2020-07-13T05:03:22-07:00 2019-06-30 990 2018-07-01 240772407 Bucknell University BUCK 5705773811 1 Dent Drive Finance Office Lewisburg PA 17837 Eileen E Petula VP-Finance & Admin 2020-07-13 2018 2020-09-22 18:59:49Z John C Bravman 219 Marts Hall Bucknell Univ Lewisburg PA 17837 557741980 false false X www.bucknell.edu X 1846 PA Bucknell is a unique national university where liberal arts and professional programs complement each other. 35 34 3711 2570 50092 41523803 43891088 230386719 239946398 36428389 51629792 7962387 5447233 316301298 340914511 60480278 62768078 0 149268280 148228575 0 7582749 92823526 91983326 302572084 302979979 13729214 37934532 1388471110 1417140021 276279663 282411058 1112191447 1134728963 X Bucknell is a unique national university where liberal arts and professional programs complement each other. Bucknell educates students for a lifetime of critical thinking and strong leadership characterized by continued intellectual exploration, creativity, and imagination. A Bucknell education enables students to interact daily with faculty who exemplify a passion for learning and a dedication to teaching and scholarship. Bucknell fosters a residential, co-curricular environment in which students develop intellectual maturity, personal conviction and strength of character, informed by a deep understanding of different cultures and diverse perspectives. Bucknell seeks to educate our students to serve the common good and to promote justice in ways sensitive to the moral and ethical dimensions of life.Bucknells rich history and heritage will influence its planning for the future. Bucknells potential as an institution of higher learning extends beyond that of a traditional liberal arts c false false 181748566 62660415 199818846 Academic and educational - the expenses of instructional departments and programs and the expenses of activities and services that directly support instruction 46349532 2797034 Student Services - the expenses of activities and services that indirectly support the educational programs such as library services and athletics/recreation 33542325 43143282 Auxiliary Enterprises - the expenses of room, board, and other services primarily for the University's students 3478928 107663 265119351 true true false true false false false true false true true true false false true true false true true true true true true false false false false true true true true false false false false false false false false true false true true false false false true true true true false true 3911 0 true 3711 true true true true OC false false false true true false 0 false false false false false false false false false false false false X 35 34 true false false false false false false true true false false true true true true true true true false false AL AZ CT HI KY MA MD MI MN NH NJ NY OH OR SC UT VA WA X Eileen E Petula 5705773811 217 Marts Hall Bucknell University Lewisburg PA 17837 Christopher O'Brien Chairman 3.00 0.00 X X 0 0 0 Stephen P Holmes Vice Chair 3.00 0.00 X X 0 0 0 Harriet Edelman Vice Chair 3.00 0.00 X X 0 0 0 Steven A Kohn Secretary 3.00 0.00 X X 0 0 0 Dawn M Becker Trustee 1.00 0.00 X 0 0 0 Juanita Ora Luckett Brown Trustee 1.00 0.00 X 0 0 0 Robert A Chrencik Trustee 1.00 0.00 X 0 0 0 Laureen R Costa Trustee 1.00 0.00 X 0 0 0 Lisa Cadette Detwiler Trustee 1.00 0.00 X 0 0 0 Brenda Earl Trustee 1.00 0.00 X 0 0 0 Jane Taylor Elfers Trustee 1.00 0.00 X 0 0 0 David T Feinburg Trustee 1.00 0.00 X 0 0 0 Michael E Flowers Trustee 1.00 0.00 X 0 0 0 Makoto Fujimura Trustee 1.00 0.00 X 0 0 0 Robert J Gilligan Trustee 1.00 0.00 X 0 0 0 Susan D Ginkel Trustee 1.00 0.00 X 0 0 0 Eugene A Gorab Trustee 1.00 0.00 X 0 0 0 Sunil Gulati Trustee 1.00 0.00 X 0 0 0 Marlene A Hurd Trustee 1.00 0.00 X 0 0 0 Donald N Isken Trustee 1.00 0.00 X 0 0 0 Laura A Kinney Trustee 1.00 0.00 X 0 0 0 Lawrence S Klock Trustee 1.00 0.00 X 0 0 0 Kathleen M LaPoint Trustee 1.00 0.00 X 0 0 0 David Maurrasse Trustee 1.00 0.00 X 0 0 0 William B Morrow Jr Trustee 1.00 0.00 X 0 0 0 Nancy B Prial Trustee 1.00 0.00 X 0 0 0 John T Reynolds Trustee 1.00 0.00 X 0 0 0 Frank Schoeneman Trustee 1.00 0.00 X 0 0 0 Kirsten Schubauer Heinemann Trustee 1.00 0.00 X 0 0 0 Erika ND Stanat Trustee 1.00 0.00 X 0 0 0 Christopher B Sullivan Trustee 1.00 0.00 X 0 0 0 Garry D Thaniel Trustee 1.00 0.00 X 0 0 0 David J West Trustee 1.00 0.00 X 0 0 0 Robin G Zafirovski Trustee 1.00 0.00 X 0 0 0 John C Bravman President 40.00 0.00 X X 959431 0 182755 Barbara K Altman Provost 40.00 0.00 X 209537 0 40410 David J Surgala VP-Fin & Adm 40.00 0.10 X 375043 0 49935 Scott GRosevear VP-Dev & Alum 40.00 0.00 X 365435 0 88243 Robert Midkiff Interim Provost 40.00 0.00 X 231783 0 44895 William T Conley VP-Enrollment 40.00 0.00 X 252575 0 47686 Param S Bedi VP-Library & IT 40.00 0.00 X 265194 0 26001 Amy C Foerster General Counsel 40.00 0.00 X 342887 0 55985 Pierre D Joanis VP-Human Res 40.00 0.00 X 264785 0 82456 Andrew H Hirsch Chief Comm Off 40.00 0.00 X 196106 0 45837 Carol M Kennedy Secretary 40.00 0.00 X 148241 0 20627 Dennis W Swank AVP-Finance 40.00 0.10 X 162957 0 34270 Michael S Cover Treas/Controll 40.00 0.10 X 233923 0 34758 Kenneth Ogawa AVP-Facilities 40.00 0.00 X 231784 0 40359 Kathleen Graham AVP-Development 40.00 0.00 X 219722 0 44937 Elisabeth D Stewart AVP, Treas/Cont 40.00 0.00 X 99993 0 15972 Patrick Mather Dean-Engineering 40.00 0.00 X 283000 0 67885 Karl Voss Dean-Arts and Sciences 40.00 0.00 X 234917 0 22795 Raquel Alexander Dean - Management 40.00 0.00 X 297879 0 48871 Amy Badal Dean of Students 40.00 0.00 X 193382 0 29334 Nathan Davis Coach Men's Basket 40.00 0.00 X 314346 0 56014 Joseph G Susan Jr Coach Football 40.00 0.00 X 228638 0 40100 Elton McGoun Professor 40.00 0.00 X 205234 0 38669 Cynthia Guthrie Professor 40.00 0.00 X 197455 0 20774 Ronald Ziemian Professor 40.00 0.00 X 195804 0 40197 Keith Buffinton Professor- Former Dean-Engineering 40.00 0.00 X 173866 0 40518 Michael Johnson-Cram Former Interim Dean - Mgmt 40.00 0.00 X 136138 0 42182 7020055 1302465 243 true true false Zartman Construction Inc 3000 Point Township Dr Northumberland PA 17857 Construction 18061549 Parkhurst Dining Service PO BOX 644091 Pittsburgh PA 15264 Food Management 11355395 Burton F Clark Inc PO Box 427 Delhi NY 13753 Construction 2697725 Sierra-Cedar Inc 1255 Alderman Drive Alpharetta GA 30005 Software Consulting 1147467 Workday Inc PO Box 396106 San Francisco CA 94139 Software Consulting 1026607 61 3804415 40086673 9536762 43891088 Golf Course 713910 599276 599276 Related Auxiliary Svcs 611710 1155387 1155387 Residence Halls & Dining 611710 37956071 37956071 Summer Conferences 721000 416818 416818 Tuition & Fees 611710 199818846 199818846 239946398 12317499 -1120945 13438444 0 0 1 1 1 1 256139762 216827469 39312293 39312293 39312293 0 0 0 Athletics Related Revenue 611710 2797034 2797034 Other Auxiliary Revenue 611710 2495255 2495255 Sponsorship/Advertising 900099 130000 130000 24943 24943 5447232 340914511 244222593 50092 52750738 36635 36635 53083556 53083556 9647887 9647887 0 6795359 2277824 4238077 279458 887068 887068 100990372 85605834 11354191 4030347 8600919 7249807 1012156 338956 23583928 22249268 733214 601446 7370929 6045538 1033291 292100 0 223648 223648 312606 312606 110581 110581 0 2513851 2513851 21133064 17983676 2742729 406659 287023 146010 140671 342 8687249 8008793 600557 77899 5647450 4758613 495654 393183 0 271316 209470 26702 35144 7851746 6493932 1004289 353525 0 0 5437755 4760848 676907 0 22778167 22313138 58603 406426 1421580 1364456 57124 Other Repair and Maintenance 10810386 9895763 920267 -5644 Miscellaneous 4161359 1831838 2003868 325653 Real Estate Taxes 187626 156306 21549 9771 Utilities & fuel 147919 113091 -2656 37484 0 302979979 265119351 30277879 7582749 8529950 12912329 2616244 2991065 64161361 62606392 2087224 2449380 3996 0 3196 0 26799820 25767226 105596 108067 3801007 3698068 722774135 355838299 343230502 366935836 380801469 340501259 562377039 606444636 -6046294 -7274237 0 0 1388471110 1417140021 118369846 130104755 13651090 11885956 141057471 137180339 670982 634048 2530274 2605960 276279663 282411058 X 462046931 466317305 297621720 305984012 352522796 362427646 1112191447 1134728963 1388471110 1417140021 X 37934532 -7187896 -8209120 X false true X true true true X 32372293 30807419 49535401 41523803 43891088 198130004 0 0 32372293 30807419 49535401 41523803 43891088 198130004 9785266 188344738 14867851 10797817 7570325 11923094 12317499 57476586 2204678 2204678 5861849 5575094 7818881 8022294 5812763 33090881 290902149 1100181438 0.64750 0.64410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false true false false false false true 110581 false false 110581 false false Part II-B, Line 1i - Other Activities Description During the year ended June 30, 2019, Bucknell University engaged a Washington, DC consulting firm that provides a comprehensive range of services to a diverse group of clients with issues before the federal government to assist the University in professional grant writing and identifying federal funding which may benefit programs of Bucknell University. Professional fees paid to the firm totaled $110,581. The funds expended on these activities represent less than one-tenth of 1% of the University's total expenses. X X X false 851308903 20444393 41854050 14043466 30067201 2661912 866834767 800764420 22805539 73021116 13440869 29546478 2294825 851308903 722425013 19413491 103201192 13260120 28900237 2114919 800764420 789354076 9792462 -34299185 12987677 28538762 895901 722425013 750912781 65491926 10669766 12154143 24520314 1045941 789354075 0.35800 0.36650 0.27550 true false false 5204386 5204386 488278848 188121377 300157471 178841257 119673765 59167492 50449644 48043157 2406487 366935836 606444636 Bison Ventures, Inc 45000 F Bucknell Real Estate, Inc. 433814 F Equity in subsidiaries earn(loss) -7825877 F Funds held for others 1299322 Funds held for student organizations 1306638 2605960 X Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o As permitted by generally accepted accounting principles, the University does not capitalize works of art, historical artifacts, and collectibles, which are principally acquired by donation. Part III, Line 4: Description of organization's collections and how it furthers its purpose. The University has obtained certain art work, rare books, and historical artifacts that are held in safekeeping at the University's library and art gallery. These items are used for educational purposes as the University is a private institution of higher education. Part V, Line 4: Intended uses of the endowment fund. The university's endowment fund provides a relatively stable investment income stream to the university's operations. As noted in Schedule D, Part V, Line 1(d), a significant portion of that investment income is restricted by endowment donors for student scholarships. The remaining endowment investment income provides annual support to various programs of the university. Part X : FIN48 Footnote The University records income tax liabilities and assets using a theshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The University does not believe that there are any unrecognized tax benefits or costs that should be recorded in the financial statements. true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized The University's racially nondiscriminatory policy is available on the university's website and is printed in University publications. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency Bucknell University receives research grants and contracts from various governmental agencies as well as funds for student aid. true Central America 0 0 Scholarships 172615 East Asia and the Pacific 0 0 Scholarships 2635745 Europe 0 0 Scholarships 3074699 Middle East/Nrth Africa 0 0 Scholarships 601134 North America 0 0 Scholarships 459872 Russia and Ind. States 0 0 Scholarships 166229 South America 0 0 Scholarships 546681 South Asia 0 0 Scholarships 1048079 Sub-Saharan Africa 0 0 Scholarships 871805 Central America 0 0 Program Services Study Abroad Prg 220137 East Asia and the Pacific 0 0 Program Services Study Abroad Prg 3941 Europe 3 3 Program Sevices Study Abroad Prg 1639615 Sub-Saharan Africa 0 0 Program Services Study Abroad Prg 106002 Central America 0 0 Program Services Student Philanthropy 50921 Central America 0 0 