2024-12-18T16:48:27-06:00 2024-06-30 381357951 PLANTE & MORAN PLLC 634 FRONT AVE NW STE 300 GRAND RAPIDS MI 49504 990 2023-07-01 386086770 GRAND VALLEY UNIVERSITY FOUNDATION GRAN 6163312831 1 CAMPUS DRIVE 2015 JHZ ALLENDALE MI 49401 LAURA AIKENS EXECUTIVE DIRECTOR 6163312831 2024-12-13 1 1 DORI J EGGETT P00645252 6167748221 2024-12-13 2023 2024-10-15 13:58:12Z LAURA AIKENS 301 W FULTON 914EC GRAND RAPIDS MI 49503 1088582 0 X WWW.GVUF.ORG X 1965 MI THE GRAND VALLEY UNIVERSITY FOUNDATION PROVIDES SUPPORT TO GRAND VALLEY STATE UNIVERSITY TO ASSIST IN ITS GOALS AND MISSION. THIS SUPPORT PROVIDES GRANTS AND SCHOLARSHIPS, FACULTY AND ACADEMIC PROGRAM DEVELOPMENT, CAPITAL MAINTENANCE AND GROWTH, AND LONG-TERM FISCAL SECURITY. 106 104 0 250 0 0 811806 1040466 0 0 64502 48116 0 0 876308 1088582 434874 1069916 0 0 20 1505 0 0 19501 150243 96102 585137 1167523 291171 -78941 4058074 4650577 0 0 4058074 4650577 X THE GRAND VALLEY UNIVERSITY FOUNDATION PROVIDES SUPPORT TO GRAND VALLEY STATE UNIVERSITY TO ASSIST IN ITS GOALS AND MISSION. THIS SUPPORT PROVIDES GRANTS AND SCHOLARSHIPS, FACULTY AND ACADEMIC PROGRAM DEVELOPMENT, CAPITAL MAINTENANCE AND GROWTH, AND LONG-TERM FISCAL SECURITY. 0 0 1072261 1069916 FUNDS RAISED BY THE GRAND VALLEY UNIVERSITY FOUNDATION BETWEEN JULY 1, 2023 AND JUNE 30, 2024 WERE TRANSFERRED TO GRAND VALLEY STATE UNIVERSITY (GVSU) FOR USE IN MEETING CAPITAL, OPERATING, AND INSTRUCTIONAL NEEDS; INCLUDING STUDENT SCHOLARSHIPS AND FACULTY SUPPORT. SOME GIFTS WERE ALSO MADE TO ENDOWMENT, HELPING ADDRESS RESTRICTED NEEDS (E.G. SCHOLARSHIPS AND SPECIAL PROGRAMMING) AND TO PROVIDE LONG-TERM FISCAL STABILITY THROUGH UNRESTRICTED ENDOWMENT. THESE PROGRAMS DIRECTLY AND INDIRECTLY BENEFITED APPROXIMATELY 22,000 STUDENTS ENROLLED AT GVSU DURING THE YEAR, AS WELL AS BENEFITED THE COMMUNITY THROUGH SPECIFIC PROGRAMS AND OVERALL ECONOMIC IMPACT OF GVSU SPENDING. 1072261 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 106 104 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X GREGORY J SANIAL 6163312188 1 CAMPUS DR - 4068 JHZ ALLENDALE MI 49401 THOMAS J HAAS DIRECTOR 0.50 40.00 X 0 143427 31333 AREND D LUBBERS DIRECTOR 2.00 15.00 X 0 28489 9416 DONNA K BROOKS GENERAL CHAIR 2.00 0.00 X X 0 0 0 JAMES WF BROOKS GENERAL CHAIR 2.00 0.00 X X 0 0 0 DANIEL G DEVOS VICE CHAIRMAN 2.00 0.00 X X 0 0 0 PAMELLA G DEVOS VICE CHAIRMAN 2.00 0.00 X X 0 0 0 DOROTHY A JOHNSON SECRETARY 2.00 0.00 X X 0 0 0 EDWARD J CLARK ASSISTANT SECRETARY 2.00 0.00 X X 0 0 