COPYFORTHESTATE CF MIC HI GA I Form Return ofPrivate...

COPY FOR THE STATE CFReturn of Private Foundation

MICH IGAIForm 990-PF

OMB No 1545-0052

or Section 4947(a)(1) Nonexempt Charitable Trust 2008Department of the Treasury Treated as a Private FoundationInternal Revenu e Service

Note . The foundation may be able to use a copy of this return to satisfy state reporting requirements

For calendar year 2008, or tax year beginning , and ending

G Check all that anoly Initial return Final return Amended return Address chance Name chance1 LA

ti

c

„t)

O

Use the IRS Name of foundation A Employer Identification number

label.Otherwise , D ICK AND BETSY DEVOS FOUNDATION 38-2902412

print Number and street (or P O box number if mall Is not delivered to street address ) Room/sulte B Telephone numberortype. 126 OTTAWA AVENUE NW, SUITE 500 (616)643-4700

See SpecificInstructions City or town, state, and ZIP code C u exemption application [spending . check here. ►.

RAND RAPIDS, MI 4 9 5 0 3 D 1. Foreign organizations, check here

H Check type of organization: X Section 501(c)(3) exempt private foundation2. Foreign organizations meeting the 85% test,

check here and attach computation

f t0 S 4947 h bl t d1 b E O h oun a ionection ) nonexempt c arita le trust t er taxa e priva e(a) ( E If private foundation status was terminated' L JI Fair market value of all assets at end of year Cash AccrualJ Accounting method X under section 507(b)(1)(A), check here

(from Part Il, col (c), line 16) 0 Other (specify) F If the foundation is in a 60-month termination► $ 4 9 , 411, 3 5 8 . (Part 1, column (d) must be on cash basis.) under section 507(b)(1)(B), check here

Part I Analysis of Revenue and Expenses (a) Revenue and (b ) Net investment (c) Adjusted net ( d) Disbursements(The total of amounts In columns (b), (c), and (d) may notnecessarily equal the amounts in column (a)) expenses per books income income

for chartable purposes(cash basis only)

1 Contributions, gifts, grants, etc., received 9,929, 4 20 . N/A2 Check ►Q if the foundahan is not regutred to attach Sch B

3 cash mvestmenss and temporary 16,277. 3,587 . STATEMENT 1

4 Dividends and interest from securities 2,0 1 4 ,735. 2,014,735. STATEMENT 2

5a Gross rents

b Net rental income or(loss)

6a Net gain or (loss ) from sale of assets not on line 10 5, 874,906.Gross sales price for all

b assets on line 6a 9, 547,596.ID 7 Capital gain net income (from Part tv, line 2) 5,874 ,906.cc

8 Net sho -term it IN

9 Income mod 0EVEDGross as a -

10a and ello aa returns

b Less Co tQ odsN®

c Gross V)r (loss)-11 Other i om -467,034. -461,062. STATEMENT 3

12 Total ddlln 17,368,304. 7,432,166.13 Compensation o o ers. directors, trustees. e 0 • 0 • 0

14 Other employee salaries and wages

15 Pension plans, employee benefits

16a Legal fees STMT 4 781 . 195 . 5 8 6.

CL b Accounting fees STMT 5 5, 460 . 1, 365 . 4, 095.c Other professional fees STMT 6 482, 327 . 149, 327. 333 , 000.

17 Interest

18 Taxes STMT 7 216,175. 12, 284. 0. -.U) 19 Depreciation and depletion

20 Occupancy

< 21 Travel, conferences, and meetings

r- 22 Printing and publications

M 23 Other expenses STMT 8 448,658. 435,195. 13,395.te 24 Total operating and administrative^

o, expenses Add lines 13 through 23 1 , 153,401. 598,366. 351,076.0 25 Contributions, gifts, grants paid 7, 4 1 5,790. 7, 41 5,790. .

26 Total expenses and disbursements

Add lines 24 and 25 8,569,191. 598,366. 7,766,866.27 Subtract line 26 from line 12:

a Excess of revenue over expenses and disbursements 8 , 799,113. 1

b Net Investment Income (n negative enter -o 6,833,800. 1c Adjusted net Income (d negative . enter o-) N/A

LHA For Privacy Act and Paperwork Reduction Act Notice , see the instructions r•orm ayU-rt- (2uu8)82350101.02-09

112141112 137752 38-2902412 2008.04051 DICK AND BETSY DEVOS FOUNDA 38-29023

c

f

Form 990-PF ( 2008 ) DICK AND BETSY DEVOS FOUNDATION 38-2902412 Pallet

t II Balance Sheets At ached schedule and amounts in (he descriptionP

Beginning of year End of yearar column should belorend-of year amounts only ( a) Book Value ( b) Book Value ( c) Fair Market Value

I Cash - non-interest - bearing

2 Savings and temporary cash Investments 20,991,534. 10,439,5 6 5. - 10,439,565.3 Accounts receivable ► 383.

Less: allowance for doubtful accounts ► 11,612. 383.4 Pledges receivable ►

Less: allowance for doubtful accounts ►5 Grants receivable

6 Receivables due from officers , directors, trustees, and otherdisqualified persons

7 ether notes and loans receivable ► 2,316,197.Less: allowance for doubtful accounts ► 1,752,292. 2,316,197. 2,316,197.

8 Inventories for sale or use

9 Prepaid expenses and deferred charges

10a Investments - U.S and slate government obligations

b Investments - corporate stock STMT 11 3,093,328. 3,093,328. 1,297,1619c Investments - corporate bonds

11 Investments land , buildings , and equipment basis ►

Less accumulated deprecation ►

12 Investments - mortgage loans13 Investments - other STMT 12 20,816,770. 30,831,436. 35,358,435.14 Land, buildings, and equipment basis ►

Less accumulated depreciation ►

15 Other assets ( describe ►

16 Total assets to be completed by all filers 46,665,536. 46,680,909. 49,411,358.17 Accounts payable and accrued expenses 52.18 Grants payable

19 Deferred revenue

20 Loans from officers, directors , trustees , and other disqualified persons

t^_o 21 Mortgages and other notes payableJ 22 Other liabilities ( describe ►

23 Total liabilities (add lines 17 through 22 ) 52. 0.Foundations that follow SFAS 117, check here ►and complete lines 24 through 26 and lines 30 and 31

24 Unrestricted

c 25 Temporarily restrictedto

26 Permanently restricted

Foundations that do not follow SFAS 117, check here ►LL and complete lines 27 through 31.

y 27 Capital stock, trust principal, or current funds 0. 0.

28 Paid-in or capital surplus , or land, bldg , and equipment fund 0. 0.

29 Retained earnings, accumulated income, endowment , or other funds 46,665,484. 46,680,909.Z 30 Total net assets or fund balances 46,665,484. 46,680,909.

31 Total liabilities and net assets /fund balances 46,665,536. 1 46,680,909. 1

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 30(must agree with end-of-year figure reported on prior year's return)

2 Enter amount from Part I, line 27a

3 Other increases not Included in line 2 (itemize) ►4 Add lines 1, 2, and 3

5 Decreases not included in line 2 (itemize) ►8 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b). Iii

82351101-02 09

SEE STATEMENT 10

30

46,665,484.8,799,113.

0.55,464,597.8,783,688.

46,680,909.Form 990-PF (2008)


Form 990-PF ( 2008 ) DICK AND BETSY DEVOS FOUNDATION 38-2902412 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.)

How acquiredPurchase

D - Donation

(c) Date acquired(mo , day, yr.)

(d) Date sold(mo., day, yr.)

la

b SEE ATTACHED STATEMENTSCd

e

(e) Gross sales price (t) Depreciation allowed(or allowable)

(g) Cost or other basisplus expense of sale

(h) Gain or (loss)(e) plus (f) minus (g)

a

b

c

d

e 9,547,596. 1 1 2,589,151. 5,874,906.Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus

(1) F.M.V. as of 12/31/69basis

as(j) Adjusted

of 12/3 1/69(k) Excess

co

lss

(f),of

ifcol-an

yyoveroo

col. (k , but not less than -0-) orosses (from col. (h))

a

b

c

de 5,874,906.

2 Capital gain net income or (net capital loss) VIf gain, also enter in Part I, line 7

l If (loss), enter -0- In Part I, line 7 2 5,874,906.

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).It ( loss ) , enter -0- in Part I, line 8 3 N/A

Part V Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year In the base periods 0 Yes ® No

Ii 'Yes," the foundation does not qualify under section 4940 ( e). Do not complete this part.

1 Enter the appropriate amount in each column for each year ; see instructions before making any entries.

( a )Base period years

Calendar year ( or tax year beginning in)

(b)Adjusted quail in distributionsg

(c)Net value of noncharitable use assets

Distrib ut i on ratio(col. (b) divided by col. (c))

2007 6,869,973. 36,893,108. .1862132006 6,942,459. 31,969,543. .2171592005 7,173,752. 23,661,013. .3031892004 3,366,407. 14,692,046. .2291312003 3,423,662. 7,906,162. .433037

2 Total of line 1, column (d) 2 1.368729

3 Average distribution ratio for the 5-year base period - divide

the foundation has been in existence it less than 5 years

the total on line 2 by 5, or by the number of years

3 . 2 7 3 7 4 6

4 Enter the net value of noncharitable - use assets for 2008 from Part X, line 5 4 48, 7 3 6 , 910 .

5 Multiply line 4 by line 3 5 13, 341,534.

6 Enter 1 % of net investment income ( 1% of Part I, tine 27b) 6 6 8 , 3 3 8 .

7 Add lines 5 and 6 7 13,409,872.

8 Enter qualifying distributions from Part XII, line 4 8 7,766,866.

If line 8 is equal to or greater than line 7 , check the box in Part VI, line 1b, and complete that part using a 1% tax rate.See the Part VI instructions

823521 01 02 - 09 Form 990-PF (2008)


Form 990-PF ( 2008 ) DICK AND BETSY DEVOS FOUNDATION 38-2902412 Part VI Excise Tax Based on Investment Income (Section 4940(a ) , 4940(5J 4940(e), or 4948 - see instructions)

Is Exempt operating foundations described in section 4940(d)(2), check here ► L_J and enter 'WA' on line 1.

Date of ruling letter (attach copy of ruling letter If necessary- see Instructions)

b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ►0 and enter 1% 1 136,676.

of Part I, line 27b

c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% 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 3 136,67 974 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- 5 136,676.

6 Credits/Payments:

a 2008 estimated tax payments and 2007 overpayment credited to 2008 6a 184,022.

b Exempt foreign organizations - tax withheld at source 6b

c Tax paid with application for extension of time to tile (Form 8868) 6c 3 5 , 0 0 0d Backup withholding erroneously withheld 6d 16 .

7 Total credits and payments. Add lines 6a through 6d 7 219,038.8 Enter any penalty for underpayment of estimated tax. Check here 0 d Form 2220 is attached 8

9 Tax due. It the total of lines 5 and 8 is more than line 7, enter amount owed ► 9

10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid . ► 10 82,362.11 Enter the amount of line 10 to be: Credited to 2009 estimated tax . 8 2 , 3 6 2 . 1 11 07

esto During the tax year, did the foundation attempt to Influence any national, state, or local legislation or did it participate or intervene in

any political campaign?

