2025-05-15T21:09:13-05:00 2024-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2023-07-01 042105768 EPISCOPAL DIVINITY SCHOOL EPIS 2122801418 1047 AMSTERDAM AVE NEW YOR NY 10025 MARK MILIOTTO TREASURER 2122801418 2025-05-15 1 0 LYNNE JOHNSON P00757336 2123721000 2023 2025-03-06 01:10:19Z X LYDIA BUCKLIN 1047 AMSTERDAM AVE NEW YOR NY 10025 1603572 0 X HTTPS://WWW.EDS.EDU/ X 1867 MA EDUCATION OF PERSONS FOR LEADERSHIP IN CHRISTIAN DENOMINATIONS, AND PARTICULARLY FOR THE EPISCOPAL CHURCH, AND FOR THE MINISTRY THEREOF. 15 15 8 15 0 0 605765 213016 0 0 7612410 1196273 3171798 194283 11389973 1603572 0 23949 0 0 0 834470 0 0 10418 13027267 1624281 13027267 2482700 -1637294 -879128 94604107 88422396 6796921 257460 87807186 88164936 X EDUCATION OF PERSONS FOR LEADERSHIP IN CHRISTIAN DENOMINATIONS, AND PARTICULARLY FOR THE EPISCOPAL CHURCH, AND FOR THE MINISTRY THEREOF. 0 1 920967 23949 0 EPISCOPAL THEOLOGICAL SEMINARY WAS ESTABLISHED IN 1867, AND IN 1974 RESTATED ITS ARTICLES OF ORGANIZATION TO CHANGE ITS NAME TO EPISCOPAL DIVINITY SCHOOL UPON ITS MERGER WITH PHILADELPHIA DIVINITY SCHOOL. THE PURPOSE OF THE SCHOOL IS TO EDUCATE LAY AND ORDAINED LEADERS FOR CHRIST'S CHURCH AND FOR THE WORLD WHO SERVE AND ADVANCE GOD'S MISSION OF JUSTICE, COMPASSION, AND RECONCILIATION. THE SCHOOL'S BOARD OF TRUSTEES VOTED ON JULY 21, 2016 TO CEASE GRANTING DEGREES AFTER THE 2016-2017 ACADEMIC YEAR. THE SCHOOL ENTERED INTO AN AFFILIATION AGREEMENT, EFFECTIVE JULY 1, 2017, WITH UNION THEOLOGICAL SEMINARY (UNION). UNION IS A SEMINARY AND A GRADUATE SCHOOL OF THEOLOGY IN NEW YORK CITY. THE AFFILIATION AGREEMENT HAS AN INITIAL TERM THROUGH JUNE 30, 2028, AND ALLOWS FOR RENEWALS FOR SUCCESSIVE TEN-YEAR PERIODS. THE AFFILIATION AGREEMENT PROVIDES FOR THE ESTABLISHMENT OF A PROGRAM AT UNION ENTITLED EPISCOPAL DIVINITY SCHOOL AT UNION THEOLOGICAL SEMINARY (THE PROGRAM). STUDENTS WHO ENROLL IN THE PROGRAM AT UNION WILL EARN GRADUATE DEGREES FROM UNION AND ALSO FULFILL REQUIREMENTS FOR ORDINATION IN THE EPISCOPAL CHURCH.ON MARCH 31, 2023, THE SCHOOL AND UNION CANCELED THE AFFILIATION AGREEMENT EFFECTIVE JUNE 30, 2023. AS PART OF THE CANCELLATION AGREEMENT, THE SCHOOL PAID UNION $2,200,000 FOR EXPENSES RELATED TO THE CONDOMINIUMS BEING CONSTRUCTED FOR THE SCHOOL, $187,800 IN PROFESSIONAL FEES, AND $391,621 TO SUPPORT THE CONTINUATION OF THE ANGLICAN STUDIES PROGRAM OF UNION. IN ADDITION, AS PART OF THE CANCELLATION AGREEMENT, ON JULY 10, 2023, THE SCHOOL PAID UNION $6,405,588 TO SUPPORT THE ANGLICAN STUDIES PROGRAM OF UNION THROUGH THE 2026-2027 