2011-05-13T12:08:08-05:00 2010-06-30 PricewaterhouseCoopers LLP 1201 Louisiana 2900 Houston TX 77002 990 2009-07-01 741109620 William Marsh Rice University WILL 7133480000 6100 Main Street Houston TX 770051892 Katherine E Collins 7133485147 2011-05-13 Laura Nowicki 7133568404 2011-05-11 2009 2016-02-24 21:20:13Z David W Leebron 6100 Main Street Houston TX 770051892 1186441833 0 X http://www.rice.edu X 1908 TX Research and educationThe university enrolls approximately 5,300 students. Over 2,300 undergraduates and 2,000 graduate students receive financial aid. 23 22 3065 1000 -7391788 -7489624 149808151 168896350 208621686 207970992 -17535873 109314239 28211605 32074628 369105569 518256209 81473294 80149446 0 0 281331794 307586566 0 0 11001688 169075897 174269015 531880985 562005027 -162775416 -43748818 5102247006 5449537470 912625537 1067718419 4189621469 4381819051 As a leading research university with a distinctive commitment to undergraduate education, Rice University aspires to pathbreaking research, unsurpassed teaching, and contributions to the betterment of our world. It seeks to fulfill this mission by cultivating a diverse community of learning and discovery that produces leaders across the spectrum of human endeavor. 0 0 355370075 80149446 163492248 Department research and instruction for students pursuing undergraduate and graduate degrees in the arts and sciences as well as public service and other institutional activities 83992907 90968906 Basic scientific research and training conducted by faculty and staff and other sponsored educational programs 30904292 3329800 Operations of a library that serves students, faculty, staff, alumni, and friends of William Marsh Rice University and is open to the public by charter 44606436 18296132 Student services 44606436 18296132 514873710 1 1 0 1 0 0 1 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 1 1 0 1 9727 0 1 3065 1 1 1 1 FR CJ JA LU AS GM UK CH BD GK DA RS VI NO CA IS NL 0 0 0 1 1 0 0 0 0 1 1 23 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Evelyn Stewart 7133484927 6100 Main Street Houston TX 770051892 James W Crownover 15.00 X 0 0 0 JD Bucky Allshouse 2.00 X 0 0 0 D Kent Anderson 2.00 X 0 0 0 Keith T Anderson 2.00 X 0 0 0 Subha V Barry 2.00 X 0 0 0 Suzanne Deal Booth 2.00 X 0 0 0 Robert T Brockman 2.00 X 0 0 0 Nancy P Carlson 2.00 X 0 0 0 Robert L Clarke 2.00 X 0 0 0 Bruce W Dunlevie 2.00 X 0 0 0 Lynn Laverty Elsenhans 2.00 X 0 0 0 Douglas Lee Foshee 2.00 X 0 0 0 Susanne Morris Glasscock 2.00 X 0 0 0 Robert R Maxfield 2.00 X 0 0 0 M Kenneth Oshman 2.00 X 0 0 0 Jeffery O Rose 2.00 X 0 0 0 Judge Lee H Rosenthal 2.00 X 0 0 0 Dr Hector de J Ruiz 2.00 X 0 0 0 LE Simmons 2.00 X 0 0 0 Robert B Tudor III 2.00 X 0 0 0 James S Turley 2.00 X 0 0 0 Randa Duncan Williams 2.00 X 0 0 0 David W Leebron 40.00 X X 1275711 0 242143 Renee A Block 40.00 X 93503 0 19775 Veta Byrd 40.00 X 141783 0 19786 Susan Castanza 40.00 X 116366 0 20746 Katherine E Collins 40.00 X 328863 0 38630 Joseph B Davidson 40.00 X 205964 0 41337 Carlos Garcia 40.00 X 211116 0 30605 Holly A Hardy 40.00 X 247548 0 42051 Kevin E Kirby 40.00 X 317121 0 58885 Eugene H Levy 40.00 X 510414 0 94770 Ronald E Long 40.00 X 265394 0 50646 Christopher Munoz 40.00 X 276403 0 48527 Claire Dwyer Nelson 40.00 X 251468 0 46020 Larry P Perez 40.00 X 154458 0 38116 Evelyn Stewart 40.00 X 180349 0 36313 Linda L Thrane 40.00 X 303520 0 40539 Scott W Wise 40.00 X 804626 0 233910 Richard A Zansitis 40.00 X 332392 0 57814 Darrow Zeidenstein 40.00 X 299845 0 54009 Daniel D Carson 40.00 X 342188 0 43887 William H Glick 40.00 X 434823 0 83573 Sallie Keller 40.00 X 328944 0 48047 David E Bailiff 40.00 X 571854 0 53147 Benjamin A Braun 40.00 X 523219 0 33737 Edward Djerejian 40.00 X 443732 0 34628 George Kanatas 40.00 X 422295 0 44954 Vikas Mittal 40.00 X 487405 0 47260 Kathleen Matthews 40.00 X 336432 0 57736 10207736 0 1661591 524 1 1 0 McKinsey & Company 1401 McKinney Street Suite 2600 Houston TX 77010 Mgmt consultant 1676250 Baker Botts LLP 910 Louisiana St Houston TX 77002 Legal services 771812 PricewaterhouseCoopers LLP 1201 Louisiana Suite 2900 Houston TX 77002 Auditing and tax 683211 Kerdock Consulting LLC 2700 Post Oak Blvd Suite 1310 Houston TX 77002 IT consulting 582963 Winstead PC 600 Travis St Suite 1100 Houston TX 77002 Legal services 574353 25 2332544 86998865 79564941 29155985 168896350 Tuition and fees 900099 171737761 171737761 Departmental sales 541900 13875703 13875703 Research contracts 900099 12451071 12451071 Auxiliary operations 