2024-05-10T12:01:22-05:00 2023-12-31 346565596 ERNST & YOUNG US LLP 2100 E CARY ST SUITE 201 RICHMOND VA 23223 990 2023-01-01 036036281 SHERMAN H FBO LYNDON STATE COLLEGE SHER 8026601389 1100 NORTH MARKET STREET WILMINGTON DE 198900001 BRENT HEINTZELMAN SVP 8026601389 2024-05-10 true BRENT HEINTZELMAN true SANDRA MURPHY P01252209 8043446000 2024-05-10 2023 2023-04-26 12:10:37Z 44875 false X N/A X 1901 VT The Trust limits its distributions to Northern Vermont University, part of the Vermont State Colleges system, formerly known as Lyndon State College (the College). The College is a public liberal arts college and distributions are made to it for educational purposes 0 0 0 0 0 0 0 814 11106 0 814 11106 12731 7513 0 3009 2641 0 0 949 941 16689 11095 -15875 11 161777 161953 0 0 161777 161953 The Trust limits its distributions to Northern Vermont University, part of the Vermont State Colleges system, formerly known as Lyndon State College (the College). The College is a public liberal arts college and distributions are made to it for educational purposes false false 7513 NORTHERN VERMONT UNIVERSITY 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 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 false false false false false false false false false false false VT X M&T BANK ATTN HEATHER CARY 8026601389 1100 NORTH MARKET STREET WILMINGTON DE 198900001 X MT Bank TRUSTEE X 0 0 0 0 0 0 false false false 4219 4219 40656 33769 6887 6887 11106 4219 7513 7513 2641 2641 900 900 41 41 11095 7513 3582 0 148 239 14320 5283 147309 156431 161777 161953 0 0 X 161777 161953 161777 161953 161777 161953 X 11 165 X false false false X X X 1 NORTHERN VERMONT UNIVERSITYVERMONT STATE COLLEGES 030213787 7 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false true X true true 0 0 0 0 0 0 SECTION D PART 2 AND 3 The trustee annually report to the supported organization an accounting of the investment of theTrust and the income thereof. The Trust fulfills the notification requirement as the trustee provides the supported organization with annual statements. Since its formation, the Trust has operated in close connection with its supported organization, with representatives of the Trust and the SECTION PART 2 AND 3 CONT. supported organization meeting regularly. In addition, the Trusts ongoing relationship with the supported organization includes taking into account the College's input on investment of the Trustassets and/orthe timing of the distributions during the year. SECTION D PART 2 AND 3 CONT. The Trust has a close connection with the College. In addition to being the Trusts beneficiary, the Trust has an ongoing relationship with the organization, which includes providing an annual statement to the organization, engaging in communications, and taking into account input thatthe beneficiary may have. SECTION E The Trust is both organized and operated for charitable purposes, and to function as a section501(c)(3) supporting organization as described in Section 509 of the Internal Revenue Code. Invested assets of the Trust are used to provide distributions to the designated governmental supported organization, the College. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a N/A EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b N/A FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW THE 990 IS REVIEWED BY THE TRUSTEE FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST FORM 990, PAGE 7, PART VII, SECTION A M&T BANK, FIDUCIARY TRUSTEE, HOURS AS NEEDED. EXPLANATION FOR FORM 990, PART XI, LINE 9 Transaction Posted in 2024 -195.82/ 2022 Transaction Posted in 2023 172.31/ Cost Basis Adjustments 188.51