0 MICHAEL A BATTS DIRECTOR 0.50 0.00 X 0 0 0 LAURIE BEARD DIRECTOR 0.50 0.00 X 0 0 0 M CATHERINE BISSELL DIRECTOR 0.50 0.00 X 0 0 0 JOHN H BULTEMA III DIRECTOR 0.50 0.00 X 0 0 0 BETTY S BURTON GROCE DIRECTOR 0.50 0.00 X 0 0 0 JAMES V BUZZITTA DIRECTOR 0.50 0.00 X 0 0 0 GUILLERMO CISNEROS DIRECTOR 0.50 0.00 X 0 0 0 SAMUEL M CUMMINGS DIRECTOR 0.50 0.00 X 0 0 0 KEVIN P CUSACK DIRECTOR 0.50 0.00 X 0 0 0 TODD CUSTER DIRECTOR 0.50 0.00 X 0 0 0 JESSIE F DALMAN DIRECTOR 0.50 0.00 X 0 0 0 RANDALL S DAMSTRA DIRECTOR 0.50 0.00 X 0 0 0 MATTHEW DECAMP DIRECTOR 0.50 0.00 X 0 0 0 GARTH D DEUR DIRECTOR 0.50 0.00 X 0 0 0 GARY D DEWITT DIRECTOR 0.50 0.00 X 0 0 0 PETER J DEWITT DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL S ELLIS DIRECTOR 0.50 0.00 X 0 0 0 VIRGINIA L GEARHART DIRECTOR 0.50 0.00 X 0 0 0 KALA J GIBSON DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL J GOORHOUSE DIRECTOR 0.50 0.00 X 0 0 0 DANIEL A GORDON DIRECTOR 0.50 0.00 X 0 0 0 JOHN W GREEN DIRECTOR 0.50 0.00 X 0 0 0 ROBERT D GROOTERS DIRECTOR 0.50 0.00 X 0 0 0 EDWARD J HANENBURG DIRECTOR 0.50 0.00 X 0 0 0 ART A HASSE DIRECTOR 0.50 0.00 X 0 0 0 DOYLE A HAYES DIRECTOR 0.50 0.00 X 0 0 0 KAREN HENRY STOKES DIRECTOR 0.50 0.00 X 0 0 0 PAUL C HILLEGONDS DIRECTOR 0.50 0.00 X 0 0 0 LARRY W HINES DIRECTOR 0.50 0.00 X 0 0 0 DONNALEE HOLTON DIRECTOR 0.50 0.00 X 0 0 0 DAVID S HOOKER DIRECTOR 0.50 0.00 X 0 0 0 TAMMY L HUIZENGA DIRECTOR 0.50 0.00 X 0 0 0 JC HUIZENGA DIRECTOR 0.50 0.00 X 0 0 0 STARR HUMPHRIES DIRECTOR 0.50 0.00 X 0 0 0 JOSE A INFANTE DIRECTOR 0.50 0.00 X 0 0 0 KYLE S IRWIN DIRECTOR 0.50 0.00 X 0 0 0 NELSON C JACOBSON DIRECTOR 0.50 0.00 X 0 0 0 RABIH M JAMAL DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL J JANDERNOA DIRECTOR 0.50 0.00 X 0 0 0 BARI S JOHNSON DIRECTOR 0.50 0.00 X 0 0 0 CHARLES E JOHNSON II DIRECTOR 0.50 0.00 X 0 0 0 HOLLY A JOHNSON DIRECTOR 0.50 0.00 X 0 0 0 JAMES L JURRIES DIRECTOR 0.50 0.00 X 0 0 0 ROBERT B KAMINSKI DIRECTOR 0.50 0.00 X 0 0 0 GREG KAUFMAN DIRECTOR 0.50 0.00 X 0 0 0 JAMES P KEANE DIRECTOR 0.50 0.00 X 0 0 0 CHRISTINA L KELLER DIRECTOR 0.50 0.00 X 0 0 0 FRED P KELLER DIRECTOR 0.50 0.00 X 0 0 0 JOHN C KENNEDY DIRECTOR 0.50 0.00 X 0 0 0 MARGARET KENNEDY DIRECTOR 0.50 0.00 X 0 0 0 ROBERT L KERSMAN DIRECTOR - PART YEAR 0.50 0.00 X 0 0 0 MARY L KRAMER DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL S LLOYD DIRECTOR 0.50 0.00 X 0 0 0 NANCY J LUBBERS DIRECTOR 0.50 0.00 X 0 0 0 JEAN E MARTIN DIRECTOR 0.50 0.00 X 0 0 0 HUBERT MASSEY