THE TRUSTEES OF GRINNELL COLLEGE: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: THE TRUSTEES OF GRINNELL COLLEGE (EIN 42-0680387)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-03-15
IRS object ID: 201340749349300309
Schema version: 2011v1.5
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
Schedule A
Schedule B
Schedule D
Schedule E
Schedule F
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-03-15T09:07:42-05:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	861065772	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Deloitte Tax LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	50 South Sixth Street	AddressLine1
City	Minneapolis	City
State	MN	State
ZIP Code	55402	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	420680387	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Trustees of Grinnell College	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	TRUS	NameControl
Phone	6412699700	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	733 Broad Street Accounting	AddressLine1
City	Grinnell	City
State	IA	State
ZIP Code	501121690	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Karen Voss	Name
Title	Treasurer	Title
Phone	6412699600	Phone
Date Signed	2013-03-11	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Anne Fulton	Name
PTIN	P00941863	PTIN
Phone	6123974000	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Doing Business As DoingBusinessAs

Field	Value	IRS element (for citing)
Business Name Line1	Grinnell College	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Karen Voss	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	733 Broad Street	AddressLine1
City	Grinnell	City
State	IA	State
ZIP Code	501121690	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	698716897	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	www.grinnell.edu	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1846	YearFormation
State Legal Domicile	IA	StateLegalDomicile
Activity Or Mission Description	To educate students in the liberal arts through free inquiry and the open exchange of ideas.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	28	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	28	NbrIndependentVotingMembers
Total Nbr Employees	2603	TotalNbrEmployees
Total Nbr Volunteers	867	TotalNbrVolunteers
Total Gross UBI	-333651	TotalGrossUBI
Net Unrelated Business Txbl Income	-731184	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	11449305	ContributionsGrantsPriorYear
Contributions Grants Current Year	13032507	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	72793289	ProgramServiceRevenuePriorYear
Program Service Revenue CY	79768487	ProgramServiceRevenueCY
Investment Income Prior Year	40300121	InvestmentIncomePriorYear
Investment Income Current Year	53955568	InvestmentIncomeCurrentYear
Other Revenue Prior Year	4168515	OtherRevenuePriorYear
Other Revenue Current Year	3580106	OtherRevenueCurrentYear
Total Revenue Prior Year	128711230	TotalRevenuePriorYear
Total Revenue Current Year	150336668	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	37927858	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	42605816	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	55686477	SalariesEtcPriorYear
Salaries Etc Current Year	57445722	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	4188648	TotalFundrsngExpCurrentYear
Other Expense Prior Year	41495798	OtherExpensePriorYear
Other Expenses Current Year	39953183	OtherExpensesCurrentYear
Total Expenses Prior Year	135110133	TotalExpensesPriorYear
Total Expenses Current Year	140004721	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-6398903	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	10331947	RevenuesLessExpensesCY
Total Assets BOY	1824684174	TotalAssetsBOY
Total Assets EOY	1699622289	TotalAssetsEOY
Total Liabilities BOY	166397787	TotalLiabilitiesBOY
Total Liabilities EOY	168740121	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1658286387	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1530882168	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	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."	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	76764204	Expense
Grants	41489140	Grants
Revenue	64849742	Revenue
Description	Instructional Programs-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 1,600 students generally from all states and about 50 other countries. Distinguished programs include the Center for Prairie Studies, Center for the Humanities, Center for International Studies, Noun Program in Women's Studies, Peace Studies Program, Rosenfield Public Affairs Program, and the Donald L. Wilson Program in Enterprise and Leadership.See continuation on Schedule O.The College pursues its mission by educating young men and women 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 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 women and men who can think clearly, who can speak and write persuasively and even eloquently, who can evaluate critically both their own and other's 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. 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 advisor 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 one-third of students participate in intercollegiate athletics through membership on varsity teams. Student-regulated residence life, another important feature of the Grinnell College education, teaches students the pragmatic socials skills of self-governance as they live together in a community. The College offers a calendar packed with cultural events and activities, including concerts, lectures, theatre, films and opportunity for volunteer and civic involvement. Grinnell College has never had fraternities or sororities; social events are open to all members of the College. Grinnell College's emphasis on active learning extends to participation in the global community. With international students making up about 10 percent of the student body and domestic students representing every state, Grinnell College 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 College students spend a semester in Off-Campus Study. Nearly all of these students decide to live and study in an academic program outside 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 freedom of each student to choose a unique set of courses is central to the way Grinnell College organizes its curriculum. Students exercise this responsibility not in isolation, but with the active guidance of their faculty advisors 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.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	18807620	Expense
