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      <Description>INSTRUCTION: TEACHERS COLLEGE BRINGS TOGETHER A BREADTH OF ACADEMIC DISCIPLINES UNMATCHED BY ANY OTHER GRADUATE SCHOOL OF EDUCATION WITHIN A SINGLE INSTITUTION. OUR NAME NOTWITHSTANDING, THE COLLEGE, FROM ITS INCEPTION HAS FOCUSED NOT ONLY ON PRE-K-12 CLASSROOM EDUCATION, BUT ALSO ON ADULT LEARNING, LEADERSHIP, HEALTH, PSYCHOLOGY, NUTRITION, MOVEMENT SCIENCES, ART, MUSIC EDUCATION AND MORE. THIS VISION OF EDUCATION(TODAY EMBODIED IN 60 ACADEMIC PROGRAMS ACROSS 10 ACADEMIC DEPARTMENTS) SUPPORTS LEARNING THAT BROADLY ENABLES THE DEVELOPMENT NOT ONLY OF INDIVIDUAL STUDENTS, BUT OF FAMILIES, COMMUNITIES, CITIES AND NATIONS. TEACHERS COLLEGE'S 153 FULL-TIME TENURE-TRACK FACULTY INCLUDES SOME OF THE MOST NATIONALLY AND INTERNATIONALLY PROMINENT AND WIDELY RESPECTED THINKERS, RESEARCHERS AND PRACTITIONERS IN THEIR VARIOUS FIELDS. POLICY RESEARCH IS A MAJOR STRENGTH, WITH A CORE GROUP OF FACULTY MEMBERS WHO HAVE DIRECTLY INFLUENCED NATIONAL LEGISLATION OR STATE LEGISLATION IN EARLY CHILDHOOD EDUCATION, COMMUNITY COLLEGES, SCHOOL INTEGRATION, SOCIAL SERVICES, SCHOOL FINANCE, NATIONAL LEARNING STANDARDS, CHARTER SCHOOL DEVELOPMENT AND FUNDING OF NATIONAL HEALTH PROGRAMS. THE COLLEGE'S COWIN CONFERENCE CENTER HAS HELPED PHYSICALLY ESTABLISH THE COLLEGE AS A NATIONAL CENTER FOR DEBATES ON THESE AND OTHER ISSUES, HOSTING, IN RECENT YEARS, A LIVE (AND NATIONALLY WEBCAST) DEBATE BETWEEN THE EDUCATION ADVISORS OF THE TWO PRESIDENTIAL CANDIDATES IN 2008, AS WELL AS THE NATION'S FIRST RESEARCH CONFERENCE DEVOTED TO THE ANALYSIS OF EDUCATION SPENDING OF FEDERAL STIMULUS FUNDS. TC FACULTY ARE ALSO WIDELY KNOWN FOR INNOVATIVE CURRICULUM DEVELOPMENT IN ACADEMIC SUBJECTS; HEALTH EDUCATION FOCUSED ON SCHOOLS; NUTRITION EDUCATION; ORGANIZATIONAL PSYCHOLOGY; DEVELOPMENTAL PSYCHOLOGY; AND MORE.</Description>
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        <Description>AUXILIARY ENTERPRISES: AUXILIARY ENTERPRISES PROVIDES A CONVENIENT SOURCE OF MEALS AND LODGING FOR STUDENTS ENHANCING THEIR COLLEGE EXPERIENCE. ANOTHER MAJOR COMPONENT OF AUXILIARY ENTERPRISES IS THE TEACHERS COLLEGE PRESS. ESTABLISHED IN 1904 AS THE BUREAU OF PUBLICATIONS, THE PRESS IS ONE OF THE OLDEST AND MOST DISTINGUISHED PUBLISHERS OF EDUCATIONAL MATERIALS IN THE UNITED STATES. SINCE 1965, WHEN THE BUREAU OF PUBLICATIONS BECAME TEACHERS COLLEGE PRESS, ITS PRIMARY PURPOSE HAS BEEN TO PUBLIS</Description>
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        <Description>ACADEMIC SUPPORT- PROVIDES SUPPORT SERVICES FOR THE COLLEGE'S PRIMARY MISSION OF INSTRUCTION, RESEARCH &amp; PUBLIC SERVICE. THE COLLEGE PROVIDES MISSION OF INSTRUCTION, RESEARCH &amp; PUBLIC SERVICE. THE COLLEGE PROVIDES MISSION OF INSTRUCTION, RESEARCH &amp; PUBLIC SERVICE. THE COLLEGE PROVIDES MISSION OF INSTRUCTION, RESEARCH &amp; PUBLIC SERVICE. THE COLLEGE PROVIDES MISSION OF INSTRUCTION, RESEARCH &amp; PUBLIC SERVICE. THE COLLEGE PROVIDES MISSION OF INSTRUCTION, RESEARCH &amp; PUBLIC SERVICE. THE COLLEGE PROVIDE</Description>
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      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
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        <BookValue>692443</BookValue>
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        <Depreciation>97694376</Depreciation>
        <BookValue>110807798</BookValue>
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      <Equipment>
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        <BookValue>4049831</BookValue>
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      <OtherLandBuildings>
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        <BookValue>4163181</BookValue>
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      <TotalOfBookValueLandBuildings>119713253</TotalOfBookValueLandBuildings>
      <OtherSecurities>
        <Description>non public equity funds</Description>
        <BookValue>87889784</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
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      <OtherSecurities>
        <Description>private equity and real estate funds</Description>
        <BookValue>28160061</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
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      <TotalOfBookValueSecurities>116049845</TotalOfBookValueSecurities>
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        <Description>Assets held by Bond Trustee for the Series 2009, 2012 A&amp;B issuances</Description>
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        <Description>Accrued pension and other benefit obligations</Description>
        <Amount>46850583</Amount>
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      <OtherLiabilities>
        <Description>U.S. government grants refundable</Description>
        <Amount>2935580</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>conditional asset retirement obligation</Description>
        <Amount>1556944</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>annuities payable and pooled income funds</Description>
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      <ExpensesNotRptdF990>-11602705</ExpensesNotRptdF990>
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      <TotalExpensesPerForm990>198012087</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Pt IV Line 2b</Identifier>
        <Explanation>The College holds student security deposits for dormitory housing in escrow.</Explanation>
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      <Form990ScheduleDPartXIV>
        <Identifier>Pt III Line 1a</Identifier>
        <Explanation>Under SFAS 116, the College has elected not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets. Collection items are held for educational purposes and are not disposed of for financial gain.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
