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        <City>NEW ORLEANS</City>
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      <Name>ARLEAN WEHLE</Name>
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    <Preparer>
      <Name>BONNIE M WYLLIE JD LLM</Name>
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        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
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        <NamePerson>PETER QUIRK</NamePerson>
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        <NamePerson>MICHAEL RAPIER</NamePerson>
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        <NamePerson>JENNIFER WINTERS</NamePerson>
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      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>SODEXO FOOD SERVICE</BusinessNameLine1>
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        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>POST OFFICE BOX 536922</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30353</ZIPCode>
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        <ExclusionAmount>2224</ExclusionAmount>
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        <Description>LOYOLA CONTRACTED INST</Description>
        <BusinessCode>900099</BusinessCode>
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        <RelatedOrExemptFunctionIncome>36000</RelatedOrExemptFunctionIncome>
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      <OtherRevenueMisc>
        <Description>COUNSELING CENTER</Description>
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      <OtherRevenueMisc>
        <Description>MISCELLANEOUS REVENUE</Description>
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        <RelatedOrExemptFunctionIncome>9160</RelatedOrExemptFunctionIncome>
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      <TotalRevenue>
        <TotalRevenueColumn>22304765</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>10951599</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
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      <GrantsToDomesticIndividuals>
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        <ProgramServices>10355152</ProgramServices>
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      <OtherSalariesAndWages>
        <Total>5288285</Total>
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        <ManagementAndGeneral>1158963</ManagementAndGeneral>
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      <PensionPlanContributions>
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      <OtherEmployeeBenefits>
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      <PayrollTaxes>
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        <ProgramServices>293527</ProgramServices>
        <ManagementAndGeneral>67525</ManagementAndGeneral>
        <Fundraising>10996</Fundraising>
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      <FeesForServicesLegal>
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        <ManagementAndGeneral>27</ManagementAndGeneral>
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      <FeesForServicesAccounting>
        <Total>43865</Total>
        <ManagementAndGeneral>43865</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesInvstMgmntFees>
        <Total>136143</Total>
        <ManagementAndGeneral>136143</ManagementAndGeneral>
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      <FeesForServicesOther>
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        <ProgramServices>253063</ProgramServices>
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        <Fundraising>45774</Fundraising>
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      <OfficeExpenses>
        <Total>958317</Total>
        <ProgramServices>440718</ProgramServices>
        <ManagementAndGeneral>472815</ManagementAndGeneral>
        <Fundraising>44784</Fundraising>
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      <InformationTechnology>
        <Total>302812</Total>
        <ProgramServices>15156</ProgramServices>
        <ManagementAndGeneral>287656</ManagementAndGeneral>
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      <Occupancy>
        <Total>225000</Total>
        <ProgramServices>180000</ProgramServices>
