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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 07-01-2023 , and ending 06-30-2024
Name of foundation
THE CONOVER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)BAIRD TRUST COMPANY PO BOX 32760
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY402322760
A Employer identification number

35-6672841
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$4,497,514J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 28,474 28,474 28,474
4 Dividends and interest from securities... 49,257 49,257 49,257
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 22,977
b Gross sales price for all assets on line 6a 200,987
7 Capital gain net income (from Part IV, line 2)... 16,487
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
3,568   3,568
12 Total. Add lines 1 through 11........ 104,276 94,218 81,299
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 29,860      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,615      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,220 2,220    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 35,695 2,220   0
25 Contributions, gifts, grants paid....... 190,100 190,100
26 Total expenses and disbursements. Add lines 24 and 25 225,795 2,220   190,100
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -121,519
b Net investment income (if negative, enter -0-) 91,998
c Adjusted net income (if negative, enter -0-)... 81,299
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 94,826 65,397 65,397
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,655,615 Click to see attachment
List of Attached Documents:
// Content
1,634,746 		3,853,725
c Investments—corporate bonds (attach schedule)....... 675,417 Click to see attachment
List of Attached Documents:
// Content
603,836 		578,392
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
7,462 		Click to see attachment
List of Attached Documents:
// Content
7,822 		 
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,433,320 2,311,801 4,497,514
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 2,433,320 2,311,801
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 2,433,320 2,311,801
30 Total liabilities and net assets/fund balances (see instructions). 2,433,320 2,311,801
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,433,320
2
Enter amount from Part I, line 27a .....................
2
-121,519
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,311,801
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,311,801
Form 990-PF (2023)
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 25,000 SHS DOUGLAS CNTY NEB SCHOOL P 2022-03-10 2024-06-17
b 167.757 SHS AMERICAN FDS EUROPACIFIC P 2022-06-27 2024-05-24
c 25,000 SHS FEDERAL HOME LOAN BKS P 2022-09-12 2024-03-08
d .5 SHS GE VERNOVA INC. P 2023-03-15 2024-05-23
e 275 SHS PFIZER INC. P 2019-02-07 2024-04-10
875 SHS PFIZER INC. P 2010-06-11 2024-04-12
25,000 PFIZER INC. NOTE 3.4% P 2018-08-09 2024-05-15
25,000 SHS SCHLUMBERGER INVT NOTE P 2018-08-09 2023-12-01
25,000 SHS US BANCORP MTNS BK P 2016-01-22 2024-01-30
130 SHS VANGUARD SMALLCAP ETF P 2019-12-13 2024-05-28
(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 25,000   24,998 2
b 10,000   8,265 1,735
c 25,000   24,975 25
d 84   36 48
e 7,223   10,774 -3,551
22,982   12,786 10,196
25,000   25,000  
25,000   25,000  
25,000   25,000  
29,208   21,176 8,032
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2
b       1,735
c       25
d       48
e       -3,551
      10,196
       
       
       
      8,032
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 16,487
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 1,279
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,279
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,279
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,245
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,245
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.......right arrow 9 34
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? 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
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowBAIRD TRUST COMPANY Telephone no.right arrow (502) 588-4110

Located atright arrowPO BOX 32760LOUISVILLEKY ZIP+4right arrow402322760
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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)
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
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 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.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CHERYL CONOVER STROUD PRESIDENT
5.00 		0 0 0
122 PAIXHAM PLACE
MTJULIET,TN37122
JANET TOTTEN SEC/TREAS
2.00 		0 0 0
604 E MAIN CROSS ST
EDINBURGH,IN46124
CHRISTINE CONOVER STROUD ASSIST SEC
2.00 		0 0 0
1105 DRAUGHON AVENUE
NASHVILLE,TN37204
BAIRD TRUST COMPANY DIRECTOR
000.00 		29,860 0 0
PO BOX 32760
LOUISVILLE,KY402322760
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
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 CONTRIBUTIONS TO VARIOUS LOCAL ORGANIZATIONS 27 ORGANIZATIONS WERE SERVED DURING THE 2023/2024 FISCAL YEAR. 190,100
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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
4,128,678
b
Average of monthly cash balances.......................
1b
101,949
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,230,627
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
4,230,627
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
63,459
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,167,168
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
208,358
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
208,358
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,279
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,279
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
207,079
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
207,079
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
207,079
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
190,100
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
190,100
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 207,079
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 189,087
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: right arrow$ 190,100
a Applied to 2022, but not more than line 2a 189,087
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..... 1,013
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 .......... 		206,066
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)
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 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
BAIRD TRUST COMPANY
PO BOX 32760
LOUISVILLE,KY402322760
(502) 588-4110
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN STATEMENT OF PURPOSE AND USE OF FUNDS
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2023)
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)
aPaid during the year
ARC OF BARTHOLOMEW COUNTY


