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        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JAMES M FLANAGAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>VINCENT A FORLENZA JR</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>EDUARDO D GLANDT</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DANIEL J HAIME</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JAMES G HERNJAK</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>FRANCIS J INGRASSIA</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>ANNE R KLINE</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>GREGORY J KUKLINSKI</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>PAUL N LEITNER</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MARK V MACTAS</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JOSEPH R PERELLA</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>J STUART RYAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>KAREN S SCHAUFELD</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>SARAT SETHI</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>PHILIP B SHEIBLEY</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DANIEL E SMITH JR</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>TARA I STACOM</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>RALPH ALBERT THOMAS</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>KAREN O'DONNELL VANDERGOOT</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JOHN J VRESICS JR</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DEBORAH WINCE-SMITH</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MICHAEL J YASZEMSKI</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MARK R YEAGER</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MICHAEL D ZISMAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
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      <Form990PartVIISectionAGrp>
        <PersonNm>DEBORAH E ZAJAC</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
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      <Form990PartVIISectionAGrp>
        <PersonNm>ALICE P GAST</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <AverageHoursPerWeekRt>40.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <OfficerInd>X</OfficerInd>
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        <OtherCompensationAmt>130070</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>PATRICK V FARRELL</PersonNm>
        <TitleTxt>PROVOST</TitleTxt>
        <AverageHoursPerWeekRt>40.0</AverageHoursPerWeekRt>
        <AverageHoursPerWeekRltdOrgRt>0.0</AverageHoursPerWeekRltdOrgRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>454564</ReportableCompFromOrgAmt>
        <OtherCompensationAmt>45643</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>FRANK A ROTH</PersonNm>
        <TitleTxt>GENERAL COUNSEL, SECRETARY</TitleTxt>
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        <ReportableCompFromOrgAmt>343153</ReportableCompFromOrgAmt>
        <OtherCompensationAmt>44295</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MARGARET F PLYMPTON</PersonNm>
        <TitleTxt>VP FINANCE AND ADMINISTRATION</TitleTxt>
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        <OfficerInd>X</OfficerInd>
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        <OtherCompensationAmt>35001</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>DENISE M BLEW</PersonNm>
        <TitleTxt>AVP FINANCE, ASST SEC, TREAS</TitleTxt>
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        <OfficerInd>X</OfficerInd>
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        <OtherCompensationAmt>45598</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>DAVID L HAMMER</PersonNm>
        <TitleTxt>ASSOCIATE TREASURER</TitleTxt>
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        <OfficerInd>X</OfficerInd>
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        <OtherCompensationAmt>29089</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>PATRICIA JOHNSON</PersonNm>
        <TitleTxt>VP FINANCE AND ADMINISTRATION</TitleTxt>
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        <OfficerInd>X</OfficerInd>
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      <Form990PartVIISectionAGrp>
        <PersonNm>PETER M GILBERT</PersonNm>
        <TitleTxt>CHIEF INVESTMENT OFFICER</TitleTxt>
        <AverageHoursPerWeekRt>40.0</AverageHoursPerWeekRt>
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        <KeyEmployeeInd>X</KeyEmployeeInd>
        <ReportableCompFromOrgAmt>797476</ReportableCompFromOrgAmt>
        <OtherCompensationAmt>44783</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>SZU-YUNG DAVID WU</PersonNm>
        <TitleTxt>DEAN, PC ROSSIN COLLEGE OF ENG</TitleTxt>
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        <OtherCompensationAmt>49067</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>DONALD E HALL</PersonNm>
        <TitleTxt>DEAN, COLLEGE OF ARTS &amp; SCIENC</TitleTxt>
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        <OtherCompensationAmt>41239</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>PAUL BROCKMAN</PersonNm>
        <TitleTxt>PROFESSOR</TitleTxt>
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        <ReportableCompFromOrgAmt>347635</ReportableCompFromOrgAmt>
        <OtherCompensationAmt>41429</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MOHAMED EL-AASSER</PersonNm>
        <TitleTxt>VP INTERNATIONAL AFFAIRS</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>COREY GALSTAN</PersonNm>
        <TitleTxt>DIRECTOR PUBLIC MKT INVEST.</TitleTxt>
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        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
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        <OtherCompensationAmt>39471</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>JOSEPH P KENDER</PersonNm>
        <TitleTxt>VP, ADVANCEMENT</TitleTxt>
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        <OtherCompensationAmt>46702</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>JENNIFER B SASSANI</PersonNm>
        <TitleTxt>DIRECTOR - ALTERNATIVE INVEST.</TitleTxt>
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        <OtherCompensationAmt>46361</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>ANNE S MELTZER</PersonNm>
        <TitleTxt>PROFESSOR</TitleTxt>
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        <OtherCompensationAmt>31105</OtherCompensationAmt>
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      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
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        <ContractorName>
          <PersonNm>SODEXO INC AFFILIATES</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1>4880 PAYSPHERE CIRCLE</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60674</ZIPCode>
          </USAddress>
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        <ServicesDesc>FOOD SERVICE</ServicesDesc>
        <CompensationAmt>10846783</CompensationAmt>
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      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>ABM JANITORIAL SERVICES</PersonNm>
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        <ContractorAddress>
          <USAddress>
            <AddressLine1>PO BOX 198352</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30384</ZIPCode>
          </USAddress>
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        <ServicesDesc>CUSTODIAL SERVICES</ServicesDesc>
        <CompensationAmt>7794978</CompensationAmt>
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      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>ALVIN H BUTZ</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1>840 HAMILTON STREET SUITE 600</AddressLine1>
            <City>ALLENTOWN</City>
            <State>PA</State>
            <ZIPCode>18105</ZIPCode>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>CONSTRUCTION MGMT</ServicesDesc>
        <CompensationAmt>2708711</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>BRICKMAN GROUP</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1>PO BOX 71358</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>606941358</ZIPCode>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>GROUNDS MAINTENANCE</ServicesDesc>
        <CompensationAmt>3023571</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <PersonNm>ONDRA HUYETT ASSOCIATES INC</PersonNm>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1>7584 MORRIS COURT</AddressLine1>
            <City>ALLENTOWN</City>
            <State>PA</State>
            <ZIPCode>18106</ZIPCode>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>CONSTRUCTION MGMT</ServicesDesc>
        <CompensationAmt>2219124</CompensationAmt>
      </ContractorCompensationGrp>
      <CntrctRcvdGreaterThan100KCnt>112</CntrctRcvdGreaterThan100KCnt>
      <FundraisingAmt>242344</FundraisingAmt>
      <GovernmentGrantsAmt>35904111</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>53898681</AllOtherContributionsAmt>
      <NoncashContributionsAmt>7770386</NoncashContributionsAmt>
      <TotalContributionsAmt>90045136</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>AUXILIARY OPERATIONS</Desc>
        <BusinessCd>611310</BusinessCd>
        <TotalRevenueColumnAmt>40960205</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>40905145</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>55060</UnrelatedBusinessRevenueAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>TUITION REVENUE</Desc>
        <BusinessCd>611310</BusinessCd>
        <TotalRevenueColumnAmt>252492018</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>252492018</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>RENT &amp; FEES AFFILIATED ORGS</Desc>
        <BusinessCd>812900</BusinessCd>
        <TotalRevenueColumnAmt>240929</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>240929</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>OTHER SALES AND SERVICES</Desc>
        <BusinessCd>611310</BusinessCd>
        <TotalRevenueColumnAmt>9106816</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>7781029</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>1325787</UnrelatedBusinessRevenueAmt>
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      <ProgramServiceRevenueGrp>
        <Desc>PROGRAM INVESTMENT INCOME</Desc>
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        <UnrelatedBusinessRevenueAmt>1091755</UnrelatedBusinessRevenueAmt>
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        <ExclusionAmt>14866492</ExclusionAmt>
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        <PersonalAmt>2801</PersonalAmt>
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      <NetRentalIncomeOrLossGrp>
