2019-05-09T09:59:00-05:00 2018-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2017-07-01 131740451 Fordham University % NICHOLAS MILOWSKI FORD 7188171000 441 E Fordham Road FMH 512 BRONX NY 104585170 MARTHA K HIRST Vice president for Finance 7188171000 2019-05-08 true MARILYN FARLEY P01231880 2127589700 2019-05-07 167.68.102.5 13407320191295000000 2019-05-09 P CC56352486E01435CEB456F227625CF0B1439CEC 0E8A73D45E13FB2D9FCF2954BFB38730BFBD513C 2017 2019-02-21 02:37:17Z JOSEPH M MCSHANE SJ 441 E FORDHAM ROAD BRONX NY 104585170 1122632194 false X WWW.FORDHAM.EDU X 1841 NY TO PROVIDE HIGHEST QUALITY EDUCATION TO UNDERGRADUATE AND GRADUATE STUDENTS, IN THE JESUIT TRADITION. 39 34 7623 2112 -4042121 -4051428 87458714 72470418 722871200 770352817 26596148 30444741 -182161 134296 836743901 873402272 206801137 222503978 0 0 367408792 379046173 365509 385322 15672925 225934145 251309208 800509583 853244681 36234318 20157591 1908507983 1960346078 617056869 629326015 1291451114 1331020063 X FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH EDUCATION OF THE HIGHEST QUALITY. FOR MORE INFORMATION, SEE SCHEDULE O. false false 662857199 222503978 681875041 HIGHER EDUCATION FORDHAM UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL, INSTITUTION OF HIGHER LEARNING, IN THE JESUIT TRADITION, WITH ITS PRINCIPAL CAMPUSES LOCATED IN NEW YORK CITY. FORDHAM UNIVERSITY SERVES AND EDUCATES APPROXIMATELY 9,600 UNDERGRADUATE STUDENTS AND 6,400 GRADUATE AND PROFESSIONAL STUDENTS. FOR MORE INFORMATION, SEE SCHEDULE O. 91632905 87028657 AUXILIARY ENTERPRISES THE UNIVERSITY PROVIDES VARIOUS SERVICES FOR THE BENEFIT OF ITS STUDENTS, FACULTY AND STAFF AND IN SUPPORT OF EDUCATIONAL ACTIVITIES. THE MORE SIGNIFICANT AUXILIARY SERVICES INCLUDE STUDENT HOUSING AND FOOD SERVICE. 754490104 true true false true false false false true false true true true false false true true true false true true true true false true true false false true true true true false false false false false false true false true false true true false false true true true true false false true 739 0 true 7623 true true true true UK false false false true true false false false false X 39 34 true false false false false false false true true false false true true true true true true true true true true CA X NICHOLAS MILOWSKI 7188171000 FORDHAM UNIVERSITY 441 E FORDHAM R BRONX NY 10458 X JOSEPH M MCSHANE SJ PRESIDENT & TRUSTEE 35.0 0.0 X X 0 0 0 DONALD ALMEIDA TRUSTEE 1.0 0.0 X 0 0 0 SALLY J BELLET TRUSTEE 1.0 0.0 X 0 0 0 DARRYL EMERSON BROWN TRUSTEE 1.0 0.0 X 0 0 0 JAMES S BROWN TRUSTEE 1.0 0.0 X 0 0 0 VINCENT R CAPPUCCI TRUSTEE 1.0 0.0 X 0 0 0 DONNA M CARROLL TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J COSGROVE TRUSTEE 1.0 0.0 X 0 0 0 GERALD C CROTTY TRUSTEE 1.0 0.0 X 0 0 0 CAROLYN DURSI CUNNIFFE TRUSTEE 1.0 0.0 X 0 0 0 ROBERT D DALEO TRUSTEE & CHAIR 1.0 0.0 X X 0 0 0 CAROLYN N DOLAN TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER F FITZMAURICE TRUSTEE 1.0 0.0 X 0 0 0 JAMES P FLAHERTY TRUSTEE 1.0 0.0 X 0 0 0 MARYANNE GILMARTIN TRUSTEE (END 4/18) 1.0 0.0 X 0 0 0 HONORA AHERN GROSE TRUSTEE & VICE CHAIR 1.0 0.0 X X 0 0 0 PATRICIA HELLER TRUSTEE 1.0 0.0 X 0 0 0 DEBORAH HIRSCH TRUSTEE 1.0 0.0 X 0 0 0 JAMES J HOULIHAN TRUSTEE 1.0 0.0 X 0 0 0 DARLENE LUCCIO JORDAN TRUSTEE 1.0 0.0 X 0 0 0 SUSHEEL KIRPALANI TRUSTEE (START 07/17) 1.0 0.0 X 0 0 0 BRIAN W MACLEAN TRUSTEE 1.0 0.0 X 0 0 0 J THOMAS MCCLAIN SJ TRUSTEE 1.0 0.0 X 0 0 0 SYLVESTER MCCLEARN TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN J MCGUINNESS TRUSTEE 1.0 0.0 X 0 0 0 HENRY S MILLER TRUSTEE 1.0 0.0 X 0 0 0 JAMES J MIRACKY SJ TRUSTEE 1.0 0.0 X 0 0 0 ARMANDO NUNEZ JR TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH P PARKES SJ TRUSTEE 1.0 0.0 X 0 0 0 GEORGE QUICKLEY SJ TRUSTEE 1.0 0.0 X 0 0 0 THOMAS J REGAN SJ TRUSTEE 1.0 0.0 X 0 0 0 DENNIS G RUPPEL TRUSTEE 1.0 0.0 X 0 0 0 LUIS E SAN MIGUEL TRUSTEE 1.0 0.0 X 0 0 0 SUSAN CONLEY SALICE TRUSTEE (START 07/17) 1.0 0.0 X 0 0 0 THOMAS SCIRGHI SJ TRUSTEE 1.0 0.0 X 0 0 0 EDWARD M STROZ TRUSTEE & VICE CHAIR 1.0 0.0 X X 0 0 0 EILEEN FITZGERALD SUDLER TRUSTEE 1.0 0.0 X 0 0 0 MARY ANNE SULLIVAN TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM J TOPPETA TRUSTEE 1.0 0.0 X 0 0 0 JOHN M ZIZZO TRUSTEE 1.0 0.0 X 0 0 0 MARGARET BALL SECRETARY OF THE UNIVERSITY 35.0 0.0 X 186116 0 21161 BRIAN BYRNE VP FOR LINCOLN CENTER 35.0 0.0 X 332286 0 67401 THOMAS A DUNNE VP FOR ADMINISTRATION 35.0 0.0 X 403879 0 69186 STEPHEN FREEDMAN