Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
DICK AND BETSY DEVOS FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)200 MONROE AVENUE NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GRAND RAPIDS, MI49503
A Employer identification number

38-2902412
B Telephone number (see instructions)

(616) 643-4700
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$57,578,796J 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 right arrow.............
3 Interest on savings and temporary cash investments 1,434 1,434  
4 Dividends and interest from securities... 857,544 870,091  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 171
b Gross sales price for all assets on line 6a 171
7 Capital gain net income (from Part IV, line 2)... 296,090
8 Net short-term capital gain.........  
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
List of Attached Documents:
// Content
1,682,008 1,110,313  
12 Total. Add lines 1 through 11........ 2,541,157 2,277,928  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,595 260   2,076
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
526,707 209,682   313,048
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
261,623 16,614   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 8 0   8
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
424 0   424
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 791,357 226,556   315,556
25 Contributions, gifts, grants paid....... 7,249,300 7,249,300
26 Total expenses and disbursements. Add lines 24 and 25 8,040,657 226,556   7,564,856
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,499,500
b Net investment income (if negative, enter -0-) 2,051,372
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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.............      
2 Savings and temporary cash investments......... 83,515 114,905 114,905
3 Accounts receivable right arrow25,000
Less: allowance for doubtful accounts right arrow     25,000 25,000
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 16,740,687 Click to see attachment
List of Attached Documents:
// Content
27,556,409 		29,001,692
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 39,613,865 Click to see attachment
List of Attached Documents:
// Content
23,242,041 		27,093,199
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,344,000 		Click to see attachment
List of Attached Documents:
// Content
1,344,000 		Click to see attachment
List of Attached Documents:
// Content
1,344,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 57,782,067 52,282,355 57,578,796
Liabilities 17 Accounts payable and accrued expenses..........    
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
212 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 212 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 57,781,855 52,282,355
29 Total net assets or fund balances (see instructions)..... 57,781,855 52,282,355
30 Total liabilities and net assets/fund balances (see instructions). 57,782,067 52,282,355
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
57,781,855
2
Enter amount from Part I, line 27a .....................
2
-5,499,500
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
52,282,355
5
Decreases not included in line 2 (itemize) right arrow
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
52,282,355
Form 990-PF (2023)
Form 990-PF (2023)
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 INTERNATIONAL PRIVATE EQUITY (FUND III) P 2007-11-20 2023-03-14
b BDT CAPITAL PARTNERS ANNEX FUND I-A, LP P 2023-01-01 2023-12-31
c BDT RYE HOLDINGS, LLC P 2023-01-01 2023-12-31
d KCC TW INVESTORS, LLC P 2023-01-01 2023-12-31
e PCP V CAYMAN AIV, LP P 2023-01-01 2023-12-31
PRUDENTIAL CAPITAL PARTNERS V, LP P 2023-01-01 2023-12-31
(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 171   171 0
b       129,237
c       257,128
d       616
e       -99,137
      8,246
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
b       129,237
c       257,128
d       616
e       -99,137
      8,246
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 2 296,090
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  
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 right arrow 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) 1 28,514
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 0
3 Add lines 1 and 2........................... 3 28,514
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 28,514
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 49,216
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 49,216
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 20,702
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow20,702 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowMI
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 2023 or the taxable year beginning in 2023? 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
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
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.DBDVFOUNDATION.ORG
14
The books are in care ofright arrowROBERT H SCHIERBEEK Telephone no.right arrow (616) 643-4700

