2014-03-14T11:18:07-05:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2012-07-01 420680387 TRUSTEES OF GRINNELL COLLEGE TRUS 6412699700 733 BROAD STREET GRINNELL IA 501121690 KATE WALKER 6412699700 2014-03-05 1 XIAOYAN LUO P01305207 6123764500 2012 2015-11-30 17:44:51Z GRINNELL COLLEGE KATE WALKER 733 BROAD STREET GRINNELL IA 501121690 664549271 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 25 2647 1065 1483314 991277 13032507 7847051 79768487 80329788 53955568 103773679 3580106 5355353 150336668 197305871 42605816 41824037 0 0 57445722 61908190 0 0 4609877 39953183 42637283 140004721 146369510 10331947 50936361 1699622289 1863371033 168740121 164722637 1530882168 1698648396 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 78797081 40727645 65542880 INSTRUCTIONAL PROGRAMS INCLUDE HUMANITIES, SCIENCES, SOCIAL STUDIES AND SPECIAL PROGRAMS INCLUDING INTERNATIONAL EDUCATION. THE SIX-YEAR GRADUATION RATE IS 88% WITH 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 INTENSIVE MENTORING OF STUDENTS BY THE FACULTY. THIS MENTORING BEGINS IN THE FIRST-YEAR TUTORIAL, THE ONLY REQUIRED COURSE AT GRINNELL COLLEGE. WHILE FACULTY MEMBERS FROM ALL ACADEMIC DEPARTMENTS TEACH THE TUTORIAL AND THEIR TOPICS VARY WIDELY, EVERY TUTORIAL EMPHASIZES WRITING, CRITICAL THINKING AND ANALYSIS, ORAL DISCUSSION SKILLS, AND INFORMATION LITERACY. EACH TUTOR ALSO SERVES AS ADVISER TO THE TUTORIAL STUDENTS UNTIL THEY DECLARE A MAJOR FIELD OF STUDY. THUS, STUDENTS RECEIVE 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 KEEPING WITH THE MENTORING APPROACH, 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 THE 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 CAREER DEVELOPMENT OFFICE 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.ABOVE ALL, GRINNELL COLLEGE ENTRUSTS STUDENTS WITH AN UNCOMMON LEVEL OF RESPONSIBILITY FOR THEIR OWN COLLEGE EXPERIENCE. JUST AS SELF-GOVERNANCE IS CENTRAL TO RESIDENTIAL LIFE AT THE COLLEGE, THE RESPONSIBILITY OF EACH STUDENT TO CHOOSE A UNIQUE SET OF COURSES IS CENTRAL TO THE WAY GRINNELL ORGANIZES ITS CURRICULUM. STUDENTS EXERCISE THIS RESPONSIBILITY NOT IN ISOLATION, BUT WITH THE ACTIVE GUIDANCE OF THEIR FACULTY ADVISERS AND OTHER FACULTY MENTORS.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. 20057218 376353 402745 STUDENT SERVICES INCLUDES REGISTRATION, COUNSELING, ADMISSION AND FINANCIAL AID, HEALTH SERVICES, INTERCOLLEGIATE ATHLETICS, LECTURES, CONVOCATIONS AND OTHER STUDENT PROGRAMS. 19860098 720039 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. 15470896 0 14384163 OTHER PROGRAM SERVICES INCLUDE AUXILIARY ENTERPRISES SUCH AS HOUSING AND FOOD SERVICES. 