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        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>LAURA BUCK MARSHALL</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>ANITA MCMULLIN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>ROBERT L MCNEIL III</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DEREK N PEW ESQUIRE</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>ALEXANDRA FERGUSSON POWELL</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MARC S RICHMAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DANIEL C ROARTY</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>KRISTIN A SCHINELLA</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DEVIKA SINGH</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>N GEE SMITH III</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>TRACY B SOMANI</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>ANN LAUPHEIMER SONNENFELD</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>BRUCE E TERKER</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>CHRISTOPHER J THOMPSON</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DR WENDY L HILL</PersonNm>
        <TitleTxt>HEAD OF SCHOOL/TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>492489</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>96465</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>KAREN P ZIMMER</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>TIMOTHY WALSH</PersonNm>
        <TitleTxt>DIRECTOR OF FINANCE</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>131835</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>5004</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>A RANDOL BENEDICT</PersonNm>
        <TitleTxt>DIRECTOR OF ENROLLMENT</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
        <ReportableCompFromOrgAmt>170211</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>16109</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MARGARET WELSH</PersonNm>
        <TitleTxt>DIRECTOR OF DEVELOPMENT</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
        <ReportableCompFromOrgAmt>169493</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>24722</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MARIANDL HUFFORD</PersonNm>
        <TitleTxt>ASSISTANT HEAD OF SCHOOL</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
        <ReportableCompFromOrgAmt>134560</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>15858</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DONNA LINDNER</PersonNm>
        <TitleTxt>DIRECTOR OF LOWER SCHOOL</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
        <ReportableCompFromOrgAmt>124700</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>15376</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MURRAY SAVAR</PersonNm>
        <TitleTxt>DEPARTMENT CHAIR</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
        <ReportableCompFromOrgAmt>108524</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>19081</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <TotalReportableCompFromOrgAmt>1331812</TotalReportableCompFromOrgAmt>
      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>192615</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>10</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>0</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>1</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>PROFESSIONAL BUILDING SERVICES INC</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>3936 MILLER ROAD</AddressLine1Txt>
            <CityNm>NEWTOWN SQUARE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19073</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>CONSTRUCTION</ServicesDesc>
        <CompensationAmt>276604</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>YOUR PART TIME CONTROLLER LLC</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>1500 WALNUT ST SUITE1200</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19102</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>CONTROLLER SERVICES</ServicesDesc>
        <CompensationAmt>240453</CompensationAmt>
      </ContractorCompensationGrp>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>CULINART GROUP INC</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>COMPASS GROUP USA PO BOX 417632</AddressLine1Txt>
