Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 10-01-2017 , and ending 09-30-2018
Name of foundation
THE IRVING & JETT GROVES CHARITABLE
 
Number and street (or P.O. box number if mail is not delivered to street address)1306 MULBERRY ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MARTINSVILLE, VA24112
A Employer identification number

54-1961867
B Telephone number (see instructions)

(276) 666-3219
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,522,129J 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 bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 38,186 38,186  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 24,542
b Gross sales price for all assets on line 6a 266,909
7 Capital gain net income (from Part IV, line 2)... 24,542
8 Net short-term capital gain......... 0
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........ 62,728 62,728  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... 500     500
c Other professional fees (attach schedule).... 7,767 7,742   25
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 10,384 702   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... 4 4    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,655 8,448 0 525
25 Contributions, gifts, grants paid....... 70,000 70,000
26 Total expenses and disbursements. Add lines 24 and 25 88,655 8,448 0 70,525
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -25,927
b Net investment income (if negative, enter -0-) 54,280
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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 Savings and temporary cash investments......... 13,594 14,942 14,942
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet  
Less: allowance for doubtful accounts bullet0      
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)....... 268,072 Click to see attachment250,129 301,895
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,153,982 Click to see attachment1,144,638 1,205,292
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,435,648 1,409,709 1,522,129
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 bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,435,648 1,409,709
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)..... 1,435,648 1,409,709
30 Total liabilities and net assets/fund balances (see instructions). 1,435,648 1,409,709
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
1,435,648
2
Enter amount from Part I, line 27a .....................
2
-25,927
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,409,721
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
185
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,409,536
Form 990-PF (2019)
Form 990-PF (2019)
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 750. QWEST CORP PFD 6.125   2014-04-22 2017-10-13
b 800. CITIGROUP INC 7.125% PREFERRED   2014-04-24 2017-11-08
c 1277.74 DOUBLELINE TOTAL RETURN BOND FUND   2017-07-31 2017-11-08
d 53. GENERAL MOTORS CO   2017-07-27 2017-11-08
e 2478.15 METROPOLITAN WEST T/R BD-PLN   2017-07-31 2017-11-08
110. NOVARTIS AG   2017-07-27 2017-11-08
638.118 PIMCO REAL RETURN FUND-INST FUND # 122   2017-07-31 2017-11-08
10. ANTHEM INC COMMON   2017-07-27 2018-02-23
29. DISCOVER FINL SVCS   2017-07-27 2018-02-23
420. ISHARES MSCI EMERGING MKTS INDEX FUND   2017-07-27 2018-02-23
175. I SHARES EAFE INDEX FUND   2017-07-27 2018-02-23
168. CEF ISHARES TR S&P   2017-07-27 2018-02-23
238. KROGER CO   2017-07-27 2018-02-23
24. LOWES COMPANIES INCORPORATED   2017-09-12 2018-02-23
37. MAXIM INTEGRATED PRODUCTS INC COMON   2017-07-27 2018-02-23
80. QUALCOMM INC COMMON   2017-07-27 2018-02-23
40. ROBERT HALF INTL INC. COMMON   2017-07-27 2018-02-23
14. ACCENTURE PLC IRELAND SHS   2017-07-27 2018-02-23
37. ABBOTT LABORATORIES   2016-11-01 2018-05-31
24. ANALOG DEVICES INC   2018-02-23 2018-05-31
86. I SHARES EAFE INDEX FUND   2017-07-27 2018-05-31
57. KAR AUCTION SERVICES INC COMMON   2017-07-27 2018-05-31
23. MICROSOFT CORPORATION   2017-07-27 2018-05-31
25. NASDAQ INC COMMON   2017-07-27 2018-05-31
27. OCCIDENTAL PETE CORP   2012-04-27 2018-05-31
548.103 PIMCO PIMS FOREIGN BOND FUND   2017-11-08 2018-05-31
50. ROBERT HALF INTL INC. COMMON   2017-07-27 2018-05-31