Program Services Academic and Related 8908 East Asia and the Pacific 0 0 Program Services Academic and Related 20539 Europe 0 0 Program Services Academic and Related 154730 Middle East/North Africa 0 0 Program Services Academic and Related 18442 North America 0 0 Program Services Academic and Related 21274 South America 0 0 Program Services Academic and Related 1120 South Asia 0 0 Program Services Academic and Related 27355 Sub-Saharan Africa 0 0 Program Services Academic and Related 25625 Central America 0 0 Investments 135457391 Europe 0 0 Investments 10392783 3 3 3 3 11781652 145943990 157725642 Europe Collab. Research 23082 check FMV North America Collab. Research 11435 check FMV North America Collab. Research 36510 check FMV 3 Scholarships to Non-US Citizens Central America 3 128542 Financial Aid FMV Scholarships to Non-US Citizens East Asia/Pacific 86 2113418 Financial Aid FMV Scholarships to Non-US Citizens Europe 23 1124250 Financial Aid FMV Scholarships to Non-US Citizens Mid East/Nrth Africa 9 482244 Financial Aid FMV Scholarships to Non-US Citizens North America 8 402511 Financial Aid FMV Scholarships to Non-US Citizens Russia/Ind. States 4 144615 Financial Aid FMV Scholarships to Non-US Citizens South America 7 332460 Financial Aid FMV Scholarships to Non-US Citizens South Asia 18 1043615 Financial Aid FMV Scholarships to Non-US Citizens Sub-Saharan Africa 14 796152 Financial Aid FMV Scholarships-BU Students Abroad Central America 14 44073 Financial Aid FMV Scholarships-BU Students Abroad East Asia/Pacific 61 522327 Financial Aid FMV Scholarships-BU Students Abroad Europe 223 1950449 Financial Aid FMV Scholarships-BU Students Abroad Mid East/Nrth Africa 5 118890 Financial Aid FMV Scholarships-BU Students Abroad North America 2 57361 Financial Aid FMV Scholarships-BU Students Abroad Russia/Ind. States 2 21614 Financial Aid FMV Scholarships-BU Students Abroad South America 14 214222 Financial Aid FMV Scholarships-BU Students Abroad South Asia 1 4464 Financial Aid FMV Scholarships-BU Students Abroad Sub-Saharan Africa 13 75653 Financial Aid FMV true false true true true false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US The University provides grants in the form of University scholarship for certain non-US citizens attending the University. These scholarships are posted directly to the recipient's University billing account and, thus, reduce tuition, room and/or board fees billed to the recipient. The University also provides grants in the form of University scholarship for certain Bucknell University students to study abroad. These scholarships are posted directly to the recipient's University billing account and, thus, reduces tuition, room and/or board fees billed to the recipient. The majority of these scholarships are need-based financial aid. true Advaita Society Hanuman Fell 445 Summit Road Watsonville CA 95076 510174679 501(c)(3) 10502 0 Collaborative Research Kutztown University Main Street Kutztown PA 19530 232710197 Section 115 15063 0 Collaborative Research Rensselaer Polyteechnic Inst 110 8th St Academy Hall Troy NY 12180 141340095 501(c)(3) 11070 0 Collaborative Research 3 0 Scholarships to Attend BU 1934 53083556 FMV Account Credit Grantmaker's Description of How Grants are Used The University provides grants in the form of University scholarship for certain individuals attending the University. These scholarships are posted directly to the recipient's University billing account and, thus, reduces tuition, room and/or board fees billed to the to the recipient. The majority of these scholarships are need-based financial aid. X X X X X X true true X X X X X false true false false false false false false false false Amy Badal Dean of Students 193382 19719 9615 222716 Amy C Foerster General Counsel 342816 71 27500 28485 398872 Andrew H Hirsch Chief Comm Off 194701 1405 20500 25337 241943 Barbara K Altman Provost 209537 20942 19468 249947 Carol M Kennedy Secretary 148241 15325 5302 168868 Cynthia Guthrie Professor 197455 17050 3724 218229 David J Surgala VP-Fin & Adm 359826 15000 217 27500 22435 424978 Dennis W Swank AVP-Finance 