Located atright arrow200 MONROE AVENUE NWGRAND RAPIDSMI ZIP+4right arrow49503
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
RICHARD M DEVOS JR PRESIDENT/DIRECTOR
1.00 		0 0 0
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
ELISABETH PRINCE DEVOS DIRECTOR
1.00 		0 0 0
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
ROBERT H SCHIERBEEK VP/COO
0.10 		0 0 0
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
JEFFREY S BOWERMAN VP OF TAX
0.10 		0 0 0
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
SUSAN E VALCQ TREASURER/SECRETARY
0.10 		0 0 0
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
NICHOLAS J THOLE VICE PRESIDENT
0.10 		0 0 0
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
JASON ZYLSTRA FOUNDATION MANAGER
4.00 		0 0 0
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
PAMELA PARRIOTT FOUNDATION MANAGER
8.00 		0 0 0
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
RICHARD M DEVOS III DIRECTOR
0.00 		0 0 0
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
ELISABETH D LOWERY DIRECTOR
0.00 		0 0 0
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
ANDREA D ABRAHAM DIRECTOR
0.00 		0 0 0
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
RYAN E DEVOS DIRECTOR
0.00 		0 0 0
200 MONROE AVENUE NW
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
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
RDV CORPORATION MANAGEMENT FEE 431,810
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
OTTAWA AVENUE PRIVATE CAPITAL MANAGEMENT FEE 88,651
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
Total number of others receiving over $50,000 for professional services.............right arrow0
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
26,258,448
b
Average of monthly cash balances.......................
1b
137,373
c
Fair market value of all other assets (see instructions)................
1c
30,300,896
d
Total (add lines 1a, b, and c).........................
1d
56,696,717
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
56,696,717
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
850,451
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
55,846,266
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,792,313
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
2,792,313
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
28,514
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
28,514
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,763,799
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,763,799
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,763,799
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
7,564,856
b
Program-related investments—total from Part VIII-B..................
1b
0
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
7,564,856
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,763,799
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 10,003,141
b From 2019...... 9,602,521
c From 2020...... 7,649,238
d From 2021...... 5,752,434
e From 2022...... 5,824,940
f Total of lines 3a through e ........ 38,832,274
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 7,564,856
a Applied to 2022, but not more than line 2a 0
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 2023 distributable amount..... 2,763,799
e Remaining amount distributed out of corpus 4,801,057
5 Excess distributions carryover applied to 2023. 0 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 43,633,331
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...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		10,003,141
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		33,630,190
10 Analysis of line 9:
a Excess from 2019.... 9,602,521
b Excess from 2020.... 7,649,238
c Excess from 2021.... 5,752,434
d Excess from 2022.... 5,824,940
e Excess from 2023.... 4,801,057
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
RICHARD M DEVOS JR
ELISABETH PRINCE DEVOS
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
RICHARD M DEVOS JR
200 MONROE AVENUE NW
GRAND RAPIDS,MI49503
(616) 643-4700
bThe form in which applications should be submitted and information and materials they should include:
DETAILS AVAILABLE AT DBDVFOUNDATION.ORG
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
MORE INFORMATION ON THE FOUNDATION'S FUNDING PRIORITIES IS AVAILABLE AT DBDVFOUNDATION.ORG
Form 990-PF (2023)
Form 990-PF (2023)
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

