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        <Explanation>THE EARNINGS FROM THE UNIVERSITY OF CINCINNATI FOUNDATION ENDOWMENT FUNDS ARE TRANSFERRED TO THE UNIVERSITY OF CINCINNATI TO BE DISBURSED ACCORDING TO THE RESTRICTIONS OF EACH ENDOWMENT. THOSE RESTRICTIONS INCLUDE SCHOLARSHIPS, PRIZES, AWARDS AND SUPPORT FOR THE COLLEGES AND DEPARTMENTS OF THE UNIVERSITY.</Explanation>
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        <Identifier>LIABILITY UNDER FIN 48 FOOTNOTE</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 3, PART X</ReturnReference>
        <Explanation>THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AS DEFINED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, AS SUCH, IS EXEMPT FROM FEDERAL INCOME TAXES. THE FOUNDATION ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, ON JULY 1, 2009, AS IT RELATES TO UNCERTAIN TAX POSITIONS. ADOPTION OF ASC 740 HAD NO EFFECT ON THE FINANCIAL STATEMENTS. THE FOUNDATION EVALUATES ITS UNCERTAIN TAX POSITIONS AS TO WHETHER IT IS MORE LIKELY THAN NOT A TAX POSITION COULD BE SUSTAINED IN THE EVENT OF AN AUDIT BY THE APPLICABLE TAXING AUTHORITY. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS, AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. OPEN YEARS FOR THE FOUNDATION INCLUDE 2011, 2010 AND 2009.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>RECONCILIATION OF CHANGES - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XI, LINE 8</ReturnReference>
        <Explanation>CONTRIBUTIONS RECEIVED DIRECTLY BY THE UNIV. OF CINCINNATI -12,865,427 NON-GOVERNMENT GRANTS -27,340,787 PRIVATE PRACTICE CONTRIBUTIONS -16,476,012 CONTRIBUTIONS RECEIVED DIRECTLY BY THE UNIV. OF CINCINNATI 12,865,427 NON-GOVERNMENT GRANTS 27,340,787 PRIVATE PRACTICE CONTRIBUTIONS 16,476,012 CHANGE IN PV OF ANNUITIES PAYABLE -948,167 FUND RAISING ASSESSMENT -3,881,124</Explanation>
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        <ReturnReference>SCHEDULE D, PAGE 4, PART XII, LINE 4B</ReturnReference>
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        <Identifier>EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER</Identifier>
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      <AgreementRefFundraising>true</AgreementRefFundraising>
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      <RecipientTable>
        <RecipientNameBusiness>
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        <EINOfRecipient>311309846</EINOfRecipient>
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        <AmountOfCashGrant>214872</AmountOfCashGrant>
        <AmountOfNonCashAssistance>59663</AmountOfNonCashAssistance>
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      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>TARTAGLIA BARBARA L</BusinessNameLine1>
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        <DescriptionOfTransaction>INVESTMENT MGMT SERV</DescriptionOfTransaction>
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      <Form990ScheduleLPartIV>
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        <DescriptionOfTransaction>INVESTMENT MGMT SERV</DescriptionOfTransaction>
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      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>JOFFRE MOINE</BusinessNameLine1>
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        </NameOfInterestedPerson>
        <Relationship>TRUSTEE</Relationship>
        <AmountOfTransaction>2261</AmountOfTransaction>
        <DescriptionOfTransaction>GIFT PROCESSING</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
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      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>FRANK C WOODSIDE III MD</BusinessNameLine1>
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        </NameOfInterestedPerson>
        <Relationship>TRUSTEE</Relationship>
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        <DescriptionOfTransaction>LEGAL SERVICES</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
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        <MethodOfDeterminingRevenues>OPINION OF EXPERTS</MethodOfDeterminingRevenues>
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      <BooksAndPublications>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>41114</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>OPINION OF EXPERTS</MethodOfDeterminingRevenues>
      </BooksAndPublications>
      <ClothingAndHouseholdGoods>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>2981</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST/SELLING PRICE</MethodOfDeterminingRevenues>
      </ClothingAndHouseholdGoods>
      <CarsAndOtherVehicles>
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        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>6000</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST/SELLING PRICE</MethodOfDeterminingRevenues>
      </CarsAndOtherVehicles>
      <IntellectualProperty>
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        <NumberOfContributions>7</NumberOfContributions>
