﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2009v1.7">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-05-03T11:10:55-05:00</Timestamp>
    <TaxPeriodEndDate>2010-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Berry Dunn McNeil &amp; Parker LLC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>1000 Elm Street 15th Floor</AddressLine1>
        <City>Manchester</City>
        <State>NH</State>
        <ZIPCode>03101</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2009-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>020263136</EIN>
      <Name>
        <BusinessNameLine1>Franklin Pierce University</BusinessNameLine1>
      </Name>
      <NameControl>FRAN</NameControl>
      <Phone>6038894000</Phone>
      <USAddress>
        <AddressLine1>40 University Drive</AddressLine1>
        <City>Rindge</City>
        <State>NH</State>
        <ZIPCode>03461</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Richard Marshall</Name>
      <Title>CFO</Title>
      <Phone>6038894000</Phone>
      <DateSigned>2011-04-20</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Rachel Williamson CPA</Name>
      <Phone>6036697337</Phone>
      <DatePrepared>2011-04-20</DatePrepared>
    </Preparer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="11">
    <IRS990 documentId="RetDoc1038000001" referenceDocumentId="RetDoc1044400001">
      <NameOfPrincipalOfficerPerson>Dr James Birge</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>40 University Drive</AddressLine1>
        <City>Rindge</City>
        <State>NH</State>
        <ZIPCode>03461</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>68510090</GrossReceipts>
      <GroupReturnForAffiliates>0</GroupReturnForAffiliates>
      <Organization501c typeOf501cOrganization="3">X</Organization501c>
      <WebSite>www.franklinpierce.edu</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1962</YearFormation>
      <StateLegalDomicile>NH</StateLegalDomicile>
      <ActivityOrMissionDescription>The Institutional Mission focuses on preparing citizens and leaders of conscience for a new century, who make significant contributions to their professions and community whether their aspirations are local or global.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>23</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>22</NbrIndependentVotingMembers>
      <TotalNbrEmployees>1385</TotalNbrEmployees>
      <TotalNbrVolunteers>4</TotalNbrVolunteers>
      <TotalGrossUBI>74709</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>-22067</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>1852324</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>2746550</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>66168416</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>64840035</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>690756</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>310050</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>679093</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>30187</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>69390589</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>67926822</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>18426237</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>18449913</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>28452309</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>28652873</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>1202212</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>21649461</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>19308311</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>68528007</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>66411097</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>862582</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>1515725</RevenuesLessExpensesCY>
      <TotalAssetsBOY>75666493</TotalAssetsBOY>
      <TotalAssetsEOY>75939385</TotalAssetsEOY>
      <TotalLiabilitiesBOY>60158251</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>58600929</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>15508242</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>17338456</NetAssetsOrFundBalancesEOY>
      <MissionDescription>Franklin Pierce University prepares its students to become active, engaged citizens and leaders of conscience, whether at the undergraduate, graduate or professional level. Its academic programs are grounded in a liberal arts tradition and are unified by the theme of the individual and community. To fulfill this mission, Franklin Pierce commits its energies and resources to:Cultivate an ethos of academic excellence characterized by a community of scholars dedicated to their students and the furthering of knowledge.Promoting an expectation of civic engagement, environmental responsibility and global awareness.Encouraging respect for human diversity and celebrating its enrichment of developing habits of mind and being that promote lifelong learning and service to others.Providing the knowledge and skills required to lead a responsible professional life.Serving as an educational, intellectual, and cultural resource for the state of NH and the global community.</MissionDescription>
      <SignificantNewProgramServices>0</SignificantNewProgramServices>
      <SignificantChange>0</SignificantChange>
      <Expense>59288059</Expense>
      <Grants>18449913</Grants>
      <Revenue>64840035</Revenue>