            <CityNm>BOSTON</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>022417632</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>SCHOOL CAFETERIA</ServicesDesc>
        <CompensationAmt>229528</CompensationAmt>
      </ContractorCompensationGrp>
      <CntrctRcvdGreaterThan100KCnt>3</CntrctRcvdGreaterThan100KCnt>
      <FundraisingAmt>150101</FundraisingAmt>
      <GovernmentGrantsAmt>85229</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>4127210</AllOtherContributionsAmt>
      <NoncashContributionsAmt>916364</NoncashContributionsAmt>
      <TotalContributionsAmt>4362540</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>TUITION</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>20582410</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>20582410</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>SUMMER &amp; AFTER SCHOOL SESSION</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>262478</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>262478</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>20844888</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>62801</TotalRevenueColumnAmt>
        <ExclusionAmt>62801</ExclusionAmt>
      </InvestmentIncomeGrp>
      <GrossRentsGrp>
        <RealAmt>137125</RealAmt>
      </GrossRentsGrp>
      <LessRentalExpensesGrp>
        <RealAmt>35162</RealAmt>
      </LessRentalExpensesGrp>
      <RentalIncomeOrLossGrp>
        <RealAmt>101963</RealAmt>
      </RentalIncomeOrLossGrp>
      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>101963</TotalRevenueColumnAmt>
        <ExclusionAmt>101963</ExclusionAmt>
      </NetRentalIncomeOrLossGrp>
      <GrossAmountSalesAssetsGrp>
        <SecuritiesAmt>4342082</SecuritiesAmt>
      </GrossAmountSalesAssetsGrp>
      <LessCostOthBasisSalesExpnssGrp>
        <SecuritiesAmt>3662447</SecuritiesAmt>
      </LessCostOthBasisSalesExpnssGrp>
      <GainOrLossGrp>
        <SecuritiesAmt>679635</SecuritiesAmt>
      </GainOrLossGrp>
      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>679635</TotalRevenueColumnAmt>
        <ExclusionAmt>679635</ExclusionAmt>
      </NetGainOrLossInvestmentsGrp>
      <FundraisingGrossIncomeAmt>206887</FundraisingGrossIncomeAmt>
      <ContriRptFundraisingEventAmt>150101</ContriRptFundraisingEventAmt>
      <FundraisingDirectExpensesAmt>240365</FundraisingDirectExpensesAmt>
      <NetIncmFromFundraisingEvtGrp>
        <TotalRevenueColumnAmt>-33478</TotalRevenueColumnAmt>
        <ExclusionAmt>-33478</ExclusionAmt>
      </NetIncmFromFundraisingEvtGrp>
      <GrossSalesOfInventoryAmt>143126</GrossSalesOfInventoryAmt>
      <CostOfGoodsSoldAmt>88036</CostOfGoodsSoldAmt>
      <NetIncomeOrLossGrp>
        <TotalRevenueColumnAmt>55090</TotalRevenueColumnAmt>
        <ExclusionAmt>55090</ExclusionAmt>
      </NetIncomeOrLossGrp>
      <OtherRevenueMiscGrp>
        <Desc>MISCELLANEOUS INCOME</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>332829</TotalRevenueColumnAmt>
        <ExclusionAmt>332829</ExclusionAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueTotalAmt>332829</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>26406268</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>20844888</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>1198840</ExclusionAmt>
      </TotalRevenueGrp>
      <GrantsToDomesticIndividualsGrp>
        <TotalAmt>3508285</TotalAmt>
        <ProgramServicesAmt>3508285</ProgramServicesAmt>
      </GrantsToDomesticIndividualsGrp>
      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>821217</TotalAmt>
        <ManagementAndGeneralAmt>821217</ManagementAndGeneralAmt>
      </CompCurrentOfcrDirectorsGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>10668064</TotalAmt>
        <ProgramServicesAmt>6844978</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3048619</ManagementAndGeneralAmt>
        <FundraisingAmt>774467</FundraisingAmt>
      </OtherSalariesAndWagesGrp>
      <PensionPlanContributionsGrp>
        <TotalAmt>558712</TotalAmt>
        <ProgramServicesAmt>387959</ProgramServicesAmt>
        <ManagementAndGeneralAmt>141508</ManagementAndGeneralAmt>
        <FundraisingAmt>29245</FundraisingAmt>
      </PensionPlanContributionsGrp>
      <OtherEmployeeBenefitsGrp>
        <TotalAmt>1144068</TotalAmt>
        <ProgramServicesAmt>800655</ProgramServicesAmt>
        <ManagementAndGeneralAmt>265166</ManagementAndGeneralAmt>
