2019-05-10T10:16:44-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH ST STE 300 MINNEAPOLIS MN 55402 990 2017-07-01 420680387 TRUSTEES OF GRINNELL COLLEGE TRUS 6412699700 733 BROAD STREET GRINNELL IA 501122227 KEITH ARCHER VP FINANCE AND TREASURER 6412699700 2019-05-09 1 KAREN GRIES P00078514 6123764500 67.137.57.251 2019-05-09 17:19:24 CD P B1408F4169D63E0C496C9148BADE162A178C75FA 3B8AD87D3D4D2D1864CA6013C36879B94F3F1DCF 2017 2020-04-17 16:48:07Z GRINNELL COLLEGE DR RAYNARD S KINGTON 733 BROAD STREET GRINNELL IA 501122227 724179873 0 X WWW.GRINNELL.EDU X 1846 IA TO EDUCATE STUDENTS IN THE LIBERAL ARTS THROUGH FREE INQUIRY AND THE OPEN EXCHANGE OF IDEAS. 32 31 2717 1043 1603520 1096318 11102250 28162670 97751874 101386279 112969263 116333708 1016796 1194572 222840183 247077229 49532248 50144728 0 0 73712532 76541803 9588 56601 5956991 50179419 47925814 173433787 174668946 49406396 72408283 2300451142 2439522215 251186258 252318464 2049264884 2187203751 X SEE SCHEDULE O 0 0 93086480 49005459 82761031 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 12 CONCENTRATIONS AND A 1:9 FACULTY TO STUDENT RATIO. GRINNELL COLLEGE HAS APPROXIMATELY 1600 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 MORE 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. 23955128 632322 691665 STUDENT SERVICES INCLUDES REGISTRATION, COUNSELING, ADMISSION AND FINANCIAL AID, HEALTH SERVICES, INTERCOLLEGIATE ATHLETICS, LECTURES, CONVOCATIONS AND OTHER STUDENT PROGRAMS. 26937741 506947 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. 16414204 0 17933583 OTHER PROGRAM SERVICES INCLUDE AUXILIARY ENTERPRISES SUCH AS HOUSING AND FOOD SERVICES. 16414204 0 17933583 160393553 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 1 1 1 1 0 1 X 2288 0 2717 1 1 1 1 UK 0 0 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 MA MI NY SC CA X X KEITH ARCHER 6412699700 733 BROAD STREET GRINNELL IA 501122227 TRISH FITZGIBBONS ANDERSON TRUSTEE 2.00 X 0 0 0 DAVID BRAMAN TRUSTEE 1.00 X 0 0 0 PETER CALVERT ALUMNI COUNCIL PRESIDENT 1.00 X 0 0 0 ODILE DISCH-BHADKAMKAR TRUSTEE 1.00 X 0 0 0 LAURA FERGUSON TRUSTEE 1.00 X 2500 0 0 SHELLEY FLOYD TRUSTEE 1.00 X 0 0 0 HAROLD FUSON JR TRUSTEE 1.00 X 0 0 0 JULIE GOSSELINK TRUSTEE 1.00 X 0 0 0 CHARLES GOTTDIENER TRUSTEE 1.00 X 0 0 0 ATUL GUPTA TRUSTEE 1.00 X 0 0 0 STEVE HOLTZE TRUSTEE 1.00 X 0 0 0 G BARRY HUFF TRUSTEE 0.00 X 0 0 0 MICHAEL KAHN TRUSTEE & VICE CHAIR 2.00 X X 0 0 0 JOHN KISPERT TRUSTEE 1.00 X 0 0 0 KIMBERLY KUNCL TRUSTEE 0.00 X 0 0 0 SYLVIA KWAN TRUSTEE 1.00 X 0 0 0 TOBI KLEIN MARCUS TRUSTEE 1.00 X 0 0 0 DAVID MAXWELL TRUSTEE 1.00 X 0 0 0 SUSAN HOLDEN MCCURRY TRUSTEE 1.00 X 0 0 0 KATHRYN MOHRMAN TRUSTEE 1.00 X 0 0 0 GEORGE MOOSE TRUSTEE & VICE CHAIR 2.00 X X 0 0 0 STEPHEN MOYER TRUSTEE 0.00 X 0 0 0 JEANNE MYERSON TRUSTEE 1.00 X 0 0 0 ANGELA ONWUACHI-WILLIG TRUSTEE 0.00 X 0 0 0 SAUMIL PARIKH TRUSTEE 0.00 X 0 0 0 JOHN SCHWALLER TRUSTEE 1.00 X 0 0 0 W ED SENN TRUSTEE 1.00 X 0 0 0 KAREN SHAFF TRUSTEE 1.00 X 0 0 0 JOEL SPIEGEL TRUSTEE 1.00 X 0 0 0 BARRETT THOMAS TRUSTEE & VICE CHAIR 1.00 X X 0 0 0 SHERYL WALTER TRUSTEE 1.00 X 0 0 0 MATTHEW WELCH TRUSTEE 1.00 X 0 0 0 ERIC WHITAKER TRUSTEE 1.00 X 0 0 0 CONNIE WIMER TRUSTEE 1.00 X 0 0 0 JOHN EGAN LIFE TRUSTEE 1.00 X 0 0 0 PATRICIA FINKELMAN LIFE TRUSTEE & CHAIR 2.00 X X 0 0 0 TODD LINDEN LIFE TRUSTEE 1.00 X 0 0 0 RANDALL MORGAN JR LIFE TRUSTEE 1.00 X 0 0 0 RAYNARD KINGTON PRESIDENT 60.00 X 622844 0 217995 SCOTT WILSON CHIEF INVESTMENT OFFICER 60.00 X 765561 0 35210 ANDREW CHOQUETTE INTERIM CHIEF INVESTMENT OFFICER 60.00 X 476866 0 49230 DAVID CLAY INTERIM CHIEF INVESTMENT OFFICER 24.00 X 385700 0 46659 KATE WALKER TREASURER 60.00 X 275168 0 33914 NANCY COMBS INTERIM TREASURER 60.00 X 165238 0 40133 SUSAN SCHOEN SECRETARY 50.00 X 106779 0 28028 JOSEPH BAGNOLI VP ENROLLMENT 60.00 X 228176 0 64133 MICHAEL LATHAM DEAN OF THE COLLEGE 60.00 X 298215 0 48150 DEBRA LUKEHART VP COMMUNICATIONS 60.00 X 181702 0 41029 DAVID ROBINSON CHIEF INFORMATION OFFICER 60.00 X 174417 0 44181 ANGELA VOOS VP STRATEGIC PLAN/CHIEF OF STAFF 60.00 X 209825 0 25707 JONATHAN ANDELSON PROFESSOR OF ANTHROPOLOGY 50.00 X 190918 0 39662 DAVID CAMPBELL PROFESSOR OF BIOLOGY 50.00 X 180524 0 39457 ANGELA CLEMENT ASSOCIATE DIRECTOR OF INVESTMENTS 32.00 X 179697 0 38273 HENRY MOYER PROFESSOR OF POLITICAL SCIENCE 50.00 X 204309 0 29181 JAMES SWARTZ PROFESSOR OF CHEMISTRY 50.00 X 204066 0 38300 DAVID LOPATTO PROFESSOR OF PSYCHOLOGY 50.00 X 197264 0 108043 PAULA SMITH PROFESSOR OF ENGLISH 50.00 X 154100 0 16260 JOHN KALKBRENNER ASST VP FOR AUXILIARY SERVICES 50.00 X 196691 0 65564 5400560 0 1049109 135 1 1 0 EYP ARCHITECTURE 5TH FLOOR 201 FULLER ROAD ALBANY NY 12203 ARCHITECT 2746650 SOUTHEASTERN ASSET MANAGEMENT 6410 POPLAR AVENUE MEMPHIS TN 38119 INVESTMENT MANAGER 1372885 EAGLE CAPITAL 499 PARK AVENUE 17TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGER 1280305 AYERS SAINT GROSS 1040 HULL STREET SUITE 100 BALTIMORE MD 21230 ARCHITECT 1159875 NEUBERGER BERMAN LLC 605 THIRD AVENUE 36TH FLOOR NEW YORK NY 10158 INVESTMENT MANAGER 1097968 14 1222677 26939993 8143005 28162670 TUITION AND FEES 611600 82663004 82663004 AUXILIARY SERVICES 611710 17679688 17679688 FEES, SOURCES AND FINES 611710 691665 691665 ALUMNI FEES 611710 253895 253895 INDIRECT COST RECOVERY 611710 43926 43926 54101 54101 101386279 17953112 1603520 16349592 -568802 -568802 1268281 1268281 119697 219167 -99470 -99470 -99470 