900099 9725243 9725243 Student loan interest 900099 181214 181214 207970992 43876648 43876648 289648 289648 733036000 667598409 65437591 65437591 65437591 229225 2332544 587215 -357990 -357990 Net rental income 23515809 23506388 9421 Oil and gas royalties 900099 22021023 22021023 Advertising 511120 55935 55935 -13449797 -5992653 -7457144 32142970 518256209 290564328 -7391788 66187319 80149446 80149446 8662231 2180882 6127496 353853 625112 522364 102748 236678290 212833076 17472308 6372906 18253679 16148852 1593314 511513 29482170 26082589 2573418 826163 13885084 12283999 1211991 389094 1655666 83976 1571690 630429 16436 613993 402420 402420 2273414 9734 2263680 9394591 8699612 606122 88857 1638895 1562082 71685 5128 5830184 5054332 80698 695154 11485969 10824999 451585 209385 85298 85298 31541385 31138669 357171 45545 12661528 12157689 169739 334100 7644400 6882285 68604 693511 22112310 22112310 51198917 50542237 180201 476479 2937838 2727072 210766 Research subcontracts 10061290 10061290 F&A 2714481 2714481 562005027 514873710 36129629 11001688 3973652 7472647 168783233 145933734 17516039 15273263 22764 10730 9066436 189371933 840977 1185781 6254632 18176280 1472869102 462552933 1070787930 1010316169 2000784115 3940267647 1614776000 118902 209441228 121410384 5102247006 5449537470 83805457 81530400 16227251 17876381 726184607 873044235 86408222 95267403 912625537 1067718419 X 2113462700 2169082647 1267709800 1372716843 808448969 840019561 4189621469 4381819051 5102247006 5449537470 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 399420 0 1 3000 402420 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: Other activities includes dues paid to professional organizations who employ lobbyists. An insubstantial portion of the university's total activities involved legislative and regulatory matters of direct concern to higher education or of a compelling importance to Rice in particular. Institutional efforts to influence legislation are directed by the office of Public Affairs. The university does not have a lobbying office in Washington or Austin. During this period, the university employed a full-time person whose primary assignment included federal and state lobbying activity and an outside registered lobbyist in Washington for part-time work. Activities included contacts by letters, phone calls, and meetings with legislators, members of their staffs, or other government officials and meetings with local citizens regarding issues. The total amount spent by Rice in lobbying represents an insignificant part of the university's total expenditures, even making the most generous allowances for any activities that may be defined as lobbying by Rice employees outside the Public Affairs office working on behalf of the university. Rice also pays membership dues to associations of educational institutions and those organizations may in turn lobby on behalf of the interests of their members. 16825 5014502 X X X 0 3665267000 31610000 357459320 22052502 198824498 2263680 3835723000 4656434000 62611000 -836508964 23368000 191291000 2610036 3665267000 0.44190 0.54580 0.01230 0 0 23784765 23784765 1108139354 270178907 837960447 340944983 192374026 148570957 1010316169 Life income and annuity funds payable 88205367 Amts refundable and held in trust 7062036 95267403 688022000 254139652 498393000 Part III, Line 4: The university accepts, from time to time, donations of art, historical treasures or similar assets. Such items are available for public exhibition and are available for scholarly research. The university is a steward of these assets, preserving them for future generations. Part V, Line 4: Description of Intended Use of Endowment Funds: The university's endowment earnings distribution policy guides the rate at which funds are released from the endowment for current spending. The policy reflects the desire to balance the current resource needs of the university with the long-term objectives of preserving the purchasing power of the endowment for future generations and ensuring reasonable year-over-year stability of future endowment payouts. Under the policy, endowment spendng is between four percent and six and one-half percent of the trailing three-year average endowment market value, with a targeted range of four and one-half percent to five and one-half percent in the intermediate term. Part X: Description of Uncertain Tax Positions Under FIN 48: The university is exempt from federal income tax to the extent provided under Section 501(c)3 of the Internal Revenue Code. The Internal Revenue Service (IRS) issued a determination letter in January, 1938. The university has ten wholly-owned subsidiary corporations. Seven of these subsidiary corporations are exempt from federal income taxes under 501(c)2, one is exempt under 501(c)3, and two are subject to taxation. The university and its subsidiary corporations did not have any material income tax liabilities for the year ended June 30, 2010. The university has no financial reporting requirements for uncertain tax positions for the year ended June 30, 2010. 