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        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MICHAEL HECHT</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>CHRISTOPH M KIMMICH</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JOANNA MIGDAL</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>4.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>HOWARD L MORGAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>VIVIAN PAN PHD CFA</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>LYNN POVICH</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>RAYMOND QUINLAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>ROBERT F RAUCCI</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>RAMINE ROUHANI</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JOHN HARRISON STREICKER</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>BYRON TUCKER</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>CAROLINE URVATER</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>2.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JIDE J ZEITLIN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JAY GOLAN</PersonNm>
        <TitleTxt>SR VP FOR INSTITUTIONAL AD</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>2.00</AverageHoursPerWeekRltdOrgRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JULIA WRIGLEY</PersonNm>
        <TitleTxt>INTERIM PROVOST</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>SEBASTIAN T PERSICO</PersonNm>
        <TitleTxt>SR VP FOR FINANCE &amp; ADMIN</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>11.00</AverageHoursPerWeekRltdOrgRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>CHASE ROBINSON</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>35.00</AverageHoursPerWeekRltdOrgRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <TotalReportableCompFromOrgAmt>0</TotalReportableCompFromOrgAmt>
      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>0</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>0</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>0</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>0</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>CUNY RESEARCH FOUNDATION</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>230 WEST 41ST STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10036</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>ADMINISTRATION</ServicesDesc>
        <CompensationAmt>365974</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>HIRTLE CALLAGHAN &amp; CO</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>FIVE TOWER BRIDGE 300 BARR HARBOR</AddressLine1Txt>
            <CityNm>WEST CONSHOHOCKEN</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19428</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>INVESTMENT MANAGEMENT</ServicesDesc>
        <CompensationAmt>178345</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>CAST IRON CODING</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>1300 SE STARK STREET SUITE 307</AddressLine1Txt>
            <CityNm>PORTLAND</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97214</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>WEB DEVELOPMENT</ServicesDesc>
        <CompensationAmt>134218</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>ROSE PARRIS RICHTER</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>26 STEVENSON STREET</AddressLine1Txt>
            <CityNm>PIERMONT</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10968</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>RESEARCH, TECH SUPPORT, IMPLEMENTATION</ServicesDesc>
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      </ContractorCompensationGrp>