DIRECTOR 0.50 0.00 X 0 0 0 DAVID P MEHNEY DIRECTOR 0.50 0.00 X 0 0 0 HANK MEIJER DIRECTOR 0.50 0.00 X 0 0 0 MEG MILLER WILLIT DIRECTOR 0.50 0.00 X 0 0 0 MARK A MURRAY DIRECTOR 0.50 0.00 X 0 0 0 RICHARD W MUZZY JR DIRECTOR 0.50 0.00 X 0 0 0 NOREEN K MYERS DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL K OLTHOFF DIRECTOR 0.50 0.00 X 0 0 0 JEFFREY S PADNOS DIRECTOR 0.50 0.00 X 0 0 0 SHELLEY E PADNOS DIRECTOR 0.50 0.00 X 0 0 0 DONALD J PATON DIRECTOR 0.50 0.00 X 0 0 0 KATE PEW WOLTERS DIRECTOR 0.50 0.00 X 0 0 0 MARGARET E POTTER DIRECTOR 0.50 0.00 X 0 0 0 RANDELL G PRICE DIRECTOR 0.50 0.00 X 0 0 0 AARON C RADELET DIRECTOR 0.50 0.00 X 0 0 0 LARRY J ROBSON DIRECTOR 0.50 0.00 X 0 0 0 ROBERT O ROSKAM DIRECTOR 0.50 0.00 X 0 0 0 ROBERT W ROTH DIRECTOR 0.50 0.00 X 0 0 0 JOHN G RUSSELL DIRECTOR 0.50 0.00 X 0 0 0 TIMOTHY R SCHOWALTER DIRECTOR 0.50 0.00 X 0 0 0 JAMES R SEBASTIAN JR DIRECTOR 0.50 0.00 X 0 0 0 VIRGINIA M SEYFERTH DIRECTOR 0.50 0.00 X 0 0 0 VICTOR SHEPHERD DIRECTOR 0.50 0.00 X 0 0 0 MARK F SHERWOOD DIRECTOR 0.50 0.00 X 0 0 0 DIANA R SIEGER DIRECTOR 0.50 0.00 X 0 0 0 JACK P SMITH DIRECTOR 0.50 0.00 X 0 0 0 JAMES M TEETS DIRECTOR 0.50 0.00 X 0 0 0 DANIEL W TERPSMA DIRECTOR 0.50 0.00 X 0 0 0 GARY L TILKIN DIRECTOR 0.50 0.00 X 0 0 0 JERRY L TUBERGEN DIRECTOR 0.50 0.00 X 0 0 0 CAROL VAN ANDEL DIRECTOR 0.50 0.00 X 0 0 0 RICHARD H VANDERZYDEN DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL R VANGESSEL DIRECTOR 0.50 0.00 X 0 0 0 ANTHONY VERPLANK DIRECTOR 0.50 0.00 X 0 0 0 KATHLEEN VOGELSANG DIRECTOR 0.50 0.00 X 0 0 0 MITCHELL G WATT DIRECTOR 0.50 0.00 X 0 0 0 ELIZABETH WELCH DIRECTOR 0.50 0.00 X 0 0 0 THOMAS G WELCH JR DIRECTOR 0.50 0.00 X 0 0 0 SEAN P WELSH DIRECTOR 0.50 0.00 X 0 0 0 SCOTT D WIERDA DIRECTOR 0.50 0.00 X 0 0 0 ERIC J WOLFF DIRECTOR 0.50 0.00 X 0 0 0 STEVEN A WORKMAN DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL S YOUNGDAHL DIRECTOR 0.50 0.00 X 0 0 0 GREGORY J SANIAL TREASURER 1.00 40.00 X 0 331064 38948 LAURA A MEENGS-AIKENS EXECUTIVE DIRECTOR 2.00 40.00 X 0 277780 61089 0 780760 140786 0 0 1 0 0 89160 951306 1040466 14133 14133 33983 0 33983 33983 33983 1088582 0 0 48116 849707 849707 220209 220209 1505 1216 217 72 17400 17400 6102 6102 4412 436 2734 1242 157 157 725 192 23 510 64001 364 46485 17152 1705 1705 MISCELLANEOUS 1600 137 1095 368 1167523 1072261 75761 19501 265274 227903 258728 207546 3534072 4215128 4058074 4650577 0 0 X 4058074 4650577 4058074 4650577 4058074 4650577 X -78941 461564 209880 X X 0 1 