2025-05-15T10:47:51-05:00 2024-06-30 135565207 KPMG LLP 60 SOUTH STREET TWO FINANCIAL CENTER BOSTON MA 02111 990 2023-07-01 060646959 WESLEYAN UNIVERSITY WESL 8606852000 55 HIGH STREET MIDDLETOWN CT 06457 CHRISTOPHER OLT CHIEF FINANCIAL OFFICER 8606852000 2025-05-14 1 0 KRISTIN ANDERSON P01231300 6179881000 2025-05-13 2023 2025-03-06 01:10:19Z MICHAEL ROTH 55 HIGH STREET MIDDLETOWN CT 06457 937545000 0 X WWW.WESLEYAN.EDU X 1831 CT SEE SCHEDULE O 37 35 3706 803 -348810 0 50718000 51437000 264773000 278387000 37868000 112802000 9509000 6369000 362868000 448995000 78708199 85955088 0 0 153686861 161252915 0 0 10623252 119828940 126538997 352224000 373747000 10644000 75248000 2371732000 2429763000 540196000 534689000 1831536000 1895074000 X WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN LIBERAL ARTS BY BUILDING A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS, FACULTY, AND STAFF WHO VALUE INDEPENDENCE OF MIND AND GENEROSITY OF SPIRIT. SEE ADDITIONAL DESCRIPTION IN SCHEDULE O. 0 0 233831143 85911000 220212000 INSTRUCTION AND RESEARCHWESLEYAN UNIVERSITY OFFERS MORE THAN 900 COURSES IN 47 MAJOR FIELDS OF STUDY, 32 MINOR FIELDS OF STUDY, AND 2 CERTIFICATE PROGRAMS, AND AWARDS THE BACHELOR OF ARTS, A MASTER OF ARTS AND A DOCTOR OF PHILOSOPHY. THIS RICH CATALOG REFLECTS WESLEYAN'S COMMITMENT TO A WELL-ROUNDED EDUCATION, ALLOWING STUDENTS TO EXPLORE EVERYTHING FROM THE ARTS AND HUMANITIES TO SCIENCES AND SOCIAL STUDIES. INSTRUCTION AND RESEARCH INCLUDES ALL EXPENDITURES FOR COMPENSATION AND OTHER EXPENSES IN SUPPORT OF INSTRUCTIONAL ACTIVITY. THE STUDENT BODY IS MADE UP OF APPROXIMATELY 3,000 FULL-TIME UNDERGRADUATE STUDENTS AND 140 GRADUATE STUDENTS AS WELL AS AROUND 60 STUDENTS PER YEAR IN THE GRADUATE LIBERAL STUDIES PROGRAM. AN ONGOING FACULTY OF MORE THAN 400 IS JOINED EACH SEMESTER BY A DISTINGUISHED GROUP OF VISITING ARTISTS AND PROFESSORS. TODAY'S STUDENT/INSTRUCTOR RATIO IS 8 TO 1 AND ABOUT TWO THIRDS OF ALL COURSES ENROLL FEWER THAN 20 STUDENTS. 66096000 58175000 AUXILIARY SERVICES AND OTHERAUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,000 STUDENTS RESIDING ON A 316 ACRE CAMPUS. THERE ARE 8 RESIDENCE HALLS, 7 APARTMENT COMPLEXES AND OVER 25 PROGRAM HOUSES IN ADDITION TO OVER 140 HOUSE UNITS ON CAMPUS FOR UPPER-CLASS STUDENTS. WORKING IN PARTNERSHIP WITH STUDENTS AND COLLABORATIVELY WITH OTHER MEMBERS OF THE WESLEYAN COMMUNITY, THE OFFICE OF RESIDENTIAL LIFE STRIVES TO PROVIDE A SAFE AND SUPPORTIVE RESIDENTIAL ENVIRONMENT THAT COMPLEMENTS AND EXTENDS STUDENTS' EDUCATIONAL EXPERIENCE. STUDENT-CENTERED PROGRAMS AND SERVICES ARE DEVELOPED AND IMPLEMENTED WITH AN EMPHASIS ON HOLISTIC INDIVIDUAL AND COMMUNITY DEVELOPMENT, STUDENT LEADERSHIP, INDIVIDUAL RESPONSIBILITY, ADVOCACY OF ACADEMIC INQUIRY, AND FREEDOM OF THOUGHT, OPINION AND EXPRESSION IN THE SPIRIT OF MUTUAL RESPECT. THESE ARE THE HALLMARKS OF THE WESLEYAN RESIDENTIAL EXPERIENCE, AND THEY PROVIDE THE ESSENTIAL FOUNDATION FOR A QUALITY LIBERAL ARTS EDUCATION WITHIN A DIVERSE AND DYNAMIC COMMUNITY. 13379000 LIBRARIESLIBRARY EXPENSES INCLUDE ACQUISITION OF BOOKS, PERIODICALS AND OTHER MATERIALS, COMPENSATION OF STAFF, AND OTHER EXPENDITURES IN SUPPORT OF THE LIBRARY. THE MISSION OF THE LIBRARY IS TO PROVIDE THE INFORMATION SERVICES AND RESOURCES REQUIRED TO SUPPORT THE LEARNING, TEACHING, AND RESEARCH OF THE WESLEYAN COMMUNITY.TO CARRY OUT THIS MISSION THE LIBRARY WILL: - ORGANIZE AND PROVIDE INTELLECTUAL AND PHYSICAL ACCESS TO COLLECTIONS AND INFORMATION RESOURCES LOCALLY AND WORLD-WIDE- DEVELOP AND PRESERVE LOCAL COLLECTIONS - TEACH AND GUIDE USERS IN THE LIBRARY RESEARCH PROCESS - PROVIDE AN ATMOSPHERE CONDUCIVE TO STUDY, RESEARCH, AND LEARNING - CONTRIBUTE TO THE LARGER SCHOLARLY WORLDTHE WESLEYAN LIBRARY WILL PROVIDE UNEXCELLED SERVICES. IT IS A DYNAMIC PLACE WHERE LIBRARY STAFF PROVIDE USERS WITH THE INFORMATION THEY NEED, AS WELL AS A KEEN SENSE THAT THERE ARE MANY PATHS, AND A WIDE RANGE OF SKILLS NECESSARY FOR THE EFFECTIVE USE AND EVALUATION OF INFORMATION RESOURCES. 