2024-11-14T10:35:33-05:00 2023-12-31 383133790 ANDREWS HOOPER PAVLIK PLC 5915 EASTMAN AVE STE 100 MIDLAND MI 486406824 990PF 2023-01-01 381437485 THE HERBERT H & GRACE A DOW FOUNDATION HERB 9896313699 1018 WEST MAIN STREET MIDLAND MI 48640 FRANCINE PADGETT CFO 9896313699 2024-11-13 true true KELLIE M BOS P00448161 9898357721 2024-11-13 2023 2024-10-15 13:58:12Z X 621175059 X 2375 X 101826 101826 9633058 9633058 2241 2241 2241 21559110 177044052 21559110 585375 296153 289222 289222 9346522 7823572 1522950 40934354 39119807 1812172 516880 206567 6853 303460 2502762 1330482 1172280 851906 29497 58332 764163 76819 76439 50125 25063 25063 667650 203476 352598 97119 1470735 986 273 4818 2304663 683682 28851 651595 74316 24354 29 50442 42779 42779 12414308 9961 13193 755174 21656625 499904 1790611 3943332 23488330 19968632 45144955 499904 1790611 23911964 -4210601 38619903 21561 359836 470675 470675 5373027 6774754 6774754 4432 13572 4432 4432 51914 55698 55698 62550 38788 38788 72105114 45701237 45701237 472209238 538267533 538267533 49396737 19534795 33324611 29861942 29861942 583499862 621175059 621175059 153089 161023 19345302 22865000 1234188 1459713 20732579 24485736 X 562767283 596689310 562767283 596689310 583499862 621175046 562767283 -4210601 38132628 596689310 596689310 PUBLICLY TRADED SECURITIES P 176503464 155484942 21018522 21018522 OPTION INCOME - PUBLICLY TRADED SEC P 540588 540588 540588 21559110 21559110 536817 536817 536817 709111 709111 X 923 171371 171371 false false false false false true true false true true MI true false false false false true WWW.HHGADOWFDN.ORG FRANCINE PADGETT 9896313699 1018 W MAIN ST MIDLAND MI 48640 false false false false true false false false false false false false false false false false false false false false false false RUTH A DOAN 1018 W MAIN ST MIDLAND MI 48640 PRESIDENT 10.00 0 0 35000 MICHAEL LLOYD DOAN 1018 W MAIN ST MIDLAND MI 48640 VICE PRESIDE 8.00 0 0 0 WILLARD MOTT 1018 W MAIN ST MIDLAND MI 48640 TREASURER 8.00 0 0 0 DIANE DOW HULLET 1018 W MAIN ST MIDLAND MI 48640 SECRETARY 4.00 0 0 0 JENEE VELASQUEZ 1018 W MAIN ST MIDLAND MI 48640 EXECUTIVE DI 60.00 348480 43530 0 SUZANNA MCCUAN 1018 W MAIN ST MIDLAND MI 48640 GOV. CHAIR/T 8.00 0 0 0 MACAULEY WHITING JR 1018 W MAIN ST MIDLAND MI 48640 TRUSTEE 2.00 0 0 0 STEPHEN CARRAS 1018 W MAIN ST MIDLAND MI 48640 TRUSTEE 2.00 0 0 0 BONNIE BUCHANAN MATHESON 1018 W MAIN ST MIDLAND MI 48640 TRUSTEE 2.00 0 0 0 ALDEN LEE HANSON 1018 W MAIN ST MIDLAND MI 48640 TRUSTEE 2.00 0 0 0 JAMES FITTERLING 1018 W MAIN ST MIDLAND MI 48640 TRUSTEE 2.00 0 0 0 LILLA YM OHRSTROM 1018 W MAIN ST MIDLAND MI 48640 TRUSTEE 2.00 0 0 0 SARAH OPPERMAN 1018 MAIN STREET MIDLAND MI 48640 TRUSTEE 