PROVOST (DECEASED 7/18) 35.0 0.0 X 531447 0 67583 JEFFREY GRAY SVP OF STUDENT AFFAIRS 35.0 0.0 X 377984 0 90870 MARTHA K HIRST SR VP, CFO & TREASURER 35.0 0.0 X 539470 0 21555 MICHAEL C MCCARTHY SJ VP MISSION INTERGRA & PLANNING 35.0 0.0 X 0 0 0 ROGER MILICI VP FOR DEV AND UNIV RELATIONS 35.0 0.0 X 399742 0 30615 NICHOLAS MILOWSKI VP FOR FINANCE 35.0 0.0 X 336459 0 56236 FRANK SIRIANNI VP FOR TECHNOLOGY AND CIO 35.0 0.0 X 357872 0 69207 PETER STACE VP FOR ENROLLMENT 35.0 0.0 X 387427 0 67172 KAY TURNER START 0917 VP FOR HUMAN RESOURCES 35.0 0.0 X 76545 0 12017 MARCO VALERA VP FOR FACILITIES MGMT 35.0 0.0 X 358625 0 66523 MATTHEW DILLER DEAN 35.0 0.0 X 470398 0 69116 IFTEKHAR HASAN PROFESSOR 35.0 0.0 X 494162 0 66883 JEFFREY M NEUBAUER MEN'S BASKETBALL COACH 35.0 0.0 X 608808 0 67380 DONNA RAPPACCIOLI DEAN 35.0 0.0 X 653031 0 67479 BENJAMIN ZIPURSKY PROFESSOR 35.0 0.0 X 444385 0 65735 FRANK SIMIO END ROLE 1115 FMR INT SR VP,CFO,TREAS&VP FIN 35.0 0.0 X 373791 0 67479 7332427 0 1043598 766 true true false ARAMARK SERVICES INC 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 19167983 SUMMIT SECURITY SERVICES 390 REXCORP PLAZA/LOBBY LEVEL UNIONDALE NY 11553 SECURITY SERVICE 7287689 TISHMAN INTERIORS CORPORATION 100 PARK AVENUE 18TH FLOOR NEW YORK NY 10017 CONSTRUCTION 6947685 HIGHSTREET IT SOLUTIONS LLC 2600 TOWER OAKS BLVD SUITE 240 ROCKVILLE MD 20852 IT SERVICE 4132853 CALDWELL WALSH BUILDING CONSTRUCT 60 EAST 42ND STREET SUITE 601 NEW YORK NY 10165 CONSTRUCTION 3930118 265 1707917 16147705 54614796 3025694 72470418 TUITION AND FEES 611600 672579391 672579391 AUXILIARY ENTERPRISES 611710 88477776 87028657 1449119 ATHLETIC AND SUMMER PROGRAMS 611710 3759914 3759914 FEES FOR EDUCATIONAL SERVICES 611600 2183152 2183152 FACILITIES RENTAL 611710 930611 930611 2421973 2421973 770352817 8089679 -4199102 12288781 80733 80733 202932 202932 668474 668474 0 668474 668474 270378542 248104213 22274329 22274329 22274329 231618 1707917 1125709 -894091 -894091 0 0 0 0 0 0 PARKING INCOME - OPEN TO PUBLIC 812930 118130 118130 TRAVEL TOURS 561500 38851 38851 156981 873402272 768903698 -4042121 36070277 X 543259 543259 221711776 221711776 248943 248943 0 5279442 2325473 2487842 466127 139019 126508 9731 2780 269659309 231184780 31559225 6915304 19899410 17880061 1705877 313472 65821593 53319473 9548573 2953547 18247400 16395694 1564258 287448 0 930255 930255 318500 318500 64228 64228 385322 385322 6745735 6745735 10733795 8889412 1701948 142435 6827615 6005258 480088 342269 14908165 12415158 2200585 292422 10984666 7351538 3632979 149 60788 46260 14528 57761948 49056179 7856472 849297 10313563 9564385 451165 298013 0 12532028 10962391 848984 720653 16690987 16639956 51031 0 56425686 52250185 2877709 1297792 3411971 1013544 2395816 2611 STUDENT MEAL COSTS 13162497 13162497 STUDENT EXCHANGE COSTS 6700243 6700243 VOLUNTARY SEPARATION BENEFITS 10517000 5982340 4306928 227732 LIBRARY MATERIALS 2937848 2937848 9281690 7776943 1329195 175552 853244681 754490104 83081652 15672925 X 398455 12392230 73684737 87459050 65952842 56198243 6843902 9197896 0 0 0 0 11260478 10324688 943385 900661 4005436 5986735 1590823909 545294581 1063245156 1045529328 65118721 210201894 600796916 505402642 0 0 0 0 16257955 16752711 1908507983 1960346078 73486224 65888444 0 0 37098555 53859999 427536619 419934097 0 0 0 0 10153062 7696604 0 0 68782409 81946871 617056869 629326015 X 663489391 664703803 296035657 313352525 331926066 352963735 1291451114 1331020063 1908507983 1960346078 X 20157591 23925306 -4513948 X false true X true true true X 82790803 58119927 66871154 87280461 72470418 367532763 0 0 82790803 58119927 66871154 87280461 72470418 367532763 22009970 345522793 12888322 11045770 11978403 6594392 9041818 51548705 0 1215453 1211641 1322144 1460353 1449119 6658710 425740178 3467694233 0.81158 0.79690 X SCHEDULE A, PART II, LINE 10 OTHER INCOME: LINE 10 INCLUDES OTHER PROGRAM REVENUE EXCLUDED FROM UNRELATED BUSINESS TAXABLE INCOME. false true true 8892 true 6921 false false true 58079 true 108138 true 31726 213756 false SCHEDULE C, PART II-B, LINE 1 LOBBYING ACTIVITIES: AN INSUBSTANTIAL PART OF THE UNIVERSITY'S ACTIVITIES INCLUDED THOSE ATTEMPTING TO INFLUENCE LOCAL, STATE AND FEDERAL LEGISLATION, REGULATION, AND POLICY BENEFICIAL TO THE UNIVERSITY AND ITS STUDENTS. LINE 1I THE UNIVERSITY PAID MEMBERSHIP DUES TO FIVE ORGANIZATIONS, EACH OF WHICH ENGAGED IN SOME DEGREE OF LOBBYING ACTIVITY. TOTAL MEMBERSHIP DUES PAID DURING FISCAL YEAR 2018 (AND THE PORTIONS OF WHICH WERE ATTRIBUTED TO LOBBYING ACTIVITIES) WERE AS FOLLOWS: THE COMMISSION OF INDEPENDENT COLLEGES AND UNIVERSITIES $89,184 ($5,520) ASSOCIATION OF JESUIT COLLEGES AND UNIVERSITIES $85,916 ($4,296) NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES $15,750 ($1,103) AMERICAN COUNCIL ON EDUCATION $13,441 ($282) NATIONAL HUMANITIES ALLIANCE $2,500 ($750) LOBBYING ACTIVITIES DO NOT CONSTITUTE A SUBSTANTIAL PORTION OF FORDHAM'S ACTIVITIES. 