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1656899 0 8562771 0 178424170 174515558 257842 18084099 0 7947522 0 184909977 0.67700 0.23050 0.09250 false false 1334060 1334060 113006484 27973649 85032835 13118906 11502996 1615910 72519448 52275314 20244134 3158371 3158371 111385310 ALTERNATIVE INVESTMENTS 98515780 F 98515780 0 ACCRUED POST RETIREMENT BENEFIT 9241685 9241685 313169793 7864296 13917 13249685 21127898 292041895 264500 669412 933912 292975807 297060482 13917 14632253 14646170 282414312 264500 669411 933911 283348223 SCHEDULE D, PART III, LINE 4 COLLECTIONS AND HOW THEY FURTHER THE ORGANIZATION'S EXEMPT PURPOSE THE DONATED ARTWORK ASSISTS RAND IN ITS MISSION AS IT ALLOWS RAND TO OFFER COLLECTION TOURS AS PART OF DONOR CULTIVATION AND CONTINUES TO BE A FEATURED PART OF RAND'S ART AND ARCHITECTURE TOURS FOR THE COMMUNITY. SCHEDULE D, PART IV, LINE 1B TRUST ESCROW AND CUSTODIAL ARRANGEMENTS RAND CONTRIBUTES TO, AND IS THE SOLE TRUSTEE OF, A VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION IRREVOCABLE TRUST THAT IS USED TO PARTIALLY FUND HEALTH CARE BENEFITS FOR RETIREES AND THEIR ELIGIBLE DEPENDENTS. BENEFICIARIES SHARE SUBSTANTIALLY IN THE COST OF COVERAGE. SCHEDULE D, PART V, LINE 4 USES OF ENDOWMENT FUNDS RAND'S ENDOWMENT CONSISTS OF APPROXIMATELY 30 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. IT HAS BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT FUNDS. RAND HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS ENDOWMENT THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO THE PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. Schedule D, Part XI, Line 2d DETAIL OF AMOUNT RAND EUROPE REVENUE $ 13,249,685 Schedule D, Part XI, Line 4b DETAIL OF AMOUNT INTEREST INCOME GROSS UP $ 139,777 SUBLEASE REVENUE $ 528,807 RAND STORE REVENUE $ 829 ROUNDING ADJUSTMENT $( 1) ------------- TOTAL $ 669,412 Schedule D, Part XII, Line 2d DETAIL OF AMOUNT RAND EUROPE EXPENSE $ 14,540,383 RAND AUSTRALIA EXPENSE $ 91,870 -------------- TOTAL $ 14,632,253 Schedule D, Part XII, Line 4b DETAIL OF AMOUNT INTEREST INCOME GROSS UP $ 139,777 SUBLEASE REVENUE $ 528,807 RAND STORE REVENUE $ 829 ROUNDING ($ 2) ---------- TOTAL $ 669,411 Middle East and North Africa 1 3 Program services PUBLIC POLICY RESEARCH 268173 Russia and the Newly Independent States Program services PUBLIC POLICY RESEARCH 206580 Central America and the Caribbean Investments 10836300 1 3 1 3 11311053 11311053 true false true true true true SCHEDULE F, PART I, LINE 3, COLUMN B & C NUMBER OF OFFICES AND EMPLOYEES IN REGION THE OFFICE IN ABU DHABI WAS CLOSED IN FISCAL YEAR 2013, AND THE OFFICE IN QATAR WAS CLOSED IN FISCAL YEAR 2014. SCHEDULE F, PART I, LINE 3, COLUMN F ACCOUNTING METHOD CONSISTENT WITH OTHER EXPENDITURES DISCLOSED IN THIS 990 FORM, THE PROGRAM SERVICE EXPENDITURES LISTED IN SCHEDULE F, PART I ARE SHOWN USING AN ACCRUAL BASIS OF ACCOUNTING. true FELLOWSHIP GRANTS 7 327917 Schedule I, Part