2013-05-15T12:32:42-05:00 2012-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2011-07-01 951642394 University of Southern California % ERIK BRINK UNIV COMPTROLLER UNIV 2138211900 UNIVERSITY GARDENS Los Angeles CA 900898003 ROBERT ABELES 2013-05-15 true 6175305000 2011 2016-02-24 21:20:13Z DR CHRYSOSTOMOS L NIKIAS UNIVERSITY GARDENS-UGB203 LOS ANGELES CA 900898003 3607154572 false X http://www.usc.edu X 1895 CA SEE SCHEDULE O 54 41 26100 53792988 1029333297 848815407 2417920422 2595198833 206738312 160130046 2290335 2394879 3656282366 3606539165 369476211 416149397 0 0 1727326128 1898194370 0 0 43406032 1016078871 1067467561 3112881210 3381811328 543401156 224727837 7321980809 7759326807 1868210870 2243920048 5453769939 5515406759 X SEE SCHEDULE O false false 1478916069 411423677 1365963351 INSTRUCTION: 17,414 STUDENTS IN UNDERGRADUATE CLASSES: 20,596 STUDENTS IN GRADUATE AND PROFESSIONAL CLASSES: 4,539 BACHELOR DEGREES CONFERRED AND 7,654 ADVANCED DEGREES CONFERRED IN 2011-2012. 889903000 0 597831556 HEALTH CARE SERVICES: THE DOCTORS OF USC ARE MORE THAN 500 PHYSICIANS AND SPECIALISTS WHO ARE FULL-TIME FACULTY MEMBERS OF THE KECK SCHOOL OF MEDICINE OF USC. USC PHYSICIANS PRACTICE AT KECK HOSPITAL OF USC, USC NORRIS CANCER HOSPITAL, DOHENY EYE INSTITUTE, HEALTH CARE CENTERS ON THE HEALTH SCIENCES CAMPUS AND IN DOWNTOWN LOS ANGELES, AND AT LOS ANGELES COUNTY & USC MEDICAL CENTER AND CHILDRENS HOSPITAL LOS ANGELES. 285691000 0 254857238 AUXILIARY ENTERPRISES: APPROXIMATELY 37,000 STUDENTS AND 16,000 FACULTY AND STAFF ARE SERVED BY THE BOOKSTORE, DINING SERVICES, HOUSING, PARKING FACILITIES AND OTHER SERVICES THAT SUPPORT EDUCATIONAL ACTIVITIES. 394935362 4754362 376546688 3049445431 true true false true false false false true true true true true false false true false false true true true true true false false true false true true true true true true false false false false false true false true true true true true false false true true true true false false true X 6725 0 true 26100 true true true true SP FR UK CH KS MX TW false false false true true false false false false X 54 41 true false true false false false false true true false true true true true true true true true true true false CA X ERIK BRINK UNIV COMPTROLLER 2138211900 UNIV GARDENS-UGB203 LOS ANGELES CA 90089 WALLIS ANNENBERG 1.0 X 0 0 0 WANDA M AUSTIN 1.0 X 0 0 0 LISA BARKETT 1.0 X 0 0 0 THOMAS BARRACK 1.0 X 0 0 0 MARC R BENIOFF 1.0 X 0 0 0 JOSEPH M BOSKOVICH 1.0 X 0 0 0 GREGORY P BRAKOVICH 1.0 X 0 0 0 RICK J CARUSO 1.0 X 0 0 0 ALAN I CASDEN 1.0 X 0 0 0 RONNIE C CHAN 1.0 X 0 0 0 YANG HO CHO 1.0 X 0 0 0 CHRISTOPHER COX 1.0 X 0 0 0 FRANK H CRUZ 1.0 X 0 0 0 RICHARD A DEBEIKES JR 1.0 X 0 0 0 DAVID H DORNSIFE 1.0 X 0 0 0 DANIEL J EPSTEIN 1.0 X 0 0 0 CAROL CAMPBELL FOX 1.0 X 0 0 0 CHENGYU FU 1.0 X 0 0 0 STANLEY P GOLD 1.0 X 0 0 0 TAMARA HUGHES GUSTAVSON 1.0 X 0 0 0 JANE HARMAN 1.0 X 0 0 0 MING HSIEH 1.0 X 0 0 0 RAY R IRANI 1.0 X 0 0 0 SUZANNE NORA JOHNSON 1.0 X 0 0 0 LYDIA H KENNARD 1.0 X 0 0 0 KENNETH R KLEIN 1.0 X 0 0 0 JOHN KUSMIERSKY 1.0 X 0 0 0 DANIEL D LANE 1.0 X 0 0 0 DAVID L LEE 1.0 X 0 0 0 MONICA C LOZANO 1.0 X 0 0 0 JOHN C MARTIN 1.0 X 0 0 0 KATHLEEN L MCCARTHY 1.0 X 0 0 0 JAMIE MCCOURT 1.0 X 0 0 0 JOHN MORK 1.0 X 0 0 0 JERRY W NEELY 1.0 X 0 0 0 CHRYSOSTOMOS L NIKIAS 50.0 X X 1079974 0 359152 ROBERT PADGETT 1.0 X 0 0 0 JOAN A PAYDEN 1.0 X 0 0 0 JANE HOFFMAN POPOVICH 1.0 X 0 0 0 BLAKE QUINN 1.0 X 0 0 0 LORNA Y REED 1.0 X 0 0 0 LINDA JOHNSON RICE 1.0 X 0 0 0 EDWARD P ROSKI JR 1.0 X X 0 0 0 BARBARA J ROSSIER 1.0 X 0 0 0 WILLIAM J SCHOEN 1.0 X 0 0 0 WILLIAM EB SIART 1.0 X 0 0 0 ROBERT H SMITH 1.0 X 0 0 0 JEFFREY H SMULYAN 1.0 X 0 0 0 STEVEN SPIELBERG 1.0 X 0 0 0 MARK A STEVENS 1.0 X 0 0 0 RONALD D SUGAR 1.0 X 0 0 0 RATAN N TATA 1.0 X 0 0 0 DANIEL M TSAI 1.0 X 0 0 0 RONALD N TUTOR 1.0 X 0 0 0 ANDREW J VITERBI 1.0 X 0 0 0 WILLIS B WOOD JR 1.0 X 0 0 0 ELIZABETH GARRETT 50.0 X 769622 0 40696 ROBERT ABELES 50.0 X 657836 40676 ALBERT R CHECCIO 50.0 X 687770 0 34547 TODD R DICKEY 50.0 X 598655 0 33078 THOMAS S SAYLES 50.0 X 329627 0 26355 CAROL MAUCH AMIR 50.0 X 475860 0 45916 MITCHELL R CREEM 50.0 X 819765 0 70253 JAMES G ELLIS 50.0 X 519882 0 42354 HOWARD A GILLMAN 50.0 X 482405 0 87523 LISA ANN MAZZOCCO 50.0 X 605757 19468 CARMEN A PULIAFITO MD 50.0 X 1144013 0 45510 YANNIS C YORTSOS 50.0 X 386580 0 90521 VAUGHN A STARNES MD 50.0 X 2713965 0 46619 MONTE LANE KIFFIN 50.0 X 2550908 0 43183 PATRICK C HADEN 50.0 X 2208473 39205 MONTE GEORGE KIFFIN 50.0 X 1752436 39119 KEVIN O'NEILL 50.0 X 1670066 0 47683 STEVEN B SAMPLE 40.0 X 1749742 65901 ALAN KREDITOR 40.0 X 360900 0 40188 MARTHA HARRIS 35.0 X 296163 31691 Dennis F Dougherty 20.0 X 101084 0 0 21961483 0 1289638 3283 true true false 2TOR INC 1150 S OLIVE STREET SUITE 2050 LOS ANGELES CA 90015 CONSULTING 29409706 USC CARE MEDICAL GROUP 1510 SAN PABLO STREET LOS ANGELES CA 900334613 PATIENT CARE 23400462 TUTOR-SALIBA CORPORATION 15901 OLDEN STREET SYLMAR CA 91342 CONSTRUCTION SVCS 17867577 HATHAWAY DINWIDDIE CONSTRUCTION CO 275 BATTERY STREET STE 300 SAN FRANCISCO CA 941113330 CONSTRUCTION SVCS 12498601 ARAMARK CORPORATION 1101 MARKET STREET PHILADELPHIA PA 19107 MAINTENANCE SERVICES 12332000 553 323160612 525654795 39125663 848815407 TUITION & FEES 900099 1365963351 1365963351 SALES & SERVICE 900099 28901825 28901825 AUXILIARY ENTERPRISES 900099 254857238 203126778 51730460 PROFESSIONAL SERVICES AGREEMENT 900099 119501213 119501213 NET PATIENT SERVICE 900099 597831556 597831556 228143650 228143650 2595198833 57916360 -5409917 63326277 0 2197867 2197867 102213686 102213686 102213686 7472445 94741241 812419 615407 197012 197012 0 0 0 3606539165 2543468373 53792988 160462397 1181576 1181576 411423677 411423677 3544144 3544144 0 10050309 6371959 2781070 897280 3715624 1339513 907655 1468456 1451511437 1306333628 124681258 20496551 121951188 104580634 15065176 2305378 226471283 194213036 27977010 4281237 84494529 72459248 10437987 1597294 0 6663969 6663969 2128176 2128176 1169463 1169463 0 10681104 10681104 0 0 589139233 551887545 25887950 11363738 0 0 35879277 34189861 1645763 43653 53386263 50065501 2561691 759071 0 0 61239555 23169980 38066201 3374 0 159238000 148637000 10411000 190000 9063855 9063855 COST OF GOODS SOLD 85752000 85752000 UNIVERSITY SERVICES 53126666 53126666 3381811328 3049445431 288959865 43406032 0 0 865775780 894317185 396774874 434214622 265295025 290215055 3775158 5403858 457698 420017 79386979 78298105 19949131 17462192 124179433 129174827 3759080209 1500237262 2133471623 2258842947 1576852523 1764419333 1593745353 1597361227 0 0 0 0 262317232 289197439 7321980809 7759326807 300098349 352208639 0 0 122262407 145871407 895241827 890014099 0 0 31280750 15000000 8563167 305899508 0 0 510764370 534926395 1868210870 2243920048 X 2618600486 2603763004 1227569859 1258431762 1607599594 1653211993 5453769939 5515406759 7321980809 7759326807 X 224727837 -163091017 X false true true X true true X false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 1169463 true true 1169463 false SCHEDULE C, PART II-B, LINE 1(G)-(I) the university of southern california'S efforts INCLUDE THE PROMOTION OF higher appropriations for student aid and basic research programs and efforts to generally further the university's MISSION OF EDUCATION AND RESEARCH AT THE LOCAL, STATE AND FEDERAL LEVEL. The University pays dues to member organizations which may lobby on its behalf. 