575285508 547367 476225676 657801 99059832 -110434 98949398 98949398 OTHER 900099 25761 25761 25761 247077229 82717105 1603520 134593934 155961 155961 41193796 41193796 8794971 8794971 2746007 436113 1903667 406227 1476529 822725 653804 54423297 49505666 2120636 2796995 4855805 4357132 254004 244669 8974796 8080024 451604 443168 4065369 3598546 258876 207947 482424 64844 417255 325 127452 127452 56601 56601 9200 6215 2985 2823494 2360261 347813 115420 254877 205263 49052 562 8337527 7745012 87804 504711 2663418 2310286 339279 13853 23910 23910 7405385 7310224 58061 37100 3775191 2861491 308209 605491 1312415 811761 211280 289374 1117813 1117813 10037816 9706098 202393 129325 533200 533200 OFF-CAMPUS PROGRAM COST 3028334 3028334 DINING PROGRAM FOOD COS 2636055 2636055 SPECIAL PROGRAMS 424616 341991 82530 95 UBI TAX 381399 381399 2551288 2385861 60299 105128 174668946 160393553 8318402 5956991 2133944 3484059 8690628 7037398 1408743 1456490 18945 13693 1025329 997427 3305462 2741073 501049778 210951221 236399069 290098557 1016855716 939584604 1024005092 1187936264 6608214 6172650 2300451142 2439522215 34625156 42575791 2335785 2683651 202920769 195394036 4506874 4449625 6797674 7215361 251186258 252318464 X 1443008280 1525102076 488047650 527354862 118208954 134746813 2049264884 2187203751 2300451142 2439522215 X 72408283 68273701 -2743117 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 308638 7074742 0 0 X X X 0 0 1 X 1871046105 13951066 184388901 21647276 56133664 1991605132 1648783045 3652010 301514594 21397837 61505707 1871046105 1787775377 7470389 -72644504 20391636 53426581 1648783045 1829521187 8741242 8756394 18964822 40278624 1787775377 1553629299 15363250 316328638 17934254 37865746 1829521187 0.68000 0.32000 0.00000 0 0 100 4105817 4105917 333930832 142932970 190997862 72485999 60741416 11744583 53939 90473091 7276835 83250195 290098557 17657491 F MARKETABLE ALTERNATIVES 477546554 F NON-MARKETABLE ALTERNATIVES 680767651 F OTHER INVESTMENTS 11964568 F 1187936264 ANNUITIES PAYABLE 7215361 7215361 X 266569678 68273701 337858 68611559 197958119 49119110 49119110 247077229 128630811 329601 329601 128301210 46367736 46367736 174668946 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 FAULCONER GALLERY AND ITS ART COLLECTION PROMOTE LEARNING THROUGH ARTISTIC EXCELLENCE AND CREATIVE COLLABORATION. GOALS OF THE GALLERY 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 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. AS SUCH, THE COLLEGE IS TAXED ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER SECTION 511 OF THE CODE. 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, 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LIFE INSURANCE 8,257. DIRECT RENTAL EXPENSES 219,167. LOSS ON DISPOSAL OF FIXED ASSETS 110,434. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 48,483,816. ALUMNI FEES 253,895. UNRELATED BUSINESS INCOME TAX 381,399. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 219,167. LOSS ON DISPOSAL OF FIXED ASSETS 110,434. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 48,483,816. ALUMNI FEES 253,895. UNRELATED BUSINESS INCOME TAX 381,399. CHANGE IN VALUE OF POST RETIRMENT BENEFIT OBLIGATION -1,797,444. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -953,930. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GRINNELL COLLEGE DRAWS STUDENTS FROM AROUND THE WORLD AND THROUGHOUT THE U.S. AND ACTIVELY SEEKS TO ENROLL A DIVERSE STUDENT BODY. DOMESTIC STUDENTS OF COLOR CURRENTLY MAKE UP ABOUT A QUARTER OF THE STUDENT BODY; INTERNATIONAL STUDENTS MORE THAN 20%. THE COLLEGE'S NONDISCRIMINATION STATEMENTS ARE INCLUDED IN THE ACADEMIC COURSE CATALOG ON THE COLLEGE'S WEBSITE (WWW.GRINNELL.EDU). SCHEDULE E, PART I, LINE 6 FINANCIAL AID IS RECEIVED FOR PELL GRANTS, SEOG, WORK STUDY AND OTHER GRANTS FOR STUDENTS. THE COLLEGE ALSO RECEIVES FUNDS FOR NSF GRANTS. 1 CENTRAL AMERICA & CARIBBEAN 0 0 GRANTS STUDENT AID 282193 EAST ASIA & THE PACIFIC 0 0 GRANTS STUDENT AID 2768845 EUROPE 0 0 GRANTS STUDENT AID 1310127 MIDDLE EAST & NORTH AFRICA 0 0 GRANTS STUDENT AID 103798 NORTH AMERICA 0 0 GRANTS STUDENT AID 200235 RUSSIA & NEIGHBORING STATES 0 0 GRANTS STUDENT AID 357385 SOUTH AMERICA 0 0 GRANTS STUDENT AID 495069 SOUTH ASIA 0 0 GRANTS STUDENT AID 2341569 SUB-SAHARAN AFRICA 0 0 GRANTS STUDENT AID 935750 CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 169804 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 136019 EUROPE 1 7 PROGRAM SERVICES ACADEMIC/EDUCATION 860368 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 5310 NORTH AMERICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 30121 RUSSIA & NEIGHBORING STATES 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 12315 SOUTH AMERICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 3423 SOUTH ASIA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 34378 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 26530 CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS (BOOK VALUE) 569869629 EAST ASIA & THE PACIFIC 0 0 INVESTMENTS (BOOK VALUE) 23372113 EUROPE 0 0 INVESTMENTS (BOOK VALUE) 86523067 NORTH AMERICA 0 0 INVESTMENTS (BOOK VALUE) 7445824 SUB-SAHARAN AFRICA 0 0 INVESTMENTS (BOOK VALUE) 32776914 CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS (EXPENDITURES) 111454760 EAST ASIA & THE PACIFIC 0 0 INVESTMENTS (EXPENDITURES) 2380588 EUROPE 0 0 INVESTMENTS (EXPENDITURES) 19552661 SUB-SAHARAN AFRICA 