7918603 44088 5737000 STUDENT SERVICES INCLUDES THE COSTS ASSOCIATED WITH ADMINISTERING THE OFFICE OF ADMISSIONS, REGISTRAR, FINANCIAL AID, CAREER PLANNING, HEALTH SERVICES, INSTITUTIONAL RESEARCH AND DEAN'S OFFICE. 7918603 44088 5737000 321224746 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 1 938 0 1 3706 1 1 1 1 FR IT SP 0 0 0 0 0 0 0 0 1 1 X 37 35 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL KY MD MA MI NH NJ NY OK OR WA X X VALERIE NYE 8606853192 55 HIGH STREET MIDDLETOWN CT 06457 MICHAEL S ROTH PRESIDENT AND TRUSTEE 38.00 X X 2403635 0 229218 ESSEL W BAILEY JR TRUSTEE 1.00 X 0 0 0 DAVID BARR TRUSTEE 1.00 X 0 0 0 ANDREA GRUBB BARTHWELL TRUSTEE 1.00 X 0 0 0 ADAM C BIRD TRUSTEE 1.00 X 0 0 0 BILL BOULWARE TRUSTEE 1.00 X 0 0 0 PHOEBE C BOYER TRUSTEE 1.00 X 0 0 0 LUZ NEREIDA BURGOS-LOPEZ TRUSTEE 1.00 X 0 0 0 MARC N CASPER TRUSTEE 1.00 X 0 0 0 ERIC B DACHS TRUSTEE 1.00 X 0 0 0 OLIVER D'MEZA TRUSTEE 1.00 X 0 0 0 STUART J ELLMAN TRUSTEE 1.00 X 0 0 0 ANDREW H FAIRBANKS TRUSTEE 1.00 X 0 0 0 NYASHA SHANI FOY TRUSTEE 1.00 X 0 0 0 JOHN FRANK TRUSTEE 1.00 X 0 0 0 JOSH GOLDIN TRUSTEE 1.00 X 0 0 0 ANNE S GOLDRACH TRUSTEE 1.00 X 0 0 0 SCOTT GOTTLIEB TRUSTEE 1.00 X 0 0 0 SUSANNAH GRAY TRUSTEE 1.00 X 0 0 0 JOSHUA BRUCE GUILD TRUSTEE 1.00 X 0 0 0 SARAH B KENDALL TRUSTEE 1.00 X 0 0 0 KIMBERLY KING TRUSTEE 1.00 X 0 0 0 ROBERT F KING TRUSTEE 1.00 X 0 0 0 DEGAN MERCADO LEOPOLD TRUSTEE 1.00 X 0 0 0 DANA ALIZA LEVY TRUSTEE 1.00 X 0 0 0 GAIL MARCUS TRUSTEE 1.00 X 0 0 0 MONICA G NOETHER TRUSTEE 1.00 X 0 0 0 DEBORAH PEARSON-WOODHOUSE TRUSTEE 1.00 X 0 0 0 ROBERT A PRUZAN TRUSTEE 1.00 X 0 0 0 PHILIP J RAUCH TRUSTEE 1.00 X 0 0 0 MICHELE A ROBERTS TRUSTEE 1.00 X 0 0 0 BOZOMA SAINT JOHN TRUSTEE 1.00 X 0 0 0 JOHN M SHAPIRO TRUSTEE 1.00 X 0 0 0 JOEL C TILLINGHAST TRUSTEE 1.00 X 0 0 0 ANDREW E VOGEL TRUSTEE 1.00 X 0 0 0 ELLEN E WEST TRUSTEE 1.00 X 0 0 0 LUKE WOOD TRUSTEE 1.00 X 0 0 0 ANDREW TANAKA SVP, CHIEF ADMIN OFF. & TR 38.00 X 388023 0 104846 DAVID STUART WINAKOR GENERAL COUNSEL/SECRETARY 38.00 X 287486 0 86664 ANNE MARTIN CHIEF INVESTMENT OFFICER 38.00 X 1335882 0 120711 NICOLE LYNN STANTON PROVOST, SR VP ACADEMIC AF 38.00 X 309640 0 115256 FRANTZ WILLIAMS JR VP FOR ADVANCEMENT 38.00 X 345428 0 63853 MICHAEL J WHALEY VP FOR STUDENT AFFAIRS 38.00 X 261313 0 69645 AMIN ABDUL-MALIK GONZALEZ VP & DEAN OF ADMIN/FIN AID 38.00 X 233912 0 93298 RENELL M WYNN VP FOR COMMUNICATIONS 38.00 X 267450 0 53757 DAVE BAIRD VICE PRESIDENT FOR IT/CIO 38.00 X 232597 0 80505 JOSEPH M SIRY CHAIR OF FACULTY 38.00 X 202484 0 71189 JONATHAN DON FARRAR DIRECTOR OF INVESTMENTS 38.00 X 625059 0 119264 MATTHEW MAGENHEIM DIRECTOR INVESTMENT OFFICE 38.00 X 475348 0 98961 BRETT A SALAFIA DIRECTOR, OPS & INVEST 38.00 X 339118 0 46607 LISA C DIERKER PROFESSOR 38.00 X 261063 0 108946 ISHITA MUKERJI PROFESSOR 38.00 X 267990 0 94327 SEAN MCCANN FMR CHAIR OF FACULTY 38.00 X 187373 0 65507 GARY SHAW FMR CHAIR OF FACULTY 38.00 X 194564 0 47526 ANDREA L PATALANO FMR CHAIR OF FACULTY 38.00 X 170660 0 44945 8789025 0 1715025 396 1 1 0 FIP CONSTRUCTION INC 1536 NEW BRITAIN AVENUE FARMINGTON CT 06032 CONSTRUCTION SERVICES 20753910 COMPASS GROUP USA INC PO BOX 417632 BOSTON MA 022417632 DINING SERVICES 7517246 SMG CORPORATE SERVICES PO BOX 53 BRATTLEBORO VT 053020053 CUSTODIAL SERVICES 4199355 ACCENTURE LLP 888 BOYLSTON ST BOSTON MA 02199 CONSULTANT FEES 2888597 AZ CORPORATION PO BOX 370 NORTH STONINGTON CT 06359 