VILLANOVA UNIVERSITY: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: VILLANOVA UNIVERSITY (EIN 23-1352688)
Tax period: 2011-06-01 to 2012-05-31
Filed: 2013-04-15
IRS object ID: 201301059349300025
Schema version: 2011v1.5
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-04-15T13:02:40-05:00	Timestamp
Tax Period End Date	2012-05-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PricewaterhouseCoopers LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	2001 MARKET ST SUITE 1700	AddressLine1
City	PHILADELPHIA	City
State	PA	State
ZIP Code	19103	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-06-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	231352688	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	VILLANOVA UNIVERSITY	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of Name	% KENNETH G VALOSKY VP ADMIN &	InCareOfName
Name Control	VILL	NameControl
Phone	6105194532	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	800 LANCASTER AVENUE	AddressLine1
City	VILLANOVA	City
State	PA	State
ZIP Code	190851676	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	KENNETH G VALOSKY	Name
Title	VP ADMIN & FINANCE	Title
Date Signed	2013-04-12	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Phone	2673303000	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	KENNETH G VALOSKY	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	VILLANOVA UNIVERSITY	AddressLine1
City	VILLANOVA	City
State	PA	State
ZIP Code	19085	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	576025369	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	www.villanova.edu	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1848	YearFormation
State Legal Domicile	PA	StateLegalDomicile
Activity Or Mission Description	See Attachment 1	ActivityOrMissionDescription
Nbr Voting Members Governing Body	34	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	31	NbrIndependentVotingMembers
Total Nbr Employees	6592	TotalNbrEmployees
Total Nbr Volunteers	10118	TotalNbrVolunteers
Total Gross UBI	7324089	TotalGrossUBI
Contributions Grants Prior Year	36065972	ContributionsGrantsPriorYear
Contributions Grants Current Year	35894400	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	406758215	ProgramServiceRevenuePriorYear
Program Service Revenue CY	417327846	ProgramServiceRevenueCY
Investment Income Prior Year	15913665	InvestmentIncomePriorYear
Investment Income Current Year	16825925	InvestmentIncomeCurrentYear
Other Revenue Prior Year	17889387	OtherRevenuePriorYear
Other Revenue Current Year	16701667	OtherRevenueCurrentYear
Total Revenue Prior Year	476627239	TotalRevenuePriorYear
Total Revenue Current Year	486749838	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	88917265	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	98465422	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	211472101	SalariesEtcPriorYear
Salaries Etc Current Year	219437389	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	889981	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	554259	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	11056431	TotalFundrsngExpCurrentYear
Other Expense Prior Year	133378646	OtherExpensePriorYear
Other Expenses Current Year	133065495	OtherExpensesCurrentYear
Total Expenses Prior Year	434657993	TotalExpensesPriorYear
Total Expenses Current Year	451522565	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	41969246	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	35227273	RevenuesLessExpensesCY
Total Assets BOY	914283511	TotalAssetsBOY
Total Assets EOY	904722414	TotalAssetsEOY
Total Liabilities BOY	280540896	TotalLiabilitiesBOY
Total Liabilities EOY	285546348	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	633742615	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	619176066	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	VILLANOVA 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 Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	149914392	Expense
Revenue	344381598	Revenue
Description	Instruction: In the Fall Semester of 2012, the University had enrolled 6,448 full-time equivalent undergraduate students and 3,029 full-time equivalent graduate students in a variety of programs.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	90517739	Expense
Grants	90517739	Grants
Description	Scholarship and Fellowships: A significant amount of financial assistance is provided to enable qualified students to study at the University. A total of 4,388 students received financial assistance from the University during Fiscal Year 2012.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	46345780	Expense
Grants	2113080	Grants
Revenue	11794055	Revenue
Description	Student 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

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	142714416	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	5999201	TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev	71041044	TotalOfOtherProgramServiceRev
Total Program Service Expense	429492327	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	true	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	true	ForeignOffice
Foreign Activities	true	ForeignActivities
More Than5000 K To Organizations	true	MoreThan5000KToOrganizations
More Than5000 K To Individuals	true	MoreThan5000KToIndividuals
Professional Fundraising	true	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	true	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	true	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	true	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	true	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	true	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	true	RelatedOrgControlledEntity
Transaction Related Entity	true	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	689	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	6592	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	true	QuidProQuoContributions
Quid Pro Quo Disclosure	true	QuidProQuoDisclosure
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	34	NbrVotingGoverningBodyMembers
Number Independent Voting Members	31	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	AK	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	AZ	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	CO	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	KY	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	ME	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	MD	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	MA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	MI	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	NH	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	NY	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	OH	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	OK	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	OR	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	PA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	VA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	WA	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	KENNETH G VALOSKY VP ADMIN	NamePerson
Telephone Number	6105194532	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	FINANCE 800 LANCASTER AVE	AddressLine1
City	VILLANOVA	City
State	PA	State
ZIP Code	19085	ZIPCode