      <Description>Franklin Pierce University is a small, private regionally accredited university grounded in the liberal arts, with a focus on personal attention and high-quality instruction. The University consists of the College at Rindge and the College of Graduate and Professional Studies. Degrees are offered through the doctoral level. Enrollment:1,440 Undergraduate students - The College at Rindge997 Adult Students - The College of Graduate and Professional StudiesDegrees:Associate of ArtsBachelor of ArtsBachelor of ScienceMaster of ScienceMaster of Business AdministrationMaster of EducationMaster of Physician Assistant StudiesDoctorate of Physical TherapyDoctorate of ArtsUndergraduate CertificatesPostgraduate CertificatesStudent:faculty Ratio: 14:1Average Class Size: 16Undergraduate Areas of Study:Accounting, Accounting-Finance, Advertising, American Studies, Anthropology, Applied Economics, Art History, Arts Management, Biology, Business Administration, Certification in Art Education, Certification in Elementary Education, Chemistry, Computer Applications, Computer Information Technology, Criminal Justice , Dance, Documentary Studies, Education, English, Environmental Science, Environmental Studies, Finance, Fine Arts, General Studies/Liberal Arts, Global Citizenship, Graphic Communications, History, Human Services, Management, Marketing, Mass Communication, Mathematics, Music, Nursing, Paralegal, Philosophy, Political Science, Psychology, Public History, Public Relations, Secondary Certification - Biology, Secondary Certification - English , Secondary Certification - Social Science, Social Work and Counseling, Sociology, Sports and Recreation Management, Student-Designed (Interdisciplinary), Sustainability, Theatre, Women in Leadership.Graduate Areas of Study:Arts, Business Administration in Energy and Sustainability Studies, Business Administration in Human Resource Management, Business Administration in Leadership, Business Administration in Sports Management, Business in Health Administration, Education, Emerging Network Technology, Health Administration, Human Resource Management, Leadership, Physical Therapy, Physician Assistant Studies, Science in Information Technology Management, Science in Nursing.Please note: MBA tracks are available as an accelerated program through the College at Rindge and several programs are available at our College of Graduate &amp; Professional Studies across New England, in Arizona, and online. The MSIT program is also now available at the College at Rindge.Accreditation:Franklin Pierce University is accredited by the New England Association of Schools and Colleges, Inc. (NEASC). In May 2009, Franklin Pierce was accorded full re-accreditation by NEASC until 2018.</Description>
      <TotalProgramServiceExpense>59288059</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc1039100001">1</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="RetDoc1234500001">1</ScheduleBRequired>
      <PoliticalActivities>0</PoliticalActivities>
      <LobbyingActivities>0</LobbyingActivities>
      <DonorAdvisedFunds referenceDocumentId="RetDoc1040000001">0</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc1040000001">0</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc1040000001">0</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc1040000001">0</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc1040000001">1</TermOrPermanentEndowments>
      <BalanceSheetAmountsReported referenceDocumentId="RetDoc1040000001">1</BalanceSheetAmountsReported>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc1040000001">1</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc1040000001">0</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="RetDoc1040400001">1</School>
      <ForeignOffice>0</ForeignOffice>
      <ForeignActivities referenceDocumentId="RetDoc1040500001">1</ForeignActivities>
      <MoreThan5000KToOrganizations referenceDocumentId="RetDoc1040500001">0</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals referenceDocumentId="RetDoc1040500001">1</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>0</ProfessionalFundraising>
      <FundraisingActivities>1</FundraisingActivities>
      <Gaming>0</Gaming>
      <Hospital>0</Hospital>
      <GrantsToOrganizations referenceDocumentId="RetDoc1041900001">0</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="RetDoc1041900001">1</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="RetDoc1042400001">1</ScheduleJRequired>
      <TaxExemptBonds referenceDocumentId="RetDoc1053100001">1</TaxExemptBonds>
      <InvestTaxExemptBonds>0</InvestTaxExemptBonds>
      <EscrowAccount>0</EscrowAccount>
      <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
      <ExcessBenefitTransaction>0</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>0</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>0</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>0</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>0</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>0</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>0</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>0</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>0</DeductibleContributionsOfArt>
      <Terminated>0</Terminated>
      <PartialLiquidation>0</PartialLiquidation>
      <DisregardedEntity>0</DisregardedEntity>
      <RelatedEntity>0</RelatedEntity>
      <RelatedOrgControlledEntity>0</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg>0</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>0</ActivitiesConductedPartnership>
      <ScheduleORequired>1</ScheduleORequired>
      <NumberFormsTransmittedWith1096>154</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>1</ComplianceWithBackupWitholding>
      <NumberOfEmployees>1385</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>1</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>1</UnrelatedBusinessIncome>
      <Form990-TFiled>1</Form990-TFiled>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>0</TaxablePartyNotification>
      <NonDeductibleContributions>0</NonDeductibleContributions>
      <QuidProQuoContributions>0</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>0</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>0</FundsToPayPremiums>
      <PremiumsPaid>0</PremiumsPaid>
      <NbrVotingGoverningBodyMembers>23</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>22</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>0</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>0</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>0</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>0</MaterialDiversionOrMisuse>
      <MembersOrStockholders>0</MembersOrStockholders>
