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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
JOHN & DENISE GRAVES FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2929 CHICAGO AVENUE SOUTH 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55407
A Employer identification number

47-1300668
B Telephone number (see instructions)

(612) 389-9820
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$57,663,471J 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... 561,492 561,592  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,836,761
b Gross sales price for all assets on line 6a 4,645,563
7 Capital gain net income (from Part IV, line 2)... 2,265,570
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)....... Click to see attachment 0 220,782  
12 Total. Add lines 1 through 11........ 2,398,253 3,047,944  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 163,305 0   163,305
14 Other employee salaries and wages...... 477,998 0   477,998
15 Pension plans, employee benefits....... 100,938 0   101,500
16a Legal fees (attach schedule)......... Click to see attachment 11,620 0   11,620
b Accounting fees (attach schedule)....... Click to see attachment 55,081 27,541   41,145
c Other professional fees (attach schedule).... Click to see attachment 193,942 164,736   29,206
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 38,085 1,500   13,558
19 Depreciation (attach schedule) and depletion... 19,805 0  
20 Occupancy.............. 38,123 0   50,263
21 Travel, conferences, and meetings....... 13,190 0   12,668
22 Printing and publications.......... 484 0   484
23 Other expenses (attach schedule)....... Click to see attachment 216,319 118,040   181,735
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,328,890 311,817   1,083,482
25 Contributions, gifts, grants paid....... 2,615,600 2,617,600
26 Total expenses and disbursements. Add lines 24 and 25 3,944,490 311,817   3,701,082
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,546,237
b Net investment income (if negative, enter -0-) 2,736,127
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 149,347 7,543 7,543
2 Savings and temporary cash investments......... 6,498,415 2,544,375 2,544,375
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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 bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment203,233 203,233
b Investments—corporate stock (attach schedule)....... 33,297,011 Click to see attachment38,096,652 38,096,652
c Investments—corporate bonds (attach schedule)....... 4,695,682 Click to see attachment4,845,395 4,845,395
11 Investments—land, buildings, and equipment: basis bullet814,665
Less: accumulated depreciation (attach schedule) bullet   814,665 814,665 814,665
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,327,011 Click to see attachment10,973,562 10,973,562
14 Land, buildings, and equipment: basis bullet188,531
Less: accumulated depreciation (attach schedule) bullet95,219 113,117 93,312 93,312
15 Other assets (describe bullet) Click to see attachment29,512 Click to see attachment84,734 Click to see attachment84,734
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 54,924,760 57,663,471 57,663,471
Liabilities 17 Accounts payable and accrued expenses.......... 37,499 47,833
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) Click to see attachment74,000 Click to see attachment62,000
23 Total liabilities (add lines 17 through 22)......... 111,499 109,833
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........... 54,813,261 57,553,638
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........    
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)..... 54,813,261 57,553,638
30 Total liabilities and net assets/fund balances (see instructions). 54,924,760 57,663,471
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
54,813,261
2
Enter amount from Part I, line 27a .....................
2
-1,546,237
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,286,614
4
Add lines 1, 2, and 3 ..........................
4
57,553,638
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
57,553,638
Form 990-PF (2021)
Form 990-PF (2021)
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 PUBLICLY TRADED SECURITIES      
b CAPITAL GAIN (LOSS) PARTNERSHIPS P    
c CAPITAL GAIN DISTRIBUTIONS      
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 3,779,816   2,808,802 971,014
b 428,809     428,809
c 865,747     865,747
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       971,014
b       428,809
c       865,747
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 2,265,570
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
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 Bullet 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)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 38,032
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 38,032
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 21,051
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 41,051
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,019
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet3,019 RefundedBullet 11 0
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. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    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 2021 or the taxable year beginning in 2021? 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
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 addressbulletWWW.JDGRAVESFOUNDATION.ORG
    14
    The books are in care ofbulletWILLIAM G GRAVES Telephone no.bullet (612) 389-9820

    Located atbullet2929 CHICAGO AVENUE SOUTHMINNEAPOLISMN ZIP+4bullet55407
    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 2021, 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 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
    ........bullet
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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
     
