UNIVERSITY OF RICHMOND: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: UNIVERSITY OF RICHMOND (EIN 54-0505965)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2014-05-14
IRS object ID: 201401349349300310
Schema version: 2012v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-05-14T07:48:20-05:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PricewaterhouseCoopers LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1301 K STREET NW SUITE 800W	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	200053333	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	540505965	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	UNIVERSITY OF RICHMOND	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of Name	% LAURIE F MELVILLE	InCareOfName
Name Control	UNIV	NameControl
Phone	8044841523	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	201 MARYLAND HALL	AddressLine1
Address Line2	Suite	AddressLine2
City	RICHMOND	City
State	VA	State
ZIP Code	231730001	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID HALE	Name
Title	VP FOR BUS & FIN, TREAS	Title
Phone	8044841523	Phone
Date Signed	2014-05-13	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	2024141000	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	EDWARD L AYERS	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	201 MARYLAND HALL	AddressLine1
City	RICHMOND	City
State	VA	State
ZIP Code	231730001	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	807037924	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.RICHMOND.EDU	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1830	YearFormation
State Legal Domicile	VA	StateLegalDomicile
Activity Or Mission Description	TO OPERATE A UNIVERSITY FOR ACADEMIC, SCIENTIFIC, AND PROFESSIONAL EDUCATION AND LEARNING.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	22	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	19	NbrIndependentVotingMembers
Total Nbr Employees	4771	TotalNbrEmployees
Total Nbr Volunteers	1927	TotalNbrVolunteers
Total Gross UBI	13119158	TotalGrossUBI
Net Unrelated Business Txbl Income	4107065	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	17222789	ContributionsGrantsPriorYear
Contributions Grants Current Year	26847225	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	181340750	ProgramServiceRevenuePriorYear
Program Service Revenue CY	187719131	ProgramServiceRevenueCY
Investment Income Prior Year	131805849	InvestmentIncomePriorYear
Investment Income Current Year	202366527	InvestmentIncomeCurrentYear
Other Revenue Prior Year	26506253	OtherRevenuePriorYear
Other Revenue Current Year	30636117	OtherRevenueCurrentYear
Total Revenue Prior Year	356875641	TotalRevenuePriorYear
Total Revenue Current Year	447569000	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	69661769	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	70955963	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	135788453	SalariesEtcPriorYear
Salaries Etc Current Year	146270973	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	60978	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	47491	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	10819350	TotalFundrsngExpCurrentYear
Other Expense Prior Year	79868129	OtherExpensePriorYear
Other Expenses Current Year	93643662	OtherExpensesCurrentYear
Total Expenses Prior Year	285379329	TotalExpensesPriorYear
Total Expenses Current Year	310918089	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	71496312	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	136650911	RevenuesLessExpensesCY
Total Assets BOY	2268771810	TotalAssetsBOY
Total Assets EOY	2509346486	TotalAssetsEOY
Total Liabilities BOY	271889814	TotalLiabilitiesBOY
Total Liabilities EOY	327257683	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1996881996	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2182088803	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	THE MISSION OF THE UNIVERSITY OF RICHMOND IS TO SUSTAIN A COLLABORATIVE LEARNING AND RESEARCH COMMUNITY THAT SUPPORTS THE PERSONAL DEVELOPMENT OF ITS MEMBERS AND THE CREATION OF NEW KNOWLEDGE. THE RICHMOND PROMISE, THE UNIVERSITY'S STRATEGIC PLAN, ESTABLISHES HOW RICHMOND WILL PURSUE ITS MISSION FOR THE NEXT FIVE YEARS. THE LARGER PURPOSE IS TO OPERATE AS A MODEL INSTITUTION OF HIGHER EDUCATION, SUSTAINING A SUPERB FACULTY AND STAFF, AND ADMINISTERING THE INSTITUTION WITH THE HIGHEST STANDARDS OF INNOVATION AND PROFESSIONALISM. THE STRATEGIC PLAN AIMS TO FULFILL THE MISSION ESTABLISHED BY THE BOARD OF TRUSTEES: TO "SUSTAIN A COLLABORATIVE LEARNING AND RESEARCH COMMUNITY THAT SUPPORTS THE PERSONAL DEVELOPMENT OF ITS MEMBERS AND THE CREATION OF NEW KNOWLEDGE. A RICHMOND EDUCATION PREPARES STUDENTS TO LIVE LIVES OF PURPOSE, THOUGHTFUL INQUIRY, AND RESPONSIBLE LEADERSHIP IN A GLOBAL AND PLURALISTIC SOCIETY."	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	146679376	Expense
Grants	70955963	Grants
Revenue	169108151	Revenue
Description	INSTRUCTION - SEE SCHEDULE O.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	37175300	Expense
Description	ACADEMIC SUPPORT - SEE SCHEDULE O.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	39640186	Expense
Revenue	32338723	Revenue
Description	AUXILIARY ENTERPRISES - SEE SCHEDULE O.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	31067118	TotalOfOtherProgramServiceExp
Total Program Service Expense	254561980	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	true	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	true	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	true	MoreThan5000KToIndividuals
Professional Fundraising	true	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	true	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	true	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	true	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	true	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	true	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	true	RelatedOrgControlledEntity
Transaction Related Entity	true	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	6464	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	4771	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	true	QuidProQuoContributions
Quid Pro Quo Disclosure	true	QuidProQuoDisclosure
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	22	NbrVotingGoverningBodyMembers
Number Independent Voting Members	19	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	LAURIE F MELVILLE	NamePerson
Telephone Number	8044841523	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	201 MARYLAND HALL	AddressLine1
City	RICHMOND	City
State	VA	State
ZIP Code	231730001	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (42 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee	FormerFormer
R LEWIS BOGGS
TRUSTEE	2.0	0.0	X	0	0	0
ALAN W BREED
TRUSTEE	2.0	0.0	X	0	0	0
TIMOTHY W FINCHEM
TRUSTEE	2.0	0.0	X	0	0	0
ROGER L GREGORY
TRUSTEE	2.0	0.0	X	0	0	0
MELANIE L HEALEY
TRUSTEE	2.0	0.0	X	0	0	0
SUSAN M HUMPHREVILLE
TRUSTEE	2.0	0.0	X	0	0	0
RICHARD S JOHNSON
TRUSTEE	2.0	0.0	X	0	0	0
CHARLES A LEDSINGER JR
RECTOR	7.0	0.0	X	0	0	0	X
PAUL B QUEALLY
TRUSTEE	2.0	0.0	X	0	0	0
PATRICIA L ROWLAND
VICE-RECTOR	7.0	0.0	X	0	0	0	X
ROBERT S UKROP
TRUSTEE (THROUGH 12/2012)	2.0	0.0	X	0	0	0
ALLISON P WEINSTEIN
TRUSTEE	2.0	0.0	X	0	0	0
LYNNE E WASHINGTON
TRUSTEE	2.0	0.0	X	0	0	0
JEFFREY M LACKER
TRUSTEE	2.0	0.0	X	0	0	0
ANN CAROL MARCHANT
TRUSTEE	2.0	0.0	X	0	0	0
LELAND D MELVIN
TRUSTEE	2.0	0.0	X	0	0	0
LEONARD W SANDRIDGE JR
TRUSTEE	2.0	0.0	X	0	0	0
SUZANNE F THOMAS
TRUSTEE	2.0	0.0	X	0	0	0
EDWARD L AYERS
PRESIDENT	40.0	0.0	X	870088	0	230682	X
STEPHEN J ARONSON
TRUSTEE (AS OF 7/2012)	2.0	0.0	X	0	0	0
HERBERT H MCDADE III
TRUSTEE (AS OF 7/2012)	2.0	0.0	X	0	0	0
WILLIAM H MCLEAN
TRUSTEE (AS OF 7/2012)	2.0	0.0	X	0	0	0
MICHAEL S SEGAL
TRUSTEE (AS OF 1/2013)	2.0	0.0	X	0	0	0
HOSSEIN SADID
VP BUSINESS & FINANCE/TREAS	40.0	0.0		363615	0	51679	X
STEPHEN ALLRED
PROVOST & VP ACAD AFFAIRS	40.0	0.0		328218	0	52074	X
ANN LLOYD BREEDEN
SECRETARY	40.0	0.0		209606	0	31476	X
SRINIVAS PULAVARTI
PRES., SMC (THROUGH 6/2012)	40.0	0.0		888127	0	962014		X
KATHRYN MONDAY
VP, INFO SERVICES	40.0	0.0		215152	0	29976		X
STEPHEN BISESE
VP, STUDENT DEVELOPMENT	40.0	0.0		199713	0	39393		X
LORRAINE SCHUYLER
CHIEF OF STAFF	40.0	0.0		152067	0	38092		X
ANNE TESSIER
VP ENROLLMENT MGMT	40.0	0.0		199311	0	31880		X
KATHLEEN SKERRETT
DEAN, ARTS & SCIENCES	40.0	0.0		222577	0	29265		X
WENDY PERDUE
DEAN, LAW	40.0	0.0		343624	0	50510		X
ROBIN BLANDFORD
PRESIDENT, SMC	40.0	0.0		692278	0	1279330		X
STEPHEN KNEELEY
CEO, SPIDER MANAGEMENT COMPANY	40.0	0.0		576279	0	34013		X
CHRISTOPHER MOONEY
BASKETBALL COACH	40.0	0.0		744617	0	400524			X
DANIEL ROCCO
FOOTBALL COACH	40.0	0.0		360775	0	76897			X
GILL HICKMAN
PROFESSOR	40.0	0.0		338970	0	14320			X
DARYL DANCE
PROFESSOR	40.0	0.0		306643	0	8147			X
MATTHEW WERNER
ASSOC DIRECTOR, SMC	40.0	0.0		293727	0	32682			X
ANDREW NEWCOMB
FORMER DEAN, ARTS & SCIENCES	40.0	0.0		236689	0	35743				X
JOHN DOUGLASS
FORMER DEAN, LAW	40.0	0.0		250262	0	35118				X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	7792338	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	3463815	TotalOtherCompensation
Number Individuals GT100 K	237	NumberIndividualsGT100K
Formers Listed	true	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
RVA CONSTRUCTION LLC
515 HULL ST	RICHMOND	VA	23224	CONSTRUCTION	4960766
THE CAPSTONE CONTRACTING COMPANY
4235 INNSLAKE DR SUITE 110	GLEN ALLEN	VA	23060	CONSTRUCTION	1587415
VIRTEXCO CORPORATION
7840 FOREST HILL AVE SUITE A	RICHMOND	VA	23225	CONSTRUCTION	1332062
SHAW SPORTS TURF
MAIL DROP 266 PO BOX 630862	CINCINATTI	OH	45263	GOODS & SERVICES	1115613
RICOH MANAGEMENT SERVICES
PO BOX 4245	CAROL STREAM	IL	60197	MAIL SVC / EQUIP RNT	903591

