2026-03-16T15:59:34-05:00 2025-06-30 331498605 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2024-07-01 381945965 DAVENPORT UNIVERSITY DAVE 6164513511 6191 KRAFT AVE SE GRAND RAPIDS MI 49512 ANTHONY ANDERSON EVP OF FINANCE AND CFO 6164513511 2026-03-12 1 1 DORI J EGGETT P00645252 2695674500 2026-03-12 2024 2025-03-06 01:10:19Z ANTHONY ANDERSON 6191 KRAFT AVE SE GRAND RAPIDS MI 49512 127509753 0 X WWW.DAVENPORT.EDU X 1970 MI POST-SECONDARY EDUCATIONAL INSTITUTION PREPARING STUDENTS FOR CAREERS IN BUSINESS, HEALTH, AND TECHNOLOGY. QUALITY, CAREER-ORIENTED ACADEMIC PROGRAMS ARE OFFERED THROUGHOUT THE MAIN CAMPUS IN GRAND RAPIDS AND OTHER CAMPUSES THROUGHOUT MICHIGAN. 12 10 1432 10 48000 45400 7060476 7111449 102956782 108130227 376539 1651175 8714734 9028983 119108531 125921834 40430480 42497502 0 0 41946986 44068490 0 0 835901 40872239 41716956 123249705 128282948 -4141174 -2361114 144141892 140638059 68905009 68685432 75236883 71952627 DAVENPORT UNIVERSITY PREPARES INDIVIDUALS AND ORGANIZATIONS TO EXCEL IN THE KNOWLEDGE-DRIVEN ENVIRONMENT OF THE 21ST CENTURY. 0 0 108938331 42497502 115340393 PROVIDE EDUCATION TO APPROXIMATELY 5,000 STUDENTS AT LOCATIONS THROUGHOUT MICHIGAN, INCLUDING OVER 3,000 SECTIONS OF COURSES AT THE UNDERGRADUATE AND GRADUATE LEVELS OF POST-SECONDARY EDUCATION IN BUSINESS, HEALTH, AND TECHNOLOGY. 1023701 1520402 EDUCATING BUSINESS PROFESSIONALS THROUGH NON-CREDIT COURSES IN VARIOUS AREAS. 109962032 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 385 0 1 1432 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANTHONY ANDERSON EVP OF FINANCE AND CFO 6164513511 6191 KRAFT AVE SE GRAND RAPIDS MI 49512 RICHARD PAPPAS PRESIDENT 40.00 1.00 X X 575108 0 225875 PAULA CUNNINGHAM CHAIR 1.00 0.00 X X 0 0 0 MICHELLE VANDYKE VICE-CHAIRMAN 1.00 0.00 X X 0 0 0 ANTHONY CHANG TRUSTEE 1.00 0.00 X 0 0 0 RAMI FAWAZ TRUSTEE 1.00 0.00 X 0 0 0 DOYLE HAYES TRUSTEE 1.00 0.00 X 0 0 0 KEITH KLINGENBERG TRUSTEE 1.00 0.00 X 0 0 0 ILEANA MCALARY TRUSTEE 1.00 0.00 X 0 0 0 RACHEL MRAZ TRUSTEE 1.00 0.00 X 0 0 0 KENT RIDDLE TRUSTEE 1.00 0.00 X 0 0 0 MARK STIERS TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY ANDERSON TREAS/SEC/EVP FOR FINANCE AND CFO 40.00 1.00 X 300200 0 83006 WALTER O'NEILL EVP FOR ENROLLMENT AND STUDENT SERVICES 40.00 0.00 X 247800 0 141714 GILDA GELY EVP FOR ACADEMICS AND PROVOST 40.00 0.00 X 285675 0 82592 SCOTT EPSTEIN EVP FOR QUALITY AND EFFECTIVENESS 40.00 0.00 X 274179 0 137138 RACHEL RENDER EVP FOR ADVANCEMENT 40.00 1.00 X 258839 0 106731 DEBRA COOPER EVP FOR MARKETING AND COMMUNICATIONS 40.00 0.00 X 243984 0 96727 GERALD NYAMBANE DEAN, COLLEGE OF ARTS AND SCIENCES AND COLLEGE OF 40.00 0.00 X 203892 0 58464 AMY MANSFIELD DEAN - MAINE COLLEGE OF BUSINESS/COLLEGE OF TECH 40.00 0.00 X 203681 0 31119 DAVID VENEKLASE FORMER INTERIM TREAS/SEC/EVP FINANCE AND CFO 0.00 0.00 X 1089454 0 0 3682812 0 963366 38 1 1 0 KRAFT 60TH LLC 5625 PRAIRIE CREEK DRIVE SUITE 100 CALEDONIA MI 49316 BUILDING RENT 1035146 DU APARTMENTS LLC 5625 PRAIRIE CREEK DRIVE SUITE 100 CALEDONIA MI 49316 BUILDING RENT 810727 RUFFALO NOEL LEVITZ LLC 