2025-05-01T16:01:21-05:00 2024-12-31 346565596 ERNST & YOUNG US LLP 155 N WACKER DRIVE CHICAGO IL 60606 990 2024-01-01 956116439 ROSS BEASON RESIDUARY TRUST BEAS 3126306000 PO BOX 803878 CHICAGO IL 60680 THE NORTHERN TRUST COMPANY OFFICER 3126306000 2025-04-16 true true JASON BELOT P00183464 3128792000 2025-04-16 2024 2025-03-06 01:10:19Z SAME AS 'C' ABOVE 841610 false X N/A X 1964 CA TO SUPPORT THE CULVER EDUCATIONAL FOUNDATION 2 0 0 0 0 0 0 162189 167487 0 162189 167487 90746 118709 0 35382 38568 0 0 4847 4415 130975 161692 31214 5795 4563048 4569169 0 0 4563048 4569169 TO SUPPORT THE CULVER EDUCATIONAL FOUNDATION false false 118709 118709 GRANT PAID TO SUPPORTED ORGANIZATION - CULVER EDUCATIONAL FOUNDATION 118709 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 true false false false false false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false false false false false false X 2 0 false false false false false false false true false false false true true true true false true false false false CA IL X X NORTHERN TRUST NA 3126306000 PO BOX 803878 CHICAGO IL 60680 NORTHERN TRUST N A TRUSTEE 40.0 X 38568 0 0 38568 0 0 false false false 172941 172941 668669 674123 -5454 -5454 -5454 167487 167487 118709 118709 38568 38568 2500 2500 FOREIGN TAX ON INVESTMENT 1883 1883 IL ATTORNEY GENERAL 15 15 ADR FEES 17 17 161692 118709 42983 0 300342 289291 4262706 4279878 4563048 4569169 0 0 X 4563048 4569169 4563048 4569169 4563048 4569169 X 5795 326 X false false false X X 1 CULVER EDUCATIONAL FOUND 350868071 2 true 118709 0 1 118709 0 true false false false false false false false false false false true 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 PART IV, SECTION D LINE 2 & 3 LINES 2 AND 3 OF SECTION D OF PART IV OF THIS SCHEDULE A ARE DESIGNED TO ELICIT CONFIRMATION THAT THE SUPPORTING ORGANIZATION SATISFIES THE TWO ELEMENTS OF THE "RESPONSIVENESS TEST," i.e., THAT THE TRUSTEES OF THE SUPPORTING ORGANIZATION AND ITS SUPPORTED CHARITY(ies) HAVE A CLOSE AND CONTINUOUS RELATIONSHIP (TREASURY REGULATION SECTION 1.509(a)-4(i)(3)(ii)), AND THAT, AS A RESULT OF PART IV, SECTION D LINE 2 & 3 THAT RELATIONSHIP, THE SUPPORTED CHARITY(ies) HAVE A SIGNIFICANT VOICE IN THE OPERATION OF THE SUPPORTING ORGANIZATION (TREASURY REGULATION SECTION 1.509(a)-4(i)(3)(iii)). WE BELIEVE THIS ORGANIZATION MEETS THE RESPONSIVENESS TEST DESCRIBED UNDER TREASURY REGULATIONS SECTION 1.509(a)-4(i)(3). THE ROSS BEASON RESIDUARY TRUST (THE TRUST) IS A SUPPORTING ORGANIZATION DESCRIBED IN IRC PART IV, SECTION D LINE 2 & 3 SECTION 501(c)(3). IT IS A TRUST AND WAS CREATEDD IN 1964 UNDER THE LAST WILL AND TESTAMENT OF ROSS BEASON. THE SOLE PURPOSE OF WHICH WAS AND CONTINUES TO BE THE DISTRIBUTION OF THE ENTIRE NET INCOME UP TO A MAXIMUM OF $24,000 ANNUALLY TO CULVER EDUCATIONAL FOUNDATION FOR EXCLUSIVE PURPOSE OF MAINTAINING ETC, THE ELVERA BEASON MEMORIAL PARK. THE CULVER EDUCATIONAL FOUNDATION IS A CHARITABLE ORGANIZATION PART IV, SECTION D LINE 2 & 3 DESCRIBED UNDER 509(a)(1). THE NORTHERN TRUST COMPANY ("TRUSTEE"), A BANK, IS THE SOLE