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        <ManagementAndGeneralAmt>1000</ManagementAndGeneralAmt>
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      <FeesForServicesAccountingGrp>
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        <ManagementAndGeneralAmt>11522</ManagementAndGeneralAmt>
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        <ProgramServicesAmt>52295</ProgramServicesAmt>
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        <EOYAmt>35707</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
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        <EOYAmt>3441965</EOYAmt>
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      <NetUnrlzdGainsLossesInvstAmt>190727</NetUnrlzdGainsLossesInvstAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
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      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
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        <CurrentTaxYearMinus3YearsAmt>36271</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>39399</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>68549</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>57051</CurrentTaxYearAmt>
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      <GrossReceiptsAdmissionsGrp>
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        <CurrentTaxYearMinus3YearsAmt>763713</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>718043</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>676339</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>636668</CurrentTaxYearAmt>
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      <AmountsRcvdDsqlfyPersonGrp>
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      <SubstAndDsqlfyPrsnsTotGrp>
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      <InvestmentIncomeAndUBTIGrp>
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      <OtherIncome509Grp>
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      </OtherIncome509Grp>
      <TotalSupportCalendarYearGrp>
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        <CurrentTaxYearMinus1YearAmt>809249</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>753664</CurrentTaxYearAmt>
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      <PublicSupportPY509Pct>0.92000</PublicSupportPY509Pct>
      <InvestmentIncomeCYPct>0.07960</InvestmentIncomeCYPct>
      <InvestmentIncomePYPct>0.08000</InvestmentIncomePYPct>
      <ThirtyThrPctSuprtTestsCY509Ind>X</ThirtyThrPctSuprtTestsCY509Ind>
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    <IRS990ScheduleD documentId="RetDoc1040000001">
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        <ContributionsAmt>47043</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>363221</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>176340</OtherExpendituresAmt>
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        <InvestmentEarningsOrLossesAmt>51835</InvestmentEarningsOrLossesAmt>
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        <EndYearBalanceAmt>3039859</EndYearBalanceAmt>
      </CYMinus1YrEndwmtFundGrp>
      <CYMinus2YrEndwmtFundGrp>
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        <ContributionsAmt>9655</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>127434</InvestmentEarningsOrLossesAmt>
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        <EndYearBalanceAmt>2876012</EndYearBalanceAmt>
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        <OtherExpendituresAmt>216212</OtherExpendituresAmt>
        <EndYearBalanceAmt>2881197</EndYearBalanceAmt>
      </CYMinus3YrEndwmtFundGrp>
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        <EndYearBalanceAmt>2625434</EndYearBalanceAmt>
      </CYMinus4YrEndwmtFundGrp>
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      <EndowmentsHeldRelatedOrgInd>0</EndowmentsHeldRelatedOrgInd>
      <LeaseholdImprovementsGrp>
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      <FootnoteTextInd>X</FootnoteTextInd>
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      <RevenueNotReportedAmt>190727</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>873031</RevenueSubtotalAmt>
      <RevenueNotReportedFinclStmtAmt>0</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>873031</TotalRevenuePerForm990Amt>
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      <ExpensesNotReportedAmt>0</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>796984</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>796984</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2014-2016) OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S 2017 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>1</GrantRecordsMaintainedInd>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>SCHOLARSHIPS</GrantTypeTxt>
        <RecipientCnt>21</RecipientCnt>
        <CashGrantAmt>36231</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE DAILY PENNSYLVANIAN GRANTS SCHOLARSHIPS TO UNIVERSITY OF PENNSYLVANIA STUDENTS UNDER TWO DIFFERENT PROGRAMS. SCHOLARSHIPS ARE PAID FROM ONE OF THE ORGANIZATION'S TEMPORARILY RESTRICTED FUNDS AND FROM ONE OF ITS BOARD-DESIGNATED FUNDS. ERIC JACOBS SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO ARE ELECTED EDITORS OR MANAGERS AND WHO DEMONSTRATE FINANCIAL NEED. DONALD NEIMAN SCHOLARSHIPS ARE AWARDED TO FRESHMEN OR SOPHOMORES INTERESTED IN PURSUING CARREERS IN JOURNALISM. ELIGIBLE STUDENTS MUST BE CURRENT PENN STUDENTS WHO ARE VOLUNTEER WORKERS FOR THE DAILY PENNSYLVANIAN, AND MUST COMPLETE AN APPLICATION FORM. FROM AMONG APPLICANTS WHO MEET THE ENTRY CRITERA, SCHOLARSHIPS ARE AWARDED BY MEMBERS OF THE DAILY PENNSYLVANIAN ALUMNI ASSOCIATION IN CONSULTATION WITH SENIOR STUDENT LEADERS. EACH SCHOLARSHIP PAYMENT IS DOCUMENTED AS DISBURSEMENTS FROM THE RESPECTIVE FUNDS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE 990 IS ANNUALLY PRESENTED TO THE BOARD MEMEBERS BEFORE FILING WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE DAILY PENNSYLVANIAN'S CONFLICT OF INTEREST POLICY IS ANNUALLY REVIEWED WITH NEWLY ELECTED BOARD MEMBERS. THE POLICY IS ALSO POSTED IN A DISPLAY CASE IN THE OFFICE. DUE TO THE NATURE OF OUR BUSINESS, BOARD MEMBERS GENERALLY ARE NOT IN THE POSITION TO GRANT CONTRACTS TO ANY VENDORS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>EACH DECEMBER, A COMPENSATION COMMITTEE (4 BOARD MEMBERS), WHO ARE NOT EMPLOYEES OF THE ORGANIZATION, MEETS TO PERFORM ANNUAL EVALUATIONS FOR ALL FULL-TIME EMPLOYEES AND TO SET COMPENSATION FOR THE UPCOMING CALENDAR YEAR.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT ANY TIME DURING NORMAL BUSINESS HOURS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>