Established in 1982 by a dozen nonprofits, the 501(c) Agencies Trust is a national organization that assists other nonprofits, like yours, with leaving the state unemployment tax system and becoming reimbursing employers. This transition frees up valuable resources, allowing you to focus more time and funds toward achieving your mission.
Under federal law, 501(c)(3) organizations can choose an alternative to the state unemployment insurance tax system by reimbursing the state for any paid benefits. With the aid of the 501(c) Agencies Trust, you can establish a reserve account that you fully own and grow through conservative investing instead of paying a predetermined state tax rate. This allows organizations to maintain greater control of their finances while earning additional income through investing.
The 501(c) Agencies Trust membership comes with a comprehensive range of services that reduce unemployment risk and decrease the cost associated with employee turnover. In fact, our program saves nearly 1,500 nonprofits an estimated $20 million annually. The services offered through the Trust are specifically tailored to provide critical support to members with the following benefits:
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