HERBERT H & GRACE A DOW FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: HERBERT H & GRACE A DOW FOUNDATION (EIN 38-1437485)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-14
IRS object ID: 202433199349100643
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Depreciation Schedule
Gain Loss Sale Other Assets Sch
Investments Corp Stock Schedule
Investments Other Schedule2
Land Etc Schedule2
Legal Fees Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Liabilities Schedule
Other Professional Fees Schedule
Sales Of Inventory List
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-14T10:35:33-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	383133790	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ANDREWS HOOPER PAVLIK PLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	5915 EASTMAN AVE STE 100	AddressLine1Txt
City	MIDLAND	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	486406824	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	381437485	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE HERBERT H & GRACE A DOW	BusinessNameLine1Txt
Business Name Line2	FOUNDATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	HERB	BusinessNameControlTxt
Phone	9896313699	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1018 WEST MAIN STREET	AddressLine1Txt
City	MIDLAND	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48640	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	FRANCINE PADGETT	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	9896313699	PhoneNum
Signature	2024-11-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KELLIE M BOS	PreparerPersonNm
PTIN	P00448161	PTIN
Phone	9898357721	PhoneNum
Preparation	2024-11-13	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$621,175,059	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$2,375	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$101,826	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$101,826	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$9,633,058	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$9,633,058	DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss	$2,241	GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm	$2,241	GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss	$2,241	NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss	$21,559,110	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$177,044,052	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$21,559,110	CapGainNetIncmNetInvstIncmAmt
Gross Sales Less Ret And Allwnc	$585,375	GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold	$296,153	CostOfGoodsSoldAmt
Gross Profit Rev And Expnss	$289,222	GrossProfitRevAndExpnssAmt
Gross Profit Adj Net Incm	$289,222	GrossProfitAdjNetIncmAmt
Other Income Rev And Expnss	$9,346,522	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$7,823,572	OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm	$1,522,950	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$40,934,354	TotalRevAndExpnssAmt
Total Net Invst Incm	$39,119,807	TotalNetInvstIncmAmt
Total Adj Net Incm	$1,812,172	TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$516,880	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$206,567	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm	$6,853	CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$303,460	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$2,502,762	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Adj Net Incm	$1,330,482	OthEmplSlrsWgsAdjNetIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$1,172,280	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$851,906	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$29,497	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Adj Net Incm	$58,332	PensionEmplBnftAdjNetIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$764,163	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$76,819	LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl	$76,439	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$50,125	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$25,063	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$25,063	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$667,650	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$203,476	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm	$352,598	OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl	$97,119	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$1,470,735	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$986	TaxesNetInvstIncmAmt
Taxes Adj Net Incm	$273	TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl	$4,818	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$2,304,663	DeprecAndDpltnRevAndExpnssAmt
Occupancy Rev And Expnss	$683,682	OccupancyRevAndExpnssAmt
Occupancy Adj Net Incm	$28,851	OccupancyAdjNetIncmAmt
Occupancy Dsbrs Chrtbl	$651,595	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$74,316	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$24,354	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm	$29	TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$50,442	TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss	$42,779	PrintingAndPubRevAndExpnssAmt
Printing And Pub Dsbrs Chrtbl	$42,779	PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss	$12,414,308	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$9,961	OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm	$13,193	OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl	$755,174	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$21,656,625	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$499,904	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$1,790,611	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$3,943,332	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$23,488,330	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$19,968,632	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$45,144,955	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$499,904	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$1,790,611	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$23,911,964	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$4,210,601	ExcessRevenueOverExpensesAmt
Net Investment Income	$38,619,903	NetInvestmentIncomeAmt
Adjusted Net Income	$21,561	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$359,836	CashBOYAmt
Cash EOY	$470,675	CashEOYAmt
Cash EOYFMV	$470,675	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$5,373,027	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$6,774,754	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$6,774,754	SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl	$4,432	AcctRcvblAmt
Acct Rcvbl BOY	$13,572	AcctRcvblBOYAmt
Acct Rcvbl EOY	$4,432	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$4,432	AcctRcvblEOYFMVAmt
Inventories BOY	$51,914	InventoriesBOYAmt
Inventories EOY	$55,698	InventoriesEOYAmt
Inventories EOYFMV	$55,698	InventoriesEOYFMVAmt
Prepaid Expenses BOY	$62,550	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$38,788	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$38,788	PrepaidExpensesEOYFMVAmt
Corporate Stock BOY	$72,105,114	CorporateStockBOYAmt
Corporate Stock EOY	$45,701,237	CorporateStockEOYAmt
Corporate Stock EOYFMV	$45,701,237	CorporateStockEOYFMVAmt
Other Investments BOY	$472,209,238	OtherInvestmentsBOYAmt
Other Investments EOY	$538,267,533	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$538,267,533	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$49,396,737	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$19,534,795	LandBldgEquipAccumDeprecAmt
Land BOY	$33,324,611	LandBOYAmt
Land EOY	$29,861,942	LandEOYAmt
Land EOYFMV	$29,861,942	LandEOYFMVAmt
Total Assets BOY	$583,499,862	TotalAssetsBOYAmt
Total Assets EOY	$621,175,059	TotalAssetsEOYAmt
Total Assets EOYFMV	$621,175,059	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$153,089	AccountsPayableBOYAmt
Accounts Payable EOY	$161,023	AccountsPayableEOYAmt
Grants Payable BOY	$19,345,302	GrantsPayableBOYAmt
Grants Payable EOY	$22,865,000	GrantsPayableEOYAmt
Other Liabilities BOY	$1,234,188	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$1,459,713	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$20,732,579	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$24,485,736	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$562,767,283	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$596,689,310	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$562,767,283	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$596,689,310	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$583,499,862	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$621,175,046	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$562,767,283	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$4,210,601	ExcessRevenueOverExpensesAmt
Other Increases	$38,132,628	OtherIncreasesAmt
Subtotal	$596,689,310	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$596,689,310	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIES	P	$176,503,464	$155,484,942	$21,018,522	$21,018,522
OPTION INCOME - PUBLICLY TRADED SEC	P	$540,588		$540,588	$540,588

