VILLANOVA UNIVERSITY: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
VILLANOVA UNIVERSITY (EIN 23-1352688)
Tax period
2012-06-01 to 2013-05-31
Filed
2014-04-14
IRS object ID
201411049349300321
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2014-04-14T11:52:07-05:00Timestamp
Tax Period End Date2013-05-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1PricewaterhouseCoopers LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line12001 MARKET ST SUITE 1700AddressLine1
CityPHILADELPHIACity
StatePAState
ZIP Code19103ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-06-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN231352688EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1VILLANOVA UNIVERSITYBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of Name% KENNETH G VALOSKY VP ADMIN &InCareOfName
Name ControlVILLNameControl
Phone6105194532Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 LANCASTER AVENUEAddressLine1
Address Line2SuiteAddressLine2
CityVILLANOVACity
StatePAState
ZIP Code190851676ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameKENNETH G VALOSKYName
TitleVP Admin and FinanceTitle
Phone6105194532Phone
Date Signed2014-04-14DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
Phone2673303000Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonKENNETH G VALOSKYNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1VILLANOVA UNIVERSITYAddressLine1
CityVILLANOVACity
StatePAState
ZIP Code19085ZIPCode
FieldValueIRS element (for citing)
Gross Receipts776680659GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web Sitewww.villanova.eduWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1848YearFormation
State Legal DomicilePAStateLegalDomicile
Activity Or Mission DescriptionSee Attachment 1ActivityOrMissionDescription
Nbr Voting Members Governing Body34NbrVotingMembersGoverningBody
Nbr Independent Voting Members31NbrIndependentVotingMembers
Total Nbr Employees6663TotalNbrEmployees
Total Nbr Volunteers10422TotalNbrVolunteers
Total Gross UBI6607779TotalGrossUBI
Net Unrelated Business Txbl Income271694NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year35894400ContributionsGrantsPriorYear
Contributions Grants Current Year64231316ContributionsGrantsCurrentYear
Program Service Revenue Prior Year417327846ProgramServiceRevenuePriorYear
Program Service Revenue CY428484692ProgramServiceRevenueCY
Investment Income Prior Year16825925InvestmentIncomePriorYear
Investment Income Current Year13223103InvestmentIncomeCurrentYear
Other Revenue Prior Year16701667OtherRevenuePriorYear
Other Revenue Current Year18260368OtherRevenueCurrentYear
Total Revenue Prior Year486749838TotalRevenuePriorYear
Total Revenue Current Year524199479TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year98465422GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY107905467GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year219437389SalariesEtcPriorYear
Salaries Etc Current Year231527499SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year554259TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY700430TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year11770700TotalFundrsngExpCurrentYear
Other Expense Prior Year133065495OtherExpensePriorYear
Other Expenses Current Year127502351OtherExpensesCurrentYear
Total Expenses Prior Year451522565TotalExpensesPriorYear
Total Expenses Current Year467635747TotalExpensesCurrentYear
Revenues Less Expenses Prior Year35227273RevenuesLessExpensesPriorYear
Revenues Less Expenses CY56563732RevenuesLessExpensesCY
Total Assets BOY904722414TotalAssetsBOY
Total Assets EOY999397358TotalAssetsEOY
Total Liabilities BOY285546348TotalLiabilitiesBOY
Total Liabilities EOY267781662TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY619176066NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY731615696NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionVILLANOVA UNIVERSITY IS A CATHOLIC AUGUSTINIAN COMMUNITY OF HIGHER EDUCATION, COMMITTED TO EXCELLENCE AND DISTINCTION IN THE DISCOVERY, DISSEMINATION AND APPLICATION OF KNOWLEDGE. INSPIRED BY THE LIFE AND TEACHING OF JESUS CHRIST, THE UNIVERSITY IS GROUNDED IN THE WISDOM OF THE CATHOLIC INTELLECTUAL TRADITION AND ADVANCES A DEEPER UNDERSTANDING OF THE RELATIONSHIP BETWEEN FAITH AND REASON. VILLANOVA EMPHASIZES AND CELEBRATES THE LIBERAL ARTS AND SCIENCES AS FOUNDATIONAL TO ALL ACADEMIC PROGRAMS. THE UNIVERSITY COMMUNITY WELCOMES AND RESPECTS MEMBERS OF ALL FAITHS WHO SEEK TO NURTURE A CONCERN FOR THE COMMON GOOD AND WHO SHARE AN ENTHUSIASM FOR THE CHALLENGE OF RESPONSIBLE AND PRODUCTIVE CITIZENSHIP IN ORDER TO BUILD A JUST AND PEACEFUL WORLD.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense154833534Expense
Revenue352637951Revenue
DescriptionInstruction: In the Fall Semester of 2013, the University had enrolled 6,380 full-time equivalent undergraduate students and 3,001 full-time equivalent graduate students in a variety of programs.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense99696397Expense
Grants99696397Grants
DescriptionScholarship and Fellowships: A significant amount of financial assistance is provided to enable qualified students to study at the University. A total of 4,215 students received financial assistance from the University during Fiscal Year 2013.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense48772762Expense
Grants2579995Grants
Revenue15062823Revenue
DescriptionStudent Services: A number of offices exist to provide services to students, both for academic and personal needs. These offices, include, among others, Athletics, the Admissions Office, the Registrar's Office, Career Services, Student Activities, and Campus Ministry.Description
FieldValueIRS element (for citing)
Total Of Other Program Service Exp143033890TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt5629075TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev72993499TotalOfOtherProgramServiceRev
Total Program Service Expense446336583TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiestrueLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArttrueCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiestrueReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmttrueConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficetrueForeignOffice
Foreign ActivitiestrueForeignActivities
More Than5000 K To OrganizationstrueMoreThan5000KToOrganizations
More Than5000 K To IndividualstrueMoreThan5000KToIndividuals
Professional FundraisingtrueProfessionalFundraising
Fundraising ActivitiestrueFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationstrueGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondstrueTaxExemptBonds
Invest Tax Exempt BondsfalseInvestTaxExemptBonds
Escrow AccountfalseEscrowAccount
On Behalf Of IssuerfalseOnBehalfOfIssuer
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MembertrueBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshptrueOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionstrueDeductibleNonCashContributions
Deductible Contributions Of ArttrueDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntitytrueDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntitytrueRelatedOrgControlledEntity
Transaction Related EntitytrueTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With1096642NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees6663NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncometrueUnrelatedBusinessIncome
Form990-T FiledtrueForm990-TFiled
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionstrueQuidProQuoContributions
Quid Pro Quo DisclosuretrueQuidProQuoDisclosure
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members34NbrVotingGoverningBodyMembers
Number Independent Voting Members31NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledAKStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledAZStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledCOStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledKYStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledMEStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledMDStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledMIStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledNHStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledOHStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledOKStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledORStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledPAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledVAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledWAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonKENNETH G VALOSKY VP ADMINNamePerson
Telephone Number6105194532TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1FINANCE 800 LANCASTER AVEAddressLine1
CityVILLANOVACity
StatePAState
ZIP Code19085ZIPCode
FieldValueIRS element (for citing)
Info In Schedule O Part VIIXInfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (64 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekAverage Hours Per Week RelatedAverageHoursPerWeekRelatedIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployeeFormerFormer
REV PETER M DONOHUE OSA
PRESIDENT/TRUSTEE35.00.0XX000
MR RICHARD P BRENNAN
TRUSTEE AS REQUIRED1.0X0
MR JAMES D DANELLA
TRUSTEE AS REQUIRED1.0X0
MR JAMES C DAVIS
TRUSTEE AS REQUIRED1.0X0
MS DENISE L DEVINE
TRUSTEE AS REQUIRED1.0X0
NANCE K DICCIANI PHD
TRUSTEE AS REQUIRED1.0X0
MR DANIEL M DILELLA
TRUSTEE AS REQUIRED1.0X0
REV RAYMOND F DLUGOS OSA
TRUSTEE AS REQUIRED1.0X0
MR PETER L FONG
TRUSTEE AS REQUIRED1.0X0
DARRYL J FORD PHD
TRUSTEE AS REQUIRED1.0X0
VERY REV ANTHONY M GENOVESEOSA
TRUSTEE AS REQUIRED1.0X0
MR WILLIAM M GIBSON
TRUSTEE AS REQUIRED1.0X0
MR JUSTIN G GMELICH
TRUSTEE AS REQUIRED1.0X0
REV PETER G GORI OSA JCD
TRUSTEE AS REQUIRED1.0X0
HELEN M HORSTMANN MD
TRUSTEE AS REQUIRED1.0X0
MS PATRICIA H IMBESI
TRUSTEE AS REQUIRED1.0X0
MR JOHN P JONES III
TRUSTEE AS REQUIRED1.0X0
MS CATHERINE M KEATING
TRUSTEE AS REQUIRED1.0X0
MS SHEILA F KLEHM
TRUSTEE AS REQUIRED1.0X0
MR PATRICK G LEPORE
TRUSTEE AS REQUIRED1.0X0
MR LEONARD J LOBIONDO
TRUSTEE AS REQUIRED1.0X0
MS ELIZABETH T MAZZEO
TRUSTEE AS REQUIRED1.0X0
MR ROBERT J MCCARTHY
TRUSTEE AS REQUIRED1.0X0
MR PATRICK M MCMAHON
TRUSTEE AS REQUIRED1.0X0
MS ANNE WELSH MCNULTY
TRUSTEE AS REQUIRED1.0X0
REV KEVIN C MULLINS OSA
TRUSTEE AS REQUIRED1.0X0
MR THOMAS M MULROY
TRUSTEE AS REQUIRED1.0X0
REV JOSEPH L NAROG OSA
TRUSTEE AS REQUIRED1.0X0
MARY D NAYLOR PHD RN
TRUSTEE AS REQUIRED1.0X0
MR JAMES V O'DONNELL
TRUSTEE AS REQUIRED1.0X0
MR TERENCE M O'TOOLE
TRUSTEE AS REQUIRED1.0X0
REV JAMES D PARADIS OSA
TRUSTEE AS REQUIRED1.0X0
VERY REV BERNARD C SCIANNA OSA
TRUSTEE AS REQUIRED1.0X0
BR ROBERT THORNTON OSA
TRUSTEE AS REQUIRED1.0X0
MR JOSEPH V TOPPER JR
TRUSTEE AS REQUIRED1.0X0
REV T SHAWN TRACY OSA
TRUSTEE AS REQUIRED1.0X0
PAUL A TUFANO ESQ
TRUSTEE AS REQUIRED1.0X0
MR EDWARD J WELSH
TRUSTEE AS REQUIRED1.0X0
MS ANN DIEBOLD
VP UNIVERSITY COMMUNICATION35.0X24239826557
REV KAIL C ELLIS OSA PHD
VP ACADEMIC AFFAIRS35.0X0
MR STEPHEN W FUGALE
VP FOR TECHNOLOGY & CIO35.0X27353837432
MS DOROTHY A MALLOY ESQ
VP & GENERAL COUNSEL35.0X26025536700
MS DEBRA FICKLER ESQ
VP & GENERAL COUNSEL35.01.0X18479233909
MR MICHAEL J O'NEILL
VP FOR UNIVERSITY ADVANCEMENT35.0X36463737132
REV JOHN P STACK OSA
VP STUDENT LIFE35.0X0
MR KENNETH G VALOSKY
VP FOR ADMIn & finance35.01.0X32128833122
BARBARA WALL PHD
VP FOR MISSION AND MINISTRY35.0X17971323048
JOHN Y GOTANDA ESQ
DEAN, SCHOOL OF LAW35.029339037295X
PATRICK G MAGGITTI PHD
DEAN, SCHOOL OF BUSINESS35.033818736133X
JEAN ANN LINNEY PHD
DEAN, COLLEGE OF ARTS AND SCIE35.025509427261X
ALFONSO ORTEGA PHD
ASSOC VP RESEARCH/GRAD PRGMS35.022009331766X
GARY A GABRIELE PHD
DEAN, ENGINEERING35.022127335063X
MR ROBERT H MORRO
ASSOC VP FACILITIES MANAGEMNT35.01.017402052634X
MR FREDERICK C SIEBER
ASSOC VP AUXILIARY SERVICES35.016148121973X
MR JEROLD T WRIGHT
COACH, MEN'S BASKETBALL35.0273841437432X
MR ANDREW J TALLEY
COACH, FOOTBALL35.027431034339X
MR RONALD P HILL
PROFESSOR35.026499031360X
QUINETTA ROBERSON PHD
PROFESSOR35.026858623610X
MR MICHAEL S PAGANO
PROFESSOR35.026271733304X
MR KEVIN D CLARK
ASSOCIATE PROFESSOR35.027577861958X
MS DORIS D BROGAN ESQ
PROFESSOR OF LAW35.020013933395X
HELEN K LAFFERTY PHD
COLLEGE PROF IN LIBERL A&S35.016405022188X
MR JOHN A DOODY
PROFESSOR35.016533722098X
JOHN R JOHANNES PHD
PROFESSOR35.018881331269X
FieldValueIRS element (for citing)
Total Reportable Comp From Org8293293TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation800978TotalOtherCompensation
Number Individuals GT100 K339NumberIndividualsGT100K
Formers ListedtrueFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
TORCON INC
328 NEWMAN SPRINGS ROADRED BANKNJ07701CONTRACTING8663942
WEST CHESTER MECHANICAL
201 FULTON STREETCHESTERPA19013CONTRACTING2430716
OLIVER SPRINKLER CO INC
501 FEHELEY DRIVEKING OF PRUSSIAPA19406FIRE EQUP CONTRACTOR1765238
FLATIRON BUILDING CO
5189 RIDGE AVEPHILADELPHIAPA19128CONTRACTOR1458989
A T CONTSTRUCTION INC
2271 GARRETT ROADDREXEL HILLPA19026CONSTRUCTION1200072
FieldValueIRS element (for citing)
Number Of Contractors GT100 K56NumberOfContractorsGT100K
Fundraising Events98610FundraisingEvents
Government Grants6566997GovernmentGrants
All Other Contributions57565709AllOtherContributions
Noncash Contributions1977631NoncashContributions
Total Contributions64231316TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
TUITION & FEES900099358857035358857035
SALES & SERVICES, AUXILIARY ENTERPRISES72100069627657650093294618328
FieldValueIRS element (for citing)
Total Program Service Revenue428484692TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column2809668TotalRevenueColumn
Unrelated Business Revenue914990UnrelatedBusinessRevenue
Exclusion$1,894,678ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real357998Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real357998Real
Personal0Personal