        <FundraisingAmt>78247</FundraisingAmt>
      </OtherEmployeeBenefitsGrp>
      <PayrollTaxesGrp>
        <TotalAmt>799402</TotalAmt>
        <ProgramServicesAmt>499660</ProgramServicesAmt>
        <ManagementAndGeneralAmt>246730</ManagementAndGeneralAmt>
        <FundraisingAmt>53012</FundraisingAmt>
      </PayrollTaxesGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>1494007</TotalAmt>
        <ProgramServicesAmt>466400</ProgramServicesAmt>
        <ManagementAndGeneralAmt>959806</ManagementAndGeneralAmt>
        <FundraisingAmt>67801</FundraisingAmt>
      </FeesForServicesOtherGrp>
      <AdvertisingGrp>
        <TotalAmt>192833</TotalAmt>
        <ManagementAndGeneralAmt>185333</ManagementAndGeneralAmt>
        <FundraisingAmt>7500</FundraisingAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>361917</TotalAmt>
        <ProgramServicesAmt>85403</ProgramServicesAmt>
        <ManagementAndGeneralAmt>123376</ManagementAndGeneralAmt>
        <FundraisingAmt>153138</FundraisingAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>337136</TotalAmt>
        <ProgramServicesAmt>28949</ProgramServicesAmt>
        <ManagementAndGeneralAmt>308187</ManagementAndGeneralAmt>
      </InformationTechnologyGrp>
      <OccupancyGrp>
        <TotalAmt>615988</TotalAmt>
        <ProgramServicesAmt>501571</ProgramServicesAmt>
        <ManagementAndGeneralAmt>88517</ManagementAndGeneralAmt>
        <FundraisingAmt>25900</FundraisingAmt>
      </OccupancyGrp>
      <TravelGrp>
        <TotalAmt>72369</TotalAmt>
        <ManagementAndGeneralAmt>349</ManagementAndGeneralAmt>
        <FundraisingAmt>72020</FundraisingAmt>
      </TravelGrp>
      <InterestGrp>
        <TotalAmt>224187</TotalAmt>
        <ManagementAndGeneralAmt>224187</ManagementAndGeneralAmt>
      </InterestGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>2396517</TotalAmt>
        <ProgramServicesAmt>1929420</ProgramServicesAmt>
        <ManagementAndGeneralAmt>367460</ManagementAndGeneralAmt>
        <FundraisingAmt>99637</FundraisingAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>187809</TotalAmt>
        <ProgramServicesAmt>126996</ProgramServicesAmt>
        <ManagementAndGeneralAmt>54254</ManagementAndGeneralAmt>
        <FundraisingAmt>6559</FundraisingAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>SCHOOL/ CLASSROOM</Desc>
        <TotalAmt>1510639</TotalAmt>
        <ProgramServicesAmt>1510639</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>REPAIRS &amp; MAINTENANCE</Desc>
        <TotalAmt>455639</TotalAmt>
        <ProgramServicesAmt>369550</ProgramServicesAmt>
        <ManagementAndGeneralAmt>67005</ManagementAndGeneralAmt>
        <FundraisingAmt>19084</FundraisingAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>AUXILLARY PROGRAMS</Desc>
        <TotalAmt>287730</TotalAmt>
        <ProgramServicesAmt>287730</ProgramServicesAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>1039697</TotalAmt>
        <ProgramServicesAmt>361844</ProgramServicesAmt>
        <ManagementAndGeneralAmt>668286</ManagementAndGeneralAmt>
        <FundraisingAmt>9567</FundraisingAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>26676216</TotalAmt>
        <ProgramServicesAmt>17710039</ProgramServicesAmt>
        <ManagementAndGeneralAmt>7570000</ManagementAndGeneralAmt>
        <FundraisingAmt>1396177</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>218502</BOYAmt>
        <EOYAmt>99075</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>4490262</BOYAmt>
        <EOYAmt>6915621</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <BOYAmt>2434675</BOYAmt>
        <EOYAmt>1673805</EOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <AccountsReceivableGrp>
        <BOYAmt>155255</BOYAmt>
        <EOYAmt>125784</EOYAmt>
      </AccountsReceivableGrp>
      <InventoriesForSaleOrUseGrp>
        <BOYAmt>45657</BOYAmt>
        <EOYAmt>65550</EOYAmt>
      </InventoriesForSaleOrUseGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>700705</BOYAmt>
        <EOYAmt>770292</EOYAmt>
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        <EOYAmt>7455000</EOYAmt>
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        <EOYAmt>1872735</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>23084064</BOYAmt>
        <EOYAmt>22593521</EOYAmt>
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      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
