2026-02-16T10:06:56-06:00 2025-06-30 381357951 PLANTE & MORAN PLLC 19176 HALL ROAD SUITE 300 CLINTON TOWNSHIP MI 48038 990 2024-07-01 237013727 SCHOOLCRAFT COLLEGE FOUNDATION SCHO 7344624455 18600 HAGGERTY ROAD LIVONIA MI 48152 DAWN MAGRETTA EXECUTIVE DIRECTOR 7344624619 2026-02-13 1 1 DAVID LOWENTHAL P00378651 5864164900 2026-02-13 2024 2025-03-06 01:10:19Z DAWN MAGRETTA 18600 HAGGERTY ROAD LIVONIA MI 48152 3481079 0 X WWW.SCHOOLCRAFT.EDU/FOUNDATION X 1966 MI TO SUPPORT THE PROGRAMS, PURPOSES AND INITIATIVES OF SCHOOLCRAFT COLLEGE. 18 16 0 20 0 0 1593828 2336286 0 0 1081095 855773 5590 289020 2680513 3481079 1312104 1924021 0 0 0 0 0 0 103010 338669 426687 1650773 2350708 1029740 1130371 21620763 24780507 786492 1310777 20834271 23469730 TO SUPPORT THE PROGRAMS, PURPOSES AND INITIATIVES OF SCHOOLCRAFT COLLEGE. 0 0 1199920 1199920 0 GRANTS - TO CREATE NEW OR ENHANCE CURRENT EDUCATIONAL PROGRAMS AT SCHOOLCRAFT COLLEGE. 724101 724101 0 SCHOLARSHIPS - SUPPORT ACADEMIC ACHIEVEMENT AND/OR PROVIDE FOR FINANCIAL NEED. 1924021 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X DAWN MAGRETTA 7344624619 18600 HAGGERTY ROAD LIVONIA MI 481522696 GLENN CERNY EX-OFFICIO 1.00 40.00 X 0 441355 192627 DAWN MAGRETTA EXECUTIVE DIRECTOR 40.00 0.00 X X 0 140117 49191 LOIS MCENTYRE PAST PRESIDENT 1.00 0.00 X X 0 0 0 LYNN COBURN PRESIDENT 1.00 0.00 X X 0 0 0 ROBIN WHITFIELD TREASURER 1.00 0.00 X X 0 0 0 CLYDE RIVARD SECRETARY 1.00 0.00 X X 0 0 0 DAN PAULSON BOARD MEMBER 1.00 0.00 X 0 0 0 MARINA SHOEMEKER BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN WALSH BOARD MEMBER 1.00 0.00 X 0 0 0 JEFF HAMILTON BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID GROTH BOARD MEMBER 1.00 0.00 X 0 0 0 HELEN MCGRATH BOARD MEMBER 1.00 0.00 X 0 0 0 ALEC THOMPSON BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN BRODERICK EX-OFFICIO 1.00 0.00 X 0 0 0 RAM RAMANUJAM BOARD MEMBER 1.00 0.00 X 0 0 0 MARK KNOTH BOARD MEMBER 1.00 0.00 X 0 0 0 MELANIE DUQUESNEL BOARD MEMBER 1.00 0.00 X 0 0 0 KIMBERLY KEATON-WILLIAMS BOARD MEMBER 1.00 0.00 X 0 0 0 0 581472 241818 0 0 1 0 0 2336286 2336286 855773 855773 ALUMNI EVENTS 611710 289020 289020 289020 3481079 0 0 1144793 1199920 1199920 724101 724101 17250 17250 76805 76805 58439 49996 8443 22509 18702 3807 64188 40020 24168 32584 32584 DEVELOPMENT EXPENSES 150156 83564 66592 MEMBERSHIPS 4756 4756 2350708 1924021 323677 103010 600370 1427160 318535 291338 129833 0 24542 14881 20451788 22946502 95695 100626 21620763 24780507 396165 447900 284944 802383 66290 22364 39093 38130 786492 1310777 X 3380952 3789758 17453319 19679972 20834271 23469730 21620763 24780507 X 1130371 1499522 5566 X X 0 1 X 1 0 X 706009 878003 1871111 1593828 2336286 7385237 673899 692790 580119 675434 819648 3441890 1379908 1570793 2451230 2269262 3155934 10827127 1575940 9251187 446905 671923 592467 665227 855773 3232295 14059422 413222 0.65800 0.67480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14943338 766583 1708678 538518 16880081 13416991 627100 