﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2009v1.7">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-05-10T15:42:21-05:00</Timestamp>
    <TaxPeriodEndDate>2010-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>GRANT THORNTON LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>2001 MARKET STREET SUITE 3100</AddressLine1>
        <City>PHILADELPHIA</City>
        <State>PA</State>
        <ZIPCode>19103</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2009-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>222482802</EIN>
      <Name>
        <BusinessNameLine1>Rowan University Foundation</BusinessNameLine1>
      </Name>
      <NameControl>ROWA</NameControl>
      <Phone>8562564119</Phone>
      <USAddress>
        <AddressLine1>201 Mullica Hill Road</AddressLine1>
        <City>Glassboro</City>
        <State>NJ</State>
        <ZIPCode>08028</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>R J Tallarida Jr</Name>
      <Title>ACTING EXECUTIVE DIRECTOR</Title>
      <Phone>8562565413</Phone>
      <DateSigned>2011-05-06</DateSigned>
    </Officer>
    <Preparer>
      <Phone>2155614200</Phone>
    </Preparer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="9">
    <IRS990 documentId="IRS990" referenceDocumentId="IRS990ScheduleO">
      <NameOfPrincipalOfficerPerson>Mary Kay Long</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>201 Mullica Hill Road</AddressLine1>
        <City>Glassboro</City>
        <State>NJ</State>
        <ZIPCode>08028</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>41278216</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c typeOf501cOrganization="3">X</Organization501c>
      <WebSite>www.rufoundation.edu</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1983</YearFormation>
      <StateLegalDomicile>NJ</StateLegalDomicile>
      <ActivityOrMissionDescription>The primary purpose of the foundation is to raise money and obtain gifts-in-kind and to channel those monies and gifts to Rowan University in meeting its education mission.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>22</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>21</NbrIndependentVotingMembers>
      <TotalNbrEmployees>0</TotalNbrEmployees>
      <TotalNbrVolunteers>21</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>-98851</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>2634591</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>1784981</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>0</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>0</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>4068924</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>585270</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>-23700</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>-5501</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>6679815</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>2364750</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>9429806</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>9012749</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>0</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>0</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>1542</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>640026</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>289306</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>10069832</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>9302055</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>-3390017</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-6937305</RevenuesLessExpensesCY>
      <TotalAssetsBOY>129167780</TotalAssetsBOY>
      <TotalAssetsEOY>135013371</TotalAssetsEOY>
      <TotalLiabilitiesBOY>1768812</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>1707556</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>127398968</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>133305815</NetAssetsOrFundBalancesEOY>
      <MissionDescription>Rowan University Foundation (The Foundation) was created to assist the board of trustees and the President of Rowan University (The University) in their efforts to achieve and advance the mission of The University. The primary purpose of The Foundation is to raise money and obtain gifts-in-kind and to channel those monies and gifts to Rowan University in meeting its educational mission.</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>1053393</Expense>
      <Grants>1053393</Grants>
      <Description>Scholarships (restricted funds) given to students.</Description>
      <Activity2>
        <Expense>7959356</Expense>
        <Grants>7959356</Grants>
        <Description>Grants to Rowan University.</Description>
      </Activity2>
      <TotalProgramServiceExpense>9012749</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="IRS990ScheduleB">true</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <DonorAdvisedFunds referenceDocumentId="IRS990ScheduleD">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="IRS990ScheduleD">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="IRS990ScheduleD">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="IRS990ScheduleD">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="IRS990ScheduleD">true</TermOrPermanentEndowments>
      <BalanceSheetAmountsReported referenceDocumentId="IRS990ScheduleD">true</BalanceSheetAmountsReported>
      <IndependentAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">false</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising referenceDocumentId="IRS990ScheduleG">false</ProfessionalFundraising>
      <FundraisingActivities referenceDocumentId="IRS990ScheduleG">true</FundraisingActivities>
      <Gaming referenceDocumentId="IRS990ScheduleG">false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations referenceDocumentId="IRS990ScheduleI">true</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="IRS990ScheduleI">true</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="IRS990ScheduleJ">true</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity referenceDocumentId="IRS990ScheduleR">false</DisregardedEntity>
      <RelatedEntity referenceDocumentId="IRS990ScheduleR">true</RelatedEntity>
