2024-05-14T17:15:31-05:00 2023-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2022-07-01 131740451 FORDHAM UNIVERSITY % ANTHONY M GRONO FORD 7188171000 441 E Fordham Road FMH 512 BRONX NY 104585170 ANTHONY M GRONO INT VP FIN/ASST TREA 7188171000 2024-05-13 true ANTHONY M GRONO 999009999 DEVIN L DUNCAN P01249521 2127589700 2024-05-09 2 2022 2023-04-26 12:10:37Z Tania Tetlow 441 E FORDHAM ROAD BRONX NY 104585170 1577685254 false X WWW.FORDHAM.EDU X 1841 NY TO PROVIDE THE HIGHEST QUALITY EDUCATION TO UNDERGRADUATE AND GRADUATE STUDENTS, IN THE JESUIT TRADITION. 38 36 7866 2470 -195196 0 109617911 94485027 885598914 926282380 71928845 -3527856 318728 16516 1067464398 1017256067 313030506 322513245 0 0 412785913 426301870 1215696 616407 17272146 289784071 293949882 1016816186 1043381404 50648212 -26125337 2374890617 2402364778 820948931 795523720 1553941686 1606841058 X FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH EDUCATION OF THE HIGHEST QUALITY. FOR MORE INFORMATION, SEE SCHEDULE O. false false 847312715 322513245 822253780 HIGHER EDUCATION FORDHAM UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL INSTITUTION OF HIGHER LEARNING, IN THE JESUIT TRADITION, WITH ITS PRINCIPAL CAMPUSES LOCATED IN NEW YORK CITY. FORDHAM UNIVERSITY SERVES AND EDUCATES APPROXIMATELY 9,700 UNDERGRADUATE STUDENTS AND 5,800 GRADUATE AND PROFESSIONAL STUDENTS. FOR MORE INFORMATION, SEE SCHEDULE O. 103272182 104028600 STUDENT HOUSING & FOOD SERVICES THE UNIVERSITY PROVIDES VARIOUS SERVICES FOR THE BENEFIT OF ITS STUDENTS, FACULTY AND STAFF AND IN SUPPORT OF EDUCATIONAL ACTIVITIES. 0 0 0 950584897 true true false true false false false true false true true true false false true true true false true true true true false true true false false true true true true false false false false false false false false false false true false false false true true true true false false true 20742 0 true 7866 true true true true UK false false false true true true 2 false false false false false X 38 36 false false false false false false false true true false false true true true true true true true true true true CA X X ANTHONY M GRONO 7188171000 441 E FORDHAM RD BRONX NY 10458 X TANIA TETLOW PRESIDENT & TTEE (START 07/22) 35.0 0.0 X X 691843 0 86138 DENNIS C JACOBS PROVOST & SVP ACADEMIC AFFAIRS 35.0 0.0 X 661121 0 91063 DONNA RAPPACCIOLI DEAN (end 06/22); PROFESSOR 35.0 0.0 X 632443 0 87149 MARTHA K HIRST SR VP, CFO & TREASURER 35.0 0.0 X 618785 0 64742 MATTHEW DILLER DEAN 35.0 0.0 X 527245 0 90637 KEITH A URGO HEAD MEN'S BASKETBALL COACH 35.0 0.0 X 528121 0 79337 ROGER MILICI VP FOR DEV AND UNIV RELATIONS 35.0 0.0 X 482959 0 79536 JEFFREY GRAY SVP OF STUDENT AFFAIRS 35.0 0.0 X 448557 0 108862 IFTEKHAR HASAN PROFESSOR 35.0 0.0 X 490026 0 67364 JONATHAN CRYSTAL VICE PROVOST FOR ACAD. AFFAIRS 35.0 0.0 X 435201 0 99016 MARCO VALERA VP FOR ADMINISTRATION 35.0 0.0 X 464298 0 50197 FRANK SIMIO VP FOR LINCOLN CENTER 35.0 0.0 X 417306 0 89765 KAY TURNER VP FOR HUMAN RESOURCES 35.0 0.0 X 424864 0 70229 PETER STACE FMR SVP ENRL & STGY 35.0 0.0 X 444555 0 46772 NICHOLAS MILOWSKI VP FOR FINANCE & ASST TREAS 35.0 0.0 X 375910 0 92613 MARGARET BALL VICE PRES. & GENERAL COUNSEL 35.0 0.0 X 372910 0 82849 ANAND PADMANABHAN VP & CIO 35.0 0.0 X 368424 0 78720 JOHN BUCKLEY SVP FOR ENROLLMENT 35.0 0.0 X 287374 0 146824 DOROTHY MARINUCCI UNIV. SECRETARY (start 02/23) 35.0 0.0 X 297940 0 89128 DENNY CHIN TRUSTEE & ADJUNCT PROFESSOR 2.0 0.0 X 212112 0 0 Michael Trerotola Chief of Staff & ASST UNIV SEC 35.0 0.0 X 111508 0 29072 CAROLYN M ALBSTEIN TRUSTEE 1.0 0.0 X 0 0 0 MEAGHAN JARENSKY BARAKETT TRUSTEE 1.0 0.0 X 0 0 0 ULDERICO CALERO JR TRUSTEE 1.0 0.0 X 0 0 0 ANTHONY P CARTER TRUSTEE 1.0 0.0 X 0 0 0 EMANUEL CHIRICO TRUSTEE 1.0 0.0 X 0 0 0 GREGORY C CHISHOLM SJ TRUSTEE (END 06/23) 1.0 0.0 X 0 0 0 ROBERT D DALEO TRUSTEE & CHAIR (END 06/23) 2.0 0.0 X X 0 0 0 MICHAEL J DOWLING TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER F FITZMAURICE TRUSTEE 1.0 0.0 X 0 0 0 JAMES P FLAHERTY TRUSTEE (END 06/23) 1.0 0.0 X 0 0 0 NORA AHERN GROSE TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA HELLER TRUSTEE (END 06/23) 1.0 0.0 X 0 0 0 ANDREW J HINTON TRUSTEE 1.0 0.0 X 0 0 0 DARLENE LUCCIO JORDAN TRUSTEE 1.0 0.0 X 0 0 0 JOHN L LUMELLEAU TRUSTEE 1.0 0.0 X 0 0 0 HENRY S MILLER TRUSTEE 1.0 0.0 X 0 0 0 JAMES J MIRACKY SJ TRUSTEE 1.0 0.0 X 0 0 0 ARMANDO NUNEZ JR TRUSTEE 1.0 0.0 X 0 0 0 VALERIE IRICK RAINFORD TRUSTEE 1.0 0.0 X 0 0 0 THOMAS J REGAN SJ TRUSTEE & VICE CHAIR 2.0 0.0 X X 0 0 0 GUALBERTO RODRIGUEZ-FELICIANO TRUSTEE (END 06/23) 1.0 0.0 X 0 0 0 SUSAN CONLEY SALICE TRUSTEE 1.0 0.0 X 0 0 0 RICHARD P SALMI SJ TRUSTEE 1.0 0.0 X 0 0 0 EILEEN FITZGERALD SUDLER TRUSTEE (END 06/23) 1.0 0.0 X 0 0 0 MARY ANN SULLIVAN TRUSTEE & VICE CHAIR 2.0 0.0 X X 0 0 0 DARIO WERTHEIN TRUSTEE 1.0 0.0 X 0 0 0 GERALD R BLASZCZAK SJ TRUSTEE 1.0 0.0 X 0 0 0 DARRYL EMERSON BROWN TRUSTEE 1.0 0.0 X 0 0 0 THOMAS C ENNIS TRUSTEE (END 06/23) 1.0 0.0 X 0 0 0 KATHLEEN MACLEAN TRUSTEE 1.0 0.0 X 0 0 0 EDWARD M STROZ TRUSTEE 1.0 0.0 X 0 0 0 KIM BEPLER TRUSTEE (START 07/22) 1.0 0.0 X 0 0 0 DONNA MORRIS TRUSTEE (START 07/22) 1.0 0.0 X 0 0 0 JAMES ROWEN TRUSTEE (START 07/22) 1.0 0.0 X 0 0 0 DONNA O SMOLENS TRUSTEE (START 07/22) 1.0 0.0 X 0 0 0 WILLIAM J TOPPETA TRUSTEE (START 07/22) 1.0 0.0 X 0 0 0 JOHN CECERO SJ VP MISSION INT & MINISTRY 35.0 0.0 X 0 0 0 9293502 0 1630013 932 true true false TISHMAN INTERIORS CORPORATION 100 PARK AVENUE NEW YORK NY 10017 CONSTRUCTION 26588758 2U INC 7900 HARKINS ROAD LANHAM MD 20706 ONLINE EDUCATION 21089806 ARAMARK SERVICES INC 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 25418451 ALLIED UNIVERSAL SECURITY SERVICES EIGHT TOWER BRIDGE 161 WASHINGTON CONSHOHOCKEN PA 19428 SECURITY SERVICES 8507312 CALDWELL WALSH BUILDING CONSTRUCT 60 EAST 42ND STREET SUITE 601 NEW YORK NY 10165 CONSTRUCTION 5556556 285 2549378 29749657 62185992 1042308 94485027 TUITION AND FEES 611600 813315734 813315734 STUDENT HOUSING & FOOD SERVICES 611710 104028600 103020523 1008077 ATHLETIC AND SUMMER PROGRAMS 611710 4448622 4448622 FEES FOR EDUCATIONAL SERVICES 611600 936814 925114 11700 FACILITIES RENTAL 611710 992560 992560 2560050 2560050 926282380 20258195 -825224 21083419 293772 293772 370635 370635 374353 374353 0 374353 374353 534451022 558530845 -24079823 -24079823 -24079823 539842 960663 1898342 -1358500 -1358500 0 0 0 0 0 0 PARKING INCOME - OPEN TO PUBLIC 812930 586082 586082 TRAVEL TOURS 561500 43946 43946 630028 1017256067 925262603 -195196 -2296367 1741764 1741764 320701584 320701584 69897 69897 0 8512287 3415912 3918603 1177772 0 303556372 275173208 21093909 7289255 21836386 20223448 1291482 321456 71076381 59868057 8218916 2989408 21320444 19745616 1260968 313860 0 2044834 5548 2039286 0 381040 0 381040 0 15518 0 15518 0 616407 616407 11558150 0 11558150 0 25072329 13563997 10908203 600129 4699641 4088486 294281 316874 11566819 10246476 1064969 255374 14316604 12785116 1501802 29686 106866 83456 23410 0 37013032 35228344 1289623 495065 10142042 9434304 434219 273519 0 0 0 0 12642734 10167812 1817618 657304 17472424 17140112 332312 0 0 56124165 50848494 3928691 1346980 5552725 2750448 2799371 2906 ONLINE LEARN - 3RD PTY PMT 25720976 25720976 0 0 STUDENT MEAL COSTS 20396481 20396481 0 0 LIBRARY MATERIALS 5419337 5394806 24531 0 DUES/SUBSCRIPTIONS 3154791 2213460 631486 309845 30549374 29577095 695973 276306 1043381404 950584897 75524361 17272146 3234857 6435155 54231118 55417772 100200015 100417176 16003069 14007105 0 0 0 0 5899788 5052451 719047 749026 9262931 7789734 1969465911 799573301 1147960624 1169892610 159237487 89439906 768298475 845334864 0 0 0 0 109843206 107828979 2374890617 2402364778 96426032 72014171 0 0 36643997 43057369 493012127 473891706 0 0 0 0 0 0 38739005 58772459 156127770 147788015 820948931 795523720 X 738683357 755730058 815258329 851111000 1553941686 1606841058 2374890617 2402364778 X -26125337 74147841 4876868 X false true X true true true X 91653725 72632861 124473071 109617911 94485027 492862595 0 0 91653725 72632861 124473071 109617911 94485027 492862595 25350358 467512237 8272554 9698303 17100364 15871964 21296955 72240140 0 1279214 914758 391715 1098891 1019777 4704355 569807090 4246665483 0.82047 0.82702 X SCHEDULE A, PART II, LINE 10 OTHER INCOME: LINE 10 INCLUDES OTHER PROGRAM REVENUE EXCLUDED FROM UNRELATED BUSINESS TAXABLE INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true true 20038 true 9131 false false true 59148 true 5252 true 18386 111955 false SCHEDULE C, PART II-B, LINE 1 LOBBYING ACTIVITIES: AN INSUBSTANTIAL PART OF THE UNIVERSITY'S ACTIVITIES INCLUDED THOSE ATTEMPTING TO INFLUENCE LOCAL, STATE AND FEDERAL LEGISLATION, REGULATION, AND POLICY BENEFICIAL TO THE UNIVERSITY AND ITS STUDENTS. LINE 1I THE UNIVERSITY PAID MEMBERSHIP DUES TO FIVE ORGANIZATIONS, EACH OF WHICH ENGAGED IN SOME DEGREE OF LOBBYING ACTIVITY. TOTAL MEMBERSHIP DUES PAID DURING FISCAL YEAR 2023 (AND THE PORTIONS OF WHICH WERE ATTRIBUTED TO LOBBYING ACTIVITIES) WERE AS FOLLOWS: THE ASSOCIATION OF JESUIT COLLEGES AND UNIVERSITIES $99,563 ($4,231) THE COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES $97,496 ($4,280) NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES $18,250 ($1,278) American Council on Education $14,477 ($782) NATIONAL HUMANITIES ALLIANCE $3,100 ($930) LOBBYING ACTIVITIES DO NOT CONSTITUTE A SUBSTANTIAL PORTION OF FORDHAM'S ACTIVITIES. 