2024-05-07T10:01:19-05:00 2023-12-31 346565596 ERNST & YOUNG LLP 2100 ONE PPG PLACE PITTSBURGH PA 15222 990 2023-01-01 456081104 FLORENCE LAKE CHARITABLE TRUST 1020000701 FLOR 7017953212 2300 SOUTH COLUMBIA ROAD GRAND FORKS ND 58201 ALERUS FINANCIAL TRUSTEE 7017953212 2024-05-01 true false ALEX POWELL P01572815 4126445353 2024-05-01 2023 2023-04-26 12:10:37Z Claire Herland 401 DeMers Avenue Grand Forks ND 58201 1640606 false X N/A X 1993 ND There is no formal Mission Statement. The Last Will and Testament of Florence Lake created this charitable trust. The Will specifically lists the three organizations that are to receive annually one third of the trust income. The Will further states that the Central Institute for the Deaf and the Community College are to use the funds to establish scholarship fund to help students, The Will states that the amounts paid each year must be distributed annually for scholarships. The Devils Lake Foundation is to use the annual payment for qualified charitable purposes and such funds are to be distributed annually. The Trust holds annual meetings. The meetings are attended by members of the supported organizations. These organizations submit an annual report regarding the use of the funds 0 0 0 0 0 0 0 164375 67619 0 164375 67619 99182 97561 0 17968 17809 0 0 9277 6784 126427 122154 37948 -54535 3096610 3042075 0 0 3096610 3042075 X There is no formal Mission Statement. The Last Will and Testament of Florence Lake created this charitable trust. The Will specifically lists the three organizations that are to receive annually one third of the trust income. The Will further states that the Central Institute for the Deaf and the Community College are to use the funds to establish scholarship fund to help students, The Will states that the amounts paid each year must be distributed annually for scholarships. The Devils Lake Foundation is to use the annual payment for qualified charitable purposes and such funds are to be distributed annually. The Trust holds annual meetings. The meetings are attended by members of the supported organizations. These organizations submit an annual report regarding the use of the funds false false 32517 32517 Central institute for the deaf, grants scholarships to children who are deaf and hard of hearing who are candidates for learning listening and spoken language skills. 32527 32527 Awarding of grants to charitable organizations within the Devils lake area. 32517 32517 Grants are made to lake region state college a state owned university, which is responsible for ensuring that grants, scholarships and other financial assistance is being administered in accordance with donor instructions. 97561 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 true 0 0 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 false false false false false false false X AlLERUS FINANCIAL 7019753212 2300 S COLUMBIA RD GRAND FORKS ND 58201 X Perter Halbach Co-Trustee X 0 0 0 Maren Halbach Co-Trustee X 0 0 0 Alerus Financial Co-Trustee X 0 0 0 0 0 0 false false false 103167 103167 1537439 1572987 -35548 -35548 67619 103167 97561 97561 17809 17809 5873 5873 911 911 122154 97561 24593 0 8089 8320 3088521 3033755 3096610 3042075 0 0 X 3096610 3042075 3096610 3042075 3096610 3042075 -54535 X false false false X X X 3 Central Institute for the Deaf 430662456 7 true 32517 0 Community College Foundation 510242987 5 true 32527 0 Devils Lake Area Foundation 466040496 8 true 0 0 3 65044 0 true false false false false false false false false false false false false false false true false true 0 0 164375 164375 0 17968 9277 137130 0 0 0 0 0 0 0 0 0 0 0 0 137130 116561 0 116561 0 116561 0 0 0 0 0 0 0 0 116561 0 116561 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 116561 0 0 0 0 0 0 Part IV Section D Line 2 Continued The judge always inquires of the supported organizations whether they have any issues with the trustee and if the relationship is working for all involved. Part IV Section D Line 3 The Trustee meets formally with the supported organizations twice per year. Each of those meetings involve discussion about current investment performance and investment policy. Their input significantly impacts the investment direction of trust and the allocation made among the various asset classes. Part IV Section D Line 3 Continued The supported organizations also have the opportunity to voices any concerns or questions about the investment direction/performance of the investment portfolio at the annual hearing before the court Part I, Line Line 1 There is no formal Mission Statement. The Last Will and Testament of Florence Lake created this charitable trust. The Will specifically lists the three organizations that are to receive annually 1/3 of the trust income. The Will further states that the Central Institute for the Deaf and the Community College are to use the funds to establish scholarship fund to help students, The Will states that the amounts paid each year must be distributed annually for Part I, Line Line 1 The Devils Lake Foundation is to use the annual payment for qualified charitable purposes and such funds are to be distributed annually. The Trust holds annual meetings. The meetings are attended by members of the supported organizations. These organizations submit an annual report regarding the use of the funds. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW Form are available upon request FORM 990, PAGE 6, PART VI, LINE 19 Any Individual or organization from the public can make a written request to any board member for the various documents. Any and all public documents will be made available. EXPLANATION FOR FORM 990, PART XI, LINE 9 CTF liquidation adjustment