I, Line 2 DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF FUNDS TO ENHANCE ITS RESEARCH AGENDA AND PROVIDE VALUABLE TRAINING IN POLICY ANALYSIS, THE RAND CORPORATION PARTICIPATES IN A NUMBER OF PROGRAMS THAT PROVIDE FUNDING FOR FELLOWSHIPS. OUTSIDE ORGANIZATIONS, AGENCIES, AND FOUNDATIONS OCCASIONALLY MAKE FELLOWSHIPS AVAILABLE THROUGH GRANTS AWARDED TO RAND. SUCH OPPORTUNITIES ARE GENERALLY WIDELY ADVERTISED AND A COMPETITIVE APPLICATION PROCESS DETERMINES THE FELLOWSHIP RECIPIENT. FELLOWSHIP FUNDS ARE SEGREGATED AND MANAGEMENT ACTIVELY MONITORS SPENDING TO ENSURE ANY AND ALL REQUIREMENTS ARE MET, WHICH INCLUDES SUBMITTING PROGRESS REPORTS ATTESTING TO THE WORK COMPLETED BY THESE FELLOWS. X X X X true true X X X X X true true false false false false false true false MICHAEL D RICH PRESIDENT & CEO 476508 0 133014 0 41707 0 47515 0 21527 0 720271 0 36498 0 TIMOTHY M BONDS VICE PRESIDENT 239691 0 25772 0 801 0 30015 0 20058 0 316337 0 0 0 ALLISON E ELDER VICE PRESIDENT 207620 0 28503 0 779 0 27811 0 22329 0 287042 0 0 0 RICHARD FALLON SENIOR VICE PRESIDENT AND CFO 306838 0 61304 0 3190 0 30015 0 28527 0 429874 0 0 0 EDWARD T HARSHBERGER VICE PRESIDENT 227319 0 25791 0 908 0 30015 0 26822 0 310855 0 0 0 ANDREW HOEHN SENIOR VICE PRESIDENT 279524 0 44392 0 1377 0 30015 0 18794 0 374102 0 0 0 WILLIAM P HORRIGAN VICE PRESIDENT 259754 0 35298 0 4627 0 30015 0 27890 0 357584 0 0 0 DEBRA S KNOPMAN VICE PRESIDENT 263927 0 18805 0 2561 0 30015 0 27380 0 342688 0 0 0 LINDSEY C KOZBERG VICE PRESIDENT 219053 0 0 0 71115 0 22895 0 7960 0 321023 0 0 0 SUSAN L MARQUIS DEAN AND VICE PRESIDENT 280090 0 31814 0 962 0 30015 0 24538 0 367419 0 0 0 CHARLES P RIES VICE PRESIDENT 196245 0 33265 0 1897 0 26989 0 8446 0 266842 0 0 0 K JACK RILEY VICE PRESIDENT 242773 0 31057 0 2259 0 30015 0 8378 0 314482 0 0 0 MELISSA K ROWE VICE PRESIDENT 204725 0 26919 0 0 0 26745 0 23471 0 281860 0 0 0 DEBRA L SCHROEDER VP, GENERAL COUNSEL & CORP SEC 241086 0 15572 0 550 0 30015 0 19880 0 307103 0 0 0 JEFFREY WASSERMAN VICE PRESIDENT 213803 0 33623 0 63502 0 30015 0 30640 0 371583 0 0 0 MARLA C HAIMS SENIOR MANAGEMENT SCIENTIST 185751 0 3158 0 127543 0 19316 0 24791 0 360559 0 0 0 MICHAEL D HURD SENIOR PRINCIPAL RESEARCHER 268306 0 12000 0 685 0 30015 0 25830 0 336836 0 0 0 NICOLE A MAESTAS SENIOR ECONOMIST 234642 0 33238 0 10362 0 29915 0 24752 0 332909 0 0 0 JAMES P SMITH SENIOR PRINCIPAL RESEARCHER 334137 0 0 0 7194 0 30015 0 13128 0 384474 0 0 0 OBAIDULLAH YOUNOSSI SENIOR MANAGEMENT SCIENTIST 177270 0 48930 0 173007 0 26842 0 25248 0 451297 0 0 0 ROBERT H BROOK FORMER OFFICER 164903 0 0 0 10415 0 19210 0 26726 0 221254 0 0 0 JONATHAN GRANT FORMER OFFICER 0 198534 0 8280 0 0 0 15220 0 891 0 222925 0 0 ARTHUR L KELLERMANN FORMER OFFICER 202580 0 50 0 10588 0 24823 0 20519 0 258560 0 0 0 HANS PUNG FORMER OFFICER 0 198181 0 0 0 0 0 15854 0 887 0 214922 0 0 Schedule J, Part I, Line 1a SUPPLEMENTAL COMPENSATION INFORMATION RAND