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 STUDENT ENROLLMENT SERVICES 638047 4M BUILDING SOLUTIONS LLC 2827 CLARK AVENUE ST LOUIS MO 63103 FACILITY MAINTENCE SERVICES 498281 ELLUCIAN COMPANY LP 62578 COLLECTIONS CENTER DR CHICAGO IL 60693 COMPUTER SOFTWARE SUBSCRIPTIONS 359301 12 3244693 1420244 2446512 7111449 TUITION/STUDENT FEES 611600 106609825 106609825 NON-CREDIT COURSE FEES 611710 1520402 1520402 108130227 481394 481394 4763 48000 0 0 4763 48000 52763 48000 4763 238184 988250 0 56653 238184 931597 1169781 1169781 10261834 1531266 8730568 8730568 DUES AND EVENT INCOME 900099 245652 245652 245652 125921834 116860795 48000 1901590 40087525 40087525 2409977 2409977 2111352 2111352 32770679 26544717 5691483 534479 1963295 1425667 503107 34521 4840554 3736482 1035400 68672 2382610 1921591 422682 38337 433292 310637 122655 168077 168077 160055 160055 45771 45771 4047503 3487227 536141 24135 3916139 3753638 99641 62860 1073575 950954 108503 14118 3477394 499781 2940787 36826 5750295 5750295 2578339 2506536 55097 16706 432741 275048 157693 1729310 1729310 8286536 8286536 1537569 1537569 ATHLETIC EXPENSE 2560603 2560603 TESTING AND ASSESSMENT 1616280 1616280 EQUIPMENT RENTAL AND MA 1517964 225381 1292003 580 BAD DEBTS 1346452 1346452 1039061 346278 688116 4667 128282948 109962032 17485015 835901 1545696 688129 5200094 5297972 2509939 2549397 4291775 5154905 22000 108185 134996 3386176 3097802 205603912 115196520 95758563 90407392 7842895 8584465 86439 36601 23412130 24664400 144141892 140638059 4499942 4180288 6005401 6442012 31667738 29213065 1475649 2566442 25256279 26283625 68905009 68685432 X 74253501 70339245 983382 1613382 75236883 71952627 144141892 140638059 X -2361114 357539 -1280681 X X 0 1 X 1 1 1 X 7285975 20284688 11881025 7060476 7111449 53623613 7285975 20284688 11881025 7060476 7111449 53623613 13419724 40203889 407869 466404 594978 545328 481394 2495973 22000 48000 48000 46000 52763 216763 104135 105181 105602 488996 245652 1049566 57385915 562876979 0.70060 0.72450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 104,135. 2021 AMOUNT: $ 105,181. 2022 AMOUNT: $ 105,602. 2023 AMOUNT: $ 488,996. 2024 AMOUNT: $ 245,652. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11547117 11547117 150943711 77536353 73407358 41958800 36858065 5100735 904654 802102 102552 249630 249630 90407392 DEFERRED COMPENSATION RETENTION FUND 3859657 INTEREST RATE SWAP ASSET 526585 RIGHT OF USE OPERATING LEASE ASSET 20278158 24664400 OPERATING LEASE LIABILITIES 18309125 POSTRETIREMENT OBLIGATIONS 1231993 DEFERRED COMPENSATION 5866907 CURRENT PORTION OF DEFERRED COMPENSATION 875600 26283625 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICY STATEMENT IS INCLUDED ON VARIOUS PUBLICITY & POLICY STATEMENTS, INCLUDING OUR WEBSITE, COURSE CATALOG, AND ENROLLMENT CATALOG. SCHEDULE E, PART I, LINE 6 STUDENT FINANCIAL AID FOR TUITION CHARGES 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 SCHOLARSHIPS AND STUDY ABROAD PROGRAM N/A 842473 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 SCHOLARSHIPS N/A 677780 