TY 2023 Form 990

- TIN:

Form990

Department of the TreasuryInternal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

A For the 2023 calendar year, or tax year beginning 09-01-2023 , and ending 08-31-2024

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
CASQUE AND GAUNTLET TRUST

Doing business as

Number and street (or P.O. box if mail is not delivered to street address)
315 OLD SHARON RD

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PETERBOROUGH, NH03458

D Employer identification number

02-0306381

E Telephone number

G Gross receipts $ 2,246,963

F Name and address of principal officer:
TRACY WALSH
8 WOODMORE DR
HANOVER,NH03755

Tax-exempt status: 501(c)(3) 501(c) ( 2 ) (insert no.) 4947(a)(1) or 527

Website:

WWW.CASQUEANDGAUNTLET.COM

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. See instructions.

H(c)

Group exemption number

K Form of organization: Corporation Trust Association Other

L Year of formation:

M State of legal domicile:

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: ORGANIZATION, IN SUPPORT OF A 501 (C) (3) COLLEGE.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	8
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	8
5	Total number of individuals employed in calendar year 2023 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........		0
9	Program service revenue (Part VIII, line 2g) .........		0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	294	1,819,417
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	126,306	46,773
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	126,600	1,866,190
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...		2,260,041
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)		0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	155,622	127,339
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	155,622	2,387,380
19	Revenue less expenses. Subtract line 18 from line 12.......	-29,022	-521,190
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	521,190	0
21	Total liabilities (Part X, line 26).............	21,100	0
22	Net assets or fund balances. Subtract line 21 from line 20.....	500,090	0

Part II

Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name

Firm's EIN

Firm's address

Phone no.

May the IRS discuss this return with the preparer shown above? See Instructions. ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2023)

Form 990 (2023)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III..............

Briefly describe the organization’s mission: ORGANIZATION, IN SUPPORT OF A 501 (C) (3) COLLEGE.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ..................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ........................... Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	DURING THIS FISCAL YEAR (AS HAS BEEN THE CASE SINCE 2020 WHEN THE COVID PANDEMIC FORCED A DRAMATIC CHANGE IN OUR ORGANIZATION), THE ORIGINAL MISSION-RELATED ACTIVITIES OF THE TRUST WERE NO LONGER EITHER ACTIONABLE OR RELEVANT. HOWEVER, DURING THIS FISCAL YEAR, THE TRUST/TRUSTEES SUCCESSFULLY ACCOMPLISHED SEVERAL IMPORTANT THINGS INCLUDING: A) DETERMINING A PATH FORWARD CONSISTENT WITH THE TRUST'S MISSION AND CHARTER; B) SECURING RESOURCES TO EXECUTE ON THIS, INCLUDING BY SELLING OFF THE ASSETS/PROPERTY HELD BY THE TRUST (I.E. 1 S. MAIN ST, HANOVER, NH) TO DARTMOUTH COLLEGE AT AN APPRAISED FAIR MARKET VALUE AND IN A MANNER CONSISTENT WITH THE PROVISIONS OF ITS CHARTER; C) DONATING ALL OF ITS CASH INCLUDING THAT RECEIVED FROM THE SALE OF 1 S MAIN ST AND ALL RESIDUAL CASH FROM OPERATIONS TO DARTMOUTH COLLEGE IN SUPPORT OF A SPECIFIC NEW PROGRAM AT DARTMOUTH THAT CLOSELY MATCHED THE ORIGINAL MISSION OF THE TRUST AND IN A MANNER CONSISTENT WITH THE PROVISIONS OF ITS CHARTER; D) WITH SUPPORT FROM OUTSIDE COUNSEL (WHO ALSO ADVISED ON THE ABOVE ACTIONS) AND IN A MANNER CONSISTENT WITH THE PROVISIONS OF ITS CHARTER, EXECUTING A FINAL DISSOLUTION OF THE TRUST EFFECTIVE AUGUST 29 2024, GIVEN THAT, FOLLOWING THE DONATIONS TO DARTMOUTH, THE TRUST NO LONGER HAD RESIDUAL MISSION OR RESOURCES, AND ITS ORIGINAL MISSION HAD BEEN FULFILLED TO THE BEST OF THE TRUSTEES' ABILITY. NO TRUSTEE RECEIVED ANY FINANCIAL OR NON-FINANCIAL BENEFIT VIA THE ACTIONS TAKEN DURING THIS FINAL FISCAL YEAR (OR BEFORE THAT) IN ACCOMPLISHING THE ABOVE. NO TRUSTEE WAS EVER PAID OR RECEIVED NON-CASH REMUNERATION FOR THEIR TIME OR SERVICES ON BEHALF OF THE TRUST

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

Form 990 (2023)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A.....................

Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. ...

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II.........

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Yes," complete Schedule C, Part III..

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I.........................

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II....

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part III..............

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV..............

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part V......

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. ...................

11a

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII.......

11b

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX............

11d

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X

11e

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X

11f

12a

Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XII......................

12a

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional

12b

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E

14a

Did the organization maintain an office, employees, or agents outside of the United States? .....

14a

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........

14b

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..... Click to see attachment

List of Attached Documents:

// Content

Yes

Form 990 (2023)

Page 4

Part IV

Checklist of Required Schedules (continued)

Yes

Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment

List of Attached Documents:

// Content

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J.......................

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............

24a

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I.......................

25b

Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........

Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?

If "Yes," complete

Schedule L, Part III.........................

Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................

28a

A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....

28b

A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I Click to see attachment

List of Attached Documents:

// Content

Yes

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................ Click to see attachment

List of Attached Documents:

// Content

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...

35b

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI

Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Part V

Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........

Yes

Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..

Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Form 990 (2023)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance (continued)

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Did the organization have unrelated business gross income of $1,000 or more during the year?...

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..

If "Yes," enter the name of the foreign country:
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................

If "Yes," did the organization notify the donor of the value of the goods or services provided? .....

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................

Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........

Sponsoring organizations maintaining donor advised funds.

Did the sponsoring organization make any taxable distributions under section 4966?........

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.

Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.

Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.

Form 990 (2023)

Page 6

Part VI

Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Yes

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .......................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Yes

Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Did the organization have a written document retention and destruction policy? .........

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Other officers or key employees of the organization ................

15b

If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Section C. Disclosure

List the states with which a copy of this Form 990 is required to be filed

Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, address, and telephone number of the person who possesses the organization's books and records:
TRACY WALSHPO BOX 319 HANOVER,NH03755 (802) 649-1122

Form 990 (2023)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) TRACY WALSH...................................................................... TREASURER	2.00 .................		X	0	0	0
(2) EDWIN M KANIA...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(3) JAMES W STEIN...................................................................... TRUSTEE	0.50 .................	X		0	0	0
(4) FREDERICK H STEPHENS JR...................................................................... TRUSTEE	0.25 .................	X		0	0	0
(5) DAVID M TILLINGHAST...................................................................... TRUSTEE	1.00 .................	X		0	0	0
(6) THOMAS J TOMAI...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(7) JAMES WOOSTER...................................................................... TRUSTEE	0.50 .................	X		0	0	0
(8) SARAH E WORLEY...................................................................... TRUSTEE	0.50 .................	X		0	0	0

Form 990 (2023)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)						(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization

Form 990 (2023)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII.............

(A)
Total revenue

(B)
Related or
exempt
function
revenue

(D)
Revenue
excluded from
tax under sections
512 - 514

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....

3 Investment income (including dividends, interest, and othersimilar amounts) ......			190			190
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a		2,200,000
b	Less: cost or other basis and sales expenses	7b		380,773
c	Gain or (loss)	7c		1,819,227
d	Net gain or (loss).........			1,819,227	1,819,227
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..

Business Code
11a	REIMBURSEMENTS FROM DARTMOUTH		531390	46,773	46,773
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			46,773
12	Total revenue. See instructions.....			1,866,190	1,866,000		190

Form 990 (2023)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	2,260,041
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	28,765
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	12,807
23	Insurance ...
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PROFESSIONAL FEES	57,374
b	ADMINISTRATION EXPENSES	14,822
c	CLEANING / MAINTENANCE	13,571
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	2,387,380	0	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Form 990 (2023)

Page 11

Part X

Balance Sheet

Check if Schedule O contains a response or note to any line in this Part IX..............

				(A) Beginning of year		(B) End of year

1	Cash–non-interest-bearing ........		8,804	1
2	Savings and temporary cash investments .........		118,806	2
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............			4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......			9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b	393,580	10c
11	Investments—publicly traded securities .			11
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........			15
16	Total assets. Add lines 1 through 15 (must equal line 33)...		521,190	16	0

17	Accounts payable and accrued expenses .....	21,100	17
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	21,100	26	0

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds	500,090	31
32	Total net assets or fund balances ...........	500,090	32	0
33	Total liabilities and net assets/fund balances ........	521,190	33	0

Form 990 (2023)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI..............

Total revenue (must equal Part VIII, column (A), line 12) ............

1,866,190

Total expenses (must equal Part IX, column (A), line 25) ............

2,387,380

Revenue less expenses. Subtract line 2 from line 1 ..............

-521,190

Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..

500,090

Net unrealized gains (losses) on investments ...............

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

21,100

Other changes in net assets or fund balances (explain in Schedule O) ........

