GRAND VALLEY UNIVERSITY FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
GRAND VALLEY UNIVERSITY FOUNDATION (EIN 38-6086770)
Tax period
2023-07-01 to 2024-06-30
Filed
2024-12-18
IRS object ID
202443539349300129
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-12-18T16:48:27-06:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN381357951PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PLANTE & MORAN PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1634 FRONT AVE NW STE 300AddressLine1Txt
CityGRAND RAPIDSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49504ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN386086770EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GRAND VALLEY UNIVERSITY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGRANBusinessNameControlTxt
Phone6163312831PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 CAMPUS DRIVE 2015 JHZAddressLine1Txt
CityALLENDALECityNm
State AbbreviationMIStateAbbreviationCd
ZIP49401ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAURA AIKENSPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6163312831PhoneNum
Signature2024-12-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDORI J EGGETTPreparerPersonNm
PTINP00645252PTIN
Phone6167748221PhoneNum
Preparation2024-12-13PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLAURA AIKENSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1301 W FULTON 914ECAddressLine1Txt
CityGRAND RAPIDSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49503ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,088,582GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GVUF.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1965FormationYr
Legal Domicile StateMILegalDomicileStateCd
Activity Or MissionTHE 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.ActivityOrMissionDesc
Voting Members Governing Body106VotingMembersGoverningBodyCnt
Voting Members Independent104VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers250TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$811,806PYContributionsGrantsAmt
CY Contributions Grants$1,040,466CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$64,502PYInvestmentIncomeAmt
CY Investment Income$48,116CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$876,308PYTotalRevenueAmt
CY Total Revenue$1,088,582CYTotalRevenueAmt
PY Grants And Similar Paid$434,874PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,069,916CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$20PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,505CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$19,501CYTotalFundraisingExpenseAmt
PY Other Expenses$150,243PYOtherExpensesAmt
CY Other Expenses$96,102CYOtherExpensesAmt
PY Total Expenses$585,137PYTotalExpensesAmt
CY Total Expenses$1,167,523CYTotalExpensesAmt
PY Revenues Less Expenses$291,171PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$78,941CYRevenuesLessExpensesAmt
Total Assets BOY$4,058,074TotalAssetsBOYAmt
Total Assets EOY$4,650,577TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,058,074NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,650,577NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,072,261ExpenseAmt
Grant$1,069,916GrantAmt
DescFUNDS 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.Desc
Total Program Service Expenses$1,072,261TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members106GoverningBodyVotingMembersCnt
Independent Voting Member104IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREGORY J SANIALBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6163312188PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 CAMPUS DR - 4068 JHZAddressLine1Txt
CityALLENDALECityNm