0 0 INVESTMENTS (EXPENDITURES) 2461773 0 0 1 7 1 7 7859221 858051347 865910568 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 50000 CHECK 0 N/A N/A 1 0 SCHOLARSHIP CENTRAL AMERICA & CARIBBEAN 6 276231 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIP EAST ASIA & THE PACIFIC 90 2525107 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIP EUROPE 26 1137138 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIP MIDDLE EAST & NORTH AFRICA 2 97702 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIP NORTH AMERICA 5 181534 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIP RUSSIA & NEIGHBORING STATES 7 341035 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIP SOUTH AMERICA 11 481980 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIP SOUTH ASIA 66 2255762 CREDIT TO STUDENT ACCOUNT N/A N/A SCHOLARSHIP SUB-SAHARAN AFRICA 18 899400 CREDIT TO STUDENT ACCOUNT N/A N/A PRIZES CENTRAL AMERICA & CARIBBEAN 1 50 CHECK N/A N/A PRIZES EAST ASIA & THE PACIFIC 10 4534 CHECK N/A N/A PRIZES EUROPE 7 14305 CHECK N/A N/A PRIZES NORTH AMERICA 1 2500 CHECK N/A N/A PRIZES RUSSIA & NEIGHBORING STATES 1 300 CHECK N/A N/A PRIZES SOUTH AMERICA 1 300 CHECK N/A N/A PRIZES SOUTH ASIA 3 1440 CHECK N/A N/A PRIZES SUB-SAHARAN AFRICA 4 9316 CHECK N/A N/A FELLOWSHIPS CENTRAL AMERICA & CARIBBEAN 1 1700 CHECK N/A N/A FELLOWSHIPS EAST ASIA & THE PACIFIC 79 163837 CHECK N/A N/A FELLOWSHIPS EUROPE 18 30146 CHECK N/A N/A FELLOWSHIPS MIDDLE EAST & NORTH AFRICA 2 2646 CHECK N/A N/A FELLOWSHIPS NORTH AMERICA 7 13701 CHECK N/A N/A FELLOWSHIPS RUSSIA & NEIGHBORING STATES 4 13300 CHECK N/A N/A FELLOWSHIPS SOUTH AMERICA 5 9600 CHECK N/A N/A FELLOWSHIPS SOUTH ASIA 11 20166 CHECK N/A N/A FELLOWSHIPS SUB-SAHARAN AFRICA 4 13748 CHECK N/A N/A INTERNSHIPS CENTRAL AMERICA & CARIBBEAN 1 4212 CHECK N/A N/A INTERNSHIPS EAST ASIA & THE PACIFIC 42 75367 CHECK N/A N/A INTERNSHIPS EUROPE 13 28538 CHECK N/A N/A INTERNSHIPS MIDDLE EAST & NORTH AFRICA 2 3450 CHECK N/A N/A INTERNSHIPS NORTH AMERICA 1 2500 CHECK N/A N/A INTERNSHIPS RUSSIA & NEIGHBORING STATES 1 2750 CHECK N/A N/A INTERNSHIPS SOUTH AMERICA 4 3189 CHECK N/A N/A INTERNSHIPS SOUTH ASIA 21 64201 CHECK N/A N/A INTERNSHIPS SUB-SAHARAN AFRICA 5 13286 CHECK N/A N/A AWARD EUROPE 1 50000 CHECK 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 I, LINE 3: ACCRUAL METHOD 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. X X X X X X 1 BENTZ WHALEY FLESSNER 7251 OHMS LANE MINNEAPOLIS MN 55439 FUNDRAISING PLAN DEVELOPMENT 0 0 34969 0 TREK ADVANCEMENT LLC 176 N MILL STREET LEXINGTON KY 40507 FUNDRAISING PLAN DEVELOPMENT 0 0 21632 0 56601 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 CITY OF GRINNELL 520 4TH AVENUE GRINNELL IA 50112 