      <RelatedOrgControlledEntity referenceDocumentId="IRS990ScheduleR">false</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg referenceDocumentId="IRS990ScheduleR">false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership referenceDocumentId="IRS990ScheduleR">false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>0</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>0</NumberOfEmployees>
      <UnrelatedBusinessIncome>true</UnrelatedBusinessIncome>
      <Form990-TFiled>true</Form990-TFiled>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>true</QuidProQuoContributions>
      <QuidProQuoDisclosure>true</QuidProQuoDisclosure>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
      <TaxableDistributions>false</TaxableDistributions>
      <DistributionToDonor>false</DistributionToDonor>
      <NbrVotingGoverningBodyMembers>22</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>21</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>false</ConflictOfInterestPolicy>
      <WhistleblowerPolicy>false</WhistleblowerPolicy>
      <DocumentRetentionPolicy>false</DocumentRetentionPolicy>
      <CompensationProcessCEO>false</CompensationProcessCEO>
      <CompensationProcessOther>false</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>NJ</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>JOSEPH F SCULLY JR</NamePerson>
        <TelephoneNumber>8562564127</TelephoneNumber>
        <AddressUS>
          <AddressLine1>201 MULLICA HILL ROAD</AddressLine1>
          <City>Glassboro</City>
          <State>NJ</State>
          <ZIPCode>08028</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>Donald J Farish</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>310866</ReportableCompFromRelatedOrgs>
        <OtherCompensation>38908</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Rob Lewandowski</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Lawrence J Salva</NamePerson>
        <Title>Vice Chair</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Joe Bottazzi</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Tony Galvin</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Robert Novick</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Harry I Scheyer</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Anthony Calabrese</NamePerson>
        <Title>Chair</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Elizabeth Palmer</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Pauline Schneider</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Keith Campbell</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Robert W Hoey</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Alyce Parker</NamePerson>
        <Title>Secretary</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Paul Tully</NamePerson>
        <Title>Treasurer</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Scott Kintzing</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Helene Reed</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Stanley LaBruna</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Robert C Braun</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Stephen H Clark</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jill Steier</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>David J Strout</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Allison Wedell</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Mary Kay Long</NamePerson>
        <Title>Interim Vice President</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>127508</ReportableCompFromRelatedOrgs>
        <OtherCompensation>9410</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>0</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>438374</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>48318</TotalOtherCompensation>
      <NumberIndividualsGT100K>0</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <FundraisingEvents>68880</FundraisingEvents>
      <AllOtherContributions>1716101</AllOtherContributions>
      <TotalContributions>1784981</TotalContributions>
      <TotalProgramServiceRevenue>0</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>2581490</TotalRevenueColumn>
        <ExclusionAmount>2581490</ExclusionAmount>
      </InvestmentIncome>
      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </RoyaltiesRevenue>
      <GrossAmountSalesAssets>
        <Securities>36881829</Securities>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>38878049</Securities>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>-1996220</Securities>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>-1996220</TotalRevenueColumn>
      </NetGainOrLossInvestments>
      <GrossIncomeFundraisingEvents>29916</GrossIncomeFundraisingEvents>
      <CntrbtnsRprtdFundraisingEvents>68880</CntrbtnsRprtdFundraisingEvents>
      <FundraisingDirectExpenses>35417</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>-5501</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeOrLoss>
      <TotalOtherRevenue>0</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>2364750</TotalRevenueColumn>
        <ExclusionAmount>2581490</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>7959356</Total>
        <ProgramServices>7959356</ProgramServices>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>1053393</Total>
        <ProgramServices>1053393</ProgramServices>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>0</Total>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>0</Total>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>0</Total>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>0</Total>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>0</Total>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>21967</Total>
        <ManagementAndGeneral>21967</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>36065</Total>
        <ManagementAndGeneral>36065</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>114311</Total>
        <ManagementAndGeneral>114311</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>0</Total>
      </FeesForServicesOther>
      <Advertising>
        <Total>0</Total>
      </Advertising>
      <OfficeExpenses>
        <Total>1542</Total>
