BENTLEY UNIVERSITY: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: BENTLEY UNIVERSITY (EIN 04-1081650)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2022-05-13
IRS object ID: 202201339349305585
Schema version: 2020v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-05-13T12:38:44-05:00	ReturnTs
Tax Period End	2021-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	135565207	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KPMG LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	60 SOUTH STREET	AddressLine1Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02111	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	041081650	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BENTLEY UNIVERSITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BENT	BusinessNameControlTxt
Phone	7818912000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	175 FOREST STREET	AddressLine1Txt
City	WALTHAM	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	024524705	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MAUREEN FORRESTER	PersonNm
Person Title	VP AND CFO/TREASURER	PersonTitleTxt
Phone	7819812000	PhoneNum
Signature	2022-05-09	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	MAUREEN	PersonFirstNm
Person Last	FORRESTER	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SMITA BALIGA	PreparerPersonNm
PTIN	P01643271	PTIN
Phone	6179881000	PhoneNum
Preparation	2022-05-05	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	E LABRENT CHRITE	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	175 FOREST STREET	AddressLine1Txt
City	WALTHAM	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	024524705	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$327,203,445	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.BENTLEY.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1917	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	SEE SCHEDULE O.	ActivityOrMissionDesc
Voting Members Governing Body	23	VotingMembersGoverningBodyCnt
Voting Members Independent	21	VotingMembersIndependentCnt
Total Employee	2620	TotalEmployeeCnt
Total Volunteers	250	TotalVolunteersCnt
Total Gross UBI	$91,536	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$20,158	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$12,904,000	PYContributionsGrantsAmt
CY Contributions Grants	$15,599,000	CYContributionsGrantsAmt
PY Program Service Revenue	$295,215,000	PYProgramServiceRevenueAmt
CY Program Service Revenue	$267,732,000	CYProgramServiceRevenueAmt
PY Investment Income	$6,529,866	PYInvestmentIncomeAmt
CY Investment Income	$8,244,614	CYInvestmentIncomeAmt
PY Other Revenue	$1,976,000	PYOtherRevenueAmt
CY Other Revenue	$703,000	CYOtherRevenueAmt
PY Total Revenue	$316,624,866	PYTotalRevenueAmt
CY Total Revenue	$292,278,614	CYTotalRevenueAmt
PY Grants And Similar Paid	$92,374,756	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$85,072,441	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$135,451,681	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$124,662,057	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$16,590	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$98,990	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$4,790,398	CYTotalFundraisingExpenseAmt
PY Other Expenses	$79,427,095	PYOtherExpensesAmt
CY Other Expenses	$76,882,611	CYOtherExpensesAmt
PY Total Expenses	$307,270,122	PYTotalExpensesAmt
CY Total Expenses	$286,716,099	CYTotalExpensesAmt
PY Revenues Less Expenses	$9,354,744	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$5,562,515	CYRevenuesLessExpensesAmt
Total Assets BOY	$681,081,992	TotalAssetsBOYAmt
Total Assets EOY	$756,187,665	TotalAssetsEOYAmt
Total Liabilities BOY	$269,586,992	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$229,595,665	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$411,495,000	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$526,592,000	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	SEE SCHEDULE O.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$211,490,816	ExpenseAmt
Grant	$85,072,441	GrantAmt
Revenue	$235,083,000	RevenueAmt
Desc	EDUCATION AND STUDENT SUPPORTFOUNDED IN 1917 AS THE BENTLEY SCHOOL OF ACCOUNTING AND FINANCE, BENTLEY UNIVERSITY PLACES VITAL EMPHASIS ON THE QUALITY OF ITS FACULTY AS DEDICATED TEACHERS/SCHOLARS. ACADEMICS ACROSS ALL DEPARTMENTS ARE COMMITTED TO ESTABLISHING EFFECTIVE TEACHING AND LEARNING RELATIONSHIPS WITH STUDENTS BOTH INSIDE AND OUTSIDE THE CLASSROOM, WHILE SIMULTANEOUSLY PURSUING SCHOLARLY RESEARCH THAT CONTRIBUTES TO THEIR KNOWLEDGE AND THAT SUPPORTS THE UNIVERSITY'S TEACHING MISSION. OUR MORE THAN 100 STUDENT ORGANIZATIONS PROVIDE COUNTLESS OPPORTUNITIES FOR INVOLVEMENT, LEARNING, AND LEADERSHIP.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$37,841,078	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$33,352,000	RevenueAmt
Desc	AUXILIARY ENTERPRISESAPPROXIMATELY 80% OF BENTLEY'S UNDERGRADUATE STUDENTS LIVE ON CAMPUS-PROVIDED HOUSING. RESIDENCE HALLS INCLUDE SINGLE, DOUBLE, TRIPLE, AND QUADRUPLE OCCUPANCY ROOMS AS WELL AS APARTMENTS AND SUITES. ALL OF THE RESIDENCE HALLS OFFER STUDENTS MODERN DAY AMENITIES. IN ADDITION, THE UNIVERSITY OFFERS RESIDENT STUDENTS SEVERAL DIFFERENT DINING OPTIONS FROM WHICH TO CHOOSE. DUE TO COVID, CAMPUS HOUSING WAS DEDENSIFIED FOR THE YEAR ENDED 6/30/21.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$249,331,894	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	Yes (1)	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (1)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	Yes (1)	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (1)	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	0	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	6075	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	2620	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	23	GoverningBodyVotingMembersCnt
Independent Voting Member	21	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NANCY ANTUNES	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7818912688	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	175 FOREST STREET	AddressLine1Txt
City	WALTHAM	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	024524705	ZIPCd