5190040 X X X X X EDUCATION false true 148206977 1653552 8081039 141779490 false 3346023447 132220066 -5789619 31233067 118588936 0 3322631891 2795499323 79010238 616999544 30366052 115119606 0 3346023447 2528445000 89512842 317498547 29509947 110447119 0 2795499323 3368932595 61771420 -765468864 28585896 108204255 0 2528445000 0.30200 0.69800 true false 136373206 136373206 2629785379 974738989 1655046390 451871256 311421522 140449734 541050368 214076751 326973617 2258842947 HEDGE FUND 590368569 F PRIVATE EQUITY 1006992658 F 1597361227 0 FOR ANNUITIES PAYABLES 145354915 SELF INSURANCE RESERVES 134925760 FEDERAL STUDENT LOAN FUNDS 67410604 OBLIGATION 101436953 REFUNDABLE ADVANCES 18959545 CAPITAL LEASE OBLIGATION 59944245 OTHER LIABILITIES 6894373 534926395 Schedule D, Part III, Line 4 The University of Southern California retains multiple collections of art, historical treasures and other similar assets such as books, scripts, films and photography. These collections are protected and preserved for education, research and public exhibition purposes. Schedule D, Part IV, Line 1B The University acts as the fiscal agent for funds related to University sponsored and/or affiliated programs. The University does not own the funds associated with these programs. Schedule D, Part V, Line 4 The intent of the University's endowment funds is to generate the revenues necessary to support the University's exempt purposes, including education, research and scholarships. Schedule D, Part X THE UNIVERSITY OF SOUTHERN CALIFORNIA DOES NOT HAVE A FIN 48 FOOTNOTE AS ANY UNCERTAIN TAX POSITIONS WERE DEEMED IMMATERIAL. true true true true true true true false false false false false false false false true false true SCHEDULE E - EXPLANATION FOR LINE 3 NON-DISCRIMINATION POLICY THE UNIVERSITY OF SOUTHERN CALIFORNIA IS AN EQUAL OPPORTUNITY EMPLOYER AND EDUCATOR. PROUDLY PLURALISTIC AND FIRMLY COMMITTED TO PROVIDING EQUAL OPPORTUNITY FOR OUTSTANDING MEN AND WOMEN OF EVERY RACE, CREED AND BACKGROUND, THE UNIVERSITY OF SOUTHERN CALIFORNIA STRIVES TO BUILD A COMMUNITY IN WHICH EACH PERSON RESPECTS THE RIGHTS OF OTHER PEOPLE TO BE PROUD OF WHO AND WHAT THEY ARE, TO LIVE, WORK AND LEARN IN PEACE AND DIGNITY, AND TO HAVE AN EQUAL OPPORTUNITY TO REALIZE THEIR FULL POTENTIAL AS INDIVIDUALS AND MEMBERS OF SOCIETY. TO THIS END, THE UNIVERSITY PLACES GREAT EMPHASIS ON THOSE VALUES AND VIRTUES THAT BIND US TOGETHER AS HUMAN BEINGS AND MEMBERS OF THE TROJAN FAMILY. THE UNIVERSITY ENTHUSIASTICALLY SUPPORTS THIS POLICY IN ITS ENTIRETY, AND EXPECTS THAT EVERY PERSON ASSOCIATED WITH THE UNIVERSITY WILL GIVE CONTINUING SUPPORT TO ITS IMPLEMENTATION. THE UNIVERSITY OF SOUTHERN CALIFORNIA IS FIRMLY COMMITTED TO COMPLYING WITH ALL APPLICABLE LAWS AND GOVERNMENTAL REGULATIONS AT THE FEDERAL, STATE AND LOCAL LEVELS WHICH PROHIBIT DISCRIMINATION AGAINST, OR WHICH MANDATE THAT SPECIAL CONSIDERATION BE GIVEN TO, STUDENTS AND APPLICANTS FOR ADMISSION, OR FACULTY, STAFF AND APPLICANTS FOR EMPLOYMENT ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, ANCESTRY, RELIGION, GENDER, SEXUAL ORIENTATION, AGE, PHYSICAL DISABILITY, MENTAL DISABILITY, DISABLED VETERAN OR VETERAN OF THE VIETNAM ERA, OR ANY OTHER CHARACTERISTIC WHICH MAY FROM TIME TO TIME BE SPECIFIED IN SUCH LAWS AND REGULATIONS. THIS POLICY ALSO SHALL APPLY TO THE ADMINISTRATION OF ANY OF THE UNIVERSITY'S EDUCATIONAL PROGRAMS AND ACTIVITIES. GENDER INCLUDES BOTH THE ACTUAL SEX OF AN EMPLOYEE OR APPLICANT FOR EMPLOYMENT AND THAT PERSON'S GENDER IDENTITY, APPEARANCE OR BEHAVIOR, WHETHER OR NOT THAT IDENTITY, APPEARANCE OR BEHAVIOR IS TRADITIONALLY ASSOCIATED WITH THAT PERSON'S SEX AT BIRTH. AN OTHERWISE QUALIFIED INDIVIDUAL MUST NOT BE DISCRIMINATED AGAINST OR EXCLUDED FROM ADMISSION, EMPLOYMENT OR PARTICIPATION IN EDUCATIONAL PROGRAMS AND ACTIVITIES SOLELY BY REASON OF HIS OR HER DISABILITY. THIS POLICY APPLIES TO ALL PERSONNEL ACTIONS SUCH AS RECRUITING, HIRING, PROMOTION, COMPENSATION, BENEFITS, TRANSFERS, LAYOFFS, RETURN FROM LAYOFF, TRAINING, EDUCATION, TUITION ASSISTANCE AND OTHER PROGRAMS. THIS GOOD FAITH EFFORT TO COMPLY IS MADE EVEN WHEN SUCH LAWS AND REGULATIONS CONFLICT WITH EACH OTHER. THE UNIVERSITY OF SOUTHERN CALIFORNIA SEEKS COMPLIANCE WITH ALL STATUTES PROHIBITING DISCRIMINATION IN EDUCATION, INCLUDING TITLE VI AND TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, TITLE IX OF THE EDUCATION AMENDMENTS OF 1972, SECTION 504 OF THE REHABILITATION ACT OF 1973, AND THE AMERICANS WITH DISABILITIES ACT OF 1990 WHICH RESPECTIVELY PROHIBIT DISCRIMINATION. IN GENERAL, THE UNIVERSITY DOES NOT SOLICIT OUTSIDE OF ITS WEBSITE AND ADMISSIONS MATERIALS. THE UNIVERSITY'S NON-DISCRIMINATION POLICY IS ON THE UNIVERSITY'S WEBSITE, IN THE FACULTY HANDBOOK, IN SCAMPUS (THE STUDENT HANDBOOK), AND ALSO IN THE UNIVERSITY COURSE CATALOGUE. IN ADDITION, IT IS COMMUNICATED TO ALL STUDENTS DURING ORIENTATION, TO ALL NEW EMPLOYEES WITHIN 60 DAYS OF HIRE, AND TO ALL EMPLOYEES EVERY 2 YEARS AS PART OF THE UNIVERSITY'S HARASSMENT AND DISCRIMINATION PREVENTION TRAINING. SCHEDULE E - EXPLANATION FOR LINE 6a THE UNIVERSITY OF SOUTHERN CALIFORNIA RECEIVES FUNDING FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES IN SUPPORT OF THE UNIVERSITY'S EDUCATIONAL MISSION. true Central America and the Caribbean 0 1 Program Services INSTRUCT,EXCUR,TRAVEL East Asia and the Pacific 1 6 Program Services INSTRUCT,EXCUR,TRAVEL Europe (Including Iceland and Greenland) 1 11 Program Services INSTRUCT,EXCUR,TRAVEL Middle East and North Africa 0 0 Program Services INSTRUCT,EXCUR,TRAVEL North America 0 0 Program Services INSTRUCT,EXCUR,TRAVEL Russia and the Newly Independent States 0 0 Program Services INSTRUCT,EXCUR,TRAVEL Sub-Saharan Africa 0 1 Program Services INSTRUCT,EXCUR,TRAVEL South America 0 0 Program Services INSTRUCT,EXCUR,TRAVEL Central America and the Caribbean 0 0 Program Services RESEARCH East Asia and the Pacific 0 1 Program Services RESEARCH Europe (Including Iceland and Greenland) 0 0 Program Services RESEARCH Middle East and North Africa 0 0 Program Services RESEARCH North America 1 2 Program Services RESEARCH Russia and the Newly Independent States 0 0 Program Services RESEARCH South America 0 0 Program Services RESEARCH South Asia 0 0 Program Services RESEARCH Sub-Saharan Africa 0 0 Program Services RESEARCH Central America and the Caribbean 0 0 Program Services STUDENT TRAVEL ABROAD East Asia and the Pacific 0 0 Program Services STUDENT TRAVEL ABROAD Europe (Including Iceland and Greenland) 0 0 Program Services STUDENT TRAVEL ABROAD Middle East and North Africa 0 0 Program Services STUDENT TRAVEL ABROAD North America 0 0 Program Services STUDENT TRAVEL ABROAD Russia and the Newly Independent States 0 0 Program Services STUDENT TRAVEL ABROAD South America 0 0 Program Services STUDENT TRAVEL ABROAD South Asia 0 0 Program Services STUDENT TRAVEL ABROAD Sub-Saharan Africa 0 0 Program Services STUDENT TRAVEL ABROAD Central America and the Caribbean 0 0 Program Services STAFF TRAVEL ABROAD East Asia and the Pacific 0 0 Program Services STAFF TRAVEL ABROAD Europe (Including Iceland and Greenland) 0 0 Program Services STAFF TRAVEL ABROAD North America 0 0 Program Services STAFF TRAVEL ABROAD South America 0 0 Program Services STAFF TRAVEL ABROAD Middle East and North Africa 0 0 Program Services RECRUITMENT East Asia and the Pacific 0 0 Program Services RECRUITMENT Europe (Including Iceland and Greenland) 0 0 Program Services RECRUITMENT South America 0 0 Program Services RECRUITMENT East Asia and the Pacific 5 8 Program Services RECRUIT,PART,STUD OPP North America 1 1 Program Services RECRUIT,PART,STUD OPP South Asia 1 1 Program