Equilibrium acidities and estimates of homolytic bond dissociation enthalpies (BDEs) in DMSO of the O–H bondsfor α‐tocopherol, 2,6‐di‐tert‐butylphenol, six 4‐substituted‐2,6‐di‐tert‐butylphenols, and ten related phenols are reported. The presence of a 2,6‐di‐tert‐butyl group in a phenol increases its acidity and makes substituent effects on the acidity caused by a para electron‐withdrawing group larger. The BDEs of the O–H bonds in 2,4,6‐tri‐tert‐butylphenol, 4‐methoxy‐2,6‐di‐tert‐butylphenol, 4‐methyl‐2,6‐di‐tert‐butylphenol and α‐tocopherol, estimated by combining their pKHA values with the oxidation potentials of the conjugate anions, Eox(A−), according to the equation BDE = 1·37pKHA + 23·1Eox(A−) + C have been found to agree to within 2 kcal mol−1 with literature values (1 kcal = 4·184 kJ). Introduction of 2,6‐di‐tert‐butyl groups into phenol and six 4‐substituted phenols weakens the O–H bonds by amounts ranging from 3·6 to 10·3 kcal mol−1. These effects are attributed to increases in ground‐state energies which introduce strains that are relieved when homolytic cleavage of the O–H bond forms an oxygen‐centered radical where the odd electron can be delocalized into the benzene ring.