2021-08-05T14:34:43-05:00 2020-12-31 200312005 ROBERT L PEREZ LLC 701 POYDRAS ST SUITE 3640 NEW ORLEANS LA 70139 990 2020-01-01 726200541 JOHN J GARBARINO & ADRIENNE HOUSSIERE GARBARINO MEMORIAL TR 4 JOHN 2259236291 445 NORTH BOULEVARD 1ST FLOOR BATON ROUGE LA 70802 HANCOCK WHITNEY BANK FIDUCIARY 2259236291 2021-08-05 1 HANCOCK WHITNEY BANK 999009999 ROBERT L PEREZ P00845112 5047174640 X 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z HANCOCK WHITNEY BANK 445 NORTH BOULEVARD 1ST FLOOR BATON ROUGE LA 70802 536537 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 49542 57381 17208 20242 66750 77623 95638 76000 0 0 0 0 0 0 0 19509 35194 115147 111194 -48397 -33571 1038622 1003784 0 0 1038622 1003784 X 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 78143 76000 PROVIDED FUNDING TO THE JENNINGS CARNEGIE LIBRARY TO IMPROVE THE PHYSICAL FACILITY N/A N/A N/A 78143 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 2259236291 445 NORTH BLVD 1ST FLOOR BATON ROUGE LA 70802 ROBERT L COLE TRUSTEE 3.00 3.00 X 0 0 0 HANCOCK WHITNEY BANK TRUSTEE 5.00 5.00 X 15534 46602 0 15534 46602 0 0 0 0 0 0 21239 21239 1216 1216 22986 3960 19026 19026 19026 491096 454954 36142 36142 36142 77623 0 0 77623 76000 76000 2143 2143 13287 13287 2788 2788 13391 13391 867 867 GENERAL 1040 1040 APPRAISAL FEES 1000 1000 INSURANCE 448 448 FOREIGN TAXES 133 133 97 97 111194 78143 33051 0 59576 20384 125653 20021 106499 105632 872547 877768 1038622 1003784 0 0 X 932891 898920 105731 104864 1038622 1003784 1038622 1003784 X -33571 -1267 X 0 0 0 X X 1 THE JENNINGS CARNEGIE LIBRARY 726000599 7 1 76000 0 1 76000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 20439 0 0 0 0 41481 20439 41481 1855 867 0 13391 0 18793 18584 8430 1065825 1038889 44207 61771 457376 462545 1567408 1563205 552200 0 0 1567408 1563205 23511 23448 1543897 1539757 54036 53891 0 0 54036 53891 18584 15796 54036 54036 0 54036 76000 0 2143 0 0 0 78143 76000 54036 100.000000000000 54036 21825 0 0 0 0 0 0 0 0 0 0 78143 21825 54036 2282 0 0 2282 0 0 0 0 2282 PART V, SECTION B, LINE 1(E) ON THE 2019 RETURN, THE TRUSTEE ATTACHED A STATEMENT WHEREIN THE TRUSTEE RESPECTFULLY REQUESTED RELIEF UNDER THE "REASONABLE CAUSE EXCEPTION" FOR THE UNDERDISTRIBUTION FOR YEARS PRIOR TO AND INCLUDING 2019 AS PROVIDED FOR IN THE INSTRUCTIONS. ON PAGE 6 OF THE STATEMENT, THERE IS A DISCUSSION OF THE DISCOUNT ATTRIBUTED BY THE TRUST'S APPRAISER TO ACCOUNT FOR THE FACT THAT THE TRUST OWNS AN UNDIVIDED FRACTIONAL INTEREST IN THE OWNERSHIP OF THE GARBARINO MEMORIAL FARM. THE TRUSTEE ALSO ATTACHED EXHIBIT D WHICH INCLUDED THE APPRAISER'S DISCUSSION OF THE DISCOUNT TAKEN. AS DISCUSSED IN THE STATEMENT, PURSUANT TO THE APPRAISAL REPORT, THE UNDISCOUNTED VALUE OF THE PROPERTY IS $1,004,000 AND THE DISCOUNTED VALUE IS $451,800. THE TRUSTEE HEREBY INCORPORATES BY REFERENCE THAT ATTACHMENT AND REPEATS ITS REQUEST FOR RELIEF UNDER THE "REASONABLE CAUSE EXCEPTION." 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. PART V, SECTION E, LINES 2 AND 6 ON THE 2019 RETURN, THE TRUSTEE ATTACHED A STATEMENT WHEREIN THE TRUSTEE RESPECTFULLY REQUESTED RELIEF UNDER THE "REASONABLE CAUSE EXCEPTION" FOR THE UNDERDISTRIBUTION FOR YEARS PRIOR TO AND INCLUDING 2019 AS PROVIDED FOR IN THE INSTRUCTIONS. AS DISCUSSED IN THE STATEMENT, THE TRUSTEE MADE A CATCH-UP DISTRIBUTION WITHIN 180 DAYS OF THE DISCOVERY OF THE UNDERDISTRIBUTION FOR ALL PRIOR YEARS. THE TRUSTEE HEREBY INCORPORATES BY REFERENCE THAT ATTACHMENT AND REPEATS ITS REQUEST FOR RELIEF UNDER THE "REASONABLE CAUSE EXCEPTION." 97828 97828 27825 20021 7804 105632 0 THE JENNINGS CARNEGIE LIBRARY 303 N CARY AVENUE JENNINGS LA 70546 726000599 501(C)(3) 76000 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 -1,267.