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        <Explanation>The Gottesman Libraries at Teachers College contain the world's largest and richest collection of materials on educational professions. The contemporary collections are continuously enhanced by an active acquisition program</Explanation>
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      <Form990ScheduleDPartXIV>
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        <Explanation>JOINTLY PLANNED BY DEPARTMENTAL LIBRARIANS, FACULTY, AND STUDENTS. TRADITIONAL PRINT &amp; NON-PRINT PUBLICATIONS ARE SUPPLEMENTED BY A GROWING NUMBER OF VISUAL AND ELECTRONIC FORMATS. MANY OF THE HISTORICAL AND ARCHIVAL COLLECTIONS ARE UNAVAILABLE ELSEWHERE AND REPRESENT IN BALANCE, BREADTH, AND DEPTH, AN ARCHIVE OF AMERICAN INTELLECTUAL AND SOCIAL HISTORY. ELEMENTS OF THESE COLLECTIONS ARE BEING MADE MORE ACCESSIBLE THROUGH ONGOING DIGITIZATION PROJECTS. THERE ARE CURRENTLY 430,000 PRINTED VOLUMES</Explanation>
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      </Form990ScheduleEPartII>
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        <Explanation>WHILE LINE 6B IS NOTED HERE, THIS COVERS THE "YES" RESPONSE TO LINE 6A - FOR THE YEAR ENDED AUGUST 31, 2012, TEACHERS COLLEGE SERVED AS A PASS-THROUGH FOR OVER $80 MILLION OF FEDERAL STUDENT FINANCIAL ASSISTANCE AND OVER $26 MILLION OF GRANT FUNDING FROM VARIOUS FEDERAL, STATE AND LOCAL GOVT ENTITIES.</Explanation>
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        <SpecificServicesProvided>Foreign Campus</SpecificServicesProvided>
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      <OwnForeignCorp>true</OwnForeignCorp>
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      </Form990ScheduleFPartV>
      <Form990ScheduleFPartV>
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      <FundraiserActivityInformation>
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      <LicensedStates>AZ</LicensedStates>
      <LicensedStates>CA</LicensedStates>
      <LicensedStates>CO</LicensedStates>
      <LicensedStates>CT</LicensedStates>
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      <LicensedStates>KY</LicensedStates>
      <LicensedStates>LA</LicensedStates>
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      <LicensedStates>MD</LicensedStates>
      <LicensedStates>MA</LicensedStates>
      <LicensedStates>MI</LicensedStates>
      <LicensedStates>MN</LicensedStates>
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      <LicensedStates>MT</LicensedStates>
      <LicensedStates>NH</LicensedStates>
      <LicensedStates>NJ</LicensedStates>
      <LicensedStates>NM</LicensedStates>
      <LicensedStates>NY</LicensedStates>
      <LicensedStates>NC</LicensedStates>
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          <City>WASHINGTON</City>
          <State>DC</State>
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      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
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      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>resolved prior to the awarding of funds.</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>Scholarships are awarded based on the criterion set by the donor.</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>Each week the Registrar's Office notifies the Financial Aid office of any student(s) who</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>have withdrawn from classes. A review is done to determine if the student is still eligible</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>for both federal aid and scholarship. Designated staff must review the students</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>file and contact the student to discuss options for regaining student</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>aid eligibility. Until the issue is resolved the student is no longer</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>eligible for federal student aid or scholarship (if applicable). The aid will be removed</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>until eligibility has been reestablished.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="00000010">
      <IdemnificationGrossUpPayments>X</IdemnificationGrossUpPayments>
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <PersonalServices>X</PersonalServices>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <IndependentConsultant>X</IndependentConsultant>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>SUSAN FUHRMAN</NamePerson>
        <BaseCompensationFilingOrg>442188</BaseCompensationFilingOrg>
        <BonusFilingOrg>90000</BonusFilingOrg>
        <OtherCompensationFilingOrg>81499</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>24500</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>26311</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>664498</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>THOMAS JAMES</NamePerson>
        <BaseCompensationFilingOrg>279396</BaseCompensationFilingOrg>
        <BonusFilingOrg>25000</BonusFilingOrg>
        <OtherCompensationFilingOrg>93898</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>24500</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>35211</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>458005</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>SUZANNE MURPHY</NamePerson>
        <BaseCompensationFilingOrg>271558</BaseCompensationFilingOrg>
        <BonusFilingOrg>25000</BonusFilingOrg>
        <OtherCompensationFilingOrg>80843</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>24500</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>39522</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>441423</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>HARVEY SPECTOR</NamePerson>
        <BaseCompensationFilingOrg>252613</BaseCompensationFilingOrg>