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        <EOYAmt>50644765</EOYAmt>
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        <EOYAmt>3404664</EOYAmt>
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        <BOYAmt>12991990</BOYAmt>
        <EOYAmt>13292922</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>67029350</BOYAmt>
        <EOYAmt>67342351</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>90113414</BOYAmt>
        <EOYAmt>89935872</EOYAmt>
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      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>-269948</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>576864</NetUnrlzdGainsLossesInvstAmt>
      <OtherChangesInNetAssetsAmt>6085</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
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      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
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      <SchoolInd>X</SchoolInd>
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    <IRS990ScheduleB documentId="RetDoc1234500001" />
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        <BeginningYearBalanceAmt>18027093</BeginningYearBalanceAmt>
        <ContributionsAmt>277477</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>1311103</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>929649</OtherExpendituresAmt>
        <EndYearBalanceAmt>18686024</EndYearBalanceAmt>
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      <CYMinus1YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>16729383</BeginningYearBalanceAmt>
        <ContributionsAmt>364139</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>1954658</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>1021087</OtherExpendituresAmt>
        <EndYearBalanceAmt>18027093</EndYearBalanceAmt>
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        <BeginningYearBalanceAmt>21150208</BeginningYearBalanceAmt>
        <ContributionsAmt>72932</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>-533199</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>3960558</OtherExpendituresAmt>
        <EndYearBalanceAmt>16729383</EndYearBalanceAmt>
      </CYMinus2YrEndwmtFundGrp>
      <CYMinus3YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>22443363</BeginningYearBalanceAmt>
        <ContributionsAmt>50605</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>-282200</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>1061560</OtherExpendituresAmt>
        <EndYearBalanceAmt>21150208</EndYearBalanceAmt>
      </CYMinus3YrEndwmtFundGrp>
      <CYMinus4YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>20756071</BeginningYearBalanceAmt>
        <ContributionsAmt>93811</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>2627321</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>1033840</OtherExpendituresAmt>
        <EndYearBalanceAmt>22443363</EndYearBalanceAmt>
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      <BoardDesignatedBalanceEOYPct>0.33770</BoardDesignatedBalanceEOYPct>
      <PrmnntEndowmentBalanceEOYPct>0.60860</PrmnntEndowmentBalanceEOYPct>
      <TermEndowmentBalanceEOYPct>0.05370</TermEndowmentBalanceEOYPct>
      <EndowmentsHeldUnrelatedOrgInd>1</EndowmentsHeldUnrelatedOrgInd>
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        <BookValueAmt>1599812</BookValueAmt>
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      <BuildingsGrp>
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        <DepreciationAmt>19029954</DepreciationAmt>
        <BookValueAmt>56009509</BookValueAmt>
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      <LeaseholdImprovementsGrp>
        <OtherCostOrOtherBasisAmt>1235556</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>564389</DepreciationAmt>
        <BookValueAmt>671167</BookValueAmt>
      </LeaseholdImprovementsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>10106224</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>9276241</DepreciationAmt>
        <BookValueAmt>829983</BookValueAmt>
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      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>580634</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>466973</DepreciationAmt>
