2021-05-14T07:52:11-05:00 2020-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2019-07-01 381374230 HILLSDALE COLLEGE HILL 5174377341 33 E COLLEGE STREET HILLSDALE MI 49242 PATRICK FLANNERY TREASURER 5174377341 2021-05-11 1 LISA FORT P00223532 2695674500 2021-05-11 2019 2022-09-23 18:48:47Z LARRY P ARNN 33 E COLLEGE STREET HILLSDALE MI 49242 288391888 0 X WWW.HILLSDALE.EDU X 1844 MI HILLSDALE COLLEGE IS A PRIVATE LIBERAL ARTS COLLEGE WITH APPROXIMATELY 1,500 STUDENTS. FOUNDED IN 1844, THE COLLEGE REMAINS, IN THE WORDS OF ITS ARTICLES OF ASSOCIATION, "GRATEFUL TO GOD FOR THE INESTIMABLE BLESSINGS RESULTING FROM THE PREVALENCE OF CIVIL AND RELIGIOUS LIBERTY AND INTELLIGENT PIETY" IN OUR NATION, AND DEDICATED TO "THE DIFFUSION OF SOUND LEARNING" THAT IS "ESSENTIAL TO THE PERPETUITY OF THESE BLESSINGS." 31 28 2052 696 1334139 0 128396316 184464315 54990529 56164820 23739786 38170593 3516790 8623121 210643421 287422849 27137417 28810689 0 0 56109344 57357948 0 0 34792498 82981990 86639943 166228751 172808580 44414670 114614269 1163398369 1230310896 106730965 104896361 1056667404 1125414535 X SEE SCHEDULE O 0 0 53025006 43966976 STUDENT INSTRUCTION HILLSDALE COLLEGE MAINTAINS ITS DEFENSE OF THE CLASSICAL LIBERAL ARTS CURRICULUM, CONVINCED THAT IT IS THE BEST PREPARATION FOR MEETING THE CHALLENGES OF MODERN LIFE AND THAT IT OFFERS TO ALL PEOPLE OF ALL BACKGROUNDS NOT ONLY AN IMPORTANT BODY OF KNOWLEDGE, BUT ALSO TIMELESS TRUTHS ABOUT THE HUMAN CONDITION. THE LIBERAL ARTS ARE DEDICATED TO STIMULATING STUDENTS' INTELLECTUAL CURIOSITY, TO ENCOURAGING THE CRITICAL, WELL-DISCIPLINED MIND, AND TO FOSTERING PERSONAL GROWTH THROUGH ACADEMIC CHALLENGE. AS SUCH, THE COLLEGE MAINTAINS A RIGOROUS CORE CURRICULUM OF 50 ACADEMIC CREDITS, INCLUDING REQUIRED COURSES IN WESTERN AND AMERICAN HISTORY, THE GREAT BOOKS, THE U.S. CONSTITUTION, LOGIC AND RHETORIC, PHILOSOPHY, THEOLOGY, MATHEMATICS, THE ARTS AND SCIENCES, AND MORE. IN ADDITION TO THE CORE CURRICULUM, STUDENTS CHOOSE FROM 31 MAJORS AND SEVEN INTERDISCIPLINARY MAJORS. SEVEN MINORS-ONLY PROGRAMS AND NINE PRE-PROFESSIONAL PROGRAMS ARE ALSO OFFERED. THE FOUR-YEAR UNDERGRADUATE COURSE OF STUDY CULMINATES IN A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. HILLSDALE COLLEGE IS CONSISTENTLY RANKED HIGH ON LISTS OF THE BEST LIBERAL ARTS COLLEGES IN THE NATION BY SUCH PUBLICATIONS AS U.S. NEWS & WORLD REPORT, THE PRINCETON REVIEW, FORBES, AND KIPLINGER'S PERSONAL FINANCE. IN ADDITION TO ITS UNDERGRADUATE PROGRAM OF INSTRUCTION, THE COLLEGE OPERATES THE VAN ANDEL GRADUATE SCHOOL OF STATESMANSHIP ON CAMPUS, OFFERING MASTER'S AND DOCTORAL DEGREES IN POLITICS, AND THE STEVE & AMY VAN ANDEL GRADUATE SCHOOL OF GOVERNMENT IN WASHINGTON, D.C., OFFERING A MASTER OF ARTS DEGREE IN GOVERNMENT. THE COLLEGE IS COMMITTED TO THE EXCELLENCE OF ITS STUDENTS IN BOTH INTELLECT AND CHARACTER. THIS COMMITMENT IS REFLECTED IN THE STUDENT HONOR CODE, WHICH READS, "A HILLSDALE COLLEGE STUDENT IS HONORABLE IN CONDUCT, HONEST IN WORD AND DEED, DUTIFUL IN STUDY AND SERVICE, AND RESPECTFUL OF THE RIGHTS OF OTHERS. THROUGH EDUCATION THE STUDENT RISES TO SELF-GOVERNMENT." HILLSDALE BOASTS A STUDENT-FACULTY RATIO OF 9 TO 1. IT HAS 145 FULL-TIME FACULTY, 92 PERCENT OF WHOM HOLD THE HIGHEST DEGREE IN THEIR DISCIPLINES. 28768689 28768689 STUDENT SCHOLARSHIPS AND GRANTS HILLSDALE COLLEGE HAS BEEN COMMITTED TO INDEPENDENCE SINCE ITS FOUNDING IN 1844. WHEN A 1984 U.S. SUPREME COURT RULING THREATENED HILLSDALE WITH THE ENTIRE RANGE OF FEDERAL REGULATIONS BECAUSE SOME OF ITS STUDENTS RECEIVED FEDERAL FINANCIAL AID, THE COLLEGE RESOLVED THAT NOT A SINGLE HILLSDALE STUDENT WOULD ACCEPT EVEN ONE CENT OF FEDERAL GRANTS, LOANS, OR SCHOLARSHIPS. INSTEAD, HILLSDALE ESTABLISHED THE PRIVATELY FUNDED STUDENT INDEPENDENCE GRANT AND LOAN FUND IN PLACE OF TAXPAYER-FUNDED AID FOR DESERVING STUDENTS WHO SEEK THE KIND OF CLASSICAL LIBERAL ARTS EDUCATION OFFERED AT HILLSDALE. SINCE THE STUDENT INDEPENDENCE GRANT AND LOAN FUND WAS ESTABLISHED IN 1985, HILLSDALE HAS REPLACED FEDERAL AND STATE GRANTS AND LOANS WITH OVER $120 