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LEO W SEAL JR CHARITABLE TR: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LEO W SEAL JR CHARITABLE TR (EIN 26-6829623)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-14
IRS object ID
202441359349304974
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T11:01:13-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE FINANCIAL PLZ STE 2300AddressLine1Txt
CityPROVIDENCECityNm
State AbbreviationRIStateAbbreviationCd
ZIP029032485ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN266829623EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEO W SEAL JR CHARITABLE TRUSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLEOWBusinessNameControlTxt
Phone5045992191PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1701 POYDRAS STREET STE 3100AddressLine1Txt
CityNEW ORLEANSCityNm
State AbbreviationLAStateAbbreviationCd
ZIP701397727ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHANCOCK WHITNEY BANKPersonNm
Person TitleVP TRUST OFFICEPersonTitleTxt
Phone5045992191PhoneNum
Signature2024-05-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRADLEY N SPRONGPreparerPersonNm
PTINP00642561PTIN
Phone8662974127PhoneNum
Preparation2024-05-13PreparationDt

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1HANCOCK WHITNEY BANKBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1701 POYDRAS ST STE 3200AddressLine1Txt
CityNEW ORLEANSCityNm
State AbbreviationLAStateAbbreviationCd
ZIP70139ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$14,671,173GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation2009FormationYr
Legal Domicile StateMSLegalDomicileStateCd
Activity Or MissionTHE PURPOSE OF THE LEO W SEAL JR CHARITABLE TRUST IS TO SUPPORT THE MISSISSIPPI STATE UNIVERSITY FOUNDATION. THE MSU FOUNDATION IN TURN IS TO DISTRIBUTE THE MONEY TO THE FOLLOWING DEPARTMENTS:35% TO THE ATHLETIC DEPARTMENT, 25% TO THE COLLEGE OF BUSINESS,12.5% TO THE COLLEGE OF ENGINEERING, 12.5% TO THE COLLEGE OF FOREST RESOURCES, AND 15% UNRESTRICTED USE OF MSU.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income-$922,941PYInvestmentIncomeAmt
CY Investment Income$1,044,996CYInvestmentIncomeAmt
CY Other Revenue$356CYOtherRevenueAmt
PY Total Revenue-$922,941PYTotalRevenueAmt
CY Total Revenue$1,045,352CYTotalRevenueAmt
PY Grants And Similar Paid$1,288,856PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,117,432CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$181,383PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$167,204CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$50,229PYOtherExpensesAmt
CY Other Expenses$52,534CYOtherExpensesAmt
PY Total Expenses$1,520,468PYTotalExpensesAmt
CY Total Expenses$1,337,170CYTotalExpensesAmt
PY Revenues Less Expenses-$2,443,409PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$291,818CYRevenuesLessExpensesAmt
Total Assets BOY$30,165,176TotalAssetsBOYAmt
Total Assets EOY$29,865,548TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$30,165,176NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$29,865,548NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE PURPOSE OF THE LEO W SEAL JR CHARITABLE TRUST IS TO SUPPORT THE MISSISSIPPI STATE UNIVERSITY FOUNDATION. THE MSU FOUNDATION IN TURN IS TO DISTRIBUTE THE MONEY TO THE FOLLOWING DEPARTMENTS:35% TO THE ATHLETIC DEPARTMENT, 25% TO THE COLLEGE OF BUSINESS,12.5% TO THE COLLEGE OF ENGINEERING, 12.5% TO THE COLLEGE OF FOREST RESOURCES, AND 15% UNRESTRICTED USE OF MSU.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,117,432ExpenseAmt
Grant$1,117,432GrantAmt
DescMISSISSIPPI STATE UNIVERSITY FOUNDATION, 64-0410581. DISTRIBUTIONS WERE MADE TO THE ATHLETIC DEPARTMENT, COLLEGE OF BUSINESS,COLLEGE OF ENGINEERING, COLLEGE OF FOREST RESOURCES,AND UNRESTRICTED USE OF MSU.Desc
Total Program Service Expenses$1,117,432TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Excs Tax Sect4951 Or4952 Or4953falseExcsTaxSect4951Or4952Or4953Ind
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HANCOCK WHITNEY BANKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2288224371PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE HANCOCK PLAZAAddressLine1Txt
CityGULFPORTCityNm
State AbbreviationMSStateAbbreviationCd
ZIP39501ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtInstitutional TrusteeInstitutionalTrusteeInd
MS STATE UNIV - DAVID EASLEY
EXECUTIVE DIRECTOR OF FINANCEYes (X)$0$0$0
MS STATE UNIV - JOHN RUSH
VP FOR DEVELOPMENT AND ALUMNIYes (X)$0$0$0
HANCOCK WHITNEY BANK
TRUSTEE$167,204$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$167,204TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$856,879TotalRevenueColumnAmt
Exclusion$856,879ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$13,813,938SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$13,625,821SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$188,117SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$188,117TotalRevenueColumnAmt
Exclusion$188,117ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$356TotalRevenueColumnAmt
Exclusion$356ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$356OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,045,352TotalRevenueColumnAmt
Exclusion$1,045,352ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,117,432TotalAmt
Program Services$1,117,432ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$167,204TotalAmt
Management And General$167,204ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,050TotalAmt
Management And General$1,050ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$39,908TotalAmt
Management And General$39,908ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$11,576TotalAmt
Management And General$11,576ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,337,170TotalAmt
Program Services$1,117,432ProgramServicesAmt
Management And General$219,738ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,160,635BOYAmt
EOY$976,655EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$29,004,541BOYAmt
EOY$28,888,893EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$30,165,176BOYAmt
EOY$29,865,548EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$30,165,176BOYAmt
EOY$29,865,548EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$30,165,176BOYAmt
EOY$29,865,548EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$30,165,176BOYAmt
EOY$29,865,548EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$291,818ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$7,810OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
Acct Compile Or Review BasisAcctCompileOrReviewBasisGrp
FS AuditedfalseFSAuditedInd
FS Audited BasisFSAuditedBasisGrp
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1MSU FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN640410581EIN
Organization Type5OrganizationTypeCd
Governing Document ListedYes (true)GoverningDocumentListedInd
Support$1,117,432SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$1,117,432SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (true)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456falseSupportedOrgSectionC456Ind
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgfalseSupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (true)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgfalseOperateBenefitNonSuprtOrgInd