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        <UnrelatedBusinessRevenueAmt>2801</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>309936</ExclusionAmt>
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        <OtherExpendituresAmt>57266525</OtherExpendituresAmt>
        <AdministrativeExpensesAmt>5303593</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>1031944988</EndYearBalanceAmt>
      </CYMinus3YrEndwmtFundGrp>
      <CYMinus4YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>852757357</BeginningYearBalanceAmt>
        <ContributionsAmt>36294537</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>81575849</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>18672944</GrantsOrScholarshipsAmt>
        <OtherExpendituresAmt>37473413</OtherExpendituresAmt>
        <AdministrativeExpensesAmt>5891975</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>908589411</EndYearBalanceAmt>
      </CYMinus4YrEndwmtFundGrp>
      <BoardDesignatedBalanceEOYPct>0.33500</BoardDesignatedBalanceEOYPct>
      <PrmnntEndowmentBalanceEOYPct>0.36400</PrmnntEndowmentBalanceEOYPct>
      <TermEndowmentBalanceEOYPct>0.30100</TermEndowmentBalanceEOYPct>
      <EndowmentsHeldUnrelatedOrgInd>true</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>false</EndowmentsHeldRelatedOrgInd>
      <LandGrp>
        <InvestmentCostOrOtherBasisAmt>10655057</InvestmentCostOrOtherBasisAmt>
        <OtherCostOrOtherBasisAmt>5646965</OtherCostOrOtherBasisAmt>
        <BookValueAmt>16302022</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>522380883</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>263069429</DepreciationAmt>
        <BookValueAmt>259311454</BookValueAmt>
      </BuildingsGrp>
      <LeaseholdImprovementsGrp />
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>185428377</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>154932551</DepreciationAmt>
        <BookValueAmt>30495826</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>73057530</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>28373513</DepreciationAmt>
        <BookValueAmt>44684017</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>350793319</TotalBookValueLandBuildingsAmt>
      <FinancialDerivativesGrp />
      <CloselyHeldEquityInterestsGrp />
      <OtherSecuritiesGrp>
        <Desc>ALTERNATIVE INVESTMENTS</Desc>
        <BookValueAmt>940896317</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </OtherSecuritiesGrp>
      <OtherSecuritiesGrp>
        <Desc>LIFE INSURANCE &amp; OTHER INVEST</Desc>
        <BookValueAmt>3093320</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </OtherSecuritiesGrp>
      <OtherSecuritiesGrp>
        <Desc>REAL ESTATE</Desc>
        <BookValueAmt>475380</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </OtherSecuritiesGrp>
      <TotalBookValueSecuritiesAmt>944465017</TotalBookValueSecuritiesAmt>
      <FederalIncomeTaxLiabilityAmt>0</FederalIncomeTaxLiabilityAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>ANNUITY PAYMENT LIABILITY</Desc>
        <Amt>18952801</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>POSTRETIREMENT BENEFIT LIABILI</Desc>
        <Amt>39529000</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>RATE SWAP LIABILITY</Desc>
        <Amt>4115379</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>FIN47 ASSET RETIREMENT OBLIGAT</Desc>
        <Amt>2832069</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>DEPOSITS HELD FOR OTHERS</Desc>
        <Amt>1361076</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>STUDENT LOANS</Desc>
        <Amt>2389825</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>OTHER LIABILITIES</Desc>
        <Amt>2420812</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>71600962</TotalLiabilityAmt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>THE LEHIGH UNIVERSITY ART GALLERIES MAINTAIN AND DEVELOP THE UNIVERSITY'S PERMANENT ART COLLECTION EXHIBITIONS DESIGNED TO INSPIRE, DEVELOP AND PROMOTE VISUAL LITERACY AND CULTURAL UNDERSTANDING THROUGH CROSS-DISCIPLINARY EDUCATIONAL OPPORTUNITIES THAT SUPPLEMENT FORMAL CLASSROOM STUDY, AND SERVE AS AN EDUCATIONAL LABORATORY TO BENEFIT STUDENTS, FACULTY, AND THE COMMUNITY-AT-LARGE AS PART OF THE UNIVERSITY LEARNING EXPERIENCE. THE ART GALLERY MAINTAINS AND DEVELOPS THE UNIVERSITY'S WORLD-CLASS TEACHING COLLECTION OF OVER 11,000 OBJECTS AND PRESENTS APPROXIMATELY FIFTEEN EXHIBITIONS PER YEAR IN EIGHT CAMPUS GALLERIES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V</FormAndLineReferenceDesc>
        <ExplanationTxt>THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 2,500 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES FUNDS THAT ARE ACTIVELY MANAGED BY THE UNIVERSITY AS PART OF A SINGLE COMMINGLED INVESTMENT POOL AS WELL AS LIMITED NUMBER OF INDIVIDUAL FUNDS THAT ARE SEPARATELY INVESTED OR HELD IN TRUST BY OTHERS. THE PRINCIPAL FINANCIAL OBJECTIVE OF THE ENDOWMENT POOL IS THAT THE REAL PURCHASING POWER OF THE ENDOWMENT PRINCIPAL SHOULD BE PRESERVED AND IF POSSIBLE ENHANCED TO HELP ENSURE THE UNIVERSITY'S FINANCIAL FUTURE. EARNINGS ON ENDOWMENT FUNDS ARE DESIGNATED FOR SCHOLARSHIPS, FELLOWSHIPS, PROFESSORSHIPS, CHAIRS, STUDENT LOANS AND OTHER PURPOSES. ENDOWMENT CONTRIBUTIONS INCLUDE GIFTS AS WELL AS TRANSFERS TO BOARD DESIGNATED ENDOWMENT FUNDS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X</FormAndLineReferenceDesc>
        <ExplanationTxt>THE UNIVERSITY HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(c)(3) OF THE UNITED STATES INTERNAL REVENUE CODE, EXCEPT FOR TAXES ON INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY, AND HAS CONCLUDED THAT AS OF JUNE 30, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTION; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE">
      <NondiscriminatoryPolicyStmtInd>true</NondiscriminatoryPolicyStmtInd>
      <PolicyStmtInBrochuresEtcInd>true</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>true</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>true</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>true</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>true</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>true</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>false</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>false</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>false</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>false</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>false</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>false</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>false</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>false</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>true</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>false</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>true</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>CATALOGS, BROCHURES, NEWSPAPER ADVERTISEMENTS AND OTHER MEDIA ANNOUNCING PROGRAMS OR SOLICITING STUDENTS INCLUDE A SUMMARY STATEMENT ON THE NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6A LEHIGH UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL GRANT PROGRAMS INCLUDE THE PELL,SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, COLLEGE WORK STUDY, AND THE PERKINS LOAN PROGRAM. THE STATE PROGRAM IS THE PA HIGHER EDUCATION ASSISTANCE AGENCY PROGRAM. GRANTS ARE ALSO RECEIVED FROM VARIOUS OTHER STATES. IN ADDITION, THE UNIVERSITY IS AWARDED RESEARCH GRANTS AND OTHER PROJECT GRANTS BY VARIOUS FEDERAL AND STATE AGENCIES.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleE>
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      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
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        <RegionTxt>East Asia and the Pacific</RegionTxt>
        <EmployeeCnt>1</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>Fundraising</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Fundraising</SpecificServicesProvidedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>East Asia and the Pacific</RegionTxt>
        <TypeOfActivitiesConductedTxt>Investments</TypeOfActivitiesConductedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Europe (Including Iceland and Greenland)</RegionTxt>
        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Global Educ. Exper.</SpecificServicesProvidedTxt>
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        <RegionTxt>Middle East and North Africa</RegionTxt>
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        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Conference</SpecificServicesProvidedTxt>
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        <RegionTxt>Central America and the Caribbean</RegionTxt>
        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Research/Infrastr. Dev</SpecificServicesProvidedTxt>
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        <SpecificServicesProvidedTxt>Conference</SpecificServicesProvidedTxt>
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        <RegionTxt>North America</RegionTxt>
        <EmployeeCnt>1</EmployeeCnt>
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        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Conference</SpecificServicesProvidedTxt>
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        <RegionTxt>East Asia and the Pacific</RegionTxt>
        <EmployeeCnt>1</EmployeeCnt>
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        <SpecificServicesProvidedTxt>Global Educ. Exper.</SpecificServicesProvidedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>East Asia and the Pacific</RegionTxt>
        <EmployeeCnt>1</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Research/Infrastr. Dev</SpecificServicesProvidedTxt>
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      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>East Asia and the Pacific</RegionTxt>
        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Conference</SpecificServicesProvidedTxt>
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      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Europe (Including Iceland and Greenland)</RegionTxt>
        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Research</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>139000</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Europe (Including Iceland and Greenland)</RegionTxt>
        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Conference</SpecificServicesProvidedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Europe (Including Iceland and Greenland)</RegionTxt>
        <TypeOfActivitiesConductedTxt>Investments</TypeOfActivitiesConductedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Middle East and North Africa</RegionTxt>