      <ElectionOfBoardMembers>0</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>0</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>1</MinutesOfGoverningBody>
      <MinutesOfCommittees>1</MinutesOfCommittees>
      <OfficerMailingAddress>0</OfficerMailingAddress>
      <LocalChapters>0</LocalChapters>
      <Form990ProvidedToGoverningBody>1</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>1</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>1</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>1</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>1</WhistleblowerPolicy>
      <DocumentRetentionPolicy>1</DocumentRetentionPolicy>
      <CompensationProcessCEO>1</CompensationProcessCEO>
      <CompensationProcessOther>1</CompensationProcessOther>
      <InvestmentInJointVenture>0</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>NH</StatesWhereCopyOfReturnIsFiled>
      <StatesWhereCopyOfReturnIsFiled>AZ</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>Richard Marshall CFO</BusinessNameLine1>
        </NameBusiness>
        <TelephoneNumber>6038994244</TelephoneNumber>
        <AddressUS>
          <AddressLine1>40 University Drive</AddressLine1>
          <City>Ringe</City>
          <State>NH</State>
          <ZIPCode>03461</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>James F Birge</NamePerson>
        <Title>President</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>150286</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>26126</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Lloyd Astmann</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>James P Fallon Esq</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Marlin Fitzwater</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Terry O'Connell II</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Robert M Patterson</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Kerry Stein</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Richard Rettig</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Robert P Brown</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Gregory M Doody</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Michael CJ Fallon</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Thomas Farrell</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Milton E Kahn CPA</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Eric S Marcus</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Helen J Streubert</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Laurie Tomlinson</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Candace Wiest</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jack Wozmak</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Leslye A Arsht</NamePerson>
        <Title>Vice Chair</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Zeddie Bowen</NamePerson>
        <Title>Chair</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>John J Cronin III</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Fred C Petti</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Stephen Robbins</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Carole D Monroe</NamePerson>
        <Title>Vice President</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>121577</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>44131</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Bruce M Kirsch</NamePerson>
        <Title>Vice President</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>111735</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>25278</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>James P Earle</NamePerson>
        <Title>Vice President</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>105752</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>41228</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Kim Mooney</NamePerson>
        <Title>Provost</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>206017</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>44501</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Ahmad Boura</NamePerson>
        <Title>Vice President</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>104719</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>24406</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Richard Marshall</NamePerson>
        <Title>CFO</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Raymond Van Der Riet</NamePerson>
        <Title>Vice President</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>124915</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>11929</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Sandra Quaye</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>145368</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>31256</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Paul M Kotila</NamePerson>
        <Title>Dean</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>102830</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>28244</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>David Brandes</NamePerson>
        <Title>Professor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>127662</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>40199</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jane Venske</NamePerson>
        <Title>Dean - CGPS</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>109190</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>21559</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jason Little</NamePerson>
        <Title>Associate Professor</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>101067</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>44014</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>1511118</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>382871</TotalOtherCompensation>
      <NumberIndividualsGT100K>12</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>1</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Spectrum Creative Solutions and Services</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>305 Main Street</AddressLine1>