Services RECRUIT,PART,STUD OPP East Asia and the Pacific 0 0 Program Services GLOBALIZATION-TRAVEL Middle East and North Africa 0 0 Program Services GLOBALIZATION-TRAVEL North America 0 0 Program Services GLOBALIZATION-TRAVEL South America 0 0 Program Services GLOBALIZATION-TRAVEL South Asia 0 0 Program Services GLOBALIZATION-TRAVEL East Asia and the Pacific 0 66 Program Services INTER EXPER LEARNING Russia and the Newly Independent States 0 0 Program Services INTER EXPER LEARNING South America 0 12 Program Services INTER EXPER LEARNING South Asia 0 4 Program Services INTER EXPER LEARNING Middle East and North Africa 0 2 Program Services INTER EXPER LEARNING Europe (Including Iceland and Greenland) 0 0 Grantmaking North America 0 0 Grantmaking ` East Asia and the Pacific 0 0 Grantmaking Middle East and North Africa 0 0 Grantmaking Central America and the Caribbean 0 0 Investments 473580499 Europe (Including Iceland and Greenland) 0 0 Investments 87296558 North America 0 0 Investments 94932849 3 22 7 94 10 116 655809906 655809906 Europe/Iceland/Greenland RSCH SUBAWRD 103716 WIRE/CHECK FMV North America RSCH SUBAWRD 22578 WIRE/CHECK FMV Europe/Iceland/Greenland RSCH SUBAWRD 14890 WIRE/CHECK FMV North America RSCH SUBAWRD 28208 WIRE/CHECK FMV Europe/Iceland/Greenland RSCH SUBAWRD 316469 WIRE/CHECK FMV Europe/Iceland/Greenland RSCH SUBAWRD 13945 WIRE/CHECK FMV Europe/Iceland/Greenland RSCH SUBAWRD 195498 WIRE/CHECK FMV Europe/Iceland/Greenland RSCH SUBAWRD 159370 WIRE/CHECK FMV East Asia/Pacific RSCH SUBAWRD 29001 WIRE/CHECK FMV East Asia/Pacific RSCH SUBAWRD 36089 WIRE/CHECK FMV Europe/Iceland/Greenland RSCH SUBAWRD 23502 WIRE/CHECK FMV Europe/Iceland/Greenland RSCH SUBAWRD 576878 WIRE/CHECK FMV Europe/Iceland/Greenland RSCH SUBAWRD 1574199 WIRE/CHECK FMV Europe/Iceland/Greenland RSCH SUBAWRD 9500 WIRE/CHECK FMV Europe/Iceland/Greenland RSCH SUBAWRD 61457 WIRE/CHECK FMV North America RSCH SUBAWRD 258844 WIRE/CHECK FMV Middle East/North Africa RSCH SUBAWRD 75000 WIRE/CHECK FMV North America RSCH SUBAWRD 45000 WIRE/CHECK FMV 15 3 TRAVEL AWARD East Asia/Pacific N/A FMV TRAVEL AWARD Europe/Iceland/Greenland N/A FMV TRAVEL AWARD South Asia N/A FMV true false true true true true SCHEDULE F, PART I, COLUMN (F) PURSUANT TO IRS GUIDANCE, EXPENDITURES ARE NOT REQUIRED TO BE REPORTED IN THIS COLUMN FOR THE CURRENT YEAR (WITH THE EXCEPTION OF INVESTMENTS). ZEROES HAVE NOT BEEN INCLUDED IN THIS COLUMN DUE TO TAX SOFTWARE CONSTRAINTS. SCHEDULE F, PART I, LINE 2 THE UNIVERSITY WIRES ITS OFFICE EXPENSES ON A MONTHLY BASIS. THE MONTHLY EXPENSES CONSIST OF FIXED COSTS: PAYROLL, RENT, OCCUPANCY COSTS (SUCH AS PHONE/INTERNET/FAX, CLEANING, ELECTRICITY), CONSULTANTS SUCH AS ACCOUNTANTS, BANK FEES AND NON-FIXED, SUCH AS SUPPLIES, TRAVEL, MEALS AND ENTERTAINMENT AND SOME MISCELLANEOUS COSTS. THE OFFICES SEND THEIR EXPENSE REPORTS INCLUDING BACKUP (INVOICES/RECEIPTS) TO THE UNIVERSITY ALONG WITH MONTHLY BANK STATEMENTS. ALL EXPENDITURES DOMESTIC AND INTERNATIONAL MUST COMPLY WITH OUR EXPENDITURE MANUAL AND THE UNIVERSITY'S SENIOR BUSINESS OFFICERS ARE RESPONSIBLE FOR COMPLYING WITH THESE POLICIES AND REGULATIONS. ALUMNI AWARDS 508075 508075 306971 SCRIPTOR AWARDS 169344 169344 125954 1 135000 135000 182482 812419 812419 615407 615407 197012 true true X true X true X true true false true false 490674 490674 0.00010 76013026 39923642 36089384 0.01070 76503700 39923642 36580058 0.01080 590840 590840 0.00020 18907792 3599095 15308697 0.00450 263768788 263768788 0.07800 113000 113000 0.00000 283380420 3599095 279781325 0.08270 359884120 43522737 316361383 0.09350 true 9579449 161846420 236999439 -75153019 X true true NA 2 1 KECK HOSPITAL OF USC

1500 SAN PABLO STREET LOS ANGELES CA 90089

X X X X X 2 USC NORRIS CANCER HOSPITAL

1441 EASTLAKE AVENUE LOS ANGELES CA 90089

X X X X X KECK HOSPITAL OF USC 1 true true 200. true 350. true X X X X X true true X X X X X true false true X false false USC NORRIS CANCER HOSPITAL 2 true true 200. true 350. true X X X X X true true X X X X X true false true X false false PART I, LINE 3C: The discount amount is based on family income compared to the Federal Poverty Level ("FPL") for the current year. Patients with family income under 200% FPL will be eligible for free care for the dates of service for which an application is completed. Uninsured or under-insured patients with family income between 201% and 350% FPL will be eligible for care at a sliding scale discount. Uninsured patients whose family income exceeds 350% of the FPL will receive the Compact discounted rate. PART I, LINE 6A: BOTH KECK HOSPITAL OF USC AND USC NORRIS CANCER HOSPITAL PREPARE AN ANNUAL COMMUNITY BENEFITS REPORT. PART I, LINE 7: REPORTS FOLLOWING THE FORM 990, SCHEDULE H INSTRUCTIONS, ADDRESSING ALL PATIENT SEGMENTS. THE TOTAL PERCENTAGE OF FINANCIAL ASSISTANCE AND CERTAIN OTHER COMMUNITY BENEFITS AT COST ON LINE 7 WAS CALCULATED FOR FY12 ON A UNIVERSITY-WIDE BASIS AS REQUIRED PER THE FORM 990 INSTRUCTIONS. PART III, LINE 4: NET PATIENT SERVICE REVENUE IS REPORTED AT ESTIMATED NET REALIZABLE AMOUNTS FROM PATIENTS, THIRD PARTY PAYORS, GOVERNMENT PROGRAM AND OTHERS IN THE PERIOD IN WHICH SERVICES ARE PROVIDED. THE MAJORITY OF THE HOSPITALS' SERVICES ARE RENDERED TO PATIENTS WITH COMMERCIAL OR MANAGED CARE INSURANCE, OR UNDER THE FEDERAL MEDICARE AND CALIFORNIA STATE MEDICAL PROGRAMS. REIMBURSEMENT FROM THESE VARIOUS PAYORS IS BASED ON A COMBINATION OF PROSPECTIVELY DETERMINED RATES, DISCOUNTS FROM CHARGES AND HISTORICAL COSTS. Amounts received under the Medicare program are subject to retroactive settlements based on review and final determination by program intermediaries or their agents. Provisions for contractual adjustments and retroactive settlements related to these payors are accrued on an estimated basis in the period the related services are rendered and adjusted in future periods as additional information becomes known or as final settlements are determined. The allowance for doubtful accounts is based upon management's assessment of historical and expected net collections considering historical business and economic conditions, trends in health care coverage, and other collection indicators. Periodically throughout the year management assesses the adequacy of the allowance for doubtful accounts based upon historical write-off experience by payor category. The results of this review are then used to make any modifications to the allowance for doubtful accounts. The bad debt expense (at cost) reported in Part III, line 2 was calculated using worksheet A of the schedule H instructions by applying the ratio of patient care cost to charges against bad debt. The determination of charity care generally should be made at the time of admission, or shortly thereafter. However, events after discharge may change the ability of the patient to pay. Designation as Charity Care will only be considered after all payment sources have been exhausted. Hospital charges for patient accounts identified as Charity Care at the time of admission or service are not recognized by the facility as net revenues or net receivables. If patient accounts are identified as Charity Care subsequent to the facility recognizing the charges as revenue, an adjustment is required to classify appropriately the revenue and any bad debt expense previously recorded. PART III, LINE 8: The Medicare shortfall of ($75,153,019) reported in Part III, Line 7 should be treated as A community benefit because the rates paid by Medicare do not accurately reflect