MILLION IN PRIVATE AWARDS. THE ANNUAL COST OF REPLACING GOVERNMENT AID WAS NEARLY $6 MILLION IN THE 2019-2020 ACADEMIC YEAR; THIS TOTAL ASSISTED 559 STUDENTS. IN ADDITION, THE COLLEGE AWARDED $30.9 MILLION IN PRIVATE SCHOLARSHIPS THAT YEAR ON THE BASIS OF FINANCIAL NEED, ACADEMIC MERIT, CAMPUS LEADERSHIP, ATHLETIC AND MUSIC PARTICIPATION, AND OTHER QUALIFICATIONS. APPROXIMATELY 97 PERCENT OF HILLSDALE STUDENTS QUALIFY FOR AND RECEIVE SOME FORM OF INSTITUTIONAL AID. 13041234 372680 STUDENT SERVICES HILLSDALE'S STUDENT SERVICES INCLUDE THE ADMISSIONS OFFICE, CAREER SERVICES, ACADEMIC SERVICES, STUDENT AFFAIRS, AND HEALTH AND WELLNESS SERVICES. THE ADMISSIONS OFFICE RECEIVES AN INCREASING NUMBER AND HIGHER CALIBER OF APPLICATIONS EACH YEAR, LEADING TO A SELECTIVE ACCEPTANCE RATE OF 44 PERCENT FOR THE MOST RECENT ACADEMIC YEAR. THE OFFICE EMPHASIZES A HOLISTIC APPROACH TO APPLICATION REVIEWS AND CONDUCTS PERSONAL INTERVIEWS WITH MOST APPLICANTS. THE CAREER SERVICES OFFICE HELPS STUDENTS DEVELOP THEIR STRENGTHS AND INTRODUCES THEM TO OPPORTUNITIES THROUGH MENTORING, NETWORK-BUILDING, JOB FAIRS, AND OTHER PROGRAMS. THE COLLEGE HAS A 97 PERCENT FIVE-YEAR GRADUATE PLACEMENT AVERAGE. A SURVEY OF THE GRADUATING CLASS SHOWED THAT 71 PERCENT WERE EMPLOYED, 21 PERCENT IN CONTINUING EDUCATION AND GRADUATE PROGRAMS, AND 4 PERCENT IN MILITARY AND VOLUNTEER SERVICE. HILLSDALE'S STUDENT AFFAIRS DEPARTMENT OVERSEES A NUMBER OF STUDENT INTEREST GROUPS, ACADEMIC HONORARIES, VOLUNTEER ORGANIZATIONS, AND THE COLLEGE'S FOUR FRATERNITIES AND THREE SORORITIES. HILLSDALE STUDENTS CONTRIBUTE AN AVERAGE OF 13,000 HOURS OF VOLUNTEER SERVICE TO THE COMMUNITY EACH YEAR. HEALTH AND WELLNESS SERVICES PROVIDES MEDICAL AND MENTAL HEALTH SERVICES TO STUDENTS, FACULTY, AND STAFF. 22107363 42000 18882379 THESE ADDITIONAL PROGRAM SERVICE EXPENSES INCLUDE, BUT ARE NOT LIMITED TO, AUXILIARY SERVICES (BOOKSTORE, RESIDENTIAL, DINING) AND PLAN AND MAINTENANCE OF CAMPUS GROUNDS AND BUILDINGS. 22107363 42000 18882379 116942292 1 1 0 0 0 1 0 1 0 1 1 1 0 1 1 0 1 0 1 0 1 0 1 0 0 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 1 3244 13 1 2052 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 28 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 AK CO DC MA MN NV NH SC WA X PATRICK FLANNERY 5174377341 33 E COLLEGE STREET HILLSDALE MI 49242 LARRY P ARNN PRESIDENT 40.00 10.00 X X 1000649 0 98723 JOHN CERVINI VP FOR INST. ADVANCEMENT 40.00 10.00 X 470107 0 55895 MATTHEW SPALDING DN OF EDUC PROGRAMS KIRBY CENTER 40.00 0.00 X 270762 0 46108 ROBERT NORTON VP & GENERAL COUNSEL 40.00 0.00 X 250899 0 50471 DAVID M WHALEN AVP FOR CURRICULUM 40.00 0.00 X 229551 0 48996 RICHARD P PEWE VP OF ADMIN. AFFAIRS & SECRETARY 40.00 0.00 X 226110 0 49335 DOUG BANBURY VP FOR ADMISSIONS/BUS DEVELOPMENT 40.00 0.00 X 215764 0 47324 CHRISTOPHER VAN ORMAN PROVOST 40.00 0.00 X 225918 0 35027 MATTHEW SCHLIENTZ VP FOR MARKETING 40.00 0.00 X 209468 0 46447 PATRICK H FLANNERY VP FOR FINANCE & TREASURER 40.00 0.00 X 175587 0 42884 PATRICK L SAJAK CHAIRMAN OF THE BOARD 4.50 0.00 X X 0 0 0 STEPHEN A VAN ANDEL VICE CHAIRMAN OF THE BOARD 4.50 0.00 X X 0 0 0 WILLIAM J BRODBECK TRUSTEE, CHAIRMAN EMERITUS 1.00 10.00 X X 0 0 0 CLEVES R DELP TRUSTEE 1.00 0.00 X 0 0 0 DANIEL S PETERS TRUSTEE 1.00 0.00 X 0 0 0 DAVID A DURELL TRUSTEE 1.00 0.00 X 0 0 0 FRED M BUTLER TRUSTEE 1.00 0.00 X 0 0 0 GREGORY C SCHULER TRUSTEE 1.00 10.00 X 0 0 0 JEFFREY H COORS TRUSTEE 1.00 0.00 X 0 0 0 KAY A ORR TRUSTEE 1.00 0.00 X 0 0 0 KURT D GRINDSTAFF TRUSTEE 1.00 0.00 X 0 0 0 MARK L JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 NENA C MOSS TRUSTEE 1.00 0.00 X 0 0 0 R MARK HAMLIN JR TRUSTEE 1.00 0.00 X 0 0 0 RICHARD E HUNTER TRUSTEE 1.00 0.00 X 0 0 0 RONALD C NOLAN TRUSTEE 1.00 0.00 X 0 0 0 RONALD D ROBSON TRUSTEE 1.00 0.00 X 0 0 0 RONALD E TRZCINSKI TRUSTEE 1.00 0.00 X 0 0 0 S GUNNAR KLARR TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN S HIGLEY TRUSTEE 1.00 0.00 X 0 0 0 THOMAS N JORDAN JR TRUSTEE 1.00 0.00 X 0 0 0 THOMAS T ROGERS TRUSTEE 1.00 0.00 X 0 0 0 TOBIAS W BUCK TRUSTEE 1.00 0.00 X 0 0 0 