4177843 X X X false 972445875 23634831 68489155 17691027 57142454 11558150 978178230 1000215785 63049670 -44227443 15389788 21372761 9829588 972445875 712774540 118069666 212399359 14806543 17799657 10421580 1000215785 733516335 16343516 2276483 14053700 17823983 7484111 712774540 729179329 17425000 24248865 13408657 17414662 6513540 733516335 0.41330 0.39000 0.19670 true false 14607246 14607246 1463182346 516727702 946454644 7471183 3005755 4465428 349951294 260682292 89269002 134253842 19157552 115096290 1169892610 NON-PUBLIC EQUITY FUNDS 177834687 F HEDGE FUNDS 194551204 F PRIVATE CAPITAL FUNDS 472948973 F 845334864 0 POSTRETIREMENT BENEFIT OBLIGATION 51563000 U.S. GOVT REFUNDABLE ADVANCES 870962 AMOUNTS HELD ON BEHALF OF OTHERS 5478820 OPERATING LEASE LIABILITIES 89875233 147788015 X 768680971 74147841 -313063130 -238915289 1007596260 11558150 -1898343 9659807 1017256067 716155022 4553246 4553246 711601776 11558150 320221478 331779628 1043381404 SCHEDULE D, PART III, LINE 4 COLLECTIONS: THE UNIVERSITY'S MOST SIGNIFICANT COLLECTION IS EXHIBITED AT ITS MUSEUM OF GREEK, ETRUSCAN AND ROMAN ART. THE MUSEUM OCCUPIES 4,000 SQUARE FEET OF SPACE AND FEATURES AROUND 350 ANTIQUITIES DATING FROM 150,000 BCE THROUGH THE 6TH CENTURY CE. THE MUSEUM, ADMISSION TO WHICH IS FREE OF CHARGE, IS OPEN TO THE PUBLIC FOR BOTH EDUCATIONAL AND RESEARCH-RELATED PURPOSES. SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS: THE PURPOSE OF FORDHAM UNIVERSITY'S ENDOWMENT IS TO GENERATE INVESTMENT EARNINGS AS A SOURCE OF REVENUE TO SUPPORT FINANCIAL ASSISTANCE TO STUDENTS, FUND NEW AND CUTTING-EDGE PROGRAMS WHILE MAINTAINING AND IMPROVING EXISTING ONES, AND IMPROVE AND MAINTAIN THE CAMPUS TO MEET THE NEEDS OF THE UNIVERSITY COMMUNITY, AS RESTRICTED BY DONORS OR INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES. SCHEDULE D, PART X, LINE 2 INCOME TAXES: THE UNIVERSITY EVALUATES UNCERTAINTIES IN INCOME TAXES AND ACCOUNTS FOR THEM IN the FINANCIAL STATEMENTS IF THEY EXCEED A THRESHOLD OF MORE-LIKELY-THAN-NOT OF BEING SUSTAINED. THE UNIVERSITY HAS NO MATERIAL UNCERTAIN TAX POSITIONS. Income generated from activities that support the University's mission but may not directly relate to its exempt purpose (i.e. unrelated business activities), is subject to tax. In connection with the University's routine evaluation of unrelated business activities, a deferred tax asset totaling $1,151,527 at both June 30, 2023 and 2022 was recognized, which is included in other assets on the accompanying statement of financial position, to reflect the fact that net operating loss carryforwards will likely be deductible against future taxable income. RECONCILIATION OF ACTIVITY PER AUDITED FINANCIAL STATEMENTS & FORM 990 SCHEDULE D, PART XI, LINE 2D OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF PERPETUAL TRUST -280,793 CHANGE IN VALUE OF INTEREST RATE SWAP 2,366,141 FINANCIAL AID AWARDS -320,215,746 CHANGE IN POST RETIREMENT HEALTH BENEFIT OBLIGATION OTHER THAN NET PERIODIC BENEFIT COST 2,595,000 NET PERIODIC BENEFIT COST OTHER THAN SERVICE COST 2,478,000 TRAVEL TOUR EXPENSE -5,732 ------------- TOTAL -313,063,130 SCHEDULE D, PART XI, LINE 4B SPECIAL EVENT EXPENSES -1,898,343 SCHEDULE D, PART XII, LINES 2 and 4 SCHEDULE D, PART XII, LINE 2D OTHER ADJUSTMENTS: LONDON PGM EXP & CURRENCY ADJ 2,654,903 SPECIAL EVENTS EXPENSES 1,898,343 ------------- TOTAL 4,553,246 SCHEDULE D, PART XII, LINE 4B OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 320,215,746 TRAVEL TOUR EXPENSE 5,732 --------------- TOTAL 320,221,478 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY: THE UNIVERSITY INCLUDES A STATEMENT OF ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE, AS WELL AS IN STUDENT REGISTRATION MATERIALS, STUDENT COURSE CATALOGS, AND EMPLOYEE JOB POSTINGS. SCHEDULE E, PART I, LINE 6A EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES GRANTS FOR RESEARCH, TRAINING, AND FINANCIAL AID FROM THE NATIONAL SCIENCE FOUNDATION, THE U.S. DEPARTMENT OF EDUCATION, THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, AND VARIOUS OTHER FEDERAL, NEW YORK STATE AND NEW YORK CITY AGENCIES. true Europe (Including Iceland and Greenland) 1 50 Program Services INTERNATIONAL STUDIES 8759274 East Asia and the Pacific 0 15 Program Services International Studies 304035 East Asia and the Pacific 0 1 Program Services Law School 33719 Sub-Saharan Africa 0 5 Program Services Law School 30680 Europe (Including Iceland and Greenland) 0 14 Program Services Law School 82071 Central America and the Caribbean 