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
TA JOHN W AND ANNA H
HANES FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address) 480 SHEPHERD STREET
  Room/suite
City or town
WINSTON SALEM
State or province
NC
Country  
ZIP or foreign postal code
27103
A Employer identification number

56-6037589
B Telephone number (see instructions)

3367687230
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$54,585,378J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments 78,129 78,129  
4 Dividends and interest from securities... 901,944 896,550  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,797,560
b Gross sales price for all assets on line 6a 5,302,464
7 Capital gain net income (from Part IV, line 2)... 4,797,560
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........ 5,777,633 5,772,239  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,660     8,660
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
224,156 168,117   56,039
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
52,298 25,091    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,293 2,056   5,237
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 292,407 195,264   69,936
25 Contributions, gifts, grants paid....... 2,493,594 2,493,594
26 Total expenses and disbursements. Add lines 24 and 25 ................ 2,786,001 195,264   2,563,530
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,991,632
b Net investment income (if negative, enter -0-) 5,576,975
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,492 2,591 2,591
2 Savings and temporary cash investments......... 2,021,742 3,586,745 3,586,745
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) 1,305,617 Click to see attachment
List of Attached Documents:
// Content
2,586,617 		2,553,753
b Investments—corporate stock (attach schedule)....... 9,645,224 Click to see attachment
List of Attached Documents:
// Content
9,858,907 		47,848,806
c Investments—corporate bonds (attach schedule)....... 132,459 Click to see attachment
List of Attached Documents:
// Content
67,246 		71,851
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 706,122 Click to see attachment
List of Attached Documents:
// Content
703,182 		521,632
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) 13,813,656 16,805,288 54,585,378
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances 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........ 13,813,656 16,805,288
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 13,813,656 16,805,288
30 Total liabilities and net assets/fund balances (see instructions). 13,813,656 16,805,288
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
13,813,656
2
Enter amount from Part I, line 27a .....................
2
2,991,632
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
16,805,288
5
Decreases not included in line 2 (itemize)
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
16,805,288
Form 990-PF (2025)
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 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a CHARLES SCHWAB P    
b BROOKFIELD RENEWAL PARTNERS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,293,497   504,904 4,788,593
b 8,094     8,094
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       4,788,593
b       8,094
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,797,560
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3 4,788,593
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. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 77,520
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 77,520
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 77,520
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 24,800
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 52,720
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)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
NC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressJOHNANDANNAHANESFOUNDATION.ORG
14
The books are in care ofSALEM INVESTMENT COUNSELORS INC Telephone no. (336) 768-7230

Located at480 SHEPHERD STREETWINSTON SALEMNC ZIP+427103
15
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 ........
15
 