PROVIDES ADDITIONAL BENEFITS TO EMPLOYEES IN CONSIDERATION OF CERTAIN INTERNATIONAL ASSIGNMENTS, SUCH AS TAX INDEMNIFICATIONS, HOUSING AND TRANSPORTATION ALLOWANCES. BENEFITS ARE TAXABLE AND THUS REPORTED AS INCOME BY THE INDIVIDUAL. THESE BENEFITS ARE DETAILED IN AN EXPATRIATE AGREEMENT SIGNED BY THE INDIVIDUALS. TRAVEL IS AUTHORIZED FOR SPOUSES OF TRUSTEES, OFFICERS, AND VICE PRESIDENTS TWICE A YEAR FOR THE BOARD OF TRUSTEE MEETINGS. ALL SUCH TRAVEL EXPENSES ARE INCLUDED IN INCOME. SCHEDULE J, PART I, LINE 4A AN INDIVIDUAL REPORTED ON SCHEDULE J RECEIVED A SEVERANCE PAYMENT OF $52,000 DURING THE YEAR, UNDER AN AGREEMENT BETWEEN RAND AND THE EMPLOYEE WITH CONFIDENTIALITY. SCHEDULE J, PART I, LINE 4B IN CY2013, MICHAEL RICH RECEIVED PAYMENTS RELATED TO A NONQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). THE ORGANIZATION'S SERP PROVIDES A BENEFIT DETERMINED BY A FORMULA DRIVEN BY COMPENSATION, CONTINUOUS SERVICE AND AGE. THE BENEFIT IS PAID IMMEDIATELY AFTER THE END OF THE CALENDAR YEAR. THE MAXIMUM DEFERRAL AMOUNT UNDER SECTION 457(B), $17,500 FOR CY2013, IS DEPOSITED INTO A RABBI TRUST HELD BY TIAA-CREF (CUSTODIAN), WHICH ALLOWS THE EXECUTIVES TO DIRECT HOW THE BENEFITS WILL BE INVESTED WITHIN THEIR NONQUALIFIED RETIREMENT ACCOUNTS. THE REMAINDER ACCOUNTS ARE PAID DIRECTLY TO THE PARTICIPANT AND ARE INCLUDED AS PART OF THE W-2 EARNINGS UNDER SECTION 457(F). CY2013 PAYMENTS RELATED TO SECTION 457(F), INCLUDED IN SCHEDULE J, WERE $36,498 FOR MICHAEL RICH. SCHEDULE J, PART I, LINE 7 AS NOTED IN SCHEDULE O, PART OF THE BONUS PROVIDED TO PARTICIPANTS OF THE VARIABLE COMPENSATION PROGRAM IS DISCRETIONARY. A PREDETERMINED PERCENTAGE OF THE VARIABLE PAY MAY BE AWARDED AT THE DISCRETION OF THE CEO. THE VARIABLE COMPENSATION PROGRAM IS CONTINGENT ON WHETHER CERTAIN GOALS ARE ACHIEVED, INCLUDING CORPORATE FINANCIAL AND STRATEGIC ACHIEVEMENTS AS WELL AS INDIVIDUAL GOALS. THE CEO, CFO, UNIT AND DEPARTMENT HEADS, AND OTHERS PARTICIPATE IN THE PROGRAM. AN ANNUAL REVIEW PROCESS, INCLUDING REVIEW BY THE EXECUTIVE COMMITTEE OR COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE, HELPS ENSURE THAT GOAL MEASUREMENT IS VALIDATED AND PAYOUTS ARE IN ACCORDANCE WITH THE PROGRAM. SCHEDULE J, PART II, COLUMN B(III) OBAIDULLAH YOUNOSSI AND MARLA HAIMS HAD EXPATRIATE AGREEMENTS AT SOME TIME DURING THE COURSE OF CY2013. BENEFITS FROM SUCH AGREEMENTS ARE TAXABLE AND CONVEYED AS OTHER REPORTABLE COMPENSATION. A CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT PLAN 630304653 13033WK51 2008-05-13 34975000 SEE PART VI false false false B CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT PLAN 630304653 13033WK69 2008-06-02 93565000 SEE PART VI false false false A 0 0 34975000 0 0 0 0 0 0 0 0 0 2004 true false true true B 0 0 93565000 0 0 0 1035000 0 0 0 0 0 2004 true false true true A 0 B 0 A false false false true true true DEUTSCHE BANK 34.5 false false false 0 false true B false false false true