2023-11-14T17:22:54-06:00 2023-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2022-07-01 382456949 RICHARD U LIGHT FOUNDATION RICH 2693304419 136 E MICHIGAN AVE 800 KALAMAZOO MI 49007 STEPHEN DENENFELD SECRETARY 2693304419 2023-11-14 1 STEPHEN DENENFELD 999009999 0 DORI J EGGETT P00645252 2695674500 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X STEPHEN DENENFELD 136 E MICHIGAN AVENUE STE 800 KALAMAZOO MI 49007 18781 0 X N/A X 1982 MI TO PROMOTE THE EDUCATION OF YOUNG MEN AND WOMEN AND PROVIDE FINANCIAL ASSISTANCE TO ENABLE NEEDY INDIVIDUALS TO SECURE AN EDUCATION. X 3 1 0 0 0 0 0 0 0 0 25417215 18781 0 0 25417215 18781 73325688 561282 0 0 28521 33623 0 0 0 337500 53606 73691709 648511 -48274494 -629730 629730 0 0 0 629730 0 X TO PROMOTE THE EDUCATION OF YOUNG MEN AND WOMEN AND PROVIDE FINANCIAL ASSISTANCE TO ENABLE NEEDY INDIVIDUALS TO SECURE AN EDUCATION. 0 1 561282 561282 YALE UNIVERSITY - TO SUPPORT FOREIGN STUDY FELLOWSHIPS FOR STUDENTS LEARNING THE CHINESE, JAPANESE, OR KOREAN LANGUAGES 561282 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 MI X STEPHEN DENENFELD 2693304419 136 E MICHIGAN AVENUE STE 800 KALAMAZOO MI 49007 BARBARA J PARISH VP/TREASURER 1.00 0.00 X X 15731 0 0 STEPHEN M DENENFELD SECRETARY 1.00 0.00 X X 17893 0 0 TIMOTHY LIGHT PRESIDENT 1.00 0.00 X X 0 0 0 33624 0 0 0 0 0 0 0 18781 18781 18781 0 0 18781 561282 561282 33623 33623 21268 21268 15695 15695 16541 16541 MISCELLANEOUS 102 102 648511 561282 87229 0 629730 0 629730 0 0 0 X 629730 0 629730 0 629730 0 -629730 0 X X 0 0 0 X X 1 YALE UNIVERSITY 060646973 2 1 561282 0 1 561282 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 589134 18781 589134 18781 0 0 290922 648511 0 0 298212 -629730 62452009 0 10685672 568663 0 0 73137681 568663 0 0 0 73137681 568663 1097065 8530 72040616 560133 2521422 19605 0 0 2521422 19605 298212 253480 2521422 2521422 0 2521422 561282 0 0 0 0 0 561282 561282 2521422 22.260000000000 2521422 0 0 0 0 0 68160426 68160426 0 2521422 0 65639004 561282 0 561282 0 0 66200286 0 0 0 65639004 561282 PART IV - SECTION D - QUESTION 2 THE FOUNDATION HAS A "CLOSE AND CONTINUOUS WORKING RELATIONSHIP" WITH THE SUPPORTED ORGANIZATION, NAMELY YALE UNIVERSITY. SPECIFICALLY, FOUNDATION TRUSTEES MEET WITH REPRESENTATIVES FROM YALE UNIVERSITY AT LEAST ANNUALLY, AND OVER THE COURSE OF EACH YEAR, ROUTINELY COMMUNICATE BY EMAIL AND BY TELEPHONE. THESE MEETINGS AND COMMUNICATIONS CONCERN THE USE OF FUNDS DISTRIBUTED FROM THE FOUNDATION TO YALE UNIVERSITY, AND SPECIFICALLY HOW THOSE FUNDS ARE ALLOCATED FOR PURPOSES OF THE LIGHT FELLOWSHIP PROGRAM. THE FOUNDATION TRUSTEES ANNUALLY RECEIVE DETAILED INFORMATION REGARDING THE IDENTITY, ACCOMPLISHMENTS AND GOALS OF THE STUDENTS NAMED AS LIGHT FELLOWS, RECEIVE INFORMATION ABOUT THE COURSE OF STUDY OF THOSE STUDENTS, AS WELL AS FINANCIAL INFORMATION REGARDING THE ADMINISTRATION OF THE LIGHT FELLOWSHIP PROGRAM. THE LEVEL OF COMMUNICATION, THE DETAIL OF THE INFORMATION PROVIDED, AND THE FACT THAT THIS PROGRAM HAS BEEN ONGOING SINCE 1996, ALL CLEARLY ILLUSTRATE THE CLOSE AND CONTINUOUS WORKING RELATIONSHIP BETWEEN THE FOUNDATION AND YALE. PART IV - SECTION D - QUESTION 3 BY REASON OF THE CLOSE AND CONTINUOUS WORKING RELATIONSHIP BETWEEN THE FOUNDATION