2026-05-14T15:20:39-05:00 2025-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2024-07-01 042105768 EPISCOPAL DIVINITY SCHOOL EPIS 6467130845 1047 AMSTERDAM AVE NEW YORK NY 10025 MARK MILIOTTO CFOO 6467130845 2026-05-14 1 0 KAREN LO P01434915 2123721000 2024 2025-03-06 01:10:19Z LYDIA BUCKLIN 1047 AMSTERDAM AVE NEW YORK NY 10025 4019239 0 X HTTPS://WWW.EDS.EDU/ X 1867 MA EDUCATION OF PERSONS FOR LEADERSHIP IN CHRISTIAN DENOMINATIONS, AND PARTICULARLY FOR THE EPISCOPAL CHURCH, AND FOR THE MINISTRY THEREOF. 12 12 8 21 0 0 213016 81344 0 8260 1196273 2036685 194283 153318 1603572 2279607 23949 7921 0 0 834470 935218 0 0 19409 1624281 2110461 2482700 3053600 -879128 -773993 88422396 97864397 257460 80532 88164936 97783865 X EDUCATION OF PERSONS FOR LEADERSHIP IN CHRISTIAN DENOMINATIONS, AND PARTICULARLY FOR THE EPISCOPAL CHURCH, AND FOR THE MINISTRY THEREOF. 0 0 832637 7921 8260 EPISCOPAL DIVINITY SCHOOL (THE SCHOOL), A MASSACHUSETTS NONPROFIT CORPORATION THAT WAS ESTABLISHED IN 1974 AS A RESULT OF THE MERGER OF PHILADELPHIA DIVINITY SCHOOL AND EPISCOPAL THEOLOGICAL SCHOOL. THE PURPOSE OF THE SCHOOL IS TO EDUCATE LAY AND ORDAINED LEADERS FOR CHRIST'S CHURCH AND FOR THE WORLD WHO SERVE AND ADVANCE GOD'S MISSION OF JUSTICE, COMPASSION, AND RECONCILIATION.THE SCHOOL'S BOARD OF TRUSTEES (THE BOARD) VOTED ON JULY 21, 2016, TO CEASE GRANTING DEGREES AFTER THE 2016-2017 ACADEMIC YEAR. THE SCHOOL ENTERED INTO AN AFFILIATION AGREEMENT, EFFECTIVE JULY 1, 2017, WITH UNION THEOLOGICAL SEMINARY (UNION). THE AFFILIATION AGREEMENT PROVIDED FOR THE ESTABLISHMENT OF A PROGRAM AT UNION ENTITLED EPISCOPAL DIVINITY SCHOOL AT UNION THEOLOGICAL SEMINARY (THE PROGRAM). STUDENTS WHO ENROLLED IN THE PROGRAM AT UNION EARNED GRADUATE DEGREES FROM UNION AND ALSO FULFILLED REQUIREMENTS FOR ORDINATION IN THE EPISCOPAL CHURCH. ON MARCH 31, 2023, THE SCHOOL AND UNION CANCELED THE AFFILIATION AGREEMENT EFFECTIVE JUNE 30, 2023. DURING THE YEAR ENDED JUNE 30, 2024, THE BOARD APPROVED AN ADDITIONAL $4,400,000 ENDOWMENT DRAW FOR NET ASSETS WITHOUT DONOR RESTRICTIONS TO FUND THE ONE-TIME DISAFFILIATION PAYMENT TO UNION, RESULTING IN A SPENDING RATE ABOVE THE STANDARD 4% POLICY.FOLLOWING ITS DISAFFILIATION FROM UNION, THE SCHOOL CONTINUES TO ADVANCE ITS MISSION THROUGH A RENEWED STRATEGIC FOCUS ON FLEXIBLE, JUSTICE-CENTERED THEOLOGICAL EDUCATION DELIVERED OUTSIDE A TRADITIONAL RESIDENTIAL SEMINARY MODEL. THE SCHOOL HAS EXPANDED ITS PROGRAMMATIC OFFERINGS TO INCLUDE SHORT-FORMAT COURSES, WEBINARS, COLLOQUIA, AND CONVENINGS THAT ADDRESS CONTEMPORARY THEOLOGICAL, SOCIAL-JUSTICE, AND LEADERSHIP-DEVELOPMENT TOPICS. IN LIEU OF OPERATING ITS OWN DEGREE-GRANTING PROGRAM, THE SCHOOL IS PURSUING COLLABORATIVE