11.855 VANGUARD 500 INDEX ADMIRAL FUND   2017-07-31 2018-05-31
27. MEDTRONIC PLC   2017-11-08 2018-05-31
.472 AT&T INC   2017-07-27 2018-06-29
6. ANTHEM INC COMMON   2017-07-27 2018-09-14
10. CVS CORP   2011-09-08 2018-09-14
33. CVS CORP   2018-02-23 2018-09-14
9. HONEYWELL INTERNATIONAL INC   2011-07-08 2018-09-14
255. I SHARES EAFE INDEX FUND   2017-07-27 2018-09-14
19. ISHARES RUSSELL MID CAP ETF   2017-07-27 2018-09-14
17. ISHARES RUSSELL MID CAP ETF   2018-02-23 2018-09-14
37. LOWES COMPANIES INCORPORATED   2017-09-12 2018-09-14
44. MERCK & CO INC   2017-07-27 2018-09-14
59. PFIZER INCORPORATED   2014-07-09 2018-09-14
24. QUALCOMM INC COMMON   2017-07-27 2018-09-14
9. SNAP ON INC FKA SNAP ON TOOLS   2018-05-31 2018-09-14
13. UNITED PARCEL SERVICE -CL B   2011-07-08 2018-09-14
44.188 VANGUARD 500 INDEX ADMIRAL FUND   2018-02-23 2018-09-14
33. VERIZON COMMUNICATIONS INC   2014-04-03 2018-09-14
28. WELLS FARGO COMPANY   2017-07-27 2018-09-14
(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 18,952   16,725 2,227
b 23,191   21,480 1,711
c 13,659   13,672 -13
d 2,206   1,898 308
e 24,905   24,886 19
9,090   9,348 -258
7,051   7,007 44
2,328   1,840 488
2,280   1,776 504
20,710   18,516 2,194
12,419   11,701 718
12,971   12,036 935
6,497   5,720 777
2,335   1,869 466
2,272   1,688 584
4,987   4,189 798
2,295   1,764 531
2,256   1,795 461
2,288   1,437 851
2,336   2,149 187
5,970   5,750 220
3,012   2,421 591
2,287   1,706 581
2,300   1,870 430
2,272   2,297 -25
5,898   5,887 11
3,191   2,205 986
2,971   2,707 264
2,333   2,093 240
15   16 -1
1,630   1,104 526
775   371 404
2,556   2,235 321
1,488   532 956
17,053   17,050 3
4,256   3,704 552
3,808   3,549 259
4,176   2,882 1,294
3,088   2,812 276
2,529   1,772 757
1,792   1,257 535
1,675   1,327 348
1,566   968 598
11,902   11,238 664
1,796   1,580 216
1,542   1,538 4
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,227
b       1,711
c       -13
d       308
e       19
      -258
      44
      488
      504
      2,194
      718
      935
      777
      466
      584
      798
      531
      461
      851
      187
      220
      591
      581
      430
      -25
      11
      986
      264
      240
      -1
      526
      404
      321
      956
      3
      552
      259
      1,294
      276
      757
      535
      348
      598
      664
      216
      4
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 24,542
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  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 70,500 1,380,500 0.051068
2017 63,400 1,245,384 0.050908
2016 62,673 1,245,963 0.050301
2015 58,200 1,153,446 0.050457
2014 48,673 963,016 0.050542
2
Total of line 1, column (d) .....................
2
0.253276
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.050655
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
1,522,917
5
Multiply line 4 by line 3......................
5
77,143
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
543
7
Add lines 5 and 6........................
7
77,686
8
Enter qualifying distributions from Part XII, line 4,.............
8
70,525
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
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 Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 1,086
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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 1,086
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 1,086
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 1,015
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,015
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 71
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet0 RefundedBullet 11 0
Part VII-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 Instructions
for 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. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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:
  • 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?................
    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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    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 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
    Yes
     
