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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
Frey Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)40 Pearl Street NW 1100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Grand Rapids, MI495033028
A Employer identification number

23-7094777
B Telephone number (see instructions)

(616) 451-0303
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$174,201,865J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 619 619  
4 Dividends and interest from securities... 3,794,649 3,928,287  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 24,421,325
b Gross sales price for all assets on line 6a 356,120,653
7 Capital gain net income (from Part IV, line 2)... 26,966,887
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment -53,604 468,516 0
12 Total. Add lines 1 through 11........ 28,162,989 31,364,309 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 444,889 79,058   365,831
14 Other employee salaries and wages...... 475,769 38,554   437,215
15 Pension plans, employee benefits....... 124,699 21,893   102,806
16a Legal fees (attach schedule)......... Click to see attachment 4,683 703 0 3,980
b Accounting fees (attach schedule)....... Click to see attachment 35,210 5,281 0 29,929
c Other professional fees (attach schedule).... Click to see attachment 1,327,355 702,976 0 92,137
17 Interest............... 17,591     17,591
18 Taxes (attach schedule) (see instructions)... Click to see attachment 448,659 22,156 0 43,282
19 Depreciation (attach schedule) and depletion... Click to see attachment 140,268 21,040 0
20 Occupancy.............. 140,302 21,045   119,257
21 Travel, conferences, and meetings....... 80,450 5,514   74,936
22 Printing and publications.......... 4,293 195   4,102
23 Other expenses (attach schedule)....... Click to see attachment 234,608 15,287 0 215,697
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,478,776 933,702 0 1,506,763
25 Contributions, gifts, grants paid....... 5,689,144 5,487,793
26 Total expenses and disbursements. Add lines 24 and 25 9,167,920 933,702 0 6,994,556
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 18,995,069
b Net investment income (if negative, enter -0-) 30,430,607
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 92 61 61
2 Savings and temporary cash investments......... 7,598,230 9,163,885 9,163,885
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   8,459 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) bullet0
Less: allowance for doubtful accounts bullet0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 100,561 112,218 112,218
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 11,308,787 Click to see attachment0 0
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 138,907,147 Click to see attachment162,109,469 162,109,469
14 Land, buildings, and equipment: basis bullet1,208,444
Less: accumulated depreciation (attach schedule) bullet510,243 820,605 Click to see attachment698,201 698,201
15 Other assets (describe bullet) Click to see attachment1,189,596 Click to see attachment2,118,031 Click to see attachment2,118,031
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 159,933,477 174,201,865 174,201,865
Liabilities 17 Accounts payable and accrued expenses.......... 120,964 38,533
18 Grants payable................. 1,680,649 1,827,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 676,338 Click to see attachment576,929
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 2,477,951 2,442,462
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........... 157,455,526 171,759,403
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)..... 157,455,526 171,759,403
30 Total liabilities and net assets/fund balances (see instructions). 159,933,477 174,201,865
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
157,455,526
2
Enter amount from Part I, line 27a .....................
2
18,995,069
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
176,450,595
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,691,192
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
171,759,403
Form 990-PF (2021)
Form 990-PF (2021)
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 REALIZED INVESTMENT GAIN/(LOSSES) P    
b
c
d
e
(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 356,120,653   329,153,766 26,966,887
b
c
d
e
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     0 26,966,887
b
c
d
e
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 26,966,887
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 0
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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  
3 Add lines 1 and 2........................... 3 422,985
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 422,985
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 430,916
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 430,916
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,931
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet7,931 RefundedBullet 11 0
Part VI-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 the instructions
for the 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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletHTTP://FREYFDN.ORG/
    14
    The books are in care ofbulletKEN LONG Telephone no.bullet (616) 451-4543

    Located atbullet40 PEARL ST NW SUITE 1100GRAND RAPIDSMI ZIP+4bullet495033028
    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
    0
    16 At any time during calendar year 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    KENNETH E LONG CFO & COO
    40.000     		114,805 25,469 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    MARY FREY BENNETT CHAIR
    18.000     		47,000 0 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    ELEONORA H FREY ZAGEL VICE CHAIR
    10.000     		36,000 0 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    DAVID G FREY JR TREASURER
    10.000     		38,500 0 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    SARAH R FREY ROSE SECRETARY
    10.000     		24,500 0 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    DAVID G FREY TRUSTEE EMERITUS
    3.000     		1,500 0 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    EDWARD J FREY JR TRUSTEE
    3.000     		8,500 0 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    CAMPBELL W FREY TRUSTEE
    3.000     		11,000 0 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    KATRINE E FREY TRUSTEE
    3.000     		11,500 0 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    LAURA D FREY TRUSTEE
    3.000     		13,500 0 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    MARY CAROLINE FREY TRUSTEE EMERITUS
    0.000     		0 0 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    JOHN M FREY TRUSTEE EMERITUS
    0.000     		0 0 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    HOLLY A JOHNSON PRESIDENT
    40.000     		248,304 30,870 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    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
    LYNNETTE J FERRELL PROGRAM DIRECTOR
    40.000     		149,147 16,193 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    SARAH J MIX PROGRAM ASSOCIATE
    40.000     		67,934 7,379 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    BRYANA L HOPKINS PROGRAM ASSOciate
    40.000     		68,434 6,737 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    CHRISTINA B GILL Executive Assistant
    40.000     		52,140 20,489 0
    40 PEARL STREET NW SUITE 1100
    GRAND RAPIDS,MI49503
    Total number of other employees paid over $50,000...................bullet 4
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    MONTICELLO ASSOCIATES INC Investment Consultant 200,000
    1800 Larimer Street
    Suite 2100
    Denver,CO80202
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-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  
    2  
    3  
    4  
    Part VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    169,047,137
    b
    Average of monthly cash balances.......................
    1b
    213,600
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    169,260,737
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    169,260,737
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,538,911
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    166,721,826
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    8,336,091
    Part X
    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 IX, line 6..................
    1
    8,336,091
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    422,985
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    422,985
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,913,106
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    7,913,106
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    7,913,106
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 7,913,106
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 6,499,317
    b Total for prior years:20, 20, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 0
    b From 2017...... 0
    c From 2018...... 0
    d From 2019...... 0
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 6,994,556
    a Applied to 2020, but not more than line 2a 6,499,317
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 495,239
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021.   0
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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 ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		7,417,867
    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) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017.... 0
    b Excess from 2018.... 0
    c Excess from 2019.... 0
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, enter the date of the ruling ....... bullet
     
