Overview
What is The Prudential Voluntary Life Insurance Trust?
The Prudential Voluntary Life Insurance Trust is a charitable entity established to support life insurance benefits for participants and their dependents in The Prudential Welfare Benefits Plan. Based in Newark, New Jersey, this trust serves as a financial resource, ensuring the distribution of life insurance proceeds upon the demise of plan members. The trust's primary mission is to provide financial assistance during challenging times, demonstrating a commitment to the well-being of its beneficiaries.
Is The Prudential Voluntary Life Insurance Trust legitimate?
The Prudential Voluntary Life Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Prudential Voluntary Life Insurance 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 Prudential Voluntary Life Insurance Trust?
The Prudential Voluntary Life Insurance Trust is established with the purpose of funding life insurance benefits for participants and their dependents within the Prudential Welfare Benefits Plan. Its primary activity involves making payments to insurance carriers for the life insurance benefits that are payable to the plan participants and their dependents. In essence, the trust serves as a financial mechanism to ensure that beneficiaries receive the promised life insurance coverage during times of loss.
Who is the CEO of The Prudential Voluntary Life Insurance Trust?
Prudential Trust Co is the Principal Officer of The Prudential Voluntary Life Insurance Trust.
What is the revenue of The Prudential Voluntary Life Insurance Trust?
The Prudential Voluntary Life Insurance Trust's revenue in 2022 was $2.
Who are the executives of The Prudential Voluntary Life Insurance Trust and what are their salaries?
There 3 volunteers at The Prudential Voluntary Life Insurance Trust.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Prudential Voluntary Life Insurance Trust?
The Prudential Voluntary Life Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Prudential Voluntary Life Insurance Trust
The Prudential Voluntary Life Insurance Trust is dedicated to funding life insurance benefits intended for participants and their dependents within the Prudential Welfare Benefits Plan. In simpler terms, this organization serves to provide financial support in the form of life insurance benefits to individuals and their families who are part of the Prudential Welfare Benefits Plan. This support is crucial in providing financial security in the event of the participant's demise. The Trust makes payments to insurance carriers, ensuring that the benefits are duly paid out to the intended recipients.
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
The Prudential Voluntary Life Insurance Trust plays a significant role in providing life insurance benefits to participants and their dependents within the Prudential Welfare Benefits Plan. By funding payments to insurance carriers, it ensures that individuals and their loved ones have access to financial support in the event of unforeseen circumstances. This coverage contributes to the overall well-being and security of participants, allowing them to plan for the future with more confidence. Ultimately, the trust aims to enhance the mutual benefit of all involved, reinforcing the importance of safeguarding financial stability through life insurance.
This information is meant to be a general summary of The Prudential Voluntary Life Insurance 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: $2
- Gross Receipts: $2
Assets and Liabilities:
- Total Assets: $98
- Total Liabilities: $0
- Net Assets: $98
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2016
Phone
(973) 802-4137Principal Officer
Prudential Trust Co
Main Address
751 BROAD STREET 18TH FLOOR, NEWARK, NJ, 07102
NTEE Category
Code: Y20 - Mutual benefit
If you are a representative of The Prudential Voluntary Life Insurance 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.