the cost of care provided by the Hospitals. Accordingly, the Hospital must subsidize the cost of care provided to Medicare Beneficiaries with other revenues. PART III, LINE 9B: As part of its mission, the Hospitals provide services and a broad array of benefits to the community. The Hospitals' patient acceptance policy is based on its mission statement and its community services responsibilities. Accordingly, The Hospitals accept patients in immediate need of care, regardless of their ability to pay. The Hospitals do not pursue collection of amounts determined to qualify as charity care based on established policies of the Hospitals. These policies define charity services as those services for which no payment is due for all or a portion of the patient's bill from the patient. See also Part III, Line 4. PART V, LINE 13G: PLEASE REFER TO PATIENT EDUCATION OF ELIGIBILITY FOR ASSISTANCE IN PART VI. PART V, LINE 19D: THE MAXIMUM AMOUNTS THAT CAN BE CHARGED TO FAP-ELIGIBLE INDIVIDUALS FOR EMERGENCY OR OTHER MEDICALLY NECESSARY CARE IS NINETY PERCENT OF MEDICARE RATES. NEEDS ASSESSMENT: IN 2010, KECK HOSPITAL OF USC AND USC NORRIS CANCER HOSPITAL UNDERTOOK A COMMUNITY HEALTH NEEDS ASSESSMENT AS REQUIRED BY CALIFORNIA LAW (SB 697). AS WELL, THE RECENT PASSAGE OF THE PATIENT PROTECTION AND AFFORDABLE CARE ACT REQUIRES TAX EXEMPT HOSPITALS TO CONDUCT NEEDS ASSESSMENTS AND DEVELOP COMMUNITY BENEFIT PLANS EVERY THREE YEARS. THE ASSESSMENT INCORPORATES COMPONENTS OF PRIMARY DATA COLLECTION AND SECONDARY DATA ANALYSIS THAT FOCUS ON THE HEALTH AND SOCIAL NEEDS OF THE SERVICE AREA. TARGETED INTERVIEWS WERE USED TO GATHER INFORMATION AND OPINIONS FROM PERSONS WHO REPRESENT THE BROAD INTERESTS OF THE COMMUNITY SERVED BY THE HOSPITALS. FOR THE INTERVIEWS, COMMUNITY STAKEHOLDERS, IDENTIFIED BY THE HOSPITALS, WERE CONTACTED AND ASKED TO PARTICIPATE IN THE NEEDS ASSESSMENT. THIRTY INTERVIEWS WERE COMPLETED FOR THE COMMUNITY HEALTH NEEDS ASSESSMENT FROM SEPTEMBER - NOVEMBER, 2010. SECONDARY DATA WERE COLLECTED FROM A VARIETY OF COUNTY AND STATE SOURCES TO PRESENT A COMMUNITY PROFILE, BIRTH AND DEATH CHARACTERISTICS, ACCESS TO HEALTH CARE, CHRONIC DISEASES, AND SOCIAL ISSUES. PATIENT EDUCATION OF ELIGIBITIY FOR ASSISTANCE: USC HOSPITALS SHALL POST NOTICES INFORMING THE PUBLIC OF THE FINANCIAL ASSISTANCE PROGRAM. THESE NOTICES WILL BE POSTED IN HIGH VOLUME INPATIENT AND OUTPATIENT AREAS OF THE HOSPITALS. NOTICES SHALL ALSO BE POSTED IN THE ADMITTING AND FINANCIAL SERVICES DEPARTMENTS. EACH HOSPITAL SHALL PROVIDE PATIENTS WITH A WRITTEN DOCUMENT THAT CONTAINS INFORMATION ABOUT AVAILABILITY OF THE HOSPITALS' DISCOUNT PAYMENT AND CHARITY CARE POLICIES, INCLUDING INFORMATION ABOUT ELIGIBILITY, AS WELL AS CONTACT INFORMATION FOR A HOSPITAL EMPLOYEE OR OFFICE FROM WHICH THE PERSON MAY OBTAIN FURTHER INFORMATION ABOUT THESE POLICIES. THE NOTICE SHALL ALSO BE PROVIDED TO PATIENTS WHO RECEIVE OUTPATIENT CARE AND WHO MAY BE BILLED FOR THE CARE, BUT WHO WERE NOT ADMITTED. THE NOTICE SHALL BE PROVIDED IN ENGLISH, AND IN LANGUAGES OTHER THAN ENGLISH. THE LANGUAGES TO BE PROVIDED SHALL BE DETERMINED IN A MANNER SIMILAR TO THAT REQUIRED PURSUANT TO SECTION 12693.30 OF THE INSURANCE CODE (THRESHOLD LANGUAGES ARE SPANISH AND THOSE LANGUAGES SPOKEN BY 5% OF PATIENTS). DATA MAILERS SENT TO PATIENTS AS PART OF THE ROUTINE BILLING PROCESS WILL CONTAIN INFORMATION ABOUT THE FINANCIAL ASSISTANCE PROGRAM. WRITTEN CORRESPONDENCE TO THE PATIENT REQUIRED BY THIS ARTICLE SHALL ALSO BE IN THE LANGUAGE SPOKEN BY THE PATIENT, CONSISTENT WITH SECTION 12693.30 OF THE INSURANCE CODE AND APPLICABLE STATE AND FEDERAL LAW. COMMUNITY INFORMATION: KECK HOSPITAL OF USC KECK HOSPITAL OF USC IS LOCATED EAST OF DOWNTOWN LOS ANGELES ON USC'S HEALTH SCIENCES CAMPUS. THE HOSPITAL DRAWS PATIENTS REGIONALLY FROM SOUTHERN CALIFORNIA, WITH A PRIMARY SERVICE AREA OF LOS ANGELES COUNTY, CALIFORNIA. 68% OF THE HOSPITALS' PATIENTS ORIGINATE FROM L.A. COUNTY, WITHIN L.A. COUNTY, 22% OF THE HOSPITALS' PATIENTS ARE FROM SPA 3, SAN GABRIEL VALLEY; 11% ARE FROM SPA 2, SAN FERNANDO VALLEY; 10% FROM SPA 7, EAST; 9% FROM SPA 4, L.A. METRO; AND 8% FROM SPA 8, SOUTH BAY. USC NORRIS CANCER HOSPITAL USC NORRIS CANCER HOSPITAL ALSO IS LOCATED EAST OF DOWNTOWN LOS ANGELES ON USC'S HEALTH SCIENCES CAMPUS. AS A RESULT OF ITS GROUND BREAKING WORK IN CANCER RESEARCH AND TREATMENT, THE HOSPITAL DRAWS PATIENTS FROM THROUGHOUT THE STATE, NATIONALLY AND INTERNATIONALLY. FOR THE PURPOSE OF THE NEEDS ASSESSMENT THE PRIMARY SERVICE AREA HAS BEEN IDENTIFIED AS LOS ANGELES COUNTY, CALIFORNIA. THE POPULATION FOR LOS ANGELES COUNTY, THE TWO HOSPITALS' PRIMARY SERVICE AREA, IS ESTIMATED AT 10,441,080 IN 2010, AN INCREASE OF 0.8% FROM 2009. FOR THE LAST FIVE YEARS, THE RATE OF POPULATION GROWTH IN L.A. COUNTY HAS SLOWED WHEN COMPARED TO THE RATE OF GROWTH IN THE STATE. KECK HOSPITAL OF USC AND USC NORRIS CANCER HOSPITAL ARE LOCATED IN THE EL SERENO/HIGHLAND PARK/LINCOLN HEIGHTS MEDICALLY UNDERSERVED AREA. CHILDREN AND YOUTH, AGES 0-19 MAKE UP 29.2% OF THE POPULATION; 59.8% ARE 20-64 YEARS OF AGE; AND 11% OF THE POPULATION ARE SENIORS, 65 YEARS OF AGE AND OLDER. THE AREA HAS HIGHER PERCENTAGES OF CHILDREN THAN FOUND IN THE STATE. MOST NOTABLY, L.A. COUNTY HAS A GREATER PERCENTAGE OF TEENS, AGES 15-19 (8.3%) THAN IN THE STATE (7.8%). THE POPULATION OF THE SERVICE AREA CONSISTS PRIMARILY OF HISPANIC OR LATINO (48.3%) AND WHITE (27.7%) RACE AND ETHNICITY. ASIANS COMPRISE 13.3% OF THE POPULATION, AND AFRICAN AMERICANS/BLACKS ARE 8.3% OF THE POPULATION. THE AREA HAS A LARGER PERCENTAGE OF LATINOS, AFRICAN AMERICANS/BLACKS, AND ASIANS, AND A SMALLER PERCENTAGE OF WHITES WHEN COMPARED TO THE STATE. AMONG THE POPULATION IN L.A. COUNTY, 32.8% ARE FOREIGN BORN. OF THE FOREIGN BORN, 62.1% ARE FROM LATIN AMERICAN COUNTRIES AND 29.6% ARE FROM ASIAN COUNTRIES. INCOME LEVELS PER CAPITA INCOME IN L.A. COUNTY IN 2008 WAS $42,265. WHILE INCOME DID GROW FROM 2007 TO 2008, THE RATE OF GROWTH HAS SLOWED. PER CAPITA INCOME IN THE COUNTY IS $1,587 LESS THAN THE PER CAPITA INCOME IN THE STATE. UNEMPLOYMENT WITH THE ECONOMIC DOWNTURN UNEMPLOYMENT IN L.A. COUNTY HAS MORE THAN DOUBLED FROM 2000 TO 2009. POVERTY POVERTY THRESHOLDS ARE USED FOR CALCULATING ALL OFFICIAL POVERTY POPULATION STATISTICS. THEY ARE UPDATED EACH YEAR BY THE CENSUS BUREAU. FOR 2000, THE FEDERAL POVERTY THRESHOLD FOR ONE PERSON WAS $8,794 AND FOR A FAMILY OF FOUR $17,603. THE POVERTY RATES PAINT AN IMPORTANT PICTURE OF THE POPULATION WITHIN THE HOSPITALS' PRIMARY SERVICE AREA. POVERTY RATES SHOW 17.9% OF THE POPULATION LIVING AT OR BELOW 100% OF THE FEDERAL POVERTY LEVEL (FPL) AND 39.9% AT 200% OF FPL. THE RATES OF POVERTY ARE HIGHER IN L.A. COUNTY THAN IN THE STATE. HOUSING AND HOUSEHOLDS MOST OF THE HOUSING IN THE SERVICE AREA CONSISTS OF SINGLE FAMILY DWELLINGS (55.2%). HOWEVER, 43.2% OF THE HOUSING UNITS ARE MULTIPLE FAMILY DWELLINGS, A PERCENTAGE THAT IS HIGHER THAN THE STATE (31.3%). LANGUAGE IN THE OVERALL HOSPITAL SERVICE AREA, A LANGUAGE OTHER THAN ENGLISH IS SPOKEN IN OVER HALF THE HOMES (54.1%). SPANISH IS SPOKEN IN 37.9% OF THE HOMES; THIS IS GREATER THAN THE NUMBER OF SPANISH SPEAKING HOUSEHOLDS IN THE STATE (25.8%). EDUCATION LESS THAN HALF THE POPULATION IN L.A. COUNTY (49.7%) HAS MORE THAN A HIGH SCHOOL EDUCATION. WHEN COMPARED TO THE STATE, L.A. COUNTY RESIDENTS HAVE LOWER RATES OF COLLEGE ATTAINMENT AT ALL LEVELS. LACK OF EDUCATION IS A CRITICAL MARKER OF AT-RISK POPULATIONS. LOW EDUCATIONAL ATTAINMENT NEGATIVELY IMPACTS ON EMPLOYMENT AND