    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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    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) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    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).)
    none
    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.
    none
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    HOLLY A JOHNSON
    40 PEARL STREET NW Ste 1100
    GRAND RAPIDS,MI45903
    (616) 451-0303
    CONTACT@FREYFDN.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    STANDARD APPLICATION FORM AVAILABLE UPON REQUEST FROM ADDRESS ABOVE OR AT THE FOUNDATION'S WEBSITE: WWW.FREYFDN.ORG
    cAny submission deadlines:
    DUE TWELVE WEEKS PRIOR TO SCHEDULED DATE OF BOARD FUNDING MEETINGS, HELD IN FEB, MAY, AUG, AND NOV.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOR COMMUNITY-BASED OR REGIONAL PROJECTS, THE FOUNDATION FOCUSES ON PROPOSALS FROM ORGANIZATIONS AND AGENCIES SERVING KENT, EMMET OR CHARLEVOIX COUNTIES. THE FOUNDATION ALSO ACCEPTS PROPOSALS FROM CHARITABLE ORGANIZATIONS WITH A STATE-LEVEL PRESENCE OR STATE GOVERNMENT AGENCIES WHOSE PROPOSAL MAY HAVE A DIRECT IMPACT ON THE FREY FOUNDATION'S GEOGRAPHIC TARGET AREAS.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    Forest Hills Northern High School
    3801 Leonard St NE
    Grand Rapids,MI49525     		Grantee GOV Forest Hills NHS Woodworking 40
    Grand Rapids Community Foundation
    185 Oakes St SW
    Grand Rapids,MI49503     		Grantee PC The Veldink Memorial Scholarship Fund at the Hudsonville/Jenison Community Foundation, in memory of Kate Veldink 50
    Southwest Michigan Land Conservancy
    8395 E Main St
    Galesburg,MI49053     		Grantee PC In memory of Robert G. Stickland 75
    Foundation for Muskegon Community College
    221 S Quarterline Rd
    Muskegon,MI49442     		Grantee PC MCC - Nesbary Endowed Scholarship Fund 100
    Grand Rapids Urban League Inc
    745 Eastern Ave SE
    Grand Rapids,MI49503     		Grantee PC MLK Breakfast 100
    The Center for Michigan Inc
    220 W Michigan Ave
    Ypsilanti,MI48197     		Grantee PC Bridge Magazine 100
    Little Traverse Bay Humane Society
    1300 W Conway Rd
    Harbor Springs,MI49740     		Grantee PC In Memory of Parker William Rose 200
    Read Muskegon
    PO Box 1312
    Muskegon,MI49443     		Grantee PC Read Muskegon Annual Support 200
    Baxter Community Center Inc
    935 Baxter SE
    Grand Rapids,MI49506     		Grantee PC LJF - Matching 250
    Camp Kesem National
    10568 W Pico Blvd 196
    Los Angeles,CA90064     		Grantee PC Camp Kesem at The University of Michigan 250
    Camp Kesem National
    10568 W Pico Blvd 196
    Los Angeles,CA90064     		Grantee PC Camp Kesem at The University of Michigan 250
    Catholic Charities West Michigan
    40 Jefferson Ave
    Grand Rapids,MI49503     		Grantee PC God's Kitchen Support 250
    Ebony Road Players
    706 Griswold St SE
    Grand Rapids,MI49507     		Grantee PC LJF - Matching 250
    Friends of Mountain Rescue
    PO Box 1904
    Edwards,CO81632     		Grantee PC General operating support 250
    Grand Rapids African American Health Institute
    515 Michigan NE
    Grand Rapids,MI49503     		Grantee PC LJF - Matching 250
    Mel Trotter Ministries
    225 Commerce Ave SW
    Grand Rapids,MI49503     		Grantee PC Memorial Gift Betty O'Connell 250
    United Church Outreach Ministry
    1311 Chicago Dr SW
    Wyoming,MI49509     		Grantee PC Food Pantry Gift 250
    YWCA West Central Michigan
    25 Sheldon Ave SE
    Grand Rapids,MI49503     		Grantee PC LJF - Matching 250
    Michigan Crossroads Council Boy Scouts of America
    137 S Marketplace Blvd
    Lansing,MI48917     		Grantee PC James E. West Endowment 350
    Oakdale Neighbors
    1260 Kalamazoo SE
    Grand Rapids,MI49507     		Grantee PC LJF - Matching 375
    Autism Alliance of Michigan
    26913 Northwestern Hwy Ste 520
    Southfield,MI48033     		Grantee PC general operating support 500
    Autism Alliance of Michigan
    26913 Northwestern Hwy Ste 520
    Southfield,MI48033     		Grantee PC general operating support 500
    Boy Scouts of American North Florida Council
    521 S Edgewood Ave
    Jacksonville,FL32205     		Grantee PC MFB Matching Gift 500
    Friends of Grand Rapids Parks
    PO Box 3199
    Grand Rapids,MI49501     		Grantee PC General operating support 500
    Grand Rapids Community Foundation
    185 Oakes Street SW
    Grand Rapids,MI49503     		Grantee PC In memory of H. Monroe Taliaferro Jr. 500
    Grand Rapids Community Foundation
    185 Oakes Street SW
    Grand Rapids,MI49503     		Grantee PC LJF- Matching 500
    Grand Rapids Pride Center
    343 Atlas Avenue Southeast
    Grand Rapids,MI49506     		Grantee PC General operating support 500
    Harbor Springs Lyric Theatre
    PO Box 345
    Harbor Springs,MI49740     		Grantee PC Lyrics Theater Continued Support 500
    i understand Love Heals
    PO Box 822
    Ada,MI49301     		Grantee PC Program expenses 500
    Literacy Project
    7739 Brace St
    Detroit,MI48228     		Grantee PC Study Friends & Raising a Reader 500
    Montessori Society of Greater Grand Rapids Inc
    1110 College Ave NE
    Grand Rapids,MI49503     		Grantee PC Commitment to Excellence Fund 500
    Pere Marquette Watershed Council Incorporated
    PO Box 212
    Baldwin,MI49304     		Grantee PC C4C/General Funds 500
    The Regents of the University of Michigan
    500 S State Street
    Ann Arbor,MI48109     		Grantee PC For Michigan Public Radio 500
    Village Presbyterian Church
    357 Hartford Rd
    Mt Laurel,NJ08054     		Grantee PC In memory of H. Monroe Taliaferro Jr. 500
    Young Men's Christian Association of Grand Rapids
    475 Lake Michigan Drive NW
    Grand Rapids,MI49504     		Grantee PC LJF - Matching 625
    Avalanche Forecast Support Organization
    PO Box 130
    Boseman,MT59771     		Grantee PC General operating support 1,000
    Children's Assessment Center
    2855 Michigan St NE
    Grand Rapids,MI49506     		Grantee PC Mental Health Support 1,000
    Cornell University
    377 Pine Tree Road
    Ithaca,NY14850     		Grantee PC Annual Fund 1,000
    Crossnore School & Children's Home
    PO Box 249
    Crossnore,NC286160249     		Grantee PC For Support of Youth Mental Wellness 1,000
    East Grand Rapids Schools Foundation
    2915 Hall St SE
    Grand Rapids,MI49506     		Grantee PC Parker Spindle's Genuine Heart Fund 1,000
    First United Methodist Church of Gainesville
    419 NE 1st Street
    Gainesville,FL32601     		Grantee PC Camping equipment and camping Troop 21 - Scouts BSA 1,000
    Friends of Colorado Avalanche Information Center
    PO Box 1117
    Evergreen,CO80437     		Grantee PC General operating support 1,000
    Friends of the Utah Avalanche Center
    PO Box 521353
    Salt Lake City,UT84152     		Grantee PC General operating support 1,000
    Fulton Street Farmers Market Inc
    1145 Fulton St E
    Grand Rapids,MI49503     		Grantee PC General operating support 1,000
    Kent District Library
    814 West River Center Dr NE
    Comstock Park,MI49321     		Grantee PC Literary Libations 1,000
    Little Traverse Bay Humane Society