1 1 1 The university includes a statement of its racially nondiscriminatory policy towards students in brochures, catalogues, and other written communications with the public dealing with student admissions, programs and scholarships. 1 1 0 1 We make every effort within the context of a large university to retain copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student admissions, programs and scholarships. 0 0 0 0 0 0 0 0 1 0 The University receives research and instructional grants and contracts, fellowships and student aid awards, and construction grants and contracts from various state and federal agencies. 1 Central America and Caribbean 0 0 Program services, fundraising, conference travel Programs with local universities 168597 East Asia and Pacific 0 0 Program services, fundraising, conference travel Programs with local universities 999954 Europe 1 1 Program services, fundraising, conference travel Educational program for architecture students, field work, programs with local universities 2054180 Middle East and North Africa 0 0 Program services, conference travel Field work 403543 North America 0 0 Program services, fundraising, conference travel Programs with local universities 477034 Russia and Newly Independent States 0 0 Program services, fundraising, conference travel Field work 72597 South America 0 0 Program services, field work, conference travel Programs with local universities 469792 South Asia 0 0 Program services, conference travel Programs with local universities 71607 Sub-Saharan Africa 0 0 Program services Field work 238425 Central America and Caribbean 0 0 Investments East Asia and Pacific 0 0 Investments Europe 0 0 Investments North America 0 0 Investments Russia and Newly Independent States 0 0 Investments South America 0 0 Investments 1 1 4955729 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: The accrual method is used to account for expenditures, which are carried on the books and records of the university. Schedule F, Part IV Other Information The university does not make grants outside the United States. RDA Gala 514565 323540 191025 216076 Baker Ins Gala 2047204 2009004 38200 371139 2561769 2332544 229225 587215 587215 -357990 The university does not operate any gaming activities. 1 Scholarships 3843 6519446 73630000 FMV Applied to charges for tuition, fees, and room and board. Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Awards to undergraduates are based primarily on financial need determined by documented financial aid eligibility. Institutional need and merit awards, government grants and outside scholarships provided aid to over 2,300 undergraduates during the year. Graduate students are admitted based on merit as determined by the department to which they are admitted for study and receive aid from that department or from external agencies. Loans are awarded to eligible students based on need. Over $16 million was paid directly to students (Form 990, Part III, line c) with the remainder applied internally to tuition, fees, and room and board. X X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 David W Leebron 781486 0 0 0 494225 0 155160 0 86983 0 1517854 0 340250 0 Veta Byrd 135783 0 0 0 6000 0 11940 0 7846 0 161569 0 0 0 Katherine E Collins 286863 0 15000 0 27000 0 31410 0 7220 0 367493 0 0 0 Joseph B Davidson 205964 0 0 0 0 0 20598 0 20739 0 247301 0 0 0 Carlos Garcia 194616 0 0 0 16500 0 20598 0 10007 0 241721 0 0 0 Holly A Hardy 227548 0 0 0 20000 0 31410 0 10641 0 289599 0 0 0 Kevin E Kirby 263621 0 15000 0 38500 0 31410 0 27475 0 376006 0 0 0 Eugene H Levy 408228 0 0 0 102186 0 81410 0 13360 0 605184 0 50000 0 Ronald E Long 226894 0 0 0 38500 0 31410 0 19236 0 316040 0 0 0 Christopher Munoz 221238 0 10000 0 45165 0 31410 0 17117 0 324930 0 0 0 Claire Dwyer Nelson 236468 0 0 0 15000 0 24060 0 21960 0 297488 0 0 0 Larry P Perez 138966 0 0 0 15492 0 14460 0 23656 0 192574 0 0 0 Evelyn Stewart 158349 0 0 0 22000 0 22485 0 13828 0 