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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WILLIAM KIESEL</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1</AverageHoursPerWeek>
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        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHARLES JOHNSTON</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1</AverageHoursPerWeek>
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        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BARRY HOWARD</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1</AverageHoursPerWeek>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>POLLY HIX</NamePerson>
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        <AverageHoursPerWeek>1</AverageHoursPerWeek>
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        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DJ HINES</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1</AverageHoursPerWeek>
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        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>EMMANUEL HARRIS</NamePerson>
        <Title>TRUSTEE</Title>
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      <Form990PartVIISectionA>
        <NamePerson>HOLBROOK HANKINSON</NamePerson>
        <Title>TRUSTEE</Title>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SUE ANNE GILROY</NamePerson>
        <Title>TRUSTEE</Title>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHARLES GARCIA</NamePerson>
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      <Form990PartVIISectionA>
        <NamePerson>GEORGE FLEETWOOD</NamePerson>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MURVIN ENDERS</NamePerson>
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      <Form990PartVIISectionA>
        <NamePerson>ROLAND DORSON</NamePerson>
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        <AverageHoursPerWeek>1</AverageHoursPerWeek>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DEBORAH DANIELS</NamePerson>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MICHAEL COYNER</NamePerson>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>STEPHEN CARSON</NamePerson>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DEBORAH BALOGH</NamePerson>
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      <Form990PartVIISectionA>
        <NamePerson>MICHAEL L BRAUGHTON</NamePerson>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BEVERLEY PITTS</NamePerson>
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        <NamePerson>MARK WEIGAND</NamePerson>
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      </Form990PartVIISectionA>
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        <NamePerson>ANITA SICCARDI</NamePerson>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>GEORGE WEIMER</NamePerson>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JOHN BATEY</NamePerson>
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      </Form990PartVIISectionA>
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        <NamePerson>MARY MOORE</NamePerson>
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      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JAMES SMITH</NamePerson>
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      </Form990PartVIISectionA>
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          <NamePerson>F A WILHELM CONSTRUCTION</NamePerson>
        </NameOfContractor>
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            <State>IN</State>
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        </AddressOfContractor>
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      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
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      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
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      <ProgramServiceRevenue>
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      </TotalOthProgramServiceRevenue>
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      </RoyaltiesRevenue>
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      <OtherRevenueMisc>
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      <GrantsToDomesticIndividuals>
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        <ProgramServices>25147330</ProgramServices>
      </GrantsToDomesticIndividuals>
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        <ProgramServices>0</ProgramServices>
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      <BenefitsToMembers>
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        <ProgramServices>0</ProgramServices>
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      <CompCurrentOfficersDirectors>
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      </PayrollTaxes>