            <City>Poughkeepsie</City>
            <State>NY</State>
            <ZIPCode>12601</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Marketing Services</DescriptionOfServices>
        <Compensation>280060</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Honeywell Inc</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>12490 Collections Center Drive</AddressLine1>
            <City>Chicago</City>
            <State>IL</State>
            <ZIPCode>60693</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Heating Repairs and Maintenance</DescriptionOfServices>
        <Compensation>249511</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Prevost Flooring</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO Box 545</AddressLine1>
            <City>Marlborough</City>
            <State>NH</State>
            <ZIPCode>03455</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Flooring</DescriptionOfServices>
        <Compensation>156673</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Simpson Scarborough LLC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>2122 P Street NW Suite 200</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20037</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Marketing Research</DescriptionOfServices>
        <Compensation>131064</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>WR Painting Inc</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>55 Gunn Mountain Road</AddressLine1>
            <City>Ashuelot</City>
            <State>NH</State>
            <ZIPCode>03441</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Painting</DescriptionOfServices>
        <Compensation>105609</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>11</NumberOfContractorsGT100K>
      <GovernmentGrants>1106831</GovernmentGrants>
      <AllOtherContributions>1639719</AllOtherContributions>
      <TotalContributions>2746550</TotalContributions>
      <ProgramServiceRevenue>
        <Description>Tuition and Fees</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>52468697</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>52468697</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Auxilliary Services</Description>
        <BusinessCode>713940</BusinessCode>
        <TotalRevenueColumn>11705945</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>11630186</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>75759</UnrelatedBusinessRevenue>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Miscellaneous Revenue</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>665393</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>665393</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>64840035</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>365082</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>-1050</UnrelatedBusinessRevenue>
        <ExclusionAmount>366132</ExclusionAmount>
      </InvestmentIncome>
      <GrossAmountSalesAssets>
        <Securities>466148</Securities>
        <Other>50000</Other>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>165049</Securities>
        <Other>406131</Other>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>301099</Securities>
        <Other>-356131</Other>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>-55032</TotalRevenueColumn>
        <ExclusionAmount>-55032</ExclusionAmount>
      </NetGainOrLossInvestments>
      <GrossIncomeFundraisingEvents>42275</GrossIncomeFundraisingEvents>
      <FundraisingDirectExpenses>12088</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>30187</TotalRevenueColumn>
        <ExclusionAmount>30187</ExclusionAmount>
      </NetIncomeFromFundraisingEvents>
      <TotalRevenue>
        <TotalRevenueColumn>67926822</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>64764276</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>74709</UnrelatedBusinessRevenue>
        <ExclusionAmount>341287</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticIndividuals>
        <Total>18212484</Total>
        <ProgramServices>18212484</ProgramServices>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>237429</Total>
        <ProgramServices>237429</ProgramServices>
      </ForeignGrants>
      <CompCurrentOfficersDirectors>
        <Total>1305830</Total>
        <ManagementAndGeneral>1305830</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>19464458</Total>
        <ProgramServices>17477712</ProgramServices>
        <ManagementAndGeneral>1322688</ManagementAndGeneral>
        <Fundraising>664058</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>1222580</Total>
        <ProgramServices>1104934</ProgramServices>
        <ManagementAndGeneral>75665</ManagementAndGeneral>
        <Fundraising>41981</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>5253337</Total>
        <ProgramServices>4528013</ProgramServices>
        <ManagementAndGeneral>530445</ManagementAndGeneral>
        <Fundraising>194879</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>1406668</Total>
        <ProgramServices>1327499</ProgramServices>
        <ManagementAndGeneral>72176</ManagementAndGeneral>
        <Fundraising>6993</Fundraising>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>88816</Total>
        <ProgramServices>4594</ProgramServices>
        <ManagementAndGeneral>84222</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>98801</Total>
        <ManagementAndGeneral>98801</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesInvstMgmntFees>
        <Total>39739</Total>
        <ManagementAndGeneral>39739</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>2678184</Total>
        <ProgramServices>2318244</ProgramServices>
        <ManagementAndGeneral>275927</ManagementAndGeneral>
        <Fundraising>84013</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>382820</Total>
        <ProgramServices>316045</ProgramServices>
        <ManagementAndGeneral>60985</ManagementAndGeneral>
        <Fundraising>5790</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>421532</Total>
