2018-05-11T17:06:06-05:00 2017-06-30 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 12207 990 2016-07-01 131740451 FORDHAM UNIVERSITY % NICHOLAS MILOWSKI FORD 7188171000 441 E Fordham Road Suite FMH 512 BRONX NY 104585170 MARTHA K HIRST VICE PRESIDENT FOR FINANCE 7188171000 2018-05-07 true MARILYN FARLEY P01231880 5184274600 2018-05-03 2016 2022-09-23 18:48:47Z X JOSEPH M MCSHANE SJ 441 EAST FORDHAM ROAD BRONX NY 104585170 1195307496 false X WWW.FORDHAM.EDU X 1841 NY TO PROVIDE THE HIGHEST QUALITY EDUCATION TO UNDERGRADUATE AND GRADUATE STUDENTS, IN THE JESUIT TRADITION. 39 35 7489 1900 -1560084 -1952860 66871154 87458714 691391724 722871200 13496798 26596148 124942 -182161 771884618 836743901 185924154 206801137 0 0 341563198 367408792 341510 365509 14790808 236957227 225934145 764786089 800509583 7098529 36234318 1814526108 1908507983 636826434 617056869 1177699674 1291451114 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 621575716 206801137 638331448 HIGHER EDUCATION FORDHAM UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL, NONSECTARIAN INSTITUTION OF HIGHER LEARNING, IN THE JESUIT TRADITION, WITHIN ITS PRINCIPAL CAMPUSES LOCATED IN NEW YORK CITY. FORDHAM UNIVERSITY SERVES AND EDUCATES APPROXIMATELY 9,300 UNDERGRADUATE STUDENTS AND 6,300 GRADUATE AND PROFESSIONAL STUDENTS. FOR MORE INFORMATION, SEE SCHEDULE O. 89324264 83079399 AUXILIARY ENTERPRISES THE UNIVERSITY PROVIDES VARIOUS SERVICES FOR THE BENEFIT OF ITS STUDENTS, FACULTY AND STAFF AND IN SUPPORT OF EDUCATION ACTIVITIES. THE MORE SIGNIFICANT SERVICES INCLUDE STUDENT HOUSING AND FOOD SERVICE. 710899980 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 false false true false true false false false true true true true false false true 816 0 true 7489 true true true true UK false false false true true false false false false X 39 35 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 EAST FORDHA 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 STEPHEN E BEPLER TRUSTEE (END 10/16) 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 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 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 PATRICIA M NAZEMETZ 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 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 180167 0 20696 BRIAN BYRNE VP FOR LINCOLN CENTER 35.0 0.0 X 322179 0 63227 THOMAS A DUNNE VP FOR ADMINISTRATION 35.0 0.0 X 404171 0 64230 STEPHEN FREEDMAN PROVOST 35.0 0.0 X 517250 0 61018 JEFFREY GRAY SVP FOR STUDENT AFFAIRS 35.0 0.0 X 364642 0 61719 MARTHA K HIRST SR VP, CFO & TREASURER 35.0 0.0 X 524025 0 21205 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 388143 0 29892 NICHOLAS MILOWSKI VP FOR FINANCE 35.0 0.0 X 327090 0 54085 FRANK SIRIANNI VP FOR TECHNOLOGY AND CIO 35.0 0.0 X 350933 0 63284 PETER STACE VP FOR ENROLLMENT 35.0 0.0 X 412007 0 61813 MARCO VALERA VP FOR FACILITIES MGMT 35.0 0.0 X 346953 0 62062 JAMES BRUDNEY PROFESSOR 35.0 0.0 X 415806 0 62755 MATTHEW DILLER DEAN 35.0 0.0 X 460616 0 61012 IFTEKHAR HASAN PROFESSOR 35.0 0.0 X 483130 0 61182 JEFFREY M NEUBAUER MEN'S BASKETBALL COACH 35.0 0.0 X 610420 0 42443 DONNA RAPACCIOLI DEAN 35.0 0.0 X 662297 0 62110 JOHN LORDAN FORMER SR VP, CFO & TREASURER 0.0 0.0 X 330000 