Overview
What is University Of B C Pension Plan For Members Of The Academic Staff?
The University of B C Pension Plan for Members of the Academic Staff is a nonprofit organization that primarily focuses on providing retirement, termination, and death benefits to academics and administrative executives of the University. Based in Vancouver, British Columbia, Canada, the plan accepts contributions from members, the University, and additional voluntary contributions, as well as transfers from other plans to generate revenues. Their mission is to serve and support the academic and administrative staff of the University, ensuring financial security and peace of mind in their later years.
Official website here: www.faculty.pensions.ubc.ca/
Is University Of B C Pension Plan For Members Of The Academic Staff legitimate?
University Of B C Pension Plan For Members Of The Academic Staff is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of B C Pension Plan For Members Of The Academic Staff 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: $383,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $891,477
For more financial information, click here
Official website here: www.faculty.pensions.ubc.ca/
What is the mission statement of University Of B C Pension Plan For Members Of The Academic Staff?
The University of B C Pension Plan for Members of the Academic Staff, referred to as the Faculty Pension Plan (FPP), is designed to support academics and administrative executives within the University. Its primary role is to offer retirement, termination, and death benefits to those who are eligible. The FPP aims to provide financial security and peace of mind to its members during their academic careers and beyond. The plan relies on contributions from members, the University, and additional voluntary contributions, as well as transfers from other plans, to generate the necessary revenues to cover benefit payments.
Official website here: www.faculty.pensions.ubc.ca/
Who is the CEO of University Of B C Pension Plan For Members Of The Academic Staff?
Derrick Johnstone is the Executive Director, Investments of University Of B C Pension Plan For Members Of The Academic Staff.
Official website here: www.faculty.pensions.ubc.ca/
What is the revenue of University Of B C Pension Plan For Members Of The Academic Staff?
University Of B C Pension Plan For Members Of The Academic Staff's revenue in 2022 was $272,126,803.
Official website here: www.faculty.pensions.ubc.ca/
Who are the executives of University Of B C Pension Plan For Members Of The Academic Staff and what are their salaries?
- Kamila Giesbrecht (Executive Director, Investments)
- Orla Cousineau (Executive Director, Pensions (Retired Aug 2022))
- Derrick Johnstone (Executive Director, Pensions (Hired July 2022))
- Kenneth Carty (Chair, Board Of Trustees)
- Robert Heinkel (Vice Chair, Board Of Trustees)
- Pam Ratner (Trustee)
- Joy Begley (Trustee)
- Lorenzo Garlappi (Trustee)
- Martin Comyn (Trustee)
- Murray Carlson (Trustee)
- Joyce Boon (Trustee)
Official website here: www.faculty.pensions.ubc.ca/
Where can I find the form 990 for University Of B C Pension Plan For Members Of The Academic Staff?
The University Of B C Pension Plan For Members Of The Academic Staff’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.faculty.pensions.ubc.ca/
Learn more at the official website: www.faculty.pensions.ubc.ca/
Mission Statement of University Of B C Pension Plan For Members Of The Academic Staff
The University of BC Pension Plan for Members of the Academic Staff, commonly known as the Faculty Pension Plan (FPP), is a vital organization that caters to the retirement and benefit needs of academics and administrative executives within the University. Its mission is geared towards securing the financial future of these individuals through the provision of retirement, termination, and death benefits.
In essence, the Faculty Pension Plan functions as a safety net, offering a sense of security and peace of mind to its members. It ensures that academics and administrative executives can look forward to a stable and comfortable retirement, knowing that their financial needs will be met during their golden years. Moreover, in the unfortunate event of termination or death, the FPP offers essential benefits that can provide much-needed financial support to its members and their families.
The Faculty Pension Plan derives its funding from multiple sources. Members make contributions, which include both mandatory and voluntary payments, while the University also contributes a significant portion of the revenue. The Plan also receives funds from transfers from other pension plans. With these resources, the FPP is able to meet its financial obligations, ensuring the well-being of its members during various stages of their professional lives.
In summary, the University of BC Pension Plan for Members of the Academic Staff, or the Faculty Pension Plan, serves a crucial role in the lives of academics and administrative executives at the University. Its mission is to provide retirement, termination, and death benefits, thereby securing the financial future of its members and offering peace of mind. The Plan's sustainable revenue model, which relies on contributions from members and the University, enables it to fulfill its mission effectively.
Impact
This information is meant to be a general summary of University Of B C Pension Plan For Members Of The Academic Staff. 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 B C Pension Plan For Members Of The Academic Staff, also known as the Faculty Pension Plan (FPP), has a significant impact on the financial security and well-being of academics and administrative executives at the University. By providing retirement, termination, and death benefits to its members, the plan plays a crucial role in supporting the long-term financial stability of individuals within the academic community.
Through the payment of benefits for retirees or terminated members, the plan ensures that members can retire with dignity and financial security. This not only benefits the individual members but also contributes to the overall stability of the academic workforce, helping to retain experienced and talented professionals within the university community.
Additionally, the revenues generated through members' contributions, university contributions, members' additional voluntary contributions, and transfers from other plans contribute to the sustainability of the plan and its ability to fulfill its mission of providing essential benefits to members. By ensuring that the plan remains financially sound, it can continue to serve as a valuable resource for academic staff seeking to secure their financial future.
Overall, the University Of B C Pension Plan For Members Of The Academic Staff has a positive impact on the lives of its members by providing essential retirement and termination benefits, contributing to their financial security, and supporting the retention of skilled professionals within the academic community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Members' contributions
Revenue
$26,168,677
University's contributions
Revenue
$52,566,652
Members' additional voluntary contributions
Revenue
$1,251,038
Transfer from other plans
Revenue
$5,643,514
Organization Details
Founding Year
1967
Phone
(604) 822-8986
Principal Officer
Derrick Johnstone
Website
www.faculty.pensions.ubc.ca/
NTEE Category
Code: Y30 - Mutual benefit
If you are a representative of University Of B C Pension Plan For Members Of The Academic Staff 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.