2023-05-09T18:51:44-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2021-07-01 390806297 LAWRENCE UNIVERSITY OF WISCONSIN LAWR 9208327000 711 E BOLDT WAY APPLETON WI 54911 SAMIR DATTA VP FOR FINANCE AND ADMINISTRATION 9208327000 2023-04-28 1 SAMIR DATTA XXX-XX-XXXX KIMBERLY ANDERSON P00188889 6086628600 2023-04-28 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z SAMIR DATTA 711 E BOLDT WAY APPLETON WI 54911 195171609 0 X WWW.LAWRENCE.EDU X 1847 WI TO PROVIDE A HIGH QUALITY, LIBERAL ARTS EDUCATION AND SOUND CAREER PREPARATION TO ITS STUDENTS. 35 34 1565 622 6612285 6413396 26380001 14168300 80168226 93269302 17398557 46021760 156905 463943 124103689 153923305 45443232 52502694 0 0 41001119 43862996 0 0 2937522 25271828 32293133 111716179 128658823 12387510 25264482 632228886 581558284 67011414 68047498 565217472 513510786 X LAWRENCE UNIVERSITY OF WISCONSIN, THROUGH ITS UNDERGRADUATE RESIDENTIAL COLLEGE AND CONSERVATORY OF MUSIC, EDUCATES STUDENTS IN THE LIBERAL ARTS AND SCIENCES. THE UNIVERSITY IS DEVOTED TO EXCELLENCE AND INTEGRITY IN ALL OF ITS ACTIVITIES AND COMMITTED TO THE DEVELOPMENT OF INTELLECT AND TALENT, THE PURSUIT OF KNOWLEDGE AND UNDERSTANDING, THE CULTIVATION OF SOUND JUDGMENT, AND RESPECT FOR THE PERSPECTIVES OF OTHERS. LAWRENCE PREPARES STUDENTS FOR LIVES OF ACHIEVEMENT, RESPONSIBLE AND MEANINGFUL CITIZENSHIP, LIFELONG LEARNING, AND PERSONAL FULFILLMENT. AS A LEARNING COMMUNITY OF SCHOLARS AND ARTISTS WE ENGAGE EACH OTHER IN A TRANSFORMATIVE PROCESS THAT EMPHASIZES INDIVIDUALIZED LEARNING, SUPPORTED BY AN ENVIRONMENT OF RICH EDUCATIONAL OPPORTUNITIES IN A RESIDENTIAL CAMPUS SETTING. 0 0 80424725 51218918 76806299 PROVIDE LIBERAL ARTS INSTRUCTION TO APPROXIMATELY 1500 UNIVERSITY STUDENTS. LAWRENCE CURRICULUM PROMOTES EXPOSURE TO A WIDE RANGE OF SUBJECT MATTERS AND INTELLECTUAL APPROACHES. IT ALSO CALLS FOR THE FOCUSED STUDY OF A SINGLE AREA OF KNOWLEDGE. WITHIN THIS GENERAL FRAMEWORK, THE STUDENT EXERCISES WIDE LATITUDE IN BUILDING A COURSE OF STUDY. A LAWRENCE EDUCATION, THEN, RESULTS FROM CONSIDERED CHOICES. THE COLLEGE PROVIDES AMPLE ROOM FOR SUCH CHOICES AND ENCOURAGES STUDENTS TO EXERCISE THEM BOLDLY. THE LAWRENCE UNIVERSITY CONSERVATORY OF MUSIC, NOW IN ITS SECOND CENTURY OF EDUCATING STUDENTS FOR CAREERS IN MUSIC, IS A NATIONALLY RECOGNIZED CONSERVATORY DEVOTED EXCLUSIVELY TO THE EDUCATION OF UNDERGRADUATES WITHIN A DISTINGUISHED COLLEGE OF THE LIBERAL ARTS AND SCIENCES. THE LAWRENCE ACADEMY OF MUSIC PROVIDES MUSICAL OPPORTUNITIES FOR CITIZENS OF THE FOX VALLEY FROM BIRTH TO ADULTHOOD AND OFFERS LAWRENCE CONSERVATORY MUSIC EDUCATION STUDENTS GUIDED OPPORTUNITIES TO HONE THEIR TEACHING SKILLS. A SUPERB FACULTY OF PERFORMERS, COMPOSERS, SCHOLARS, AND TEACHERS PRIDE THEMSELVES ON THE INDIVIDUAL ATTENTION GIVEN TO MUSIC MAJORS WHO PURSUE THEIR UNDERGRADUATE DEGREES AT LAWRENCE. 