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2017 Annual Report

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Sources of Funding

Sources of Funding Sources of Funding for Research & Education 7% Private philanthropy 19% Grants and contract revenue (direct) 67% Endowment income 7% Other Sources of Funding for Operating & Overhead Expenses 76% Endowment income 24% Grants and contract revenue 38 | VAN ANDEL INSTITUTE ANNUAL REPORT 2017

Society of Hope The Society of Hope recognizes individuals and couples who have notified us that they will include Van Andel Institute in their will or other deferred giving plan. Through our acknowledgment of and gratitude to these exceptional people, we hope that their generosity will inspire others. PHILANTHROPY Vivian G. Anderson Stanley & Blanche Ash Kevin & Michelle Bassett Philip & Shirley Battershall John & Nancy Batts Fred & Julie Bogaert Bill & Marilyn Crawford Barbara Erhards J. Scott Grill Joan Hammersmith Arthur Joseph Jabury Ms. Maryanna Johnson Renee Kuipers Mr. & Mrs. Timothy Long Jamie Mills & Jim Nichols LG & Helen Myers Jone E. Phillips Ronald Rutkowski Alan R. Ryan George Sietsema Eva Sonneville Fred L. Tape Hylda & Alvin Tuuk John E. VanFossen In Memoriam — Donald W. Maine With great sadness, we said farewell to Don Maine in February 2018. A member of the Van Andel Education Institute Board of Trustees and chair of the Finance and Compensation committees for more than 11 years, Don was a devoted friend and an enthusiastic champion of the Institute from our beginning. Don was a fixture on the educational scene in West Michigan. He was fascinated with entrepreneurial thinking, and his vision guided Davenport University from a small college to a fully accredited university. As the former president and chancellor, he was beloved at Davenport and throughout our community. A mentor to many, Don made people feel special in everything he did. He gave freely of his time and expertise, serving on multiple boards and receiving numerous accolades along the way. Don was a great friend personally and of the Institute. He will be missed dearly. - David Van Andel VAN ANDEL INSTITUTE ANNUAL REPORT 2017 | 39

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