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 01-01-2022 , and ending 12-31-2022
Name of foundation
JOHN AND 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 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$44,447,544J 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) 2,025
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 974,326 974,326  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 360,314
b Gross sales price for all assets on line 6a 13,285,894
7 Capital gain net income (from Part IV, line 2)... 360,314
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
0 318,335  
12 Total. Add lines 1 through 11........ 1,336,665 1,652,975  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 163,305 0   163,305
14 Other employee salaries and wages...... 564,839 0   564,839
15 Pension plans, employee benefits....... 118,916 0   119,166
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,334 0   1,334
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
43,868 29,473   29,473
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
162,358 139,388   22,970
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
161,739 2,798   14,240
19 Depreciation (attach schedule) and depletion... 19,805 0  
20 Occupancy.............. 37,692 0   49,788
21 Travel, conferences, and meetings....... 44,134 0   18,223
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
167,500 212,534   253,150
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,485,490 384,193   1,236,488
25 Contributions, gifts, grants paid....... 2,897,476 2,896,226
26 Total expenses and disbursements. Add lines 24 and 25 4,382,966 384,193   4,132,714
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,046,301
b Net investment income (if negative, enter -0-) 1,268,782
c Adjusted net income (if negative, enter -0-)...  
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............. 7,543 37,313 37,313
2 Savings and temporary cash investments......... 2,544,375 2,818,470 2,818,470
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) 203,233 Click to see attachment
List of Attached Documents:
// Content
42,175 		42,175
b Investments—corporate stock (attach schedule)....... 38,096,652 Click to see attachment
List of Attached Documents:
// Content
25,978,482 		25,978,482
c Investments—corporate bonds (attach schedule)....... 4,845,395 Click to see attachment
List of Attached Documents:
// Content
4,625,439 		4,625,439
11 Investments—land, buildings, and equipment: basis right arrow814,665
Less: accumulated depreciation (attach schedule) right arrow   814,665 814,665 814,665
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,973,562 Click to see attachment
List of Attached Documents:
// Content
10,036,026 		10,036,026
14 Land, buildings, and equipment: basis right arrow188,531
Less: accumulated depreciation (attach schedule) right arrow115,024 93,312 73,507 73,507
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
84,734 		Click to see attachment
List of Attached Documents:
// Content
21,467 		Click to see attachment
List of Attached Documents:
// Content
21,467
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 57,663,471 44,447,544 44,447,544
Liabilities 17 Accounts payable and accrued expenses.......... 47,833 13,084
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) Click to see attachment
List of Attached Documents:
// Content
62,000 		Click to see attachment
List of Attached Documents:
// Content
50,000
23 Total liabilities (add lines 17 through 22)......... 109,833 63,084
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........... 57,553,638 44,384,460
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)..... 57,553,638 44,384,460
30 Total liabilities and net assets/fund balances (see instructions). 57,663,471 44,447,544
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
57,553,638
2
Enter amount from Part I, line 27a .....................
2
-3,046,301
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
54,507,337
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
10,122,877
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
44,384,460
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 PUBLICLY TRADED SECURITIES P    
b
c
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 13,285,894   12,925,580 360,314
b
c
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       360,314
b
c
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 2 360,314
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 17,636
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 17,636
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 17,636
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 33,019
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 33,019
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
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 15,383
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow15,383 Refundedright arrow 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
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 arrowMN
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 arrowWWW.JDGRAVESFOUNDATION.ORG
14
The books are in care ofright arrowWILLIAM G GRAVES Telephone no.right arrow (612) 389-9820

Located atright arrow2929 CHICAGO AVENUE SOUTHMINNEAPOLISMN ZIP+4right arrow55407
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)
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
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
 