216662 0 0 0 Linda L Thrane 266520 0 0 0 37000 0 31410 0 9129 0 344059 0 0 0 Scott W Wise 589696 0 148744 0 66186 0 201410 0 32500 0 1038536 0 50000 0 Richard A Zansitis 295892 0 0 0 36500 0 31410 0 26404 0 390206 0 0 0 Darrow Zeidenstein 276645 0 0 0 23200 0 24060 0 29949 0 353854 0 0 0 Daniel D Carson 315978 0 0 0 26210 0 31410 0 12477 0 386075 0 0 0 William H Glick 396323 0 0 0 38500 0 31410 0 52163 0 518396 0 0 0 Sallie Keller 323944 0 0 0 5000 0 31410 0 16637 0 376991 0 0 0 David E Bailiff 426604 0 100000 0 45250 0 31410 0 21737 0 625001 0 0 0 Benjamin A Braun 458416 0 50000 0 14803 0 31410 0 2327 0 556956 0 0 0 Edward Djerejian 416132 0 0 0 27600 0 31410 0 3218 0 478360 0 0 0 George Kanatas 386795 0 0 0 35500 0 31410 0 13544 0 467249 0 0 0 Vikas Mittal 455155 0 0 0 32250 0 24060 0 23200 0 534665 0 0 0 Kathleen Matthews 317432 0 0 0 19000 0 31410 0 26326 0 394168 0 0 0 Part I, Line 1a The university's written travel policy permits payment only of necessary and reasonable expenses for travel on university business. The university's policies constitute an accountable plan and are designed to comply with applicable Internal Revenue Service rules. Coach class airfare is required except in certain limited circumstances. These include medical necessity and scheduled flight segments over six hours in length, when business class fares may be used with prior approval. In rare cases, when an exception applies and no business class fare is available, a first class fare may be used, again with prior approval and documentation. Charter travel is sometimes employed for athletic teams, including coaches, when such travel is the least costly method of transportation. Under the university's travel policy, the university does not pay the travel costs of companions, unless there is a valid university business purpose for the companion's travel. Written approval must be obtained in advance from the appropriate dean or vice president documenting the reason for incurring the expense. When the university uses chartered air or ground transportation, travel for companions may occasionally be provided if the university incurs no additional cost. The president of the university is required to occupy university-owned housing as a condition of employment. Housekeeping staff and groundskeepers are provided for such property. The cost of such services not related to public areas of the house is included in compensation reported. The fair market value of the housing provided, based on the appraised value of the house, is reported in the president's compensation as a non-taxable benefit. Health or social club dues were paid for the president of the university and included in compensation reported. Part I, Line 4a The following officer(s), director(s), trustee(s), key employee(s) and/or highest compensated employees participated in or received payment from a supplemental non-qualified retirement plan in calendar 2009: David Leebron $438,593 vested, $123,750 award Eugene Levy $66,186 distribution, $50,000 award Scott Wise $214,930 distributions, $170,000 awards Part I, Line 7 Contracts of certain individuals include provisions that allow them to receive additional compensation if specific criteria are met or performance thresholds are achieved. Payments were made under contract in calendar 2009 to Scott Wise, David Bailiff and Benjamin Braun. Bonus payments were made in calendar 2009 to: Katherine Collins, Kevin Kirby, David Bailiff and Christopher Munoz. City of Houston Higher Education Finance Corporation 760387014 442378DW2 2008-06-04 200000000 Construction bond 0 0 City of Houston Higher Education Finance Corporation 760387014 442378DA0 2007-06-12 314632000 Construction bond 0 0 City of Houston Higher Education Finance Corporation 760387014 442378BZ7 2006-03-01 147180000 Refunding (07/20/99, 02/03/06) 0 0 City of Houston Higher Education Finance Corporation 760387014 442378DZ5 2010-06-01 139887000 Construction bond 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LNE2 2010-03-04 10000000 Rollover CP (11/12/09) 0 0 200000000 1102506 170898000 2009 1 0 1 1 312577000 2493655 292138345 2010 1 0 1 1 147180000 829157 1 1 1 1 139887000 99615630 1186594 39084772 0 0 0 1 10000000 10000000 2010 0 0 1 1 0 1 1 1 1 0.00000 0.00000 0.00000 1 0 1 1 1 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 1 1 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 1 LB Bayerische Landesbank 1.700000000000 1 0 1 0 0 0 1 JP Morgan Chase 1.900000000000 1 0 1 0 1 1 JP Morgan Chase and MS 