2015-05-14T10:40:00-05:00 2014-06-30 PRICEWATERHOUSECOOPERS LLP 300 MADISON AVENUE New York NY 10017 990 2013-07-01 237037968 THE COMMON FUND FOR NONPROFIT ORGANIZATIONS % ANN CHU COMM 2035635000 15 OLD DANBURY ROAD PO BOX 812 Suite WILTON CT 068970812 E LYNDON TEFFT EXECUTIVE VP & TREASURER 2035635000 2015-05-14 2013 2016-02-25 16:41:14Z CATHERINE KEATING 15 OLD DANBURY ROAD PO BOX WILTON CT 068970812 2357556623 false X www.commonfund.org X 1955 NY TO ENHANCE THE FINANCIAL RESOURCES OF EDUCATIONAL ORGANIZATIONS (DEFINED UNDER SECTION 170(B)(1)(A)(II) & (IV) OF THE IRC)& TO HELP THEM IMPROVE INVESTMENT MANAGEMENT PRACTICES 10 9 76 0 16622 15622 0 0 13520209 12721349 251533060 339842629 13123514 14202119 278176783 366766097 0 0 0 0 16786263 13535117 0 0 0 18861947 18365264 35648210 31900381 242528573 334865716 4781549014 4877106208 259313848 223668380 4522235166 4653437828 X SEE SCHEDULE O false false 31900381 366749475 THE COMMON FUND FOR NON-PROFIT ORGANIZATIONS ("COMMONFUND") IS A NON-PROFIT CORPORATION, EXEMPT UNDER IRC SECTION 501(F), FORMED TO ENABLE COLLEGES, UNIVERSITIES AND INDEPENDENT SCHOOLS TO JOIN TOGETHER IN OBTAINING PROFESSIONAL MANAGEMENT OF THEIR ENDOWMENTS AND LONG-TERM INVESTMENT FUNDS. PURSUANT TO IRC SECTION 501(F), COMMONFUND IS ORGANIZED AND OPERATED SOLELY TO HOLD, COMMINGLE, AND COLLECTIVELY INVEST AND REINVEST IN STOCKS AND SECURITIES, THE MONEY CONTRIBUTED BY ITS MEMBER SCHOOLS, AND TO COLLECT INCOME THEREFROM AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ITS MEMBER SCHOOLS. 31900381 true false false true false false false false false true true false false true true false true false false true false false false false false false false false true false false false false false false false true false false false false true true true true false false true X 112 0 76 true true true false false false false false false false false false X 10 9 false false false false true true false true true false false true true true true true true true true false NY X ANN CHU 2035635085 15 OLD DANBURY ROAD PO BOX 812 WILTON CT 068970812 ELIZABETH HUIDEKOPER TRUSTEE 3.0 X 50000 0 0 BRADFORD K GALLAGHER TRUSTEE 3.0 X 77083 0 0 LESLIE E BAINS TRUSTEE 3.0 X 55000 0 0 DR DAVID M BARRETT TRUSTEE 3.0 X 50000 0 0 WILLIAM E TRUEHEART TRUSTEE 3.0 X 53750 0 0 BRUCE ZIMMERMAN TRUSTEE 3.0 X 50000 0 0 KEITH SCHAPPERT TRUSTEE 3.0 X 50000 0 0 ROBERT LITTERMAN TRUSTEE 3.0 X 60000 0 0 DOUGLAS T BREEDEN TRUSTEE 3.0 X 50000 0 0 VERNE O SEDLACEK PRESIDENT & CHIEF EXECUTIVE 40.0 X X 1812651 0 47800 LYNDON E TEFFT EXECUTIVE VP & TREASURER 40.0 X 748329 0 43124 JOHN W AUCHINCLOSS SECRETARY & GENERAL COUNSEL 40.0 X 537441 0 47605 DAVID BELMONT CHIEF RISK MANAGEMENT OFFICER 40.0 X 993140 0 47800 GAIL BURLANT CHIEF HUMAN RESOURCES OFFICER 40.0 X 497246 0 33879 ROBERT PHAY ASSOCIATE GENERAL COUNSEL 40.0 X 545315 0 47578 ALYSSA KRAFT MANAGING DIRECTOR 40.0 X 375630 0 47472 JOHN S GRISWOLD EXECUTIVE DIRECTOR 40.0 X 375264 0 47445 PETER KIRBY MANAGING DIRECTOR 40.0 X 357072 0 47445 VIVIAN LEE-SHIUE MANAGING DIRECTOR 40.0 X 307337 0 47233 KEITH LUKE FORMER CHIEF STRAT. PLANNING 0.0 40.0 X 0 678164 47605 7045258 678164 504986 47 true true false STATE STREET BANK TRUST COMPANY PO BOX 5488 BOSTON MA 02206 CUSTODIAN FEES 2350923 MARSH USA INC PO BOX 846015 DALLAS TX 752846015 INSURANCE BROKER 1044129 PRICEWATERHOUSECOOPERS LLP PO BOX 7247-8001 PHILADELPHIA PA 191708001 ACCOUNTING SERVICES 928271 DIPLOMAT PROPERTIES LLP 3555 S OCEAN DRIVE HOLLYWOOD FL 33019 CONFERENCES 811678 INVESTCLOUD INC 1115 GUNN HIGHWAY SUITE 202 ODESSA FL 33556 IT DEVELOPMENT 790855 44 0 PARTICIPANT FEES 900099 12721349 12721349 12721349 25127077 25110455 16622 0 0 0 0 0 2305506078 1990790526 314715552 314715552 314715552 0 0 0 TRANSFER PRICING REVENUE 900099 14193219 14193219 MISCELLANEOUS REVENUE 900099 8900 8900 14202119 366766097 366749475 16622 0 0 0 0 3963024 3963024 0 7029686 7029686 643318 643318 1208650 1208650 690439 690439 1158044 1158044 787935 787935 361295 361295 0 0 7307234 7307234 466519 466519 677163 677163 1232276 1232276 1395939 1395939 0 792714 792714 838660 838660 0 2739420 2739420 0 0 261236 261236 195428 195428 MISCELLANEOUS EXPENSES 151401 151401 31900381 31900381 0 0 0 0 52593031 138137343 0 0 238797421 191976443 0 0 0 0 0 0 0 0 795838 1348150 1976428 1028967 621910 947461 0 0 4480894327 4534209389 0 0 0 0 7846487 10487422 4781549014 4877106208 258808308 222988762 0 0 0 0 0 0 0 0 0 0 0 0 0 0 505540 679618 259313848 223668380 X 0 0 0 0 0 0 4522235166 4653437828 4781549014 4877106208 X 334865716 276075672 -479738726 X X false true X true X X false false false SEE SCHEDULE A - SUPPLEMENTAL INFORMATION 999999999 02 false 0 SEE SCHEDULE A - SUPPLEMENTAL INFORMATION 999999999 05 false 0 2 SCHEDULE A, SUPPORTING ORGANIZATIONS TYPE OF SUPPORT THE COMMON FUND FOR NON-PROFIT ORGANIZATIONS ("COMMONFUND") IS A NON-PROFIT CORPORATION, EXEMPT UNDER IRC SECTION 501(F), FORMED TO ENABLE COLLEGES, UNIVERSITIES AND INDEPENDENT SCHOOLS TO JOIN TOGETHER IN OBTAINING PROFESSIONAL MANAGEMENT OF THEIR ENDOWMENTS AND LONG-TERM INVESTMENT FUNDS. PURSUANT TO IRC SECTION 501(F), COMMONFUND IS ORGANIZED AND OPERATED SOLELY TO HOLD, COMMINGLE, AND COLLECTIVELY INVEST AND REINVEST IN STOCKS AND SECURITIES, THE MONEY CONTRIBUTED BY ITS MEMBER SCHOOLS, AND TO COLLECT INCOME THEREFROM AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ITS MEMBER SCHOOLS. SCHEDULE A, SUPPORTED ORGANIZATIONS MEMBER