2019-08-13T11:07:16-05:00 2018-06-30 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2017-07-01 231352685 TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA % LESLIE KRUHLY SECRETARY TRUS 2158988967 3451 WALNUT STREET Suite ROOM 305 PHILADELPHIA PA 191046284 MARYFRANCES MCCOURT VP FINANCE/TREASURER 2158987005 2019-08-13 true ANTONIO C RUSSO P00858539 2673303000 167.68.125.77 23522320191345000056 2019-05-14 P DCB6F9647B0FB93E058BCD7497CB776EB1071C99 3336404C425FC5D94D995B9A40B339DB67595AA7 2017 2019-02-21 02:37:17Z X DR AMY GUTMANN PRESIDENT 3451 WALNUT STREET PHILADLEPHIA PA 19104 19159379284 false X WWW.UPENN.EDU X 1740 PA THE PROVISION OF EDUCATION, RESEARCH, AND CHARITABLE PATIENT CARE SERVICES. 53 53 51848 33077 44372148 1427606000 1492937000 4649083117 4949362299 575414000 694303000 58716883 102251701 6710820000 7238854000 429148403 457976785 0 0 3427958001 3649456000 694415 688264 113805277 2396302181 2430489951 6254103000 6538611000 456717000 700243000 19054006000 21301691000 5259935000 5892514000 13794071000 15409177000 X THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") SEES ITSELF AS HAVING A PUBLIC SERVICE MISSION. IN SUCH REGARD, THE UNIVERSITY AIMS TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR ITS STUDENTS; TO PIONEER RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE; AND TO PROVIDE THE MOST CURRENT AND HIGHEST QUALITY PATIENT CARE THROUGH THE UNIVERSITY HEALTH SYSTEM. false false 3136830556 457976785 1925323690 THE UNIVERSITY OF PENNSYLVANIA ("PENN"UNIVERSITY") IS ONE OF THE OLDEST UNIVERSITIES IN THE UNITED STATES. IT TRACES ITS ORIGINS BACK TO A CHARITY SCHOOL FOUNDED IN 1740, WAS CHARTERED AS A COLLEGE IN 1755, AND ON MAY 17, 1757, HELD ITS FIRST COMMENCEMENT, GRADUATING A CLASS OF SEVEN STUDENTS. FROM THESE EARLY AND MODEST BEGINNINGS, PENN HAS GROWN INTO ONE OF THE LEADING RESEARCH AND EDUCATIONAL INSTITUTIONS IN THE UNITED STATES AND IN THE WORLD. PUBLIC SERVICE IS A TOP INSTITUTIONAL PRIORITY FOR PENN. AS SUCH, THE UNIVERSITY AIMS TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR ITS STUDENTS; TO PIONEER RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE; AND TO PROVIDE THE MOST CURRENT AND HIGHEST QUALITY IN PATIENT CARE THROUGH THE UNIVERSITY HEALTH SYSTEM. THE UNIVERSITY IS HOME TO THE UNIVERSITY OF PENNSYLVANIA MUSEUM OF ARCHAEOLOGY AND ANTHROPOLOGY, THE INSTITUTE FOR CONTEMPORARY ART, AND THE ANNENBERG CENTER FOR THE PERFORMING ARTS, ALL OF WHICH CONTRIBUTE VITALLY TO ENRICHING THE CULTURAL LIFE OF PHILADELPHIA. IN ADDITION, THE UNIVERSITY IS AN ACTIVE PARTICIPANT IN THE WEST PHILADELPHIA NEIGHBORHOOD THAT IS ITS HOME. I. EDUCATION PENNS FIRM BELIEF THAT EXCELLENCE AND DIVERSITY GO HAND-IN-HAND IS EVIDENCED BY FY2018S CONCOMITANT INCREASES IN ADMISSIONS SELECTIVITY AND CAMPUS MULTICULTURALISM. OF 44,491 STUDENTS WHO APPLIED, ONLY 3,740, OR 8.4 PERCENT, WERE OFFERED ADMISSION INTO THE CLASS OF 2022. FIFTY-FIVE PERCENT OF THE CLASS IS FEMALE, AND 45 PERCENT IS MALE. THIS EXCEPTIONAL CLASS HAS, AT THE SAME TIME, CONTRIBUTED TO PENNS ONGOING GROWTH IN DIVERSITY: AMONG UNITED STATES CITIZENS AND PERMANENT RESIDENTS AT PENN, 43 PERCENT SELF-IDENTIFY AS STUDENTS OF COLOR, UP FROM 39 PERCENT SIX YEARS BEFORE. FOURTEEN PERCENT OF STUDENTS IDENTIFY AS FIRST-GENERATION COLLEGE STUDENTS. OF THE INTERNATIONAL STUDENTS ENROLLED IN THE CLASS OF 2022, 10 PERCENT WERE FROM AFRICA AND THE MIDDLE EAST, 46 PERCENT FROM ASIA, 5 PERCENT FROM AUSTRALIA AND THE PACIFIC, 14 PERCENT FROM CANADA AND MEXICO, 8 PERCENT FROM CENTRAL AND SOUTH AMERICA AND THE CARIBBEAN AND 16 PERCENT FROM EUROPE. THIS PROGRESS CAN BE DIRECTLY ATTRIBUTED TO THE UNIVERSITYS CONTINUED COMMITMENT TO INCREASING ACCESS THROUGH GRANT-BASED AID PACKAGES THAT MEET THE FULL FINANCIAL NEED OF UNDERGRADUATES, EXPANDING THE PENN WORLD SCHOLARS PROGRAM, AND STRENGTHENING GRADUATE AND PROFESSIONAL FINANCIAL AID AND SUPPORT, SUCH AS THROUGH THE NEW WELLNESS AT PENN AND OFFICE FOR PENN FIRST PLUS STUDENTS. PENN IS THE NATIONS LARGEST UNIVERSITY WITH A PROGRAM THAT ENABLES DEPENDENT UNDERGRADUATES ELIGIBLE FOR AID TO RECEIVE GRANT-BASED FINANCIAL AID PACKAGES FOR EIGHT ACADEMIC SEMESTERS. PENNS AID PROGRAM DEMONSTRATES THE UNIVERSITYS COMMITMENT TO INCREASE ACCESS FOR QUALIFIED STUDENTS FROM ALL ECONOMIC BACKGROUNDS. IN FY2018, THE AVERAGE FRESHMAN AID PACKAGE WAS $51,470, AN INCREASE OF 4 PERCENT OVER THE PREVIOUS YEAR AND 73 PERCENT OVER THE AVERAGE AID PACKAGE OF $29,752 IN FY2008, WHEN THE GRANT-BASED FINANCIAL AID POLICY WAS ANNOUNCED. RANKED NO. 8 AMONG ALL NATIONAL UNIVERSITIES BY U.S. NEWS & WORLD REPORT, PENN IS CONSISTENTLY RECOGNIZED FOR HAVING SOME OF THE TOP ACADEMIC PROGRAMS IN THE COUNTRY. PENNS UNDERGRADUATE BUSINESS PROGRAM IS RANKED NO. 1 NATIONALLY, WHILE PENNS MEDICAL SCHOOL AND GRADUATE PROGRAMS IN BUSINESS AND NURSING ARE CONSISTENTLY RANKED IN THE TOP SIX NATIONWIDE. THE PERELMAN SCHOOL OF MEDICINE AT THE UNIVERSITY OF PENNSYLVANIA HAS BEEN RANKED AMONG THE TOP MEDICAL SCHOOLS IN THE UNITED STATES FOR THE PAST 20 YEARS, ACCORDING TO U.S. NEWS & WORLD REPORTS SURVEY OF RESEARCH-ORIENTED MEDICAL SCHOOLS. IN FY2018, PENN RECEIVED $534 MILLION IN FUNDING FROM THE NATIONAL INSTITUTES OF HEALTH (NIH). OF THE $534 MILLION, THE PERELMAN SCHOOL OF MEDICINE RECEIVED $432 MILLION. THE SCHOOL IS CONSISTENTLY AMONG THE NATIONS TOP RECIPIENTS OF FUNDING FROM NIH. II. RESEARCH WITH MORE THAN $1 BILLION IN ANNUAL R&D EXPENDITURES, PENN IS ONE OF THE NATIONS TOP RESEARCH UNIVERSITIES, NOT ONLY GENERATING IMPORTANT NEW KNOWLEDGE IN THE FIELDS OF MEDICINE, TECHNOLOGY, BUSINESS, SCIENCE, AND BEYOND, BUT APPLYING THIS KNOWLEDGE TO IMPROVE THE LIVES OF INDIVIDUALS AND COMMUNITIES AT HOME AND AROUND THE WORLD. REUTERS EVEN NAMED PENN AMONG THE TOP FOUR "WORLD'S MOST INNOVATIVE UNIVERSITIES." PENN HAS LONG BEEN A CRADLE OF INGENUITY DEDICATED TO SERVING THE PUBLIC GOOD. THE PENNOVATION CENTER, THE FLAGSHIP FACILITY OF THE PENNOVATION WORKS, LEVERAGES THIS LEGACY BY CREATING AN ENVIRONMENT THAT NURTURES NOVEL IDEAS AND ACCELERATES THEIR EVOLUTION INTO NEW TECHNOLOGIES, THERAPIES, PRODUCTS, AND, ULTIMATELY, COMPANIES THAT WILL CHANGE THE WORLD. IT WAS AUGUST 30, 2017, WHEN PENN SECURED FDA APPROVAL FOR THE FIRST-EVER GENE THERAPY TREATMENT FOR CANCER. JUST MONTHS LATER, THE FDA WOULD ALSO APPROVE THE FIRST GENE THERAPY FOR CONGENITAL BLINDNESS, A NOVEL TREATMENT FOR INHERITED BRCA BREAST CANCER, AND, MOST RECENTLY, A CAR T-CELL THERAPY TO TREAT LARGE B-CELL LYMPHOMA-ALL FOUR APPROVALS BASED ON RESEARCH BY PENN SCIENTISTS AND PHYSICIANS MAKING A MAJOR MILESTONE IN THE HISTORY OF CANCER RESEARCH. ONE MEASURE OF EXCELLENCE FOR THE RESEARCH AND ACADEMIC STUDIES CONDUCTED AT PENN IS THE NUMEROUS PRESTIGIOUS AWARDS THAT HAVE BEEN CONFERRED ON PENN FACULTY. THE FACULTY, ACTIVE AND EMERITI, INCLUDES 88 MEMBERS OF THE AMERICAN ACADEMY OF ARTS AND SCIENCES, 94 MEMBERS OF THE NATIONAL ACADEMY OF MEDICINE, 42 MEMBERS OF THE NATIONAL ACADEMY OF SCIENCES, 30 MEMBERS OF THE AMERICAN PHILOSOPHICAL SOCIETY, 169 GUGGENHEIM FELLOWS, AND 15 MEMBERS OF THE NATIONAL ACADEMY OF ENGINEERING. NINE MACARTHUR AWARD RECIPIENTS, ONE NATIONAL MEDAL OF SCIENCE RECIPIENT, ONE NOBEL PRIZE RECIPIENT, AND FOUR PULITZER PRIZE RECIPIENTS CALL PENN HOME. PENNS RENOWNED RESEARCH COMMUNITY COMPRISES 189 RESEARCH CENTERS AND INSTITUTES, OVER 5,000 FACULTY, MORE THAN 1,300 POSTDOCTORAL FELLOWS, OVER 5,700 ACADEMIC SUPPORT STAFF AND GRADUATE STUDENT TRAINEES, AND A RESEARCH BUDGET OF $1.02 BILLION. RESEARCH GRANTS WON BY PENN FACULTY MAKE IT ONE OF THE HIGHEST RANKED RESEARCH UNIVERSITIES IN THE COUNTRY. THE OPENING OF THE PENNOVATION CENTER AT THE PENNOVATION WORKS SITE STANDS AS A TESTAMENT TO THE VALUE PENN PLACES ON BIG IDEAS. IT IS A PLACE WHERE UNIVERSITY SCHOLARS, DOERS, AND PROBLEM-SOLVERS, INCLUDING THOSE FROM THE PENN ENGINEERING RESEARCH AND COLLABORATIVE HUB, ARE WORKING SIDE BY SIDE WITH IT, BIOTECHNOLOGY, AND ROBOTICS STARTUPS, FORTUNE 500 COMPANIES, AND A HOST OF TECHNOLOGISTS, RESEARCHERS, AND VENTURE CAPITALISTS TO EXPLORE AND PUSH NEW IDEAS INTO REALITY AND EXPAND THE FRONTIERS OF KNOWLEDGE. HTTPS://WWW.PENNOVATION.UPENN.EDU/ III. PUBLIC SERVICE MISSION COMMUNITY INFRASTRUCTURE PENN HAS CALLED WEST PHILADELPHIA HOME SINCE 1871, AND MAKES SERVING THE COMMUNITY A TOP INSTITUTIONAL PRIORITY. THE UNIVERSITY REMAINS STRONGLY COMMITTED TO MAKING WEST PHILADELPHIA AN EVER MORE VIBRANT PLACE TO LIVE AND WORK. 2018 MARKED THE 12TH YEAR OF ACHIEVEMENT FOR THE PENN CONNECTS and PENN CONNECTS 2.0 CAMPUS PLANS TO CREATE AN INNOVATIVE, SUSTAINABLE, AND BEAUTIFUL URBAN CAMPUS THAT REINVIGORATES THE ENTIRE COMMUNITY OF WEST PHILADELPHIA. HTTP://WWW.PENNCONNECTS.UPENN.EDU/ SINCE 2006, PENN HAS ADDED 27.25 ACRES OF NEW OPEN SPACE, 6 MILLION SQUARE FEET OF NEW CONSTRUCTION, AND 2.7 MILLION SQUARE FEET OF RENOVATION, REPRESENTING A TOTAL COMMITMENT OF PUBLIC AND PRIVATE INVESTMENT OF $3.8 BILLION. THE EASTERN SIDE OF UNIVERSITY CITY, ONCE DOMINATED BY THE UNITED STATES POST OFFICE'S SOUTHEASTERN PENNSYLVANIA HEADQUARTERS - A 24 ACRE MIX OF MAIL PROCESSING AND TRANSPORTATION FACILITIES HAS BEEN REVITALIZED BY PENNS STRATEGIC APPLICATION OF PUBLIC PRIVATE PARTNERSHIPS. MODERNIZING THIS LAND USE UNLOCKS ITS POTENTIAL FOR GENERATING ECONOMIC DEVELOPMENT; WHILE CONNECTING UNIVERSITY CITY TO PHILADELPHIAS CENTER CITY (CENTRAL BUSINESS DISTRICT) AND AROUND ITS TRANSPORTATION HUB AT 30TH AND MARKET STREETS (AMTRAKS STATION, SEPTAS COMBINATION OF PUBLIC RAIL AND BUS TRANSIT, AND INTERSTATE 76). THE ELEMENTS OF THE PLAN INCLUDED REPLACING THE POST OFFICES SURFACE PARKING LOT AND TRUCK DEPOT WITH THE UNIVERSITYS PENN PARK, A 14-ACRE OPEN SPACE AND MIX OF ATHLETIC FACILITIES THAT INTRODUCED BOTH A NEW GATEWAY TO UNIVERSITY CITY AND A NEW GREENWAY WITH ENVIRONMENTAL BENEFITS SUCH AS ADDING MORE THAN 500 NEW INDIGENOUS TREES AND PLANT LIFE AND CAPTURING AND REUSING STORM WATER TO MITIGATE RUNOFF INTO THE SCHUYLKILL RIVER. NORTH OF PENN PARK, IS CIRA CENTRE SOUTH. ONCE THE POST OFFICES TRUCK TERMINAL ANNEX, THE UNIVERSITY LEASED THE LAND TO BRANDYWINE REALTY TRUST WHO PRIVATELY DEVELOPED IT INTO A THREE STRUCTURE COMPLEX INCLUDING: EVO, AN 850-BED GRADUATE STUDENT AND YOUNG PROFESSIONAL APARTMENT BUILDING; CIRA GREEN, A MIXED-USE BUILDING INCLUDING A 1,662 SPACE PARKING GARAGE, 9,000 SQUARE FEET OF STREET LEVEL RETAIL BUSINESSES, AND A ONE-ACRE ROOFTOP GREEN AND OPEN SPACE; AND FMC TOWER, A 49-STORY, 730-FOOT SKYSCRAPER AND G 2686241708 0 3010362000 IV. PATIENT CARE THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA ("HUP"), THE FLAGSHIP OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM'S SIX HOSPITALS, WAS ESTABLISHED IN 1874 AS A TEACHING HOSPITAL TO COMPLEMENT THE MEDICAL EDUCATION RECEIVED BY STUDENTS AT THE UNIVERSITY OF PENNSYLVANIAS MEDICAL SCHOOL, THE PERELMAN SCHOOL OF MEDICINE. IT HAS 18 CLINICAL DEPARTMENTS AND PROVIDES TRAINING IN MORE THAN 40 CLINICAL SPECIALTIES. MAJOR AREAS OF INVESTIGATION INCLUDE HEART DISEASE, CANCER, AND DISEASES OF AGING INCLUDING ALZHEIMERS DISEASE, WOMEN'S HEALTH, DIABETES AND OBESITY. THE HEALTH SYSTEM, WITH 2,940 LICENSED HOSPITAL BEDS, IS A VALUED HEALTH-CARE RESOURCE, ESPECIALLY TO PEOPLE RESIDING IN THE GREATER PHILADELPHIA AREA, LANCASTER COUNTY, PENNSYLVANIA, AND CENTRAL AND SOUTHERN NEW JERSEY. DURING THE COURSE OF A YEAR, IT ADMITS APPROXIMATELY 135,000 PATIENTS AND ACCOUNTS FOR OVER 5.2 MILLION OUTPATIENT VISITS, MORE THAN 359,000 EMERGENCY ROOM VISITS AND MORE THAN 19,000 BIRTHS. HUP IS THE ONLY HOSPITAL IN THIS AREA THAT PERFORMS TRANSPLANTS OF ALL MAJOR ORGANS. PENN MEDICINES LEVEL 1 TRAUMA CENTER, WHICH OPERATES AROUND THE CLOCK TO CARE FOR PATIENTS WHOVE BEEN CRITICALLY INJURED IN CAR ACCIDENTS, FALLS, AND THROUGH BLUNT AND PENETRATING TRAUMAS, IS NOW LOCATED AT PENN PRESBYTERIAN MEDICAL CENTER. THE CENTER CARES FOR MORE THAN 2,100 PATIENTS ANNUALLY, SEVERAL HUNDRED OF WHOM ARE TRANSFERRED FROM OTHER HOSPITALS VIA THE FLEET OF PENNSTAR MEDICAL HELICOPTERS AND GROUND AMBULANCES. BOTH HUP AND PENN PRESBYTERIAN MEDICAL CENTER ALSO CARE FOR A LARGE NUMBER OF PATIENTS WHO ARE TRANSFERRED HERE WITH TIME-SENSITIVE CARDIAC AND SURGICAL EMERGENCIES. IN KEEPING WITH ITS CHARITABLE PURPOSE, THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (UPHS) (WHICH INCLUDES THE HUP AND CLINICAL PRACTICES OF THE UNIVERSITY OF PENNSYLVANIA (CPUP) DIVISIONS OF THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA), AS WELL AS CERTAIN AFFILIATES, ACCEPTS PATIENTS IN SERIOUS NEED OF MEDICAL CARE REGARDLESS OF THEIR FINANCIAL STATUS. THIS DEFINITION INCLUDES THOSE PATIENTS SUFFERING FROM A MEDICAL CONDITION MANIFESTING ITSELF BY ACUTE SYMPTOMS OF SUFFICIENT SEVERITY (INCLUDING SEVERE PAIN) SUCH THAT THE ABSENCE OF IMMEDIATE MEDICAL ATTENTION COULD REASONABLY BE EXPECTED TO RESULT IN (1) PLACING THE HEALTH OF THE INDIVIDUAL (OR, WITH RESPECT TO A PREGNANT WOMAN, THE HEALTH OF THE WOMAN OR HER UNBORN CHILD) IN SERIOUS JEOPARDY, OR (2) SERIOUS IMPAIRMENT TO BODILY FUNCTIONS. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY, AND CERTAIN AMOUNTS CHARGED FOR SUCH SERVICES ARE DEEMED TO BE UNCOLLECTIBLE. UPHS MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE THEY PROVIDE. THESE RECORDS INCLUDE THE AMOUNT OF PAYMENT FORGONE, BASED ON ESTABLISHED RATES, FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY. HTTP://WWW.PENNMEDICINE.ORG/HEALTH-SYSTEM/ABOUT/ORGANIZATION/POLICI ES/FINANCIAL-ASSISTANCE.HTML UPHS ESTIMATED $19,189,000 AND $16,134,000 COSTS WERE INCURRED DURING 2018 AND 2017, RESPECTIVELY, FROM PROVIDING SERVICES TO CHARITY PATIENTS. THE ESTIMATED COSTS OF PROVIDING CHARITY SERVICES ARE BASED ON DATA DERIVED FROM A COMBINATION OF THE UPHS COST ACCOUNTING SYSTEM AND THE RATIO OF COSTS TO CHARGES. ADDITIONALLY, THE COSTS OF PROVIDING SERVICES TO ELIGIBLE RECIPIENTS, WHO PARTICIPATE IN MEDICARE AND MEDICAID EXCEEDED REIMBURSEMENT BY $258,803,000 AND $236,995,000 IN 2018 AND 2017, RESPECTIVELY. IN ADDITION TO PROVIDING DIRECT PATIENT CHARITY CARE, IN FURTHERANCE OF ITS EXEMPT PURPOSE TO BENEFIT THE COMMUNITY, THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM, IN COLLABORATION WITH OTHER, REGIONAL HEALTH SYSTEMS, IS UPDATING A COMMUNITY HEALTH NEEDS ASSESSMENT TO IDENTIFY THE MOST PRESSING HEALTH NEEDS IN THE SERVICE AREA AND DETERMINE HOW BEST TO ADDRESS THOSE NEEDS. THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM OPERATES EMERGENCY ROOMS OPEN TO THE PUBLIC 24 HOURS A DAY, 7 DAYS A WEEK; MAINTAINS RESEARCH FACILITIES FOR THE STUDY OF DISEASE AND INJURIES; PROVIDES FACILITIES FOR TEACHING AND TRAINING VARIOUS STUDENTS AND MEDICAL PERSONNEL; FACILITATES THE ADVANCEMENT OF MEDICAL AND SURGICAL EDUCATION; AND PROVIDES VARIOUS COMMUNITY SERVICES SUCH AS PROVIDING BASIC MEDICAL CARE FOR THE HOMELESS, TREATING OF CHRONIC DISEASE FOR LOW-INCOME RESIDENTS, AND PROVIDING WOMEN'S HEALTH SERVICES TO UNINSURED AND LOW-INCOME WOMEN OF ALL AGES; SCREENINGS FOR THE DETECTION OF BREAST, COLORECTAL, AND SKIN CANCER, CANCER SUPPORT GROUPS, A TOLL FREE NUMBER FOR CANCER INFORMATION, FREE IMMUNIZATION SHOTS, TRAINING PROGRAMS FOR THE CITY FIRE AND POLICE DEPARTMENTS, HEALTH EDUCATION CLASSES AND SPEECHES. HTTPS://WWW.PENNMEDICINE.ORG/ABOUT/SERVING-OUR-COMMUNITY/REPORTS BELOW ARE SOME EXPANDED PROGRAM DESCRIPTIONS FOR JUST A SMALL NUMBER OF THE MANY COMMUNITY CARE INITIATIVES UNDERWAY AT PENN MEDICINE: - COMMUNITY MEDICINE ROTATION: DEPARTMENT OF FAMILY MEDICINE AND COMMUNITY HEALTHS (DFMCH) COMMUNITY MEDICINE ROTATION FOR FAMILY MEDICINE (FM) RESIDENTS: THE DFMCH TRAINING PROGRAM STRESSES COMMUNITY SERVICE AND COMMUNITY ENGAGEMENT. DFMCH BELIEVES THAT COMMUNITY-BASED EXPERIENCES ARE CRITICAL IN THE DEVELOPMENT OF FUTURE PHYSICIANS WHO RECOGNIZE THE POWERFUL EFFECTS THAT ENVIRONMENT AND SOCIOECONOMIC STATUS HAVE ON HEALTH QUALITY. THE DFMCHS TRAINING PROGRAM IS A MODEL FOR DEVELOPING THE NEXT GENERATION OF PRIMARY CARE PROVIDERS TRAINED TO MITIGATE HEALTH DISPARITIES AND TO SERVE AS ADVOCATES FOR OUR COMMUNITY. RESIDENTS ROTATE THROUGH A SERIES OF COMMUNITY PARTNERSHIPS PROVIDING CONTINUITY IN SERVICE PROVISION FOR THREE COMMUNITY-BASED SERVICE AGENCIES (UNITED COMMUNITY CLINICS, UNITY HEALTH CLINIC, AND PREVENTION POINT PHILADELPHIA). FOR UNITED COMMUNITY CLINICS (UCC), FM RESIDENTS PARTICIPATE EVERY WEEK, SUPERVISING MEDICAL STUDENTS AT THIS FREE HEALTH CLINIC COORDINATED BY UNIVERSITY OF PENNSYLVANIA STUDENTS FROM THE SCHOOLS OF MEDICINE, NURSING, AND SOCIAL WORK. DFMCH FM RESIDENTS ARE THE ONLY PEDIATRIC (AND ADULT) PROVIDERS WHO SUPERVISE THE MEDICAL STUDENTS AT UCC. DFMCH FM RESIDENTS ALSO HAVE LEADERSHIP ROLES LONGITUDINALLY IN UCCS HYPERTENSION CLINIC PROVIDING CONTINUITY CARE FOR A COHORT OF UCC PATIENTS WITH HYPERTENSION. THE UNITY HEALTH CLINIC IS A FREE CLINIC THAT PRIMARILY SERVES UNINSURED INDONESIAN IMMIGRANTS OF CHINESE DESCENT. THIS UNDERSERVED, POPULATION STRUGGLES WITH HEALTH DISPARITIES INCLUDING INCREASED RATES OF WORK-RELATED INJURIES, SMOKING, DIABETES, AND GASTRO-INTESTINAL CANCERS. UNITY PARTNERS WITH THE UNIVERSITY OF PENNSYLVANIAS DEPARTMENT OF FAMILY MEDICINE AND COMMUNITY HEALTH TO PROVIDE FREE ACUTE, CHRONIC, AND PREVENTIVE MEDICAL CARE TO THIS HIGH-RISK AND UNDERSERVED POPULATION. UNITY IS STAFFED BY PENN MEDICINE FACULTY, FAMILY MEDICINE RESIDENTS, AND MEDICAL STUDENTS FROM THE ASIAN AND PACIFIC AMERICAN MEDICAL STUDENT ASSOCIATION. LEARNERS HAVE THE OPPORTUNITY TO EXPERIENCE A ONE-OF-A-KIND OPPORTUNITY TO WORK HAND IN HAND WITH MEDICAL TRANSLATORS; DISCOVER HOW DIFFERENT CULTURAL BACKGROUNDS AFFECT PATIENT PERCEPTIONS OF HEALTH AND MEDICINE; AND SERVE A MOTIVATED AND UNDER-SERVED COMMUNITY OFTEN OVERLOOKED IN PUBLIC HEALTH INITIATIVES. IN 2018 UNITY PROVIDED 971 RECORDED VISITS AND 91 IMMUNIZATIONS THROUGHOUT THE YEAR WHICH INCLUDES THE FLU, TDAP AND THE TWINRIX. DFMCH FM RESIDENTS ALSO PROVIDE CONTINUITY SUPPORT FOR PREVENTION POINT PHILADELPHIA (PPP). THE MISSION OF PPP IS TO REDUCE THE HARM ASSOCIATED WITH SUBSTANCE USE AND SEX INDUSTRY WORK BY PROMOTING HEALTH, EMPOWERMENT AND SAFETY WHILE ADVOCATING FOR HUMANE PUBLIC POLICIES AND PROGRAMS. DFMCH FM FACULTY CONTRIBUTE TO THE SUPERVISION OF RESIDENTS PROVIDING CLINICAL SUPPORT FOR PPP HARM REDUCTION PROGRAMS THROUGH THEIR NEEDLE-EXCHANGE PROGRAM AND THE STREETSIDE HEALTH PROJECT (SHP). THE SHP PARTNERS WITH THE UNIVERSITY OF PENNSYLVANIAS DFMCH TO PROVIDE FREE ACUTE, CHRONIC, AND PREVENTIVE MEDICAL CARE TO CLIENTS OF ALL BACKGROUNDS. THE SHP HAS A SPECIAL FOCUS ON LINKING PEOPLE TO MEDICAL INSURANCE, PRIMARY CARE, AND SPECIALTY CARE (PARTICULARLY CARE FOR HIV AND HCV). ADDITIONAL PROGRAMING FOR DFMCH FM RESIDENTS INCLUDE SUPPORT FOR HEALTH PROMOTION WORK IN THREE WEST-PHILADELPHIA ELEMENTARY SCHOOLS; THE WALK-WITH-A-DOC PROGRAM AT THE SAYRE HEALTH CENTER; DFMCH HOME VISITATION AND HIGH-COST, HIGH-NEED PATIENT PROGRAMMING, ROTATION WITH TWO COLLABORATING FEDERALLY QUALIFIED HEALTH CENTERS (FQHCS) AS WELL AS A COHORT OF RESIDENTS WHO PROVIDE PRENATAL CARE AT A THIRD FQHC; DFMCHS LESBIAN, GAY, BI-SEXUAL, AND TRANSGENDER (LGBT) CARE PROGRAMMING. DFMCH FACULTY DIRECT A POPULAR ELECTIVE FOR MEDICAL STUDENTS (FM326) AND RESIDENTS IN OTHER DEPARTMENTS SEEKING ADDITIONAL OPPORTUNITIES TO TRAIN AND DEVELOP COMMUNITY-MEDICINE-RELATED SKILLS WHERE LEARNERS ARE PAIRED WITH DFMCH FM RESIDENTS ROTATING ON THEIR COMMUNITY MEDICINE ROTATION. HTTPS://WWW.PENNMEDICINE.ORG/DEPARTMENTS-AND-CENTERS/FAMILY-MEDICIN E-AND-COMMUNIT 5823072264 true true false true false true false true false true true true false false true true false true true true true true true true true false true true true true true true false false false false false true false false false false true true false false true true true true false false true X 7567 0 true 51848 true true true true BD BC CA CH UC FR HK EI JA SP false false false true true false false false false false false false X 53 53 false false false false false false false true true true false true true true true true true true true true true AK AR CA CO CT DC FL KS KY LA MA MI MN NH ND OH OK OR PA SC UT WA WV X LESLIE KRUHLY SECRETARY 2158987005 211 COLLEGE HALL PHILADELPHIA PA 191046303 X LAURA J ALBER TRUSTEE 3.0 0.0 X 0 0 0 BONNIE MIAO BANDEEN TRUSTEE 3.0 0.0 X 0 0 0 ADAM K BERNSTEIN TRUSTEE 3.0 0.0 X 0 0 0 DAVID S BLITZER TRUSTEE 3.0 0.0 X 0 0 0 ALLAN C BELL ESQ TRUSTEE-THRU 12/31/2017 3.0 0.0 X 0 0 0 SCOTT L BOK ESQ TRUSTEE 3.0 0.0 X 0 0 0 JUDITH L BOLLINGER TRUSTEE-THRU 12/31/2017 3.0 0.0 X 0 0 0 DAVID M BRUSH TRUSTEE-THRU 12/31/2017 3.0 0.0 X 0 0 0 ALBERTO J CHAMORRO TRUSTEE 3.0 0.0 X 0 0 0 DAVID L COHEN ESQ CHAIRPERSON 3.0 0.0 X X 0 0 0 JAMES G DINAN TRUSTEE 3.0 0.0 X 0 0 0 LEE SPELMAN DOTY TRUSTEE 3.0 0.0 X 0 0 0 CONNIE K DUCKWORTH TRUSTEE 3.0 0.0 X 0 0 0 ALBERTO IVAN DURAN TRUSTEE 3.0 0.0 X 0 0 0 DAVID ERTEL TRUSTEE 3.0 0.0 X 0 0 0 CHRISTOPHER H FRANKLIN TRUSTEE 3.0 0.0 X 0 0 0 SARAH WILDER FULLER TRUSTEE-THRU 10/29/17 3.0 0.0 X 0 0 0 MICHAEL F GERBER TRUSTEE 3.0 0.0 X 0 0 0 PERRY GOLKIN ESQ TRUSTEE 3.0 0.0 X 0 0 0 JOEL M GREENBLATT TRUSTEE-THRU 12/31/2017 3.0 0.0 X 0 0 0 JAMES H GREENE JR TRUSTEE 3.0 0.0 X 0 0 0 JANET F HAAS MD TRUSTEE 3.0 0.0 X 0 0 0 ANDREW R HEYER TRUSTEE 3.0 0.0 X 0 0 0 LLOYD W HOWELL JR TRUSTEE 3.0 0.0 X 0 0 0 OSAGIE O IMASOGIE ESQ TRUSTEE 3.0 0.0 X 0 0 0 LYNN J JERATH TRUSTEE 3.0 0.0 X 0 0 0 JAMES C JOHNSON ESQ TRUSTEE 3.0 0.0 X 0 0 0 ROBERT S KAPITO TRUSTEE 3.0 0.0 X 0 0 0 MICHAEL J KOWALSKI TRUSTEE 3.0 0.0 X 0 0 0 SUSANNA E LACHS ESQ TRUSTEE 3.0 0.0 X 0 0 0 ANDREA BERRY LAPORTE TRUSTEE-EMERITUS AS OF 11/3/17 3.0 0.0 X 0 0 0 WILLIAM P LAUDER TRUSTEE 3.0 0.0 X 0 0 0 CHARLES B LEITNER III TRUSTEE 3.0 0.0 X 0 0 0 ROBERT M LEVY TRUSTEE 3.0 0.0 X 0 0 0 PAUL S LEVY ESQ TRUSTEE-THRU 4/6/2018 3.0 0.0 X 0 0 0 CLAIRE LOMAX ESQ TRUSTEE 3.0 0.0 X 0 0 0 DR DEBORAH MARROW TRUSTEE 3.0 0.0 X 0 0 0 PATRICIA MARTIN MD TRUSTEE 3.0 0.0 X 0 0 0 MARC F MCMORRIS TRUSTEE 3.0 0.0 X 0 0 0 KENNETH D MOELIS TRUSTEE 3.0 0.0 X 0 0 0 OFER NEMIROVSKY TRUSTEE 3.0 0.0 X 0 0 0 DANIEL S OCH TRUSTEE-THRU 6/22/2018 3.0 0.0 X 0 0 0 DHANANJAY M PAI TRUSTEE 3.0 0.0 X 0 0 0 SIMON D PALLEY TRUSTEE 3.0 0.0 X 0 0 0 CHERYL PEISACH TRUSTEE 3.0 0.0 X 0 0 0 RICHARD C PERRY TRUSTEE 3.0 0.0 X 0 0 0 JULIE BEREN PLATT TRUSTEE 3.0 0.0 X 0 0 0 MICHAEL J PRICE TRUSTEE 3.0 0.0 X 0 0 0 ANDREW S RACHLEFF TRUSTEE 3.0 0.0 X 0 0 0 RAMANAN RAGHAVENDRAN TRUSTEE 3.0 0.0 X 0 0 0 ANN REESE TRUSTEE 3.0 0.0 X 0 0 0 MARC J ROWAN TRUSTEE 3.0 0.0 X 0 0 0 THEODORE E SCHLEIN TRUSTEE 3.0 0.0 X 0 0 0 ALAN DAVID SCHNITZER TRUSTEE 3.0 0.0 X 0 0 0 JULIE BREIER SEAMAN TRUSTEE 3.0 0.0 X 0 0 0 JOHN P SHOEMAKER TRUSTEE 3.0 0.0 X 0 0 0 AMB MARTIN J SILVERSTEIN TRUSTEE 3.0 1.0 X 0 0 0 ROBERT M STAVIS TRUSTEE 3.0 0.0 X 0 0 0 RICHARD W VAGUE TRUSTEE 3.0 0.0 X 0 0 0 JILL TOPKIS WEISS TRUSTEE 3.0 0.0 X 0 0 0 MARK B WERNER TRUSTEE 3.0 0.0 X 0 0 0 HON THOMAS W WOLF EX-OFFICIO TRUSTEE 3.0 0.0 X 0 0 0 DR AMY GUTMANN PRESIDENT, EX-OFFICIO TRUSTEE 55.0 0.0 X X 2874838 0 741977 CRAIG CARNAROLI EXECUTIVE VICE PRESIDENT 54.0 1.0 X 1091644 0 688919 JEFFREY COOPER VP GOVT & COMMUNITY RELATIONS 55.0 0.0 X 433863 0 49985 JOHN HEUER VP HUMAN RESOURCES 55.0 0.0 X 478099 0 82994 JOHN HORN COMPTROLLER 55.0 0.0 X 329654 0 34741 LARRY JAMESON EXEC. VP UPHS & DEAN OF PSOM 54.0 1.0 X 2546270 0 926050 LESLIE KRUHLY VP AND SECRETARY 55.0 0.0 X 413618 0 42465 TREVOR LEWIS AS OF 712017 VP BUDGET AND MGMT ANALYSIS 55.0 0.0 X 339118 0 57737 STEPHEN J MACCARTHY VP COMMUNICATIONS 55.0 0.0 X 480587 0 70484 MARYFRANCES MCCOURT VP FIN. & TREASURER 53.0 2.0 X 612721 0 81314 JOANN MITCHELL SVP INSTITUTIONAL AFFAIRS 55.0 0.0 X 523455 0 57472 THOMAS MURPHY VP INFO SYSTEMS AND COMPUTING 55.0 0.0 X 593318 0 107647 ANNE PAPAGEORGE VP FACILITIES AND REAL ESTATE 53.0 2.0 X 522981 0 56632 WENDELL PRITCHETT PROVOST-AS OF 7/1/2017 54.0 1.0 X 519088 0 86627 GREGORY ROST SVP & CHIEF OF STAFF 54.0 1.0 X 740818 0 129167 MAUREEN RUSH VP PUBLIC SAFETY 54.0 1.0 X 384369 0 61690 WENDY WHITE SVP & GENERAL COUNSEL 54.0 1.0 X 905667 0 47631 MARIE WITT VP BUSINESS SERVICES 55.0 0.0 X 407760 0 50537 JOHN ZELLER SVP DEVELOPMENT & ALUMNI RLTNS 55.0 0.0 X 888710 0 51840 PETER AMMON CHIEF INVESTMENT OFFICER 55.0 0.0 X 2654184 0 971223 THOMAS E BEEMAN PHD COO REGIONAL OPERATIONS UPHS 50.0 5.0 X 1527033 0 221349 DAWN BONNELL VICE PROVOST FOR RESEARCH 55.0 0.0 X 480852 0 35210 REGINA CUNNINGHAM CEO HUP 55.0 0.0 X 937357 0 78826 JON EPSTEIN V. DEAN, PSOM 55.0 0.0 X 976186 0 43325 ELIZABETH B JOHNSTON EXECUTIVE DIRECTOR CPUP 53.0 2.0 X 1108974 0 134142 KEITH KASPER CFO, UPHS 46.0 9.0 X 1282274 0 176358 KEVIN MAHONEY EVP,PROG DEV&EXEC VICE DEAN 48.0 7.0 X 1761028 0 176456 CHRISTOPHER MASOTTI VICE DEAN ADMIN PSOM 