Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 07-01-2017 , and ending 06-30-2018
Name of foundation
JOHN E FETZER INSTITUTE INC
 
Number and street (or P.O. box number if mail is not delivered to street address)9292 WEST KL AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
KALAMAZOO, MI490095316
A Employer identification number

38-6052788
B Telephone number (see instructions)

(269) 375-2000
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$585,747,720J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,728
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 5,921,964 9,666,556 9,666,556
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 20,556,194
b Gross sales price for all assets on line 6a 117,694,262
7 Capital gain net income (from Part IV, line 2)... 28,239,793
8 Net short-term capital gain......... 5,577,279
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 6,838 375,455 382,293
12 Total. Add lines 1 through 11........ 26,488,724 38,281,804 15,626,128
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 2,020,725 0 0 1,997,463
14 Other employee salaries and wages...... 2,963,511 40,280 40,280 2,705,769
15 Pension plans, employee benefits....... 1,835,322 13,681 13,681 1,686,998
16a Legal fees (attach schedule)......... Click to see attachment 167,597 0 0 155,183
b Accounting fees (attach schedule)....... Click to see attachment 43,431 2,225 2,225 39,696
c Other professional fees (attach schedule).... Click to see attachment 2,256,198 766,806 766,687 1,232,795
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 716,321 176,936 176,936 0
19 Depreciation (attach schedule) and depletion... 927,165 0 0
20 Occupancy.............. 655,631 0 0 773,081
21 Travel, conferences, and meetings....... 736,145 17,429 17,429 812,531
22 Printing and publications.......... 26,897 0 0 21,870
23 Other expenses (attach schedule)....... Click to see attachment 8,628,773 3,053,900 3,052,016 8,695,094
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,977,716 4,071,257 4,069,254 18,120,480
25 Contributions, gifts, grants paid....... 839,093 820,388
26 Total expenses and disbursements. Add lines 24 and 25 21,816,809 4,071,257 4,069,254 18,940,868
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,671,915
b Net investment income (if negative, enter -0-) 34,210,547
c Adjusted net income (if negative, enter -0-)... 11,556,874
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 945,125 161,174 161,174
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet1,000,000
Less: allowance for doubtful accounts bullet0 1,000,000 Click to see attachment1,000,000 1,000,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 304,985 336,613 336,613
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 341,849,824 Click to see attachment136,832,306 136,832,306
c Investments—corporate bonds (attach schedule)....... 63,856,487 Click to see attachment63,104,650 63,104,650
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 143,513,687 Click to see attachment370,799,017 370,799,017
14 Land, buildings, and equipment: basis bullet30,128,415
Less: accumulated depreciation (attach schedule) bullet17,647,145 11,906,673 12,481,270 12,481,270
15 Other assets (describe bullet) Click to see attachment811,904 Click to see attachment1,032,690 Click to see attachment1,032,690
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 564,188,685 585,747,720 585,747,720
Liabilities 17 Accounts payable and accrued expenses.......... 1,455,254 1,373,288
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment7,176,765 Click to see attachment7,709,043
23 Total liabilities (add lines 17 through 22)......... 8,632,019 9,082,331
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 555,556,666 576,665,389
30 Total liabilities and net assets/fund balances (see instructions). 564,188,685 585,747,720
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
555,556,666
2
Enter amount from Part I, line 27a .....................
2
4,671,915
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
16,436,808
4
Add lines 1, 2, and 3 ..........................
4
576,665,389
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
576,665,389
Form 990-PF (2019)
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a NORTHERN TRUST - LONG TERM P    
b NORTHERN TRUST - SHORT TERM P    
c K-1 SHORT TERM P    
d K-1 LONG TERM P    
e K-1 SECTION 1231 GAIN/LOSS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 55,235,962   49,579,054 5,656,908
b 62,458,300   58,598,156 3,860,144
c 1,717,135     1,717,135
d 17,006,000     17,006,000
e     394 -394
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       5,656,908
b       3,860,144
c       1,717,135
d       17,006,000
e       -394
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 28,239,793
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 5,577,279
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 26,015,070 521,166,258 0.049917
2017 13,839,775 491,229,924 0.028174
2016 15,837,566 509,720,813 0.031071
2015 17,721,089 480,347,340 0.036892
2014 24,977,537 424,295,875 0.058868
2
Total of line 1, column (d) .....................
2
0.204922
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.040984
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
569,060,739
5
Multiply line 4 by line 3......................
5
23,322,385
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
342,105
7
Add lines 5 and 6........................
7
23,664,490
8
Enter qualifying distributions from Part XII, line 4,.............
8
20,776,172
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 684,211
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 684,211
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 684,211
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 599,424
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 609,424
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 3,086
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 77,873
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, MI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.FETZER.ORG
    14
    The books are in care ofbulletBRADLEY S MILLER Telephone no.bullet (269) 375-2000

