2017-05-04T14:50:58-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH ST STE 300 MINNEAPOLIS MN 55402 990 2015-07-01 420680387 TRUSTEES OF GRINNELL COLLEGE TRUS 6412699700 733 BROAD STREET GRINNELL IA 50112 KATE WALKER TREASURER 6412699700 2017-05-02 1 KAREN GRIES P00078514 6123764500 2015 2021-01-29 14:40:06Z GRINNELL COLLEGE KATE WALKER 733 BROAD STREET GRINNELL IA 50112 743761543 0 X WWW.GRINNELL.EDU X 1846 IA TO EDUCATE STUDENTS IN THE LIBERAL ARTS THROUGH FREE INQUIRY AND THE OPEN EXCHANGE OF IDEAS. 25 24 2683 987 -597225 -1088635 21084298 14994818 92374176 94602833 156298199 41189575 1143201 887197 270899874 151674423 48322809 48918541 0 0 69959559 68813218 147900 56875 5838075 45689076 48482727 164119344 166271361 106780530 -14596938 2082838342 1945993437 135292571 132736862 1947545771 1813256575 X 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." 0 0 89483971 47751422 77355383 INSTRUCTIONAL PROGRAMS INCLUDE HUMANITIES, SCIENCES, SOCIAL STUDIES AND SPECIAL PROGRAMS INCLUDING INTERNATIONAL EDUCATION. THE SIX-YEAR GRADUATION RATE IS 89% WITH A 1:9 FACULTY TO STUDENT RATIO. GRINNELL COLLEGE HAS APPROXIMATELY 1,600 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 NINE 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 THAN 10 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 CENTER FOR INTERNATIONAL STUDIES 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. 23984333 731530 0 ACADEMIC AND INSTITUTIONAL SUPPORT INCLUDES LIBRARY, FACULTY DEVELOPMENT, ART GALLERY, ANALYTIC SUPPORT, COMPUTER SERVICES, COMMUNICATIONS, MAIL SERVICES, AND OTHER EXPENDITURES TO SUPPORT THE ACTIVITIES OF THE COLLEGE. 22376570 435589 276731 STUDENT SERVICES INCLUDES REGISTRATION, STUDENT AND RESIDENCE LIFE, ACADEMIC ADVISING, CAMPUS SAFETY, ADMISSION AND FINANCIAL AID, HEALTH SERVICES, INTERCOLLEGIATE ATHLETICS, LECTURES, CONVOCATIONS AND OTHER STUDENT PROGRAMS. 16327161 0 16970719 OTHER PROGRAM SERVICES INCLUDE AUXILIARY ENTERPRISES SUCH AS HOUSING AND FOOD SERVICES. 16327161 0 16970719 152172035 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 1 1 1 1 0 1 X 2307 0 1 2683 1 1 1 1 UK 0 0 0 0 0 0 0 0 X 25 24 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 CA MA MI NY SC X X KATE WALKER 6412693500 733 BROAD STREET GRINNELL IA 50112 TRISH FITZGIBBONS ANDERSON TRUSTEE & VICE CHAIR 2.00 X X 0 0 0 DAVID BRAMAN TRUSTEE & VICE CHAIR 2.00 X X 0 0 0 LAURA FERGUSON TRUSTEE 1.00 X 0 0 0 SHELLEY FLOYD TRUSTEE 2.00 X 0 0 0 HAROLD FUSON JR TRUSTEE 2.00 X 0 0 0 CHARLES GOTTDIENER TRUSTEE 0.00 X 0 0 0 ATUL GUPTA TRUSTEE 2.00 X 0 0 0 I CRAIG HENDERSON TRUSTEE 1.00 X 0 0 0 STEVE HOLTZE TRUSTEE 2.00 X 0 0 0 MICHAEL KAHN TRUSTEE 1.00 X 0 0 0 JOHN KISPERT TRUSTEE 0.00 X 0 0 0 CLINTON KORVER TRUSTEE 1.00 X 0 0 0 SYLVIA KWAN TRUSTEE 2.00 X 0 0 0 TOBI KLEIN MARCUS TRUSTEE 2.00 X 0 0 0 SUSAN HOLDEN MCCURRY TRUSTEE 1.00 X 0 0 0 KATHRYN MOHRMAN TRUSTEE 0.00 X 0 0 0 GEORGE MOOSE TRUSTEE 2.00 X 0 0 0 ANGELA ONWUACHI-WILLIG ALUMNI COUNCIL PRESIDENT 0.00 X 0 0 0 W ED SENN TRUSTEE 1.00 X 0 0 0 KAREN SHAFF TRUSTEE 2.00 X 0 0 0 M ANNE