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	Yes (X)	InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (45 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
J PAUL CONDRIN III
ACTING PRES (6/20-6/21)/CHAIR	50.00	Yes (X)	Yes (X)	$220,130	$0	$60
DAVID L GIUNTA
VICE CHAIR	8.00	Yes (X)	Yes (X)	$0	$0	$0
ROBERT E ALAN
TRUSTEE	2.00	Yes (X)		$0	$0	$0
THOMAS P ALBER
TRUSTEE	2.00	Yes (X)		$0	$0	$0
KEVIN F ARMATA
TRUSTEE	1.00	Yes (X)		$0	$0	$0
J TERENCE CARLETON
TRUSTEE	2.00	Yes (X)		$0	$0	$0
E LABRENT CHRITE
PRESIDENT (AS OF 6/01/21)	50.00	Yes (X)	Yes (X)	$0	$0	$0
STEPHEN L DELVECCHIO
TRUSTEE	2.00	Yes (X)		$0	$0	$0
JOYCE J ELAM
TRUSTEE	2.00	Yes (X)		$0	$0	$0
DANIEL FARLEY
TRUSTEE	1.00	Yes (X)		$0	$0	$0
MELANIE FOLEY
TRUSTEE	1.00	Yes (X)		$0	$0	$0
WILLIAM C FREDA
TRUSTEE	2.00	Yes (X)		$0	$0	$0
TANYA N HAIRSTON-WHITNER
TRUSTEE	2.00	Yes (X)		$0	$0	$0
ANDREW J HAJDUCKY III
TRUSTEE	2.00	Yes (X)		$0	$0	$0
STEVEN C MILLNER
TRUSTEE	1.00	Yes (X)		$0	$0	$0
LEBONE C MOSES
TRUSTEE	1.00	Yes (X)		$0	$0	$0
SUSAN G O'CONNELL
TRUSTEE	2.00	Yes (X)		$0	$0	$0
MELANIE OTERO
TRUSTEE	1.00	Yes (X)		$0	$0	$0
BILL PAPPAS
TRUSTEE	1.00	Yes (X)		$0	$0	$0
GORDON PULSIFER
TRUSTEE	1.00	Yes (X)		$0	$0	$0
NICKOLAS STAVROPOULOS
TRUSTEE	2.00	Yes (X)		$0	$0	$0
TIFFANY R WARREN
TRUSTEE	1.00	Yes (X)		$0	$0	$0
BRIAN T ZINO
TRUSTEE	2.00	Yes (X)		$0	$0	$0
MAUREEN FORRESTER
VP, CFO/TREASURER	50.00		Yes (X)	$422,097	$0	$45,352
DONNA MARIA BLANCERO
VP, ACA AFF/PROVOST	50.00		Yes (X)	$377,784	$0	$43,007
MAUREEN FLORES
VP, FOR ADVANCEMENT	50.00		Yes (X)	$354,801	$0	$43,784
JOSHUA BRAND
VP, EXT RELATIONS	50.00		Yes (X)	$337,599	$0	$39,717
CAROLINA FIGUEROA
VP, FOR ENROLLMENT MANAGEMENT	50.00		Yes (X)	$317,437	$0	$42,860
J ANDREW SHEPARDSON
VP, STUD AFFAIRS & DEAN	50.00		Yes (X)	$314,154	$0	$41,583
JUDITH MALONE
VP/GENERAL COUNSEL & SECRETARY	50.00		Yes (X)	$310,503	$0	$40,583
CHRISTOPHER J JOYCE
VP, MARKETING & COMM.	50.00		Yes (X)	$274,627	$0	$25,971
GEORGE CANGIANO
VP, HUMAN RESOURCES	50.00		Yes (X)	$233,685	$0	$36,669
IAN WALL
INTERIM VP AND CIO	50.00		Yes (X)	$238,278	$0	$18,725
SUSAN WALSH
INT VP AND CIO (AS OF 1/31/21)	50.00		Yes (X)	$230,592	$0	$18,503
KATHERINE LAMPLEY
VP, DIV/INCLUSION (AS OF 8/3/20)	50.00		Yes (X)	$127,846	$0	$8,423
M LYNNE MARKUS
PROFESSOR	50.00			$395,105	$0	$30,275	Yes (X)
RANI HOITASH
PROFESSOR	50.00			$357,830	$0	$41,994	Yes (X)
MICHAEL PAGE
PROFESSOR	50.00			$341,940	$0	$30,420	Yes (X)
ROY WIGGINS III
PROFESSOR	50.00			$338,310	$0	$41,900	Yes (X)
KARTIK RAMAN
PROFESSOR	50.00			$328,857	$0	$41,253	Yes (X)
ALISON DAVIS-BLAKE
FORMER PRESIDENT	50.00			$803,710	$0	$64,841		Yes (X)
ROBERT WITTSTEIN
FMR VP AND CIO	50.00			$323,029	$0	$12,949		Yes (X)
DANIEL EVERETT
FORMER INTERIM CO-PROVOST/DEAN	50.00			$288,442	$0	$39,290		Yes (X)
NANCY ANTUNES
FORMER INTERIM CFO	50.00			$247,708	$0	$39,122		Yes (X)
LYNNE ROSANSKY
FMR VP, ACA AFF/PROVOST	0.00			$213,867	$0	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$7,398,331	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$747,281	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	349	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (1)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
SODEXO INC & AFFILIATES
860 WINTER STREET	WALTHAM	MA	02451	FOOD SERVICES	$7,697,224
MCGARR SERVICE CORP
233 NEEDHAM STREET SUITE 530	NEWTON	MA	02464	CUSTODIAL SERVICES	$1,605,365
TIMBERLINE CONSTRUCTION CORPORATION
300 PINE STREET	CANTON	MA	02021	CONSTRUCTION	$874,876
MAC FLOORS INC
700 LEXINGTON STREET	WALTHAM	MA	02452	CONSTRUCTION	$785,882
PIQUETTE & HOWARD ELECTRIC
222 PLAISTOW ROAD	PLAISTOW	NH	03865	CONSTRUCTION	$743,493

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	41	CntrctRcvdGreaterThan100KCnt
Government Grants	$5,860,000	GovernmentGrantsAmt
All Other Contributions	$9,739,000	AllOtherContributionsAmt
Noncash Contributions	$423,710	NoncashContributionsAmt
Total Contributions	$15,599,000	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES	900099	$234,380,000	$234,380,000
AUXILLARY	900099	$33,335,135	$32,736,604	$598,531
CONFERENCE SERVICES	721000	$16,865			$16,865

Field	Value	IRS element (for citing)
Total Program Service Revenue	$267,732,000	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,232,445	TotalRevenueColumnAmt
Unrelated Business Revenue	-$37,036	UnrelatedBusinessRevenueAmt
Exclusion	$2,269,481	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$40,937,000	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$34,924,831	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$6,012,169	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,012,169	TotalRevenueColumnAmt
Unrelated Business Revenue	$111,707	UnrelatedBusinessRevenueAmt
Exclusion	$5,900,462	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER SOURCES	Desc
Business	900099	BusinessCd
Total Revenue Column	$703,000	TotalRevenueColumnAmt
Related Or Exempt Func Income	$703,000	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$703,000	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$292,278,614	TotalRevenueColumnAmt
Related Or Exempt Func Income	$267,819,604	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$91,536	UnrelatedBusinessRevenueAmt
Exclusion	$8,768,474	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$189,387	TotalAmt
Program Services	$189,387	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$78,285,686	TotalAmt
Program Services	$78,285,686	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$6,597,368	TotalAmt
Program Services	$6,597,368	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$3,759,532	TotalAmt
Program Services	$314,154	ProgramServicesAmt
Management And General	$3,232,497	ManagementAndGeneralAmt
Fundraising	$212,881	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$1,876,757	TotalAmt
Program Services	$288,442	ProgramServicesAmt
Management And General	$1,588,315	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$95,909,771	TotalAmt
Program Services	$82,671,139	ProgramServicesAmt
Management And General	$10,098,392	ManagementAndGeneralAmt
Fundraising	$3,140,240	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$4,287,819	TotalAmt
Program Services	$3,552,540	ProgramServicesAmt
Management And General	$573,674	ManagementAndGeneralAmt
Fundraising	$161,605	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$11,880,835	TotalAmt
Program Services	$9,844,329	ProgramServicesAmt
Management And General	$1,588,689	ManagementAndGeneralAmt
Fundraising	$447,817	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$6,947,343	TotalAmt
Program Services	$5,756,007	ProgramServicesAmt
Management And General	$929,496	ManagementAndGeneralAmt
Fundraising	$261,840	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$1,533,521	TotalAmt
Program Services	$1,093,850	ProgramServicesAmt
Management And General	$438,771	ManagementAndGeneralAmt
Fundraising	$900	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$455,548	TotalAmt
Program Services	$48,939	ProgramServicesAmt
Management And General	$406,609	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$493,340	TotalAmt
Management And General	$493,340	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$18,860	TotalAmt
Management And General	$18,860	ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$98,990	TotalAmt
Fundraising	$98,990	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$4,540,099	TotalAmt
Management And General	$4,540,099	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,953,460	TotalAmt
Program Services	$1,840,514	ProgramServicesAmt
Management And General	$112,946	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$3,145,140	TotalAmt
Program Services	$3,128,779	ProgramServicesAmt
Management And General	$7,520	ManagementAndGeneralAmt
Fundraising	$8,841	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,633,306	TotalAmt
Program Services	$4,434,499	ProgramServicesAmt
Management And General	$1,069,184	ManagementAndGeneralAmt
Fundraising	$129,623	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$5,058,514	TotalAmt
Program Services	$3,537,914	ProgramServicesAmt
Management And General	$1,446,266	ManagementAndGeneralAmt
Fundraising	$74,334	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$13,953,264	TotalAmt
Program Services	$13,410,131	ProgramServicesAmt
Management And General	$542,943	ManagementAndGeneralAmt
Fundraising	$190	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$142,024	TotalAmt
Program Services	$116,241	ProgramServicesAmt
Management And General	$14,889	ManagementAndGeneralAmt
Fundraising	$10,894	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$614,030	TotalAmt
Program Services	$591,002	ProgramServicesAmt
Management And General	$17,977	ManagementAndGeneralAmt
Fundraising	$5,051	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$6,885,081	TotalAmt
Program Services	$6,485,596	ProgramServicesAmt
Management And General	$399,485	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$18,552,000	TotalAmt
Program Services	$17,479,108	ProgramServicesAmt
Management And General	$1,072,892	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$742,704	TotalAmt
Program Services	$17,462	ProgramServicesAmt
Management And General	$725,242	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
PURCHASED SERVICES	$8,409,728	$5,111,257	$3,098,721	$199,750
MEDICAL TESTING SUPPLIE	$3,366,150	$3,366,150	$0	$0
ALL OTHER EXPENSES	$1,252,908	$1,084,173	$131,293	$37,442
LEASING	$132,934	$87,227	$45,707	$0