SUCCESSOR TRUSTEE OF THE TRUST. REPRESENTATIVES OF THE TRUSTEE AND AN OFFICER OF THE CULVER FOUNDATION HAVE PERIODIC CONFERENCE CALLS DURING WHICH THEY DISCUSS THE TRUST'S INVESTMENT PERFORMANCE AND POLICIES. THE OFFICER OF THE INSTITUTE IS GIVEN THE OPPORTUNITY TO ASK QUESTIONS REGARDING THE INVESTMENTS AND PART IV, SECTION D LINE 2 & 3 DISTRIBUTIONS. THE TRUSTEE COMMUNICATES REGULARLY WITH THE CULVER FOUNDATION. THE TERMS OF THE DISTRIBUTIONS ARE DETERMINED BY THE TRUST DOCUMENT. NORTHERN TRUST PROVIDES THE OFFICER OF THE CULVER FOUNDATION WITH REGULAR INVESTMENT STATEMENTS AND PERFORMANCE REPORTS AND THE INFORMATION REQUIRED UNDER TREASURY REGULATION SECTION 1.509(a)-4(i)(2). PART V THE ROSS BEASON RESIDUARY TRUST (THE TRUST) FULFILLS THE INTEGRAL PART TEST OF TREASSURY REGULATION SECTION 1.509(a)-4(i)(5)(i)(B), WHICH PROVIDES THAT CERTAIN OLD SUPPORTING ORGANIZATIONS THAT MEET THE REQUIREMENTS OF TREASURY REGULATION SECTION 1.509(a)-4(i)(9), ARE NOT REQUIRED TO MEET EITHER THE DISTRIBUTION REQUIREMENT OR THE ATTENTIVENESS REQUIREMENT. THE TRUST WAS CREATED AND IRREVOCABLE IN PART V 1964 AND HAS BEEN DEDICATED TO MAKING DISTRIBUTIONS OF ALL OF ITS NET INCOME UP TO $24,000 ANNUALLY TO CULVER EDUCATIONAL FOUNDATION FOR EXCLUSIVE PURPOSE OF MAINTAINING ETC., THE ELVERA BEASON MEMORIAL PARK. FOR THIS REASON, THE TRUST MEETS THE FIVE REQUIREMENTS OF TREASURY REGULATION SECTION 1.509(a)-4(i)(9): PART V 1. THE TRUST IS WHOLLY CHARITABLE AND BENEFITS ONLY A QUALIFIED CHARITY AND WOULD HAVE QUALIFIED FOR AN ESTATE TAX CHARITABLE DEDUCTION. 2. THE TRUST WAS CREATED AND IRREVOCABLE IN 1964, PRIOR TO NOVEMBER 20, 1970. 3. THE TRUST MUST DISTRIBUTE ALL NET INCOME UP TO $24,000 TO THE CULVER EDUCATIONAL FOUNDATION ANNUALLY. PART V 4. THE TRUSTEE DOES NOT HAVE DISCRETION TO CHOOSE ANOTHER SUPPORTED CHARITY. THE AMOUNTS DISTRIBUTED TO THE CHARITY ARE FIXED AND NOT SUBJECT TO FIDUCIARY DISCRETION. 5. NORTHERN IS THE SOLE SUCCESSOR TRUSTEE OF THE TRUST AND IS NOT A DISQUALIFIED PERSON WITHIN THE MEANING OF CODE SECTION 4946(a) (OTHER THAN BY VIRTUE OF ITS STATUS AS A TRUSTEE). true CULVER EDUCATIONAL FOUNDATION 1300 ACADEMY ROAD 159 CULVER IN 46511 350868071 501(c)(3) 118709 ELVERA W. BEASON MEMORIAL PARK & SCHOLARSHIPS EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 MEETINGS AT LEAST ANNUALLY WITH SUPPORTED ORGANIZATION EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b NOT APPLICABLE FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW A COPY OF FORM 990 IS SENT TO THE TRUSTEE FOR REVIEW AND COMMENTS EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c ANNUAL ACKNOWLEDGEMENT BY TRUSTEE FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST EXPLANATION FOR FORM 990, PART XI, LINE 9 2023 TRANSACTIONS POSTED IN 2024 $1,269.45; 2024 TRANSACTIONS POSTED IN 2025 $-944.02; ROUNDING $1 CULVER EDUCATIONAL FOUNDATION 1300 ACADEMY ROAD 159 CULVER IN 46511 350868071 EDUCATIONAL ORGANIZATION IN 501(c)(3) 7 N/A false false true false false false false false false false false false false false false false false false false false