10906107 0 15021803 TRADITIONALLY PROVIDE FOOD SERVICE AND HOUSING TO APPROXIMATELY 1500 UNIVERSITY STUDENTS. 16969148 1283776 552823 PROVIDE STUDENTS WITH SERVICES SUCH AS MUSIC, ATHLETICS, COMMUNITY INVOLVEMENT, RESIDENTIAL LIFE, COUNSELING, HEALTH CENTER, AND MULTICULTURAL AFFAIRS. 5913113 0 1319419 PROVIDE ACADEMIC SUPPORT TO APPROXIMATELY 1500 STUDENTS THROUGH LIBRARY FACILITIES AND INSTRUCTIONAL COMPUTER SERVICE AND PROVIDE PUBLIC SERVICE THROUGH OUR BJORKLUDEN CAMPUS IN DOOR COUNTY AND THE LAWRENCE COMMUNITY MUSIC SCHOOL. 5913113 0 1319419 114213093 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 231 0 1 1565 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X AMY FRIEDEL 9208327000 711 E BOLDT WAY APPLETON WI 54911 LAURIE CARTER PRESIDENT 40.00 X X 229275 0 65177 CORY L NETTLES TRUSTEE, CHAIR 1.00 X X 0 0 0 SARAH E SCHOTT TRUSTEE, VICE CHAIR 1.00 X X 0 0 0 WILLIAM J BAER TRUSTEE, SECRETARY 1.00 X X 0 0 0 SID AYABE TRUSTEE 1.00 X 0 0 0 DAVID BLOWERS TRUSTEE 1.00 X 0 0 0 DANIEL T BUSIEL TRUSTEE 1.00 X 0 0 0 LOUIS B BUTLER JR TRUSTEE 1.00 X 0 0 0 SHELLEY A DAVIS TRUSTEE 1.00 X 0 0 0 JOANNA L DE PLAS TRUSTEE 1.00 X 0 0 0 DEAN DUMONTHIER TRUSTEE 1.00 X 0 0 0 RICHARD G FESSLER TRUSTEE 1.00 X 0 0 0 FREDERICK FISHER TRUSTEE 1.00 X 0 0 0 TAMIKA FRANKLIN TRUSTEE 1.00 X 0 0 0 MEI XIAN GONG TRUSTEE 1.00 X 0 0 0 SUSAN HALL TRUSTEE 1.00 X 0 0 0 WILLIAM O HOCHKAMMER TRUSTEE 1.00 X 0 0 0 LYDIA HOWARTH TRUSTEE 1.00 X 0 0 0 JOHN D HUBER PHD TRUSTEE 1.00 X 0 0 0 DENNIS KLAESER TRUSTEE 1.00 X 0 0 0 DAVID KNAPP TRUSTEE 1.00 X 0 0 0 CHERYL KOPECKY TRUSTEE 1.00 X 0 0 0 BARBARA LAWTON TRUSTEE 1.00 X 0 0 0 PERRY MANSCO III TRUSTEE 1.00 X 0 0 0 CHRISTOPHER MURRAY TRUSTEE 1.00 X 0 0 0 PETER M MUSSER TRUSTEE 1.00 X 0 0 0 SCOTT D MYERS TRUSTEE 1.00 X 0 0 0 MARTHA J OLSON TRUSTEE 1.00 X 0 0 0 ROBERT PERILLE TRUSTEE 1.00 X 0 0 0 SARA QUANDT TRUSTEE 1.00 X 0 0 0 FRANCESCA ROMERO SIEKMAN TRUSTEE 1.00 X 0 0 0 SACHIN SHIVARAM TRUSTEE 1.00 X 0 0 0 JON STELLMACHER TRUSTEE 1.00 X 0 0 0 KATY STREI TRUSTEE 1.00 X 0 0 0 ANTON R VALUKAS TRUSTEE 1.00 X 0 0 0 CATHERINE KODAT PROVOST AND DEAN OF FACULTY 40.00 X 217873 0 13806 MARY ALMA NOONAN TREASURER VP FOR FINANCE & ADMINISTRATION 40.00 X 210227 0 21300 CALVIN HUSMAN VP FOR ALUMNI AND DEVELOPMENT 40.00 X 190999 0 38350 KIMBERLY BARRETT VP DIV AND INCLUSION & ASSOC DEAN FACULTY 40.00 X 184387 0 9822 KEN ANSELMENT VP FOR ENROLLMENT AND COMMUNICATION 40.00 X 168289 0 37549 CHRISTOPER CARD VP FOR STUDENT LIFE 40.00 X 154612 0 30807 ERIC MAYES VP FOR DIVERSITY, EQUITY AND INCLUSION 40.00 X 47996 0 3039 CHRISTYN ABARAY ASSISTANT TO THE PRESIDENT 40.00 X 123388 0 33609 JEFFREY STANNARD ASSOC DEAN OF CONSERVATORY 40.00 X 121677 0 7956 MEGAN SCOTT ASSOC VP OF COMMUNICATION 