    Located atbullet9292 WEST KL AVENUEKALAMAZOOMI ZIP+4bullet490095316
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ROBERT A BOISTURE PRESIDENT & CEO & TRUSTEE
    40.00     		626,072 27,734 97,050
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    ROBERT F LEHMAN PRESIDENT EMERITUS & TRUSTEE
    40.00     		340,172 27,488 21,735
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    BRUCE M CARLSON EXECUTIVE VICE PRESIDENT & TREASURER &
    40.00     		144,126 6,512 0
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    DEBORAH S HIGGINS VICE PRESIDENT OF PROGRAMS
    40.00     		211,447 21,145 21,931
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    TIMOTHY J JONES VICE PRESIDENT OF OPERATIONS
    40.00     		193,489 19,349 21,644
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    BRADLEY S MILLER ASSISTANT TREASURER & DIRECTOR OF FINA
    40.00     		174,340 17,434 27,382
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    KATHLEEN M CAVANAUGH PLANNING OFFICER/CORPORATE SECRETARY
    40.00     		153,306 15,331 11,416
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    CAROLYN T BROWN CHAIRPERSON OF BOARD
    8.00     		79,010 0 0
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    DANIEL J CARDINALI TRUSTEE
    8.00     		19,753 0 0
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    LYNNE TWIST TRUSTEE
    8.00     		79,010 0 0
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    GILLIAN K GONDA PROGRAM DIRECTOR
    40.00     		132,982 13,298 26,316
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    KURIAN THOMAS PROGRAM DIRECTOR
    40.00     		130,347 13,035 26,748
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    MOHAMMED H MOHAMMED PROGRAM DIRECTOR
    40.00     		127,900 12,790 26,857
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    ANGELA H GRAHAM PROGRAM DIRECTOR
    40.00     		127,900 12,790 11,421
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    JULIE A GANT DIRECTOR OF ISS
    40.00     		114,716 11,472 11,708
    9292 WEST KL AVENUE
    KALAMAZOO,MI49009
    Total number of other employees paid over $50,000...................bullet 27
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    INDEPENDENT SECTOR PROGRAM CONSULTING 1,031,088
    1602 L ST NW STE 900
    WASHINGTON,DC10036
    THE SYNERGOS INSTITUTE PROGRAM CONSULTING 1,000,125
    3 E 54TH ST 14 FL
    NEW YORK,NY10022
    STORY CORPS PROGRAM CONSULTING 1,000,000
    80 HANSON PL STE 2
    BROOKLYN,NY11217
    MILLENNIUMORG PROGRAM CONSULTING 510,000