168000 4904410 X X X false 691077330 23836007 51431735 12897356 17522652 6745735 729179329 622086306 9202025 92820000 10699974 16715781 5615246 691077330 665532326 18161977 -27474815 11423562 18426435 4283185 622086306 675054225 20830715 4277830 8509736 20954173 5166535 665532326 592538492 34025623 73098615 7645979 12674108 4288418 675054225 0.36700 0.41900 0.21400 true false 11907246 11907246 1215980919 344518792 871462127 3063707 2358955 704752 294694891 184383147 110311744 65177146 14033687 51143459 1045529328 NONPUBLIC EQUITY FUNDS 222535327 F HEDGE FUNDS 125656654 F PRIVATE CAPITAL FUNDS 35244480 F PRIVATE REAL ASSET FUNDS 119915143 F OTHER 2051038 505402642 0 POST-RETIREMENT BENEFIT OBLIGATION 61032000 U.S. GOVT REFUNDABLE ADVANCES 4851327 AMOUNTS HELD ON BEHALF OF OTHERS 3776577 CAPITALIZED LEASE OBLIGATION 1769967 PROVISION FOR VOL SEP BENEFITS 10517000 81946871 X 669325464 23925306 -222382088 -198456782 867782246 6745735 -1125709 5620026 873402272 617106550 2842208 2842208 614264342 6745735 232234604 238980339 853244681 SCHEDULE D, PART III, LINE 4 COLLECTIONS: THE UNIVERSITY'S MOST SIGNIFICANT COLLECTION IS EXHIBITED AT ITS MUSEUM OF GREEK, ETRUSCAN AND ROMAN ART. THE MUSEUM OCCUPIES 4,000 SQUARE FEET OF SPACE AND FEATURES MORE THAN 260 ANTIQUITIES DATING FROM THE 10TH CENTURY B.C. THROUGH THE 3RD CENTURY A.D. THE MUSEUM, ADMISSION TO WHICH IS FREE OF CHARGE, IS OPEN TO THE PUBLIC FOR BOTH EDUCATIONAL AND RESEARCH-RELATED PURPOSES. SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS: THE PURPOSE OF FORDHAM UNIVERSITY'S ENDOWMENT IS TO GENERATE INVESTMENT EARNINGS AS A SOURCE OF REVENUE TO SUPPORT FINANCIAL ASSISTANCE TO STUDENTS, FUND NEW AND CUTTING-EDGE PROGRAMS WHILE MAINTAINING AND IMPROVING EXISTING ONES, AND IMPROVE AND MAINTAIN THE CAMPUS TO MEET THE NEEDS OF THE UNIVERSITY COMMUNITY, AS RESTRICTED BY DONORS OR INTERNALLY DESIGNATED BY THE BOARD OF TRUSTEES. SCHEDULE D, PART X, LINE 2 UNCERTAIN TAX POSITIONS: THE UNIVERSITY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE-LIKELY-THAN-NOT OF BEING SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE UNIVERSITY'S EXEMPT PURPOSE IS SUBJECT TO INCOME TAX. THE UNIVERSITY DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY AT JUNE 30, 2018. ON DECEMBER 22, 2017, THE PRESIDENT OF THE UNITED STATES SIGNED INTO LAW H.R. 1, ORIGINALLY KNOWN AS THE TAX CUTS AND JOBS ACT. THE NEW LAW INCLUDES SEVERAL PROVISIONS THAT RESULT IN SUBSTANTIAL CHANGES TO THE TAX TREATMENT OF ACTIVITIES CARRIED ON BY TAX-EXEMPT ORGANIZATIONS AND THEIR DONORS. THE UNIVERSITY HAS REVIEWED THESE PROVISIONS AND THE POTENTIAL IMPACT, AND CONCLUDED THE ENACTMENT OF H.R. 1 WILL LIKELY NOT HAVE A MATERIAL EFFECT ON THE OPERATIONS OF THE ORGANIZATION. SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE & EXPENSE PER AUDITED FINANCIAL STATEMENTS & FORM 990 OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF PERPETUAL TRUST 281,648 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 3,938,653 FINANCIAL AID AWARDS (221,711,776) ACTUARIAL GAIN NOT YET RECOG - POSTRETIREMENT PLAN 1,977,000 LOSS ON DEFEASANCE & REFUNDING OF DEBT (6,861,785) TRAVEL TOUR EXPENSE (5,828) ------------- TOTAL (222,382,088) SCHEDULE D, PART XI, LINE 4B OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES (1,125,709) SCHEDULE D, PART XII, LINE 2D OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 1,125,709 LONDON PGM EXP & CURRENCY ADJ 1,716,499 ------------- TOTAL 2,842,208 SCHEDULE D, PART XII, LINE 4B OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 221,711,776 PROVISION FOR VOLUNTARY SEPARATION BENEFITS 10,517,000 TRAVEL TOUR EXPENSE 5,828 ------------- TOTAL 232,234,604 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY: THE UNIVERSITY INCLUDES A STATEMENT OF ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE, AS WELL AS IN STUDENT REGISTRATION MATERIALS, STUDENT COURSE CATALOGS, AND EMPLOYEE JOB POSTINGS. SCHEDULE E, PART I, LINE 6A EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES GRANTS FOR RESEARCH, TRAINING, AND FINANCIAL AID FROM THE NATIONAL SCIENCE FOUNDATION, THE U.S. DEPARTMENT OF EDUCATION, THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, AND VARIOUS OTHER FEDERAL, NEW YORK STATE AND NEW YORK CITY AGENCIES. true Europe (Including Iceland and Greenland) 1 74 Program Services GLOBAL STUDIES 7279305 East Asia and the Pacific 8 Program Services GLOBAL STUDIES 1345165 Sub-Saharan Africa 2 Program Services GLOBAL STUDIES 301205 South America Program Services STUDY ABROAD 11000 Europe (Including Iceland and Greenland) 1 6 Program Services STUDY ABROAD 449380 Europe (Including Iceland and Greenland) 11 Program Services LAW SCHOOL 146412 Sub-Saharan Africa 1 2 Program Services LAW SCHOOL 70516 East Asia and the Pacific 2 Program Services LAW SCHOOL 38867 East Asia and the Pacific Grantmaking 248943 Central America and the Caribbean Investments 214284359 Europe (Including Iceland and Greenland) Investments 25502015 3 105 3 105 249677167 249677167 East Asia and the Pacific PUBLIC SERVICE 161624 WIRE East Asia and the Pacific PUBLIC SERVICE 27058 WIRE East Asia and the Pacific PUBLIC SERVICE 60261 WIRE 1 2 true false true true true true SCHEDULE F, PART I, LINE 2 GRANT MONITORING: ANY ORGANIZATION OR ENTITY THAT RECEIVES SUBAWARDS FROM FORDHAM UNIVERSITY IS REQUIRED TO SUBMIT BOTH FINANCIAL AND PROGRAM PROGRESS REPORTS, EITHER ON A MONTHLY OR QUARTERLY BASIS, AS TO THE USE OF FUNDS. THE REQUIRED FREQUENCY OF REPORTING, AS WELL AS OTHER MONITORING CONTROLS, ARE DEPENDENT UPON THE REQUIREMENTS ON THE PRIMARY GRANTING AGENCY AND UPON THE RESULTS OF A PREAWARD RISK ASSESSMENT, WHICH IS PERFORMED ON ALL SUBRECIPIENTS PRIOR TO ISSUING AWARDS. FINANCIAL AND PROGRAM PROGRESS REPORTS RECEIVED FROM GRANTEES ARE MONITORED AND REVIEWED BY PRINCIPAL INVESTIGATORS, THE OFFICE OF SPONSORED PROGRAMS, AND THE GRANTS ACCOUNTING OFFICE TO ENSURE FUNDS ARE USED APPROPRIATELY. IN ADDITION, PRINCIPAL INVESTIGATORS MEET REGULARLY WITH SUBGRANTEES, WHICH INCLUDES FIELD VISITS TO OBSERVE ACTIVITIES ON A FIRST-HAND BASIS. SCHEDULE F, PART I, LINE 3, COLUMN (F) METHOD OF ACCOUNTING: EXPENSES ARE REPORTED USING THE ACCRUAL METHOD OF ACCOUNTING, CONSISTENT WITH FORDHAM UNIVERSITY'S AUDITED FINANCIAL STATEMENTS. X X X X X X X true RUFFALO NOEL LEVITZ LLC PROF. FUNDRAISING false 779554 385322 394232 779554 385322 394232 NY FOUNDERS DINNER 1939535 1707917 231618 137157 302756 507878 177918 0 1939535 1707917 231618 137157 302756 507878 177918 1125709 -894091 SCHEDULE G, PART I, LINE 2B, COLUMN (III) RUFFALO NOEL LEVITZ, LLC PROVIDES CONSULTING SERVICES TO FORDHAM UNIVERSITY FOR ITS TELEMARKETING FUNDRAISING STRATEGY. THE FIRM ALSO PERFORMS SEGMENTATION AND PLEDGE FULFILLMENT VIA DIRECT MAIL. RUFFALO NOEL LEVITZ, LLC'S CORPORATE HEADQUARTERS ARE LOCATED AT 1025 KIRKWOOD PARKWAY SW, CEDAR RAPIDS, IA 52404. true ALBERT EINSTEIN COLLEGE OF MEDICINE 1300 MORRIS PARK AVENUE BRONX NY 10461 472209056 501 (C) (3) 66319 RESEARCH MEMORIAL SLOAN KETTERING CANCER CENTER 1275 YORK AVENUE NEW YORK NE 10065 131924236 501 (C) (3) 150938 RESEARCH MORNINGSIDE CENTER FOR TEACHING SOCIAL RESP 475 RIVERSIDE DRIVE NEW YORK NY 10115 133185340 501 (C) (3) 43152 RESEARCH THE NEW JEWISH HOME 120 WEST 106TH STREET NEW YORK NY 10025 131624033 501 (C) (3) 27063 RESEARCH PENNSYLVANIA STATE UNIVERSITY 227 W BEAVER STATE COLLEGE PA 16801 246000376 115 29096 RESEARCH NEW YORK UNIVERSITY 105 E 17TH STREET NEW YORK NY 10003 135562308 501 (C) (3) 17897 RESEARCH RESEARCH FOUNDATION OF CUNY 230 WEST 41ST STREET NEW YORK NY 10036 131988190 501 (C) (3) 15072 RESEARCH RESEARCH FOUNDATION OF SUNY PO BOX 9 ALBANY NY 12201 141368361 501 (C) (3) 5494 RESEARCH UNIVERSITY OF MASSACHUSETTS - BOSTON 100 MORRISSEY BLVD BOSTON MA 02125 043167352 115 12285 RESEARCH UNIVERSITY OF VIRGINIA PO BOX 400195 CHARLOTTESVILLE VA 22904 546001796 115 122300 RESEARCH UNIVERSITY OF UTAH 201 PRESIDENTS CIRCLE SALT LAKE CITY UT 84112 876000525 115 15970 RESEARCH SAN FRANCISCO STATE UNIVERSITY 1600 HOLLOWAY AVENUE SAN FRANCISCO CA 94132 931137247 115 5967 RESEARCH DEPAUL UNIVERSITY 1 EAST JACKSON BLVD CHICAGO IL 60604 362167048 501 (c) (3) 13379 RESEARCH MIRIAM HOSPITAL 164 SUMMIT AVENUE PROVIDENCE RI 02906 050377502 501 (C) (3) 14962 RESEARCH 14 STUDENT SCHOLARSHIPS 15255 221711776 N/A N/A SCHEDULE I, PART I, LINE 2 GRANT MONITORING: ANY ORGANIZATION OR ENTITY THAT RECEIVES SUBAWARDS FROM FORDHAM UNIVERSITY IS REQUIRED TO SUBMIT BOTH FINANCIAL