2023-06-14T12:00:29-05:00 2023-01-31 990 2022-02-01 376224584 MARGARET BLOOM TRUST 1045000013 BLOO 2173654800 PO BOX 260 CHAMPAIGN IL 618240260 BUSEY BANK Trustee 2173654800 2023-06-14 false 2022 2023-04-26 12:10:37Z KAREN WALKER 201 W MAIN ST URBANA IL 61801 1327057 false X N/A X 1983 IL THE ORGANIZATION IS A CHARITABLE TRUST THAT WAS CREATED UNDER THE WILL OF MARGARET BLOOM WHOSE DATE OF DEATH WAS SEPTEMBER 29, 1981. THE TRUST PROVIDES THAT THE ASSETS OF THE TRUST ARE TO BE HELD IN TRUST BY THE TRUSTEE FOR THE USE AND BENEFIT OF THE UNIVERSITY OF ILLINOIS FOUNDATION IN PROVIDING SCHOLARSHIPS AT THE UNIVERSITY OF ILLINOIS, URBANA, ILLINOIS. DISTRIBUTIONS FROM THE TRUST ARE TO BE USED SOLELY FOR THE EDUCATION AND MAINTENANCE OF STUDENTS AT THE UNIVERSITY OF ILLINOIS WHO MEET CERTAIN CONDITIONS PROVIDED FOR THEIR COLLEGE EDUCATION. 0 0 0 0 0 0 0 699719 267025 83364 114410 783083 381435 469804 534259 0 108464 99734 0 0 5940 9296 584208 643289 198875 -261854 8947381 8695582 16631 0 8930750 8695582 X THE ORGANIZATION IS A CHARITABLE TRUST THAT WAS CREATED UNDER THE WILL OF MARGARET BLOOM WHOSE DATE OF DEATH WAS SEPTEMBER 29, 1981. THE TRUST PROVIDES THAT THE ASSETS OF THE TRUST ARE TO BE HELD IN TRUST BY THE TRUSTEE FOR THE USE AND BENEFIT OF THE UNIVERSITY OF ILLINOIS FOUNDATION IN PROVIDING SCHOLARSHIPS AT THE UNIVERSITY OF ILLINOIS, URBANA, ILLINOIS. DISTRIBUTIONS FROM THE TRUST ARE TO BE USED SOLELY FOR THE EDUCATION AND MAINTENANCE OF STUDENTS AT THE UNIVERSITY OF ILLINOIS WHO MEET CERTAIN CONDITIONS PROVIDED FOR THEIR COLLEGE EDUCATION. false false 534259 524259 UNIVERSITY OF ILLINOIS FOUNDATION 534259 true false false false false false false false false false 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 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 true true false false true true true true true true false false false IL X BUSEY BANK 2173654800 201 W MAIN ST URBANA IL 61801 X BUSEY BANK TRUSTEE X 0 0 0 0 0 0 false false false 234172 234172 140291 25881 114410 114410 952594 919741 32853 32853 381435 234172 534259 534259 99734 99734 2090 2090 999 999 6207 6207 643289 541465 101824 0 296368 116635 9509 1172222 25375 1147847 1146847 7503166 7422591 8947381 8695582 16631 16631 0 X 8930750 8695582 8930750 8695582 8947381 8695582 X -261854 26140 546 X false false false X X X 1 UNIVERSITY OF ILLINOIS FOUNDATION 376176582 5 true 534259 0 1 534259 0 true false false false false false false false false false false false false false false true false false 0 0 783083 381435 783083 381435 0 0 114404 101824 668679 279611 12036356 10688193 187708 117440 3347500 4449167 15571564 15254800 0 0 15571564 15254800 233573 228822 15337991 15025978 536830 525909 0 536830 525909 668679 568377 536830 568377 0 568377 0 0 0 0 0 0 0 0 568377 0 568377 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 568377 0 0 0 0 0 0 1138972 1138972 33250 25375 7875 1146847 LINE 1A The organization is a charitable trust; as such, it does not have any voting members. It is directed and managed by an independent corporate trustee, Busey Bank. LINE 12C The organization is a charitable trust. Its Trustee is Busey Bank. Busey Bank, as a separate organization, does have a written conflict of interest policy. Its officers, directions and employees are required to disclose annually interest that could give rise to conflicts. Busey Bank regularly and consistently monitors and enforces compliance with this policy through employee education and representation. LINE 13, 14 Busey Bank has a written whistleblowers policy and a written document retention and destruction policy. LINE 15 Busey Bank, as trustee of the Margaret Bloom Trust, sets it's fees based on its standard fee schedule used in assessing fees to all exempt organization clients. Its fee schedule is comparable to industry fee schedules in the area. LINE 19 Busey Bank makes available, upon request, the Trust agreement and amendments as well as financial statements. It also will make available the Companys conflict of interest policy. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a The organization is a charitable trust; as such, it does not have any voting members. It is directed and managed by an independent corporate trustee, Busey Bank. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a Actions of the corporate trustee are subject to regular review by oversight committees of the trust company; all meetings documented. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b Actions of the corporate trustee are subject to regular review by oversight committees of the trust company; all meetings documented. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW Busey Bank, as trustee, prepares the form 990 for the charitable trust, the form 990 is reviewed by both tax and administrative personnel at the trust company familiar with the charitable trust. A copy is provided to the University of Illinois, the supported organization. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c The organization is a charitable trust. Its trustee is Busey Bank. The trustee maintains a written conflict of interest policy. Its officers, directors and employees are required to annually disclose interests that could give rise to conflicts. Busey Bank monitors and enforces compliance with this policy through employee education and reporting. FORM 990, PAGE 6, PART VI, LINE 19 Busey Bank makes available, upon request, the Trust Agreement and amendments as well as financial statements (as included in its Form 990.) It also will make available the company's conflict of interest policy. EXPLANATION FOR FORM 990, PART XI, LINE 9 $145.84 ACCRUED INTEREST POSTED IN PREVIOUS YEAR AND TAXABLE IN CURRENT YEAR; $601.71 COST BASIS ADJUSTMENT; ($150.00) CO-OP STOCK REDEEMED; ($52.00) ROUNDING