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbullet  
    14
    The books are in care ofbulletBRANCH BANKING & TRUST COMPANY Telephone no.bullet (276) 666-3219

    Located atbullet1 ELLSWORTH STREETMARTINSVILLEVA ZIP+4bullet24112
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, 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 bullet
    Part VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
     
     
    ........bullet
    c
    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 2019?.............
    1c
     
    No
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 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
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 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?......................
    b
    If "Yes," did it have excess business holdings in 2019 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 Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
     
    .........bullet
    c
    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).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    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?
    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? .................
    Part VIII
    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
    IRVING M GROVES III SECRETARY
    0     		0    
    3721 BRINKLEY AVENUE
    DALLAS,TX75201
    MATTIE G SHEPPARD PRESIDENT
    0     		0    
    6861 CHATHAM ROAD
    MARTINSVILLE,VA24112
    JETT G WOOD VICE-PRESIDENT
    0     		0    
    1306 MULBERRY ROAD
    MARTINSVILLE,VA24112
    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...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    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.............bullet0
    Part IX-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 IX-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.........................bullet  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    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
    63,857
    b
    Average of monthly cash balances.......................
    1b
    1,482,252
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,546,109
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,546,109
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    23,192
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,522,917
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    76,146
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    76,146
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    1,086
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,086
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    75,060
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    75,060
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    75,060
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    70,525
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    70,525
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    70,525
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 75,060
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 1,076
    b From 2015...... 2,133
    c From 2016...... 1,529
    d From 2017...... 2,162
    e From 2018...... 11,182
    fTotal of lines 3a through e........ 18,082
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 70,525
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 70,525
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 4,535 4,535
    (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 13,547
    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 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		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 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		13,547
    10 Analysis of line 9:
    a Excess from 2015.... 0
    b Excess from 2016.... 203
    c Excess from 2017.... 2,162
    d Excess from 2018.... 11,182
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2019, enter the date of the ruling....... bullet
     