2.00 0 0 0 STEPHANIE SCHEETS 1018 MAIN STREET MIDLAND MI 48640 TRUSTEE 2.00 0 0 0 FRANCINE PADGETT 1018 W MAIN ST MIDLAND MI 48640 CFO 60.00 168400 3721 0 ELIZABETH LUMBERT 1018 W MAIN ST MIDLAND MI 48640 GARDENS DIRE 40.00 190557 35972 SCOTT SCHULTHEIS 1018 W MAIN ST MIDLAND MI 48640 HORTICULTURI 40.00 93000 35597 MATTHEW GERHARDT 1018 W MAIN ST MIDLAND MI 48640 HUMAN RESOUR 40.00 88990 24756 ABIGAIL CLAERHOUT 1018 W MAIN ST MIDLAND MI 48640 HORTICULTURI 40.00 69865 27603 MICHELLE HOLMES 1018 W MAIN ST MIDLAND MI 48640 GIFT SHOP MA 40.00 65500 24547 20 SMALL BUSINESS ASSOCIATION OF MICHIGAN 120 N WASHINGTON SQ STE 1000 LANSING MI 48933 HEALTH INSUR 320758 SYM FINANCIAL ADVISORS 414 TOWNSEND ST MIDLAND MI 48640 FINANCIAL 259938 GOLDMAN SACHS 200 WEST STREET NEW YORK NY 10282 FINANCIAL 167916 STT INC 1600 NORTH MISSION ST MT PLEASANT MI 48858 SECURITY 89915 WTA ARCHITECTS 100 S JEFFERSON AVE STE 601 SAGINAW MI 48607 ARCHITECTURE 74901 5 ESTABLISHED IN 1899, AS A HOME FOR HERBERT H. AND GRACE A. DOW AND FAMILY, DOW GARDENS TYPICALLY WELCOMES 215,000 GUESTS PER YEAR. EXPERIENCE A 110-ACRE DISPLAY OF ANNUALS AND PERRENIALS PUNCTUATED BY DISTINCTIVE BRIDGES, AN AWARD-WINNING CHILDRENS GARDEN, TOWERING PINES, DELIGHTFUL WATER FEATURES, AND ONE OF THE NATIONS LONGEST CANOPY WALKS WHICH TAKES GUESTS FOUR STORIES HIGH INTO THE TREE TOPS. VISITORS ARE INVITED TO LEAVE THE PATHWAY AND EXPLORE THE UNIQUELY-DESIGNED LANDSCAPE, TAKE A TOUR OF THE HISTORIC PINES HOME, PARTICIPATE IN ONE OF THE MANY HANDS-ON EDUCATIONAL PROGRAMS, AND DISCOVER BEAUTIFUL ART AND MUSIC IN A RELAXED SETTING. DOW GARDENS IS COMPRISED ON AN ESTATE GARDEN, HISTORIC HOME, AND THRIVING FOREST. DOW GARDENS IS A SIGNATURE GIFT OF THE HERBERT H. AND GRACE A. DOW FOUNDATION. 4146955 N/A 319817099 6994318 283234748 610046165 610046165 9150692 600895473 30044774 30044774 536817 536817 29507957 29507957 29507957 23911964 203624 24115588 29507957 1467779 24115588 1467779 22647809 6860148 NONE NONE IVY BRADEN 1018 W MAIN STREET MIDLAND MI 486404292 9896313699 HHGADOWFDN.ORG/GUIDELINES THE FORMAL GRANT APPLICATION CAN BE FOUND ON THE HERBERT H. AND GRACE A. DOW FOUNDATION WEBSITE AT WWW.HHGADOWFDN.COM. THE FIRST STEP IN THE TWO-STAGE PROCESS CONSISTS OF THE SUBMISSION OF A LETTER OF INTEREST (LOI). THE SECOND STEP IS BY INVITATION ONLY TO ORGANIZATIONS WITH REQUESTS THAT BEST ALIGN WITH FOUNDATION MISSION AND CURRENT GRANTMAKING PRIORITIES. APPLICANTS WILL BE ASKED TO INCLUDE THE FOLLOWING INFORMATION IN A PROPOSAL: A SUMMARY SETTING FORTH THE NATURE AND POTENTIAL RESULTS OF THE PROGRAM FOR WHICH FUNDING IS SOUGHT; THE TOTAL COST OF THE PROJECT, INCLUDING ANY ENDOWMENT FOR OPERATIONS; THE TOTAL AMOUNT