RICHARD U LIGHT FOUNDATION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: RICHARD U LIGHT FOUNDATION (EIN 38-2456949)
Tax period: 2019-07-01 to 2020-06-30
Filed: 2021-01-28
IRS object ID: 202120289349301032
Schema version: 2019v5.1
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
Form 990
Schedule A
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-01-28T17:16:54-06:00	ReturnTs
Tax Period End	2020-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	381357951	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PLANTE & MORAN PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	750 TRADE CENTRE WAY STE 300	AddressLine1Txt
City	PORTAGE	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49002	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2019-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	382456949	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RICHARD U LIGHT FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	RICH	BusinessNameControlTxt
Phone	2693810266	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	350 EAST MICHIGAN AVE STE 500	AddressLine1Txt
City	KALAMAZOO	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49007	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BARBARA J PARISH	PersonNm
Person Title	VICE PRESIDENT/TREASURER	PersonTitleTxt
Phone	2693810266	PhoneNum
Signature	2020-12-09	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	VICKI L VANDENBERG CPA	PreparerPersonNm
PTIN	P00100422	PTIN
Phone	2695674500	PhoneNum
Preparation	2020-12-09	PreparationDt

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BARBARA J PARISH	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	350 EAST MICHIGAN AVE STE 500	AddressLine1Txt
City	KALAMAZOO	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49007	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$3,415,952	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1982	FormationYr
Legal Domicile State	MI	LegalDomicileStateCd
Activity Or Mission	TO PROMOTE THE EDUCATION OF YOUNG MEN AND WOMEN AND PROVIDE FINANCIAL ASSISTANCE TO ENABLE NEEDY INDIVIDUALS TO SECURE AN EDUCATION.	ActivityOrMissionDesc
Voting Members Governing Body	3	VotingMembersGoverningBodyCnt
Voting Members Independent	1	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$5,769,119	PYInvestmentIncomeAmt
CY Investment Income	$1,348,895	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$5,769,119	PYTotalRevenueAmt
CY Total Revenue	$1,348,895	CYTotalRevenueAmt
PY Grants And Similar Paid	$1,801,937	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$692,781	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$79,943	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$75,423	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$233,288	PYOtherExpensesAmt
CY Other Expenses	$252,988	CYOtherExpensesAmt
PY Total Expenses	$2,115,168	PYTotalExpensesAmt
CY Total Expenses	$1,021,192	CYTotalExpensesAmt
PY Revenues Less Expenses	$3,653,951	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$327,703	CYRevenuesLessExpensesAmt
Total Assets BOY	$61,876,438	TotalAssetsBOYAmt
Total Assets EOY	$68,239,037	TotalAssetsEOYAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$61,876,438	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$68,239,037	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROMOTE THE EDUCATION OF YOUNG MEN AND WOMEN AND PROVIDE FINANCIAL ASSISTANCE TO ENABLE NEEDY INDIVIDUALS TO SECURE AN EDUCATION.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$744,184	ExpenseAmt
Grant	$692,781	GrantAmt
Desc	YALE UNIVERSITY - TO SUPPORT FOREIGN STUDY FELLOWSHIPS FOR STUDENTS LEARNING THE CHINESE, JAPANESE OR KOREAN LANGUAGES	Desc
Total Program Service Expenses	$744,184	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	0	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	5	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
DAF Excess Business Holdings	0	DAFExcessBusinessHoldingsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	3	GoverningBodyVotingMembersCnt
Independent Voting Member	1	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	0	ConflictOfInterestPolicyInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BARBARA J PARISH	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2693810266	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	350 EAST MICHIGAN AVE STE 500	AddressLine1Txt
City	KALAMAZOO	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49007	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
BARBARA J PARISH
VP/TREASURER	1.00	0.00	Yes (X)	Yes (X)	$18,413	$0	$0
TIMOTHY LIGHT
PRESIDENT	1.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
STEPHEN M DENENFELD
SECRETARY	1.00	0.00	Yes (X)	Yes (X)	$15,260	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$33,673	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WILLIAM BLAIR & COMPANY LLC	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	222 WEST ADAMS STREET	AddressLine1Txt
City	CHICAGO	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	60606	ZIPCd

