2016-05-16T08:47:02-05:00 2015-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2014-07-01 131740451 Fordham University % NICHOLAS MILOWSKI FORD 7188171000 CONTROLLERS OFFICE 441 E FORDHAM RD BRONX NY 104585170 MARTHA K HIRST SENIOR VP, CFO AND TREASURER 7188171000 2016-05-11 true KPMG LLP P00634378 2127589700 2014 2016-08-17 19:52:53Z JOSEPH M MCSHANE SJ 441 EAST FORDHAM ROAD BRONX NY 104585170 1114667538 false X WWW.FORDHAM.EDU X 1841 NY TO PROVIDE THE HIGHEST QUALITY EDUCATION TO UNDERGRADUATE AND GRADUATE STUDENTS, IN THE JESUIT TRADITION. 40 38 7166 725 -144281 -1176877 82790803 58119927 627055523 662681679 63532990 51254369 563150 575289 773942466 772631264 148018193 165160938 0 0 332079628 339701764 525936 562725 9543518 203803553 231843177 684427310 737268604 89515156 35362660 1877208238 1860886492 638243728 630776158 1238964510 1230110334 X SEE SCHEDULE O. false false 650454443 165160938 662681679 INSTRUCTION, RESEARCH AND PUBLIC SERVICE IN THE GRADUATE (APPROXIMATELY 6,400 STUDENTS ENROLLED) AND UNDERGRADUATE (APPROXIMATELY 8,900 STUDENTS ENROLLED) SCHOOLS OF THE UNIVERSITY. 650454443 true true false true false false false true false true true true false false true true true false true true true false false true true false false false true true true false false false false false true false false true false true true false false true true true true false false true 990 0 7166 true true true true UK false false false true true false false false false X 40 38 true false false false false false false true true false false true true true true true true true true false CA X X NICHOLAS MILOWSKI 7188171000 FORDHAM UNIVERSITY 441 EAST FORDHA BRONX NY 104585170 X JOSEPH MCSHANE SJ PRESIDENT/TRUSTEE 35.0 0.0 X X 0 0 11710 ROBERT D DALEO CHAIR 1.0 0.0 X X 0 0 0 DON ALMEIDA TRUSTEE 1.0 0.0 X 0 0 0 SALLY J BELLET TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN BEPLER TRUSTEE 1.0 0.0 X 0 0 0 ROSEMARY T BERKERY TRUSTEE 1.0 0.0 X 0 0 0 VINCENT L BIAGI SJ TRUSTEE 1.0 0.0 X 0 0 0 DARRYL EMERSON BROWN TRUSTEE 1.0 0.0 X 0 0 0 JAMES BROWN TRUSTEE 1.0 0.0 X 0 0 0 JAMES E BUCKMAN TRUSTEE 1.0 0.0 X 0 0 0 VINCENT CAPPUCCI TRUSTEE 1.0 0.0 X 0 0 0 DONNA M CARROLL TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J COSGROVE TRUSTEE 1.0 0.0 X 0 0 0 GERALD C CROTTY TRUSTEE 1.0 0.0 X X 0 0 0 CAROLYN DURSI CUNNIFFE TRUSTEE 1.0 0.0 X 0 0 0 CAROLYN N DOLAN TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER F FITZMAURICE TRUSTEE 1.0 0.0 X 0 0 0 HONORA AHERN GROSE TRUSTEE 1.0 0.0 X 0 0 0 DARLENE LUCCIO JORDAN TRUSTEE 1.0 0.0 X 0 0 0 JOHN M KEANE TRUSTEE 1.0 0.0 X 0 0 0 ANDREW C KERIN TRUSTEE 1.0 0.0 X 0 0 0 BRIAN MACLEAN TRUSTEE 1.0 0.0 X 0 0 0 J THOMAS MCCLAIN SJ TRUSTEE 1.0 0.0 X 0 0 0 SLYVESTER MCCLEARN TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN J MCGUINNESS TRUSTEE 1.0 0.0 X 0 0 0 LUIS E SAN MIGUEL TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA A NAZEMETZ TRUSTEE 1.0 0.0 X 0 0 0 ARMANDO NUNEZ JR TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH P PARKES SJ TRUSTEE 1.0 0.0 X 0 0 0 GEORGE QUICKLEY SJ TRUSTEE 1.0 0.0 