Grants	353191	Grants
Revenue	338210	Revenue
Description	Student Services-Registration, Counseling, Admission and Financial Aid, Health Services, Intercollegiate Athletics, Lectures, Convocations and other student programs.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	18120173	Expense
Grants	763485	Grants
Revenue	0	Revenue
Description	Academic and Institutional Support-Library, Faculty Development, Computer Services, Public Relations, Printing Services, Mail Services, and other expenditures to support the activities of the College.	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Expense	15049671	Expense
Revenue	14580535	Revenue
Description	Other program services include auxiliary enterprises such as housing and food services.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	15049671	TotalOfOtherProgramServiceExp
Total Of Other Program Service Rev	14580535	TotalOfOtherProgramServiceRev
Total Program Service Expense	128741668	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	1	CollectionsOfArt
Credit Counseling	1	CreditCounseling
Term Or Permanent Endowments	1	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	1	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	1	School
Foreign Office	1	ForeignOffice
Foreign Activities	1	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	1	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	1	GrantsToOrganizations
Grants To Individuals	1	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	1	TaxExemptBonds
Invest Tax Exempt Bonds	0	InvestTaxExemptBonds
Escrow Account	0	EscrowAccount
On Behalf Of Issuer	0	OnBehalfOfIssuer
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	1	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	1	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	1	DeductibleNonCashContributions
Deductible Contributions Of Art	1	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	1	RelatedEntity
Related Org Controlled Entity	1	RelatedOrgControlledEntity
Transaction Related Entity	1	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	1	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Info In Schedule O Part V	X	InfoInScheduleOPartV
Number Forms Transmitted With1096	2227	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	2603	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	1	UnrelatedBusinessIncome
Form990-T Filed	1	Form990-TFiled
Foreign Financial Account	1	ForeignFinancialAccount
Name Of Foreign Country	UK	NameOfForeignCountry
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	1	Form8282PropertyDisposedOf
Number Of8282 Filed	1	NumberOf8282Filed
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	28	NbrVotingGoverningBodyMembers
Number Independent Voting Members	28	NumberIndependentVotingMembers
Family Or Business Relationship	1	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	1	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	1	InvestmentInJointVenture
Written Policy Or Procedure	1	WrittenPolicyOrProcedure
Own Website	X	OwnWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	Karen Voss	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	6412699700	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	733 Broad Street	AddressLine1
City	Grinnell	City
State	IA	State
ZIP Code	501121690	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (49 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee	FormerFormer
Trish Fitzgibbons Anderson
Trustee	2.00	X	0	0	0
Robert F Austin
Trustee	1.00	X	0	0	0
David B Braman
Trustee	2.00	X	0	0	0
Thomas R Cech
Trustee	0.00	X	0	0	0
Dr John F Egan
Trustee	2.00	X	0	0	0
Laura M Ferguson
Trustee & Vice Chair	2.00	X	0	0	0	X
Patricia Finkelman
Trustee	2.00	X	0	0	0
Shelley Floyd
Trustee	1.00	X	0	0	0
Harold W Fuson Jr
Trustee	1.00	X	0	0	0
Atul Gupta
Trustee	0.00	X	0	0	0
I Craig Henderson
Trustee	2.00	X	0	0	0
Steve Holtze
Trustee	1.00	X	0	0	0
Kihwan Kim
Trustee	1.00	X	0	0	0
Clinton D Korver
Trustee & Chair	2.00	X	0	0	0	X
Sylvia Kwan
Trustee	1.00	X	0	0	0
Todd C Linden
Trustee	1.00	X	0	0	0
Caroline H Little
Trustee	1.00	X	0	0	0
Paul A McCulley
Trustee	1.00	X	0	0	0
Susan Holden McCurry
Trustee	1.00	X	0	0	0
Gregg Narber
Trustee	1.00	X	0	0	0
Paul G Risser
Trustee & Vice Chair	2.00	X	0	0	0	X
Karen E Shaff
Trustee	2.00	X	0	0	0
M Anne Spence
Trustee	1.00	X	0	0	0
Joel R Spiegel
Trustee	2.00	X	0	0	0
Barret W Thomas
Trustee	1.00	X	0	0	0
Eric E Whitaker
Trustee	2.00	X	0	0	0
David P White
Trustee	1.00	X	0	0	0
Henry T Wingate
Trustee	1.00	X	0	0	0
J Robert Barr
Life Trustee	1.00	X	0	0	0
Nordahl L Brue
Life Trustee	1.00	X	0	0	0
Fred A Little Jr
Life Trustee	1.00	X	2597	0	0
James H Lowry
Life Trustee	1.00	X	0	0	0
Dr Randall Morgan Jr
Life Trustee	1.00	X	0	0	0
Robert C Musser
Life Trustee	1.00	X	0	0	0
John R Price
Life Trustee	1.00	X	0	0	0
Ronald B H Sandler
Life Trustee	1.00	X	782	0	0
Donald M Stewart
Life Trustee	1.00	X	0	0	0
Raynard S Kington
President	60.00		482524	0	81797	X
David S Clay
Chief Investment Officer	60.00		561428	0	40385	X
Karen L Voss
Treasurer	60.00		211854	0	38100	X
Susan M Schoen
Secretary	50.00		90682	0	23212	X
Paula V Smith
VP Acad Affairs & Dean	60.00		218565	0	70396		X
John W Kalkbrenner
VP College Services	50.00		169113	0	53804		X
Michael J Munley
Consultant	1.00		254857	0	35665			X
Scott L Wilson
Dir. Public Investments	50.00		215880	0	39881			X
John H Mutti
Professor of Economics	50.00		195633	0	34214			X
Jennifer E Michaels
Prof German & Humanities	50.00		159805	0	26759			X
W Houston Dougharty
VP Student Affairs	50.00		146518	0	67522			X
James Swartz
Professor of Chemistry	50.00		150372	0	29318				X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	2860610	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	541053	TotalOtherCompensation
Number Individuals GT100 K	60	NumberIndividualsGT100K
Formers Listed	1	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
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	Chicago	IL	60603	Investment Custodian	494440

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	11	NumberOfContractorsGT100K
Government Grants	2678641	GovernmentGrants
All Other Contributions	10353866	AllOtherContributions
Noncash Contributions	437012	NoncashContributions
Total Contributions	13032507	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
Tuition and Fees	900099	64731357	64731357
Auxiliary Services	900099	14344491		$14,344,491
Fees, Sources and Fine	900099	338210		$338,210
Alumni Fees	900099	236044		$236,044
Indirect Cost Recovery	900099	69680		$69,680

