2013-05-15T09:44:58-05:00 2012-06-30 134008324 PricewaterhouseCoopers LLP 1201 Louisiana 2900 Houston TX 77002 990 2011-07-01 741109620 William Marsh Rice University WILL 7133480000 6100 Main Street Houston TX 77005 Katherine E Collins 7133485147 2013-05-15 1 Laura Nowicki P01333447 7133568292 2011 2016-02-24 21:20:13Z X David Leebron 6100 Main Street Houston TX 77005 1398808547 0 X www.rice.edu X 1908 TX Research and education 25 23 7492 1000 -4842705 -4926224 204916519 212038399 255114144 274968927 224786469 279859036 24725269 23229498 709542401 790095860 97791354 102677084 0 0 306953490 314475108 0 0 12812860 209840713 219888746 614585557 637040938 94956844 153054922 6286488942 6212837465 1044145257 1029647363 5242343685 5183190102 X As a leading research university with a distinctive commitment to undergraduate education, Rice University aspires to pathbreaking research, unsurpassed teaching, and contributions to the betterment of our world. It seeks to fulfill this mission by (please see Sch O)cultivating a diverse community of learning and discovery that produces leaders across the spectrum of human endeavor.The university enrolls approximately 3,700 undergraduate and 2,300 graduate students. Approximately 60% of undergraduate students receive financial aid, as do almost all graduate students. 0 0 427520016 102677084 270153104 Departmental research and instruction, public service and other institutional activitiesRice is accredited by the Southern Association of Colleges and Schools (SACS), Accreditation Board for Engineering and Technology (ABET), International Association for Management Education (AACSB International), National Architectural Accrediting Board (NAAB), and the Texas Education Agency (TEA). Rice serves approximately 3,700 undergraduate and 2,300 graduate students, as well as 13,000 life-long learners. The six-year undergraduate graduation rate is 92 percent.(Please see Schedule O for continuation)Rice offers more than 50 undergraduate majors across six divisions of study: social sciences, natural sciences, engineering, humanities, music and architecture. In conjunction with various majors, students can take courses that satisfy the requirements for admission to medical, dental, law or graduate school, or that lead to teacher certification. Rice University has an undergraduate student-to-faculty ratio of not quite 6 to 1. In general, classes are small enough for each professor to know every student's name, so there is ample opportunity for personal attention. Rice was ranked among the top 20 nationally by the US News and World Report in 2011, and the Princeton Review ranked Rice first in "Best Quality of Life" and "Happiest Students" in the 2012 edition. In 2012, for the fourth year in a row, Kiplinger's Personal Finance magazine ranked Rice in the top five for best value in private colleges.Rice offers advanced degrees in the humanities, social sciences, natural sciences, engineering, architecture, music, and business. Graduate programs are small to medium-sized, offering the opportunity to work very closely with graduate advisors. Proximity to both the Houston Museum District and the renowned Texas Medical Center allows for exceptional access to the visual arts as well as cutting-edge biomedical research. The many interdisciplinary centers and institutes enhance the experience of graduate students across all disciplines. Eight areas of graduate study at Rice University are ranked among the top 20 nationally in U.S. News & World Report's 2012 edition of "Best Graduate Schools." The Susanne M. Glasscock School of Continuing Studies provides lifelong personal and professional development opportunities to the larger community. The school attracts more than 13,000 enrollments each year to its non-credit and credit programs and is the leading university continuing education program in Houston.Student services, including admissions, registrar, academic advising, career placement, disability support, and student health.Rice is located in Houston, Texas, the nation's fourth-largest city, the energy capital of the world and a dynamic international business and cultural center, on a 300-acre, tree-lined campus just a few miles from downtown. Undergraduate students are given free Metro passes for public transportation, including the light rail system which has two stations located a block from campus. The university operates a free shuttle bus route that includes the campus, off-campus student housing, and local shopping centers and attractions. Houston boasts 18 museums, opera, ballet, symphony and theater, and five professional major league sports teams.Rice's residential college system lies at the core of every undergraduate's experience. Every undergraduate student, whether living on campus or not, is a member of one of 11 self-governed coeducational residential colleges. Each college has a resident college master or masters. Other members of the faculty are invited to become resident