TY 2017 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2019

Open to Public Inspection

For calendar year 2019, or tax year beginning 11-01-2017 , and ending 10-31-2018

Name of foundation
HARDIN CHARITABLE TRUST 44-8802409

Number and street (or P.O. box number if mail is not delivered to street address)4385 POPLAR AVE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MEMPHIS, TN38117

A Employer identification number

26-6754597

B Telephone number (see instructions)

(901) 681-2346

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$10,693,720J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	337,031		337,031
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,046,201
b	Gross sales price for all assets on line 6a 6,827,683
7	Capital gain net income (from Part IV, line 2)...			1,046,201
8	Net short-term capital gain.........				0
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).......		13,069
12	Total. Add lines 1 through 11........	1,396,301		1,383,232
13	Compensation of officers, directors, trustees, etc.	75,603		37,801		37,801
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		2,018			0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		6,090
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	83,711		37,801	0	37,801
25	Contributions, gifts, grants paid.......	703,000				703,000
26	Total expenses and disbursements. Add lines 24 and 25	786,711		37,801	0	740,801
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	609,590
b	Net investment income (if negative, enter -0-)			1,345,431
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2019)

Form 990-PF (2019)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	616,867	157,489	157,489
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	4,558,446	5,481,734	6,281,619
	c	Investments—corporate bonds (attach schedule).......	4,228,887	4,368,518	4,254,612
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	9,404,200	10,007,741	10,693,720
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	9,404,200	10,007,741
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	9,404,200	10,007,741
	30	Total liabilities and net assets/fund balances (see instructions).	9,404,200	10,007,741

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

9,404,200

Enter amount from Part I, line 27a .....................

609,590

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

10,013,790

Decreases not included in line 2 (itemize) bullet

6,049

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

10,007,741

Form 990-PF (2019)

