2012-05-11T08:55:36-04:00 2011-06-30 PRICEWATERHOUSECOOPERS LLP 300 MADISON AVENUE NEW YORK NY 10017 990 2010-07-01 135562314 PACE UNIVERSITY PACE 9149232600 ONE PACE PLAZA CONTROLLERS OFFICE NEW YORK NY 100381598 TOBY R WINER 9149232883 2012-05-11 true 6464713000 2010 2016-02-24 21:20:13Z STEPHEN J FRIEDMAN ONE PACE PLAZA NEW YORK NY 100381598 446037201 false X WWW.PACE.EDU X 1906 NY PACE UNIVERSITY CONSIDERS TEACHING AND LEARNING ITS PRIORITY. PACE IS COMMITTED TO THE NEEDS OF ITS QUALIFIED & DIVERSE STUDENT POPULATION. DIVERSE PROGRAMS ARE OFFERED AT THE GRADUATE AND UNDERGRADUATE LEVELS. 31 25 5099 115 5389 -20776 15662199 16111721 363755613 388785824 2598160 6386781 3160652 3114033 385176624 414398359 114576505 112550227 0 0 182346219 177806618 667312 261563 3647910 108769752 112252477 406359788 402870885 -21183164 11527474 432936055 451061521 303119037 294577359 129817018 156484162 X Pace University educates students to be "thinking professionals", highly sought after as innovators and successful leaders who positively impact twenty-first century society. false false 110817312 0 332503736 INSTRUCTIONAL - TO PROVIDE PERSONNEL, SUPPLIES, EQUIPMENT AND OTHER MATERIALS FOR THE INSTRUCTION OF FULL AND PART-TIME GRADUATE AND UNDERGRADUATE STUDENTS. 112550227 112550227 4696959 SCHOLARSHIPS - TO PROVIDE STUDENTS WITH ACADEMIC AND/OR NEED-BASED TUITION ASSISTANCE. 45339931 0 43083572 AUXILIARIES - TO MEET NON-INSTRUCTIONAL NEEDS OF STUDENTS SUCH AS DORMS AND CAFETERIA SERVICES. 41805109 0 3703588 ACADEMIC 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0 Harold O Levy 1.0 X 0 0 0 Suresh Munshani 1.0 X 0 0 0 Edward F Murphy 1.0 X 0 0 0 John T O'Connor Esq 1.0 X 0 0 0 Michael O'Reilly 1.0 X 0 0 0 David J Pecker 1.0 X 0 0 0 Barbara Ann Porceddu 1.0 X 0 0 0 Maria Fiorini Ramirez 1.0 X 0 0 0 Carol Raphael 1.0 X 0 0 0 Jack J Ribeiro 1.0 X 0 0 0 Robert A Rivero 1.0 X 0 0 0 Joseph F Ryan 1.0 X 167982 0 24975 Jack L Salzman 1.0 X 0 0 0 Ivan G Seidenberg 1.0 X 0 0 0 Marie J Toulantis 1.0 X 0 0 0 Hal J Upbin 1.0 X 0 0 0 Grant M Wilson 1.0 X 0 0 0 Richard F Zannino 1.0 X 0 0 0 Stephen J Friedman 40.0 X X 463791 0 38728 Thomas J Quinlan III 1.0 X 0 0 0 Geoffrey L Brackett 40.0 X 186054 0 28706 Stephen Brodsky 40.0 X 192413 0 42511 Robert Keating 40.0 X 199258 0 10651 William McGrath 40.0 X 284483 0 26885 Christine M Meola 40.0 X 277343 0 41813 Karen F Robilotta 40.0 X 173869 0 39277 Robina C Schepp 40.0 X 197213 0 21590 Toby R Winer 40.0 X 300381 0 25214 Harriet R Feldman 40.0 X 268169 0 43583 Robert C Almon 40.0 X 226645 0 2078 STEPHEN A GRAHAM 40.0 X 166534 0 38423 GANESAN RAVISHANKER 40.0 X 207003 0 20167 THOMAS P TORELLO 40.0 X 171065 0 23959 Elizabeth Garti 40.0 X 79808 0 34789 Matteo Renna 40.0 X 60012 0 11813 Thomas A Hull 40.0 X 0 0 0 Nira Herrmann 40.0 X 234634 0 25032 Constance A Knapp 40.0 X 177521 0 22846 Michelle S Simon 40.0 X 332394 0 34428 Neal S Braun 40.0 X 157661 0 13438 Steven H Goldberg 40.0 X 224759 0 48465 John R Nolon 40.0 X 297212 0 41154 John A Humbach 40.0 X 234777 0 34980 Michael Szenberg 40.0 X 241504 0 27919 SAMIR EL-GAZZAR 40.0 X 224881 0 31664 Rick N Whitfield X 416773 0 19519 David A Caputo X 223362 0 31702 Joseph C Morreale X 212769 0 42155 Joseph R Baczko X 227956 0 11971 6828226 0 860435 305 true true false ABM Janitorial Svcs Northeast Inc 551 Fifth Avenue Suite 300 NEW YORK NY 10176 CLEANING SERVICES 7003580 LACKMANN