Field	Value	IRS element (for citing)
Services	INVESTMENT MANAGEMEN	ServicesDesc
Compensation	$219,873	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$990,523	TotalRevenueColumnAmt
Exclusion	$990,523	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$2,425,429	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$2,067,057	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$358,372	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$358,372	TotalRevenueColumnAmt
Exclusion	$358,372	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,348,895	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$1,348,895	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$692,781	TotalAmt
Program Services	$692,781	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$33,673	TotalAmt
Program Services	$23,571	ProgramServicesAmt
Management And General	$10,102	ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$41,750	TotalAmt
Program Services	$20,875	ProgramServicesAmt
Management And General	$20,875	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$12,263	TotalAmt
Program Services	$6,132	ProgramServicesAmt
Management And General	$6,131	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$10,125	TotalAmt
Management And General	$10,125	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$219,873	TotalAmt
Management And General	$219,873	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,651	TotalAmt
Program Services	$825	ProgramServicesAmt
Management And General	$826	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS	Desc
Total	$9,076	TotalAmt
Management And General	$9,076	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,021,192	TotalAmt
Program Services	$744,184	ProgramServicesAmt
Management And General	$277,008	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$1,543,641	BOYAmt
EOY	$1,425,983	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$44,003,595	BOYAmt
EOY	$49,323,176	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$16,329,202	BOYAmt
EOY	$17,489,878	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$61,876,438	BOYAmt
EOY	$68,239,037	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$61,876,438	BOYAmt
EOY	$68,239,037	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$61,876,438	BOYAmt
EOY	$68,239,037	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$61,876,438	BOYAmt
EOY	$68,239,037	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$327,703	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$6,034,896	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	Yes (1)	AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
FS Audited	0	FSAuditedInd
Audit Committee	0	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Supporting Organization509a3	Yes (X)	SupportingOrganization509a3Ind
Supporting Org Type3 Non Func	Yes (X)	SupportingOrgType3NonFuncInd
Supported Organizations	1	SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	YALE UNIVERSITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
EIN	060646973	EIN
Organization Type	2	OrganizationTypeCd
Governing Document Listed	Yes (1)	GoverningDocumentListedInd
Support	$692,781	SupportAmt
Other Support	$0	OtherSupportAmt

Field	Value	IRS element (for citing)
Supported Organizations Total	1	SupportedOrganizationsTotalCnt
Support Sum	$692,781	SupportSumAmt
Other Support Sum	$0	OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

Field	Value	IRS element (for citing)
Listed By Name Governing Doc	Yes (1)	ListedByNameGoverningDocInd
Suprt Org No IRS Determination	0	SuprtOrgNoIRSDeterminationInd
Supported Org Section C456	0	SupportedOrgSectionC456Ind
Supported Org Not Organized US	0	SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org	0	OrganizationChangeSuprtOrgInd
Support Non Supported Org	0	SupportNonSupportedOrgInd
Payment Substantial Contribtr	0	PaymentSubstantialContribtrInd
Loan Disqualified Person	0	LoanDisqualifiedPersonInd
Controlled Disqualified Prsn	0	ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int	0	DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int	0	DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules	0	ExcessBusinessHoldingsRulesInd
Contribution Controller	0	ContributionControllerInd
Contribution Family	0	ContributionFamilyInd
Contribution35 Controlled	0	Contribution35ControlledInd

Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp

Field	Value	IRS element (for citing)
Timely Provided Documents	Yes (1)	TimelyProvidedDocumentsInd
Officers Close Relationship	0	OfficersCloseRelationshipInd
Supported Org Voice Investment	Yes (1)	SupportedOrgVoiceInvestmentInd

Adjusted Net Income AdjustedNetIncomeGrp

Net ST Capital Gain Adj Net Incm NetSTCapitalGainAdjNetIncmGrp

Field	Value	IRS element (for citing)
Prior Year	$0	PriorYearAmt
Current Year	$0	CurrentYearAmt

Recoveries PY Distributions RecoveriesPYDistributionsGrp

Field	Value	IRS element (for citing)
Prior Year	$0	PriorYearAmt
Current Year	$0	CurrentYearAmt

Other Gross Income OtherGrossIncomeGrp

Field	Value	IRS element (for citing)
Prior Year	$937,052	PriorYearAmt
Current Year	$990,523	CurrentYearAmt

Adjusted Gross Income AdjustedGrossIncomeGrp

Field	Value	IRS element (for citing)
Prior Year	$937,052	PriorYearAmt
Current Year	$990,523	CurrentYearAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Prior Year	$0	PriorYearAmt
Current Year	$0	CurrentYearAmt

Production Income ProductionIncomeGrp

Field	Value	IRS element (for citing)
Prior Year	$233,538	PriorYearAmt
Current Year	$247,905	CurrentYearAmt

Other Expenses OtherExpensesGrp

Field	Value	IRS element (for citing)
Prior Year	$0	PriorYearAmt
Current Year	$0	CurrentYearAmt