SPENCE TRUSTEE 1.00 X 0 0 0 JOEL SPIEGEL TRUSTEE 2.00 X 0 0 0 BARRET THOMAS TRUSTEE 2.00 X 0 0 0 MATTHEW WELCH TRUSTEE 2.00 X 0 0 0 ERIC WHITAKER TRUSTEE 2.00 X 0 0 0 CONNIE WIMER TRUSTEE 1.00 X 0 0 0 ROBERT AUSTIN LIFE 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 RONALD GAULT LIFE TRUSTEE 0.00 X 0 0 0 KIHWAN KIM LIFE TRUSTEE 1.00 X 0 0 0 TODD LINDEN LIFE TRUSTEE 2.00 X 0 0 0 RANDALL MORGAN JR LIFE TRUSTEE 1.00 X 0 0 0 GREGG NARBER LIFE TRUSTEE 1.00 X 0 0 0 JOHN PRICE LIFE TRUSTEE 1.00 X 0 0 0 RONALD SANDLER LIFE TRUSTEE 1.00 X 0 0 0 DONALD STEWART LIFE TRUSTEE 0.00 X 0 0 0 DAVID WHITE LIFE TRUSTEE 1.00 X 0 0 0 HENRY WINGATE LIFE TRUSTEE 1.00 X 0 0 0 RAYNARD KINGTON PRESIDENT 60.00 X 567097 0 190833 SCOTT WILSON CHIEF INVESTMENT OFFICER 60.00 X 638055 0 48151 KATE WALKER TREASURER 60.00 X 227445 0 41676 SUSAN SCHOEN SECRETARY 50.00 X 105736 0 33596 JOSEPH BAGNOLI VP ENROLLMENT 60.00 X 202847 0 82243 SHANE JACOBSON VP DEVELOPMENT & ALUMNI RELATIONS 60.00 X 267001 0 46612 JOHN KALKBRENNER VP COLLEGE SERVICES 60.00 X 194027 0 84349 MICHAEL LATHAM DEAN OF THE COLLEGE 60.00 X 263822 0 46951 JAMES REISCHE VP COMMUNICATIONS 60.00 X 164584 0 36485 ANGELA VOOS VP STRATEGIC PLANNING & CHIEF OF STAFF 60.00 X 193890 0 22599 JONATHAN ANDELSON PROFESSOR OF ANTHROPOLOGY 50.00 X 160269 0 54864 ANDREW CHOQUETTE DIRECTOR OF INVESTMENTS 50.00 X 270529 0 47447 HENRY MOYER PROFESSOR OF POLITICAL SCIENCE 50.00 X 173615 0 27897 JAMES SWARTZ PROFESSOR OF CHEMISTRY 50.00 X 174753 0 34403 HENRY WALKER PROFESSOR OF COMPUTER SCIENCE 50.00 X 181518 0 33918 DAVID CLAY SENIOR ADVISOR 24.00 X 363541 0 45576 DAVID LOPATTO PROFESSOR OF PSYCHOLOGY 50.00 X 154659 0 77871 PAULA SMITH PROFESSOR OF ENGLISH 50.00 X 156396 0 16555 4459784 0 972026 100 1 1 0 SOUTHEASTERN ASSET MANAGEMENT INC 6410 POPLAR AVE MEMPHIS TN 38119 INVESTMENT MANAGER 1669171 NEUBERGER BERMAN LLC 605 THIRD AVE 36TH FL NEW YORK NY 10158 INVESTMENT MANAGER 1620678 EAGLE CAPITAL MANAGEMENT LLC 499 PARK AVE 17TH FL NEW YORK NY 10022 INVESTMENT MANAGER 1415381 BARES CAPITAL MANAGEMENT 12600 HILL COUNTRY BLVD R-230 AUSTIN TX 78738 INVESTMENT MANAGER 804518 THIRD AVENUE MANAGEMENT 622 THIRD AVE NEW YORK NY 10017 INVESTMENT MANAGER 586434 13 834270 14160548 697720 14994818 TUITION AND FEES 611600 77189627 77189627 AUXILIARY SERVICES 611710 16721546 16721546 FEES, SOURCES, AND FINE 611710 276731 276731 ALUMNI FEES 611710 249173 249173 INDIRECT COST RECOVERY 611710 55715 55715 110041 110041 94602833 14581187 -597225 15178412 20 20 888617 888617 84296 103510 -19214 -19214 -19214 618550678 41300 591929750 53860 26620928 -12560 26608368 26608368 MISCELLANEOUS REVENUE 900099 17794 17794 17794 151674423 77299668 -597225 59977162 315080 315080 41676072 41676072 6927389 6927389 2719908 293257 1741558 685093 1278675 841229 437446 48341742 43782024 2141118 2418600 4490366 3917585 346778 226003 8347363 7473345 452177 421841 3635164 3195679 249480 190005 1497408 204229 1291504 1675 111801 111801 56875 56875 6557 6557 2369034 1764441 341421 263172 226911 161692 63352 1867 8293223 7626029 