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	63	NumberOfContractorsGT100K
Government Grants	3034901	GovernmentGrants
All Other Contributions	23812324	AllOtherContributions
Noncash Contributions	1246101	NoncashContributions
Total Contributions	26847225	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
TUITION & FEES	611600	168869484	168869484
AUXILIARY ENTERPRISES	900099	18200115	17700174	499941
SUMMER CAMPS & CONFERENCES	900099	649532		649532

Field	Value	IRS element (for citing)
Total Program Service Revenue	187719131	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	111271925	TotalRevenueColumn
Unrelated Business Revenue	-1464863	UnrelatedBusinessRevenue
Exclusion	$112,736,788	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	96378	TotalRevenueColumn
Exclusion	$96,378	ExclusionAmount

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	60985	TotalRevenueColumn
Related Or Exempt Function Income	60985	RelatedOrExemptFunctionIncome

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	3473826	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	3473826	Real
Personal	0	Personal

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	3473826	TotalRevenueColumn
Exclusion	$3,473,826	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	442102753	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	350565741	Securities
Other	538788	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	91537012	Securities
Other	-538788	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	90998224	TotalRevenueColumn
Exclusion	$90,998,224	ExclusionAmount

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	21862655	GrossSalesOfInventory
Cost Of Goods Sold	8364395	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	13498260	TotalRevenueColumn
Related Or Exempt Function Income	13428091	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	70169	UnrelatedBusinessRevenue

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Unrelated Business RevenueUnrelatedBusinessRevenue	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
RFMC MANAGEMENT FEE	525990	12761222	12761222
OTHER MISCELLANEOUS	900099	841824	603157	238667

Field	Value	IRS element (for citing)
Total Other Revenue	13603046	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	447569000	TotalRevenueColumn
Related Or Exempt Function Income	200297401	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	13119158	UnrelatedBusinessRevenue
Exclusion	$207,305,216	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	67306758	Total
Program Services	67306758	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	3649205	Total
Program Services	3649205	ProgramServices

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	5647589	Total
Program Services	888843	ProgramServices
Management And General	4758746	ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	110403754	Total
Program Services	92369971	ProgramServices
Management And General	12256079	ManagementAndGeneral
Fundraising	5777704	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	8429558	Total
Program Services	7240331	ProgramServices
Management And General	735008	ManagementAndGeneral
Fundraising	454219	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	13340927	Total
Program Services	12105647	ProgramServices
Management And General	505523	ManagementAndGeneral
Fundraising	729757	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	8449145	Total
Program Services	7014581	ProgramServices
Management And General	999495	ManagementAndGeneral
Fundraising	435069	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	208118	Total
Program Services	10037	ProgramServices
Management And General	198081	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	313196	Total
Program Services	1000	ProgramServices
Management And General	312196	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	47491	Total
Fundraising	47491	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	11048826	Total
Program Services	8321985	ProgramServices
Management And General	2052716	ManagementAndGeneral
Fundraising	674125	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	993872	Total
Program Services	852130	ProgramServices
Management And General	40537	ManagementAndGeneral
Fundraising	101205	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	16643441	Total
Program Services	9794911	ProgramServices
Management And General	5640644	ManagementAndGeneral
Fundraising	1207886	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	2536713	Total
Program Services	2351184	ProgramServices
Management And General	161539	ManagementAndGeneral
Fundraising	23990	Fundraising

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	5288142	Total
Program Services	5244261	ProgramServices
Management And General	43881	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	6615436	Total
Program Services	5670327	ProgramServices
Management And General	516163	ManagementAndGeneral
Fundraising	428946	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	7339746	Total
Program Services	5997190	ProgramServices
Management And General	1342556	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	18836265	Total
Program Services	14720569	ProgramServices
Management And General	4115696	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1352719	Total
Program Services	712997	ProgramServices
Management And General	639722	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral	Program ServicesProgramServices	FundraisingFundraising
PURCHASE OF RFMC INTERESTS	6798134	6798134
RFMC MANAGEMENT FEE EXPENSE	1391364	1391364
LIBRARY BOOKS & MATERIALS	5054732	2425	5047574	4733
EQUIP RENTAL & MAINTENANCE	2963313	1423195	1476574	63544

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	6259645	Total
Program Services	3785905	ProgramServices
Management And General	1603059	ManagementAndGeneral
Fundraising	870681	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	310918089	Total
Program Services	254561980	ProgramServices
Management And General	45536759	ManagementAndGeneral
Fundraising	10819350	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	119020756	BOY
EOY	202844709	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	12424573	BOY
EOY	12879818	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	2514185	BOY
EOY	2492572	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	59663	BOY
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	4385622	BOY
EOY	4477879	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	2010049	BOY
EOY	1940390	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	9161534	BOY
EOY	7905252	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	607524835	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	314358539	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	289193386	BOY
EOY	293166296	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	53708134	BOY
EOY	51297517	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	1769716520	BOY
EOY	1925950178	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	6577388	BOY
EOY	6391875	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2268771810	BOY
EOY	2509346486	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	26458864	BOY
EOY	35816106	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	12066752	BOY
EOY	12459506	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	173951311	BOY
EOY	232538618	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	59412887	BOY
EOY	46443453	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	271889814	BOY
EOY	327257683	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	980826558	BOY
EOY	1083889795	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	683535364	BOY
EOY	752171139	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	332520074	BOY
EOY	346027869	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1996881996	BOY
EOY	2182088803	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2268771810	BOY
EOY	2509346486	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	136650911	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	29947760	ReconciliationUnrealizedInvest
Reconcilation Other Changes	18608136	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Consolidated	X	FinancialStatementConsolidated

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amts		ArtPublicExhibitionAmts
Held Works Of Art Amts		HeldWorksOfArtAmts
Collect Used For Public Exhibition	X	CollectUsedForPublicExhibition
Collect Used For Scholar Research	X	CollectUsedForScholarResearch
Collect Used For Preservation	X	CollectUsedForPreservation
Collect Used For Loan Or Exch Prgrms	X	CollectUsedForLoanOrExchPrgrms
Solicited Assets For Sale	false	SolicitedAssetsForSale

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1874291569	BeginningOfYearBalance
Contributions	12917272	Contributions
Investment Earnings Or Losses	230944400	InvestmentEarningsOrLosses
Other Expenditures	78604938	OtherExpenditures
Administrative Expenses	963249	AdministrativeExpenses
End Of Year Balance	2038585054	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1888019289	BeginningOfYearBalance
Contributions	18219571	Contributions
Investment Earnings Or Losses	50881421	InvestmentEarningsOrLosses
Other Expenditures	81890794	OtherExpenditures
Administrative Expenses	937918	AdministrativeExpenses
End Of Year Balance	1874291569	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1631928742	BeginningOfYearBalance
Contributions	17549619	Contributions
Investment Earnings Or Losses	317202716	InvestmentEarningsOrLosses
Other Expenditures	77517809	OtherExpenditures
Administrative Expenses	1143979	AdministrativeExpenses
End Of Year Balance	1888019289	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1393253972	BeginningOfYearBalance
Contributions	105146714	Contributions
Investment Earnings Or Losses	138996408	InvestmentEarningsOrLosses
Other Expenditures	5468352	OtherExpenditures
End Of Year Balance	1631928742	EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1707377490	BeginningOfYearBalance
Contributions	1382356	Contributions
Investment Earnings Or Losses	-251435539	InvestmentEarningsOrLosses
Other Expenditures	64070335	OtherExpenditures
End Of Year Balance	1393253972	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.50000	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.16000	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.34000	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	true	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	true	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	true	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	21174657	OtherCostOrOtherBasis
Book Value	21174657	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	368708278	OtherCostOrOtherBasis
Depreciation	165882321	Depreciation
Book Value	202825957	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	0	OtherCostOrOtherBasis
Depreciation	0	Depreciation
Book Value	0	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	89868450	OtherCostOrOtherBasis
Depreciation	78830180	Depreciation
Book Value	11038270	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	127773450	OtherCostOrOtherBasis
Depreciation	69646038	Depreciation
Book Value	58127412	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	293166296	TotalOfBookValueLandBuildings
Financial Derivatives		FinancialDerivatives
Closely Held Equity Interests		CloselyHeldEquityInterests