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)
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
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
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)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 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.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
F BORDEN HANES CO-TRUSTEE,
000.00 		0 0 0
480 SHEPHERD STREET
WINSTON SALEM,NC27103
RALPH H WOMBLE CO-TRUSTEE,
000.00 		0 0 0
480 SHEPHERD STREET
WINSTON SALEM,NC27103
DREWRY H NOSTITZ BOARD MEMBER
000.00 		0 0 0
480 SHEPHERD STREET
WINSTON SALEM,NC27103
MEADE H WILLIS BOARD MEMBER
000.00 		0 0 0
480 SHEPHERD STREET
WINSTON SALEM,NC27103
ROBERT LASSITER BOARD MEMBER
000.00 		0 0 0
480 SHEPHERD STREET
WINSTON SALEM,NC27103
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................  
Form 990-PF (2025)
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
SALEM INVESTMENT COUNSELORS INC INVESTMENT MGT 224,156
480 SHEPHERD STREET
WINSTONSALEM,NC27103
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
48,234,347
b
Average of monthly cash balances.......................
1b
2,171,557
c
Fair market value of all other assets (see instructions)................
1c
544,503
d
Total (add lines 1a, 1b, and 1c).......................
1d
50,950,407
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
50,950,407
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
764,256
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
50,186,151
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
2,509,308
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.)
1
Minimum investment return from Part IX, line 6..................
1
2,509,308
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
77,520
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
77,520
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,431,788
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,431,788
6
Deduction from distributable amount (see instructions) .................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,431,788
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
2,563,530
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,563,530
Form 990-PF (2025)
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 2,431,788
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 118,270
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2025 from Part
XI, line 4: $ 2,563,530
a Applied to 2024, but not more than line 2a 118,270
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		 
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		 
d Applied to 2025 distributable amount..... 2,431,788
e Remaining amount distributed out of corpus 13,472
5 Excess distributions carryover applied to 2025.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 13,472
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		13,472
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 .... 13,472
Form 990-PF (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 or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
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:
LYN WILLIAMS
480 SHEPHERD STREET
WINSTON SALEM
NC,NC27103
(336) 768-7230
LW@SALEMCOUNSEL.COM
bThe form in which applications should be submitted and information and materials they should include:
EMAIL COMPLETED GRANT APPLICATION ALONG WITH THE SUGGESTED ITEMS AS INDICATED ON THE GRANT APPLICATION.
cAny submission deadlines:
APPLICATIONS ARE ACCEPTED QUARTERLY ENDING MARCH 15, JUNE 15, SEPTEMBER 15, AND DECEMBER 15
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
AS SPECIFIED IN 'QUALIFICATIONS FOR GRANT CONSIDERATION' AT THE FOUNDATION WEBSITE - JOHNANDANNAHANESFOUNDATION.ORG
Form 990-PF (2025)
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)
aPaid during the year