        <ManagementAndGeneral>45000</ManagementAndGeneral>
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      <Travel>
        <Total>19719</Total>
        <ProgramServices>15262</ProgramServices>
        <ManagementAndGeneral>1016</ManagementAndGeneral>
        <Fundraising>3441</Fundraising>
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      <ConferencesMeetings>
        <Total>27667</Total>
        <ProgramServices>7415</ProgramServices>
        <ManagementAndGeneral>17202</ManagementAndGeneral>
        <Fundraising>3050</Fundraising>
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      <Interest>
        <Total>10226</Total>
        <ManagementAndGeneral>10226</ManagementAndGeneral>
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      <DepreciationDepletion>
        <Total>425722</Total>
        <ProgramServices>340578</ProgramServices>
        <ManagementAndGeneral>85144</ManagementAndGeneral>
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      <Insurance>
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        <ProgramServices>1690</ProgramServices>
        <ManagementAndGeneral>177900</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>PROMOTION &amp; RECRUITMENT</Description>
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        <ProgramServices>16332</ProgramServices>
        <ManagementAndGeneral>285326</ManagementAndGeneral>
        <Fundraising>312</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FOOD SERVICE</Description>
        <Total>151481</Total>
        <ProgramServices>121185</ProgramServices>
        <ManagementAndGeneral>30296</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>STUDENT ACTIVITIES</Description>
        <Total>89525</Total>
        <ProgramServices>89525</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>REPAIRS AND MAINTENANCE</Description>
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        <ProgramServices>9145</ProgramServices>
        <ManagementAndGeneral>73448</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>OUTSIDE SERVICES</Description>
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        <ManagementAndGeneral>55097</ManagementAndGeneral>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>211809</Total>
        <ProgramServices>9308</ProgramServices>
        <ManagementAndGeneral>202501</ManagementAndGeneral>
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      <TotalFunctionalExpenses>
        <Total>20262510</Total>
        <ProgramServices>16532911</ProgramServices>
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        <Fundraising>278704</Fundraising>
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      <SavingsAndTempCashInvestments>
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      <LandBldgEquipmentAccumDeprec>5447837</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
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        <EOY>90956</EOY>
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      <AccountsPayableAccruedExpenses>
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      <TotalLiabilities>
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        <EOY>711803</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
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      <PermanentlyRestrictedNetAssets>
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        <EOY>8847552</EOY>
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      <TotalNetAssetsFundBalances>
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        <EOY>34120675</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>30166401</BOY>
        <EOY>34832478</EOY>
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      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>2042255</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>3246823</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>1</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>1</FederalGrantAuditPerformed>
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        <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>
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        <Contributions>3630031</Contributions>
        <InvestmentEarningsOrLosses>532387</InvestmentEarningsOrLosses>
