2012-05-10T13:52:32-05:00 2011-06-30 PRICEWATERHOUSECOOPERS LLP 1301 K STREET NW 800W WASHINGTON DC 20005 990 2010-07-01 530196584 THE GEORGE WASHINGTON UNIVERSITY GEOR 7037268324 TAX DEPT45155 RESEARCH PLACE NO 160 ASHBURN VA 201474192 DEBRA DICKENSON 7037264191 2012-05-10 1 TRAVIS L PATTON 2024141000 2010 2016-02-24 21:20:13Z X STEVEN KNAPP 2121 EYE ST NW 801 WASHINGTON DC 20052 1460677559 0 X WWW.GWU.EDU X 1821 DC EDUCATION AND RESEARCH - SEE THE MISSION STATEMENT ON SCHEDULE O 36 33 14361 6300 14849747 0 48411949 64628819 1058527178 1087614052 17535 61655151 22802690 24786748 1129759352 1238684770 219281489 227497558 0 0 531602631 566470070 365017 716460 24118772 419421257 425638931 1170670394 1220323019 -40911042 18361751 2897272540 3210191235 1236666761 1349548302 1660605779 1860642933 X SEE THE MISSION STATEMENT ON SCHEDULE O 0 0 834574859 215807126 814138783 EDUCATION:GW'S MISSION IS TO PREPARE OUR STUDENTS TO BECOME SUCCESSFUL IN FURTHERING STUDIES AND/OR CAREERS; TO MATURE TO BE SELF-SUFFICIENT, CONTRIBUTING CITIZENS; AND SIMILAR TO THE ROLE MODELS AND MENTORS THEY ENCOUNTER, TO SEE THEMSELVES AS THOUGHT LEADERS AND WORLD-CHANGERS. GW HAS DEVELOPED ACADEMIC OFFERINGS THAT COMBINE DISCIPLINES, STAY ABREAST OF ADVANCES IN HUMAN KNOWLEDGE, AND PREPARE OUR STUDENTS FOR PROMISING CAREERS.STUDENTS FROM ALL 50 STATES AND THE DISTRICT OF COLUMBIA AND 131 COUNTRIES ATTEND GW. TOTAL FALL ENROLLMENT FOR ALL CAMPUSES FOR ACADEMIC YEAR END 2011 WAS 20,654. 157935482 11690432 139756598 RESEARCH AND OTHER SPONSORED PROJECTS:RESEARCH IS AN INTEGRAL PART OF GW'S EDUCATIONAL MISSION. RESEARCH OFFERS FACULTY, RESEARCH STAFF AND STUDENTS EXCITING AND VARIED OPPORTUNITIES TO CREATE, SYNTHESIZE, APPLY, SHARE AND ADVANCE KNOWLEDGE IN SCIENTIFIC, MEDICAL, PUBLIC HEALTH, TRANSPORTATION, AND OTHER ARENAS. 106160142 133718671 AUXILIARY ENTERPRISES AND OTHER:GW PROVIDES A NUMBER OF SERVICES THAT SUPPORT LEARNING, BUILD COMMUNITY AND ENHANCE THE OVERALL QUALITY OF STUDENT LIFE. AUXILIARY ENTERPRISES INCLUDE FACILITIES AND RESIDENTIAL PROPERTY MANAGEMENT, DINING, BOOKSTORE, PARKING, STUDENT HEALTH, MAIL AND LAUNDRY SERVICES. GW'S MARVIN CENTER HOUSES DINING FACILITIES, STUDENT ORGANIZATION OFFICES AND MEETING ROOMS AND IS UTILIZED BY STUDENTS, FACULTY, STAFF, AND VISITORS.FOR MORE INFO ABOUT GW'S PROGRAMS & ACCOMPLISHMENTS, SEE THE 2010-2011 FINANCIAL REPORT ON THE COMPTROLLER'S OFFICE'S WEBSITE AT: HTTP://FINANCEOFFICE.GWU.EDU/ANNUAL_REPORTS.HTML. 1098670483 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 1 1 0 0 1 1 0 1 1 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 36153 0 1 14361 1 1 1 1 BR CJ EI 0 0 0 1 1 1 1 0 0 0 X 36 33 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA MD X DEBRA DICKENSON COMPTROLLER 7037264191 45155 RESEARCH PLACE SUITE 260 ASHBURN VA 201474192 X W RUSSELL RAMSEY 5.00 X 0 0 0 NELSON A CARBONELL JR 5.00 X 0 0 0 I ALLAN FROM 5.00 X 0 0 0 CYNTHIA BAKER 2.00 X 0 0 0 RICHARD W BLACKBURN 2.00 X 0 0 0 MARIA MATILDE BONETTI 2.00 X 0 0 0 CHRISTOPHER J BRIGHT 2.00 X 0 0 0 GEORGE A COELHO 3.00 X 0 0 0 HEATHER S FOLEY 2.00 X 0 0 0 GARY GRANOFF 2.00 X 0 0 0 MARK V HUGHES 3.00 X 0 0 0 JAMES F HUMPHREYS 2.00 X 0 0 0 MORTON P HYMAN THROUGH 123110 2.00 X 0 0 0 DAVID KARLGAARD 2.00 X 0 0 0 STUART S KASSAN MD 2.00 X 0 0 0 JAY E KATZEN MD 2.00 X 0 0 0 BOBBIE GREENE KILBERG 2.00 X 0 0 0 J RICHARD KNOP 2.00 X 0 0 0 PETER B KOVLER 2.00 X 0 0 0 GERALD S LAZARUS MD 2.00 X 0 0 0 RANDY L LEVINE 2.00 X 0 0 0 BJ PENN 2.00 X 0 0 0 ROBERT G PERRY 3.00 X 0 0 0 LINDA RABBITT 3.00 X 0 0 0 DEBORAH RATNER SALZBERG 2.00 X 0 0 0 STEVEN C ROBERTS 2.00 X 0 0 0 STEVEN S ROSS 3.00 X 0 0 0 MARK R SHENKMAN 2.00 X 0 0 0 DAVID BRUCE SMITH 2.00 X 0 0 0 ROBERT K TANENBAUM 3.00 X 0 0 0 CYNTHIA STEELE VANCE 3.00 X 0 0 0 SUNIL WADHWANI 2.00 X 0 0 0 KERRY WASHINGTON 2.00 X 0 0 0 GEORGE W WELLDE JR 2.00 X 0 0 0 OMAR WOODWARD 2.00 X 0 0 0 ELLEN ZANE 2.00 X 0 0 0 STEVEN KNAPP 50.00 X X 1021502 0 142639 JOHN F WILLIAMS MD 50.00 X 803349 0 42642 JEFFREY AKMAN MD 50.00 X 0 0 0 LOUIS H KATZ 50.00 X 859207 0 47764 STEVEN LERMAN 50.00 X 308775 0 76183 ROBERT A CHERNAK 50.00 X 608724 0 55835 BETH NOLAN 50.00 X 536210 0 51322 LEO CHALUPA 50.00 X 431494 0 45757 MICHAEL MORSBERGER 50.00 X 304030 0 32822 JOHN KUDLESS 50.00 X 291780 0 33626 DONALD W LINDSEY 50.00 X 556980 0 42530 DAVID P STEINOUR 50.00 X 341874 0 28822 MARGUERITE E BARRATT 50.00 X 314811 0 24500 FREDERICK F LAWRENCE 50.00 X 500471 0 34688 GREGORY E MAGGS 50.00 X 249309 0 36828 JAMES L SCOTT MD 50.00 X 443716 0 36228 SHAHRAM SARKANI 50.00 X 804578 0 41642 KARL B HOBBS 50.00 X 538127 0 60651 THOMAS A MAZZUCHI 50.00 X 484480 0 49969 STEPHEN SALTZBURG 50.00 X 528792 0 37857 LORRAINE VOLES 50.00 X 445205 0 1500 STEPHEN J TRACHTENBERG 40.00 X 610383 0 36857 DONALD R LEHMAN 40.00 X 714609 0 24500 11698406 0 985162 1045 1 1 0 GWU MEDICAL FACULTY ASSOCIATES 2150 PENNSYLVANIA AVE NW WASHINGTON DC 20037 TEACHING & RESEARCH 23928175 DONOHOE CONSTRUCTION CO 2101 WISCONSIN AVE NW WASHINGTON DC 20007 CONSTRUCTION - SVCS & MATERIALS 13297429 WHITING TURNER CONTRACTING COMPANY 300 E JOPPA RD BALTIMORE MD 21286 CONSTRUCTION - SVCS & MATERIALS 12324772 ARAMARK FACILITY SERVICES 1101 MARKET STREET PHILADELPHIA PA 19107 FACILITY SVCS 7533485 SODEXO INC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 DINING SVCS 6956781 287 40722 18318884 46269213 