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        <Depreciation>119040217</Depreciation>
        <BookValue>77255470</BookValue>
      </Buildings>
      <Equipment>
        <InvestmentCostOrOtherBasis>28128994</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>50312102</OtherCostOrOtherBasis>
        <Depreciation>55283478</Depreciation>
        <BookValue>23157618</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>18105102</OtherCostOrOtherBasis>
        <Depreciation>11496708</Depreciation>
        <BookValue>6608394</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>111041590</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>RESERVE FOR GIFT ANNUITIES</Description>
        <Amount>1657151</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>LIFE LOAN PAYABLE</Description>
        <Amount>618969</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>2276120</TotalOfAmounts>
      <Form990ScheduleDPartXIV>
        <Identifier>Part V, Line 4</Identifier>
        <ReturnReference>Part V, Line 4: Intended uses of the endowment fund.</ReturnReference>
        <Explanation>Earnings of the endowment funds are restricted to: College of Business......................$300,006 College of Theology....................$2,519,769 College of Education.....................$564,978 College of Arts and Sciences...........$1,500,240 College of Nursing....................$21,630,681 Scholarships...........................$8,961,819 General Activities of the University...$3,980,888</Explanation>
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    </IRS990ScheduleD>
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      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <PubViaBroadcastMediaExpln>The university publishes its racially nondiscriminatory policy in the student admissions application, university catalog, and other recruiting brochures and media.</PubViaBroadcastMediaExpln>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <GovtFinancialAidExplanation>Oral Roberts University participates in the following U.S. Department of Education student financial aid programs:Federal Perkins LoansFederal Work StudyFederal SEOG GrantsFederal PELL GrantsFederal ACG GrantsFederal SMART GrantsFederal Direct Loans</GovtFinancialAidExplanation>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
    </IRS990ScheduleE>
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      <AcctsActvsOutUSTable>
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        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Public Service</SpecificServicesProvided>
        <TotalExpenditures>912</TotalExpenditures>
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      <AcctsActvsOutUSTable>
        <Region>South Asia</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Public Service</SpecificServicesProvided>
        <TotalExpenditures>344</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South America</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Public Service</SpecificServicesProvided>
        <TotalExpenditures>393</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Europe</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Public Service</SpecificServicesProvided>
        <TotalExpenditures>477</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>1</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Instruction</SpecificServicesProvided>
        <TotalExpenditures>33708</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
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        <TotalExpenditures>1039</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Central America and the Caribbean</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program Services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Public Service</SpecificServicesProvided>
        <TotalExpenditures>345</TotalExpenditures>
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      <TotalNumberOfOffices>0</TotalNumberOfOffices>
      <TotalNumberOfEmployees>1</TotalNumberOfEmployees>
      <TotalAmountSpent>37218</TotalAmountSpent>
      <NoRecipientOver5K>X</NoRecipientOver5K>
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    <IRS990ScheduleI documentId="IRS990ScheduleI" softwareId="09000047" softwareVersion="2009v1.3">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>World Missions for Jesus</BusinessNameLine1>
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          <AddressLine1>PO Box 128</AddressLine1>
          <City>Baker</City>
          <State>LA</State>
          <ZIPCode>70704</ZIPCode>
        </AddressUS>
        <EINOfRecipient>721493708</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
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        <MethodOfValuation>Book</MethodOfValuation>
        <DescriptionOfNonCashAssistance>None</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>Missions Projects</PurposeOfGrant>
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      <RecipientTable>
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          <BusinessNameLine1>Tulsa Metro Chamber</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>Two West Second St Ste 150</AddressLine1>
          <City>Tulsa</City>
          <State>OK</State>
          <ZIPCode>74101</ZIPCode>
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        <EINOfRecipient>730488250</EINOfRecipient>
        <IRCSection>501(c)(6)</IRCSection>
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        <MethodOfValuation>Book</MethodOfValuation>
        <DescriptionOfNonCashAssistance>None</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>Community Participation</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>Tulsa Area United Way</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>PO Box 1859</AddressLine1>
          <City>Tulsa</City>
          <State>OK</State>
          <ZIPCode>74101</ZIPCode>
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        <EINOfRecipient>730580283</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>40000</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Book</MethodOfValuation>
        <DescriptionOfNonCashAssistance>None</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>Community Campaign</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>New Day Charities</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>710 Moonglow Ave</AddressLine1>
          <City>New Braunfels</City>
          <State>TX</State>
          <ZIPCode>78131</ZIPCode>
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        <DescriptionOfNonCashAssistance>None</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>Missions Projects</PurposeOfGrant>
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      <RecipientTable>
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          <BusinessNameLine1>Feed My Starving Children</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>401 93rd Ave NW</AddressLine1>
          <City>Coon Rapids</City>
          <State>MN</State>
          <ZIPCode>55433</ZIPCode>
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        <EINOfRecipient>411601449</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
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        <MethodOfValuation>Book</MethodOfValuation>
        <DescriptionOfNonCashAssistance>None</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>Missions Projects</PurposeOfGrant>
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      <RecipientTable>
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          <BusinessNameLine1>Doxa Church</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>14301 E 112nd Place</AddressLine1>
          <City>Owasso</City>
          <State>OK</State>
          <ZIPCode>74055</ZIPCode>
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        <AmountOfCashGrant>9500</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Book</MethodOfValuation>