        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Conference</SpecificServicesProvidedTxt>
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      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Middle East and North Africa</RegionTxt>
        <EmployeeCnt>1</EmployeeCnt>
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        <SpecificServicesProvidedTxt>Global Educ. Exper.</SpecificServicesProvidedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Middle East and North Africa</RegionTxt>
        <TypeOfActivitiesConductedTxt>Investments</TypeOfActivitiesConductedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>South Asia</RegionTxt>
        <TypeOfActivitiesConductedTxt>Fundraising</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Fundraising</SpecificServicesProvidedTxt>
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      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>South Asia</RegionTxt>
        <EmployeeCnt>1</EmployeeCnt>
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        <SpecificServicesProvidedTxt>Research/Infrastr. Dev</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>17000</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>South Asia</RegionTxt>
        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Global Educ. Exper.</SpecificServicesProvidedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>South America</RegionTxt>
        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Global Educ. Exper.</SpecificServicesProvidedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>South America</RegionTxt>
        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Research</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>16000</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
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        <RegionTxt>South America</RegionTxt>
        <TypeOfActivitiesConductedTxt>Investments</TypeOfActivitiesConductedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
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        <SpecificServicesProvidedTxt>Conference</SpecificServicesProvidedTxt>
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      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Central America and the Caribbean</RegionTxt>
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        <SpecificServicesProvidedTxt>Global Educ. Exper.</SpecificServicesProvidedTxt>
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      <AccountActivitiesOutsideUSGrp>
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        <SpecificServicesProvidedTxt>Global Educ. Exper.</SpecificServicesProvidedTxt>
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        <RegionTxt>North America</RegionTxt>
        <EmployeeCnt>1</EmployeeCnt>
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      </AccountActivitiesOutsideUSGrp>
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        <RegionTxt>Russia and Neighboring States</RegionTxt>
        <TypeOfActivitiesConductedTxt>Program Services</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>Global Educ. Exper.</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>13000</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Russia and Neighboring States</RegionTxt>
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        <SpecificServicesProvidedTxt>Conference</SpecificServicesProvidedTxt>
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      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Antarctica</RegionTxt>
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        <SpecificServicesProvidedTxt>Research</SpecificServicesProvidedTxt>
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      </AccountActivitiesOutsideUSGrp>
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        <RegionTxt>Central America and the Caribbean</RegionTxt>
        <TypeOfActivitiesConductedTxt>Investments</TypeOfActivitiesConductedTxt>
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      </AccountActivitiesOutsideUSGrp>
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        <RegionTxt>East Asia and the Pacific</RegionTxt>
        <TypeOfActivitiesConductedTxt>Investments</TypeOfActivitiesConductedTxt>
        <RegionTotalExpendituresAmt>1534000</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Europe (Including Iceland and Greenland)</RegionTxt>
        <TypeOfActivitiesConductedTxt>Investments</TypeOfActivitiesConductedTxt>
        <RegionTotalExpendituresAmt>14881000</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>North America</RegionTxt>
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      </AccountActivitiesOutsideUSGrp>
      <SubtotalEmployeesCnt>4</SubtotalEmployeesCnt>
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      <ContinuationSpentAmt>754031000</ContinuationSpentAmt>
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      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>SCHOLARSHIP</TypeOfAssistanceTxt>
        <RegionTxt>Central America and the Caribbean</RegionTxt>
        <RecipientCnt>5</RecipientCnt>
        <CashGrantAmt>66910</CashGrantAmt>
        <MannerOfCashDisbursementTxt>credit</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>SCHOLARSHIP</TypeOfAssistanceTxt>
        <RegionTxt>East Asia and the Pacific</RegionTxt>
        <RecipientCnt>45</RecipientCnt>
        <CashGrantAmt>692491</CashGrantAmt>
        <MannerOfCashDisbursementTxt>credit</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>SCHOLARSHIP</TypeOfAssistanceTxt>
        <RegionTxt>Europe (Including Iceland and Greenland)</RegionTxt>
        <RecipientCnt>28</RecipientCnt>
        <CashGrantAmt>893551</CashGrantAmt>
        <MannerOfCashDisbursementTxt>credit</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>SCHOLARSHIP</TypeOfAssistanceTxt>
        <RegionTxt>Middle East and North Africa</RegionTxt>
        <RecipientCnt>4</RecipientCnt>
        <CashGrantAmt>53765</CashGrantAmt>
        <MannerOfCashDisbursementTxt>credit</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>SCHOLARSHIP</TypeOfAssistanceTxt>
        <RegionTxt>North America</RegionTxt>
        <RecipientCnt>6</RecipientCnt>
        <CashGrantAmt>207921</CashGrantAmt>
        <MannerOfCashDisbursementTxt>credit</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>SCHOLARSHIP</TypeOfAssistanceTxt>
        <RegionTxt>Russia and the Newly Independent States</RegionTxt>
        <RecipientCnt>3</RecipientCnt>
        <CashGrantAmt>44777</CashGrantAmt>
        <MannerOfCashDisbursementTxt>credit</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>SCHOLARSHIP</TypeOfAssistanceTxt>
        <RegionTxt>South America</RegionTxt>
        <RecipientCnt>1</RecipientCnt>
        <CashGrantAmt>21119</CashGrantAmt>
        <MannerOfCashDisbursementTxt>credit</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>SCHOLARSHIP</TypeOfAssistanceTxt>
        <RegionTxt>South Asia</RegionTxt>
        <RecipientCnt>10</RecipientCnt>
        <CashGrantAmt>307050</CashGrantAmt>
        <MannerOfCashDisbursementTxt>credit</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>SCHOLARSHIP</TypeOfAssistanceTxt>
        <RegionTxt>Sub-Saharan Africa</RegionTxt>
        <RecipientCnt>12</RecipientCnt>
        <CashGrantAmt>475097</CashGrantAmt>
        <MannerOfCashDisbursementTxt>credit</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>FELLOWSHIP</TypeOfAssistanceTxt>
        <RegionTxt>East Asia and the Pacific</RegionTxt>
        <RecipientCnt>2</RecipientCnt>
        <CashGrantAmt>3291</CashGrantAmt>
        <MannerOfCashDisbursementTxt>check</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>FELLOWSHIP</TypeOfAssistanceTxt>
        <RegionTxt>Europe (Including Iceland and Greenland)</RegionTxt>
        <RecipientCnt>4</RecipientCnt>
        <CashGrantAmt>39596</CashGrantAmt>
        <MannerOfCashDisbursementTxt>check</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>FELLOWSHIP</TypeOfAssistanceTxt>
        <RegionTxt>Sub-Saharan Africa</RegionTxt>
        <RecipientCnt>2</RecipientCnt>
        <CashGrantAmt>3872</CashGrantAmt>
        <MannerOfCashDisbursementTxt>check</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>FELLOWSHIP</TypeOfAssistanceTxt>
        <RegionTxt>South Asia</RegionTxt>
        <RecipientCnt>2</RecipientCnt>
        <CashGrantAmt>4877</CashGrantAmt>
        <MannerOfCashDisbursementTxt>check</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>FELLOWSHIP</TypeOfAssistanceTxt>
        <RegionTxt>South America</RegionTxt>
        <RecipientCnt>1</RecipientCnt>
        <CashGrantAmt>484</CashGrantAmt>
        <MannerOfCashDisbursementTxt>check</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <ForeignIndividualsGrantsGrp>
        <TypeOfAssistanceTxt>FELLOWSHIP</TypeOfAssistanceTxt>
        <RegionTxt>Middle East and North Africa</RegionTxt>
        <RecipientCnt>1</RecipientCnt>
        <CashGrantAmt>2700</CashGrantAmt>
        <MannerOfCashDisbursementTxt>CHECK</MannerOfCashDisbursementTxt>
        <DescriptionOfNonCashAsstTxt>NONE</DescriptionOfNonCashAsstTxt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
      </ForeignIndividualsGrantsGrp>
      <TransferToForeignCorpInd>true</TransferToForeignCorpInd>
      <InterestInForeignTrustInd>false</InterestInForeignTrustInd>
      <ForeignCorpOwnershipInd>true</ForeignCorpOwnershipInd>
      <PassiveForeignInvestmestCoInd>true</PassiveForeignInvestmestCoInd>
      <ForeignPartnershipInd>true</ForeignPartnershipInd>
      <BoycottCountriesInd>true</BoycottCountriesInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I</FormAndLineReferenceDesc>
        <ExplanationTxt>INVESTMENT MANAGEMENT EXPENSES AND THE BOOK VALUE OF INVESTMENTS ARE REPORTED SEPARATELY FOR EACH REGION. PART III NOTE THAT FOREIGN INDIVIDUALS ARE DEFINED AS THOSE LIVING OUTSIDE THE U.S. AT THE TIME THE AID WAS AWARDED. THE ABOVE IS A BEST ESTIMATE BASED ON CERTAIN ASSUMPTIONS REGARDING WHERE PERSONS WERE LIVING WHEN THE AID WAS AWARDED AND DOES NOT REPRESENT THE DEGREE TO WHICH AID IS AWARDED TO INTERNATIONAL STUDENTS. PART I, QUESTION 3 ACTIVITIES AND EXPENDITURES OUTSIDE THE U.S. HAVE BEEN IDENTIFIED ON A REASONABLE EFFORTS BASIS WHERE SUCH ACTIVITIES WERE NOT TRACKED SEPARATELY UNDER THE UNIVERSITY'S ACCOUNTING PROCEDURES. THESE REASONABLE EFFORTS INCLUDED REVIEWS OF FINANCIAL RECORDS, INTERVIEWS WITH UNIVERSITY PERSONNEL, REVIEW OF THE UNIVERSITY'S WEBSITE AND PUBLICATIONS, ETC. EXPENDITURES OUTSIDE THE U.S. ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING AS ARE THE FINANCIAL STATEMENTS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleF>
    <IRS990ScheduleG documentId="IRS990ScheduleG">
      <MailSolicitationsInd>X</MailSolicitationsInd>
      <EmailSolicitationsInd>X</EmailSolicitationsInd>