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)?

If the answer is "Yes' to 1 a 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?

d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. ► $ 0. (2) On foundation managers ► $ 0.

e Enter the reimbursement (If any) paid by the foundation during the year for political expenditure tax Imposed on foundation

managers ► $ 0.

2 Has the foundation engaged in any activities that have not previously been reported to the IRS?

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

4a Did the foundation have unrelated business gross income of $1,000 or more during the year?

b If "Yes,' has it filed a tax return on Form 990-T for this year?

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year?

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?

7 Did the foundation have at least $5,000 in assets at any time during the year?

If "Yes," complete Part 11, col (c), and Part XV.

8a Enter the states to which the foundation reports or with which it is registered (see instructions) ►MI

is X

lb X

lc X

2 X

3 X

4a X

4b X

5 X

6 X

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 G9 If 'No,' attach explanation 8b X

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(1)(3) or 4942(1)(5) for calendar

year 2008 or the taxable year beginning in 2008 (see instructions for Part XIV)? If 'Yes,' complete Part XIV 9 X

10 Did any persons become substantial contributors during the tax year? it "Yes." attach a schedul e listing their names and addresses 10 X

Form 990-PF (2008)

82353101.02-09


Form 990-PF ( 2008 ) DICK AND BETSY DEVOS FOUNDATION 38-2902412

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)? It'Yes,'attach schedule (see instructions) 11 X

12 Did the foundation acquire a direct or indirect interest in any applicable Insurance contract before

August 17, 20089 12 X

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 X

Website address ► N/A

14 The books are m care of ► ROBERT H. SCHIERBEEK Telephone no ► ( 616 643 - 4 7 0 0126 OTTAWA NW, SUITE 500, GRAND RAPIDS, MI ZIP+4 .49503

15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ►and enter the amount of tax-e xempt interest received or accrued during the year ► 15 N/A

Part VII-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

la 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? Yes ® No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? Yes ® No

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ® Yes No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes ® 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)? Yes ® 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, it terminating within 90 days.) Yes EX No

b If any answer is 'Yes' to la(1)-(6), did any of the acts tall to quality under the exceptions described in Regulations

section 53.494 1(d)-3 or in a current notice regarding disaster assistance (see page 20 of the Instructions)? lb X

Organizations relying on a current notice regarding disaster assistance check here ►c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that were not corrected

before the first day of the tax year beginning In 2008? 1c X

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(l)(3) or 4942(1)(5)):a At the end of tax year 2008, did the foundation have any undistributed Income (lines 6d and 6e, Part XIII) for tax year(s) beginning

before 20089 El Yes ® No

If 'Yes; list the years ►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 ) N/A 2b

c It the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here

►3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time

during the year? ED Yes © No

b II 'Yes,' did it have excess business holdings in 2008 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 2008) N/A

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes9

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 2008?

Form

82354101 02-09

3b

4b I I X990-PF (2008)


Form 990 - PF (20081 DICK AND BETSY DEVOS FOUNDATION 38-2902412 PaPart VII - 113 Statements Regarding Activities for Which Form 4720 May Be Required (continued)

5a During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda , or otherwise attempt to Influence legislation ( section 4945 (e))? Yes ® No

(2) Influence the outcome of any specific public election ( see section 4955 ); or to carry on , directly or indirectly,

any voter registration drive? 0 Yes OR No

(3) Provide a grant to an individual for travel, study, or other similar purposes? 0 Yes ® No

(4) Provide a grant to an organization other than a charitable, etc , organization described in section

509(a )( 1), (2), or (3 ), or section 4940 (d)(2)' Yes OX 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 ? =yes © No

b If any answer is 'Yes' to 5a(1)-(5 ), did any of the transactions tail to qualify under the exceptions described In Regulations

section 53 .4945 or in a current notice regarding disaster assistance ( see instructions )? N/A 5b

Organizations relying on a current notice regarding disaster assistance check here - ►0c 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? N/A 0 Yes 0 No

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 ? F-1 Yes ® No

b Did the foundation , during the year, pay premiums, directly or Indirectly, on a personal benefit contract? fib X

If you answered 'Yes' to 6b, also file Form 8870

7a At any time during the tax year , was the foundation a party to a prohibited tax shelter transaction? E:J Yes © No

b If yes, did the foundation receive any proceeds or have any net income attributa ble to the transaction ? N/A 7b

Part VI11 Information About Officers, Directors, Trustees, Foundation Managers, HighlyPaid Employees, and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation.

(a) Name and address(b) Title, and avera g e

hours per week devotedto position

(c) Compensation( If not paid ,enter - 0-)

(C1IComribubonsto

emp oyeebeneritplans

compensallon

( e) Ex p enseaccount, otherallowances

SEE STATEMENT 13 0. 0. 0.

2 Compensation of f ive highest-paid employees ( other than those included on line 1 ). If none , enter " NONE."

(a) Name and address of each employee paid more than $50,000(b) Title, and average

hours per weekdevoted to position

(c) CompensationContnbuionsto

empanddete n plansbenefit

compensation

(e) Expenseaccount, otherallowances

NONE

Total number of other employees paid over $50,000 ► 0Form 990-PF (2008)

82355101.02-09



Part VIII Information About Officers , Directors , Trustees , Foundation Managers, HighlyPaid Employees , and Contractors (continued)

3 Five highest - paid independent contractors for professional services . If none, enter " NONE."

(a) Name and address of each person paid more than $ 50,000 (b ) Type of service ( c) Compensation

RDV CORPORATION126 OTTAWA AVE STE 500, GRAND RAPIDS, MI 49503 DMINISTRATION FEE 482,327.

Total number of others receivin g over $50,000 for p rofessional services 0JjHart IX-a summary of Direct Unaritanle Activities

List the foundation's four largest direct charitable activities during the tax year. Include relevant statistical information such as theExpensesnumber of organizations and other beneficiaries served, conferences convened, research papers produced, etc.

2

3

4

Part IX-131 Summarv of Prnaram-RPIntPd InvPStmentr

Describe the two largest program - related investments made by the foundation during the tax year on lines 1 and 2 Amount

1 N/A

2

All other program- related investments . See instructions.

3

Total . Add lines 1 through 3 0

Form 990-I 'F (2008)

82356101-02-09

7


Form 990-PF (2008) DICK AND BETSY DEVOS FOUNDATION 38-2902412 Page8

Part X 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 . - la 35,897,352.

b Average of monthly cash balances lb 13,581,744 .

c Fair market value of all other assets 1c

d Total (add lines la, b, and c ) td 49,479,096.

e Reduction claimed for blockage or other factors reported on lines la 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 4 9, 4 7 9, 0 9 6.

4 Cash deemed held for charitable activities Enter 1 1/2% of line 3 (for greater amount, see instructions) 4 7 2

5 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 5 48, 7 3 6 , 9106 Minimum Investment return Enter 5% of line 5 6 2, 436,846

Part XIDistributable Amount (see instructions ) ( Section 4942(1)(3) and (1)(5) private operating foundations and certain

foreign organizations check here ► Q and do n ot com plete this part)

1 Minimum investment return from Part X, line 6 1 2,436,846.

2a Tax on investment income for 2008 from Part VI, line 5 2a 136 ,676 .

b Income tax for 2008. (This does not include the tax from Part VI.) 2b

c Add lines 2a and 2b 2c 13 6 , 6 7 6 .3 Distributable amount before adjustments Subtract line 2c from line 1 3 2, 3 0 0 , 17 0

4 Recoveries of amounts treated as qualifying distributions 4 0

5 Add lines 3 and 4 5 2, 3 0 0, 17 0.

6 Deduction from distributable amount (see instructions) 6 0

7 Distributable amount as adjusted Subtract line 6 from fine 5. Enter here and on Part XIII, line 1 7 2, 3 0 0 , 17 0

rP-aff-W 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 7,766,866.

b Program-related investments - total from Part IX-8 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 protects 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 V, line 8, and Part XIII, line 4 4 7,7 6 6,866.

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income Enter 1% of Part I, line 27b 5 0

6 Adjusted qualifying distributions. Subtract line 5 from line 4 6 7,766,866.

Note The amount on line 6 will be used In Part V, column (b), In subsequent years when calculating whe ther the foundation qualifies for the section

4940(e) reduction of tax in those years

Form 990-PF (2008)

82357101-02-09

8


Form 990-PF (2008) DICK AND BETSY DEVOS FOUNDATION 38-2902412 Page9

Part XIII Undistributed Income (see Instructions)

(a) (b) (c) (d)

Corpus Years prior to 2007 2007 2008

1 Distributable amount for 2008 from Part XI,

line 7

2 Undistributed Income, d any. as of the and of 2007

a Enter amount for 2007 onlyb Total for prior years'

3 Excess distributions carryover, if any, to 2008:aFrom2003 3,425,994.b From 2004 3,361,407.c From 2005 7,173,752.dFrom 2006 6,942,459.eFrom 2007 6,869,973.f Total of lines 3a through e

4 Qualifying distributions for 2008 from

Part xll,line 4: 7,766,866.

a Applied to 2007, but not more than line 2a

bApplied to undistributed income of prior

years (Election required - see instructions)

c Treated as distributions out of corpus

(Election required - see instructions)

dApplied to 2008 distributable amount

eRemaming amount distributed out of corpus

5 Excess distributions carryover applied to 2008(If an amount appears in column (d), the same amountmust be shown In column (a) )

6 Enter the net total of each column asindicated below:

8 Corpus Add fines 31 , 4c, and 4e Subtract line 5

b Prior years' undistributed income Subtract

line 4b from line 2b

c Enter the amount of prior years'undistributed income for which a notice ofdeficiency has been issued, or on whichthe section 4942(a) tax has been previouslyassessed

dSubtract line 6c from line 6b Taxable

amount - see instructions

e Undistributed income for 2007. Subtract line

4a from line 2a Taxable amount - see Instr

I Undistributed income for 2008 Subtract

lines 4d and 5 from line 1 This amount must

be distributed in 2009

7 Amounts treated as distributions out of

corpus to satisfy requirements imposed by

section 170(b)(1)(F) or 4942(g)(3)

8 Excess distributions carryover from 2003

not applied on line 5 or line 7

9 Excess distributions carryover to 2009.

Subtract lines 7 and 8 from line 6a

10 Analysis of line 9*

a Excess from 2004 3, 361,407.

bExcess from 2005 7 , 173,752.

c Excess from 2006 6, 942,459.

d Excess from 2007 6, 869,973.

e Excess from 2008 7, 766,866.

82358101 02 09

12141112 137752 38-2902412

2,300,170.

0.

0.

27,773,585.

0.

0.

7,766,866. Se.e_ Stcta e-n0.

0.2,300,170. 2,300,170.

33,240,281.