426004734 GOVERNMENT 35700 0 N/A N/A FIRE TRUCK GREATER POWESHIEK COMMUNITY FOUNDATION 1510 PENROSE STREET GRINNELL IA 50112 421298055 501(C)(3) 56200 0 N/A N/A SKATE PARK AND GENERAL SUPPORT GRINNELL NEWBURG BOOSTER CLUB 1310 HOBART STREET GRINNELL IA 50112 421298353 501(C)(3) 5937 0 N/A N/A GENERAL SUPPORT GRINNELL REGIONAL MEDICAL CENTER 210 4TH AVENUE GRINNELL IA 50112 420933383 501(C)(3) 12050 0 N/A N/A GENERAL SUPPORT UNITED CHURCH OF CHRIST 902 BROAD STREET GRINNELL IA 50112 420680385 501(C)(3) 6600 0 N/A N/A GENERAL SUPPORT 5 0 SCHOLARSHIPS 1225 40242689 0 N/A N/A PRIZES 81 58669 0 N/A N/A FELLOWSHIPS 261 537633 0 N/A N/A INTERNSHIPS 132 323305 0 N/A N/A AWARDS 2 31500 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 X 1 1 X X X X 0 1 0 0 0 0 0 1 0 RAYNARD KINGTON PRESIDENT 569657 0 0 0 53187 0 135000 0 82995 0 840839 0 0 0 SCOTT WILSON CHIEF INVESTMENT OFFICER 533127 0 195000 0 37434 0 27000 0 8210 0 800771 0 0 0 ANDREW CHOQUETTE INTERIM CHIEF INVESTMENT OFFICER 373988 0 97500 0 5378 0 27000 0 22230 0 526096 0 0 0 DAVID CLAY INTERIM CHIEF INVESTMENT OFFICER 323634 0 50055 0 12011 0 27000 0 19659 0 432359 0 0 0 KATE WALKER TREASURER 260701 0 10000 0 4467 0 27000 0 6914 0 309082 0 0 0 NANCY COMBS INTERIM TREASURER 164681 0 0 0 557 0 16913 0 23220 0 205371 0 0 0 JOSEPH BAGNOLI VP ENROLLMENT 217556 0 10000 0 620 0 23063 0 41070 0 292309 0 0 0 MICHAEL LATHAM DEAN OF THE COLLEGE 295431 0 0 0 2784 0 27000 0 21150 0 346365 0 0 0 DEBRA LUKEHART VP COMMUNICATIONS 181232 0 0 0 470 0 18778 0 22251 0 222731 0 0 0 DAVID ROBINSON CHIEF INFORMATION OFFICER 174177 0 0 0 240 0 18360 0 25821 0 218598 0 0 0 ANGELA VOOS VP STRATEGIC PLAN/CHIEF OF STAFF 206433 0 0 0 3392 0 20909 0 4798 0 235532 0 0 0 JONATHAN ANDELSON PROFESSOR OF ANTHROPOLOGY 187550 0 0 0 3368 0 19165 0 20497 0 230580 0 0 0 DAVID CAMPBELL PROFESSOR OF BIOLOGY 177129 0 0 0 3395 0 18342 0 21115 0 219981 0 0 0 ANGELA CLEMENT ASSOCIATE DIRECTOR OF INVESTMENTS 137151 0 42250 0 296 0 18350 0 19923 0 217970 0 0 0 HENRY MOYER PROFESSOR OF POLITICAL SCIENCE 201899 0 0 0 2410 0 20333 0 8848 0 233490 0 0 0 JAMES SWARTZ PROFESSOR OF CHEMISTRY 201718 0 0 0 2348 0 20607 0 17693 0 242366 0 0 0 DAVID LOPATTO PROFESSOR OF PSYCHOLOGY 195688 0 0 0 1576 0 20159 0 87884 0 305307 0 0 0 PAULA SMITH PROFESSOR OF ENGLISH 150949 0 0 0 3151 0 15095 0 1165 0 170360 0 0 0 JOHN KALKBRENNER ASST VP FOR AUXILIARY SERVICES 195391 0 0 0 1300 0 20129 0 45435 0 262255 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. IN ADDITION TO HOUSEKEEPING, THE COLLEGE OCCASSIONALLY PROVIDED MEALS TO THE PRESIDENT AND HIS FAMILY. IN RARE INSTANCES, FIRST-CLASS TRAVEL MAY BE PURCHASED FOR PRESIDENTIAL TRAVEL DUE TO OTHER FARES BEING SOLD OUT AT THE