WAYNE R NELSON TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM L FRAIM TRUSTEE 1.00 0.00 X 0 0 0 ALICE H HANLEY TRUSTEE 1.00 0.00 X 0 0 0 BRUCE C SANBORN TRUSTEE 1.00 0.00 X 0 0 0 CHARLES S MCINTYRE III TRUSTEE 1.00 10.00 X 0 0 0 CHRIS CHOCOLA TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER F BACHELDER TRUSTEE 1.00 0.00 X 0 0 0 DAVID L BELEW TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 J ERIC PLYM TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 JACKSON T STEPHENS JR TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 JEAN SCHIAVONE TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 STEPHEN M BARNEY TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 THOMAS A DUKE JR TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 WILLIAM S ATHERTON TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 3274815 0 521210 85 0 1 0 BON APPETIT 2400 YORKMONT RD CHARLOTTE NC 28217 FOOD SERVICE 5556331 RR DONNELLEY 30 HAZELWOOD DR WEST AMHERST NY 14228 PRINTING/MAILING 4550687 AMERICAN TARGET ADVTG 9625 SURVEYOR CT STE 400 MANASSAS VA 20110 DONOR SERVICES 4372487 WEIGAND CONSTRUCTION INC 7808 HONEYWELL DR FT WAYNE IN 46825 CONSTRUCTION 3745855 NEXT AFTER LLC 5810 TENNYSON PKWY PLANO TX 75024 CONSULTING/MARKETING 3715603 99 1200000 183264315 33723203 184464315 TUITION AND FEES 611310 43966976 43966976 AUXILIARY 611310 11134787 11024076 110711 OTHER AUXILIARY 721110 1063057 372680 690377 56164820 6792421 380595 6411826 4473 4473 31463579 233737 0 319144 31463579 -85407 31378172 31378172 56795 36709 20086 20086 1052001 613186 438815 72302 366513 INST. ADV. SEMINARS 611430 515523 515523 TRUSTEE FEES 900099 221290 221290 LEADERSHIP SEMINARS 611430 21852 21852 7401082 7320928 80154 8159747 287422849 63222035 1334139 38402360 X 42000 42000 28002559 28002559 766130 766130 2147290 472437 913883 760970 42005502 31350134 5316603 5338765 3373025 2468642 516062 388321 7031951 4765694 1780567 485690 2800180 2095168 400908 304104 1934787 685152 1115819 133816 1586076 1586076 19139855 2237317 2368656 14533882 7553795 6056172 132041 1365582 20798976 14041950 1454424 5302602 3769526 775689 2586287 407550 3500 3500 3898098 3067077 789352 41669 5692971 3171587 431276 2090108 5621956 2314302 115220 3192434 600559 414706 185853 7340568 6454463 752760 133345 COST OF GOODS SOLD 3189217 3189217 EQUIPMENT 1063822 1045711 18111 MEMBERSHIPS 171724 103636 22596 45492 GIFTS/AWARDS 143455 111593 20998 10864 4131058 3310956 580909 239193 172808580 116942292 21073790 34792498 49942 673029 52531608 50737491 114980794 101497218 1553272 1577154 33507039 32833210 337330 317439 2447677 2365963 295857620 101965742 179317351 193891878 384442190 233634933 294636587 516240865 99594579 96541716 1163398369 1230310896 26972780 24599540 676563 667894 8263101 7636572 12832510 19974000 57986011 52018355 106730965 104896361 X 97815867 129325408 958851537 996089127 1056667404 1125414535 1163398369 1230310896 X 114614269 -48671610 2804472 X X 0 1 X 1 0 X 109558877 144893509 147294211 128396316 184464315 714607228 109558877 144893509 147294211 128396316 184464315 714607228 40294141 674313087 8208109 7321139 6524869 3136895 6416299 31607311 0 0 0 818294 41557 859851 1179328 1209567 1627115 1398511 1257784 6672305 753746695 0.89460 0.93910 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAMING REVENUE - 2015 AMOUNT: $ 137,225. 2016 AMOUNT: $ 133,286. 2017 AMOUNT: $ 160,724. 2018 AMOUNT: $ 126,490. 2019 AMOUNT: $ 56,795. SALE OF INVENTORY - 2015 AMOUNT: $ 1,042,103. 2016 AMOUNT: $ 1,076,281. 2017 AMOUNT: $ 1,017,234. 2018 AMOUNT: $ 978,811. 2019 AMOUNT: $ 979,699. MISCELLANEOUS - 2017 AMOUNT: $ 449,157. 2018 AMOUNT: $ 293,210. 2019 AMOUNT: $ 221,290. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8 1380 130141 4729358 1 1 170130 7663345 X X X 0 710282819 80512072 -39535766 15497424 -20265598 6961004 749066295 668451311 53131785 -3989628 13934324 -12517931 5894256 710282819 574576618 57531204 16451718 12387303 -37686363 5407289 668451311 482288798 33664441 29153531 11089468 -44991818 4432502 574576618 493509003 25622300 -35723718 10251342 -11746426 2613871 482288798 0.03800 0.96200 0.00000 0 1 1 12844910 12844910 217604249 71756084 145848165 21764366 14344463 7419903 43644095 15865195 27778900 193891878 EQUITY HEDGED 63332702 F PRIVATE REAL ESTATE 48001850 F OTHER 2491678 F CASH ALTERNATIVE 19024980 F FIXED INCOME 62159967 F EQUITY LONG-ONLY 168153936 F PRIVATE EQUITY 82884114 F ABSOLUTE RETURN 70191638 F 516240865 ACCRUED INTEREST RECEIVABLE 650486 BENEFICIAL INTERESTS IN TRUSTS 95891230 96541716 LIABILITY ON ANNUITY CONTRACTS & TRUSTS 52018355 52018355 210151787 -48830115 2901105 -45929010 256080797 1661150 29680902 31342052 287422849 142760181 1943548 1943548 140816633 1661150 30330797 31991947 172808580 PART III, LINE 4: ALWIN C. CARUS COIN COLLECTION THE CARUS COIN COLLECTION CONSISTS OF A VAST ARRAY OF FOREIGN AND DOMESTIC CURRENCY DIVIDED INTO THREE SMALLER DISPLAYS: AN ANCIENT COIN COLLECTION, AN AMERICAN COINAGE COLLECTION, AND A HISTORY OF MONEY COLLECTION THAT INCLUDES EARLY NON-METAL FORMS OF CURRENCY, PRECIOUS METALS, AND MODERN FIAT CURRENCY. THE COLLECTION WAS LEFT TO HILLSDALE COLLEGE TO BE USED FOR EDUCATIONAL PURPOSES; IT IS A TOOL FOR TEACHING ECONOMICS, HISTORY, FINANCE, AND CLASSICS. PORTIONS OF THE COLLECTION ARE EXHIBITED PUBLICLY AT HILLSDALE COLLEGE EVENTS ACROSS THE COUNTRY, EXTENDING THE EDUCATIONAL BENEFITS OF THE COLLECTION TO A MUCH WIDER AUDIENCE THAT INCLUDES BUSINESS OWNERS, EDUCATORS, COMMUNITY LEADERS, AND OTHER INTERESTED CITIZENS. SPECIAL LIBRARY COLLECTIONS IN ADDITION TO THE MAIN STUDY AND RESEARCH COLLECTIONS, HILLSDALE COLLEGE'S MOSSEY LIBRARY CONTAINS A NUMBER OF RARE AND SPECIAL HOLDINGS, INCLUDING THE LUDWIG VON MISES LIBRARY AND THE RICHARDSON HERITAGE ROOM EARLY AND RARE EDITIONS. LUDWIG VON MISES, THE FATHER OF AUSTRIAN ECONOMICS, CHOSE HILLSDALE COLLEGE TO BE THE RECIPIENT OF HIS PERSONAL LIBRARY BECAUSE OF THE SCHOOL'S COMMITMENT TO TEACH THE PRINCIPLES OF FREEDOM. THIS IMPORTANT COLLECTION OF BOOKS, PAMPHLETS, AND PAPERS RELATED TO FREE-MARKET ECONOMICS IS HOUSED IN THE LUDWIG VON MISES ROOM IN MOSSEY LIBRARY AND IS AVAILABLE TO THE HILLSDALE FACULTY AND STUDENTS FOR RESEARCH. THE RICHARDSON HERITAGE ROOM CONTAINS A COLLECTION OF RARE- AND FIRST-EDITION BOOKS THAT RELATE TO OUR COUNTRY'S FOUNDING AND EARLY AMERICAN HISTORY. LIBERTY WALK AS A SYMBOL OF ITS DEDICATION TO LIBERTY, THE COLLEGE BEGAN IN 2003 TO ESTABLISH THE LIBERTY WALK, A SERIES OF STATUES THROUGHOUT THE CAMPUS THAT DAILY REMIND STUDENTS, FACULTY, AND VISITORS OF THOSE WHO LABORED TO DEFEND FREEDOM. TO DATE, THE COLLECTION INCLUDES NINE STATUES: THE ALPHA KAPPA PHI CIVIL WAR SOLDIERS MONUMENT, 1895; GEORGE WASHINGTON, 2003; WINSTON CHURCHILL, 2004; MARGARET THATCHER, 2008; THOMAS JEFFERSON, 2009; ABRAHAM LINCOLN, 2009; RONALD REAGAN, 2011; FREDERICK DOUGLASS, 2017; AND JAMES MADISON, 2020. ALL STATUES HAVE BEEN FUNDED THROUGH PRIVATE DONATIONS. PRE-COLUMBIAN ART COLLECTION A COLLECTION OF STATUES, POTTERY, JEWELRY, AND CARVED OR WOVEN VESSELS, THESE ARTIFACTS DATE FROM AS EARLY AS 500 B.C. TO AS LATE AS 1532 A.D., AND ORIGINATE FROM VARIOUS REGIONS OF CENTRAL AND SOUTH AMERICA. INCLUDING WORK FROM CULTURES SUCH AS THE MAYANS AND INCAS, THEY REPRESENT ART IN THE AMERICAS BEFORE THE INTRODUCTION OF EUROPEAN CULTURAL INFLUENCE. THE ARTIFACTS ARE AVAILABLE FOR FACULTY AND STUDENT USE, ESPECIALLY BY THOSE STUDYING PREHISTORIC AND NON-WESTERN ART. DANIEL M. FISK MUSEUM OF NATURAL HISTORY ESTABLISHED IN 1874 BY PROFESSOR DANIEL MOSES FISK, THE FISK MUSEUM OF NATURAL HISTORY CONTAINS THOUSANDS OF BIOLOGICAL, GEOLOGICAL, AND ARCHAEOLOGICAL SPECIMENS. THE FISK MUSEUM SERVES AS A POINT OF DISCOVERY FOR VISITORS TO THE COLLEGE, INSTRUCTIONAL MATERIAL FOR HILLSDALE COLLEGE COURSES, AND RESEARCH SPECIMENS FOR HILLSDALE COLLEGE AND THE GREATER SCIENTIFIC COMMUNITY. TWO RECENT ADDITIONS TO THE COLLECTION INCLUDE REAL-BONE DINOSAUR SKELETONS OF AN EDMONTOSAURUS ANNECTENS AND A TRICERATOPS. PART V, LINE 4: AS STATED PREVIOUSLY, HILLSDALE COLLEGE IS AN INDEPENDENT FOUR-YEAR LIBERAL ARTS INSTITUTION. HILLSDALE DOES NOT ACCEPT ANY FEDERAL OR STATE MONIES FOR THE OPERATION OF THE COLLEGE. ENDOWMENT FUNDS ARE INVESTED IN SUCH A MANNER AS TO PRESERVE AND PROTECT THE COLLEGE'S INDEPENDENCE FROM GOVERNMENT FUNDS. EARNINGS FROM THE ENDOWMENT ARE PRIMARILY USED TO PROVIDE SCHOLARSHIPS TO STUDENTS AND TO FUND THE OPERATIONS OF THE COLLEGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENTS 2,804,472. WITTE FOUNDATION CONSOLIDATED REVENUE 96,633. PART XI, LINE 4B - OTHER ADJUSTMENTS: CGS BOOKSTORE -613,186. CGS PRESS GAMING EXPENSE -36,709. TUITION AND FEES 30,330,797. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSE 36,709. CGS BOOKSTORE 613,186. CGS PRESS WITTE FOUNDATION CONSOLIDATED EXPENSES 1,293,653. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION AND FEES 30,330,797. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 HILLSDALE COLLEGE'S POLICY OF NON-DISCRIMINATION IS WRITTEN INTO ITS ORIGINAL ARTICLES OF ASSOCIATION, WHICH WERE ADOPTED IN 1853. THEY STATE, "THE OBJECT OF THIS INSTITUTION IS AND SHALL BE TO FURNISH TO ALL PERSONS WHO WISH, IRRESPECTIVE OF NATIONALITY, COLOR, OR SEX, A LITERARY, SCIENTIFIC OR THEOLOGICAL EDUCATION AS COMPREHENSIVE AND THOROUGH AS IS USUALLY PURSUED IN OTHER COLLEGES OR THEOLOGICAL SCHOOLS IN THIS COUNTRY, AND TO COMBINE WITH THIS, SUCH MORAL, SOCIAL AND ARTISTIC INSTRUCTION AND CULTURE AS WELL BEST DEVELOP THE MINDS AND IMPROVE THE HEARTS OF THE STUDENTS." HILLSDALE COLLEGE CONTINUES TO BE GOVERNED BY THESE WORDS, AND THEY ARE INCORPORATED INTO THE SCHOOL'S MORE RECENT MISSION STATEMENT. THESE WORDS ARE INCLUDED IN THE COLLEGE CATALOG, AND THEY ARE FEATURED PROMINENTLY IN THE HILLSDALE COLLEGE HONOR CODE. SCHEDULE E, PART I, LINE 4 IN 1844, HILLSDALE COLLEGE WAS FOUNDED ON THE THEN TRULY EXCEPTIONAL PRECEPT OF OFFERING AN EDUCATION TO "ALL PERSONS, IRRESPECTIVE OF NATIONALITY, COLOR OR SEX." IT ENROLLED AFRICAN AMERICANS, WOMEN, AND OTHER MINORITIES NEARLY TWO DECADES BEFORE THE CIVIL WAR. HILLSDALE WAS THE FIRST COLLEGE IN THE NATION TO HAVE ITS PRINCIPLES OF NONDISCRIMINATION WRITTEN INTO ITS STATE CHARTER. IT WAS THE FIRST MICHIGAN COLLEGE AND THE SECOND IN THE NATION TO ADMIT WOMEN ON AN EQUAL BASIS WITH MEN, AND IT WAS THE SECOND COLLEGE IN THE NATION TO CONFER THE B.A. TO WOMEN. EVEN PRIOR TO THE CIVIL WAR, IT REFUSED TO SPECIFY RACE ON RECORDS OR TO BASE DECISIONS OR POLICIES ON THE RACE OF ITS STUDENTS, FACULTY, OR STAFF. TODAY, IT BASES ADMISSIONS AND HIRING PRACTICES ON QUALIFICATION, COMPETENCE, AND MERIT WITHOUT REGARD TO RACE, COLOR, RELIGION, NATIONAL ORIGIN, SEX, AGE, DISABILITY, OR ANY OTHER LEGALLY PROTECTED STATUS. ACCORDINGLY, IT DOES NOT KEEP RECORD OF THE RACE OF ANY OF ITS STUDENTS, FACULTY, 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS INVESTMENTS 14806004 CENTRAL AMERICA AND THE CARIBBEAN 0 0 MANAGEMENT PROFESSIONAL SERVICES 3000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES HONORARIUMS 6025 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 MANAGEMENT LEGAL FEES, SOFTWARE 2545 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES PROFESSIONAL SERVICES 4321 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDENT STIPENDS 10000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES HONORARIUMS 11467 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES SUBSCRIPTIONS 6516 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES TRAVEL REIMBURSEMENT 1254 NORTH AMERICA 0 0 PROGRAM SERVICES HONORARIUMS 200 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITING 2000 NORTH AMERICA 0 0 PROGRAM SERVICES PURCHASE OF GOODS 50780 NORTH AMERICA 0 0 PROGRAM SERVICES CHAPEL CONSTRUCTION 273703 NORTH AMERICA 0 0 PROGRAM SERVICES TRAVEL REIMBURSEMENT 2755 NORTH AMERICA 0 0 MANAGEMENT INSURANCE 12000 NORTH AMERICA 0 0 PROGRAM SERVICES PROFESSIONAL SERVICES 2025 NORTH AMERICA 0 0 FUNDRAISING DONOR SCREENING 13295 SOUTH AMERICA 0 0 PROGRAM SERVICES TRAVEL REIMBURSEMENT 48 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT STIPENDS 1470 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDENT REFUND 2820 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIPS N/A 54815 EUROPE 0 0 SCHOLARSHIPS N/A 271577 MIDDLE EAST & NORTH AFRICA 0 0 SCHOLARSHIPS N/A 25000 NORTH AMERICA 0 0 SCHOLARSHIPS N/A 61163 SOUTH AMERICA 0 0 SCHOLARSHIPS N/A 50670 SOUTH ASIA 0 0 SCHOLARSHIPS N/A 37150 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS N/A 239113 0 0 0 0 0 0 14849878 1101838 15951716 SCHOLARSHIP EAST ASIA & THE PACIFIC 2 54815 APPLIED AGAINST ACCOUNT BOOK STUDENT STIPEND EUROPE 1 10000 WIRE BOOK SCHOLARSHIP EUROPE 9 271577 APPLIED AGAINST ACCOUNT BOOK SCHOLARSHIP MIDDLE EAST 1 25000 APPLIED AGAINST ACCOUNT BOOK SCHOLARSHIP NORTH AMERICA 2 61163 APPLIED AGAINST ACCOUNT BOOK SCHOLARSHIP SOUTH AMERICA 2 50670 APPLIED AGAINST ACCOUNT BOOK SCHOLARSHIP SUB-SAHARAN AFRICA 6 239113 APPLIED AGAINST ACCOUNT BOOK SCHOLARSHIP SOUTH ASIA 1 37150 APPLIED AGAINST ACCOUNT BOOK HONORARIUM EUROPE 2 10617 WIRE BOOK HONORARIUM EAST ASIA & THE PACIFIC 1 6025 WIRE BOOK 1 0 1 1 1 0 PART I, LINE 2: HILLSDALE COLLEGE OFFERS SCHOLARSHIPS AND GRANTS TO INTERNATIONAL STUDENTS (STUDENTS ATTENDING HILLSDALE UNDER F-1 STUDENT VISAS) BASED UPON EITHER ACADEMIC MERIT OR DEMONSTRATED FINANCIAL NEED. THE ASSESSMENT FOR AWARDING INITIAL MERIT-BASED SCHOLARSHIP CONSIDERS THE ACADEMIC CREDENTIAL OF THESE INTERNATIONAL STUDENTS. NEED-BASED GRANTS ARE AWARDED TO INTERNATIONAL STUDENTS BASED UPON DEMONSTRATED FINANCIAL NEED EVIDENCED FROM INCOME AND ASSET INFORMATION REPORTED ON HILLSDALE COLLEGE'S INTERNATIONAL FINANCIAL AID APPLICATION. RENEWAL OF MERIT-BASED INTERNATIONAL AWARDS ARE CONTINGENT UPON THE INTERNATIONAL STUDENT MAINTAINING A 3.0 OR HIGHER CUMULATIVE GRADE POINT AVERAGE. THIS GRADE POINT THRESHOLD IS MONITORED AT THE CONCLUSION OF EACH ACADEMIC SEMESTER. INTERNATIONAL STUDENTS NOT MEETING THAT GPA THRESHOLD FOR THE FIRST TIME RECEIVE A LETTER REMINDING THEM OF THIS CRITERION. A SECOND SEMESTER BELOW THE 3.0 GPA REQUIREMENT RESULTS IN SCHOLARSHIP PROBATION, AND A THIRD CONSECUTIVE SEMESTER NOT MEETING THIS 3.0 GPA RESULTS IN LOSS OF THE MERIT-BASED SCHOLARSHIP. RENEWAL OF A NEED-BASED GRANT REQUIRES THAT INTERNATIONAL STUDENTS CONTINUE TO EVIDENCE FINANCIAL NEED EACH YEAR AS DETERMINED BY SUBMISSION OF HILLSDALE'S INTERNATIONAL FINANCIAL AID APPLICATION. (2) HONORARIA AND TRAVEL REIMBURSEMENTS WERE PAID TO VARIOUS INTERNATIONAL SPEAKERS ON CAMPUS AS WELL AS HONORARIA PAID FOR EDITORIAL WORK. (3) TOUR FEES WERE PAID FOR SCHOOL-SPONSORED INTERNATIONAL TRIPS. (4) THE BOOK TOTAL AMOUNT OF INVESTMENTS IN CENTRAL AMERICA AND THE CAYMAN ISLANDS IS $14,806,004. PART III ACCOUNTING METHOD: 56795 23688 13021 1 1.00000 56795 23688 13021 36709 20086 MI 1 0 0 0 1.00000 0.00000 PATRICK H FLANNERY 33 EAST COLLEGE STREET HILLSDALE MI 49242 0 PATRICK H FLANNERY 0 SEE SCHEDULE G, PART IV, STATEMENT 1 X 0 SCHEDULE G, PART III, LINE 16 DESCRIPTION OF SERVICES PROVIDED: AS TREASURER OF THE COLLEGE, PATRICK H. FLANNERY WORKS WITH VARIOUS GROUPS ON CAMPUS IN SECURING A RAFFLE LICENSE FROM THE STATE OF MICHIGAN. THESE LICENSES ARE EFFECTIVE ONLY FOR THE DATE OF THE RAFFLE. FURTHER, THE TREASURER COMPLETES THE RAFFLE FINANCIAL STATEMENT AND SUBMITS IT TO THE STATE OF MICHIGAN FOLLOWING THE RAFFLE. 1 GOLDEN VIEW CLASSICAL ACADEMY PO BOX 740 GOLDEN CO 80402 465744055 501(C)(3) 25000 EXCELLENCE IN TEACHING AWARD IVYWOOD CLASSICAL ACADEMY 14356 GENOA CT PLYMOUTH TWP MI 48170 830876501 GOVERNMENTAL UNIT 17000 EDUCATIONAL GRANT, SCHOLARS CUP 2 0 SCHOLARSHIPS AND GRANTS 1420 28002559 0 N/A N/A PART I, LINE 2: DURING FISCAL YEAR 2020, HILLSDALE COLLEGE AWARDED MONETARY GRANTS/PRIZES TO TWO INSTITUTION BASED ON SPECIFIED CRITERIA. ONE GRANT IS THE HENRY SALVATORI PRIZE FOR EXCELLENCE IN TEACHING, WHICH HONORS ONE K-12 SCHOOL EACH YEAR FOR ITS OUTSTANDING EDUCATIONAL PROGRAM. ALL PUBLIC AND PRIVATE SCHOOLS WHOSE TEACHING REFLECTS THE BEST TRADITIONS OF WESTERN EDUCATION ARE WELCOME TO APPLY. THE WINNING SCHOOL IS REQUIRED TO PREPARE AN ANNUAL REPORT ON THE EXPENDITURE(S) OF THE PRIZE UNTIL SUCH FUNDS ARE ENTIRELY EXPENDED. ONE OTHER GRANT SUPPORTED ONE OF THE 24 CLASSICAL K-12 CHARTER SCHOOLS AFFILIATED WITH HILLSDALE'S BARNEY