A BED AND A BOOK

550 NORTH LIBERTY STREET
WINSTON SALEM,NC27101 		    ASSIST IN CONSTRUCTION PROJECT 35,000

ALLEGHANY JAM

PO BOX 1326
SPARTA,NC28675 		    HIGH SCHOOL FURNITURE 5,000

ARTS COUNCIL OF WINSTON SALEM

251 N SPRUCE STREET
WINSTON SALEM,NC27101 		    FACILITY UPGRADES 25,000

ATRIUM HEALTH WAKE FOREST BAPTIST

PO BOX 571021
WINSTON SALEM,NC27157 		    SUPPORT EYE INSTITURE 50,000

BOOKMARKS

634 WEST FOURTH STREET
WINSTON SLEM,NC27101 		    ANNUAL BOOK FESTIVAL 30,000

BROOKRIDGE RETIREMENT COMMUNITY

PO BOX 11024
WINSTON SALEM,NC27716 		    SUPPORT IMMEASURABLE MORE CAMPAIGN 40,000

CAMEL CITY TRACK FOUNDATION

100 N CHERRY STREET
WINSTON SALEM,NC27101 		    CAPITAL CAMPAIGN ASSISTANCE 25,000

CARING HOUSE

2625 PICKETT ROAD
DURHAM,NC27705 		    EXPAND CARING HOUSE FACILITY 10,000

CENTER FOR CREATIVE ECONOMY

500 W FIFTH STREET
WINSTON SALEM,NC27101 		    SUPPORT ENTREPRENEURIAL SUCCESS PROG 10,000

CHILDRENS CANCER PARTNERS

404 HUNT STREET
DURHAM,NC27701 		    FINANCIAL ASSISTANCE FOR LT CARE 10,000

CITY WITH DWELLINGS

PO BOX 20061
WINSTON SALEM,NC27120 		    SUPPORT STREET OUTREACH SERVICES 10,000

DREAM CENTER OF FORSYTH COUNTY

PO BOX 612
CLEMMONS,NC27012 		    SUPPORT PROPERTY UPFIT 50,000

DUKE DIVINITY SCHOOL

PO BOX 90966
DURHAM,NC27708 		    SUPPORT DITA25 EVENT 10,000

ECHO MINISTRY

PO BOX 12
ELKIN,NC28621 		    SUPPORT STREET OUTREACH PROGRAM 10,000

FAMILY SERVICES INC

1200 S BROAD STREET
WINSTON SALEM,NC27101 		    SUPPORT NEW DOMESTIC VIOLENCE SHELTE 70,000

FORSYTH FAIL & PRISON MINISTRY

PO BOX 11802
WINSTON SALEM,NC27116 		    REPLACE REENTRY CENTER FURNISHINGS 25,000

GATEWAY NATURE PRESERVE

PO BOX 21264
WINSTON SALEM,NC27116 		    EDUCATIONAL & WAYFINDING SIGNAGE 15,000

HORIZONS RESIDENTIAL CARE CENTER

101 HORIZON LANE
RURAL HALL,NC27045 		    HOPE ON THE HORIZONS COMPAIGN 50,000

HOSPICE AND PALLIATIVE CARE

101 HOSPICE LANE
WINSTON SALEM,NC27103 		    PROGRAM SUPPORT 60,000

IFB SOLUTIONS

7730 NORTH POINT BLVD
WINSTON SALEM,NC27106 		    LITERACY & ENRICHMENT ACTIVITIES 15,000

IMPRINT CARES

711 COLISEUM PLAZA COURT
WINSTON SALEM,NC27106 		    SUPPORT CENTER FOR THRIVING FAMILIY 50,000

JIM SHAW AVIATON CAREER EDUCATION

163 STRATFORD COURT
WINSTON SALEM,NC27103 		    SUPPORT AVIATION CAMP & STEM CLUB 10,000

KALEIDEUM

120 W THIRD STREET
WINSTON SALEM,NC27101 		    INTERACTIVE ART INSTALLATIONS 50,000

LIB FOR ALL FOUNDATION

1959 N PEACE HAVEN ROAD
WINSTON SALEM,NC27106 		    PROGRAM SUPPORT 50,000

MIRACLES IN SIGHT

3900 WESTPOINT BOULEVARD
SUITE F
WINSTON SALEM,NC27103 		    CAPITAL CAMPAIGN 60,000

MUSE

225 S LIBERTY STREET
WINSTON SALEM,NC27101 		    CAPITAL CAMPAIGN 83,334

NC DENTAL SOCIETY FOUNDATION

1600 EVANS ROAD
CARY,NC27513 		    ELKIN FREE DENTAL CLINIC 5,000

NC DENTAL SOCIETY FOUNDATION

1600 EVANS ROAD
CARY,NC27513 		    HIGH POINT FREE DENTAL CLINIC 10,000

NORTH CAROLINA ZOOLOGICAL SOCIETY

4403 ZOO PARKWAY
ASHEBORO,NC27205 		    CAPITAL CAMPAIGN FOR ASIA EXHIBIT 50,000

OLD SALEM MUSEUMS AND GARDENS

900 OLD SALEM ROAD
WINSTON SALEM,NC27101 		    MORTGAGE REDUCTION CAMPAIGN 50,000

PIEDMONT LAND CONSERVANCY

324 W WENDOVER AVENUE
GREENSBORO,NC27408 		    CREATE PUBLIC ACCESSIBLE PRESERVE 75,000

PIEDMONT OPERA