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$286,716,099	TotalAmt
Program Services	$249,331,894	ProgramServicesAmt
Management And General	$32,593,807	ManagementAndGeneralAmt
Fundraising	$4,790,398	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$89,015,920	BOYAmt
EOY	$79,697,436	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$4,761,313	BOYAmt
EOY	$3,705,556	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,775,401	BOYAmt
EOY	$3,160,580	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$3,076,764	BOYAmt
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$4,201,355	BOYAmt
EOY	$4,110,823	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$577,525,000	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$283,240,000	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$304,062,000	BOYAmt
EOY	$294,285,000	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$164,633,289	BOYAmt
EOY	$205,432,270	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$108,186,000	BOYAmt
EOY	$165,796,000	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$369,950	BOYAmt
EOY	$0	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$681,081,992	BOYAmt
EOY	$756,187,665	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$33,083,709	BOYAmt
EOY	$28,749,180	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$12,231,607	BOYAmt
EOY	$17,404,054	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$160,805,263	BOYAmt
EOY	$154,576,489	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$25,000,000	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$38,466,413	BOYAmt
EOY	$28,865,942	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$269,586,992	BOYAmt
EOY	$229,595,665	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$293,027,000	BOYAmt
EOY	$367,364,000	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$118,468,000	BOYAmt
EOY	$159,228,000	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$411,495,000	BOYAmt
EOY	$526,592,000	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$681,081,992	BOYAmt
EOY	$756,187,665	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$5,562,515	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$103,534,485	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$6,000,000	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$8,993,000	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$7,672,000	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,155,000	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$12,904,000	CurrentTaxYearMinus1YearAmt
Current Tax Year	$15,599,000	CurrentTaxYearAmt
Total	$52,323,000	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$8,993,000	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$7,672,000	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,155,000	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$12,904,000	CurrentTaxYearMinus1YearAmt
Current Tax Year	$15,599,000	CurrentTaxYearAmt
Total	$52,323,000	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$1,203,309	SubstantialContributorsTotAmt
Public Support Total170	$51,119,691	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,741,646	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,774,163	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,159,395	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,663,036	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,269,481	CurrentTaxYearAmt
Total	$14,607,721	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$0	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$56,024	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$29,927	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$11,273	CurrentTaxYearMinus1YearAmt
Current Tax Year	$20,141	CurrentTaxYearAmt
Total	$117,365	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,744,000	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,837,000	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,214,000	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,976,000	CurrentTaxYearMinus1YearAmt
Current Tax Year	$703,000	CurrentTaxYearAmt
Total	$11,474,000	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$78,522,086	TotalSupportAmt
Gross Receipts Rltd Activities	$1,434,350,010	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.65100	PublicSupportCY170Pct
Public Support PY170	0.61310	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	OTHER SOURCES - 2016 AMOUNT: $ 1,744,000. 2017 AMOUNT: $ 2,837,000. 2018 AMOUNT: $ 4,214,000. 2019 AMOUNT: $ 1,976,000. 2020 AMOUNT: $ 703,000.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	0	VolunteersInd
Paid Staff Or Management	0	PaidStaffOrManagementInd
Media Advertisements	0	MediaAdvertisementsInd
Mailings Members	0	MailingsMembersInd
Publications Or Broadcast	0	PublicationsOrBroadcastInd
Grants Other Organizations	0	GrantsOtherOrganizationsInd
Direct Contact Legislators	0	DirectContactLegislatorsInd
Rallies Demonstrations	0	RalliesDemonstrationsInd
Other Activities	Yes (1)	OtherActivitiesInd
Other Activities	$18,860	OtherActivitiesAmt
Total Lobbying Expenditures	$18,860	TotalLobbyingExpendituresAmt
Not Described Section501c3	0	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART II-B, LINE 1:	FormAndLineReferenceDesc
Explanation	BENTLEY UNIVERSITY PAYS MEMBERSHIP DUES TO VARIOUS EDUCATIONAL ASSOCIATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS, AND THEREFORE THE DUES CREATE INDIRECT LOBBYING EXPENSES FOR THE UNIVERSITY. THE PORTION OF MEMBERSHIP FEES ALLOCABLE TO LOBBYING ACTIVITIES WAS $18,860 FOR THE YEAR ENDED JUNE 30, 2021.	ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