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column357998TotalRevenueColumn
Exclusion$357,998ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities262776215Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities252362780Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities10413435Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column10413435TotalRevenueColumn
Exclusion$10,413,435ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Fundraising Events118400GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events98610CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses118400FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
BELLE AIR YEARBOOK54180069617618977720
OUTSIDE USE OF ATHLETIC FACILITY721000405594405594
ATHLETICS5418001341615412772882643272

Miscellaneous Revenue MiscellaneousRevenue

FieldValueIRS element (for citing)
Total Revenue Column4011005TotalRevenueColumn
Related Or Exempt Function Income3993130RelatedOrExemptFunctionIncome
Unrelated Business Revenue17875UnrelatedBusinessRevenue
FieldValueIRS element (for citing)
Total Other Revenue17902370TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column524199479TotalRevenueColumn
Related Or Exempt Function Income440694273RelatedOrExemptFunctionIncome
Unrelated Business Revenue6607779UnrelatedBusinessRevenue
Exclusion$12,666,111ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total114983Total
Program Services114983ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total99696397Total
Program Services99696397ProgramServices

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total8094087Total
Program Services8094087ProgramServices

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total3706194Total
Program Services1613479ProgramServices
Management And General1705144ManagementAndGeneral
Fundraising387571Fundraising

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total174133107Total
Program Services166425459ProgramServices
Management And General2195887ManagementAndGeneral
Fundraising5511761Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total11448582Total
Program Services10817674ProgramServices
Management And General251133ManagementAndGeneral
Fundraising379775Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total30491795Total
Program Services28823072ProgramServices
Management And General668859ManagementAndGeneral
Fundraising999864Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total11747821Total
Program Services11100422ProgramServices
Management And General257697ManagementAndGeneral
Fundraising389702Fundraising

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total2582178Total
Program Services2183143ProgramServices
Management And General399035ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total413156Total
Program Services12887ProgramServices
Management And General400269ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total253274Total
Program Services3700ProgramServices
Management And General249574ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total10000Total
Program Services10000ProgramServices

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total700430Total
Fundraising700430Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total0Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total0Total

