Today, we at 501(c) Agencies Trust announce a new strategic partnership with BoardSource. The goal of the partnership is for the two organizations to augment their services to the nonprofit sector through combined strategic initiatives.
501(c) Agencies Trust is a group of 1,500 nonprofits that have elected to not participate in the state unemployment tax system. Instead, we have chosen to become employers who reimburse the state for our unemployment costs. 501(c) Agencies Trust began in 1982 and collectively we save more than $20 million annually.
BoardSource, formerly the National Center for Nonprofit Boards, is a nonprofit organization founded in 1988. Its mission is “to inspire and support excellence in nonprofit governance and board and staff leadership.”
About How 501(c) Agencies Trust Works
Federal law allows 501(c)(3)s to stop paying their unemployment taxes and to self-fund their own programs. Doing so can save organizations 40 to 60 percent on those unemployment insurance costs. At 501(c) Agencies Trust, we help organizations
- manage their unemployment expenses,
- provide their separated employees with reemployment services,
- offer employers a certified educational series,
- and provide additional HR Services including unlimited access to a staffed hotline.
501(c) Agencies Trust consists of both large national agencies such as Boys and Girls Clubs, Y-USA, Feeding America and United Cerebral Palsy as well as smaller stand-alone organizations.
Learn more about our strategic unemployment options in the video below or attend an upcoming demo.