TIN:
SCHEDULE O
(Form 990)
Department of the Treasury
Internal Revenue Service
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Inspection
Name of the organization
HOWARD HUGHES MEDICAL INSTITUTE RETIREE WELFARE BENEFIT PLAN TRUST
Employer identification number
83-6900635
83-6900635
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 1a TOTAL NUMBER OF OFFICERS, DIRECTORS, AND TRUSTEES PERMITTED TO VOTE | THE TRUST OPERATES FOR THE EXCLUSIVE PURPOSE OF PROVIDING RETIREE WELFARE BENEFITS TO ELIGIBLE RETIREES OF HHMI, THE PLAN SPONSOR. THE TRUST DOES NOT OPERATE INDEPENDENTLY WITH RESPECT TO CONDUCTING BUSINESS AND, AS SUCH, DOES NOT HOLD BOARD MEETINGS. ALL ADMINISTRATIVE ACTIVITIES INVOLVED WITH RESPECT TO THE TRUST ARE HANDLED BY THE TRUSTEE, THE PLAN SPONSOR AND PLAN INVESTMENT FIDUCIARIES. |
| Form 990, Part VI, Line 3 Delegation of management duties | TIAA FSB SERVES AS TRUSTEE FOR THE VEBA AND IS RESPONSIBLE FOR PROVIDING ALL DAY TO DAY TRUST ADMINISTRATION SERVICES REQUIRED FOR THE PROPER ADMINISTRATION OF THE TRUST. EMPLOYEES OF HHMI (THE PLAN SPONSOR), FORM THE TRUST'S INVESTMENT FIDUCIARY COMMITTEE. THIS COMMITTEE HAS THE AUTHORITY TO MANAGE THE INVESTMENT OF ASSETS HELD IN THE VEBA TRUST. |
| Form 990, Part VI, Line 9 Interested person not at organization's address | THE TRUSTEE CANNOT BE REACHED AT THE ORGANIZATION'S MAILING ADDRESS. THEIR MAILING ADDRESS IS: TIAA FSB 211 NORTH BROADWAY, SUITE 1000 ST LOUIS, MO 63102 |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE TAX DEPARTMENT OF HHMI, THE PLAN SPONSOR, PREPARES A DRAFT FORM 990 BASED ON DATA REPORTED IN THE FINANCIAL STATEMENTS. THE DRAFT RETURN IS REVIEWED BY THE VEBA'S OUTSIDE TAX PREPARER. THE COMPLETED FORM 990 IS PROVIDED TO THE TRUSTEE FOR REVIEW PRIOR TO THE FILING DUE DATE. THE DATA IS REVIEWED AGAINST SOURCE DOCUMENTS FOR ACCURACY BEFORE THE FORM 990 IS SIGNED AND SUBMITTED TO THE IRS. |
| Form 990, Part VI, Line 19 Required documents available to the public | GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE UPON REQUEST. |
| Form 990, Part VII, Section A, Line 1a COMPENSATION INFORMATION | TIAA FSB RECEIVED ADDITIONAL INDIRECT COMPENSATION FOR ITS SERVICES AS TRUSTEE. TIAA FSB HAS PROVIDED ALL THE REQUIRED DISCLOSURES PURSUANT TO ERISA SECTION 408(B)(2). |
| Form 990, Part VII, Section A, Line 1a, Column (B) AVERAGE HOURS PER WEEK DEVOTED TO ORGANIZATION | AS TRUSTEE, TIAA FSB HAS PROVIDED VARIOUS ADMINISTRATIVE SERVICES TO THE TRUST, SUCH AS ADMINISTERING THIS BENEFIT PLAN. THESE SERVICES REQUIRE THE INVOLVEMENT OF NUMEROUS INDIVIDUAL EMPLOYEES IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CAN NOT BE QUANTIFIED ON AN HOURLY BASIS, BUT INSTEAD ARE IN ACCORDANCE WITH THE TRUST AGREEMENTS WITH HOWARD HUGHES MEDICAL INSTITUTE. |
| FORM 990, PART VI, SECTION B, LINES 12-15 GOVERNANCE AND POLICIES | THE TRUST IS A VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION PURSUANT TO IRC SECTION 501(C)(9). ITS TRUSTEE HAS A FIDUCIARY DUTY TO MANAGE INVESTMENTS IN THE BEST INTEREST OF THE BENEFICIARIES AND OPERATE PURSUANT TO A STRINGENT CODE OF CONDUCT. SINCE THE TRUST DOES NOT MAINTAIN EMPLOYEES, THERE ARE NO PROCESSES IN PLACE RELATED TO EMPLOYEE COMPENSATION. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021
Additional Data
| Software ID: | 22016089 |
| Software Version: | 2022v5.0 |