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	X	InfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (62 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee	FormerFormer
REV PETER M DONOHUE OSA
PRESIDENT/TRUSTEE	35.0	X	X	0	0	0
MR RICHARD P BRENNAN
TRUSTEE AS REQUIRED	1.0	X		0	0	0
KIMBLE A BYRD ESQ
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR JAMES D DANELLA
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR JAMES C DAVIS
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MS DENISE L DEVINE
TRUSTEE AS REQUIERED	1.0	X		0	0	0
NANCE K DICCIANI PHD
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR DANIEL M DILELLA
TRUSTEE AS REQUIRED	1.0	X		0	0	0
REV RAYMOND F DLUGOS OSA
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR PETER L FONG
TRUSTEE AS REQUIRED	1.0	X		0	0	0
DARRYL J FORD PHD
TRUSTEE AS REQUIRED	1.0	X		0	0	0
REV PAUL W GALETTO OSA
TRUSTEE AS REQUIRED	1.0	X		0	0	0
VERY REV ANTHONY M GENOVESEOSA
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR WILLIAM M GIBSON
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR JUSTIN G GMELICH
TRUSTEE AS REQUIRED	1.0	X		0	0	0
HELEN M HORSTMANN MD
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MS PATRICIA H IMBESI
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR JOHN P JONES III
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MS CATHERINE M KEATING
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MS SHEILA F KLEHM
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR PATRICK G LEPORE
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR LEONARD J LOBIONDO
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MS ANNE WELSH MCNULTY
TRUSTEE AS REQUIRED	1.0	X		0	0	0
REV KEVIN C MULLINS OSA
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR THOMAS M MULROY
TRUSTEE AS REQUIRED	1.0	X		0	0	0
REV JOSEPH L NAROG OSA
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MARY D NAYLOR PHD RN
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR JAMES V O'DONNELL
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR JAMES F ORR III
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR TERENCE M O'TOOLE
TRUSTEE AS REQUIRED	1.0	X		0	0	0
REV JAMES D PARADIS OSA
TRUSTEE AS REQUIRED	1.0	X		0	0	0
VERY REV BERNARD C SCIANNA OSA
TRUSTEE AS REQUIRED	1.0	X		0	0	0
BR ROBERT THORNTON OSA PSYD
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR JOSEPH V TOPPER JR
TRUSTEE AS REQUIRED	1.0	X		0	0	0
PAUL A TUFANO ESQ
TRUSTEE AS REQUIRED	1.0	X		0	0	0
REV LUIS A VERA OSA
TRUSTEE AS REQUIRED	1.0	X		0	0	0
REV T SHAWN TRACY OSA
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR EDWARD J WELSH
TRUSTEE AS REQUIRED	1.0	X		0	0	0
MR MICHAEL J O'NEILL
VP FOR UNIVERSITY ADVANCEMENT	35.0		X	312174	0	35161
MR KENNETH G VALOSKY
VP FOR ADMIN AND FINANCE	35.0		X	304256	0	117736
MR STEPHEN W FUGALE
VP FOR TECHNOLOGY & CIO	35.0		X	264198	0	34392
MS DOROTHY A MALLOY ESQ
VP AND GENERAL COUNSEL	35.0		X	248785	0	36659
MS ANN DIEBOLD
VP UNIVERSITY COMMUNICATION	35.0		X	232300	0	25962
BARBARA WALL PHD
VP FOR MISSION AND MINISTRY	35.0		X	169004	0	22769
REV KAIL C ELLIS OSA PHD
VP ACADEMIC AFFAIRS	35.0		X	0	0	0
REV JOHN P STACK OSA
VP STUDENT LIFE	35.0		X	0	0	0
MR JOHN Y GOTANDA ESQ
DEAN, SCHOOL OF LAW	35.0			286348	0	37927	X
MR KEVIN D CLARK
INTERIM DEAN, BUSINESS SCHOOL	35.0			278117	0	50795	X
MR JAMES M DANKO
DEAN, BUSINESS SCHOOL	35.0			221314	0	25690	X
GARY A GABRIELE PHD
DEAN, ENGINEERING	35.0			208651	0	32563	X
MR ROBERT H MORRO
ASSOC VP, FACILITIES MGMT	35.0			166275	0	47663	X
MR JOHN A DOODY
INTERIM DEAN, A&S	35.0			161089	0	22140	X
MS ELLEN C LACORTE EDD
ASSOC VP, HR/AFFRM ACT OFFICER	35.0			160883	0	24779	X
MR FREDERICK C SIEBER
ASSOC VP, AUXILIARY SERVICES	35.0			156013	0	21632	X
MR JEROLD T WRIGHT
COACH, MEN'S BASKETBALL	35.0			2451265	0	38067		X
MR ANDREW J TALLEY
COACH, FOOTBALL	35.0			274666	0	32217		X
MR RONALD P HILL
PROFESSOR	35.0			252930	0	31533		X
MR PATRICK M BRENNAN ESQ
PROF OF LAW &JOHN SCARPA CHAIR	35.0			251229	0	29202		X
MR JOHN A PEARCE
PROFESSOR	35.0			248834	0	31471		X
MS DORIS D BROGAN ESQ
PROFESSOR OF LAW	35.0			199757	0	34567			X
HELEN R LAFFERTY PHD
COLLEGE OF PROF IN LIBERL A&S	35.0			186477	0	24919			X
JOHN R JOHANNES PHD
PROFESSOR	35.0			183299	0	29156			X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	7217864	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	787000	TotalOtherCompensation
Number Individuals GT100 K	318	NumberIndividualsGT100K
Formers Listed	true	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
TORCON INC
328 NEWMAN SPRINGS RD	RED BANK	NJ	07701	CONTRACTING	6310403
GILBANE BUILDING CO
7 JACKSON WALKWAY	PROVIDENCE	RI	02903	CONTRACTING	3993623
WEST CHESTER MECHANICAL
201 FULTON ST	CHESTER	PA	19013	CONTRACTING	1681838
HOWELL PARTNERS LLC
336 KING OF PRUSSIA RD	ST DAVIDS	PA	19087	MARKETING COMMUNIC	1321208
RC COMPANY INC
12 WEST CENTRAL AVENUE	PAOLI	PA	19301	CONTRACTING	986791

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	55	NumberOfContractorsGT100K
Fundraising Events	99668	FundraisingEvents
Government Grants	7392314	GovernmentGrants
All Other Contributions	28402418	AllOtherContributions
Noncash Contributions	1187182	NoncashContributions
Total Contributions	35894400	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
TUITION & FEES	900099	349229313	349229313
SALES & SERVICES, AUXILIARY ENTERPRISES	721000	68098533	62811257	5287276

