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
The Lightner Sams Foundation Inc

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

75-2555622

B Telephone number (see instructions)

(800) 839-1754

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

$12,193,534J 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)	0
2	Check .............
3	Interest on savings and temporary cash investments	1,825		1,825
4	Dividends and interest from securities...	327,917		327,917
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,132,131
b	Gross sales price for all assets on line 6a 13,750,550
7	Capital gain net income (from Part IV, line 2)...			1,132,131
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	80	80
12	Total. Add lines 1 through 11........	1,461,953		1,461,953
13	Compensation of officers, directors, trustees, etc.	46,200				46,200
14	Other employee salaries and wages......	9,600				9,600
15	Pension plans, employee benefits.......	4,106				4,106
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	102,721	102,721
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	23,098	6,898
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	317				317
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	73,392	1,283		44,947
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	259,434		110,902		105,170
25	Contributions, gifts, grants paid.......	426,400				426,400
26	Total expenses and disbursements. Add lines 24 and 25	685,834		110,902		531,570
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	776,119
b	Net investment income (if negative, enter -0-)			1,351,051
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.........	250,310	263,833	263,833
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	55,605	List of Attached Documents: // Content 52,546	54,310
	b	Investments—corporate stock (attach schedule).......	6,301,365	List of Attached Documents: // Content 7,898,395	8,865,282
	c	Investments—corporate bonds (attach schedule).......	3,656,081	List of Attached Documents: // Content 2,836,342	2,801,383
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 221,577	List of Attached Documents: // Content 209,941	List of Attached Documents: // Content 208,726
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	10,484,938	11,261,057	12,193,534
	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	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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	10,484,938	11,261,057
	29	Total net assets or fund balances (see instructions).....	10,484,938	11,261,057
	30	Total liabilities and net assets/fund balances (see instructions).	10,484,938	11,261,057

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

10,484,938

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

776,119

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

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

11,261,057

Decreases not included in line 2 (itemize) right arrow

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

11,261,057

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	Publicly-traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	13,750,550	12,618,419	1,132,131
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			1,132,131
b
c
d
e

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	1,132,131
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	18,780
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
3	Add lines 1 and 2...........................	3	18,780
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	18,780
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	16,341
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	2,439
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	18,780
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
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 tax	Refunded	11

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 .

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 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

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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
Charles Derek Adleta	Dir, Trustee, Sec, Treas, Pres 6.0	19,200	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Trustee, Sec, Treas, Pres 6.0	19,200	0
Kristin Lightner	Dir, Trustee, Treas 4.0	3,000	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Trustee, Treas 4.0	3,000	0
Larry F Lightner	Trustee, Pres, VP 6.0	24,000	8,811
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Trustee, Pres, VP 6.0	24,000	8,811
Robin H Lightner	Trustee 1.0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Trustee 1.0	0	0
Sue B Lightner	Dir, Trustee, VP 6.0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Trustee, VP 6.0	0	0
Kamala A Lightner-Scammahorn	Dir, Trustee, Sec 4.0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Trustee, Sec 4.0	0	0

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










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

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
Kestra Advisory Services LLC	Investment MGMT	102,721
14135 Midway Rd Ste G110 ADDISON,TX75001	Investment MGMT	102,721

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

11,469,973

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

350,546

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

208,726

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

12,029,245

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

12,029,245

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

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

180,439

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

11,848,806

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

592,440

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

592,440

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

18,780

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

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

18,780

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

573,660

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

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

573,660

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

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

573,660

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 ..........

531,570

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. .......

531,570

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7				573,660
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			524,687
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $ 531,570
a Applied to 2023, but not more than line 2a			524,687
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2024 distributable amount.....				6,883
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.
(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		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				566,777
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....	0

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).)

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.