        <EndOfYearBalance>23799241</EndOfYearBalance>
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        <EndOfYearBalance>19636823</EndOfYearBalance>
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      <CurrentYearMinus2Years>
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        <InvestmentEarningsOrLosses>-609377</InvestmentEarningsOrLosses>
        <EndOfYearBalance>17509306</EndOfYearBalance>
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      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
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        <BookValue>65000</BookValue>
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      <OtherLiabilities>
        <Description>ACCRUED LIABILITES</Description>
        <Amount>528776</Amount>
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      <OtherRevenuesNotIncluded>-8706</OtherRevenuesNotIncluded>
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      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
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      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:</Identifier>
        <ReturnReference>PART V, LINE 4:</ReturnReference>
        <Explanation>OF THE END OF THE YEAR ENDOWMENT BALANCE, $8,847,552 IS PERMANENTLY RESTRICTED AND THE USES ARE: -THE EARNINGS ON $5,433,100 WILL HELP FUND PROFESSORSHIPS -THE EARNINGS ON $1,377,544 WILL BE USED FOR SCHOLARSHIPS -THE EARNINGS ON $2,036,908 WILL GO TOWARDS ACADEMICS AND OPERATIONS QUASI ENDOWMENTS BALANCE OF $14,951,689 HAVE THE FOLLOWING USES: -$14,951,689 IS FOR UNSPECIFIED PURPOSES, BUT IS TO BE USED FOR CURRENT OPERATIONS, PLANT AND EQUIPMENT, AND ACADEMICS.</Explanation>
      </Form990ScheduleDPartXIV>
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        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>ON JANUARY 1, 2009, THE COLLEGE ADOPTED THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF THE FASB ASC, WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN THE COLLEGE'S INCOME TAX RETURNS. AS A RESULT OF THIS ADOPTION, THE COLLEGE BELIEVES THERE WAS NO IMPACT TO THE FINANCIAL STATEMENTS AND DID NOT RECORD ANY ADJUSTMENT TO THE BEGINNING BALANCE OF NET ASSETS. ALL TAX RETURNS HAVE BEEN APPROPRIATELY FILED BY THE COLLEGE. THE COLLEGE RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. THE COLLEGE FILES INCOME TAX RETURNS WITH FEDERAL AND STATE JURISDICTIONS. THE COLLEGE'S OPEN AUDIT PERIODS ARE 2007 - 2010. MANAGEMENT EVALUATED THE COLLEGE'S TAX POSITIONS AND CONCLUDED THAT THE COLLEGE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>THANKSGIVING PRAYER BREAKFAST (FUNDRAISER) EXPENSES -8,706.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XIII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>THANKSGIVING PRAYER BREAKFAST (FUNDRAISER) EXPENSES 8,706.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Explanation>PART XII, LINE 2B - DONATED SERVICES AND USE OF FACILITIES: THE CONGREGATION OF THE MARIANITES OF HOLY CROSS (MARIANITES) OWNS THE LAND AND BUILDINGS USED FOR COLLEGE OPERATIONS. THE COLLEGE PAID $225,000 IN RENTS TO THE MARIANITES DURING THE 2011 FISCAL YEAR. PART V - ENDOWMENT FUNDS: THE STATE OF LOUISIANA ENACTED THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) EFFECTIVE AUGUST 15, 2010, THE PROVISIONS OF WHICH APPLY TO ENDOWMENT FUNDS EXISTING ON OR ESTABLISHED AFTER THAT DATE. THIS SECTION IS BEING REPORTED BY THE CLASSIFICATION OF ENDOWMENTS SET FORTH BY UPMIFA. LINES 1A-G, COLUMNS B &amp; C HAVE BEEN ADJUSTED TO REFLECT UPMIFA REPORTING.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
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      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
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      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>1</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>OUR LADY OF HOLY CROSS COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ALL EMPLOYMENT ADVERTISEMENTS. THE POLICY IS ALSO LISTED ON THE ORGANIZATION'S WEBSITE, STUDENT HANDBOOK, AND STUDENT APPLICATIONS.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 6</ReturnReference>
