TY 2024 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

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
Raymond A & Gertrude D Hyer Foundation

% Robert J Krall

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)

(304) 242-2300

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

$36,538,904J 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	144,894		144,894
4	Dividends and interest from securities...	788,952		788,952
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,182,704
b	Gross sales price for all assets on line 6a 4,459,218
7	Capital gain net income (from Part IV, line 2)...			2,182,704
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........	3,116,550		3,116,550
13	Compensation of officers, directors, trustees, etc.	361,646		120,549		241,097
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	4,517
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	5,521	4,489		1,032
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	371,684		125,038		242,129
25	Contributions, gifts, grants paid.......	1,380,000				1,380,000
26	Total expenses and disbursements. Add lines 24 and 25	1,751,684		125,038		1,622,129
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,364,866
b	Net investment income (if negative, enter -0-)			2,991,512
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

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.............	1,398,131	1,072,410	1,072,411
	2	Savings and temporary cash investments.........	848,752	1,660,387	1,660,387
	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).......	14,043,196	List of Attached Documents: // Content 14,472,148	27,613,384
	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)..........	5,700,000	List of Attached Documents: // Content 6,150,000	6,192,722
	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)	21,990,079	23,354,945	36,538,904
	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...........	21,990,079	23,354,945
	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).....	21,990,079	23,354,945
	30	Total liabilities and net assets/fund balances (see instructions).	21,990,079	23,354,945

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

21,990,079

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

1,364,866

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

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

23,354,945

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 .

23,354,945

Form 990-PF (2024)

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	Publically Traded Securities
b
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	4,459,218	2,276,514	2,182,704
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			2,182,704
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	2,182,704
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	41,582
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	41,582
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	41,582
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	10,400
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	10,400
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	31,182
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

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 2024 or the taxable year beginning in 2024? 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 2024, 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 (2024)

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 2024? .............

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 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

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 2024 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 2024.) .....................

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 2024? ..

Form 990-PF (2024)

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	120,549
83 Edgington Lane Wheeling,WV26003	Trustee 2.50	120,549
Robert J Krall	Trustee 2.00	120,548
83 Edgington Lane Wheeling,WV26003	Trustee 2.00	120,548
Holly S Planinsic	Trustee 2.00	120,549
83 Edgington Lane Wheeling,WV26003	Trustee 2.00	120,549
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 (2024)

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 (2024)

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

32,076,531

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

3,457,648

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

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

35,534,179

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

35,534,179

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

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

533,013

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

35,001,166

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

1,750,058

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

1,750,058

Tax on investment income for 2024 from Part V, line 5 .......

41,582

Income tax for 2024. (This does not include the tax from Part V.) ...

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

41,582

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

1,708,476

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

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

1,708,476

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

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

1,708,476

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 ..........

1,622,129

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. .......

1,622,129

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7		1,708,476
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......	1,621,408
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $ 1,622,129
a Applied to 2023, but not more than line 2a	1,621,408
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 2024 distributable amount.....		721
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2024.
(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 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........		1,707,755
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 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

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 2024, 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) 2024	(b) 2023	(c) 2022	(d) 2021	(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 (2024)

