is the tiaa a nonprofit organization 
no however they are owned by a not for profit company and have a charter to operate without profit 33 such an organization came into being after congress stripped the tiaa of its tax exempt status in the taxpayer relief act of 1997 the bottom linethe teachers insurance and annuity association tiaa is a for profit financial organization that provides pension insurance and investment services mainly for teachers and their families the mission of the organization founded more than 100 years ago is helping those who help others find confidence in retirement 10tiaa serves over five million active and retired employees participating at more than 15 000 institutions today tiaa s reach extends well beyond education being the leading provider of financial services also in the research medical cultural and governmental fields 