FURMAN UNIVERSITY: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: FURMAN UNIVERSITY (EIN 57-0314395)
Tax period: 2013-07-01 to 2014-06-30
Filed: 2015-05-15
IRS object ID: 201521359349304057
Schema version: 2013v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-05-15T11:12:48-05:00	ReturnTs
Tax Period End	2014-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Cherry Bekaert LLP	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1111 Metropolitan Ave Suite 1000	AddressLine1
City	Charlotte	City
State	NC	State
ZIP Code	28204	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	570314395	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Furman University	BusinessNameLine1

Field	Value	IRS element (for citing)
In Care Of	% AMY BARNHILL	InCareOfNm
Business Name Control	FURM	BusinessNameControlTxt
Phone	8642943496	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3300 Poinsett Highway	AddressLine1
Address Line2	Suite	AddressLine2
City	Greenville	City
State	SC	State
ZIP Code	29613	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MARY LOU MERKT	PersonNm
Person Title	VP Finance & Admin	PersonTitleTxt
Phone	8642942140	PhoneNum
Signature	2015-05-12	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Janice A Ratica	PreparerPersonNm
PTIN	P00358837	PTIN
Phone	8642942140	PhoneNum

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MARY LOU MERKT	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	SAME AS C ABOVE	AddressLine1
City	Greenville	City
State	SC	State
ZIP Code	29613	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$274,349,605	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.furman.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1826	FormationYr
Legal Domicile State	SC	LegalDomicileStateCd
Activity Or Mission	Furman University is an institution of higher education providing a distinctive undergraduate and graduate education that emphasizes an engaged approach to liberal learning.	ActivityOrMissionDesc
Voting Members Governing Body	35	VotingMembersGoverningBodyCnt
Voting Members Independent	33	VotingMembersIndependentCnt
Total Employee	2757	TotalEmployeeCnt
Total Volunteers	1000	TotalVolunteersCnt
Total Gross UBI	$67,422	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$10,093	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$23,403,823	PYContributionsGrantsAmt
CY Contributions Grants	$16,924,220	CYContributionsGrantsAmt
PY Program Service Revenue	$149,335,949	PYProgramServiceRevenueAmt
CY Program Service Revenue	$156,859,490	CYProgramServiceRevenueAmt
PY Investment Income	$32,602,317	PYInvestmentIncomeAmt
CY Investment Income	$59,374,281	CYInvestmentIncomeAmt
PY Other Revenue	$2,227,425	PYOtherRevenueAmt
CY Other Revenue	$1,475,810	CYOtherRevenueAmt
PY Total Revenue	$207,569,514	PYTotalRevenueAmt
CY Total Revenue	$234,633,801	CYTotalRevenueAmt
PY Grants And Similar Paid	$48,118,127	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$54,062,279	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$75,324,303	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$73,769,621	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$3,390	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$4,168,278	CYTotalFundraisingExpenseAmt
PY Other Expenses	$61,738,118	PYOtherExpensesAmt
CY Other Expenses	$66,141,513	CYOtherExpensesAmt
PY Total Expenses	$185,180,548	PYTotalExpensesAmt
CY Total Expenses	$193,976,803	CYTotalExpensesAmt
PY Revenues Less Expenses	$22,388,966	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$40,656,998	CYRevenuesLessExpensesAmt
Total Assets BOY	$952,421,160	TotalAssetsBOYAmt
Total Assets EOY	$1,015,631,621	TotalAssetsEOYAmt
Total Liabilities BOY	$136,970,609	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$128,739,329	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$815,450,551	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$886,892,292	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	To provide a distinctive undergraduate liberal arts education which emphasizes an engaged approach to liberal learning. Furman also offers graduate programs in education and chemistry and also provides a continuing education program for the larger Greenville, SC community.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$126,762,931	ExpenseAmt
Grant	$53,574,735	GrantAmt
Revenue	$120,982,383	RevenueAmt
Desc	Instruction of approximately 3,000 students in undergraduate and graduate programs. In addition the University offers study away programs in more than 20 countries, and most are led by Furman faculty. Scholarships are awarded to eligible students based on financial need and academic merit. Approximately 2,364 students received scholarships from the institution during the year.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$25,058,692	ExpenseAmt
Revenue	$3,669,538	RevenueAmt
