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      <EndowmentsHeldByUnrelatedOrgs>true</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
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        <OtherCostOrOtherBasis>1703889</OtherCostOrOtherBasis>
        <BookValue>1887143</BookValue>
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      <Buildings>
        <OtherCostOrOtherBasis>56080129</OtherCostOrOtherBasis>
        <Depreciation>-17273812</Depreciation>
        <BookValue>38806317</BookValue>
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      <Equipment>
        <OtherCostOrOtherBasis>11856446</OtherCostOrOtherBasis>
        <Depreciation>-9167121</Depreciation>
        <BookValue>2689325</BookValue>
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      <OtherLandBuildings>
        <InvestmentCostOrOtherBasis>418145</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>9990211</OtherCostOrOtherBasis>
        <Depreciation>-6717076</Depreciation>
        <BookValue>3691280</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>47074065</TotalOfBookValueLandBuildings>
      <InvestmentsProgramRelated>
        <Description>PERKINS LOAN</Description>
        <BookValue>3102961</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </InvestmentsProgramRelated>
      <TotalOfBookValueProgramRelated>3102961</TotalOfBookValueProgramRelated>
      <OtherAssets>
        <Description>DEPOSITS</Description>
        <BookValue>219061</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>BOOKSTORE GIFT CARDS</Description>
        <BookValue>110005</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>UNAMORTIZED BOND ISSUE COST</Description>
        <BookValue>458482</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>787548</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>PERKINS LOAN</Description>
        <Amount>3093572</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DEPOSITS IN CUSTODY</Description>
        <Amount>383165</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>LEASES</Description>
        <Amount>159741</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DEFERRED COMPENSATION</Description>
        <Amount>468640</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>4105118</TotalOfAmounts>
      <TotalRevenue>56400298</TotalRevenue>
      <TotalExpenses>56400416</TotalExpenses>
      <ExcessOrDeficitForYear>-118</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>-692087</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>-692087</TotalAdjustments>
      <ExcessOrDeficitPerFS>-692205</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>55923146</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>-692087</NetUnrealizedGainsInvestments>
      <OtherRevenues>296131</OtherRevenues>
      <RevenueNotRptdF990>-395956</RevenueNotRptdF990>
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      <RevenueNotRptdOnFinStmt>81196</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>56400298</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>56615351</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>296131</OtherExpensesIncluded>
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      <ExpensesNotRptdOnFinStmt>81196</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>56400416</TotalExpensesPerForm990>
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        <Explanation>PART III QUESTION 4 COLLECTION OF DONATED ART WORK. PROCEEDS FROM SALES TO BE USED FOR SUPPORTING ST. THOMAS UNIVERSITY CAPITAL CAMPAIGN. PART V QUESTION 4 ENDOWMENT EARNINGS ARE USED TO FUND SCHOLARSHIPS AND OTHER EDUCATIONAL PROGRAMS. PART XII QUESTION 2D FUNDRAISING EVENTS 293736 RENTAL EXPENSES 2395 PART XIII QUESTION 2D FUNDRAISING EVENTS 293736 RENTAL EXPENSES 2395</Explanation>
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      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
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        <Explanation>ST. THOMAS UNIVERSITY STRICTLY PROHIBITS DISCRIMINATION ON THE BASIS OF RACE COLOR RELIGION NATIONAL ORIGIN ANCESTRY SEX SEXUAL ORIENTATION DISABILITY AGE PREGNANCY MARITAL OR FAMILIAL STATUS OR ANY OTHER CATEGORY THAT IS OR MAY BECOME PROTECTED BY LAW. TOTAL FEDERAL AWARDS 55276496 COMPOSED OF 50326957 STUDENT FINANCIAL AID CLUSTER AND 4949539 OTHER FEDERAL GRANT CONTRACTS TOTAL STATE AWARDS OF 2107863 IN STUDENT FINANCIAL AID</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc10">
      <MailSolicitations>X</MailSolicitations>
      <EmailSolicitations>X</EmailSolicitations>
      <PhoneSolicitations>X</PhoneSolicitations>
      <InPersonSolicitations>X</InPersonSolicitations>
      <SolicitationOfNonGovtGrants>X</SolicitationOfNonGovtGrants>
      <SolicitationOfGovtGrants>X</SolicitationOfGovtGrants>
      <SpecialFundraisingEvents>X</SpecialFundraisingEvents>
      <AgreementRefFundraising>true</AgreementRefFundraising>
      <FundraiserActivityInformation>
        <NameOfIndividual>CAMPBELL COMPANY</NameOfIndividual>
        <Activity>CONSULTING</Activity>
        <FundraiserControlOfFunds>false</FundraiserControlOfFunds>
        <AmountRetainedByContractor>164342</AmountRetainedByContractor>
      </FundraiserActivityInformation>