        <ProgramServices>343164</ProgramServices>
        <ManagementAndGeneral>53701</ManagementAndGeneral>
        <Fundraising>24667</Fundraising>
      </OfficeExpenses>
      <Royalties>
        <Total>555</Total>
        <ProgramServices>555</ProgramServices>
      </Royalties>
      <Travel>
        <Total>699418</Total>
        <ProgramServices>643419</ProgramServices>
        <ManagementAndGeneral>40488</ManagementAndGeneral>
        <Fundraising>15511</Fundraising>
      </Travel>
      <ConferencesMeetings>
        <Total>128017</Total>
        <ProgramServices>105383</ProgramServices>
        <ManagementAndGeneral>19527</ManagementAndGeneral>
        <Fundraising>3107</Fundraising>
      </ConferencesMeetings>
      <Interest>
        <Total>2770522</Total>
        <ProgramServices>2629145</ProgramServices>
        <ManagementAndGeneral>127498</ManagementAndGeneral>
        <Fundraising>13879</Fundraising>
      </Interest>
      <DepreciationDepletion>
        <Total>2934538</Total>
        <ProgramServices>2769052</ProgramServices>
        <ManagementAndGeneral>150868</ManagementAndGeneral>
        <Fundraising>14618</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>627837</Total>
        <ManagementAndGeneral>627837</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>Utilities</Description>
        <Total>1799893</Total>
        <ProgramServices>1699259</ProgramServices>
        <ManagementAndGeneral>92210</ManagementAndGeneral>
        <Fundraising>8424</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Student Board</Description>
        <Total>1690272</Total>
        <ProgramServices>1690272</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Rentals and Leases</Description>
        <Total>1605679</Total>
        <ProgramServices>1408617</ProgramServices>
        <ManagementAndGeneral>188374</ManagementAndGeneral>
        <Fundraising>8688</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Repairs and Maintenance</Description>
        <Total>1066461</Total>
        <ProgramServices>1003220</ProgramServices>
        <ManagementAndGeneral>59664</ManagementAndGeneral>
        <Fundraising>3577</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Supplies</Description>
        <Total>799855</Total>
        <ProgramServices>742166</ProgramServices>
        <ManagementAndGeneral>50662</ManagementAndGeneral>
        <Fundraising>7027</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>1475372</Total>
        <ProgramServices>726853</ProgramServices>
        <ManagementAndGeneral>643519</ManagementAndGeneral>
        <Fundraising>105000</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>66411097</Total>
        <ProgramServices>59288059</ProgramServices>
        <ManagementAndGeneral>5920826</ManagementAndGeneral>
        <Fundraising>1202212</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>485159</BOY>
        <EOY>5420</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>5435632</BOY>
        <EOY>6376910</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>789112</BOY>
        <EOY>1603480</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>456011</BOY>
        <EOY>464495</EOY>
      </AccountsReceivable>
      <OtherNotesLoansReceivableNet>
        <BOY>6075324</BOY>
        <EOY>6070049</EOY>
      </OtherNotesLoansReceivableNet>
      <PrepaidExpensesDeferredCharges>
        <BOY>597104</BOY>
        <EOY>458158</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>90018151</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>38136312</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>53583897</BOY>
        <EOY>51881839</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>5785710</BOY>
        <EOY>6739301</EOY>
      </InvestmentsPubTradedSecurities>
      <OtherAssetsTotal>
        <BOY>2458544</BOY>
        <EOY>2339733</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>75666493</BOY>
        <EOY>75939385</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>4912457</BOY>
        <EOY>4148020</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>1302052</BOY>
        <EOY>2164934</EOY>
      </DeferredRevenue>
      <TaxExemptBondLiabilities>
        <BOY>46942151</BOY>
        <EOY>45932441</EOY>
      </TaxExemptBondLiabilities>
      <MortNotesPyblSecuredInvestProp>
        <BOY>4000000</BOY>
        <EOY>3559685</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>3001591</BOY>
        <EOY>2795849</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>60158251</BOY>
        <EOY>58600929</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>11169166</BOY>
        <EOY>11917902</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>1059005</BOY>
        <EOY>1782960</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>3280071</BOY>
        <EOY>3637594</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>15508242</BOY>
        <EOY>17338456</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>75666493</BOY>
        <EOY>75939385</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>1</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>1</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <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>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <CurrentYear>
        <BeginningOfYearBalance>6885046</BeginningOfYearBalance>
        <Contributions>977579</Contributions>
        <InvestmentEarningsOrLosses>741489</InvestmentEarningsOrLosses>
        <OtherExpenditures>401630</OtherExpenditures>
        <EndOfYearBalance>8202484</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>8999124</BeginningOfYearBalance>
        <Contributions>320538</Contributions>
        <InvestmentEarningsOrLosses>-1660715</InvestmentEarningsOrLosses>
        <OtherExpenditures>773901</OtherExpenditures>
        <EndOfYearBalance>6885046</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <BoardDesignatedEOYBalance>0.50820</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.44250</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.04930</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>975543</OtherCostOrOtherBasis>