162957 17357 16913 197227 Elton McGoun Professor 204177 1057 18457 20212 243903 John C Bravman President 768981 170000 20450 98500 84255 1142186 Joseph G Susan Jr Coach Football 226387 2251 23208 16892 268738 Karl Voss Dean-Arts and Sciences 234917 22492 303 257712 Kathleen Graham AVP-Development 219536 186 23037 21900 264659 Keith Buffinton Professor- Former Dean-Engineering 173866 18336 22182 214384 Kenneth Ogawa AVP-Facilities 231624 160 23288 17071 272143 Michael Johnson-Cram Former Interim Dean - Mgmt 136138 14660 27522 178320 Michael S Cover Treas/Controll 223923 10000 22998 11760 268681 Nathan Davis Coach Men's Basket 294708 10000 9638 27500 28514 370360 Param S Bedi VP-Library & IT 255052 10000 142 25500 501 291195 Patrick Mather Dean-Engineering 283000 27500 40385 350885 Pierre D Joanis VP-Human Res 263380 1405 24850 57606 347241 Raquel Alexander Dean - Management 295814 2065 27500 21371 346750 Robert Midkiff Interim Provost 231783 24147 20748 276678 Ronald Ziemian Professor 195804 20149 20048 236001 Scott GRosevear VP-Dev & Alum 353494 11941 27500 60743 453678 William T Conley VP-Enrollment 249990 2585 25385 22301 300261 Part I, Line 1a: Relevant information in regards to selections on 1a. FIRST CLASS OR CHARTER TRAVEL - the president is permitted to travel by first class airfare in limited circumstances per university policy. First class travel costs is not considered taxable compensation. TRAVEL FOR COMPANIONS - Travel costs of companions of university trustees, officers, and key employees are reimbursed in limited circumstances and such reimbursement is considered taxable income to the trustee, officer, or key employee unless the companion's travel would otherwise be considered deductible under the Internal Revenue Code. Any such taxable reimbursements to companions of university officers are included in Schedule J, Part II, column (B)(iii). TAX INDEMNIFICATION & GROSS UP PAYMENTS - Tax gross-up payments, considered taxable compensation, were provided to 2 officers and key employees listed in Part II of Schedule J for years of service recognition awards/gifts. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - The university requires the president and provost to reside in a specific campus housing. The estimated fair rental value of the personal living space, including utilities, is not considered taxable income since on-campus residency is an employment requirement imposed by the university. The estimated fair value is included in Schedule J. In addition, certain facilities staff are responsible for the maintenance of those buildings and grounds; while other staff are responsible for various activites and meetings hosted at those properties. Neither the allocable costs of those staff nor incidental personal benefit of hosted activites/meetings are considered taxable compensation.HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - Certain employees have golf memberships at the university owned golf course. The value of these dues are taxed and reported on Schedule J, Part II, column B(iii). In addition, the university pays membership dues at certain private establishments for the purpose of holding business or fundraising events.PERSONAL SERVICES - The university pays for certain personal financial planning and child care services for the president and includes those amounts as taxable compensation. A Union County Higher Educa 232228275 906459EX6 2012-04-12 29994932 construction of academic facil false false false B Union County Higher Educa 232228275 906459FH0 2013-04-04 17294121 Refund 2002A bonds false false false C Union County Higher Educa 232228275 906459FU1 2015-06-29 24995531 Acquisition,construction,reno false false false D Union County Higher Edcua 232228275 2015-01-30 25000000 Acquisition,construction,reno false false false A 29994932 288694 29706238 2014 false false true true B 6640000 17294121 17109827 184294 2004 true false true true C 24995531 105638 24889893 2015 false false false true D 25000000 167650 24832350 2015 false false false true A false false false false false false true C false false false false false false