TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
Raymond A & Gertrude D Hyer Foundation

Number and street (or P.O. box number if mail is not delivered to street address)83 Edgington Lane
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wheeling, WV26003

A Employer identification number

45-4168812

B Telephone number (see instructions)

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$34,157,618J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	80,602		80,602
4	Dividends and interest from securities...	765,231		765,231
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-9,234
b	Gross sales price for all assets on line 6a 3,684,667
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).......
12	Total. Add lines 1 through 11........	836,599		845,833
13	Compensation of officers, directors, trustees, etc.	363,052		115,877		247,175
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	14,837
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	4,266	2,138		2,128
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	382,155		118,015		249,303
25	Contributions, gifts, grants paid.......	1,385,000				1,385,000
26	Total expenses and disbursements. Add lines 24 and 25	1,767,155		118,015		1,634,303
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-930,556
b	Net investment income (if negative, enter -0-)			727,818
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,268,943	1,398,131	1,398,131
	2	Savings and temporary cash investments.........	913,964	848,752	848,752
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	15,142,728	List of Attached Documents: // Content 14,043,196	26,208,285
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	5,595,000	List of Attached Documents: // Content 5,700,000	5,702,450
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	22,920,635	21,990,079	34,157,618
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	22,920,635	21,990,079
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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).....	22,920,635	21,990,079
	30	Total liabilities and net assets/fund balances (see instructions).	22,920,635	21,990,079

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

22,920,635

Enter amount from Part I, line 27a .....................

-930,556

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

21,990,079

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

21,990,079

Form 990-PF (2023)

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	43015shs ISHARES IBONDS 2023	P	2022-01-01	2023-12-31
b	Certificates of Deposits Matured	P	2022-01-01	2023-12-31
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,089,667	1,099,560	-9,893
b	2,595,000	2,595,000
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			-9,893
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-9,234
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 ...................		3

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	10,117
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	10,117
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	10,117
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	16,000
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	16,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	5,883
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax5,883	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

THE FOUNDATION Telephone no. right arrow

(304) 242-2300

Located at right arrow

83 EDGINGTON LANEWheelingWV ZIP+4 right arrow

26003

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

16 At any time during calendar year 2023, 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

Form 990-PF (2023)

Page 5

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

Yes

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2023? .............

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)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 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 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part 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-)
William J Yaeger Jr	Trustee 2.50	121,018
83 Edgington Lane Wheeling,WV26003	Trustee 2.50	121,018
Robert J Krall	Trustee 2.00	121,017
83 Edgington Lane Wheeling,WV26003	Trustee 2.00	121,017
Holly S Planinsic	Trustee 2.00	121,017
83 Edgington Lane Wheeling,WV26003	Trustee 2.00	121,017
Robert P Fitzsimmons	Trustee 0.50	0
83 Edgington Lane Wheeling,WV26003	Trustee 0.50	0

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...................				0

Form 990-PF (2023)

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


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 arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

30,990,186

Average of monthly cash balances.......................

2,141,784

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

33,131,970

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

33,131,970

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

496,980

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

32,634,990

Minimum investment return. Enter 5% (0.05) of line 5................

1,631,750

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.)

Minimum investment return from Part IX, line 6..................

1,631,750

Tax on investment income for 2022 from Part V, line 5.......

10,117

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

10,117

Distributable amount before adjustments. Subtract line 2c from line 1............

1,621,633

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,621,633

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,621,633

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,634,303

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,634,303

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7		1,621,633
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......	1,634,078
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........
4Qualifying distributions for 2023 from Part
XI, line 4: $ 1,634,303
a Applied to 2022, but not more than line 2a	1,634,078
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 2023 distributable amount.....		225
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2023.
(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 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........		1,621,408
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 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

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 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

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.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

Robert J Krall
83 Edgington Lane
Wheeling,WV26003
(304) 242-2300
rkrall@hmhy.com

bThe form in which applications should be submitted and information and materials they should include:

ALL APPLICATIONS FOR GRANTS SHOULD BE MADE BY COMPLETING THE FOUNDATION GRANT APPLICATION FORM. THE APPLICATION FORM REQUESTS VARIOUS INFORMATION AND MATERIALS, INCLUDING GENERAL INFORMATION ABOUT THE OPERATIONS AND EXEMPT STATUS OF THE ORGANIZATION AND REGARDING THE PURPOSE AND USE OF REQUESTED GRANT.

cAny submission deadlines:

none

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

GRANTS ARE LIMITED TO CHARITABLE PURPOSES IN THE US; HOWEVER, PREFERENCE IS AFFORDED TO OHIO COUNTY, WV, AND ITS CONTIGUOUS COUNTIES. IN ADDITION, SPECIAL ONSIDERATION IS GIVEN TO THE EDUCATION OF CHILDREN, HEALTH CARE FOR THE COMMUNITY AND THE NEEDS OF THE POOR AND INFIRM.

