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
THE BEN MAY CHARITABLE TRUST
HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE

Number and street (or P.O. box number if mail is not delivered to street address) 25 W I-65 SERVICE RD N
Room/suite

City or town
MOBILE

State or province
AL

Country

ZIP or foreign postal code
36608

A Employer identification number

23-7145009

B Telephone number (see instructions)

2288224365

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)$38,918,423J 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	13,127		13,127
4	Dividends and interest from securities...	526,209		524,759
5a	Gross rents............	45,712		45,712
b	Net rental income or (loss) 45,712
6a	Net gain or (loss) from sale of assets not on line 10		3,755,939
b	Gross sales price for all assets on line 6a 13,587,924
7	Capital gain net income (from Part IV, line 2)...			3,755,939
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........	4,340,987		4,339,537
13	Compensation of officers, directors, trustees, etc.	132,261		33,357	98,904
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	38,800	14,400	24,400
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	55,174	35,674	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	41,427		0	41,427
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	125,097	110,361	14,736
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	392,759		193,792	179,467
25	Contributions, gifts, grants paid.......	1,359,333			1,359,333
26	Total expenses and disbursements. Add lines 24 and 25 ................	1,752,092		193,792	1,538,800
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,588,895
b	Net investment income (if negative, enter -0-)			4,145,745
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.............
	2	Savings and temporary cash investments.........	456,147	937,496	937,496
	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)	3,139,809	List of Attached Documents: // Content 3,998,095	3,998,095
	b	Investments—corporate stock (attach schedule).......	11,328,258	List of Attached Documents: // Content 14,073,039	14,073,039
	c	Investments—corporate bonds (attach schedule).......	1,871,610	List of Attached Documents: // Content 2,152,291	2,152,291
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	14,892,372	List of Attached Documents: // Content 17,757,502	17,757,502
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	31,688,196	38,918,423	38,918,423
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	31,688,196	38,918,423
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	31,688,196	38,918,423
	30	Total liabilities and net assets/fund balances (see instructions).	31,688,196	38,918,423

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

31,688,196

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

2,588,895

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

List of Attached Documents:

// Content

4,643,125

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

38,920,216

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

List of Attached Documents:

// Content

1,793

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

38,918,423

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	(d) Date sold (mo., day, yr.)
1 a	TIMBERLAND, MONROE CNTY, AL	P	2025-11-24
b	PUBLICLY TRADED SECURITIES	P
c	TIMBER SALES	P
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,250,000	425,723	2,824,277
b	9,928,912	9,390,639	538,273
c	342,348	15,623	326,725
d	66,664		66,664
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			2,824,277
b			538,273
c			326,725
d			66,664
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	3,755,939
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	57,626
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	57,626
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	57,626
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	15,586
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	15,586
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	42,040
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax	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. $ 0(2) On foundation managers.$ 0

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

on foundation managers.$ 0

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 addressN/A

The books are in care ofHANCOCK WHITNEY BANK SUCCESSOR TRU Telephone no. (228) 822-4365

Located at25 W I-65 SERVICE RD NMOBILEAL ZIP+436608

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)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

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-)
LYNETTE P KOPPEL	DIST. COMMITTEE MEMBER 2.30	0
245 E 93RD ST NEW YORK,NY10128	DIST. COMMITTEE MEMBER 2.30	0
JOHN D PEEBLES	DIST. COMMITTEE MEMBER 2.00	25,000
118 N ROYAL ST MOBILE,AL36602	DIST. COMMITTEE MEMBER 2.00	25,000
STEVEN KOPPEL	DIST. COMMITTEE MEMBER 2.00	0
245 E 93RD ST NEW YORK,NY10128	DIST. COMMITTEE MEMBER 2.00	0
VIVIAN G JOHNSTON III	DIST. COMMITTEE CHAIRMAN 1.00	25,000
813 DOWNTOWNER BLVD MOBILE,AL36609	DIST. COMMITTEE CHAIRMAN 1.00	25,000
WILLIAM B PEEBLES	DIST. COMMITTEE MEMBER 1.70	8,333
118 N ROYAL ST MOBILE,AL36602	DIST. COMMITTEE MEMBER 1.70	8,333
VIVIAN G JOHNSTON V	DIST. COMMITTEE MEMBER 2.70	8,333
PO BOX 41105 MOBILE,AL36640	DIST. COMMITTEE MEMBER 2.70	8,333
KEN NIEMEYER	SECRETARY 2.40	10,000
7 FELS AVE FAIRHOPE,AL36532	SECRETARY 2.40	10,000
HANCOCK WHITNEY BANK	TRUSTEE 5.00	55,595
25 W I-65 SERVICE RD N MOBILE,AL36608	TRUSTEE 5.00	55,595

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


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









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

Form 990-PF (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
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3.........................0

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

17,168,316

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

572,422

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

14,955,594

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

32,696,332

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

32,696,332

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

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

490,445

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

32,205,887

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

1,610,294

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

1,610,294

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

57,626

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

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

57,626

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

1,552,668

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

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

1,552,668

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

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

1,552,668

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) ..........

1,538,800

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. .......

1,538,800

Form 990-PF (2025)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2024	(c) 2024	(d) 2025
1 Distributable amount for 2025 from Part X, line 7				1,552,668
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......			1,536,908
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2025:
a From 2020......
b From 2021......
c From 2022......
d From 2023......
e From 2024......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,538,800
a Applied to 2024, but not more than line 2a			1,536,908
b Applied to undistributed income of prior years (Election required—see instructions) .....		0
c Treated as distributions out of corpus (Election required—see instructions) ........	0
d Applied to 2025 distributable amount.....				1,892
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2025.	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	0
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 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........				1,550,776
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 2020 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2021 ....
b Excess from 2022 ....
c Excess from 2023 ....
d Excess from 2024 ....
e Excess from 2025 ....

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 e-mail address of the person to whom applications should be addressed:

THE BEN MAY CHARITABLE TRUST
HANCOCK WHITNEY BANK 25 W I-65
SERVICE RD N
MOBILE,AL36608
(228) 822-4365

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

LETTER APPLICATION ALONG WITH COPY OF THE IRS TAX EXEMPTION LETTER

cAny submission deadlines:

NONE

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

NONE

Form 990-PF (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
ALABAMA COASTAL FOUNDATION 250 CONTI ST MOBILE,AL36602			GENERAL PURPOSES	5,000
ALABAMA POLICY INSTITUTE 200 MISSIONARY RIDGE DR BIRMINGHAM,AL35242			GENERAL PURPOSES	10,000
ALABAMA SHAKESPEARE FESTIVAL 1 FESTIVAL DR MONTGOMERY,AL36117			2026 PRODUCTION OF MUCH ADO ABOUT NOTHING	25,000
AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE 633 THIRD AVE NEW YORK,NY10017			BEN MAY CENTER FOR CHEMICAL THEORY AND COMPUTATION	250,000
AMERICAN FRIENDS OF THE PERES INSTITUTE FOR PEACE 4601 PONCE DE LEON BLVD STE 300 CORAL GABLES,FL33146			GENERAL PURPOSES	50,000
AZALEA CENTER FOR THE ARTS 63 MIDTOWN PARK E MOBILE,AL36606			TICKETS FOR TEACHERS PROGRAM	55,000
BIG BROTHERS BIG SISTERS OF ALABAMA 3 S ROYAL ST STE 300 MOBILE,AL36602			GENERAL PURPOSES	15,000
MOBILE AREA COUNCIL SCOUTING AMERICA 2587 GOVERNMENT BLVD MOBILE,AL36606			GENERAL PURPOSES	5,000
BOYS & GIRLS CLUB PO BOX 6724 MOBILE,AL36660			GENERAL PURPOSES	5,000
CAHABA FOUNDATION PO BOX 465 SELMA,AL36702			GENERAL PURPOSES	5,000
CENTRAL PARK CONSERVACY 717 5TH AVE NEW YORK,NY10022			GENERAL PURPOSES	2,500
CHILDREN OF THE WORLD 22787 US 98 FAIRHOPE,AL36532			DOMESTIC ADOPTION COORDINATOR AND ADMINSTRATIVE SUPPORT	25,000
COMPETING AGAINST CANCER 417 S SAGE AVE MOBILE,AL36606			GENERAL PURPOSES	7,500
CONGREGATION B'NAI JESHURUN 270 W 89TH ST NEW YORK,NY10024			GENERAL PURPOSES	25,000
CONGREGATION ORACH CHAIM 1459 LEXINGTON AVE NEW YORK,NY10128			GENERAL PURPOSES	25,000
DAUPHIN ISLAND BIRD SANCTUARIES INC PO BOX 1295 DAUPHIN ISLAND,AL36528			GENERAL PURPOSES	5,000
DOROT 171 W 85TH ST NEW YORK,NY10024			GENERAL PURPOSES	15,000
FUSE PROJECT 200 GOVERNMENT ST 4TH FL MOBILE,AL36602			GENERAL PURPOSES	40,000
GOVERNMENT STREET PRESBYTERIAN CHURCH 300 GOVERNMENT ST MOBILE,AL36602			GENERAL PURPOSES	15,000
INSTITUTE OF SOUTHERN JEWISH LIFE INC PO BOX 16528 JACKSON,MS39236			GENERAL PURPOSES	10,000
ISRAEL POLICY FORUM 228 PARK AVE S PMB 452828 NEW YORK,NY10003			GENERAL PURPOSES	10,000
JEWISH AGENCY FOR ISRAEL 633 3RD AVE 21ST FLOOR NEW YORK,NY10017			GENERAL PURPOSES	8,333
JEWISH THEOLOGICAL SEMINARY 3080 BROADWAY NEW YORK,NY10027			GENERAL PURPOSES	18,000
LITTLE SISTERS OF THE POOR 1655 MCGILL AVE MOBILE,AL36604			GENERAL PURPOSES	5,000
MAIN STREET MOBILE PO BOX 112 MOBILE,AL36601			PUBLIC ART TRAIL	5,000
MCGILL TOOLEN CATHOLIC HIGH SCHOOL 1501 OLD SHELL RD MOBILE,AL36604			ST AUGUSTINE SCHOLARSHIP FUND AND BASEBALL FIELD RESURFACING	35,000
MOBILE AREA JEWISH FEDERATION 705 REGENTS WAY MOBILE,AL36609			GENERAL PURPOSES	5,400
MOBILE ARTS COUNCIL 318 DAUPHIN ST MOBILE,AL36602			GENERAL PURPOSES	5,000
MOBILE BAYKEEPER 450C GOVERNMENT ST MOBILE,AL36602			OYSTER RESTORATION PROGRAMS	30,000
MUSEUM OF THE SOUTHERN JEWISH EXPERIENCE PO BOX 15071 NEW ORLEANS,LA70175			RESEARCH LIBRARY AND READING ROOM	50,000
NATIONAL ASSOCIATION OF SCHOLARS 13 W 36TH ST NEW YORK,NY10118			GENERAL PURPOSES	10,000
ORDER OF ST JOHN 1850 M ST NW 1070 WASHINGTON,DC20036			RESEARCH GENETIC EYE DISEASE	75,000
PINE GROVE UNITED METHODIST CHURCH PO BOX 217 LEROY,AL36548			BEN MAY FUND	7,500
PRESTWICK PRESERVATION SOCIETY PO BOX 64 LEROY,AL36548			GENERAL PURPOSES	5,000
PRICHARD PREPARATORY SCHOOL 743 MT SINAI AVE WHISTLER,AL36612			ACADEMIC BRIDGE PROGRAM	10,000
RED DOOR COMMUNITY 195 W HOUSTON ST NEW YORK,NY10014			GENERAL PURPOSES	10,000
RONALD MCDONALD HOUSE 1626 SPRINGHILL AVE MOBILE,AL36604			GUEST ROOM SPONSORSHIP	5,000
ST IGNATIUS CATHOLIC SCHOOL 3704 SPRINGHILL AVE MOBILE,AL36608			PLAYGROUND AT EARLY LEARNING CENTER	35,000
ST STEPHENS NUTRITION CENTER 20788 COUNTY RD 34 ST STEPHENS,AL36569			GENERAL PURPOSES	5,000
THE UNIVERSITY OF CHICAGO 130 E RANDOLPH ST STE 2500 CHICAGO,IL60601			CANCER RESEARCH FUNDING	250,000
UNITED JEWISH APPEAL 130 E 59TH ST NEW YORK,NY10022			GENERAL PURPOSES	25,000
UNIVERSITY OF ALBAMA SCHOOL OF LAW 143J LAW CTR TUSCALOOSA,AL35487			BEN MAY ENDOWED SCHOLARSHIP FUND	5,000
VICTORY HEALTH PARTNERS 3750 PROFESSIONAL PKWY MOBILE,AL36609			GENERAL PURPOSES	5,000
WOUNDED WARRIOR PROJECT 4899 BELFORT RD JACKSONVILLE,FL32256			GENERAL PURPOSES	1,100
ANTI-DEFAMATION LEAGUE 605 3RD AVE NEW YORK,NY10158			GENERAL PURPOSES	36,000
COMMUNITY OF FAITH GLOBAL METHODIST CHURCH PO BOX 844 JACKSON,AL36545			GENERAL PURPOSES	15,000
FRIENDS OF OLD MOBILE INC PO BOX 161314 MOBILE,AL36616			BURIAL MONUMENTS	5,000
FRIENDS OF ALABAMA ARCHIVES 624 WASHINGTON AVE MONTGOMERY,AL36130			GENERAL PURPOSES	5,000
BROAD STREET RESTORATION SOCIETY PO BOX 16917 MOBILE,AL36616			GENERAL PURPOSES	5,000
TUNNELS TO TOWERS FOUNDATION 2361 HYLAN BLVD STATEN ISLAND,NY10306			GENERAL PURPOSES	2,000
MOBILE MUSEUM OF ART 4850 MUSEUM DR MOBILE,AL36608			SUPPORT FOR TWO EXHIBITIONS	15,000
CAMP RAMAH IN THE BERKSHIRES 1086 TEANECK RD TEANECK,NJ07666			GENERAL PURPOSES	18,000
GEORGE WASHINGTON'S MT VERNON LADIES ASSOC PO BOX 110 MT VERNON,VA22121			SEND ALABAMA EDUCATORS TO GEORGE WASHINGTON TEACHER INSTITUTE	25,000
THE LEARNING TREE 5451 ABLE CT MOBILE,AL36693			GENERATOR	5,000
MOBILE SPCA 620 ZIEGLER CIR W MOBILE,AL36608			GENERAL PURPOSES	2,000
SOCIETY OF THE CINCINNATI 2118 MASSACHUSETTS AVE NW WASHINGTON,DC22008			GENERAL PURPOSES	1,000
THE DOE FUND 345 E 102ND ST NEW YORK,NY10029			READY WILLING AND ABLE PROGRAM	10,000
Total ................................. 3a				1,359,333

bApproved for future payment

Total ................................. 3b				0

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	13,127
4 Dividends and interest from securities ....			14	526,209
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	45,712
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	3,755,939
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		4,340,987	0

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

4,340,987

(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:

THE BEN MAY CHARITABLE TRUST

HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE

EIN:

23-7145009

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	38,800	14,400		24,400

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

THE BEN MAY CHARITABLE TRUST

HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE

EIN:

23-7145009

Name of Bond	End of Year Book Value	End of Year Fair Market Value
71000 AERCAP IRELAND CAP/GLOBA 3% 10/29/2028-2028	68,834	68,834
48000 AMAZON.COM INC 3.6% 04/13/2032-2032	46,540	46,540
68000 AMERICAN TOWER CORP 5.55% 07/15/2033-2033	71,205	71,205
59000 AMGEN INC 5.25% 03/02/2030-2030	61,197	61,197
61000 ANHEUSER-BUSCH INBEV WORLDWIDE INC 3.5% 06/01/2030-2030	59,564	59,564
68000 BANK OF AMERICA CORP 3.248% 10/21/2027-2026	67,368	67,368
69000 BANK OF NY MELLON CORP VAR 4.543% 02/01/2029-2028	69,838	69,838
61000 BERKSHIRE HATHAWAY FIN 1.45% 10/15/2030-2030	54,371	54,371
55000 CHUBB INA HOLDINGS INC 5% 03/15/2034-2033	56,257	56,257
66000 HOME DEPOT INC 5.875% 12/16/2036	71,571	71,571
2700 ISHARES CMBS ETF	132,516	132,516
905 ISHARES IBOXX HIGH YIELD CORP BOND ETF	72,970	72,970
1512 ISHARES JPM EMERGING MARKETS BOND ETF	145,575	145,575
3228 ISHARES MBS ETF	307,370	307,370
70000 JP MORGAN CHASE & CO 6.4% 05/15/2038	79,074	79,074
34000 KEYBANK NATIONAL ASSOCIATION 4.9% 08/08/2032	33,929	33,929
33000 KEYCORP 2.25% 04/06/2027	32,254	32,254
64000 MCDONALDS CORP 3.6% 07/01/2030-2030	62,799	62,799
51000 NOVARTIS CAPITAL CORP 2% 02/14/2027-2026	50,085	50,085
34000 PNC FINANCIAL SERVICES 2.55% 01/22/2030-2029	31,996	31,996
34000 PNC FINANCIAL SERVICES 5.676% 01/22/2035-2034	35,840	35,840
69000 STRYKER CORP 1.95% 06/15/2030-2030	62,653	62,653
56000 T-MOBILE 5.75% 01/15/2034-2033	59,328	59,328
35000 T-MOBILE USA INC 3.375% 04/15/2029-2024	34,112	34,112
51000 UNITEDHEALTH 2.95% 10/15/2027	50,284	50,284
54000 US BANCORP 3.15% 04/27/2027-2027	53,582	53,582
69000 VERIZON COMMUNICATIONS INC 4.329% 09/21/2028	69,567	69,567
10063.774 BLACKROCK HIGH YIELD PORTFOLIO - INST	72,660	72,660
16660.945 EATON VANCE E/M DBT OPP-I	138,952	138,952

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

THE BEN MAY CHARITABLE TRUST

HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE

EIN:

23-7145009

Name of Stock	End of Year Book Value	End of Year Fair Market Value
8 3M CO	1,281	1,281
5 AFFILIATED MANAGERS GROUP	1,441	1,441
13 ALLEGION PLC	2,070	2,070
7 ALLISON	685	685
236 ALLSTATE CORP	49,123	49,123
700 ALPHABET INC INC CL A	219,100	219,100
693 AMAZON.COM INC	159,958	159,958
137 AMERICAN EXPRESS CO	50,683	50,683
5 AMERIPRISE FINANCIAL INC	2,452	2,452
5 AMETEK INC	1,027	1,027
141 AMGEN INC	46,151	46,151
148 AMPHENOL CORP NEW CL A	20,001	20,001
902 APPLE INC	245,218	245,218
208 APPLIED MATERIALS INC COM	53,454	53,454
51 APPLOVIN CORPORATION COM CL A	34,365	34,365
7 ARROW ELECTRONICS	771	771
1425 ASSOCIATED BANC CORP	36,708	36,708
1 AUTOZONE INC COM	3,392	3,392
23 BALL CORP	1,218	1,218
1 BIO RAD LABS INC	303	303
5 BIOGEN INC	880	880
13 BOYD GAMING CORP	1,108	1,108
825 BRISTOL-MYERS SQUIBB	44,501	44,501
357 BROADCOM INC	123,558	123,558
8 BUILDERS FIRSTSOURCE INC	823	823
17 BXP INC	1,147	1,147
366 CABOT CORP	24,258	24,258
2 CACI INTERNATIONAL CL A	1,066	1,066
154 CAPITAL ONE FINL CORP	37,323	37,323
26 CARLYLE GROUP INC COM	1,537	1,537
85 CASEYS GEN STORES INC	46,980	46,980
1 CAVCO INDUSTRIES INC	591	591
12 CDW CORP/DE	1,634	1,634
125 CENCORA INC	42,219	42,219
18 CENTENE CORP	741	741
15 CENTERPOINT ENERGY INC	575	575
15 CF INDS HLDGS INC COM	1,160	1,160
7 CHECK POINT SOFTWARE TECHNOLOGIES	1,299	1,299
98 CHEVRON CORPORATION	14,936	14,936
6 CHURCHILL DOWNS INC	683	683
989 CLEARWAY ENERGY INC CL C	32,894	32,894
10 COCA COLA CONSOLIDATED INC	1,533	1,533
9 COCA-COLA EUROPACIFIC PARTNERS PLC	816	816
306 COLGATE PALMOLIVE CO STOCK	24,180	24,180
15 COMMERCIAL METALS CO	1,038	1,038
191 CONOCOPHILLIPS	17,880	17,880
2 CREDIT ACCEPTANCE	887	887
89 CUMMINS INC	45,430	45,430
8 D R HORTON INC	1,152	1,152
3 DARDEN RESTAURANTS INC	552	552
4 DELL TECHNOLOGIES CL C	504	504
7 DIAMONDBACK ENERGY INC	1,052	1,052
91 DIGITAL RLTY TR INC	14,079	14,079
28 DNOW INC	371	371
3 DOVER CORP COM	586	586
12 DTE ENERGY CO	1,548	1,548
15 EAST WEST BANCORP INC	1,686	1,686
5 EASTGROUP PPTY INC COM	891	891
21 EBAY INC	1,829	1,829
67 EMCOR GROUP INC COM	40,990	40,990
12 ENTERGY CORP NEW COM	1,109	1,109
6 EPAM SYSTEMS INC	1,229	1,229
22 EQT CORP	1,179	1,179
16 EQUITABLE HOLDINGS INC COM	762	762
15 EQUITY LIFESTYLE PROPERTIES INC	909	909
11 EQUITY RESIDENTIAL	693	693
3 ESSEX PPTY TR	785	785
3 EVERCORE INC	1,021	1,021
848 EXELIXIS INC	37,168	37,168
182 EXPEDIA GROUP INC	51,562	51,562
12 EXPEDITORS INTL WASH INC	1,788	1,788
4 EXTRA SPACE STORAGE INC	521	521
322 EXXON MOBIL CORP	38,749	38,749
21 FIFTH THIRD BANCORP	983	983
16 FIRST AMERICAN FIN'L	983	983
18 FIRSTENERGY CORP COM	806	806
878 FLEX LTD	53,049	53,049
21 FRONTDOOR INC COM	1,211	1,211
161 GE AEROSPACE	49,593	49,593
13 GE HEALTHCARE TECHNOLOGIES INC.	1,066	1,066
46 GEN DIGITAL INC	1,251	1,251
8 GENERAC HOLDINGS INC	1,091	1,091
30 GENTEX CORP	698	698
58 GOLDMAN SACHS GROUP INC COM	50,982	50,982
14 H&R BLOCK INC	610	610
489 HALOZYME THERAPEUTICS INC	32,910	32,910
191 HANOVER INSURANCE GROUP, INC	34,909	34,909
56 HOME DEPOT INC COM	19,270	19,270
7 HOWMET AEROSPACE INC	1,435	1,435
106 HUNTINGTON BANCSHARES	1,839	1,839
4 ICON PLC PLC	729	729
3 INTERDIGITAL, INC	955	955
60 INTUITIVE SURGICAL INC	33,982	33,982
7 IQVIA HOLDINGS INC	1,578	1,578
5183 ISHARES CORE S&P 500 ETF	3,550,044	3,550,044
785 ISHARES CORE S&P SMALL-CAP ETF	94,341	94,341
9766 ISHARES MSCI EAFE ETF	937,829	937,829
2826 ISHARES MSCI EAFE SMALL CAP INDEX FD	219,100	219,100
5316 ISHARES MSCI EMR MRK EX CHINA ETF	386,367	386,367
872 ISHARES RUSSELL MIDCAP GROWTH ETF	119,412	119,412
2026 ISHARES S&P GLOBAL INFRASTRUCTURE ETF	124,315	124,315
1239 ISHARES S&P MID-CAP 400 GROWTH ETF	120,034	120,034
597 ISHARES S&P MID-CAP 400 VALUE ETF	78,559	78,559
3 ITT INC	521	521
4 JABIL INC	912	912
164 JP MORGAN CHASE & CO	52,844	52,844
10 KEYSIGHT TECHNOLOGIES INC	2,032	2,032
4 L3HARRIS TECHNOLOGIES INC	1,174	1,174
3 LABCORP HOLDINGS INC COM SHS	753	753
11 LAMAR ADVERTISING	1,392	1,392
11 LAMB WESTON HOLDING INC	461	461
6 LANDSTAR SYSTEMS	862	862
316 LEIDOS HOLDINGS INC	57,006	57,006
4 LINCOLN ELECTRIC HOLDINGS INC	959	959
31 LKQ CORP	936	936
5 LOUISIANA PACIFIC CORP	404	404
7 LPL FINANCIAL HOLDINGS, INC	2,500	2,500
3 LULULEMON ATHLETICA	623	623
10 MARATHON PETE CORP	1,626	1,626
1 MARKEL GROUP INC	2,150	2,150
2 MARRIOTT	620	620
26 MASCO CORP	1,650	1,650
40 MASTERBRAND INC	442	442
87 MASTERCARD INC	49,667	49,667
1374 MATTEL INC	27,260	27,260
1 MCKESSON CORP COM	820	820
155 META PLATFORMS INC	102,314	102,314
25 MICROCHIP TECHNOLOGY	1,593	1,593
182 MICRON TECHNOLOGY INC COM	51,945	51,945
550 MICROSOFT CORP CORPORATION	265,991	265,991
9 MSC INDUSTRIAL DIRECT INC	757	757
12 NETAPP INC	1,285	1,285
497 NETFLIX INC	46,599	46,599
4 NRG ENERGY INC	637	637
1605 NVIDIA CORP COM	299,333	299,333
27 OGE ENERGY CORP	1,153	1,153
9 OLD DOMINION FREIGHT LINES INC	1,411	1,411
8 PACKAGING CORP OF AMERICA	1,650	1,650
254 PALO ALTO NETWORKS, INC	46,787	46,787
1 PARKER HANNIFIN CORP	879	879
82 PERMIAN RESOURCES CORP CLASS A COM	1,150	1,150
6 PHILLIPS 66 66 COM	774	774
327 POST HOLDINGS	32,389	32,389
21 PRIMO BRANDS CORP.	343	343
19 QIAGEN NV	854	854
6 QNITY ELECTRONICS INC. COMM	490	490
5 QUEST DIAGNOSTICS INC	868	868
3 RALPH LAUREN CORP	1,061	1,061
37 RANGE RESOURCES CORP	1,305	1,305
12 RB GLOBAL INC COM NPV	1,234	1,234
17 REGENCY CENTERS CORP	1,174	1,174
5 RELIANCE INC.	1,444	1,444
3 RENAISSANCERE HOLDINGS LTD COM	843	843
23 RESIDEO TECHNOLOGIES INC	808	808
68 ROCKET COMPANIES INC COM CL A	1,316	1,316
6 ROSS STORES INC COM	1,081	1,081
121 RYDER SYSTEM	23,158	23,158
220 SEAGATE TECHNOLOGY HOLDINGS PLC	60,586	60,586
175 SERVICENOW	26,808	26,808
12 SIMON PROPERTY GROUP INC	2,221	2,221
142 SNAP ON INC	48,933	48,933
19 SOLVENTUM CORP.	1,506	1,506
21 SOMNIGROUP INTERNATIONAL INC COM	1,875	1,875
973 SPDR GOLD TR GOLD SHS	385,610	385,610
214 SPROUTS FARMERS MARKET INC	17,049	17,049
14 SS&C TECHNOLOGIES HLDG	1,224	1,224
3 STERIS PLC	761	761
10 STIFEL FINANCIAL CORP.	1,252	1,252
18 SYNCHRONY	1,502	1,502
17 SYSCO	1,253	1,253
142 T-MOBILE US INC	28,832	28,832
3 TE CONNECTIVITY PLC COM	683	683
44 TECHNIPFMC PLC	1,961	1,961
204 TENET	40,539	40,539
97 TESLA MOTORS	43,623	43,623
25 TEXTRON INC COM	2,179	2,179
5 THE CIGNA GROUP	1,376	1,376
252 TJX COS INC	38,710	38,710
130 TOLL BROTHERS INC	17,579	17,579
3 TOPBUILD CORP	1,252	1,252
3 TRAVELERS COMPANIES INC COM	870	870
7 TRINET GROUP INC	414	414
515 UBER TECHNOLOGIES INC	42,081	42,081
10 UFP INDUSTRIES INC COM	911	911
25 US FOODS HOLDING CORP	1,883	1,883
148 VALERO ENERGY CORP NEW COM	24,093	24,093
28 VALVOLINE INC	814	814
171 VEEVA SYSTEMS INC - CLASS A	38,172	38,172
23 VICI PROPERTIES INC COM	647	647
803 VIRTU FINANCIAL INC-CLASS A	26,756	26,756
152 VISA INC	53,308	53,308
253 VISTRA CORP COM	40,816	40,816
12 VONTIER CORPORATION COM	446	446
14 VOYA	1,043	1,043
333 WALMART INC INC	37,100	37,100
4 WATTS WATER TECHNOLOGIES	1,104	1,104
645 WELLS FARGO & CO NEW COM	60,114	60,114
4 WEX INC	596	596
6 WILLIAMS-SONOMA	1,072	1,072
9 WYNDHAM HOTELS & RESORTS INC	680	680
9 XCEL ENERGY INC.	665	665
5 YUM BRANDS INC COM	756	756
5 ZEBRA TECHNOLOGIES CORP	1,214	1,214
44268.558 AQR DIVERSIFYING STRAT-I	620,202	620,202
21147.982 BLACKROCK GLOB EQ MARK NEUTRAL F-IN	308,337	308,337
79736.174 BLACKROCK SYST MULTI STR INST	826,864	826,864
4904.966 COHEN & STEERS GL INFR-I	119,092	119,092
73822.039 DFA COMMODITY STRATEGY PORTFOLIO	343,272	343,272
54339.708 DFA EMERG MKTS EX CHINA CORE EQUITY	673,269	673,269
19943.918 FEDERATED HERMES INTL LEADERS CL IS	880,325	880,325
14332.776 FEDERATED HERMES MDT MARKET NEUTRAL CL IS	314,891	314,891
3087.075 FEDERATED HERMES MDT SMALL CAP CORE FUND INST #255	87,673	87,673
2827.768 T ROWE PRICE INTERNATIONAL DISCOVERY - I	212,281	212,281

- TIN:

TY 2025 InvestmentsGovtObligationsSch

Name:

THE BEN MAY CHARITABLE TRUST

HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE

EIN:

23-7145009

US Government Securities - End of Year Book Value:

3,998,095

US Government Securities - End of Year Fair Market Value:

3,998,095

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

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

- TIN:

TY 2025 InvestmentsOtherSchedule2

Name:

THE BEN MAY CHARITABLE TRUST

HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE

EIN:

23-7145009

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
TIMBERLANDS & MINERALS	FMV	17,757,502	17,757,502

- TIN:

TY 2025 OtherDecreasesSchedule

Name:

THE BEN MAY CHARITABLE TRUST

HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE

EIN:

23-7145009

Description	Amount
BOOK/TAX DIFFERENCE CAPITAL GAINS	186
RETURN OF CAPITAL ADJUSTMENT	1,607

- TIN:

TY 2025 OtherExpensesSchedule

Name:

THE BEN MAY CHARITABLE TRUST

HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE

EIN:

23-7145009

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
DUES	4,210	0	4,210
ROAD & TIMBER MAINTENANCE	106,821	106,821	0
INSURANCE	9,192	3,515	5,677
ADR FEES	25	25	0
APPRAISAL	4,849	0	4,849

- TIN:

TY 2025 OtherIncreasesSchedule

Name:

THE BEN MAY CHARITABLE TRUST

HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE

EIN:

23-7145009

Description	Amount
INCREASE (DECREASE) IN UNREALIZED GAINS	4,643,125

- TIN:

TY 2025 TaxesSchedule

Name:

THE BEN MAY CHARITABLE TRUST

HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE

EIN:

23-7145009

Category	Amount	Net Investment Income
REAL ESTATE TAXES	25,579	25,579
FOREIGN TAX	10,095	10,095
2025 EXCISE TAX ESTIMATES	12,000	0
2024 EXCISE EXTENSION	7,500	0