2024-04-08T11:35:30-05:00 2023-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2022-07-01 320538150 LEE STILLMAN-ROLAND R WITTE SCHOLARSHIP FOUNDATION LEES 5176072239 33 EAST COLLEGE STREET HILLSDALE MI 49242 PATRICK H FLANNERY TRUSTEE 5176072239 2024-04-03 1 PATRICK FLANNERY 999009999 1 AMY CIMINELLO P00796388 2695674500 2024-03-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICK H FLANNERY 33 EAST COLLEGE STREET HILLSDALE MI 49242 46305 0 X N/A X 2017 MI TO RECEIVE AND ADMINISTER THE TESTAMENTARY GIFT MADE TO HILLSDALE COLLEGE BY MRS. LEE S. WITTE. 1 1 0 0 56748 40860 0 0 0 0 258147 46305 0 0 258147 46305 0 1200000 0 0 0 0 0 0 0 229842 208570 229842 1408570 28305 -1362265 23225983 23723173 0 0 23225983 23723173 NONE 0 0 1200000 1200000 0 THE FOUNDATION WAS ESTABLISHED TO RECEIVE AND ADMINISTER, IN PERPETUITY, THE TESTAMENTARY GIFT MADE TO HILLSDALE COLLEGE BY MRS. LEE S. WITTE. 1200000 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 0 0 0 MI X PATRICK H FLANNERY 5176072239 33 EAST COLLEGE STREET HILLSDALE MI 49242 X HILLSDALE COLLEGE INDEPENDENCE FDN TRUSTEE 2.00 X 0 0 0 0 0 0 0 0 0 0 0 46305 56748 -10443 46305 0 56748 -10443 1200000 1200000 6000 6000 202570 202570 1408570 1200000 208570 0 1786496 1929152 1213222 1329015 20226265 20465006 23225983 23723173 0 0 X 24549110 24549110 0 0 -1323127 -825937 23225983 23723173 23225983 23723173 -1362265 1859455 0 X 0 1 X 0 0 X X X 1 HILLSDALE COLLEGE 381374230 2 1 1200000 0 1 1200000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 SCP ENDOWMENT LP 20465006 C 20465006 1 HILLSDALE COLLEGE 33 E COLLEGE STREET HILLSDALE MI 49242 381374230 501(C)3 1200000 0 N/A N/A GENERAL SUPPORT 1 0 PART I, LINE 2: GRANTS ARE PROVIDED TO A RELATED TAX EXEMPT ORGANIZATION, HILLSDALE COLLEGE, AND ARE MONITORED INTERNALLY TO ENSURE THE GRANTS ARE USED FOR THE PROPER PURPOSES. FORM 990, PART VI, SECTION A, LINE 6 HILLSDALE COLLEGE INDEPENDENCE FOUNDATION, A TAX-EXEMPT SUBSIDIARY OF HILLSDALE COLLEGE, IS THE SOLE TRUSTEE OF THE WITTE SCHOLARSHIP FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE LEE STILLMAN - ROLAND R. WITTE SCHOLARSHIP FOUNDATION IS SUPERVISED AND CONTROLLED BY HILLSDALE COLLEGE, A TAX-EXEMPT EDUCATIONAL INSTITUTION DESCRIBED IN SECTIONS 501(C)(3), 509(A)(1) AND 170(B)(1)(A)(II) OF THE CODE. THIS RELATIONSHIP IS STRUCTURED AS FOLLOWS: THE HILLSDALE COLLEGE INDEPENDENCE FOUNDATION, A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(3) OF THE CODE, WHICH SERVES AS THE SOLE TRUSTEE OF THE LEE STILLMAN - ROLAND R. WITTE SCHOLARSHIP FOUNDATION, IS A WHOLLY OWNED SUBSIDIARY OF HILLSDALE COLLEGE. AS THE SOLE SHAREHOLDER OF THE HILLSDALE COLLEGE INDEPENDENCE FOUNDATION, HILLSDALE COLLEGE APPOINTS ALL OF THE DIRECTORS OF THE HILLSDALE COLLEGE INDEPENDENCE FOUNDATION, AND THUS SUPERVISES AND CONTROLS THE LEE STILLMAN - ROLAND R. WITTE SCHOLARSHIP FOUNDATION FOR WHICH THE HILLSDALE COLLEGE INDEPENDENCE FOUNDATION SERVES AS THE SOLE TRUSTEE. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS: AS DETAILED IN ARTICLE XIV OF THE TRUST DOCUMENT, THE TRUSTEE HAS THE POWER AND AUTHORITY TO AMEND AND/OR SUPPLEMENT THIS TRUST AGREEMENT, BY WRITTEN INSTRUCTION, IN SUCH MANNER AS THE TRUSTEE DEEMS NECESSARY IN ORDER TO ENSURE THAT THE TRUST CONTINUES TO QUALIFY AS A TAX-EXEMPT PUBLIC CHARITABLE ORGANIZATION UNDER SECTION 501(C)(3) AND SECTION 509(A)(3) OF THE CODE. THE TRUSTEE SHALL HAVE THE POWER AND AUTHORITY TO AMEND AND/OR SUPPLEMENT THIS TRUST IN ORDER TO PROVIDE FOR A MORE CONVENIENT OR EFFICIENT ADMINISTRATION OF THE TRUST. DUTIES AND POWERS OF TRUSTEE - GENERAL PROVISONS (PER ARTICLE X OF TRUST AGREEMENT): EXCEPT AS IN THIS TRUST AGREEMENT OTHERWISE EXPRESSLY AND SPECIFICALLY PROVIDED, IN ADDITION TO ALL OF THE OTHER POWERS AND AUTHORITY CONFERRED UPON THE TRUSTEE BY THIS TRUST AGREEMENT OR BY APPLICABLE LAW, THE TRUSTEE SHALL POSSESS AND EXERCISE SUCH POWERS AND AUTHORITY WITH RESPECT TO THE TRUST ESTATE AS TO IT, IN ITS SOLE, ABSOLUTE AND UNCONTROLLED DISCRETION, SHALL DEEM NECESSARY, PROPER OR CONVENIENT TO CARRY OUT, PUT INTO EFFECT, OR MAKE OPERATIVE ANY OF THE PROVISIONS OF THIS TRUST AGREEMENT, INCLUDING, BUT NOT BY WAY OF LIMITATION, THE FOLLOWING POWERS AND AUTHORITY: 1. TO RECEIVE ANY MONIES, SECURITIES OR OTHER PROPERTY OF VALUE TO BE ADDED TO THE TRUST ESTATE; 2. TO RECEIVE ANY AND ALL DISTRIBUTIONS OF CASH, WHETHER AS INTEREST, DIVIDENDS, RETURN OF PRINCIPAL OR OTHERWISE, OR PAYMENTS IN LIEU OF CASH, BY REASON OF THE TRUST'S INVESTMENT IN ANY ASSETS; 3. TO DO ANY AND ALL OTHER ACTS REGARDING THE INVESTMENT, MANAGEMENT, DISPOSITION AND CONTROL OF THE TRUST ESTATE WHICH THE TRUSTEE DEEMS NECESSARY OR DESIRABLE FOR THE PROPER ADMINISTRATION OF THE TRUST; 4. TO RETAIN ANY INVESTMENTS IN REAL OR PERSONAL PROPERTY WHICH SHALL COME INTO THE TRUSTEE'S POSSESSION FOR SUCH TIME AS THE TRUSTEE MAY DEEM BEST, IRRESPECTIVE OF THE FACT THAT SUCH INVESTMENTS MAY OR MAY NOT PRODUCE EARNINGS; 5. TO SELL AT A PUBLIC OR PRIVATE SALE IN THE DISCRETION OF THE TRUSTEE, ALL OR ANY PART OF THE PROPERTY, REAL OR PERSONAL, COMPRISING THE TRUST ESTATE; 6. TO BORROW MONEY IN A TRANSACTION USING TRUST PROPERTY AS SECURITY OR IN AN UNSECURED TRANSACTION; 7. TO JOIN IN, OR DIRECT ITS NOMINEE TO JOIN IN, ANY PLAN