﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2014-03-25T01:37:07-00:00</Timestamp>
    <TaxPeriodEndDate>2013-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Bennett &amp; Associates CPAs PLLC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>100 Huronview Blvd Ste 200</AddressLine1>
        <City>Ann Arbor</City>
        <State>MI</State>
        <ZIPCode>481032946</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>030598838</EIN>
      <Name>
        <BusinessNameLine1>Partnership for Economics Education and Research</BusinessNameLine1>
      </Name>
      <NameControl>PART</NameControl>
      <USAddress>
        <AddressLine1>100 Huronview Blvd Room 200</AddressLine1>
        <City>Ann Arbor</City>
        <State>MI</State>
        <ZIPCode>48103</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Eric Livny</Name>
      <Title>President and Exec Director</Title>
      <DateSigned>2014-03-25</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>James Bennett CPA</Name>
      <Phone>7346228015</Phone>
      <DatePrepared>2014-03-25</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2015-11-30 17:44:51Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990 documentId="990" softwareId="12000057" softwareVersion="12.19.1011.1">
      <NameOfPrincipalOfficerPerson>Eric Livny</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerForeign>
        <AddressLine1>16 Zandukeli Street</AddressLine1>
        <City>Tbilisi</City>
        <ProvinceOrState>GG</ProvinceOrState>
        <Country>GG</Country>
        <PostalCode>0108</PostalCode>
      </AddressPrincipalOfficerForeign>
      <GrossReceipts>451875</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>2006</YearFormation>
      <StateLegalDomicile>DC</StateLegalDomicile>
      <ActivityOrMissionDescription>To foster economic education and research in the Republic of Georgia, Armenia, Azerbaijan and neighboring countries, in accordance with the highest academic standards of the international economics profession.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>14</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>14</NbrIndependentVotingMembers>
      <TotalNbrEmployees>0</TotalNbrEmployees>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>3197695</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>347250</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenueCY>0</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>30590</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>26658</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>73059</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>77967</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>3301344</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>451875</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>970235</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>923774</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>241877</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>324889</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>35089</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>248823</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>369853</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>1460935</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>1618516</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>1840409</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-1166641</RevenuesLessExpensesCY>
      <TotalAssetsBOY>2449965</TotalAssetsBOY>
      <TotalAssetsEOY>1263121</TotalAssetsEOY>
      <TotalLiabilitiesBOY>101758</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>25713</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>2348207</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>1237408</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <MissionDescription>To foster economic education and research in the Republic of Georgia, Armenia, Azerbaijan and neighboring countries, in accordance with the highest academic standards of the international economics profession.</MissionDescription>
      <SignificantNewProgramServices>true</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>1081575</Expense>
      <Grants>923774</Grants>
      <Description>PEERs major objective is to fund the activities and programs of the International School of Economics at Tbilisi State University in the Republic of Georgia while ensuring that it is a sustainable center of excellence in economics.</Description>
      <Activity2>
        <Expense>224274</Expense>
        <Description>ISET-PI - The ISET Policy Institute was founded in May 2011 by PEER with the financial support of the Think Tank Fund of the Open Society Institute. ISET-PI is one of the first university-based think tanks in the South Caucasus. It is based at the International School of Economics at TSU.</Description>
      </Activity2>
      <TotalProgramServiceExpense>1305849</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="990A">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="990B">true</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <DonorAdvisedFunds>false</DonorAdvisedFunds>
      <ConservationEasements>false</ConservationEasements>
      <CollectionsOfArt>false</CollectionsOfArt>
      <CreditCounseling>false</CreditCounseling>
      <TermOrPermanentEndowments>false</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="990D">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities>false</ReportInvestOthSecurities>
