UST is owned by its over 1,900 participating organizations and assets of 54 million. Elected Trustees , who are CEOs or CFOs of member organizations, govern the trust. The sole purpose of UST is to provide nonprofits with a safe, cost-effective alternative to paying state unemployment taxes. Organizations opt out of the state unemployment system, and make quarterly contributions directly to the Trust. The Trust handles claims payments directly on their behalf.
Most nonprofits do benefit from participation.
The ideal organization has 10 or more employees. UST's sole mission is to minimize unemployment tax costs for its members. UST's membership is diverse - across the country, and by type of organization. UST's operating expenses, as a percent of contributions, are the lowest of ANY national trust. Just call, FAX, or e-mail us to receive a Request For Quote form, and more information.