SOUGHT FROM THE FOUNDATION, AND OVER WHAT PERIOD OF TIME THE GRANT MAY BE DISBURSED, AS WELL AS ANY OTHER FUNDING SOURCES BEING SOUGHT FOR THE PROJECT; EVIDENCE OF THE ORGANIZATION'S TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3); A DETAILED ANNUAL ORGANIZATION BUDGET AND AUDITED FINANCIAL STATEMENT FOR THE ORGANIZATION; THE NAMES OF MANAGEMENT AND OF T THE BOARD MEETS DURING THE YEAR TO MAKE FINAL DECISIONS WITH GRANTS TYPICALLY DISBURSED IN DECEMBER. THE FOUNDATION DOES NOT MAKE GRANTS DIRECTLY TO INDIVIDUALS. THE FOUNDATION'S CHARTER LIMITS ITS GRANTS TO MICHIGAN ORGANIZATIONS. THE FOUNDATION CANNOT LEGALLY SUPPORT: ORGANIZATIONS THAT ARE NOT ELIGIBLE TO RECEIVE TAX DEDUCTIBLE CONTRIBUTIONS PER THE INTERNAL REVENUE SERVICE; POLITICAL ORGANIZATIONS; SECTARIAN RELIGIOUS ORGANIZATIONS (EXCEPT THOSE THAT ARE LOCATED IN THE MIDLAND COMMUNITY); OR ORGANIZATIONS THAT PRACTICE DISCRIMINATION BY RACE, SEX, CREED, AGE, OR NATIONAL ORIGIN. THE FOUNDATION DOES NOT ACCEPT PRESET "FORMULAS FOR GIVING" PREPARED BY NONPROFIT AGENCIES. SEE ATTACHED 1018 W MAIN STREET MIDLAND MI 48640 VARIOUS 9052330 SEE ATTACHED 1018 W MAIN STREET MIDLAND MI 48640 VARIOUS 10860302 SEE ATTACHED 1018 W MAIN STREET MIDLAND MI 48640 VARIOUS 56000 19968632 SEE ATTACHED 1018 W MAIN STREET MIDLAND MI 48640 VARIOUS 14380000 14380000 DOW GARDENS ADMISSIONS 1052926 HORTICULTURAL CLASSES 19217 PINES ADMISSIONS 14841 HORTICULTURE SUP/EQUIP SALE 29621 14 101826 14 9633058 16 2241 18 7823572 1 21559110 453220 289222 WEDDINGS 28987 MISC 2337 SEE K-1 UBI INCOME ATTACHME 900099 375021 664243 39119807 1147929 40931979 1A ADMISSION FEES FOR DOW GARDENS 1B HORTICULTURAL CLASSES FOR CHILDREN & OTHERS 1C ADMISSIONS FEES FOR THE PINES AREA OF THE GARDENS 1D HORTICULTURAL SUPPLIES SOLD AS PART OF CHARITABLE ACTIVITIES ASSOCIATED WITH DOW GARDENS 11B FEES CHARGED FOR WEDDINGS HELD IN THE GARDENS; ENCOURAGING THE PUBLIC TO UTILIZE THE BEAUTY OF THE GARDENS 11C MISCELLANEOUS RECEIPTS false false false false false false false false false false ACCOUNTING FEES 50125 25063 25063 SEE ATTACHED LISTING 351831 9740500 2304663 LAND IMPROV. ADDITIONS PURCHASE 42881 42881 GREENHOUSE GLASS (9 PANES) PURCHASE 4768 4768 TITAL GOLF CART - SERIAL 2733617 PURCHASE 4135 4135 DUPONT STOCK DOW CHEMICAL STOCK 32075016 32075016 DFA INTL SMALL CAP VALUE DFA INFLATION PROTECTED 7144377 7144377 DFA US LARGE CAP 6481844 6481844 AMERICAN NEW PERSPECTIVE FUND 16-1625273 - APJOHN FMV 153284 153284 26-3886702 - AQR STYLE PREMIA FMV 7201441 7201441 03-0469267 - ARBORETUM 1 FMV 580002 580002 20-3879026 - ARBORETUM 1A FMV 282224 282224 20-8495541 - ARBORETUM 2 FMV 82829 82829 27-4709037 - ARBORETUM VENTURES III FMV 377150 377150 