University Of Chicago Self Insurance Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363020034 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is University Of Chicago Self Insurance Trust?

The University of Chicago Self Insurance Trust is a self-insurance program established to handle health care claims asserting professional negligence against the University of Chicago and its affiliated entities, including the University of Chicago Medical Center, their employees, and agents. The Trust's primary function involves settling these claims, but it also covers excess insurance premiums for claims exceeding the self-insured retention, along with various other related expenses. These expenses include costs for actuarial services and other miscellaneous expenses. In essence, the Trust serves as a financial resource for managing and resolving professional negligence claims against the University and its associated entities.


Is University Of Chicago Self Insurance Trust legitimate?

University Of Chicago Self Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Chicago Self 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.

Here 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 University Of Chicago Self Insurance Trust?
What is the revenue of University Of Chicago Self Insurance Trust?
Who are the executives of University Of Chicago Self Insurance Trust and what are their salaries?
Where can I find the form 990 for University Of Chicago Self Insurance Trust?

Mission Statement of University Of Chicago Self Insurance Trust

University of Chicago Self Insurance Trust is a self-insurance program established to manage and settle healthcare patient claims that allege professional negligence against the University of Chicago and the University of Chicago Medical Center, as well as their employees and agents. The Trust's primary role is to ensure the financial resolution of such claims, providing payments to cover the related costs.

Additionally, the Trust assumes excess insurance premiums for claims exceeding the self-insured retention. Furthermore, it covers various miscellaneous expenses related to the program, such as actuarial services and other administrative costs. In essence, University of Chicago Self Insurance Trust acts as a financial safety net for the university and medical center in relation to professional negligence claims.

Impact

This information is meant to be a general summary of University Of Chicago Self Insurance Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The University Of Chicago Self Insurance Trust has a direct impact on the settlement of health care patient claims asserting professional negligence against the University of Chicago, the University of Chicago Medical Center, their employees, and agents. By providing a self-insurance program for this purpose, the Trust plays a crucial role in handling and resolving such claims, ensuring financial coverage for liabilities related to professional negligence incidents. This allows the University and its affiliated entities to manage risk and protect their financial resources while also upholding their commitment to patients and the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $16,607,158
  • Program Service Revenue: $0
  • Gross Receipts: $16,607,158

    • Assets and Liabilities:
  • Total Assets: $330,604,260
  • Total Liabilities: $271,044,399
  • Net Assets: $59,559,861
  • Organization Details

    Founding Year

    1979

    Main Address

    6054 S Drexel Avenue, Chicago, IL, 60637

    NTEE Category

    Code: Y200 - Mutual benefit

    If you are a representative of University Of Chicago Self 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.