Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo 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
PHIL HARDIN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2750 NORTH PARK DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MERIDIAN, MS39305
A Employer identification number

64-6024940
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$71,205,086J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 465,096 465,096 465,096
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 17,883,683
b Gross sales price for all assets on line 6a 58,241,631
7 Capital gain net income (from Part IV, line 2)... 17,883,683
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).......      
12 Total. Add lines 1 through 11........ 18,348,779 18,348,779 465,096
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 310,562 108,697 0 201,865
14 Other employee salaries and wages...... 202,211 0 0 202,211
15 Pension plans, employee benefits....... 33,805 0 0 33,805
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,351 10,676 0 10,675
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
53,586 53,050 0 536
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
281,120 0 0 3,157
19 Depreciation (attach schedule) and depletion... 36,486 0 0
20 Occupancy.............. 9,968 0 0 9,968
21 Travel, conferences, and meetings....... 22,433 8,973 0 13,460
22 Printing and publications.......... 19,048 0 0 0
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
96,245 0 0 96,245
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,086,815 181,396 0 571,922
25 Contributions, gifts, grants paid....... 4,253,600 4,253,600
26 Total expenses and disbursements. Add lines 24 and 25 5,340,415 181,396 0 4,825,522
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 13,008,364
b Net investment income (if negative, enter -0-) 18,167,383
c Adjusted net income (if negative, enter -0-)... 465,096
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 739,439 55,478 55,478
2 Savings and temporary cash investments......... 5,068,682 327,182 327,182
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 38,318,923 Click to see attachment
List of Attached Documents:
// Content
59,058,086 		66,566,323
c Investments—corporate bonds (attach schedule)....... 5,973,600 Click to see attachment
List of Attached Documents:
// Content
3,701,945 		3,695,174
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow1,221,079
Less: accumulated depreciation (attach schedule) right arrow660,150 594,612 560,929 560,929
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 50,695,256 63,703,620 71,205,086
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -3,410,323 9,598,041
29 Total net assets or fund balances (see instructions)..... 50,695,256 63,703,620
30 Total liabilities and net assets/fund balances (see instructions). 50,695,256 63,703,620
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
50,695,256
2
Enter amount from Part I, line 27a .....................
2
13,008,364
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
63,703,620
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
63,703,620
Form 990-PF (2024)
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 GAIN ON SALE OF INVESTMENTS   2022-06-17 2024-12-31
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 58,241,631   40,357,948 17,883,683
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       17,883,683
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 17,883,683
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
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 right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 252,527
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........................... 3 252,527
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- ..... 5 252,527
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 275,329
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 275,329
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 146
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 22,656
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 22,656
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMS
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.PHILHARDIN.ORG
14
The books are in care ofright arrowSHERYL FLOOD Telephone no.right arrow (601) 483-4282

Located atright arrow2750 NORTH PARK DRIVEMERIDIANMS ZIP+4right arrow39305
15
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
15
 
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)
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
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)
 
No
(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)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
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.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(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)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(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)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
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
ROBERT F WARD PRESIDENT
8.00 		77,118 0 0
2750 NORTH PARK DRIVE
MERIDIAN,MS39305
RONNIE L WALTON SECRETARY
6.00 		63,222 0 0
2750 NORTH PARK DRIVE
MERIDIAN,MS39305
MARTIN DAVIDSON TREASURER
6.00 		63,222 0 0
2750 NORTH PARK DRIVE
MERIDIAN,MS39305
KACEY BAILEY DIRECTOR
4.00 		27,000 0 0
2750 NORTH PARK DRIVE
MERIDIAN,MS39305
MICHAEL VAN VECKHOVEN DIRECTOR
4.00 		26,000 0 0
2750 NORTH PARK DRIVE
MERIDIAN,MS39305
CLAIR HUFF DIRECTOR
4.00 		27,000 0 0
2750 NORTH PARK DRIVE
MERIDIAN,MS39305
DERRON RADCLIFF DIRECTOR
4.00 		27,000 0 0
2750 NORTH PARK DRIVE
MERIDIAN,MS39305
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
LLOYD GRAY EXEUCTIVE DIRECTOR
40.00 		143,814 10,786 0
2750 NORTH PARK DRIVE
MERIDIAN,MS39305
SHERYL FLOOD ADMINISTRATIVE ASST
40.00 		53,397 4,380 0
2750 NORTH PARK DRIVE
MERIDAIN,MS39305
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
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 arrow0
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 arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
66,863,422
b
Average of monthly cash balances.......................
1b
535,152
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
67,398,574
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
67,398,574
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,010,979
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
66,387,595
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,319,380
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.)
1
Minimum investment return from Part IX, line 6..................
1
3,319,380
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
252,527
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
252,527
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,066,853
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,066,853
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,066,853
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
4,825,522
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,825,522
Form 990-PF (2024)
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 3,066,853
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......  
b From 2020...... 608,776
c From 2021......  
d From 2022...... 718,411
e From 2023...... 1,582,642
f Total of lines 3a through e ........ 2,909,829
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,825,522
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 3,066,853
e Remaining amount distributed out of corpus 1,758,669
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 4,668,498
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) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,668,498
10 Analysis of line 9:
a Excess from 2020.... 608,776
b Excess from 2021....  
c Excess from 2022.... 718,411
d Excess from 2023.... 1,582,642
e Excess from 2024.... 1,758,669
Form 990-PF (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 or
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
         
