Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
PHIL HARDIN FOUNDATION
 
% SHERYL FELTENSTEIN
Number and street (or P.O. box number if mail is not delivered to street address)2750 NORTH PARK DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MERIDIAN, MS39305
A Employer identification number

64-6024940
B Telephone number (see instructions)

(601) 483-4282
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$52,282,937J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,429,231 1,429,231  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 15,348,396
b Gross sales price for all assets on line 6a 43,427,712
7 Capital gain net income (from Part IV, line 2)... 15,348,396
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 100    
12 Total. Add lines 1 through 11........ 16,777,727 16,777,627  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 227,000 79,450   147,550
14 Other employee salaries and wages...... 231,094     231,094
15 Pension plans, employee benefits....... 16,241     16,241
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 10,810 5,405   5,405
c Other professional fees (attach schedule).... 41,474 41,474    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 375,513      
19 Depreciation (attach schedule) and depletion... Click to see attachment 36,875    
20 Occupancy.............. 7,481     7,481
21 Travel, conferences, and meetings....... 28,048 11,780   16,268
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 70,993     70,993
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,045,529 138,109   495,032
25 Contributions, gifts, grants paid....... 3,121,085 3,121,085
26 Total expenses and disbursements. Add lines 24 and 25 4,166,614 138,109   3,616,117
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,611,113
b Net investment income (if negative, enter -0-) 16,639,518
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,866,071 250,707 250,707
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 23,399,967 33,884,512 46,736,681
c Investments—corporate bonds (attach schedule)....... 824,388 4,592,291 4,522,099
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet1,204,320
Less: accumulated depreciation (attach schedule) bullet430,870 799,421 Click to see attachment773,450 773,450
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,889,847 39,500,960 52,282,937
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted............... 26,889,847 39,500,960
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 26,889,847 39,500,960
31 Total liabilities and net assets/fund balances (see instructions). 26,889,847 39,500,960
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
26,889,847
2
Enter amount from Part I, line 27a .....................
2
12,611,113
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
39,500,960
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
39,500,960
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADEED SECURITIES P 2014-01-01 2018-12-31
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 43,427,712   28,079,316 15,348,396
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       15,348,396
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 15,348,396
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 2,971,862 54,589,043 0.054441
2016 2,392,762 49,659,747 0.048183
2015 2,307,258 49,137,081 0.046956
2014 2,204,794 49,592,918 0.044458
2013 2,120,622 46,634,669 0.045473
2
Total of line 1, column (d) .....................
2
0.239511
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.047902
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
55,593,104
5
Multiply line 4 by line 3......................
5
2,663,021
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
166,395
7
Add lines 5 and 6........................
7
2,829,416
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,616,117
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 166,395
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 166,395
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 166,395
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 374,513
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 374,513
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 208,118
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet208,118 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMS
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.philhardin.org
    14
    The books are in care ofbulletSHERYL FELTENSTEIN Telephone no.bullet (601) 483-4282

    Located atbullet2750 NORTH PARK DRIVEMERIDIANMS ZIP+4bullet39305
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ROBERT F WARD PRESIDENT
    10.0     		44,000 0 0
    2750 NORTH PARK DRIVE
    MERIDIAN,MS39305
    ROBERT DEEN JR SENIOR VICE PRESIDENT
    4.0     		35,000 0 0
    2750 NORTH PARK DRIVE
    MERIDIAN,MS39305
    RONNIE L WALTON SECRETARY
    4.0     		35,000 0 0
    2750 NORTH PARK DRIVE
    MERIDIAN,MS39305
    MARTIN DAVIDSON TREASURER
    8.0     		35,000 0 0
    2750 NORTH PARK DRIVE
    MERIDIAN,MS39305
    JIM MCGINNIS DIRECTOR
    4.0     		26,000 0 0
    2750 NORTH PARK DRIVE
    MERIDIAN,MS39305
    KACEY BAILEY DIRECTOR
    4.0     		26,000 0 0
    2750 NORTH PARK DRIVE
    MERIDIAN,MS39305
    MICHAEL VANVECKHOVEN DIRECTOR
    4.0     		26,000 0 0
    2750 NORTH PARK DRIVE
    MERIDIAN,MS39305
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    LLOYD GRAY EXECUTIVE DIRECTOR
    40.0     		147,240 11,043 0
    2750 NORTH PARK DRIVE
    MERIDIAN,MS39305
    SHERYL FLOOD ADMIN ASSISTANT
    40.0     		69,300 5,198 0
    2750 NORTH PARK DRIVE
    MERIDIAN,MS39305
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    55,936,798
    b
    Average of monthly cash balances.......................