      <FundraiserActivityInformation>
        <NameOfIndividual>VAN SCOYOC ASSOCIATES</NameOfIndividual>
        <Activity>GRANT SOLICITATION DEVELOPMENT FUNDRAISING</Activity>
        <FundraiserControlOfFunds>false</FundraiserControlOfFunds>
        <GrossReceipts>867097</GrossReceipts>
        <AmountRetainedByContractor>15000</AmountRetainedByContractor>
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      <TotalGrossReceipts>867097</TotalGrossReceipts>
      <TotalRetainedByContractors>179342</TotalRetainedByContractors>
      <LicensedStates>FL</LicensedStates>
      <EventsInformation>
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        <CharitableContributionsEvent1>69471</CharitableContributionsEvent1>
        <GrossRevenueEvent1>51976</GrossRevenueEvent1>
        <NonCashPrizesEvent1>9539</NonCashPrizesEvent1>
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        <OtherDirectExpensesEvent1>3136</OtherDirectExpensesEvent1>
        <NameOfEvent2>CRAB DINNER</NameOfEvent2>
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        <CharitableContributionsEvent2>13774</CharitableContributionsEvent2>
        <GrossRevenueEvent2>19182</GrossRevenueEvent2>
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        <TotalNumberOfOtherEvents>1</TotalNumberOfOtherEvents>
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      <ContractWith3rdPartyForGamRev>false</ContractWith3rdPartyForGamRev>
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          <City>PITTSBURGH</City>
          <State>PA</State>
          <ZIPCode>15260</ZIPCode>
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        <MethodOfValuation>CASH VALUE</MethodOfValuation>
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      <TotalNbrOf501C3AndGovtGrants>1</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>1</TotalNbrOfOtherOrganizations>
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      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
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      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
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        <NontaxableBenefitsFilingOrg>42365</NontaxableBenefitsFilingOrg>
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      <Form990ScheduleJPartII>
        <NamePerson>MARK WOLFF</NamePerson>
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        <DeferredCompFilingOrg>12937</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>48384</NontaxableBenefitsFilingOrg>
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      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>STEPHEN PLASS</NamePerson>
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        <DeferredCompFilingOrg>10889</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>40723</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>233089</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>ALFREDO GARCIA</NamePerson>
        <BaseCompensationFilingOrg>209123</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>12547</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>46928</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>268598</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>GORDON BUTLER</NamePerson>
        <BaseCompensationFilingOrg>169879</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>10193</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>38120</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>218192</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
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        <IssuerName>
          <BusinessNameLine1>HIGHER EDUCATION FACILITIES FINANCING AUTHORITIES</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>900058227</IssuerEIN>
        <CUSIPNumber>34073TBCO</CUSIPNumber>
        <DateIssued>2009-01-22</DateIssued>
        <IssuePrice>31000000</IssuePrice>
        <DescriptionOfPurpose>FINANCING THE COSTS OF CERTAIN CAPITAL IMPROVEMENTS AND REFINANCING 2003 BOND AND COMERCIAL LOAN.</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
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        <IssuanceCostsFromProceeds>506378</IssuanceCostsFromProceeds>
        <WorkingCapitalExpenditures>666232</WorkingCapitalExpenditures>
        <CapitalExpenditures>29827390</CapitalExpenditures>
        <YearOfSubstCompletion>2009</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
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      <Form990ScheduleKPartIII>
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        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <EngageBondCounselContracts>false</EngageBondCounselContracts>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <EngageBondCounselResearch>false</EngageBondCounselResearch>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
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      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <SuperintegratedHedge>false</SuperintegratedHedge>
        <HedgeTerminated>false</HedgeTerminated>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <RegulatorySafeHarborSatisfied>false</RegulatorySafeHarborSatisfied>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