Advertising Advertising

FieldValueIRS element (for citing)
Total1628549Total
Program Services1566744ProgramServices
Management And General61505ManagementAndGeneral
Fundraising300Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total16370811Total
Program Services15415642ProgramServices
Management And General237277ManagementAndGeneral
Fundraising717892Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total10659941Total
Program Services10500042ProgramServices
Management And General159899ManagementAndGeneral

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total7843215Total
Program Services7647135ProgramServices
Management And General117648ManagementAndGeneral
Fundraising78432Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total8327489Total
Program Services7181746ProgramServices
Management And General9760ManagementAndGeneral
Fundraising1135983Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total4541874Total
Program Services4309186ProgramServices
Management And General38947ManagementAndGeneral
Fundraising193741Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total7226072Total
Program Services7045420ProgramServices
Management And General108391ManagementAndGeneral
Fundraising72261Fundraising

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total18246006Total
Program Services17789856ProgramServices
Management And General273690ManagementAndGeneral
Fundraising182460Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total1401300Total
Program Services196010ProgramServices
Management And General1205290ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
PURCHASED SERVICES17762738176596088810515025
COSTS OF GOODS SOLD1280263812802638
UNRELATED BUSINESS INCOME TAX300620300620
LIBRARY BOOKS & SUBSCRIPTIONS57091685709168

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total11423322Total
Program Services9317465ProgramServices
Management And General1100354ManagementAndGeneral
Fundraising1005503Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total467635747Total
Program Services446336583ProgramServices
Management And General9528464ManagementAndGeneral
Fundraising11770700Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY3278108BOY
EOY2741283EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY148398885BOY
EOY143334326EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY18604320BOY
EOY43741329EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY6911618BOY
EOY10858277EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY12220589BOY
EOY11938432EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY2304871BOY
EOY1862003EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY4637808BOY
EOY4568469EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis612604511LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec270748447LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY340092979BOY
EOY341856064EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY274198139BOY
EOY320989280EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY86459392BOY
EOY109712696EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
BOY590132BOY
EOY615732EOY

Intangible Assets IntangibleAssets

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY7025573BOY
EOY7179467EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY904722414BOY
EOY999397358EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY61134757BOY
EOY53424990EOY

Grants Payable GrantsPayable

FieldValueIRS element (for citing)
BOY1144406BOY
EOY1593142EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY12906413BOY
EOY17753889EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY182884530BOY
EOY174050171EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Loans From Officers Directors LoansFromOfficersDirectors

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY490000BOY
EOY425000EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY26986242BOY
EOY20534470EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY285546348BOY
EOY267781662EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY362325921BOY
EOY415936674EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY92176463BOY
EOY126373315EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY164673682BOY
EOY189305707EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY619176066BOY
EOY731615696EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY904722414BOY
EOY999397358EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses56563732ReconcilationRevenueExpenses
Reconciliation Unrealized Invest45442565ReconciliationUnrealizedInvest
Reconcilation Other Changes10433333ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement ConsolidatedXFinancialStatementConsolidated
FieldValueIRS element (for citing)
Audit CommitteetrueAuditCommittee
Federal Grant Audit RequiredtrueFederalGrantAuditRequired
Federal Grant Audit PerformedtrueFederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbying
Total Direct LobbyingTotalDirectLobbying
Total Lobbying ExpendituresTotalLobbyingExpenditures
Other Exempt Purpose ExpendituresOtherExemptPurposeExpenditures
Total Exempt Purpose ExpendituresTotalExemptPurposeExpenditures
Lobbying NontaxableLobbyingNontaxableAmount
Grassroots NontaxableGrassrootsNontaxableAmount
Tot Lobbying Grassroot Minus Non TxTotLobbyingGrassrootMinusNonTx
Tot Lobby Expend Mns Lobbying NontxTotLobbyExpendMnsLobbyingNontx
VolunteersfalseVolunteers
Paid Staff Or ManagementfalsePaidStaffOrManagement
Media AdvertisementsfalseMediaAdvertisements
Mailings MembersfalseMailingsMembers
Publications Or BroadcastfalsePublicationsOrBroadcast
Grants Other OrganizationsfalseGrantsOtherOrganizations
Direct Contact LegislatorstrueDirectContactLegislators
Direct Contact Legislators$10,000DirectContactLegislatorsAmount
Rallies DemonstrationsfalseRalliesDemonstrations
Total Lobbying Expenditures IIB10000TotalLobbyingExpendituresIIB

Form990 Schedule C Part IV Form990ScheduleCPartIV

FieldValueIRS element (for citing)
IdentifierSchedule C, Part II-B, Line 1gIdentifier
ExplanationIn FY2013, Villanova engaged a firm to provide lobbying services. These services included advisement, representation and advocacy on behalf of Villanova on a state and local level regarding strategic initiatives.Explanation

Schedule D IRS990ScheduleD

Art Public Exhibition Amts ArtPublicExhibitionAmts

FieldValueIRS element (for citing)
Assets In Part X1785564AssetsInPartX
FieldValueIRS element (for citing)
Held Works Of Art AmtsHeldWorksOfArtAmts
Collect Used For Public ExhibitionXCollectUsedForPublicExhibition
Collect Used For PreservationXCollectUsedForPreservation
Collect Used For Loan Or Exch PrgrmsXCollectUsedForLoanOrExchPrgrms
Solicited Assets For SalefalseSolicitedAssetsForSale

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance357022000BeginningOfYearBalance
Contributions26770000Contributions
Investment Earnings Or Losses59803000InvestmentEarningsOrLosses
Grants Or Scholarships3899283GrantsOrScholarships
Other Expenditures12008717OtherExpenditures
Administrative Expenses1894000AdministrativeExpenses
End Of Year Balance425793000EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance375061000BeginningOfYearBalance
Contributions19993000Contributions
Investment Earnings Or Losses-21152000InvestmentEarningsOrLosses
Grants Or Scholarships3368883GrantsOrScholarships
Other Expenditures11632117OtherExpenditures
Administrative Expenses1879000AdministrativeExpenses
End Of Year Balance357022000EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance302537000BeginningOfYearBalance
Contributions23804000Contributions
Investment Earnings Or Losses65461000InvestmentEarningsOrLosses
Grants Or Scholarships3739856GrantsOrScholarships
Other Expenditures11246144OtherExpenditures
Administrative Expenses1755000AdministrativeExpenses
End Of Year Balance375061000EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance265715000BeginningOfYearBalance
Contributions22988000Contributions
Investment Earnings Or Losses31717000InvestmentEarningsOrLosses
Grants Or Scholarships3498691GrantsOrScholarships
Other Expenditures12039309OtherExpenditures
Administrative Expenses2345000AdministrativeExpenses
End Of Year Balance302537000EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

FieldValueIRS element (for citing)
Beginning Of Year Balance355255000BeginningOfYearBalance
Contributions20118000Contributions
Investment Earnings Or Losses-92380000InvestmentEarningsOrLosses
Grants Or Scholarships3113210GrantsOrScholarships
Other Expenditures11392790OtherExpenditures
Administrative Expenses2772000AdministrativeExpenses
End Of Year Balance265715000EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.46800BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.53200PermanentEndowmentEOYBalance
Endowments Held By Unrelated OrgsfalseEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis27030687OtherCostOrOtherBasis
Book Value27030687BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis522595850OtherCostOrOtherBasis
Depreciation230042271Depreciation
Book Value292553579BookValue
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovements

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis53622593OtherCostOrOtherBasis
Depreciation40706176Depreciation
Book Value12916417BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis9355381OtherCostOrOtherBasis
Book Value9355381BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings341856064TotalOfBookValueLandBuildings
Financial DerivativesFinancialDerivatives
Closely Held Equity InterestsCloselyHeldEquityInterests