No
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
 
 
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)
Yes
 
(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
Yes
 
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
WILLIAM G GRAVES TRUSTEE/PRESIDENT
40.00 		157,250 10,914 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
DESEANDRA SHEPPHEARD VICE PRESIDENT, CHIE
40.00 		121,705 582 0
2929 CHICAGO AVENUE S STE 100
MINNEAPOLIS,MN55407
KYRRA RANKINE VICE PRESIDENT, POLI
40.00 		97,204 16,530 0
2929 CHICAGO AVENUE S STE 100
MINNEAPOLIS,MN55407
CARLA GODWIN PROJECT MANAGER
40.00 		86,822 9,961 0
2929 CHICAGO AVENUE S STE 100
MINNEAPOLIS,MN55407
HOLLY KRAGTHORPE-SHIRLEY DIRECTOR OF SPECIAL
30.00 		71,300 2,221 0
2929 CHICAGO AVENUE S STE 100
MINNEAPOLIS,MN55407
DANIELLE PRASCH OPERATIONS MANAGER
40.00 		56,687 1,080 0
2929 CHICAGO AVENUE S STE 100
MINNEAPOLIS,MN55407
Total number of other employees paid over $50,000...................right arrow 1
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 arrow0
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.........................right arrow0
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
45,621,217
b
Average of monthly cash balances.......................
1b
2,145,744
c
Fair market value of all other assets (see instructions)................
1c
814,665
d
Total (add lines 1a, b, and c).........................
1d
48,581,626
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
48,581,626
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
728,724
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
47,852,902
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,392,645
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
2,392,645
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
17,636
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
39,772
c
Add lines 2a and 2b............................
2c
57,408
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,335,237
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,335,237
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
2,335,237
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
4,132,714
b
Program-related investments—total from Part VIII-B..................
1b
0
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
4,132,714
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 2,335,237
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020...... 2,533,676
e From 2021...... 1,043,618
f Total of lines 3a through e ........ 3,577,294
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 4,132,714
a Applied to 2021, 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 2022 distributable amount..... 2,335,237
e Remaining amount distributed out of corpus 1,797,477
5 Excess distributions carryover applied to 2022. 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 5,374,771
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		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 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		5,374,771
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020.... 2,533,676
d Excess from 2021.... 1,043,618
e Excess from 2022.... 1,797,477
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).)
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 right arrow
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 (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

ACHIEVE TWIN CITIES

2829 UNIVERSITY AVE SE SUITE 850
MINNEAPOLIS,MN55414 		  PC EDUCATION GRANT 86,400

ACHIEVE TWIN CITIES

2829 UNIVERSITY AVE SE SUITE 850
MINNEAPOLIS,MN55414 		  PC DISCRETIONARY GRANT 25,000

ACHIEVE TWIN CITIES

2829 UNIVERSITY AVE SE SUITE 850
MINNEAPOLIS,MN55414 		  PC RAPID RESPONSE GRANT 5,000

ALIGHT (FORMERLY AMERICAN REFUGEE COMMITTEE)