      <PhoneSolicitationsInd>X</PhoneSolicitationsInd>
      <InPersonSolicitationsInd>X</InPersonSolicitationsInd>
      <SolicitationOfNonGovtGrantsInd>X</SolicitationOfNonGovtGrantsInd>
      <SolicitationOfGovtGrantsInd>X</SolicitationOfGovtGrantsInd>
      <SpecialFundraisingEventsInd>X</SpecialFundraisingEventsInd>
      <AgrmtProfFundraisingActyInd>true</AgrmtProfFundraisingActyInd>
      <FundraiserActivityInfoGrp>
        <PersonNm>THINK BROWNSTONE INC</PersonNm>
        <USAddress>
          <AddressLine1>201 FAYETTE ST 2ND FLOOR</AddressLine1>
          <City>CONSHOHOCKEN</City>
          <State>PA</State>
          <ZIPCode>19428</ZIPCode>
        </USAddress>
        <ActivityTxt>Campaign strategy</ActivityTxt>
        <FundraiserControlOfFundsInd>false</FundraiserControlOfFundsInd>
        <RetainedByContractorAmt>34000</RetainedByContractorAmt>
      </FundraiserActivityInfoGrp>
      <FundraiserActivityInfoGrp>
        <PersonNm>THE NAPA GROUP</PersonNm>
        <USAddress>
          <AddressLine1>39 PEARL COURT</AddressLine1>
          <City>NOVATO</City>
          <State>CA</State>
          <ZIPCode>94947</ZIPCode>
        </USAddress>
        <ActivityTxt>Campaign strategy</ActivityTxt>
        <FundraiserControlOfFundsInd>false</FundraiserControlOfFundsInd>
        <RetainedByContractorAmt>62444</RetainedByContractorAmt>
      </FundraiserActivityInfoGrp>
      <FundraiserActivityInfoGrp>
        <PersonNm>PENTERA INC</PersonNm>
        <USAddress>
          <AddressLine1>8650 COMMERCE PARK PLACE SUITE G</AddressLine1>
          <City>INDIANAPOLIS</City>
          <State>IN</State>
          <ZIPCode>46268</ZIPCode>
        </USAddress>
        <ActivityTxt>MARKETING CONSULTING</ActivityTxt>
        <FundraiserControlOfFundsInd>false</FundraiserControlOfFundsInd>
        <RetainedByContractorAmt>5000</RetainedByContractorAmt>
      </FundraiserActivityInfoGrp>
      <TotalRetainedByContractorsAmt>101444</TotalRetainedByContractorsAmt>
      <LicensedStatesCd>AK</LicensedStatesCd>
      <LicensedStatesCd>AZ</LicensedStatesCd>
      <LicensedStatesCd>CO</LicensedStatesCd>
      <LicensedStatesCd>CT</LicensedStatesCd>
      <LicensedStatesCd>DC</LicensedStatesCd>
      <LicensedStatesCd>KY</LicensedStatesCd>
      <LicensedStatesCd>ME</LicensedStatesCd>
      <LicensedStatesCd>MD</LicensedStatesCd>
      <LicensedStatesCd>MA</LicensedStatesCd>
      <LicensedStatesCd>MI</LicensedStatesCd>
      <LicensedStatesCd>MN</LicensedStatesCd>
      <LicensedStatesCd>MS</LicensedStatesCd>
      <LicensedStatesCd>MO</LicensedStatesCd>
      <LicensedStatesCd>NH</LicensedStatesCd>
      <LicensedStatesCd>NY</LicensedStatesCd>
      <LicensedStatesCd>OR</LicensedStatesCd>
      <LicensedStatesCd>PA</LicensedStatesCd>
      <LicensedStatesCd>SC</LicensedStatesCd>
      <LicensedStatesCd>UT</LicensedStatesCd>
      <LicensedStatesCd>VA</LicensedStatesCd>
      <LicensedStatesCd>WA</LicensedStatesCd>
      <FundraisingEventInformationGrp>
        <NameOfEvent1Amt>GOLF TOURNAMENT</NameOfEvent1Amt>
        <GrossReceiptsEvent1Amt>44250</GrossReceiptsEvent1Amt>
        <CharitableContriEvent1Amt>21850</CharitableContriEvent1Amt>
        <GrossRevenueEvent1Amt>22400</GrossRevenueEvent1Amt>
        <NonCashPrizesEvent1Amt>5010</NonCashPrizesEvent1Amt>
        <RentFacilityCostsEvent1Amt>15810</RentFacilityCostsEvent1Amt>
        <FoodAndBeverageEvent1Amt>7854</FoodAndBeverageEvent1Amt>
        <OtherDirectExpensesEvent1Amt>3665</OtherDirectExpensesEvent1Amt>
        <NameOfEvent2Amt>ARTS GALA</NameOfEvent2Amt>
        <GrossReceiptsEvent2Amt>371607</GrossReceiptsEvent2Amt>
        <CharitableContriEvent2Amt>218164</CharitableContriEvent2Amt>
        <GrossRevenueEvent2Amt>153443</GrossRevenueEvent2Amt>
        <RentFacilityCostsEvent2Amt>7282</RentFacilityCostsEvent2Amt>
        <FoodAndBeverageEvent2Amt>84078</FoodAndBeverageEvent2Amt>
        <EntertainmentEvent2Amt>71965</EntertainmentEvent2Amt>
        <OtherDirectExpensesEvent2Amt>46890</OtherDirectExpensesEvent2Amt>
        <OtherEventsTotalCnt>1</OtherEventsTotalCnt>
        <GrossReceiptsOtherEventsAmt>5095</GrossReceiptsOtherEventsAmt>
        <CharitableContriOtherEventsAmt>2330</CharitableContriOtherEventsAmt>
        <GrossRevenueOtherEventsAmt>2765</GrossRevenueOtherEventsAmt>
        <OthDirectExpnssOtherEventsAmt>1129</OthDirectExpnssOtherEventsAmt>
        <GrossReceiptsTotalAmt>420952</GrossReceiptsTotalAmt>
        <CharitableContributionsTotAmt>242344</CharitableContributionsTotAmt>
        <GrossRevenueTotalEventsAmt>178608</GrossRevenueTotalEventsAmt>
        <NonCashPrizesTotalEventsAmt>5010</NonCashPrizesTotalEventsAmt>
        <RentFcltyCostsTotalEventsAmt>23092</RentFcltyCostsTotalEventsAmt>
        <FoodAndBeverageTotalEventsAmt>91932</FoodAndBeverageTotalEventsAmt>
        <EntertainmentTotalEventsAmt>71965</EntertainmentTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>51684</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>243683</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>-65075</NetIncomeSummaryAmt>
      </FundraisingEventInformationGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I</FormAndLineReferenceDesc>
        <ExplanationTxt>2B (IV) PROFESSIONAL FUNDRAISING ASSISTANCE WAS NOT CONNECTED WITH ANY PARTICULAR FUNDRAISING CAMPAIGN AND WE ARE CURRENTLY UNABLE TO TRACK THE REVENUE ASSOCIATED WITH THE PROFESSIONAL FUNDRAISERS' ASSISTANCE.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>CARNEGIE MELLON UNIVERSITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 371032</AddressLine1>
          <City>PITTSBURGH</City>
          <State>PA</State>
          <ZIPCode>15250</ZIPCode>
        </USAddress>
        <RecipientEIN>250969449</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>1032038</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>COMMUNITY SERVICES FOR CHILDREN INC</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>1520 HANOVER AVENUE</AddressLine1>
          <City>ALLENTOWN</City>
          <State>PA</State>
          <ZIPCode>18109</ZIPCode>
        </USAddress>
        <RecipientEIN>232204725</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>10460</CashGrantAmt>
        <PurposeOfGrantTxt>RESEARCH</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>CHILDRENS HOSPITAL OF PHILADELPHIA</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 8500 RESEARCH INSTITUTE</AddressLine1>
          <City>PHILA</City>
          <State>PA</State>
          <ZIPCode>191781457</ZIPCode>
        </USAddress>
        <RecipientEIN>231352166</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>73130</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>CORNELL UNIVERSITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 22</AddressLine1>
          <City>ITHACA</City>
          <State>NY</State>
          <ZIPCode>148510022</ZIPCode>
        </USAddress>
        <RecipientEIN>150532082</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>166618</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>DAVINCI DISCOVERY CENTER OF SCIENCE &amp; TECHNOLOGY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>3145 HAMILTON BYPASS</AddressLine1>
          <City>ALLENTOWN</City>
          <State>PA</State>
          <ZIPCode>18103</ZIPCode>
        </USAddress>
        <RecipientEIN>232824084</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>24439</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>DREXEL UNIVERSITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 95000</AddressLine1>
          <City>PHILADELPHIA</City>
          <State>PA</State>
          <ZIPCode>191951090</ZIPCode>
        </USAddress>
        <RecipientEIN>231352630</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>51084</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>DUKE UNIVERSITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>POBOX 602651</AddressLine1>
          <City>CHARLOTTE</City>
          <State>NC</State>
          <ZIPCode>282602651</ZIPCode>
        </USAddress>
        <RecipientEIN>560532129</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>26449</CashGrantAmt>
        <PurposeOfGrantTxt>RESEARCH</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>KUTZTOWN UNIVERSITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 730</AddressLine1>
          <City>KUTZTOWN</City>
          <State>PA</State>
          <ZIPCode>19530</ZIPCode>
        </USAddress>
        <RecipientEIN>232710197</RecipientEIN>
        <CashGrantAmt>13025</CashGrantAmt>
        <PurposeOfGrantTxt>RESEARCH</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>MIAMI UNIVERSITY OF OHIO</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>501 EAST HIGH STREET</AddressLine1>
          <City>OXFORD</City>
          <State>OH</State>
          <ZIPCode>45056</ZIPCode>
        </USAddress>
        <RecipientEIN>316402089</RecipientEIN>
        <CashGrantAmt>6379</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>NASSP</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 3250</AddressLine1>
          <City>RESTON</City>
          <State>VA</State>
          <ZIPCode>201951250</ZIPCode>
        </USAddress>
        <RecipientEIN>526006937</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>47843</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>PENNSYLVANIA STATE UNIVERSITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>227 W BEAVER AVE</AddressLine1>
          <City>STATE COLLEGE</City>
          <State>PA</State>
          <ZIPCode>16801</ZIPCode>
        </USAddress>
        <RecipientEIN>246000376</RecipientEIN>
        <CashGrantAmt>285377</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>SYRACUSE UNIVERSITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>102 ARCHBOLD GYMNASIUM</AddressLine1>
          <City>SYRACUSE</City>
          <State>NY</State>
          <ZIPCode>132441140</ZIPCode>
        </USAddress>
        <RecipientEIN>150532081</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>79640</CashGrantAmt>
        <PurposeOfGrantTxt>RESEARCH</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>UNIVERSITY OF MISSOURI</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 807012</AddressLine1>
          <City>KANSAS CITY</City>
          <State>MO</State>
          <ZIPCode>641807012</ZIPCode>
        </USAddress>
        <RecipientEIN>436003859</RecipientEIN>
        <CashGrantAmt>290533</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>UC REGENTS</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>9500 GILMAN DR</AddressLine1>
          <City>LA JOLLA</City>
          <State>CA</State>
          <ZIPCode>920930009</ZIPCode>
        </USAddress>
        <RecipientEIN>956006142</RecipientEIN>
        <CashGrantAmt>275152</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>OHIO UNIVERSITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>WEST UNION ST OFFICE CTR</AddressLine1>