Form 990-PF (2023)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
MADISON ELEMENTARY SCHOOL 91 ZANE ST Wheeling,WV26003	NA	PC	ANCHOR PROGRAM	45,000
OGLEBAY FOUNDATION 255 MANSION DR Wheeling,WV26003	NA	PC	SKI SLOPE SNOW GROOMER AND YOUTH COORD	110,000
KINGS DAUGHTERS CHILD CARE CENTER 61 13TH ST Wheeling,WV26003	NA	PC	CONSTRUCTION PROJECT STAFF RETENTION	295,000
WHEELING HEALTH RIGHT INC 61 29TH ST Wheeling,WV26003	NA	PC	PAY OFF MORTGAGE	275,000
WHEELING CENTRAL CATHOLIC HIGH SCH 75 14TH ST Wheeling,WV26003	NA	PC	SCHOLARSHIP STEM COORD PROJECTS	200,000
SHRINERS CHILDREN HOSPITALS 1 CHILDRENS PLAZA 2 WEST Dayton,OH45404	NA	PC	GENERAL PURPOSES	10,000
WHEELING HEALTH RIGHT INC 61 29TH ST Wheeling,WV26003	NA	PC	MOBILE MEDICAL UNIT	250,000
HOUSE OF THE CARPENTER 200 S FRONT ST Wheeling,WV26003	NA	PC	GENERAL PURPOSES	100,000
UNITY CENTER 4850 EOFF STREET Wheeling,WV26003	NA	PC	GENERAL OPERATIONS	20,000
OHIO COUNTY LIBRARY 52 16TH STREET Wheeling,WV26003	NA	PC	GENERAL PURPOSES	25,000
SOCIETY OF ST VINCENT DE PAUL 2244 MARSHALL AVENUE Wheeling,WV26003	NA	PC	GENERAL OPERATIONS	10,000
SOUP KITCHEN OF GREATER WHEELING 1610 EOFF STREET Wheeling,WV26003	NA	PC	GENERAL OPERATIONS	45,000
Total ................................. 3a				1,385,000

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2023)

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	(e) Related or exempt function income (See instructions.)
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	80,602
4 Dividends and interest from securities ....			14	765,231
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	-9,234
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				836,599

13Total. Add line 12, columns (b), (d), and (e)..................

836,599

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

Raymond A & Gertrude D Hyer Foundation

EIN:

45-4168812

Name of Stock	End of Year Book Value	End of Year Fair Market Value
1301 SHS AT&T	36,894	21,831
1200 SHS ABBOTT LABORATORIES	45,111	132,084
1200 SHS ABBVIE INC	68,544	185,964
1500 SHS ALPHABET INC A	55,834	209,535
2400 SHS ALPHABET INC C	119,485	338,232
2880 SHS AMAZON COM INC	137,861	437,587
1080 SHS AMERICAN EXPRESS	50,128	202,327
1200 SHS AMGEN INCORPORATED	69,786	345,624
2100 SHS APACHE CORP	174,936	75,348
6080 SHS APPLE INC	216,974	1,170,582
548 SHS AVALONBAY CMNTYS INC	78,897	102,597
5554 SHS BANK OF AMERICA CORP	114,521	187,003
1700 SHS BHP BILLITON LTD	128,698	116,127
150 SHS BLACKROCK INC	58,645	121,770
1210 SHS BOEING CON	168,421	315,399
5210 SHS BRISTOL MYERS SQUIBB	246,948	267,325
1550 SHS CARRIER GLOBAL CORP	25,304	89,048
1040 SHS CATERPILLAR INC	107,867	307,497
8600 SHS CISCO SYSTEMS INC	231,816	434,472
1712 SHS CITIGROUP INC	104,383	88,065
320 SHS COMCAST CORP	11,554	14,032
2000 SHS CONOCOPHILLIPS	116,064	232,140
600 SHS DEVON ENERGY	41,871	27,180
2430 SHS DISNEY	150,612	219,405
13805855 SHS DODGE & COX INTL	519,278	678,696
1000 SHS EMERSON ELECTRIC	44,077	97,330
2564 SHS EQT CORP	67,456	99,124
2051 SHS EQUITRANS MIDSTREAM C	60,734	20,879
4149 SHS EXXON MOBIL	323,432	414,817
268 SHS FEDEX CORP	66,845	67,796
4000 SHS FIFTH THIRD BANK	118,373	137,960
1800 SHS FREEPORT MCMORAN COPP	100,295	76,626
470 SHS GOLDMAN SACHS GROUP IN	103,271	181,312
1200 SHS HEALTHPEAK PPTYS INC	35,239	23,760
2836 SHS HERSHEY CO	269,847	528,744
1632 SHS HOME DEPOT INC	53,473	565,570
1800 SHS INTEL CORP	56,331	90,450
3611 SHS INVESCO S&P MIDCAP400	444,350	744,873
43015 SHS ISHARES IBONDS DEC23	0	0
35168 SHS ISHARES IBONDS DEC24	899,376	876,035
27264 SHS ISHARES IBONDS DEC25	699,060	675,057
24822 SHS ISHARES IBONDS DEC26	629,871	593,246
24386 SHS ISHARES IBONDS DEC27	629,919	583,557
22780 SHS ISHARES IBONDS DEC28	629,943	571,550
12905 SHS ISHARES MSCI EMRG MR	570,121	518,910
10660 SHSISHARES S&P MIDCAP400	585,818	1,215,666
6300 SHS ISHARES CORE S&P SMAL	410,457	681,975
246 SHS INTERNATIONAL PAPER CO	12,061	8,893
270 SHS INTL FLAVORS & FRGRANC	37,128	21,862
600 SHS JOHNSON & JOHNSON	38,450	94,044
2100 SHS JP MORGAN CHASE	120,132	357,210
800 SHS LILLY ELI & CO	63,328	466,336
1034 SHS LINDE PLC	169,007	424,674
5700 SHS MASCO CORP	112,904	381,786
215703 SHS MATTHEWS INDIA FUN	63,361	56,881
2400 SHS MEDTRONIC INC	186,350	197,712
500 SHS META PLATFORMS INC	96,505	176,980
4562 SHS MICROSOFT INC	215,466	1,715,494
800 SHS 3M COMPANY	127,112	87,456
1700 SHS ORACLE CORP	82,871	179,231
243 SHS ORION OFFICE REIT	5,012	1,390
4600 SHS PAYCHEX INC	167,842	547,906
2732 SHS PEPSICO INCORPORATED	236,563	464,003
12862 SHS PFIZER	243,282	370,297
650 shs phillips 66	39,252	86,541
2036 SHS PRCTOR & GAMBLE	136,030	298,355
1550 SHS RAYTHEON TECH UNITED	74,694	130,417
2431 SHS REALTY INCOME CORP	83,102	139,588
1100 SHS SCHLUMBERGER LTD	76,148	57,244
2524 SHS SPDR FUND CONSUMER	217,152	451,316
4125 SHS SECTOR SPRD TECH SELE	232,035	793,980
1565 SHS SERVICE PPTYS TR	38,710	13,365
22 SHS SYLVAMO CORP	673	1,080
150 SHS SIMON PPTY GROUP	23,622	21,396
5145 SHS SPDR S&P REGIONAL BAN	205,875	269,752
1600 SHS THE COCA COLA CO	61,934	94,288
300 SHS THERMO FISHER SCNTFC	47,643	159,237
9640 SHS TJX COS INC	207,745	904,328
1654 SHS TRAVELERS COMPANIES I	120,999	315,070
749 SHS UNION PACIFIC CORP	24,206	183,969
1514 SHS VANGUARD INFO TECHNLO	123,654	732,776
1265 SHS VISA INC	23,706	329,343
2300 SHS WALGREEN COMPANY	88,922	60,053
500 SHS WALMART INC	42,115	78,825
7360 SHS WEYERHAEUSER CO	192,902	255,907
541 SHS ZIMMER HOLDINGS INC	42,450	65,840
522 SHS DOW INC	24,379	28,626
314 SHS WARNER BROS DISCOVER	11,413	3,573
614 SHS WOODSIDE ENERGY GROUP	13,213	12,949
54 SHS ZIMVIE INC	1,001	959
617 SHS PROLOGIS INC	33,527	82,246

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

Raymond A & Gertrude D Hyer Foundation

EIN:

45-4168812

Category/ Item	Book Value	End of Year Fair Market Value
POPULAR BANK 4.85%	200,000	200,100
50K SALLIE MAE BANK CD 0.55%	50,000	48,729
100K CROSS RIV BK TEA 4.35%	0	0
200K SYNOVUS BANK 1%	0	0
50K BMO HARRIS BANK 2.8%	50,000	49,471
100K UNIVERSITY BANK 4.15%	100,000	99,465
STATE BANK OF INDIA 4.85%	100,000	102,930
50K BMW BANK OF NORTHCD .15%	0	0
50K STATE BANK OF IND 0.4%	0	0
100K HATCH BANK 3.5%	0	0
100K CHARLES SCHWAB 4.75%	0	0
100K BLUE FOUNDRY BANK 4.7%	100,000	99,788
100K CAPITAL ONE 3.9%	100,000	98,843
STATE BANK 4.95%	100,000	100,335
225K SYNCHRONY BANK CD 3.3%	225,000	224,573
50K PACIFIC PREMIER B 1.9%	0	0
100K LUTHER BURBANK S 3.75%	0	0
50K CAPITAL ONE BANK 3.15%	50,000	49,438
100K FORBRIGHT BANK 4%	100,000	99,407
bARCLAYS bANK 5.0%	200,000	196,790
50K UBS BANK USA CD 0.25%	0	0
50K BANKUNITED INC 1.3%	0	0
150K FIRST NNL BANK 1.9%	0	0
75K AMERICAN EXPRESS 3.3%	75,000	74,148
AVAILA BANK 5.05%	100,000	101,796
100K GOLDMAN SACHS CD 2.8%	100,000	99,310
50K UBS BANK USA CD 0.65%	50,000	48,261
50K TOYOTA FINL SAVI 2.55%	0	0
100K SANDY SPRING BAN 2.35%	0	0
100K WELLS FARGO & CO 3.75%	100,000	99,050
CELTIC BANK 4.7%	100,000	100,952
100K GOLDMAN SACHS BANK CD 2.75%	100,000	99,084
THE STATE BANK 4.7%	100,000	100,600
100K FIRST NTL BANK 1.4%	0	0
100K MANUFACTURERS & T 4.8%	0	0
100K FIRST FOUNDATION 4.5%	100,000	99,541
UBS BANK 4.55%	200,000	201,820
50K GOLDMAN SACHS BANK CD 3.05%	0	0
50K WELLS FARGO BANK CD 2.8%	50,000	49,582
75K BERKSHIRE BK PITT 2.8%	0	0
50K THE DART BANK 2.5%	0	0
100K MORGAN STANLEY 3.15%	100,000	97,790
FIRST FOUNDATION 4.55%	100,000	100,869
70K GOLDMAN SACHS BANK CD 3.1%	0	0
SOUTHERN BANK 4.75%	200,000	201,691
100K UBS BANK USA 2%	0	0
50K BMW BANK OF NORT 2.85%	50,000	49,942
50K CAPITAL ONE BANK 3%	50,000	48,759
PROVIDENCE BANK 4.6%	200,000	202,575
225K GOLDMAN SACHS BANK CD 3.3%	225,000	224,573
150K PACIFIC WESTERN 0.95%	0	0
50K WEX BANK 2.2%	0	0
75K CUSTOMERS BANK 3.2%	75,000	74,777
50K CAPITAL ONE 3.3%	50,000	48,912
SPIRITBANK 4.9%	100,000	102,495
SECURITY FIRST 5.25%	100,000	100,979
50K TOYOTA FINL SAVING 2.25%	0	0
100K HATCH BANK 3.6%	0	0
200K SALLIE MAE BANK 1.7%	200,000	198,908
100K FNB OF MCGREGOR 3.7%	100,000	98,418
CELTIC BANK CORP	150,000	152,334
BANK OF AMERICA 5.05%	100,000	100,772
75K STATE BANK OF IN 2.75%	0	0
100K HOMESTREET BANK 4.65%	0	0
100K WELLS FARGO & CO 3.7%	100,000	99,617
200K DISCOVER BANK 4.95%	200,000	201,121
CIBC BANK USA 4.5%	200,000	202,572
50K MORGAN STANLEY CD 2.75%	50,000	49,582
100K BANK BARODA NEW 1.55%	0	0
50K BEAL BANK USA 2.65%	0	0
150K AMERICAN EXPRESS 2.25%	150,000	148,685
100K UNIVERSITY BANK 4.3%	100,000	99,475
UNITED FIDELITY 4.5%	100,000	101,479
MEDALLION BANK 4.5%	200,000	200,142
200K BARCLAYS BANK DE 0.85%	0	0
75K BEAL BANK USA 3%	0	0
100K MORGAN STANLEY PR 2.9%	100,000	99,111
50K DISCOVER BANK 4.85%	50,000	50,627
PARK STATE BANK 4.4%	200,000	202,232

- TIN:

TY 2023 OtherExpensesSchedule

Name:

Raymond A & Gertrude D Hyer Foundation

EIN:

45-4168812

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Membership dues	815	0	815
ADR Fees	76	76	0
Insurance	1,257	0	1,257
WV annual report	25	0	25
Software	2,062	2,062	0
Postage	31	0	31

- TIN:

TY 2023 TaxesSchedule

Name:

Raymond A & Gertrude D Hyer Foundation

EIN:

45-4168812

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
2021 tax due	0	0	0	0
Estimated Taxes	14,837	0	0	0