TIAA is a privately held, not-for-profit financial services organization providing retirement plans, annuities, IRAs, mutual funds, life insurance, 529 plans, and brokerage services to employees and institutions in education, healthcare, and the nonprofit sector. Founded in 1918 and headquartered in New York, it also offers investment management through its Nuveen subsidiary. Its revenue comes from fees on asset management, insurance, and brokerage services.