2024-04-15T16:22:49-05:00 2023-05-31 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2022-06-01 910565571 PACIFIC LUTHERAN UNIVERSITY % NATHAN P VAILENCOUR PACI 2535357104 12180 PARK AVE S TACOMA WA 98447 PATRICK GEHRING TREASURER 2535357119 2024-04-15 true PATRICK GEHRING 999009999 Lauren R Denton P01571860 2604604000 2024-04-15 2 2022 2023-04-26 12:10:37Z NA ALLAN BELTON 12180 PARK AVE S TACOMA WA 98447 227930820 false X WWW.PLU.EDU X 1920 WA PLU PURPOSEFULLY INTEGRATES THE LIBERAL ARTS, PROFESSIONAL STUDIES AND CIVIC ENGAGEMENT THROUGH DISTINCTIVE INTERNATIONAL PROGRAMS AND FACULY MENTORED RESEARCH OPPORTUNITIES. 28 27 2160 485 484516 0 17862063 14753384 133948832 138324636 4337137 6180802 4218 -615457 156152250 158643365 65047649 68186198 0 0 57289965 58356691 0 0 1515166 29953026 35382345 152290640 161925234 3861610 -3281869 282361466 273406035 90649914 89304703 191711552 184101332 X PLU SEEKS TO EDUCATE STUDENTS FOR LIVES OF THOUGHTFUL INQUIRY, SERVICE, LEADERSHIP AND CARE - FOR OTHER PEOPLE, FOR THE COMMUNITY AND FOR THE EARTH. false false 107436271 68186198 119529895 ACADEMIC INSTRUCTION: PLU OFFERS 40 MAJORS AND 60 MINORS, AS WELL AS GRADUATE AND PROFESSIONAL PROGRAMS IN BUSINESS (MARKETING ANALYTIC AND BUSINESS ADMINISTRATION), CREATIVE WRITING, EDUCATION, MARRIAGE AND FAMILY THERAPY, KINESIOLOGY, AND NURSING. THE UNIVERSITY HELPS MORE THAN 2,737 STUDENTS FROM ALL FAITHS AND BACKGROUNDS DISCERN THEIR VOCATIONS THROUGH COURSEWORK, MENTORSHIP AND INTERNSHIPS AT WORLD-CLASS PUGET SOUND-AREA BUSINESSES AND INSTITUTIONS. PLU SEEKS STUDENTS FROM EVERY POSSIBLE BACKGROUND, ALL RELIGIONS, ALL RACES, ALL SOCIOECONOMIC GROUPS, ALL SEXUAL ORIENTATIONS, ALL AGES, FROM ALL OVER THE WORLD. FOR THE 2023-24 ACADEMIC YEAR, 54 PERCENT OF INCOMING FIRST-YEAR STUDENTS ARE FIRST GENERATION, COMING FROM FAMILIES WHERE NEITHER NATURAL NOR ADOPTIVE PARENTS RECEIVED A BACCALAUREATE DEGREE; 54 PERCENT SELF-IDENTIFY AS STUDENTS OF COLOR; AND 40 PERCENT ARE PELL GRANT-ELIGIBLE. THE FIRST AMERICAN UNIVERSITY TO HAVE STUDY AWAY CLASSES ON ALL SEVEN CONTINENTS SIMULTANEOUSLY, PLU ALSO IS THE FIRST PRIVATE UNIVERSITY ON THE WEST COAST TO RECEIVE THE PRESTIGIOUS SENATOR PAUL SIMON AWARD FOR CAMPUS INTERNATIONALIZATION. PLU HOSTS AN EMMY AWARD-WINNING MEDIALAB; A MACARTHUR AWARD-WINNING DETACHMENT OF ARMY ROTC; AND MORE THAN 80 CLUBS AND ACTIVITIES, INCLUDING 18 VARSITY ATHLETIC TEAMS IN THE NORTHWEST CONFERENCE OF NCAA DIVISION III. THE UNIVERSITY CONSISTENTLY RANKS AMONG THE TOP 20 IN U.S. NEWS AND WORLD REPORT'S BEST UNIVERSITIES IN THE WEST. USNWR RECENTLY NAMED PLU AS THE THIRD BEST VALUE SCHOOL IN THE WEST REGION, AS WELL AS THE FIFTH BEST COLLEGE FOR VETERANS. THE UNIVERSITY HAS PRODUCED MORE THAN 108 FULBRIGHT SCHOLARS SINCE 1975. 15977107 1) OPERATIONS AND MAINTENANCE OF PLANT INCLUDING DEPRECIATION, INTEREST EXPENSE AND AMORTIZATION. 2) PUBLIC SERVICE. 