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 e-mail address of the person to whom applications should be addressed:
PHIL HARDIN FOUNDATION-LLOYD GRAY
2750 NORTH PARK DRIVE
MERIDIAN,MS39305
(601) 483-4282
bThe form in which applications should be submitted and information and materials they should include:
CONTACT PHIL HARDIN FOUNDATION-LLOYD GRAY
cAny submission deadlines:
CONTACT PHIL HARDIN FOUNDATION-LLOYD GRAY
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
CONTACT PHIL HARDIN FOUNDATION-LLOYD GRAY
Form 990-PF (2024)
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)
aPaid during the year

AFTERNOON ADVENTURE LEARNING CENTER

306 N MAIN STREET
NEWTON,MS39345 		  PC AFTERSCHOOL AND SUMMER TUTORING PROGRAMS 10,000

BELL VOICES

25 BROADWAY
NEW YORK,NY10004 		  PC JACKSON YOUTH NEWSROOM 25,000

BOYS AND GIRLS CLUBS OF CENTRAL MS INC

1450 W CAPITOL ST
JACKSON,MS39203 		  PC CULINARY ARTS PROGRAM 75,000

BUT GOD MINISTRIES

404 FONTAINE PL 104
RIDGELAND,MS39157 		  PC JFC MONTESSORI 25,000

CHIKASAW INKANA FOUNDATION

343 E MAIN STREET B
TUPELO,MS38804 		  PC CHICKASAW HERITAGE CENTER 25,000

CHILDRENS FOUNDATION OF MS

PO BO 55887
JACKSON,MS39296 		  PC OPERATING SUPPORT, UNTAPPED POTENTIAL, AMPLIFYING OUR POTENTIAL 50,000

COMMUNITY FOUNDATION OF EAST MS

4817 NORTH PARK DRIVE
MERIDIAN,MS39305 		  PC MS BOOK FESTIVAL 1,500

COMMUNITY FOUNDATION OF NORTHWEST MS

315 LOSHER ST 100
HERNANDO,MS38632 		  PC ADVANCED STEM ACCESS PROGRAM 50,000

EAST CENTER FOR EDUCATIONAL DEVELOPMENT INC

1000 HIGHWAY 19 N
MERIDIAN,MS39307 		  PC PRINCIPALS BOOTCAMP 2,000

EAST MS BUSINESS DEVELOPMENT FOUNDATION

PO BOX 790
MERIDIAN,MS39302 		  PC MS SCHOLARS AND TECH MASTERS 2,500

EAST MS VETERANS FOUNDATION

M STREET
MERIDIAN,MS39307 		  PC WALL OF REMEMBRANCE 3,500

COMMUNITY FOUNDATION FOR MS

119 S PRESIDENT STREET
JACKSON,MS39201 		  PC MS STATEWIDE AFTERSCHOOL NETWORK 50,000

FOUNDATION FOR PUBLIC BROADCASTING IN MS

3825 RIDGEWOOD ROAD
JACKSON,MS39211 		  PC MS INTERACTIVE VIDEO NETWORK 40,000

FREEDOM PROJECT NETWORK

120 DELTA AVE
SUNFLOWER,MS38778 		  PC FREEDOM SUMMER COLLEGIATE PROGRAM 175,250

FRIENDS OF RUSSELL C DAVIS PLANETARIUM

201 E PASCAGOULA ST
JACKSON,MS39201 		  PC CONSTRUCTION PROJECT 50,000

EAST MS BUSINESS DEVELOPMENT CORPORATION

PO BOX 790
MERIDIAN,MS39301 		  PC SCHOLARS & TECH MASTERS 45,000

HOPE VILLAGE FOR CHILDREN

2433 23RD AVENUE
MERIDIAN,MS39301 		  PC EDUCATION DIRECTOR 25,000

ILLUMINATIONS CENTER FOR DYSLEXIA INC

302 17TH STREET
MERIDIAN,MS39301 		  PC DYSLEXIA THERAPY SCHOLARSHIP FUND 20,000

JACKSON PUBLIC SCHOOL DISTRICT

662 S PRESIDENT STREET
JACKSON,MS39201 		  PC EXCELLENCE FOR ALL 125,000

JUANITA SIMS DOTY FOUNDATION

2675 RIGER RIDGE DRIVE
JACKSON,MS39216 		  PC CHOOSE TO GROW 13,500

LAUDERDALE COUNTY SCHOOL DISTRICT

PO BOX 5498
MERIDIAN,MS39302 		  PC LCSD STRATEGIC PLANNING 210,000

LAUREN ROGERS MUSEUM

565 N FIFTH AVENUE
LAUREL,MS39440 		  PC OUTREACH ENDOWMENT 25,000

MAGNOLIA SPEECH FOR THE DEAF

733 N FLAG CHAPEL RD
JACKSON,MS39209 		  PC BUILDING HOPE PROGRAM 25,000

MERIDIAN ART ASSOCIATION

628 25TH AVENUE
MERIDIAN,MS39301 		  PC EXPERIENCING VISUAL ARTS 35,000

MERIDIAN COMMUNITY COLLEGE FOUNDATION

910 HIGHWAY 19 NORTH
MERIDIAN,MS39307 		  PC PHIL HARDIN FOUNDATION HONORS COLLEGE; BEEP, ANNUAL SCHOLARSHIPS, PHIL HARDIN SCHOLARSHIPS, AND TUITION GUARANTEE ENDOWMENT 290,000