    1b
    502,902
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    56,439,700
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    56,439,700
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    846,596
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    55,593,104
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,779,655
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,779,655
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    166,395
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    166,395
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,613,260
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,613,260
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,613,260
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,616,117
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,616,117
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    166,395
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,449,722
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 2,613,260
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 798,474
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,616,117
    a Applied to 2017, but not more than line 2a 798,474
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 2,613,260
    e Remaining amount distributed out of corpus 204,383
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 204,383
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		204,383
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017.... 0
    e Excess from 2018.... 204,383
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NA
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    PHIL HARDIN FOUNDATION-LLOYD GRAY
    2750 NORTH PARK DRIVE
    MERIDIAN,MS39305
    (601) 483-4282
    bThe form in which applications should be submitted and information and materials they should include:
    CONTACT: PHIL HARDIN FOUNDATION-LLOYD GRAY
    cAny submission deadlines:
    CONTACT: PHIL HARDIN FOUNDATION-LLOYD GRAY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONTACT: PHIL HARDIN FOUNDATION-LLOYD GRAY
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    SOUTHEASTERN COUNCIL OF FOUNDATIONS
    50 HURT PLAZA
    ATLANTA,GA30303     		    ANNUAL MEMBERSHIP DUES 5,510
    THE UNIVERSITY OF MISSISSIPPI
    PO BOX 1848
    UNIVERSITY,MS38677     		    MS MOMENTUM 20,000
    MISSISSIPPI STATE UNIVERSITY FOUNDATION
    PO BOX 6018
    MISSISSIPPI STATE,MS39762     		    PHIL HARDIN FOUNDATION LIBRARIES 125,000
    GRANTMAKERS FOR EDUCATION
    720 SW WASHINGTON STREET
    PORTLAND,OR97205     		    DUES 500
    MERIDIAN COMMUNITY COLLEGE
    910 HIGHWAY 19 NORTH
    MERIDIAN,MS39307     		    BEST EARLY EDUCATION PRACTICE 103,000
    MERIDIAN COMMUNITY COLLEGE FOUNDATION
    910 HIGHWAY 19 NORTH
    MERIDIAN,MS39307     		    TWO SCHOLARSHIPS FOR MCC GRADUATES GOING TO A UNIVERSITY 10,000
    MISSISSIPPI ARTS COMMISSION
    501 NORTH WEST STREET
    JACKSON,MS39201     		    PROFESSIONAL DEVELOPMENT INITIATIVE 30,000
    MS ASSOCIATION OF PARTNERS IN EDUCATION
    PO BOX 3803
    MADISON,MS39130     		    WINTER-REED FRIENDS OF EDUCATION & MAPE CONFERENCE AND GOVERNOR'S AWARD 1,500
    MS ARTS AND ENTERTAINMENT CENTER
    1901 FRONT STREET
    MERIDIAN,MS39301     		    MS ARTS AND ENTERTAINMENT CENTER 300,000
    EAST CENTRAL MS HEALTH NETWORK
