2014-05-14T14:26:06-05:00 2013-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2012-07-01 050258809 Brown University % DONALD S SCHANCK BROW 4018632716 Controllers Office Box J Suite Providence RI 02912 DONALD S SCHANCK 4018632716 2014-05-14 true PRICEWATERHOUSECOOPERS LLP 6175305000 2012 2015-11-30 17:44:51Z CHRISTINA PAXSON BROWN UNIVERSITY BOX J PROVIDENCE RI 02912 1644918003 false X http://www.brown.edu X 1764 RI SEE SCHEDULE O. 62 59 10690 21374 1344264 0 336516571 331829666 444465103 486007086 48540659 208113750 16454992 4284974 845977325 1030235476 122940500 141913549 0 0 423799261 456569409 158209 24488 22260355 305447189 295940240 852345159 894447686 -6367834 135787790 4137082720 4397600917 988826894 963035559 3148255826 3434565358 X SEE SCHEDULE O. false false 231556152 401144692 INSTRUCTION/ENROLLMENT. (SEE SCHEDULE O) 187054847 141913549 STUDENT AID, FELLOWSHIPS AND SCHOLARSHIPS. (SEE SCHEDULE O) 96853116 84349726 Auxiliary Services / Activities Includes the operation of the dormitories, dining services, health services, the bookstore, etc. These services accomodate students, faculty and staff by supporting academic & cultural enrichment. 266956246 512668 782420361 true true false true false true false true true true true true false false true false false true true true true false false true true false false false true true true false false false false false false false false false true true true false false false true true true false false true 1635 0 true 10690 true true true true false false false true true false false false false false false false X 62 59 true false false false false false false true true false false true true true true true true true true false X DONALD S SCHANCK 4018632716 BROWN UNIVERSITY BOX J PROVIDENCE RI 02912 Donald C Hood 2.0 X X Robin A Lenhardt 2.0 X Mark S Blumenkranz 2.0 X Spencer R Crew 2.0 X Charles M Davis 2.0 X Richard A Friedman 2.0 X Charles H Giancarlo 2.0 X Martin J Granoff 2.0 X Cathy Frank Halstead 2.0 X Samuel M Mencoff 2.0 X Annette L Nazareth 2.0 X Jonathan M Nelson 2.0 X Theresia Gouw 2.0 X 0 0 0 Alison S Ressler 2.0 X X ALISON K COHEN 2.0 X Ralph F Rosenburg 2.0 X Charles M Royce 2.0 X Joan Wernig Sorensen 2.0 X Anita V Spivey 2.0 X Thomas J Tisch 2.0 X X Jerome C Vascellaro 2.0 X X Peter S Voss 2.0 X William P Wood 2.0 X Steven A Cohen 2.0 X Barry S Rosenstein 2.0 X Nancy Fuld Neff 2.0 X Barry S Sternlicht 2.0 X LAURA GELLER 2.0 X MATTHEW J MALLOW 2.0 X MARIA T ZUBER 2.0 X NORMAN W ALPERT 2.0 X ANDREA TERZI BAUM 2.0 X KATHERINE BURTON 2.0 X CRAIG M COGUT 2.0 X LAURENCE W COHEN 2.0 X TANYA GODREJ DUBASH 2.0 X DORSEY M JAMES 2.0 X PEIGE KATZ 2.0 X Christina Paxson 40.0 X X 375360 19361 BRIAN T MOYNIHAN 2.0 X ERIC RODRIGUEZ 2.0 X THOMAS E ROTHMAN 2.0 X JONATHAN M ROZOFF 2.0 X NANCY G ZIMMERMAN 2.0 X GEORGE H BILLINGS 2.0 X ROBERT CARNEY 2.0 X JOHN HANNAN 2.0 X KEVIN MUNDT 2.0 X STEVEN PRICE 2.0 X JASMINE WADDELL 2.0 X LAUREN ZALAZNICK 2.0 X Craig E Barton 2.0 X Jose Estabil 2.0 X Todd Fisher 2.0 X Bob Goodman 2.0 X Nancy Chick Hyde 2.0 X Paula McNamara 2.0 X Sri Naidu 2.0 X Ron Perelman 2.0 X Alison Stewart 2.0 X Diana Wells 2.0 X Rogeriee Thompson 2.0 X Elizabeth C Huidekoper 40.0 X 407448 27764 Clyde L Briant 40.0 X 384853 47248 Edward Wing 40.0 X 640048 37753 Margaret M Klawunn 40.0 X 246258 46230 Stephen M Maiorisi 40.0 X 238405 42653 KEVIN MCLAUGHLIN 40.0 X 324200 30256 MARK S SCHLISSEL 40.0 X 520530 90366 Cynthia E Frost 40.0 X 2100895 39589 Ruth J Simmons 40.0 X 648021 58303 Kenneth M Shimberg 40.0 X 682744 216031 David J Schofield 40.0 X 635195 190264 Michael J Speidel 40.0 X 606163 195131 Martin B Keller 40.0 X 690475 34109 David I Kertzer 40.0 X 478686 47365 Rajiv Vohra 40.0 X 437847 29523 9417128 0 1151946 654 true true false Shawmut Design Construction 3 Davol Square Suite A275 PROVIDENCE RI 02903 Construction 43585970 Lee Kennedy Company Inc 122 Quincy Shore Drive QUINCY MA 02171 Construction 7702809 DIMEO CONSTRUCTION COMPANY 75 CHAPMAN STREET PROVIDENCE RI 02905 CONSTRUCTION 5286802 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 CONSTRUCTION 13286710 Site Specific 45 Dike Street PROVIDENCE RI 02909 Construction 4191153 127 130959 118425 147642209 183938073 64171699 331829666 TUITION & FEES 900099 401144693 401144693 RESIDENCE 900099 43740830 43740830 DINING HALLS 900099 19932540 19932540 