X 0 0 0 THOMAS REGAN SJ TRUSTEE 1.0 0.0 X 0 0 0 DENNIS G RUPPEL TRUSTEE 1.0 0.0 X 0 0 0 PETER JOHN SACRIPANTI TRUSTEE 1.0 0.0 X 0 0 0 THOMAS P SALICE TRUSTEE 1.0 0.0 X 0 0 0 THOMAS SCIRGHI SJ TRUSTEE 1.0 0.0 X 0 0 0 EDWARD M STROZ TRUSTEE 1.0 0.0 X X 0 0 0 WILLIAM J TOPPETA TRUSTEE 1.0 0.0 X 0 0 0 VINCENT VIOLA TRUSTEE 1.0 0.0 X 0 0 0 LILIAN WU TRUSTEE 1.0 0.0 X 0 0 0 JOHN M ZIZZO TRUSTEE 1.0 0.0 X 0 0 0 BRIAN BYRNE VP FOR LINCOLN CENTER 35.0 0.0 X 357124 0 55221 ERIC WOOD CHIEF INVESTMENT OFFICER 35.0 0.0 X 257805 0 43540 FRANK SIMIO INT.SR. VP, CFO,TREAS & VP FIN 35.0 0.0 X 358864 0 52948 FRANK SIRIANNI VP FOR TECHNOLOGY AND CIO 35.0 0.0 X 316082 0 75341 JEFFREY GRAY SENIOR VP FOR STUDENT AFFAIRS 35.0 0.0 X 329099 0 52942 JOHN LORDAN SENIOR VP, CFO, & TREASURER 35.0 0.0 X 472237 0 32031 MARCO VALERA VP FOR FACILITIES 35.0 0.0 X 297717 0 54633 MARGARET BALL UNIVERSITY SECRETARY 35.0 0.0 X 171304 0 19702 MSGR JOSEPH QUINN VP OF MISSION AND MINISTRY 35.0 0.0 X 153974 0 23135 PETER STACE VP FOR ENROLLMENT 35.0 0.0 X 350452 0 52685 ROGER MILICI VP FOR DEVEL. & UNI. RELATIONS 35.0 0.0 X 419352 0 52403 STEPHEN FREEDMAN PROVOST 35.0 0.0 X 491957 0 52392 THOMAS A DUNNE VP FOR ADMINISTRATION 35.0 0.0 X 386866 0 55202 DAVID GAUTSCHI GRAD BUS. SCH OF ADMIN DEAN 35.0 0.0 X 412696 0 52184 DONNA RAPACCIOLI SCHOOL OF BUSINESS DEAN 35.0 0.0 X 617566 0 111652 IFTEKHAR HASAN PROFESSOR AND CHAIR 35.0 0.0 X 440610 0 52403 MICHAEL M MARTIN LAW SCHOOL DEAN 35.0 0.0 X 482100 0 76155 THOMAS PECORA HEAD MENS BASKETBALL COACH 35.0 0.0 X 706998 0 44438 7022803 0 970717 671 false true false GOTHAM CONSTRUCTION COMPANY LLC 1010 AVENUE OF THE AMERICAS 4TH FL NEW YORK NY 10018 CONSTRUCTION 24396058 SODEXO INC AFFILIATES 9801 WASHINGTON BLVD GAITHERBURG MD 20878 FOOD SERVICE 19505163 CW BROWN INC 1 LABRIOLA COURT ARMONK NY 10504 CONSTRUCTION 9724734 SUMMIT SECURITY SERVICES 390 REXCORP PLAZA/LOBBY LEVEL UNIONDALE NY 11553 SECURITY SERVICE 6819756 ASI SYSTEM INTEGRATION INC 48 WEST 37TH STREET 4TH FLOOR NEW YORK NY 10018 IT CONSULTING 2824768 264 1720076 14168057 42231794 1017150 58119927 TUITIONS AND FEES 611600 573657196 573657196 AUXILIARY ENTERPRISES 611710 76424998 75213357 1211641 ATHLETIC AND SUMMER PROGRAMS 611710 3921851 3921851 FEES FOR EDUCATIONAL SERVICES 611600 2902849 2902849 FACILITIES RENTAL 611600 3247159 3247159 2527626 2527626 662681679 9857840 -288861 10146701 36690 36690 650193 650193 501047 501047 0 501047 501047 382521382 341161543 41359839 41359839 41359839 154200 1720076 874731 -720531 -720531 0 0 PARKING INCOME - OPEN TO PUBLIC 812930 114639 114639 TRAVEL TOURS 561500 29941 29941 144580 772631264 661470038 -144281 53185580 0 165160938 165160938 0 0 5082470 2307588 2306485 468397 128757 128757 245903327 215309112 27437462 3156753 17849127 16036715 1483515 328897 54873380 43953428 9948573 971379 15864703 14253791 1318581 292331 0 1265375 1265375 303241 303241 27084 27084 562725 562725 5166535 5166535 9355936 8588086 740578 27272 6267729 5612128 335678 319923 13904067 10896643 2711874 295550 9271578 6140686 3048691 82201 77364 63906 13458 71754216 