    PO BOX 284
    DECATUR,MS39327     		    RESIDENCY CONSORTIUM 147,800
    MERIDIAN JUNIOR AUXILLARY
    PO BOX 3194
    MERIDIAN,MS39301     		    READING IS FUNDAMENTAL 10,000
    NATIONAL CENTER ON EDUCATION & THE ECONOMY
    2121 K STREET NW SUITE 700
    WASHINGTON,DC20037     		    I3 GRANT 16,000
    WOMENS FOUNDATION OF MS
    120 NORTH CONGRESS ST
    JACKSON,MS39201     		    TWO-GENERATION COMMUNITY COLLEGE APPROACH 100,000
    EAST MS BUSINESS DEVELOPMENT FOUNDATION
    PO BOX 790
    MERIDIAN,MS39302     		    MS SCHOLARS AND TECH MASTER 40,000
    JONESTOWN FAMILY CENTER FOR EDUCATION AND WELLNESS
    PO BOX 248
    JONESTOWN,MS38639     		    EARLY CHILDHOOD MONTESSORI AND TODDLERS 15,000
    MERIDIAN SYMPHONY ASSOCIATION
    PO BOX 2171
    MERIDIAN,MS39302     		    LINK-UP 50,000
    MILSAPS COLLEGE
    1701 NORTH STATE STREET
    JACKSON,MS39210     		    EUDORA WELTY CHAIR OF SOUTHERN LITERATURE 100,000
    MS CHILDRENS MUSEUM
    PO BOX 55409
    JACKSON,MS39396     		    MS CHILDRENS MUSEUM-MERIDIAN, MS 200,000
    SOUTHEASTERN COUNCIL OF FOUNDATIONS
    100 PEACHTREE STREET
    ATLANTA,GA30303     		    SCHOLARSHIP 2,500
    UNITED WAY OF EAST MS
    PO BOX 3219
    MERIDIAN,MS39301     		    IMAGINATION LIBRARY 78,000
    UNITED WAY OF SOUTH MS
    11957 SEAWAY ROAD B 170
    GULFPORT,MS39503     		    EMPOWERING TEACHERS 50,000
    UNIVERSITY OF MS
    PO BOX 1848
    UNIVERSITY,MS38677     		    PHIL HARDIN PARTNERSIP INITIATIVE 163,040
    THE WECHSLER FOUNDATION
    PO BOX 4737
    MERIDIAN,MS39304     		    THE WESCHLER SCHOOL PROPOSAL 21,926
    COMPANY OF ANGELS INC
    PO BOX 1691
    MERIDIAN,MS39302     		    FLASH FILM FESTIVAL 5,000
    FREEDOM SUMMER TEACHING FELLOWSHIP
    PO BOX 3080405
    CAMBRIDGE,MA02238     		    FREEDOM SUMMER COLLEGIATE 17,925
    LQC LAMAR FOUNDATION
    PO BOX 107
    OXFORD,MS38655     		    LQC LAMAR FOUNDATION 20,000
    MERIDIAN COMMUNITY COLLEGE FOUNDATION
    910 HIGHWAY 19 NORTH
    MERIDIAN,MS39301     		    PHIL HARDIN FOUNDATION HONORS COLLEGE 50,000
    MERIDIAN FREEDOM PROJECT
    2415 8TH STREET
    MERIDIAN,MS39301     		    EXPEANDING STUDENT PROGRAMS & BUILDING ORGANIZATIONAL CAPACITY TO ACHIEVE SUSTAINABILITY 100,000
    MERIDIAN PUBLIC SCHOOL DISTRICT
    1019 25TH AVENUE
    MERIDIAN,MS39301     		    TEACH MERIDIAN 192,500
    MERIDIAN PUBLIC SCHOOL DISTRICT
    1019 25TH AVENUE
    MERIDIAN,MS39301     		    ACER R13 CHROMEBOOKS 2,500
    MERIDIAN PUBLIC SCHOOL DISTRICT
    1019 25TH AVENUE
    MERIDIAN,MS39301     		    ANY GIVEN CHILD 100,000
    COMMUNITY FOUNDTION OF GREATER JACKSON
    525 EAST CAPITOL STREET
    JACKSON,MS39201     		    MS CAMPAIGN FOR GRADE LEVEL READING 50,000
    COMMUNITY FOUNDATION OF GREATER JACKSON
    525 EAST CAPITOL STREET
    JACKSON,MS39201     		    DUES 1,200
    COMMUNITY FOUNDATION OF GREATER JACKSON
    525 EAST CAPITOL STREET
    JACKSON,MS39201     		    BUILDING PHILANTHROPIC CAPACITY 50,000
    MS MUSEUM OF ART
    380 SOUTH LAMAR STREET
    JACKSON,MS39201     		  NC THE SECOND AND THIRD GRADE INITIATIVE 25,000
    THE MS SCHOOL FOR MATH AND SCIENCE FOUNDATION
    1100 COLLEGE STREET
    COLUMBUS,MS39701     		  NC MS SCHOOLS FOR MATH & SCIENCE SUMMER CAMPS 7,000
    OPERATION SHOE STRING INC
    1711 BAILEY AVENUE