    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 X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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, b, or c 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 X, 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 XV
    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).)
    NONE
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    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
    BASSETT HISTORICAL SOCIETY
    3964 FAIRYSTONE PARK
    BASSETT,VA24055     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    BOYS & GIRLS CLUB
    26 W CHURCH STREET
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,000
    CHARITY LEAGUE JETT GROVES
    P O BOX 3613
    MARTINSVILLE,VA24115     		N/A PUBLIC CHARITY SCHOLARSHIP 1,000
    CHARITY LEAGUE SUSTAINERS FUND
    P O BOX 3613
    MARTINSVILLE,VA24115     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,000
    CHILL
    24 CLAY STREET
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    CHRISTMAS CHEER
    P O BOX 540
    MARTINSVILLE,VA24114     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    DISABLED AMERICAN VETERANS
    P O BOX 14301
    CINCINNATI,OH14301     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    EDWARDS ADULT DAY CARE CENTER
    431 E COMMONWEALTH BLVD
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    FERRUM COLLEGE
    P O BOX 1000
    FERRUM,VA24088     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    FRIENDS OF LIBRARY
    P O BOX 3967
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    JEFFERSON SCHOLARS FOUNDATION
    112 CLARKE COURT
    CHARLOTTESVILLE,VA22903     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,000
    KIWANAS INTERNATIONAL
    3636 WOODVIEW TRACE
    INDIANAPOLIS,IN46268     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    MARTINSVILLE-HENRY CO CRIMESTOPPERS
    13 MOSS STREET
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    OMICRON DELTA KAPPA FOUNDATION
    224 MCLAUGHLIN ST
    LEXINGTON,KY24450     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 250
    PHI BETA KAPPA SOCIETY
    P O BOX 297269
    WASHINGTON,DC200777210     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 250
    PIEDMONT VIRGINIA DENTAL CLINIC
    407 STARLING AVE
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,000
    PREGNANCY CARE CENTER
    314 FAIRY STREET
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    RANDOLPH MACON COLLEGE GRIDIRON CLUB
    P O BOX 5005
    ASHLAND,VA23005     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    SAFETYNET INC
    P O BOX 4482
    MARTINSVILLE,VA24115     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    SALVATION ARMY
    P O BOX 551
    MARTINSVILLE,VA24114     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,000
    SMITH RIVER SPORTS COMPLEX
    1000 IRISBURG RD
    AXTON,VA24054     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,500
    THEATRE WORKS COMMUNITY PLAYERS
    P O BOX 3180
    MARTINSVILLE,VA24115     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,000
    VA MUSEUM OF NATURAL HISTORY
    21 STARLING AVENUE
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    VA STATE POLICE ASSOCIATION
    6944 FOREST HILLS
    RICHMOND,VA23225     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    BOY SCOUTS OF AMERICA
    P O BOX 7606
    ROANOKE,VA24019     		N/A PUBLIC CHARITY DAY OF SCOUTING 1,000
    CARLISLE SCHOOL ANNUAL FUND
    P O BOX 5388
    MARTINSVILLE,VA24115     		N/A PUBLIC CHARITY TECHNOLOGY 2,500
    FIRST UNITED METHODIST CHURCH
    ANNUAL GIVING
    146 EAST MAIN STREET
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 12,000
    GRACE NETWORK
    P O BOX 3902
    MARTINSVILLE,VA24115     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 2,000
    LONGWOOD UNIVERSITY SCHOLARSHIP
    201 HIGH STREET
    FARMVILLE,VA23909     		N/A PUBLIC CHARITY SCHOLARSHIP 5,000
    MARTINSVILLE CEMETERY ASSOCIATION
    P O BOX 246
    MARTINSVILLE,VA24114     		N/A CEMETERY ASSOCIATION ENDOWMENT 3,000
    NEW COLLEGE FOUNDATION SCHOLARSHIP
    191 FAYETTE STREET
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY SCHOLARSHIP 5,000
    PIEDMONT ARTS
    215 STARLING AVENUE
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 2,500
    PATRICK HENRY COMMUNITY COLLEGE
    645 PATRIOT AVENUE
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY SCHOLARSHIP 2,000
    RANDOLPH MACON COLLEGE PRES CLUB
    P O BOX 5005
    ASHLAND,VA23005     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,500
    RANDOLPH MACON COLLEGE SCHOLARSHIP
    P O BOX 5005
    ASHLAND,VA23005     		N/A PUBLIC CHARITY SCHOLARSHIP 5,000
    RED CROSS
    1081 SPRUCE STREET
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,500
    UNITED WAY OF MARTINSVILLE & HENRY CO
    P O BOX 951
    MARTINSVILLE,VA24114     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 6,500
    VFW POST 4637
    22 VERNON LANE
    AXTON,VA24054     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 250
    VIRGINIA SHERIFFS' INSTITUTE
    701 E FRANKLIN 706
    RICHMOND,VA23286     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    WHARTON SCHOOL OF BUSINESS FDATION
    3733 SPRUCE STREET
    PHILADELPHIA,PA19104     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 250
    YMCA ENDOWMENT FUND
    3 STARLING AVENUE
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    SPCA
    132 JOSEPH MARTIN HWY
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,500
    GATEWAY STREETSCAPE FDATION
    P O BOX 9
    COLLINSVILLE,VA24078     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 1,000
    GRANBERRY METHODIST CHURCH
    120 HATCHER FARM ROAD
    MARTINSVILLE,VA24112     		N/A PUBLIC CHARITY GENERAL OPERATING EXPENSES 500
    Total .................................bullet 3a 70,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-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 ...........     		         
    4 Dividends and interest from securities....     14 38,359  
    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 24,542  
    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)..   62,901  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    62,901
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-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 XVI-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 (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2019
    Name of the organization
    THE IRVING & JETT GROVES CHARITABLE
     
    Employer identification number

    54-1961867
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2
    Name of organization
    THE IRVING & JETT GROVES CHARITABLE
          		Employer identification number
    54-1961867
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    IRVING M GROVES JR
    1517 MULBERRY ROAD
     