0.

0.

0.

0.

0.-

0.

1,125,824.

32,114,457.

Form 990-PF (2008)

92008.04051 DICK AND BETSY DEVOS FOUNDA 38-29023

Form 990 -PF (2008 ) DICK AND BETSY DEVOS FOUNDATION 38-2902412

Part X IV Private Operating Foundations (see instructions and Part VII•A, question 9) N IA1 a If the foundation has received a ruling or determination letter that it is a private operating

foundation, and the ruling Is effective for 2008 , enter the date of the ruling lo.b Check box to indicate whether the foundation Is a private operating foundation described in section L_J 4942 ( 1) ( 3 ) or LL_JJ 4942 f 5

2 a Enter the lesser of the ad j usted net Tax year Prior 3 years

income from Part I or the minimum ( a) 2008 ( b) 2007 ( c) 2006 ( d) 2005 ( e) Total

investment return from Part X for

each year listed

b 85% of line 2a

c Qualifying distributions from Part XII,

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 2cComplete 3a, b, or c for thealternative test relied upon*

a "Assets" alternative test - enter:(1) Value of all assets

(2) Value of assets qualifyingunder section 4942(I)(3)(B)(i)

b 'Endowment' alternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted

c 'Support' alternative test • enter:

(1) Total support other than grossinvestment income (interest,dividends, rents, payments onsecurities loans (section512(a)(5)), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942(I)(3)(B)(ni)

(3) Largest amount of support from

an exempt organization

( 4 ) Gross investment IncomePart XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets

at any time during the year-see the instructions.)

1 Information Regarding Foundation Managers:

a List 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) )

SEE STATEMENT 14b List 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

2 Information Regarding Contribution , Grant , Gift, Loan , Scholarship , etc., Programs:

Check here t Q it the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds 11

the foundation makes gifts, grants, etc ( see instructions ) to individuals or organizations under other conditions, complete items 2a, b, c, and d

a The name , address, and telephone number of the person to whom applications should be addressed

DICK AND BETSY DEVOS, (616) 643-4700

126 OTTAWA, N.W., SUITE 500, GRAND RAPIDS, MI 49503

b The form In which applications should be submitted and information and materials they should include:

LETTER OF REQUEST

c Any submission deadlines:

NONE

d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors:

NONE

823601 01 -02 09 Form 990-PF (2008)

10


Form 990-PF (2008 ) DICK AND BETSY DEVOS FOUNDATION 38-2902412 Part XV Supplementary Information (continued)3 Grants and Contributions Paid During the Year or Aooroved for Future Payment

Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant or

AmountName and address ( home or business ) any foundation manager status of

ticontribution

or substantial contributor enrecip

a Paid during the year

SEE ATTACHED STATEMENT 7415790.

Total ► 3a 7415790.

b Approved for future payment

NONE

Total ► 3b I V .

82 3 611 01 - 02-09 Form 990-PF (2008)


. .


Part XVI -A Analysis of Income-Producing Activities

Enter gross amounts unless otherwise Indicated unre l a t e d b usiness income Excluded by section 512, 513 , or 514 (e).

1 Program service revenue:

(a)Businesscode

(b)Amount

JUL.^a

(d)Amount

Related or exemptfunction income

a

b

c

d

ef

g Fees and contracts from government agencies

2 Membership dues and assessments

3 Interest on savings and temporary cashInvestments 14 16,277.

4 Dividends and interest from securities 1 2,014,735.5 Net rental income or ( loss) from real estate:

a Debt-financed property

b Not debt-financed property

6 Net rental income or ( loss) from personal

property

7 Other investment income 551112 -5,972. 18 -461,062.8 Gain or ( loss) from sales of assets other

than inventory 18 5,874,906.9 Net income or (loss ) from special events

10 Gross profit or (loss ) from sales of inventory

11 Other revenue,

a

b

cd

e

12 Subtotal. Add columns ( b), (d), and (e) -5,972. . 7,444,856. 0.13 Total . Add line 12, columns (b), (d), and ( e) 13 7,438,88

(See worksheet in line 13 instructions to verify calculations

Part VI - B Relationship of Activities to the Accomplishment of Exempt Purposes


Form 990-PF (2008) DICK AND BETSY DEVOS FOUNDATION 38-2902412 Part-XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

1 Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No

the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting foundation to a nonchantable exempt organization of

(1) Cash 1a 1 X

(2) Other assets- 1a(2) X

b Other transactions:

(1) Sales of assets to a noncharltable exempt organization lb(l) X

(2) Purchases of assets from a noncharltable exempt organization 1b(2) X

(3) Rental of facilities, equipment, or other assets lb (3) X

(4) Reimbursement arrangements lb(4) X

(5) Loans or loan guarantees lb(5) X

(6) Performance of services or membership or fundraising solicitations _ lb(6) X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees - 1c X

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 arrangem ent, show in

column (d) the value of the goods, other assets, or services received.

(a) Name of organization (b) Type of organization (c) Description of relationship

N/A

Under penalties of p , I declare that I h e exams d this return clud ccompanying schedules and statements , and to the best of my knowledge and belief, it is true, correct,

and complete clar on of prep er t than aver rid t ed on all information of which preparer has any knowledge

Sig ature of officer or trust D;

=U)

Preparer'sy E signature le-

ap,Oy Rim ' s name (or yours DELOITTE TAX LLP

a aj tself-employed ), ' 333 BRIDGE STREET NW, SUaddress, and ZIP code GRAND RAPIDS, MI 49504-5

82362201-02-09

16101104 137752 38-2902412 2008.04051

2a Is the foundation directly or indirectly affiliated with , or related to , one or more tax-exempt organizations described

in section 501 ( c) of the Code ( other than section 501(c)(3 )) or in section 527? Yes © No

h If 'Yes ' romnlefe the fnllnwlnn schedule

Schedule B(Form 990, 990-EZ,or 990-PF)Department of the TreasuryInternal Revenu e Service

Name of the organization

DICK AND BETSY DEVOS FOUNDATION

Employer identification number

38-2902412Organization type (check one)

Filers of: Section:

Form 990 or 990-EZ El 501 (c)( ) (enter number) organization

0 4947(a)(1) nonexempt charitable trust not treated as a private foundation

Q 527 political organization

Form 990 PF © 501(c)(3) exempt private foundation

Q 4947(a)(1) nonexempt charitable trust treated as a private foundation

El 501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule. (Note . Only a section 501(c)(7), (8), or (10) organization can check boxes

for both the General Rule and a Special Rule See Instructions )

General Rule

© For organizations filing Form 990, 990 EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one

contributor. Complete Parts I and II

Special Rules

D For a section 501(c)(3) organization filing Form 990, or Form 990-EZ, that met the 33 1/3% support test of the regulations under sections

509(a)(1)/170(b)(1)(A)(vi), and received from any one contributor, during the year, a contribution of the greater of (1) $5,000 or (2) 2% of the

amount on Form 990, Part VIII, line 1h or 2% of the amount on Form 990-EZ, line 1 Complete Parts I and II

For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year,

aggregate contributions or bequests of more than $1,000 for use exclusively for religious, charitable, scientific, literary, or educational

purposes, or the prevention of cruelty to children or animals Complete Parts I, II, and III

For a section 501(c )( 7), (8), or (10) organization filing Form 990 , or Form 990 - EZ, that received from any one contributor , during the year,

some contributions for use exclusively for religious , charitable, etc , purposes, but these contributions did not aggregate to more than

$1,000 ( If this box is checked , enter here the total contributions that were received during the year for an exclusively religious, charitable,

etc , purpose Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively

religious, charitable , etc., contributions of $5,000 or more during the year) ► $

Caution . Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990 PF), but

they must answer 'No' on Part IV, line 2 of their Form 990, or check the box in the heading of their Form 990 EZ, or on line 2 of their Form 990 PF, to

certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF)

LHA For Privacy Act and Paperwork Reduction Act Notice , see the Instructions Schedule B ( Form 990 , 990-EZ, or 990 - PF) (2008)

for Form 990 . These instructions will be Issued separately.

823451 12-1e-0e14


Schedule of Contributors110- Attach to Form 990, 990-EZ, and 990-PF.

OMB No 1545-0047

2008

Schedule B (Form 090.990-EZ, or 990-PF) (2008)

Name of organization


Employer Identification number

38-2902412

Part I Contributors (see instructions)

(a)

No.

(b)

Name, address , and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

1 DICK AND BETSY DEVOS Person

126 OTTAWA AVENUE N.W., SUITE 500 $ 9,929,420.Payroll QNoncash

GRAND RAPIDS, MI 4 9 5 0 3(Complete Part II it there

is a noncash contribution )

(a)

No.

(b)

Name , address , and ZIP + 4

(c)


(d)


Person

$

Payroll Q

Noncash Q

(Complete Part II if there


(a)

No.

(b)

Name , address , and ZIP + 4

(c)


(d)


Person

$

Payroll 0

Noncash 0


is a noncash contribution)

(a)

No.

(b)


(c)


(d)


Person 0

$

Payroll 0

Noncash



(a)

No.

(b)


(c)


(d)


Person LI

$

Payroll

Noncash Q

(Complete Part II If there


(a)

No.

(b)

Name , address, and ZIP + 4

(c)


(d)


Person 0

$

Payroll

Noncash Q



Schedule B (Form 9 90 . 990-EZ . or 990 - PFI (20081

1 of 1 of P ar,


Schedule B (Form 990.990-EZ. or 990-PF) (20081


1 of 1 of Fed II

ttlon number

38-2902412

Part II Noncash Property (see instructions)

(aNo.

)

from

Part I

(b)Description of noncash property givenFMV ( or

(c)

estimate)

(see instructions)

(d)Date received

426,980 SHARES OF K12, INC. STOCK1

$ 9,929,420. 06/16/08

(a)No.

from

Part I

(b)Description of noncash property given

(c)FMV (or estimate)

(see instructions)

(d)Date received

(a)No.

from

Part I


(c)FMV (or estimate)

(see instructions)

(d)Date received

(a)

ffrom

Part IDescription of noncash property given

(c)

( or estimate )FMV (

(see instructions)Date received

(a)No.

from

Part 1


( c)FMV ( or estimate)

(see instructions)

(d)Date received

(a)

No.

from

Part I


(FMV ( or estimate)

( see instructions)

(d)Date received

All- -, e -„e Schedule B (Form 9 90. 990-EZ. or 990-PF1(20081


DICK AND BETSY DEVOS FOUNDATIONEIN: 38 -2902412

STATEMENT ATTACHED TO AND MADE PART OF FORM 994PFRETURN OF PRIVATE FOUNDATION

FOR TAXABLE YEAR-ENDED DECEMBER 31, 2008

Statement Filed Pursuant to Treas. Req. Section 1.6038B-1(c)and Temp. Req. Section 1.6038B-1T(c)

(1) Name of Transferor: Dick and Betsy DeVos FoundationEIN: 38-2902412Address: 126 Ottawa Ave NW, Suite 500

Grand Rapids, MI 49503

(2) Name of Transferee: Goldman Sachs Investment Partners Offshore, LPEIN: N/AAddress. Ugland House, P.O. Box 309

Grand Cayman, KY1-1102 Cayman IslandsCountry of Incorporation: Cayman Islands

(3) On various dates in 2008, Freedom Asset Management L.P. II transferred cash toGoldman Sachs Investment Partners Offshore, LP. Pursuant to Temp. Reg.Section 1.367(a)-1T(c)(3), each partner is considered to have transferred theirproportionate share of the cash. Dick and Betsy DeVos Foundation, one of theultimate partners, transferred cash with a fair market value of $3,960,000 inexchange for additional paid in capital.