Total Adjusted Net Income TotalAdjustedNetIncomeGrp

Field	Value	IRS element (for citing)
Prior Year	$703,514	PriorYearAmt
Current Year	$742,618	CurrentYearAmt

Minimum Asset Amount MinimumAssetAmountGrp

Average Monthly FMV Of Sec AverageMonthlyFMVOfSecGrp

Field	Value	IRS element (for citing)
Prior Year	$55,311,536	PriorYearAmt
Current Year	$62,900,789	CurrentYearAmt

Average Monthly Cash Balances AverageMonthlyCashBalancesGrp

Field	Value	IRS element (for citing)
Prior Year	$2,128,644	PriorYearAmt
Current Year	$1,153,390	CurrentYearAmt

FMV Other Non Exempt Use Asset FMVOtherNonExemptUseAssetGrp

Field	Value	IRS element (for citing)
Prior Year	$0	PriorYearAmt
Current Year	$0	CurrentYearAmt

Total FMV Of Non Exempt Use Asset TotalFMVOfNonExemptUseAssetGrp

Field	Value	IRS element (for citing)
Prior Year	$57,440,180	PriorYearAmt
Current Year	$64,054,179	CurrentYearAmt

Field	Value	IRS element (for citing)
Discount Claimed	$0	DiscountClaimedAmt

Acquisition Indebtedness AcquisitionIndebtednessGrp

Field	Value	IRS element (for citing)
Prior Year	$0	PriorYearAmt
Current Year	$0	CurrentYearAmt

Adjusted FMV Less Indebtedness AdjustedFMVLessIndebtednessGrp

Field	Value	IRS element (for citing)
Prior Year	$57,440,180	PriorYearAmt
Current Year	$64,054,179	CurrentYearAmt

Cash Deemed Charitable CashDeemedCharitableGrp

Field	Value	IRS element (for citing)
Prior Year	$861,603	PriorYearAmt
Current Year	$960,813	CurrentYearAmt

Net Vl Non Exempt Use Assets NetVlNonExemptUseAssetsGrp

Field	Value	IRS element (for citing)
Prior Year	$56,578,577	PriorYearAmt
Current Year	$63,093,366	CurrentYearAmt

Pct Of Net Vl Non Exempt Use Ast PctOfNetVlNonExemptUseAstGrp

Field	Value	IRS element (for citing)
Prior Year	$1,980,250	PriorYearAmt
Current Year	$2,208,268	CurrentYearAmt

Recoveries PY Distri Min Asset RecoveriesPYDistriMinAssetGrp

Field	Value	IRS element (for citing)
Prior Year	$0	PriorYearAmt
Current Year	$0	CurrentYearAmt

Total Minimum Asset TotalMinimumAssetGrp

Field	Value	IRS element (for citing)
Prior Year	$1,980,250	PriorYearAmt
Current Year	$2,208,268	CurrentYearAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
CY Adj Net Income Distributable	$703,514	CYAdjNetIncomeDistributableAmt
CY Pct85 Adjusted Net Income	$597,987	CYPct85AdjustedNetIncomeAmt
CY Total Min Ast Distributable	$1,980,250	CYTotalMinAstDistributableAmt
CY Greater Adjusted Minimum	$1,980,250	CYGreaterAdjustedMinimumAmt
CY Income Tax Imposed PY	$0	CYIncomeTaxImposedPYAmt
CY Distributable As Adjusted	$1,980,250	CYDistributableAsAdjustedAmt

Distributions DistributionsGrp

Field	Value	IRS element (for citing)
CY Paid Accomplish Exempt Prps	$692,781	CYPaidAccomplishExemptPrpsAmt
CY Pd In Excess Income Activity	$0	CYPdInExcessIncomeActivityAmt
CY Administrative Expense Paid	$0	CYAdministrativeExpensePaidAmt
Exempt Use Assets Acquis Paid	$0	ExemptUseAssetsAcquisPaidAmt
Qualified Set Aside	$0	QualifiedSetAsideAmt
CY Other Distributions	$0	CYOtherDistributionsAmt
CY Total Annual Distributions	$692,781	CYTotalAnnualDistributionsAmt
CY Distri Attentive Suprt Org	$692,781	CYDistriAttentiveSuprtOrgAmt
CY Distributable As Adjusted	$1,980,250	CYDistributableAsAdjustedAmt
CY Distribution Yr	34.980000000000	CYDistributionYrRt