and nonresident associates of each college. Faculty associates act as advisors to the students and participate in the camaraderie and activities of their respective college. Colleges also have non-faculty university associates and community associates from the Houston area, drawn from various professions. Each college building includes a commons area that serves as a dining hall as well as public rooms, which are available to both resident and nonresident members, and living quarters for approximately 230 students from all classes and all academic disciplines. Wheelchair-accessible rooms are available in all colleges. Rice fields 16 men's and women's varsity teams at the NCAA Division 1A level. The baseball team has captured 17 consecutive conference championships and earned six trips to the College World Series, winning the NCAA title in 2003. Rice's football team has qualified for a bowl game in two of the last four years and was champion of the 2008 Texas Bowl.Rice placed a record 227 student-athletes on the C-USA Commissioner's Honor Roll which is reserved for athletes who maintain a cumulative GPA of 3.0 or better. Seven of the Rice sports teams rank in the top 10 percent of intercollegiate athletics teams in terms of progression towards a degree.Student media includes the weekly newspaper, The Rice Thresher, the internet/HD radio station KTRU, campus television station RTV5, and several magazines.Opened in the fall of 2009, the Barbara and David Gibbs Recreation and Wellness Center is a $41 million complex with two indoor basketball courts, four racquetball courts, two squash courts, cardio and weight areas, a dance studio, two outdoor-lighted basketball courts and heated outdoor recreation and competition pools.Through the Rice Outdoor Programs and Education (ROPE) program, students may take part in sponsored outdoor treks that include everything from camping to kayaking. Students can rent equipment, sign up for trips or volunteer to lead ROPE expeditions. 118714821 102561666 Basic scientific research and training conducted by faculty and staff and other sponsored educational programs. From its inception, Rice has been dedicated, in the words of its first president Edgar Odell Lovett, "as much to investigation as to instruction" and to providing a setting in which faculty would join the "pleasures of teaching" with "the privileges of research." The university has realized much of this ambition with distinction in our undergraduate education and research excellence across many disciplines. Rice is home to more than 40 interdisciplinary research centers, institutes and consortia, and research is a fundamental part of the undergraduate experience. (Please see Schedule O for continuation)The university has produced 101 Fulbright Scholars, 20 Marshall Scholars, 65 Watson Fellows, 25 Mellon Fellowships, 336 National Science Foundation Fellowships, and 12 Rhodes Scholars among other honors and awards. The university has a very high level of research activity for its size, with $107.3 million in sponsored research funding in 2012. Rice is noted for its applied science programs in the fields of artificial heart research, structural chemical analysis, signal processing, space science and nontechnology. It was ranked first in the world in citations in materials science research by the Times Higher Education in 2010. Rice has 672 full-time and 148 part-time faculty members. Ninty-six percent of full-time faculty hold Ph.D.s or equivalent terminal degrees in their field. Because of their pioneering research, Rice faculty have been honored with numerous prestigious awards and accolades over the years. In 1996, Rice professors Richard Smalley (now deceased) and Robert Curl received the Nobel Prize for their discovery of a unique molecular form of carbon that heralded the new era of nanotechnology research. In 2011, Richard Tapia, a Rice mathematician and longtime champion of diversity in U.S. education, received the National Medal of Science from President Barack Obama for his work in optimization theory and numerical analysis, as well as for his mentoring of women and under-represented minorities in the fields of mathematics and science. As of May 2013, Rice had 14 faculty members in the National Academy of Engineering, seven in the National Academy of Science, four in the Institute of Medicine, five in the National Humanities Center, and two alumnae have won the Pulitzer Prize.Rice's commitment to scientific research can be seen in recent construction of the BioScience Research Collaborative, a 477,000-square-foot facility where scientists and educators from Rice and other Texas Medical Center institutions work together on research that benefits human medicine and health, and the Brockman Hall for Physics, a state-of-the-art 110,000-square-foot facility that includes vibration and noise controlled underground laboratories.Rice also has an active research agenda in the social sciences and humanities. The Baker Institute for Public Policy is one of the leading nonpartisan public policy think tanks in the country and conducts research on domestic and foreign policy issues. The Humanities Research Center fosters international and interdisciplinary connections with workshops and large conferences. Focus areas include questions of energy and energy transitions, the civic humanists program, and the Our Americas archive partnership. 