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 SCHOLARSHIPS N/A 482624 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 SCHOLARSHIPS N/A 183854 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 SCHOLARSHIPS N/A 143310 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SCHOLARSHIPS N/A 66100 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 SCHOLARSHIPS N/A 13836 0 0 0 0 0 0 2409977 0 2409977 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 4 66100 APPLIED AGAINST STUDENT'S TUITION ACCOUNT N/A N/A SCHOLARSHIPS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 10 183854 APPLIED AGAINST STUDENT'S TUITION ACCOUNT N/A N/A SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 33 842473 APPLIED AGAINST STUDENT'S TUITION ACCOUNT N/A N/A SCHOLARSHIPS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 62 677780 APPLIED AGAINST STUDENT'S TUITION ACCOUNT N/A N/A SCHOLARSHIPS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 8 143310 APPLIED AGAINST STUDENT'S TUITION ACCOUNT N/A N/A SCHOLARSHIPS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 2 13836 APPLIED AGAINST STUDENT'S TUITION ACCOUNT N/A N/A SCHOLARSHIPS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 27 482624 APPLIED AGAINST STUDENT'S TUITION ACCOUNT N/A N/A 0 0 0 0 0 0 1 SCHOLARSHIPS AND TUITION DISCOUNTS TO DAVENPORT UNIVERSITY STUDENTS 6103 37677548 N/A N/A PART I, LINE 2: DAVENPORT UNIVERSITY PROVIDES FUNDING FOR STUDENT SCHOLARSHIPS AND TUITION DISCOUNTS BASED ON MERIT, FINANCIAL NEED, SPECIAL CRITERIA BASED ON RESTRICTED ENDOWMENT FUNDS, AND INFORMATION PROVIDED BY THE STUDENT ON THE SCHOLARSHIP APPLICATION. ALLOCATIONS ARE DETERMINED FOR EACH ACCOUNT BY THE ACCOUNTING AND ADVANCEMENT OFFICES AND DISTRIBUTED TO THE FINANCIAL AID OFFICER RESPONSIBLE FOR SCHOLARSHIPS. THE FINANCIAL AID OFFICE IS RESPONSIBLE FOR COMMUNICATING AWARD GUIDELINES, PROCEDURES, AND REQUIREMENTS, AS WELL AS AWARD AMOUNTS, TO ACCOUNTS RECEIVABLE AND OTHER DEPARTMENTS AS NECESSARY TO ENSURE THE ACCURACY OF THE AWARDS. IN ADDITION, THE FINANCIAL AID OFFICE IS RESPONSIBLE FOR ENSURING THAT AWARDS ARE MADE IN CONJUNCTION WITH THE SCHOLARSHIP CRITERIA AND AWARDED IN THE AMOUNT APPROVED BY THE OFFICE OF ADVANCEMENT. X X 1 1 X X X X 1 1 0 0 0 0 0 1 0 DAVID VENEKLASE FORMER INTERIM TREAS/SEC/EVP FINANCE 0 0 0 0 1089454 0 0 0 0 0 1089454 0 1089454 0 RICHARD PAPPAS PRESIDENT 383008 0 149747 0 42353 0 190346 0 35529 0 800983 0 0 0 SCOTT EPSTEIN EVP FOR QUALITY AND EFFECTIVENESS 188808 0 60331 0 25040 0 102843 0 34295 0 411317 0 0 0 WALTER O'NEILL EVP FOR ENROLLMENT AND STUDENT SERVI 177356 0 58349 0 12095 0 99166 0 42548 0 389514 0 0 0 ANTHONY ANDERSON TREAS/SEC/EVP FOR FINANCE AND CFO 207772 0 67760 0 24668 0 40274 0 42732 0 383206 0 0 0 GILDA GELY EVP FOR ACADEMICS AND PROVOST 206866 0 63840 0 14969 0 67474 0 15118 0 368267 0 0 0 RACHEL RENDER EVP FOR ADVANCEMENT 178241 0 59052 0 21546 0 64205 0 42526 0 365570 0 0 0 DEBRA COOPER EVP FOR MARKETING AND COMMUNICATIONS 162623 0 57161 0 24200 0 62526 0 34201 0 340711 0 0 0 GERALD NYAMBANE DEAN, COLLEGE OF ARTS AND SCIENCES A 171765 0 13766 0 18361 0 15971 0 42493 0 