136840 530354 2275882 1935468 313865 26549 16563 16563 6253334 6170303 61783 21248 3392058 2552317 274936 564805 1284607 785903 253811 244893 3008195 3008195 10669164 10291527 280999 96638 471332 471332 OFF-CAMPUS PROGRAM COST 3361399 3361399 DINING PROGRAM FOOD COS 2937148 2937148 SPECIAL PROGRAMS 344375 301840 40115 2420 UBIT -367926 -367926 2331662 2161989 83636 86037 166271361 152172035 8261251 5838075 1275493 1959421 8903796 12162561 857443 1403159 9522 12972 1208094 929220 3168329 3554693 419168137 192526644 230200781 226641493 913220977 779050299 916706093 913157717 7287814 7121902 2082838342 1945993437 25046632 30685548 1474838 1688278 97204778 89930566 5109602 4821580 6456721 5610890 135292571 132736862 X 1378974153 1281919863 458050220 415512621 110521398 115824091 1947545771 1813256575 2082838342 1945993437 X -14596938 -116343016 -3349242 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139215 6376735 X X X 0 0 1 X 1787775377 7470389 -72644504 20391636 53426581 1648783045 1829521187 8741242 8756394 18964822 40278624 1787775377 1553629299 15363250 316328638 17934254 37865746 1829521187 1383856130 1871612 222301557 16893207 37506793 1553629299 1500219483 6271106 -69353459 17424397 35856603 1383856130 0.69000 0.31000 0.00000 0 0 100 4253415 4253515 330657197 127261597 203395600 70927278 58707020 12220258 53939 13276208 6558027 6772120 226641493 16326744 F MARKETABLE ALTERNATIVES 368945594 F NON-MARKETABLE ALTERNATIVES 527739701 F OTHER INVESTMENTS 145678 F 913157717 ANNUITIES PAYABLE 5610890 5610890 X -11648649 -116343016 129616 -116213400 104564751 47109672 47109672 151674423 122640547 116070 116070 122524477 43746884 43746884 166271361 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, 2016, 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 LIFE INSURANCE 13,546. DIRECT RENTAL EXPENSES 103,510. LOSS ON DISPOSAL OF FIXED ASSETS 12,560. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 47,228,425. ALUMNI FEES 249,173. UNRELATED BUSINESS INCOME TAX -367,926. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 103,510. LOSS ON DISPOSAL OF FIXED ASSETS 12,560. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 47,228,425. ALUMNI FEES 249,173. UNRELATED BUSINESS INCOME TAX -367,926. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION -3,612,305. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 249,517. 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 15%. 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 N/A 281330 EAST ASIA & THE PACIFIC 0 0 GRANTS N/A 1903158 EUROPE 0 0 GRANTS N/A 1231210 MIDDLE EAST & NORTH AFRICA 0 0 GRANTS N/A 64390 NORTH AMERICA - CANADA AND MEXICO 0 0 GRANTS N/A 141201 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS N/A 277878 SOUTH AMERICA 0 0 GRANTS N/A 434551 SOUTH ASIA 0 0 GRANTS N/A 1352669 SUB-SAHARAN AFRICA 0 0 GRANTS N/A 1241002 CENTRAL AMERICA & CARIBBEAN 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 1735 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 142247 EUROPE 1 7 PROGRAM SERVICES ACADEMIC/EDUCATION 838646 