2022-04-14T13:28:36-05:00 2021-05-31 910189318 MOSS ADAMS LLP PO BOX 22650 YAKIMA WA 989072650 990 2020-06-01 910565571 PACIFIC LUTHERAN UNIVERSITY PACI 2535357119 12180 PARK AVE S TACOMA WA 98447 PATRICK GEHRING TREASURER 2535357119 2022-04-13 1 PATRICK GEHRING 999009999 COLLEEN RAMIRES P01251320 5092487750 2022-04-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z NA ALLAN BELTON 12180 PARK AVE S TACOMA WA 98447 181428968 0 X WWW.PLU.EDU X 1920 WA PACIFIC LUTHERAN UNIVERSITY PURPOSEFULLY INTEGRATES THE LIBERAL ARTS, PROFESSIONAL STUDIES AND CIVIC ENGAGEMENT THROUGH DISTINCTIVE INTERNATIONAL PROGRAMS AND FACULTY MENTORED RESEARCH OPPORTUNITIES. 31 30 2178 389 151046 0 13425961 20692202 140021820 132799971 3651444 6239139 801613 -171508 157900838 159559804 64397831 63825581 0 0 61495000 55190045 0 0 2533085 31127866 27254583 157020697 146270209 880141 13289595 250118186 290983706 89466505 93327651 160651681 197656055 X PLU SEEKS TO EDUCATE STUDENTS FOR LIVES OF THOUGHTFUL INQUIRY, SERVICE, LEADERSHIP AND CARE - FOR OTHER PEOPLE, FOR THE COMMUNITY AND FOR THE EARTH. 0 0 91199497 63825582 122289556 ACADEMIC INSTRUCTION: PLU OFFERS 38 MAJORS AND 59 MINORS, AS WELL AS GRADUATE AND PROFESSIONAL PROGRAMS IN BUSINESS (FINANCE, MARKETING ANALYTICS, AND BUSINESS ADMINISTRATION), CREATIVE WRITING, EDUCATION, MARRIAGE AND FAMILY THERAPY, KINESIOLOGY, AND NURSING. THE UNIVERSITY HELPS MORE THAN 2,700 STUDENTS FROM ALL FAITHS AND BACKGROUNDS DISCERN THEIR VOCATIONS THROUGH COURSEWORK, MENTORSHIP AND INTERNSHIPS AT WORLD-CLASS PUGET SOUND-AREA BUSINESSES AND INSTITUTIONS. PLU SEEKS STUDENTS FROM EVERY POSSIBLE BACKGROUND, ALL RELIGIONS, ALL RACES, ALL SOCIOECONOMIC GROUPS, ALL SEXUAL ORIENTATIONS, ALL AGES, FROM ALL OVER THE WORLD. FOR THE 2020-21 ACADEMIC YEAR, 41 PERCENT OF INCOMING FIRST-YEAR STUDENTS ARE "FIRST GENERATION," COMING FROM FAMILIES WHERE NEITHER NATURAL NOR ADOPTIVE PARENTS RECEIVED A BACCALAUREATE DEGREE; 45 PERCENT SELF-IDENTIFY AS STUDENTS OF COLOR; AND 36 PERCENT ARE PELL GRANT-ELIGIBLE. THE FIRST AMERICAN UNIVERSITY TO HAVE STUDY AWAY CLASSES ON ALL SEVEN CONTINENTS SIMULTANEOUSLY, PLU ALSO IS THE FIRST PRIVATE UNIVERSITY ON THE WEST COAST TO RECEIVE THE PRESTIGIOUS SENATOR PAUL SIMON AWARD FOR CAMPUS INTERNATIONALIZATION. PLU HOSTS AN EMMY AWARD WINNING MEDIA LAB; A MACARTHUR AWARD-WINNING DETACHMENT OF ARMY ROTC; AND MORE THAN 80 CLUBS AND ACTIVITIES, INCLUDING 19 VARSITY ATHLETIC TEAMS IN THE NORTHWEST CONFERENCE OF NCAA DIVISION III. THE UNIVERSITY CONSISTENTLY RANKS AMONG THE TOP 20 IN U.S. NEWS & WORLD REPORT'S BEST UNIVERSITIES IN THE WEST AND USNWR RECENTLY NAMED PLU AS THE SEVENTH MOST INNOVATIVE SCHOOL, NINTH BEST UNDERGRADUATE TEACHING, AND TENTH BEST VALUE SCHOOL IN THE WEST REGION. THE UNIVERSITY HAS PRODUCED MORE THAN 106 FULBRIGHT SCHOLARS SINCE 1975. 