FOOD SERVICE INC 303 CROSSWAYS PARK DRIVE WOODBURY NY 11797 FOOD SERVICES 8744587 WINFIELD SECURITY CORP 57 WEST 38TH STREET 5TH FLOOR NEW YORK NY 10018 SECURITY SERVICES 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false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 51 false false true 10305 false true 5195 15551 false LOBBYING ACTIVITIES SCHEDULE C, PART II-B LOBBYING IS NOT A SUBSTANTIAL PART OF PACE UNIVERSITY'S OVERALL BUDGET. PACE ENGAGES IN INSUBSTANTIAL LEGISLATIVE ADVOCACY AT THE FEDERAL LEVEL AND MODEST ACTIVITY AT THE NEW YORK STATE AND NEW YORK CITY LEVELS. THE UNIVERSITY'S LOBBYISTS OCCASIONALLY ADVOCATE FOR APPROPRIATIONS FOR PROGRAMS OF IMPORTANCE TO THE UNIVERSITY. PACE UNIVERSITY RECEIVES FUNDING FOR STUDENT AID FROM THE STATE OF NEW YORK AND THE FEDERAL GOVERNMENT. THE AMOUNT AND CONTINUATION OF THESE FUNDS ARE NOT GUARANTEED. THE MAJORITY OF THE UNIVERSITY'S EFFORTS ARE RELATED TO ACTIVITIES SUPPORTING STUDENT AID. THE UNIVERSITY HAS CONDUCTED MINIMAL LOBBYING ACTIVITIES RELATED TO HIGHER EDUCATION ISSUES, ISSUES THAT EFFECT PACE'S DAY TO DAY OPERATIONS, AND OTHER ISSUES RELATED TO OUR ORGANIZATIONAL MISSION. THE UNIVERSITY ALSO ENGAGES IN LEGISLATIVE ADVOCACY RELATING TO DOMESTIC RELATIONS ISSUES (IN CONNECTION WITH PACE'S WOMEN'S JUSTICE CENTER) AND ENVIRONMENTAL ISSUES(IN CONNECTION WITH PACE'S LAND USE LAW CENTER). OTHER LOBBYING ACTIVITIES SCHEDULE C, PART II-B, QUESTION 1(I) UNIVERSITY STUDENTS PARTICIPATE IN ANNUAL LOBBY DAY ACTIVITIES ORGANIZED BY CICU (COMISSION FOR INDEPENDENT COLLEGES AND UNIVERSITIES) AND BY NYSNA (THE NEW YORK STATE NURSING ASSOCIATION), DURING WHICH THE STUDENTS, ACCOMPANIED BY OUR REGISTERED LOBBYISTS, MEET WITH ELECTED OFFICIALS TO DISCUSS THE IMPORTANCE OF STATE FINANCIAL AID AND OTHER ISSUES. 0 0 0 0 X false 102527976 3441952 20903392 1502690 1261743 0 124108887 92989794 3605979 8484805 1141470 1411132 0 102527976 118836147 3855278 -27283860 1311619 1106152 0 92989794 0.07000 0.54000 0.39000 false false 12659093 12659093 295981611 86616132 209365479 20944953 10065798 10879155 74437520 50218729 24218791 1011570 0 1011570 258134088 0 DEFERRED RENTAL REVENUE 8497770 ACCRUED POSTRETIRE. BEN. OBLG. 76147276 ASSET RETIREMENT OBLIGATION 3360833 FAIR VALUE OF DERIVATIVE INSTR 6738724 94744603 414398359 402870885 11527474 15065933 73737 15139670 26667144 319427346 15065933 353625 2581557 18001115 301426231 421901 112550227 112972128 414398359 292760202 353625 2507820 2861445 289898757 421901 112550227 112972128 402870885 Collections of Art SCHEDULE D, PART III, QUESTIONS 1A AND 4 PACE UNIVERSITY HAS SEVERAL ART GALLERIES BETWEEN ITS PLEASANTVILLE AND NEW YORK CITY CAMPUSES THAT SERVE THE GENERAL STUDENT POPULATION WITH COURSES AND EXHIBITIONS. DONATED ARTWORK INCLUDES PHOTOGRAPHS, PAINTINGS AND SCULPTURES AND IS DISPLAYED ON VARIOUS INTERIOR AND EXTERIOR CAMPUS LOCATIONS AND IN SPECIAL EXHIBITIONS DESIGNED TO PROVIDE VISUAL LITERACY AS PART OF THE UNIVERSITY LEARNING EXPERIENCE. AS THE VALUE OF SUCH COLLECTIONS IS NOT MATERIAL TO THE UNIVERSITY AS A WHOLE, THE FOOTNOTES TO THE FINANCIAL STATEMENTS DO NOT INCLUDE RELATED TEXT. INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, QUESTION 4 The University's endowment consists of approximately 370 individual funds established for a variety of purposes, including support of scholarships, academic programs, academic chairs, student