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        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </FeesForServicesManagement>
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        <ManagementAndGeneral>382922</ManagementAndGeneral>
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      </FeesForServicesLegal>
      <FeesForServicesAccounting>
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        <ProgramServices>0</ProgramServices>
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        <Fundraising>0</Fundraising>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
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        <ManagementAndGeneral>710</ManagementAndGeneral>
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      </FeesForServicesLobbying>
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        <Fundraising>0</Fundraising>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
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      </FeesForServicesInvstMgmntFees>
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        <Fundraising>22726</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>776868</Total>
        <ProgramServices>127026</ProgramServices>
        <ManagementAndGeneral>637641</ManagementAndGeneral>
        <Fundraising>12201</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>3476845</Total>
        <ProgramServices>3027161</ProgramServices>
        <ManagementAndGeneral>333564</ManagementAndGeneral>
        <Fundraising>116120</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>5531917</Total>
        <ProgramServices>3234453</ProgramServices>
        <ManagementAndGeneral>2297464</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Royalties>
      <Occupancy>
        <Total>3461096</Total>
        <ProgramServices>3202720</ProgramServices>
        <ManagementAndGeneral>258376</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Occupancy>
      <Travel>
        <Total>1819369</Total>
        <ProgramServices>1770476</ProgramServices>
        <ManagementAndGeneral>31958</ManagementAndGeneral>
        <Fundraising>16935</Fundraising>
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      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>987742</Total>
        <ProgramServices>894936</ProgramServices>
        <ManagementAndGeneral>84328</ManagementAndGeneral>
        <Fundraising>8478</Fundraising>
      </ConferencesMeetings>
      <Interest>
        <Total>2470540</Total>
        <ProgramServices>2266336</ProgramServices>
        <ManagementAndGeneral>204204</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>5446117</Total>
        <ProgramServices>4991549</ProgramServices>
        <ManagementAndGeneral>454568</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>474532</Total>
        <ProgramServices>156569</ProgramServices>
        <ManagementAndGeneral>317963</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </Insurance>
      <OtherExpenses>
        <Description>ATHENS CAMPUS EXPENSES</Description>
        <Total>3258037</Total>
        <ProgramServices>1865843</ProgramServices>
        <ManagementAndGeneral>1392194</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EQUIPMENT PURCHASE AND REPAIR</Description>
        <Total>1188400</Total>
        <ProgramServices>962161</ProgramServices>
        <ManagementAndGeneral>225486</ManagementAndGeneral>
        <Fundraising>753</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BAD DEBT EXPENSE</Description>
        <Total>98474</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>98474</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MEMBERSHIPS</Description>
        <Total>341220</Total>
        <ProgramServices>172707</ProgramServices>
        <ManagementAndGeneral>163408</ManagementAndGeneral>
        <Fundraising>5105</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>243204</Total>
        <ProgramServices>223267</ProgramServices>
        <ManagementAndGeneral>19937</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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      <TotalFunctionalExpenses>
        <Total>106968769</Total>
        <ProgramServices>94504394</ProgramServices>
        <ManagementAndGeneral>11197884</ManagementAndGeneral>
        <Fundraising>1266491</Fundraising>
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      <TotalJointCosts>
        <Total>0</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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      <CashNonInterestBearing>
        <BOY>15100</BOY>
        <EOY>16100</EOY>
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      <SavingsAndTempCashInvestments>
        <BOY>8489414</BOY>
        <EOY>13275703</EOY>
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      <PledgesAndGrantsReceivable>
