2022-05-11T07:42:13-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2020-07-01 420680387 TRUSTEES OF GRINNELL COLLEGE TRUS 6412699700 733 BROAD STREET GRINNELL IA 501122227 NANCY COMBS INTERIM VICE-PRESIDENT FOR FINANCE 6412699700 2022-05-06 1 NANCY COMBS 999009999 CHAD LASSEN P01587992 6123764500 2022-05-06 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GRINNELL COLLEGE NANCY COMBS 733 BROAD STREET GRINNELL IA 501122227 1019491317 0 X WWW.GRINNELL.EDU X 1846 IA TO EDUCATE STUDENTS IN THE LIBERAL ARTS THROUGH FREE INQUIRY AND THE OPEN EXCHANGE OF IDEAS. 29 29 2228 802 1998380 1153807 17404452 11462523 106861497 87341535 86166893 174274866 1118721 896902 211551563 273975826 56894395 52346251 0 0 80552806 78833740 782720 204800 5563079 56695063 58582785 194924984 189967576 16626579 84008250 2534031984 3450447819 231048879 300125396 2302983105 3150322423 X SEE SCHEDULE O 0 0 96141088 50430739 82242609 INSTRUCTIONAL PROGRAMS AT THE PRIVATE 4-YEAR RESIDENTIAL COLLEGE INCLUDE THE LIBERAL ARTS AND SCIENCES. GRINNELL OFFERS A BACHELOR OF ARTS IN 27 MAJOR FIELDS WITH 16 CONCENTRATIONS AND A 1:9 FACULTY TO STUDENT RATIO. GRINNELL COLLEGE HAS APPROXIMATELY 1,700 STUDENTS GENERALLY FROM ALL STATES AND ABOUT 50 OTHER COUNTRIES. AT THE CENTER OF A GRINNELL EDUCATION IS THE COLLEGE'S INDIVIDUALLY ADVISED CURRICULUM. IT COMBINES INTENSE FACULTY MENTORING WITH AN UNCOMMON LEVEL OF STUDENT RESPONSIBILITY FOR CHOOSING THEIR OWN UNIQUE SET OF COURSES.MENTORING BEGINS IN THE FIRST-YEAR TUTORIAL, THE ONLY REQUIRED COURSE AT GRINNELL COLLEGE. FACULTY MEMBERS FROM ALL ACADEMIC DEPARTMENTS TEACH THE TUTORIAL AND THEIR TOPICS VARY WIDELY, BUT EVERY TUTORIAL EMPHASIZES WRITING, CRITICAL THINKING AND ANALYSIS, DISCUSSION SKILLS, AND INFORMATION LITERACY.EACH TUTOR ALSO SERVES AS ADVISER TO THE TUTORIAL STUDENTS UNTIL THEY DECLARE A MAJOR FIELD OF STUDY, OFFERING GUIDANCE FROM AN INSTRUCTOR WITH PERSONAL KNOWLEDGE OF THEIR ACADEMIC INTERESTS, APTITUDES, AND NEEDS.THE TUTORIAL IS USUALLY LIMITED TO 12 STUDENTS, MAKING IT SMALLER THAN THE AVERAGE CLASS, THOUGH SIMILAR IN INTENSITY TO THE REST OF THE CURRICULUM. IN FACT, GRINNELL CLASSES GENERALLY ARE SMALL, WITH AN AVERAGE ENROLLMENT OF 16 AND FEWER THAN 9 PERCENT OF CLASSES ABOVE 30 STUDENTS.MANY ACADEMIC PROGRAMS OFFER A MENTORED ADVANCED PROJECT (MAP), EITHER AS INDEPENDENT STUDY OR IN THE CONTEXT OF A SEMINAR. THE MAP, CLOSELY GUIDED BY A FACULTY DIRECTOR, GIVES UPPER-LEVEL STUDENTS OPPORTUNITY TO CULMINATE A SEQUENCE OF ACADEMIC WORK BY COMPLETING AN ADVANCED PROJECT IN RESEARCH OR CREATIVE ARTS.AT ALL LEVELS OF THE CURRICULUM, GRINNELL COLLEGE STUDENTS RECEIVE AN EDUCATION ROOTED IN ACTIVE EXPERIENCE. FOR EXAMPLE, STUDENTS IN SCIENCE CLASSES ENGAGE IN DISCOVERY-BASED LEARNING, EVEN AT THE INTRODUCTORY LEVEL. EACH AREA OF THE FINE ARTS OFFERS OPPORTUNITIES FOR CREATIVE PRACTICE ALONGSIDE THE STUDY OF HISTORY, THEORY, AND FORMAL ANALYSIS.OUTSIDE THE CLASSROOM, THE CENTER FOR CAREERS, LIFE, AND SERVICE HAS COORDINATED MORE THAN 500 COLLEGE-FUNDED SUMMER INTERNSHIPS FOR STUDENTS OVER THE PAST FIVE YEARS. ABOUT A THIRD OF STUDENTS PARTICIPATE IN INTERCOLLEGIATE ATHLETICS THROUGH MEMBERSHIP ON VARSITY TEAMS.STUDENT-REGULATED RESIDENCE LIFE, ANOTHER IMPORTANT FEATURE OF A GRINNELL EDUCATION, TEACHES STUDENTS THE PRAGMATIC SOCIAL SKILLS OF SELF-GOVERNANCE AS THEY LIVE TOGETHER IN COMMUNITY.THE COLLEGE OFFERS A CALENDAR PACKED WITH CULTURAL EVENTS AND ACTIVITIES, INCLUDING CONCERTS, LECTURES, THEATRE, FILMS, AND OPPORTUNITIES FOR VOLUNTEER AND CIVIC INVOLVEMENT. GRINNELL HAS NEVER HAD FRATERNITIES OR SORORITIES; SOCIAL EVENTS ARE OPEN TO ALL MEMBERS OF THE COLLEGE.GRINNELL'S EMPHASIS ON ACTIVE LEARNING EXTENDS TO PARTICIPATION IN THE GLOBAL COMMUNITY. WITH INTERNATIONAL STUDENTS MAKING UP NEARLY 20 PERCENT OF THE STUDENT BODY AND DOMESTIC STUDENTS REPRESENTING EVERY STATE, GRINNELL OFFERS A GEOGRAPHICALLY AND CULTURALLY DIVERSE ENVIRONMENT FOR LIVING AND LEARNING. A FLOURISHING INSTITUTE FOR GLOBAL ENGAGEMENT COORDINATES AND HIGHLIGHTS THE MANY COURSES AND PROGRAMS AT GRINNELL COLLEGE WITH A GLOBAL PERSPECTIVE. EVEN WITHOUT A LANGUAGE REQUIREMENT, NEARLY ALL STUDENTS ELECT TO STUDY A FOREIGN LANGUAGE. MORE THAN HALF OF GRINNELL STUDENTS (A NUMBER MATCHED BY VERY FEW OTHER COLLEGES) SPEND A SEMESTER IN OFF-CAMPUS STUDY. NEARLY ALL OF THESE STUDENTS DECIDE TO LIVE AND STUDY OUTSIDE OF THE UNITED STATES.INTENSIVE TEACHING, ACTIVE LEARNING, RESIDENCE IN A COMMUNITY OF CULTURAL AND GLOBAL DIVERSITY, AND SELF-GOVERNANCE IN BOTH SOCIAL AND ACADEMIC LIFE--THESE ELEMENTS COME TOGETHER AT GRINNELL COLLEGE TO FORM A DISTINCTIVE EXPERIENCE OF LIBERAL EDUCATION. 