2011-05-16T18:49:10-04:00 2010-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2009-07-01 951642394 University of Southern California UNIV 2138211900 UNIVERSITY GARDENS Los Angeles CA 900898003 Robert Abeles 2011-05-16 6175305000 2009 2016-02-24 21:20:13Z DR CHRYSOSTOMOS L NIKIAS UNIVERSITY GARDENS-UGB203 LOS ANGELES CA 900898003 3075177632 false X http://www.usc.edu X 1895 CA SEE SCHEDULE O 49 41 21999 34880667 -10747455 646816908 744379374 1782103022 2173508851 -235977200 153616697 2021920 2872661 2194964650 3074377583 333300153 332921961 0 0 1328223788 1626802665 0 0 30016000 784267737 898706031 2445791678 2858430657 -250827028 215946926 5699582214 6205984527 1600118498 1716302806 4099463716 4489681721 SEE SCHEDULE O false false 1231336706 325467061 1152480209 INSTRUCTION: 16,751 STUDENTS IN UNDERGRADUATE CLASSES: 18,073 STUDENTS IN GRADUATE AND PROFESSIONAL CLASSES: 4,259 BACHELOR DEGREES CONFERRED AND 6,191 ADVANCED AND ALL OTHER DEGREES CONFERRED IN 2009-2010. 730646000 512173037 HEALTH CARE SERVICES: The Doctors of USC are more than 500 physicians and specialists who are full-time faculty members of the Keck School of Medicine of USC. USC physicians practice at USC University Hospital, USC Norris Cancer Hospital, Doheny Eye Institute, health care centers on the Health Sciences campus and in downtown Los Angeles, and at Los Angeles County & USC Medical Center and Childrens Hospital Los Angeles. 257353000 225363222 AUXILIARY ENTERPRISES: APPROXIMATELY 34,000 STUDENTS AND 15,000 FACULTY AND STAFF ARE SERVED BY THE BOOKSTORE, DINING SERVICES, HOUSING, PARKING FACILITIES AND OTHER SERVICES THAT SUPPORT EDUCATIONAL ACTIVITIES. 333892567 283492383 2553228273 true true false true false false true true true true false true true true true false true false true false true false true true true false false false false false true false true true true true false false false true true true false false true 5276 0 true 21999 true true true true FR JA SP TW UK CH MX false false false true true false 0 false false true 49 41 true false false false false false false true true false true true true true true true true true true true 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82584846 17317017 16820634 90190190 93876864 3354870734 1322042911 1923759544 2032827823 1316336206 1446772431 965260240 1210081563 315996733 220655536 5699582214 6205984527 161663429 224057206 97519020 110580861 904708407 900214555 0 15000000 8558315 8560741 427669327 457889443 1600118498 1716302806 X 1962825021 2136747453 909153023 968630662 1227485672 1384303606 4099463716 4489681721 5699582214 6205984527 X false true true X true true X false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 703924 true true 703924 false false SCHEDULE C, PART II-B, LINE 1(G)-(I) the university of southern california'S efforts INCLUDE THE PROMOTION OF higher appropriations for student aid and basic research programs and efforts to generally further the university's MISSION OF EDUCATION AND RESEARCH AT THE LOCAL, STATE AND FEDERAL LEVEL. The University pays dues to member organizations which may lobby on its behalf. 5973823 X X X X X EDUCATION false true 122218419 14733772 7488761 129463430 false 2528445000 89512842 317498547 29509947 110447119 0 2795499323 3368932595 61771420 -765468864 28585896 108204255 0 2528445000 0.30400 0.69600 0.00000 true false 120471617 120471617 2361514883 813540591 1547974292 476634735 331062632 145572103 396249499 177439688 218809811 2032827823 HEDGE FUND/ABSOLUTE RETURN 439843736 F PRIVATE EQUITY 770237827 F 1210081563 0 FOR ANNUITIES PAYABLES 137194507 SELF INSURANCE RESERVES 102632088 FEDERAL STUDENT LOAN FUNDS 67824836 OBLIGATION 93831344 REFUNDABLE ADVANCES 41186809 OTHER LIABILITIES 15219859 457889443 Schedule D, Part III, Line 4 The University of Southern California retains multiple collections of art, historical treasures and other similar assets such as books, scripts, films and photography. These collections are protected and preserved for education, research and public exhibition purposes. Schedule D, Part IV, Line 1B The University acts as the fiscal agent for funds related to University sponsored and/or affiliated programs. The University does not own the funds associated with these programs. Schedule D, Part V, Line 4 the intent of the university's Endowment funds is to generate the revenues necessary to support the university's exempt purpoSes, including education, research and scholarships. schedule d, part x THE UNIVERSITY OF SOUTHERN CALIFORNIA DOES NOT HAVE A FIN 48 FOOTNOTE AS ANY UNCERTAIN TAX POSITIONS WERE DEEMED IMMATERIAL. true true true NON-DISCRIMINATION POLICY THE UNIVERSITY OF SOUTHERN CALIFORNIA IS AN EQUAL OPPORTUNITY EMPLOYER AND EDUCATOR. PROUDLY PLURALISTIC AND FIRMLY COMMITTED TO PROVIDING EQUAL OPPORTUNITY FOR OUTSTANDING MEN AND WOMEN OF EVERY RACE, CREED AND BACKGROUND, THE UNIVERSITY OF SOUTHERN CALIFORNIA STRIVES TO BUILD A COMMUNITY IN WHICH EACH PERSON RESPECTS THE RIGHTS OF OTHER PEOPLE TO BE PROUD OF WHO AND WHAT THEY ARE, TO LIVE, WORK AND LEARN IN PEACE AND DIGNITY, AND TO HAVE AN EQUAL OPPORTUNITY TO REALIZE THEIR FULL POTENTIAL AS INDIVIDUALS AND MEMBERS OF SOCIETY. TO THIS END, THE UNIVERSITY PLACES GREAT EMPHASIS ON THOSE VALUES AND VIRTUES THAT BIND US TOGETHER AS HUMAN BEINGS AND MEMBERS OF THE TROJAN FAMILY. THE UNIVERSITY ENTHUSIASTICALLY SUPPORTS THIS POLICY IN ITS ENTIRETY, AND EXPECTS THAT EVERY PERSON ASSOCIATED WITH THE UNIVERSITY WILL GIVE CONTINUING SUPPORT TO ITS IMPLEMENTATION. THE UNIVERSITY OF SOUTHERN CALIFORNIA IS FIRMLY COMMITTED TO COMPLYING WITH ALL APPLICABLE LAWS AND GOVER true true true true false false false false false false false false true false THE UNIVERSITY OF SOUTHERN CALIFORNIA RECEIVES FUNDING FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES IN SUPPORT OF THE UNIVERSITY'S EDUCATIONAL MISSION. true true Central America and the Caribbean Program Services STUDENT TRAVEL ABROAD Central America and the Caribbean Program Services COURSE INSTR., EXCUR. Central America and the Caribbean Investments East Asia and the Pacific 5 10 Program Services RECRUITMENT East Asia and the Pacific Program Services PARTNERSHIPS East Asia and the Pacific Program Services STUDENT OPPORTUNITIES East Asia and the Pacific 2 Program Services STAFF TRAVEL ABROAD East Asia and the Pacific Program Services STUDENT TRAVEL ABROAD East Asia and the Pacific 62 Program Services INTL EXPER. LEARNING East Asia and the Pacific 2 Program Services RESEARCH PROJECT East Asia and the Pacific Program Services UNIVERSITY CLASSES East Asia and the Pacific 1 2 Program Services COURSE INSTR., EXCUR. Europe (Including Iceland and Greenland) Program Services STUDENT TRAVEL ABROAD Europe (Including Iceland and Greenland) 4 Program Services