activities, research, institutional support and capital projects. Our endowment includes both donor restricted endowment funds and funds designated by the Board of Trustees to function as endowments (quasi endowments). The University's investments are managed to achieve the maximum prudent long term total return. The University's board of trustees has authorized a policy designed to preserve the value of these investments in real terms (after inflation) and provide a predictable flow of funds to support operations. FEDERAL INCOME TAX SCHEDULE D, PART X, LINE 2 At June 30, 2011 and 2010, the University had no liabilities recorded for uncertain tax positions. OTHER AMOUNTS INCLUDED IN BOOKS BUT NOT IN RETURN SCHEDULE D, PART XII, LINE 2D DESCRIPTION AMOUNT RENT EXPENSE $1,974,206 SPECIAL EVENTS EXPENSE $ 533,614 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS $ 73,737 OTHER AMOUNTS INCLUDED IN RETURN BUT NOT IN BOOKS SCHEDULE D, PART XII, LINE 4B DESCRIPTION AMOUNT SCHOLARSHIPS $112,550,227 OTHER EXPENSES INCLUDED IN BOOKS BUT NOT IN RETURN SCHEDULE D, PART XIII, LINE 2D DESCRIPTION AMOUNT RENT EXPENSE $1,974,206 SPECIAL EVENTS EXPENSE $ 533,614 OTHER EXPENSES INCLUDED IN RETURN BUT NOT IN BOOKS SCHEDULE D, PART XII, LINE 4B DESCRIPTION AMOUNT SCHOLARSHIPS $112,550,227 RECONCILIATION OF CHANGE IN NET ASSETS - FORM 990 TO AUDITED FINANCIALS SCHEDULE D, PART XI, LINE 8 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS $73,737 true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY - STUDENTS' SOLICITATION MATERIALS SCHEDULE E, PART I, QUESTION 3 The Enrollment Marketing team and the University's Relations Marketing team know of the requirement and ensure that this language appears in all promotional materials. FINANCIAL AID FROM GOVERNMENTAL AGENCIES SCHEDULE E, PART I, QUESTION 6A The University participates in student financial aid programs through the U.S. Department of Education (Pell Grant Program, Perkins Loan Program, Direct Loan Program, Supplemental Education Opportunity Grant Program, Federal Work Study Program, as well as other smaller programs) and U.S. Department of Health and Human Services (Nursing Student Loan Program and Scholarships for Disadvantaged Students). Europe (Including Iceland and Greenland) 0 7 Program Services TRAVEL COURSES 273527 South America 0 1 Program Services TRAVEL COURSES 65922 Europe (Including Iceland and Greenland) 0 2 Program Services STUDENT RECRUITMENT 45181 East Asia and the Pacific 0 23 Program Services STUDENT RECRUITMENT 20755 North America 0 2 Program Services STUDENT RECRUITMENT 7980 Europe (Including Iceland and Greenland) 0 5 Program Services CONFERENCES,DUES&OTHER 20589 South America 0 1 Program Services CONFERENCES,DUES&OTHER 2500 0 41 0 41 436454 436454 true false true true false false X X X X X X X true HarrisConnect TELEFUNDRAISING ANNUA Telefundra- ising false 303137 127455 175682 HOSPITALITY RESOURCE GROUP SPECIAL STRATEGY & EXECUTION true 111000 20000 91000 BUCKLEY HALL SPECIAL EVENT FUNDRAIS STRATEGY & EXECUTION true 604835 100000 504835 ARLEEN JOHNSON ANJ ENTERPR SPECIA STRATEGY & EXECUTION true 90324 13200 77124 1109296 260655 848641 NY LIM DINNER 571464 512404 59060 0 3459 0 72930 0 197372 LAW LEADERSHIP 157950 123625 34325 0 710 0 47104 0 37562 4 318348 211620 106728 0 15581 35175 32049 0 91672 1047762 847649 200113 0 19750 35175 152083 0 326606 533614 -333501 