MERIDIAN COUNCIL FOR THE ARTS

711 23RD AVE
MERIDIAN,MS39301 		  PC THREEFOOT FESTIVAL 1,000

MERIDIAN JUNIOR AUXILLARY

PO BOX 3194
MERIDIAN,MS39301 		  PC READING IS FUNDAMENTAL AND TEACHER MINI GRANTS 18,150

MERIDIAN PUBLIC SCHOOL DISTRICT

1019 25TH AVENUE
MERIDIAN,MS39301 		  PC HOUSING AUTHORITY PROJECT, ANY GIVEN CHILD 75,000

MERIDIAN SYMPHONY ASSOCIATION

PO BOX 2171
MERIDIAN,MS39302 		  PC COMMUNITY CHORDS PROGRAM 75,000

MILSAPS COLLEGE

1701 NORTH STATE STREET
JACKSON,MS39210 		  PC MILLSAPS PATHWAYS PROGRAM AND SUMMER INTERNSHIP PROGRAM 147,000

MISSISSIPPI STATE UNIVERSITY FOUNDATION

PO BOX 6018
MISSISSIPPI STATE,MS39762 		  PC BOB DEEN ENDOWMENT, MENTAL/BEHAVIORAL HEALTH PROGRAM EXPANSION 200,000

MS ACQUARIUM FOUNDATION

2100 E BEACH BLVD
GULFPORT,MS39501 		  PC MS ACQUARIUM 50,000

MS ALLIANCE OF NONPROFITS

175 E CAPITOL ST SUITE 501
JACKSON,MS39201 		  PC MEMBERSHIP DUES AND OPERATING SUPPORT 176,500

MS ARTS AND ENTERTAINMENT CENTER

1901 FRONT STREET
MERIDIAN,MS39301 		  PC MS ARTS AND ENTERTAINMENT CENTER 300,000

MS ARTS COMMISSION

455 N LAMAR ST SUITE 2A
JACKSON,MS39202 		  PC MS WHOLE SCHOOLS 50,000

ENTERPRISE SCHOOL DISTRICT

503 RIVER ROAD
ENTERPRISE,MS39330 		  PC ENTERPRISE HIGHSCHOOL ART 4,000

MS CHILDRENS MUSEUM

PO BOX 55409
JACKSON,MS39396 		  PC MS CHILDRENS MUSEUM-MERIDIAN, MS AND ABC COME PLAY WITH ME 510,000

MS SCHOOL FOR MATH AND SCIENCE FOUNDATION INC

1100 COLLEGE STREET
COLUMBUS,MS39701 		  PC MS SCHOOLS FOR MATH & SCIENCE SUMMER CAMPS 8,000

GREAT CITY MS FOUNDATION

PO BOX 16976
JACKSON,MS39236 		  PC LAUDERDALE & DELTA COUNTIES PROGRAMMING 75,000

NATIONAL COUNCIL ON TEACHER QUALITY

1032 15TH STREET NW 242
WASHINGTON,DC20005 		  PC IMPROVING TEACHER KNOWLEDGE 15,000

HARRISBURG CULTURAL AND SOCIAL SERVICES CENTER INC

1800 W MAIN STREET
TUPELO,MS38801 		  PC START WITH THE ARTS 14,000

JIMMIE RODGERS FOUNDATION INC

1200 22ND AVENUE
MERIDIAN,MS39301 		  PC ORGANIZATIONAL GRANT 30,000

MERIDIAN HIGH SCHOOL DEPARTMENT OF THEATER

2320 32ND AVENUE
MERIDIAN,MS39305 		  PC TWO STATE COMPETITIONS 2,500

MERIDIAN PUBLIC SCHOOL DISTRICT FOUNDATION

1019 25TH AVENUE