57111711 13709946 932559 9218394 8501580 420134 296680 0 11407182 9251476 1389832 765874 20505219 20424844 80375 0 41989578 38630411 2519375 839792 2892807 1091695 1799601 1511 STUDENT MEAL COSTS 13575852 13575852 EXCHANGE STUDENT COSTS 5295705 5295705 LIBRARY MATERIALS 2992390 2992390 DUES/SUBSCRIPTIONS 1607854 1418576 178730 10548 4965071 3708425 1065520 191126 737268604 650454443 77270643 9543518 X 259947 394533 113291435 32679059 66003848 59790700 6621603 6126618 1137500 837500 0 0 13147136 12619026 1241629 1302518 22753620 10438592 1466997684 429121165 958339320 1037876519 260990974 209826404 387508610 480660197 0 0 0 0 45912616 8334826 1877208238 1860886492 76109179 81160569 0 0 29142737 33940614 458398087 443458236 0 0 0 0 18009981 15306515 0 0 56583744 56910224 638243728 630776158 X 636362543 672072925 330431052 272300615 272170915 285736794 1238964510 1230110334 1877208238 1860886492 X 35362660 -45321879 1105043 X false true X true true true X 99223840 66134536 63887862 82790803 58119927 370156968 0 0 99223840 66134536 63887862 82790803 58119927 370156968 25362159 344794809 12525803 6128985 9397733 12888322 11045771 51986614 0 0 422143582 3016982565 0.81677 0.82443 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true true 6403 true 1967 false false true 29916 true 33552 false 71838 false SCHEDULE C, PART II-B, LINE 1 AN INSUBSTANTIAL PART OF THE UNIVERSITYS ACTIVITIES WERE EXPENDED ATTEMPTING TO INFLUENCE LOCAL, STATE, AND FEDERAL LEGISLATION, REGULATION AND POLICY BENEFICIAL TO THE UNIVERSITY AND ITS STUDENTS. 16100 4666315 X X false 675054225 20830715 4277830 8509736 20954173 5166535 665532326 592538492 34025623 73098615 7645979 12674108 4288418 675054225 491584850 59944223 59971427 6005495 9806028 3150485 592538492 457980142 53351775 -1175082 7508732 8780275 2282978 491584850 371543516 20098356 80995883 5883891 6747723 2025999 457980142 0.37860 0.38160 0.23980 true false 11907246 11907246 1125174262 269010389 856163873 3063706 1923106 1140600 269863177 148115276 121747901 56989293 10072394 46916899 1037876519 ALTERNATIVE INVESTMENTS 478644053 F OTHER ASSETS 2016144 F 480660197 0 POST RETIREMENT BENEFIT OBLIG 47880000 U.S. GOVT REFUNDABLE ADVANCES 4954933 AMOUNTS HELD ON BEHALF OF OTHERS 2761805 CAPITALIZED LEASE OBLIGATION 1313486 56910224 X 560133234 -45321879 -162884347 -208206226 768339460 5166535 -874731 4291804 772631264 568965784 2029144 2029144 566936640 5166535 165165429 170331964 737268604 SCHEDULE D, PART III, LINE 4 THE UNIVERSITY'S MOST SIGNIFICANT COLLECTION IS ITS MUSEUM OF GREEK, ETRUSCAN AND ROMAN ART. THE ANTIQUITIES MUSEUM OCCUPIES 4,000 SQUARE FEET OF SPACE AND FEATURES MORE THAN 260 ANTIQUITIES DATING FROM THE 10TH CENTURY B.C. THROUGH THE 3RD CENTURY A.D. SCHEDULE D, PART V, LINE 4 FORDHAM UNIVERSITYS ENDOWMENT FUNDS ARE INTENDED TO SUPPORT FINANCIAL ASSISTANCE TO STUDENTS, TO FUND NEW AND CUTTING EDGE PROGRAMS WHILE MAINTAINING AND IMPROVING EXISTING ONES, AND TO IMPROVE AND MAINTAIN THE CAMPUS TO MEET THE NEEDS OF THE UNIVERSITY COMMUNITY. SCHEDULE D, PART X, LINE 2 THE