State AbbreviationMIStateAbbreviationCd
ZIP49401ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (108 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
THOMAS J HAAS
DIRECTOR0.5040.00Yes (X)$0$143,427$31,333
AREND D LUBBERS
DIRECTOR2.0015.00Yes (X)$0$28,489$9,416
DONNA K BROOKS
GENERAL CHAIR2.000.00Yes (X)$0$0$0Yes (X)
JAMES WF BROOKS
GENERAL CHAIR2.000.00Yes (X)$0$0$0Yes (X)
DANIEL G DEVOS
VICE CHAIRMAN2.000.00Yes (X)$0$0$0Yes (X)
PAMELLA G DEVOS
VICE CHAIRMAN2.000.00Yes (X)$0$0$0Yes (X)
DOROTHY A JOHNSON
SECRETARY2.000.00Yes (X)$0$0$0Yes (X)
EDWARD J CLARK
ASSISTANT SECRETARY2.000.00Yes (X)$0$0$0Yes (X)
MICHAEL A BATTS
DIRECTOR0.500.00Yes (X)$0$0$0
LAURIE BEARD
DIRECTOR0.500.00Yes (X)$0$0$0
M CATHERINE BISSELL
DIRECTOR0.500.00Yes (X)$0$0$0
JOHN H BULTEMA III
DIRECTOR0.500.00Yes (X)$0$0$0
BETTY S BURTON GROCE
DIRECTOR0.500.00Yes (X)$0$0$0
JAMES V BUZZITTA
DIRECTOR0.500.00Yes (X)$0$0$0
GUILLERMO CISNEROS
DIRECTOR0.500.00Yes (X)$0$0$0
SAMUEL M CUMMINGS
DIRECTOR0.500.00Yes (X)$0$0$0
KEVIN P CUSACK
DIRECTOR0.500.00Yes (X)$0$0$0
TODD CUSTER
DIRECTOR0.500.00Yes (X)$0$0$0
JESSIE F DALMAN
DIRECTOR0.500.00Yes (X)$0$0$0
RANDALL S DAMSTRA
DIRECTOR0.500.00Yes (X)$0$0$0
MATTHEW DECAMP
DIRECTOR0.500.00Yes (X)$0$0$0
GARTH D DEUR
DIRECTOR0.500.00Yes (X)$0$0$0
GARY D DEWITT
DIRECTOR0.500.00Yes (X)$0$0$0
PETER J DEWITT
DIRECTOR0.500.00Yes (X)$0$0$0
MICHAEL S ELLIS
DIRECTOR0.500.00Yes (X)$0$0$0
VIRGINIA L GEARHART
DIRECTOR0.500.00Yes (X)$0$0$0
KALA J GIBSON
DIRECTOR0.500.00Yes (X)$0$0$0
MICHAEL J GOORHOUSE
DIRECTOR0.500.00Yes (X)$0$0$0
DANIEL A GORDON
DIRECTOR0.500.00Yes (X)$0$0$0
JOHN W GREEN
DIRECTOR0.500.00Yes (X)$0$0$0
ROBERT D GROOTERS
DIRECTOR0.500.00Yes (X)$0$0$0
EDWARD J HANENBURG
DIRECTOR0.500.00Yes (X)$0$0$0
ART A HASSE
DIRECTOR0.500.00Yes (X)$0$0$0
DOYLE A HAYES
DIRECTOR0.500.00Yes (X)$0$0$0
KAREN HENRY STOKES
DIRECTOR0.500.00Yes (X)$0$0$0
PAUL C HILLEGONDS
DIRECTOR0.500.00Yes (X)$0$0$0
LARRY W HINES
DIRECTOR0.500.00Yes (X)$0$0$0
DONNALEE HOLTON
DIRECTOR0.500.00Yes (X)$0$0$0
DAVID S HOOKER
DIRECTOR0.500.00Yes (X)$0$0$0
TAMMY L HUIZENGA
DIRECTOR0.500.00Yes (X)$0$0$0
JC HUIZENGA
DIRECTOR0.500.00Yes (X)$0$0$0
STARR HUMPHRIES
DIRECTOR0.500.00Yes (X)$0$0$0
JOSE A INFANTE
DIRECTOR0.500.00Yes (X)$0$0$0
KYLE S IRWIN
DIRECTOR0.500.00Yes (X)$0$0$0
NELSON C JACOBSON
DIRECTOR0.500.00Yes (X)$0$0$0
RABIH M JAMAL
DIRECTOR0.500.00Yes (X)$0$0$0
MICHAEL J JANDERNOA
DIRECTOR0.500.00Yes (X)$0$0$0
BARI S JOHNSON
DIRECTOR0.500.00Yes (X)$0$0$0
CHARLES E JOHNSON II
DIRECTOR0.500.00Yes (X)$0$0$0
HOLLY A JOHNSON
DIRECTOR0.500.00Yes (X)$0$0$0
JAMES L JURRIES
DIRECTOR0.500.00Yes (X)$0$0$0
ROBERT B KAMINSKI
DIRECTOR0.500.00Yes (X)$0$0$0
GREG KAUFMAN
DIRECTOR0.500.00Yes (X)$0$0$0
JAMES P KEANE
DIRECTOR0.500.00Yes (X)$0$0$0
CHRISTINA L KELLER
DIRECTOR0.500.00Yes (X)$0$0$0
FRED P KELLER
DIRECTOR0.500.00Yes (X)$0$0$0
JOHN C KENNEDY
DIRECTOR0.500.00Yes (X)$0$0$0
MARGARET KENNEDY
DIRECTOR0.500.00Yes (X)$0$0$0
ROBERT L KERSMAN
DIRECTOR - PART YEAR0.500.00Yes (X)$0$0$0
MARY L KRAMER
DIRECTOR0.500.00Yes (X)$0$0$0
MICHAEL S LLOYD
DIRECTOR0.500.00Yes (X)$0$0$0
NANCY J LUBBERS
DIRECTOR0.500.00Yes (X)$0$0$0
JEAN E MARTIN
DIRECTOR0.500.00Yes (X)$0$0$0
HUBERT MASSEY
DIRECTOR0.500.00Yes (X)$0$0$0
DAVID P MEHNEY
DIRECTOR0.500.00Yes (X)$0$0$0
HANK MEIJER
DIRECTOR0.500.00Yes (X)$0$0$0
MEG MILLER WILLIT
DIRECTOR0.500.00Yes (X)$0$0$0
MARK A MURRAY
DIRECTOR0.500.00Yes (X)$0$0$0
RICHARD W MUZZY JR
DIRECTOR0.500.00Yes (X)$0$0$0
NOREEN K MYERS
DIRECTOR0.500.00Yes (X)$0$0$0
MICHAEL K OLTHOFF
DIRECTOR0.500.00Yes (X)$0$0$0
JEFFREY S PADNOS
DIRECTOR0.500.00Yes (X)$0$0$0
SHELLEY E PADNOS
DIRECTOR0.500.00Yes (X)$0$0$0
DONALD J PATON
DIRECTOR0.500.00Yes (X)$0$0$0
KATE PEW WOLTERS
DIRECTOR0.500.00Yes (X)$0$0$0
MARGARET E POTTER