      <ReportProgRelInvest>false</ReportProgRelInvest>
      <ReportOtherAssets>false</ReportOtherAssets>
      <ReportOtherLiabilities>false</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="990D">true</ReportFin48Footnote>
      <IndependentAuditFinancialStmt>false</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="990D">true</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>true</ForeignOffice>
      <ForeignActivities referenceDocumentId="990F">true</ForeignActivities>
      <MoreThan5000KToOrganizations referenceDocumentId="990F">true</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals referenceDocumentId="990F">true</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>false</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg>false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>2</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>0</NumberOfEmployees>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>true</ForeignFinancialAccount>
      <NameOfForeignCountry>GG</NameOfForeignCountry>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>14</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>14</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>false</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>false</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>false</WhistleblowerPolicy>
      <DocumentRetentionPolicy>false</DocumentRetentionPolicy>
      <CompensationProcessCEO>false</CompensationProcessCEO>
      <CompensationProcessOther>false</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>DC</StatesWhereCopyOfReturnIsFiled>
      <OtherWebsite>X</OtherWebsite>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>PEER</NamePerson>
        <TelephoneNumber>9953250717</TelephoneNumber>
        <AddressForeign>
          <AddressLine1>16 Zandukeli Street</AddressLine1>
          <City>Tbilisi</City>
          <ProvinceOrState>GG</ProvinceOrState>
          <Country>GG</Country>
          <PostalCode>0108</PostalCode>
        </AddressForeign>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>Eric Livny</NamePerson>
        <Title>President</Title>
        <AverageHoursPerWeek>040.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>124800</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>1316</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Roy Southworth</NamePerson>
        <Title>Chair</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>William Newton-Smith</NamePerson>
        <Title>Secretary</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Vladimer Papava</NamePerson>
        <Title>Ex Officio Voting Member</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Vache Gabrielyan</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>David Lezhava</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Rusudan Medzmariashvili</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Shahmar Movsumov</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Tomas Brunegard</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Eteri Kvintradze</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Erling Skjonsberg</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Randall Filer</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Robert Tchaidze</NamePerson>
        <Title>Ex Officio Voting Member</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Lado Gurgenidze</NamePerson>
        <Title>Chair</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Paul Wachtel</NamePerson>
        <Title>Ex Officio Voting Member</Title>
        <AverageHoursPerWeek>001.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>124800</TotalReportableCompFromOrg>
      <TotalOtherCompensation>1316</TotalOtherCompensation>
      <NumberIndividualsGT100K>1</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <AllOtherContributions>347250</AllOtherContributions>
      <TotalContributions>347250</TotalContributions>
      <InvestmentIncome>
        <TotalRevenueColumn>26658</TotalRevenueColumn>
        <ExclusionAmount>26658</ExclusionAmount>
      </InvestmentIncome>
      <OtherRevenueMisc>
        <Description>Miscellaneous Revenue</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>77967</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>77967</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <TotalOtherRevenue>77967</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>451875</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>77967</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>26658</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>0</Total>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>923774</Total>
        <ProgramServices>923774</ProgramServices>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>126115</Total>
        <ProgramServices>31529</ProgramServices>
        <ManagementAndGeneral>63057</ManagementAndGeneral>
        <Fundraising>31529</Fundraising>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>186110</Total>
        <ProgramServices>160799</ProgramServices>
        <ManagementAndGeneral>24098</ManagementAndGeneral>
        <Fundraising>1213</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>0</Total>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>12664</Total>
        <ProgramServices>10155</ProgramServices>
        <ManagementAndGeneral>1440</ManagementAndGeneral>
        <Fundraising>1069</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>0</Total>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>400</Total>