        <BOY>636412</BOY>
        <EOY>378540</EOY>
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      <AccountsReceivable>
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        <EOY>1565722</EOY>
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      <ReceivablesFromOfficersEtc>
        <BOY>0</BOY>
        <EOY>0</EOY>
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      <ReceivablesFromDisqualPersons>
        <BOY>0</BOY>
        <EOY>0</EOY>
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      <OtherNotesLoansReceivableNet>
        <BOY>3371179</BOY>
        <EOY>3259217</EOY>
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      <InventoriesForSaleOrUse>
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        <EOY>0</EOY>
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        <BOY>455197</BOY>
        <EOY>1013004</EOY>
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      <LandBuildingsEquipmentBasis>154166368</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>64294366</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
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        <BOY>29938160</BOY>
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      <InvestmentsProgramRelated>
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        <EOY>837892</EOY>
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        <EOY>0</EOY>
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        <BOY>22700179</BOY>
        <EOY>7623069</EOY>
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      <TotalAssets>
        <BOY>182971285</BOY>
        <EOY>180209335</EOY>
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      <AccountsPayableAccruedExpenses>
        <BOY>5170682</BOY>
        <EOY>4916446</EOY>
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      <GrantsPayable>
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        <EOY>0</EOY>
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        <EOY>1690709</EOY>
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      <TaxExemptBondLiabilities>
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      <EscrowAccountLiability>
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        <EOY>0</EOY>
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      <LoansFromOfficersDirectors>
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      <MortNotesPyblSecuredInvestProp>
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        <EOY>0</EOY>
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      <UnsecuredNotesLoansPayable>
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        <BOY>8470955</BOY>
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        <BOY>87652097</BOY>
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      <FollowSFAS117>X</FollowSFAS117>
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        <EOY>0</EOY>
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      <PaidInCapSrplsLandBldgEqpFund>
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        <EOY>0</EOY>
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      <RetainedEarningsEndowmentEtc>
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        <EOY>0</EOY>
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        <BOY>95319188</BOY>
        <EOY>104047977</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>182971285</BOY>
        <EOY>180209335</EOY>
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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="09000329" softwareVersion="v2009.2.0">
      <School170b1Aii>X</School170b1Aii>
      <ContribByControllingIndividual>false</ContribByControllingIndividual>
      <ContributionByRelatedParty>false</ContributionByRelatedParty>
      <ContribBy35ControlledEntity>false</ContribBy35ControlledEntity>
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      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
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        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
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      <PaidStaffOrManagement>false</PaidStaffOrManagement>
      <MediaAdvertisements>false</MediaAdvertisements>
      <MailingsMembers>false</MailingsMembers>
      <PublicationsOrBroadcast>false</PublicationsOrBroadcast>
      <GrantsOtherOrganizations>false</GrantsOtherOrganizations>
      <DirectContactLegislators>false</DirectContactLegislators>
      <RalliesDemonstrations>false</RalliesDemonstrations>
      <OtherActivities>true</OtherActivities>
      <OtherActivitiesAmount>710</OtherActivitiesAmount>
      <TotalLobbyingExpendituresIIB>710</TotalLobbyingExpendituresIIB>
      <NotDescribedIn501c3>false</NotDescribedIn501c3>
      <Form990ScheduleCPartIV>
        <Identifier>Other lobbying activities</Identifier>