     
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    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
    .........bullet
    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
    WILLIAM G GRAVES TRUSTEE/PRESIDENT
    40.00     		163,305 16,124 0
    2929 CHICAGO AVENUE S STE 100
    MINNEAPOLIS,MN55407
    JOHN E GRAVES TRUSTEE
    1.00     		0 0 0
    2929 CHICAGO AVENUE S STE 100
    MINNEAPOLIS,MN55407
    DENISE A GRAVES TRUSTEE
    1.00     		0 0 0
    2929 CHICAGO AVENUE S STE 100
    MINNEAPOLIS,MN55407
    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
    KYRRA RANKINE VICE PRESIDENT, POLI
    40.00     		97,160 18,346 0
    2929 CHICAGO AVENUE S STE 100
    MINNEAPOLIS,MN55407
    DESEANDRA SHEPPHEARD VICE PRESIDENT, CHIE
    40.00     		110,947 571 0
    2929 CHICAGO AVENUE S STE 100
    MINNEAPOLIS,MN55407
    CARLA GODWIN DIRECTOR OF OPERATIO
    40.00     		80,116 8,988 0
    2929 CHICAGO AVENUE S STE 100
    MINNEAPOLIS,MN55407
    JILLIAN STOCKMO DIRECTOR OF LEARNING
    40.00     		78,462 7,930 0
    2929 CHICAGO AVENUE S STE 100
    MINNEAPOLIS,MN55407
    COURTNEY KIERNAT EXECUTIVE DIRECTOR,
    30.00     		79,800 1,064 0
    2929 CHICAGO AVENUE S STE 100
    MINNEAPOLIS,MN55407
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    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
    GRAVES HOSPITALITY PROJECT MANAGEMENT 72,000
    1440 W 31ST STREET
    MINNEAPOLIS,MN55408
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    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
    50,743,089
    b
    Average of monthly cash balances.......................
    1b
    4,785,742
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    55,528,831
    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
    55,528,831
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    832,932
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    54,695,899
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,734,795
    Part X
    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 IX, line 6..................
    1
    2,734,795
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    38,032
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    39,299
    c
    Add lines 2a and 2b............................
    2c
    77,331
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,657,464
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,657,464
    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 XII, line 1 ...
    7
    2,657,464
    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, column (d), line 26 ..........
    1a
     
