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        <NamePerson>LELE LEVAY ASHWORTH</NamePerson>
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      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>MCDONALD CLEANING SYSTEMS INC</BusinessNameLine1>
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          <AddressUS>
            <AddressLine1>PO BOX 5589</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
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        <DescriptionOfServices>CONTRACTED CLEANING SVC.</DescriptionOfServices>
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      <ContractorCompensation>
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            <State>MD</State>
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      <ContractorCompensation>
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            <State>IL</State>
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      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
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      <ContractorCompensation>
        <NameOfContractor>
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            <BusinessNameLine1>HARTFORD</BusinessNameLine1>
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            <City>HARTFORD</City>
            <State>CT</State>
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        </AddressOfContractor>
        <DescriptionOfServices>INSURANCE</DescriptionOfServices>
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      <NoncashContributions>67645</NoncashContributions>
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      <ProgramServiceRevenue>
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      <GrossRents>
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        <ExclusionAmount>528805</ExclusionAmount>
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      <TotalRevenue>
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        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
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      <GrantsToDomesticIndividuals>
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        <ProgramServices>4046424</ProgramServices>
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        <ProgramServices>702179</ProgramServices>
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      <PayrollTaxes>
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        <ProgramServices>870209</ProgramServices>
        <ManagementAndGeneral>321357</ManagementAndGeneral>
        <Fundraising>47817</Fundraising>
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      <FeesForServicesLegal>
        <Total>42073</Total>
        <ManagementAndGeneral>42073</ManagementAndGeneral>
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      <FeesForServicesAccounting>
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        <ManagementAndGeneral>55710</ManagementAndGeneral>
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        <ManagementAndGeneral>102033</ManagementAndGeneral>
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      <OfficeExpenses>
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        <ManagementAndGeneral>405217</ManagementAndGeneral>
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        <ManagementAndGeneral>62384</ManagementAndGeneral>
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      <Travel>
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        <ProgramServices>141458</ProgramServices>
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        <ManagementAndGeneral>-150077</ManagementAndGeneral>
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        <ProgramServices>2071018</ProgramServices>
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        <ProgramServices>11470</ProgramServices>
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        <Description>STAFF EDUCATION AND REC</Description>
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        <ManagementAndGeneral>72140</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>OTHER EXPENSES</Description>
