2021-12-20T14:40:25-06:00 2021-06-30 381357951 PLANTE & MORAN PLLC 634 FRONT AVE NW STE 400 GRAND RAPIDS MI 49504 990 2020-07-01 386086770 GRAND VALLEY UNIVERSITY FOUNDATION GRAN 6163312831 1 CAMPUS DRIVE 2015 JHZ ALLENDALE MI 49401 LAURA AIKENS EXECUTIVE DIRECTOR 6163312831 2021-12-16 1 LAURA AIKENS 999009999 DORI J EGGETT P00645252 6167748221 2021-12-16 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z LAURA AIKENS 301 W FULTON 914EC GRAND RAPIDS MI 49503 1109833 0 X WWW.GVUF.ORG X 1965 MI THE GRAND VALLEY UNIVERSITY FOUNDATION PROVIDES SUPPORT TO GRAND VALLEY STATE UNIVERSITY TO ASSIST IN ITS GOALS AND MISSION. THIS SUPPORT PROVIDES GRANTS AND SCHOLARSHIPS, FACULTY AND ACADEMIC PROGRAM DEVELOPMENT, CAPITAL MAINTENANCE AND GROWTH, AND LONG-TERM FISCAL SECURITY. 107 106 0 250 0 0 4288027 929697 0 0 67801 180136 3056 0 4358884 1109833 3886115 974965 0 0 132 0 0 0 0 91951 30772 3978198 1005737 380686 104096 2891800 3255034 350 156 2891450 3254878 X THE GRAND VALLEY UNIVERSITY FOUNDATION PROVIDES SUPPORT TO GRAND VALLEY STATE UNIVERSITY TO ASSIST IN ITS GOALS AND MISSION. THIS SUPPORT PROVIDES GRANTS AND SCHOLARSHIPS, FACULTY AND ACADEMIC PROGRAM DEVELOPMENT, CAPITAL MAINTENANCE AND GROWTH, AND LONG-TERM FISCAL SECURITY. 0 0 991682 974965 0 FUNDS RAISED BY THE GRAND VALLEY UNIVERSITY FOUNDATION BETWEEN JULY 1, 2020 AND JUNE 30, 2021 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 24,000 STUDENTS ENROLLED AT GVSU DURING THE YEAR, AS WELL AS BENEFITED THE COMMUNITY THROUGH SPECIFIC PROGRAMS AND OVERALL ECONOMIC IMPACT OF GVSU SPENDING. 991682 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 107 106 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X GREGORY J SANIAL 6163312188 1 CAMPUS DR - 3080 JHZ ALLENDALE MI 49401 GREGORY J SANIAL TREASURER/GVSU VP OF FINANCE 1.00 40.00 X 0 266759 32819 KAREN M LOTH EXECUTIVE DIRECTOR 2.00 40.00 X 0 251661 40499 AREND D LUBBERS DIRECTOR 2.00 15.00 X 0 51450 5263 DONNA K BROOKS GENERAL CHAIR 2.00 0.00 X X 0 0 0 JAMES WF BROOKS GENERAL CHAIR 2.00 0.00 X X 0 0 0 DANIEL G DEVOS VICE CHAIRMAN 2.00 0.00 X X 0 0 0 PAMELLA G DEVOS VICE CHAIRMAN 2.00 0.00 X X 0 0 0 DOROTHY A JOHNSON SECRETARY 2.00 0.00 X X 0 0 0 EDWARD J CLARK ASSISTANT SECRETARY 2.00 0.00 X X 0 0 0 MICHAEL A BATTS DIRECTOR 0.50 0.00 X 0 0 0 LAURIE BEARD DIRECTOR 0.50 0.00 X 0 0 0 RAYMOND BENNETT DIRECTOR 0.50 0.00 X 0 0 0 M CATHERINE BISSELL DIRECTOR 0.50 0.00 X 0 0 0 JOHN H BULTEMA III DIRECTOR 0.50 0.00 X 0 0 0 JAMES V BUZZITTA DIRECTOR 0.50 0.00 X 0 0 0 GUILLERMO CISNEROS DIRECTOR 0.50 0.00 X 0 0 0 SAMUEL M CUMMINGS DIRECTOR 0.50 0.00 X 0 0 0 KEVIN P CUSACK DIRECTOR 0.50 0.00 X 0 0 0 TODD CUSTER DIRECTOR 0.50 0.00 X 0 0 0 JESSIE F DALMAN DIRECTOR 0.50 0.00 X 0 0 0 RANDALL S DAMSTRA DIRECTOR 0.50 0.00 X 0 0 0 MATTHEW DECAMP DIRECTOR 0.50 0.00 X 0 0 0 GARTH D DEUR DIRECTOR 0.50 0.00 X 0 0 0 GARY D DEWITT DIRECTOR 0.50 0.00 X 0 0 0 PETER J DEWITT DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL S ELLIS DIRECTOR 0.50 0.00 X 0 0 0 VIRGINIA L GEARHART DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL J GOORHOUSE DIRECTOR 0.50 0.00 X 0 0 0 DANIEL A GORDON DIRECTOR 0.50 0.00 X 0 0 0 JOHN W GREEN DIRECTOR 0.50 0.00 X 0 0 0 BETTY S BURTON GROCE DIRECTOR 0.50 0.00 X 0 0 0 ROBERT D GROOTERS DIRECTOR 0.50 0.00 X 0 0 0 EDWARD J HANENBURG DIRECTOR 0.50 0.00 X 0 0 0 ARTA HASSE DIRECTOR 0.50 0.00 X 0 0 0 MATTHEW R HAWORTH DIRECTOR 0.50 0.00 X 0 0 0 DOYLE A HAYES DIRECTOR 0.50 0.00 X 0 0 0 DAVID M HECHT DIRECTOR 0.50 0.00 X 0 0 0 JOYCE F HECHT DIRECTOR 0.50 0.00 X 0 0 0 PAUL C HILLEGONDS DIRECTOR 0.50 0.00 X 0 0 0 THOMAS W HILLER DIRECTOR 0.50 0.00 X 0 0 0 LARRY W HINES DIRECTOR 0.50 0.00 X 0 0 0 DONNALEE HOLTON DIRECTOR 0.50 0.00 X 0 0 0 DAVID S HOOKER DIRECTOR 0.50 0.00 X 0 0 0 JC HUIZENGA DIRECTOR 0.50 0.00 X 0 0 0 TAMMY L HUIZENGA DIRECTOR 0.50 0.00 X 0 0 0 STARR HUMPHRIES DIRECTOR 0.50 0.00 X 0 0 0 JOS A INFANTE DIRECTOR 0.50 0.00 X 0 0 0 KYLE S IRWIN DIRECTOR 0.50 0.00 X 0 0 0 NELSON C JACOBSON DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL J JANDERNOA DIRECTOR 0.50 0.00 X 0 0 0 BARI S JOHNSON DIRECTOR 0.50 0.00 X 0 0 0 CHARLES E JOHNSON II DIRECTOR 0.50 0.00 X 0 0 0 HOLLY A JOHNSON DIRECTOR 0.50 0.00 X 0 0 0 JAMES L JURRIES DIRECTOR 0.50 0.00 X 0 0 0 GREG KAUFMAN DIRECTOR 0.50 0.00 X 0 0 0 JAMES P KEANE DIRECTOR 0.50 0.00 X 0 0 0 FRED P KELLER DIRECTOR 0.50 0.00 X 0 0 0 JOHN C KENNEDY DIRECTOR 0.50 0.00 X 0 0 0 MARGARET KENNEDY DIRECTOR 0.50 0.00 X 0 0 0 ROBERT L KERSMAN DIRECTOR 0.50 0.00 X 0 0 0 MARY L KRAMER DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL S LLOYD DIRECTOR 0.50 0.00 X 0 0 0 NANCY J LUBBERS DIRECTOR 0.50 0.00 X 0 0 0 JEAN E MARTIN DIRECTOR 0.50 0.00 X 0 0 0 HUBERT W MASSEY DIRECTOR 0.50 0.00 X 0 0 0 DAVID P MEHNEY DIRECTOR 0.50 0.00 X 0 0 0 HANK MEIJER DIRECTOR 0.50 0.00 X 0 0 0 MARK A MURRAY DIRECTOR 0.50 0.00 X 0 0 0 RICHARD W MUZZY JR DIRECTOR 0.50 0.00 X 0 0 0 NOREEN K MYERS DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL K OLTHOFF DIRECTOR 0.50 0.00 X 0 0 0 JEFFREY S PADNOS DIRECTOR 0.50 0.00 X 0 0 0 SHELLEY E PADNOS DIRECTOR 0.50 0.00 X 0 0 0 CHRISTOS T PANOPOULOS DIRECTOR 0.50 0.00 X 0 0 0 DONALD J PATON DIRECTOR 0.50 0.00 X 0 0 0 PETER M PEREZ DIRECTOR 0.50 0.00 X 0 0 0 MARGARET E POTTER DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL H PRICE DIRECTOR 0.50 0.00 X 0 0 0 RANDELL G PRICE DIRECTOR 0.50 0.00 X 0 0 0 LARRY J ROBSON DIRECTOR 0.50 0.00 X 0 0 0 ROBERT O ROSKAM DIRECTOR 0.50 0.00 X 0 0 0 ROBERT W ROTH DIRECTOR 0.50 0.00 X 0 0 0 TIMOTHY R SCHOWALTER DIRECTOR 0.50 0.00 X 0 0 0 JAMES R SEBASTIAN JR DIRECTOR 0.50 0.00 X 0 0 0 VIRGINIA M SEYFERTH DIRECTOR 0.50 0.00 X 0 0 0 VICTOR SHEPHERD DIRECTOR 0.50 0.00 X 0 0 0 MARK F SHERWOOD DIRECTOR 0.50 0.00 X 0 0 0 DIANA R SIEGER DIRECTOR 0.50 0.00 X 0 0 0 JACK P SMITH DIRECTOR 0.50 0.00 X 0 0 0 KAREN HENRY STOKES DIRECTOR 0.50 0.00 X 0 0 0 JAMES M TEETS DIRECTOR 0.50 0.00 X 0 0 0 DANIEL W TERPSMA DIRECTOR 0.50 0.00 X 0 0 0 GARY L TILKIN DIRECTOR 0.50 0.00 X 0 0 0 JERRY L TUBERGEN DIRECTOR 0.50 0.00 X 0 0 