        <DescriptionOfNonCashAssistance>None</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>Missions Projects</PurposeOfGrant>
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      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>Baby Safe Ministry</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>PO Box 55</AddressLine1>
          <City>Grandview</City>
          <State>MO</State>
          <ZIPCode>64030</ZIPCode>
        </AddressUS>
        <EINOfRecipient>870701288</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>7000</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Book</MethodOfValuation>
        <DescriptionOfNonCashAssistance>None</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>Missions Projects</PurposeOfGrant>
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      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>American Red Cross</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO Box 37243</AddressLine1>
          <City>Washington</City>
          <State>DC</State>
          <ZIPCode>20012</ZIPCode>
        </AddressUS>
        <EINOfRecipient>530196605</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>5139</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>Book</MethodOfValuation>
        <DescriptionOfNonCashAssistance>None</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>Haiti Relief</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>6</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>2</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Scholarships/Fellowships</TypeOfGrant>
        <AmountOfCashGrant>22196847</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Grantmaker's Description of How Grants are Used</Identifier>
        <Explanation>The University makes occasional donations to charitable organizations which are not monitored beyond the original grant determination process.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
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      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <ClubDuesOrFees>X</ClubDuesOrFees>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <IndependentConsultant>X</IndependentConsultant>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>true</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
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      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <RebuttablePresumptionProcedure>false</RebuttablePresumptionProcedure>
      <Form990ScheduleJPartII>
        <NamePerson>Timothy Philley</NamePerson>
        <BaseCompensationFilingOrg>213396</BaseCompensationFilingOrg>
        <BonusFilingOrg>5000</BonusFilingOrg>
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        <NamePerson>ROBERT WALTON</NamePerson>
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        <NamePerson>RICHARD ROBERTS</NamePerson>
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        <Identifier>Sch J, Part I, Line 1a</Identifier>
        <ReturnReference>Part I, Line 1a: Relevant information in regards to selections on 1a.</ReturnReference>
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    <IRS990ScheduleL documentId="IRS990ScheduleL" softwareId="09000047" softwareVersion="2009v1.3">
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          <NamePerson>Hob Lob Ltd</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Chair</Relationship>
        <AmountOfTransaction>1377550</AmountOfTransaction>
        <DescriptionOfTransaction>Construction Services</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
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    <IRS990ScheduleM documentId="IRS990ScheduleM" softwareId="09000047" softwareVersion="2009v1.3">
      <BooksAndPublications>
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        <MethodOfDeterminingRevenues>Cost Compare</MethodOfDeterminingRevenues>
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        <MethodOfDeterminingRevenues>Market Value</MethodOfDeterminingRevenues>
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      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
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    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="09000047" softwareVersion="2009v1.3">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>Governing documents, policies, and financial statements are made available on the University's website.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
        <Explanation>(1)The compensation of an individual employed in a position of Executive, Officer or Key Employee is reviewed and approved by the Board of Trustees or its designated committee (Compensation/Human Relations). Persons with conflicts of interest with respect to the compensation arrangement at issue shall not be involved in the compensation review and approval process.(2)The review and approval of compensation of the individual employed in the position of Executive, Officer or Key Employee shall be based upon data of comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations.(3)There shall be contemporaneous documentation and recordkeeping with respect to the review and approval of compensation paid to individuals employed in positions of Executive, Officer or Key Employee.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a conflict of interest disclosure statement. To ensure the Corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects:(a) Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining.(b) Whether partnerships, joint ventures, and arrangements with management foundations conform to the Corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>It is the policy of Oral Roberts University that the Finance Committee will be responsible for the initial review of Internal Revenue Service Form 990 that is to be filed on behalf of the organization. Upon approval of the Finance Committee, the Form 990 shall be presented to the Board of Trustees along with a recommendation from the Finance Committee Chair for Board approval of the Form 990 for filing with the IRS. A Board resolution is not required in order for the Form 990 to be filed, provided that the Boards approval of the Form 990 for filing is in accordance with the requirements for action by the Board and is otherwise recorded in the minutes of the organization. Trustees may receive the Form 990 as hard copies (mailed or hand-delivered) or electronic files (sent via e-mail).</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 3</Identifier>
        <ReturnReference>Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company</ReturnReference>
        <Explanation>The university delegated supervisorial duties over Cityplex personnel to Trinity Commercial Properties.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 2</Identifier>
        <ReturnReference>Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et</ReturnReference>
        <Explanation>Oral Roberts passed away during the year and his trustee seat was filled by his daughter Roberta Potts.Mart Green, Scott Cordray and Jay Betz maintained a business relationship during the organizations relevant tax year.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part III, Line 4d</Identifier>
        <ReturnReference>Form 990, Part III, Line 4d : Other Program Services Description</ReturnReference>
        <Explanation>OTHER PROGRAM SERVICES 4: RESEARCH - COSTS INCURRED TO CONDUCT BIOMEDICAL, ACADEMIC AND OTHER RELATED RESEARCH OTHER PROGRAM SERVICES 5: PUBLIC SERVICE</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Oral Roberts Early Learning Center</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>7777 S Lewis Ave</AddressLine1>
          <City>Tulsa</City>
          <State>OK</State>
          <ZIPCode>74171</ZIPCode>
        </AddressUS>
        <EIN>731274772</EIN>
        <PrimaryActivities>Daycare</PrimaryActivities>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>6</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
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