23.700000000000 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 1 City of Houston Higher Education Finance Corporation 760387014 44237LNG7 2010-03-10 10000000 Rollover CP (12/08/09) 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LNP7 2010-06-10 10000000 Rollover CP (01/12/2010) 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LNH5 2010-04-06 10000000 Rollover CP (12/10/09) 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LNC6 2010-02-09 10000000 Rollover CP (11/02/09) 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LNL6 2010-06-01 10000000 Rollover CP (02/04/10) 0 0 10000000 10000000 2010 0 0 1 1 10000000 10000000 2010 0 0 1 1 10000000 10000000 2010 0 0 1 1 10000000 10000000 2010 0 0 1 1 10000000 10000000 2010 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 1 1 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 1 City of Houston Higher Education Finance Corporation 760387014 44237LNM4 2010-06-09 5000000 Rollover CP (04/08/10) 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LNN2 2010-06-09 3400000 Rollover CP (05/06/10) 0 0 City of Houston Higher Education Finance Corporation 760387014 44237LNF9 2010-03-09 5000000 Rollover CP (12/08/09) 0 0 5000000 5000000 2010 0 0 1 1 3400000 3400000 2010 0 0 1 1 5000000 5000000 2010 0 0 1 1 0 0 1 1 1 0.00000 0.00000 0.00000 1 0 0 0 1 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 1 Christopher Munoz Relocation X 40000 10730 0 1 1 10730 Y Ping Sun President's spouse 102748 Employee 0 Benchmark Capital Funds Trustee is partner 960792 Inv fee 0 Sterling Group Partners Fund Partner is family member of officer 128834 Inv fee 0 Mary Farach-Carson Key employee's spouse 217883 Employee 0 SCF Partners Funds Trustee is partner 613686 Inv mgmt fee 0 X 4 16825 FMV X 1313 FMV X 200 FMV X 1 1200 FMV X 126 21454562 Share price nat'l exchg X 2 2 Nominal X Blade servers 1 32421 FMV X Trees 1 3500 FMV X Supercomputer 1 7641586 FMV X Video 1 3200 FMV X Invitations and food 2 3876 FMV X Pool table 1 3300 FMV X Linear motor stage 1 2947 FMV X Computer 1 200 FMV X Music books and CDs 3 2022 FMV X Violin 1 4000 FMV X Xylomarimba 1 500 FMV 0 1 0 Form 990, Part VI, Section A, line 2 Family and business relationships between officers, directors, trustees, key employees and the university are fully disclosed on Schedule L. Form 990, Part VI, Section B, line 11 A draft copy of Form 990 is discussed with the Audit Committee of the Board of Trustees and the final Form 990 is provided to all of the trustees before it is filed. It is also presented to the Compensation and Organizational Development (CORD) Committee of the Board of Trustees. The Form 990 is prepared by the Controller's Office, reviewed within the Controller's Office, reviewed by PricewaterhouseCoopers as the paid preparer, reviewed by the Vice President for Finance and the President together with other senior management before it is provided to the trustees. Form 990, Part VI, Section B, line 12c A conflict of interest questionnaire is completed annually by officers, directors, trustees, key employees and other disqualified persons. Members of the university's Board of Trustees and senior management may, from time to time, be associated, either directly or through interlocking board memberships, with entities doing business with the university. The university employs a conflict of interest policy that requires any such associations be disclosed in writing on an annual basis. When such associations exist, measures are taken to mitigate any actual or perceived conflict, including recusal of the board member from any decisions involving the entity doing business with the university. The transactions with the entities associated with trustees or senior management are not considered to be significant and may include investment management, common participation in investment vehicles, or the purchases of goods or services. When the university enters into such transactions, the prices are set at fair market value and the terms are no less beneficial than those offered to others in the ordinary course of business. Form 990, Part VI, Section B, line 15 Compensation of the organization's officers is determined by the CORD committee of the Board of Trustees based on comparability data. The deliberations and decisions of the CORD committee of the Board of Trustees are contemporaneously documented as are all meetings of the Board and its committees. Form 990, Part VI, Section C, line 19 The articles of incorporation are filed with the state and are publicly