STAFF TRAVEL ABROAD Europe (Including Iceland and Greenland) 1 Program Services RECRUITMENT Europe (Including Iceland and Greenland) 1 Program Services RESEARCH PROJECT Europe (Including Iceland and Greenland) 1 2 Program Services COURSE INSTR., EXCUR. Europe (Including Iceland and Greenland) 1 1 Program Services USC CLASSES, EXCUR. Europe (Including Iceland and Greenland) 1 1 Program Services UNIV. CLASSES, EXCUR. Europe (Including Iceland and Greenland) Program Services UNIVERSITY CLASSES Middle East and North Africa 1 Program Services STAFF TRAVEL ABROAD Middle East and North Africa Program Services STUDENT TRAVEL ABROAD Middle East and North Africa Program Services COURSE INSTR., EXCUR. Middle East and North Africa Program Services UNIVERSITY CLASSES North America 1 1 Program Services RECRUITMENT North America Program Services PARTNERSHIPS North America Program Services STUDENT OPPORTUNITIES North America 4 Program Services STAFF TRAVEL ABROAD North America Program Services STUDENT TRAVEL ABROAD North America 1 Program Services RESEARCH PROJECT Russia and the Newly Independent States Program Services STUDENT TRAVEL ABROAD Russia and the Newly Independent States 3 Program Services INTL EXPER. LEARNING South America 3 Program Services STAFF TRAVEL ABROAD South America Program Services STUDENT TRAVEL ABROAD South America 7 Program Services INTL EXPER. LEARNING South America Program Services COURSE INSTR., EXCUR. South Asia Program Services STUDENT TRAVEL ABROAD South Asia 4 Program Services INTL EXPER. LEARNING Sub-Saharan Africa Program Services STUDENT TRAVEL ABROAD Sub-Saharan Africa 1 Program Services STAFF TRAVEL ABROAD 10 113 TRAVEL AWARD Middle East/North Africa 1 1882 DEPT REIMB. 0 N/A FMV TRAVEL AWARD Europe/Iceland/Greenland 1 4000 DEPT REIMB. 0 N/A FMV TRAVEL AWARD East Asia/Pacific 1 5000 DEPT DISBUR. 0 N/A FMV TRAVEL AWARD Russia 1 2051 DEPT DISBUR. 0 N/A FMV TRAVEL AWARD Sub-Saharan Africa 1 4963 DEPT DISBUR. 0 N/A FMV SCHEDULE F, PART I, COLUMN (F) THE UNIVERSITY OF SOUTHERN CALIFORNIA DOES NOT CURRENTLY TRACK FOREIGN EXPENDITURES FOR EACH PROGRAM SEPARATELY. THEREFORE, PURSUANT TO IRS GUIDANCE, DISCLOSURE IN THIS COLUMN IS NOT REQUIRED IN THE CURRENT YEAR. SCHEDULE F, PART I, LINE 2 THE AMOUNTS REPORTED IN SCHEDULE F, PART III, COLUMN (D) REPRESENT INTERDEPARTMENT REIMBURSEMENTS TO ALLOW FOR INVITED GUESTS TO THE UNIVERSITY FROM OVERSEAS TO INTERACT WITH FACULTY AND STUDENTS IN SEMINARS, LECTURES AND MEETINGS. THE REIMBURSEMENTS ARE PROVIDED UNDER UNIVERSITY POLICY AND PROCEDURES. THE UNIVERSITY WIRES ITS OFFICE EXPENSES ON A MONTHLY BASIS. THE MONTHLY EXPENSES CONSIST OF FIXED COSTS: PAYROLL, RENT, OCCUPANCY COSTS: SUCH AS PHONE/INTERNET/FAX, CLEANING, ELECTRICITY, CONSULTANTS SUCH AS ACCOUNTANTS, BANK FEES AND NON-FIXED, SUCH AS SUPPLIES, TRAVEL, MEALS AND ENTERTAINMENT AND SOME MISCELLANEOUS COSTS. THE OFFICES SEND THEIR EXPENSE REPORTS INCLUDING BACKUP (INVOICES/RECEIPTS) TO THE UNIVERSITY ALONG WITH MONTHLY BANK STATEMENTS. ALL EXPENDITURES DOMESTIC AND INTERNATIONAL MUST COMPLY WITH OUR EXPENDITURE MANUAL AND THE UNIVERSITY'S SENIOR BUSINESS OFFICERS ARE RESPONSIBLE FOR COMPLYING WITH THESE POLICIES AND REGULATIONS. ENGAGED ARTIST 475000 475000 146442 DICKENS DINNER 471250 471250 237417 3 790538 790538 416190 1736788 1736788 800049 800049 936739 true true X true X true X true true false true false 236812 236812 0.00010 61553402 21816558 39736844 0.01390 61790214 21816558 39973656 0.01400 277610 277610 0.00010 15163277 2723429 12439848 0.00440 236547585 236547585 0.08300 297125 297125 0.00010 252285597 2723429 249562168 0.08760 314075811 24539987 289535824 0.10160 true 1736782 0 131307151 186983978 -55676827 X true true NA USC UNIVERSITY HOSPITAL

1500 SAN PABLO STREET LOS ANGELES CA 90089

X X X X USC NORRIS CANCER HOSPITAL

1441 EASTLAKE AVENUE LOS ANGELES CA 90089

X X X X The discount amount is based on family income compared to the Federal Poverty Level ("FPL") for the current year. Patients with family income under 200% FPL will be eligible for free care for the dates of service for which an application is completed. Uninsured or under-insured patients with family income between 201% and 350% FPL will be eligible for care at a sliding scale discount. Uninsured patients whose family income exceeds 350% of the FPL will receive the Compact discounted rate. Both USC University Hospital and USC Norris Cancer Hospital prepare an annual community benefit report. The amounts reported in the table were calculated using discrete costing for Health Professions Education based on the medicare cost reports following the Form 990, Schedule H instructions, addressing all patient segments. The total percentage of charity care and certain other community benefits at cost on Line 7 was calculated for FY10 on a University-wide basis as per the Form 990 instructions requires. N/A The amount of bad debt subtracted for purposes of calculating the percentage in Line 7, column F was $6,944,397. Net patient service revenue is reported at estimated net realizable amounts from patients, third party payors, government programs and others in the period in which services are provided. The majority of the Hospitals' services are rendered to patients with commercial or managed care insurance, or under the federal Medicare and California State Medi-Cal programs. Reimbursement from these various payors is based on a combination of prospectively determined rates, discounts from charges and historical costs. Amounts received under the Medicare program are subject to retroactive settlements based on review and final determination by program intermediaries or their agents. Provisions for contractual adjustments and retroactive settlements related to these payors are accrued on an estimated basis in the period the related services are rendered and adjusted in future periods as additional information becomes known or as final settlements are determined. The allowance for doubtful accounts is based upon management's assessment of historical and expected net collections considering historical business and economic conditions, trends in health care coverage, and other collection indicators. Periodically throughout the year management assesses the adequacy of the allowance for doubtful accounts based upon historical write-off experience by payor category. The results of this review are then used to make any modifications to the allowance for doubtful accounts. The bad debt expense (at cost) reported in Part III, line 2 was calculated using worksheet A of the schedule H instructions by applying the ratio of patient care cost to charges against bad debt. The determination of charity care generally should be made at the time of admission, or shortly thereafter. However, events after discharge