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      <TotalOtherCompensation>71389</TotalOtherCompensation>
      <NumberIndividualsGT100K>1</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>CREOSOTE AFFECTS</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>314 W MAIN ST</AddressLine1>
            <City>EMMITSBURG</City>
            <State>MD</State>
            <ZIPCode>21727</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONSULTING SERVICES</DescriptionOfServices>
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      </ContractorCompensation>
      <NumberOfContractorsGT100K>1</NumberOfContractorsGT100K>
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      <GovernmentGrants>1872497</GovernmentGrants>
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      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
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        <RelatedOrExemptFunctionIncome>2963456</RelatedOrExemptFunctionIncome>
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      <ProgramServiceRevenue>
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        <RelatedOrExemptFunctionIncome>2988102</RelatedOrExemptFunctionIncome>
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        <Personal>0</Personal>
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        <ExclusionAmount>-1551</ExclusionAmount>
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      <NetIncomeOrLoss>
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        <RelatedOrExemptFunctionIncome>-85207</RelatedOrExemptFunctionIncome>
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      <TotalRevenue>
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        <RelatedOrExemptFunctionIncome>30180089</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>151141</ExclusionAmount>
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      <GrantsToDomesticOrgs>
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      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
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        <ProgramServices>12157422</ProgramServices>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>476110</Total>
        <ProgramServices>166769</ProgramServices>
        <ManagementAndGeneral>222055</ManagementAndGeneral>
        <Fundraising>87286</Fundraising>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>8835500</Total>
        <ProgramServices>7812860</ProgramServices>
        <ManagementAndGeneral>644000</ManagementAndGeneral>
        <Fundraising>378640</Fundraising>
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      <PensionPlanContributions>
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        <ProgramServices>300940</ProgramServices>
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        <Fundraising>12948</Fundraising>
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      <PayrollTaxes>
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        <ManagementAndGeneral>91001</ManagementAndGeneral>
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      <FeesForServicesManagement>
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      <FeesForServicesLegal>
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        <ProgramServices>1502</ProgramServices>
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      <FeesForServicesAccounting>
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      <FeesForServicesLobbying>
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      <FeesForServicesProfFundraising>
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      <FeesForServicesInvstMgmntFees>
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      <InformationTechnology>
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      <TravelEntrtnmntPublicOfficials>
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      </TravelEntrtnmntPublicOfficials>
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        <Total>304631</Total>
        <ProgramServices>190896</ProgramServices>
        <ManagementAndGeneral>47202</ManagementAndGeneral>
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      <Interest>
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        <ProgramServices>499310</ProgramServices>
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      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
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        <Total>2202622</Total>
        <ProgramServices>2149759</ProgramServices>
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      <Insurance>
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        <ProgramServices>369075</ProgramServices>
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      <OtherExpenses>
        <Description>FOOD PURCHASES</Description>
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        <ProgramServices>1377928</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>676658</Total>
        <ProgramServices>670984</ProgramServices>
        <ManagementAndGeneral>4011</ManagementAndGeneral>
        <Fundraising>1663</Fundraising>
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      <TotalFunctionalExpenses>
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        <ProgramServices>31641349</ProgramServices>
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        <Fundraising>754205</Fundraising>
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      <CashNonInterestBearing>
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        <EOY>5000</EOY>
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      <SavingsAndTempCashInvestments>
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      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
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      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
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        <FinancialStatementSeparate>X</FinancialStatementSeparate>
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      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
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        <ContributorAddressUS>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
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    </IRS990ScheduleB>
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      <CollectUsedForScholarResearch>X</CollectUsedForScholarResearch>
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      <SolicitedAssetsForSale>false</SolicitedAssetsForSale>
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      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
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        <OtherCostOrOtherBasis>543194</OtherCostOrOtherBasis>
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      </Land>
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        <Depreciation>23932410</Depreciation>
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      </Buildings>
      <LeaseholdImprovements />
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        <BookValue>5522423</BookValue>
      </Equipment>
      <OtherLandBuildings>
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        <BookValue>16056</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>38381654</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>REAL ESTATE</Description>
        <BookValue>1613163</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>CASH VALUE OF LIFE INSURANCE</Description>
        <BookValue>350257</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>BENEFICIAL INTEREST IN TRUSTS</Description>
        <BookValue>4822433</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>6785853</TotalBookValueOtherAssets>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>DEPOSITS &amp; PREPAID FEES</Description>
        <Amount>545900</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>FEDERAL ADVANCES FOR STUDENTS</Description>
        <Amount>1658975</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>INTEREST RATE SWAP AGREEMENTS</Description>
        <Amount>298313</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>2503188</TotalOfAmounts>
      <TotRevenueEtcAuditedFinclStmt>24535991</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>1180103</NetUnrealizedGainsInvestments>
      <OtherRevenues>582573</OtherRevenues>
      <RevenueNotRptdF990>1762676</RevenueNotRptdF990>
      <RevenueSubtotal>22773315</RevenueSubtotal>
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      <RevenueNotRptdOnFinStmt>12157422</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>34930737</TotalRevenuePerForm990>
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      <OtherExpensesIncluded>582573</OtherExpensesIncluded>
      <ExpensesNotRptdF990>582573</ExpensesNotRptdF990>
      <ExpensesSubtotal>22073907</ExpensesSubtotal>
      <OtherExpensesNotIncluded>12157422</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>12157422</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>34231329</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>PART III, LINE 4</Identifier>
        <ReturnReference>DESCRIPTION OF ART COLLECTIONS</ReturnReference>
        <Explanation>BLUFFTON UNIVERSITY CAPITALIZES CONTRIBUTIONS OF ART AND SIMILAR ASSETS WHEN RECEIVED. THESE COLLECTIONS ARE HELD FOR THE EDUCATION OF THE BLUFFTON COMMUNITY. PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT FUND IS DESIGNATED FOR SCHOLARSHIPS, FUTURE CAPITAL EXPANSION, AND MAINTENANCE OF CURRENT FACILITIES.</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>ASC 740 FOOTNOTE</Identifier>
        <Explanation>Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>PAGE 4, Part XI &amp; Part XII</Identifier>
        <ReturnReference>Line 2d</ReturnReference>
        <Explanation>FUNDRAISING EXPENSE 9,966 COST OF GOODS SOLD 572,607 TOTAL 582,573 LINE 4 STUDENT FINANCIAL AID 12,157,422</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE">
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      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>QUESTION 3</Identifier>
        <Explanation>A NONDISCRIMINATORY POLICY NOTED IN TRUSTEE BYLAWS, IN BOARD APPROVED RESOLUTION AND IN LITERATURE RELATING TO ALL PROGRAMS.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>QUESTION 6A</Identifier>
        <Explanation>BLUFFTON UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS PROVIDED BY THE FEDERAL GOVERNMENT.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleF documentId="IRS990ScheduleF">
      <AcctsActvsOutUSTable>
        <Region>Europe (Including Iceland and Greenland)</Region>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <TotalExpenditures>150243</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Central America and the Caribbean</Region>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <TotalExpenditures>1377</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Middle East and North Africa</Region>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <TotalExpenditures>13768</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <TotalExpenditures>41800</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <SubtotalAmountSpent>207188</SubtotalAmountSpent>
      <TotalAmountSpent>207188</TotalAmountSpent>
      <TransferToForeignCorp>false</TransferToForeignCorp>
      <InterestInForeignTrust>false</InterestInForeignTrust>
      <OwnForeignCorp>false</OwnForeignCorp>
      <PassiveForeignInvestCo>false</PassiveForeignInvestCo>
      <ForeignPartnership>false</ForeignPartnership>
      <BoycottCountries>false</BoycottCountries>
    </IRS990ScheduleF>
    <IRS990ScheduleG documentId="IRS990ScheduleG">
      <EventsInformation>
        <NameOfEvent1>GOLF OUTING</NameOfEvent1>
        <GrossReceiptsEvent1>18648</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>10233</CharitableContributionsEvent1>
        <GrossRevenueEvent1>8415</GrossRevenueEvent1>
        <NonCashPrizesEvent1>2003</NonCashPrizesEvent1>
        <RentFacilityCostsEvent1>7413</RentFacilityCostsEvent1>
        <FoodAndBeverageEvent1>25</FoodAndBeverageEvent1>
        <OtherDirectExpensesEvent1>525</OtherDirectExpensesEvent1>
        <TotalNumberOfOtherEvents>0</TotalNumberOfOtherEvents>
        <GrossReceiptsTotal>18648</GrossReceiptsTotal>
        <CharitableContributionsTotal>10233</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>8415</GrossRevenueTotalEvents>
        <NonCashPrizesTotalEvents>2003</NonCashPrizesTotalEvents>
        <RentFacilityCostsTotalEvents>7413</RentFacilityCostsTotalEvents>
        <FoodAndBeverageTotalEvents>25</FoodAndBeverageTotalEvents>
        <OtherDirectExpensesTotalEvents>525</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>9966</DirectExpenseSummaryEvents>
        <NetIncomeSummary>-1551</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <RecordsMaintained>true</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>BLUFFTON UNIVERSITY STUDENT AID PROGRAM</TypeOfGrant>
        <NumberOfRecipients>1095</NumberOfRecipients>
        <AmountOfCashGrant>12157422</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>SCHEDULE I</Identifier>
        <ReturnReference>Procedures for Monitoring the use of grant funds in U.S.</ReturnReference>
        <Explanation>The awarding of Financial Aid starts after a student is accepted into Bluffton University. Those students who need financial support have to file an application for Federal Student Aid. Bluffton University offers University funds, state and federal grants and student loans. Need-based financial aid grants are awarded based on the calculations from FAFSA and the resulting financial need of the students. Academic scholarships are determined at the time of acceptance and based off of high school GPA and board scores.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <PaymentsForUseOfResidence>X</PaymentsForUseOfResidence>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>James Harder</NamePerson>
        <Title>President</Title>
        <BaseCompensationFilingOrg>148801</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>1566</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>7518</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>12321</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>170206</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>PAYMENTS FOR BUSINESS USE OF PERSONAL RESIDENCE</Identifier>
        <ReturnReference>LINE 1A</ReturnReference>
        <Explanation>THE PRESIDENT INVITES INDIVIDUALS TO HIS HOME AND PROVIDES A MEAL. AFTER EACH VISIT, THE PRESIDENT SUBMITS A LIST OF INDIVIDUALS WHO ATTENDED THE MEAL. THE PRESIDENT IS REIMBURSED FOR $6.00 PER PERSON, AND THE AMOUNT WILL NOT BE INCLUDED ON HIS W-2 AS THE ACCOUNTABLE RULE PLANS ARE BEING FOLLOWED.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK">
      <Form990ScheduleKPartI>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>OHIO HIGHER EDUCATIONAL FACILITY COMMISSION</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>346849674</IssuerEIN>
        <CUSIPNumber>67756EQV9</CUSIPNumber>
        <DateIssued>2010-04-06</DateIssued>
        <IssuePrice>9000000</IssuePrice>
        <DescriptionOfPurpose>FACILITIES AND EQUIPMENT</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <BondReferenceCd>A</BondReferenceCd>
        <AmountRetired>0</AmountRetired>
        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>9000000</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>0</IssuanceCostsFromProceeds>
        <CreditEnhancement>0</CreditEnhancement>
