Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 07-01-2022 , and ending 06-30-2023
Name of foundation
THE CONOVER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)BAIRD TRUST COMPANY PO BOX 32760
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY402322760
A Employer identification number

35-6672841
B Telephone number (see instructions)

(615) 754-0564
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$3,963,547J 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 right arrow.............
3 Interest on savings and temporary cash investments 33,258 33,258 33,258
4 Dividends and interest from securities... 42,820 42,820 42,820
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -4,642
b Gross sales price for all assets on line 6a 64,633
7 Capital gain net income (from Part IV, line 2)...  
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
List of Attached Documents:
// Content
-5,731   -5,731
12 Total. Add lines 1 through 11........ 65,705 76,078 70,347
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 26,997 26,997    
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,400      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
60,359      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,117 4,117    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 94,873 31,114   0
25 Contributions, gifts, grants paid....... 203,817 203,817
26 Total expenses and disbursements. Add lines 24 and 25 298,690 31,114   203,817
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -232,985
b Net investment income (if negative, enter -0-) 44,964
c Adjusted net income (if negative, enter -0-)... 70,347
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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......... 234,947 94,826 94,826
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 1,857,576 Click to see attachment
List of Attached Documents:
// Content
1,655,615 		3,227,279
c Investments—corporate bonds (attach schedule)....... 567,783 Click to see attachment
List of Attached Documents:
// Content
675,417 		641,442
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,999 		Click to see attachment
List of Attached Documents:
// Content
7,462 		 
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,666,305 2,433,320 3,963,547
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 right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 2,666,305 2,433,320
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 2,666,305 2,433,320
30 Total liabilities and net assets/fund balances (see instructions). 2,666,305 2,433,320
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
2,666,305
2
Enter amount from Part I, line 27a .....................
2
-232,985
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,433,320
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,433,320
Form 990-PF (2022)
Form 990-PF (2022)
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 50 SHS GE HEALTHCARE TECHNOLOGIES P 2021-12-20 2023-03-15
b 40,000 SHS IBM NOTE 3.375% P 2015-09-21 2022-12-05
c 25,000 3M CO GLOBAL NOTE 2.375% P 2021-07-12 2023-06-08
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 3,786   3,098 688
b 39,542   40,077 -535
c 21,305   26,100 -4,795
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       688
b       -535
c       -4,795
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -4,642
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 (2022)
Form 990-PF (2022)
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 right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 625
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 625
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 625
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 1,870
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,870
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,245
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow630 Refundedright arrow 11 615
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIN
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 addressright arrowN/A
14
The books are in care ofright arrowBAIRD TRUST COMPANY Telephone no.right arrow (502) 588-4110

Located atright arrowPO BOX 32760LOUISVILLEKY ZIP+4right arrow402322760
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
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)
 
No
(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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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
Yes
 
b
If "Yes," did it have excess business holdings in 2022 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 2022.) .....................
3b
 
No
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
CHERYL CONOVER STROUD PRESIDENT
5.00 		0 0 0
122 PAIXHAM PLACE
MTJULIET,TN37122
JANET TOTTEN SEC/TREAS
2.00 		0 0 0
604 E MAIN CROSS ST
EDINBURGH,IN46124
CHRISTINE CONOVER STROUD ASSIST SEC
2.00 		0 0 0
1105 DRAUGHON AVENUE
NASHVILLE,TN37204
BAIRD TRUST COMPANY DIRECTOR
2.00 		26,997 0 0
PO BOX 32760
LOUISVILLE,KY402322760
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...................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 CONTRIBUTIONS TO VARIOUS LOCAL ORGANIZATIONS 31 ORGANIZATIONS WERE SERVED DURING THE 2022/2023 FISCAL YEAR. 203,817
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
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
3,701,693
b
Average of monthly cash balances.......................
1b
251,808
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,953,501
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
3,953,501
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
59,303
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,894,198
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
194,710
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
194,710
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
625
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
625
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
194,085
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
194,085
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
194,085
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
203,817
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
203,817
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 194,085
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 198,819
b Total for prior years:20, 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 203,817
a Applied to 2021, but not more than line 2a 198,819
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount..... 4,998
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2022.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		189,087
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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).)
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.
CHERYL CONOVER STROUD - OWNS 1058 O
INVESTMENT CORP
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
BAIRD TRUST COMPANY
PO BOX 32760
LOUISVILLE,KY402322760
(502) 588-4110
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN STATEMENT OF PURPOSE AND USE OF FUNDS
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2022)
Form 990-PF (2022)
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
ARC OF BARTHOLOMEW COUNTY


