2025-05-13T19:03:31-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-07-01 390806297 LAWRENCE UNIVERSITY OF WISCONSIN LAWR 9208327000 711 E BOLDT WAY APPLETON WI 54911 BRADLEY MITCHELL VP FOR FINANCE AND ADMINISTRATION 9208327000 2025-05-12 1 1 KIMBERLY ANDERSON CPA P00188889 6086628600 2025-05-12 2023 2025-03-06 01:10:19Z BRADLEY MITCHELL 711 E BOLDT WAY APPLETON WI 54911 193531706 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 1748 544 1273957 1259961 10767043 30844504 95031219 95601155 9504759 27507385 497230 482620 115800251 154435664 52355657 53466994 0 0 47413808 50977349 0 0 3685818 36448390 37983594 136217855 142427937 -20417604 12007727 593158843 653817525 79382947 103355274 513775896 550462251 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 86619757 53466994 78416387 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 COMMUNITY MUSIC SCHOOL 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. 18165014 0 610942 PROVIDE STUDENTS WITH SERVICES SUCH AS MUSIC, ATHLETICS, COMMUNITY INVOLVEMENT, RESIDENTIAL LIFE, COUNSELING, HEALTH CENTER, AND MULTICULTURAL AFFAIRS. 11431354 0 15539212 TRADITIONALLY PROVIDE FOOD SERVICE AND HOUSING TO APPROXIMATELY 1500 UNIVERSITY STUDENTS. 7662361 0 1482219 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. 7662361 0 1482219 123878486 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 317 0 1 1748 1 1 1 0 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 BRADLEY MITCHELL 9208327000 711 E BOLDT WAY APPLETON WI 54911 WILLIAM O HOCHKAMMER TRUSTEE 1.00 X 0 0 0 WILLIAM J BAER TRUSTEE, SECRETARY 1.00 X X 0 0 0 DAVID BLOWERS TRUSTEE 1.00 X 0 0 0 CHRISTOPHER MURRAY TRUSTEE 1.00 X 0 0 0 CHERYL KOPECKY TRUSTEE 1.00 X 0 0 0 IRENE STROHBEEN TRUSTEE 1.00 X 0 0 0 BREANNA SKEETS TRUSTEE 1.00 X 0 0 0 KATY SCHWARTZ STREI TRUSTEE 1.00 X 0 0 0 MARTHA J OLSON TRUSTEE 1.00 X 0 0 0 BARBARA LAWTON TRUSTEE 1.00 X 0 0 0 ANTON R VALUKAS TRUSTEE 1.00 X 0 0 0 ABIR SEN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER ANZALONE TRUSTEE 1.00 X 0 0 0 SARA QUANDT TRUSTEE 1.00 X 0 0 0 LAURIE CARTER PRESIDENT 40.00 X X 490701 0 113412 DEAN DUMONTHIER TRUSTEE 1.00 X 0 0 0 SARAH E SCHOTT TRUSTEE, VICE CHAIR 1.00 X X 0 0 0 EVAN BRAVOS TRUSTEE 1.00 X 0 0 0 RICHARD MOSER TRUSTEE 1.00 X 0 0 0 FRANCESCA ROMERO SIEKMAN TRUSTEE 1.00 X 0 0 0 PETER M MUSSER TRUSTEE 1.00 X 0 0 0 JON STELLMACHER TRUSTEE 1.00 X 0 0 0 ROBERT PERILLE TRUSTEE 1.00 X 0 0 0 RICHARD G FESSLER TRUSTEE 1.00 X 0 0 0 CORY L NETTLES TRUSTEE, CHAIR 1.00 X X 0 0 0 TAMIKA FRANKLIN TRUSTEE 1.00 X 0 0 0 SUSAN HALL TRUSTEE 1.00 X 0 0 0 SHELLEY A DAVIS TRUSTEE 1.00 X 0 0 0 DAVID KNAPP TRUSTEE 1.00 X 0 0 0 LYDIA HOWARTH TRUSTEE 1.00 X 0 0 0 SCOTT D MYERS TRUSTEE 1.00 X 0 0 0 FREDERICK FISHER TRUSTEE 1.00 X 0 0 0 DAVID SHEPARD TRUSTEE 1.00 X 0 0 0 LOUIS B BUTLER JR TRUSTEE 1.00 X 0 0 0 CHRIS CLARKE VP FOR STUDENT LIFE 40.00 X 162325 0 37855 KENNY YARBROUGH VP FOR DEI/ANTIRACISM 40.00 X 131628 0 11416 CALVIN HUSMAN VP FOR ALUMNI AND DEVELOPMENT 40.00 X 211466 0 41017 PETER BLITSTEIN PROVOST AND DEAN OF FACULTY 40.00 X 179891 0 22522 SAMIR DATTA VP FOR FINANCE & ADMINISTRATION 40.00 X 284983 0 14513 ERIC SCHACHT UNIVERSITY COUNSEL 40.00 X 192438 0 29451 STEVEN ARMSTRONG DIR. OF IT 40.00 X 120845 0 26578 CHRISTYN ABARAY VP, CHIEF OF STAFF 40.00 X 146178 0 34094 ANNA PONDER VP FOR UNIVERSITY ADVANCEMENT 40.00 X 216359 0 14122 BRIAN PERTL DEAN OF THE CONSERVATORY OF MUSIC 40.00 X 204553 0 23621 2341367 0 368601 24 0 1 0 ADVANCED PHYSICAL THERAPY & SPORTS MEDIC 2105 E ENTERPRISE AVENUE SUITE 113 APPLETON WI 54913 PHYSICAL THERAPY, OCCUPATIONAL