X 1 0 X 4288027 929697 1214021 811806 1040466 8284017 4288027 929697 1214021 811806 1040466 8284017 2106331 6177686 2493 19143 12722 29860 14133 78351 3056 3056 8365424 0.73850 0.76180 X PART II, SECTION B, LINE 10 OTHER INCOME IN THIS SECTION CONSISTS OF REVENUE RECEIVED FROM GVUF INTERFAITH DIALOGUE ACTIVITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3534072 323460 509680 123816 22166 6102 4215128 3184118 176669 337410 107377 51241 5507 3534072 2923856 460604 -86508 88760 19603 5471 3184118 2368835 222689 840404 86545 421527 2923856 2283874 169517 6389 72310 18635 2368835 1.00000 0 1 1 0 ENDOWMENTS 4215128 F 4215128 X 1601142 461564 50996 512560 1088582 0 1088582 1218519 50996 50996 1167523 0 1167523 PART V, LINE 4: AT JUNE 30, 2024 THERE ARE 26 ENDOWMENTS GIFTED TO THE GRAND VALLEY UNIVERSITY FOUNDATION. THE COMMUNITY FOUNDATION FOR MUSKEGON COUNTY INTERFAITH DIALOGUE ENDOWMENT IS DESIGNED TO SUPPORT PROGRAMMING THAT LEADS TO GREATER UNDERSTANDING AND ACCEPTANCE BETWEEN PEOPLE OF ALL FAITHS, INCLUDING IN PARTICULAR, TO SUPPORT INTERFAITH DIALOGUE EVENTS OF NATIONAL AND REGIONAL SCOPE, HELD IN WEST MICHIGAN, AND TO SUPPORT WEST MICHIGAN ACADEMIC CONSORTIUM CONFERENCES. THE COMMUNITY LEADERSHIP SCHOLARSHIP ENDOWMENT SEEKS TO SUPPORT AND HONOR GRAND VALLEY STATE UNIVERSITY STUDENTS WHO HAVE DEMONSTRATED THEIR WILLINGNESS TO COMBINE COMMUNITY SERVICE WITH THE PURSUIT OF THEIR PROFESSIONAL VOCATIONS. THE MARILYN AND B.P. SHERWOOD SCHOLARSHIP ENDOWMENT PROVIDES SCHOLARSHIPS FOR NON-TRADITIONAL FEMALE STUDENTS IN PURSUIT OF A BUSINESS DEGREE. THE BROOKS FIRST GENERATION DIVERSITY ENDOWED SCHOLARSHIP SUPPORTS MINORITY STUDENTS TO BE THE FIRST IN THEIR FAMILY TO EARN A FOUR-YEAR DEGREE. THE RICHARD A. WINN MICHIGAN LODGING AND TOURISM ASSOCIATION ENDOWED SCHOLARSHIP INCREASES AWARENESS OF CAREERS IN HOSPITALITY AND TOURISM MANAGEMENT AND PROMOTES DIVERSITY IN THE FIELD. THE LUPE RAMOS-MONTIGNEY "SI SE PUEDE" LEGACY ENDOWED SCHOLARSHIP IS TO SUPPORT HISPANIC/LATINO STUDENTS. THE EARL HARPER SCHOLARSHIP ENDOWMENT PROVIDES SCHOLARSHIPS FOR MINORITY STUDENTS MAJORING IN BUSINESS MANAGEMENT. THE DON WILLIAMS SR. DEAN EMERITUS MULTICULTURAL BUSINESS EDUCATION (MBEC) SCHOLARSHIP ENDOWMENT ASSISTS BUSINESS MAJORS IN THE MBEC MULTICULTURAL BUSINESS EDUCATION PROGRAMS. THE JOHNNY C. BURTON MEMORIAL SCHOLARSHIP ENDOWMENT PROVIDES SUPPORT FOR STUDENTS PURSUING A CAREER IN BUSINESS AND/OR ENTREPRENEURSHIP. THE RICK HAMLIN ENDOWED SCHOLARSHIP ASSISTS