AND PROGRAM PROGRESS REPORTS, EITHER ON A MONTHLY OR QUARTERLY BASIS, AS TO THE USE OF FUNDS. THE REQUIRED FREQUENCY OF REPORTING, AS WELL AS OTHER MONITORING CONTROLS, ARE DEPENDENT UPON REQUIREMENTS OF THE PRIMARY GRANTING AGENCY AND UPON THE RESULTS OF A PREAWARD RISK ASSESSMENT, WHICH IS PERFORMED ON ALL SUBRECIPIENTS PRIOR TO ISSUING AWARDS. FINANCIAL AND PROGRAM PROGRESS REPORTS RECEIVED FROM GRANTEES ARE MONITORED AND REVIEWED BY PRINCIPAL INVESTIGATORS, THE OFFICE OF SPONSORED PROGRAMS AND THE GRANTS ACCOUNTING OFFICE TO ENSURE FUNDS ARE USED APPROPRIATELY. IN ADDITION, PRINCIPAL INVESTIGATORS MEET REGULARLY WITH SUBGRANTEES, WHICH INCLUDES FIELD VISITS TO OBSERVE ACTIVITIES ON A FIRST-HAND BASIS. SCHOLARSHIP GRANT MONITORING: FORDHAM PROVIDES VARIOUS TYPES OF FINANCIAL ASSISTANCE TO PROMOTE ACCESS AND AFFORDABILITY TO STUDENTS. FORDHAM'S STUDENT FINANCIAL AID DEPARTMENT WORKS WITH STUDENTS TO HELP THEM DEVISE A PLAN TO FUND THEIR EDUCATION. ASSISTANCE MAY INCLUDE A COMBINATION OF GRANTS, LOANS AND PAYMENT PLANS DEPENDING ON INDIVIDUAL CIRCUMSTANCES AND RESOURCES. SCHOLARSHIP GRANTS ARE AWARDED ON THE BASIS OF FINANCIAL NEED AND/OR SCHOLASTIC ACHIEVEMENT, AND ON A NON-DISCRIMINATORY BASIS. STUDENTS MUST COMPLETE CERTAIN QUESTIONNAIRES AND APPLICATIONS TO DEMONSTRATE THEIR QUALIFICATION FOR VARIOUS TYPES OF FEDERAL, STATE, LOCAL, AND INSTITUTIONAL FINANCIAL ASSISTANCE. THE VARIOUS FINANCIAL ASSISTANCE PROGRAMS HAVE PARTICULAR ELIGIBILITY AND MONITORING REQUIREMENTS, SUCH AS THOSE PROVIDED BY THE CODE OF FEDERAL REGULATIONS. THESE REQUIREMENTS MAY INCLUDE A MINIMUM COURSE LOAD, DEMONSTRATED ACADEMIC PROGRESS, AND OTHER SIMILAR REQUIREMENTS. SCHOLARSHIP GRANTS ARE APPLIED DIRECTLY TOWARD A STUDENT'S TUITION AND ROOM AND BOARD COSTS, THEREBY INSURING THE FUNDS ARE USED AS INTENDED. X X X true true X X X X false false false false false false false false false MARGARET BALL SECRETARY OF THE UNIVERSITY 184818 0 0 0 1298 0 20287 0 874 0 207277 0 0 0 BRIAN BYRNE VP FOR LINCOLN CENTER 329234 0 0 0 3052 0 29700 0 37701 0 399687 0 0 0 THOMAS A DUNNE VP FOR ADMINISTRATION 397845 0 0 0 6034 0 29700 0 39486 0 473065 0 0 0 STEPHEN FREEDMAN PROVOST (DECEASED 7/18) 524597 0 0 0 6850 0 29700 0 37883 0 599030 0 0 0 JEFFREY GRAY SVP OF STUDENT AFFAIRS 352201 0 0 0 25783 0 29700 0 61170 0 468854 0 0 0 MARTHA K HIRST SR VP, CFO & TREASURER 535681 0 0 0 3789 0 20640 0 915 0 561025 0 0 0 ROGER MILICI VP FOR DEV AND UNIV RELATIONS 398275 0 0 0 1467 0 29700 0 915 0 430357 0 0 0 NICHOLAS MILOWSKI VP FOR FINANCE 328723 0 0 0 7736 0 20640 0 35596 0 392695 0 0 0 FRANK SIRIANNI VP FOR TECHNOLOGY AND CIO 348671 0 0 0 9201 0 29700 0 39507 0 427079 0 0 0 PETER STACE VP FOR ENROLLMENT 381702 0 0 0 5725 0 29700 0 37472 0 454599 0 0 0 MARCO VALERA VP FOR FACILITIES MGMT 351330 0 0 0 7295 0 29700 0 36823 0 425148 0 0 0 MATTHEW DILLER DEAN 467851 0 0 0 2547 0 29700 0 39416 0 539514 0 0 0 IFTEKHAR HASAN PROFESSOR 491615 0 0 0 2547 0 29700 0 37183 0 561045 0 0 0 JEFFREY M NEUBAUER MEN'S BASKETBALL COACH 549889 0 50000 0 8919 0 29700 0 37680 0 676188 0 0 0 DONNA RAPPACCIOLI DEAN 622762 0 0 0 30269 0 29700 0 37779 0 720510 0 0 0 BENJAMIN ZIPURSKY PROFESSOR 404195 0 0 0 40190 0 29700 0 36035 0 510120 0 0 0 FRANK SIMIO END ROLE 1115 FMR INT SR VP,CFO,TREAS&VP FIN 371244 0 0 0 2547 0 29700 0 37779 0 441270 0 0 0 SCHEDULE J, PART I FORDHAM UNIVERSITY'S PRESIDENT, JOSEPH M. MCSHANE S.J. AND VP FOR MISSION INTEGRATION & PLANNING, MICHAEL MCCARTHY S.J., ARE MEMBERS OF THE SOCIETY OF JESUS. PAYMENTS ARE MADE TO THE SOCIETY OF JESUS FOR THESE OFFICERS AND OTHER MEMBERS OF THE JESUIT COMMUNITY FOR THEIR SERVICES TO FORDHAM UNIVERSITY. TOTAL PAYMENTS TO THE JESUIT COMMUNITY IN CALENDAR YEAR 2017 TOTALED $4,016,742. SCHEDULE J, PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: FORDHAM UNIVERSITY DOES NOT GENERALLY PERMIT FIRST CLASS TRAVEL. HOWEVER, FOR BUSINESS TRIPS IN EXCESS OF 6 HOURS, EMPLOYEES ARE PERMITTED TO UPGRADE FROM THE LOWEST COACH FARE OFFERED BY THE AIRLINE TO THE NEXT CLASS AVAILABLE. IN CONNECTION WITH ITS ATHLETICS PROGRAM, CERTAIN TEAMS UTILIZE CHARTER TRAVEL. THE MEN'S BASKETBALL COACH FLIES WITH THE ATHLETIC TEAMS AS PART OF HIS RESPONSIBILITIES AS AN EMPLOYEE OF FORDHAM UNIVERSITY. THE VALUE OF TRAVEL WAS NOT INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: HOUSING WAS PROVIDED TO MICHAEL MCCARTHY S.J., VP FOR MISSION INTEGRATION & PLANNING. HE IS A MEMBER OF THE SOCIETY OF JESUS AND LIVES AS A