TY 2024 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.
right arrow

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

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
HAGAR RES CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1558 DEPT EA5W86
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
COLUMBUS, OH43216

A Employer identification number

31-6206958

B Telephone number (see instructions)

(740) 588-6470

C If exemption application is pending, check here right arrow

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............. right arrow

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

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

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 ....... right arrow

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

$3,715,361J 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...	92,891		92,683
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		136,223
b	Gross sales price for all assets on line 6a 1,014,514
7	Capital gain net income (from Part IV, line 2)...			136,223
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).......
12	Total. Add lines 1 through 11........	229,114		228,906
13	Compensation of officers, directors, trustees, etc.	28,211		14,106		14,106
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).......	List of Attached Documents: // Content	1,250	0	0	1,250
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	807	275		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).......	List of Attached Documents: // Content	212			212
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	30,480		14,381	0	15,568
25	Contributions, gifts, grants paid.......	154,720				154,720
26	Total expenses and disbursements. Add lines 24 and 25	185,200		14,381	0	170,288
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	43,914
b	Net investment income (if negative, enter -0-)			214,525
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

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.........	197,581	123,272	123,272
	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).......	2,380,655	List of Attached Documents: // Content 2,548,467	3,491,511
	c	Investments—corporate bonds (attach schedule).......	150,170	List of Attached Documents: // Content 100,106	100,578
	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)	2,728,406	2,771,845	3,715,361
	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........	2,728,406	2,771,845
	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).....	2,728,406	2,771,845
	30	Total liabilities and net assets/fund balances (see instructions).	2,728,406	2,771,845

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

2,728,406

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

43,914

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

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

2,772,402

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

557

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

2,771,845

Form 990-PF (2024)

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	25. ANTHEM INC		2022-10-11	2024-01-09
b	95. DANAHER CORP			2024-01-09
c	250. ISHARES S & P SMALLCAP 600			2024-01-09
d	200. JOHNSON & JOHNSON CO		2019-07-10	2024-01-09
e	30. NORTHROP GRUMMAN CORP W/1 RT/SH		2022-07-18	2024-01-09
	60. VERTEX PHARMACEUTICAL INC		2023-05-19	2024-01-09
	80. ISHARES S & P MIDCAP 400			2024-02-05
	872.22 MORGAN STANLEY INSTL FD INC			2024-02-05
	50. ADOBE SYS INC W/1 RT/SH		2023-02-16	2024-03-13
	10. BOOKING HLDGS INC		2021-11-15	2024-03-13
	731.98 METROPOLITAN WEST FDS		2023-05-19	2024-03-13
	4127.1 METROPOLITAN WEST FDS		2019-07-23	2024-03-13
	1503.7 MORGAN STANLEY INSTL FD INC		2020-08-14	2024-03-13
	235. NEXTERA ENERGY, INC		2008-10-10	2024-03-13
	100. PEPSICO INC		2020-05-11	2024-03-13
	75. UNITEDHEALTH GROUP INC		2012-02-24	2024-03-13
	.5 GE VERNOVA INC.		2023-05-19	2024-04-16
	37. GE VERNOVA INC.		2023-05-19	2024-05-15
	70. APPLE COMPUTER		2020-03-19	2024-05-31
	20. ELI LILLY & CO		2020-03-19	2024-05-31
	30. SYNOPSYS INC W/1 RT/SH		2023-11-03	2024-05-31
	800. BANK AMER CORP COM		2021-11-15	2024-07-08
	350. COMCAST CORP NEW		2023-05-19	2024-07-08
	85. LOWES COMPANIES INC		2024-03-13	2024-07-08
	125. MCDONALDS CORP		2022-01-26	2024-07-08
	40. PARKER HANNIFIN CORP		2023-02-16	2024-07-08
	80. SALESFORCE.COM INC		2023-02-16	2024-07-08
	50000. US TREASURY N/B 4.25% 09/30/2024		2022-10-11	2024-09-30
	750. CHIPOTLE MEXICAN GRILL INC CLASS A		2021-03-09	2024-10-04
	60. TESLA INC		2021-03-09	2024-10-04
	200. TEXAS INSTRUMENTS INC.		2012-05-24	2024-10-04
	6633.29 WESTERN ASSET FDS INC			2024-10-04
	7621.01 FEDERATED HERMES INSTL TR			2024-11-05
	1400. AES CORP		2024-07-08	2024-12-23
	200. APPLIED MATERIALS INC		2024-03-13	2024-12-23
	120. CONSTELLATION BRANDS INC CL A		2022-07-18	2024-12-23
	3653.1 MFS SER TR XIII			2024-12-23
	135. MICRON TECHNOLOGY INC		2024-07-08	2024-12-23
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	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	12,044	11,926	118
b	22,245	23,998	-1,753
c	26,247	23,920	2,327
d	32,242	28,370	3,872
e	14,155	13,673	482
	25,150	20,508	4,642
	21,662	10,762	10,900
	20,000	22,714	-2,714
	29,022	18,580	10,442
	35,088	24,144	10,944
	7,532	7,569	-37
	42,468	49,113	-6,645
	36,630	34,330	2,300
	13,948	2,221	11,727
	16,534	13,612	2,922
	36,689	4,153	32,536
	68	43	25
	6,349	3,201	3,148
	13,323	4,397	8,926
	16,241	2,775	13,466
	16,438	14,643	1,795
	32,376	37,888	-5,512
	13,055	14,424	-1,369
	18,387	21,088	-2,701
	31,027	31,668	-641
	20,315	14,356	5,959
	20,686	13,597	7,089
	50,000	49,963	37
	42,397	21,366	21,031
	15,034	13,430	1,604
	40,745	5,800	34,945
	62,685	80,000	-17,315
	67,979	70,000	-2,021
	18,097	25,126	-7,029
	33,403	40,316	-6,913
	27,011	29,541	-2,530
	58,632	57,276	1,356
	12,016	17,800	-5,784
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594
			6,594