ACADEMIC YEAR. 920967 1 1 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 21 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 0 0 0 MA X CLIFTON LARSON ALLEN LLP 6466040100 60 EAST 42ND STREET SUITE 5100 NEW YORK NY 10165 THE RT REV KEVIN NICHOLS CHAIR 1.00 X X 0 0 0 MR MARK MILIOTTO TREASURER 1.00 X X 0 0 0 THE CANON DR BONNIE ANDERSON TRUSTEE 1.00 X 0 0 0 MR J RALPH COLE TRUSTEE 1.00 X 0 0 0 THE REV VICTOR CONRADO TRUSTEE 1.00 X 0 0 0 THE VERY REV GARY HALL PHD TRUSTEE 1.00 X 0 0 0 THE REV MATTHEW HEYD TRUSTEE 1.00 X 0 0 0 CHRISTOPHER HOLDING ESQ TRUSTEE 1.00 X 0 0 0 MS ESSLIE HUGHES TRUSTEE 1.00 X 0 0 0 MS MALAIKA K KAMUNANWIRE TRUSTEE 1.00 X 0 0 0 MS KAY KRAMER TRUSTEE 1.00 X 0 0 0 MR EDWARD NILSSON TRUSTEE 1.00 X 0 0 0 THE RT REV JOHN RABB TRUSTEE 6.00 X 0 0 0 THE REV J SIERRA REYES TRUSTEE 1.00 X 0 0 0 THE REV CHARLES WYNDER JR TRUSTEE 1.00 X 0 0 0 VERY REV KELLY BROWN DOUGLAS DEAN 40.00 X 171500 0 0 171500 0 0 1 0 1 0 CAMBRIDGE ASSOCIATE 115 FEDERAL STREET SUITE 2600 BOSTON MA 02110 INVESTMENT ADVISOR 285000 BRYAN CAVE LEIGHTON PAISNER 1290 6TH AVENUE NEW YORK NY 10104 LEGAL SERVICES 169654 LOCKE LORD LLP 111 HUNTINGTON AVENUE BOSTDON MA 02199 LEGAL SERVICES 122897 3 213016 213016 1039994 1039994 156279 0 156279 156279 156279 OTHER INCOME 900099 194283 194283 194283 1603572 0 0 1390556 23949 23949 171000 171000 399816 185156 207660 7000 151414 96425 52979 2010 78045 48999 28043 1003 34195 21116 12674 405 83446 83446 184277 184277 788109 788109 191167 136261 54906 7371 7371 54829 39458 15371 57301 41082 16219 86156 6000 80156 123817 113393 10424 26216 17748 8468 21592 20380 1212 2482700 920967 1551315 10418 5598313 1149764 2450320 550105 250000 10038 1000 12432 17315420 22786321 55557203 56464176 13431851 7449560 94604107 88422396 6796921 257460 6796921 257460 X 50020491 46409878 37786695 41755058 87807186 88164936 94604107 88422396 X -879128 7341864 -114963 -5990023 X X 0 0 0 X 335541 308730 321788 605765 213016 1784840 335541 308730 321788 605765 213016 1784840 28292 1756548 1118397 1374893 1319165 4151072 1039994 9003521 86092 150 16501 194283 297026 11085387 0.15850 0.18370 X EPISCOPAL DIVINITY SCHOOL QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION UNDER IRC 170(B)(1)(A)(VI) BECAUSE IT SATISFIES THE FACTS AND CIRCUMSTANCES TEST SET FORTH IN TREAS REG 1 170A-9(F)(3). FIRST, THE ORGANIZATION SATISFIES THE THRESHOLD CRITERIA IN THE REGULATIONS. IT NORMALLY RECEIVES AT LEAST 10% OF ITS SUPPORT FROM THE GENERAL PUBLIC AND IT CARRIES ON A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. IN