ACTON INSTITUTE FOR THE STUDY OF RELIGION AND LIBERTY

98 E FULTON ST
GRAND RAPIDS,MI49503 		NONE PC GENERAL OPERATING 20,000

ALIVE HOSPICE

1718 PATTERSON ST
NASHVILLE,TN372032926 		NONE PC GENERAL OPERATING 500

ALPHA USA

PO BOX 7491
CAROL STREAM,IL601977491 		NONE PC GENERAL OPERATING 100,000

AMERICAN ENTERPRISE INSTITUTE

1789 MASSACHUSETTS AVE NW
WASHINGTON,DC20036 		NONE PC GENERAL OPERATING 250,000

AMERICAN ENTERPRISE INSTITUTE

1789 MASSACHUSETTS AVE NW
WASHINGTON,DC20036 		NONE PC PROJECT/PROGRAM - STRATEGIC VENTURE FUND 125,000

AMERICAN FEDERATION FOR CHILDREN GROWTH FUND

1020 19TH ST NW STE 675
WASHINGTON,DC20036 		NONE PC GENERAL OPERATING 500,000

AOPA FOUNDATION

421 AVIATION WAY
FREDERICK,MD21701 		NONE PC GENERAL OPERATING 1,000

BARBARA BUSH FOUNDATION FOR FAMILY LITERACY INC

516 NORTH ADAMS ST
TALLAHASSEE,FL32301 		NONE PC GENERAL OPERATING 2,500

BLANDFORD NATURE CENTER

1715 HILLBURN NW
GRAND RAPIDS,MI49504 		NONE PC CAPITAL CAMPAIGN 100,000

BOYS & GIRLS CLUBS OF GRAND RAPIDS

235 STRAIGHT AVE NW
GRAND RAPIDS,MI49504 		NONE PC GENERAL OPERATING 5,000

CAPE ELEUTHERA FOUNDATION

PO BOX 712484
PHILADELPHIA,PA191712484 		NONE PC GENERAL OPERATING 25,000

CAPITOL MINISTRIES

PO BOX 22 22 22
SANTA CLARITA,CA91322 		NONE PC PROJECT/PROGRAM - LOCAL GOVERNMENT MINISTRY INITIATIVE 25,000

CENTER FOR LAW AND POLICY

1747 PENNSYLVANIA AVE NW STE 800
WASHINGTON,DC20006 		NONE PC GENERAL OPERATING 125,000

CHICAGO CUBS CHARITIES

1060 W ADDISON ST
CHICAGO,IL606134566 		NONE PC GENERAL OPERATING 10,000

CROSSOVER MISSION

4425 US HIGHWAY 1
VERO BEACH,FL32967 		NONE PC GENERAL OPERATING 10,000

DEFENSE OF FREEDOM INSTITUTE FOR POLICY STUDIES

1455 PENNSYLVANIA AVE NW SUITE 400
WASHINGTON,DC200041008 		NONE PC GENERAL OPERATING 250,000

DEGAGE MINISTRIES

139 SHELDON AVENUE SOUTHEAST
GRAND RAPIDS,MI495034211 		NONE PC GENERAL OPERATING 5,000

DONOR'S TRUST

1800 DIAGONAL ROAD SUITE 280
ALEXANDRIA,VA22314 		NONE PC GENERAL OPERATING 20,000

DUTCH AMERICAN COUNCIL

3755 36TH ST SE STE 300
GRAND RAPIDS,MI495122913 		NONE PC GENERAL OPERATING 1,000

EMBRACING THE JOURNEY INC

3870 PEACHTREE INDUSTRIAL BLVD
S-340 184
DULUTH,GA30096 		NONE PC PROJECT/PROGRAM - STAFFING SUPPORT 50,000

ENDEAVOR DETROIT

1420 WASHINGTON BLVD SUITE 301
DETROIT,MI482261718 		NONE PC GENERAL OPERATING 50,000

EVERGREEN COMMONS

480 STATE ST
HOLLAND,MI49423 		NONE PC GENERAL OPERATING 52,500

EXALTA HEALTH

2060 DIVISION AVE S
GRAND RAPIDS,MI49507 		NONE PC GENERAL OPERATING 10,000

FEDERALIST SOCIETY FOR LAW & PUBLIC POLICY STUDIES

1776 I STREET NW STE 300
WASHINGTON,DC200063774 		NONE PC GENERAL OPERATING 25,000

FELL IN LOVE FARM

6364 144TH AVE
HOLLAND,MI49423 		NONE PC GENERAL OPERATING 5,000

FESTIVAL OF THE ARTS GRAND RAPIDS

PO BOX 68440
GRAND RAPIDS,MI49516 		NONE PC GENERAL OPERATING 5,000

FIRST LIBERTY INSTITUTE

2001 W PLANO PKWY SUITE 1600
PLANO,TX750758601 		NONE PC PROJECT/PROGRAM - CASE SUPPORT 50,000