636 HOLLY AVENUE
WINSTON SALEM,NC27101 		    SUPPORT FREE CONCERT PROGRAM 15,000

RED FEATHER EQUINE SANCTUARY

5662 RURAL HALL ROAD
WINSTON SALEM,NC27105 		    SUPPORT CONSTRUCTION OF HAY BARN 20,000

RIVERRUN INTERNATIONAL FILM FESTIVA

301 N MAIN STREET
SUITE 2606
WINSTON SALEM,NC27101 		    FREE COMMUNITY PROGRAMMING 15,000

SALEM BAND

500 S CHURCH STREET
WINSTON SALEM,NC27101 		    SUPPORT FREE CONCERT SERIES 6,260

SECCA

750 MARGUERITE DRIVE
WINSTON SALEM,NC27106 		    HANES HOUSE RENOVATIONS 250,000

SENIOR SERVICES

2895 SHOREFAIR DRIVE NW
WINSTON SALEM,NC27105 		    PROGRAM SUPPORT 100,000

SOBER NOW

110 CROSS GATE COURT
WINSTON SALEM,NC27106 		    PAYING HOPE FORWARD PROJECT 5,000

SOUTHERN HIGHLAND CRAFT GUILD

PO BOX 9545
ASHEVILLE,NC28815 		    FACILITY RESTORATION 10,000

STOKES COUNTY ARTS COUNCIL

PO BOX 66
DANBURY,NC27016 		    HOLLINGSWORTH FIBER ARTS PROGRAM 5,000

SUMMIT SCHOOL

2100 REYNOLDA ROAD
WINSTON SALEM,NC27106 		    CONSTRUCTION OF SEED BUILDING 100,000

THE CONSERVATION FUND

77 VILCOM CENTER DRIVE
SUITE 340
CHAPERL HILL,NC27514 		    PROGRAM SUPPORT 20,000

UNC SCHOOL OF THE ARTS

1533 SOUTH MAIN STREET
WINSTON SALEM,NC27127 		    PURCHASE OF BUILDING 500,000

WESTERN YOUTH NETWORK

155 WYN WAY
BOONE,NC28607 		    FUND CONSTRUCTION OF YOUTH CENTER 50,000

WINSTON NET

PO BOX 30206
WINSTON SALEM,NC27130 		    UPGRADE COMPUTER LABS 50,000

WINSTON SALEM RESCUE MISSION

718 N TRADE STREET
WINSTON SALEM,NC27101 		    PURCHASE USED VEHICLE & SCISSOR LIFT 20,000

WINSTON STREET SCHOOL

630 W SIXTH STREET
WINSTON SALEM,NC27101 		    UPGRADE TECHNOLOGY 34,000

WINSTON SALEM TEACH

601 S MARTIN LUTHER KING
WINSTON SALEM,NC27110 		    INTER-INSTITUTIONAL COLLABORATION 75,000

YWCA OF WINSTON SALEM

315 S LIBERTY STREET
WINSTON SALEM,NC27101 		    BEST CHOICE CENTER PROGRAM SUPPORT 25,000

WSFC BOARD OF EDUCATION

475 CORPORATE SQUARE DR
WINSTON SALEM,NC27105 		    RJR MEMORIAL AUDITORIUM RENOVATIONS 50,000

YMCA OF NORTHWEST NC

301 N MAIN STREET
WINSTON SALEM,NC27101 		    GENERAL PROGRAM SUPPORT 80,000

YWCA OF WINSTON SALEM

315 S LIBERTY STREET
WINSTON SALEM,NC27101 		    SUPPORT HEALTH PARTNERSHIP PROGRAM 15,000
Total ................................. 3a 2,493,594
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
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
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 78,129  
4 Dividends and interest from securities ....     14 901,944  
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 4,797,560  
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) ..   5,777,633  
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,777,633
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
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

TY 2025 AccountingFeesSchedule
Name:
TA JOHN W AND ANNA H
 
HANES FOUNDATION
EIN:
56-6037589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES 8,660     8,660

TY 2025 InvestmentsCorpBondsSchedule
Name:
TA JOHN W AND ANNA H
 
HANES FOUNDATION
EIN:
56-6037589
Name of Bond End of Year Book Value End of Year Fair Market Value
BECTON DICKINSON 1.957 19,191 22,172
GEORGIA POWER 3.25 37,947 39,685
JPMORGAN CHASE 3.90    
UNITED HEALTHCARE GROUP 3.875 10,108 9,994