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	35,000
OGLEBAY FOUNDATION 255 MANSION DR Wheeling,WV26003	NA	PC	Youth Activities	100,000
KINGS DAUGHTERS CHILD CARE CENTER 61 13TH ST Wheeling,WV26003	NA	PC	CONSTRUCTION PROJECT STAFF RETENTION GENERAL	305,000
WHEELING HEALTH RIGHT INC 61 29TH ST Wheeling,WV26003	NA	PC	PAY OFF MORTGAGE MOBILE MEDICAL UNIT STAFF	491,000
WHEELING CENTRAL CATHOLIC HIGH SCH 75 14TH ST Wheeling,WV26003	NA	PC	SCHOOL WISH LIST ITEMS	156,000
SHRINERS CHILDREN HOSPITALS 1 CHILDRENS PLAZA 2 WEST Dayton,OH45404	NA	PC	GENERAL PURPOSES	10,000
BEYOND THE BACKYARD 227 CAPITOL STREET Charleston,WV253026003	NA	PC	GENERAL PURPOSES	5,000
HOUSE OF THE CARPENTER 200 S FRONT ST Wheeling,WV26003	NA	PC	GENERAL PURPOSES	86,000
CENTER WHEELING FELLOWSHIP 41-22ND STREET Wheeling,WV26003	NA	PC	NEW BOILER	25,000
CITY OF WHEELING PARKS RECREATION 51 16TH STREET Wheeling,WV26003	NA	PC	NEW ROOF ISLAND POOL	20,000
SOCIETY OF ST VINCENT DE PAUL 2244 MARSHALL AVENUE Wheeling,WV26003	NA	PC	GENERAL OPERATIONS	15,000
SOUP KITCHEN OF GREATER WHEELING 1610 EOFF STREET Wheeling,WV26003	NA	PC	GENERAL OPERATIONS	100,000
HOH SHARE 88 14TH STREET Wheeling,WV26003	NA	PC	GENERAL PURPOSES	7,000
DRY RIDGE COMMUNITY CENTER 259 CEDAR CREEK LANE Cameron,WV26033	NA	PC	IMPROVEMENTS	5,000
FAMILY SERVICES 2200 MAIN STREET Wheeling,WV26003	NA	PC	OPERATIONS	8,000
FRIENDS OF WHEELING PO BOX 889 Wheeling,WV26003	NA	PC	REFURBISH 722-724 MAIN STREET	5,000
OHIO VALLEY RECOVERY INC 4850 EOFF STREET Benwood,WV26031	NA	PC	UNITY CENTER GENERAL OPERATIONS	7,000
Total ................................. 3a				1,380,000

bApproved for future payment

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

Form 990-PF (2024)

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	144,894
4 Dividends and interest from securities ....			14	788,952
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	2,182,704
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) ..				3,116,550

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

3,116,550

(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 (2024)