RESIDENT MINISTER IN A UNIVERSITY DORMITORY ON CAMPUS, PROVIDING GUIDANCE TO STUDENTS FOR THE CONVENIENCE OF THE UNIVERSITY. ACCORDINGLY, THE HOUSING BENEFITS PROVIDED TO HIM ARE NOT INCLUDABLE AS GROSS INCOME UNDER SECTION 119 OF THE INTERNAL REVENUE CODE. TAX INDEMNIFICATIONS AND GROSS-UP PAYMENTS: TAX INDEMNIFICATIONS AND GROSS-UP PAYMENTS ARE TREATED AS TAXABLE COMPENSATION TO THE INTERESTED PERSONS AT TIME OF PAYMENT. FROM TIME TO TIME, GIFT CARDS ARE GIVEN FOR EXTRAORDINARY SERVICES. THE UNIVERSITY GROSSED UP THE AMOUNT OF ANY GIFT CARD AND APPLICABLE TAXES THAT WERE WITHHELD FROM EMPLOYEES PAY. A DASNY SERIES 2008A 146000293 649903C33 2008-05-21 96895000 REFUNDING 2005 DEBT ISSUE false false false B DASNY SERIES 2011B 146000293 649505CX0 2011-04-28 152929720 2011 ISSUE - NEW CONSTRUCTION true false false C DASNY SERIES 2012 146000293 649906Z23 2012-10-25 46206812 REFUNDING 2002 & 1998 DEBT ISSUE false false false D DASNY SERIES 2014 146000293 649907YZ9 2014-04-03 66182433 REFUND 2014 ISSUE AND CO-OP ACQ false false false A 16815000 0 96895000 0 0 0 602276 59047 0 0 96233677 0 2008 true false true true B 13984720 133440000 152929720 0 0 0 1416066 0 0 151513654 0 0 2014 false false true true C 20496812 0 46206812 0 0 45346922 784889 0 0 0 75000 0 2013 true false true true D 12732432 0 66182432 0 0 0 867654 0 0 53755763 11252040 309999 2016 true false false true A false false false false 0 false false false true B false false false false 0 false false false true C 0 D false false false false 0 false false false true A false false false true true true BOA ML 3.248 true false false 0 false true B false false true true false false 0 false 0 false true C false false true true false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, BOND ISSUES: 2011 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: LAW SCHOOL BUILDING AND RESIDENCE HALL CONSTRUCTION 2014 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: ACQUISITION OF BUILDING AND REFUND 2004 DEBT ISSUE 2016 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: REFUND CERTAIN TRANCHES OF THE 2011 DEBT ISSUE, DEFEASE AND ADVANCE REFUND ALL OF THE 2008B DEBT ISSUE, AND REFURBISH ACADEMIC BUILDING. 2017 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: REFUND CERTAIN TRANCHES OF THE 2011 DEBT ISSUE AND COVER COSTS OF ISSUANCE. SCHEDULE K, PART IV, LINE 2C, COLUMN A THE DATE OF THE REBATE COMPUTATION IS 7/9/15. SCHEDULE K, PART IV, LINE 2C, COLUMN B The date of the rebate calculation is 6/15/16. SCHEDULE K, PART IV, LINE 2C, COLUMN C The date of the rebate calculation is 11/15/17. A DASNY SERIES 2016A 146000293 64990BD75 2016-05-05 169720220 REF PRIOR ISSUES & REN ACAD BLG false false false B DASNY SERIES 2017 146000293 64990C5S6 2017-12-21 91211092 REFUNDING 2011 DEBT ISSUE false false true A 5610000 0 169720220 0 0 0 1209489 0 0 0 15075000 153435731 2016 true true true true B 0 0 91211032 0 0 0 826227 0 0 0 0 0 2017 false true true true A false false false false 0 false false false true B false false false false 0 false false false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true 0 26000 STUDENT SCHOLARSHIPS COVER COSTS OF TUTION 57391 TUITION REMISSION COVER COSTS OF TUTION BRENDAN MCGUINNESS SEE PART V 119941 EMPLOYEE COMPENSATION false STEPHEN C MCGUINNESS SEE PART V 19078 EMPLOYEE COMPENSATION false SCHEDULE L, PART IV BRENDAN MCGUINNESS AND STEPHEN C. MCGUINNESS ARE FAMILY MEMBERS OF STEPHEN J. MCGUINNESS, CURRENT TRUSTEE. X 3 168000 Appraisal X 48 2769336 MARKET QUOTATION X SPORT EVNT TKTS 2 4038 COST X RECEPTIONS 16 69945 COST X PRINTED MAT 1 14375 COST 5 false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS: THE AMOUNT LISTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART I, LINE 7B INCLUDES 512(A)(7) AMOUNTS THAT ARE NOT REVENUE AND, THEREFORE, NOT REPORTED AS SUCH ON FORM 990. FORM 990, PART III, LINE 1 MISSION STATEMENT: THE MISSION OF THE UNIVERSITY FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION OF THE HIGHEST QUALITY. GUIDED BY ITS CATHOLIC AND JESUIT TRADITIONS, FORDHAM FOSTERS THE INTELLECTUAL, MORAL AND RELIGIOUS DEVELOPMENT OF ITS STUDENTS AND PREPARES THEM FOR LEADERSHIP IN A GLOBAL SOCIETY. CHARACTERISTICS OF THE UNIVERSITY AS A UNIVERSITY - FORDHAM STRIVES FOR EXCELLENCE IN RESEARCH AND TEACHING, AND GUARANTEES THE FREEDOM OF INQUIRY REQUIRED BY RIGOROUS THINKING AND THE QUEST FOR TRUTH. FORDHAM AFFIRMS THE VALUE OF A CORE CURRICULUM ROOTED IN THE LIBERAL ARTS AND SCIENCES. THE