15470896 14384163 134185293 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 1 0 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 0 0 1 X 2254 0 1 2647 1 1 1 1 UK 0 0 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X X KATE WALKER 6412699700 733 BROAD STREET GRINNELL IA 501121690 TRISH FITZGIBBONS ANDERSON 2.00 0.00 X X 0 0 0 ROBERT AUSTIN 1.00 0.00 X 0 0 0 DAVID BRAMAN 1.00 0.00 X 0 0 0 JOHN EGAN 1.00 0.00 X 0 0 0 LAURA FERGUSON 2.00 0.00 X X 0 0 0 PATRICIA FINKELMAN 2.00 0.00 X 0 0 0 SHELLEY FLOYD 1.00 0.00 X 0 0 0 HAROLD FUSON JR 1.00 0.00 X 0 0 0 ATUL GUPTA 1.00 0.00 X 0 0 0 I CRAIG HENDERSON 2.00 0.00 X 0 0 0 STEVE HOLTZE 1.00 0.00 X 0 0 0 KIHWAN KIM 1.00 0.00 X 0 0 0 CLINTON KORVER 2.00 0.00 X X 0 0 0 SYLVIA KWAN 2.00 0.00 X 0 0 0 PAUL MCCULLEY 1.00 0.00 X 0 0 0 SUSAN HOLDEN MCCURRY 1.00 0.00 X 0 0 0 PAUL RISSER 2.00 0.00 X X 0 0 0 KAREN SHAFF 2.00 0.00 X 0 0 0 M ANNE SPENCE 2.00 0.00 X 0 0 0 JOEL SPIEGEL 1.00 0.00 X 0 0 0 BARRETT THOMAS 1.00 0.00 X 0 0 0 MATTHEW WELCH 0.00 0.00 X 0 0 0 ERIC WHITAKER 1.00 0.00 X 0 0 0 DAVID WHITE 1.00 0.00 X 0 0 0 HENRY WINGATE 1.00 0.00 X 0 0 0 J ROBERT BARR 1.00 0.00 X 0 0 0 NORDAHL BRUE 1.00 0.00 X 0 0 0 TODD LINDEN 1.00 0.00 X 0 0 0 JAMES LOWRY 1.00 0.00 X 0 0 0 RANDALL MORGAN JR 1.00 0.00 X 0 0 0 ROBERT MUSSER 1.00 0.00 X 0 0 0 JOHN PRICE 2.00 0.00 X 0 0 0 RONALD SANDLER 1.00 0.00 X 0 0 0 DONALD STEWART 1.00 0.00 X 0 0 0 RAYNARD KINGTON 60.00 0.00 X 506061 0 83128 DAVID CLAY 60.00 0.00 X 597985 0 41579 KAREN VOSS 60.00 0.00 X 238685 0 41589 SUSAN SCHOEN 50.00 0.00 X 92799 0 24280 ELIZABETH HALLORAN 50.00 0.00 X 276535 0 34040 PAULA SMITH 60.00 0.00 X 224280 0 42515 JOHN KALKBRENNER 50.00 0.00 X 178928 0 72974 ANGELA VOOS 50.00 0.00 X 153302 0 18206 JAMES REISCHE 50.00 0.00 X 153002 0 34124 JOSEPH BAGNOLI 50.00 0.00 X 152710 0 30300 SCOTT WILSON 50.00 0.00 X 255977 0 43595 JOHN MUTTI 50.00 0.00 X 200251 0 35493 HOUSTON DOUGHARTY 50.00 0.00 X 149515 0 70510 HENRY WALKER 50.00 0.00 X 148395 0 29687 JAMES MULHOLLAND 50.00 0.00 X 145858 0 51371 JAMES SWARTZ 50.00 0.00 X 170962 0 32076 3645245 0 685467 53 1 1 0 SOUTHEASTERN ASSET MANAGEMENT 6410 POPLAR AVENUE MEMPHIS TN 38119 INVESTMENT MANAGER 2358931 NEUBERGER BERMAN LLC 605 THIRD AVENUE 36TH FLOOR NEW YORK NY 10158 INVESTMENT MANAGER 1441522 THIRD AVENUE MANAGEMENT LLC 622 THIRD AVENUE NEW YORK NY 10017 INVESTMENT MANAGER 885819 EAGLE CAPITAL MANAGEMENT LLC 499 PARK AVENUE 17TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGER 854176 THE NORTHERN TRUST COMPANY 50 S LASALLE STREET CHICAGO IL 60603 INVESTMENT CUSTODIAN 487297 13 879472 6967579 466788 7847051 TUITION AND FEES 611600 65439201 65439201 AUXILIARY SERVICES 611710 14187916 14187916 FEES, SOURCES AND FINES 611710 402745 402745 ALUMNI FEES 611710 196247 196247 INDIRECT COST RECOVERY 611710 68805 68805 34874 34874 80329788 48518114 1483314 47034800 17 17 5366899 5366899 73254 111530 -38276 -38276 -38276 522360626 26792 467103437 28433 55257189 -1641 55255548 55255548 OTHER 900099 26730 26730 26730 197305871 65474075 1483314 122501431 439470 439470 35574864 35574864 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41466404 146369510 PART III, LINE 4: 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013, 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. THE COLLEGE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LIFE INSURANCE 20,385. RENTAL EXPENSES 111,530. LOSS ON DISPOSAL OF FIXED ASSETS 1,641. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 40,348,670. ALUMNI FEES 196,247. UNRELATED BUSINESS INCOME TAX 368,249. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 111,530. LOSS ON DISPOSAL OF FIXED ASSETS 1,641. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS 40,348,670. ALUMNI FEES 196,247. UNRELATED BUSINESS INCOME TAX 368,249. CHANGE IN VALUE OF POST RETIREMENT BENEFIT OBLIGATION 1,595,720. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -1,042,482. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 22% OF THE STUDENT BODY; INTERNATIONAL STUDENTS 13%. THE COLLEGE'S NONDISCRIMINATIONS STATEMENTS ARE INCLUDED IN THE ACADEMIC COURSE CATALOG, AVAILABLE IN PRINT AS WELL AS ON THE COLLEGE'S WEBSITE (WWW.GRINNELL.EDU). EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FINANCIAL AID IS RECEIVED FOR PELL GRANTS, SEOG, PERKINS LOANS, WORK STUDY AND OTHER GRANTS FOR STUDENTS. THE COLLEGE ALSO RECEIVES FUNDS FOR NSF GRANTS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS 445952 EAST ASIA AND THE PACIFIC 0 0 GRANTS 1459355 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS 1292541 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS 363522 NORTH AMERICA 0 0 GRANTS 194696 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 GRANTS 124866 SOUTH AMERICA 0 0 GRANTS 260164 SOUTH ASIA 0 0 GRANTS 748167 SUB-SAHARAN AFRICA 0 0 GRANTS 920440 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 28942 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 136442 EUROPE (INCLUDING ICELAND & GREENLAND) 1 9 PROGRAM SERVICES ACADEMIC/EDUCATION 534633 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 9653 NORTH AMERICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 15441 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 11540 SOUTH AMERICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 6375 SOUTH ASIA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 22793 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ACADEMIC/EDUCATION 83275 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS (BOOK VALUE) 273023844 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS (BOOK VALUE) 35415695 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS (BOOK VALUE) 127447367 NORTH AMERICA 0 0 INVESTMENTS (BOOK VALUE) 17164451 SOUTH AMERICA 0 0 INVESTMENTS (BOOK VALUE) 14219594 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS (EXPENDITURES) 63100980 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS (EXPENDITURES) 14207704 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS (EXPENDITURES) 31480302 NORTH AMERICA 0 0 INVESTMENTS (EXPENDITURES) 1900157 0 0 1 9 1 9 4889263 579729628 584618891 SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 14 429902 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP EAST ASIA AND THE PACIFIC 57 