2012-05-14T09:45:56-04:00 2011-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2010-07-01 131740451 FORDHAM UNIVERSITY FORD 7188171000 CONTROLLERS OFFICE 441 E FORDHAM BRONX NY 104585170 Frank Simio 7188174975 2011-05-10 true KPMG LLP 2127589700 2010 2016-02-24 21:20:13Z JOSEPH M MCSHANE SJ 441 EAST FORDHAM ROAD BRONX NY 104585170 918346790 false X WWW.FORDHAM.EDU X 1841 NY TO PROVIDE HIGHEST QUALITY EDUCATION TO UNDERGRADUATE AND GRADUATE STUDENTS IN THE JESUIT TRADITION. 39 37 7142 789 250813 -118266 63263068 99223840 509529728 553739013 -4572600 146965061 452878 388147 568673074 800316061 113341448 121611246 0 0 270082206 290984520 392892 519776 12916494 167809131 180845019 551625677 593960561 17047397 206355500 1147448135 1579660908 442197870 590418089 705250265 989242819 X FORDHAM UNIVERSITY IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION OF THE HIGHEST QUALITY. 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THROUGH THE 3RD CENTURY A.D. THE COLLECTION SPANS SEVERAL PERIODS - MYCENAEAN, VILLANOVAN, CLASSICAL GREECE, GEOMETRICAL, ARCHAIC ROMAN, IMPERIAL ROMAN, REPUBLICAN, ETRUSCAN, AND SOUTH ITALIAN. THERE ARE RED-FIGURE AND RED-AND-BLACK-FIGURE CERAMICS, AND THE SHINY BLACK ETRUSCAN POTTERY KNOWN AS BUCCHERO. THERE IS AN ARRAY OF SCULPTURE AND TERRA COTTA HEADS, AMONG THE ITEMS ON DISPLAY ARE: -A TERRACOTTA PATERA (SHALLOW BOWL) WITH KNOB HANDLES, CA. 340 B.C.; -A KYLIX (DRINKING CUP WITH TWO HANDLES), ATTRIBUTED TO THE PAINTER OF BERLIN 2268, A VASE PAINTER OF THE LATE SIXTH CENTURY B.C.; -A PORTRAIT OF JULIA AQUILIA SEVERA, THE SECOND AND FOURTH WIFE OF EMPEROR ELAGABALUS, A.D. 220-222; AND -A PORTRAIT OF THE EMPEROR HADRIAN FROM THE SECOND CENTURY A.D. THE MUSEUM, WHICH IS FREE OF CHARGE, IS OPEN TO THE GENERAL PUBLIC. THE PUBLIC DISPLAY OF ARTIFACTS IS ANOTHER FORM OF EDUCATION AND IS CORE TO THE JESUIT TRADITION. PART V, LINE 4 USE OF ENDOWMENT FUNDS FORDHAM UNIVERSITY'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT FINANCIAL ASSISTANCE FOR STUDENTS, TO FUND ADDING NEW AND CUTTING EDGE PROGRAMS WHILE MAINTAINING AND IMPROVING EXISTING ONES, AND TO IMPROVE AND MAINTAIN THE CAMPUS TO MEET THE NEEDS OF THE UNIVERSITY COMMUNITY. PART X, LINE 2 FIN 48 FOOTNOTE IT WAS DETERMINED THAT FIN 48 HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS FOR THE JUNE 30, 2011 YEAR, AND THEREFORE THE FINANCIAL STATEMENTS DID NOT INCLUDE A FIN 48 FOOTNOTE. PART XI, LINE 8 OTHER ADJUSTMENTS CHANGE IN VALUE OF INTEREST RATE SWAP 2,282,355. GAIN NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC BENEFIT COST 5,329,000. UNREALIZED CHANGE IN VALUE OF PERPETUAL TRUST 863,000. ---------- TOTAL TO SCHEDULE D, PART XI, LINE 8 8,474,355. PART XII, LINE 2D OTHER ADJUSTMENTS FINANCIAL AID EXPENSE -121,611,246. PART XII, LINE 4B OTHER ADJUSTMENTS SPECIAL EVENT EXPENSES -755,238. COST OF LINCOLN CENTER PROPERTY SOLD -304,194. ----------- TOTAL TO SCHEDULE D, PART XII, LINE 4B -1,059,432. PART XIII, LINE 2D OTHER ADJUSTMENTS SPECIAL EVENT EXPENSES 755,238. COST OF LINCOLN CENTER PROPERTY SOLD 304,194. ---------- TOTAL TO SCHEDULE D, PART XIII, LINE 2D 1,059,432. PART XIII, LINE 4B OTHER ADJUSTMENTS FINANCIAL AID EXPENSE 121,611,246. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 NONDISCRIMINATION POLICY THE UNIVERSITY INCLUDED A STATEMENT OF ITS POLICY ON RACIAL NONDISCRIMINATION TOWARD STUDENTS IN ALL ITS NEWSPAPERS AND BROADCAST SOLICITATIONS FOR STUDENTS. SCHEDULE E, LINE 6 EXPLANATION OF GOVERNMENT FINANCIAL AID THE UNIVERSITY RECEIVES RESEARCH, TRAINING, AND STUDENT GRANTS FROM THE NATIONAL SCIENCE FOUNDATION, THE DEPARTMENT OF HEALTH AND HUMAN SERVICES, THE DEPARTMENT OF EDUCATION, THE DEPARTMENT OF AGRICULTURE, AND VARIOUS OTHER AGENCIES INCLUDING ONES FROM THE STATE OF NEW YORK AND THE CITY OF NEW YORK. Europe (Including Iceland and Greenland) 1 14 Program Services GLOBAL STUDIES 1656607 Europe (Including Iceland and Greenland) 1 2 Program Services STUDY ABROAD GRANADA 202604 Europe (Including Iceland and Greenland) 0 5 Program Services SUMMER ABROAD ITALY 112358 Sub-Saharan Africa 1 3 Program Services LAW SCHOOL PROGRAM 84265 Europe (Including Iceland and Greenland) 1 5 Program Services LAW SCHOOL SUMMER PROG 300755 East Asia and the Pacific 1 4 Program Services SUMMER INSTITUTE 315888 Central America and the Caribbean 0 0 Investments 68276902 5 33 5 33 70949379 70949379 true false true true true true X X X X X X X true GRENZABACH GLIER AND ASSOCIAT 401 N MICHIGAN AVE SUITE 280 CHICAGO IL 60611 PROF CONSLT SEE PART IV false 0 185623 0 RUFFALOCODY CEDAR RAPIDS IA PO BOX 3018 CEDAR RAPIDS IA 524063018 PROF FUND SEE PART IV false 0 334153 0 0 519776 0 FOUNDERS DINNER 2086685 1927685 159000 363842 391396 0 2086685 1927685 159000 363842 391396 755238 -596238 SCHEDULE G, PART I, LINE 2B, COLUMN (II) PROFESSIONAL FUNDRAISING CONSULTANTS GRENZABACH, GLIER AND ASSOCIATES PROVIDE CONSULTING SERVICES TO IMPROVE PROCESSES AND PROMOTE EFFICIENCIES WITHIN FUNDRAISING. RUFFALOCODY ASSIST FORDHAM'S FUNDRAISING OFFICE DURING ALUMNI AND STUDENT PHONATIONS FOR SMALL PLEDGES. THEY PERFORM THE INITIAL CONTACT WITH THE DONOR. THEY DO NOT SIGN AGREEMENTS OR COLLECT FUNDS. FORDHAM'S FUNDRAISING OFFICE IS RESPONSIBLE FOR FOLLOWING UP WITH THE DONOR AND COMPLETING ALL TRANSACTIONS. true STUDENT SCHOLARSHIPS 7189 121611246 0 N/A N/A SCHEDULE I, PART I, LINE 2 MONITORING FORDHAM UNIVERSITY PROVIDES VARIOUS TYPES OF FINANCIAL ASSISTANCE TO ENABLE STUDENTS TO AFFORD A FORDHAM EDUCATION. THE UNIVERSITY IS PARTICULARLY COMMITTED TO DO ALL WE CAN TO ALLEVIATE THE IMPACT OF THE ECONOMIC DOWNTURN ON STUDENTS AND THEIR FAMILIES. FORDHAM'S FINANCIAL AID DEPARTMENT WORKS WITH STUDENTS TO HELP THEM DEVISE A PLAN TO FUND THEIR EDUCATION. ASSISTANCE MAY INCLUDE A COMBINATION OF GRANTS, LOANS AND PAYMENT PLANS DEPENDING ON INDIVIDUAL CIRCUMSTANCES AND RESOURCES. SCHOLARSHIP GRANTS ARE AWARDED ON THE BASIS OF FINANCIAL NEED AND/OR SCHOLASTIC ACHIEVEMENT, AND ON A NON-DISCRIMINATORY BASIS. STUDENTS MUST COMPLETE CERTAIN QUESTIONNAIRES AND APPLICATIONS