TY 2025 InvestmentsCorpStockSchedule
Name:
TA JOHN W AND ANNA H
 
HANES FOUNDATION
EIN:
56-6037589
Name of Stock End of Year Book Value End of Year Fair Market Value
ABB LTD 193,556 815,519
ABBOTT LABS 58,989 1,268,687
ABBVIE INC 49,735 1,827,920
ADVANCED MICRO DEVICE N 483,922 920,888
ALPHABET INC A 334,760 2,090,840
AMAZON.COM INC 881,159 1,338,756
APPLE INC 328,750 3,043,745
ASTERA LABS INC 183,646 332,720
BRISTOL MYERS SQUIBB 279,065 630,990
CANADIAN NATIONAL RR CO 84,638 1,049,194
CARRIER GLOABAL CORP 39,320 435,824
CATERPILLAR INC 155,537 2,291,480
COLGATE PALMOLIVE CO 47,100 1,052,309
CORNING INC 349,282 1,461,464
DUKE ENERGY HOLDING CORP 305,877 741,588
DUPONT DE NEMOURS INC 127,116 221,100
ELI LILLY AND CO 504,526 1,182,148
ENBRIDGE INC 358,185 382,640
GOLDMAN SACHS GROUP 446,249 2,031,369
GREEN BRICK PARTNERS 256,814 281,970
HOME DEPOT INC 149,720 1,971,005
INTL FLAVORS & FRAGANCES 299,940 334,120
INTUITIVE SURGICAL INC 203,873 413,443
JOHNSON & JOHNSON 222,292 1,717,892
JPMORGAN CHASE 352,894 3,175,800
KIMBERLY CLARK CORP 282,181 725,197
LENNAR CORP 256,758 205,600
MICROSOFT CORP 148,604 2,659,910
MONDELEZ INTERNATIONAL INC 316,087 773,268
NESTLE SA 293,475 424,754
NEXTERA 248,693 1,430,590
NVIDIA CORP 212,863 3,170,500
OTIS WORLDWIDE CORP 54,994 360,231
PEPISCO INC 127,406 1,210,017
PROCTER & GAMBLE CO 308,366 1,229,027
QNITY ELECTRONICS INC 182,150 224,538
RTX CORP 116,068 1,512,683
TEXAS INSTRUMENTS 146,685 1,335,873
THERMO FISHER SCIENTIFIC 467,632 1,573,207

TY 2025 InvestmentsGovtObligationsSch
Name:
TA JOHN W AND ANNA H
 
HANES FOUNDATION
EIN:
56-6037589
US Government Securities - End of Year Book Value:

2,586,617
US Government Securities - End of Year Fair Market Value:

2,553,753
State & Local Government Securities - End of Year Book Value:


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


 


TY 2025 InvestmentsOtherSchedule2
Name:
TA JOHN W AND ANNA H
 
HANES FOUNDATION
EIN:
56-6037589
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FEDERAL NATIONAL MTG ASSOC AT COST 513 486
HEALTHPEAK PROPERTIES (HCP INC) AT COST 473,854 271,350
BROOKFIELD RENEWABLE PARTNERS AT COST 228,815 249,796

TY 2025 OtherExpensesSchedule
Name:
TA JOHN W AND ANNA H
 
HANES FOUNDATION
EIN:
56-6037589
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
ADR FEES 595 595    
CHECK FEES 451     451
BOARD ADMINISTRATIVE 4,786     4,786
BROOKFIELD RENEWABLE PARTNERS 1,461 1,461    


TY 2025 OtherProfessionalFeesSchedule
Name:
TA JOHN W AND ANNA H
 
HANES FOUNDATION
EIN:
56-6037589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SALEM INVESTMENT COUNSELORS 224,156 168,117   56,039


TY 2025 TaxesSchedule
Name:
TA JOHN W AND ANNA H
 
HANES FOUNDATION
EIN:
56-6037589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD 25,091 25,091    
FEDERAL INCOME TAX 27,207