0 0 FRANK SIMIO END ROLE 1115 FMR INT SR VP,CFO,TREAS&VP FIN 35.0 0.0 X 363670 0 62110 7463499 0 914843 740 true true false SCIAME CONSTRUCTION LLC 14 WALL STREET NEW YORK NY 10005 CONSTRUCTION 43620940 SODEXO INC AFFILIATES 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 FOOD SERVICE 13244892 ARAMARK SERVICES INC 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICE 9237508 SUMMIT SECURITY SERVICES 390 REXCORP PLAZA/LOBBY LEVEL UNIONDALE NY 11553 SECURITY SERVICE 7262986 CALDWELL WALSH BUILDING CONSTRUCT 60 EAST 42ND STREET SUITE 601 NEW YORK NY 10165 CONSTRUCTION 3399026 298 1895590 16972210 68590914 1782102 87458714 TUITION AND FEES 611600 630279517 630279517 AUXILIARY ENTERPRISES 611710 84539752 83079399 1460353 ATHLETIC AND SUMMER PROGRAMS 611710 2367506 2367506 FEES FOR EDUCATIONAL SERVICES 611600 2171301 2171301 FACILITIES RENTAL 611710 958462 958462 2554662 2554662 722871200 5730893 -1686935 7447828 60312 60312 303187 303187 500000 500000 0 500000 500000 378024459 357219516 20804943 20804943 20804943 231880 1895590 1344079 -1112199 -1112199 0 0 0 0 0 0 PARKING INCOME - OPEN TO PUBLIC 812930 106765 106765 TRAVEL TOURS 561500 20086 20086 126851 836743901 721410847 -1560084 29464424 1366735 1366735 205199430 205199430 234972 234972 0 4926389 2275732 2190472 460185 268097 100223 23556 144318 261830032 228571451 26839926 6418655 19196219 17489068 1401507 305644 63518880 51605337 9156165 2757378 17669175 16097827 1290018 281330 0 987256 987256 319500 319500 75835 75835 365509 365509 5615246 5615246 8982902 8006343 896965 79594 8280617 7514592 428315 337710 14151134 11937864 1776224 437046 9982768 5920354 4016490 45924 48667 34855 13812 54645211 41939117 12056422 649672 9928971 9084992 513622 330357 0 12500597 11023152 769477 707968 18186548 18109041 77507 0 51146803 47361940 2608487 1176376 3443697 1109581 2331697 2419 STUDENT MEAL PLAN COSTS 12194976 12194976 STUDENT EXCHANGE COSTS 5242771 5242771 LIBRARY MATERIALS 3137143 3137143 DUES/SUBSCRIPTIONS 1920756 1462664 332570 125522 5142747 3879820 1097726 165201 800509583 710899980 74818795 14790808 701076 398455 18396184 73684737 56102020 80827136 7561019 6843902 0 0 0 0 12286983 11260478 1343663 943385 3504744 4005436 1563102554 499857398 1068715557 1063245156 104618494 65118721 538413279 600796916 0 0 0 0 2883089 1383661 1814526108 1908507983 84646173 73486224 0 0 30656878 37098555 442659969 427536619 0 0 0 0 12688638 10153062 0 0 66174776 68782409 636826434 617056869 X 630167396 663489391 245865554 296035657 301666724 331926066 1177699674 1291451114 1814526108 1908507983 X 36234318 69695618 7821504 X false true X true true true X 63887862 82790803 58119927 66871154 87458714 359128460 0 0 63887862 82790803 58119927 66871154 87458714 359128460 26018490 333109970 9397733 12888322 11045770 11978403 6594392 51904620 0 1782199 1215453 1211641 1322144 1460353 6991790 418024870 3297081143 0.79687 0.82690 X SCHEDULE A, PART II, LINE 10 OTHER INCOME: LINE 10 INCLUDES OTHER PROGRAM REVENUE EXCLUDED FROM UNRELATED BUSINESS TAXABLE INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true true 11741 true 24598 false false true 60189 true 53454 true 34669 184651 false SCHEDULE C, PART II-B, LINE 1 LOBBYING ACTIVITIES: AN INSUBSTANTIAL