Trustees of the Univ of Penna Retiree Med & Death Benefits Tr
Public records show a registered, tax-exempt organization in good standing.
What it says it does
PAYMENT OF MEDICAL AND DEATH BENEFITS TO RETIREES
- Income
- $71.8 million
- Spending
- $51.6 million
- Spent on programs
- 98%
- Reserves
- Over 10 years of spending
- Largest source of income
- fees for its services, 52%
- Employees
- 0
- Volunteers
- 0
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 90 out of 100. Higher than 71% of charities in its peer group (mutual benefit, $10m to $100m).
Reserves
35 of 35Spendable reserves would cover more than ten years of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 28% of income.
Income trend
5 of 15Income fell 13% on the year before.
Spending floor
15 of 1598% of spending went to programs.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 74 out of 100. Higher than 35% of charities in its peer group (mutual benefit, $10m to $100m).
Independent board
0 of 250 of 1 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $50.4 million spent. STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA RETIREE MEDICAL BENEFITS TRUST (THE "RETIREE MEDICAL BENEFITS TRUST") IS AN ORGANIZATION FORMED TO FOSTER AND SUPPORT THE ACTIVITIES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY"). THE UNIVERSITY IS ONE OF THE LEADING RESEARCH AND EDUCATIONAL INSTITUTIONS IN THE UNITED STATES AND IN THE WORLD. IT IS ALSO A NONPROFIT, TAX-EXEMPT ORGANIZATION, AND QUALIFIES AS AN EDUCATIONAL ORGANIZATION DESCRIBED IN SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE. THE RETIREE MEDICAL BENEFITS TRUST FUNCTIONS AS AN INTEGRAL PART OF THE UNIVERSITY AND SERVES THE UNIVERSITY BY RECEIVING FUNDS FROM THE UNIVERSITY, ACCUMULATING THESE FUNDS, AND INVESTING THEM FOR THE BENEFIT OF THE UNIVERSITY. THE UNIVERSITY PROVIDES MEDICAL AND DEATH BENEFITS TO ITS ELIGIBLE RETIRED EMPLOYEES, AND THEIR ELIGIBLE DEPENDENTS, PRINCIPALLY THROUGH GROUP HEALTH AND LIFE INSURANCE BENEFIT PLANS. THE BENEFITS UNDER THE PLANS ARE AVAILABLE TO ALL RETIRED EMPLOYEES OF THE UNIVERSITY WHO MEET THE TIME-IN-SERVICE ELIGIBILITY CRITERIA ESTABLISHED BY THE UNIVERSITY. THE RETIREE MEDICAL BENEFITS TRUST WAS ESTABLISHED IN ORDER TO ENSURE THAT THERE ARE SUFFICIENT ASSETS AVAILABLE FOR THE PAYMENT OF MEDICAL AND DEATH BENEFITS TO ALL ELIGIBLE RETIRED EMPLOYEES OF THE UNIVERSITY AND THEIR DEPENDENTS AND BENEFICIARIES. ACCORDINGLY, THE RETIREE MEDICAL BENEFITS TRUST IS OPERATED AS AN INTEGRAL PART OF THE UNIVERSITY OF PENNSYLVANIA, AND ITS PURPOSES ARE TO: (1) SERVE AS A REPOSITORY OF THE FUNDS TRANSFERRED TO IT BY THE UNIVERSITY OF PENNSYLVANIA; (2) INVEST THESE FUNDS IN ORDER TO PRODUCE INCOME AND CAPITAL APPRECIATION SO THAT THE INCOME AND THE PRINCIPAL CAN BE USED TO FUND THE RETIREE MEDICAL AND DEATH BENEFIT OBLIGATIONS OF THE UNIVERSITY; (3) DISBURSE, ON BEHALF OF THE UNIVERSITY, THE MEDICAL REIMBURSEMENT CLAIMS MADE TO THE UNIVERSITY BY ITS RETIRED FORMER EMPLOYEES, AND WHICH HAVE BEEN APPROVED BY THE UNIVERSITY; AND (4) PAY PREMIUMS ON INSURANCE POLICIES, IF ANY, THAT THE UNIVERSITY ELECTS TO PROCURE TO PROVIDE RETIREE MEDICAL AND DEATH BENEFITS. ------------------------------
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 1994.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
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