    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
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 2,657,464
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020...... 2,533,676
    f Total of lines 3a through e ........ 2,533,676
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,701,082
    a Applied to 2020, 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 2021 distributable amount..... 2,657,464
    e Remaining amount distributed out of corpus 1,043,618
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,577,294
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		3,577,294
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020.... 2,533,676
    e Excess from 2021.... 1,043,618
    Form 990-PF (2021)
    Form 990-PF (2021)
    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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    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, 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 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).)
    JOHN E GRAVES
    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 bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    LETTER OF INTENT ACCEPTED BY E-MAIL
    2929 CHICAGO AVENUE SOUTH SUITE 100
    MINNEAPOLIS,MN55407
    (612) 389-9820
    INFO@JDGRAVESFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    UNSOLICITED LETTERS OF INTEREST THAT ARE SUBMITTED FOLLOWING OUR GUIDELINES WILL BE READ AS THE FOUNDATION STAFF IS ABLE. PROPOSALS SELECTED BY FOUNDATION STAFF FOR APPROVAL WILL BE REVIEWED AT SUBSEQUENT BOARD MEETINGS.
    cAny submission deadlines:
    NONE/OPEN APPLICATION PROCESS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE GRAVES FAMILY FOUNDATION FUNDS FALL INTO THREE CATEGORIES: 1. EDUCATION - K-12 FOCUSED ORGANIZATIONS, SCHOOLS, AND SCHOOL SYSTEMS ON A PATH TO CREATING STRONG, STABLE, WELL-GOVERNED SCHOOLS AND SCHOOL SYSTEMS, AND MAKING POSITIVE CHANGES. 2. YOUTH POWER BUILDING - ORGANIZATIONS THAT PROVIDE SUPPORT, LEADERSHIP DEVELOPMENT, AND HOLISTIC MENTORSHIP TO UNDERSERVED YOUTH AS THEY LEAVE THE K-12 SYSTEM AND BEGIN THEIR JOURNEY TO ADULTHOOD, AND THOSE THAT WORK TOWARDS BETTERING YOUTH-INVOLVED SYSTEMS AND ENTITLEMENTS. 3. COMMUNITY ORGANIZATIONS THAT WORK TO MAINTAIN THE CULTURAL VIBRANCE AND DIVERSITY OF EAST LAKE STREET. THE GRAVES FAMILY FOUNDATION DOES NOT FUND GRANTS TO INDIVIDUALS; FOR SACRAMENTAL OR THEOLOGICAL FUNCTIONS OF RELIGIOUS ORGANIZATIONS; FOR ANNUAL FUNDRAISING EVENTS; TO ENDOWMENTS; FOR PROPAGANDIZING, INFLUENCING LEGISLATION, AND/OR ELECTIONS, PROMOTING VOTER REGISTRATION, FOR POLITICAL CANDIDATES, POLITICAL CAMPAIGNS, OR FOR LITIGATION.
    Form 990-PF (2021)
    Form 990-PF (2021)
    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
    THE MINNEAPOLIS FOUNDATION
    800 IDS CENTER 80 SOUTH 8TH ST
    MINNEAPOLIS,MN55402     		NONE PC EDUCATION 200,000
    AFGHAN IMMIGRANT VIA MINNESOTA COUNCIL ON FOUNDATIONS
    800 N WASHINGTON AVE STE 703
    MINNEAPOLIS,MN55401     		NONE PC RAPID RESPONSE 10,000
    AUGSBURG COLLEGE
    2211 RIVERSIDE AVE CB 308
    MINNEAPOLIS,MN55454     		NONE PC EDUCATION 40,000
    BENILDE-ST MARGARET
    2501 HIGHWAY 100 S
    ST LOUIS PARK,MN55416     		NONE PC EDUCATION 124,600
    BLACK ENTREPRENEURS STATE FAIR
    3116 83RD AVE NORTH
    MINNEAPOLIS,MN55443     		NONE PC STAFF DISCRETIONARY 1,000
    POWDERHORN PARK NEIGHBORHOOD ASSOC
    821 E 35TH ST
    MINNEAPOLIS,MN55407     		NONE PC COVID-19 RESPONSE 44,000
    CAMDEN PLACE RR
    4656 N COLFAX AVE
    MINNEAPOLIS,MN55412     		NONE PC RAPID RESPONSE 5,000
    CAMINO RR VIA PANGEA WORLD THEATER
    711 W LAKE ST STE 101
    MINNEAPOLIS,MN55408     		NONE PC RAPID RESPONSE 42,500
    CENTRO
    1915 CHICAGO AVE S
    MINNEAPOLIS,MN55404     		NONE PC COVID-19 RESPONSE 50,000
    CHAPIN HALL CENTER FOR CHILDREN
    1313 EAST 60TH ST