BOOKSTORE 451211 8421025 8390347 30678 COMPUTER STORE 900099 2446521 2446521 10321477 10179916 141561 486007086 50162715 1172025 48990690 0 2733456 2733456 0 0 0 771091286 1443376 614293825 289802 156797461 1153574 157951035 157951035 73785 118425 98900 -25115 0 0 INSURANCE CLAIMS & MISC. REFUNDS 900099 1576633 1576633 1576633 1030235476 485834847 1344264 211251814 0 141913549 141913549 0 0 5905915 74626 5644725 186564 0 356016013 313282601 30811239 11922173 23056383 20170820 2113172 772391 51144686 35167003 13733374 2244309 20446412 17718861 2044641 682910 0 333553 333553 635340 635340 57367 57367 24488 24488 603703 603703 82612996 61523185 20593271 496540 1158631 973985 168926 15720 36045457 33255869 1587867 1201721 0 0 25911211 21674848 3282593 953770 17068212 14409445 2022321 636446 0 1156468 935934 178168 42366 26449818 26077718 372100 0 58701913 57876086 825827 10811796 10314705 497091 DUES AND MEMBERSHIPS 1868497 1171973 684681 11843 PURCHASED GOODS 16572484 16572264 220 FUNDRAISING EXPENSES 276831 276831 MISCELLANEOUS 15675963 9249522 3634158 2792283 894447686 782420361 89766970 22260355 24793907 174818857 165646231 167902525 158783844 146051090 63248056 29238076 0 0 0 0 32201835 32959654 3089320 3460938 5279402 4181459 1728817129 717168654 949574492 1011648475 1015238971 1086313000 1638946547 1714612544 0 0 0 0 80280115 26414299 4137082720 4397600917 209379439 89108472 0 0 18789253 10713911 469820000 570587458 22916288 19778187 0 0 0 0 50000000 50000000 217921914 222847531 988826894 963035559 X 703813585 915482785 1262380237 1264048851 1182062004 1255033722 3148255826 3434565358 4137082720 4397600917 X 135787790 140472280 10049462 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 23412 false true 33955 57367 false SCHEDULE C, PART II-B OTHER LOBBYING ACTIVITIES: THE UNIVERSITY ENGAGES CONSULTANTS TO PROMOTE ITS MISSION BY WORKING WITH STATE AND FEDERAL GOVERNMENT ENTITIES TO ADVOCATE FOR LEGISLATION AND POLICY INITIATIVES THAT SUPPORT HIGHER EDUCATION AND THE UNIVERSITY'S RESEARCH AGENDA. IN ADDITION, CERTAIN MEMBERS OF THE UNIVERSITY'S STAFF OR MANAGEMENT DEVOTED A SMALL PORTION OF THEIR TIME ON SIMILAR ACTIVITIES. SCHEDULE C, PART II-B, LINE 1i AMOUNT RELATES TO MEMBERSHIP DUES PAID TO ORGANIZATIONS WHO LOBBY ON BEHALF OF ALL MEMBERS, INCLUDING BROWN UNIVERSITY. 2 39384625 39308972 true true X X X X Education false false true 2462538000 61628000 273994000 32318000 89027000 6867000 2669948000 2561014000 60476000 15368000 30096000 75252000 6420000 2525090000 2211203000 67541000 387189000 28030000 70903000 5986000 2561014000 2067880000 55902000 208342000 27840000 85877000 7204000 2211203000 2843081000 57794000 -621803000 32685000 93230000 7115000 2146042000 0.15600 0.42200 0.42200 false false 71139000 71139000 1417235000 628721000 788514000 44096000 21402000 22694000 196347129 67045654 129301475 1011648475 COMMON STOCK 597104000 F PARTNERSHIPS & LLCS 1052130000 F MISCELLANEOUS 65378544 F 1714612544 0 FEDERAL STUDENT LOAN FUNDS 24589666 REFUNDABLE ADVANCES 15401318 STUDENT DEPOSITS 26760924 BROWN UNIVERSITY TAXABLE BONDS 117000000 CHARITABLE LEAD TRUST 26638482 ASSET RETIREMENT OBLIGATION 12457141 222847531 SCHEDULE D, PART III, LINE 1a THE UNIVERSITY'S COLLECTIONS INCLUDE WORKS OF ART, HISTORICAL TREASURES, AND ARTIFACTS THAT ARE MAINTAINED IN THE UNIVERSITY'S LIBRARIES AND MUSEUMS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR EDUCATION AND RESEARCH PURPOSES. THE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS IN THE FINANCIAL STATEMENTS OF THE UNIVERSITY. SCHEDULE D, PART III, LINE 4 THE JOHN CARTER BROWN LIBRARY CONTAINS A COLLECTION OF RARE BOOKS, MAPS, ATLASES AND MANUSCRIPTS THAT IS FOCUSED AND DIRECTED TOWARD PROVIDING UNDERSTANDING OF A PARTICULAR HISTORICAL ERA, NAMELY THE COLONIAL PERIOD OF THE AMERICAS. THE LIBRARY SERVES AS A RESOURCE TOOL FOR THOSE STUDYING SUCH TOPICS AS SLAVERY, MISSIONARY WORK, THE GROWTH OF NATURAL SCIENCE, AND ANTI-COLONIAL REVOLUTIONS IN THE NEW WORLD, AS WELL AS HISTORY OF GEOGRAPHY AND CARTOGRAPHY. THE JOHN HAY LIBRARY HOUSES THE UNIVERSITY LIBRARY'S COLLECTIONS OF RARE BOOKS AND MANUSCRIPTS, THE UNIVERSITY ARCHIVES, AND MANY SPECIAL COLLECTIONS ON A WIDE VARIETY OF TOPICS. THE LIBRARY SERVES AS A RESOURCE TOOL FOR THOSE STUDYING SUCH TOPICS AS AMERICAN LITERATURE AND POPULAR CULTURE, POLITICAL AND DIPLOMATIC