      <CntrctRcvdGreaterThan100KCnt>4</CntrctRcvdGreaterThan100KCnt>
      <AllOtherContributionsAmt>9309179</AllOtherContributionsAmt>
      <NoncashContributionsAmt>101959</NoncashContributionsAmt>
      <TotalContributionsAmt>9309179</TotalContributionsAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>1196762</TotalRevenueColumnAmt>
        <ExclusionAmt>1196762</ExclusionAmt>
      </InvestmentIncomeGrp>
      <GrossRentsGrp>
        <RealAmt>7000</RealAmt>
      </GrossRentsGrp>
      <LessRentalExpensesGrp>
        <RealAmt>0</RealAmt>
      </LessRentalExpensesGrp>
      <RentalIncomeOrLossGrp>
        <RealAmt>7000</RealAmt>
      </RentalIncomeOrLossGrp>
      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>7000</TotalRevenueColumnAmt>
        <ExclusionAmt>7000</ExclusionAmt>
      </NetRentalIncomeOrLossGrp>
      <GrossAmountSalesAssetsGrp>
        <SecuritiesAmt>6253561</SecuritiesAmt>
      </GrossAmountSalesAssetsGrp>
      <LessCostOthBasisSalesExpnssGrp>
        <SecuritiesAmt>5497698</SecuritiesAmt>
      </LessCostOthBasisSalesExpnssGrp>
      <GainOrLossGrp>
        <SecuritiesAmt>755863</SecuritiesAmt>
      </GainOrLossGrp>
      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>755863</TotalRevenueColumnAmt>
        <ExclusionAmt>755863</ExclusionAmt>
      </NetGainOrLossInvestmentsGrp>
      <OtherRevenueMiscGrp>
        <Desc>OTHER REVENUE</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>67375</TotalRevenueColumnAmt>
        <ExclusionAmt>67375</ExclusionAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueTotalAmt>67375</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>11336179</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>0</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>2027000</ExclusionAmt>
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      <InfoInScheduleOPartIXInd>X</InfoInScheduleOPartIXInd>
      <GrantsToDomesticOrgsGrp>
        <TotalAmt>3200</TotalAmt>
        <ProgramServicesAmt>3200</ProgramServicesAmt>
      </GrantsToDomesticOrgsGrp>
      <GrantsToDomesticIndividualsGrp>
        <TotalAmt>2009803</TotalAmt>
        <ProgramServicesAmt>2009803</ProgramServicesAmt>
      </GrantsToDomesticIndividualsGrp>
      <ForeignGrantsGrp>
        <TotalAmt>232200</TotalAmt>
        <ProgramServicesAmt>232200</ProgramServicesAmt>
      </ForeignGrantsGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>2120026</TotalAmt>
        <ProgramServicesAmt>1973555</ProgramServicesAmt>
        <FundraisingAmt>146471</FundraisingAmt>
      </OtherSalariesAndWagesGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>9855</TotalAmt>
        <ProgramServicesAmt>9855</ProgramServicesAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>19108</TotalAmt>
        <ManagementAndGeneralAmt>19108</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
      <FeesForSrvcInvstMgmntFeesGrp>
        <TotalAmt>212505</TotalAmt>
        <ManagementAndGeneralAmt>212505</ManagementAndGeneralAmt>
      </FeesForSrvcInvstMgmntFeesGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>1439578</TotalAmt>
        <ProgramServicesAmt>1412286</ProgramServicesAmt>
        <FundraisingAmt>27292</FundraisingAmt>
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      <AdvertisingGrp>
        <TotalAmt>83790</TotalAmt>
        <ProgramServicesAmt>83790</ProgramServicesAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>290052</TotalAmt>
        <ProgramServicesAmt>245072</ProgramServicesAmt>
        <FundraisingAmt>44980</FundraisingAmt>
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      <InformationTechnologyGrp>
        <TotalAmt>66618</TotalAmt>