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
AMYS FRIENDS 1215 SKILES ST DALLAS,TX75204	N/A	PC	General & Unrestricted	15,000
ASCEND DALLAS 4201 SPRING VALLEY RD STE 1400 DALLAS,TX75244	N/A	PC	Nurse-Family Partnership Program	10,000
ASSOCIATION OF SMALL FOUNDATIONS PO BOX 65607 WASHINGTON,DC20035	N/A	PC	General & Unrestricted	900
BRAIN INJURY NETWORK OF DALLAS 1416 GABLES CT PLANO,TX75075	N/A	PC	General & Unrestricted	10,000
CAMILLE PLAYERS INC 1 DEAN PORTER PARK BROWNSVILLE,TX78520	N/A	PC	General & Unrestricted	10,000
CHILDRENS MEDICAL CENTER FOUNDATION 2777 N STEMMONS FWY STE 1700 DALLAS,TX75207	N/A	PC	The Behavioral Health Integration and Guidance Initiative	10,000
CHILDRENS MEDICAL CENTER FOUNDATION 2777 N STEMMONS FWY STE 1700 DALLAS,TX75207	N/A	PC	Mental Health Services at the Rees-Jones Center for Foster Care excellence	10,000
DALLAS CASA 2757 SWISS AVE DALLAS,TX75204	N/A	PC	Court-appointed volunteers program	25,000
GENESIS WOMENS SHELTER & SUPPORT 2023 LUCAS DR DALLAS,TX75219	N/A	PC	General & Unrestricted	15,000
HEALING HANDS MINISTRIES INC 5750 PINELAND DR DALLAS,TX75231	N/A	PC	Pediatric Mobile Clinic	15,000
HEALTH SERVICES OF NORTH TEXAS INC 4401 N INTERSTATE 35 UNIT 312 DENTON,TX76207	N/A	PC	General & Unrestricted	10,000
JUDIS HOUSE 10125 E 25TH AVE AURORA,CO80010	N/A	PC	General & Unrestricted	20,000
LEGACY COUNSELING CENTER INC 4054 MCKINNEY AVE STE 200 DALLAS,TX75204	N/A	PC	Technology Initiative	30,000
LEGACY COUNSELING CENTER INC 4054 MCKINNEY AVE STE 200 DALLAS,TX75204	N/A	PC	Technology and Infrastructure fund	10,000
MENTAL HEALTH AMERICA OF GREATER DALLAS 624 N GOOD LATIMER EXPY DALLAS,TX75204	N/A	PC	General & Unrestricted	20,000
MORGAN ADAMS FOUNDATION 5303 E EVANS AVE STE 200 DENVER,CO80222	N/A	PC	Pediatric Cancer Research Projects	25,000