ADDITION, THE ORGANIZATION MEETS THE FOLLOWING FACTORS ENUMERATED IN THE REGULATION AS BEING INDICATIVE OF PUBLIC SUPPORT. PERCENTAGE OF FINANCIAL SUPPORT (TREAS REG 1 170A-9(F)(3)(ILL)(A)). DURING THE FIVE-YEAR PERIOD ENDING ON JUNE 30, 2024, THE PORTION OF THE ORGANIZATION'S SUPPORT THAT QUALIFIES AS ELIGIBLE PUBLIC SUPPORT IS 15.85% (SEE SCHEDULE A) WHICH IS IN EXCESS OF THE 10% THRESHOLD. SOURCES OF SUPPORT (TREAS REG 1 170A-9(F)(3)(III)(B)). THE ORGANIZATION RECEIVES ITS PUBLIC SUPPORT FROM INDIVIDUALS OF THE GENERAL PUBLIC, OTHER ENTITIES, AND DOES NOT DEPEND ON A SINGLE SOURCE FOR CONTRIBUTIONS. THE ORGANIZATION IS INDEPENDENT OF ITS CORPORATE CONTRIBUTORS. THE ORGANIZATION RECEIVES INVESTMENT INCOME FROM ITS ENDOWMENT FUNDS THAT WERE CONTRIBUTED BY VARIOUS MEMBERS OF THE PUBLIC. REPRESENTATIVE GOVERNING BODY (TREAS REG 1 170A 9(F)(3)(III)(C)). THE ORGANIZATION IS GUIDED BY A VOLUNTEER BOARD OF COMMUNITY MEMBERS. THESE INDIVIDUALS REPRESENT INTERESTS OF THE GENERAL PUBLIC THAT THE ORGANIZATION SERVES AND THEY ENSURE THAT THE ORGANIZATION OPERATES FOR THE INTERESTS OF THE COMMUNITY AS OPPOSED TO THE PERSONAL OR PRIVATE INTERESTS OF ANY PARTICULAR DONOR. AVAILABILITY OF PUBLIC SERVICES, PUBLIC PARTICIPATION IN PROGRAMS OR POLICIES (TREAS REG 1 170A-9(F)(3)(111)(D)). OVER THE PAST FIVE TAX YEARS, THE ORGANIZATION HAD A MISSION TO EDUCATE LAY AND ORDAINED LEADERS FOR CHRIST'S CHURCH AND FOR THE WORLD WHO SERVE AND ADVANCE GOD'S MISSION OF JUSTICE, COMPASSION, AND RECONCILIATION. THE SCHOOL'S BOARD OF TRUSTEES VOTED ON JULY 21, 2016 TO CEASE GRANTING DEGREES AFTER THE 2016-2017 ACADEMIC YEAR. THE SCHOOL ENTERED INTO AN AFFILIATION AGREEMENT, EFFECTIVE JULY 1, 2017, WITH UNION THEOLOGICAL SEMINARY (UNION). UNION IS A SEMINARY AND A GRADUATE SCHOOL OF THEOLOGY IN NEW YORK CITY. THE AFFILIATION AGREEMENT HAS AN INITIAL TERM THROUGH JUNE 30, 2028, AND ALLOWS FOR RENEWALS FOR SUCCESSIVE TEN-YEAR PERIODS. THE AFFILIATION AGREEMENT PROVIDES FOR THE ESTABLISHMENT OF A PROGRAM AT UNION ENTITLED EPISCOPAL DIVINITY SCHOOL AT UNION THEOLOGICAL SEMINARY (THE PROGRAM). STUDENTS WHO ENROLL IN THE PROGRAM AT UNION WILL EARN GRADUATE DEGREES FROM UNION AND ALSO FULFILL REQUIREMENTS FOR ORDINATION IN THE EPISCOPAL CHURCH. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 78752428 8059379 1338339 85473468 67080375 7114943 7428110 2871000 78752428 81357309 21103 -11583037 2715000 67080375 64743578 1150 19294581 2682000 81357309 65512522 2144049 -326993 2586000 64743578 0.57000 0.28000 0.15000 0 0 0 INTERNATIONAL EQUITY 34339421 F DOMESTIC EQUITY 9282098 F ALTERNATIVE INVESTMENTS 7489662 F COMINGLED FIXED INCOME 1858526 F HEDGE FUNDS 1430110 F EMERGING MARKETS 922971 F FUND OF FUNDS 1141388 F 56464176 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 4121190 CHARITABLE GIFT ANNUITIES 78070 ADVANCE PAYMENT ON PROPERTY 3250300 7449560 PART III, LINE 4: THE SCHOOL MAINTAINED AND PRESERVED THE FOLLOWING ITEMS FOR PUBLIC DISPLAY: THE CHRIST ON MT. OF OLIVES STATUE, ALLAN CRITE PAINTING COLLECTION, THE BRAMBLE BUSH SCULPTURE, THE PHILADELPHIA CROSS, AND A FEW OTHER MISCELLANEOUS COLLECTION OF ART. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENTS OF THE SCHOOL IS TO SUPPORT THE OPERATIONS OF THE SCHOOL IN FURTHERANCE OF ITS MISSION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 15774127 EUROPE 0 0 INVESTMENTS 3075984 NORTH AMERICA 0 0 INVESTMENTS 986018 0 0 0 0 0 0 19836129 0 19836129 1 0 1 1 1 0 0 FINANCIAL AID 4 14499 0 FIELD EDUCATION 3 9450 0 X X 0 0 0 0 0 0 0 0 0 VERY REV KELLY BROWN DOUGLAS DEAN 171500 0 0 0 0 0 0 0 0 0 171500 0 0 0 FORM 990, PART III, LINE 3 ON MARCH 31, 2023, THE SCHOOL AND UNION CANCELED THE AFFILIATION AGREEMENT EFFECTIVE JUNE 30, 2023. AS PART OF THE CANCELLATION AGREEMENT, THE SCHOOL PAID UNION $2,200,000 FOR EXPENSES RELATED TO THE CONDOMINIUMS BEING CONSTRUCTED FOR THE SCHOOL, $187,800 IN PROFESSIONAL FEES, AND $391,621 TO SUPPORT THE CONTINUATION OF THE ANGLICAN STUDIES PROGRAM OF UNION. IN ADDITION, AS PART OF THE CANCELLATION AGREEMENT, ON JULY 10, 2023, THE SCHOOL PAID UNION $6,405,588 TO SUPPORT THE ANGLICAN STUDIES PROGRAM OF UNION THROUGH THE 2026-2027 ACADEMIC YEAR. FORM 990, PART VI, SECTION A, LINE 8B THERE IS CURRENTLY NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 IS ALSO SENT TO EACH TRUSTEE VIA EMAIL. FORM 990, PART VI, SECTION B, LINE 12C BY ITS BY-LAWS, THE BOARD OF TRUSTEES OF THE EPISCOPAL DIVINITY SCHOOL HAS ITS COMMITTEE ON TRUSTEESHIP ANNUALLY ASK MEMBER TO COMPLETE A CONFLICT OF INTEREST STATEMENT, AND IS CHARGED TO REVIEW THE PROCESS AND BRING TO THE BOARD'S ATTENTION ANY ISSUES THAT ARISE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC VIA THE SCHOOL'S. THE SCHOOL'S FORM 990 WITHOUT SCHEDULE B IS AVAILABLE TO THE GENERAL PUBLIC VIA GUIDESTAR'S. THE SCHOOL'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 263,977. LOSS ON ADVANCE PAYMENT ON PROPERTY -6,254,000. CHARITABLE GIFT ANNUITIES CHARITABLE TRUST MA EPISCOPAL DIVINITY SCHOOL 1 PERPETUAL TRUST (6) CHARITABLE TRUST MA EPISCOPAL DIVINITY SCHOOL 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1