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


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


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


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


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


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


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


119 W MAIN CROSS ST
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 3,000
EDINBURGH UNITED METHODIST CHURCH


107 W CAMPBELL ST
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 2,500
FAMILY SERVICES


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


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


3827 N GRAHAM ROAD
FRANKLIN,IN46131 		NONE PUBLIC CHARITABLE 15,000
JOHNSON COUNTY HISTORICAL SOCIETY


135 N MAIN STREET
FRANKLIN,IN46131 		NONE PUBLIC CHARITABLE 8,000
KAPPA KAPPA KAPPA INC


618 MEMORIAL DRIVE
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 4,000
SALVATION ARMY


3100 NORTH MERIDIAN
INDIANAPOLIS,IN46208 		NONE PUBLIC CHARITABLE 5,000
THE NEXT DOOR


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


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


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


600 WALNUT ST
FRANKLIN,IN46131 		NONE PUBLIC CHARITABLE 3,000
THE BRANCH OF NASHVILLE


41 TUSCULUM ROAD
ANTIOCH,TN37013 		NONE PUBLIC CHARITABLE 10,000
HOPE CLINIC FOR WOMEN


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


5033 HILLSBORO PIKE
NASHVILLE,TN37215 		NONE PUBLIC CHARITABLE 20,000
ANCORA TN


PO BOX 160069
NASHVILLE,TN37216 		NONE PUBLIC CHARITABLE 10,000
EVERYTOWN FOR GUN SAFETY


PO BOX 3886
NEW YORK,NY10163 		NONE PUBLIC CHARITABLE 7,000
IMAGINATION LIBRARY OF BARTHOLOMEW


3210 GROVE PKWY
COLUMBUS,IN47203 		NONE PUBLIC CHARITABLE 3,600
WHO SO EVER WILL COMMUNITY CHURCH


623 S EISENHOWER DRIVE
EDINBURGH,IN46124 		NONE PUBLIC CHARITABLE 30,000
FRANKLIN SYMPHONIC COUNCIL


PO BOX 988
FRANKLIN,IN46131 		NONE PUBLIC CHARITABLE 5,000
Total .................................right arrow 3a 190,100
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
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
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 28,474  
4 Dividends and interest from securities ....     14 49,257  
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 16,487 6,490
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL TAX REFUND 		    1 3,000  
bINDIANA TAX REFUND     1 568  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   97,786 6,490
13Total. Add line 12, columns (b), (d), and (e)..................
13
104,276
(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 (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 3,615      

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Name of Bond End of Year Book Value End of Year Fair Market Value
20,000 O'REILLY AUTOMOTIVE NOTE 3.6% 20,057 19,053
25,000 PFIZER INC. NOTE 3.40%    
25,000 SCHLUMBERGER INVT SR NT 3.65%    
25,000 HOME DEPOT SR. NOTE 3.0% 25,112 24,093
25,000 JPMORGAN CHASE & CO. 3.90% 25,146 24,615
25,000 US BANCORP MTNS 3.70%    
25,000 FEDERAL FARM CR BKS 2.50% 24,919 23,295
25,000 FEDERAL FARM CR BKS 4.70% 24,925 24,141
25,000 FEDERAL FARM CR BKS 5.40% 25,836 25,234
25,000 FEDERAL FARM CR BKS 2.375% 24,981 23,513
25,000 FEDERAL HOME LOAN BKS 2.67% 24,962 23,055
25,000 FEDERAL HOME LOAN BKS 2.875% 25,214 24,469
25,000 FEDERAL HOME LOAN BKS 3.625%    
25,000 DOUGLAS CNTY, NEB SCH 2.048%    
25,000 TAMPA BAY WATER 3.252% 25,398 23,124
25,000 APPLE INC. SR GLBL NOTE 3.35% 24,662 24,100
25,000 WALT DISNEY CO. 2.20% 25,662 22,862
25,000 PEPSICO INC. SR NOTE 2.75% 26,568 22,394
25,000 TJX COS INC. SR NOTE 2.25% 25,723 23,555
25,000 UNION PACIFIC SR. NOTE 3.95% 24,625 24,198
25,000 UNITED PARCEL SVCS NOTE 3.90% 25,084 24,719
25,000 TYCO ELECTRONICS NOTE 3.70% 24,888 24,410
25,000 COMCAST CORP SR NOTE 3.95% 24,942 24,606
25,000 PARKER HANNIFIN CORP SR 4.50% 24,394 24,364
25,000 PROGRESSIVE CORP NOTE 4.00% 24,825 23,943
25,000 CHARLES SCHWAB CORP 4.625% 25,279 24,587
25,000 WALMART INC SR NOTE 4.15% 25,103 24,116
30,000 KY HOUSING CORP 5.221% 30,000 30,382
25,000 TRUIST FINANCIAL CORP VARIABL 25,531 25,564