0 PETER M TURNER DIRECTOR 0.50 0.00 X 0 0 0 CAROL VAN ANDEL DIRECTOR 0.50 0.00 X 0 0 0 RICHARD H VANDERZYDEN DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL R VANGESSEL DIRECTOR 0.50 0.00 X 0 0 0 ANTHONY VERPLANK DIRECTOR 0.50 0.00 X 0 0 0 KATHLEEN B VOGELSANG DIRECTOR 0.50 0.00 X 0 0 0 MITCHELL G WATT DIRECTOR 0.50 0.00 X 0 0 0 ELIZABETH WELCH DIRECTOR 0.50 0.00 X 0 0 0 THOMAS G WELCH JR DIRECTOR 0.50 0.00 X 0 0 0 SEAN P WELSH DIRECTOR 0.50 0.00 X 0 0 0 SCOTT D WIERDA DIRECTOR 0.50 0.00 X 0 0 0 ERIC J WOLFF DIRECTOR 0.50 0.00 X 0 0 0 KATE PEW WOLTERS DIRECTOR 0.50 0.00 X 0 0 0 STEVEN A WORKMAN DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL S YOUNGDAHL DIRECTOR 0.50 0.00 X 0 0 0 0 569870 78581 0 0 1 0 0 20622 909075 929697 19143 19143 160993 0 160993 160993 160993 1109833 0 0 180136 854536 854536 120429 120429 10550 10550 3739 592 3147 1506 1506 177 158 19 14793 14461 332 MISCELLANEOUS 7 7 1005737 991682 14055 0 198377 184668 324588 146510 2368835 2923856 2891800 3255034 350 156 350 156 X 6567 2891450 3248311 2891450 3254878 2891800 3255034 X 104096 660268 -400936 X X 0 1 X 1 0 X 2129792 1146305 1371163 4288027 929697 9864984 2129792 1146305 1371163 4288027 929697 9864984 2502830 7362154 36240 22443 9742 2493 19143 90061 23590 26264 4518 3056 57428 10012473 0.73530 0.68090 X PART II, SECTION B, LINE 10 OTHER INCOME IN THIS SECTION CONSISTS OF REVENUE RECEIVED FROM GVUF INTERFAITH DIALOGUE ACTIVITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2368835 222689 840404 86545 421527 2923856 2283874 169517 6389 72310 18635 2368835 1837587 427137 99349 62189 18010 2283874 1666575 96191 141211 66390 1837587 1168662 363641 195536 61264 1666575 0.00000 1.00000 0.00000 0 1 1 0 ENDOWMENTS 2923856 F 2923856 X 1801720 660268 31619 691887 1109833 0 1109833 1037356 31619 31619 1005737 0 1005737 PART V, LINE 4: AT JUNE 30, 2021 THERE ARE 20 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 PROMOTE 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 EVA HABETINOVA AND GREGORY J. SANIAL FAMILY ENDOWED SCHOLARSHIP WAS ESTABLISHED TO SUPPORT THE NEXT GENERATION OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH STUDENTS, PARTICULARLY WOMEN ASPIRING TO THESE TRADITIONALLY UNDERREPRESENTED FIELDS, AND POTENTIALLY VETERANS OR CHILDREN OF VETERANS WITH THEIR FULL APPRECIATION OF THE UNIQUE HARDSHIPS OF MILITARY SERVICE. 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, 2021 AND 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 GRAND VALLEY STATE UNIVERSITY 1 CAMPUS DRIVE ALLENDALE MI 49401 381684280 170(B)(1)(A)II 854536 0 N/A N/A SCHOLARSHIPS AND PUBLIC PROGRAMS 1 0 SCHOLARSHIPS FOR COLLEGE EDUCATION 46 120429 0 MARKET VALUE N/A PART I, LINE 2: THE GRAND VALLEY FOUNDATION TRANSFERS FUNDS TO GRAND VALLEY STATE UNIVERSITY, WHO DISBURSES THESE FUNDS IN ACCORDANCE WITH THE ORIGINAL STIPULATION AND PURPOSE OF THE DONATION. IN ADDITION, THE GRAND VALLEY UNIVERSITY FOUNDATION AWARDS SCHOLARSHIPS DIRECTLY TO STUDENTS THAT ARE FUNDED BY ITS ENDOWMENTS OR OTHER PRIVATE GIFTS. 