0 0 Investments 324388349 North America 0 0 Investments 27407266 Europe (Including Iceland and Greenland) 0 0 Investments 64411459 South Asia 0 0 Grantmaking RESEARCH 14346 South America 0 0 Grantmaking RESEARCH 18251 East Asia and the Pacific 0 0 Grantmaking RESEARCH 17300 Europe (Including Iceland and Greenland) 0 0 Grantmaking RESEARCH 20000 1 85 1 85 425486750 425486750 South Asia RESEARCH 14346 Wire South America RESEARCH 18251 Wire Europe (Including Iceland and Greenland) RESEARCH 20000 Wire East Asia and the Pacific RESEARCH 17300 Wire 4 true true true true true true SCHEDULE F, PART I, LINE 3, COLUMN (F) METHOD OF ACCOUNTING: EXPENSES ARE REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING, CONSISTENT WITH FORDHAM UNIVERSITY'S AUDITED FINANCIAL STATEMENTS. SCHEDULE F, PART I, LINE 2 GRANT MONITORING: ANY ORGANIZATION THAT RECEIVES SUBAWARDS FROM FORDHAM UNIVERSITY IS REQUIRED TO SUBMIT BOTH FINANCIAL AND PROGRAM PROGRESS REPORTS, EITHER ON A MONTHLY OR QUARTERLY BASIS, AS TO THE USE OF FUNDS. THE REQUIRED FREQUENCY OF REPORTING, AS WELL AS OTHER MONITORING CONTROLS, ARE DEPENDENT UPON REQUIREMENTS OF THE PRIMARY SUBGRANTING AGENCY AND UPON THE RESULTS OF A PREAWARD RISK ASSESSMENT, WHICH IS PERFORMED ON ALL SUBRECIPIENTS PRIOR TO ISSUING AWARDS. FINANCIAL AND PROGRAM PROGRESS REPORTS RECEIVED FROM SUBGRANTEES ARE MONITORED AND REVIEWED BY PRINCIPAL INVESTIGATORS, THE OFFICE OF SPONSORED PROGRAMS AND THE SUBGRANTS ACCOUNTING OFFICE TO ENSURE FUNDS ARE USED APPROPRIATELY. IN ADDITION, PRINCIPAL INVESTIGATORS MEET REGULARLY WITH SUBGRANTEES, WHICH INCLUDES FIELD VISITS TO OBSERVE ACTIVITIES ON A FIRST-HAND BASIS. X X X X X X X true RUFFALO NOEL LEVITZ LLC 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 PROF. 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CORE GROUP PROVIDES CONSULTING SERVICES TO HELP ANALYZE OUR GIVING AND STAFFING DATA AND EVALUATE THE CASE FOR ADDITIONAL INVESTMENTS IN FUNDRAISING RESOURCES. true UNIVERSITY OF TENNESSEE 615 McCallie Avenue Chattanooga TN 37403 626001636 GOV'T 131923 RESEARCH MOUNT SINAI SCHOOL OF MEDICINE ONE GUSTAVE L LEVY NEW YORK NY 10029 136171197 501(C)(3) 582347 RESEARCH REGENTS OF THE UNIVERSITY OF CALIFORNIA SAN DIEGO 9500 GILMAN DR DEPT 934 LA JOLLA CA 92093 946002123 501(C)(3) 43523 RESEARCH HAVERFORD COLLEGE 370 LANCASTER AVE HAVERFORD PA 19041 206002304 501(C)(3) 33969 RESEARCH POLYTECHNIC UNIVERSITY OF PUERTO RICO 377 PONCE DE LEON AVE HATO REY PR 00918 660362666 501(c)(3) 72251 RESEARCH TENNESSEE TECHNOLOGICAL UNIVERSITY 1 WILLIAM L JONES DR COOKEVILLE TN 38505 620646806 GOV'T 47232 RESEARCH ALBERT EINSTEIN COLLEGE OF MEDICINE 1300 MORRIS PARK AVE BRONX NY 10461 830621846 501(c)(3) 46298 RESEARCH PILNET 199 WATER ST 11TH FL NEW YORK NY 10038 205087783 501(C)(3) 221423 RESEARCH METROPOLITAN STATE UNIVERSITY OF DE 890 AURARIA PKWY DENVER CO 80204 840576459 501(C)(3) 32658 RESEARCH NEW JERSEY CITY UNIVERSITY 2039 KENNEDY BLVD JERSEY CITY NJ 07305 222830882 GOV'T 67458 RESEARCH UNIVERSITY OF NORTH FLORIDA 1 UNF DRIVE JACKSONVILLE FL 32224 592976169 GOV'T 19699 RESEARCH UNIVERSITY OF NORTH TEXAS 1155 UNION CIRCLE 3 DENTON TX 76203 756002149 GOV'T 89343 RESEARCH TULANE UNIVERSITY 1430 TULANE AVE NEW ORLEANS LA 70112 720423889 501(C)(3) 27063 RESEARCH NORTH CAROLINA A&T STATE UNIVERSITY 1601 EAST MARKET ST GREENSBORO NC 27411 566000007 GOV'T 94513 RESEARCH FENWAY COMMUNITY HEALTH 1340 BOYLSTON ST BOSTON MA 02215 042510564 501(C)(3) 25976 RESEARCH ADAMS STATE UNIVERSITY 208 EDGEMONT BOULEVARD ALAMOSA CO 81101 846000542 GOV'T 11373 RESEARCH AUBURN UNIVERSITY 126 INGRAM HALL AUBURN AL 36849 636000724 GOV'T 47949 RESEARCH CALVIN UNIVERSITY 3201 BURTON STREET SE GRAND RAPIDS MI 49546 383071514 501(C)(3) 20000 RESEARCH KENTUCKY COMM & TECHN COLLEGE (BLUEGRASS) 500 NEWTOWN PIKE ADMINISTRATION BUILDING LEXINGTON KY 40508 611320380 GOV'T 25454 RESEARCH RHODE ISLAND HOSPITAL 593 EDDY STREET PROVIDENCE RI 02903 050258954 501(C)(3) 17765 RESEARCH UNIVERSITY OF COLORADO 3100 MARINE STREET 572 UCB BOULDER CO 80309 846000555 GOV'T 15000 RESEARCH UNIVERSITY OF MASSACHUSETTS ONE BEACON ST 31 fl 31ST FLOOR BOSTON MA 02108 043167352 GOV'T 10257 RESEARCH UNIVERSITY OF MISSOURI 230 JESSE HALL COLUMBIA MO 65211 436003859 GOV'T 22925 RESEARCH VIRGINIA COMMONWEALTH UNIVERSITY 907 FLOYD AVENUE RICHMOND VA 23284 546001758 GOV'T 25212 RESEARCH 24 STUDENT SCHOLARSHIPS 16950 320215746 N/A N/A COVID-19 ASSISTANCE TO STUDENTS 163 485838 n/a n/a SCHEDULE I, PART I, LINE 2 GRANT MONITORING: ANY ORGANIZATION THAT RECEIVES SUBAWARDS FROM FORDHAM UNIVERSITY IS REQUIRED TO SUBMIT BOTH FINANCIAL AND PROGRAM PROGRESS REPORTS, EITHER