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	100000. WELLS FARGO CO 5.625% 12/11/17		2009-03-20	2017-12-11
b	100000. NASHVILLE TN 5.000% 1/01/25		2008-11-15	2018-01-01
c	100000. WACHOVIA CORP 5.750% 2/01/18		2009-03-20	2018-02-01
d	327. DTE ENERGY CO		2016-08-30	2018-02-09
e	3637. HP INC		2016-08-30	2018-02-09
	100000. CHATTANOOGA TN ELEC 5.000% 9/01/26		2008-11-15	2018-03-01
	23464.648 VICTORY INCORE FND FR INC-I		2013-05-14	2018-03-08
	23820.173 VICTORY INCORE FND FR INC-I		2016-08-30	2018-03-16
	575. AT & T INC		2017-08-11	2018-03-22
	330. THE ALLSTATE CORPORATION		2016-08-30	2018-03-22
	35. ALPHABET INC CL A		2016-08-30	2018-03-22
	280. AMERISOURCEBERGEN CORP		2016-08-30	2018-03-22
	225. AMERIPRISE FINANCIAL INC.		2016-08-30	2018-03-22
	150. AMGEN		2017-04-12	2018-03-22
	285. APPLE COMPUTER INC		2016-08-30	2018-03-22
	170. BAKER HUGHES A GE CO		2017-09-20	2018-03-22
	1670. BANK OF AMERICA CORP		2016-08-30	2018-03-22
	945. BEST BUY CO INC XXX-XX-XXXX		2016-09-12	2018-03-22
	90. BIOGEN INC		2014-12-24	2018-03-22
	205. BOEING CO WITH RIGHTS EXP 8/7/97		2016-08-30	2018-03-22
	1170. CA INC		2018-02-09	2018-03-22
	310. CAPITAL ONE FIN CORP		2016-08-30	2018-03-22
	855. CISCO SYSTEMS		2016-08-30	2018-03-22
	780. COMCAST CORP-CL A		2016-08-30	2018-03-22
	520. DARDEN RESTAURANTS INC		2016-08-30	2018-03-22
	765. EBAY INC COM		2015-07-21	2018-03-22
	125. ECOLAB INC		2016-08-30	2018-03-22
	550. FISERV INC		2016-08-30	2018-03-22
	535. FIRST ENERGY CORP		2018-02-09	2018-03-22
	295. GILEAD SCIENCES INC		2016-08-30	2018-03-22
	760. INTEL CORP		2016-08-30	2018-03-22
	85. IBM		2016-08-30	2018-03-22
	355. ISHARES DJ U.S. REAL ESTATE ETF		2016-08-30	2018-03-22
	380. JP MORGAN CHASE & CO		2015-02-04	2018-03-22
	455. KINDER MORGAN INC		2017-04-12	2018-03-22
	765. KOHL'S DEPT STORE		2016-08-30	2018-03-22
	165. L3 TECHNOLOGIES INC		2017-04-12	2018-03-22
	28585. LORD ABBETT FLOATING RATE-I		2016-08-30	2018-03-22
	208064.878 LORD ABBETT INCOME-I		2014-03-20	2018-03-22
	3695. LORD ABBETT SHRT DUR INC-I		2014-03-20	2018-03-22
	420. LOWES COS INC		2016-09-12	2018-03-22
	370. MANPOWERGROUP INC		2016-08-30	2018-03-22
	95. MCKESSON CORPORATION 58155Q103		2016-08-30	2018-03-22
	380. METLIFE INC		2016-08-30	2018-03-22
	550. NATIONAL-OILWELL INC		2015-04-10	2018-03-22
	380. OPPENHEIMER INTL GROWTH FD-Y		2014-03-20	2018-03-22
	195. PARKER HANNIFIN CORP		2017-04-12	2018-03-22
	245. PEPSICO		2017-08-11	2018-03-22
	405. PUBLIC SERVICE ENTERPRISE GROUP INC		2016-08-30	2018-03-22
	5692.268 T ROWE PRICE DIVID GROWTH FD		2016-01-14	2018-03-22
	125. SPECTRUM BRANDS HOLDINGS INC		2017-04-12	2018-03-22
	165. STANLEY BLACK & DECKER INC		2016-08-30	2018-03-22
	355. TARGET CORP		2016-08-30	2018-03-22
	155. TRAVELERS COMPANIES INC		2015-02-04	2018-03-22
	425. TYSON FOODS INC CLASS A		2014-01-21	2018-03-22
	240. UNION PACIFIC		2016-08-30	2018-03-22
	650. UNUMPROVIDENT CORP		2015-02-04	2018-03-22
	445. VALERO ENERGY CORP		2016-06-30	2018-03-22
	1915. VANGUARD REAL ESTATE ETF		2014-08-26	2018-03-22
	7374.663 VANGUARD GROWTH INDEX FD ADM		2011-03-10	2018-03-22
	6387.497 VANGUARD S/C VAL INDX-INST		2015-12-15	2018-03-22
	23820.173 VICTORY INCORE FND FR INC-I		2016-08-30	2018-03-22
	490. WAL-MART STORES		2016-08-30	2018-03-22
	305. WALGREENS BOOTS ALLIANCE INC		2016-08-30	2018-03-22
	4460. WESTERN ASSET CORE PLUS BD-I		2016-08-30	2018-03-22
	70. ALLERGAN PLC		2016-08-30	2018-03-22