        <BookValue>975543</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>63392135</OtherCostOrOtherBasis>
        <Depreciation>24573740</Depreciation>
        <BookValue>38818395</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>185581</OtherCostOrOtherBasis>
        <Depreciation>16581</Depreciation>
        <BookValue>169000</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>9905368</OtherCostOrOtherBasis>
        <Depreciation>7411655</Depreciation>
        <BookValue>2493713</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>15559524</OtherCostOrOtherBasis>
        <Depreciation>6134336</Depreciation>
        <BookValue>9425188</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>51881839</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>Government Advances for Student Loans</Description>
        <Amount>949522</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Capital Lease Obligations</Description>
        <Amount>1846327</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>2795849</TotalOfAmounts>
      <TotalRevenue>67926822</TotalRevenue>
      <TotalExpenses>66411097</TotalExpenses>
      <ExcessOrDeficitForYear>1515725</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>314489</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>314489</TotalAdjustments>
      <ExcessOrDeficitPerFS>1830214</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>49763747</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>314489</NetUnrealizedGainsInvestments>
      <OtherRevenues>12088</OtherRevenues>
      <RevenueNotRptdF990>326577</RevenueNotRptdF990>
      <RevenueSubtotal>49437170</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>39739</InvestmentExpensesNotIncluded>
      <OtherRevenuesNotIncluded>18449913</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>18489652</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>67926822</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>47933533</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>12088</OtherExpensesIncluded>
      <ExpensesNotRptdF990>12088</ExpensesNotRptdF990>
      <ExpensesSubtotal>47921445</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>39739</InvestmentExpensesNotIncluded2>
      <OtherExpensesNotIncluded>18449913</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>18489652</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>66411097</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part V, Line 4:</Identifier>
        <ReturnReference>Description of Intended Use of Endowment Funds:</ReturnReference>
        <Explanation>The University's endowment primarily consists of funds established for scholarships. Its endowment includes both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. As required by U.S. Generally Accepted Accounting Principles (GAAP), net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 2d - Other Adjustments:</Identifier>
        <Explanation>Fundraising Expenses: 12088.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 4b - Other Adjustments:</Identifier>
        <Explanation>Financial Aid: 18449913.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XIII, Line 2d - Other Adjustments:</Identifier>
        <Explanation>Fundraising Expenses: 12088.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XIII, Line 4b - Other Adjustments:</Identifier>
        <Explanation>Financial Aid: 18449913.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <PubViaBroadcastMediaExpln>The University Policy is widely circulated and available. The Policy is available on the University website, academic catalogue, student handbook, student applications and various other publications.</PubViaBroadcastMediaExpln>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>1</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <GovtFinancialAidExplanation>Franklin Pierce University particiates in the following governmental programs:Federal Pell GrantSEOG - Suupplemental Educational Opportunity GrantFederal Perkins LoansFederal Stafford Student Loan - Subsidized and unsubsidizedFederal PLUS - Parent Loans for Undergraduate Students</GovtFinancialAidExplanation>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
    </IRS990ScheduleE>
    <IRS990ScheduleF documentId="RetDoc1040500001">
      <GrantRecordsMaintained>1</GrantRecordsMaintained>
      <AcctsActvsOutUSTable>
        <Region>Russia and Newly-Independent States</Region>
        <TypeOfActivitiesConducted>Grants to recipients</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Scholarships</SpecificServicesProvided>
        <TotalExpenditures>237429</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <TotalNumberOfOffices>0</TotalNumberOfOffices>
      <TotalNumberOfEmployees>0</TotalNumberOfEmployees>
      <TotalAmountSpent>237429</TotalAmountSpent>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>Scholarships</TypeOfAssistance>
        <Region>Ukraine</Region>
        <NumberOfRecipients>23</NumberOfRecipients>
        <AmountOfNonCashAssistance>237429</AmountOfNonCashAssistance>
        <DescriptionOfNonCashAssistance>Tuition Discount</DescriptionOfNonCashAssistance>
        <MethodOfValuation>FMV</MethodOfValuation>
      </GrantsToIndOutsideUS>
      <Form990ScheduleFPartIV>
        <Identifier>Schedule F, Part IV</Identifier>
        <ReturnReference>Other Information</ReturnReference>
        <Explanation>Schedule F, Part I, Line 2: All assistance is in the form of grants and scholarships. These funds are applied directly to the student's account.</Explanation>
      </Form990ScheduleFPartIV>
    </IRS990ScheduleF>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>Golf Tournament</NameOfEvent1>
        <GrossReceiptsEvent1>42275</GrossReceiptsEvent1>
        <GrossRevenueEvent1>42275</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>12088</OtherDirectExpensesEvent1>
        <GrossReceiptsTotal>42275</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>42275</GrossRevenueTotalEvents>
        <OtherDirectExpensesTotalEvents>12088</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>12088</DirectExpenseSummaryEvents>