47-4200749 - ARBORETUM VENTURES IV FMV 569205 569205 36-4443622 - ARCH DEVELOPMENT FUND 1 FMV 06-1582470 - ARCH VENTURE FUND V FMV 263140 263140 27-3114657 - ARSENAL VENTURE CAPITAL FMV 3731290 3731290 81-3994795 - AUXO INVESTMENT PARTNER FMV 920701 920701 81-4008189 - AUXO GROWTH HOLDINGS I FMV 8135233 8135233 38-7142204 - BLACKSTONE ALTERNATIVES FMV 1011765 1011765 36-4800114 - BLACKSTONE CAPITAL FMV 7904209 7904209 13-3492071 - BLACKSTONE PARTNERS INV FMV 18869622 18869622 98-1386129 - CARLYLE PE ACCESS FUND FMV 7716598 7716598 61-1780481 - CARLYLE STRAT. PART. IV FMV 4095384 4095384 61-1742367 - FORTRESS CREDIT OPP IV FMV 1922406 1922406 98-1439362 - FORTRESS CREDIT OPP V FMV 8408716 8408716 38-4046268 - FORTRESS INTELLECT PROP FMV 3006393 3006393 32-0431732 - FORTRESS RE OPP. II FMV 590962 590962 32-0499393 - FORTRESS RE OPP. III FMV 8922719 8922719 62-1451003 - GT PARTNERS LP FMV 20055203 20055203 62-1570892 - GT GLOBAL HEDGE MKT FMV 18321864 18321864 83-2178554 - KKR PRINCIPAL OPP FMV 8648816 8648816 38-7136002 - LS REAL ESTATE REC IV FMV 823516 823516 46-6669749 - LS VIII RECOVERY TRUST FMV 261554 261554 38-3431245 - NORTHCOAST FMV 54353 54353 13-4359956 - NCTI III LIMITED PTRSHP FMV 2524625 2524625 82-3021163 - NCTI IV, PARTNERSHIP FMV 132832 132832 82-3278140 - PRIVATE EQUITY CO INV. FMV 7463451 7463451 83-2538130 - PEG GLOBAL PRIVATE EQ. FMV 51518741 51518741 35-2491286 - RCP DIRECT II LP FMV 849661 849661 37-1884177 - RCP DIRECT III FMV 6990511 6990511 45-3135867 - RCP FUND VIII LP FMV 1038943 1038943 36-4766444 - RCP FUND IX LP FMV 2159317 2159317 32-0457025 - RCP FUND X FMV 2256317 2256317 35-2550581 - RCP FUND XI FMV 2025803 2025803 37-1860110 - RCP FUND XII, LP FMV 3660963 3660963 83-0557610 - RCP FUND XIII FMV 6939894 6939894 90-0852883 - RCP SECONDARY OPP. II FMV 491740 491740 61-1855521 - RCP SECONDARY OPP III FMV 3098024 3098024 80-0805959 - RENAISSANCE VENTURE CAP FMV 4198878 4198878 ABRAAJ GROWTH MARKETS FMV 3505730 3505730 BLACKROCK CORE BOND FMV 3686031 3686031 BLACKROCK EMERGING MARKETS FMV 8608233 8608233 BRANDYWINEGLOBAL - DIAMOND HILL FMV 8067391 8067391 BREP EUROPE IV REAL FMV 785397 785397 BREP EUROPE VI SC SP FMV 7529288 7529288 CARLYLE US EQUITY FMV 1052309 1052309 CARLYLE US REALTY FMV 555123 555123 CEMOF II FOREIGN INVESTORS FMV 485222 485222 CION ARES DIVERSIFIED FMV 14132721 14132721 CRESCENT VI MEZZANINE FMV 451424 451424 CSP III DISTRESSED FMV 189951 189951 DFA EMERGING MARKETS CORE EQTY FMV 8656227 8656227 DRIEHAUS EMERGING MARKET GROWTH FMV 8681269 8681269 FIDELITY TOTAL MARKET FMV 45146992 45146992 FR XIII GLOBAL ENERGY FMV 2276051 2276051 GI PARTNERS IV FMV 2660021 2660021 GOLDMAN SACHS VINTAGE VI FMV 413462 413462 