EIN 38-1374230

Hillsdale College

IRS 501(c) type
501(c)(3)
Num. employees
2,263
City
Hillsdale
Year formed
1844
Most recent tax filings
2023-06-01
Description
Hillsdale College is an independent, coeducational, residential, liberal arts college with a student body of about 1,400. Its four-year curriculum leads to the bachelor of arts or bachelor of science degree.
Total revenues
$320,784,822
2023
Total expenses
$248,527,191
2023
Total assets
$1,871,625,743
2023
Num. employees
2,263
2023

Program areas at Hillsdale College

Student instruction Hillsdale College maintains its defense of the classical liberal arts curriculum, convinced that it is the best preparation for meeting the challenges of modern life and that it offers to all people of all backgrounds not only an important body of knowledge, but also timeless truths about the human condition. The liberal arts are dedicated to stimulating students' intellectual curiosity, to encouraging the critical, well-disciplined mind, and to fostering personal growth through academic challenge. As such, the College maintains a rigorous core curriculum of 50 academic credits, including required courses in western and american history, the great books, the u.s. constitution, logic and rhetoric, philosophy, theology, mathematics, the arts and sciences, and more. In addition to the core curriculum, students choose from 30 majors and seven interdisciplinary majors. Seven minors-only programs and nine pre-professional programs are also offered. The four-year undergraduate course of study culminates in a bachelor of arts or bachelor of science degree. Hillsdale College is consistently ranked high on lists of the best liberal arts colleges in the nation by such publications as u.s. news & world report, the princeton review, forbes, and kiplinger's personal finance. In addition to its undergraduate program of instruction, the College operates the van andel graduate school of statesmanship on campus, offering master's and doctoral degrees in politics; the steve & amy van andel graduate school of government in Washington, d.c., offering a master of arts degree in government; and the diana davis spence graduate school of classical education offering a masters of arts degree in classical education. The College is committed to the excellence of its students in both intellect and character. This commitment is reflected in the student honor code, which reads, "a Hillsdale College student is honorable in conduct, honest in word and deed, dutiful in study and service, and respectful of the rights of others. Through education the student rises to self-government." Hillsdale boasts a student-faculty ratio of 9 to 1. It has 157 full-time faculty, 90 percent of whom hold the highest degree in their disciplines.
Student services Hillsdale's student services include the admissions office, career services, academic services, student affairs, and health and wellness services. The admissions office receives an increasing number and higher caliber of applications each year, leading to a selective acceptance rate of 20 percent for the most recent academic year. The office emphasizes a holistic approach to application reviews and conducts personal interviews with most applicants. The career services office helps students develop their strengths and introduces them to opportunities through mentoring, network-building, job fairs, and other programs. The College has a 98 percent five-year graduate placement average. A survey of the 2022 graduating class showed that 73 percent were employed, 25 percent in continuing education and graduate programs, and 2 percent in military and volunteer service. Hillsdale's student affairs department oversees a number of student interest groups, academic honoraries, volunteer organizations, and the College's four fraternities and three sororities. Health and wellness services provides medical and mental health services to students, faculty, and staff.
Student scholarships and grants Hillsdale College has been committed to independence since its founding in 1844. When a 1984 u.s. supreme court ruling threatened Hillsdale with the entire range of federal regulations because some of its students received federal financial aid, the College resolved that not a single Hillsdale student would accept even one cent of federal grants, loans, or scholarships. Instead, Hillsdale established the privately funded student independence scholarship and loan fund in place of taxpayer-funded aid for deserving students who seek the kind of classical liberal arts education offered at Hillsdale. Since the student independence scholarship and loan fund was established in 1985, Hillsdale has replaced federal and state grants and loans with over $143 million in private awards. The annual cost of replacing government aid was over $6.5 million in the 2022-2023 academic year; this total assisted 488 students. In addition, the College awarded approximately $30 million in private scholarships that year on the basis of financial need, academic merit, campus leadership, athletic and music participation, and other qualifications. Approximately 98 percent of Hillsdale students qualify for and receive some form of institutional aid.
These additional program service expenses include, but are not limited to, auxiliary services (bookstore, residential, dining) and plan and maintenance of campus grounds and buildings.

Grants made by Hillsdale College

GranteeGrant descriptionAmount
Csu Fullerton Auxiliary Services (CSUFASC)Templeton Grant$134,202
Yale UniversityTempleton Grant$132,772
University of PittsburghTempleton Grant$129,375
...and 4 more grants made

Who funds Hillsdale College

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Charles O Lee JR and Louise K Lee Charitable FoundationTo Teach Investment Analysis & MGMT., Economics and for Student Scholarships.$29,306,601
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$3,906,648
Schwab Charitable FundEducation$3,180,896
...and 947 more grants received totalling $72,518,760

Personnel at Hillsdale College

NameTitleCompensation
Patrick H. FlanneryTreasurer$217,122
Bill GrayVice President of Marketing$275,869
Richard P PeweVice President of Administration Affairs and Secretary$270,090
Doug BanburyVice President for Admissions and Business Development$250,333
John CerviniVice President for Inst Advancement / Vice President for Institutional Advancement$519,675
...and 7 more key personnel

Financials for Hillsdale College

RevenuesFYE 06/2023
Total grants, contributions, etc.$253,577,837
Program services$68,416,955
Investment income and dividends$9,833,581
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-17,220,087
Net income from fundraising events$0
Net income from gaming activities$76,084
Net income from sales of inventory$-4,320,155
Miscellaneous revenues$10,420,607
Total revenues$320,784,822

Form 990s for Hillsdale College

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-12990View PDF
2021-062022-07-19990View PDF
2020-062021-05-25990View PDF
2019-062020-11-02990View PDF
...and 9 more Form 990s

Organizations like Hillsdale College

OrganizationLocationRevenue
Abilene Christian University (ACU)Abilene, TX$314,810,886
Taylor UniversityUpland, IN$130,385,822
Wheaton CollegeWheaton, IL$181,635,763
Berea CollegeBerea, KY$157,457,303
Indiana Wesleyan University (IWU)Marion, IN$197,828,333
Northwestern Media (UNWSP)Saint Paul, MN$124,259,575
Williams CollegeWilliamstown, MA$424,095,865
Albion CollegeAlbion, MI$103,855,372
Macalester CollegeSaint Paul, MN$186,433,740
New York Medical College (NYMC)Valhalla, NY$117,885,144
Data update history
September 21, 2024
Updated personnel
Identified 6 new personnel
August 26, 2024
Received grants
Identified 310 new grant, including a grant for $29,306,601 from Charles O Lee JR and Louise K Lee Charitable Foundation
July 25, 2024
Updated personnel
Identified 3 new personnel
July 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 11, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsSchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
ChristianReligiousOperates donor advised fundsOperates internationallyState / local levelEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
33 E College St
Hillsdale, MI 49242
County
Hillsdale County, MI
Website URL
hillsdale.edu/ 
Phone
(517) 437-7341
Facebook page
hillsdalecollegemichigan 
Twitter profile
@hillsdale 
IRS details
EIN
38-1374230
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1844
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
None yet
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-10-16
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