THERAPY, 256520 STORBECK SEARCH LLC 1400 NORTH PROVIDENCE ROAD SUITE 35 MEDIA PA 19063 EXECUTIVE SEARCH CONSULTANTS 161949 MADE NEW RESTORATION & REMODELING LLC 1109 EAST LINCOLN AVENUE LITTLE CHUTE WI 54140 FIRE & WATER DAMAGE RESTORATION-MOLD REM 155061 ENCORE LLC (OWNER) PO BOX 88369 MILWAUKEE WI 53288 FINANCIAL SERVICES 122330 CREDO LLC 940 GOLF HOUSE ROAD W UNIT 200 WHITSETT NC 27377 HIGHER EDUCATION CONSULTING 110392 7 18336 596523 30229645 810035 30844504 TUITION AND FEES 611710 78368456 78368456 ROOM AND BOARD 611710 15539212 15539212 AUXILIARY ENTERPRISES 611710 1482219 1482219 SUMMER CAMPS AND EVENTS 611710 155586 155586 CONSERVATORY 611710 55682 55682 95601155 6950891 1273957 5676934 18888 0 18888 18888 18888 59640889 39084395 20556494 20556494 20556494 9802 18336 8747 1055 1055 17972 2900 15072 15072 MISC REVENUE 900099 447605 447605 447605 154435664 96048760 1273957 26268443 53466994 53466994 1629384 200180 1176721 252483 37456456 30421571 4795975 2238910 2413619 2004763 263041 145815 6815634 5197036 1618598 2662256 2102643 387125 172488 88031 88031 98416 98416 3169239 1766975 1168855 233409 387087 21691 365369 27 2420232 2145651 193014 81567 1107681 121630 986051 2669142 2382434 286708 3011482 2342752 288740 379990 179802 81572 26887 71343 2482347 1803240 679107 8076248 7744887 331361 1139439 2897 1136542 DINING 5089352 5089352 REPAIRS AND MAINTENANCE 2471112 2254463 204723 11926 TUITION EXPENSES 1832125 1832125 LIBRARY BOOKS 847770 847770 2914089 2047860 768369 97860 142427937 123878486 14863633 3685818 69030 73295 8635126 21549774 10354339 25121632 531454 448528 248353 354524 1058730 1117895 345578656 195037116 126898494 150541540 205268281 211807117 237380274 240332857 1286603 890659 1428159 1579704 593158843 653817525 9534345 11118856 1865142 1806750 51211446 74003546 1397334 1331748 6837573 6652159 8537107 8442215 79382947 103355274 X 96038140 95465208 417737756 454997043 513775896 550462251 593158843 653817525 X 12007727 23688710 989918 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 443506343 5193730 50230536 23145456 14550726 461234427 440838808 4765806 28580073 13720768 16957576 443506343 487034820 7472399 -30497581 11112947 12057883 440838808 361079910 11083779 133468727 9193628 9403968 487034820 356957659 9944858 13361517 9474187 9709937 361079910 0.11160 0.58050 0.30790 1 0 3407691 3407691 226369041 119638370 106730671 79867467 69288788 10578679 35934457 6109958 29824499 150541540 ALTERNATIVE INVESTMENTS 240332857 F 240332857 POSTRETIREMENT OBLIGATIONS 1582898 ANNUITIES PAYABLE 2428542 ASSET RETIREMENT OBLIGATIONS 4430775 8442215 X 125647298 23688710 989918 24678628 100968670 53466994 53466994 154435664 88960943 0 88960943 53466994 53466994 142427937 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 THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT 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, 2024 AND 2023. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -55,681. CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 746,613. CHANGE IN VALUE OF INTEREST RATE SWAP 113,811. CHANGE IN CASH SURRENDER VALUE 185,175. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 53,466,994. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 53,466,994. 