true true BARCLAYS 34.7 false false false 0 false true A true B true PURPOSE OF BOND ISSUES SCHEDULE K, PART I, LINE A, COLUMN (F) SERIES 2008A BONDS REFUNDED SERIES 2007 BONDS, WHICH THEMSELVES REFUNDED SERIES 2002A BONDS. THE SERIES 2008A BONDS WERE ISSUED ON 5/13/2008. THE SERIES 2002A BONDS WERE ISSUED ON 7/2/2002. SCHEDULE K, PART I, LINE B, COLUMN (F) SERIES 2008B BONDS REFUNDED SERIES 2002B BONDS. THE SERIES 2008B BONDS WERE ISSUED ON 6/2/2008. THE 2002B BONDS WERE ISSUED ON 7/2/2002. SCHEDULE K, PART III PER IRS GUIDANCE CONTAINED IN THE FORM 990 SCHEDULE K INSTRUCTIONS, ORGANIZATIONS WHO HAVE OUTSTANDING BONDS (OVER $100,000) ISSUED AFTER 12/31/2002 MUST FILE A SCHEDULE K. RAND THEREFORE FILES A SCHEDULE K DUE TO ITS OUTSTANDING 2008A AND 2008B BONDS. HOWEVER, ALSO PER IRS GUIDELINES CONTAINED IN THE FORM 990 SCHEDULE K INSTRUCTIONS, ORGANIZATIONS REPORTING ON BONDS ISSUED AFTER 12/31/2002 BUT WHICH REFUNDED BONDS ISSUED PRIOR TO 12/31/2002 (WHETHER DIRECTLY OR THROUGH A SERIES OF REFUNDINGS) DO NOT REPORT INFORMATION IN PART III (PRIVATE BUSINESS USE) OF SCHEDULE K. RAND THEREFORE DOES NOT REPORT INFORMATION IN PART III OF SCHEDULE K. SCHEDULE K, PART IV, LINE 2 THE LAST REBATE COMPUTATION WAS PERFORMED ON THESE BONDS AS OF AUGUST 30, 2014. PART III, LINE 4A PROGRAM SERVICE ACCOMPLISHMENTS RAND IS A PUBLIC CHARITY AND AS SUCH RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM THE GOVERNMENT AND THE GENERAL PUBLIC (SEE ALSO SCHEDULE A). THIS SUPPORT IS NOT CONSIDERED PROGRAM SERVICE REVENUE AS DEFINED BY THE IRS AND THUS NOT REPORTED ON PART III, LINE 4A. HOWEVER, LIKE ALL PUBLIC CHARITIES, THIS SUPPORT IS USED TO FUND RAND'S PROGRAM SERVICES EXPENSES WHICH ARE REPORTED ON PART III, LINE 4A. PART VI, SECTION A, LINE 2 ANN MCLAUGHLIN KOROLOGOS AND DONALD RICE HAVE A BUSINESS RELATIONSHIP. ANN MCLAUGHLIN KOROLOGOS AND SHEILA BAIR HAVE A BUSINESS RELATIONSHIP. PART VI, SECTION B, LINE 11B ORGANIZATION'S GOVERNING BODY PROCEDURES FOR FORM 990 REVIEW RAND SUMMARIZES THE INFORMATION TO BE INCLUDED ON THE FORM 990 AND PROVIDES THE SUPPORT TO A THIRD-PARTY TAX FIRM SO THAT A DRAFT RETURN CAN BE COMPILED. THIS FIRM PROVIDES TAX GUIDANCE THROUGHOUT THE YEAR IN ADDITION TO PROVIDING GUIDANCE ON RETURN PREPARATION. ONCE THE DRAFT FORM 990 IS COMPILED, IT IS REVIEWED BY VARIOUS LEVELS OF MANAGEMENT WITHIN RAND, INCLUDING THE CFO. THE RAND BOARD OF TRUSTEES HAS DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY FOR THE OVERSIGHT OF THE FORM 990. THEREFORE, ONCE THE FORM 990 IS FINALIZED, IT IS THOROUGHLY REVIEWED BY THE AUDIT COMMITTEE (ALONG WITH THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS) AND APPROVED FOR RELEASE. THE FORM 990 IS THEN SUBMITTED TO THE IRS. PART VI, SECTION B, LINE 12A WRITTEN CONFLICT OF INTEREST POLICY ENFORCEMENT NEW STAFF MEMBERS RECEIVE COPIES OF SEVERAL KEY POLICIES, INCLUDING INSTITUTIONAL PRINCIPLES, CONFLICT OF INTEREST, QUALITY ASSURANCE, AND OTHER