        <BookValueAmt>113661</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>59224132</TotalBookValueLandBuildingsAmt>
      <OtherSecuritiesGrp>
        <Desc>TIFF INVESTMENTS</Desc>
        <BookValueAmt>17846563</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </OtherSecuritiesGrp>
      <TotalBookValueSecuritiesAmt>17846563</TotalBookValueSecuritiesAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>ACCRUED POST RETIREMENT COST</Desc>
        <Amt>2046683</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>UNAMORTIZED BOND ISSUANCE COSTS</Desc>
        <Amt>-173948</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>1872735</TotalLiabilityAmt>
      <FootnoteTextInd>X</FootnoteTextInd>
      <TotalRevEtcAuditedFinclStmtAmt>23472164</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>576864</NetUnrealizedGainsInvstAmt>
      <OtherRevenueAmt>-3503200</OtherRevenueAmt>
      <RevenueNotReportedAmt>-2926336</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>26398500</RevenueSubtotalAmt>
      <OtherRevenuesNotIncludedAmt>7768</OtherRevenuesNotIncludedAmt>
      <RevenueNotReportedFinclStmtAmt>7768</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>26406268</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>23049744</TotExpnsEtcAuditedFinclStmtAmt>
      <OtherExpensesIncludedAmt>123198</OtherExpensesIncludedAmt>
      <ExpensesNotReportedAmt>123198</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>22926546</ExpensesSubtotalAmt>
      <OtherExpensesNotIncludedAmt>3749670</OtherExpensesNotIncludedAmt>
      <ExpensesNotRptFinclStmtAmt>3749670</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>26676216</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL'S ENDOWMENT FUNDS ARE USED TO PROVIDE INCOME IN SUPPORT OF FACULTY SALARIES, SABBATICALS, PROFESSIONAL DEVELOPMENT, AND RETIREMENT; ACADEMIC CHAIRPERSONS, FINANCIAL AID, COMMUNITY SERVICE, CURRICULUM ENRICHMENT, VISITING LECTURES AND LIBRARY SERVICES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL IS A NON-PROFIT ORGANIZATION WHICH HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XI, LINE 2D - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>CHANGE IN SPLIT INTEREST 133,130. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST -128,045. FINANCIAL AID -3,508,285.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XI, LINE 4B - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>COST OF GOODS SOLD -88,036. RENTAL EXPENSE -35,162. FUNDRAISING EXPENSES -240,365. PARENTS' COUNCIL REVENUE 357,568. ALUMNAE ASSOCIATION REVENUE 13,763.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 2D - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>RENTAL EXPENSE 35,162. COST OF GOODS SOLD 88,036.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 4B - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>FINANCIAL AID 3,508,285. PARENTS' COUNCIL EXPENSES 236,793. ALUMNAE ASSOCIATION EXPENSES 4,592.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
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      <NondiscriminatoryPolicyStmtInd>1</NondiscriminatoryPolicyStmtInd>
      <PolicyStmtInBrochuresEtcInd>1</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>1</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>1</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>1</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>1</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>1</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>0</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>0</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>0</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>0</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>0</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>0</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>0</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>0</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>1</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>0</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>1</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>WEBSITE, NEWSPAPERS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL RECEIVES STATE ASSISTANCE FOR BOOKS.</ExplanationTxt>
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      <FundraisingEventInformationGrp>
        <Event1Nm>RAISE</Event1Nm>
        <GrossReceiptsEvent1Amt>206925</GrossReceiptsEvent1Amt>