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 10793 NORTH AMERICA - CANADA AND MEXICO 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 75097 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 2012 SOUTH AMERICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 27230 SOUTH ASIA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 16194 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 59012 CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS (BOOK VALUE) N/A 454775459 EAST ASIA & THE PACIFIC 0 0 INVESTMENTS (BOOK VALUE) N/A 51019487 EUROPE 0 0 INVESTMENTS (BOOK VALUE) N/A 64730873 NORTH AMERICA - CANADA AND MEXICO 0 0 INVESTMENTS (BOOK VALUE) N/A 11965523 SUB-SAHARAN AFRICA 0 0 INVESTMENTS (BOOK VALUE) N/A 24186591 CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS (EXPENDITURES) N/A 93296889 EAST ASIA & THE PACIFIC 0 0 INVESTMENTS (EXPENDITURES) N/A 5548046 EUROPE 0 0 INVESTMENTS (EXPENDITURES) N/A 21796183 NORTH AMERICA 0 0 INVESTMENTS (EXPENDITURES) N/A 9951111 SUB-SAHARAN AFRICA 0 0 INVESTMENTS (EXPENDITURES) N/A 14526862 0 0 1 7 1 7 5686387 754210992 759897379 SCHOLARSHIP CENTRAL AMERICA & CARIBBEAN 8 275094 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP EAST ASIA & THE PACIFIC 105 1784553 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP EUROPE 26 1163838 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP MIDDLE EAST & NORTH AFRICA 1 60885 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP NORTH AMERICA - CANADA AND MEXICO 5 131012 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 5 273578 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP SOUTH AMERICA 10 410395 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP SOUTH ASIA 45 1301347 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP SUB-SAHARAN AFRICA 25 1209570 CREDIT TO STUDENT ACCOUNT 0 N/A N/A PRIZES EAST ASIA & THE PACIFIC 6 1140 CHECK 0 N/A N/A PRIZES EUROPE 5 2095 CHECK 0 N/A N/A PRIZES MIDDLE EAST & NORTH AFRICA 2 1805 CHECK 0 N/A N/A PRIZES SOUTH ASIA 5 2550 CHECK 0 N/A N/A PRIZES SUB-SAHARAN AFRICA 1 120 CHECK 0 N/A N/A FELLOWSHIPS CENTRAL AMERICA & CARIBBEAN 3 5516 CHECK 0 N/A N/A FELLOWSHIPS EAST ASIA & THE PACIFIC 36 69203 CHECK 0 N/A N/A FELLOWSHIPS EUROPE 14 33900 CHECK 0 N/A N/A FELLOWSHIPS MIDDLE EAST & NORTH AFRICA 1 1700 CHECK 0 N/A N/A FELLOWSHIPS NORTH AMERICA - CANADA AND MEXICO 3 5100 CHECK 0 N/A N/A FELLOWSHIPS RUSSIA AND NEIGHBORING STATES 1 1700 CHECK 0 N/A N/A FELLOWSHIPS SOUTH AMERICA 3 5056 CHECK 0 N/A N/A FELLOWSHIPS SOUTH ASIA 6 15150 CHECK 0 N/A N/A FELLOWSHIPS SUB-SAHARAN AFRICA 5 7310 CHECK 0 N/A N/A INTERNSHIPS CENTRAL AMERICA & CARIBBEAN 2 720 CHECK 0 N/A N/A INTERNSHIPS EAST ASIA & THE PACIFIC 23 48262 CHECK 0 N/A N/A INTERNSHIPS EUROPE 13 31377 CHECK 0 N/A N/A INTERNSHIPS NORTH AMERICA - CANADA AND MEXICO 6 5089 CHECK 0 N/A N/A INTERNSHIPS RUSSIA AND NEIGHBORING STATES 1 2600 CHECK 0 N/A N/A INTERNSHIPS SOUTH AMERICA 5 19100 CHECK 0 N/A N/A INTERNSHIPS SOUTH ASIA 17 33622 CHECK 0 N/A N/A INTERNSHIPS SUB-SAHARAN AFRICA 7 24002 CHECK 0 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 EB CONSULTING LLCERIN BUSTIN 1027 SUMMER STREET GRINNELL IA 50112 FUNDRAISING PLAN DEVELOPMENT 0 0 56875 0 56875 AK AL AR CA CO CT FL GA HI IL KS KY MA ME MI MD MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SCHEDULE G, PART I, LINE 3: GRINNELL COLLEGE DOES NOT HAVE A FILING REQUIREMENT IN STATES NOT LISTED. 