PARTNERSHIPS WITH ACCREDITED SEMINARIES, DIOCESES, AND OTHER CHURCH BODIES TO SUPPORT FORMATION NEEDS ACROSS THE EPISCOPAL CHURCH AND THE ANGLICAN COMMUNION. THE SCHOOL REMAINS 832637 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 44 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 0 0 0 MA X MARK MILIOTTO 6467130845 1047 AMSTERDAM AVE NEW YORK NY 10025 MATTHEW HEYD CHAIR 1.00 X X 0 0 0 J RALPH COLE VICE CHAIR 1.00 X X 0 0 0 KAY KRAMER SECRETARY AND TREASURER 1.00 X X 0 0 0 MARK MILIOTTO TREASURER (THRU 05/29/2025) 1.00 X X 0 0 0 DR BONNIE ANDERSON TRUSTEE 1.00 X 0 0 0 MARY BARBER TRUSTEE 1.00 X 0 0 0 RANDY CALLENDER TRUSTEE 1.00 X 0 0 0 VICTOR CONRADO TRUSTEE (THRU 02/19/2025) 1.00 X 0 0 0 ANTONIO GALLARDO TRUSTEE 1.00 X 0 0 0 NORMA GUERRA TRUSTEE 1.00 X 0 0 0 GARY HALL PHD TRUSTEE (THRU 05/28/2025) 1.00 X 0 0 0 MALAIKA KAMUNANWIRE TRUSTEE 1.00 X 0 0 0 KEVIN NICHOLS TRUSTEE (THRU 02/19/2025) 1.00 X 0 0 0 EDWARD NILSSON TRUSTEE 1.00 X 0 0 0 TINA PICKERING TRUSTEE 1.00 X 0 0 0 JOHN RABB TRUSTEE (THRU 10/23/2024) 1.00 X 0 0 0 J SIERRA REYES TRUSTEE (THRU 05/28/2025) 1.00 X 0 0 0 ALAN SHIN TRUSTEE 1.00 X 0 0 0 CHARLES WYNDER TRUSTEE (THRU 02/19/2025) 1.00 X 0 0 0 KELLY BROWN DOUGLAS DEAN/INTERIM PRESIDENT (THRU 09/30/2024) 40.00 X 167250 0 60210 LYDIA BUCKLIN DEAN AND PRESIDENT 40.00 X 65968 0 57229 233218 0 117439 1 0 1 0 CAMBRIDGE ASSOCIATES LLC 115 FEDERAL ST SUITE 2600 BOSTON MA 02110 INVESTMENT MANAGEMENT 225000 CLIFTON LARSON ALLEN LLP PO BOX 829709 PHILADELPHIA PA 19182 ACCOUNTING AND HR 174271 GOULSTON STORRS PC 400 ATLANTIC AVE BOSTON MA 02110 LEGAL 127525 3 81344 81344 EVENT REGISTRATION INCOME 900099 8260 8260 8260 1206285 1206285 1570032 1000000 723937 1015695 846095 -15695 830400 830400 CLAIMS/REFUNDS 900099 152125 152125 OTHER INCOME 900099 1193 1193 153318 2279607 8260 0 2190003 X 3091 3091 4830 4830 347008 347008 409689 168535 228423 12731 68900 27291 39412 2197 83829 35061 46193 2575 25792 16390 8906 496 191145 191145 223105 223105 763249 763249 346518 138578 207940 9691 9691 49127 4875 42842 1410 69881 103 69778 71690 71690 105673 20556 85117 4855 4855 27276 27276 38963 38963 SPECIAL EVENTS 134686 66319 68367 REPAIRS AND MAINTAINENC 53122 53122 DUES AND SUBSCRIPTIONS 11442 11442 BAD DEBT EXPENSE 10038 10038 3053600 832637 2201554 19409 1149764 1084399 550105 500394 10038 500 12862 12432 20069 2250300 27276 0 2223024 22786321 14914276 56464176 74613387 7449560 4495486 88422396 97864397 257460 80532 257460 80532 X 46409878 52728801 41755058 45055064 88164936 97783865 88422396 97864397 X -773993 9596504 500192 296226 X X 0 0 0 X 308730 321788 605765 213016 81344 1530643 308730 321788 605765 213016 81344 1530643 30274 1500369 1374893 1319165 4151072 