2020-05-14T11:00:34-05:00 2019-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2018-07-01 131740451 Fordham University % NICHOLAS MILOWSKI FORD 7188171000 441 E Fordham Road FMH 512 BRONX NY 104585170 MARTHA K HIRST VP Fin./Asst. Treas. 7188171000 2020-05-06 true MARILYN FARLEY P01231880 2127589700 2020-05-02 199.207.253.96 13407320201355000005 2020-05-14 P F7E791049FCEE4943A341CCA4F642AE72B60D2A0 F7E791049FCEE4943A341CCA4F642AE72B60D2A0 2018 2020-09-23 17:36:50Z JOSEPH M MCSHANE SJ 441 E FORDHAM ROAD BRONX NY 104585170 1289929214 false X WWW.FORDHAM.EDU X 1841 NY TO PROVIDE THE HIGHEST QUALITY EDUCATION TO UNDERGRADUATE AND GRADUATE STUDENTS, IN THE JESUIT TRADITION. 37 34 7845 2100 -6797650 0 72470418 91653725 770352817 810596662 30444741 31413351 134296 -134936 873402272 933528802 222503978 236791225 0 0 379046173 386797870 385322 413761 16397317 251309208 249643757 853244681 873646613 20157591 59882189 1960346078 2011382272 629326015 628669277 1331020063 1382712995 X FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH EDUCATION OF THE HIGHEST QUALITY. FOR MORE INFORMATION, SEE SCHEDULE O. false false 689837607 236791225 720276199 HIGHER EDUCATION FORDHAM UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL INSTITUTION OF HIGHER LEARNING, IN THE JESUIT TRADITION, WITH ITS PRINCIPAL CAMPUSES LOCATED IN NEW YORK CITY. FORDHAM UNIVERSITY SERVES AND EDUCATES APPROXIMATELY 9,600 UNDERGRADUATE STUDENTS AND 6,900 GRADUATE AND PROFESSIONAL STUDENTS. FOR MORE INFORMATION, SEE SCHEDULE O. 94979886 90320463 AUXILIARY ENTERPRISES THE UNIVERSITY PROVIDES VARIOUS SERVICES FOR THE BENEFIT OF ITS STUDENTS, FACULTY AND STAFF AND IN SUPPORT OF EDUCATIONAL ACTIVITIES. THE MORE SIGNIFICANT AUXILIARY SERVICES INCLUDE STUDENT HOUSING AND FOOD SERVICE. 784817493 true true false true false false false true false true true true false false true true true false true true true true false true true false false true true true true false false false false false false true false true false true false false false true true true true false false true 773 0 true 7845 true true true true UK false false false true true true 3 false false false false false X 37 34 true false false false false false false true true false false true true true true true true true true true true CA X X NICHOLAS MILOWSKI 7188171000 FORDHAM UNIVERSITY 441 E FORDHAM R BRONX NY 10458 X JOSEPH M MCSHANE SJ PRESIDENT & TRUSTEE 35.0 0.0 X X 0 0 0 DONALD ALMEIDA TRUSTEE & VICE CHAIR 2.0 0.0 X X 0 0 0 SALLY J BELLET TRUSTEE 1.0 0.0 X 0 0 0 DARRYL EMERSON BROWN TRUSTEE 1.0 0.0 X 0 0 0 JAMES S BROWN TRUSTEE 1.0 0.0 X 0 0 0 James E Buckman TRUSTEE (START 9/18) 1.0 0.0 X 0 0 0 VINCENT R CAPPUCCI TRUSTEE 1.0 0.0 X 0 0 0 DONNA M CARROLL TRUSTEE 1.0 0.0 X 0 0 0 Anthony P Carter TRUSTEE 1.0 0.0 X 0 0 0 Gregory C Chisholm SJ TRUSTEE 1.0 0.0 X 0 0 0 CAROLYN DURSI CUNNIFFE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT D DALEO TRUSTEE & CHAIR 2.0 0.0 X X 0 0 0 CAROLYN N DOLAN TRUSTEE 1.0 0.0 X 0 0 0 Michael J DOWLING Trustee 1.0 0.0 X 0 0 0 CHRISTOPHER F FITZMAURICE TRUSTEE 1.0 0.0 X 0 0 0 JAMES P FLAHERTY TRUSTEE 1.0 0.0 X 0 0 0 PATRICIA HELLER TRUSTEE 1.0 0.0 X 0 0 0 Andrew J HINTON TRUSTEE 1.0 0.0 X 0 0 0 DEBORAH HIRSCH TRUSTEE 1.0 0.0 X 0 0 0 JAMES J HOULIHAN TRUSTEE 1.0 0.0 X 0 0 0 DARLENE LUCCIO JORDAN TRUSTEE 1.0 0.0 X 0 0 0 SUSHEEL KIRPALANI TRUSTEE (END 3/19) 1.0 0.0 X 0 0 0 Maryanne R LAVAN TRUSTEE 1.0 0.0 X 0 0 0 John L LUMELLEAU TRUSTEE 1.0 0.0 X 0 0 0 BRIAN W MACLEAN TRUSTEE 1.0 0.0 X 0 0 0 J THOMAS MCCLAIN SJ TRUSTEE 1.0 0.0 X 0 0 0 SYLVESTER MCCLEARN TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN J MCGUINNESS TRUSTEE (END 6/19) 1.0 0.0 X 0 0 0 HENRY S MILLER TRUSTEE 1.0 0.0 X 0 0 0 JAMES J MIRACKY SJ TRUSTEE 1.0 0.0 X 0 0 0 ARMANDO NUNEZ JR TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH P PARKES SJ TRUSTEE (END 7/18) 1.0 0.0 X 0 0 0 THOMAS J REGAN SJ trustee 1.0 0.0 X 0 0 0 James S ROWEN TRUSTEE 1.0 0.0 X 0 0 0 SUSAN CONLEY SALICE TRUSTEE 1.0 0.0 X 0 0 0 jorge b san miguel trustee 1.0 0.0 X 0 0 0 THOMAS SCIRGHI SJ TRUSTEE 1.0 0.0 X 0 0 0 Eileen FITZGERALD Sudler TRUSTEE 1.0 0.0 X 0 0 0 Mary Anne Sullivan TRUSTEE & VICE CHAIR 2.0 0.0 X X 0 0 0 JOHN M ZIZZO TRUSTEE 1.0 0.0 X 0 0 0 margaret ball SECRETARY OF THE UNIVERSITY 35.0 0.0 X 229872 0 40588 John Buckley VP FOR ADMISSION & FIN SERV 35.0 0.0 X 199697 0 63472 Brian Byrne END 718 VP FOR LINCOLN CENTER 35.0 0.0 X 337747 0 45666 Jonathan Crystal INTERIM PROVOST 35.0 0.0 X 290965 0 71592 Thomas A Dunne VP FOR ADMINISTRATION 35.0 0.0 X 415626 0 69474 Stephen Freedman PROVOST (DECEASED 7/18) 35.0 0.0 X 462459 0 50608 Jeffrey Gray SVP OF STUDENT AFFAIRS 35.0 0.0 X 384328 0 95510 Martha K Hirst SR VP, CFO & TREASURER 35.0 0.0 X 561171 0 22262 MICHAEL C MCCARTHY SJ VP MISSION INTERGRA & PLANNING 35.0 0.0 X 0 0 0 ROGER MILICI VP FOR DEV AND UNIV RELATIONS 35.0 0.0 X 419225 0 56830 NICHOLAS MILOWSKI VP FOR FINANCE 35.0 0.0 X 359530 0 69175 