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
CY Adj Net Income Distributable$0CYAdjNetIncomeDistributableAmt
CY Pct85 Adjusted Net Income$0CYPct85AdjustedNetIncomeAmt
CY Total Min Ast Distributable$0CYTotalMinAstDistributableAmt
CY Greater Adjusted Minimum$0CYGreaterAdjustedMinimumAmt
CY Income Tax Imposed PY$0CYIncomeTaxImposedPYAmt
CY Distributable As Adjusted$0CYDistributableAsAdjustedAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MISSISSIPPI STATE UNIVERSITY FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 6149AddressLine1Txt
CityMISSISSIPPI STATECityNm
State AbbreviationMSStateAbbreviationCd
ZIP39762ZIPCd
FieldValueIRS element (for citing)
Recipient EIN640410581RecipientEIN
Cash Grant$1,117,432CashGrantAmt
Valuation Method UsedBook ValueValuationMethodUsedDesc
Purpose Of GrantTO SUPPORT MISSISSIPPI STATE UNIVERSITY FOUNDATION AND IN TURN VARIOUS DEPARTMENTS OF MSUPurposeOfGrantTxt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceEXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2FormAndLineReferenceDesc
ExplanationALL INCOME GENERATED IN THIS CHARITABLE TRUST IS TO BE DISTRIBUTED DIRECTLY TO THE MISSISSIPPI STATE UNIVERSITY FOUNDATION. THE FOUNDATION ALLOCATES THE FUNDS TO THE DEPARTMENTS INDICATED IN THE TRUST DOCUMENT.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
LINE 1a AND 1bHANCOCK WHITNEY BANK, DAVID D EASLEY, AND JOHN RUSH ARE TRUSTEES OF THE CHARITABLE TRUST.
LINE 11HANCOCK WHITNEY BANK AS TRUSTEE AND AS GOVERNING BODY PREPARES AND REVIEWS FORM 990 ANNUALLY.
FORM 990, PAGE 6, PART VI, SECTION B, LINE 12UPON REQUEST HANCOCK WHITNEY BANK WILL MAKE ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.
FORM 990, PART I AND PART III - ORGANIZATION'S MISSIONTHE PURPOSE OF THE LEO W SEAL JR CHARITABLE TRUST IS TO SUPPORT THE MS STATE UNIVERSITY FOUNDATION. THE MSU FOUNDATION IN TURN IS TO DISTRIBUTE THE MONEY TO THE FOLLOWING DEPARTMENTS:35% TO THE ATHLETIC DEPARTMENT, 25% TO THE COLLEGE OF BUSINESS,12.5% TO THE COLLEGE OF ENGINEERING, 12.5% TO THE COLLEGE OF FOREST RESOURCES, AND 15% UNRESTRICTED USE OF MSU.
FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEWHANCOCK WHITNEY BANK SERVES AS A TRUSTEE AND A MEMBER OF THE GOVERNING BOARD. THE FORM 990 IS PREPARED AND REVIEWED BY THE BANK'S TRUST TAX DEPARTMENT.
FORM 990, PAGE 6, PART VI, LINE 15aNOT APPLICABLE AS THE TRUST HAS NO CEO, EXECUTIVE DIRECTOR OR MANAGMENT OFFICIAL WITH COMPENSATION. TRUSTEE FEES ARE PAID AND ARE COMENSERATE WITH STANDARD FEES CHARGED BY BANKS.
FORM 990, PAGE 6, PART VI, LINE 15bNOT APPLICABLE AS THE TRUST HAS NO OTHER OFFICERS OR KEY EMPLOYEES WITH COMPENSATION.
FORM 990, PAGE 6, PART VI, LINE 19UPON REQUEST HANCOCK WHITNEY BANK WILL MAKE ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT AVAILABLE OT THE PUBLIC.
FORM 990, PAGE 7, PART VII, SECTION AHANCOCK WHITNEY BANK TRUSTEE
EXPLANATION FOR FORM 990, PART XI, LINE 9PURCHASE ACCRUED INTEREST ($2,246), MUTUAL FUND TIMING DIFFERENCE ($107), RETURN OF CAPITAL ADJUSTMENTS $4,854, AND BASIS ADJUSTMENT OF ($10,311).

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