1439923 64628819 STUDENT TUITION & FEES 900099 747836317 747836317 GRANTS & CONTRACTS 900099 149572297 149572297 AUXILIARY ENTERPRISES 611710 96903358 96903358 OTHER PROGRAM SERVICE 721110 93302080 78166924 15135156 1087614052 10175968 10175968 317652 317652 49490131 24743102 24747029 24747029 24747029 248704687 197225504 51479183 51479183 51479183 28668 40722 21013 7655 7655 2991 3170 -179 -179 UNRELATED PARTNERSHIP 525990 -285409 -285409 -285409 1238684770 1072478896 14849747 86727308 149000 149000 227348558 227348558 8256200 1015102 5281226 1959872 453994955 402316215 40013791 11664949 31030217 26852897 3267326 909994 43281929 37455271 4557370 1269288 29906769 25880689 3149033 877047 2989193 465608 2523585 2708578 250708 2450570 7300 3824 3824 716460 716460 8347695 8347695 77014314 66663973 9390950 959391 4690715 2093583 2478401 118731 29449072 23420504 4873681 1154887 15183852 12030561 3034035 119256 7975 7975 57861437 53567631 4288398 5408 17212410 15654148 655683 902579 22543252 15750380 4333305 2459567 31235854 29601441 1634413 21971406 21598152 351549 21705 66790090 63355576 3434514 3152509 3118349 34160 RESEARCH SUBCONTRACTS 39756960 39756960 SUBSCRIPTION/PERIODICAL 3913708 3820467 48304 44937 MEMBERSHIPS 2467928 2118071 328234 21623 UBI TAX (NY) 2500 2500 INTRDEPARTMENTL ASSMNTS 0 6932281 -7790020 857739 18335659 17442559 845061 48039 1220323019 1098670483 97533764 24118772 973538 1212243 225493259 305189468 50069705 65475900 31618224 47437735 451750 144319 11761621 10017588 2394338514 609829351 1693872599 1784509163 203911720 313657884 611847384 610814452 29187236 28727826 8543517 8100384 29541987 34904273 2897272540 3210191235 144576530 170152465 42341919 42705109 218812293 218035093 226198026 225588663 568868223 658495104 35869770 34571868 1236666761 1349548302 X 1251988929 1390477294 193243257 248975916 215373593 221189723 1660605779 1860642933 2897272540 3210191235 X 18361751 181675403 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 3824 3824 3824 3824 1205978174 1205978174 1205981998 1205981998 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 11260 1906 3824 16990 250000 250000 250000 250000 1000000 1500000 5710000 X X X X 0 1143581701 20048815 239647928 -7817598 -56012499 -8347695 1331100652 1011192217 14550663 187659517 -7874781 -54920355 -7025560 1143581701 1256432040 21256721 -200350848 -8010461 -50425422 -7709813 1011192217 0.71160 0.13860 0.14980 0 0 795180 139352390 140147570 723095598 1285699120 451406240 1557388478 15962255 7566672 8395583 229433971 150856439 78577532 1784509163 DEFERRED COMPENSATION LIFE INSURANCE - CASH SURRENDER VALUE 2611522 F INVESTMENT FUND FOR 457 LIABILITIES 18332980 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS 23394266 F RECEIVABLE FROM CHARITABLE REMAINDER TRUSTS HELD BY A THIRD PARTY 1528269 F LIFE INCOME FUNDS 11213725 F LIMITED PARTNERSHIPS 53624261 F OTHER SECURITIES 499279242 F BONDS AND NOTES 40000 F OTHER STOCKS 790187 F 610814452 REFUNDABLE ADVANCES 28198691 INSURANCE RESERVES 6373177 34571868 1238684770 1220323019 18361751 169120671 348100 12206632 181675403 200037154 1219786503 169120671 348100 4431632 173900403 1045886100 8347695 184450975 192798670 1238684770 1027524349 24767285 24767285 1002757064 8347695 209218260 217565955 1220323019 PART III, LINE 4: THE UNIVERSITY HOLDS A COLLECTION OF HISTORICAL DOCUMENTS IN THE AMOUNT OF $5,710,000. IN ADDITION, THE UNIVERSITY HOLDS A PERMANENT COLLECTION OF ARCHIVES, HISTORICAL DOCUMENTS, AND ARTWORK WHICH INCLUDES PAINTINGS, SCULPTURES, GRAPHICS, TEXTILES, CERAMICS, HISTORIC FURNISHINGS, AND PHOTOGRAPHS. WITHIN THE COLLECTION ARE ARTIFACTS THAT ARE OF SIGNIFICANCE TO BOTH THE SCHOOL AND THE DISTRICT OF COLUMBIA. THE COLLECTION FURTHERS THE CURRICULAR OFFERINGS OF THE UNIVERSITY THROUGH BOTH RESEARCH AND STUDY, AND ALSO PROMOTES LIFELONG LEARNING AND RECREATION IN THE VISUAL ARTS THROUGH EXHIBITIONS AND EDUCATIONAL PROGRAMS FOR THE UNIVERSITY AND THE GREATER COMMUNITY. THE COLLECTION IS MANAGED BY THE UNIVERSITY'S LUTHER W. BRADY ART GALLERY, AN EDUCATIONAL GALLERY LOCATED ON CAMPUS. THE UNIVERSITY ALSO MAINTAINS A SECOND GALLERY THROUGH THE SUPPORT OF ITS FINE ARTS AND ART HISTORY STUDENTS. THE DIMOCK GALLERY PROVIDES A "HANDS-ON" EXPERIENCE FOR CURATING AND PRESENTING STUDENTS' CREATIVE ENDEAVORS WHERE STUDENTS CAN ORGANIZE EXHIBITIONS AND LEARN ABOUT EXHIBITION DESIGN WITH THE ADVICE OF FACULTY AND CURATORS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT PROVIDES STABLE FINANCIAL SUPPORT TO A WIDE VARIETY OF PROGRAMS AND ACTIVITIES IN PERPETUITY, PLAYING A CRITICAL ROLE IN ENABLING THE UNIVERSITY TO ACHIEVE ITS MISSION. PROGRAMS SUPPORTED BY THE ENDOWMENT INCLUDE SCHOLARSHIPS, CHAIRS AND PROFESSORSHIPS, FELLOWSHIPS, RESEARCH ACTIVITIES, AND LIBRARIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE TRUSTS 4,427,371. ADJUSTMENT FOR SUBSIDIARY ACTIVITY 4,261. POST RETIREMENT RELATED CHARGES FAS 158 7,775,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE TRUSTS 4,427,371. SUBSIDIARY REVENUE 4,261. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNIVERSITY FUNDED SCHOLARSHIPS NETTED AGAINST FS REVENUE 209,218,260. RENTAL PROPERTY EXPENSES NETTED AGAINST TAX REVENUE -24,743,102. FUNDRAISING EVENTS AND GAMING ACTIVITY EXPENSES NETTED AGAINST TAX REVENUE -24,183. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL PROPERTY EXPENSES NETTED AGAINST TAX REVENUE 24,743,102. FUNDRAISING EVENTS AND GAMING ACTIVITY EXPENSES NETTED AGAINST TAX REVENUE 24,183. PART XIII, LINE 4B - OTHER ADJUSTMENTS: UNIVERSITY FUNDED SCHOLARSHIPS NETTED AGAINST FS REVENUE 209,218,260. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE POLICY IS PUBLISHED ON THE UNIVERSITY'S WEBSITE AND IS PRINTED IN ALL MAJOR UNDERGRADUATE AND GRADUATE APPLICATION MATERIALS, INCLUDING UNDERGRADUATE AND GRADUATE BULLETINS AND COURSE CATALOGS, STUDENT HANDBOOKS, FINANCIAL AID SOURCEBOOKS, GUIDE TO STUDENT RIGHTS AND RESPONSIBILITIES AND EMPLOYMENT APPLICATION MATERIALS. THE UNIVERSITY CONTINUES IN ITS EFFORTS TO ENSURE ALL SUPPLEMENTARY WRITTEN COMMUNICATIONS ALSO INCLUDE A REFERENCE TO THE POLICY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 LINE 6A: THE UNIVERSITY RECEIVES FINANICAL ASSISTANCE FROM VARIOUS GOVERNMENTAL AGENCIES, WITHIN THE FEDERAL GOVERNMENT AND WITHIN LOCAL JURISDICTIONS. THE GOVERNMENTAL GRANTS AND CONTRACTS SUPPORT CERTAIN RESEARCH PROJECTS AND STUDENT FINANCIAL AID. LINE 6B: THE UNIVERSITY DETECTED AND SELF REPORTED A THEFT THAT HAD BEEN PERPETRATED BY AN INDIVIDUAL WITH CRIMINAL INTENT IN COLLUSION WITH OTHERS ON A FEDERAL COOPERATIVE AGREEMENT. ACTIVITY ON THAT AGREEMENT WAS PARTIALLY SUSPENDED ON JUNE 29, 2004 DURING THE INVESTIGATION AND THE INDIVIDUAL WAS TERMINATED AND SUBSEQUENTLY IMPRISONED. ALL ACTIVITY ON THE AGREEMENT WAS FULLY REINSTATED ON OCTOBER 31, 2005. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 192363000 EAST ASIA AND THE PACIFIC INVESTMENTS 19907000 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 25000000 SOUTH AMERICA INVESTMENTS 33000000 CENTRAL AMERICA AND THE CARIBBEAN 0 5 PROGRAM STUDY ABROAD; SHORT TERM TRAINING; MEDICAL EDUCATION; RESEARCH 221000 EAST ASIA AND THE PACIFIC 0 3 PROGRAM STUDY ABROAD; DEGREE PROGRAMS IN SINGAPORE AND TAIWAN; MEDICAL EDUCATION; RESEARCH 2179000 EUROPE (INCLUDING ICELAND & GREENLAND) 3 16 PROGRAM STUDY ABROAD; DISTANCE EDUCATION COURSES; MEDICAL EDUCATION; RESEARCH 9866000 MIDDLE EAST AND NORTH AFRICA 0 2 PROGRAM STUDY ABROAD; MEDICAL EDUCATION; RESEARCH 1316000 NORTH AMERICA 0 9 PROGRAM STUDY ABROAD; RESEARCH 237000 RUSSIA & THE NEWLY INDEPENDENT STATES 0 11 PROGRAM STUDY ABROAD; RESEARCH 418000 SOUTH AMERICA 1 7 PROGRAM STUDY ABROAD; SHORT TERM TRAINING; MEDICAL EDUCATION; RESEARCH 1602000 SOUTH ASIA 0 2 PROGRAM STUDY ABROAD; MEDICAL EDUCATION; RESEARCH 350000 SUB-SAHARAN AFRICA 0 1 PROGRAM STUDY ABROAD; MEDICAL EDUCATION; RESEARCH 1260000 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 148000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 32000 MIDDLE EAST AND NORTH AFRICA 0 0 FUNDRAISING 9000 NORTH AMERICA 0 0 FUNDRAISING 5000 SOUTH AMERICA 0 0 FUNDRAISING 11000 SOUTH ASIA 0 0 FUNDRAISING 13000 26 30 56 283852000 4085000 287937000 1 0 1 0 1 1 X X X X X X X 1 LEGACY LEADERS 425 UNIVERSITY AVE SUITE 700 TORONTO ONTARIO CA M5G 1T6 CONSULTS ON PLANNED GIVING PROGRAM 0 33522 204553 -171031 GRENZEBACH GLIER AND ASSOCIATES 401 N MICHIGAN AVE SUITE 2800 CHICAGO IL 60611 CONSULTS ON FUNDRAISING STRATEGY AND PROSPECT EVALUATION 0 0 386691 -386691 MARTS AND LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 CONSULTS ON FUNDRAISING STRATEGY 0 0 45428 -45428 PENTERA INC 8650 COMMERCE PARK PLACE SUITE G INDIANAPOLIS IN 46268 PREPARATION OF MATERIALS FOR MAILING AND PLANNED GIVING 0 0 35840 -35840 NEXT STEP PHILANTHROPY 1420 SPRING HILL ROAD SUITE 490 MCLEAN VA 22102 CONSULTS ON PROJECT-SPECIFIC FUNDRAISING STRATEGY 0 0 25050 -25050 AUSTIN-BARNES ASSOCIATED LLC 540 N ST ASAPH STREET ALEXANDRIA VA 22314 CONSULTS ON PROJECT-SPECIFIC FUNDRAISING STRATEGY 0 0 10000 -10000 THE PLANNED GIVING COMPANY INC 28 WEST STATE STREET MEDIA PA 19063 PREPARATION OF MATERIALS FOR MAILING AND PLANNED GIVING 0 0 8898 -8898 33522 716460 -682938 MD NJ VA FUNDRAISING EVENT 1 18504 18100 404 108 500 80 FUNDRAISING EVENT 2 50886 22622 28264 12784 891 2202 4448 69390 40722 28668 12784 891 2310 500 4528 21013 7655 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) FUNDRAISER AGREEMENTS THAT PROVIDE BOTH PAYMENTS FOR SERVICES AND PAYMENTS FOR EXPENSES REQUIRE EXPENSES TO BE DOCUMENTED WITH RECEIPTS. THERE WERE NO AGREEMENTS WITH FUNDRAISERS EXCLUSIVELY FOR EXPENSES. 1 1 1 X 0 1 1 0 0 452894 452894 0.00040 0 995426 995426 0.00080 1448320 1448320 0.00120 1448320 1448320 0.00120 1 1045417 0 18033046 18154545 -121499 X 1 1 1 1 DISTRICT HOSP PARTNERS LP DBA GWU HOSP

900 23RD STREET NW WASHINGTON DC 20037

X X X X X OPER. INDIRECT VIA 20% INT. IN PSHIP DISTRICT HOSP PARTNERS LP DBA GWU HOSP 1 0 1 1 200.000000000000 0 0 1 0 1 X X 1 X X X X X X 1 X X 0 0 PART I, LINE 7: THE GEORGE WASHINGTON UNIVERSITY HOSPITAL IS OWNED BY A LIMITED PARTNERSHIP OF WHICH GW IS A MINORITY LIMITED PARTNER. GW'S STATUS AS A LIMITED PARTNER PROVIDES IT WITH ACCESS TO THE HOSPITAL FACILITIES FOR ITS MEDICAL SCHOOL EDUCATION PROGRAMS, AS DESCRIBED IN MORE DETAIL LATER IN THIS SECTION. ALL NUMBERS REPORTED ON SCHEDULE H REPRESENT ONLY THE UNIVERSITY'S 20% INTEREST IN THE PARTNERSHIP THAT OWNS THE HOSPITAL AND THESE AMOUNTS ARE A RELATIVELY SMALL PERCENTAGE OF THE UNIVERSITY'S OVERALL ACTIVITY. IT IS ALSO IMPORTANT TO NOTE THAT THE CHARITY CARE AMOUNTS ON SCHEDULE H ARE REPORTED AT COST AND DIFFER FROM THE AMOUNTS REPORTED AS UNCOMPENSATED CARE IN OTHER PUBLIC