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII.............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Uniform Guidance, 2 C.F.R. Part 200, Subpart F?

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Form 990 (2023)

Additional Data

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Form 990, Special Condition Description:

Special Condition Description

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Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization
CASQUE AND GAUNTLET TRUST

Employer identification number
02-0306381

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of noncash assistance	(h) Purpose of grant or assistance
(1) DARTMOUTH DIALOGUES PROJECT 6066 DEVELOPMENT OFFICE HANOVER,NH03755	02-0222111	170	2,250,000		CASH		SUPPORT
(2) DARTMOUTH DIALOGUES PROJECT 6066 DEVELOPMENT OFFICE HANOVER,NH03755	02-0222111	170	10,041		CASH		SUPPORT

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2023

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1)
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference	Explanation

Schedule I (Form 990) 2023

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SCHEDULE N
(Form 990)

Department of the Treasury
Internal Revenue Service

Liquidation, Termination, Dissolution, or Significant Disposition of Assets
Right arrow

Complete if the organization answered "Yes" on Form 990, Part IV, lines 31 or 32; or Form 990-EZ, line 36.
Right arrow

Attach certified copies of any articles of dissolution, resolutions, or plans.
Right arrow

Attach to Form 990 or 990-EZ.
Right arrow

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization
CASQUE AND GAUNTLET TRUST

Employer identification number
02-0306381

Part I

Liquidation, Termination, or Dissolution. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 31, or Form 990-EZ, line 36. Part I can be duplicated if additional space is needed.

1(a) Description of asset(s) distributed or transaction expenses paid	(b) Date of distribution	(c) Fair market value of asset(s) distributed or amount of transaction expenses	(d) Method of determining FMV for asset(s) distributed or transaction expenses	(e) EIN of recipient	(f) Name and address of recipient	(g) IRC section of recipient(s) (if tax-exempt) or type of entity
SALE OF 1 S. MAIN ST	01-24-2024	2,000,000	APPRAISAL	02-0306381	TRUSTEES OF DARTMOUTH COLLEGE 6066 DEVELOPMENT OFFICE HANOVER,NH037554400	501C3
SALE OF FURNISHINGS	01-24-2024	200,000	AGREEMENT	02-0306381	TRUSTEES OF DARTMOUTH COLLEGE 6066 DEVELOPMENT OFFICE HANOVER,NH037554400	501C3
CASH TO DARTMOUTH DIAL	01-24-2024	2,250,000	CASH	02-0222111	TRUSTEES OF DARTMOUTH COLLEGE 6066 DEVELOPMENT OFFICE HANOVER,NH03755	501C3
CASH TO DARTMOUTH DIAL	08-28-2024	10,041	CASH	02-0222111	TRUSTEES OF DARTMOUTH COLLEGE 6066 DEVELOPMENT OFFICE HANOVER,NH03755	501C3

Yes

Did or will any officer, director, trustee, or key employee of the organization:

Become a director or trustee of a successor or transferee organization? ...........................

Become an employee of, or independent contractor for, a successor or transferee organization? .....................

Become a direct or indirect owner of a successor or transferee organization? .....................

Receive, or become entitled to, compensation or other similar payments as a result of the organization's liquidation, termination, or dissolution? ........

If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. Right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50087Z

Schedule N (Form 990) (2023)

Page 2

Part I

Liquidation, Termination, or Dissolution (continued)

Note. If the organization distributed all of its assets during the tax year, then Form 990, Part X, column (B), line 16 (Total assets), and line 26 (Total liabilities), should equal -0-.

Yes

Did the organization distribute its assets in accordance with its governing instrument(s)? If "No," describe in Part III .............

Yes

Is the organization required to notify the attorney general or other appropriate state official of its intent to dissolve, liquidate, or terminate? ......

If "Yes," did the organization provide such notice? .....................

Did the organization discharge or pay all of its liabilities in accordance with state laws? .....................

Yes

Did the organization have any tax-exempt bonds outstanding during the year? .....................

If "Yes" on line 6a, did the organization discharge or defease all of its tax-exempt bond liabilities during the tax year in accordance with the Internal Revenue Code and state laws?

If "Yes" on line 6b, describe in Part III how the organization defeased or otherwise settled these liabilities. If "No" on line 6b, explain in Part III.

Part II

Sale, Exchange, Disposition, or Other Transfer of More Than 25% of the Organization's Assets. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 32, or Form 990-EZ, line 36. Part II can be duplicated if additional space is needed.

1(a) Description of asset(s) distributed or transaction expenses paid	(b) Date of distribution	(c) Fair market value of asset(s) distributed or amount of transaction expenses	(d) Method of determining FMV for asset(s) distributed or transaction expenses	(e) EIN of recipient	(f) Name and address of recipient	(g) IRC section of recipient(s) (if tax-exempt) or type of entity

Yes

Did or will any officer, director, trustee, or key employee of the organization:

Become a director or trustee of a successor or transferee organization? .........................

