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        <TotalRevenueColumn>464774</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>464774</UnrelatedBusinessRevenue>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>OUTSIDE CATERING</Description>
        <BusinessCode>722320</BusinessCode>
        <TotalRevenueColumn>66623</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>66623</UnrelatedBusinessRevenue>
      </OtherRevenueMisc>
      <TotalOtherRevenue>531397</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>150803728</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>110887027</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>-962778</UnrelatedBusinessRevenue>
        <ExclusionAmount>32425963</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>14130571</Total>
        <ProgramServices>14130571</ProgramServices>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>1535625</Total>
        <ProgramServices>683940</ProgramServices>
        <ManagementAndGeneral>711351</ManagementAndGeneral>
        <Fundraising>140334</Fundraising>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>48629723</Total>
        <ProgramServices>41927322</ProgramServices>
        <ManagementAndGeneral>5150515</ManagementAndGeneral>
        <Fundraising>1551886</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>3342920</Total>
        <ProgramServices>2837006</ProgramServices>
        <ManagementAndGeneral>392887</ManagementAndGeneral>
        <Fundraising>113027</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>6615525</Total>
        <ProgramServices>5665687</ProgramServices>
        <ManagementAndGeneral>731416</ManagementAndGeneral>
        <Fundraising>218422</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>3453292</Total>
        <ProgramServices>2930674</ProgramServices>
        <ManagementAndGeneral>405859</ManagementAndGeneral>
        <Fundraising>116759</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>161567</Total>
        <ManagementAndGeneral>161567</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>249673</Total>
        <ManagementAndGeneral>249673</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>15705</Total>
        <ProgramServices>15705</ProgramServices>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>954845</Total>
        <ManagementAndGeneral>954845</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>1914743</Total>
        <ProgramServices>784820</ProgramServices>
        <ManagementAndGeneral>976842</ManagementAndGeneral>
        <Fundraising>153081</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>114584</Total>
        <ProgramServices>88363</ProgramServices>
        <ManagementAndGeneral>16371</ManagementAndGeneral>
        <Fundraising>9850</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>10649829</Total>
        <ProgramServices>9232747</ProgramServices>
        <ManagementAndGeneral>1176491</ManagementAndGeneral>
        <Fundraising>240591</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>3100751</Total>
        <ProgramServices>2546745</ProgramServices>
        <ManagementAndGeneral>471964</ManagementAndGeneral>
        <Fundraising>82042</Fundraising>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>5699136</Total>
        <ProgramServices>5550371</ProgramServices>
        <ManagementAndGeneral>148765</ManagementAndGeneral>
      </Occupancy>
      <Travel>
        <Total>1095996</Total>
        <ProgramServices>953775</ProgramServices>
        <ManagementAndGeneral>87294</ManagementAndGeneral>
        <Fundraising>54927</Fundraising>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>0</Total>
      </ConferencesMeetings>
      <Interest>
        <Total>5322130</Total>
        <ProgramServices>4556102</ProgramServices>
        <ManagementAndGeneral>636625</ManagementAndGeneral>
        <Fundraising>129403</Fundraising>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>10644494</Total>
        <ProgramServices>9112405</ProgramServices>
        <ManagementAndGeneral>1273278</ManagementAndGeneral>
        <Fundraising>258811</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>615979</Total>