Other Securities OtherSecurities (6 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
HEDGE FUNDS67719027F
PRIVATE EQUITY20670977F
VENTURE CAPITAL10898027F
INFLATION HEDGING8533936F
REAL ESTATE1777740F
DEPOSITS WITH BOND TRUSTEES112989F
FieldValueIRS element (for citing)
Total Of Book Value Securities109712696TotalOfBookValueSecurities
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescriptionAmountAmount
DEPOSITS BY STUDENTS$2,039,237
ACCRUED PENSION LIABILITIES$9,678,461
REFUNDABLE GOVERNMENT LOANS$8,816,772
FieldValueIRS element (for citing)
Total Of Amounts20534470TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt469933106TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments45442565NetUnrealizedGainsInvestments
Other Revenues874875OtherRevenues
Revenue Not Rptd F99046317440RevenueNotRptdF990
Revenue Subtotal423615666RevenueSubtotal
Other Revenues Not Included100583813OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt100583813RevenueNotRptdOnFinStmt
Total Revenue Per Form990524199479TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt367942000TotExpensesEtcAuditedFinclStmt
Expenses Subtotal367942000ExpensesSubtotal
Other Expenses Not Included99693747OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt99693747ExpensesNotRptdOnFinStmt
Total Expenses Per Form990467635747TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

FieldValueIRS element (for citing)
IdentifierPART III, LINE 4Identifier
ExplanationThe Art Gallery holds over six thousand pieces of artwork in its collection. Such Artwork is comprised of paintings, sculptures, drawings, engravings, lithographs, watercolors, woodcuts, mixed media, textiles, and ceramics. The Artwork is held on the University's premises and at an outside art facility. Artwork in the collection is displayed for public view at various locations on the University campus. Each year, the Art Gallery presents a number of exhibitions of art by emerging artists. For each exhibition there is a reception for the artist, all of which is free of charge, and the public is invited. Also, each year, the art gallery has held outreach programs at which art education is provided to disadvantaged individuals. the programs are also free of charge to the participants. Part V, Line 1f Administrative fees reported represent fees paid to a third party in association with the management of endowment funds. PART V, LINE 4 The intended use of Villanova University's endowment funds is for financial aid, support for faculty salaries, as well as support for other specific programs directed by donors. PART XI, LINE 2D BOOK INCOME FROM ALDWYN LANE L.P. $874,875 PART XI, LINE 4B STUDENT FINANCIAL AID $99,696,397 TAXABLE INCOME FROM ALDWYN LANE L.P. $887,416 PART XII, LINE 4B STUDENT FINANCIAL AID $99,696,397 ROUNDING ADJUSTMENT $(2,650)Explanation

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedtrueGovernmentFinancialAidReceived
Government Financial Aid RevokedfalseGovernmentFinancialAidRevoked
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

FieldValueIRS element (for citing)
IdentifierPART I LINE 3Identifier
ExplanationTHE POLICY IS PUBLISHED IN THE STUDENT HANDBOOK, WHICH IS DISTRIBUTED TO EVERY STUDENT EVERY YEAR, AS WELL AS IN ALL APPLICATION MATERIALS FOR PROSPECTIVE STUDENTS. IT IS ALSO PUBLICIZED ON THE UNIVERSITY'S WEBSITE, INCLUDING THE PAGE WHICH DISCUSSES THE UNIVERSITY'S AUGUSTINIAN MISSON. PART I LINE 6A THE UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENT AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, COLLEGE WORK STUDY PROGRAM, AND THE PERKINS AND NURSING LOAN PROGRAMS. THE STATE PROGRAM IS THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE PROGRAM FOR STUDENTS. IN ADDITION, THE UNIVERSITY IS AWARDED SPONSORED RESEARCH AND OTHER PROJECT GRANTS BY VARIOUS FEDERAL AGENCIES, INCLUDING NSF AND HHS. GENERAL SUPPORT IS PROVIDED TO THE UNIVERSITY FROM THE STATE OF PENNSYLVANIA UNDER ITS INSTITUTIONAL ASSISTANCE GRANT PROGRAM TO PRIVATE COLLEGES AND UNIVERSITIES IN THE STATE.Explanation

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedtrueGrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (13 entries)

RegionRegionNumber Of EmployeesNumberOfEmployeesType Of Activities ConductedTypeOfActivitiesConductedSpecific Services ProvidedSpecificServicesProvidedTotal ExpendituresTotalExpenditures
Central America and the Caribbean22Program ServicesCAMP MINISTRY, FIN AID480770
South America26Program ServicesCM,INTL STUDY,FA,INS329484
Europe (Including Iceland and Greenland)226Program ServicesINTL STUDY, FIN AID4593703
East Asia and the Pacific77Program ServicesINTL STUDY,FA,RESEARCH1425270
Middle East and North Africa12Program ServicesINTL STUDY,FIN AID301784
North America9Program ServicesFIN AID,RESEARCH221559
South Asia16Program ServicesFINANCIAL AID371836
Sub-Saharan Africa14Program ServicesFINANCIAL AID346752
Central America and the CaribbeanInvestments57123406
Europe (Including Iceland and Greenland)Investments901550
East Asia and the PacificInvestments645023
Europe (Including Iceland and Greenland)6Fundraising7843
Middle East and North Africa2Fundraising15086
FieldValueIRS element (for citing)
Subtotal Number Of Employees410SubtotalNumberOfEmployees
Total Number Of Employees410TotalNumberOfEmployees
Subtotal Amount Spent66764066SubtotalAmountSpent
Total Amount Spent66764066TotalAmountSpent

Grants To Orgs Outside US GrantsToOrgsOutsideUS (41 entries)

RegionRegionPurpose Of GrantPurposeOfGrantAmount Of Cash GrantAmountOfCashGrantManner Of Cash DisbursementMannerOfCashDisbursementDescription Of Non Cash AssistanceDescriptionOfNonCashAssistanceMethod Of ValuationMethodOfValuation
Middle East and North AfricaAIRFARE6910Credit CardN/AN/A
Central America and the CaribbeanADVISOR5907CK/Wire/CashN/AN/A
Europe (Including Iceland and Greenland)TUITION24644Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Land Package57206CheckN/AN/A
East Asia and the PacificTUITION74385Wire TrnsfN/AN/A
East Asia and the PacificAcademic5900Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)TUITION32734Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Housing27738Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)On-Site Coordinator232016Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition61407Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition19751Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)TUITION171705Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)TUITION151854Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Housing7195Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition7800Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Housing19088Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)TUITION14391Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Transportation8088Wire TrnsfN/AN/A
South AmericaTuition30164CheckN/AN/A
Europe (Including Iceland and Greenland)Tuition91200Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Housing8508Credit CardN/AN/A
Middle East and North AfricaTUITION37090Wire TrnsfN/AN/A
Middle East and North AfricaReception8209Credit CardN/AN/A
East Asia and the PacificOn-Site Coordinator72014Wire TrnsfN/AN/A
East Asia and the PacificTuition13590Wire TrnsfN/AN/A
East Asia and the PacificTuition236417Wire TrnsfN/AN/A
East Asia and the PacificTuition9327Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition17650Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition17286Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition117549Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition61732Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition19502Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition17106Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition301814Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition59206Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition6071Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition93409Wire TrnsfN/AN/A
East Asia and the PacificTuition12000Wire TrnsfN/AN/A
Europe (Including Iceland and Greenland)Tuition27491Wire TrnsfN/AN/A
Middle East and North AfricaTuition9918Wire TrnsfN/AN/A
Middle East and North AfricaAirfare6910Credit CardN/AN/A
FieldValueIRS element (for citing)
Total Number Of Other Orgs40TotalNumberOfOtherOrgs

Grants To Ind Outside US GrantsToIndOutsideUS (23 entries)