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 (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 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
2601 SHS AT&T	62,470	59,225
1200 SHS ABBOTT LABORATORIES	45,111	135,732
1200 SHS ABBVIE INC	68,544	213,240
1500 SHS ALPHABET INC A	55,834	283,950
2400 SHS ALPHABET INC C	119,485	457,056
2880 SHS AMAZON COM INC	137,861	631,843
1080 SHS AMERICAN EXPRESS	50,128	320,533
1200 SHS AMGEN INCORPORATED	69,786	312,768
2100 SHS APA CORP	174,936	48,489
5497 SHS APPLE INC	202,095	1,376,559
548 SHS AVALONBAY CMNTYS INC	78,897	120,544
5554 SHS BANK OF AMERICA CORP	114,521	244,098
4490 SHS BHP BILLITON LTD	288,678	219,247
150 SHS BLACKROCK INC	58,645	153,767
1210 SHS BOEING CON	168,421	214,170
5210 SHS BRISTOL MYERS SQUIBB	246,948	294,678
1550 SHS CARRIER GLOBAL CORP	0	0
1040 SHS CATERPILLAR INC	107,867	377,270
8600 SHS CISCO SYSTEMS INC	231,816	509,120
1712 SHS CITIGROUP INC	104,383	120,508
620 SHS COMCAST CORP	23,276	23,269
2000 SHS CONOCOPHILLIPS	116,064	198,340
600 SHS DEVON ENERGY	41,871	19,638
2430 SHS DISNEY	150,612	270,581
13805855 SHS DODGE & COX INTL	519,278	688,912
2000 SHS EMERSON ELECTRIC	147,397	247,860
2564 SHS EQT CORP	67,456	118,226
2051 SHS EQUITRANS MIDSTREAM C	0	0
4149 SHS EXXON MOBIL	323,432	446,308
268 SHS FEDEX CORP	66,845	75,396
4000 SHS FIFTH THIRD BANK	0	0
1800 SHS FREEPORT MCMORAN COPP	100,295	68,544
470 SHS GOLDMAN SACHS GROUP IN	103,271	269,131
1200 SHS HEALTHPEAK PPTYS INC	35,239	24,324
2836 SHS HERSHEY CO	0	0
1632 SHS HOME DEPOT INC	53,473	634,832
3300 SHS INTEL CORP	86,398	66,165
21827 SHS INVESCO SP MIDCAP400	624,252	1,056,826
35168 SHS ISHARES IBONDS DEC24	0	0
27264 SHS ISHARES IBONDS DEC25	699,060	682,963
24822 SHS ISHARES IBONDS DEC26	629,871	597,466
24386 SHS ISHARES IBONDS DEC27	629,919	584,289
22780 SHS ISHARES IBONDS DEC28	629,943	567,222
12905 SHS ISHARES MSCI EMRG MR	570,121	539,687
12228 SHS ISHARES SP MIDCAP400	765,862	1,528,011
7966 SHS ISHARES CORE S&P SMAL	590,475	917,843
215 SHS INTERNATIONAL PAPER	100,026	116,197
270 SHS INTL FLAVORS & FRGRANC	37,128	22,829
600 SHS JOHNSON & JOHNSON	38,450	86,772
2100 SHS JP MORGAN CHASE	120,132	503,391
800 SHS LILLY ELI & CO	63,328	617,600
1034 SHS LINDE PLC	169,007	432,905
4424 SHS MASCO CORP	98,669	321,050
215703 SHS MATTHEWS INDIA FUN	63,361	54,638
2400 SHS MEDTRONIC INC	186,350	191,712
750 SHS META PLATFORMS INC	229,602	439,133
4086 SHS MICROSOFT INC	202,408	1,722,249
800 SHS 3M COMPANY	107,385	103,272
1700 SHS ORACLE CORP	82,871	283,288
243 SHS ORION OFFICE REIT	0	0
4600 SHS PAYCHEX INC	167,842	645,012
2732 SHS PEPSICO INCORPORATED	236,563	415,428
12862 SHS PFIZER	243,282	341,229
650 shs phillips 66	39,252	74,055
2036 SHS PRCTOR & GAMBLE	136,030	341,335
1550 SHS RAYTHEON TECH UNITED	74,694	179,366
2431 SHS REALTY INCOME CORP	83,102	129,840
1100 SHS SCHLUMBERGER LTD	76,148	42,174
2524 SHS SPDR FUND CONSUMER	0	0
4125 SHS SECTOR SPRD TECH SELE	0	0
1565 SHS SERVICE PPTYS TR	0	0
22 SHS SYLVAMO CORP	0	0
150 SHS SIMON PPTY GROUP	23,622	25,832
5145 SHS SPDR S&P REGIONAL BAN	0	0
1600 SHS THE COCA COLA CO	61,934	99,616
300 SHS THERMO FISHER SCNTFC	47,643	156,069
9640 SHS TJX COS INC	207,745	1,164,608
1654 SHS TRAVELERS COMPANIES I	120,999	398,432
749 SHS UNION PACIFIC CORP	24,206	170,802
1514 SHS VANGUARD INFO TECHNLO	0	0
262 SHS UNITEDHEALTH GROUP	137,891	132,535
1265 SHS VISA INC	23,706	399,791
2300 SHS WALGREEN COMPANY	88,922	21,459
3000 SHS WALMART INC	144,726	271,050
7360 SHS WEYERHAEUSER CO	192,902	207,184
541 SHS ZIMMER HOLDINGS INC	42,450	57,146
522 SHS DOW INC	24,379	20,948
314 SHS WARNER BROS DISCOVER	0	0
614 SHS WOODSIDE ENERGY GROUP	0	0
54 SHS ZIMVIE INC	0	0
617 SHS PROLOGIS INC	33,527	65,217
365 SHS AIR PROD & CHEMS INC	100,847	105,865
31 SHS BOOKING HLDGS INC	116,662	154,021
184 SHS COSTCO WHOLESALE	156,980	168,594
604 SHS DANAHER CORP	160,047	138,648
600 SHS GE AEROSPACE	100,116	100,074
2059 SHS GE HEALTHCARE TECH	163,347	160,972
921 SHS GE VERONA INC	164,108	302,945
1686 SHS MORGAN STANLEY	164,200	211,964
1283 SHS NVIDIA CORP	155,057	172,294
335 SHS SALESFORCE	79,938	112,001
200 SHS SALENTUM CORP	19,728	13,212

- TIN:

TY 2024 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	200,391
50K SALLIE MAE BANK CD 0.55%	0	0
50K BMO HARRIS BANK 2.8%	0	0
100K UNIVERSITY BANK 4.15%	100,000	100,442
STATE BANK OF INDIA 4.95%	100,000	100,370
BMW BANK OF NORTH 4.35%	100,000	101,260
STATE BANK 4.85%	100,000	103,148
225K SYNCHRONY BANK CD 3.3%	0	0
50K CAPITAL ONE BANK 3.15%	0	0
100K FORBRIGHT BANK 4%	100,000	100,277
BANK OF CHINA 5.15%	100,000	100,135
bmw bANK OF NORTH 3.8%	50,000	49,744
bARCLAYS bANK 5.0%	200,000	200,928
75K AMERICAN EXPRESS 3.3%	0	0
AVAILA BANK 5.05%	100,000	101,917
BANK OF AMERICA 4.35%	150,000	150,285
MERRICK BANK 4.0%	150,000	150,444
100K GOLDMAN SACHS CD 2.8%	0	0
50K UBS BANK USA CD 0.65%	0	0
100K WELLS FARGO & CO 3.75%	0	0
CELTIC BANK 4.7%	100,000	101,416
THE LYONS BANK 4.85%	100,000	100,878
MORGAN STANLEY 4.35%	100,000	101,551
100K GOLDMAN SACHS BANK CD 2.75%	0	0
THE STATE BANK 4.7%	100,000	100,928
100K FIRST FOUNDATION 4.5%	0	0
UBS BANK 4.55%	200,000	202,966
FIRST GUARANTY BANK 3.9%	100,000	99,855
TEXAS EXCHANGE 3.7%	200,000	198,068
225K GOLDMAN SACHS BANK CD 3.3%	0	0
75K CUSTOMERS BANK 3.2%	0	0
50K CAPITAL ONE 3.3%	50,000	49,743
SPIRITBANK 4.9%	100,000	102,650
BMW BANK OF NORTH 4.6%	100,000	101,426
SECURITY FIRST 5.25%	100,000	100,825
200K SALLIE MAE BANK 1.7%	0	0
100K FNB OF MCGREGOR 3.7%	100,000	99,653
CELTIC BANK CORP	150,000	152,883
FIRST FEDERAL BANK 3.9%	100,000	100,004
BANK OF AMERICA 5.05%	100,000	100,802
100K WELLS FARGO & CO 3.7%	0	0
200K DISCOVER BANK 4.95%	200,000	201,373
CIBC BANK USA 4.5%	200,000	203,571
AMERICA EXPRESS 3.85%	200,000	199,588
50K MORGAN STANLEY CD 2.75%	0	0
150K AMERICAN EXPRESS 2.25%	0	0
100K UNIVERSITY BANK 4.3%	100,000	100,146
UNITED FIDELITY 4.5%	100,000	101,924
SALLIE MAE BANK 4.05%	150,000	150,529
MEDALLION BANK 4.5%	200,000	201,157
100K MORGAN STANLEY PR 2.9%	0	0
50K DISCOVER BANK 4.85%	50,000	50,822
PARK STATE BANK 4.4%	200,000	203,304
FIRST NATIONAL BANK 3.95%	150,000	150,219
50K WELLS FARGO BANK CD 2.8%	0	0
100K MORGAN STANLEY 3.15%	100,000	99,591
FIRST FOUNDATION 4.55%	100,000	101,465
BANK HAPOALIM 4.05%	150,000	150,260
FIRST NATIONAL BANK 3.95%	100,000	100,097
SOUTHERN BANK 4.75%	200,000	202,373
50K BMW BANK OF NORT 2.85%	0	0
50K CAPITAL ONE BANK 3%	50,000	49,734
PROVIDENCE BANK 4.6%	200,000	203,512
GATE CITY BANK 4.05%	150,000	150,347
MALAGA BANK 4.0	50,000	50,160
100K BLUE FOUNDRY BANK 4.7%	0	0
100K CAPITAL ONE 3.9%	100,000	99,935
CITIZENS BANK 4.7%	150,000	150,010
MERRICK BANK 3.8%	100,000	99,616

- TIN:

TY 2024 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	1,000	0	1,000
ADR Fees	105	105	0
Insurance	0	0	0
WV annual report	25	0	25
Software	4,384	4,384	0
Postage	7	0	7

- TIN:

TY 2024 TaxesSchedule

Name:

Raymond A & Gertrude D Hyer Foundation

EIN:

45-4168812

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
2024 Estimated Taxes	4,517	0	0	0