MERIDIAN,MS39301 		  PC EDUCATIONAL EXCELLENCE 10,000

PROGRAM OF RESEARCH & EVALUATION FOR PUBLIC SCHOOL

710 WILLIAM CAREY PARKWAY
HATTIESBURG,MS39401 		  PC CEO LEADERSHIP ACADEMY 25,000

PUBLIC EDUCATION FORUM OF MS

248 E CAPITOL ST 940
JACKSON,MS39201 		  PC BALANCING THE ACCOUNTABILITY MODEL 20,000

MHS MARCHING BAND

2320 32ND AVENUE
MERIDIAN,MS39305 		  PC STATE MARCHING BANK COMPETITION 500

SPRING INITIATIVE

PO BOX 1759
CLARKSDALE,MS38614 		  PC SPRING INITIATIVE 50,000

MISSION FIRST INC

275 ROSENEATH AVENUE
JACKSON,MS39203 		  PC KINDERGARTEN CLASSROOM ADDITION 50,000

TRINITY DYSLEXIA CENTER

4223 POPLAR SPRINGS DRIVE
MERIDIAN,MS39305 		  PC ANNUAL BUDGET 48,200

UNITED WAY OF EAST MS

PO BOX 3219
MERIDIAN,MS39301 		  PC IMAGINATION LIBRARY 80,000

UNITED WAY OF NORTHEAST MS

454 E PRESIDENT ST
TUPELO,MS38801 		  PC EARLY CHILDHOOD COALITION INSTRUCTIONAL COACH 13,000

UNIVERSITY OF MS MEDICAL CENTER

2500 N STATE ST
JACKSON,MS39216 		  PC UM SCHOOL OF EDUCATION AND MS BASE PAIR CONSORTIUM 180,000

WE WILL GO

806 N FARISH STREET
JACKSON,MS39202 		  PC CAMP HOPE EXPANSION PROJECT 25,000

MS BOOK FESTIVAL

400 HIGH STREET
JACKSON,MS39201 		  PC MS BOOK FESTIVAL 55,000

YOUTH MINISTRY

120 EUREKA STREET
BATESVILLE,MS38606 		  PC SCARED STRAIGHT PROGRAM 5,000

MISSISSIPPI COLLEGE

200 CAPITOL STREET
CLINTON,MS39056 		  PC EUDORA DOCUMENTARY 50,000

MISSISSIPPI EARLY CHILDHOOD ASSOCIATION

PO BOX 703
JACKSON,MS39205 		  PC EMPOWERING EARLY EDUCATORS 5,000

MISSISSIPPI HUMANITIES COUNCIL INC

3825 RIDGEWOOD ROAD
JACKSON,MS39211 		  PC STUDENT POETRY INITIATIVE 2,500

MISSISSIPPI MUSEUM OF ART

380 S LAMAR STREET
JACKSON,MS39201 		  PC THE 2ND & 3RD GRADE INITIATIVE 25,000

THE MISSISSIPPI READING CLINIC

1417 LELIA DRIVE
JACKSON,MS39216 		  PC MS READING CLINIC PILOT 150,000

MS STATEWIDE AFTERSCHOOL NETWORK

119 S PRESIDENT STREET
JACKSON,MS39201 		  PC MS STATEWIDE AFTERSCHOOL 50,000

NATIONAL CENTER OF EDUCATION AND THE ECONOMY

2445 M STREET NW
WASHINGTON,DC32037 		  PC MS SUPERINTENDENT ACADEMY 125,000

THE NEA FOUNDATION FOR THE IMPROVEMENT OF EDUCATION

1201 16TH STREET NW
