2024-05-07T09:01:18-05:00 2023-12-31 346565596 ERNST & YOUNG US LLP 2100 E CARY ST SUITE 201 RICHMOND VA 23223 990 2023-01-01 136074607 ALSTEAD GEN 3 ALST 8026601494 1100 NORTH MARKET STREET WILMINGTON DE 198900001 BRENT HEINTZELMAN SVP 8026601494 2024-05-02 true BRENT HEINTZELMAN true SANDRA MURPHY P01252209 8043446000 2024-05-02 2023 2023-04-26 12:10:37Z 156632 false X N/A X 1931 NY TO PROVIDE NET INCOME THAT IS TO BE PAID TO THE TOWN OF ALSTEAD, NH "TO BEAPPLIED BY SAID TOWN TO THE GENERAL PURPOSES FOR WHICH THE TAXES LEVIED BY SAID TOWN ARE USED IN ORDER THAT THE TAXES OF SAID TOWN MAY BE REDUCED." 0 0 0 0 0 0 0 43930 29173 0 43930 29173 34278 10967 0 6068 5686 0 0 1059 1107 41405 17760 2525 11413 572839 584035 0 0 572839 584035 TO PROVIDE NET INCOME THAT IS TO BE PAID TO THE TOWN OF ALSTEAD, NH "TO BEAPPLIED BY SAID TOWN TO THE GENERAL PURPOSES FOR WHICH THE TAXES LEVIED BY SAID TOWN ARE USED IN ORDER THAT THE TAXES OF SAID TOWN MAY BE REDUCED." false false 17760 10967 TOWN OF ALSTEAD - GENERAL AND ADMIN EXPENSES PER ARTICLES OF TRUST CREATED UNDER WILL. 17760 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 0 0 true 0 false false false false false false false false false false false false false X 0 0 false false false false false false false true true false false true true true true false true false true false NY X M&T BANK TRUST CORPORATION ATTN STEWART POLLAC 3026518988 1100 NORTH MARKET STREET WILMINGTON DE 19890 PEOPLES UNITED BANK N A TRUSTEE X 0 0 0 M&T BANK TRUST CORPORATION TRUSTEE X 5686 0 0 5686 0 0 false false false 17661 17661 138971 127459 11512 11512 29173 17661 10967 10967 5686 5686 900 900 207 207 17760 10967 6793 0 218 232 7106 28991 565515 554812 572839 584035 0 0 X 572839 584035 572839 584035 572839 584035 X 11413 -217 X false false false X X X 1 TOWN OF ALSTEAD NH 026000012 7 true 10967 0 1 10967 0 true false false false false false false false false false false false false false false true false true X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SEC E. PART C Distributions are made to the Town of Alstead, New Hampshire, a governmental entity, for governmental purposes to support the Town of Alstead. Distributions are to be applied by the Town to the general purposes for which the taxes levied by the Town are used, in order that taxes of the Town my be reduced. SEC D. PART 2 AND 3 The Trust has a close connection with the Town of Alstead. In addition to being the Trusts beneficiary, the Trust has an ongoing relationship with the Town, which includes providing an annual statement to the organization, engaging in communications, and taking into account input that beneficiary my have. SCH A PART V The Trust meets the requirements set forth in Regulations Section 1.509(a)-4(i)(9)(i)-(v) as follows: (i) All the unexpired interests in the Trust are devoted to one or more purposes described in Section 170(c)(1) and (c)(2)(B) as the Trusts sole distributions are to its supported organization, a government entity. (ii) The Trust was created prior to November 20, 1970, and did not receive SCH A PART V CONT. grant, contribution, bequest of other transfer on or after such date. (iii) Per Part Ninth of the last will and testament, the Trust is required to distribute its income to the Town of Alstead, New Hampshire. This describes the charitable purposes of the trust so completely that such description can apply to only the existing supported organization and is of sufficient particularity as to vest SCH A PART V CONT. in such organization rights against the Trust enforceable in court possessing equitable powers. (iv) The trustee does not have discretion to vary either the beneficiary supported organization or the amounts payable to the supported organization. (v) None of the trustees would be disqualified persons within the meaning of section 4946(a)with respect to the Trust if such Trust were treated as a SCH A PART V CONT. private foundation. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a Due to Regulation 9 governance this trust is to be reviewed at the very least annually to ensure its compliance with the regulation and all meetings are documented. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b Each committee at the annual meeting is required to document its actions as it pertains to this trust. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW The Form 990 is prepared by the Trustee's Tax Department after consultation with the trust officer. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c This Organization is a trust having as its trustee Wilmington Trust Company. WTC is a wholly owned subsidiary of M&T Bank Corporation. M&T has a written code of business conduct and ethics to which all employees are subject. WTC Personnel are subject to that policy as well as a separate WTC conflicts of interest policy. All WTC Personnel are required to take and sign off on completion of an online course on the M&T Code of Business Conduct and Ethics Annually. FORM 990, PAGE 6, PART VI, LINE 15b The Bank as Trustee Receives Trustee Fees Determined by the governing instrument and/or state law. FORM 990, PAGE 6, PART VI, LINE 19 These documents can be located on the Investor Relations link. Financial statements, per se, are not drafted for the organization, but the form 990 itself conveys that information and is widely disseminated on the world wide web. The Governing Document of the Organization is available upon Request. FORM 990, PAGE 7, PART VII, SECTION A M&T BANK TRUST CORPORATION., Trustee, hours as needed. EXPLANATION FOR FORM 990, PART XI, LINE 9 2023 Transaction Posted in 2024 -759.08/ 2022 Transaction Posted in 2023 588.07/Cost Basis Adjustment -48.82/Total to Form 990 Part XI Line 9 -421