2023-07-31T13:40:40-05:00 2022-12-31 640414329 HADDOX REID EUBANK BETTS PLLC 1020 HIGHLAND COLONY PKWY SUITE 600 RIDGELAND MS 39157 990 2022-01-01 646021291 SAM E WOODS SCHOLARSHIP FUND SAME 6017908158 1020 HIGHLAND COLONY PARKWAY 200 RIDGELAND MS 39157 REGIONS BANK TRUSTEE 6017908158 2023-07-29 1 REGIONS BANK 999009999 1 TED B EDWARDS CPA P00957105 6019482924 2023-07-29 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z REGIONS BANK 1020 HIGHLAND COLONY PARKWAY SUITE 200 RIDGELAND MS 39157 539984 0 X N/A X 1957 MS ESTABLISH AND DISTRIBUTE SCHOLARSHIPS AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI 1 0 0 0 0 0 0 50000 0 0 121510 136533 0 0 121510 186533 54475 56383 0 0 11447 10989 0 0 0 2830 3756 68752 71128 52758 115405 1782881 1898286 0 0 1782881 1898286 TO PROVIDE FUNDS TO BE USED FOR SCHOLARSHIPS FOR STUDENTS AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI. 0 0 56383 56383 PAYMENT OF SCHOLARSHIP FUNDS TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI. AMOUNTS ARE ALLOCATED TO WORTHY STUDENTS DESIGNATED BY THE PRESIDENT OF THE UNIVERSITY. 56383 1 1 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 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 X MONICA OWEN 6017908158 1020 HIGHLAND COLONY PARKWAY SUITE RIDGELAND MS 39157 REGIONS BANK TRUSTEE 1.00 X 10989 0 0 10989 0 0 0 0 0 0 0 50000 50000 61140 61140 428844 353451 75393 75393 75393 186533 0 0 136533 56383 56383 10989 10989 2329 2329 FOREIGN TAX PAID 1427 1427 71128 56383 14745 0 45045 21514 1737157 1875925 679 847 1782881 1898286 0 0 X 142615 142615 0 0 1640266 1755671 1782881 1898286 1782881 1898286 115405 0 X 0 0 0 X X 1 UNIVERSITY OF SOUTHERN MISSISSIPPI 646000818 2 1 56383 0 1 56383 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 2375 0 0 0 61667 61935 64042 61935 0 0 0 0 15004 15539 49038 46396 2240334 2111920 52922 44914 0 0 2293256 2156834 0 0 0 2293256 2156834 34399 32353 2258857 2124481 79060 74357 0 0 79060 74357 49038 41682 79060 79060 0 79060 56383 0 0 0 0 0 56383 56383 79060 71.320000000000 79060 0 0 0 0 0 0 0 0 0 0 0 56383 0 56383 0 0 22677 0 0 0 0 0 0 PART IV, SECTION D, LINE 2 THE TRUSTEE MEETS AT LEAST ANNUALLY WITH OFFICIALS OF USM TO REVIEW AND DISCUSS PERFORMANCE AND INVESTMENTS. PART IV, SECTION D, LINE 3 THIS CHARITABLE TRUST HAS SUPPORTED AND MAINTAINED AN "HISTORIC AND CONTINUING RELATIONSHIP" WITH THE UNIVERSITY OF SOUTHERN MISSISSIPPI SINCE BEFORE 11/20/1970. THE TRUSTEE OF THE TRUST MEETS AT LEAST ONCE A YEAR WITH REPRESENTIVES OF THE SUPPORTED ORGANIZATION TO DISCUSS INVESTMENTS AND PERFORMANCE AND TO REVIEW THE SUPPORT PROVIDED BY THE TRUST. PART V, SECTION E, LINE 6 ALTHOUGH THIS CHARITABLE TRUST DOES NOT MEET THE DISTRIBUTION REQUIREMENT, THE TRUST QUALIFIES UNDER THE REASONABLE CAUSE EXCEPTION TO CONTINUE TO FILE AS A SUPPORING ORGANIZATION. IN ALL PRIOR YEARS, THIS CHARITABLE TRUST SATISFIED THE INTEGRAL PART TEST AS A QUALIFYING TRUST ON NOVEMBER 20, 1970 PURSUANT TO THE PROVISIONS OF IRC REG. SEC. 1.509(A)-4(I)(9). HOWEVER, DURING TAX YEAR 2022, THE TRUST RECEIVED AN UNEXPECTED CONTRIBUTION THUS DISQUALIFYING IT FROM THE EXCEPTION UNDER IRC REG. SEC. 1.509(A)-4(I)(9). BECAUSE THIS WAS THE FIRST CONTRIBUTION RECEIVED AND THE TRUST HAS IN ALL PRIOR YEARS QUALIFIED FOR THE EXCEPTION, THE TRUST WAS UNAWARE OF THE MINIMUM DISTRIBUTION REQUIREMENT. THE FAILURE TO MEET THE DISTRIBUTION REQUIREMENT WAS BECAUSE OF THE UNFORSEEN GIFT AND NOT DUE TO WILLFUL NEGLECT. THE ORGANIZATION WILL ENSURE THAT THE REMAINING UNDISTRIBUTIONS FOR TAX YEAR 2022 ($22,677) WILL BE DISTRIBUTED BEFORE THE 180 DAY DEADLINE PASSES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1782881 50000 136533 56383 14745 1898286 1730123 121510 54475 14277 1782881 1746691 49637 54032 12173 1730123 1740576 77458 60433 10910 1746691 1691838 113650 58060 6852 1740576 0 0 0 0 UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE HATTIESBURG MS 39406 646000818 501(C)(3) 56383 0 DISTRIBUTE SCHOLARSHIPS TO WORTHY STUDENTS AS DETERMINED BY THE PRESIDENT OF THE COLLEGE 1 FORM 990, PART VI, SECTION A, LINE 8A ANNUALLY, REGIONS BANK MEETS WITH THE UNIVERSITY OF SOUTHERN MISSISSIPPI TO DISCUSS INVESTMENT PERFORMANCE. INVESTMENT ADJUSTMENTS THAT NEED TO BE MADE ARE NOTED AT THIS MEETING. INCOME EARNED AND DISTRIBUTIONS MADE ARE RECORDED IN A MONTHLY STATEMENT. SINCE THERE IS NO GOVERNING BODY OTHER THAN REGIONS BANK AS TRUSTEE, THERE ARE NO OTHER MEETINGS OR ACTIONS DURING THE YEAR TO BE DOCUMENTED. FORM 990, PART VI, SECTION A, LINE 8B SEE ABOVE EXPLANATION WITH REGARD TO LINE 8A. AS EXPLAINED, THE GOVERNING BODY CONSISTS SOLELY OF REGIONS BANK, TRUSTEE. THERE ARE NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN PREPARER DELIVERS A COPY OF THE FINAL VERSION OF THE FORM 990 TO REGIONS BANK, TRUSTEE, WHO REVIEWS THE RETURN BEFORE FILING. THERE ARE NO OTHER MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC, OTHER THAN THE ANNUAL FORM 990.