Overview
What is Ti Retiree Welfare Benefit Trust No 16?
Ti Retiree Welfare Benefit Trust No 16 is a nonprofit organization established to provide retirement health benefits to its members, their dependents, or designated beneficiaries. Based in Dallas, Texas, the Trust adheres to the terms of the agreement and Texas Instruments Retirees Health Benefit Plan. Its primary mission is to offer group medical and/or dental coverage during retirement to eligible U.S. retirees who meet the age and service requirements. Texas Instruments Inc. contributes towards the cost of retiree medical benefits for certain retirees and their dependents, funding this through contributions to the Trust. The Trust's operations are primarily dedicated to providing life, sick, or other benefits to its members.
Is Ti Retiree Welfare Benefit Trust No 16 legitimate?
Ti Retiree Welfare Benefit Trust No 16 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ti Retiree Welfare Benefit Trust No 16 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 Ti Retiree Welfare Benefit Trust No 16?
The Ti Retiree Welfare Benefit Trust No 16 is dedicated to providing group medical and dental coverage during retirement for eligible U.S. retirees who meet certain age and service requirements. Texas Instruments Inc. contributes towards the cost of retiree medical benefits for certain retirees and their dependents. The organization covers retiree health benefits in accordance with the trust agreement and the Texas Instruments Retirees Health Benefit Plan. The primary objective of the Trust is to utilize its operations to provide life, sick, or other benefits to its members, their dependents, or their designated beneficiaries.
Who is the CEO of Ti Retiree Welfare Benefit Trust No 16?
Shannon Freeze-Flory is the Trustee of Ti Retiree Welfare Benefit Trust No 16.
What is the revenue of Ti Retiree Welfare Benefit Trust No 16?
Ti Retiree Welfare Benefit Trust No 16's revenue in 2022 was $138,414.
Who are the executives of Ti Retiree Welfare Benefit Trust No 16 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 Ti Retiree Welfare Benefit Trust No 16?
Ti Retiree Welfare Benefit Trust No 16's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ti Retiree Welfare Benefit Trust No 16
Ti Retiree Welfare Benefit Trust No 16, a retirement welfare organization, is dedicated to providing group medical and dental coverage as a benefit to U.S. retirees who meet specific age and service requirements. Texas Instruments Incorporated (TI) contributes towards the costs of these retirement medical benefits for certain retirees and their dependents. The trust funds its share of such costs through contributions to the VeBA Trusts. According to the trust agreement and Texas Instruments Retirees Health Benefit Plan, the organization will pay out retiree health benefits. The majority of the trust's operations are utilized to provide life, sick, or other benefits to its members, their dependents, or their designated beneficiaries, working in furtherance of its mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Ti Retiree Welfare Benefit Trust No 16 provides significant support for retirees by ensuring they have access to group medical and dental coverage during retirement. By adhering to the terms set forth in the trust agreement and the Texas Instruments Retirees Health Benefit Plan, the trust helps mitigate healthcare costs for retirees, which can be a substantial financial burden.
The organization pays for retiree health benefits, which directly benefits retirees and their dependents, enhancing their quality of life in retirement. This financial assistance allows retirees to manage medical expenses more effectively, providing peace of mind and stability during a critical stage of life.
By contributing to the costs associated with retiree medical benefits, Texas Instruments plays a crucial role in sustaining the wellbeing of its former employees, demonstrating a commitment to their ongoing health and welfare long after their professional careers have ended. This effort is particularly impactful for retirees who meet the age and service requirements, ensuring that those who dedicated years to the company can enjoy their retirement years with essential healthcare support.
This information is meant to be a general summary of Ti Retiree Welfare Benefit Trust No 16. 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: $138,414
- Gross Receipts: $190,180
Assets and Liabilities:
- Total Assets: $4,754,046
- Total Liabilities: $0
- Net Assets: $4,754,046
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2000
Phone
(972) 995-3333Principal Officer
Shannon Freeze-Flory
Main Address
PO BOX 650311 M/S 3905, DALLAS, TX, 75265
NTEE Category
Code: Y43 - Mutual benefit
If you are a representative of Ti Retiree Welfare Benefit Trust No 16 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.