    MARTINSVILLE, VA24112

    		$ 0


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 3
    Name of organization
    THE IRVING & JETT GROVES CHARITABLE
          		Employer identification number

    54-1961867
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 ABBOTT LABORATORIES $ 11,169 2018-04-06
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 4
    Name of organization
    THE IRVING & JETT GROVES CHARITABLE
          		Employer identification number

    54-1961867
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    THE IRVING & JETT GROVES CHARITABLE
    EIN:
    54-1961867
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 6,098 11,518
    ABBVIE INC 6,952 14,376
    ANTHEM INC 4,969 7,399
    AT&T INC 2,721 2,686
    ANALOG DEVICES INC 11,252 11,558
    CARNIVAL CORP 7,719 7,780
    CHUBB LTD 5,903 5,747
    CITIGROUP INC    
    CVS HEALTH CORP 6,207 11,178
    CROWN CASTLE INTL CORP 8,364 9,352
    DISCOVER FINANCIAL SERVICES 8,207 10,244
    ENBRIDGE INC 12,273 10,010
    GENERAL MOTORS CO 11,434 10,539
    HONEYWELL INTL INC 3,371 9,485
    JOHNSON & JOHNSON 5,015 9,948
    KAR AUCTION SERVICES INC 4,629 6,506
    KROGER CO    
    LOWE'S COMPANIES INC 7,223 9,989
    MAXIM INTEGRATED PRODUCT 5,519 6,823
    MEDTRONIC PLC 7,072 8,853
    MERCK & CO INC 9,265 10,712
    MICROSOFT CORP 4,006 6,176
    NASDAQ INC 6,939 7,636
    NIELSEN HLDGS PLC 8,828 7,689
    NOVARTIS A G ADR    
    OCCIDENTAL PETROLEUM CO 7,108 7,231
    OMNICOM GROUP 8,962 7,822
    PEPSICO INC 10,841 10,397
    PFIZER INC 5,828 8,550
    QUALCOMM INC 3,705 5,042
    QWEST CORP PFD    
    ROBERT HALF INTL INC 2,558 4,082
    SNAP-ON INC 6,043 7,528
    STARBUCKS CORP 11,271 11,652
    TIME WARNER INC    
    UNITED PARCEL SERVICES B 4,543 7,122
    VERIZON COMMUNICATIONS INC 9,594 10,838
    WELLS FARGO & CO 8,845 8,462
    ACCENTURE PLC IRELAND PLC CL A 7,438 9,872
    INVESCO LTD 9,427 7,093

    TY 2017 InvestmentsOtherSchedule2
    Name:
    THE IRVING & JETT GROVES CHARITABLE
    EIN:
    54-1961867
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DOUBLELINE TOTAL RETURN BOND F AT COST 54,982 53,232
    ISHARES MSCI EMERGING MRKTS AT COST 55,939 54,337
    ISHARES MSCI EAFE IND FD AT COST 230,343 234,226
    ISHARES RUSSELL MIDCAP IND FD AT COST 169,412 191,394
    ISHARES S&P SMALLCAP 600 IND F AT COST 73,287 83,750
    METROPOLITAN WEST T/R BD PLN AT COST 45,576 44,152
    NEUBERGER BERMAN STRATEGIC INC AT COST 25,078 24,244
    PIMCO REAL RETURN FUND INST      
    PGIM TOTAL RETURN BD AT COST 48,914 47,017
    STERLING CAP TOT RET BD FD AT COST 217,017 209,409
    VANGUARD 500 INDEX FD ADM SHS AT COST 224,090 263,531

    TY 2017 OtherDecreasesSchedule
    Name:
    THE IRVING & JETT GROVES CHARITABLE
    EIN:
    54-1961867
    Description Amount
    MISC ADJ/ROUNDING 60
    DIVIDEND PAID/ACCRUED 125