UNIVERSITY SEEKS TO FOSTER IN ALL ITS STUDENTS LIFE-LONG HABITS OF CAREFUL OBSERVATION, CRITICAL THINKING, CREATIVITY, MORAL REFLECTION AND ARTICULATE EXPRESSION. IN ORDER TO PREPARE CITIZENS FOR AN INCREASINGLY MULTICULTURAL AND MULTINATIONAL SOCIETY, FORDHAM SEEKS TO DEVELOP IN ITS STUDENTS AN UNDERSTANDING OF AND REVERENCE FOR CULTURES AND WAYS OF LIFE OTHER THAN THEIR OWN. AS A CATHOLIC UNIVERSITY - FORDHAM AFFIRMS THE COMPLEMENTARY ROLES OF FAITH AND REASON IN THE PURSUIT OF WISDOM AND LEARNING. THE UNIVERSITY ENCOURAGES THE GROWTH OF A LIFE OF FAITH CONSONANT WITH MORAL AND INTELLECTUAL DEVELOPMENT. FORDHAM ENCOURAGES FACULTY TO DISCUSS AND PROMOTE AN UNDERSTANDING OF THE ETHICAL DIMENSION OF WHAT IS BEING STUDIED AND WHAT IS BEING TAUGHT. FORDHAM GIVES SPECIAL ATTENTION TO THE STUDY OF THE LIVING TRADITION OF CATHOLICISM, AND IT PROVIDES A PLACE WHERE RELIGIOUS TRADITIONS MAY INTERACT WITH EACH OTHER AND WITH CONTEMPORARY CULTURES. FORDHAM WELCOMES STUDENTS, FACULTY, AND STAFF OF ALL RELIGIOUS TRADITIONS AND OF NO RELIGIOUS TRADITION AS VALUED MEMBERS OF THIS COMMUNITY OF STUDY AND DIALOGUE. AS A JESUIT UNIVERSITY - FORDHAM DRAWS ITS INSPIRATION FROM THE DUAL HERITAGE OF CHRISTIAN HUMANISM AND IGNATIAN SPIRITUALITY, AND CONSEQUENTLY SEES ALL DISCIPLINES AS POTENTIAL PATHS TO GOD. FORDHAM RECOGNIZES THE DIGNITY AND UNIQUENESS OF EACH PERSON. A FORDHAM EDUCATION AT ALL LEVELS IS STUDENT-CENTERED, AND ATTENTIVE TO THE DEVELOPMENT OF THE WHOLE PERSON. SUCH AN EDUCATION IS BASED ON CLOSE COLLABORATION AMONG STUDENTS, FACULTY, AND STAFF. FORDHAM IS COMMITTED TO RESEARCH AND EDUCATION THAT ASSIST IN THE ALLEVIATION OF POVERTY, THE PROMOTION OF JUSTICE, THE PROTECTION OF HUMAN RIGHTS AND RESPECT FOR THE ENVIRONMENT. JESUIT EDUCATION IS COSMOPOLITAN EDUCATION. THEREFORE, EDUCATION AT FORDHAM IS INTERNATIONAL IN ITS SCOPE AND IN ITS ASPIRATIONS. THE WORLD-WIDE NETWORK OF JESUIT UNIVERSITIES OFFERS FORDHAM FACULTY AND STUDENTS DISTINCTIVE OPPORTUNITIES FOR EXCHANGE AND COLLABORATION. AS A UNIVERSITY IN NEW YORK CITY - AS HOME TO PEOPLE FROM ALL OVER THE GLOBE, AS A CENTER OF INTERNATIONAL BUSINESS, COMMUNICATION, DIPLOMACY, THE ARTS AND THE SCIENCES, NEW YORK CITY PROVIDES FORDHAM WITH A SPECIAL KIND OF CLASSROOM. ITS UNPARALLELED RESOURCES SHAPE AND ENHANCE FORDHAM'S PROFESSIONAL AND UNDERGRADUATE PROGRAMS. FORDHAM IS PRIVILEGED TO SHARE A HISTORY AND A DESTINY WITH NEW YORK CITY. THE UNIVERSITY RECOGNIZES ITS DEBT OF GRATITUDE TO THE CITY AND ITS OWN RESPONSIBILITY TO SHARE ITS GIFTS FOR THE ENRICHMENT OF OUR CITY, OUR NATION AND OUR WORLD. STRATEGIC PLANNING FORDHAM INSTITUTED A CONTINUOUS UNIVERSITY STRATEGIC PLANNING (CUSP) PROCESS IN SEPTEMBER 2015 TO FOSTER A CULTURE OF STRATEGIC THINKING THROUGHOUT THE UNIVERSITY AND PRODUCE A STRATEGIC FRAMEWORK OF PRIORITIES TO GUIDE PLANNING. A DEDICATED COMMITTEE OF FACULTY AND ADMINISTRATORS ENGAGED THE UNIVERSITY COMMUNITY IN A PROCESS OF DISCERNMENT THAT YIELDED "A STRATEGIC FRAMEWORK FOR FORDHAM'S FUTURE: BOTHERED EXCELLENCE" WHICH THE BOARD OF TRUSTEES APPROVED IN SEPTEMBER 2016. SINCE THEN, LOCAL PLANNING UNITS HAVE DEVELOPED A SERIES OF INITIATIVES THAT ADVANCE THE PRIORITIES IN WAYS APPROPRIATE TO THE UNIT'S SPHERE OF ACTIVITY AND IN 2019 THE UNIVERSITY ESTABLISHED A STRATEGIC INITIATIVES FUND TO SUPPORT SIGNIFICANT SIGNATURE PROJECTS. THROUGH THIS CONTINUOUS PLANNING PROCESS FORDHAM IS ATTUNED TO THE OPPORTUNITIES AND RISKS IN A RAPIDLY CHANGING ENVIRONMENT AND ABLE TO ADVANCE ITS MISSION AS THE JESUIT UNIVERSITY OF NEW YORK GUIDED BY THE SIX PRIORITY AREAS IDENTIFIED IN THE STRATEGIC FRAMEWORK: - CONTEMPORARY TEACHING AND LEARNING INFUSED WITH ETHICS AND JUSTICE - STRATEGICALLY FOCUSED RESEARCH - THE INSPIRATION AND CHALLENGE OF NEW YORK CITY - A GLOBAL PERSPECTIVE - A DIVERSE AND INCLUSIVE COMMUNITY - A STRATEGIC AND AGILE INSTITUTION FORM 900, PART III, 4A PROGRAM SERVICE ACCOMPLISHMENTS: FORDHAM UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL, INSTITUTION OF HIGHER LEARNING, IN THE JESUIT TRADITION, WITHIN ITS PRINCIPAL CAMPUSES LOCATED IN NEW YORK CITY. FORDHAM UNIVERSITY SERVES AND EDUCATES APPROXIMATELY 9,600 UNDERGRADUATE STUDENTS AND 6,400 GRADUATE AND PROFESSIONAL STUDENTS. THE UNIVERSITY AWARDS BACCALAUREATE, GRADUATE, AND PROFESSIONAL DEGREES TO STUDENTS FROM FORDHAM COLLEGE AT ROSE HILL, FORDHAM COLLEGE AT LINCOLN CENTER, THE GABELLI SCHOOL OF BUSINESS (UNDERGRADUATE AND GRADUATE), THE SCHOOL OF PROFESSIONAL AND