36151560 21942110 Operations of a library that serves students, faculty, staff, alumni, and friends of William Marsh Rice University and is open to the public by charter.The Fondren Library subscribes to approximately 72,000 current journals (print and electronic) and houses over 2,570,000 print volumes and 3,276,000 units of microforms. The collections include audiovisuals, music recordings, scores and other special formats. An increasing amount of library resources are provided online. (Please see Schedule O for continuation)The library is a selective depository for U.S. and Texas government publications and a depository for documentation of U.S. patents and trademarks. The Brown Fine Arts Library contains over 200,000 volumes related to art, architecture, classical archaeology and music. All library patrons are welcome to use fine arts materials and facilities, including listening equipment, VHS, DVD and laserdisc players. 582386397 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 1 1 1 0 1 10605 0 1 7492 1 1 1 1 FR 0 0 0 1 1 0 0 X 25 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Evelyn Stewart 7133484927 6100 Main Street Houston TX 77005 David W Leebron 40.00 X X 859470 0 318751 James W Crownover 15.00 X 0 0 0 JD Bucky Allshouse 2.00 X 0 0 0 D Kent Anderson 2.00 X 0 0 0 Keith T Anderson 2.00 X 0 0 0 Laura Arnold 2.00 X 0 0 0 Subha V Barry 2.00 X 0 0 0 Suzanne Deal Booth 2.00 X 0 0 0 Robert T Brockman 2.00 X 0 0 0 Nancy P Carlson 2.00 X 0 0 0 T Jay Collins 2.00 X 0 0 0 Lynn Laverty Elsenhans 2.00 X 0 0 0 Douglas Lee Foshee 2.00 X 0 0 0 Lawrence H Guffey 2.00 X 0 0 0 James T Hackett 2.00 X 0 0 0 John V Jaggers 2.00 X 0 0 0 Larry Kellner 2.00 X 0 0 0 R Ralph Parks 2.00 X 0 0 0 Judge Lee H Rosenthal 2.00 X 0 0 0 LE Simmons 2.00 X 0 0 0 Charles Szalkowski 2.00 X 0 0 0 M Kenneth Oshman 2.00 X 0 0 0 Robert B Tudor III 2.00 X 0 0 0 James S Turley 2.00 X 0 0 0 Lewis T Williams 2.00 X 0 0 0 Randa Duncan Williams 2.00 X 0 0 0 George L McLendon 40.00 X 471232 0 80264 Katherine E Collins 40.00 X 336143 0 41339 Darrow Zeidenstein 40.00 X 361900 0 59184 Kevin E Kirby 40.00 X 388439 0 92759 Christopher Munoz 40.00 X 309797 0 51290 Allison K Thacker 40.00 X 153409 0 13607 Linda L Thrane 40.00 X 321551 0 41885 Richard Zansitis 40.00 X 348636 0 59768 Ronald E Long 40.00 X 462117 0 52939 Evelyn Stewart 40.00 X 182460 0 37631 Claire Dwyer Nelson 40.00 X 279771 0 57100 Larry P Perez 40.00 X 176539 0 44961 Susan Castanza 40.00 X 118097 0 24559 Joseph B Davidson 40.00 X 210841 0 43900 Veta J Byrd 40.00 X 145679 0 21321 Renee A Block 40.00 X 96542 0 21284 Daniel Carson 40.00 X 341547 0 56735 William H Glick 40.00 X 445884 0 88116 Benjamin A Braun 40.00 X 565174 0 33723 Wayne L Graham 40.00 X 575521 0 44855 David E Bailiff 40.00 X 589981 0 56405 Brent Smith 40.00 X 626099 0 37032 Vikas Mittal 40.00 X 645160 0 55107 Edwin L Thomas 40.00 X 202151 0 32440 Carlos Garcia 40.00 X 220759 0 22672 Eugene Levy 40.00 X 449945 0 46472 Kathleen Matthews 40.00 X 302468 0 61814 10187312 0 1597913 561 1 1 0 Winstead PC 600 Travis St Suite 1100 Houston TX 77002 Legal 1038542 PricewaterhouseCoopers LLP 1201 Louisiana St Suite 2900 Houston TX 77002 Audit and tax 574000 Baker Botts LP 910 Louisiana St Houston TX 77002 Legal 495654 Larson & McGowin PO Box 293 Merryville LA 70653 Forestland management 398721 Cambridge Associates 4100 North Fairfax Dr Suite 1300 Arlington VA 22203 Investment consulting 309232 30 269657 97302340 114466402 14378899 212038399 Tuition and fees 900099 206737626 206737626 Auxiliary operations 900099 40550543 40550543 Department sales 541900 22097490 21950734 146756 Research contracts 900099 5259326 5259326 Student loan interest 900099 323942 323942 274968927 114386701 119376162 -4989461 458547 458547 773752000 78018 607517000 840683 166235000 -762665 165472335 165472335 211882 269657 355004 -143122 -143122 Oil and gas 900099 22914073 22914073 22914073 790095860 394656880 -4842705 188243286 102677084 102677084 7413538 2079456 4412998 921084 239742969 213763599 19576346 6403024 19275834 17121609 1582428 571797 33429158 29693188 2744329 991641 14613609 12980424 1199688 433497 867955 115772 752183 693977 16250 677727 361360 361360 3572645 3572645 13920219 12255869 736072 928278 1636470 1533043 89926 13501 8103012 7158866 182852 761294 14605716 12471075 1866804 267837 139353 139353 40991487 40798553 137531 55403 15548130 14417093 681885 449152 10681259 9183246 488561 1009452 29762161 28432860 1329301 61755218 60530554 1224664 3193643 2962362 224381 6900 Subcontracts 14056141 14056141 