may change the ability of the patient to pay. Designation as Charity Care will only be considered after all payment sources have been exhausted. Hospital charges for patient accounts identified as Charity Care at the time of admission or service are not recognized by the facility as net revenues or net receivables. If patient accounts are identified as Charity Care subsequent to the facility recognizing the charges as revenue, an adjustment is required to classify appropriately the revenue and any bad debt expense previously recorded. The Medicare shortfall of ($55,676,827) reported in Part III, Line 7 should be treated as community benefit because the rates paid by Medicare do not accurately reflect the cost of care provided by the Hospitals. Accordingly, the Hospital must subsidize the cost of care provided to Medicare Beneficiaries with other revenues. As part of its mission, the Hospitals provide services and a broad array of benefits to the community. The Hospitals' patient acceptance policy is based on its mission statement and its community services responsibilities. Accordingly, The Hospitals accept patients in immediate need of care, regardless of their ability to pay. The Hospitals do not pursue collection of amounts determined to qualify as charity care based on established policies of the Hospitals. These policies define charity services as those services for which no payment is due for all or a portion of the patient's bill from the patient. See also Part III, Line 4. N/A In FY2010, USC University Hospital and USC Norris Cancer Hospital undertook a community health needs assessment as required by California law (SB 697). As well, the recent passage of the Patient Protection and Affordable Care Act requires tax exempt hospitals to conduct needs assessments and develop community benefit plans every three years. With the transition of Hospital ownership from Tenet Healthcare Corporation in 2009, this is the Hospitals' initial community health needs assessment. The assessment incorporates components of primary data collection and secondary data analysis that focus on the health and social needs of the service area. Targeted interviews were used to gather information and opinions from persons who represent the broad interests of the community served by the Hospitals. For the interviews, community stakeholders, identified by the Hospitals, were contacted and asked to participate in the needs assessment. Thirty interviews were completed for the Community Health Needs Assessment from September - November, 2010. Secondary data were collected from a variety of county and state sources to present a community profile, birth and death characteristics, access to health care, chronic diseases, and social issues. The hospitals inform and educate their patients regarding eligibility for assistance under various programs and its charity care policy through the use of posters located in admitting areas which are available in both English and Spanish. The staff at the hospitals also is open to answering patients' questions in the area of financial assistance. USC University Hospital USC University Hospital is located east of downtown Los Angeles on USC's Health Sciences Campus. The Hospital draws patients regionally from Southern California, with a primary service area of Los Angeles County, California. 68% of the Hospitals' patients originate from L.A. County, Within L.A. County, 22% of the Hospitals' patients are from SPA 3, San Gabriel Valley; 11% are from SPA 2, San Fernando Valley; 10% from SPA 7, East; 9% from SPA 4, L.A. Metro; and 8% from SPA 8, South Bay. USC Norris Cancer Hospital USC Norris Cancer Hospital also is located east of downtown Los Angeles on USC's Health Sciences Campus. As a result of its ground breaking work in cancer research and treatment, the Hospital draws patients from throughout the state, nationally and internationally. For the purpose of the needs assessment the primary service area has been identified as Los Angeles County, California. The population for Los Angeles County, the two Hospitals' primary service area, is estimated at 10,441,080 in 2010, an increase of 0.8% from 2009. For the last five years, the rate of population growth in L.A. County has slowed when compared to the rate of growth in the State. USC University Hospital and USC Norris Cancer Hospital are located in the El Sereno/Highland Park/Lincoln Heights Medically Underserved Area. Children and youth, ages 0-19 make up 29.2% of the population; 59.8% are 20-64 years of age; and 11% of the population are seniors, 65 years of age and older. The area has higher percentages of children than found in the State. Most notably, L.A. County has a greater percentage of teens, ages 15-19 (8.3%) than in the State (7.8%). The population of the service area consists primarily of Hispanic or Latino (48.3%) and White (27.7%) race and ethnicity. Asians comprise 13.3% of the population, and African Americans/Blacks are 8.3% of the population. The area has a larger percentage of Latinos, African Americans/Blacks, and Asians, and a smaller percentage of Whites when compared to the State. Among the population in L.A. County, 32.8% are foreign born. Of the foreign born, 62.1% are from Latin American countries and 29.6% are from Asian countries. Income Levels Per capita income in L.A. County in 2008 was $42,265. While income did grow from 2007 to 2008, the rate of growth has slowed. Per capita income in the County is $1,587 less than the per capita income in the State. Unemployment From 2000 to 2007, unemployment in L.A. County has held relatively steady. With the economic downturn unemployment in L.A. County has more than doubled since 2007. L.A. County's unemployment rate in 2009 was 11.6%, which is slightly higher than the State's unemployment rate of 11.4%. Poverty Poverty thresholds are used for calculating all official poverty population statistics. They are updated each year by the Census Bureau. For 2000, the federal poverty threshold for one person was $8,794 and for a family of four $17,603. The poverty rates paint an important picture of the population within the Hospital's primary service area. Poverty rates show 17.9% of the population living at or below 100% of the Federal Poverty Level (FPL) and 39.9% at 200% of FPL. The rates of poverty are higher in L.A. County than in the State. Housing and Households Most of the housing in the service area consists of single family dwellings (55.2%). However, 43.2% of the housing units are multiple family dwellings, a percentage that is higher than the State (31.3%). Language In the overall Hospital service area, a language other than English is spoken in over half the homes (54.1%). Spanish is spoken in 37.9% of the homes; this is greater than