ESSENTIAL POLICIES. CONFLICT OF INTEREST, CORPORATE INTEGRITY, INSTITUTIONAL PRINCIPLES, AND ETHICS POLICES ARE POST PROMINENTLY ON RAND'S INTRANET. ALL EMPLOYEES ARE REQUIRED TO DISCLOSE OUTSIDE PROFESSIONAL ACTIVITIES, AND ALL OFFICERS, KEY STAFF MEMBERS AND STAFF WHO WORK ON RESEARCH PROJECTS ARE REQUIRED TO DISCLOSE RELATIONSHIPS AND FINANCIAL INTERESTS: (i) THAT ARE RELATED TO THEIR RESEARCH RESPONSIBILITIES, OR (ii) THAT COULD THAT COULD BRING INTO QUESTION THE OBJECTIVITY OF THE RESEARCH. SUCH DISCLOURES MUST BE MADE AT LEAST ANNUALLY, AND STAFF ALSO MUST REVIEW AND ACKNOWLEDGE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND COMPLETE RELEVANT TRAINING. PROSPECTIVE TRUSTEES ADVISE KEY MANAGEMENT OF ANY POSSIBLE CONFLICTS OF INTEREST BEFORE JOINING THE BOARD OF TRUSTEES. MOREOVER, ON AN ANNUAL BASIS EACH TRUSTEE IS ASKED BY THE VICE PRESIDENT, GENERAL COUNSEL, AND CORPORATE SECRETARY TO PROVIDE A LIST OF AFFILIATIONS IN WRITING THAT MAY RAISE A CONFLICT OF INTEREST ISSUE AND SIGN THE PRINCIPLES OF CONDUCT STATEMENT WHICH ASSERTS THAT THEY WOULD DISQUALIFY THEMSELVES FROM PARTICIPATING IN ANY RAND MATTERS WHICH THEY BELIEVE MAY GIVE RISE TO A POSSIBLE CONFLICT OF INTEREST. RAND MAINTAINS A FORMAL RECORD OF ALL INSTANCES WHERE TRUSTEES RECUSE THEMSELVES BECAUSE OF A POSSIBLE CONFLICT OF INTEREST. FINALLY, ALL RAND OFFICERS AND TRUSTEES ARE ASKED TO COMPLETE AN ANNUAL RELATED PARTY QUESTIONNAIRE, SENT BY RAND'S CFO ORGANIZATION, TO SUPPORT RAND'S RESPONSES TO CERTAIN QUESTIONS ON THE FORM 990. THIS QUESTIONNAIRE, WHICH IS REVIEWED BY VARIOUS LEVELS OF MANAGEMENT, SEEKS TO IDENTIFY FAMILY AND BUSINESS RELATIONSHIPS AMONGST THE TRUSTEES AND OFFICERS AND REPRESENTS ANOTHER OPPORTUNITY OTHER THAN THE ABOVE FOR POTENTIAL CONFLICTS TO BE IDENTIFIED. PER THE AUDIT COMMITTEE CHARTER, THE CORPORATE INTEGRITY PROGRAM AND CONFLICT OF INTEREST POLICY ARE REVIEWED ANNUALLY WITH THE AUDIT COMMITTEE. THE CONFLICT OF INTEREST POLICY WAS FORMALLY REVIEWED AND LAST APPROVED BY THE AUDIT COMMITTEE IN OCTOBER 2014. PART VI, SECTION B, LINE 13 WRITTEN WHISTLEBLOWER POLICY RAND HAS A WHISTLEBLOWER POLICY WHICH THE AUDIT COMMITTEE REVIEWS ANNUALLY. THE AUDIT COMMITTEE LAST REVIEWED AND APPROVED THE POLICY IN OCTOBER 2014. FORM 990, PART VI, SECTION B, LINE 14 WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY RAND HAS A DOCUMENT RETENTION AND DISPOSITION POLICY, WHICH THE AUDIT COMMITTEE REVIEWS ANNUALLY. THE AUDIT COMMITTEE LAST REVIEWED AND APPROVED THE POLICY IN OCTOBER 2014. PART VI, SECTION B, LINE 15A DETERMINATION OF COMPENSATION FOR CEO, EXEC DIRECTOR & TOP MANAGEMENT THE COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE CONDUCTS ANNUAL PERFORMANCE REVIEWS FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER AND THE SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER. AS PART OF THE YEARLY EVALUATION, THE COMMITTEE REVIEWS MARKET DATA FROM SEVERAL SALARY SURVEYS AND EMPLOYS AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW FOR REASONABLENESS. THE COMMITTEE RECOMMENDS SALARY INCREASES AND DISCRETIONARY AMOUNTS OF THE VARIABLE COMPENSATION PROGRAM FOR THE UPCOMING YEAR TO THE BOARD OF TRUSTEES WHO MAKES THE FINAL DECISION FOR THESE OFFICERS' COMPENSATION. THE COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE CONDUCTS THE REVIEW IN THE FALL AND DOCUMENTS THE REVIEW IN COMMITTEE MINUTES WHICH ARE THEN APPROVED AT THE NEXT MEETING. RAISES ARE EFFECTIVE IN FEBRUARY. PART VI, SECTION B, LINE 15B DETERMINATION OF COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES THE PRESIDENT AND CHIEF EXECUTIVE OFFICER REVIEWS THE COMPENSATION FOR OFFICERS AND OTHER RESEARCH HEADS, OTHER THAN THOSE MENTIONED IN PART VI-B, #15A. HE PUTS FORTH SALARY INCREASE SUGGESTIONS AFTER EXAMINING PERFORMANCE, SALARY SURVEYS, AND BENCHMARK STUDIES. THE SALARY INCREASES FOR KEY EMPLOYEES WITHIN THE RESEARCH GROUP ARE SUGGESTED BY THE GLOBAL RESEARCH TALENT VICE PRESIDENT. BOTH SETS OF RECOMMENDATIONS ARE GIVEN TO THE COMPENSATION AND LEADERSHIP DEVELOPMENT COMMITTEE, WHICH ULTIMATELY DECIDES ON THE SALARY INCREASES EACH YEAR. PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS AND POLICIES THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON RAND'S EXTERNAL WEBSITE: WWW.RAND.ORG. MOREOVER, THIS INFORMATION, AS WELL AS RAND'S GOVERNING DOCUMENTS AND FORM 990, IS AVAILABLE UPON REQUEST AND AT THE SANTA MONICA OFFICE. FURTHER, THIS INFORMATION HAS BEEN SUBMITTED TO SEVERAL STATES AND GOVERNMENT AGENCIES AS PART OF VARIOUS REGISTRATION PROCESSES AND IS AVAILABLE ON THOSE ORGANIZATIONS' WEBSITES. PART XI, LINE 9 OTHER CHANGES IN NET ASSETS ADJUSTMENT TO POST RETIREMENT LIABILITY ($ 858,123) CHANGES IN FMV OF DERIVATIVES ($ 1,969,439) ------------- TOTAL ($ 2,827,562) RAND CORPORATION ENDOWMENT TRUST 400 HOWARD STREET SAN FRANCISCO CA 94105 336357131 INVESTMENTS CA 938291 46799501 RAND CORP ROEA 1112 LLC 1776 MAIN STREET PO BOX 2138 SANTA MONICA CA 904072138 951958142 REAL EST HOLD CA 0 0 RAND CORP RAND EUROPE (UK) WESTBROOK CENTRE MILTON ROAD CAMBRIDGE, CB4 1YG UK POLICY RSRCH UK N/A N/A RAND CORP true RAND RETIREE MEDICAL BENEFIT PLAN 1776 MAIN STREET PO BOX 2138 SANTA MONICA CA 90407 954496399 FUND SUPPORT CA 501(c)(9) N/A RAND CORP true RAND EUROPE COMMUNITY INTEREST COMPANY WESTBROOK CENTRE MILTON ROAD CAMBRIDGE, CB4 1YG UK CONSULTANCY SRVCS UK RAND CORP C Corp 13249685 569027 1.00000 true The RAND Corporation (Australia) Pty Ltd LEVEL 9 NISHI 2 PHILLIP LAW ST Canberra ACT AU 2601 POLICY RESEARCH AU RAND CORP C Corp 0 28157 1.00000 true false false false true false false false false false false false false false false false false false true true RAND EUROPE COMMUNITY INTEREST COMPANY d 1334805 ACCRUAL METHOD RAND RETIREE MEDICAL BENEFIT PLAN r 1625082 ACCRUAL METHOD RAND RETIREE MEDICAL BENEFIT PLAN s 1135375 ACCRUAL METHOD THE RAND CORPORATION (AUSTRALIA) PTY LTD r 50000 ACCRUAL METHOD