CONTINUING STUDIES, THE GRADUATE SCHOOLS OF ARTS AND SCIENCES, EDUCATION, RELIGION AND RELIGIOUS EDUCATION, SOCIAL SERVICE, AND THE SCHOOL OF LAW. A SIGNIFICANT AMOUNT OF FINANCIAL ASSISTANCE IS PROVIDED TO ENABLE QUALIFIED STUDENTS TO STUDY AT THE UNIVERSITY. FORM 990, PART VI, LINE 2 RELATIONSHIPS: FAMILY RELATIONSHIP - PETER STACE, OFFICER/VP FOR ENROLLMENT, HAS A FAMILY RELATIONSHIP WITH MARGARET BALL, OFFICER/SECRETARY OF THE UNIVERSITY. FORM 990, PART VI, LINE 11B FORM 990 REVIEW: THE OFFICE OF FINANCE WORKS CLOSELY WITH KPMG LLP, AS PAID PREPARER OF FORDHAM'S TAX-RELATED FILINGS, TO PREPARE THE FORM 990. ONCE PREPARED, THE FORM UNDERGOES A SERIES OF REVIEWS BY SENIOR FINANCIAL STAFF AND LEADERSHIP BEFORE SUBMISSION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE BOARD OF TRUSTEES HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING THE RETURN TO THE EXECUTIVE COMMITTEE. FOLLOWING A FORMAL PRESENTATION TO THE EXECUTIVE COMMITTEE AND QUESTION AND COMMENT PERIOD, THE RETURN IS APPROVED AND A COPY OF THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO ITS FILING. FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST REVIEW: THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT REQUIRES, AMONG OTHER THINGS, NO INDIVIDUAL MAY PARTICIPATE IN A DISCUSSION OR DECISION ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND INDIVIDUALS WHO HAVE SIGNING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE A MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY. FORM 990, PART VI, LINE 15A& 15B COMPENSATION REVIEW: COMPENSATION FOR THE UNIVERSITY'S PRESIDENT IS REVIEWED ON A REGULAR BASIS BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES USING SALARY DATA FROM SIMILAR INSTITUTIONS. ONCE DETERMINED, THE PRESIDENT'S PROPOSED COMPENSATION IS SUBMITTED FIRST TO THE EXECUTIVE COMMITTEE, WHICH CONSISTS OF INDEPENDENT BOARD MEMBERS, THEN TO THE FULL BOARD OF TRUSTEES, FOR REVIEW AND ACCEPTANCE. COMPENSATION FOR OTHER UNIVERSITY OFFICERS IS ESTABLISHED USING SALARY BENCHMARKING DATA, AS WELL AS REVIEWS OF COMPENSATION DATA INCLUDED IN PUBLIC FILINGS OF COMPARABLE INSTITUTIONS. COMPENSATION LEVELS ARE REVIEWED AND ACCEPTED BY THE BOARD OF TRUSTEES BASED ON A REVIEW OF KEY DOCUMENTS, FILINGS, AND EMPLOYEE PERFORMANCE DISCUSSIONS. THE PROCESS OF DETERMINING COMPENSATION IS CONDUCTED IN EXECUTIVE SESSION OF THE BOARD OF TRUSTEES MEETINGS IN ORDER TO PRESERVE CONFIDENTIALITY. COMPENSATION LEVELS THAT ARE AUTHORIZED AS A RESULT OF THIS PROCESS ARE DOCUMENTED. FORM 990, PART VI, LINE 19 DOCUMENT AVAILABILITY: FORDHAM UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE CURRENTLY AVAILABLE ON THE UNIVERSITY'S WEBSITE, AND THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24C VOLUNTARY SEPARATION BENEFITS: DURING THE YEAR ENDED JUNE 30, 2018, THE UNIVERSITY EXTENDED A VOLUNTARY SEPARATION OFFER (VSO) TO ELIGIBLE ADMINISTRATORS. THE VSO PROVIDES FOR SEPARATION ALLOWANCES COMPRISING SALARY (BASED ON LENGTH OF SERVICE) AND FRINGE BENEFITS, PRINCIPALLY MEDICAL COVERAGE AND TUITION REMISSION. FOR THE YEAR ENDED JUNE 30, 2018, THE UNIVERSITY RECORDED A PROVISION FOR VOLUNTARY SEPARATION BENEFITS TOTALING $10,517,000, WHICH WILL BE PAYABLE THROUGH JUNE 30, 2020. FORM 990, PART X RECLASSIFICATIONS: CERTAIN RECLASSIFICATIONS OF PRIOR YEAR AMOUNTS HAVE BEEN MADE TO CONFORM TO THE CURRENT YEAR PRESENTATION. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 3,938,653 ACTUARIAL GAIN NOT YET RECOGNIZED - POSTRETIREMENT PLAN 1,977,000 LOSS ON DEFEASANCE & REFUNDING OF DEBT (6,861,785) CHANGE IN FAIR VALUE OF PERPETUAL TRUST 281,648 LONDON PGM EXP & CURRENCY ADJ (1,716,499) LONDON NET ASSETS (1,958,401) LONDON UNSPENT CASH (174,564) ------------- TOTAL TO FORM 990, PART XI, LINE 9 (4,513,948) FORDHAM AIRVANA HOLDINGS LLC 888 SEVENTH AVE 7TH FLOOR NEW YORK NY 10019 131740451 HOLDING CO. NY 0 0 FORDHAM U FORDHAM UNIVERSITY (USA) UK PROGRAM LTD 15 ST BOTOLPH STREET EC3A 7NJ LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U true FORDHAM UNIVERSITY UK CHARITABLE TRUST 15 ST BOTOLPH STREET EC3A 7NJ LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U true CHARITABLE REMAINDER TRUST (OH) INVESTMENT OH NA Trust true CHARITABLE REMAINDER TRUST (NY) INVESTMENT NY NA Trust true false false false false false false false false false false false false false false true false true false FORDHAM UNIVERSITY (USA) UK PROGRAM LTD P 4370009 COST FORDHAM UNIVERSITY (USA) UK PROGRAM LTD R 695109 COST