    1300 W Conway Rd
    Harbor Springs,MI49740     		Grantee PC Memorial gift in honor of Parker Rose 1,000
    Northwest Avalanche Center
    15600 NE 8th St B1-711
    Bellevue,WA98008     		Grantee PC General operating support 1,000
    Planned Parenthood of Michigan
    PO Box 3673
    Ann Arbor,MI48106     		Grantee PC General operating support 1,000
    Round Up River Ranch
    8333 Colorado River Road
    Gypsum,CO81637     		Grantee PC General operating support 1,000
    Shenandoah Valley Discovery Museum
    19 W Cork Street
    Winchester,VA22601     		Grantee PC General operating support 1,000
    The New School
    66 West 12th Street
    New York,NY10011     		Grantee PC Milano School of Policy, Management and Environment 1,000
    The Regents of the University of Michigan
    500 S State Street
    Ann Arbor,MI48109     		Grantee PC Accelerate Blue Fund 1,000
    University of Florida Foundation Inc
    PO Box 14425
    Gainesville,FL32604     		Grantee PC College of Medicine Research and Education Fund 1,000
    University of Florida Foundation Inc
    PO Box 14425
    Gainesville,FL32604     		Grantee PC Uf Health Cancer Center Fund 1,000
    Vail Valley Foundation
    PO Box 6550
    Avon,CO81620     		Grantee PC General operating support 1,000
    Harbor Springs Public Schools
    175 E Lake St
    Harbor Springs,MI49740     		Grantee GOV Scholastic BookFlix subscription 1,149
    Michigan Crossroads Council Boy Scouts of America
    137 S Marketplace Blvd
    Lansing,MI48917     		Grantee PC 2021 Friends of Scouting Payment 1,200
    Blandford Nature Center
    1715 Hillburn NW
    Grand Rapids,MI49504     		Grantee PC General operating support 1,500
    Conserving Carolina
    847 Case Street
    Hendersonville,NC28792     		Grantee PC General operating support 1,500
    Oberlin College
    173 W Lorain St
    Oberlin,OH44074     		Grantee PC Parents Fund 1,500
    Grand Rapids Art Museum
    101 Monroe Center NW
    Grand Rapids,MI49503     		Grantee PC Live Artfully event on September 10, 2021 3,000
    Charlevoix Historical Society
    PO Box 525
    Charlevoix,MI49720     		Grantee PC Harsha House 2nd Floor Renovations 2,000
    Kids Food Basket
    1300 Plymouth Ave NE
    Grand Rapids,MI49505     		Grantee PC Food for Thought : Nutrition for Brilliance 2,000
    Little Traverse Sailors
    PO Box 583
    Harbor Springs,MI49740     		Grantee PC Scholarship program support to serve children from economically disadvantaged households 2,000
    Pellston Public Schools
    PO Box 224 172 Park St
    Pellston,MI49769     		Grantee GOV elementary and secondary (high school) Peer to Peer programs 2,000
    Pellston Public Schools
    PO Box 224 172 Park St
    Pellston,MI49769     		Grantee GOV the sensory garden at Pellston Elementary School 2,000
    The Arbor Circle Corporation
    1115 Ball Ave NE
    Grand Rapids,MI49505     		Grantee PC General support for the Children + Families Program 2,000
    University of Florida Foundation Inc
    PO Box 14425
    Gainesville,FL32604     		Grantee PC The Harn Museum of Art-Annual Gift 2,000
    Alachua County Public Schools
    2802 NE 8th Ave
    Gainesville,FL32641     		Grantee GOV Eastside High School Theatre Department 2,500
    Boy Scouts of American North Florida Council
    521 S Edgewood Ave
    Jacksonville,FL32205     		Grantee PC Camp Facilities 2,500
    Breakthrough Silicon Valley
    1635 Park Avenue
    San Jose,CA95126     		Grantee PC General operating support 2,500
    Camp Daggett
    3001 Church Rd
    Petoskey,MI49770     		Grantee PC Scholarship support for economically disadvantaged campers 2,500
    Celebration United Methodist Church
    9501 SW Archer Rd
    Gainesville,FL32608     		Grantee PC Accessible playground expansion 2,500
    Drummond Island Medical Center
    PO Box 98
    Drummond Island,MI49726     		Grantee PC Medical supplies for adolescents 2,500
    Jewish Federation of Grand Rapids
    2727 Michigan St NE
    Grand Rapids,MI49506     		Grantee PC General operating 2,500
    Land Conservancy of West Michigan
    400 Ann St NW Ste 102
    Grand Rapids,MI49504     		Grantee PC General operating support 2,500
    Little Traverse Conservancy Inc
    3264 Powell Rd
    Harbor Springs,MI49740     		Grantee PC General operating support 2,500
    Mary Free Bed Hospital and Rehabilitation Center
    235 Wealthy St SE
    Grand Rapids,MI49503     		Grantee PC To organize holiday celebrations for children & youth receiving services during the holiday season 2,500
    McLaren Northern Michigan Foundation
    360 Connable Ave
    Petoskey,MI49770     		Grantee PC To organize holiday celebrations for children & youth receiving services during the holiday season 2,500
    Mental Health Foundation of West Michigan
    160 68th St SW Ste 120
    Grand Rapids,MI49548     		Grantee PC General operating support 2,500
    Saint Mary's Foundation
    200 Jefferson Ave SE
    Grand Rapids,MI49503     		Grantee PC Support for the New Mother's Celebration at Clinica Santa Maria 2,500
    The Society of the Four Arts
    Four Arts Plaza
    Palm Beach,FL33480     		Grantee PC Annual Giving Fund 2,500
    East Grand Rapids Schools Foundation
    2915 Hall St SE
    Grand Rapids,MI49506     		Grantee PC Parker Spindle's Genuine Heart Fund 3,000
    Interlochen Center for the Arts
    PO Box 199
    Interlochen,MI49643     		Grantee PC Annual Fund 3,000
    Little Traverse Bay Humane Society
    1300 W Conway Rd
    Harbor Springs,MI49740     		Grantee PC In memory of Parker and his furry pal, Sam. 3,000
    University of Florida Foundation Inc
    PO Box 14425
    Gainesville,FL32604     		Grantee PC Natural History Museum & McGuire Center for Lepidoptera & Biodiversity 3,000
    Episcopal High School
    4650 Bissonnet St
    Bellaire,TX77401     		Grantee PC General operating support 3,500
    Harbor Springs Ram Boosters Football
    PO Box 331
    Harbor Springs,MI49740     		Grantee PC General use for an end zone camera and other equipment needs 3,500
    The Regents of the University of Michigan
    500 S State Street
    Ann Arbor,MI48109     		Grantee PC Dean's general fund at the Ross School of Business 3,500
    University of North Carolina at Chapel Hill
    104 Airport Dr CB1270
    Chapel Hill,NC27599     		Grantee PC Support for the Minor in Entrepreneurship general fund. 3,500
    University of Vermont and State Agricultural College Foundation
    411 Main Street
    Burlington,VT05401     		Grantee PC Nutrition and Food Sciences program in the College of Agriculture and Life Sciences 3,500
    Celebration United Methodist Church
    9501 SW Archer Rd
    Gainesville,FL32608     		Grantee PC Matching 4,000
    Kalamazoo College
    1200 Academy St
    Kalamazoo,MI49006     		Grantee PC Annual Fund 4,000
    University of Florida Foundation Inc
    PO Box 14425
    Gainesville,FL32604     		Grantee PC Summer Junior Volunteer Program at the McGuire Center for Lepidoptera and Biodiversity at the Florida Museum of Natural History 4,000
    Bay Area Substance Education Services
    208 W Lincoln St
    Charlevoix,MI49720     		Grantee PC General operating support 5,000
    Challenge Mountain of Walloon Hills Inc
