TY 2025 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.
Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2025

Open to Public Inspection

For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25

Name of foundation
HANKINS FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address) 517 ACEQUIA MADRE
Room/suite

City or town
SANTA FE

State or province
NM

Country

ZIP or foreign postal code
87505

A Employer identification number

88-1604553

B Telephone number (see instructions)

6173204911

C If exemption application is pending, check here

G Check all that apply: Initial returnInitial return of a former public charity

Address change Name change

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

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

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

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 .......

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$11,179,187J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments	9,367		9,367
4	Dividends and interest from securities...	296,606		296,606
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		654,253
b	Gross sales price for all assets on line 6a 8,816,862
7	Capital gain net income (from Part IV, line 2)...			654,253
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........	960,226		960,226
13	Compensation of officers, directors, trustees, etc.	100,000		50,000	50,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	7,732		3,866	3,866
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	16,682		16,682
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	160,387	160,387
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	8,984		8,984
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	293,785		214,253	79,532
25	Contributions, gifts, grants paid.......	617,500			617,500
26	Total expenses and disbursements. Add lines 24 and 25 ................	911,285		214,253	697,032
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	48,941
b	Net investment income (if negative, enter -0-)			745,973
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2025)

Form 990-PF (2025)

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.............	433,295	144,235	144,235
	2	Savings and temporary cash investments.........
	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)	116,306	List of Attached Documents: // Content 428,115	428,115
	b	Investments—corporate stock (attach schedule).......	8,561,113	List of Attached Documents: // Content 8,530,468	8,530,468
	c	Investments—corporate bonds (attach schedule).......	1,523,953	List of Attached Documents: // Content 2,066,644	2,066,644
	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 9,725	List of Attached Documents: // Content 9,725
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	10,634,667	11,179,187	11,179,187
	17	Accounts payable and accrued expenses..........	357	186
	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 )	List of Attached Documents: // Content 43,321	List of Attached Documents: // Content 51,989
	23	Total liabilities (add lines 17 through 22).........	43,678	52,175
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	10,590,989	11,127,012
	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
	29	Total net assets or fund balances (see instructions).....	10,590,989	11,127,012
	30	Total liabilities and net assets/fund balances (see instructions).	10,634,667	11,179,187

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

10,590,989

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

48,941

Other increases not included in line 2 (itemize) Click to see attachment

List of Attached Documents:

// Content

487,082

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

11,127,012

Decreases not included in line 2 (itemize)

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

11,127,012

Form 990-PF (2025)

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
1 a	PUBLICLY TRADED SECURITIES	P
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	8,816,862	8,162,609	654,253
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			654,253
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	654,253
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	10,369
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	10,369
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	10,369
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	11,000
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	11,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
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	631
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax631	Refunded	11
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

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. $ (2) On foundation managers.$

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

on foundation managers.$

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 2025 or the taxable year beginning in 2025? 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 addressHANKINSFOUNDATION.ORG

The books are in care ofKEVON ZEHNER Telephone no. (617) 320-4911

Located at517 ACEQUIA MADRESANTA FENM ZIP+487505

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

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

16 At any time during calendar year 2025, 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

Form 990-PF (2025)

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)

(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 ........

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 2025? .............

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 2025, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2025?....................

If "Yes," list the years 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 2025 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 Form 4720, Schedule C, to determine

if the foundation had excess business holdings in 2025.).....................

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 2025? ..

Form 990-PF (2025)

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 .........