Field	Value	IRS element (for citing)
Total Program Service Revenue	417327846	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2920257	TotalRevenueColumn
Unrelated Business Revenue	917390	UnrelatedBusinessRevenue
Exclusion	$2,002,867	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	406117	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	406117	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	406117	TotalRevenueColumn
Exclusion	$406,117	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	103063286	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	89157618	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	13905668	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	13905668	TotalRevenueColumn
Exclusion	$13,905,668	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	117913	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	99668	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	117913	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
BELLE AIR YEARBOOK	541800	77110	67360	9750
OUTSIDE USE OF ATHLETIC FACILITY	721000	406587		406587
ATHLETICS	541800	11741955	11053206	688749

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	4069898	TotalRevenueColumn
Related Or Exempt Function Income	4055561	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	14337	UnrelatedBusinessRevenue

Field	Value	IRS element (for citing)
Total Other Revenue	16295550	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	486749838	TotalRevenueColumn
Related Or Exempt Function Income	427216697	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	7324089	UnrelatedBusinessRevenue
Exclusion	$16,314,652	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	70201	Total
Program Services	70201	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	90517739	Total
Program Services	90517739	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	7877482	Total
Program Services	7877482	ProgramServices

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	2754552	Total
Program Services	899226	ProgramServices
Management And General	1538721	ManagementAndGeneral
Fundraising	316605	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	167301159	Total
Program Services	160193231	ProgramServices
Management And General	2259394	ManagementAndGeneral
Fundraising	4848534	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	11066422	Total
Program Services	10483137	ProgramServices
Management And General	247162	ManagementAndGeneral
Fundraising	336123	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	27338922	Total
Program Services	25848603	ProgramServices
Management And General	610602	ManagementAndGeneral
Fundraising	879717	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	10976334	Total
Program Services	10397797	ProgramServices
Management And General	245150	ManagementAndGeneral
Fundraising	333387	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	3707663	Total
Program Services	3223023	ProgramServices
Management And General	484640	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	474776	Total
Program Services	12375	ProgramServices
Management And General	462401	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	278744	Total
Program Services	8651	ProgramServices
Management And General	270093	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	554259	Total
Fundraising	554259	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	2091762	Total
Program Services	2029667	ProgramServices
Management And General	62095	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	16350723	Total
Program Services	15451308	ProgramServices
Management And General	214808	ManagementAndGeneral
Fundraising	684607	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	10533178	Total
Program Services	10375180	ProgramServices
Management And General	157998	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	7922064	Total
Program Services	7724012	ProgramServices
Management And General	118831	ManagementAndGeneral
Fundraising	79221	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	8572908	Total
Program Services	6925437	ProgramServices
Management And General	18077	ManagementAndGeneral
Fundraising	1629394	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	4304324	Total
Program Services	4063337	ProgramServices
Management And General	21010	ManagementAndGeneral
Fundraising	219977	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	8212224	Total
Program Services	8006919	ProgramServices
Management And General	123183	ManagementAndGeneral
Fundraising	82122	Fundraising

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	17897374	Total
Program Services	17449939	ProgramServices
Management And General	268461	ManagementAndGeneral
Fundraising	178974	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1365634	Total
Program Services	191523	ProgramServices
Management And General	1174111	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
PURCHASED SERVICES	18606837	18499738	99118	7981
FOOD PURCHASES	13016571	13016571
BOOKSTORE PURCHASES
LIBRARY BOOKS & SUBSCRIPTIONS	5444698	5444698

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	14286015	Total
Program Services	10782533	ProgramServices
Management And General	2597952	ManagementAndGeneral
Fundraising	905530	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	451522565	Total
Program Services	429492327	ProgramServices
Management And General	10973807	ManagementAndGeneral
Fundraising	11056431	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1698106	BOY
EOY	3278108	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	143889355	BOY
EOY	148398885	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	18360957	BOY
EOY	18604320	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	9313858	BOY
EOY	6911618	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	11909798	BOY
EOY	12220589	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	1944662	BOY
EOY	2304871	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	5738535	BOY
EOY	4637808	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	594639463	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	254546484	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	335205034	BOY
EOY	340092979	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	279140680	BOY
EOY	274198139	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	99694721	BOY
EOY	86459392	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	616651	BOY
EOY	590132	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	6771154	BOY
EOY	7025573	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	914283511	BOY
EOY	904722414	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	54805215	BOY
EOY	61134757	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	2075766	BOY
EOY	1144406	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	10891351	BOY
EOY	12906413	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	191071163	BOY
EOY	182884530	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	550000	BOY
EOY	490000	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	21147401	BOY
EOY	26986242	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	280540896	BOY
EOY	285546348	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	368464392	BOY
EOY	362325921	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	108638433	BOY
EOY	92176463	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	156639790	BOY
EOY	164673682	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	633742615	BOY
EOY	619176066	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	914283511	BOY
EOY	904722414	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	35227273	ReconcilationRevenueExpenses
Reconcilation Other Changes	-49793822	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Art Public Exhibition Amts ArtPublicExhibitionAmts

Field	Value	IRS element (for citing)
Assets In Part X	2289745	AssetsInPartX

Field	Value	IRS element (for citing)
Held Works Of Art Amts		HeldWorksOfArtAmts
Collect Used For Public Exhibition	X	CollectUsedForPublicExhibition
Collect Used For Preservation	X	CollectUsedForPreservation
Collect Used For Loan Or Exch Prgrms	X	CollectUsedForLoanOrExchPrgrms
Solicited Assets For Sale	false	SolicitedAssetsForSale

