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501(c)(28)
From Ballotpedia
501(c)(28) is an Internal Revenue Service (IRS) tax exemption status that applies to the National Railroad Retirement Investment Trust (NRRIT). This organization was established as a provision of the Railroad Retirement and Survivor's Improvement Act of 2001. NRRIT is not a government organization, but rather exists as a separate tax-exempt entity.
The purpose of NRRIT is to direct and invest the financial assets of the Railroad Retirement Account into a diversified portfolio. Prior to the creation of NRRIT, the investment of Railroad Retirement Account assets was limited to United States securities.[1][2]
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