REPORTS THAT TAKE OTHER FACTORS INTO CONSIDERATION WHEN CALCULATING UNCOMPENSATED CARE. READERS SHOULD REFER TO THE HOSPITAL'S 2011 CARING AND COMMITMENT REPORT FOR DETAILED INFORMATION WITH REGARDS TO THE HOSPITAL'S COMMUNITY IMPACT, INCLUDING UNCOMPENSATED CARE, EDUCATION, COMMUNITY PROGRAMS, COMMUNITY HEALTH INITIATIVES, CLINICS AND SUPPORT TO UNINSURED PATIENTS. PART III, LINE 4: THIS FOOTNOTE IS FROM THE CONSOLIDATED FINANCIAL STATEMENTS FOR UNIVERSAL HEALTH SERVICES, INC (UHS). THE GW HOSPITAL IS OWNED AND OPERATED BY A PARTNERSHIP BETWEEN THE UNIVERSITY AND A SUBSIDIARY OF UHS."COLLECTION OF RECEIVABLES FROM THIRD-PARTY PAYERS AND PATIENTS IS UHS' PRIMARY SOURCE OF CASH AND IS CRITICAL TO UHS' OPERATING PERFORMANCE. UHS' PRIMARY COLLECTION RISKS RELATE TO UNINSURED PATIENTS AND THE PORTION OF THE BILL WHICH IS THE PATIENT'S RESPONSIBILITY, PRIMARILY CO-PAYMENTS AND DEDUCTIBLES. UHS ESTIMATES PROVISIONS FOR DOUBTFUL ACCOUNTS BASED ON GENERAL FACTORS SUCH AS PAYER MIX, THE AGING OF THE RECEIVABLES AND HISTORICAL COLLECTION EXPERIENCE. UHS ROUTINELY REVIEWS ACCOUNTS RECEIVABLE BALANCES IN CONJUNCTION WITH THESE FACTORS AND OTHER ECONOMIC CONDITIONS WHICH MIGHT ULTIMATELY AFFECT THE COLLECTABILITY OF THE PATIENT ACCOUNTS AND MAKE ADJUSTMENTS TO ALLOWANCES AS WARRANTED. AT ACUTE CARE HOSPITALS, THIRD PARTY LIABILITY ACCOUNTS ARE PURSUED UNTIL ALL PAYMENTS AND ADJUSTMENTS ARE POSTED TO THE PATIENT ACCOUNT. FOR THOSE ACCOUNTS WITH A PATIENT BALANCE AFTER THIRD PARTY LIABILITY IS FINALIZED OR ACCOUNTS FOR UNINSURED PATIENTS, THE PATIENT IS SENT A SERIES OF STATEMENTS AND COLLECTION LETTERS. PATIENTS THAT EXPRESS AN INABILITY TO PAY ARE REVIEWED FOR POTENTIAL SOURCES OF ASSISTANCE INCLUDING UHS' CHARITY CARE POLICY. IF THE PATIENT IS DEEMED UNWILLING TO PAY, THE ACCOUNT IS WRITTEN-OFF AS BAD DEBT AND TRANSFERRED TO AN OUTSIDE COLLECTION AGENCY FOR ADDITIONAL COLLECTION EFFORT.UNINSURED PATIENTS THAT DO NOT QUALIFY AS CHARITY PATIENTS ARE EXTENDED AN UNINSURED DISCOUNT OF AT LEAST 20% OF TOTAL CHARGES. DURING THE COLLECTION PROCESS THE HOSPITAL ESTABLISHES A PARTIAL RESERVE IN THE ALLOWANCE FOR DOUBTFUL ACCOUNTS FOR SELF-PAY BALANCES OUTSTANDING FOR GREATER THAN 60 DAYS FROM THE DATE OF DISCHARGE. ALL SELF-PAY ACCOUNTS AT THE HOSPITAL LEVEL ARE FULLY RESERVED IF THEY HAVE BEEN OUTSTANDING FOR GREATER THAN 90 DAYS FROM THE DATE OF DISCHARGE. THIRD PARTY LIABILITY ACCOUNTS ARE FULLY RESERVED IN THE ALLOWANCE FOR DOUBTFUL ACCOUNTS WHEN THE BALANCE AGES PAST 180 DAYS FROM THE DATE OF DISCHARGE. POTENTIAL CHARITY ACCOUNTS ARE FULLY RESERVED WHEN IT IS DETERMINED THE PATIENT MAY BE UNABLE TO PAY.ON A CONSOLIDATED BASIS, UHS MONITORS TOTAL SELF-PAY RECEIVABLES TO ENSURE THAT THE TOTAL ALLOWANCE FOR DOUBTFUL ACCOUNTS PROVIDES ADEQUATE COVERAGE BASED ON HISTORICAL COLLECTION EXPERIENCE." PART III, LINE 8: UTILIZED THE RATIO OF TOTAL COSTS TO TOTAL CHARGES FOR THE APPLICABLE REPORTING PERIOD. PART III, LINE 9B: IF DETERMINED TO BE CHARITY, THERE ARE NO ATTEMPTS TO COLLECT. DISTRICT HOSP. PARTNERS LP DBA GWU HOSP. PART V, SECTION B, LINE 19D: BEYOND THOSE LISTED ALL INDIVIDUALS WHO ARE DETERMINED TO BE SELF PAY RECEIVE AN AUTOMATIC 20% DISCOUNT FROM GROSS CHARGES. IN ADDITION THE HOSPITAL HAS A LIST OF FREQUENTLY REQUESTED SERVICES FOR WHICH THERE ARE SET RATES FOR THOSE INDIVIDUALS WHO DO NOT HAVE INSURANCE. THE AMOUNTS BILLED IN THESE INSTANCES ARE TYPICALLY BASED ON AVERAGE COMMERCIAL RATES, MEDICARE RATES AND/OR COST. PART VI, SUPPLEMENTAL INFORMATION: AS PART OF ITS EDUCATIONAL MISSION, GW OPERATES THE GW MEDICAL SCHOOL, AN INTERDISCIPLINARY ACADEMIC DEPARTMENT THAT PROVIDES LEADING HEALTH CARE AND INSTRUCTION, INCLUDING UNDERGRADUATE AND GRADUATE MEDICAL DEGREE PROGRAMS. THE HEALTHCARE ENTERPRISES OF GW CONSIST OF THE SCHOOL OF MEDICINE AND HEALTH SCIENCES, THE SCHOOL OF PUBLIC HEALTH AND HEALTH SERVICES, AND THE SCHOOL OF NURSING. IN THE UNDERGRADUATE MEDICAL SCHOOL CURRICULUM, MEDICAL STUDENTS PARTICIPATE IN THE CORE CLINICAL CLERKSHIPS, A WIDE VARIETY OF CLINICAL ELECTIVES, AND THE INNOVATIVE PRACTICE OF MEDICINE COURSE, WHICH SPANS ALL FOUR YEARS AND PROVIDES STUDENTS WITH BOTH EARLY EXPOSURE TO PATIENTS AND THE MEANS TO DEVELOP OUTSTANDING CLINICAL THINKING, INTERPERSONAL AND TECHNICAL SKILLS, AND PROFESSIONALISM. THE GRADUATE MEDICAL EDUCATION PROGRAM OFFERS A WIDE VARIETY OF MEDICAL RESIDENCY TRAINING PROGRAMS. GW RELIES EXTENSIVELY ON THE HOSPITAL FACILITIES AT THE GW HOSPITAL, WHICH IS LOCATED ADJACENT TO THE GW CAMPUS, FOR THE EDUCATION AND TRAINING OF STUDENTS IN BOTH OF THESE UNDERGRADUATE AND GRADUATE MEDICAL SCHOOL PROGRAMS. THE GW HOSPITAL IS MINUTES FROM WASHINGTON, DC'S TOURIST SITES AND GOVERNMENT HEADQUARTERS AND SERVES A DIVERSE GROUP OF PATIENTS - FROM AREA RESIDENTS TO VISITING DIGNITARIES AND HEADS OF STATE. THE GW HOSPITAL OFFERS FREE COMMUNITY HEALTH AND WELLNESS CLASSES AND SERVICES AND DONATES GENEROUSLY TO SEVERAL LOCAL CHARITABLE, EDUCATIONAL AND NONPROFIT ORGANIZATIONS. THE HOSPITAL SUPPORTS THE IDEA OF MEDICAL HOMES AS A SAFETY NET OF PRIMARY CARE SERVICES AND HEALTHCARE SCREENINGS FOR OUR NEIGHBORS WHO LACK ADEQUATE HEALTH INSURANCE AND ACCESS TO HEALTHCARE. GW HOSPITAL MAKES FINANCIAL CONTRIBUTIONS TO THE DC PRIMARY CARE ASSOCIATION AND UNITY HEALTHCARE, RECOGNIZING THEIR PIVOTAL ROLE IN PROVIDING HEALTHCARE AND PREVENTION SERVICES