2025-03-07T13:51:37-06:00 2024-12-31 331498605 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2024-01-01 386258410 ESTES PALMER FOUNDATION ESTE 5178960061 6400 HEATHFIELD DR EAST LANSING MI 48823 ALLISON BUEGE-WATSON VICE PRESIDENT 5178960061 2025-03-05 1 1 SAMANTHA L BECKER P01344887 2483757100 2025-03-05 2024 2025-03-06 01:10:19Z ALLISON BUEGE-WATSON 6400 HEATHFIELD DR EAST LANSING MI 48823 1531089 0 X N/A X 1972 MI TO PROVIDE FINANCIAL ASSISTANCE TO ADRIAN COLLEGE AND ASBURY THEOLOGICAL SEMINARY. 5 5 0 0 0 0 0 0 0 0 329720 584940 0 0 329720 584940 274602 305436 0 0 10000 10000 0 0 0 75933 65427 360535 380863 -30815 204077 7594539 7798616 0 0 7594539 7798616 TO PROVIDE FINANCIAL ASSISTANCE TO ADRIAN COLLEGE AND ASBURY THEOLOGICAL SEMINARY. 0 0 152718 152718 0 GRANT - ADRIAN COLLEGE 152718 152718 0 GRANT - ASBURY THEOLOGICAL SEMINARY 305436 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 MI X X ALLISON BUEGE-WATSON 5178960061 6400 HEATHFIELD DR EAST LANSING MI 48823 LANCE R LYNCH PRESIDENT 1.00 X X 2000 0 0 ALLISON M BUEGE WATSON VICE PRESIDENT & SECRETARY 1.00 X X 2000 0 0 STEPHEN SERKAIAN TREASURER 1.00 X X 2000 0 0 JEREMY GOUGH DIRECTOR 1.00 X 2000 0 0 MARK J DELUCA DIRECTOR 1.00 X 2000 0 0 10000 0 0 0 0 0 0 0 379166 379166 1151923 946149 205774 205774 205774 584940 0 0 584940 305436 305436 10000 10000 7595 7595 7850 7850 41761 41761 25 25 1326 1326 1532 1532 TAXES 5338 5338 380863 305436 75427 0 130817 202867 7463722 7595749 7594539 7798616 0 0 X 7594539 7798616 0 0 0 0 7594539 7798616 7594539 7798616 204077 0 X 0 0 0 X X 2 ADRIAN COLLEGE 381357980 2 1 152718 0 ASBURY THEOLOGICAL SEMINARY 610445823 2 1 152718 0 2 305436 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 40438 5310 0 0 226040 379166 266478 384476 0 0 0 0 81508 75427 184970 309049 0 0 0 0 8859629 9558453 8859629 9558453 0 0 0 8859629 9558453 132894 143377 8726735 9415076 305436 329528 0 0 305436 329528 184970 157225 305436 305436 0 305436 305436 0 28328 0 0 0 333764 305436 305436 100.000000000000 305436 0 0 0 319224 532866 311250 1163340 0 305436 0 857904 333764 0 333764 0 0 1191668 0 13788 532866 311250 333764 PART IV, SECTION D, LINE 2 THE OFFICERS AND DIRECTORS OF THE ESTES-PALMER FOUNDATION MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH REPRESENTATIVES OF ADRIAN COLLEGE AND REPRESENTATIVES OF ASBURY THEOLOGICAL SEMINARY. REPRESENTATIVES OF ADRIAN COLLEGE AND ASBURY THEOLOGICAL SEMINARY (I) ATTEND BOARD MEETINGS OF THE ESTES-PALMER FOUNDATION THROUGHOUT THE YEAR; (II) COMMUNICATE WITH OFFICERS AND DIRECTORS OF THE ESTES-PALMER FOUNDATION; (III) HAVE ACCESS TO FINANCIAL INFORMATION OF THE ESTES-PALMER FOUNDATION; (IV) RECEIVE FINANCIAL UPDATES AT BOARD MEETINGS OF THE ESTES-PALMER FOUNDATION; (V) SUBMIT SPECIFIC