        <Fundraising>1542</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>0</Total>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>0</Total>
      </Occupancy>
      <Travel>
        <Total>0</Total>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>0</Total>
      </ConferencesMeetings>
      <Interest>
        <Total>0</Total>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>0</Total>
      </DepreciationDepletion>
      <Insurance>
        <Total>11167</Total>
        <ManagementAndGeneral>11167</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>ANNUITIES DISTRIBUTION</Description>
        <Total>58004</Total>
        <ManagementAndGeneral>58004</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TEACHING AWARDS</Description>
        <Total>8044</Total>
        <ManagementAndGeneral>8044</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>CATERING</Description>
        <Total>6975</Total>
        <ManagementAndGeneral>6975</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FILING FEES</Description>
        <Total>335</Total>
        <ManagementAndGeneral>335</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>30896</Total>
        <ManagementAndGeneral>30896</ManagementAndGeneral>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>9302055</Total>
        <ProgramServices>9012749</ProgramServices>
        <ManagementAndGeneral>287764</ManagementAndGeneral>
        <Fundraising>1542</Fundraising>
      </TotalFunctionalExpenses>
      <SavingsAndTempCashInvestments>
        <BOY>3409598</BOY>
        <EOY>5215876</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>5707694</BOY>
        <EOY>5376561</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable />
      <InvestmentsPubTradedSecurities>
        <BOY>82702127</BOY>
        <EOY>84168854</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>37342667</BOY>
        <EOY>40216234</EOY>
      </InvestmentsOtherSecurities>
      <OtherAssetsTotal>
        <BOY>5694</BOY>
        <EOY>35846</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>129167780</BOY>
        <EOY>135013371</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>526270</BOY>
        <EOY>504745</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>53784</BOY>
        <EOY>41531</EOY>
      </DeferredRevenue>
      <OtherLiabilities>
        <BOY>1188758</BOY>
        <EOY>1161280</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>1768812</BOY>
        <EOY>1707556</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>8877363</BOY>
        <EOY>13714041</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>9544872</BOY>
        <EOY>10906713</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>108976733</BOY>
        <EOY>108685061</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>127398968</BOY>
        <EOY>133305815</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>129167780</BOY>
        <EOY>135013371</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <ContribByControllingIndividual>false</ContribByControllingIndividual>
      <ContributionByRelatedParty>false</ContributionByRelatedParty>
      <ContribBy35ControlledEntity>false</ContribBy35ControlledEntity>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>2496414</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>3488737</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>2040958</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>2657180</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1716101</CurrentTaxYear>
        <Total>12399390</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>2496414</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>3488737</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>2040958</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>2657180</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1716101</CurrentTaxYear>
        <Total>12399390</Total>
      </Total170>
      <PublicSupportTotal170>12399390</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>3062087</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>3351370</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>3663583</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>3501460</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>2581490</CurrentTaxYear>
        <Total>16159990</Total>
      </GrossInvestmentIncome170>
      <TotalSupport>28559380</TotalSupport>
      <PublicSupportPertcentage170>0.43416</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.00000</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </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>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <CurrentYear>
        <BeginningOfYearBalance>108976733</BeginningOfYearBalance>
        <Contributions>189295</Contributions>
        <InvestmentEarningsOrLosses>-480967</InvestmentEarningsOrLosses>
        <EndOfYearBalance>108685061</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>108603684</BeginningOfYearBalance>
        <Contributions>194919</Contributions>
        <InvestmentEarningsOrLosses>7236652</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>7058522</GrantsOrScholarships>
        <OtherExpenditures>0</OtherExpenditures>
        <AdministrativeExpenses>0</AdministrativeExpenses>
        <EndOfYearBalance>108976733</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <BoardDesignatedEOYBalance>0.00000</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>1.00000</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.00000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land />
      <Buildings />
      <LeaseholdImprovements />
      <Equipment />
      <OtherLandBuildings />
      <FinancialDerivatives />
      <CloselyHeldEquityInterests />
      <OtherSecurities>
        <Description>REALTY INVESTMENTS</Description>
        <BookValue>4428045</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>ALTERNATIVE INVESTMENTS</Description>
        <BookValue>35788189</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>40216234</TotalOfBookValueSecurities>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>ALUMNI ASSOCIATION</Description>
        <Amount>1081280</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>COMPENSATED ABSENCES</Description>