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      <OtherExpenses>
        <Description>TUITION DISCOUNTS</Description>
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        <ProgramServices>359459</ProgramServices>
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      <OtherExpenses>
        <Description>AFTER SCHOOL PROGRAMS</Description>
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        <ProgramServices>223975</ProgramServices>
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      <OtherExpenses>
        <Description>PUBLIC RELATIONS</Description>
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        <ProgramServices>39071</ProgramServices>
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      <LandBuildingsEquipmentBasisNet>
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        <EOY>31000000</EOY>
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        <EOY>45081270</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
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        <EOY>55350981</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>92582878</BOY>
        <EOY>100432251</EOY>
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      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
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      <ReconcilationOtherChanges>4041004</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
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        </ContributorNameBusiness>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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        <EndOfYearBalance>6609805</EndOfYearBalance>
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      <CurrentYearMinus2Years>
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      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Land>
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        <BookValue>6281609</BookValue>
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        <BookValue>140292</BookValue>
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        <Description>HEDGE FUNDS</Description>
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        <MethodOfValuation>F</MethodOfValuation>
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        <Description>DEFERRED COMPENSATION PAYABLE</Description>
        <Amount>468063</Amount>
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      <OtherLiabilities>
        <Description>INTEREST RATE SWAP CONTRACT</Description>
        <Amount>2776425</Amount>
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      <ExpensesNotRptdOnFinStmt>4027405</ExpensesNotRptdOnFinStmt>
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      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:</Identifier>
        <ReturnReference>PART V, LINE 4:</ReturnReference>
        <Explanation>THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT AND TO REDUCE THE LIKELIHOOD OF REAL PRINCIPAL EROSION DUE TO PORTFOLIO VOLATILITY. STAFF $ 2,913,870 SCHOLARSHIPS 2,656,231 SPECIALLY DESIGNATED 970,321 HISTORIC AWARDS 69,383 TOTAL: $ 6,609,805</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE WOULD BE REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING BALANCE SHEET ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE STATEMENT OF ACTIVITIES. THE SCHOOL FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. AS OF JUNE 30, 2011, THERE WERE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>FINANCIAL AID 4,046,424. LOSS ON DISPOSAL OF EQUIPMENT -19,019.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XIII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>FINANCIAL AID 4,046,424. LOSS ON DISPOSAL OF EQUIPMENT -19,019.</Explanation>
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      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
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      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>0</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>ORGANIZATION PLACED AN ADVERTISEMENT IN THE WASHINGTON POST TO PUBLICIZE NONDISCRIMINATION POLICY.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