615 1ST AVE NE SUITE 500
MINNEAPOLIS,MN55413 		  PC RAPID RESPONSE GRANT 5,000

AL-MAA'UUN

1729 LYNDALE AVE NORTH
MINNEAPOLIS,MN55411 		  PC EDUCATION GRANT 30,000

AUGSBURG UNIVERSITY

2211 RIVERSIDE AVE CB 308
MINNEAPOLIS,MN55454 		  PC EDUCATION GRANT 40,000

BENILDE ST MARGARET

2501 HIGHWAY 100 S
SAINT LOUIS PARK,MN55416 		  PC DISCRETIONARY GRANT 96,240

BLACK MAMAS MATTER ALLIANCE INC

PO BOX 571894
ATLANTA,GA30357 		  PC DISCRETIONARY GRANT 2,000

BOYS & GIRLS CLUBS OF THE TWIN CITIES

690 JACKSON STREET
SAINT PAUL,MN55130 		  PC DISCRETIONARY GRANT 1,000

CAMINO

1112 EAST LAKE STREET 1B
MINNEAPOLIS,MN55408 		  PC COMMUNITY DEVELOPMENT GRANT 25,000

CATHOLIC CHARITIES

1007 EAST 14TH STREET
MINNEAPOLIS,MN55404 		  PC DISCRETIONARY GRANT 100

CATHOLIC CHARITIES

1007 EAST 14TH STREET
MINNEAPOLIS,MN55404 		  PC DISCRETIONARY GRANT 1,000

CHAPIN HALL CENTER FOR CHILDREN

1313 EAST 60TH STREET
CHICAGO,IL60637 		  PC YOUTH DEVELOPMENT GRANT 50,000

CIRCLE OF DISCIPLINE

801 9TH STREET SE
MINNEAPOLIS,MN55407 		  PC YOUTH DEVELOPMENT GRANT 44,123

COALITION FOR ASIAN AMERICAN LEADERSHIP

941 LAFOND AVE SUITE 205
SAINT PAUL,MN55104 		  PC EDUCATION GRANT 50,000

COMO PARK HIGH SCHOOL BOOSTER CLUB

740 ROSE AVE WEST
SAINT PAUL,MN55117 		  PC DISCRETIONARY GRANT 250

DBA WAYZATA COMMUNITY SAILING CENTER

456 ARLINGTON CIRCLE SOUTH
WAYZATA,MN55391 		  PC DISCRETIONARY GRANT 3,000

ED ALLIES

1621 EAST HENNEPIN AVE SUITE 295
MINNEAPOLIS,MN55414 		  PC EDUCATION GRANT 50,000

EDUCATORS FOR EXCELLENCE

80 PINE ST FLOOR 28
NEW YORK,NY10018 		  PC EDUCATION GRANT 50,000

FOSTER ADVOCATES

1425 MINNEHAHA AVE EAST
SAINT PAUL,MN55106 		  PC YOUTH DEVELOPMENT GRANT 40,000

FRIENDS OF SOUTH HIGH FOUNDATION INC

3131 19TH AVE SOUTH
MINNEAPOLIS,MN55407 		  PC DISCRETIONARY GRANT 1,250

FRIENDS OF THE HENNEPIN COUNTY LIBRARY

300 NICOLLET MALL
MINNEAPOLIS,MN55401 		  PC YOUTH DEVELOPMENT GRANT 25,000

GENDER JUSTICE

663 UNIVERSITY AVE WEST SUITE 200
SAINT PAUL,MN55104 		  PC DISCRETIONARY GRANT 2,750

GREAT MINNESOTA SCHOOLS

1330 LAGOON AVE
MINNEAPOLIS,MN55408 		  PC EDUCATION GRANT 50,000

GROVES LEARNING ORGANIZATION

3200 HIGHWAY 100 S
SAINT LOUIS PARK,MN55416 		  PC EDUCATION GRANT 40,000

HAMLINE UNIVERSITY

1536 HEWITT AVE
SAINT PAUL,MN55104 		  PC EDUCATION GRANT 75,000

HOPE COMMUNITY

611 EAST FRANKLIN AVE
MINNEAPOLIS,MN55404 		  PC YOUTH DEVELOPMENT GRANT 50,000

HUMANS WIN LLC

5217 LINCOLN AVE
LOS ANGELES,CA90042 		  NC DISCRETIONARY GRANT 600

INDIGENOUS ROOTS

788 EAST 7TH STREET
SAINT PAUL,MN55106 		  PC COMMUNITY DEVELOPMENT GRANT 5,000

INNERCITY TENNIS FOUNDATION

4005 NICOLLET AVE
MINNEAPOLIS,MN55409 		  PC DISCRETIONARY GRANT 1,250

INTERNATIONAL INSTITUTE OF MINNESOTA

1694 COMO AVE
SAINT PAUL,MN55108 		  PC EDUCATION GRANT 50,000

JOHNATHON BANKS FOUNDATION

2290 ANCHOR DRIVE 326
NORTH SAINT PAUL,MN55109 		  PC DISCRETIONARY GRANT 5,000

JOYCE PRESCHOOL

3400 PARK AVENUE
MINNEAPOLIS,MN55407 		  PC EDUCATION GRANT 40,000

JUXTAPOSITION ARTS

2007 EMERSON AVE N
MINNEAPOLIS,MN55411 		  PC YOUTH DEVELOPMENT GRANT 50,000

LANTINO YOUTH DEVELOPMENT COLLABORATIVE

5247 GIRARD AVE SOUTH
MINNEAPOLIS,MN55419 		  PC YOUTH DEVELOPMENT GRANT 40,000

LIFEWORKS SERVICES INC

2965 LONE OAK DR SUITE 160
EAGAN,MN55121 		  PC DISCRETIONARY GRANT 5,000

LISC

28 LIBERTY STREET 34TH FLOOR
NEW YORK,NY10005 		  PC COMMUNITY DEVELOPMENT GRANT 329,062