15572092 1.) OPERATIONS AND MAINTENANCE OF PLANT INCLUDING DEPRECIATION, INTEREST EXPENSE AND AMORTIZATION 2.) PUBLIC SERVICE. 12960795 8235714 ACADEMIC SUPPORT AND STUDENT SERVICES: AT PLU, STUDENTS ARE OFFERED MANY SUPPORT SERVICES, INCLUDING ACADEMIC ASSISTANCE AND ADVISING, DISABILITY SUPPORT SERVICES, CAREER CONNECTIONS AND CAMPUS MINISTRY. HIGHLIGHTS OF 2020-21 INCLUDED THE STRENGTHENING OF THE CENTER FOR STUDENT SUCCESS, A MISSION-ALIGNED, STUDENT-CENTERED ACADEMIC SUPPORT UNIT THAT TAKES A HOLISTIC VIEW OF STUDENT SUCCESS. THE CENTER IS A CAMPUS-WIDE COLLABORATION OF UNITS DEDICATED TO HELPING STUDENTS SUCCEED WITH ACADEMIC AND PERSONAL SUPPORT AND RESOURCES. SERVICES INCLUDE: ACADEMIC ADVISING & DEGREE PLANNING, TUTORING & ASSIGNMENT HELP, CAREER & VOCATION PLANNING, FINANCIAL SERVICES, PERSONAL HEALTH & WELLNESS, RESOURCES BY AFFINITY GROUP (COMMUTER STUDENTS, TRANSFER STUDENTS, INTERNATIONAL STUDENTS, FIRST IN THE FAMILY [FIF] STUDENTS, LGBTQ-IDENTIFIED STUDENTS, STUDENTS OF COLOR, AND UNDOCUMENTED STUDENTS). IN ADDITION, MILITARY STUDENT OUTREACH HAS NOW BEEN ADDED TO THE OUTREACH OFFICES TO CONNECT VETERANS TO PEERS, PROFESSIONAL DEVELOPMENT AND OTHER RESOURCES. 5667831 2123655 AUXILIARY ENTERPRISES: PLU OFFERS NINE RESIDENCE HALLS; EIGHT TRADITIONAL STYLE RESIDENCE HALLS AND ONE APARTMENT-STYLE COMPLEX. DURING THE 2020-21 ACADEMIC YEAR, ON-CAMPUS RESIDENTIAL STUDENTS SERVED 897 STUDENTS IN FALL AND SPRING SEMESTERS. PLU DELIVERED DINING SERVICES TO STUDENTS, FACULTY, STAFF AND THE NEIGHBORING COMMUNITY. WE ARE DEDICATED TO PROVIDING NUTRITIONALLY SOUND AND SUSTAINABLY SOURCED MEALS AT OUR MODERN DINING HALL, AT A NOTED RESTAURANT OPEN TO THE PUBLIC AND CAMPUS COMMUNITY, AND THROUGH SEVERAL CONVENIENT QUICK-SERVE OPTIONS LOCATED ACROSS CAMPUS. DINING SERVICES IS A CAMPUS LEADER IN SUSTAINABLE INITIATIVES, OFFERS NUTRITION EDUCATION AND CULINARY ADVENTURE CLASSES, AVAILABLE TO EVERYONE. IN RESPONSE TO COVID-19, THIRTY-FIVE (35) EXTERNAL EVENTS WERE CANCELLED, WHICH WOULD HAVE BROUGHT ABOUT 7,500 GUESTS TO CAMPUS. ALL OF THESE EXTERNAL EVENTS CONFIRMED THEY WOULD RETURN THE FOLLOWING YEAR INCLUDING THE SPECIAL OLYMPICS WASHINGTON SPRING GAMES HELD ANNUALLY AT PLU IN EARLY JUNE. 5667831 2123655 125400215 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 3023 0 1 2178 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X GEMMA DULAY 2535358056 12180 PARK AVE S TACOMA WA 98447 L ALLAN BELTON PRESIDENT 40.00 X X 314211 0 87517 EDWARD GROGAN REGENT/CHAIR 1.00 X X 0 0 0 MARK GOULD REGENT/VICE CHAIR 1.00 X