    JACKSON,MS39203     		  NC MS STATEWIDE AFTERSCHOOL NETWORK 25,000
    PROGRAM OF RESEARCH & EVALUATION FOR PUBLIC SCHOOL
    710 WILLIAM CAREY PARKWAY
    HATTIESBURG,MS39401     		  NC MS PRINCIPAL ACADEMY 25,000
    SPRING INITIATIVE
    PO BOX 1759
    CLARKSDALE,MS38614     		  NC SPRING INITIATIVE 25,000
    BELHAVEN UNIVERSITY
    1500 PEACHTREE STREET
    JACKSON,MS39202     		    START-UP INVESTMENT FIND FOR DOCTORATE 125,000
    BOYS & GIRLS CLUB OF EAST MS INC
    1717 45TH AVENUE
    MERIDIAN,MS39307     		    SCHOOL TO WORK 75,000
    NEW DESTINY DAYCARE AND LEARNING ACADEMY
    5721 5TH STREET
    MERIDIAN,MS39307     		    CAMP DETINY AFTERSCHOOL & SUMMER PROGRAM 50,000
    COFFEE HOUSE FILMS
    1510 EAST 55TH STREET
    PO BOX 15208
    CHICAGO,IL606152598     		    THE PAST IS NEVER DEAD: THE STORY OF WILLIAM FAULKNER 14,038
    COMMUNITY FOUNDATION FOR MISSISSIPPI
    2600 LAKELLAND TERRACE
    JACKSON,MS39216     		    DR. PAT LEVITT'S JANUARY VISIT TO MISSISSIPPI. 2,000
    EAST MS BUSINESS DEVELOPMENT FOUNDATION
    PO BOX 790
    MERIDIAN,MS393020790     		    LEADER IN ME: A PARTNERSHIP BETWEEN EMBDF & MPSD 44,245
    EXCEL INC
    PO BOX 1247
    CALHOUN CITY,MS38916     		    EXCEL AFTER SCHOOL AND SUMMER EXCEL LEARNING PROGRAMS 5,000
    GRIOT ARTS INC
    278 SUNFLOWER AVENUE
    CLARKSDALE,MS38614     		    ASSISTANT DIRECTOR OF YOUTH PROGRAM 10,000
    ILLUMINATIONS CENTER FOR DYSLEXIA INC
    302 17TH STREET
    MERIDIAN,MS39301     		    DYSLEXIA THERAPY CHARITY AID 5,000
    LAUDERDALE COUNTY SCHOOL DISTRICT
    PO BOX 5498
    MERIDIAN,MS39302     		    SUPERINTENDENT SEARCH 11,000
    MAGNOLIA SPEECH SCHOOL FOR THE DEAF
    733 FLAG CHAPEL ROAD
    JACKSON,MS39209     		    PLAYGROUND SWINGS 15,105
    MERIDIAN FREEDOM PROJECT
    2415 8TH STREET
    MERIDIAN,MS39301     		    SUSTAINING GROWTH AND EXP 15,016
    MISSISSIPPI BOOK FESTIVAL INC
    PO BOX 1185
    JACKSON,MS39215     		    BOOKS, CHILDREN & EDUCATION 20,000
    MISSISSIPPPI CENTER FOR NONPROFITS
    201 WEST CAPITOL STREET
    JACKSON,MS39201     		    THE MS CHILDREN'S MUSEUM SATELLITE LOCATION - MERIDIAN, MS 20,000
    MISSISSIPPI COLLEGE
    PO BOX 4001
    CLINTON,MS39058     		    THINK READY STEM 75,000
    MISSISSIPPI STATE UNIVERSITY FOUNDATION INC
    PO BOX 6018
    MISSISSIPPI STATE,MS39762     		    MASTER OF ASSISTANT PHYSICIAN STUDIES 100,000
    MISSISSIPPI STATE UNIVERSITY FOUNDATION
    PO BOX 6018
    MISSISSIPPI STATE,MS39762     		    GRADUATE ALTERNATE ROUTE CERTIFICATION TRAINING 37,500
    MONROE COUNTY CHILDRENS VISION CENTER
    800 WEST COMMERCE STREET
    ABERDEEN,MS39730     		    2ND ANNUAL "HIDDEN DISORDERS-RIGHT IN FRONT OF OUR EYES" 2,000
    NATIONAL CENTER ON EDUCATION & THE ECONOMY
    2121 K STREET NW SUITE 700
    WASHINGTON,DC20037     		    NATIONAL INSTITUTE FOR SCHOOL LEADERSHIPS SUPERINTENDENT ACADEMY FOR MS 61,400
    ROSEDALE COMMUNITY YOUTH CENTER
    PO BOX 21
    ROSEDALE,MS38769     		    YOUTH EMPLOYMENT PROGRAM, COLLEGE COHORT SUPPORT 7,500
    SPRINGHILL MISSIONARY BAPTIST CHURCH
    PO BOX 385
    TOOMSUBA,MS39364     		    TACT PROJECT 10,000
    SUNFLOWER COUNTY FREEDOM PROJECT
    PO BOX 701
    SUNFLOWER,MS38778     		    FREEDOM SUMMER PROGRAMMING 25,000
    TRINITY DYSLEXIA EDUCATION CENTER
    4223 POPLAR SPRINGS DRIVE
    MERIDIAN,MS39305     		    TRINITY DYSLEXIA EDUCATION CENTER ANNUAL 20,380