true SCHOLARSHIPS 8152 112550227 Tuition Reduction MONITORING USE OF GRANT FUNDS IN THE US SCHEDULE I, PART I, LINE 2 THE UNIVERSITY AWARDS FEDERAL AND STATE FINANCIAL AID FUNDS EACH YEAR BASED UPON A STUDENT'S FINANCIAL NEED. ADDITIONALLY, THE UNIVERSITY PROVIDES INSTITUTIONAL AID VIA UNIVERSITY GRANTS ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEED, AND OTHER STANDARDS. The Office of Financial Aid verifies the academic performance and the income data provided on the Free Application for Federal Student Aid (FAFSA) of each student to determine the amount of aid awarded, as needed. THE UNIVERSITY ALSO OFFERS SCHOLARSHIPS FUNDED THROUGH SPECIAL ENDOWMENTS AND DONATIONS, WHICH ARE AWARDED BASED ON SIMILAR STANDARDS AS WELL AS DONOR'S CRITERIA. THE OFFICES OF FINANCIAL AID AND FINANCE CONTINUOUSLY MONITOR STUDENT ELIGIBILITY FOR THESE AWARDS. X X X false true X X X X X X true false false false false false false true false Joseph F Ryan 167586 0 0 0 396 0 13565 0 11410 0 192957 0 0 0 Geoffrey L Brackett 177227 0 0 0 8827 0 14292 0 14414 0 214760 0 0 0 Stephen Brodsky 192413 0 0 0 0 0 23920 0 18591 0 234924 0 0 0 Stephen J Friedman 384284 0 75000 0 4507 0 22050 0 16678 0 502519 0 0 0 Robert Keating 194740 0 0 0 4518 0 5250 0 5401 0 209909 0 0 0 William McGrath 231181 0 35000 0 18302 0 21019 0 5866 0 311368 0 0 0 Christine M Meola 267247 0 10000 0 96 0 22050 0 19763 0 319156 0 0 0 Karen F Robilotta 170660 0 0 0 3209 0 16002 0 23275 0 213146 0 0 0 Robina C Schepp 197069 0 0 0 144 0 17775 0 3815 0 218803 0 0 0 Rick N Whitfield 149772 0 0 0 267001 0 9188 0 10331 0 436292 0 0 0 Toby R Winer 298961 0 0 0 1420 0 21723 0 3491 0 325595 0 0 0 Joseph R Baczko 168563 0 0 0 59393 0 0 0 11971 0 239927 0 0 0 Harriet R Feldman 267401 0 0 0 768 0 22404 0 21179 0 311752 0 0 0 Nira Herrmann 233488 0 0 0 1146 0 20897 0 4135 0 259666 0 0 0 Constance A Knapp 177125 0 0 0 396 0 12896 0 9950 0 200367 0 0 0 Michelle S Simon 331500 0 0 0 894 0 29400 0 5028 0 366822 0 0 0 Steven H Goldberg 223991 0 0 0 768 0 26724 0 21741 0 273224 0 0 0 John R Nolon 296444 0 0 0 768 0 29400 0 11754 0 338366 0 0 0 John A Humbach 234009 0 0 0 768 0 23998 0 10982 0 269757 0 0 0 Michael Szenberg 239518 0 0 0 1986 0 24943 0 2976 0 269423 0 0 0 David A Caputo 222160 0 0 0 1202 0 17084 0 14618 0 255064 0 0 0 Joseph C Morreale 212356 0 0 0 413 0 23378 0 18777 0 254924 0 0 0 Robert C Almon 226042 0 0 0 603 0 0 0 2078 0 228723 0 0 0 STEPHEN A GRAHAM 166492 0 0 0 42 0 15629 0 22794 0 204957 0 0 0 GANESAN RAVISHANKER 195465 0 10000 0 1538 0 17598 0 2569 0 227170 0 0 0 THOMAS P TORELLO 171012 0 0 0 53 0 0 0 23959 0 195024 0 0 0 SAMIR EL-GAZZAR 221086 0 0 0 3795 0 20487 0 11177 0 256545 0 0 0 Neal S Braun 157540 0 0 0 121 0 0 0 13438 0 171099 0 0 0 Trustee Joseph F. Ryan PART VII AND SCHEDULE J COMPENSATION TO TRUSTEE JOSEPH F. RYAN IS BASED UPON THE FACULTY POSITION HE HELD AT PACE UNIVERSITY DURING HIS TERM AS UNIVERSITY TRUSTEE AND IS NOT RELATED TO HIS ROLE AS TRUSTEE. THE AVERAGE HOURS PER WEEK DISCLOSED IS FOR HIS ROLE AS TRUSTEE. DAVID A. CAPUTO, FORMER PRESIDENT PART VII AND SCHEDULE J Dr. Caputo retired from his position as University's President effective June 3, 2007. The amounts disclosed represent Dr. Caputo's regular compensation during Calendar 2010 as full time faculty. JOSEPH C. MORREALE, FORMER PROVOST AND EVP OF ACADEMIC AFFAIRS PART VII AND SCHEDULE J Dr. Morreale separated