INSTITUTIONS AS OF JUNE 30, 2014 A.T. Still University of Health Sciences; Albion College; Abraham Joshua Heschel School; Aidan Montessori School; All Souls School; American Community School of Beirut, Lebanon; American University in Bulgaria; Andrews University; Arbor Montessori School; Arcadia University; Atlantic Community College Foundation; Augsburg College; Austin Peay State University; Austin Peay State University Foundation; Azusa Pacific University; Bakersfield College Foundation; Baldwin-Wallace University; Bangor Theological Seminary; Bethel College; Biblical Theological Seminary; Bishop Dunne Catholic School Inc.; Bishop Lynch High School; Bloomsburg University; Bradley University; Bridgton Academy; Bristol Community College; Brookwood School; Broome Community College Foundation, Inc.; Brophy College Preparatory; Bucknell University; Burgundy Farm Country Day School; C.S.U., Bakersfield Foundation; C.S.U., Chico Research Foundation; C.S.U., Fresno Association; Calvin Christian School of Escondido; Cape Henry Collegiate School; Capitol College; Cardigan Mountain School; Cathedral High School; Cazenovia College; Central College; Central Michigan University; Central Oregon Community College Fdn.; Central Texas College Foundation; Charles Wright Academy; Cheverus High School; Children's Day School, Inc.; Clarion University Foundation, Inc.; Clark State Community College Foundation; Clarkson University; Clinton Community College Fdn., Inc.; Coe College; College of Saint Benedict; College of St. Joseph; Collegiate School; Colorado School of Mines Foundation; Columbus School for Girls; Community College of Philadelphia; Community Day Nursery; Community Music Center, San Francisco; Concord Hill School; Concordia College; Connecticut State University System Foundation Inc; County College of Morris Foundation; Cranbrook Educational Community; Cuesta College Foundation; CUNY, York College; Currey Ingram Academy; DBA Catholic Memorial School; De La Salle Academy; De La Salle Institute; Delaware Valley Friends School; Denver Seminary; Don Bosco Technical Institute; Dordt College; Dublin School, Inc.; Duke School; Eastern Michigan University Foundation; Eastern Washington University; Edinboro University Foundation; Elmhurst College; Embry Riddle Aeronautical University; Endicott College; Episcopal School; Ethical Culture Schools, Robert B. Hirsch Fund; Fairfield University; Fairleigh Dickinson University; Falmouth Academy; Fayetteville State University; Fdn for the University of the Virgin Islands, Inc.; Ferris State University; Ferrum College; First Presbyterian Nursery School of New Canaan; Fisk University; Flagler College, Inc.; Florida State College Foundation, Inc.; Fordham University; Fountain Valley School; Framingham State University; Franciscan University of Steubenville; Friends Academy; Friends' Central School Corp. PA; Friends' School, Inc.; Furman University; Gallaudet University; George Jackson Academy; Georgetown Day School; Germantown Friends School; Glendale College Foundation, Inc.; Golden Gate Baptist Theological Seminary; Golden Gate Kindergarten Association; Good Shepherd Episcopal School; Graduate Theological Union; Great Basin College Foundation; Green Acres School; Greensboro Day School; Greenwich Country Day School; Grove City College; Gulf Coast Community College Foundation; Gulf Stream School; Hampton University; Harding Academy; Hartwick College; Highland Community College Foundation, IL; Holmes Community College; Holy Names University; Holy Trinity Episcopal Day School; Holyoke Community College; Honolulu Waldorf School; Huntington University; Husson University; Illinois Central College Educational Foundation; Illinois State University Foundation; Immaculate Conception Academy; Indiana University of Pennsylvania; Inter American University of Puerto Rico; Iona College; Itawamba Community College; J. Higdon Potter Educational Foundation; JCTC Foundation, Inc.; Jesuit High School of New Orleans; Johnson University; Kalamazoo College; Kansas City Art Institute; Kansas State University Foundation; KCTCS, Com & Tech College Fnd of Ashland,Inc.; KCTCS, Hopkinsville Community College Fdn,Inc.; KCTCS, Kentucky Comm. & Tech. College Sys. Fdn.; KCTCS, Kentucky Comm. & Tech. College System; KCTCS, Owensboro Comm. & Tech. College Fdn., Inc.; KCTCS, Paducah Junior College Inc; Keene School District; Kents Hill School; Kentucky Christian University; Kettering University; Keystone School; Kuyper College; La Pietra - Hawaii School for Girls; La Salle University; Laboure College; Laguna College of Art & Design; Lake Country School - Montessori; Lamar University - Beaumont; Lamplighter School; Lane Community College Foundation; Lawrence Technological University; Lawrence University; Lee College Foundation; Lincoln University; Linn-Benton Community College Foundation; Logos Evangelical Seminary Foundation, Inc.; Loma Linda University; Louisville Collegiate School; Loyola College Prep; Loyola School; Lubbock Christian University; Luther Seminary; Lynchburg College; Mansfield University Foundation; Mansfield University of PA; Marshall B. Ketchum University; Marshall University; Mary Baldwin College; Marymount High School; Maryville University of St. Louis; Massachusetts School of Law; Massasoit Community College; McLennan Community College Foundation; McMurry University; McPherson College; Medical College of Virginia Foundation, Inc.; Mercersburg