X 0 0 0 MICHELLE LONG REGENT/VICE CHAIR 1.00 X X 0 0 0 MARK MILLER REGENT/VICE CHAIR 1.00 X X 0 0 0 SUSAN CAULKINS REGENT/VICE CHAIR/SECRETAR 1.00 X X 0 0 0 TROY ANDRADE REGENT 1.00 X 0 0 0 JOYCE BARR REGENT 1.00 X 0 0 0 ERIK BENSON REGENT 1.00 X 0 0 0 JONETTE BLAKNEY REGENT 1.00 X 0 0 0 SHELLEY BRYAN WEE REGENT 1.00 X 0 0 0 REBECCA BURAD REGENT 1.00 X 0 0 0 BRUCE DEAL REGENT 1.00 X 0 0 0 JEFFREY GREENE REGENT 1.00 X 0 0 0 MARK GRIFFITH REGENT 1.00 X 0 0 0 JAYNEE GROSETH REGENT 1.00 X 0 0 0 DARREN HAMBY REGENT 1.00 X 0 0 0 MATT ISERI REGENT 1.00 X 0 0 0 RICHARD JAECH REGENT 1.00 X 0 0 0 LAURIE JUNGLING REGENT 1.00 X 0 0 0 SARA KASS REGENT 1.00 X 0 0 0 LAURIE LARSON-CAESAR REGENT 1.00 X 0 0 0 KATHI LITTMANN REGENT 1.00 X 0 0 0 OSAMU MATSUTANI REGENT 1.00 X 0 0 0 JOSEPH MAYER REGENT 1.00 X 0 0 0 ARNE NESS REGENT 1.00 X 0 0 0 THOMAS SAATHOFF REGENT 1.00 X 0 0 0 LAURIE SOINE REGENT 1.00 X 0 0 0 SCOTT SQUIRES REGENT 1.00 X 0 0 0 LINDA STRAND REGENT 1.00 X 0 0 0 STACY WILSON REGENT 1.00 X 0 0 0 DANIEL ALSAKER REGENT (THRU 09/20) 1.00 X 0 0 0 BRENDA MORRIS REGENT (THRU 09/20) 1.00 X 0 0 0 JERRY SKAGA REGENT (THRU 09/20) 1.00 X 0 0 0 PATRICK GEHRING TREASURER 40.00 X 142007 0 15354 JOANNA GREGSON PROVOST 40.00 X 199904 0 31755 JOANNA ROYCE-DAVIS VICE PRESIDENT 40.00 X 188113 0 32977 THERESA PHILLIPS CHIEF OPERATING OFFICER 40.00 X 164724 0 29272 BARBARA HABERMANN DEAN 40.00 X 200318 0 34543 DANIEL LEE VICE PRESIDENT 40.00 X 178448 0 31656 JAN LEWIS ASSOCIATE PROVOST 40.00 X 154993 0 21383 CAMERON BENNETT DEAN 40.00 X 149010 0 22121 KATHLEEN RICHARDSON ASSOCIATE DEAN 40.00 X 149010 0 12846 1840738 0 319424 56 0 1 0 JOHN KORSMO CONSTRUCTION INC FOSS LANDING 1940 E D ST STE 300 TACOMA WA 98421 GENERAL CONTRACTOR 4357518 RUFFALO NOEL LEVITZ LLC 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 MANAGEMENT CONSULTING 445034 CAPITAL COMMUNICATIONS INDUSTRIES INC 1342 88TH AVENUE SE TUMWATER WA 98504 AUDIO & VISUAL CONSULTING 360389 RICOH USA INC 70 VALLEY STREAM PKWY MALVERN PA 19355 SYSTEM INTEGRATION 355726 FIELDS ROOF SERVICE INC 25924 78TH AVE S KENT WA 98032 ROOFING CONTRACTOR 309598 21 450000 5286787 14955415 668009 20692202 TUITION AND FEES 611600 122289556 122289556 AUXILIARY ENTERPRISES 611710 8235714 8235714 OTHER ACADEMIC SUPPORT & STUDENT 611710 2274701 2123655 151046 132799971 2457057 2457057 652113 823621 -171508 -171508 -171508 24497818 329807 20993602 51941 3504216 277866 3782082 3782082 159559804 132648925 151046 6067631 63825581 63825581 1155927 453815 529542 172570 41924217 31619279 8750508 1554430 1595424 960462 588034 46928 7385153 4447614 2726760 210779 3129324 1884595 1155415 89314 102842 102842 169358 169358 180869 180869 3543791 3073082 