        <ProgramServicesAmt>19167</ProgramServicesAmt>
        <FundraisingAmt>47451</FundraisingAmt>
      </InformationTechnologyGrp>
      <OccupancyGrp>
        <TotalAmt>89515</TotalAmt>
        <ProgramServicesAmt>10608</ProgramServicesAmt>
        <ManagementAndGeneralAmt>2</ManagementAndGeneralAmt>
        <FundraisingAmt>78905</FundraisingAmt>
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      <TravelGrp>
        <TotalAmt>630729</TotalAmt>
        <ProgramServicesAmt>624460</ProgramServicesAmt>
        <FundraisingAmt>6269</FundraisingAmt>
      </TravelGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>524691</TotalAmt>
        <ProgramServicesAmt>485237</ProgramServicesAmt>
        <FundraisingAmt>39454</FundraisingAmt>
      </ConferencesMeetingsGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>3826</TotalAmt>
        <ProgramServicesAmt>3826</ProgramServicesAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>15891</TotalAmt>
        <ProgramServicesAmt>3994</ProgramServicesAmt>
        <ManagementAndGeneralAmt>11897</ManagementAndGeneralAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>RESEARCH &amp; WRITING FELL</Desc>
        <TotalAmt>288000</TotalAmt>
        <ProgramServicesAmt>288000</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>MISCELLANEOUS</Desc>
        <TotalAmt>46485</TotalAmt>
        <ProgramServicesAmt>40879</ProgramServicesAmt>
        <FundraisingAmt>5606</FundraisingAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>BANK &amp; CREDIT CARD PROC</Desc>
        <TotalAmt>44252</TotalAmt>
        <ProgramServicesAmt>9499</ProgramServicesAmt>
        <ManagementAndGeneralAmt>34753</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>EQUIPMENT</Desc>
        <TotalAmt>8052</TotalAmt>
        <ProgramServicesAmt>8052</ProgramServicesAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>3590</TotalAmt>
        <FundraisingAmt>3590</FundraisingAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>8141766</TotalAmt>
        <ProgramServicesAmt>7463483</ProgramServicesAmt>
        <ManagementAndGeneralAmt>278265</ManagementAndGeneralAmt>
        <FundraisingAmt>400018</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>355892</BOYAmt>
        <EOYAmt>716168</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>7671085</BOYAmt>
        <EOYAmt>5454072</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <BOYAmt>4015830</BOYAmt>
        <EOYAmt>5687287</EOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>114544</BOYAmt>
        <EOYAmt>193552</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>61754</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>61068</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>4512</BOYAmt>
        <EOYAmt>686</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsPubTradedSecGrp>
        <BOYAmt>38607134</BOYAmt>
        <EOYAmt>42056348</EOYAmt>
      </InvestmentsPubTradedSecGrp>
      <InvestmentsOtherSecuritiesGrp>
        <BOYAmt>3064345</BOYAmt>
        <EOYAmt>3083543</EOYAmt>
      </InvestmentsOtherSecuritiesGrp>
      <OtherAssetsTotalGrp>
        <BOYAmt>617886</BOYAmt>
        <EOYAmt>572349</EOYAmt>
      </OtherAssetsTotalGrp>
      <TotalAssetsGrp>
        <BOYAmt>54451228</BOYAmt>
        <EOYAmt>57764005</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>426559</BOYAmt>
        <EOYAmt>251041</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>23670</BOYAmt>
        <EOYAmt>24681</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>450229</BOYAmt>
        <EOYAmt>275722</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
      <UnrestrictedNetAssetsGrp>
        <BOYAmt>2610256</BOYAmt>