        <ProgramServices>68086</ProgramServices>
        <ManagementAndGeneral>547893</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>WORKS OF ART</Description>
        <Total>873982</Total>
        <ProgramServices>873982</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OTHER RENTAL EXPENSES</Description>
        <Total>798470</Total>
        <ProgramServices>634715</ProgramServices>
        <ManagementAndGeneral>162939</ManagementAndGeneral>
        <Fundraising>816</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MAINTENANCE SERVICES</Description>
        <Total>954230</Total>
        <ProgramServices>556470</ProgramServices>
        <ManagementAndGeneral>392163</ManagementAndGeneral>
        <Fundraising>5597</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>ENTERTAINMENT</Description>
        <Total>925636</Total>
        <ProgramServices>692528</ProgramServices>
        <ManagementAndGeneral>190778</ManagementAndGeneral>
        <Fundraising>42330</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>1401746</Total>
        <ProgramServices>1236222</ProgramServices>
        <ManagementAndGeneral>103437</ManagementAndGeneral>
        <Fundraising>62087</Fundraising>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>123201152</Total>
        <ProgramServices>105078236</ProgramServices>
        <ManagementAndGeneral>14942953</ManagementAndGeneral>
        <Fundraising>3179963</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>14230892</BOY>
        <EOY>28270568</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>2211923</BOY>
        <EOY>154226</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>3868923</BOY>
        <EOY>3303505</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>2797554</BOY>
        <EOY>2331590</EOY>
      </AccountsReceivable>
      <ReceivablesFromOfficersEtc>
        <BOY>600000</BOY>
        <EOY>0</EOY>
      </ReceivablesFromOfficersEtc>
      <OtherNotesLoansReceivableNet>
        <BOY>6529345</BOY>
        <EOY>6291634</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <BOY>1803883</BOY>
        <EOY>1853788</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>2087756</BOY>
        <EOY>2094135</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>315214447</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>122740842</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>189028395</BOY>
        <EOY>192473605</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>127243552</BOY>
        <EOY>124668729</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>140061351</BOY>
        <EOY>153302310</EOY>
      </InvestmentsOtherSecurities>
      <OtherAssetsTotal>
        <BOY>14170100</BOY>
        <EOY>16128734</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>504633674</BOY>
        <EOY>530872824</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>7954933</BOY>
        <EOY>9165501</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>6234947</BOY>
        <EOY>6079152</EOY>
      </DeferredRevenue>
      <TaxExemptBondLiabilities>
        <BOY>176656975</BOY>
        <EOY>173843609</EOY>
      </TaxExemptBondLiabilities>
      <OtherLiabilities>
        <BOY>21193082</BOY>
        <EOY>29893146</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>212039937</BOY>
        <EOY>218981408</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>216507443</BOY>
        <EOY>230183065</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>49591861</BOY>
        <EOY>52956920</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>26494433</BOY>
        <EOY>28751431</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>292593737</BOY>
        <EOY>311891416</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>504633674</BOY>
        <EOY>530872824</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleC documentId="IRS990ScheduleC">
      <TotalGrassrootsLobbying />
      <TotalDirectLobbying />
      <TotalLobbyingExpenditures />
      <OtherExemptPurposeExpenditures />
      <TotalExemptPurposeExpenditures />
      <LobbyingNontaxableAmount />
      <GrassrootsNontaxableAmount />
      <TotLobbyingGrassrootMinusNonTx />
      <TotLobbyExpendMnsLobbyingNontx />
