2024-05-07T09:01:17-05:00 2023-12-31 346565596 ERNST & YOUNG US LLP 2100 E CARY ST SUITE 201 RICHMOND VA 23223 990 2023-01-01 036006322 ALBERTINI RINALDO TUW FBO UVM ALBE 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 199673 false X N/A X 1962 VT Trust was created to distribute its annual income to the University of Vermont, a public university, in order to defray the expenses of aworthy Junior, Senior or Post Graduate medical student who is studying diseases of the heart. 0 0 0 0 0 0 0 11696 12160 0 11696 12160 3646 4500 0 4211 4291 0 0 1043 1047 8900 9838 2796 2322 243887 246146 0 0 243887 246146 Trust was created to distribute its annual income to the University of Vermont, a public university, in order to defray the expenses of aworthy Junior, Senior or Post Graduate medical student who is studying diseases of the heart. false false 9838 4500 UNIVERSITY OF VERMONT SCHOOL OF MEDICINE 9838 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 false false false false false false false false false false false VT X M & T BANK ATTN KELLY KIMBALL 8026601494 1100 NORTH MARKET STREET WILMINGTON DE 198900001 M T BANK TRUSTEE X 4291 0 0 4291 0 0 false false false 6658 6658 193015 187513 5502 5502 12160 6658 4500 4500 4291 4291 900 900 147 147 9838 4500 5338 0 85 339 24130 15751 37175 182497 230056 243887 246146 0 0 X 243887 246146 243887 246146 243887 246146 X 2322 -63 X false false false X X X 1 UNIVERSITY OF VERMONT 030179440 7 true 4500 0 1 4500 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 Distributions are to the recipient organization, a public university that is a governmental entity, for educational purposes, namely to defray the educational cost of students. By paying these amounts to a governental entity for educational purposes, the Trust is assured that they are used for exempt purposes SECTION D PART 2 AND 3 The Trust has a close connection wit hthe University of Vermont. In addition to being the Trusts beneficiary, the Trust has an ongoing relationship with the organization, which inclused providing an annual statament to the organization, engaging in communications, and taking into account input that the beneficiary may have. SCH A PART V (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 Trust distributes annually, its net income to its supported organization, which is organized and operated exclusively for governmental and educational purposes.(ii) The Trust was created prior to November 20, 1970, and did not receive any SCH A PART V CONT. grant,contribution, bequest of other transfer on or after such date.(iii) Per the fourth paragraph of the last will and testament, the Trust is required to distribute all of its net income to the University of Vermont, the supported organization. All of the net income of the Trust is distributable and annually distributed to the supported organization for the specified charitable purposes. The SCH A PART V CONT. trust agreement 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 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 SCH A PART V CONT. 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 private foundation. 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 990 IS REVIEWED BY THE TRUSTEE FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST EXPLANATION FOR FORM 990, PART XI, LINE 9 2023 Transaction Posted in 2024 - -317.19/2022 Transaction Posted in 2023 - 266.62/Cost Basis Adjustment - -14.90/Rounding - 0.76