Field	Value	IRS element (for citing)
Assets Included	$233,150	AssetsIncludedAmt

Field	Value	IRS element (for citing)
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Solicited Assets Sale	0	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$263,227,202	BeginningYearBalanceAmt
Contributions	$3,518,401	ContributionsAmt
Investment Earnings Or Losses	$104,823,556	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$3,153,191	GrantsOrScholarshipsAmt
Other Expenditures	$9,183,315	OtherExpendituresAmt
End Year Balance	$359,232,653	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$276,502,744	BeginningYearBalanceAmt
Contributions	$1,773,698	ContributionsAmt
Investment Earnings Or Losses	-$3,071,238	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$3,026,244	GrantsOrScholarshipsAmt
Other Expenditures	$8,951,758	OtherExpendituresAmt
End Year Balance	$263,227,202	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$279,725,063	BeginningYearBalanceAmt
Contributions	$1,414,000	ContributionsAmt
Investment Earnings Or Losses	$7,250,000	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$3,145,001	GrantsOrScholarshipsAmt
Other Expenditures	$8,741,318	OtherExpendituresAmt
End Year Balance	$276,502,744	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$262,996,000	BeginningYearBalanceAmt
Contributions	$3,228,000	ContributionsAmt
Investment Earnings Or Losses	$24,826,000	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,871,841	GrantsOrScholarshipsAmt
Other Expenditures	$8,453,096	OtherExpendituresAmt
End Year Balance	$279,725,063	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$241,944,000	BeginningYearBalanceAmt
Contributions	$4,311,000	ContributionsAmt
Investment Earnings Or Losses	$27,397,000	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$2,889,744	GrantsOrScholarshipsAmt
Other Expenditures	$7,766,256	OtherExpendituresAmt
End Year Balance	$262,996,000	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.59339	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.15756	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.24905	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$31,871,000	OtherCostOrOtherBasisAmt
Book Value	$31,871,000	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$476,814,000	OtherCostOrOtherBasisAmt
Depreciation	$228,645,000	DepreciationAmt
Book Value	$248,169,000	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$58,643,000	OtherCostOrOtherBasisAmt
Depreciation	$54,595,000	DepreciationAmt
Book Value	$4,048,000	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$10,197,000	OtherCostOrOtherBasisAmt
Book Value	$10,197,000	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$294,285,000	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
HEDGE FUNDS	$76,681,000	F
PRIVATE EQ/VENTURE CAP	$67,838,000	F
COMMODITIES	$15,294,000	F
LIFE INSURANCE	$5,983,000	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$165,796,000	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
INTEREST RATE SWAPS	$20,243,045
POST RETIREMENT BENEFITS	$6,369,113
ANNUITY OBLIGATION	$2,253,784

Field	Value	IRS element (for citing)
Total Liability	$28,865,942	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$397,273,000	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$103,534,485	NetUnrealizedGainsInvstAmt
Other Revenue	$6,000,000	OtherRevenueAmt
Revenue Not Reported	$109,534,485	RevenueNotReportedAmt
Revenue Subtotal	$287,738,515	RevenueSubtotalAmt
Investment Expenses Not Incld	$4,540,099	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$4,540,099	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$292,278,614	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$282,176,000	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$282,176,000	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$4,540,099	InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt	$4,540,099	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$286,716,099	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART III, LINE 4:	COLLECTIONS OF ART THE UNIVERSITY OWNS A MODERN COLLECTION OF ABOUT 36 PAINTINGS AND SCULPTURES THAT APPEAR IN PUBLIC COMMON AREAS THROUGHOUT THE CAMPUS, IN CONFERENCE ROOMS, AND IN THE PRESIDENT'S HOUSE. THE COLLECTION SEEKS TO ENRICH CAMPUS CULTURAL LIFE IN GENERAL, INCREASE THE EDUCATIONAL SCOPE AND OPPORTUNITY FOR APPRECIATION OF THE ARTS BY UNIVERSITY STUDENTS, AND CONTRIBUTE TO THE CULTURAL ENRICHMENT OF THE SURROUNDING COMMUNITY.
PART V, LINE 4:	ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT PROVIDES FOR SCHOLARSHIPS TO STUDENTS, SUPPORT FOR ACADEMIC PROGRAMS, AND SUPPORT FOR PROGRAM ACTIVITIES. IN ADDITION, THE QUASI ENDOWMENT REPRESENTS 60% OF THE ENDOWMENT. THIS AMOUNT IS INVESTED AND THE DISTRIBUTIONS ARE USED TO SUPPORT UNIVERSITY OPERATIONS.
PART X, LINE 2:	FIN 48 (ASC 740) FOOTNOTE THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE, AS AMENDED. ACCORDINGLY, IT IS GENERALLY NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2021 OR 2020.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 7,114,000. OTHER NON-OPERATING ACTIVITIES -1,114,000.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3	NONDISCRIMINATORY POLICY BENTLEY UNIVERSITY DOES NOT DISCRIMINATE IN ADMISSION OR ACCESS TO, OR TREATMENT OR EMPLOYMENT IN ANY OF ITS EDUCATIONAL PROGRAMS OR ACTIVITIES, INCLUDING SCHOLARSHIPS, LOANS, AND ATHLETICS, ON THE BASIS OF RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY AND/OR EXPRESSION, MARITAL STATUS, AGE, NATIONAL ORIGIN, CITIZENSHIP STATUS, DISABILITY, GENETIC INFORMATION, MILITARY OR VETERAN STATUS. BENTLEY UNIVERSITY MAINTAINS AND SUPPORTS AFFIRMATIVE ACTION PLANS FOR ITS WORKPLACE IN COMPLIANCE WITH FEDERAL LAW. EQUAL OPPORTUNITY EXTENDS TO ALL ASPECTS OF THE EMPLOYMENT RELATIONSHIP, INCLUDING HIRING, PROMOTIONS, TRAINING, WORKING CONDITIONS, COMPENSATION AND BENEFITS. BENTLEY UNIVERSITY'S POLICIES AND PRACTICES REFLECT THE UNIVERSITY'S COMMITMENT TO NONDISCRIMINATION IN ALL AREAS OF EMPLOYMENT.
SCHEDULE E, PART I, LINE 6	FINANCIAL AID AND GOVERNMENTAL ASSISTANCE THE UNIVERSITY PARTICIPATES IN THE TITLE IV PROGRAM FOR CAMPUS WORK STUDY, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, THE PERKINS LOAN PROGRAM, DIRECT LENDING, AND PELL GRANTS. THE UNIVERSITY PROVIDES FINANCIAL AID FUNDS TO THE STUDENTS BASED ON GENERALLY ACCEPTED UNIFORM NON-DISCRIMINATORY METHODOLOGY.
LINE 3 - EXPLANATION OF NONDISCRIMINATORY POLICY, CONTINUED:	THE UNIVERSITY COMPLIES WITH TITLE VI OF THE CIVIL RIGHTS ACT, TITLE IX OF THE EDUCATION AMENDMENTS ACT, SECTION 504 OF THE REHABILITATION ACT AND REVENUE PROCEDURE 75-50 PROHIBITING SUCH DISCRIMINATION. ANYONE BELIEVING THAT HE OR SHE HAS EXPERIENCED ADVERSE TREATMENT MAY REGISTER A COMPLAINT WITH THE VICE PRESIDENT, HUMAN RESOURCES AT GCANGIANO@BENTLEY.EDU. THE UNIVERSITY PUBLISHES ITS NONDISCRIMINATION POLICY ON ITS WEBSITE AND IN THE STUDENT HANDBOOK.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (12 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	Specific Services ProvidedSpecificServicesProvidedTxt
CENTRAL AMERICA AND THE CARIBBEAN	INVESTMENTS	$8,472,759
EAST ASIA AND THE PACIFIC	INVESTMENTS	$7,528,475
EUROPE (INCLUDING ICELAND & GREENLAND)	INVESTMENTS	$877,634
CENTRAL AMERICA AND THE CARIBBEAN	GRANTMAKING	$479,387	SCHOLARSHIP ASSISTANCE
EAST ASIA AND THE PACIFIC	GRANTMAKING	$2,684,192	SCHOLARSHIP ASSISTANCE
EUROPE (INCLUDING ICELAND & GREENLAND)	GRANTMAKING	$723,203	SCHOLARSHIP ASSISTANCE
MIDDLE EAST AND NORTH AFRICA	GRANTMAKING	$169,720	SCHOLARSHIP ASSISTANCE
NORTH AMERICA	GRANTMAKING	$579,284	SCHOLARSHIP ASSISTANCE
RUSSIA AND NEIGHBORING STATES	GRANTMAKING	$429,472	SCHOLARSHIP ASSISTANCE
SOUTH AMERICA	GRANTMAKING	$646,509	SCHOLARSHIP ASSISTANCE
SOUTH ASIA	GRANTMAKING	$483,933	SCHOLARSHIP ASSISTANCE
SUB-SAHARAN AFRICA	GRANTMAKING	$401,669	SCHOLARSHIP ASSISTANCE