    245 VALENCIA ST
    SAN FRANCISCO,CA94103
    THE GEORGE WASHINGTON UNIVERSITY PROGRAM CONSULTING 500,300
    2121 EYE STREET NW
    WASHINGTON,DC20052
    Total number of others receiving over $50,000 for professional services.............bullet33
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 WITH A MISSION TO HELP BUILD THE SPIRITUAL FOUNDATION FOR A LOVING WORLD, THE FETZER INSTITUTE WORKS WITH PARTNERS TO CATALYZE A GLOBAL MOVEMENT THAT ENCOURAGES PERSONAL SPIRITUAL EXPLORATION AND NEW WAYS OF KNOWING OUR SACRED WORLD. FETZER'S COLLABORATIONS SUPPORT WORK IN A VARIETY OF DISCIPLINES AND ISSUE AREAS, SUCH AS THE HEALTH OF OUR DEMOCRACY AND THE LANDSCAPE OF SPIRITUALITY IN SOCIETY, AS THE INSTITUTE WORKS TOWARD TRANSFORMED COMMUNITIES AND SOCIETIES IN WHICH ALL PEOPLE CAN FLOURISH. FETZER BELIEVES WE MUST GO BEYOND POLITICAL, SOCIAL, AND ECONOMIC STRATEGIES TO ADDRESS THE PSYCHOLOGICAL AND SPIRITUAL ROOTS OF THE WORLD'S MOST CRITICAL ISSUES. THE INSTITUTE'S CHARITABLE ACTIVITIES SUPPORT PUBLIC PROGRAMMING AND RESOURCES, RESEARCH, SPONSORSHIPS, CONVENINGS, AND OTHER WORK WITH OUR COLLABORATORS THAT ADVANCES THE INSTITUTE'S MISSION.INDEPENDENT SECTOR:A COLLABORATION TO MAINSTREAM INNER WORK IN THE VOLUNTARY SECTOR AND BEYOND. 1,000,000
    2 STORYCORPS INC:SPONSORSHIP OF ONE SMALL STEP, A NEW STORYCORPS PROJECT TO INVITE PEOPLE FROM ACROSS THE COUNTRY TO ENGAGE IN CONVERSATION ACROSS POLITICAL DIVIDES. 1,000,000
    3 THE SYNERGOS INSTITUTE:TO SHOWCASE AND DEMONSTRATE THE EFFICACY OF THE PRACTICES OF INNER WORK, SPIRITUAL DEVELOPMENT, AND BRIDGING LEADERSHIP (A STYLE OF EMOTIONALLY OPEN LEADERSHIP THAT ENABLES COLLABORATION AND LINKS INNER PERSONAL TRANSFORMATION TO OUTWARD FACING SOCIAL ACTION) TO CREATE SUSTAINABLE SOCIAL ACTION AND A MORE LOVING SOCIETY. 850,000
    4 GEORGE WASHINGTON UNIVERSITY:A COLLABORATION TO CREATE A GLOBAL CURRICULUM THAT INTEGRATES SPIRITUALITY THAT WILL BE ADVANCED IN COLLABORATION WITH THE WORLD HEALTH ORGANIZATION. 500,000
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    577,370,167
    b
    Average of monthly cash balances.......................
    1b
    356,472
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    577,726,639
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    577,726,639
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    8,665,900
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    569,060,739
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    28,453,037
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
     
