Calver Foundation

The Calver Foundation is a new, McKinney, Texas-based private foundation (EIN 86-1917009) with IRS ruling date March 2022. It is located at 5809 Settlement Way, McKinney, TX and is managed "% Neil Anderson" per its 990-PF filings, indicating a single-individual or small-family directorship. The foundation's IRS NTEE code is P12 (Human Services - Fund Raising & Fund Distribution), suggesting a general human-services grantmaking orientation. It is still in the earliest years of operating history: the 2020 and 2021 990-PF filings show $1 in assets (essentially a shell/pre-funding period), the 2022 filing shows a one-time $10.58M funding event (total revenue equaled the initial endowment), and the 2023 filing is the first with normal operations. The foundation URL listed in the Granted database (calver.org) is not operated by this foundation - that domain hosts "Calendar Versioning," an unrelated software-versioning standard. No separate foundation website surfaced in research. The practical implication for applicants: this is a closed, relationship-driven private foundation with no public application process, no posted RFP, and no disclosed program priorities beyond the broad NTEE human-services classification.

ProPublica 990-PF filings show a very short operating history, consistent with the 2022 IRS ruling date. Grants paid: 2020 = $0 (shell), 2021 = $0 (shell), 2022 = $0 (initial funding year, no grants distributed), 2023 = $160,000. The 2023 filing - the first operating year - shows total revenue of $910,103, total functional expenses of $181,800, net investment income of $717,153, and total assets end-of-year of $12.19M. Notably the fair market value in the 2023 filing is reported as $41,019,827 - dramatically higher than the book-value total assets of $12.19M. This large gap suggests the foundation holds appreciated or difficult-to-value assets (privately-held securities, real estate, or a donor-retained instrument) that have a much higher fair market value than book value. For applicants the relevant number is the book-value endowment of ~$12.2M and the first-year grant volume of $160K; as the foundation enters its fourth year of operation in 2026 it will need to meet the 5% IRS minimum distribution requirement, which on $12M in assets implies roughly $600K/year in qualifying distributions going forward.

Calver is orders of magnitude smaller than the major Dallas-area grantmakers and is so new that it has no publicly observable giving pattern yet. Its closest peers are other single-director Texas private foundations in the $10M-$20M range - a large cohort that typically funds specific, personal-connection-driven grantees rather than running public programs. Because the foundation is only in year two of distributions, the 2024 and 2025 990-PF filings will be the first to establish any discernible pattern.

As of April 2026, this is a very new foundation with only one operating year of grant activity (2023, $160K paid). The most recent ProPublica filing is tax year 2023, covering a partial ramp-up year. The foundation's presumed website (calver.org) does not belong to the foundation - it hosts the "Calendar Versioning" standard for software projects, a completely unrelated entity. No news coverage, press releases, or grantee disclosures surfaced in research. The 2024 990-PF filing (expected to be filed in 2025 or 2026) will be the first to show the foundation operating at a steady-state payout level and will be the primary public source of grantee information. A large fair-market-value ($41M) vs book-value ($12.2M) gap on the 2023 filing suggests there may be additional undisclosed assets or an appreciated contribution that could lead to larger distributions in future years if liquidated, but this is speculation until a later filing confirms.

1) This is a new, closed private foundation with no public application process. Do not send an unsolicited proposal through calver.org - that domain is not the foundation's site and contact would not reach the foundation. 2) Pull the 2023 Form 990-PF via ProPublica (EIN 86-1917009) to identify the grantees from the foundation's first operating year - those recipients are the best signal of the foundation's actual funding interests given the generic NTEE-code classification. 3) The foundation is administered at a McKinney, TX address "care of Neil Anderson" - any outreach should go through a personal introduction to the director, not a cold form or letter. 4) Because the foundation has only one year of grant history, request sizes are best calibrated to the 2023 total ($160K spread across an unknown number of grantees); an initial ask in the $10K-$25K range is most likely to match historical award sizing. 5) Monitor ProPublica for the 2024 990-PF filing which will provide the first meaningful pattern data; re-evaluate your approach strategy once that filing is available. 6) Honest caveat: as of April 2026, publicly available information about this foundation's funding priorities, application process, and program focus is extremely limited; do not invest significant proposal-writing time without first confirming interest through a personal connection.