CHARTER SCHOOL INITIATIVE. THE INITIATIVE GUIDES FOUNDING GROUPS IN OBTAINING A CHARTER AND PROVIDES CURRICULAR SUPPORT AND TEACHER AND PRINCIPAL TRAINING. THIS GRANT SUPPORTED THE LAUNCH OF THE CHARTER SCHOOL. THE RECIPIENTS ARE REQUIRED TO PROVIDE HILLSDALE COLLEGE DOCUMENTATION ON THE USE OF THE FUNDS, AND HILLSDALE COLLEGE STAFF VISIT THE SCHOOLS EACH YEAR. X X X X X X 1 1 X X X X X 0 0 0 1 0 0 0 0 0 LARRY P ARNN PRESIDENT 490888 0 509092 0 669 0 28000 0 70723 0 1099372 0 0 0 JOHN CERVINI VP FOR INST. ADVANCEMENT 377328 0 91000 0 1779 0 28000 0 27895 0 526002 0 0 0 MATTHEW SPALDING DN OF EDUC PROGRAMS KIRBY CENTER 267991 0 1000 0 1771 0 19606 0 26502 0 316870 0 0 0 ROBERT NORTON VP & GENERAL COUNSEL 241128 0 9000 0 771 0 25068 0 25403 0 301370 0 0 0 DAVID M WHALEN AVP FOR CURRICULUM 220480 0 1000 0 8071 0 23070 0 25926 0 278547 0 0 0 RICHARD P PEWE VP OF ADMIN. AFFAIRS & SECRETARY 224433 0 1000 0 677 0 23500 0 25835 0 275445 0 0 0 DOUG BANBURY VP FOR ADMISSIONS/BUS DEVELOPMENT 207221 0 7852 0 691 0 21769 0 25555 0 263088 0 0 0 CHRISTOPHER VAN ORMAN PROVOST 224530 0 1000 0 388 0 22453 0 12574 0 260945 0 0 0 MATTHEW SCHLIENTZ VP FOR MARKETING 207933 0 1000 0 535 0 21609 0 24838 0 255915 0 0 0 PATRICK H FLANNERY VP FOR FINANCE & TREASURER 173880 0 1000 0 707 0 18514 0 24370 0 218471 0 0 0 PART I, LINE 1A BY THE NATURE OF THE POSITION, THE CEO IS REQUIRED TO FULFILL SEVERAL OBLIGATIONS/COMMITMENTS WHICH MAY RESULT IN TRAVELLING FIRST-CLASS AND/OR CHARTER TO ACCOMMODATE REQUIRED APPOINTMENTS. FURTHER, HIS SPOUSE MAY ACCOMPANY HIM AS DICTATED BY HER REQUIRED PRESENCE FOR AN EVENT. THE CEO HAS AVAILABLE TO HIM A DISCRETIONARY FUND (BUDGETED EACH YEAR) FOR ASSISTING INDIVIDUALS AND/OR PROJECTS IN NEED OF SUPPORT. FURTHER, THE CEO IS REQUIRED TO RESIDE IN COLLEGE-OWNED HOUSING FOR THE PURPOSE OF BEING A PRESENCE ON CAMPUS AND FOR ENTERTAINMENT PURPOSES. AS THE RESULT OF LIVING IN A COLLEGE-OWNED RESIDENCE, THE COLLEGE PROVIDES, AS WITH ALL CAMPUS BUILDINGS, LIGHT HOUSEKEEPING. THE POSITION OF CEO ALSO REQUIRES MEMBERSHIP IN CERTAIN SOCIAL/ACADEMIC ORGANIZATIONS AND THEREFORE THE COLLEGE PROVIDES THE DUES/FEES ASSOCIATED WITH THAT MEMBERSHIP. FROM TIME TO TIME THE COLLEGE UTILIZES THE COLLEGE PRESIDENT'S PERSONAL RESIDENCE FOR COLLEGE EVENTS AND HOUSING OF COLLEGE GUESTS. PART I, LINE 3 THE PRUDENTIAL COMMITTEE (EXECUTIVE COMMITTEE) OF THE BOARD OF TRUSTEES APPROVES THE CEO'S ANNUAL SALARY. THE TREASURER'S OFFICE SECURES SALARY INFORMATION SUPPLIED BY THE CHRONICLE OF HIGHER EDUCATION, IRS FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION CONSULTANTS, AND WRITTEN CONTRACT. THIS INFORMATION IS THEN PROVIDED TO THE PRUDENTIAL COMMITTEE FOR THEIR REVIEW AND EVALUATION. PART I, LINE 5 DEPENDING ON THE LEVELS OF GIFT REVENUE, BONUSES WERE PAID. A MICHIGAN FINANCE AUTHORITY 800596186 NONEAVAIL 2014-09-19 10900000 REFUNDING BONDS 0 0 0 A 10900000 10900000 2014 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 0 A 0 CLEVES DELP TRUSTEE 145635 INVESTMENT ADVISORY SERVICES FEES 0 X 296 23643193 HIGH/LOW FMV AVG X 5 5853180 APPRAISAL X 2 3183000 APPRAISAL X 2 355000 APPRAISAL X 5 170130 APPRAISAL X LIFE INSURANCE POLICY 2 518700 VALUE OF POLICY 0 1 1 PART I, COLUMN (B): THE NUMBER LISTED IN COLUMN C REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: REAL ESTATE AGENTS ASSIST IN THE SELLING OF DONATED REAL ESTATE AND INVESTMENT MANAGERS ASSIST IN THE SELLING OF STOCKS. PART I, LINE 33: DONATED ITEMS OF BOOKS, HOUSEHOLD ITEMS, COLLECTIBLES, AND VARIOUS MISCELLANY WHICH DO NOT HAVE AN APPRAISED VALUE ARE RECORDED AS ZERO GIFT REVENUE. THE DONORS GENERALLY DO NOT REQUEST A TAX-DEDUCTIBLE GIFT RECEIPT OR RECEIVE IN-KIND RECEIPT WITH NO VALUE LISTED. FORM 990, PART III, LINE 1 HILLSDALE COLLEGE IS AN INDEPENDENT INSTITUTION OF HIGHER LEARNING FOUNDED IN 1844 BY MEN AND WOMEN "GRATEFUL TO GOD FOR THE INESTIMABLE BLESSINGS" RESULTING FROM CIVIL AND RELIGIOUS LIBERTY AND "BELIEVING THAT THE DIFFUSION OF LEARNING IS ESSENTIAL TO THE PERPETUITY OF THESE BLESSINGS." IT PURSUES THE STATED OBJECT OF THE FOUNDERS: "TO FURNISH