55.0 0.0 X 517482 0 56342 RALPH MULLER CEO, UPHS 44.0 11.0 X 2477764 0 503454 PHILLIP OKALA COO PHILADELPHIA OPERATIONS 52.0 3.0 X 1291829 0 158325 PETER D QUINN MD DMD SVP,VICE DEAN,PROF SERV UPHS 53.0 2.0 X 1571946 0 43073 BETH A WINKELSTEIN VICE PROVOST FOR EDUCATION 55.0 0.0 X 369121 0 33529 MICHAEL SEAN GRADY MD SURGEON - OTORHINOLARYNGOLOGY 55.0 0.0 X 2023723 0 58777 THOMAS L SPRAY MD CHOP - SURGEON 55.0 0.0 X 1991108 0 38728 DAVID G NAZARIAN MD CPUP ORTHOPAEDIC SURGEON 55.0 0.0 X 1851705 0 56493 WILLIAM C WELCH MD CPUP - NEUROSURGERY 55.0 0.0 X 1715721 0 57974 PAUL J MARCOTTE MD CPUP - NEUROSURGERY 55.0 0.0 X 1703844 0 42468 BONNIE GIBSON THRU 6302017 FMR VP BUDGET & MGMT ANALYSIS 0.0 0.0 X 289808 0 32794 VINCENT PRICE THRU 6302017 FMR PROVOST 0.0 0.0 X 707738 0 41523 42326255 0 6386278 7816 true true false PHILA POST-ACUTE PARTNERS LLC 850 S 5TH STREET ALLENTOWN PA 18103 HEALTH CARE SERVICES 44674757 LF DRISCOLL CO 401 CITY AVE STE 500 BALA CYNWYD PA 19004 CONSTRUCTION MGMT 35530095 ALLIED UNIVERSAL 161 WASHINGTON ST STE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICES 20226367 DRISCOLL BALFOUR BEATTY A JOINT 401 CITY AVE STE 500 BALA CYNWYD PA 19004 CONSTRUCTION MGMT 19548446 MADISON CONSTRUCTION CO 130 QUAKER LN MALVERN PA 19335 CONSTRUCTION MGMT 15501816 643 X 739780 961971000 530226220 48577929 1492937000 TUITION & FEES 900099 1321791000 1321791000 0 0 NET PATIENT SERVICE HEALTHCARE REVENUES 621110 3010362000 3010362000 0 0 AUXILIARY ENTERPRISES 611710 246434000 246434000 0 0 OTHER PROGRAM SERVICE REVENUES 611710 370775299 355378690 15396609 0 4949362299 114897935 28975539 85922396 8187065 8187065 72953000 72953000 28291000 3000 0 0 28291000 3000 28294000 28294000 12487507000 11916289000 571218000 571218000 571218000 368985 739780 536284 -167299 -167299 0 0 0 4872000 3700000 1172000 1172000 0 7238854000 4935137690 44372148 766407162 4536077 4536077 451392736 451392736 2047972 2047972 0 43657430 41474558 2182872 0 10351111 9833555 517556 0 2845759119 2485079614 313033503 47646002 195008000 170295000 21451000 3262000 367773340 321160713 40455068 6157559 186907000 163221000 20560000 3126000 25919000 16070000 1296000 8553000 15854000 13159000 2665000 30000 1415000 1231000 181000 3000 245000 203000 42000 0 688264 688264 31164000 0 31164000 0 426554000 358295000 59718000 8541000 28693000 19612000 4591000 4490000 221265000 195661000 15489000 10115000 5653000 4692000 552000 409000 624000 624000 0 0 196657000 176991000 16191000 3475000 82755000 71762000 6620000 4373000 0 42639000 30018000 3411000 9210000 59380000 53442000 5938000 0 -735000 -735000 0 0 341078000 306970000 34108000 0 77256000 67213000 10040000 3000 MEDICAL SUPPLIES 722930000 722930000 0 0 OTHER TAXES 83471000 80967000 2491000 13000 G&C OVERHEAD EXPENSES 45342000 39447540 5894460 0 SUBSCRIPTIONS/DUES 12009000 10448000 1465000 96000 10321951 5030499 1677000 3614452 6538611000 5823072264 601733459 113805277 X 0 0 831688000 1252459000 239129000 273477000 556928000 628004000 750000 508025 825953 763097 89387047 78024880 29898000 31588000 56402000 63194000 9327524000 4251049000 4757068000 5076475000 5253677937 5355205425 7071990063 8398976573 0 0 0 0 166262000 143016000 19054006000 21301691000 1831275000 2026498000 0 0 159407000 148328000 1633154000 2216793000 0 0 0 0 914000 12663000 0 0 1635185000 1488232000 5259935000 5892514000 X 7469132000 8504163000 2799676000 3200962000 3525263000 3704052000 13794071000 15409177000 19054006000 21301691000 X 700243000 753220000 161643000 X false true X true true true X 1311611000 1246588000 1299928000 1427606000 1492937000 6778670000 0 0 1311611000 1246588000 1299928000 1427606000 1492937000 6778670000 0 6778670000 133084947 139744590 132420636 171477149 224332000 801059322 0 0 0 0 0 0 0 7579729322 22092512349 0.89432 0.89679 X true true false false false false true 1179223 false false 1179223 false SCHEDULE C, PART II-B, LINE 1(G) DETAIL OF LOBBYING ACTIVITIES THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") ALUMNI AND TRUSTEES OCCASIONALLY ENGAGE IN ADVOCACY RELATED TO FEDERAL AND STATE APPROPRIATIONS FOR PROGRAMS OF IMPORTANCE TO THE UNIVERSITY. THE UNIVERSITY MAINTAINS AN OFFICE OF FEDERAL RELATIONS, WHOSE MAIN FUNCTION IS TO KEEP THE UNIVERSITY COMMUNITY APPRISED OF FEDERAL DEVELOPMENTS WHICH MAY HAVE AN IMPACT ON THE UNIVERSITY INCLUDING, AMONG OTHERS, PENDING CHANGES TO THE INTERNAL REVENUE CODE, RESEARCH FUNDING AND ISSUES OF STUDENT AID. THE UNIVERSITY, A PRIVATE NON-PROFIT EDUCATIONAL INSTITUTION, RECEIVES DIRECT ANNUAL NON-PREFERRED APPROPRIATIONS FROM THE COMMONWEALTH OF PENNSYLVANIA. THE AMOUNT AND CONTINUATION OF THESE APPROPRIATIONS ARE NOT GUARANTEED. THEREFORE, THE UNIVERSITY MAINTAINS AN OFFICE OF COMMONWEALTH RELATIONS IN ORDER TO SUPPORT, JUSTIFY, AND COORDINATE THESE APPROPRIATION REQUESTS BEFORE THE PENNSYLVANIA DEPARTMENT OF AGRICULTURE, OTHER APPROPRIATE AGENCIES OF THE EXECUTIVE BRANCH, AND THE GENERAL ASSEMBLY. THE MAJORITY OF THIS OFFICE'S EFFORTS ARE RELATED TO ACTIVITIES SUPPORTING THESE APPROPRIATION REQUESTS. ADDITIONALLY, THIS OFFICE MAY ALSO CONDUCT MINIMAL LOBBYING ACTIVITIES RELATED TO OTHER ISSUES, SUCH AS STUDENT AID AND OTHER PROGRAMS RELATED TO HIGHER EDUCATION. IN CONJUNCTION WITH THESE TYPES OF LOBBYING ACTIVITIES, THE UNIVERSITY HAS CONTRACTED WITH PROFESSIONAL LOBBYISTS TO CONTACT LEGISLATORS IN CONNECTION WITH THE UNIVERSITY'S ANNUAL APPROPRIATIONS. THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM, THROUGH ITS OFFICE OF GOVERNMENTAL AFFAIRS, CONDUCTED LOBBYING ACTIVITIES WITH RESPECT TO HEALTH CARE RELATED ISSUES AND LEGISLATION. THESE ACTIVITIES INCLUDED MEETING WITH LEGISLATORS, THEIR STAFF, GOVERNMENTAL OFFICIALS, AS WELL AS CONDUCTING SEMINARS. 2 0 120500 1793723 true true X X X X false 10823057735 386383841 1345636475 0 321296341 0 12233781710 9489318954 488726023 1319478609 0 474465852 0 10823057734 9708105142 300549705 -161026895 0 358308998 0 9489318954 9168772072 230022469 638749658 0 329439057 0 9708105142 7828196789 294067500 1323529783 0 277022000 0 9168772072 0.46080 0.30650 0.23270 true false 292772000 292772000 6875649000 3093993000 3781656000 1395500000 1157056000 238444000 763603000 0 763603000 5076475000 VENTURE CAPITAL & OTHER INVEST 7780932539 F REAL ESTATE 566243034 F INVESTMENT IN SUBSIDIARIES 51801000 F 8398976573 0 DEPOSITS 168530000 FEDERAL STUDENT LOAN ADVANCES 68686000 ACCRUED RETIREMENT BENEFITS 1048089000 INTERCO DUE TO/(FROM) AFFILIATES -105093000 TAXABLE BOND LIABILITY 308020000 1488232000 X SCHEDULE D, PART III, LINE 1A ACCOUNTING FOR COLLECTIONS THE FOLLOWING IS THE TEXT OF THE FOOTNOTE TO THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS: CONTRIBUTIONS OF LIBRARY MATERIALS, AS WELL AS RARE BOOKS AND OTHER COLLECTIBLES, ARE NOT RECORDED FOR FINANCIAL STATEMENT PRESENTATION, WHILE PURCHASES ARE RECORDED AS OTHER OPERATING EXPENSES ON THE CONSOLIDATED STATEMENT OF ACTIVITIES IN THE PERIOD ACQUIRED. --------------- SCHEDULE D, PART III, LINE 4 DESCRIPTION OF COLLECTIONS THE UNIVERSITY MAINTAINS 14 LIBRARIES. THE COLLECTIONS, AS A WHOLE, INCLUDE INFORMATION FROM NUMEROUS FIELDS OF STUDY. THE UNIVERSITY'S DEPARTMENTAL LIBRARIES ARE GENERALLY SUBJECT SPECIFIC (MATH/PHYSICS/ ASTRONOMY, FINE ARTS, BUSINESS, MUSIC, BIOMEDICAL, DENTAL MEDICINE, VETERINARY MEDICINE, ETC.) AND THE VAN PELT-DIETRICH LIBRARY HOUSES INFORMATION FROM ALL OF THESE AREAS, AS WELL AS THE RARE BOOK COLLECTION AND ALL OF THE HUMANITIES. SUBJECT HOLDINGS INCLUDE PHILOSOPHY, PSYCHOLOGY, RELIGION, HISTORY, GEOGRAPHY, ANTHROPOLOGY, RECREATION, SOCIAL SCIENCE, ECONOMICS, SOCIOLOGY, POLITICAL SCIENCE, LAW, EDUCATION, LITERATURE, SCIENCE, AGRICULTURE, TECHNOLOGY, MILITARY SCIENCE, AND GENERAL BIBLIOGRAPHY. THE LIBRARIES' COLLECTIONS, BOTH PRINT AND ELECTRONIC, DIRECTLY SUPPORT THE RESEARCH AND INSTRUCTION MISSION OF THE UNIVERSITY BY ENSURING ACCESS TO CURRENT AND HISTORICAL INFORMATION. THE UNIVERSITY DOES NOT SOLICIT OR RECEIVE DONATIONS OF ART, HISTORICAL TREASURES OR OTHER SIMILAR ASSETS TO BE SOLD IN ORDER TO RAISE FUNDS RATHER THAN TO BE MAINTAINED AS PART OF THE ORGANIZATION'S COLLECTION. ANY PROSPECTIVE ACCESSIONING OR DEACCESSIONING OF MATERIALS IS REVIEWED BY THE UNIVERSITY OF PENNSYLVANIA MUSEUM OF ARCHAEOLOGY AND ANTHROPOLOGY'S ("MUSEUM") ACQUISITIONS COMMITTEE IN ACCORDANCE WITH THE MUSEUM'S ACQUISITIONS POLICY AND PROCEDURES. ALL OBJECTS CONSIDERED FOR ACQUISITION ARE REVIEWED IN LIGHT OF THE 1970 UNITED NATIONS EDUCATIONAL, SCIENTIFIC, AND CULTURAL ORGANIZATION ("UNESCO") CONVENTION. OBJECTS OFFERED TO THE MUSEUM AND IMPORTED INTO THE UNITED STATES PRIOR TO THE ADOPTION OF THE UNESCO CONVENTION OF 1970 ARE CONSIDERED IN LIGHT OF THE LAWS IN PLACE IN THEIR COUNTRIES OF ORIGIN AT THE TIME OF THEIR DOCUMENTED APPEARANCE IN THE UNITED STATES. ACCESSIONED COLLECTIONS, WHICH ARE DOCUMENTED ARCHAEOLOGICAL AND ETHNOGRAPHIC MATERIAL, ARE ACQUIRED PRIMARILY FOR RESEARCH, EXHIBITION, AND PRESERVATION PURPOSES. THEY ARE ACCESSIONED UNDER THE CARE OF THE CURATORIAL SECTIONS. ARCHIVAL COLLECTIONS, WHICH ARE RECORDS OF EXPEDITIONS, RESEARCH, EXHIBITIONS, OR MUSEUM ADMINISTRATIVE RECORDS IN THE FORM OF EITHER DOCUMENTS OR VISUAL IMAGES (E.G. PHOTOGRAPHS) ARE ACCESSIONED UNDER THE CARE OF THE MUSEUM ARCHIVES. EDUCATIONAL MATERIALS, WHICH ARE OBJECTS WHOSE SOLE USE IS TO FACILITATE VARIOUS EDUCATIONAL PROGRAMS (E.G. OUTREACH PRESENTATIONS, TEACHERS' PACKAGES, OR CHILDREN'S WORKSHOPS) ARE DESIGNATED FOR TOUCHING AND HANDLING, ARE NOT ACCESSIONED AND ARE MANAGED BY THE LEARNING PROGRAMS DEPARTMENT. -------------------- SCHEDULE D, PART V, LINE 4 USE OF ENDOWMENT FUNDS DURING THE YEAR ENDED JUNE 30, 2018, THE UNIVERSITY'S ENDOWMENT CONSISTED OF 6,364 DONOR-RESTRICTED PERMANENT OR TERM ENDOWMENT FUNDS AND 895 UNRESTRICTED ENDOWMENT FUNDS ESTABLISHED BY THE UNIVERSITY'S BOARD OF TRUSTEES TO BE USED IN FURTHERANCE OF THE ORGANIZATION'S TAX-EXEMPT PURPOSES. -------------------- SCHEDULE D, PART X, LINE 1 OTHER LIABILITIES DETAIL THE INTERCOMPANY DUE TO/(FROM) AFFILIATES BALANCE INCLUDES AMOUNTS OWED TO/(DUE FROM) AFFILIATES BASED UPON THE UNIVERSITY'S CENTRAL MANAGEMENT OF THE CASH HELD BY CERTAIN UNIVERSITY AFFILIATES. -------------------- SCHEDULE D, PART X, LINE 2 TEXT OF FIN 48 (ASC 740) FOOTNOTE THE UNIVERSITY REGULARLY EVALUATES ITS TAX POSITION AND DOES NOT BELIEVE IT HAS ANY UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE OR ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") PUBLISHES ITS RACIALLY NON-DISCRIMINATORY POLICY IN THE STUDENT CATALOGUE, ON ITS FINANCIAL AID APPLICATIONS AND IN OTHER BROCHURES WHICH DESCRIBE THE UNIVERSITY OF PENNSYLVANIA, ITS SCHOOLS, CENTERS, AND INSTITUTES. SEE: http://www.upenn.edu/affirm-action/policies.html -------------------- SCHEDULE E, LINE 6A DESCRIPTION OF FINANCIAL AID/ASSISTANCE FROM GOV'T AGENCY THE UNIVERSITY IS A PRIVATE NON-PROFIT INSTITUTION THAT RECEIVES DIRECT ANNUAL NON-PREFERRED APPROPRIATIONS FROM THE COMMONWEALTH OF PENNSYLVANIA. THE UNIVERSITY AlSO RECEIVES VARIOUS GOVERNMENTAL FUNDING WHICH SUPPORTS ITS EDUCATIONAL, PATIENT CARE, AND RESEARCH MISSIONS. true Central America and the Caribbean 0 4 Send agents to seminar 33381 Central America and the Caribbean 0 0 Conduct board meetings 329 Central America and the Caribbean 0 0 Fundraising 22611 Central America and the Caribbean 0 0 Grantmaking 174039 Central America and the Caribbean 0 0 Program Services Education & Training 105525 Central America and the Caribbean 0 0 Program Services Field Research 57328 Central America and the Caribbean 0 0 Program Services Recruiting 7530 Central America and the Caribbean 0 0 Program Services Social Research 4004 Central America and the Caribbean 0 1 Program Services Study Abroad/Education 162385 Central America and the Caribbean 0 0 Program Services Study Abroad/Research 16354 Central America and the Caribbean 0 0 Investments 1816359187 East Asia and the Pacific 1 36 Send agents to seminar 743211 East Asia and the Pacific 0 0 Conduct board meetings 59178 East Asia and the Pacific 0 3 Fundraising 3885133 East Asia and the Pacific 0 1 Grantmaking 416056 East Asia and the Pacific 0 6 Program Services Education & Training 2188738 East Asia and the Pacific 0 3 Program Services Field Research 588445 East Asia and the Pacific 0 0 Program Services Recruiting 175388 East Asia and the