TY 2023 InvestmentsCorpStockSchedule
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Name of Stock End of Year Book Value End of Year Fair Market Value
1,011.122 DODGE & COX INTL. 1048 40,000 51,274
100 JPMORGAN CHASE & CO. 4,664 20,226
1000 APPLE INC. 14,618 210,620
120 CISCO SYSTEMS INC. 2,210 5,701
120 HOME DEPOT INC. 21,925 41,309
120 OMNICOM GROUP INC. 8,882 10,764
120 PROGRESSIVE CORP. 7,504 24,925
125 EXPEDITORS INTL. WASH INC. 8,895 15,599
130 JOHNSON & JOHNSON 17,105 19,001
150 BERKSHIRE HATHAWAY 9,960 61,020
150 GE AEROSPACE 7,737 23,846
150 WALT DISNEY CO. 16,514 14,893
1555 CHARLES SCHWAB INC. 55,211 114,588
165 O'REILLY AUTOMOTIVE INC. 29,093 174,250
1696.109 DODGE & COX INTL. FUND 1048 71,542 86,010
170 TE CONNECTIVITY LTD. 13,763 25,573
175 META PLATFORM, INC. 40,677 88,238
175 US BANCORP 8,860 6,947
1750 BANK OF AMERICA CORP. 50,522 69,597
195 JPMORGAN CHASE & CO. 19,800 39,441
195 WELLS FARGO & CO. 9,314 11,581
200 PARKER HANNIFIN CORP. 58,370 101,162
205 CISCO SYSTEMS INC. 9,571 9,740
230 TJX COS. INC. 11,100 25,323
235 UNION PACIFIC CORP. 22,582 53,171
25 HOME DEPOT INC. 4,379 8,606
25 US BANCORP 1,277 993
275 PFIZER INC.    
300 ALPHABET INC. 16,335 55,026
300 CARMAX INC. 26,014 22,002
300 JPMORGAN CHASE & CO. 35,309 60,678
3044.449 AMERICAN FUNDS EUROPACIFIC 141,735 164,921
167.757 AMERICAN FUNDS EUROPACIFIC    
305 PROGRESSIVE CORP. 20,511 63,352
315.657 DODGE & COX INTL. FUND 1048 10,000 16,007
35 O'REILLY AUTOMOTIVE INC. 12,625 36,962
355 HOME DEPOT INC. 10,099 122,205
379.507 DODGE & COX INTL. FUND 1048 14,000 19,245
395 JOHNSON & JOHNSON 25,402 57,733
400 FASTENAL CO. 12,148 25,136
405 OMNICOM GROUP INC. 18,444 36,328
422.416 DODGE & COX INTL. FUND 1048 15,000 21,421
425 EXPEDITORS INTL. INC. 15,716 53,036
4341.534 ALLSPRING EMERGING MARKETS 150,000 114,009
475 JPMORGAN CHASE & CO. 23,821 96,073
500 CISCO SYSTEMS INC. 8,701 23,755
500 TE CONNECTIVITY LTD. 18,205 75,215
500 WALT DISNEY CO. 14,145 49,645
500 WALT DISNEY CO. 46,098 49,645
55 TE CONNECTIVITY LTD 5,565 8,274
580 FASTENAL CO. 12,400 36,447
621.311 DODGE & COX INTL. FUND 1048 20,000 31,507
65 UNION PACIFIC CORP. 10,433 14,707
650 VANGUARD SMALL-CAP ETF 84,703 113,381
130 VANGUARD SMALL-CAP ETF    
650 WELLS FARGO & CO. 17,394 38,604
670 FASTENAL CO. 13,643 42,103
670 TJX COMPANIES 4,551 73,767
675 MICROSOFT CORP. 17,108 301,691
70 BERKSHIRE HATHAWAY INC. CL B 14,085 28,476
700 CARMAX INC. 41,937 51,338
80 BERKSHIRE HATHAWAY 5,785 32,544
80 JPMORGAN CHASE & CO. 4,373 16,181
80 WELLS FARGO & CO. 4,063 4,751
800 GE AEROSPACE 55,547 127,176
850 PROGRESSIVE CORP. 19,771 176,553
850 US BANCORP 29,410 33,745
875 PFIZER INC.    
900 ALPHABET INC. 24,927 165,078
470 GE VERNOVA INC. 48,668 80,610

TY 2023 OtherAssetsSchedule
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACC INTEREST PURCHASED, NOT RECEIVED 7,462 7,822  


TY 2023 OtherExpensesSchedule
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
AMORTIZATION OF PREMIUM 2,140 2,140    
ACCRUED INTEREST PAID 80 80    


TY 2023 OtherIncomeSchedule2
Name:
THE CONOVER FOUNDATION INC
EIN:
35-6672841
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FEDERAL TAX REFUND 3,000   3,000
INDIANA TAX REFUND 568   568