Field	Value	IRS element (for citing)
Capital Gain Net Income	$21,559,110	CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss	$21,559,110	NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$536,817	InvestmentIncomeExciseTaxAmt
Subtotal	$536,817	SubtotalAmt
Tax Based On Investment Income	$536,817	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$709,111	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$709,111	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$923	EsPenaltyAmt
Overpayment	$171,371	OverpaymentAmt
Applied To ES Tax	$171,371	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	MI	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	WWW.HHGADOWFDN.ORG	WebsiteAddressTxt
Individual With Books	FRANCINE PADGETT	IndividualWithBooksNm
Phone	9896313699	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1018 W MAIN ST	AddressLine1Txt
City	MIDLAND	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48640	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (true)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (15 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
RUTH A DOAN
1018 W MAIN ST	MIDLAND	MI	48640	PRESIDENT	10.00	$0	$0	$35,000
MICHAEL LLOYD DOAN
1018 W MAIN ST	MIDLAND	MI	48640	VICE PRESIDE	8.00	$0	$0	$0
WILLARD MOTT
1018 W MAIN ST	MIDLAND	MI	48640	TREASURER	8.00	$0	$0	$0
DIANE DOW HULLET
1018 W MAIN ST	MIDLAND	MI	48640	SECRETARY	4.00	$0	$0	$0
JENEE VELASQUEZ
1018 W MAIN ST	MIDLAND	MI	48640	EXECUTIVE DI	60.00	$348,480	$43,530	$0
SUZANNA MCCUAN
1018 W MAIN ST	MIDLAND	MI	48640	GOV. CHAIR/T	8.00	$0	$0	$0
MACAULEY WHITING JR
1018 W MAIN ST	MIDLAND	MI	48640	TRUSTEE	2.00	$0	$0	$0
STEPHEN CARRAS
1018 W MAIN ST	MIDLAND	MI	48640	TRUSTEE	2.00	$0	$0	$0
BONNIE BUCHANAN MATHESON
1018 W MAIN ST	MIDLAND	MI	48640	TRUSTEE	2.00	$0	$0	$0
ALDEN LEE HANSON
1018 W MAIN ST	MIDLAND	MI	48640	TRUSTEE	2.00	$0	$0	$0
JAMES FITTERLING
1018 W MAIN ST	MIDLAND	MI	48640	TRUSTEE	2.00	$0	$0	$0
LILLA YM OHRSTROM
1018 W MAIN ST	MIDLAND	MI	48640	TRUSTEE	2.00	$0	$0	$0
SARAH OPPERMAN
1018 MAIN STREET	MIDLAND	MI	48640	TRUSTEE	2.00	$0	$0	$0
STEPHANIE SCHEETS
1018 MAIN STREET	MIDLAND	MI	48640	TRUSTEE	2.00	$0	$0	$0
FRANCINE PADGETT
1018 W MAIN ST	MIDLAND	MI	48640	CFO	60.00	$168,400	$3,721	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee BenefitsEmployeeBenefitsAmt
ELIZABETH LUMBERT
1018 W MAIN ST	MIDLAND	MI	48640	GARDENS DIRE	40.00	$190,557	$35,972
SCOTT SCHULTHEIS
1018 W MAIN ST	MIDLAND	MI	48640	HORTICULTURI	40.00	$93,000	$35,597
MATTHEW GERHARDT
1018 W MAIN ST	MIDLAND	MI	48640	HUMAN RESOUR	40.00	$88,990	$24,756
ABIGAIL CLAERHOUT
1018 W MAIN ST	MIDLAND	MI	48640	HORTICULTURI	40.00	$69,865	$27,603
MICHELLE HOLMES
1018 W MAIN ST	MIDLAND	MI	48640	GIFT SHOP MA	40.00	$65,500	$24,547