Pacific 0 0 Program Services Social Research 36291 East Asia and the Pacific 0 2 Program Services Study Abroad/Education 1030619 East Asia and the Pacific 0 0 Program Services Study Abroad/Research 99998 East Asia and the Pacific 0 0 Investments 428344513 Europe (Including Iceland and Greenland) 0 61 Send agents to seminar 2417253 Europe (Including Iceland and Greenland) 0 1 Conduct board meetings 65549 Europe (Including Iceland and Greenland) 0 0 Fundraising 882460 Europe (Including Iceland and Greenland) 1 89 Grantmaking 1199573 Europe (Including Iceland and Greenland) 0 0 Program Services Clinical Trials 120576 Europe (Including Iceland and Greenland) 1 348 Program Services Education & Training 2077261 Europe (Including Iceland and Greenland) 0 4 Program Services Field Research 2796987 Europe (Including Iceland and Greenland) 0 0 Program Services Recruiting 78323 Europe (Including Iceland and Greenland) 0 1 Program Services Social Research 204093 Europe (Including Iceland and Greenland) 0 34 Program Services Study Abroad/Education 3406119 Europe (Including Iceland and Greenland) 0 0 Program Services Study Abroad/Research 214595 Europe (Including Iceland and Greenland) 0 0 Investments 602065913 Middle East and North Africa 0 17 Send agents to seminar 166526 Middle East and North Africa 0 0 Fundraising 37158 Middle East and North Africa 0 112 Grantmaking 67280 Middle East and North Africa 0 5 Program Services Education & Training 613896 Middle East and North Africa 0 0 Program Services Field Research 87132 Middle East and North Africa 0 0 Program Services Recruiting 19417 Middle East and North Africa 0 0 Program Services Social Research 1961 Middle East and North Africa 0 5 Program Services Study Abroad/Education 336133 Middle East and North Africa 0 0 Program Services Study Abroad/Research 27298 Middle East and North Africa 0 0 Investments 169274 North America 0 13 Send agents to seminar 544412 North America 0 0 Fundraising 56375 North America 0 0 Grantmaking 346417 North America 0 0 Program Services Clinical Trials 62935 North America 0 1 Program Services Education & Training 705186 North America 0 1 Program Services Field Research 250225 North America 0 0 Program Services Recruiting 21208 North America 0 1 Program Services Social Research 9905 North America 0 1 Program Services Study Abroad/Education 64986 North America 0 0 Program Services Study Abroad/Research 33936 North America 0 0 Investments 131800531 Russia and the Newly Independent States 0 0 Send agents to seminar 18850 Russia and the Newly Independent States 0 0 Grantmaking 11652 Russia and the Newly Independent States 0 2 Program Services Clinical Trials 51888 Russia and the Newly Independent States 0 0 Program Services Education & Training 18833 Russia and the Newly Independent States 0 0 Program Services Field Research 22473 Russia and the Newly Independent States 0 0 Program Services Recruiting 686 Russia and the Newly Independent States 0 1 Program Services Social Research 164222 Russia and the Newly Independent States 0 0 Program Services Study Abroad/Education 71420 Russia and the Newly Independent States 0 0 Program Services Study Abroad/Research 29914 South America 0 15 Send agents to seminar 90104 South America 0 0 Conduct board meetings 1532 South America 0 1 Fundraising 64398 South America 0 0 Grantmaking 65224 South America 0 2 Program Services Education & Training 1189200 South America 0 1 Program Services Field Research 430665 South America 0 0 Program Services Recruiting 27526 South America 0 0 Program Services Social Research 31623 South America 0 4 Program Services Study Abroad/Education 641699 South America 0 0 Program Services Study Abroad/Research 36084 South Asia 0 7 Send agents to seminar 71483 South Asia 0 0 Fundraising 88596 South Asia 0 0 Grantmaking 90323 South Asia 0 3 Program Services Education & Training 471005 South Asia 0 0 Program Services Field Research 1589537 South Asia 0 0 Program Services Recruiting 22900 South Asia 0 0 Program Services Social Research 462188 South Asia 0 0 Program Services Study Abroad/Education 154628 South Asia 0 0 Program Services Study Abroad/Research 24602 Sub-Saharan Africa 0 6 Send agents to seminar 66483 Sub-Saharan Africa 0 0 Fundraising 29438 Sub-Saharan Africa 0 0 Grantmaking 459000 Sub-Saharan Africa 0 0 Program Services Clinical Trials 247670 Sub-Saharan Africa 0 5 Program Services Education & Training 606229 Sub-Saharan Africa 3 137 Program Services Field Research 3888760 Sub-Saharan Africa 0 0 Program Services Recruiting 8812 Sub-Saharan Africa 0 0 Program Services Social Research 270757 Sub-Saharan Africa 0 1 Program 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N/A N/A East Asia and the Pacific INTERNSHIP 15160 CHECK N/A N/A North America INTERNSHIP 10000 CHECK N/A N/A East Asia and the Pacific INTERNSHIP 10000 CHECK N/A N/A Sub-Saharan Africa PRIZES/AWARDS 250000 CHECK N/A N/A South Asia PRIZES/AWARDS 10000 CHECK N/A N/A East Asia and the Pacific PRIZES/AWARDS 10000 CHECK N/A N/A Central America and the Caribbean PRIZES/AWARDS 10000 CHECK N/A N/A Sub-Saharan Africa PRIZES/AWARDS 10000 CHECK N/A N/A Sub-Saharan Africa PRIZES/AWARDS 50000 CHECK N/A N/A Sub-Saharan Africa INTERNSHIP 10000 CHECK N/A N/A 23 15 GRANTS/STIPENDS Central America and the Caribbean 6 80000 CHECK N/A N/A RESEARCH GRANT East Asia and the Pacific 1 10000 WIRE N/A N/A AWARD South Asia 1 5500 CHECK N/A N/A AWARD North America 1 6335 E-PAYMENT N/A N/A AWARD Russia and the Newly Independent States 1 9040 E-PAYMENT N/A N/A FELLOWSHIP GRANT Europe (Including Iceland and Greenland) 1 7337 E-PAYMENT N/A N/A true true true true true true SCHEDULE F, PART I, LINE 2 PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA OFFICE OF RESEARCH SERVICES IS RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS PURSUANT TO ESTABLISHED POLICES AND PROTOCOL. THESE POLICIES COVER GRANTS MADE BOTH WITHIN AND OUTSIDE THE U.S. -------------------- SCHEDULE F, PART II DETAIL OF SUB-CONTRACTS IN FURTHERANCE OF ITS RESEARCH ACTIVITIES, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA MAKES SUB-CONTRACTS TO FOREIGN INSTITUTIONS THAT PERFORM RESEARCH IN CONNECTION WITH RESEARCH GRANTS AWARDED TO THE UNIVERSITY. THE UNIVERSITY DOES NOT CATEGORIZE THESE SUB-CONTRACTS AS GRANTS FOR FORM 990, SCHEDULE F, PARTS II AND III. 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X X X X true true X X X X true X SCH H, PART V, SECT. C X SCH H, PART V, SECT. C X SCH H, PART V, SECT. C X X X X X X true X false X X X X true X false false PART V, SECTION B, LINES 5, 6A & 6B (INPUT FROM COMMUNITY; JOINT CHNA) PUBLIC HEALTH MANAGEMENT CORPORATION (PHMC), A PRIVATE NON-PROFIT PUBLIC HEALTH INSTITUTE, ASSISTED THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS") WITH THE COMPLETION OF ITS CHNA. THE CHNA WAS PREPARED JOINTLY BY THE UNIVERSITY OF PENNSYLVANIA, PENNSYLVANIA HOSPITAL OF UPHS AND PENN PRESBYTERIAN MEDICAL CENTER OF UPHS. THE FOLLOWING FIVE STEPS WERE UTILIZED IN CONDUCTING THE NEEDS ASSESSMENT PROCESS: - DEFINING THE COMMUNITY; - IDENTIFYING EXISTING PRIMARY AND SECONDARY DATA AND DATA NEEDS; - COLLECTING PRIMARY AND SECONDARY DATA; - ANALYZING DATA; AND - PREPARING A WRITTEN NARRATIVE REPORT. PHMC COLLABORATED WITH UPHS TO IDENTIFY INDIVIDUALS LIVING AND/OR WORKING IN THE COMMUNITIES IN THE UPHS SERVICE AREAS NEAR THE WALNUT STREET WEST BRANCH LIBRARY AT 40TH AND WALNUT STREETS IN WEST PHILADELPHIA AND THE INDEPENDENCE BRANCH LIBRARY AT 7TH AND MARKET STREETS WHO COULD PROVIDE INPUT ON THE NEEDS ASSESSMENT AS COMMUNITY MEMBERS, PUBLIC HEALTH EXPERTS, AND AS LEADERS OR PERSONS WITH KNOWLEDGE OF UNDERSERVED RACIAL MINORITIES, LOW INCOME RESIDENTS, AND/OR THE CHRONICALLY ILL. UPHS RECEIVED FURTHER INPUT ON THE NEEDS OF THE COMMUNITY, INCLUDING THE MEDICALLY UNDERSERVED, LOW-INCOME, AND MINORITY POPULATIONS FROM PHMCS 2015 SOUTHEASTERN PENNSYLVANIA HOUSEHOLD HEALTH SURVEY. THE SURVEY QUESTIONNAIRE EXAMINED HEALTH STATUS AND UTILIZATION OF, AND ACCESS TO, HEALTH CARE AMONG ADULTS AND CHILDREN IN THE FIVE-COUNTY AREA OF BUCKS, CHESTER, DELAWARE, AND MONTGOMERY COUNTIES AND THE CITY OF PHILADELPHIA. -------------------- PART V, SECTION B, LINE 7 & 10 (CHNA & IMP. PLAN PUBLIC AVAILABILITY) A COPY OF THE ORGANIZATION'S CHNA AND IMPLEMENTATION PLAN CAN BE ACCESSED AT: https://www.pennmedicine.org/about/serving-our-community/reports OUR CHNA AND IMPLEMENTATION/IMPROVEMENT PLAN ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST. -------------------- PART V, SECTION B, LINE 11 (ADDRESSING THE NEEDS IDENTIFIED IN THE CHNA) FOR A COMPLETE DESCRIPTION ON HOW THE ORGANIZATION IS ADDRESSING THE NEEDS IDENTIFIED IN THE MOST RECENTLY COMPLETED CHNA, SEE THE FOLLOWING: https://www.pennmedicine.org/about/serving-our-community/reports -------------------- PART V, SECTION B, LINE 16 (FINANCIAL ASSISTANCE POLICY AVAILABILITY) A COPY OF THE ORGANIZATION'S FINANCIAL ASSISTANCE POLICY, APPLICATION AND PLAIN LANGUAGE SUMMARY CAN BE ACCESSED AT: https://www.pennmedicine.org/for-patients-and-visitors/patient-information /insurance-and-billing/financial-assistance ------------------ 16 PENN MEDICINE AT RADNOR 250 KING OF PRUSSIA ROAD BALA CYNWYD PA 19004 OUTPATIENT FACILITY PENN MEDICINE AT BUCKS COUNTY 777 TOWNSHIP LINE ROAD YARDLEY PA 19067 OUTPATIENT FACILITY PENN MEDICINE AT VALLEY FORGE 1001 CHESTERBROOK BLVD BERWYN PA 19312 OUTPATIENT FACILITY PENN MEDICINE AT WOODBURY HEIGHTS 1006 MANTUA PIKE WOODBURY HEIGHTS NJ 08097 OUTPATIENT FACILITY PENN MEDICINE AT RITTENHOUSE 1800 LOMBARD STREET PHILADELPHIA PA 19146 INPATIENT REHABILITATION ANATOMY CHEMISTRY 420 GUARDIAN DRIVE PHILADEPHIA PA 19104 RESEARCH FACILITY BIOMEDICAL RESEARCH BUILDING 2 500 OSLER CIRCLE PHILADELPHIA PA 19104 RESEARCH FACILITY BLOCKLEY HALL 423 GUARDIAN DRIVE PHILADELPHIA PA 19104 RESEARCH FACILITY CAROLYN HOFF LYNCH BIOLOGY LAB 435 S UNIVERSITY AVENUE PHILADELPHIA PA 19104 RESEARCH FACILITY CHEMISTRY LABORATORIES - 1958 WING 231 S 34TH STREET PHILADELPHIA PA 19104 RESEARCH FACILITY CHESTNUT HALL 3900 CHESTNUT STREET PHILADELPHIA PA 19104 RESEARCH FACILITY CLINICAL RESEARCH BUILDING 415 CURIE BLVD PHILADELPHIA PA 19104 RESEARCH FACILITY GL LABORATORY BUILDING 500 S RIDGEWAY GLENOLDEN PA 19036 RESEARCH FACILITY GODDARD LABORATORIES 3710 HAMILTON WALK PHILADELPHIA PA 19104 RESEARCH FACILITY HAYDEN HALL 3320 SMITH WALK PHILADELPHIA PA 19104 RESEARCH FACILITY PERELMAN CENTER FOR ADVANCED MEDICINE 3400 CIVIC CENTER BOULEVARD PHILADELPHIA PA 19104 OUTPATIENT FACILITY PART I, LINE 7 (BAD DEBT EXPENSE, COSTING METHODOLOGY USED) THE BAD DEBT EXPENSE AMOUNT INCLUDED ON FORM 990, PART IX, COLUMN 25(A) WAS $8,967,000 RELATED TO ACADEMIC BAD DEBTS FOR THE YEAR ENDED JUNE 30, 2018. CONSISTENT WITH PRIOR YEAR, PATIENT SERVICE BAD DEBTS ARE TREATED AS A CONTRA-REVENUE LINE ITEM ON THE STATEMENT OF REVENUE. THE COSTING METHODOLOGY USED IN CALCULATING THE AMOUNTS REPORTED ON THE LINE 7 TABLE ARE BASED ON A COST TO CHARGE RATIO. THE COST TO CHARGE RATIO WAS DERIVED FROM WORKSHEET 2 OF THE FORM 990, SCHEDULE H INSTRUCTIONS. -------------------- PART II (DETAIL OF COMMUNITY BUILDING ACTIVITIES) DETAILS REGARDING THE VARIOUS COMMUNITY BUILDING ACTIVITIES CONDUCTED BY UPHS IS INCLUDED IN OUR RESPONSE TO FORM 990, PART III, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS. -------------------- PART III, SECTION A, LINE 2 (BAD DEBT EXPENSE) THE COSTING METHODOLOGY USED IN DETERMINING THE AMOUNTS REPORTED ON LINES 2 AND 3 ARE BASED ON ACTUAL CHARGES WRITTEN OFF (AMOUNTS THAT ARE DEEMED TO BE UNCOLLECTIBLE). -------------------- PART III, SECTION A, LINE 3 (BAD DEBT EXPENSE ATTRIBUTABLE TO PATIENTS ELIBIBLE UNDER THE ORGANIZATION'S FINANCIAL ASSISTANCE POLICY) UPHS UTILIZES A THIRD-PARTY VENDOR TO POPULATE THE NUMBER OF INDIVIDUALS WITHIN EACH HOUSEHOLD AND THE MEAN HOUSEHOLD INCOME BASED ON THE ACCOUNT ADDRESS. UPHS ESTIMATES THE AMOUNT OF BAD DEBTS ATTRIBUTABLE TO PATIENTS ELIGIBLE UNDER ITS FINANCIAL ASSISTANCE POLICY BASED UPON 300% OF THE FEDERAL POVERTY GUIDELINES. -------------------- PART III, SECTION A, LINE 4 (BAD DEBT EXPENSE FOOTNOTE) THE BAD DEBT EXPENSE FOOTNOTE DISCLOSURE CAN BE FOUND STARTING ON PAGE 13 OF THE ELECTRONICALLY ATTACHED CONSOLIDATED FINANCIAL STATEMENTS FOR THE UNIVERSITY OF PENNSYLVANIA. -------------------- PART III, SECTION B, LINE 8 (COSTING