        <Amount>80000</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>1161280</TotalOfAmounts>
      <TotalRevenue>2364750</TotalRevenue>
      <TotalExpenses>9302055</TotalExpenses>
      <ExcessOrDeficitForYear>-6937305</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>12808735</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>12808735</TotalAdjustments>
      <ExcessOrDeficitPerFS>5871430</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>15208902</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>12808735</NetUnrealizedGainsInvestments>
      <OtherRevenues>35417</OtherRevenues>
      <RevenueNotRptdF990>12844152</RevenueNotRptdF990>
      <RevenueSubtotal>2364750</RevenueSubtotal>
      <TotalRevenuePerForm990>2364750</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>9302055</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>9302055</ExpensesSubtotal>
      <TotalExpensesPerForm990>9302055</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Schedule D, Part V, Line 4</Identifier>
        <Explanation>To provide scholarships to the students of Rowan University and gifts to Rowan University in meeting its educational mission.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Schedule D, Part XII, Line 2D</Identifier>
        <Explanation>Fundraising expense in revenue $35,417.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="IRS990ScheduleG">
      <EventsInformation>
        <NameOfEvent1>Golf Tournament</NameOfEvent1>
        <GrossReceiptsEvent1>65456</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>42693</CharitableContributionsEvent1>
        <GrossRevenueEvent1>22763</GrossRevenueEvent1>
        <NonCashPrizesEvent1>1413</NonCashPrizesEvent1>
        <RentFacilityCostsEvent1>14820</RentFacilityCostsEvent1>
        <FoodAndBeverageEvent1>9780</FoodAndBeverageEvent1>
        <OtherDirectExpensesEvent1>7531</OtherDirectExpensesEvent1>
        <NameOfEvent2>MLK JR Breakfas</NameOfEvent2>
        <GrossReceiptsEvent2>33430</GrossReceiptsEvent2>
        <CharitableContributionsEvent2>26187</CharitableContributionsEvent2>
        <GrossRevenueEvent2>7243</GrossRevenueEvent2>
        <RentFacilityCostsEvent2>300</RentFacilityCostsEvent2>
        <OtherDirectExpensesEvent2>1573</OtherDirectExpensesEvent2>
        <TotalNumberOfOtherEvents>0</TotalNumberOfOtherEvents>
        <GrossReceiptsTotal>98886</GrossReceiptsTotal>
        <CharitableContributionsTotal>68880</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>30006</GrossRevenueTotalEvents>
        <NonCashPrizesTotalEvents>1413</NonCashPrizesTotalEvents>
        <RentFacilityCostsTotalEvents>15120</RentFacilityCostsTotalEvents>
        <FoodAndBeverageTotalEvents>9780</FoodAndBeverageTotalEvents>
        <OtherDirectExpensesTotalEvents>9104</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>35417</DirectExpenseSummaryEvents>
        <NetIncomeSummary>-5411</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>Rowan University</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>201 Mullica Hill Road</AddressLine1>
          <City>Glassboro</City>
          <State>NJ</State>
          <ZIPCode>08028</ZIPCode>
        </AddressUS>
        <AmountOfCashGrant>7959356</AmountOfCashGrant>
        <PurposeOfGrant>Program Services</PurposeOfGrant>
      </RecipientTable>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Student Scholarships</TypeOfGrant>
        <NumberOfRecipients>263</NumberOfRecipients>
        <AmountOfNonCashAssistance>1053393</AmountOfNonCashAssistance>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>FinancialAid</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>Donald J Farish</NamePerson>
        <BaseCompensationFilingOrg>0</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>310866</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>38908</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>0</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>349774</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <Explanation>The Rowan University Accounting Services Office (Accounting Services) acts as the liaison in the preparation of the tax returns. Accounting Services provides all the financial information to the paid tax preparer based on the entities audited financial statements as well as the records of Rowan University's Accounting System for each of these entities. Accounting Services contacts each entities' officers and staff to obtain answers to the non-financial questions and provides this information to the paid tax preparer. Draft documents are reviewed by Accounting Services and the entities' offices or staff if needed.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15</Identifier>
        <Explanation>No compensation is paid, therefore there is no process for determining compensation.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <Explanation>All required organizational documents including articles of incorporation, by-laws, and other policies are available to the public upon request.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Rowan University</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>201 Mullica Hill Road</AddressLine1>
          <City>Glassboro</City>
          <State>NJ</State>
          <ZIPCode>08028</ZIPCode>
        </AddressUS>
        <EIN>222764819</EIN>
        <PrimaryActivities>University</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>115</ExemptCodeSection>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Rowan University Alumni Association</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>201 Mullica Hill Road</AddressLine1>
          <City>Glassboro</City>
          <State>NJ</State>
          <ZIPCode>08028</ZIPCode>
        </AddressUS>
        <EIN>237132916</EIN>
        <PrimaryActivities>Support</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>7</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>Rowan Univ</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>true</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>Rowan University</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>B</TransactionType>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>