	210. PERRIGO CO PLC		2016-08-30	2018-03-22
	250. LYONDELLBASELL INDUSTRIES NV		2017-04-12	2018-03-22
	693. BANK OF AMERICA CORP		2011-10-27	2018-04-23
	100000. MEDTRONIC INC 5.600% 3/15/19		2009-03-24	2018-04-27
	100000. ROBERTSON CNTY TN 4.125% 6/01/24		2008-11-15	2018-06-01
	9258.563 AMERICAN BEACON S/C VA OP-Y		2018-03-26	2018-06-06
	6925.605 AMERICAN BEACON S/C VA OP-Y		2016-01-21	2018-06-06
	7165.816 FEDERATED TOTAL RETURN BOND FUND-IN		2018-03-26	2018-06-06
	32.886 HARTFORD SMALLCAP GROWTH-I		2018-03-26	2018-06-06
	7104.835 HARTFORD SMALLCAP GROWTH-I		2016-08-30	2018-06-06
	11419.685 LORD ABBETT FLOATING RATE-I		2016-08-30	2018-06-06
	11127.079 LORD ABBETT SHRT DUR INC-I		2014-03-20	2018-06-06
	5977.355 PIMCO INCOME FUND-INS		2018-03-26	2018-06-06
	9273.076 T ROWE PRICE EMERG MRKT ST-I		2018-03-26	2018-06-06
	3671.061 THORNBURG LTD TRM INC-I		2018-03-08	2018-06-06
	11. VALERO ENERGY CORP		2016-06-30	2018-06-06
	6293.545 WESTERN ASSET CORE PLUS BD-I		2016-08-30	2018-06-06
	279. LOWES COS INC		2011-08-11	2018-06-25
	60. LOWES COS INC		2018-06-06	2018-06-25
	60. STANLEY BLACK & DECKER INC		2018-06-06	2018-06-25
	127. STANLEY BLACK & DECKER INC		2015-04-10	2018-06-25
	. CLASS ACTION SETTLEMENTS			2018-06-26
	30000. NATL RURAL UTIL 10.375% 11/01/18		2009-03-20	2018-07-12
	.4 GARRETT MOTION INC		2018-06-25	2018-10-12
	17. GARRETT MOTION INC		2018-06-25	2018-10-22
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	100,000	100,000
b	100,000	100,000
c	100,000	100,000
d	32,635	22,028	10,607
e	71,029	51,083	19,946
	100,000	100,000
	207,897	259,519	-51,622
	211,047	260,455	-49,408
	20,413	21,963	-1,550
	31,785	10,476	21,309
	37,015	26,129	10,886
	24,113	24,071	42
	34,404	18,094	16,310
	26,658	24,402	2,256
	48,292	25,663	22,629
	5,129	6,368	-1,239
	51,270	14,229	37,041
	63,329	35,424	27,905
	24,817	28,262	-3,445
	66,595	27,211	39,384
	40,388	38,439	1,949
	29,659	20,439	9,220
	37,217	18,673	18,544
	26,162	25,459	703
	44,914	24,603	20,311
	31,352	21,950	9,402
	16,925	15,094	1,831
	39,585	5,890	33,695
	18,380	16,656	1,724
	22,160	22,634	-474
	38,859	22,624	16,235
	13,040	13,541	-501
	26,604	29,202	-2,598
	42,389	14,352	28,037
	7,030	9,858	-2,828
	48,067	37,037	11,030
	33,539	27,427	6,112
	262,982	260,695	2,287
	580,501	597,146	-16,645
	15,519	16,775	-1,256
	36,121	18,283	17,838
	43,581	26,236	17,345
	13,524	16,630	-3,106
	17,469	14,214	3,255
	20,507	26,285	-5,778
	16,560	13,962	2,598
	34,828	30,653	4,175
	26,766	28,645	-1,879
	19,781	13,213	6,568
	243,971	184,486	59,485
	11,581	17,398	-5,817
	25,903	16,165	9,738
	24,489	25,335	-846
	21,663	6,307	15,356
	31,292	14,950	16,342
	32,535	18,930	13,605
	31,940	8,003	23,937
	41,525	22,254	19,271
	144,928	142,043	2,885
	542,849	237,707	305,142
	198,204	152,022	46,182
	211,047	231,770	-20,723
	42,695	32,840	9,855
	20,243	24,076	-3,833
	51,424	53,520	-2,096
	11,400	15,950	-4,550
	17,264	19,045	-1,781
	26,984	21,682	5,302
	21,005	5,059	15,946
	102,572	101,912	660
	100,000	91,333	8,667
	266,832	246,000	20,832
	199,596	135,880	63,716
	75,528	76,029	-501
	2,109	1,960	149
	455,562	341,885	113,677
	104,833	104,148	685
	46,511	50,517	-4,006
	71,609	72,625	-1,016
	410,033	435,000	-24,967
	48,385	48,642	-257
	1,352	550	802
	71,180	75,523	-4,343
	26,996	5,323	21,673
	5,806	5,843	-37
	7,981	8,503	-522
	16,894	12,250	4,644
	160		160
	30,710	35,763	-5,053
	6	6
	237	256	-19
			69,012