MOSAIC FAMILY SERVICES INC 12225 GREENVILLE AVE STE 800 DALLAS,TX75243	N/A	PC	General & Unrestricted	10,000
NEW HOPE EQUINE ASSISTED THERAPY 6151 FM 1830 ARGYLE,TX76226	N/A	PC	General & Unrestricted	25,000
NORTH TEXAS FOOD BANK 3677 MAPLESHADE LN PLANO,TX75075	N/A	PC	General & Unrestricted	1,000
PATRIOT PAWS SERVICE DOGS 254 RANCH TRL ROCKWALL,TX75032	N/A	PC	Enhanced Training and Education: The Thinking Outside the box workshop	15,000
PATRIOT PAWS SERVICE DOGS 254 RANCH TRL ROCKWALL,TX75032	N/A	PC	Improved Service Dog Preparedness via Enrichment/Sensory yard equipment	5,000
RESOURCE CENTER OF DALLAS INC PO BOX 190869 DALLAS,TX75219	N/A	PC	HIV Dental Health Program	20,000
RISE ADVENTURES INC PO BOX 141122 IRVING,TX75014	N/A	PC	General & Unrestricted	10,000
SECOND WIND FUND INC 303 E 17TH AVE STE 208 DENVER,CO80203	N/A	PC	General & Unrestricted	15,000
SKY RANCHES INC 24657 COUNTY RD 448 VAN,TX75790	N/A	PC	Scholarship Fund	10,000
SMITH COUNTY CHAMPIONS FOR CHILDREN INC 4883 HIGHTECH DR TYLER,TX75703	N/A	PC	General & Unrestricted	5,000
SOLAR CAR CHALLENGE FOUNDATION 3505 CASSIDY DR PLANO,TX75023	N/A	PC	Summer Intern Program	25,000
SPCA OF TEXAS 2400 LONE STAR DR DALLAS,TX75212	N/A	PC	General & Unrestricted	1,000
SUICIDE AND CRISIS CENTER OF NORTH TEXAS 2808 SWISS AVE DALLAS,TX75204	N/A	PC	Teens Can Survive Program	10,000
THE CENTER FOR INTEGRATIVE COUNSELING AND PSYCHOLO 4305 MACARTHUR AVE DALLAS,TX75209	N/A	PC	General & Unrestricted	15,000
THE MENTORING ALLIANCE 1909 S BROADWAY AVE TYLER,TX75701	N/A	PC	After School and Summer Camps scholarship fund	8,000
THE MENTORING ALLIANCE 1909 S BROADWAY AVE TYLER,TX75701	N/A	PC	After-School and/or Summer Camps Scholarship fund	8,000
WELL COMMUNITY 125 SUNSET AVE DALLAS,TX75208	N/A	PC	General & Unrestricted	7,500
Total ................................. 3a				426,400