TIME OF BOOKING. PART I, LINE 4B RAYNARD KINGTON RECEIVED A $90,000 457F CONTRIBUTION NON-VESTED. PART I, LINE 7 THE PRESIDENT OF THE COLLEGE HAS THE AUTHORITY TO AWARD NON-FIXED PAYMENTS TO INDIVIDUALS BASED ON THEIR ACHIEVEMENTS DURING THE FISCAL YEAR OR WRITTEN CONTRACTS WITH THE COLLEGE. TYPICALLY, THESE AMOUNTS ARE DISCRETIONARY AND THE COLLEGE ENSURES THE AMOUNTS ARE REASONABLE WHEN ADDRESSING THE OVERALL COMPENSATION STRUCTURE FOR THE INDIVIDUAL. THESE PAYMENTS ARE REPORTED IN PART II COLUMN (B)(II) IN THE YEAR PAID. 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 462460H74 2010-03-09 65994798 REFUND 12-13-01 $50,000,000 BOND ISSUE AND FACILITIES 0 0 0 C 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 41300000 66325255 554622 404597 13932589 51433447 2012 0 1 1 1 C 121469012 695093 62675000 58098919 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00820 0.00000 0.00820 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 0 0 0 0 1 B 0 0 1 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/20/2015 ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/09/2012 PART I, COLUMN E THE DIFFERENCE FROM PART I, COLUMN E AND PART II, LINE 3 IS DUE TO INVESTMENT EARNINGS. 102476 SCHOLARSHIPS 6800 FELLOWSHIP BARBARA BROWN FAMILY MEMBER OF DAVID LOPATTO, FORMER VP ACADEMIC AFFAIRS & DEAN 73071 WAGES & BENEFITS 0 JOHN ROMMEREIM FAMILY MEMBER OF ANGELA VOOS, VP STRATEGIC PLANNING & CHIEF OF STAFF 166879 WAGES & BENEFITS 0 PAUL TJOSSEM FAMILY MEMBER OF PAULA SMITH, FORMER VP ACADEMIC AFFAIRS & DEAN 152990 WAGES & BENEFITS 0 VINCENT WALKER FAMILY MEMBER OF KATE WALKER, VP FOR FINANCE & TREASURER 30285 WAGES & BENEFITS 0 GEORGEANNA ROBINSON FAMILY MEMBER OF DAVID ROBINSON, CHIEF INFORMATION OFFICER 56722 WAGES & BENEFITS 0 JACOB WILLIG-ONWUACHI FAMILY MEMBER OF ANGELA ONWUACHI-WILLIG, ALUMNI COUNCIL PRESIDENT 128047 WAGES & BENEFITS 0 X 10 299518 INSURED VALUE X 4000 ESTIMATED VALUE X 84 7778715 NYSE AVERAGE HIGH/LOW X MUSIC EQUIPMENT 2 53300 ESTIMATED VALUE X COMPUTER EQUIPMENT 2 7472 ESTIMATED VALUE 9 0 1 1 PART I, COLUMN (B): PART I, COLUMN (B) REPRESENTS 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 I, LINE 6: SUMMARY VOLUNTEERS INCLUDE INDIVIDUALS WHO ASSIST ADMISSIONS; THE CENTER FOR CAREERS, LIFE AND SERVICE; ALUMNI COUNCIL AND OTHER COMMUNITY VOLUNTEERS. 