CONSTRUCTION SERVICES 1620246 26 8310000 43127000 11456000 51437000 TUITION AND FEES 611710 220212000 220212000 AUXILIARY SERVICES 611710 58175000 58175000 278387000 5666000 -1271783 6937783 7000 7000 593832000 486696000 107136000 107136000 922973 106213027 2479000 1854000 625000 625000 OTHER REVENUE 531390 5737000 5737000 5737000 448995000 284124000 -348810 113782810 44088 44088 85911000 85911000 7370665 1716367 4274663 1379635 619013 619013 115697559 104724483 6146534 4826542 10908000 7421258 2807642 679100 17764594 12558466 4236576 969552 8893084 6347173 2092931 452980 16344870 8758634 6717288 868948 737467 153821 574972 8674 449058 449058 703 703 7075608 7075608 104458 89802 9179 5477 6175138 5606621 237910 330607 7438496 6867730 213084 357682 4787271 2388841 2344442 53988 11091202 10514516 336331 240355 5333802 4090192 809629 433981 359872 260399 83938 15535 16272109 15803462 468647 13538000 13126901 410903 196 1249359 1249359 DINING 22105998 22101498 4500 FOREIGN PROGRAM 9454160 9454160 FELLOWSHIPS & AWARDS 2666321 2666321 MISCELLANEOUS 1355105 1355105 373747000 321224746 41899002 10623252 14259000 39671000 267026000 189709000 23751000 21114000 381277 501000 66723 1906000 1667000 1028000 1056000 4193000 4392000 881727000 325121000 470481000 556606000 740358000 792970000 844005000 818575000 4277000 3502000 2371732000 2429763000 31445000 41435000 14843000 12466000 55495000 55495000 380520000 380520000 57893000 44773000 540196000 534689000 X 604997000 647904000 1226539000 1247170000 1831536000 1895074000 2371732000 2429763000 X 75248000 -13459000 1749000 X 0 1 X 1 1 1 X 56283000 74932000 87411000 50718000 51437000 320781000 56283000 74932000 87411000 50718000 51437000 320781000 34846998 285934002 4223502 215258 649499 271725 6944783 12304767 188742 981967 1170709 1869429 1704000 2371000 2370000 2479000 10793429 345049905 1281518000 0.82870 0.82650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 703 703 0 PART II-B, LINE 1: OTHER LOBBYING ACTIVITIES WESLEYAN UNIVERSITY BELONGS TO THE CONNECTICUT CONSORTIUM OF INDEPENDENT COLLEGES (CCIC), WHICH AT TIMES MAY ENGAGE IN LOBBYING ACTIVITIES. $703 REPRESENTS THE PORTION OF DUES PAID ALLOCABLE TO LOBBYING ACTIVITIES. X X 2 10.00 2 1 1 X X X 0 1554388000 20244000 75465000 15278000 51513000 1583306000 1564521000 20675000 32343000 13676000 49475000 1554388000 1669796000 33307000 -79952000 11455878 47174122 1564521000 1130907000 10549000 574535000 10984000 35211000 1669796000 1080015000 10782000 85832000 10376000 35346000 1130907000 0.27900 0.28470 0.43630 0 0 38476000 38476000 576932000 217571000 359361000 146054000 107550000 38504000 120265000 120265000 556606000 REAL ASSETS 124240000 F PRIVATE EQUITY 694335000 F 818575000 CHARITABLE REMAINDER TRUSTS 9847000 POST-RETIREMENT BENEFITS 18979000 PERKINS LOAN PROGRAM 2232000 ASSET RETIREMENT OBLIGATION 9827000 BOND PREMIUM 3449000 LIABILITIES RELATED TO INVESTMENTS 439000 44773000 X 430209000 -13459000 1749000 -11710000 441919000 7076000 7076000 448995000 366671000 0 366671000 7076000 7076000 373747000 PART II, LINE 9: CONSERVATION EASEMENTS WESLEYAN UNIVERSITY DOES NOT OWN ANY PROPERTY ENCUMBERED BY A CONSERVATION EASEMENT. HOWEVER, THE LONG LANE PARCEL IS CURRENTLY UNDER THE TRANSFER ACT AGREEMENT WITH CT DEP PERTAINING TO REMEDIATED SOIL PILES, EXCAVATIONS AND IMPACTED WETLANDS, WHICH ARE PROTECTED UNDER LOCAL AND STATE REGULATIONS AND HAVE A WRITTEN MANAGEMENT PLAN WHICH PROVIDES A POLICY FOR PROTECTING THE AREAS INCLUDING THE PERIODIC MONITORING, INSPECTION, AND ENFORCEMENT OF THE SITE. REGARDING HISTORIC BUILDINGS, THE CITY OF MIDDLETOWN DESIGN PRESERVATION AND REVIEW BOARD (DRPB) REVIEWS PROPOSED RENOVATIONS TO ALL HISTORIC STRUCTURES IN CERTAIN DISTRICTS, WHICH