(4) Provide a general description of the property transferred in each of the followingcategories, including the estimated FMV and adjusted basis of the property:

(i) Active trade or business propertya. Cash: FMV $3,960,000

(ii) Stock or securities

(iii) Depreciated property

(iv) Property to be leased

(v) Property to be sold

(vi) Transfers to FSCs

(vii) Tainted property

(viii) Foreign loss branch

(ix) Other intangibles.

DICK AND BETSY DEVOS FOUNDATION3 8-2902412

LINE 5

A TYPE OF ENTITY FOREIGNB NAME GAVEA INVESTMENT FUND II-A LP

C EIN 98-0537945D DATE SCHEDULE K-1 RECEIVED NONE

A TYPE OF ENTITY FOREIGNB NAME GAVEA INVESTMENT FUND III A LP

C EIN 98-0580486D DATE SCHEDULE K-I RECEIVED NONE

A TYPE OF ENTITY FOREIGNB NAME MIDDLE EAST NORTH AFRICA OPPORTUNITIES FD, LP


A TYPE OF ENTITY PARTNERSHIPB NAME VIC FUND (DELAWARE), L.P.


A TYPE OF ENTITY FOREIGNB NAME VOYAGER FUND MAURITIUS LIMITED

C EIN 98-0430599

D DATE SCHEDULE K-1 RECEIVED NONE

DICK AND BETSY DEVOS FOUNDATION 38-2902412

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1

SOURCE

A-FLEX GROUP INVESTORS LLC - TAX EXEMPTEBB GROUP INVESTORS LLC K-1 TAX-EXEMPTFIBERBOARD GROUP-TAX EXEMPTFREEDOM ASSET MANAGEMENT LP II-TAX EXEMPT INTERESTK-1FREEDOM CAPITAL MANAGEMENT LP-TAX EXEMPT INTERESTK-1KCC TW INVESTORS LLC TAX-EXEMPTMACATAWA BANK

TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A

AMOUNT

54.9.4.

54.

12,561.8.

3,587.

16,277.

19 STATEMENT(S) 1



FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2

CAPITAL GAINS COLUMN (A)

SOURCE GROSS AMOUNT DIVIDENDS AMOUNT

TOTAL TO FM 990-PF, PART I, LN 4

201. 0. 201.

1,677. 0. 1,677.

3,560. 0. 3,560.394,502. 0. 394,502.

7. 0. 7.

526,914. 0. 526,914.4. 0. 4.

30,818. 0. 30,818.

41,555. 0. 41,555.

103,974. 0. 103,974.

563,037. 0. 563,037.

10,923. 0. 10,923.

10,001. 0. 10,001.

17,262. 0. 17,262.

13,011. 0. 13,011.

6,281. 0. 6,281.

1,881. 0. 1,881.

2,583. 0. 2,583.12,468. 0. 12,468.3,491. 0. 3,491.

86,973. 0. 86,973.

134,345. 0. 134,345.1,067. 0. 1,067.

35,745. 0. 35,745.

2. 0. 2.11,920. 0. 11,920.

533. 0. 533.

2,014,735. 0. 2,014,735.

20 STATEMENT(S) 2


DICK AND BETSY DEVOS FOUNDATION I0_1onlA10

'FORM 990-PF OTHER INCOME STATEMENT 3

DESCRIPTION

KCC TW INVESTORS LLC - ORDINARY

(A) (B) (C)REVENUE NET INVEST - ADJUSTED

PER BOOKS MENT INCOME NET INCOME

- 5,979. 0.- 507,308 . - 507,308.

9,455 . 9,455.135. 135.

17. 0.

34. 0.

-577. -577.

28,229. 28,229.

7,166. 7,166.

656. 656.

INCOME -44. 0.KCC TW INVESTORS LLC - ORDINARYINCOME 1,185. 1,185.KCC TW INVESTORS LLC - SEC 1231 -3. -3.

TOTAL TO FORM 990-PF, PART I, LINE 11 -467,034. -461,062.

1

21 STATEMENT(S) 3



FORM 990-PF LEGAL FEES STATEMENT 4

DESCRIPTION

LEGAL FEES

TO FM 990-PF, PG 1, LN 16A

(A) (B)EXPENSES NET INVEST-PER BOOKS MENT INCOME

781. 195.

781.

(C)ADJUSTED

NET INCOME

195.

(D)CHARITABLEPURPOSES

586.

586.

22 STATEMENT(S) 4



FORM 990-PF ACCOUNTING FEES STATEMENT 5

(A) (B) (C) (D)

EXPENSES NET INVEST- ADJUSTED CHARITABLEDESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

ACCOUNTING FEES 5,460. 1,365. 4,095.

TO FORM 990-PF, PG 1, LN 16B 5,460. 1,365. 4,095.

23 STATEMENT(S) 512141112 137752 38-2902412 2008.04051 DICK AND BETSY DEVOS FOUNDA 38-29023


FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 6

(A) (B) (C) (D)


MANAGEMENT FEES

TO FORM 990-PF, PG 1, LN 16C

482,327. 149,327. 333,000.

482,327. 149,327. 333,000.

24 STATEMENT(S) 6



FORM 990-PF TAXES STATEMENT 7

(A) (B) (C) (D)


FEDERAL TAXES 203,891. 0. 0.12,284. 12,284. 0.

TO FORM 990-PF, PG 1, LN 18 216,175. 12,284. 0.


DICK AND BETSY DEVOS FOUNDATION fl n n n n n. w ..

FORM 990-PF OTHER EXPENSES STATEMENT 8

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

CUSTODIAL FEESBANK FEESFILING FEESMISCELLANEOUS

MEALS

TRAVEL

TO FORM 990-PF, PG 1, LN 23

1,467. 1,467. 0.656. 656. 0.20. 0. 20.32. 0. 32.

276,796. 276,735. 0.13,312. 0. 13,312.

124,833. 124, 826. 0.31,511. 31,511. 0.

31. 0. 31.

448,658. 435,195. 13,395.



FOOTNOTES

DICK AND BETSY DEVOS FOUNDATION126 OTTAWA AVENUE, N.W., SUITE 500GRAND RAPIDS, MI 49503EIN 38-2902412, FORM 990-PFYEAR ENDED DECEMBER 31, 2008

PART XIII - COMPUTATION OF UNDISTRIBUTED INCOME(ELECTION): PURSUANT TO REG. SEC. 53.4942(A)-3(D)(2)TAXPAYER HEREBY ELECTS TO APPLY ITS 2008 QUALIFYINGDISTRIBUTION TO CORPUS.

STATEMENT 9



FORM 990-PF OTHER DECREASES IN NET ASSETS OR FUND BALANCES STATEMENT 10

DESCRIPTION

BOOK / TAX DIFFERENCE ON INTEREST AND DIVIDENDSBOOK / TAX DIFFERENCE ON FLOW- THROUGH INCOMEBOOK/TAX DIFFERENCE - CAPITAL GAINS ON CONTRIBUTED STOCK

TOTAL TO FORM 990-PF, PART III, LINE 5

AMOUNT

78,287.1,365,132.7,340,269.

8,783,688.



FORM 990-PF CORPORATE STOCK STATEMENT 11

DESCRIPTION BOOK VALUE

3,093,328.

3,093,328.

FAIR MARKETVALUE

CORPORATE STOCK - SEE STATEMENT 15

TOTAL TO FORM 990-PF, PART II, LINE 10B

1,297,161.

1,297,161.



FORM 990-PF OTHER INVESTMENTS STATEMENT 12

DESCRIPTIONVALUATION FAIR MARKETMETHOD BOOK VALUE VALUE

OTHER INVESTMENTS - SEE STATEMENT FMV15

TOTAL TO FORM 990-PF, PART II, LINE 13

30,831,436. 35,358,435.

30,831,436. 35,358,435.



FORM 990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 13TRUSTEES AND FOUNDATION MANAGERS

TITLE ANDNAME AND ADDRESS AVRG HRS/WK

RICHARD M. DEVOS JR PRESIDENT126 OTTAWA AVENUE NW, SUITE 500 1.00GRAND RAPIDS, MI 49503

ELISABETH DEVOS VICE PRESIDENT126 OTTAWA AVENUE NW, SUITE 500 1.00GRAND RAPIDS, MI 49503

JERRY L. TUBERGEN COO/VP/SECT.126 OTTAWA AVENUE NW, SUITE 500 1.00GRAND RAPIDS, MI 49503

ROBERT H. SCHIERBEEK TREASURER126 OTTAWA AVENUE NW, SUITE 500 1.00GRAND RAPIDS, MI 49503

JEFFREY K. LAMBERT VICE PRESIDENT126 OTTAWA AVENUE NW, SUITE 500 1.00GRAND RAPIDS , MI 49503

TOTALS INCLUDED ON 990-PF, PAGE 6, PART VIII

EMPLOYEECOMPEN- BEN PLAN EXPENSESATION CONTRIB ACCOUNT

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.