1407925 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 30 1255911 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 9 353225 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP NORTH AMERICA 7 186934 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP RUSSIA & THE NEWLY INDEPENDENT STATES 3 123096 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP SOUTH AMERICA 9 254814 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP SOUTH ASIA 24 735348 CREDIT TO STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIP SUB-SAHARAN AFRICA 21 900215 CREDIT TO STUDENT ACCOUNT 0 N/A N/A PRIZES EAST ASIA AND THE PACIFIC 4 3500 CHECK 0 N/A N/A PRIZES MIDDLE EAST AND NORTH AFRICA 1 61 CHECK 0 N/A N/A PRIZES NORTH AMERICA 1 700 CHECK 0 N/A N/A PRIZES SOUTH ASIA 2 111 CHECK 0 N/A N/A PRIZES SUB-SAHARAN AFRICA 1 350 CHECK 0 N/A N/A FELLOWSHIPS CENTRAL AMERICA AND THE CARIBBEAN 3 7000 CHECK 0 N/A N/A FELLOWSHIPS EAST ASIA AND THE PACIFIC 9 20300 CHECK 0 N/A N/A FELLOWSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 12 20400 CHECK 0 N/A N/A FELLOWSHIPS MIDDLE EAST AND NORTH AFRICA 1 2800 CHECK 0 N/A N/A FELLOWSHIPS NORTH AMERICA 2 3400 CHECK 0 N/A N/A FELLOWSHIPS SOUTH AMERICA 2 3350 CHECK 0 N/A N/A FELLOWSHIPS SOUTH ASIA 3 5100 CHECK 0 N/A N/A FELLOWSHIPS SUB-SAHARAN AFRICA 4 11995 CHECK 0 N/A N/A INTERNSHIPS CENTRAL AMERICA AND THE CARIBBEAN 3 9050 CHECK 0 N/A N/A INTERNSHIPS EAST ASIA AND THE PACIFIC 12 27630 CHECK 0 N/A N/A INTERNSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 6 16230 CHECK 0 N/A N/A INTERNSHIPS MIDDLE EAST AND NORTH AFRICA 2 7436 CHECK 0 N/A N/A INTERNSHIPS NORTH AMERICA 1 3662 CHECK 0 N/A N/A INTERNSHIPS RUSSIA & THE NEWLY INDEPENDENT STATES 2 1770 CHECK 0 N/A N/A INTERNSHIPS SOUTH AMERICA 1 2000 CHECK 0 N/A N/A INTERNSHIPS SOUTH ASIA 3 7608 CHECK 0 N/A N/A INTERNSHIPS SUB-SAHARAN AFRICA 2 7880 CHECK 0 N/A N/A 1 0 1 1 1 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, 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. 1 GRINNELL REGIONAL MEDICAL CENTER 210 4TH AVENUE GRINNELL IA 50112 420933383 501(C)(3) 153200 0 N/A N/A GENERAL SUPPORT SUSTAINABLE HEALTH ENTERPRISES 175 VARICK STREET NEW YORK CITY NY 10014 300502122 501(C)(3) 100000 0 N/A N/A GENERAL SUPPORT ASYLUM ACCESS 1611 TELEGRAPH AVENUE OAKLAND CA 94612 203642040 501(C)(3) 100000 0 N/A N/A GENERAL SUPPORT GRINNELL AREA CHAMBER OF COMMERCE 833 4TH AVENUE GRINNELL IA 50112 420286455 501(C)(6) 15100 0 N/A N/A GROWTH COLLABORATIVE AND GENERAL SUPPORT GRINNELL AREA ARTS COUNCIL 926 BROAD STREET GRINNELL IA 50112 421130693 501(C)(3) 9708 0 N/A N/A GENERAL SUPPORT AND CAPITAL GREATER POWESHIEK COMMUNITY FOUNDATION 1510 PENROSE STREET GRINNELL IA 50112 421298055 501(C)(3) 6871 0 N/A N/A GENERAL SUPPORT GRINNELL COMMUNITY DAYCARE & PRESCHOOL 1436 PENROSE STREET GRINNELL IA 50112 420947994 501(C)(3) 6600 0 N/A N/A GENERAL SUPPORT AND SUMMER CAMP HEART OF IOWA BIG BROTHERS 811 E MAIN STREET MARSHALLTOWN IA 50158 237288089 501(C)(3) 