Academy; Meridian Community College Foundation; Methodist Theological School; Miami University; Miami University Foundation; Millersville University of PA; Minneapolis College of Art and Design; Missionary Baptist Seminary; Missouri State University Foundation; Monmouth University; Montana Tech Foundation; Monterey College of Law; Morningside Montessori School; Morristown-Beard School; Mount Allison University; Mount Aloysius College; Mount Marty College, Incorporated; Mount Wachusett Community College Fdn., Inc.; Muhlenberg College; Nardin Academy; NC State Natural Resources Foundation, Inc.; NC State University College of Sciences Fdn, Inc.; NC State University Foundation; NC State University, Agriculture; NC State University, Engineering Foundation; NC State University, Tobacco Foundation; NC State University, Veterinary Medicine Fdn.; New River Community College; New York Medical College; Norfolk State University Foundation; North Arkansas College Foundation Inc.; North Central Missouri College; North Central Missouri College Foundation, Inc.; North Dakota State University Development Fdn.; North Idaho College Foundation; North Shore Community College Foundation, Inc.; Northampton County Area Community College Fdn.; Northeast State Community College Foundation; Northeastern State University Foundation, Inc.; Northern Illinois University Foundation; Northern Oklahoma College Foundation; Northern State University Foundation; Northern Virginia Community College Ed. Fdn; Northwest Village School; Northwestern College; Northwestern State University Foundation; Northwood University; Norwich University; Notre Dame De Namur University; Notre Dame Preparatory School; Oak Hill School; Oakland University; Oakwood School, CA; Oakwood Stewardship, LLC.; Oakwood University; Ojai Valley School; Oklahoma Baptist University; Oklahoma Christian University, Inc.; Oklahoma Medical Research Foundation; Oklahoma State Regents for Higher Education; Old Dominion University; Old Dominion University Research Foundation; Oldfields School, Inc.; Oswego College Foundation Inc; Otterbein University; Ouachita Baptist University; Our Sisters' School Inc.; Pacific Primary School; Palmer Trinity Private School, Inc.; Pellissippi State Community College Fdn.; Pepperdine University; Piney Woods Country Life School; Point Loma Nazarene University; Polytechnic University of Puerto Rico; Poughkeepsie Day School; Pratt Institute; Prescott College; Presentation College; Princeton University; Providence Day School; Purnell School; Putnam Indian Field School; Reading Area Community College, Fdn.; Reed College; Regis College; Rehoboth Christian School; Rider University; Rio Grande School; Riverview School; Rivier University; Robert Morris University Illinois; Rochester Institute of Technology; Rockford University; Rockland Community College Association; Rohan Woods School; Roosevelt University; Rose State College Foundation; Rowland Hall-St. Mark's School; Rust College; Rutgers, The State University of New Jersey; Saint Bernard High School; Saint John's University; Saint Louis Community College Foundation; Salem Community College Foundation; Salpointe Catholic High School; San Antonio Academy of Texas; San Diego State University Fdn.; Santa Clara University; Sarah Lawrence College; Sauk Valley College Foundation; School Year Abroad, Inc.; Sea Education Association, Inc.; Shippensburg University Foundation; Siena Heights University; Slippery Rock University Alumni Assn.; Solomon Schechter School of Westchester; Sou X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE C, PART II-A LOBBYING ACTIVITIES THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") CONTINUES TO MAINTAIN ITS ELECTION UNDER SECTION 501(H). DURING THE TAX YEAR ENDED JUNE 30, 2014, COMMONFUND DID NOT ATTEMPT TO INFLUENCE NATIONAL, STATE,OR LOCAL LEGISLATION INCLUDING ANY ATTEMPT TO INFLUENCE PUBLIC OPINION ON A LEGISLATIVE MATTER OR REFERENDUM. COMMONFUND DID NOT INCUR ANY EXPENSES IN CONNECTION WITH LOBBYING ACTIVITIES. 679413 309200 370213 1297015 719767 577248 947461 INVESTMENTS AT VALUE 4534209389 F 4534209389 0 SWAP CONTRACTS 562611 OPEN OPTIONS CONTRACTS 48188 COLLATERAL DUE TO BROKER 68819 679618 X 141029211 276075672 177449215 453524887 -312495676 679261773 679261773 366766097 128504798 103528249 103528249 24976549 6923832 6923832 31900381 SCHEDULE D, PART X, LINE 2 FIN 48 DISCLOSURE THE COMMON FUND FOR NONPROFIT ORGANIZATIONS IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTIONS 501(C)(3) AND 501(F) OF THE INTERNAL REVENUE CODE. CERTAIN COMMONFUND SUBSIDIARIES ARE SUBJECT TO FEDERAL, STATE AND LOCAL INCOME TAXES. INCOME TAXES FOR THOSE SUBSIDIARIES ARE RECORDED UNDER THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS PROVIDES THAT A TAX BENEFIT FROM AN UNCERTAIN POSITION MAY BE RECOGNIZED WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON TECHNICAL MERITS OF THE POSITION. INCOME TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AT THE EFFECTIVE DATE TO BE RECOGNIZED UPON THE ADOPTION IN SUBSEQUENT PERIODS. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING FOR INTERIM PERIODS, DISCLOSURE AND TRANSITION. COMMONFUND'S POLICY IS TO ACCRUE INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS AS OTHER EXPENSES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS, AND THE CORRESPONDING LIABILITY IN ACCOUNTS PAYABLE AND ACCRUED EXPENSES, IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. SCHEDULE D, PART XI, LINE 2D OTHER AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12 RELATED ORGS AND SUBSIDIARIES 112,427,657 ENDOWMENT FUND CROSSFUND INCOME 65,021,558 =============== TOTAL 177,449,215 SCHEDULE D, PART XI, LINE 4B OTHER AMOUNT INCLUDED ON FORM 990, PART VIII, LINE 12 BUT NOT ON LINE 1 ENDOWMENT FUND 679,261,773 SCHEDULE D, PART XII, LINE 2D OTHR AMOUNT INCLUDED IN LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25 RELATED ORGANIZATIONS AND SUBSIDIARIES EXPENSES 103,528,249 SCHEDULE D, PART XII, LINE 4B OTHER AMOUNT INCLUDED ON FORM 990, PART IX, LINE 25 BUT NOT ON LINE 1 ENDOWMENT FUND EXPENSES 6,923,832 Central America and the Caribbean Investments 1139810000 East Asia and the Pacific Investments 7227000 Europe (Including Iceland and Greenland) Investments 34819000 North America Investments 23492000 Russia and the Newly Independent States Investments 929000 South America Investments 2491000 Sub-Saharan Africa Investments 745000 Europe (Including Iceland and Greenland) 1 Maintaining offices 181241 1 1 1209694241 1209694241 true false true true true false X X X X false false false false false false false false false KEITH LUKE FORMER CHIEF STRAT. PLANNING 0 295276 0 382888 0 0 0 20400 0 27205 0 725769 0 0 VERNE O SEDLACEK PRESIDENT & CHIEF EXECUTIVE 597034 0 1215575 0 42 0 20400 0 27400 0 1860451 0 0 0 LYNDON E TEFFT EXECUTIVE VP & TREASURER 348069 0 400260 0 0 0 20400 0 22724 0 791453 0 0 0 JOHN W AUCHINCLOSS SECRETARY & GENERAL COUNSEL 254466 0 282975 0 0 0 20400 0 27205 0 585046 0 0 0 DAVID BELMONT CHIEF RISK MANAGEMENT OFFICER 393022 0 600118 0 0 0 20400 0 27400 0 1040940 0 0 0 ROBERT PHAY ASSOCIATE GENERAL COUNSEL 243797 0 301518 0 0 0 20400 0 27178 0 592893 0 0 0 ALYSSA KRAFT MANAGING DIRECTOR 202688 0 172942 0 0 0 20400 0 27072 0 423102 0 0 0 JOHN S GRISWOLD EXECUTIVE DIRECTOR 196022 0 179242 0 0 0 20400 0 27045 0 422709 0 0 0 PETER KIRBY MANAGING DIRECTOR 196002 0 161070 0 0 0 20400 0 27045 0 404517 0 0 0 VIVIAN LEE-SHIUE MANAGING DIRECTOR 190249 0 117088 0 0 0 20206 0 27027 0 354570 0 0 0 GAIL BURLANT CHIEF HUMAN RESOURCES OFFICER 318421 0 178825 0 0 0 6500 0 27379 0 531125 0 0 0 SCHEDULE J, PART I COMPENSATION PROGRAM COMMONFUND'S COMPENSATION PROGRAM CONSISTS OF FOUR PARTS: (1) SALARIES, (2) ANNUAL CASH BONUSES, (3) INCENTIVE COMPENSATION AND (4) HEALTH, RETIREMENT AND OTHER BENEFITS. ALL EMPLOYEES ARE ELIGIBLE FOR AN ANNUAL CASH BONUS THAT IS BASED ON ACHIEVING SPECIFIC PERFORMANCE AND OPERATIONAL GOALS DURING THE YEAR. IN ADDITION, CERTAIN EXECUTIVES PARTICIPATE IN THE INCENTIVE COMPENSATION PLANS THAT ARE DESIGNED TO REWARD PERFORMANCE ACROSS MULTIPLE-YEAR PERIODS. SUCH AWARDS WHEN EARNED AND PAID ARE INCLUDED IN REPORTABLE COMPENSATION. 0 COMMONFUND HOLDING CO SUBSIDIARI COMMON OFFICER SEE PART V true SCHEDULE L, PART IV, BUSINESS TRANSACTIONS WITH INTERESTED PERSONS TRANSFER PRICING AGREEMENT THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") IS A NONPROFIT MEMBERSHIP CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NEW YORK. COMMONFUND HAS AFFILIATIONS WITH COMMONFUND HOLDING COMPANY, INC. AND SUBSIDIARIES (COMMONFUND AND COMMONFUND HOLDINGS COMPANY, INC. AND SUBSIDIARIES COLLECTIVELY "COMMONFUND GROUP"). COMMONFUND GROUP HAS A MASTER INTERCOMPANY AGREEMENT THAT PROVIDES FOR INVESTMENT ADVISORY AND DISTRIBUTION SERVICE ARRANGEMENTS AMONGST THE GROUP, FACILITIES SHARING AND SUPPORT SERVICES BY COMMONFUND. THE INTERCOMPANY AGREEMENT ALSO PROVIDES FOR THE ARM'S LENGTH CHARGE FOR THE ALLOCATION OF REVENUE AND COST (PURSUANT TO SECTION 482 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED AND REGULATIONS THEREUNDER) AMONG THE COMPANIES IN THE COMMONFUND GROUP. FORM 990, PART III, LINE 1 MISSION STATEMENT TO ENHANCE THE FINANCIAL RESOURCES OF EDUCATIONAL ORGANIZATIONS (DEFINED UNDER SECTION 170(B)(1)(A)(II) AND (IV) OF THE IRC) AND TO HELP THEM IMPROVE INVESTMENT MANAGEMENT PRACTICES. COMMONFUND PURSUES ITS MISSION THROUGH THE DELIVERY OF (1) INVESTMENT PROGRAMS DESIGNED TO GENERATE LONG-TERM SUPERIOR INVESTMENT PERFORMANCE; (2) INSIGHT AND EDUCATIONAL PROGRAMS THAT PROMOTE THE SHARING OF BEST PRACTICES FOR NONPROFITS; AND (3) SERVICE BASED ON AN IN-DEPTH UNDERSTANDING OF CLIENT NEEDS. COMMONFUND BELIEVES THAT STRONG FINANCIAL RESOURCES WILL SERVE AS THE UNDERPINNING THAT ENABLES IT TO IMPLEMENT ITS MISSION. FORM 990, PART IV, LINE 28C TRUSTEE DISCLOSURES DAVID M. BARRETT: DR. BARRETT IS A MEMBER EMERITUS OF THE BOARD OF TRUSTEES OF ALBION COLLEGE. ALBION COLLEGE IS A COMMONFUND MEMBER. KEITH SCHAPPERT: MR. SCHAPPERT IS A FORMER TRUSTEE OF THE BERKSHIRE SCHOOL, A COMMONFUND MEMBER. FORM 990, PART VI, LINE 1B INDEPENDENT VOTING MEMBERS OF GOVERNING BODY NO MEMBERS OF THE BOARD OF TRUSTEES OF COMMONFUND OTHER THAN THE PRESIDENT - WHO IS A MEMBER OF THE BOARD EX OFFICIO - ARE MEMBERS OF MANAGEMENT AND ALL MEMBERS OF THE BOARD ARE NOMINATED BY THE BOARD'S GOVERNANCE COMMITTEE, WHICH DOES NOT INCLUDE ANY MEMBERS OF MANAGEMENT. THE PRESIDENT IS A VOTING MEMBER OF THE BOARD, BUT IS NOT PERMITTED TO SERVE ON THE BOARD'S AUDIT & RISK MANAGEMENT COMMITTEE, THE GOVERNANCE COMMITTEE, OR THE COMPENSATION COMMITTEE (ALTHOUGH THE PRESIDENT IS CONSULTED ON COMPENSATION MATTERS FOR OTHER ADMINISTRATIVE OFFICERS AND SUCH ADDITIONAL SENIOR EXECUTIVES AS THE COMPENSATION COMMITTEE DEEMS APPROPRIATE). IT HAS HISTORICALLY BEEN THE CASE THAT NO MEMBER OF COMMONFUND GROUP'S MANAGEMENT (OTHER THAN THE