0. 0. 0.


bICK AND BETSY DEVOS FOUNDATION 38-2902412

FORM 990-PF PART XV - LINE 1A STATEMENT 14LIST OF FOUNDATION MANAGERS

NAME OF MANAGER

RICHARD M. DEVOS JRELISABETH DEVOS


DICK and BETSY DEVOS FOUNDATION

EIN 38-2902412YEAR ENDED 12/31/08

FORM 990PF - PART II INVESTMENTS

CORPORATE STOCKPACWEST BANCORPWHITE RIVER CAPITAL INC.FIFTH THIRD BANCORP

OTHER ASSETS

PEGASUS INVESTORS, LLCA-FLEX GROUP INVESTORS, LLCINTERNATIONAL PRIVATE EQUITY I, LPINTERNATIONAL PRIVATE EQUITY II, LPINTERNATIONAL PRIVATE EQUITY III, LPLOEB ARBITRAGE FUNDFREEDOM ASSET MANAGEMENT LPEBB GROUP INVESTORS, LLCKCC TW INVESTORS, LLCCOMMONFUND CAPITAL INTERNATIONAL PARTNERS IV, LIFIBERBOARD GROUP LLC

Book Value Market

1,749,998 1,001,595612,830 79,840730,500 215,726

3,093,328 1,297,161

1,805,400 3,566,2694,138,750 6,834,556147,734 209,668558,869 723,684484,106 781,279

5,000 , 000 5,950,5237,959 ,144 7 ,109,9544,651 , 200 5,166,4361,538,500 1,950,7732,012,432 2 , 457,1862,535 , 300 608,105

30,831 , 436 35 , 358,435

STATEMENT 15

Dick and Betsy DeVos FoundationEIN 38-2902412

Year Ended 12/31/08Form 990PF - Part XV Supplementary Information

Line 3 - Grants and Contributions Paid during the Year or Approved for Future Payment

FoundationRelationship Status of Purpose

Recipient Name and Address to Donor Recipient of Grant Amount

Act One, Inc. None 501(c)(3) Unrestricted 50,000

2690 N. Beachwood Dr. Grant to

Hollywood, CA 90068 General Fund

The Acton Institute For The Study of Religion and Liberty None 501 (c)(3) Unrestricted 50,000

161 Ottawa Avenue NW, Suite 301 The Waters Building Grant to

Grand Rapids, MI 49503 General Fund

Ada Christian School None 501(c)(3) Unrestricted 5,000

6206 Ada Dr SE Grant to

Ada, MI 49301 General Fund

Alliance for School Choice None 501 (c)(3) Unrestricted 50,000

1660 L Street NW Suite 1000 Grant to

Washington, D C 20036 General Fund

Alpha Women's Center, Inc. None 501(c)(3) Unrestricted 1,000

1055 E. Fulton Street Grant to


American Cancer Society - Great Lakes Division, Inc. None 501(c)(3) Unrestricted 2,500

400 Ann Street NW, Suite 202 Grant to


The American Council of Young Political Leaders None 501 (c)(3) Unrestricted 1,000

1717 K Street NW, Suite 500 Grant to

Washington, DC 20036 General Fund

American Enterprise Institute for Public Policy Research None 501(c)(3) Unrestricted 1,000

1150 17th Street NW Grant to


American Heart Association, Midwest Affiliate, Inc. None 501 (c)(3) Unrestricted 5,000

3940 Peninsular Dr SE Suite 180 Grant to

Grand Rapids, Ml 49546-6107 General Fund

American Justice Partnership Foundation None 501(c)(3) Unrestricted 50,000

1331 Pennsylvania Ave NW, Suite 600 Grant to


Amy Foundation None 501(c)(3) Unrestricted 1,000

P O Box 16091 Grant to

Lansing, MI 48901 General Fund

Amyotrophic Lateral Sclerosis Association None 501(c)(3) Unrestricted 1,000

678 Front St Grant to

Suite 159 General Fund


Aquinas College None 501(c)(3) Unrestricted 1,500

1607 Robinson Road SE Grant to

Grand Rapids, MI 49502-6006 General Fund

Arthritis Foundation - West Michigan Region None 501 (c)(3) Unrestricted 1,000

3226 28th St SE Suite 1 Grant to

Kentwood, MI 49512 General Fund

STATEMENT






Arts Council of Greater Grand Rapids , Inc. None 501 (c)(3) Unrestricted 1,000

PO Box 2265 Grant toGrand Rapids, MI 49501-2265 General Fund

Aspen Valley Ski & Snowboard Club, Inc. None 501(c)(3) Unrestricted 10,000

845 Aspen Oak Dr Grant toAspen, CO 81611 General Fund

Ayenda Foundation None 501(c)(3) Unrestricted 5,000

2341 Wyoming Ave NW Grant toWashington, DC 20008-1646 General Fund

Baptists for Life None 501 (c)(3) Unrestricted 1,000

P.O. Box 3158 Grant to


Barbara Ann Karmanos Cancer Institute None 501(c)(3) Unrestricted 5,500

4100 John R Grant to

Detroit, MI 48201 General Fund

Baxter Community Center None 501(c)(3) Unrestricted 10,000

935 Baxter SE Grant to


The Becket Fund None 501(c)(3) Unrestricted 10,000

1350 Connecticut Ave NW, Suite 605 Grant to


Bethany Christian Services None 501(c)(3) Unrestricted 50,000

PO Box 294 901 Eastern Ave NE Grant to


Black Alliance for Educational Options None 501(c)(3) Unrestricted 25,000

888 16th Street NW, Suite 800 Grant to


Blazesports America Inc. None 501(c)(3) Unrestricted 3,000

280 Interstate Cir 450 Grant to

Atlanta, GA 30339 General Fund

Boy Scouts of America, Gerald R. Ford Council None 501(c)(3) Unrestricted 19,000

3213 Walker NW Grant to


Boys & Girls Clubs of Grand Rapids Youth Commonwealth None 501(c)(3) Unrestricted 85,000

235 Straight NW Grant to


Boys & Girls Club of Greater Holland None 501(c)(3) Unrestricted 10,000

435 Van Raalte Avenue Grant to

Holland, MI 49423 General Fund

Bridges of Understanding Foundation None 501(c)(3) Unrestricted 25,000

Meridian International Center Grant to

1630 Crescent Place NW General Fund

Washington, DC 20009

STATEMENT

Dick and Betsy DeVos FoundationEIN 38 -2902412





Broadway Grand Rapids None 501(c)(3) Unrestricted 5,000

122 Lyon NW Grant toGrand Rapids, MI 49503 General Fund

Camp Blodgett None 501(c)(3) Unrestricted 1,000

1545 Buchanan Ave Grant toGrand Rapids, Ml 49507 General Fund

Cape Eleuthera Foundation , Inc. None 501(c)(3) Unrestricted 80,000

P.O Box 6008 Grant toLawrenceville, NJ 08648 General Fund

Capital Region Community Foundation None 501(c)(3) Unrestricted 250

6035 Executive Dr Suite 104 Grant toLansing, MI 48911-5338 General Fund

Cascade Charter Township None 501(c)(3) Unrestricted 5,000

2865 Thornhills SE Grant toGrand Rapids, MI 49546 General Fund

Catholic Charities West Michigan None 501(c)(3) Unrestricted 2,500

40 Jefferson Grant toGrand Rapids, MI 49503 General Fund

Cato Institute None 501(c)(3) Unrestricted 5,000

1000 Massachusetts Ave , NW Grant toWashington, DC 20001 General Fund

Celebration on the Grand None 501(c)(3) Unrestricted 1,000

P.O Box 230914 Grant toGrand Rapids, Ml 49523 General Fund

Center for Government Reform None 501(c)(3) Unrestricted 10,000

823 Katie Court Grant toMuskegon, MI 49441 General Fund

Camp Tall Turf None 501(c)(3) Unrestricted 50,000

935 Baxter St SE Grant toGrand Rapids,Ml 49506 General Fund

Christian Counseling Center None 501 (c)(3) Unrestricted 5,0001870 Leonard NE Grant toGrand Rapids, MI 49505-5650 General Fund

Christian Reformed Church, N.A. None 501(c)(3) Unrestricted 10,0002850 Kalamazoo Avenue SE Grant toGrand Rapids, Ml 49560 General Fund

City of Grand Rapids None Govt/Pub Ed Unrestricted 1,000

300 Monroe Ave Grant to

Grand Rapids, Ml 49503 General Fund

CLC Network None 501(c)(3) Unrestricted 61,500

4340 Burlingame SW Grant to

Wyoming, MI 49509-3770 General Fund

STATEMENT

' Dick and Betsy DeVos FoundationEIN 38-2902412




Reci p ient Name and Address to Donor Recip ient of Grant Amount

Community Foundation of the Holland/Zeeland Area None 501(c)(3) Unrestricted 17,50070 West 8th Street, Suite 100 Grant toHolland, MI 49423 General Fund

Compassionate Heart Ministries None 501 (c)(3) Unrestricted 5,000100 Pine Street Grant toZeeland , MI 49464-2600 General Fund

Council of Michigan Foundations None 501 (c)(3) Unrestricted 4,700One S Harbor Dr, Suite 3 Grant toGrand Haven, MI 49417 General Fund

Covenant House Michigan None 501(c)(3) Unrestricted 10,0002959 Martin Luther King Jr Blvd Grant toDetroit, MI 48208 General Fund

Criminal Justice Chaplaincy None 501(c)(3) Unrestricted 2,500207 Fulton Street E Grant toGrand Rapids, MI 49546 General Fund

Cure International , Inc. None 501(c)(3) Unrestricted 30,000701 Bosler Ave. Grant toLemoyne, PA 17043 General Fund

Davenport University None 501(c)(3) Unrestricted 60,000415 East Fulton Grant toGrand Rapids, MI 49503 General Fund

Dead Sea Scrolls Foundation , Inc. None 501(c)(3) Unrestricted 25,000P.O Box 1775 Grant toWarsaw, IN 46581 General Fund

Degage Ministries None 501(c)(3) Unrestricted 5,000144 South Division Grant toGrand Rapids, MI 49503 General Fund

Delaware Valley Children's Charity None 501(c)(3) Unrestricted 5001512 W Chester Pike, Suite 200 Grant toWest Chester, PA 19382 General Fund

Detroit Auto Dealers Association Charity Preview None 501(c)(3) Unrestricted 3,200P O Box 755 Grant toTroy, MI 48099-0755 General Fund

Diocese of Grand Rapids None 501(c)(3) Unrestricted 50,000267 Sheldon Grant toGrand Rapids, MI 49503 General Fund

Down Syndrome Association of West Michigan None 501(c)(3) Unrestricted 2,500PO Box 8804 Grant toGrand Rapids, MI 49518 General Fund

Drug Free America Foundation None 501(c)(3) Unrestricted 10,000P.O Box 11298 Grant toSt Petersburg, FL 33733-1298 General Fund

STATEMENT

- Dick and Betsy DeVos FoundationEIN 38-2902412





Ducks Unlimited Inc. None 501(c)(3) Unrestricted 1,125

Greater Grand Rapids Chapter Grant to

4242 Clay SW General Fund


Dwelling Place of Grand Rapids None 501 (c)(3) Unrestricted 1,000

101 Sheldon Blvd SE, Suite 2 Grant to


Eaton Community Hospice Inc. None 501(c)(3) Unrestricted 500

2675 S Cochran Rd Grant to

Charlotte, MI 48813-8139 General Fund

Education Freedom Fund None 501(c)(3) Unrestricted 305,000

734 North Cochran Avenue Grant to

Charlotte, MI 48813 General Fund

English Language Institute In China None 501(c)(3) Unrestricted 10,000

448 E Foothill Blvd Grant to

San Dimas, CA 91773 General Fund

The Federalist Society for Law & Public Policy Studies None 501(c)(3) Unrestricted 5,000

