2024-11-15T12:38:46+00:00 2023-12-31 920460586 PWC US TAX LLP 655 NEW YORK AVENUE NW STE 1100 WASHINGTON DC 20001 990 2023-01-01 836900635 HOWARD HUGHES MEDICAL INSTITUTE RETIREE WELFARE BENEFIT PLAN TRUST HOWA 3012158500 4000 Jones Bridge Road Chevy Chase MD 20815 LYNNE LOCHTE DEPUTY CFO & ASSISTANT TREASURER 3012158000 2024-11-15 true TRAVIS L PATTON P00369623 2024141000 2024-11-15 2023 2024-10-15 13:58:12Z LYNNE LOCHTE 4000 Jones Bridge Road Chevy Chase MD 20815 11227644 false X N/A X 2019 DE THE HOWARD HUGHES MEDICAL INSTITUTE RETIREE WELFARE BENEFIT PLAN TRUST PROVIDES HEALTH, LIFE, AND EMPLOYEE ASSISTANCE PLAN BENEFITS TO ELIGIBLE RETIREES AND THEIR DEPENDENTS. 1 0 0 0 0 0 0 0 8041911 8037276 586625 1913892 985499 1276476 9614035 11227644 0 0 8901342 9560305 48368 49132 0 0 0 348770 358220 9298480 9967657 315555 1259987 39245032 41221436 184842 209221 39060190 41012215 THE HOWARD HUGHES MEDICAL INSTITUTE RETIREE WELFARE BENEFIT PLAN TRUST WAS ESTABLISHED TO PROVIDE RETIREE WELFARE BENEFITS INCLUDING MEDICAL, PRESCRIPTION DRUG, DENTAL AND VISION COVERAGE TO ELIGIBLE RETIREES OF HHMI AND THEIR ELIGIBLE DEPENDENTS. false false ACCOMPLISHMENT OF THE TRUST'S PRIMARY EXEMPT PURPOSE. 0 false false false false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 1 0 false true false false false false false false false true false true false false false false false false X HOWARD HUGHES MEDICAL INSTITUTE 3012158500 4000 Jones Bridge Rd Chevy Chase MD 208156789 TIAA TRUST NA (FORMERLY KNOWN AS TIAAFSB) TRUSTEE 2.0 0.0 X 49132 0 0 49132 0 0 0 false false false CareFirst 1501 South Clinton Street Baltimore MD 21224 Administrative 318086 1 0 SPONSOR CONTRIBUTIONS 900099 6000000 6000000 RETIREE CONTRIBUTIONS 900099 2037276 2037276 0 0 0 0 8037276 1913892 1913892 0 0 0 0 Medicare Rebate 900099 1276476 1276476 0 0 0 0 1276476 11227644 9313752 0 1913892 9560305 49132 358220 0 9967657 0 0 38409686 39142 808870 928782 0 0 0 0 26476 1914 0 0 0 0 0 40251598 0 0 0 0 39245032 41221436 184842 209221 0 0 0 0 184842 209221 X 39060190 41012215 39060190 41012215 39245032 41221436 1259987 692038 0 0 0 0 X false true X true false 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote FROM TIME TO TIME THE TRUST MAY BE SUBJECT TO INCOME TAXES; HOWEVER, NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED AS OF DECEMBER 31, 2023 AND 2022 FOR UNRELATED BUSINESS TAXABLE INCOME. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE FEDERAL AND STATE TAXING AUTHORITIES. THE PLAN IS SUBJECT TO AUDIT BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES THE PLAN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2020. Form 990, Part VI, Line 1a TOTAL NUMBER OF OFFICERS, DIRECTORS, AND TRUSTEES PERMITTED TO VOTE THE TRUST OPERATES FOR THE EXCLUSIVE PURPOSE OF PROVIDING RETIREE WELFARE BENEFITS TO ELIGIBLE RETIREES