WASHINGTON,DC20036 		  PC THE PATH AHEAD 50,000

PALMER HOME FOR CHILDREN

800 BALDWIN ROAD S
LAKE CORMORANT,MS38641 		  PC PALMER SCHOOL OF ARTS, MUSIC, PE, LIBRARY & SCIENCE LAB INSTRUCT 20,000

WALTER ANDERSON MUSEUM OF ART

510 WASHINGTON AVENUE
OCEAN SPRINGS,MS39564 		  PC THE SURREAL SOUTH 25,000

THE WRITING REVOLUTION

90 BROAD STREET 3F
NEW YORK,NY10004 		  PC BRINGING THE REVOLUTION TO MS 40,000
Total .................................right arrow 3a 4,253,600
bApproved for future payment

BUT GOD MINISTRIES
404 FONTAINE PL 104
RIDGELAND,MS39157 		  PC JFC MONTESSORI 50,000

GREAT CITY MS FOUNDATION
PO BOX 16976
JACKSON,MS39236 		  PC LAUDERDALE AND DELTA COUNTIES PROGRAMMING 75,000

HOPE VILLAGE FOR CHILDREN
2433 23RD AVENUE
MERIDIAN,MS39301 		  PC EDUCATION DIRECTOR 15,000

JACKSON PUBLIC SCHOOL DISTRICT
662 S PRESIDENT STREET
JACKSON,MS39201 		  PC EXCELLENCE FOR ALL 125,000

LAUDERDALE COUNTY SCHOOL DISTRICT
301 46TH COURT
MERIDIAN,MS39302 		  PC ELL TEACHER & MASERY CONNECT & RETHINK ED PROJECT 210,000

LAUREN ROGERS MUSEUM
565 N FIFTH AVENUE
LAUREL,MS39440 		  PC OUTREACH ENDOWMENT 50,000

MERIDIAN COMMUNITY COLLEGE FOUNDATION
910 HIGHWAY 19 NORTH
MERIDIAN,MS39307 		  PC PHF HONORS COLLEGE, TUITION GUARANTEE ENDOWMENT, BEEP 2,185,000

MILLSAPS COLLEGE
1701 NORTH STATE STREET
JACKSON,MS39210 		  PC PATHWAYS PROGRAM 173,492

MS ALLIANCE OF NONPROFITS AND PHILANTHROPY
2600 LAKELAND TERRACE SUITE 100
JACKSON,MS39216 		  PC OPERATING SUPPORT 75,000

UNITED WAY OF NORTHEAST MS
454 E PRESIDENT ST
TUPELO,MS38801 		  PC EARLY CHILDHOOD COALITION INSTRUCTIONAL COACH 26,000

CHILDRENS FOUNDATION OF MS
PO BOX 55887
JACKSON,MS39296 		  PC GENERAL OPERATING SUPPORT 100,000

COMMUNITY FOUNDATION FOR MS
119 S PRESIDENT STREET
JACKSON,MS39201 		  PC MS STATEWIDE AFTERSCHOOL 50,000

MERIDIAN SYMPHONY ASSOCIATION
2120 5TH STREET
MERIDIAN,MS39301 		  PC COMMUNITY CHORDS PROGRAM 75,000

MISSISSIPPI ARTS COMMISSION
455 N LAMAR STREET
JACKSON,MS39202 		  PC MS WHOLE SCHOOLS 50,000

MISSISSIPPI CHILDRENS MUSEUM
403 22ND AVENUE
MERIDIAN,MS39301 		  PC SATELLITE LOCATION IN MERIDIAN AND LAUNCH INTO LEARNING 875,000