1663644 658640 105757 14943338 11813822 830220 1269716 496767 13416991 13282934 414276 -1520244 363144 11813822 9689038 322690 3686830 415624 13282934 0.00000 1.00000 0.00000 0 0 0 LIABILITY UNDER CHARITABLE REMAINDER UNITRUST AND GIFT ANNUITY AGREEMENTS 38130 38130 5805815 1499522 819648 5566 2324736 3481079 0 3481079 3170356 819648 819648 2350708 0 2350708 PART V, LINE 4: DISTRIBUTIONS TO SCHOOLCRAFT COLLEGE FOR SCHOLARSHIPS, GRANTS, AND/OR ANY OTHER PURPOSE APPROVED BY THE BOARD AND ACCEPTED BY THE COLLEGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ACTUARIAL VALUE OF CHARITABLE UNITRUST AGREEMENT 4,792. CHANGE IN VALUE OF BENEFICIAL INTEREST IN REMAINDER TRUSTS 774. 1 SCHOOLCRAFT COLLEGE 18600 HAGGERTY ROAD LIVONIA MI 48152 381685740 115 1199920 0 N/A N/A SCHOLARSHIPS TO STUDENTS AND GENERAL SUPPORT 1 0 SCHOLARSHIPS 572 724101 N/A N/A PART I, LINE 2, PART III, COLUMN (B) ON OR BEFORE THE MARCH BOARD OF GOVERNORS MEETING, THE SPENDING POLICY IS REVIEWED AND APPROVED FOR THE NEXT FISCAL YEAR. BASED ON THE APPROVED POLICY, THE EXECUTIVE DIRECTOR OF THE SCHOOLCRAFT COLLEGE FOUNDATION REVIEWS THE FUND BALANCES AND DETERMINES THE AMOUNTS AVAILABLE TO BE PROVIDED TO THE COLLEGE FOR SCHOLARSHIPS. THE DIRECTOR OF ANNUAL GIVING AND SCHOLARSHIP ADMINISTRATION MATCHES THE FUNDS FOR DISBURSEMENT TO EACH ONLINE SCHOLARSHIP APPLICATION WHICH CONTAINS THE ELIGIBILITY AND CRITERIA FOR EACH AWARD. THE ONLINE APPLICATION SYSTEM OPENS TO STUDENTS ANNUALLY IN FEBRUARY AND REMAINS OPEN FOR THE ACADEMIC YEAR. DEPENDING ON THE AWARD CRITERIA, THE DIRECTOR OF ANNUAL GIVING AND SCHOLARSHIP ADMINISTRATION IS RESPONSIBLE FOR DETERMINING EACH SCHOLARSHIP RECIPIENT INDEPENDENTLY, WITH A COMMITTEE OR ACADEMIC DEPARTMENT REPRESENTATIVE. THE FOUNDATION HAS THE FINAL AUTHORITY OF DETERMINING EACH SCHOLARSHIP RECIPIENT. THE DIRECTOR OF ANNUAL GIVING AND SCHOLARSHIP ADMINISTRATION PROVIDES WRITTEN NOTICE TO THE FINANCIAL AID OFFICE TO HAVE AWARDS PLACED IN STUDENT'S ACCOUNTS. AWARD AMOUNTS ARE DIRECTLY CHARGED BACK TO THE INDIVIDUAL FOUNDATION ACCOUNTS. 0 0 0 0 0 0 0 0 0 GLENN CERNY EX-OFFICIO 0 293038 0 87815 0 60502 0 159963 0 32664 0 633982 0 0 DAWN MAGRETTA EXECUTIVE DIRECTOR 0 118368 0 20961 0 788 0 27533 0 21658 0 189308 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED BY EMAIL TO EACH MEMBER ON THE BOARD INCLUDING THE AUDIT COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ON AN ANNUAL BASIS THOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THIS POLICY IS MONITORED AND ENFORCED BY AN INTERNAL REVIEW EACH YEAR. NEW DISCLOSURE FORMS ARE SUPPLIED TO THE AFFECTED PARTIES ANNUALLY AND COMPLETED FORMS ARE KEPT ON FILE IN THE FOUNDATION OFFICES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN ACTUARIAL VALUE OF CHARITABLE UNITRUST AGREEMENT 4,792. CHANGE IN VALUE OF BENEFICIAL INTEREST IN REMAINDER TRUST 774. SCHOOLCRAFT COLLEGE 18600 HAGGERTY ROAD LIVONIA MI 481522696 381685740 HIGHER EDUCATION MI 115 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0