HISTORY, THE HISTORY OF SCIENCE, BOOK ARTS AND GRAPHICS. THE UNIVERSITY'S ART SLIDE LIBRARY HOUSES SLIDES AND PHOTOGRAPHS REPRESENTING ART AND ART-RELATED SUBJECTS, INCLUDING ARCHITECTURE AND ARCHAEOLOGY. STUDENTS WHO ARE WRITING PAPERS OR CREATING PROJECTS ON ART-RELATED TOPICS CAN MAKE RESEARCH CONSULTATIONS BY APPOINTMENT. THE ART SLIDE LIBRARY ALSO PROVIDES SCANNING SERVICES FOR FACULTY WHO NEED DIGITAL IMAGES OF VISUAL CULTURE FOR TEACHING. THE ANNMARY BROWN MEMORIAL HOUSES EXHIBITS OF EUROPEAN AND AMERICAN PAINTINGS FROM THE 17TH THROUGH THE 20TH CENTURIES, THE CYRIL AND HARRIET MAZANSKY BRITISH SWORD COLLECTION, AS WELL AS PERSONAL MEMENTOS OF ITS FOUNDER, GENERAL RUSH C. HAWKINS, AND THE BROWN FAMILY. THE MEMORIAL IS UTILIZED AS A RESOURCE FOR STUDENTS STUDYING EUROPEAN AND AMERICAN ART BETWEEN THE 17TH AND 20TH CENTURY. THE HAFFENREFFER MUSEUM OF ANTHROPOLOGY IS A UNIVERSITY TEACHING MUSEUM WITH COLLECTIONS OF OVER 100,000 ETHNOGRAPHIC AND ARCHAEOLOGICAL ARTIFACTS AND ACTIVE PUBLIC EXHIBITIONS AND EDUCATION PROGRAMS. A CENTRAL FEATURE OF THE MUSEUM'S MISSION IS TO INSTRUCT STUDENTS AT ALL LEVELS IN COURSES AS WELL AS THROUGH ACTIVITIES ENHANCING THE VALUE OF ITS COLLECTIONS BY RESPONSIBLE, CAREFUL FIELD-DOCUMENTED COLLECTING. SCHEDULE D, PART IV, LINE 2B THE UNIVERSITY ACTS AS THE FISCAL AGENT FOR FUNDS RELATED TO UNIVERSITY SPONSORED AND/OR AFFILIATED PROGRAMS. THE UNIVERSITY DOES NOT OWN THE FUNDS ASSOCIATED WITH THESE PROGRAMS. Schedule D, Part V, Line 1 THE ENDING BALANCE IN COLUMN (E) INCLUDED PLEDGES RECEIVABLE AND THE BEGINNING BALANCE IN COLUMN (D) DOES NOT. THE VARIANCE BETWEEN THE ENDING BALANCE IN COLUMN (B) AND THE BEGINNING BALANCE IN COLUMN (A) IS FROM A RECLASSIFICATION TO REFLECT THE REMOVAL OF PREVIOUSLY APPROPRIATED BUT UNSPENT RETURN ON DONOR-RESTRICTED ENDOWMENTS AND SPLIT-INTEREST AGREEMENTS OUTSIDE OF THE UNIVERSITY'S LONG TERM POOL. SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT INCOME HELPS FINANCE VITAL ACTIVITIES, INCLUDING UNDERGRADUATE STUDENT SCHOLARSHIPS, PROFESSORSHIPS, GRADUATE STUDENT FELLOWSHIPS, LIBRARY ACQUISITIONS, THE DIVISION OF BIOLOGY AND MEDICINE, ACADEMIC PROGRAMS, VARSITY SPORTS, AND BUILDING MAINTENANCE. SCHEDULE D, PART X, LINE 2 BROWN UNIVERSITY DOES NOT HAVE A FIN 48 FOOTNOTE REPORTED IN ITS FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATORY POLICY PART I, LINE 3 THE UNIVERSITY'S POLICY ON NON-DISCRIMINATION IS MADE AVAILABLE ON ITS WEBSITE. THE UNIVERSITY CUSTOMARILY DRAWS ITS STUDENTS NATIONWIDE FROM ALL SOCIAL SEGMENTS WHO ARE INFORMED OF ITS NONDISCRIMINATORY POLICY. SEE SECTION 4.02-2(B) REV PROC.78-80. GOVERMENT FINANCIAL AID PART I, LINE 6 COLLEGE WORK STUDY, PELL GRANTS, PERKINS LOANS, ETC. Central America and the Caribbean Program Services SUMMER PROGRAM 33654 East Asia and the Pacific 5 Program Services CONF/RES/STUDY ABR 196003 Europe (Including Iceland and Greenland) 29 Program Services CONF/RES/STDY ABR/TRAN 5422721 Middle East and North Africa 6 Program Services RES/CONSULT/TRANSLATIO 79841 North America 5 Program Services CONFERENCE/RESEARCH 90699 Russia and the Newly Independent States 2 Program Services STUDY ABROAD/CONF 52798 South America 7 Program Services RES/STUDY ABR/TRANSLAT 202401 South Asia 7 Program Services RES/STUDY ABR/WORKSHOP 485877 Sub-Saharan Africa 4 Program Services RESEARCH 708551 Central America and the Caribbean Investments 1080162821 Europe (Including Iceland and Greenland) Investments 139811931 Sub-Saharan Africa Investments 4726473 65 65 1231973770 1231973770 true false true true true false PART 1, LINE 3, COLUMN F THE ORGANIZATION REVIEWS ALL WIRE TRANSFERS FOR OVERSEAS PAYMENTS AND DISCUSSES WITH THE DEPARTMENTS ORIGINATING THE PAYMENTS TO DETERMINE IF THE PAYMENTS WERE FOR WORK CONDUCTED OVERSEAS. X X X X X X X true LINDA NELSON CONSULTING false 24488 24488 CA NY Brown Bear Golf 112800 80750 32050 47065 Football Golf 70810 37675 33135 35271 1 8600 8600 16564 192210 118425 73785 98900 98900 -25115 SCHEDULE G, PART I, LINE 2B THE CONSULTING SERVICES PROVIDED BY LINDA NELSON WERE NOT FOR A SPECIFIC FUNDRAISING EVENT. SCHEDULE G, PART I, LINE 3 RHODE ISLAND DOES NOT REQUIRE THE UNIVERSITY TO REGISTER IN ORDER TO SOLICIT FUNDS. true UNDERGRADUATE SCHOLARSHIPS 2680 88615675 MEDICAL SCHOOL SCHOLARSHIPS 236 5756758 GRADUATE SCHOLARSHIPS 1259 47541116 Schedule I, Part I, Line 2 Grant funds are managed in accordance with both the sponsor and University rules and regulations. Expenditures are reviewed on a pre and post audit basis to ensure that the costs incurred and charged to a particular grant is in compliance with both the sponsor and University policies. Schedule I, Part III The cash grants are reflected on students' accounts. X X false true X X X X false true false false false false false true true true Ruth J Simmons 642080 5941 30000 28303 706324 David I Kertzer 294064 57500 127122 30000 17365 526051 Elizabeth C Huidekoper 390448 17000 20000 7764 435212 Clyde L Briant 336944 47909 30000 17248 432101 Rajiv Vohra 420847 17000 15000 14523 467370 Edward Wing 623048 17000 30000 7753 677801 Margaret M Klawunn 233897 10000 2361 24650 21580 292488 Stephen M Maiorisi 237736 669 24575 18078 281058 Kenneth M Shimberg 343407 339337 195000 21031 898775 164337 David J Schofield 329270 305246 679 182500 7764 825459 142746 Michael J Speidel 286907 302256 17000 175000 20131 801294 147256 Christina Paxson 350000 25360 19361 394721 KEVIN MCLAUGHLIN 324200 25000 5256 354456 MARK S SCHLISSEL 473530 47000 20000 70366 610896 Martin B Keller 193284 497191 23865 10244 724584 Cynthia E Frost 541431 1542190 17274 25000 14589 2140484 988151 Schedule J, Part I, Line 1a RESIDENCE FOR PERSONAL USE WAS PROVIDED TO THE FOLLOWING INDIVIDUALS: PRESIDENT - AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, THE PRESIDENT IS REQUIRED TO LIVE IN UNIVERSITY HOUSING. THEREFORE, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. RUTH SIMMONS (PRESIDENT THRU 06/30/2012) LIVED IN UNIVERSITY HOUSING UNTIL 06/30/12. CHRISTINA PAXSON (PRESIDENT OF THE UNIVERSITY) CURRENTLY LIVES IN UNIVERSITY HOUSING. PROVOST - AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, THE PROVOST IS REQUIRED TO LIVE IN UNIVERSITY HOUSING. THEREFORE, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 1A THE CURRENT PRESIDENT'S HOUSEHOLD SERVICES ASSISTANT PROVIDES SOME PERSONAL SERVICES FOR THE PRESIDENT. THE PRESIDENT REIMBURSES THE UNIVERSITY BY CHECK FOR THESE SERVICES. SCHEDULE J, PART I, LINE 1B IN LIEU OF A STANDARDIZED WRITTEN POLICY, SENIOR OFFICERS WERE ISSUED AN ADDENDUM TO THEIR COMPENSATION LETTER APPROVED BY THE CHANCELLOR, OUTLINING THE TREATMENT OF THE HOUSING ITEM LISTED IN PART I, LINE 1A. SCHEDULE J, PART I, LINE 4B TERMS & CONDITIONS OF SUPPLEMNTAL RETIREMENT PLAN AND PAYMENT FOR 2012: Effective July 1, 2012 the University entered into a deferred compensation agreement with the President. Under the Plan, the organization will deposit $200,000 to the President's deferred compensation account each June 30th through June 30, 2017. Such amounts will vest over the course of the agreement so long as the President remains continuously employed by the University through each such vesting date. No amounts were creditted to the Plan in calendar year 2012. ALL MEMBERS OF THE EXECUTIVE STAFF OF THE PRESIDENT OF BROWN UNIVERSITY WITH AN ANNUAL SALARY IN EXCESS OF $160,000 ARE ELIGIBLE TO PARTICIPATE IN THE PLAN AS OF THE SIXTH MONTH ANNIVERSARY OF THE DATE OF EMPLOYMENT. ANNUALLY, AMOUNTS ARE CREDITED TO THE PARTICIPANTS' ACCOUNTS BASED ON A PERCENTAGE (DETERMINED BY THE PARTICIPANT'S AGE) OF THE INDIVIDUAL'S COMPENSATION IN EXCESS OF $160,000. PLAN AMOUNTS ARE SUBJECT TO FORFEITURE AND/OR PAYMENT ONLY IF CERTAIN CONDITIONS ARE MET INCLUDING A LENGTH OF SERVICE REQUIREMENT AS DESIGNATED IN THE PARTICIPANT AGREEMENT. THIS PLAN WAS CLOSED TO NEW PARTICIPANTS AS OF MARCH 1, 2007. AMOUNTS LISTED BELOW ARE PAYMENTS MADE BY THE UNIVERSITY TO PARTICIPANTS UNDER THE SUPPLEMENTAL RETIREMENT PLAN IN 2012: CLYDE BRIANT $43,064 DAVID KERTZER $110,122 TERMS & CONDITIONS OF DEFERRED INCENTIVE COMPENSATION PLAN FOR SENIOR INVESTMENT PROFESSIONALS AND PAYMENTS FOR 2012: THE INVESTMENT COMMITTEE SUB-COMMITTEE ON COMPENSATION RECOMMENDS THE AMOUNT OF INCENTIVE COMPENSATION (BASED UPON A PERCENTAGE OF BASE SALARY) FOR EACH SENIOR INVESTMENT PROFESSIONAL PRIOR TO THE BEGINNING OF THE PERFORMANCE YEAR. THE ACTUAL INCENTIVE COMPENSATION GRANTED IS DETERMINED AFTER THE CLOSE OF THE PERFORMANCE YEAR, AFTER THE SUB-COMMITTEE ASSESSES THE PERFORMANCE OF THE SENIOR INVESTMENT PROFESSIONALS USING QUALITATIVE & QUANTITATIVE FACTORS. HALF OF THE INCENTIVE COMPENSATION GRANTED IS DEFERRED FOR ONE TO THREE YEARS AND INVESTED IN THE UNIVERSITY'S LONG TERM POOL. A THIRD OF THE DEFERRED AMOUNT, PLUS ANY INVESTMENT GAINS/LOSSES IS TO BE PAID OUT IN EACH OF THE SUCCEEDING THREE YEARS. THE DEFERRED AMOUNTS ARE SUBJECT TO FORFEITURE IF THE INDIVIDUAL LEAVES BROWN FOR REASONS OTHER THANM RETIREMENT, DISABILITY OR DEATH. THE FOLLOWING AMOUNTS BECAME VESTED AND WERE PAID TO THE FOLLOWING INDIVIDUALS IN CALENDAR YEAR 2012: CYNTHIA E. FROST: $1,542,190 KENNETH M. SHIMBERG: $339,337 DAVID J. SCHOFIELD: $305,246 MICHAEL J. SPEIDEL: $302,256 AMOUNTS (LISTED IN COLUMN BII) REPRESENT PAYMENTS OF INCENTIVE COMPENSATION THAT WERE DEFERRED AND REPORTED IN A PRIOR YEAR FORM 990. Schedule J, Part I, Line 7 THE UNIVERSITY OFFERS INCENTIVE COMPENSATION TO SENIOR PROFESSIONALS IN THE INVESTMENT OFFICE BASED UPON THE UNIVERSITY'S INVESTMENT PERFORMANCE. (SEE RESPONSE TO QUESTION 4B ABOVE) THE UNIVERSITY MADE DISCRETIONARY BONUS PAYMENTS TO THE FOLLOWING INDIVIDUALS BASED UPON SERVICE ACCOMPLISHMENTS DURING THE YEAR: MARGARET M. KLAWUNN $10,000 SCHEDULE J, PART I, LINE 8 THE PRESIDENT IS UNDER HER INITIAL CONTRACT WITH BROWN UNIVERSITY. SCHEDULE J, PART II, COLUMN (D) NON-TAXABLE BENEFITS LISTED IN COLUMN D CONSIST OF THE FOLLOWING ITEMS: PRE-TAX AMOUNTS PAID BY EMPLOYEES FOR HEALTH & DENTAL INSURANCE, MEDICAL REIMBURSEMENT, AMOUNTS PAID BY THE UNIVERSITY FOR HEALTH & DENTAL, AS WELL AS TUITION ASSISTANCE AND HOUSING THAT IS REQUIRED AS A CONDITION OF EMPLOYMENT. SCHEDULE J, PART II, COLUMN (F) AMOUNTS REPRESENT PAYMENTS OF INCENTIVE COMPENSATION THAT WAS DEFERRED AND REPORTED IN A PRIOR FORM 990. A RI H&E CORP SERIES 2003A & 2003B 521300173 762243CA9 2003-11-13 91425000 FINANCE CAPITAL PROJECTS false false false B RI H&E BLD CORP SERIES 2004 521300173 762243FX6 2004-04-27 22545097 ADVANCED REFUNDING 1995 BOND false false false C RI H&E BLD CORP SERIES 2005A 521300173 762243MY6 2005-10-04 85500000 FINANCE CAPITAL PROJECTS false false false D RI H&E CORP SERIES 2007 521300173 762197BP5 2007-06-27 92405058 FIN.CAP.PJT./REFUND 1998 COM.PAPER false false false A 7305000 0 91928050 0 0 0 590401 0 0 91337649 0 0 2005 false false true true B 6010097 0 22545097 0 0 0 259102 0 0 0 22285995 0 false true true true C 0 0 87064981 0 0 0 526642 0 0 86538339 0 0 2006 false false true true D 2395058 0 93317470 0 0 0 718615 0 0 42912412 49686443 0 2008 true false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false false B false false false false 0.00000 0.00000 0.00000 false false 0.00000 false false C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false false D false false false false 0.00000 0.00000 0.00000 false false 0.00000 false false A false true true true JP MORGAN 35.3 false false 0 false false B false true false false 0 false 0 false false C false true true true GOLDMAN SACHS 29.6 false false 0 false false D false true false false 0 false 0 false false A false B false C false D false SCHEDULE K, PART II, LINE 3, COLUMN A (SERIES 2003) INCLUDES $503,050 OF INVESTMENT EARNINGS. SCHEDULE K, PART II, LINE 3, COLUMN C (SERIES 2005A) INCLUDES $1,564,981 OF INVESTMENT EARNINGS. SCHEDULE K, PART II, LINE 3, COLUMN D (SERIES 2007) INCLUDES $912,413 OF INVESTMENT EARNINGS. SCHEDULE K, PART II, LINE 3, COLUMN A (SERIES 2009) INCLUDES $3,239 OF INVESTMENT EARNINGS. SCHEDULE K, PART III, LINE 9 / PART IV, LINE 7 & PART V THE UNIVERSITY IS IN THE PROCESS OF DEVELOPING THESE WRITTEN PROCEDURES. BROWN UNIVERSITY HAS CONDUCTED AN ANALYSIS OF ACTIVITIES CONDUCTED WITHIN ITS BOND-FINANCED FACILITIES AND HAS DETERMINED THAT THERE IS NO PRIVATE USE. A RI H&E CORP SERIES 2009 521300173 762197DT5 2009-10-01 75643750 FIN. CAP. PJT./REFUND COM. PAPER false false false B RI H&E CORP SERIES 2011 521300173 762197GR6 2011-08-24 80629956 CURRENT REFUNDING 2001 BONDS false false false C RI H&E CORP SERIES 2012 521300173 762197KD2 2012-07-19 149807220 FIN.CAP. PROJECTS/REFUND COM.PAPER false false false A 4848750 0 75646988 0 0 0 643750 0 0 25003238 50000000 0 2011 true false true true B 13679956 0 80629956 0 0 0 506344 0 0 0 80123612 0 true false true true C 31567220 0 149807220 0 0 0 794535 0 0 99012685 50000000 0 true false false true A false false false false 0.00000 0.00000 0.00000 false false false false B false false false false 0 false false false false C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false false A false true false false 0 false 0 false false B false true false false 0 false 0 false false C false true false false 0 false 0 false false A false B false C false SEE PART V SCHEDULE L PART IV (A) NAME OF INTERESTED PERSON: GOLDMAN SACHS (B) RELATIONSHIP BETWEEN THE INTERESTED PERSON AND THE ORGANIZATION: A TRUSTEE OF THE UNIVERSITY HAS A SIGNIFICANT FINANCIAL INTEREST AND IS ON THE MANAGEMENT COMMITTEE. (C) AMOUNT OF TRANSACTION: $16,886,000 OUTSTANDING VALUATION OF SWAP AGREEMENT WITH GOLDMAN SACHS AT 06/30/2013. (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY CURRENTLY HAS TWO ACTIVE INTEREST RATE SWAP AGREEMENTS WITH GOLDMAN SACHS. (E) SHARING OF THE ORGANIZATION'S REVENUES: NO (A) NAME OF INTERESTED PERSON: TPG CAPITAL, LLC (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: A TRUSTEE OF THE UNIVERSITY HAS A SIGNIFICANT FINANCIAL INTEREST. (C) AMOUNT OF TRANSACTION: $3,874,646 (CAPITAL INVESTED & RETURN OF CAPITAL) (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY IS A LIMITED PARTNER IN SEVERAL TPG CAPITAL PARTNERSHIPS. (E) SHARING OF THE ORGANIZATION'S REVENUES: NO X 4 X 3 X 407 64171699 FMV X 1 X 5 6 false true false SCHEDULE M, PART I, COLUMN (B) THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED DURING THE YEAR. SCHEDULE M, PART I, LINE 33 NO REVENUE WAS REPORTED ON FORM 990, PART VIII, LINE 1G BECAUSE THE UNIVERSITY'S COLLECTIONS (WHICH INCLUDE WORKS OF ART, HISTORICAL TREASURES & ARTIFACTS) ARE NOT RECOGNIZED AS ASSETS IN THE FINANCIAL STATEMENTS OF THE UNIVERSITY. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR EDUCATION AND RESEARCH PURPOSES. MISSION STATEMENT FORM 990, PARTS I AND III TO SERVE THE COMMUNITY, THE NATION, AND THE WORLD BY DISCOVERING, COMMUNICATING, AND PRESERVING KNOWLEDGE AND UNDERSTANDING IN A SPIRIT OF FREE INQUIRY, AND BY EDUCATING AND PREPARING STUDENTS TO DISCHARGE THE OFFICES OF LIFE WITH USEFULNESS AND REPUTATION. BROWN ACCOMPLISHES THIS THROUGH A PARTNERSHIP OF STUDENTS & TEACHERS IN A UNIFIED COMMUNITY CALLED A UNIVERSITY-COLLEGE. FORM 990, PART III, LINE 4A INSTRUCTION / ENROLLMENT INCLUDES COST OF SUPPLIES, SALARIES AND BENEFITS ASSOCIATED WITH TEACHING APPROXIMATELY 8,500 STUDENTS (72% UNDERGRADUATE; 23% GRADUATE; 5% MEDICAL). A FACULTY OF APPROXIMATELY 700 (NOT INCLUDING ADJUNCT, VISITING, CLINICAL AND OTHER "NON-REGULAR" FACULTY) TEACH AND ADMINISTER PROGRAMS IN A VARIETY OF DISCIPLINES, INCLUDING THE HUMANITIES, LIFE/MEDICAL SCIENCES, PHYSICAL SCIENCES AND SOCIAL SCIENCES. THERE ARE NEARLY 100 PROGRAMS OF STUDY OFFERED BETWEEN THE THREE SCHOOLS (UNDERGRADUATE COLLEGE, GRADUATE SCHOOL AND MEDICAL SCHOOL) OF THE UNIVERSITY. IN 2013, THE UNIVERSITY AWARDED 1,554 BACCALAUREATE DEGREES AND 809 ADVANCED (MASTER AND DOCTORATE) DEGREES. FORM 990, PART III, LINE 4B STUDENT AID, FELLOWSHIPS & SCHOLARSHIPS BROWN PROVIDES 100 PERCENT OF DEMONSTRATED NEED FOR ALL AIDED UNDERGRADUATE STUDENTS THAT MATRICULATE. THE UNIVERSITY IS NEEDS-BLIND FOR DOMESTIC STUDENTS (US CITIZENS AND PERMANENT RESIDENTS) AND "NEED-AWARE" FOR INTERNATIONAL AND TRANSFER (BOTH DOMESTIC AND INTERNATIONAL) STUDENTS. INTERNATIONAL AND TRANSFER STUDENTS WHO DO NOT APPLY FOR AID AS PART OF THEIR ADMISSION APPLICATION MAY NOT RECEIVE NEED-BASED SCHOLARSHIPS FROM THE UNIVERSITY. FORTY-SEVEN PERCENT OF THE UNDERGRADUATE STUDENT BODY RECEIVES NEED-BASED FINANCIAL AID. THE AVERAGE FINANCIAL-AID PACKAGE FOR THE CLASS OF 2016 WAS $40,209. SINCE THE CLASS OF 2007, ALL DOMESTIC UNDERGRADUATES ADMITTED AS FRESHMEN AT BROWN UNIVERSITY WERE ADMITTED UNDER THE UNIVERSITY'S NEEDS-BLIND ADMISSION POLICY. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES (EXPENSES $266,956,246) (REVENUE $390,681) THE UNIVERSITY ENGAGES IN RESEARCH IN PHYSICAL SCIENCES, HUMANITIES, LIFE SCIENCES AND SOCIAL SCIENCES. THE UNIVERSITY'S RESEARCH NETWORK FEATURES ADVANCED ACADEMIC INSTITUTES, CENTERS AND FACILITIES THAT MAKE OUR WORLD RENOWNED RESEARCH POSSIBLE. THESE FACILITIES, WHICH ARE MADE AVAILABLE TO FACULTY AND STUDENTS, ENCOURAGE DISCOVERY AND INNOVATION BY PROVIDING STATE-OF-THE-ART EQUIPMENT AND RESOURCES. DESCRIPTION EXPENSES ----------- ---------- SPONSORED RESEARCH $85,863,728 LIBRARIES $25,187,283 ACADEMIC SUPPORT $58,049,409 OPERATION & MAINTENANCE OF PLANT $14,240,844 DEPRECIATION $57,876,086 OTHER $25,738,896 FORM 990, PART V, LINE 4B FOREIGN ACCOUNTS THE ORGANIZATION HAS AN INTEREST IN OR A SIGNATURE OR OTHER AUTHORITY OVER A FINANCIAL ACCOUNT IN THE FOLLOWING FOREIGN COUNTRIES: 1) ITALY 2) FRANCE 3) GERMANY 4) SPAIN 5) ENGLAND 6) BERMUDA 7) IRELAND 8) BRITISH VIRGIN ISLANDS 9) CAYMAN ISLANDS 10) MAURITIUS 11) GUERNSEY, CHANNEL ISLANDS 12) JERSEY, CHANNEL ISLANDS PART VI, SECTION A, LINE 1 The Advisory & Executive Committee shall consist of the President (chair), the Chancellor, the Vice Chancellor, the Secretary, and the Treasurer, all ex officio, and at least nine additional members of the Corporation of whom at least two shall be Fellows and three Trustees. The Chairs of the Committees on Academic Affairs, Budget & Finance, Campus Life, Advancement, Facilities & Design, Audit and Investment shall always be among the members of the Advisory & Executive Committee. Three Fellows and four Trustees shall constitute a quorum. The Committee may transact any business of the Corporation except the location of buildings and the election of Trustees, Fellows, and the President. In addition to the powers of the minor quorum, the Committee, by action of the Corporation, is authorized to appoint professors. The acts of the Advisory & Executive Committee shall be valid until the next meeting of the Corporation, and no longer unless approved by the Corporation. PART VI, SECTION A, LINE 2 RICHARD A. FRIEDMAN JONATHAN M. NELSON BUSINESS RELATIONSHIP - THE INDIVIDUALS SIT ON THE BOARD OF ANOTHER ORGANIZATION. PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED BY THE UNIVERSITY AND REVIEWED BY THE UNIVERSITY'S TAX CONSULTANTS. A DRAFT VERSION OF THE FORM 990 IS PROVIDED TO THE ASSOCIATE CONTROLLER, CONTROLLER, EXECUTIVE VICE PRESIDENT FOR FINANCE & ADMINISTRATION, AND THE AUDIT COMMITTEE FOR REVIEW. CHANGES/COMMENTS ARE SUBMITTED TO MANAGEMENT AND ANY NECESSARY CHANGES ARE MADE PRIOR TO THE FINAL REVIEW AND SIGNING OF THE TAX RETURN BY THE UNIVERSITY'S INDEPENDENT AUDITORS/TAX CONSULTANTS. THE FINAL TAX RETURN IS PROVIDED TO THE BOARD PRIOR TO FILING. PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BROWN COMMUNITY ARE RESPONSIBLE FOR READING THE UNIVERSITY'S CONFLICT OF INTEREST AND COMMITMENT POLICY (COICP) AND ITS RELATED GUIDELINES AND TO DISCLOSE POTENTIAL OR ACTUAL CONFLICTS AS THEY ARISE TO THEIR SUPERVISOR OR ASSIGNED SENIOR ADMINISTRATOR. FAILURE TO DO SO WILL BE DEEMED A FAILURE TO MEET ONE'S OBLIGATIONS FOR WHICH SANCTIONS, UP TO AND INCLUDING DISMISSAL, MAY BE IMPOSED. RESPONSIBILITY FOR IMPLEMENTING THE UNIVERSITY'S COICP IS AS FOLLOWS - THE CHANCELLOR FOR MEMBERS OF THE CORPORATION AND ITS STANDING COMMITTEES; THE PRESIDENT FOR THE CABINET; AND THE PROVOST FOR OFFICERS OF INSTRUCTION AND RESEARCH. FOR ALL OTHER MEMBERS OF THE BROWN COMMUNITY, RESPONSIBILITY FOR IMPLEMENTING THE UNIVERSITY'S COICP SHALL REST WITH THE SENIOR VICE PRESIDENT FOR CORPORATION AFFAIRS AND GOVERNANCE. ALL CORPORATION MEMBERS, ALL MEMBERS OF THE CORPORATION'S STANDING COMMITTEES, ALL OFFICERS OF INSTRUCTION, ALL SENIOR OFFICERS, AND SELECTED STAFF SHALL ALSO BE RESPONSIBLE FOR SUBMITTING AN ANNUAL DISCLOSURE FORM. IF THERE ARE NO DISCLOSURES WHICH PRESENT A CONFLICT OR APPEAR TO PRESENT A CONFLICT, THE SUPERVISOR SIGNS THE FORM AND FORWARDS IT TO THE ASSIGNED SENIOR ADMINISTRATOR. IF THERE ARE DISCLOSURES WHICH PRESENT A CONFLICT OR APPEAR TO PRESENT A CONFLICT, THE SUPERVISOR IS RESPONSIBLE FOR WORKING WITH THE EMPLOYEE TO DETERMINE WHETHER A MANAGEMENT PLAN IS WARRANTED, SIGNING THE DISCLOSURE FORM TO ACKNOWLEDGE THAT IT HAS RECEIVED SUPERVISORY REVIEW, AND FORWARDING IT TO THE ASSIGNED SENIOR ADMINISTRATOR FOR THAT EMPLOYEE. FORMS THAT DISCLOSE AFFILIATIONS ARE REQUIRED TO RECEIVE SECONDARY REVIEW AND SIGNATURE BY THE ASSIGNED SENIOR ADMINISTRATOR OR, WHEN THE ASSIGNED SENIOR ADMINISTRATOR IS ALSO THE EMPLOYEE'S SUPERVISOR, BY THE ASSIGNED SENIOR ADMINISTRATOR'S SUPERVISOR. SENIOR ADMINISTRATORS, AS ASSIGNED BY THE SENIOR VICE PRESIDENT FOR CORPORATION AFFAIRS AND GOVERNANCE, ARE RESPONSIBLE FOR COLLECTING DISCLOSURE FORMS AND, IF WARRANTED, MANAGEMENT PLANS WITHIN THEIR DIVISIONS AND FORWARDING THEM TO THE OFFICE OF CORPORATION AFFAIRS AND GOVERNANCE. HUMAN RESOURCES SHALL MAINTAIN EMPLOYEES' DISCLOSURE FORMS AND RELATED MANAGEMENT PLANS, AND THE UNIVERSITY AUDITOR SHALL PERIODICALLY MONITOR THE FILE TO ENSURE COMPLIANCE