GOLDMAN SACHS VINTAGE VII FMV 2682731 2682731 GS PRIVATE MIDDLE MARKET CR FMV 2216249 2216249 GSO MEZZANINE FINANCE FMV 345786 345786 ISHARES CORE US FMV 33126772 33126772 JP MORGAN GLOBAL BOND FMV 7830798 7830798 JP MORGAN INTREPID FMV MOON CAPITAL GLOBAL FMV PIMCO CORPORATE OPPORTUNITY FMV 3686678 3686678 PIMCO ST FMV 7132852 7132852 PMC PARTNERS I OFFSHORE FMV 8321 8321 SCHWAB US BROAD MARKET ETF FMV 24056844 24056844 THORNBURG INTERNATIONAL GROWTH FMV VANGUARD SMALL CAP ETF FMV 6831501 6831501 VANGUARD TOTAL STOCK MARKET FMV 21210789 21210789 VESEY STREET FUND FMV 3455657 3455657 US TREASURY NOTES FMV 11965032 11965032 DIMENSIONAL INTERN CORE FMV 30148354 30148354 TRUEBRIDGE FUND VII FMV 2002340 2002340 TRUBRIDGE FUND VIII FMV 33527 33527 AMER FDS EUROPAC GROWTH FMV 6856096 6856096 WISDOMTREE INTRANET FMV 4125861 4125861 I SHARES COSRE MSCI FMV 9858286 9858286 PIMCO STOCK INTL FMV 6090581 6090581 OAKMARK INTL FMV 2552561 2552561 MFS INTL DIVERSIFICATION FMV 6906796 6906796 SEE ATTACHED 49396737 19534795 29861942 29861942 LEGAL FEES 76819 76439 GIFT SHOP & BEVERAGE SALES BANK FEES 23 23 INFORMATION TECH & SOFTWARE 739 739 EVENTS/PROGRAMS/CLASSES 285 285 EMPLOYEE EXPENSES 320 320 MEMBERSHIPS AND SUBSCRIPTIONS 77 77 SUPPLIES 1878 1878 ADVERTISING 768 768 EXPENSES EMPLOYEE EXPENSES 23639 24035 BANK FEES 61378 1193 60185 INSURANCE 41110 41125 PAYROLL PROCESSING FEES 2396 18 2378 PRESIDENT'S EXPENSES 35000 8750 26250 ASSOCIATE STIPENDS 12000 12000 SUPPLIES 277872 229136 MISCELLANEOUS -1505 -1763 CLASSES AND EVENTS 58506 108481 ADVERTISING 12431 12271 INFORMATION TECH & SOFTWARE 146634 146062 POSTAGE 3595 3595 MEMBERSHIPS & SUBSCRIPTIONS 8165 8265 SPECIAL PROJECTS 10733 14991 FINES, PENALTIES, & JUDGMENTS FUEL 12628 12044 HOUSEKEEPING SUPPLIES 25902 31984 UNIFORMS 14607 14607 COMMUNITY PARTICIPATION 10358 9508 K-1 BOOK/TAX DIFFERENCE 10340015 BUSINESS EXPENSES 20 20 LOSS ON DONATED LAND HELD FOR 1305631 HORTICULTURE PURCHASES 9103 9103 DOW GARDENS ADMISSIONS 1052926 1052926 HORTICULTURAL CLASSES 19217 19217 PINES ADMISSIONS 14841 14841 HORTICULTURE SUP/EQUIP SALES 29621 29621 SEE K-1 INCOME ATTACHMENT 7823572 7823572 WEDDINGS 28987 28987 MISC 2337 2337 SEE K-1 UBI INCOME ATTACHMENT 375021 375021 UNREALIZED GAIN 38132628 DEFERRED TAX LIABILITY 738978 1184713 EXCISE TAX PAYABLE 320000 200000 UNRELATED BUSINESS TAX PAYABLE 175210 75000 INVESTMENT MANAGEMENT FEES 203476 203476 CONTRACTED SERVICES 76261 62240 CONSULTANT 35315 34879 GIFT SHOP & BEVERAGE SALES 12856 12856 INVESTMENT UBI 339742 339742 GIFT SHOP & BEVERAGE SALES 585375 296153 289222 UBI TAXES 137290 LICENSE & PERMITS 4849 4818 EXCISE TAX 1327337 PROPERTY TAX 986 986 GIFT SHOP & BEVERAGE SALES 273 273