LITERACY MN

700 RAYMOND AVE SUITE 180
SAINT PAUL,MN55114 		  PC EDUCATION GRANT 40,000

MINNESOTA HOST HOME NETWORK

1007 W BROADWAY AVE
MINNEAPOLIS,MN55411 		  PC HOUSING GRANT 40,000

MINNESOTA THEODORE ROOSEVELT HIGH SCHOOL FOUNDATION

4029 SOUTH 28TH AVE
MINNEAPOLIS,MN55406 		  PC DISCRETIONARY GRANT 1,250

MN ALLIANCE WITH YOUTH

1400 VAN BUREN STREET SUITES
200-223
MINNEAPOLIS,MN55413 		  PC EDUCATION GRANT 44,500

MN ALLIANCE WITH YOUTH

1400 VAN BUREN STREET SUITES
200-223
MINNEAPOLIS,MN55413 		  PC EDUCATION GRANT 1,821

MS FOOD NETWORK

440 W BEATTY ST
JACKSON,MS39201 		  PC DISCRETIONARY GRANT 5,000

MULTICULTURAL AUTISM ACTION NETWORK

3814 5TH AVE NE
COLUMBIA HEIGHTS,MN55421 		  PC EDUCATION GRANT 10,000

OUR JUSTICE

PO BOX 2105
MINNEAPOLIS,MN55402 		  PC DISCRETIONARY GRANT 2,000

PARTNERSHIPS FOR PERMANENCE

445 MINNESOTA ST SUITE 1500
SAINT PAUL,MN55101 		  PC YOUTH DEVELOPMENT GRANT 40,000

PERIS FOUNDATION

2929 CHICAGO AVE SOUTH SUITE 100
MINNEAPOLIS,MN55407 		  PC HOUSING GRANT 35,000

PERIS FOUNDATION

2929 CHICAGO AVE SOUTH SUITE 100
MINNEAPOLIS,MN55407 		  PC DISCRETIONARY GRANT 1,000

PILLSBURY UNITED COMMUNITIES

3650 FREMONT AVE NORTH
MINNEAPOLIS,MN55412 		  PC EDUCATION GRANT 40,000

PLAYERS PHILANTHROPY FUND

1122 KENILWORTH DR SUITE 201
TOWSON,MD21204 		  PC DISCRETIONARY GRANT 1,000

PLYMOUTH CHRISTIAN YOUTH CENTER

2210 N OLIVER AVE
MINNEAPOLIS,MN55411 		  PC YOUTH DEVELOPMENT GRANT 30,000

PROJECT FOR PRIDE IN LIVING

1035 EAST FRANKLIN AVE
MINNEAPOLIS,MN55404 		  PC YOUTH DEVELOPMENT GRANT 50,000

PROPEL NONPROFITS

1 SE MAIN ST SUITE 600
MINNEAPOLIS,MN55414 		  PC YOUTH DEVELOPMENT GRANT 40,000

PROPEL NONPROFITS

1 SE MAIN ST SUITE 600
MINNEAPOLIS,MN55414 		  PC DISCRETIONARY GRANT 5,000

RECLAIM

2446 UNIVERSITY AVE WEST SUITE 104
SAINT PAUL,MN55114 		  PC DISCRETIONARY GRANT 1,000

SOLOMON'S PORCH

100 WEST 46TH STREET
MINNEAPOLIS,MN55419 		  PC DISCRETIONARY GRANT 3,000

ST JUDE'S

501 ST JUDE PLACE
MEMPHIS,TN38105 		  PC DISCRETIONARY GRANT 500

ST PAUL CENTRAL HIGH SCHOOL FOUNDATION

PO BOX 40123
SAINT PAUL,MN55104 		  PC DISCRETIONARY GRANT 250

STUDENTS UNITED

1400 VAN BUREN STREET NE
MINNEAPOLIS,MN55413 		  PC YOUTH DEVELOPMENT GRANT 25,000

TEACH FOR AMERICA

115 UNIVERSITY AVE NE UNIT 519
MINNEAPOLIS,MN55413 		  PC EDUCATION GRANT 30,000

THE LINK

1210 GLENWOOD AVE SUITE 1
MINNEAPOLIS,MN55405 		  PC HOUSING GRANT 250,000

THE MINNEAPOLIS FOUNDATION

2929 CHICAGO AVE SOUTH SUITE 100
MINNEAPOLIS,MN55407 		  PC EDUCATION GRANT 15,500

THE MINNEAPOLIS FOUNDATION

2929 CHICAGO AVE SOUTH SUITE 100
MINNEAPOLIS,MN55407 		  PC DISCRETIONARY GRANT 13,000

THE MINNEAPOLIS FOUNDATION

80 SOUTH 8TH STREET
MINNEAPOLIS,MN55402 		  PC EDUCATION GRANT 150,000

THE MINNEAPOLIS FOUNDATION

80 SOUTH 8TH STREET
MINNEAPOLIS,MN55402 		  PC DISCRETIONARY GRANT 1,250

THE SOMALI MUSEUM

1516 EAST LAKE STREET 11
MINNEAPOLIS,MN55407 		  PC DISCRETIONARY GRANT 750

THINK SMALL

10 YORKTON COURT
SAINT PAUL,MN55117 		  PC RAPIDS RESPONSE GRANT 2,500

THREAD OUR PEOPLE

5937 EMERSON AVE NORTH
MINNEAPOLIS,MN55430 		  PC DISCRETIONARY GRANT 1,500

THRIVE ED

11501 RIDGEMOUNT AVE WEST
HOPKINS,MN55305 		  PC EDUCATION GRANT 1,130

THRIVE ED

11501 RIDGEMOUNT AVE WEST
MINNEAPOLIS,MN55305 		  PC EDUCATION GRANT 100,000

UPPER MISSISSIPPI ACADEMY

19 EAST EXCHANGE ST
