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 Overseers.|
|CREF||CREF is a not-for-profit corporation based in New York, registered as an investment company with the Securities Exchange Commission.|