ON A MONTHLY OR QUARTERLY BASIS, AS TO THE USE OF FUNDS. THE REQUIRED FREQUENCY OF REPORTING, AS WELL AS OTHER MONITORING CONTROLS, ARE DEPENDENT UPON REQUIREMENTS OF THE PRIMARY SUBGRANTING AGENCY AND UPON THE RESULTS OF A PREAWARD RISK ASSESSMENT, WHICH IS PERFORMED ON ALL SUBRECIPIENTS PRIOR TO ISSUING AWARDS. FINANCIAL AND PROGRAM PROGRESS REPORTS RECEIVED FROM SUBGRANTEES ARE MONITORED AND REVIEWED BY PRINCIPAL INVESTIGATORS, THE OFFICE OF SPONSORED PROGRAMS AND THE SUBGRANTS ACCOUNTING OFFICE TO ENSURE FUNDS ARE USED APPROPRIATELY. IN ADDITION, PRINCIPAL INVESTIGATORS MEET REGULARLY WITH SUBGRANTEES, WHICH INCLUDES FIELD VISITS TO OBSERVE ACTIVITIES ON A FIRST-HAND BASIS. SCHOLARSHIP GRANT MONITORING: FORDHAM PROVIDES VARIOUS TYPES OF FINANCIAL ASSISTANCE TO PROMOTE ACCESS AND AFFORDABILITY TO STUDENTS. FORDHAM'S STUDENT FINANCIAL AID DEPARTMENT WORKS WITH STUDENTS TO HELP THEM DEVISE A PLAN TO FUND THEIR EDUCATION. ASSISTANCE MAY INCLUDE A COMBINATION OF GRANTS, LOANS AND PAYMENT PLANS DEPENDING ON INDIVIDUAL CIRCUMSTANCES AND RESOURCES. SCHOLARSHIP GRANTS ARE AWARDED ON THE BASIS OF FINANCIAL NEED AND/OR SCHOLASTIC ACHIEVEMENT, AND ON A NON-DISCRIMINATORY BASIS. STUDENTS MUST COMPLETE CERTAIN QUESTIONNAIRES AND APPLICATIONS TO DEMONSTRATE THEIR QUALIFICATION FOR VARIOUS TYPES OF FEDERAL, STATE, LOCAL, AND INSTITUTIONAL FINANCIAL ASSISTANCE. THE VARIOUS FINANCIAL ASSISTANCE PROGRAMS HAVE PARTICULAR ELIGIBILITY AND MONITORING REQUIREMENTS, SUCH AS THOSE PROVIDED BY THE CODE OF FEDERAL REGULATIONS. THESE REQUIREMENTS MAY INCLUDE A MINIMUM COURSE LOAD, DEMONSTRATED ACADEMIC PROGRESS, AND OTHER SIMILAR REQUIREMENTS. SCHOLARSHIP GRANTS ARE APPLIED DIRECTLY TOWARD A STUDENT'S TUITION AND ROOM AND BOARD COSTS, THEREBY ENSURING THE FUNDS ARE USED AS INTENDED. SCHEDULE I, PART III, LINE 2 THE UNITED STATES CONGRESS PASSED THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT ON MARCH 27, 2020. THE UNIVERSITY RECOGNIZED $971,436 THROUGH THE CARES ACT AND, IN FY2023, EXPENDED $485,838 OF THE AWARD FOR COVID-19 ASSISTANCE TO STUDENTS, AND $485,598 TO MITIGATE A PORTION OF THE FINANCIAL LOSSES INCURRED BY THE UNIVERSITY FOR THE NUMEROUS HEALTH AND SAFETY EXPENDITURES AND MEASURES TAKEN. X X X true true X X X X true true false false false false false true false MARGARET BALL VICE PRES. & GENERAL COUNSEL 369418 0 0 0 3492 0 53303 0 29546 0 455759 0 0 0 JOHN BUCKLEY SVP FOR ENROLLMENT 285289 0 0 0 2085 0 47303 0 99521 0 434198 0 0 0 DENNY CHIN TRUSTEE & ADJUNCT PROFESSOR 212112 0 0 0 0 0 0 0 0 0 212112 0 0 0 JONATHAN CRYSTAL VICE PROVOST FOR ACAD. AFFAIRS 432691 0 0 0 2510 0 54174 0 44842 0 534217 0 0 0 MATTHEW DILLER DEAN 523493 0 0 0 3752 0 48800 0 41837 0 617882 0 0 0 JEFFREY GRAY SVP OF STUDENT AFFAIRS 422700 0 0 0 25857 0 53639 0 55223 0 557419 0 0 0 IFTEKHAR HASAN PROFESSOR 487083 0 0 0 2943 0 54572 0 12792 0 557390 0 0 0 MARTHA K HIRST SR VP, CFO & TREASURER 612726 0 0 0 6059 0 48800 0 15942 0 683527 0 0 0 DENNIS C JACOBS PROVOST & SVP ACADEMIC AFFAIRS 608522 0 0 0 52599 0 48800 0 42263 0 752184 0 0 0 ROGER MILICI VP FOR DEV AND UNIV RELATIONS 480449 0 0 0 2510 0 54184 0 25352 0 562495 0 0 0 NICHOLAS MILOWSKI VP FOR FINANCE & ASST TREAS 368316 0 0 0 7594 0 48800 0 43813 0 468523 0 0 0 ANAND PADMANABHAN VP & CIO 366994 0 0 0 1430 0 38400 0 40320 0 447144 0 0 0 DONNA RAPPACCIOLI DEAN (end 06/22); PROFESSOR 596742 0 0 0 35701 0 46400 0 40749 0 719592 0 0 0 FRANK SIMIO VP FOR LINCOLN CENTER 414135 0 0 0 3171 0 48800 0 40965 0 507071 0 0 0 PETER STACE FMR SVP ENRL & STGY 258321 0 20250 0 165984 0 37851 0 8921 0 491327 0 0 0 KAY TURNER VP FOR HUMAN RESOURCES 389136 0 0 0 35728 0 53533 0 16696 0 495093 0 0 0 MARCO VALERA VP FOR ADMINISTRATION 460909 0 0 0 3389 0 48800 0 1397 0 514495 0 0 0 TANIA TETLOW PRESIDENT & TTEE (START 07/22) 591486 0 40000 0 60357 0 66141 0 19997 0 777981 0 0 0 DOROTHY MARINUCCI UNIV. SECRETARY (start 02/23) 295228 0 0 0 2712 0 48437 0 40691 0 387068 0 0 0 KEITH A URGO HEAD MEN'S BASKETBALL COACH 498502 0 20000 0 9619 0 38400 0 40937 0 607458 0 0 0 SCHEDULE J, PART I FORDHAM UNIVERSITY'S VP FOR MISSION, INTEGRATION, AND PLANNING, JOHN CECERO S.J., IS A MEMBER OF THE SOCIETY OF JESUS. PAYMENTS ARE MADE TO THE SOCIETY OF JESUS FOR THIS OFFICER AND OTHER MEMBERS OF THE JESUIT COMMUNITY FOR THEIR SERVICES TO FORDHAM UNIVERSITY. TOTAL PAYMENTS TO THE JESUIT COMMUNITY IN CALENDAR YEAR 2022 TOTALED $2,993,729. SCHEDULE J, PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: FORDHAM UNIVERSITY DOES NOT GENERALLY PERMIT FIRST CLASS TRAVEL. HOWEVER, FOR BUSINESS TRIPS IN EXCESS OF 6 HOURS, EMPLOYEES ARE PERMITTED TO UPGRADE FROM THE LOWEST COACH FARE OFFERED BY THE AIRLINE TO THE NEXT CLASS AVAILABLE. IN CONNECTION WITH ITS ATHLETICS PROGRAM, THE MEN'S AND WOMEN'S BASKETBALL TEAMS AND THE FOOTBALL TEAM UTILIZE CHARTER TRAVEL. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: HOUSING WAS PROVIDED TO JOHN CECERO S.J., VP FOR MISSION, INTEGRATION, AND PLANNING. HE IS A MEMBER OF THE SOCIETY OF JESUS AND LIVES AS A RESIDENT MINISTER IN A UNIVERSITY DORMITORY ON CAMPUS, PROVIDING GUIDANCE TO STUDENTS FOR THE CONVENIENCE OF THE UNIVERSITY. ACCORDINGLY, THE HOUSING BENEFITS PROVIDED ARE NOT INCLUDABLE AS GROSS INCOME UNDER SECTION 119 OF THE INTERNAL REVENUE CODE. THE UNIVERSITY'S PRESIDENT AND THE PROVOST RECEIVE A TAXABLE HOUSING ALLOWANCE, WHICH IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III). TAX-INDEMNIFICATION AND GROSS-UP PAYMENT: THE UNIVERSITY'S PRESIDENT RECEIVED A TAXABLE GROSS-UP PAYMENT, WHICH IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III). SCHEDULE J, PART 1, LINE 4A SEPARATION PAYMENTS During the year, THE UNIVERSITY'S Former SVP Enrollment and Strategy received SEPARATION payments, AS REPORTED IN Part II, Column (B)(iii). DEFERRED COMPENSATION During the year, THE UNIVERSITY'S president participated in a 457(f) plan with contributions of $7,241. These amounts are reported in PArt II, Column c. SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS ONE OFFICER, ONE FORMER OFFICER, AND ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED A DISCRETIONARY BONUS PAYMENT DURING CALENDAR YEAR 2022, AS REPORTED IN PART II, COLUMN (B)(ii). A DASNY SERIES 2008A 146000293 649903C33 2008-05-21 96895000 REFUNDING 2005 DEBT ISSUE false false false B DASNY SERIES 2014 146000293 649907YZ9 2014-04-03 66182433 REFUND 2004 ISSUE AND CO-OP ACQ false false false C DASNY SERIES 2016A 146000293 64990BD75 2016-05-05 169720220 REF PRIOR ISSUES & REN ACAD BLG false false false D DASNY SERIES 2017 146000293 64990C5S6 2017-12-21 91211032 REFUNDING 2011 DEBT ISSUE false false false A 45090000 0 96895000 0 0 0 602276 59047 0 0 96233677 0 2008 true false true true B 18750000 0 66182433 0 0 0 867654 0 0 54062740 11252039 0 2016 true false true true C 21265000 32000000 169720220 0 0 0 1209489 0 0 15075000 153435731 0 2016 true true true true D 7090000 0 91211032 0 0 0 826227 0 0 0 90384805 0 2017 false true true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false false false true true true BOA ML 24.11 true false false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, BOND ISSUES: 2014 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: ACQUISITION OF BUILDING AND REFUND 2004 DEBT ISSUE 2016 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: REFUND CERTAIN TRANCHES OF THE 2011 DEBT ISSUE, DEFEASE AND ADVANCE REFUND ALL OF THE 2008B DEBT ISSUE, AND REFURBISH ACADEMIC BUILDING 2017 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: REFUND CERTAIN TRANCHES OF THE 2011 DEBT ISSUE AND COVER COSTS OF ISSUANCE 2020 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: EXPANSION AND REFURBISHMENT OF THE UNIVERSITY'S CAMPUS CENTER, PAYMENTS OF CAPITALIZED INTEREST AND COVER COSTS OF ISSUANCE 2021 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: REFUND TRANCHES OF THE 2016A DEBT ISSUE AND COVER COSTS OF ISSUANCE OF THE 2021A DEBT ISSUE SCHEDULE K, PART III, LINE 4 ALL ACTIVITIES AND CONTRACTS CURRENTLY OPERATED WITHIN BOND-FINANCED SPACE ARE EITHER RELATED TO FORDHAM'S UNIVERSITY'S TAX EXEMPT PURPOSE OR FALL WITHIN ONE OF THE SAFE HARBORS AND/OR EXCEPTIONS, AND CONSEQUENTLY DO NOT RESULT IN PRIVATE BUSINESS USE IN THE BOND-FINANCED SPACE. SCHEDULE K, PART IV, (1), LINE 2C, COLUMN A 2008 BOND ISSUE THE DATE OF THE REBATE COMPUTATION IS 12/31/2023. SCHEDULE K, PART IV, (1), LINE 2C, COLUMN B 2014 BOND ISSUE THE DATE OF THE REBATE CALCULATION IS 04/03/19. SCHEDULE K, PART IV, (1), LINE 2C, COLUMN C 2016 BOND ISSUE THE DATE OF THE REBATE CALCULATION IS 05/05/21. SCHEDULE K, PART IV, (1), LINE 2C, COLUMN D 2017 bond issue The bond met the 6-month spending exception to the rebate requirement. SCHEDULE K, PART IV, (1), LINE 4C, COLUMN A ARBITRAGE THE UNIVERSITY PAYS A FIXED RATE OF 3.2475% AND RECEIVES 67% OF Daily SOFR Compounded + 11.448 bps ON THE NOTIONAL PRINCIPAL AMOUNT OF THE 2008A BONDS. A DASNY SERIES 2020 146000293 64990GXZ0 2020-01-29 165170475 EXPANSION & REFURB CAMPUS CENTER false false false B DASNY SERIES 2021A 146000293 65000BFZ6 2021-11-17 32437976 REFUND 2016A DEBT ISSUE false false false A 0 0 165170475 0 14067298 0 978177 0 0 150000000 125000 0 2022 false false true true B 820000 0 32437976 0 0 32108307 329669 0 0 0 0 0 2021 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 