PART OF THE UNIVERSITY'S ACTIVITIES WERE EXPENDED 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 FOUR ORGANIZATIONS, EACH OF WHICH ENGAGES IN SOME DEGREE OF LOBBYING ACTIVITY. TOTAL MEMBERSHIP DUES PAID DURING FISCAL 2017 (AND THE PORTIONS OF WHICH WERE ATTRIBUTED TO LOBBYING ACTIVITIES) WERE AS FOLLOWS: THE COMMISSION OF INDEPENDENT COLLEGES AND UNIVERSITIES $85,604 ($10,700) ASSOCIATION OF JESUIT COLLEGES AND UNIVERSITIES $83,583 ($4,179) NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES $15,000 ($1,050) AMERICAN COUNCIL ON EDUCATION $10,136 ($237). LOBBYING ACTIVITIES DO NOT CONSTITUTE A SUBSTANTIAL PORTION OF FORDHAM'S ACTIVITY. 4736410 X X false 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 491584850 59944223 59971427 6005495 9806028 3150485 592538492 0.38100 0.40700 0.21200 true false 11907246 11907246 1215171083 310563466 904607617 3063706 2270378 793328 293422025 174394987 119027038 39538494 12628567 26909927 1063245156 NONPUBLIC EQUITY FUNDS 209031660 F HEDGE FUNDS 141739898 F PRIVATE CAPITAL FUNDS 139056997 F PRIVATE REAL ASSETS 109075841 F OTHER 1892520 F 600796916 0 POST RETIREMENT BENEFITS OBLIGATION 58786000 U.S. GOVT REFUNDABLE ADVANCES 4761992 AMOUNTS HELD ON BEHALF OF OTHERS 3327847 CAPITALIZED LEASE OBLIGATION 1906570 68782409 X 706049959 69695618 -196118393 -126422775 832472734 5615246 -1344079 4271167 836743901 592347269 2654982 2654982 589692287 5615246 205202050 210817296 800509583 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, TO WHICH ADMISSION IS FREE OF CHARGE, IS OPEN TO THE PUBLIC FOR BOTH EDUCATIONAL AND RESEARCH 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 Universitys exempt purpose is subject to tax. The University did not have any material unrelated business income tax liability at June 30, 2017. 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 553,580 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 5,930,077 FINANCIAL AID AWARDS (205,199,430) ACTUARIAL GAIN NOT YET RECOG - POSTRETIREMENT PLAN 2,600,000 TRAVEL TOUR EXPENSE (2,620) ------------- TOTAL (196,118,393) SCHEDULE D, PART XI, LINE 4B OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES (1,344,079) SCHEDULE D, PART XII, LINE 2D OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 1,344,079 LONDON PGM EXP & CURRENCY ADJ 1,310,903 --------- TOTAL 2,654,982 SCHEDULE D, PART XII, LINE 4B OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 205,199,430 TRAVEL TOURS 2,620 ----------- TOTAL OTHER ADJUSTMENTS 205,202,050 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-DISCRIMINATORY POLICY ON ITS WEBSITE, AS WELL AS IN STUDENT REGISTRATION MATERIALS, STUDENT COURSE CATALOGS, AND EMPLOYEE JOB POSTINGS. SCHEDULE E, PART I, LINE 6 EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES RESEARCH, TRAINING, AND FINANCIAL AID FROM THE NATIONAL SCIENCE FOUNDATION, THE U.S. DEPARTMENT OF AGRICULTURE, THE U.S. DEPARTMENT OF EDUCATION, THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, AND VARIOUS OTHER NEW YORK STATE AND NEW YORK CITY AGENCIES. true Europe (Including Iceland and Greenland) 1 64 Program Services GLOBAL STUDIES 5272500 East Asia and the Pacific 28 Program Services GLOBAL STUDIES 844532 Sub-Saharan Africa 3 Program Services GLOBAL