HILLSDALE COLLEGE

HILLSDALE, MI, 49242-1205 (517) 437-7341 Est. 1844 EIN 38-1374230
B420— Education Form 990 501(c)(3)
www.hillsdale.edu

Mission

SEE SCHEDULE O

Giving Portfolio

Total Grants
57
Total Giving
$3.1M
Recipients
57
Years Active
2017 - 2023
Avg grant: $76,946 Median: $65,423

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202337$1.2M $33K325
20227$630K $90K16
20217$869K $124K70
20202$347K $174K20
20192$42K $21K11
20172$41K $20K20

Sectors Funded

Education
28
Religion-Related
6
Human Services
2
Unknown
2
Arts, Culture & Humanities
2
Civil Rights & Advocacy
2
International & Foreign Affairs
1
Public & Societal Benefit
1
and 1 more sectors

Top States

Michigan
16
California
6
Indiana
4
Connecticut
3
Missouri
3
Pennsylvania
3
New York
3
Colorado
2
and 14 more states

Grantee Size Profile

Over $50M
19
$100K - $500K
7
$5M - $10M
7
$10M - $50M
4
$1M - $5M
3
$500K - $1M
1

Top Grantees

Page 1 of 3

Grants Awarded · 52 grants

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Financials

Total Revenue
$394,153,037
Total Expenses
$270,721,431
Net Assets
$1,742,554,338
2,352 employees 907 volunteers
From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve
6.4 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 22.9%
Expenses ↑ 8.9%
Revenue Sources
Contributions 68.1% Earned revenue 19.6% Investment 10.2% Other 2.0%
Expense Breakdown
Program 59.4% Management 10.9% Fundraising 29.7%

Officers & Trustees (45)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2023 Form 990
Jul 1, 2023 to Jun 30, 2024
$394,153,037 $270,721,431$1,742,554,338
2022 Form 990
Jul 1, 2022 to Jun 30, 2023
$320,784,822 $248,527,191$1,588,493,869
2021 Form 990
Jul 1, 2021 to Jun 30, 2022
$366,213,645 $214,265,709$1,453,234,679
2020 Form 990
Jul 1, 2020 to Jun 30, 2021
$367,996,683 $191,767,397$1,412,029,909
2019 Form 990
Jul 1, 2019 to Jun 30, 2020
$287,422,849 $172,808,580$1,125,414,535
2017 Form 990
Jul 1, 2017 to Jun 30, 2018
$219,356,427 $151,999,759$1,011,256,162

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EIN: 38-1374230 · Source: IRS Form 990 e-file data