        <CharitableContriEvent1Amt>98500</CharitableContriEvent1Amt>
        <GrossRevenueEvent1Amt>108425</GrossRevenueEvent1Amt>
        <OtherDirectExpensesEvent1Amt>169009</OtherDirectExpensesEvent1Amt>
        <Event2Nm>GOLF OUTING</Event2Nm>
        <GrossReceiptsEvent2Amt>63370</GrossReceiptsEvent2Amt>
        <CharitableContriEvent2Amt>31320</CharitableContriEvent2Amt>
        <GrossRevenueEvent2Amt>32050</GrossRevenueEvent2Amt>
        <OtherDirectExpensesEvent2Amt>28663</OtherDirectExpensesEvent2Amt>
        <OtherEventsTotalCnt>6</OtherEventsTotalCnt>
        <GrossReceiptsOtherEventsAmt>86693</GrossReceiptsOtherEventsAmt>
        <CharitableContriOtherEventsAmt>20281</CharitableContriOtherEventsAmt>
        <GrossRevenueOtherEventsAmt>66412</GrossRevenueOtherEventsAmt>
        <OthDirectExpnssOtherEventsAmt>42693</OthDirectExpnssOtherEventsAmt>
        <GrossReceiptsTotalAmt>356988</GrossReceiptsTotalAmt>
        <CharitableContributionsTotAmt>150101</CharitableContributionsTotAmt>
        <GrossRevenueTotalEventsAmt>206887</GrossRevenueTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>240365</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>240365</DirectExpenseSummaryEventsAmt>
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        <RecipientCnt>164</RecipientCnt>
        <CashGrantAmt>3508285</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>N/A</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>N/A</NonCashAssistanceDesc>
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        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL IS COMMITTED TO HAVING A SOCIO-ECONOMICALLY, ETHNICALLY, RACIALLY AND RELIGIOUSLY DIVERSE STUDENT BODY. THE SCHOOL IS ALSO COMMITTED TO MAKING ITS EDUCATIONAL OPPORTUNITIES AVAILABLE TO BRIGHT, MOTIVATED, AND TALENTED GIRLS REGARDLESS OF THEIR FAMILY'S ABILITY TO PAY. FINANCIAL AID DECISIONS ARE MADE ON THE BASIS OF DEMONSTRATED NEED AND THE AVAILABILITY OF FUNDS. EXPECTATIONS FOR FAMILIES: THE PRIME RESPONSIBILITY FOR FINANCING A STUDENT'S EDUCATION RESTS WITH HER FAMILY BEFORE APPLYING FOR FINANCIAL AID, FAMILIES SHOULD ADJUST SPENDING PRIORITIES, REEVALUATING EXPENSES RELATED TO ENTERTAINMENT, VACATIONS, SPORTS AND CLUB MEMBERSHIPS AND OTHER NON-ESSENTIAL EXPENDITURES. BOTH PARENTS (INCLUDING CUSTODIAL AND NON-CUSTODIAL) MUST SUBMIT A PARENTS' FINANCIAL STATEMENT (PFS) FORM TO THE SCHOOL AND STUDENT SERVICES FOR FINANCIAL AID (SSS) BY JANUARY 15TH. EARNINGS AND ASSETS OF STEPPARENT'S MUST ALSO BE INCLUDED. BOTH PARENTS ARE ALSO REQUIRED TO SUBMIT TO THE DIRECTOR OF FINANCIAL AID THE MOST RECENT FORM 1040. FINANCIAL AID IS RECALCULATED EACH YEAR USING CURRENT INFORMATION. EXPECTATIONS FOR THE FINANCIAL AID COMMITTEE SHOULD A CURRENTLY ENROLLED FAMILY EXPERIENCE A CHANGE IN THEIR ECONOMIC CONDITION, THE COMMITTEE WILL EVALUATE THEIR CIRCUMSTANCES (USING THE PFS AND TAX RETURNS) AND OFFER ASSISTANCE FOR ONE YEAR. A LONG TERM COMMITMENT WILL BE CONSIDERED BUT NOT GUARANTEED. ADMINISTRATION WILL KEEP WATCH ON ANY SIGNIFICANT GROWTH IN SUCH SITUATIONS AND ITS IMPACT ON THE FINANCIAL AID BUDGET. FINANCIAL AID DOLLARS WILL BE AWARDED WITHIN THE FOLLOWING RANGES: 45%-55%-UPPER SCHOOL, 25%-35%- MIDDLE SCHOOL, 15%-25%- LOWER SCHOOL. THE FINANCIAL AID COMMITTEE WILL GIVE PREFERENCE TO FACULTY CHILDREN ONLY WHEN MAKING AWARDS, CONSIDERATION WILL BE GIVEN TO SIBLINGS AND CHILDREN OF ALUMNAE, WHICH MEANS THAT THE COMMITTEE MAY WEIGH IN FAVOR OF THESE TWO SUBSETS WHEN ALL ELSE IS EQUAL. THE FINANCIAL AID COMMITTEE WILL EXERCISE CAREFUL, DELIBERATE CONSIDERATION WHEN AWARDING FINANCIAL AID, USING THE DIVISIONAL GUIDELINES, AS A TOOL FOR ENROLLMENT MANAGEMENT. FINANCIAL AID IS AVAILABLE TO ALL GRADES; HOWEVER THERE WILL BE A LIMIT OF 50% GRANT IN PRE-K. A STUDENT'S FINANCIAL AID ALLOCATION WILL BE RECONSIDERED AT KINDERGARTEN AND EVALUATED BASED ON FULL TUITION COST.</ExplanationTxt>
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      <PersonalServicesInd>X</PersonalServicesInd>
      <WrittenPolicyRefTAndEExpnssInd>1</WrittenPolicyRefTAndEExpnssInd>
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        <PersonNm>DR WENDY L HILL</PersonNm>
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        <PersonNm>A RANDOL BENEDICT</PersonNm>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MARGARET WELSH</PersonNm>
