Created by Nonprofits, For Nonprofits
The Unemployment Services Trust was created in 1983 by a group of nonprofits looking to take advantage of the unemployment alternative exclusive to 501(c)(3)s. Enacted in 1972, federal law entitles 501(c)(3) organizations to opt out of their state’s unemployment insurance tax system (SUTA/SUI) and instead reimburse the state only when they have an unemployment claim. UST helps nonprofits exercise this alternative the right way, saving them thousands annually.
As a grantor trust, UST is owned by its participating nonprofits. These nonprofits come from all sectors across 48 states, and range in size from an average 10 full-time employees up to 1,000+ full-time employees.
Does your organization qualify for the UST program?
- Is your organization a 501(c)(3)?
- Do you have 10 or more employees?
- Have you had a fairly stable history of unemployment claims?
If you said “Yes” to the above, you most likely qualify for participation. Find out for sure today.
Currently paying unemployment taxes? For organizations that have not yet opted out of their state’s unemployment tax, UST provides a 2-year savings projection compared to their state tax rate, and files the state paperwork on their behalf to become a “reimbursing employer” when they elect to join UST.
Already reimbursing? For nonprofits that have already exercised their right to become a reimbursing employer, UST provides a 2-year claims projection and cash-flow analysis, along with an overview of each of the turnkey benefits they’ll receive as part of UST’s supported reimbursing program: 1) complete claims administration, 2) asset protection, and 3) HR hotline.