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        <NameOfInterestedPerson>
          <NameBusiness>
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          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>MEMBER OF BOARD OF TRUSTEES</Relationship>
        <AmountOfTransaction>42349</AmountOfTransaction>
        <DescriptionOfTransaction>LEASE OF COFFEE MAKERS AND PURCHASE OF RELATED SUPPLIES.</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartV>
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      </Form990ScheduleLPartV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="RetDoc5">
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        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>20</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>SALES PRICE</MethodOfDeterminingRevenues>
      </BooksAndPublications>
      <ClothingAndHouseholdGoods>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>510</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>SALES PRICE</MethodOfDeterminingRevenues>
      </ClothingAndHouseholdGoods>
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>4</NumberOfContributions>
        <NoncashContribsRptdF990>23315</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>SALES PRICE</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <Collectibles>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>7</NumberOfContributions>
        <NoncashContribsRptdF990>1515</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>SALES PRICE</MethodOfDeterminingRevenues>
      </Collectibles>
      <FoodInventory>
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        <NumberOfContributions>8</NumberOfContributions>
        <NoncashContribsRptdF990>427</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>SALES PRICE</MethodOfDeterminingRevenues>
      </FoodInventory>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>ENTERTAINMENT TICKETS</Description>
        <NumberOfContributions>13</NumberOfContributions>
        <NoncashContribsRptdF990>4762</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>SALES PRICE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>HOTELS</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>600</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>SALES PRICE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>MISC. ITEMS</Description>
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        <MethodOfDeterminingRevenues>SALES PRICE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc4">
      <GeneralExplanation>
        <Explanation>FORM 990 PART VI QUESTION 1B REV. MSGR. FRANKLYN CASALE IS A MEMBER OF THE BOARD OF TRUSTEES AND IS ALSO EMPLOYED BY THE UNIVERSITY AS PRESIDENT. MR. DOMINIC MINIACI IS A MEMBER OF THE BOARD OF TRUSTEES AND HIS FAMILY BUSINESS PARAMOUNT COFFEE SERVICES HAS A CONTRACT WITH ST. THOMAS UNIVERSITY ON A COMPETITIVE BID PROCESS. ST. THOMAS UNIVERSITY PAID PARAMOUNT COFFEE SERVICES 42349 DURING FISCAL YEAR 2011. FORM 990 PART VI QUESTION 7B POWERS RESERVED TO THE CORPORATE MEMBER (THE ARCHBISHOP OF MIAMI) CAN BE STATED AS FOLLOWS 1. APPROVAL OF THE ARTICULATION OF THE MISSION. 2. APPROVAL OF THE SALE OR ENCUMBRANCE OF THE UNIVERSITY'S REAL PROPERTY. 3. APPROVAL OF THE APPOINTMENT AND REMOVAL OF TRUSTEES. 4. APPROVAL OF THE APPOINTMENT AND REMOVAL OF THE PRESIDENT. 5. APPROVAL OF THE APPOINTMENT OF LEGAL COUNSEL AND OUTSIDE AUDITOR OF THE UNIVERSITY. NOTE THAT SUBJECT TO THIS LIMITED APPROVAL POWER THE BOARD OF TRUSTEES HAS - PURSUANT TO THE BYLAWS - THE POWER TO APPOINT AND REMOVE TRUSTEES AND THE POWER TO APPOINT AND REMOVE THE PRESIDENT AS WELL AS BROAD AUTHORITY OF OVERALL GOVERNANCE OVER THE AFFAIRS AND POLICIES OF THE UNIVERSITY. FORM 990 PART VI QUESTION 11 TAX RETURN IS EMAILED TO BOARD OF TRUSTEES MEMBERS FOR REVIEW AND COMMENTS BEFORE FILING. FORM 990 PART VI QUESTION 12C THE CONFLICT OF INTEREST STATEMENT IS SENT OUT BY HUMAN RESOURCES AT THE BEGINNING OF EACH SCHOOL YEAR. IT IS MANDATORY FOR ALL TRUSTEES OFFICERS FACULTY AND ADMINISTRATION TO SIGN THE STATEMENT AND IF APPLICABLE TO DISCLOSE INFORMATION WHICH MAY BE CONSIDERED A CONFLIC OF INTEREST. IN THE CASE OF FACULTY AND ADMINISTRATION IT IS UP TO THE DEPARTMENT VP OR THE PROVOST TO HAVE A CONVERSATION WITH THE EMPLOYEE TO DETERMINE IF A CONFLICT DOES EXIST AND TO COME UP WITH SOLUTIONS TO RESOLVE THE CONFLICT. THE SIGNED STATEMENTS ARE MAINTAINED IN THE OFFICE OF HUMAN RESOURCES. FAILURE TO SUBMIT A CONFLICT OF INTEREST STATEMENT MAY CONSTITUTE CAUSE FOR DISMISSAL. FORM 990 PART VI QUESTION 15B COMPENSATION FOR OFFICERS AND KEY EMPLOYEES MAY BE DETERMINED BY USE OF COMPENSATION SURVEYS AND MARKET ANALYSIS. GENERALLY SALARIES ARE ESTABLISHED BY THE PRESIDENT OF THE UNIVERSITY OR THE DEPARTMENT DEANS WITH THE CONSENT OF THE PRESIDENT. A WRITTEN EMPLOYMENT CONTRACT IS GIVEN TO THE EMPLOYEES. OFFICERS' COMPENSATION IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990 PART VI QUESTION 19 SUCH DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990 PART XI 5 OTHER CHANGES IN NET ASSETS ARE COMPRISED OF 692087 OF UNREALIZED INVESTMENTS LOSSES. AND 260022 DUE TO RE-STATEMENT OF PRIOR YEAR NET ASSETS.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>