from his position as Provost and EVP of Academic Affairs effective January 15, 2007. The amounts disclosed represent Dr. Morreale's regular compensation during Calendar 2010 as full time faculty. THOMAS A. HULL, Vice President INFORMATION TECHNOLOGY SERVICES AND CIO PART VII AND SCHEDULE J Hired as University's Vice President INFORMATION TECHNOLOGY SERVICES AND CIO effective JUNE 27, 2011. Therefore the schedule does not reflect any compensation for Mr. HULL. Rick N. Whitfield,Executive Vice President Finance and Planning and CFO PART VII AND SCHEDULE J Separated from his position as University's Executive Vice President Finance and Planning and CFO effective May 31, 2010.IN ADDITION TO DR. WHITFIELD'S REGULAR COMPENSATION DURING CALENDAR 2010, COMPENSATION INCLUDES A SEVERANCE PAYMENT OF $264,509. HOUSING ALLOWANCE, SOCIAL CLUB DUES AND CHAUFFEUR SERVICES SCHEDULE J, PART I, LINE 1B Housing allowances are provided to officers in accordance with individual employment contracts and are treated as taxable compensation to the respective officer. Chauffeur services are provided per employment contracts for University business; any personal travel expenses are treated as taxable compensation to the respective officer. Social club dues are paid in accordance with individual employment contracts or business considerations. NON-FIXED PAYMENTS SCHEDULE J, PART I, LINE 7 Certain officers earned non-fixed payments either based on successful completion of individual/divisional/university wide strategic and operational goals or based on taking on additional responsibilities or roles. DORMITORY AUTHORITY OF THE STATE OF NY (DASNY) 146000293 64983QFF1 2005-06-01 73975000 REPAYMENT DASNY SERIES 1997&2000 false false false 1200000 0 74494928 4046926 0 0 891582 2229000 561859 0 66765561 0 2005 false true 0.00000 0.00000 0.00000 false true true MERRILL LYNCH 24.1 false false false true false BOND PROCEEDS AND CURRENT VALUES Schedule K, Part II AT JUNE 30, 2011 THE OUTSTANDING BONDS BALANCE, RESERVE FUNDS AND SINKING FUND AMOUNTED TO $72,775,000, $3,548,987, AND $1,173,339, RESPECTIVELY. THE AMOUNT IN LINE 3 REPRESENTS THE ORIGINAL ISSUANCE OF $73,975,000 AND ACCUMULATED INVESTMENT EARNINGS THROUGH JUNE 30, 2011 OF $519,928. THE AMOUNT IN LINE 7 REPRESENTS COSTS OF ISSUANCE SUBJECT TO THE TWO PERCENT LIMIT OF CODE SECTION 147(G). TERM OF HEDGE SCHEDULE K, PART IV, LINE 3C TERM OF HEDGE DISCLOSED IN LINE 3C REPRESENTS ORIGINAL TERM. TERM OF HEDGE AT JUNE 30, 2011 IS 18.1 YEARS. MARK SCHEPPPACE GOVT'COMMUNITY AF SON OF PACE OFFICER 36143 COMPENSATION, FULL TIME STAFF false PHILIP BLESER OFFICER JP MORGAN C TRUSTEE 96489 BANK AND OTHER FEES false IVAN G SEIDENBERG CHAIRMAN VERIZ TRUSTEE 664487 TELECOMMUNICATION SERVICES false Barry MGossin CEO NEWMARK REAL E TRUSTEE 112943 REAL ESTATE SERVICES false THOMAS JQUINLAN III CEORR DONN TRUSTEE 315003 PRINTING SERVICES false X 5 1 MEMO ENTRY X 4126 RETAIL VALUE X 19 127183 QUOTED PRICES X VARIOUS ITEMS FOR AUCTION AT FUNDRAISING EVENTS 21 6764 RETAIL VALUE X OFFICE SUPPLIES 1 3896 RETAIL VALUE X COMPUTER HARDWARE 20 53151 RETAIL VALUE X OTHER 1 3555 RETAIL VALUE 1 false true true SELLING DONATED SECURITIES SCHEDULE M, LINE 32A The organization used a stockbroker to resell donated securities. Form 990 Review Process Core Form, Part VI, Section B, Line 11A The Form 990 is prepared by the University's Controller. It is