15498840 14582292 ACADEMIC SUPPORT AND STUDENT SERVICES: AT PLU, STUDENTS ARE OFFERED MANY SUPPORT SERVICES, INCLUDING ACADEMIC ASSISTANCE AND ADVISING, ACCOMMODATIONS AND ACCESSIBILITY SERVICES, CAREER CONNECTIONS AND CAMPUS MINISTRY. HIGHLIGHTS OF 2022-23 INCLUDED THE STRENGTHENING OF THE CENTER FOR STUDENT SUCCESS, A MISSION-ALIGNED, STUDENT-CENTERED REIMAGINING OF ACADEMIC SUPPORT THAT TAKES A HOLISTIC VIEW OF STUDENT SUCCESS. THE CENTER IS THE HUB OF THAT DIRECTS STUDENTS TO APPROPRIATE UNITS ON CAMPUS FOR HELP WITH ACADEMIC AND PERSONAL SUPPORT AND RESOURCES. SUPPORT SERVICES INCLUDE: ACADEMIC ADVISING & DEGREE PLANNING, TUTORING & ASSIGNMENT HELP, CAREER PLANNING, FINANCIAL SERVICES, PERSONAL HEALTH & WELLNESS, RESOURCES BY AFFINITY GROUP (COMMUTER STUDENTS, TRANSFER STUDENTS, INTERNATIONAL STUDENTS, FIRST IN THE FAMILY [FIF] STUDENTS, LGBTQ-IDENTIFIED STUDENTS, STUDENTS OF COLOR, AND UNDOCUMENTED STUDENTS. STUDENTS.) IN ADDITION, MILITARY STUDENT OUTREACH HAS NOW BEEN ADDED TO THE OUTREACH OFFICES TO CONNECT VETERANS TO PEERS, PROFESSIONAL DEVELOPMENT AND OTHER RESOURCES. 8291400 4212449 AUXILIARY ENTERPRISES: PLU OFFERS NINE RESIDENCE HALLS; EIGHT TRADITIONAL STYLE RESIDENCE HALLS AND ONE APARTMENT-STYLE COMPLEX. DURING THE 2022-23 ACADEMIC YEAR, ON CAMPUS RESIDENTIAL STUDENTS SERVED 1134 STUDENTS IN THE FALL AND SPRING SEMESTERS. PLU DELIVERED DINING SERVICES TO STUDENTS, FACULTY, STAFF AND THE NEIGHBORING COMMUNITY. WE ARE DEDICATED TO PROVIDING NUTRITIONALLY SOUND AND SUSTAINABLY SOURCED MEALS AT OUR MODERN DINING HALL, AT A NOTED RESTAURANT OPEN TO THE PUBLIC AND CAMPUS COMMUNITY, AND THROUGH SEVERAL CONVENIENT QUICK-SERVE OPTIONS LOCATED ACROSS CAMPUS. DINING SERVICES IS A CAMPUS LEADER IN SUSTAINABLE INITIATIVES, OFFERS NUTRITION EDUCATION AND CULINARY ADVENTURE CLASSES, AVAILABLE TO EVERYONE. PLU HOSTED OVER 27,000 GUESTS ATTENDING APPROXIMATELY 60 NON-PLU CONFERENCES, CAMPS AND EVENTS DURING 2022-2023. CONFERENCES RANGE IN SIZE FROM ONE-DAY TRAININGS TO OVERNIGHT RETREATS; EDUCATION CONFERENCES; MUSIC CONCERTS; SPORTS CAMPS AND CLINICS. PLU'S HOSPITALITY SERVICES AND CAMPUS RESTAURANTS, INCLUDING THE CATERING DEPARTMENT, PROVIDES MEALS FOR MOST EVENTS AS WELL AS PLU FUNCTIONS. PLU RENTED RESIDENCE HALL ROOMS AND CAMPUS MEETING SPACES TO NEARLY 3000 GUESTS OVER THE SPAN OF 2 MONTHS DURING THE SUMMER CONFERENCE SEASON. DURING THE 2022-2023 FISCAL YEAR NEARLY 50 EXTERNAL EVENTS WERE CANCELLED DUE TO COVID-19, WHICH WOULD HAVE BROUGHT AN ADDITIONAL 15,000 GUESTS TO CAMPUS. 8291400 4212449 147203618 true true false false false false false true true true true true false false true true false true true true true false false false false false false false true true true false false false false false false false false false false true false false false true true false false false true 2930 0 true 2160 true true true false false false false true true false false false false false false X 28 27 false false false false false false false true true false