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	20	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Business Name Line2BusinessName/BusinessNameLine2Txt	Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
SMALL BUSINESS ASSOCIATION
OF MICHIGAN	120 N WASHINGTON SQ STE 1000	LANSING	MI	48933	HEALTH INSUR	$320,758
SYM FINANCIAL ADVISORS
	414 TOWNSEND ST	MIDLAND	MI	48640	FINANCIAL	$259,938
GOLDMAN SACHS
	200 WEST STREET	NEW YORK	NY	10282	FINANCIAL	$167,916
STT INC
	1600 NORTH MISSION ST	MT PLEASANT	MI	48858	SECURITY	$89,915
WTA ARCHITECTS
	100 S JEFFERSON AVE STE 601	SAGINAW	MI	48607	ARCHITECTURE	$74,901

Field	Value	IRS element (for citing)
Contractor Paid Over50k	5	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	ESTABLISHED IN 1899, AS A HOME FOR HERBERT H. AND GRACE A. DOW AND FAMILY, DOW GARDENS TYPICALLY WELCOMES 215,000 GUESTS PER YEAR. EXPERIENCE A 110-ACRE DISPLAY OF ANNUALS AND PERRENIALS PUNCTUATED BY DISTINCTIVE BRIDGES, AN AWARD-WINNING CHILDRENS GARDEN, TOWERING PINES, DELIGHTFUL WATER FEATURES, AND ONE OF THE NATIONS LONGEST CANOPY WALKS WHICH TAKES GUESTS FOUR STORIES HIGH INTO THE TREE TOPS. VISITORS ARE INVITED TO LEAVE THE PATHWAY AND EXPLORE THE UNIQUELY-DESIGNED LANDSCAPE, TAKE A TOUR OF THE HISTORIC PINES HOME, PARTICIPATE IN ONE OF THE MANY HANDS-ON EDUCATIONAL PROGRAMS, AND DISCOVER BEAUTIFUL ART AND MUSIC IN A RELAXED SETTING. DOW GARDENS IS COMPRISED ON AN ESTATE GARDEN, HISTORIC HOME, AND THRIVING FOREST. DOW GARDENS IS A SIGNATURE GIFT OF THE HERBERT H. AND GRACE A. DOW FOUNDATION.	Description1Txt
Expenses1	$4,146,955	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$319,817,099	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$6,994,318	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$283,234,748	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$610,046,165	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$610,046,165	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$9,150,692	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$600,895,473	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$30,044,774	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$30,044,774	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$536,817	TaxBasedOnInvestmentIncomeAmt
Total Tax	$536,817	TotalTaxAmt
Distributable Before Adj	$29,507,957	DistributableBeforeAdjAmt
Distributable Before Ded	$29,507,957	DistributableBeforeDedAmt
Distributable As Adjusted	$29,507,957	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$23,911,964	ExpensesAndContributionsAmt
Charitable Assets Acquis Paid	$203,624	CharitableAssetsAcquisPaidAmt
Qualifying Distributions	$24,115,588	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$29,507,957	DistributableAsAdjustedAmt
Undistributed Income PY	$1,467,779	UndistributedIncomePYAmt
Qualifying Distributions	$24,115,588	QualifyingDistributionsAmt
Applied To Year1	$1,467,779	AppliedToYear1Amt
