Dear North Dakotans:
Thank you for visiting the Veterans Post War Trust Fund web page on the State Treasurer’s website. I hope you will find this page informative and easy to use.
In 1996, North Dakota citizens voted to create a constitutionally protected trust fund to provide benefits to existing and future veterans and their families. The State Treasurer is the trustee of the fund, which is to be invested to both survive in perpetuity and provide annual income to the Administrative Committee on Veterans Affairs (ACOVA) for use for grants and programs that will benefit our veterans. I am honored by this responsibility. Veterans deserve our utmost respect, and it is my duty to ensure that the Veterans Post War Trust Fund continues to grow to meet the needs of our current and future veterans.
I have diversified the fund to provide income, growth and security. In the spirit of complete transparency and to ensure that all citizens may see their dollars at work, we will post a monthly report detailing the status of the fund. You will find those reports posted below.
The 2011 legislature enacted HB 1468 providing a general fund appropriation of $210,000 to the Department of Veterans Affairs for the 2011-13 biennium. This appropriation is to be used in the place of current earnings from the Veterans Post War Trust Fund. The bill also requires the Treasurer to hold current earnings in the trust for distribution in the 2013-15 biennium. This change provides ACOVA the opportunity to budget their programs with full knowledge of the amount available for the benefit of North Dakota’s veterans.
Veterans Post War Trust Fund Period ending June 30, 2009. (209kb pdf)
Veterans Post War Trust Fund Status Report Fiscal Year 2010 (85kb pdf)
Veterans Post War Trust Fund Status Report Fiscal Year 2011 (85kb pdf)
Veterans Post War Trust Fund Status Report Fiscal Year 2012 (85kb pdf)
Sincerely,
Kelly L. Schmidt
State Treasurer