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	48705	TotalRevenueColumn
Related Or Exempt Function Income	48705	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	79768487	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	15493242	TotalRevenueColumn
Unrelated Business Revenue	-333651	UnrelatedBusinessRevenue
Exclusion	$15,826,893	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	18974	TotalRevenueColumn
Exclusion	$18,974	ExclusionAmount

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3648426	TotalRevenueColumn
Exclusion	$3,648,426	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	72871	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	161821	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	-88950	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	-88950	TotalRevenueColumn
Exclusion	-$88,950	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	586590914	Securities
Other	70846	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	548141883	Securities
Other	76525	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	38449031	Securities
Other	-5679	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	38443352	TotalRevenueColumn
Exclusion	$38,443,352	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	Other	Description
Business Code	900099	BusinessCode
Total Revenue Column	20630	TotalRevenueColumn
Exclusion	$20,630	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	20630	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	150336668	TotalRevenueColumn
Related Or Exempt Function Income	64780062	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	-333651	UnrelatedBusinessRevenue
Exclusion	$72,857,750	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	389496	Total
Program Services	389496	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	36795033	Total
Program Services	36795033	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	5421287	Total
Program Services	5421287	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	1455002	Total
Management And General	1179050	ManagementAndGeneral
Fundraising	275952	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	1921372	Total
Program Services	807627	ProgramServices
Management And General	723754	ManagementAndGeneral
Fundraising	389991	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	39308099	Total
Program Services	36153105	ProgramServices
Management And General	1620467	ManagementAndGeneral
Fundraising	1534527	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	3470721	Total
Program Services	3171344	ProgramServices
Management And General	157234	ManagementAndGeneral
Fundraising	142143	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	8402072	Total
Program Services	7571989	ProgramServices
Management And General	469704	ManagementAndGeneral
Fundraising	360379	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	2888456	Total
Program Services	2547440	ProgramServices
Management And General	206703	ManagementAndGeneral
Fundraising	134313	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	118183	Total
Program Services	16535	ProgramServices
Management And General	101648	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	203403	Total
Management And General	203403	ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	99503	Total
Management And General	99503	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	2223115	Total
Program Services	1515261	ProgramServices
Management And General	680566	ManagementAndGeneral
Fundraising	27288	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	257443	Total
Program Services	130086	ProgramServices
Management And General	125281	ManagementAndGeneral
Fundraising	2076	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	6653829	Total
Program Services	6047973	ProgramServices
Management And General	158514	ManagementAndGeneral
Fundraising	447342	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	1474127	Total
Program Services	1171136	ProgramServices
Management And General	282001	ManagementAndGeneral
Fundraising	20990	Fundraising

Royalties Royalties

Field	Value	IRS element (for citing)
Total	36615	Total
Program Services	36615	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	5374931	Total
Program Services	5296087	ProgramServices
Management And General	57476	ManagementAndGeneral
Fundraising	21368	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	2553663	Total
Program Services	1938810	ProgramServices
Management And General	291301	ManagementAndGeneral
Fundraising	323552	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	1182916	Total
Program Services	616624	ProgramServices
Management And General	218553	ManagementAndGeneral
Fundraising	347739	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	1330321	Total
Program Services	1330321	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	11558615	Total
Program Services	11157366	ProgramServices
Management And General	292504	ManagementAndGeneral
Fundraising	108745	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	377149	Total
Program Services	377149	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
Dining Prog. Food Costs	2700988	2700988	0	0
Off-Campus Program Cost	2027233	2027233	0	0
Special Programs	335925	286614	41746	7565
UBIT	-220880	0	-220880	0

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1666104	Total
Program Services	1235549	ProgramServices
Management And General	385877	ManagementAndGeneral
Fundraising	44678	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	140004721	Total
Program Services	128741668	ProgramServices
Management And General	7074405	ManagementAndGeneral
Fundraising	4188648	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1490712	BOY
EOY	1290149	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	553571	BOY
EOY	723352	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	8492	BOY
EOY	4246	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	1075442	BOY
EOY	1063851	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	2475787	BOY
EOY	2877346	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	405039458	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	150099090	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	260540706	BOY
EOY	254940368	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	827970319	BOY
EOY	784549069	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	722449218	BOY
EOY	646256627	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	8119927	BOY
EOY	7917281	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1824684174	BOY
EOY	1699622289	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	25016567	BOY
EOY	36081732	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	1536964	BOY
EOY	1288083	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	124253417	BOY
EOY	117158548	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	4720107	BOY
EOY	4482933	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	10870732	BOY
EOY	9728825	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	166397787	BOY
EOY	168740121	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1187451741	BOY
EOY	1095545963	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	374540857	BOY
EOY	336802609	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	96293789	BOY
EOY	98533596	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1658286387	BOY
EOY	1530882168	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1824684174	BOY
EOY	1699622289	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	10331947	ReconcilationRevenueExpenses
Reconcilation Other Changes	-137736166	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	1	FederalGrantAuditRequired
Federal Grant Audit Performed	1	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Art Public Exhibition Amts ArtPublicExhibitionAmts

Field	Value	IRS element (for citing)
Revenues Included	126885	RevenuesIncluded
Assets In Part X	5368175	AssetsInPartX