FLORIDA HOLOCAUST MUSEUM

55 FIFTH ST SOUTH
ST PETERSBURG,FL33701 		NONE PC GENERAL OPERATING 1,000

FOUNDATION FOR INDIVIDUAL RIGHTS AND EXPRESSION

510 WALNUT ST STE 1250
PHILADELPHIA,PA19106 		NONE PC GENERAL OPERATING 25,000

FOXFIRE FUND INC

PO BOX 541
MOUNTAIN,GA30562 		NONE PC GENERAL OPERATING 5,000

FREDERIK MEIJER GARDENS AND SCULPTURE PARK

1000 E BELTLINE AVE NE
GRAND RAPIDS,MI49525 		NONE PC GENERAL OPERATING 25,000

FREE TO CHOOSE NETWORK

2002 FILMORE AVE
ERIE,PA16506 		NONE PC PROJECT/PROGRAM - ACHIEVEMENT SERIES 25,000

GERALD R FORD PRESIDENTIAL FOUNDATION

303 PEARL ST NW
GRAND RAPIDS,MI49504 		NONE PC GENERAL OPERATING 2,500

GLOBAL LEADERSHIP NETWORK

PO BOX 3188
BARRINGTON,IL60011 		NONE PC GENERAL OPERATING 300,000

GRAND ACTION FOUNDATION 20

125 OTTAWA NW SUITE 152
GRAND RAPIDS,MI49503 		NONE PC CAPITAL CAMPAIGN 1,000,000

GRAND RAPIDS ART MUSEUM

101 MONROE CENTER NW
GRAND RAPIDS,MI49503 		NONE PC GENERAL OPERATING 10,000

GRAND RAPIDS ART MUSEUM

101 MONROE CENTER NW
GRAND RAPIDS,MI49503 		NONE PC CAPITAL CAMPAIGN 100,000

GRAND RAPIDS CHILDREN'S MUSEUM

11 SHELDON AVE NE
GRAND RAPIDS,MI49503 		NONE PC GENERAL OPERATING 10,000

GRAND RAPIDS CIVIC THEATRE INC

30 N DIVISION AVE
GRAND RAPIDS,MI49503 		NONE PC GENERAL OPERATING 5,000

GRAND RAPIDS DOWNTOWN MARKET EDUCATION FOUNDATION

435 IONIA AVE SW
GRAND RAPIDS,MI495035161 		NONE PC PROJECT/PROGRAM - CHRISTKINDL MARKT 20,000

GRAND RAPIDS DOWNTOWN MARKET EDUCATION FOUNDATION

435 IONIA AVE SW
GRAND RAPIDS,MI495035161 		NONE PC GENERAL OPERATING 5,000

GRAND RAPIDS INITIATIVE FOR LEADERS

PO BOX 7865
GRAND RAPIDS,MI49510 		NONE PC GENERAL OPERATING 10,000

GRAND RAPIDS SWING DANCE INC

6735 WOODSPOINTE COURT SOUTHWEST
BYRON CENTER,MI49315 		NONE PC GENERAL OPERATING 10,000

GREAT LAKES BOAT BUILDING SCHOOL

485 S MERIDIAN ST
CEDARVILLE,MI497199790 		NONE PC GENERAL OPERATING 2,500

GREAT LAKES CENTER FOR THE ARTS

800 BAY HARBOR DR
BAY HARBOR,MI49770 		NONE PC GENERAL OPERATING 2,500

GUIDING LIGHT MISSION

255 DIVISION AVE S
GRAND RAPIDS,MI495034538 		NONE PC GENERAL OPERATING 5,000

HAGGAI INSTITUTE FOR ADVANCED LEADERSHIP TRAINING INC

4725 PEACHTREE CORNERS CIR STE 200
PEACHTREE CORNERS,GA30092 		NONE PC GENERAL OPERATING 5,000

HEART OF WEST MICHIGAN UNITED WAY

118 COMMERCE AVE SW STE 100
GRAND RAPIDS,MI49503 		NONE PC GENERAL OPERATING 25,000

HELP PREGNANCY CRISIS AID INC

705 BRIDGE ST NW
GRAND RAPIDS,MI49504 		NONE PC CAPITAL CAMPAIGN 25,000

HILLSDALE COLLEGE

33 EAST COLLEGE STREET
HILLSDALE,MI492421205 		NONE PC PROJECT/PROGRAM - CENTER FOR TEACHER EXCELLENCE 75,000

HOLLAND CHRISTIAN SCHOOLS

956 OTTAWA AVE
HOLLAND,MI49423 		NONE PC GENERAL OPERATING 55,000

HOME REPAIR SERVICES OF KENT COUNTY

1100 S DIVISION AVE
GRAND RAPIDS,MI49507 		NONE PC PROJECT/PROGRAM - FINANCIAL EDUCATION AND COUNSELING 10,000

HOMELESS CHILDRENS FOUNDATION OF INDIAN RIVER COUNTY INC