Applied To Current Year	$22,647,809	AppliedToCurrentYearAmt
Undistributed Income CY	$6,860,148	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManagerNm
Shareholder Manager	NONE	ShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	IVY BRADEN	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	1018 W MAIN STREET	AddressLine1Txt
City	MIDLAND	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	486404292	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	9896313699	RecipientPhoneNum
Recipient Email Address	HHGADOWFDN.ORG/GUIDELINES	RecipientEmailAddressTxt
Form And Info And Materials	THE FORMAL GRANT APPLICATION CAN BE FOUND ON THE HERBERT H. AND GRACE A. DOW FOUNDATION WEBSITE AT WWW.HHGADOWFDN.COM. THE FIRST STEP IN THE TWO-STAGE PROCESS CONSISTS OF THE SUBMISSION OF A LETTER OF INTEREST (LOI). THE SECOND STEP IS BY INVITATION ONLY TO ORGANIZATIONS WITH REQUESTS THAT BEST ALIGN WITH FOUNDATION MISSION AND CURRENT GRANTMAKING PRIORITIES. APPLICANTS WILL BE ASKED TO INCLUDE THE FOLLOWING INFORMATION IN A PROPOSAL: A SUMMARY SETTING FORTH THE NATURE AND POTENTIAL RESULTS OF THE PROGRAM FOR WHICH FUNDING IS SOUGHT; THE TOTAL COST OF THE PROJECT, INCLUDING ANY ENDOWMENT FOR OPERATIONS; THE TOTAL AMOUNT SOUGHT FROM THE FOUNDATION, AND OVER WHAT PERIOD OF TIME THE GRANT MAY BE DISBURSED, AS WELL AS ANY OTHER FUNDING SOURCES BEING SOUGHT FOR THE PROJECT; EVIDENCE OF THE ORGANIZATION'S TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3); A DETAILED ANNUAL ORGANIZATION BUDGET AND AUDITED FINANCIAL STATEMENT FOR THE ORGANIZATION; THE NAMES OF MANAGEMENT AND OF T	FormAndInfoAndMaterialsTxt
Submission Deadlines	THE BOARD MEETS DURING THE YEAR TO MAKE FINAL DECISIONS WITH GRANTS TYPICALLY DISBURSED IN DECEMBER.	SubmissionDeadlinesTxt
Restrictions On Awards	THE FOUNDATION DOES NOT MAKE GRANTS DIRECTLY TO INDIVIDUALS. THE FOUNDATION'S CHARTER LIMITS ITS GRANTS TO MICHIGAN ORGANIZATIONS. THE FOUNDATION CANNOT LEGALLY SUPPORT: ORGANIZATIONS THAT ARE NOT ELIGIBLE TO RECEIVE TAX DEDUCTIBLE CONTRIBUTIONS PER THE INTERNAL REVENUE SERVICE; POLITICAL ORGANIZATIONS; SECTARIAN RELIGIOUS ORGANIZATIONS (EXCEPT THOSE THAT ARE LOCATED IN THE MIDLAND COMMUNITY); OR ORGANIZATIONS THAT PRACTICE DISCRIMINATION BY RACE, SEX, CREED, AGE, OR NATIONAL ORIGIN. THE FOUNDATION DOES NOT ACCEPT PRESET "FORMULAS FOR GIVING" PREPARED BY NONPROFIT AGENCIES.	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
SEE ATTACHED
1018 W MAIN STREET	MIDLAND	MI	48640	VARIOUS	$9,052,330
SEE ATTACHED
1018 W MAIN STREET	MIDLAND	MI	48640	VARIOUS	$10,860,302
SEE ATTACHED
1018 W MAIN STREET	MIDLAND	MI	48640	VARIOUS	$56,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$19,968,632	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SEE ATTACHED	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	1018 W MAIN STREET	AddressLine1Txt
City	MIDLAND	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	48640	ZIPCd