25221929 1230825 708266 STUDENT SERVICES INCLUDES REGISTRATION, COUNSELING, ADMISSION AND FINANCIAL AID, HEALTH SERVICES, INTERCOLLEGIATE ATHLETICS, LECTURES, CONVOCATIONS AND OTHER STUDENT PROGRAMS. 27557285 684687 0 ACADEMIC AND INSTITUTIONAL SUPPORT INCLUDES LIBRARY, FACULTY DEVELOPMENT, COMPUTER SERVICES, PUBLIC RELATIONS, PRINTING SERVICES, MAIL SERVICES, AND OTHER EXPENDITURES TO SUPPORT THE ACTIVITIES OF THE COLLEGE. 15119944 0 4390660 OTHER PROGRAM SERVICES INCLUDE AUXILIARY ENTERPRISES SUCH AS HOUSING AND FOOD SERVICES. 15119944 0 4390660 164040246 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 1 1 1 1 1 0 1 X 1969 0 2228 1 1 1 1 UK 0 0 0 0 0 0 0 0 0 1 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 CA MA MI NY SC X NANCY COMBS 6412699700 733 BROAD STREET GRINNELL IA 501122227 DAVID E MAXWELL TRUSTEE & CHAIR 4.00 0.00 X X 0 0 0 MICHAEL B KAHN TRUSTEE & VICE CHAIR 4.00 0.00 X X 0 0 0 SHERYL WALTER TRUSTEE & VICE CHAIR 4.00 0.00 X X 0 0 0 TRISH FITZGIBBONS ANDERSON TRUSTEE 2.00 0.00 X 0 0 0 DAVID B BRAMAN TRUSTEE 2.00 0.00 X 0 0 0 R CHRISTINA CUTLIP TRUSTEE 1.00 0.00 X 0 0 0 ODILE DISCH-BHADKAMKAR TRUSTEE 1.00 0.00 X 0 0 0 JEETANDER DULANI TRUSTEE 1.00 0.00 X 0 0 0 SHELLEY FLOYD TRUSTEE 1.00 0.00 X 0 0 0 JULIE GOSSELINK TRUSTEE 1.00 0.00 X 0 0 0 KEITH A JANTZEN TRUSTEE 1.00 0.00 X 0 0 0 JOHN H KISPERT TRUSTEE 2.00 0.00 X 0 0 0 KIMBERLY A KUNCL TRUSTEE 1.00 0.00 X 0 0 0 TOBI KLEIN MARCUS TRUSTEE 2.00 0.00 X 0 0 0 G CHRISTOPHER MEYER TRUSTEE 1.00 0.00 X 0 0 0 KATHRYN J MOHRMAN TRUSTEE 1.00 0.00 X 0 0 0 GEORGE E MOOSE TRUSTEE 2.00 0.00 X 0 0 0 STEPHEN G MOYER TRUSTEE 1.00 0.00 X 0 0 0 JEANNE MYERSON TRUSTEE 2.00 0.00 X 0 0 0 ANGELA ONWUACHI-WILLIG TRUSTEE 1.00 0.00 X 0 0 0 SAUMIL H PARIKH TRUSTEE 1.00 0.00 X 0 0 0 NANCY L RADERMECHER TRUSTEE 1.00 0.00 X 0 0 0 W EDWARD SENN TRUSTEE 2.00 0.00 X 0 0 0 KAREN E SHAFF TRUSTEE 1.00 0.00 X 0 0 0 JOEL R SPIEGEL TRUSTEE 1.00 0.00 X 0 0 0 KRISTIN STOUT TRUSTEE 1.00 0.00 X 0 0 0 MATTHEW E WELCH TRUSTEE 2.00 0.00 X 0 0 0 ERIC E WHITAKER TRUSTEE 1.00 0.00 X 0 0 0 CONNIE WIMER TRUSTEE 1.00 0.00 X 0 0 0 JAINEN THAYER CHIEF INVESTMENT OFFICER 60.00 0.00 X 797176 0 61371 ANNE HARRIS PRESIDENT 60.00 0.00 X 400025 0 66504 KEITH ARCHER VP FINANCE AND TREASURER 60.00 0.00 X 253632 0 47296 MEG JONES BAIR SECRETARY 50.00 0.00 X 101504 0 33729 JACI THIEDE VP DEVELOPMENT & ALUMNI RELATIONS 60.00 0.00 X 330503 0 42665 JOSEPH P BAGNOLI VP ENROLLMENT 60.00 0.00 X 233441 0 93865 ANGELA VOOS VP STRAT. INITIATIVES/CHIEF OF STAFF 60.00 0.00 X 223759 0 27453 DAVID R ROBINSON CHIEF INFORMATION OFFICER 60.00 0.00 X 200050 0 45831 DEBRA LUKEHART VP COMMUNICATIONS 60.00 0.00 X 194369 0 47071 ELAINE M MARZLUFF INTERIM DEAN OF THE COLLEGE 60.00 0.00 X 182942 0 29434 SARAH MOSCHENROSS VP STUDENT AFFAIRS 60.00 0.00 X 159447 0 45988 PAIGE L CARLSON ASSOCIATE DIRECTOR OF INVESTMENTS 50.00 0.00 X 316072 0 55541 DAVID E LOPATTO PSYCHOLOGY PROF/DIR-CTR FOR TEACHING 50.00 0.00 X 188743 0 68204 HENRY W MOYER PROFESSOR OF POLITICAL SCIENCE 50.00 0.00 X 220994 0 33402 DAVID G CAMPBELL PROFESSOR OF BIOLOGY 50.00 0.00 X 205707 0 43198 JAMES SWARTZ PROFESSOR OF CHEMISTY 50.00 0.00 X 180489 0 39113 RAYNARD S KINGTON FORMER PRESIDENT 60.00 0.00 X 349813 0 90463 NANCY L COMBS CONTROLLER & ASSISTANT TREASURER 50.00 0.00 X 175294 0 47485 JOHN W KALKBRENNER AVP FOR AUXILLARY SERVICES 50.00 0.00 X 196687 0 45645 4910647 0 964258 153 1 1 0 SUMMIT STREET CAPITAL MANAGEMENT LLC 509 MADISON AVE 19TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGER 1276098 EAGLE CAPITAL 499 PARK AVENUE 17TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGER 1224397 BARES CAPITAL MANAGEMENT 12600 HILL COUNTRY BLVD STE R-230 AUSTIN TX 78738 INVESTMENT MANAGER 849227 PLUS CONSULTING LLC 505 WASHINGTON AVE CARNEGIE PA 15106 IT CONSULTANT 546367 NYEMASTER GOODE PC STE 1600 700 WALNUT DES MOINES IA 503093899 LEGAL 489279 20 2832622 8629901 551969 11462523 TUITION 611600 82172699 82172699 AUXILIARY SERVICES 611710 4390620 4390620 FEES, SOURCES, AND FIN 611710 708266 708266 INDIRECT COST RECOVERY 611710 1530 1530 ALUMNI FEES 611710 40 40 68380 68380 87341535 5952091 1998380 3953711 1161 1161 924366 924366 143923 173388 -29465 -29465 -29465 913614017 49700 745312932 29171 168301085 20529 168321614 168321614 MISCELLANEOUS REVENUE 900099 2001 2001 2001 273975826 82241079 1998380 178273844 448787 448787 43246180 43246180 8651284 8651284 2962968 716524 1565789 680655 1270632 399540 871092 55899504 51073535 2108480 2717489 5170671 4386499 484828 299344 9271049 7935394 763802 571853 4258916 3737059 304768 217089 752667 48001 703566 1100 96918 96918 204800 204800 4496 1497 2999 3857507 3436499 357280 63728 115725 90277 24368 1080 7930516 7559179 87858 283479 3167085 2984200 182139 746 9447 9428 19 6405166 5903771 309165 192230 411975 362012 46528 3435 559433 416528 131247 11658 5840965 5840965 13759249 13344139 255961 159149 731500 731500 INVEST. EXCISE AND UBI 12026078 1169 12024909 DINING PROGRAM FOOD COS 1043268 1043268 OFF CAMPUS PROGRAM COST 336170 336170 SPECIAL PROGRAMS 209358 203798 5560 1325262 1133043 36994 155225 189967576 164040246 20364251 5563079 2932570 3271051 9098682 7104905 2519606 4117782 4838 410 1325559 1242381 2667377 3525248 571316514 239397588 339549012 331918926 534808549 712437241 1635882723 2382136146 5243068 4693729 2534031984 3450447819 35705920 46164717 1016026 5876110 180662494 173519960 4043841 4140759 60012799 9620598 10411051 231048879 300125396 X 1595011033 2160524998 707972072 989797425 2302983105 3150322423 2534031984 3450447819 X 84008250 766349096 -3018028 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42047 9787622 0 0 X X X 0 0 1 X 2090750442 3632433 924779487 23640134 63972152 2931550076 2069953401 7007029 96291971 23390030 59111929 2090750442 1991605132 3278055 154954634 21720418 58164002 2069953401 1871046105 13951066 184388901 21647276 56133664 1991605132 1648783045 3652010 301514594 21397837 61505707 1871046105 0.67000 0.33000 0.00000 1 0 100 4725916 4726016 457820733 168252574 289568159 80544169 62728143 17816026 28225596 8416871 19808725 331918926 29447960 F NON-MARKETABLE ALTERNATIVES 1354144591 F MARKETABLE ALTERNATIVES 991244003 F OTHER SECURITIES 19310 F BENEFICIAL INTEREST IN TRUSTS 7280282 F 2382136146 ANNUITIES PAYABLE 10411051 10411051 X 978451160 766349096 181609 766530705 211920455 62055371 62055371 273975826 131111842 173388 173388 130938454 59029122 59029122 189967576 PART III, LINE 4: THE FOCUS OF THE GRINNELL COLLEGE ART COLLECTION IS WORKS ON PAPER OF ALL TYPES THOUGH IT IS NOT EXCLUSIVELY A WORKS ON PAPER COLLECTION. THE MUSEUM OF ART AND ITS ART COLLECTION PROMOTE LEARNING THROUGH ARTISTIC EXCELLENCE AND CREATIVE COLLABORATION. GOALS OF THE MUSEUM INCLUDE DEVELOPING COLLECTIONS THAT DIRECTLY SUPPORT EXHIBITIONS, TEACHING, AND RESEARCH AND TO PROVIDE A VARIETY OF LEARNING OPPORTUNITIES WITH ART AS THE PRIMARY SOURCE USING THE COLLECTION AS A DYNAMIC PART OF THE LEARNING PROCESS AND ACROSS THE CURRICULUM, FACILITATING THE INTEGRATION OF THE GALLERY AND ITS RESOURCES IN THE CLASSROOM AND IN RESEARCH. PART IV, LINE 2B: GRINNELL COLLEGE CLASSIFIES ON FORM 990 PART X LINE 21 AMOUNTS HELD FOR PERKINS LOANS PAYABLE, FUNDS HELD IN TRUST FOR OTHERS RELATED TO ANNUITIES AND STUDENT GROUP/OTHER GROUP AGENCY ACCOUNTS. PART V, LINE 4: THE INTENDED USE OF THE GRINNELL COLLEGE ENDOWMENT IS TO PROVIDE PREDICTABLE AND STABLE SUPPORT FOR THE COLLEGE'S MISSION AS A FINE LIBERAL ARTS COLLEGE. PART X, LINE 2: THE COLLEGE HAS RECEIVED A TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) STATING THAT IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE COLLEGE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE, AND HAS CONCLUDED THAT AS OF JUNE 30, 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 173,388. CHANGE IN VALUE OF LIFE INSURANCE 8,221. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT AND SCHOLARSHIPS 50,030,422. ALUMNI FEES 40. INVESTMENT EXCISE AND UNRELATED BUSINESS INCOME TAX 12,024,909. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 173,388. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT AND SCHOLARSHIPS 50,030,422. ALUMNI FEES 40. INVESTMENT EXCISE AND UNRELATED BUSINESS INCOME TAX 12,024,909. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION -1,175,449. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -1,850,800. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATION STATEMENTS ARE INCLUDED IN THE ACADEMIC COURSE CATALOG ON THE COLLEGE'S PUBLIC WEBSITE (WWW.GRINNELL.EDU). THE COLLEGE'S NONDISCRIMINATION POLICY IS ALSO POSTED ON THE POLICY SECTION OF THE COLLEGE'S PUBLIC WEBSITE. WITH A STUDENT BODY THAT IS DRAWN FROM AROUND THE WORLD, THE PUBLIC ACCESS TO THE WEBSITE IS THE CLEAREST AND MOST FAR REACHING MEANS OF MAKING THE COLLEGE'S NONDISCRIMINATION POLICY WIDELY KNOWN AND AVAILABLE. SCHEDULE E, PART I, LINE 6 FINANCIAL AID RECEIVED WERE PELL GRANTS, SEOG, AND OTHER GRANTS FOR STUDENTS. GRINNELL COLLEGE ALSO RECEIVED NSF, NEH, AND HEERF (COVID-19) FUNDING. 1 CENTRAL AMERICA & CARIBBEAN 0 0 GRANTS 378726 SOUTH ASIA 0 0 GRANTS 2852815 SOUTH AMERICA 0 0 GRANTS 831670 RUSSIA & NEIGHBORING STATES 0 0 GRANTS 288045 SUB-SAHARAN AFRICA 0 0 GRANTS 612035 MIDDLE EAST & NORTH AFRICA 0 0 GRANTS 217614 EUROPE 0 0 GRANTS 1071098 EAST ASIA & THE PACIFIC 0 0 GRANTS 2305539 NORTH AMERICA 0 0 GRANTS 93742 EUROPE 0 0 INVESTMENTS (BOOK VALUE) 35316591 SUB-SAHARAN AFRICA 0 0 INVESTMENTS (BOOK VALUE) 47299299 CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS (BOOK VALUE) 700013542 NORTH AMERICA 0 0 INVESTMENTS (BOOK VALUE) 96000 EUROPE 0 0 INVESTMENTS (EXPENDITURES) 5643775 EAST ASIA & THE PACIFIC 0 0 INVESTMENTS (EXPENDITURES) 11266143 SUB-SAHARAN AFRICA 0 0 INVESTMENTS (EXPENDITURES) 5287023 CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS (EXPENDITURES) 96691184 RUSSIA & NEIGHBORING STATES 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 3500 SOUTH AMERICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 520 EUROPE 1 1 PROGRAM SERVICES ACADEMIC/EDUCATION 37844 CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 1013 SOUTH ASIA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 676 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 9179 0 0 1 1 1 1 8557542 901760031 910317573 0 0 AWARDS SOUTH ASIA 1 17500 CHECK N/A N/A AWARDS SOUTH AMERICA 1 17500 WIRE TRANSFER N/A N/A FELLOWSHIPS SUB-SAHARAN AFRICA 4 10029 CHECK N/A N/A FELLOWSHIPS SOUTH ASIA 28 53296 CHECK N/A N/A FELLOWSHIPS SOUTH AMERICA 9 18228 CHECK N/A N/A FELLOWSHIPS RUSSIA & NEIGHBORING STATES 2 3500 CHECK N/A N/A FELLOWSHIPS NORTH AMERICA 4 6800 CHECK N/A N/A FELLOWSHIPS MIDDLE EAST & NORTH AFRICA 3 2850 CHECK N/A N/A FELLOWSHIPS EUROPE 15 18475 CHECK N/A N/A FELLOWSHIPS CENTRAL AMERICA & CARIBBEAN 3 2988 CHECK N/A N/A FELLOWSHIPS EAST ASIA & THE PACIFIC 43 74170 CHECK N/A N/A INTERNSHIPS SOUTH ASIA 11 40837 CHECK N/A N/A INTERNSHIPS SOUTH AMERICA 3 10921 CHECK N/A N/A INTERNSHIPS RUSSIA & NEIGHBORING STATES 1 3200 CHECK N/A N/A INTERNSHIPS NORTH AMERICA 2 7700 CHECK N/A N/A INTERNSHIPS MIDDLE EAST & NORTH AFRICA 1 5814 CHECK N/A N/A INTERNSHIPS EUROPE 3 10840 CHECK N/A N/A INTERNSHIPS EAST ASIA & THE PACIFIC 9 31040 CHECK N/A N/A PRIZES EUROPE 11 18400 CHECK N/A N/A PRIZES SOUTH AMERICA 2 4200 CHECK N/A N/A PRIZES SOUTH ASIA 11 8039 CHECK N/A N/A PRIZES SUB-SAHARAN AFRICA 3 6700 CHECK N/A N/A PRIZES CENTRAL AMERICA & CARIBBEAN 2 5200 CHECK N/A N/A PRIZES EAST ASIA & THE PACIFIC 10 7175 CHECK N/A N/A SCHOLARSHIPS MIDDLE EAST & NORTH AFRICA 5 208950 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS EUROPE 23 1023383 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS NORTH AMERICA 3 79242 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS RUSSIA & NEIGHBORING STATES 6 281345 