INCLUDES WESLEYAN'S CAMPUS. THE DRPB THEN MAKES RECOMMENDATIONS TO THE MIDDLETOWN DIRECTOR OF PLANNING FOR SUCH RENOVATIONS. WESLEYAN POLICY REQUIRES OUR CONTRACTED ARCHITECTS, ENGINEERS AND CONTRACTORS TO COMPLY WITH ALL LOCAL, STATE AND FEDERAL REGULATIONS ON EVERY PROJECT. CONTRACTS FOR DESIGN SERVICES IN HISTORIC BUILDINGS REQUIRE THAT THE ARCHITECT AND WESLEYAN SUBMIT PROPOSED RENOVATION PLANS TO THE CITY OF MIDDLETOWN AND THE DRPB AS REQUIRED BY ZONING LAW. PART III, LINE 4: ORGANIZATIONS COLLECTIONS OF ARTS THE DAVIDSON ART COLLECTION HOLDS MORE THAN 25,000 WORKS OF ART ON PAPER, INCLUDING PRINTS, PHOTOGRAPHS, AND DRAWINGS. THE DAVIDSON ART COLLECTION SUPPORTS TEACHING, LEARNING, AND RESEARCH IN ITS STUDY ROOM, AND PRESENTS PUBLIC EXHIBITIONS IN THE PRUZAN ART CENTER AND GOLDRACH GALLERY. WESLEYAN STUDENTS IN MANY DEPARTMENTS USE THE COLLECTIONS FOR CLASS ASSIGNMENTS OR VIEWINGS, AS WELL AS FOR INDIVIDUAL RESEARCH PROJECTS WITH UNIVERSITY FACULTY. PART V, LINE 4: ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,300 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE UNIVERSITY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE UNIVERSITY FOLLOWS A SPENDING POLICY KNOWN AS THE TOBIN SPENDING RULE, NAMED FOR JAMES TOBIN, RECIPIENT OF THE 1971 NOBEL PRIZE IN ECONOMICS. THIS RULE SETS THE ANNUAL DISTRIBUTION USING A QUANTITATIVE FORMULA THAT COMBINES ELEMENTS OF STABILITY AND MARKET CONDITIONS. THE UNIVERSITY'S ENDOWMENT SPENDING IS 70% BASED ON THE PRIOR YEAR'S SPENDING PLUS INFLATION (MEASURED BY THE HIGHER EDUCATION PRICE INDEX (HEPI) AS OF JUNE 30 OF THE PAST FISCAL YEAR) AND 30% FROM 4.5% OF THE MARKET VALUE OF ENDOWMENT AS OF JUNE 30 OF THE PREVIOUS FISCAL YEAR. ABOUT 92% OF THE PERMANENTLY RESTRICTED NET ASSETS CONSIST OF THOSE FOR WHICH INCOME IS RESTRICTED TO FINANCIAL AID, INSTRUCTION AND RESEARCH. WESLEYAN UNIVERSITY HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, ITS FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS OR NET ASSETS WITH DONOR RESTRICTIONS. HOWEVER, FOR THE PURPOSES OF PART V, LINE 2, WESLEYAN UNIVERSITY CONTINUES TO REPORT ITS ENDOWMENT COMPOSITION USING THE THREE CATEGORIES PROVIDED: BOARD DESIGNATED, PERMANENT ENDOWMENT, AND TERM ENDOWMENT. PART X, LINE 2: UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) THE UNIVERSITY IS GENERALLY EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENT 3,146,000. POSTRETIREMENT BENEFIT OBLIGATION CHANGES -1,397,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 UNDER THE PROVISIONS OF REV. PROC. 2019-22, THE INSTITUTION MAKES ITS RACIALLY NONDISCRIMINATORY POLICY AVAILABLE ON ITS WEBSITE HOMEPAGE (WWW.WESLEYAN.EDU). SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES AWARDS FROM THE DEPARTMENT OF EDUCATION TO BE USED FOR STUDENT FINANCIAL ASSISTANCE. IT ALSO RECEIVES VARIOUS RESEARCH AND DEVELOPMENT GRANTS PRIMARILY FROM THE NATIONAL SCIENCE FOUNDATION AND DEPARTMENT OF HEALTH AND HUMAN SERVICES. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD/RESEARCH 1424 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD/RESEARCH 70783 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD/RESEARCH 1938629 NORTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD/RESEARCH 16468 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDY ABROAD/RESEARCH 20716 SOUTH ASIA 0 0 PROGRAM SERVICES STUDY ABROAD/RESEARCH 41191 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD/RESEARCH 5955 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 404625921 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 44243451 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 18719101 0 0 0 0 0 0 406721087 62962552 469683639 1 0 1 1 1 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES STUDENT FINANCIAL AID: FINANCIAL AID IS DETERMINED BASED ON A NEEDS ANALYSIS AND APPLIED TO STUDENT CHARGES THAT SUPPORT THE COST OF ATTENDANCE. STUDENT CHARGES ARE USED IN SUPPORTING THE UNIVERSITY'S MISSION. STUDY ABROAD GRANTS: WESLEYAN ALTERNATES RUNNING FOREIGN PROGRAMS WITH VASSAR COLLEGE AND WELLESLEY COLLEGE IN SPAIN, ITALY, AND FRANCE. IN FISCAL YEAR 2024, WESLEYAN RAN THE PROGRAM IN SPAIN. STUDENTS ATTEND APPROVED STUDY ABROAD PROGRAMS AND RECEIVE WESLEYAN CREDIT. PROGRAMS ARE APPROVED BASED ON A REVIEW BY A FACULTY COMMITTEE. ONCE THE PROGRAM IS APPROVED, THE OFFICE OF INTERNATIONAL STUDIES, IN CONJUNCTION WITH THE FINANCE OFFICE, FACILITATES PAYMENT AND FINANCIAL AID TO THE HOST SCHOOL. AFTER A STUDENT COMPLETES THE PROGRAM, THEY FILL OUT AN EVALUATION OF THE PROGRAM AND AN OFFICIAL TRANSCRIPT IS PRESENTED TO THE UNIVERSITY FROM THE PROGRAM. 1 CITY OF MIDDLETOWN 245 DEKOVEN DRIVE MIDDLETOWN CT 06457 066001872 170(B)(1)(A)(V) 0 44088 UNRESTRICTED 1 0 FINANCIAL AID, SCHOLARSHIPS, GRADUATE TUITION REMISSION, SEOG 1655 85911000 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS GRANTS TO ORGANIZATIONS IN THE U.S. THE UNIVERSITY MAY MAKE DONATIONS TO SUPPORT ITS TOWN OR NON-PROFIT ORGANIZATIONS. IN THESE INSTANCES, THE UNIVERSITY GENERALLY DOES NOT MONITOR THE ULTIMATE USE OF THE FUNDS AS THESE AMOUNTS ARE UNRESTRICTED GRANTS TO MUNICIPALITIES OR ORGANIZATIONS THAT ARE RECOGNIZED AS BEING DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C). GRANTS TO INDIVIDUALS IN THE U.S. FINANCIAL AID IS DETERMINED BASED ON A NEEDS ANALYSIS AND APPLIED TO STUDENT CHARGES THAT SUPPORT COST OF ATTENDANCE. STUDENT CHARGES ARE USED IN SUPPORT OF THE UNIVERSITY'S MISSION. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 MICHAEL S ROTH PRESIDENT AND TRUSTEE 714813 0 110000 0 1578822 0 53085 0 176133 0 2632853 0 1100000 0 ANNE MARTIN CHIEF INVESTMENT OFFICER 641897 0 693985 0 0 0 52145 0 68566 0 1456593 0 0 0 JONATHAN DON FARRAR DIRECTOR OF INVESTMENTS 323979 0 301080 0 0 0 53085 0 66179 0 744323 0 0 0 MATTHEW MAGENHEIM DIRECTOR INVESTMENT OFFICE 286304 0 189044 0 0 0 49722 0 49239 0 574309 0 0 0 ANDREW TANAKA SVP, CHIEF ADMIN OFF. & TR 353023 0 35000 0 0 0 53085 0 51761 0 492869 0 0 0 NICOLE LYNN STANTON PROVOST, SR VP ACADEMIC AF 306640 0 3000 0 0 0 29324 0 85932 0 424896 0 0 0 FRANTZ WILLIAMS JR VP FOR ADVANCEMENT 342428 0 3000 0 0 0 30585 0 33268 0 409281 0 0 0 BRETT A SALAFIA DIRECTOR, OPS & INVEST 205713 0 133405 0 0 0 25653 0 20954 0 385725 0 0 0 DAVID STUART WINAKOR GENERAL COUNSEL/SECRETARY 284486 0 3000 0 0 0 34879 0 51785 0 374150 0 0 0 LISA C DIERKER PROFESSOR 258063 0 3000 0 0 0 43135 0 65811 0 370009 0 0 0 ISHITA MUKERJI PROFESSOR 264990 0 3000 0 0 0 38371 0 55956 0 362317 0 0 0 MICHAEL J WHALEY VP FOR STUDENT AFFAIRS 258313 0 3000 0 0 0 24018 0 45627 0 330958 0 0 0 AMIN ABDUL-MALIK GONZALEZ VP & DEAN OF ADMIN/FIN AID 230912 0 3000 0 0 0 21345 0 71953 0 327210 0 0 0 RENELL M WYNN VP FOR COMMUNICATIONS 264450 0 3000 0 0 0 24912 0 28845 0 321207 0 0 0 DAVE BAIRD VICE PRESIDENT FOR IT/CIO 229597 0 3000 0 0 0 44012 0 36493 0 313102 0 0 0 JOSEPH M SIRY CHAIR OF FACULTY 199484 0 3000 0 0 0 40710 0 30479 0 273673 0 0 0 SEAN MCCANN FMR CHAIR OF FACULTY 184373 0 3000 0 0 0 17197 0 48310 0 252880 0 0 0 GARY SHAW FMR CHAIR OF FACULTY 184064 0 10500 0 0 0 16849 0 30677 0 242090 0 0 0 ANDREA L PATALANO FMR CHAIR OF FACULTY 167660 0 3000 0 0 0 15001 0 29944 0 215605 0 0 0 PART I, LINE 1A BENEFITS THE PRESIDENT AND VICE PRESIDENT FOR STUDENT AFFAIRS MUST LIVE ON CAMPUS AS A REQUIREMENT OF THEIR EMPLOYMENT AND THE FAIR MARKET VALUE OF THE HOUSING HAS BEEN INCLUDED AS A NON-TAXABLE FRINGE BENEFIT ON SCHEDULE J. PART I, LINE 7 NON-FIXED PAYMENTS: PRESIDENT: THE PRESIDENT HAS AN INCENTIVE BONUS BASED ON FUNDRAISING TARGETS SET BY THE BOARD OF TRUSTEES EVERY YEAR. INVESTMENT OFFICE: 50% OF BONUSES ARE BASED ON QUANTITATIVE METRICS AND 50% ARE BASED ON A QUALITATIVE ASSESSMENT OF STAFF PERFORMANCE BY THE CIO AND BOARD OF TRUSTEES. OTHER: IN RECOGNITION OF EXTRAORDINARY EFFORTS IN THE FY23 FISCAL YEAR, ELIGIBLE EMPLOYEES RECEIVED A ONE-TIME $3,000 BONUS IN CALENDAR YEAR 2023. PART II, COLUMN D HOUSING ALLOWANCES THE FAIR MARKET VALUE OF HOUSING PROVIDED TO THE FOLLOWING INDIVIDUALS, AS A REQUIREMENT OF THEIR EMPLOYMENT, THAT IS REPORTED IN THEIR NONTAXABLE BENEFITS IS AS FOLLOWS: PRESIDENT: $84,741 VICE PRESIDENT FOR STUDENT AFFAIRS: $11,875 PART II, COLUMN B(III) INCLUDED IN THE AMOUNT REPORTED AS REPORTABLE COMPENSATION FOR MICHAEL ROTH, $1,110,000 REPRESENTS AMOUNTS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION ON PRIOR YEARS' 990S AND IS THEREFORE REPORTED IN PART II, COLUMN (F). THIS COMPENSATION WAS ACCRUED IN FISCAL YEARS ENDING IN 2020 - 2023, AND WAS PAID IN FISCAL YEAR ENDING 2024. A CHEFA 2010 SERIES H 060806186 20774U3A1 2010-05-18 20105000 REFUND 2005 BOND ISSUE 0 0 0 B CHEFA 2021 SERIES I 060806186 20775DMT6 2021-07-22 45336006 FINANCE CAPITAL EXPENDITURE 0 0 0 A 20105000 105000 20000000 2008 1 0 1 1 B 45336006 336006 45000000 2023 0 0 1 1 A 0 0 1 1 0 0.00040 0.00040 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 PART III, LINE 4 CERTAIN UNRELATED BUSINESS ACTIVITIES ARE CARRIED ON IN THE TAX-EXEMPT BOND-FINANCED PROPERTIES, GIVING RISE TO PRIVATE BENEFIT USE. HOWEVER, THESE UNRELATED BUSINESS ACTIVITIES HAVE CONSISTENTLY GENERATED LOSSES AND ARE NOT REPORTED ON THE UNIVERSITY'S FORM 990-T. PART IV, LINE 2A NO REBATE CALCULATION WAS COMPLETED SINCE THE 2010 BOND ISSUE WAS STRICTLY A REFUNDING OF PRIOR BOND ISSUES AND THERE WERE NO CONSTRUCTION FUND OR ADDITIONAL PROCEEDS EXPENDED. KARI WEIL SPOUSE OF M ROTH-OFFICER 185108 EMPLOYMENT 0 FRANCESCA BAIRD SPOUSE OF D BAIRD-KEY EMPLOYEE 94100 EMPLOYMENT 0 NATHANIEL GREENE FAMILY MEMBER OF J FRANK-TRUSTEE 307964 EMPLOYMENT 0 X 2 1074000 FMV X 204 10273179 FMV X 1 1071 FMV X MISCELLANEOUS 14 107750 FMV 5 0 1 0 PART I, COLUMN (B): THE UNIVERSITY REPORTS THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART I, LINE 1 & PART III, LINE 1 ORGANIZATION'S MISSION I. WESLEYAN UNIVERSITY IS DEDICATED TO PROVIDING AN EDUCATION IN THE LIBERAL ARTS THAT IS CHARACTERIZED BY BOLDNESS, RIGOR, AND PRACTICAL IDEALISM. AT WESLEYAN, DISTINGUISHED SCHOLAR-TEACHERS WORK CLOSELY WITH STUDENTS, TAKING ADVANTAGE OF FLUIDITY AMONG DISCIPLINES TO EXPLORE THE WORLD WITH A VARIETY OF TOOLS. THE UNIVERSITY SEEKS TO BUILD A DIVERSE, ENERGETIC COMMUNITY OF STUDENTS, FACULTY, AND STAFF WHO THINK CRITICALLY AND CREATIVELY AND WHO VALUE INDEPENDENCE OF MIND AND GENEROSITY OF SPIRIT. II. VALUES AND CULTURE *AS A LEARNING COMMUNITY* WESLEYAN EDUCATES STUDENTS TO BECOME INDEPENDENT THINKERS CAPABLE OF CONTINUING TO LEARN AND ABLE TO TRANSLATE INTELLECTUAL RIGOR INTO REAL-WORLD ACTION. AT WESLEYAN, STUDENTS ARE DRIVEN TO MAKE KNOWLEDGE MORE AVAILABLE AND MORE MEANINGFUL, TO PUSH INSIGHTS ACROSS BORDERS INTO NEW DOMAINS, AND TO ENGAGE WITH NEW OR NEGLECTED AUDIENCES. THEY DISCOVER WHAT THEY LOVE TO DO AND GET BETTER AT IT - WHILE CONSTANTLY BEING CHALLENGED TO MAKE WHAT THEY LEARN RELEVANT TO OTHERS. WESLEYAN CREATES AN ENVIRONMENT IN WHICH STUDENTS CAN STRIVE FOR EXCELLENCE THROUGH HARD WORK THAT IS JOYFUL AND SATISFYING. ALUMNI OF THE INSTITUTION CONTINUE TO DRAW ON THEIR LEARNING EXPERIENCES FOR THE REST OF THEIR LIVES AND REMAIN DEVOTED TO THE INSTITUTION. *AS A CENTER FOR CREATIVE PRACTICE* WESLEYAN ATTRACTS FACULTY AND STUDENTS WHO FIND ENORMOUS VALUE IN