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    18,940,868
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    1,835,304
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    20,776,172
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    20,776,172
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$  
    a Applied to 2018, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2019 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2019.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet
    1995-03-09
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
    11,556,874 12,241,697 5,829,524 6,125,465 35,753,560
    b 85% of line 2a ......... 9,823,343 10,405,442 4,955,095 5,206,645 30,390,526
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		20,776,172 26,177,666 13,839,775 15,837,566 76,631,179
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		818,588 781,737 829,080 982,010 3,411,415
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		19,957,584 25,395,929 13,010,695 14,855,556 73,219,764
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 584,747,720 564,188,685 517,023,002 532,624,243 2,198,583,650
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		18,968,691 17,372,209 16,374,331 16,990,694 69,705,925
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A NETWORK FOR GRATEFUL LIVING INC
    PO BOX 6748
    ITHACA,NY14851     		  PC INSTITUTIONAL SUPPORT 10,000
    ANIMAL'S BEST FRIEND FUND INC
    PO BOX 443
    OSHTEMO,MI49077     		  PC INSTITUTIONAL SUPPORT 16,000
    ATHENS AREA COMMUNITY FOUNDATION
    PO BOX 1543
    ATHENS,GA30603     		  PC INSTITUTIONAL SUPPORT 10,000
    BEACON HOUSE COMMUNITY MINISTRY INC
    PO BOX 29629
    WASHINGTON,DC20017     		  PC INSTITUTIONAL SUPPORT 10,000
    COALITION OF IMMOKALEE WORKERS
    PO BOX 603
    IMMOKALEE,FL34143     		  PC INSTITUTIONAL SUPPORT 6,000
    CULTURE IS NOT OPTIONAL
    PO BOX 1543
    THREE RIVERS,MI49093     		  PC INSTITUTIONAL SUPPORT 10,110
    DIGNITY BOSTON
    PO BOX 170428
    BOSTON,MA02117     		  PC INSTITUTIONAL SUPPORT 6,000
    HERE ARTS CENTER
    145 6TH AVE
    NEW YORK,NY10013     		  PC INSTITUTIONAL SUPPORT 10,000
    KALAMAZOO COMMUNITY FOUNDATION
    402 EAST MICHIGAN AVE
    KALAMAZOO,MI49007     		  PC COMMUNITY GIVING 348,691
    LAKE OF THE ISLES LUTHERAN CHURCH
    2020 W LAKE OF THE ISLES PKWY
    MINNEAPOLIS,MN55405     		  PC INSTITUTIONAL SUPPORT 10,420
    LIGHTHOUSE COMMUNITY CHURCH
    4321 S 11TH ST
    KALAMAZOO,MI49009     		  PC INSTITUTIONAL SUPPORT 14,370
    MT ZION BAPTIST CHURCH
    120 ROBERSON
    KALAMAZOO,MI49007     		  PC INSTITUTIONAL SUPPORT 30,000
    NORTHSTAR SCHOOL
    242 WEST JACKSON ST 452
    HAYWARD,CA94544     		  PC INSTITUTIONAL SUPPORT 10,000
    PACHAMAMA ALLIANCE
    PRESIDIO BLDG 1009
    SAN FRANCISCO,CA94129     		  PC INSTITUTIONAL SUPPORT 30,000
    ST MONICA CHURCH
    4408 S WESTNEDGE AVE
    KALAMAZOO,MI49008     		  PC INSTITUTIONAL SUPPORT 15,720
    UNION CONGREGATIONAL CHURCH
    PO BOX 10
    HACKENSACK,MN56452     		  PC INSTITUTIONAL SUPPORT 13,940
    UNITED WAY OF THE BATTLE CREEK AND KALAMAZOO REGION
    709 S WESTNEDGE AVE
    KALAMAZOO,MI49007     		  PC INSTITUTIONAL SUPPORT 12,555
    VANBUREN COUNTY MENTAL HEALTH
    801 HAZEN ST
    PAW PAW,MI49079     		  PC INSTITUTIONAL SUPPORT 8,000
    WESTERN MICHIGAN UNIVERSITY
    1903 W MICHIGAN
    KALAMAZOO,MI49008     		  PC INSTITUTIONAL SUPPORT 43,859
    WESTERN MICHIGAN UNIVERSITY FOUNDATION
    1903 W MICHIGAN
    KALAMAZOO,MI49008     		  PC INSTITUTIONAL SUPPORT 63,094
    MISCELLANEOUS
    AVAILABLE UPON REQUEST
    KALAMAZOO,MI49009     		  PC INSTITUTIONAL SUPPORT 141,629
    Total .................................bullet 3a 820,388
    bApproved for future payment
    FRACTURED ATLAS
    248 W 35TH ST 10TH FLOOR
    NEW YORK,NY10001     		  PC INSTITUTIONAL SUPPORT 10,000
    MISCELLANEOUS
    AVAILABLE UPON REQUEST
    KALAMAZOO,MI49009     		  PC INSTITUTIONAL SUPPORT 8,705
    Total .................................bullet 3b 18,705
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 5,921,964  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 20,556,194  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aROYALTIES     		    15 1,268  
    bMISCELLANEOUS INCOME     01 5,570  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 26,484,996 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    26,484,996
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 AccountingFeesSchedule
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & AUDIT FEES 43,431 2,225 2,225 39,696