637040938 582386397 41841681 12812860 11760040 9726337 155859772 183655635 15092937 17170562 100000 100000 100000 100000 192830806 207153838 1156527 1186344 8857154 11017373 1779785581 577375128 1034956594 1202410453 4536611065 4351449354 118997 118344 329045050 228749225 6286488942 6212837465 59831228 67843656 21980790 24041226 859909235 839664235 102424004 98098246 1044145257 1029647363 X 2530522755 2466329442 1735121012 1724659894 976699918 992200766 5242343685 5183190102 6286488942 6212837465 X 153054922 -212208505 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 352360 0 1 9000 361360 0 Part IV, Supplemental Information: Part II-B Line 1 (i) Other activities include dues paid to professional organizations who employ lobbyists. An insubstantial portion of the university's total activities involved legislative and regulatory matters of direct concern to higher education or of a compelling importance to Rice in particular. Institutional efforts to influence legislation are directed by the Office of Public Affairs. The university does not now have a lobbying office in Washington or Austin or employ anyone in those cities to engage in lobbying. During this period, the university employed a full-time person whose primary assignment included federal and state lobbying activity and an outside registered lobbyist in Washington for part-time work. Activities included contacts by letters, phone calls, and meetings with legislators, members of their staffs, or other government officials and meetings with local citizens regarding issues. The total amount spent by Rice in lobbying represents an insignificant part of the university's total expenditures, even taking into consideration the most generous allowances for any activities that may be defined as lobbying by Rice employees outside the Office of Public Affairs working on behalf of the university. Rice also pays membership dues to associations of educational institutions and those organizations may in turn lobby on behalf of the interests of their members. 201350 8109672 X X X 0 4498951000 27061000 135708458 220151000 3427458 4438142000 3835723000 49988840 837479000 20032196 200348804 3858840 4498951000 3665267000 31610000 357459320 22052502 198824498 2263680 3835723000 4646434000 62611000 -836508964 23368000 191291000 2610036 3665267000 0.43900 0.22000 0.34100 0 0 23784765 23784765 1380640663 344633513 1036007150 369017595 231430039 137587556 6342558 1311576 5030982 1202410453 Actuarial liability for annuities payable 98098246 98098246 Part III, Line 4: The university accepts, from time to time, donations of art, historical treasures or similar assets. Such items are available for public exhibition and are available for scholarly research. The university is a steward of these assets, preserving them for future generations. The asset amount reported for art held for public exhibition includes the construction and installation costs for outdoor sculpture. Description of Intended Use of Endowment Funds: Part V, Line 4: The university's endowment earnings distribution policy guides the rate at which funds are released from the endowment for current spending. The policy reflects the desire to balance the current resource needs of the university with the long-term objective of preserving the purchasing power of the endowment for future generations and ensuring reasonable year-over-year stability of future endowment payouts. Under the policy, endowment spending is between four percent and six and one-half percent of the trailing three-year average endowment market value, with a targeted range of four and one-half percent to five and one-half percent in the intermediate range. Endowment contributions amount includes $8,908,000 of transfers and other additions for which there is no specific line on the schedule. Description of Uncertain Tax Positions Under FIN 48: Part X: The university and its subsidiary corporations did not have any material income tax liabilities for the years ended June 30, 2012 and 2011. The university has no financial reporting requirements for uncertain tax positions for the years ended June 30, 2012 and 2011. 1 1 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The university includes a statement of its racially nondiscriminatory policy toward students in brochures, catalogues, and other written communications with the public dealing with student admissions, programs and scholarships. Explanation of Document Retention Schedule E, Part I, Line 4 Rice makes every effort within the context of a large university to retain copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student admission, programs and scholarships. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The university receives research and instructional grants and contracts, fellowships and student aid awards, and occasional construction grants and contracts from various state and federal agencies. Central America and Caribbean 0 0 Program services, fundraising, conference travel, investments Programs with local universities, research field work 235466 South Asia 0 0 Program services, conference travel Programs with local universities 356492 Russia and the Newly Independent States 0 0 Program services, fundraising, conference travel Research field work 67259 North America 0 0 Program services, fundraising, conference travel Programs with local universities, research field work 536655 Middle East and North Africa 0 0 Program services, conference travel Research field work, programs with local universities 609572 East Asia and Pacific 0 0 Program services, fundraising, conference travel Programs with local universities, rsearch field work 2221151 Europe 1 1 Program services, fundraising, conference travel, investments Educational program for architecture students, field work, programs with local universities 3318832 Sub-Saharan Africa 0 0 Program services Research field work 775402 South America 0 0 Program services Research field work, programs with local universities 1092115 Central America and Caribbean 0 0 Investments 934643634 Europe 0 0 Investments 57738665 North America 0 0 Investments 4115875 1 1 0 0 1 1 8120829 997590289 1005711118 1 0 1 1 1 1 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: The university does not award grants or assistance outside the United States. The university participates in a number of alternative investment arrangements, including partnerships based in foreign countries. The university does not have access to any bank accounts that may be maintained by the partnership nor direct control over any partnership assets. The university is in compliance with reporting requirements and files IRS forms 926, 5471, and 8865 as required as well as TDF form 90.22-1. The university has a bank account in France associated with an educational program in the School of Architecture. All other accounts listed are alternative investments as described above. RDA Gala 150245 100000 50245 81069 FOF Events 210963 95927 115036 126432 5 120331 73730 46601 147503 481539 269657 211882 355004 355004 -143122 Fundraising events Sch G The fundraising event revenue includes ticket sales for paid admissions. The event expense includes costs for paid attendees and guests invited by Rice. Rice invited a number of guests at its expense for donor development purposes. Paid fundraisers Sch G Rice University employees conduct all fundraising activities. The university does not contract with professional fundraising services. 1 Scholarships applied to student accounts 4195 89950773 FMV Scholarships paid out 997 12726311 FMV Sch I Awards to undergraduates are based primarily on financial need determined by documented financial aid eligibility. Institutional need and merit awards, government grants and outside scholarships provided aid to over 2,400 undergraduates during the year. Graduate students are admitted based on merit as determined by the department to which they are admitted for study and they receive aid from that department or from external agencies. Loans are awarded to eligible students based on need. Over $12 million was paid directly to students (Form 990, Part III, line 4a) with the remainder applied internally to tuition, fees, and room and board. X X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 David W Leebron 788593 0 0 0 70877 0 229910 0 88841 0 1178221 0 0 0 George L McLendon 432732 0 0 0 38500 0 61410 0 18854 0 551496 0 0 0 Katherine E Collins 309143 0 0 0 27000 0 31410 0 9929 0 377482 0 0 0 Darrow Zeidenstein 328900 0 0 0 33000 0 24060 0 35124 0 421084 0 0 0 Kevin E Kirby 349939 0 0 0 38500 0 61410 0 31349 0 481198 0 0 0 Christopher Munoz 262132 0 2500 0 45165 0 31410 0 19880 0 361087 0 0 0 Allison K Thacker 120409 0 0 0 33000 0 13069 0 538 0 167016 0 0 0 Linda L Thrane 283051 0 0 0 38500 0 31410 0 10475 0 363436 0 0 0 Richard Zansitis 312136 0 0 0 36500 0 31410 0 28358 0 408404 0 0 0 Ronald E Long 423617 0 0 0 38500 0 31410 0 21529 0 515056 0 0 0 Evelyn Stewart 160460 0 0 0 22000 0 22764 0 14867 0 220091 0 0 0 Claire Dwyer Nelson 239771 0 25000 0 15000 0 31410 0 25690 0 336871 0 0 0 Larry P Perez 145039 0 15000 0 16500 0 17340 0 27621 0 221500 0 0 0 Joseph B Davidson 210841 0 0 0 0 0 21224 0 22676 0 254741 0 0 0 Veta J Byrd 139679 0 0 0 6000 0 12433 0 8888 0 167000 0 0 0 Daniel Carson 303047 0 0 0 38500 0 31410 0 25325 0 398282 0 0 0 William H Glick 407384 0 0 0 38500 0 31410 0 56706 0 534000 0 0 0 Benjamin A Braun 451284 0 54080 0 59810 0 31410 0 2313 0 598897 0 0 0 Wayne L Graham 326300 0 205000 0 44221 0 31410 0 13445 0 620376 0 0 0 David E Bailiff 435831 0 108150 0 46000 0 31410 0 24995 0 646386 0 0 0 Brent Smith 626099 0 0 0 0 0 24060 0 12972 0 663131 0 0 0 Vikas Mittal 612160 0 0 0 33000 0 24060 0 31047 0 700267 0 0 0 Edwin L Thomas 185799 0 0 0 16352 0 24660 0 7780 0 234591 0 0 0 Carlos Garcia 204259 0 0 0 16500 0 21224 0 1448 0 243431 0 0 0 Eugene Levy 345485 0 0 0 104460 0 31410 0 15062 0 496417 0 50000 0 Kathleen Matthews 