Overview
What is New York University School Of Medicine Veba Trust?
New York University School of Medicine Veba Trust is a voluntary, nonprofit entity established to support post-retirement healthcare benefits for eligible participants and their dependents. Based in New York City, the trust manages assets invested by trustees or appointed investment managers, with the sole purpose of funding medical and prescription drug coverage for retirees from NYU Grossman School of Medicine and its affiliates. The trust's resources can only be utilized for the payment of benefits under the plan and associated expenses. This philanthropic organization aims to enhance the well-being of retired faculty and staff by ensuring they maintain access to necessary healthcare services after their employment.
Is New York University School Of Medicine Veba Trust legitimate?
New York University School Of Medicine Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. New York University School Of Medicine 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: $5,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of New York University School Of Medicine Veba Trust?
The New York University School of Medicine Veba Trust's primary mission is to fund the post-retirement healthcare benefits, specifically medical and prescription drug coverage, for eligible participants and their dependent beneficiaries. This trust, which is voluntary for retired employees of NYU Grossman School of Medicine and its affiliates, holds assets that are invested and used solely for the payment of benefits under the New York University School of Medicine Employee Benefit Plan and any related expenses. The trust's activities aim to provide financial support for the healthcare needs of its eligible participants after retirement.
Who is the CEO of New York University School Of Medicine Veba Trust?
Daniel J Widawsky is the Trustee of New York University School Of Medicine Veba Trust.
What is the revenue of New York University School Of Medicine Veba Trust?
New York University School Of Medicine Veba Trust's revenue in 2022 was $6,852,310.
Who are the executives of New York University School Of Medicine Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,250
- Related: $0
- Other: $0
Where can I find the form 990 for New York University School Of Medicine Veba Trust?
New York University School Of Medicine Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New York University School Of Medicine Veba Trust
The New York University School of Medicine Veba Trust is established with a mission to fund post-retirement health care benefits for eligible participants. Specifically, this trust provides medical and prescription drug coverage to eligible retirees of NYU Grossman School of Medicine and its affiliates, as well as their dependent and beneficiary individuals under the New York University School of Medicine Employee Benefit Plan. Participation in this trust is voluntary, and the trust holds assets that are invested by the trustee or appointed investment managers, following the terms of the Veba Trust Agreement. The assets of the trust can only be utilized for the payment of benefits under the plan and for reasonable expenses related to it.
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Impact
October, 2024
The New York University School of Medicine VEBA Trust plays a crucial role in supporting the healthcare needs of retired employees and their eligible dependents. By focusing on funding post-retirement health care benefits, the Trust ensures that retirees have access to essential medical and prescription drug coverage.
This financial support not only alleviates the burden of healthcare costs for retired employees but also contributes to their overall well-being during retirement. The Trust operates by managing and investing assets specifically reserved for these benefits, ensuring that funds are available when needed. Its mission underscores the commitment to the long-term health and security of those who dedicated their careers to the NYU Grossman School of Medicine and its affiliates. Through this structured approach, the VEBA Trust enhances the quality of life for retirees, ultimately fostering a supportive community.
This information is meant to be a general summary of New York University School Of Medicine 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: $1,931,150
- Program Service Revenue: $4,921,160
- Gross Receipts: $11,708,395
Assets and Liabilities:
- Total Assets: $10,302,402
- Total Liabilities: $0
- Net Assets: $10,302,402
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$4,921,160
Organization Details
Founding Year
2008
Phone
(212) 263-3092Principal Officer
Daniel J Widawsky
Main Address
550 FIRST AVENUE, NEW YORK, NY, 10016
NTEE Category
Code: Y43 - Mutual benefit
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