DIRECTOR0.500.00Yes (X)$0$0$0
RANDELL G PRICE
DIRECTOR0.500.00Yes (X)$0$0$0
AARON C RADELET
DIRECTOR0.500.00Yes (X)$0$0$0
LARRY J ROBSON
DIRECTOR0.500.00Yes (X)$0$0$0
ROBERT O ROSKAM
DIRECTOR0.500.00Yes (X)$0$0$0
ROBERT W ROTH
DIRECTOR0.500.00Yes (X)$0$0$0
JOHN G RUSSELL
DIRECTOR0.500.00Yes (X)$0$0$0
TIMOTHY R SCHOWALTER
DIRECTOR0.500.00Yes (X)$0$0$0
JAMES R SEBASTIAN JR
DIRECTOR0.500.00Yes (X)$0$0$0
VIRGINIA M SEYFERTH
DIRECTOR0.500.00Yes (X)$0$0$0
VICTOR SHEPHERD
DIRECTOR0.500.00Yes (X)$0$0$0
MARK F SHERWOOD
DIRECTOR0.500.00Yes (X)$0$0$0
DIANA R SIEGER
DIRECTOR0.500.00Yes (X)$0$0$0
JACK P SMITH
DIRECTOR0.500.00Yes (X)$0$0$0
JAMES M TEETS
DIRECTOR0.500.00Yes (X)$0$0$0
DANIEL W TERPSMA
DIRECTOR0.500.00Yes (X)$0$0$0
GARY L TILKIN
DIRECTOR0.500.00Yes (X)$0$0$0
JERRY L TUBERGEN
DIRECTOR0.500.00Yes (X)$0$0$0
CAROL VAN ANDEL
DIRECTOR0.500.00Yes (X)$0$0$0
RICHARD H VANDERZYDEN
DIRECTOR0.500.00Yes (X)$0$0$0
MICHAEL R VANGESSEL
DIRECTOR0.500.00Yes (X)$0$0$0
ANTHONY VERPLANK
DIRECTOR0.500.00Yes (X)$0$0$0
KATHLEEN VOGELSANG
DIRECTOR0.500.00Yes (X)$0$0$0
MITCHELL G WATT
DIRECTOR0.500.00Yes (X)$0$0$0
ELIZABETH WELCH
DIRECTOR0.500.00Yes (X)$0$0$0
THOMAS G WELCH JR
DIRECTOR0.500.00Yes (X)$0$0$0
SEAN P WELSH
DIRECTOR0.500.00Yes (X)$0$0$0
SCOTT D WIERDA
DIRECTOR0.500.00Yes (X)$0$0$0
ERIC J WOLFF
DIRECTOR0.500.00Yes (X)$0$0$0
STEVEN A WORKMAN
DIRECTOR0.500.00Yes (X)$0$0$0
MICHAEL S YOUNGDAHL
DIRECTOR0.500.00Yes (X)$0$0$0
GREGORY J SANIAL
TREASURER1.0040.00$0$331,064$38,948Yes (X)
LAURA A MEENGS-AIKENS
EXECUTIVE DIRECTOR2.0040.00$0$277,780$61,089Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$780,760TotReportableCompRltdOrgAmt
Total Other Compensation$140,786TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Related Organizations$89,160RelatedOrganizationsAmt
All Other Contributions$951,306AllOtherContributionsAmt
Total Contributions$1,040,466TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,133TotalRevenueColumnAmt
Exclusion$14,133ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$33,983SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$33,983SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$33,983TotalRevenueColumnAmt
Exclusion$33,983ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,088,582TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$48,116ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$849,707TotalAmt
Program Services$849,707ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$220,209TotalAmt
Program Services$220,209ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,505TotalAmt
Program Services$1,216ProgramServicesAmt
Management And General$217ManagementAndGeneralAmt
Fundraising$72FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$17,400TotalAmt
Management And General$17,400ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$6,102TotalAmt
Management And General$6,102ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,412TotalAmt
Program Services$436ProgramServicesAmt
Management And General$2,734ManagementAndGeneralAmt
Fundraising$1,242FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$157TotalAmt
Fundraising$157FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$725TotalAmt
Program Services$192ProgramServicesAmt
Management And General$23ManagementAndGeneralAmt
Fundraising$510FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$64,001TotalAmt
Program Services$364ProgramServicesAmt
Management And General$46,485ManagementAndGeneralAmt
Fundraising$17,152FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,705TotalAmt
Management And General$1,705ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Total$1,600TotalAmt
Program Services$137ProgramServicesAmt
Management And General$1,095ManagementAndGeneralAmt