false true true true true true true true true true true X X NATHAN P VAILENCOUR 2535357104 12180 PARK AVENUE SOUTH TACOMA WA 98447 L ALLAN BELTON PRESIDENT 40.0 0.0 X X 563538 0 69424 JOANNA GREGSON PROVOST 40.0 0.0 X 217785 0 54681 BARBARA HABERMANN DEAN, SCHOOL OF NURSING 40.0 0.0 X 215859 0 51598 JOANNA ROYCE-DAVIS VP, STUDENT LIFE 40.0 0.0 X 199715 0 50865 DANIEL LEE VP, UNIVERSITY RELATIONS 40.0 0.0 X 192925 0 49244 THERESA PHILLIPS CHIEF OPERATING OFFICER 40.0 0.0 X 168800 0 45148 DAVID WARD DEAN, COLLEGE OF HEALTH 40.0 0.0 X 173000 0 28203 PATRICK GEHRING TREASURER 40.0 0.0 X 150941 0 41188 BRIDGET YADEN ASSOCIATE PROVOST 40.0 0.0 X 162572 0 22516 ANN AUMAN DEAN, COLLEGE OF NATURAL 40.0 0.0 X 161054 0 23474 MICHELLE LONG REGENT/CHAIR 1.0 0.0 X X 0 0 0 MARK GRIFFITH REGENT/VICE CHAIR 1.0 0.0 X X 0 0 0 MARK MILLER REGENT 1.0 0.0 X 0 0 0 SUSAN CAULKINS REGENT 1.0 0.0 X 0 0 0 TROY ANDRADE REGENT/SECRETARY 1.0 0.0 X X 0 0 0 JOYCE BARR REGENT 1.0 0.0 X 0 0 0 JONETTE BLAKNEY REGENT 1.0 0.0 X 0 0 0 SHELLEY BRYAN WEE REGENT 1.0 0.0 X 0 0 0 REBECCA BURAD REGENT 1.0 0.0 X 0 0 0 DAVID COY REGENT 1.0 0.0 X 0 0 0 BRUCE DEAL REGENT/VICE CHAIR 1.0 0.0 X X 0 0 0 JAYNEE GROSETH REGENT 1.0 0.0 X 0 0 0 MATT ISERI REGENT 1.0 0.0 X 0 0 0 SARA KASS REGENT 1.0 0.0 X 0 0 0 LAURIE LARSON-CAESAR REGENT 1.0 0.0 X 0 0 0 KATHI LITTMANN REGENT 1.0 0.0 X 0 0 0 JOSEPH MAYER REGENT 1.0 0.0 X 0 0 0 SAL MUNGIA REGENT 1.0 0.0 X 0 0 0 ARNE NESS REGENT 1.0 0.0 X 0 0 0 SHELIA RADFORD-HILL REGENT 1.0 0.0 X 0 0 0 THOMAS SAATHOFF REGENT/VICE CHAIR 1.0 0.0 X X 0 0 0 LAURIE SOINE REGENT 1.0 0.0 X 0 0 0 SCOTT SQUIRES REGENT 1.0 0.0 X 0 0 0 STACY WILSON REGENT 1.0 0.0 X 0 0 0 SCOTT BARNUM REGENT 1.0 0.0 X 0 0 0 MEGGAN MANLOVE REGENT 1.0 0.0 X 0 0 0 BEN WARWICK REGENT 1.0 0.0 X 0 0 0 2206189 0 436341 53 false true false SYSCO FOOD SERVICES OF SEATTLE 222820 54THE AVENUE S KENT WA 98032 FOOD SERVICE 513620 US FOODS 2204 70TH AVE E STE 100 FIFE WA 98424 FOOD SERVICE 496425 MCGRANAHAN ARCHITECTS PS 211 PACIFIC AVE STE 100 TACOMA WA 98402 ARCHITECTURE 409222 RUFFALO NOEL LEVITZ LLC 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 MGMT. CONSULTING 350581 RICOH USA INC 70 VALLEY STREAM PKWY MALVERN PA 19355 SYSTEM INTEGRATION 303471 42 471500 4292547 9989337 117154 14753384 TUITION AND FEES 611600 119529895 119529895 AUXILIARY ENTERPRISES 611710 14582292 14582292 OTHER ACADEMIC SUPPORT 611710 4212449 3727983 484466 138324636 3189531 50 3189481 0 0 961646 1577103 -615457 0 -615457 -615457 70701623 67710352 2991271 2991271 2991271 0 0 0 0 0 0 0 0 0 0 158643365 137840170 484516 5565295 0 68186198 68186198 0 0 1483012 1271414 185915 25683 0 43615242 37392171 5467749 755322 3456265 2963121 433289 59855 6419464 5503528 804765 111171 3382708 2900060 424067 58581 0 224042 224042 84500 84500 0 0 172906 172906 4631091 3970321 580569 80201 756154 648265 94794 13095 6421285 5505089 804993 111203 2601991 2230736 326194 45061 0 2536227 2174355 317950 43922 