UNIVERSITY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE LIKELY THAN NOT OF BEING SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE UNIVERSITY'S EXEMPT PURPOSE IS SUBJECT TO TAX. THE UNIVERSITY DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY AT JUNE 30, 2015 AND 2014. SCHEDULE D, PART XI, LINE 2D OTHER ADJUSTMENTS: CHANGE IN FV OF PERPETUAL TRUST 40,418 CHANGE IN FV OF INTEREST RATE SWAP (287,336) FINANCIAL AID AWARDS (165,160,938) GAIN/(LOSS) NOT YET RECOG - PERIODIC BEN COST (2,528,000) TRAVEL TOUR EXPENSE (4,491) ------------- TOTAL (162,884,347) SCHEDULE D, PART XI, LINE 4B OTHER ADJUSTMENTS SPECIAL EVENT EXPENSES (874,731) SCHEDULE D, PART XII, LINE 2D OTHER ADJUSTMENTS SPECIAL EVENT EXPENSES 874,731 LONDON PROGRAM EXPENSES 1,154,413 ------------- TOTAL 2,029,144 SCHEDULE D, PART XII, LINE 4B OTHER ADJUSTMENTS FINANCIAL AID AWARDS 165,160,938 TRAVEL TOUR EXPENSE 4,491 ------------- TOTAL 165,165,429 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY: THE UNIVERSITY INCLUDES A STATEMENT OF ITS POLICY ON RACIAL NONDISCRIMINATION TOWARD STUDENTS IN ALL ITS NEWSPAPERS AND BROADCAST SOLICITATIONS FOR STUDENTS. SCHEDULE E, PART I, LINE 6 EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES RESEARCH, TRAINING, AND FINANCIAL AID FROM THE NATIONAL SCIENCE FOUNDATION, THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, THE U.S. DEPARTMENT OF EDUCATION, THE U.S. DEPARTMENT OF AGRICULTURE, AND VARIOUS OTHER NEW YORK STATE AND NEW YORK CITY AGENCIES. Europe (Including Iceland and Greenland) 1 14 Program Services GLOBAL STUDIES 3651100 Europe (Including Iceland and Greenland) 1 2 Program Services STUDY ABROAD 258607 Sub-Saharan Africa 1 10 Program Services LAW SCH. PROGRAM 376592 Europe (Including Iceland and Greenland) 3 Program Services LAW SCH. PROGRAM 279636 East Asia and the Pacific 3 Program Services SUMMER INSTITUTE 111190 Central America and the Caribbean Investments 117219227 3 32 3 32 121896352 121896352 true false true true true true X X X X X X X true RUFFALOCODY PROF. FUNDRAISING false 1120880 562725 558155 1120880 562725 558155 FOUNDERS DINNER 1874276 1720076 154200 77896 190639 412412 193784 0 1874276 1720076 154200 77896 190639 412412 193784 874731 -720531 SCHEDULE G, PART I, LINE 2B(iii) RUFFALOCODY DIRECTS FUNDRAISING STRATEGY FOR TELEMARKETING EFFORTS WITH INPUT FROM FORDHAM. THEY ALSO PERFORM SEGMENTATION, COPY WRITING, AND DESIGN FOR OUR DIRECT MAILING CAMPAIGNS. true STUDENT SCHOLARSHIPS 12430 165160938 N/A N/A SCHEDULE I, PART I, LINE 2 MONITORING: FORDHAM PROVIDES VARIOUS TYPES OF FINANCIAL ASSISTANCE TO PROMOTE ACCESS AND AFFFORDABILITY TO STUDENTS. FORDHAM'S FINANCIAL AID DEPARTMENT WORKS WITH STUDENTS TO HELP THEM DEVISE A PLAN TO FUND THEIR EDUCATION. ASSISTANCE MAY INCLUDE A COMBINATION OF GRANTS, LOANS AND PAYMENT PLANS DEPENDING ON INDIVIDUAL CIRCUMSTANCES AND RESOURCES. SCHOLARSHIP GRANTS ARE AWARDED ON THE BASIS OF FINANCIAL NEED AND/OR SCHOLASTIC ACHIEVEMENT, AND ON A NON-DISCRIMINATORY BASIS. STUDENTS MUST COMPLETE CERTAIN QUESTIONNAIRES AND APPLICATIONS TO DEMONSTRATE THEIR QUALIFICATION FOR VARIOUS TYPES OF