WITH THE DISCLOSURE REQUIREMENTS OF THIS POLICY. THE UNIVERSITY'S INVESTMENT OFFICE ALSO HAS STRICT INVESTMENT POLICIES INTENDED TO MAINTAIN THE HIGHEST ETHICAL AND LEGAL STANDARDS AND AVOID CONFLICTS. ALL MEMBERS OF THE CORPORATION, INCLUDING THE PRESIDENT, DISCLOSE INFORMATION ANNUALLY RELATED TO CONFLICT OF INTEREST AND COMMITMENT. IF THERE IS CONSIDERATION TO HIRE A FIRM THAT COULD POTENTIALLY PRESENT A CONFLICT, THE INVESTMENT OFFICE SEEKS THE ADVICE AND CONSENT OF THE CORPORATION OFFICE AND GENERAL COUNSEL. ALL MEMBERS OF THE INVESTMENT COMMITTEE MUST RECUSE THEMSELVES AND REFRAIN FROM PARTICIPATION IN CONSIDERATION OF ANY INVESTMENT IN WHICH THEY HAVE AN INTEREST. PART VI, SECTION B, LINE 15 THE AUTHORITY TO ESTABLISH AND ADJUST COMPENSATION FOR THE PRESIDENT AND SENIOR STAFF RESTS WITH THE CORPORATION COMMITTEE ON SENIOR ADMINISTRATION. SENIOR STAFF INCLUDES OFFICERS REPORTING TO THE PRESIDENT, THE DEANS AND VICE PRESIDENTS OR THEIR EQUIVALENTS WHO REPORT TO THE PROVOST AND/OR THE EXECUTIVE VICE PRESIDENT FOR FINANCE & ADMINISTRATION, ANY OTHER UNIVERSITY EMPLOYEE WHOSE ANNUAL COMPENSATION IS IN EXCESS OF $225,000, AND OTHERS WHOSE RESPONSIBILITIES MIGHT BE DETERMINED TO REFLECT SIGNIFICANT INFLUENCE OVER THE AFFAIRS OF THE UNIVERSITY. THE COMMITTEE CONDUCTS THEIR REVIEW ANNUALLY AND, AS PART OF THEIR REVIEW PROCESS, USES DATA AND INFORMATION FROM SURVEYS REFLECTING INDUSTRY STANDARDS FOR COMPENSATION, BENEFITS, AND PREREQUISITES OF SENIOR OFFICERS EITHER AT INSTITUTIONS OF HIGHER EDUCATION OR AT COMPARABLE ENTITIES. DOCUMENTATION OF THIS REVIEW, AS WELL AS ANY DECISIONS MADE, ARE PREPARED BEFORE THE NEXT MEETING OF THE COMMITTEE ON SENIOR ADMINISTRATION, OR 60 DAYS AFTER THE FINAL ACTIONS OF THE COMMITTEE TO SET SALARIES, WHICHEVER IS LATER. THE COMMITTEE FORMALLY APPROVES THE DOCUMENTATION WITHIN A REASONABLE TIME AFTER IT IS PREPARED. PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICIES, AND GOVERNING DOCUMENTS (CHARTER AND STATUTES) ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON OUR WEBSITE. FORM 990, PART XI, LINE 9 ACTUARIAL ADJUSTMENT ($925,812) PENSION ADJUSTMENT $11,108,654 OTHER ($133,380) ____________ $10,049,462 FORM 990, PART XII, LINE 2D BROWN UNIVERSITY'S FINANCIAL STATEMENTS INCLUDE THE ACCOUNTS OF THE JOHN NICHOLAS BROWN CENTER FOR THE STUDY OF AMERICAN CIVILIZATION, BROWN FACULTY CLUB, FARVIEW INCORPORATED (A REAL ESTATE HOLDING COMPANY), AND KARING. ALL OF WHICH ARE SEPARATE ENTITIES THAT ARE CONSOLIDATED IN THE FINANCIAL STATEMENTS. BROWN UNIVERSITY AND THESE CONSOLIDATED ENTITIES ARE COLLECTIVELY REFERRED TO HEREIN AS THE UNIVERSITY. ALL SIGNIFICANT INTER-ENTITY TRANSACTIONS AND BALANCES HAVE BEEN ELIMINATED IN CONSOLIDATION. Brown University Research Foundation c/o Brown University Controllers O Providence RI 02912 050390989 Support Brown RI 501(c)(3) 11d BROWN true John Nicholas Brown Center c/o Brown University Controllers O Providence RI 02912 222506553 Support Brown RI 501(c)(3) 11a BROWN true Farview Inc c/o Brown University Controllers O Providence RI 02912 222665046 Support Brown RI 501(c)(2) n/a BROWN true Brown Faculty Club One Magee Street Providence RI 02712 510192393 Support Brown RI 501(c)(7) n/a BROWN true KARING 110 S MAIN STREET PROVIDENCE RI 02912 272862779 SUPPORT BROWN RI 501(c)(4) N/A BROWN true CHARITABLE GIFT ANNUITY FUND (2) SUPPORT MA NA TRUST true CHARITABLE REMAINDER ANNUITY TRUST (8) SUPPORT RI NA TRUST true CHARITABLE REMAINDER UNITRUST (82) SUPPORT MA NA TRUST true POOLED INCOME (5) SUPPORT RI NA TRUST true false false false false false false false false false false false false true true false true false false KARING Q 1322044 COST SCHEDULE R, PART IV, LINE 1 TRUSTS ARE DOMICILED IN MASSACHUSETTS. SCHEDULE R, PART IV, LINE 3 TRUSTS ARE DOMICILED IN MASSACHUSETTS. SCHEDULE R, PART V, LINE 1N & 1O FOR BROWN UNIVERSITY RESEARCH FOUNDATION, JOHN NICHOLAS BROWN CENTER, FAIRVIEW, AND THE BROWN FACULTY CLUB - THE EXPENSES FOR THESE RELATED ORGANIZATIONS ARE PAID DIRECTLY BY BROWN UNIVERSITY. THERE IS NO REIMBURSEMENT PAID BY ANY OF THESE RELATED ORGANIZATIONS TO BROWN UNIVERSITY. SCHEDULE R, PART V, LINE 1Q KARING REIMBURSED BROWN FOR EXPENSES RELATED TO CONSTRUCTION WHICH BROWN PAID DURING THE FISCAL YEAR ENDED 6/30/13. THE AMOUNTS REIMBURSED WERE BASED UPON COST OF CONSTRUCTION PAID BY BROWN UNIVERSITY.