Image: Image for News Item: Court to conduct tri-annual review of Blandin Trust
Court to conduct tri-annual review of Blandin Trust
GRAND RAPIDS, Minn. (Nov. 12, 2009) – Officials from the Blandin Foundation and the Charles K. Blandin Residuary Trust head to St. Paul soon for the every-three-year review by Ramsey County District Court of the Trust’s distributions to the Foundation.
Ever since the Foundation was established in 1941, the Court has reviewed the Trust.
Years 2006-2008 will be reviewed November 20, 2009, at 9:00 a.m. at the Ramsey County Courthouse in St. Paul, with Judge Margaret Marrinan presiding. The hearing is open to the public, and the Minnesota Attorney General’s office is, by law, in attendance at the hearing. (Official notice of the hearing was published in October in the St. Paul Legal Ledger and Grand Rapids Herald-Review.)
“We look forward to meeting again with Judge Marrinan and updating her on the Foundation’s work,” said Jim Hoolihan, Blandin Foundation president. “Healthy organizations are transparent and accountable, and Mr. Blandin had great foresight in building regular Court reviews into the plans for his trust and foundation.”
When Grand Rapids resident and paper-mill owner Charles Blandin established his foundation in 1941, he also established the Charles K. Blandin Residuary Trust. The Trust’s role is to invest and grow the assets left by Mr. Blandin for the Foundation.
Blandin Foundation, the sole beneficiary of the Charles K. Blandin Residuary Trust, is Minnesota’s largest rural-focused private foundation and one of only a handful in the nation focused exclusively on rural communities. The Foundation works to strengthen rural Minnesota communities, especially the Grand Rapids area, through grants, leadership development programs and public policy initiatives.
More on the history of the Foundation, the Trust and past court reviews is available at www.BlandinFoundation.org/about.
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For additional information, contact:
Allison Rajala Ahcan
Director of Communications, Blandin Foundation
direct: 218-327-8717
cell: 218-259-2893