Held Works Of Art Amts HeldWorksOfArtAmts

Field	Value	IRS element (for citing)
Revenues Included	28260	RevenuesIncluded
Assets In Part X	0	AssetsInPartX

Field	Value	IRS element (for citing)
Collect Used For Public Exhibition	X	CollectUsedForPublicExhibition
Collect Used For Scholar Research	X	CollectUsedForScholarResearch
Collect Used For Preservation	X	CollectUsedForPreservation
Solicited Assets For Sale	1	SolicitedAssetsForSale
Agent Trustee Etc	0	AgentTrusteeEtc
Included On FS	1	IncludedOnFS

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1500219483	BeginningOfYearBalance
Contributions	6271106	Contributions
Investment Earnings Or Losses	-69353459	InvestmentEarningsOrLosses
Grants Or Scholarships	17424397	GrantsOrScholarships
Other Expenditures	35856603	OtherExpenditures
End Of Year Balance	1383856130	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1260593189	BeginningOfYearBalance
Contributions	4248722	Contributions
Investment Earnings Or Losses	284843964	InvestmentEarningsOrLosses
Grants Or Scholarships	15701985	GrantsOrScholarships
Other Expenditures	33764407	OtherExpenditures
End Of Year Balance	1500219483	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1137472042	BeginningOfYearBalance
Contributions	14749865	Contributions
Investment Earnings Or Losses	149816994	InvestmentEarningsOrLosses
Grants Or Scholarships	12540202	GrantsOrScholarships
Other Expenditures	28905510	OtherExpenditures
End Of Year Balance	1260593189	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1533658110	BeginningOfYearBalance
Contributions	2956329	Contributions
Investment Earnings Or Losses	-353011631	InvestmentEarningsOrLosses
Grants Or Scholarships	12468036	GrantsOrScholarships
Other Expenditures	33662730	OtherExpenditures
End Of Year Balance	1137472042	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.70000	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.30000	PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs	0	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	0	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	175100	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	2710092	OtherCostOrOtherBasis
Book Value	2885192	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	525000	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	325222957	OtherCostOrOtherBasis
Depreciation	94611185	Depreciation
Book Value	231136772	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	66245594	OtherCostOrOtherBasis
Depreciation	50487574	Depreciation
Book Value	15758020	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	53939	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	10106776	OtherCostOrOtherBasis
Depreciation	5000331	Depreciation
Book Value	5160384	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	254940368	TotalOfBookValueLandBuildings

Closely Held Equity Interests CloselyHeldEquityInterests

Field	Value	IRS element (for citing)
Book Value	5544825	BookValue
Method Of Valuation	F	MethodOfValuation

Other Securities OtherSecurities (3 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
Marketable Alternatives	203714939	F
Non-Marketable Alternatives	435068675	F
Other	1928188	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	646256627	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Annuities Payable	Description
Amount	$9,728,825	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	9728825	TotalOfAmounts
Total Revenue	150336668	TotalRevenue
Total Expenses	140004721	TotalExpenses
Excess Or Deficit For Year	10331947	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-127994091	NetUnrealizedGLOnInvestments
Other	-$9,742,075	OtherAmount
Total Adjustments	-137736166	TotalAdjustments
Excess Or Deficit Per FS	-127404219	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	-18647801	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-127994091	NetUnrealizedGainsInvestments
Other Revenues	-40921834	OtherRevenues
Revenue Not Rptd F990	-168915925	RevenueNotRptdF990
Revenue Subtotal	150268124	RevenueSubtotal
Other Revenues Not Included	68544	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	68544	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	150336668	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	108756418	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	9687028	OtherExpensesIncluded
Expenses Not Rptd F990	9687028	ExpensesNotRptdF990
Expenses Subtotal	99069390	ExpensesSubtotal
Other Expenses Not Included	40935331	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	40935331	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	140004721	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
Part III, Line 4:	The focus of the Grinnell College art collection is works on paper of all types though it is not exclusively a works on paper collection. The Faulconer Gallery and its art collection promote learning through artistic excellence and creative collaboration. Goals of the Gallery include developing collections that directly support exhibitions, teaching, research and to provide a variety of learning opportunities with art as the primary source using the collection as a dynamic part of the learning process and across the curriculum, facilitating the integration of the gallery and its resources in the classroom and in research.
Part IV, Line 2b:	Grinnell College classifies on Form 990, Part X, Line 21, amounts held for Perkins loans payable, funds held in trust for others related to annuities and student group/other group agency accounts.
Part V, Line 4:	The intended use of the Grinnell College endowment is to provide predictable and stable support for the College's mission as a fine liberal arts college.	Description of Intended Use of Endowment Funds:
Part X:	The College has 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. 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 than likely 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, 2012, there are no uncertain tax 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 2009.	Description of Uncertain Tax Positions Under FIN 48:
	Change in accumulated post retirement obligation -10,077,777. Change in value split-interest agreements 322,205. Change in cash surrender value of life insurance 13,497. Total to Schedule D, Part XI, Line 8: -9,742,075.	Part XI, Line 8 - Other Adjustments:
	Part XII Line 2D- Grants and scholarships $(41,156,211), Unrelated business income tax $220,880 and Change in cash surrender value of life insurance $13,497. Part XII Line 4B- Loss on property $(5,679), Alumni fees $236,044 and Rental expenses $(161,821). Part XIII Line 2D- Loss on property $5,679, Alumni fees $(236,044), Rental expenses $161,821, Change in accumulated post retirement benefit obligation $10,077,777 and Change in value of split-interest agreements $(322,205). Part XIII Line 4B- Grants and scholarships $41,156,211 and Unrelated business income tax $(220,880).