MISSISSIPPI COLLEGE
200 CAPITOL STREET
CLINTON,MS39056 		  PC EUDORA DOCUMENTARY 50,000

MISSISSIPPI MUSEUM OF ART
380 S LAMAR STREET
JACKSON,MS39202 		  PC THE 2ND & 3RD GRADE INITIATIVE 25,000

THE MISSISSIPPI READING CLINIC
1417 LELIA DRIVE
JACKSON,MS39216 		  PC MS READING CLINIT PILOT 100,000

MISSISSIPPI STATEWIDE AFTERSCHOOL NETWORK
119 S PRESIDENT STREET
JACKSON,MS39201 		  PC MS STATEWIDE AFTERSCHOOL 50,000

DEEP SOUTH TODAY
750 WOODLANDS PARKWAY
RIDGELAND,MS39157 		  PC EXPANDED EDUCATION REPORTING AT MS TODAY 200,000

NATIONAL CENTER OF EDUCATION AND THE ECONOMY
2445 M STREET NW
WASHINGTON,DC20037 		  PC MS SUPERINTENDENT ACADEMY 225,000

MISSISSIPPI STATE UNIVERSITY FOUNDATION
PO BO 55887
MISSISSIPPI STATE,MS39762 		  PC MENTAL/BEHAVIORAL HEALTH PROGRAM EXPANSION 800,000

THE NEA FOUNDATION FOR THE IMPROVEMENT OF EDUCATION
1201 16TH STREET NW
WASHINGTON,DC20036 		  PC THE PATH AHEAD 44,000

PALMER HOME FOR CHILDREN
800 BALDWIN ROAD S
LAKE CORMORANT,MS38641 		  PC PALMER SCHOOL OF ARTS, MUSIC, PE, LIBRARY & SCIENCE LAB INSTRUCT 20,000

PARENTS FOR PUBLIC SCHOOLS
4915 I-55 N
JACKSON,MS39206 		  PC PARENT ENGAGEMENT 215,120

TRINITY DYSLEXIA CENTER
4223 POPLAR SPRINGS DRIVE
MERIDIAN,MS39305 		  PC ANNUAL BUDGET 23,000

SPRING INITIATIVE
215 ELM AVENUE
CLARKSDALE,MS38614 		  PC SPRING INITIATIVE 100,000

UNITED WAY OF EAST MS
4817 NORTH PARK DRIVE
MERIDIAN,MS39305 		  PC IMAGINATION LIBRARY 80,000

UNIVERSITY PRESS OF MS INC
3825 RIDGEWOOD ROAD
JACKSON,MS39211 		  PC A GENERATION FULL OF COURAGE 50,000

BUT GOD MINISTRIES
118 HOMESTEAD DRIVE
MADISON,MS39110 		  PC JFC MONTESSORI 50,000
Total ................................. right arrow 3b 6,166,612
Form 990-PF (2024)
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
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 ....     14 465,096  
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 17,883,683  
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) .. 0 18,348,779 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
18,348,779
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part 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)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
PHIL HARDIN FOUNDATION
EIN:
64-6024940
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 21,351 10,676 0 10,675

TY 2024 AppliedToPriorYearElection
Name:
PHIL HARDIN FOUNDATION
EIN:
64-6024940
Election:
THE FOUNDATION ELECTS TO USE EXCESS DISTRIBUTIONS AND CORPUS NEEDED TO SATISFY THE 2018 AND 2020 UNDISTRIBUTED INCOME.

TY 2024 InvestmentsCorpBondsSchedule
Name:
PHIL HARDIN FOUNDATION
EIN:
64-6024940
Name of Bond End of Year Book Value End of Year Fair Market Value
INVESTMENTS-BONDS 3,701,945 3,695,174

TY 2024 InvestmentsCorpStockSchedule
Name:
PHIL HARDIN FOUNDATION
EIN:
64-6024940
Name of Stock End of Year Book Value End of Year Fair Market Value
INVESTMENTS-STOCKS 59,058,086 66,566,323

TY 2024 OtherExpensesSchedule
Name:
PHIL HARDIN FOUNDATION
EIN:
64-6024940
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REPAIRS 3,774 0 0 3,774
INSURANCE 6,716 0 0 6,716
SUPPLIES 218 0 0 218
TELEPHONE 4,622 0 0 4,622
WEBSITE, INTERNET 670 0 0 670
MISCELLANEOUS 39,559 0 0 39,559
DUES & SUBSCRIPTIONS 28,007 0 0 28,007
PUBLIC RELATIONS 12,679 0 0 12,679


TY 2024 OtherProfessionalFeesSchedule
Name:
PHIL HARDIN FOUNDATION
EIN:
64-6024940
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PORTFOLIO FEES 53,586 53,050 0 536


TY 2024 TaxesSchedule
Name:
PHIL HARDIN FOUNDATION
EIN:
64-6024940
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 265,334 0 0 0
PAYROLL TAX 15,786 0 0 3,157