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$21,514,654	SubtotalSpentAmt
Continuation Spent	$1,961,583	ContinuationSpentAmt
Total Spent	$23,476,237	TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)

Type Of AssistanceTypeOfAssistanceTxt	RegionRegionTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
SCHOLARSHIP ASSISTANCE	CENTRAL AMERICA AND THE CARIBBEAN	25	$479,387	ACCT CREDIT
SCHOLARSHIP ASSISTANCE	EAST ASIA AND THE PACIFIC	242	$2,684,192	ACCT CREDIT
SCHOLARSHIP ASSISTANCE	EUROPE	32	$723,203	ACCT CREDIT
SCHOLARSHIP ASSISTANCE	MIDDLE EAST AND NORTH AFRICA	12	$169,720	ACCT CREDIT
SCHOLARSHIP ASSISTANCE	NORTH AMERICA	22	$579,284	ACCT CREDIT
SCHOLARSHIP ASSISTANCE	RUSSIA	24	$429,472	ACCT CREDIT
SCHOLARSHIP ASSISTANCE	SOUTH AMERICA	41	$646,509	ACCT CREDIT
SCHOLARSHIP ASSISTANCE	SOUTH ASIA	60	$483,933	ACCT CREDIT
SCHOLARSHIP ASSISTANCE	SUB-SAHARAN AFRICA	29	$401,669	ACCT CREDIT

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (1)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	Yes (1)	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 2:	MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. THE UNIVERSITY PROVIDES SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS. MANY SCHOLARSHIPS ARE BASED ON CRITERIA SUCH AS ACADEMIC STRENGTH, ATHLETIC ABILITY, AND LEADERSHIP OR COMMUNITY SERVICE. NON-NEED-BASED SCHOLARSHIP FUNDING IS AWARDED THROUGH THE ADMISSIONS PROCESS AND USUALLY HAS A GRADE POINT AVERAGE (GPA) OR OTHER REQUIREMENT FOR RENEWAL IN SUBSEQUENT YEARS. TYPES OF MERIT SCHOLARSHIPS INCLUDE AWARDS RANGING FROM $10,000 TO $30,000 AND A LIMITED NUMBER OF FULL TUITION AWARDS. ALL SCHOLARSHIP AMOUNTS ARE AUTOMATICALLY CREDITED TO THE INDIVIDUAL'S STUDENT ACCOUNT.
PART I, LINE 3:	BASIS OF ACCOUNTING THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL.
PART III ACCOUNTING METHOD:

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	Yes (X)	MailSolicitationsInd
Email Solicitations	Yes (X)	EmailSolicitationsInd
Agrmt Prof Fundraising Acty	Yes (1)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	EAB GLOBAL	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2445 M STREET NW	AddressLine1Txt
City	WASHINGTON	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	20037	ZIPCd

Field	Value	IRS element (for citing)
Activity	CONSULTS ON DIRECT MAIL PROGRAM	ActivityTxt
Fundraiser Control Of Funds	0	FundraiserControlOfFundsInd
Gross Receipts	$313,919	GrossReceiptsAmt
Retained By Contractor	$98,990	RetainedByContractorAmt
Net To Organization	$214,929	NetToOrganizationAmt

Field	Value	IRS element (for citing)
Total Gross Receipts	$313,919	TotalGrossReceiptsAmt
Total Retained By Contractors	$98,990	TotalRetainedByContractorsAmt
Total Net To Organization	$214,929	TotalNetToOrganizationAmt
Licensed States	AL	LicensedStatesCd
Licensed States	AK	LicensedStatesCd
Licensed States	AR	LicensedStatesCd
Licensed States	MA	LicensedStatesCd
Licensed States	MO	LicensedStatesCd
Licensed States	AZ	LicensedStatesCd
Licensed States	CA	LicensedStatesCd
Licensed States	CO	LicensedStatesCd
Licensed States	CT	LicensedStatesCd
Licensed States	DE	LicensedStatesCd
Licensed States	GA	LicensedStatesCd
Licensed States	HI	LicensedStatesCd
Licensed States	ID	LicensedStatesCd
Licensed States	IL	LicensedStatesCd
Licensed States	IN	LicensedStatesCd
Licensed States	IA	LicensedStatesCd
Licensed States	KS	LicensedStatesCd
Licensed States	KY	LicensedStatesCd
Licensed States	LA	LicensedStatesCd
Licensed States	ME	LicensedStatesCd
Licensed States	MD	LicensedStatesCd
Licensed States	MI	LicensedStatesCd
Licensed States	MS	LicensedStatesCd
Licensed States	MT	LicensedStatesCd
Licensed States	NE	LicensedStatesCd
Licensed States	NV	LicensedStatesCd
Licensed States	NH	LicensedStatesCd
Licensed States	NJ	LicensedStatesCd
Licensed States	NM	LicensedStatesCd
Licensed States	NY	LicensedStatesCd
Licensed States	NC	LicensedStatesCd
Licensed States	ND	LicensedStatesCd
Licensed States	OH	LicensedStatesCd
Licensed States	OK	LicensedStatesCd
Licensed States	OR	LicensedStatesCd
Licensed States	PA	LicensedStatesCd
Licensed States	RI	LicensedStatesCd
Licensed States	SC	LicensedStatesCd
Licensed States	SD	LicensedStatesCd
Licensed States	TN	LicensedStatesCd
Licensed States	TX	LicensedStatesCd
Licensed States	UT	LicensedStatesCd
Licensed States	VT	LicensedStatesCd
Licensed States	VA	LicensedStatesCd
Licensed States	WA	LicensedStatesCd
Licensed States	WV	LicensedStatesCd
Licensed States	WI	LicensedStatesCd
Licensed States	WY	LicensedStatesCd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE G, PART I, LINE 2B, COLUMN (V)	FormAndLineReferenceDesc
Explanation	PART I, COLUMN III EAB GLOBAL SOLICITS DONATIONS ON BEHALF OF BENTLEY UNIVERSITY THROUGH DIRECT MAIL AND DIRECT EMAILING CAMPAIGNS. EAB DOES NOT HAVE CUSTODY OR CONTROL OVER ANY CONTRIBUTIONS RAISED ON BEHALF OF THE UNIVERSITY. PART I, COLUMN V THE AMOUNT PAID TO EAB GLOBAL REFLECTS THE COST FOR PROFESSIONAL FUNDRAISING, PRODUCTION OF PRINTED MATERIALS, AS WELL AS THE COMPREHENSIVE CREATIVE DEVELOPMENT OF MULTI-CHANNEL COMMUNICATIONS FOR DIRECT SOLICITATION CAMPAIGNS.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
MA CONFERENCE FOR WOMEN
PO BOX 55071	BOSTON	MA	02205	202699177	501(C)(3)	$17,000	SPONSORSHIP
THE REGENTS OF THE UNIVERSITY OF COLORADO
1800 N GRANT ST STE 400	DENVER	CO	80203	846000555	501(C)(3)	$38,682	RESEARCH
CARLETON COLLEGE
ONE NORTH COLLEGE STREET	NORTHFIELD	MN	55057	410694747	501(C)(3)	$47,759	RESEARCH
OREGON STATE UNIVERSITY
4238 SW RESEARCH WAY	CORVALLIS	OR	97333	936022772	501(C)(3)	$85,946	RESEARCH