STUDENTS WHO HAVE DEMONSTRATED A CAREER INTEREST IN ENVIRONMENTAL DESIGN, NURSING, PSYCHOLOGY, OR EDUCATION. THE MNOMEN NATIVE AMERICAN ENDOWED SCHOLARSHIP WILL ASSIST NATIVE AMERICAN STUDENTS WITH EDUCATION AT GVSU. THE PHAM DINH THAM MEMORIAL ENDOWED SCHOLARSHIP WILL ASSIST VIETNAMESE STUDENTS. THE JEFF "DR J" CHAMBERLAIN MEIJER HONORS COLLEGE ALUMNI ENDOWED SCHOLARSHIP WAS ESTABLISHED TO SUPPORT STUDENTS IN THE FREDERIK MEIJER HONORS COLLEGE. THE GRACE HUIZENGA ENDOWED SCHOLARSHIP WAS ESTABLISHED TO ASSIST HISTORICALLY UNDERREPRESENTED STUDENTS IN THE KIRKHOF COLLEGE OF NURSING OR COLLEGE OF HEALTH PROFESSIONS. THE SOCIAL WORK MINORITY SCHOLARSHIP ENDOWMENT ASSISTS STUDENTS OF COLOR PURSUING CAREERS IN SOCIAL WORK WHO DEMONSTRATE A COMMITMENT TO ADVOCATE FOR SOCIAL JUSTICE FOR MINORITY POPULATIONS IN THEIR COMMUNITY. THE SPECTRUM HEALTH DIVERSITY ENDOWED SCHOLARSHIP HAS BEEN ESTABLISHED TO ENCOURAGE PERSONS OF COLOR FROM MICHIGAN TO PURSUE AND COMPLETE DEGREES IN THE HEALTH CARE FIELDS. THE CROWE LLP STRIVE FOR PROGRESS ENDOWED SCHOLARSHIP WAS ESTABLISHED TO ENCOURAGE UNDERREPRESENTED STUDENTS TO JOIN THE ACCOUNTING INDUSTRY BY PROVIDING FINANCIAL ASSISTANCE TO REMOVE BARRIERS TO EARNING A GVSU DEGREE. THE LEGENDARY LAMBDA PI LEGACY ENDOWED SCHOLARSHIP WAS ESTABLISHED TO PROVIDE MONETARY SUPPORT TO FURTHER THE EDUCATIONAL ASPIRATIONS OF UNDERGRADUATE AND GRADUATE WOMEN THAT ARE ACTIVELY ENROLLED AT GVSU (THIS INCLUDES ONLINE STUDENTS). THE PHYSICAL THERAPY DIVERSITY ENDOWED SCHOLARSHIP WAS ESTABLISHED BY FACULTY IN THE DEPARTMENT OF PHYSICAL THERAPY, TO PROMOTE AND INCREASE DIVERSITY IN THE DOCTOR OF PHYSICAL THERAPY PROGRAM AND THE PROFESSION OF PHYSICAL THERAPY. THE DIVERSITY IN EDUCATION ENDOWED SCHOLARSHIP WAS ESTABLISHED TO ASSIST AN UNDERGRADUATE FULL-TIME STUDENT OF COLOR WITH THE INTENTION OF PURSUING A CAREER AS A TEACHER, PREFERENCE WILL BE GIVEN TO STUDENTS PARTICIPATING IN ANY EXISTING TEACHER PIPELINE PARTNERSHIP PROGRAMS. THE BLANCHETTE FAMILY ENDOWED SCHOLARSHIP WAS ESTABLISHED TO SUPPORT UNDERREPRESENTED FIRST GENERATION STUDENTS FOR FULL-TIME SOPHOMORES, JUNIORS, AND SENIORS. THE BDO ENDOWED SCHOLARSHIP WAS ESTABLISHED TO ENCOURAGE UNDERREPRESENTED STUDENTS TO JOIN THE ACCOUNTING INDUSTRY BY PROVIDING FINANCIAL ASSISTANCE TO REMOVE BARRIERS TO EARNING A GVSU DEGREE. THE SOLINA AND STEVEN KRAMER ENDOWED MEMORIAL SCHOLARSHIP WAS ESTABLISHED TO SUPPORT DIVERSE CANDIDATES FOR THE DOCTOR OF PHYSICAL THERAPY PROGRAM WITH FINANCIAL