          <City>ATHENS</City>
          <State>OH</State>
          <ZIPCode>45701</ZIPCode>
        </USAddress>
        <RecipientEIN>316402113</RecipientEIN>
        <CashGrantAmt>268461</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>UNIVERSITY OF DELAWARE</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>116 STUDENT SERVICES BLDG</AddressLine1>
          <City>NEWARK</City>
          <State>DE</State>
          <ZIPCode>19716</ZIPCode>
        </USAddress>
        <RecipientEIN>516000297</RecipientEIN>
        <IRCSectionDesc>501(c)(3)</IRCSectionDesc>
        <CashGrantAmt>41718</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>UNIVERSITY OF HOUSTON SYSTEM</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 988</AddressLine1>
          <City>HOUSTON</City>
          <State>TX</State>
          <ZIPCode>770010988</ZIPCode>
        </USAddress>
        <RecipientEIN>746001399</RecipientEIN>
        <CashGrantAmt>208595</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>UNIVERSITY OF KANSAS</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>2385 IRVING HILL RD</AddressLine1>
          <City>LAWRENCE</City>
          <State>KS</State>
          <ZIPCode>660457568</ZIPCode>
        </USAddress>
        <RecipientEIN>480680117</RecipientEIN>
        <CashGrantAmt>173000</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>UTAH STATE UNIVERSITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>2400 OLD MAIN HILL</AddressLine1>
          <City>LOGAN</City>
          <State>UT</State>
          <ZIPCode>843222400</ZIPCode>
        </USAddress>
        <RecipientEIN>876000528</RecipientEIN>
        <CashGrantAmt>54895</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>TEMPLE UNIVERSITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 824242</AddressLine1>
          <City>PHILADELPHIA</City>
          <State>PA</State>
          <ZIPCode>191824242</ZIPCode>
        </USAddress>
        <RecipientEIN>231365971</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>40103</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>TUSKEGEE UNIVERSITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>1200 W MONTGOMERY ROAD</AddressLine1>
          <City>TUSKEGEE</City>
          <State>AL</State>
          <ZIPCode>36088</ZIPCode>
        </USAddress>
        <RecipientEIN>630288878</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>34743</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>UNIVERSITY OF SOUTH CAROLINA RESEARCH FOUNDATION</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 751475</AddressLine1>
          <City>CHARLOTTE</City>
          <State>NC</State>
          <ZIPCode>282751475</ZIPCode>
        </USAddress>
        <RecipientEIN>570967350</RecipientEIN>
        <CashGrantAmt>265781</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>UNIVERSITY OF ILLINOIS</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 4610</AddressLine1>
          <City>SPRINGFIELD</City>
          <State>IL</State>
          <ZIPCode>627084610</ZIPCode>
        </USAddress>
        <RecipientEIN>376000511</RecipientEIN>
        <CashGrantAmt>175503</CashGrantAmt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>UNIVERSITY OF PITTSBURGH</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 371220</AddressLine1>
          <City>PITTSBURGH</City>
          <State>PA</State>
          <ZIPCode>152517220</ZIPCode>
        </USAddress>
        <RecipientEIN>250965591</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>38809</CashGrantAmt>
      </RecipientTable>
      <Total501c3OrgCnt>24</Total501c3OrgCnt>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>CARNEGIE MELLON UNIVERSITY</GrantTypeTxt>
        <CashGrantAmt>1032038</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>SCHOLARSHIPS AND FELLOWSHIPS</GrantTypeTxt>
        <RecipientCnt>4202</RecipientCnt>
        <CashGrantAmt>80772921</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>INDIVIDUALS IN THE U.S. ARE DEFINED AS THOSE LIVING IN THE U.S. AT THE TIME THE AID WAS AWARDED. THE ABOVE IS A BEST ESTIMATE BASED ON CERTAIN ASSUMPTIONS REGARDING WHERE PERSONS WERE LIVING WHEN THE AID WAS AWARDED AND DOES NOT REPRESENT THE DEGREE TO WHICH AID IS AWARDED TO INTERNATIONAL STUDENTS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I</FormAndLineReferenceDesc>
        <ExplanationTxt>Subrecipient grants - Lehigh University maintains a policy defining its procedures for monitoring the use of sponsored funds by subrecipients who are performing a portion of a sponsored project externally awarded to Lehigh. The policy provides guidance to ensure that subrecipients conduct their portions of sponsored projects in compliance with laws, regulations, terms and conditions of awards and subawards, and that reimbursed costs incurred by subrecipients are allowed. Other Assistance - Assistance offered from instititional funds by Lehigh to our students is awarded on the basis of merit and/or financial need. The selection criteria is based on the calculated expected family contribution, which is derived by using complex formulas involving families' income, assets, and household sizes. The student financial aid office administers and monitors these grants using system-generated reviews, along with cross checks on an ad hoc basis. Results from these reviews are regularly evaluated. Subsequently, follow-up corrective actions are taken when appropriate, and potentially include award revisions or cancellations. These provisions are designed to help ensure that student assistance funds are awarded to eligible recipients, in accordance with applicable federal, state, institutional, and other program legislation, as well as relevant internal university policies and operational guidelines.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <HousingAllowanceOrResidenceInd>X</HousingAllowanceOrResidenceInd>
      <ClubDuesOrFeesInd>X</ClubDuesOrFeesInd>
      <PersonalServicesInd>X</PersonalServicesInd>
      <WrittenPolicyRefTAndEExpnssInd>true</WrittenPolicyRefTAndEExpnssInd>
      <SubstantiationRequiredInd>true</SubstantiationRequiredInd>
      <CompensationCommitteeInd>X</CompensationCommitteeInd>
      <IndependentConsultantInd>X</IndependentConsultantInd>
      <WrittenEmploymentContractInd>X</WrittenEmploymentContractInd>
      <CompensationSurveyInd>X</CompensationSurveyInd>
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>true</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>true</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>true</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>ALICE P GAST</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <BaseCompensationFilingOrgAmt>817974</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>50288</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>74263</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>55807</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>998332</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>PATRICK V FARRELL</PersonNm>
        <TitleTxt>PROVOST</TitleTxt>
        <BaseCompensationFilingOrgAmt>452526</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>2038</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>28585</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>17058</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>500207</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>FRANK A ROTH</PersonNm>
        <TitleTxt>GENERAL COUNSEL, SECRETARY</TitleTxt>
        <BaseCompensationFilingOrgAmt>339954</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>3199</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>28585</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>15710</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>387448</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MARGARET F PLYMPTON</PersonNm>
        <TitleTxt>VP FINANCE AND ADMINISTRATION</TitleTxt>
        <BaseCompensationFilingOrgAmt>196302</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>159329</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>28585</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>6416</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>390632</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DENISE M BLEW</PersonNm>
        <TitleTxt>AVP FINANCE, ASST SEC, TREAS</TitleTxt>
        <BaseCompensationFilingOrgAmt>227727</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>893</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>25669</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>19929</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>274218</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>PETER M GILBERT</PersonNm>
        <TitleTxt>CHIEF INVESTMENT OFFICER</TitleTxt>
        <BaseCompensationFilingOrgAmt>438474</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>353028</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>5974</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>28585</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>16198</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>842259</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>SZU-YUNG DAVID WU</PersonNm>
        <TitleTxt>DEAN, PC ROSSIN COLLEGE OF ENG</TitleTxt>
        <BaseCompensationFilingOrgAmt>301730</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>4110</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>28585</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>20482</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>354907</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DONALD E HALL</PersonNm>
        <TitleTxt>DEAN, COLLEGE OF ARTS &amp; SCIENC</TitleTxt>
        <BaseCompensationFilingOrgAmt>260977</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>544</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>28585</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>12654</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>302760</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>PAUL BROCKMAN</PersonNm>
        <TitleTxt>PROFESSOR</TitleTxt>
        <BaseCompensationFilingOrgAmt>343559</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>4076</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>28585</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>12844</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>389064</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MOHAMED EL-AASSER</PersonNm>
        <TitleTxt>VP INTERNATIONAL AFFAIRS</TitleTxt>
        <BaseCompensationFilingOrgAmt>373875</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>17304</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>28585</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>13336</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>433100</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>COREY GALSTAN</PersonNm>