TO DEMONSTRATE THEIR QUALIFICATION FOR VARIOUS TYPES OF FEDERAL, STATE, LOCAL, AND INSTITUTIONAL FINANCIAL ASSISTANCE. THE VARIOUS FINANCIAL ASSISTANCE PROGRAMS HAVE PARTICULAR REQUIREMENTS FOR SELECTION CRITERIA AND MONITORING THE USE OF GRANT FUNDS, SUCH AS UNDER OMB CIRCULAR NO. A-133. THESE REQUIREMENTS MAY INCLUDE A MINIMUM COURSE LOAD, DEMONSTRATED ACADEMIC PROGRESS, AND OTHER SIMILAR REQUIREMENTS. X X X X true false false false false false false false false MARGARET BALL 141743 0 0 0 967 0 15641 0 952 0 159303 0 0 0 BRIAN BYRNE 276173 0 13000 0 1854 0 26950 0 21827 0 339804 0 0 0 THOMAS A DUNNE 328348 0 10000 0 2315 0 19160 0 23411 0 383234 0 0 0 STEPHEN FREEDMAN 421022 0 5000 0 4017 0 26950 0 19407 0 476396 0 0 0 JEFFREY GRAY 244647 0 5000 0 18414 0 26950 0 36589 0 331600 0 0 0 JOHN LORDAN 424653 0 10000 0 6228 0 26950 0 4068 0 471899 0 0 0 ROGER MILICI 254267 0 0 0 476 0 26950 0 19126 0 300819 0 0 0 FRANK SIMIO 244384 0 10000 0 811 0 26950 0 57183 0 339328 0 0 0 FRANK SIRIANNI 238107 0 5000 0 1622 0 19564 0 26744 0 291037 0 0 0 PETER STACE 285233 0 5000 0 3045 0 26950 0 20145 0 340373 0 0 0 MARCO VALERA 237661 0 5000 0 1187 0 26950 0 25364 0 296162 0 0 0 ALBERT CHECCIO 213175 0 0 0 12080 0 15742 0 36406 0 277403 0 0 0 DERECK WHITTENBURG 0 0 0 0 500000 0 0 0 0 0 500000 0 0 0 THOMAS PECORA 474961 0 0 0 320 0 11856 0 14712 0 501849 0 0 0 THOMAS LEE 315486 0 0 0 489 0 22637 0 27158 0 365770 0 0 0 DONNA RAPACCIOLI 279713 0 5000 0 19909 0 28265 0 95215 0 428102 0 0 0 HOWARD TUCKMAN 274152 0 0 0 30223 0 17938 0 15644 0 337957 0 0 0 JOHN HOLLWITZ 355755 0 0 0 18856 0 21501 0 30338 0 426450 0 0 0 PART I, LINE 4A SEVERENCE PAY DERECK WHITTENBURG RECEIVED A SEVERENCE PAYMENT OF $500,000. DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983TPB3 2004-05-06 28975948 REFUNDING 1994 DEBT ISSUE false false false DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649903C33 2008-05-21 96895000 REFUNDING 2005 DEBT ISSUE false false false DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 6499032B6 2008-07-25 118287807 2008 ISSUE - RH DORMITORY false false false DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649905CX0 2011-04-28 152929720 2011 ISSUE - SEE SCHEDULE O false false false 30028437 29162765 865672 2005 true false true true 97282370 95869900 1412470 2008 true false true true 118287807 3711000 3643551 110933256 2010 false false true true 152929720 1416006 23213673 128299981 false false false true false false false false true false false true false false 0.01100 0.00000 0.01100 true false false false false true false false false false false false false true true MERRILL LYNCH 3.25 true false false false false false false false false false false false false false false false false SCHEDULE K, PART IV, LINE 3C, COLUMN B ARBITRAGE THE UNIVERSITY PAYS A FIXED RATE OF 3.2475% AND RECEIVES 67% OF THE ONE-MONTH LIBOR ON THE NOTIONAL PRINCIPAL AMOUNT OF OUR 2008A BONDS. JOHN LORDAN - MORTGAGE X 450000 300000 false false true JOHN HOLLWITZ - RELOCATION LOAN X 