PRESIDENT) HAS SERVED AS A TRUSTEE WHILE SO EMPLOYED. IT IS ALSO THE BOARD'S POLICY THAT NO MEMBER OF MANAGEMENT SERVES ON ANY OF ITS COMMITTEES, OTHER THAN THE PRESIDENT IN HIS OR HER ROLE AS A MEMBER OF THE EXECUTIVE COMMITTEE. THE GOVERNANCE COMMITTEE ESTABLISHES STANDARDS OF INDEPENDENCE THAT PREVENT TRUSTEES FROM SERVING ON THE AUDIT AND RISK MANAGEMENT COMMITTEE IF THEY HAVE ANY MATERIAL RELATIONSHIP WITH COMMONFUND GROUP; THE EXECUTIVE COMMITTEE ESTABLISHES SUCH STANDARDS FOR THE GOVERNANCE COMMITTEE. FORM 990, PART VI, LINE 6 & LINE 7A ELECTION OF THE GOVERNING BODY COMMONFUND IS GOVERNED BY A BOARD OF TRUSTEES, WHOSE MEMBERS ARE ELECTED BY COMMONFUND'S MEMBER EDUCATIONAL INSTITUTIONS (ONE MEMBER, ONE VOTE) AT COMMONFUND'S ANNUAL MEETING (GENERALLY HELD IN DECEMBER OF EACH CALENDAR YEAR). NOMINATIONS OF CANDIDATES TO BE ELECTED AS MEMBERS OF COMMONFUND'S BOARD OF TRUSTEES ARE MADE BY THE BOARD'S GOVERNANCE COMMITTEE. MEMBERS OF THE GOVERNANCE COMMITTEE ARE INDEPENDENT OF MANAGEMENT, AND NO TRUSTEE MAY SERVE ON THE GOVERNANCE COMMITTEE FOR MORE THAN FOUR CONSECUTIVE YEARS WITHOUT INTERRUPTION OF AT LEAST ONE YEAR. WHILE IT IS THE DUTY OF THE GOVERNANCE COMMITTEE TO NOMINATE TRUSTEE CANDIDATES, THE COMMITTEE HAS DETERMINED, CONSISTENT WITH CURRENT BEST PRACTICE IN THE NONPROFIT SECTOR, THAT IT SHOULD ENGAGE AN INDEPENDENT SEARCH FIRM TO ASSIST IT IN IDENTIFYING CANDIDATES IN ORDER TO ENSURE THAT IT CONSIDERS QUALIFIED CANDIDATES BEYOND THE CIRCLE OF INDIVIDUALS ALREADY KNOWN TO THE COMMITTEE MEMBERS OR TO COMMONFUND MANAGEMENT. FORM 990, PART VI, LINE 11A REVIEW PROCESS FORM 990 THE COMMONFUND FORM 990 IS DRAFTED BY COMMONFUND'S MANAGEMENT AND REVIEWED BY COMMONFUND'S INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT AND TAX CONSULTANT. A DRAFT OF THE FORM 990 IS FURNISHED TO ALL MEMBERS OF THE BOARD WHO DELEGATE THE DUTY TO REVIEW THE FORM AND ADDRESS ANY QUESTIONS TO MANAGEMENT, TO THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD AND, IN THE CASE OF PART VI, TO THE GOVERNANCE COMMITTEE OF THE BOARD. THESE COMMITTEES REPORT THE RESULTS OF THEIR REVIEW TO THE FULL BOARD. BETWEEN THE TIME OF COMMITTEE AND BOARD REVIEW AND THE ACTUAL FILING OF THE FORM 990, MANAGEMENT RETAINS THE ABILITY TO AMEND THE VERSION OR VERSIONS SO REVIEWED, PROVIDED THAT, SUCH AMENDMENTS ARE APPROVED BY COUNSEL AND BY COMMONFUND'S EXTERNAL TAX CONSULTANTS, AS WELL AS BY THE CHIEF OPERATING OFFICER. MANAGEMENT IS REQUIRED TO DISCUSS WITH THE CHAIRS OF THE AUDIT AND RISK MANAGEMENT COMMITTEE AND/OR THE GOVERNANCE COMMITTEE ANY PROPOSED CHANGES THAT WOULD MATERIALLY CHANGE THE CONTENT OF THE FORM 990, IN ORDER TO DETERMINE WHETHER ANY FURTHER REVIEW BY THE AUDIT AND RISK MANAGEMENT COMMITTEE, THE GOVERNANCE COMMITTEE, OR THE FULL BOARD WOULD BE APPROPRIATE PRIOR TO FILING. PRIOR TO FILING, THE FINAL FORM 990, INCLUDING ATTACHMENTS, WILL BE MADE AVAILABLE TO ALL TRUSTEES FOR THEIR REFERENCE. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY TRUSTEES, OFFICERS AND EMPLOYEES OF COMMONFUND GROUP ARE SUBJECT TO POLICIES ADOPTED BY THE ORGANIZATION AND APPROVED BY COMMONFUND'S BOARD OF TRUSTEES THAT ARE DESIGNED TO AVOID IMPROPER CONFLICTS OF INTEREST. COMMONFUND'S AUTHORIZING LEGISLATION PROVIDES THAT NO TRUSTEE, OFFICER OR EMPLOYEE SHALL RECEIVE ANY DIRECT OR INDIRECT PECUNIARY PROFIT FROM, NOR HAVE ANY DIRECT OR INDIRECT PECUNIARY INTEREST IN, THE OPERATIONS OF COMMONFUND OR ANY FUND ESTABLISHED THEREIN, OTHER THAN SALARY OR COMPENSATION FOR SERVICES RENDERED, REIMBURSEMENT OF EXPENSES, BENEFITS RECEIVED AS A PROPER BENEFICIARY OF ITS STRICTLY EDUCATIONAL AND CHARITABLE PURPOSES. ADDITIONALLY, THESE POLICIES PROVIDE THAT NO AFFECTED PERSON SHALL, WITHOUT THE PRIOR CONSENT OF THE BOARD OF TRUSTEES, HAVE ANY RELATIONSHIP AS DIRECTOR, OFFICER, PARTNER, EMPLOYEE, ADVISORY BOARD MEMBER, OR SIMILAR RELATIONSHIP WITH, NOR HAVE ANY SUBSTANTIAL FINANCIAL INTEREST IN, ANY INVESTMENT MANAGER OR CUSTODIAN BANK OF COMMONFUND OR ANY SECURITIES BROKER/DEALER AFFECTING TRANSACTIONS FOR COMMONFUND. PURSUANT TO THESE POLICIES, OFFICIAL POSITIONS OR FINANCIAL INTERESTS THAT MAY CONFLICT OR APPEAR TO CONFLICT WITH THE INTERESTS OF COMMONFUND ARE DISCLOSED IN ANNUAL QUESTIONNAIRES COMPLETED BY EACH AFFECTED PERSON. RESPONSES TO THESE QUESTIONNAIRES ARE REVIEWED BY THE COMPLIANCE DEPARTMENT AND, IN APPROPRIATE CASES, PROCEDURES ARE ADOPTED SO THAT INDIVIDUALS AVOID PARTICIPATION IN COMMONFUND MATTERS. PERSONS COVERED BY THESE POLICIES ARE REQUIRED TO AFFIRM COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY ANNUALLY AND COMMONFUND'S COMPLIANCE GROUP ENGAGES IN INTERNAL AUDIT PROCEDURES DESIGNED TO TEST SUCH COMPLIANCE THROUGHOUT THE YEAR. FORM 990, PART VI, LINE 15 COMPENSATION POLICY THE PURPOSES OF THE COMPENSATION COMMITTEE ARE TO REVIEW AND PROVIDE ADVICE ON SIGNIFICANT PERSONNEL ISSUES. THIS FUNCTION INCLUDES RESPONSIBILITY: (A) TO REVIEW ANNUALLY THE PRESIDENT'S PERFORMANCE RELATIVE TO GOALS AND TO ESTABLISH HIS/HER COMPENSATION; (B) TO RECEIVE AND DISCUSS THE PRESIDENT'S EVALUATION OF THE MEMBERS OF THE SENIOR EXECUTIVE TEAM AND TO REVIEW AND APPROVE THE PRESIDENT'S PROPOSALS FOR THEIR COMPENSATION; (C) TO REVIEW AND APPROVE COMPENSATION PROGRAMS FOR ALL EMPLOYEES OF THE CORPORATION WITH A RANK OF MANAGING DIRECTOR AND ABOVE INCLUDING INCENTIVE PLANS, RETIREMENT PLANS AND OTHER BENEFIT ARRANGEMENTS; (D) TO REVIEW AND PROVIDE ADVICE CONCERNING THE SUCCESSION PLAN