2012-04-13T16:53:52-05:00 2011-05-31 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2010-06-01 951643334 Loyola Marymount University LOYO 3103382714 1-LMU Drive U-Hall Los Angeles CA 90045 THOMAS O FLEMING JR 3103382738 2011-04-11 true PRICEWATERHOUSECOOPERS LLP 6175305000 2010 2016-02-24 21:20:13Z Mr Thomas O Fleming Jr CFOSVP 1-LMU DRIVE U-HALL 4900 LOS ANGELES CA 90045 558503202 false X www.lmu.edu X 1918 CA LOYOLA MARYMOUNT UNIVERSITY MAINTAINS A THREE-FOLD MISSION: 1) THE ENCOURAGEMENT OF LEARNING, 2) THE EDUCATION OF THE WHOLE PERSON, AND 3) THE SERVICE OF FAITH AND THE PROMOTION OF JUSTICE. 43 39 7604 1 2142375 -1405 33262000 39426882 321541000 341951209 10879000 21804517 -468000 641992 365214000 403824600 68788000 77762659 0 0 180964000 185670845 73000 12375 9322374 96788000 104447966 346613000 367893845 18601000 35930755 1016746000 1085790357 289452000 278796935 727294000 806993422 X LOYOLA MARYMOUNT UNIVERSITY MAINTAINS A THREE-FOLD MISSION: 1) THE ENCOURAGEMENT OF LEARNING, 2) THE EDUCATION OF THE WHOLE PERSON, AND 3) THE SERVICE OF FAITH AND THE PROMOTION OF JUSTICE. false false 316082620 77762659 339679796 SEE SCHEDULE O 316082620 true true false true false false true true true true true false false true false true false true true true true true true true false false true true true true false false false false false true true false true true true true false false false true false false false false true 741 0 true 7604 true true true true EI IT CJ false false false true true false false false false X 43 39 true false false false false false false true true false false true true true true true true true true false CA X X THOMAS O FLEMING JR SVPCFO 3103382738 1 LMU DR U-HALL 4900 LOS ANGELES CA 900452659 ROBERT J ABERNETHY 1.0 X 0 0 0 Kathleen Hannon Aikenhead 1.0 X 0 0 0 Rita Arthur RSHM PhD 1.0 X 0 0 0 Robert C Baker JD 1.0 X 0 0 0 James R Belardi 1.0 X 0 0 0 GERALD R BLASZCZAK SJ 1.0 X 0 0 0 Hon Irma J Brown Dillon JD 1.0 X 0 0 0 DAVID W BURCHAM JD 40.0 X X 401208 0 42041 EDWARD J CARPENTER 1.0 X 0 0 0 Alex Martin Chaves 1.0 X 0 0 0 John F Cosgrove MA 1.0 X 0 0 0 Frederick B Craves PHD 1.0 X 0 0 0 Rudy F deLeon Jr 1.0 X 0 0 0 DAVID S DEVITO 1.0 X 0 0 0 R Chad Dreier 1.0 X 0 0 0 George A V Dunning 1.0 X 0 0 0 Paul J Fitzgerald SJ 1.0 X 0 0 0 Mary Genino RSHM 1.0 X 0 0 0 Anne Hennessy CSJ 1.0 X 0 0 0 Daniel K Lahart SJ 1.0 X 0 0 0 Edward A Landry Esq 1.0 X 0 0 0 Deborah Lanni 1.0 X 0 0 0 Thomas E Larkin JR 1.0 X 0 0 0 Kathleen L McCarthy 1.0 X 0 0 0 John A McMahon 1.0 X 0 0 0 Paul W Mikos 1.0 X 0 0 0 Susan F Moley 1.0 X 0 0 0 Gregory J O'Meara SJ 1.0 X 0 0 0 Stephen F Page 1.0 X 0 0 0 Joan A Payden 1.0 X 0 0 0 TIMOTHY G PSOMAS 1.0 X 0 0 0 Edward P Roski Jr 1.0 X 0 0 0 Robert W Scholla SJ 1.0 X 0 0 0 Michael R Steed 1.0 X 0 0 0 Elbridge H Stuart III 1.0 X 0 0 0 Rosemary L Turner 1.0 X 0 0 0 Walter F Ulloa JD 1.0 X 0 0 0 Thomas R Von Der AheSR 1.0 X 0 0 0 Robert T Walsh SJ 1.0 X 0 0 0 LAURA D WILLIAMSON 1.0 X 0 0 0 David J Zuercher 1.0 X 0 0 0 PAUL S VIVIANO 1.0 X 0 0 0 NELLY LLANOS KILROY 1.0 X 0 0 0 Thomas O Fleming Jr 40.0 X 244406 0 60135 VICTOR J GOLD JD 40.0 X 318526 0 55300 JOSEPH HELLIGE 40.0 