3711430 3181879 465277 64274 0 1077803 924021 135117 18665 1615887 1385330 202573 27984 0 5766076 4009296 1756780 1533597 1314781 192257 26559 EQUIPMENT PURCHASE 591840 507396 74195 10249 DUES & MEMBERSHIPS 412157 353350 51669 7138 UNIFORM RENTAL 250327 214610 31382 4335 LICENSES, FEES & PERMITS 107977 92571 13536 1870 2887055 2475126 361931 49998 161925234 147203618 13206450 1515166 21000 19500 1840627 3837582 815113 1211912 1593977 2226640 0 0 0 0 3340967 2640683 396840 489598 670080 918469 208525202 75011254 137327210 133513948 98218519 80601686 34324837 43559518 0 0 0 0 3812296 4386499 282361466 273406035 12788552 14310384 0 0 0 0 51433800 49973430 2128798 854122 0 0 8472993 8451995 0 0 15825771 15714772 90649914 89304703 X 79423000 65095000 112288552 119006332 191711552 184101332 282361466 273406035 X -3281869 -3958547 -369804 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 358230 X EDUCATION false false true X 123141546 4806000 -7434000 1299051 1148949 389000 117676546 130061356 4073630 -7101293 2122558 1521589 248000 123141546 100857262 5653386 25791123 1101669 239746 899000 130061356 97215233 1663520 6053232 2283449 1511274 280000 100857262 99812716 1651000 1580000 2150000 3343716 334767 97215233 0.10000 0.90000 true false 18726706 762723 19489429 160454454 60108738 100345716 6870688 1763493 5107195 9080539 5327994 3752545 12630092 7811029 4819063 133513948 1882763 F ALTERNATIVE INVESTMENTS 11406000 F INVESTMENTS HELD BY OTHERS 14918444 F INVESTMENTS HELD IN TRUST 15352311 F 43559518 0 DEPOSIT ACCOUNTS 1986697 ANNUITITES PAYABLE 8602595 RETIREMENT OBLIGATION 1275544 GOVERNMENT GRANTS REFUNDABLE 3849936 15714772 85849878 -3958547 525577 -3432970 89282848 69360517 69360517 158643365 93460098 93460098 68465136 68465136 161925234 PART III, LINE 4 THE UNIVERSITY'S COLLECTION CONSISTS OF THORNILY PRINTING PRESS, CLAVIS SCRIPTVRAE SERMONS AND COMMENTARIES ON THE WRITING OF ST. AUGUSTINE. THESE ARE HELD FOR EDUCATION PURPOSES WHICH IS THE MAIN EXEMPT PURPOSE OF THE UNIVERSITY. PART IV, LINE 2B: PLU IS THE CUSTODIAN OF VARIOUS AGENCY, CHARITABLE REMAINDER UNITRUST, AND GIFT ANNUITY FUNDS, OF WHICH ALL OR A PORTION IS DUE TO AN OUTSIDE PARTY. AGENCY FUNDS ARE HELD IN PLU'S MAIN BANK ACCOUNT AND CHARITABLE REMAINDER UNITRUSTS AND GIFT ANNUITIES ARE INVESTED WITH CHARLES SCHWAB. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: TO FUND SCHOLARSHIPS, UNDERGRADUATE RESEARCH, EQUIPMENT, LECTURES, ATHLETIC FACILITIES, FACULTY POSITIONS, GLOBAL EDUCATION AND OTHER UNIVERSITY PROGRAMS AS DESIGNATED BY OUR DONORS. ASC 740 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D UNREALIZED GAIN ON INTEREST RATE SWAP $ 525,577 PART XI, LINE 4B CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ 895,381 ENDOWMENT EXPENSE, NET WITH REVENUE ON BOOKS $ 278,938 SCHOLARSHIPS AND GRANTS $68,186,198 TOTAL $69,360,517 PART XII, LINE 4B ENDOWMENT EXPENSE, NET WITH REVENUE ON BOOKS $ 278,938 SCHOLARSHIPS AND GRANTS $68,186,198 TOTAL $68,465,136 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 EXPLANATION OF NONDISCRIMINATION POLICY: THE UNIVERSITY REMAINED RESOLUTE IN COMPLIANCE WITH THE POLICY DURING FY23. A LINK TO THE POLICY IS AVAILABLE ON PLU'S MAIN WEBPAGE AS NON-DISCRIMINATION POLICY. THE POLICY IS ALSO POSTED IN VARIOUS PLACES THROUGHOUT OUR BUILDINGS. TYPICALLY, THE POLICY IS ALSO PUBLISHED EACH SPRING IN THE TACOMA NEWS TRIBUNE. THE UNIVERSITY FOLLOWS A NONDISCRIMINATORY POLICY REGARDING ALL PROGRAMS. THE UNIVERSITY ENROLLS STUDENTS WITHOUT DISCRIMINATION AS TO RACE, SEX, COLOR, OR NATIONAL ORIGIN. THE UNIVERSITY'S RECRUITMENT PROCEDURES ARE DESIGNED AND CARRIED OUT IN SUCH A WAY AS TO REACH STUDENTS OF ALL RACIAL SEGMENTS IN THE GEOGRAPHICAL AREA SERVED. SCHEDULE E, PART I, LINE 6A EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES SUPPORT FROM THE US GOVERNMENT IN CONNECTION WITH THE PERKINS LOAN PROGRAM, FEDERAL WORK-STUDY PROGRAM, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM AND OTHER PROGRAMS. Europe (Including Iceland and Greenland) 0 2 Program Services STUDY ABROAD 334709 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 27047 North America 0 6 Program Services STUDY ABROAD 109892 Sub-Saharan Africa 0 2 Program Services STUDY ABROAD 71787 Central America and the Caribbean 0 1 Program Services STUDY ABROAD 164926 South America 0 0 Program Services STUDY ABROAD 1250 Middle East and North Africa 0 0 Program Services STUDY ABROAD 908 Europe (Including Iceland and Greenland) 0 Investments 3673960 Central America and the Caribbean 0 Investments 30631 0 11 0 11 4415110 4415110 true false false false false false SCHEDULE F, PART I, LINE 2 FOREIGN OWNERSHIP INTERESTS ARE HELD INDIRECTLY THROUGH ALTERNATIVE PARTNERSHIP INVESTMENTS. INVESTMENTS HAVE BEEN ANALYZED FOR POTENTIAL FOREIGN FORM FILING REQUIREMENTS AND FILED AS REQUIRED. true MERIT BASED STUDENT SCHOLARSHIPS & GRANTS 2195 47225657 NEEDS BASED STUDENT SCHOLARSHIPS & GRANTS 1967 15680981 FEDERAL NEEDS BASED STUDENT SCHOLARSHIPS & GRANTS 874 5279559 SCHEDULE I, PART I, LINE 2 PACIFIC LUTHERAN UNIVERSITY OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT-OF-POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. X X X X false true false false false false false false false L ALLAN BELTON PRESIDENT 342500 202000 19038 57025 12399 632962 PATRICK GEHRING TREASURER 150941 0 0 30769 10419 192129 JOANNA GREGSON PROVOST 216810 975 0 44196 10485 272466 JOANNA ROYCE-DAVIS VP, STUDENT LIFE 197983 1732 0 40358 10507 250580 BARBARA HABERMANN DEAN, SCHOOL OF NURSING 203621 12238 0 41491 10107 267457 DANIEL LEE VP, UNIVERSITY RELATIONS 192925 0 0 39327 9917 242169 THERESA PHILLIPS CHIEF OPERATING OFFICER 168800 0 0 34294 10854 213948 DAVID WARD DEAN, COLLEGE OF HEALTH 169887 3113 0 17838 10365 201203 ANN AUMAN DEAN, COLLEGE OF NATURAL 161054 0 0 16911 6563 184528 BRIDGET YADEN ASSOCIATE PROVOST 122030 40542 0 12813 9703 185088 SCHEDULE