5712 0 N/A N/A GENERAL SUPPORT GRINNELL-NEWBURG COMMUNITY SCHOOL DISTRICT 927 4TH AVENUE GRINNELL IA 50112 426036570 GOVT ENTITY 5002 0 N/A N/A GENERAL SUPPORT 8 1 SCHOLARSHIPS 1257 34628170 0 N/A N/A PRIZES 118 69037 0 N/A N/A FELLOWSHIPS 335 589412 0 N/A N/A INTERNSHIPS 93 238245 0 N/A N/A AWARDS 2 50000 0 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 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 FACULTY, STUDENT BODY, ALUMNI, STAFF AND TRUSTEES, PLUS PROMINENT INDIVIDUALS NOT FORMALLY AFFILIATED WITH GRINNELL COLLEGE. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 RAYNARD KINGTON 462565 0 0 0 43496 0 25000 0 58128 0 589189 0 0 0 DAVID CLAY 567772 0 0 0 30213 0 25000 0 16579 0 639564 0 0 0 KAREN VOSS 236434 0 0 0 2251 0 24216 0 17373 0 280274 0 0 0 ELIZABETH HALLORAN 268775 0 0 0 7760 0 25000 0 9040 0 310575 0 0 0 PAULA SMITH 221500 0 0 0 2780 0 22150 0 20365 0 266795 0 0 0 JOHN KALKBRENNER 178308 0 0 0 620 0 18300 0 54674 0 251902 0 0 0 ANGELA VOOS 150678 0 0 0 2624 0 15250 0 2956 0 171508 0 0 0 JAMES REISCHE 146819 0 0 0 6183 0 15150 0 18974 0 187126 0 0 0 JOSEPH BAGNOLI 144819 0 4000 0 3891 0 15279 0 15021 0 183010 0 0 0 SCOTT WILSON 255642 0 0 0 335 0 25000 0 18595 0 299572 0 0 0 JOHN MUTTI 196428 0 0 0 3823 0 20037 0 15456 0 235744 0 0 0 HOUSTON DOUGHARTY 148958 0 0 0 557 0 15525 0 54985 0 220025 0 0 0 HENRY WALKER 145735 0 0 0 2660 0 14936 0 14751 0 178082 0 0 0 JAMES MULHOLLAND 143520 0 0 0 2338 0 14352 0 37019 0 197229 0 0 0 JAMES SWARTZ 169517 0 0 0 1445 0 17320 0 14756 0 203038 0 0 0 PART I, LINE 1A THE PRESIDENT'S SPOUSE HAS OCCASIONALLY TRAVELED WITH THE PRESIDENT TO PERFORM COLLEGE BUSINESS. THIS IS NOT TREATED AS A TAXABLE BENEFIT TO THE PRESIDENT. 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. A IOWA HIGHER EDUCATION LOAN AUTHORITY 421235696 462460E69 2008-06-26 60000000 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 61414112 935956 378597 60099559 2010 0 0 1 1 B 11800000 66325255 554622 404597 13371706 51433447 560883 2012 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00420 0.00000 0.00420 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 0 0 0 0 1 A 1 B 1 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/26/2010 ISSUER NAME: IOWA HIGHER EDUCATION LOAN AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/09/2012 SCHEDULE K, PART I, COLUMN F: DESCRIPTION OF PURPOSE FACILITIES CONSTRUCTION AND IMPROVEMENTS SCHEDULE K, PART I, COLUMN F: DESCRIPTION OF PURPOSE REFUND 12-13-01 $50,000,000 BOND ISSUE AND FACILITIES SCHEDULE K, PART II, LINE 3: THE DIFFERENCE FROM PART I (E) IS DUE TO INVESTMENT EARNINGS. SCHOLARSHIPGRANT 66665 CREDIT TO STUDENT ACCOUNT SCHOLARSHIP INTERNSHIP 4125 CHECK INTERNSHIP STIPEND PAUL TJOSSEM FAMILY MEMBER 116172 WAGES & BENEFITS 0 JOHN ROMMEREIM FAMILY MEMBER 124464 WAGES & BENEFITS 0 X 7 37150 ART INSURANCE VALUE X 44 384638 NYSE AVERAGE HIGH/LOW X EQUIPMENT 1 45000 ESTIMATED VALUE 3 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): REPRESENTS