SAINT PAUL,MN55101 		  PC DISCRETIONARY GRANT 250

VOICES FOR RACIAL JUSTICE

2525 EAST FRANKLIN AVE SUITE 301
MINNEAPOLIS,MN55406 		  PC EDUCATION GRANT 5,000

VOICES FOR RACIAL JUSTICE

2525 EAST FRANKLIN AVE SUITE 301
MINNEAPOLIS,MN55406 		  PC EDUCATION GRANT 40,000

WALLIN EDUCATION PARTNERS

451 LEXINGTON PARKWAY N SUITE 100
SAINT PAUL,MN55104 		  PC YOUTH DEVELOPMENT GRANT 130,000

WHY YOU

60 SOUTH 6TH STREET SUITE 2800
MINNEAPOLIS,MN55402 		  PC YOUTH DEVELOPMENT GRANT 40,000

WILDFLYER COFFEE

3262 MINNEHAHA AVE
MINNEAPOLIS,MN55406 		  PC YOUTH DEVELOPMENT GRANT 35,000

YOUTHPRISE

3001 BROADWAY STREET NE SUITE 330
MINNEAPOLIS,MN55413 		  PC YOUTH DEVELOPMENT GRANT 40,000

YOUTHPRISE

3002 BROADWAY STREET NE SUITE 330
MINNEAPOLIS,MN55413 		  PC YOUTH DEVELOPMENT GRANT 250,000
Total .................................right arrow 3a 2,896,226
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		         
4 Dividends and interest from securities ....     14 974,326  
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 ............ 		    18 360,314  
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 1,334,640 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,334,640
(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:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 43,868 29,473   29,473

TY 2022 InvestmentsCorpBondsSchedule
Name:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
Name of Bond End of Year Book Value End of Year Fair Market Value
ACCUMULATED INTEREST 50,408 50,408
ALLEGION US HLDG CO INC 114,809 114,809
ALTRIA GROUP INC NTS B/E 109,458 109,458
AMC NETWORKS INC NTS B/E 46,360 46,360
AMERICAN TOWER CORP B/E 31,207 31,207
AMERICAN TOWER CORP B/E 75,827 75,827
AT&T INC NTS B/E 120,414 120,414
BERRY GLOB INC NTS B/E 90,069 90,069
BLOCK FINANCIAL NTS B/E 61,315 61,315
BROADCOM CORP NTS B/E 92,720 92,720
BROADCOM INC NTS B/E 16,768 16,768
CARLISLE COS INC B/E 65,309 65,309
CARRIER GLOB CORP NTS 106,519 106,519
CDW LLC/CDW FIN CORP 121,993 121,993
CONAGRA BRANDS INC NTS 85,832 85,832
CONAGRA FOODS INC B/E 28,249 28,249
DISCOVERY COMM INC NTS 108,562 108,562
DOLLAR TREE INC NTS B/E 107,451 107,451
ENCOMPASS HEALTH ORG 75,397 75,397
EXPEDIA GROUP INC NTS B/E 110,492 110,492
FORTUNE BRANDS HOME & SE 17,529 17,529
FORTUNE BRANDS HOME & SE 97,293 97,293
HCA INC NTS B/E 114,813 114,813
HEWLETT PACKARD CO NTS 124,319 124,319
KRAFT HEINZ FOODS CO NTS 119,945 119,945
L BRANDS INC NTS B/E 133,272 133,272
MICROCHIP TECHNOLOGY INC NTS B/E 131,158 131,158
MOLSON COORS BREWING CO 111,503 111,503
MOTOROLA SOLUTIONS INC 119,372 119,372
NEWELL BRANDS INC NTS B/E 15,906 15,906
ORACLE CORP NTS B/E 108,461 108,461
QORVO INC NTS B/E 105,225 105,225
QVC INC B/E 15,509 15,509
QVC INC NTS B/E 100,353 100,353
REYNOLDS AMERN INC B/E 107,671 107,671
SBA COMMUNICATIONS CORP 121,054 121,054
SERVICE CORP INTL B/E 118,369 118,369
STEEL DYNAMICS INC NTS 135,070 135,070
TEGNA INC NTS B/E 129,007 129,007
TOTAL SYS SERVICES IN 133,145 133,145
TRANSDIGN INC NTS B/E 127,628 127,628
TRIMBLE NAV LTD B/E 44,183 44,183
UNITED RENTALS NORTH AM 85,289 85,289
UNITED RENTALS NORTH AM 0BP 38,466 38,466
VERISK ANALYTICS INC B/E 106,029 106,029
VERIZON COMMUNICATIONS 117,041 117,041
WABTEC B/E 57,738 57,738
WABTEC NTS B/E 51,169 51,169
WESTERN DIGITAL CORP NTS 107,354 107,354
WILLIS GROUP N AMER B/E 104,785 104,785
ZIMMER BIOMET HOLDINGS 107,624 107,624