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
b
c
d			10,607
e			19,946

			-51,622
			-49,408
			-1,550
			21,309
			10,886
			42
			16,310
			2,256
			22,629
			-1,239
			37,041
			27,905
			-3,445
			39,384
			1,949
			9,220
			18,544
			703
			20,311
			9,402
			1,831
			33,695
			1,724
			-474
			16,235
			-501
			-2,598
			28,037
			-2,828
			11,030
			6,112
			2,287
			-16,645
			-1,256
			17,838
			17,345
			-3,106
			3,255
			-5,778
			2,598
			4,175
			-1,879
			6,568
			59,485
			-5,817
			9,738
			-846
			15,356
			16,342
			13,605
			23,937
			19,271
			2,885
			305,142
			46,182
			-20,723
			9,855
			-3,833
			-2,096
			-4,550
			-1,781
			5,302
			15,946
			660
			8,667
			20,832
			63,716
			-501
			149
			113,677
			685
			-4,006
			-1,016
			-24,967
			-257
			802
			-4,343
			21,673
			-37
			-522
			4,644
			160
			-5,053

			-19

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,046,201
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 ...................		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? Yes No

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))
2018	3,374,561	11,620,458	0.290398
2017	900,115	13,110,870	0.068654
2016	1,772,906	14,612,631	0.121327
2015	878,126	15,052,037	0.058339
2014	6,534,718	14,862,664	0.439673

Total of line 1, column (d) .....................

0.978391

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 ......

0.195678

Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......

10,892,688

Multiply line 4 by line 3......................

2,131,459

Enter 1% of net investment income (1% of Part I, line 27b)...........

13,454

Add lines 5 and 6........................

2,144,913

Enter qualifying distributions from Part XII, line 4,.............

740,801

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 (2019)

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: 2009-08-14(attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	26,909
	hereand 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	0
3	Add lines 1 and 2...........................	3	26,909
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	26,909
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	4,972
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	4,972
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	21,937
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2019)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Website address bullet

The books are in care of bullet

FIRST TENNESSEE BANK, TRUST TAX DEPT Telephone no. bullet

(901) 681-2346

Located at bullet

4385 POPLAR AVEMEMPHISTN ZIP+4 bullet

38117

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

16 At any time during calendar year 2019, 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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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 2019?.............

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)):

At the end of tax year 2019, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2019?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2019 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 2019.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2019?

Form 990-PF (2019)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
FIRST TENNESSEE BANK	TRUSTEE 3	75,603
4385 POPLAR AVE MEMPHIS,TN38117	TRUSTEE 3	75,603

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
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2019)

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
NONE

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 (2019)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

10,714,264

Average of monthly cash balances.......................

344,303

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

11,058,567

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

11,058,567

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

165,879

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

10,892,688

Minimum investment return. Enter 5% of line 5..................

544,634

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part X, line 6....................

544,634

Tax on investment income for 2019 from Part VI, line 5......

26,909

Income tax for 2019. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

26,909

Distributable amount before adjustments. Subtract line 2c from line 1............

517,725

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

517,725

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

517,725

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

740,801

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

740,801

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

740,801

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 (2019)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2018	(c) 2018	(d) 2019
1 Distributable amount for 2019 from Part XI, line 7					517,725
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......	5,822,355
b From 2015......	154,062
c From 2016......	1,062,123
d From 2017......	267,934
e From 2018......	2,803,480
fTotal of lines 3a through e........		10,109,954
4Qualifying distributions for 2019 from Part
XII, line 4: $ 740,801
a Applied to 2018, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2019 distributable amount.....					517,725
e Remaining amount distributed out of corpus		223,076
5 Excess distributions carryover applied to 2019.		0			0
(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		10,333,030
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
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......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2018. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2019. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2020 ..........					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) .......		0
8 Excess distributions carryover from 2014 not applied on line 5 or line 7 (see instructions) ...		5,822,355
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		4,510,675
10 Analysis of line 9:
a Excess from 2015....	0
b Excess from 2016....	0
c Excess from 2017....	0
d Excess from 2018....	0
e Excess from 2019....	4,510,675

Form 990-PF (2019)

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 2019, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2019	(b) 2018	(c) 2017	(d) 2016	(e) Total

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).)