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BRECKINRIDGE 39,428,680 39,428,680
    BRECKINRIDGE 23,675,970 23,675,970

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCKS 55,009 55,009
    AJO 31,972,481 31,972,481
    ARIEL 40,222,867 40,222,867
    CBRE CLARION 12,422,664 12,422,664
    BMO 27,911,665 27,911,665
    HARDING LOEVNER 12,186,062 12,186,062
    T. ROWE PRICE 12,061,558 12,061,558

    TY 2017 InvestmentsOtherSchedule2
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SHORT TERM INVESTMENTS - NORTHERN AT COST 3,601,963 3,601,963
    HEDGE FUNDS AT COST 93,500 93,500
    AJO AT COST 180,256 180,256
    ARIEL AT COST 4,129,058 4,129,058
    BRECKINRIDGE AT COST 1,353,281 1,353,281
    CBRE CLARION AT COST 76,738 76,738
    KING STREET AT COST 248,356 248,356
    ADAGE AT COST 95,681,189 95,681,189
    BAIN X AT COST 3,790,663 3,790,663
    GROTECH AT COST 9,797,291 9,797,291
    MADISON REALTY AT COST 3,806,999 3,806,999
    ROTHSCHILD AT COST 12,569,008 12,569,008
    TRINITY STREET AT COST 48,726,996 48,726,996
    WELLINGTON AT COST 43,785,437 43,785,437
    AJO AT COST 41,750,743 41,750,743
    HIGHFIELDS AT COST 40,067,500 40,067,500
    WELLINGTON AT COST 29,211,482 29,211,482
    ACACIA AT COST 8,545,021 8,545,021
    BPG / EQUUS AT COST 3,646,137 3,646,137
    BRICKMAN AT COST 2,335,799 2,335,799
    EUROPA AT COST 335,875 335,875
    LBA REALTY AT COST 5,658,131 5,658,131
    MADISON REALTY AT COST 4,963,449 4,963,449
    PATRON AT COST 1,964,681 1,964,681
    PHOENIX ASIA REALTY AT COST 4,479,464 4,479,464

    TY 2017 LegalFeesSchedule
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 167,597 0 0 155,183


    TY 2017 OtherAssetsSchedule
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    EMPLOYEE ACCOUNTS RECEIVABLE 0 7,608 7,608
    TAXES RECEIVABLE 0 87,000 87,000
    INVESTMENT ACCRUALS 811,904 938,082 938,082


    TY 2017 OtherExpensesSchedule
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES 234,745 2,093 209 298,824
    TELEPHONE & COMPUTER SERVICES 340,068 0 0 339,002
    POSTAGE 18,746 440 440 19,777
    EQUIPMENT MAINTENANCE 152,934 0 0 119,757
    MEMBERSHIPS 141,383 6,855 6,855 130,413
    LIBRARY 60,090 0 0 70,520
    TRAINING & EMPLOYEE DEVELOPMENT 61,450 0 0 61,719
    CAFETERIA 119,921 0 0 148,136
    INSURANCE & PROPERTY TAXES 142,432 0 0 142,182
    PUBLIC RELATIONS 35,982 0 0 38,241
    CONTRACTED RESEARCH SERVICES 7,310,971 0 0 7,317,336
    MISCELLANEOUS EXPENSES 10,051 89 89 9,187
    K-1 PORTFOLIO & INVESTMENT EXPENSES 0 3,044,423 3,044,423 0


    TY 2017 OtherIncomeSchedule2
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 OTHER INVESTMENT INCOME   375,455 375,455
    ROYALTIES 1,268   1,268
    MISCELLANEOUS INCOME 5,570   5,570


    TY 2017 OtherIncreasesSchedule
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Description Amount
    UNREALIZED GAINS 16,436,808


    TY 2017 OtherLiabilitiesSchedule
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILITY 3,274,000 3,639,000
    POST RETIREMENT HEALTH 3,902,765 4,070,043


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    TY 2017 OtherNotesLoansRcvblLongSch
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    CALVERT FOUNDATION   1,000,000 1,000,000     BALLOON PAYMENT 100.0000000000 % NONE PROVIDE LOW INTEREST LOANS TO NON-PROFIT ORGANIZATION   0

    TY 2017 OtherProfessionalFeesSchedule
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTANT FEES 1,421,242 3,656 3,656 1,232,795
    INVESTMENT MGMT & CUSTODIAL FEES 834,956 763,150 763,031 0


    TY 2017 TaxesSchedule
    Name:
    JOHN E FETZER INSTITUTE INC
    EIN:
    38-6052788
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAXES 351,321 0 0 0
    DEFERRED TAX EXPENSE 365,000 0 0 0
    FOREIGN TAXES PAID / ACCRUED 0 176,936 176,936 0