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	375061000	BeginningOfYearBalance
Contributions	19993000	Contributions
Investment Earnings Or Losses	-21152000	InvestmentEarningsOrLosses
Grants Or Scholarships	3368883	GrantsOrScholarships
Other Expenditures	11632117	OtherExpenditures
Administrative Expenses	1879000	AdministrativeExpenses
End Of Year Balance	357022000	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	302537000	BeginningOfYearBalance
Contributions	23804000	Contributions
Investment Earnings Or Losses	65461000	InvestmentEarningsOrLosses
Grants Or Scholarships	3739856	GrantsOrScholarships
Other Expenditures	11246144	OtherExpenditures
Administrative Expenses	1755000	AdministrativeExpenses
End Of Year Balance	375061000	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	265715000	BeginningOfYearBalance
Contributions	22988000	Contributions
Investment Earnings Or Losses	31717000	InvestmentEarningsOrLosses
Grants Or Scholarships	3498691	GrantsOrScholarships
Other Expenditures	12039309	OtherExpenditures
Administrative Expenses	2345000	AdministrativeExpenses
End Of Year Balance	302537000	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	355255000	BeginningOfYearBalance
Contributions	20118000	Contributions
Investment Earnings Or Losses	-92380000	InvestmentEarningsOrLosses
Grants Or Scholarships	3113210	GrantsOrScholarships
Other Expenditures	11392790	OtherExpenditures
Administrative Expenses	2772000	AdministrativeExpenses
End Of Year Balance	265715000	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.46000	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.54000	PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	27030651	OtherCostOrOtherBasis
Book Value	27030651	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	496095312	OtherCostOrOtherBasis
Depreciation	214704417	Depreciation
Book Value	281390895	BookValue

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovements

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	52821248	OtherCostOrOtherBasis
Depreciation	39842068	Depreciation
Book Value	12979180	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	18692253	OtherCostOrOtherBasis
Book Value	18692253	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	340092979	TotalOfBookValueLandBuildings
Financial Derivatives		FinancialDerivatives
Closely Held Equity Interests		CloselyHeldEquityInterests

Other Securities OtherSecurities (6 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
HEDGE FUNDS	48636549	F
PRIVATE EQUITY	18993545	F
VENTURE CAPITAL	10098562	F
INFLATION HEDGING	6871601	F
REAL ESTATE	1746128	F
DEPOSITS WITH BOND TRUSTEES	113007	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	86459392	TotalOfBookValueSecurities
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
DEPOSITS BY STUDENTS	$2,267,768
ACCRUED PENSION LIABILITIES	$16,506,969
REFUNDABLE GOVERNMENT LOANS	$8,211,505

Field	Value	IRS element (for citing)
Total Of Amounts	26986242	TotalOfAmounts
Total Revenue	486749838	TotalRevenue
Total Expenses	451522565	TotalExpenses
Excess Or Deficit For Year	35227273	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-39751421	NetUnrealizedGLOnInvestments
Other	-$10,042,401	OtherAmount
Total Adjustments	-49793822	TotalAdjustments
Excess Or Deficit Per FS	-14566549	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	356468187	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-39751421	NetUnrealizedGainsInvestments
Other Revenues	776918	OtherRevenues
Revenue Not Rptd F990	-38974503	RevenueNotRptdF990
Revenue Subtotal	395442690	RevenueSubtotal
Other Revenues Not Included	91307148	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	91307148	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	486749838	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	361004826	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	361004826	ExpensesSubtotal
Other Expenses Not Included	90517739	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	90517739	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	451522565	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	PART III, LINE 4	Identifier
Explanation	The 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 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 8 Adjustment for Pension Plan Liability ($10,027,134) Book tax difference with respect to partnership investment ($12,491) Rounding adjustment ($2,776) Total adjustment per part XI Line 8 ($10,042,401) PART XII, LINE 2D BOOK INCOME FROM ALDWYN LANE L.P. $776,918 PART XII, LINE 4B STUDENT FINANCIAL AID $90,517,739 TAXABLE INCOME FROM ALDWYN LANE L.P. $789,409 PART XIII, LINE 4B STUDENT FINANCIAL AID $90,517,739	Explanation

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	PART I LINE 3	Identifier
Explanation	THE 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

Field	Value	IRS element (for citing)
Grant Records Maintained	true	GrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (11 entries)

RegionRegion	Number Of EmployeesNumberOfEmployees	Type Of Activities ConductedTypeOfActivitiesConducted	Specific Services ProvidedSpecificServicesProvided	Total ExpendituresTotalExpenditures
Central America and the Caribbean	16	Program Services	Intl Study/CmpMn/FA	359066
South America	23	Program Services	IntlStudy/CMPMN/FA	547837
Sub-Saharan Africa	22	Program Services	IntlStudy/FinancialAid	532069
East Asia and the Pacific	71	Program Services	IntlStudy/CmpMn/FA/Res	1579776
Europe (Including Iceland and Greenland)	199	Program Services	IntlStudy/FinancialAid	3749487
Middle East and North Africa	29	Program Services	IntlStudy/FinancialAid	515660
North America	10	Program Services	FinancialAid/Research	178005
Russia and the Newly Independent States	4	Program Services	IntlStudy/FinancialAid	86857
South Asia	29	Program Services	Financial Aid	328725
Central America and the Caribbean		Investments		61196832
East Asia and the Pacific		Investments		280457

Field	Value	IRS element (for citing)
Subtotal Number Of Employees	403	SubtotalNumberOfEmployees
Total Number Of Employees	403	TotalNumberOfEmployees
Subtotal Amount Spent	69354771	SubtotalAmountSpent
Total Amount Spent	69354771	TotalAmountSpent

Grants To Orgs Outside US GrantsToOrgsOutsideUS (47 entries)