        <ReturnReference>Schedule C, Part II-B, Line 1i</ReturnReference>
        <Explanation>THE UNIVERSITY PAYS DUES TO VARIOUS ORGANIZATIONS THAT USE A PORTION OF THE FUNDS FOR LOBBYING.</Explanation>
      </Form990ScheduleCPartIV>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="09000329" softwareVersion="v2009.2.0">
      <ArtPublicExhibitionAmts>
        <RevenuesIncluded>5</RevenuesIncluded>
        <AssetsInPartX>1712074</AssetsInPartX>
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      <CollectUsedForPublicExhibition>X</CollectUsedForPublicExhibition>
      <CollectUsedForScholarResearch>X</CollectUsedForScholarResearch>
      <CollectUsedForPreservation>X</CollectUsedForPreservation>
      <SolicitedAssetsForSale>false</SolicitedAssetsForSale>
      <CurrentYear>
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        <Contributions>1501337</Contributions>
        <InvestmentEarningsOrLosses>7477732</InvestmentEarningsOrLosses>
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        <Contributions>288779</Contributions>
        <InvestmentEarningsOrLosses>-13675001</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>794119</GrantsOrScholarships>
        <OtherExpenditures>2161953</OtherExpenditures>
        <AdministrativeExpenses>360588</AdministrativeExpenses>
        <EndOfYearBalance>54272503</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <BoardDesignatedEOYBalance>0.0009</BoardDesignatedEOYBalance>
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      <TermEndowmentEOYBalance>0.5241</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <InvestmentCostOrOtherBasis>0</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>2387928</OtherCostOrOtherBasis>
        <BookValue>2387928</BookValue>
      </Land>
      <Buildings>
        <InvestmentCostOrOtherBasis>0</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>120276146</OtherCostOrOtherBasis>
        <Depreciation>49237676</Depreciation>
        <BookValue>71038470</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <InvestmentCostOrOtherBasis>0</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>10040103</OtherCostOrOtherBasis>
        <Depreciation>5698351</Depreciation>
        <BookValue>4341752</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <InvestmentCostOrOtherBasis>0</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>17714280</OtherCostOrOtherBasis>
        <Depreciation>9358339</Depreciation>
        <BookValue>8355941</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <InvestmentCostOrOtherBasis>0</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>3747911</OtherCostOrOtherBasis>
        <Depreciation>0</Depreciation>
        <BookValue>3747911</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>89872002</TotalOfBookValueLandBuildings>
      <FinancialDerivatives>
        <BookValue>0</BookValue>
      </FinancialDerivatives>
      <CloselyHeldEquityInterests>
        <BookValue>0</BookValue>
      </CloselyHeldEquityInterests>
      <OtherSecurities>
        <Description>MUTUAL FUNDS - BONDS</Description>
        <BookValue>1276348</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>MUTUAL FUNDS - EQUITIES</Description>
        <BookValue>28652025</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>HEDGE FUNDS</Description>
        <BookValue>4477171</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>PARTNERSHIPS</Description>
        <BookValue>827569</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>JEWELRY</Description>
        <BookValue>25000</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>35258113</TotalOfBookValueSecurities>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>RETIREMENT AGREEMENTS</Description>
        <Amount>53226</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>INTEREST RATE SWAP AGREEMENTS</Description>
        <Amount>5060719</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>STUDENT DEPOSITS</Description>
        <Amount>902882</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>FUNDS HELD FOR OTHER ORGANIZATIONS</Description>
        <Amount>620671</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>ATHENS PURCHASE LIABILITY</Description>
        <Amount>93286</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>ANNUITIES AND TRUST OBLIGATIONS</Description>
        <Amount>2542329</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>9273113</TotalOfAmounts>
      <TotalRevenue>109981981</TotalRevenue>
      <TotalExpenses>106968769</TotalExpenses>
      <ExcessOrDeficitForYear>3013212</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>7748363</NetUnrealizedGLOnInvestments>
      <DonatedServicesAndFacilities>0</DonatedServicesAndFacilities>
      <InvestmentExpenses>0</InvestmentExpenses>
      <PriorPeriodAdjustments>0</PriorPeriodAdjustments>