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 V, LINE 1A: STATEMENTS REGARDING OTHER IRS FILINGS AND TAX COMPLIANCE: THE COLLEGE FILED 558 1099 FORMS AND 1,730 1098-T FORMS FOR A TOTAL OF 2,288. FORM 990, PART VI, SECTION A, LINE 1 A LIFE TRUSTEE WAS PERMITTED TO VOTE ON MATTERS COMING BEFORE A BOARD MEETING ONLY IF THE LIFE TRUSTEE SHALL HAVE ATTENDED AT LEAST TWO OF THE IMMEDIATELY PRECEDING THREE REGULAR MEETINGS OF THE BOARD. NO LIFE TRUSTEE HAD THE RIGHT TO VOTE ON PROPOSED AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BY-LAWS. GRINNELL COLLEGE UPDATED ITS BYLAWS TO UPDATE THE STATUS OF LIFE TRUSTEES AS OF SPRING 2018. AFTER THE ANNUAL MEETING OF 2018, LIFE TRUSTEES ARE NO LONGER PERMITTED TO PARTICIPATE IN MEETINGS OR ACTIONS OF THE BOARD OR TO HOLD OFFICE. 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 TREASURER PRIOR TO THE MAY 2019 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 AT THE MEETING AND PRESENTED FOR APPROVAL TO THE FULL BOARD OF TRUSTEES. 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, FORMER CHIEF INVESTMENT OFFICER, VICE-PRESIDENT FOR FINANCE & TREASURER, DEAN OF THE COLLEGE, FORMER DEAN OF THE COLLEGE, VICE-PRESIDENT FOR STRATEGIC PLANNING & CHIEF OF STAFF, VICE-PRESIDENT FOR COMMUNICATIONS, VICE-PRESIDENT FOR ENROLLMENT, ASSISTANT VICE-PRESIDENT FOR AUXILIARY SERVICES & ECONOMIC DEVELOPMENT, VICE-PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS, CHIEF INFORMATION TECHNOLOGY OFFICER, SECRETARY, CONTROLLER & ASSISTANT TREASURER, ASSISTANT VICE-PRESIDENT OF HUMAN RESOURCES, DIRECTOR OF COMPENSATION & RISK MANAGEMENT, DIRECTOR OF INVESTMENTS, DIRECTOR OF STUDENT FINANCIAL AID AND DIRECTOR OF FACILITIES MANAGEMENT. THE LAST REVIEW WAS CONDUCTED FOR COMPENSATION EFFECTIVE JULY 1, 2018. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE ON THE GRINNELL COLLEGE WEBSITE. FORM 990-T IS AVAILABLE UPON REQUEST. 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) AVAIABLE TO THE PUBLIC VIA ITS WEBSITE-WWW.GRINNELL.EDU. FORM 990, PART XI, LINE 9: CHANGE IN THE VALUE OF SPLIT-INTEREST AGREEMENTS -953,930. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 8,257. CHANGE IN ACCUMULATED POST RETIREMENT OBLIGATION -1,797,444. GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST 733 BROAD STREET GRINNELL IA 50112 451371997 HEALTH INSURANCE FOR EMPLOYEES IA 501(C)(9) N/A TRUSTEES OF GRINNELL COLLEGE 1 RED ROCK VENTURES III LP 530 LYTTON AVENUE 2ND FLOOR PALO ALTO CA 94301 770549159 VENTURE CAPITAL DE TRUSTEES OF GRINNELL COLLEGE INVESTMENT 373 294993 0 0 0.59100 POWESHIEK PETROLEUM CORPORATION 733 BROAD STREET GRINNELL IA 50112 730646866 OIL & GAS PRODUCTION IL TRUSTEES OF GRINNELL COLLEGE C 12174 33299 1.00000 0 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 ANNUITY TRUSTS (1) TRUST IA TRUSTEES OF GRINNELL COLLEGE T 0 POOLED INCOME FUND (1) TRUST IA 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 8504329 CASH TRANSFERRED CHARITABLE REMAINDER UNITRUSTS R 272736 CASH TRANSFERRED CHARITABLE REMAINDER UNITRUSTS S 180556 CASH TRANSFERRED POOLED INCOME FUND S 80441 CASH TRANSFERRED