2060 DOCTORS PARK DRIVE
COLUMBUS,IN47203 		NONE PUBLIC CHARITABLE 2,000
BARTHOLOMEW COUNTY HUMANE SOCIETY


4110 EAST 200 SOUTH
COLUMBUS,IN47201 		NONE PUBLIC CHARITABLE 9,000
CUREPSP


1216 BROADWAY 2ND FLOOR
NEW YORK,NY10001 		NONE PUBLIC CHARITABLE 4,000
EASTSIDE ELEMENTARY CLOTHE-A-CHILD


810 E MAIN CROSS ST
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 4,000
ECUMENICAL ASSEMBLY


PO BOX 1421
COLUMBUS,IN47202 		NONE PUBLIC CHARITABLE 5,000
EDINBURGH DOLLARS FOR SCHOLARS


PO BOX 305
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 4,000
EDINBURGH MINISTERIAL ASSOCATION


PO BOX 83
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 8,000
EDINBURGH PUBLIC LIBRARY


119 W MAIN CROSS ST
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 2,000
EDINBURGH UNITED METHODIST CHURCH


107 W CAMPBELL ST
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 2,000
FAMILY SERVICES


1531 13TH STREET
COLUMBUS,IN47201 		NONE PUBLIC CHARITABLE 3,000
FOP - SHOP WITH A COP


543 SECOND STREET
COLUMBUS,IN47201 		NONE PUBLIC CHARITABLE 3,000
HUMANE SOCIETY OF JOHNSON CNTY


3827 N GRAHAM ROAD
FRANKLIN,IN46131 		NONE PUBLIC CHARITABLE 7,000
JOHNSON COUNTY HISTORICAL SOCIETY


135 N MAIN STREET
FRANKLIN,IN46131 		NONE PUBLIC CHARITABLE 7,500
KAPPA KAPPA KAPPA INC


618 MEMORIAL DRIVE
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 4,000
NEW SONG MISSION


7202 KEITH DONALDSON ROAD
FREETOWN,IN47235 		NONE PUBLIC CHARITABLE 5,000
SALVATION ARMY


3100 NORTH MERIDIAN
INDIANAPOLIS,IN46208 		NONE PUBLIC CHARITABLE 6,000
SERVANT GROUP INTERNATIONAL


506 TANKSLEY AVENUE
NASHVILLE,TN37211 		NONE PUBLIC CHARITABLE 10,000
THE NEXT DOOR


402 22ND AVENUE NORTH
NASHVILLE,TN37203 		NONE PUBLIC CHARITABLE 7,500
TOWN OF EDINBURGH


107 S HOLLAND STREET
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 2,000
TURNING POINT


745 WASHINGTON ST
COLUMBUS,IN47201 		NONE PUBLIC CHARITABLE 7,500
IMAGINATION LIBARY OF JOHNSON CNTY


600 WALNUT ST
FRANKLIN,IN46131 		NONE PUBLIC CHARITABLE 5,600
THE BRANCH OF NASHVILLE


41 TUSCULUM ROAD
ANTIOCH,TN37013 		NONE PUBLIC CHARITABLE 10,000
ADVENTURE SCIENCE CENTER NASHVILLE


800 FORT NEGLEY BLVD
NASHVILLE,TN37203 		NONE PUBLIC CHARITABLE 5,000
EDINBURGH HIGH SCHOOL


202 KEELEY ST
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 6,717
BLOOM FAMILY DESIGNS


513 BRENTLAWN DRIVE
NASHVILLE,TN37220 		NONE PUBLIC CHARITABLE 20,000
HOPE CLINIC FOR WOMEN


1810 HAYES STREET
NASHVILLE,TN37203 		NONE PUBLIC CHARITABLE 5,000
ST PAUL CHRISTIAN ACADEMY


5033 HILLSBORO PIKE
NASHVILLE,TN37215 		NONE PUBLIC CHARITABLE 20,000
INDIANA LANDMARKS


1201 CENTRAL AVENUE