METHODOLOGY, MEDICARE SHORTFALL) THE COSTING METHODOLOGY USED IN DETERMINING THE AMOUNT REPORTED ON LINE 6 IS BASED ON A COST TO CHARGE RATIO. CONSISTENT WITH THE CHARTIABLE HEALTHCARE MISSION OF UPHS AND THE COMMUNITY BENEFIT STANDARD SET FORTH IN IRS REVENUE RULING 69-545, UPHS PROVIDES CARE FOR ALL PATIENTS COVERED BY MEDICARE SEEKING MEDICAL CARE AT UPHS. SUCH CARE IS PROVIDED REGARDLESS OF WHETHER THE REIMBURSEMENT PROVIDED FOR SUCH SERVICES MEETS OR EXCEEDS THE COSTS INCURRED BY UPHS TO PROVIDE SUCH SERVICES. -------------------- PART III, LINE 9B (COLLECTION PRACTICES) THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM PROVIDES URGENT/EMERGENT MEDICAL SERVICES WITHOUT REGARD TO ABILITY TO PAY. WHEN IT HAS BEEN DETERMINED THAT A PATIENT IS NOT ELIGIBLE FOR COVERAGE BY EXTERNAL SOURCES OF FUNDING, FINANCIAL ASSISTANCE MAY BE AVAILABLE FOR BOTH THE UNINSURED AND UNDERINSURED, THE INDIGENT, HARDSHIP AND MEDICALLY INDIGENT AND MAY BE APPROVED AS EITHER FULL OR PARTIAL FREE CARE. PATIENTS WHO DO NOT COOPERATE WITH THE FINANCIAL COUNSELING PROCESS OR WHOSE APPLICATION FOR FINANCIAL ASSISTANCE IS DENIED BY THE HEALTH SYSTEM MAY BE PURSUED BY COLLECTION EFFORTS, INCLUDING REFERRAL TO AN OUTSIDE COLLECTION AGENCY OR ATTORNEY AS DETERMINED BY OUR PATIENT ACCOUNTING DEPARTMENT. -------------------- PART VI, LINE 2 (NEEDS ASSESSMENT) THE MISSION OF UPHS IS TO PROVIDE THE MOST ADVANCED AND HIGHEST QUALITY PATIENT CARE POSSIBLE; TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR STUDENTS AND TRAINEES; AND TO SUPPORT CLINICAL RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE. TO THESE ENDS, UPHS IS AN ACTIVE PARTICIPANT IN THE WEST PHILADELPHIA NEIGHBORHOOD THAT IS OUR HOME. ON ANY GIVEN DAY, UPHS PHYSICIANS, NURSES, MEDICAL STUDENTS, AND VOLUNTEERS ARE OUT IN THE COMMUNITY SHARING THEIR SKILLS, THEIR TALENTS AND MOST IMPORTANTLY, THEMSELVES FOR THE BETTERMENT OF THE COMMUNITY. - HOW UPHS IDENTIFIES AND TAKES ACTION TO ADDRESS RACIAL, ETHNIC, AND GENDER DISPARITIES IN MEDICAL CARE EVERY DAY IN OUR NEIGHBORHOOD CLINICS, IN OUR EMERGENCY ROOM AND PHYSICIANS' OFFICES WE SEE THE EFFECTS OF RACIAL, ETHNIC, AND GENDER DISPARITIES IN HEALTH CARE. IN KEEPING WITH OUR CHARITABLE PURPOSE, UPHS ACCEPTS PATIENTS IN NEED OF URGENT MEDICAL CARE REGARDLESS OF THEIR FINANCIAL STATUS OR ANY OTHER SOCIO-ECONOMIC FACTORS. AS THE MAIN PROVIDER IN A SERVICE AREA THAT INCLUDES A NUMBER OF ECONOMICALLY-CHALLENGED NEIGHBORHOODS, UPHS PROVIDES CARE TO MANY PATIENTS WHO DO NOT HAVE HEALTH INSURANCE PROVIDING MORE THAN $100 MILLION IN CHARITY AND UNDERFUNDED CARE EACH YEAR. IN PARTNERSHIP WITH COMMUNITY-BASED ORGANIZATIONS AND OTHER AREA INSTITUTIONS, UPHS SEEKS TO IDENTIFY AND ADDRESS RACIAL, ETHNIC, AND GENDER DISPARITIES THROUGH SUPPORT FOR PROGRAMS INCLUDING, BUT NOT LIMITED TO: > PUENTES DE SALUD - A WEEKLY FREE CLINIC THAT SEEKS TO ADDRESS THE HEALTH NEEDS OF THE GROWING LATINO POPULATION BY PROVIDING LOW-COST CARE TO PATIENTS ANNUALLY. > THE UNITY CLINIC - A FREE CLINIC THAT PROVIDES PRIMARY CARE SERVICES TO LOW-INCOME ASIAN IMMIGRANTS IN PHILADELPHIA. > WOMEN AND CHILDREN'S HEALTH SERVICES - AN AMBULATORY CARE FACILITY THAT SPECIALIZES IN THE PROVISION OF OBSTETRICAL, FAMILY PLANNING, AND SOCIAL SERVICES THROUGH FREE AND LOW COST PROGRAMS THAT EXTEND WELL BEYOND TRADITIONAL MEDICAL CARE. - HOW THE HEALTH SYSTEM ASSESSES COMMUNITY HEALTH STATUS UPHS PROVIDES VARIOUS COMMUNITY SERVICES WHICH, IN CONJUNCTION WITH PROVIDING PATIENT CARE AND EDUCATIONAL INFORMATION, HELP US ASSESS THE HEALTH STATUS OF OUR COMMUNITY. SOME OF OUR MOST SUCCESSFUL INITIATIVES RESULT FROM APPLYING THE COLLECTIVE RESOURCES OF COMMUNITY RESIDENTS AND ORGANIZATIONS, HEALTH CARE PROFESSIONALS, AND PUBLIC HEALTH AGENCIES WITH THE GOAL OF IDENTIFYING AND ADDRESSING A COMMUNITY PROBLEM. THIS IS ACCOMPLISHED IN MANY WAYS, SUCH AS: FORMAL HEALTH ASSESSMENTS THAT INDIVIDUAL PROGRAMS MAY PERFORM, OPEN DIALOGUE WITH COMMUNITY LEADERS THROUGH PARTICIPATION IN COMMUNITY MEETINGS, OR BY ASSESSING COMMUNITY HEALTH STATUS IN THE WORK WE PERFORM OUT IN THE COMMUNITY. - HOW THE HEALTH SYSTEM COLLABORATES WITH COMMUNITY STAKEHOLDERS, INCLUDING OTHER INSTITUTIONAL PROVIDERS, TO IDENTIFY SPECIFIC COMMUNITY HEALTH NEEDS AND TO DEVELOP AND MEASURE EFFECTIVENESS OF PROGRAMS TO HELP MEET THOSE NEEDS COLLABORATION WITH COMMUNITY STAKEHOLDERS AND OTHER INSTITUTIONAL PROVIDERS IS A PARTICULARLY STRONG AREA FOR UPHS. WORKING IN CONJUNCTION WITH COMMUNITY-BASED NON-PROFIT ORGANIZATIONS, CITY AGENCIES AND OTHER COMMUNITY STAKEHOLDERS, UPHS SEEKS TO IDENTIFY AND ADDRESS COMMUNITY HEALTH NEEDS THROUGH PROGRAMS AND SERVICES, SUCH AS: > SAYRE HEALTH CENTER - RECOGNIZING A NEED FOR PRIMARY CARE SERVICES IN THE NEIGHBORHOOD, PENN JOINED FORCES WITH THE SCHOOL DISTRICT OF PHILADELPHIA TO BRING A STATE-OF-THE-ART HEALTH CARE FACILITY TO SAYRE HIGH SCHOOL IN WEST PHILADELPHIA. IN ADDITION TO PROVIDING PRIMARY CARE SERVICES TO THE COMMUNITY, PENN MEDICINE PHYSICIANS WORK IN PARTNERSHIP WITH SAYRE STUDENTS TO TEACH BASIC MEDICAL SERVICES THAT ONE DAY COULD LEAD TO A CAREER IN THE MEDICAL PROFESSION. > BRIDGING THE GAPS - A PARTNERSHIP OF THE AREA'S FIVE ACADEMIC HEALTH CENTERS, BRIDGING THE GAPS (BTG) LINKS THE TRAINING OF HEALTH PROFESSIONALS WITH THE PROVISION OF CARE TO ECONOMICALLY DISADVANTAGED POPULATIONS. LED BY UPHS PHYSICIANS AND STAFF, BTG GIVES MEDICAL STUDENTS THE OPPORTUNITY TO GAIN FIRST-HAND INSIGHT INTO THE COMPLEX ISSUES AFFECTING UNDERSERVED URBAN COMMUNITIES. IN ADDITION TO THE PROGRAMS OUTLINED ABOVE, UPHS PHYSICIANS AND STAFF PROVIDE EDUCATIONAL PROGRAMS IN CONJUNCTION WITH AREA HIGH SCHOOLS AND VOLUNTEER THEIR EXPERTISE TO NUMEROUS PUBLIC HEALTH COMMITTEES AND AGENCIES AT THE COMMUNITY, STATE AND NATIONAL LEVEL. - HOW THE HEALTH SYSTEM REGULARLY REPORTS TO THE COMMUNITY ON THE ORGANIZATION'S QUALITY PERFORMANCE FOR THE FULL RANGE OF SERVICES IT PROVIDES SINCE 2007, UPHS HAS PUBLISHED AN ANNUAL COMMUNITY BENEFIT REPORT, "SIMPLY BECAUSE," WHICH HIGHLIGHTS SOME OF THE EXTENSIVE WORK UPHS PERFORMS IN THE COMMUNITY. THIS WIDELY DISTRIBUTED REPORT INCLUDES EXAMPLES OF OUR COMMUNITY EFFORTS AS WELL AS STATISTICS RELATED TO THE COMMUNITY BENEFIT WE PROVIDE. https://www.pennmedicine.org/news/publications-and-special-projects/simply -because ADDITIONALLY, UPHS HAS ALSO IMPLEMENTED OUR "PENN MEDICINE CARES" (COMMUNITY ACTIVITY REPORTING E-INITIATIVE) PROGRAM. WHILE THE "SIMPLY BECAUSE" REPORT PROVIDES US A BRIEF GLIMPSE INTO ALL THE GOOD WORK UPHS PERSONNEL ARE INVOLVED IN, IT REPRESENTS ONLY A FRACTION OF THE TOTAL COMMUNITY SERVICE WORK THAT OCCURS. THIS REPORTING PROGRAM HAS BEEN DEVELOPED TO ENCOURAGE UPHS EMPLOYEES TO REPORT ALL OF THE COMMUNITY SERVICES THEY PROVIDE SO THAT WE CAN BETTER TRACK COMMUNITY OUTREACH, ENCOURAGE MORE VOLUNTEERISM AND BETTER TARGET OUR EFFORTS TO MEET THE GREATEST COMMUNITY NEEDS. http://www.pennmedicine.org/health-system/about/community/ - WHETHER AND HOW UPHS IS ADDRESSING THE PER CAPITA COST OF CARE IN THE COMMUNITY UPHS SUPPORTS EFFORTS TO PROVIDE FREE AND LOW-COST CARE TO THE COMMUNITY THROUGH PARTNERSHIPS WITH BOTH PENN-RELATED AND NON-RELATED PROGRAMS. UPHS PHYSICIANS AND STAFF WORK IN HEALTH CLINICS THROUGHOUT PHILADELPHIA THAT PROVIDE THESE MUCH-NEEDED SERVICES THAT ALSO ADDRESSES THE PER CAPITA COST OF HEALTH CARE IN THE COMMUNITY. IN ADDITION, UPHS HAS A SPECIALTY CARE CONTRACT WITH THE CITY OF PHILADELPHIA THAT ALLOWS PHYSICIANS FROM THE CITY'S DISTRICT HEALTH CENTERS TO REFER PATIENTS INTO THE SYSTEM FOR APPOINTMENTS IN SPECIALTIES SUCH AS CARDIOLOGY, NEUROLOGY AND DERMATOLOGY. THESE SERVICES ARE PROVIDED TO THE CITY AT A SIGNIFICANTLY REDUCED COST - GIVING UNINSURED AND UNDERINSURED PATIENTS ACCESS TO CARE THEY MIGHT NOT OTHERWISE RECEIVE WHILE KEEPING DOWN THE PER CAPITA COST FOR THE CITY AND RESIDENTS OF THE COMMUNITY. AT UPHS, WORKING FOR THE BENEFIT OF THE COMMUNITY IS NOT ONLY A PRIORITY; IT IS ROOTED DEEP IN OUR CULTURE. ALONG WITH OUR ROLE AS A LEADER IN MEDICAL CARE AND RESEARCH, UPHS HAS CULTIVATED A STRONG AFFINITY WITH THE NEIGHBORHOODS WE SERVE- BECOMING INCREASINGLY RESPONSIVE IN IDENTIFYING NEEDS AND PROACTIVE IN FINDING SOLUTIONS. IN ADDITION TO OUR OWN INTERNAL EFFORTS, UPHS ALSO COLLABORATES WITH VARIOUS PUBLIC AND PRIVATE AGENCIES TO HELP DETERMINE COMMUNITY HEALTH NEEDS AND HOW BEST TO ADDRESS THEM. THE SUCCESS OF COMMUNITY OUTREACH REQUIRES A STRONG FOCUS ON SOLUTIONS. AT UPHS, WE CONTINUALLY FIND WAYS TO EXPAND AND STRENGTHEN THE SAFETY NET THAT HELPS ENSURE THE WELL-BEING OF THE COMMUNITIES WE SERVE. IN THAT REGARD, ONE OF OUR MAJOR RESPONSIBILITIES IS TO SHARE KNOWLEDGE. WORKING TOGETHER WITH COMMUNITY PARTNERS ENABLES US TO ACCOMPLISH MORE THAN ANY ONE PERSON COULD INDIVIDUALLY. PLEASE SEE OUR MOST RECENTLY COMPLETED COMMUNITY HEALTH NEEDS ASSESSMENT AND IMPLEMENTATION PLAN FOR ADDITIONAL INFORMATION. A COPY OF OUR CHNA AND IMPLEMENTATION PLAN CAN BE ACCESSED AT: HTTPS://WWW.PENNMEDICINE.ORG/ABOUT/SERVING-OUR-COMMUNITY/REPORTS. -------------------- PART VI, LINE 3 (PATIENT EDUCATION OF ELIGIBILITY FOR ASSISTANCE) UPHS IS COMMITTED TO CARING FOR ALL PATIENTS EQUITABLY, WITH DIGNITY, RESPECT AND COMPASSION WITHOUT REGARD TO AGE, RACE, COLOR, NATIONAL ORIGIN, RELIGIOUS CREED, SEX, PHYSICAL OR MENTAL DISABILITY, MARITAL STATUS OR SEXUAL PREFERENCE. AS PART OF THIS COMMITMENT, UPHS OFFERS FINANCIAL COUNSELING AND ASSISTANCE PROGRAMS TO UNINSURED AND UNDERINSURED PATIENTS TO ASSIST THOSE WHO CANNOT PAY FOR ALL OR PART OF THEIR CARE. PATIENTS WILL BE CONSIDERED FOR FINANCIAL ASSISTANCE ON AN INDIVIDUAL BASIS, TAKING INTO CONSIDERATION TOTAL HOUSEHOLD INCOME AND OTHER RESOURCES. UPHS WILL ALSO CONSIDER OTHER FACTORS IN THE PATIENT/FAMILY FINANCIAL SITUATION, SHOULD THERE BE OTHER CRITICAL EXPENSES, NOT RELATED TO THE PATIENT'S MEDICAL CARE, THAT MAKE PAYMENT OF THE FINANCIAL OBLIGATION IMPOSSIBLE, SUCH AS CARING FOR A DISABLED FAMILY MEMBER. UPHS INFORMS AND EDUCATES PATIENTS AND PERSONS WHO MAY BE BILLED FOR PATIENT CARE ABOUT THEIR ELIGIBILITY FOR ASSISTANCE UNDER FEDERAL, STATE, OR LOCAL GOVERNMENT PROGRAMS OR UNDER UPHS'S CHARITY CARE POLICY. PATIENTS ARE INFORMED OF THE AVAILABILITY OF CHARITY CARE IN VARIOUS WAYS (E.G. AT POINT OF REGISTRATION, ON POSTERS THROUGHOUT HOSPITAL, IN PRACTICES, FINANCIAL COUNSELOR INTERVIEW AND WEBSITE). A COPY OF OUR FINANCIAL ASSISTANCE POLICY, APPLICATION AND PLAIN LANGUAGE SUMMARY CAN BE ACCESSED AT: https://www.pennmedicine.org/for-patients-and-visitors/patient-information /insurance-and-billing/financial-assistance -------------------- PART VI, LINE 4 (COMMUNITY INFORMATION) UPHS IS SENSITIVE TO THE DISPARITY IN THE QUALITY OF HEALTH AND HEALTH CARE AMONG THE PEOPLE OF THE PHILADELPHIA AREA. IN NEIGHBORHOODS THROUGHOUT THE CITY, MANY RESIDENTS, OFTEN THE VERY YOUNG OR THE VERY OLD DO NOT HAVE ACCESS TO ADEQUATE CARE. THE QUALITY OF THEIR LIVES IS DIMINISHED BECAUSE THEY ARE UNABLE TO RECEIVE THE SERVICES AND SUPPORT THEY NEED. AWARE OF THE BARRIERS TO HEALTH CARE FACED BY OUR COMMUNITIES, WE USE OUR RESOURCES TO IMPROVE THE HEALTH AND WELLNESS AMONG THE UNDERSERVED. OUR MORAL IMPERATIVE IS TO LOOK, LISTEN, AND ACT IN WAYS THAT WILL MAKE A DIFFERENCE. IN COLLABORATION WITH OUR PHYSICIANS, NURSES, STUDENTS AND COMMUNITY PARTNERS, WE TAKE ACTION TO ENHANCE THE WELL-BEING OF THE NEIGHBORHOODS WE ALL SHARE. -------------------- PART VI, LINE 5 (INFORMATION REGARDING PROMOTION OF COMMUNITY HEALTH) DETAILS REGARDING THE VARIOUS COMMUNITY OUTREACH ACTIVITIES CONDUCTED BY UPHS DESIGNED TO PROMOTE COMMUNITY HEALTH IS INCLUDED IN OUR RESPONSE TO SCHEDULE H, PART VI, LINE 2, AS WELL AS IN FORM 990, PART III, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS. -------------------- PART VI, LINE 6 (AFFILIATED HEALTHCARE SYSTEM INFORMATION) THE MISSION OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM IS EXCELLENCE IN EDUCATION, RESEARCH, AND CLINICAL CARE. WE STRIVE TO ACHIEVE THESE GOALS BY HAVING THE BEST PEOPLE IN MEDICAL EDUCATION, HEALTH-RELATED RESEARCH, AND PATIENT CARE; MAKING USE OF KNOWLEDGE GAINED FROM NEARLY TWO AND A HALF CENTURIES OF LEARNING AND DISCOVERY AS PART OF A WORLD-CLASS UNIVERSITY; DELIVERING HIGH-QUALITY MEDICINE TO PATIENTS ACROSS A FULLY-INTEGRATED ACADEMIC HEALTH SYSTEM; AND FULFILLING A COMMITMENT TO IMPROVE THE HEALTH OF PEOPLE IN THE