RegionRegion	Purpose Of GrantPurposeOfGrant	Amount Of Cash GrantAmountOfCashGrant	Manner Of Cash DisbursementMannerOfCashDisbursement	Description Of Non Cash AssistanceDescriptionOfNonCashAssistance	Method Of ValuationMethodOfValuation
Europe/Iceland/Greenland	Excursion	8128	WIRE TRNSFR	N/A	N/A
East Asia/Pacific	Tuition/Excursion	11025	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition/Excursion	30975	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition/Housing	82104	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	57277	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland		11173	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	22685	WIRE TRNSF	N/A	N/A
Europe/Iceland/Greenland	Housing	12063	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition/Housing	24700	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	9900	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition/Housing	151700	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Travel Agency	56126	CHECK	N/A	N/A
Europe/Iceland/Greenland	Travel Agency	10160	CHECK	N/A	N/A
Europe/Iceland/Greenland	Transportation	6015	WIRE TRNSFR	N/A	N/A
South America	Tuition/Housing	78221	CHECK	N/A	N/A
Europe/Iceland/Greenland	Tuition/Excursion	102209	WIRE TRNSFR	N/A	N/A
Cent. America/Caribbean	Advisor/Guide Fees	6264	CK/WIRE/CASH	N/A	N/A
Middle East/North Africa	Tuition/Housing	33423	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Instructors	25937	CHECK	N/A	N/A
Europe/Iceland/Greenland	Transportation	9289	WIRE TRNSFR	N/A	N/A
Middle East/North Africa	RECEPTION	46619	CREDIT CARD	N/A	N/A
East Asia/Pacific	Housing/Transportation	68876	WIRE TRNSFR	N/A	N/A
Cent. America/Caribbean	Research Support	11300	WIRE TRNSFR	N/A	N/A
Cent. America/Caribbean	Research Support	7290	WIRE TRNSFR	N/A	N/A
East Asia/Pacific	Tuition	104436	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	8500	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	47772	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	25668	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	100709	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	35805	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	14615	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	40121	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	15427	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	24400	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	10700	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	47084	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Housing	6275	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	105325	WIRE TRNSFR	N/A	N/A
East Asia/Pacific	Tuition	60000	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	5293	WIRE TRNSFR	N/A	N/A
East Asia/Pacific	Tuition	13002	WIRE TRNSFR	N/A	N/A
East Asia/Pacific	Tuition	11147	WIRE TRNSFR	N/A	N/A
East Asia/Pacific	Tuition	15523	WIRE TRNSFR	N/A	N/A
East Asia/Pacific	Tuition	17486	WIRE TRNSFR	N/A	N/A
East Asia/Pacific	Tuition	9415	WIRE TRNSFR	N/A	N/A
Europe/Iceland/Greenland	Tuition	19110	WIRE TRNSFR	N/A	N/A
Cent. America/Caribbean	Tuition	16650	WIRE TRNSFR	N/A	N/A

Field	Value	IRS element (for citing)
Total Number Of Other Orgs	47	TotalNumberOfOtherOrgs

Grants To Ind Outside US GrantsToIndOutsideUS (27 entries)

Type Of AssistanceTypeOfAssistance	RegionRegion	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Manner Of Cash DisbursementMannerOfCashDisbursement	Description Of Non Cash AssistanceDescriptionOfNonCashAssistance	Method Of ValuationMethodOfValuation
Faculty Adv/Per Diem for Program Exp	Europe/Iceland/Greenland	1	11686	DIRECT DEPOS	N/A	N/A
On-Site Coordinator Fees	Europe/Iceland/Greenland	1	49848	WIRE TRNSFR	N/A	N/A
Faculty Adv/Per Diem for Program Exp	East Asia/Pacific	1	34654	DIRECT DEPOS	N/A	N/A
Faculty Adv/Per Diem for Program Exp	Europe/Iceland/Greenland	1	6392	DIRECT DEPOS	N/A	N/A
Faculty Adv/Per Diem for Program Exp	Europe/Iceland/Greenland	2	22015	DIRECT DEPOS	N/A	N/A
Faculty Adv/Per Diem for Program Exp	Europe/Iceland/Greenland	1	45168	DIRECT DEPOS	N/A	N/A
Faculty Adv/Per Diem for Program Exp	Europe/Iceland/Greenland	2	33547	DIRECT DEPOS	N/A	N/A
Faculty Adv/Per Diem for Program Exp	Russia	1	21467	DIRECT DEPOS	N/A	N/A
Faculty Adv/Per Diem for Program Exp	Europe/Iceland/Greenland	1	6098	DIRECT DEPOS	N/A	N/A
Faculty Adv/Per Diem for Program Exp	Europe/Iceland/Greenland	1	15583	WIRE TRNSFR	N/A	N/A
Faculty Adv/Per Diem for Program Exp	South America	2	22238	DIRECT DEPOS	N/A	N/A
Faculty Adv/Per Diem for Program Exp	Europe/Iceland/Greenland	1	11967	DIRECT DEPOS	N/A	N/A
Faculty Adv/Per Diem for Program Exp	Europe/Iceland/Greenland	1	7901	DIRECT DEPOS	N/A	N/A
Faculty Adv/Per Diem for Program Exp	Europe/Iceland/Greenland	2	13901	DIRECT DEPOS	N/A	N/A
Excursions and On-Site Coordinator Fees	Europe/Iceland/Greenland	1	5000	WIRE TRNSFR	N/A	N/A
Faculty Adv/Per Diem for Program Exp	Middle East/North Africa	1	17122	DIRECT DEPOS	N/A	N/A
Tuition and Excurions	East Asia/Pacific	1	6000	WIRE TRNSFR	N/A	N/A
Financial Aid	Cent. America/Caribbean	12	307205	DIRECT DEPOS	N/A	N/A
Financial Aid	East Asia/Pacific	67	1210322	DIRECT DEPOS	N/A	N/A
Financial Aid	Europe/Iceland/Greenland	177	2238589	DIRECT DEPOS	N/A	N/A
Financial Aid	Middle East/North Africa	26	413176	DIRECT DEPOS	N/A	N/A
Financial Aid	North America	6	161205	DIRECT DEPOS	N/A	N/A
Financial Aid	Russia	3	65390	DIRECT DEPOS	N/A	N/A
Financial Aid	South America	21	440688	DIRECT DEPOS	N/A	N/A
Financial Aid	South Asia	29	328725	DIRECT DEPOS	N/A	N/A
Financial Aid	Sub-Saharan Africa	22	531981	DIRECT DEPOS	N/A	N/A
On-Site Language Instruction	Europe/Iceland/Greenland	3	110202	WIRE TRNSFR	n/a	n/a