TO THOSE WHO NEED THEM THE MOST. IN ADDITION, THE GW MEDICAL SCHOOL WORKS COOPERATIVELY WITH COMMUNITY CLINICS THROUGHOUT THE CITY, PROVIDING MEDICAL RESIDENTS WHO ASSIST WITH PRIMARY CARE SERVICES. SUCH EFFORTS AIM TO IMPROVE THE HEALTH OF THE COMMUNITY AND REDUCE THE COST OF HEALTHCARE DELIVERY BY ALLOWING REGULAR ACCESS TO HEALTHCARE FOR LOW-INCOME RESIDENTS. GW HOSPITAL PROVIDES A VARIETY OF COMMUNITY HEALTH INITIATIVES AND HEALTH SCREENINGS TO AREA BUSINESSES, COMMUNITY EVENTS, CHURCHES AND OTHER LARGE GROUP GATHERINGS. IN PARTNERSHIP WITH THE GW MEDICAL SCHOOL AND GW CANCER INSTITUTE, THE HOSPITAL HAS ORGANIZED A VARIETY OF EDUCATIONAL PROGRAMS AND SCREENINGS THAT EMPHASIZE DISEASE PREVENTION AND DETECTION, AS WELL AS DIAGNOSIS AND TREATMENT OF BREAST CANCER, ORAL CANCER, PROSTATE CANCER, COLORECTAL CANCER, LUNG CANCER AND OTHER SERIOUS MEDICAL CONDITIONS. FREE SUPPORT GROUPS ARE AVAILABLE THROUGH GW HOSPITAL FOR CANCER PATIENTS AND THEIR FAMILIES. THE HOSPITAL ALSO OFFERS MORE THAN 20 PUBLIC HEALTH SEMINARS A YEAR ON TOPICS SUCH AS CARDIAC ARREST, PAIN MANAGEMENT, HYPERTENSION AND JOINT REPLACEMENT.AT THE ANNUAL FOGGY BOTTOM COMMUNITY DAY, THE GW MEDICAL COMMUNITY OFFERS FREE SCREENINGS AND EDUCATIONAL PROGRAMS ON TOPICS INCLUDING SMOKING CESSATION, ORAL CANCER SCREENING, BREAST CANCER, STROKE AND HEART DISEASE SCREENING.THE GW HOSPITAL IS COMMITTED TO HELPING UNINSURED PATIENTS QUALIFY FOR LOCAL AND STATE HEALTH BENEFIT PROGRAMS. THE HOSPITAL OFFERS ON-SITE BENEFIT EDUCATION AND MEDICAID ENROLLMENT ASSISTANCE AND ADVISES PATIENTS WHO ARE ELIGIBLE TO RECEIVE SERVICES WITHOUT CHARGE OR AT A REDUCED CHARGE. 1 HILLEL AT THE GEORGE WASHINGTON UNIVERSITY INC 2300 H STREET NW WASHINGTON DC 20037 526081729 501(C)(3) 149000 SEE PART IV 1 0 FINANCIAL ASSISTANCE IN THE FORM OF UNIVERSITY-AWARDED GRANTS, SCHOLARSHIPS, AND ALLOCATIONS 9000 209218260 FINANCIAL ASSISTANCE IN THE FORM OF STIPENDS, PRIZES, AND AWARDS 3200 18130298 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS: THE ORGANIZATION PRESENTED PLANS FOR THE RENOVATION, MAINTENANCE, FURNISHING AND ENDOWMENT TO GW. DETAILS, SUCH AS BUDGETS, ARE PROVIDED TO GW ON REQUEST IN CONNECTION WITH ITS REVIEW. A REPORT WILL BE PROVIDED TO GW UPON COMPLETION OF THE RENOVATION. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS: THE FINANCIAL AID OFFICE KEEPS RECORDS ON ITS INTEGRATED SOFTWARE SYSTEM THAT SUBSTANTIATES THE AMOUNT GRANTED TO EACH STUDENT, THE ELIGIBILITY CRITERIA FOR EACH STUDENT, AND THE SELECTION PROCESS USED IN AWARDING ASSISTANCE. THE UNIVERSITY'S GRANTS AND OTHER ASSISTANCE ARE INITIALLY CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT IN ITS INTEGRATED SOFTWARE SYSTEM IN ORDER TO PAY FOR TUITION, FEES, ROOM AND BOARD AND/OR TEXTBOOK CHARGES. A CHANGE IN ENROLLMENT STATUS RESULTS IN WEEKLY REPORTS THAT FINANCIAL AID STAFF REVIEW FOR POSSIBLE ADJUSTMENTS. THE BALANCE OF AID IN EXCESS OF THE ABOVE CHARGES CAN BE REFUNDED TO THE STUDENT FOR LIVING EXPENSES. THE SYSTEM CHECKS THAT THE STUDENT IS STILL ENROLLED BEFORE ISSUING THE REFUND CHECK. OTHER INFORMATION: PART IV: PART II, LINE 1(H): IN RECOGNITION OF THE SERVICES THAT GW HILLEL PROVIDES TO STUDENTS AT GW, GW AND GW HILLEL CONDUCTED A JOINT FUNDRAISING CAMPAIGN FOR THE RENOVATION, MAINTENANCE, FURNISHINGS, AND ENDOWMENT OF GW HILLEL'S FACILITIES LOCATED ON THE GW CAMPUS. ALL RESTRICTED CONTRIBUTIONS RECEIVED BY GW UNDER THE CAMPAIGN ARE AWARDED AS GRANTS TO GW HILLEL UNDER THE TERMS OF THE JOINT FUNDRAISING AGREEMENT. X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 1 1 STEVEN KNAPP 725231 0 141575 0 154696 0 56650 0 87661 0 1165813 0 0 0 JOHN F WILLIAMS MD 724481 0 0 0 78868 0 24500 0 19814 0 847663 0 0 0 LOUIS H KATZ 625000 0 183750 0 50457 0 42764 0 8083 0 910054 0 0 0 STEVEN LERMAN 291864 0 0 0 16911 0 24500 0 52551 0 385826 0 0 0 ROBERT A CHERNAK 451675 0 118388 0 38661 0 42478 0 16647 0 667849 0 0 0 BETH NOLAN 397301 0 120500 0 18409 0 42000 0 10924 0 589134 0 0 0 LEO CHALUPA 353815 0 56320 0 21359 0 37400 0 9560 0 478454 0 0 0 MICHAEL MORSBERGER 251515 0 4375 0 48140 0 26250 0 7019 0 337299 0 0 0 JOHN KUDLESS 258723 0 14749 0 18308 0 28033 0 6953 0 326766 0 0 0 DONALD W LINDSEY 444770 0 90400 0 21810 0 24500 0 19620 0 601100 0 0 0 DAVID P STEINOUR 273801 0 64463 0 3610 0 24500 0 5660 0 372034 0 0 0 MARGUERITE E BARRATT 306360 0 0 0 8451 0 24500 0 1347 0 340658 0 0 0 FREDERICK F LAWRENCE 464844 0 0 0 35627 0 24500 0 11880 0 536851 0 0 0 GREGORY E MAGGS 248186 0 0 0 1123 0 24500 0 13615 0 287424 0 0 0 JAMES L SCOTT MD 406755 0 0 0 36961 0 24500 0 13281 0 481497 0 0 0 SHAHRAM SARKANI 748665 0 0 0 55913 0 24500 0 18814 0 847892 0 0 0 KARL B HOBBS 450429 0 40000 0 47698 0 47509 0 14773 0 600409 0 0 0 THOMAS A MAZZUCHI 469706 0 0 0 14774 0 24500 0 26976 0 535956 0 0 0 STEPHEN SALTZBURG 517105 0 0 0 11687 0 24500 0 14705 0 567997 0 0 0 LORRAINE VOLES 342360 0 67375 0 35470 0 0 0 2911 0 448116 0 0 0 STEPHEN J TRACHTENBERG 302675 0 0 0 307708 0 24500 0 13550 0 648433 0 0 0 DONALD R LEHMAN 505860 0 153125 0 55624 0 24500 0 1672 0 740781 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE UNIVERSITY REIMBURSES REASONABLE AND NECESSARY BUSINESS TRAVEL EXPENSES FOR THE SPOUSE OF AN OFFICER. THE UNIVERSITY ALSO REIMBURSES 1 KEY EMPLOYEE AND 1 HIGHEST COMPENSATED EMPLOYEE FOR REASONABLE TRAVEL COSTS FOR THEIR SPOUSES TO ATTEND CERTAIN NATIONAL CONFERENCES, CONVENTIONS, AND MEETINGS RELATED TO UNIVERSITY BUSINESS. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: THE UNIVERSITY PROVIDED GROSS-UPS FOR LIMITED TYPES OF PAYMENTS TO 3 OFFICERS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE PRESIDENT AND THE PROVOST AND EXECUTIVE VICE PRESIDENT FOR ACADEMIC AFFAIRS RESIDE IN ON-CAMPUS HOUSING AS A CONDITION OF THEIR EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE RESIDENCES ARE USED FOR UNIVERSITY-RELATED BUSINESS AND ENTERTAINMENT PURPOSES ON A REASONABLE AND CONTINUAL BASIS. THE VP FOR DEVELOPMENT, PER AGREEMENT, IS PROVIDED CAMPUS HOUSING. CLUB DUES: CLUB DUES ARE PAID ON BEHALF OF 2 OFFICERS AND HIGHEST COMPENSATED EMPLOYEES. THE MEMBERSHIPS ARE USED PREDOMINANTLY FOR UNIVERSITY BUSINESS PURPOSES. THE ABOVE BENEFITS WERE TREATED AS TAXABLE COMPENSATION WHEN APPROPRIATE. PART I, LINE 4B PART I, LINE 4B: IN RECOGNITION OF THE FACT THAT THE UNIVERSITY'S CONTRIBUTIONS TO QUALIFIED RETIREMENT PLAN ('401(A) PLAN') ARE LIMITED BY AN IRS CAP ON COMPENSATION ($245,000 FOR 2010) AND THE CONTRIBUTION LIMITS FOR DEFINED CONTRIBUTION PLANS ($49,000 IN 2010), THE UNIVERSITY PROVIDES ALL EMPLOYEES WHO PARTICIPATE IN THE 401(A) PLAN AND WHO EARN COMPENSATION IN EXCESS OF THE CAP WITH CONTRIBUTIONS TO A NONQUALIFIED DEFERRED COMPENSATION PLAN ('457(F) RESTORATION PLAN') EQUAL TO THE DIFFERENCE BETWEEN THE BENEFIT THE INDIVIDUAL WOULD HAVE RECEIVED UNDER THE 401(A) PLAN IF NO COMPENSATION OR CONTRIBUTION LIMITS APPLIED AND THE AMOUNT ACTUALLY ACCRUED UNDER THE 401(A) PLAN; LESS ANY EMPLOYER CONTRIBUTION TO THE GEORGE WASHINGTON UNIVERSITY ELIGIBLE DEFERRED COMPENSATION PLAN. THE AMOUNTS REPORTED IN THIS SECTION ARE ALREADY INCLUDED IN THE COMPENSATION REPORTED IN SCHEDULE J, PART II. STEVEN KNAPP - $32,150 JOHN F. WILLIAMS, M.D. - $32,641 LOUIS H. KATZ - $22,000 ROBERT A. CHERNAK - $5,300 BETH NOLAN - $17,500 LEO CHALUPA - $12,900 MICHAEL MORSBERGER - $1,750 JOHN M. KUDLESS - $3,533 DONALD W. LINDSEY - $4,200 FREDERICK F. LAWRENCE - $16,944 JAMES L. SCOTT, M.D. - $18,500 SHAHRAM SARKANI - $37,757 KARL B. HOBBS - $23,009 STEPHEN J. TRACHTENBERG - $8,156 DONALD R. LEHMAN - $28,000 PART I, LINE 7 GW OFFERED AN ANNUAL INCENTIVE COMPENSATION PLAN FOR CERTAIN SENIOR OFFICIALS. THE ANNUAL AWARD OPPORTUNITY IS CAPPED AT A PERCENTAGE OF THEIR SALARY. THE PLAN INCLUDES PROGRAMMATIC GOALS AND OBJECTIVES FOR THE YEAR THAT ARE SPECIFIC TO THEIR DEPARTMENT OR DIVISION, AS WELL AS THE UNIVERSITY, BUT ARE NON-REVENUE RELATED GOALS. THE PLAN IS APPROVED ANNUALLY BY THE BOARD OF TRUSTEES' COMMITTEE ON GOVERNANCE, COMPENSATION AND NOMINATIONS (THE "COMMITTEE"). PRIOR TO THE PAYOUT, THE COMMITTEE REVIEWS THE PERFORMANCE OF SENIOR OFFICIALS ON THEIR GOALS AND OBJECTIVES AND AWARDS THE INCENTIVE PAYMENTS BASED ON COMPARABLE MARKET DATA. THE UNIVERSITY ALSO ENGAGES ITS INTERNAL AUDITORS TO PERFORM SPECIFIC PROCEDURES TO DETERMINE WHETHER: (1) MANAGEMENT'S REVIEW OF THE COMPENSATION PROCESS FOLLOWED INTERNAL POLICIES AND PROCEDURES; AND (2) CALCULATIONS AND SOURCE DATA USED TO DETERMINE THE INCENTIVE PAYMENTS COMPLY WITH THE PLAN BEFORE THE DATA IS PROVIDED TO THE COMMITTEE FOR CONSIDERATION. PART I, LINE 8 ONE PERSON HAD AN INITIAL CONTRACT COVERING HIS BASE SALARY AND ALL BUT $13,000 OF HIS COMPENSATION DURING 2010. THE INCREMENTAL $13,000 AMOUNT WAS A TEMPORARY ADJUSTMENT WHICH WAS IN EFFECT ONLY WHILE HE HELD THE INTERIM POSITION, AFTER WHICH HE RETURNED TO HIS NORMAL SALARY. SUPPLEMENTAL INFORMATION PART III PART II, (B)(II), BONUS COMPENSATION: THE COMMITTEE ON GOVERNANCE, COMPENSATION AND NOMINATIONS OF THE UNIVERSITY'S BOARD OF TRUSTEES ("THE COMMITTEE") REVIEWS OFFICER AND KEY EMPLOYEE PERFORMANCE, GOALS AND ACCOMPLISHMENTS AND IN PRIOR YEARS, BONUSES WERE APPROVED AND GENERALLY PAID IN JANUARY OF EACH YEAR. DURING 2010, THE COMMITTEE REVIEWED THE TIMING BY WHICH BONUSES ARE PAID FOR OFFICERS AND KEY EMPLOYEES AND DECIDED TO CHANGE TIMING OF BONUS PAYMENTS TO NOVEMBER OF EACH YEAR. BECAUSE THE ANNUAL BONUS PERFORMANCE PERIOD COVERS THE FISCAL YEAR ENDING 6/30, THE INTENT WAS TO ALIGN THE TIMING OF THE BONUS MORE CLOSELY WITH THE PERIOD FOR WHICH THE PERFORMANCE RELATES. THIS RESULTED IN TWO BONUS PAYMENTS IN CALENDAR YEAR 2010 FOR CERTAIN OFFICERS AND KEY EMPLOYEES, ONE COVERING THE PERIOD 7/1/2008 - 6/30/2009 AND THE SECOND COVERING THE PERIOD 7/1/2009 - 6/30/2010. WASHINGTON NATIONALS TRUSTEE ROBERT K. TANENBAUM IS A PRINCIPAL OWNER OF THE WASHINGTON NATLS. 127500 TICKETS AND CATERING AT NATIONALS PARK 0 TOWERS WATSON TRUSTEE LINDA RABBITT IS CHAIR OF THE BOARD OF DIRECTORS AT TOWERS WATSON. 