and separated employees of the university, as well as their qualified dependents.
Established with a clear objective, the NU Master Welfare Benefit Trust strives to ensure that the university family remains healthy and protected. By offering health insurance benefits, the Trust plays a vital role in enhancing the overall well-being of the Northwestern University community. With a strong emphasis on inclusivity, the Trust extends its reach to individuals who have dedicated their professional lives to the University and their family members. The Trust's dedication to the Northwestern University community is unwavering, providing essential health coverage through its extensive network and resources.
The NU Master Welfare Benefit Trust's mission is twofold. On one hand, it focuses on offering medical benefits to the university's present employees, providing them with peace of mind and the necessary resources to maintain their health. On the other hand, the Trust ensures that retired and separated employees, as well as their dependents, continue to enjoy the same level of health coverage they received while actively employed. This comprehensive approach to healthcare benefits not only demonstrates the Trust's commitment to its members but also sets it apart as a vital part of the Northwestern University community.
Impact
This information is meant to be a general summary of Northwestern University Master Welfare Benefit Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Northwestern University Master Welfare Benefit Trust has a direct impact on the health and well-being of the participating members of the VEBA. By providing medical benefits to current, separated, and retired employees of the university, as well as their eligible dependents, the trust ensures access to critical health insurance coverage. This support contributes to the overall quality of life for individuals associated with Northwestern University, supporting their physical and financial well-being.
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.
SPONSOR CONTRIBUTIONS
Revenue
$83,888,801
EMPLOYEE CONTRIBUTIONS
Revenue
$34,391,326
REBATES
Revenue
$6,617,538
BENEFIT RECOVERY
Revenue
$39,496
Organization Details
Founding Year
1981
Phone
(847) 491-8588
Principal Officer
The Northern Trust Compan
Main Address
CO THE NORTHERN TRUST COMPANY, CHICAGO, IL, 60680
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Northwestern University Master Welfare Benefit 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.