288468 0 0 0 14000 0 31410 0 30404 0 364282 0 0 0 Part I, Line 1a The university's written travel policy permits payment only of necessary and reasonable expenses for travel on university business. The university's policies constitute an accountable plan and are designed to comply with applicable Internal Revenue Service rules. Coach class airfare is required except in certain limited circumstances. These include medical necessity, contractual obligations, and scheduled flight segments over six hours in length, when business class fares may be used with prior approval. In rare cases, when an exception applies and no business class fare is available, a first class fare may be used, again with prior approval and documentation. Charter travel is sometimes employed for athletics teams, including coaches, when such travel is the least costly method of transportation. Under the university's travel policy, the university does not pay the travel cost of companions, unless there is a valid university business purpose for the companion's travel. Written approval must be obtained in advance from the appropriate dean or vice president documenting the reason for incurring the expense. When the university uses chartered air or ground transportation, travel for companions may occasionally be provided if the university incurs no additional cost. The president of the university is required to occupy university-owned housing as a condition of employment. Housekeeping staff and groundskeepers are provided for such property. The cost of such services not related to public areas of the house is included in compensation reported. The fair market value of the housing provided, based on the appraised value of the house, is reported in the president's compensation as a non-taxable benefit. Social club dues were paid for the president, head baseball and head basketball coaches of the university and included in compensation reported. Part I, Line 3 The CORD Committee of the Board of Trustees of Rice University employs a process for reviewing the reasonableness of compensation for the President and other disqualified persons at the university, which includes some key employees, pursuant to Section 4958 of the Internal Revenue Code. This process was most recently discussed with the full Board of Trustees in March 2011. The written process is annually reviewed prior to approval of changes to compensation for all disqualified persons at Rice, and is revised from time to time to add new disqualified persons as appropriate. The roster of disqualified persons is annually reviewed. The committee's process is intended to assure the Board of Trustees that compensation arrangements for all disqualified persons are reasonable and satisfy the requirements of the Internal Revenue Code and regulations. The process is as follows: 1) Ensuring that the terms of transactions are approved by the organization's governing body, or a committee thereof, whose members have no conflict of interest with respect to the arrangement. a) Board of Trustees delegated authority to the CORD Committee to act on behalf of the Board in these matters at its meeting on March 25, 1999. b) Each compensation package will be reviewed and approved by the CORD Committee prior to the beginning of the fiscal year, or before the effective date of specific pay increases, and usually at the May CORD Committee meeting, via a later telephone meeting or by written consent in lieu of a meeting. c) None of the members of the CORD Committee has a conflict of interest with respect to this arrangement. d) Members will recuse themselves from any vote in which they have a potential or actual conflict of interest. 2) Ensuring the governing body or committee obtains and relies upon appropriate, comparable data before making its determination. a) Rice participates in the Towers Watson annual survey of select universities' executive compensation, and appropriate additional special surveys. These reports reflect executive compensation in universities of a stature similar to that of Rice, and with which Rice competes for faculty and staff. b) The President's recommendations for any revisions to compensation of disqualified persons and key employees (other than himself) are reviewed by the committee and compared to appropriate peer survey information for reasonableness. c) The committee reviews appropriate peer surveys and compares them to the President's compensation prior to making any decision to revise the compensation. d) The committee may also seek and rely on other relevant information in a given case, including compensation levels paid by other taxable and tax-exempt organizations for functionally comparable positions, geographic market forces, and actual written offers from similar institutions competing for the services of the disqualified person. e) The CORD Committee will rely on this data in approving compensation, and will document any determinations that reasonable compensation