2024-04-19T14:01:13-05:00 2023-12-31 346565596 ERNST & YOUNG US LLP 40 WESTMINSTER ST STE 800 PROVIDENCE RI 02903 990 2023-01-01 586026048 RABUN GAP NS TR UA RABU 4045887227 PO BOX 919798 ORLANDO FL 328919798 TRUIST BANK DIRECTOR 4045887227 2024-04-18 true true RICHARD RALEIGH P00382844 4014573839 2024-04-18 2023 2023-04-26 12:10:37Z X TRUIST BANK PO BOX 919798 ORLANDO FL 328919798 14707040 false X N/A X 1937 GA TO PROVIDE SUPPORT TO THE RABUN GAP NACOOCHEE SCHOOL 1 0 0 0 0 39283 0 0 -1291467 675046 0 -1252184 675046 903682 924453 0 66232 63551 0 0 3323 3194 973237 991198 -2225421 -316152 17183319 16865179 0 0 17183319 16865179 TO PROVIDE SUPPORT TO THE RABUN GAP NACOOCHEE SCHOOL false false 956228 924453 TO PROVIDE SUPPORT TO THE RABUN GAP NACOOCHEE SCHOOL 956228 true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false X 1 0 false false false false false false false true true false false true false false false false false false GA X TRUIST BANK 4045887227 PO BOX 919798 ORLANDO FL 328919798 TRUIST BANK TRUSTEE 4.0 X 63551 0 0 63551 0 0 false false false 483400 483400 14223640 14031994 191646 191646 191646 675046 675046 924453 924453 63551 31775 31776 1500 1500 FOREIGN TAXES WITHHELD 1694 1694 991198 956228 34970 0 1235775 1263966 15947544 15601213 17183319 16865179 0 0 X 17183319 16865179 17183319 16865179 17183319 16865179 X -316152 -1988 X false false false X X 1 RABUN GAP-NACHOOCHEE SCHOOL 580593430 2 true 924453 0 1 924453 0 true false false false false false false false false false false true false false false false true false true X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Part IV Section D Line 2 TRUIST BANK (TRUIST) HAS SERVED AS SOLE TRUSTEE OF THIS TRUST SINCE ITS INCEPTION IN 1937. AS TRUSTEE, TRUIST MANAGES THE TRUST'S INVESTMENTS AND MAKES QUARTERLY PAYOUTS TO THE SOLE DESIGNATED BENEFICIARY, RABUN GAP-NACOOCHEE SCHOOL (RGNS), A 501(C)(3) PUBLIC CHARITY. HISTORICALLY, THESE PAYOUTS WERE NET INCOME DISTRIBUTIONS. STARTING IN 2012, THESE PAYOUTS ARE NOW MADE Part IV Section D Line 2 (continued) IN ACCORDANCE WITH A COURT ORDER THAT REQUIRES A 5% ANNUAL PAYOUT. THE TRUSTEE MEETS QUARTERLY WITH THE SUPOORTED ORGANIZATION. Part IV Section D Line 3 IN 2010, RGNS REQUESTED THAT TRUIST AS TRUSTEE PETITION THE FULTON COUNTY, GEORGIA SUPERIOR COURT TO REFORM THE TRUST FROM NET INCOME DISTRIBUTION TO A 5% ANNUAL PAYOUT BASED ON A FOUR YEAR MOVING AVERAGE MARKET VALUE OF THE TRUSTS ASSETS AS OF DECEMBER 31. THIS COURT ORDER, GRANTED ON JANUARY 30, 2011, SPECIFIES THE TIMING AND CALCULATION METHODOLOGY OF THE PAYOUTS. ALTHOUGH NOT REQUIRED BY THE Part IV Section D Line 3 (continued) TRUST AGREEMENT TRUIST MANAGES THE TRUSTS INVESTMENTS IN ACCORDANCE WITH RGNS INSTITUTIONAL INVESTMENT POLICY THAT IS REVIEWED AND UPDATED REGULARLY BY ITS INVESTMENT COMMITTEE. Part V Line 1 THE CHARITABLE TRUST WAS ESTABLISHED BEFORE NOVEMBER 20, 1970 AND DID NOT RECEIVE ANY ADDITIONAL CONTRIBUTIONS, GRANTS, BEQUESTS, OR OTHER TRANSFERS ON OR AFTER THAT DATE. THE GOVERNING INSTRUMENT REQUIRES THE TRUST TO DISTRIBUTE ALL OF THE NET INCOME TO A DESIGNATED PUBLIC CHARITY AND THE TRUSTEE HAS NO DISCRETION TO VARY THE BENEFICIARIES OR THE AMOUNTS PAYABLE TO THE BENEFICIARIES. THE TRUSTEES, NONE OF Part V Line 1 (continued) WHICH WOULD BE DISQUALIFIED PERSONS WITH REGARD TO THE TRUST, MAKES ANNUAL WRITTEN REPORTS TO THE SUPPORTED ORGANIZATION WITH RESPECT TO SUCH TRUST SETTING FORTH A DESCRIPTION OF THE ASSETS OF THE TRUST INCLUDING A DETAILED LIST OF THE ASSETS AND THE INCOME PRODUCED BY SUCH ASSETS. false RABUN GAP NACOOCHEE SCHOOL 339 NACOOCHEE DRIVE RABUN GAP GA 30568 580593430 501(C)(3) 924453 UNRESTRICTED GIFT 1 EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 THE ORGANIZATION IS A CHARITABLE TRUST. THE CHARITABLE PAYEE IS NAMED IN THE TRUST DOCUMENT. GRANTS ARE PAID IN ACCORDANCE WITH THE TRUST DOCUMENT FOR PURPOSES SPECIFIED IN THE TRUST DOCUMENT. Form 990 Part VI Section C Line 17 TRUST IS NOT REQUIRED TO FILE A COPY OF FORM 990 WITH ANY STATE FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW AN ELECTRONIC COPY OF THE RETURN PROVIDED TO TRUSTEE PRIOR TO FILING FORM 990, PAGE 6, PART VI, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC EXPLANATION FOR FORM 990, PART XI, LINE 9 2022 TRANSACTIONS POSTED IN 2023 OF $11,650, 2023 TRANSACTIONS POSTED IN 2024 OF ($13,623), AN ADJUSTMENT TO INCOME OF ($12), AND ROUNDING OF ($3). RABUN GAP NACOOCHEE SCHOOL 339 NACOOCHEE DR RABUN GAP GA 30568 580593430 EDUCATION GA 501(C)(3) 2 N/A false false true false false false false false false false false false false false false false false false false false RABUN GAP NACOOCHEE SCHOOL b 924453 FMV