    CHICAGO,IL60637     		NONE PC YOUTH DEVELOPMENT 100,000
    CIRCLE OF DISCIPLINE
    8019TH STREET SE
    MINNEAPOLIS,MN55407     		NONE PC YOUTH DEVELOPMENT 30,000
    CLOSEKNIT
    1007 WEST BROADWAY AVE
    MINNEAPOLIS,MN55411     		NONE PC HOUSING 25,000
    COALITION OF ASIAN AMERICAN LEADERS
    941 LAFOND SUITE 205
    ST PAUL,MN55104     		NONE PC EDUCATION 50,000
    CONFLUENCE VIA THIRD RAIL
    1237 4TH ST NE
    MINNEAPOLIS,MN55413     		NONE PC COMMUNITY 20,000
    CONNECTIONS TO INDEPENDENCE
    310 E 38TH ST STE 300
    MINNEAPOLIS,MN55409     		NONE PC HOUSING 20,000
    COW TIPPING PRESSRL
    509 BROADWAY STREET NE 2
    MINNEAPOLIS,MN55413     		NONE PC COMMUNITY 2,500
    UMN FOUNDATION
    200 SE OAK ST
    MINNEAPOLIS,MN55414     		NONE PC COVID-19 RESPONSE 10,000
    ED ALLIES
    1621 E HENNEPIN AVE SUITE 295
    MINNEAPOLIS,MN55414     		NONE PC EDUCATION 50,000
    EDUCATORS FOR EXCELLENCE
    80 PINE ST FLOOR 28
    NEW YORK,NY10018     		NONE PC EDUCATION 50,000
    FIRST COVENANT CHURCH
    810 SOUTH 7TH ST
    MINNEAPOLIS,MN55415     		NONE PC STAFF DISCRETIONARY 5,000
    FOSTER ADVOCATES
    2233 UNIVERSITY AVE W 235
    ST PAUL,MN55114     		NONE PC YOUTH DEVELOPMENT/COVID RESPONSE 55,000
    FRIENDS OF HENNEPIN COUNTY LIBRARY
    300 NICOLLET MALL
    MINNEAPOLIS,MN55401     		NONE PC YOUTH DEVELOPMENT 15,000
    FRIENDS OF SOUTH HIGH
    3131 19TH AVE SOUTH
    MINNEAPOLIS,MN55407     		NONE PC STAFF DISCRETIONARY 1,000
    FRIENDS OF THE MIDTOWN GLOBAL MARKET VIA NEIGHBORHOOD DEVELOPMENT CENTER
    920 E LAKE ST G10
    MINNEAPOLIS,MN55407     		NONE PC COMMUNITY 50,000
    FUTURE NOWRL VIA PANGEA WORLD THEATER
    711 W LAKE ST STE 101
    MINNEAPOLIS,MN55408     		NONE PC COMMUNITY 5,000
    GREAT MINNESOTA SCHOOLS
    1330 LAGOON AVENUE
    MINNEAPOLIS,MN55408     		NONE PC EDUCATION 50,000
    GREAT MINNESOTA SCHOOLS COMMUNITY TRANSLATION SERVICES
    1330 LAGOON AVENUE
    MINNEAPOLIS,MN55408     		NONE PC EDUCATION 5,000
    HEADING HOME FUNDERS COLLABORATIVE
    332 MINNESOTA ST STE 1650-W
    ST PAUL,MN55101     		NONE PC HOUSING 65,000
    HEADING HOME FUNDERS COLLABORATIVE VIA SAINT PAUL FOUNDATION
    101 FIFTH ST E STE 2400
    ST PAUL,MN55101     		NONE PC HOUSING 10,000
    HENNEPIN HEALTH FOUNDATION
    701 PARK AVE LSB-3
    MINNEAPOLIS,MN55415     		NONE PC COVID-19 RESPONSE 100,000
    HIRED
    217 FIFTH AVENUE N STE 300
    MINNEAPOLIS,MN55401     		NONE PC COVID-19 RESPONSE 50,000
    HOPE COMMUNITY
    611 E FRANKLIN AVE
    MINNEAPOLIS,MN55404     		NONE PC YOUTH DEVELOPMENT 50,000
    INNERCITY TENNIS FOUNDATION
    4005 NICOLLET AVE
    MINNEAPOLIS,MN55409     		NONE PC STAFF DISCRETIONARY 1,000
    LAKE ST TRUTH COLLECTIVE VIA LATINO ECONOMIC DEVELOPMENT CENTER
    804 MARGARET ST
    MINNEAPOLIS,MN55106     		NONE PC COMMUNITY 20,000
    LAKE ST TRUTH COLLECTIVEUPROAR VIA PANGEA WORLD THEATER
    711 W LAKE ST STE 101
    MINNEAPOLIS,MN55408     		NONE PC COMMUNITY 5,000
    LARRY MCKENZIE ACADEMIC & LIFE SKILL CENTER
    1500 MORRGAN AVE N
    MINNEAPOLIS,MN55411     		NONE PC YOUTH DEVELOPMENT 40,000
    LATINOLEAD
    797 EAST 7TH STREET STE 165
    ST PAUL,MN55106     		NONE PC EDUCATION 25,000
    LEE CARLSON CENTER
    7954 UNIVERSITY AVE NE
    FRIDLEY,MN55432     		NONE PC YOUTH DEVELOPMENT 40,000
    LIFEWORKS SERVICES INC
    2965 LONE OAK DR STE 160
    EAGAN,MN55121     		NONE PC VALUES-ALIGNED DISCRETIONARY 5,000
    MEXICO IN MINNEAPOLIS VIA CITY OF MINNEAPOLIS
    350 SOUTH 5TH ST RM M323
    MINNEAPOLIS,MN55419     		NONE PC COMMUNITY 47,000
    MIGIZI
    3017 27TH AVE S
    MINNEAPOLIS,MN55406     		NONE PC YOUTH DEVELOPMENT 30,000
    MN ALLIANCE WITH YOUTH
    1400 VAN BUREN STREET 200-223
    MINNEAPOLIS,MN55413     		NONE PC EDUCATION 40,000
    MN ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS
    40 S 7TH STREET SUITE 212 PMB 119
    MINNEAPOLIS,MN55402     		NONE PC EDUCATION 50,000
