Elizabeth Entrikin Cooke Foundation

“While the elizabeth entrikin cooke foundation does not have a conflict of interest policy, a written whistleblower policy and a written document retention and destruction policy, regions bank, the corporate trustee, does have a conflict of interest policy, a whistleblower policy and a document retention and destruction policy. All bank policies are monitored by the bank's management.”

“The corporate trustee is the sole paid member of the trust's governing board. The administrative board of the first regional library, which also serve as the administrative board for the trust, is not compensated by the charity.”

“The current administrative board of the first regional library are officers of the trust. Regions bank is the corporate trustee.”

“The amounts paid to first regional library after consideration of the administrative board's recommendations are documented in the books and records of the trust.”

“Corporate trustee has not set up any committees to act on its behalf. The administrative committee for the trust which is made up of the current administrative board members of the first regional library documents its periodic meetings and provides its recommendations as to amount and timing of payments to corporate trustee.”

“The corporate trustee prepares the form 990. Senior tax department staff reviews the return for accuracy as to content and calculations, in consultation with the account administrative officer as needed, and a draft is routed to the administrative board for review prior to filing the form 990 return with the internal revenue service.”

“The corporate trustee is the only compensated member of the foundation's governing body. Corporate trustee fees are based upon published fee schedules.”

“The corporate trustee makes the tax return and governing documents available upon written request. Paper copies will be provided.”

“Timing difference $82, rounding $1,931”