STUDIES 176449 Middle East and North Africa Program Services STUDY ABROAD 32047 Russia and the Newly Independent States Program Services STUDY ABROAD 16650 Europe (Including Iceland and Greenland) 1 3 Program Services STUDY ABROAD 356478 Europe (Including Iceland and Greenland) 10 Program Services LAW SCHOOL PROGRAM 179862 Sub-Saharan Africa 4 Program Services LAW SCHOOL PROGRAM 56302 East Asia and the Pacific 1 Program Services LAW SCHOOL PROGRAM 67016 East Asia and the Pacific Grantmaking 234972 Central America and the Caribbean Investments 214685493 Europe (Including Iceland and Greenland) Investments 22154057 2 113 2 113 244076358 244076358 East Asia and the Pacific PUBLIC SERVICE 110097 WIRE East Asia and the Pacific PUBLIC SERVICE 32824 WIRE East Asia and the Pacific PUBLIC SERVICE 92051 WIRE 1 2 true false true true true true SCHEDULE F, PART I, LINE 2 GRANT MONITORING: ANY ORGANIZATION OR ENTITY THAT RECEIVES SUBCONTRACT GRANTS 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 THE 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 BASED ON THE ACCRUAL METHOD OF ACCOUNTING, FOLLOWING FORDHAM UNIVERSITY'S AUDITED FINANCIAL STATEMENTS. X X X X X X X true RUFFALO NOEL LEVITZ LLC PROF. 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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) 72153 RESEARCH COLUMBIA UNIVERSITY 615 W 131 ST MC8741 NEW YORK NY 10027 135598093 501 (C) (3) 76776 RESEARCH MEMORIAL SLOAN KETTERING CANCER CENTER 1275 YORK AVENUE NEW YORK NY 10065 131924236 501 (C) (3) 49686 RESEARCH MORNINGSIDE CENTER FOR TEACHING SOCIAL RESP 475 RIVERSIDE DRIVE NEW YORK NY 10115 133185340 501 (C) (3) 585442 RESEARCH THE NEW JEWISH HOME 120 WEST 106TH STREET NEW YORK NY 10025 131624033 501 (C) (3) 64421 RESEARCH PENNSYLVANIA STATE UNIVERSITY 227 W BEAVER STATE COLLEGE PA 16801 246000376 115 37174 RESEARCH PROVIDENCE COLLEGE 1 CUNNINGHAM SQUARE PROVIDENCE RI 02918 050258932 501 (C) (3) 31573 RESEARCH NEW YORK UNIVERSITY 105 E 17TH STREET NEW YORK NY 10003 135562308 501 (C) (3) 19182 RESEARCH RESEARCH FOUNDATION OF CUNY 230 WEST 41ST STREET NEW YORK NY 10036 131988190 501 (C) (3) 228437 RESEARCH RESEARCH FOUNDATION OF SUNY PO BOX 9 ALBANY NY 12201 141368361 501 (C) (3) 6048 RESEARCH UNIVERSITY OF MASSACHUSETTS - BOSTON 100 MORRISSEY BLVD BOSTON MA 02125 043167352 115 24603 RESEARCH UNIVERSITY OF TEXAS AT AUSTIN PO BOX 7159 AUSTIN TX 78712 746000203 115 51315 RESEARCH UNIVERSITY OF VIRGINIA PO BOX 400195 CHARLOTTESVILLE VA 22904 546001796 115 108686 RESEARCH 13 0 STUDENT SCHOLARSHIPS 14798 205199430 N/A N/A SCHEDULE I, PART I, LINE 2 GRANT MONITORING: ANY ORGANIZATION OR ENTITY THAT RECEIVES SUBCONTRACT GRANTS 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 THE 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. FORDHAMS STUDENT FINANCIAL 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 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 TOWARDS A STUDENT'S TUITION, ROOM AND BOARD COSTS, THEREBY INSURING THE FUNDS ARE USED AS INTENDED. X X X true true X X X X true false false false false false false false false MARGARET BALL SECRETARY OF THE UNIVERSITY 178904 0 0 0 1263 0 19739 0 957 0 200863 0 0 0 BRIAN BYRNE VP FOR LINCOLN CENTER 319211 0 0 0 2968 0 