June 09, 2023
Celebrating 40 Years of UST!
UST has been on the front lines of supporting the nonprofit sector with effective workforce solutions that reduce costs and strengthen their missions for four decades. Throughout our journey, UST has built a reputation for providing innovative solutions and excellent customer service to our 2,200+ nonprofit members—working tirelessly to help nonprofits build strong, effective workforces that support their mission-critical initiatives while also saving valuable time and money.
One of the reasons UST has been so successful over the last 40 years is our deep understanding of the nonprofit sector and the unique challenges facing nonprofit organizations, from funding constraints to the need for specialized expertise. We continue to develop services that are tailored to meet the specific needs of nonprofits, whether it's reducing unemployment costs, maintaining compliance with state and federal legislation, or tackling day-to-day HR needs.
As we celebrate our accomplishments over the last four decades, we also recognize that our success is due largely to the overwhelming support we receive from the nonprofit sector and consider ourselves extremely fortunate to work with people who share in our passion to strengthen nonprofit communities across the country.
A word from UST’s Executive Director, Donna Groh:
As UST celebrates its 40th anniversary this year, we are very proud of how many nonprofits we have helped over that span of time. To give a little perspective, UST has successfully:
- Managed over $1.4 billion in member assets
- Paid over $1.2 billion in unemployment claims
- Generated $132.5 million in investment returns to offset expenses
- Issued experience refunds of $138.5 million
But we are not resting on our laurels. Last year, we created a subsidiary LLC that will be developing programs to support nonprofit employers whether they are members of the Trust or choose to manage their unemployment benefits on their own or through the state tax system. The programs and services we will be focused on will be those that will help nonprofit employers attract, engage, and retain a vibrant workforce. We will have more details as specific programs develop so stay tuned.
Finally, as we look to the future, I will be stepping down as the Executive Director of UST and retiring in the Fall. We recently identified (and appointed) an impressive individual who will be coming on board this Summer for which I will provide an onboarding and consultative transition over the coming months.
To all of you who have been on this journey with us, we thank you and look forward to continued partnerships.
By exercising their exclusive nonprofit tax alternative, as allowed by Federal law, 501c3 organizations participating with UST have the ability to pay only for their own unemployment claims, which can save them thousands annually. Because they are no longer subsidizing for-profit companies in the state tax system, and are receiving expert claims guidance, UST members can efficiently manage their unemployment claims while mitigating liability.
“Within the last three years, UST has identified over $16 million in potential unemployment claims savings for hundreds of nonprofits across the United States,” said Donna Groh, Executive Director of UST. “It’s incredibly rewarding to know that the UST program continues to provide financial relief to such hard-working nonprofits and the communities they serve.”
In addition to offering claims support, UST also help nonprofits cut costs further by helping organization streamline their workforce and avoid costly legal fees with robust HR resources built into its program. These expert tools, including the live HR hotline, online job description builder and award-winning outplacement services, provide UST participants the extra bandwidth they need to strengthen their missions.
As the largest, lowest-cost trust nationwide, UST helps 501c3 organizations save valuable time and money through a host of workforce management solutions that include – unemployment claims management, cash flow protection, certified HR assistance, outplacement services and more. With the ability to find hidden savings for both tax-rated and direct reimbursing employers, UST encourages nonprofits with 10 or more employees to benchmark their costs.