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) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 7 PROGRAM SERVICES OFF CAMPUS EDUCATIONAL EXPERIENCE 585822 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS FOREIGN INVESTMENTS DOMICILED IN THE CAYMAN ISLANDS AND VIRGIN ISLANDS 99953421 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS FOREIGN INVESTMENTS DOMICILED IN SCOTLAND AND LUXEMBOURG 4677536 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS FOREIGN INVESTMENTS DOMICILED IN CANADA 10252786 1 7 0 0 1 7 115469565 0 115469565 1 0 1 1 1 0 PART I, LINE 3, COLUMN (F): THE ACCOUNTING METHOD USED IS ACCRUAL. GOLF OUTING 28138 18336 9802 3360 5387 28138 18336 9802 3360 5387 8747 1055 17972 2900 0 17972 2900 2900 15072 WI 1 0 1 0 1.00000 0.00000 BRADLEY MITCHELL 711 E BOLDT WAY APPLETON WI 54911 0 BRADLEY MITCHELL 0 RECORDKEEPING OF GAMING OPERATIONS. X 0 1 SCHOLARSHIPS TO STUDENTS 1451 53466994 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 LAURIE CARTER PRESIDENT 490701 0 0 0 0 0 68870 0 44542 0 604113 0 0 0 SAMIR DATTA VP FOR FINANCE & ADMINISTRATION 284983 0 0 0 0 0 14513 0 0 0 299496 0 0 0 CALVIN HUSMAN VP FOR ALUMNI AND DEVELOPMENT 211466 0 0 0 0 0 17250 0 23767 0 252483 0 0 0 ANNA PONDER VP FOR UNIVERSITY ADVANCEMENT 200303 0 0 0 16056 0 6508 0 7614 0 230481 0 0 0 BRIAN PERTL DEAN OF THE CONSERVATORY OF MUSIC 185280 0 0 0 19273 0 14097 0 9524 0 228174 0 0 0 ERIC SCHACHT UNIVERSITY COUNSEL 176640 0 0 0 15798 0 9685 0 19766 0 221889 0 0 0 PETER BLITSTEIN PROVOST AND DEAN OF FACULTY 179891 0 0 0 0 0 14526 0 7996 0 202413 0 0 0 CHRIS CLARKE VP FOR STUDENT LIFE 162325 0 0 0 0 0 13759 0 24096 0 200180 0 0 0 CHRISTYN ABARAY VP, CHIEF OF STAFF 146178 0 0 0 0 0 9827 0 24267 0 180272 0 0 0 PART I, LINE 1A THE FOLLOWING INDIVIDUALS RECEIVED HOUSING ALLOWANCES INCLUDED IN THEIR 2023 CALENDAR TAXABLE COMPENSATION - - ERIC SCHACHT - BRIAN PERTL THE FOLLOWING INDIVIDUALS ARE REQUIRED TO LIVE ON UNIVERSITY PROPERTY AND RECEIVED HOUSING ALLOWANCES NOT INCLUDED IN THEIR 2023 CALENDAR TAXABLE COMPENSATION - - LAURIE CARTER THE FOLLOWING INDIVIDUALS RECEIVED PERSONAL SERVICES FOR HANDYMAN AND LANDSCAPER SERVICES NOT INCLUDED IN THEIR 2023 CALENDAR TAXABLE COMPENSATION - - LAURIE CARTER PART I, LINES 4A-B 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, 2023. JEFFREY STANNARD RECEIVED SEVERANCE PAYMENTS OF $43,526 FOR CALENDAR YEAR ENDED DECEMBER 31, 2023. RYAN BOEHM RECEIVED SEVERANCE PAYMENTS OF $5,453 FOR CALENDAR YEAR ENDED DECEMBER 31, 2023. ASHLEY LEWIS RECEIVED SEVERANCE PAYMENTS OF $16,123 FOR CALENDAR YEAR ENDED DECEMBER 31, 2023. DENA REUBEN RECEIVED SEVERANCE PAYMENTS OF $5,769 FOR CALENDAR YEAR ENDED DECEMBER 31, 2023. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 97712D6E1 2020-03-11 16055088 CURRENT REFUND OF BOND ISS 8/29/12 AND $10M OF BOND ISS 11/3/14 AND $2M NEW 0 0 0 B WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 2023-02-01 43385000 CURRENT REFUND OF BONDS ISSUED 11-3-14 AND NEW MONEY FOR CAPITAL PROJECTS 0 0 0 C WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 2024-05-29 15150000 NEW MONEY FOR CAPITAL PROJECTS 0 0 0 A 4500088 16055088 235701 2000000 14055088 2022 1 0 0 1 B 1625000 43385000 200000 18000000 25185000 1 0 0 1 C 15150000 150000 15150000 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 1 JPMORGAN CHASE BANK 10.000000000000 1 0 0 0 1 C 0 1 0 0 1 1 ASSOCIATED BANK 10.000000000000 1 0 0 0 1 A 1 B 1 C 1 DISCLOSURE SUBJECT TO FERPA LAW 42250 INSTITUTIONAL GRANT EDUCATION X 30 578335 FMV X 1 231700 FMV 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS BEING REPORTED. PART I, LINE 32B: THE UNIVERSITY WILL RETAIN AN ATTORNEY FOR NONCASH REAL ESTATE GIFTS AND A BROKER FOR PUBLICLY TRADED SECURITIES. 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 113,811. CHANGE IN VALUE IN SPLIT INTEREST AGREEMENT -55,681. CHANGE IN BENEFICIAL INTEREST IN TRUSTS 746,613. CHANGE IN CASH SURRENDER VALUE 185,175.