Overview
What is Truist Financial Corporation Retiree Life?
Truist Financial Corporation Retiree Life is a trust established with the aim of providing life insurance coverage to retired employees of Truist Financial Corporation. This trust serves as a means of financial security for these individuals, ensuring they are protected even after their retirement from the corporation. The trust's primary mission is focused on this specific purpose, offering peace of mind to its beneficiaries.
Is Truist Financial Corporation Retiree Life legitimate?
Truist Financial Corporation Retiree Life is a legitimate nonprofit organization registered as a 501(c)(9) entity. Truist Financial Corporation Retiree Life 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
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What is the mission statement of Truist Financial Corporation Retiree Life?
The mission of Truist Financial Corporation Retiree Life is centered around providing life insurance coverage to its retired employees. This organization is dedicated to ensuring the financial security of its retired workforce by offering them life insurance as a benefit. This mission serves as a testament to Truist Financial Corporation's commitment to its employees, even in their post-retirement phase. The primary goal is to offer peace of mind to its retired employees and their families, knowing that they have adequate life insurance coverage.
What is the revenue of Truist Financial Corporation Retiree Life?
Truist Financial Corporation Retiree Life's revenue in 2023 was -$614,259.
Who are the executives of Truist Financial Corporation Retiree Life 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 Truist Financial Corporation Retiree Life?
Truist Financial Corporation Retiree Life's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Truist Financial Corporation Retiree Life
Truist Financial Corporation Retiree Life, as its name suggests, is a dedicated entity whose primary mission is to extend life insurance coverage to the retired employees of Truist Financial Corporation. This organization is committed to providing a vital safety net for these individuals, ensuring they have peace of mind during their retirement years. By offering life insurance, Truist Financial Corporation Retiree Life seeks to alleviate the financial burden that can often accompany the end of a career, providing a sense of security and stability.
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Impact
October, 2024
Truist Financial Corporation Retiree Life provides essential life insurance coverage to retired employees, offering them financial security and peace of mind in their post-employment years. This initiative ensures that retirees have support for their beneficiaries, helping to alleviate concerns over financial burdens in the event of their passing. By focusing on the needs of retired employees, Truist Financial Corporation Retiree Life plays a key role in promoting mutual benefits for both the retirees and their families, reinforcing a sense of community and care among former employees. Its presence in Orlando, FL, demonstrates a commitment to the well-being of those who have dedicated years to the organization, contributing to their overall quality of life and security during retirement.
This information is meant to be a general summary of Truist Financial Corporation Retiree Life. 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 2023.
- Investment Income: $283,169
- Gross Receipts: $16,374,044
Assets and Liabilities:
- Total Assets: $12,977,152
- Total Liabilities: $0
- Net Assets: $12,977,152
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Organization Details
Founding Year
2001
NTEE Category
Code: Y43 - Mutual benefit
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