      <OtherAmount>-2032786</OtherAmount>
      <TotalAdjustments>5715577</TotalAdjustments>
      <ExcessOrDeficitPerFS>8728789</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>90677776</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>7748363</NetUnrealizedGainsInvestments>
      <DonatedSrvcAndUseOfFacilities>0</DonatedSrvcAndUseOfFacilities>
      <RecoveriesOfPriorYearGrants>0</RecoveriesOfPriorYearGrants>
      <OtherRevenues>-1863693</OtherRevenues>
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      <RevenueSubtotal>84793106</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>90975</InvestmentExpensesNotIncluded>
      <OtherRevenuesNotIncluded>25097900</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>25188875</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>109981981</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>81948987</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>0</DonatedServicesUseOfFacilities>
      <PriorYearAdjustments>0</PriorYearAdjustments>
      <LossesReported>0</LossesReported>
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      <ExpensesNotRptdF990>169093</ExpensesNotRptdF990>
      <ExpensesSubtotal>81779894</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>90975</InvestmentExpensesNotIncluded2>
      <OtherExpensesNotIncluded>25097900</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>25188875</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>106968769</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Collections of art - description of collections</Identifier>
        <ReturnReference>Schedule D, Part III, Line 4</ReturnReference>
        <Explanation>THE UNIVERSITY HOLDS COLLECTIONS OF ART WHICH ARE DISPLAYED IN VARIOUS BUILDINGS ON THE UNIVERSITY CAMPUS FOR VIEWING BY THE PUBLIC. THE UNIVERSITY ALSO HOLDS RARE BOOKS IN THE LIBRARY FOR VIEWING AND RESEARCH.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Intended uses of endowment funds</Identifier>
        <ReturnReference>Schedule D, Part V, Line 4</ReturnReference>
        <Explanation>THE ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR SCHOLARSHIPS FOR STUDENTS, ACADEMIC AND PROGRAM SUPPORT, BUILDING MAINTENANCE AND GENERAL OPERATIONS SUPPORT.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>FIN 48 footnote</Identifier>
        <ReturnReference>Schedule D, Part X, Line 2</ReturnReference>
        <Explanation>THE UNIVERSITY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE UNIVERSITY IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE UNIVERSITY IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. CURRENT ACCOUNTING STANDARDS REQUIRE THE UNIVERSITY TO DISCLOSE THE AMOUNT OF POTENTIAL BENEFIT OR OBLIGATION TO BE REALIZED AS A RESULT OF AN EXAMINATION PERFORMED BY A TAXING AUTHORITY. FOR THE YEARS ENDED JUNE 30, 2010 AND 2009, MANAGEMENT HAS DETERMINED THAT THE UNIVERSITY DOES NOT HAVE ANY TAX POSITIONS THAT RESULT IN ANY UNCERTAINTIES REGARDING THE POSSIBLE IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2007. THE UNIVERSITY RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE UNIVERSITY DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2010. THE ATHENS, GREECE CAMPUS IS INCORPORATED AS A GREEK NOT-FOR-PROFIT CORPORATION. ACCORDING TO THE INTERPRETATION OF THE GREEK TAX AUTHORITIES, PRIVATE COLLEGE AND UNIVERSITY PROFITS FROM EDUCATIONAL ACTIVITIES SHOULD BE SUBJECT TO TAXES AT THE TAX RATE OF 25%. INCOME TAXES ARE ALSO LEVIED ACCORDING TO THE GREEK TAX LAW ON THE UNIVERSITY'S RESIDENCE HALL ACTIVITIES. THE ATHENS, GREECE CAMPUS IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2007.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Other changes in net assets</Identifier>
        <ReturnReference>Schedule D, Part XI, Line 8</ReturnReference>
        <Explanation>CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENT - -1704362; FOREIGN CURRENCY TRANSLATION - -29014; CHANGE IN SPLIT-INTEREST AGREEMENT - -299410; OTHER - 0; TOTAL - -2032786</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
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        <ReturnReference>Schedule D, Part XII, Line 2d</ReturnReference>
        <Explanation>CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENT - -1704362; FOREIGN CURRENCY TRANSLATION - -29014; CHANGE IN SPLIT-INTEREST AGREEMENT - -299410; RENTAL EXPENSES - 95999; OTHER - 73094; TOTAL - -1863693</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
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        <ReturnReference>Schedule D, Part XII, Line 4b</ReturnReference>
        <Explanation>SCHOLARSHIPS AND ASSISTANCE - 25097900; OTHER - 0; TOTAL - 25097900</Explanation>
      </Form990ScheduleDPartXIV>
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        <Identifier>Other expenses in audited financial statements not in form 990</Identifier>