FEDERAL, STATE, LOCAL, AND INSTITUTIONAL FINANCIAL ASSISTANCE. THE VARIOUS FINANCIAL ASSISTANCE PROGRAMS HAVE PARTICULAR REQUIREMENTS FOR SELECTION CRITERIA AND MONITORING THE USE OF GRANT FUNDS, SUCH AS THE CODE OF FEDERAL REGULATIONS. THESE REQUIREMENTS MAY INCLUDE A MINIMUM COURSE LOAD, DEMONSTRATED ACADEMIC PROGRESS, AND OTHER SIMILAR REQUIREMENTS. X X X X false false false false false false false true false BRIAN BYRNE VP FOR LINCOLN CENTER 303437 0 50000 0 3687 0 28600 0 26621 0 412345 0 0 0 ERIC WOOD CHIEF INVESTMENT OFFICER 230341 0 25000 0 2464 0 17735 0 25805 0 301345 0 0 0 FRANK SIMIO INT.SR. VP, CFO,TREAS & VP FIN 357418 0 0 0 1446 0 28600 0 24348 0 411812 0 0 0 FRANK SIRIANNI VP FOR TECHNOLOGY AND CIO 292668 0 0 0 23414 0 28600 0 46741 0 391423 0 0 0 JEFFREY GRAY SENIOR VP FOR STUDENT AFFAIRS 326600 0 0 0 2499 0 28600 0 24342 0 382041 0 0 0 JOHN LORDAN SENIOR VP, CFO, & TREASURER 465417 0 0 0 6820 0 28600 0 3431 0 504268 0 0 0 MARCO VALERA VP FOR FACILITIES 292748 0 0 0 4969 0 28600 0 26033 0 352350 0 0 0 MARGARET BALL UNIVERSITY SECRETARY 170144 0 0 0 1160 0 18776 0 926 0 191006 0 0 0 MSGR JOSEPH QUINN VP OF MISSION AND MINISTRY 152937 0 0 0 1037 0 11751 0 11384 0 177109 0 0 0 PETER STACE VP FOR ENROLLMENT 347263 0 0 0 3189 0 28600 0 24085 0 403137 0 0 0 ROGER MILICI VP FOR DEVEL. & UNI. RELATIONS 364338 0 54000 0 1014 0 28600 0 23803 0 471755 0 0 0 STEPHEN FREEDMAN PROVOST 487283 0 0 0 4674 0 28600 0 23792 0 544349 0 0 0 THOMAS A DUNNE VP FOR ADMINISTRATION 368525 0 0 0 18341 0 28600 0 26602 0 442068 0 0 0 DAVID GAUTSCHI GRAD BUS. SCH OF ADMIN DEAN 408849 0 0 0 3847 0 28600 0 23584 0 464880 0 0 0 DONNA RAPACCIOLI SCHOOL OF BUSINESS DEAN 578849 0 0 0 38717 0 28600 0 83052 0 729218 0 0 0 IFTEKHAR HASAN PROFESSOR AND CHAIR 439164 0 0 0 1446 0 28600 0 23803 0 493013 0 0 0 MICHAEL M MARTIN LAW SCHOOL DEAN 475100 0 0 0 7000 0 28600 0 47555 0 558255 0 0 0 THOMAS PECORA HEAD MENS BASKETBALL COACH 579197 0 119201 0 8600 0 20150 0 24288 0 751436 0 0 0 SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS: NON-FIXED COMPENSATION IS PAID AT THE DISCRETION OF THE PRESIDENT WITH THE APPROVAL OF THE COMPENSATION COMMITTEE. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 140000623 649903C33 2008-05-21 96895000 REFUNDING 2005 DEBT ISSUE false false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 140000623 6499032B6 2008-07-25 118287807 2008 ISSUE - RH DORMITORY false false false C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 140000623 649905CX0 2011-04-28 152929720 2011 ISSUE - NEW CONSTRUCTION false false false D DORMITORY AUTHORITY OF THE STATE OF NEW YORK 140000623 649906Z23 2012-10-25 46206812 REFUNDING 2002 & 1998 DEBT ISSUE false false false A 5640000 0 96895000 0 0 0 602276 59047 0 0 96233677 0 2008 true false true true B 18182807 0 118287807 3711000 0 0 956319 1887828 0 111732660 0 0 2010 false false true true C 8604720 0 152929720 0 0 0 1416066 0 0 151513654 0 0 2014 false false true true D 12261812 0 46206812 0 0 45346922 784889 0 0 0 75000 0 2013 true false true true A false false false false 0 false false false