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			118
b			-1,753
c			2,327
d			3,872
e			482
			4,642
			10,900
			-2,714
			10,442
			10,944
			-37
			-6,645
			2,300
			11,727
			2,922
			32,536
			25
			3,148
			8,926
			13,466
			1,795
			-5,512
			-1,369
			-2,701
			-641
			5,959
			7,089
			37
			21,031
			1,604
			34,945
			-17,315
			-2,021
			-7,029
			-6,913
			-2,530
			1,356
			-5,784

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	136,223
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

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: (attach copy of letter if necessary–see instructions)	1	2,982
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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	2,982
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	2,982
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	1,222
b	Exempt foreign organizations—tax withheld at source......	6b	0
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	1,222
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	1,760
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 2025 estimated tax0	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-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 the instructions

for the 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. right arrow

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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

Yes

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 XIV..................................

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 . Click to see attachment

List of Attached Documents:

// Content

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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

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?

Yes

Website address right arrow

The books are in care of right arrow

HUNTINGTON NATIONAL BANK Telephone no. right arrow

(740) 588-6470

Located at right arrow

422 MAIN STREETZANESVILLEOH ZIP+4 right arrow

43702

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, 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 right arrow

Form 990-PF (2024)

Page 5

Part VI-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? ...........

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

Yes

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

1a(5)

(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.) ...............

1a(6)

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 ........ right arrow

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 2024? .............

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 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

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

If "Yes," did it have excess business holdings in 2024 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 2024.) .....................

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 2024? ..

Form 990-PF (2024)

Page 6

Part VI-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))? ..........

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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 ......... right arrow

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).

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

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

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?

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

Part VII

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
HUNTINGTON NATIONAL BANK	TRUSTEE 1	28,211
PO BOX 1558 DEPT EA5W86 COLUMBUS,OH43216	TRUSTEE 1	28,211

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 (2024)

Page 7

Part VII

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............. right arrow

Part VIII-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 VIII-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......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

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

3,456,496

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

99,228

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

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

3,555,724

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

3,555,724

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

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

53,336

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

3,502,388

Minimum investment return. Enter 5% (0.05) of line 5................

175,119

Part X

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 IX, line 6..................

175,119

Tax on investment income for 2024 from Part V, line 5 .......

2,982

Income tax for 2024. (This does not include the tax from Part V.) ...

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

2,982

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

172,137

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

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

172,137

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

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

172,137

Part XI

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 ..........

170,288

Program-related investments—total from Part VIII-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 XII, line 4. .......

170,288

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7					172,137
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......	26,756
b From 2020......	27,346
c From 2021......	18,304
d From 2022......	55,208
e From 2023......	15,554
f Total of lines 3a through e ........		143,168
4Qualifying distributions for 2024 from Part
XI, line 4: $ 170,288
a Applied to 2023, 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 2024 distributable amount.....					170,288
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.		1,849			1,849
(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		141,319
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 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........					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 2019 not applied on line 5 or line 7 (see instructions) ...		24,907
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		116,412
10 Analysis of line 9:
a Excess from 2020....	27,346
b Excess from 2021....	18,304
c Excess from 2022....	55,208
d Excess from 2023....	15,554
e Excess from 2024....