Fundraising$368FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,167,523TotalAmt
Program Services$1,072,261ProgramServicesAmt
Management And General$75,761ManagementAndGeneralAmt
Fundraising$19,501FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$265,274BOYAmt
EOY$227,903EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$258,728BOYAmt
EOY$207,546EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$3,534,072BOYAmt
EOY$4,215,128EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,058,074BOYAmt
EOY$4,650,577EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,058,074BOYAmt
EOY$4,650,577EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,058,074BOYAmt
EOY$4,650,577EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,058,074BOYAmt
EOY$4,650,577EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$78,941ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$461,564NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$209,880OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,288,027CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$929,697CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,214,021CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$811,806CurrentTaxYearMinus1YearAmt
Current Tax Year$1,040,466CurrentTaxYearAmt
Total$8,284,017TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,288,027CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$929,697CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,214,021CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$811,806CurrentTaxYearMinus1YearAmt
Current Tax Year$1,040,466CurrentTaxYearAmt
Total$8,284,017TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,106,331SubstantialContributorsTotAmt
Public Support Total170$6,177,686PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,493CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19,143CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$12,722CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$29,860CurrentTaxYearMinus1YearAmt
Current Tax Year$14,133CurrentTaxYearAmt
Total$78,351TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,056CurrentTaxYearMinus4YearsAmt
Total$3,056TotalAmt
FieldValueIRS element (for citing)
Total Support$8,365,424TotalSupportAmt
Public Support CY1700.73850PublicSupportCY170Pct
Public Support PY1700.76180PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, SECTION B, LINE 10FormAndLineReferenceDesc
ExplanationOTHER INCOME IN THIS SECTION CONSISTS OF REVENUE RECEIVED FROM GVUF INTERFAITH DIALOGUE ACTIVITIES.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,534,072BeginningYearBalanceAmt
Contributions$323,460ContributionsAmt
Investment Earnings Or Losses$509,680InvestmentEarningsOrLossesAmt
Grants Or Scholarships$123,816GrantsOrScholarshipsAmt
Other Expenditures$22,166OtherExpendituresAmt
Administrative Expenses$6,102AdministrativeExpensesAmt
End Year Balance$4,215,128EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,184,118BeginningYearBalanceAmt
Contributions$176,669ContributionsAmt
Investment Earnings Or Losses$337,410InvestmentEarningsOrLossesAmt
Grants Or Scholarships$107,377GrantsOrScholarshipsAmt
Other Expenditures$51,241OtherExpendituresAmt
Administrative Expenses$5,507AdministrativeExpensesAmt
End Year Balance$3,534,072EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,923,856BeginningYearBalanceAmt
Contributions$460,604ContributionsAmt
Investment Earnings Or Losses-$86,508InvestmentEarningsOrLossesAmt
Grants Or Scholarships$88,760GrantsOrScholarshipsAmt
Other Expenditures$19,603OtherExpendituresAmt
Administrative Expenses$5,471AdministrativeExpensesAmt
End Year Balance$3,184,118EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,368,835BeginningYearBalanceAmt