COMMUNITIES SERVED BY THE HEALTH SYSTEM AND AROUND THE WORLD. AS PART OF AN AFFILIATED HEALTHCARE SYSTEM, THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM CONSISTS OF CERTAIN OPERATING DIVISIONS OF THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") AND AFFILIATED ENTITIES, INCLUDING: - THE CHESTER COUNTY HOSPITAL ("CCH"), INCLUDES A 245 BED COMPLEX IN WEST CHESTER, PENNSYLVANIA, AND SATELLITE LOCATIONS IN EXTON, WEST GOSHEN, NEW GARDEN, JENNERSVILLE, AND KENNETT SQUARE, PENNSYLVANIA; - THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA ("HUP"), A 727 LICENSED BED QUATERNARY CARE HOSPITAL AND ACADEMIC MEDICAL CENTER LOCATED ON THE CAMPUS OF THE UNIVERSITY IN THE WEST PHILADELPHIA AREA OF PHILADELPHIA, PENNSYLVANIA; - PENN PRESBYTERIAN MEDICAL CENTER OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("PRESBYTERIAN"), A 317 LICENSED BED ACUTE CARE HOSPITAL LOCATED ADJACENT TO THE CAMPUS OF THE UNIVERSITY IN THE WEST PHILADELPHIA AREA OF PHILADELPHIA, PENNSYLVANIA; - PENNSYLVANIA HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("PENNSYLVANIA HOSPITAL"), A 550 LICENSED BED ACUTE CARE HOSPITAL LOCATED IN THE CENTER CITY AREA OF PHILADELPHIA, PENNSYLVANIA; - THE CLINICAL PRACTICES OF THE UNIVERSITY OF PENNSYLVANIA ("CPUP"), THE APPROVED FACULTY PRACTICE PLAN FOR THE CLINICAL PRACTICES OF MEMBERS OF THE MEDICAL FACULTY OF THE UNIVERSITY'S PERELMAN SCHOOL OF MEDICINE; - CLINICAL CARE ASSOCIATES OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("CCA"), A PRIMARY CARE PHYSICIAN NETWORK THAT INCLUDES LOCATIONS IN SOUTHEASTERN PENNSYLVANIA AND SOUTHERN NEW JERSRY THROUGH ITS NEW JERSEY AFFILIATE; - LANCASTER GENERAL HEALTH ("LGH") AND ITS AFFILIATES. LGH OPERATES THREE HOSPITALS IN SOUTH CENTRAL PENNSYLVANIA, INCLUDING LANCASTER GENERAL HOSPITAL, A 533-BED GENERAL ACUTE CARE HOSPITAL, WOMEN & BABIES HOSPITAL, A 98-BED FACILITY SPECIALIZING IN WOMEN'S HEALTH AND MATERNITY SERVICES, AND LANCASTER REHABILITATION HOSPITAL, A 59-BED REHABILITATION HOSPITAL, AS WELL AS 14 OUTPATIENT CENTERS, THREE URGENT CARE SITES, AND A PHYSICIAN PRACTICE NETWORK WITH NEARLY 200 PRIMARY CARE AND SPECIALTY PRACTICES AT 40 PRACTICE SITES; AND - WISSAHICKON HOSPICE, A HOSPICE CARE FACILITY SERVING THE TERMINALLY ILL, LOCATED IN BALA CYNWYD, PENNSYLVANIA. - EFFECTIVE JANUARY 1, 2018, THE UNIVERSITY AND PRINCETON HEALTHCARE SYSTEM HOLDINGS, INC. ("HOLDING") ENTERED INTO AN AFFILIATION AGREEMENT WHEREBY THE UNIVERSITY BECAME THE SOLE CORPORATE MEMBER OF HOLDING AND ITS AFFILIATES. HOLDING'S AFFILIATES INCLUDE A COMPREHENSIVE HEALTHCARE PROVIDER LOCATED IN CENTRAL NEW JERSEY THAT PRINCIPALLY INCLUDES THE MEDICAL CENTER OF PRINCETON, A GENERAL ACUTE CARE HOSPITAL FACILITY IN PLAINSBORO, NEW JERSEY, WITH 319 INPATIENT BEDS (PLUS 24 NEWBORN BASSINETS), AND PRINCETON HOUSE BEHAVIORAL HEALTH, WHICH INCLUDES A 110 BED INPATIENT FACILITY IN PRINCETON, NEW JERSEY, AND FOUR ADDITIONAL OUTPATIENT LOCATIONS. PHCS INCLUDES APPROXIMATELY 1,200 PHYSICIANS ON STAFF AND EMPLOYS APPROXIMATELY 3,200 PEOPLE. -------------------- PART VI, LINE 7 (STATE FILING OF COMMUNITY BENEFIT REPORT) N/A true UNIVERSITY CITY DISTRICT 3940 CHESTNUT ST PHILADELPHIA PA 19104 232913784 501(C)(3) 3664741 FMV N/A GRANT SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD ST PHILADELPHIA PA 19130 236004102 GOV'T ORG 861336 FMV N/A GRANT MEDICAL UNIVERSITY OF SOUTH CAROLINA 171 ASHLEY AVE STE 305 MSC 406 CHARLESTON SC 29425 576000722 STATE AGENCY 10000 FMV N/A SPONSORSHIP 2 1 FINANCIAL AID TO UNDERGRADUATE STUDENTS 6400 223566922 N/A N/A FINANCIAL AID TO GRADUATE STUDENTS 8843 222728205 N/A N/A STUDENT PRIZES AND AWARDS 1610 5097609 N/A N/A SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING GRANTS THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA'S ("PENN") OFFICE OF RESEARCH SERVICES IS RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS PURSUANT TO ESTABLISHED POLICES AND PROTOCOL. THESE POLICIES COVER GRANTS MADE BOTH WITHIN AND OUTSIDE THE U.S. -------------------- TO PROMOTE INCLUSION AND INCREASED ACCESS, PENN PROVIDES GRANT-BASED UNDERGRADUATE FINANCIAL AID PACKAGES AND ADHERES TO A NEED-BLIND ADMISSION POLICY, IN WHICH ADMISSION DECISIONS ARE NOT AFFECTED BY A STUDENTS ABILITY TO PAY OR APPLICATION FOR FINANCIAL AID. THIS POLICY PROVIDES FINANCIAL AID TO ELIGIBLE STUDENTS IN THE FORM OF DIRECT GRANTS AND EMPLOYMENT DURING THE ACADEMIC YEAR. STUDENTS MAY STILL BORROW AT THEIR DISCRETION TO SUPPLEMENT THEIR AID PACKAGES. AN UNDERGRADUATE STUDENT MAY ALSO BE ELIGIBLE FOR FACULTY/STAFF TUITION REMISSION AS A RESULT OF A PARENT BEING ELIGIBLE TO RECEIVE THIS BENEFIT AS A CONDITION OF THEIR EMPLOYMENT. GRADUATE/PROFESSIONAL FINANCIAL AID CAN BE AWARDED BASED ON FINANCIAL NEED, SERVICE (TEACHING ASSISTANTSHIPS AND FELLOWSHIPS, RESEARCH ASSISTANTSHIPS AND FELLOWSHIPS) OR OTHER CRITERIA SUCH AS MERIT/ACADEMICS. PHD STUDENTS GENERALLY RECEIVE MULTI-YEAR AWARDS COVERING THEIR FULL EDUCATIONAL COSTS. A GRADUATE/PROFESSIONAL STUDENT MAY ALSO BE ELIGIBLE FOR FACULTY/STAFF BENEFIT AS DESCRIBED ABOVE. ----------------------------------------- SCHEDULE I, PART II DETAIL OF SUB-CONTRACTS IN FURTHERANCE OF ITS RESEARCH ACTIVITIES, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA MAKES SUB-AWARDS TO OTHER INSTITUTIONS THAT PERFORM RESEARCH IN CONNECTION WITH RESEARCH GRANTS AWARDED TO THE UNIVERSITY. THE UNIVERSITY DOES NOT CATEGORIZE THESE SUB-AWARDS AS "GRANTS AND ASSISTANCE" FOR FORM 990 REPORTING, SINCE THE RECIPIENT ORGANIZATIONS PERFORM RESEARCH SERVICES FOR THE UNIVERSITY AND ARE CONSIDERED INDEPENDENT CONTRACTORS WHICH SERVE THE DIRECT NEEDS OF THE UNIVERSITY. DURING THE YEAR ENDED JUNE 30, 2018, THE UNIVERSITY OF PENNSYLVANIA MADE SUB-AWARD PAYMENTS TO 327 RECIPIENTS TOTALING $115,558,159. X X X X X X true true X X X X X false true false false false false false true false CRAIG CARNAROLI EXECUTIVE VICE PRESIDENT 911754 0 179200 0 690 0 660400 0 28519 0 1780563 0 0 0 JEFFREY COOPER VP GOVT & COMMUNITY RELATIONS 352418 0 69400 0 12045 0 24300 0 25685 0 483848 0 0 0 BONNIE GIBSON THRU 6302017 FMR VP BUDGET & MGMT ANALYSIS 178636 0 77000 0 34172 0 22027 0 10767 0 322602 0 0 0 JOHN HEUER VP HUMAN RESOURCES 397809 0 79000 0 1290 0 36135 0 46859 0 561093 0 0 0 JOHN HORN COMPTROLLER 287115 0 41000 0 1539 0 26550 0 8191 0 364395 0 0 0 LARRY JAMESON EXEC. VP UPHS & DEAN OF PSOM 1704328 0 834562 0 7380 0 877760 0 48290 0 3472320 0 0 0 LESLIE KRUHLY VP AND SECRETARY 338858 0 64000 0 10760 0 24300 0 18165 0 456083 0 0 0 TREVOR LEWIS AS OF 712017 VP BUDGET AND MGMT ANALYSIS 328548 0 10000 0 570 0 30510 0 27227 0 396855 0 0 0 STEPHEN J MACCARTHY VP COMMUNICATIONS 374647 0 77000 0 28940 0 34740 0 35744 0 551071 0 26960 0 MARYFRANCES MCCOURT VP FIN. & TREASURER 464331 0 147000 0 1390 0 42750 0 38564 0 694035 0 0 0 JOANN MITCHELL SVP INSTITUTIONAL AFFAIRS 413420 0 108400 0 1635 0 37800 0 19672 0 580927 0 0 0 THOMAS MURPHY VP INFO SYSTEMS AND COMPUTING 458531 0 90000 0 44787 0 42188 0 65459 0 700965 0 43997 0 ANNE PAPAGEORGE VP FACILITIES AND REAL ESTATE 435691 0 86000 0 1290 0 39667 0 16965 0 579613 0 0 0 VINCENT PRICE THRU 6302017 FMR PROVOST 485603 0 220500 0 1635 0 24300 0 17223 0 749261 0 0 0 WENDELL PRITCHETT PROVOST-AS OF 7/1/2017 455243 0 55000 0 8845 0 41445 0 45182 0 605715 0 0 0 GREGORY ROST SVP & CHIEF OF STAFF 591028 0 148500 0 1290 0 58455 0 70712 0 869985 0 0 0 MAUREEN RUSH VP PUBLIC SAFETY 315889 0 66500 0 1980 0 29070 0 32620 0 446059 0 0 0 WENDY WHITE SVP & GENERAL COUNSEL 689772 0 173700 0 42195 0 24300 0 23331 0 953298 0 0 0 MARIE WITT VP BUSINESS SERVICES 338470 0 68000 0 1290 0 31140 0 19397 0 458297 0 0 0 JOHN ZELLER SVP DEVELOPMENT & ALUMNI RLTNS 655899 0 160700 0 72111 0 24300 0 27540 0 940550 0 32751 0 PETER AMMON CHIEF INVESTMENT OFFICER 850478 0 1803421 0 285 0 957600 0 13623 0 3625407 0 790056 0 THOMAS E BEEMAN PHD COO REGIONAL OPERATIONS UPHS 1030311 0 471240 0 25482 0 204004 0 17345 0 1748382 0 0 0 DAWN BONNELL VICE PROVOST FOR RESEARCH 478872 0 0 0 1980 0 24300 0 10910 0 516062 0 0 0 REGINA CUNNINGHAM CEO HUP 612490 0 324867 0 0 0 61502 0 17324 0 1016183 0 33445 0 JON EPSTEIN V. DEAN, PSOM 647068 0 321559 0 7559 0 24300 0 19025 0 1019511 0 0 0 ELIZABETH B JOHNSTON EXECUTIVE DIRECTOR CPUP 642387 0 298729 0 167858 0 124601 0 9541 0 1243116 0 137138 0 KEITH KASPER CFO, UPHS 746155 0 353631 0 182488 0 147501 0 28857 0 1458632 0 141829 0 KEVIN MAHONEY EVP,PROG DEV&EXEC VICE DEAN 1141636 0 406298 0 213094 0 158001 0 18455 0 1937484 0 167904 0 CHRISTOPHER MASOTTI VICE DEAN ADMIN PSOM 404764 0 108768 0 3950 0 24300 0 32042 0 573824 0 0 0 RALPH MULLER CEO, UPHS 1659654 0 784318 0 33792 0 490715 0 12739 0 2981218 0 0 0 PHILLIP OKALA COO PHILADELPHIA OPERATIONS 826182 0 359331 0 106316 0 132801 0 25524 0 1450154 0 85506 0 PETER D QUINN MD DMD SVP,VICE DEAN,PROF SERV UPHS 934772 0 627179 0 9995 0 24300 0 18773 0 1615019 0 184600 0 BETH A WINKELSTEIN VICE PROVOST FOR EDUCATION 368746 0 0 0 375 0 24300 0 9229 0 402650 0 0 0 MICHAEL SEAN GRADY MD SURGEON - OTORHINOLARYNGOLOGY 1430661 0 581565 0 11497 0 34521 0 24256 0 2082500 0 0 0 THOMAS L SPRAY MD CHOP - SURGEON 1545024 0 0 0 446084 0 24300 0 14428 0 2029836 0 0 0 DAVID G NAZARIAN MD CPUP ORTHOPAEDIC SURGEON 1609594 0 0 0 242111 0 34521 0 21972 0 1908198 0 0 0 WILLIAM C WELCH MD CPUP - NEUROSURGERY 1464012 0 0 0 251709 0 34521 0 23453 0 1773695 0 0 0 PAUL J MARCOTTE MD CPUP - NEUROSURGERY 1412592 0 0 0 291252 0 34521 0 7947 0 1746312 0 0 0 DR AMY GUTMANN PRESIDENT, EX-OFFICIO TRUSTEE 1369096 0 1155590 0 350152 0 686500 0 55477 0 3616815 0 0 0 SCHEDULE J, PART I, LINE 1A DETAIL OF ADDITIONAL BENEFITS PROVIDED FIRST CLASS OR CHARTER TRAVEL THE MODE OF AIR TRAVEL UTILIZED BY UNIVERSITY EMPLOYEES IS EXPECTED TO BE THE LEAST COSTLY OPTION, CONSISTENT WITH THE ITINERARY AND PARTICULAR UNIVERSITY BUSINESS PURPOSE INVOLVED. ON FEDERALLY FUNDED PROJECTS, COMPLIANCE WITH THE FLY AMERICA ACT TAKES PRECEDENCE OVER CHOOSING A LESS EXPENSIVE FOREIGN CARRIER. IN CERTAIN LIMITED CIRCUMSTANCES, CERTAIN INDIVIDUALS MAY TRAVEL FIRST CLASS. ANY FIRST CLASS EXCEPTIONS TO THE UNIVERSITY'S POLICY ARE SUBJECT TO APPROPRIATE REVIEW AND APPROVAL. TRAVEL FOR COMPANIONS TRAVEL EXPENSES OF A SPOUSE (OR DEPENDENT) MAY BE PROVIDED BY THE UNIVERSITY AS A REGULAR BUSINESS EXPENSE ONLY IF THE TRAVEL SERVES A "BONA FIDE BUSINESS PURPOSE" OF THE UNIVERSITY. FURTHER, TRAVEL EXPENSES FOR SPOUSES AND DEPENDENTS ARE ALLOWABLE DURING THE INTERVIEW PROCESS PRIOR TO AN EMPLOYMENT OFFER, SINCE EMPLOYMENT IS CONSIDERED A FAMILY DECISION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS THE UNIVERSITY MAY PROVIDE TAX GROSS-UP PAYMENTS UNDER CERTAIN CIRCUMSTANCES WITH APPROPRIATE APPROVAL. THE UNIVERSITY DOES NOT GENERALLY PROVIDE TAX INDEMNIFICATIONS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE/HEALTH OR SOCIAL CLUB DUES/PERSONAL SERVICES AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE IN A HOME ON THE UNIVERSITY'S CAMPUS WHICH IS FURNISHED AND MAINTAINED AT THE UNIVERSITY'S EXPENSE. THE UNIVERSITY ALSO PROVIDES A HEALTH/SOCIAL CLUB MEMBERSHIP, TO BE USED BY THE PRESIDENT IN CONNECTION WITH HER DUTIES. THE PRESIDENT IS RESPONSIBLE FOR ANY PERSONAL USE OF THE CLUB MEMBERSHIP, HOUSEHOLD STAFF OR OTHER PERSONAL EXPENSES INCURRED. -------------------- SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPATION THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR SENIOR ADMINISTRATORS AND DEANS OF THE UNIVERSITY AS DESIGNATED BY THE BOARD OF TRUSTEES WHO HAVE MADE THE 5% EMPLOYEE CONTRIBUTION TO THE UNIVERSITY'S 403(B) PLAN, HAVE UNIVERSITY COMPENSATION OVER CERTAIN IRS PROSCRIBED THRESHOLDS, AND ARE ACTIVELY EMPLOYED BY THE UNIVERSITY WHEN THE CONTRIBUTION IS MADE. VESTING IN THE SERP OCCURS AFTER EACH THREE YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE A "PARTIAL" DISTRIBUTION WHICH WILL BE WITHHELD TO SATISFY THE TAX CONSEQUENCES OF VESTING. THE BALANCE OF VESTED SERP ACCOUNT WILL REMAIN IN THE PLAN AND WILL BE DISTRIBUTED (PLUS OR MINUS INVESTMENT EARNINGS/LOSSES) UPON TERMINATION OF EMPLOYMENT. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE UNIVERSITY SERP PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: AMMON, PETER- NO DISTRIBUTION COOPER, JEFFREY- $8,235 HEUER, JOHN- NO DISTRIBUTION HORN, JOHN- NO DISTRIBUTION KRUHLY, LESLIE- $6,750 LEWIS, TREVOR- NO DISTRIBUTION MACCARTHY, STEPHEN J.