    NEW LEADERS COUNCIL
    1050 CONNECTICUT AVE NW STE 66004
    WASHINGTON,DC20035     		NONE PC STAFF DISCRETIONARY 1,000
    NORTHPOINT HEALTH & WELLNESS
    1256 N PENN AVE STE 5300
    MINNEAPOLIS,MN55411     		NONE PC COVID-19 RESPONSE 10,000
    OFFICE OF BLACK STUDENT ACHIEVEMENT VIA ACHIEVEMPLS
    2829 UNIVERSITY AVE SOUTHEAST STE
    850
    MINNEAPOLIS,MN55414     		NONE PC STAFF DISCRETIONARY 1,000
    PANGEA WORLD THEATER DIA DE LOS MUERTOS
    711 W LAKE ST STE 101
    MINNEAPOLIS,MN55408     		NONE PC COMMUNITY 75,000
    PHILANTHROPIC COLLECTIVE TO COMBAT ANTI-BLACKNESS
    2314 UNIVERSITY AVE W STE 18
    ST PAUL,MN55114     		NONE PC YOUTH DEVELOPMENT 50,000
    PILLSBURY UNITED COMMUNITIES
    3650 FREMONT AVE N
    MINNEAPOLIS,MN55414     		NONE PC EDUCATION 40,000
    POWDERHORN PARK NEIGHBORHOOD ASSOCIATION
    821 E 35TH ST
    MINNEAPOLIS,MN55407     		NONE PC COVID-19 RESPONSE 20,000
    POWDERHORN PARK NEIGHBORHOOD ASSOCIATION RL PROJECT
    821 E 35TH ST
    MINNEAPOLIS,MN55407     		NONE PC COMMUNITY 5,000
    PROJECT FOR PRIDE IN LIVING
    1035 E FRANKLIN AVE
    MINNEAPOLIS,MN55404     		NONE PC YOUTH DEVELOPMENT/COVID RESPONSE 100,000
    REALMPLS RR VIA GOBI SUPPORT
    100 S FIFTH ST STE 1900
    MINNEAPOLIS,MN55402     		NONE PC RAPID RESPONSE 5,000
    RELENTLESS ACADEMY
    6066 SHINGLE CREEK PKWY
    BROOKLYN CENTER,MN55430     		NONE PC RAPID RESPONSE 5,000
    ROBBINSDALE EDGEWOOD VIA CULTIVATE KNOWLEDGE INC
    PO BOX 1028
    PRENTISS,MS39474     		NONE PC EDUCATION 50,000
    ROOSEVELT HIGH SCHOOL
    4029 S 28TH AVE
    MINNEAPOLIS,MN55406     		NONE GOV STAFF DISCRETIONARY 1,000
    SAFEMN
    3751 VINCENT AVE N
    MINNEAPOLIS,MN55412     		NONE PC YOUTH DEVELOPMENT 15,000
    SAM B ERO-PHILLIPSRL VIA PILLSBURY UNITED COMMUNITIES
    3650 FREMONT AVE N
    MINNEAPOLIS,MN55412     		NONE PC COMMUNITY 5,000
    SANNEH FOUNDATION
    1276 UNIVERSITY AVE W
    ST PAUL,MN55104     		NONE PC STAFF DISCRETIONARY 5,000
    SCHOOL TRANSFORMATIVE COLLECTIVE VIA OSPREY WILDS ELC
    54165 AUDUBON DR PO BOX 530
    SANDSTONE,MN55072     		NONE PC EDUCATION 25,000
    SISTAS HELPING IN NEIGHBORHOODS EVERYWHERE
    1252 VIRGINIA ST
    ST PAUL,MN55117     		NONE PC STAFF DISCRETIONARY 1,000
    THE LINK
    1210 GLENWOOD AVE STE 1
    MINNEAPOLIS,MN55405     		NONE PC HOUSING/COVID RESPONSE 300,000
    THREAD OUR PEOPLE
    5937 EMERSON AVE NORTH
    MINNEAPOLIS,MN55430     		NONE PC STAFF DISCRETIONARY 1,000
    VOICES FOR RACIAL JUSTICE
    2525 EAST FRANKLIN AVE STE 301
    MINNEAPOLIS,MN55406     		NONE PC EDUCATION 42,000
    WEISMAN ART MUSEUMRL VIA UNIVERSITY OF MINNESOTA FOUNDATION
    PO BOX 860266
    MINNEAPOLIS,MN55486     		NONE PC COMMUNITY 5,000
    WESTERN KENTUCKY RELIEF FUND
    229 W MAIN ST STE 400
    FRANKFORT,KY40601     		NONE PC RAPID RESPONSE 10,000
    WHY YOU
    60 SOUTH 6TH ST STE 2800
    MINNEAPOLIS,MN55402     		NONE PC YOUTH DEVELOPMENT 40,000
    YOUTHPRISE
    3001 BROADWAY ST NE STE 330
    MINNEAPOLIS,MN55413     		NONE PC YOUTH DEVELOPMENT 140,000
    CRISTO REY JESUIT HIGH SCHOOL
    2924 4TH AVENUE S
    MINNEAPOLIS,MN55408     		NONE PC EDUCATION 25,000
    METROPOLITAN STATE UNIVERSITY FOUNDATION
    700 7TH ST E
    ST PAUL,MN55106     		NONE PC EDUCATION 2,000
    Total .................................bullet 3a 2,617,600
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    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 ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,836,761  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS INCOME     		    01    
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 2,398,253 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,398,253
    (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 (2021)
    Form 990-PF (2021)
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 55,081 27,541   41,145