the number of Spanish speaking households in the State (25.8%). Education Of the population age 18 and over in L.A. County, 30.6% has less than a high school education and only 19.7% has graduated high school; which equates to half the population (50.3%) with less than college level education. When compared to the State, L.A. County residents have lower rates of college attainment at all levels. Lack of education is a critical marker of at-risk populations. Low educational attainment negatively impacts on employment and income, resulting in increased levels of poverty. These factors also directly contribute to high rates of disease and poor health outcomes. See "Other Information" below Financial and In Kind Donations Contributions to nonprofit community organizations and charity events were made to: -American Heart Association, Los Angeles Region -Arroyo Vista Family Health Center -Camp Laurel Foundation -Expedition Inspiration Fund -Lorraine Pepper Memorial Fund -Pancreatic Cancer Action Network -Partnered for Progress -Project Angel Food -Prostate Forum of Orange County -Southern California Cancer Pain Initiative -Southern California Society of Health System Pharmacists -Stennis Family Foundation -St. Vincent Meals on Wheels -Union Rescue Mission -Wellness Community - Foothills -WeSPARK -Educational sessions are open to the community, free of charge. Sessions included: Yoga for those with cancer, Look Good Feel Better, Bladder Cancer, Esophageal and Gastric Cancer, For Men Only, Prostate Cancer Forum. -Support group sessions were dedicated to serving those dealing with bladder cancer, J-Pouch, colorectal cancer, and a prostate support group for wives. Printed educational materials on a variety of cancer prevention and treatment topics were made available to patients, families, community groups and the public, for no charge. -The Jennifer Diamond Cancer Resource Library is the main cancer information resource center for USC Norris Cancer Hospital. It is open to cancer patients and their families, staff, cancer patients at the LAC+USC Medical Center, and the public. Opened in June 2008, there have been over 1,000 visitors to the library. Volunteers and interns staff the Library. -Patient Education and Community Outreach Center (PEOC) was established by the USC Norris Comprehensive Cancer Center (NCCC) in June 2008 to coordinate and facilitate community outreach efforts regionally and in NCCC's catchment area. The Cancer Information Service (CIS) Partnership Program Office was housed in this center, including the Jennifer Diamond Cancer Resource Library and training and meetings facilities open to the community. In January 2010, when the CIS program ended, NCCC continued to support one CIS/NCI trained, qualified full-time outreach staff, Zul Surani and salary support for the supervising Principal Investigator, Dr. Lourdes Baezconde-Garbanati to further develop and sustain outreach efforts in NCCC's catchment area. More recently, we have expanded our community education efforts by adding TEAM Lab (Tobacco Education and Materials Laboratory), which uses proven methods to develop culturally appropriate, tailored tools and resources to change health behaviors. Support group sessions were dedicated to serving those dealing with bladder, breast, lung, colorectal and prostate cancers. Other educational sessions were made available to patients with any type of cancer and other types of illness. For calendar 2010, 241 support groups/programs were supported. The Lorraine Pepper Memorial Fund was established to help support social services at the USC/Norris Cancer Center. Specific programs offered to cancer patients that were funded by this fund include Yoga for Cancer Survivors. The 20th annual Festival of Life celebration was held on June 5, 2010. Hosted by USC Norris Cancer Hospital, the festival is celebration held for cancer survivors and their families that includes inspirational speakers, testimonials and other events. USC Norris Cancer Hospital provides social workers to the American Cancer Society on a regular basis to assist with training needs and the support to update training materials. USC Norris Cancer Hospital provided a professional training seminar for 65 social workers in the Southern California region focused on the special and unique psychosocial needs of cancer patients. USC Norris Cancer Hospital provides patient education literature, brochures and newsletters related to cancer prevention, detection, treatment and research. Additionally, the hospital funds the Cancer Help Institute which provides touch screen technology and access to patient education and literature in English and Spanish for patients and families. Finally, the hospital also provides some resources and support for the Jennifer Diamond Cancer Resource Library, an online library open to the public located in the Norris Cancer Center. The mission of Arroyo Vista Family Health Center is to respond to the current and future health needs of the greater Northeast Los Angeles area by providing access to a range of high quality, affordable health services in a financially responsible manner. Camp Laurel's mission is to provide educational and support programs to children, youth and families affected by or living with HIV/AIDS. Their programs strive to improve the overall mental and physical health and welfare of children and youth affected by HIV/AIDS by reshaping their actions and ultimately the communities in which they live. This is done through the creation of programs that teach them the necessary life skills to overcome the adversity of AIDS and eliminate the social conditions that lead to many of their at-risk behaviors and economic and societal disparities. Our goal is to build a successful life path for the children and youth and create an overall healthy community amongst the youngest of those affected by HIV/AIDS. The purpose of The Expedition Inspiration Fund for Breast Cancer Research is to raise awareness and monies to benefit breast cancer research through research project funding, public education, and patient support. Additionally, through organized and sponsored outdoor endeavors, Expedition Inspiration promotes the physical and mental well being of breast cancer survivors. Since its inception in 1993, Expedition Inspiration has been instrumental in calling attention to the breast cancer epidemic and the urgent need to find a cure For 25 years, PADRES Contra El Cancer has been dedicated to improving the lives of Latino children with cancer and their families. As the only organization of its kind operating within the United States, PADRES brings together children, families, healthcare professionals and community leaders to promote a comprehensive understanding of childhood cancer