true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true X 2 89133 APPRAISAL X 974 DISCOUNTED RESALE X 33 943131 Market Quotation X fundraising event 2 5569 INVOICES X musical instruments 2 3501 APPRAISAL 3 false true true SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS: THE AMOUNT LISTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. SCHEDULE M, PART I, LINE 32A THIRD PARTY ASSISTANCE: THE UNIVERSITY UTILIZES A THIRD PARTY COMPANY TO HANDLE ALL ASPECTS OF VEHICLE DONATIONS. A NET CHECK IS PAID DIRECTLY TO THE UNIVERSITY ONCE THE VEHICLES ARE SOLD; THEREFORE, VEHICLES ARE NOT REPORTED AS NON-CASH CONTRIBUTIONS ON SCHEDULE M. FORM 990, PART III, LINE 1 MISSION STATEMENT: THE MISSION OF THE UNIVERSITY FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION OF THE HIGHEST QUALITY. GUIDED BY ITS CATHOLIC AND JESUIT TRADITIONS, FORDHAM FOSTERS THE INTELLECTUAL, SOCIAL, AND MORAL DEVELOPMENT OF ITS STUDENTS, PREPARING THEM FOR LEADERSHIP IN A GLOBAL SOCIETY. CHARACTERISTICS OF THE UNIVERSITY AS A UNIVERSITY - FORDHAM STRIVES FOR EXCELLENCE IN RESEARCH AND TEACHING, AND GUARANTEES THE FREEDOM OF INQUIRY REQUIRED FOR RIGOROUS THINKING AND THE QUEST FOR TRUTH. FORDHAM AFFIRMS THE VALUE OF A CORE CURRICULUM ROOTED IN THE LIBERAL ARTS AND SCIENCES. THE UNIVERSITY SEEKS TO FOSTER IN ALL ITS STUDENTS LIFE LONG HABITS OF CAREFUL OBSERVATION, CRITICAL THINKING, CREATIVITY, MORAL REFLECTION, AND ARTICULATE EXPRESSION. IN ORDER TO PREPARE CITIZENS FOR AN INCREASINGLY MULTICULTURAL AND MULTINATIONAL SOCIETY, FORDHAM SEEKS TO DEVELOP IN ITS STUDENTS AN UNDERSTANDING OF AND REVERENCE FOR CULTURES AND WAYS OF LIFE OTHER THAN THEIR OWN. AS A CATHOLIC UNIVERSITY - FORDHAM AFFIRMS THE COMPLEMENTARY ROLES OF FAITH AND REASON IN THE PURSUIT OF WISDOM AND LEARNING. THE UNIVERSITY ENCOURAGES THE GROWTH OF A LIFE OF FAITH CONSONANT WITH MORAL AND INTELLECTUAL DEVELOPMENT. FORDHAM ENCOURAGES FACULTY TO DISCUSS AND PROMOTE AN UNDERSTANDING OF THE ETHICAL DIMENSION OF WHAT IS BEING STUDIED AND WHAT IS BEING TAUGHT. FORDHAM GIVES SPECIAL ATTENTION TO THE STUDY OF THE LIVING TRADITION OF CATHOLICISM, AND IT PROVIDES A PLACE WHERE RELIGIOUS TRADITIONS MAY INTERACT WITH EACH OTHER AND WITH CONTEMPORARY CULTURE. FORDHAM WELCOMES STUDENTS, FACULTY, AND STAFF OF ALL RELIGIOUS TRADITIONS AND OF NO RELIGIOUS TRADITION AS VALUED MEMBERS OF THIS COMMUNITY OF STUDY AND DIALOGUE. AS A JESUIT UNIVERSITY - FORDHAM DRAWS ITS INSPIRATION FROM THE DUAL HERITAGE OF CHRISTIAN HUMANISM AND IGNATIAN SPIRITUALITY, AND CONSEQUENTLY SEES ALL DISCIPLINES AS POTENTIAL PATHS TO GOD. FORDHAM RECOGNIZES THE DIGNITY AND UNIQUENESS OF EACH PERSON. A FORDHAM EDUCATION AT ALL LEVELS IS STUDENT-CENTERED, AND ATTENTIVE TO THE DEVELOPMENT OF THE WHOLE PERSON. SUCH AN EDUCATION IS BASED ON CLOSE COLLABORATION AMONG STUDENTS, FACULTY, AND STAFF. FORDHAM IS COMMITTED TO RESEARCH AND EDUCATION THAT ASSIST IN THE ADVANCEMENT OF KNOWLEDGE, THE ALLEVIATION OF POVERTY, THE PROMOTION OF JUSTICE, THE PROTECTION OF HUMAN RIGHTS, AND RESPECT FOR THE ENVIRONMENT. JESUIT EDUCATION IS COSMOPOLITAN EDUCATION. THEREFORE, EDUCATION AT FORDHAM IS INTERNATIONAL IN ITS SCOPE AND IN ITS ASPIRATIONS. THE WORLDWIDE NETWORK OF JESUIT UNIVERSITIES OFFERS FORDHAM FACULTY AND STUDENTS DISTINCTIVE OPPORTUNITIES FOR INTERNATIONAL EXCHANGE AND COLLABORATION. AS A UNIVERSITY IN NEW YORK CITY - AS HOME TO PEOPLE FROM ALL OVER THE GLOBE, AS A CENTER OF INTERNATIONAL BUSINESS, COMMUNICATION, DIPLOMACY, AND THE ARTS AND THE SCIENCES, NEW YORK CITY PROVIDES FORDHAM WITH A SPECIAL KIND OF CLASSROOM. ITS UNPARALLELED RESOURCES SHAPE AND ENHANCE FORDHAM'S PROFESSIONAL AND UNDERGRADUATE PROGRAMS. FORDHAM IS PRIVILEGED TO SHARE A HISTORY AND A DESTINY WITH NEW YORK CITY. THE UNIVERSITY RECOGNIZES ITS DEBT OF GRATITUDE TO THE CITY AND ITS OWN RESPONSIBILITY TO SHARE ITS GIFTS FOR THE ENRICHMENT OF OUR CITY OUR NATION AND OUR WORLD. STRATEGIC PLANNING IN 2021, THE UNIVERSITY INITIATED A 5-YEAR PLAN, "EDUCATING FOR JUSTICE: FORDHAM UNIVERSITY'S VISION AND STRATEGIC PLAN, 2021-2026," WHICH REPLACED THE CONTINUOUS UNIVERSITY STRATEGIC PLANNING (CUSP) PROCESS (2015-2021). EDUCATING FOR JUSTICE RE-ENVISIONS FORDHAM'S DYNAMIC MISSION - A MISSION ROOTED IN ITS 183-YEAR HISTORY-FOR THE POST-PANDEMIC WORLD OF THE MID-TWENTY-FIRST CENTURY. THE PLAN CHARTS A PATH FOR THE UNIVERSITY TO BECOME EVER MORE FULLY ITSELF THROUGH MISSION-DRIVEN INNOVATION. THE PLAN'S THREE GOALS ARE: EDUCATE STUDENTS AS GLOBAL CITIZENS AND TRANSFORMATIVE LEADERS FOR JUSTICE IN THE INNOVATION AGE; EXCEL ACROSS THE NATURAL AND APPLIED SCIENCES AND ALLIED FIELDS TO PROMOTE