1015 18th Street NW, Suite 425 Grant to


Festival of the Arts in Grand Rapids None 501(c)(3) Unrestricted 1,000

PO Box 68440 Grant to


Flannel None 501(c)(3) Unrestricted 150,000

25 Ionia, Suite 400 Grant to


Florida School Choice Fund, Inc. None 501(c)(3) Unrestricted 25,000

339 S Plant Ave Grant to

Tampa, FL 33606 General Fund

Food Bank Council of Michigan, Inc. None 501(c)(3) Unrestricted 5,000

501 N Walnut Street Grant to


For the Kids Foundation None 501(c)(3) Unrestricted 2,500

219 Elm St Grant to

Birmingham, MI 48009 General Fund

Foundation for Traditional Values None 501(c)(3) Unrestricted 20,000

P.O Box 80108 Grant to

Lansing, MI 48908-0108 General Fund

Frederick Meijer Gardens and Sculpture Park None 501 (c)(3) Unrestricted 2,500

1000 East Beltline N.E Grant to


Friendship House None 501(c)(3) Unrestricted 1,100

9540 Conant Grant to

Hamtramck, MI 48212 General Fund

STATEMENT

- Dick and Betsy DeVos FoundationEIN 38-2902412




Reci p ient Name and Address to Donor Recipient of Grant Amount

Global Education Foundation None 501 (c)(3) Unrestricted 10,000P.O Box 113222 Grant toPittsburgh, PA 15241-1415 General Fund

Georgia Family Education and Research Council None 501(c)(3) Unrestricted 10,000

5550 Triangle Pkwy Ste 160 Grant toNorcross , GA 30092-6515 General Fund

Gerald R . Ford Foundation None 501(c)(3) Unrestricted 1,000303 Pearl Street NW Grant toGrand Rapids, MI 49504-5353 General Fund

Ghis Choral Academy None 501(c)(3) Unrestricted 1,0002920 Fuller Ave NE, Suite 104 Grant toGrand Rapids, MI 49505 General Fund

Grace Centers of Hope None 501(c)(3) Unrestricted 5,00035 E. Huron St, P.O. Box 420725 Grant toPontiac , MI 48342-0725 General Fund

Grace Reformed Church None 501(c)(3) Unrestricted 5,0003330 Burlingame Ave SW Grant toWyoming, MI 49509 General Fund

Grand Action Foundation None 501(c)(3) Unrestricted 50,000120 Lyon Street NW Grant toGrand Rapids, MI 49503 General Fund

Grand Rapids Adventist Academy None 501(c)(3) Unrestricted 10,0001151 Oakleigh NW Grant toGrand Rapids, MI 49504 General Fund

Grand Rapids Area Chamber of Commerce None 501 (c)(3) Unrestricted 1,000111 Pearl Street NW Grant toGrand Rapids, MI 49502-3395 General Fund

Grand Rapids Art Museum None 501(c)(3) Unrestricted 12,500101 Monroe Center Grant toGrand Rapids, Ml 49503 General Fund

Grand Rapids Ballet Co . None 501(c)(3) Unrestricted 5,000341 Ellsworth Ave SW Grant toGrand Rapids, MI 49503 General Fund

Grand Rapids Children 's Museum None 501(c)(3) Unrestricted 1,00011 Sheldon Avenue NE Grant toGrand Rapids, MI 49503-3218 General Fund

Grand Rapids Christian High School None 501(c)(3) Unrestricted 1,0002300 Plymouth Grant toGrand Rapids, MI 49506 General Fund

Grand Rapids Christian School Association None 501(c)(3) Unrestricted 49,7001812 Sylvan SE Grant to

Giand Rapids, MI 49506 General Fund

STATEMENT






Grand Rapids Civic Theatre, Inc. None 501(c)(3) Unrestricted 5,000

30 N Division Avenue Grant to


Grand Rapids Community College None Govt/ Pub Ed Unrestricted 1,500

143 Bostwick Ave. SE Grant to


Grand Rapids Community Foundation None 501(c)(3) Unrestricted 2,000

185 Oakes SW Grant to


Grand Rapids Griffins Youth Foundation None 501(c)(3) Unrestricted 2,500

130 W. Fulton Grant to


Grand Rapids Opportunities for Women None 501 (c)(3) Unrestricted 1,000

25 Sheldon Blvd SE, Suite 210 Grant to


Grand Rapids Student Advancement Foundation None 501(c)(3) Unrestricted 1,000

111 Library NE Grant to


Grand Rapids Symphony None 501(c)(3) Unrestricted 8,525

300 Ottawa N W Suite 100 Grant to


Grand Valley American Indian Lodge None 501(c)(3) Unrestricted 1,000

215 Straight NW Grant to


Grand Valley State University None Govt/ Pub Ed Unrestricted 105,000

University Development Grant to

301 Michigan St NE, Suite 100 General Fund

Grand Rapids, MI 49503-3314

Grandville Avenue Arts & Humanities, Inc. None 501(c)(3) Unrestricted 2,500

644 Grandville Ave SW Grant to


Gull Lake Ministries None 501(c)(3) Unrestricted 1,000

1988 Midlake Dr Grant to

Hickory Corners, Ml 49060-9338 General Fund

Habitat for Humanity - Lakeshore None 501(c)(3) Unrestricted 5,000

341 West 16th St Grant to


Habitat for Humanity of Michigan None 501(c)(3) Unrestricted 2,500

618 S Creyts Rd , Suite C Grant to


Haggai Institute None 501(c)(3) Unrestricted 500,000

PO Box 13 Grant to

Atlanta, GA 30370 General Fund

STATEMENT






Health Intervention Services None 501 (c)(3) Unrestricted 40,000

15 Andre SE Grant to


Heartside Ministry None 501(c)(3) Unrestricted 1,000

54 South Division Grant to


Helen DeVos Children 's Hospital Foundation None 501(c)(3) Unrestricted 10,550

100 Michigan NE - MC 4 Grant to


Holland Christian Schools None 501 (c)(3) Unrestricted 11,000

956 Ottawa Avenue Grant to


Holland Hospital Foundation None 501(c)(3) Unrestricted 2,500

602 Michigan Grant to


Holland Rescue Mission None 501(c)(3) Unrestricted 500

356 Fairbanks Ave Grant to


Home Repair Services of Kent County Inc. None 501(c)(3) Unrestricted 10,000

1100 S. Division Grant to


Hope College None 501(c)(3) Unrestricted 22,000

141 East 12th Street Grant to

Holland, MI 49423-9988 General Fund

Hope Network Foundation None 501(c)(3) Unrestricted 5,000

755 36th St SE P 0 Box 890 Grant to


Horizon Childrens Home International Inc None 501(c)(3) Unrestricted 10,000

PO Box 180 Grant to

Pendleton, IN 46064-0180 General Fund

Hospice of Holland , Inc. None 501(c)(3) Unrestricted 2,500

270 Hoover Blvd Grant to


Hospice of Michigan in Grand Rapids None 501(c)(3) Unrestricted 3,000

989 Spaulding SE Grant to

Ada, MI 49301 General Fund

Hugh Michael Beahan Foundation None 501(c)(3) Unrestricted 5,000

302 Sheldon Blvd S.E Grant to


Indian River Hospital Foundation , Inc. None 501(c)(3) Unrestricted 11,000

1000 36th St Grant to

Vero Beach, FL 32960 General Fund

STATEMENT





Reci pient Name and Address to Donor Recipient of Grant Amount

Indian Trails Camp None 501(c)(3) Unrestricted 1,000

P O. Box 97 Grant toGrandville, MI 49468-0097 General Fund

Innovation Network for Communities None 501(c)(3) Unrestricted 100,000

600 Antoinette Grant toDetroit, MI 48202 General Fund

Institute for Economic Empowerment of Women None 501 (c)(3) Unrestricted 200,000

2709 W. 1-44 Service Road Grant toOklahoma City, OK 73112 General Fund

Institute For Justice None 501(c)(3) Unrestricted 5,000

901 N Gleve Rd Grant toArlington, VA 22203 General Fund

Institute for Marriage and Public Policy None 501(c)(3) Unrestricted 25,000

P O Box 1231 Grant toManassas, VA 20108 General Fund

International Aid, Inc. None 501 (c)(3) Unrestricted 250,000

17011 W Hickory Grant toSpring Lake, Ml 49456 General Fund

International Institute Foundation None 501 (c)(3) Unrestricted 5,000

111 E Kirby St Grant to

Detioit, MI 48202-4003 General Fund

The International Justice Mission None 501(c)(3) Unrestricted 50,000


Washington, DC 20037-8147 General Fund

Interserve USA None 501(c)(3) Unrestricted 10,000

P.O, Box 418, 7000 Ludlow St Grant to

Upper Darby, PA 19082-0418 General Fund

The Jewish Hospice and Chaplaincy Network None 501(c)(3) Unrestricted 20,000

6555 W Maple Road Grant to

West Bloomfield, MI 48322 General Fund

John F. Kennedy Center for the Performing Arts None 501(c)(3) Unrestricted 257,180


Arlington, VA 22210 General Fund

Jones-Johnson Family Ministry Foundation None 501(c)(3) Unrestricted 10,000

5270 Northland Dr NE, Suite B Grant to


Jubilee Jobs, Inc. None 501(c)(3) Unrestricted 5,000

935 Baxter SE Grant to


Junior Achievement of the Michigan Great Lakes, Inc. None 501(c)(3) Unrestricted 1,000

2650 East Beltline SE, Suite B Grant to


STATEMENT





Reci p ient Name and Address to Donor Recip ient of Grant Amount

Juvenile Diabetes Research Foundation -West Michigan None 501(c)(3) Unrestricted 5,0005075 Cascade Rd SE Suite F Grant toGrand Rapids, MI 49546 General Fund

Kent Count Parks Foundation None 501(c)(3) Unrestricted 2,500P O Box 230165 Grant toGrand Rapids , MI 49523 General Fund

Kentwood Foundation None 501(c)(3) Unrestricted 25,0001663 Sutherland Dr. Grant toKentwood, MI 49508 General Fund

Kids Hope USA None 501(c)(3) Unrestricted 139,000100 South Pine, Suite 280 Grant toZeeland , MI 49464 General Fund

LaGrave Avenue Christian Reformed Church None 501(c)(3) Unrestricted 13,500107 LaGrave Avenue SE Grant toGrand Rapids, MI 49503 General Fund

Lenawee Christian School None 501(c)(3) Unrestricted 10,000111 Wolf Creek Highway Grant toAdrian, MI 49221 General Fund

Library of Congress None 501 (c)(3) Unrestricted 250,000101 Independence Avenue, SE Grant toWashington, DC 20540-1000 General Fund

Literacy Center of West Michigan None 501 (c)(3) Unrestricted 5,5001120 Monroe Ave NW, Suite 240 Grant toGrand Rapids, MI 49503 General Fund

Mackinac Center for Public Policy None 501(c)(3) Unrestricted 10,000140 West Main Street P.O. Box 568 Grant toMidland, MI 48640 General Fund

Mars Hill Bible Church None 501(c)(3) Unrestricted 470,0003501 Fairlanes Ave SW Grant toGrandville, Ml 49418 General Fund

Martin Luther King, Jr . High School None 501(c)(3) Unrestricted 10,0003200 Lafayette St Grant toDetroit, MI 48207 General Fund

McKee Botanical Garden Inc . None 501(c)(3) Unrestricted 1,000350 US Highway 1 Grant toVero Beach, FL 32962 General Fund