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CARLISLE COS INC NTS B/E 25,459 25,459
    TOTAL SYS SERVICES IN 138,099 138,099
    FORTUNE BRANDS HOME & SE 102,679 102,679
    WABTEC NTS B/E 55,009 55,009
    CENTURYLINK INC NTS B/E 129,210 129,210
    CONAGRA BRANDS INC NTS 92,591 92,591
    BECTON DICKINSON & CO 14,660 14,660
    KLA-TENCOR CORP NTS B/E 135,544 135,544
    CDW LLC/CDW FIN CORP 133,686 133,686
    BECTON DICKINSON & CO 23,389 23,389
    DOLLAR TREE INC NTS B/E 118,216 118,216
    AMERICAN TOWER CORP B/E 34,256 34,256
    REYNOLDS AMERN INC B/E 118,770 118,770
    FORTUNE BRANDS HOME & SE 19,305 19,305
    VERISK ANALYTICS INC B/E 117,159 117,159
    AMC NETWORKS INC NTS B/E 134,805 134,805
    MICROCHIP TECHNOLOGY INC NTS B/E 140,219 140,219
    ZIMMER BIOMET HOLDINGS 119,145 119,145
    ALTRIA GROUP INC NTS B/E 119,965 119,965
    WESTERN DIGITAL CORP NTS 124,545 124,545
    KRAFT HEINZ FOODS CO NTS 133,935 133,935
    MOLSON COORS BREWING CO 63,885 63,885
    HCA INC NTS B/E 30,341 30,341
    AMERICAN TOWER CORP B/E 86,109 86,109
    STEEL DYNAMICS INC NTS 138,775 138,775
    BROADCOM CORP NTS B/E 106,322 106,322
    AT&T INC NTS B/E 136,913 136,913
    CARRIER GLOB CORP NTS 121,299 121,299
    QVC INC NTS B/E 121,245 121,245
    SBA COMMUNICATIONS CORP 138,020 138,020
    VERIZON COMMUNICATIONS 133,386 133,386
    CDK GLOB INC NTS B/E 131,445 131,445
    FISERV INC NTS B/E 137,437 137,437
    HEWLETT PACKARD CO NTS 143,116 143,116
    CITRIX SYSTEMS INC NTS 136,866 136,866
    CARLISLE COS INC B/E 75,589 75,589
    SERVICE CORP INTL B/E 132,556 132,556
    ENCOMPASS HEALTH ORG 54,524 54,524
    MOTOROLA SOLUTIONS INC 138,970 138,970
    TEGNA INC NTS B/E 137,467 137,467
    DISCOVERY COMM INC NTS 137,036 137,036
    ORACLE CORP NTS B/E 124,698 124,698
    BLOCK FINANCIAL NTS B/E 72,140 72,140
    BROADCOM INC NTS B/E 19,749 19,749
    WEBTEC B/E 23,889 23,889
    WILLIS GROUP N AMER B/E 124,166 124,166
    QORVO INC NTS B/E 105,064 105,064
    ACCUMULATED INTEREST 43,742 43,742