1 CITY OF GRINNELL 927 4TH AVENUE GRINNELL IA 50112 426004734 GOVT ENTITY 62600 0 N/A N/A PROPERTY REHABILITATION GRINNELL AREA ARTS COUNCIL 926 BROAD STREET GRINNELL IA 50112 421330693 501(C)(3) 8200 0 N/A N/A GENERAL SUPPORT GRINNELL AREA CHAMBER OF COMMERCE 833 4TH AVENUE GRINNELL IA 50112 420286455 501(C)(6) 17700 0 N/A N/A GENERAL SUPPORT GRINNELL REGIONAL MEDICAL CENTER 210 4TH AVENUE GRINNELL IA 50112 420933383 501(C)(3) 6782 0 N/A N/A GENERAL SUPPORT GRINNELL UNITED WAY FUND PO BOX 121 GRINNELL IA 50112 237120759 501(C)(3) 5200 0 N/A N/A GENERAL SUPPORT GRINNELL-NEWBURG COMMUNITY SCHOOLS 927 4TH AVENUE GRINNELL IA 50112 426036570 GOVT ENTITY 7496 0 N/A N/A GENERAL SUPPORT EDMUNDSON ART FOUNDATION INC 4700 GRAND AVENUE DES MOINES IA 50312 420680419 501(C)(3) 5000 0 N/A N/A GENERAL SUPPORT GALAXY INC 925 EAST STREET GRINNELL IA 50112 421515594 501(C)(3) 8000 0 N/A N/A AFTER SCHOOL AND SUMMER CARE GREATER POWESHIEK COMMUNITY FOUNDATION 1510 PENROSE STREET GRINNELL IA 50112 421298055 501(C)(3) 62034 0 N/A N/A GENERAL SUPPORT GRINNELL COMMUNITY DAY CARE 1436 PENROSE STREET GRINNELL IA 50112 420947994 501(C)(3) 5135 0 N/A N/A GENERAL SUPPORT ADHIKAAR FOR HUMAN RIGHTS AND SOCIAL JUSTICE 7107 WOODSIDE AVENUE WOODSIDE NY 11377 203384725 501(C)(3) 50000 0 N/A N/A GENERAL SUPPORT GLOBAL DISTRIBUTION FUND INC (ESSMART GLOBAL INC) 28 2ND STREET 3RD FLOOR SAN FRANCISCO CA 94105 422308947 501(C)(3) 50000 0 N/A N/A GENERAL SUPPORT 11 1 SCHOLARSHIPS 1316 40618153 0 N/A N/A PRIZES 74 70125 0 N/A N/A FELLOWSHIPS 218 521586 0 N/A N/A INTERNSHIPS 137 291208 0 N/A N/A AWARDS 7 175000 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 X 0 0 0 0 0 0 0 0 0 RAYNARD KINGTON PRESIDENT 526680 0 0 0 40417 0 134500 0 56333 0 757930 0 0 0 SCOTT WILSON CHIEF INVESTMENT OFFICER 515072 0 92250 0 30733 0 26500 0 21651 0 686206 0 0 0 KATE WALKER TREASURER 215240 0 10000 0 2205 0 23081 0 18595 0 269121 0 0 0 JOSEPH BAGNOLI VP ENROLLMENT 192416 0 10000 0 431 0 20537 0 61706 0 285090 0 0 0 SHANE JACOBSON VP DEVELOPMENT & ALUMNI RELATIONS 260282 0 5000 0 1719 0 26500 0 20112 0 313613 0 0 0 JOHN KALKBRENNER VP COLLEGE SERVICES 192611 0 0 0 1416 0 19836 0 64513 0 278376 0 0 0 MICHAEL LATHAM DEAN OF THE COLLEGE 263212 0 0 0 610 0 26500 0 20451 0 310773 0 0 0 JAMES REISCHE VP COMMUNICATIONS 159236 0 5000 0 348 0 16818 0 19667 0 201069 0 0 0 ANGELA VOOS VP STRATEGIC PLANNING & CHIEF OF STA 180310 0 10000 0 3580 0 19229 0 3370 0 216489 0 0 0 JONATHAN ANDELSON PROFESSOR OF ANTHROPOLOGY 157465 0 0 0 2804 0 16141 0 38723 0 215133 0 0 0 ANDREW CHOQUETTE DIRECTOR OF INVESTMENTS 245057 0 25000 0 472 0 26500 0 20947 0 317976 0 0 0 HENRY MOYER PROFESSOR OF POLITICAL SCIENCE 171685 0 0 0 1930 0 17502 0 10395 0 201512 