Charles K. Blandin Residuary Trust

Charles K. Blandin Residuary Trust

The Charles K. Blandin Residuary Trust was created in 1958 through the will of Charles K. Blandin. It functions as the primary endowment vehicle for the Blandin Foundation, which distributes grants focused on education and rural community development in Minnesota. The trust deploys capital across real estate, venture capital, and fixed income. Confirmed holdings include industrial warehouse property in Saint Louis, forested land partnerships in Minnesota, and a venture capital portfolio valued at approximately $0.96 million. It also maintains positions in debt securities. Geographic exposure centers on Minnesota and other parts of the United States. The trust participates in both direct ownership and joint venture structures. The trust employs two professionals. It maintains memberships in the Minnesota Council on Foundations and the Council on Foundations. Service providers include RSM US LLP as auditor and DeMarche as investment consultant. A triennial court review of trust accounts occurred in August 2025 at Ramsey County District Court. The trust maintains a formal separation from the operating history of the former Blandin Paper Company, now owned by UPM Kymmene, while directing investment returns exclusively to the Blandin Foundation's charitable mandate.