THE NUMBER OF CONTRIBUTIONS. SCHEDULE M, PART I, LINE 31: GIFTS THAT FIT THE DEFINITION OF NON-STANDARD ARE NOT ACCEPTED BY THE COLLEGE. FORM 990, PART I, LINE 6: EXPLANATION OF VOLUNTEERS VOLUNTEERS INCLUDE INDIVIDUALS WHO ASSIST ADMISSIONS, CENTER FOR CAREERS, LIFE AND SERVICE, ALUMNI COUNCIL AND OTHER COMMUNITY VOLUNTEERS. ORGANIZATION MISSION STATEMENT 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. NUMBER REPORTED IN BOX 3 OF FORM 1096 FORM 990, PART V, LINE 1A: THE COLLEGE FILED 398 1099'S AND 1856 1098-T'S FOR A TOTAL OF 2,254. 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 2013 AND THEREFORE NOT LISTED IN PART VII ARE ELIZABETH BALLANTINE, RICHARD W. BOOTH, CAROLYN SWARTZ BUCKSBAUM, ROBERT A. BURNETT, THOMAS CECH, VERNON E. FAULCONER, RONALD T. GAULT, CAROLINE LITTLE, FRED LITTLE, GREG NARBER, 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 ALL TRUSTEES, THE PRESIDENT AND TREASURER PRIOR TO THE FEBRUARY 2014 TRUSTEE MEETING. THE FORM 990 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 COMMITEE 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 IN JULY OF EACH YEAR 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 CONFLICT 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, TREASURER, VICE-PRESIDENT FOR STRATEGIC PLANNING, VICE-PRESIDENT FOR ENROLLMENT, VICE-PRESIDENT FOR STUDENT AFFAIRS, VICE-PRESIDENT FOR COLLEGE SERVICES,VICE-PRESIDENT FOR DEVELOPMENT AND ALUMNI RELATIONS, SECRETARY, DEAN OF THE COLLEGE, FORMER DEAN OF THE COLLEGE, CONTROLLER & ASSISTANT TREASURER, DIRECTOR OF COMPENSATION & ASSISTANT TREASURER, DIRECTOR OF INVESTMENTS, DIRECTOR OF STUDENT FINANCIAL AID AND DIRECTOR OF FACILITIES MANAGEMENT. THE LAST REVIEW WAS CONDUCTED FOR COMPENSATION EFFECTIVE JULY 1, 2013. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE ON THE GRINNELL COLLEGE WEBSITE. FORM 990T 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN ACCUMULATED POST RETIREMENT OBLIGATION 1,595,720. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,042,482. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 20,385. 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 N/A 1 RED ROCK VENTURES III LP 530 LYTTON AVENUE 2ND FLOOR PALO ALTO CA 94301 770549159 VENTURE CAPITAL DE N/A INVESTMENT 552267 591303 0 0 0.59100 POWESHIEK PETROLEUM CORPORATION 733 BROAD STREET GRINNELL IA 50112 730646866 OIL & GAS PRODUCTION IL N/A C 29671 17090 1.00000 0 CHARITABLE REMAINDER UNITRUSTS (1) TRUST CA N/A T 0 CHARITABLE REMAINDER UNITRUSTS (23) TRUST IA N/A T 0 CHARITABLE REMAINDER UNITRUSTS (1) TRUST IL N/A T 0 CHARITABLE REMAINDER UNITRUSTS (1) TRUST MN N/A T 0 CHARITABLE REMAINDER UNITRUSTS (1) TRUST MO N/A T 0 CHARITABLE REMAINDER UNITRUSTS (1) TRUST TX N/A T 0 CHARITABLE REMAINDER ANNUITY TRUSTS (2) TRUST IA N/A T 0 CHARITABLE REMAINDER ANNUITY TRUSTS (1) TRUST TX N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 GRINNELL COLLEGE MEDICAL BENEFIT PLAN TRUST Q 6992181 CASH TRANSFERRED