TIAA (Teachers Insurance And Annuity Association Of America-College Retirement Equities Fund), Formerly Known As Tiaa Cref Login, Is A Prominent American Financial Services Organization Specializing In Retirement Services For Individuals In Academic, Research, Medical, Cultural, And Governmental Sectors. Founded In 1918 By Andrew Carnegie And The Carnegie Foundation For The Advancement Of Teaching, TIAA Was Created To Provide A Fully Funded Pension System For Professors. Over The Years, It Has Grown Significantly And Now Serves Over 5 Million Active And Retired Employees Across More Than 15,000 Institutions, Managing $1.2 Trillion In Assets As Of 2024.
| Category | Details |
|---|---|
| Full Name | Teachers Insurance and Annuity Association of America – College Retirement Equities Fund |
| Founded | 1918 |
| Founder | Andrew Carnegie |
| Headquarters | New York, NY |
| CEO | Thasunda Brown Duckett (as of May 2021) |
| Primary Services | Retirement plans, insurance, investment services, annuities, IRAs, 529 college savings plans, managed investment portfolios, brokerage accounts |
| Notable Products | TIAA Traditional, CREF (College Retirement Equities Fund), Social Choice annuity |
| Key Acquisitions | Nuveen Investments (2014), TIAA Henderson Real Estate (2015), EverBank Financial Corp (2016) |
| Assets Under Management | $1.2 trillion (as of 2024) |
| Number of Offices | 133 offices across the United States |
| Number of Accounts Managed | Nearly 5 million active and retired employee accounts |
| Notable Awards | Lipper Fund Awards for exceptional performance |
| Mission | Providing secure retirement solutions and promoting equity and inclusion in retirement planning |
| Innovations | First variable annuity (CREF), Social Choice annuity for socially responsible investing |
| Business Continuity | Geographically diverse business centers, robust contingency plans for uninterrupted operations |
History And Evolution
TIAA Was Initially Established As A Non-Profit Organization And Operated As A Tax-Exempt Entity Until 1997 When A Tax Bill Removed Its Tax Exemption. Today, It Functions As A Non-Profit With Taxable Subsidiaries, With All Profits Returned To Policyholders. TIAA’s Headquarters Are Located In New York, With Major Offices In Denver, Charlotte, And Dallas, And 132 Local Offices Throughout The United States.
Products And Services
TIAA Offers A Range Of Retirement And Investment Products, Including:
- TIAA Traditional: A Guaranteed Return Annuity Product That Has Consistently Provided Dividends Since 1948.
- CREF (College Retirement Equities Fund): Introduced In 1952, This Variable Annuity Allows For Diversified Retirement Funds.
- TIAA Real Estate Account: Launched In 1995, This Variable Annuity Offers A Balance Between Stability And Flexibility.
Recent Developments
In 2016, TIAA-CREF Rebranded To TIAA To Simplify Its Image And Make It More Approachable. The Organization Has Also Been Active In Addressing Environmental Concerns, Committing To Net Zero Emissions By 2050. However, It Has Faced Criticism For Its Investments In Fossil Fuels, Leading To Complaints From Clients And Activists.
Leadership And Recognition
Thasunda Brown Duckett, Who Became CEO In May 2021, Is One Of The Few Black Women Leading A Fortune 500 Company. Under Her Leadership, TIAA Continues To Advocate For Diversity, Equity, And Inclusion, Both Within The Organization And In The Communities It Serves.