Field	Value	IRS element (for citing)
Total501c3 Org	4	Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt
SCHOLARSHIP ASSISTANCE	3431	$76,952,872
HEERF - STUDENT PORTION	1890	$1,332,814

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	MONITORING THE USE OF GRANT FUNDS IN THE U.S. THE UNIVERSITY PROVIDED FINANCIAL SUPPORT TO THE MASSACHUSETTS CONFERENCE FOR WOMEN. THIS ENTITY PROVIDES OPPORTUNITIES FOR BUSINESS NETWORKING, PROFESSIONAL DEVELOPMENT, EDUCATION, AND PERSONAL GROWTH FOR WOMEN. THE UNIVERSITY OCCASIONALLY MAKES PAYMENTS TO INSTITUTIONS AS SUB AWARDEES OF ITS RESEARCH GRANT PROGRAMS. WHEN APPROVING INVOICE PAYMENTS CHARGED TO RESEARCH GRANTS, THE VALIDITY OF THE EXPENSES ARE VERIFIED BY THE PRINCIPAL INVESTIGATOR, WHILE COMPLIANCE AND ALLOWABILITY OF CHARGES ARE MONITORED BY THE OFFICE OF SPONSORED PROGRAMS AND THE FINANCIAL OPERATIONS DEPARTMENT. PART III, LINE 1 THE UNIVERSITY PROVIDES SCHOLARSHIP ASSISTANCE TO QUALIFIED STUDENTS. MANY SCHOLARSHIPS ARE BASED ON CRITERIA SUCH AS ACADEMIC STRENGTH, ATHLETIC ABILITY, AND LEADERSHIP OR COMMUNITY SERVICE. NON-NEED-BASED SCHOLARSHIP FUNDING IS AWARDED THROUGH THE ADMISSIONS PROCESS AND USUALLY HAS A GRADE POINT AVERAGE (GPA) OR OTHER REQUIREMENT FOR RENEWAL IN SUBSEQUENT YEARS. TYPES OF MERIT SCHOLARSHIPS INCLUDE AWARDS RANGING FROM $10,000 TO $30,000 AND A LIMITED NUMBER OF FULL TUITION AWARDS. THE UNIVERSITY ALSO OFFERS NEED-BASED AID GRANT FUNDS THAT ARE AWARDED BASED ON FINANCIAL NEED AND DO NOT HAVE TO BE REPAID. THE OFFICE OF FINANCIAL ASSISTANCE DETERMINES THE TOTAL AMOUNT OF A STUDENT'S NEED-BASED GRANT FUNDING ACCORDING TO FEDERAL AND INSTITUTIONAL FORMULAS. TYPES OF NEED BASED GRANTS INCLUDE BENTLEY SCHOLARSHIPS, AS WELL AS FEDERAL AND STATE SOURCES. ALL SCHOLARSHIP AND NEED-BASED AID GRANT AMOUNTS ARE AUTOMATICALLY CREDITED TO THE INDIVIDUAL'S STUDENT ACCOUNT. PART III, LINE 2 HEERF - STUDENT PORTION ON 12/27/2020, THE PRESIDENT OF THE UNITED STATES SIGNED THE CORONAVIRUS, RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT, 2021. THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF II), FOUND IN SECTION 314(1)(A) OF THE CRRSAA ACT, ALLOWS HIGHER EDUCATION INSTITUTIONS TO USE CERTAIN FUNDS ALLOCATED BY THE DEPARTMENT OF EDUCATION TO SUPPORT STUDENTS AND HIGHER EDUCATION INSTITUTIONS WITH EXPENSES AND FINANCIAL NEEDS RELATED TO THE CORONAVIRUS (COVID-19) PANDEMIC. THE UNIVERSITY PROVIDED $1,332,814 OF GRANTS TO STUDENTS FROM THE HEERF II FUNDS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Idemnification Gross Up Pmts	Yes (X)	IdemnificationGrossUpPmtsInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Personal Services	Yes (X)	PersonalServicesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (1)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (22 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ALISON DAVIS-BLAKE
FORMER PRESIDENT	$418,562	$0	$0	$0	$385,148	$0	$28,500	$0	$36,341	$0	$868,551	$0	$0	$0
MAUREEN FORRESTER
VP, CFO/TREASURER	$414,877	$0	$0	$0	$7,220	$0	$26,866	$0	$18,486	$0	$467,449	$0	$0	$0
M LYNNE MARKUS
PROFESSOR	$388,151	$0	$0	$0	$6,954	$0	$24,061	$0	$6,214	$0	$425,380	$0	$0	$0
DONNA MARIA BLANCERO
VP, ACA AFF/PROVOST	$371,791	$0	$0	$0	$5,993	$0	$25,452	$0	$17,555	$0	$420,791	$0	$0	$0
RANI HOITASH
PROFESSOR	$354,005	$0	$0	$0	$3,825	$0	$23,983	$0	$18,011	$0	$399,824	$0	$0	$0
MAUREEN FLORES
VP, FOR ADVANCEMENT	$348,838	$0	$0	$0	$5,963	$0	$24,771	$0	$19,013	$0	$398,585	$0	$0	$0
ROY WIGGINS III
PROFESSOR	$331,415	$0	$0	$0	$6,895	$0	$23,448	$0	$18,452	$0	$380,210	$0	$0	$0
JOSHUA BRAND
VP, EXT RELATIONS	$265,361	$0	$0	$0	$72,238	$0	$23,438	$0	$16,279	$0	$377,316	$0	$0	$0
MICHAEL PAGE
PROFESSOR	$336,457	$0	$0	$0	$5,483	$0	$24,085	$0	$6,335	$0	$372,360	$0	$0	$0
KARTIK RAMAN
PROFESSOR	$324,940	$0	$0	$0	$3,917	$0	$23,253	$0	$18,000	$0	$370,110	$0	$0	$0
CAROLINA FIGUEROA
VP, FOR ENROLLMENT MANAGEMENT	$315,141	$0	$0	$0	$2,296	$0	$23,859	$0	$19,001	$0	$360,297	$0	$0	$0
J ANDREW SHEPARDSON
VP, STUD AFFAIRS & DEAN	$303,158	$0	$0	$0	$10,996	$0	$23,481	$0	$18,102	$0	$355,737	$0	$0	$0
JUDITH MALONE
VP/GENERAL COUNSEL & SECRETARY	$305,355	$0	$0	$0	$5,148	$0	$23,481	$0	$17,102	$0	$351,086	$0	$0	$0
ROBERT WITTSTEIN
FMR VP AND CIO	$124,459	$0	$0	$0	$198,570	$0	$12,482	$0	$467	$0	$335,978	$0	$0	$0
DANIEL EVERETT
FORMER INTERIM CO-PROVOST/DEAN	$284,074	$0	$0	$0	$4,368	$0	$21,769	$0	$17,521	$0	$327,732	$0	$0	$0
CHRISTOPHER J JOYCE
VP, MARKETING & COMM.	$273,288	$0	$0	$0	$1,339	$0	$19,423	$0	$6,548	$0	$300,598	$0	$0	$0
NANCY ANTUNES
FORMER INTERIM CFO	$245,064	$0	$0	$0	$2,644	$0	$20,161	$0	$18,961	$0	$286,830	$0	$0	$0
GEORGE CANGIANO
VP, HUMAN RESOURCES	$231,794	$0	$0	$0	$1,891	$0	$18,593	$0	$18,076	$0	$270,354	$0	$0	$0
IAN WALL
INTERIM VP AND CIO	$237,198	$0	$0	$0	$1,080	$0	$18,643	$0	$82	$0	$257,003	$0	$0	$0
SUSAN WALSH
INT VP AND CIO (AS OF 1/31/21)	$228,420	$0	$0	$0	$2,172	$0	$18,423	$0	$80	$0	$249,095	$0	$0	$0
J PAUL CONDRIN III
ACTING PRES (6/20-6/21)/CHAIR	$219,231	$0	$0	$0	$899	$0	$0	$0	$60	$0	$220,190	$0	$0	$0
LYNNE ROSANSKY
FMR VP, ACA AFF/PROVOST	$0	$0	$0	$0	$213,867	$0	$0	$0	$0	$0	$213,867	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 1A