Field	Value	IRS element (for citing)
Grant Or Contribution Purpose	VARIOUS	GrantOrContributionPurposeTxt
Amt	$14,380,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$14,380,000	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl (4 entries)

DescDesc	Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
DOW GARDENS ADMISSIONS	$1,052,926
HORTICULTURAL CLASSES	$19,217
PINES ADMISSIONS	$14,841
HORTICULTURE SUP/EQUIP SALE	$29,621

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$101,826	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$9,633,058	ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Field	Value	IRS element (for citing)
Exclusion	16	ExclusionCd
Exclusion	$2,241	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$7,823,572	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	1	ExclusionCd
Exclusion	$21,559,110	ExclusionAmt

Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp

Field	Value	IRS element (for citing)
Business	453220	BusinessCd
Unrelated Business Taxbl Incm	$289,222	UnrelatedBusinessTaxblIncmAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDesc	Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt	BusinessBusinessCd	Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt
WEDDINGS	$28,987
MISC	$2,337
SEE K-1 UBI INCOME ATTACHME		900099	$375,021

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$664,243	UnrelatedBusinessTaxblIncmAmt
Exclusion	$39,119,807	ExclusionAmt
Related Or Exempt Function Incm	$1,147,929	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$40,931,979	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (6 entries)

Line NumberLineNumberTxt	Relationship StatementRelationshipStatementTxt
1A	ADMISSION FEES FOR DOW GARDENS
1B	HORTICULTURAL CLASSES FOR CHILDREN & OTHERS
1C	ADMISSIONS FEES FOR THE PINES AREA OF THE GARDENS
1D	HORTICULTURAL SUPPLIES SOLD AS PART OF CHARITABLE ACTIVITIES ASSOCIATED WITH DOW GARDENS
11B	FEES CHARGED FOR WEDDINGS HELD IN THE GARDENS; ENCOURAGING THE PUBLIC TO UTILIZE THE BEAUTY OF THE GARDENS
11C	MISCELLANEOUS RECEIPTS

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$50,125	Amt
Net Investment Income	$25,063	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$25,063	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

Field	Value	IRS element (for citing)
Property	SEE ATTACHED LISTING	PropertyDesc
Cost Or Other Basis	$351,831	CostOrOtherBasisAmt
Prior Year Depreciation	$9,740,500	PriorYearDepreciationAmt
Current Year Expense	$2,304,663	CurrentYearExpenseAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)

AssetAssetDesc	How AcquiredHowAcquiredTxt	BasisBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt
LAND IMPROV. ADDITIONS	PURCHASE	$42,881	$42,881
GREENHOUSE GLASS (9 PANES)	PURCHASE	$4,768	$4,768
TITAL GOLF CART - SERIAL 2733617	PURCHASE	$4,135	$4,135