1039994 1206285 9091409 150 16501 194283 153318 364252 10986304 8260 0.13660 0.15850 X EPISCOPAL DIVINITY SCHOOL QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION UNDER IRC 170(B)(1)(A)(VI) BECAUSE IT SATISFIES THE FACTS AND CIRCUMSTANCES TEST SET FORTH IN TREAS REG 1 170A-9(F)(3). FIRST, THE ORGANIZATION SATISFIES THE THRESHOLD CRITERIA IN THE REGULATIONS. IT NORMALLY RECEIVES AT LEAST 10% OF ITS SUPPORT FROM THE GENERAL PUBLIC AND IT CARRIES ON A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. IN ADDITION, THE ORGANIZATION MEETS THE FOLLOWING FACTORS ENUMERATED IN THE REGULATION AS BEING INDICATIVE OF PUBLIC SUPPORT. PERCENTAGE OF FINANCIAL SUPPORT (TREAS REG 1 170A-9(F)(3)(ILL)(A)). DURING THE FIVE-YEAR PERIOD ENDING ON JUNE 30, 2025, THE PORTION OF THE ORGANIZATION'S SUPPORT THAT QUALIFIES AS ELIGIBLE PUBLIC SUPPORT IS 13.66% (SEE SCHEDULE A) WHICH IS IN EXCESS OF THE 10% THRESHOLD. SOURCES OF SUPPORT (TREAS REG 1 170A-9(F)(3)(III)(B)). THE ORGANIZATION RECEIVES ITS PUBLIC SUPPORT FROM INDIVIDUALS OF THE GENERAL PUBLIC, OTHER ENTITIES, AND DOES NOT DEPEND ON A SINGLE SOURCE FOR CONTRIBUTIONS. THE ORGANIZATION IS INDEPENDENT OF ITS CORPORATE CONTRIBUTORS. THE ORGANIZATION RECEIVES INVESTMENT INCOME FROM ITS ENDOWMENT FUNDS THAT WERE CONTRIBUTED BY VARIOUS MEMBERS OF THE PUBLIC. REPRESENTATIVE GOVERNING BODY (TREAS REG 1 170A 9(F)(3)(III)(C)). THE ORGANIZATION IS GUIDED BY A VOLUNTEER BOARD OF COMMUNITY MEMBERS. THESE INDIVIDUALS REPRESENT INTERESTS OF THE GENERAL PUBLIC THAT THE ORGANIZATION SERVES AND THEY ENSURE THAT THE ORGANIZATION OPERATES FOR THE INTERESTS OF THE COMMUNITY AS OPPOSED TO THE PERSONAL OR PRIVATE INTERESTS OF ANY PARTICULAR DONOR. AVAILABILITY OF PUBLIC SERVICES, PUBLIC PARTICIPATION IN PROGRAMS OR POLICIES (TREAS REG 1 170A-9(F)(3)(111)(D)). OVER THE PAST FIVE TAX YEARS, THE ORGANIZATION HAD A MISSION TO EDUCATE LAY AND ORDAINED LEADERS FOR CHRIST'S CHURCH AND FOR THE WORLD WHO SERVE AND ADVANCE GOD'S MISSION OF JUSTICE, COMPASSION, AND RECONCILIATION. THE SCHOOL'S BOARD OF TRUSTEES VOTED ON JULY 21, 2016 TO CEASE GRANTING DEGREES AFTER THE 2016-2017 ACADEMIC YEAR. THE SCHOOL ENTERED INTO AN AFFILIATION AGREEMENT, EFFECTIVE JULY 1, 2017, WITH UNION THEOLOGICAL SEMINARY (UNION). UNION IS A SEMINARY AND A GRADUATE SCHOOL OF THEOLOGY IN NEW YORK CITY. THE AFFILIATION AGREEMENT HAS AN INITIAL TERM THROUGH JUNE 30, 2028, AND ALLOWS FOR RENEWALS FOR SUCCESSIVE TEN-YEAR PERIODS. THE AFFILIATION AGREEMENT PROVIDES FOR THE ESTABLISHMENT OF A PROGRAM AT UNION ENTITLED EPISCOPAL DIVINITY SCHOOL AT UNION THEOLOGICAL SEMINARY (THE PROGRAM). STUDENTS WHO ENROLL IN THE PROGRAM AT UNION WILL EARN GRADUATE DEGREES FROM UNION AND ALSO FULFILL REQUIREMENTS FOR ORDINATION IN THE EPISCOPAL CHURCH. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 80337848 993871 11055606 4660 2377589 90005076 78732416 8059379 1338339 80337848 67080375 7115093 7407948 2871000 78732416 81357309 21103 -11583037 2715000 67080375 64743578 1150 19294581 2682000 81357309 0.55000 0.26000 0.19000 0 0 2250300 27276 2223024 2223024 INTERNATIONAL EQUITY 35944362 F DOMESTIC EQUITY 12579992 F ALTERNATIVE INVESTMENTS 6784591 F COMMINGLED FIXED INCOME 4692777 F HEDGE FUNDS 13473919 F EMERGING MARKETS 1137746 F 74613387 PART III, LINE 4: THE SCHOOL MAINTAINED AND PRESERVED THE FOLLOWING ITEMS FOR PUBLIC DISPLAY: THE CHRIST ON MT. OF OLIVES STATUE, ALLAN CRITE PAINTING COLLECTION, THE BRAMBLE BUSH SCULPTURE, THE PHILADELPHIA CROSS, AND A FEW OTHER MISCELLANEOUS COLLECTION OF ART. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENTS OF THE SCHOOL IS TO SUPPORT THE OPERATIONS OF THE SCHOOL IN FURTHERANCE OF ITS MISSION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 35116000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 2964000 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 142000 0 0 0 0 0 0 38222000 0 38222000 1 0 1 1 1 0 X X 0 0 0 0 0 0 0 0 0 KELLY BROWN DOUGLAS DEAN/INTERIM PRESIDENT (THRU 09/30/2 167250 0 0 0 0 0 60210 0 0 0 227460 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE IS CURRENTLY NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY SENIOR MANAGEMENT AND THE BOARD'S AUDIT COMMITTEE PRIOR TO FILING WITH THE IRS. THE FORM 990 IS SHARED WITH AND REVIEWED BY FULL GOVERNING BODY AFTER FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BY ITS BY-LAWS, THE BOARD OF TRUSTEES OF THE EPISCOPAL DIVINITY SCHOOL HAS ITS COMMITTEE ON TRUSTEESHIP ANNUALLY ASK MEMBER TO COMPLETE A CONFLICT OF INTEREST STATEMENT, AND IS CHARGED TO REVIEW THE PROCESS AND BRING TO THE BOARD'S ATTENTION ANY ISSUES THAT ARISE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AND THROUGH ITS MAILING LIST. THE SCHOOL'S FORM 990 WITHOUT SCHEDULE B IS AVAILABLE TO THE GENERAL PUBLIC VIA CANDID. THE SCHOOL'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 138,578. MANAGEMENT AND GENERAL EXPENSES 207,940. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 346,518. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 285,966. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITY 10,260. FORM 990, PART IV, LINE 12A AND PART XII, LINE 2: THE AUDIT OF FINANCIAL STATEMENTS FOR THE FISCAL YEAR JUNE 30, 2025 IS CURRENTLY IN PROCESS TO BE COMPLETED. CHARITABLE GIFT ANNUITIES CHARITABLE TRUST MA EPISCOPAL DIVINITY SCHOOL 1 PERPETUAL TRUST (6) CHARITABLE TRUST MA EPISCOPAL DIVINITY SCHOOL 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1