Other Securities OtherSecurities (5 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
INVESTMENTS- HEDGE FUNDS	1309553308	F
INVESTMENTS- PRIVATE EQUITY	403806561	F
INVESTMENTS- OTHER FUNDS	205300347	F
INVESTMENTS- OTHER INVESTMENTS	6066151	F
INVESTMENTS- COMMINGLED FUNDS	1223811	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	1925950178	TotalOfBookValueSecurities
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
FUNDS HELD BY OTHERS	$254,083
ANNUITIES PAYABLE	$6,042,408
POST RETIREMENT BENEFITS	$13,750,796
INTEREST RATE SWAP LIABILITY	$21,835,240
US GOVERNMENT GRANTS REFUNDABLE	$4,560,926

Field	Value	IRS element (for citing)
Total Of Amounts	46443453	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)

IdentifierIdentifier	ExplanationExplanation	Return ReferenceReturnReference
PART III, LINE 1A:	THE UNIVERSITY'S COLLECTIONS OF HISTORICALLY SIGNIFICANT ARTIFACTS, SCIENTIFIC SPECIMENS, AND ART OBJECTS ARE HELD FOR EDUCATION, RESEARCH, SCIENTIFIC INQUIRY, AND PUBLIC EXHIBITION. THEIR VALUE IS NOT REFLECTED IN THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS, AS PERMITTED BY FASB ASC TOPIC 958, ACCOUNTING FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE.
PART III, LINE 4:	THE LIBRARY OWNS SEVERAL THOUSAND RARE BOOKS. THESE ARE USED FOR TEACHING, STUDY, AND RESEARCH. THEY ARE PRESERVED SO FUTURE GENERATIONS WILL BE ABLE TO USE THEM. THE LIBRARY OWNS THREE PORTRAITS OF FIGURES ASSOCIATED WITH THE UNIVERSITY'S HISTORY. IT ALSO OWNS PORTRAITS OF FIGURES ASSOCIATED WITH THE UNIVERSITY'S HISTORY AND FACSIMILE SHEETS OF MEDIEVAL MUSIC, ALL OF WHICH ARE ON DISPLAY. THE COLLECTIONS OF THE UNIVERSITY MUSEUMS INCLUDE FINE ART, ARTIFACTS, AND DECORATIVE ARTS, RANGING FROM ANCIENT CULTURES IN GREECE AND CHINA TO CONTEMPORARY WORKS OF ART, AND SPANNING ARTISTS OF LOCAL, NATIONAL, AND INTERNATIONAL ORIGIN. THE UNIVERSITY MUSEUMS PROVIDE THE OPPORTUNITY FOR THE APPRECIATION, KNOWLEDGE, RESEARCH, AND SCHOLARSHIP OF ART, CULTURAL HISTORY, AND SCIENCE THROUGH ON-CAMPUS AND TRAVELING EXHIBITIONS, SCHOLARLY PUBLICATIONS, AND ACADEMIC AND PUBLIC EDUCATIONAL PROGRAMS. THESE PROGRAMS INCLUDE SPECIAL COURSES, LECTURES, GALLERY TALKS, ARTISTS' RESIDENCIES, WORKSHOPS, CONCERTS, SYMPOSIA AND OTHER EVENTS. THE UNIVERSITY MUSEUMS' EDUCATION AND RESEARCH ACTIVITIES COMPLEMENT AND SUPPORT THE EDUCATIONAL MISSION OF THE UNIVERSITY OF RICHMOND BY BEING INTEGRATED WITH THE UNIVERSITY'S ACADEMIC PROGRAMS AND UTILIZING STUDENT, FACULTY, AND STAFF INVOLVEMENT, INTERNSHIPS, RESEARCH FELLOWSHIPS, AND WORK/STUDY POSITIONS FOR STUDENTS ENHANCE THE MUSEUMS'S OFFERINGS.
PART V, LINE 4:	THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES SUCH AS SCHOLARSHIPS AND CONTRIBUTIONS TO EDUCATIONAL AND GENERAL EXPENSES. THE SPENDING POLICY ALLOWS ENDOWMENT FUNDS TO MEET CURRENT OPERATING NEEDS OF THE UNIVERSITY BY PROVIDING YEAR-TO-YEAR BUDGET STABILITY AND PROTECTING THE FUTURE PURCHASING POWER OF THE ENDOWMENT ASSETS AGAINST THE IMPACT OF INFLATION.
PART X, LINE 2:	THE UNIVERSITY RECEIVED A LETTER FROM THE INTERNAL REVENUE SERVICE DATED SEPTEMBER 1941, EXEMPTING THE UNIVERSITY FROM INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. RICHMOND QUADRANGLE, LLC AND SMC ARE LIMITED LIABILITY CORPORATIONS, WHICH WILL ULTIMATELY PASS ALL OF THEIR INCOME THROUGH TO THE UNIVERSITY. RFMC IS A LIMITED LIABILITY CORPORATION AND THE RICHMOND FUND IS A LIMITED PARTNERSHIP. RFMC AND THE RICHMOND FUND DO NOT RECORD PROVISIONS FOR INCOME TAXES BECAUSE THE MEMBERS AND PARTNERS, RESPECTIVELY, REPORT THEIR SHARE OF THE ENTITIES' INCOME OR LOSS ON THEIR INCOME TAX RETURNS. TAX POSITIONS ARE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH A CHANGE IN JUDGMENT OCCURS. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE UNIVERSITY RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN ACCOUNTS PAYABLE AND ACCRUED LIABILITIES, IF ASSESSED. NO INTEREST EXPENSE OR PENALTIES HAVE BEEN RECOGNIZED AS OF AND FOR THE YEARS ENDED JUNE 30, 2013 AND 2012. FOR ALL OPEN TAX YEARS, THE UNIVERSITY HAS ANALYZED FILING POSITIONS IN ALL OF THE FEDERAL, STATE AND FOREIGN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, INCLUDING THE UNIVERSITY'S STATUS AS A TAX-EXEMPT ORGANIZATION. THE UNIVERSITY BELIEVES ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE TO ITS FINANCIAL POSITION. AS OF JUNE 30, 2013, THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE MAJOR TAX JURISDICTIONS UNDER THE STATUTE OF LIMITATIONS IS FROM THE YEAR 2006 FORWARD.	UNCERTAIN TAX POSITION FOOTNOTE

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifier	ExplanationExplanation
PART I, LINE 3:	A POLICY OF NON-DISCRIMINATION IS CONTAINED IN ALL UNIVERSITY CATALOGS AND GENERAL SEARCH PUBLICATIONS WHICH ARE SENT TO HIGH SCHOOLS IN STATES WHERE STUDENTS ARE RECRUITED, AND IN ENROLLMENT APPLICATIONS. ON-LINE CATALOGS ALSO CONTAIN THE POLICY.
PART I, LINE 6A:	FEDERAL AND STATE FUNDS ARE USED TO FINANCE STUDENT AID PROGRAMS. A COMPLETE LIST OF AGENCIES AND AMOUNTS IS ON FILE.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	true	GrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (15 entries)

RegionRegion	Type Of Activities ConductedTypeOfActivitiesConducted	Total ExpendituresTotalExpenditures	Number Of EmployeesNumberOfEmployees	Specific Services ProvidedSpecificServicesProvided
Central America & the Caribbean	Investments	1089470813
Europe (Including Iceland and Greenland)	Investments	41987000
North America	Investments	35877016
Sub-Saharan Africa	Investments	31998846
East Asia and the Pacific	Program Services	462563	6	STUDY ABROAD
Europe (Including Iceland and Greenland)	Program Services	774967	22	STUDY ABROAD
Middle East and North Africa	Program Services	47800	1	STUDY ABROAD
South America	Program Services	10291	2	STUDY ABROAD
Central America & the Caribbean	Grantmaking	83349
East Asia and the Pacific	Grantmaking	621824
Europe (Including Iceland and Greenland)	Grantmaking	2459404
Middle East and North Africa	Grantmaking	118922
South America	Grantmaking	212186
South Asia	Grantmaking	45280
Sub-Saharan Africa	Grantmaking	108240