      <Volunteers>true</Volunteers>
      <PaidStaffOrManagement>true</PaidStaffOrManagement>
      <MediaAdvertisements>false</MediaAdvertisements>
      <MailingsMembers>false</MailingsMembers>
      <PublicationsOrBroadcast>false</PublicationsOrBroadcast>
      <GrantsOtherOrganizations>false</GrantsOtherOrganizations>
      <DirectContactLegislators>true</DirectContactLegislators>
      <DirectContactLegislatorsAmount>50895</DirectContactLegislatorsAmount>
      <RalliesDemonstrations>false</RalliesDemonstrations>
      <OtherActivities>true</OtherActivities>
      <TotalLobbyingExpendituresIIB>50895</TotalLobbyingExpendituresIIB>
      <NotDescribedIn501c3>false</NotDescribedIn501c3>
      <Form990ScheduleCPartIV>
        <Identifier>SCHEDULE C, PART II-B, LINE 1I</Identifier>
        <Explanation>RISD pays membership dues to a number of arts- and education-related and professional organizations, some of which may engage in lobbying activities on behalf of all members. Total membership dues paid by RISD during the fiscal year was $184,380. We are unable to determine the specific amount of that total devoted to lobbying, but we believe it to be a relatively small and immaterial portion.</Explanation>
      </Form990ScheduleCPartIV>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <CollectUsedForPublicExhibition>X</CollectUsedForPublicExhibition>
      <CollectUsedForScholarResearch>X</CollectUsedForScholarResearch>
      <CollectUsedForPreservation>X</CollectUsedForPreservation>
      <CollectUsedForLoanOrExchPrgrms>X</CollectUsedForLoanOrExchPrgrms>
      <CollectionUsedForOther>
        <CollectionUsedForOtherPurposes>X</CollectionUsedForOtherPurposes>
        <DescriptionOfOtherPurposes>Teaching</DescriptionOfOtherPurposes>
      </CollectionUsedForOther>
      <SolicitedAssetsForSale>false</SolicitedAssetsForSale>
      <CurrentYear>
        <BeginningOfYearBalance>260262437</BeginningOfYearBalance>
        <Contributions>6876341</Contributions>
        <InvestmentEarningsOrLosses>21745574</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>3660193</GrantsOrScholarships>
        <OtherExpenditures>10608161</OtherExpenditures>
        <AdministrativeExpenses>73329</AdministrativeExpenses>
        <EndOfYearBalance>274542669</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>357541310</BeginningOfYearBalance>
        <Contributions>5758390</Contributions>
        <InvestmentEarningsOrLosses>-76183979</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>13790118</GrantsOrScholarships>
        <OtherExpenditures>11834800</OtherExpenditures>
        <AdministrativeExpenses>1228366</AdministrativeExpenses>
        <EndOfYearBalance>260262437</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <BoardDesignatedEOYBalance>0.75400</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.09600</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.15000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>7921618</OtherCostOrOtherBasis>
        <BookValue>7921618</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>256521116</OtherCostOrOtherBasis>
        <Depreciation>85087771</Depreciation>
        <BookValue>171433345</BookValue>
      </Buildings>
      <LeaseholdImprovements />
      <Equipment>
        <OtherCostOrOtherBasis>42962479</OtherCostOrOtherBasis>
        <Depreciation>36091225</Depreciation>
        <BookValue>6871254</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>7809234</OtherCostOrOtherBasis>
        <Depreciation>1561846</Depreciation>
        <BookValue>6247388</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>192473605</TotalOfBookValueLandBuildings>
      <FinancialDerivatives />
      <CloselyHeldEquityInterests />
      <OtherSecurities>
        <Description>ALTERNATIVE INVESTMENTS</Description>
        <BookValue>153302310</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>153302310</TotalOfBookValueSecurities>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>AGENCY ACCOUNTS</Description>
        <Amount>109901</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>US GOVERNMENT LOAN FUNDS</Description>
        <Amount>3890790</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>INTEREST RATE SWAP</Description>