592000 407630 false false true STEPHEN FREEDMAN - MORTGAGE X 1637500 837500 false false true 1545130 GAMCO INVESTORS INC SEE SCHEDULE L,PART V 248647 SEE SCHEDULE L,PART V false SCHEDULE L, PART II LOANS TO AND FROM INTERESTED PERSONS (A) NAME OF PERSON: JOHN LORDAN (A) PURPOSE OF LOAN: MORTGAGE (A) NAME OF PERSON: JOHN HOLLWITZ (A) PURPOSE OF LOAN: RELOCATION LOAN (A) NAME OF PERSON: STEPHEN FREEDMAN (A) PURPOSE OF LOAN: MORTGAGE SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (A) NAME OF PERSON: REGINA PITARO (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: REGINA PITARO IS A TRUSTEE OF THE UNIVERSITY AND MANAGING DIRECTOR OF GAMCO INVESTORS, INC., AN OUTSIDE INVESTMENT MANAGEMENT COMPANY. (C) AMOUNT OF TRANSACTION: $248,647. (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY HAS ENGAGED GAMCO INVESTORS, INC SINCE JULY 2000 TO MANAGE ONE INVESTMENT FUND IN ACCORDANCE WITH THE UNIVERSITY'S INVESTMENT POLICY, WHICH IS APPROVED BY THE UNIVERSITY'S INVESTMENT COMMITTEE. THE INVESTMENT COMMITTEE PERFORMED A THOROUGH REVIEW OF SEVERAL CANDIDATES, AND DETERMINED THAT GAMCO INVESTORS, INC. WAS THE BEST CHOICE. REGINA PITARO, MANAGING DIRECTOR OF GAMCO INVESTORS, INC., WAS ELECTED TO THE UNIVERSITY'S BOARD OF TRUSTEES IN THE JUNE 30, 2007 YEAR AND CONTINUED TO SERVE DURING THE JUNE 30, 2011 YEAR. THE UNIVERSITY NOMINATION AND GOVERNANCE COMMITTEE AND THE FULL BOARD OF TRUSTEES WERE MADE AWARE OF THE CONFLICT PRIOR TO HER APPOINTMENT AS TRUSTEE, AND THE UNIVERSITY HANDLES ALL RELATED MATTERS CONSISTENTLY WITH ITS CONFLICT OF INTEREST POLICY. MS. PITARO IS NOT A MEMBER OF THE INVESTMENT COMMITTEE, WHICH ADVISES THE BOARD OF TRUSTEES ON ALL INVESTMENT STRATEGIES AND RELATED DECISIONS, AND SHE RECUSES HERSELF FROM ALL INVESTMENT DISCUSSIONS AT THE BOARD LEVEL. (E) SHARING OF ORGANIZATION REVENUES: NO. X 40 8089222 MARKET QUOTATION X ANNUITIES 9 288446 MARKET QUOTATION X EQUIPMENT-CHE 1 75374 COST false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS THE AMOUNT LISTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 1 ORGANIZATION MISSION THE MISSION OF THE UNIVERSITY: FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION OF THE HIGHEST QUALITY. GUIDED BY ITS CATHOLIC AND JESUIT TRADITIONS, FORDHAM FOSTERS THE INTELLECTUAL, MORAL AND RELIGIOUS DEVELOPMENT OF ITS STUDENTS AND PREPARES THEM FOR LEADERSHIP IN A GLOBAL SOCIETY. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP PETER STACE, OFFICER/VP OF ENROLLMENT, HAS A FAMILY RELATIONSHIP WITH MARGARET BALL,OFFICER/UNIVERSITY SECRETARY. FORM 990, PART VI, SECTION B, LINE 11 990 REVIEW PROCESS THE FINANCE DEPARTMENT WORKS CLOSELY WITH KPMG, LLP, THE UNIVERSITY'S INDEPENDENT ACCOUNTING FIRM, TO PREPARE FORM 990. THE FINANCE DEPARTMENT PREPARES AND INITIAL DRAFT, WHICH KPMG REVIEWS TOGETHER WITH VARIOUS SUPPORTING DOCUMENTATION. WHEN BOTH KPMG AND THE FINANCE STAFF ARE SATISFIED WITH THE FINAL DRAFT, IT IS THEN CAREFULLY REVIEWED AND EDITED BY THE CFO, VICE PRESIDENT OF FINANCE AND CONTROLLER, WHO THEN