    1100 Boyne Avenue PO Box 764
    Boyne City,MI49712     		Grantee PC Managing Storm Water Run-off at the Challenge Mountain Resale Store 5,000
    EARTH University Foundation
    151 Ellis Street NE Floor 1 Suite 1
    33
    Atlanta,GA30303     		Grantee PC General Operating Support 5,000
    East Grand Rapids Schools Foundation
    2915 Hall St SE
    Grand Rapids,MI49506     		Grantee PC Parker Spindle's Genuine Heart Fund 5,000
    Exodus Place
    322 Front Ave SW
    Grand Rapids,MI49504     		Grantee PC the Hands Up project 5,000
    Florida Coalition for Preservation
    4600 N Ocean Blvd Ste 102
    Boynton Beach,FL33435     		Grantee PC general charitable activities 5,000
    Grand Haven Community Foundation
    One South Harbor Ave
    Grand Haven,MI49417     		Grantee PC Holly and Erick Family Fund 5,000
    Grand Valley State University
    1 Campus Dr
    Allendale,MI49401     		Grantee PC Nonprofit/Funder Dialogue Series 5,000
    Great Lakes Aquatic Habitat Network and Fund Inc
    PO Box 2479
    Petoskey,MI49770     		Grantee PC Support for efforts in securing individual, major gifts and diversifying funding sources as outlined in the Donor and Funding Diversification Action Steps document 5,000
    Interlochen Center for the Arts
    PO Box 199
    Interlochen,MI49643     		Grantee PC Dance Building 5,000
    International Rescue Committee
    122 E 42nd St
    New York,NY10168     		Grantee PC For IRC's Afghanistan efforts 5,000
    Little Traverse Bay Humane Society
    1300 W Conway Rd
    Harbor Springs,MI49740     		Grantee PC in memory of Parker Rose 5,000
    Montessori Society of Greater Grand Rapids Inc
    1110 College Ave NE
    Grand Rapids,MI49503     		Grantee PC General Operating Support for Stepping Stones 5,000
    National Center for Family Philanthropy
    1667 K Street NW Ste 550
    Washington,DC20006     		Grantee PC the racial equity learning and action 5,000
    Saint Mary's Foundation
    200 Jefferson Ave SE
    Grand Rapids,MI49503     		Grantee PC General operating funds 5,000
    Shay Elementary School
    175 E Lake St
    Harbor Springs,MI49740     		Grantee GOV For general use for the purchase of flexible seating for the second grade team 5,000
    Spectrum Health Foundation
    100 Michigan St NE
    Grand Rapids,MI49503     		Grantee PC To organize holiday celebrations for children & youth receiving services at Helen DeVos Children's Hospital during the holiday season 5,000
    University of North Carolina Chapel Hill Arts and Sciences Foundation
    523 E Franklin St
    Chapel Hill,NC27514     		Grantee PC General operating support 5,000
    University of Oregon Foundation
    1720 E 13th Ave Suite 410
    Eugene,OR97403     		Grantee PC School of Architecture & Environment Fund 5,000
    Upwardly Global
    505 8th Avenue Suite 1704
    New York,NY10018     		Grantee PC immigrant heritage month online campaign 5,000
    Women's Audio Mission
    542-544 Natoma C-1
    San Francisco,CA94103     		Grantee PC General operating support 5,000
    NIA Centre
    PO Box 6166
    Grand Rapids,MI49516     		Grantee PC Partnership with Opera on Stinney: An American Execution 7,000
    Tip of the Mitt Watershed Council
    426 Bay St
    Petoskey,MI49770     		Grantee PC Equity Inclusion and Justice Planning Task Force 7,500
    West Michigan Hispanic Chamber of Commerce Foundation
    2007 Division Ave S
    Grand Rapids,MI49507     		Grantee PC Pre-Feasibility Preparation & Feasibility Services 7,500
    Rotary Club of Little Traverse Bay Sunset
    PO Box 2101
    Petoskey,MI49770     		Grantee PC the Petoskey High School Vocational scholarship program 8,000
    City of Grand Rapids
    185 Oakes Street SW
    Grand Rapids,MI49503     		Grantee PC GRow1000 10,000
    Girls Choral Academy
    2920 Fuller Ave NE Ste 104
    Grand Rapids,MI49505     		Grantee PC Succession Planning and Program Sustainability 10,000
    Grandville Avenue Arts and Humanities Inc
    644 Grandville Ave SW
    Grand Rapids,MI49503     		Grantee PC Arts Working Group DEI Project 10,000
    Little Traverse Bay Humane Society
    1300 W Conway Rd
    Harbor Springs,MI49740     		Grantee PC Restricted support for the emergency care center 10,000
    St Stephen Catholic School
    10424 Saint Stephen Cir
    Riverview,FL33569     		Grantee PC Capacity building efforts for the Arrowsmith Program including strategic planning, fund development and program expansion. 10,000
    The Fund for Park Avenue
    445 Park Ave Ste 900
    New York,NY10022     		Grantee PC Holiday Tree Lighting and Park Avenue Planting Project 10,000
    United Way of Northwest Michigan
    202 E Grandview Parkway
    Traverse City,MI49684     		Grantee PC Community Care Fund 10,000
    United Way of Northwest Michigan
    202 E Grandview Parkway
    Traverse City,MI49684     		Grantee PC Capacity building support for Char-Em United Way 10,000
    United Way of Palm Beach County
    477 South Rosemary Avenue Suite 230
    West Palm Beach,FL33401     		Grantee PC Community Care Fund 10,000
    City of Grand Rapids
    185 Oakes Street SW
    Grand Rapids,MI49503     		Grantee PC Integrating Indigenous History and Art with the RIver for All 15,000
    Grandville Avenue Arts and Humanities Inc
    644 Grandville Ave SW
    Grand Rapids,MI49503     		Grantee PC Strategic Planning and Capacity Building 15,000
    Fashion Has Heart
    3148 Boyes Ave NE
    Grand Rapids,MI49525     		Grantee PC Has Heart 20,000
    Festival of the Arts in Grand Rapids
    PO Box 68440
    Grand Rapids,MI49516     		Grantee PC Festival of the Arts Strategic Execution 20,000
    John Ball Zoo
    1300 W Fulton St
    Grand Rapids,MI49504     		Grantee PC Aquarium Feasibility Study 20,000
    Mel Trotter Ministries
    225 Commerce Ave SW
    Grand Rapids,MI49503     		Grantee PC COVID-19 Winter Overflow Emergency Shelter 20,000
    Site Lab Inc
    PO Box 230361
    Grand Rapids,MI49523     		Grantee PC SiTE:LAB/The Highlands 20,000
    West Michigan Environmental Action Council Education Foundation
    1007 Lake Dr SE
    Grand Rapids,MI49506     		Grantee PC The Rainy Day Project 20,000
    Charlevoix-Emmet Intermediate School District
    7713 Sophies Way
    Harbor Springs,MI49740     		Grantee   Great Start Collaborative Capacity Building Project 25,000
    Heart of West Michigan United Way
    118 Commerce Avenue SW Suite 100
    Grand Rapids,MI49503     		Grantee PC DGF Matching 25,000
    Mayo Clinic
    200 First St SW
    Rochester,MN55902     		Grantee PC Mayo Clinic Endowment 25,000
    UNC Law Foundation
    Attn Jen Clark CB 3380
    Chapel Hill,NC275993380     		Grantee PC Dean's Discretionary Fund, UNC School of Law 25,000
    University of North Carolina at Chapel Hill
    104 Airport Dr CB1270
    Chapel Hill,NC27599     		Grantee PC Carolina Performing Arts Student Ticket Angel Fund 25,000
    West Michigan Aviation Academy Foundation
    5363 44th St SE
    Grand Rapids,MI49512     		Grantee PC the Flight Plan campaign 25,000
    Conservation Resource Alliance
    10850 E Traverse Hwy Ste 1180
    Traverse City,MI49684     		Grantee PC Free Spanning Emmet County's Carp and Maple Rivers 30,000
    Flow for Water
    440 W Front St Suite 100