        <BonusFilingOrg>50000</BonusFilingOrg>
        <OtherCompensationFilingOrg>33877</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>24500</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>21054</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>382044</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>SCOTT FAHEY</NamePerson>
        <BaseCompensationFilingOrg>185620</BaseCompensationFilingOrg>
        <BonusFilingOrg>15000</BonusFilingOrg>
        <OtherCompensationFilingOrg>66353</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>26352</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>15108</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>308433</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>NANCY STREIM</NamePerson>
        <BaseCompensationFilingOrg>180038</BaseCompensationFilingOrg>
        <BonusFilingOrg>25000</BonusFilingOrg>
        <OtherCompensationFilingOrg>63147</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>22123</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>13013</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>303321</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>LORI FOX</NamePerson>
        <BaseCompensationFilingOrg>209338</BaseCompensationFilingOrg>
        <BonusFilingOrg>15000</BonusFilingOrg>
        <OtherCompensationFilingOrg>23484</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>24065</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>17714</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>289601</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>JANICE ROBINSON</NamePerson>
        <BaseCompensationFilingOrg>176953</BaseCompensationFilingOrg>
        <BonusFilingOrg>5000</BonusFilingOrg>
        <OtherCompensationFilingOrg>65626</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>26280</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>26116</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>299975</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>WILLIAM BALDWIN</NamePerson>
        <BaseCompensationFilingOrg>154950</BaseCompensationFilingOrg>
        <BonusFilingOrg>15000</BonusFilingOrg>
        <OtherCompensationFilingOrg>64376</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>28138</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>13664</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>276128</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>SHARON KAGAN</NamePerson>
        <BaseCompensationFilingOrg>184435</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>131763</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>31850</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>10996</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>359044</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>THOMAS BAILEY</NamePerson>
        <BaseCompensationFilingOrg>163926</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>127221</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>31850</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>22956</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>345953</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>GARY NATRIELLO</NamePerson>
        <BaseCompensationFilingOrg>136347</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>120674</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>27434</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>11217</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>295672</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>RUTH VINZ</NamePerson>
        <BaseCompensationFilingOrg>225535</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>29756</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>32402</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>15890</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>303583</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>GITA STEINER-KHAMSI</NamePerson>
        <BaseCompensationFilingOrg>177124</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>75822</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>31665</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>11243</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>295854</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>Pt I Line 1b</Identifier>
        <Explanation>The College provides for certain employee commuting costs, housing and tuition assistance as well as additional life insurance benefits, which are included in the employee's taxable income. The College has a written policy governing the payment or reimbursement of the amounts described above and in Pt I, Line 1a.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="00000011" softwareId="11000175">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>DASNY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>146000293</IssuerEIN>
        <CUSIPNumber>6499037N5</CUSIPNumber>
        <DateIssued>2009-01-29</DateIssued>
        <IssuePrice>51832990</IssuePrice>
        <DescriptionOfPurpose>See Part VI</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>DASNY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>146000293</IssuerEIN>
        <CUSIPNumber>649906UN2</CUSIPNumber>
        <DateIssued>2012-05-02</DateIssued>
        <IssuePrice>34510715</IssuePrice>
        <DescriptionOfPurpose>See Part VI</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>DASNY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>146000029</IssuerEIN>
        <CUSIPNumber>649906VK7</CUSIPNumber>
        <DateIssued>2012-05-23</DateIssued>
        <IssuePrice>33511613</IssuePrice>
        <DescriptionOfPurpose>See Part VI</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>54007316</TotalProceeds>
        <IssuanceCostsFromProceeds>817384</IssuanceCostsFromProceeds>
        <CapitalExpenditures>7616114</CapitalExpenditures>
        <OtherSpentProceeds>44575000</OtherSpentProceeds>
        <AmountUnspent>998818</AmountUnspent>