40.00 X 118844 0 7993 STEVE ARMSTRONG DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 117030 0 34327 BRIAN PERTL DEAN OF THE CONSERVATORY OF MUSIC 40.00 X 177324 0 36801 MARK BURSTEIN FORMER PRESIDENT 40.00 X 815399 0 67646 2877320 0 408182 27 1 1 0 THE BOLDT COMPANY 100 WEST LAWRENCE STREET APPLETON WI 54912 CONSTRUCTION 5511765 BON APPETIT PO BOX 37613 BOONE ID 50037 BOARDING COSTS/FOOD 4332179 KELLER INC PO BOX 620 KAUKAUNA WI 54130 CONSTRUCTION 807039 GINKGO BIOWORKS INC 27 DRYDOCK AVE 8TH FLOOR BOSTON MA 02210 HEALTH SERVICES 682383 FAITH TECHNOLOGIES INC PO BOX 88529 MILWAUKEE WI 53288 CONSTRUCTION 504031 20 2558785 11609515 955647 14168300 TUITION AND FEES 611710 76806299 76806299 ROOM AND BOARD 611710 15021803 15021803 AUXILIARY ENTERPRISES 611710 1319419 1319419 SUMMER CAMPS AND EVENTS 611710 116046 116046 CONSERVATORY 611710 5735 5735 93269302 6590711 6612285 -21574 5652 5652 17789 0 17789 17789 17789 80676853 41245804 39431049 39431049 39431049 11960 2500 9460 9460 MISC REVENUE 900099 431042 431042 431042 153923305 93700344 6612285 39442376 52502694 52502694 1623504 391256 1002900 229348 883045 883045 32106958 26619901 3600050 1887007 2248412 1807801 284713 155898 4619795 4148605 453626 17564 2381282 1867968 360677 152637 121180 121180 78072 78072 3127949 2228279 776626 123044 223636 64315 158192 1129 1944971 1618376 304078 22517 1017081 69968 947113 2216244 2043958 172286 2225714 1905211 138258 182245 92669 59694 13948 19027 1432042 1314767 117275 7564303 7323204 241099 841595 2757 838838 DINING 4911857 4911857 REPAIRS AND MAINTENANCE 1896463 1813595 61495 21373 TUITION EXPENSES 1229908 1229908 LIBRARY BOOKS 810727 810727 2558722 1478252 954737 125733 128658823 114213093 11508208 2937522 41975 47807 13044151 45053044 15488452 13150620 408637 349918 190092 223531 241234 161559 298775287 183132597 112196656 115642690 238374760 184652391 248225220 219091956 2443108 1781815 1574601 1402953 632228886 581558284 9144278 6930273 572051 1807205 45318832 44065263 2170424 1882927 5092465 9805829 8269365 67011414 68047498 X 105418251 100728344 459799221 412782442 565217472 513510786 632228886 581558284 X 25264482 -77068044 96876 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X X X X 0 0 1 X 487034820 7472399 -30497581 11112947 12057883 440838808 361079910 11083779 133468727 9193628 9403968 487034820 356957659 9944858 13361517 9474187 9709937 361079910 339831165 14710902 19407150 8351317 8640241 356957659 318204180 9286732 28250463 6850407 9059803 339831165 0.12210 0.58560 0.29230 1 0 3149876 3149876 206199646 110028560 96171086 78235579 67956270 10279309 11190186 5147767 6042419 115642690 ALTERNATIVE INVESTMENTS 219091956 F 219091956 POSTRETIREMENT OBLIGATIONS 1516729 ANNUITIES PAYABLE 2746145 ASSET RETIREMENT OBLIGATIONS 4162282 