Field	Value	IRS element (for citing)
Subtotal Number Of Employees	31	SubtotalNumberOfEmployees
Total Number Of Employees	31	TotalNumberOfEmployees
Subtotal Amount Spent	1204278501	SubtotalAmountSpent
Total Amount Spent	1204278501	TotalAmountSpent

Grants To Ind Outside US GrantsToIndOutsideUS (7 entries)

Type Of AssistanceTypeOfAssistance	RegionRegion	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Manner Of Cash DisbursementMannerOfCashDisbursement	Description Of Non Cash AssistanceDescriptionOfNonCashAssistance	Method Of ValuationMethodOfValuation
STUDY ABROAD SCHOLARSHIPS	Central America and the Caribbean	5	83349	STUDENT ACCT	N/A	Other
STUDY ABROAD SCHOLARSHIPS	East Asia and the Pacific	57	621824	STUDENT ACCT	N/A	Other
STUDY ABROAD SCHOLARSHIPS	Europe (Including Iceland and Greenland)	264	2459404	STUDENT ACCT	N/A	Other
STUDY ABROAD SCHOLARSHIPS	Middle East and North Africa	6	118922	STUDENT ACCT	N/A	Other
STUDY ABROAD SCHOLARSHIPS	South America	19	212186	STUDENT ACCT	N/A	Other
STUDY ABROAD SCHOLARSHIPS	South Asia	5	45280	STUDENT ACCT	N/A	Other
STUDY ABROAD SCHOLARSHIPS	Sub-Saharan Africa	9	108240	STUDENT ACCT	N/A	Other

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	true	TransferToForeignCorp
Interest In Foreign Trust	false	InterestInForeignTrust
Own Foreign Corp	true	OwnForeignCorp
Passive Foreign Invest Co	true	PassiveForeignInvestCo
Foreign Partnership	true	ForeignPartnership
Boycott Countries	false	BoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV

Field	Value	IRS element (for citing)
Identifier	PART I, LINE 2:	Identifier
Explanation	GRANTS AWARDED TO INDIVIDUALS OUTSIDE THE UNITED STATES BY THE UNIVERSITY OF RICHMOND CONSIST OF FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND GRANTS TO STUDENTS STUDYING ABROAD. STUDENTS RECEIVING THESE GRANTS ARE DETERMINED TO BE WORTHY ON THE BASIS OF THE UNIVERSITY'S ASSESSMENT OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR CRITERIA. THE OFFICE OF FINANCIAL AID MONITORS STUDENTS' ELIGIBILITY FOR THESE FUNDS IN ACCORDANCE WITH INSTITUTIONAL POLICIES AND STANDARDS.	Explanation

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	X	MailSolicitations
Email Solicitations	X	EmailSolicitations
Phone Solicitations	X	PhoneSolicitations
In Person Solicitations	X	InPersonSolicitations
Solicitation Of Non Govt Grants	X	SolicitationOfNonGovtGrants
Solicitation Of Govt Grants	X	SolicitationOfGovtGrants
Special Fundraising Events	X	SpecialFundraisingEvents
Agreement Ref Fundraising	true	AgreementRefFundraising

Fundraiser Activity Information FundraiserActivityInformation

Field	Value	IRS element (for citing)
Name Of Individual	WASHBURN MCGOLDRICK	NameOfIndividual

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	950 NEW LOUDON RD	AddressLine1
City	LATHAM	City
State	NY	State
ZIP Code	12110	ZIPCode

Field	Value	IRS element (for citing)
Activity	FUNDRAISING CONSULTING	Activity
Fundraiser Control Of Funds	false	FundraiserControlOfFunds
Amount Retained By Contractor	47491	AmountRetainedByContractor
Net To Organization	-47491	NetToOrganization

Field	Value	IRS element (for citing)
Total Retained By Contractors	47491	TotalRetainedByContractors
Total Net To Organization	-47491	TotalNetToOrganization
Licensed States	AL	LicensedStates
Licensed States	AZ	LicensedStates
Licensed States	CA	LicensedStates
Licensed States	CT	LicensedStates
Licensed States	DE	LicensedStates
Licensed States	FL	LicensedStates
Licensed States	GA	LicensedStates
Licensed States	HI	LicensedStates
Licensed States	ID	LicensedStates
Licensed States	IL	LicensedStates
Licensed States	IN	LicensedStates
Licensed States	IA	LicensedStates
Licensed States	KS	LicensedStates
Licensed States	KY	LicensedStates
Licensed States	LA	LicensedStates
Licensed States	ME	LicensedStates
Licensed States	MD	LicensedStates
Licensed States	MI	LicensedStates
Licensed States	MN	LicensedStates
Licensed States	MS	LicensedStates
Licensed States	MO	LicensedStates
Licensed States	MT	LicensedStates
Licensed States	NE	LicensedStates
Licensed States	NV	LicensedStates
Licensed States	NJ	LicensedStates
Licensed States	NM	LicensedStates
Licensed States	NY	LicensedStates
Licensed States	NC	LicensedStates
Licensed States	ND	LicensedStates
Licensed States	OH	LicensedStates
Licensed States	OK	LicensedStates
Licensed States	PA	LicensedStates
Licensed States	RI	LicensedStates
Licensed States	SC	LicensedStates
Licensed States	SD	LicensedStates
Licensed States	TN	LicensedStates
Licensed States	TX	LicensedStates
Licensed States	UT	LicensedStates
Licensed States	VT	LicensedStates
Licensed States	VA	LicensedStates
Licensed States	WV	LicensedStates
Licensed States	WI	LicensedStates
Licensed States	WY	LicensedStates

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	STUDENT GRANTS & SCHOLARSHIPS	TypeOfGrant
Number Of Recipients	2412	NumberOfRecipients
Amount Of Cash Grant	67306758	AmountOfCashGrant
Method Of Valuation	Other	MethodOfValuation
Description Of Non Cash Assistance	N/A	DescriptionOfNonCashAssistance

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	PART I, LINE 2:	Identifier
Explanation	GRANTS AWARDED TO INDIVIDUALS BY THE UNIVERSITY OF RICHMOND CONSIST OF STUDENT FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND GRANTS. STUDENTS RECEIVING THESE GRANTS ARE DETERMINED TO BE WORTHY ON THE BASIS OF THE UNIVERSITY'S ASSESSMENT OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR CRITERIA. THE OFFICE OF FINANCIAL AID MONITORS STUDENTS' ELIGIBILITY FOR THESE FUNDS IN ACCORDANCE WITH INSTITUTIONAL POLICIES AND STANDARDS.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	X	FirstClassOrCharterTravel
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Club Dues Or Fees	X	ClubDuesOrFees
Written Policy Re T And E Expenses	false	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Written Employment Contract	X	WrittenEmploymentContract
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	true	SeverancePayment
Supplemental Nonqual Retire Plan	true	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	true	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	true	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (20 entries)

TitleTitle	Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
EDWARD L AYERS
PRESIDENT	481764	0	0	0	388324	0	92000	0	138682	0	1100770	0	250000	0
HOSSEIN SADID
VP BUSINESS & FINANCE/TREAS	352364	0	0	0	11251	0	35867	0	15812	0	415294	0	0	0
STEPHEN ALLRED
PROVOST & VP ACAD AFFAIRS	319881	0	0	0	8337	0	32952	0	19122	0	380292	0	0	0
ANN LLOYD BREEDEN
SECRETARY	168468	0	0	0	41138	0	19317	0	12159	0	241082	0	0	0
SRINIVAS PULAVARTI
PRES., SMC (THROUGH 6/2012)	262415	0	396000	0	229712	0	953078	0	8936	0	1850141	0	0
ANDREW NEWCOMB
FORMER DEAN, ARTS & SCIENCES	192024	0	0	0	44665	0	24006	0	11737	0	272432	0	0	0
JOHN DOUGLASS
FORMER DEAN, LAW	205601	0	0	0	44661	0	24941	0	10177	0	285380	0	0	0
KATHRYN MONDAY
VP, INFO SERVICES	214756	0	0	0	396	0	21627	0	8349	0	245128	0	0	0
STEPHEN BISESE
VP, STUDENT DEVELOPMENT	199575	0	0	0	138	0	20872	0	18521	0	239106	0	0	0
LORRAINE SCHUYLER
CHIEF OF STAFF	151954	0	0	0	113	0	16434	0	21658	0	190159	0	0	0
ANNE TESSIER
VP ENROLLMENT MGMT	199173	0	0	0	138	0	20591	0	11289	0	231191	0	0	0
KATHLEEN SKERRETT
DEAN, ARTS & SCIENCES	220247	0	0	0	2330	0	22183	0	7082	0	251842	0	0	0
WENDY PERDUE
DEAN, LAW	334083	0	0	0	9541	0	34283	0	16227	0	394134	0	0	0
CHRISTOPHER MOONEY
BASKETBALL COACH	447446	0	10000	0	287171	0	384625	0	15899	0	1145141	0	0	0
DANIEL ROCCO
FOOTBALL COACH	244139	0	0	0	116636	0	62462	0	14435	0	437672	0	0	0
ROBIN BLANDFORD
PRESIDENT, SMC	300761	0	373889	0	17628	0	1264102	0	15228	0	1971608	0	0
GILL HICKMAN
PROFESSOR	85872	0	0	0	253098	0	8769	0	5551	0	353290	0	0	0
DARYL DANCE
PROFESSOR	59050	0	0	0	247593	0	7873	0	274	0	314790	0	0	0
MATTHEW WERNER
ASSOC DIRECTOR, SMC	167245	0	120606	0	5876	0	17390	0	15292	0	326409	0	0	0
STEPHEN KNEELEY
CEO, SPIDER MANAGEMENT COMPANY	423920	0	135284	0	17075	0	17000	0	17013	0	610292	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII (6 entries)