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-)
MICHAEL DAVIS	TREASURER 000.00	0
116 W BOOTH STREET SANTA FE,NM87505	TREASURER 000.00	0
MARIA GALE	PRESIDENT 000.00	0
512 CAMINO LEJO SANTA FE,NM87505	PRESIDENT 000.00	0
WILLIAM SMITH	SECRETARY 000.00	0
1807 ARROYO CHAMISO SANTA FE,NM87505	SECRETARY 000.00	0
CHARLES FORTE	EX-OFFICIO D 000.00	0
1007 GOVERNOR DEMPSEY DRIVE SANTA FE,NM87501	EX-OFFICIO D 000.00	0
KEVON ZEHNER	EXECUTIVE DI 000.00	100,000
517 ACEQUIA MADRE SANTA FE,NM87505	EXECUTIVE DI 000.00	100,000

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

Form 990-PF (2025)

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
MORGAN STANLEY	INV. ADVISORY	160,387
150 WASHINGTON AVE SUITE 301 SANTA FE,NM87501	INV. ADVISORY	160,387

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	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3.........................

Form 990-PF (2025)

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

10,428,107

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

499,841

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

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

10,927,948

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

10,927,948

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

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

163,919

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

10,764,029

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

538,201

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)

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

538,201

Tax on investment income for 2025 from Part V, line 5 .......

10,369

Income tax for 2025. (This does not include the tax from Part V.) ...

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

10,369

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

527,832

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

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

527,832

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

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

527,832

Part XI

Qualifying Distributions (see instructions)

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

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

697,032

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. .......

697,032

Form 990-PF (2025)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2025
1 Distributable amount for 2025 from Part X, line 7			527,832
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2025:
a From 2020......
b From 2021......
c From 2022......
d From 2023......	269,806
e From 2024......	165,769
f Total of lines 3a through e ........		435,575
4Qualifying distributions for 2025 from Part
XI, line 4: $ 697,032
a Applied to 2024, but not more than line 2a
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 2025 distributable amount.....			527,832
e Remaining amount distributed out of corpus		169,200
5 Excess distributions carryover applied to 2025.
(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		604,775
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 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		604,775
10 Analysis of line 9:
a Excess from 2021 ....
b Excess from 2022 ....
c Excess from 2023 ....	269,806
d Excess from 2024 ....	165,769
e Excess from 2025 ....	169,200

Form 990-PF (2025)

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 2025, enter the date of the ruling ......

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) 2025	(b) 2024	(c) 2023	(d) 2022	(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, 3b, or 3c 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 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, 2b, 2c, and 2d. 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 (2025)

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
ASSISTANCE DOGS OF THE WEST PO BOX 31027 SANTA FE,NM87594			PROGRAM CONTINUATION/EXPANSION	60,000
THE LENSIC PERFORMING ARTS CENTER 211 SAN FRANCISCO ST SANTA FE,NM87501			TECHNICAL THEATER INTERNSHIPS	30,000
THE MOUNTAIN CENTER PO BOX 449 TESUQUE,NM87574			PUBLIC COMMUNITY SUPPORT	10,000
NM SCHOOL FOR THE ARTS 500 MONTEZUMA ST SANTA FE,NM87501			ART TRAINING AND CREATIVE WRITING	50,000
THE SANTA FE OPERA PO BOX 2408 SANTA FE,NM87594			EDUCATION AND COMMUNITY SUPPORT	200,000
ASPEN SANTA FE BALLET 0245 SAGE WAY ASPEN,CO81611			YOUTH AND ARTIST MENTORSHIP SUPPORT	200,000
A CHANCE OF A LIFETIME 26 SUNDAY DRIVE SANTA FE,NM87508			GENERAL SUPPORT	10,000
MOVING ARTS ESPANOLA PO BOX 505 VELARDE,NM87582			GENERAL SUPPORT	10,000
SANTA FE RECOVERY CENTER 2504 CAMINO ENTRADA SANTA FE,NM87507			GENERAL SUPPORT	10,000
ST BEDE'S EPISCOPAL CHURCH 550 SAN MATEO SANTA FE,NM87505			GENERAL SUPPORT	5,000
THE MAY CENTER FOR LEARNING 1200 OLD PECOS TRAIL SANTA FE,NM87505			GENERAL SUPPORT	20,000
THE FOOD DEPOT 1222A SILER ROAD SANTA FE,NM87507			GENERAL CHARITABLE	10,000
THE SKY CENTER 4164 S MEADOWS RD SANTA FE,NM87507			GENERAL CHARITABLE	2,500
Total ................................. 3a				617,500

bApproved for future payment

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

Form 990-PF (2025)