INTEREST RATE EXCHANGE -155791 8269365 X 25733219 -77068044 -51122042 -128190086 153923305 0 153923305 77439905 0 77439905 51218918 51218918 128658823 PART III, LINE 1A: THE UNIVERSITY DOES NOT ASSIGN OR RECORD A VALUE FOR ART AND OTHER COLLECTIONS RECEIVED AS GIFTS. ACCORDINGLY, THE VALUE OF CERTAIN ART AND OTHER COLLECTIONS HAS BEEN EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION. PART III, LINE 4: THE UNIVERSITY'S COLLECTIONS SUPPORT ITS INSTRUCTION, RESEARCH AND PUBLIC OUTREACH MISSIONS. PART IV, LINE 2B: AMOUNTS HELD FOR PERKINS LOANS PAYABLE AND STUDENT GROUP AGENCY ACCOUNTS ARE REPORTED ON PART X, LINE 21. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS ALSO EXEMPT FROM STATE INCOME TAXES. ACCORDINGLY, THE UNIVERSITY IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSE (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS -51,218,918. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -225,585. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -1,097,432. CHANGE IN VALUE OF INTEREST RATE SWAP 1,335,457. CHANGE IN CASH SURRENDER VALUE 84,436. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 51,218,918. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GENERAL POLICY IS INCLUDED IN ALL SUBSTANTIVE PUBLICATIONS DISTRIBUTED. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL STUDENT AID FROM THE U.S. DEPARTMENT OF EDUCATION INCLUDING PELL GRANTS, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, FEDERAL WORK-STUDY GRANTS, DIRECT STUDENT LOANS, ACADEMIC COMPETITIVENESS GRANT AND NATIONAL SCIENCE AND MATHEMATICS ACCESS TO RETAIN TALENT GRANTS. EUROPE (INCLUDING ICELAND & GREENLAND) 1 10 PROGRAM SERVICES OFF CAMPUS EDUCATIONAL EXPERIENCE 563892 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS FOREIGN INVESTMENTS DOMICILED IN SCOTLAND AND LUXEMBOURG 4525318 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS FOREIGN INVESTMENTS DOMICILED IN THE CAYMAN ISLANDS AND VIRGIN ISLANDS 90386697 1 10 0 0 1 10 95475907 0 95475907 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART I, LINE 3, COLUMN (F): THE ACCOUNTING METHOD USED IS ACCRUAL. 1 SCHOLARSHIPS TO STUDENTS 1506 51218918 0 N/A N/A HEERF GRANTS 664 1283776 0 N/A N/A PART I, LINE 2: SCHOLARSHIP AMOUNTS ARE APPLIED DIRECTLY TO STUDENT ACCOUNTS AFTER A THOROUGH REVIEW OF ELIGIBILITY AND SELECTION CRITERIA. THE UNIVERSITY HAS AN EXPERIENCED FINANCIAL AID DEPARTMENT THAT MONITORS THE USE OF GRANT FUNDS. X X 1 1 X X X X X X 1 1 0 0 0 0 0 0 0 MARK BURSTEIN FORMER PRESIDENT 184268 0 117091 0 514040 0 26646 0 41000 0 883045 0 270613 0 LAURIE CARTER PRESIDENT 200679 0 0 0 28596 0 43231 0 21946 0 294452 0 0 0 CATHERINE KODAT PROVOST AND DEAN OF FACULTY 217873 0 0 0 0 0 13806 0 0 0 231679 0 0 0 MARY ALMA NOONAN TREASURER VP FOR FINANCE & ADMINISTRATION 206477 0 