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	false	TransferToForeignCorp
Interest In Foreign Trust	false	InterestInForeignTrust
Own Foreign Corp	false	OwnForeignCorp
Passive Foreign Invest Co	true	PassiveForeignInvestCo
Foreign Partnership	false	ForeignPartnership
Boycott Countries	false	BoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV

Field	Value	IRS element (for citing)
Identifier	PART I LINE 2	Identifier
Explanation	ANY 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

Field	Value	IRS element (for citing)
Mail Solicitations	X	MailSolicitations
Email Solicitations	X	EmailSolicitations
Phone Solicitations	X	PhoneSolicitations
In Person Solicitations	X	InPersonSolicitations
Solicitation Of Non Govt Grants	X	SolicitationOfNonGovtGrants
Solicitation Of Govt Grants	X	SolicitationOfGovtGrants
Special Fundraising Events	X	SpecialFundraisingEvents
Agreement Ref Fundraising	true	AgreementRefFundraising

Fundraiser Activity Information FundraiserActivityInformation (2 entries)

Name Of IndividualNameOfIndividual	ActivityActivity	Fundraiser Control Of FundsFundraiserControlOfFunds	Amount Retained By ContractorAmountRetainedByContractor	Net To OrganizationNetToOrganization	Gross ReceiptsGrossReceipts
Grenzebach Glier Assoc	Consulting/ Planning	false	104368	-104368
RUFFALO CODY ASSOCIATES	TELEMARKET SERVICES	false	379187	406533	785720

Field	Value	IRS element (for citing)
Total Gross Receipts	785720	TotalGrossReceipts
Total Retained By Contractors	483555	TotalRetainedByContractors
Total Net To Organization	302165	TotalNetToOrganization
Licensed States	AL	LicensedStates
Licensed States	AK	LicensedStates
Licensed States	AZ	LicensedStates
Licensed States	AR	LicensedStates
Licensed States	CA	LicensedStates
Licensed States	CO	LicensedStates
Licensed States	CT	LicensedStates
Licensed States	DC	LicensedStates
Licensed States	FL	LicensedStates
Licensed States	GA	LicensedStates
Licensed States	HI	LicensedStates
Licensed States	IL	LicensedStates
Licensed States	KS	LicensedStates
Licensed States	KY	LicensedStates
Licensed States	LA	LicensedStates
Licensed States	ME	LicensedStates
Licensed States	MD	LicensedStates
Licensed States	MA	LicensedStates
Licensed States	MI	LicensedStates
Licensed States	MN	LicensedStates
Licensed States	MS	LicensedStates
Licensed States	MO	LicensedStates
Licensed States	MT	LicensedStates
Licensed States	NH	LicensedStates
Licensed States	NJ	LicensedStates
Licensed States	NM	LicensedStates
Licensed States	NY	LicensedStates
Licensed States	NC	LicensedStates
Licensed States	ND	LicensedStates
Licensed States	OH	LicensedStates
Licensed States	OK	LicensedStates
Licensed States	OR	LicensedStates
Licensed States	PA	LicensedStates
Licensed States	RI	LicensedStates
Licensed States	SC	LicensedStates
Licensed States	TN	LicensedStates
Licensed States	UT	LicensedStates
Licensed States	VA	LicensedStates
Licensed States	WA	LicensedStates
Licensed States	WV	LicensedStates
Licensed States	WI	LicensedStates

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	MBB DINNER	NameOfEvent1
Gross Receipts Event1	71000	GrossReceiptsEvent1
Charitable Contributions Event1	38000	CharitableContributionsEvent1
Gross Revenue Event1	33000	GrossRevenueEvent1
Food And Beverage Event1	33000	FoodAndBeverageEvent1
Name Of Event2	GOLF OUTING	NameOfEvent2
Gross Receipts Event2	30270	GrossReceiptsEvent2
Charitable Contributions Event2	12092	CharitableContributionsEvent2
Gross Revenue Event2	18178	GrossRevenueEvent2
Other Direct Expenses Event2	18178	OtherDirectExpensesEvent2
Total Number Of Other Events	6	TotalNumberOfOtherEvents
Gross Receipts Other Events	116311	GrossReceiptsOtherEvents
Charitable Contrib Other Events	49576	CharitableContribOtherEvents
Gross Revenue Other Events	66735	GrossRevenueOtherEvents
Other Direct Expenses Other Events	66735	OtherDirectExpensesOtherEvents
Gross Receipts Total	217581	GrossReceiptsTotal
Charitable Contributions Total	99668	CharitableContributionsTotal
Gross Revenue Total Events	117913	GrossRevenueTotalEvents
Food And Beverage Total Events	33000	FoodAndBeverageTotalEvents
Other Direct Expenses Total Events	84913	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	117913	DirectExpenseSummaryEvents

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained
No Grant More Than5000	X	NoGrantMoreThan5000

Form990 Schedule I Part III Form990ScheduleIPartIII

Field	Value	IRS element (for citing)
Type Of Grant	FINANCIAL ASSISTANCE	TypeOfGrant
Number Of Recipients	4388	NumberOfRecipients
Amount Of Cash Grant	90517739	AmountOfCashGrant
Method Of Valuation	N/A	MethodOfValuation
Description Of Non Cash Assistance	N/A	DescriptionOfNonCashAssistance

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	Part 1 Line 2	Identifier
Explanation	A 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