- $26,960 MCCOURT, MARYFRANCES- NO DISTRIBUTION MITCHELL, JOANN- NO DISTRIBUTION MURPHY, THOMAS- $43,997 PAPAGEORGE, ANNE- NO DISTRIBUTION PRITCHETT, WENDELL- NO DISTRIBUTION QUINN, PETER- NO DISTRIBUTION ROST, GREGORY- NO DISTRIBUTION RUSH, MAUREEN- NO DISTRIBUTION WHITE, WENDY- $38,385 WITT, MARIE- NO DISTRIBUTION ZELLER, JOHN- $68,301 IN ADDITION, THE FOLLOWING INDIVIDUAL LISTED ON FORM 990, PART VII, SECTION A, LINE 1A HAS A VESTED BALANCE IN THE SERP WHICH WILL BE RECEIVED UPON SEPARATION: CARNAROLI, CRAIG -------------------- THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ALSO MAINTAINS ADDITIONAL DISCRETIONARY SUPPLEMENT EXECUTIVE RETIREMENT PLANS FOR SENIOR EXECUTIVES AS A RETENTION TO THEIR COMMITMENT TO THE UNIVERSITY OF PENNSYLVANIA. CONTRIBUTIONS ARE MADE ANNUALLY AT THE SOLE DISCRETION OF THE UNIVERSITY AS LONG AS THE INDIVIDUAL IS AN ACTIVE EMPLOYEE. VESTING IN THESE ACCOUNTS OCCURS AFTER EACH THREE YEAR PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE THE BALANCE OF THE VESTED SERP ACCOUNT (PLUS OR MINUS INVESTMENT EARNINGS/LOSSES). PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE ADDITIONAL DISCRETIONARY SUPPLEMENT EXECUTIVE RETIREMENT PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: CARNAROLI, CRAIG NO DISTRIBUTION JAMESON, J. LARRY NO DISTRIBUTION -------------------- THE UNIVERSITY MAINTAINS AN INTERNAL REVENUE CODE SECTION 457(F) NONQUALIFIED DEFERRED RETIREMENT PLAN DESIGNED FOR SENIOR ADMINISTRATORS OF THE UNIVERSITY AS DESIGNATED BY THE BOARD OF TRUSTEES. THE FOLLOWING INDIVIDUAL LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE PLAN DURING THE YEAR AND RECEIVED EMPLOYER PAID AMOUNTS: PRICE, VINCENT - $142,732 -------------------- THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (THE "HEALTH SYSTEM") MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR SENIOR ADMINISTRATORS OF THE HEALTH SYSTEM, AS DESIGNATED BY THE BOARD OF TRUSTEES, WHO ARE ACTIVELY EMPLOYED BY THE HEALTH SYSTEM WHEN THE CONTRIBUTIONS ARE MADE. VESTING IN THE SERP OCCURS AFTER EACH THREE YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE A FULL DISTRIBUTION WHICH IS TAXABLE AS EARNED INCOME. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE HEALTH SYSTEM SERP PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: BEEMAN, THOMAS E.- NO DISTRIBUTION CUNNINGHAM, REGINA- $33,445 JOHNSTON, ELIZABETH B.- $137,138 KASPER, KEITH- $141,829 MAHONEY, KEVIN- $167,904 MULLER, RALPH- NO DISTRIBUTION OKALA, PHILIP- $85,506 -------------------- THE HEALTH SYSTEM ALSO MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DESIGNED FOR SENIOR FACULTY OF THE SCHOOL OF MEDICINE OF THE UNIVERSITY, AS DESIGNATED BY THE BOARD OF TRUSTEES, WHO ARE ACTIVELY EMPLOYED BY THE UNIVRESITY WHEN THE CONTRIBUTIONS ARE MADE (THE "MED SERP"). VESTING IN THE MED SERP OCCURS AFTER EVERY TEN YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 60, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 60 (WITH 2 OR MORE YEARS OF PARTICIPATION) WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, TAXES OWED WILL BE WITHDRAWN FROM THE PLAN, AND THE REMAINING AFTER-TAX BALANCE WILL REMAIN IN THE PLAN. PARTICIPANTS WILL AUTOMATICALLY RECEIVE A FULL DISTRIBUTION THE SUMMER AFTER THE YEAR IN WHICH THEY TERMINATE EMPLOYMENT, AT WHICH TIME ANY EARNINGS NOT YET TAXED WILL BE TREATED AS TAXABLE INCOME. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE NON-VESTED BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE MED SERP PLAN DURING THE YEAR: GRADY, MICHAEL SEAN, MD- NO DISTRIBUTION SPRAY, THOMAS L., MD- NO DISTRIBUTION NAZARIAN, DAVID G., MD- NO DISTRIBUTION WELCH, WILLIAM C.- NO DISTRIBUTION MARCOTTE, PAUL J., MD- NO DISTRIBUTION -------------------- LANCASTER GENERAL HEALTH IS AN AFFILIATE OF THE UNIVERSITY. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE LANCASTER GENERAL HEALTH SERP PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: BEEMAN, THOMAS E.- NO DISTRIBUTION -------------------- SCHEDULE J, PART I, LINE 7 PROVISION OF NON-FIXED PAYMENTS THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PROVIDES DISCRETIONARY BONUS AND/OR INCENTIVE COMPENSATION PAYMENTS TO ELIGIBLE EMPLOYEES. PAYMENTS MADE TO ANY DISQUALIFIED PERSON, AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 4958, ARE APPROVED BY THE COMPENSATION COMMITTEE THROUGH THE PROCESS DESCRIBED IN FORM 990, PART VI, SECTION B, LINE 15. -------------------- SCHEDULE J, PART II ADDITIONAL DETAIL REGARDING COMPENSATION REPORTED THOMAS L. SPRAY, MD HOLDS AN ACADEMIC APPOINTMENT AT THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") WHILE PERFORMING HIS CLINICAL PRACTICE DUTIES AT A NEARBY, UNRELATED, THIRD PARTY, CHILDREN'S HOSPITAL (THE "THIRD PARTY HOSPITAL"). FOR ADMINISTRATIVE SIMPLICITY PURPOSES, THE UNIVERSITY PROVIDES THE PAYROLL FUNCTION FOR BOTH PORTION'S OF THIS PHYSICIAN'S SALARY. THE THIRD PARTY HOSPITAL THEN REIMBURSES THE UNIVERSITY FOR THE CLINICAL PORTION OF THE PHYSICIAN'S SALARY. A PA HIGHER ED FACILITIES AUTHORITY- SERIES B 2009 222243852 70917RUS2 2009-03-16 44226561 REFUND 2008A (REFUNDING 2002B) true false false B PA HIGHER ED FACILITIES AUTHORITY- SERIES C 2009 222243852 70917RUS2 2009-03-16 31057669 PARTIAL REFUND OF 1998 BONDS true false false C PA HIGHER ED FACILITIES AUTHORITY- SERIES OF 2010 222243852 70917RP33 2010-10-13 77125325 COMPLETE REFUND OF 1998 BONDS true false false D PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2011 222243852 70917RS30 2011-03-02 150994928 CONSTRUCTION/RENOVATION PROJECTS true false false A 37575561 22389142 44226561 0 0 0 327620 0 0 0 43898941 0 2002 true false true true B 22976669 14135234 31057669 0 0 0 224995 0 0 0 30832674 0 1998 true false true true C 59326325 58002504 77125325 0 0 0 547309 0 0 0 76578016 0 1998 true false true true D 139824928 146901810 151000014 0 0 0 815635 0 0 150184379 0 0 2011 false false true true A 0 B 0 C 0 D false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true TAX-EXEMPT BONDS- DESCRIPTION OF BOND ISSUES: ALLOCATION OF PROCEEDS FORM 990, SCHEDULE K, PART I A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES C OF 2016 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852) AND PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A&B OF 2016 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $14,839,002 FOR PRESBYTERIAN MEDICAL CENTER AND $14,839,004 FOR PENNSYLVANIA HOSPITAL OF UPHS AS OF JUNE 30, 2018. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A&B OF 2016 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), AND LANCASTER GENERAL HOSPITAL (EIN 23-1365353), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A&B OF 2016 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $3,165,597 FOR PRESBYTERIAN MEDICAL CENTER, $37,508,652 FOR PENNSYLVANIA HOSPITAL, AND $184,084,000 FOR LANCASTER GENERAL HOSPITAL AS OF JUNE 30, 2018. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A OF 2015 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A OF 2015 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $70,650,478 FOR PRESBYTERIAN MEDICAL CENTER AS OF JUNE 30, 2018. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A OF 2014 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), AND TO CHESTER COUNTY HOSPITAL (EIN 23-0469150), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A OF 2014 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $4,000,000 FOR PENNSYLVANIA HOSPITAL, $15,000,000 FOR PRESBYTERIAN MEDICAL CENTER, AND $50,000,000 FOR CHESTER COUNTY HOSPITAL AS OF JUNE 30, 2018. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2012 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725) AND TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE UPHS SERIES A 2012 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE WAS $29,056,951 FOR PENNSYLVANIA HOSPITAL AND $21,792,713 FOR PRESBYTERIAN MEDICAL CENTER AS OF JUNE 30, 2018. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY-UPHS SERIES A OF 2008 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A OF 2008 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUTSTANDING BALANCE FOR PENNSYLVANIA HOSPITAL WAS $15,483,147 AS OF JUNE 30, 2018. -------------------- TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PROCEEDS OF ISSUES FORM 990, SCHEDULE K, PART II, LINE 3 FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2011, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $5,086 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES AB 2015, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $3,049,685 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $2,795,637 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2012, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $27,570 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES OF 2015, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $1,462,783 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A&B 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $3,852,873 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES C 2016, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $116,240 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES C 2017, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $1,469,546 IN TOTAL INVESTMENT EARNINGS. ------------------ TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PRIVATE BUSINESS USE PERCENTAGES FORM 990, SCHEDULE K, PART III FOR THE PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2017, SERIES A 2011, UPHS SERIES A OF 2017, UPHS SERIES C OF 2016, UPHS SERIES A&B OF 2016 (NEW-MONEY PORTION ONLY), UPHS SERIES OF 2015 (NEW-MONEY PORTION ONLY), UPHS SERIES A OF 2014, UPHS SERIES A OF 2012, AND UPHS SERIES A OF 2008, THE UNIVERSITY HAS SPECIFICALLY ALLOCATED EQUITY TO ALL SOURCES OF PRIVATE BUSINESS USE, WITH THE EXCEPTION OF ISSUANCE COSTS, WITHIN THE REQUIRED TIME FRAME. AS SUCH, THE UNIVERSITY HAS REPORTED NO PRIVATE BUSINESS USE FOR THESE BOND PROCEEDS ON FORM 990, SCHEDULE K, PART III, LINES 4 AND 5. ------------------ TAX-EXEMPT BONDS- SCHEDULE K, PART I, SET#3, COLUMN (D)- ROW A CUSIP # PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2014 WAS NOT ASSIGNED A BOND CUSIP#. A PA HIGHER ED FACILITIES AUTHORITY- SERIES AB 2015 222243852 70917SPV9 2015-04-16 423474654 REFUND2005A,C;2009A,B,C;2010;2011A false false false B PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2016 222243852 70917SWG4 2016-04-28 187067793 ADVANCE REFUNDING OF MULT. BONDS false false false C PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2017 222243852 70917SD59 2017-01-19 200857522 RENOVATIONS OF VARIOUS BLDGS false false false D WASHINGTON COUNTY AUTHORITY- SERIES OF 2004 222243852 938591BF0 2004-05-27 62500000 REDEEM 1985 BONDS false false false A 22762654 0 426524339 0 0 288082287 0 0 0 0 138442052 0 2015 true true true true B 3092793 0 189863430 0 0 169648275 1203670 0 0 0 19011485 0 2016 false true true true C 1592522 0 200857522 0 0 0 857522 0 0 0 200000000 0 2017 false false true true D 9100000 0 62500000 0 0 0 465649 0 0 0 62034351 0 2004 true false true true A false true true true false 0.00001 0.00022 0.00023 false false 0.00000 false true B false true false true true 0.00133 0.00529 0.00662 false false 0.00000 false true C false false false false 0 false false false true D 0 A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true true false 0 false 0 false true A true B true C true D true A PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2008 222243852 70917RPY5 2008-04-16 105805000 REFUND PHX 2002; CAPITAL PROJECT false false false B PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2008 222243852 70917RTN5 2008-11-05 198316551 REFUND UPHS SERIES C&D 2005 true false false C PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2012 222243852 70917R5B7 2012-05-02 149995567 EXPANSION/FACILITY ENHANCEMENT false false false D PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2014 222243852 XXXXXXXXX 2014-06-12 100000000 VARIOUS CAPITAL PROJECTS false false false A 35810000 0 105805000 0 0 0 786485 79656 0 0 81538099 23400760 2009 true false true true B 146331210 99427295 198316551 0 0 0 2241551 0 0 0 196075000 0 2005 true false true true C 4120814 0 150023137 0 0 0 1006804 0 0 0 149016333 0 2013 false false true true D 0 0 100000000 0 0 0 400175 0 