Frank Simio VP FOR LINCOLN CENTER 35.0 0.0 X 383674 0 68402 FRANK SIRIANNI END 818 VP FOR TECHNOLOGY AND CIO 35.0 0.0 X 402961 0 59156 PETER STACE SVP FOR ENROLLMENT & STRATEGY 35.0 0.0 X 445844 0 48095 KAY TURNER VP FOR HUMAN RESOURCES 35.0 0.0 X 281697 0 69095 MARCO VALERA VP FOR FACILITIES MGMT 35.0 0.0 X 382025 0 31188 MATTHEW DILLER DEAN 35.0 0.0 X 483146 0 70568 IFTEKHAR Hasan PROFESSOR 35.0 0.0 X 440038 0 67918 JEFFREY M NEUBAUER MEN'S BASKETBALL COACH 35.0 0.0 X 645517 0 68535 DONNA RAPPACCIOLI DEAN 35.0 0.0 X 641866 0 69303 BENJAMIN ZIPURSKY PROFESSOR 35.0 0.0 X 432154 0 82718 8199542 0 1220155 814 false true false ARAMARK SERVICES INC 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 21985843 SUMMIT SECURITY SERVICES 390 REXCORP PLAZA/LOBBY LEVEL UNIONDALE NY 11553 SECURITY SERVICE 7293904 CALDWELL WALSH BUILDING CONSTRUCT 60 EAST 42ND STREET SUITE 601 NEW YORK NY 10165 CONSTRUCTION 4705212 TISHMAN INTERIORS CORPORATION 100 PARK AVENUE 18TH FLOOR NEW YORK NY 10017 CONSTRUCTION 3698285 ALVIN ALLEY DANCE FOUNDATION 405 WEST 55TH STREET NEW YORK NY 10019 INSTRUCTION 3116610 251 2516495 19632375 69504855 2969900 91653725 TUITION AND FEES 611600 710833778 710833778 AUXILIARY ENTERPRISES 611710 90364855 89085641 1279214 ATHLETIC AND SUMMER PROGRAMS 611710 4027515 4027515 FEES FOR EDUCATIONAL SERVICES 611600 2128155 2128155 FACILITIES RENTAL 611710 829179 829179 2413180 2413180 810596662 7302184 -7185957 14488141 180314 180314 265439 265439 524617 524617 0 524617 524617 378336470 354405617 23930853 23930853 23930853 681496 2516495 1994795 -1313299 -1313299 0 0 0 0 0 0 PARKING INCOME - OPEN TO PUBLIC 812930 316476 316476 TRAVEL TOURS 561500 71831 71831 388307 933528802 809317448 -6797650 39355279 X 263210 263210 236245542 236245542 282473 282473 0 6369404 3568217 2272881 528306 164962 150116 11547 3299 277900348 242605240 28100964 7194144 19988065 18221926 1442490 323649 63124754 50249153 9490230 3385371 19250337 17549384 1389250 311703 0 933052 933052 322000 322000 78385 78385 413761 413761 6513540 6513540 12226636 11715271 447833 63532 6203421 5594092 303117 306212 12429690 11223725 933605 272360 11721935 7839148 3881338 1449 78541 63254 15287 58484432 50304987 7276799 902646 11192369 10496246 393106 303017 0 13677579 11640240 1240514 796825 15106984 15043347 63637 0 57301725 51888747 4011121 1401857 2517493 1039105 1478388 STUDENT MEAL COSTS 14316853 14316853 ONLINE LEARN - 3RD PTY PMT 6816840 6816840 STUDENT EXCHANGE COSTS 5847901 5847901 LIBRARY MATERIALS 2792065 2792065 11082316 9060411 1832719 189186 873646613 784817493 72431803 16397317 X 12392230 10263934 85999050 107464898 56198243 76254812 9197896 10559048 0 0 0 0 10324688 8851429 900661 1059358 5986735 7973989 1616762018 593124605 1045529328 1023637413 85779516 33067810 631285020 714664827 0 0 0 0 16752711 17584754 1960346078 2011382272 65888444 83233908 0 0 53859999 54709537 419934097 404577649 0 0 0 0 7696604 5316186 0 0 81946871 80831997 629326015 628669277 X 664703803 680040941 313352525 323352053 352963735 379320001 1331020063 1382712995 1960346078 2011382272 X 59882189 -3636906 -4552351 X false true X true true true X 58119927 66871154 87280461 72470418 91653725 376395685 0 0 58119927 66871154 87280461 72470418 91653725 376395685 24225564 352170121 11045770 11978403 6594392 9041818 8272554 46932937 0 1211641 1322144 1460353 1449119 1279214 6722471 430051093 3651171611 0.81890 0.81158 X SCHEDULE A, PART II, LINE 10 OTHER INCOME: LINE 10 INCLUDES OTHER PROGRAM REVENUE EXCLUDED FROM UNRELATED BUSINESS TAXABLE INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 10225 false false true 53245 true 127249 true 35691 226410 false SCHEDULE C, PART II-B, LINE 1 LOBBYING ACTIVITIES: AN INSUBSTANTIAL PART OF THE UNIVERSITY'S ACTIVITIES INCLUDED THOSE ATTEMPTING TO INFLUENCE LOCAL, STATE AND FEDERAL LEGISLATION, REGULATION, AND POLICY BENEFICIAL TO THE UNIVERSITY AND ITS STUDENTS. LINE 1I THE UNIVERSITY PAID MEMBERSHIP DUES TO FIVE ORGANIZATIONS, EACH OF WHICH ENGAGED IN SOME DEGREE OF LOBBYING ACTIVITY. TOTAL MEMBERSHIP DUES PAID DURING FISCAL YEAR 2019 (AND THE PORTIONS OF WHICH WERE ATTRIBUTED TO LOBBYING ACTIVITIES) WERE AS FOLLOWS: THE COMMISSION OF INDEPENDENT COLLEGES AND UNIVERSITIES $94,666 ($6,106) ASSOCIATION OF JESUIT COLLEGES AND UNIVERSITIES $88,933 ($3,780) NATIONAL ASSOC. OF INDEPENDENT COLLEGES & UNIVERSITIES $16,317 ($1,142) AMERICAN COUNCIL ON EDUCATION $13,643 ($768) NATIONAL HUMANITIES ALLIANCE $2,500 ($750) LOBBYING ACTIVITIES DO NOT CONSTITUTE A SUBSTANTIAL PORTION OF FORDHAM'S ACTIVITIES. 