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS SOUTH AMERICA 19 780821 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS SOUTH ASIA 72 2733143 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS SUB-SAHARAN AFRICA 11 595306 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS EAST ASIA & THE PACIFIC 172 2193154 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIPS CENTRAL AMERICA & CARIBBEAN 8 370538 CREDIT TO STUDENT ACCOUNT N/A N/A 1 0 1 1 1 0 PART I, LINE 2: SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S GRINNELL COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM, AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON FUND AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY GRINNELL COLLEGE. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH GRINNELL COLLEGE POLICY. STUDENTS AWARDED OTHER FUNDS MAKE VARIOUS REPORTS AND PRESENTATIONS ON THEIR RESEARCH OR STUDY AS REQUIRED BASED ON INDIVIDUAL REQUIREMENTS OF THE FUNDING. PART III, COL (C): FOR PURPOSES OF THIS REPORT, THE COLLEGE RELIES ON ITS INTERNAL FINANCIAL SYSTEM SOFTWARE TO REPORT AID BY THE RECIPIENTS' COUNTRY OF RESIDENCE. PART III ACCOUNTING METHOD: X X X X X X 1 BENTZ WHALEY FLESSNER 7251 OHMS LANE MINNEAPOLIS MN 55439 FUNDRAISING PLAN DEVELOPMENT 0 0 16125 0 LEVEL 5 THE EXPO GROUP 5931 W CAMPUS CIRCLE DR IRVING TX 75063 FUNDRAISING PLAN DEVELOPMENT 0 0 188675 0 204800 AK AL AR CA CO CT FL GA HI IL KS KY MA ME MI MD MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI AZ DE ID IN IA LA MT NE NV SD TX VT WY 1 CITY OF GRINNELL 520 4TH AVENUE GRINNELL IA 50112 426004734 GOV 277500 N/A N/A GENERAL SUPPORT CLAUDE W AND DOLLY AHERNS FOUNDATION 1510 PENROSE ST GRINNELL IA 50112 391906775 501(C)(3) 21548 N/A N/A GENERAL SUPPORT GREATER POWESHIEK COMMUNITY FOUNDATION 1510 PENROSE ST GRINNELL IA 50112 421298055 501(C)(3) 31680 N/A N/A GENERAL SUPPORT GRINNELL AREA CHAMBER OF COMMERCE 833 4TH AVENUE GRINNELL IA 50112 420286455 501(C)(6) 9050 N/A N/A GENERAL SUPPORT MID-IOWA COMMUNITY ACTION 1001 SOUTH 18TH AVENUE MARSHALLTOWN IA 50158 420923311 501(C)(3) 8000 N/A N/A GENERAL SUPPORT POWESHIEK COUNTY 302 E MAIN ST PO BOX 57 MONTEZUMA IA 50171 426004976 GOV 7500 N/A N/A GENERAL SUPPORT THE COLLECTIVE 2234 LAMAR AVENUE MEMPHIS TN 38114 320460234 501(C)(3) 25000 N/A N/A GENERAL SUPPORT TIDES FOUNDATION 1014 TORNEY AVE SAN FRANCISCO CA 94129 510198509 501(C)(3) 50000 N/A N/A GENERAL SUPPORT 7 1 SCHOLARSHIPS 1272 41764539 0 N/A N/A PRIZES 76 69741 0 N/A N/A FELLOWSHIPS 1215 1212036 0 N/A N/A INTERSHIPS 42 133746 0 N/A N/A AWARDS 3 60000 0 N/A N/A LOAN PAYMENT 1 6117 0 N/A N/A PART I, LINE 2: SCHOLARSHIPS AND GRANTS FOR STUDENTS ARE APPLIED DIRECTLY TO A STUDENT'S GRINNELL COLLEGE ACCOUNT AND APPLIED TO TUITION, FEES, ROOM AND BOARD. ALL FINANCIAL AID IS SUBJECT TO REVISION BASED ON FUND AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS MUST BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY GRINNELL COLLEGE. ANNUAL RENEWAL OF FINANCIAL AID IS CONTINUOUS IF INSTITUTIONAL FINANCIAL NEED REMAINS, ALL REQUIRED DOCUMENTS ARE COMPLETED BY THE PUBLISHED DEADLINE AND SATISFACTORY ACADEMIC PROGRESS IS MAINTAINED CONSISTENT WITH GRINNELL COLLEGE POLICY. STUDENTS AWARDED OTHER FUNDS MAKE VARIOUS REPORTS AND PRESENTATIONS ON THEIR RESEARCH OR STUDY AS REQUIRED BASED ON INDIVIDUAL REQUIREMENTS OF THE FUNDING. THE COLLEGE AWARDS GRANTS TO LOCAL ORGANIZATIONS WHICH ARE ADMINISTERED THROUGH THE OFFICE OF COMMUNITY ENHANCEMENT AND ENGAGEMENT. APPLICATIONS ARE REVIEWED BY A COMMITTEE OF FACULTY, STAFF AND GRINNELL COLLEGE STUDENTS FROM THE LOCAL AREA. ALL FINANCIAL CONTRIBUTIONS FOCUS ON THE STRATEGIC PRIORITIES OF STRENGTHENING CULTURAL, RECREATIONAL, AND EDUCATIONAL OPPORTUNITIES IN THE LOCAL AREA AS WELL AS INITIATIVES THAT ENHANCE THE SAFETY, BEAUTY, AND ECONOMIC VITALITY OF OUR SURROUNDINGS. GRINNELL COLLEGE HAS ASSEMBLED A DIVERSE SELECTION COMMITTEE TO EVALUATE NOMINEES FOR THE GRINNELL COLLEGE YOUNG INNOVATOR FOR SOCIAL JUSTICE PRIZE. APPOINTED BY THE COLLEGE'S PRESIDENT, THE SELECTION COMMITTEE MEMBERS ARE ALL RECOGNIZED INDIVIDUALS WHO WORK FOR SOCIAL CHANGE IN VARIOUS CAPACITIES. THEIR BACKGROUNDS, ACCOMPLISHMENTS, AND EXPERIENCES REFLECT THE DIVERSITY IN BOTH GRINNELL AND THE STATE. THESE MEMBERS INCLUDE ONE REPRESENTATIVE EACH FROM THE COLLEGE'S FACULTY, STUDENT BODY, ALUMNI, STAFF AND TRUSTEES, PLUS PROMINENT INDIVIDUALS NOT FORMALLY AFFILIATED WITH GRINNELL. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JAINEN THAYER CHIEF INVESTMENT OFFICER 505096 0 256325 0 35755 0 28500 0 32871 0 858547 0 0 0 ANNE HARRIS PRESIDENT 390791 0 0 0 9234 0 28500 0 38004 0 466529 0 0 0 RAYNARD S KINGTON FORMER PRESIDENT 304488 0 0 0 45325 0 38250 0 52213 0 440276 0 0 0 JACI THIEDE VP DEVELOPMENT & ALUMNI RELATIONS 323957 0 0 0 6546 0 28500 0 14165 0 373168 0 0 0 PAIGE L CARLSON ASSOCIATE DIRECTOR OF INVESTMENTS 217296 0 98327 0 449 0 28500 0 27041 0 371613 0 0 0 JOSEPH P BAGNOLI VP ENROLLMENT 232116 0 0 0 1325 0 23682 0 70183 0 327306 0 0 0 KEITH ARCHER VP FINANCE AND TREASURER 251423 0 0 0 2209 0 25625 0 21671 0 300928 0 0 0 DAVID E LOPATTO PSYCHOLOGY PROF/DIR-CTR FOR TEACHING 185146 0 0 0 3597 0 19057 0 49147 0 256947 0 0 0 HENRY W MOYER PROFESSOR OF POLITICAL SCIENCE 218126 0 0 0 2868 0 22027 0 11375 0 254396 0 0 0 ANGELA VOOS VP STRAT. INITIATIVES/CHIEF OF STAFF 221803 0 0 0 1956 0 22336 0 5117 0 251212 0 0 0 DAVID G CAMPBELL PROFESSOR OF BIOLOGY 201999 0 0 0 3708 0 20848 0 22350 0 248905 0 0 0 DAVID R ROBINSON CHIEF INFORMATION OFFICER 199490 0 0 0 560 0 20500 0 25331 0 245881 0 0 0 JOHN W KALKBRENNER AVP FOR AUXILLARY SERVICES 195387 0 0 0 1300 0 20129 0 25516 0 242332 0 0 0 DEBRA LUKEHART VP COMMUNICATIONS 193196 0 0 0 1173 0 20060 0 27011 0 241440 0 0 0 NANCY L COMBS CONTROLLER & ASSISTANT TREASURER 174207 0 0 0 1087 0 17941 0 29544 0 222779 0 0 0 JAMES SWARTZ PROFESSOR OF CHEMISTY 177040 0 0 0 3449 0 18163 0 20950 0 219602 0 0 0 ELAINE M MARZLUFF INTERIM DEAN OF THE COLLEGE 182362 0 0 0 580 0 18430 0 11004 0 212376 0 0 0 SARAH MOSCHENROSS VP STUDENT AFFAIRS 154679 0 0 0 4768 0 16500 0 29488 0 205435 0 0 0 PART I, LINE 1A THE PRESIDENT IS REQUIRED TO LIVE IN COLLEGE OWNED HOUSING. THE COLLEGE EMPLOYS A HOUSEKEEPER FOR THIS HOUSING. THE HOUSING BENEFIT IS NOT TAXABLE PURSUANT TO IRC SECTION 119 AS IT IS A CONDITION OF THE PRESIDENT'S EMPLOYMENT AT THE COLLEGE. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624602Q8 2014-11-20 60381280 REFUND 6-26-08 $60,000,000 BOND ISSUE 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624605V4 2017-02-07 120702057 FACILITIES CONSTRUCTION AND IMPROVEMENTS 0 0 0 A 60381280 13196 366752 60001332 2014 0 1 1 1 B 122180443 695093 121485350 2020 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/31/2019 ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/31/2020 SCHEDULE K, PART I, COLUMN (E) AND PART II, LINE 3: (A) ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY BOND B HAS A VARIANCE FROM THE ISSUE PRICE OF $120,702,057 AND THE TOTAL PROCEEDS OF ISSUE $122,180,443, THE $1,478,386 VARIANCE IS DUE TO INVESTMENT EARNINGS. 162383 SCHOLARSHIPS & GRANTS 7300 FELLOWSHIP 650 PRIZES JOHN ROMMEREIM FAMILY MEMBER OF ANGELA VOOS, VP OF STRATEGIC PLANNING & CHIEF OF STAFF 181209 WAGES & BENEFITS 0 JULIE BAUMANN FAMILY MEMBER OF JOE BAGNOLI, VP OF ENROLLMENT 104572 WAGES & BENEFITS 0 GEORGEANNA ROBINSON FAMILY MEMBER OF DAVID ROBINSON, CHIEF INFORMATION OFFICER 54211 WAGES & BENEFITS 0 CHRISTOPHER BAIR FAMILY MEMBER OF MEG JONES BAIR, SECRETARY 75185 WAGES & BENEFITS 0 MICHAEL MACKENZIE FAMILY MEMBER OF ANNE HARRIS, PRESIDENT 60743 WAGES & BENEFITS 0 X 5 42047 INSURED VALUED X 32 507522 NYSE AVERAGE HIGH/LOW X ATHLETIC EQUIPMENT 1 2400 MARKET VALUE 2 0 1 1 PART I, COLUMN (B): COLUMN (B) IS THE NUMBER OF CONTRIBUTORS. PART I, LINE 32B: THE LIBRARY MAY USE A THIRD PARTY VENDOR TO SELL BOOK DONATIONS THAT DO NOT FIT THE NEEDS OF THE LIBRARY COLLECTION. FORM 990, PART III, LINE 1: ORGANIZATION'S MISSION STATEMENT WHEN GRINNELL COLLEGE FRAMED ITS CHARTER IN THE IOWA TERRITORY OF THE UNITED STATES IN 1846, IT SET FORTH A MISSION TO EDUCATE ITS STUDENTS "FOR THE DIFFERENT PROFESSIONS AND FOR THE HONORABLE DISCHARGE OF THE DUTIES OF LIFE." THE COLLEGE PURSUES THAT