        <NetIncomeSummary>30187</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Named Scholarships</TypeOfGrant>
        <NumberOfRecipients>648</NumberOfRecipients>
        <AmountOfCashGrant>8306387</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Discounts</TypeOfGrant>
        <NumberOfRecipients>1183</NumberOfRecipients>
        <AmountOfNonCashAssistance>9541021</AmountOfNonCashAssistance>
        <MethodOfValuation>FMV</MethodOfValuation>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Other Scholarships</TypeOfGrant>
        <NumberOfRecipients>353</NumberOfRecipients>
        <AmountOfCashGrant>365076</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Other Information:</Identifier>
        <ReturnReference>Part IV:</ReturnReference>
        <Explanation>Schedule I, Part I, Line 2: All assistance is in the form of grants and scholarships. Theses funds are applied directly to the student's account.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <TravelForCompanions>X</TravelForCompanions>
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <WrittenPolicyReTAndEExpenses>1</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>1</SubstantiationRequired>
      <Form990OfOtherOrganizations>X</Form990OfOtherOrganizations>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>1</SeverancePayment>
      <SupplementalNonqualRetirePlan>1</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>1</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>0</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>James F Birge</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>119900</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>25135</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>5251</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>6875</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>19251</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>176412</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>Carole D Monroe</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>121577</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>10190</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>33941</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>165708</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>Kim Mooney</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>206017</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>14297</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>30204</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>250518</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>Sandra Quaye</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>145368</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>10800</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>20456</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>176624</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>David Brandes</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>127662</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>8219</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>31980</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>167861</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>Supplemental Information</Identifier>
        <ReturnReference>Part III</ReturnReference>
        <Explanation>James Earle received $54,973 in tuition waivers during the year.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="RetDoc1053100001">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>NH Health &amp; Education Facilities Authority</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>020279866</IssuerEIN>
        <DateIssued>2004-07-01</DateIssued>
        <IssuePrice>11000000</IssuePrice>
        <DescriptionOfPurpose>Construction of college facilities</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>11000000</TotalProceeds>
        <AmountInReserveFund>653099</AmountInReserveFund>
        <IssuanceCostsFromProceeds>739542</IssuanceCostsFromProceeds>
        <CapitalExpenditures>9387359</CapitalExpenditures>
        <YearOfSubstCompletion>2007</YearOfSubstCompletion>
        <CurrentRefunding>0</CurrentRefunding>
        <AdvanceRefunding>0</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>0</OwningBondFinancedProperty>
        <AnyLeaseArrangements>0</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>0</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>0</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>0</BondCounselRoutinelyEngaged>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>1</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>0</Form8038TFiled>
        <VariableRateIssue>0</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>0</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>0</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>0</GrossProceedsInvested>
        <ExceptionToRebate>0</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>Form 990 was reviewed by management and the audit committee prior to filing.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 12c</Identifier>
        <Explanation>Officers, Trustees and key employees submit an affirmation that no conflicts exist or a disclosure of conflicts in October of each calendar year.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 15</Identifier>
        <Explanation>The Organization determines officers' salaries through a review of comparable salaries of officers in similar positions at universities and a review of officers' responsibilities. Officers' salaries are subject to approval by the Board.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 19</Identifier>
        <Explanation>Franklin Pierce University makes its governing documents, conflict of interest policy and financial statements available to the public upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Part XI, Line 2c</Identifier>
        <Explanation>The organization has not changed the audit oversight or selection process during the tax year.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>