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← HOLL TRUST A MACALESTER COLLEGE

Form 990 for tax year 2024

Filed by HOLL TRUST A MACALESTER COLLEGE.

Totals

Total revenue
$6,200,598
Total expenses
$1,731,349
Contributions and grants received
$0
Grants paid
$1,557,869
Program service revenue
$0
Investment income
$6,200,598
Other revenue
$0
Total assets, end of year
$33,797,914
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$33,797,914
Program services expenses (Part IX)
$1,704,739
Management and general expenses
$26,610
Fundraising expenses
$0
Program service expenses (Part III)
$1,704,739

Program services were 98.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $466,384 · unrelated business -$3,160 · excluded $469,544

  • 7a · Gross sales of assets other than inventory

    securities $14,340,215

  • 7b · Less cost or other basis and sales expenses

    securities $8,606,001

  • 7c · Gain or loss

    securities $5,734,214

  • 7d · Net gain or loss

    total $5,734,214 · excluded $5,734,214

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,557,869 · program services $1,557,869

  • 5 · Compensation of officers, directors and key employees

    total $33,262 · program services $6,652 · management and general $26,610

  • 11c · Fees: accounting

    total $5,711 · program services $5,711

  • 11f · Fees: investment management

    total $127,665 · program services $127,665

  • 24a · Other expenses: TAXES

    total $6,842 · program services $6,842

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $28,253 · end of year $507,299

  • 12 · Investments: other securities

    beginning of year $32,248,196 · end of year $33,290,615

  • 29 · Capital stock, trust principal or current funds

    beginning of year $32,276,449 · end of year $33,797,914

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF MACALESTER COLLEGE, FOR ITS UNRESTRICTED CHARITABLE PURPOSES.

Activities or mission (Part I)

OPERATED EXCLUSIVELY FOR THE BENEFIT OF MACALESTER COLLEGE, FOR UNRESTRICTED CHARITABLE PURPOSES.

  • SUPPORT FOR MACALESTER COLLEGE.

    Expenses $1,704,739 · Grants $1,557,869

As filed on the 2024 return.

Listed in Part VII

  • Gary Martin

    CIO - MACALESTER COLLEGE ( THRU 8/24)

    Total calculated
    $568,568
    From this org
    $0
    From related orgs
    $519,638
    Other
    $48,930
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,236 related
    Bonus
    $0 + $62,000 related
    Other
    $0 + $190,402 related
    Deferred
    $0 + $31,270 related
    Nontaxable benefits
    $0 + $17,660 related
    Filer's total
    $0 + $568,568 related

  • First Trust Company LLC

    INSTITUTIONAL TRUSTEE

    Total calculated
    $33,262
    From this org
    $33,262
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF TRUSTEES' SENIOR LEADERSHIP REVIEW COMMITTEE OF MACALESTER COLLEGE RECEIVES INFORMATION REGARDING THE COMPENSATION OF THE COLLEGE'S SENIOR LEADERSHIP POSITIONS ALONG WITH RELEVANT PEER GROUP COMPARATIVE DATA. FINAL DECISIONS REGARDING THE SALARIES OF THOSE INDIVIDUALS ARE THE RESPONSIBILITY OF THE PRESIDENT.
PART I, LINE 4A
GARY MARTIN - SEVERANCE PAYMENT - $148,134
PART I, LINE 7
GARY MARTIN RECEIVED RETENTION PAYMENT TO REMAIN AT RELATED ORGANIZATION UNTIL AUGUST 30, 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202542889349301509

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