3240 CARDINAL DR STE 200
VERO BEACH,FL329634924 		NONE PC GENERAL OPERATING 10,000

HOMEWOOD COMMUNITY CHURCH

2811 CRESCENT AVE
BIRMINGHAM,AL352092543 		NONE PC GENERAL OPERATING 500

HOPE COLLEGE

PHILANTHROPY AND ENGAGEMENT PO BOX
9000
HOLLAND,MI49422 		NONE PC PROJECT/PROGRAM - DANCE MARATHON SUPPORT 500

ICCF COMMUNITY HOMES

415 MARTIN LUTHER KING JR ST SE STE
100
GRAND RAPIDS,MI49507 		NONE PC GENERAL OPERATING 25,000

INDEPENDENT WOMEN'S FORUM

4 WEEMS LANE 312
WINCHESTER,VA22601 		NONE PC PROJECT/PROGRAM - EDUCATION FREEDOM CENTER 100,000

INSTITUTE FOR CULTURAL EVOLUTION

743 PINE ST
BOULDER,CO803024741 		NONE PC GENERAL OPERATING 66,000

INSTITUTE FOR ECONOMIC EMPOWERMENT OF WOMEN

2709 W I 44 SERVICE RD
OKLAHOMA CITY,OK73112 		NONE PC GENERAL OPERATING 20,000

INSTITUTE FOR JUSTICE

901 N GLEBE RD STE 900
ARLINGTON,VA22203 		NONE PC GENERAL OPERATING 10,000

INTERNATIONAL JUSTICE MISSION

PO BOX 96961
WASHINGTON,DC20090 		NONE PC GENERAL OPERATING 10,000

JCUC BLESSING INCORPORATED

PO BOX 2294
POWDER SPRINGS,GA30127 		NONE PC GENERAL OPERATING 10,000

JESSE LEWIS CHOOSE LOVE MOVEMENT

PO BOX 605
NEWTOWN,CT06470 		NONE PC GENERAL OPERATING 10,000

JOHN BALL ZOO

1300 W FULTON ST
GRAND RAPIDS,MI49504 		NONE PC GENERAL OPERATING 10,000

JOHN BALL ZOO

1300 W FULTON ST
GRAND RAPIDS,MI49504 		NONE PC CAPITAL CAMPAIGN 100,000

JOHN F KENNEDY CENTER FOR THE PERFORMING ARTS

PO BOX 58100
WASHINGTON,DC200379997 		NONE PC GENERAL OPERATING 50,000

KENT COUNTY HABITAT FOR HUMANITY

425 PLEASANT ST SW
GRAND RAPIDS,MI49503 		NONE PC GENERAL OPERATING 5,000

KENT COUNTY PARKS FOUNDATION

PO BOX 230165
GRAND RAPIDS,MI49523 		NONE SO III FI GENERAL OPERATING 10,000

KIDS' FOOD BASKET

1300 PLYMOUTH AVE NE
GRAND RAPIDS,MI49505 		NONE PC GENERAL OPERATING 1,000

KIDS HOPE USA INC

201 W WASHINGTON AVE STE 20
ZEELAND,MI49464 		NONE PC GENERAL OPERATING 50,000

LEADERSHIP INSTITUTE

1101 N HIGHLAND ST
ARLINGTON,VA22201 		NONE PC PROJECT/PROGRAM - RILEY GAINES CENTER 100,000

LES CHENEAUX CULINARY SCHOOL

PO BOX 26
HESSEL,MI497450026 		NONE PC GENERAL OPERATING 2,500

LITERACY SERVICES OF INDIAN RIVER COUNTY INC

1600 21ST S
VERO BEACH,FL32960 		NONE SO III FI GENERAL OPERATING 2,500

LITTLE TRAVERSE CONSERVANCY

3264 POWELL ROAD
HARBOR SPRINGS,MI49740 		NONE PC GENERAL OPERATING 2,500

LIVING STONES ACADEMY

1415 LYON ST NE
GRAND RAPIDS,MI49503 		NONE PC GENERAL OPERATING 10,000

MACKINAC CENTER

140 W MAIN ST PO BOX 568
MIDLAND,MI486400568 		NONE PC GENERAL OPERATING 125,000

MANHATTAN INSTITUTE FOR POLICY RESEARCH

52 VANDERBILT AVE
NEW,NY10017 		NONE PC GENERAL OPERATING 100,000

MARS HILL BIBLE CHURCH

3501 FAIRLANES AVE SW
GRANDVILLE,MI49418 		NONE PC GENERAL OPERATING 200,000

MEALS ON WHEELS WESTERN MICHIGAN

2900 WILSON AVE NW SUITE 500
GRANDVILLE,MI49418 		NONE PC GENERAL OPERATING 1,000

MEL TROTTER MINISTRIES

225 COMMERCE AVE SW
GRAND RAPIDS,MI49503 		NONE PC GENERAL OPERATING 5,000