        <Amount>9031255</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>ASSET RETIREMENT OBLIGATION</Description>
        <Amount>3553705</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>CAPITAL LEASE OBLIG - LONG-TERM</Description>
        <Amount>13307495</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>29893146</TotalOfAmounts>
      <Form990ScheduleDPartXIV>
        <Identifier>SCHEDULE D, PART III, LINE 1A</Identifier>
        <Explanation>THE MAJORITY OF THE SCHOOL'S COLLECTION RESIDES IN THE MUSEUM AND CONSISTS OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, ART OBJECTS AND BOOKS THAT ARE HELD FOR EDUCATIONAL, RESEARCH AND CURATORIAL PURPOSES. EACH OF THE ITEMS ARE CATALOGUED, PRESERVED AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE SCHOOL EXPENDED $683,417 AND $1,077,843 FOR ACQUISITIONS DURING 2010 AND 2009, RESPECTIVELY. SCHEDULE D, PART III, LINE 4 THE MUSEUM OF ART, ALSO KNOWN AS THE RISD MUSEUM, IS RHODE ISLAND'S LEADING MUSEUM OF FINE AND DECORATIVE ART, HOUSING A COLLECTION OF 86,200 OBJECTS OF INTERNATIONAL SIGNIFICANCE. IT IS SOUTHEASTERN NEW ENGLAND'S ONLY COMPREHENSIVE ART MUSEUM AND IS ACCREDITED BY THE AMERICAN ASSOCIATION OF MUSEUMS. THE RISD MUSEUM STRIVES TO BE A VITAL CULTURAL RESOURCE BY EDUCATING AND INSPIRING A WIDE VARIETY OF AUDIENCES: FAMILIES AND INDIVIDUALS, SCHOLARS AND RESEARCHERS, ARTISTS AND DESIGNERS, AND STUDENTS OF ALL AGES. THE MUSEUM MAINTAINS AN ACTIVE PROGRAM OF EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS DEDICATED TO THE INTERPRETATION OF ART AND DESIGN FROM DIVERSE CULTURES RANGING FROM ANCIENT TIMES TO THE PRESENT. SCHEDULE D. PART V, LINE 4 THE INTENT OF THE ENDOWMENT FUND IS TO GENERATE INVESTMENT EARNINGS AS A SOURCE OF REVENUE FOR FUNDING THE SCHOOL'S GENERAL OPERATING ACTIVITIES AND FOR FUNDING SPECIFIC PURPOSES, EITHER RESTRICTED BY DONORS OR INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES. EXAMPLES OF SPECIFIC PURPOSES INCLUDE SCHOLARSHIP FOR STUDENTS, FACILITIES UPKEEP, RESEARCH, AND SUPPORT FOR THE MUSEUM AND OTHER ACADEMIC OPERATIONS. SCHEDULE D, PART XII, LINE 2D UNREALIZED DEPRECIATION ON SWAP VALUATION: $(2,504,411) SCHEDULE D, PARTS XII AND XIII, LINE 4A INVESTMENT EXPENSE NETTED AGAINST UNREALIZED LOSS: $954,845 SCHEDULE D, PARTS XII AND XII, LINE 4B SCHOLARSHIPS: $14,130,570</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <PubViaBroadcastMediaExpln>IN THE RHODE ISLAND SCHOOL OF DESIGN CATALOGUE AND STUDENT HANDBOOK.</PubViaBroadcastMediaExpln>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <GovtFinancialAidExplanation>FINANCIAL AID IS RECEIVED FROM THE US DEPARTMENT OF EDUCATION IN THE FORM OF FEDERAL COLLEGE WORK STUDY, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL PELL GRANTS, FEDERAL PERKINS LOANS, FEDERAL STAFFORD LOANS AND FEDERAL PLUS LOANS WHICH ARE ADMINISTERED THROUGH VARIOUS LENDING AGENCIES. IN ADDITION, THE COLLEGE RECEIVES FINANCIAL AID FROM VARIOUS STATE SCHOLARSHIP PROGRAMS AND OTHER FEDERAL AGENCIES, E.G. VETERANS ADMINISTRATION AND BUREAU OF INDIAN AFFAIRS.</GovtFinancialAidExplanation>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
    </IRS990ScheduleE>
    <IRS990ScheduleF documentId="IRS990ScheduleF">
      <AcctsActvsOutUSTable>
        <Region>Europe (Including Iceland and Greenland)</Region>
        <NumberOfOffices>1</NumberOfOffices>
        <NumberOfEmployees>9</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>INDEPENDENT STUDY</SpecificServicesProvided>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South Asia</Region>
        <NumberOfEmployees>2</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>INDEPENDENT STUDY</SpecificServicesProvided>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <NumberOfEmployees>1</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>INDEPENDENT STUDY</SpecificServicesProvided>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>North America</Region>
        <NumberOfEmployees>5</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>INDEPENDENT STUDY</SpecificServicesProvided>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Sub-Saharan Africa</Region>