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 ...........			14	1,825
4 Dividends and interest from securities ....			14	327,917
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	1,132,131
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aCLASS ACTION LAWSUIT PROCEEDS			01	80
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				1,461,953

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

1,461,953

(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:

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

TY 2024 DepreciationSchedule

Name:

The Lightner Sams Foundation Inc

EIN:

75-2555622

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

The Lightner Sams Foundation Inc

EIN:

75-2555622

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC - 3.200% - 11/21/20	50,480	51,036
AIR PRODUCTS - 4.850% - 02/08/	50,966	49,828
ALLSTATE CORP SR NOTE CPN - 5.	51,086	49,238
AMERICAN TOWER CORP SR - 3.650	53,047	51,664
ASTRAZENECA FINANCE LLC UNSECD	50,619	49,385
AUTONATION INC NOTE - 4.500% -	51,217	50,802
BANK AMER CORP - 1.319% - 06/1	50,571	52,134
BANK OF AMERICA CORP MED TERM	50,143	50,994
BANK OF AMERICA CORP SER NOTES	49,679	52,470
BARCLAYS PLC - 7.325% - 11/02/	51,854	49,887
BERRY GLOBAL INC - 1.570% - 01	49,144	52,112
BP CAP MKTS AMER INC NOTE - 4.	50,640	49,216
BROADCOM INC - 4.750% - 04/15/	63,380	62,591
CAMPBELL SOUP CO - 5.400% - 03	59,305	54,763
CARRIER GLOBAL CORPORATION SER	50,380	50,337
CELANESE US HLDGS LLC NOTE - 6	51,187	50,035
CENTENE CORP - 3.375% - 02/15/	47,713	49,840
CITIGROUP INC - 3.785% - 03/17	51,399	50,289
COCA COLA CO NOTE CALL MAKE WH	50,980	51,264
CONAGRA BRANDS - 1.375% - 11/0	48,639	51,722
CVS CAREMARK CORP SR NT - 6.25	50,265	46,127
ENBRIDGE INC MTN CDS- NOTE - 5	48,626	46,500
FEDL HOME LOAN MTG CORP POOL #	46,772	47,895
FLORIDA PWR & LIGHT CO 1ST MTG	49,088	47,540
FORD HOLDINGS INC - 9.300% - 0	61,320	48,832
GENERAL MOTORS - 3.100% - 03/1	49,227	51,396
GENUINE PARTS CO NT - 1.750% -	49,422	51,860
GOLDMAN SACHS GROUP - 4.223% -	49,879	49,619
HCA INC - 5.500% - 06/01/2033	62,504	59,064
HOWMET AEROSPACE INC NOTE - 3.	54,313	54,756
JP MORGAN CHASE - 2.580% - 04/	46,640	50,621
JPMORGAN CHASE & CO NOTE - 2.9	64,243	61,374
JPMORGAN CHASE & CO NOTE - 5.0	53,053	51,953
KRAFT HEINZ FOODS COSER B NOTE	49,609	47,255
L3HARRIS TECHNOLOGIES INC - 3.	51,575	51,178
LOWES - 3.650% - 04/05/2029	50,831	50,478
MOLSON COORS BEVERAGE CO NOTE	50,080	51,624
MORGAN STANLEY - 5.420% - 07/2	51,998	50,657
NISOURCE IN UNSECD NOTE - 5.25	42,303	41,377
NRG ENERGY INC SER B - 5.750%	46,596	44,841
OREILLY AUTOMOTIVE INC NOTE -	50,029	50,462
PACIFIC GAS & ELEC COSER 29 -	56,066	51,294
PFIZER INVT - 4.450% - 05/19/2	49,822	50,547
PIONEER NATURAL RESOURCES CO -	57,405	56,227
PUBLIC SVC ENTERP - 5.850% - 1	57,474	55,512
REALTY INCOME CORP SR NOTE - 4	49,613	49,660
ROYAL BK - 6.000% - 11/01/2027	50,748	50,608
S&P GLOBAL INC - 4.250% - 05/0	51,371	50,857
SANTANDER HLDGS USA INC SR NOT	51,022	51,683
SUNOCO LOGISTICS PARTNERS NOTE	57,627	59,591
TEVA PHARM NETHERLANDS - 4.750	42,120	41,981
TORONTO DOMINION BANK - 5.156%	51,000	51,238
UBER TECHNOLOGIES INC - 4.800%	53,961	51,682
WELLS FARGO - 3.584% - 05/22/2	46,365	45,549
WELLS FARGO BANK - 6.491% - 10	50,946	49,938

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

The Lightner Sams Foundation Inc

EIN:

75-2555622

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACUITY BRANDS INC	32,941	42,359
ADOBE SYSTEMS, INC	7,080	5,781
ADVANCED MICRO DEVICES INC	13,767	11,837
ADYEN N.V.	8,848	10,995
AERCAP HOLDING N.V	28,204	29,571
AFLAC INC	19,411	30,825
ALIBABA GROUP HOLDING LTD	29,773	30,694
ALLISON TRANMISSION HOLDINGS	18,089	22,152
ALPHABET INC CL A	119,859	151,819
AMAZON COM	98,684	123,517
AMERICAN EXPRESS CO	49,440	78,649
AMPHASTAR PHARMACEUTICALS INC	11,354	9,988
AON PLC CL A	40,947	41,303
APOLLO GLOBAL MANAGEMENT, INC	7,925	11,066
APPLE INC	124,445	197,080
APPLIED MATERIALS INC	21,492	21,305
ARCH CAPITAL GROUP LTD	30,811	33,892
ARISTA NETWORKS	15,569	32,717
ASSURANT INC	49,719	58,636
AT&T, INC	13,343	19,013
AUTOMATIC DATA PROCESSING INC	13,229	16,393
AVANTOR HOLDINGS INC	9,476	8,091
BAE SYSTEMS PLC	40,501	52,587
BANCFIRST CORPORATION	11,658	12,655
BANCO BILBAO ARG SA	44,756	39,978
BANK OF AMERICA CORP	27,439	33,358
BELDEN INC	9,186	8,896
BLACK HILLS CORP	6,348	6,379
BLACKROCK INC	47,775	63,557
BOSTON PPTYS INC	20,464	18,664
BRADY CP CL A	13,742	13,736
BRISTOL-MYERS SQUIBB CO	18,398	20,079
BRIXMOR PPTY GROUP INC COM	23,086	23,246
BROADCOM INC	47,004	108,733
BYD CO LTD UNSP/ADR	29,336	35,344
CABOT CP	5,950	5,570
CALIFORNIA RESOURCES	10,069	9,600
CARGURUS INC	8,548	10,268
CATALYST PHARMACEUTICALS INC	10,408	9,851
CBOE HOLDINGS INC	17,313	23,643
CELESTICA INC. SV	23,400	41,535
CENCORA INC	25,564	31,006
CHECK POINT SOFTWARE TECHNOLOG	24,396	31,366
CHEVRON CORP	21,270	19,409
CHUBB LIMITED	68,966	84,548
CINTAS CRP	10,864	14,616
CISCO SYSTEMS INC	43,086	45,643
COCA COLA EUROPEAN PARTNERS PL	26,444	31,185
COLGATE-PALMOLIVE COMPANY	7,294	6,455
COMCAST CORP	14,645	12,760
CONOCOPHILLIPS	16,545	14,776
CONSTELLATION BRANDS INC	16,297	15,028
COTERRA ENERGY INC	25,718	24,646
CRANE CO	9,652	9,257
CRH PLC - AMERICAN DEPOSITARY	42,791	73,646
CSX CORP	22,097	21,298
CURTISS WRIGHT CP	22,297	38,681
DANAHER CORP	19,590	20,200
DECKERS OUTDOOR CORPORATION	23,605	28,433
DEUTSCHE TELE AG ADS	17,616	20,567
DICK'S SPORTING GDS	35,189	36,843
DOCUSIGN INC	23,224	33,817
DORMAN PRODUCTS INC	9,463	9,328
DT MIDSTREAM INC	5,702	7,656
DUKE ENERGY CO	18,522	17,669
EAGLE MATERIALS INC	19,318	19,247
EAST WEST BANCORP, INC	21,501	24,132
ELEMENT SOLUTIONS INC	30,300	31,940
ELEVANCE HEALTH INC	16,088	11,436
ELI LILLY & CO	60,694	58,672
EMCOR GROUP INC	31,709	60,823
ENBRIDGE INC	16,965	20,366
ERSTE BK DER OEST SP	26,203	41,547
ESSENTIAL PROPERTIES REALTY TR	7,815	8,070
EVERTEC INC	12,352	12,293
EXXON MOBIL CORP	37,174	39,371
FABRINET INC	38,679	38,479
FEDERAL REALTY INVESTMENT TRUS	25,132	26,644
FIFTH THIRD BANCORP	29,520	33,232
FISERV, INC	23,405	39,235
FORTIVE CORPORATION	36,655	37,875
FOX CORP CL A	11,726	18,023
GALLAGHER ARTHUR J & CO	13,892	16,179
GE VERNOVA	11,268	18,420
GEN DYNAMICS CP	16,574	16,600
GENERAL ELECTRIC CO	20,092	23,184