true B false false true true false 0.01100 0.01100 false false false true C false false false false 0 false false false true D 0 A false false false true true true MERRILL LYNCH 3.248 true false false 0 false true B false false false true false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, BOND ISSUES: 2011 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: LAW SCHOOL BUILDING AND RESIDENCE HALL CONSTRUCTION 2014 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: ACQUISITION OF BUILDING AND REFUND 2004 DEBT ISSUE SCHEDULE K, PART IV, LINE 2C, COLUMNS A AND B THE DATE OF THE REBATE COMPUTATION FOR BOTH SERIES OF BONDS IS 7/9/2015. SCHEDULE K, PART IV, LINE 3C, COLUMN B ARBITRAGE THE UNIVERSITY PAYS A FIXED RATE OF 3.2475% AND RECEIVES 67% OF ONE MONTH LIBOR ON THE NOTIONAL PRINCIPAL AMOUNT OF THE 2008A BONDS. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 140000623 649907YZ9 2014-04-03 66182433 REFUND 2004 ISSUE AND CO-OP ACQ false false false A 7597433 0 66182433 0 0 0 867654 0 0 49768778 11252040 4293961 true false false false A false false false false 0 false false false true A false true false false false false 0 false 0 false true A true STEPHEN FREEDMAN SEE PART V SEE PART V X 1637500 837500 false false true 837500 JILL LOGAN SEE PART V 128757 EMPLOYEE COMPENSATION false SCHEDULE L, PART II (A) NAME OF PERSON: STEPHEN FREEDMAN (B) RELATIONSHIP WITH ORGANIZATION: PROVOST OF FORDHAM UNIVERSITY (C) PURPOSE OF LOAN: MORTGAGE SCHEDULE L, PART IV JILL LOGAN IS A FAMILY MEMBER OF PATRICIA NAZEMETZ, CURRENT TRUSTEE X 1 16100 APPRAISAL X 38120 APPRAISAL X 38 945034 MARKET QUOTATION X GOLF OUTING 1 8425 COST X Food and Beverages 1 6351 COST X FOOTBALL TICKETS 1 3120 COST 2 false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS THE AMOUNT LISTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. Form 990 Part III Line 1 THE MISSION OF THE UNIVERSITY: FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION OF THE HIGHEST QUALITY. GUIDED BY ITS CATHOLIC AND JESUIT TRADITIONS, FORDHAM FOSTERS THE INTELLECTUAL, MORAL AND RELIGIOUS DEVELOPMENT OF ITS STUDENTS AND PREPARES THEM FOR LEADERSHIP IN A GLOBAL SOCIETY. Form 990 Part VI Line 2 FAMILY RELATIONSHIP - PETER STACE, OFFICER/VP FOR ENROLLMENT, HAS A FAMILY RELATIONSHIP WITH MARGARET BALL, OFFICER/UNIVERSITY SECRETARY. Form 990 Part VI Line 11b THE FINANCE DEPARTMENT WORKS CLOSELY WITH KPMG LLP, THE UNIVERSITYS INDEPENDENT ACCOUNTING FIRM, TO PREPARE THE FORM 990. THE FINANCE DEPARTMENT PREPARES THE INITIAL DRAFT, WHICH KPMG REVIEWS TOGETHER WITH VARIOUS SUPPORTING DOCUMENTATION. WHEN BOTH KPMG AND THE FINANCE STAFF ARE SATISFIED WITH THE FINAL DRAFT, IT IS THEN CAREFULLY REVIEWED AND EDITED BY THE CFO, VICE PRESIDENT FOR FINANCE AND CONTROLLER, WHO THEN PROVIDE THE REVISED RETURN TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE BOARD OF TRUSTEES HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING THE RETURN TO THE EXECUTIVE COMMITTEE. QUESTIONS AND COMMENTS BY THE EXECUTIVE COMMITTEE ARE INCORPORATED INTO THE FORM 990 AS