TIAA and CREF at a glance
What do those letters mean?
| TIAA | Teachers Insurance and Annuity Association of America |
| CREF | College Retirement Equities Fund |
When was each organization founded?
| TIAA | Founded in 1918 |
| CREF | Founded in 1952 |
In a nutshell, what do they do?
| TIAA | TIAA offers annuities and insurance to employees at non-profit organizations, and is required by its charter to operate on a non-profit basis. |
| CREF | CREF manages our suite of variable annuities, which are offered to the same individuals and institutions that TIAA serves. |
What is the legal status of each company?
| TIAA | TIAA is a stock New York life insurance company and is owned by the TIAA Board of Governors. |
| CREF | CREF is a not-for-profit corporation based in New York, registered as an investment company with the Securities Exchange Commission. |