    UNIVERSITY OF MISSISSIPPI FOUNDATION
    406 UNIVERSITY AVENUE
    OXFORD,MS38655     		    STEPHEN MOORE ENDOWMENT 50,000
    UNIVERSITY OF MISSISSIPPI FOUNDATION
    406 UNIVERSITY AVENUE
    OXFORD,MS38655     		    CHILDRENS HOSPITAL OF MS CAPITAL CAMPAIGN 35,000
    Total .................................bullet 3a 3,121,085
    bApproved for future payment
    MS ARTS AND ENTERTAINMENT CENTER
    1901 FRONT STREET
    MERIDIAN,MS39301     		    MS ARTS AND ENTERTAINMENT CENTER 3,000,000
    MISSISSIPPI STATE UNIVERSITY FOUNDATION
    PO BOX 6018
    MISSISSIPPI STATE,MS39762     		    PHIL HARDIN FOUNDATION LIBRARIES 1,250,000
    MERIDIAN COMMUNITY COLLEGE FOUNDATION
    910 HIGHWAY 19 N
    MERIDIAN,MS39301     		    PHIL HARDIN FOUNDATION HONORS COLLEGE 1,000,000
    MILLSAPS COLLEGE
    1701 N JACKSON ST
    JACKSON,MS39201     		    THE EUDORA WELTY CHAIR OF SOUTHERN LITERATURE 500,000
    MS ARTS COMMISSION
    501 NORTH WEST STREET
    JACKSON,MS39201     		    PROFESSIONAL DEVELOPMENT FOR WSI 90,000
    MS CHILDRENS MUSEUM
    PO BOX 55409
    JACKSON,MS39396     		    MS CHILDRESN MUSEUM SATELLITE LOCATION-MERIDIAN, MS 3,000,000
    LQC LAMAR FOUNDATION
    PO BOX 107
    OXFORD,MS38655     		    LQC LAMAR FOUNDATION 60,000
    MERIDIAN SYMPHONY ASSOCIATION
    PO BOX 2171
    MERIDIAN,MS39302     		    LINK-UP 250,000
    COMMUNITY FOUNDATION OF GREATER JACKSON
    515 EAST CAPITOL STREET
    JACKSON,MS39201     		    MS CAMPAIGN FOR GRADE LEVEL READING SMALL GRANT FUND 150,000
    MISSISSIPPI COLLEGE
    200 CAPITOL STREET
    CLINTON,MS39056     		    THNK READY STEM 150,000
    MS MUSEUM OF ART
    380 S LAMAR STREET
    JACKSON,MS39201     		    THE SECOND AND THIRD GRADE INITIATIVE 75,000
    MS STATE UNIVERSITY FOUNDATION
    PO BOX 6018
    MISSISSIPPI STATE,MS39762     		    MASTER OF PHYSICIAL ASSISTANT STUDIES 300,000
    NATIONAL CENTER ON EDUCATION & THE ECONOMY
    2121 K STREET NW
    WASHINGTON,DC20037     		    NATIONAL INSTITUTE FOR SCHOOL LEADERSHIP'S SUPERINTNEDENT ACADEMY FOR MS 184,200
    OPERATION SHOESTRING
    1711 BAILEY AVENUE
    JACKSON,MS39203     		    MS STATEWIDE AFTERSCHOOL NETWORK 75,000
    THE UNIVERSITY OF MS
    PO BOX 1848
    UNIVERSITY,MS38677     		    PHIL HARDIN FOUNDTAION PARTNERSHIP INTITATIVE 450,000
    THE UNIVERSITY OF MS
    PO BOX 1848
    UNIVERSITY,MS38677     		    MS MOMENTUM 60,000
    UNIVERSITY OF MS FOUNDATION
    PO BOX 1848
    UNIVERSITY,MS38677     		    STEPHEN MOORE ENDOWMENT 250,000
    BELHAVEN UNVIVERSITY
    1500 PEACHTREE STREET
    MERIDIAN,MS39202     		    START-UP INVESTMENT FUND FOR DOCTORATE 250,000
    DELTA HEALTH ALLIANCE
    435 STONEVILLE ROAD
    LELAND,MS38756     		    REPLICATING PROMISING RESULTS AT A KEY EDUCATIONAL MILESTONE 150,000
    EAST MS BUSINESS DEVELOPMENT FOUNDATION
    PO BOX 790
    MERIDIAN,MS39302     		    LEADER IN ME 138,290
    FROM THE HEART PRODUCTIONS INC
    1455 MANDALAY BEACH ROAD
    OXNARD,CA93035     		    FANNIE LOU HAMERS AMERICA FILM AND FIND YOUR VOICE K-12 EDUCATIONAL CURRICULUM 15,000
    GRIOT ARTS INC
    278 SUNFLOWER AVE
    CLARKSDALE,MS38614     		    ASSISTANT DIRECTOR OF YOUTH PROGRAM 40,000
    MS CAMPAIGN FOR PREGNANCY
    34234
    JACKSON,MS39202     		    GROWING UP KNOWING 150,000
    MERIDIAN FREEDOM PROJECT
