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    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section A, line 7a</ReturnReference>
        <Explanation>The board of Rice University EIN 74-1109620, a related organization, elects or appoints all the members of the governing body.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section A, line 8b</ReturnReference>
        <Explanation>The governing body has the authority to create committees, but they have not done so as of June 30, 2013.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section B, line 11</ReturnReference>
        <Explanation>The form is prepared by staff in the Controller's Office of Rice University EIN 74-1109620. It is reviewed by CCR officers, the Controller of Rice University, and PWC staff prior to filing.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section B, line 12c</ReturnReference>
        <Explanation>The General Counsel of Rice University EIN 74-1109620 circulates the COI policy and form to the officers and directors of CCR and reports the results to the CCR Board on an annual basis.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section B, line 15</ReturnReference>
        <Explanation>Board members who are also trustees of Rice University EIN 74-1109620 receive no compensation. CCR has no employees, and all services for CCR are performed by the employees of Rice University. Compensation for those individuals who are board members or officers of CCR and officers of Rice University is determined according to procedures set by the Compensation and Organizational Development Committee (CORD) of the Board of Trustees of Rice University whose deliberations and decisions are contemporaneously documented. The compensation for those individuals who are officers of CCR but not officers of Rice University is set in accordance with university salary administration guidelines.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section C, line 19</ReturnReference>
        <Explanation>Form 990 is available upon request. CCR does not produce separate audited financial statements. The consolidated financial statements of Rice University EIN 74-1109620, which includes CCR, are available on its website. The articles of incorporation are filed with the state and are publicly available. Rice University's subsidiaries follow the University's conflict of interest policy which is available on the University's website.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Changes in Net Assets or Fund Balances:</Identifier>
        <ReturnReference>Form 990, Part XI, line 9:</ReturnReference>
        <Explanation>Rice University provided additional paid in capital at June 30, 2013 to CCR 4799760.</Explanation>
      </GeneralExplanation>
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