PROVIDE THE REVISED RETURN TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE BOARD OF TRUSTEES HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING THE RETURN TO THE EXECUTIVE COMMITTEE. QUESTIONS AND COMMENTS BY THE EXECUTIVE COMMITTEE ARE INCORPORATED INTO THE FORM 990 AS APPROPRIATE. A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT REQUIRES, AMONG OTHER THINGS, THAT NO INDIVIDUAL MAY PARTICIPATE IN DISCUSSION OR DECISION ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND INDIVIDUALS WHO HAVE SIGNING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY, AND IN ACCORDANCE WITH RELEVANT STATE CONFLICT OF INTEREST LAWS AND THE UNIVERSITY'S TAX-EXEMPT STATUS UNDER SECTION 501(C)(3). FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FORDHAM'S BOARD OF TRUSTEES HAS DELEGATED RESPONSIBILITY FOR DETERMINING COMPENSATION FOR CERTAIN MEMBERS OF SENIOR MANAGEMENT TO THE BOARD'S COMPENSATION COMMITTEE. HOWEVER, THE APPROVAL OF THE FULL BOARD OF TRUSTEES IS REQUIRED FOR APPROVAL OF THE PRESIDENT'S ANNUAL SALARY. ALL TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST POLICY DISCLOSURE STATEMENT EACH YEAR TO ENSURE INDEPENDENCE. THE COMPENSATION COMMITTEE SEEKS TO ENSURE THAT EMPLOYEES ARE PAID WITHIN THE RANGE OF THE GOING MARKET RATE FOR SUCH POSITIONS AT SIMILARLY SITUATED UNIVERSITIES IN SIMILAR GEOGRAPHIC REGIONS, BY REFERENCE TO COMPENSATION SURVEYS AND OTHER INSTITUTIONS' FORM 990 RETURNS. FORDHAM KEEPS RECORDS TO DOCUMENT ITS COMPENSATION SETTING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS FORDHAM UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE CURRENTLY AVAILABLE ON THE UNIVERSITY'S WEBSITE. FORDHAM UNIVERSITY'S FINANCIAL STATEMENTS MAY BE MADE AVAILABLE UPON REQUEST FROM THE FINANCE AND ACCOUNTING OFFICE. FORM 990, PART VIII, LINES 7A, 7B AND 7C (COLUMN II) SALE OF ASSETS DURING FY2011, THE UNIVERSITY SOLD A PARCEL OF REAL PROPERTY TO A PRIVATE DEVELOPER. FORM 990, PART XI, LINE 5, CHANGES IN NET ASSETS NET UNREALIZED GAINS ON INVESTMENTS: 69,136,598. CHANGE IN VALUE OF INTEREST RATE SWAP 2,282,355. GAIN NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC BENEFIT COST 5,329,000. UNREALIZED CHANGE IN VALUE OF PERPETUAL TRUST 863,000. IN-KIND CONTRIBUTIONS INCLUDING DONATED USE OF SPACE AND PROVISION OF SERVICES 26,101. ----------- TOTAL TO FORM 990, PART XI, LINE 5 77,637,054. SCHEDULE K, PART I 2011 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: 2011 ISSUE - LAW SCHOOL BUILDING AND RESIDENCE HALL FORDHAM UNIVERSITY (USA) UK PROGRAM LTD 15 St Botolph Street LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U FORDHAM UNIVERSITY UK CHARITABLE TRUST 15 St Botolph Street LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U THOMAS M TOMASIC TESTAMENTARY TRUST KEYBANK TRUST CO OF OHIO CLEVELAND OH 441011717 346962135 INVESTMENT OH NA TRUST 0 985911 1.00000 false false false false false false false false false false false false false false true false false false FORDHAM UNIVERSITY (USA) UK PROGRAM LTD O 729469