299403 171306 609530 538317 60324 10889 4379956 3868263 433449 78244 2795134 2468574 276627 49933 2504130 2211569 247827 44734 412210 364051 40795 7364 276008 243761 27316 4931 1866596 1585251 248000 33345 7151880 4972880 2179000 1347460 1190035 133354 24071 MINOR EQUIPMENT PURCHAS 727773 642746 72026 13001 DUES & MEMBERSHIPS 377100 333042 37321 6737 UNIFORM RENTAL/PURCHASE 254408 224685 25178 4545 LICENSES, FEES & PERMIT 52696 46540 5215 941 502842 446073 47746 9023 146270209 125400215 18336909 2533085 20900 20900 3864222 4133890 1434745 1119634 3357615 1803866 4701753 4052091 341874 293789 377764 168474 207915688 69042361 136908286 138873327 72423837 105232275 23924063 32500605 2763127 2784855 250118186 290983706 8526196 12734402 1255685 0 62513465 61326935 577400 568243 0 72026 16593759 18626045 89466505 93327651 X 67736000 80362000 92915681 117294055 160651681 197656055 250118186 290983706 X 13289595 25697117 -1982338 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 358980 0 0 X EDUCATION 1 0 1 X 100857262 5653386 25791123 1101669 239746 899000 130061356 97215233 1663520 6053232 2283449 1511274 280000 100857262 99812716 1651000 1580000 2150000 3343716 334767 97215233 95235419 4084331 6393280 2184131 3329671 386512 99812716 80499771 10241364 8396228 2235967 1435360 230617 95235419 0.16682 0.83318 0.00000 1 0 15896633 762723 16659356 160052062 54181352 105870710 8508500 2536598 5971902 9986920 5617880 4369040 12708850 6706531 6002319 138873327 1341801 F ALTERNATIVE INVESTMENTS 663203 F INVESTMENTS HELD BY OTHERS 15418169 F INVESTMENTS HELD IN TRUST 15077432 F 32500605 DEPOSIT ACCOUNTS 2316058 ANNUITIES PAYABLE 8545030 RETIREMENT OBLIGATION 1291186 GOVERNMENT GRANTS REFUNDABLE 5690059 INTEREST RATE SWAP 783712 18626045 X 119268133 25697117 -65988788 -40291671 159559804 0 159559804 82263759 0 82263759 64006450 64006450 146270209 PART III, LINE 4: THE UNIVERSITY'S COLLECTION CONSISTS OF THORNILEY PRINTING PRESS, CLAVIS SCRIPTVRAE SERMONS AND COMMENTARIES ON THE WRITINGS OF ST. AUGUSTINE. THESE ARE HELD FOR EDUCATION PURPOSES WHICH IS THE MAIN EXEMPT PURPOSE OF THE UNIVERSITY. PART IV, LINE 2B: PLU IS THE CUSTODIAN OF VARIOUS AGENCY, CHARITABLE REMAINDER UNITRUST, AND GIFT ANNUITY FUNDS, OF WHICH ALL OR A PORTION IS DUE TO AN OUTSIDE PARTY. AGENCY FUNDS ARE HELD IN PLU'S MAIN BANK ACCOUNT AND CHARITABLE REMAINDER UNITRUSTS AND GIFT ANNUITIES ARE INVESTED WITH CHARLES SCHWAB. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: TO FUND SCHOLARSHIPS, UNDERGRADUATE RESEARCH, EQUIPMENT, LECTURES, ATHLETIC FACILITIES, FACULTY POSITIONS, GLOBAL EDUCATION AND OTHER UNIVERSITY PROGRAMS AS DESIGNATED BY OUR DONORS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -2,838,405. UNREALIZED LOSS ON INTEREST RATE SWAP 856,067. SCHOLARSHIPS AND GRANTS -63,825,581. ENDOWMENT EXPENSES, NET WITH REVENUE ON BOOKS -180,869. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 63,825,581. ENDOWMENT EXPENSES, NET WITH REVENUE ON BOOKS 180,869. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY REMAINED RESOLUTE IN COMPLIANCE WITH THE POLICY DURING FYE21. THE FULL POLICY WAS PUBLISHED IN THE TACOMA NEWS TRIBUNE ON MARCH 8, 2021. THE UNIVERSITY FOLLOWS A NONDISCRIMINATORY POLICY REGARDING ALL PROGRAMS. THE UNIVERSITY ENROLLS STUDENTS WITHOUT DISCRIMINATION AS TO RACE, SEX COLOR, OR NATIONAL ORIGIN. THE UNIVERSITY'S RECRUITMENT PROCEDURES ARE DESIGNED AND CARRIED OUT IN SUCH A WAY AS TO REACH STUDENTS OF ALL RACIAL SEGMENTS IN THE GEOGRAPHICAL AREA SERVED. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES SUPPORT FROM THE US GOVERNMENT IN CONNECTION WITH THE PERKINS LOAN PROGRAM, FEDERAL WORK-STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM AND OTHER PROGRAMS. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 1 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 56164 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 4486 NORTH AMERICA (CANADA AND MEXICO) 0 5 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 84218 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 16271 CENTRAL AMERICA AND THE CARIBBEAN 0 1 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 15050 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD ACTIVITIES 295 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 138779 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 205458 0 10 0 0 0 10 520721 0 520721 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART VI: FOREIGN OWNERSHIP INTERESTS ARE HELD INDIRECTLY THROUGH ALTERNATIVE PARTNERSHIP INVESTMENTS. INVESTMENTS HAVE BEEN ANALYZED FOR POTENTIAL FOREIGN FORM FILING REQUIREMENTS AND FILED AS REQUIRED. 1 MERIT BASED STUDENT SCHOLARSHIPS AND GRANTS 2495 47228306 NEEDS BASED STUDENT SCHOLARSHIPS AND GRANTS 1981 14409903 FEDERAL NEEDS BASED STUDENT SCHOLARSHIPS AND GRANTS 905 2187372 PART I, LINE 2: PACIFIC LUTHERAN UNIVERSITY OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT-OF-POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. X X X X 0 1 0 0 0 0 0 1 0 L ALLAN BELTON PRESIDENT 294711 0 0 0 19500 0 77500 0 10017 0 401728 0 0 0 PATRICK GEHRING TREASURER 142007 0 0 0 0 0 6126 0 9228 0 157361 0 0 0 JOANNA GREGSON PROVOST 191347 0 0 0 8557 0 24358 0 7397 0 231659 0 0 0 JOANNA ROYCE-DAVIS VICE PRESIDENT 168860 0 0 0 19253 0 23749 0 9228 0 221090 0 0 0 THERESA PHILLIPS CHIEF OPERATING OFFICER 151505 0 0 0 13219 0 19793 0 9479 0 193996 0 0 0 