0 0 0 JAMES SWARTZ PROFESSOR OF CHEMISTRY 173169 0 0 0 1584 0 17717 0 16686 0 209156 0 0 0 HENRY WALKER PROFESSOR OF COMPUTER SCIENCE 178287 0 0 0 3231 0 18132 0 15786 0 215436 0 0 0 DAVID CLAY SENIOR ADVISOR 304882 0 45882 0 12777 0 26500 0 19076 0 409117 0 0 0 DAVID LOPATTO PROFESSOR OF PSYCHOLOGY 153371 0 0 0 1288 0 15959 0 61912 0 232530 0 0 0 PAULA SMITH PROFESSOR OF ENGLISH 152992 0 0 0 3404 0 15299 0 1256 0 172951 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. THE COLLEGE HAS PURCHASED A MEMBERSHIP TO THE LOCAL COUNTRY CLUB, WHICH IS A TAXABLE BENEFIT TO THE PRESIDENT. THE VP DEVELOPMENT AND ALUMNI RELATIONS RECEIVED A MEMBERSHIP TO THE LOCAL COUNTRY CLUB, WHICH WAS A TAXABLE BENEFIT TO HIM. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 4624602Q8 2014-11-20 60381280 SEE PART VI 0 0 0 B IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460H74 2010-03-09 65994798 SEE PART VI 0 0 0 A 60381280 13196 366752 60001332 2014 0 1 1 1 B 29500000 66325255 554622 404597 13932589 51433447 2012 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00380 0.00000 0.00380 0 0 1 A 0 0 1 1 0 0 0 0 1 B 0 0 1 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/20/2015 ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/09/2012 SCHEDULE K, PART I, COLUMN F: REFUND 6-26-08 $60,000,000 BOND ISSUE SCHEDULE K, PART I, COLUMN F: REFUND 12-13-01 $50,000,000 BOND ISSUE AND FACILITIES SCHEDULE K, PART I, COLUMN E: THE DIFFERENCE FROM PART I, COLUMN E AND PART II, LINE 3 IS DUE TO INVESTMENT EARNINGS. 56497 CREDIT TO STUDENT ACCOUNT SCHOLARSHIP BARBARA BROWN FAMILY MEMBER OF DAVID LOPATTO, FORMER VP ACADEMIC AFFAIRS & DEAN 69518 WAGES & BENEFITS 0 JOHN ROMMEREIM FAMILY MEMBER OF ANGELA VOOS, VP STRATEGIC PLANNING & CHIEF OF STAFF 150085 WAGES & BENEFITS 0 PAUL TJOSSEM FAMILY MEMBER OF PAULA SMITH, FORMER VP ACADEMIC AFFAIRS & DEAN 135991 WAGES & BENEFITS 0 VINCENT WALKER FAMILY MEMBER OF KATE WALKER, VP FOR FINANCE & TREASURER 116622 WAGES & BENEFITS 0 JACOB WILLIG-ONWUACHI FAMILY MEMBER OF ANGELA ONWUACHI-WILLIG, ALUMNI COUNCIL PRESIDENT 105558 WAGES & BENEFITS 0 X 9 139215 INSURANCE VALUE X 637 ESTIMATED VALUE X 42 557768 NYSE AVERAGE HIGH/LOW X EQUIPMENT 1 100 ESTIMATED VALUE 4 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. THIS DOES NOT NECESSARILY HAPPEN ON AN ANNUAL BASIS. FORM 990, PART I, LINE 6, VOLUNTEERS: VOLUNTEERS INCLUDE INDIVIDUALS WHO ASSIST ADMISSIONS, 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, NUMBER REPORTED IN BOX 3 OF FORM 1096: THE COLLEGE FILED 481 FORM 1099S AND 1,826 FORM 1098-TS FOR A TOTAL OF 2,307. FORM 990, PART VI, SECTION A, LINE 1 A LIFE TRUSTEE WILL BE 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 SHALL HAVE THE RIGHT TO VOTE ON PROPOSED AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BY-LAWS. THE BOARD MAY FROM TIME TO TIME, DESIGNATE ANY REGULAR MEMBER WHO HAS SERVED AS SUCH FOR AT LEAST 12 YEARS A LIFE TRUSTEE. LIFE TRUSTEES WITH NO VOTING RIGHTS DURING 2016 AND THEREFORE NOT LISTED IN PART VII ARE ELIZABETH BALLANTINE, ROBERT BARR, NORDAHL