Field	Value	IRS element (for citing)
First Class Or Charter Travel	X	FirstClassOrCharterTravel
Travel For Companions	X	TravelForCompanions
Club Dues Or Fees	X	ClubDuesOrFees
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (22 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
MR MICHAEL J O'NEILL
302606	0	0	0	9568	0	20826	0	14335	0	347335	0	0	0
MR KENNETH G VALOSKY
304256	0	0	0	0	0	24500	0	93236	0	421992	0	0	0
MR STEPHEN W FUGALE
264198	0	0	0	0	0	20825	0	13567	0	298590	0	0	0
MS DOROTHY A MALLOY ESQ
247385	0	0	0	1400	0	24500	0	12159	0	285444	0	0	0
MS ANN DIEBOLD
232300	0	0	0	0	0	20143	0	5819	0	258262	0	0	0
BARBARA WALL PHD
169004	0	0	0	0	0	17028	0	5741	0	191773	0	0	0
MR JOHN Y GOTANDA ESQ
286348	0	0	0	0	0	24500	0	13427	0	324275	0	0	0
MR KEVIN D CLARK
215884	0	0	0	62233	0	20248	0	30547	0	328912	0	0	0
MR JAMES M DANKO
221314	0	0	0	0	0	19174	0	6516	0	247004	0	0	0
GARY A GABRIELE PHD
208151	0	0	0	500	0	18368	0	14195	0	241214	0	0	0
MR ROBERT H MORRO
166275	0	0	0	0	0	14388	0	33275	0	213938	0	0	0
MR JOHN A DOODY
161089	0	0	0	0	0	16321	0	5819	0	183229	0	0	0
MS ELLEN C LACORTE EDD
160883	0	0	0	0	0	14088	0	10691	0	185662	0	0	0
MR FREDERICK C SIEBER
156013	0	0	0	0	0	15813	0	5819	0	177645	0	0	0
MR JEROLD T WRIGHT
2451265	0	0	0	0	0	24500	0	13567	0	2489332	0	0	0
MR ANDREW J TALLEY
211871	0	0	0	62795	0	21624	0	10593	0	306883	0	0	0
MR RONALD P HILL
202230	0	0	0	50700	0	17966	0	13567	0	284463	0	0	0
MR PATRICK M BRENNAN ESQ
216629	0	0	0	34600	0	19210	0	9992	0	280431	0	0	0
MR JOHN A PEARCE
206325		0	0	42509	0	21339	0	10132	0	280305	0	0	0
MS DORIS D BROGAN ESQ
199757	0	0	0	0	0	21000	0	13567	0	234324	0	0	0
HELEN R LAFFERTY PHD
186477	0	0	0	0	0	18865	0	6054	0	211396	0	0	0
JOHN R JOHANNES PHD
183299	0	0	0	0	0	18821	0	10335	0	212455	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	Part I, Line 1a	Identifier
Explanation	Villanova 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 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)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
DELAWARE COUNTY AUTHORITY
231973437	246008JT4	2003-07-24	42417561	REFUNDING OF 1993 SERIES BONDS	false	false	false
DELAWARE COUNTY AUTHORITY
231973437	246008KM7	2005-05-04	29694098	REFUNDING OF 1995 SERIES BONDS	false	false	false
DELAWARE COUNTY AUTHORITY
231973437	246008LH7	2006-04-03	52684804	CONSTRUCTION OF ACADEMIC BUILDING	false	false	false
DELAWARE COUNTY AUTHORITY
231973437	246008ME3	2010-01-07	83789762	REFUNDING OF 1999 A&B, 2001 & 2002	false	false	false

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Amount RetiredAmountRetired	Total ProceedsTotalProceeds	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Capital ExpendituresCapitalExpenditures	Other Spent ProceedsOtherSpentProceeds	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
13411410	42417561	905727	0	41511834	2003	true	false	true	true
7744191	29694098	697184	0	28996914	2005	true	false	true	true
4742111	52684804	1117881	51566923	0	2009	false	false	true	true
4487756	83789762	786380	0	83003382	2010	true	false	true	true

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs	Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Engage Bond Counsel ContractsEngageBondCounselContracts	Any Research AgreementsAnyResearchAgreements	Engage Bond Counsel ResearchEngageBondCounselResearch	Total Private Business UseTotalPrivateBusinessUse
0	true
0	true
0.00100	true	false	false	true	true	false	true	0.00100
0	true

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Business Name Line1NameOfGICProvider/BusinessNameLine1	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate	Term Of GICTermOfGIC	Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied
0
true	false	false	false	0	false	true
0
true	false	false	false	0	false	true
0
true	false	false	true	TRINITY PLUS FUNDING	false	false	2.	true
0
true	false	false	false	0	false

Field	Value	IRS element (for citing)
Fed Tax Requirements Compliance	X	FedTaxRequirementsCompliance

Form990 Schedule K Part VI Form990ScheduleKPartVI

Field	Value	IRS element (for citing)
Identifier	SEE SCHEDULE O	Identifier
Return Reference	0	ReturnReference

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (6 entries)

RelationshipRelationship	Amount Of TransactionAmountOfTransaction	Description Of TransactionDescriptionOfTransaction	Sharing Of RevenuesSharingOfRevenues
Independence Blue Cross
Trustee is Officer	14928010	SEE PART V	false
BPG Investment Partnership VIII L
Trustee is Princ,Ownr,CEO	1746128	SEE PART V	false
Michael Campbell Esq
Family of Trustee	61600	SEE PART V	false
Lisa Valosky
Family of Officer	115130	SEE PART V	false
Colleen Sheehan PHD
Family of Key Employee	83587	SEE PART V	false
Juliana Morro
Family of Key Employee	11067	SEE PART V	false

Form990 Schedule L Part V Form990ScheduleLPartV

Field	Value	IRS element (for citing)
Identifier	Part IV	Identifier
Explanation	PAUL 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 BPG PROPERTIES, LTD. THE UNIVERSITY IS A $2,588,240 INVESTOR AND A 0.471% LIMITED PARTNER IN BPG INVESTMENT PARTNERSHIP VIII, L.P. MICHAEL CAMPBELL, ESQ., MS. LISA VALOSKY, COLLEEN SHEEHAN, PH.D. AND JULIANA MORRO ARE EMPLOYEES OF THE UNIVERSITY AND RECEIVE COMPENSATION.	Explanation