Type Of AssistanceTypeOfAssistanceRegionRegionNumber Of RecipientsNumberOfRecipientsAmount Of Cash GrantAmountOfCashGrantManner Of Cash DisbursementMannerOfCashDisbursementDescription Of Non Cash AssistanceDescriptionOfNonCashAssistanceMethod Of ValuationMethodOfValuation
Advance/Per Diem for FacultyEurope (Including Iceland and Greenland)110572Direct DeposN/AN/A
On-Site Coordinator FeesEurope (Including Iceland and Greenland)139731Wire TrnsfN/AN/A
Faculty Adv/Per Diem for Program ExpEast Asia and the Pacific120273Direct DeposN/AN/A
Faculty Adv/Per Diem for Program ExpEurope (Including Iceland and Greenland)114217Direct DeposN/AN/A
Faculty Adv/Per Diem for Program ExpEurope (Including Iceland and Greenland)231404Direct DeposN/AN/A
Faculty Adv/Per Diem for Program ExpEurope (Including Iceland and Greenland)239771Direct DeposN/AN/A
Faculty Adv/Per Diem for Program ExpEurope (Including Iceland and Greenland)15913Direct DeposN/AN/A
Faculty Adv/Per Diem for Program ExpEurope (Including Iceland and Greenland)228025Direct DeposN/AN/A
Faculty Adv/Per Diem for Program ExpSouth America111052Direct DeposN/AN/A
Faculty Adv/Per Diem for Program ExpEurope (Including Iceland and Greenland)16900Direct DeposN/AN/A
Faculty Adv/Per Diem for Program ExpEurope (Including Iceland and Greenland)110197Direct DeposN/AN/A
Faculty Adv/Per Diem for Program ExpEurope (Including Iceland and Greenland)215700Direct DeposN/AN/A
Faculty Adv/Per Diem for Program ExpMiddle East and North Africa121922Direct DeposN/AN/A
Faculty Adv/Per Diem for Program ExpEast Asia and the Pacific17589Direct DeposN/AN/A
Financial AidCentral America and the Caribbean22465496Direct DeposN/AN/A
Financial AidEast Asia and the Pacific73964376Direct DeposN/AN/A
Financial AidEurope (Including Iceland and Greenland)2002588133Direct DeposN/AN/A
Financial AidMiddle East and North Africa10222126Direct DeposN/AN/A
Financial AidNorth America5204359Direct DeposN/AN/A
Financial AidSouth America22270980Direct DeposN/AN/A
Financial AidSouth Asia16371836Direct DeposN/AN/A
Financial AidSub-Saharan Africa14346752Direct DeposN/AN/A
On-Site InstructionEurope (Including Iceland and Greenland)169180Wire TrnsfN/AN/A
FieldValueIRS element (for citing)
Transfer To Foreign CorptrueTransferToForeignCorp
Interest In Foreign TrustfalseInterestInForeignTrust
Own Foreign CorpfalseOwnForeignCorp
Passive Foreign Invest CotruePassiveForeignInvestCo
Foreign PartnershiptrueForeignPartnership
Boycott CountriesfalseBoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV

FieldValueIRS element (for citing)
IdentifierPART I LINE 2Identifier
ExplanationANY GRANTS AWARDED TO ENTITIES OUTSIDE THE UNITED STATES WOULD BE BASED UPON THE IMPLEMENTATION OF A FUNDED RESEARCH PROPOSAL IN WHICH THE FOREIGN ENTITY WOULD PLAY A SPECIFIC ROLE IN EXECUTING THE FUNDED RESEARCH PROGRAM. ALL REPORTED COSTS ARE DOCUMENTED BY RECEIPT. PART I LINE 2 VILLANOVA UNIVERSITY STUDENTS ARE BILLED BY THE UNIVERSITY FOR THE TOTAL COST OF VU TUITION FOR EACH SEMESTER OVERSEAS. NON-TUITION COSTS SUCH AS ROOM AND BOARD ARE NOT PAID TO VILLANOVA UNIVERSITY, BUT INSTEAD PAID TO THE OVERSEAS UNIVERSITY OR PROGRAM IN WHICH THEY ENROLL. IN MANAGING THE STUDENTS ELIGIBILTY FOR FINANCIAL ASSISTANCE, THE UNIVERSITY DETERMINES ELIGIBILITY FOR NEED-BASED AID ON THE BASIS OF CURRENT FEDERAL REGULATIONS. ONCE THE STUDENT'S ELIGIBILITY FOR AID IS DETERMINED, ALL AWARDS ARE CREDITED TO THE STUDENT'S VILLANOVA BILLING RECORD. ANY DOLLARS THAT ARE AWARDED IN EXCESS OF THE STUDENT'S BILLED EXPENSES, WHICH IS THE CASE WITH STUDENTS STUDYING ABROAD, ARE REFUNDED TO THE STUDENTS SO THAT THEY CAN BE USED TO PAY FOR ALL OTHER APPROVED EDUCATIONAL EXPENSES. THESE INCLUDE TRANSPORTATION, ROOM & BOARD, LIVING EXPENSES AND BOOKS AND SUPPLIES. PART I, LINE 2 IN ADDITION TO STUDYING OVERSEAS, VILLANOVA UNIVERSITY STUDENTS ALSO PARTICIPATE IN INTERNATIONAL PUBLIC SERVICE WORK. FUNDS USED FOR THIS PURPOSE ASSIST IN SENDING STUDENTS OVERSEAS AND PAY FOR THEIR TRAVEL, FOOD AND LODGING (IF APPLICABLE) WHILE THEY ARE THERE. PART II, LINE 1 VILLANOVA STUDENTS AND FACULTY TAKE PART IN OVERSEAS EDUCATION. SALARIES ARE PAID TO THE FACULTY WHILE ABROAD. TUITION PAID TO VILLANOVA UNIVERSITY PAYS FOR STUDENTS' TUITION AND LODGING WHILE OVERSEAS.Explanation

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsXMailSolicitations
Email SolicitationsXEmailSolicitations
Phone SolicitationsXPhoneSolicitations
In Person SolicitationsXInPersonSolicitations
Solicitation Of Non Govt GrantsXSolicitationOfNonGovtGrants
Solicitation Of Govt GrantsXSolicitationOfGovtGrants
Special Fundraising EventsXSpecialFundraisingEvents
Agreement Ref FundraisingtrueAgreementRefFundraising

Fundraiser Activity Information FundraiserActivityInformation (2 entries)

Name Of IndividualNameOfIndividualActivityActivityFundraiser Control Of FundsFundraiserControlOfFundsAmount Retained By ContractorAmountRetainedByContractorNet To OrganizationNetToOrganizationGross ReceiptsGrossReceipts
Grenzebach Glier AssocConsulting/ Planningfalse239047-239047
RUFFALO CODY ASSOCIATESTELEMARKET SERVICESfalse348715402112750827
FieldValueIRS element (for citing)
Total Gross Receipts750827TotalGrossReceipts
Total Retained By Contractors587762TotalRetainedByContractors
Total Net To Organization163065TotalNetToOrganization
Licensed StatesALLicensedStates
Licensed StatesAKLicensedStates
Licensed StatesAZLicensedStates
Licensed StatesARLicensedStates
Licensed StatesCALicensedStates
Licensed StatesCOLicensedStates
Licensed StatesCTLicensedStates
Licensed StatesFLLicensedStates
Licensed StatesGALicensedStates
Licensed StatesHILicensedStates
Licensed StatesILLicensedStates
Licensed StatesKSLicensedStates
Licensed StatesKYLicensedStates
Licensed StatesLALicensedStates
Licensed StatesMELicensedStates
Licensed StatesMDLicensedStates
Licensed StatesMALicensedStates
Licensed StatesMILicensedStates
Licensed StatesMNLicensedStates
Licensed StatesMSLicensedStates
Licensed StatesMOLicensedStates
Licensed StatesMTLicensedStates
Licensed StatesNHLicensedStates
Licensed StatesNJLicensedStates
Licensed StatesNMLicensedStates
Licensed StatesNYLicensedStates
Licensed StatesNCLicensedStates
Licensed StatesNDLicensedStates
Licensed StatesOHLicensedStates
Licensed StatesOKLicensedStates
Licensed StatesORLicensedStates
Licensed StatesPALicensedStates
Licensed StatesRILicensedStates
Licensed StatesSCLicensedStates
Licensed StatesTNLicensedStates
Licensed StatesUTLicensedStates
Licensed StatesVALicensedStates
Licensed StatesWALicensedStates
Licensed StatesWVLicensedStates
Licensed StatesWILicensedStates

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1MBB DINNERNameOfEvent1
Gross Receipts Event168000GrossReceiptsEvent1
Charitable Contributions Event136000CharitableContributionsEvent1
Gross Revenue Event132000GrossRevenueEvent1
Food And Beverage Event132000FoodAndBeverageEvent1
Name Of Event2GOLF OUTINGNameOfEvent2
Gross Receipts Event238795GrossReceiptsEvent2
Charitable Contributions Event218396CharitableContributionsEvent2
Gross Revenue Event220399GrossRevenueEvent2
Other Direct Expenses Event220399OtherDirectExpensesEvent2
Total Number Of Other Events4TotalNumberOfOtherEvents
Gross Receipts Other Events110215GrossReceiptsOtherEvents
Charitable Contrib Other Events44214CharitableContribOtherEvents
Gross Revenue Other Events66001GrossRevenueOtherEvents
Other Direct Expenses Other Events66001OtherDirectExpensesOtherEvents
Gross Receipts Total217010GrossReceiptsTotal
Charitable Contributions Total98610CharitableContributionsTotal
Gross Revenue Total Events118400GrossRevenueTotalEvents
Food And Beverage Total Events32000FoodAndBeverageTotalEvents
Other Direct Expenses Total Events86400OtherDirectExpensesTotalEvents
Direct Expense Summary Events118400DirectExpenseSummaryEvents