NEED. THE SHERRI L. MUIR SINGLE MOTHERS ENDOWED SCHOLARSHIP PROVIDES ASSISTANCE TO SINGLE MOTHERS WHO STRUGGLE TO MAKE ENDS MEET WHILE PAYING TUITION. THE FIRST SCHOLARSHIP OF ITS KIND AT GRAND VALLEY, THIS SCHOLARSHIP WILL DRAMATICALLY IMPROVE OPPORTUNITIES FOR SINGLE MOTHERS TO ATTEND GVSU. THE FRANK R. BLOSSOM ADVERTISING & PUBLIC RELATIONS MEMORIAL ENDOWED SCHOLARSHIP SUPPORTS PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR ADVERTISING AND PUBLIC RELATIONS MAJORS, RANGING FROM AIRFARE TO CONFERENCE REGISTRATIONS FOR EXPERIENTIAL LEARNING OUTSIDE OF THE WALLS OF GVSU. ONE NEW ENDOWMENT WAS ADDED THIS YEAR: THE TIM AND TERRY SELGO STUDENT-ATHLETE SCHOLARSHIP ENDOWMENT WAS ESTABLISHED IN HONOR OF GVSU'S DIRECTOR OF ATHLETICS FROM 1996-2016 AND HIS WIFE TERRY AND WAS CREATED TO ASSIST MINORITY STUDENT-ATHLETES WHO HAVE EXHAUSTED THEIR ATHLETIC ELIGIBILITY WITH UNDERGRADUATE DEGREE COMPLETION AT GVSU. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED, THAT AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 GRAND VALLEY STATE UNIVERSITY 1 CAMPUS DRIVE ALLENDALE MI 49401 381684280 170(B)(1)(A)II 849707 0 N/A N/A SCHOLARSHIPS AND PUBLIC PROGRAMS 1 0 SCHOLARSHIPS FOR COLLEGE EDUCATION 65 220209 0 N/A N/A PART I, LINE 2: THE GRAND VALLEY FOUNDATION TRANSFERS FUNDS TO GRAND VALLEY STATE UNIVERSITY, WHO DISBURSES THESE FUNDS IN ACCORDANCE WITH THE ORIGINAL STIPULATION AND PURPOSE OF THE DONATION. IN ADDITION, THE GRAND VALLEY UNIVERSITY FOUNDATION AWARDS SCHOLARSHIPS DIRECTLY TO STUDENTS THAT ARE FUNDED BY ITS ENDOWMENTS OR OTHER PRIVATE GIFTS. 0 0 0 0 0 0 0 0 0 GREGORY J SANIAL TREASURER 0 313043 0 0 0 18021 0 36153 0 2795 0 370012 0 0 LAURA A MEENGS-AIKENS EXECUTIVE DIRECTOR 0 269326 0 0 0 8454 0 33307 0 27782 0 338869 0 0 THOMAS J HAAS DIRECTOR 0 97119 0 0 0 46308 0 15479 0 15854 0 174760 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE DIRECTORS OF THE ORGANIZATION POSSESSES VOTING RIGHTS, WHEREAS THE OFFICERS (WHO ARE NOT DIRECTORS) OF THE ORGANIZATION DO NOT HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 2 JAMES W.F. BROOKS AND DONNA K. BROOKS - MARRIED DANIEL G. DEVOS AND PAMELLA G. DEVOS - MARRIED AREND D. LUBBERS AND NANCY J. LUBBERS - MARRIED J.C. HUIZENGA AND TAMMY L. HUIZENGA - MARRIED CHRISTINA L. KELLER AND FRED P. KELLER - DAUGHTER/FATHER JOHN C. KENNEDY AND MARGARET KENNEDY - FATHER/DAUGHTER JEFFREY S. PADNOS AND SHELLEY E. PADNOS - COUSINS ELIZABETH WELCH AND KATE PEW WOLTERS - COUSINS SAMUEL