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        <TypeOfGrant>FINANCIAL AID</TypeOfGrant>
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        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
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        <ReturnReference>PART I, LINE 1A</ReturnReference>
        <Explanation>AS THE SCHOOL DOES NOT PROVIDE CAMPUS HOUSING, A HOUSING AND PERSONAL SERVICE ALLOWANCE IS PROVIDED TO THE HEAD OF SCHOOL. THE SCHOOL DOES NOT HAVE A CAFETERIA NOR FOOD SERVICE PROVIDER AND HAS TAKEN OUT DINING MEMBERSHIP (AT A NOMINAL COSTS) FOR THE HEAD OF SCHOOL AT THE GEORGETOWN CLUB FOR RECRUITING AND DEVELOPMENT PURPOSES. HOUSING ALLOWANCE IS TAXABLE COMPENSATION TO THE HEAD OF SCHOOL, WHILE HEALTH OR SOCIAL CLUB DUES AND PERSONAL SERVICES ARE NOT TAXABLE.</Explanation>
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        <CUSIPNumber>254839J61</CUSIPNumber>
        <DateIssued>2005-07-01</DateIssued>
        <IssuePrice>38000000</IssuePrice>
        <DescriptionOfPurpose>CONSTRUCTION OF HS/LOAN CONSOL.</DescriptionOfPurpose>
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        <CurrentRefunding>0</CurrentRefunding>
        <AdvanceRefunding>0</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
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        <AnyResearchAgreements>0</AnyResearchAgreements>
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          <BusinessNameLine1>SUNTRUST BANK</BusinessNameLine1>
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        <SuperintegratedHedge>0</SuperintegratedHedge>
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        <MethodOfDeterminingRevenues>SALE</MethodOfDeterminingRevenues>
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      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 6</Identifier>
        <Explanation>ARTICLE IV. MEMBERSHIP. SECTION 1. THIS CORPORATION SHALL BE A MEMBERSHIP CORPORATION AND SHALL HAVE ONLY ONE CLASS OF MEMBERS: THE PARENTS OR GUARDIANS OF STUDENTS REGISTERED IN THE SCHOOL. SECTION 2.THE PARENT OR GUARDIAN OF EACH STUDENT REGISTERED IN THE SCHOOL SHALL BE ENTITLED TO MEMBERSHIP WHEN A STUDENT IS FIRST REGISTERED, EXCEPT THAT ONLY ONE MEMBERSHIP MAY BE ISSUED TO ANY ONE FAMILY. IF THE PARENTS OF A CHILD ARE SEPARATED OR DIVORCED, THE MEMBERSHIP SHALL BE HELD BY THAT PARENT WHO ENROLLS THE CHILD IN THE SCHOOL EXCEPT WHEN THE PARENTS DECIDE OTHERWISE AND SO NOTIFY THE SCHOOL. WHEN ALL THE STUDENTS REGISTERED IN THE NAME OF A PARENT OR GUARDIAN ARE WITHDRAWN FROM THE SCHOOL, THE PARENT OR GUARDIAN SHALL CEASE TO HAVE MEMBERSHIP IN THE CORPORATION. SECTION 3. THE HOLDER OF EACH MEMBERSHIP SHALL BE ENTITLED TO ONE VOTE. NO MEMBER MAY VOTE MORE THAN ONCE ON ANY SPECIFIC VOTING ISSUE. SECTION 4. COMMUNICATION WITH THE MEMBERSHIP SHALL TAKE PLACE BY MAIL, EITHER ELECTRONIC OR POSTAL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 7A</Identifier>
        <Explanation>ARTICLE V. MEETINGS OF THE MEMBERSHIP. SECTION 1. THE REGULAR ANNUAL MEETING OF MEMBERS SHALL BE HELD IN THE SPRING, AT SUCH DAY, TIME AND PLACE AS SHALL BE DETERMINED BY THE BOARD OF TRUSTEES. SECTION 2. THE REGULAR ANNUAL MEETING SHALL BE FOR THE PURPOSE OF ELECTING TRUSTEES, PRESENTING THE BUDGET, CONSIDERING THE STATE OF THE SCHOOL AND TRANSACTING SUCH OTHER BUSINESS AS MAY COME BEFORE IT. SECTION 3. SPECIAL MEETINGS OF MEMBERS MAY BE CALLED BY THE PRESIDENT, BY A MAJORITY OF THE BOARD OF TRUSTEES, OR BY WRITTEN PETITION OF SEVENTY-FIVE (75) MEMBERS. THE SPECIAL MEETING SHALL BE HELD WITHIN THREE WEEKS AFTER THE PETITION IS PRESENTED. SECTION 4. WRITTEN NOTICE OF ALL MEMBERSHIP MEETINGS, WHETHER REGULAR OR SPECIAL, STATING THE TIME, PLACE AND PURPOSES THEREOF, INCLUDING A FULL AGENDA, SHALL BE MAILED OR DELIVERED BY THE BOARD TO EACH MEMBER OF THIS CORPORATION NO FEWER THAN TEN (10) BUSINESS DAYS BEFORE THE DATE OF THE MEETING, EXCEPT AS A DIFFERENT PERIOD OF NOTICE FOR ANY MEETING IS SPECIFIED ELSEWHERE IN THESE BY-LAWS. ANY MATTER OR ISSUE MAY BE PLACED ON THE AGENDA OF ANY REGULAR OR SPECIAL MEETING BY A WRITTEN PETITION OF FIFTEEN (15) MEMBERS DELIVERED TO THE