INDIANAPOLIS,IN46202 		NONE PUBLIC CHARITABLE 10,000
ANCORA TN


PO BOX 160069
NASHVILLE,TN37216 		NONE PUBLIC CHARITABLE 5,000
EVERYTOWN FOR GUN SAFETY


PO BOX 3886
NEW YORK,NY10163 		NONE PUBLIC CHARITABLE 7,000
THE NAVIGATORS


PO BOX 6000
COLORADO SPRINGS,CO809346000 		NONE PUBLIC CHARITABLE 7,000
Total .................................right arrow 3a 203,817
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 33,258  
4 Dividends and interest from securities ....     14 42,820  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -4,642  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aAMOS INV. CORP-ORDINARY LOS 		523000 -26,872      
bAMOS INV. CORP-DIVIDENDS 523000 982      
cAMOS INV. CORP-ST CAPITAL G 523000 -3,027      
dAMOS INV. CORP-LT CAPITAL G 523000 318,041      
eAMOS INV CORP-INTEREST INCO 523000 680      
fAMOS STOCK LIQUIDATION LOSS 523000 -295,535      
12 Subtotal. Add columns (b), (d), and (e) .. -5,731 71,436  
13Total. Add line 12, columns (b), (d), and (e)..................
13
65,705
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 3,400      

TY 2022 InvestmentsCorpBondsSchedule
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Name of Bond End of Year Book Value End of Year Fair Market Value
20,000 O'REILLY AUTOMOTIVE NOTE 3.6% 20,072 18,925
25,000 PFIZER INC. NOTE 3.40% 25,039 24,462
25,000 SCHLUMBERGER INVT SR NT 3.65% 25,037 24,799
25,000 HOME DEPOT SR. NOTE 3.0% 25,165 23,912
25,000 JPMORGAN CHASE & CO. 3.90% 25,240 24,370
25,000 US BANCORP MTNS 3.70% 25,217 24,683
40,000 IBM NOTE 3.375%    
25,000 FEDERAL FARM CR BKS 2.50% 24,919 22,928
25,000 FEDERAL FARM CR BKS 4.70% 24,925 23,767
25,000 FEDERAL FARM CR BKS 5.40% 26,233 25,457
25,000 FEDERAL FARM CR BKS 2.375% 24,981 23,155
25,000 FEDERAL HOME LOAN BKS 2.67% 24,962 22,645
25,000 FEDERAL HOME LOAN BKS 2.875% 25,423 24,010
25,000 FEDERAL HOME LOAN BKS 3.625% 24,975 24,691
25,000 DOUGLAS CNTY, NEB SCH 2.048% 24,998 24,177
25,000 TAMPA BAY WATER 3.252% 25,656 22,904
25,000 APPLE INC. SR GLBL NOTE 3.35% 24,662 24,006
25,000 WALT DISNEY CO. 2.20% 25,821 22,592
25,000 PEPSICO INC. SR NOTE 2.75% 26,814 22,484
25,000 TJX COS INC. SR NOTE 2.25% 26,006 23,064
25,000 UNION PACIFIC SR. NOTE 3.95% 24,625 24,226
25,000 UNITED PARCEL SVCS NOTE 3.90% 25,166 24,461
25,000 3M CO SR. NOTE 2.375%    
25,000 TYCO ELECTRONICS NOTE 3.70% 24,888 24,114
25,000 COMCAST CORP SR NOTE 3.95% 24,942 24,371
25,000 PARKER HANNIFIN CORP SR 4.50% 24,394 24,293
25,000 PROGRESSIVE CORP NOTE 4.00% 24,825 23,929
25,000 CHARLES SCHWAB CORP 4.625% 25,319 24,358
25,000 WALMART INC SR NOTE 4.15% 25,113 24,659