262356 0 0 0 AMY MANSFIELD DEAN - MAINE COLLEGE OF BUSINESS/COL 183576 0 14105 0 6000 0 16112 0 15007 0 234800 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE IS PROVIDED TO CERTAIN EMPLOYEES WHO RECEIVED HOUSING LOANS. INTEREST IS CHARGED AT APPLICABLE IRS RATES AND INCLUDED IN EMPLOYEES' W-2 GROSS INCOME. IN ADDITION, RICHARD PAPPAS IS PAID A MONTHLY HOUSING ALLOWANCE, WHICH TOTALED $30,000 AND IS INCLUDED IN HIS GROSS INCOME. CERTAIN EMPLOYEES HAVE CLUB DUES PAID ON THEIR BEHALF FOR WORK RELATED FUNCTIONS. PART I, LINES 4A-B LINE 4A: DAVID VENEKLASE RECEIVED SEVERANCE PAYMENTS TOTALING $1,089,454 DURING THE TAX YEAR. LINE 4B: THE FOLLOWING INDIVIDUALS PARTICIPATE IN A NONQUALIFIED 457(F) DEFERRED COMPENSATION PLAN AND HAD THE FOLLOWING AMOUNTS CONTRIBUTED TO THE PLAN FOR THE YEAR REPORTED: RICHARD PAPPAS $43,287; GILDA GELY $21,791; WALTER O'NEILL $19,719; ANTHONY ANDERSON $23,183; SCOTT EPSTEIN $21,601; DEB COOPER $19,317; RACHEL RENDER $20,157. IN ADDITION, THE FOLLOWING ALSO PARTICIPATE IN A NONQUALIFIED DEFERRED COMPENSATION PLAN THAT INCLUDES CERTAIN RETENTION BONUSES TO BE PAID IF THEY REMAIN EMPLOYED BY THE UNIVERSITY THROUGH CERTAIN SERVICE DATES. DEFERRED COMPENSATION IN THE AMOUNTS OF $190,346 FOR RICHARD PAPPAS; $59,729 FOR WALTER O'NEILL; $59,729 FOR SCOTT EPSTEIN, $23,892 FOR GILDA GELY, $23,892 FOR DEB COOPER, AND $23,892 FOR RACHEL RENDER ARE INCLUDED IN THEIR TOTAL COMPENSATION REPORTED ON SCHEDULE J UNDER THIS PLAN. PART I, LINE 7 AS INDICATED IN SCHEDULE J, PART II, SEVERAL INDIVIDUALS RECEIVED A BONUS BASED ON PERFORMANCE AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THE PRESIDENT'S BONUS IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND ALSO THE ENTIRE BOARD. ALL OTHER BONUSES PAID OUT ARE REVIEWED BY THE PRESIDENT. A MICHIGAN FINANCE AUTHORITY 800596186 NONEAVAIL 2019-12-16 4791078 SEE PART VI 0 0 0 B MICHIGAN FINANCE AUTHORITY 800596186 NONEAVAIL 2020-09-30 22785000 SEE PART VI 0 0 0 C MICHIGAN FINANCE AUTHORITY 800596186 NONEAVAIL 2024-02-01 8049717 SEE PART VI 0 0 0 A 3649306 4791078 4791078 1 0 1 1 B 4315209 22785000 165000 22620000 1 0 1 1 C 8049717 160994 7888723 1 0 1 1 A 0 1 1 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 1 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 1 1 0 0 0.00400 0.00400 0 0 0 A 0 0 1 0 0 0 0 0 0 B 0 0 1 0 1 1 SEE PART VI 0 0 0 0 0 C 0 0 1 0 1 0 0 0 0 A 0 B 0 C 0 SCHEDULE K, PART I, ROW A, BOND ISSUES: (F) DESCRIPTION OF PURPOSE: REISSUE/REFUND 100% OF OUTSTANDING BONDS RE-ISSUED 10/24/2018 (THE "REISSUED SERIES 2017 BONDS"). THE REISSUED SERIES 2017 BONDS REISSUED/REFUNDED 100% OF OUTSTANDING BONDS ISSUED ON 3/21/2017 (THE "SERIES 2017 BONDS"). THE SERIES 2017 BONDS REFUNDED 100% OF OUTSTANDING BONDS ISSUED 1/19/2006 AND 8/07/2008. SCHEDULE K, PART I, ROW B, BOND ISSUES: (F) DESCRIPTION OF PURPOSE: REFUND 100% OF OUTSTANDING BONDS RE-ISSUED 10/24/2018 (THE "REISSUED SERIES 2012 BONDS") AND 100% OF OUTSTANDING BONDS ISSUED 10/24/2018 (THE "REISSUED SERIES 2015 BONDS"). THE REISSUED SERIES 2012 BONDS REISSUED/REFUNDED 100% OF OUTSTANDING BONDS ISSUED 