FOR EACH POSITION REPRESENTED ON THE SENIOR EXECUTIVE TEAM AND FOR OTHER POSITIONS IN THE CORPORATION THAT IT DESIGNATES; (E) TO REVIEW STAFFING ARRANGEMENTS FOR THE CORPORATION AND PROVIDE ADVICE WITH RESPECT TO THOSE ARRANGEMENTS; (F) TO CONSIDER AND ADVISE THE PRESIDENT WITH RESPECT TO TERMINATION FOR CAUSE OF EMPLOYEES WITH A RANK ABOVE THAT OF MANAGING DIRECTOR AND, WHEN CONSULTED BY THE PRESIDENT, ON OTHER TERMINATION MATTERS; (G) JOINTLY WITH THE GOVERNANCE COMMITTEE, TO RECOMMEND TO THE BOARD THE COMPENSATION TO BE PAID TO TRUSTEES, INCLUDING THE CHAIR OF THE BOARD; & (H) TO RECEIVE PERIODIC REPORTS FROM THE PRESIDENT ON SUCH PERSONNEL ISSUES AS IT MAY FROM TIME TO TIME IDENTIFY AS SIGNIFICANT AND WORTHY OF ITS CONSIDERATION. TO DISCHARGE THESE RESPONSIBILITIES, IT IS THE PRACTICE OF THE COMPENSATION COMMITTEE TO ENGAGE AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IT IN ITS COMPENSATION-RELATED DUTIES AND TO PROVIDE COMPARABILITY DATA. THIS DATA, AND ISSUES RELATING TO PERFORMANCE BY MEMBERS OF SENIOR MANAGEMENT ARE REVIEWED ANNUALLY BY THE COMMITTEE. THE PRESIDENT PARTICIPATES IN THE DISCUSSION OF PERFORMANCE OF OTHER MEMBERS OF SENIOR MANAGEMENT. THE COMMITTEE MEETS IN EXECUTIVE SESSION OUTSIDE THE PRESENCE OF THE PRESIDENT AND OTHER MEMBERS OF MANAGEMENT TO DISCUSS THE PERFORMANCE OF THE PRESIDENT. MINUTES ARE KEPT OF THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE. THIS PROCESS WAS LAST UNDERTAKEN FOR THE FISCAL YEAR ENDING JUNE 30, 2014. THE NEXT COMPENSATION REVIEW WILL TAKE PLACE IN THE LATE SUMMER/EARLY FALL OF 2015. FORM 990, PART VI, LINE 19 PUBLIC INSPECTION OF ORGANIZATION DOCUMENTS COMMONFUND MAKES AVAILABLE TO THE PUBLIC ITS CONFLICT OF INTERESTS POLICY AND INFORMATION FOR MEMBERS, WHICH CONTAINS, AMONG OTHER INFORMATION, THE RULES OF COMMONFUND, WHICH GOVERN THE STATUS, OPERATION AND INVESTMENT PROGRAMS OF THE VARIOUS INVESTMENT FUNDS MAINTAINED BY COMMONFUND. THESE TWO DOCUMENTS CAN BE ACCESSED BY THE PUBLIC VIA COMMONFUND'S WEBSITE OR UPON REQUEST TO COMMONFUND. COMMONFUND'S FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS OF COMMONFUND. COMMONFUND MAY PROVIDE TO THE PUBLIC COMMONFUND'S FINANCIAL STATEMENTS AND ORIGINAL APPLICATION FOR EXEMPTION UNDER IRC SECTION 501(C)(3) (GRANTED NOVEMBER 3, 1970), UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES ENDOWMENT FUND CROSSFUND INCOME 65,021,558 DISTRIBUTIONS (ENDOWMENT FUNDS) (88,345,177) NET PARTICIPANT TRANSACTIONS (456,415,107) =============== TOTAL (479,738,726) FORM 990, PART XII, LINE 2B & LINE 2D AUDITED FINANCIAL STATEMENTS THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") IS A TAX-EXEMPT MEMBERSHIP CORPORATION OPERATED BY AND FOR ITS MEMBER COLLEGES, UNIVERSITIES AND INDEPENDENT SCHOOLS. TOGETHER WITH ITS SUBSIDIARIES AND AFFILIATES, COMMONFUND PURSUES A MISSION TO IMPROVE INVESTMENT MANAGEMENT PRACTICES AND TO ENHANCE THE FINANCIAL RESOURCES OF THE NONPROFIT COMMUNITY. COMMONFUND WAS ORGANIZED IN 1969 PURSUANT TO A SPECIAL ACT OF THE NEW YORK STATE LEGISLATURE AND COMMENCED OPERATIONS ON JULY 1, 1971. COMMONFUND IS EXEMPT FROM REGISTRATION UNDER THE INVESTMENT COMPANY ACT OF 1940 AND THE INVESTMENT ADVISERS ACT OF 1940. COMMONFUND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTIONS 501(C)(3) AND 501(F) OF THE INTERNAL REVENUE CODE OF 1986. PARTICIPATION IN COMMONFUND IS LIMITED TO ORGANIZATIONS THAT BECOME MEMBERS. MEMBERSHIP IN COMMONFUND IS LIMITED TO EDUCATIONAL INSTITUTIONS DESCRIBED IN SECTION 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE AND EDUCATIONAL SUPPORT ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A)(IV) OF THE CODE. COMMONFUND OFFERS TO ITS MEMBERS A SERIES OF POOLED INVESTMENT FUNDS, EACH OF WHICH HAS ITS OWN INVESTMENT OBJECTIVES, POLICIES AND STRATEGIES. COMMONFUND THUS GIVES ITS MEMBERS THE OPPORTUNITY TO DIVERSIFY THEIR ENDOWMENT PORTFOLIOS ACROSS ASSET CLASSES AND INVESTMENT STRATEGIES EITHER BY INVESTING ALL OF THEIR ASSETS IN SEVERAL INVESTMENT FUNDS OF COMMONFUND OR BY USING INVESTMENTS IN FUNDS OF COMMONFUND TO COMPLEMENT OTHER PORTIONS OF THEIR PORTFOLIOS. COMMONFUND IS AN ORGANIZATION WITHOUT SHAREHOLDERS. THE INVESTMENT FUNDS MAINTAINED BY COMMONFUND ARE NOT SEPARATE LEGAL ENTITIES. THEY ARE POOLS OF ASSETS HELD BY COMMONFUND FOR MANAGEMENT IN ACCORDANCE WITH THE RULES TO WHICH EACH PARTICIPANT AGREES AS A CONDITION OF MEMBERSHIP IN COMMONFUND. FURTHERMORE, THE RULES PROVIDE THAT THE FUNDS ESTABLISHED BY COMMONFUND ARE HELD FOR THE EXCLUSIVE BENEFIT OF THE MEMBERS INVESTING IN THEM. IN ADDITION, COMMONFUND'S NEW YORK CONSTITUENT LEGISLATION PROVIDES THAT THE ASSETS OF ANY FUND ESTABLISHED BY COMMONFUND MAY NOT BE USED TO PAY THE DEBTS OR OBLIGATIONS INCURRED IN THE OPERATION OF ANY OTHER SUCH FUND, OR IN THE OPERATION OF COMMONFUND ON ITS OWN BEHALF. MEMBER FEES AND OTHER REVENUES OF COMMONFUND SUPPORT THE ORGANIZATION AS A WHOLE AND ARE NOT ALLOCATED FOR THE BENEFIT OF PARTICULAR FUNDS OR PRIVATE OWNERS. COMMONFUND OWNS AND CONTROLS A GROUP OF OPERATING SUBSIDIARIES (TOGETHER WITH COMMONFUND, AND COLLECTIVELY, "COMMONFUND GROUP"). THE SUBSIDIARIES HAVE BEEN ORGANIZED AND ARE OPERATED TO ENGAGE IN BUSINESSES OR TO PROVIDE SERVICES THAT ARE OUTSIDE THE SCOPE OF COMMONFUND'S TAX EXEMPTION UNDER SECTION 501(F) OF THE INTERNAL REVENUE CODE. EACH OF THE SUBSIDIARIES IS A TAXABLE ENTITY, AND AS A CONSOLIDATED GROUP THEY FILE A TAX RETURN ON FORM 1120 ANNUALLY. GIVEN COMMONFUND'S UNIQUE