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOT LABORATORIES 278,664 278,664
    ACCENTURE PLC IRELAND 301,377 301,377
    ACTIVISION BLIZZARD INC 182,558 182,558
    ADIDAS AG SPON ADR 63,504 63,504
    ADOBE INC. (DELAWARE) 281,262 281,262
    ADVANCE AUTO PARTS INC 238,681 238,681
    AIRBNB INC CL A 145,679 145,679
    ALIGN TECHNOLOGY INC 93,977 93,977
    ALLEGION PLC 271,767 271,767
    ALPHABET INC CLASS A COMMON STOCK 144,852 144,852
    ALPHABET INC CLASS C CAPITAL STOCK 407,996 407,996
    AMADEUS IT GROUP UNSPONSORED 33,725 33,725
    AMAZON.COM INC 446,802 446,802
    AMERICAN TOWER CORP REIT 237,803 237,803
    ANSYS INC 60,970 60,970
    AON PLC CL A 106,398 106,398
    APPLIED MATERIALS INC 220,147 220,147
    ASML HLDG NV SPON ADR 54,138 54,138
    ASPEN TECHNOLOGY INC DEL 68,794 68,794
    AUTODESK INC 169,839 169,839
    BENTLEY SYSTEMS INC CL B 78,875 78,875
    BERKLEY W R CORP 91,535 91,535
    BRIGHT HORIZONS FAMILY SOLUTIONS INC 56,898 56,898
    BROADCOM INC 266,829 266,829
    BROADRIDGE FINANCIAL SOLUTIONS 227,794 227,794
    BUNZL PLC NEW SPON ADR 28,649 28,649
    CDW CORP 112,424 112,424
    CHARLES RIVER LABORATORIES 145,814 145,814
    CHEMED CORP NEW 64,014 64,014
    CINTAS CORP 244,187 244,187
    COOPER COMPANIES INC NEW 100,547 100,547
    COPART INC 99,159 99,159
    CSL LTD SPON ADR 41,791 41,791
    DASSAULT SYSTEMS S A SPON ADR 30,198 30,198
    DOCUSIGN INC 30,310 30,310
    DOLLAR GEN CORP NEW 221,680 221,680
    DUCK CREEK TECHNOLOGIES INC 34,596 34,596
    ELANCO ANIMAL HEALTH INC 56,278 56,278
    EQUIFAX INC 106,868 106,868
    EVOLUTION AB UNSPONSORED ADR 75,054 75,054
    EXPERIAN PLC SPON ADR 62,870 62,870
    EXPONENT INC 57,314 57,314
    FAIR ISAAC CORP 42,500 42,500
    FRANKLIN INVS SECS TR CONV SECS FD-ADVISOR CL 698,390 698,390
    FRANKLIN SMALL CAP GROWTH FUND-ADVISOR CL 1,364,970 1,364,970
    GARTNER INC 153,119 153,119
    GLOBANT S A 14,134 14,134
    HENRY JACK & ASSOC INC 51,433 51,433
    HOME DEPOT INC 252,741 252,741
    ICON PLC EUR 143,701 143,701
    ILLUMINA INC 92,066 92,066
    INTERACTIVE BROKERS GROUP INC 85,932 85,932
    INTUIT 250,856 250,856
    INTUITIVE SURGICAL INC NEW 113,180 113,180
    ISHARES RUSSELL 2000 ETF 997,466 997,466
    KERING S A UN SPONSORED ADR 29,225 29,225
    LENNOX INTL INC 78,819 78,819
    LPL FINL HLDGS INC COM 85,008 85,008
    LVMH MOET HENNESSY LOUIS NEW 41,706 41,706
    MASTERCARD INC CL A 435,855 435,855
    MATTHEWS PACIFIC TIGER FUND INVESTOR SHARE 1,406,235 1,406,235
    MEDTRONIC PLC 61,760 61,760
    MERCADOLIBRE INC 36,407 36,407
    META PLATFORMS INC CL A 310,115 310,115
    MICROSOFT CORP 543,157 543,157
    MOODYS CORP 241,378 241,378
    MSCI INC 202,188 202,188
    NESTLE S A SPONSORED ADR 24,845 24,845
    NETFLIX INC 142,176 142,176
    NIKE INC CL B 112,836 112,836
    NORDSON CORP 101,597 101,597
    PAYPAL HOLDINGS INC 114,091 114,091
    POOL CORP 149,424 149,424
    ROLLINS INC 46,320 46,320
    ROPER TECHNOLOGIES INC 226,747 226,747
    SAGE GROUP PLC UN SPONSORED 92,948 92,948
    SALESFORCE.COM INC 237,357 237,357
    SAP SE SPON ADR 58,426 58,426
    SCOTTS MIRACLE-GRO CO CL A 122,521 122,521
    SERVICENOW INC 187,593 187,593
    SHERWIN WILLIAMS CO 267,994 267,994
    SHOPIFY INC CL A 16,529 16,529
    SIEMENS HEALTHINEERS AG ADR 94,520 94,520
    SITEONE LANDSCAPE SUPPLY INC 143,672 143,672
    SPDR S&P 500 ETF TRUST 4,284,139 4,284,139
    STARBUCKS CORP 331,025 331,025
    T ROWE PRICE DIVERSIFIED MID CAP GROWTH FDS INC 1,425,810 1,425,810
    TELEDYNE TECHNOLOGIES INC 34,077 34,077
    TEMENOS AG SPON ADR 48,492 48,492
    TENCENT HLDGS LTD ADR 49,089 49,089
    TERADYNE INC 131,805 131,805
    TEXAS INSTRUMENTS 187,528 187,528
    THERMO FISHER SCIENTIFIC INC 270,899 270,899
    THOR INDUSTRIES INC 86,440 86,440
    UBS EMERGING MARKETS EQUITY OPPORTUNITY FUND 2,153,848 2,153,848
    UNILEVER PLC AMER SHS NEW SPON 24,743 24,743
    UNITEDHEALTH GROUP INC 434,853 434,853
    VIRTUS KAR INTERNATIONAL SMALL-CAP FUND CLASS I 1,608,719 1,608,719
    VISA INC CL A COMMON STOCK 387,261 387,261
    WAL MART DE MEXICO SAB DE CV 15,980 15,980
    ZEBRA TECHNOLOGIES CORP CL A 168,442 168,442
    ZOETIS INC 498,309 498,309
    AMAZON.COM INC 410,123 410,123
    AMGEN INC 267,489 267,489
    APPLE INC 816,822 816,822
    BERKSHIRE HATHAWAY INC DEL CL B 334,581 334,581
    BRISTOL MYERS SQUIBB CO 311,937 311,937
    CATERPILLAR INC 346,290 346,290
    CISCO SYSTEMS INC 264,443 264,443
    COCA COLA COMPANY 293,149 293,149
    ECOLAB INC 297,695 297,695
    HONEYWELL INTL INC 297,961 297,961
    INTEL CORP 214,807 214,807
    JOHNSON & JOHNSON 290,306 290,306
    JPMORGAN CHASE & CO 347,420 347,420
    KIMBERLY CLARK CORP 271,405 271,405
    LILLY ELI & CO 496,367 496,367
    MCDONALDS CORP 325,437 325,437
    MEDTRONIC PLC 268,039 268,039
    MERCK & CO INC 218,271 218,271
    ORACLE CORPORTION 372,997 372,997
    PFIZER INC 317,630 317,630
    PROCTOR & GAMBLE CO 360,040 360,040
    STRYKER CORP 313,416 313,416
    TARGET CORP 660,067 660,067
    UNITED PARCEL SVC INC CL B 437,039 437,039
    VERIZON COMMUNICATIONS INC 205,034 205,034
    WALMART INC COMMON STOCK 338,285 338,285
    WALT DISNEY CO (HOLDING CO) 305,133 305,133
    WASTE MANAGEMENT INC DEL 377,027 377,027
    XCEL ENERGY INC COMMON STOCK 281,429 281,429