IdentifierIdentifier	ExplanationExplanation
PART I, LINE 1A:	FIRST-CLASS OR CHARTER TRAVEL - THE FOOTBALL AND MEN'S BASKETBALL COACHES OCCASIONALLY TRAVEL WITH THEIR TEAMS BY MEANS OF CHARTER TRAVEL FOR SCHEDULED COMPETITIONS. THE VALUE IS NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS IN A UNIVERSITY-PROVIDED HOME AS A CONDITION OF EMPLOYMENT. THE VALUE OF THIS LODGING IS NOT REPORTED AS TAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - CLUB MEMBERSHIP DUES ARE PAID ON BEHALF OF ONE EMPLOYEE WHERE THE MEMBERSHIP IS AN IMPORTANT FACTOR IN THE PERFORMANCE OF THE EMPLOYEE'S JOB RESONSIBILITIES. THE VALUE OF THE MEMBERSHIP DUES IS NOT INCLUDED IN TAXABLE COMPENSATION; HOWEVER, ANY PERSONAL USE OF CLUB FACILITIES IS REPORTED AS TAXABLE COMPENSATION.
PART I, LINE 1B:	THE PROVISION OF NON-STANDARD BENEFITS IS DETERMINED BY THE PRESIDENT, FOR SENIOR LEADERS AND KEY EMPLOYEES, AND THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, FOR THE PRESIDENT. FACTORS CONSIDERED ARE WHETHER THE BENEFIT UNDER CONSIDERATION IS COMMONLY PROVIDED TO INDIVIDUALS IN SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS; WHETHER THE BENEFIT IS NECESSARY FOR THE INDIVIDUAL TO SUCCESSFULLY FULFILL HIR OR HER JOB RESPONSIBILITIES; AND WHETHER, IN THE CONTEXT OF THE INDIVIDUAL'S OVERALL COMPENSATION, THE PROVISION OF THE NON-STANDARD BENEFIT IS REASONABLE.
PART I, LINE 4A:	SRINIVAS PULAVARTI RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $228,033.
PART I, LINE 4B:	EDWARD AYERS DEFERRED $50,000 IN A SECTION 457(F) PLAN AND RECEIVED A DISTRIBUTION OF $250,000 AS OF THE FIRST VESTING DATE DURING CALENDAR 2012. CHRISTOPHER MOONEY DEFERRED $359,625 IN A SECTION 457(F) PLAN. DANIEL ROCCO DEFERRED $50,000 IN A SECTION 457(F) PLAN.
PART I, LINE 4C:	SRINIVAS PULAVARTI AND ROBIN BLANDFORD ARE MEMBERS OF A LIMITED LIABILITY COMPANY THROUGH WHICH THEY ACCRUE AN INTEREST IN THE NET CAPITAL PROFITS BASED ON A CONTRACTUALLY DEFINED VESTING SCHEDULE. MR. PULAVARTI'S EQUITY INTEREST ACCRUED DURING CALENDAR 2012 TOTALED $928,078. MR. BLANDFORD'S EQUITY INTEREST ACCRUED DURING CALENDAR 2012 TOTALED $1,239,102. THESE ACCRUALS ARE REPORTED AS DEFERRED COMPENSATION IN PART II, COLUMN (C). THE UNIVERSITY PURCHASED THEIR MEMBERSHIP INTERESTS ON JUNE 30, 2012. SEE SCHEDULE L, PART IV, FOR DETAILS OF THE BUYOUT OF MR. PULAVARTI'S AND MR. BLANDFORD'S EQUITY INTERESTS.
PART I, LINE 6B:	SRINIVAS PULAVARTI AND ROBIN BLANDFORD ARE MEMBERS OF A LIMITED LIABILITY COMPANY THROUGH WHICH THEY RECEIVE DISTRIBUTIONS OF NET INCOME BASED ON THEIR MEMBERSHIP PERCENTAGE. THE UNIVERSITY PURCHASED THEIR MEMBERSHIP INTERESTS ON JUNE 30, 2012. FOR CALENDAR YEAR 2012, MR. PULAVARTI RECEIVED $273,557 IN EQUITY DISTRIBUTIONS, AND MR. BLANDFORD RECEIVED $212,767.

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)

Bond ReferenceBondReferenceCd	Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
VIRGINIA COLLEGE BUILDING AUTHORITY
A	541249154	927781YF5	2011-02-28	45587682	REFUND PRIOR ISSUE	false	false	false
VIRGINIA COLLEGE BUILDING AUTHORITY
B	541249154	9277803U8	2004-08-05	15069000	REFUND PRIOR ISSUE	false	false	false
VIRGINIA COLLEGE BUILDING AUTHORITY
C	541249154	9277802U8	2004-08-05	30931000	CONSTRUCT SCIENCE BUILDING & FORUM	false	false	false
VIRGINIA COLLEGE BUILDING AUTHORITY
D	541249154	927781CR3	2006-11-08	38070000	REFUND PRIOR ISSUE	false	false	false

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Bond ReferenceBondReferenceCd	Total ProceedsTotalProceeds	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Credit EnhancementCreditEnhancement	Capital ExpendituresCapitalExpenditures	Other Spent ProceedsOtherSpentProceeds	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
A	45587682	502682	0	0	45085000	2011	true	false	true	true
B	15069000	69000	0	0	15000000	1996	true	false	true	true
C	31070375	141136	0	30929239	0	2006	false	false	true	true
D	38070000	140000	30000	0	37900000	1997	true	false	true	true

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Engage Bond Counsel ResearchEngageBondCounselResearch	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI	Total Private Business UseTotalPrivateBusinessUse	Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest	Change In Use Bond Financed PropChangeInUseBondFinancedProp	Remedial Action TakenRemedialActionTaken	Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs
A	false	false	false	true	true	0	0.00100	0.00100	false	false	false	true
B						0.00000	0.00000	0.00000
C	false	false	false	false		0			false	false	false	true
D						0.00000	0.00000	0.00000

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiled	Rebate Not Due YetRebateNotDueYet	Exception To RebateExceptionToRebate	No Rebate DueNoRebateDue	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Business Name Line1NameOfGICProvider/BusinessNameLine1	Gross Proceeds InvestedGrossProceedsInvested	Written Proc To Monitor ReqsWrittenProcToMonitorReqs
0
A	false	true	false	false	false	false	false	0	false	true
0
B	false	false	false	true	true	false	false	0	false	true
0
C	false	false	false	true	true	false	false	0	false	true
0
D	false	false	true	false	true	false	false	0	false	true

Form990 Schedule K Part V Form990ScheduleKPartV (4 entries)

Bond ReferenceBondReferenceCd	Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction
A	true
B	true
C	true
D	true

Form990 Schedule K Part VI Form990ScheduleKPartVI

Field	Value	IRS element (for citing)
Identifier	PART II, LINE 3:	Identifier
Return Reference	0	ReturnReference
Explanation	THE AMOUNT REPORTED ON PART II, LINE 3 FOR CUSIP# 927781E75 INCLUDES $96,372 OF INVESTMENT INCOME RECEIVED ON THE UNEXPENDED PROCEEDS. PART IV, LINE 2C: CUSIP# 9277803U8 - REBATE COMPUTATION PERFORMED 8/17/09; CUSIP# 9277802U8 - REBATE COMPUTATION PERFORMED 8/17/09; CUSIP# 927781CR3 - REBATE COMPUTATION PERFORMED 3/24/10.	Explanation

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)

Bond ReferenceBondReferenceCd	Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
VIRGINIA COLLEGE BOARD AUTHORITY
A	541249154	927781CR3	2006-11-08	17830000	CONSTRUCT DORM & BOILER PLANT	false	false	false
VIRGINIA COLLEGE BOARD AUTHORITY
B	541249154	927781YD0	2011-02-01	29846165	REFUND PRIOR ISSUE	false	false	false
VIRGINIA COLLEGE BOARD AUTHORITY
C	541249154	927781E75	2012-11-06	61684083	CONSTRUCT STDNT HOUS & RENOV ARENA	false	false	false

Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)

Bond ReferenceBondReferenceCd	Total ProceedsTotalProceeds	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Credit EnhancementCreditEnhancement	Capital ExpendituresCapitalExpenditures	Other Spent ProceedsOtherSpentProceeds	Amount UnspentAmountUnspent	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
A	18447484	66980	14282	18366222	0	0	2009	false	false	true	true
B	29846165	231165	0	0	29615000	0	2006	true	false	true	true
C	61780455	549940	0	11720707	0	49509808		false	false	false	true

Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Engage Bond Counsel ResearchEngageBondCounselResearch	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI	Total Private Business UseTotalPrivateBusinessUse	Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest	Change In Use Bond Financed PropChangeInUseBondFinancedProp	Remedial Action TakenRemedialActionTaken	Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs	Prcntge Bond Financed PropPrcntgeBondFinancedProp
A	false	false	false	true	true	0	0.00670	0.00670	false	false	false	true
B						0.00000	0.00000	0.00000
C	false	false	false	true	true	0			false	false	false	true	0.00000

Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiled	Rebate Not Due YetRebateNotDueYet	Exception To RebateExceptionToRebate	No Rebate DueNoRebateDue	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Business Name Line1NameOfGICProvider/BusinessNameLine1	Gross Proceeds InvestedGrossProceedsInvested	Written Proc To Monitor ReqsWrittenProcToMonitorReqs
0
A	false	false	false	true	true	false	false	0	false	true
0
B	false	true	false	false	false	false	false	0	false	true
0
C	false	true	false	false	false	false	false	0	false	true

Form990 Schedule K Part V Form990ScheduleKPartV (3 entries)

Bond ReferenceBondReferenceCd	Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction
A	true
B	true
C	true

Schedule L IRS990ScheduleL

Field	Value	IRS element (for citing)
Total Balance Due	0	TotalBalanceDue

Form990 Schedule L Part IV Form990ScheduleLPartIV (5 entries)

RelationshipRelationship	Amount Of TransactionAmountOfTransaction	Description Of TransactionDescriptionOfTransaction	Sharing Of RevenuesSharingOfRevenues
NATHANIEL B AYERS
FMLY MMBR OF OFFCR/TRSTEE	49752	COMPENSATION PAID AS EMPLOYEE	false
WILTON COMPANIES
UR TRUSTEE IS OFFICER	175689	LEASE OFFICE SPACE BY UNIVRSTY	false
PROPERTY INVESTMENT ADVISORS
UR OFCR/TRSTE IS 50% OWNR	1533586	INVESTMNT MGMT SVCS TO REL ORG	false
ROBIN BLANDFORD
UR KEY EMPLOYEE	1861151	UR PURCHASE OF RFMC INTEREST	false
SRINIVAS PULAVARTI
UR KEY EMPLOYEE	4936983	UR PURCHASE OF RFMC INTEREST	false

Form990 Schedule L Part V Form990ScheduleLPartV

Field	Value	IRS element (for citing)
Identifier	PART IV, LINE 3	Identifier
Explanation	DURING THE UNIVERSITY'S 2012 TAX YEAR, IT CAME TO OUR ATTENTION THAT INFORMATION PREVIOUSLY PROVIDED TO US REGARDING FEES PAID TO PROPERTY INVESTMENT ADVISORS FOR INVESTMENT MANAGEMENT SERVICES DURING THE 2011 TAX YEAR WAS INACCURATE. THE CORRECT AMOUNT WHICH SHOULD HAVE BEEN REPORTED IN SCHEDULE L OF THE UNIVERSITY'S 2011 FORM 990 IS $5,171,830.	Explanation

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	20	NumberOfContributions
Noncash Contribs Rptd F990	0	NoncashContribsRptdF990
Method Of Determining Revenues	SEE PART II	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Art Historical Treasures		ArtHistoricalTreasures
Art Fractional Interest		ArtFractionalInterest
Books And Publications		BooksAndPublications
Clothing And Household Goods		ClothingAndHouseholdGoods
Cars And Other Vehicles		CarsAndOtherVehicles
Boats And Planes		BoatsAndPlanes
Intellectual Property		IntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	147	NumberOfContributions
Noncash Contribs Rptd F990	1218333	NoncashContribsRptdF990
Method Of Determining Revenues	MARKET QUOTATION	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStock
Securities Prtnrshp Trust Intrsts		SecuritiesPrtnrshpTrustIntrsts
Securities Miscellaneous		SecuritiesMiscellaneous
Qualified Contrib Hist Struct		QualifiedContribHistStruct
Qualified Contrib Other		QualifiedContribOther
Real Estate Residential		RealEstateResidential
Real Estate Commercial		RealEstateCommercial
Real Estate Other		RealEstateOther
Collectibles		Collectibles

Food Inventory FoodInventory

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	3	NumberOfContributions
Noncash Contribs Rptd F990	4953	NoncashContribsRptdF990
Method Of Determining Revenues	DONOR ASSESSED VALUE	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Drugs And Medical Supplies		DrugsAndMedicalSupplies
Taxidermy		Taxidermy
Historical Artifacts		HistoricalArtifacts
Scientific Specimens		ScientificSpecimens
Archaeological Artifacts		ArchaeologicalArtifacts

Other Non Cash Contributions Table OtherNonCashContributionsTable

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Description	USE OF PERSONAL AIRCRAFT	Description
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	22815	NoncashContribsRptdF990
Method Of Determining Revenues	DONOR ASSESSED VALUE	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Number Of8283 Received	1	NumberOf8283Received
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	true	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)