0 99599825 0 0 2014 false false true true A false false false false 0 false false false true B false true true true true true 0.00053 0.00015 0.00068 false false 0.00000 false true C false false false false 0 false false false true D false false false false 0 false false false true A false true true false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true true false 0 false 0 false true A true B true C true D true A PA HIGHER ED FACILITIES ATHRTY-UPHS SERIES OF 2015 222243852 70917SSJ3 2015-07-19 398010258 ADV/CUR REFUND; VAR CAP PROJECTS false false false B PA HIGHER ED FACILITIES-UPHS SERIES AB 2016 222243852 514045M75 2016-04-07 346410442 ADV. REFUND; VARIOUS CAP. PROJECTS false false false C PA HIGHER ED FACILITIES ATHRTY-UPHS SERIES C 2016 222243852 70917SYU1 2017-01-17 151191978 ADV. REFUNDING OF UPHS 2011A false false false D PA HIGHER ED FACILITIES- UPHS SERIES A 2017 222243852 70917SS87 2017-12-13 443182248 BUILDING AND STRUCTURES false false false A 71168515 0 399473041 0 0 99427295 2275487 0 0 150000000 147770259 0 2015 true true true true B 17456486 0 350263315 0 0 137706477 2769452 0 0 147000000 62787386 2956 false true false true C 2516960 0 151308218 0 0 136314425 1186723 0 0 0 13807070 0 2016 false true true true D 429738 0 444651794 0 0 0 2341079 0 0 301867554 0 140443161 false false false true A false true true true true true 0.00216 0.00015 0.00231 false false 0.00000 false true B false true false false 0.00021 0.00000 0.00022 false false 0.00000 false true C false false false false 0 false false false true D false false false false 0 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true true false 0 false 0 false true A true B true C true D true DR AMY GUTMANN PRESIDENT RETENTION/RECRUITMNT X 1250000 508025 false true true GEOFFREY M GARRETT DEAN RETENTION/RECRUITMNT X 150000 83930 false true true PAM GROSSMAN DEAN RETENTION/RECRUITMNT X 150000 91667 false true true R VIJAY KUMAR DEAN RETENTION/RECRUITMNT X 500000 500000 false true true ANTONIA M VILLARUEL DEAN RETENTION/RECRUITMNT X 150000 87500 false true true 1271122 SCHEDULE L, PART III GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS CERTAIN OFFICERS AND/OR KEY EMPLOYEES OF THE UNIVERSITY MAY RECEIVE TUITION ASSISTANCE FROM THE ORGANIZATION. THE AMOUNT OF SUCH ASSISTANCE HAS BEEN ACCOUNTED FOR AS A COMPONENT OF OVERALL COMPENSATION REPORTED FOR EACH APPLICABLE OFFICER/KEY EMPLOYEE ON FORM 990, PART VII. AS A RESULT, PURSUANT TO THE FORM 990, SCHEDULE L INSTRUCTIONS, SUCH AMOUNTS HAVE NOT BEEN ALSO REPORTED ON SCHEDULE L, PART III. -------------------- SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS DURING THE NORMAL COURSE OF ITS OPERATIONS AND AFTER APPROPRIATE REVIEW, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") MAY OCCASIONALLY TRANSACT BUSINESS WITH PERSONS AND/OR ORGANIZATIONS DESCRIBED ON FORM 990, PART IV, LINE 28. IN THIS REGARD, THE UNIVERSITY ADHERES TO A CONFLICT OF INTEREST POLICY AND ANY SUCH TRANSACTIONS ARE CONDUCTED AT AN ARMS-LENGTH BASIS. FOR THE YEAR ENDED JUNE 30, 2018, NO TRANSACTIONS WERE IDENTIFIED THAT WERE REQUIRED TO BE DISCLOSED ON FORM 990, SCHEDULE L, PART IV. -------------------- X 31 951929 FAIR MARKET VALUE X 603646 FAIR MARKET VALUE X 854 20267132 FAIR MARKET VALUE X DONATED EQUIPMENT 14 1688494 FAIR MARKET VALUE X OTHER GIFTS IN KIND 38 25066728 FAIR MARKET VALUE false true true SCHEDULE M,PART I, LINE 32B UTILIZATION OF THIRD PARTIES FOR SALES IN RARE INSTANCES WHERE NON-RARE, DUPLICATE, DONATIONS OF ART, HISTORICAL ASSETS OR OTHER SIMILAR ASSETS ARE RECEIVED, SUCH ITEMS MAY BE SENT TO A NON-PROFIT VENDOR FOR RESALE. THE UNIVERSITY THEN RECEIVES A PORTION OF THE SALES PRICE. THE TOTAL ACTIVITY WITH THIS VENDOR TYPICALLY GENERATES LESS THAN $2,000 PER YEAR. FORM 990, HEADER, ITEM B AMENDED FORM 990 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA IS AMENDING ITS JUNE 30, 2018 FORM 990 FILING IN ORDER TO REPORT COMPENSATION THAT WAS PREVIOUSLY REPORTED AS DEFERRED ON A PRIOR YEAR FORM 990. SUCH INFORMATION WAS INADVERTENTLY NOT INCLUDED ON THE JUNE 30, 2018 FORM 990, SCHEDULE J, PART II, COLUMN (F), AS ORIGINALLY FILED, FOR CERTAIN INDIVIDUALS LISTED. -------------------- FORM 990, PART IV, LINE 28 & FORM 990, SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS DURING THE NORMAL COURSE OF ITS OPERATIONS AND AFTER APPROPRIATE REVIEW, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") MAY OCCASIONALLY TRANSACT BUSINESS WITH PERSONS AND/OR ORGANIZATIONS DESCRIBED ON FORM 990, PART IV, LINE 28. IN THIS REGARD, THE UNIVERSITY ADHERES TO A CONFLICT OF INTEREST POLICY AND ANY SUCH TRANSACTIONS ARE CONDUCTED AT AN ARMS-LENGTH BASIS. FOR THE YEAR ENDED JUNE 30, 2018, NO TRANSACTIONS WERE IDENTIFIED THAT WERE REQUIRED TO BE DISCLOSED ON FORM 990, SCHEDULE L, PART IV. -------------------- FORM 990, PART VI, SECTION A, LINE 9 TRUSTEE WHO CANNOT BE REACHED AT THE ORGANIZATION'S ADDRESS TRUSTEE SARAH WILDER FULLER PASSED AWAY ON OCTOBER 29, 2017. -------------------- FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEW PROCESS THE FIRST DRAFT OF THE FEDERAL FORM 990 IS RECEIVED FROM OUR TAX CONSULTING FIRM, PRICEWATERHOUSECOOPERS LLP ("PWC"), ON APPROXIMATELY MARCH 15TH OF THE FILING YEAR AND REVIEWED BY THE ASSOCIATE COMPTROLLER. THE FORM 990 IS THEN DISTRIBUTED TO VARIOUS SENIOR FINANCIAL MANAGEMENT OFFICIALS, INCLUDING THE COMPTROLLER, CFO OF THE HEALTH SYSTEM, AND VICE PRESIDENT FOR FINANCE AND TREASURER PRIOR TO MEETING WITH PWC AND THE ASSOCIATE COMPTROLLER TO DISCUSS AND FINALIZE THE FORM. A "FINAL" DRAFT COPY OF THE FEDERAL FORM 990 IS DISTRIBUTED ELECTRONICALLY TO THE AUDIT AND COMPLIANCE COMMITTEE PRIOR TO THE FILING DEADLINE. THE FINAL COPY OF THE FEDERAL FORM 990 IS POSTED TO THE TRUSTEES' WEB SITE FOR DISTRIBUTION AND REVIEW BY ALL TRUSTEES PRIOR TO THE ACTUAL FILING DEADLINE. -------------------- FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY EACH COVERED PERSON* ANNUALLY SHALL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE PROVIDED BY THE UNIVERSITY AND SHALL UPDATE SUCH QUESTIONNAIRE PROMPTLY AS NECESSARY TO REFLECT CHANGES DURING THE COURSE OF THE YEAR. FORMER BOARD MEMBERS WHO ARE NOT TRUSTEE EMERITI ARE ENCOURAGED BUT NOT REQUIRED TO COMPLETE THE QUESTIONNAIRE DURING THE FIVE-YEAR PERIOD FOLLOWING COMPLETION OF THEIR TERMS. COMPLETED QUESTIONNAIRES SHALL BE RETURNED TO THE OFFICE OF THE SECRETARY AND SHALL BE SUBJECT TO REVIEW BY SUCH OFFICE AND THE OFFICE OF THE GENERAL COUNSEL, AS WELL AS BY ANY OUTSIDE LEGAL COUNSEL AND/OR AUDITORS WHO MAY BE APPOINTED TO ADVISE THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES APPOINTED TO OVERSEE THIS POLICY. COMPLETED QUESTIONNAIRES ALSO SHALL BE AVAILABLE FOR INSPECTION BY ANY BOARD MEMBER. *COVERED PERSONS INCLUDE: (1) VOTING MEMBERS OF THE BOARD OF TRUSTEES (INCLUDING CHARTER TRUSTEES, TERM TRUSTEES, ALUMNI TRUSTEES, AND COMMONWEALTH TRUSTEES); (2) TRUSTEE EMERITI WHO HAVE SERVED IN THAT CAPACITY FOR FIVE YEARS OR LESS; (3) OTHER FORMER VOTING TRUSTEES FOR A PERIOD OF FIVE YEARS FROM THE END OF THEIR TERM AS SUCH; (4) OFFICERS AS DEFINED IN THE STATUTES; (5) MEMBERS OF THE INVESTMENT BOARD; AND (6) KEY EMPLOYEES. EACH COVERED PERSON (EXCEPT FORMER BOARD MEMBERS WHO ARE NOT TRUSTEE EMERITI) SHALL BE REQUIRED TO ACKNOWLEDGE, NOT LESS THAN ANNUALLY, THAT HE OR SHE HAS READ AND IS IN COMPLIANCE WITH THIS POLICY. -------------------- FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS THE MEMBERSHIP OF THE COMPENSATION COMMITTEE CONSISTS OF AT LEAST 5 DISINTERESTED, VOTING MEMBERS OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA. THE COMMITTEE HAS THE AUTHORITY AND RESPONSIBILITY BOTH FOR PROVIDING OVERSIGHT AND REVIEW OF THE EXECUTIVE COMPENSATION PROCESS, OVERSIGHT AND REVIEW OF THE ACTUAL COMPENSATION DECISIONS, AND FOR REVIEWING ACTUAL AND PERCEIVED CONFLICT OF INTEREST TRANSACTIONS INVOLVING TRUSTEES AND STATUTORY OFFICERS ACCORDING TO GUIDELINES ESTABLISHED BY THE UNIVERSITY'S CONFLICT-OF-INTEREST POLICY AS ADOPTED BY THE BOARD OF TRUSTEES. THE COMMITTEE ADOPTS AND IMPLEMENTS EXECUTIVE COMPENSATION PRINCIPLES, AND IS ACCOUNTABLE FOR THE COMPENSATION AND BENEFITS ARRANGEMENTS OF THE PRESIDENT AND HER DIRECT REPORTS, THE STATUTORY OFFICERS, SENIOR ACADEMIC OFFICIALS, DEANS, OTHER KEY EMPLOYEES, AND ALL THOSE INDIVIDUALS WHO ARE POTENTIALLY DISQUALIFIED PERSONS WITHIN THE MEANING OF THE INTERMEDIATE SANCTIONS LEGISLATION. THE COMMITTEE MAY PERIODICALLY REVIEW THE COMPENSATION AND BENEFITS OF OTHER HIGHLY COMPENSATED INDIVIDUALS, EVEN IF THEY ARE NOT DEEMED TO EXERCISE "SUBSTANTIAL INFLUENCE" OVER THE UNIVERSITY. THE COMPENSATION SUBCOMMITTEE (CREATED TO CONFORM TO CERTAIN PROCEDURES IN DOCUMENTING REASONABLE SALARIES FOR THE OFFICERS OF THE UNIVERSITY), MEETS AT LEAST TWICE A YEAR TO REVIEW APPROPRIATE DATA, INCLUDING COMPARABLE SALARIES, IN ORDER TO REPORT ITS CONCLUSIONS AND RECOMMENDATIONS ON OFFICERS' SALARIES FOR FINAL APPROVAL. THE COMPENSATION SUBCOMMITTEE ENGAGES AN INDEPENDENT THIRD PARTY TO SERVE AS A CONSULTANT. -------------------- FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABILITY TO THE PUBLIC GOVERNING DOCUMENTS - OFFICIAL RECORDS GENERATED OR RECEIVED BY THE ADMINISTRATIVE AND ACADEMIC OFFICES OF THE UNIVERSITY IN THE CONDUCT OF THEIR BUSINESS ARE THE PROPERTY OF THE UNIVERSITY AND MAY BECOME ARCHIVAL MATERIAL. THE ARCHIVED RECORDS ARE AVAILABLE THROUGH THE UNIVERSITY ARCHIVES AND RECORDS CENTER WEB SITE HTTP://WWW.ARCHIVES.UPENN.EDU UNDER UNIVERSITY RECORDS CENTER. FORM 1023 - SINCE THE UNIVERSITY HAS BEEN IN EXISTENCE SINCE 1740, THE ORGANIZATION WAS NOT REQUIRED TO FILE A FORM 1023 APPLICATION. INSTEAD, ITS IRC SECTION 501(C)(3) TAX-EXEMPT STATUS IS GRANDFATHERED BY THE IRS. CONFLICT OF INTEREST POLICIES - POLICIES, STATEMENTS, AND GUIDELINES ARE AVAILABLE TO THE PUBLIC ON THE OFFICE OF THE AUDIT, COMPLIANCE, AND PRIVACY WEB SITE AT HTTP://WWW.UPENN.EDU/OACP/ UNDER PRINCIPLES OF RESPONSIBLE CONDUCT. FINANCIAL STATEMENTS - THE UNIVERSITY'S ANNUAL REPORT IS PRODUCED BY THE OFFICE OF THE VICE PRESIDENT FOR FINANCE AND TREASURER IN CONJUNCTION WITH THE OFFICE OF THE COMPTROLLER AND INCLUDES THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS, SUMMARY OF ENDOWMENT PERFORMANCE, AND MESSAGES FROM EXECUTIVE MANAGEMENT. ANNUAL REPORTS ARE PUBLISHED AFTER THE CLOSE OF EACH FISCAL YEAR (JULY 1 TO JUNE 30) AND ARE AVAILABLE ON THE COMPTROLLER WEB SITE AT HTTP://WWW.FINANCE.UPENN.EDU/COMPTROLLER UNDER FINANCIAL REPORTS. -------------------- FORM 990, PART V, LINE 4(B) NAME OF FOREIGN COUNTRIES WHERE A FINANCIAL ACCOUNT IS HELD(CONTINUED) - TURKEY - UNITED KINGDOM -------------------- FORM 990, PART XI, LINE 9 DETAIL OF OTHER CHANGES IN NET ASSETS PENSION & OTHER POSTRETIREMENT PLAN ADJ. $161,643,000 ------------ TOTAL $161,643,000 -------------------- UNIV OF PENN (HK) FND LIMITED ROOM 8 7/F K WAH CENTRE JAVA RD HONG KONG HK 981062727 CHARITY HK -22964 1548866 TRUSTEES UNIV OF PENN USA FOUNDATION LTD 19 NORCOTT ROAD LONDON ENGLAND UK N167EJ 980387770 CHARITY UK -1992434 754035 TRUSTEES ABRAMSON INSTITUTE 1086 PENLLYN BLUE BELL PIKE BLUE BELL PA 19422 232929823 MED RESEARCH PA 501(c)(3) 4 NA false CARL V S PATTERSON 19 UN OF PA C/O PNC BANK 620 LIBERTY AVE 10FL PITTSBURGH PA 15222 236415355 SUPPORT TRUST PA 4947(A)(1) N/A NA false CHESTER COUNTY HOSPITAL & HEALTH SYSTEM 701 E MARSHALL STREET WEST CHESTER PA 19380 264233321 MGMT SRVCS PA 501(C)(3) 12, I TRUSTEES true CLINICAL CARE ASSOCIATES OF UPHS 250 KING OF PRUSSIA RD 4TH FL RADNOR PA 19087 232729852 HEALTHCARE PA 501(c)(3) 10 TRUSTEES true FRANKLIN SPECIALTY PHYSICIANS 3451 WALNUT STREET PHILADELPHIA PA 19104 232992715 SUPPORT ORG PA 501(c)(3) 12, II PA HOSPITAL true LANCASTER GENERAL HEALTH 555 NORTH DUKE STREET LANCASTER PA 17604 232250941 SUPPORT ORG PA 501(C)(3) 12, II TRUSTEES true LANCASTER GENERAL HEALTH COLUMBIA CENTER 306 NORTH 7TH STREET COLUMBIA PA 17512 230485650 FACILITY MGMT PA 501(C)(3) 3 LG HOSPITAL true LANCASTER GENERAL HEALTH FOUNDATION 555 NORTH DUKE STREET LANCASTER PA 17604 205767147 FUNDRAISING PA 501(C)(3) 12, I NA true LANCASTER GENERAL HEALTH HOLDINGS 555 NORTH DUKE STREET LANCASTER PA 17604 204943109 HEALTHCARE PA 501(C)(3) 3 LG HEALTH true LANCASTER GENERAL HOSPITAL 555 NORTH DUKE STREET LANCASTER PA 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