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	9,367
4 Dividends and interest from securities ....			14	296,606
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	654,253
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) ..				960,226

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

960,226

(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 (2025)

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	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 (2025)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2025 AccountingFeesSchedule

Name:

HANKINS FOUNDATION

EIN:

88-1604553

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
AUDIT AND TAX PREP FEES	16,682			16,682

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

HANKINS FOUNDATION

EIN:

88-1604553

Name of Bond	End of Year Book Value	End of Year Fair Market Value
FIFTH THIRD BANCORP FXD
VERISIGN INC
OMEGA HEALTHCARE INVESTORS	216,775	216,775
MARRIOTT INTERNATIONAL	215,617	215,617
GOLDMAN SACHS GROUP, INC.
AMERICAN EXPRESS CO
OCCIDENTAL PETROLEUM CORP
QUALCOMM INC
INTEL CORP
PHILLIP MORRIS INTERNATIONAL INC
KELLANOVA	209,649	209,649
AMERICAN TOWER CORP
BANK OF NOVA SCOTIA
CHENIERE ENERGY INC	205,726	205,726
ACCRUED INTEREST	23,495	23,495
BANK OF AMERICA CORP	187,339	187,339
JEFFERIES FINANCIAL GROUP INC.	201,318	201,318
KEYCORP	178,139	178,139
VERIZON COMMUNICATIONS	198,676	198,676
MCDONALDS CORP	218,267	218,267
COMCAST CORP	211,643	211,643

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

HANKINS FOUNDATION

EIN:

88-1604553

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABB LTD	141,651	141,651
ALPHABET INC	189,849	189,849
AMAZON	118,410	118,410
AMETEK INC	60,156	60,156
APPLE INC	148,979	148,979
ARISTA NETWORKS INC.
ASML HOLDINGS	78,100	78,100
CADENCE DESIGNS	55,639	55,639
CONSTELLATION ENERGY
DELL TECHNOLOGIES
DISCO CORP
EATON CORP
ELI LILLY & CO	184,845	184,845
EMCOR GROUP	154,171	154,171
EXXON MOBIL CORP	58,606	58,606
FERRARI NV	41,021	41,021
FISERV INC.
GE VERNOVA	182,346	182,346
HOWMET AEROSPACE INC	180,418	180,418
INTUITIVE SURGICAL INC	108,175	108,175
JP MORGAN CHASE	166,588	166,588
KLA CORPORATION	83,841	83,841
LIBERTY MEDIA	109,740	109,740
LINDE PLC
MARTIN MARIETTA MATERIALS	61,021	61,021
MASTERCARD INC	168,410	168,410
MCKESSON CORP	185,386	185,386
META PLATFORMS	117,496	117,496
MICROSOFT CORP	159,595	159,595
NASDAQ INC
NVIDIA COPORATION	212,051	212,051
PALANTIR TECHNOLOGIES	200,502	200,502
PALO ALTO NETWORKS	160,991	160,991
PARKER HANNIFIN CORP	145,907	145,907
ROCKWELL AUTOMATION
SAP AG
SEA LIMITED	130,887	130,887
SIMON PPT GROUP INC	109,400	109,400
STRYKER CORP
SYNOPSIS INC
TAIWAN SEMICONDUCTOR	59,866	59,866
THERMO FISHER SCIENTIFIC
TOAST INC
TPG INC
TRADE DESK INC
TRANE TECHNOLOGIES	55,266	55,266
UNITED RENTALS
VISA INC	163,080	163,080
VISTRA CORP	53,562	53,562
WW GRAINGER
ABBVIE INC	168,854	168,854
AMERICAN ELEC PWR	163,394	163,394
AMGEN INC	49,751	49,751
BROADCOM INC	192,778	192,778
CATERPILLAR INC.	87,649	87,649
CHEVRON	50,753	50,753
CISCO SYS INC	176,013	176,013
COCA COLA	51,314	51,314
CUMMINS INC	70,953	70,953
DIGITAL REALTY TRUST	101,180	101,180
EASTMAN CHEMICAL CO
EATON CORP	214,039	214,039
INTL BUSINESS MACHINES CORP	178,318	178,318
KOMATSU LTD	109,956	109,956
LAZARD INC
LYONDELLBASELL NV
MANULIFE FINANCIAL CORP	177,881	177,881
MEDTRONIC PLC
MICROSOFT CORP
PHILLIPS 66 COM	61,423	61,423
PINNACLE WEST CAPITAL CORP	80,628	80,628
PRUDENTIAL FINANCIAL INC	153,517	153,517
PUBLIC SERVICE ENTERPRISE GP	90,578	90,578
SEAGATE TECHNOLOGY HOLDINGS	331,294	331,294
SIMON PPT GROUP	169,191	169,191
STATE STREET CORP	45,799	45,799
TC ENERGY CORP	213,218	213,218
TOYOTA MOTOR CO
VALERO ENERGY	73,093	73,093
VERIZON COMMUNICATIONS	50,057	50,057
WELLTOWER INC.	90,392	90,392
XCEL ENERGY	100,523	100,523
BANK OF AMERICA
KIMCO REALTY CORP
VOYA FINANCIAL INC
WELLS FARGO
AMPHENOL CORP NEW CL A	55,407	55,407
ANALOG DEVISCES INC.	57,766	57,766
BAE SYS PLC	96,919	96,919
BANK OF AMERICA CORP.	58,300	58,300
BERKSHIRE HATHAWAY CL B	55,794	55,794
BOSTON SCIENTIFIC	30,989	30,989
HEICO CORP	58,246	58,246
MITSUBISHI HEAVIE INDS LTD ADR	53,332	53,332
RHEINMETALL AG UNSPON ADR	30,066	30,066
SAAB AB ADR	115,057	115,057
WALMART INC	40,330	40,330
FRONTVIEW REIT	52,413	52,413
GILEAD SCIENCE	60,265	60,265
HSBC HOLDINGS	70,410	70,410
NNN REIT	52,193	52,193
OMEGA HEALTHCARE INV INC	98,302	98,302
TOTALENERGIES SE ACT	53,106	53,106
ISHRS MSCI MEXICO ETF	69	69
SPDF GOLD TR GOLD SHS	193,003	193,003

- TIN:

TY 2025 InvestmentsGovtObligationsSch

Name:

HANKINS FOUNDATION

EIN:

88-1604553

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

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

428,115

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

428,115

- TIN:

TY 2025 OtherAssetsSchedule

Name:

HANKINS FOUNDATION

EIN:

88-1604553

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
PREPAID EXCISE TAX		9,725	9,725

- TIN:

TY 2025 OtherExpensesSchedule

Name:

HANKINS FOUNDATION

EIN:

88-1604553

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
OTHER EXPENSES	8,984			8,984

- TIN:

TY 2025 OtherIncreasesSchedule

Name:

HANKINS FOUNDATION

EIN:

88-1604553

Description	Amount
UNREALIZED GAINS	487,082

- TIN:

TY 2025 OtherLiabilitiesSchedule

Name:

HANKINS FOUNDATION

EIN:

88-1604553

Description	Beginning of Year - Book Value	End of Year - Book Value
EXCISE TAX PAYABLE	2,558
DEFERRED FEDERAL EXCISE TAX	40,763	51,989

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

HANKINS FOUNDATION

EIN:

88-1604553

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY	160,387	160,387