INDEPENDENT RESEARCH, SCHOLARSHIP, AND CREATIVE PRACTICE. PROFESSORS EMBRACE THEIR ROLE AS SCHOLARS-TEACHERS AND ARE ENERGIZED BY THEIR STUDENTS' DEEP INQUISITIVENESS, UNGUARDED CURIOSITY, AND EAGERNESS TO EXPLORE BEYOND THE SYLLABUS. THE UNIVERSITY'S SMALL GRADUATE PROGRAMS IN THE SCIENCES AND MUSIC FACILITATE COLLABORATIVE RESEARCH. UNDERGRADUATES ARE GIVEN OPPORTUNITIES FOR ADVANCED INDEPENDENT WORK THROUGH WHICH THEY INCREASE THEIR INTELLECTUAL CAPACITIES AND DISCOVER ASPECTS OF THEMSELVES AND THE WORLD THAT WILL REMAIN MEANINGFUL TO THEM LONG AFTER GRADUATION. MEMBERS OF THE WESLEYAN COMMUNITY ADDRESS SCHOLARLY ISSUES OF IMPORTANCE TO THEIR RESPECTIVE FIELDS AND REGULARLY PRODUCE WORK THAT GOES BEYOND ACADEMIC REALMS TO HAVE A POSITIVE IMPACT ON PUBLIC LIFE. *AS AN INSTITUTIONAL CITIZEN AND LEADER IN EDUCATION* WESLEYAN INSPIRES FACULTY, STAFF AND STUDENTS TO PLAY ACTIVE ROLES AS NEIGHBORS AND CITIZENS. THE UNIVERSITY CONTRIBUTES ECONOMICALLY AND CULTURALLY TO MIDDLETOWN, AND IT INSTILLS IN ITS GRADUATES A SENSE OF CIVIC POSSIBILITY AND PURPOSE. WESLEYAN ALUMNI CREATE OPPORTUNITIES TO INTEGRATE SERVICE INTO THEIR PROFESSIONAL AND PERSONAL LIVES AND GENEROUSLY SUPPORT THE EDUCATIONAL ENTERPRISE ON CAMPUS. THE UNIVERSITY SUPPORTS THE CONTINUED EVOLUTION OF A LIBERAL ARTS EDUCATION AND MAKES A CASE FOR ITS IMPORTANCE IN THE PUBLIC SPHERE. MEMBERS OF THE WESLEYAN COMMUNITY REGULARLY GO ON TO DISTINGUISHED CAREERS IN PUBLIC SERVICE, AND THE UNIVERSITY PROVIDES SUPPORT FOR DISSEMINATING SCHOLARSHIP THAT CAN HAVE POSITIVE PUBLIC IMPACT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE UNIVERSITY'S FISCAL YEAR END IS JUNE 30. THE AUDITED FINANCIAL STATEMENTS ARE FINALIZED IN LATE OCTOBER DUE TO THE TIME IT TAKES TO VALUE ENDOWMENT ASSETS. DURING NOVEMBER AND DECEMBER, A TAX COMMITTEE CONSISTING OF UNIVERSITY GENERAL COUNSEL, CHIEF FINANCIAL OFFICER, AND CONTROLLER MEET TO DISCUSS ANY SIGNIFICANT CHANGES IN POLICIES, GOVERNANCE, MANAGEMENT AND OTHER ACTIVITY. IN ADDITION, THE FINANCE OFFICE REACHES OUT TO OTHER DEPARTMENTS SUCH AS ACADEMIC AFFAIRS, OFFICER OF ADVANCEMENT, AND ADMISSIONS TO DETERMINE POTENTIAL FILING ACTIVITY. DURING JANUARY AND FEBRUARY THE CONTROLLER'S OFFICE WORKS WITH THE EXTERNAL AUDITORS TO COMPLETE A DRAFT DOCUMENT FOR THE ANNUAL AUDIT COMMITTEE MEETING. THE DOCUMENT IS PROVIDED TO EACH MEMBER OF THE AUDIT COMMITTEE AND DISCUSSED DURING THE MEETING. THE CHAIR OF THE AUDIT COMMITTEE WILL SUMMARIZE THE REVIEW TO THE FULL BOARD OF TRUSTEES AT THE NEXT MEETING. THE FINAL RETURN IS FILED IN MAY WITH A COPY OF THE FINAL RETURN MADE AVAILABLE THROUGH THE TRUSTEE SECURE PORTAL A COUPLE OF WEEKS PRIOR TO THE FINAL FILING TO EACH VOTING MEMBER OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE UNIVERSITY POSTS ITS CONFLICT OF INTEREST POLICY ON ITS WEBSITE AND REQUIRES QUESTIONNAIRE COMPLETION FROM UNIVERSITY FACULTY, STAFF AND TRUSTEES ON AN ANNUAL BASIS. FACULTY AND STAFF ARE COLLECTED ELECTRONICALLY THROUGH NETWORK SIGN ON. CONFLICT OF INTEREST QUESTIONNAIRES FROM BOARD MEMBERS ARE COLLECTED BY THE SECRETARY OF THE UNIVERSITY AND REVIEWED BY LEGAL COUNSEL. RESPONSES ARE MONITORED BY THE UNIVERSITY GENERAL COUNSEL IN CONJUNCTION WITH THE PRESIDENT'S OFFICE. ANY SUPERVISOR RECEIVING NOTICE OF A POTENTIAL CONFLICT OF INTEREST SHALL DETERMINE WHETHER THE SITUATION PRESENTS A POTENTIAL CONFLICT OF INTEREST UNDER THIS POLICY AND DOCUMENT THEIR DETERMINATION IN WRITING. UNLESS THE SUPERVISOR IS ABLE TO CLEARLY DETERMINE THAT NO SUCH CONFLICT EXISTS OR IN THE CASE THAT THE INDIVIDUAL DISAGREES WITH THE SUPERVISOR'S DECISIONS, THE SUPERVISOR SHALL REQUIRE THE INDIVIDUAL TO DISCLOSE THE SITUATION IN WRITING AND THE SUPERVISOR AND/OR INDIVIDUAL SHALL