Desc	A Furman education includes co-curricular experiences which increase the trajectory of a student's development socially, physically, culturally, spiritually and intellectually. The overall student experience gives students the opportunity to test the theoretical in real world applications, thus preparing them for life beyond higher education. Itercollegiate athletics consists of 20 sports for men and women. Intramural and club sports are offered as well as opportunities to be involved in student government, service projects, student media outlets and over 140 different student organizations. Student Life programs include career services, a counseling center, student health, religious life, diversity and inclusion, residential life, and the The Trone Student Center and Student Activities.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$20,424,824	ExpenseAmt
Revenue	$27,291,327	RevenueAmt
Desc	The university conducted auxiliary enterprises for the convenience of students, faculty, staff, and the at-large community. These auxiliary enterprises consist of student housing, golf course, arena, and conference center.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$534,590	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$487,544	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$1,588,689	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$172,781,037	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	Yes (true)	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Temp Or Permanent Endowments	Yes (true)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	Yes (true)	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	Yes (true)	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (true)	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	Yes (true)	GrantToRelatedPersonInd
Business Rln With Org Mem	Yes (true)	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	463	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	2757	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form1098 C Filed	Yes (true)	Form1098CFiledInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	35	GoverningBodyVotingMembersCnt
Independent Voting Member	33	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	AMY BARNHILL	PersonNm
Phone	8642943496	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3300 POINSETT HIGHWAY	AddressLine1
City	GREENVILLE	City
State	SC	State
ZIP Code	29613	ZIPCode

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	Yes (X)	InfoInScheduleOPartVIIInd
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (52 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Robert H Buckman
Trustee	2.0	Yes (X)
Jolley Bruce Christman
Trustee	2.0	Yes (X)
C Jordan Clark
Trustee	2.0	Yes (X)	1.0
Richard Cullen
Trustee	2.0	Yes (X)
W Randy Eaddy
Trustee	2.0	Yes (X)
David G Ellison
Trustee	2.0	Yes (X)
Douglas K Freeman
Trustee	2.0	Yes (X)
Sean P Hartness
Trustee	2.0	Yes (X)
David L Hauser
Trustee	2.0	Yes (X)
Robert E Hill Jr
Trustee	2.0	Yes (X)
Stanford J Jennings
Trustee	2.0	Yes (X)
Juan D Johnson
Trustee	2.0	Yes (X)
James C Mabry IV
Trustee	2.0	Yes (X)
E Edwin Maddrey II
Trustee	2.0	Yes (X)
Ronald A Malone
Trustee	2.0	Yes (X)
Kathleen C McKinney
Trustee	2.0	Yes (X)
James M Ney
Trustee	2.0	Yes (X)
Paul L Robertson III
Trustee	2.0	Yes (X)
R Todd Ruppert
Trustee	2.0	Yes (X)
Daniel S Sanders
Trustee	2.0	Yes (X)
Peace Sterling Sullivan
Trustee	2.0	Yes (X)
William R Timmons III
Trustee	2.0	Yes (X)
David Trone
Trustee	2.0	Yes (X)
Baxter M Wynn
Trustee	2.0	Yes (X)
John C Yates
Trustee	2.0	Yes (X)
Ann P Bryan
Trustee	2.0	Yes (X)
Christopher W Collins
Trustee	2.0	Yes (X)
Larry D Estridge
Trustee	2.0	Yes (X)
Steven S Reinemund
Trustee	2.0	Yes (X)
Leighan R Rinker
Trustee	2.0	Yes (X)
Michael Riordan
Trustee	2.0	Yes (X)
William K Slate II
Trustee	2.0	Yes (X)
A Alexander Taylor II
Trustee	2.0	Yes (X)
William B Traxler Jr
Trustee	2.0	Yes (X)
Richard N Wrenn Jr
Trustee	2.0	Yes (X)
Carl F Kohrt
Interim President	40.0			Yes (X)	$234,878	$29,436
Mary Lou Merkt
VP for Finance & Administratio	40.0		1.0	Yes (X)	$213,575	$37,253
John Beckford
VP of Academic Affairs & Dean	40.0			Yes (X)	$170,917	$40,438
Gary E Clark
VP of Intercollegiate Athletic	40.0			Yes (X)	$161,466	$36,359
Michael Gatchell
VP of Development	40.0			Yes (X)	$160,590	$40,113
Connie L Carson
VP of Student Life	40.0			Yes (X)	$149,546	$26,709
Mark Kelly
VP of Marketing & PR	40.0			Yes (X)	$150,971	$37,573
Bruce Fowler
Head Football Coach	40.0				$233,300	$37,736	Yes (X)
Kristopher N Kapoor
Chief Investment Officer	40.0				$211,912	$26,404	Yes (X)
Fredrick M Miller
Chief Information Officer	40.0				$152,302	$42,043	Yes (X)
Donald L Gordon
Director Riley Institute	40.0				$150,214	$26,697	Yes (X)
Rodney Smolla
Senior Advisor	40.0				$513,889	$94,671		Yes (X)
Kenneth C Abernethy
Professor	40.0				$225,437	$34,138		Yes (X)
Lon B Knight
Professor	40.0				$194,530	$40,020		Yes (X)
Charles L Brewer
Professor	40.0				$165,912	$33,637		Yes (X)
Richard F Meade
Lacrosse Coach	40.0				$221,205	$47,206		Yes (X)
Jeffrey G Jackson
Men's Basketball Head Coach	40.0				$371,307	$35,454			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,681,951	TotalReportableCompFromOrgAmt