X 205926 0 66302 Ernest D Rose PHD 40.0 X 303559 0 40199 Evelynne B Scarboro 40.0 X 246750 0 38940 Dennis Slon 40.0 X 257505 0 37819 Elena M Bove EdD 40.0 X 209081 0 42030 Rebecca Chandler 40.0 X 178939 0 27544 Frederick Garcia 40.0 X 208570 0 50702 Lori A Husein 40.0 X 166958 0 78834 Anne Prisco PHD 40.0 X 205905 0 77850 Dennis Draper 40.0 X 315043 0 45831 Max Good 40.0 X 332893 0 50015 Shane Martin 40.0 X 279858 0 42530 Paul Zeleza 40.0 X 278026 0 36013 LARY LAWRENCE 40.0 X 241183 0 70515 4394336 0 862600 385 false true false LATHAM WATKINS 633 W 5th Street 4000 LOS ANGELES CA 90071 ATTORNEY SERVICES 1615985 SIMON PRODUCTIONS 7701 QUAKERTOWN AVE WINNETKA CA 91306 CREATIVE SERVICES 440402 BRIDGES BRIDGES 1715 VIA EL PRADO REDONDO BEACH CA 90277 ATTORNEY SERVICES 408554 DRW ASSOCIATES 28492 AVENIDA PLACIDA SAN JUAN CAPISTRANO CA 92675 ARCHITECT/PROJ. MGMT 362599 INDUSTRIAL TOURS 3832 PIRATE DRIVE RANCHO PALOS VERDES CA 90275 TRAVEL AGENT 340844 14 209710 7197888 32019284 1348076 39426882 TUITION & FEES 900099 301006095 301006095 AUXILIARY 900099 29874619 29874619 CONFERENCES 532000 3319456 1311772 2007684 FITNESS CENTER 713940 1289621 1025892 263729 OTHER PROGRAM SERVICE REVENUE 900099 6461418 6461418 341951209 4821206 -129038 4950244 31783 31783 412650 412650 238435 0 238435 238435 238435 171450000 154498472 16951528 16951528 16951528 171037 209710 180130 -9093 -9093 0 0 0 403824600 339679796 2142375 22575547 78281 78281 77341277 77341277 343101 343101 0 3221271 131407 2830550 259314 223115 223115 138228165 119052770 13379876 5795519 11463148 9682586 1290647 489915 22796235 19255314 2566651 974270 9738911 8226173 1096514 416224 664846 202178 427937 34731 776520 766500 10020 390643 390643 0 126983 126983 0 0 12375 12375 894975 45784 849191 0 11436047 6812297 4583012 40738 1282653 1161300 94577 26776 7312724 6127131 728099 457494 5460124 3877426 1573281 9417 0 12819866 11531324 1266869 21673 6677910 6494036 12299 171575 0 5203967 3752823 1429087 22057 7386152 5300000 2086152 0 0 21073217 18064696 3008521 0 1225961 705691 519389 881 STUDENT WORK 11210001 9556916 1433233 219852 EQUIP RENTAL & MAINTENANCE 3343519 2039120 1233029 71370 BOOKS & PERIODICALS 1914620 1890603 18920 5097 LOAN FORGIVENESS 557916 557916 DUES & MEMBERSHIPS 228998 194962 34036 4460324 4060288 150996 249040 367893845 316082620 42488851 9322374 27642000 15358930 23884000 22357091 30864000 30967459 860000 310000 9554000 12055808 7038000 8096182 793986000 251311998 517175000 542674002 115855000 155934400 255977000 271083000 27897000 26953485 1016746000 1085790357 71704000 74848071 20209000 14432748 181023000 172846163 3740000 3575592 12776000 13094361 289452000 278796935 X 499420000 545947775 73440000 101112338 154434000 159933309 727294000 806993422 1016746000 1085790357 X 35930755 43768667 X X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 16778 false true 126000 142778 false Schedule C, Part II-B, Line 1b and 1g Payment for travel and compensation for University Employees to attend Cal Grant Lobbying Day in Sacramento. Schedule C, Part II-B, Line 1i The University hired the National Group (D.C. lobbying firm) to work on Congressionally directed funding. X X X false false true 376506000 5364000 64089000 6166000 4624000 435169000 334428000 9623000 38715000 186000 6074000 376506000 419203000 5172000 -73387000 15135000 1262000 163000 334428000 0.55000 0.30000 0.15000 false false 47696000 47696000 9961683 434333317 91342694 352952306 40037000 24100966 15936034 138098000 89100585 48997415 123860000 46767753 77092247 542674002 COMMINGLED FUNDS 112471000 F ALTERNATIVE INVESTMENT FUNDS 154219000 F REAL ESTATE AND OTHER 4393000 F 271083000 0 US GOVERNMENT GRANTS REFUNDABL 10883939 FOR OTHERS 1058716 LOAN FUNDS RETURNABLE TO DONOR 1151706 13094361 403824600 367893845 35930755 46345832 -1129620 -1447545 43768667 79699422 370010970 46345832 -79029842 -32684010 402694980 1129620 1129620 403824600 290311316 -77582529 -77582529 367893845 367893845 SCHEDULE D, PART III, LINE 1A: The University has elected not to capitalize collections or works of art. These items would be disclosed in the financial statements if materiality thresholds deemed disclosure appropriate. SCHEDULE D, PART III, LINE 4 The University maintains a number of art collections which are described in great detail on the University's website: http://library.lmu.edu/specialcollections. Art and collections are available for public exhibition and are primarily used for educational purposes. SCHEDULE D, PART IV, LINE 2B The University serves as Trustee for three charitable remainder trusts and maintains the assets and corresponding reserve liabilities on the balance sheet. Similarly, the University has a number of annuities where the assets and corresponding reserve liabilities are on the balance sheet. SCHEDULE D, PART V, LINE 4 The overall purpose of the Endowment Fund is to provide a relatively predictable, stable, and consistent return sufficient to meet a portion of the spending needs of the University. The endowment funds have been established to provide funding for activities that support the University's educational mission. SCHEDULE D, PART X The University does not maintain any uncertain tax positions. SCHEDULE D, PART, XI, LINE 8 BEGINNING OF YEAR ROUNDING ADJUSTMENT of $232 PLUS CHANGE IN VALUE OF INTEREST SWAP AGREEMENT OF $1,447,313. SCHEDULE D, PART XII, LINE 2D FUNDRAISING DIRECT EXPENSES OF $180,130 LESS SCHOLARSHIPS OF $77,762,659 LESS CHANGE IN VALUE OF INTEREST SWAP AGREEMENT OF $1,447,313 . SCHEDULE D, PART XIII, LINE 2D FUNDRAISING DIRECT EXPENSES OF $180,130 LESS SCHOLARSHIPS OF $77,762,659. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 The non-discrimination policy is accessible via the University's website and is included in University publications including the University Bulletin, recruitment materials, advertisements (student, faculty, staff), and other related materials. true Central America and the Caribbean 0 10 Program Services STUDY ABROAD Europe (Including Iceland and Greenland) 1 33 Program Services STUDY ABROAD East Asia and the Pacific 0 5 Program Services STUDY ABROAD Sub-Saharan Africa 0 3 Program Services STUDY ABROAD North America 0 6 Program Services STUDY ABROAD Central America and the Caribbean 0 0 Investments 58889436 Europe (Including Iceland and Greenland) 