General Building Laborers-66 Welfare Fund

The General Building Laborers-66 Welfare Fund, designated as a 501(c)(9) Voluntary Employees' Beneficiary Association, is a nonprofit organization in the United States. It is headquartered in Melville, New York, and serves as a healthcare and welfare fund for its members.

Purpose and Benefits

The organization provides a range of benefits to its members, including medical, hospital, supplemental unemployment, and prescription drug coverage[3]. These benefits are managed by representatives from both the union and employers, ensuring comprehensive support for union members.

Financial Overview

As a nonprofit entity, the General Building Laborers-66 Welfare Fund files annual financial reports with the IRS. In recent years, its primary sources of revenue have included program services, with significant contributions from investment income[1]. The fund's expenses are primarily focused on providing benefits to its members, with a small portion allocated to administrative costs such as executive compensation and salaries for other employees[1].

Governance and Structure

The governance of the fund includes trustees from both the union and employer sides, ensuring that decisions are made collaboratively to benefit all stakeholders. Key employees and officers manage the day-to-day operations of the fund[1].

Tax Status

Donations to the General Building Laborers-66 Welfare Fund are not tax-deductible, as it operates under the 501(c)(9) designation, which focuses on providing benefits to members rather than broader charitable activities[1].

Associated Organizations

The General Building Laborers-66 Welfare Fund is associated with Laborers Local 66, a part of the Laborers' International Union of North America. This union provides comprehensive benefits and services to its members, including pension, annuity, and health benefits[2][4].