available. The financial statements are available to the public on the university's website and by request. Copies of the tax return are available to the public on request. Form 990 Part VII Section B Independent Contractors Effective April 1, 2010, Kerdock became Perficient. Part XI Line 2c The process has not changed from the prior year. Schedule D Part III 1 b ii Art, historical treasures and other similar assets The asset amount reported for art held for public exhibition includes the construction and installation costs for outdoor sculpture. Schedule D Part V 1b Contributions Contributions amount includes $4,650,000 of transfers and other additions for which there is no specific line on the schedule. Form 990 Part V Line 4b, Schedule F Foreign financial accounts The university participates in a number of alternative investment arrangements including partnerships based in foreign countries. The university does not have access to any bank accounts that may be maintained by the partnership nor direct control over any partnership assets. The university is in compliance with reporting requirements and files IRS forms 926, 5471 and 8865 as required as well as TDF form 90.22-1 timely. The university has a bank account in France associated with an educational program in the School of Architecture. All other accounts listed are alternative investments as described above. Sch G Part II col b Fundraising events The fundraising event revenue includes ticket sales for paid admissions. The event expenses include costs for paid and unpaid attendees; Rice invited a number of guests at its expense for donor development purposes. Schedule J lines 15a and 15b Compensation The CORD Committee of the Board of Trustees of Rice University employs a process for reviewing the reasonableness of compensation for the President and other disqualified persons at Rice University, which includes some key employees, pursuant to Section 4958 of the Internal Revenue Code. The written process is annually reviewed prior to approval of changes to compensation for all disqualified persons at Rice, and is revised from time to time to add new disqualified persons as appropriate. The original roster of disqualified persons was most recently reviewed in March 2009. The committee's process is intended to assure the Board of Trustees that compensation arrangements for all disqualified persons are reasonable and satisfy the requirements of the Internal Revenue Code and regulations. The process is as follows: 1) Ensuring that the terms of transactions are approved by organization's governing body, or a committee thereof, whose members have no conflict of interest with respect to the arrangement. a) Board of Trustees delegated authority to the CORD Committee to act on behalf of the Board in these matters at its meeting on March 25, 1999. b) Total compensation package will be reviewed and approved by CORD Committee prior to the beginning of the fiscal year, or before the effective date of specific pay increases, and usually at the May Compensation Committee meeting, via a later telephonic meeting or by written consent in lieu of a meeting. c) None of the members of the CORD Committee has a conflict of interest with respect to this arrangement. d) Members will recuse themselves from any vote in which they have a potential conflict of interest. 2) Ensuring that the governing body or committee obtains and relies upon appropriate, comparable data before making its determination. a) Rice participates in the Towers Watson annual survey of select universities' executive compensation, and appropriate additional and special surveys. These reports reflect compensation of universities of a stature similar to that of Rice, and with whom Rice competes for faculty and staff. b) The President's recommendations for any revisions to compensation of disqualified persons (other than himself) are reviewed by the Committee and compared to appropriate peer survey information for reasonableness. c) The Committee reviews appropriate peer surveys and compares them to the President's compensation prior to making any decision to revise the President's compensation. d) The Committee may also seek and rely on other relevant information in a given case, including compensation levels paid by other taxable and tax-exempt organizations for functionally comparable positions, geographic market forces, and actual written offers from similar institutions competing for the services of the disqualified person. e) The CORD Committee