and other blood disorders as well as effective methods for treatment. Though programs, activities and services are primarily oriented to the Latino community, PADRES serves childhood cancer patients from all races and ethnic origins. Project Angel Food's mission is to nourish the body and spirit of men, women and children affected by HIV/AIDS, cancer, and other life-threatening illnesses. Project Angel Food services are free of charge to clients. Meals on Wheels, operated by the St. Vincent Foundation, utilized its grant to expand its Special Meal program to address the particular needs of those with chronic or disabling health challenges, as well as personal food preferences. Without this service, the vast majority of clients requiring special nutritional support would frequently go hungry, and would not receive the vitamins, minerals, and calories necessary for good health and/or the recuperative process. This private foundation utilized USC Norris Cancer Hospital's grant to support its educational outreach to African-American individuals and families regarding colon and rectal cancer prevention. As African-Americans are at high risk for dying from colorectal cancer due to late diagnosis, the Foundation focuses its educational outreach on the importance of screening, the signs and symptoms of the disease, lifestyle and diet factors, and effective treatment options. The Union Rescue Mission (URM) provides a comprehensive array of emergency and long-term services to its guests, including: food, shelter, clothing, medical and dental care, recovery programs, transitional housing, legal assistance, education, counseling, and job training to needy men, women, children and families. USC Neighborhood Outreach (UNO) was created to enhance the quality of life in the neighborhoods surrounding the University Park and Health Sciences campuses through mutually beneficial university-community partnerships. This year, UNO's priorities are to: 1) improve health outcomes particularly in the area of obesity and diabetes, 2) improve educational outcomes particularly for K-12 children, and 3) support job creation including training and small business development. The award is being used to provide services ranging from career path opportunities in Allied Health occupations for local area underrepresented high school students, to healthy eating and family fitness programs that address obesity and diabetes, to education programs targeting critical impact areas including key student transitions along the education pipeline, reading literacy by second grade, and algebra readiness in eighth grade. Programs will serve the children and families at 15 local elementary, middle, and high schools. The organization sponsors numerous outreach programs throughout the local community, including health fairs, free health screenings and flu shots, educational booths and speaker series that are free and open to the public. In addition, the physician faculty of the Keck School of Medicine provide health care services to indigent patients of the County of Los Angeles through a contractual relationship with the County. These patients are offered access to a wide variety of treatments through clinical trials that they normally would not access absent the relationship between the County and USC. CA true STUDENT FINANCIAL AID 17657 332904065 N/A N/A SCHEDULE I PART I, LINE 2 THE UNIVERSITY OF SOUTHERN CALIFORNIA ADMINISTERS ONE OF THE NATION'S LARGEST FINANCIAL AID PROGRAMS THROUGH ITS FINANCIAL AID OFFICE, AWARDING $332 MILLION IN AID TO MORE THAN 69 PERCENT OF OUR UNDERGRADUATE STUDENTS. WE WILL MEET THE FULL USC-DETERMINED FINANCIAL NEED OF ALL ADMITTED UNDERGRADUATE STUDENTS WHO MEET ALL FEDERAL, STATE AND UNIVERSITY ELIGIBILITY REQUIREMENTS AND DEADLINES. STUDENTS AND THEIR PARENTS ARE REQUIRED TO SUBMIT ALL APPLICATIONS AND SUPPORT DOCUMENTS, MEETING ALL DEADLINES, IN ORDER TO MAKE THEIR CLAIM FOR FINANCIAL ASSISTANCE AND TO BE CONSIDERED FOR FINANCIAL AID. PART III, COLUMN(C) THE CASH GRANT IS REFLECTED ON STUDENT ACCOUNTS. X X X X X false true X X X X X true true false false false false false true false STEVEN B SAMPLE 880719 0 0 0 157639 0 231200 0 125620 0 1395178 0 0 0 CHRYSOSTOMOS L NIKIAS 625474 0 50000 0 118356 0 24500 0 60007 0 878337 0 0 0 DENNIS F DOUGHERTY 0 0 0 0 529242 0 0 0 907 0 530149 0 0 0 TODD R DICKEY 399718 0 97000 0 61594 0 24500 0 8111 0 590923 0 0 0 ALAN KREDITOR 368276 0 0 0 33111 0 24500 0 15055 0 440942 0 0 0 MARTHA HARRIS 313373 0 53000 0 87233 0 24500 0 62783 0 540889 0 0 0 RUTH WERNIG 358338 0 270000 0 69368 0 24500 0 8491 0 730697 0 0 0 CAROL MAUCH AMIR 325655 0 50000 0 38774 0 24500 0 19013 0 457942 0 0 0 ROBERT ABELES 494965 0 50000 0 13152 0 24500 0 13882 0 596499 0 0 0 CARMEN A PULIAFITO MD 714706 0 110000 0 282847 0 24500 0 19944 0 1151997 0 0 0 HOWARD A GILLMAN 304489 0 45000 0 29100 0 24500 0 34460 0 437549 0 0 0 JAMES G ELLIS 426717 0 42000 0 22900 0 24500 0 36478 0 552595 0 0 0 YANNIS YORTSOS 306594 0 46000 0 11772 0 24500 0 100756 0 489622 0 0 0 PETER CARROLL 3466924 0 200000 0 386794 0 24500 0 28226 0 4106444 0 0 0 VAUGHN ALDEN STARNES MD 1541717 0 200000 0 150500 0 24500 0 18532 0 1935249 0 0 0 INDERBIR SINGH GILL MD 998121 0 0 0 60625 0 23333 0 12151 0 1094230 0 0 0 MICHAEL LOCKETT GARRETT 575624 0 400000 0 122616 0 24500 0 19526 0 1142266 0 0 0 HENRI R FORD MD 858197 0 0 0 53800 0 24500 0 17726 0 954223 0 0 0 MITCHELL R CREEM 577314 0 100000 0 61224 0 24500 0 21836 0 784874 0 0 0 Schedule J, Part I LINE 1A AND LINE 1B: FIRST-CLASS TRAVEL: THE UNIVERSITY OF SOUTHERN CALIFORNIA REQUIRES THAT ECONOMY-CLASS (COACH) TRAVEL BE UTILIZED FOR UNIVERSITY BUSINESS. FIRST AND BUSINESS CLASS AIR TRAVEL IS ONLY ALLOWED WHEN THERE IS ADVANCE WRITTEN APPROVAL OBTAINED FROM A SENIOR VICE PRESIDENT OR THE PRESIDENT, WHEN IT IS NECESSARY FOR MEDICAL REASONS, OR WHERE COACH CLASS IS UNAVAILABLE. THERE IS NO VALUE INCLUDED IN THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME AS ONLY BUSINESS TRAVEL EXPENSES ARE PAID. CHARTER TRAVEL: THE UNIVERSITY OF SOUTHERN CALIFORNIA UTILIZES CHARTER TRAVEL ON OCCASION FOR ATHLETIC TEAM EVENTS FOR CERTAIN INDIVIDUALS AS PART OF THEIR RESPONSIBILITies AS EMPLOYEES OF THE UNIVERSITY OF SOUTHERN CALIFORNIA. THERE IS NO VALUE INCLUDED IN THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME AS ONLY BUSINESS TRAVEL EXPENSES ARE PAID. TRAVEL FOR COMPANIONS: NONBUSINESS TRAVEL: THE UNIVERSITY OF SOUTHERN CALIFORNIA'S WRITTEN POLICY is NOT TO PAY OR REIMBURSE FOR COMPANION TRAVEL. EXCEPTIONS REQUIRE ADVANCE, WRITTEN APPROVAL FROM A SENIOR VICE PRESIDENT OR THE PRESIDENT AND THE EXPENSE IS REPORTED ON THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME. BUSINESS TRAVEL: THE UNIVERSITY OF SOUTHERN CALIFORNIA ALLOWS COMPANION TRAVEL WHEN