FOR THE CONVENIENCE OF THE UNIVERSITY, THE UNIVERSITY PROVIDES ON CAMPUS HOUSING FOR ITS PRESIDENT. ESTIMATED RENTAL CHARGES FOR THE YEAR ENDED 6/30/21 ARE $24,725. THIS COST IS ALLOCATED TO THE FORMER PRESIDENT AS A NON TAXABLE BENEFIT IN COLUMN D. IN ADDITION, ESTIMATED PERSONAL COSTS RELATED TO HOUSE SERVICES ARE INCLUDED IN THE FORMER PRESIDENT'S TAXABLE INCOME. DURING THE YEAR, THE UNIVERSITY PROVIDED CAR SERVICES TO THE FORMER PRESIDENT TO BE USED FOR BUSINESS PURPOSES. THE AMOUNT PAID FOR COMMERCIAL CAR SERVICES IS NOT INCLUDED IN THE FORMER PRESIDENT'S TAXABLE WAGES AS THE CAR SERVICE WAS USED ONLY TO CONDUCT UNIVERSITY BUSINESS. FROM TIME TO TIME, THE UNIVERSITY MAY PROVIDE CERTAIN PAYMENTS THAT HAVE BEEN GROSSED-UP FOR TAX PURPOSES. FOR CALENDAR YEAR 2020, KATHERINE LAMPLEY IS THE ONLY INDIVIDUAL TO HAVE SUCH A PAYMENT. THIS AMOUNT IS INCLUDED IN HER TAXABLE INCOME. THE UNIVERSITY WILL OCCASIONALLY APPROVE FIRST CLASS TRAVEL FOR TRUSTEES OR OFFICERS WHEN THE TRAVEL IS WITHIN THE GUIDELINES OF THE UNIVERSITY'S TRAVEL POLICY.

PART I, LINE 4A

ALISON DAVIS-BLAKE, LYNNE ROSANSKY, ROBERT WITTSTEIN, AND JOSHUA BRAND RECEIVED SEVERANCE PAYMENTS DURING THE YEAR. THESE PAYMENTS OF $375,000, $213,429, $196,139, AND $68,750 RESPECTIVELY, ARE INCLUDED IN THEIR TAXABLE INCOMES.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
MDFA SERIES 2013B
A	043431814	000000000	2013-12-10	$37,157,000	REFINANCING	0	0	0
MDFA SERIES 2013A
B	043431814	000000000	2013-12-10	$71,143,000	REFINANCIN/CAPITAL PROJECTS	0	0	0
MDFA SERIES 2016
C	043431814	57584XKJ9	2016-03-08	$40,434,302	RENOVATE JENNISON & RES HALLS	0	0	0
MDFA SERIES 2017
D	043431814	57584X5UI	2017-12-21	$22,901,422	REFUNDING MDFA SERIES 2010	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCd	Total ProceedsTotalProceedsAmt	Other Spent ProceedsOtherSpentProceedsAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	RetiredRetiredAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt
A	$37,157,000	$37,157,000	2013	Yes (1)	Yes (1)	Yes (1)
B	$71,143,000	$59,624,181	2015	Yes (1)	Yes (1)	Yes (1)	$14,050,000	$504,913	$11,013,906
C	$40,434,302		2016	0	Yes (1)	Yes (1)		$434,302	$40,000,000
D	$22,901,422	$22,568,878	2018	Yes (1)	Yes (1)	Yes (1)		$332,544

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Private Bus Use By OthersPrivateBusUseByOthersPct	Total Private Business UseTotalPrivateBusinessUsePct	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	Yes (1)	Yes (1)	Yes (1)	0.00550	0.00550	Yes (1)
B	Yes (1)	Yes (1)	Yes (1)	0.01020	0.01020	Yes (1)
C	Yes (1)	Yes (1)	Yes (1)			Yes (1)
D	Yes (1)	Yes (1)	Yes (1)			Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	Yes (1)	Yes (1)	Yes (1)	Yes (1)
B	Yes (1)	Yes (1)	Yes (1)	Yes (1)
C	Yes (1)	Yes (1)	0	Yes (1)
D	Yes (1)	Yes (1)	0	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (1)
B	Yes (1)
C	Yes (1)
D	Yes (1)