        <TitleTxt>DIRECTOR PUBLIC MKT INVEST.</TitleTxt>
        <BaseCompensationFilingOrgAmt>236714</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>127947</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>274</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>26963</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>12508</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>404406</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>JOSEPH P KENDER</PersonNm>
        <TitleTxt>VP, ADVANCEMENT</TitleTxt>
        <BaseCompensationFilingOrgAmt>330413</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>4550</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>28585</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>18117</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>381665</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>JENNIFER B SASSANI</PersonNm>
        <TitleTxt>DIRECTOR - ALTERNATIVE INVEST.</TitleTxt>
        <BaseCompensationFilingOrgAmt>264393</BaseCompensationFilingOrgAmt>
        <BonusFilingOrganizationAmount>170385</BonusFilingOrganizationAmount>
        <OtherCompensationFilingOrgAmt>1231</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>28585</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>17776</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>482370</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>ANNE S MELTZER</PersonNm>
        <TitleTxt>PROFESSOR</TitleTxt>
        <BaseCompensationFilingOrgAmt>212273</BaseCompensationFilingOrgAmt>
        <OtherCompensationFilingOrgAmt>2078</OtherCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>24553</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>6552</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>245456</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 1A</FormAndLineReferenceDesc>
        <ExplanationTxt>HOUSING ALLOWANCE: THE AMOUNT REPORTED IN COLUMN D OF PART II FOR ALICE GAST INCLUDES THE ESTIMATED ANNUAL LEASE VALUE FOR THE PRESIDENT'S HOUSE. THE PRESIDENT IS REQUIRED TO RESIDE IN A HOUSE ON CAMPUS. THE PRESIDENT'S HOUSE SERVES NOT ONLY AS A RESIDENCE, BUT ALSO AS A HOST LOCATION FOR MANY UNIVERSITY EVENTS. CLEANING SERVICES ARE ALSO PROVIDED FOR THE HOUSE. CLUB DUES AND INITIATION FEES: LEHIGH UNIVERSITY OFFERS A SUBSIDY OF COUNTRY CLUB INITIATION AND MEMBERSHIP DUES TO ELIGIBLE EMPLOYEES IN KEY POSITIONS FOR THE PURPOSE OF FUNDRAISING AND DONOR RELATION ACTIVITIES. THE TERMS OF THE SUBSIDY PROGRAM WERE APPROVED BY THE BOARD OF TRUSTEES COMPENSATION SUBCOMMITTEE. THE PRESIDENT RECEIVES A FULL SUBSIDY AND THE VICE PRESIDENT OF ADVANCEMENT RECEIVES A LIMITED SUBSIDY. ANY PERSONAL USE OF THE SOCIAL CLUB FACILITIES IS REPORTED AS TAXABLE COMPENSATION. PERSONAL SERVICES: THE UNIVERSITY PROVIDES THE SERVICES OF A DRIVER FOR BUSINESS TRANSPORTATION FOR THE PRESIDENT, TRUSTEES, VISITING DIGNITARIES AND OTHER SENIOR UNIVERSITY LEADERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>IN CALENDAR YEAR 2013, THE UNIVERSITY'S PRESIDENT PARTICIPATED IN A 457 (F) PLAN. IN KEEPING WITH THE UNIVERSITY POLICY FOR ALL OF THE PRESIDENT'S COMPENSATION AND BENEFITS, THE TERMS OF THIS PLAN WERE APPROVED BY THE BOARD OF TRUSTEES COMPENSATION SUBCOMMITTEE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 7</FormAndLineReferenceDesc>
        <ExplanationTxt>CERTAIN STAFF IN THE UNIVERSITY'S INVESTMENT OFFICE ARE ELIGIBLE FOR BONUS COMPENSATION THAT IS BASED UPON THE UNIVERSITY'S ENDOWMENT PERFORMANCE. THE CRITERIA FOR SUCH COMPENSATION IS ESTABLISHED BY THE COMPENSATION SUBCOMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES IN CONSULTATION WITH THE INVESTMENT SUBCOMMITTEE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART 1, LINE 4C</FormAndLineReferenceDesc>
        <ExplanationTxt>SEVERANCE PAYMENT OF $143,500 WAS MADE TO MARGARET PLYMPTON UNDER THE TERMS OF HER SEPARATION AGREEMENT WITH THE UNIVERSITY.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleJ>
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        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>NORTHAMPTON COUNTY GENERAL PURPOSE AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <BondIssuerEIN>233007498</BondIssuerEIN>
        <CUSIPNum>663507BY6</CUSIPNum>
        <BondIssuedDt>2004-05-19</BondIssuedDt>
        <IssuePriceAmt>50000000</IssuePriceAmt>
        <PurposeDesc>VARIOUS CAPITAL PROJECTS</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
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      <TaxExemptBondsIssuesGrp>
        <BondReferenceCd>B</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>NORTHAMPTON COUNTY GENERAL PURPOSE AUTHORITY</BusinessNameLine1>
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        <CUSIPNum>663540JB9</CUSIPNum>
        <BondIssuedDt>2006-08-24</BondIssuedDt>
        <IssuePriceAmt>47000000</IssuePriceAmt>
        <PurposeDesc>REFUND 10/31/96 BONDS AND CAPITAL</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
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      <TaxExemptBondsIssuesGrp>
        <BondReferenceCd>C</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>NORTHAMPTON COUNTY GENERAL PURPOSE AUTHORITY</BusinessNameLine1>
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        <BondIssuerEIN>233007498</BondIssuerEIN>
        <CUSIPNum>663507BZ3</CUSIPNum>
        <BondIssuedDt>2007-02-01</BondIssuedDt>
        <IssuePriceAmt>53931267</IssuePriceAmt>
        <PurposeDesc>REFUND 8/24/06 AND 1/19/00 BONDS</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
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      <TaxExemptBondsIssuesGrp>
        <BondReferenceCd>D</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>NORTHAMPTON COUNTY GENERAL PURPOSE AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <BondIssuerEIN>233007498</BondIssuerEIN>
        <CUSIPNum>665307CJ8</CUSIPNum>
        <BondIssuedDt>2009-03-19</BondIssuedDt>
        <IssuePriceAmt>66165000</IssuePriceAmt>
        <PurposeDesc>STEPS BUILDING &amp; VARIOUS CAPITAL P</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <RetiredAmt>0</RetiredAmt>
        <BondDefeasedAmt>0</BondDefeasedAmt>
        <TotalProceedsAmt>50397724</TotalProceedsAmt>
        <InReserveFundAmt>0</InReserveFundAmt>
        <CapitalizedInterestAmt>0</CapitalizedInterestAmt>
        <RefundingEscrowAmt>0</RefundingEscrowAmt>
        <IssuanceCostsFromProceedsAmt>484773</IssuanceCostsFromProceedsAmt>
        <CreditEnhancementAmt>0</CreditEnhancementAmt>
        <WorkingCapitalExpendituresAmt>0</WorkingCapitalExpendituresAmt>
        <CapitalExpendituresAmt>49912951</CapitalExpendituresAmt>
        <OtherSpentProceedsAmt>0</OtherSpentProceedsAmt>
        <UnspentAmt>0</UnspentAmt>
        <SubstantialCompletionYr>2004</SubstantialCompletionYr>
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        <AdvanceRefundingInd>false</AdvanceRefundingInd>
        <FinalAllocationMadeInd>true</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
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      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>B</BondReferenceCd>
        <RetiredAmt>0</RetiredAmt>
        <BondDefeasedAmt>0</BondDefeasedAmt>
        <TotalProceedsAmt>47249418</TotalProceedsAmt>
        <InReserveFundAmt>0</InReserveFundAmt>
        <CapitalizedInterestAmt>0</CapitalizedInterestAmt>
        <RefundingEscrowAmt>0</RefundingEscrowAmt>
        <IssuanceCostsFromProceedsAmt>496825</IssuanceCostsFromProceedsAmt>
        <CreditEnhancementAmt>0</CreditEnhancementAmt>
        <WorkingCapitalExpendituresAmt>0</WorkingCapitalExpendituresAmt>
        <CapitalExpendituresAmt>30752593</CapitalExpendituresAmt>
        <OtherSpentProceedsAmt>16000000</OtherSpentProceedsAmt>
        <UnspentAmt>0</UnspentAmt>
        <SubstantialCompletionYr>2006</SubstantialCompletionYr>
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        <AdvanceRefundingInd>false</AdvanceRefundingInd>
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      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>C</BondReferenceCd>
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        <BondDefeasedAmt>0</BondDefeasedAmt>
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        <RefundingEscrowAmt>0</RefundingEscrowAmt>
        <IssuanceCostsFromProceedsAmt>754219</IssuanceCostsFromProceedsAmt>
        <CreditEnhancementAmt>0</CreditEnhancementAmt>
        <WorkingCapitalExpendituresAmt>0</WorkingCapitalExpendituresAmt>
        <CapitalExpendituresAmt>0</CapitalExpendituresAmt>
        <OtherSpentProceedsAmt>53177048</OtherSpentProceedsAmt>
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        <SubstantialCompletionYr>2006</SubstantialCompletionYr>
        <CurrentRefundingInd>true</CurrentRefundingInd>
        <AdvanceRefundingInd>false</AdvanceRefundingInd>
        <FinalAllocationMadeInd>true</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>D</BondReferenceCd>
        <RetiredAmt>0</RetiredAmt>
        <BondDefeasedAmt>0</BondDefeasedAmt>
        <TotalProceedsAmt>65050175</TotalProceedsAmt>
        <InReserveFundAmt>0</InReserveFundAmt>
        <CapitalizedInterestAmt>0</CapitalizedInterestAmt>
        <RefundingEscrowAmt>0</RefundingEscrowAmt>
        <IssuanceCostsFromProceedsAmt>855059</IssuanceCostsFromProceedsAmt>
        <CreditEnhancementAmt>0</CreditEnhancementAmt>
        <WorkingCapitalExpendituresAmt>0</WorkingCapitalExpendituresAmt>
        <CapitalExpendituresAmt>64195116</CapitalExpendituresAmt>
        <OtherSpentProceedsAmt>0</OtherSpentProceedsAmt>
        <UnspentAmt>0</UnspentAmt>
        <SubstantialCompletionYr>2009</SubstantialCompletionYr>
        <CurrentRefundingInd>false</CurrentRefundingInd>
        <AdvanceRefundingInd>false</AdvanceRefundingInd>
        <FinalAllocationMadeInd>true</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>true</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>true</MgmtContractBondFincdPropInd>
        <EngageBondCounselContractsInd>true</EngageBondCounselContractsInd>
        <AnyResearchAgreementsInd>true</AnyResearchAgreementsInd>
        <EngageBondCounselResearchInd>false</EngageBondCounselResearchInd>
        <PrivateBusUseByOthersPct>0.02100</PrivateBusUseByOthersPct>
        <PrivateBusConcerningUBIPct>0.00300</PrivateBusConcerningUBIPct>
        <TotalPrivateBusinessUsePct>0.02400</TotalPrivateBusinessUsePct>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <RemedialActionTakenInd>false</RemedialActionTakenInd>
        <ProcsNonqualifiedBondRemdtdInd>true</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>B</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>true</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>true</MgmtContractBondFincdPropInd>
