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      </Form990ScheduleIPartIII>
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        <Identifier>Grantmaker's Description of How Grants are Used</Identifier>
        <Explanation>Administration, monitoring and oversight of grants is conducted to oversee the progress and completion of the grants , ensuring compliance with all relevant terms and conditions.</Explanation>
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      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <PersonalServices>X</PersonalServices>
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      <SubstantiationRequired>true</SubstantiationRequired>
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      <IndependentConsultant>X</IndependentConsultant>
      <Form990OfOtherOrganizations>X</Form990OfOtherOrganizations>
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      <Form990ScheduleJPartII>
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        <OtherCompensationFilingOrg>8426</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>21824</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>13331</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>316209</TotalCompensationFilingOrg>
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      <Form990ScheduleJPartII>
        <NamePerson>CHARLES CARLETTA</NamePerson>
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        <OtherCompensationFilingOrg>12780</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>20432</DeferredCompFilingOrg>
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        <TotalCompensationFilingOrg>346078</TotalCompensationFilingOrg>
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      <Form990ScheduleJPartII>
        <NamePerson>BRENDA WILSON-HALE</NamePerson>
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        <BonusFilingOrg>15000</BonusFilingOrg>
        <OtherCompensationFilingOrg>2172</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>15200</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>1900</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>209274</TotalCompensationFilingOrg>
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      <Form990ScheduleJPartIII>
        <Identifier>Sch J, Part III, Additional Information</Identifier>
        <ReturnReference>Part III, Additional Information</ReturnReference>
        <Explanation>Part 1, line 4b-Rensselaer has established a nonqualified deferred compensation plan under section 457(f) of the Internal Revenue Code for the purpose of retaining Rensselaer's President. The terms and conditions of benefits under the plan include a substantial risk of forfeiture should the President voluntarily separate from employment or separate for cause prior to the agreed upon service date.</Explanation>
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      <Form990ScheduleJPartIII>
        <Identifier>Sch J, Part I, Line 7</Identifier>
        <ReturnReference>Part I, Line 7: Non-Fixed payments not listed above</ReturnReference>
        <Explanation>Part 1, line 7-Performance bonuses that are provided to Rensselaer's President and officers are awarded on a discretionary basis based on the accomplishments toward key initiatives of the Rensselaer Plan.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Sch J, Part I, Line 1b</Identifier>
        <ReturnReference>Part I, Line 1b: Reason for not following policy regarding payment provisions for expenses</ReturnReference>
        <Explanation>Part 1, lines 1a and 1b-Rensselaer's President is allowed first class travel in accordance with the provisions of her employment contract which has been approved by the Compensation Committee of Rensselaer's Board of Trustees.</Explanation>
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      <Form990ScheduleJPartIII>
        <Identifier>Sch J, Part I, Line 1a</Identifier>
        <ReturnReference>Part I, Line 1a: Relevant information in regards to selections on 1a.</ReturnReference>
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      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>City of Troy Capital Resource Corporation</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>272027427</IssuerEIN>
        <CUSIPNumber>897579AB4</CUSIPNumber>
        <DateIssued>2010-06-04</DateIssued>
        <IssuePrice>357084114</IssuePrice>
        <DescriptionOfPurpose>REFI SERIES 2002 B,C &amp; D</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>Rensselaer County Industrial Development Agency</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>141614433</IssuerEIN>
        <CUSIPNumber>759921CX5</CUSIPNumber>
        <DateIssued>2006-06-15</DateIssued>
        <IssuePrice>63996302</IssuePrice>
        <DescriptionOfPurpose>Buildings, structures and equipment</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
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        <FinalAllocationMade>true</FinalAllocationMade>
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        <AnyResearchAgreements>true</AnyResearchAgreements>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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        <GrossProceedsInvestedInGIC>true</GrossProceedsInvestedInGIC>
        <NameOfGICProvider>
          <BusinessNameLine1>JP MORGAN CHASE BANK NA</BusinessNameLine1>
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        <TermOfGIC>1.2500</TermOfGIC>
        <RegulatorySafeHarborSatisfied>true</RegulatorySafeHarborSatisfied>
        <GrossProceedsInvested>false</GrossProceedsInvested>
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        <DescriptionOfTransaction>Research Networking</DescriptionOfTransaction>
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          <NamePerson>John Kolb</NamePerson>
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        <DescriptionOfTransaction>Commodity Internet &amp;</DescriptionOfTransaction>
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        <Description>BOOKS</Description>
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        <MethodOfDeterminingRevenues>FMV</MethodOfDeterminingRevenues>
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        <NoncashContribsRptdF990>2272111</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FMV</MethodOfDeterminingRevenues>
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      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
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      <GeneralExplanation>
        <ReturnReference>Part X-Balance Sheet</ReturnReference>
        <Explanation>During fiscal year 2011, Rensselaer exited the security lending activity.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>The Conflict of Interest policy is available via Rensselaer's website. The disclosure of governing documents and financial statements are made available to the public upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
        <Explanation>15(a &amp; b) Rensselaer follows a process which uses an independent compensation consultant, Form 990s of other comparable organizations, and compensation surveys/suudies to establish the compensation of its President and Chief Executive Officer, other officers and key employees, with such compensation determinations subject to approval of its Compensation Committee.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>Rensselaer conducts an annual survey of all Institute leaders, faculty, and administrative staff involved in purchasing, finance and budgeting functions to determine any Conflict of Interest or commitments. Once the survey is completed, a review of potential conflicts of interest and commitments are reviewed by an Institute-wide committee. If a conflict of interest is determined to exist, the conflict is isolated or eliminated.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>Form 990 is provided to the Board of Trustees prior to filing via a secure website.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part III, Line 4d</Identifier>
        <ReturnReference>Form 990, Part III, Line 4d : Other Program Services Description</ReturnReference>
        <Explanation>OTHER PROGRAM SERVICES 4: AUXILIARYNumber of housing units available: dorm rooms 2,288 single apts 1,051 married apts 93Number of students on siz. meals: 2,974 OTHER PROGRAM SERVICES 5: Other Program Services include activities that further Rensselaer's exempt purpose.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>RENSSELAER HARTFORD GRADUATE CENTER INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>275 WINDSOR STREET</AddressLine1>
          <City>HARTFORD</City>
          <State>CT</State>
          <ZIPCode>06120</ZIPCode>
        </AddressUS>
        <EIN>060766747</EIN>
        <PrimaryActivities>GRADUATE INSTRUCTION</PrimaryActivities>
        <LegalDomicileState>CT</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>170-b(1)(A)ii</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
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        <ControlledOrg>false</ControlledOrg>
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      <Form990ScheduleRPartIV>
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          <BusinessNameLine1>CRUT 12</BusinessNameLine1>
        </NameOfRelatedOrg>
        <PrimaryActivity>Trust</PrimaryActivity>
        <LegalDomicileState>NY</LegalDomicileState>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <TypeOfEntity>Trust</TypeOfEntity>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>CRAT 2</BusinessNameLine1>
        </NameOfRelatedOrg>
        <PrimaryActivity>Trust</PrimaryActivity>
        <LegalDomicileState>NY</LegalDomicileState>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <TypeOfEntity>Trust</TypeOfEntity>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>