Mel Trotter Ministries None 501(c)(3) Unrestricted 10,000225 Commerce Ave SW Grant toGrand Rapids, MI 49503 General Fund

Michigan Colleges Foundation None 501(c)(3) Unrestricted 1,000West Michigan Office660 Cascade West Parkway SE, Suite 30 Grant toGrand Rapids, MI 49546 General Fund

STATEMENT





Recipient Name and Address to Donor Reci p ient of Grant Amount

Michigan Family Forum None 501(c)(3) Unrestricted 1,000PO Box 15216 Grant toLansing, MI 48901-5216 General Fund

Michigan Gambling Opposition Education Fund None 501(c)(3) Unrestricted 50,000P.O. Box 230197 Grant toGrand Rapids, MI 49523 General Fund

Michigan State University None Govt/ Pub Ed Unrestricted 9,360College of Human Medicine Grant to234 Division North Suite 400 General FundGrand Rapids,Ml 49503

Michigan State University - Michigan Political Leadership Program None Govt/ Pub Ed Unrestricted 2,250321 Berkey Hall Grant toEast Lansing, MI 48824-1111 General Fund

Michigan United Conservation Clubs None 501(c)(3) Unrestricted 25,0002101 Wood St. Grant toP 0 Box 30235 General FundLansing, MI 48909

Mission Aviation Fellowship None 501(c)(3) Unrestricted 1,000PO Box 47 Grant toNampa, ID 83653-0047 General Fund

Museum of Contemporary Art Detroit None 501 (c)(3) Unrestricted 1,0004454 Woodward Ave Grant toDetroit, MI 48201 General Fund

National Day of Prayer Task Force None 501(c)(3) Unrestricted 5,000P.O Box 15616 Grant toColorado Springs, CO 80935-5616 General Fund

National Relief Network , Inc. None 501(c)(3) Unrestricted 1,000PO Box 125 Grant toGreenville, MI 48838 General Fund

Neighborhood Ventures None 501(c)(3) Unrestricted 500949 Wealthy Street, Suite 200 Grant toGrand Rapids, Ml 49506 General Fund

Noorthoek Academy None 501(c)(3) Unrestricted 400PO Box 6241 Grant toGrand Rapids, MI 49516 General Fund

North Hills Classical Academy None 501(c)(3) Unrestricted 2,0002777 Knapp NE Grant toGrand Rapids, MI 49525 General Fund

Northern Michigan Regional Foundation None 501(c)(3) Unrestricted 1,000360 Connable Ave Grant toPetoskey, MI 49440 General Fund

Opera Grand Rapids None 501(c)(3) Unrestricted 5,000161 Ottawa Avenue NW, Ste 204 Grant toGrand Rapids, MI 49503 General Fund

STATEMENT





Recipient Name and Address to Donor Reci p ient of Grant Amount

Orlando Magic Youth Foundation None 501(c)(3) Unrestricted 10,0008701 Maitland Summit Blvd. Grant toOrlando, FL 32810 General Fund

Paidia International Development None 501(c)(3) Unrestricted 500PO Box 3007 Grant toPensacola, FL 32516 General Fund

Partners Worldwide None 501(c)(3) Unrestricted 10,0006139 Tahoe Dr SE Grant toGrand Rapids, Ml 49546 General Fund

Peace and Prosperity Foundation None 501(c)(3) Unrestricted 5,000One Michigan Avenue Building Grant to120 N Washington Square, Suite 805 General FundLansing, Ml 48933

The Philanthropy Roundtable None 501(c)(3) Unrestricted 5,0001150 17th Street NW, Ste 503 Grant toWashington, DC 20036 General Fund

The Potter's House None 501(c)(3) Unrestricted 200,000810 Van Raalte SW Grant toGrand Rapids, MI 49509 General Fund

Pregnancy Resource Center None 501(c)(3) Unrestricted 20,000415 Cherry SE Grant toGrand Rapids, MI 49503 General Fund

Princeton University None 501(c)(3) Unrestricted 50,000330 Alexander Street, 4th Floor Grant toPrinceton, NJ 08540 General Fund

Prison Fellowship Ministries None 501(c)(3) Unrestricted 25,00044180 Riverside Parkway Grant toLansdowne, VA 20176 General Fund

Project Rwanda None 501(c)(3) Unrestricted 65,000209 La Mesa Dr Grant toSalinas, CA 93901 General Fund

Public Museum of Grand Rapids None 501(c)(3) Unrestricted 250,000272 Pearl St NW Grant toGrand Rapids, MI 49504-5371 General Fund

Rehoboth Christian School None 501(c)(3) Unrestricted 50,000PO Box 41 Grant toRetioboth, NM 87322-0041 General Fund

Right to Life of Michigan Educational Foundation None 501(c)(3) Unrestricted 26,0002340 Porter Street SW Grant toGrand Rapids, Ml 49509-0901 General Fund

Roosevelt Park Ministries, Inc. None 501(c)(3) Unrestricted 1,000153.0 Grandville Ave SW Grant toGraind Rapids, Ml 49503 General Fund

STATEMENT

. .r .




Foundation

Relationship Status of Purpose

Recip ient Name and Address to Donor Recipient of Grant Amount

Safe Haven Ministries3501 Lake Eastbrook Suite 335Grand Rapids, MI 49546

The Salvation Army - Grand Rapids1215 East Fulton StreetGrand Rapids, MI 49503-3891

Sapling Foundation144 Duane St Apt 2New York, NY 10013

School Choice Wisconsin, Inc.2025 North Summit Ave , Suite 103Milwaukee, WI 53202

Senior Neighbors, Inc.820 Monroe NW, Ste 460Grand Rapids, MI 49503

Sons of Italy Foundation219 E Street NEWashington, DC 20002

Spring Hill InitiativesP.O. Box 100, 7717 95th AveEvart, MI 49631

St. Cecilia Music Society24 Ransom NEGrand Rapids, Ml 49503

Stephen 's Children Foundation1330 Old WoodbineAtlanta, GA 30319

Stockbridge Boiler Room717 Davis Ave NWGrand Rapids,Ml 49504

Sweet Dreamzzz, Inc.PO Box 608Farmington, MI 483362

Teen Challenge of Western Michigan440 West PontalunaMuskegon, MI 49444

Thunderbird School of Global Management15249 N 59th AveGlendale, AZ 85306

United States Holocaust Memorial MuseumP.O. Box 97349Washington, DC 20090-7349

None 501(c)(3) Unrestricted 1,000Grant toGeneral Fund









None 501(c)(3) Unrestricted 15,000

Grant toGeneral Fund

None 501(c)(3) Unrestricted 1,000

Grant toGeneral Fund


None 501(c)(3) Unrestricted 1,000,000Grant toGeneral Fund


STATEMENT

.






United Way - Heart of West Michigan None 501(c)(3) Unrestricted 36,300118 Commerce SW, Suite 100 Grant toGrand Rapids , MI 49503 General Fund

United Way of Indian River County , Inc. None 501 ( c)(3) Unrestricted 2,0001836 14th Ave Grant toVero Beach , FL 32960 General Fund

University of Michigan None Govt/Pub Ed Unrestricted 15,000U-M Depression Center Grant toRachel Upjohn Building General Fund4250 Plymouth Rd.Ann Arbor , MI 48109-5763

University of North Carolina at Chapel Hill None Govt/Pub Ed Unrestricted 20,000103 South Building Grant toCampus Box 6105 General FundChapel Hill, NC 27599-6105

Urban Institute for Contemporary Arts None 501 (c)(3) Unrestricted 2,50041 Sheldon Blvd SE Grant toGrand Rapids, MI 49503 General Fund

Urban Land Institute None 501(c)(3 ) Unrestricted 5,0001025 Thomas Jefferson St NW Grant toWashington , DC 20007-5201 General Fund

Van Andel Institute None 501(c)(3) Unrestricted 136,000333 Bostwick NE Grant toGrand Rapids , MI 49503 General Fund

Wayne County Community College District None Govt/Pub Ed Unrestricted 1,000801 W Fort St Grant to

Detroit, MI 48226 General Fund

Wedgwood Christian Services None 501(c)(3 ) Unrestricted 5,000PO Box 88007 Grant toGrand Rapids, MI 49518 -0007 General Fund

West Michigan Center for Arts & Technology None 501 ( c)(3) Unrestricted 5,00098 E Fulton Suite 202 Grant toGrand Rapids , MI 49503 General Fund

West Michigan Sports Commission None 501(c)(3 ) Unrestricted 1,000171 Monroe Ave NW, Suite 700 Grant toGrand Rapids , MI 49503 General Fund

Willow Creek Association None 501(c )( 3) Unrestricted 500,00067 East Algonquin Road Grant toSouth Barrington , IL 60010 -6143 General Fund

Winning at Home, Inc. None 501(c)(3) Unrestricted 1,000P O Box 1743 Grant to

Holland , MI 49422 General Fund

Young Life - National Office None 501(c)(3) Unrestricted 10,000

P 0 Box 520 Grant to

Colorado Springs , CO 80901 General Fund

STATEMENT




Reci p ient Name and AddressRelationship

to Donor

FoundationStatus ofRecipient

Purposeof Grant Amount

Young Life Greater Grand Rapids None 501(c)(3) Unrestricted 5,0005989 Tahoe Dr SE Suite 240 Grant toGrand Rapids, Ml 49546 General Fund

Zeta Tau Alpha Foundation Inc. None 501 (c)(3) Unrestricted 400120 North St. Grant toChapel Hill, NC 27514 General Fund

Total 7,415,790

STATEMENT

CONTINUATION FOR 990-PF, PART IV

DICK AND BETSY DEVOS FOUNDATION 38-2902412 PAGE 2 OF 2art Capital Gains and Losses for Tax on investment Income

(a) List and descnbe the kind ( s) of property sold, e.g , real estate ,2-story brick warehouse ; or common stock, 200 shs MLC Co.

ow acquire- Purchase

D - Donation

( c) Date acquired(mo, day, yr.)

(d) Date sold(mo., day, yr.)

la INTERNATIONAL PRIVATE EQUITY PARTNERS III LP K-1 P VARIOUS VARIOUSb INTERNATIONAL PRIVATE EQUITY PARTNERS III LP K-1 P VARIOUS VARIOUSc COMMONFUND CAPITAL INTERNATIONAL PARTNERS IV LP P VARIOUS VARIOUSd COMMONFUND CAPITAL INTERNATIONAL PARTNERS IV LP P VARIOUS VARIOUSe COMMONFUND CAPITAL INTERNATIONAL PARTNERS IV LP P VARIOUS VARIOUSf COMMONFUND CAPITAL INTERNATIONAL PARTNERS IV LP P VARIOUS VARIOUSg EBB GROUP INVESTORS LLC K-1 SHORT TERM P VARIOUS VARIOUSh EBB GROUP INVESTORS LLC K-1 LONG TERM P VARIOUS VARIOUSKCC TW INVESTORS LLC K-1 SHORT TERM P VARIOUS VARIOUSKCC TW INVESTORS LLC K- LONG TERM P VARIOUS VARIOUS

k K12 INC D VARIOUS VARIOUS

m

n

0

(e) Gross sales price ( f) Depreciation allowed(or allowable)

( g) Cost or other basisplus expense of sale

(h) Gain or (loss)(e) plus (f) minus (g)

a 131,484.b 1,225.c 8,869.d 49,769.e -61.t -92.g -29.In -1,413.