TY 2022 InvestmentsCorpStockSchedule
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Name of Stock End of Year Book Value End of Year Fair Market Value
1,011.122 DODGE & COX INTL. 1048 40,000 48,261
100 JPMORGAN CHASE & CO. 4,664 14,544
1000 APPLE INC. 14,618 193,970
120 CISCO SYSTEMS INC. 2,210 6,209
120 HOME DEPOT INC. 21,925 37,277
120 OMNICOM GROUP INC. 8,882 11,418
120 PROGRESSIVE CORP. 7,504 15,884
125 EXPEDITORS INTL. WASH INC. 8,895 15,141
130 JOHNSON & JOHNSON 17,105 21,518
300 ALPHABET INC. 16,335 36,291
150 BERKSHIRE HATHAWAY 9,960 51,150
150 WALT DISNEY CO. 16,514 13,392
1555 CHARLES SCHWAB INC. 55,211 88,137
165 O'REILLY AUTOMOTIVE INC. 29,093 157,625
1696.109 DODGE & COX INTL. FUND 1048 71,542 80,955
170 TE CONNECTIVITY LTD. 13,763 23,827
175 META PLATFORM, INC. 40,677 50,221
175 US BANCORP 8,860 5,782
1750 BANK OF AMERICA CORP. 50,522 50,208
1941 AMOS INVESTMENT CORPORATION    
195 JPMORGAN CHASE & CO. 19,800 28,361
195 WELLS FARGO & CO. 9,314 8,323
205 CISCO SYSTEMS INC. 9,571 10,607
230 TJX COS. INC. 11,100 19,502
235 UNION PACIFIC CORP. 22,582 48,086
25 HOME DEPOT INC. 4,379 7,766
25 US BANCORP 1,277 826
275 PFIZER INC. 11,058 10,087
305 PROGRESSIVE CORP. 20,511 40,373
315.657 DODGE & COX INTL. FUND 1048 10,000 15,066
35 O'REILLY AUTOMOTIVE INC. 12,625 33,436
355 HOME DEPOT INC. 10,099 110,277
379.507 DODGE & COX INTL. FUND 1048 14,000 18,114
395 JOHNSON & JOHNSON 25,402 65,380
400 FASTENAL CO. 12,148 23,596
405 OMNICOM GROUP INC. 18,444 38,536
422.416 DODGE & COX INTL. FUND 1048 15,000 20,162
425 EXPEDITORS INTL. INC. 15,716 51,480
900 ALPHABET INC. 24,927 108,873
475 JPMORGAN CHASE & CO. 23,821 69,084
500 CISCO SYSTEMS INC. 8,701 25,870
500 TE CONNECTIVITY LTD. 18,205 70,080
500 WALT DISNEY CO. 14,145 44,640
55 TE CONNECTIVITY LTD 5,565 7,709
580 FASTENAL CO. 12,400 34,214
621.311 DODGE & COX INTL. FUND 1048 20,000 29,655
65 UNION PACIFIC CORP. 10,433 13,300
650 VANGUARD SMALL-CAP ETF 105,878 129,279
650 WELLS FARGO & CO. 17,394 27,742
670 FASTENAL CO. 13,643 39,523
670 TJX COMPANIES 4,551 56,809
675 MICROSOFT CORP. 17,108 229,865
70 BERKSHIRE HATHAWAY INC. CL B 14,085 23,870
700 CARMAX INC. 41,937 58,590
80 BERKSHIRE HATHAWAY 5,785 27,280
80 JPMORGAN CHASE & CO. 4,373 11,635
80 WELLS FARGO & CO. 4,063 3,414
850 PROGRESSIVE CORP. 19,771 112,515
850 US BANCORP 29,410 28,084
875 PFIZER INC. 12,502 32,095
150 GENERAL ELECTRIC CO. 10,348 16,478
3044.449 AMERICAN FUNDS EUROPACIFIC 150,000 167,079
4341.534 ALLSPRING EMERGING MARKETS 150,000 108,538
300 CARMAX INC. 26,014 25,110
500 WALT DISNEY CO. 46,098 44,640
800 GENERAL ELECTRIC CO. 69,473 87,880
300 JPMORGAN CHASE & CO. 35,309 43,632
200 PARKER HANNIFIN CORP. 58,370 78,008

TY 2022 OtherAssetsSchedule
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACC INTEREST PURCHASED, NOT RECEIVED 5,999 7,462  


TY 2022 OtherExpensesSchedule
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
AMORTIZATION OF PREMIUM 2,237 2,237    
ACCRUED INTEREST PAID 1,860 1,860    
FILING FEES 20 20    


TY 2022 OtherIncomeSchedule2
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
AMOS INV. CORP-ORDINARY LOSS -26,872   -26,872
AMOS INV. CORP-DIVIDENDS 982   982
AMOS INV. CORP-ST CAPITAL G/L -3,027   -3,027
AMOS INV. CORP-LT CAPITAL G/L 318,041   318,041
AMOS INV CORP-INTEREST INCOME 680   680
AMOS STOCK LIQUIDATION LOSS -295,535   -295,535


TY 2022 TaxesSchedule
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 1,525      
INDIANA EXCISE TAX 11,189      
FEDERAL UNRELATED INCOME TAXES 47,645