ORGANIZATIONAL STRUCTURE, THE FORM 990 FOR THE COMMON FUND FOR NONPROFIT ORGANIZATIONS REFLECTS THE COMBINED ASSETS AND ACTIVITIES OF THE INVESTMENT FUNDS AND OF COMMONFUND ITSELF (ON A PROPRIETARY BASIS, AND NOT INCLUDING THE TAXABLE OPERATING SUBSIDIARIES) AS DETAILED IN THE TABLE BELOW. ANNUAL FINANCIAL STATEMENT AUDITS ARE PERFORMED BY AN INDEPENDENT AUDITOR FOR EACH OF THE INVESTMENT FUNDS OFFERED BY COMMONFUND AND ALSO FOR THE CONSOLIDATED COMMONFUND GROUP. THESE AUDITED FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY COMMONFUND'S BOARD AND ARE DISTRIBUTED TO MEMBER ORGANIZATIONS. COPIES OF THE AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2014 FOR THE INVESTMENT FUNDS AND THE COMMONFUND GROUP ARE AVAILABLE ON COMMONFUND'S WEBSITE WWW.COMMONFUND.ORG. FORM 990, PART XII, LINE 2B TABLE I: SUMMARY BALANCE SHEET MEMBER INVESTMENT FUNDS ASSETS LIABILITIES NET ASSETS INTERMEDIATE TERM 323,321,263 26,191,952 297,129,311 HIGH QUALITY BOND 529,554,910 42,902,991 486,651,919 GLOBAL BOND 12,345,098 81,163 12,263,935 MULTI-STRATEGY BOND 1,088,775,521 59,365,534 1,029,409,987 CORE EQUITY 252,875,846 16,323,121 236,552,725 SMALL CAP 10,341,679 14,800 10,326,879 EQUITY INDEX 148,889,235 1,456,160 147,433,075 EQUITY OPPORTUNITIES 24,323,913 24,323,913 NONE REAL ESTATE SECURITIES 33,431,413 761,555 32,669,858 INTERNATIONAL EQUITY 156,603,625 389,074 156,214,551 EMERGING MARKETS 1,049,940 1,049,940 NONE MULTI-STRATEGY EQUITY 2,037,608,677 43,431,500 1,994,177,177 HEDGE FUND 156,578,155 889,011 155,689,144 GMAP 62,653,901 478,284 62,175,617 ============== ============ ============= TOTAL MEMBER INVESTMENT FUNDS 4,838,353,176 217,658,998 4,620,694,178 COMMONFUND 38,321,255 31 38,753,032 ============== ============ ============= FORM 990 TOTALS 4,877,106,208 233,668,380 4,877,106,208 FORM 990 REFERENCE - PART I LN 20 LN 21 LN 22 FORM 990, PART XII, LINE 2B TABLE II: SUMMARY REVENUE AND EXPENSES MEMBER INVESTMENT FUNDS REVENUE EXPENSES NET INCOME INTERMEDIATE TERM 2,637,883 944,698 1,693,185 HIGH QUALITY BOND 14,518,979 1,311,339 13,207,640 GLOBAL BOND 44,471 NONE 44,471 MULTI-STRATEGY BOND 28,711,078 310,391 28,400,687 CORE EQUITY 26,155,095 625,967 25,529,128 SMALL CAP 12,034,183 4,595 12,029,588 EQUITY INDEX 30,330,499 63,279 30,267,220 EQUITY OPPORTUNITIES 10,989,150 226,466 10,762,684 REAL ESTATE SECURITIES 2,878,870 224,579 2,654,291 INTERNATIONAL EQUITY 9,979,674 136,061 9,843,613 EMERGING MARKETS (1,921,773) NONE (1,921,773) MULTI-STRATEGY EQUITY 175,956,777 2,196,408 173,760,369 HEDGE FUND 25,789,487 880,049 24,909,438 GMAP 46,633 NONE 46,633 ============= =========== ============= TOTAL MEMBER INVESTMENT FUNDS 338,151,006 6,923,832 331,227,174 COMMONFUND 28,615,091 24,976,549 3,638,543 ============= =========== ============= FORM 990 TOTALS 366,766,097 31,900,381 334,865,717 FORM 990 REFERENCE - PART I LN 12 LN 18 LN 19 FAIRFIELD PARTNERS MANAGEMENT LLC 15 OLD DANBURY RD WILTON CT 06897 061526538 INVESTMENTS DE FP HOLDINGS FAIRFIELD PARTNERS 1999 LLC 15 OLD DANBURY RD WILTON CT 06897 061543740 INVESTMENTS DE FP HOLDINGS FAIRFIELD PARTNERS 2000 LLC 15 OLD DANBURY RD WILTON CT 06897 061563276 INVESTMENTS DE FP HOLDINGS FAIRFIELD PARTNERS 2001 LLC 15 OLD DANBURY RD WILTON CT 06897 061596800 INVESTMENTS DE FP HOLDINGS FAIRFIELD PARTNERS 2003 LLC 15 OLD DANBURY RD WILTON CT 06897 141856949 INVESTMENTS DE FP HOLDINGS FAIRFIELD PARTNERS 2005 LLC 15 OLD DANBURY RD WILTON CT 06897 760779971 INVESTMENTS DE FP HOLDINGS FAIRFIELD PARTNERS 2007 LP 15 OLD DANBURY RD WILTON CT 06897 743191547 INVESTMENTS DE FP 2007 LLC FAIRFIELD PARTNERS 2009 LP 15 OLD DANBURY RD WILTON CT 06897 263180064 INVESTMENTS DE FP 2009 LLC FAIRFIELD PARTNERS 2012 LP 15 OLD DANBURY RD WILTON CT 06897 900885809 INVESTMENTS DE FP 2012 LLC CFR PARTNERS MANAGEMENT LLC 15 OLD DANBURY RD WILTON CT 06897 061550128 INVESTMENTS DE CF REALTYINC CFR INVESTMENT MANAGEMENT LLC 15 OLD DANBURY RD WILTON CT 06897 061549982 INVESTMENTS DE CF REALTYINC COMMONFUND MANAGEMENT COMPANY 2003 LLC 15 OLD DANBURY RD WILTON CT 06897 800738198 INVESTMENTS DE COMANCO COMMONFUND MANAGEMENT COMPANY 2005 LLC 15 OLD DANBURY RD WILTON CT 06897 INVESTMENTS DE COMANCO FAIRFIELD PARTNERS 2007 LLC 15 OLD DANBURY RD WILTON CT 06897 020788278 INVESTMENTS DE FP HOLDINGS FAIRFIELD PARTNERS 2009 LLC 15 OLD DANBURY RD WILTON CT 06897 INVESTMENTS DE FP HOLDINGS FAIRFIELD PARTNERS 2012 LLC 15 OLD DANBURY RD WILTON CT 06897 383885906 INVESTMENTS DE FP HOLDINGS WILTON PARTNERS LLC 15 OLD DANBURY ROAD WILTON CT 06987 800961146 INVESTMENTS DE FP HOLDINGS WILTON PARTNERS LP 15 OLD DANBURY ROAD WILTON CT 06897 901028588 INVESTMENTS DE WILTON LLC FAIRFIELD PARTNERS 2014 LP 15 OLD DANBURY ROAD WILTON CT 06897 320449467 INVESTMENTS DE FP HOLDINGS FAIRFIELD PARTNERS 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false false COMMONFUND CAP VENTURE VIII 15 OLD DANBURY RD WILTON CT 06897 113814030 INVESTMENTS DE FP 2007 LLC false false COMMONFUND CAP PRIV EQUITY VII 15 OLD DANBURY RD WILTON CT 06897 208306306 INVESTMENTS DE FP 2007 LLC false false COMMONFUND CAP INTNTL VI 15 OLD DANBURY RD WILTON CT 06897 208306365 INVESTMENTS DE FP 2007 LLC false false COMMONFUND CAPITAL PARTNERS IV 15 OLD DANBURY RD WILTON CT 06897 260611788 INVESTMENTS DE FP 2007 LLC false false COMMONFUND CAP NAT RES VIII 15 OLD DANBURY RD WILTON CT 06897 263180228 INVESTMENTS DE FP 2009 LLC false false COMMONFUND CAP VENTURE PTRS IX 15 OLD DANBURY RD WILTON