        <NumberOfEmployees>2</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>INDEPENDENT STUDY</SpecificServicesProvided>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Central America and the Caribbean</Region>
        <TypeOfActivitiesConducted>Investments</TypeOfActivitiesConducted>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Europe (Including Iceland and Greenland)</Region>
        <TypeOfActivitiesConducted>Investments</TypeOfActivitiesConducted>
      </AcctsActvsOutUSTable>
      <TotalNumberOfOffices>1</TotalNumberOfOffices>
      <TotalNumberOfEmployees>19</TotalNumberOfEmployees>
      <Form990ScheduleFPartIV>
        <Identifier>Schedule F, Part I, LINE 3, COLUMN F</Identifier>
        <Explanation>RHODE ISLAND SCHOOL OF DESIGN DOES NOT CURRENTLY TRACK FOREIGN EXPENDITURES SEPARATELY. THEREFORE, PURSUANT TO IRS GUIDANCE, DISCLOSURE IN THIS COLUMN IS NOT REQUIRED IN THE CURRENT YEAR.</Explanation>
      </Form990ScheduleFPartIV>
      <Form990ScheduleFPartIV />
      <Form990ScheduleFPartIV />
    </IRS990ScheduleF>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <RecordsMaintained>true</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>SCHOLARSHIPS/GRANTS</TypeOfGrant>
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        <ReturnReference>Schedule J, Part I, Lines 1a and 1b</ReturnReference>
        <Explanation>FIRST-CLASS TRAVEL - Officers and key employees, like all employees, are reimbursed for "reasonable travel expenses that facilitate the performance of official college business," and first-class travel is ordinarily not permitted. On one occasion during 2009, however, one individual was permitted to fly first class on one leg of a trip for which no other seats were available. The difference in price over coach fare for that flight was approximately $150. Travel for companions - Occasionally, the spouse of the Museum Director accompanies the Director on business travel for which travel expenditures were reimbursed by the School. Reimbursements for the director's spouse have been reported as taxable compensation to the Director. Tax indemnifications and gross-up payments - Certain officers and key employees were provided dependent tuition payments that have been reported as taxable compensation. These amounts were grossed up for tax purposes. Health or social club dues or initiation fees - The School pays social club dues for the President and for the Museum Director. These amounts were included in taxable compensation. The items provided above are included in agreements between the individual and RISD and are approved in advance by the PRESIDENT Or THE BOARD. Housing allowance or residence for personal use - The School maintains a house for use by the President as a condition of employment and for the convenience of RISD. Therefore, no amount is included in taxable compensation. SCHEDULE J, PART I, LINE 4A HOPE ALSWANG - $83,728 AMOUNT REPRESENTS SALARY CONTINUATION FOR AUGUST 1, 2009 TO DECEMBER 31, 2009. JAY COOGAN - $232,202 AMOUNT REPRESENTS SALARY CONTINUATION FOR JULY 1, 2009 TO DECEMBER 31, 2009 AND 6 MONTHS SEVERANCE. E. ROGER MANDLE - $182,072 AMOUNT REPRESENTS 6 MONTHS BASE. JOSEPH DEAL - $121,485 AMOUNT REPRESENTS 12 MONTHS BASE.</Explanation>
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        <Explanation>1. CAMERAS 2. TABLE 3. CLAY 4. TENSEGRITY STRUCTURE 5. LAMP SHADE FRAME SUPPLIES 6. LATHE Schedule M, Part I, Column B The organization is reporting the number of contributions. Schedule M, Part I, Line 32a The brokers representing donors who wish to donate stocks are directed to the bank of New York. The Bank of New York sells the stocks and wires the proceeds to the college's main checking account. Schedule M, Part I, Line 33 Rhode Island School of Design does not capitalize or assign a value to its museum collections, books and publications, or to any insignificant items received. These items are not recognized as assets nor as revenue on the School's financial statements. Also see description for Schedule D, Part III, Line 4.</Explanation>
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    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990, PARTS I &amp; III, LINE 1</ReturnReference>