112478 EXECUTIVE COMPENSATION AND PROGRAM REVIEW 0 X 11 0 X 139996 FMV - APPR. OR EST. X 82 765913 AVG HIGH/LOW - GIFT DATE X 2 1225 FMV - APPR. OR EST. X 5 7400 FMV - APPR. OR EST. X FURN & EQUIP 4 101719 FMV - APPR. OR EST. X OTHER 20 6965 RECEIPTS X ARCHIVES 19 20400 FMV - APPR. OR EST. X LIFE INS. 10 396305 NET CASH VALUE 7 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. NON REPORTING OF REVENUE: PART I, LINE 33: PART I, LINE 1: THERE ARE NO REVENUES REPORTED IN COLUMN (C) BECAUSE THE ORGANIZATION DOES NOT RECORD THESE AS CONTRIBUTIONS EXCEPT FOR CERTAIN COLLECTIONS. FORM 990, PART VI, SECTION A, LINE 2 MARK HUGHES AND DAVID KARLGAARD - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 4 ARTICLE X, SECTION 5 OF THE BYLAWS WAS AMENDED TO MODIFY THE REQUIRED STANDARD FOR APPROVAL OF ACTIONS TAKEN BY WRITTEN CONSENT FROM A UNANIMOUS VOTE TO A VOTE OF TWO-THIRDS OF THE MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 FORMS 990 AND 990-T WERE PREPARED IN-HOUSE BY THE UNIVERSITY'S TAX DEPARTMENT. THE PRIMARY SOURCE OF INFORMATION WAS THE AUDITED FINANCIAL STATEMENTS AND SUPPORTING DOCUMENTATION. THE FINANCIAL STATEMENTS NOT ONLY SERVED AS A SOURCE OF INFORMATION BUT ALSO RECONCILED WITH THE COMPLETED 990. THE PRIMARY DIFFERENCE BETWEEN THE AUDITED FINANCIAL STATEMENTS AND THE FORM 990 WAS THE PRESENTATION FORMAT AND SPECIAL GROUPINGS OF INCOME, EXPENSES, AND BALANCE SHEET ACCOUNTS REQUIRED ON THE FORM 990. SECONDARY INFORMATION USED TO PREPARE THE FORMS CAME FROM THE OFFICES THAT HAVE PRIMARY RESPONSIBILITY FOR AN ACTIVITY, INCLUDING THE COMPTROLLER'S OFFICE (FINANCIAL REPORTING, GRANTS AND CONTRACTS ACCOUNTING SERVICES, ACCOUNTS PAYABLE), PAYROLL SERVICES, OFFICE OF THE SENIOR VP AND GENERAL COUNSEL, OFFICE OF COMPLIANCE AND PRIVACY, CHIEF INVESTMENT OFFICE, BUDGET, ATHLETICS, AND INVESTMENT REAL ESTATE, ALONG WITH OTHER OFFICES AND DEPARTMENTS THROUGHOUT THE UNIVERSITY. ONCE PREPARED, THE FORMS WERE REVIEWED INTERNALLY BY THE COMPTROLLER, THE SENIOR ASSOCIATE VICE PRESIDENT FOR FINANCE, THE OFFICE OF THE SENIOR VP AND GENERAL COUNSEL, THE EXECUTIVE VICE PRESIDENT AND TREASURER, THE PRESIDENT, AND EXTERNALLY BY PRICEWATERHOUSECOOPERS, LLP. CERTAIN SECTIONS WERE ALSO REVIEWED BY OUR OUTSIDE LEGAL COUNSEL, MORGAN, LEWIS, AND BOCKIUS. THE ASSISTANT VP FOR UNIVERSITY COMPLIANCE, OFFICE OF THE VP FOR DEVELOPMENT, AND VP FOR EXTERNAL RELATIONS PROVIDED INPUT AND REVIEWED SPECIFIC SECTIONS FOR WHICH THEY ARE SUBJECT MATTER EXPERTS. A SPECIAL MEETING OF THE COMMITTEE ON FINANCE AND AUDIT OF THE UNIVERSITY'S BOARD OF TRUSTEES PROVIDED A FULL INSTITUTIONAL REVIEW OF ALL FORMS TO ENSURE COMPLIANCE WITH THE FEDERAL TAX AUTHORITIES. PRIOR TO FILING, A FINAL COPY OF THE 990 WAS PROVIDED TO THE FULL BOARD FOR AN OPPORTUNITY TO REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICIES ARE MONITORED BY THE UNIVERSITY'S OFFICE OF COMPLIANCE AND PRIVACY, WHICH DISTRIBUTES AN ANNUAL QUESTIONNAIRE. THE QUESTIONNAIRES ARE COLLECTED, AND THE DISCLOSURES ARE SUMMARIZED AND SHARED WITH THE OFFICE OF THE SENIOR VP AND GENERAL COUNSEL AND THE BOARD OF TRUSTEES' COMMITTEE ON FINANCE AND AUDIT. ANY DISCLOSURE WHICH REVEALS FACTS THAT INDICATE AN ACTUAL OR APPARENT CONFLICT IS REVIEWED AND, WHEN APPROPRIATE, A PLAN IS IMPLEMENTED TO REMEDY, MANAGE OR MINIMIZE SUCH CONFLICT. THESE PLANS ARE MONITORED AND ENFORCED THROUGH ONGOING OVERSIGHT, COORDINATED BY THE OFFICE OF COMPLIANCE AND PRIVACY, INCLUDING A THOROUGH REVIEW OF UNIVERSITY PAYMENT REQUESTS THAT MAY CREATE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMMITTEE ON GOVERNANCE, COMPENSATION AND NOMINATIONS (THE "COMMITTEE") OF THE UNIVERSITY'S BOARD OF TRUSTEES WAS DELEGATED THE AUTHORITY BY THE BOARD TO SET EXECUTIVE COMPENSATION. THE COMMITTEE, SERVING AS THE COMPENSATION COMMITTEE, ANNUALLY REVIEWS AND DETERMINES THE COMPENSATION FOR THE PRESIDENT, AND REVIEWS AND APPROVES THE COMPENSATION RECOMMENDED BY THE PRESIDENT FOR THE OFFICERS AND KEY EMPLOYEES. IN MAKING ITS ASSESSMENTS, THE COMMITTEE OBTAINS COMPENSATION INFORMATION PREPARED BY AN INDEPENDENT COMPENSATION CONSULTING FIRM THAT INCLUDES MARKET DATA FROM COMPARABLE UNIVERSITIES FOR COMPARABLE POSITIONS. IN DETERMINING THE PRESIDENT'S COMPENSATION, THE COMMITTEE CONSIDERS THE CONSULTANT'S REPORT AND MARKET DATA IN ADDITION TO THE TERMS OF HIS EMPLOYMENT CONTRACT. THE COMMITTEE ALSO TAKES INTO CONSIDERATION ACCOMPLISHMENTS FOR THE CURRENT FISCAL YEAR AS WELL AS GOALS FOR THE UPCOMING FISCAL YEAR. WHEN REVIEWING THE REASONABLENESS OF THE SENIOR OFFICIALS' COMPENSATION, IN ADDITION TO CONSIDERING THE CONSULTANT'S REPORT AND MARKET DATA, THE COMMITTEE ALSO REVIEWS SENIOR OFFICIALS' PERFORMANCE, TAKING INTO ACCOUNT THE PRESIDENT'S RECOMMENDATIONS AND OTHER INFORMATION AS IT DEEMS APPROPRIATE FROM TIME TO TIME, SUCH AS GOALS AND ACCOMPLISHMENTS, LENGTH OF SERVICE AND PRIOR SALARY HISTORY. IF ANY SENIOR OFFICIAL'S COMPENSATION IS ABOVE MARKET DATA, THE COMMITTEE CONSIDERS ALL RELEVANT FACTORS AND, IF IT APPROVES THE COMPENSATION, EXPLAINS ITS RATIONALE AND INCLUDES ITS EXPLANATION IN THE MINUTES. THE COMMITTEE KEEPS MINUTES OF ALL FINAL ACTIONS AT EACH MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS (CHARTER AND MISSION STATEMENT) ARE AVAILABLE ON THE BOARD OF TRUSTEE'S WEBSITE AT: HTTP://TRUSTEES.GWU.EDU/DOCS.CFM. THE FACULTY AND NON-FACULTY CONFLICT OF INTEREST POLICIES ARE AVAILABLE FROM THE UNIVERSITY'S POLICIES WEBSITE AT: WWW.POLICY.GWU.EDU. THE FINANCIAL STATEMENTS ARE AVAILABLE IN THE ANNUAL REPORT, WHICH IS POSTED ON THE COMPTROLLER'S OFFICE'S WEBSITE AT: HTTP://FINANCEOFFICE.GWU.EDU/ANNUAL_REPORTS.HTML. FORM 990, PART VI, SECTION B, LINE 13: THE UNIVERSITY'S NON-RETALIATION POLICY AND THE TOLL FREE, 24 HOUR COMPLIANCE HELP AND REFERRAL PROGRAM HAS BEEN IN EFFECT SINCE MARCH 22, 2006 AND 2002, RESPECTIVELY. THIS POLICY WAS REVIEWED AND APPROVED BY THE EXECUTIVE VICE PRESIDENT AND TREASURER AND SENIOR VP AND GENERAL COUNSEL PRIOR TO IMPLEMENTATION. THE NON-RETALIATION POLICY AND COMPLIANCE PROGRAM ACTIVITY IS REPORTED ANNUALLY TO THE FINANCE