reviewed by the University's President, Chief Financial Officer, Senior Vice President for Finance, and in-house legal counsel. A review is also performed by the University's outside tax advisors. The draft Form 990 is then presented to the Audit Committee of the Board of Trustees for approval, followed by distribution of the final copy of the Form 990 to all members of the Board of Trustees before it is filed. COMPLIANCE WITH CONFLICT OF INTEREST POLICY CORE FORM, PART VI, SECTION B, LINE 12(C) Annual officer and key employee disclosure forms are reviewed by the Vice President of Human Resources and University Counsel. Potential officer and key employee conflicts are vetted with supervisors in consultation with the Vice President of Human Resources and University Counsel. Annual trustee disclosure forms are reviewed by University Counsel, who prepares a spreadsheet listing trustee conflicts for the board's committee on trustees. This list is used as a guide to ensure that conflicted trustees are recused from discussions and votes when appropriate. PROCESS FOR DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES CORE FORM, PART VI, SECTION B, LINE 15 Each year, the Chair of the Board of Trustees asks the Human Resources department of the University to collect comparative presidential compensation data from the College and University Professional Association for Human Resources (CUPA-HR), as well as published 990 data from such sources as the Chronicle of Higher Education, to use in setting the annual compensation of the President of the University for the upcoming year. With respect to other University officers, each year prior comparability data from our peer institutions (12 doctoral class institutions of similar size, scope and organizational complexity, locally and nationally) is collected and summarized for review by the President. This data, which is obtained via survey, and, in some cases, via outside independent consultant, is used by the President, to propose compensation adjustments to the independent Compensation Committee of the Board of Trustees. The University's President does not take part in Board votes relating to matters involving his compensation, benefits and other terms and conditions of his employment, or participate in or attend Board discussions relating thereto, except he may provide information or respond to questions when requested to do so by the Compensation Committee. The University further has a robust performance evaluation process in place, the results of which are considered during the compensation determination process. The competitive data is also used in determining compensation offers for new hires at the executive level. Once this data is collected and presented for approval by the Compensation Committee and the Board of Trustees, documentation of the decisions and the discussions surrounding those decisions are written by the Special Assistant to the Board of Trustees and filed with the University Archivist, along with the minutes of the meetings for documentation and historical record. FINANCIAL ACCOUNTS IN A FOREIGN COUNTRY CORE FORM, PART V, LINE 4 The University's financial holdings in a foreign country were limited to equity interests in comingled investment vehicles. Accordingly, the University was not required to file Form TD F 90-22.1 Report of Foreign Bank and Financial Accounts. AVAILABILITY