4904410 X X X false 729179329 17425000 24248865 13408657 17414662 6513540 733516335 691077330 23836007 51431735 12897356 17522652 6745735 729179329 622086306 9202025 92820000 10699974 16715781 5615246 691077330 665532326 18161977 -27474815 11423562 18426435 4283185 622086306 675054225 20830715 4277830 8509736 20954173 5166535 665532326 0.35800 0.43200 0.21000 true false 11907246 11907246 1238112018 376138211 861973807 2595472 2072945 522527 304348427 199444421 104904006 59798855 15469028 44329827 1023637413 NONPUBLIC EQUITY FUNDS 185930996 F HEDGE FUNDS 224338883 F PRIVATE CAPITAL FUNDS 302472430 F OTHER 1922518 F 714664827 0 POST-RETIREMENT BENEFIT OBLIGATION 67824000 U.S. GOVT REFUNDABLE ADVANCES 4958105 AMOUNTS HELD ON BEHALF OF OTHERS 4060711 CAPITALIZED LEASE OBLIGATION 1470181 PROVISION FOR VOL SEP BENEFITS 2519000 80831997 X 687364183 -3636906 -238008968 -241645874 929010057 6513540 -1994795 4518745 933528802 635194018 4315856 4315856 630878162 6513540 236254911 242768451 873646613 SCHEDULE D, PART III, LINE 4 COLLECTIONS: THE UNIVERSITY'S MOST SIGNIFICANT COLLECTION IS EXHIBITED AT ITS MUSEUM OF GREEK, ETRUSCAN AND ROMAN ART. THE MUSEUM OCCUPIES 4,000 SQUARE FEET OF SPACE AND FEATURES MORE THAN 260 ANTIQUITIES DATING FROM THE 10TH CENTURY B.C. THROUGH THE 3RD CENTURY A.D. THE MUSEUM, ADMISSION TO WHICH IS FREE OF CHARGE, IS OPEN TO THE PUBLIC FOR BOTH EDUCATIONAL AND RESEARCH-RELATED PURPOSES. SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS: THE PURPOSE OF FORDHAM UNIVERSITY'S ENDOWMENT IS TO GENERATE INVESTMENT EARNINGS AS A SOURCE OF REVENUE TO SUPPORT FINANCIAL ASSISTANCE TO STUDENTS, FUND NEW AND CUTTING-EDGE PROGRAMS WHILE MAINTAINING AND IMPROVING EXISTING ONES, AND IMPROVE AND MAINTAIN THE CAMPUS TO MEET THE NEEDS OF THE UNIVERSITY COMMUNITY, AS RESTRICTED BY DONORS OR INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES. SCHEDULE D, PART X, LINE 2 INCOME TAXES: THE UNIVERSITY EVALUATES AND ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE-LIKELY-THAN-NOT OF BEING SUSTAINED. THE UNIVERSITY HAS NO MATERIAL UNCERTAIN TAX POSITIONS. INCOME GENERATED FROM ACTIVITIES THAT SUPPORT THE UNIVERSITY'S MISSION BUT MAY NOT DIRECTLY RELATE TO ITS EXEMPT PURPOSE (I.E. UNRELATED BUSINESS ACTIVITIES), IS SUBJECT TO TAX. ON DECEMBER 22, 2017, THE PRESIDENT SIGNED INTO LAW H.R.1, ORIGINALLY KNOWN AS THE TAX CUTS AND JOBS ACT, WHICH REQUIRES CHANGES TO THE TAX TREATMENT OF CERTAIN ACTIVITIES BY TAX-EXEMPT ORGANIZATIONS, INCLUDING INCOME FROM UNRELATED BUSINESS ACTIVITIES. IN CONNECTION WITH THE UNIVERSITY'S EVALUATION OF THE LAW'S IMPACT ON ITS OPERATIONS, IT RECORDED A DEFERRED TAX ASSET TOTALING $2,810,304, INCLUDED IN OTHER ASSETS OF JUNE 30, 2019, TO REFLECT THE FACT THAT CURRENT NET OPERATING LOSS CARRYFORWARDS WILL LIKELY BE DEDUCTIBLE AGAINST FUTURE TAXABLE INCOME AS A RESULT OF THE NEW LAW'S PROVISIONS. SCHEDULE D, PARTS XI and XII RECONCILIATION OF REVENUE & EXPENSE PER AUDITED FINANCIAL STATEMENTS & FORM 990 SCHEDULE D, PARTS XI, LINE 2D OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF PERPETUAL TRUST 137,855 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP (2,336,216) FINANCIAL AID AWARDS (236,245,542) CHANGE IN POST RETIREMENT HEALTH BENEFIT OPTIONS OTHER THAN NET PERIODIC COSTS (308,000) NET PERIODIC BENEFIT COSTS OTHER THAN SERVICE COSTS (2,058,000) DEFERRED TAX BENEFIT 2,810,304 TRAVEL TOUR EXPENSE (9,369) ------------- TOTAL (238,008,968) SCHEDULE D, PART XI, LINE 4B OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES (1,994,795) SCHEDULE D, PART XII, LINE 2D OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 1,994,795 LONDON PGM EXP & CURRENCY ADJ 2,321,061 ------------- TOTAL 4,315,856 SCHEDULE D, PART XII, LINE 4B OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 236,245,542 TRAVEL TOUR EXPENSE 9,369 ------------- TOTAL 236,254,911 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY: THE UNIVERSITY INCLUDES A STATEMENT OF ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE, AS WELL AS IN STUDENT REGISTRATION MATERIALS, STUDENT COURSE CATALOGS, AND EMPLOYEE JOB POSTINGS. SCHEDULE E, PART I, LINE 6A EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES GRANTS FOR RESEARCH, TRAINING, AND FINANCIAL AID FROM THE NATIONAL SCIENCE FOUNDATION, THE U.S. DEPARTMENT OF EDUCATION, THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, AND VARIOUS OTHER FEDERAL, NEW YORK STATE AND NEW YORK CITY AGENCIES. true Europe (Including Iceland and Greenland) 1 94 Program Services INTERNATIONAL STUDIES 8335991 East Asia and the Pacific 0 4 Program Services INTERNATIONAL STUDIES 1368930 Sub-Saharan Africa 0 8 Program Services INTERNATIONAL STUDIES 245209 Middle East and North Africa 0 2 Program Services INTERNATIONAL STUDIES 57894 Europe (Including Iceland and Greenland) 0 5 Program Services LAW SCHOOL 198387 Sub-Saharan Africa 0 2 Program Services LAW SCHOOL 49393 East Asia and the Pacific 0 1 Program Services LAW SCHOOL 54463 East Asia and the Pacific 0 0 Grantmaking 282473 Central America and the Caribbean Investments 324766915 Europe (Including Iceland and Greenland) Investments 48346366 North America 0 0 Investments 1179311 1 116 1 116 384885332 384885332 East Asia and the Pacific PUBLIC SERVICE 198424 WIRE East Asia and the Pacific PUBLIC SERVICE 45123 WIRE East Asia and the Pacific