Employee After Tax Contribution VEBA Trust for Harvey Mudd College

Overview

The Employee After Tax Contribution VEBA Trust for Harvey Mudd College is a nonprofit organization established to provide benefits to the former employees of Harvey Mudd College and their dependents. VEBA (Voluntary Employees' Beneficiary Association) trusts are primarily used for providing health benefits or other welfare benefits to employees.

Mission

The primary mission of this trust is to ensure that retirees and their families receive necessary benefits, particularly focusing on health benefits. While the main purpose is to provide retiree health benefits, other benefits may also be included within the scope of the trust.

Structure and Status

This organization is not a typical operating charity but rather a trust that operates under specific tax rules. As a VEBA trust, it is classified under the category of employees associations and is recognized as a 501(c)(9) organization, which allows it to operate with certain tax exemptions related to its purpose of providing benefits to its members.

Relationship with Harvey Mudd College

The trust is associated with Harvey Mudd College, a liberal arts college known for its STEM and liberal arts curriculum. The college's commitment to its employees is reflected in the establishment of this trust, which ensures a level of financial security for past employees and their families.

Operational Details

While specific operational details such as the management structure or financial activities are not widely disclosed, the presence of such a trust indicates a commitment by Harvey Mudd College to support its former staff members beyond their employment. The trust's activities are likely overseen by a governing board that ensures compliance with regulatory requirements and manages the distribution of benefits.

Conclusion

The Employee After Tax Contribution VEBA Trust for Harvey Mudd College represents an example of a structured approach to providing post-employment benefits. Such trusts are integral for institutions seeking to maintain a strong relationship with their retirees and support their well-being beyond active employment.

[1] https://www.hmc.edu/giving/planned-giving/legacy-society/ [2] https://www.hmc.edu [3] https://www.guidestar.org/profile/04-3838474 [4] https://app.candid.org/profile/8556870 [5] https://projects.propublica.org/nonprofits/organizations/43838454