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantFINANCIAL ASSISTANCETypeOfGrant
Number Of Recipients4215NumberOfRecipients
Amount Of Cash Grant99696397AmountOfCashGrant
Method Of ValuationN/AMethodOfValuation
Description Of Non Cash AssistanceN/ADescriptionOfNonCashAssistance

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPart 1 Line 2Identifier
ExplanationA student's eligibility for need-based financial aid is determined on the basis of their annual cost of attendance, which is calculated in accordance with Federal regulations, minus Expected Family Contribution, which is determined in accordance with Federal regulations and University standards. In the event that total aid awarded exceeds direct costs (i.e., costs that are billed by the University), the excess funds are provided to the student and are applicable to educationally-related expenses. The University does not require the student to provide proof (e.g., receipts, cancelled checks, etc.) as to how the funds were used.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelXFirstClassOrCharterTravel
Travel For CompanionsXTravelForCompanions
Club Dues Or FeesXClubDuesOrFees
Written Policy Re T And E ExpensestrueWrittenPolicyReTAndEExpenses
Substantiation RequiredtrueSubstantiationRequired
Compensation CommitteeXCompensationCommittee
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlanfalseSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgtrueCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentsfalseAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (24 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgDeferred Comp Filing OrgDeferredCompFilingOrgNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgTotal Compensation Filing OrgTotalCompensationFilingOrgOther Compensation Filing OrgOtherCompensationFilingOrgBonus Filing OrgBonusFilingOrg
MS ANN DIEBOLD
VP UNIVERSITY COMMUNICATION242398209435614268955
MR STEPHEN W FUGALE
VP FOR TECHNOLOGY & CIO2735382500012432310970
MS DOROTHY A MALLOY ESQ
VP & GENERAL COUNSEL25885525000117002969551400
MS DEBRA FICKLER ESQ
VP & GENERAL COUNSEL1847921902714882218701
MR MICHAEL J O'NEILL
VP FOR UNIVERSITY ADVANCEMENT3219622125015882401769267540000
MR KENNETH G VALOSKY
VP FOR ADMIn & finance321288250008122354410
BARBARA WALL PHD
VP FOR MISSION AND MINISTRY1758131770953392027613900
JOHN Y GOTANDA ESQ
DEAN, SCHOOL OF LAW2933902500012295330685
PATRICK G MAGGITTI PHD
DEAN, SCHOOL OF BUSINESS32843721250148833743209750
JEAN ANN LINNEY PHD
DEAN, COLLEGE OF ARTS AND SCIE2534942125060112823551600
ALFONSO ORTEGA PHD
ASSOC VP RESEARCH/GRAD PRGMS2200931947112295251859
GARY A GABRIELE PHD
DEAN, ENGINEERING2212731948015583256336
MR ROBERT H MORRO
ASSOC VP FACILITIES MANAGEMNT1740201595536679226654
MR FREDERICK C SIEBER
ASSOC VP AUXILIARY SERVICES161481163595614183454
MR JEROLD T WRIGHT
COACH, MEN'S BASKETBALL273841425000124322775846
MR ANDREW J TALLEY
COACH, FOOTBALL223648226751166430864950662
MR RONALD P HILL
PROFESSOR203516187901257029635061474
QUINETTA ROBERSON PHD
PROFESSOR20896717996561429219659619
MR MICHAEL S PAGANO
PROFESSOR186821193851391929602175896
MR KEVIN D CLARK
ASSOCIATE PROFESSOR1548531602245936337736120925
MS DORIS D BROGAN ESQ
PROFESSOR OF LAW19913921000123952335341000
HELEN K LAFFERTY PHD
COLLEGE PROF IN LIBERL A&S164050165145674186238
MR JOHN A DOODY
PROFESSOR165337166595439187435
JOHN R JOHANNES PHD
PROFESSOR1888131933411935220082

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
IdentifierPart I, Line 1aIdentifier
ExplanationVillanova University provides travel for companions, first class travel and social club dues to certain individuals listed on Schedule J. The social club memberships are intended for business use with any personal use being taxed to the respective individual. First class travel is reviewed and reimbursed according to the accountable plan rules. Travel for companions was reviewed for business purpose and reimbursed under the accountable plan rules. Part I, Line 5a An officer listed on Part VII received additional compensation contingent upon reaching certain fundraising gross revenue goals of the organization. Part II Compensation for Jerold T. Wright includes payments for coaching Villanova men's basketball team, weekly radio appearances, and television appearances.Explanation

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)

Bond ReferenceBondReferenceCdIssuer EINIssuerEINCUSIP NumberCUSIPNumberDate IssuedDateIssuedIssue PriceIssuePriceDescription Of PurposeDescriptionOfPurposeDefeasedDefeasedOn Behalf Of IssuerOnBehalfOfIssuerPool FinancingPoolFinancing
Delaware County Authority
A231973437246008JT42003-07-2442417561Refunding of 1993 Series Bondsfalsefalsefalse
Delaware County Authority
B231973437246008KM72005-05-0429694098Refunding of 1995 Series Bondsfalsefalsefalse
Delaware County Authority
C231973437246008LH72006-04-0352684804Construction of Academic Buildingfalsefalsefalse
Delaware County Authority
D231973437246008ME32010-01-0783789762Refunding of 1998 A&B, 2001 & 2002falsefalsefalse

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Bond ReferenceBondReferenceCdAmount RetiredAmountRetiredAmount Bond DefeasedAmountBondDefeasedTotal ProceedsTotalProceedsAmount In Reserve FundAmountInReserveFundCapitalized InterestCapitalizedInterestRefunding EscrowRefundingEscrowIssuance Costs From ProceedsIssuanceCostsFromProceedsCredit EnhancementCreditEnhancementWorking Capital ExpendituresWorkingCapitalExpendituresCapital ExpendituresCapitalExpendituresOther Spent ProceedsOtherSpentProceedsAmount UnspentAmountUnspentYear Of Subst CompletionYearOfSubstCompletionCurrent RefundingCurrentRefundingAdvance RefundingAdvanceRefundingFinal Allocation MadeFinalAllocationMadeAdequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
A403324680424175610009057270004151183402003truefalsetruetrue
B89742520296940980006971840002899691402005truefalsetruetrue
C575322305268480400011178810051566923002009falsefalsetruetrue
D65298020837897620007863800008300338202010truefalsetruetrue

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Bond ReferenceBondReferenceCdPrcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthersNon Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrsOwning Bond Financed PropertyOwningBondFinancedPropertyAny Lease ArrangementsAnyLeaseArrangementsMngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprtyEngage Bond Counsel ContractsEngageBondCounselContractsAny Research AgreementsAnyResearchAgreementsEngage Bond Counsel ResearchEngageBondCounselResearchTotal Private Business UseTotalPrivateBusinessUseBond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTestChange In Use Bond Financed PropChangeInUseBondFinancedPropRemedial Action TakenRemedialActionTaken
A0true
B0true
C0.00100truefalsefalsetruetruefalsetrue0.00100falsefalsefalse
D0true

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledVariable Rate IssueVariableRateIssueHedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecdsGross Proceeds Invested In GICGrossProceedsInvestedInGICBusiness Name Line1NameOfGICProvider/BusinessNameLine1Gross Proceeds InvestedGrossProceedsInvestedWritten Proc To Monitor ReqsWrittenProcToMonitorReqsTerm Of GICTermOfGICRegulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfiedRebate Not Due YetRebateNotDueYet
0
Atruefalsefalsefalse0falsetrue
0
Btruefalsefalsefalse0falsetrue
0
CtruefalsefalsetrueTrinity Plus Fundingfalsetrue2.true
0
Dfalsefalsefalsefalse0falsetruefalse

Form990 Schedule K Part V Form990ScheduleKPartV (4 entries)

Bond ReferenceBondReferenceCdProc To Undertk Corrective ActionProcToUndertkCorrectiveAction
Atrue
Btrue
Ctrue
Dtrue