    Traverse City,MI49684     		Grantee PC Advancing Public Water, Public Justice 30,000
    Grand Rapids Media Initiative and Film Incubator
    2430 W Collier Ave SE
    Grand Rapids,MI49546     		Grantee PC A City Within a City documentary film 30,000
    Michigan League for Public Policy
    1223 Turner Street Ste G-1
    Lansing,MI48906     		Grantee PC Kids Count Data Capacity Project 30,000
    Hand2Hand
    306 Chicago Dr
    Jenison,MI49428     		Grantee PC Capital Campaign: Hope In Action - Saying "YES" to feeding more kids who experience weekend hunger in West Michigan. 40,000
    Urban Core Collective
    413 Hall St SW
    Grand Rapids,MI49503     		Grantee PC Federal Grant Funding Assistance 45,000
    Housing North
    818 Red Dr Suite 10
    Traverse City,MI49685     		Grantee PC Operating support to continue work as the backbone organization for housing efforts in Northern Michigan 50,000
    Kent School Services Network
    1633 E Beltline Ave NE Ste 205
    Grand Rapids,MI49525     		Grantee PC Kent School Services Network Next Chapter 50,000
    Little Traverse Conservancy Inc
    3264 Powell Rd
    Harbor Springs,MI49740     		Grantee PC The Maple River Watershed Land Conservation Program 50,000
    Habitat for Humanity of Kent County Inc
    425 Pleasant St SW
    Grand Rapids,MI49503     		Grantee PC Increasing Multi-Unit, Single Family Homes in Grand Rapids 60,000
    Grand Rapids Civic Theatre Inc
    30 N Division Ave
    Grand Rapids,MI49503     		Grantee PC Behind the Curtain Campaign 75,000
    Grand Rapids Youth Commonwealth Inc
    235 Straight Ave NW
    Grand Rapids,MI49504     		Grantee PC Learning Assistance in 2021 75,000
    Rotary Charities of Traverse City
    202 E Grandview Pkwy Ste 200
    Traverse City,MI49684     		Grantee PC Leadership Learning Lab 75,000
    Degage Ministries
    144 Division Ave S
    Grand Rapids,MI49503     		Grantee PC Building Dignity Through Christ: Degage Ministries Capital Campaign 100,000
    Ecliptic at Rosa Parks Circle Conservancy
    200 Ottawa Ave NW Ste 500
    Grand Rapids,MI49503     		Grantee PC Restoration of Ecliptic at Rosa Parks Circle 100,000
    Grand Valley State University
    1 Campus Dr
    Allendale,MI49401     		Grantee PC Expanding the Vision for Grand Valley State University's Downtown Health Campus in creating the Dan and Pamella DeVos Center for Interprofessional Health 100,000
    Grand Valley State University
    1 Campus Dr
    Allendale,MI49401     		Grantee PC Expanding the Vision for Grand Valley State University's Downtown Health Campus in creating the Dan and Pamella DeVos Center for Interprofessional Health 100,000
    KConnect
    401 Hall St SW Ste 385
    Grand Rapids,MI49503     		Grantee PC KConnect: Creating Collective Impact in Our Community 100,000
    West Michigan Aviation Academy Foundation
    5363 44th St SE
    Grand Rapids,MI49512     		Grantee PC West Michigan Aviation Academy Flight Plan Campaign 100,000
    West Michigan Aviation Academy Foundation
    5363 44th St SE
    Grand Rapids,MI49512     		Grantee PC West Michigan Aviation Academy Flight Plan Campaign 100,000
    West Michigan Center for Arts and Technology
    614 First Street NW Suite 300
    Grand Rapids,MI49504     		Grantee PC WMCAT's Teen Arts + Tech Program: Full STEAM ahead 100,000
    Petoskey-Harbor Springs Area Community Foundation
    616 Petoskey St Suite 203
    Petoskey,MI49770     		Grantee PC The Edward J. Frey Jr. Charitable Fund 116,329
    Grand Action Foundation
    125 Ottawa Ave NW Ste 152
    Grand Rapids,MI49503     		Grantee PC Grand Action 2.0 Project Planning and Startup Support 125,000
    Grand Action Foundation
    125 Ottawa Ave NW Ste 152
    Grand Rapids,MI49503     		Grantee PC Grand Action 2.0 Project Planning and Startup Support 125,000
    Grand Rapids Community College Foundation
    143 Bostwick Ave NE
    Grand Rapids,MI49503     		Grantee PC Grand Rapids Promise Zone Scholarship 125,000
    Charlevoix County Community Foundation
    PO Box 718
    East Jordan,MI49727     		Grantee PC Frey Family Fund 129,400
    Ottawa County Parks Foundation
    PO Box 314
    West Olive,MI49460     		Grantee PC Construction of the Grand River Explorers Trial, a 27-mile multi-modal, non-motorized pathway where users can bike, hike or paddle. 130,000
    John Ball Zoo
    1300 W Fulton St
    Grand Rapids,MI49504     		Grantee PC Time to Soar Capital Campaign 175,000
    John Ball Zoo
    1300 W Fulton St
    Grand Rapids,MI49504     		Grantee PC Time to Soar Capital Campaign 175,000
    West Michigan Horticultural Society Inc
    3104 W Baseline Rd
    Shelby,MI49455     		Grantee PC Welcoming the World: Honoring a Legacy of Love Capital Campaign to expand facilities and program capacity to accommodate significant growth of annual guest attendance. 200,000
    Grand Rapids Civic Theatre Inc
    30 N Division Ave
    Grand Rapids,MI49503     		Grantee PC Behind the Curtain Campaign 225,000
    ArtPrize Grand Rapids
    PO Box 3340
    Grand Rapids,MI49501     		Grantee PC ArtPrize 2021 250,000
    Muskegon Museum of Art Foundation
    296 W Webster Ave
    Muskegon,MI49440     		Grantee PC Museum Expansion Project 250,000
    North Central Michigan College Foundation
    1515 Howard St
    Petoskey,MI49770     		Grantee PC Building Tomorrow Together capital campaign 250,000
    KConnect
    401 Hall St SW Ste 385
    Grand Rapids,MI49503     		Grantee PC Housing Stability Alliance: Building a Backbone Entity 265,000
    First Steps Kent
    401 Hall St SW Ste 385
    Grand Rapids,MI49503     		Grantee PC Supporting the Early Childhood System in Kent County 270,000
    Grand Rapids Whitewater Inc
    120 Lyon St NW
    Grand Rapids,MI49503     		Grantee PC Completion of the pre-construction development phase of the 2.2 mile Grand River Restoration including design, engineering, permit submission, environmental review and fund development. 280,000
    Grand Rapids Whitewater Inc
    120 Lyon St NW
    Grand Rapids,MI49503     		Grantee PC Grand River Restoration; Lower Reach 300,000
    Total .................................bullet 3a 5,487,793
    bApproved for future payment
    Friends of Mountain Rescue
    PO Box 1094
    Edwards,CO81632     		  PC General operating support 250
    Friends of Mountain Rescue
    PO Box 1094
    Edwards,CO81632     		  PC General operating support 250
    Autism Alliance of Michigan
    30100 Telegraph Road Suite 250
    Bingham Farms,MI480254515     		  PC general operating support 500
    i understand Love Heals
    PO Box 822
    Ada,MI493010822     		  PC Program expenses 500
    i understand Love Heals
    PO Box 822
    Ada,MI493010822     		  PC Program expenses 500
    Literacy Project
    PO Box 608
    MINTURN,CO816450608     		  PC Study Friends & Raising a Reader 500
    Literacy Project
    PO Box 608
    MINTURN,CO816450608     		  PC Study Friends & Raising a Reader 500
    The Regents of the University of Michigan
    535 W Williams Street
    Ann Arbor,MI48103     		  PC For Michigan Public Radio 500
    The Regents of the University of Michigan
    535 W Williams Street
    Ann Arbor,MI48103     		  PC For Michigan Public Radio 500
    Children's Assessment Center
