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Veterans Post War Trust Fund
 

  

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Veterans Post War Trust Fund

Dear North Dakotans:

Thank you for visiting the Veterans Post War Trust Fund web page on the State Treasurerís 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 income to the Administrative Committee on Veterans Affairs (ACOVA) for grants and programs benefitting 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 am pleased to report over $315,000 in total earnings for the Veteranís Postwar Trust Fund for the 2011-13 biennium. As required by law, $262,371.92 has been distributed to the ACOVA for their programs. This represents FY 2012 earnings of $111,020.93 and FY 2013 earnings of $151,350.99. The remaining $53,032.94 increased the principal of the fund for the future benefit of our veterans.

In addition to these earnings, $250,000 was added to the principal with the passage of HB 1439. This brings the balance of the fund to over $4.8 million, before distributions.

I am proud of what we have been able to accomplish this biennium. These funds are now available to help meet the needs of those who have given so much.


Veterans Post War Trust Fund Status Report Fiscal Year 2012 (85kb pdf)
Veterans Post War Trust Fund Status Report Fiscal Year 2013 (85kb pdf)

Sincerely,

Kelly L. Schmidt
State Treasurer

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