Contributions$222,689ContributionsAmt
Investment Earnings Or Losses$840,404InvestmentEarningsOrLossesAmt
Grants Or Scholarships$86,545GrantsOrScholarshipsAmt
Other Expenditures$421,527OtherExpendituresAmt
End Year Balance$2,923,856EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,283,874BeginningYearBalanceAmt
Contributions$169,517ContributionsAmt
Investment Earnings Or Losses$6,389InvestmentEarningsOrLossesAmt
Grants Or Scholarships$72,310GrantsOrScholarshipsAmt
Other Expenditures$18,635OtherExpendituresAmt
End Year Balance$2,368,835EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgYes (1)EndowmentsHeldRelatedOrgInd
Related Org List Sch RYes (1)RelatedOrgListSchRInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescENDOWMENTSDesc
Book Value$4,215,128BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$4,215,128TotalBookValueProgramRltdAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,601,142TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$461,564NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$50,996DonatedServicesAndUseFcltsAmt
Revenue Not Reported$512,560RevenueNotReportedAmt
Revenue Subtotal$1,088,582RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,088,582TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,218,519TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$50,996DonatedServicesUseFcltsAmt
Expenses Not Reported$50,996ExpensesNotReportedAmt
Expenses Subtotal$1,167,523ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,167,523TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1GRAND VALLEY STATE UNIVERSITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 CAMPUS DRIVEAddressLine1Txt
CityALLENDALECityNm
State AbbreviationMIStateAbbreviationCd
ZIP49401ZIPCd
FieldValueIRS element (for citing)
Recipient EIN381684280RecipientEIN
IRC Section170(B)(1)(A)IIIRCSectionDesc
Cash Grant$849,707CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Valuation Method UsedN/AValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc
Purpose Of GrantSCHOLARSHIPS AND PUBLIC PROGRAMSPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS FOR COLLEGE EDUCATIONGrantTypeTxt
Recipient65RecipientCnt
Cash Grant$220,209CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Valuation Method UsedN/AValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
GREGORY J SANIAL
TREASURER$0$313,043$0$0$0$18,021$0$36,153$0$2,795$0$370,012$0$0
LAURA A MEENGS-AIKENS
EXECUTIVE DIRECTOR$0$269,326$0$0$0$8,454$0$33,307$0$27,782$0$338,869$0$0
THOMAS J HAAS
DIRECTOR$0$97,119$0$0$0$46,308$0$15,479$0$15,854$0$174,760$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1ATHE 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 2JAMES 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 11BTHE 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 12CAS 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 19THE 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 2CTHIS 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.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
GRAND VALLEY STATE UNIVERSITY
1 CAMPUS DRIVEALLENDALEMI49401381684280HIGHER EDUCATIONMI501(C)(3)LINE 6N/A0
UNIVERSITY PROPERTIES INC
1 CAMPUS DRIVEALLENDALEMI49401382791820SUPPORT GVSUMI501(C)(3)LINE 12B, II0GVSU
GRAND VALLEY RESEARCH CORPORATION
1 CAMPUS DRIVEALLENDALEMI49401202190660SUPPORT GVSUMI501(C)(3)LINE 50GVSU
K12C SOLUTIONS INC
1 CAMPUS DRIVEALLENDALEMI49401923924596SUPPORT GVSUMI501(C)(3)LINE 12A, I0GVSU
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 1, COLUMN EFormAndLineReferenceDesc
ExplanationGRAND VALLEY STATE UNIVERSITY HAS A DUAL PUBLIC CHARITY STATUS OF BOTH 509(A)(1) AND 170(B)(1)(A)(II).ExplanationTxt

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