        <Explanation>THE MISSION OF RHODE ISLAND SCHOOL OF DESIGN, THROUGH ITS COLLEGE AND MUSEUM, IS TO EDUCATE ITS STUDENTS AND THE PUBLIC IN THE CREATION AND APPRECIATION OF WORKS OF ART AND DESIGN, TO DISCOVER AND TRANSMIT KNOWLEDGE AND TO MAKE LASTING CONTRIBUTIONS TO A GLOBAL SOCIETY THROUGH CRITICAL THINKING, SCHOLARSHIP AND INNOVATION. GOVERNING BODY AND MANAGEMENT FORM 990, PART VI, LINE 7A RISD ALUMNI ASSOCIATION IS A MEMBER OF RHODE ISLAND SCHOOL OF DESIGN AND ELECTS TWO MEMBERS OF THE BOARD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>WRITTEN POLICIES AND PROCEDURES</Identifier>
        <Explanation>990 REVIEW PROCESS FORM 990, PART VI, LINE 11A The process for the FY2010 Form 990 includes review by senior management, the audit committee, and the independent external tax consultants. The audit committee is presented with a draft of the return for their review. The full board receives a final copy of form 990 before it is filed. CONFLICT OF INTEREST FORM 990, PART VI, LINE 12C On an annual basis, the School's Trustees' Office distributes a survey to all of the Trustees requesting information on matters relating to the School's conflict of interest policy. There are follow up procedures to ensure that surveys are completed and returned for review. The General Counsel's office provides assistance to trustees by responding to any questions they may have. Results of the completed surveys are presented to the Trustees' Audit Committee. The threshold for reporting to the Committee is more than $10,000 per year (in the aggregate, for each trustee). In addition to the annual survey, the Trustees are required to disclose any additional conflicts that may arise during the course of the year. Further, whenever any matter involving a conflict of interest on the part of any trustee is discussed or proposed for action at Board or Committee meetings, such conflict shall be disclosed to other trustees present, and the trustee having such conflict shall not vote or use his or her personal influence on the matter. COMPENSATION PROCESS FORM 990, PART VI, LINE 15 The School's process for determining compensation for its officers (including the President) and key employees includes: 1. Preparing a description of the position and requirements via a formal job description, job summary, or advertisement. 2. Developing an understanding of the external market for similar positions and requirements via various sources such as: compensation surveys (e.g., Yaffee, SNE CUPA, The Survey Group); other organizations' 990 data, dialog with search firms; and knowledge of applicant pool and current earnings. 3. Consideration of the external market data listed above in light of internal operating budget and internal equity factors. 4. UNDERSTANDING THE CANDIDATE'S PREVIOUS SALARY HISTORY, CURRENT EARNINGS POTENTIAL AND SKILL SET AS RELATED TO THE POSITION'S requirements and the college's needs. 5. Presentation of a recommended hiring range (offer) to the President, EVP Finance, and Board of Trustees, as appropriate, for approval. The compensation is approved by the Board of Trustees' executive committee and Chair of the Board. 6. Generating an offer letter or contract. ORGANIZATION DOCUMENTS AVAILABILITY TO PUBLIC FORM 990, PART VI, LINE 19 THE SCHOOL'S BYLAWS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RISD BOARD OF TRUSTEES MAY 2009 - MAY 2010</Identifier>
        <ReturnReference>FORM 990, PART VII</ReturnReference>
        <Explanation>OFFICERS OF THE BOARD CHAIR: MERRILL W. SHERMAN VICE CHAIR: STUART J. MURPHY VICE CHAIR: PHILIP E. TOBEY SECRETARY: M. KATE RITTMANN TERM TRUSTEES 1. MICHAEL ALLEN 2. JOHN BEUG 3. VINCENT J. BUONANNO 4. WILMA PARKER DE PAVLOFF 5. ERICA DI BONA 6. ROBERT A. DIMUCCIO 7. SHERRI DONGHIA 8. SUSAN DRYFOOS 9. CATHY GRAHAM 10. RICHARD W. HAINING, SR. 11. WILLIAM R. HAMMER 12. V. DUNCAN JOHNSON 13. JON KAMEN 14. STEPHEN L. KEY 15. STEPHEN LANE 16. SCOTT R. LATHAM 17. STEPHEN A. METCALF 18. SUSAN B. MONTgOMERY 19. STUART J. MURPHY 20. LISA PEVAROFF-COHN 21. MARY KATE RITTMAN 22. MERRILL W. SHERMAN 23. SANDRA P. SMITH 24. MICHAEL SPALTER 25. DONALD R. STANTON 26. PHILIP E. TOBEY 27. ARNOLD-PETER WEISS, M.D. 28. PATRICIA A. WHITE 29. MARGARET A. WILLIAMS 30. CAROLINA Y.C. WOO 31. MARY ANN (TOOTS) ZYNSKY LIFE TRUSTEE LOUIS M.S. BEAL EX-OFFICIO TRUSTEES NAT HESSE, PRESIDENT/ALUMNI ASSN. JOHN MAEDA, PRESIDENT JOAN K. HERRON, PAST PRESIDENT/ALUMNI ASSN. ALL OF THE TRUSTEES WORK, ON AN AVERAGE, 2 HOURS PER WEEK AND RECEIVE NO COMPENSATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RISD BOARD OF TRUSTEES MAY 2010 - MAY 2011</Identifier>
        <ReturnReference>FORM 990, PART VII</ReturnReference>
        <Explanation>OFFICERS OF THE BOARD CHAIR: MERRILL W. SHERMAN VICE CHAIR: STUART J. MURPHY VICE CHAIR: PHILIP E. TOBEY TERM TRUSTEES 1. MICHAEL ALLEN 2. DAVID C. BARCLAY 3. JOHN BEUG 4. VINCENT J. BUONANNO 5. ERICA DI BONA 6. ROBERT A. DIMUCCIO 7. SHERRI DONGHIA 8. SUSAN DRYFOOS 9. CATHY GRAHAM 10. RICHARD W. HAINING, SR. 11. WILLIAM R. HAMMER 12. V. DUNCAN JOHNSON 13. JON KAMEN 14. STEPHEN L. KEY 15. STEPHEN LANE 16. SCOTT R. LATHAM 17. STEPHEN A. METCALF 18. SUSAN B. MONTGOMERY 19. LISA PEVAROFF-COHN 20. SANDRA P. SMITH 21. MICHAEL SPALTER 22. DONALD R. STANTON 23. WILLIAM G. TSIARAS, M.D. 24. ARNOLD-PETER WEISS, M.D. 25. PATRICIA A. WHITE 26. MARGARET A. WILLIAMS 27. MARY ANN (TOOTS) ZYNSKY LIFE TRUSTEE LOUIS M.S. BEAL EX-OFFICIO TRUSTEES NAT HESSE, PRESIDENT/ALUMNI ASSN. JOHN MAEDA, PRESIDENT JOAN K. HERRON, PAST PRESIDENT/ALUMNI ASSN. ALL OF THE TRUSTEES WORK, ON AN AVERAGE, 2 HOURS PER WEEK AND RECEIVE NO COMPENSATION. AVERAGE NUMBER OF HOURS DEVOTED TO RELATED ORGANIZATIONS FORM 990, PART VII, SECTION A KELLY A. MORRA, AVP, FINANCE &amp; BUSINESS SERVICES AVERAGE .25 HOURS PER WEEK</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>TECHNOLOGY AND DESIGN BUILDINGS LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2 COLLEGE STREET</AddressLine1>
          <City>PROVIDENCE</City>
          <State>RI</State>
          <ZIPCode>02903</ZIPCode>
        </AddressUS>
        <EIN>050258956</EIN>
        <PrimaryActivities>REAL ESTATE</PrimaryActivities>
        <LegalDomicileState>RI</LegalDomicileState>
        <TotalIncome>96400</TotalIncome>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>HILLSIDE REALTY COMPANY</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2 COLLEGE STREET</AddressLine1>
          <City>PROVIDENCE</City>
          <State>RI</State>
          <ZIPCode>02903</ZIPCode>
        </AddressUS>
        <EIN>050258956</EIN>
        <PrimaryActivities>INACTIVE</PrimaryActivities>
        <LegalDomicileState>RI</LegalDomicileState>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>RISD HOLDINGS INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2 COLLEGE STREET</AddressLine1>
          <City>PROVIDENCE</City>
          <State>RI</State>
          <ZIPCode>02903</ZIPCode>
        </AddressUS>
        <EIN>050508151</EIN>
        <PrimaryActivities>REAL ESTATE</PrimaryActivities>
        <LegalDomicileState>RI</LegalDomicileState>
        <ExemptCodeSection>501(C)(25)</ExemptCodeSection>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>RISD RESEARCH FOUNDATION INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2 COLLEGE STREET</AddressLine1>
          <City>PROVIDENCE</City>
          <State>RI</State>
          <ZIPCode>02903</ZIPCode>
        </AddressUS>
        <PrimaryActivities>RSRCH GRANT</PrimaryActivities>
        <LegalDomicileState>RI</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>11a-I</PublicCharityStatus>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>true</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>true</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>true</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>true</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>true</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>RISD Holdings INc</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>a</TransactionType>
        <AmountInvolved>289503</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>RISD HOLDINGS INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>Q</TransactionType>
        <AmountInvolved>146914</AmountInvolved>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>