PUBLIC SERVICE 38926 WIRE 1 2 true false true true true true SCHEDULE F, PART I, LINE 2 GRANT MONITORING: ANY ORGANIZATION OR ENTITY THAT RECEIVES SUBAWARDS FROM FORDHAM UNIVERSITY IS REQUIRED TO SUBMIT BOTH FINANCIAL AND PROGRAM PROGRESS REPORTS, EITHER ON A MONTHLY OR QUARTERLY BASIS, AS TO THE USE OF FUNDS. THE REQUIRED FREQUENCY OF REPORTING, AS WELL AS OTHER MONITORING CONTROLS, ARE DEPENDENT UPON THE REQUIREMENTS ON THE PRIMARY GRANTING AGENCY AND UPON THE RESULTS OF A PREAWARD RISK ASSESSMENT, WHICH IS PERFORMED ON ALL SUBRECIPIENTS PRIOR TO ISSUING AWARDS. FINANCIAL AND PROGRAM PROGRESS REPORTS RECEIVED FROM GRANTEES ARE MONITORED AND REVIEWED BY PRINCIPAL INVESTIGATORS, THE OFFICE OF SPONSORED PROGRAMS, AND THE GRANTS ACCOUNTING OFFICE TO ENSURE FUNDS ARE USED APPROPRIATELY. IN ADDITION, PRINCIPAL INVESTIGATORS MEET REGULARLY WITH SUBGRANTEES, WHICH INCLUDES FIELD VISITS TO OBSERVE ACTIVITIES ON A FIRST-HAND BASIS. SCHEDULE F, PART I, LINE 3, COLUMN (F) METHOD OF ACCOUNTING: EXPENSES ARE REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING, CONSISTENT WITH FORDHAM UNIVERSITY'S AUDITED FINANCIAL STATEMENTS. X X X X X X X true RUFFALO NOEL LEVITZ LLC PROF. FUNDRAISING false 599172 413761 185411 599172 413761 185411 NY FOUNDERS DINNER 2101719 1874619 227100 147284 540545 420491 222865 GOLF CLASSIC 429847 129360 300487 10510 286243 3289 23222 1 666425 512516 153909 2734 260977 76635 3197991 2516495 681496 160528 1087765 423780 322722 1994795 -1313299 SCHEDULE G, PART I, LINE 2B, COLUMN (III) RUFFALO NOEL LEVITZ, LLC PROVIDES CONSULTING SERVICES TO FORDHAM UNIVERSITY FOR ITS TELEMARKETING FUNDRAISING STRATEGY. THE FIRM ALSO PERFORMS SEGMENTATION AND PLEDGE FULFILLMENT VIA DIRECT MAIL. RUFFALO NOEL LEVITZ, LLC'S CORPORATE HEADQUARTERS ARE LOCATED AT 1025 KIRKWOOD PARKWAY SW, CEDAR RAPIDS, IA 52404. true MEMORIAL SLOAN KETTERING CANCER CENTER 1275 YORK AVENUE NEW YORK NY 10065 131924236 501(C)(3) 17240 RESEARCH PENNSYLVANIA STATE UNIVERSITY 227 W BEAVER STATE COLLEGE PA 16801 246000376 GOV'T 13041 RESEARCH NEW YORK UNIVERSITY 105 E 17TH STREET NEW YORK NY 10003 135562308 501(C)(3) 30543 RESEARCH UNIVERSITY OF VIRGINIA PO BOX 400195 CHARLOTTESVILLE VA 22904 546001796 GOV'T 9941 RESEARCH SAN FRANCISCO STATE UNIVERSITY 1600 HOLLOWAY AVE SAN FRAN CA 94132 931137247 GOV'T 19217 RESEARCH CHILD MIND INSTITUTE INC 101 EAST 56TH STREET NEW YORK NY 10022 800478843 501(C)(3) 26106 RESEARCH OKLAHOMA STATE UNIVERSITY 401 WHITEHURST STILLWATER OK 74078 731383996 GOV'T 9520 RESEARCH COLUMBIA UNIVERSITY 615 W 131ST ST MC8741 NEW YORK NY 10027 135598093 501(C)(3) 20801 RESEARCH MOUNT SINAI SCHOOL OF MEDICINE ONE GUSTAVE L LEVY NEW YORK NY 10029 136171197 501(C)(3) 19544 RESEARCH AMERICAN MUSEUM OF NATURAL HISTORY 79TH ST CENTRAL PARK NEW YORK NY 10024 136162659 501(C)(3) 5209 RESEARCH REGENTS OF THE UNIVERSITY OF CALIFORNIA SAN DIEGO 9500 GILMAN DR DEPT 934 LA JOLLA CA 92093 946002123 GOV'T 47766 RESEARCH NATIONAL CENTER FOR ACCESS TO JUSTICE 150 W 62ND ST STE 7-165 NEW YORK NY 10023 274250853 501(C)(3) 30000 PUBLIC SERVICE 12 STUDENT SCHOLARSHIPS 15743 236245542 N/A N/A SCHEDULE I, PART I, LINE 2 GRANT MONITORING: ANY ORGANIZATION OR ENTITY THAT RECEIVES SUBAWARDS FROM FORDHAM UNIVERSITY IS REQUIRED TO SUBMIT BOTH FINANCIAL AND PROGRAM PROGRESS REPORTS, EITHER ON A MONTHLY OR QUARTERLY BASIS, AS TO THE USE OF FUNDS. THE REQUIRED FREQUENCY OF REPORTING, AS WELL AS OTHER MONITORING CONTROLS, ARE DEPENDENT UPON REQUIREMENTS OF THE PRIMARY GRANTING AGENCY AND UPON THE RESULTS OF A PREAWARD RISK ASSESSMENT, WHICH IS PERFORMED ON ALL SUBRECIPIENTS PRIOR TO ISSUING AWARDS. FINANCIAL AND PROGRAM PROGRESS REPORTS RECEIVED FROM GRANTEES ARE MONITORED AND REVIEWED BY PRINCIPAL INVESTIGATORS, THE OFFICE OF SPONSORED PROGRAMS AND THE GRANTS ACCOUNTING OFFICE TO ENSURE FUNDS ARE USED APPROPRIATELY. IN ADDITION, PRINCIPAL INVESTIGATORS MEET REGULARLY WITH SUBGRANTEES, WHICH INCLUDES FIELD VISITS TO OBSERVE ACTIVITIES ON A FIRST-HAND BASIS. SCHOLARSHIP GRANT MONITORING: FORDHAM PROVIDES VARIOUS TYPES OF FINANCIAL ASSISTANCE TO PROMOTE ACCESS AND AFFORDABILITY TO STUDENTS. FORDHAM'S STUDENT FINANCIAL AID DEPARTMENT WORKS WITH STUDENTS TO HELP THEM DEVISE A PLAN TO FUND THEIR EDUCATION. ASSISTANCE MAY INCLUDE A COMBINATION OF GRANTS, LOANS AND PAYMENT PLANS DEPENDING ON INDIVIDUAL CIRCUMSTANCES AND RESOURCES. SCHOLARSHIP GRANTS ARE AWARDED ON THE BASIS OF FINANCIAL NEED AND/OR SCHOLASTIC ACHIEVEMENT, AND ON A NON-DISCRIMINATORY BASIS. STUDENTS MUST COMPLETE CERTAIN QUESTIONNAIRES AND APPLICATIONS TO DEMONSTRATE THEIR QUALIFICATION OR VARIOUS TYPES OF FEDERAL, STATE, LOCAL, AND INSTITUTIONAL FINANCIAL ASSISTANCE. THE VARIOUS FINANCIAL ASSISTANCE PROGRAMS HAVE PARTICULAR ELIGIBILITY AND MONITORING REQUIREMENTS, SUCH AS THOSE PROVIDED BY THE CODE OF FEDERAL REGULATIONS. THESE REQUIREMENTS MAY INCLUDE A MINIMUM COURSE LOAD, DEMONSTRATED ACADEMIC PROGRESS, AND OTHER SIMILAR REQUIREMENTS. SCHOLARSHIP