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

MS LEIGH LAWLER
4385 POPLAR AVE
MEMPHIS,TN38117
(901) 681-2349

bThe form in which applications should be submitted and information and materials they should include:

BRIEF STATEMENT OF THE PURPOSE OF THE ORGAINZATION AND INTENDED USE OF FUNDS

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2019)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SIGHT SAVERS AMERICA 337 BUSINESS CIRCLE PELHAM,AL35124	NONE	501(C)(3)	CHARITABLE CONTRIBUTION	20,000
HOUSTON LEVEE COMMUNITY CENTER INC 1851 N HOUSTON LEVEE RD CORDOVA,TN38016	NONE	501 (C) (3)	CHARITABLE CONTRIBUTION	250,000
CHURCH HEAL CENTER ATTN DR G SCOTT MORRIS 1350 CONCOURSE AVE STE 142 MEMPHIS,TN38104	NONE	501(C)(3)	CHARITABLE CONTRIBUTION	23,000
RHODES COLLEGE 2000 NORTH PARKWAY MEMPHIS,TN38112	NONE	501(C)(3)	CHARITABLE CONTRIBUTION	20,000
ST JUDE CHILDRENS RESEARCH HOSPITAL 262 DANNY THOMAS PLACE MS 275 MEMPHIS,TN38105	NONE	NONE	CHARITABLE CONTRIBUTION	20,000
HARWOOD CENTER INC 711 JEFFERSON AVE MEMPHIS,TN38105	NONE	501(C)(C)	CHARITABLE CONTRIBUTION	20,000
UNIVERSITY OF MEMPHIS FDN ATTN SHERRY GARDNER 120 ALUMNI CENTER MEMPHIS,TN38152	NONE	501(C)(3)	CHARITABLE CONTRIBUTION	350,000
Total ................................. 3a				703,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2019)

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	(e) Related or exempt function income (See instructions.)
a
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	337,031
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	1,046,201
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL REFUND				13,069
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				1,396,301

13Total. Add line 12, columns (b), (d), and (e)..................

1,396,301

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2019)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.) Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2019)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2017 InvestmentsCorpBondsSchedule

Name:

HARDIN CHARITABLE TRUST 44-8802409

EIN:

26-6754597

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORPORATE & FOREIGN BONDS	285,930	272,456
MUNICIPAL OBLIGATIONS
INTL FIXED INCOME MUTUAL FUNDD	440,942	436,023
TAXABLE FIXED INCOME FUNDS	3,641,646	3,546,133

- TIN:

TY 2017 InvestmentsCorpStockSchedule

Name:

HARDIN CHARITABLE TRUST 44-8802409

EIN:

26-6754597

Name of Stock	End of Year Book Value	End of Year Fair Market Value
COMMON EQUITY	1,118,706	1,493,030
DOMESTIC EQUITY MUTUAL FUNDS	3,180,335	3,487,710
INTL EQUITY MUTUAL FUNDS	1,137,506	1,257,684
CLOSED END EQUITY MUTUAL FUNDS	45,187	43,195

- TIN:

TY 2017 OtherDecreasesSchedule

Name:

HARDIN CHARITABLE TRUST 44-8802409

EIN:

26-6754597

Description	Amount
TIMING IN POSTING TRANSACTIONS	6,049

- TIN:

TY 2017 OtherExpensesSchedule

Name:

HARDIN CHARITABLE TRUST 44-8802409

EIN:

26-6754597

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSE-PRINCI	6,090	0		0

- TIN:

TY 2017 OtherIncomeSchedule2

Name:

HARDIN CHARITABLE TRUST 44-8802409

EIN:

26-6754597

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER REVENUE	13,069	0

- TIN:

TY 2017 TaxesSchedule

Name:

HARDIN CHARITABLE TRUST 44-8802409

EIN:

26-6754597

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES ON QUALIFIED FOR	1,995	0		0
FOREIGN TAXES ON NONQUALIFIED	23	0		0