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	5	NumberOfContributions
Noncash Contribs Rptd F990	98575	NoncashContribsRptdF990
Method Of Determining Revenues	Market Quotation	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Art Historical Treasures		ArtHistoricalTreasures
Art Fractional Interest		ArtFractionalInterest
Books And Publications		BooksAndPublications
Clothing And Household Goods		ClothingAndHouseholdGoods
Cars And Other Vehicles		CarsAndOtherVehicles
Boats And Planes		BoatsAndPlanes
Intellectual Property		IntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	35	NumberOfContributions
Noncash Contribs Rptd F990	1088607	NoncashContribsRptdF990
Method Of Determining Revenues	Market Quotation	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStock
Securities Prtnrshp Trust Intrsts		SecuritiesPrtnrshpTrustIntrsts
Securities Miscellaneous		SecuritiesMiscellaneous
Qualified Contrib Hist Struct		QualifiedContribHistStruct
Qualified Contrib Other		QualifiedContribOther
Real Estate Residential		RealEstateResidential
Real Estate Commercial		RealEstateCommercial
Real Estate Other		RealEstateOther
Collectibles		Collectibles
Food Inventory		FoodInventory
Drugs And Medical Supplies		DrugsAndMedicalSupplies
Taxidermy		Taxidermy
Historical Artifacts		HistoricalArtifacts
Scientific Specimens		ScientificSpecimens
Archaeological Artifacts		ArchaeologicalArtifacts
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	true	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation

Field	Value	IRS element (for citing)
Identifier	FORM 990, PART III, LINE 4D	Identifier
Return Reference	OTHER PROGRAM SERVICE EXPENSES	ReturnReference
Explanation	AUXILIARY ENTERPRISES EXPENSES: $66,295,132 GRANTS & ALLOCATIONS: $ 70,201 REVENUE: $80,146,989 ACADEMIC SUPPORT EXPENSES: $45,140,415 GRANTS & ALLOCATIONS: $ 5,697,281 REVENUE: $ 495,770 INSTITUTIONAL SUPPORT: EXPENSES: $24,322,348 GRANTS & ALLOCATIONS: $ 184,629 REVENUE: $(9,961,051) RESEARCH EXPENSES: $ 6,956,521 GRANTS & ALLOCATIONS: $ 47,090 REVENUE: $ 0 O&M OF PLANT EXPENSES: $ 0 GRANTS AND ALLOCATIONS:$ 0 REVENUE: $ 359,336 FORM 990, PART XI, LINE 5 ($10,027,134) - ADJUSTMENT FOR PENSION PLAN LIABILITY: ($39,751,421) - NET UNREALIZED LOSSES; $(12,491) BOOK TAX DIFFERENCE WITH RESPECT TO PARTNERSHIP INVESTMENTS; $(2,776) 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 $931,646. SCHEDULE K PART VI PROCEDURE 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 THE INTERAL 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 IDENTIFIES 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 R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	ALDWYN LANE LLC	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	800 LANCASTER AVENUE	AddressLine1
City	VILLANOVA	City
State	PA	State
ZIP Code	19085	ZIPCode

Field	Value	IRS element (for citing)
EIN	233101680	EIN
Primary Activities	RENT REAL EST	PrimaryActivities
Legal Domicile State	PA	LegalDomicileState
Total Income	7894	TotalIncome
EOY Assets	40874	EOYAssets

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NA	BusinessNameLine1

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	THE ENLIGHTENED WORLD FOUNDATION	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	100 FOUR FALLS CORPORATE CTR	AddressLine1
City	W CONSHOHOCKEN	City
State	PA	State
ZIP Code	19428	ZIPCode

Field	Value	IRS element (for citing)
EIN	232830237	EIN
Primary Activities	FOUNDATION	PrimaryActivities
Legal Domicile State	PA	LegalDomicileState
Exempt Code Section	501(c)(3)	ExemptCodeSection
Public Charity Status	509(A)(3)	PublicCharityStatus

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NA	BusinessNameLine1

Field	Value	IRS element (for citing)
Controlled Org	false	ControlledOrg

Form990 Schedule R Part III Form990ScheduleRPartIII

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	ALDWYN LANE LP	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	800 LANCASTER AVENUE	AddressLine1
City	VILLANOVA	City
State	PA	State
ZIP Code	190851676	ZIPCode

Field	Value	IRS element (for citing)
EIN	233101682	EIN
Primary Activity	RENT REAL EST	PrimaryActivity
Legal Domicile State	PA	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NA	BusinessNameLine1

Field	Value	IRS element (for citing)
Predominant Income Type	UNRELATED	PredominantIncomeType
Share Of Total Income	781515	ShareOfTotalIncome
Share Of EOY Assets	13554477	ShareOfEOYAssets
Disproportionate Allocations	false	DisproportionateAllocations
General Or Managing Partner	true	GeneralOrManagingPartner

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	false	OtherTransferToOtherOrg
Other Transfer From Other Org	true	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
ALDWYN LANE LP
R	544500	FMV
ALDWYN LANE LLC
R	5500	FMV

Form990 Schedule R Part VII Form990ScheduleRPartVII

Field	Value	IRS element (for citing)
Identifier	PART IV	Identifier
Explanation	VILLANOVA UNIVERSITY MANAGES FOURTEEN CHARITABLE GIFT ANNUITIES. VILLANOVA UNIVERSITY HAS 50% OR GREATER INTEREST IN SEVEN CHARITABLE GIFT ANNUITIES. THE AGGREGATE MARKET VALUE IS $335,205. 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 $2,076,864.	Explanation