Become an employee of, or independent contractor for, a successor or transferee organization? .....................

Become a direct or indirect owner of a successor or transferee organization? .....................

Receive, or become entitled to, compensation or other similar payments as a result of the organization's significant disposition of assets? ........

If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. Right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50087Z

Schedule N (Form 990) (2023)

Page 3

Part III

Supplemental Information. Provide the information required by Part I, lines 2e and 6c, and Part II, line 2e. Also complete this part to provide any additional information.

Return Reference	Explanation

SCHEDULE N

ADDITIONAL BACKGROUND ON THE SALE OF ASSETS BY C&G TRUST TO DARTMOUTH AND THE DONATION OF ALL PROCEEDS TO DARTMOUTH (FROM AN EXCERPT OF AN UPDATE SENT IN JANUARY 2024 TO ALL C&G MEMBERS BY THE TRUSTEE): TO OUR DELIGHT, WHEN SIAN BEILOCK AGREED TO BECOME DARTMOUTH'S 19TH PRESIDENT, SHE BROUGHT WITH HER A PRIORITY TO EMPHASIZE EXPOSURE TO DIVERSE PERSPECTIVES AS A TOOL FOR LEARNING AND THE DEVELOPMENT OF RESPECTFUL DIALOGUE - WHICH WILL SOUND QUITE FAMILIAR TO C&G ALUMNI. JUST OVER A MONTH AGO, DARTMOUTH APPROACHED THE TRUST TO ASK IF A WAY COULD BE FOUND TO DEPLOY ITS ASSETS IN A MANNER THAT MIGHT SUPPORT THE NEW DARTMOUTH DIALOGUES PROJECT THAT WOULD SOON BE PUBLICLY ANNOUNCED. IN CASE YOU'VE MISSED THE RECENT COVERAGE, DARTMOUTH DIALOGUES IS AN INTEGRATION OF MANY EFFORTS EMPLOYING DEVELOPMENTS IN PEDAGOGICAL SCIENCE TO MAXIMIZE LEARNING AND GROWTH AMONG STUDENTS BY EXPOSING THEM TO DIFFERENT PERSPECTIVES IN RESPECTFUL DISCOURSE. THE LAUNCHING ANNOUNCEMENT CAN BE FOUND HERE. THERE IS ALSO A SHORT VIDEO: CREATING A BRAVE ENVIRONMENT. TO ADVANCE DISCUSSIONS BETWEEN DARTMOUTH AND THE TRUST, ON DECEMBER 20TH PRESIDENT BEILOCK CAME TO 1 MAIN STREET WITH SOME OF HER LEADERSHIP TEAM. SHE TOURED THE BUILDING AND SAT IN THE GRAIL ROOM. WHEN SHE LOOKED UP, SHE SAW THAT SHE WAS DIRECTLY UNDER THE WORDS "BE BOLD - BE BRAVE" THAT ARE ENGRAVED INTO THE CHANDELIER ABOVE THE ROUND TABLE. THIS SEEMED A FITTING SENTIMENT FOR THE OCCASION AS WELL AS FOR THE EXCITING AND COURAGEOUS DARTMOUTH DIALOGUES INITIATIVE THAT SHE IS PIONEERING. OUR SUBSEQUENT CONVERSATION WAS OPEN AND WIDE-RANGING AND INCLUDED AN OVERVIEW OF C&G'S RICH HISTORY AND MISSION. AMONG OTHER THINGS, PRESIDENT BEILOCK LEARNED ABOUT HOW, FOR MORE THAN 135 YEARS, CASQUE AND GAUNTLET HAS BEEN KNOWN AS A PRESTIGIOUS SENIOR SOCIETY, ATTRACTING MANY STUDENT LEADERS. THE CAMARADERIE THAT DEVELOPED BETWEEN MEMBERS FROM DIFFERENT BACKGROUNDS AND PERSPECTIVES OFTEN OPENED MINDS AND MADE LASTING FRIENDSHIPS. THE SIMILARITY OF PURPOSES BETWEEN THE