Jay Van Andel Trust Uad 82878
- Assets
- $174.9m
- Revenue
- $19.1m
- Investments
- $165.3m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 20-6425186
Organization Overview
Jay Van Andel Trust Uad 82878 is located in Grand Rapids, MI. The organization was established in 0000.
For the year ending 12/2022, Jay Van Andel Trust Uad 82878 generated $19.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $112.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adabelle Capital | 12/30/22 | $722,951 |
Calamos Global Opportunities Fund | 12/30/22 | $251,798 |
Merrill Lynch - Westfield Xx2664 | 12/30/22 | $248,838 |
Merrill Lynch - Lazard Xx2688 | 12/30/22 | $245,892 |
Merrill Lynch - Garnder Russo Xx2737 | 12/30/22 | $207,783 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,982 |
| Dividends & Interest | $8,704,597 |
| Net Rental Income | $7,433 |
| Net Gain on Sale of Assets | $10,397,617 |
| Capital Gain Net Income | $10,397,617 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$28,313 |
| Total Revenue | $19,088,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $361,369 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250,604 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,286,132 |
| Total operating and administrative expenses | $2,769,837 |
| Contributions, gifts, grants paid | $110,000,000 |
| Total expenses and disbursements | $112,769,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,208 |
| Savings and temporary cash investments | $9,543,780 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,614 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $165,284,386 |
| Net Land, buildings, and equipment | $27,107 |
| Other assets | $0 |
| Total assets | $174,927,095 |
| Accounts payable and accrued expenses | $845,851 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $845,851 |
Grants Awarded
Over the last fiscal year, Jay Van Andel Trust Uad 82878 has awarded $110,000,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VAN ANDEL INSTITUTE PURPOSE: MEDICAL RESEARCH - FOR THE BENEFIT OF VAN ANDEL RESEARCH INSTITUTE | $59,012,252 |
VAN ANDEL INSTITUTE PURPOSE: MEDICAL RESEARCH - FOR THE BENEFIT OF VAN ANDEL RESEARCH INSTITUTECONTRIBUTED PROPERTY: LP INTEREST IN CALAMOS GLOBAL OPPORTUNITIES FUND LPFAIR MARKET VALUE: 18,637,311METHOD TO DETERMINE FAIR MARKET VALUE: VALUATION BASED ON NET ASSET VALUEBOOK VALUE: 18,637,311METHOD TO DETERMINE BOOK VALUE: COSTDATE OF GIFT: DECEMBER 1, 2022 | $18,637,311 |
VAN ANDEL INSTITUTE PURPOSE: MEDICAL RESEARCH - FOR THE BENEFIT OF VAN ANDEL RESEARCH INSTITUTECONTRIBUTED PROPERTY: MARKETABLE SECURITIESBOOK VALUE: 21,753,723METHOD TO DETERMINE BOOK VALUE: COSTFAIR MARKET VALUE: 32,350,437METHOD TO DETERMINE FAIR MARKET VALUE: MEAN OF HIGH/LOW PRICES ON DATE OF CONTRIBUTIONDATE OF GIFT: DECEMBER 19, 2022 | $32,350,437 |