M. CUMMINGS, DANIEL G. DEVOS, AND SCOTT D. WIERDA - BUSINESS LARRY W. HINES, CHARLES E. JOHNSON II, AND MICHAEL K. OLTHOFF - BUSINESS DANIEL G. DEVOS, RANDALL S. DAMSTRA, AND JERRY L. TUBERGEN - BUSINESS FORM 990, PART VI, SECTION B, LINE 11B THE FROM 990 IS FIRST REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD BEFORE BEING SUBMITTED TO THE IRS. THE AUDIT COMMITTEE THEN PRESENTS THE FORM 990 AT THE ANNUAL MEETING OF THE GRAND VALLEY UNIVERSITY FOUNDATION FOR ALL DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12B: IF A CONFLICT OF INTEREST OCCURS, THE FOUNDATION MEMBER MUST DISCLOSE THE POTENTIAL CONFLICT AND ANNOUNCE DURING ANY DELIBERATIONS. THEY WOULD BE EXPECTED TO ABSTAIN FROM VOTING FOLLOWING THE DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF THE ANNUAL MEETING FOLLOW-UP, A CONFLICT OF INTEREST POLICY AND CONFLICT OF INTEREST FORMS ARE MAILED TO ALL GRAND VALLEY UNIVERSITY FOUNDATION BOARD MEMBERS. THE FORMS ARE COLLECTED AND REVIEWED AT THE FOUNDATION'S OFFICES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE ON THE WEBSITE AND GUIDESTAR. A HARD COPY IS AVAILABLE FOR REVIEW AT THE OFFICES OF THE GRAND VALLEY UNIVERSITY FOUNDATION. FINANCIAL STATEMENTS ARE PUBLISHED AS PART OF THE ANNUAL MEETING. THE ARTICLES OF INCORPORATION AND BY-LAWS ARE FILED WITH THE STATE OF MICHIGAN AND ARE AVAILABLE ON THE STATE OF MICHIGAN'S WEBSITE. ADDITIONALLY, ALL GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC VIEWING AT THE FOUNDATION'S OFFICES DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: TRANSFER OF ENDOWMENTS FROM GRAND VALLEY UNIVERSITY 209,880. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 9: THE INCREASE IN NET ASSETS OF $209,880 WAS DUE TO THE NET EFFECT OF THE TRANSFER OF AN ENDOWMENT FUND (AND THE RELATED SPENDING FUND) TO THE FOUNDATION FROM GRAND VALLEY STATE UNIVERSITY. GRAND VALLEY STATE UNIVERSITY 1 CAMPUS DRIVE ALLENDALE MI 49401 381684280 HIGHER EDUCATION MI 501(C)(3) LINE 6 N/A 0 UNIVERSITY PROPERTIES INC 1 CAMPUS DRIVE ALLENDALE MI 49401 382791820 SUPPORT GVSU MI 501(C)(3) LINE 12B, II GVSU 0 GRAND VALLEY RESEARCH CORPORATION 1 CAMPUS DRIVE ALLENDALE MI 49401 202190660 SUPPORT GVSU MI 501(C)(3) LINE 5 GVSU 0 K12C SOLUTIONS INC 1 CAMPUS DRIVE ALLENDALE MI 49401 923924596 SUPPORT GVSU MI 501(C)(3) LINE 12A, I GVSU 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 PART II, LINE 1, COLUMN E GRAND VALLEY STATE UNIVERSITY HAS A DUAL PUBLIC CHARITY STATUS OF BOTH 509(A)(1) AND 170(B)(1)(A)(II).