MICHIGAN CROSSROADS COUNCIL BOY SCOUTS OF AMERICA

3213 WALKER AVE NW
GRAND RAPIDS,MI49544 		NONE PC GENERAL OPERATING 15,000

MOUNT VERNON LADIES ASSOCIATION OF THE UNION

PO BOX 110
GRAND RAPIDS,VA22121 		NONE PC GENERAL OPERATING 25,000

MSA FOUNDATION

4940 CASCADE RD SE STE 220
GRAND RAPIDS,MI49546 		NONE PC GENERAL OPERATING 5,000

MUSEUM OF ART DELAND FLORIDA INC

600 N WOODLAND BLVD
DELAND,FL327203447 		NONE PC CAPITAL CAMPAIGN 25,000

NATIONAL REVIEW INSTITUTE

19 WEST 44TH ST STE 1701
NEW,NY10036 		NONE PC GENERAL OPERATING 100,000

OPERA GRAND RAPIDS

1320 EAST FULTON
GRAND,MI49503 		NONE PC GENERAL OPERATING 5,000

ORLANDO MAGIC YOUTH FOUNDATION

400 W CHURCH ST SUITE 250
ORLANDO,FL32801 		NONE PC GENERAL OPERATING 25,000

ORLANDO SCIENCE CENTER

777 E PRINCETON ST
ORLANDO,FL32803 		NONE PC PROJECT/PROGRAM - NEIGHBORHOOD SCIENCE 100,000

PARTNERS WORLDWIDE

6139 TAHOE DR SE
GRAND RAPIDS,MI49546 		NONE PC GENERAL OPERATING 25,000

PHILANTHROPY ROUNDTABLE

1120 20TH ST STE 400N
WASHINGTON,DC20036 		NONE PC GENERAL OPERATING 50,000

POLICE CHAPLAINS MINISTRY

1140 W JACKSON BLVD
CHICAGO,IL606073793 		NONE PC GENERAL OPERATING 500

POLICY CIRCLE

4347 W NORTHWEST HIGHWAY STE 130
PMB 228
DALLAS,TX75220 		NONE PC GENERAL OPERATING 50,000

POTTER'S HOUSE

810 VAN RAALTE DR SW
WYOMING,MI49509 		NONE PC GENERAL OPERATING 201,000

PREGNANCY RESOURCE CENTER

415 CHERRY ST SE
GRAND RAPIDS,MI49503 		NONE PC GENERAL OPERATING 20,000

REHOBOTH CHRISTIAN SCHOOL ASSOCIATION

PO BOX 41
REHOBOTH,NM873220041 		NONE PC GENERAL OPERATING 10,000

SAFE HAVEN MINISTRIES

2627 BIRCHCREST DR SE
GRAND RAPIDS,MI49506 		NONE PC GENERAL OPERATING 10,000

SCHENECTADY COMMUNITY HOME

PO BOX 2122
SCOTIA,NY123020122 		NONE PC GENERAL OPERATING 2,500

STEPHEN'S CHILDREN FOUNDATION

3755 36TH ST SE
GRAND RAPIDS,MI49512 		NONE PC GENERAL OPERATING 25,000

TALL TURF MINISTRIES

2010 KALAMAZOO AVE SE
GRAND RAPIDS,MI49507 		NONE PC GENERAL OPERATING 5,000

TENEO INC

512 W MLK JR BLVD STE 239
AUSTIN,TX787011231 		NONE PC GENERAL OPERATING 50,000

THE CHILDREN'S SCHOLARSHIP FUND

8 WEST 38TH ST RM 804
NEW YORK,NY10018 		NONE PC GENERAL OPERATING 5,000

THE CHOSEN RANCH

PO BOX 190
LINCOLN,MI48742 		NONE PC GENERAL OPERATING 500

THE CLAREMONT INSTITUTE

1317 W FOOTHILL BLVD STE 120
UPLAND,CA91786 		NONE PC GENERAL OPERATING 120,000

THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION

1401 E CALGARY AVE STE 210
BISMARCK,ND585030938 		NONE PC CAPITAL CAMPAIGN 250,000

TOLEDO MUSEUM OF ART

PO BOX 1013
TOLEDO,OH43697 		NONE PC GENERAL OPERATING 1,000

UNITED AGAINST POVERTY

1400 27TH STREET
VERO BEACH,FL329600303 		NONE PC GENERAL OPERATING 20,000

UNITED WAY OF INDIAN RIVER COUNTY

1836 14TH AVE
VERO BEACH,FL32960 		NONE PC GENERAL OPERATING 1,000

UNIVERSITY OF MARYLAND

4603 CALVERT RD
COLLEGE PARK,MD20740 		NONE PC PROJECT/PROGRAM - DVIAM CAPACITY BUILDING HOLLAND AND MICHIGAN LAKESHORE 270,000