is an amount more than the range of comparable data. 3) Ensuring that the governing body or committee adequately documents the basis for making determinations concurrently with making decisions. Minutes documenting the deliberations of the CORD Committee regarding such matters are prepared contemporaneously, for review and approval at its next meeting. Part I, Line 4b The following officer(s), director(s), trustee(s), key employee(s) and/or highest compensated employees participated in or received payment from a supplemental non-qualified retirement plan in calendar year 2011, subject to satisfying vesting conditions related to continuing service to the university. Awards are included in the amounts shown in Part II, column C. Amounts that are taxable upon vesting or distribution are included in Part II, column B (iii). David Leebron: $160,000 award; $196,742 distribution of a prior award Eugene Levy: $68,460 vesting of a prior award of which $20,568 was distributed George McLendon: $30,000 award Kevin Kirby: $30,000 award Part I, Line 7 Contracts of certain individuals include provisions that allow them to receive additional compensation if specific criteria are met or performance thresholds are achieved. Payments were made under such contracts in calendar year 2011 to David Bailiff, Benjamin Braun, and Wayne Graham. Bonuses were paid to Christopher Munoz, Larry Perez, Claire Nelson, and Renee Block. City of Houston Higher Education Finance Corporation 760387014 442378DW2 2008-06-04 200000000 Construction bond 0 0 0 City of Houston Higher Education Finance Corporation 760387014 442378DA0 2007-06-12 314632113 Construction bond 0 0 0 City of Houston Higher Education Finance Corporation 760387014 442378BZ7 2006-03-29 147180000 Refunding (7/20/99 and 2/3/06) 0 0 0 City of Houston Higher Education Finance Corporation 760387014 442378DZ5 2010-06-02 139887000 Construction bond 0 0 0 200000000 119676 28800000 1102506 169977818 2009 1 0 1 1 6410000 314632113 10609470 47400000 2493655 254128988 2010 1 0 1 1 147180000 829157 146350843 1 1 1 1 139887123 1767128 1186594 101354975 35578426 0 0 0 1 0 1 1 1 1 1 0.02380 0.00000 0.02380 1 0 1 1 1 1 1 0.00240 0.00000 0.00240 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 1 1 1 0.00000 0.00000 0.00000 1 0 1 0 1 LB Bayerische Landes 1.700000000000 1 0 1 0 0 0 1 JP Morgan Chase 1.900000000000 1 0 1 0 1 1 JP Morgan Chase and 23.700000000000 0 0 0 0 0 0 1 0 0 0 1 X CHHEFC Rice University Series 2008A and 2008B have CUSIP numbers 442378DW2 and 442378DV4. CHHEFC Rice University Series 2007A and 2007B have the following CUSIP numbers: 442378CD5 442378CE3 442378CF0 442378CG8 442378CH6 442378CJ2 442378CK9 442378CL7 442378CM5 442378CN3 442378CP8 442378CQ6 442378CR4 442378CS2 442378CT0 442378CU7 442378CV5 442378CW3 442378CX1 442378CY9 442378CZ6 442378DA0 CCHEFC Rice University Series 2006A and 2006B have CUSIP numbers 442378BZ7 and 442378CA1 The university has practices and procedures to monitor private business use in debt-financed buildings to ensure that it does not exceed permitted limits. The university has a policy allocating equity first to any private business use. Commercial paper issues are current refunding issues. City of Houston Higher Education Finance Corporation 760387014 44237LQV1 2012-06-01 5410000 Rollover CP 0 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LQY5 2012-06-06 10000000 Rollover CP 0 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LQZ2 2012-06-11 4010000 Rollover CP 0 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LRA6 2012-06-27 9725000 Rollover CP 0 0 0 5410000 5410000 1 0 1 1 10000000 10000000 1 0 1 1 4010000 4010000 1 0 1 1 9725000 9725000 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 1 City of Houston Higher Education Finance Corporation 760387014 44237LQS8 2012-04-11 5230000 Rollover CP 0 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LQW9 2012-06-05 4000000 Rollover CP 0 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LQX7 2012-06-05 6000000 Rollover CP 0 0 0 5230000 5230000 1 0 1 1 4000000 4000000 1 0 1 1 6000000 6000000 1 0 1 1 0 0 1 1 1 1 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 1 0 1 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 1 George McLendon Relocation X 100000 100000 0 1 1 Richard Greenspan Relocation X 100000 100000 0 1 0 200000 Y Ping Sun President's spouse 98792 Employee 0 Mary Farach-Carson Employee's spouse 242921 Employee 0 Sevin Rosen Funds Trustee is managing general partner 145938 Inv fee 0 David Biancamano Employee's relative 49113 Employee 0 Sch L Part IV Trustees Kent Anderson and L.E. Simmons have a business relationship. Trustees Nancy Carlson and John Jaggers have a business relationship. X 7 201350 FMV X 146 14115093 FMV X 4 4 Nominal X Model of spacecraft 1 2500 FMV X Aircraft 1 11702 FMV X Musical instrument 1 48000 FMV X Sheet music 1 250 FMV 0 1 0 Form 990, Part VI, Section A, line 2 Trustees Kent Anderson and L.E. Simmons have a business