true D false false false false false false true A false true false false false true B false true false false false true C false true false false false true D false true false false false false false true A true B true C true D true Part VI Part IV - Column A 2(b) - 18 month exceptionPart IV - Column B 2(b) - 6 month exceptionPart IV - Column C 2(b) - 6 month exceptionPart IV - Column D 2(c) - rebate computation performed June 17, 2017 Wendelin J Wright Spouse-Pres. 148619 Employment false Eric A Kennedy Spouse-Off. 154395 Employment false Christine M Buffinton Spouse-Fmr KE 107847 Employment false X 3 X 1 X X 140 9536762 FMV X Supplies 31 X Equipment 1 X Athletic Equip 9 false true false Part I, Line 33, Revenues Not Reported As permitted under ASC 958.605.25, Works of Art, Historical Treasures, and similar items, the University does not capitalize its collections of artwork and historical collections for financial statement purposes. Furthermore, certain donated goods incidental to University operations are acknowledged by the University but not recorded in revenues nor expenses for financial statement purposes. Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Research and Public Services - expenses related to research and public services conducted/provided by students, faculty and staff. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et The following individuals have business relationships with each other based on their positions within the University's related organizations. Bucknell University Bucknell Real Estate Bison VenturesDavid Surgala VP for Finance President/ President/ and Administration Board Member Board MemberDennis Swank Associate VP for Vice President/ Vice President/ Finance/ Assistant Board Member Board Member SecretaryMichael Cover Treasurer and Controller/ Secretary/ Secretary/ Assistant Secretary Board Member Board MemberEdward Loftus Employee Board Member Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 is internally prepared by the controller's office with input from the University's Investment Office, University Advancement, the Office of Financial Aid,and the Office of Global and Off-campus Education. An external review of the Form 990 is performed by the outside tax preparer. The final Form 990 is provided to the University's Audit, Compliance, and Risk Management Committee for review. The Form 990 is made available electronically to the trustees prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts All trustees, officers and key employees are required to complete and submit an annual conflict of interest statement. All statements are reviewed by the VP for Finance and Administration Division to determine if the possible conflicts of interest noted are actual conflicts and what action should be taken including prohibiting an individual from participating in any deliberations, decisions or transactions related to the conflict, and whether disclosures regarding the conflict should be made in financial statements or other documents. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The president's compensation was reviewed and approved by the Executive Resource Committee of the Board of Trustees. The Committee used various sources of data, including but not limited to, financial and legal consultants, other organizations' Form 990s and compensation surveys. There is a written employment contract in place which is signed by the president and the Chairperson of the Board of Trustees.Part VI, 15bIn addition, compensation of certain officers and key employees (those employees reporting directly to the president) are reviewed by the Executive Resource Committee and approved by the president of the university. The president and Committee used various sources of data, including but not limited to, other organizations' Form 990s and compensation surveys. Contemporaneous substantiation of deliberations are recorded and kept. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The president's compensation was reviewed and approved by the Executive Resource Committee of the Board of Trustees. The Committee used various sources of data, including but not limited to, an independent compensation consultant, other organizations' Form 990s and compensation surveys. There is a written employment contract in place which is signed by the president and the Chairperson of the Board of Trustees.In addition, compensation of certain officers and key employees (employees reporting directly to the president) are reviewed by the Executive Resource Committee and approved by the president of the university. The president and Committee used various sources of data, including but not limited to, an independent compensation consultant, other organizations' Form 990s and compensation surveys. Contemporaneous substantiation of deliberations are recorded and kept. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The University has audited financial statements available on the University's Finance Office website. Other Changes In Net Assets Or Fund Balances - Other Decreases Change in pledge receivable = -$1469200 Other Changes In Net Assets Or Fund Balances - Other Decreases Postretiree healthcare costs other than periodic expense = -$6739920 Bucknell Real Estate Inc 701 Moore Avenue Lewisburg PA 17837 273576298 Real Estate Property Management PA 501 (c) (2) Bucknell University true Bison Ventures Inc 701 Moore Avenue Lewisburg PA 17837 264730096 Bookstore Operations PA Bucknell Univ C -212511 -1172334 1.00000 true Charitable remaind trusts 37 1 Dent Dr Bucknell University Lewisburg PA 17837 Support Bucknell University PA N/A Trust false Charitable lead trusts 2 1 Dent Dr Bucknell University Lewisburg PA 17837 Support Bucknell University PA N/A Trust false Pooled income funds 3 1 Dent Dr Bucknell University Lewisburg PA 17837 Support Bucknell University PA N/A Trust false Funds held trust by others 1 201 Milan Pkwy-2nd Fl Birmingham AL 35211 Support Bucknell University AL N/A Trust false Funds held trust by others 1 PO Box 4655 Atlanta GA 30302 Support Bucknell University CO N/A Trust false Funds held trust by others 1 2951 Centerville Road Wilmington DE 19801 Support Bucknell University DE N/A Trust false Funds held trust by others 1 2801 Buick-Cadillac Blvd Bloomington IN 47401 Support Bucknell University IN N/A Trust false Funds held trust by others 1 4967 Ten Oaks Road Dayton MD 21036 Support Bucknell University MD N/A Trust false Funds held trust by others 1 PO Box 95021 Henderson NV 89009 Support Bucknell University NC N/A Trust false Funds held trust by others 1 1100 North Market Street Wilmington DE 19890 Support Bucknell University NY N/A Trust false Funds held trust by others 1 PO Box 1558 Columbus OH 43216 Support Bucknell University OH N/A Trust false Funds held trust by others 1 1712 Glenbrook Ave Lancaster PA 17603 Support Bucknell University PA N/A Trust false true false false false false false false false true false false true false false false false true false false Bucknell Real Estate Inc a 163519 Estimated FMV Bucknell Real Estate Inc i 91726 Estimated FMV Bucknell Real Estate Inc q 67759 Estimated FMV Bison Ventures Inc a 189894 Estimated FMV Bison Ventures Inc l 99706 Estimated FMV Bison Ventures Inc q 273534 Estimate FMV Form 990, Schedule R, Part V, 1(a) As part of a New Markets Tax Credit project in Lewisburg, PA, Bucknell University loaned $12,022,694 in December 2010 to an entity controlled by Wells Fargo Community Investment Holdings, LLC. That entity then loaned the $12,022,694 (loan A) and an additional $4,167,306 (loan B) to Wells Fargo Community Development Enterprises 7, LLC, which in turn loaned those funds to Bucknell Real Estate, Inc. in December 2010. The funds were used for the acquisition and improvement of certain properties in Lewisburg, PA. During the tax year, the university wound down the New Markets Tax Credit project resulting in the entire loan becoming the responsibility of Bucknell Real Estate, Inc.The loans require interest payable quarterly at 1.01% with principal payments beginning April 1, 2018 through January 1, 2046. Interest due to Bucknell University from the controlled entity relating to the loan was $163,519 for the year ended June 30, 2019.