CT 06897 264138517 INVESTMENTS DE FP 2009 LLC false false COMMONFUND CAP PRIV EQUIT VIII 15 OLD DANBURY RD WILTON CT 06897 274641880 INVESTMENTS DE FP 2009 LLC false false COMMONFUND CAP INTNTL VII 15 OLD DANBURY RD WILTON CT 06897 263669321 INVESTMENTS DE FP 2009 LLC false false COMMONFUND CAPITAL PARTNERS V LP 15 OLD DANBURY RD WILTON CT 06897 383844471 INVESTMENTS DE 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INVESTMENTS DE FP 2012 LP false false FAIRFIELD PARTNERS HOLDINGS LP 15 OLD DANBURY RD WILTON CT 06897 452635502 INVESTMENTS DE CF CAPITAL INC false false CF INTERNATIONAL PARTNERS VIII LP 15 OLD DANBURY ROAD WILTON CT 06897 320433003 INVESTMENTS DE FP 2012 LP false false CF CAP US PRIVATE EQUITY PARTNERS IX LP 15 OLD DANBURY ROAD WILTON CT 06897 364778201 INVESTMENTS DE FP 2012 LP false false CF CAP STAT SOLGLOBAL PRIV EQTY FUND 15 OLD DANBURY ROAD WILTON CT 06897 383932557 INVESTMENTS DE FP 2012 LP false false CF CAP GLOBAL PRIV EQUITY PARTNERS 2014 15 OLD DANBURY ROAD WILTON CT 06897 352494857 INVESTMENTS DE FP 2012 LP false false CF CAPITAL VENTURE PARTNERS XI LP 15 OLD DANBURY ROAD WILTON CT 06897 472004432 INVESTMENTS DE FP 2014 LP false false CF CAPITAL CO-INVEST OPP 2015 FUND LP 15 OLD DANBURY ROAD WILTON CT 06897 472478976 INVESTMENTS DE FP 2014 LP false false CUMMINGS FDN PRIVATE CAPITAL FUND LP 15 OLD DANBURY ROAD WILTON CT 06897 901028644 INVESTMENTS DE WILTON LP false false CF HOLDING COMPANY INC 15 OLD DANBURY ROAD PO BOX 812 WILTON CT 068970812 061481429 INVESTMT ADVI DE CF NONPROFIT C 1.00000 true CF CAPITAL INC 15 OLD DANBURY ROAD PO BOX 812 WILTON CT 068970812 061225208 INVESTMT ADVI DE CF HOLDING CO C true OLD DANBURY ROAD LESSEE CORP 15 OLD DANBURY ROAD PO BOX 812 WILTON CT 068970812 061539683 REAL ESTATE DE CF HOLDING CO C true CF REALTY INC 15 OLD DANBURY ROAD PO BOX 812 WILTON CT 068970812 061493690 INVESTMT ADVI DE CF HOLDING CO C true CF SECURITIES INC 15 OLD DANBURY ROAD PO BOX 812 WILTON CT 068970812 061493044 SECURITIES DE DE CF HOLDING CO C true OLD DANBURY ROAD CORP 15 OLD DANBURY ROAD PO BOX 812 WILTON CT 068970812 061539685 REAL ESTATE DE CF HOLDING CO C true CF ASSET MANAGEMENT CO 15 OLD DANBURY ROAD PO BOX 812 WILTON CT 068970812 061547454 INVESTMT ADVI DE CF HOLDING CO C true CF CREDIT OPPORTUNITIES COMPANY UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980444876 INVESTMENTS CJ CF NONPROFIT C 51984505 999493814 0.71000 true CF EMERGING MARKETS INVESTORS COMPANY UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980412952 INVESTMENTS CJ COMANCO C true CF HEDGED INVESTORS COMPANY UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980345743 INVESTMENTS CJ COMANCO C 18192765 169292138 0.56000 true CF DIVERSIFYING HEDGE STRATEGY UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980345747 INVESTMENTS CJ CF HEDG INV C true CF HEDGED EQUITY COMPANY UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980345744 INVESTMENTS CJ CF HEDG INV C true CF GLOBAL ABSOLUTE ALPHA COMPANY UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980557382 INVESTMENTS CJ COMANCO C 4366324 56928615 0.26000 true CF WATER STREET CO UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980608075 INVESTMENTS CJ COMANCO C true COMMONFUND UK LTD BERKELEY SQUARE HOUSE LONDON UNITED KINGDOM CJ W1J6BD 999999999 INVESTMENTS UK CF CAPITAL INC C true CF STRATEGIC SOLUTIONS GLBL HDG EQ CO UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980641392 INVESTMENTS CJ COMANCO C true CF STRATEGIC SOLUTIONS RELATIVE VALUE UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980641391 INVESTMENTS CJ COMANCO C true CF STRATEGIC SOLUTIONS DIVERSIFYING CO UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980641395 INVESTMENTS CJ COMANCO C true CFI MULTI-STRATEGY COMMODITIES FUND UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980446119 INVESTMENTS CJ COMANCO C true CFI REAL RETURN BOND FUND LTD UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980427507 INVESTMENTS CJ COMANCO C true CF INSTITUTIONAL COMMODITIES LTD UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 980706078 INVESTMENTS CJ COMANCO C true CGDI CAYMAN MASTER FUND UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 753251083 INVESTMENTS CJ COMANCO C true CD STATION LLC 15 OLD DANBURY ROAD PO BOX 812 WILTON CT 06897 043459200 INVESTMENTS DE OLD DNBRY RD CO C true CF EQUITY MARKET NEUTRAL COMPANY UGLAND HOUSE S CHURCH ST GRAND CAYMAN CJ KY1-1104 981142782 INVESTMENTS CJ COMANCO C true false true true false false false false false false false false true true true false true true false false COMMONFUND HOLDING CO & SUBSIDIARIES SEE P TRANSFER PRICING AGREEMENT THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") IS A NONPROFIT MEMBERSHIP CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NEW YORK. COMMONFUND HAS AFFILIATIONS WITH COMMONFUND HOLDING COMPANY, INC. AND SUBSIDIARIES (COMMONFUND AND COMMONFUND HOLDINGS COMPANY, INC. AND SUBSIDIARIES COLLECTIVELY "COMMONFUND GROUP"). COMMONFUND GROUP HAS A MASTER INTERCOMPANY AGREEMENT THAT PROVIDES FOR INVESTMENT ADVISORY AND DISTRIBUTION SERVICE ARRANGEMENTS AMONGST THE GROUP, FACILITIES SHARING AND SUPPORT SERVICES BY COMMONFUND. THE INTERCOMPANY AGREEMENT ALSO PROVIDES FOR THE ARM'S LENGTH CHARGE FOR THE ALLOCATION OF REVENUE AND COST (PURSUANT TO SECTION 482 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED AND REGULATIONS THEREUNDER) AMONG THE COMPANIES IN THE COMMONFUND GROUP.