7/26/2012. THE REISSUED SERIES 2015 BONDS REISSUED/REFUNDED 100% OF OUTSTANDING BONDS ISSUED 8/13/2015. SCHEDULE K, PART I, ROW C, BOND ISSUES: (F) DESCRIPTION OF PURPOSE: REFUND 100% OF OUTSTANDING BONDS ISSUED 10/24/2018 (THE " REISSUED SERIES 2018 BONDS"). THE REISSUED SERIES 2018 BONDS REISSUED/REFUNDED 100% OF OUTSTANDING BONDS ISSUED 12/29/2010, WHICH REFUNDED 100% OF THE OUTSTANDING BONDS ISSUED 8/9/2002 AND 6/19/2004 AND A PORTION OF OUTSTANDING BONDS ISSUED 8/7/2008. SCHEDULE K, PART III, COLUMN C: PART III COLUMN C IS NOT COMPLETED FOR THE PORTION OF THE BONDS WHICH REFUNDED THE PORTION OF THE REISSUED SERIES 2018 BONDS ALLOCATED TO REFUND THE PORTION OF THE SERIES 2010 BONDS ALLOCATED TO REFUND THE MICHIGAN HIGHER EDUCATION FACILITIES AUTHORITY VARIABLE RATE DEMAND LIMITED OBLIGATION REVENUE BONDS, SERIES 2002 (DAVENPORT UNIVERSITY PROJECT), DATED AUGUST 29, 2002 (I.E., BONDS ISSUED PRIOR TO JANUARY 1, 2003). SCHEDULE K, PART III, COLUMNS A AND C, LINE 2: THE LEASE AGREEMENTS ARE FOR LAUNDRY MACHINES IN STUDENT HOUSING FACILITIES AND FOR VENDING MACHINES IN VARIOUS BUILDINGS, BOTH CONSTITUTE INCIDENTAL USE UNDER TREAS. REG. SEC. 1.141-3(D)(5). SCHEDULE K, PART III, COLUMNS A, B AND C, LINE 3A: ONE MANAGEMENT AGREEMENT IS FOR DINING SERVICES AND QUALIFIES FOR THE SAFE HARBOR UNDER REV. PROC. 97-13. SCHEDULE K, PART IV, COLUMN B, LINE 4B OLD NATIONAL BANK AND FIFTH THIRD BANK. SCHEDULE K, PART IV, COLUMN B, LINE 4C 10 YEARS FOR THE OLD NATIONAL BANK SWAP AND 4.8 YEARS FOR THE FIFTH THIRD BANK SWAP. ANTHONY ANDERSON OFFICER HOUSING X 40000 22000 0 0 1 22000 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT AND FINANCE COMMITTEE PRIOR TO FILING. A COPY OF THE FORM 990 IS ALSO PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE STATEMENTS ARE FILED WITH THE UNIVERSITY, AND REVIEWED BY THE CFO/EXECUTIVE VP FOR FINANCE. IF A CONFLICT ARISES, THE BOARD MEMBER WOULD STAY IN THE ROOM, NOT PARTAKE IN CONVERSATION UNLESS ASKED, AND ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE UNIVERSITY'S PRESIDENT AND KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES' COMPENSATION AND CONFLICT OF INTEREST COMMITTEE. THE COMMITTEE REQUIRES THAT A COMPENSATION STUDY TAKE PLACE PERIODICALLY. THE COMPENSATION STUDY INVOLVES HIRING A CONSULTANT TO PERFORM ANALYSIS OF DAVENPORT UNIVERSITY COMPENSATION LEVELS AS COMPARED TO PEER ORGANIZATION'S COMPENSATION INFORMATION GATHERED FROM SURVEYS AND PUBLICLY AVAILABLE DATA. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS FISCAL YEAR 2021/22. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE CHANGE IN INTEREST RATE SWAP AGREEMENT -263,069. CHANGE IN POST RETIREMENT BENEFITS -75,692. ELIMINATIONS FROM CONSOLIDATION -941,920. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN PROCESS FROM THE PRIOR YEAR. DAVENPORT UNIVERSITY FOUNDATION 6191 KRAFT AVE SE GRAND RAPIDS MI 49512 382434184 SUPPORTING ORGANIZATION MI 501(C)(3) LINE 12A, I DAVENPORT UNIVERSITY 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 DAVENPORT UNIVERSITY FOUNDATION C 3244693 CASH DAVENPORT UNIVERSITY FOUNDATION L 838980 FMV