        <EOYAmt>3063881</EOYAmt>
      </UnrestrictedNetAssetsGrp>
      <TemporarilyRstrNetAssetsGrp>
        <BOYAmt>26565146</BOYAmt>
        <EOYAmt>29694790</EOYAmt>
      </TemporarilyRstrNetAssetsGrp>
      <PermanentlyRstrNetAssetsGrp>
        <BOYAmt>24825597</BOYAmt>
        <EOYAmt>24729612</EOYAmt>
      </PermanentlyRstrNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>54000999</BOYAmt>
        <EOYAmt>57488283</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>54451228</BOYAmt>
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        <FormAndLineReferenceDesc>PART III, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GRADUATE CENTER FOUNDATION, INC. ACCEPTS GIFTS OF ART IN KEEPING WITH ITS EDUCATIONAL MISSION TO INTERPRET VISUAL ART AND ADVANCE SCHOLARLY RESEARCH ON ART AND THE HISTORY OF ART. THE GRADUATE CENTER FOUNDATION, INC. ALSO PRESERVES AND EXHIBITS ART, SHARING KNOWLEDGE CREATED AT THE GRADUATE CENTER WITH THE PUBLIC AND USING THE ART TO INSPIRE AND EDUCATE THE PUBLIC.</ExplanationTxt>
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        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ENDOWMENT FUNDS PROVIDE INCOME TO: SUPPORT CUNY GRADUATE CENTER IN ATTRACTING DISTINGUISHED FACULTY, PROVIDE SCHOLARSHIPS AND FELLOWSHIPS TO CUNY GRADUATE CENTER STUDENTS, AND DEVELOP ACADEMIC PROGRAMS.</ExplanationTxt>
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        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE FOUNDATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN IT FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES</ExplanationTxt>
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        <ExplanationTxt>ACTUARIAL LOSS ON ANNUITY OBLIGATIONS -5,241. RELATED ENTITY REVENUE 2,143,336.</ExplanationTxt>
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        <ExplanationTxt>RELATED ENTITY EXPENSE 2,481,420.</ExplanationTxt>
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        <ExplanationTxt>DOCTORAL PROGRAMS CONSIDER ACADEMIC MERIT WHEN MAKING AWARDS, AS WELL AS OTHER PRACTICAL AND ACADEMIC FACTORS. ONCE A PROGRAM'S AWARDS COMMITTEE HAS MADE A NOMINATION, THE OFFICE OF FINANCIAL AID NOTIFIES THE STUDENT OF THE AWARD AND COLLECTS THE REQUIRED DOCUMENTATION NEEDED TO PAY THE AWARD. U.S. CITIZENS AND PERMANENT RESIDENTS AS WELL AS INTERNATIONAL STUDENTS ARE ELIGIBLE FOR INSTITUTIONAL AID. SOME AWARDS SUCH AS NAMED FELLOWSHIPS, REQUIRE ADDITIONAL SUPPORTING MATERIALS, WHICH ARE NOTED IN THE DESCRIPTION OF THE INDIVIDUAL AWARDS. DISSERTATION-YEAR AWARD APPLICATIONS ARE REVIEWED BY THE OFFICE OF THE PROVOST. DISSERTATION-YEAR AWARDS: STUDENTS ARE INFORMED OF THE COMPETITION AND APPLICATIONS ARE MADE AVAILABLE DURING THE FALL SEMESTER. THE DUE DATE FOR APPLICATIONS IS MID-JANUARY. STUDENTS SUBMIT APPLICATIONS THAT INCLUDE A TEN-PAGE PROPOSAL ON THEIR DISSERTATION RESEARCH, A TWO-PAGE CV, THEIR CURRENT GRADUATE CENTER TRANSCRIPT, AND ONE LETTER OF RECOMMENDATION FROM THE STUDENTS' ADVISOR. THE PROVOST'S OFFICE USUALLY RECEIVES ABOUT 200 APPLICATIONS PER YEAR (227 THIS YEAR). THE PROVOST'S OFFICE COMPILES THE APPLICATION PACKET (INCLUDING THE REFERENCE LETTERS AND TRANSCRIPTS) AND ORGANIZES INTERDISCIPLINARY PANELS BY ACADEMIC CLUSTER (SOCIAL SCIENCES, HUMANITIES, AND SCIENCES/MATHEMATICS). THERE ARE USUALLY ABOUT 13-15 PANELS, OF APPROXIMATELY 17-20 PROPOSALS EACH. THE EXECUTIVE OFFICERS ARE ASKED TO RECOMMEND FACULTY MEMBERS TO SERVE AS REVIEWERS AND THE APPLICATION PACKETS ARE SHARED ELECTRONICALLY WITH THOSE REVIEWERS. USUALLY EACH PANEL IS COMPOSED OF PROPOSALS FROM THREE DIFFERENT DISCIPLINES, WITH A FACULTY MEMBER FROM EACH OF THE REPRESENTED