DARTMOUTH DIALOGUES PROJECT AND THE TRUST'S CHARTER MISSION ALLOWED FOR AN AGREEMENT TO QUICKLY TAKE SHAPE. THE SALE OF THE BUILDING FORMALLY CLOSED ON JANUARY 24TH. IN ACCORDANCE WITH PROVISIONS OF THE TRUST'S CHARTER, ALL FUNDS GENERATED WERE CONTRIBUTED BACK TO DARTMOUTH. THE TRUST WAS ABLE TO PLEDGE A TOTAL OF 2,250,000 TO THE COLLEGE, LARGELY FROM THE PROCEEDS FROM THE SALE OF THE BUILDING. AS PRESIDENT BEILOCK COMMENTED IN DARTMOUTH'S PRESS RELEASE, "I'M DELIGHTED THAT 1 SOUTH MAIN ST. HAS RETURNED TO DARTMOUTH. WE LOOK FORWARD TO A THOUGHTFUL PROCESS THAT WILL EXAMINE POTENTIAL FUTURE USES SO THE PROPERTY MAY CONTINUE TO SERVE AN IMPORTANT PURPOSE, REFLECTING ITS STORIED PAST. IN ADDITION, WE ARE EXTREMELY GRATEFUL FOR THE MEANINGFUL GIFT FROM THE TRUST TO PROMOTE DIALOGUE AND THE EXPLORATION OF HETERODOX VIEWS, PARTICULARLY AMONG DARTMOUTH'S STUDENTS." THE TRUST HAS NOW BEGUN THE PROCESS OF WINDING DOWN ITS OPERATIONS. CASQUE & GAUNTLET INC, WHICH FORMERLY RAN THE SENIOR SOCIETY PROGRAM, IS ALSO IN FINAL DISSOLUTION. DESPITE OUR GREAT SADNESS ABOUT THE ABOVE REALITIES AS WELL AS THE LOSS OF OUR TREASURED RESIDENCE, THE TRUSTEES ARE PROUD - AND HOPE THAT ALL C&G ALUMNI CAN BE PROUD - OF THE LONGER-TERM LEGACIES OF CASQUE AND GAUNTLET INCLUDING: O THE IMPACTFUL C&G SENIOR-YEAR EXPERIENCES AT THE CORNER AND BEYOND OF NEARLY 2,000 LIVING ALUMNI INCLUDING THE LIFELONG FRIENDSHIPS THAT, WITHOUT C&G, WOULD NOT OTHERWISE HAVE DEVELOPED; O THE OPPORTUNITY FOR OUR FLAGSHIP 1 MAIN STREET PROPERTY AT THE GATEWAY TO THE COLLEGE TO SERVE A NEW IMPORTANT PURPOSE FOR DARTMOUTH IN THE DECADES AHEAD; O A PLAQUE THAT WILL BE INSTALLED AT 1 MAIN STREET COMMEMORATING ITS RICH HISTORY WITH C&G; O THE NEW CASQUE & GAUNTLET SENIOR SOCIETY, A DYNAMIC STUDENT-LED GROUP THAT CONTINUES ON CAMPUS TODAY AS A NON-RESIDENTIAL SOCIETY; O THE TIMELY AND IMPORTANT DARTMOUTH DIALOGUES PROJECT EXPERIMENT WHICH, FROM A C&G POINT OF VIEW, MIGHT BE REGARDED AS THE CORE UNDERLYING PRINCIPLES, VALUES AND FOUNDING MISSION OF C&G BEING BROUGHT FORTH AND SCALED ACROSS THE ENTIRE DARTMOUTH COMMUNITY. THANK YOU FOR YOUR CONTINUED PATIENCE AND SUPPORT AS WE'VE TRIED TO MOVE AS GRACEFULLY AND TRANSPARENTLY AS WE COULD THROUGH THE LAST SEVERAL CHALLENGING YEARS. PLEASE FEEL FREE TO REACH OUT TO ANY OF THE THREE OF US LISTED BELOW IF YOU HAVE QUESTIONS ABOUT THESE RECENT TRUST ACTIONS. WE EXPECT TO ISSUE A FINAL TRUST UPDATE LATER THIS YEAR. RELATEDLY, IF YOU'D LIKE TO LEARN MORE ABOUT THE CASQUE & GAUNTLET SENIOR SOCIETY, ITS PRESIDENT DOUG CHIA '93 WILL BE HAPPY TO RECEIVE ANY INQUIRIES. FOR THE TRUSTEES OF THE CASQUE AND GAUNTLET TRUST: ED KANIA '79; TOM TOMAI '79; TIG TILLINGHAST '93

Schedule N (Form 990) (2023)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