        <Explanation>GOVERNMENT FINANCIAL ASSISTANCE INCLUDES GOVERNMENT LOAN PROGRAMS AND ADVANCES FROM THE FEDERAL GOVERNMENT, WHICH ARE PROVIDED FOR STUDENTS IN NEED OF FINANCIAL AID.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>THANKSGIVING PRAYER BREAKFAST</NameOfEvent1>
        <GrossReceiptsEvent1>15430</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>4500</CharitableContributionsEvent1>
        <GrossRevenueEvent1>10930</GrossRevenueEvent1>
        <FoodAndBeverageEvent1>5576</FoodAndBeverageEvent1>
        <OtherDirectExpensesEvent1>3130</OtherDirectExpensesEvent1>
        <GrossReceiptsTotal>15430</GrossReceiptsTotal>
        <CharitableContributionsTotal>4500</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>10930</GrossRevenueTotalEvents>
        <FoodAndBeverageTotalEvents>5576</FoodAndBeverageTotalEvents>
        <OtherDirectExpensesTotalEvents>3130</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>8706</DirectExpenseSummaryEvents>
        <NetIncomeSummary>2224</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>SCHOLARSHIPS TO STUDENTS OF THE COLLEGE</TypeOfGrant>
        <NumberOfRecipients>2397</NumberOfRecipients>
        <AmountOfCashGrant>10355152</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
        <Explanation>SCHEDULE I, PART I, LINE 2: PRIVATE GRANTS - THE COLLEGE FOLLOWS THE TERMS OF THE PROVIDER IN THE POSTING AND RELEASING OF GRANT FUNDS. FEDERAL GRANTS - THE COLLEGE FOLLOWS THE DEPARTMENT OF EDUCATION REGULATIONS TO ENSURE THAT GRANTS ARE UTILIZED APPROPRIATELY. THE NSLDS SYSTEM HELPS THE COLLEGE IDENTIFY ANY STUDENT THAT HAS BEEN POTENTIALLY AWARDED MORE THAN THEY ARE ELIGIBLE FOR.</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>OTHER INFORMATION:</Identifier>
        <ReturnReference>PART IV:</ReturnReference>
        <Explanation>QUALIFICATIONS TO RECEIVE PAYMENTS: GOVERNMENT GRANTS ARE AWARDED IN ACCORDANCE WITH APPROPRIATE FEDERAL REGULATIONS. SCHOLARSHIPS ARE BASED ON ACT TEST SCORES, ACADEMIC STANDING, AS SHOWN BY HIGH SCHOOL TRANSCRIPTS, AS WELL AS COMMUNITY INVOLVEMENT. GRANTS ARE AWARDED IN RECOGNITION OF THE QUALITY PAST ACADEMIC ACHIEVEMENT AT OUR LADY OF HOLY CROSS COLLEGE, FINANCIAL NEED AS DETERMINED BY THE SUBMISSION OF THE FREE APPLICATION FOR FEDERAL STUDENT AID, AND COMMUNITY INVOLVEMENT.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <WrittenPolicyReTAndEExpenses>1</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>1</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>0</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>CONGREGATION OF HOLY CROSS</NamePerson>
        <BaseCompensationFilingOrg>153000</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>22716</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>0</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>175716</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>PART I, LINE 1A</ReturnReference>
        <Explanation>REV. ANTHONY DE CONCILIIS, AGENT FOR THE CONGREGATION OF HOLY CROSS-EASTERN PROVINCE, DOES NOT RECEIVE COMPENSATION FROM THE COLLEGE. THIS RELIGIOUS ORGANIZATION REQUIRES A VOW OF POVERTY. THE COLLEGE DIRECTED REV. DE CONCILIIS' $175,716 OF COMPENSATION AND EMPLOYEE BENEFITS TO HIS RELIGIOUS ORDER, THE CONGREGATION OF HOLY CROSS-EASTERN PROVINCE, 835 CLINTON AVENUE, BRIDGEPORT, CONNECTICUT 06604.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>RON BLITCH</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>BOARD MEMBER &amp; OWNER OF BLITCH KNEVEL ARCHITECTS</Relationship>
        <AmountOfTransaction>17368</AmountOfTransaction>
        <DescriptionOfTransaction>BLITCH KNEVEL ARCHITECTS PROVIDED ARCHITECTURAL SERVICES TO THE COLLEGE. THESE SERVICES WERE PROVIDED TO ORGANIZATION AT FAIR MARKET VALUE.</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>PRIOR TO FILING THE FORM 990, THE TAX RETURN IS REVIEWED BY THE V.P. FOR FINANCIAL MANAGEMENT AND THE PRESIDENT OF THE COLLEGE. IT IS THEN FORWARDED TO THE CHAIR OF THE FINANCE COMMITTEE FOR REVIEW. COLLEGE ADMINISTRATION RESPONDS TO THE BOARD'S CONCERNS AND REVISES THE FORM AS NECESSARY. ONCE REVIEWED AND SUBMITTED TO THE IRS A COPY OF THE FILED FORM 990 IS FORWARDED TO THE CHAIR OF THE FINANCE COMMITTEE FOR RECORD-KEEPING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>DURING THE FIRST BOARD OF REGENTS MEETING OF EACH YEAR, THE COLLEGE'S CONFLICT OF INTEREST POLICY IS REVIEWED WITH ITS MEMBERS AND THEY ARE ASKED TO SIGN A