DISTRIBUTION REQUESTS TO THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS ANNUALLY; (VI) ARE PROVIDED WITH A COPY OF THE IRS FORM 990 FOR THE ESTES-PALMER FOUNDATION; AND (VII) HAVE ACCESS TO ORGANIZATIONAL DOCUMENTS OF THE ESTES-PALMER FOUNDATION. PART IV, SECTION D, LINE 3 THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS REGULARLY COMMUNICATES WITH A REPRESENTATIVE OF ADRIAN COLLEGE AND A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY REGARDING THE ESTES-PALMER FOUNDATION'S INVESTMENTS AND PLANS FOR DISTRIBUTIONS. PART V, SECTION D, LINE 8 THE ESTES-PALMER FOUNDATION IS RESPONSIVE TO ADRIAN COLLEGE BECAUSE: (I) THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS AND A REPRESENTATIVE OF ADRIAN COLLEGE HAVE FACE-TO-FACE OR TELEPHONIC MEETINGS FOUR OR MORE TIMES PER YEAR TO DISCUSS ADRIAN COLLEGE'S PROJECTED NEEDS AND WAYS TO USE THE ESTES-PALMER FOUNDATION'S INCOME AND PRINCIPAL AND INVEST THE FOUNDATION'S ASSETS; (II) THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS REGULARLY COMMUNICATES WITH A REPRESENTATIVE OF ADRIAN COLLEGE REGARDING THE ESTES-PALMER FOUNDATION'S INVESTMENTS AND PLANS FOR DISTRIBUTIONS; AND (III) THE ESTES-PALMER FOUNDATION PROVIDES A REPRESENTATIVE OF ADRIAN COLLEGE WITH ANNUAL INVESTMENT ACCOUNT STATEMENTS FOR THE FOUNDATION, AS WELL AS A COPY OF THE FOUNDATION'S IRS FORM 990. BASED ON A CONSIDERATION OF ALL PERTINENT FACTORS, ADRIAN COLLEGE IS ATTENTIVE TO THE ESTES-PALMER FOUNDATION. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: (I) ADRIAN COLLEGE IS ONE OF ONLY TWO ORGANIZATIONS THAT THE ESTES-PALMER FOUNDATION SUPPORTS; (II) THE ESTES-PALMER FOUNDATION HAS SUPPORTED ADRIAN COLLEGE SINCE THE ESTES-PALMER FOUNDATION WAS INCORPORATED IN 1972 (FOR MORE THAN 50 YEARS); (III) A PROMINENT BUILDING ON ADRIAN COLLEGE'S CAMPUS IS NAMED AFTER FLOYD ESTES FOR WHOM THE ESTES-PALMER FOUNDATION IS NAMED; (IV) A REPRESENTATIVE OF ADRIAN COLLEGE ATTENDS BOARD MEETINGS OF THE ESTES-PALMER FOUNDATION; (V) A REPRESENTATIVE OF ADRIAN COLLEGE REGULARLY COMMUNICATES WITH THE OFFICERS AND DIRECTORS OF THE ESTES-PALMER FOUNDATION; AND (VI) ADRIAN COLLEGE REQUESTS DISTRIBUTIONS FROM THE ESTES-PALMER FOUNDATION ANNUALLY. THE ESTES-PALMER FOUNDATION IS RESPONSIVE TO ASBURY THEOLOGICAL SEMINARY BECAUSE: (I) THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS AND A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY HAVE FACE-TO-FACE OR TELEPHONIC MEETINGS FOUR OR MORE TIMES PER YEAR TO DISCUSS ASBURY THEOLOGICAL SEMINARY'S PROJECTED NEEDS AND WAYS TO USE THE ESTES-PALMER FOUNDATION'S INCOME AND PRINCIPAL AND INVEST THE FOUNDATION'S ASSETS; (II) THE ESTES-PALMER FOUNDATION BOARD OF DIRECTORS REGULARLY COMMUNICATES WITH A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY REGARDING THE ESTES-PALMER FOUNDATION'S INVESTMENTS AND PLANS FOR DISTRIBUTIONS; AND (III) THE ASBURY THEOLOGICAL SEMINARY PROVIDES A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY WITH ANNUAL INVESTMENT ACCOUNT STATEMENTS FOR THE FOUNDATION, AS WELL AS A COPY OF THE FOUNDATION'S IRS FORM 990. BASED ON A CONSIDERATION OF ALL PERTINENT FACTORS, ASBURY THEOLOGICAL SEMINARY IS ATTENTIVE TO THE ESTES-PALMER FOUNDATION. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: (I) ASBURY THEOLOGICAL SEMINARY IS ONE OF ONLY TWO ORGANIZATIONS THAT THE ESTES-PALMER FOUNDATION SUPPORTS; (II) THE ESTES-PALMER FOUNDATION HAS SUPPORTED ASBURY THEOLOGICAL SEMINARY SINCE THE ESTES-PALMER FOUNDATION WAS INCORPORATED IN 1972 (FOR MORE THAN 50 YEARS); (III) A PROMINENT BUILDING ON ASBURY THEOLOGICAL SEMINARY'S CAMPUS IS NAMED AFTER FLOYD ESTES FOR WHOM THE ESTES-PALMER FOUNDATION IS NAMED; (IV) A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY ATTENDS BOARD MEETINGS OF THE ESTES-PALMER FOUNDATION; (V) A REPRESENTATIVE OF ASBURY THEOLOGICAL SEMINARY REGULARLY COMMUNICATES WITH THE OFFICERS AND DIRECTORS OF THE ESTES-PALMER FOUNDATION; AND (VI) ASBURY THEOLOGICAL SEMINARY REQUESTS DISTRIBUTIONS FROM THE ESTES-PALMER FOUNDATION ANNUALLY. 0 1100733 C PNC INSTITUTIONAL EQUITY SECURITIES PORTFOLIO 3475354 C PNC INSTITUTIONAL MUTUAL FUNDS FIXED INCOME 2961288 C PNC INSTITUTIONAL EQUITIES 58374 C 7595749 1 ADRIAN COLLEGE 110 S MADISON ADRIAN MI 49221 381357980 501(C)(3) 152718 0 N/A N/A TO ASSIST WITH COLLEGE EXPENSES ASBURY THEOLOGICAL SEMINARY 204 N LEXINGTON WILMORE KY 40390 610445823 501(C)(3) 152718 0 N/A N/A TO ASSIST WITH COLLEGE EXPENSES 2 0 PART I, LINE 2: THE BOARD OF DIRECTORS OF THE ESTES-PALMER FOUNDATION REGULARLY REVIEWS AND MONITORS AWARDED GRANTS THROUGH WRITTEN PROPOSALS AND CORRESPONDENCE WITH THE TWO EDUCATIONAL INSTITUTION GRANT RECIPIENTS (ADRIAN COLLEGE AND ASBURY THEOLOGICAL SEMINARY). FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS RECEIVED AND REVIEWED FOR ACCURACY BY THE BOARD OF DIRECTORS. UPON THEIR APPROVAL, THE 990 IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND OFFICERS. ALL DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND TO NOTIFY THE BOARD OF ANY CONFLICTS THAT MAY ARISE THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15B THE ESTES-PALMER FOUNDATION BOARD OF DIRECTOR COMPENSATION WAS REVIEWED AND REVISED BASED ON COMPARABLE DATA FOLLOWING AN INQUIRY FROM THE MICHIGAN ATTORNEY GENERAL AND SUCH COMPENSATION HAS NOT BEEN CHANGED SINCE THEN. GOING FORWARD, THE ESTES-PALMER FOUNDATION WILL FOLLOW ITS FORMAL COMPENSATION POLICY ADOPTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS AVAILABLE UPON REQUEST. FORM 990 IS ALSO POSTED ANNUALLY ON GUIDESTAR'S WEBSITE.