        <TitleTxt>DIRECTOR OF DEVELOPMENT</TitleTxt>
        <BaseCompensationFilingOrgAmt>169493</BaseCompensationFilingOrgAmt>
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        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
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        <PersonNm>MARIANDL HUFFORD</PersonNm>
        <TitleTxt>ASSISTANT HEAD OF SCHOOL</TitleTxt>
        <BaseCompensationFilingOrgAmt>134560</BaseCompensationFilingOrgAmt>
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        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 1A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE HEAD OF SCHOOL IS PROVIDED BENEFITS THAT RELATE TO BUSINESS TRAVEL AND FUNDRAISING ACTIVITIES. THE DISCRETIONARY ACCOUNT REIMBURSES THE HEAD OF SCHOOL FOR BUSINESS EXPENSES INCURRED PERSONALLY. THESE BUSINESS EXPENSES MAY RANGE FROM SUPPORT FOR ATHLETICS TO USING FUNDS TO ASSIST TEACHERS IN ATTENDANCE OF CONFERENCES. ALL EXPENSES ARE FULLY DOCUMENTED BY THE SCHOOL. THE HEAD OF SCHOOL IS ALSO REQUIRED TO LIVE IN A HOUSE SITUATED ON CAMPUS. THE VALUE OF THE HOUSING IS CALCULATED TO BE $57,600, WHICH HAS BEEN INCLUDED WITH THE HEAD OF SCHOOL'S OTHER NONTAXABLE BENEFITS.</ExplanationTxt>
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        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>DELAWARE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</BusinessNameLine1Txt>
        </IssuerName>
        <BondIssuerEIN>231997311</BondIssuerEIN>
        <CUSIPNum>246018EE1</CUSIPNum>
        <BondIssuedDt>2003-10-01</BondIssuedDt>
        <IssuePriceAmt>11000000</IssuePriceAmt>
        <PurposeDesc>SEE SCHEUDLE O</PurposeDesc>
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        <OnBehalfOfIssuerInd>0</OnBehalfOfIssuerInd>
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      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <RetiredAmt>3545000</RetiredAmt>
        <TotalProceedsAmt>11000000</TotalProceedsAmt>
        <IssuanceCostsFromProceedsAmt>186860</IssuanceCostsFromProceedsAmt>
        <CapitalExpendituresAmt>10813140</CapitalExpendituresAmt>
        <SubstantialCompletionYr>2004</SubstantialCompletionYr>
        <CurrentRefundingInd>0</CurrentRefundingInd>
        <AdvanceRefundingInd>0</AdvanceRefundingInd>
        <FinalAllocationMadeInd>1</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>1</AdequateBooksAndRecMaintInd>
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      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>0</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>1</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>1</MgmtContractBondFincdPropInd>
        <EngageBondCounselContractsInd>1</EngageBondCounselContractsInd>
        <AnyResearchAgreementsInd>0</AnyResearchAgreementsInd>
        <BondIssMeetPrvtSecPymtTestInd>0</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>0</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>1</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>0</Form8038TFiledInd>
        <RebateNotDueYetInd>0</RebateNotDueYetInd>
        <ExceptionToRebateInd>1</ExceptionToRebateInd>
        <NoRebateDueInd>0</NoRebateDueInd>
        <VariableRateIssueInd>1</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>0</HedgeIdentifiedInBksAndRecInd>
        <GrossProceedsInvestedInGICInd>0</GrossProceedsInvestedInGICInd>
        <GrossProceedsInvestedInd>0</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>1</WrittenProcToMonitorReqsInd>
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      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>1</ProceduresCorrectiveActionInd>
      </ProceduresCorrectiveActionGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE K - ADDITIONAL INFORMATION</FormAndLineReferenceDesc>
        <ExplanationTxt>ON APRIL 1, 2015, THE SCHOOL ENTERED INTO AN AGREEMENT WITH CITIZENS BANK AND NARBERTH BOROUGH INDUSTRIAL DEVELOPMENT AUTHORITY TO SELL THE BONDS IN ITS AGGREGRATE PRINCIPAL AMOUNT OF $8,320,000.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleK>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <BooksAndPublicationsGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <NoncashContributionsRptF990Amt>85229</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>PURCHASE PRICE</MethodOfDeterminingRevenuesTxt>
      </BooksAndPublicationsGrp>
      <SecuritiesPubliclyTradedGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>10</ContributionCnt>
        <NoncashContributionsRptF990Amt>831135</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>NYSE VALUE</MethodOfDeterminingRevenuesTxt>
      </SecuritiesPubliclyTradedGrp>
      <AnyPropertyThatMustBeHeldInd>0</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>0</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>1</ThirdPartiesUsedInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 32B:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION USES A THIRD PARTY BROKER TO PROCESS STOCK TRANSACTIONS RELATED TO THE CONTRIBUTION OF STOCK.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART I, LINE 1</FormAndLineReferenceDesc>
        <ExplanationTxt>THE AGNES IRWIN SCHOOL EMPOWERS GIRLS TO LEARN, TO LEAD, AND TO LIVE A LEGACY. AGNES IRWIN PROVIDES GIRLS WITH A DEEP FOUNDATION IN THE HUMANITIES, MATHEMATICS AND SCIENCE, WELLNESS AND ATHLETICS. IN AN INCLUSIVE SETTING THAT VALUES DIVERSITY, STUDENTS DEVELOP SKILLS IN CRITICAL AND ANALYTICAL THINKING,SELF-EXPRESSING, EFFECTIVE COMMUNICATION, AND COLLABORATION. A RICH AND VARIED APPROACH TO INSTRUCTION, TEAM AND INDIVIDUAL ENDEAVORS, INQUIRY, AND ASSESSMENT ENABLES GIRLS TO SOLVE PROBLEMS, DESIGN SOLUTIONS, CREATE MEANING, AND PREPARE FOR A COMPLEX AND CHALLENGING WORLD. WE BELIEVE THAT ALL GIRLS AND YOUNG WOMEN HAVE THE CAPACITY TO LEAD AND THAT LEADERSHIP CAN TAKE MANY FORMS. THEREFORE, THROUGH OUR INSTRUCTION, OUR COMMUNITY INTERATIONS, AND OUR DAILY CHOICES, WE AFFIRM THIS BELIEF AND PROVIDE AN ENVIRONMENT THAT CHALLENGES GIRLS TO DEVELOP THE CORE VALUES OF LEADERSHIP, EMPATHY, INTEGRITY, RESILIENCE, INDEPENDENT THINKING, AND COMMITMENT TO ACTION. AGNES IRWIN STUDENTS ARE A PART OF THE GLOBAL COMMUNITY OF GIRLS AND WOMEN. THEY ARE THE TRUSTEES OF OUR SCHOOL'S HERITAGE AND TRADITIONS. BY ADOPTING VALUES THAT FOSTER EQUITY, JUSTICE, SOCIAL RESPONSIBILITY, CIVIC MINDEDNESS, AND INTEGRITY, AND BY NURTURING POSITIVE RELATIONSHIPS AND INTENTIONAL DECISION MAKING, OUR STUDENTS AND ALUMNAE ENGAGE IN BOLD AND MEANINGFUL WAYS TO IMPACT OUR INTERCONNECTED WORLD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>ROBERT MCNEIL AND JOANNA MCNEIL LEWIS HAVE A FAMILY RELATIONSHIP.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 IS INITIALLY REVIEWED BY THE INTERIM CONTROLLER, AND THE CHIEF FINANCIAL OFFICER. ONCE INITIAL APPROVAL HAS OCCURED, THE RETURN IS THEN PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. THE FULL BOARD OF DIRECTORS THEN RECEIVES THE RETURN FOR REVIEW AND APPROVAL FOR A TWO WEEK PERIOD. ONCE THE TWO WEEK COMMENTS PERIOD HAS ENDED, THE RETURN IS THEN FINALIZED AND SUBMITTED TO THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>TRUSTEES AND EMPLOYEES ARE REQUIRED TO RE-EVALUATE AND DISCLOSE ANY CONFLICT OF INTEREST ON AN ANNUAL BASIS. THE TRUSTEES' MANUAL INCLUDES A CODE OF ETHICS AND ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE BUSINESS CODE OF ETHICS POLICY ANNUALLY. BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ABSTAIN FROM ANY DECISIONS AND OR INVOLVEMENT IN TRANSACTIONS IN WHICH A CONFLICT OF INTEREST MAY BE PRESENT. THE BOARD AS A WHOLE, LED BY THE CHAIRPERSON, MONITORS THE POLICY AND ANY POTENTIAL OR REAL CONFLICTS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF TRUSTEES' COMPENSATION COMMITTEE REVIEWS COMPARATIVE STATISTICS IN ORDER TO DETERMINE COMPENSATION FOR THE HEAD OF SCHOOL WITH THE ASSISTANCE OF AN INDEPENDENT CONSULTANT. SALARIES ARE BENCHMARKED WITH OTHER, SIMILAR ORGANIZATIONS, TO ENSURE COMPENSATION IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. ALL SALARY DISCUSSIONS ARE DOCUMENTED IN BOARD MINUTES. THE HEAD OF SCHOOL REVIEWS AND APPROVES COMPENSATION FOR THE OTHER KEY EMPLOYEES USING SIMILAR MARKET STUDIES AND SALARY SURVEYS TO ENSURE KEY EMPLOYEES' COMPENSATION IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. THE HEAD OF SCHOOL REVIEWS AND APPROVES FOR ALL OTHER EMPLOYEES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>CHANGE IN SPLIT INTEREST AGREEMENT 133,130. CHANGE IN BENEFICIAL INTEREST TRUST -128,045. OTHER ADJUSTMENT 1,000.</ExplanationTxt>
      </SupplementalInformationDetail>
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        <PrimaryActivitiesTxt>INVESTMENTS</PrimaryActivitiesTxt>
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