Page 9 - FY20 Annual Report Land Trusts Protection Advocacy Office_ Beneficiary Reports
P. 9
Beneficiary Summary
MINERS HOSPITAL TRUST
MINERS HOSPITAL TRUST
Acreage - Surface 5,274 (0.16%)
Acreage - Mineral 53,479 (1.19%)
Total Permanent Fund Balance $57,430,919
FUND RETURN %
FY 2020 -3.9%
3-Year Annualized 1.8%
5-Year Annualized 3.0%
10-Year Annualized 8.2%
Distribution Formula for Miners Hospital Trust
(4% x 12-QTR average previous fiscal year end) = Total FY Distribution Amount
APPLIED FORMULA FOR FY20: (4% x $55,013,455) = $2,200,538*
*Distribution amount is a reflection of what was paid out during FY 2020. Distributions are paid every year and are subject to a
4% cap against the 12 quarter market value average.
Miners Hospital Trust Distribution
SURFACE ACRES: FY 2016 $1,591,072
5,274 FY 2017 $910,516
FY 2018 $1,983,397
FY 2019 $2,078,937
MINERAL ACRES:
53,479 FY 2020 $2,200,538
Calculated FY 2021 Distribution $2,285,261
MINERS HOSPITAL TRUST FUND
BALANCE Trust land fund distributions for the Miners Hospital Trust are sent to the Miners Hospital at the
University of Utah Medical Center to help treat patients with mining related injuries and illnesses.
$57,430,919
As of 6/30/2020
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