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	1	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	1	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	1	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	1	MaintRacialCompositionRecords
Maint Scholarships Records	1	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	1	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	1	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	0	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	0	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	0	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	0	DiscriminateRaceScholarships
Discriminate Race Educ Policies	0	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	0	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	0	DiscriminateRaceOtherActy
Government Financial Aid Received	1	GovernmentFinancialAidReceived
Government Financial Aid Revoked	0	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	1	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
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 more than 20% of the student body; international students more than 10%. The Colleges nondiscrimination statement is included in the academic course catalog, available in print to all parts of the general community the college serves, as well as on the colleges website (www.grinnell.edu).
Explanation of Government Financial Assistance	Schedule E, Part I, Line 6	Financial aid is received for Pell Grants, SEOG, work study and other grants for students. The College also receives funds for NSF grants.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	1	GrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (27 entries)

RegionRegion	Number Of OfficesNumberOfOffices	Number Of EmployeesNumberOfEmployees	Type Of Activities ConductedTypeOfActivitiesConducted	Total ExpendituresTotalExpenditures	Specific Services ProvidedSpecificServicesProvided
Central America & the Caribbean	0	0	Grant making	514586
East Asia and the Pacific	0	0	Grant making	1345004
Europe (including Iceland & Greenland)	0	0	Grant making	1570870
Middle East and North Africa	0	0	Grant making	285999
North America	0	0	Grant making	166384
Russia & the Newly Independent States	0	0	Grant making	67820
South America	0	0	Grant making	199087
South Asia	0	0	Grant making	559121
Sub-Saharan Africa	0	0	Grant making	712416
Central America & the Caribbean	0	0	Program services	7442	Academic/Education
East Asia and the Pacific	0	0	Program services	66680	Academic/Education
Europe (including Iceland & Greenland)	1	9	Program services	553208	Academic/Education
Middle East and North Africa	0	0	Program services	40761	Academic/Education
North America	0	0	Program services	23441	Academic/Education
Russia & the Newly Independent States	0	0	Program services	17149	Academic/Education
South America	0	0	Program services	13220	Academic/Education
South Asia	0	0	Program services	5196	Academic/Education
Sub-Saharan Africa	0	0	Program services	41519	Academic/Education
Central America & the Caribbean	0	0	Investments (Book Value)	261150043
East Asia and the Pacific	0	0	Investments (Book Value)	32190281
Europe (including Iceland & Greenland)	0	0	Investments (Book Value)	152536085
North America	0	0	Investments (Book Value)	28511543
South America	0	0	Investments (Book Value)	14219594
Central America & the Caribbean	0	0	Investments (Expenditures)	74804501
East Asia and the Pacific	0	0	Investments (Expenditures)	7740617
Europe (including Iceland & Greenland)	0	0	Investments (Expenditures)	81199298
North America	0	0	Investments (Expenditures)	2353725

Field	Value	IRS element (for citing)
Subtotal Number Of Offices	0	SubtotalNumberOfOffices
Subtotal Number Of Employees	0	SubtotalNumberOfEmployees
Cont Number Of Offices	1	ContNumberOfOffices
Cont Number Of Employees	9	ContNumberOfEmployees
Total Number Of Offices	1	TotalNumberOfOffices
Total Number Of Employees	9	TotalNumberOfEmployees
Subtotal Amount Spent	4708871	SubtotalAmountSpent
Cont Amount Spent	656186719	ContAmountSpent
Total Amount Spent	660895590	TotalAmountSpent

Grants To Ind Outside US GrantsToIndOutsideUS (27 entries)

Type Of AssistanceTypeOfAssistance	RegionRegion	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Manner Of Cash DisbursementMannerOfCashDisbursement
Scholarship	Central America & the Caribbean	14	497471	Other
Scholarship	East Asia and the Pacific	51	1283119	Other
Scholarship	Europe (including Iceland & Greenland)	39	1531348	Other
Scholarship	Middle East and North Africa	7	283633	Other
Scholarship	North America	6	162984	Other
Scholarship	Russia & the Newly Independent States	2	67820	Other
Scholarship	South America	7	194307	Other
Scholarship	South Asia	22	542701	Other
Scholarship	Sub-Saharan Africa	17	699742	Other
Prizes	Central America & the Caribbean	2	2000	Check
Prizes	Europe (including Iceland & Greenland)	1	780	Check
Prizes	East Asia and the Pacific	5	4020	Check
Prizes	Middle East and North Africa	1	500	Check
Fellowships	Central America & the Caribbean	2	10135	Check
Fellowships	East Asia and the Pacific	12	23700	Check
Fellowships	Europe (including Iceland & Greenland)	15	25600	Check
Fellowships	Middle East and North Africa	1	1700	Check
Fellowships	North America	2	3400	Check
Fellowships	South Asia	3	12300	Check
Fellowships	Sub-Saharan Africa	3	5100	Check
Internships	East Asia and the Pacific	13	34165	Check
Internships	Europe (including Iceland & Greenland)	4	13142	Check
Internships	South America	1	4780	Check
Internships	South Asia	2	4120	Check
Internships	Sub-Saharan Africa	3	7574	Check
Internships	Middle East and North Africa	1	166	Check
Internships	Central America & the Caribbean	1	4980	Check

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	1	TransferToForeignCorp
Interest In Foreign Trust	0	InterestInForeignTrust
Own Foreign Corp	1	OwnForeignCorp
Passive Foreign Invest Co	1	PassiveForeignInvestCo
Foreign Partnership	1	ForeignPartnership
Boycott Countries	0	BoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV

Field	Value	IRS element (for citing)
Identifier	Procedure for Monitoring Grants Outside the U.S.:	Identifier
Explanation	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.	Explanation

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Recipient Table RecipientTable (9 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EIN Of RecipientEINOfRecipient	IRC SectionIRCSection	Amount Of Cash GrantAmountOfCashGrant	Amount Of Non Cash AssistanceAmountOfNonCashAssistance	Purpose Of GrantPurposeOfGrant
Embrace
201 Spear Street	San Francisco	CA	94105	830509261	501(c)(3)	50000	0	General Support
Global Press Institute
1012 Torney Avenue	San Francisco	CA	94129	204421980	501(c)(3)	100000	0	General Support
Team Rubicon
1030 W Hillcrest Blvd	Ingelwood	CA	90301	271720480	501(c)(3)	50000	0	General Support
Greater Poweshiek Community Foundation
1510 Penrose Street	Grinnell	IA	50112	421298055	501(c)(3)	40190	0	Underpass trail extension, Grinnell Games, Second Mile Building, recycling
Grinnell Area Arts Council
926 Broad Street	Grinnell	IA	50112	421130693	501(c)(3)	14456	0	Stewart Building, Free Imagination program, gardening equipment
Grinnell Area Chamber of Commerce
833 4th Avenue	Grinnell	IA	50112	420286455	501(c)(6)	7500	0	Growth collaborative
Grinnell Community Daycare and Preschool
1426 Penrose Street	Grinnell	IA	50112	420947994	501(c)(3)	30100	0	Capital campaign
Grinnell Regional Medical Center
210 4th Avenue	Grinnell	IA	50112	420933383	501(c)(3)	59600	0	Anesthesia machines and capital campaign
Grinnell-Newburg Community School District
927 4th Avenue	Grinnell	IA	50112	426036570	Gov't Entity	6600	0	Cattle show, library activity fund, seminar coordinator, Ipads, fine arts alliance

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	8	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	1	TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (5 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant
Scholarships	1301	35786861
Prizes	77	66680
Fellowships	238	556408
Internships	92	220484
Awards	8	164600

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	Procedure for Monitoring Grants in the U.S.:	Identifier
Return Reference	Part I, Line 2:	ReturnReference
Explanation	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 makes various reports and presentations on their research or study as required based on individual requirements of the funding. The College awards grants to local organizations which are administered through the office of Community Enhancement and Engagement. Applications are reviewed by a committee of faculty, staff and Grinnell College students from the local area. All financial contributions focus on the strategic priorities of strengthening cultural, recreational, and educational opportunities in the local area as well as initiatives that enhance the safety, beauty, and economic vitality of our surroundings. Grinnell College has assembled a diverse selection committee to evaluate nominees for the Grinnell College Young Innovator for Social Justice Prize. Appointed by the College's president, the selection committee members are all recognized individuals who work for social change in various capacities. Their backgrounds, accomplishments, and experiences reflect the diversity in both Grinnell and the state. These members include one representative each from the College's faculty, student body, alumni, staff and trustees, plus prominent individuals not formally affiliated with Grinnell.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Club Dues Or Fees	X	ClubDuesOrFees
Personal Services	X	PersonalServices
Written Policy Re T And E Expenses	1	WrittenPolicyReTAndEExpenses
Substantiation Required	1	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	1	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	0	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	0	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	0	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	0	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	0	AnyNonFixedPayments
Initial Contract Exception	0	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (11 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Raynard S Kington
462692	0	0	0	19832	0	24500	0	57297	0	564321	0	0	0
David S Clay
532382	0	0	0	29046	0	24500	0	15885	0	601813	0	0	0
Karen L Voss
209882	0	0	0	1972	0	21547	0	16553	0	249954	0	0	0
Paula V Smith
217803	0	0	0	762	0	21715	0	48681	0	288961	0	0	0
John W Kalkbrenner
168533	0	0	0	580	0	17305	0	36499	0	222917	0	0	0
Michael J Munley
139142	0	0	0	115715	0	14271	0	21394	0	290522	0	0	0
Scott L Wilson
215578	0	0	0	302	0	22000	0	17881	0	255761	0	0	0
John H Mutti
193541	0	0	0	2092	0	19710	0	14504	0	229847	0	0	0
Jennifer E Michaels
156991	0	0	0	2814	0	15995	0	10764	0	186564	0	0	0
W Houston Dougharty
146024	0	0	0	494	0	15219	0	52303	0	214040	0	0	0
James Swartz
149111	0	0	0	1261	0	15266	0	14052	0	179690	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)

Return ReferenceReturnReference	ExplanationExplanation
Part I, Line 1a	The President is required to live in College owned housing. The College employs a housekeeper for this housing. The housing benefit is not taxable pursuant to IRC Section 119 as it is a condition of the President's employment at the College. The College also purchased a membership to the local country club which is a taxable benefit to the President.
Part I, Line 4a	The College entered into a separation agreement with Michael J Munley on August 12, 2010 and under the agreement, the College made a payment of $107,030 to Mr. Munley in August 2011 as specified terms and conditions were fulfilled.