0 0 Investments 3631343 1 57 1 57 62520779 62520779 X SCHOLARSHIP FOR TUITION Europe/Iceland/Greenland 47 156201 CR STDNT ACC SCHOLARSHIP FOR TUITION Sub-Saharan Africa 5 13000 CR STDNT ACC SCHOLARSHIP FOR TUITION East Asia/Pacific 9 104400 CR STDNT ACC SCHOLARSHIP FOR TUITION Middle East/North Africa 1 21000 CR STDNT ACC SCHOLARSHIP FOR TUITION North America 2 45000 CR STDNT ACC true false true true true false Schedule F, Part I, Line 2 SCHOLARSHIPS PROVIDED TO STUDENTS WHILE ABROAD ARE CREDITED TO THE STUDENT'S UNIVERSITY ACCOUNT IN THE US AND ARE NON-CASH TRANSACTIONS. X X X X X X X true PLUS DELTA PARTNERS 1401 Sapphire Dr Carlsbad CA 92011 CONSULTING false 0 12375 0 0 12375 0 MAAA DINNER 133935 102635 31300 23887 36774 GOLF CLASSIC 137390 63750 73640 1138 33302 2256 20386 1 109422 43325 66097 32766 920 28701 380747 209710 171037 1138 33302 58909 920 85861 180130 -9093 true Archdiocese of Los Angeles 3424 Wilshire Blvd 5th Floor Los Angeles CA 900102241 951642382 501(c)(3) 15300 Awards/donation Homeboy Industries 130 Bruno Street Los Angeles CA 900121815 954800735 501(c)(3) 11500 Awards/Donation 2 0 Scholarship/Grants for students 6052 77341277 SCHEDULE I, PART I, LINE 2 THE UNIVERSITY AWARDS GRANTS/SCHOLARSHIPS ACCORDING TO THE UNIVERSITY POLICIES. FUNDS AWARDED TO STUDENTS ARE MONITORED BY MANAGEMENT, RECONCILIATION BETWEEN FINANCIAL AID AND ACCOUNTING ARE DONE ON A MONTHLY BASIS. Schedule I, Part III Cash grants are credited to student accounts. X false true X X X false false false false false false false false false DAVID W BURCHAM JD 384654 0 0 0 16554 0 23275 0 18766 0 443249 0 0 0 Rebecca Chandler 176426 0 0 0 2513 0 17250 0 10294 0 206483 0 0 0 Dennis Draper 300473 0 0 0 14570 0 23275 0 22556 0 360874 0 0 0 Thomas O Fleming Jr 232058 0 0 0 12348 0 23060 0 37075 0 304541 0 0 0 Frederick Garcia 200681 0 0 0 7889 0 19721 0 30981 0 259272 0 0 0 VICTOR J GOLD JD 310103 0 0 0 8423 0 23275 0 32025 0 373826 0 0 0 Max Good 327037 0 0 0 5856 0 23275 0 26740 0 382908 0 0 0 JOSEPH HELLIGE 200121 0 0 0 5805 0 20168 0 46134 0 272228 0 0 0 Lori A Husein 166136 0 0 0 822 0 16751 0 62083 0 245792 0 0 0 Shane Martin 270864 0 0 0 8994 0 23275 0 19255 0 322388 0 0 0 Anne Prisco PHD 190505 0 0 0 15400 0 8579 0 69271 0 283755 0 0 0 Ernest D Rose PHD 269811 0 0 0 33748 0 23275 0 16924 0 343758 0 0 0 Evelynne B Scarboro 237331 0 0 0 9419 0 22899 0 16041 0 285690 0 0 0 Dennis Slon 245480 0 0 0 12025 0 23275 0 14544 0 295324 0 0 0 Elena M Bove EdD 197454 0 0 0 11627 0 19532 0 22498 0 251111 0 0 0 Paul Zeleza 275694 0 0 0 2332 0 23275 0 12738 0 314039 0 0 0 LARY LAWRENCE 195415 0 0 0 45768 0 19983 0 50532 0 311698 0 0 0 SCHEDULE J, PART I, LINE 1A AND 1B CERTAIN OFFICERS RECEIVE SOCIAL CLUB DUES AND REIMBURSE THE UNIVERSITY FOR ANY PERSONAL USE. Reimbursement of social club dues for business use is in accordance with University policy. Expenses and reimbursements are reviewed and approved as appropriate by the relevant authorities. The University does not currently follow a written policy regarding payment and reimbursement for those expenses as the review and approval process is comprehensive, and unusual expenses or reimbursement