-725.-956.

k 9,547,596. 2,589,151. 6,958,445.

m

n0

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Losses ( from col. (h))

(I) F M.V as of 12/31/69(j) Adjusted basisas of 12/31/69

( k) Excess of col ()over col ( 1), it any

Gains ( excess of col (h) gain over col (k),but not less than "-0-')

a 131,484.b 1,225.c 8,869.d 49,769.e -61.f -92.g -29.h -1,413.

-725.-956.

k 6,958,445.1

m

n

0

)1, l i ne

If (If

( los s ) ,,alsoenter'

enter-0'

i ninPartPar

tt I, line

772 Capital g ain net income or ( net cap ital loss 1 }

2 ,874 ,906.

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)If (loss), enter *- 0-" in Part I, line 8 3 N/A

82359104-25-08


CONTINUATION FOR 990-PF, PART IVDICK AND BETSY DEVOS FOUNDATION 38-2902412 PAGE 1 OF 2

art 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.

ow acquirePurchase

D Donation

( c) Date acquired( mo., day, yr.)

(d) Date sold(mo ,day, yr )

la FIBERBOARD GROUP LLC K- SHORT TERM P VARIOUS VARIOUSb FIBERBOARD GROUP LLC K- LONG TERM P VARIOUS VARIOUSc FREEDOM ASSET MANAGEMENT LP K- 1 SHORT TERM P VARIOUS VARIOUSd FREEDOM ASSET MANAGEMENT LP K- 1 LONG TERM P VARIOUS VARIOUSe FREEDOM ASSET MANAGEMENT LP K-1 SEC 1256 P 'VARIOUS VARIOUSf FREEDOM AS SET MANAGEMENT LP K-1 SEC 1256 P VARIOUS VARIOUSg LOEB ARBITRAGE FUND K-1 SEC 1256 P VARIOUS VARIOUSh LOEB ARBITRAGE FUND K-1 SEC 1256 P VARIOUS VARIOUSi LOEB ARBITRAGE FUND K-1 SHORT TERM P VARIOUS VARIOUSLOEB ARBITRAGE FUND K- LONG TERM P VARIOUS VARIOUS

k FREEDOM CAPITAL MANAGEMENT LP K-1 SHORT TERM P VARIOUS VARIOUSI FREEDOM CAPITAL MANAGEMENT LP K-1 LONG TERM P VARIOUS VjRIOUSm INTERNATIONAL PRIVATE EQUITY PARTNERS LP K-1 LONG P VARIOUS VARIOUSn INTERNATIONAL PRIVATE EQUITY PARTNERS II LP K-1 P VARIOUS VARIOUSo INTERNATIONAL PRIVATE EQUITY PARTNERS II LP K-1 S P VARIOUS VARIOUS

(e) Gross sales price ( f) Depreciation allowed(or allowable)

( g) Cost or other basisplus expense of sale

(h) Gain or (loss)( e) plus ( t) minus (g)

a 2•b -26.c -227,738.d 16,047.e 2,679.f 4,018.g -40,768.h -61,151.

-664,085.-35 0,968.

k 7,467.

1 -59,329.m 4,535.n 92,271.

0 5,436.Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31 /69 (I) Losses (from col (h))

(i) F M V as of 12/31/69(j) Adjusted basisas of 12/31/69

(k) Excess of col. (i)over col (p, If any

Gains ( excess of col. (h) gain over col (k),but not less than "-0-')

a 2•

b -26.c -227,738.d 16,047.e 2,679.f 4,018.g -40,768.h -61,151.

-664,085.-350,968.

k 7,467.1 -59,329.m 4,535.n 92,271.0 5,436.

2 Capital gain net income or (net capital loss)gain, also enter in Part I, line 7

}) If (loss ), enter '- 0= in Part I, line 72

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)It (loss), enter "-0 = in Part I, line 8 3

82359104-25-08

17


m 8868 ( Rev. 4 -2009) Page 2

If you are filing for an Additional ( Not Automatic ) 3-Month Extension , complete only Part 11 and check this box ►

f Note . Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868.

• If you are filing for an Automatic 3- Month Extension , complete only Part f (on page 1).

Pah II Additional (Not Automatic ) 3-Month Extension of Time. Only file the - original (no copies needed).

Type orName of Exempt Organization Employer Identification number

printD ICK AND BETSY DEVOS FOUNDATION 38-2902412

File by theextended Number , street , and room or suite no . If a P.O box, see instructions For IRS use onlyduedete 'o< 126 OTTAWA AVENUE NW, SUITE 500filing the

return see City , town or post office , state, and ZIP code. For a foreign address , see instructions.instructions RAND RAPIDS, MI 49503Check type of return to be filed ( File a separate application for each return)

Q Form 990 Q Form 990-EZ Form 990 T (sec 401 (a) or 408(a) trust ) Form 1041 A LI Form 5227 0 Form 8870

Q Form 990-BL ® Form 990 PF LI Form 990 T (trust other than above) Form 4720 LI Form 6069

STOP! Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868.

ROBERT H. SCHIERBEEK

• The books are in the care of ► 126 OTTAWA NW, SUITE 500 - GRAND RAPIDS, MI 4 9 5 0 3

(616) 643-4700 FAX• If the organization does not have an office or place of business in the United States, check this box - -. ► 0• If this is for a Group Return , enter the organization 's four digit Group Exemption Number (GEN) . If this Is for the whole group , check this

box ► 0. If it is for part of the group , check this box ►0 and attach a list with the names and EINs of all members the extension Is for.

4 I request an additional 3 -month extension of time until NOVEMBER 16, 2009 .

5 For calendar year 2 0 0 8 , or other tax year beginning , and ending

6 If this tax year is for less than 12 months, check reason Initial return Final return Change in accounting period

7 State in detail why you need the extension

ALL THE INFORMATION NECESSARY TO FILE A COMPLETE AND ACCURATE RETURN ISNOT AVAILABLE AT THIS TIME.

8a If this application is for Form 990-BL, 990-PF, 990T, 4720, or 6069, enter the tentative tax, less any

nonrefundable credits. See instructions. 219,022.b If this application Is for Form 990-PF, 990 T, 4720, or 6069, enter any refundable credits and estimated

tax payments made. Include any prior year overpayment allowed as a credit and any amount paid

orevlousiv with Form B868 . 8b $ 219,022.

c Balance Due . Subtract line 8b from line 8a Include your payment with this form, or, if required, deposit

with FTD coupon or, if required , by using EFTPS (Electronic Federal Tax Payment System) See In structions 8c $ 0.

Signature and VerificationUnder penalties of p I lare that I eveJ^ ed t to , including accompanying schedules and statements , and to the best of my knowledge and belief,it is true, correct,

W,61-

te,

/^ ,f

e p are this farm. 3 p

Signature ► Title ► (Y^ (^ 6 U f(2r Date ►Form 8868 (Rev. 4.2009)

02383205-26-09


Form8868 I Application for Extension of Time To File an(Rev April 2009) I Exempt Organization Return OMB No 1545-1709

Department of the Treasuryintern al Revenue Semce ► File a separate application for each return.

• If you are filing for an Automatic 3- Month Extension , complete only Part I and check this box ►• If you are filing for an Additional (Not Automatic ) 3-Month Extension, complete only Part II (on page 2 of this form)

Do not complete Part II unless you have already been granted an automatic 3-month extension on a previously filed Form 8868

Part i Automatic 3-Month Extension of Time. Only submit original (no copies needed).

A corporation required to file Form 990-T and requesting an automatic 6-month extension - check this box and complete

Part I only - ►

All other corporations (including 1120-C filers), partnerships, REMICs, and trusts must use Form 7004 to request an extension of time

to file income tax returns

Electronic Filing (e-file). Generally, you can electronically file Form 8868 if you want a 3-month automatic extension of time to file one of the returns

noted below (6 months for a corporation required to file Form 990-T). However, you cannot file Form 8868 electronically if (1) you want the additional

(not automatic) 3-month extension or (2) you file Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidated Form 990-T. Instead,

you must submit the fully completed and signed page 2 (Part II) of Form 8868. For more details on the electronic filing of this form, visit

www.irs.govlefife and click on a-file for Charities & Nonprofits

Type or Name of Exempt Organization Employer identification number

print

DICK AND BETSY DEVOS FOUNDATION 38-2902412File by thedue date for Number, street , and room or suite no. If a P.O box, see instructionstiling your 126 OTTAWA AVENUE NW, SUITE 500return Seeinstructions City, town or post office, state , and ZIP code. For a foreign address, see instructions.

GRAND RAPIDS, MI 49503

Check type of return to be filed ( file a separate application for each return).

Form 990 0 Form 990 T (corporation) LI Form 4720

Q Form 990-BL LI Form 990 T (sec. 401(a) or 408(a) trust) 0 Form 5227

Q Form 990 EZ Form 990-T (trust other than above) 0 Form 6069

0 Form 990-PF Form 1041-A 0 Form 8870

ROBERT H. SCHIERBEEK• The books are in the care of ► 126 OTTAWA NW, SUITE 500 - GRAND RAPIDS, MI 4 9 5 0 3

(616 ) 643-4700 FAX• If the organization does not have an office or place of business in the United States , check this box ► 0• If this is for a Group Return, enter the organization 's four digit Group Exemption Number (GEN) . If this Is for the whole group , check this

box ► LI If it is for part of the group , check this box ►= and attach a list with the names and EINs of all members the extension will cover

I request an automatic 3-month (6-months for a corporation required to file Form 990 -T) extension of time until

AUGUST 17, 2009 , to file the exempt organization return for the organization named above The extension

is for the organization ' s return for.

► E% calendar year 2 0 0 8 or

►Q tax year beginning and ending

2 If this tax year is for less than 12 months, check reason LI Initial return LI Final return LI Change in accounting period

3a If this application is for Form 990 -BL, 990-PF, 990-T, 4720, or 6069 , enter the tentative tax, less any

nonrefundable credits. See instructions. 219,022.If this application Is for Form 990-PF or 990-T, enter any refundable credits and estimated

tax oavments made. Include any orlo r year overoavment allowed as a credit. 3b $ 184,022.

c Balance Due. Subtract line 3b from line 3a. Include your payment with this form, or, if required,

deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System).

See Instructions. 35.000.

Caution . If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO for payment instructions.

LHA For Privacy Act and Paperwork Reduction Act Notice , see Instructions . Form 8868 (Rev. 4-2009)

12383103-11-09

24 P14460514 137752 38-2902412 2008.03020 DICK AND BETSY DEVOS FOUNDA 38-29023

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