2021-04-09T16:55:56-05:00 2020-05-31 910189318 MOSS ADAMS LLP PO BOX 22650 YAKIMA WA 989072650 990 2019-06-01 910565571 PACIFIC LUTHERAN UNIVERSITY PACI 2535357119 12180 PARK AVE S TACOMA WA 98447 PATRICK GEHRING TREASURER 2535357119 2021-04-09 1 COLLEEN RAMIRES P01251320 5092487750 2021-04-09 2019 2022-09-23 18:48:47Z NA ALLAN BELTON 12180 PARK AVE S TACOMA WA 98447 202013181 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. 32 31 2606 2290 249868 0 10512546 13425961 141729504 140021820 2476476 3651444 157537 801613 154876063 157900838 63938681 64397831 0 0 61011000 61495000 0 0 2740954 33575683 31127866 158525364 157020697 -3649301 880141 241099264 250118186 81333881 89466505 159765383 160651681 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 98102514 64397831 124701487 ACADEMIC INSTRUCTION: PLU OFFERS 41 MAJORS AND 58 MINORS, AS WELL AS GRADUATE AND PROFESSIONAL PROGRAMS IN BUSINESS (FINANCE, MARKETING ANALYTICS, AND BUSINESS ADMINISTRATION), CREATIVE WRITING, EDUCATION, MARRIAGE AND FAMILY THERAPY, AND NURSING. THE UNIVERSITY HELPS MORE THAN 3,100 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 2019-20 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 34 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. 15502000 12884444 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 2019-20 INCLUDED THE FORMATION OF PHASE II OF THE NEW CENTER FOR STUDENT SUCCESS, A MISSION ALIGNED, STUDENT-CENTERED REIMAGINING OF ACADEMIC SUPPORT 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.) PHASE II NOW INCLUDES ANOTHER COMPONENT WITH SATTELITE MILITARY OUTREACH OFFICES TO CONNECT VETERANS TO PEERS, PROFESSIONAL DEVELOPMENT AND OTHER RESOURCES. 8141000 2186021 AUXILIARY ENTERPRISES: PLU OFFERS NINE RESIDENCE HALLS; EIGHT TRADITIONAL STYLE RESIDENCE HALLS AND ONE APARTMENT-STYLE COMPLEX. DURING THE 2019-20 ACADEMIC YEAR, ON-CAMPUS RESIDENTIAL STUDENTS SERVED 1,300 STUDENTS IN FALL AND SPRING SEMESTERS. PLU DELIVERED DINING SERVICES TO MORE THAN 3,100 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. PLU HOSTED OVER 30,000 GUESTS ATTENDING 95 NON-PLU CONFERENCES AND EVENTS DURING 2019-20. CONFERENCES RANGE IN SIZE FROM ONE-DAY TRAININGS TO OVERNIGHT RETREATS; A MEMORIAL SERVICE; MUSIC CONCERTS; SPORTS CAMPS AND CLINICS. PLU'S HOSPITALITY SERVICES AND CAMPUS RESTAURANTS, INCLUDING THE CATERING DEPARTMENT, PROVIDES MEALS FOR MOST EVENTS AS WELL AS PLU FUNCTIONS. PLU RENTED RESIDENCE HALL ROOMS TO 1,200 ATHLETES AND THEIR CHAPERONES FOR SPECIAL OLYMPICS WASHINGTON SPRING GAMES HELD AT PLU IN EARLY JUNE 2019. APPROXIMATELY AN ADDITIONAL 5,000 VOLUNTEERS, SPECTATORS, VENDORS, STAFF AND ATHLETES WHO DID NOT SLEEP ON CAMPUS ALSO ATTENDED THE GAMES AND FESTIVITIES. THE CATERING DEPARTMENT PROVIDES MEALS FOR MOST EVENTS AND PLU FUNCTIONS. FROM MID MARCH TO THE END OF MAY, 2020, 30 EXTERNAL EVENTS WERE CANCELED DUE TO COVID-19. CANCELED EVENTS WOULD HAVE BROUGHT AN ADDITIONAL 7,000 GUESTS TO CAMPUS. 17357000 1.) OPERATIONS AND MAINTENANCE OF PLANT INCLUDING DEPRECIATION, INTEREST EXPENSE AND AMORTIZATION 2.) PUBLIC SERVICE. 17357000 139102514 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 1 0 0 1 1 0 0 0 1 3158 0 1 2606 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 31 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 347420 0 90064 EDWARD GROGAN REGENT/CHAIR 1.00 X X 0 0 0 MARK GOULD REGENT/VICE CHAIR 1.00 X X 0 0 0 LAURIE JUNGLING 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/SECRETARY 1.00 X X 0 0 0 DANIEL ALSAKER REGENT 1.00 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 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 SARA KASS REGENT 1.00 X 0 0 0 LAURIE LARSON-CAESAR REGENT 1.00 X 0 0 0 MICHELLE LONG 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 BRENDA MORRIS 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 JERRY SKAGA 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 CHARLEEN TACHIBANA REGENT 1.00 X 0 0 0 PATRICK GEHRING TREASURER 40.00 X 101734 0 7284 JOANNA ROYCE-DAVIS VICE PRESIDENT 40.00 X 189844 0 30392 JOANNA GREGSON PROVOST 40.00 X 189543 0 27949 DANIEL LEE VICE PRESIDENT 40.00 X 180851 0 29475 CHUNG-SHING LEE DEAN 40.00 X 157620 0 27350 JAN LEWIS ASSOCIATE PROVOST 40.00 X 153012 0 24913 CAMERON BENNETT DEAN 40.00 X 144988 0 25997 THERESA PHILLIPS CHIEF OPERATING OFFICER 40.00 X 144229 0 24840 1609241 0 288264 49 0 1 0 PEASE & SONS INC 3815 100TH STREET SW SUITE 3A LAKEWOOD WA 98499 GENERAL CONTRACTOR 812383 JOHN KORSMO CONSTRUCTION INC 1940 E D ST STE 300 TACOMA WA 98421 GENERAL CONTRACTOR 801177 WESTMARK CONSTRUCTION INC 6102 N 9TH ST STE 400 TACOMA WA 98406 GENERAL CONTRACTOR 486052 MCGRANAHAN ARCHITECTS PS 2111 PACIFIC AVE 110 TACOMA WA 98402 ARCHITECT 391786 HURLEY ENGINEERING COMPANY TACOMA INC 302 E 26TH ST TACOMA WA 98421 BOILER SERVICE COMPANY 309141 32 510000 3844105 9071856 289136 13425961 TUITION AND FEES 611600 124701487 124701487 AUXILIARY ENTERPRISES 611710 12884444 12884444 OTHER ACADEMIC SUPPORT & STUDENT 611710 2435889 2186021 249868 140021820 1207510 1207510 1039522 237909 801613 801613 801613 46318368 43874434 2443934 2443934 2443934 157900838 139771952 249868 4453057 64397831 64397831 1024818 237456 595134 192228 46191349 37255041 7235555 1700753 3553553 2953069 497600 102884 7259024 5905745 1109594 243685 3466256 2809281 537762 119213 138437 138437 104671 104671 89141 89141 3357018 2820259 477692 59067 565106 470621 87672 6813 6224918 5184117 965747 75054 2589473 2156516 401736 31221 2687197 2237901 416897 32399 4020490 3348268 623747 48475 679203 565641 105373 8189 1916680 1596213 297358 23109 5722436 4765650 887791 68995 1145787 954212 177760 13815 DUES & SUBSCRIPTIONS 781333 650694 121218 9421 PRIZES AND AWARDS 421506 351031 65393 5082 STUDY AWAY FEES 404935 404935 MINOR EQUIPMENT PURCHAS 45669 38033 7085 551 233866 233866 157020697 139102514 15177229 2740954 20900 20900 3382966 3864222 1961826 1434745 3212399 3357615 6020788 4701753 336385 341874 1067972 377764 230750604 93842318 128568289 136908286 67229298 72423837 26292879 23924063 3005562 2763127 241099264 250118186 8207744 8526196 0 1255685 55680977 62513465 1005765 577400 1698 0 16437697 16593759 81333881 89466505 X 71134326 67736000 88631057 92915681 159765383 160651681 241099264 250118186 X 880141 1169766 634143 -1797753 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 300 358980 300 0 X EDUCATION 1 0 1 X 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 85581439 2373824 -2054389 2322581 2749633 328889 80499771 0.15450 0.81820 0.02730 1 0 10788404 762723 11551127 177696706 67591562 110105144 3764963 2009575 1755388 16981654 12893074 4088580 20756154 11348107 9408047 136908286 1378868 F ALTERNATIVE INVESTMENTS 749172 F INVESTMENTS HELD BY OTHERS 12922400 F INVESTMENTS HELD IN TRUST 8873623 F 23924063 DEPOSIT ACCOUNTS 2910753 ANNUITIES PAYABLE 4185632 RETIREMENT OBLIGATION 1229702 GOVERNMENT GRANTS REFUNDABLE 6627893 INTEREST RATE SWAP 1639779 16593759 X 92864429 1169766 -66206176 -65036410 157900839 0 157900839 92387274 -22000 -22000 92409274 64611423 64611423 157020697 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, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 513,286. PRIOR PERIOD ADJUSTMENTS 203,000. UNREALIZED LOSS ON INTEREST RATE SWAP -2,311,039. SCHOLARSHIPS AND GRANTS -64,397,831. ENDOWMENT EXPENSES, NET WITH REVENUE ON BOOKS -213,592. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 64,397,831. ENDOWMENT EXPENSES, NET WITH REVENUE ON BOOKS 213,592. 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 FYE20. THE FULL POLICY WAS PUBLISHED IN THE TACOMA NEWS TRIBUNE ON FEBRUARY 18, 2020. 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 585459 EAST ASIA AND THE PACIFIC 0 8 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 172559 NORTH AMERICA (CANADA AND MEXICO) 0 4 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 149606 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 114270 CENTRAL AMERICA AND THE CARIBBEAN 0 3 PROGRAM SERVICES STUDY ABROAD ACTIVITIES; ON SITE PROGRAM ADMINISTRATION 113834 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD ACTIVITIES 71134 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD ACTIVITIES 1695 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 124777 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 256932 0 18 0 0 0 18 1333334 256932 1590266 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 2653 47747837 NEEDS BASED STUDENT SCHOLARSHIPS AND GRANTS 2223 15082250 FEDERAL NEEDS BASED STUDENT SCHOLARSHIPS AND GRANTS 966 1067000 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 253966 0 75000 0 18454 0 78538 0 11526 0 437484 0 0 0 JOANNA ROYCE-DAVIS VICE PRESIDENT 160663 0 10000 0 19181 0 19677 0 10715 0 220236 0 0 0 JOANNA GREGSON PROVOST 185469 0 0 0 4074 0 19950 0 7999 0 217492 0 0 0 DANIEL LEE VICE PRESIDENT 151814 0 10000 0 19037 0 19399 0 10076 0 210326 0 0 0 CHUNG-SHING LEE DEAN 157620 0 0 0 0 0 17268 0 10082 0 184970 0 0 0 JAN LEWIS ASSOCIATE PROVOST 153012 0 0 0 0 0 15326 0 9587 0 177925 0 0 0 CAMERON BENNETT DEAN 136988 0 0 0 8000 0 15605 0 10392 0 170985 0 0 0 THERESA PHILLIPS CHIEF OPERATING OFFICER 144229 0 0 0 0 0 15181 0 9659 0 169069 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 939781ZD5 2016-08-11 48933000 REFUNDING 0 0 0 B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781S27 2014-07-09 9933742 RENOVATION 0 0 0 A 3973000 48934793 1440959 403596 47089404 2007 1 0 1 1 B 9933742 198669 9735073 2015 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 1 1 WASHINGTON FEDERAL 10.000000000000 0 0 0 MBIA 30.000000000000 1 0 1 B 0 0 0 1 0 0 0 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 $959 INVESTMENT INCOME EARNED ON PROCEEDS $48,933,959 TOTAL PROCEEDS OF ISSUE X 2 500 FAIR MARKET VALUE X 40 FAIR MARKET VALUE X 950 FAIR MARKET VALUE X 18 259271 FAIR MARKET VALUE X 1 150 FAIR MARKET VALUE X 1 50 FAIR MARKET VALUE X EQUIPMENT/ MISC ITEMS 5 22878 FAIR MARKET VALUE X UNRMBRSD EXP. 9 3506 FAIR MARKET VALUE X COMPANY PRODUCTS 2 1791 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 A COMPENSATION COMMITTEE OF THE BOARD. ALL OTHER POSITIONS ARE REVIEWED BY AN IMMEDIATE SUPERVISOR. THE ASSOCIATE VICE PRESIDENT 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 513,286. UNREALIZED LOSS ON INTEREST RATE SWAP -2,311,039. GARFIELD COMMONS LLC 2001 WESTERN AVE SUITE 330 SEATTLE WA 98121 651266546 COMMERCIAL RETAIL RENTAL WA 319317 7728496 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 GARFIELD COMMONS LLC 2001 WESTERN AVE SUITE 330 SEATTLE WA 98121 651266546 COMMERCIAL RETAIL RENTAL WA PACIFIC LUTHERAN UNIVERSITY EXCLUDED 70957 0 0 1.00000 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 1 0 0 0 0 0 0 0 0 BENSON FAMILY FOUNDATION C 510000 CASH GARFIELD COMMONS LLC K 207881 CASH