requests would be questioned. CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178VP8 2010-03-30 67035951 CURRENT REFUNDING AND NEW MONEY PR false false false CEFA REFUND SERIES 2008 521705592 130178VI0 2010-03-30 38500000 REFUND SERIES 2008 (PARTIAL) false false false 67035951 627483 173329 21687824 42279627 2267688 2011 true false false true 38500000 375000 38125000 true false true true false false true false false 0.00800 0.00300 0.01100 true false false true false false 0.02200 0.01000 0.03200 true false false false false false true false true false false false Anne Prisco HOME EQUITY LOAN X 150000 105000 false true true Dennis Draper HOME EQUITY LOAN X 100000 80000 false true true Ernest Rose HOME EQUITY LOAN X 250000 125000 false true true 310000 STUDENT FAMILY MEMBER OF TRUSTEE 1050 SCHOLARSHIP MUSICK PEELER GARRETT LP TRUSTEE IS PARTNER 124632 LEGAL SERVICE FEE false JOHN PAGE FAMILY MEMBER OF TRUSTEE 114368 COMPENSATION false MARGARET BOVE-LAMONICA Family member of OFFICER 51636 compensation false PAUL PRISCO Family member of KEY EMPL 23806 compensation false LINDA ROSE FAMILY MEMBER OF OFFICER 33305 COMPENSATION false X 3 0 n/a X 36 1052058 FMV X THEATRICAL LIGHTING 2 23278 cost X ATHLETIC EQUIPMENT 27 157719 cost X UNIFORMS 21 115021 cost 2 false true true Schedule M, Part I, COLUMN B: THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS AND NOT THE NUMBER OF ITEMS. Schedule M, Part I, 32B: THE UNIVERSITY MAY UTILIZE EXTERNAL INVESTMENT MANAGERS TO MANAGE AND LIQUIDATE PUBLICLY TRADED SECURITIES. THE UNIVERSITY MAY ALSO UTILIZE EXTERNAL REAL ESTATE PROFESSIONALS TO LIQUIDATE REAL ESTATE CONTRIBUTIONS. SCHEDULE M, PART I, 33: THE UNIVERSITY HAS ADOPTED SFAS NO. 116 - DISCLOSURE REQUIREMENTS. ASSETS DETERMINED TO BE A COLLECTION OR WORKS OF ART MAY NOT BE INCLUDED IN REVENUES OR GAINS IF THEY ARE NOT CAPITALIZED. THE CAPITALIZATION OF COLLECTIONS IS OPTIONAL. FORM 990, PART I, LINE 5 A TOTAL OF 7,604 INDIVIDUALS WERE SENT W-2S BY THE UNIVERSITY IN CALENDAR YEAR 2010. INCLUDED IN THIS NUMBER ARE 3,492 EMPLOYEES AND 4,112 STUDENT WORKERS. FORM 990, PART I, Line 6 THERE ARE A NUMBER OF STUDENTS AND ALUMNI THAT VOLUNTEER THEIR TIME FOR VARIOUS PURPOSES AT THE UNIVERSITY. THESE VOLUNTEERS, HOWEVER, ARE NOT FORMALLY TRACKED BY THE UNIVERSITY. FORM 990, PART III, Line 4a LOYOLA MARYMOUNT UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL UNIVERSITY. IN FISCAL 2011, LMU PROVIDED INSTRUCTION, RESEARCH, STUDENT SERVICES, AND ACADEMIC SUPPORT FOR 8,737 FULL-TIME EQUIVALENT STUDENTS. OF THESE STUDENTS, 5,772 WERE UNDERGRADUATES, 1,747 WERE IN VARIOUS GRADUATE PROGRAMS, AND 1,218 WERE ENROLLED AT LOYOLA LAW SCHOOL. FULL TIME FACULTY EMPLOYED WAS 521, PART-TIME WAS 474, FOR A TOTAL FACULTY OF 995. FORM 990, PART V, LINE 4B THE ORGANIZATION HAD FINANCIAL ACCOUNTS IN THE FOLLOWING FOREIGN COUNTRIES: ITALY IRELAND CAYMAN ISLANDS FORM 990, PART VI, SECTION A, LINE 2 THE TRUSTEES PAUL W. MIKOS AND TIMOTHY G. PSOMAS HAVE A BUSINESS RELATIONSHIP. Form 990, PART VI, SECTION A, LINE 11A IN CONJUNCTION WITH PRICEWATERHOUSECOOPERS, A FORM 990 IS PREPARED FOR MANAGEMENT REVIEW. THE FORM 990 IS THEN REVIEWED BY