GENERAL MOTORS	12,929	16,514
GOLDMAN SACHS GROUP	25,393	36,648
GSK PLC	19,161	17,654
GULFPORT ENERGY CORP	6,259	6,263
H&R BLOCK INC	19,405	21,612
HALOZYME THERAPEUTICS, INC	17,697	15,204
HENDERSON GROUP PLC	37,487	44,784
HURON CONSULTING GROUP INC	13,957	15,657
IBERDROLA ADR	51,027	61,316
ICON PLC - AMERICAN DEPOSITARY	19,117	16,148
IDACORP INC HLDG CO	15,086	16,064
INTERCONTINENTAL EXCHANGE, INC	7,426	7,301
INTERCONTINENTAL HOTELS GROUP	29,098	35,477
INTERFACE INC CL A	12,455	15,657
INTUIT	10,901	10,685
INVESCO EX TRADED FD TR S&P MD	162,418	146,754
INVESCO S&P 500 MOMENTUM ETF	130,180	131,874
ISHARE SP SMALL CAP 600 INDEX	155,090	156,814
ISHARES CORE MSCI TOTAL INTERN	161,486	156,421
ISHARES IBOXX $ HIGH YIELD COR	255,167	268,431
ISHARES RUSSELL TOP 200 GROW	224,689	217,153
JAPAN TOB INC	30,149	28,173
JD.COM, INC	33,397	38,657
JOHNSON & JOHNSON	24,660	22,705
JP MORGAN CHASE	41,698	64,482
KOMATSU LTD	30,396	28,905
KON KPN NV SPON ADR REP 1 ORD	28,396	26,989
LANTHEUS HOLDINGS INC	9,173	7,336
LIGAND PHARMACEUTICALS INC	9,028	9,108
LINDE PLC COM	40,221	46,891
LOGITECH INTERNATIONAL	28,062	26,517
LULULEMON ATHLETICA INC	39,408	43,595
MARKS & SPENCER GRP ADR	19,681	19,605
MCDONALD'S CORP	14,111	17,683
MCKESSON CORP	25,329	31,345
MEDTRONIC PLC	30,449	27,239
MERCK & CO INC	17,241	14,027
META PLATFORMS INC	70,719	94,853
MICRON TECHNOLOGY	9,366	7,911
MICROSOFT CORP	151,694	177,452
MITSUI & COMPANY, LTD. - ADR	14,661	17,491
MOLSON COOR BREW CO CL B	18,387	16,107
MORGAN STANLEY	43,500	54,940
MR COOPER GROUP INC	16,288	16,610
NATIONAL GRID TRANSCO PLC	36,947	33,156
NAVIGATOR TACTICAL FIXED INCOM	466,854	427,702
NETAPP, INC	49,857	46,548
NETFLIX INC	8,275	11,587
NEWMARK GROUP INC	7,958	8,134
NEXTERA ENERGY, INC	53,475	51,545
NICE SYSTEMS LTD	58,120	50,103
NMI HOLDINGS, INC	11,443	11,065
NOVARTIS AG ADR	44,959	42,330
NOVO NORDISK A S	15,588	19,871
NVENT ELECTRIC PLC	44,000	46,008
NVIDIA CORP	132,502	190,422
OIL CO LUKOIL PJSC SPON ADR RE	24,913	1,963
OMNICOM GROUP	46,325	43,020
OSI SYSTEMS, INC	40,751	47,550
OWENS CORNING	40,251	40,025
PARKER HANNIFIN CP	40,405	59,151
PAYPAL HOLDINGS, INC	22,548	26,800
PENTAIR INC. COM	59,068	83,934
PERDOCEO EDUCATION	15,957	17,100
PERELLA WEINBERG PARTNERS	9,587	9,369
PETROLEO BRASILEIRO	21,436	19,483
PHILIP MORRIS INTL	20,762	28,042
PREMIER INC	9,373	9,158
PROCTER GAMBLE CO	26,309	27,662
PROGRESSIVE CORP OHIO	3,444	3,834
PROLOGIS	38,779	33,296
PUBLICIS GROUPE S.A	30,124	44,809
PULTE GROUP INC	24,672	31,145
QUALYS INC COM	10,092	9,675
RALPH LAUREN CORP	22,057	30,027
REYNOLDS CONSUMER PRODUCTS INC	9,424	8,907
RINGCENTRAL INC	10,095	9,138
ROCHE HOLDING LTD ADR	50,090	43,565
ROYAL BANK OF CANADA	47,474	51,096
S&P GLOBAL INC COM	15,748	21,913
SALESFORCE.COM	13,127	16,717
SEKISUI HOUSE LTD	46,515	51,837
SHELL ADR EACH REPRESENTING 2	30,512	27,879
SKECHERS U S A INC CL A	11,451	11,834
SM ENERGY COMPANY	21,555	18,411