PRESIDENT OF THE BOARD (C/O THE HEAD OF SCHOOL'S OFFICE) AT LEAST FIVE (5) BUSINESS DAYS BEFORE THE MEETING. UNLESS PLACED ON SUCH AGENDA, NO MATTER OR ISSUE MAY BE VOTED UPON AT THE MEETING. SECTION 5. THE PRESENCE OF ONE HUNDRED TWENTY-FIVE (125) MEMBERS ENTITLED TO VOTE AT ANY MEETING SHALL CONSTITUTE A QUORUM. MAIL PROXIES SHALL BE PERMITTED ON ANY SUBSTANTIVE MATTER OR ISSUE TO BE VOTED ON AT A MEETING. THESE PROXIES WILL BE COUNTED FOR THE PURPOSE OF DETERMINING WHETHER A QUORUM EXISTS AT THE MEETING. ANY MEMBER WHO HAS MAILED IN A PROXY MAY ATTEND THE MEETING, REVOKE THE PROXY, AND VOTE PERSONALLY AT THE MEETING. A MAJORITY OF THOSE VOTING IN PERSON OR BY PROXY SHALL DETERMINE THE OUTCOME OF ANY SUBSTANTIVE MATTER OR ISSUE VOTED ON AT A MEETING, EXCEPT THAT THE ELECTION OF TRUSTEES SHALL BE DETERMINED PURSUANT TO SECTION 8 OF THIS ARTICLE. SECTION 6. THE BOARD OF TRUSTEES MAY ELECT TO TAKE A VOTE BY MAIL BALLOT, REQUIRING ALL BALLOTS TO BE RECEIVED BY A DATE CERTAIN, IN LIEU OF SEEKING A VOTE AT A REGULAR OR SPECIAL MEETING OF THE CORPORATION. WHENEVER A QUORUM IS NOT ACHIEVED AT A REGULAR OR SPECIAL MEETING, PRECLUDING A VOTE ON AN AGENDA ITEM, THE BOARD OF TRUSTEES THEREAFTER MAY ADJOURN THE MEETING TO A NEW TIME OR CONDUCT A VOTE SOLELY BY MAIL BALLOT. IN THE CASE OF A MAIL BALLOT, THE REQUIREMENT FOR A QUORUM OF ONE HUNDRED TWENTY-FIVE (125) IS SATISFIED. A MAJORITY OF THOSE VOTING SHALL DETERMINE THE OUTCOME OF THE ISSUE VOTED ON. THIS PARAGRAPH IS INAPPLICABLE TO ELECTIONS FOR THE BOARD OF TRUSTEES COVERED IN SECTION 8 OF THIS ARTICLE. SECTION 7. EXCEPT INSOFAR AS THE BOARD OF TRUSTEES SHALL SPECIFY OTHERWISE, REGULAR AND SPECIAL MEETINGS OF THE MEMBERS SHALL BE CONDUCTED TO THE EXTENT PRACTICABLE IN ACCORDANCE WITH THE THEN CURRENT EDITION OF ROBERT'S RULES OF ORDER. SECTION 8. THE NOMINEES FOR THE TRUSTEE POSITIONS RECEIVING THE LARGEST NUMBER OF VOTES (WHETHER CAST IN PERSON OR BY MAIL PROXY IN ADVANCE OF THE MEETING) AT THE ANNUAL MEETING OR AT A SPECIAL MEETING SHALL BE ELECTED TRUSTEES FOR THOSE VACANCIES THAT EXIST. ELECTIONS SHALL BE BY SECRET BALLOT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 7B</Identifier>
        <Explanation>MEMBERS MUST APPROVE CHANGES IN BY-LAWS AND DEBT INCURRANCE OVER 10% OF BUDGET.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>THE AUDIT COMMITTEE MEETS WITH THE ACCOUNTANTS TO DISCUSS THE 990 FILING. THE AUDIT COMMITTEE REVIEWS THE FORM 990. A COPY OF THE COMPLETED FORM IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>EACH YEAR ALL BOARD MEMBERS AND SCHOOL ADMINISTRATION ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST STATEMENT. THESE FILES ARE MAINTAINED BY THE EXECUTIVE ASSISTANT TO THE HEAD OF THE SCHOOL. FACULTY AND STAFF ARE CONTRACTUALLY REQUIRED TO REPORT CONFLICTS OF INTEREST TO THE HEAD OF THE SCHOOL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE BOARD AND ITS COMMITTEES BENCHMARKS THE HEAD OF SCHOOL'S COMPENSATION WITH OTHER SCHOOLS USING SURVEY DATA. THE INITIAL COMPENSATION OF ADMINISTRATIVE STAFF IS ALSO DETERMINED USING COMPENSATION SURVEY DATA. INITIAL COMPENSATION OF FACULTY IS DETERMINED USING THE SCHOOL'S FACULTY SALARY CHART WHICH TAKES INTO CONSIDERATION TEACHING AND RELEVANT EXPERIENCE. THE FACULTY SALARY CHART IS COMPARED TO SURVEY DATA ON AN ANNUAL BASIS. THE ORGANIZATION ALSO DOCUMENTS THE DECISIONS OF THE COMMITTEE.</Explanation>
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      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION'S BYLAWS ARE AVAILABLE ON THE SCHOOL WEBSITE AS WELL AS BY REQUEST. AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED GAINS ON INVESTMENTS: 4,041,004.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART XII, LINE 2C</ReturnReference>
        <Explanation>THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS.</Explanation>
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          <City>WASHINGTON</City>
          <State>DC</State>
          <ZIPCode>20007</ZIPCode>
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        <EIN>200339440</EIN>
        <PrimaryActivities>REAL ESTATE HOLDING</PrimaryActivities>
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