relationship. Trustees Nancy Carlson and John Jaggers have a business relationship. Form 990, Part VI, Section B, line 11 A draft copy of Form 990 is discussed with the Audit Committee and the Compensation and Organizational Development (CORD) Committee of the Board of Trustees and the final Form 990 is provided to all of the trustees before it is filed. The Form 990 is prepared by the Controller's Office in consultation with other university offices, reviewed within the Controller's Office, reviewed by PricewaterhouseCoopers as the paid preparer, reviewed by the Vice President for Finance and the President together with senior management before it is provided to the trustees. Form 990, Part VI, Section B, line 12c A conflict of interest questionnaire is completed annually by officers, directors, trustees, key employees and other disqualified persons. Members of the university's Board of Trustees and senior management may, from time to time, be associated, either directly or through interlocking board memberships, with entities doing business with the university. The university employs a conflict of interest policy that requires any such associations be disclosed in writing on an annual basis. When such associations exist, measures are taken to mitigate any actual or perceived conflict, including recusal of the board member from any decisions involving the entity doing business with the university. The transactions with the entities associated with trustees or senior management are not considered to be significant and may include investment management, common participation in investment vehicles, or the purchases of goods or services. When the university enters into such transactions, the prices are set at fair market value and the terms are no less beneficial than those offered to others in the ordinary course of business. Form 990, Part VI, Section B, line 15 Compensation of the organizations' officers is determined by the CORD committee of the Board of Trustees based on comparability data. The deliberations and decisions of the CORD committee of the Board of Trustees are contemporaneously documented as are all meetings of the Board and its committees. Further detail is provided in Schedule J, Part III. Form 990, Part VI, Section C, line 19 The articles of incorporation are filed with the state and are publicly available. The financial statements are available to the public on the university's website and by request. Copies of the Form 990 and Form 990T tax returns are available to the public on request. The university's conflict of interest policy is available on the university's website. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -189,524,482. Subcorps -22,684,023. Total to Form 990, Part XI, Line 5: -212,208,505. Partnership - Rice and JTVP 6100 Main Street Houston TX 77005 Architectural education FR 200300 16807 William Marsh Rice University Village Real Property Inc 6100 Main Street Houston TX 77005 760353959 Real estate title holding TX 501(c)2 William Marsh Rice University 1 Village Project Inc 6100 Main Street Houston TX 77005 760371337 Real estate title holding TX 501(c)2 William Marsh Rice University 1 JTVP Corporation 6100 Main Street Houston TX 77005 760258573 Real estate title holding TX 501(c)2 William Marsh Rice University 1 Village Venturers Inc 6100 Main Street Houston TX 77005 760258561 Real estate title holding TX 501(c)2 William Marsh Rice University 1 Rice Land Lumber Co 6100 Main Street Houston TX 77005 746045400 Real estate title holding TX 501(c)2 William Marsh Rice University 1 RU Corporation 6100 Main Street Houston TX 77005 746081393 Real estate title holding TX 501(c)2 William Marsh Rice University 1 Rice Trust Inc 6100 Main Street Houston TX 77005 741698122 Trust company TX 501(c)4 William Marsh Rice University 1 CCR Inc 6100 Main Street Houston TX 77005 383751177 Type I supporting organization TX 501(c)3 Line 11a, I William Marsh Rice University 1 HATRC 6100 Main Street Houston TX 77005 455431287 Type I supporting organization TX 501(c)3 Line 11a, I William Marsh Rice University 1 RI Patents 6100 Main Street Houston TX 77005 746067201 Patent company TX William Marsh Rice University C 1 1 1.00000 WMR Technology 6100 Main Street Houston TX 77005 760255197 Patent company TX William Marsh Rice University C 1 1 1.00000 Peabody Inc 6100 Main Street Houston TX 77005 412049836 Real estate title holding TX William Marsh Rice University C 1 1 1.00000 75 Trusts 6100 Main Street Houston TX 77005 Support TX William Marsh Rice University T 67975426 58431143 1.00000 1 Trust 6100 Main Street Houston TX 77005 Support CA William Marsh Rice University T 1 21986741 0.60000 0 1 0 0 0 1 0 0 1 1 1 0 1 1 0 1 1 1 Rice Trust Inc N 192815 Village Venturers Inc R 121200 Rice Land Lumber Company R 6006787 R U Corporation R 63964 Village Project Inc R 874209 Village Real Property Inc R 752306 HATRC P 158746 CCR B 4708394 CCR J 12017966 CCR I 2000000 CCR P 5653918 CCR Q 1709278 CCR F 1607144