INCOME, RESULTING IN INCREASED LEVELS OF POVERTY. THESE FACTORS ALSO DIRECTLY CONTRIBUTE TO HIGH RATES OF DISEASE AND POOR HEALTH OUTCOMES. COMMUNITY BUILDING ACTIVITIES: SEE "OTHER INFORMATION" BELOW OTHER INFORMATION: Financial and In Kind Donations Contributions to COMMUNITY GROUPS AND OTHER NONPROFIT ORGANIZATIONS WERE MADE TO: -USC GOOD NEIGHBORS -PADRES CONTRA EL CANCER (PARENTS AGAINST CANCER) -VIETNAMESE PHYSICIAN ASSOCIATION OF SOUTHERN CALIFORNIA FESTIVAL OF LIFE -ASIAN AMERICAN DRUG ABUSE PREVENTION PROGRAM -NATIONAL HISPANIC HEALTH FOUNDATION -DODGERS DREAM FOUNDATION COMMUNITY HEALTH IMPROVEMENT SERVICES KECK HOSPITAL OF USC -THE COMMUNITY WAS SERVED BY A NUMBER OF SUPPORT GROUPS THAT INCLUDED: FAMILY/CAREGIVER SUPPORT GROUP, LIVER TRANSPLANT SUPPORT GROUP, LUNG TRANSPLANT SUPPORT GROUP, AND OTHER SUPPORT GROUPS. ALL OF THE SUPPORT GROUPS ARE OPEN TO THE PUBLIC, FREE OF CHARGE. -THE LA TIMES FESTIVAL OF BOOKS WAS HELD AT USC THIS YEAR. THE HOSPITAL IN PARTNERSHIP WITH THE DEPARTMENTS OF OCCUPATIONAL THERAPY, PHYSICAL THERAPY, BIOKINESIOLOGY AND PHARMACY HOSTED A BOOTH AT THE USC HEALTH PAVILION. VISITORS RECEIVED BLOOD PRESSURE SCREENINGS AND DIABETES BLOOD SUGAR SCREENINGS. THERE WERE EDUCATIONAL PRESENTATIONS AND HANDOUTS, HEALTH GIVEAWAYS, AND HAND WASHING STATIONS. -A HEALTH FAIR WAS CONDUCTED IN NOVEMBER AND PROVIDED FREE HEALTH SCREENINGS TO THE PUBLIC: 48 PEOPLE WERE SCREENED FOR CHOLESTEROL, 49 PEOPLE WERE SCREENED FOR DIABETES, AND 46 PEOPLE WERE SCREENED FOR OSTEOPOROSIS. USC NORRIS CANCER HOSPITAL -EDUCATIONAL SESSIONS ARE OPEN TO THE COMMUNITY, FREE OF CHARGE. SESSIONS INCLUDED: YOGA FOR THOSE WITH CANCER, LOOK GOOD FEEL BETTER, BLADDER CANCER, COLORECTAL CANCER, FOR MEN ONLY, AND PROSTATE CANCER FORUM. -Support group sessions were dedicated to serving those dealing with BREAST cancer, J-Pouch, colorectal cancer, and a prostate support group for SIGNIFICANT OTHERS. Printed educational materials on a variety of cancer prevention and treatment topics were made available to patients, families, community groups and the public, fREE OF charge. -USC NORRIS CANCER HOSPITAL PARTICIPATED IN AND HOSTED A NUMBER OF COMMUNITY-BASED OUTREACH EFFORTS TO RAISE AWARENESS OF CANCER AND ENCOURAGE PREVENTION ACTIVITIES. THIS YEAR, A NUMBER OF EVENTS WERE COORDINATED FOR CANCER OUTREACH, INCLUDING AN ADOLESCENT AND YOUNG ADULT CANCER PREVENTION EVENT, AND USC CAMPUS-WIDE BREAST CANCER AWARENESS EVENTS. ADDITIONALLY, THE USC HOSPITALS PARTICIPATED IN A PROSTATE CANCER AWARENESS WALK/RUN EVENT FOR THE LOS ANGELES COMMUNITY. -THE HOSPITAL HELPS SUPPORT YOUNG ADULT CANCER OUTREACH AND EDUCATION IN THE COMMUNITY. -The 22ND annual Festival of Life celebration, HOSTED by USC Norris Cancer Hospital, is A celebration held for cancer survivors and their families AND IS OPEN TO THE PUBLIC. IT includes inspirational speakers, testimonials, and other events. -USC Norris Cancer Hospital ALSO provides THE FOLLOWING HEALTHCARE SUPPORT SERVICES: CANCERHELP, WHICH IS A COMPUTER-BASED CANCER EDUCATION PROGRAM FROM THE NATIONAL CANCER INSTITUTE. THIS EDUCATION TOOL WAS MADE AVAILABLE TO PATIENTS, STAFF AND THE PUBLIC. THE IMAGE ENHANCEMENT CENTER ASSISTS WITH APPEARANCE AND BODY IMAGE ISSUES AS A RESULT OF CANCER TREATMENT. SERVICES ARE OPEN TO THE COMMUNITY AND INCLUDE MASTECTOMY PROSTHESIS FITTINGS. FINALLY, TAXI VOUCHERS WERE MADE AVAILABLE BY BOTH HOSPITALS TO PATIENTS WHO COULD NOT AFFORD OR ACCESS TRANSPORTATION FOR ACCESS TO HEALTH CARE. COMPLIMENTARY MEALS WERE ALSO MADE AVAILABLE TO COMMUNITY VOLUNTEERS, FAMILIES, AND COMMUNITY MEMBERS ACCESSING HEALTH EDUCATION AND SUPPORT GROUP SESSIONS. AFFILIATED HEALTH CARE SYSTEM: The organization sponsors numerous outreach programs throughout the local community, including health fairs, free health screenings and flu shots, educational booths and speaker series that are free and open to the public. In addition, the physician faculty of the Keck School of Medicine provide health care services to indigent patients of the County of Los Angeles through a contractual relationship with the County. These patients are offered access to a wide variety of treatments through clinical trials that they normally would not access absent the relationship between the County and USC. STATE FILING OF COMMUNITY BENEFIT REPORT A COMMUNITY BENEFIT REPORT FOR EACH HOSPITAL IS FILED IN CALIFORNIA. true 24TH STREET THEATRE 1117 WEST 24TH ST LOS ANGELES CA 90007 954607337 501(C)(3) 53200 GENERAL SUPPORT COMMUNITY SERVICES UNLIMITED 1344 1/2 WEST MARTIN LUTHER KING JR LOS ANGELES CA 90037 953218396 501(C)(3) 20495 GENERAL SUPPORT DA CAMERA SOCIETY 10 CHESTER PLACE LOS ANGELES CA 90007 530196617 501(C)(3) 74961 GENERAL SUPPORT ECCLA 2801 SOUTH HOOVER ST LOS ANGELES CA 90089 954230350 501(C)(3) 932357 GENERAL SUPPORT HOOVER INTERGENERATIONAL CENTER 3216 S HOOVER ST LOS ANGELES CA 90007 953104017 501(C)(3) 15000 GENERAL SUPPORT JOHN TRACY CLINIC 806 W ADAMS BLVD LOS ANGELES CA 90007 951642393 501(C)(3) 23750 GENERAL SUPPORT LEGACY LA YOUTH DEVELOPMENT CORPORATION 1350 SAN PABLO ST LOS ANGELES CA 90033 010960970 501(C)(3) 11000 GENERAL SUPPORT PROYECTO PASTORAL 135 N MISSION RD LOS ANGELES CA 90033 953213958 501(C)(3) 10000 GENERAL SUPPORT REDEEMER COMMUNITY PARTNERSHIP 2706 BRIGHTON AVE LOS ANGELES CA 90018 912144336 501(C)(3) 17034 GENERAL SUPPORT TROY CAMP 3607 TROUSDALE PKWY LOS ANGELES CA 90089 582685522 501(C)(3) 23779 GENERAL SUPPORT 10 STUDENT FINANCIAL AID 19307 411423677 N/A N/A SCHEDULE I PART I, LINE 2 USC Neighborhood Outreach funds are distributed through a competitive grant making process. A grant review committee comprised of university faculty and staff volunteers review all grants and provide funding recommendations based on a set of criteria. All final grant award decisions are made by Civic Engagement. USC Neighborhood Outreach monitors the grant awards through an interim report six months into the project and a final, cumulative report at the end of the project. We conduct adhoc site visits to observe the program and review ECCLA accounting records. THE UNIVERSITY OF SOUTHERN CALIFORNIA ADMINISTERS ONE OF THE NATION'S LARGEST FINANCIAL AID PROGRAMS THROUGH ITS FINANCIAL AID OFFICE, AWARDING $411 MILLION IN AID TO OVER TWO-THIRDS OF OUR UNDERGRADUATE STUDENTS. WE WILL MEET THE FULL USC-DETERMINED FINANCIAL NEED OF ALL ADMITTED UNDERGRADUATE STUDENTS WHO MEET ALL FEDERAL, STATE AND UNIVERSITY ELIGIBILITY REQUIREMENTS AND DEADLINES. STUDENTS AND THEIR PARENTS ARE REQUIRED TO SUBMIT ALL APPLICATIONS AND SUPPORT DOCUMENTS, MEETING ALL DEADLINES, IN ORDER TO MAKE THEIR CLAIM FOR FINANCIAL ASSISTANCE AND TO BE CONSIDERED FOR FINANCIAL AID. PART III, COLUMN(C) THE CASH GRANT IS REFLECTED ON STUDENT ACCOUNTS. X X X X X false true X X X X X false true false false false false false true false CHRYSOSTOMOS L NIKIAS 874353 0 0 0 205621 0 228250 0 130902 0 1439126 0 0 0 ELIZABETH GARRETT 612440 0 50000 0 107182 0 24500 0 16196 0 810318 0 0 0 ROBERT ABELES 507947 100000 49889 24500 0 16176 0 698512 0 0 0 ALBERT R CHECCIO 452555 0 92000 0 143215 0 24500 0 10047 0 722317 0 0 0 TODD R DICKEY 434898 0 97000 0 66757 0 24500 0 8578 0 631733 0 0 0 THOMAS S SAYLES 282940 0 0 0 46687 0 24500 0 1855 0 355982 0 0 0 CAROL MAUCH AMIR 379338 0 50000 0 46522 0 24500 0 21416 0 521776 0 0 0 MITCHELL R CREEM 613082 0 110000 0 96683 0 24500 0 45753 0 890018 0 0 0 JAMES G ELLIS 447250 0 47000 0 25632 0 24500 0 17854 0 562236 0 0 0 HOWARD A GILLMAN 319815 0 124000 0 38590 0 24500 0 63023 0 569928 0 0 0 LISA ANN