will rely on this data in approving compensation, and will document any determinations that reasonable compensation is an amount more than the range of comparable data. 3) Ensuring that the governing body or committee adequately documents basis for making determination concurrently with making decision: a) Minutes documenting the deliberations of the CORD Committee regarding such matters are prepared contemporaneously, for approval at its next meeting. Schedule K Bond Issue A CHHEFC Rice University Series 2008A and 2008B have CUSIP numbers 442378DW2 and 442378DV4. Schedule K Bond Issue B CHHEFC Rice University Series 2007A and 2007B have the following CUSIP numbers: 442378CD5, 442378CE3, 442378CF0, 442378CG8, 442378CH6, 442378CJ2, 442378CK9, 442378CL7, 442378CM5, 442378CN3, 442378CP8, 442378CQ6, 442378CR4, 442378CS2, 442378CT0, 442378CU7, 442378CV5, 442378CW3, 442378CX1, 442378CY9, 442378CZ6. 442378DA0 Schedule K Bond Issue C CHHEFC Rice University Series 2006A and 2006B have CUSIP numbers 442378BZ7 and 442378CA1. Sch K The university has a policy barring private business use in debt-financed buildings. The university has a policy allocating equity first to any incidental private business use, such as the presence of a vending machine. Sch K Part II line 7 Capital expenditures are less than proceeds minus issuance costs because some of the proceeds were expended on current refunding of prior issues. The amount of current refunding is not included in line 3 because the amount is not in escrow. Schedule L Part II Loans to and from interested persons The loan to Christopher Munoz was negotiated as part of the compensation package at the time of his employment in 2006 and was reported to the compensation committee of the Board of Trustees at its next meeting. Sch L During the tax year, trustees Kent Anderson and Robert Clarke had both family and business relationships. Trustees Kent Anderson and L.E. Simmons have a business relationship. Trustees Nancy Carlson and Keith Anderson have a business relationship. Trustees Robert Maxfield and Ken Oshman have a business relationship. Sch R Part II CCR Inc. is a Type I supporting organization under 509(a)3 990 Part I lines 9 and 13 Tuition discount For the tax year 2009 the tuition discount (amount of aid awarded from university funds to its own students) has been grossed up in the tuition revenue and scholarship expense. Schedule B Contributions One listed gift consisted of equipment and cash. Some listed contributions were paid with financial instruments rather than cash. JTVP and Rice University 6100 Main Street Houston TX 77005 741109620 Architectural education TX 0 0 William Marsh Rice University Village Real Property 6100 Main Street Houston TX 77005 760353959 Real estate title holding TX 501(c)(2) William Marsh Rice University Village Projects Inc 6100 Main Street Houston TX 77005 760371337 Real estate title holding TX 501(c)(2) William Marsh Rice University JTVP Corporation 6100 Main Street Houston TX 77005 760258573 Real estate title holding TX 501(c)(2) William Marsh Rice University Village Venturers Inc 6100 Main Street Houston TX 77005 760258561 Real estate title holding TX 501(c)(2) William Marsh Rice University Rice Land Lumber Co 6100 Main Street Houston TX 77005 746045400 Real estate title holding TX 501(c)(2) William Marsh Rice University RU Corporation 6100 Main Street Houston TX 77005 746081393 Real estate title holding TX 501(c)(2) William Marsh Rice University Rice Trust Inc 6100 Main Street Houston TX 77005 741698122 Trust company TX 501(c)(4) William Marsh Rice University CCR Inc 6100 Main Street Houston TX 77005 383751177 Type I supporting organization TX 501(c)(3) Line 11a, I William Marsh Rice University RI Patents 6100 Main Street Houston TX 77005 746067201 Patent company TX William Marsh Rice University C 1.00000 WMR Technology 6100 Main Street Houston TX 77005 760255197 Patent company TX William Marsh Rice University C 1.00000 Peabody Inc 6100 Main Street Houston TX 77005 412049836 Real estate title holding TX William Marsh Rice University C 1.00000 0 1 0 0 0 1 0 0 1 1 1 0 1 1 0 1 1 1 Rice Trust Inc N 189624 Village Real Property Inc R 666735 Village Projects R 775977 Rice Land Lumber R 5498045 Center for Collaborative Research F 183536845 Center for Collaborative Research J 9959360 Center for Collaborative Research I 2000000 Center for Collaborative Research P 3694084 Center for Collaborative Research B 6666849 Center for Collaborative Research Q 809936 Village Venturers R 128176