2024-12-10T12:01:11-06:00 2024-07-31 346565596 ERNST & YOUNG US LLP 2100 E CARY ST SUITE 201 RICHMOND VA 23223 990 2023-08-01 036005083 PROCTOR M TUW FBO SCHOOL AND CHURCH PROC 8027865503 1100 NORTH MARKET STREET WILMINGTON DE 198900001 BRENT HEINTZELMAN SVP 8027865503 2024-11-08 true true SANDRA MURPHY P01252209 8043446000 2024-11-08 2023 2024-10-15 13:58:12Z AMY THOMPSON 1100 NORTH MARKET STREET WILMINGTON DE 19890 19517 false X N/A X 1901 VT TRUST WAS CREATED FOR THE EDUCATIONAL AND RELIGIOUS PURPOSES TO BENEFIT THE QUARRY VALLEY SCHOOL DISTRICT AND UNION CHURCH OF PROCTOR IN THE COMMUNITY OF PROCTOR VERMONT 0 0 0 0 0 0 0 9158 11891 0 9158 11891 10807 9928 0 3036 3072 0 0 900 1337 14743 14337 -5585 -2446 197436 194944 0 0 197436 194944 TRUST WAS CREATED FOR THE EDUCATIONAL AND RELIGIOUS PURPOSES TO BENEFIT THE QUARRY VALLEY SCHOOL DISTRICT AND UNION CHURCH OF PROCTOR IN THE COMMUNITY OF PROCTOR VERMONT false false 14336 9928 11891 QUARRY VALLEY S.D. AND UNION CHURCH OF PROCTOR 14336 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 true false false false false false false VT X M & T Bank 8027865503 1100 NORTH MARKET STREET WILMINGTON DE 198900001 M & T Bank TRUSTEE X 3972 0 0 3972 0 0 false false false 5300 5300 14217 7626 6591 6591 11891 5300 9928 9928 3072 3072 900 900 437 437 14337 9928 4409 0 10246 13380 187190 181564 197436 194944 0 0 X 197436 194944 197436 194944 197436 194944 X -2446 -46 X false false false X X X 2 UNION CHURCH OF PROCTOR INC 036009103 1 true 4964 0 QUARRY VALLEY UNIFIED UNION SD 822775798 2 true 4964 0 2 9928 0 true false false false false false false false false false false false false false false true false true X true true false false 0 0 0 0 0 0 SECTION D PART 2AND 3 The Trust has a close connection with the Village of Proctor School District and the Union Church of Proctor, Inc. In addition to being the Trusts beneficiaries, the Trust has an ongoing relationship with each organization, which includes providing an annual statement to the organization, engaging in communications, and taking into account input that the beneficiary may have. SECTION E. PART 2 Per the last will and testament, the sole purpose of the Trust is to support the Village of Proctor School District and the Union Church of Proctor, Inc., the supported organizations. The Trust annually pays out 5 percent of the rolling average of the 12/31 market value over the past 5-years as allowed under Vermont state statute, one half o to the Village of Proctor School District and one half to the SECTION E PART 2 Union Church of Proctor, Inc. As stated in Part IV, narrative description of activities, the beneficiaries and the Trust have a historic and ongoing relationship with regular meetings, which gives the beneficiaries a significant voice in the Trusts activities. Through this, the Village of Proctor School District and the Union Church of Proctor, Inc. maintain a close and continuing SECTION E PART 2 working relationship with the Trusts trustee. The Trust annually provides the supported organizations with written notice describing the type and amount of all support provided to the supported organization during the supported organizations tax year. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7a N/A EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7b N/A 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 ALL GOVERNING DOCUMENTS ARE HELD BY THE TRUSTEE FORM 990, PAGE 7, PART VII, SECTION A M&T BANK, TRUSTEE, HOURS AS NEEDED EXPLANATION FOR FORM 990, PART XI, LINE 9 2023 Transaction Posted in 2024 -$221.98, 2022 Transaction Posted in 2023 $175.00, Adjustment to Income -$0.22, Expected Rounding -$0.04