YWCA West Central Michigan

“The ywca holds funds in escrow for consumers who are residents of the transitional supportive housing programs funded by certain grant sources, as allowed. These funds are collected from consumers through their payment of monthly rent obligations. Consumers may access these funds, up to $500, for use in establishing independence as they transition out of the housing program and into independent housing. These funds may also be used to pay for any damage fees assessed on the consumers subsidized apartment for which they are responsible. Any rent incurred above $500 is transferred as it is collected to the ywca as program support revenue for the housing program for which the consumer is a participant. The ywca also holds certain security deposit funds in escrow for organizations who have entered into long-term lease arrangements for office space within the ywca building. These funds are returned to tenants at the conclusion of the lease arrangement, less deductions for rent and fees as appropriate.”

“The carolyn putnam endowment fund was established in a trust indenture dated september 23, 1916. The stated purpose of these funds is described as being "for the support and maintenance of a school for the training of young women in domestic economy, including all branches of domestic housewifery and branches of instruction pertaining to the home life and the family, with such other courses of instruction consistent with the main purpose above stated, as shall, from time to time, be determined by the board of trustees of said young women's association." the corpus of this fund is restricted and may not be expended, while the appreciation on said fund may be expended for uses and purposes for which the endowment was established. The unrestricted portions of this endowment that are expended are currently used for programs associated with home and family life, a purpose that was deemed qualified within the broad intent of the original donor through a legal opinion dated august 13, 1996. The ywca women and girls development fund in honor of judy lloyd, as held and managed by the grand rapids community foundation was established december 21, 2005. The funds stated intended purpose is that it shall be for support of the charitable or educational purposes of the ywca, its successors and assigns and its affiliated agencies. The first nellie stevens trust, as held and managed by fifth third bank, was established as the result of a trust agreement dated may 31, 1928 for the stated intended purpose of supporting the general purposes of the ywca. The second nellie stevens trust, as held and managed by fifth third bank, was established as the result of a last will and testament dated december 12, 1931 which established the intent of said funds to be used for the general purposes of the ywca. The alexander dodds trust, held and managed by fifth third bank, was established as the result of a last will and testament dated december 12, 1924 for the stated intended purpose of assisting needy persons. The william h. Gilbert trust, held and managed by fifth third bank, was established as the result of a last will and testament dated december 1, 1933 for the stated intended purpose of supporting the general purposes of the ywca. The ywca embarked on a capital campaign in 2013, and a portion of the funds raised were earmarked for endowment assets to increase the sustainability of the ywca. The corpus of this fund is restricted and may not be expended, while the appreciation may be used to fund future ywca operations. The ywca's long-tenured ceo retired in march 2017. Contributions in her honor were solicited and received as earmarked for endowment assets to increase the sustainability of the ywca. The corpus of this fund is restricted and may not be expended, while the appreciation may be used to fund future ywca operations. The helen claytor fund was established in 2017 through the solicitation and receipt of contributions earmarked for special activities that support the prevention and empowerment services of the ywca. In 2018, donors authorized their gifts to be transferred into the ywca helen claytor endowment fund. The corpus of this fund is restricted and may not be expended, while the aprreciation on said fund may be expended for uses and purposes for which the endowment was established.”

“Change in beneficial interests 17,424. Related organization revenue 123,349. Grant from related organization -24,691. Reimbursed expenses from related organization -85,000.”

“Related organization expense 363,765.”

“Grant from related organization 24,691. Reimbursed expenses from related organization 85,000.”