    2855 Michigan St NE
    Grand Rapids,MI49506     		  PC Mental Health Support 1,000
    Cornell University
    130 E Seneca Street Suite 400
    Ithaca,NY14850     		  PC Annual Fund 1,000
    Cornell University
    130 E Seneca Street Suite 400
    Ithaca,NY14850     		  PC Annual Fund 1,000
    Crossnore School & Children's Home
    PO Box 249
    Crossnore,NC28616     		  PC For Support of Youth Mental Wellness 1,000
    Crossnore School & Children's Home
    PO Box 249
    Crossnore,NC28616     		  PC For Support of Youth Mental Wellness 1,000
    Round Up River Ranch
    8333 Colorado River Road
    Gypsum,CO81637     		  PC General operating support 1,000
    Round Up River Ranch
    8333 Colorado River Road
    Gypsum,CO81637     		  PC General operating support 1,000
    The New School
    66 West 12th Street
    New York,NY10011     		  PC Milano School of Policy, Management and Environment 1,000
    The New School
    66 West 12th Street
    New York,NY10011     		  PC Milano School of Policy, Management and Environment 1,000
    University of Florida Foundation Inc
    1938 West University Avenue
    Gainesville,FL32603     		  PC College of Medicine Research and Education Fund 1,000
    University of Florida Foundation Inc
    1938 West University Avenue
    Gainesville,FL32603     		  PC Uf Health Cancer Center Fund 1,000
    Vail Valley Foundation
    PO Box 6550
    Avon,CO81620     		  PC General operating support 1,000
    Vail Valley Foundation
    PO Box 6550
    Avon,CO81620     		  PC General operating support 1,000
    Blandford Nature Center
    1715 Hillburn Ave NW
    Grand Rapids,MI49504     		  PC General operating support 1,500
    Conserving Carolina
    847 Case Street
    Hendersonville,NC28792     		  PC General operating support 1,500
    Conserving Carolina
    847 Case Street
    Hendersonville,NC28792     		  PC General operating support 1,500
    Oberlin College
    PO Box 72110
    Cleveland,OH441920002     		  PC Parents Fund 1,500
    Kids Food Basket
    1300 Plymouth Ave NE
    Grand Rapids,MI49505     		  PC Food for Thought : Nutrition for Brilliance 2,000
    Little Traverse Sailors
    PO Box 583
    Harbor Springs,MI49740     		  PC Scholarship program support to serve children from economically disadvantaged households 2,000
    Little Traverse Sailors
    PO Box 583
    Harbor Springs,MI49740     		  PC Scholarship program support to serve children from economically disadvantaged households 2,000
    Pellston Public Schools
    172 Park Street
    Pellston,MI49769     		  PC elementary and secondary (high school) Peer to Peer programs 2,000
    Pellston Public Schools
    172 Park Street
    Pellston,MI49769     		  PC elementary and secondary (high school) Peer to Peer programs 2,000
    The Arbor Circle Corporation
    1115 Ball Ave NE
    Grand Rapids,MI49505     		  PC General support for the Children + Families Program 2,000
    The Arbor Circle Corporation
    1115 Ball Ave NE
    Grand Rapids,MI49505     		  PC General support for the Children + Families Program 2,000
    University of Florida Foundation Inc
    1938 West University Avenue
    Gainesville,FL32603     		  PC The Harn Museum of Art-Annual Gift 2,000
    University of Florida Foundation Inc
    1938 West University Avenue
    Gainesville,FL32603     		  PC The Harn Museum of Art-Annual Gift 2,000
    Alachua County Public Schools
    620 East University Avenue
    Gainesville,FL326015498     		  PC Eastside High School Theatre Department 2,500
    Camp Daggett
    03001 Church Road
    Petoskey,MI49770     		  PC Scholarship support for economically disadvantaged campers 2,500
    Camp Daggett
    03001 Church Road
    Petoskey,MI49770     		  PC Scholarship support for economically disadvantaged campers 2,500
    Celebration United Methodist Church
    9501 SW Archer Road
    Gainesville,FL32608     		  PC Accessible playground expansion 2,500
    Drummond Island Medical Center
    PO Box 98
    Drummond Island,MI49726     		  PC Medical supplies for adolescents 2,500
    Drummond Island Medical Center
    PO Box 98
    Drummond Island,MI49726     		  PC Medical supplies for adolescents 2,500
    Mary Free Bed Hospital and Rehabilitation Center
    235 Wealthy St SE
    Grand Rapids,MI49503     		  PC To organize holiday celebrations for children & youth receiving services during the holiday season 2,500
    Mary Free Bed Hospital and Rehabilitation Center
    235 Wealthy St SE
    Grand Rapids,MI49503     		  PC To organize holiday celebrations for children & youth receiving services during the holiday season 2,500
    McLaren Northern Michigan Foundation
    360 Connable Avenue
    Petoskey,MI49770     		  PC To organize holiday celebrations for children & youth receiving services during the holiday season 2,500
    McLaren Northern Michigan Foundation
    360 Connable Avenue
    Petoskey,MI49770     		  PC To organize holiday celebrations for children & youth receiving services during the holiday season 2,500
    Saint Mary's Foundation
    200 Jefferson Avenue SE
    Grand Rapids,MI49503     		  PC Support for the New Mother's Celebration at Clinica Santa Maria 2,500
    Saint Mary's Foundation
    200 Jefferson Avenue SE
    Grand Rapids,MI49503     		  PC Support for the New Mother's Celebration at Clinica Santa Maria 2,500
    The Society of the Four Arts
    100 Four Arts Plaza
    Palm Beach,FL33480     		  PC Annual Giving Fund 2,500
    East Grand Rapids Schools Foundation
    2915 Hall St SE
    East Grand Rapids,MI49506     		  PC Parker Spindle's Genuine Heart Fund 3,000
    East Grand Rapids Schools Foundation
    2915 Hall St SE
    East Grand Rapids,MI49506     		  PC Parker Spindle's Genuine Heart Fund 3,000
    Interlochen Center for the Arts
    PO Box 199
    Interlochen,MI49643     		  PC Annual Fund 3,000
    Interlochen Center for the Arts
    PO Box 199
    Interlochen,MI49643     		  PC Annual Fund 3,000
    Little Traverse Bay Humane Society
    1300 West Conway Road
    Harbor Springs,MI49740     		  PC In memory of Parker and his furry pal, Sam. 3,000
    Little Traverse Bay Humane Society
    1300 West Conway Road
    Harbor Springs,MI49740     		  PC In memory of Parker and his furry pal, Sam. 3,000
    University of Florida Foundation Inc
    1938 West University Avenue
    Gainesville,FL32603     		  PC Natural History Museum & McGuire Center for Lepidoptera & Biodiversity 3,000
    University of Florida Foundation Inc
    1938 West University Avenue
    Gainesville,FL32603     		  PC Natural History Museum & McGuire Center for Lepidoptera & Biodiversity 3,000
    Kalamazoo College
    1200 Academy Street
    Kalamazoo,MI490063295     		  PC Annual Fund 4,000
    Kalamazoo College
    1200 Academy Street
    Kalamazoo,MI490063295     		  PC Annual Fund 4,000
    EARTH University Foundation
    151 Ellis Street NE Floor 1 Suite 1
    33
    Atlanta,GA30303     		  PC General Operating Support 5,000
    EARTH University Foundation
    151 Ellis Street NE Floor 1 Suite 1
    33
    Atlanta,GA30303     		  PC General Operating Support 5,000
    Great Lakes Aquatic Habitat Network and Fund Inc
    PO Box 2479 3890 Charlevoix Ave Sui
    te 230