        <NoncashContribsRptdF990>5578055</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST/SELLING PRICE</MethodOfDeterminingRevenues>
      </IntellectualProperty>
      <SecuritiesPubliclyTraded>
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        <NumberOfContributions>129</NumberOfContributions>
        <NoncashContribsRptdF990>9535087</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>AVG HIGH/LOW PRICE</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <Collectibles>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>3</NumberOfContributions>
        <NoncashContribsRptdF990>234325</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>OPINION OF EXPERTS</MethodOfDeterminingRevenues>
      </Collectibles>
      <DrugsAndMedicalSupplies>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>4</NumberOfContributions>
        <NoncashContribsRptdF990>7929</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST/SELLING PRICE</MethodOfDeterminingRevenues>
      </DrugsAndMedicalSupplies>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>MUSICAL INSTRM</Description>
        <NumberOfContributions>141</NumberOfContributions>
        <NoncashContribsRptdF990>80043</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST/SELLING PRICE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>PROMO MAT/EVNTS</Description>
        <NumberOfContributions>179</NumberOfContributions>
        <NoncashContribsRptdF990>1889463</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST/SELLING PRICE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
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        <Description>EQUIPMENT</Description>
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        <NoncashContribsRptdF990>269425</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST/SELLING PRICE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>DONATED SRVS</Description>
        <NumberOfContributions>96</NumberOfContributions>
        <NoncashContribsRptdF990>1885208</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST/SELLING PRICE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <NumberOf8283Received>147</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>true</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
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        <ReturnReference>SCHEDULE M, PAGE 1, PART I, LINE 32B</ReturnReference>
        <Explanation>PUBLICLY TRADED STOCK IS SOLD BY LOCAL STOCK BROKERS.</Explanation>
      </Form990ScheduleMPartII>
      <Form990ScheduleMPartII>
        <Identifier>SUPPLEMENTAL INFORMATION</Identifier>
        <ReturnReference>SCHEDULE M, PAGE 2, PART II</ReturnReference>
        <Explanation>SCHEDULE M, LINE 28 - NONCASH CONTRIBUTIONS DONATED SERVICES ARE LISTED ON THIS LINE. THE DONOR SERVICES ARE RECORDED IN THE DONOR DATABASE, BUT IT IS NOT TREATED AS A TAX DEDUCTIBLE DONATION.</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc9">
      <GeneralExplanation>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>FORM 990</ReturnReference>
        <Explanation>FORM 990, PART I SUMMARY, LINE 8 AND LINE 13 AND SCHEDULE A, SECTION A, PUBLIC SUPPORT, LINE 1 - THE AMOUNTS INCLUDE GIFTS RECEIVED BY THE UNIVERSITY OF CINCINNATI FOUNDATION, GIFTS AND NON-GOVERNMENT GRANTS RECEIVED BY THE UNIVERSITY OF CINCINNATI AND THE DISTRIBUTION OF THOSE AMOUNTS TO THE UNIVERSITY OF CINCINNATI (2008, 2009, 2010). THERE ARE CERTAIN ASSETS ON THE BALANCE SHEET OF THE UNIVERSITY OF CINCINNATI FOUNDATION THAT ARE ALSO INCLUDED ON THE BOOKS OF THE UNIVERSITY OF CINCINNATI AND THE UNIVERSITY OF CINCINNATI ALUMNI ASSOCIATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ALL OTHER ACHIEVEMENTS DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4D</ReturnReference>
        <Explanation>ALL PROGRAM SERVICE ALLOCATIONS ARE MADE TO OR FOR THE BENEFIT OF THE UNIVERSITY OF CINCINNATI.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RELATED PARTY INFORMATION AMONG OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 2</ReturnReference>
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      <GeneralExplanation>
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      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>COLLECTION OF RESPONSES AND REVIEW BY LEGAL COUNSEL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>YES</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>YES</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>STATES WHERE COPY OF RETURN IS FILED</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 17</ReturnReference>
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      <GeneralExplanation>
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        <Explanation>DOCUMENTS ARE AVAILABLE UPON REQUEST.</Explanation>
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      <TransactionsRelatedOrgsTable>
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          <BusinessNameLine2>UNIVERSITY OF CINCINNATI ALUMNI ASN</BusinessNameLine2>
        </NameOfOtherOrganization>
        <TransactionType>Q</TransactionType>
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</Return>