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART-IV LINE-2C	FormAndLineReferenceDesc
Explanation	COLUMN A - MDFA SERIES 2013B THE MDFA SERIES 2013B BOND ISSUE MET THE 6-MONTH EXCEPTION OF THE REBATE REQUIREMENT, AS THE GROSS PROCEEDS FROM THE BOND ISSUE WAS SPENT WITHIN 6 MONTHS OF THE ISSUE DATE. COLUMN B - MDFA SERIES 2013A THE MDFA SERIES 2013A WAS COMPRISED OF BOTH A PARTIAL REFUNDING AND A PARTIAL ISSUE OF NEW DEBT. THE REFUNDING PORTION OF THE BOND MEETS THE 6-MONTH EXCEPTION OF THE REBATE REQUIREMENT, AS THE GROSS PROCEEDS WERE SPENT WITHIN 6 MONTHS OF THE ISSUE DATE. THE FIRST REBATE CALCULATION FOR THE NEW MONEY PORTION WAS PERFORMED ON AUGUST 15, 2019. COLUMN C - MDFA SERIES 2016 THE FINAL REBATE CALCULATION FOR THE MDFA SERIES 2016 BOND ISSUE WAS PERFORMED ON SEPTEMBER 14, 2020. COLUMN D - MDFA SERIES 2017 THE FINAL REBATE CALCULATION FOR THE MDFA SERIES 2017 BOND ISSUE WAS PERFORMED ON OCTOBER 7, 2020.	ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	24	ContributionCnt
Noncash Contributions Rpt F990	$423,710	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, COLUMN (B):	FormAndLineReferenceDesc
Explanation	AMOUNTS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART I, LINE 1	ORGANIZATION'S MISSION BENTLEY UNIVERSITY CHANGES THE WORLD WITH A TRANSFORMATIVE BUSINESS EDUCATION, INTEGRATED WITH ARTS AND SCIENCES, THAT INSPIRES AND PREPARES ETHICAL LEADERS WHO WILL CONFRONT THE CHALLENGES OF TODAY AND SHAPE THE OPPORTUNITIES OF TOMORROW. FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION BENTLEY UNIVERSITY IS MORE THAN JUST ONE OF THE NATION'S TOP BUSINESS SCHOOLS. IT IS A LIFELONG-LEARNING COMMUNITY THAT CREATES SUCCESSFUL LEADERS WHO MAKE BUSINESS A FORCE FOR POSITIVE CHANGE. WITH A COMBINATION OF BUSINESS AND THE ARTS AND SCIENCES AND A FLEXIBLE, PERSONALIZED APPROACH TO EDUCATION, BENTLEY PROVIDES STUDENTS WITH CRITICAL THINKING AND PRACTICAL SKILLS THAT PREPARE THEM TO LEAD SUCCESSFUL, REWARDING CAREERS. FOUNDED IN 1917, THE UNIVERSITY ENROLLS 4,000 UNDERGRADUATE AND 1,000 GRADUATE AND PHD STUDENTS AND IS SET ON 163 ACRES IN WALTHAM, MASSACHUSETTS, 10 MILES WEST OF BOSTON. FOR MORE INFORMATION, VISIT WWW.BENTLEY.EDU. BENTLEY UNIVERSITY ENJOYS A STRONG POSITION IN MANY MAJOR RANKINGS AND LISTS INCLUDING U.S. NEWS & WORLD REPORT, PRINCETON REVIEW, AND MANY OTHER NATIONAL PUBLICATIONS. UNDERGRADUATE AND GRADUATE BUSINESS PROGRAMS AT BENTLEY UNIVERSITY ARE ACCREDITED BY AACSB INTERNATIONAL (THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS). THE UNIVERSITY IS ALSO ACCREDITED BY THE NEW ENGLAND COMMISSION OF HIGHER EDUCATION (NECHE). THESE ACCREDITATIONS INDICATE THAT BENTLEY UNIVERSITY MEETS OR EXCEEDS ESTABLISHED STANDARDS AS DETERMINED BY PERIODIC AACSB PEER GROUP REVIEWS.
FORM 990, PART VI, SECTION B, LINE 11B	FORM 990 REVIEW PROCESS A FULL AND COMPLETE COPY OF THE FORM 990 AND ALL ITS ACCOMPANYING SCHEDULES WAS SENT ELECTRONICALLY TO THE UNIVERSITY'S TRUSTEE AUDIT COMMITTEE IN APRIL FOR ITS REVIEW. UPON COMPLETION OF THAT REVIEW IN EARLY MAY, THE COMPLETE FORM 990 WAS MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICT OF INTEREST POLICY MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES AND SENIOR MANAGEMENT MAY, FROM TIME TO TIME, BE ASSOCIATED, EITHER DIRECTLY OR INDIRECTLY, WITH COMPANIES DOING BUSINESS WITH THE UNIVERSITY. THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF TRUSTEES MAY PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. EACH TRUSTEE IS REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AS WELL AS DISCLOSE ANY POTENTIAL RELATED-PARTY TRANSACTIONS TO THE AUDIT COMMITTEE. WHEN SUCH A RELATIONSHIP EXISTS, THE UNIVERSITY REQUIRES THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, WITH TERMS THAT ARE FAIR AND REASONABLE TO THE UNIVERSITY. FOR SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN, OR GOVERNANCE OF EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH, ENTITIES DOING BUSINESS WITH THE UNIVERSITY. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO APPROPRIATELY MANAGE THE ACTUAL OR PERCEIVED CONFLICT IN THE BEST INTEREST OF THE UNIVERSITY.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION POLICY COMPENSATION ARRANGEMENTS FOR THE PRESIDENT AND ALL OFFICERS ARE REVIEWED AND APPROVED, IN ADVANCE OF ANY PAYMENT, BY THE COMPENSATION AND BENEFITS COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS INDEPENDENT OF MANAGEMENT AND FREE OF ANY CONFLICTS OF INTEREST THAT WOULD INTERFERE WITH THEIR EXERCISE OF INDEPENDENT JUDGMENT. THE COMPENSATION AND BENEFITS COMMITTEE REVIEWS OTHER NON-PROFIT ORGANIZATIONS' FORMS 990 AND GENERAL SALARY SURVEYS AND SALARIES AND THEN SUBMITS ITS RECOMMENDATIONS FOR APPROVAL BY THE FULL BOARD. IN ADDITION, THE UNIVERSITY PERIODICALLY ENGAGES AN INDEPENDENT PARTY THAT REVIEWS SALARY INFORMATION AND REPORTS RESULTS TO THE COMPENSATION AND BENEFITS COMMITTEE OF THE BOARD OF TRUSTEES. DETAIL OF ALL DISCUSSIONS OF THE TRUSTEE COMPENSATION AND BENEFITS COMMITTEE IS CONTEMPORANEOUSLY DOCUMENTED. THE PROCESS FOR DETERMINING THAT THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT AND ALL OFFICERS IS REASONABLE AND SATISFIES THE REBUTTABLE PRESUMPTION STANDARD OF TREASURY REGULATION SECTION 53.4958-6.
FORM 990, PART VI, SECTION C, LINE 19	PUBLIC DISCLOSURE THE UNIVERSITY'S PRINCIPAL GOVERNING DOCUMENTS, INCLUDING THE ARTICLES OF INCORPORATION AND BY-LAWS, ARE FILED WITH THE MASSACHUSETTS SECRETARY OF STATE AND THEREFORE AVAILABLE TO THE PUBLIC. THE UNIVERSITY'S FINANCIAL STATEMENTS ARE POSTED ON THE UNIVERSITY'S WEBSITE FOR PUBLIC VIEWING. REGARDING CONFLICT OF INTEREST, THE INDIVIDUAL FORMS SIGNED BY TRUSTEES AND OFFICERS ARE NOT AVAILABLE FOR PUBLIC INSPECTION BUT THE UNIVERSITY'S FINANCIAL STATEMENTS DO INCLUDE A FOOTNOTE DISCUSSING RELATED-PARTY TRANSACTIONS. THE CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE UPON REQUEST.
FORM 990, PART VII, SECTION A, LINE 31	NEW PRESIDENT START DATE EFFECTIVE 6/1/2021, E. LABRENT CHRITE BECAME THE PRESIDENT OF THE UNIVERSITY.
FORM 990, PART XI, LINE 9:	CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 7,114,000. OTHER NON-OPERATING ACTIVITIES -1,114,000.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Controlled OrganizationControlledOrganizationInd
CHARITABLE REMAINDER ANNUITY TRUST (2)
175 FOREST STREET	WALTHAM	MA	02452	CRAT	MA	BENTLEY	T	Yes (1)
CHARITABLE REMAINDER ANNUITY TRUST (5)
175 FOREST STREET	WALTHAM	MA	02452	CRUT	MA	BENTLEY	T	Yes (1)

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd