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
PHIL HARDIN FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address) 2750 NORTH PARK DRIVE
Room/suite

City or town
MERIDIAN

State or province
MS

Country

ZIP or foreign postal code
39305

A Employer identification number

64-6024940

B Telephone number (see instructions)

6014834282

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)$82,019,445J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,819,812		1,819,812	1,819,812
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,706,331
b	Gross sales price for all assets on line 6a 17,212,643
7	Capital gain net income (from Part IV, line 2)...			1,706,331
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........	3,526,143		3,526,143	1,819,812
13	Compensation of officers, directors, trustees, etc.	321,739		112,609	0	209,130
14	Other employee salaries and wages......	212,320		0	0	212,320
15	Pension plans, employee benefits.......	38,863		0	0	38,863
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	20,215	10,108	0	10,107
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	65,103	64,452	0	651
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	36,054	0	0	36,054
19	Depreciation (attach schedule) and depletion...		34,510	0	0
20	Occupancy..............	13,344		0	0	13,344
21	Travel, conferences, and meetings.......	25,706		10,282	0	15,424
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	33,436	0	0	33,436
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	801,290		197,451	0	569,329
25	Contributions, gifts, grants paid.......	4,488,612				4,488,612
26	Total expenses and disbursements. Add lines 24 and 25 ................	5,289,902		197,451	0	5,057,941
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,763,759
b	Net investment income (if negative, enter -0-)			3,328,692
c	Adjusted net income (if negative, enter -0-)...				1,819,812

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.............	55,478	1,809	1,809
	2	Savings and temporary cash investments.........	327,182	436,411	436,411
	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)
	b	Investments—corporate stock (attach schedule).......	59,058,086	List of Attached Documents: // Content 57,846,579	77,806,931
	c	Investments—corporate bonds (attach schedule).......	3,701,945	List of Attached Documents: // Content 3,128,643	3,247,875
	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 1,221,079
		Less: accumulated depreciation (attach schedule) 694,660	560,929	526,419	526,419
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	63,703,620	61,939,861	82,019,445
	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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	9,598,041	7,834,282
	29	Total net assets or fund balances (see instructions).....	63,703,620	61,939,861
	30	Total liabilities and net assets/fund balances (see instructions).	63,703,620	61,939,861

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

63,703,620

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

-1,763,759

Other increases not included in line 2 (itemize)

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

61,939,861

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) ..

61,939,861

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Securities Sold	2013-05-12	2025-12-31
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	17,212,643	15,506,312	1,706,331
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			1,706,331
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,706,331
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	0

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	46,269
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	46,269
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	46,269
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	18,803
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	18,803
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	1,167
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	28,633
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? ................

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 addressWWW.PHILHARDIN.ORG

The books are in care ofSHERYL FLOOD Telephone no. (601) 483-4282

Located at2750 NORTH PARK DRIVEMERIDIANMS ZIP+439305

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-)
ROBERT F WARD	PRESIDENT 8.00	80,973
2750 NORTH PARK DRIVE MERIDIAN,MS39305	PRESIDENT 8.00	80,973
RONNIE L WALTON	SECRETARY 6.00	66,383
2750 NORTH PARK DRIVE MERIDIAN,MS39305	SECRETARY 6.00	66,383
MARTIN DAVIDSON	TREASURER 6.00	66,383
2750 NORTH PARK DRIVE MERIDIAN,MS39305	TREASURER 6.00	66,383
KACEY BAILEY	DIRECTOR 4.00	27,000
2750 NORTH PARK DRIVE MERIDIAN,MS39305	DIRECTOR 4.00	27,000
MICHAEL VAN VECKHOVEN	DIRECTOR 4.00	27,000
2750 NORTH PARK DRIVE MERIDIAN,MS39305	DIRECTOR 4.00	27,000
CLAIR HUFF	DIRECTOR 4.00	27,000
2750 NORTH PARK DRIVE MERIDIAN,MS39305	DIRECTOR 4.00	27,000
DERRON RADCLIFF	DIRECTOR 4.00	27,000
2750 NORTH PARK DRIVE MERIDIAN,MS39305	DIRECTOR 4.00	27,000

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
LLOYD GRAY	EXECUTIVE DIRECTOR 40.00	151,004	11,325	0
2750 NORTH PARK DRIVE MERIDIAN,MS39305	EXECUTIVE DIRECTOR 40.00	151,004	11,325	0
SHERYL FLOOD	OFFICE MANAGER 30.00	61,316	4,599	0
2750 NORTH PARK DRIVE MERIDAIN,MS39305	OFFICE MANAGER 30.00	61,316	4,599	0






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

74,869,043

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

657,524

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

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

75,526,567

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

75,526,567

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

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

1,132,899

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

74,393,668

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

3,719,683

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

3,719,683

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

46,269

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

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

46,269

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

3,673,414

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

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

3,673,414

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

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

3,673,414

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) ..........

5,057,941

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. .......

5,057,941

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					3,673,414
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2025:
a From 2020......	608,776
b From 2021......
c From 2022......	718,411
d From 2023......	1,582,642
e From 2024......	1,758,669
f Total of lines 3a through e ........		4,668,498
4Qualifying distributions for 2025 from Part
XI, line 4: $ 5,057,941
a Applied to 2024, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions) .....			List of Attached Documents: // Content 0
c Treated as distributions out of corpus (Election required—see instructions) ........		0
d Applied to 2025 distributable amount.....					3,673,414
e Remaining amount distributed out of corpus		1,384,527
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		6,053,025
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 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...		608,776
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		5,444,249
10 Analysis of line 9:
a Excess from 2021 ....
b Excess from 2022 ....	718,411
c Excess from 2023 ....	1,582,642
d Excess from 2024 ....	1,758,669
e Excess from 2025 ....	1,384,527

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:

PHIL HARDIN FOUNDATION-LLOYD GRAY
2750 NORTH PARK DRIVE
MERIDIAN,MS39305
(601) 483-4282

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

CONTACT PHIL HARDIN FOUNDATION-LLOYD GRAY

cAny submission deadlines:

CONTACT PHIL HARDIN FOUNDATION-LLOYD GRAY

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

CONTACT PHIL HARDIN FOUNDATION-LLOYD GRAY

Form 990-PF (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
AFTERNOON ADVENTURE LEARNING CENTER 306 N MAIN STREET NEWTON,MS39345			AFTERSCHOOL AND SUMMER TUTORING PROGRAMS	10,000
BELL VOICES 25 BROADWAY NEW YORK,NY10004			JACKSON YOUTH NEWSROOM	25,000
BUT GOD MINISTRIES 404 FONTAINE PL 104 RIDGELAND,MS39157			JFC MONTESSORI	25,000
BASE CAMP CODING ACADEMY 802 CENTRAL STREET WATER VALLEY,MS38965			SUPPORT	75,000
COMMUNITY FOUNDATION FOR MS 119 S PRESIDENT STREET JACKSON,MS39201			MS STATEWIDE AFTERSCHOOL NETWORK	50,000
COMMUNITY FOUNDATION OF NORTHWEST MS 315 LOSHER ST 100 HERNANDO,MS38632			ADVANCED STEM ACCESS PROGRAM	100,000
EAST CENTER FOR EDUCATIONAL DEVELOPMENT INC 1000 HIGHWAY 19 N MERIDIAN,MS39307			EMCED-MSU COHORT LEADERSHIP INSTITUTE	15,000
EAST MS BUSINESS DEVELOPMENT CORPORATION PO BOX 790 MERIDIAN,MS39301			SCHOLARS & TECH MASTERS	25,000
MERIDIAN COMMUNITY COLLEGE FOUNDATION 910 HIGHWAY 19 NORTH MERIDIAN,MS39301			PRINCIPALS BOOTCAMP	50,000
EAST MS VETERANS FOUNDATION M STREET MERIDIAN,MS39307			BRONZE EAGLE STATUE	3,350
NEW DESTINY DAYCARE AND LEARNING ACADEMY 5721 5TH STREET MERIDIAN,MS39307			CAMP DESTINY AFTERSCHOOL & SUMMER	60,000
CENTER FOR THE STUDY OF THE AMERICAN SOUTH 410 E FRANKLIN STREET CHAPEL HILL,NC27514			BILL FERRIS LEGACY PODCAST	30,000
FREEDOM PROJECT NETWORK 120 DELTA AVE SUNFLOWER,MS38778			SITE PROGRAMMING ALUMNI SUCCESS & FREEDOM SUMMER COLLEGIATE PROGRAM	15,000
FRIENDS OF RUSSELL C DAVIS PLANETARIUM 201 E PASCAGOULA ST JACKSON,MS39201			CONSTRUCTION PROJECT	50,000
GREAT CITY MS FOUNDATION PO BOX 16976 JACKSON,MS39236			LAUDERDALE AND DELTA COUNTIES PROGRAMMING	75,000
HOPE VILLAGE FOR CHILDREN 2433 23RD AVENUE MERIDIAN,MS39301			EDUCATION DIRECTOR	15,000
ILLUMINATIONS CENTER FOR DYSLEXIA INC 302 17TH STREET MERIDIAN,MS39301			DYSLEXIA THERAPY SCHOLARSHIP FUND	20,000
JACKSON PUBLIC SCHOOL DISTRICT 662 S PRESIDENT STREET JACKSON,MS39201			EXCELLENCE FOR ALL	125,000
JIMMIE RODGERS FOUNDATION INC 1200 22ND AVENUE MERIDIAN,MS39301			EDUCATIONAL PROGRAMS AND ORGANIZATIONAL SUPPORT	25,000
JUANITA SIMS DOTY FOUNDATION 2675 RIGER RIDGE DRIVE JACKSON,MS39216			CHOOSE TO GROW	15,000
LAUDERDALE COUNTY SCHOOL DISTRICT PO BOX 5498 MERIDIAN,MS39302			ELL TEACHER	70,000
LAUREN ROGERS MUSEUM 565 N FIFTH AVENUE LAUREL,MS39440			OUTREACH ENDOWMENT	25,000
FLORIDA STATE UNIVERSITY FOUNDATION 325 W COLLEGE AVENUE TALLAHASSEE,FL32301			ADOLESCENT LITERACY IN MS	50,000
MERIDIAN COMMUNITY COLLEGE FOUNDATION 910 HIGHWAY 19 NORTH MERIDIAN,MS39307			PHIL HARDIN FOUNDATION HONORS COLLEGE; BEEP, ANNUAL SCHOLARSHIPS, PHIL HARDIN SCHOLARSHIPS, AND TUITION GUARANTEE ENDOWMENT	200,000
MERIDIAN HIGH SCHOOL DEPARTMENT OF THEATER 2320 32ND AVENUE MERIDIAN,MS39305			PRIDE OF THE SOUTH COLOR GUARD & DRUM MAJOR	1,000
MERIDIAN JUNIOR AUXILLARY PO BOX 3194 MERIDIAN,MS39301			READING IS FUNDAMENTAL AND TEACHER MINI GRANTS	8,500
MERIDIAN PUBLIC SCHOOL DISTRICT FOUNDATION 1019 25TH AVENUE MERIDIAN,MS39301			ANY GIVEN CHILD	75,000
MERIDIAN SYMPHONY ASSOCIATION PO BOX 2171 MERIDIAN,MS39302			COMMUNITY CHORDS PROGRAM	75,000
MILSAPS COLLEGE 1701 NORTH STATE STREET JACKSON,MS39210			PATHWAYS PROGRAM	100,000
HYLAND ACADEMY OF EXCELLENCE 202 HYLAND JOHN ALLEN STREET VICKSBURG,MS39180			FALL IN LOVE WITH EDUCATION AGAIN	20,000
MISSISSIPPI COLLEGE 200 CAPITOL STREET CLINTON,MS39056			EUDORA DOCUMENTARY	50,000
MISSISSIPPI EARLY CHILDHOOD ASSOCIATION PO BOX 703 JACKSON,MS39205			EMPOWERING EARLY EDUCATORS	5,425
MISSISSIPPI HUMANITIES COUNCIL INC 3825 RIDGEWOOD ROAD JACKSON,MS39211			MS HUMANTIES COUNCIL SPEAKER	20,000
MISSISSIPPI MUSEUM OF ART 380 S LAMAR STREET JACKSON,MS39201			THE 2ND & 3RD GRADE INITIATIVE	25,000
MISSISSIPPI STATE UNIVERSITY FOUNDATION PO BOX 6018 MISSISSIPPI STATE,MS39762			MENTAL/BEHAVIORAL HEALTH PROGRAM EXPANSION	200,000
MS ALLIANCE OF NONPROFITS 175 E CAPITOL ST SUITE 501 JACKSON,MS39201			MEMBERSHIP DUES AND OPERATING SUPPORT	75,000
MS ARTS AND ENTERTAINMENT CENTER 1901 FRONT STREET MERIDIAN,MS39301			SUSTAINED SUPPORT	300,000
MS ARTS COMMISSION 455 N LAMAR ST SUITE 2A JACKSON,MS39202			MS WHOLE SCHOOLS	50,000
MS BOOK FESTIVAL 400 HIGH STREET JACKSON,MS39201			MS BOOK FESTIVAL	60,000
MS CHILDRENS MUSEUM PO BOX 55409 JACKSON,MS39396			MERIDIAN SATELLITE LOCATION	450,000
LAUDERDALE COUNTY SCHOOL DISTRICT 301 46TH COURT MERIDIAN,MS39302			MASTERY CONNECT & RETHINK ED PROJECT	140,000
LAUDERDALE COUNTY SCHOOL DISTRICT 301 46TH COURT MERIDIAN,MS39302			PRE-K	200,000
NATIONAL CENTER OF EDUCATION AND THE ECONOMY 2445 M STREET NW WASHINGTON,DC32037			MS SUPERINTENDENT ACADEMY	125,000
NATIONAL FOLK FESTIVAL PO BOX 1333 JACKSON,MS39215			82ND NATIONAL FOLK FESTIVAL	40,000
PALMER HOME FOR CHILDREN 800 BALDWIN ROAD S LAKE CORMORANT,MS38641			PALMER SCHOOL OF ARTS, MUSIC, PE, LIBRARY & SCIENCE LAB INSTRUCT	20,000
PROGRAM OF RESEARCH & EVALUATION FOR PUBLIC SCHOOL 710 WILLIAM CAREY PARKWAY HATTIESBURG,MS39401			CEO LEADERSHIP ACADEMY	25,000
MERIDIAN COMMUNITY COLLEGE FOUNDATION 910 HIGHWAY 19 NORTH MERIDIAN,MS39301			BEEP	75,000
SPRING INITIATIVE PO BOX 1759 CLARKSDALE,MS38614			SPRING INITIATIVE	50,000
MERIDIAN COMMUNITY COLLEGE FOUNDATION 910 HIGHWAY 19 NORTH MERIDIAN,MS39301			TWO SCHOLARSHIPS	20,000
TRINITY DYSLEXIA CENTER 4223 POPLAR SPRINGS DRIVE MERIDIAN,MS39305			ANNUAL BUDGET	23,000
UNITED WAY OF EAST MS PO BOX 3219 MERIDIAN,MS39301			IMAGINATION LIBRARY	80,000
UNITED WAY OF NORTHEAST MS 454 E PRESIDENT ST TUPELO,MS38801			EARLY CHILDHOOD COALITION INSTRUCTIONAL COACH	26,000
WALTER ANDERSON MUSEUM OF ART 510 WASHINGTON AVENUE OCEAN SPRINGS,MS39564			NATURE BOUND	25,000
WE WILL GO 806 N FARISH STREET JACKSON,MS39202			WE WILL GO CAMP PROPOSAL	25,000
YOUTH MINISTRY 120 EUREKA STREET BATESVILLE,MS38606			SCARED STRAIGHT PROGRAM	5,000
MERIDIAN JUNIOR AUXILLARY PO BOX 3194 MERIDIAN,MS39303			READING IS FUNDAMENTAL	13,500
CHILDRENS FOUNDATION OF MS PO BO 55887 JACKSON,MS39296			4TH ANNUAL SUMMIT	15,000
CHILDRENS FOUNDATION OF MS PO BO 55887 JACKSON,MS39296			GENERAL OPERATING SUPPORT	50,000
MERIDIAN ART ASSOCIATION 628 25TH AVENUE MERIDIAN,MS39301			EXPANSION OF CULTURAL SERVICES & EDUCATION	100,000
MILLSAPS COLLEGE 1701 NORTH STATE STREET JACKSON,MS39210			SUMMER INTERNSHIP PROGRAM	73,492
MISSISSIPPI CHILDRENS MUSEUM 403 22ND AVENUE MERIDIAN,MS39301			LAUNCH INTO LEARNING	150,000
REGIONAL REHABILITATION CENTER 615 PEGRAM DRIVE TUPELO,MS38801			DYSLEXIA THERAPY	25,000
YOUTH OPPORTUNITIES UNLIMITED 626 MLK JR DRIVE MARKS,MS38646			YOU EARLY LEARNING ACADEMY	5,000
YOUTH MINISTRY 103-10 WOODLAND DRIVE BATESVILLE,MS38606			SCARED STRAIGHT PROGRAM	5,000
MERIDIAN RESTORATIONS FOUNDATION 905 MLK JR DRIVE MERIDIAN,MS39301			TREES OF CHRISTMAS	5,000
PARENTS FOR PUBLIC SCHOOLS 4915 I-55 N JACKSON,MS39206			PARENT ENGAGEMENT	71,040
THE MISSISSIPPI READING CLINIC 1417 LELIA DRIVE JACKSON,MS39216			MS READING CLINIT PILOT	100,000
THE NEA FOUNDATION FOR THE IMPROVEMENT OF EDUCATION 1201 16TH STREET NW WASHINGTON,DC20036			THE PATH AHEAD	44,000
OTHERS UNDER 5000 4817 NORTH PARK DRIVE MERIDIAN,MS39305			EDUCATIONAL SUPPORT	11,805
MIDTOWN PARNTERS 215 MCTYERE AVE JACKSON,MS39202			STEM FACILITY FINAL REPAIRS	5,000
UNIVERSITY PRESS OF MS INC 3825 RIDGEWOOD ROAD JACKSON,MS39211			A GENERATION FULL OF COURAGE	50,000
NEW STAGE 1100 CARLISLE ST JACKSON,MS39202			NEW STAGE THEATRE	25,000
DEEP SOUTH TODAY 750 WOODLANDS PARKWAY RIDGELAND,MS39157			EXPANDED EDUCATION REPORTING AT MS TODAY	64,500
THE PARENTS CAMPAIGN & RESEARCH EDUCATION FUND 222N PRESIDENT ST JACKSON,MS39201			STRENGTHENING PUBLIC EDUCATION	25,000
TEACH FOR AMERICA 299 S 9TH ST OXFORD,MS38655			INCREASING TFAS REGIONAL LEADERSHIP PIPELINE	25,000
TEACH PLANS 489 WINTHROP STREET MEDFORD,MA02155			DELTA CHANGE AGENT FELLOW	5,000
TRINITY DYSLEXIA CENTER 4223 POPLAR SPRINGS DRIVE MERIDIAN,MS39305			ANNUAL	23,000
UNIVERSITY OF SOUTHERN MS FOUNDATION 118 COLLEGE DR 5210 HATTIESBURG,MS39406			DE GRUMMON CHILDRENS LITERATURE COLLECTION	50,000
Total ................................. 3a				4,488,612

bApproved for future payment
BOYS AND GIRLS CLUBS OF CENTRAL MS INC 1450 W CAPITOL ST JACKSON,MS39203	LIFE AND WORKFORCE READINESS	450,000
BASE CAMP CODING ACADEMY 802 CENTRAL STREET WATER VALLEY,MS38965	SUPPORT	150,000
COMMUNITY FOUNDATION OF NORTHWEST MS 315 LOSHER ST 100 HERNANDO,MS38632	ADVANCED STEM ACCESS	50,000
HARRISBURG CULTURAL AND SOCIAL SERVICES CENTER INC 1800 W MAIN STREET TUPELO,MS38801	CREATIVE ARTS	20,000
MERIDIAN ART ASSOCIATION 628 25TH AVENUE MERIDIAN,MS39301	EXPERIENCING VISUAL ARTS	40,000
FOUNDATION FOR MS HISTORY PO BOX 571 JACKSON,MS39205	MARGARET ANN CRIGLER PARK	500,000
MERIDIAN PUBLIC SCHOOL DISTRICT 1019 25TH AVENUE MERIDIAN,MS39301	TEACHER MERIDIAN INCENTIVE GRANT	375,000
FOUNDATION FOR MS DOWNTOWN 308 EAST PEARL STREET JACKSON,MS39201	DOWNTOWN URBAN STUDIO	300,000
JACKSON STATE UNIVERSITY 1400 JOHN R LYNCH STREET JACKSON,MS39217	COUNT ME IN FUTURE MATH TEACHERS	150,000
MERIDIAN COMMUNITY COLLEGE FOUNDATION 910 HIGHWAY 19 NORTH MERIDIAN,MS39301	TUITION GUARANTEE ENDOWMENT	1,500,000
MERIDIAN COMMUNITY COLLEGE FOUNDATION 910 HIGHWAY 19 NORTH MERIDIAN,MS39301	BEEP	35,000
UNIVERSITY OF MS MEDICAL CENTER 2500 N STATE ST JACKSON,MS39216	MS BASE PAIR CONSORTIUM	2,500,000
BUT GOD MINISTRIES 404 FONTAINE PL 104 RIDGELAND,MS39157	JFC MONTESSORI	25,000
CHILDRENS FOUNDATION OF MS PO BOX 55887 JACKSON,MS39296	GENERAL OPERATING SUPPORT	50,000
JACKSON PUBLIC SCHOOL DISTRICT 662 S PRESIDENT STREET JACKSON,MS39201	COUNT ME IN FUTURE TEACHERS	300,000
JACKSON PUBLIC SCHOOL DISTRICT 662 S PRESIDENT STREET JACKSON,MS39201	EXCELLENCE FOR ALL	150,000
LAUDERDALE COUNTY SCHOOL DISTRICT 301 46TH COURT MERIDIAN,MS39302	PRE-K	236,250
LAUREN ROGERS MUSEUM 565 N FIFTH AVENUE LAUREL,MS39440	OUTREACH ENDOWMENT	25,000
MERIDIAN COMMUNITY COLLEGE FOUNDATION 910 HIGHWAY 19 NORTH MERIDIAN,MS39307	PHIL HARDIN FOUNDATION HONORS COLLEGE	400,000
MISSISSIPPI CHILDRENS MUSEUM 403 22ND AVENUE MERIDIAN,MS39301	LAUNCH INTO LEARNING	60,000
MISSISSIPPI CHILDRENS MUSEUM 403 22ND AVENUE MERIDIAN,MS39301	SATELLITE LOCATION IN MERIDIAN	350,000
MERIDIAN PUBLIC SCHOOL DISTRICT FOUNDATION PO BOX 3977 MERIDIAN,MS39301	ANY GIVEN CHILD	150,000
MISSISSIPPI STATEWIDE AFTERSCHOOL NETWORK 119 S PRESIDENT STREET JACKSON,MS39201	MS STATEWIDE AFTERSCHOOL	50,000
SPRING INITIATIVE 215 ELM AVENUE CLARKSDALE,MS38614	SPRING INITIATIVE	50,000
TRINITY DYSLEXIA CENTER 4223 POPLAR SPRINGS DRIVE MERIDIAN,MS39305	ANNUAL BUDGET	23,000
PARENTS FOR PUBLIC SCHOOLS 4915 I-55 N JACKSON,MS39206	PARENT ENGAGEMENT	144,080
MS ARTS AND ENTERTAINMENT CENTER 2155 FRONT STREET MERIDIAN,MS39301	SUSTAINED SUPPORT	2,700,000
DEEP SOUTH TODAY 750 WOODLANDS PARKWAY RIDGELAND,MS39157	EXPANDED EDUCATION REPORTING	135,500
MS STATE UNIVERSITY FOUNDATION 600 RUSSELL ST STARKVILLE,MS39759	EXPANSION	600,000
NATIONAL CENTER OF EDUCATION AND THE ECONOMY 2445 M ST NW WASHINGTON,DC20037	MS SUPERINTENDENT	100,000
THE PARENTS CAMPAIGN & RESEARCH EDUCATION FUND 1100 CARLISLE ST JACKSON,MS39201	STRENGTHENING PUBLIC EDUCATION	25,000
TEACH FOR AMERICA 299 S 9TH ST OXFORD,MS38655	INCREASING TFAS REGIONAL LEADERSHIP	50,000
UNIVERSITY OF SOUTHERN MS FOUNDATION 118 COLLEGE DR 5210 HATTIESBURG,MS39406	DE GRUMMON CHILDREN'S LITERATURE COLLECTION	50,000
Total ................................. 3b		11,743,830

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 ...........
4 Dividends and interest from securities ....			14	1,819,812
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,706,331
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		3,526,143	0

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

3,526,143

(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:

PHIL HARDIN FOUNDATION

EIN:

64-6024940

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	20,215	10,108	0	10,107

- TIN:

TY 2025 AppliedToPriorYearElection

Name:

PHIL HARDIN FOUNDATION

EIN:

64-6024940

Election:

THE FOUNDATION ELECTS TO USE EXCESS DISTRIBUTIONS AND CORPUS NEEDED TO SATISFY THE 2018 AND 2020 UNDISTRIBUTED INCOME.

- TIN:

TY 2025 InvestmentsCorpBondsSchedule

Name:

PHIL HARDIN FOUNDATION

EIN:

64-6024940

Name of Bond	End of Year Book Value	End of Year Fair Market Value
INVESTMENTS-BONDS	3,128,643	3,247,875

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

PHIL HARDIN FOUNDATION

EIN:

64-6024940

Name of Stock	End of Year Book Value	End of Year Fair Market Value
INVESTMENTS-STOCKS	57,846,579	77,806,931

- TIN:

TY 2025 OtherExpensesSchedule

Name:

PHIL HARDIN FOUNDATION

EIN:

64-6024940

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MISCELLANEOUS	4,974	0	0	4,974
PRINTING AND OFFICE	28,462	0	0	28,462

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

PHIL HARDIN FOUNDATION

EIN:

64-6024940

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PORTFOLIO FEES	65,103	64,452	0	651

- TIN:

TY 2025 TaxesSchedule

Name:

PHIL HARDIN FOUNDATION

EIN:

64-6024940

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAX	18,803	0	0	18,803
PAYROLL TAX	17,251	0	0	17,251