DISCIPLINES. AFTER REVIEWING THE PROPOSALS ON THEIR OWN, THE PANEL MEMBERS MEET AT THE GRADUATE CENTER TO DISCUSS AND RANK THE TOP 5-7 PROPOSALS OUT OF THEIR GROUP OF APPROXIMATELY 20 APPLICATIONS. AFTER ALL THE PANELS HAVE MET, THE ASSOCIATE PROVOST MAKES THE FINAL DECISIONS ON AWARDS. THE HIGHEST RANKED APPLICANTS ON EACH PANEL RECEIVE MAJOR DISSERTATION FELLOWSHIPS, AND DEPENDING ON THE NUMBER OF FELLOWSHIPS AVAILABLE, ADDITIONAL AWARDS ARE GIVEN, BASED ON THE PANEL RANKINGS. MAJOR AWARDS ARE CURRENTLY $25,000 AND INCLUDE IN-STATE TUITION COVERAGE. SOME OF THE AWARDS HAVE SPECIFIC TOPICS OR THEMES AND THESE AWARDS ARE, SIMILARLY, MADE BASED ON THE HIGHEST RANKED PROPOSAL THAT MEETS THE SPECIFIC AWARD CRITERIA. SEVERAL OF THE DISSERTATION FELLOWSHIPS ARE REVIEWED OUTSIDE OF THE PROVOST'S OFFICE BY SPECIFIC CENTERS OR INSTITUTES (I.E., THE LEVY CENTER FOR BIOGRAPHY, THE RALPH BUNCH INSTITUTE, THE CENTER FOR PLACE, CULTURE AND POLITICS.) STUDENTS' APPLICATIONS FOR THESE AWARDS ARE FORWARDED TO THE RELEVANT CENTERS FOR REVIEW. THEY ARE ALSO REVIEWED BY THE PANELS CONVENED BY THE PROVOST'S OFFICE. STUDENTS NORMALLY ONLY RECEIVE ONE AWARD, OCCASIONALLY, AWARDS ARE COMBINED TO A MAXIMUM OF $25,000. AFTER ALL PANELS HAVE MET AND THE PROVOST'S OFFICE HAS MADE FINAL AWARD DECISIONS, STUDENTS ARE NOTIFIED OF THE AWARD DECISIONS. AFTER AWARD OFFERS ARE MADE, A MEMO IS ALSO SENT TO EXECUTIVE OFFICERS AND TO FACULTY REVIEWERS TO ANNOUNCE THE RECIPIENTS.</ExplanationTxt>
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        <ExplanationTxt>THE GRADUATE CENTER (GC) IS THE PRINCIPAL DOCTORATE-GRANTING INSTITUTION OF THE CITY UNIVERSITY OF NEW YORK. OFFERING MORE THAN THIRTY DOCTORAL DEGREES FROM ANTHROPOLOGY TO URBAN EDUCATION AND FOSTERING GLOBALLY SIGNIFICANT RESEARCH IN A WIDE VARIETY OF CENTERS AND INSTITUTES, THE GC PROVIDES RIGOROUS ACADEMIC TRAINING IN THE HUMANITIES, SCIENCES, AND SOCIAL SCIENCES. THE GRADUATE CENTER IS HOME TO A CORE FACULTY OF APPROXIMATELY 140 TEACHERS AND MENTORS, VIRTUALLY ALL SENIOR SCHOLARS, MANY LEADERS IN THEIR DISCIPLINES, AND MORE THAN A THIRD HOLDING THE RANK OF DISTINGUISHED PROFESSOR - THE UNIVERSITY'S VERY HIGHEST ACADEMIC HONOR. FURTHER, AS THE ONLY CONSORTIUM OF ITS KIND IN THE NATION, THE GRADUATE CENTER DRAWS UPON MORE THAN 1,800 FACULTY FROM ACROSS THE CUNY COLLEGES, AS WELL AS FROM CULTURAL, ACADEMIC, AND SCIENTIFIC INSTITUTIONS THROUGHOUT NEW YORK CITY AND BEYOND. BY VIRTUE OF ITS COMPETITIVELY FUNDED DOCTORAL PROGRAMS, ITS EMPHASIS ON RESEARCH, AND WIDE-RANGING PROFESSIONAL TRAINING, THE GRADUATE CENTER BENEFITS FROM A HIGHLY AMBITIOUS AND DIVERSE STUDENT BODY. THROUGH ITS EXTENSIVE PUBLIC PROGRAMS - LECTURES, CONFERENCES, PERFORMANCES AND EXHIBITIONS - THE GRADUATE CENTER CONTRIBUTES TO THE INTELLECTUAL AND CULTURAL LIFE OF NEW YORK CITY AND AFFIRMS ITS COMMITMENT TO THE PREMISE THAT KNOWLEDGE IS A PUBLIC GOOD.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GRADUATE CENTER FOUNDATION IS COMMITTED TO PROMOTING AND SAFE-GUARDING THE SUCCESS OF THE GRADUATE CENTER BY RAISING FUNDS AND MANAGING AND INVESTING DONATIONS FOR USE BY THE GRADUATE CENTER. THE BOARD OF TRUSTEES OF THE FOUNDATION SERVES AS ADVISORS TO THE PRESIDENT OF THE GRADUATE CENTER. THE BOARD WORKS TO HEIGHTEN THE VISIBILITY OF THE GRADUATE CENTER AND TO RAISE AWARENESS OF THE GRADUATE CENTER'S CONTRIBUTION TO HIGHER EDUCATION AND ITS CULTURAL VITALITY IN NEW YORK CITY. THE GRADUATE CENTER FOUNDATION HOUSING CORPORATION AND THE GRADUATE CENTER HOUSING CORPORATION - LIC ARE SUBSIDIARIES OF THE GRADUATE CENTER FOUNDATION. THE BOARD OF TRUSTEES OF THE HOUSING CORPORATION OVERSEES THE MANAGEMENT OF STREICKER HALL ON EAST 