OF HHMI, THE PLAN SPONSOR. THE TRUST DOES NOT OPERATE INDEPENDENTLY WITH RESPECT TO CONDUCTING BUSINESS AND, AS SUCH, DOES NOT HOLD BOARD MEETINGS. ALL ADMINISTRATIVE ACTIVITIES INVOLVED WITH RESPECT TO THE TRUST ARE HANDLED BY THE TRUSTEE, THE PLAN SPONSOR AND PLAN INVESTMENT FIDUCIARIES. Form 990, Part VI, Line 3 Delegation of management duties TIAA TRUST N.A. SERVES AS TRUSTEE FOR THE VEBA AND IS RESPONSIBLE FOR PROVIDING ALL DAY TO DAY TRUST ADMINISTRATION SERVICES REQUIRED FOR THE PROPER ADMINISTRATION OF THE TRUST. EMPLOYEES OF HHMI (THE PLAN SPONSOR), FORM THE TRUST'S INVESTMENT FIDUCIARY COMMITTEE. THIS COMMITTEE HAS THE AUTHORITY TO MANAGE THE INVESTMENT OF ASSETS HELD IN THE VEBA TRUST. Form 990, Part VI, Line 9 Interested person not at organization's address THE TRUSTEE CANNOT BE REACHED AT THE ORGANIZATION'S MAILING ADDRESS. THEIR MAILING ADDRESS IS: TIAA TRUST N.A. 211 NORTH BROADWAY, SUITE 1000 ST LOUIS, MO 63102 Form 990, Part VI, Line 11b Review of form 990 by governing body THE TAX DEPARTMENT OF HHMI, THE PLAN SPONSOR, PREPARES A DRAFT FORM 990 BASED ON DATA REPORTED IN THE FINANCIAL STATEMENTS. THE DRAFT RETURN IS REVIEWED BY THE VEBA'S OUTSIDE TAX PREPARER. THE COMPLETED FORM 990 IS PROVIDED TO THE TRUSTEE FOR REVIEW PRIOR TO THE FILING DUE DATE. THE DATA IS REVIEWED AGAINST SOURCE DOCUMENTS FOR ACCURACY BEFORE THE FORM 990 IS SIGNED AND SUBMITTED TO THE IRS. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE UPON REQUEST. Form 990, Part VII, Section A, Line 1a COMPENSATION INFORMATION TIAA TRUST, N.A. RECEIVED ADDITIONAL INDIRECT COMPENSATION FOR ITS SERVICES AS TRUSTEE. TIAA TRUST, N.A. HAS PROVIDED ALL THE REQUIRED DISCLOSURES PURSUANT TO ERISA SECTION 408(B)(2). Form 990, Part VII, Section A, Line 1a, Column (B) AVERAGE HOURS PER WEEK DEVOTED TO ORGANIZATION AS TRUSTEE, TIAA TRUST, N.A. HAS PROVIDED VARIOUS ADMINISTRATIVE SERVICES TO THE TRUST, SUCH AS ADMINISTERING THIS BENEFIT PLAN. THESE SERVICES REQUIRE THE INVOLVEMENT OF NUMEROUS INDIVIDUAL EMPLOYEES IN THE ACTIVITIES OF THE ORGANIZATION AND THUS CAN NOT BE QUANTIFIED ON AN HOURLY BASIS, BUT INSTEAD ARE IN ACCORDANCE WITH THE TRUST AGREEMENTS WITH HOWARD HUGHES MEDICAL INSTITUTE. FORM 990, PART VI, SECTION B, LINES 12-15 GOVERNANCE AND POLICIES THE TRUST IS A VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION PURSUANT TO IRC SECTION 501(C)(9). ITS TRUSTEE HAS A FIDUCIARY DUTY TO MANAGE INVESTMENTS IN THE BEST INTEREST OF THE BENEFICIARIES AND OPERATE PURSUANT TO A STRINGENT CODE OF CONDUCT. SINCE THE TRUST DOES NOT MAINTAIN EMPLOYEES, THERE ARE NO PROCESSES IN PLACE RELATED TO EMPLOYEE COMPENSATION. HOWARD HUGHES MEDICAL INSTITUTE 4000 JONES BRIDGE ROAD CHEVY CHASE MD 208156789 590735717 N/A false false true false false false false false false false false false false true true false true false true