No. By law, Equity-League is a separate organization which is jointly administered by both Labor (Actors' Equity) and Management. The Board of Trustees of the Equity League Funds is made up of an equal number of Trustees representing both Equity and various management bargaining associations.
The Trustees all have a legal fiduciary responsibility to the Funds. All Trustee decisions are implemented by a Fund Administrator (hired jointly by labor and management Trustees) who supervises the Funds' staff and operations. The Funds are housed in separate offices and are not a subsidiary department of Actors' Equity.