BRUE, CAROLYN SWARTZ BUCKSBAUM, CAROLINE LITTLE, FRED LITTLE, JAMES LOWRY, ROBERT MUSSER, PATRICIA MEYER PAPPER, PENNY BENDER SEBRING, AND JESSE L. TERNBERG. FORM 990, PART VI, SECTION A, LINE 1 THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE OF THE BOARD WILL CONSIST OF THE CHAIR OF THE BOARD, THE VICE-CHAIRS OF THE BOARD, AND THE CHAIRS OF THE STANDING COMMITTEES OF THE BOARD, OR, IN THEIR ABSENCE, A DESIGNEE. THE CHAIR OF THE BOARD SHALL ACT AS CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE THE FOLLOWING DUTIES AND POWERS: A. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, TO HAVE AND EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE COLLEGE; PROVIDED THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO AMEND, ALTER OR REPEAL THE BY-LAWS, 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 AMEND, ALTER OR REPEAL ANY RESOLUTION OF THE BOARD; AND FURTHER PROVIDED, THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO BORROW MONEY WITHOUT THE AFFIRMATIVE VOTE OF A MAJORITY OF ITS MEMBERS. B. 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. TO ADMINISTER, AND PERFORM THE DUTIES PRESCRIBED UNDER, THE CONFLICT OF INTEREST POLICY. D. TO CONVENE AT THE CALL OF THE CHAIR OF THE BOARD 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. FORM 990, PART VI, SECTION A, LINE 2 FRED LITTLE AND CAROLINE LITTLE - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETE FORM 990 WAS MADE AVAILABLE FOR REVIEW TO THE PRESIDENT AND TREASURER PRIOR TO THE APRIL 2017 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, FORMER 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, VICE-PRESIDENT FOR COLLEGE SERVICES (ASSISTANT VP 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, 2016. 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.) AVAILABLE TO THE PUBLIC VIA ITS WEBSITE -WWW.GRINNELL.EDU. FORM 990, PART XI, LINE 9: CHANGE IN THE VALUE OF SPLIT-INTEREST AGREEMENTS 249,517. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 13,546. CHANGE IN ACCUMULATED POST RETIREMENT OBLIGATION -3,612,305. GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST 733 BROAD STREET GRINNELL IA 501121690 451371997 HEALTH INSURANCE FOR EMPLOYEES AND RETIREES 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 507 338311 0 0 0.59100 POWESHIEK PETROLEUM CORPORATION 733 BROAD STREET GRINNELL IA 50112 730646866 OIL & GAS PRODUCTION IL TRUSTEES OF GRINNELL COLLEGE C 15435 34322 1.00000 1 CHARITABLE REMAINDER UNITRUSTS (2) TRUST CA TRUSTEES OF GRINNELL COLLEGE T 1 CHARITABLE REMAINDER UNITRUSTS (20) TRUST IA TRUSTEES OF GRINNELL COLLEGE T 1 CHARITABLE REMAINDER UNITRUSTS (1) TRUST IL TRUSTEES OF GRINNELL COLLEGE T 1 CHARITABLE REMAINDER UNITRUSTS (1) TRUST MN TRUSTEES OF GRINNELL COLLEGE T 1 CHARITABLE REMAINDER UNITRUSTS (1) TRUST MO TRUSTEES OF GRINNELL COLLEGE T 1 CHARITABLE REMAINDER UNITRUSTS (1) TRUST AZ TRUSTEES OF GRINNELL COLLEGE T 1 CHARITABLE REMAINDER ANNUITY TRUSTS (2) TRUST IA TRUSTEES OF GRINNELL COLLEGE T 1 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 8099954 CASH TRANSFERRED