TY 2022 InvestmentsCorpStockSchedule
Name:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
Name of Stock End of Year Book Value End of Year Fair Market Value
ABB LTD SPON ADR 23,820 23,820
ACTIVISION BLIZZARD INC 169,405 169,405
ADIDAS AG SPON ADR 3,048 3,048
ADOBE INC. (DELAWARE) 81,777 81,777
ADVANCE AUTO PARTS INC 116,448 116,448
ADYEN N V ADR 5,548 5,548
AIA GROUP LTD SPON ADR 89,482 89,482
AIR LIQUIDE ADR FRANCE ADR 10,973 10,973
AIRBUS SE UNSPONSORED ADR 16,491 16,491
ALIBABA GROUP HLDG LTD SPON 70,120 70,120
ALLEGION PLC 187,573 187,573
ALPHABET INC CLASS A COMMON STOCK 130,845 130,845
AMADEUS IT GROUP UNSPONSORED 10,699 10,699
AMAZON.COM INC 110,712 110,712
AMERICAN MOVIL SAB DE CV 6,170 6,170
AMERICAN TOWER CORP REIT 285,164 285,164
AMGEN INC 312,279 312,279
ANALOG DEVICES INC 82,999 82,999
ANHEUSER BUSCH INBEV SPON ADR 16,571 16,571
ANSYS INC 59,673 59,673
AON PLC CL A 6,903 6,903
APPLE INC 597,678 597,678
APPLIED MATERIALS INC 146,070 146,070
ASAHI KAISEI CORP UNSPON ADR 8,102 8,102
ASML HLDG NV SPON ADR 32,238 32,238
ASPEN TECHNOLOGY INC DEL 44,366 44,366
ASSA ABLOY AB ADR 4,740 4,740
ASTRAZENECA PLC SPON ADR 39,934 39,934
ATLASSIAN CORP CL A 47,097 47,097
AUTODESK INC 88,203 88,203
B&M EUROPEAN VALUE RETAIL SA 3,897 3,897
BEIGENE LTD SPON ADR 9,677 9,677
BENTLEY SYSTEMS INC CL B 83,493 83,493
BERKLEY W R CORP 102,832 102,832
BERKSHIRE HATHAWAY INC DEL CL B 345,659 345,659
BHP GROUP LTD SPON ADR 6,329 6,329
BIO RAD LABORATORIES INC CL A 87,041 87,041
BLACKSTONE INC CL A 58,017 58,017
BLOCK INC CL A 48,890 48,890
BRIGHT HORIZONS FAMILY SOLUTIONS INC 35,147 35,147
BRISTOL MYERS SQUIBB CO 359,966 359,966
BRITISH AMER TABACCO PLC GB 24,268 24,268
BROADCOM INC 181,717 181,717
CADENCE DESIGN SYSTEM 106,826 106,826
CATERPILLAR INC 401,263 401,263
CHARLES RIVER LABORATORIES 74,740 74,740
CHEMED CORP NEW 51,553 51,553
CHINA MERCHANTS BK CO LTD 37,591 37,591
CHIPOTLE MEXICAN GRILL INC 77,699 77,699
CINTAS CORP 168,454 168,454
CISCO SYSTEMS INC 198,802 198,802
COCA COLA COMPANY 314,933 314,933
COMPAGNIE FINANCIERE RICHEMONT 9,319 9,319
COOPER COMPANIES INC NEW 85,974 85,974
COPART INC 67,466 67,466
COSAN S A SPON ADR 34,962 34,962
CREDICORP LTD 32,287 32,287
DAIICHI SANKYO CO LTD SPON ADR 8,498 8,498
DAIKIN INDS LTD ADR 4,805 4,805
DANAHER CORP 166,684 166,684
DANONE SPON ADR 8,244 8,244
DEUTSCHE BOERSE ADR 6,057 6,057
DOLBY LABORATORIES INC CL A 55,727 55,727
DOLLAR GEN CORP NEW 141,348 141,348
DSV A/S ADR 8,177 8,177
DYNATRACE INC 89,316 89,316
ECOLAB INC 63,173 63,173
ECOLAB INC 184,716 184,716
EDWARDS LIFESCIENCE CORP 82,817 82,817
ENEL SPA ADR 8,314 8,314
ENGIE SPON ADR 10,339 10,339
ENN ENERGY HOLDINGS LTD SPON 22,693 22,693
ENPHASE ENERGY INC 56,966 56,966
EPAM SYSTEMS INC 30,480 30,480
EPIROC AKTIEBOLAG ADR 9,831 9,831
EQUIFAX INC 63,750 63,750
ESSILORLUXITTICA ADR 27,717 27,717
EXPONENT INC 66,886 66,886
FAIR ISAAC CORP 48,485 48,485
FORTIVE CORP 79,863 79,863
FUJITSU ADR NEW JAPAN ADR 9,560 9,560
GENMAB A/S SPON ADR 22,758 22,758
GIVAUDAN SA ADR 13,550 13,550
GLOBANT S A 17,993 17,993
GLOBUS MED INC CL A 69,517 69,517
GRUPO FINANCIERO BANORTE SPON 23,899 23,899
HDFC BANK LTD ADR REPSTG 3 ORD 70,325 70,325
HENRY JACK & ASSOC INC 46,348 46,348
HERMES INTL SCA ADR 17,182 17,182
HOME DEPOT INC 83,071 83,071
HONEYWELL INTL INC 306,235 306,235
HONG KONG EXCHANGES & CLEARING LTD ADR 2,360 2,360
IBERDROLA SA SPON ADR 15,571 15,571
ICICI BANK LTD SPON ADR 77,140 77,140
IDEXX LABS 101,990 101,990
INDUSTRIA DE DISENO TEXTIL IND 15,709 15,709
ING GROEP N V NL SPON ADR 5,623 5,623
INPEX COPR ADR 4,155 4,155
INTERACTIVE BROKERS GROUP INC 64,319 64,319
INTUIT 292,693 292,693
ISHARES RUSSELL 2000 ETF 761,779 761,779
JARDINE MATHESON HD-UNSP ADR ADR 5,834 5,834