GRANTS ARE APPLIED DIRECTLY TOWARD A STUDENT'S TUITION AND ROOM AND BOARD COSTS, THEREBY INSURING THE FUNDS ARE USED AS INTENDED. X X X true true X X X X true false false false false false false true false margaret ball SECRETARY OF THE UNIVERSITY 227171 2701 25244 0 15344 0 270460 0 0 0 John Buckley VP FOR ADMISSION & FIN SERV 198100 1597 22792 0 40680 0 263169 0 0 0 Brian Byrne END 718 VP FOR LINCOLN CENTER 201145 136602 22683 0 22983 0 383413 0 0 0 Jonathan Crystal INTERIM PROVOST 290287 678 30250 0 41342 0 362557 0 0 0 MATTHEW DILLER DEAN 480576 2570 30250 0 40318 0 553714 0 0 0 Thomas A Dunne VP FOR ADMINISTRATION 409384 6242 30250 0 39224 0 485100 0 0 0 Stephen Freedman PROVOST (DECEASED 7/18) 286925 175534 30250 0 20358 0 513067 0 0 0 Jeffrey Gray SVP OF STUDENT AFFAIRS 361618 22710 30250 0 65260 0 479838 0 0 0 IFTEKHAR Hasan PROFESSOR 437468 2570 30250 0 37668 0 507956 0 0 0 Martha K Hirst SR VP, CFO & TREASURER 554203 6968 21080 0 1182 0 583433 0 0 0 ROGER MILICI VP FOR DEV AND UNIV RELATIONS 417735 1490 30250 0 26580 0 476055 0 0 0 NICHOLAS MILOWSKI VP FOR FINANCE 338598 15000 5932 30250 0 38925 0 428705 0 0 0 JEFFREY M NEUBAUER MEN'S BASKETBALL COACH 563520 72136 9861 30250 0 38285 0 714052 0 0 0 DONNA RAPPACCIOLI DEAN 639296 2570 30250 0 39053 0 711169 0 0 0 Frank Simio VP FOR LINCOLN CENTER 381491 2183 30250 0 38152 0 452076 0 0 0 FRANK SIRIANNI END 818 VP FOR TECHNOLOGY AND CIO 251774 151187 27735 0 31421 0 462117 0 0 0 PETER STACE SVP FOR ENROLLMENT & STRATEGY 439107 6737 30250 0 17845 0 493939 0 0 0 KAY TURNER VP FOR HUMAN RESOURCES 280398 1299 29126 0 39969 0 350792 0 0 0 MARCO VALERA VP FOR FACILITIES MGMT 375245 6780 30250 0 938 0 413213 0 0 0 BENJAMIN ZIPURSKY PROFESSOR 414922 17232 30250 0 52468 0 514872 0 0 0 SCHEDULE J, PART I FORDHAM UNIVERSITY'S PRESIDENT, JOSEPH M. MCSHANE S.J. AND VP FOR MISSION INTEGRATION & PLANNING, MICHAEL MCCARTHY S.J., ARE MEMBERS OF THE SOCIETY OF JESUS. PAYMENTS ARE MADE TO THE SOCIETY OF JESUS FOR THESE OFFICERS AND OTHER MEMBERS OF THE JESUIT COMMUNITY FOR THEIR SERVICES TO FORDHAM UNIVERSITY. TOTAL PAYMENTS TO THE JESUIT COMMUNITY IN CALENDAR YEAR 2018 TOTALED $4,210,542. SCHEDULE J, PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: FORDHAM UNIVERSITY DOES NOT GENERALLY PERMIT FIRST CLASS TRAVEL. HOWEVER, FOR BUSINESS TRIPS IN EXCESS OF 6 HOURS, EMPLOYEES ARE PERMITTED TO UPGRADE FROM THE LOWEST COACH FARE OFFERED BY THE AIRLINE TO THE NEXT CLASS AVAILABLE. IN CONNECTION WITH ITS ATHLETICS PROGRAM, CERTAIN TEAMS UTILIZE CHARTER TRAVEL. THE MEN'S BASKETBALL COACH FLIES WITH THE ATHLETIC TEAMS AS PART OF HIS RESPONSIBILITIES AS AN EMPLOYEE OF FORDHAM UNIVERSITY. THE VALUE OF TRAVEL WAS NOT INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: HOUSING WAS PROVIDED TO MICHAEL MCCARTHY S.J., VP FOR MISSION INTEGRATION & PLANNING. HE IS A MEMBER OF THE SOCIETY OF JESUS AND LIVES AS A RESIDENT MINISTER IN A UNIVERSITY DORMITORY ON CAMPUS, PROVIDING GUIDANCE TO STUDENTS FOR THE CONVENIENCE OF THE UNIVERSITY. ACCORDINGLY, THE HOUSING BENEFITS PROVIDED TO HIM ARE NOT INCLUDABLE AS GROSS INCOME UNDER SECTION 119 OF THE INTERNAL REVENUE CODE. TAX INDEMNIFICATIONS AND GROSS-UP PAYMENTS: TAX INDEMNIFICATIONS AND GROSS-UP PAYMENTS ARE TREATED AS TAXABLE COMPENSATION TO THE INTERESTED PERSONS AT TIME OF PAYMENT. FROM TIME TO TIME, GIFT CARDS ARE GIVEN FOR EXTRAORDINARY SERVICES. THE UNIVERSITY GROSSED UP THE AMOUNT OF ANY GIFT CARD AND APPLICABLE TAXES THAT WERE WITHHELD FROM EMPLOYEES' PAY. SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENTS: THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS UNDER THE UNIVERSITY'S VOLUNTARY SEPARATION OFFER: BRIAN BYRNE - $134,771 FRANK SIRIANNI - $147,625 THESE AMOUNTS ARE INCLUDED IN OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III). IN ADDITION, OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III) INCLUDES A PAYOUT FOR ACCRUED VACATION TIME. SCHEDULE J, PART II, LINE 7 One officer received a discretionary bonus payment during calendar year 2018, as reported in Part II, Column (B)(ii). A DASNY SERIES 2008A 146000293 649903C33 2008-05-21 96895000 REFUNDING 2005 DEBT ISSUE false false false B DASNY SERIES 2011B 146000293 649505CX0 2011-04-28 152929720 2011 ISSUE - NEW CONSTRUCTION true false false C DASNY SERIES 2012 146000293 649906Z23 2012-10-25 46206812 REFUNDING 2002 & 1998 DEBT ISSUE false false false D DASNY SERIES 2014 146000293 649907YZ9 2014-04-03 66182433 REFUND 2014 ISSUE AND CO-OP ACQ false false false A 22015000 0 96895000 0 0 0 602276 59047 0 0 96233677 0 2008 true false true true B 15734720 133440000 152929720 0 0 0 1416066 0 0 151513654 0 0 2014 false false true true C 22276812 0 46206812 0 0 45346923 784889 0 0 0 75000 0 2013 true false true true D 14607432 0 66191583 0 0 0 867654 0 0 53755763 11252040 316126 2016 true false false true A false false false false 0 false false false true B false false false false 0 false