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-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 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, 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 IX, 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 XIV

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).)

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.

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

Check here right arrow

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2024)

Page 11

Part XIV

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
ALLWELL BEHAVORIAL HEALTH SERVICES 2845 BELL STREET ZANESVILLE,OH43701	NONE	PC	GENERAL SUPPORT	15,472
ZANESVILLE MUSEUM OF ART ATTN LAINE SNYDER ZANESVILLE,OH43701	NONE	PC	GENERAL SUPPORT	15,472
UNITED WAY OF MUSKINGUM PERRY & MORGAN COUNTIES INC PO BOX 697 ZANESVILLE,OH43702	NONE	PC	GENERAL SUPPORT	30,944
GENESIS HEALTHCARE SYSTEM 1135 MAPLE AVENUE ZANESVILLE,OH437012882	NONE	PC	GENERAL SUPPORT	30,944
GENESIS HEALTHCARE FOUNDATION ATTN LISA KING ZANESVILLE,OH437011407	NONE	PC	GENERAL SUPPORT	30,944
SALVATION ARMY ATTN MRRICHARD D ALLEN WEST NYACK,NY10994	NONE	PC	GENERAL SUPPORT	15,472
AMERICAN CANCER SOCIETY ATTN BILL M ROBERTS OKLAHOMA CITY,OK73162	NONE	PC	GENERAL SUPPORT	15,472
Total ................................. 3a				154,720

bApproved for future payment

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

Form 990-PF (2024)

Page 12

Part XV-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	92,891
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	136,223
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) ..				229,114

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

229,114

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

Part XV-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 XV-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 (2024)

Page 13

Part XVI

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 instructions. 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 (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

HAGAR RES CHARITABLE TRUST

EIN:

31-6206958

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,250			1,250

- TIN:

TY 2024 ExplnOfNonFilingWithAGStmt

Name:

HAGAR RES CHARITABLE TRUST

EIN:

31-6206958

Statement:

The Ohio Attorney General requires that charitable organizations operating or organized within the State submit an annual registration through an online portal that highlights key information from the Form 990-PF for public disclosure purposes. The Trust completes this registration as required in lieu of furnishing a copy of its Form 990-PF to comply with the specific reporting instructions of the State of Ohio.

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

HAGAR RES CHARITABLE TRUST

EIN:

31-6206958

Name of Bond	End of Year Book Value	End of Year Fair Market Value
91282CFN6 US TREASURY N/B 4.25
91282CJE2 US TREASURY N/B 5% 1	100,106	100,578

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

HAGAR RES CHARITABLE TRUST

EIN:

31-6206958

Name of Stock	End of Year Book Value	End of Year Fair Market Value
037833100 APPLE INC	7,540	90,151
532457108 LILLY ELI & CO	9,019	50,180
337738108 FISERV INC	10,363	41,084
55261F104 M & T BK CORP	28,922	35,722
742718109 PROCTER & GAMBLE CO	27,169	37,721
773903109 ROCKWELL AUTOMATION	17,792	17,147
713448108 PEPSICO INC
04314H667 ARTISAN PARTNERS FDS	129,375	172,402
22160K105 COSTCO WHOLESALE COR	10,454	41,232
31420B847 FEDERATED HERMES INS
592905749 METROPOLITAN WEST FD	67,431	67,599
649280815 NEW WORLD FD INC NEW	39,177	46,499
72201F490 PIMCO FDS	173,092	152,799
02079K305 ALPHABET INC	13,857	66,255
46625H100 JPMORGAN CHASE & CO	23,875	59,928
72201F623 PIMCO FDS	115,000	81,325
032654105 ANALOG DEVICES INC	16,008	32,931
478160104 JOHNSON & JOHNSON
91324P102 UNITEDHEALTH GROUP I
594918104 MICROSOFT CORP	25,038	115,913
61756E461 MORGAN STANLEY INSTL
023135106 AMAZON COM INC	27,465	87,756
92826C839 VISA INC	13,906	63,208
543916688 LORD ABBETT INVT TR	189,482	172,585
67066G104 NVIDIA CORP	7,627	194,721
65339F101 NEXTERA ENERGY INC
H1467J104 CHUBB LTD	17,364	35,919
552982720 MFS SER TR XIII
464287804 ISHARES TR	38,954	72,704
G1151C101 ACCENTURE PLC-CL A	5,807	49,251
40168W483 GUGGENHEIM FDS TR	110,000	105,852
882508104 TEXAS INSTRS INC
464287507 ISHARES TR	48,142	111,846
31428Q739 FEDERATED TOTAL RETU	173,106	149,650
169656105 CHIPOTLE MEXICAN GRI
88160R101 TESLA INC
957663503 WESTERN ASSET FDS IN
060505104 BANK AMER CORP
09857L108 BOOKING HLDGS INC
922031737 VANGUARD FIXED INCOM	77,500	61,247
235851102 DANAHER CORP
539830109 LOCKHEED MARTIN CORP	15,793	19,438
30231G102 EXXON MOBIL CORP	16,674	16,136
666807102 NORTHROP GRUMMAN COR
580135101 MCDONALDS CORP
256677105 DOLLAR GEN CORP NEW	29,471	9,098
291011104 EMERSON ELEC CO	14,163	18,590
21036P108 CONSTELLATION BRANDS
81762P102 SERVICENOW INC	21,758	53,006
025537101 AMERICAN ELEC PWR CO	28,317	27,669
931142103 WAL MART STORES INC	18,992	33,881
036752103 ANTHEM INC
00724F101 ADOBE SYS INC
049560105 ATMOS ENERGY CORP	15,284	18,801
084670702 BERKSHIRE HATHAWAY C	19,328	24,930
101137107 BOSTON SCIENTIFIC CO	14,685	24,563
20030N101 COMCAST CORP NEW
30303M102 FACEBOOK INC CL-A	36,393	61,479
369604301 GENERAL ELEC CO	12,413	25,019
64110L106 NETFLIX INC	17,927	44,566
701094104 PARKER-HANNIFIN CORP
79466L302 SALESFORCE.COM INC
871607107 SYNOPSYS INC
872540109 TJX COS INC NEW	13,632	18,122
872590104 T-MOBILE US INC	18,475	27,591
91913Y100 VALERO ENERGY CORP N	13,431	12,259
92532F100 VERTEX PHARMACEUTICA
007903107 ADVANCED MICRO DEVIC	26,855	21,742
03027X100 AMERICAN TOWER CORP	17,674	16,507
04314H568 ARTISAN PARTNERS FDS	65,000	64,857
11135F101 BROADCOM INC	21,696	46,368
191912401 COHEN & STEERS REAL	65,000	65,189
22788C105 CROWDSTRIKE HOLDINGS	13,561	11,976
230001752 CULLEN EMERGING MARK	35,000	33,257
253868103 DIGITAL RLTY TR INC	17,826	17,733
26875P101 EOG RES INC	17,940	18,387
285512109 ELECTRONIC ARTS INC	35,438	36,575
32008F200 FIRST EAGLE FDS	35,000	33,260
46120E602 INTUITIVE SURGICAL I	23,286	36,537
543487136 LOOMIS SAYLES FDS II	220,000	215,977
68389X105 ORACLE CORP	24,543	28,329
697435105 PALO ALTO NETWORKS I	19,570	23,655
747525103 QUALCOMM INC	16,884	15,362
75513E101 RTX CORP	29,407	31,823
824348106 SHERWIN WILLIAMS CO	17,171	16,997
863667101 STRYKER CORP	34,045	34,205
883556102 THERMO FISHER SCIENT	14,819	13,006
902973304 US BANCORP DEL	11,150	11,958
92343V104 VERIZON COMMUNICATIO	17,616	15,996
98978V103 ZOETIS INC	19,741	16,293
G54950103 LINDE PLC	19,044	16,747

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

HAGAR RES CHARITABLE TRUST

EIN:

31-6206958

Description	Amount
MUTUAL FUND TIMING ADJ	554
ROUNDING	3

- TIN:

TY 2024 OtherExpensesSchedule

Name:

HAGAR RES CHARITABLE TRUST

EIN:

31-6206958

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER CHARITABLE EXPENSES	12	0		12
STATE FILING/TAX PAYMENT	200	0		200

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

HAGAR RES CHARITABLE TRUST

EIN:

31-6206958

Description	Amount
PY PURCHASE OF ACCRUED INTEREST	82

- TIN:

TY 2024 TaxesSchedule

Name:

HAGAR RES CHARITABLE TRUST

EIN:

31-6206958

Category	Amount	Net Investment Income
FOREIGN TAXES	208	208
FEDERAL ESTIMATES - PRINCIPAL	532	0
FOREIGN TAXES ON NONQUALIFIED	67	67