        <ReturnReference>Schedule D, Part XIII, Line 2d</ReturnReference>
        <Explanation>RENTAL EXPENSES - 95999; FUNDRAISING EXPENSES - 47710; LOSS ON DISPOSAL OF FIXED ASSETS - 25384; OTHER - 0; TOTAL - 169093</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Other expenses in form 990 not in audited financial statements</Identifier>
        <ReturnReference>Schedule D, Part XIII, Line 4b</ReturnReference>
        <Explanation>SCHOLARSHIPS AND ASSISTANCE - 25097900; OTHER - 0; TOTAL - 25097900</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE" softwareId="09000329" softwareVersion="v2009.2.0">
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        <BaseCompensationFilingOrg>186007</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>8700</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>13568</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>500</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>208775</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>15000</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MICHAEL L BRAUGHTON</NamePerson>
        <BaseCompensationFilingOrg>154024</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>8700</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>12280</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>14750</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>189754</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>5000</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>BEVERLEY PITTS</NamePerson>
        <BaseCompensationFilingOrg>287167</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>14933</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>19600</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>12500</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>334200</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>42000</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>Travel for companions</Identifier>
        <ReturnReference>Schedule J, Part I, Line 1a</ReturnReference>
        <Explanation>THE UNIVERSITY PROVIDED TRAVEL FOR THE SPOUSE OF THE PRESIDENT. THE TRAVEL FOR COMPANIONS PROVIDED BY THE UNIVERSITY IS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Housing allowance or residence for personal use</Identifier>
        <ReturnReference>Schedule J, Part I, Line 1a</ReturnReference>
        <Explanation>THE UNIVERSITY PROVIDES A RESIDENCE FOR THE PRESIDENT OF THE INSTITUTION. THE RESIDENCE IS NOT TREATED AS TAXABLE COMPENSATION TO THE PRESIDENT. THE PRESIDENT IS REQUIRED TO OCCUPY THE RESIDENCE AND IT IS ON THE CAMPUS GROUNDS.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Personal services</Identifier>
        <ReturnReference>Schedule J, Part I, Line 1a</ReturnReference>
        <Explanation>THE UNIVERSITY PAYS FOR THE HOUSEKEEPING AND MAINTENANCE OF THE PRESIDENT'S RESIDENCE. THE BENEFIT IS NOT TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Non-fixed payments</Identifier>
        <ReturnReference>Schedule J, Part I, Line 7</ReturnReference>
        <Explanation>CERTAIN INDIVIDUALS WERE PAID AMOUNTS DUE UNDER A NOW DISCONTINUED EARLY RETIREMENT PROGRAM. THE PAYMENTS WERE LUMP SUM ONE TIME PAYMENTS. THESE INDIVIDUALS WERE REQUIRED TO RETIRE FROM THE UNIVERSITY IN ORDER TO RECEIVE THE PAYMENT. THE INDIVIDUALS WHO RECEIVED THIS PAYMENT WERE ANITA SICCARDI, GEORGE WEIMER, AND JOHN BATEY.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK1" softwareId="09000329" softwareVersion="v2009.2.0">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>INDIANA EDUCATIONAL FACILITIES AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>521698917</IssuerEIN>
        <CUSIPNumber>4550482Y3</CUSIPNumber>
        <DateIssued>2004-11-04</DateIssued>
        <IssuePrice>10153169</IssuePrice>
        <DescriptionOfPurpose>RENOVATION OF CAMPUS FACILITIES AND REFUNDING OF 10/28/1992 BOND ISSUE</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>INDIANA HEALTH AND EDUCATIONAL FACILITY FINANCING AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>351611409</IssuerEIN>
        <CUSIPNumber>454795CP8</CUSIPNumber>
        <DateIssued>2007-01-31</DateIssued>
        <IssuePrice>11343191</IssuePrice>
        <DescriptionOfPurpose>REFUND THE 6/1/1999 BOND ISSUE</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>INDIANA FINANCE AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>351602316</IssuerEIN>
        <CUSIPNumber>455057NM7</CUSIPNumber>
        <DateIssued>2008-05-20</DateIssued>
        <IssuePrice>30000000</IssuePrice>
        <DescriptionOfPurpose>RENOVATION OF CAMPUS FACILITIES</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>10222925</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <AmountDefeased>0</AmountDefeased>
        <AmountUnspent>0</AmountUnspent>