OF GOVERNING AND OTHER DOCUMENTS TO THE PUBLIC CORE FORM, PART VI, SECTION C, LINE 19 The University's financial statements and conflict of interest policy are posted on its website. Form 990 and 990-T are available upon request. The University's governing documents are not available to the public. OTHER PROGRAM SERVICE ACTIVITIES CORE FORM, PART III, LINE 4D BELOW IS A DESCRIPTION OF OTHER SIGNIFICANT PROGRAM SERVICE ACTIVITIES: ACADEMIC SUPPORT - TO PROVIDE FACILITIES AND PERSONNEL TO SUPPORT INSTRUCTIONAL STAFF IN THE EDUCATIONAL EFFORT (I.E. LIBRARIES, ACADEMIC COMPUTER CENTERS, AUDIO VISUAL AIDES, ETC). STUDENT SERVICES - TO MEET NON-INSTRUCTIONAL NEEDS OF STUDENTS SUCH AS ADMISSIONS, REGISTRATION, COUNSELING, CAREER PLANNING, SOCIAL AND CULTURAL ACTIVITIES. Research - To support activities specifically organized to produce research, whether commissioned by an agency external to the University or separately budgeted by an organizational unit within the University. Whistleblower and document retention and destruction policies PART VI, SECTION B, LINES 13 AND 14 The University has written whistleblower and document retention and destruction policies in place. However, these policies have not been adopted by the Board of Trustees prior to June 30, 2011. OTHER CHANGES IN NET ASSETS PART XI, LINE 5 DESCRIPTION AMOUNT UNREALIZED GAINS ON INVESTMENTS $15,065,933 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS $ 73,737 CHANGES TO ORGANIZATIONAL DOCUMENTS CORE FORM, PART VI, LINE 4 ON SEPTEMBER 14, 2011 THE UNIVERSITY'S BOARD OF TRUSTEES APPROVED UPDATED BY-LAWS. THE UPDATES WERE MADE TO CLARIFY BOARD POLICIES FOR THE SELECTION AND CONTINUATION OF FACULTY MEMBERS TRUSTEES AND SELECTION OF FACULTY AND STAFF MEMBERS TO SERVE ON TRUSTEE COMMITTEES. SECOND CENTURY INNOVATIONS AND IDEAS 163 WILLIAM STREET 3RD FLOOR NEW YORK NY 10038 571191089 INCUBATOR NY 501(c)(3) 7 NA PACE ENVIRONMENTAL LITIGATION CLINIC 78 NORTH BROADWAY WHITE PLAINS NY 10603 133709483 EDUCATION NY 501(c)(3) 11(A) NA JOHN JAY LEGAL SERVICES INC 80 NORTH BROADWAY WHITE PLAINS NY 10603 133403308 EDUCATION NY 501(c)(3) 11(A) NA Charitable Remainder Unitrust (1) Trust Distributio NY NA T Unitrust (1) Trust Distributio NY NA T Pooled Life Income Fund (1) Trust Distributio NY NA T false false false false false false false false false false false false true true false false false false SECOND CENTURY INNOVATIONS AND IDEAS SHARE 0 PACE ENVIRONMENTAL LITIGATION CLINIC SHARE 0 JOHN JAY LEGAL SERVICES INC SHARE 0 Related Tax Exempt Organizations SCHEDULE R, PART V The disclosed related entities do not have separate facilities or employees. They operate out of Pace University facilities and managed by Pace University's employees. Second Century Innovations and Ideas Corporation ("SCI2") nurtures young firms and helps them survive and grow during the start up period when they are most vulnerable. SCI2 provides hands-on management assistance, access to financing and orchestrates exposure to critical business or technical support services. Pace Environmental Litigation Clinic educates law students and provide public interest legal service to not-for-profit organizations regarding environmental issues. John Jay Legal Services, Inc., provides training, supervision for law students engaged in representation of clients pursuant to Student Practice Order issued by Appellate Division, 2d Dept.