FORWARD THAT DESCRIPTION TO AN APPROPRIATE VICE PRESIDENT OR SENIOR OFFICER OF THE UNIVERSITY. THE SUPERVISOR SHALL NOT PERMIT ANY INDIVIDUAL TO PARTICIPATE IN THE QUESTIONABLE ACTIVITY UNLESS AND UNTIL A VICE PRESIDENT OR SENIOR OFFICER OF THE UNIVERSITY HAS REVIEWED THE ACTIVITY AND CONFIRMED IN WRITING THAT THE ACTIVITY MAY CONTINUE AND/OR THAT THERE ARE RELEVANT SAFEGUARDS IN PLACE TO PROTECT THE UNIVERSITY. ANY INDIVIDUAL WHO DISAGREES WITH A CONFLICT-RELATED DECISION OF ANY VICE PRESIDENT OR SENIOR OFFICER MAY SEEK REVIEW BY THE PRESIDENT OF THE UNIVERSITY WHOSE DECISION SHALL BE FINAL. ON AN ANNUAL BASIS THE UNIVERSITY DISTRIBUTES AND REQUIRES INDIVIDUALS TO COMPLETE A STATEMENT A) CONFIRMING THAT THEY HAVE READ AND UNDERSTOOD THE CONFLICT OF INTEREST POLICY AND B) THAT THEY HAVE NO KNOWLEDGE OF ANY CONFLICT OF INTEREST EXCEPT FOR THOSE APPROPRIATELY DISCLOSED UNDER THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY WESLEYAN UNIVERSITY'S SALARY ADMINISTRATION IS DESIGNED TO ACCOMPLISH THREE MAJOR OBJECTIVES: - ATTRACT AND RETAIN HIGHLY QUALIFIED STAFF MEMBERS; - LINK COMPENSATION TO PERFORMANCE; AND - PROMOTE CONSISTENCY AND AN INTERNALLY EQUITABLE RELATIONSHIP BETWEEN SALARY AND RESPONSIBILITY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, COMPOSED OF THREE MEMBERS AND CHAIRED BY THE CHAIR OF THE BOARD OF TRUSTEES, IS RESPONSIBLE FOR EVALUATING THE COMPENSATION REASONABLENESS FOR ALL OFFICERS AND KEY EMPLOYEES AS DETERMINED FROM TIME TO TIME. THE COMMITTEE REVIEWS THE PERFORMANCE APPRAISAL OF THE PRESIDENT BY THE BOARD, DETERMINES THE COMPENSATION OF THE PRESIDENT, AND SETS GOALS AND PERFORMANCE MEASURES FOR THE FOLLOWING YEAR. THE COMMITTEE BEGINS DISCUSSION IN THE SECOND HALF OF THE ACADEMIC YEAR. WESLEYAN PARTICIPATES IN AN ANNUAL SURVEY OF ITS PEERS CONDUCTED BY A PRIVATE CONSULTANT. THIS PROCESS ENSURES THAT THE UNIVERSITY REMAINS CONSISTENT WITH THE REGULATORY AND LEGAL REQUIREMENTS OF COMPENSATION IN A 501(C)(3) NON-PROFIT ORGANIZATION. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE PRESIDENT MEETS THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD. THE COMPENSATION ARRANGMENT IS APPROVED IN ADVANCE BY THE ORGANIZATION'S COMPENSATION COMMITTEE. THE COMMITTEE IS APPOINTED BY THE BOARD OF TRUSTEES FOR THE PURPOSE OF ASSISTING THE BOARD TO FULFILL ITS RESPONSIBILITY TO THE ORGANIZATION AND THE COMMUNITY TO ENSURE THE COMPENSATION IS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES. PRIOR TO MAKING ANY COMPENSATION DECISIONS, THE COMPENSATION COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE DATA AS TO COMPARABILITY. THE COMMITTEE UTILIZES LOCAL AND NATIONAL COMPENSATION SURVEYS TO SET COMPENSATION LEVELS. FINALLY, THE EXECUTIVE COMPENSATION COMMITTEE ADEQUATELY AND TIMELY DOCUMENTS THE BASIS FOR SETTING COMPENSATION CONCURRENTLY WITH THE MAKING OF THE DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE THE UNIVERSITY POSTS ITS GOVERNING DOCUMENTS ON ITS WEBSITE AT WWW.WESLEYAN.EDU/GENERALCOUNSEL. IN ADDITION, THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE ON ITS WEBSITE AT WWW.WESLEYAN.EDU/FINANCE. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 3,146,000. POSTRETIREMENT BENEFIT OBLIGATION CHANGES -1,397,000. CHARITABLE REMAINDER TRUST (1) 55 HIGH STREET MIDDLETOWN CT 06457 INVESTING CT N/A T 1 CHARITABLE REMAINDER UNITRUST - CT (13) 55 HIGH STREET MIDDLETOWN CT 06457 INVESTING CT N/A T 1 CHARITABLE REMAINDER UNITRUST - CA (1) 55 HIGH STREET MIDDLETOWN CT 06457 INVESTING CA N/A T 1 POOLED INCOME FUND (2) 55 HIGH STREET MIDDLETOWN CT 06457 INVESTING CT N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CHARITABLE REMAINDER TRUST S 519187 FMV CHARITABLE REMAINDER UNITRUST TRUST S 158048 FMV