        <YearOfSubstCompletion>2012</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>false</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>34514640</TotalProceeds>
        <IssuanceCostsFromProceeds>369723</IssuanceCostsFromProceeds>
        <CapitalExpenditures>320495</CapitalExpenditures>
        <OtherSpentProceeds>33815133</OtherSpentProceeds>
        <AmountUnspent>9289</AmountUnspent>
        <YearOfSubstCompletion>2012</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>33717189</TotalProceeds>
        <CapitalizedInterest>5032207</CapitalizedInterest>
        <IssuanceCostsFromProceeds>369356</IssuanceCostsFromProceeds>
        <CapitalExpenditures>661721</CapitalExpenditures>
        <AmountUnspent>32686112</AmountUnspent>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>false</FinalAllocationMade>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>true</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0.00500</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00500</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>true</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>true</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>true</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <FedTaxRequirementsCompliance>X</FedTaxRequirementsCompliance>
      <Form990ScheduleKPartVI>
        <Explanation>Part I, Line A-C (column a) - DASNY (Dormitory Authority of the State of New York)</Explanation>
      </Form990ScheduleKPartVI>
      <Form990ScheduleKPartVI>
        <Explanation>Part I,Line A (column f) - the bonds were issued: 1)to refund the Series 07 Bonds (issued 2/14/07) $44,575,000, 2)$6,000,000 for capital improvements,</Explanation>
      </Form990ScheduleKPartVI>
      <Form990ScheduleKPartVI>
        <Explanation>3)$1,257,990 to cover delivery expenses(issuance costs) including state &amp; issuer fees.</Explanation>
      </Form990ScheduleKPartVI>
      <Form990ScheduleKPartVI>
        <Explanation>Part I,Line B(column f)-the bonds were issued 1)to refinance the Series 2002 Bonds, $33,815,133, 2)$695,582 to cover delivery expenses.</Explanation>
      </Form990ScheduleKPartVI>
      <Form990ScheduleKPartVI>
        <Explanation>Part I,Line C(column f)-the bonds were issued 1)to finance certain capital improvements include the renovation, alteration and rehabilitation of Bancroft Hall, an</Explanation>
      </Form990ScheduleKPartVI>
      <Form990ScheduleKPartVI>
        <Explanation>108 unit resident hall on Campus, $32,874,357 including capitalized interest, 2)$637,256 to cover delivery expenses</Explanation>
      </Form990ScheduleKPartVI>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="00000012" softwareId="11000175">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>REGINA CORTINA</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>spouse of Provost T.James</Relationship>
        <AmountOfTransaction>103710</AmountOfTransaction>
        <DescriptionOfTransaction>employee compensation</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="00000013">
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>15</NumberOfContributions>
        <NoncashContribsRptdF990>1603658</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>trading price on date of receipt</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>true</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>Pt I Line 32b</Identifier>
        <ReturnReference>Form 990</ReturnReference>
        <Explanation>During the fiscal year, the College had a contractual agreement with Citibank Wealth Management</Explanation>
      </Form990ScheduleMPartII>
      <Form990ScheduleMPartII>
        <Identifier>Pt I Line 32b</Identifier>
        <ReturnReference>Form 990</ReturnReference>
        <Explanation>Services that allows the College to immediately liquidate stock securities received.</Explanation>
      </Form990ScheduleMPartII>
      <Form990ScheduleMPartII>
        <Identifier>Pt I Line 32b</Identifier>
        <ReturnReference>Form 990</ReturnReference>
        <Explanation>Citibank functions as a broker dealer for the sale of publicly traded gifts of stock.</Explanation>
      </Form990ScheduleMPartII>
      <Form990ScheduleMPartII>
        <Identifier>Pt I col(b)</Identifier>
        <ReturnReference>Form 990</ReturnReference>
        <Explanation>For purposes of Schedule M column b, the College is reporting the number of gifts received</Explanation>
      </Form990ScheduleMPartII>
      <Form990ScheduleMPartII>
        <Explanation>PT I COL(B) : REPRESENTING SHARES OF PUBLICLY TRADED STOCK, NOT THE NUMBER OF SHARES RECEIVED PER GIFT;</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="00000014" softwareId="11000175">
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11a</Identifier>
        <Explanation>Along with management, the Audit Committee of the Trustees of the College</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11a</Identifier>
        <Explanation>is responsible for reviewing the full Form 990 in detail. The final copy of the</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11a</Identifier>