        <WorkingCapitalExpenditures>7350000</WorkingCapitalExpenditures>
        <CapitalExpenditures>1650000</CapitalExpenditures>
        <OtherSpentProceeds>0</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2010</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0</PrcntgePrvtBusinessUseByOthers>
        <BondIssMeetPrvtSecurityPayTest>false</BondIssMeetPrvtSecurityPayTest>
        <ChangeInUseBondFinancedProp>false</ChangeInUseBondFinancedProp>
        <RemedialActionTaken>false</RemedialActionTaken>
        <NonQualifiedBondRemedProcdrs>false</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiled>false</Form8038TFiled>
        <RebateNotDueYet>true</RebateNotDueYet>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfHedgeProvider>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <NameOfGICProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfGICProvider>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <WrittenProcToMonitorReqs>false</WrittenProcToMonitorReqs>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartV>
        <BondReferenceCd>A</BondReferenceCd>
        <ProcToUndertkCorrectiveAction>false</ProcToUndertkCorrectiveAction>
      </Form990ScheduleKPartV>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="IRS990ScheduleL">
      <Form990ScheduleLPartIII>
        <AmountOfGrant>11979</AmountOfGrant>
        <TypeOfAssistance>GRANT</TypeOfAssistance>
        <PurposeOfAssistance>EMPLOYEE BENEFIT</PurposeOfAssistance>
      </Form990ScheduleLPartIII>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="IRS990ScheduleM">
      <WorksOfArt />
      <ArtHistoricalTreasures />
      <ArtFractionalInterest />
      <BooksAndPublications />
      <ClothingAndHouseholdGoods />
      <CarsAndOtherVehicles />
      <BoatsAndPlanes />
      <IntellectualProperty />
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>7</NumberOfContributions>
        <NoncashContribsRptdF990>58040</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <SecuritiesCloselyHeldStock />
      <SecuritiesPrtnrshpTrustIntrsts />
      <SecuritiesMiscellaneous />
      <QualifiedContribHistStruct />
      <QualifiedContribOther />
      <RealEstateResidential>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>125000</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>APPRAISAL</MethodOfDeterminingRevenues>
      </RealEstateResidential>
      <RealEstateCommercial />
      <RealEstateOther />
      <Collectibles />
      <FoodInventory />
      <DrugsAndMedicalSupplies />
      <Taxidermy />
      <HistoricalArtifacts />
      <ScientificSpecimens />
      <ArchaeologicalArtifacts />
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>true</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>Part I, Question 32b</Identifier>
        <ReturnReference>NONCASH CONTRIBUTIONS</ReturnReference>
        <Explanation>THE ORGANIZATION HIRES A THIRD PARTY TO SELL ANY CONTRIBUTIONS RECEIVED OF PUBLICLY TRADED SECURITIES.</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>Part VI, Question 2</Identifier>
        <Explanation>HANS HOUSHOWER HAS A BUSINESS RELATIONSHIP WITH SALLY WEAVER SOMMER.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 11</Identifier>
        <Explanation>FORM 990 IS THOROUGHLY REVIEWED BY THE ORGANIZATION'S VICE PRESIDENT OF FINANCIAL AFFAIRS AND THE BUSINESS MANAGER. FORM 990 IS ALSO REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. PRIOR TO FILING, THE GOVERNING BODY WAS PROVIDED A COMPLETE COPY OF THE 990 WITH THE EXCEPTION OF THE NAMES AND ADDRESSES IN THE CONTRIBUTOR'S LISTING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 12C</Identifier>
        <Explanation>A QUESTIONNAIRE IS SENT OUT ANNUALLY TO ALL OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES TO DISCLOSE PERSONAL AND BUSINESS RELATIONSHIPS. THE QUESTIONNAIRES ARE REVIEWED ANNUALLY. IF A CONFLICT EXISTS RESTRICTIONS WILL BE IMPOSED ON PERSONS WITH A CONFLICT SUCH AS PROHIBITING THEM FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTIONS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 15A &amp; 15B</Identifier>
        <Explanation>The president and the officers send a request to the board of directors. The board reviews the request while taking into account the university budget and the compensation figures of comparable Not-For-Profit colleges and Universities. Ultimate approval rests with the board.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part VI, Question 19</Identifier>
        <Explanation>BLUFFTON UNIVERSITY KEEPS COPIES OF THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ON SITE AND ARE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PART XI</Identifier>
        <ReturnReference>LINE 9</ReturnReference>
        <Explanation>CHANGE IN VALUE OF INTERESTS IN SPLIT-INTEREST AGREEMENTS 371,700 CHANGE IN FAIR VALUE OF DERIVATIVE CONTRACT 168,988 TOTAL $540,088</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>CHARITABLE REMAINDER TRUST</BusinessNameLine1>
        </NameOfRelatedOrg>
        <PrimaryActivity>CHAR RMNDR TR</PrimaryActivity>
        <LegalDomicileState>OH</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartIV>
    </IRS990ScheduleR>
  </ReturnData>
</Return>