IdentifierIdentifier	ExplanationExplanation
PART I, COLUMN (B):	THE AMOUNTS SHOWN IN PART I, COLUMN (B) FOR "NUMBER OF CONTRIBUTIONS" REPRESENTS THE TOTAL NUMBER OF ITEMS CONTRIBUTED AND NOT NECESSARILY THE TOTAL NUMBER OF CONTRIBUTIONS CONTRIBUTED.
PART I, LINE 33:	DONATED ARTWORK IS HELD FOR PURPOSES OF EDUCATION, RESEARCH, SCIENTIFIC INQUIRY AND PUBLIC EXHIBITION. AS PERMITTED UNDER FASB ASC TOPIC 958 AND DISCLOSED IN ITS FINANCIAL STATEMENTS, THE UNIVERSITY HAS ELECTED NOT TO REPORT THE VALUE OF THESE ITEMS AS REVENUE IN ITS STATEMENT OF ACTIVITIES.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	ExplanationExplanation	Return ReferenceReturnReference
FORM 990, PART III, PROGRAM SERVICE ACCOMPLISHMENTS:	PART III, LINE 4A - INSTRUCTION - THE UNIVERSITY OF RICHMOND ENDEAVORS TO OFFER ITS STUDENTS THE HIGHEST QUALITY EDUCATION POSSIBLE, MAKING AVAILABLE TOP-OF-THE-LINE RESOURCES AND FACILITIES. BY MAINTAINING AN 8:1 FACULTY TO STUDENT RATIO, EACH STUDENT HAS THE OPPORTUNITY TO ENJOY A PERSONAL AND UNIQUE LEARNING EXPERIENCE. THE KEY CHARACTERISTICS OF THE UNIVERSITY'S INSTRUCTIONAL FOUNDATION ARE A CHALLENGING LEARNING ENVIRONMENT, SMALL CLASSES, A HIGH QUALITY OF STUDENT LIFE, A COORDINATE COLLEGE SYSTEM, A COMMITMENT TO SERVICE, OPPORTUNITIES FOR MORAL AND SPIRITUAL DEVELOPMENT, A MIXTURE OF ENRICHING ACADEMIC AND CO-CURRICULAR EXPERIENCES, A SENSE OF COMMUNITY, AND A SPIRIT OF INNOVATION. THERE ARE APPROXIMATELY 4,361 STUDENTS. PART III, LINE 4B - ACADEMIC SUPPORT - THE RESPECTIVE DEAN'S OFFICES OF EACH OF THE FIVE SCHOOLS OVERSEE THE MAINTENANCE AND DEVELOPMENT OF THE SCHOOL TO ENSURE THAT THEY MAINTAIN THE HIGH LEVEL OF ACADEMIC INTEGRITY THAT HAS BECOME THE STANDARD OF THE UNIVERSITY OF RICHMOND. THE UNIVERSITY OFFERS OPPORTUNITIES FOR CONTINUING EDUCATION IN EACH PROFESSOR'S SPECIALTY, PLUS IN NEW TEACHING METHODS AND TECHNOLOGY, WHILE FACULTY COMMITTEES WORK TOWARD CONTINUOUS IMPROVEMENT IN ALL AREAS OF STUDENT INSTRUCTION. ACADEMIC COMPUTING PROVIDES INFORMATION TECHNOLOGY TO ENHANCE THE ACADEMIC RESOURCES AVAILABLE TO PROFESSORS AND STUDENTS, AND TO THE COMMUNITY THROUGH THE UNIVERSITY LIBRARY. LECTURE FUNDS ARE SET ASIDE TO PAY FOR VISITING SPEAKERS ON TOPICS RELEVANT TO ACADEMIC STUDIES OFFERED. PART III, LINE 4C - AUXILIARY ENTERPRISES - THE HOUSING OFFICE STRIVES TO MAINTAIN A COMFORTABLE LIVING ENVIRONMENT FOR THE 92% OF THE STUDENT BODY THAT RESIDES ON CAMPUS EACH YEAR. DINING SERVICES AUGMENTS THESE EFFORTS BY ENSURING STUDENTS HAVE ACCESS TO EXEMPLARY SERVICE, OUTSTANDING QUALITY FOOD, WITH A PASSION AND COMMITMENT TO EXCELLENCE. THE BOOKSTORE ENSURES THAT MEMBERS OF THE UNIVERSITY COMMUNITY HAVE AN AFFORDABLE, CONVENIENT OPTION FOR UNIVERSITY OF RICHMOND TEXTBOOKS, GEAR, AND SUPPLIES. PRINTING SERVICES OFFERS TOP-QUALITY GRAPHIC COMMUNICATIONS FOR STUDENTS, FACULTY AND STAFF. THE ATHLETIC DEPARTMENT IS COMMITTED AND OBLIGATED TO THE PRINCIPLES OF INSTITUTIONAL CONTROL IN OPERATING ITS PROGRAMS IN A MANNER CONSISTENT WITH THE LETTER AND THE SPIRIT OF THE NCAA, ITS ATHLETIC CONFERENCES, AND UNIVERSITY RULES AND REGULATIONS.
FORM 990, PART III, LINE 4D - OTHER PROGRAM SERVICES:	STUDENT SERVICES - STUDENT DEVELOPMENT PROVIDES ON-CAMPUS PHYSICAL AND MENTAL HEALTH SERVICES, ACADEMIC AND CAREER COUNSELING, VARIOUS FRATERNITY, SORORITY AND EXTRACURRICULAR ACTIVITIES, AND ORGANIZATIONS THAT WORK TO UPHOLD THE UNIVERSITY'S CORE PRINCIPLES OF DIVERSITY AND INCLUSION. RECREATION AND WELLNESS PROVIDES THE CAMPUS COMMUNITY WITH OUTSTANDING RECREATIONAL FACILITIES, FITNESS AND WELLNESS PROGRAMS, INTRAMURALS, AND SPORT CLUBS. IT ALSO SUPPORTS MULTIPLE STUDENT GOVERNMENT ASSOCIATIONS, WHICH VOICE THE STUDENTS' CONCERNS AND OPINIONS, AS WELL AS SERVES AS A LIAISON BETWEEN STUDENTS AND ADMINISTRATION, FACULTY, AND STAFF. UNDERGRADUATE AND LAW SCHOOL ADMISSION OFFICES COUNSEL THOUSANDS OF PROSPECTIVE APPLICANTS AND MAKE THEM FEEL WELCOME AT THE UNIVERSITY, WHILE PROVIDING SUPPORT FOR ACCEPTED STUDENTS. THE UNIVERSITY LIBRARIES SERVE THE CAMPUS COMMUNITY AND THE PUBLIC AND ARE A DESIGNATED FEDERAL DOCUMENT REPOSITORY. EXPENSES: $22,160,557, INCLUDING GRANTS OF: $0. REVENUE: $0. RESEARCH - THE UNIVERSITY BELIEVES THAT ACADEMIC RESEARCH AT THE FACULTY, STAFF AND STUDENT LEVELS SIGNIFICANTLY IMPROVES THE QUALITY OF EDUCATION OF ALL STUDENTS. THUS, THE UNIVERSITY ENCOURAGES FACULTY, STUDENT AND STAFF RESEARCH BY OPERATING AN OFFICE OF FOUNDATION CORPORATE AND GOVERNMENT RELATIONS TO ASSIST WITH APPLICATIONS FOR FUNDING; ALLOCATING FUNDS FOR STUDENT AND FACULTY SUMMER AND VACATION RESEARCH PROJECTS, AND TRAVEL TO PARTICIPATE AND PRESENT FINDINGS AT ACADEMIC CONFERENCES; PROVIDING LABS, STUDIOS AND SPECIALIZED CLASSROOMS FOR CONDUCTING RESEARCH; PROVIDING INFRASTRUCTURE NECESSARY TO CONDUCT RESEARCH; EMPLOYING NON-FACULTY PERSONNEL TO MANAGE RESEARCH-RELATED FACILITIES AND CONDUCT EXPERIMENTS. EXPENSES: $6,366,620, INCLUDING GRANTS OF: $0. REVENUE: $0. PUBLIC SERVICE - THE BONNER CENTER FOR CIVIC ENGAGEMENT (CCE} AT THE UNIVERSITY OF RICHMOND STRIVES TO BRING TOGETHER CAMPUS AND COMMUNITY MEMBERS IN COLLABORATIVE STUDY, REFLECTION, AND ACTION TO ADDRESS CONTEMPORARY SOCIAL ISSUES. BEYOND ORGANIZING VARIOUS SERVICE-ORIENTED EVENTS ELICITING PARTICIPATION FROM FACULTY, STAFF, AND STUDENTS, THE CCE ALSO ADMINISTRATES THE BONNER SCHOLARS PROGRAM (BSP). THE PROGRAM OFFERS FOUR-YEAR SCHOLARSHIP AWARDS TO STUDENTS WITH A SUSTAINED RECORD OF SERVICE AND A HIGH LEVEL OF FINANCIAL NEED. A DIVERSE GROUP OF APPROXIMATELY 100 STUDENTS CURRENTLY PARTICIPATE IN THE BSP AT THE UNIVERSITY OF RICHMOND, MAKING IT THE LARGEST BSP IN THE COUNTRY. THE UNIVERSITY'S OFFICE OF THE CHAPLAINCY SUPPORTS AND COORDINATES UR CAMPUS MINISTERS AND RELIGIOUS ORGANIZATIONS, INTER-RELIGIOUS COMMUNITY AND JUSTICE PROGRAMMING, A WEEKLY UNIVERSITY WORSHIP SERVICE, AND SPIRITUAL AND PASTORAL CARE. THE NUMBER OF PEOPLE SERVED WAS APPROXIMATELY 12,700. EXPENSES: $2,539,941, INCLUDING GRANTS OF: $0. REVENUE: $0. PART VI, LINE 1A: THE EXECUTIVE COMMITTEE IS AUTHORIZED BY ITS CHARTER TO EXERCISE THE AUTHORITY OF THE BOARD BETWEEN MEETINGS OF THE FULL BOARD ON ALL MATTERS EXCEPT THOSE FOR WHICH AUTHORITY IS SPECIFICALLY RESERVED IN THE BY-LAWS TO THE BOARD OF TRUSTEES. POWERS RESERVED TO THE FULL BOARD OF TRUSTEES INCLUDE THE FOLLOWING: APPOINTING OR REMOVING THE PRESIDENT; FILLING VACANCIES ON THE BOARD OR ITS COMMITTEES; AMENDING THE ARTICLES OF INCORPORATION; ADOPTING, AMENDING OR REPEALING THE BY-LAWS; OR APPROVING A PLAN OF MERGER. WHILE THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE THE AUTHORITY OF THE BOARD BETWEEN MEETINGS, IT IS EXPECTED THAT TO THE EXTENT POSSIBLE, IT WILL CONSULT WITH OR INFORM THE APPROPRIATE BOARD COMMITTEE CHARGED WITH OVERSIGHT OF A PARTICULAR ITEM OF BUSINESS PRIOR TO THE MATTER COMING BEFORE THE EXECUTIVE COMMITTEE FOR ACTION. IF SUCH CONSULTATION IS NOT FEASIBLE DUE TO TIME CONSTRAINTS OR EXIGENT CIRCUMSTANCES, THE APPROPRIATE COMMITTEE CHAIR(S) SHOULD BE CONSULTED IN ADVANCE OF THE EXECUTIVE COMMITTEE'S ACTION AND THE FULL COMMITTEE(S) INFORMED OF THE ACTION AS SOON AS PRACTICABLE THEREAFTER.
FORM 990, PART VI, LINE 2:	R. LEWIS BOGGS AND PAUL B. QUEALLY HAVE IDENTIFIED A BUSINESS RELATIONSHIP WITH EACH OTHER. R. LEWIS BOGGS AND ROBIN BLANDFORD HAVE IDENTIFIED A BUSINESS RELATIONSHIP WITH EACH OTHER. PAUL B. QUEALLY AND ALAN W. BREED HAVE IDENTIFIED A BUSINESS RELATIONSHIP WITH EACH OTHER. PAUL B. QUEALLY AND HERBERT H. MCDADE III HAVE IDENTIFIED A BUSINESS RELATIONSHIP WITH EACH OTHER.
FORM 990, PART VI LINE 11B:	THE FORM 990 WAS REVIEWED BY THE UNIVERSITY OF RICHMOND'S VICE PRESIDENT FOR BUSINESS AND FINANCE AND BY ITS GENERAL COUNSEL. FOLLOWING THAT REVIEW, A DRAFT OF THE FORM 990 WAS PROVIDED TO THE UNIVERSITY'S PRESIDENT, RECTOR, AND MEMBERS OF THE UNIVERSITYS EXECUTIVE COMMITTEE. A MEETING WAS CONDUCTED TO REVIEW THE FORM 990 AND RESPOND TO ANY QUESTIONS THAT THE GROUP HAD REGARDING THE RETURN. FOLLOWING THAT MEETING, AN ELECTRONIC VERSION OF THE FORM 990 WAS DISTRIBUTED TO THE ENTIRE BOARD OF TRUSTEES. THE STAFF OF THE VICE PRESIDENT FOR BUSINESS AND FINANCE AND THE GENERAL COUNSEL CONDUCTED TWO INFORMATION SESSIONS TO REVIEW THE FORM 990 WITH THE MEMBERS OF THE BOARD OF TRUSTEES AND TO RESPOND TO ANY QUESTIONS. ALL OF THIS OCCURRED PRIOR TO FILING THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. THE RETURN THAT WAS REVIEWED WITH THE BOARD OF TRUSTEES WAS IDENTICAL TO THE ONE FILED WITH THE IRS WITH ONE EXCEPTION. INFORMATION REGARDING A SPECIFIC DONOR WAS REDACTED FROM SCHEDULE B. AS A CONDITION OF THE GIFT, THE DONOR REQUESTED ABSOLUTE ANONYMITY. IN ORDER TO COMPLY WITH THE DONOR'S STIPULATION, IDENTIFYING INFORMATION WAS REMOVED FROM THE VERSION OF THE RETURN SHARED WITH THE BOARD.
FORM 990, PART VI, LINE 12C:	THE UNIVERSITY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY IN SEVERAL WAYS. FIRST, THE UNIVERSITY REQUIRES ALL INDIVIDUALS COVERED BY ITS POLICY TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS. THE OFFICE OF THE SECRETARY TO THE BOARD OF TRUSTEES ENSURES THAT ALL COVERED INDIVIDUALS COMPLETE THE DISCLOSURE FORM. PRIOR TO ALL MEETINGS OF THE BOARD OF TRUSTEES OR ANY COMMITTEE THEREOF, THE SECRETARY TO THE BOARD AND THE GENERAL COUNSEL OF THE UNIVERSITY REVIEW THE MEETING AGENDA IN LIGHT OF THE CONFLICT OF INTEREST DISCLOSURES TO IDENTIFY ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST THAT MIGHT ARISE. ADDITIONALLY, THE UNIVERSITY'S CONFLICT OF INTEREST POLICY REQUIRES COVERED INDIVIDUALS TO UPDATE THEIR DISCLOSURE FORMS DURING THE YEAR AND TO NOTIFY APPROPRIATE UNIVERSITY OFFICIALS OF ANY ACTUAL OR POTENTIAL CONFLICT THAT MIGHT ARISE PRIOR TO OR IN THE COURSE OF A MEETING. IF THERE IS A CONFLICT OF INTEREST, THE INVOLVED INDIVIDUAL IS REQUIRED TO RECUSE HIM OR HERSELF FROM THE DISCUSSION OF THE MATTER AT ISSUE, TO REFRAIN FROM VOTING ON THE MATTER AND TO REFRAIN FROM SEEKING TO INFLUENCE THE VOTE ON THE MATTER.
FORM 990, PART VI, LINE 15A:	THE BOARD OF TRUSTEES HAS DELEGATED AUTHORITY FOR APPROVAL OF THE COMPENSATION OF THE PRESIDENT TO THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE MEMBERS OF THE COMPENSATION COMMITTEE ARE THE RECTOR AND VICE RECTOR OF THE UNIVERSITY AND AT LEAST ONE OTHER MEMBER OF THE BOARD OF TRUSTEES. THE UNIVERSITY ENSURES THAT THE MEMBERS OF THE COMPENSATION COMMITTEE DO NOT HAVE A CONFLICT OF INTEREST WITH REGARD TO ANY MATTER COMING BEFORE THEM. IN SETTING THE INITIAL COMPENSATION AND BENEFITS OF THE PRESIDENT AND IN CONSIDERING ANY MATERIAL AMENDMENT TO HIS EMPLOYMENT AGREEMENT, THE COMPENSATION COMMITTEE HAS ENGAGED AN OUTSIDE COMPENSATION CONSULTANT. THE COMPENSATION CONSULTANT RELIES ON COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS AND HAS OPINED ON THE REASONABLENESS OF THE PRESIDENT'S COMPENSATION. IN CONDUCTING THE ANNUAL REVIEW, THE COMPENSATION COMMITTEE RELIES ON COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE ARE DOCUMENTED CONTEMPORANEOUSLY.
FORM 990, PART VI, LINE 15B:	THE BOARD OF TRUSTEES HAS DELEGATED AUTHORITY FOR REVIEWING AND APPROVING THE PRESIDENT'S RECOMMENDATIONS REGARDING THE COMPENSATION OF HIS DIRECT REPORTS AND DEANS TO THE COMPENSATION COMMITTEE. THE MEMBERS OF THE COMPENSATION COMMITTEE ARE THE RECTOR AND VICE RECTOR OF THE UNIVERSITY AND AT LEAST ONE OTHER MEMBER OF THE BOARD OF TRUSTEES. THE UNIVERSITY ENSURES THAT THE MEMBERS OF THE COMPENSATION COMMITTEE DO NOT HAVE A CONFLICT OF INTEREST WITH REGARD TO ANY MATTER COMING BEFORE THEM. THE COMPENSATION COMMITTEE UTILIZES COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE COMPENSATION COMMITTEE APPROVES THE ANNUAL COMPENSATION FOR THE PRESIDENT'S DIRECT REPORTS AND THE UNIVERSITY'S DEANS. IN THE CASE OF OTHER STAFF WHOSE PROPOSED COMPENSATION AT THE TIME OF HIRING EXCEEDS THE BOARD-APPROVED COMPENSATION STRUCTURE FOR UNIVERSITY STAFF, THE COMPENSATION COMMITTEE UTILIZES COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS IN REVIEWING AND APPROVING THE PROPOSED COMPENSATION. THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE ARE DOCUMENTED CONTEMPORANEOUSLY.
FORM 990, PART VI, LINE 19:	THE UNIVERSITY OF RICHMOND MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE ON ITS PUBLIC WEBSITE. THE UNIVERSITY MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:	TAX INCOME DIFFERENTIAL FROM RFMC K-1 6,108,846; CHANGE IN FAIR VALUE OF SWAP AGREEMENTS 11,657,648; CHANGE IN PRESENT VALUE - SPLIT INTEREST AGREEMENTS (1,032,263); CHANGE IN POST-RETIREMENT BENEFIT OBLIGATION 1,873,903; TOTAL PART XI, LINE 9: 18,608,136.	OTHER CHANGES IN NET ASSETS OR FUND BALANCES