JD COM INC CLA A SPON ADR 36,597 36,597
JOHNSON & JOHNSON 299,775 299,775
JPMORGAN CHASE & CO 294,215 294,215
KERING S A UN SPONSORED ADR 21,581 21,581
KEYENCE CORP ORD JPY 26,110 26,110
LENNOX INTL INC 52,152 52,152
LILLY ELI & CO 657,414 657,414
LONDON STK EXCHANGE UNSPONSORED ADR 22,883 22,883
LOREAL CO ADR FRANCE ADR 15,460 15,460
LOWES COMPANIES INC 155,208 155,208
LPL FINL HLDGS INC COM 72,417 72,417
LVMH MOET HENNESSY LOUIS NEW 19,992 19,992
MARTIN CURRIE SMA-SHARES SERIES EM FUND CLASS NL 832,030 832,030
MARVELL TECHNOLOGY INC 78,895 78,895
MASTERCARD INC CL A 156,131 156,131
MATTHEWS PACIFIC TIGER FUND INVESTOR SHARE 1,235,813 1,235,813
MCDONALDS CORP 319,925 319,925
MEITUAN ADR 47,912 47,912
MERCADOLIBRE INC 10,155 10,155
MERCK & CO INC 315,986 315,986
MICROCHIP TECHNOLOGY INC 149,141 149,141
MICROSOFT CORP 306,730 306,730
MINTH FROUP LTD UN SPON ADR 18,480 18,480
MONOLITHIC POWER SYSTEMS INC 96,182 96,182
MOODYS CORP 142,653 142,653
MSCI INC 252,587 252,587
MTU AERO ENGINES HLDINGS AG ADR 8,963 8,963
NESTLE S A SPONSORED ADR 22,491 22,491
NETEASE INC SPON ADR 3,995 3,995
NICE LTD SPON ADR 4,423 4,423
NIDEC CORP ADR 5,172 5,172
NIKE INC CL B 102,618 102,618
NIPPON TELEG & TEL CORP SPON 15,340 15,340
NITORI HLDGS CO LTD ADR 8,736 8,736
NOKIA CORP SPONS ADR FINLAND ADR 5,948 5,948
NORDSON CORP 82,489 82,489
NOVO NORDISK ADR DENMARK ADR 47,640 47,640
NVDIA CORP 104,198 104,198
ORACLE CORPORTION 349,602 349,602
ORSTED A/S UNSPONSORED ADR 4,921 4,921
P.T. TELEKOMUNIKASI INDONESIA 20,988 20,988
PFIZER INC 275,620 275,620
PING AN INSURANCE (GROUP) CO OF CHINA LTD REPSTG20 H SHS SPON ADR 46,209 46,209
POOL CORP 79,210 79,210
PROCTOR & GAMBLE CO 333,584 333,584
PT BK RAKYAT ADR 46,073 46,073
RECKITT BENCKISER PLC SPON ADR 13,850 13,850
RECRUIT HLDGS CO LTD UN SPONSORED ADR 9,081 9,081
RELX PLC SPON ADR 7,872 7,872
ROLLINS INC 43,154 43,154
ROPER TECHNOLOGIES INC 160,737 160,737
ROYAL KPN N.V. SPON ADR 12,066 12,066
SAFRAN SA ADR 28,585 28,585
SAP SE SPON ADR 16,304 16,304
SCOTTS MIRACLE-GRO CO CL A 32,944 32,944
SEA LDT ADR 7,805 7,805
SERVICENOW INC 97,068 97,068
SHERWIN WILLIAMS CO 145,721 145,721
SHIN ETSU CHEM CO LTD ADR 15,714 15,714
SHIONOGI & CO LTD ADR 8,938 8,938
SHOPIFY INC CL A 4,790 4,790
SIKA AG UNSPONSORED ADR 9,664 9,664
SITEONE LANDSCAPE SUPPLY INC 60,420 60,420
SMC CORP YEN SHS ORD JPY 14,743 14,743
SOCIEDAD QUIMICA I MINERA 5,589 5,589
SPDR S&P 500 ETF TRUST 3,449,519 3,449,519
STARBUCKS CORP 158,422 158,422
STAUMANN HLDG AG ADR 10,236 10,236
STMICROELECTRONICS N.V EUR 14,406 14,406
STRYKER CORP 286,542 286,542
TAIWAN SEMICONDUCTOR MFG CO 174,903 174,903
TARGET CORP 425,062 425,062
TELEDYNE TECHNOLOGIES INC 57,587 57,587
TENCENT HLDGS LTD ADR 142,118 142,118
TERADYNE INC 62,455 62,455
TERUMO CORP ADR 4,989 4,989
TFI INTL INC CAD 16,038 16,038
THERMO FISHER SCIENTIFIC INC 314,995 314,995
THOR INDUSTRIES INC 55,863 55,863
TOKYO ELECTRON LTD ADR 2,560 2,560
TOTALENERGIES SE SPON ADR 29,426 29,426
UNICHARM CORP SPON ADR 6,968 6,968
UNITED PARCEL SVC INC CL B 354,460 354,460
UNITEDHEALTH GROUP INC 326,591 326,591
VANGUARD FTSE DEVELOPED MKT 18,845 18,845
VERISK ANALYTICS INC 124,023 124,023
VIRTUS KAR INTERNATIONAL SMALL-CAP FUND CLASS I 1,207,819 1,207,819
VISA INC CL A COMMON STOCK 324,106 324,106
WAL MART DE MEXICO SAB DE CV 28,866 28,866
WALMART INC COMMON STOCK 331,505 331,505
WASTE MANAGEMENT INC DEL 354,392 354,392
WATSCO INC 47,386 47,386
WEG SA BRAZIL SPON ADR 42,592 42,592
WEST PHARMACEUTICAL SERVICES 72,723 72,723
WORLDLINE SA UNSPONSORED ADR 3,216 3,216
WUXI BIOLOGICS CAYMAN INC ADR 22,093 22,093
XCEL ENERGY INC COMMON STOCK 291,447 291,447
XINYI SOLAR HLDGS LTD ADR 14,431 14,431
ZEBRA TECHNOLOGIES CORP CL A 63,077 63,077
ZOETIS INC 152,705 152,705