0 0 3750 0 13138 0 8162 0 231527 0 0 0 CALVIN HUSMAN VP FOR ALUMNI AND DEVELOPMENT 179787 0 0 0 11212 0 12303 0 26047 0 229349 0 0 0 BRIAN PERTL DEAN OF THE CONSERVATORY OF MUSIC 157324 0 0 0 20000 0 10754 0 26047 0 214125 0 0 0 KEN ANSELMENT VP FOR ENROLLMENT AND COMMUNICATION 168289 0 0 0 0 0 11452 0 26097 0 205838 0 0 0 KIMBERLY BARRETT VP DIV AND INCLUSION & ASSOC DEAN FACULTY 184387 0 0 0 0 0 5530 0 4292 0 194209 0 0 0 CHRISTOPER CARD VP FOR STUDENT LIFE 154612 0 0 0 0 0 10451 0 20356 0 185419 0 0 0 CHRISTYN ABARAY ASSISTANT TO THE PRESIDENT 103051 0 0 0 20337 0 7562 0 26047 0 156997 0 0 0 STEVE ARMSTRONG DIRECTOR OF INFORMATION TECHNOLOGY 117030 0 0 0 0 0 8280 0 26047 0 151357 0 0 0 PART I, LINE 1A THE FOLLOWING INDIVIDUALS RECEIVED HOUSING ALLOWANCES INCLUDED IN THEIR 2021 CALENDAR TAXABLE COMPENSATION - - MARY ALMA NOONAN - BRIAN PERTL THE FOLLOWING INDIVIDUALS ARE REQUIRED TO LIVE ON UNIVERSITY PROPERTY AND RECEIVED HOUSING ALLOWANCES NOT INCLUDED IN THEIR 2021 CALENDAR TAXABLE COMPENSATION - - MARK BURSTEIN - LAURIE CARTER - CHRISTOPHER CARD THE FOLLOWING INDIVIDUALS RECEIVED PERSONAL SERVICES FOR HANDYMAN AND LANDSCAPER SERVICES NOT INCLUDED IN THEIR 2021 CALENDAR TAXABLE COMPENSATION - - MARK BURSTEIN - LAURIE CARTER PART I, LINES 4A-B MARK BURSTEIN RECEIVED SEVERENCE PAYMENTS OF $186,150 AS PART OF A TERMINAL SABBATICAL ARRANGEMENT. HE ALSO RECEIVED VACATION PAYOUT OF $57,277 AND DEFERRED COMPENSATION PAYOUT OF $270,613 FOR CALENDAR YEAR ENDED DECEMBER 31, 2021. LAWRENCE UNIVERSITY ESTABLISHED A 457(F) PLAN FOR THE PRESIDENT. LAURIE CARTER (CURRENT PRESIDENT) HAD EMPLOYER CONTRIBUTIONS TO THE 457(F) PLAN OF $30,000 FOR CALENDAR YEAR ENDED DECEMBER 31, 2021. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2014-11-03 35505000 CURRENT REFUND BONDS ISSUED 02/26/09 - COLEMAN HALL RENOVATION, BANTA BOWL 0 0 0 B WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 97712D6E1 2020-03-11 16055088 CURRENT REFUND OF BONDS ISSUED 8/29/2012 AND $10M OF BONDS ISSUED 11/3/2014 0 0 0 A 10000000 35505000 150000 10000000 25355000 2016 1 0 1 1 B 2395000 16056398 226333 1900618 13819387 110060 1 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 1 1 1 JPMORGAN CHASE BANK 10.000000000000 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/12/2019 SCH K, PART II, LINE 12: THE UNSPENT PROCEEDS ARE BEING INVESTED AND EARNED $40 DURING THE YEAR ENDED JUNE 30, 2022. DISCLOSURE SUBJECT TO FERPA LAW 32372 INSTITUTIONAL GRANT EDUCATION DISCLOSURE SUBJECT TO FERPA LAW 22368 INSTITUTIONAL GRANT EDUCATION X 12 X 27 856269 FMV X 1 99378 FMV 0 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS PART I, LINE 32B: THE UNIVERSITY WILL RETAIN AN ATTORNEY FOR NONCASH REAL ESTATE GIFTS AND A BROKER FOR PUBLICLY TRADED SECURITIES. SCHEDULE M, LINE 33 THE UNIVERSITY