    2415 8TH STREET
    MERIDIAN,MS39301     		    EXPANDING STUDENT PROGRAMS AND BUILDING ORGANIZATIONAL CAPACITY TO ACHIEVE SUSTAINABILITY 300,000
    MERIDIAN PUBLIC SCHOOL DISTRICT
    1019 25TH AVENUE
    MERIDIAN,MS39301     		    TEACH MERIDIAN 385,000
    MILLSAPS COLLEGE
    1701 N JACKSON ST
    JACKSON,MS39201     		    MERIDIAN-MILLSAPS SUMMER INTERNSHIP PROGRAM 122,000
    MS STATE UNIVERSITY FOUNDATION
    PO BOX 6018
    MISSISSIPPI STATE,MS39762     		    BOB DEEN ENDOWMENT TO SUPPORT PHI BETTA KAPPA AT MSU 300,000
    NATIONAL COUNCIL ON TEACHER QUALITY
    1440 G STREET NW STE 8193
    WASHINGTON,DC20005     		    TEACHER PREP RATINGS 10,000
    PARENTS FOR PUBLIC SCHOOL
    125 SOUTH CONGRESS STREET
    JACKSON,MS39201     		    PPS EARLY CHILDHOOD DEVELOPMENT 50,000
    ROSEDALE COMMUNITY YOUTH CENTER
    PO BOX 21
    ROSEDALE,MS38769     		    YOUTH EMPLOYMENT PROGRAM, COLLEGE COHORT SYSTEM 60,000
    SPRING INITITATIVE
    PO BOX 1759
    CLARKSDALE,MS38614     		    SPRING INTITATIVE: COLLEGE ACCESS 70,000
    SUNFLOWER COUNTY FREEDOM PROJECT
    PO BOX 701
    SUNFLOWER,MS38778     		    FREEDOM SUMMER PROGRAMMING 100,000
    UNIVERSITY OF MS FOUNDATION
    PO BOX 1848
    UNIVERSITY,MS38677     		    CHILDRENS HOSPITAL OF MS CAPITAL CAMPAIGN 100,000
    WOMENS FOUNDATION OF MS
    2906 NORTH STATE ST
    JACKSON,MS39216     		    TWO GENERATION COMMUNITY COLLEGE APPROACH 200,000
    COMMUNITY FOUNDATION OF GREATER JACKSON
    515 EAST CAPITOL STREET
    JACKSON,MS39201     		    BUILDING PHILANTHROPIC CAPACITY 100,000
    Total .................................bullet 3b 13,384,490
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aOTHER INCOME         23,883
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 1,405,448  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 15,348,396  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   16,753,844 23,883
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,777,727
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    PHIL HARDIN FOUNDATION
    EIN:
    64-6024940
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE FURNISHINGS 1990-01-01 4,430 4,430 SL 10        
    CALCULATOR 1992-01-01 200 200 SL 10        
    FURNITURE, FURNISH 1996-01-01 41,025 41,025 SL 10        
    RUG 1999-01-01 681 681 SL 10        
    TABLE 2000-01-01 401 401 SL 10        
    FURNITURE 2000-01-01 1,006 1,006 SL 10        
    FURNISHINGS 2000-01-01 3,074 3,074 SL 10        
    17 INCH MONITOR 2002-03-25 161 161 SL 5        
    COMPUTER EQUIPMENT 2003-12-29 3,273 3,273 SL 5        
    19" LCD PRINTER 17 2004-04-01 985 985 SL 5        
    HP OFFICE JET PRIN 2005-06-09 504 504 SL 5        
    COMPUTER EQUIPMENT 2005-07-29 1,599 1,599 SL 5        
    DESKJET PRINTER 2005-07-29 129 129 SL 5        
    LCD 17" MONITOR 2005-07-29 239 239 SL 5        
    FRAMING OF 14 WATE 2006-02-14 1,109 1,109 SL 10        
    MONROE CALCULATOR 2007-03-02 192 192 SL 5        
    REURB. TYPEWRITER 2007-04-23 748 748 SL 5        
    SHREDDER 2007-05-08 637 637 SL 5        
    TOSHIBA COPIER 2007-06-20 10,723 10,723 SL 10        
    WIRELESS PACKAGE 2007-06-26 585 585 SL 5        
    LEATHER EXEC CHAIR 2007-09-19 825 825 SL 5        
    HP COMPUTER & EQUI 2007-09-25 7,858 7,858 SL 5        
    DESK & RETURN 2007-09-11 1,471 1,471 SL 5        