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
DUPONT STOCK
DOW CHEMICAL STOCK	$32,075,016	$32,075,016
DFA INTL SMALL CAP VALUE
DFA INFLATION PROTECTED	$7,144,377	$7,144,377
DFA US LARGE CAP	$6,481,844	$6,481,844
AMERICAN NEW PERSPECTIVE FUND

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (86 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
16-1625273 - APJOHN	FMV	$153,284	$153,284
26-3886702 - AQR STYLE PREMIA	FMV	$7,201,441	$7,201,441
03-0469267 - ARBORETUM 1	FMV	$580,002	$580,002
20-3879026 - ARBORETUM 1A	FMV	$282,224	$282,224
20-8495541 - ARBORETUM 2	FMV	$82,829	$82,829
27-4709037 - ARBORETUM VENTURES III	FMV	$377,150	$377,150
47-4200749 - ARBORETUM VENTURES IV	FMV	$569,205	$569,205
36-4443622 - ARCH DEVELOPMENT FUND 1	FMV
06-1582470 - ARCH VENTURE FUND V	FMV	$263,140	$263,140
27-3114657 - ARSENAL VENTURE CAPITAL	FMV	$3,731,290	$3,731,290
81-3994795 - AUXO INVESTMENT PARTNER	FMV	$920,701	$920,701
81-4008189 - AUXO GROWTH HOLDINGS I	FMV	$8,135,233	$8,135,233
38-7142204 - BLACKSTONE ALTERNATIVES	FMV	$1,011,765	$1,011,765
36-4800114 - BLACKSTONE CAPITAL	FMV	$7,904,209	$7,904,209
13-3492071 - BLACKSTONE PARTNERS INV	FMV	$18,869,622	$18,869,622
98-1386129 - CARLYLE PE ACCESS FUND	FMV	$7,716,598	$7,716,598
61-1780481 - CARLYLE STRAT. PART. IV	FMV	$4,095,384	$4,095,384
61-1742367 - FORTRESS CREDIT OPP IV	FMV	$1,922,406	$1,922,406
98-1439362 - FORTRESS CREDIT OPP V	FMV	$8,408,716	$8,408,716
38-4046268 - FORTRESS INTELLECT PROP	FMV	$3,006,393	$3,006,393
32-0431732 - FORTRESS RE OPP. II	FMV	$590,962	$590,962
32-0499393 - FORTRESS RE OPP. III	FMV	$8,922,719	$8,922,719
62-1451003 - GT PARTNERS LP	FMV	$20,055,203	$20,055,203
62-1570892 - GT GLOBAL HEDGE MKT	FMV	$18,321,864	$18,321,864
83-2178554 - KKR PRINCIPAL OPP	FMV	$8,648,816	$8,648,816
38-7136002 - LS REAL ESTATE REC IV	FMV	$823,516	$823,516
46-6669749 - LS VIII RECOVERY TRUST	FMV	$261,554	$261,554
38-3431245 - NORTHCOAST	FMV	$54,353	$54,353
13-4359956 - NCTI III LIMITED PTRSHP	FMV	$2,524,625	$2,524,625
82-3021163 - NCTI IV, PARTNERSHIP	FMV	$132,832	$132,832
82-3278140 - PRIVATE EQUITY CO INV.	FMV	$7,463,451	$7,463,451
83-2538130 - PEG GLOBAL PRIVATE EQ.	FMV	$51,518,741	$51,518,741
35-2491286 - RCP DIRECT II LP	FMV	$849,661	$849,661
37-1884177 - RCP DIRECT III	FMV	$6,990,511	$6,990,511
45-3135867 - RCP FUND VIII LP	FMV	$1,038,943	$1,038,943
36-4766444 - RCP FUND IX LP	FMV	$2,159,317	$2,159,317