TY 2022 InvestmentsGovtObligationsSch
Name:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
US Government Securities - End of Year Book Value:

42,175
US Government Securities - End of Year Fair Market Value:

42,175
State & Local Government Securities - End of Year Book Value:


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


0


TY 2022 InvestmentsOtherSchedule2
Name:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALKEON GROWTH OFFSHORE FUND II LTD SUB CLASS 3 FMV 1,461,495 1,461,495
ALPHAKEYS MILLENIUM FD II LLC CLASS B A/O FMV 3,419,113 3,419,113
CALAMOS INVT TR NEW MARKET NEUTRAL FD CL I FMV 464,549 464,549
CLOVER PCO II ORIGINAL FEEDER FMV 1,073,904 1,073,904
CLOVER PCO II SECONDARY FEEDER FMV 472,054 472,054
DIAMOND HILL LONG-SHORT FUND CLASS I FMV 486,437 486,437
NORTHERN PACIFIC GROWTH FOUNDATION PARTNERS, LP FMV 2,658,474 2,658,474

TY 2022 LegalFeesSchedule
Name:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 1,334 0   1,334


TY 2022 OtherAssetsSchedule
Name:
JOHN AND 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 84,734 21,467 21,467


TY 2022 OtherDecreasesSchedule
Name:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
Description Amount
UNREALIZED LOSS ON INVESTMENTS 10,122,877


TY 2022 OtherExpensesSchedule
Name:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROGRAM EXPENSE 111,055 0   135,224
TECHNOLOGY, COMPUTER, & WEBSITE FEES 32,293 0   36,714
OFFICE EXPENSES 24,050 0   81,110
FILING FEES 102 0   102
PARTNERSHIP EXPENSES 0 212,534   0


TY 2022 OtherIncomeSchedule2
Name:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME   318,335  


TY 2022 OtherLiabilitiesSchedule
Name:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED LEASEHOLD ALLOWANCE 62,000 50,000


TY 2022 OtherProfessionalFeesSchedule
Name:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 139,388 139,388   0
PROFESSIONAL DEVELOPMENT AND CONSULTING 22,970 0   22,970


TY 2022 TaxesSchedule
Name:
JOHN AND DENISE GRAVES FOUNDATION
EIN:
47-1300668
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 147,499 0   0
PROPERTY TAXES 14,240 0   14,240
FOREIGN TAXES 0 2,798   0