false false true C 0 D false false false false 0 false false false true A false false false true true true BOA ML 3.248 true false false 0 false true B false false true true false false 0 false 0 false true C false false true true false false 0 false 0 false true D false false false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, BOND ISSUES: 2011 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: LAW SCHOOL BUILDING AND RESIDENCE HALL CONSTRUCTION 2014 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: ACQUISITION OF BUILDING AND REFUND 2004 DEBT ISSUE 2016 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: REFUND CERTAIN TRANCHES OF THE 2011 DEBT ISSUE, DEFEASE AND ADVANCE REFUND ALL OF THE 2008B DEBT ISSUE, AND REFURBISH ACADEMIC BUILDING. 2017 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: REFUND CERTAIN TRANCHES OF THE 2011 DEBT ISSUE AND COVER COSTS OF ISSUANCE. SCHEDULE K, PART II, LINE 3, COLUMN D 2014 BOND ISSUE PROCEEDS LISTED IN PART II, LINE 3 ARE GREATER THAN PROCEEDS LISTED IN PART I DUE TO INVESTMENT EARNINGS. SCHEDULE K, PART III, LINE 4 ALL ACTIVITIES AND CONTRACTS CURRENTLY OPERATED WITHIN BOND-FINANCED SPACE ARE EITHER RELATED TO FORDHAM UNIVERSITY'S TAX EXEMPT PURPOSE OR FALL WITHIN ONE OF THE SAFE HARBORS AND/OR EXCEPTIONS, AND CONSEQUENTLY DO NOT RESULT IN PRIVATE BUSINESS USE IN THE BOND-FINANCED SPACE. SCHEDULE K, PART IV, LINE 2C, COLUMN A THE DATE OF THE REBATE COMPUTATION IS 7/9/15. SCHEDULE K, PART IV, LINE 2C, COLUMN B The date of the rebate calculation is 6/15/16. SCHEDULE K, PART IV, LINE 2C, COLUMN C The date of the rebate calculation is 11/15/17. SCHEDULE K, PART IV, LINE 2C, COLUMN D THE DATE OF THE REBATE CALCULATION IS 04/03/19. SCHEDULE K, PART IV, LINE 4C, COLUMN A ARBITRAGE THE UNIVERSITY PAYS A FIXED RATE OF 3.2475% AND RECEIVES 67% OF ONE MONTH LIBOR ON THE NOTIONAL PRINCIPAL AMOUNT OF THE 2008A BONDS. A DASNY SERIES 2016A 146000293 64990BD75 2016-05-05 169720220 REF PRIOR ISSUES & REN ACAD BLG false false false B DASNY SERIES 2017 146000293 64990C5S6 2017-12-21 91211092 REFUNDING 2011 DEBT ISSUE false false true A 8540000 0 169720220 0 0 0 1209489 0 0 15075000 153435731 0 2016 true true true true B 0 0 91211032 0 0 0 826227 0 0 0 90384805 0 2017 false true true true A false false false false 0 false false false true B false false false false 0 false false false true A false true false false false false 0 false 0 false true B false false false true false false 0 false 0 false true A true B true 24000 STUDENT SCHOLARSHIPS COVER COSTS OF TUITION BRENDAN MCGUINNESS SEE PART V 126969 EMPLOYEE COMPENSATION false STEPHEN C MCGUINNESS SEE PART V 37993 EMPLOYEE COMPENSATION false SCHEDULE L, PART IV BRENDAN MCGUINNESS AND STEPHEN C. MCGUINNESS ARE FAMILY MEMBERS OF STEPHEN J. MCGUINNESS, TRUSTEE. THIS TRUSTEE RESIGNED FROM THE BOARD EFFECTIVE JUNE 6, 2019. X 97531 Appraisal X 56 2770952 MARKET QUOTATION X SPORT EVNT TKTS 1 1550 COST X RECEPTIONS 23 79812 COST X PRINTED MAT 1 20055 COST 4 false true true SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS: THE AMOUNT LISTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. SCHEDULE M, PART I, LINE 32A THIRD PARTY ASSISTANCE THE UNIVERSITY UTILIZES A THIRD PARTY COMPANY TO HANDLE ALL ASPECTS OF VEHICLES BEING DONATED TO FORDHAM. A NET CHECK IS PAID DIRECTLY TO THE UNIVERSITY ONCE THE VEHICLES ARE SOLD; THEREFORE, VEHICLES ARE NOT REPORTED AS NON-CASH CONTRIBUTIONS ON SCHEDULE M. FORM 990, PART III, LINE 1 MISSION STATEMENT: THE MISSION OF THE UNIVERSITY FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION OF THE HIGHEST QUALITY. GUIDED BY ITS CATHOLIC AND JESUIT TRADITIONS, FORDHAM FOSTERS THE INTELLECTUAL, MORAL AND RELIGIOUS DEVELOPMENT OF ITS STUDENTS AND PREPARES THEM FOR LEADERSHIP IN A GLOBAL SOCIETY. CHARACTERISTICS OF THE UNIVERSITY AS A UNIVERSITY - FORDHAM STRIVES FOR EXCELLENCE IN RESEARCH AND TEACHING, AND GUARANTEES THE FREEDOM OF INQUIRY REQUIRED BY RIGOROUS THINKING AND THE QUEST FOR TRUTH. FORDHAM AFFIRMS THE VALUE OF A CORE CURRICULUM ROOTED IN THE LIBERAL ARTS AND SCIENCES. THE UNIVERSITY SEEKS TO FOSTER IN ALL ITS STUDENTS LIFE-LONG HABITS OF CAREFUL OBSERVATION, CRITICAL THINKING, CREATIVITY, MORAL REFLECTION AND ARTICULATE EXPRESSION. IN ORDER TO PREPARE CITIZENS FOR AN INCREASINGLY MULTICULTURAL AND MULTINATIONAL SOCIETY, FORDHAM SEEKS TO DEVELOP IN ITS STUDENTS AN UNDERSTANDING OF AND REVERENCE FOR CULTURES AND WAYS OF LIFE OTHER THAN THEIR OWN. AS A CATHOLIC UNIVERSITY - FORDHAM AFFIRMS THE COMPLEMENTARY ROLES OF FAITH AND REASON IN THE PURSUIT OF WISDOM AND LEARNING. THE UNIVERSITY ENCOURAGES THE GROWTH OF A LIFE OF FAITH CONSONANT WITH MORAL AND INTELLECTUAL DEVELOPMENT. FORDHAM ENCOURAGES FACULTY TO DISCUSS AND PROMOTE AN UNDERSTANDING OF THE ETHICAL DIMENSION OF WHAT IS BEING STUDIED AND WHAT IS BEING TAUGHT. FORDHAM GIVES SPECIAL ATTENTION TO THE STUDY OF THE LIVING TRADITION OF CATHOLICISM, AND IT PROVIDES A