DOES NOT ASSIGN OR RECORD A VALUE FOR ART AND OTHER COLLECTIONS RECEIVED AS GIFTS. ACCORDINGLY, THE VALUE OF CERTAIN ART AND OTHER COLLECTIONS HAS BEEN EXCLUDED FROM THE STATEMENTS OF FINANCIAL POSITION. SUBSEQUENTLY NO AMOUNT IS REPORTED IN COLUMN (C). FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT FOR THE FOLLOWING: SELECTION AND TERMINATION OF THE PRESIDENT, ELECTION OF TERM TRUSTEES, RECENT GRADUATE TRUSTEES, EMERITI, NON-TRUSTEE BOARD COMMITTEE MEMBERS, AND BOARD OFFICERS, CHANGES IN THE UNIVERSITY'S INSTITUTIONAL MISSION AND PURPOSES, CHANGES TO THE ARTICLES OF CONSOLIDATION AND ADOPTION OF THE ANNUAL BUDGET. THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIR OF THE BOARD, THE VICE CHAIR OF THE BOARD, THE IMMEDIATE PAST CHAIR OF THE BOARD, THE PRESIDENT OF THE UNIVERSITY, THE SECRETARY OF THE BOARD, THE CHAIRS OF THE ACADEMIC AND STUDENT AFFAIRS, FINANCE, RECRUITMENT AND RETENTION AND DEVELOPMENT COMMITTEES, IF SUCH BOARD COMMITTEES THEN EXIST, AND UP TO THREE ADDITIONAL TERM TRUSTEES APPOINTED ANNUALLY BY THE CHAIR OF THE BOARD AFTER CONSULTATION WITH THE TRUSTEE GOVERNANCE COMMITTEE AND THE PRESIDENT. THE COMMITTEE SHALL BE NO MORE THAN 12 PERSONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE POSTED ON THE BOARD TRUSTEE WEBSITE PRIOR TO FILING, WHICH IS CONSISTENT WITH HOW ALL MATERIALS FOR BOARD MEETINGS ARE COMMUNICATED TO BOARD MEMBERS. TO RESPECT THE WISHES OF CERTAIN DONORS TO REMAIN ANONYMOUS, WE HAVE CHOSEN NOT TO PROVIDE A FULL DISCLOSURE COPY OF THE 990 TO THE FULL GOVERNING BOARD OF LAWRENCE UNIVERSITY. A FULL DISCLOSURE COPY, WITH ALL DONOR INFORMATION, WILL BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO THE WRITTEN CONFLICT OF INTEREST POLICY, THE SECRETARY OF THE BOARD OF TRUSTEES SHALL REQUEST EACH PRESENT MEMBER OF THE BOARD OF TRUSTEES AND OFFICERS, AND EACH FUTURE MEMBER OF THE BOARD OF TRUSTEES AND OFFICER PRIOR TO FORMAL ELECTION TO COMPLETE AN APPROPRIATE STATEMENT, SIMILAR TO THE ONE APPENDED, AND TO RENEW THE STATEMENT AT LEAST ONCE EVERY YEAR WHILE SERVING IN ANY OF THESE CAPABILITIES. A CONFIDENTIAL FILE SHALL BE MAINTAINED OF SUCH STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE PRESIDENT'S CABINET OFFICERS AND ANY OTHER DISQUALIFIED PERSON'S COMPENSATION, WHICH IS THEN REPORTED TO THE BOARD. THE COMPENSATION SUBCOMMITTEE ALSO MONITORS COMPENSATION PHILOSOPHIES FOR THE UNIVERSITY AND STAFF. COMPENSATION SURVEY INFORMATION IS USED FROM COMPARABLE INSTITUTIONS. AN INDEPENDENT CONSULTANT IS USED EVERY FEW YEARS AS WELL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 1,335,457. CHANGE IN VALUE IN SPLIT INTEREST AGREEMENT -225,585. CHANGE IN BENEFICIAL INTEREST IN TRUSTS -1,097,432. CHANGE IN CASH SURRENDER VALUE 84,436. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.