CASQUE AND GAUNTLET TRUST

Employer identification number

02-0306381

Return Reference	Explanation
FORM 990, PAGE 2, PART III, LINE 3	FROM JUNE 1964 UNTIL MARCH 15, 2020 - WHEN THE COVID PANDEMIC CAUSED DARTMOUTH COLLEGE TO CEASE IN-PERSON OPERATIONS FOR SEVERAL MONTHS - THE CASQUE & GAUNTLET TRUST HAD USED ITS REAL ESTATE HOLDING AT 1 SOUTH MAIN ST., HANOVER, NH AND ITS FINANCIAL RESOURCES TO PROVIDE HOUSING AND PROGRAMMATIC SUPPORT FOR THE CASQUE & GAUNTLET, INC., AN ENTITY THAT COMPRISED BOTH CURRENT DARTMOUTH STUDENTS AS WELL AS PRIOR ALUMNI MEMBERS LINKED TO A CERTAIN SENIOR SOCIETY AT DARTMOUTH. BEGINNING IN LATE MARCH 2020, THE TRUSTEES OF THE CASQUE AND GAUNTLET TRUST MET SEVERAL TIMES TO DISCUSS HOW THE TRUST COULD CONTINUE TO SURVIVE IN THE SHORT TERM AS WELL AS WHAT ITS LONGER-TERM FUTURE MIGHT BE BASED ON THE SEVERAL SIGNIFICANT CHALLENGES CONFRONTING IT - INCLUDING THAT DARTMOUTH'S MOVE TO VIRTUAL OPERATIONS HAD REDUCED THE ORGANIZATION'S REAL ESTATE INCOME TO 0 EVEN WHILE EXPENSES CONTINUED - WITH MINIMAL CASH RESERVES AVAILABLE. IN JULY 2020, IN ORDER TO AVOID IMMEDIATE INSOLVENCY, THE TRUST COMPLETED A THREE-YEAR, 1 PER YEAR LEASE ON ITS 1 SOUTH MAIN ST PROPERTY TO DARTMOUTH WHEREBY THE COLLEGE WOULD USE IT FOR GRADUATE STUDENT HOUSING AND COVER ALL OPERATING EXPENSES. THE LEASE ALLOWED THE TRUST TO PROTECT ITS REMAINING CASH BALANCES. IMPORTANTLY, IT ALSO ENSURED THAT THE TRUST HAD ADEQUATE TIME TO ASSESS THOUGHTFULLY THE TRUSTEES' QUESTIONS REGARDING VIABLE GO-FORWARD FINANCIAL AND OPERATING MODELS FOR THE REAL ESTATE AS WELL AS REGARDING THE FUTURE OF THE REAL ESTATE AND THE TRUST ITSELF - ALL IN THE CONTEXT OF THE MISSION OF THE TRUST. THE TRUST SOUGHT AND RECEIVED ADVICE FROM OUTSIDE LEGAL COUNSEL IN SUPPORT OF ITS DELIBERATIONS. IN DECEMBER 2020, THE CASQUE AND GAUNTLET, INC. THE ENTITY FOR WHICH THE TRUST HAD HISTORICALLY PROVIDED PROGRAMMATIC SUPPORT BUT WHICH WAS INDEPENDENT OF THE TRUST, MADE THE LINKED DECISIONS - ALSO LARGELY BASED ON CHALLENGES CAUSED AND REVEALED BY THE PANDEMIC - TO MOVE TOWARD DISSOLUTION AND, AT THE SAME TIME, TO SPONSOR TWO NEW ENTITIES, EACH BUILDING ON A SEPARATE ASPECT OF THE CORPORATION'S HISTORICAL MISSION. DURING 2021, 2022, AND EARLY 2023, THE TRUSTEES CONTINUED AN ACTIVE EXPLORATION OF POSSIBLE ALTERNATIVE PATHS FORWARD WORKING IN CONJUNCTION WITH DARTMOUTH COLLEGE. PRIOR TO THE EXPIRATION OF THE PROPERTY LEASE IN JULY 2023, DARTMOUTH EXCERISED ITS ONE-YEAR EXTENSION PROVISION, THUS EXTENDING THE LEASE TERM TO JULY 31, 2024. MOVING INTO THE CURRENT FISCAL YEAR BEGINNING SEPTEMBER 1, 2023, IT WAS THE TRUSTEES' EXPECTATION THAT, GUIDED BY THE MISSION OF THE TRUST AND WORKING COLLABORATIVELY WITH DARTMOUTH COLLEGE, AN APPROPRIATE USE FOR THE REAL ESTATE WOULD BE IDENTIFIED AND, AT THAT POINT, THE TRUST MIGHT THEN CONTINUE TO OPERATE OR IT MIGHT DISSOLVE. IN DECEMBER 2023, FOLLOWING SEVERAL UNPRODUCTIVE EXCHANGES DURING THE PRIOR MONTHS, DARTMOUTH APPROACHED