2025-04-23T14:22:53-04:00 2024-11-30 640853461 SUMMERS GREEN & LEROUX LLP 625 HIGHLAND COLONY PKWY STE 104 RIDGELAND MS 391578837 990 2023-12-01 582203211 ROBERT M HEARIN SUPPORT FOUNDATION ROBE 6013668363 400 WEST PARKWAY RIDGELAND MS 39157 MR MATTHEW L HOLLEMAN EXECUTIVE DIRECTOR 6013668363 2025-04-21 true DONALD F SUMMERS P00531568 6019820825 2025-04-21 2023 2025-03-06 01:10:19Z MR MATTHEW L HOLLEMAN PO BOX 16505 JACKSON MS 39236 87820102 false X N/A X 1995 MS TO PROVIDE SUPPORT THROUGH GRANTS TO SPECIFIED EDUCATIONAL INSTITUTIONS AND PUBLIC CHARITIES. 5 3 2 0 0 0 17066727 42335199 150 -207 17066877 42334992 13085407 12342042 0 143683 354398 0 0 916898 1464924 14145988 14161364 2920889 28173628 205626247 233774825 24431 -619 205601816 233775444 X TO PROVIDE SUPPORT THROUGH GRANTS TO SPECIFIED EDUCATIONAL INSTITUTIONS AND PUBLIC CHARITIES. false false 6310940 6310940 GRANTS TO UNIV OF MS FOR TEACHING, ENGINEERING, BUSINESS/ENTREPRENEURSHIP, SCIENCE/ADVANCED MANUFACTURING, & OTHER 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PERRY TRUSTEE 3.00 X 30000 0 0 MR EE LAIRD JR TRUSTEE 3.00 X 22500 0 0 MR ROBERT M HEARIN JR TRUSTEE 3.00 X 0 0 0 MS LAURIE HEARIN MCREE TRUSTEE 3.00 X 0 0 0 337208 1 false true false 11211910 11211910 75703998 904401 45485110 30218888 904401 31123289 31123289 OIL INCOME -207 -207 -207 42334992 42334992 12342042 12342042 337208 168604 168604 17190 8595 8595 23910 2391 21519 29775 14888 14887 1077683 1077683 11214 5607 5607 78917 39458 39459 6006 3003 3003 33405 18357 15048 CONSULTING 190160 95080 95080 SUPPLIES 5617 2808 2809 BANK CHARGES 3016 1508 1508 REPAIRS 2396 1198 1198 2825 1413 1412 14161364 12704952 1456412 0 615046 575382 2778 124 59225 10655 47267 48570 55465437 51372006 149495719 181778743 205626247 233774825 24431 -619 24431 -619 X 205601816 233775444 205601816 233775444 205626247 233774825 X 28173628 X false true X true false X X X 18 UNIVERSITY OF MISSISSIPPI 646001159 2 true 6310940 0 MISSISSIPPI STATE UNIVERISTY 646000819 2 true 3450336 0 MISSISSIPPI MUSEUM OF ART 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SECTION D, LINE 3 THE FOUNDATION AND THE SUPPORTED ORGANIZATIONS MEET ON A REGULAR BASIS AND THE SUPPORTED ORGANIZATIONS ARE CONSISTENTLY REMINDED OF THEIR SIGNIFICANT VOICE WITHIN THE FOUNDATION. THE FOUNDATION MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH ITS SUPPORTED ORGANIZATIONS THROUGH REGULAR MEETINGS BETWEEN THE FOUNDATION'S TRUSTEES AND OFFICERS OF THE SUPPORTED ORGANIZATIONS, DURING WHICH THEY DISCUSS THE SUPPORTED ORGANIZATIONS' NEEDS AND THE WAYS IN WHICH THE SUPPORTED ORGANIZATIONS WOULD LIKE THE FOUNDATION TO USE ITS INCOME AND INVEST ITS ASSETS. ADDITIONALLY, THE FOUNDATION'S TRUSTEES COMMUNICATE WITH AND SOLICIT INPUT FROM OFFICERS OF THE SUPPORTED ORGANIZATIONS REGARDING THE FOUNDATION'S INVESTMENTS AND PLANS FOR