PLACE WHERE RELIGIOUS TRADITIONS MAY INTERACT WITH EACH OTHER AND WITH CONTEMPORARY CULTURES. FORDHAM WELCOMES STUDENTS, FACULTY, AND STAFF OF ALL RELIGIOUS TRADITIONS AND OF NO RELIGIOUS TRADITION AS VALUED MEMBERS OF THIS COMMUNITY OF STUDY AND DIALOGUE. AS A JESUIT UNIVERSITY - FORDHAM DRAWS ITS INSPIRATION FROM THE DUAL HERITAGE OF CHRISTIAN HUMANISM AND IGNATIAN SPIRITUALITY, AND CONSEQUENTLY SEES ALL DISCIPLINES AS POTENTIAL PATHS TO GOD. FORDHAM RECOGNIZES THE DIGNITY AND UNIQUENESS OF EACH PERSON. A FORDHAM EDUCATION AT ALL LEVELS IS STUDENT-CENTERED, AND ATTENTIVE TO THE DEVELOPMENT OF THE WHOLE PERSON. SUCH AN EDUCATION IS BASED ON CLOSE COLLABORATION AMONG STUDENTS, FACULTY, AND STAFF. FORDHAM IS COMMITTED TO RESEARCH AND EDUCATION THAT ASSIST IN THE ALLEVIATION OF POVERTY, THE PROMOTION OF JUSTICE, THE PROTECTION OF HUMAN RIGHTS AND RESPECT FOR THE ENVIRONMENT. JESUIT EDUCATION IS COSMOPOLITAN EDUCATION. THEREFORE, EDUCATION AT FORDHAM IS INTERNATIONAL IN ITS SCOPE AND IN ITS ASPIRATIONS. THE WORLD-WIDE NETWORK OF JESUIT UNIVERSITIES OFFERS FORDHAM FACULTY AND STUDENTS DISTINCTIVE OPPORTUNITIES FOR EXCHANGE AND COLLABORATION. AS A UNIVERSITY IN NEW YORK CITY - AS HOME TO PEOPLE FROM ALL OVER THE GLOBE, AS A CENTER OF INTERNATIONAL BUSINESS, COMMUNICATION, DIPLOMACY, THE ARTS AND THE SCIENCES, NEW YORK CITY PROVIDES FORDHAM WITH A SPECIAL KIND OF CLASSROOM. ITS UNPARALLELED RESOURCES SHAPE AND ENHANCE FORDHAM'S PROFESSIONAL AND UNDERGRADUATE PROGRAMS. FORDHAM IS PRIVILEGED TO SHARE A HISTORY AND A DESTINY WITH NEW YORK CITY. THE UNIVERSITY RECOGNIZES ITS DEBT OF GRATITUDE TO THE CITY AND ITS OWN RESPONSIBILITY TO SHARE ITS GIFTS FOR THE ENRICHMENT OF OUR CITY OUR NATION AND OUR WORLD. STRATEGIC PLANNING FORDHAM INSTITUTED A CONTINUOUS UNIVERSITY STRATEGIC PLANNING (CUSP) PROCESS IN SEPTEMBER 2015 TO FOSTER A CULTURE OF STRATEGIC THINKING THROUGHOUT THE UNIVERSITY AND PRODUCE A STRATEGIC FRAMEWORK OF PRIORITIES TO GUIDE PLANNING. A DEDICATED COMMITTEE OF FACULTY AND ADMINISTRATORS ENGAGED THE UNIVERSITY COMMUNITY IN A PROCESS OF DISCERNMENT THAT YIELDED "A STRATEGIC FRAMEWORK FOR FORDHAM'S FUTURE: BOTHERED EXCELLENCE" WHICH THE BOARD OF TRUSTEES APPROVED IN SEPTEMBER 2016. SINCE THEN, LOCAL PLANNING UNITS HAVE DEVELOPED A SERIES OF INITIATIVES THAT ADVANCE THE PRIORITIES IN WAYS APPROPRIATE TO THE UNIT'S SPHERE OF ACTIVITY AND IN 2018 THE UNIVERSITY ESTABLISHED A STRATEGIC INITIATIVES FUND TO SUPPORT SIGNIFICANT SIGNATURE PROJECTS, ADDITIONAL TRANSFERS WERE MADE INTO THIS FUND IN 2019. IN DECEMBER 2019, THE BOARD OF TRUSTEES APPROVED A PROPOSED SET OF STRATEGIC INITIATIVES ENTITLED "ADVANCING BOTHERED EXCELLENCE: A PLAN TO IMPLEMENT FORDHAMS STRATEGIC PRIORITIES 2020-2025." THROUGH THIS CONTINUOUS PLANNING PROCESS FORDHAM IS ATTUNED TO THE OPPORTUNITIES AND RISKS IN A RAPIDLY CHANGING ENVIRONMENT AND ABLE TO ADVANCE ITS MISSION AS THE JESUIT UNIVERSITY OF NEW YORK GUIDED BY THE SIX PRIORITY AREAS IDENTIFIED IN THE 2016 STRATEGIC FRAMEWORK: - CONTEMPORARY TEACHING AND LEARNING INFUSED WITH ETHICS AND JUSTICE - STRATEGICALLY FOCUSED RESEARCH - THE INSPIRATION AND CHALLENGE OF NEW YORK CITY - A GLOBAL PERSPECTIVE - A DIVERSE AND INCLUSIVE COMMUNITY - A STRATEGIC AND AGILE INSTITUTION FORM 990, PART III, 4A PROGRAM SERVICE ACCOMPLISHMENTS: FORDHAM UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL, INSTITUTION OF HIGHER LEARNING, IN THE JESUIT TRADITION. FORDHAM UNIVERSITY SERVES AND EDUCATES APPROXIMATELY 9,600 UNDERGRADUATE STUDENTS AND 6,900 GRADUATE AND PROFESSIONAL STUDENTS. THE UNIVERSITY AWARDS BACCALAUREATE, GRADUATE, AND PROFESSIONAL DEGREES TO STUDENTS FROM FORDHAM COLLEGE AT ROSE HILL, FORDHAM COLLEGE AT LINCOLN CENTER, THE GABELLI SCHOOL OF BUSINESS (UNDERGRADUATE AND GRADUATE), THE SCHOOL OF PROFESSIONAL AND CONTINUING STUDIES, THE GRADUATE SCHOOLS OF ARTS AND SCIENCES, EDUCATION, RELIGION AND RELIGIOUS EDUCATION, SOCIAL SERVICE, AND THE SCHOOL OF LAW. A SIGNIFICANT AMOUNT OF FINANCIAL ASSISTANCE IS PROVIDED TO ENABLE QUALIFIED STUDENTS TO STUDY AT THE UNIVERSITY. THE UNIVERSITY'S PRINCIPAL LOCATIONS INCLUDE RESIDENTIAL CAMPUSES IN THE BRONX AND MANHATTAN, A CAMPUS IN WEST HARRISON, NEW YORK, THE LOUIS CALDER CENTER BIOLOGICAL FIELD STATION IN ARMONK, NEW YORK, AND THE LONDON CENTRE IN THE UNITED KINGDOM. IN ADDITION TO THESE LOCATIONS, THE UNIVERSITY HOLDS A NUMBER OF AFFILIATIONS WITH HIGHER EDUCATION INSTITUTIONS ACROSS THE GLOBE, AND OFFERS ONLINE CLASSES AND ONLINE DEGREE PROGRAMS. FORM 990, PART VI, LINE 2 RELATIONSHIPS: FAMILY RELATIONSHIP - PETER STACE, OFFICER/VP FOR ENROLLMENT, HAS A FAMILY RELATIONSHIP WITH MARGARET BALL, OFFICER/SECRETARY OF THE UNIVERSITY. FORM 990, PART VI, LINE 11B FORM 990 REVIEW: THE OFFICE OF FINANCE WORKS CLOSELY WITH KPMG LLP, AS PAID PREPARER OF FORDHAM'S TAX-RELATED FILINGS, TO PREPARE THE FORM 990. ONCE PREPARED, THE FORM UNDERGOES A SERIES OF REVIEWS BY SENIOR FINANCIAL STAFF AND LEADERSHIP BEFORE SUBMISSION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE BOARD OF TRUSTEES HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING THE RETURN TO THE EXECUTIVE COMMITTEE. FOLLOWING A FORMAL PRESENTATION TO THE EXECUTIVE COMMITTEE AND QUESTION AND COMMENT PERIOD, THE RETURN IS APPROVED AND A COPY OF THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO ITS FILING. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST REVIEW: THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT REQUIRES, AMONG OTHER THINGS, NO INDIVIDUAL MAY PARTICIPATE IN A DISCUSSION OR DECISION ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND INDIVIDUALS WHO HAVE SIGNING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE A MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY. FORM 990, PART VI, LINE 15A & 15B COMPENSATION REVIEW: COMPENSATION FOR THE UNIVERSITY'S PRESIDENT IS REVIEWED ON A REGULAR BASIS BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES USING SALARY DATA FROM SIMILAR INSTITUTIONS. ONCE DETERMINED, THE PRESIDENT'S PROPOSED COMPENSATION IS SUBMITTED FIRST TO THE EXECUTIVE COMMITTEE, WHICH CONSISTS OF INDEPENDENT BOARD MEMBERS, THEN TO THE FULL BOARD OF TRUSTEES, FOR REVIEW AND ACCEPTANCE. The most recent review occurred June 12, 2018. COMPENSATION FOR OTHER UNIVERSITY OFFICERS IS ESTABLISHED USING SALARY BENCHMARKING DATA, AS WELL AS REVIEWS OF COMPENSATION DATA INCLUDED IN PUBLIC FILINGS OF COMPARABLE INSTITUTIONS. COMPENSATION LEVELS ARE REVIEWED AND ACCEPTED BY THE BOARD OF TRUSTEES BASED ON A REVIEW OF KEY DOCUMENTS, FILINGS, AND discussions regarding employee performance. THE PROCESS OF DETERMINING COMPENSATION IS CONDUCTED IN EXECUTIVE SESSION OF THE BOARD OF TRUSTEES MEETINGS IN ORDER TO PRESERVE CONFIDENTIALITY. COMPENSATION LEVELS THAT ARE AUTHORIZED AS A RESULT OF THIS PROCESS ARE DOCUMENTED. FORM 990, PART VI, LINE 19 DOCUMENT AVAILABILITY: FORDHAM UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE CURRENTLY AVAILABLE ON THE UNIVERSITY'S WEBSITE, AND THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART X, LINE 17 VOLUNTARY SEPARATION BENEFITS: DURING THE YEAR ENDED JUNE 30, 2018, THE UNIVERSITY EXTENDED A VOLUNTARY SEPARATION OFFER (VSO) TO ELIGIBLE ADMINISTRATORS. THE VSO PROVIDES FOR SEPARATION ALLOWANCES COMPRISING SALARY (BASED ON LENGTH OF SERVICE) AND FRINGE BENEFITS, PRINCIPALLY MEDICAL COVERAGE AND TUITION REMISSION. FOR THE YEAR ENDED JUNE 30, 2018, THE UNIVERSITY RECORDED A PROVISION FOR VOLUNTARY SEPARATION BENEFITS TOTALING $10,517,000, WHICH is PAYABLE THROUGH JUNE 30, 2020. FOR THE YEAR ENDED JUNE 30, 2019, $7,998,000 OF VOLUNTARY SEPARATION BENEFITS WERE PAID. FORM 990, PART X RECLASSIFICATIONS: CERTAIN RECLASSIFICATIONS OF PRIOR YEAR AMOUNTS HAVE BEEN MADE TO CONFORM TO THE CURRENT YEAR PRESENTATION. FORM 990, PART X, LINES 27-29 NET ASSET CLASSIFICATION: THE FASB ISSUED ACCOUNTING STANDARDS UPDATE (ASU) 2016-14, NOT-FOR-PROFIT ENTITIES (TOPIC 958), PRESENTATION OF FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES, WHICH AMONG OTHER THINGS, CHANGES HOW NOT-FOR-PROFIT ENTITIES REPORT NET ASSET CLASSES. THE SIGNIFICANT REQUIREMENTS OF ASU 2016-14 INCLUDE REDUCING THE NUMBER OF NET ASSET CLASSES FROM THREE TO TWO: WITH DONOR RESTRICTIONS (FORMERLY REPORTED AS TEMPORARILY RESTRICTED NET ASSETS AND PERMANENTLY RESTRICTED NET ASSETS) AND WITHOUT DONOR RESTRICTIONS (FORMERLY REPORTED AS UNRESTRICTED NET ASSETS). THE 2018 FORM 990, PART X WAS NOT UPDATED TO REFLECT THE CHANGE IN NET ASSET CLASS TERMINOLOGY; THEREFORE, THE UNIVERSITY HAS REPORTED NET ASSETS WITHOUT DONOR RESTRICTION AS UNRESTRICTED NET ASSETS AND NET ASSETS WITH DONOR RESTRICTIONS AS TEMPORARILY RESTRICTED NET ASSETS AND PERMANENTLY RESTRICTED NET ASSETS, RESPECTIVELY. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP (2,336,216) CHANGE IN POST RETIREMENT HEALTH BENEFIT OPTIONS OTHER THAN NET PERIODIC BENEFIT COST (308,000) NET PERIODIC BENEFIT COSTS OTHER THAN SERVICE COSTS (2,058,000) CHANGE IN FAIR VALUE OF PERPETUAL TRUST 137,855 LONDON PGM EXP & CURRENCY ADJ (2,321,061) DEFERRED TAX BENEFIT 2,810,304 CHANGE IN LONDON NET ASSETS (619,979) LONDON UNSPENT CASH 142,746 ------------- TOTAL TO FORM 990, PART XI, LINE 9 (4,552,351) FORDHAM AIRVANA HOLDINGS LLC 888 SEVENTH AVE 7TH FLOOR NEW YORK NY 10019 131740451 HOLDING CO. NY 0 0 FORDHAM U FORDHAM UNIVERSITY (USA) UK PROGRAM LTD 15 ST BOTOLPH STREET EC3A 7NJ LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U true FORDHAM UNIVERSITY UK CHARITABLE TRUST 15 ST BOTOLPH STREET EC3A 7NJ LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U true CHARITABLE REMAINDER TRUST (OH) INVESTMENT OH NA Trust true CHARITABLE REMAINDER TRUST (NY) INVESTMENT NY NA Trust true false false false false false false false false false false false false false false false true false true false FORDHAM UNIVERSITY (USA) UK PROGRAM LTD P 4496326 COST FORDHAM UNIVERSITY (USA) UK PROGRAM LTD R 1602222 COST