J, PART I, LINE 4C THE PRESIDENT PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. FOR THE CALENDAR YEAR 2022, THE PRESIDENT EARNED $25,000 REPORTED AS DEFERRED COMPENSATION ON SCHEDULE J. A WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781S27 2014-07-09 9933742 RENOVATION false false false B WASHINGTON HIGHER EDUCATION FACILITIES AUTHORITY 911306482 939781ZD5 2016-08-11 48933000 REFUNDING false false false A 7101812 0 9933742 0 0 0 198669 0 0 9735073 0 0 2015 false false true true B 6641274 0 48952937 1444000 0 0 403596 0 0 0 47089404 0 2007 true false true true A false false false false 0 false false false true B false false false false 0 false false false true A false false false true false false 0 false 0 false true B false true false false true true WASHINGTON FEDERAL 10. false false false 0 false true A true B true SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: DATE THE REBATE COMPUTATION WAS PERFORMED: 09/30/2021 PART II, LINE 3, COLUMN B: $48,933,000 ISSUE PRICE $19,937 INVESTMENT INCOME EARNED ON PROCEEDS $48,952,937 TOTAL PROCEEDS OF ISSUE X 4241 FAIR MARKET VALUE X 5 111467 FAIR MARKET VALUE X EQUIPMENT/MISCELLANEOUS ITEMS 10 1446 FAIR MARKET VALUE false true false SCHEDULE M, PART I THE AMOUNTS LISTED IN PART 1, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY CONTRIBUTED. FORM 990, PART VI, LINE 1A L. ALLAN BELTON IS A PAID EMPLOYEE OF THE ORGANIZATION AND THEREFORE IS CONSIDERED A NON-INDEPENDENT BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED AND REVIEWED BY STAFF AND AN EXTERNAL ACCOUNTING FIRM. THE FORM WAS THEN PROVIDED AND REVIEWED BY THE ENTIRE BOARD BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PACIFIC LUTHERAN UNIVERSITY ANNUALLY REQUIRES BOARD MEMBERS AND KEY EMPLOYEES TO COMPLETE CONFLICT OF INTEREST SURVEYS. ANY CONFLICTS ARE DOCUMENTED TO ENSURE PROPER OVERSIGHT. BOARD MEMBERS WITH CONFLICTS ARE REQUIRED TO RECUSE THEMSELVES FROM PROCEEDINGS. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE PRESIDENT'S COMPENSATION IS REVIEWED, APPROVED AND NOTED IN MINUTES ANNUALLY BY THE GOVERNANCE COMMITTEE OF THE BOARD. ALL OTHER POSITIONS ARE REVIEWED BY SUPERVISOR. THE DIRECTOR OF HUMAN RESOURCES ASSEMBLES AND REVIEWS COMPARABLE DATA FROM THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED ON PLU'S WEBSITE AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: CHANGE IN VALUE OF TRUST $ -895,381 UNREALIZED GAIN ON INTEREST RATE SWAP $ 525,577 TOTAL $ -369,804 GARFIELD COMMONS LLC 2001 WESTERN AVE SUITE 330 SEATTLE WA 98121 651266546 COM. REAL EST WA 840895 11206322 PLU BENSON FAMILY FOUNDATION PO BOX 3168 PORTLAND OR 97208 203039538 SUPPORT PLU OR 501(C)(3) 12D false CHARITABLE REMAINDER UNITRUSTS (21) CHARITABLE TR WA TRUST false LIFE INCOME TRUSTS (3) CHARITABLE TR WA TRUST false false false true false false false false false false false false false false false false false false false false BENSON FAMILY FOUNDATION C 471500 CASH