APPROPRIATE. A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. Form 990 Part VI Line 12c THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT REQUIRES, AMONG OTHER THINGS, THAT NO INDIVIDUAL MAY PARTICIPATE IN DISCUSSION OR DECISION ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND INDIVIDUALS WHO HAVE SIGNING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY, AND IN ACCORDANCE WITH RELEVANT STATE CONFLICT OF INTEREST LAWS AND THE UNIVERSITY'S STATUS UNDER SECTION 501(C)(3). Form 990 Part VI Line 15a COMPENSATION REVIEW: FORDHAMS BOARD OF TRUSTEES HAS DELEGATED RESPONSIBILITY FOR DETERMINING COMPENSATION FOR CERTAIN MEMBERS OF SENIOR MANAGEMENT TO THE BOARDS INDEPENDENT COMPENSATION COMMITTEE. HOWEVER, THE APPROVAL OF THE FULL BOARD OF TRUSTEES IS REQUIRED FOR APPROVAL OF THE PRESIDENT'S ANNUAL SALARY. ALL TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST POLICY DISCLOSURE STATEMENT EACH YEAR. THE COMPENSATION COMMITTEE SEEKS TO ENSURE THAT EMPLOYEES ARE PAID WITHIN THE RANGE OF THE GOING MARKET RATE FOR SUCH POSITIONS AT SIMILARLY SITUATED UNIVERSITIES IN SIMILAR GEOGRAPHIC REGIONS, BY REFERENCE TO COMPENSATION SURVEYS AND OTHER INSTITUTIONS' FORM 990 RETURNS. FORDHAM KEEPS RECORDS TO DOCUMENT ITS COMPENSATION SETTING PROCESS. Form 990 Part VI Line 19 FORDHAM UNIVERSITYS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE CURRENTLY AVAILABLE ON THE UNIVERSITYS WEBSITE. Form 990 Part X Line 23 SECURED MORTGAGES AND NOTES PAYABLE TO UNRELATED THIRD PARTIES: IN JULY 2012, THE UNIVERSITY ENTERED INTO AN AGREEMENT WITH THE JESUITS OF FORDHAM, INC., A NOT FOR PROFIT PROVINCIAL ORDER, FOR THE PURCHASE OF LOYOLA HALL, A BUILDING LOCATED ON THE ROSE HILL CAMPUS OF FORDHAM UNIVERSITY, FOR $30 MILLION. THE FIRST INSTALLMENT OF $8 MILLION WAS PAID ON THE CLOSING DATE. THE BALANCE OF THE PURCHASE PRICE WILL BE PAID PURSUANT TO AN INTEREST FREE PROMISSORY NOTE CALLING FOR EIGHT INSTALLMENTS OF $2,750,000 EACH YEAR THROUGH JULY 2020. THE UNIVERSITY RECORDED AN UNAMORTIZED DISCOUNT TOTALLING $2,263,147 AND $2,425,924 AT JUNE 30, 2015 AND 2014, RESPECTIVELY. Form 990 Part XI Line 9 CHANGE IN VALUE OF INTEREST RATE SWAP (287,336) LOSS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC COST 2,528,000 UNREALIZED CHANGE IN VALUE OF PERPETUAL TRUST 40,418 EXPENSES OF LONDON PROGRAM (1,154,413) PRIOR PERIOD ADJ FOR EXPENSES OF LONDON PROGRAM (21,626) ------------ TOTAL TO FORM 990, PART XI, LINE 9 (1,105,043) FORDHAM AIRVANA HOLDINGS LLC 888 SEVENTH AVE 7TH FLOOR NEW YORK NY 10019 131740451 HOLDING CO. NY 122834 FORDHAM U FORDHAM UNIVERSITY (USA) UK PROGRAM LTD 15 ST BOTOLPH STREET EC3A 7NJ LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U true FORDHAM UNIVERSITY UK CHARITABLE TRUST 15 ST BOTOLPH STREET EC3A 7NJ LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U true CHARITABLE REMAINDER TRUST (OH) INVESTMENT OH NA Trust false CHARITABLE REMAINDER TRUST (NY) INVESTMENT NY NA Trust false false false false false false false false false false false false false false false false true false false false FORDHAM UNIVERSITY (USA) UK PROGRAM LTD p 1153413 COST