AND YALE UNIVERSITY, YALE UNIVERSITY HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE FOUNDATION'S INCOME AND ASSETS. BECAUSE YALE UNIVERSITY IS THE SOLE SUPPORTED ORGANIZATION FOR THE FOUNDATION, IT MUST WORK CLOSELY WITH YALE UNIVERSITY TO MEET DISTRIBUTION GOALS, AND ACCORDINGLY, MUST INVEST IN ORDER TO ATTAIN THOSE GOALS, IN A MANNER THAT WILL ENABLE YALE UNIVERSITY TO PROPERLY ADMINISTER THE LIGHT FELLOWSHIP PROGRAM. BECAUSE OF THIS LEVEL OF INTERACTION, COMMUNICATION AND COLLABORATION, YALE UNIVERSITY EFFECTIVELY HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENTS. MOREOVER, BECAUSE THE FOUNDATION AND YALE UNIVERSITY WORK CLOSELY IN DEVELOPING PROGRAMMING FOR THE LIGHT FELLOWSHIP PROGRAM, YALE UNIVERSITY EFFECTIVELY HAS A SIGNIFICANT VOICE IN DIRECTING THE USE OF THE FOUNDATION'S INCOME AND ASSETS. 629730 18781 561282 87229 85884105 -11551706 73325688 19614 357367 629730 68239037 18807881 807210 23545 332058 85884105 61876438 7383791 692781 21700 306711 68239037 55560805 8430781 1801937 21700 291511 61876438 0.00000 0.00000 0.00000 0 0 0 PART V, LINE 4: ALL ASSETS WERE TRANSFERRED TO YALE UNIVERSITY ENDOWMENT AS OF 6/30/2023 0 YALE UNIVERSITY 149 ELM STREET NEW HAVEN CT 065200000 060646973 501(C)3 561282 0 PROGRAM SUPPORT OF THE RICHARD U. LIGHT FELLOWSHIP PROGRAM AT YALE UNIVERSITY. THE PROGRAM PROVIDES ASSISTANCE TO YALE UNDERGRADUATE, GRADUATE, AND PROFESSIONAL SCHOOL STUDENTS PURSUING INTENSIVE LANGUAGE STUDY IN EAST ASIA. 1 0 SECURITIES 2023-06-30 561282 INVESTMENT STATEMENTS FROM FINANCIAL INSTITUTION 060646973 YALE UNIVERSITY 149 ELM STREET NEW HAVEN CT 065200000 501(C)(3) 0 0 0 0 1 1 1 0 0 PART I, LINE 6C: DISSOLUTION NOTIFICATION WAS SENT TO THE MICHIGAN ATTORNEY GENERAL'S OFFICE ON AUGUST 11, 2023. THE MICHIGAN ATTORNEY GENERAL'S OFFICE APPROVED THE DISSOLUTION ON OCTOBER 6, 2023. FORM 990, PART III, LINE 3 EFFECTIVE JUNE 24, 2021, THE RICHARD U. LIGHT FOUNDATION AND YALE UNIVERSITY SIGNED AN AGREEMENT PROVIDING FOR THE ESTABLISHMENT OF AN ENDOWMENT FUND AT YALE UNIVERSITY - THE RICHARD U. LIGHT FELLOWSHIP FUND. DURING THE YEAR ENDED JUNE 30, 2022, THE FOUNDATION TRANSFERRED NEARLY ALL THE ASSETS OF THE FOUNDATION TO THE FUND AT YALE. DUE TO THE ESTABLISHMENT AND FUNDING OF THE RICHARD U. LIGHT FELLOWSHIP FUND, THE FOUNDATION WILL DISCONTINUE THE RECURRING DISTRIBUTIONS TO YALE FOR FUTURE PERIODS. DURING 2023, THE REMAINING ASSETS OF THE FOUNDATION WERE USED TO COVER EXPENSES INCURRED BY THE FOUNDATION UNTIL THE FOUNDATION DISSOLVED AND ALL REMAINING ASSETS WERE TRANSFERRED TO THE ENDOWMENT HELD BY YALE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES REVIEWS THE FORM 990 IN DRAFT FORM PRIOR TO IT BEING FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF TRUSTEES AND OFFICERS SHALL BE AN ANNUAL STIPEND OF TWO THOUSAND DOLLARS PLUS AN HOURLY RATE AS THE BOARD OF TRUSTEES DETERMINE TO BE THE AVERAGE HOURLY RATE FOR PROFESSIONAL SERVICES IN THE AREA OF KALAMAZOO, MICHIGAN, AS DETERMINED BY THE BOARD OF TRUSTEES ON OR ABOUT THE DATE OF THE ANNUAL MEETING OF THE BOARD OF TRUSTEES EVERY THREE CALENDAR YEARS BEGINNING JANUARY 1, 2007. FORM 990, PART VI, SECTION C, LINE 19 ALL ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN PROCESS SINCE PRIOR YEAR.