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    US Government Securities - End of Year Book Value:

    203,233
    US Government Securities - End of Year Fair Market Value:

    203,233
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CALAMOS INVT TR NEW MARKET NEUTRAL FD CL I FMV 485,236 485,236
    DIAMOND HILL LONG-SHORT FUND CLASS I FMV 531,359 531,359
    NORTHERN PACIFIC GROWTH FOUNDATION PARTNERS, LP FMV 3,139,935 3,139,935
    CLOVER PCO II SECONDARY FEEDER FMV 275,414 275,414
    CLOVER PCO II ORIGINAL FEEDER FMV 1,075,895 1,075,895
    ALKEON GROWTH OFFSHORE FUND II LTD SUB CLASS 3 FMV 2,363,324 2,363,324
    ALPHAKEYS MILLENIUM FD II LLC CLASS B A/O FMV 3,102,399 3,102,399

    TY 2021 LegalFeesSchedule
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 11,620 0   11,620


    TY 2021 OtherAssetsSchedule
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUE FROM PERIS FOUNDATION 29,512 84,734 84,734


    TY 2021 OtherExpensesSchedule
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROGRAM EXPENSE 179,770 0   151,351
    TECHNOLOGY, COMPUTER, & WEBSITE FEES 21,797 0   16,990
    OFFICE EXPENSES 14,726 0   13,368
    FILING FEES 26 0   26
    PARTNERSHIP EXPENSES 0 118,040   0


    TY 2021 OtherIncomeSchedule2
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME   220,782  


    TY 2021 OtherIncreasesSchedule
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Description Amount
    UNREALIZED GAINS ON INVESTMENTS 4,286,614


    TY 2021 OtherLiabilitiesSchedule
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED LEASEHOLD ALLOWANCE 74,000 62,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 164,736 164,736   0
    PROFESSIONAL DEVELOPMENT AND CONSULTING 29,206 0   29,206


    TY 2021 TaxesSchedule
    Name:
    JOHN & DENISE GRAVES FOUNDATION
    EIN:
    47-1300668
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 24,527 0   0
    PROPERTY TAXES 13,558 0   13,558
    FOREIGN TAXES 0 1,500   0