MAZZOCCO 405440 182000 18317 10000 0 9468 0 625225 0 0 0 CARMEN A PULIAFITO MD 744175 0 95000 0 304838 0 24500 0 21010 0 1189523 0 0 0 YANNIS C YORTSOS 322600 0 50000 0 13980 0 24500 0 66021 0 477101 0 0 0 VAUGHN A STARNES MD 2471965 0 0 0 242000 0 24500 0 22119 0 2760584 0 0 0 MONTE LANE KIFFIN 2218553 0 101000 0 231355 0 24500 0 18683 0 2594091 0 0 0 PATRICK C HADEN 1203888 800000 204585 24500 0 14705 0 2247678 0 0 0 MONTE GEORGE KIFFIN 1569961 35000 147475 24500 0 14619 0 1791555 0 0 0 KEVIN O'NEILL 1471016 0 0 0 199050 0 24500 0 23183 0 1717749 0 0 0 STEVEN B SAMPLE 661673 0 1088069 24500 0 41401 0 1815643 0 609451 0 ALAN KREDITOR 330118 0 0 0 30782 0 24500 0 15688 0 401088 0 0 0 MARTHA HARRIS 164777 53000 78386 24500 0 7191 0 327854 0 0 0 Dennis F Dougherty 101084 0 0 0 0 0 101084 0 0 0 SCHEDULE J, PART I LINE 1A AND LINE 1B: FIRST-CLASS TRAVEL: THE UNIVERSITY OF SOUTHERN CALIFORNIA REQUIRES THAT ECONOMY-CLASS (COACH) TRAVEL BE UTILIZED FOR UNIVERSITY BUSINESS. FIRST AND BUSINESS CLASS AIR TRAVEL IS ONLY ALLOWED WHEN THERE IS ADVANCE WRITTEN APPROVAL FROM THE CORPORATION, WHEN IT IS NECESSARY FOR MEDICAL REASONS, OR WHERE COACH CLASS IS UNAVAILABLE. THERE IS NO VALUE INCLUDED IN THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME AS ONLY BUSINESS TRAVEL EXPENSES ARE PAID. CHARTER TRAVEL: THE UNIVERSITY OF SOUTHERN CALIFORNIA UTILIZES CHARTER TRAVEL ON OCCASION FOR ATHLETIC TEAM EVENTS FOR CERTAIN INDIVIDUALS AS PART OF THEIR RESPONSIBILITies AS EMPLOYEES OF THE UNIVERSITY OF SOUTHERN CALIFORNIA. THERE IS NO VALUE INCLUDED IN THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME AS ONLY BUSINESS TRAVEL EXPENSES ARE PAID. TRAVEL FOR COMPANIONS: NONBUSINESS TRAVEL: THE UNIVERSITY OF SOUTHERN CALIFORNIA'S WRITTEN POLICY is NOT TO PAY OR REIMBURSE FOR COMPANION TRAVEL. EXCEPTIONS REQUIRE ADVANCE, WRITTEN APPROVAL FROM A SENIOR VICE PRESIDENT OR THE PRESIDENT AND THE EXPENSE IS REPORTED ON THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME. BUSINESS TRAVEL: THE UNIVERSITY OF SOUTHERN CALIFORNIA ALLOWS COMPANION TRAVEL ONLY WHEN THERE IS A BUSINESS PURPOSE. THE AMOUNT IS NOT REPORTED ON THE EMPLOYEE's FORM W-2 AS TAXABLE INCOME AS ONLY BUSINESS TRAVEL EXPENSES ARE PAID. HOUSING ALLOWANCE: HOUSING ALLOWANCES ARE GRANTED ONLY WHEN SUCH AN ALLOWANCE IS SPECIFICALLY STATED IN AN EMPLOYMENT CONTRACT. THE ALLOWANCE IS INCLUDED IN THE INDIVIDUAL'S TAXABLE COMPENSATION ON FORM W-2. RESIDENCE FOR PERSONAL USE: LODGING PROVIDED IN THE PRESIDENT'S HOME (A UNIVERSITY BUILDING) TO THE CURRENT PRESIDENT IS NOT REPORTED ON FORM W-2 AS TAXABLE INCOME AS THE PRESIDENT IS REQUIRED TO ACCEPT SUCH LODGING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE RENTAL VALUE OF THE PORTION OF THE PRESIDENT'S HOME THAT IS USED FOR PERSONAL PURPOSES IS INCLUDED AS A NONTAXABLE BENEFIT TO THE PRESIDENT. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: PAYMENT TO OR REIMBURSEMENT FOR AN INDIVIDUAL'S MEMBERSHIP IN, OR DUES TO, A PRIVATE CLUB FOR BUSINESS PURPOSES IS MADE AVAILABLE IN CERTAIN EMPLOYMENT CONTRACTS OR IS OTHERWISE APPROVED BY THE APPLICABLE SENIOR VICE PRESIDENT Or THE PRESIDENT. THE VALUE OF MEMBERSHIPS PROVIDED FOR BUSINESS PURPOSES IS NOT INCLUDED IN AN INDIVIDUAL'S W-2 AS TAXABLE INCOME. ANY PERSONAL USE OF THESE MEMBERSHIPS IS PAID FOR BY THE INDIVIDUAL. PERSONAL SERVICES: CERTAIN INDIVIDUALS received financial planning services. Such services ARE MADE AVAILABLE IN EMPLOYMENT CONTRACTS and the value of the services, IF USED, was included in the INDIVIDUALS' Form W-2 as taxable income. CURRENT PRESIDENT CHRYSOSTOMOS L. NIKIAS AND FORMER PRESIDENT STEVEN B. SAMPLE RECEIVED THE SERVICES OF A CAR AND DRIVER. SUCH SERVICES WERE APPROVED AS PART OF THEIR RESPECTIVE EMPLOYMENT CONTRACTS, AND THE VALUE OF TAXABLE SERVICES WERE INCLUDED IN THEIR RESPECTIVE FORM W-2S AS TAXABLE INCOME. LINE 4B: STEVEN B. SAMPLE: DR. SAMPLE IS ENTITLED TO RECEIVE RETIREMENT BENEFITS UNDER A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP"), PAYABLE IN THREE ANNUAL INSTALLMENTS. THE SERP BENEFIT WAS CALCULATED AS THE AMOUNT WHICH, WHEN ADDED TO BENEFITS AVAILABLE FROM OTHER UNIVERSITY RETIREMENT PLANS, IS PROJECTED TO GENERATE THE ACTUARIAL EQUIVALENT OF A PRE-TAX, LIFETIME PENSION EQUAL TO APPROXIMATELY 60% OF DR. SAMPLE'S FINAL THREE YEAR AVERAGE ANNUAL SALARY AS PRESIDENT, BASED ON VARIOUS ASSUMPTIONS AND PROJECTIONS, AND SUBJECT TO A RISK OF FORFEITURE RELATED TO THE PERFORMANCE OF FUTURE SERVICES. DR. SAMPLE, WHO STEPPED DOWN AS PRESIDENT ON AUGUST 2, 2010, RECEIVED HIS FIRST ANNUAL SERP INSTALLMENT IN THE AMOUNT OF $940,695 IN 2011. CHRYSOSTOMOS L. NIKIAS: DURING THE PERIOD JANUARY 1, 2011 THROUGH DECEMBER 31, 2011, DR. CHRYSOSTOMOS L. NIKIAS PARTICIPATED IN A "DEFINED CONTRIBUTION" NON-QUALIFIED RETIREMENT PLAN, SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, TO WHICH AN AMOUNT EQUAL TO 20% (FROM JANUARY 1, 2011 THROUGH JUNE 30, 2011) AND 25% (FROM JULY 1, 2011 THROUGH DECEMBER 31, 2011) OF DR. NIKIAS' BASE SALARY WAS CREDITED BY THE UNIVERSITY. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN C. LINE 4B: IN 1994 USC CREATED A SECTION 457(F) SUPPLEMENTAL RETIREMENT PLAN TO PROVIDE MAKE-UP BENEFITS TO EMPLOYEES WHOSE COMPENSATION EXCEEDS THE EARNINGS LIMITATION FOR CONTRIBUTIONS TO THE USC DEFINED CONTRIBUTION RETIREMENT PLAN. AS OF JANUARY 1, 2005, THE PLAN WAS FROZEN AND PARTICIPANTS, WITH RESPECT TO FUTURE MAKE-UP BENEFITS, WERE NO LONGER PERMITTED TO DEFER THESE BENEFITS, WHICH ARE INSTEAD CURRENTLY REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III) AS OTHER REPORTABLE COMPENSATION. SCHEDULE J, PART I, LINE 7: CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II, COLUMN (B)(ii) RECEIVED A MERIT BASED BONUS. THEIR NAMES AND THE AMOUNT OF SUCH BONUSES ARE SHOWN ON SCHEDULE J, PART II, COLUMN (B)(II). CEFA - SERIES 2003A AND 2003C 521705592 130175YD8 2003-03-20 202171000 CONSTRUCTION false false false CEFA - SERIES 2003B 521705592 130175YS5 2003-07-08 13957853 REFINANCING SERIES 1993 AND 1993B false false false CEFA - SERIES 2005 521705592 1301757U0 2005-08-03 69564157 REFINANCING SERIES 1997A AND 1997C false false false CEFA - SERIES 2007A 521705592 130178HC3 2007-05-24 266125246 CONST. & REFIN. SERIES 2003A AND C false false false 151227087 0 213611802 0 0 0 0 0 0 213611802 0 0 2007 false false true true 8959221 0 13957853 0 0 0 0 0 0 0 13957006 0 true false true true 2059104 0 69564157 0 0 0 641455 0 0 0 68738628 0 false true true true 6838434 0 271228390 0 0 0 1702833 0 0 108008373 161923692 0 2010 false true true true false false false true true 0.00500 0.00000 0.00500 true 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 false true false true true 0.00220 0.00000 0.00220 true true true false 0 false 0 true false true true false 0 false 0 true false false false false 0 false 0 false false false false false 0 false 0 false false SEE SCHEDULE O 0 CEFA - SERIES 2009A 521705592 130178RW8 2009-01-15 216627251 CONSTRUCTION & HOSPITAL ACQUISITIO false false false CEFA - SERIES 2009B 521705592 130178SC1 2009-02-25 201288071 CONSTRUCTION & HOSPITAL ACQUISITIO false false false CEFA - SERIES 2009C 521705592 130178TF3 2009-07-09 91457316 REFINANCING SERIES 1998A AND 1999 false false false 0 0 216948132 0 0 0 1627251 0 0 198200000 0 17120881 false false false true 372315 0 201533631 0 0 0 1288071 0 0 185476500 0 14769060 2010 false false false true 1830463 0 91457316 0 0 0 734160 0 0 0 90723156 0 true false true true false true true true true true 0.00090 0.00000 0.00090 true false