        <ManagementAndGeneral>400</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>9908</Total>
        <ManagementAndGeneral>9908</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising></FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>0</Total>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>0</Total>
      </FeesForServicesOther>
      <Advertising>
        <Total>3412</Total>
        <ProgramServices>2729</ProgramServices>
        <ManagementAndGeneral>255</ManagementAndGeneral>
        <Fundraising>428</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>81057</Total>
        <ProgramServices>59383</ProgramServices>
        <ManagementAndGeneral>20824</ManagementAndGeneral>
        <Fundraising>850</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>0</Total>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>0</Total>
      </Occupancy>
      <Travel>
        <Total>101612</Total>
        <ProgramServices>77268</ProgramServices>
        <ManagementAndGeneral>24344</ManagementAndGeneral>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>52307</Total>
        <ProgramServices>39356</ProgramServices>
        <ManagementAndGeneral>12951</ManagementAndGeneral>
      </ConferencesMeetings>
      <Interest>
        <Total>0</Total>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>0</Total>
      </DepreciationDepletion>
      <Insurance>
        <Total>2240</Total>
        <ManagementAndGeneral>2240</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>Miscellaneous</Description>
        <Total>1531</Total>
        <ProgramServices>856</ProgramServices>
        <ManagementAndGeneral>675</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Program grant</Description>
        <Total>117386</Total>
        <ManagementAndGeneral>117386</ManagementAndGeneral>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>0</Total>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>1618516</Total>
        <ProgramServices>1305849</ProgramServices>
        <ManagementAndGeneral>277578</ManagementAndGeneral>
        <Fundraising>35089</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>160123</BOY>
        <EOY>11759</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>418703</BOY>
        <EOY>339408</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>1828001</BOY>
        <EOY>891810</EOY>
      </PledgesAndGrantsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>38351</BOY>
        <EOY>7616</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>12528</LandBuildingsEquipmentBasis>
      <LandBuildingsEquipmentBasisNet>
        <BOY>4787</BOY>
        <EOY>12528</EOY>
      </LandBuildingsEquipmentBasisNet>
      <TotalAssets>
        <BOY>2449965</BOY>
        <EOY>1263121</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>14867</BOY>
        <EOY>19550</EOY>
      </AccountsPayableAccruedExpenses>
      <GrantsPayable>
        <BOY>86891</BOY>
        <EOY>6163</EOY>
      </GrantsPayable>
      <TotalLiabilities>
        <BOY>101758</BOY>
        <EOY>25713</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>203201</BOY>
        <EOY>79769</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>2145006</BOY>
        <EOY>1157639</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>2348207</BOY>
        <EOY>1237408</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>2449965</BOY>
        <EOY>1263121</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>-1166641</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>55842</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="990A" softwareId="12000057" softwareVersion="12.19.1011.1">
      <CollegeSupportOrg170b1Aiv>X</CollegeSupportOrg170b1Aiv>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>282746</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>396649</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>428928</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>3197695</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>347250</CurrentTaxYear>
        <Total>4653268</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>282746</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>396649</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>428928</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>3197695</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>347250</CurrentTaxYear>
        <Total>4653268</Total>
      </Total170>
      <AmountsSubstContributorsTotal>962922</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>3690346</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>23149</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>8591</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>8150</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>30590</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>26658</CurrentTaxYear>
        <Total>97138</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus1Year>73059</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>77967</CurrentTaxYear>
        <Total>151026</Total>
      </OtherIncome170>
      <TotalSupport>4901432</TotalSupport>
      <PublicSupportPertcentage170>0.75290</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.66770</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
      <PublicSupportPercentage509>0.00000</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0.00000</InvestmentIncomePercentage>
      <FactsAndCircumstancesTest>Part II Line 10 Other related income - other income - 77,967</FactsAndCircumstancesTest>