        <EngageBondCounselContractsInd>true</EngageBondCounselContractsInd>
        <AnyResearchAgreementsInd>true</AnyResearchAgreementsInd>
        <EngageBondCounselResearchInd>false</EngageBondCounselResearchInd>
        <PrivateBusUseByOthersPct>0.01600</PrivateBusUseByOthersPct>
        <PrivateBusConcerningUBIPct>0.00500</PrivateBusConcerningUBIPct>
        <TotalPrivateBusinessUsePct>0.02100</TotalPrivateBusinessUsePct>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <RemedialActionTakenInd>false</RemedialActionTakenInd>
        <ProcsNonqualifiedBondRemdtdInd>true</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>C</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>true</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>true</MgmtContractBondFincdPropInd>
        <EngageBondCounselContractsInd>true</EngageBondCounselContractsInd>
        <AnyResearchAgreementsInd>true</AnyResearchAgreementsInd>
        <EngageBondCounselResearchInd>false</EngageBondCounselResearchInd>
        <PrivateBusUseByOthersPct>0.01200</PrivateBusUseByOthersPct>
        <PrivateBusConcerningUBIPct>0.00200</PrivateBusConcerningUBIPct>
        <TotalPrivateBusinessUsePct>0.01400</TotalPrivateBusinessUsePct>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <RemedialActionTakenInd>false</RemedialActionTakenInd>
        <ProcsNonqualifiedBondRemdtdInd>true</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>D</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>true</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>true</MgmtContractBondFincdPropInd>
        <EngageBondCounselContractsInd>true</EngageBondCounselContractsInd>
        <AnyResearchAgreementsInd>true</AnyResearchAgreementsInd>
        <EngageBondCounselResearchInd>false</EngageBondCounselResearchInd>
        <PrivateBusUseByOthersPct>0.02000</PrivateBusUseByOthersPct>
        <PrivateBusConcerningUBIPct>0.00500</PrivateBusConcerningUBIPct>
        <TotalPrivateBusinessUsePct>0.02500</TotalPrivateBusinessUsePct>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <RemedialActionTakenInd>false</RemedialActionTakenInd>
        <ProcsNonqualifiedBondRemdtdInd>true</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>false</NoRebateDueInd>
        <VariableRateIssueInd>true</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>true</HedgeIdentifiedInBksAndRecInd>
        <HedgeProviderName>
          <BusinessNameLine1>LEHMAN BROS SPEC FIN</BusinessNameLine1>
        </HedgeProviderName>
        <TermOfHedgePct>26.</TermOfHedgePct>
        <SuperintegratedHedgeInd>false</SuperintegratedHedgeInd>
        <HedgeTerminatedInd>true</HedgeTerminatedInd>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GICProviderName>
          <BusinessNameLine1>0</BusinessNameLine1>
        </GICProviderName>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
      </TaxExemptBondsArbitrageGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>B</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>false</NoRebateDueInd>
        <VariableRateIssueInd>true</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <HedgeProviderName>
          <BusinessNameLine1>0</BusinessNameLine1>
        </HedgeProviderName>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GICProviderName>
          <BusinessNameLine1>0</BusinessNameLine1>
        </GICProviderName>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
      </TaxExemptBondsArbitrageGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>C</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>false</NoRebateDueInd>
        <VariableRateIssueInd>true</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <HedgeProviderName>
          <BusinessNameLine1>0</BusinessNameLine1>
        </HedgeProviderName>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GICProviderName>
          <BusinessNameLine1>0</BusinessNameLine1>
        </GICProviderName>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
      </TaxExemptBondsArbitrageGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>D</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>false</NoRebateDueInd>
        <VariableRateIssueInd>false</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <HedgeProviderName>
          <BusinessNameLine1>0</BusinessNameLine1>
        </HedgeProviderName>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GICProviderName>
          <BusinessNameLine1>0</BusinessNameLine1>
        </GICProviderName>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
      </TaxExemptBondsArbitrageGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>true</ProceduresCorrectiveActionInd>
      </ProceduresCorrectiveActionGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>B</BondReferenceCd>
        <ProceduresCorrectiveActionInd>true</ProceduresCorrectiveActionInd>
      </ProceduresCorrectiveActionGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>C</BondReferenceCd>
        <ProceduresCorrectiveActionInd>true</ProceduresCorrectiveActionInd>
      </ProceduresCorrectiveActionGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>D</BondReferenceCd>
        <ProceduresCorrectiveActionInd>true</ProceduresCorrectiveActionInd>
      </ProceduresCorrectiveActionGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART II, LINE 10</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CAPITAL EXPENDITURES FOR THE 2007 BOND ARE ZERO SINCE ALL OF THE PROCEEDS OF THIS BOND WERE USED TO REFUND PRIOR BONDS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART III, LINE 3D</FormAndLineReferenceDesc>
        <ExplanationTxt>RESEARCH AGREEMENTS RELATING TO FINANCED PROPERTY ARE ROUTINELY REVIEWED BY THE UNIVERSITY'S IN-HOUSE LEGAL COUNSEL, WHOSE STAFF ENGAGE BOND COUNSEL OR OTHER OUTSIDE COUNSEL FOR ADDITIONAL LEGAL AND COMPLIANCE ADVICE WHEN NECESSARY. THERE WERE A FEW RESEARCH AGREEMENTS WHICH REQUIRED ENGAGING OUTSIDE COUNSEL IN FISCAL YEAR 2014.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART III, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PRIVATE USE PERCENTAGE DISCLOSED REPRESENTS THE PRIVATE BUSINESS USE FOR THE ENTIRE ISSUE, WHICH MAY INCLUDE PROCEEDS THAT REFUNDED BONDS ISSUED PRIOR TO JANUARY 1, 2003. AS SUCH, THE ACTUAL PRIVATE BUSINESS USE PERCENTAGE OF A PARTICULAR BOND MAY VARY SLIGHTLY FROM THE PERCENTAGE REPORTED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART IV, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>AS A COMPONENT OF THE DEBT PORTFOLIO, THE UNIVERSITY ENTERED INTO INTEREST RATE SWAP AGREEMENTS THAT EFFECTIVELY CONVERT CERTAIN VARIABLE REVENUE BOND OBLIGATIONS TO FIXED RATES OR REDUCE THE UNIVERSITY'S EFFECTIVE INTEREST RATE.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="IRS990ScheduleL">
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>CENTERBRIDGE PARTNERS TE LP</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>FAMILY MEMBER OF TRUSTEE</RelationshipDescriptionTxt>
        <TransactionAmt>809705</TransactionAmt>
        <TransactionDesc>MANAGEMENT FEES</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>CENTERBRIDGE SPECIAL CREDIT PTRS LP</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>FAMILY MEMBER OF TRUSTEE</RelationshipDescriptionTxt>
        <TransactionAmt>140760</TransactionAmt>
        <TransactionDesc>MANAGEMENT FEES</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>CENTERBRIDGE SPEC CREDIT PTRS II LP</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>FAMILY MEMBER OF TRUSTEE</RelationshipDescriptionTxt>
        <TransactionAmt>215548</TransactionAmt>
        <TransactionDesc>MANAGEMENT FEES</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IV, COLUMN (B) RELATIONSHIPS</FormAndLineReferenceDesc>
        <ExplanationTxt>A NON-VOTING TRUSTEE'S SPOUSE IS THE CO-FOUNDER AND MANAGING PARTNER OF CENTERBRIDGE PARTNERS ENTITIES TO WHICH LEHIGH UNIVERSITY PAID $1,166,013 IN MANAGEMENT FEES IN FY14.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="IRS990ScheduleM">
      <WorksOfArtGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>3</ContributionCnt>
        <NoncashContributionsRptF990Amt>1350</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>EXPERT OPINION</MethodOfDeterminingRevenuesTxt>
      </WorksOfArtGrp>
      <ArtHistoricalTreasuresGrp />
      <ArtFractionalInterestGrp />
      <BooksAndPublicationsGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <NoncashContributionsRptF990Amt>68</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>RECEIPTS</MethodOfDeterminingRevenuesTxt>
      </BooksAndPublicationsGrp>
      <ClothingAndHouseholdGoodsGrp />
      <CarsAndOtherVehiclesGrp />
      <BoatsAndPlanesGrp />
      <IntellectualPropertyGrp />
      <SecuritiesPubliclyTradedGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>242</ContributionCnt>
        <NoncashContributionsRptF990Amt>4474975</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>MARKET VALUE</MethodOfDeterminingRevenuesTxt>
      </SecuritiesPubliclyTradedGrp>
      <SecuritiesCloselyHeldStockGrp />
      <SecurPrtnrshpTrustIntrstsGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>3</ContributionCnt>
        <NoncashContributionsRptF990Amt>1244823</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>MARKET VALUE</MethodOfDeterminingRevenuesTxt>
      </SecurPrtnrshpTrustIntrstsGrp>
      <SecuritiesMiscellaneousGrp />
      <QualifiedContribHistStructGrp />
      <QualifiedContribOtherGrp />
      <RealEstateResidentialGrp />
      <RealEstateCommercialGrp />
      <RealEstateOtherGrp />
      <CollectiblesGrp />
      <FoodInventoryGrp />
      <DrugsAndMedicalSuppliesGrp />
      <TaxidermyGrp />
      <HistoricalArtifactsGrp />
      <ScientificSpecimensGrp />
      <ArchaeologicalArtifactsGrp />
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>ATHLETICS EQUIPMENT/CLOTHING</Desc>
        <ContributionCnt>8</ContributionCnt>
        <NoncashContributionsRptF990Amt>25130</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>RECEIPTS</MethodOfDeterminingRevenuesTxt>
      </OtherNonCashContriTableGrp>
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>EQUIPMENT/SOFTWARE</Desc>
        <ContributionCnt>8</ContributionCnt>
        <NoncashContributionsRptF990Amt>1997229</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>EXPERT OPINION</MethodOfDeterminingRevenuesTxt>
      </OtherNonCashContriTableGrp>
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>HOST EVENT</Desc>
        <ContributionCnt>31</ContributionCnt>
        <NoncashContributionsRptF990Amt>23836</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>RECEIPTS</MethodOfDeterminingRevenuesTxt>
      </OtherNonCashContriTableGrp>
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>MISCELLANEOUS</Desc>
        <ContributionCnt>19</ContributionCnt>