        <Explanation>Form 990 is provided to the Full Board prior to filing, but does not include Schedule B.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>The College has two conflict of interest policies; Policy A covering</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>the trustees, officers, key employees and the next five highest</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>compensated employees and Policy B covering</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>faculty, instructional and professional employees. Under both</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>policies, conflict of interest forms must be completed on an</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>annual basis.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>Policy A - the disclosures are provided to the General Counsel</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>on an annual basis. The forms are reviewed and a report is compiled</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>on the disclosures and reported to the Audit Committee.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>These individuals must notify the Chair of the Board, the Chair of</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>Audit Committee or the President when they first become aware</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>of an actual or potential conflict of interest relating to them or</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>a family member. If an actual or potential conflict exists, the</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>individual must recuse themselves from consideration of any</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>matter as to which there may be a conflict, subject to the right</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>of the Board or Committee to seek information from the individual.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>The Audit Committee is responsible for the review and evaluation</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>of all potential and actual conflicts and must determine how to</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>manage the potential conflicts. The Audit Committee, Executive Committee or the Full Board</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>determines whether to proceed with any proposed transaction</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>with an interested person after evaluating whether it is fair</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>and reasonable to the College and whether the conflicted individual would,</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>as a result of the transaction, receive an excessive benefit.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part III, Line 4d</Identifier>
        <Explanation>ACADEMIC SUPPORT- PROVIDES SUPPORT SERVICES FOR THE COLLEGE'S PRIMARY 13436863. 0. 1469942. STUDENT SERVICES-CONTRIBUTES TO STUDENT'S EMOTIONAL AND PHYSICAL WELL BEING 9284571. 0. 0.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>If it appears that an interested person has failed to disclose an actual</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>or potential conflict, the Board is charged with investigating. If</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>it is determined that a conflict does exist, the Board may take appropriate</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>disciplinary and corrective action including rescission of the transaction.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>Policy B - the Human Resource Office monitors the submissions</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>of disclosure forms by faculty and staff. Any potential or actual</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>conflict is reported to the appropriate officer for evaluation.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>The compensation of officers and key employees is reviewed and approved</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>by the Board of Trustees Committee on Compensation, which also</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>reviews annually established goals and performance.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>The Committee consists of 7 independent trustees. The President</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>serves as an ex officio member of the Committee, but recuses</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>herself when the Committee (or any other Board body) addresses matters relating</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>to her compensation. The Committee meets at least annually, and</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>more frequently when needed, and uses a compensation comparison of colleges</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>and universities in the Northeast and Mid-Atlantic region as well</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>as a smaller set of prestigious colleges and universities. The Committee</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>periodically retains an outside compensation consultant and did so</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>in fiscal 10/11. The consultant was retained in anticipation of the renewal of the</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>President's contract, but also analyzed the compensation of</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>other officers and key employees based on comparatibility data.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>The Committee (and the Board) keep contemporaneous minutes of meetings</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>and decisions made.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>The financial statements are available on the College's website.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>The conflict of interest policy for trustees, officers, key employees is available on the College's intranet and upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>The conflict of interest policy for faculty and professional staff is available on the College's intranet and upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>The College's bylaws and charter are available upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VII, Col (E)</Identifier>
        <Explanation>no hours reported relating to a related organization</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt XI</Identifier>
        <Explanation>Line 5 - See Part XI, Line 5 supporting statement</Explanation>
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