    Petoskey,MI49770     		  PC Support for efforts in securing individual, major gifts and diversifying funding sources as outlined in the Donor and Funding Diversification Action Steps document 5,000
    Great Lakes Aquatic Habitat Network and Fund Inc
    PO Box 2479 3890 Charlevoix Ave Sui
    te 230
    Petoskey,MI49770     		  PC Support for efforts in securing individual, major gifts and diversifying funding sources as outlined in the Donor and Funding Diversification Action Steps document 5,000
    Michigan Crossroads Council Boy Scouts of America
    3213 Walker Ave NW
    Grand Rapids,MI49544     		  PC Premium Sponsorship at the $5,000 level for the Leadership Dinner on October 26, 2021 honoring Dick and Betsy DeVos 5,000
    National Center for Family Philanthropy
    1667 K Street NW Suite 550
    Washington,DC20006     		  PC the racial equity learning and action 5,000
    Saint Mary's Foundation
    200 Jefferson Avenue SE
    Grand Rapids,MI49503     		  PC General operating funds 5,000
    Saint Mary's Foundation
    200 Jefferson Avenue SE
    Grand Rapids,MI49503     		  PC General operating funds 5,000
    Spectrum Health Foundation
    100 Michigan Street NE MC004
    Grand Rapids,MI49503     		  PC To organize holiday celebrations for children & youth receiving services at Helen DeVos Children's Hospital during the holiday season 5,000
    Spectrum Health Foundation
    100 Michigan Street NE MC004
    Grand Rapids,MI49503     		  PC To organize holiday celebrations for children & youth receiving services at Helen DeVos Children's Hospital during the holiday season 5,000
    Junior Achievement of the Michigan Great Lakes
    4090 Lake Dr Southeast
    Grand Rapids,MI49546     		  PC Junior Achievement Centennial Leadership Award 7,500
    Rotary Club of Little Traverse Bay Sunset
    PO Box 2101
    Petoskey,MI49770     		  PC the Petoskey High School Vocational scholarship program 8,000
    Little Traverse Bay Humane Society
    1300 West Conway Road
    Harbor Springs,MI49740     		  PC Restricted support for the emergency care center 10,000
    Little Traverse Bay Humane Society
    1300 West Conway Road
    Harbor Springs,MI49740     		  PC Restricted support for the emergency care center 10,000
    The Fund for Park Avenue
    445 Park Avenue 9th Floor
    New York,NY10022     		  PC Holiday Tree Lighting and Park Avenue Planting Project 10,000
    United Way of Northwest Michigan
    202 East Grandview Parkway
    Traverse City,MI49684     		  PC Capacity building support for Char-Em United Way 10,000
    United Way of Northwest Michigan
    202 East Grandview Parkway
    Traverse City,MI49684     		  PC Capacity building support for Char-Em United Way 10,000
    United Way of Northwest Michigan
    202 East Grandview Parkway
    Traverse City,MI49684     		  PC Community Care Fund for the Char-EM United Way service area 10,000
    Charlevoix-Emmet Intermediate School District
    08568 Mercer Blvd
    Charlevoix,MI49720     		  PC Great Start Collaborative Capacity Building Project 11,000
    Cranbrook Educational Community
    PO Box 801
    Bloomfield Hills,MI483030801     		  PC DiMarco Endowment for Campus Enhancement 20,000
    PlayMakers Repertory Company
    Development Department Joan H Gilli
    ngs Center for Dramatic Art CB 3235
    Chapel Hill,NC275993235     		  PC Community and Student Access Fund 25,000
    PlayMakers Repertory Company
    Development Department Joan H Gilli
    ngs Center for Dramatic Art CB 3235
    Chapel Hill,NC275993235     		  PC Community and Student Access Fund 25,000
    PlayMakers Repertory Company
    Development Department Joan H Gilli
    ngs Center for Dramatic Art CB 3235
    Chapel Hill,NC275993235     		  PC Community and Student Access Fund 25,000
    PlayMakers Repertory Company
    Development Department Joan H Gilli
    ngs Center for Dramatic Art CB 3235
    Chapel Hill,NC275993235     		  PC Community and Student Access Fund 25,000
    Rotary Charities of Traverse City
    800 Cottageview Drive Suite 1090
    Traverse City,MI49684     		  SO I Leadership Learning Lab 25,000
    UNC Law Foundation
    UNC Gift Services PO Box 309
    Chapel Hill,NC275140309     		  PC Dean's Discretionary Fund, UNC School of Law 25,000
    UNC Law Foundation
    UNC Gift Services PO Box 309
    Chapel Hill,NC275140309     		  PC Dean's Discretionary Fund, UNC School of Law 25,000
    University of North Carolina at Chapel Hill
    103 South Building Campus Box 9100
    Chapel Hill,NC27599     		  PC the Carolina Performing Arts Student Ticket Angel Fund for the David G. Frey '64 '67 challenge grant 25,000
    University of North Carolina at Chapel Hill
    103 South Building Campus Box 9100
    Chapel Hill,NC27599     		  PC the Carolina Performing Arts Student Ticket Angel Fund for the David G. Frey '64 '67 challenge grant 25,000
    West Michigan Aviation Academy Foundation
    5363 44th St SE
    Grand Rapids,MI49512     		  PC the Flight Plan campaign 25,000
    Conservation Resource Alliance
    10850 Traverse Hwy Suite 1180
    Traverse City,MI49684     		  PC Free Spanning Emmet County's Carp and Maple Rivers 30,000
    KConnect
    401 Hall Street SW Suite 385
    Grand Rapids,MI49507     		  PC Housing Stability Alliance: Building a Backbone Entity 35,000
    Rotary Charities of Traverse City
    800 Cottageview Drive Suite 1090
    Traverse City,MI49684     		  SO I Leadership Learning Lab 50,000
    University of North Carolina at Chapel Hill
    103 South Building Campus Box 9100
    Chapel Hill,NC27599     		  PC the Carolina Performing Arts Student Ticket Angel Fund for the David G. Frey '64 '67 challenge grant 50,000
    KConnect
    401 Hall Street SW Suite 385
    Grand Rapids,MI49503     		  PC KConnect: Creating Collective Impact in Our Community 100,000
    KConnect
    401 Hall Street SW Suite 385
    Grand Rapids,MI49503     		  PC KConnect: Creating Collective Impact in Our Community 100,000
    Degage Ministries
    144 Division Ave S
    Grand Rapids,MI49503     		  PC Building Dignity Through Christ: Degage Ministries Capital Campaign 125,000
    Degage Ministries
    144 Division Ave S
    Grand Rapids,MI49503     		  PC Building Dignity Through Christ: Degage Ministries Capital Campaign 125,000
    Grand Rapids Whitewater Inc
    120 Lyon St NW
    Grand Rapids,MI49503     		  PC Grand River Restoration; Lower Reach 350,000
    Grand Rapids Whitewater Inc
    120 Lyon St NW
    Grand Rapids,MI49503     		  PC Grand River Restoration; Lower Reach 350,000
    Total .................................bullet 3b 1,827,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........     		    14 619  
    4 Dividends and interest from securities ....          
    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 ............     		900000   18 24,421,325  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 other income     		    14 -53,604  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 28,162,989 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    28,162,989
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 instructions.
    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 (2021)
    Additional Data