SMNEY	7,855	8,473
SNAP ON INC	19,756	24,782
SOUTHERN CO	28,894	31,364
SPDR BARCLAYS SHORT TERM HIGH	24,666	25,376
SPDR BLOOMBERG BARCLAYS HYB ET	115,066	120,006
SPDR PORTFOLIO LARGE CAP ETF	317,266	380,134
SPDR S&P 500 GROWTH	352,382	354,851
SPROUTS FARMERS MARKET INC	15,453	22,237
STERLING CONSTRUCTION COMPANY	16,037	23,583
STOCK YARDS BANCORP INC	10,183	9,524
STRYKER CORPORATION	17,283	26,284
SUMITOMO MITSUI FINCL GRP	55,330	69,364
SUNCOR ENERGY INC	20,099	18,340
TAIWAN SEMICONDUCTOR MFG CO LT	43,893	83,736
TAYLOR MORRISON HOME CORP	36,857	35,747
TENCENT HOLDINGS LIMITED	56,774	65,411
TESCO PLC S ADR	35,839	40,672
TESLA MOTORS INC	26,183	37,557
TEXAS INSTRUMENTS INC	13,567	14,438
THE COCA-COLA CO	20,060	19,799
THE ENSIGN GROUP, INC	42,063	45,571
TOYOTA MTR CORP	20,303	21,212
TRUSTMARK CORPORATION	11,739	11,920
UBER	23,532	19,544
UNITED THERAPEUTICS CORP	37,828	47,986
UNITEDHEALTH GROUP INC	55,475	54,127
UNIVERSAL HLTH SVC B	20,867	19,198
VANGUARD FTSE ALL-WLD EX-US SM	73,732	70,520
VERINT SYSTEMS INC	11,850	9,196
VERIZON COMMUNICATIONS	12,240	14,036
VERTIV CL A	10,281	14,769
VICTORY CAPITAL HOLDINGS, INC.	16,748	19,180
VINCI SA ADR	39,364	35,036
VISA INC	53,711	69,213
VITAL SIGNS INC.	12,695	15,227
WAL-MART STORES INC	17,014	28,641
WALT DISNEY HOLDINGS CO	16,559	17,816
WASTE MANAGEMENT INC	17,458	18,565
WELLS FARGO & CO	23,057	35,050
WILLIAMS COS	19,303	23,434
WILLIS TOWERS WATSON	47,460	53,564
WINTRUST FINANCIAL CORPORATION	12,117	13,968
YELP INC	6,606	7,005

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

The Lightner Sams Foundation Inc

EIN:

75-2555622

US Government Securities - End of Year Book Value:

52,546

US Government Securities - End of Year Fair Market Value:

54,310

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2024 OtherAssetsSchedule

Name:

The Lightner Sams Foundation Inc

EIN:

75-2555622

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
INTEREST IN LIFE INS POLICY	221,577	209,941	208,726

- TIN:

TY 2024 OtherExpensesSchedule

Name:

The Lightner Sams Foundation Inc

EIN:

75-2555622

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	43,046		43,046
Bank Charges	1,283	1,283
Cell Phone Expense	978		978
Foundation Dues & Memberships	830		830
Life Insurance Premium	27,162
Website Hosting/Support	93		93

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

The Lightner Sams Foundation Inc

EIN:

75-2555622

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Class Action Lawsuit Proceeds	80	80

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

The Lightner Sams Foundation Inc

EIN:

75-2555622

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	102,721	102,721

- TIN:

TY 2024 TaxesSchedule

Name:

The Lightner Sams Foundation Inc

EIN:

75-2555622

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024	16,200
Foreign Tax Paid	6,898	6,898