true true true true true 0.00110 0.00010 0.00120 true 0.00000 0.00000 0.00000 false false false 0 false 0 false false false false false 0 false 0 false false false false false 0 false 0 false false CARMEN PULIAFITO MD HOUSING LOAN X 800000 706561 false false true CARMEN PULIAFITO MD HOUSING LOAN X 1200000 400000 false false true ALBERT CHECCIO HOUSING LOAN X 1000000 900000 false true true ALBERT CHECCIO HOUSING LOAN X 500000 477280 false true true ELIZABETH GARRETT FACULTY HOUSING LOAN X 350000 330017 false false true ELIZABETH GARRETT FACULTY HOUSING LOAN X 150000 90000 false false true ANDRES MARMOR FACULTY HOUSING LOAN X 350000 330017 false false true ANDRES MARMOR FACULTY HOUSING LOAN X 150000 90000 false false true KEVIN O'NEILL HOUSING LOAN X 500000 500000 false false true MONTE LANE KIFFIN HOUSING LOAN X 1500000 1500000 false false true MONTE LANE KIFFIN HOUSING LOAN X 500000 500000 false false true BW HUGHES TRUSTEE LOAN X 15000000 15000000 false false true 20823875 CAROL DOUGHERTY SPOUSE OF FRMR SR VP/CFO 271782 USC EMPLOYEE false MAUREEN DOUGHERTY DGHTER-IN-LAW OF FRMR OFF 164307 USC EMPLOYEE false ADAM DUNCAN SON-IN-LAW OF TRUSTEE 239260 USC EMPLOYEE false ANDRES MARMOR SPOUSE OF OFFICER 370414 USC EMPLOYEE false ROBERT MARTIN BROTHER OF TRUSTEE 19980 USC EMPLOYEE false NIKI C NIKIAS SPOUSE OF OFFICER 115018 USC EMPLOYEE false SHAYNE PADGETT DAUGHTER OF TRUSTEE 54241 USC EMPLOYEE false JANET PINE SPOUSE OF KEY EMPLOYEE 110018 USC EMPLOYEE false AIG TRUSTEE ON BOARD 1421717 INSURANCE false AMERICAN FUNDS SERVICE CO KEY EMPLOYEE ON BOARD 1900000 INVESTMENTS false APPLE COMPUTER TRUSTEE ON BOARD 11392372 EQUIPMENT & SOFTWARE false BANK OF AMERICA TRUSTEE ON BOARD 345560 BANKING FEES false CHEVRON TRUSTEE ON BOARD 3381742 GRANTS & SPONSORSHIP false CHEVRON TRUSTEE ON BOARD 271390 FUEL false NEWPORT CORPORATION TRUSTEE ON BOARD 131747 EQUIPMENT false QUINN POWER SYSTEMS CHRMN/CEO/PRES OF PARENT 103356 CAT GENERATOR MAINTENANCE false SEQUOIA CAPITAL TRUSTEE IS MANAGING PTR 1819150 LP CAPITAL DISTRIBUTION false TUTOR-SALIBA TRUSTEE IS PRESIDENT/CEO 26089823 CONSTRUCTION SERVICES false WALT DISNEY COMPANY TRUSTEE ON BOARD 737802 ENTERTAINMENT false WIND RIVER SYSTEMS INC TRUSTEE IS PRESIDENT 110869 SOFTWARE false X 4 X 42750 APPRAISED VALUE X 271 36489611 HIGH-LOW AVERAGE X 4 2015000 APPRAISED VALUE X 4 9811 COST/SELLING PRICE X EQUIPMENT 14 568491 FMV 6 false true true SCHEDULE M, PART I, COLUMN(B) THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS RECEIVED. SCHEDULE M, PART I, LINE 32(A) THE UNIVERSITY OF SOUTHERN CALIFORNIA UTILIZES BROKERAGE FIRMS TO SELL NON-CASH CONTRIBUTIONS THAT THE UNIVERSITY RECEIVES AS GIFTS AND THE PROCEEDS ARE REMITTED BACK TO THE UNIVERSITY. Form 990, PART 1, LINE 1 and Part III, Line 1 The central mission of the University of Southern California is the development of human beings and society as a whole through the cultivation and enrichment of the human mind and spirit. The principal means by which our mission is accomplished are teaching, research, artistic creation, professional practice and selected forms of public service. Our first priority as faculty and staff is the education of our students, from freshmen to postdoctorals, through a broad array of academic, professional, extracurricular and athletic programs of the first rank. The integration of liberal and professional learning is one of USC's special strengths. We strive constantly for excellence in teaching knowledge and skills to our students, while at the same time helping them to acquire wisdom and insight, love of truth and beauty, moral discernment, understanding of self, and respect and appreciation for others. Research of the highest quality by our faculty and students is fundamental to our mission. USC is one of a very small number of premier academic institutions in which research and teaching are inextricably intertwined, and on which the nation depends for a steady stream of new knowledge, art and technology. Our faculty are not simply teachers of the works of others, but active contributors to what is taught, thought and practiced throughout the world. USC is pluralistic, welcoming outstanding men and women of every race, creed and background. We are a global institution in a global center, attracting more international students over the years than any other American university. And we are private, unfettered by political control, strongly committed to academic freedom, and proud of our entrepreneurial heritage. An extraordinary closeness and willingness to help one another are evident among USC students, alumni, faculty, and staff; indeed, for those within its compass the Trojan Family is a genuinely supportive community. Alumni, trustees, volunteers and friends of USC are essential to this family tradition, providing generous financial support, participating in university governance, and assisting students at every turn. In our surrounding neighborhoods and around the globe, USC provides public leadership and public service in such diverse fields as health care, economic development, social welfare, scientific research, public policy and the arts. We also serve the public interest by being the largest private employer in the city of Los Angeles, as well as the city's largest export industry in the private sector. USC has played a major role in the development of Southern California for more than a century, and plays an increasingly important role in the development of the nation and the world. We expect to continue to play these roles for many centuries to come. Thus our planning, commitments and fiscal policies are directed toward building quality and excellence in the long term. FORM 990, PART 1, LINE 6 THE UNIVERSITY OF SOUTHERN CALIFORNIA HAS MANY VOLUNTEERS INCLUDING TRUSTEES, BUT DOES NOT FORMALLY TRACK THIS POPULATION. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES SPONSORED RESEARCH: THE MAJOR RESEARCH IS IN MEDICINE, ENGINEERING AND THE SCIENCES. THE INSTITUTION HAS 475 CONTRACTS/GRANTS AWARDED BY THE FEDERAL GOVERNMENT AND 548 AWARDED IN 2011-2012 BY PRIVATE CORPORATIONS, FOUNDATIONS, OTHER UNIVERSITIES, OR STATE AND LOCAL GOVERNMENTS FOR BASIC RESEARCH. FORM 990, PART VI, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS CHAIRED BY THE CHAIRMAN OF THE BOARD AND CONSISTS OF NO LESS THAN SEVEN AND NO MORE THAN FOURTEEN VOTING MEMBERS OF THE BOARD. THE COMMITTEE IS ELECTED EACH YEAR BY THE BOARD OF TRUSTEES. WHEN THE BOARD IS NOT IN SESSION, THE EXECUTIVE COMMITTEE HAS ALL OF THE POWER AND AUTHORITY OF THE BOARD, EXCEPT THAT THE EXECUTIVE COMMITTEE IS NOT EMPOWERED TO: (I) FILL VACANCIES ON THE BOARD OR ON ANY COMMITTEE THAT HAS THE AUTHORITY OF THE BOARD; (II) FIX THE COMPENSATION OF THE BOARD MEMBERS FOR THEIR SERVICE AS MEMBERS OF THE BOARD OR ANY COMMITTEE; (III) AMEND OR REPEAL THE UNIVERSITY'S BYLAWS OR ADOPT NEW BYLAWS; (IV) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD WHICH BY ITS EXPRESS TERMS CANNOT BE SO AMENDED OR REPEALED; (V) APPOINT COMMITTEES OF THE BOARD OR THE MEMBERS THEREOF; (VI) AUTHORIZE THE EXPENDITURE OF CORPORATE FUNDS TO SUPPORT A NOMINEE FOR BOARD MEMBERSHIP AFTER THERE ARE MORE PEOPLE NOMINATED FOR BOARD MEMBERSHIP THAN CAN BE ELECTED; OR (VII) APPROVE ANY SELF-DEALING TRANSACTION EXCEPT AS PROVIDED BY LAW. FORM 990, PART VI, LINE 2 OFFICERS, TRUSTEES AND KEY EMPLOYEES SIT ON THE BOARD OF THE FOLLOWING: MAY DEWRIGHT TRUST: ROBERT ABELES CARMEN A. PULIAFITO, MD EDWARD P. ROSKI, JR. USC Trustee John Mork and USC Trustee Jerry Neely