2025-06-26T15:01:21-05:00 2024-12-31 990 2024-01-01 376124411 AURENE NORTON TRUST NORT 2173654800 PO BOX 260 CHAMPAIGN IL 618240260 BUSEY BANK Trustee 2173654800 2025-06-24 false 2024 2025-03-06 01:10:19Z MELISSA HENDRICKS 201 W MAIN ST URBANA IL 61801 330664 false X N/A X 1972 IL AS DIRECTED BY THE TRUST DOCUMENT, FUNDS ARE DISTRIBUTED TO THE UNIVERSITY OF ILLINOIS TO FUND VISITING LECTURERS IN THE FIELD OF AGRICULTURAL MARKETING AND THE SUPPORT OF AN ENDOWMENT OF A CHAIR IN THE SAME FIELD. 0 0 0 0 0 0 0 67146 169213 24 67146 169237 197666 130195 0 37595 41226 0 0 3051 3215 238312 174636 -171166 -5399 1936725 1931274 0 0 1936725 1931274 X AS DIRECTED BY THE TRUST DOCUMENT, FUNDS ARE DISTRIBUTED TO THE UNIVERSITY OF ILLINOIS TO FUND VISITING LECTURERS IN THE FIELD OF AGRICULTURAL MARKETING AND THE SUPPORT OF AN ENDOWMENT OF A CHAIR IN THE SAME FIELD. false false UNIVERSITY OF ILLINOIS LAURENCE J NORTON CHAIR 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 true 0 0 true 0 false false false false false false false false false true false false false false X 0 0 false false false false false false false true true false false true true true true true true true true false IL X BUSEY BANK 2173654800 201 W MAIN ST URBANA IL 61801 BUSEY BANK TRUSTEE 1.5 X 41226 0 0 41226 0 0 false false false 83679 83679 246961 161427 85534 85534 24 24 24 169237 83703 130195 130195 41226 41226 850 850 2365 2365 174636 130195 44441 0 -14473 38806 1951198 1892468 1936725 1931274 0 0 X 1936725 1931274 1936725 1931274 1936725 1931274 X -5399 -52 X false false false X X 1 UNIVERSITY OF IL 376124411 5 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false true 0 0 67146 67146 0 0 0 67146 0 0 0 0 0 0 0 0 0 0 0 0 67146 57074 0 57074 0 57074 0 0 0 0 0 0 0 0 57074 0 57074 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 57074 0 0 0 0 0 0 Section D. Line 2 The trustee of the charitable trust maintained a close and continuous working relationship with the supported organization, the University of Illinois, through regular meetings to review the trust performance and to ensure that the funds distributed were used to further the purpose of the trust. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW THE GOVERNING BODY, BUSEY BANK AS TRUSTEE, IS RESPONSIBLEFOR THE PREPARATION OF THE FORM 990. THIS FORM IS PREPARED BYEMPLOYEES OF BUSEY BANK AND IS REVIEWED BY ANOTHER MEMBER OF THE COMPANY PRIOR TO FILING THE RETURN. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c THE ORGANIZATION IS A CHARITABLE TRUST UNDER SECTION 4947(A)(1). ITS TRUSTEE, BUSEY TRUST COMPANY, AS A SEPARATE ORGANIZATION DOES HAVE A WRITTEN WHISTLEBLOWER POLICY AND A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY.BUSEY TRUST COMPANY REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THESE POLICIES THROUGH EMPLOYEE EDUCATION AND REPRESENTATION. ASSOCIATES ARE REQUIRED TO PROVIDE INFORMAITON IN CONNECTION WITH REGULATORY EXAMS REGARDING ANY POTENTIAL CONFLICTS OF INTEREST, INCLUDING OTHER BUSINESS ACTIVITIES OR PROVISION OF SERVICES TO THE TRUST COMPANY INDIVIDUALLY OR IN ITS FIDUCIARY CAPACITY. FORM 990, PAGE 6, PART VI, LINE 15a THE AURENE NORTON TRUST DOES NOT HAVE COMPENSATED OFFICERS. THE COMPENSATION FOR THE TRUSTEE IS SET BASED UPON A STANDARD FEESCHEDULE USED IN ASSESSING FEES TO ALL EXEMPT ORGANIZATION CLIENTS,REPORTED TO THE CHARITABLE BENEFICIARY, APPROVED BY ITS BOARD OFDIRECTORS AND COMPARABLE TO INDUSTRY FEE SCHEDULES IN THE AREA. FORM 990, PAGE 6, PART VI, LINE 15b THE AURENE NORTON TRUST DOES NOT HAVE COMPENSATED OFFICERS. THE COMPENSATION FOR THE TRUSTEE IS SET BASED UPON A STANDARD FEESCHEDULE USED IN ASSESSING FEES TO ALL EXEMPT ORGANIZATION CLIENTS,REPORTED TO THE CHARITABLE BENEFICIARY, APPROVED BY ITS BOARD OFDIRECTORS AND COMPARABLE TO INDUSTRY FEE SCHEDULES IN THE AREA. FORM 990, PAGE 6, PART VI, LINE 19 Trust documents and financial records are maintained at the offices of the corporate trustee, Busey Trust Company, 201 W. Main St., Urbana, IL 61801 and can be viewed during normal business hours. The corporate trustee maintains conflict of interest policies that apply to the administration of this trust. All documents are provided directly to the charitable beneficiary. EXPLANATION FOR FORM 990, PART XI, LINE 9 TRANSACTIONS POSTED CURRENT YEAR FOR PRIOR YEAR; ($112.48) TRANSACTIONS TAXABLE CURRENT YEAR POSTED FOLLOWING YEAR; $65.89 SECURITY ADJUSTMENT; DUE TO ROUNDING $(3). De minimis $(2.33)