AND AUDIT COMMITTEE. THE NON-RETALIATION POLICY WAS REVIEWED AND APPROVED BY THE FINANCE AND AUDIT COMMITTEE ON MARCH 29, 2012. FORM 990, PART VI, SECTION B, LINE 14: THE UNIVERSITY'S RECORDS MANAGEMENT POLICY ORIGINATED IN APRIL 2004 AND HAS BEEN PERIODICALLY REVIEWED AND AMENDED SINCE THEN. THIS POLICY WAS REVIEWED AND APPROVED BY THE EXECUTIVE VICE PRESIDENT AND TREASURER AND SENIOR VP AND GENERAL COUNSEL PRIOR TO IMPLEMENTATION. THE POLICY EXPLAINS THE UNIVERSITY'S REQUIREMENTS FOR MANAGING ITS RECORDS IN A SYSTEMATIC AND LOGICAL MANNER AND REQUIRES INDIVIDUAL DEPARTMENTS TO DEVELOP AND IMPLEMENT PLANS FOR MAINTAINING THOSE RECORDS CONSISTENT WITH APPLICABLE LAWS, INCLUDING, THE STORAGE OF CONFIDENTIAL INFORMATION, THE PROPER TREATMENT OF ELECTRONICALLY STORED INFORMATION, PRESERVATION OF DOCUMENTS DURING LITIGATION, AND THE APPROPRIATE WAYS TO DESTROY OR DISPOSE OF DOCUMENTS THAT HAVE REACHED THE END OF THEIR RETENTION PERIOD. THE RECORDS MANAGEMENT POLICY WAS REVIEWED AND APPROVED BY THE FINANCE AND AUDIT COMMITTEE ON MARCH 29, 2012. FORM 990, PART VI, SECTION B, LINE 16B: THE UNIVERSITY'S JOINT VENTURE POLICY ORIGINATED IN JUNE 2009. THIS POLICY WAS REVIEWED AND APPROVED BY THE EXECUTIVE VICE PRESIDENT AND TREASURER AND SENIOR VP AND GENERAL COUNSEL PRIOR TO IMPLEMENTATION. THIS POLICY STATES THAT THE UNIVERSITY IS COMMITTED TO ENSURING THAT ITS BUSINESS ARRANGEMENTS WITH FOR-PROFIT ENTITIES ARE CONSISTENT WITH THE UNIVERSITY MISSION AND CALLS FOR REVIEW AND APPROVAL PROCEDURES PRIOR TO COMMENCING A NEW ARRANGEMENT IN ORDER TO PROTECT THE UNIVERSITY'S TAX EXEMPT STATUS. THE JOINT VENTURE POLICY WAS REVIEWED AND APPROVED BY THE FINANCE AND AUDIT COMMITTEE ON MARCH 29, 2012. FORM 990, PART VII ADDITIONAL TRUSTEE INFORMATION: ALL TRUSTEES SERVE WITHOUT COMPENSATION. NO TRUSTEE DEVOTES FULL TIME TO THIS POSITION. THE AVERAGE NUMBER OF HOURS EACH TRUSTEE DEVOTES TO HIS/HER POSITION ON THE BOARD OF TRUSTEES DEPENDS UPON THE TRUSTEE'S LEADERSHIP ON THE BOARD AND COMMITTEES. THREE BOARD MEETINGS AND ONE RETREAT WERE HELD DURING THE FISCAL YEAR. EACH TRUSTEE SERVES ON AT LEAST ONE COMMITTEE. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B: DONALD LEHMAN (THROUGH OCTOBER 2010) AND STEVEN LERMAN (FROM OCTOBER 2010) DEVOTED AN AVERAGE OF .5 HOURS PER WEEK TO MOUNT VERNON COLLEGE. MOUNT VERNON COLLEGE IS A RELATED ORGANIZATION TO GW. LOUIS H. KATZ DEVOTED AN AVERAGE OF .5 HOURS PER WEEK TO THE WASHINGTON RESEARCH LIBRARY CONSORTIUM (WRLC). WRLC IS A RELATED ORGANIZATION TO GW. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 169,120,671. DONATED SERVICES AND USE OF FACILITIES: 348,100. CHANGE IN VALUE OF CHARITABLE TRUSTS 4,427,371. ADJUSTMENT FOR SUBSIDIARY ACTIVITY 4,261. POST RETIREMENT RELATED CHARGES FAS 158 7,775,000. TOTAL TO FORM 990, PART XI, LINE 5: 181,675,403. FORM 990, PARTS I & III, LN 1, DESCRIPTION OF ORGANIZATION'S MISSION: THE GEORGE WASHINGTON UNIVERSITY, AN INDEPENDENT ACADEMIC INSTITUTION CHARTERED BY THE CONGRESS OF THE UNITED STATES IN 1821, DEDICATES ITSELF TO FURTHERING HUMAN WELL-BEING. THE UNIVERSITY VALUES A DYNAMIC, STUDENT-FOCUSED COMMUNITY STIMULATED BY CULTURAL AND INTELLECTUAL DIVERSITY AND BUILT UPON A FOUNDATION OF INTEGRITY, CREATIVITY, AND OPENNESS TO THE EXPLORATION OF NEW IDEAS. THE GEORGE WASHINGTON UNIVERSITY, CENTERED IN THE NATIONAL AND INTERNATIONAL CROSSROADS OF WASHINGTON, D.C., COMMITS ITSELF TO EXCELLENCE IN THE CREATION, DISSEMINATION, AND APPLICATION OF KNOWLEDGE. TO PROMOTE THE PROCESS OF LIFELONG LEARNING FROM BOTH GLOBAL AND INTEGRATIVE PERSPECTIVES, THE UNIVERSITY PROVIDES A STIMULATING INTELLECTUAL ENVIRONMENT FOR ITS DIVERSE STUDENTS AND FACULTY. BY FOSTERING EXCELLENCE IN TEACHING, THE UNIVERSITY OFFERS OUTSTANDING LEARNING EXPERIENCES FOR FULL-TIME AND PART-TIME STUDENTS IN UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS IN WASHINGTON, D.C., THE NATION, AND ABROAD. AS A CENTER FOR INTELLECTUAL INQUIRY AND RESEARCH, THE UNIVERSITY EMPHASIZES THE LINKAGE BETWEEN BASIC AND APPLIED SCHOLARSHIP, INSISTING THAT THE PRACTICAL BE GROUNDED IN KNOWLEDGE AND THEORY. THE UNIVERSITY ACTS AS A CATALYST FOR CREATIVITY IN THE ARTS, THE SCIENCES, AND THE PROFESSIONS BY ENCOURAGING INTERACTION AMONG ITS STUDENTS, FACULTY, STAFF, ALUMNI, AND THE COMMUNITIES IT SERVES. THE GEORGE WASHINGTON UNIVERSITY DRAWS UPON THE RICH ARRAY OF RESOURCES FROM THE NATIONAL CAPITAL AREA TO ENHANCE ITS EDUCATIONAL ENDEAVORS. IN RETURN, THE UNIVERSITY, THROUGH ITS STUDENTS, FACULTY, STAFF, AND ALUMNI, CONTRIBUTES TALENT AND KNOWLEDGE TO IMPROVE THE QUALITY OF LIFE IN METROPOLITAN WASHINGTON, D.C. FORM 990, PART IX, LINE 14: INFORMATION TECHNOLOGY EXPENSE INCLUDES HARDWARE, SOFTWARE, AND MAINTENANCE COSTS. FORM 990, PART IX, LINE 24E: IN FY08, THE UNIVERSITY ADOPTED THE OPTIONAL METHOD DESCRIBED IN THE IRS FORM INSTRUCTIONS FOR REPORTING INDIRECT EXPENSES RECORDED IN VARIOUS COST CENTERS AS A SEPARATE LINE ITEM (LINE 24E). INDIRECT EXPENSES INCLUDE, BUT ARE NOT LIMITED TO, FACILITIES OVERHEAD, POSTAGE, TELEPHONE, PRINT AND ADVERTISING SERVICES PERFORMED BY INTERNAL DEPARTMENTS. THE RECLASSIFICATION OF INDIRECT EXPENSES TO A SEPARATE LINE PRESERVES THE OBJECT CLASSIFICATION OF EACH INDIVIDUAL EXPENSE SO THAT ONLY COSTS PAID TO THIRD PARTIES FOR GOODS AND SERVICES ARE REPORTED. 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