        <IssuanceCostsFromProceeds>141675</IssuanceCostsFromProceeds>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>9000000</CapitalExpenditures>
        <YearOfSubstCompletion>2007</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>12551968</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <AmountDefeased>0</AmountDefeased>
        <AmountUnspent>0</AmountUnspent>
        <IssuanceCostsFromProceeds>178086</IssuanceCostsFromProceeds>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>0</CapitalExpenditures>
        <YearOfSubstCompletion>2009</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>true</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>30793300</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <AmountDefeased>0</AmountDefeased>
        <AmountUnspent>5320123</AmountUnspent>
        <IssuanceCostsFromProceeds>231629</IssuanceCostsFromProceeds>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>29768371</CapitalExpenditures>
        <YearOfSubstCompletion>2011</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>false</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0.000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0.000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0.000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <TermOfHedge>0.0</TermOfHedge>
        <TermOfGIC>0.0</TermOfGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>true</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>true</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>true</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>PNC BANK</BusinessNameLine1>
        </NameOfHedgeProvider>
        <TermOfHedge>30.0</TermOfHedge>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>true</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleM documentId="IRS990ScheduleM" softwareId="09000329" softwareVersion="v2009.2.0">
      <WorksOfArt>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>5</NumberOfContributions>
        <NoncashContribsRptdF990>5</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>VALUED AT $1 EACH</MethodOfDeterminingRevenues>
      </WorksOfArt>
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>14</NumberOfContributions>
        <NoncashContribsRptdF990>70581</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>MARKET VALUE</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>MUSIC AND RECORDS</Description>
        <NumberOfContributions>3</NumberOfContributions>
        <NoncashContribsRptdF990>1708</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>OPINIONS OF EXPERTS</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>EQUIPMENT</Description>
        <NumberOfContributions>2</NumberOfContributions>
        <NoncashContribsRptdF990>17072</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>REPLACEMENT COST</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>CALENDARS</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>7341</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>REPLACEMENT COST</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>TELEVISIONS</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>15000</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>REPLACEMENT COST</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>MUSICAL INSTRUMENTS</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>71380</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>OPINIONS OF EXPERTS</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>GIFT CARD</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>100</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>REPLACEMENT COST</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>PEDOMETERS</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>4175</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>REPLACEMENT COST</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>VARIOUS FOOD DONATIONS</Description>
        <NumberOfContributions>2</NumberOfContributions>
        <NoncashContribsRptdF990>10208</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>COST</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <NumberOf8283Received>1</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>true</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>Third parties used to solicit, process, or sell noncash contributions</Identifier>
        <ReturnReference>Schedule M, Part I, Line 32a</ReturnReference>
        <Explanation>THE UNIVERSITY USES UBS SECURITIES TO RECEIVE AND SELL GIFTS OF SECURITIES.</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="09000329" softwareVersion="v2009.2.0">
      <GeneralExplanation>
        <Identifier>Description of other program services</Identifier>
        <ReturnReference>Form 990, Part III, Line 4d</ReturnReference>