Total Other Compensation	$665,887	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	76	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1	CityContractorAddress/USAddress/City	StateContractorAddress/USAddress/State	ZIP CodeContractorAddress/USAddress/ZIPCode	ServicesServicesDesc	CompensationCompensationAmt
Aramark
Post Office Box 828441	PHILADELPHIA	PA	19182	Dining & Catering	$11,063,468
Triangle Construction Company
Post Office Box 6266 Station B	GREENVILLE	SC	29606	Construction	$4,954,881
EIIA Inc
200 South Wacker Drive Suite 1000	CHICAGO	IL	60606	Insurance, Risk Mgmt	$830,238
Osteen Construction Inc
616 Pace Bridge Road	MARIETTA	SC	29661	Construction	$943,810
Diversified Resources Inc
1241 Prince Perry Road	EASLEY	SC	29640	Construction	$820,198

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	63	CntrctRcvdGreaterThan100KCnt
Fundraising	$174,590	FundraisingAmt
Related Organizations	$429,664	RelatedOrganizationsAmt
Government Grants	$2,002,026	GovernmentGrantsAmt
All Other Contributions	$14,317,940	AllOtherContributionsAmt
Noncash Contributions	$2,811,556	NoncashContributionsAmt
Total Contributions	$16,924,220	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
TUITION AND FEES	900099	$120,982,383	$120,982,383
AUXILIARY SALES	713990	$27,020,010	$27,020,010
INTERCOLLEGIATE ATHLETICS	900099	$3,669,538	$3,669,538
OTHER INCOME	621300	$1,588,689	$1,588,689
COMMISSION INCOME	561499	$3,598,870		$3,598,870

Field	Value	IRS element (for citing)
Total Program Service Revenue	$156,859,490	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$14,249,801	TotalRevenueColumnAmt
Unrelated Business Revenue	$114,266	UnrelatedBusinessRevenueAmt
Exclusion	$14,135,535	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$39,156	TotalRevenueColumnAmt
Exclusion	$39,156	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$2,784,103	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$2,076,053	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$708,050	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$708,050	TotalRevenueColumnAmt
Unrelated Business Revenue	-$55,535	UnrelatedBusinessRevenueAmt
Exclusion	$763,585	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$82,445,543	SecuritiesAmt
Other	$12,951	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$37,141,128	SecuritiesAmt
Other	$192,887	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$45,304,415	SecuritiesAmt
Other	-$179,936	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$45,124,480	TotalRevenueColumnAmt
Exclusion	$45,124,480	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$129,152	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$174,590	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$165,063	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$35,911	TotalRevenueColumnAmt
Exclusion	-$35,911	ExclusionAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$203,317	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$140,673	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$62,644	TotalRevenueColumnAmt
Related Or Exempt Func Income	$53,953	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$8,691	UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	REGISTRATION, APPLICATION, AND POLICE FEES	Desc
Business	900099	BusinessCd
Total Revenue Column	$701,871	TotalRevenueColumnAmt
Related Or Exempt Func Income	$701,871	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$701,871	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$234,633,801	TotalRevenueColumnAmt
Related Or Exempt Func Income	$154,016,444	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$67,422	UnrelatedBusinessRevenueAmt
Exclusion	$63,625,715	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$449,854	TotalAmt
Program Services	$449,854	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$53,574,735	TotalAmt
Program Services	$53,574,735	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$37,690	TotalAmt
Program Services	$37,690	ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$2,370,432	TotalAmt
Program Services	$856,472	ProgramServicesAmt
Management And General	$1,313,257	ManagementAndGeneralAmt
Fundraising	$200,703	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$51,621,209	TotalAmt
Program Services	$42,876,337	ProgramServicesAmt
Management And General	$8,602,411	ManagementAndGeneralAmt
Fundraising	$142,461	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$5,402,351	TotalAmt
Program Services	$4,154,860	ProgramServicesAmt
Management And General	$1,018,721	ManagementAndGeneralAmt
Fundraising	$228,770	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$10,494,316	TotalAmt
Program Services	$7,977,535	ProgramServicesAmt
Management And General	$2,036,770	ManagementAndGeneralAmt
Fundraising	$480,011	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$3,881,313	TotalAmt
Program Services	$3,051,099	ProgramServicesAmt
Management And General	$673,824	ManagementAndGeneralAmt
Fundraising	$156,390	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$4,405,955	TotalAmt
Program Services	$2,838,395	ProgramServicesAmt