29150 0 34077 0 385406 0 0 0 THOMAS A DUNNE VP FOR ADMINISTRATION 386688 0 0 0 17483 0 29150 0 35080 0 468401 0 0 0 STEPHEN FREEDMAN PROVOST 511639 0 0 0 5611 0 29150 0 31868 0 578268 0 0 0 JEFFREY GRAY SVP FOR STUDENT AFFAIRS 342722 0 0 0 21920 0 29150 0 32569 0 426361 0 0 0 MARTHA K HIRST SR VP, CFO & TREASURER 520348 0 0 0 3677 0 20575 0 630 0 545230 0 0 0 JOHN LORDAN FORMER SR VP, CFO & TREASURER 0 0 0 0 330000 0 0 0 0 0 330000 0 0 0 ROGER MILICI VP FOR DEV AND UNIV RELATIONS 386676 0 0 0 1467 0 29150 0 742 0 418035 0 0 0 NICHOLAS MILOWSKI VP FOR FINANCE 320395 0 0 0 6695 0 20575 0 33510 0 381175 0 0 0 FRANK SIMIO END ROLE 1115 FMR INT SR VP,CFO,TREAS&VP FIN 361123 0 0 0 2547 0 29150 0 32960 0 425780 0 0 0 FRANK SIRIANNI VP FOR TECHNOLOGY AND CIO 339818 0 0 0 11115 0 29150 0 34134 0 414217 0 0 0 PETER STACE VP FOR ENROLLMENT 406443 0 0 0 5564 0 29150 0 32663 0 473820 0 0 0 MARCO VALERA VP FOR FACILITIES MGMT 340961 0 0 0 5992 0 29150 0 32912 0 409015 0 0 0 JAMES BRUDNEY PROFESSOR 399343 0 0 0 16463 0 29150 0 33605 0 478561 0 0 0 MATTHEW DILLER DEAN 458216 0 0 0 2400 0 29150 0 31862 0 521628 0 0 0 IFTEKHAR HASAN PROFESSOR 480583 0 0 0 2547 0 29150 0 32032 0 544312 0 0 0 JEFFREY M NEUBAUER MEN'S BASKETBALL COACH 594222 0 10000 0 6198 0 29150 0 13293 0 652863 0 0 0 DONNA RAPACCIOLI DEAN 606388 0 0 0 55909 0 29150 0 32960 0 724407 0 0 0 SCHEDULE J, PART I FORDHAM UNIVERSITYS 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 2016 TOTALED $3,683,238. 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 or more HOURS, EMPLOYEES ARE AUTHORIZED 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. SCHEDULE J, PART I, LINE 1A TRAVEL FOR COMPANIONS: IN ACCORDANCE WITH THE UNIVERSITY'S TRAVEL AND BUSINESS EXPENSE GUIDELINES AND, IN LIMITED INSTANCES, FORDHAM MAY PERMIT COMPANION TRAVEL FOR BONA FIDE BUSINESS PURPOSES. COMPANION TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. ONE OFFICER REPORTED ON FORM 990, PART VII UTILIZED COMPANION TRAVEL DURING CALENDAR YEAR 2016. SCHEDULE J, PART I, LINE 1A 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. SCHEDULE J, PART I, LINE 4A THE FORMER SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER AND TREASURER, SEPARATED FROM THE UNIVERSITY IN SEPTEMBER 2014 AND IS ENTITLED TO PAYMENTS PURSUANT TO AN AGREEMENT. FROM JANUARY 1, 2016 THROUGH DECEMBER 31, 2016, THE UNIVERSITY MADE PAYMENTS IN CONNECTION WITH THIS AGREEMENT TOTALING $330,000 LESS APPLICABLE WITHHOLDING TAXES AND DEDUCTIONS, AND WHICH ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B) (III). 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 11790000 0 96895000 0 0 0 602276 59047 0 0 96233677 0 2008 true false true true B 13984720 50000000 152929720 0 0 0 1416066 0 0 151513654 0 0 2014 false false true true C 18771812 0 46206812 0 0 45346922 784889 0 0 0 75000 0 2013 true false true true D 10942433 0 66182432 0 0 0 867654 0 0 53755763 11252040 306975 true false false 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 MERRILL LYNCH 3.248 true false false 0 false true B false false true false false false 0 false 0 false true C false false true false 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 SCHEDULE K, PART II, LINES 13, 16 & 17 THE FINAL ALLOCATION OF PROCEEDS FOR THE 2014 BOND ISSUE HAS NOT BEEN MADE. SCHEDULE K, PART IV, LINE 2C, COLUMN A THE DATE OF THE REBATE COMPUTATION IS 7/9/2015. SCHEDULE K, PART IV, LINE 4C, COLUMN A ARBITRAGE THE UNIVERSITY PAYS A FIXED RATE OF 3.2475% AND RECEIVES 67% OF ONE MONTH LIBOR ON THE NOTIONAL PRINCIPAL AMOUNT OF THE 2008A BONDS. A DASNY SERIES 2016A 146000293 64990BD75 2016-05-05 169720220 REF PRIOR ISSUES & REN ACAD BLG false false false A 2760000 0 169720220 0 0 0 1209489 0 0 15075000 153435731 0 2016 true true true true A false false false false 0 false false false true A false true false false false false 0 false 0 false true A true 0 JILL LOGAN SEE PART V 138429 EMPLOYEE COMPENSATION false BRENDAN MCGUINNESS SEE PART V 117779 EMPLOYEE COMPENSATION false STEPHEN C MCGUINNESS SEE PART V 11889 EMPLOYEE COMPENSATION false SCHEDULE L, PART IV JILL LOGAN IS A FAMILY MEMBER OF PATRICIA NAZEMETZ, CURRENT TRUSTEE. JILL LOGAN ENDED HER ROLE AT THE UNIVERSITY ON JUNE 9, 2017. BRENDAN MCGUINNESS AND STEPHEN C. MCGUINNESS ARE FAMILY MEMBERS OF STEPHEN J. MCGUINNESS, CURRENT TRUSTEE. X 162178 APPRAISAL X 43 1539511 MARKET QUOTATION X SPORT EVNT TKTS 3 5408 COST X RECEPTION 15 61955 COST X PRINTED MAT 1 13050 COST 2 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 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 FORDHAMS 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 At Fordham, strategic planning is continuous planning. A dedicated committee of faculty and administrators crafted A Strategic Framework for Fordhams Future: Bothered Excellence, which was approved by the Board of Trustees in September 2016. The Strategic Framework identifies six areas of strategic work for the University to pursue, under the headings of the following priorities: - 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 Each of the priorities emerges out of the intersection of Fordhams mission as a Jesuit university with our location in New York City. The framework guides our strategic priorities and as our environment changes so might the framework. FORM 990, PART III, 4A PROGRAM SERVICE ACCOMPLISHMENTS: FORDHAM UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL, NONSECTARIAN INSTITUTION OF HIGHER LEARNING, IN THE JESUIT TRADITION, WITHIN ITS PRINCIPLE CAMPUSES LOCATED IN NEW YORK CITY. FORDHAM UNIVERSITY SERVES AND EDUCATES APPROXIMATELY 9,300 UNDERGRADUATE STUDENTS AND 6,300 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 FINANCE DEPARTMENT WORKS CLOSELY WITH KPMG LLP, AS PAID PREPARER OF FORDHAMS 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, THAT NO INDIVIDUAL MAY PARTICIPATE IN 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 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 XI, LINE 9 OTHER CHANGES IN NET ASSETS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 5,930,077 ACTUARIAL GAIN NOT YET RECOGNIZED - POSTRETIREMENT PLAN 2,600,000 UNREALIZED CHANGE IN FAIR VALUE OF PERPETUAL TRUST 553,580 LONDON PGM EXP & CURRENCY ADJ (1,310,903) LONDON UNSPENT CASH ON HAND 48,750 ----------- TOTAL TO FORM 990, PART XI, LINE 9 7,821,504 FORDHAM AIRVANA HOLDINGS LLC 888 SEVENTH AVE 7TH FLOOR NEW YORK NY 10019 131740451 HOLDING CO. 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