2024-08-21T14:56:55-05:00 2023-12-31 200312005 ROBERT L PEREZ LLC 701 POYDRAS ST SUITE 3640 NEW ORLEANS LA 70139 990 2023-01-01 726200541 JOHN J GARBARINO & ADRIENNE HOUSSIERE GARBARINO MEMORIAL TR 4 JOHN 3378040880 1301 CAMELLIA BLVD SUITE 100 LAFAYETTE LA 70508 HANCOCK WHITNEY BANK FIDUCIARY 3378040880 2024-08-21 1 0 ROBERT L PEREZ P00845112 5047174640 X 2023 2024-08-08 14:25:15Z X HANCOCK WHITNEY BANK 1301 CAMELLIA BLVD SUITE 100 LAFAYETTE LA 70508 400180 0 X N/A X 1999 LA THE JOHN & ADRIENNE GARBARINO TRUST #4 IS A CHARITABLE TRUST UNDER LOUISIANA LAW. THE PURPOSE OF THE TRUST IS TO HOLD AND INVEST ASSETS CONTRIBUTED TO THE ORGANIZATION AND TO DISTRIBUTE THE ANNUAL EARNINGS TO THE JENNINGS CARNEGIE LIBRARY, A TAX-EXEMPT ORGANIZATION. 2 0 0 0 0 0 0 0 0 0 31690 33219 14783 18058 46473 51277 60000 60000 0 0 0 0 0 0 0 14083 18498 74083 78498 -27610 -27221 1047550 1021393 0 0 1047550 1021393 THE JOHN & ADRIENNE GARBARINO TRUST #4 IS A CHARITABLE TRUST UNDER LOUISIANA LAW. THE PURPOSE OF THE TRUST IS TO HOLD AND INVEST ASSETS CONTRIBUTED TO THE ORGANIZATION AND TO DISTRIBUTE THE ANNUAL EARNINGS TO THE JENNINGS CARNEGIE LIBRARY, A TAX-EXEMPT ORGANIZATION. 0 0 62626 60000 PROVIDED FUNDING TO THE JENNINGS CARNEGIE LIBRARY TO IMPROVE THE PHYSICAL FACILITY 62626 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 1 0 0 X HANCOCK WHITNEY BANK 3378040880 1301 CAMELLIA BLVD SUITE 100 LAFAYETTE LA 70508 ROBERT L COLE TRUSTEE 3.00 3.00 X 0 0 0 HANCOCK WHITNEY BANK TRUSTEE 5.00 5.00 X 11937 35813 0 11937 35813 0 0 0 0 0 0 27239 27239 1567 1567 22770 6279 16491 16491 16491 348604 342624 5980 5980 5980 51277 0 0 51277 60000 60000 2626 2626 897 897 1615 1615 9311 9311 821 821 GENERAL 1560 1560 REAL ESTATE TAXES 1131 1131 INSURANCE 302 302 FOREIGN TAXES 235 235 78498 62626 15872 0 75297 45369 125653 22485 103989 103168 868264 872856 1047550 1021393 0 0 X 943561 918225 103989 103168 1047550 1021393 1047550 1021393 X -27221 1064 X 0 0 0 X X 1 THE JENNINGS CARNEGIE LIBRARY 726000599 7 1 60000 0 1 60000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 38535 51942 38535 51942 822 821 7958 6645 4030 15051 25725 29425 1016990 960121 43379 55398 472170 526856 1532539 1542375 552200 0 0 1532539 1542375 22988 23136 1509551 1519239 52834 53173 0 0 52834 53173 25725 21866 52834 52834 0 52834 60000 0 2626 0 0 0 62626 60000 52834 100.000000000000 52834 0 0 0 0 0 9989 9989 0 9989 0 0 62626 0 42845 19781 0 0 19781 0 0 0 0 19781 PART V, SECTION B, LINE 1(E) THIS TRUST OWNS AN UNDIVIDED 20% FRACTIONAL OWNERSHIP IN APPROXIMATELY 1,843 ACRES OF RURAL PROPERTY LOCATED IN JEFFERSON DAVIS PARISH, LOUISIANA. IN ORDER TO PROPERLY VALUE THE UNDIVIDED 20% FRACTIONAL INTEREST IN THE PROPERTY, THE TRUSTEE RETAINED THE SERVICES OF WARREN E PETERS, LOUISIANA STATE CERTIFIED GENERAL REAL ESTATE APPRAISER. IN HIS REPORT, MR. PETERS INCLUDED A DISCUSSION OF THE DISCOUNT ATTRIBUTED BY THE APPRAISER TO ACCOUNT FOR THE FACT THAT THE TRUST OWNS AN UNDIVIDED FRACTIONAL INTEREST IN THE OWNERSHIP OF THE GARBARINO MEMORIAL FARM. IN THE REPORT, MR PETERS STATES THAT IT IS APPROPRIATE, IN ACCORDABCE WITH THE DEFINITION OF "FAIR MARKET VALUE" AS SET FORTH IN TREASURY REGULATION SEC 20.2031-1(B), TO ACCORD TO THE UNDIVIDED FRACTIONAL OWNERSHIP A REDUCTION OF 55% FROM ITS PRO-RATA SHARE OF THE FAIR MARKET VALUE OF THE WHOLE OR 100% OWNERSHIP INTEREST IN THE SAME PROPERTIES. PURSUANT TO THE APPRAISAL REPORT, THE UNDISCOUNTED VALUE OF THE TRUST'S 20% INTEREST IN THE PROPERTY IS $1,154,860 AND THE DISCOUNTED VALUE IS $519,687. PART V, SECTION D, LINE 8 DISTRIBUTIONS TO SUPPORTED ORGANIZATION THE JENNINGS CARNEGIE LIBRARY RECEIVES THE MAJORITY OF ITS SUPPORT FROM THIS TRUST; WITHOUT THE FUNDS PROVIDED HERE, THE ORGANIZATION COULD NOT CONTINUE MANY OF ITS ACTIVITIES. 97828 97828 27825 22485 5340 103168 0 THE JENNINGS CARNEGIE LIBRARY 303 N CARY AVENUE JENNINGS LA 70546 726000599 501(C)(3) 60000 0 GENERAL PURPOSES 1 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 A DRAFT COPY IS EMAILED TO THE BOARD FOR REVIEW, WHICH IS THEN FOLLOWED UP WITH A MAILED PAPER COPY FOR THEIR RECORDS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL HANCOCK WHITNEY BANK, AS TRUSTEE, CHARGES INVESTMENT FEES WHICH ARE APPROVED AND REGULATED BY THE OFFICE OF THE COMPTROLLER OF CURRENCY AND ARE IN ACCORDANCE WITH INDUSTRY STANDARDS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ADJUSTMENT TO MATCH BOOK CARRYING VALUE OF ASSETS 1,064.