MISSION BY PROVIDING AN EDUCATION IN THE LIBERAL ARTS THROUGH FREE INQUIRY AND THE OPEN EXCHANGE OF IDEAS. AS A TEACHING AND LEARNING COMMUNITY, THE COLLEGE HOLDS THAT KNOWLEDGE IS A GOOD TO BE PURSUED BOTH FOR ITS OWN SAKE AND FOR THE INTELLECTUAL, MORAL, AND PHYSICAL WELL-BEING OF INDIVIDUALS AND OF SOCIETY AT LARGE. THE COLLEGE EXISTS TO PROVIDE A LIVELY ACADEMIC COMMUNITY OF STUDENTS AND TEACHERS OF HIGH SCHOLARLY QUALIFICATIONS FROM DIVERSE SOCIAL AND CULTURAL CIRCUMSTANCES. THE COLLEGE AIMS TO GRADUATE INDIVIDUALS WHO CAN THINK CLEARLY, WHO CAN SPEAK AND WRITE PERSUASIVELY AND EVEN ELOQUENTLY, WHO CAN EVALUATE CRITICALLY BOTH THEIR OWN AND OTHERS' IDEAS, WHO CAN ACQUIRE NEW KNOWLEDGE, AND WHO ARE PREPARED IN LIFE AND WORK TO USE THEIR KNOWLEDGE AND THEIR ABILITIES TO SERVE THE COMMON GOOD. FORM 990, PART I, LINE 6: VOLUNTEERS INCLUDE INDIVIDUALS WHO ASSIST ADMISSIONS: THE CENTER FOR CAREERS, LIFE AND SERVICE; ALUMNI COUNCIL AND OTHER COMMUNITY VOLUNTEERS. FORM 990, PART V, LINE 1A: THE COLLEGE FILED 305 1099 FORMS AND 1,664 1098-T FORMS FOR A TOTAL OF 1,969. FORM 990, PART VI, SECTION A, LINE 1 THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE OF THE BOARD WILL CONSIST OF THE BOARD CHAIR, THE BOARD VICE CHAIR(S), AND THE CHAIRS OF THE STANDING COMMITTEES OF THE BOARD, OR, IN THEIR ABSENCE, A DESIGNEE. THE BOARD CHAIR MAY, AFTER CONSULTATION WITH THE EXECUTIVE COMMITTEE, APPOINT CHAIRS OF AD HOC COMMITTEES TO SERVE ON THE EXECUTIVE COMMITTEE FOR THE DURATION OF THEIR COMMITTEE CHARTER. THE BOARD CHAIR SHALL ACT AS CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE THE FOLLOWING: A. DUTIES AND POWERS. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, TO HAVE AND EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE COLLEGE; ANY ACTION REQUIRING A TWO-THIRDS (2/3) VOTE OF THE FULL MEMBERSHIP OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY AMEND, ALTER, OR REPEAL THE BYLAWS, AMEND THE ARTICLES OF INCORPORATION, APPROVE THE DISSOLUTION OR MERGER OF THE COLLEGE, THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE COLLEGE'S ASSETS, ELECT, APPOINT, OR REMOVE TRUSTEES OR FILL VACANCIES ON THE BOARD OF TRUSTEES OR ANY OF THE COMMITTEES, AUTHORIZE DISTRIBUTIONS; OR HAVE THE AUTHORITY TO BORROW MONEY. B. EMERGENCIES. IN EMERGENCIES TO MAKE TEMPORARY PROVISION UNTIL THE NEXT MEETING OF THE BOARD FOR THE DISCHARGE OF DUTIES PERFORMED BY THE OFFICERS OF THE COLLEGE. C. CONFLICT OF INTEREST. TO ADMINISTER, AND PERFORM THE DUTIES PRESCRIBED UNDER, THE CONFLICT OF INTEREST POLICY. D. TRANSACTION OF BUSINESS. TO CONVENE AT THE CALL OF THE BOARD CHAIR OR THE PRESIDENT OF THE COLLEGE AT ANY TIME DURING THE YEAR TO TRANSACT BUSINESS AT TIMES AND PLACES CONVENIENT TO THE MAJORITY OF THE EXECUTIVE COMMITTEE. E. WRITTEN RECORDS. THE EXECUTIVE COMMITTEE SHALL KEEP A WRITTEN RECORD OF ITS PROCEEDINGS. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETE FORM 990 WAS MADE AVAILABLE FOR REVIEW TO THE PRESIDENT AND INTERIM TREASURER PRIOR TO THE MAY 2022 TRUSTEE MEETING. THE PUBLIC INSPECTION COPY OF THE FORM 990 WAS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES FOR REVIEW. IT WAS PRESENTED TO AND REVIEWED IN DETAIL BY THE AUDIT AND ASSESSMENT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND TRUSTEES ARE REQUIRED TO REPORT ANY CONFLICTS OF INTEREST UNDER THE POLICIES OF THE TRUSTEES OF GRINNELL COLLEGE. ANY CONFLICTS MUST BE DISCLOSED IN WRITING BEFORE ENTERING INTO THE TRANSACTION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. A TRANSACTION MAY NOT BE ENTERED INTO UNTIL APPROVED BY A VOTE OF AT LEAST TWO-THIRDS BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL REPORT TO THE BOARD OF TRUSTEES ON ALL CONFLICT OF INTEREST TRANSACTIONS CONSIDERED BY IT AT EACH MEETING OF THE BOARD AND, IF REQUESTED BY THE EXECUTIVE COMMITTEE, THE BOARD SHALL CONSIDER WHETHER TO RATIFY THE ACTIONS OF THE EXECUTIVE COMMITTEE WITH RESPECT TO ANY SUCH CONFLICT OF INTEREST TRANSACTION. A CONFLICT OF INTEREST TRANSACTION MAY ONLY BE RATIFIED BY THE AFFIRMATIVE VOTE BY AT LEAST TWO-THIRDS OF THE TRUSTEES PRESENT AND VOTING