THE TRUST TO ASK IF A WAY COULD BE FOUND TO DEPLOY ITS ASSETS IN SUPPORT OF THE NEW DARTMOUTH DIALOGUES PROJECT THAT THE COLLEGE HAD BEEN QUIETLY INCUBATING, REQUIRED SIGNIFICANT FUNDING, AND WOULD SOON BE PUBLICLY ANNOUNCED. THE TRUSTEES IMMEDIATELY RECOGNIZED IN THE DARTMOUTH DIALOGUES PROJECT A FOCUS ON MANY OF THE CORE ELEMENTS REPRESENTED BY THE TRUST'S HISTORIC MISSION. SEVERAL MEETINGS BETWEEN THE TRUSTEES AND COLLEGE LEADERSHIP TOOK PLACE DURING DECEMBER. INDEPENDENT LAWYERS WERE ENGAGED BY BOTH THE TRUST AND DARTMOUTH TO REVIEW THE TRUST'S CHARTER, RELEVANT STATE LAW, TRUSTEE AUTHORITIES, AND THE SPECIFICS OF A PROPOSED TRANSACTION WHEREBY THE TRUST WOULD SELL ITS 1 S MAIN ST REAL ESTATE AND FURNISHINGS TO DARTMOUTH FOR 2,200,000 (THE APPRAISED FAIR- MARKET VALUE) AND THEN TURN AROUND AND DONATE THE CASH RECEIVED (PLUS SOME MODEST EXCESS OPERATING CASH) TO DARTMOUTH, SPECIFICALLY TARGETED TO SUPPORT THE DARTMOUTH DIALOGUES PROJECT. THE SALE/DONATION ARRANGEMENT WITH CASQUE AND GAUNTLET TRUST WAS FORMALLY ANNOUNCED BY DARTMOUTH COLLEGE ON JANUARY 24TH IN CONJUNCTION WITH THE PUBLIC LAUNCH OF THE DARTMOUTH DIALOGUES PROJECT. THE SAME DAY, THE TRUSTEES FULSOMELY COMMUNICATED TO ALL THOSE AFFILATED WITH THE TRUST, BY BOTH PUBLIC RELEASE AND EMAILED ANNOUNCEMENT, THE BACKGROUND ON THE DECISION THAT HAD BEEN MADE TO SELL THE REAL ESTATE, THE KEY ELEMENTS OF THE TRANSACTION, INFORMATION ON THE DARTMOUTH DIALOGUES PROJECT AND THE REASONS IT WAS CONSISTENT WITH THE TRUST'S MISSION, DETAILS ON THE 2,250,000 IN FUNDS THAT HAD BEEN CONTRIBUTED TO DARTMOUTH, AND THE TRUSTEES' INTENT TO DISSOLVE THE TRUST BEFORE THE END OF FYE AUGUST 31, 2024 WITH ANY REMAINING CASH ALSO BEING DONATED TO DARTMOUTH IN SUPPORT OF THE DARTMOUTH DIALOGUES PROGRAM - ALL IN ACCORD WITH THE PROVISIONS OF THE TRUST'S CHARTER. ON AUGUST 28, 2024, THE TRUSTEES MET IN A DULY CALLED MEETING AND UNANIMOUSLY VOTED TO DISSOLVE THE TRUST ON AUGUST 29, 2024. APPROXIMATELY 10,000 IN CASH REMAINED AFTER PAYMENT OF ALL OUTSTANDING TRUST OBLIGATIONS, AND THESE FUNDS WERE DONATED TO DARTMOUTH.
FORM 990, PAGE 2, PART III, LINE 4A	DURING THIS FISCAL YEAR (AS HAS BEEN THE CASE SINCE 2020 WHEN THE COVID PANDEMIC FORCED A DRAMATIC CHANGE IN OUR ORGANIZATION), THE ORIGINAL MISSION-RELATED ACTIVITIES OF THE TRUST WERE NO LONGER EITHER ACTIONABLE OR RELEVANT. HOWEVER, DURING THIS FISCAL YEAR, THE TRUST/TRUSTEES SUCCESSFULLY ACCOMPLISHED SEVERAL IMPORTANT THINGS INCLUDING: A) DETERMINING A PATH FORWARD CONSISTENT WITH THE TRUST'S MISSION AND CHARTER; B) SECURING RESOURCES TO EXECUTE ON THIS, INCLUDING BY SELLING OFF THE ASSETS/PROPERTY HELD BY THE TRUST (I.E. 1 S. MAIN ST, HANOVER, NH) TO DARTMOUTH COLLEGE AT AN APPRAISED FAIR MARKET VALUE AND IN A MANNER CONSISTENT WITH THE PROVISIONS OF ITS CHARTER; C) DONATING ALL OF ITS CASH INCLUDING THAT RECEIVED FROM THE SALE OF 1 S MAIN ST AND ALL RESIDUAL CASH FROM OPERATIONS TO DARTMOUTH COLLEGE IN SUPPORT OF A SPECIFIC