DISTRIBUTIONS, INCLUDING WITH RESPECT TO THE TIMING OF GRANT PAYMENTS, AND REGULARLY PROVIDES TIME, ACCESS, FINANCIALS, AND INVESTMENT INFORMATION TO THE SUPPORTED ORGANIZATIONS. PART V, SECTION B, LINE 1E THE DISCOUNT IS BEING APPLIED ON FOUR INVESTMENTS. AVG FMV SHARES TOTAL O/S % BEFORE DISCOUNT DISCOUNT % DISCOUNT GALAXIE CORPORATION 3,131 149,515 2.165% 92,077 8% 7,366 ATMOS ENERGY CORPORATION 700,000 158,726,100 0.4% 97,951,089 4.5% 4,407,799 TRUSTMARK CORPORATION 3,410,000 61,207,000 5.6% 108,535,574 10.0% 10,853,557 MISC OIL INTEREST 23,057 10.0% 2,306 TOTAL DISCOUNT 15,271,028 DISCOUNTS ARE APPLIED DUE TO THE LACK OF MARKETABILITY AND BLOCKAGE. DUE TO THE SIZE OF THE BLOCKS OF TRUSTMARK CORPORATION AND ATMOS ENERGY CORPORATION STOCK OWNED IN RELATION TO THE TOTAL SHARES OUTSTANDING, A LIQUIDATION OF SUCH SHARES IN A SHORT PERIOD OF TIME WOULD RESULT IN A PRICE LESS THAN FAIR MARKET VALUE. PART V, SECTION D, LINE 8 THE SUPPORT PROVIDED BY THE FOUNDATION TO ITS SUPPORTED ORGANIZATIONS IS DISTRIBUTED IN RESPONSE TO SPECIFIC REQUESTS FROM THE SUPPORTED ORGANIZATIONS, AND IS NECESSARY TO AVOID THE INTERRUPTION OR ELIMINATION OF PARTICULAR FUNCTIONS OR ACTIVITIES OF THE SUPPORTED ORGANIZATIONS. ADDITIONALLY, THE FOUNDATION'S TRUSTEES MEET WITH OFFICERS OF THE SUPPORTED ORGANIZATIONS ON A REGULARLY SCHEDULED BASIS AND ON A FREQUENT AD HOC BASIS, AS REQUESTED BY SUCH OFFICERS, TO DISCUSS THE FOUNDATION'S OPERATIONS AND INVESTMENTS, AND REGULARLY PROVIDE FINANCIAL AND INVESTMENT STATEMENTS TO THE SUPPORTED ORGANIZATIONS. 59225 10655 48570 48570 JP MORGAN T BILLS 22069952 C PIMCO INVESTMENTS TOT RET INST 19359087 C JP MORGAN INFRASTRUCTURE 15237929 C LONDON CO INVESTMENTS 11543555 C AGINCOURT INVESTMENTS 11404203 C RICHMOND INVESTMENTS 11400253 C T.ROWE PRICE 11183558 C BLACKSTONE 10668453 C PIMCO INCOME INSTITUTIONAL 9697243 C JP MORGAN INVESTMENTS EMERGING MKTS 8431382 C AMERICAN CORE REALTY 6915743 C PZENA INVESTMENT MGMT, LLC 6826352 C NEUBERGER BERMAN 6551770 C BLACKROCK 5142609 C GOLDEN TREE 5000000 C LOOMIS SAYLES 4852426 C DREYFUS INTERNATIONAL 4442279 C TRUSTMARK SAFEKEEP TBILLS 3911538 C TRUSTMARK TBILLS 3803444 C ACADIAN INTERNATIONAL EQUITY 3313910 C OIL & GAS PROPERTIES 22888 C UNPRODUCTIVE MINERAL ACREAGE 169 C 181778743 127993410 86709276 86709276 41284134 1077683 -26825 1050858 42334992 9009708 9009708 1077683 4073973 5151656 14161364 SCHEDULE D, PAGE 4, PART XI, LINE 4B CHANGE IN ACCRUED INTEREST -33,611 CHANGE IN ACCRUED DIVIDENDS 6,786 SCHEDULE D, PAGE 4, PART XII, LINE 4B ACCRUED GRANT EXPENSE 4,073,973 true ALCORN STATE UNIVERSITY PO BOX 359 LORMAN MS 39096 20000 SCHOLARSHIPS BELHAVEN UNIV 1500 PEACHTREE STREET JACKSON MS 39202 25000 EDUCATION BLUE MOUNTAIN COLLEGE 201 W MAIN STREET BLUE MOUNTAIN MS 38610 200000 SCHOLARSHIPS DELTA STATE UNIVERSITY 1003 W SUNFLOWER RD CLEVELAND MS 38733 