THERE IS A BUSINESS PURPOSE. THE AMOUNT IS NOT REPORTED ON THE EMPLOYEE's FORM W-2 AS TAXABLE INCOME AS ONLY BUSINESS TRAVEL EXPENSES ARE PAID. HOUSING ALLOWANCE: HOUSING ALLOWANCES ARE GRANTED ONLY WHEN SUCH AN ALLOWANCE IS SPECIFICALLY STATED IN AN EMPLOYMENT CONTRACT. THE ALLOWANCE IS included in THE INDIVIDUAL'S TAXABLE COMPENSATION ON FORM W-2. RESIDENCE FOR PERSONAL USE: LODGING PROVIDED IN THE PRESIDENT'S HOME TO DR. SAMPLE IS NOT REPORTED ON HIS FORM W-2 AS TAXABLE INCOME AS HE IS REQUIRED TO ACCEPT SUCH LODGING as A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: PAYMENT TO OR REIMBURSEMENT FOR AN INDIVIDUAL'S MEMBERSHIP IN, OR DUES TO, A PRIVATE CLUB FOR BUSINESS PURPOSES IS MADE AVAILABLE IN EMPLOYMENT CONTRACTS AND REQUIRES THE APPROVAL OF THE APPLICABLE SENIOR VICE PRESIDENT Or THE PRESIDENT. THE VALUE OF MEMBERSHIPS PROVIDED FOR BUSINESS PURPOSES IS NOT INCLUDED IN AN INDIVIDUAL'S W-2 AS TAXABLE INCOME. ANY PERSONAL USE OF THESE MEMBERSHIPS IS PAID FOR BY THE INDIVIDUAL. PERSONAL SERVICES: CERTAIN INDIVIDUALS received financial planning services. Such services ARE MADE AVAILABLE IN EMPLOYMENT CONTRACTS and the value of the services, IF USED, was included in the INDIVIDUALS' Form W-2 as taxable income. President Sample received certain personal benefits, including administrative support such as bookkeeping, AND COORDINATION OF TRAVEL. Such services were approved AS PART OF HIS EMPLOYMENT CONTRACT and the value of tAXABLE services were included in DR. SAMPLE'S Form W-2 as taxable income. LINE 4a: DENNIS F. DOUGHERTY RECEIVED SEVERANCE PAYMENTS FROM USC DURING 2009 IN THE AMOUNT OF $521,093, PURSUANT TO THE TERMS OF A SEVERANCE PAY PLAN THAT AFFORDED MR. DOUGHERTY UP TO 24 MONTHS OF CONTINUED SALARY PAYMENTS FOLLOWING HIS TERMINATION OF EMPLOYMENT. Line 4b: Steven B. Sample is entitled to receive retirement benefits under a supplemental executive retirement plan ("SERP"), payable in three annual installments. The promised SERP benefit was calculated as the amount which, when added to benefits available from other university retirement plans, is projected to generate the actuarial equivalent of a pre-tax, lifetime pension equal to approximately 60% of DR. Sample's final THREE-YEAR average ANNUAL salary as president, based on various assumptions and projections, and subject to A risk of forfeiture related to the performance of future services. $140,000 of the SERP benefit accrued during 2009. In addition, Dr. Sample is entitled to receive a post-retirement housing allowance, subject to a substantial risk of forfeiture related to the performance of future services, $66,700 of which accrued during 2009. Both amounts are included in Schedule J, Part II, Column (C). Line 4B: 457(f) USC has a section 457(f) supplemental retirement plan to provide make-up benefits to employees whose compensation exceeds THE earnings limitation for contributions to the USC Defined Contribution Retirement Plan. THE 457(F) PLAN DOES NOT PROVIDE FOR THE DEFERRAL OF COMPENSATION. THE FOLLOWING INDIVIDUALS HAD THE FOLLOWING AMOUNTS INCLUDED IN THEIR COMPENSATION FOR THIS PLAN. -STEVEN B. SAMPLE - $66,500 -ROBERT ABELES - $5,500 -CHRYSOSTOMOS L. NIKIAS - $45,500 -TODD R. DICKEY - $27,300 -MARTHA HARRIS - $14,400 -RUTH WERNIG - $40,500 -CAROL MAUCH AMIR - $15,500 -MITCHELL R. CREEM - $44,250 -CARMEN A. PULIAFITO, M.D. - $60,450 -HOWARD A. GILLMAN - $12,600 -JAMES G. ELLIS - $22,900 -YANNIS YORTSOS - $11,772 -PETER CARROLL - $345,500 -VAUGHN ALDEN STARNES, MD - $150,500 -HENRI R. FORD, MD - $37,300 -MICHAEL LOCKETT GARRETT - $75,500 -ALAN KREDITOR - $14,600 Schedule J, PART I, LINE 7: CERTAIN INDIVIDUALS LISTED ON PART I OF SCHEDULE J-1 RECEIVED A BONUS OR OTHER FORM OF NON-FIXED PAYMENT IN RECOGNITION OF EXCELLENT JOB PERFORMANCE. THEIR NAMES AND THE AMOUNT OF SUCH BONUSES ARE SHOWN ON SCHEDULE J, PART I. FORM 990, PART VII, LINE 5: THE UNIVERSITY OF SOUTHERN CALIFORNIA MADE PAYMENTS OF $500,000 TO COMPETE, INC., AN UNRELATED ORGANIZATION, FOR SERVICES PERFORMED BY PETER CARROLL. THIS AMOUNT WAS NOT INCLUDED IN THE AMOUNTS REPORTED IN SCHEDULE J. CEFA - Series 2003A and 2003C 521705592 130175YD8 2003-03-20 202171000 CONSTRUCTION false false CEFA - Series 2003B 521705592 130175YS5 2003-07-08 13957853 REFINANCING SERIES 1993 AND 1993B false false CEFA - Series 2005 521705592 1301757U0 2005-08-03 69564157 REFINANCING SERIES 1997A AND 1997C false false CEFA - Series 2007A 521705592 130178HC3 2007-05-24 266125246 CONST. & REFIN. SERIES 2003A & C false false CEFA - Series 2009A 521705592 130178RW8 2009-01-15 216627251 CONSTRUCTION false false 50000000 0 0 0 0 0 0 2007 false false true true 6690000 0 0 0 0 0 0 true false true true 66545000 0 0 0 641455 0 0 true false true true 261895000 0 200000000 0 1702833 0 109503346 2010 true true true true 217605000 0 0 42237305 1627251 0 174607192 false false false true false false false true true 0.00410 0.00000 0.00410 true false false false false true true false false false false true true false true false true true 0.01140 0.00540 0.01680 true false true false false true 0.02100 0.00000 0.02100 true true true false false true false true true false false true false false false false false false false false false false false false false false false false false false false CARMEN PULIAFITO MD HOUSING LOAN X 800000 748389 false false true CARMEN PULIAFITO MD HOUSING LOAN X 1200000 800000 false false true PETER CARROLL HOUSING LOAN X 300000 300000 false false true TAMARA H GUSTAVSON LOAN X 15000000 15000000 false false true 16848389 KATHRYN SAMPLE SPOUSE OF PRESIDENT 113425 USC EMPLOYEE false CAROL DOUGHERTY SPOUSE OF FRmr SR vp/cfo 260219 usc employee false MAUREEN DOUGHERTY DGHTER-IN-LAW OF FRMR OFF 152325 USC EMPLOYEE false ADAM DUNCAN SON-IN-LAW OF TRUSTEE 233452 USC EMPLOYEE false JANET PINE SPOUSE OF KEY EMPLOYEE 110000 USC EMPLOYEE false TUTOR-SALIBA CORPORATION TRUSTEE IS CEO 48127420 CONSTRUCTION SVCS false AIG TRUSTEE ON BOARD 1103503 INSURANCE false BANK OF AMERICA TRUSTEE ON BOARD 784017 BANKING FEES false WESTERN ASSET FUNDS TRUSTEE IS CHAIRMAN 212503 INVESTMENT FEES false SEQUOIA CAPITAL TRUSTEE IS GENERAL PTR 3765500 LP CAPITAL CONTRIBUTION false X 96386 appraised value X 1 3700 selling price X 256 17565411 high-low average X 2 11710883 appraised value X 2 2617500 appraised value X 2 2310294 appraised value X EQUIPMENT 3 268487 FMV 13 false true true SCHEDULE M, PART I, COLUMN(B) THE ORGANIZATION IS REPORTING THE NUMBER OF ITEMS RECEIVED. SCHEDULE M, PART I, LINE 32(A) The University of Southern California utilizes brokerage firms to sell securities that the University receives as gifts and the proceeds are remitted back to the University. Form 990, PART 1, LINE 1 and Part III, Line 1 The central mission of the University of Southern