UNIVERSITY OF MARYLAND

4603 CALVERT RD
COLLEGE PARK,MD20740 		NONE PC PROJECT/PROGRAM - DVIAM 750,000

VAN ANDEL RESEARCH INSTITUTE

333 BOSTWICK AVE NE
GRAND RAPIDS,MI49503 		NONE PC GENERAL OPERATING 10,000

VERO BEACH MUSEUM OF ART

3001 RIVERSIDE PARK DR
VERO BEACH,FL32963 		NONE PC GENERAL OPERATING 7,000

VISITING NURSE ASSOCIATION & HOSPICE FOUNDATION INC

920 37TH PL
VERO BEACH,FL329606595 		NONE PC GENERAL OPERATING 1,000

WEDGWOOD CHRISTIAN SERVICES

3300 36TH ST SE
GRAND RAPIDS,MI49512 		NONE PC GENERAL OPERATING 5,000

WEST MICHIGAN AVIATION ACADEMY FOUNDATION

5363 44TH ST SE
GRAND RAPIDS,MI49512 		NONE PC CAPITAL CAMPAIGN 120,000

WEST MICHIGAN AVIATION ACADEMY FOUNDATION

5363 44TH ST SE
GRAND RAPIDS,MI49512 		NONE PC GENERAL OPERATING 195,050

WEST MICHIGAN SPORTS COMMISSION

300 OTTAWA NW STE 240
GRAND RAPIDS,MI49503 		NONE PC CAPITAL CAMPAIGN 100,000

WEST MICHIGAN TRAILS & GREENWAYS COALITION

1345 MONROE AVE NW SUITE 244
GRAND RAPIDS,MI495054671 		NONE PC PROJECT/PROGRAM - CAPACITY BUILDING 15,000

WOMEN'S RESOURCE CENTER

678 FRONT NW STE 180
GRAND RAPIDS,MI49504 		NONE PC GENERAL OPERATING 10,000

YMCA OF THE EAST VALLEY

500 EAST CITRUS AVENUE
REDLANDS,CA923735221 		NONE PC GENERAL OPERATING 250

YOUNG LIFE WESTERN GREAT LAKES REGION

PO BOX 2533
HOLLAND,MI49422 		NONE PC GENERAL OPERATING 2,000
Total .................................right arrow 3a 7,249,300
bApproved for future payment

ENDEAVOR DETROIT
1420 WASHINGTON BLVD SUITE 301
DETROIT,MI482261718 		NONE PC GENERAL OPERATING 30,000

GLOBAL LEADERSHIP NETWORK
PO BOX 3188
BARRINGTON,IL60011 		NONE PC GENERAL OPERATING 300,000

GRAND ACTION FOUNDATION 20
125 OTTAWA NW SUITE 152
GRAND RAPIDS,MI49503 		NONE PC CAPITAL CAMPAIGN 1,000,000

HOLLAND CHRISTIAN SCHOOLS
956 OTTAWA AVE
HOLLAND,MI49423 		NONE PC GENERAL OPERATING 100,000

MOUNT VERNON LADIES ASSOCIATION OF THE UNION
PO BOX 110
MOUNT VERNON,VA22121 		NONE PC GENERAL OPERATING 50,000

NATIONAL REVIEW INSTITUTE
19 WEST 44TH ST STE 1701
NEW YORK,NY10036 		NONE PC GENERAL OPERATING 50,000

THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION
401 E CALGARY AVE STE 210
BISMARCK,ND585030938 		NONE PC CAPITAL CAMPAIGN 750,000

WEST MICHIGAN AVIATION ACADEMY FOUNDATION
5363 44TH ST SE
GRAND RAPIDS,MI49512 		NONE PC GENERAL OPERATING 200,000
Total ................................. right arrow 3b 2,480,000
Form 990-PF (2023)
Form 990-PF (2023)
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 1,434  
4 Dividends and interest from securities ....     14 857,544  
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 .....     14 1,682,008  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 171  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,541,157 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,541,157
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
DICK AND BETSY DEVOS FAMILY FOUNDATION
EIN:
38-2902412
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 2,595 260   2,076