      <GeneralExplanation>Part II Line 10 Other related income - other income - 77,967</GeneralExplanation>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="990B" softwareId="12000057" softwareVersion="12.19.1011.1">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="990D" softwareId="12000057" softwareVersion="12.19.1011.1">
      <IncludedOnFS>false</IncludedOnFS>
      <Equipment>
        <OtherCostOrOtherBasis>12528</OtherCostOrOtherBasis>
        <BookValue>12528</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>12528</TotalOfBookValueLandBuildings>
      <OtherSecurities>
        <Description>Financial derivatives and other financial products</Description>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Closely-held equity interests</Description>
      </OtherSecurities>
      <OtherLiabilities>
        <Description>Federal income taxes</Description>
      </OtherLiabilities>
      <FootnoteInPartXIII>X</FootnoteInPartXIII>
      <TotRevenueEtcAuditedFinclStmt>507717</TotRevenueEtcAuditedFinclStmt>
      <OtherRevenues>55842</OtherRevenues>
      <RevenueNotRptdF990>55842</RevenueNotRptdF990>
      <RevenueSubtotal>451875</RevenueSubtotal>
      <TotalRevenuePerForm990>451875</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>1618516</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>1618516</ExpensesSubtotal>
      <TotalExpensesPerForm990>1618516</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>XI</Identifier>
        <ReturnReference>2d</ReturnReference>
        <Explanation>Exchange rate gain</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>X</Identifier>
        <ReturnReference>2</ReturnReference>
        <Explanation>Income tax regulations in the Republic of Georgia are under development and subject to constant change. Based on the interpretation of current law PEER does not believe it is subject to income taxes and therefore has not recorded and tax liabilities. However, because of constant changes in the interpretation of Georgian tax law, PEER may be subject to various tax liabilities in Georgia. Management is of the opinion that no significant tax liability will result for the fiscal year 2013 and consequently has not recorded a tax liability.</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="990F" softwareId="12000057" softwareVersion="12.19.1011.1">
      <GrantRecordsMaintained>true</GrantRecordsMaintained>
      <AcctsActvsOutUSTable>
        <Region>Russia and the Newly Independent States</Region>
        <NumberOfOffices>1</NumberOfOffices>
        <NumberOfEmployees>1</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program, administration</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Grantmaking</SpecificServicesProvided>
        <TotalExpenditures>1618516</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <SubtotalNumberOfOffices>1</SubtotalNumberOfOffices>
      <SubtotalNumberOfEmployees>1</SubtotalNumberOfEmployees>
      <TotalNumberOfOffices>1</TotalNumberOfOffices>
      <TotalNumberOfEmployees>1</TotalNumberOfEmployees>
      <SubtotalAmountSpent>1618516</SubtotalAmountSpent>
      <TotalAmountSpent>1618516</TotalAmountSpent>
      <GrantsToOrgsOutsideUS>
        <Region>Russia and the Newly Independent States</Region>
        <PurposeOfGrant>ISET</PurposeOfGrant>
        <AmountOfCashGrant>280000</AmountOfCashGrant>
        <MannerOfCashDisbursement>Wire transfer</MannerOfCashDisbursement>
      </GrantsToOrgsOutsideUS>
      <TotalNumberOfOtherOrgs>1</TotalNumberOfOtherOrgs>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>Faculty grants, test fees</TypeOfAssistance>
        <Region>Russia and the Newly Independent States</Region>
        <NumberOfRecipients>59</NumberOfRecipients>
        <AmountOfCashGrant>623830</AmountOfCashGrant>
        <MannerOfCashDisbursement>Electronic payments</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <TransferToForeignCorp>false</TransferToForeignCorp>
      <InterestInForeignTrust>false</InterestInForeignTrust>
      <OwnForeignCorp>false</OwnForeignCorp>
      <PassiveForeignInvestCo>false</PassiveForeignInvestCo>
      <ForeignPartnership>false</ForeignPartnership>
      <BoycottCountries>false</BoycottCountries>
      <Form990ScheduleFPartV>
        <Identifier>I</Identifier>
        <ReturnReference>2</ReturnReference>
        <Explanation>Procedures for Monitoring the use of grant funds - The funds are monitored by contractual requirement of reports prior to payment.</Explanation>
      </Form990ScheduleFPartV>
    </IRS990ScheduleF>
    <IRS990ScheduleO documentId="990O" softwareId="12000057" softwareVersion="12.19.1011.1">
      <GeneralExplanation>
        <Explanation>Form 990 Part VI Line 11b Organizations process to review Form 990 - Full board reviews Form 990 prior to filing.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Form 990 Part VI Line 19 Governing documents disclosure explanation - Available upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Form 990 Part XI Line 5 Other changes in net assets or fund balances - Exchange rate gain</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Form 990 Part III Line 2 New Program Service - ISET-PI - The ISET Policy Institute was founded in May 2011 by PEER with the financial support of the Think Tank Fund of the Open Society Institute. ISET-PI is one of the first university-based think tanks in the South Caucasus. It is based at the International School of Economics at TSU.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>