ALL PERSONS WHO WISH, IRRESPECTIVE OF NATION, COLOR, OR SEX, A LITERARY SCIENTIFIC, [AND] THEOLOGICAL EDUCATION" OUTSTANDING AMONG AMERICAN COLLEGES AND TO COMBINE WITH THIS SUCH MORAL AND SOCIAL INSTRUCTION AS WILL BEST DEVELOP THE MINDS AND IMPROVE THE HEARTS OF ITS PUPILS." AS A NONSECTARIAN CHRISTIAN INSTITUTION, HILLSDALE COLLEGE MAINTAINS "BY PRECEPT AND EXAMPLE" THE IMMEMORIAL TEACHINGS AND PRACTICES OF THE CHRISTIAN FAITH. THE COLLEGE ALSO CONSIDERS ITSELF A TRUSTEE OF OUR WESTERN PHILOSOPHICAL AND THEOLOGICAL INHERITANCE TRACING TO ATHENS AND JERUSALEM, A HERITAGE FINDING ITS CLEAREST EXPRESSION IN THE AMERICAN EXPERIMENT OF SELF-GOVERNMENT UNDER LAW. BY TRAINING THE YOUNG IN THE LIBERAL ARTS, HILLSDALE COLLEGE PREPARES STUDENTS TO BECOME LEADERS WORTHY OF THAT LEGACY. BY ENCOURAGING THE SCHOLARSHIP OF ITS FACULTY, IT CONTRIBUTES TO THE PRESERVATION OF THAT LEGACY FOR FUTURE GENERATIONS. BY PUBLICLY DEFENDING THAT LEGACY, IT ENLISTS THE AID OF OTHER FRIENDS OF FREE CIVILIZATION AND THUS SECURES THE CONDITIONS OF ITS OWN SURVIVAL AND INDEPENDENCE. FORM 990, PART VI, SECTION A, LINE 2 CHARLES MCINTYRE, TRUSTEE, IS FATHER-IN-LAW OF JOHN CERVINI, KEY EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES OF THE COLLEGE VOTED TO NOT REVIEW THE 990. THE VICE PRESIDENT FOR FINANCIAL AFFAIRS/TREASURER, AS WELL AS THE CONTROLLER, REVIEW THE 990 FOR THE COLLEGE PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ALL VOTING MEMBERS OF THE BOARD COMPLETE A CONFLICT OF INTEREST POLICY FORM. EACH YEAR, THEY UPDATE THE FORM IF THERE ARE CHANGES. THOSE FORMS ARE KEPT BY THE SECRETARY OF THE BOARD. IF A CONFLICT IS DETERMINED, IT WILL BE BROUGHT TO THE ATTENTION OF THE PRUDENTIAL COMMITTEE OF THE BOARD OF TRUSTEES. BOARD MEMBERS WHO HAVE A CONFLICT OF INTEREST WILL LEAVE THE ROOM DURING DISCUSSION OF THE MATTER AND ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE COLLEGE'S PRESIDENT IS DETERMINED BY THE PRUDENTIAL COMMITTEE OF THE BOARD OF TRUSTEES ALONG WITH RECOMMENDATION BY EXTERNAL CONSULTANTS AND 990 RESULTS LISTED IN THE CHRONICLE OF HIGHER EDUCATION. THE COMPENSATION OF THE OTHER OFFICERS OF THE COLLEGE AS WELL AS KEY EMPLOYEES ARE RECOMMENDED BY THIRD PARTY CONSULTANTS. THIS PROCESS WAS LAST COMPLETED IN FISCAL YEAR 2020. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES, GENERAL: PROGRAM SERVICE EXPENSES 2,237,317. MANAGEMENT AND GENERAL EXPENSES 1,918,552. FUNDRAISING EXPENSES 14,374,487. TOTAL EXPENSES 18,530,356. PROFESSIONAL SERVICES, CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 450,104. FUNDRAISING EXPENSES 159,395. TOTAL EXPENSES 609,499. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS 2,804,472. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES FROM PRIOR YEAR. SAGINAW RIVER HOLDINGS 201 W BIG BEAVER STE 500 TROY MI 48084 801677917 REAL ESTATE HOLDING MI 0 13 HILLSDALE COLLEGE 842 2ND AVENUE LLC 33 EAST COLLEGE STREET HILLSDALE MI 49242 113537380 REAL ESTATE INVESTMENT NY 59115 0 HILLSDALE COLLEGE HILLSDALE COLLEGE INDEPENDENCE FOUNDATION 33 EAST COLLEGE STREET HILLSDALE MI 49242 383491675 SUPPORTING ORGANIZATION TO HILLSDALE COLLEGE MI 501(C)(3) LINE 12A, I HILLSDALE COLLEGE 1 LEE STILLMAN-ROLAND R WITTE SCHOLARSHIP FOUNDATION 33 EAST COLLEGE STREET HILLSDALE MI 49242 320538150 SUPPORTING ORGANIZATION TO HILLSDALE COLLEGE MI 501(C)(3) LINE 12A, I HILLSDALE COLLEGE 1 THE JACK E & GRETA W STALSBY CHARITABLE FOUNDATION TRUST 33 EAST COLLEGE STREET HILLSDALE MI 49242 943458983 PROVIDE SCHOLARSHIPS TO SUPPORT HILLSDALE COLLEGE MI 501(C)(3) PF HILLSDALE COLLEGE INDEPENDENCE FOUNDATION 0 DOROTHY D AND JOSEPH A MOLLER FOUNDATION 33 EAST COLLEGE STREET HILLSDALE MI 49242 746355685 PROVIDE SCHOLARSHIPS TO SUPPORT HILLSDALE COLLEGE MI 501(C)(3) PF HILLSDALE COLLEGE INDEPENDENCE FOUNDATION 0 HC REAL ESTATE HOLDING INC 33 EAST COLLEGE STREET HILLSDALE MI 49242 832541397 SUPPORTING ORGANIZATION OF HILLSDALE COLLEGE MI 501(C)(3) LINE 12A, I HILLSDALE COLLEGE 1 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 LEE STILLMAN-ROLAND R WITTE SCHOLARSHIP FOUNDATION C 1200000 CASH