OF REORGANIZATION OF ANY CORPORATION WHOSE SHARES OF STOCKS, BONDS, OR OTHER SECURITIES CONSTITUTE A PART OF THE TRUST ESTATE; 8. TO HOLD SECURITIES, BONDS, OR ANY OTHER PROPERTY CONSTITUTING A PART, OR ALL, OF THE TRUST ESTATE IN THE NAME OF A NOMINEE, OR IN SUCH FORM AS WILL PASS TITLE UPON DELIVERY; 9. TO DETERMINE WHAT CONSTITUTES EARNINGS OF THE TRUST AND WHAT CONSTITUTES PRINCIPAL, AND THE DETERMINATION AND DECISION OF THE TRUSTEE IN THIS REGARD, EXCEPT AS HEREIN PROVIDED, SHALL BE BINDING AND CONCLUSIVE UPON ALL PARTIES AT ANY TIME INTERESTED IN SUCH PRINCIPAL OR EARNINGS; 10. TO VOTE SECURITIES IN PERSON OR BY PROXY; TO GRANT DISCRETIONARY PROXIES; TO EXERCISE OPTIONS, WARRANTS, OR OTHER RIGHTS WITH RESPECT TO ANY STOCK; TO PARTICIPATE IN A VOTING TRUST OR SIMILAR AGREEMENT; AND TO JOIN IN, OR DIRECT ITS NOMINEE TO JOIN IN, ANY PLAN OF REORGANIZATION, CONSOLIDATION, MERGER, DISSOLUTION, SALE, PURCHASE OR LEASE OF ASSETS, OR SIMILAR TRANSACTIONS, BY ANY CORPORATION WHOSE SHARES OF STOCKS, BONDS, OR OTHER SECURITIES CONSTITUTE A PART OF THE TRUST ESTATE; 11. TO PAY ALL TAXES, ASSESSMENTS, OR OTHER GOVERNMENTAL CHARGES WHICH THE TRUST IS REQUIRED TO PAY; 12. TO EMPLOY SUCH AGENTS, PROFESSIONAL ADVISORS AND EMPLOYEES AS THE TRUSTEE DEEMS NECESSARY OR DESIRABLE FOR THE PROPER ADMINISTRATION OF THE TRUST; 13. TO PAY ALL COSTS, EXPENSES AND CHARGES INCIDENT TO THE PROPER ADMINISTRATION OF THE TRUST, INCLUDING TRUSTEE FEES, TOGETHER WITH THECOST OF ALL AGENTS, PROFESSIONAL ADVISORS AND EMPLOYEES; AND TO DEDUCT ALL SUCH COSTS, EXPENSES AND CHARGES FROM THE EARNINGS (OR FROM THE PRINCIPAL IF THE EARNINGS DO NOT SUFFICE) EXCEPT FOR THOSE CHARGES NORMALLY CHARGED AGAINST PRINCIPAL, WHICH SHALL BE CHARGED AGAINST PRINCIPAL; 14. TO SETTLE, LITIGATE, SUBMIT TO ARBITRATION, OR RELEASE ANY CLAIM IN FAVOR OF OR AGAINST THE TRUST, AND TO PROSECUTE AND DEFEND ANY LEGAL ROCEEDINGS ON BEHALF OF THE TRUST OR THE TRUSTEE IN THE PERFORMANCE OF ITS DUTIES; AND 15. TO ADOPT SUCH BYLAWS, REGULATIONS AND RULES AS THE TRUSTEE DEEMS DESIRABLE FOR THE CONDUCT OF THE BUSINESS OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B COPY PROVIDED TO TRUSTEE TO REVIEW WITH GOVERNING BODY PRIOR TO FILING FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST HILLSDALE COLLEGE 33 E COLLEGE STREET HILLSDALE MI 49242 381374230 EDUCATIONAL INSTITUTION MI 501(C)(3) LINE 2 N/A 0 HILLSDALE COLLEGE INDEPENDENCE FOUNDATION 33 E COLLEGE STREET HILLSDALE MI 49242 383491675 SUPPORTING ORGANIZATION TO HILLSDALE COLLEGE MI 501(C)(3) LINE 12A, I HILLSDALE COLLEGE 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0