HAVE A BUSINESS RELATIONSHIP. USC Trustee David Lee AND USC Trustee Monica Lozano HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, LINE 4 THE UNIVERSITY'S BYLAWS WERE AMENDED TO ADD A SECTION DESCRIBING THE RESPONSIBILITIES OF THE UNIVERSITY'S CHIEF INVESTMENT OFFICER AND TO UPDATE THE SECTION DESCRIBING THE INVESTMENT COMMITTEE'S POWERS AND DUTIES. Form 990, Part VI, Line 11(B) The University of Southern California's Form 990 is reviewed at several levels. The University engages an external public accounting firm to assist in the preparation and review of its Form 990 and who signs as paid preparer. Among those who conduct the review of the final Form 990 at the University include MANAGEMENT, external counsel and the AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. The review of Form 990 is conducted prior to it being filed and A FINAL COPY OF THE FORM 990 IS provided to each member of the governing board before it is filed. FORM 990, PART VI, LINE 12 THE UNIVERSITY MAINTAINS A CONFLICT OF INTEREST AND ETHICS POLICY AND PROCEDURE WHICH COVERS ALL FACULTY MEMBERS (INCLUDING PART-TIME AND VISITING FACULTY), NON-FACULTY AND OTHER EMPLOYEES (SUCH AS POSTDOCTORAL SCHOLARS), AND STUDENTS (INCLUDING POSTDOCTORAL FELLOWS AND GRADUATE STUDENTS) EMPLOYED OR OTHERWISE ENGAGED BY THE UNIVERSITY. PURSUANT TO THE POLICY, CONFLICTS ARE MANAGED AFTER APPROPRIATE DISCLOSURE AND EVALUATION. IN ADDITION TO THE PROCEDURE SET FORTH IN THE UNIVERSITY'S CONFLICT OF INTEREST AND ETHICS POLICY AND PROCEDURE, PURCHASING SERVICES ALSO MAY IDENTIFY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST OR COMMITMENT IN THE COURSE OF PERFORMING THEIR DUTIES. IN THE EVENT THAT PURCHASING SERVICES IDENTIFIES A SITUATION THAT IS OR APPEARS TO BE A CONFLICT OF INTEREST OR COMMITMENT, THEY ARE REQUIRED TO REQUEST THAT A DISCLOSURE BE MADE UNDER THIS POLICY AND WILL COORDINATE WITH THE RELEVANT DEPARTMENT, UNIT OR SCHOOL TO ADDRESS AND MANAGE THE CONFLICT. DEPENDING UPON THE POTENTIAL MAGNITUDE OF THE ISSUE, PURCHASING SERVICES ALSO MAY REFER THE ISSUE TO THE SENIOR VICE PRESIDENT FOR ADMINISTRATION OR HIS OR HER DESIGNEE, FOR RESOLUTION. PURCHASING SERVICES MAY SUSPEND ANY FURTHER ACTION ON THE REQUEST THAT INITIATED THE DISCLOSURE UNTIL SUCH TIME AS THE CONFLICT IS MANAGED. IN ADDITION TO THE PROCEDURES SET FORTH ABOVE, A UNIVERSITY FACULTY MEMBER OR NON-FACULTY EMPLOYEE IS REQUIRED TO OBTAIN THE PRIOR WRITTEN APPROVAL FROM THE PROVOST AND SENIOR VICE PRESIDENT FOR ACADEMIC AFFAIRS OR SENIOR VICE PRESIDENT FOR ADMINISTRATION BEFORE HE OR SHE MAY ENDORSE OR AUTHORIZE ENDORSEMENT OF ANY PRODUCT OR SERVICE ON BEHALF OF THE UNIVERSITY. ASSISTANCE IN MANAGING POTENTIAL CONFLICTS OF INTEREST FOR NON-FACULTY EMPLOYEES IS AVAILABLE FROM THE MANAGER OF PERSONNEL SERVICES, POLICIES AND PROCEDURES ON THE UNIVERSITY PARK CAMPUS; OR, FOR NON-FACULTY EMPLOYEES ON THE HEALTH SCIENCES CAMPUS, THE DIRECTOR OF PERSONNEL SERVICES. FOR FACULTY, ASSISTANCE IS AVAILABLE FROM THE VICE PROVOST FOR FACULTY AFFAIRS. THE OFFICE OF THE GENERAL COUNSEL OR THE OFFICE OF COMPLIANCE ALSO MAY BE CONSULTED FOR ASSISTANCE. FAILURE TO DISCLOSE AND MANAGE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST UNDER THIS POLICY, INCLUDING THE EXPECTATIONS DETAILED ABOVE ABOUT WHAT AN INDIVIDUAL SHOULD OR SHOULD NOT DO, MAY BE CAUSE FOR DISCIPLINARY ACTION, WHICH MAY RESULT IN TERMINATION. FOR FACULTY, SUCH ACTION SHALL OBSERVE ALL PROVISIONS OF THE POLICIES PUBLISHED IN THE FACULTY HANDBOOK. ANY DISCIPLINARY ACTION AGAINST A FACULTY MEMBER OR NON-FACULTY EMPLOYEE UNDER THIS POLICY MUST TAKE INTO ACCOUNT THE SCALE OF THE OFFENSE, THE INDIVIDUAL'S INTENT, AND THE DEGREE OF WRONGDOING. THE UNIVERSITY MAINTAINS A CONFLICT OF INTEREST POLICY FOR MEMBERS OF THE BOARD OF TRUSTEES. IN GENERAL, THE POLICY REQUIRES THAT A TRUSTEE MUST AVOID USING HIS OR HER POSITION FOR PERSONAL GAIN OR ADVANTAGE, OR TO OBTAIN A FAVORED STATUS FOR ANY SPECIAL GROUP, BUSINESS OR FAMILY ENTITY WITH WHICH THE TRUSTEE IS AFFILIATED. THE POLICY APPLIES TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES. A TRUSTEE WILL CONTINUE TO BE SUBJECT TO THE POLICY FOR FIVE YEARS AFTER LEAVING THE BOARD. IF A TRUSTEE BECOMES AWARE OF A FINANCIAL INTEREST THAT MAY BE MATERIAL, HE OR SHE IS REQUIRED TO IMMEDIATELY DISCLOSE THAT FINANCIAL INTEREST TO THE CHAIRMAN OF THE BOARD. SUCH DISCLOSURE IS IN ADDITION TO THE REQUIRED ANNUAL DISCLOSURES. - AFTER CONDUCTING A REASONABLE INVESTIGATION UNDER THE CIRCUMSTANCES, WHICH SHOULD INCLUDE AN ANALYSIS OF COMPARABLE ARRANGEMENTS OR TRANSACTIONS OR THE RECEIPT OF AN OPINION FROM AN EXPERT IN THE RELEVANT FIELD, THE BOARD SHOULD DETERMINE IN GOOD FAITH WHETHER USC COULD OBTAIN A MORE ADVANTAGEOUS FINANCIAL ARRANGEMENT OR TRANSACTION WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. - IN ADDITION, THE BOARD SHOULD DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS, WITH KNOWLEDGE OF THE MATERIAL FACTS CONCERNING THE FINANCIAL ARRANGEMENT OR TRANSACTION AND THE TRUSTEE'S FINANCIAL INTEREST IN THE ARRANGEMENT OR TRANSACTION, WHETHER THE ARRANGEMENT OR TRANSACTION IS IN USC'S BEST INTEREST, FOR ITS OWN BENEFIT AND IS FAIR AND REASONABLE TO USC. THE BOARD SHOULD MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE ARRANGEMENT OR TRANSACTION IN CONFORMITY WITH SUCH DETERMINATION. - SHOULD THE BOARD APPROVE THE FINANCIAL ARRANGEMENT OR TRANSACTION IN QUESTION, THE TRUSTEE WHO HAS A CONFLICT OF INTEREST WILL BE REQUIRED TO ACT IN GOOD FAITH AND WITH FAIRNESS, AND TO REFRAIN FROM EXERTING UNDUE PRESSURE OR INFLUENCE. IN THE BOARD'S DISCRETION, IT MAY ALSO REQUIRE SUCH TRUSTEE TO BE SUBJECT TO THE OVERSIGHT OF A DISINTERESTED TRUSTEE. THIS POLICY HAS BEEN APPROVED BY THE BOARD. FORM 990, PART VI, LINE 15 THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT, OFFICERS AND KEY EMPLOYEES IS DETERMINED ANNUALLY USING THE SAFE HARBOR PROCESS DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. NAMELY, A COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES TAKES THE FOLLOWING THREE STEPS: (1) IT ENSURES THAT NO MEMBER OF THE COMMITTEE HAS A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT BEING REVIEWED, (2) IT LOOKS TO COMPARABILITY DATA AND SPECIALIZED COMPENSATION REPORTS (AND IN SOME CASES OPINIONS) PREPARED FOR THE UNIVERSITY BY COMPENSATION CONSULTANTS WITH RESPECT TO SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILARLY SITUATED UNIVERSITIES, AND (3) IT MAINTAINS A CONTEMPORANEOUS RECORD OF ITS DELIBERATIONS AND DECISIONS. FORM 990, PART VI, LINE 19 THE UNIVERSITY MAKES ITS BYLAWS, FINANCIAL STATEMENTS/ANNUAL REPORT, CONFLICT OF INTEREST AND ETHICS, AND CONFLICT OF INTEREST IN RESEARCH POLICIES AVAILABLE TO THE GENERAL PUBLIC ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS UNREALIZED LOSSES ON INVESTMENTS ($160,546,899) PRESENT VALUE ADJUSTMENT TO TRUST LIABILITY ($2,544,118) -------------- ($163,091,017) SCHEDULE K, PART II, LINE 3 THE AMOUNTS OF TOTAL PROCEEDS OF ISSUE ON LINE 3 INCLUDE INVESTMENT EARNINGS. SCHEDULE K, PART II, LINE 7 THE ISSUANCE COSTS FOR CEFA SERIES 2003A AND 2003C, AND CEFA SERIES 2003B WERE PAID OUT OF UNIVERSITY FUNDS. SCHEDULE K, PART V The University had procedures to ensure violations of federal tax requirements were timely identified and corrected through the voluntary closing agreement program during FY 12. These procedures were formally incorporated into the University's written bond policies and procedures effective August 15, 2012. 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