DOCUMENT DISCLOSING ANY CONFLICT OF INTEREST WITH COLLEGE BUSINESS MATTERS. IF A CONFLICT SHOULD ARISE, THE BOARD MEMBER WILL RECUSE HIMSELF OR HERSELF FROM VOTES RELATIVE TO THE AFFECTED SUBJECT MATTER. ANY DISCUSSION OF POTENTIAL CONFLICTS AND RECUSALS ARE SUBSTANTIATED IN THE MINUTES OF THE BOARD MEETINGS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE PRESIDENT OF THE COLLEGE WAS CHOSEN THROUGH A DOCUMENTED SELECTION PROCESS WHICH WAS CARRIED OUT BY A SEARCH COMMITTEE COMPOSED OF A CROSS SECTION OF COLLEGE ADMINISTRATION, STAFF, FACULTY, AND THE GOVERNING BOARD. THE SALARY FOR THE POSITION WAS BASED UPON SALARIES PAID TO PRESIDENTS SERVING IN INSTITUTIONS COMPARABLE IN SIZE AND STRUCTURE. THE PRESIDENT'S COMPENSATION WAS APPROVED BY THE BOARD OF REGENTS AND DOCUMENTED IN A FULLY EXECUTED CONTRACT. THE PRESIDENT IS EVALUATED ON AN ANNUAL BASIS BY INDEPENDENT MEMBERS OF THE COLLEGE'S BOARD OF REGENTS. DOCUMENTATION OF THE SELECTION OF THE PRESIDENT AND THE CONTRACTED AMOUNT OF COMPENSATION IS RETAINED IN THE RECORDS OF THE SELECTION COMMITTEE AND IN BOARD MINUTES. THE CURRENT PRESIDENT OF THE COLLEGE IS A MEMBER OF A RELIGIOUS ORDER AND, AS SUCH, HAS TAKEN A VOW OF POVERTY. HIS SALARY IS PAID DIRECTLY TO HIS RELIGIOUS ORDER. FOR ALL OTHER EMPLOYEES, SALARIES ARE DETERMINED AT THE INITIAL POINT OF HIRING FOR THE POSITION PRIMARILY BASED UPON THE POSITION'S BUDGETED COMPENSATION. ADDITIONAL FACTORS ARE CONSIDERED, SUCH AS THE CREDENTIALS AND LEVEL OF EXPERIENCE THAT THE NEWLY HIRED EMPLOYEE BRINGS TO THE ORGANIZATION AND ANALYSIS OF SALARIES FOR THE SAME OR SIMILAR POSITIONS AT COMPARABLE INSTITUTIONS. ON AN ANNUAL BASIS, THE ESTABLISHED SALARY MAY BE ADJUSTED FOR THE INCREASE IN COST OF LIVING. DOCUMENTATION OF SALARY ANALYSIS IS RETAINED IN THE RECORDS OF THE SELECTION COMMITTEE AND WITHIN THE BOARD MINUTES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL DATA ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED GAINS ON INVESTMENTS: 3,246,823.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART XI, LINE 2C:</ReturnReference>
        <Explanation>THE ORGANIZATION'S COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, SCHEDULE R, PART V:</ReturnReference>
        <Explanation>THE LAND AND BUILDING USED FOR COLLEGE OPERATIONS ARE OWNED BY THE SISTERS MARIANITES OF HOLY CROSS (MARIANITES). UNDER THE TERMS OF THE LEASE DATED 1/1/1999, THE ANNUAL RENT FOR 2010-2011 WAS $450,000, OF THIS AMOUNT THE COLLEGE PAID $225,000 WITH THE BALANCE CONTRIBUTED TO THE COLLEGE BY THE MARIANITES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OFFICER COMPENSATION:</Identifier>
        <ReturnReference>FORM 990, PART VII:</ReturnReference>
        <Explanation>REV. ANTHONY DE CONCILIIS, AGENT FOR THE CONGREGATION OF HOLY CROSS - EASTERN PROVINCE, DOES NOT RECEIVE COMPENSATION DIRECTLY FROM THE COLLEGE. THIS RELIGIOUS ORGANIZATION REQUIRES A VOW OF POVERTY. THE COLLEGE DIRECTED REV. DE CONCILIIS' $175,716 OF COMPENSATION AND EMPLOYEE BENEFITS TO HIS RELIGIOUS ORDER, THE CONGREGATION OF HOLY CROSS - EASTERN PROVINCE, 835 CLINTON AVENUE, BRIDGEPORT, CONNECTICUT 06604.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>CONGREGATION OF SISTERS MARIANITES OF HOLY CROSS</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1011 GALLIER STREET</AddressLine1>
          <City>NEW ORLEANS</City>
          <State>LA</State>
          <ZIPCode>70117</ZIPCode>
        </AddressUS>
        <EIN>721135603</EIN>
        <PrimaryActivities>RELIGIOUS ORGANIZATION</PrimaryActivities>
        <LegalDomicileState>LA</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>170(B)(1)(A)(1)</PublicCharityStatus>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>1</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>1</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>0</SharingOfFacilities>
      <SharingOfPaidEmployees>0</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>CONGREGATION OF SISTERS MARIANITES OF HOLY CROSS</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>225000</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>CONGREGATION OF SISTERS MARIANITES OF HOLY CROSS</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>J</TransactionType>
        <AmountInvolved>225000</AmountInvolved>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>