    Software ID: 21014044
    Software Version: 2021v4.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    accounting fees 35,210 5,281   29,929

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Depreciation Expense   1,208,444 369,975 Straight Line   140,268 21,040    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    realized investment gain/(losses)   P     356,120,653 331,699,328     24,421,325  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    corporate stock 0 0

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    global equity funds FMV 114,651,018 114,651,018
    hedge funds FMV 17,693,349 17,693,349
    fixed-income funds FMV 9,995,339 9,995,339
    limited partnerships FMV 19,769,763 19,769,763

    TY 2021 LandEtcSchedule2
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE EQUIPMENT 386,992 109,007 277,985 277,985
    LEASEHOLD IMPROVEMENTS 821,452 401,236 420,216 420,216


    TY 2021 LegalFeesSchedule
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 4,683 703   3,980


    TY 2021 MortgagesAndNotesPayableSch
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Total Mortgage Amount: 676,338

    Item No. 1
    Lender's Name JP Morgan Chase Bank
    Lender's Title  
    Relationship to Insider none
    Original Amount of Loan 750,000
    Balance Due 576,929
    Date of Note 2020-04
    Maturity Date 2027-04
    Repayment Terms monthly for seven years
    Interest Rate 2.75
    Security Provided by Borrower borrower's investment property, financial assets, instruments
    Purpose of Loan office remodel
    Description of Lender Consideration  
    Consideration FMV  


    TY 2021 OtherAssetsSchedule
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED DIVIDEND INCOME 22,918 951,353 951,353
    ART WORK 1,166,678 1,166,678 1,166,678


    TY 2021 OtherDecreasesSchedule
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Amount
    Unrealized Losses 4,691,192


    TY 2021 OtherExpensesSchedule
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Communications 16,500 0   16,500
    COMPUTER/TECHNOLOGY SUPPORT 79,652 6,951   72,700
    MEMBERSHIP & DUES 83,883 695   83,184
    EQUIPMENT LEASE 4,653 698   3,955
    INSURANCE 15,695 2,354   13,341
    POSTAGE 1,201 179   1,022
    TELEPHONE/Internet 18,733 2,809   15,924
    Miscellaneous 7,728 616   3,493
    Office Supplies 6,563 985   5,578


    TY 2021 OtherIncomeSchedule2
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Portfolio Income -53,604 468,516  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Portfolio Expenses 1,226,141 693,899    
    Other professional fees 101,214 9,077   92,137


    TY 2021 TaxesSchedule
    Name:
    Frey Foundation
    EIN:
    23-7094777
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 400,025      
    PAYROLL TAXES 48,634     43,282
    foreign taxes   22,156