    FILING CABINET 2007-09-14 266 266 SL 5        
    SERVER & EQUIP 2007-10-26 5,788 5,788 SL 5        
    CANON SCANNER 2008-11-07 625 625 SL 5        
    LAND 2008-12-31 55,000   L          
    NEW BUILDING 2010-02-15 988,416 260,831 SL 30 32,947      
    RECORDER 2008-02-13 211 211 SL 5        
    BLACKBERRY 2008-02-13 321 321 SL 5        
    HEKMAN FURNITURE 2010-02-15 2,162 2,162 SL 5        
    LATERAL FILES 2010-02-15 3,485 3,485 SL 5        
    OFFICSOURCE FURNIT 2010-02-15 1,729 1,729 SL 5        
    OFFISOURCE FURNITU 2010-02-15 4,077 4,077 SL 5        
    RECOVER CHAIR 2010-02-15 643 643 SL 5        
    WOODSTOCK FURNITUR 2010-02-15 2,066 2,066 SL 5        
    RUGS-TINNIN IMPORT 2010-02-15 4,495 4,495 SL 5        
    BLINDS 2010-02-15 978 978 SL 5        
    LEATHER CHAIR-SOUT 2010-02-15 1,328 1,328 SL 5        
    LATERAL FILES-SOUT 2010-02-15 5,486 5,486 SL 5        
    CAMERA 2009-09-19 504 504 SL 5        
    DISHWASHER 2009-08-18 410 410 SL 5        
    INTERIOR DESIGN 2010-01-19 1,335 1,335 SL 5        
    MAILBOX 2010-01-21 507 507 SL 5        
    11 BLINDS-ABBA 2010-02-09 1,955 1,955 SL 5        
    MIRRORS-BATHROOM 2010-02-09 511 511 SL 5        
    FURNITURE 2010-02-24 1,505 1,505 SL 5        
    DRAPERIES 2010-03-01 6,067 6,067 SL 5        
    FRAMING 2010-03-03 1,200 1,200 SL 5        
    FRAMING 2010-03-30 770 770 SL 5        
    WASHINGTON PRINT 2010-04-08 586 586 SL 5        
    BLACK LEATH CHAIRS 2010-04-13 1,250 1,250 SL 5        
    FRAMING 2010-04-13 1,399 1,399 SL 5        
    OREK VACUUM 2010-04-13 236 236 SL 5        
    DECORATIONS 2010-04-16 3,242 3,242 SL 5        
    FLORAL ARRANGEMENT 2010-04-16 492 492 SL 5        
    DECORATIONS 2010-04-23 2,764 2,764 SL 5        
    MICROWAVE 2010-04-29 119 119 SL 3        
    PLACEMATS 2010-05-04 184 184 SL 3        
    FURNITURE 2010-05-20 2,355 2,355 SL 5        
    PEDESTAL TABLE 2010-05-20 641 641 SL 5        
    FRAMING 2010-06-01 225 225 SL 5        
    CAST BRONZE PLAQUE 2010-06-01 974 974 SL 5        
    FRAMING 2010-06-01 1,508 1,508 SL 5        
    16 IMAGES PRINTS 2010-06-01 1,120 1,120 SL 5        
    FRAMING 2010-06-01 1,500 1,500 SL 5        
    BOB DEEN'S PHOTOS 2010-06-07 160 160 SL 5        
    FICUS TREE 2010-06-07 294 294 SL 5        
    DESIGN 2010-06-10 2,286 2,286 SL 5        
    PLANTERS & RUGS 2010-06-17 2,269 2,269 SL 5        
    PLAQUES HANGING 2010-06-28 85 85 SL 5        
    PERSIAN RUG 2010-06-30 262 262 SL 5        
    INTERIOR DESIGN 2010-06-30 3,723 3,723 SL 5        
    PLANT 2010-07-19 257 257 SL 3        
    IRRIGATION SYSTEM 2011-01-04 2,624 2,624 SL 7        
    SOD 2011-04-13 3,525 3,525 SL 5        
    TABLE-DIRECTOR'S 2011-06-21 534 534 SL 5        
    ELECTRONIC DOOR 2011-11-07 1,000 1,000 SL 5        
    HP COMPUTER 2012-02-15 1,290 1,290 SL 5        
    POWER SUPPLY ALARM 2012-06-01 754 754 SL 5        
    LANDSCAPING 2013-07-01 2,606 2,606 SL 3        
    GIFTS ONLINE PROGR 2014-01-30 8,210 8,210 SL 3        
    DELL OPTIPLEX 3020 2014-05-06 2,977 2,182 SL 5 595      
    KYOCERA COPIER 2017-05-09 6,950 927 SL 5 1,390      
    SIGN - MITCHELL 2017-09-18 10,276 257 SL 10 1,028      
    LASER PRINTER 2018-01-08 834   SL 5 167      
    WEBSITE DESIGN 2018-07-27 4,586   SL 5 382      