0 0 0 0 0 0 0 0 0 GREGORY J SANIAL TREASURER/GVSU VP OF FINANCE 0 258825 0 0 0 7934 0 31125 0 1694 0 299578 0 0 KAREN M LOTH EXECUTIVE DIRECTOR 0 240366 0 0 0 11295 0 29400 0 11099 0 292160 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE DIRECTORS OF THE ORGANIZATION POSSESSES VOTING RIGHTS, WHEREAS THE OFFICERS (WHO ARE NOT DIRECTORS) OF THE ORGANIZATION DO NOT HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 2 JAMES W.F. BROOKS AND DONNA K. BROOKS - MARRIED DANIEL G. DEVOS AND PAMELLA G. DEVOS - MARRIED DAVID M. HECHT AND JOYCE F. HECHT - MARRIED AREND D. LUBBERS AND NANCY J. LUBBERS - MARRIED J.C. HUIZENGA AND TAMMY L. HUIZENGA - MARRIED JOHN C. KENNEDY AND MARGARET KENNEDY - FATHER/DAUGHTER JEFFREY S. PADNOS AND SHELLEY E. PADNOS - COUSINS SAMUEL M. CUMMINGS, DANIEL G. DEVOS, AND SCOTT D. WIERDA - BUSINESS LARRY W. HINES, CHARLES E. JOHNSON II, AND MICHAEL K. OLTHOFF - BUSINESS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD BEFORE BEING SUBMITTED TO THE IRS. THE AUDIT COMMITTEE THEN PRESENTS THE FORM 990 AT THE ANNUAL MEETING OF THE GRAND VALLEY UNIVERSITY FOUNDATION FOR ALL DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12B: IF A CONFLICT OF INTEREST OCCURS, THE FOUNDATION MEMBER MUST DISCLOSE THE POTENTIAL CONFLICT AND ANNOUNCE DURING ANY DELIBERATIONS. THEY WOULD BE EXPECTED TO ABSTAIN FROM VOTING FOLLOWING THE DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF THE ANNUAL MEETING FOLLOW-UP, A CONFLICT OF INTEREST POLICY AND CONFLICT OF INTEREST FORMS ARE MAILED TO ALL GRAND VALLEY UNIVERSITY FOUNDATION BOARD MEMBERS. THE FORMS ARE COLLECTED AND REVIEWED AT THE FOUNDATION'S OFFICES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE ON THE WEBSITE AND GUIDESTAR. A HARD COPY IS AVAILABLE FOR REVIEW AT THE OFFICES OF THE GRAND VALLEY UNIVERSITY FOUNDATION. FINANCIAL STATEMENTS ARE PUBLISHED AS PART OF THE ANNUAL MEETING. THE ARTICLES OF INCORPORATION AND BY-LAWS ARE FILED WITH THE STATE OF MICHIGAN AND ARE AVAILABLE ON THE STATE OF MICHIGAN'S WEBSITE. ADDITIONALLY, ALL GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC VIEWING AT THE FOUNDATION'S OFFICES DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 9: THE DECREASE IN NET ASSETS OF $400,936 WAS DUE TO THE NET EFFECT OF THE TRANSFER OF TWO ENDOWMENT FUNDS (AND THEIR RELATED SPENDING FUNDS) FROM THE FOUNDATION TO GRAND VALLEY STATE UNIVERSITY AS WELL AS THE TRANSFER OF A SCHOLARSHIP FUND TO THE FOUNDATION FROM THE UNIVERSITY. GRAND VALLEY STATE UNIVERSITY 1 CAMPUS DRIVE ALLENDALE MI 49401 381684280 HIGHER EDUCATION MI 501(C)(3) LINE 6 N/A 0 UNIVERSITY PROPERTIES INC 1 CAMPUS DRIVE ALLENDALE MI 49401 382791820 SUPPORT GVSU MI 501(C)(3) LINE 12B, II GVSU 0 GRAND VALLEY RESEARCH CORPORATION 1 CAMPUS DRIVE ALLENDALE MI 49401 202190660 SUPPORT GVSU MI 501(C)(3) LINE 5 GVSU 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 PART II, LINE 1, COLUMN E GRAND VALLEY STATE UNIVERSITY HAS A DUAL PUBLIC CHARITY STATUS OF BOTH 509(A)(1) AND 170(B)(1)(A)(II).