Form990 Schedule K Part VI Form990ScheduleKPartVI

FieldValueIRS element (for citing)
IdentifierPART VIdentifier
Return Reference0ReturnReference
ExplanationPROCEDURE TO TAKE CORRECTIVE ACTION PURPOSE: IT IS THE UNIVERSITY'S INTENT TO COMPLY WITH ALL POST ISSUANCE COMPLIANCE REQUIREMENTS. IN THIS REGARD, THE UNIVERSITY HAS ADOPTED ONGOING TRACKING AND MONITORING PROCEDURES TO ENSURE THAT ALL TAX-EXEMPT BONDS REMAIN QUALIFIED AND ARE HELD IN COMPLIANCE WITH REGULATORY STANDARDS. SUCH MONITORING IS ALSO INTENDED TO ENSURE THAT ANY ACTUAL OR POTENTIAL VIOLATIONS OF FEDERAL TAX REQUIREMENTS CAN BE TIMELY IDENTIFIED AND CORRECTED VIA SELF-REMEDIATION OR THROUGH INTERNAL REVENUE SERVICE ("IRS") VOLUNTARY CLOSING AGREEMENT PROGRAM, IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE IRS REGULATIONS. PROCEDURE: IF AT ANY TIME, THROUGH THE APPLICATION OF POST ISSUANCE COMPLIANCE POLICIES AND PROCEDURES, THE UNIVERSITY OFFICE OF FINANCIAL AFFAIRS INDENTIFIES THAT IT HAS FAILED TO COMPLY WITH ANY TAX-EXEMPT BOND REQUIREMENTS, THEY WILL CONSULT WITH INTERNAL AND/OR EXTERNAL COUNSEL AND ADVISORS TO FIRST DETERMINE WHETHER SELF-REMEDIATION IS AVAILABLE. IF SELF REMEDIATION IS NOT AVAILABLE, THEN A VOLUNTARY CLOSING AGREEMENT WILL BE PURSUED THROUGH THE IRS.Explanation

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1Delaware County AuthorityBusinessNameLine1
FieldValueIRS element (for citing)
Issuer EIN231973437IssuerEIN
CUSIP Number246008NC6CUSIPNumber
Date Issued2012-11-15DateIssued
Issue Price24802318IssuePrice
Description Of PurposeRefunding of the 2003 seriesDescriptionOfPurpose
DefeasedfalseDefeased
On Behalf Of IssuerfalseOnBehalfOfIssuer
Pool FinancingfalsePoolFinancing

Form990 Schedule K Part II Form990ScheduleKPartII

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Amount Retired162543AmountRetired
Amount Bond Defeased0AmountBondDefeased
Total Proceeds24802318TotalProceeds
Amount In Reserve Fund0AmountInReserveFund
Capitalized Interest0CapitalizedInterest
Refunding Escrow0RefundingEscrow
Issuance Costs From Proceeds336923IssuanceCostsFromProceeds
Credit Enhancement0CreditEnhancement
Working Capital Expenditures0WorkingCapitalExpenditures
Capital Expenditures0CapitalExpenditures
Other Spent Proceeds24465395OtherSpentProceeds
Amount Unspent0AmountUnspent
Year Of Subst Completion2012YearOfSubstCompletion
Current RefundingtrueCurrentRefunding
Advance RefundingfalseAdvanceRefunding
Final Allocation MadetrueFinalAllocationMade
Adequate Books And Recds MaintaindtrueAdequateBooksAndRecdsMaintaind

Form990 Schedule K Part III Form990ScheduleKPartIII

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Prcntge Prvt Business Use By Others0PrcntgePrvtBusinessUseByOthers
Non Qualified Bond Remed ProcdrstrueNonQualifiedBondRemedProcdrs

Form990 Schedule K Part IV Form990ScheduleKPartIV

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledfalseForm8038TFiled
Rebate Not Due YetfalseRebateNotDueYet
Variable Rate IssuefalseVariableRateIssue
Hedge Identified In Books And RecdsfalseHedgeIdentifiedInBooksAndRecds

Name Of Hedge Provider NameOfHedgeProvider

FieldValueIRS element (for citing)
Business Name Line10BusinessNameLine1
FieldValueIRS element (for citing)
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGIC

Name Of GIC Provider NameOfGICProvider

FieldValueIRS element (for citing)
Business Name Line10BusinessNameLine1
FieldValueIRS element (for citing)
Gross Proceeds InvestedfalseGrossProceedsInvested
Written Proc To Monitor ReqstrueWrittenProcToMonitorReqs

Form990 Schedule K Part V Form990ScheduleKPartV

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Proc To Undertk Corrective ActiontrueProcToUndertkCorrectiveAction

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (6 entries)

RelationshipRelationshipAmount Of TransactionAmountOfTransactionDescription Of TransactionDescriptionOfTransactionSharing Of RevenuesSharingOfRevenues
Independence Blue Cross
Trustee is officer17320354SEE PART Vfalse
Equus Capital Partners
Trustee is PR/OWN/CEO-16472SEE PART Vfalse
Quantacool Corporation
Key Employee is Owner10495SEE PART Vfalse
Michael Campbell Esq
Family of Trustee61900SEE PART Vfalse
Lisa Valosky
Family of Officer127959SEE PART Vfalse
Colleen Sheehan PHD
Family of Former Key Empl90298SEE PART Vfalse

Form990 Schedule L Part V Form990ScheduleLPartV

FieldValueIRS element (for citing)
IdentifierPart IVIdentifier
ExplanationPAUL A. TUFANO, ESQ. IS AN OFFICER OF INDEPENDENCE BLUE CROSS ("IBC"). IBC IS THE ADMINISTRATOR THAT PAYS MEDICAL CLAIMS FOR THE UNIVERSITY'S EMPLOYEE GROUP HEALTH INSURANCE PLAN. MR. DANIEL M. DILELLA IS A PRINCIPAL, OWNER, AND CEO OF EQUUS CAPITAL PARTNERS, LTD. THE UNIVERSITY IS A 0.471% LIMITED PARTNER IN EQUUS CAPITAL PARTNERS. DURING THE FISCAL YEAR 2013 THE PARTNERSHIP DISTRIBUTED $16,472 TO THE UNIVERSITY AND REQUESTED NO CALLS. ALFONSO ORTEGA, PH.D. IS A 10% OWNER OF QUANTACOOL CORPORATION. QUANTACOOL HAS PROVIDED A RESEARCH GRANT TO THE UNIVERSITY. MICHAEL CAMPBELL, ESQ., MS. LISA VALOSKY, AND COLLEEN SHEEHAN, PH.D., ARE EMPLOYEES OF THE UNIVERSITY AND RECEIVE COMPENSATION.Explanation

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions5NumberOfContributions
Noncash Contribs Rptd F990128975NoncashContribsRptdF990
Method Of Determining RevenuesMarket QuotationMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Art Historical TreasuresArtHistoricalTreasures
Art Fractional InterestArtFractionalInterest
Books And PublicationsBooksAndPublications
Clothing And Household GoodsClothingAndHouseholdGoods
Cars And Other VehiclesCarsAndOtherVehicles
Boats And PlanesBoatsAndPlanes
Intellectual PropertyIntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions54NumberOfContributions
Noncash Contribs Rptd F9901848656NoncashContribsRptdF990
Method Of Determining RevenuesMarket QuotationMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStock
Securities Prtnrshp Trust IntrstsSecuritiesPrtnrshpTrustIntrsts
Securities MiscellaneousSecuritiesMiscellaneous
Qualified Contrib Hist StructQualifiedContribHistStruct
Qualified Contrib OtherQualifiedContribOther
Real Estate ResidentialRealEstateResidential
Real Estate CommercialRealEstateCommercial
Real Estate OtherRealEstateOther
CollectiblesCollectibles
Food InventoryFoodInventory
Drugs And Medical SuppliesDrugsAndMedicalSupplies
TaxidermyTaxidermy
Historical ArtifactsHistoricalArtifacts
Scientific SpecimensScientificSpecimens
Archaeological ArtifactsArchaeologicalArtifacts
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeld
Review Process Unusual NC GiftstrueReviewProcessUnusualNCGifts
Third Parties UsedfalseThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation

FieldValueIRS element (for citing)
IdentifierFORM 990, PART III, LINE 4DIdentifier
Return ReferenceOTHER PROGRAM SERVICE EXPENSESReturnReference
ExplanationAUXILIARY ENTERPRISES EXPENSES: $63,145,803 GRANTS & ALLOCATIONS: $ 114,983 REVENUE: $69,134,451 ACADEMIC SUPPORT EXPENSES: $45,631,677 GRANTS & ALLOCATIONS: $ 5,434,058 REVENUE: $ 574,109 INSTITUTIONAL SUPPORT EXPENSES: $27,827,691 GRANTS & ALLOCATIONS: $ 39,434 REVENUE: $ 3,259,521 RESEARCH EXPENSES: $ 6,428,719 GRANTS & ALLOCATIONS: $ 40,600 REVENUE: $ 0 O&M OF PLANT EXPENSES: $ 0 GRANTS AND ALLOCATIONS:$ 0 REVENUE: $ 25,418 FORM 990, PART XI, LINE 9 $10,449,888 - ADJUSTMENT FOR PENSION PLAN LIABILITY; $(12,541) BOOK TAX DIFFERENCE WITH RESPECT TO PARTNERSHIP INVESTMENTS; $(4,014) ROUNDING ADJUSTMENT FORM 990, PART VI, LINE 11A THE FORM 990 IS PREPARED INTERNALLY BY THE OFFICE OF FINANCIAL AFFAIRS. IT IS REVIEWED BY THE OFFICE OF THE VICE PRESIDENT AND GENERAL COUNSEL AND A NATIONALLY RECOGNIZED ACCOUNTING FIRM BEFORE THE FORM 990 IS FILED. AFTER THE PUBLIC ACCOUNTING FIRM REVIEWS THE FORM, IT IS PROVIDED TO THE AUDIT AND RISK COMMITTEE OF THE BOARD OF TRUSTEES AND TO THE FULL BOARD OF TRUSTEES SHORTLY BEFORE FILING. FORM 990, PART VI, LINE 12C THE BOARD OF TRUSTEES, IN COLLABORATION WITH THE OFFICE OF THE VICE PRESIDENT AND GENERAL COUNSEL (OVPGC) REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. IN ACCORDANCE WITH THE POLICY, THE OVPGC DISTRIBUTES THE POLICY AND CONFLICT OF INTEREST DISCLOSURES FORMS ANNUALLY TO TRUSTEES, OFFICERS, KEY EMPLOYEES AND ANY OTHER INTERESTED PERSONS WHO ARE INSTRUCTED TO COMPLETE AND RETURN THE FORMS AND TO UPDATE THE FORMS DURING THE YEAR, AS NECESSARY. THE OVPGC SUMMARIZES ANY POTENTIAL CONFLICTS, FOR REVIEW BY THE TRUSTEE COMMITTEE, TO ENSURE COMPLIANCE WITH THE POLICY. THE TRUSTEE COMMITTEE DISCUSSES THE DISCLOSURES AT THE MEETING WHICH INCLUDES THE COMMITTEE MEMBERS AND THE OVPGC. THE UNIVERSITY'S EXTERNAL AUDITORS ALSO REVIEW A SAMPLE OF THE DISCLOSURE FORMS AS PART OF THEIR AUDIT PROCEDURES. FORM 990, PART VI, LINE 15 THE HUMAN RESOURCES OFFICE OBTAINS COMPARABILITY DATA FROM PROFESSIONAL ORGANIZATIONS FOR THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY, INCLUDING THE AMOUNT THE UNIVERSITY REMITS TO THE ORDER OF ST. AUGUSTINE FOR SERVICES PROVIDED BY THE PRESIDENT. USING THIS COMPENSATION DATA AND ANNUAL PERFORMANCE ASSESSMENTS, THE PRESIDENT ANNUALLY DETERMINES PROPOSED SALARIES FOR ALL OFFICERS AND KEY EMPLOYEES. THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD, AN INDEPENDENT COMMITTEE CONSISTING OF TRUSTEES ONLY, NONE OF WHOM ARE EMPLOYED BY THE UNIVERSITY, DETERMINES THE AMOUNT THE UNIVERSITY REMITS TO THE ORDER OF ST. AUGUSTINE FOR SERVICES PROVIDED BY THE PRESIDENT ON AN ANNUAL BASIS, BASED ON THE COMPARABILITY DATA PROVIDED BY THE HUMAN RESOURCES OFFICE AND ITS ASSESSMENT OF THE PRESIDENT'S PERFORMANCE. THE PRESIDENT DOES NOT PARTICIPATE IN THE APPROVAL OF HIS OWN SALARY. THE COMMITTEE ALSO REVIEWS AND APPROVES THE SALARIES PROPOSED BY THE PRESIDENT FOR THE OFFICERS AND KEY EMPLOYEES. THE DECISIONS REACHED BY THE EXECUTIVE COMPENSATION COMMITTEE AT ITS ANNUAL MEETING ARE RECORDED IN A DOCUMENT APPROVED BY THE CHAIR OF THE COMMITTEE AT OR SHORTLY AFTER THE MEETING OF THE COMMITTEE. FORM 990, PART VI, LINE 19 VILLANOVA UNIVERSITY MAKES ITS FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY READILY AVAILABLE TO THE PUBLIC THROUGH THE UNIVERSITY'S WEBSITE. THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. THE UNIVERSITY'S GOVERNING DOCUMENTS ARE NOT MADE PUBLICLY AVAILABLE. FORM 990 PART VII PAYMENT IS MADE DIRECTLY TO THE ORDER OF ST. AUGUSTINE FOR SERVICES PROVIDED BY REV. PETER M. DONOHUE O.S.A., REV. KAIL C. ELLIS O.S.A., AND REV. JOHN P. STACK O.S.A.. THESE PAYMENTS, AGGREGATED, TOTAL $885,032.Explanation

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1ALDWYN LANE LLCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1800 LANCASTER AVENUEAddressLine1
CityVILLANOVACity
StatePAState
ZIP Code19085ZIPCode
FieldValueIRS element (for citing)
EIN233101680EIN
Primary ActivitiesRENT REAL ESTPrimaryActivities
Legal Domicile StatePALegalDomicileState
Total Income8874TotalIncome
EOY Assets44123EOYAssets

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1THE ENLIGHTENED WORLD FOUNDATIONBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1100 FOUR FALLS CORPORATE CTRAddressLine1
CityW CONSHOHOCKENCity
StatePAState
ZIP Code19428ZIPCode
FieldValueIRS element (for citing)
EIN232830237EIN
Primary ActivitiesFOUNDATIONPrimaryActivities
Legal Domicile StatePALegalDomicileState
Exempt Code Section501(c) (3)ExemptCodeSection
Public Charity Status509(A)(3)PublicCharityStatus

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1
FieldValueIRS element (for citing)
Controlled OrgfalseControlledOrg

Form990 Schedule R Part III Form990ScheduleRPartIII

Name Of Related Org NameOfRelatedOrg

FieldValueIRS element (for citing)
Business Name Line1ALDWYN LANE LPBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1800 LANCASTER AVENUEAddressLine1
CityVILLANOVACity
StatePAState
ZIP Code190851676ZIPCode
FieldValueIRS element (for citing)
EIN233101682EIN
Primary ActivityRENT REAL ESTPrimaryActivity
Legal Domicile StatePALegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1
FieldValueIRS element (for citing)
Predominant Income TypeUNRELATEDPredominantIncomeType
Share Of Total Income878542ShareOfTotalIncome
Share Of EOY Assets13197533ShareOfEOYAssets
Disproportionate AllocationsfalseDisproportionateAllocations
General Or Managing PartnertrueGeneralOrManagingPartner
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgfalseGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgfalseGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Dividends Related OrganizationfalseDividendsRelatedOrganization
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeesfalseSharingOfPaidEmployees
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrg
Other Transfer To Other OrgfalseOtherTransferToOtherOrg
Other Transfer From Other OrgtrueOtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolvedMethod Of Amt DeterminationMethodOfAmtDetermination
ALDWYN LANE LP
S544500FMV
ALDWYN LANE LLC
S5500FMV

Form990 Schedule R Part VII Form990ScheduleRPartVII

FieldValueIRS element (for citing)
IdentifierPART IVIdentifier
ExplanationVILLANOVA UNIVERSITY MANAGES SIXTEEN CHARITABLE GIFT ANNUITIES. VILLANOVA UNIVERSITY HAS 50% OR GREATER INTEREST IN SEVEN CHARITABLE GIFT ANNUITIES. THE AGGREGATE MARKET VALUE IS $323,797. VILLANOVA UNIVERSITY IS THE TRUSTEE FOR NINE CHARITABLE REMAINDER TRUSTS. VILLANOVA UNIVERSITY HAS 50% OR GREATER INTEREST IN SIX TRUSTS. THE AGGREGATE MARKET VALUE IS $2,244,615.Explanation

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