32-0457025 - RCP FUND X	FMV	$2,256,317	$2,256,317
35-2550581 - RCP FUND XI	FMV	$2,025,803	$2,025,803
37-1860110 - RCP FUND XII, LP	FMV	$3,660,963	$3,660,963
83-0557610 - RCP FUND XIII	FMV	$6,939,894	$6,939,894
90-0852883 - RCP SECONDARY OPP. II	FMV	$491,740	$491,740
61-1855521 - RCP SECONDARY OPP III	FMV	$3,098,024	$3,098,024
80-0805959 - RENAISSANCE VENTURE CAP	FMV	$4,198,878	$4,198,878
ABRAAJ GROWTH MARKETS	FMV	$3,505,730	$3,505,730
BLACKROCK CORE BOND	FMV	$3,686,031	$3,686,031
BLACKROCK EMERGING MARKETS	FMV	$8,608,233	$8,608,233
BRANDYWINEGLOBAL - DIAMOND HILL	FMV	$8,067,391	$8,067,391
BREP EUROPE IV REAL	FMV	$785,397	$785,397
BREP EUROPE VI SC SP	FMV	$7,529,288	$7,529,288
CARLYLE US EQUITY	FMV	$1,052,309	$1,052,309
CARLYLE US REALTY	FMV	$555,123	$555,123
CEMOF II FOREIGN INVESTORS	FMV	$485,222	$485,222
CION ARES DIVERSIFIED	FMV	$14,132,721	$14,132,721
CRESCENT VI MEZZANINE	FMV	$451,424	$451,424
CSP III DISTRESSED	FMV	$189,951	$189,951
DFA EMERGING MARKETS CORE EQTY	FMV	$8,656,227	$8,656,227
DRIEHAUS EMERGING MARKET GROWTH	FMV	$8,681,269	$8,681,269
FIDELITY TOTAL MARKET	FMV	$45,146,992	$45,146,992
FR XIII GLOBAL ENERGY	FMV	$2,276,051	$2,276,051
GI PARTNERS IV	FMV	$2,660,021	$2,660,021
GOLDMAN SACHS VINTAGE VI	FMV	$413,462	$413,462
GOLDMAN SACHS VINTAGE VII	FMV	$2,682,731	$2,682,731
GS PRIVATE MIDDLE MARKET CR	FMV	$2,216,249	$2,216,249
GSO MEZZANINE FINANCE	FMV	$345,786	$345,786
ISHARES CORE US	FMV	$33,126,772	$33,126,772
JP MORGAN GLOBAL BOND	FMV	$7,830,798	$7,830,798
JP MORGAN INTREPID	FMV
MOON CAPITAL GLOBAL	FMV
PIMCO CORPORATE OPPORTUNITY	FMV	$3,686,678	$3,686,678
PIMCO ST	FMV	$7,132,852	$7,132,852
PMC PARTNERS I OFFSHORE	FMV	$8,321	$8,321
SCHWAB US BROAD MARKET ETF	FMV	$24,056,844	$24,056,844
THORNBURG INTERNATIONAL GROWTH	FMV
VANGUARD SMALL CAP ETF	FMV	$6,831,501	$6,831,501
VANGUARD TOTAL STOCK MARKET	FMV	$21,210,789	$21,210,789
VESEY STREET FUND	FMV	$3,455,657	$3,455,657
US TREASURY NOTES	FMV	$11,965,032	$11,965,032
DIMENSIONAL INTERN CORE	FMV	$30,148,354	$30,148,354
TRUEBRIDGE FUND VII	FMV	$2,002,340	$2,002,340
TRUBRIDGE FUND VIII	FMV	$33,527	$33,527
AMER FDS EUROPAC GROWTH	FMV	$6,856,096	$6,856,096
WISDOMTREE INTRANET	FMV	$4,125,861	$4,125,861
I SHARES COSRE MSCI	FMV	$9,858,286	$9,858,286
PIMCO STOCK INTL	FMV	$6,090,581	$6,090,581
OAKMARK INTL	FMV	$2,552,561	$2,552,561
MFS INTL DIVERSIFICATION	FMV	$6,906,796	$6,906,796