        <Explanation>COMMUNITY SERVICES IS THE PUBLIC SERVICE ARM OF THE UNIVERSITY, IT CONSISTS OF PROVIDING SERVICE TO THE COMMUNITY AT LARGE, ESPECIALLY PROVIDING SERVICES FOR THE AGING THROUGH THE CENTER FOR AGING AND COMMUNITY. THROUGH GRANT AND CONTRACTS WITH THE STATE AND PRIVATE AGENCIES, ASSISTANCE AND TRAINING IS PROVIDED FOR THE AGING BOTH IN QUALITY OF LIVING AND STAYING ENGAGED IN THE WORKFORCE. AUXILIARY SERVICES CONSIST MAINLY OF THE HOUSING AND DINING FACILITIES THAT SERVE STUDENTS ON CAMPUS. THE MAIN FUNCTION IS TO PROVIDE A HEALTHY AND PLEASANT ENVIRONMENT TO ENHANCE THE STUDENTS' ACADEMIC AND SOCIAL NEEDS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Review of form 990 by governing body</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 11A</ReturnReference>
        <Explanation>THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS PROVIDED A COPY OF THE FORM 990 FOR THEIR REVIEW AND APPROVAL. AT THE NEXT REGULAR BOARD MEETING THE AUDIT COMMITTEE REPORTS THEIR APPROVAL OF THE FORM 990 TO THE BOARD OF TRUSTEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Conflict of interest policy</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 12c</ReturnReference>
        <Explanation>EACH BOARD MEMBER ANNUALLY SIGNS A CONFLICT OF INTEREST STATEMENT. THE PRESIDENT REVIEWS ALL SIGNED CONFLICT OF INTEREST STATEMENTS. IF A CONFLICT OF INTEREST IS DISCLOSED, THE BOARD OF AFFAIRS COMMITTEE REVIEWS THE DETAILS OF THE CONFLICT OF INTEREST TO ENSURE THAT THE RELATIONSHIPS ARE IDENTIFIED AND CONFLICTS ARE MONITORED. BOARD MEMBERS WITH CONFLICTS ABSTAIN FROM VOTING ON THOSE ISSUES INVOLVING THE CONFLICT. THE DEPARTMENT HEADS OF THE UNIVERSITY OF INDIANAPOLIS REVIEW ALL INVOICES AND TRANSACTIONS TO ENSURE REASONABLENESS AND FAIR MARKET VALUE, AND ALSO TO ENSURE THAT TRANSACTIONS BETWEEN INTERESTED PERSONS AND THE ORGANIZATION ARE MONITORED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Process used to establish compensation of top management official</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 15a</ReturnReference>
        <Explanation>THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE, USING COMPARABLE SALARY INFORMATION FROM FORM 990'S OF OTHER ORGANIZATIONS AND STUDIES BY THE JOURNAL OF HIGHER EDUCATION. THE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN COMMITTEE MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2009.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Public Disclosure</Identifier>
        <ReturnReference>Form 990, Part VI, Section C, Line 19</ReturnReference>
        <Explanation>FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Financial aid or assistance from a governmental agency</Identifier>
        <ReturnReference>Schedule E, Line 6a</ReturnReference>
        <Explanation>THE ORGANIZATION RECEIVES STUDENT FINANCIAL AID FROM A GOVERNMENTAL AGENCY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15B</ReturnReference>
        <Explanation>THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT. SHE DOES NOT USE COMPARABILITY DATA IN HER DETERMINATION. THE PROCESS IS DOCUMENTED IN EACH EMPLOYEE'S COMPENSATION FILE. THE PROCESS OF REVIEWING COMPENSATION IS AN ANNUAL PROCESS, WITH THE LAST REVIEW UNDERTAKEN IN 2009.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ISSUANCE COSTS FROM PROCEEDS</Identifier>
        <ReturnReference>SCHEDULE K, PART II, LINE 5</ReturnReference>
        <Explanation>2004 BOND ISSUE: PROCEEDS USED FOR BOND ISSUANCE COSTS = $141,675 TOTAL TO PART II, LINE 5 = $141,675 2007 BOND ISSUE: PROCEEDS USED FOR BOND ISSUANCE COSTS = $178,086 TOTAL TO PART II, LINE 5 = $178,086 2008 BOND ISSUE: PROCEEDS USED FOR BOND ISSUANCE COSTS = $169,000 PROCEEDS USED FOR CREDIT ENHANCEMENT = $62,629 TOTAL TO PART II, LINE 5 = $231,629</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR" softwareId="09000329" softwareVersion="v2009.2.0">
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>UINDY INTERNATIONAL LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1400 HANNA AVE</AddressLine1>
          <City>INDIANAPOLIS</City>
          <State>IN</State>
          <ZIPCode>46227</ZIPCode>
        </AddressUS>
        <EIN>350868107</EIN>
        <PrimaryActivities>EDUCATION</PrimaryActivities>
        <LegalDomicileForeignCountry>GR</LegalDomicileForeignCountry>
        <TotalIncome>3266388</TotalIncome>
        <EOYAssets>1075423</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>UNIVERSITY OF INDIANAPOLIS FOUNDATION</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1400 E HANNA AVE</AddressLine1>
          <City>INDIANAPOLIS</City>
          <State>IN</State>
          <ZIPCode>46227</ZIPCode>
        </AddressUS>
        <EIN>237101415</EIN>
        <PrimaryActivities>SUPPORT</PrimaryActivities>
        <LegalDomicileState>IN</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>11 - Type I</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>true</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>