SOCIAL CHANGE AND EQUITY; AND, CULTIVATE A DIVERSE, EQUITABLE, INCLUSIVE, CARING, AND CONNECTED COMMUNITY THAT PROMOTES EACH MEMBER'S DEVELOPMENT AS A WHOLE PERSON. FORM 990, PART III, LINE 4A PROGRAM SERVICE ACCOMPLISHMENTS: FORDHAM UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL, INSTITUTION OF HIGHER LEARNING, IN THE JESUIT TRADITION. FORDHAM UNIVERSITY SERVES AND EDUCATES APPROXIMATELY 9,700 UNDERGRADUATE STUDENTS AND 5,800 GRADUATE AND PROFESSIONAL STUDENTS. THE UNIVERSITY AWARDS BACCALAUREATE, GRADUATE, AND PROFESSIONAL DEGREES TO STUDENTS FROM FORDHAM COLLEGE AT ROSE HILL, FORDHAM COLLEGE AT LINCOLN CENTER, THE GABELLI SCHOOL OF BUSINESS (UNDERGRADUATE AND GRADUATE), THE SCHOOL OF PROFESSIONAL AND CONTINUING STUDIES, THE GRADUATE SCHOOLS OF ARTS AND SCIENCES, EDUCATION, RELIGION AND RELIGIOUS EDUCATION, SOCIAL SERVICE, AND THE SCHOOL OF LAW. A SIGNIFICANT AMOUNT OF FINANCIAL ASSISTANCE IS PROVIDED TO ENABLE QUALIFIED STUDENTS TO STUDY AT THE UNIVERSITY. THE UNIVERSITY'S PRINCIPAL LOCATIONS INCLUDE RESIDENTIAL CAMPUSES IN NEW YORK CITY AND LONDON, A CAMPUS IN WEST HARRISON, NEW YORK, AND A BIOLOGICAL FIELD STATION IN ARMONK, NEW YORK. IN ADDITION TO THESE LOCATIONS, THE UNIVERSITY HOLDS A NUMBER OF AFFILIATIONS WITH HIGHER EDUCATION INSTITUTIONS ACROSS THE GLOBE, AND OFFERS ONLINE CLASSES AND ONLINE DEGREE PROGRAMS. FORM 990, PART VI, LINE 11B FORM 990 REVIEW: THE OFFICE OF FINANCE WORKS CLOSELY WITH KPMG LLP, AS PAID PREPARER OF FORDHAM'S TAX-RELATED FILINGS, TO PREPARE THE FORM 990. ONCE PREPARED, THE FORM UNDERGOES A SERIES OF REVIEWS BY SENIOR FINANCIAL STAFF AND LEADERSHIP BEFORE SUBMISSION TO THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE BOARD OF TRUSTEES HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING THE RETURN TO THE AUDIT AND RISK MANAGEMENT COMMITTEE. FOLLOWING A FORMAL PRESENTATION TO THE AUDIT AND RISK MANAGEMENT COMMITTEE AND QUESTION AND COMMENT PERIOD, THE RETURN IS APPROVED AND A COPY OF THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO ITS FILING. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST REVIEW: THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT REQUIRES, AMONG OTHER THINGS, NO INDIVIDUAL MAY PARTICIPATE IN A DISCUSSION OR DECISION ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND INDIVIDUALS WHO HAVE VARIOUS MANNERS OF SIGNING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE A MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY. FORM 990, PART VI, LINE 15A & 15B COMPENSATION REVIEW: COMPENSATION FOR THE UNIVERSITY'S PRESIDENT IS REVIEWED ON A REGULAR BASIS BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES USING COMPENSATION DATA FOR APPROPRIATE PEERS COMPILED BY AN INDEPENDEPENT ORGANIZATION OR COMPENSATION EXPERT. ONCE DETERMINED, THE PRESIDENT'S PROPOSED COMPENSATION IS SUBMITTED TO THE EXECUTIVE COMMITTEE of the Board of Trustees for its review, and THEN TO THE FULL BOARD OF TRUSTEES, FOR REVIEW AND approval. ON JULY 1, 2022, TANIA TETLOW ASSUMED THE OFFICE OF THE PRESIDENT HAVING BEEN DULY ELECTED AT THE FEBRUARY 2022 BOARD OF TRUSTEES MEETING. PRESIDENT TETLOW IS THE FIRST LAYPERSON TO OCCUPY THE POST IN FORDHAM'S 183-YEAR HISTORY. COMPENSATION FOR OTHER UNIVERSITY OFFICERS IS DETERMINED USING COMPENSATION DATA FOR APPROPRIATE PEERS COMPILED BY AN INDEPENDEPENT ORGANIZATION OR COMPENSATION EXPERT. A proposed salary is sent to the Board of Trustees for its consideration and approval based on a REVIEW OF KEY DOCUMENTS, FILINGS, AND DISCUSSIONS REGARDING EMPLOYEE PERFORMANCE. The PROCESS OF DETERMINING COMPENSATION IS CONDUCTED IN EXECUTIVE SESSION OF THE BOARD OF TRUSTEES IN ORDER TO PRESERVE CONFIDENTIALITY. COMPENSATION LEVELS THAT ARE AUTHORIZED AS A RESULT OF THIS PROCESS ARE DOCUMENTED. FORM 990, PART VI, LINE 19 DOCUMENT AVAILABILITY: FORDHAM UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE CURRENTLY AVAILABLE ON THE UNIVERSITY'S WEBSITE. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: CHANGE IN VALUE OF INTEREST RATE SWAP 2,366,141 CHANGE IN POST RETIREMENT HEALTH BENEFIT OBLIGATION OTHER THAN NET PERIODIC BENEFIT COST 2,478,000 NET PERIODIC BENEFIT COST OTHER THAN SERVICE COST 2,595,000 CHANGE IN FAIR VALUE OF PERPETUAL TRUST (280,793) LONDON PGM EXP & CURRENCY ADJ (2,654,903) CHANGE IN LONDON NET ASSETS 200,668 CHANGE IN LONDON CASH 172,755 ------------- TOTAL TO FORM 990, PART XI, LINE 9 4,876,868 FORDHAM AIRVANA HOLDINGS LLC 888 SEVENTH AVE 7TH FLOOR NEW YORK NY 10019 131740451 HOLDING CO. NY 0 FORDHAM U FORDHAM WATERFRONT HOLDINGS LLC 3341 COUNTRY CLUB ROAD BRONX NY 10465 HOLDING CO. 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