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

Field	Value	IRS element (for citing)
Category Or Item	SEE ATTACHED	CategoryOrItemTxt
Cost Or Other Basis	$49,396,737	CostOrOtherBasisAmt
Accumulated Depreciation	$19,534,795	AccumulatedDepreciationAmt
Book Value	$29,861,942	BookValueAmt
EOYFMV	$29,861,942	EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$76,819	LegalFeesAmt
Disbursements Charitable Prps	$76,439	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (32 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
GIFT SHOP & BEVERAGE SALES
BANK FEES	$23	$23
INFORMATION TECH & SOFTWARE	$739	$739
EVENTS/PROGRAMS/CLASSES	$285	$285
EMPLOYEE EXPENSES	$320	$320
MEMBERSHIPS AND SUBSCRIPTIONS	$77	$77
SUPPLIES	$1,878	$1,878
ADVERTISING	$768	$768
EXPENSES
EMPLOYEE EXPENSES	$23,639		$24,035
BANK FEES	$61,378		$60,185	$1,193
INSURANCE	$41,110		$41,125
PAYROLL PROCESSING FEES	$2,396		$2,378	$18
PRESIDENT'S EXPENSES	$35,000		$26,250	$8,750
ASSOCIATE STIPENDS	$12,000		$12,000
SUPPLIES	$277,872		$229,136
MISCELLANEOUS	-$1,505		-$1,763
CLASSES AND EVENTS	$58,506		$108,481
ADVERTISING	$12,431		$12,271
INFORMATION TECH & SOFTWARE	$146,634		$146,062
POSTAGE	$3,595		$3,595
MEMBERSHIPS & SUBSCRIPTIONS	$8,165		$8,265
SPECIAL PROJECTS	$10,733		$14,991
FINES, PENALTIES, & JUDGMENTS
FUEL	$12,628		$12,044
HOUSEKEEPING SUPPLIES	$25,902		$31,984
UNIFORMS	$14,607		$14,607
COMMUNITY PARTICIPATION	$10,358		$9,508
K-1 BOOK/TAX DIFFERENCE	$10,340,015
BUSINESS EXPENSES	$20		$20
LOSS ON DONATED LAND HELD FOR	$1,305,631
HORTICULTURE PURCHASES	$9,103	$9,103

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (8 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Net Investment IncomeNetInvestmentIncomeAmt
DOW GARDENS ADMISSIONS	$1,052,926	$1,052,926
HORTICULTURAL CLASSES	$19,217	$19,217
PINES ADMISSIONS	$14,841	$14,841
HORTICULTURE SUP/EQUIP SALES	$29,621	$29,621
SEE K-1 INCOME ATTACHMENT	$7,823,572		$7,823,572
WEDDINGS	$28,987	$28,987
MISC	$2,337	$2,337
SEE K-1 UBI INCOME ATTACHMENT	$375,021	$375,021

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN	Desc
Amt	$38,132,628	Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
DEFERRED TAX LIABILITY	$738,978	$1,184,713
EXCISE TAX PAYABLE	$320,000	$200,000
UNRELATED BUSINESS TAX PAYABLE	$175,210	$75,000

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
INVESTMENT MANAGEMENT FEES	$203,476	$203,476
CONTRACTED SERVICES	$76,261		$62,240
CONSULTANT	$35,315		$34,879
GIFT SHOP & BEVERAGE SALES	$12,856			$12,856
INVESTMENT UBI	$339,742			$339,742

Sales Of Inventory List SalesOfInventoryList

Inventory Sale InventorySaleGrp

Field	Value	IRS element (for citing)
Category	GIFT SHOP & BEVERAGE SALES	CategoryTxt
Gross Sales	$585,375	GrossSalesAmt
Cost Of Goods Sold	$296,153	CostOfGoodsSoldAmt
Net	$289,222	NetAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (5 entries)

CategoryCategoryTxt	AmtAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
UBI TAXES	$137,290
LICENSE & PERMITS	$4,849	$4,818
EXCISE TAX	$1,327,337
PROPERTY TAX	$986		$986
GIFT SHOP & BEVERAGE SALES	$273			$273