118TH STREET. STREICKER HALL PROVIDE AN AFFORDABLE HOUSING OPTION TO GRADUATE CENTER STUDENTS AND FACULTY. THE GRADUATE CENTER, CUNY, IS THE FOCAL POINT FOR ADVANCED TEACHING AND RESEARCH AT THE CITY UNIVERSITY OF NEW YORK (CUNY), THE NATION'S LARGEST URBAN PUBLIC UNIVERSITY. WITH OVER 35 DOCTORAL AND MASTER'S PROGRAMS OF THE HIGHEST CALIBER, THE GRADUATE CENTER FOSTERS PIONEERING RESEARCH AND SCHOLARSHIP IN THE ARTS AND SCIENCES AND PREPARES STUDENTS FOR CAREERS IN UNIVERSITIES AND THE PRIVATE, NONPROFIT, AND GOVERNMENT SECTORS. THE GRADUATE CENTER'S COMMITMENT TO RESEARCH AND SCHOLARSHIP FOR THE PUBLIC GOOD IS EXEMPLIFIED BY ITS MORE THAN 30 CENTERS, INSTITUTES, AND INITIATIVES, INCLUDING ITS ADVANCED SCIENCE RESEARCH CENTER, A 200,000 SQUARE-FOOT FACILITY IN UPPER MANHATTAN, DESIGNED TO PROMOTE COLLABORATION AMONG SCIENTISTS IN FIVE AREAS OF GLOBAL RESEARCH AND INNOVATION: NANOSCIENCE, PHOTONICS, STRUCTURAL BIOLOGY, NEUROSCIENCE, AND ENVIRONMENTAL SCIENCES. THE GRADUATE CENTER BENEFITS FROM HIGHLY AMBITIOUS AND DIVERSE STUDENTS AND ALUMNI-WHO IN TURN TEACH HUNDREDS OF THOUSANDS OF UNDERGRADUATES EVERY YEAR. THROUGH ITS PUBLIC PROGRAMS, THE GRADUATE CENTER ENHANCES NEW YORK CITY'S INTELLECTUAL AND CULTURAL LIFE. THE GRADUATE CENTER IS LOCATED IN THE HEART OF MANHATTAN AND SET WITHIN THE LARGE AND MULTI-CAMPUS CITY UNIVERSITY OF NEW YORK. IT FOSTERS ADVANCED GRADUATE EDUCATION, ORIGINAL RESEARCH AND SCHOLARSHIP, INNOVATIVE UNIVERSITY-WIDE PROGRAMS, AND VIBRANT PUBLIC EVENTS THAT DRAW UPON AND CONTRIBUTE TO THE COMPLEX COMMUNITIES OF NEW YORK CITY AND BEYOND. THROUGH A BROAD RANGE OF NATIONALLY PROMINENT DOCTORAL PROGRAMS, THE GRADUATE SCHOOL PREPARES STUDENTS TO BE SCHOLARS, TEACHERS, EXPERTS, AND LEADERS IN THE ACADEMY, THE ARTS AND IN THE PRIVATE, NONPROFIT, AND GOVERNMENT SECTORS. COMMITTED TO CUNY'S HISTORIC MISSION OF EDUCATING THE "CHILDREN OF THE WHOLE PEOPLE," WE WORK TO PROVIDE ACCESS TO DOCTORAL EDUCATION FOR DIVERSE GROUPS OF HIGHLY TALENTED STUDENTS, INCLUDING THOSE WHO HAVE BEEN UNDERREPRESENTED IN HIGHER EDUCATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>PRIOR TO FILING THE FORM 990, A DRAFT IS SENT TO ALL MEMBERS OF THE AUDIT COMMITTEE FOR ITS REVIEW. THE REVIEW OF THE FORM 990 (DRAFT) IS INCLUDED ON THE AUDIT COMMITTEE'S MEETING AGENDA. THE AUDIT COMMITTEE REVIEWS THE DRAFT FORM 990 AND PRESENTS IT TO THE FULL BOARD. THE MINUTES OF THE MEETING OF THE AUDIT COMMITTEE RECORD THE TIMING AND NATURE OF THAT REVIEW. AFTER BOARD APPROVAL THE FORM 990 IS FILED WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD MEMBERS AND KEY EMPLOYEES SIGN A CONFLICT OF INTEREST FORM ANNUALLY. IF THERE IS A POTENTIAL CONFLICT, IT IS SUBMITTED TO THE AUDIT COMMITTEE FOR REVIEW AND CONSIDERATION. INDIVIDUALS WITH A CONFLICT ARE EXCLUDED FROM THE DECISION-MAKING PROCESS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>COPIES OF GOVERNING DOCUMENTS AND CONFLICT OF INTEREST FORMS ARE PROVIDED UPON REQUEST. THE MOST RECENT ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE ON WWW.GC.CUNY.EDU WEBSITE. PRIOR YEARS' ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>CONSULTING: PROGRAM SERVICE EXPENSES 1,300,945. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 27,292. TOTAL EXPENSES 1,328,237. HONORARIA: PROGRAM SERVICE EXPENSES 111,341. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 111,341.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>ACTUARIAL LOSS ON ANNUITY OBLIGATIONS -5,241. TRANFER OF NET ASSETS FROM/TO CUNY AFFILIATES 48,477.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.</ExplanationTxt>
      </SupplementalInformationDetail>
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