NEW PROGRAM AT DARTMOUTH THAT CLOSELY MATCHED THE ORIGINAL MISSION OF THE TRUST AND IN A MANNER CONSISTENT WITH THE PROVISIONS OF ITS CHARTER; D) WITH SUPPORT FROM OUTSIDE COUNSEL (WHO ALSO ADVISED ON THE ABOVE ACTIONS) AND IN A MANNER CONSISTENT WITH THE PROVISIONS OF ITS CHARTER, EXECUTING A FINAL DISSOLUTION OF THE TRUST EFFECTIVE AUGUST 29 2024, GIVEN THAT, FOLLOWING THE DONATIONS TO DARTMOUTH, THE TRUST NO LONGER HAD RESIDUAL MISSION OR RESOURCES, AND ITS ORIGINAL MISSION HAD BEEN FULFILLED TO THE BEST OF THE TRUSTEES' ABILITY. NO TRUSTEE RECEIVED ANY FINANCIAL OR NON-FINANCIAL BENEFIT VIA THE ACTIONS TAKEN DURING THIS FINAL FISCAL YEAR (OR BEFORE THAT) IN ACCOMPLISHING THE ABOVE. NO TRUSTEE WAS EVER PAID OR RECEIVED NON-CASH REMUNERATION FOR THEIR TIME OR SERVICES ON BEHALF OF THE TRUST
FORM 990, PAGE 6, PART VI, LINE 7B	ADMINISTRATION OF THE TRUST RESIDES WITH ITS TRUSTEES AND, FOR CERTAIN DECISIONS, THE ALUMNI HOLDERS OF "TRUST CERTIFICATES". NO NEW TRUST CERTIFICATES HAVE BEEN ISSUED IN RECENT DECADES. BASED ON A THOROUGH EXAMINATION OF RECORDS, AN OVERWHELMING MAJORITY OF THE OUTSTANDING TRUST CERTIFICATES ARE HELD BY THE TRUSTEES AS A GROUP.
FORM 990, PAGE 6, PART VI, LINE 11B	BOTH THE TREASURER AND THE CO-CHAIR OF THE TRUSTEES REVIEW THE 990 BEFORE IT IS FILED TO CHECK FOR ACCURACY AND CORRECTNESS. THEY ALSO PROVIDE A COPY OF THE FINISHED PRODUCT TO ALL TRUSTEES BEFORE FILING.
FORM 990, PAGE 6, PART VI, LINE 12C	ALL FINANCIAL MATTERS ARE HANDLED SOLELY BY AN INDEPENDENT TREASURER WHO IS NOT A TRUSTEE AND WHO IS THE ONLY INDIVIDUAL ABLE TO DISPERSE CASH. THE TREASURER RECEIVES ADVANCE APPROVAL FOR ALL SIGNIFICANT CASH OUTLAYS FROM AT LEAST TWO OF THE TRUSTEES. ONGOING FINANCIAL REPORTS AND A DESCRIPTION OF SIGNIFICANT CASH OUTLAYS ARE PROVIDED FOR ALL TRUSTEES. ALL SIGNIFICANT ACTIONS TAKEN BY THE TRUST ARE VOTED ON BY THE TRUSTEES IN A MEETING WHERE THE INTENDED MOTIONS ARE DETAILED IN ADVANCE. DURING THIS FISCAL YEAR, THE TRUST'S CONFLICT OF INTEREST POLICY WAS REVIEWED BY TRUSTEES AND AGAIN APPROVED AUGUST 2023. GIVEN THESE CORE PROCESSES, THE PRIMARY APPROACH FOR ENSURING ONGOING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS TO REQUEST, PRIOR TO ANY TRUSTEE VOTE, THAT EACH TRUSTEE IDENTIFY ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST. DURING THIS FISCAL YEAR, THIS APPROACH WAS FOLLOWED. ONE TRUSTEE CONTINUED TO REQUEST THAT THEY NOT BE INVOLVED IN EITHER DISCUSSIONS OR VOTING ON A SPECIFIC MATTER BASED ON A CONCERN THAT THERE MIGHT BE POTENTIAL APPEARANCE OF A CONFLICT OF INTEREST. THIS REQUEST WAS HONORED EVEN THOUGH THE TRUSTEES COULD NOT IDENTIFY AN ACTUAL CONFLICT OF INTEREST. THERE WERE NO OTHER CONFLICTS OF INTEREST IDENTIFIED.
FORM 990, PAGE 6, PART VI, LINE 19	THE ORGANIZATION ALLOWS THE PUBLIC TO REQUEST THE DOCUMENTATION, AND IT IS PROVIDED UPON REQUEST.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2023

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