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
Iowa Higher Education Loan Authority
421235696	462460E69	2008-06-26	60000000	Facilities construction and improvements	0	0	0
Iowa Higher Education Loan Authority
421235696	462460H74	2010-03-09	65994798	Refund 12/13/01 $50 million bond issue & construction	0	0	0

Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)

Total ProceedsTotalProceeds	Capitalized InterestCapitalizedInterest	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Capital ExpendituresCapitalExpenditures	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind	Amount RetiredAmountRetired	Other Spent ProceedsOtherSpentProceeds	Amount UnspentAmountUnspent
61414112	935956	378597	60099559	2010	0	0	1	1
66322544	554622	404597	13317046	2012	0	1	0	1	5900000	51433447	612833

Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI	Total Private Business UseTotalPrivateBusinessUse	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00310	0.00000	0.00310	1

Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate
0	1	0	0	0	1
0	0	0	0	0	1

Field	Value	IRS element (for citing)
Fed Tax Requirements Compliance	X	FedTaxRequirementsCompliance

Form990 Schedule K Part VI Form990ScheduleKPartVI

Field	Value	IRS element (for citing)
Identifier	Schedule K Supplental Information	Identifier
Explanation	Schedule K, Part I, Line B, Col (f): The purpose of the bonds is to refund the $50,000,000 12/13/2001 bond issue and facilities construction & equipment. Schedule K, Part II, Line 3: Difference from Part I(e) is due to investment earnings. Schedule K, Part II, Line 12, col B: Final allocations for the 2010 bond issue have not been made. The College will retain appropriate books and records when the final allocations are made.	Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part III Form990ScheduleLPartIII (2 entries)

Amount Of GrantAmountOfGrant
ScholarshipGrant
70650
Fellowship
1700

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	Paul Tjossem	BusinessNameLine1

Field	Value	IRS element (for citing)
Relationship	Family member of Paula Smith, VP Academic Affairs & Dean of the College	Relationship
Amount Of Transaction	109170	AmountOfTransaction
Description Of Transaction	Wages & benefits	DescriptionOfTransaction
Sharing Of Revenues	0	SharingOfRevenues

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	3	NumberOfContributions
Noncash Contribs Rptd F990	123445	NoncashContribsRptdF990
Method Of Determining Revenues	Art insurance value	MethodOfDeterminingRevenues

Books And Publications BooksAndPublications

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Noncash Contribs Rptd F990	130	NoncashContribsRptdF990
Method Of Determining Revenues	Cost or selling price	MethodOfDeterminingRevenues

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	45	NumberOfContributions
Noncash Contribs Rptd F990	281737	NoncashContribsRptdF990
Method Of Determining Revenues	NYSE Average High/Low	MethodOfDeterminingRevenues

Collectibles Collectibles

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	31700	NoncashContribsRptdF990
Method Of Determining Revenues	Opinions of experts	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Number Of8283 Received	3	NumberOf8283Received
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	0	ReviewProcessUnusualNCGifts
Third Parties Used	1	ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII

Field	Value	IRS element (for citing)
Identifier	Third Party Use:	Identifier
Return Reference	Part I, Line 32b:	ReturnReference
Explanation	Grinnell College used an auction house to sell Grant Wood prints in fiscal year 2012. Schedule M, Line 31: Gifts that fit the definition of non-standard are not accepted by the College.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
Form 990, Part V, Line 1a:	The College filed 393 1099's and 1,834 1098-T's for a total of 2,227.
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 2012 and therefore not listed in Part VII are Elizabeth Ballantine, Richard W. Booth, Carolyn Swartz Bucksbaum, Robert A. Burnett, Vernon E. Faulconer, Ronald T. Gault, Patricia Meyer Papper, Penny Bender Sebring and Jesse L. Ternberg.
Form 990, Part VI, Section A, line 2	Caroline Little and Fred Little have a family relationship.
Form 990, Part VI, Section A, line 4	The Articles of Incorporation and bylaws of the Trustees of Grinnell College were updated as of February 24, 2012. The Chief Investment Officer was added as an officer of the Corporation. The Chief Investment Officer shall be responsible for the safekeeping of the securities of the Corporation and shall keep them in such place or places as may be designated by the Board of Trustees. Subject to the control of the Board (through the Investment Committee) and under the supervision of the President of the College and such other restrictions as these By-Laws may impose, the Chief Investment Officer shall implement the investment policy and investment sub-policies of the Corporation and administer charitable trusts and similar agreements under which the Corporation is a beneficiary. The Chief Investment Officer shall have the authority to execute and deliver all documents and instruments necessary to effectuate these activities. The Chief Investment Officer shall also render investment reports at such times as the President of the College, the Board, or the Investment Committee may direct. The Chief Investment Officer also shall be responsible for executing investment and trust regulatory filings (including, without limitation, any tax filings). Duties of the Treasurer are now as follows-The Treasurer shall be the chief financial officer of the College and shall be entrusted with and be responsible for the safekeeping of the moneys and funds of the Corporation coming into the Treasurer's hands. Subject to the control of the Board and under the supervision of the President of the College and such other restrictions as these By-Laws may impose, the Treasurer shall collect all funds due the Corporation as principal, interest, or otherwise, and deposit them, as well as all moneys of the Corporation coming into the Treasurer's possession, in the name of the Corporation in such depositories as the President of the College with the approval of the Board may designate. The Treasurer shall perform the functions of cashier, with power to endorse for collection and deposit in the name of the Corporation all checks, drafts, notes, bills of exchange, warrants, and other evidences of indebtedness due the Corporation. He or she shall receive and examine all bills contracted by the Corporation or its proper representatives, and when such bills represent amounts due on goods and services which have been properly requisitioned for and approved, he or she shall draw and sign checks against the corporate depositories for their payment. The Treasurer shall have charge of the books of account of the Corporation and render complete financial statements to the Board at the end of each fiscal year, which statements shall consist of a balance sheet and a statement of income and expenses for the year. The Treasurer shall also render financial statements at such other times as the President of the College, the Board, or any committee thereof may direct. The Treasurer shall also be responsible for executing financial regulatory filings (including, without limitation, any tax filings). The Treasurer shall be the administrator of the Corporation's benefit plans. The Articles of Incorporation were updated to address dissolution of the Corporation as follows-Upon the dissolution of the Corporation, the Board of Trustees shall, after paying or making provision for the payment of all of the liabilities of the Corporation, dispose of all of the assets of the Corporation for one or more exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, or corresponding section of any future federal tax code, or the assets shall be distributed to the federal government, or to a state or local government, for a public purpose.
Form 990, Part VI, Section B, line 11	The 990 was made available for review to all Trustees , the President and Treasurer prior to the February 2013 Trustee meeting. The 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, Treasurer, Dean of Admission & Financial Aid, Vice-President for Diversity & Achievement, Vice-President for Student Affairs, Vice-President for College Services, Assistant Treasurer, Vice-President of College and Alumni Relations, Secretary, Dean of the College, former Dean of the College, Vice-President for Institutional Planning, Vice-President for Finance & Associate Treasurer, Special Assistant to the President, Director of Compensation and Benefits, Director of Student Financial Aid and Director of Facilities Management. The last review was conducted for compensation effective July 1, 2012.
Form 990, Part VI, Section C, line 19	The College makes its Articles of Incorporation, bylaws, conflict of interest policy, financial statements and other key policies (Red Flag, Whistleblower, etc) avaiable to the public via its website-www.grinnell.edu.
Form 990, Part XI, line 5:	Net unrealized losses on investments: -127,994,091. Change in accumulated post retirement obligation -10,077,777. Change in value split-interest agreements 322,205. Change in cash surrender value of life insurance 13,497. Total to Form 990, Part XI, Line 5: -137,736,166.	Changes in Net Assets or Fund Balances:

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	Grinnell College Medical Benefit Plan Trust	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	733 Broad Street	AddressLine1
City	Grinnell	City
State	IA	State
ZIP Code	501121690	ZIPCode

Field	Value	IRS element (for citing)
EIN	421371997	EIN
Primary Activities	Health insurance for employees and retirees	PrimaryActivities
Legal Domicile State	IA	LegalDomicileState
Exempt Code Section	501(c)(9)	ExemptCodeSection
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Controlled Org	1	ControlledOrg

Form990 Schedule R Part III Form990ScheduleRPartIII

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	Red Rock Venture III LP	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	530 Lytton Avenue 2nd Floor	AddressLine1
City	Palo Alto	City
State	CA	State
ZIP Code	94301	ZIPCode

Field	Value	IRS element (for citing)
EIN	770549159	EIN
Primary Activity	Venture Capital	PrimaryActivity
Legal Domicile State	DE	LegalDomicileState
Direct Controlling Entity NA	N/A	DirectControllingEntityNA
Predominant Income Type	Investment	PredominantIncomeType
Share Of Total Income	-1851664	ShareOfTotalIncome
Share Of EOY Assets	3544276	ShareOfEOYAssets
Disproportionate Allocations	0	DisproportionateAllocations
General Or Managing Partner	0	GeneralOrManagingPartner
Percentage Ownership	0.59100	PercentageOwnership

Form990 Schedule R Part IV Form990ScheduleRPartIV (9 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivityPrimaryActivity	Legal Domicile StateLegalDomicileState	Direct Controlling Entity NADirectControllingEntityNA	Type Of EntityTypeOfEntity	Share Of Total IncomeShareOfTotalIncome	Share Of EOY AssetsShareOfEOYAssets	Percentage OwnershipPercentageOwnership
Poweshiek Petroleum Corporation
733 Broad Street Accounting	Grinnell	IA	501121690	730646866	Oil and Gas Production	IL	N/A	C	51814	26841	1.00000
Charitable Remainder Unitrusts (1)
					Trust	CA	N/A
Charitable Remainder Unitrusts (23)
					Trust	IA	N/A
Charitable Remainder Unitrusts (1)
					Trust	IL	N/A
Charitable Remainder Unitrusts (1)
					Trust	MN	N/A
Charitable Remainder Unitrusts (1)
					Trust	MO	N/A
Charitable Remainder Unitrusts (1)
					Trust	TX	N/A
Charitable Remainder Annuity Trusts (2)
					Trust	IA	N/A
Charitable Remainder Annuity Trusts (1)
					Trust	TX	N/A

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	0	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	0	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	0	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	0	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	0	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	0	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	0	ExchangeOfAssets
Rental Of Facilities To Other Orgs	0	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	0	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	0	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	0	PerformOfServicesByOtherOrgs
Sharing Of Facilities	0	SharingOfFacilities
Sharing Of Paid Employees	0	SharingOfPaidEmployees
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	1	OtherTransferToOtherOrg
Other Transfer From Other Org	0	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable

Name Of Other Organization NameOfOtherOrganization

Field	Value	IRS element (for citing)
Business Name Line1	Grinnell College Medical Benefit Plan Trust	BusinessNameLine1

Field	Value	IRS element (for citing)
Transaction Type	Q	TransactionType
Amount Involved	6326879	AmountInvolved
Method Of Amt Determination	Cash	MethodOfAmtDetermination