California is the development of human beings and society as a whole through the cultivation and enrichment of the human mind and spirit. The principal means by which our mission is accomplished are teaching, research, artistic creation, professional practice and selected forms of public service. Our first priority as faculty and staff is the education of our students, from freshmen to postdoctorals, through a broad array of academic, professional, extracurricular and athletic programs of the first rank. The integration of liberal and professional learning is one of USC's special strengths. We strive constantly for excellence in teaching knowledge and skills to our students, while at the same time helping them to acquire wisdom and insight, love of truth and beauty, moral discernment, understanding of self, and respect and appreciation for others. Research of the highest quality by our faculty and students is fundamental to our mission. USC is one of a very small number of premier academic institutions in which research and teaching are inextricably intertwined, and on which the nation depends for a steady stream of new knowledge, art and technology. Our faculty are not simply teachers of the works of others, but active contributors to what is taught, thought and practiced throughout the world. USC is pluralistic, welcoming outstanding men and women of every race, creed and background. We are a global institution in a global center, attracting more international students over the years than any other American university. And we are private, unfettered by political control, strongly committed to academic freedom, and proud of our entrepreneurial heritage. An extraordinary closeness and willingness to help one another are evident among USC students, alumni, faculty, and staff; indeed, for those within its compass the Trojan Family is a genuinely supportive community. Alumni, trustees, volunteers and friends of USC are essential to this family tradition, providing generous financial support, participating in university governance, and assisting students at every turn. In our surrounding neighborhoods and around the globe, USC provides public leadership and public service in such diverse fields as health care, economic development, social welfare, scientific research, public policy and the arts. We also serve the public interest by being the largest private employer in the city of Los Angeles, as well as the city's largest export industry in the private sector. USC has played a major role in the development of Southern California for more than a century, and plays an increasingly important role in the development of the nation and the world. We expect to continue to play these roles for many centuries to come. Thus our planning, commitments and fiscal policies are directed toward building quality and excellence in the long term. FORM 990, PART 1, LINE 6 THE UNIVERSITY OF SOUTHERN CALIFORNIA HAS MANY VOLUNTEERS INCLUDING TRUSTEES, BUT DOES NOT FORMALLY TRACK THIS POPULATION. FORM 990, Part iii, Line 4D OTHER PROGRAM SERVICES SPONSORED RESEARCH: THE MAJOR RESEARCH IS IN MEDICINE, ENGINEERING AND THE SCIENCES. THE INSTITUTION HAS 471 CONTRACTS/GRANTS AWARDED BY THE FEDERAL GOVERNMENT AND 499 AWARDED IN 2009-2010 BY PRIVATE CORPORATIONS, FOUNDATIONS, OR STATE AND LOCAL GOVERNMENTS FOR BASIC RESEARCH. FORM 990, PART VI, LINE 2 CERTAIN OFFICERS, TRUSTEES AND KEY EMPLOYEES OF USC SIT ON THE BOARDS OF THE FOLLOWING USC AFFILIATES: USC REAL ESTATE DEVELOPMENT CORPORATION: TODD R DICKEY JOHN KUSMIERSKY DANIEL D LANE WILLIAM E B SIART CAROL MAUCH AMIR RUTH WERNIG MAY ROBERTS DEWRIGHT TRUST: CARMEN A PULIAFITO, MD ROBERT ABELES EDWARD P ROSKI JR USC Trustee John Mork and USC Trustee Jerry Neely HAVE A BUSINESS RELATIONSHIP. USC Trustee David Lee AND USC Trustee Monica Lozano HAVE A BUSINESS RELATIONSHIP. USC Trustee Kenneth Klein AND USC Trustee Mark Stevens HAVE A BUSINESS RELATIONSHIP. USC PROVOST AND EXECUTIVE VICE PRESIDENT CHRYSOSTOMOS L NIKIAS AND USC TRUSTEE RONALD TUTOR HAVE A BUSINESS RELATIONSHIP. THIS BUSINESS RELATIONSHIP LASTED ONLY FOR ONE YEAR FROM SEPTEMBER 2008 TO SEPTEMBER 2009. USC PRESIDENT/TRUSTEE STEVEN SAMPLE AND USC TRUSTEE LYDIA KENNARD HAVE A BUSINESS RELATIONSHIP. USC PRESIDENT/TRUSTEE STEVEN SAMPLE AND USC DEAN JAMES ELLIS HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Line 11(A) The University of Southern California's Form 990 is reviewed at several levels. The University engages an external public accounting firm to assist in the preparation and review of its Form 990 and who signs as paid preparer. Among those who conduct the review of the final Form 990 at the University include MANAGEMENT, external counsel and the AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. The review of Form 990 is conducted prior to it being filed and A FINAL COPY OF THE FORM 990 IS provided to each member of the governing board before it is filed. Form 990, Part VI, Line 12 THE UNIVERSITY MAINTAINS A CONFLICT OF INTEREST AND ETHICS POLICY AND PROCEDURE WHICH COVERS ALL FACULTY MEMBERS (INCLUDING PART-TIME AND VISITING FACULTY), NON-FACULTY AND OTHER EMPLOYEES (SUCH AS POSTDOCTORAL SCHOLARS), AND STUDENTS (INCLUDING POSTDOCTORAL FELLOWS AND GRADUATE STUDENTS) EMPLOYED OR OTHERWISE ENGAGED BY THE UNIVERSITY. Pursuant to the policy, conflicts are managed after appropriate DISCLOSURE AND evaluation. Pursuant to the policy, conflicts are managed after appropriate DISCLOSURE AND evaluation. In addition to the procedure set forth in the University's conflict of interest AND ETHICS policy and procedure, Purchasing Services also may identify actual or potential conflicts of interest or commitment in the course of performing their duties. In the event that Purchasing Services identifies a situation that is or appears to be a conflict of interest or commitment, they are required to request that a disclosure be made under this policy and will coordinate with the relevant department, unit or school to address and manage the conflict. Depending upon the potential magnitude of the issue, Purchasing Services also may refer the issue to the Senior Vice President for Administration or his or her designee, for resolution. Purchasing Services may suspend any further action on the request that initiated the disclosure until such time as the conflict is managed. In addition to the procedures set forth above, a University faculty member or non-faculty employee is required to obtain the prior written approval from the Provost and Senior Vice President for Academic Affairs or Senior Vice President for Administration before he or she may endorse or authorize endorsement of any product or service on behalf of the University. Assistance in managing potential conflicts of interest for non-faculty