    LED LIGHT BULBS 2018-08-17 5,484   SL 5 366      

    TY 2018 LandEtcSchedule2
    Name:
    PHIL HARDIN FOUNDATION
    EIN:
    64-6024940
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE FURNISHINGS        
    CALCULATOR        
    FURNITURE, FURNISH 41,025 41,025    
    RUG        
    TABLE        
    FURNITURE        
    FURNISHINGS        
    17 INCH MONITOR        
    COMPUTER EQUIPMENT        
    19" LCD PRINTER 17        
    HP OFFICE JET PRIN        
    COMPUTER EQUIPMENT        
    DESKJET PRINTER        
    LCD 17" MONITOR        
    FRAMING OF 14 WATE        
    MONROE CALCULATOR        
    REURB. TYPEWRITER        
    SHREDDER        
    TOSHIBA COPIER        
    WIRELESS PACKAGE        
    LEATHER EXEC CHAIR        
    HP COMPUTER & EQUI        
    DESK & RETURN        
    FILING CABINET        
    SERVER & EQUIP        
    CANON SCANNER        
    LAND 55,000   55,000  
    NEW BUILDING 988,416 293,778 694,638  
    RECORDER        
    BLACKBERRY        
    HEKMAN FURNITURE 2,162 2,162    
    LATERAL FILES 3,485 3,485    
    OFFICSOURCE FURNIT 1,729 1,729    
    OFFISOURCE FURNITU 4,077 4,077    
    RECOVER CHAIR 643 643    
    WOODSTOCK FURNITUR 2,066 2,066    
    RUGS-TINNIN IMPORT 4,495 4,495    
    BLINDS 978 978    
    LEATHER CHAIR-SOUT 1,328 1,328    
    LATERAL FILES-SOUT 5,486 5,486    
    CAMERA        
    DISHWASHER        
    INTERIOR DESIGN 1,335 1,335    
    MAILBOX 507 507    
    11 BLINDS-ABBA 1,955 1,955    
    MIRRORS-BATHROOM 511 511    
    FURNITURE 1,505 1,505    
    DRAPERIES 6,067 6,067    
    FRAMING 1,200 1,200    
    FRAMING 770 770    
    WASHINGTON PRINT 586 586    
    BLACK LEATH CHAIRS 1,250 1,250    
    FRAMING 1,399 1,399    
    OREK VACUUM 236 236    
    DECORATIONS 3,242 3,242    
    FLORAL ARRANGEMENT 492 492    
    DECORATIONS 2,764 2,764    
    MICROWAVE 119 119    
    PLACEMATS 184 184    
    FURNITURE 2,355 2,355    
    PEDESTAL TABLE 641 641    
    FRAMING 225 225    
    CAST BRONZE PLAQUE 974 974    
    FRAMING 1,508 1,508    
    16 IMAGES PRINTS 1,120 1,120    
    FRAMING 1,500 1,500    
    BOB DEEN'S PHOTOS 160 160    
    FICUS TREE 294 294    
    DESIGN 2,286 2,286    
    PLANTERS & RUGS 2,269 2,269    
    PLAQUES HANGING 85 85    
    PERSIAN RUG 262 262    
    INTERIOR DESIGN 3,723 3,723    
    PLANT 257 257    
    IRRIGATION SYSTEM 2,624 2,624    
    SOD 3,525 3,525    
    TABLE-DIRECTOR'S 534 534    
    ELECTRONIC DOOR 1,000 1,000    
    HP COMPUTER 1,290 1,290    
    POWER SUPPLY ALARM 754 754    
    LANDSCAPING 2,606 2,606    
    GIFTS ONLINE PROGR 8,210 8,210    
    DELL OPTIPLEX 3020 2,977 2,777 200  
    KYOCERA COPIER 6,950 2,317 4,633  
    SIGN - MITCHELL 10,276 1,285 8,991  


    TY 2018 OtherExpensesSchedule
    Name:
    PHIL HARDIN FOUNDATION
    EIN:
    64-6024940
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REPAIRS 2,451     2,451
    INSURANCE 12,894     12,894
    SUPPLIES 405     405
    TELEPHONE 4,276     4,276
    WEBSITE, INTERNET 3,840     3,840
    MISCELLANEOUS 19,549     19,549
    OFFICE 10,556     10,556
    PUBLIC RELATIONS 7,480     7,480
    AUTOMOBILE 9,542     9,542


    TY 2018 OtherIncomeSchedule2
    Name:
    PHIL HARDIN FOUNDATION
    EIN:
    64-6024940
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 100