TY 2023 InvestmentsCorpStockSchedule
Name:
DICK AND BETSY DEVOS FAMILY FOUNDATION
EIN:
38-2902412
Name of Stock End of Year Book Value End of Year Fair Market Value
MULTIPLAN CORPORATION (COMMON STOCK) 935,681 423,484
INNOVATION TECH INVESTORS, INC (SERIES B COMMON) 631,173 0
VANGUARD EMERGING MARKETS STOCK INDEX ADMIRAL 1,101,871 1,139,986
VANGUARD DEVELOPED MARKETS INDEX ADMIRAL 4,218,603 4,807,849
VANGUARD TOTAL STOCK MARKET INDEX ADMIRAL 8,454,638 10,178,008
FLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND 1,783,199 1,777,107
ISHARES GLOBAL INFRASTRUCTURE ETF 1,230,206 1,249,092
VANGUARD SHORT-TERM BOND INDEX ADMIRAL 1,355,641 1,377,866
NORTHERN ULTRA-SHORT FIXED INCOME 1,111,198 1,131,423
VANGUARD TOTAL BOND MARKET INDEX ADMIRAL 3,458,041 3,496,912
VANGUARD HIGH-YIELD CORPORATE ADMIRAL 3,209,810 3,353,617
NORTHERN INSTITUTIONAL FUNDS - U.S. GOVERNMENT PORTFOLIO 66,348 66,348

TY 2023 InvestmentsOtherSchedule2
Name:
DICK AND BETSY DEVOS FAMILY FOUNDATION
EIN:
38-2902412
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ROUNDTABLE HEALTHCARE CAPITAL PARTNERS III, LP FMV 4,183,842 3,549,813
PRUDENTIAL CAPITAL PARTNERS V, LP FMV 5,077,940 3,967,237
FREEDOM CAPITAL MANAGEMENT, LP FMV 9,161,330 9,161,330
BDT RYE HOLDINGS, LLC FMV 1,949,777 2,790,361
BDT CAPITAL PARTNERS ANNEX FUND 1-A, LP FMV 2,725,141 7,060,313
INNOVATION TECH INVESTORS, INC (SENIOR TERM LOAN) FMV 140,261 112,967
PARTNERS GROUP CLIENT ACCESS 25 LP FMV 3,750 289,653
FREEDOM ASSET MANAGEMENT LP, II FMV 0 78,682
KCC TW INVESTORS, LLC FMV 0 82,843

TY 2023 OtherAssetsSchedule
Name:
DICK AND BETSY DEVOS FAMILY FOUNDATION
EIN:
38-2902412
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ICCF HOMES LLC - NOTE RECEIVABLE 1,000,000 1,000,000 1,000,000
JOURNEY ACADEMY 344,000 344,000 344,000


TY 2023 OtherExpensesSchedule
Name:
DICK AND BETSY DEVOS FAMILY FOUNDATION
EIN:
38-2902412
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMPUTER SERVICES 424 0   424


TY 2023 OtherIncomeSchedule2
Name:
DICK AND BETSY DEVOS FAMILY FOUNDATION
EIN:
38-2902412
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
BDT CAPITAL PARTNERS ANNEX FUND I-A, LP 374,972 45,392 0
BDT RYE HOLDINGS, LLC 0 19,582 0
FREEDOM ASSET MANAGEMENT, LP II 0 241 0
FREEDOM CAPITAL MANAGEMENT, LP 581,437 369,608 0
KCC TW INVESTORS, LLC 0 -3,700 0
PARTNERS GROUP CLIENT ACCESS 25, LP INC. 0 -466 0
PCP V CAYMAN AIV, LP 0 9,791 0
PRUDENTIAL CAPITAL PARTNERS V, LP 275,488 144,479 0
ROUNDTABLE HEALTHCARE CAPITAL PARTNERS III, LP 450,111 525,386 0


TY 2023 OtherLiabilitiesSchedule
Name:
DICK AND BETSY DEVOS FAMILY FOUNDATION
EIN:
38-2902412
Description Beginning of Year - Book Value End of Year - Book Value
MISC. PAYABLES 212 0


TY 2023 OtherProfessionalFeesSchedule
Name:
DICK AND BETSY DEVOS FAMILY FOUNDATION
EIN:
38-2902412
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEES 520,461 203,749   312,735
CUSTODIAL/BANK FEES 6,246 5,933   313
CONSULTING/OTHER 0 0   0


TY 2023 TaxesSchedule
Name:
DICK AND BETSY DEVOS FAMILY FOUNDATION
EIN:
38-2902412
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES 245,000 0   0
FOREIGN TAXES 16,614 16,614   0
STATE INCOME TAXES 9 0   0