employees is available from the Manager of Personnel Services, Policies and Procedures on the University Park campus; or, for non-faculty employees on the Health Sciences campus, the Director of Personnel Services. For faculty, assistance is available from the Vice Provost for Faculty Affairs. The Office of the General Counsel or the Office of Compliance also may be consulted for assistance. Failure to disclose and manage actual or potential conflicts of interest under this policy, including the expectations detailed above about what an individual should or should not do, may be cause for disciplinary action, which may result in termination. For faculty, such action shall observe all provisions of the policies published in the Faculty Handbook. Any disciplinary action against a faculty member or non-faculty employee under this policy must take into account the scale of the offense, the individual's intent, and the degree of wrongdoing. The University also maintains a conflict of interest policy for Members of the Board of Trustees. In general, the POLICY requireS that a Trustee must avoid using his or her position for personal gain or advantage, or to obtain a favored status for any special group, business or family entity with which the Trustee is affiliated. The policy applies to all voting members of the Board of Trustees. A Trustee will continue to be subject to the policy for five years after leaving the Board. If a Trustee becomes aware of a financial interest that may be material, he or she is required to immediately disclose that financial interest to the Chairman of the Board. Such disclosure is in addition to the required annual disclosures. - After conducting a reasonable investigation under the circumstances, which should include an analysis of comparable arrangements or transactions or the receipt of an opinion from an expert in the relevant field, the Board should determine in good faith whether USC could obtain a more advantageous financial arrangement or transaction with reasonable efforts from a person or entity that would not give rise to a conflict of interest. - In addition, the Board should determine by a majority vote of the disinterested members, with knowledge of the material facts concerning the financial arrangement or transaction and the Trustee's financial interest in the arrangement or transaction, whether the arrangement or transaction is in USC's best interest, for its own benefit and is fair and reasonable to USC. The Board should make its decision as to whether to enter into the arrangement or transaction in conformity with such determination. - Should the Board approve the financial arrangement or transaction in question, the Trustee who has a conflict of interest will be required to act in good faith and with fairness, and to refrain from exerting undue pressure or influence. In the Board's discretion, it may also require such Trustee to be subject to the oversight of a disinterested Trustee. Form 990, Part VI, Line 15 The compensation of the University's President and other high-level officers is determined using the safe harbor process described in Treasury Regulation section 53.4958-6. Namely, a committee of the University's Board of Trustees takes the following three steps: (1) it ensures that no member of the committee has a conflict of interest with respect to the compensation arrangement being reviewed, (2) it looks to comparability data and specialized compensation reports (and in some cases opinions) prepared for the university by compensation consultants with respect to similarly qualified individuals in comparable positions at similarly situated universities, and (iii) it maintains a contemporaneous record of its deliberations and decisions. This process is followed annually with respect to the president and other high level officers of the university. Form 990, Part VI, Line 19 The University makes its BYLAWS, financial statements/ANNUAL REPORT, conflict of interest and Ethics, and Conflict of Interest in Research policies AVAILABLE TO THE GENERAL PUBLIC on the organization's website. SCHEDULE K, PART II, LINE 5 THE ISSUANCE COSTS FOR CEFA SERIES 2003A AND 2003C, AND CEFA SERIES 2003B WERE PAID OUT OF UNIVERSITY FUNDS. USC GATEWAY LLC UNIVERSITY GARDENS - UGB203 LOS ANGELES CA 90089 202108058 PROPERTY MGMT CA 0 0 AE MANN INSTIT FOR BIOMEDICAL ENGINEER c/o USC UGB203 LOS ANGELES CA 900898003 954684347 BIOMEDICAL CA 501(c)(3) 11A N/A APF HOUSING CORPORATION 3551 TROUSDALE PKWY LOS ANGELES CA 900895013 954348867 USC HOUSING CA 501(c)(3) 11A N/A ICT PRODUCTIONS INC C/O USC UGB203 LOS ANGELES CA 900898003 954843260 EDUC. MEDIA CA 501(c)(3) 11A N/A LORD FOUNDATION OF CALIFORNIA C/O USC UGB203 LOS ANGELES CA 900898003 953168340 USC SUPPORT CA 501(c)(3) 11A N/A DAVID X MARKS FOUNDATION C/O USC UGB203 LOS ANGELES CA 900898003 956034304 USC SUPPORT CA 501(c)(3) 11A N/A USC NEIGHBORHOOD OUTREACH INC c/o USC UGB203 LOS ANGELES CA 900898003 954453921 USC SUPPORT CA 501(c)(3) 7 N/A USC CARE MEDICAL GROUP INC 1510 SAN PABLO ST SUITE 649 LOS ANGELES CA 900334613 954540991 MANAGED CARE CA 501(c)(3) 9 N/A INITIATIVE & REFERENDUM INSTITUTE C/O USC LOS ANGELES CA 900891427 522075146 EDUCATION CA 501(c)(3) 7 N/A HEALTH RESEARCH ASSOCIATION INC 1640 MARENGO STREET 7TH FL LOS ANGELES CA 900898003 951683862 MED. RESEARCH CA 501(c)(3) 4 N/A SURVIVORS OF SHOAH VISUAL HISTORY FDN C/O USC 650 W 35TH ST LOS ANGELES CA 90089 EDUC. MEDIA CA 501(c)(3) 7 N/A CANCER RESEARCH FOUNDATION OF AMERICA c/o USC UGB203 LOS ANGELES CA 90089 237109137 USC SUPPORT CA 501(c)(3) 11c N/A MANN DIVERSIFIED CHARITABLE FUND INC 355 S GRAND AVE SUITE 1710 LOS ANGELES CA 90071 954871035 USC SUPPORT CA 501(c)(3) 11A N/A PACIFIC-10 CONFERENCE 1350 TREAT BOULEVARD WALNUT CREEK CA 94597 941459048 USC SUPPORT CA 501(c)(3) 11A N/A CLASSICAL PUBLIC RADIO NETWORK 7409 SOUTH ALTON COURT CENTENNIAL CO 80112 841474681 EDUC. MEDIA CO 501(C)(3) 11A NA USC REAL ESTATE DEVELOPMENT CORPORATION UNIVERSITY PARK - ADM 352 LOS ANGELES CA 900895013 930970076 REAL ESTATE CA N/A C CORP 0 39538 1.00000 MAY ROBERTS DEWRIGHT TRUST UNIVERSITY GARDENS - UGB203 LOS ANGELES CA 900898003 USC SUPPORT CA N/A TRUST 809315 8169595 1.00000 INTEGRATED DIGITAL ASSET CORPORATION UNIVERSITY GARDENS - UGB203 LOS ANGELES CA 900898003 954680904 3RD PARTY CON CA N/A C CORP 0 100 1.00000 true false true false true false false false false true false false true true false true true false ICT PRODUCTIONS INC Q 311606 LORD FOUNDATION OF CALIFORNIA A 8384041 LORD FOUNDATION OF CALIFORNIA C 1480000 DAVID X MARKS FOUNDATION C 1037700 MAY ROBERTS DEWRIGHT TRUST A 1651031 MAY ROBERTS DEWRIGHT TRUST C 686686 HEALTH RESEARCH ASSOCIATION INC E 2873606 HEALTH RESEARCH ASSOCIATION INC J 885488 USC CARE MEDICAL GROUP INC P 182098597