BARBARA HABERMANN DEAN 198568 0 0 0 1750 0 25063 0 9480 0 234861 0 0 0 DANIEL LEE VICE PRESIDENT 159269 0 0 0 19179 0 23140 0 8516 0 210104 0 0 0 JAN LEWIS ASSOCIATE PROVOST 154993 0 0 0 0 0 11904 0 9479 0 176376 0 0 0 CAMERON BENNETT DEAN 139010 0 0 0 10000 0 12005 0 10116 0 171131 0 0 0 KATHLEEN RICHARDSON ASSOCIATE DEAN 118006 0 0 0 31004 0 12364 0 482 0 161856 0 0 0 PART I, LINE 4B ALLAN BELTON PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. PART I, LINE 7 OCCASIONAL INCENTIVE BONUSES ARE GIVEN TO EXECUTIVE LEADERSHIP AND ARE DETERMINED BY THE BOARD. A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781S27 2014-07-09 9933742 RENOVATION 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781ZD5 2016-08-11 48933000 REFUNDING 0 0 0 A 9933742 198669 9735073 2015 0 0 1 1 B 5386000 48952937 1440000 403596 47089404 2007 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 1 1 WASHINGTON FEDERAL 10.000000000000 0 0 0 MBIA 30.000000000000 1 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/09/2019 PART III, LINE 3, COLUMN A: $48,933,000 ISSUE PRICE $19,937 INVESTMENT INCOME EARNED ON PROCEEDS $48,952,937 TOTAL PROCEEDS OF ISSUE X 7931 FAIR MARKET VALUE X 9 236862 FAIR MARKET VALUE X 1 405716 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 2 17500 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED AND REVIEWED BY STAFF AND EXTERNAL ACCOUNTING FIRM. THE FORM WAS THEN PROVIDED AND REVIEWED BY THE ENTIRE BOARD BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PACIFIC LUTHERAN UNIVERSITY ANNUALLY REQUIRES BOARD MEMBERS AND KEY EMPLOYEES TO COMPLETE CONFLICT OF INTEREST SURVEYS. ANY CONFLICTS ARE DOCUMENTED TO ENSURE PROPER OVERSIGHT. BOARD MEMBERS WITH CONFLICTS ARE REQUIRED TO RECUSE THEMSELVES FROM PROCEEDINGS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS REVIEWED, APPROVED AND NOTED IN MINUTES ANNUALLY BY THE GOVERNANCE COMMITTEE OF THE BOARD. ALL OTHER POSITIONS ARE REVIEWED BY SUPERVISOR. THE DIRECTOR OF HUMAN RESOURCES ASSEMBLES AND REVIEWS COMPARABLE DATA FROM THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED ON PLU'S WEBSITE AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUST -2,838,405. UNREALIZED LOSS ON INTEREST RATE SWAP 856,067. GARFIELD COMMONS LLC 2001 WESTERN AVE SUITE 330 SEATTLE WA 98121 651266546 COMMERCIAL RETAIL RENTAL WA 830485 11326005 PACIFIC LUTHERAN UNIVERSITY BENSON FAMILY FOUNDATION PO BOX 3168 PORTLAND OR 97208 203039538 SUPPORTING ORGANIZATION FOR PLU OR 501(C)(3) LINE 12D, III-O 0 CHARITABLE REMAINDER UNITRUSTS (22) CHARITABLE TRUST WA T 0 LIFE INCOME TRUSTS (3) CHARITABLE TRUST WA T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BENSON FAMILY FOUNDATION C 450000 CASH