503277 SCHOLARSHIPS JACKSON STATE UNIV PO BOX 18017 JACKSON MS 39217 50000 EDU & SCHOLARSHIPS MS COLLEGE PO BOX 4186 CLINTON MS 39058 100000 EDUCATION MS STATE UNIV PO BOX J MISSISSIPPI STATE MS 39762 3450336 EDUCATION MS UNIV FOR WOMEN 1100 COLLEGE ST COLUMBUS MS 39701 35000 EDUCATION RUST COLLEGE 150 RUST AVENUE HOLLY SPRINGS MS 38635 20000 SCHOLARSHIPS UNIV OF MS PO BOX 1848 UNIVERSITY MS 38677 6310940 EDU & SCHOLARSHIPS UNIV OF SOUTHERN MS 118 COLLEGE DRIVE HATTIESBURG MS 39406 394000 EDUCATION WILLIAM CAREY UNIV 498 TUSCAN AVE HATTIESBURG MS 39401 30000 EDUCATION MS MUSEUM OF ART 380 S LAMAR ST JACKSON MS 39201 895800 EXHIBITS & EDUCATION MILLSAPS COLLEGE 1701 N STATE ST JACKSON MS 39202 216689 EDUCATION MS VALLEY STATE UNIVERSITY 14000 HWY 82 W ITTA BENA MS 38941 20000 EDUCATION TOUGALOO COLLEGE 500 W COUNTY LINE ROAD TOUGALOO MS 39174 30000 EDUCATION MS OPERA PO BOX 1551 JACKSON MS 392151551 36000 EDUCATION SCHEDULE I, PAGE 1, PART I, LINE 2 FOLLOW-UP PROCEDURES REQUIRE GRANTEE TO NOTIFY GRANTOR WHEN FUNDS HAVE BEEN EXPENDED FOR DESIGNATED PURPOSES. ADDITIONALLY, THE FOUNDATION REQUIRES THE SUPPORTED ORGANIZATIONS ANNUALLY CERTIFY THE FUNDS ARE SPENT ACCORDING TO THEIR DESIGNATED PURPOSES OR THAT UNSPENT FUNDS AS OF THE YEAR END WILL BE SPENT ACCORDING TO THEIR DESIGNATED PURPOSES. X X false false false false false false false false false MR MATTHEW L HOLLEMAN EXECUTIVE DIRECTOR 150000 30000 180000 FORM 990, PAGE 2, PART III, LINE 4D TO MAKE GRANTS TO SPECIFIED EDUCATIONAL INSTITUTIONS AND PUBLIC CHARITIES. FORM 990, PAGE 6, PART VI, LINE 2 ROBERT M HEARIN JR LAURIE HEARIN MCREE TRUSTEE TRUSTEE SIBLINGS FORM 990, PAGE 6, PART VI, LINE 11B THE FOUNDATION HAS AN AUDIT COMMITTEEE OF TRUSTEES THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. THERE HAS BEEN NO CHANGE TO THIS PROCEDURE FROM THE PRIOR YEAR. THE FORM 990 IS SENT TO ALL THE TRUSTEES OF THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION PROCESS FOR THE TRUSTEES WAS SET BY THE CHANCERY COURT. TRUSTEES EMPLOYED A PROFESSIONAL COMPENSATION CONSULTANT TO ESTABLISH EMPLOYEE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B LAURIE MCREE, TRUSTEE, SERVES ON THE BOARD OF THE MISSISSIPPI MUSEUM OF ART. THE MISSISSIPPI MUSEUM OR ART IS A NAMED BENEFICIARY OF THE ROBERT M HEARIN SUPPORT FOUNDATION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AND GOVERNING DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION AT ITS OFFICES DURING REGULAR BUSINESS HOURS. ALL BENEFICIARIES ARE DELIVERED A COPY OF FORM 990, ANNUAL AUDITS, INTERIM FINANCIALS, AND A COMPLETE SET OF THE FOUNDATION'S GOVERNING DOCUMENTS. ROBERT M HEARIN FOUNDATION PO BOX 16505 JACKSON MS 392366505 646027443 GRANT MKG MS 501C3 PF COMMON TRU false false false false false false false false false false false false false false false false false false false false