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State treasurer discusses college savings revenue transfers and Ben Thompson trust review with finance committee
Summary
State Treasurer Monica Mazzopelli told the Senate Finance Committee that about $18–19 million a year flows from the college savings program for trust and scholarship purposes and described plans to seek court approval to transfer the Ben Thompson trust to UNH Foundation management.
State Treasurer Monica Mazzopelli briefed the Senate Finance Committee on several trust, scholarship and revenue transfer matters, including the flow of funds from college savings programs, plans involving the Ben Thompson trust fund, and debt-service assumptions embedded in the state budget.
Mazzopelli told senators the treasury oversees trust and restricted funds including the college savings program and the NH ABLE plan. She said the treasury currently receives between $18 million and $19 million annually tied to the college savings program and that amount is relatively stable, though market movements can cause fluctuation.
Why it matters: Transfers from trust and college‑savings receipts affect university…
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