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (3 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Total IncomeTotalIncome	EOY AssetsEOYAssets	Business Name Line1DirectControllingEntityName/BusinessNameLine1
RICHMOND QUADRANGLE LLC
201 MARYLAND HALL	RICHMOND	VA	23173	540505965	PROPERTY MGMT	VA	3473826	27602186	UR
SPIDER MANAGEMENT COMPANY LLC
201 MARYLAND HALL	RICHMOND	VA	23173	261501416	INVSTMNT MGMT	VA	12825202	4268999	UR
RICHMOND FUND MANAGEMENT COMPANY LLC
201 MARYLAND HALL	RICHMOND	VA	23173	261501524	INVSTMNT MGMT	VA	12825202	3798625	SMC

Form990 Schedule R Part III Form990ScheduleRPartIII (4 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivityPrimaryActivity	Legal Domicile StateLegalDomicileState	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Predominant Income TypePredominantIncomeType	Share Of Total IncomeShareOfTotalIncome	Share Of EOY AssetsShareOfEOYAssets	Disproportionate AllocationsDisproportionateAllocations	General Or Managing PartnerGeneralOrManagingPartner	Percentage OwnershipPercentageOwnership	Code VCodeVAmount
PROP HLDNGS LLC
901 EAST BYRD ST SUITE 150	RICHMOND	VA	23219	541738291	REAL ESTATE LOANS	VA	UR	INVEST	1169114	16061242	true	false	0.99000
PROP HLDNGS III LLC
901 EAST BYRD ST SUITE 150	RICHMOND	VA	23219	651229396	REAL ESTATE LOANS	VA	UR	INVEST	98204	19650647	true	false	0.65220
ROR PARTNERSHIP
201 MARYLAND HALL	RICHMOND	VA	23173	261761403	INVESTMENT MGMT	VA	UR	INVEST	121845434	2105838280	false	true	0.61154	$221,689
RICHMOND FUND LP
6802 PARAGON PL	RICHMOND	VA	23230	261501561	INVESTMENT MGMT	VA	RFMC	INVEST	10983658	15226641	true	true	0.00154	-$2,156

Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)

Primary ActivityPrimaryActivity	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Type Of EntityTypeOfEntity	Share Of Total IncomeShareOfTotalIncome	Share Of EOY AssetsShareOfEOYAssets	Controlled OrgControlledOrg
CHARITABLE REMAINDER TRUSTS (13)
CRT	NA	TRUST	0	0	false
CHARITABLE LEAD TRUSTS (1)
CLT	NA	TRUST	0	0	false

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	true	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Dividends Related Organization	true	DividendsRelatedOrganization
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	true	OtherTransferToOtherOrg
Other Transfer From Other Org	true	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
THE RICHMOND FUND LP
S	6334872	GAAP
THE RICHMOND FUND LP
R	14815677	GAAP
PROPERTY HOLDINGS III LLC
B	353805	CASH
ROR PARTNERSHIP
B	27960505	CASH
ROR PARTNERSHIP
S	87452102	CASH