AT A MEETING OF THE BOARD DULY CALLED AND HELD AFTER THE EXECUTIVE COMMITTEE HAS RECEIVED THE DISCLOSURE. EACH CURRENT MEMBER OF THE BOARD OF TRUSTEES AND EACH OFFICER SHALL FILE A STATEMENT ANNUALLY WITH THE TREASURER CERTIFYING THAT HE OR SHE HAS READ, AND IS FAMILIAR WITH THE TERMS OF, THIS CONFLICT OF INTEREST POLICY, AND EITHER (A) SETTING FORTH AND DESCRIBING ANY POSSIBLE CONFLICTS OF INTEREST WHICH MAY HAVE ARISEN OR OCCURRED IN THE FISCAL YEAR OF THE COLLEGE ENDING JUNE 30, OR WHICH MAY BE EXPECTED TO ARISE OR OCCUR DURING THE FISCAL YEAR BEGINNING JULY 1, OR (B) THAT HE OR SHE KNOWS OF NO SUCH POSSIBLE CONFLICTS OF INTEREST. KEY EMPLOYEES MUST ANNUALLY COMPLETE THE CAMPUS CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH IS REVIEWED BY A COMMITTEE CONSISTING OF MEMBERS FROM THE HUMAN RESOURCES, TREASURER AND DEAN'S OFFICES, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE HAS A DISQUALIFIED EMPLOYEE COMPENSATION REVIEW POLICY. THE DETERMINATION OF WHO IS CLASSIFIED AS A DISQUALIFIED EMPLOYEE AT GRINNELL COLLEGE IS DETERMINED BY THE LEVEL OF EACH INDIVIDUAL'S INVOLVEMENT IN THE MANAGEMENT AND/OR CONTROL OF CERTAIN FINANCIAL ASPECTS OF THE COLLEGE. GRINNELL COLLEGE WILL ACQUIRE AND USE SUFFICIENT DATA REGARDING COMPARABLE COMPENSATION PACKAGES TO ASSIST IN ESTABLISHING THE COMPENSATION OF DISQUALIFIED EMPLOYEES. THE PROPOSED COMPENSATION FOR EACH DISQUALIFIED PERSON WILL BE APPROVED BY A CONFLICT-FREE DECISION-MAKING BODY COMPOSED OF MEMBERS OF THE GRINNELL COLLEGE BOARD OF TRUSTEES. THE DECISION-MAKING BODY WILL RECEIVE A REBUTTABLE PRESUMPTION SUMMARY FOR EACH INDIVIDUAL AT GRINNELL COLLEGE IDENTIFIED AS A DISQUALIFIED PERSON. ALL RELEVANT INFORMATION WILL BE DOCUMENTED REGARDING THE ACTIONS OF THE DECISION-MAKING BODY. THIS PROCESS WAS USED FOR THE FOLLOWING POSITIONS: PRESIDENT, CHIEF INVESTMENT OFFICER, VICE PRESIDENT FOR FINANCE & TREASURER, CHIEF OF STAFF, VICE PRESIDENT FOR COMMUNICATIONS, VICE PRESIDENT FOR ENROLLMENT, VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS, CHIEF INFORMATION TECHNOLOGY OFFICER, DIRECTOR OF BOARD RELATIONS, ASSOCIATE VICE PRESIDENT FOR FINANCE, ASSISTANT VICE PRESIDENT FOR ENROLLMENT, ASSOCIATE VICE PRESIDENT FOR ANALYTICS & INSTITUTIONAL RESEARCH, FINKELMAN DEAN, CHIEF DIVERSITY OFFICER & VP OF DIVERSITY & INCLUSION, VICE PRESIDENT OF COMMUNITY ENGAGEMENT AND STRATEGIC PLANNING, VICE PRESIDENT OF HUMAN RESOURCES, VICE PRESIDENT FOR STUDENT AFFAIRS, AND ASSISTANT VICE-PRESIDENT FOR FACILITIES MANAGEMENT. THE LAST REVIEW WAS CONDUCTED FOR COMPENSATION EFFECTIVE JULY 1, 2021. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND OTHER KEY POLICIES (RED FLAG, WHISTLEBLOWER, ETC) AVAILABLE TO THE PUBLIC VIA ITS WEBSITE-WWW.GRINNELL.EDU OR UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -1,850,800. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 8,221. CHANGE IN ACCUMULATED POST RETIREMENT BENEFITS -1,175,449. EXIT 182 GROUP LLC 733 BROAD STREET GRINNELL IA 50112 MANAGEMENT OF COLLEGE-OWNED INVESTMENT ASSETS IA 0 0 TRUSTEES OF GRINNELL COLLEGE GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST 733 BROAD STREET GRINNELL IA 50112 451371997 HEALTH INSURANCE IA 501(C)(9) N/A TRUSTEES OF GRINNELL COLLEGE 1 POWESHIEK PETROLEUM CORPORATION 733 BROAD STREET GRINNELL IA 50112 730646866 OIL AND GAS IL TRUSTEES OF GRINNELL COLLEGE C 14096 22828 1.00000 1 CHARITABLE REMAINDER UNITRUSTS (2) TRUST CA TRUSTEES OF GRINNELL COLLEGE T 0 CHARITABLE REMAINDER UNITRUSTS (19) TRUST IA TRUSTEES OF GRINNELL COLLEGE T 0 CHARITABLE REMAINDER UNITRUSTS (1) TRUST IL TRUSTEES OF GRINNELL COLLEGE T 0 CHARITABLE REMAINDER UNITRUSTS (1) TRUST AZ TRUSTEES OF GRINNELL COLLEGE T 0 CHARITABLE REMAINDER UNITRUSTS (1) TRUST CO TRUSTEES OF GRINNELL COLLEGE T 0 POOLED INCOME FUND (1) TRUST IA TRUSTEES OF GRINNELL COLLEGE T 0 CHARITABLE REMAINDER UNITRUSTS (1) TRUST MD TRUSTEES OF GRINNELL COLLEGE T 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST R 9788481 CASH TRANSFERRED NIELSEN LIFE ESTATE R 498271 CASH TRANSFERRED MARILYN JANE HAMPTON CHARITABLE REMAINDER UNITRUST FUND S 426409 CASH TRANSFERRED