Distribution Allocations DistributionAllocationsGrp

Field	Value	IRS element (for citing)
CY Distributable As Adjusted	$1,980,250	CYDistributableAsAdjustedAmt
Underdistributions	$0	UnderdistributionsAmt
Excess Distribution Cyov Yr5	$0	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$0	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$0	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$0	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$191,250	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$191,250	TotalExcessDistributionCyovAmt
Cyov Applied Underdistri PY	$0	CyovAppliedUnderdistriPYAmt
Cyov Applied Underdistr CPY	$191,250	CyovAppliedUnderdistrCPYAmt
Carryover PY Not Applied	$0	CarryoverPYNotAppliedAmt
Excess Distribution Cyov	$0	ExcessDistributionCyovAmt
CY Total Annual Distributions	$692,781	CYTotalAnnualDistributionsAmt
CY Distrib App Underdistri PY	$0	CYDistribAppUnderdistriPYAmt
CY Distri App Distributable	$692,781	CYDistriAppDistributableAmt
Excess Distribution	$0	ExcessDistributionAmt
Remaining Underdistri PY	$0	RemainingUnderdistriPYAmt
Remaining Underdistri CY	$1,096,219	RemainingUnderdistriCYAmt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt
Excess From Year5	$0	ExcessFromYear5Amt
Excess From Year4	$0	ExcessFromYear4Amt
Excess From Year3	$0	ExcessFromYear3Amt
Excess From Year2	$0	ExcessFromYear2Amt
Excess From Year1	$0	ExcessFromYear1Amt

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART IV - SECTION D - QUESTION 2

THE FOUNDATION HAS A "CLOSE AND CONTINUOUS WORKING RELATIONSHIP" WITH THE SUPPORTED ORGANIZATION, NAMELY YALE UNIVERSITY. SPECIFICALLY, FOUNDATION TRUSTEES MEET WITH REPRESENTATIVES FROM YALE UNIVERSITY AT LEAST ANNUALLY, AND OVER THE COURSE OF EACH YEAR, ROUTINELY COMMUNICATE BY EMAIL AND BY TELEPHONE. THESE MEETINGS AND COMMUNICATIONS CONCERN THE USE OF FUNDS DISTRIBUTED FROM THE FOUNDATION TO YALE UNIVERSITY, AND SPECIFICALLY HOW THOSE FUNDS ARE ALLOCATED FOR PURPOSES OF THE LIGHT FELLOWSHIP PROGRAM. THE FOUNDATION TRUSTEES ANNUALLY RECEIVE DETAILED INFORMATION REGARDING THE IDENTITY, ACCOMPLISHMENTS AND GOALS OF THE STUDENTS NAMED AS LIGHT FELLOWS, RECEIVE INFORMATION ABOUT THE COURSE OF STUDY OF THOSE STUDENTS, AS WELL AS FINANCIAL INFORMATION REGARDING THE ADMINISTRATION OF THE LIGHT FELLOWSHIP PROGRAM. THE LEVEL OF COMMUNICATION, THE DETAIL OF THE INFORMATION PROVIDED, AND THE FACT THAT THIS PROGRAM HAS BEEN ONGOING SINCE 1996, ALL CLEARLY ILLUSTRATE THE CLOSE AND CONTINUOUS WORKING RELATIONSHIP BETWEEN THE FOUNDATION AND YALE.

PART IV - SECTION D - QUESTION 3

BY REASON OF THE CLOSE AND CONTINUOUS WORKING RELATIONSHIP BETWEEN THE FOUNDATION AND YALE UNIVERSITY, YALE UNIVERSITY HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE FOUNDATION'S INCOME AND ASSETS. BECAUSE YALE UNIVERSITY IS THE SOLE SUPPORTED ORGANIZATION FOR THE FOUNDATION, IT MUST WORK CLOSELY WITH YALE UNIVERSITY TO MEET DISTRIBUTION GOALS, AND ACCORDINGLY, MUST INVEST IN ORDER TO ATTAIN THOSE GOALS, IN A MANNER THAT WILL ENABLE YALE UNIVERSITY TO PROPERLY ADMINISTER THE LIGHT FELLOWSHIP PROGRAM. BECAUSE OF THIS LEVEL OF INTERACTION, COMMUNICATION AND COLLABORATION, YALE UNIVERSITY EFFECTIVELY HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENTS. MOREOVER, BECAUSE THE FOUNDATION AND YALE UNIVERSITY WORK CLOSELY IN DEVELOPING PROGRAMMING FOR THE LIGHT FELLOWSHIP PROGRAM, YALE UNIVERSITY EFFECTIVELY HAS A SIGNIFICANT VOICE IN DIRECTING THE USE OF THE FOUNDATION'S INCOME AND ASSETS.

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$61,876,438	BeginningYearBalanceAmt
Investment Earnings Or Losses	$7,383,791	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$692,781	GrantsOrScholarshipsAmt
Other Expenditures	$21,700	OtherExpendituresAmt
Administrative Expenses	$306,711	AdministrativeExpensesAmt
End Year Balance	$68,239,037	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$55,560,805	BeginningYearBalanceAmt
Investment Earnings Or Losses	$8,430,781	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,801,937	GrantsOrScholarshipsAmt
Other Expenditures	$21,700	OtherExpendituresAmt
Administrative Expenses	$291,511	AdministrativeExpensesAmt
End Year Balance	$61,876,438	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$49,328,965	BeginningYearBalanceAmt
Investment Earnings Or Losses	$8,364,575	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,804,801	GrantsOrScholarshipsAmt
Other Expenditures	$24,859	OtherExpendituresAmt
Administrative Expenses	$303,075	AdministrativeExpensesAmt
End Year Balance	$55,560,805	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$46,171,027	BeginningYearBalanceAmt
Investment Earnings Or Losses	$5,099,908	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,686,627	GrantsOrScholarshipsAmt
Other Expenditures	$24,512	OtherExpendituresAmt
Administrative Expenses	$230,831	AdministrativeExpensesAmt
End Year Balance	$49,328,965	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$47,630,577	BeginningYearBalanceAmt
Investment Earnings Or Losses	$378,555	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,591,672	GrantsOrScholarshipsAmt
Other Expenditures	$22,985	OtherExpendituresAmt
Administrative Expenses	$223,448	AdministrativeExpensesAmt
End Year Balance	$46,171,027	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Prmnnt Endowment Balance EOY	0.24800	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.75200	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings	$0	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
WILLIAM BLAIR BOND FUND	$13,819,648	F
VISA INC-CLASS A SHARES	$3,670,230	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$17,489,878	TotalBookValueSecuritiesAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	YALE UNIVERSITY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	149 ELM STREET	AddressLine1Txt
City	NEW HAVEN	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	065200000	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	060646973	RecipientEIN
IRC Section	501(C)3	IRCSectionDesc
Cash Grant	$692,781	CashGrantAmt
Purpose Of Grant	PROGRAM SUPPORT OF THE RICHARD U. LIGHT FELLOWSHIP PROGRAM AT YALE UNIVERSITY. THE PROGRAM PROVIDES ASSISTANCE TO YALE UNDERGRADUATE, GRADUATE, AND PROFESSIONAL SCHOOL STUDENTS PURSUING INTENSIVE LANGUAGE STUDY IN EAST ASIA.	PurposeOfGrantTxt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART II, LINE 1, COLUMN (E):	FormAndLineReferenceDesc
Explanation	DURING SEPTEMBER 2020, THE FOUNDATION TRANSFERRED $1,000,000 OF FUNDS TO THE ACCOUNT SET ASIDE FOR YALE UNIVERSITY. THESE FUNDS WERE APPROVED TO BE SET ASIDE FOR DISTRIBUTION TO YALE UNIVERSITY FOR THE FISCAL YEAR ENDED JUNE 30, 2020, BUT THEY WERE NOT TRANSFERRED FROM THE FOUNDATION'S INVESTMENTS TO THE YALE UNIVERSITY SET-ASIDE ACCOUNT UNTIL SEPTEMBER 2020.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	THE BOARD OF TRUSTEES REVIEWS THE FORM 990 IN DRAFT FORM PRIOR TO IT BEING FINALIZED AND FILED.
FORM 990, PART VI, SECTION B, LINE 15	THE COMPENSATION OF TRUSTEES AND OFFICERS SHALL BE AN ANNUAL STIPEND OF TWO THOUSAND DOLLARS PLUS AN HOURLY RATE AS THE BOARD OF TRUSTEES DETERMINE TO BE THE AVERAGE HOURLY RATE FOR PROFESSIONAL SERVICES IN THE AREA OF KALAMAZOO, MICHIGAN, AS DETERMINED BY THE BOARD OF TRUSTEES ON OR ABOUT THE DATE OF THE ANNUAL MEETING OF THE BOARD OF TRUSTEES EVERY THREE CALENDAR YEARS BEGINNING JANUARY 1, 2007.
FORM 990, PART VI, SECTION C, LINE 19	ALL ARE AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:	THERE HAS BEEN NO CHANGE IN PROCESS SINCE PRIOR YEAR.