        <NoncashContributionsRptF990Amt>2975</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>RECEIPTS</MethodOfDeterminingRevenuesTxt>
      </OtherNonCashContriTableGrp>
      <Form8283ReceivedCnt>7</Form8283ReceivedCnt>
      <AnyPropertyThatMustBeHeldInd>false</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>true</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>false</ThirdPartiesUsedInd>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE O</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990, PART I, LINE 1 LEHIGH UNIVERSITY STRIVES TO EARN INTERNATIONAL PROMINENCE AS A UNIVERSITY OF SPECIAL DISTINCTION AND PROVIDE STUDENTS WITH OPPORTUNITIES FOR SUCCESS THROUGH ITS INTEGRATION OF TEACHING, RESEARCH AND SERVICE TO SOCIETY. FORM 990, PART VI, SECTION B, LINE 11A THE UNIVERSITY PROVIDES A COPY OF THE 990 TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS REVIEWED BY APPROPRIATE SENIOR MANAGEMENT AT THE UNIVERSITY AND AN OUTSIDE PUBLIC ACCOUNTING FIRM. AFTER THIS REVIEW IS COMPLETE, A COPY OF THE FINAL RETURN IS PROVIDED TO EACH MEMBER OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. AFTER THE REVIEW OF THE AUDIT COMMITTEE, ON BEHALF OF THE FULL BOARD OF TRUSTEES, A COPY OF THE FINAL RETURN IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD AND THE RETURN IS FILED. FORM 990, PART VI, SECTION C, LINE 12C LEHIGH UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL UNIVERSITY TRUSTEES AND EMPLOYEES. EACH YEAR, ON BEHALF OF THE BOARD OF TRUSTEES, THE CORPORATE SECRETARY AND DIRECTOR OF INTERNAL AUDIT FORWARD A COPY OF THE UNIVERSITY'S CONFLICT OF INTEREST POLICY TO ALL TRUSTEES, OFFICERS, FULL-TIME FACULTY AND EXEMPT STAFF MEMBERS. THEY ENSURE THAT EACH INDIVIDUAL RESPONDS THAT THEY HAVE READ AND AGREE TO ABIDE BY THE POLICY. THE CORPORATE SECRETARY AND DIRECTOR OF INTERNAL AUDIT REVIEW THE QUESTIONNAIRE RESPONSES AND ATTEMPT TO RESOLVE ANY SIGNIFICANT CONFLICTS WITH THE INDIVIDUALS. IF A CONFLICT CANNOT BE IMMEDIATELY RESOLVED, IT IS TAKEN TO THE NEXT LEVEL OF SUPERVISION UNTIL IT IS FULLY RESOLVED. IF AT ANY TIME DURING THE YEAR A NEW OR POSSIBLE CONFLICT OCCURS, THE INDIVIDUAL IS RESPONSIBLE FOR NOTIFYING THE CORPORATE SECRETARY OR DIRECTOR OF INTERNAL AUDIT IN WRITING. FORM 990, PART VI, SECTION B, LINE 15 LEHIGH UNIVERSITY IS COMMITTED TO COMPENSATING ALL EMPLOYEES AT A FAIR AND COMPETITIVE LEVEL. TO DO THIS, AN ANNUAL COMPARISON OF MARKET RATE SALARY DATA IS PERFORMED BY THE UNIVERSITY'S HUMAN RESOURCES OFFICE, WHICH ALSO UTILIZES INDEPENDENT CONSULTANTS AS APPROPRIATE TO COMPILE AND ANALYZE SUCH DATA. IN ADDITION, THE UNIVERSITY HAS ESTABLISHED AN INDEPENDENT COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE SUBCOMMITTEE MEETS AS NEEDED TO REVIEW COMPENSATION MATTERS, BUT NO LESS THAN ANNUALLY TO REVIEW THE PERFORMANCE AND APPROVE THE COMPENSATION FOR THE PRESIDENT, OFFICERS OF THE UNIVERSITY ADMINISTRATION, OTHER SENIOR ADMINISTRATIVE OFFICERS, AND ANY OTHER HIGHLY COMPENSATED UNIVERSITY EMPLOYEES WHOSE COMPENSATION SHOULD BE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES IN ACCORDANCE WITH UNIVERSITY GOVERNANCE DOCUMENTS AND APPLICABLE LEGAL REQUIREMENTS. SUCH REVIEW INCLUDES DETERMINATIONS BY THE SUBCOMMITTEE AND RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE OF THE BOARD, THAT THE COMPENSATION OF SUCH OFFICERS AND EMPLOYEES IS REASONABLE AND IN ACCORDANCE WITH LEGAL REQUIREMENTS APPLICABLE TO THE UNIVERSITY AS A NON-PROFIT TAX-EXEMPT ORGANIZATION. IN FULFILLING ITS RESPONSIBILITIES WITH RESPECT TO DETERMINING REASONABLE COMPENSATION, THE SUBCOMMITTEE UTILIZES INDEPENDENT CONSULTANTS AS APPROPRIATE TO COMPILE AND ANALYZE MARKET RATE AND COMPARATIVE SALARY DATA. SUBSTANTIATION OF THE SUBCOMMITTEE'S DELIBERATIONS AND DETERMINATIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 IN GENERAL, THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. THE UNIVERSITY'S FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE LOCATED ON THE UNIVERSITY'S WEBSITE. FORM 990, PART XI, LINE 9 THIS AMOUNT CONSISTS OF OTHER INCOME AND LOSS AS FOLLOWS: UNREAL ADJ VALUE SPLIT INTEREST AGREEMENT: $2,223,884 UNREAL RATE SWAP ADJ: 774,407 POSTRETIREMENT BENEFITS (2,755,000) OTHER: (198,560) TOTAL TO LINE 9: $ 44,731</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1>LU PROPERTIES LLC</BusinessNameLine1>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1>524 BRODHEAD AVENUE</AddressLine1>
          <City>BETHLEHEM</City>
          <State>PA</State>
          <ZIPCode>18015</ZIPCode>
        </USAddress>
        <EIN>454740928</EIN>
        <PrimaryActivitiesTxt>REAL ESTATE</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1>LEHIGH UNIV</BusinessNameLine1>
        </DirectControllingEntityName>
      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1>LUP2 LLC</BusinessNameLine1>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1>524 BRODHEAD AVENUE</AddressLine1>
          <City>BETHLEHEM</City>
          <State>PA</State>
          <ZIPCode>18015</ZIPCode>
        </USAddress>
        <EIN>455027811</EIN>
        <PrimaryActivitiesTxt>REAL ESTATE</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
        <EndOfYearAssetsAmt>3648626</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1>LEHIGH UNIV</BusinessNameLine1>
        </DirectControllingEntityName>
      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1>LUP3 LLC</BusinessNameLine1>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1>524 BRODHEAD AVENUE</AddressLine1>
          <City>BETHLEHEM</City>
          <State>PA</State>
          <ZIPCode>18015</ZIPCode>
        </USAddress>
        <EIN>455027849</EIN>
        <PrimaryActivitiesTxt>REAL ESTATE</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1>LEHIGH UNIV</BusinessNameLine1>
        </DirectControllingEntityName>
      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
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        <RelatedOrganizationName>
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        <LegalDomicileStateCd>OH</LegalDomicileStateCd>
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        <LegalDomicileStateCd>CO</LegalDomicileStateCd>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1>ENDOWMENT FUNDS HELD IN TRUST</BusinessNameLine1>
        </RelatedOrganizationName>
        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
        <DirectControllingEntityName>
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        </DirectControllingEntityName>
        <EntityTypeTxt>TRUST</EntityTypeTxt>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
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        <LegalDomicileStateCd>WV</LegalDomicileStateCd>
        <DirectControllingEntityName>
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        <EntityTypeTxt>TRUST</EntityTypeTxt>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1>STABLER CORP CTR PROPERTY OWNERS ASSOC</BusinessNameLine1>
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        <USAddress>
          <AddressLine1>27 MEMORIAL DRIVE WEST</AddressLine1>
          <City>BETHLEHEM</City>
          <State>PA</State>
          <ZIPCode>18015</ZIPCode>
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        <PrimaryActivitiesTxt>PROPERTY MGMT</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>PA</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1>LU PROPERTIES</BusinessNameLine1>
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      </IdRelatedOrgTxblCorpTrGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>true</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>true</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>true</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>true</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>true</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>true</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>true</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>true</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>true</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>true</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>true</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>true</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
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        <InvolvedAmt>1474105</InvolvedAmt>
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      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
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      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>MANUFACTURERS RESOURCE CENTER</BusinessNameLine1>
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        <TransactionTypeTxt>1L</TransactionTypeTxt>
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      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>BEN FRANKLIN TECH PARTNERS OF NORTHEASTERN PA</BusinessNameLine1>
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        <TransactionTypeTxt>1L</TransactionTypeTxt>
        <InvolvedAmt>140670</InvolvedAmt>
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      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>LEHIGH UNIVERSITY ALUMNI ASSOCIATION</BusinessNameLine1>
        </OtherOrganizationName>
        <TransactionTypeTxt>1O</TransactionTypeTxt>
        <InvolvedAmt>1123858</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>CASH VALUE</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>BEN FRANKLIN TECH PARTNERS OF NORTHEASTERN PA</BusinessNameLine1>
        </OtherOrganizationName>
        <TransactionTypeTxt>1Q</TransactionTypeTxt>
        <InvolvedAmt>591393</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>CASH VALUE</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>MANUFACTURERS RESOURCE CENTER</BusinessNameLine1>
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        <TransactionTypeTxt>1Q</TransactionTypeTxt>
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      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
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      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>BEN FRANKLIN TECH PARTNERS OF NORTHEASTERN PA</BusinessNameLine1>
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      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>BEN FRANKLIN TECH PARTNERS OF NORTHEASTERN PA</BusinessNameLine1>
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      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>BEN FRANKLIN TECH PARTNERS OF NORTHEASTERN PA</BusinessNameLine1>
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      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
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      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>