THE AUDIT COMMITTEE. A COPY OF THE FORM 990 WAS PROVIDED TO THE UNIVERSITY'S GOVERNING BODY BEFORE IT WAS FILED. Form 990, PART VI, SECTION B, LINE 12B THE CONFLICT OF INTEREST POLICY FOR ADMINISTRATIVE EMPLOYEES (INCLUDING OFFICERS AND KEY EMPLOYEES) IS COMPLETED BY THOSE INDIVIDUALS WHO ARE NOT ON THE FACULTY WHEN HIRED. IT IS UPDATED ANNUALLY OR AT A TIME OF SIGNIFICANT CHANGE IN INTEREST OCCURS THEREAFTER BY ALL INDIVIDUALS DESIGNATED BY THE SENIOR VICE PRESIDENT OF A DIVISION OR BY THE PRESIDENT FOR THE UNIVERSITY AS A WHOLE. INTERNAL AUDIT ADMINISTERS THE DISTRIBUTION AND COLLECTION OF THE ANNUAL DISCLOSURES WORKING WITH THE APPROPRIATE SENIOR VICE PRESIDENTS. IN ACCORDANCE WITH THE POLICY, FOR MATTERS DISCLOSED, A WRITTEN DETERMINATION AS TO WHETHER THE MATTER CONSTITUTES A CONFLICT IS MADE BY THE SENIOR VICE PRESIDENT OF THE EMPLOYEE'S DIVISION. THE EMPLOYEE IS INFORMED OF THE DETERMINATION. THE TRUSTEE'S CONFLICT OF INTEREST POLICY IS ADMINISTERED BY THE PRESIDENT'S OFFICE ANNUALLY, AND DISCLOSURES ARE REVIEWED BY THE UNIVERSITY'S GENERAL COUNSEL. IF IT IS DETERMINED THAT A CONFLICT EXISTS, THE TRUSTEE DOES NOT VOTE WITH THE BOARD OF TRUSTEES ON MATTERS THAT RELATE TO THAT CONFLICT. A SEPARATE POLICY EXISTS FOR FACULTY MEMBERS WHO DO NOT HAVE BUDGET AUTHORITY (THE FACULTY POLICY). Form 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT COMPENSATION CONSULTANT COMPLETES A COMPREHENSIVE STUDY OF EXECUTIVE COMPENSATION EVERY OTHER YEAR IN ODD YEARS, AND USES A PREDETERMINED COMPARATOR GROUP OF UNIVERSITIES AND SIMILAR SIZED ORGANIZATIONS TO BENCHMARK LEADERSHIP POSITIONS. WELL RECOGNIZED SALARY SURVEY DATA IS USED. ALL EXECUTIVES ARE EMPLOYED "AT WILL" BUT COMPENSATION AT TIME OF HIRE IS ARTICULATED IN THEIR EMPLOYMENT AGREEMENTS. THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION FOR THE PRESIDENT, CFO, AND PROVOST ANNUALLY. THE MEMBERS OF THE SOCIETY OF JESUS, THE RELIGIOUS OF THE SACRED HEART OF MARY, AND THE SISTERS OF ST. JOSEPH OF ORANGE CONSTITUTE APROXIMATELY 3% OF THE UNIVERSITY'S FULL AND PART-TIME FACULTY AND ADMINISTRATIVE STAFF. DURING THE YEAR ENDED MAY 31, 2011, THE UNIVERSITY PAID THESE RELIGIOUS COMMUNITIES APPROXIMATELY $3,270,000 FOR THEIR SERVICES. Form 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FINANCIAL STATEMENTS, FORM 990, FORM 990-T, AND CONFLICT OF INTEREST POLICY ARE ALL AVAILABLE FOR PUBLIC REVIEW ON THE UNIVERSITY'S WEBSITE. THE UNIVERSITY'S GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC REVIEW UPON REQUEST. FORM 990, PART XI, LINE 5 EQUALS NET UNREALIZED GAINS ON INVESTMENTS OF $46,345,832 LESS BEGINNING OF YEAR ROUNDING ADJUSTMENT OF $232 LESS INVESTMENT EXPENSES OF $1,129,620 LESS CHANGE IN VALUE OF INTEREST SWAP AGREEMENT OF $1,447,313. SCHEDULE L, PART IV THE UNIVERSITY MAY, AT TIMES, CONDUCT BUSINESS WITH ANOTHER ORGANIZATION WHEREBY A KEY OFFICER OF THAT ORGANIZATION ALSO SITS ON THE UNIVERSITY'S BOARD OF TRUSTEES. THE UNIVERSITY'S DECISION TO TRANSACT BUSINESS WITH SUCH AN ORGANIZATION IS MADE INDEPENDENT OF THE BOARD MEMBER AND IS AT ARM'S LENTGTH. CHARITABLE REMAINDER TRUSTS (12) FUNDRAISING CA NA T POOLED INCOME TRUST (1) FUNDRAISING CA NA T