Management And General	$1,517,345	ManagementAndGeneralAmt
Fundraising	$50,215	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$100,342	TotalAmt
Program Services	$14,872	ProgramServicesAmt
Management And General	$85,470	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$88,719	TotalAmt
Management And General	$88,719	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$3,390	TotalAmt
Fundraising	$3,390	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$2,419,112	TotalAmt
Management And General	$2,419,112	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,051,369	TotalAmt
Program Services	$743,522	ProgramServicesAmt
Management And General	$304,939	ManagementAndGeneralAmt
Fundraising	$2,908	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$188,683	TotalAmt
Program Services	$116,549	ProgramServicesAmt
Management And General	$68,769	ManagementAndGeneralAmt
Fundraising	$3,365	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,645,237	TotalAmt
Program Services	$3,609,537	ProgramServicesAmt
Management And General	$1,853,547	ManagementAndGeneralAmt
Fundraising	$2,182,153	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$2,775,293	TotalAmt
Program Services	$2,484,048	ProgramServicesAmt
Management And General	$210,430	ManagementAndGeneralAmt
Fundraising	$80,815	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$3,299,765	TotalAmt
Program Services	$29,728	ProgramServicesAmt
Management And General	$3,270,037	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$7,089,944	TotalAmt
Program Services	$6,698,322	ProgramServicesAmt
Management And General	$208,874	ManagementAndGeneralAmt
Fundraising	$182,748	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$1,595,881	TotalAmt
Program Services	$1,300,901	ProgramServicesAmt
Management And General	$131,754	ManagementAndGeneralAmt
Fundraising	$163,226	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$3,073,929	TotalAmt
Program Services	$2,373,371	ProgramServicesAmt
Management And General	$700,558	ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$11,838,153	TotalAmt
Program Services	$9,929,740	ProgramServicesAmt
Management And General	$1,908,413	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$729,175	TotalAmt
Program Services	$310	ProgramServicesAmt
Management And General	$728,865	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
MEAL PLANS	$9,383,432	$9,383,432
RENTAL & MAINTENANCE	$3,478,639	$2,147,653	$1,327,439	$3,547
FACILITY SERVICE ALLOCATION		$13,703,804	-$13,703,804
ITS ALLOCATION		-$1,829,334	$1,829,334

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,977,885	TotalAmt
Program Services	$6,257,605	ProgramServicesAmt
Management And General	$432,704	ManagementAndGeneralAmt
Fundraising	$287,576	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$193,976,803	TotalAmt
Program Services	$172,781,037	ProgramServicesAmt
Management And General	$17,027,488	ManagementAndGeneralAmt
Fundraising	$4,168,278	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$9,908,443	BOYAmt
EOY	$15,574,868	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$10,639,740	BOYAmt
EOY	$10,469,273	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$20,529,363	BOYAmt
EOY	$15,934,074	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,138,238	BOYAmt
EOY	$2,406,622	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$4,513,785	BOYAmt
EOY	$4,421,632	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$252,990	BOYAmt
EOY	$244,499	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,837,782	BOYAmt
EOY	$1,505,750	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$410,836,989	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$150,803,955	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$260,180,379	BOYAmt
EOY	$260,033,034	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$98,188,865	BOYAmt
EOY	$133,682,865	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$540,494,962	BOYAmt
EOY	$568,653,867	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$4,736,613	BOYAmt
EOY	$2,705,137	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$952,421,160	BOYAmt
EOY	$1,015,631,621	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$11,942,285	BOYAmt
EOY	$6,870,585	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$7,576,032	BOYAmt
EOY	$9,215,219	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$98,630,000	BOYAmt
EOY	$96,605,000	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$7,049,295	BOYAmt
EOY	$5,155,575	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$11,772,997	BOYAmt
EOY	$10,892,950	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$136,970,609	BOYAmt
EOY	$128,739,329	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$297,127,573	BOYAmt
EOY	$325,819,603	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$361,427,949	BOYAmt
EOY	$399,942,303	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$156,895,029	BOYAmt
EOY	$161,130,386	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$815,450,551	BOYAmt
EOY	$886,892,292	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$952,421,160	BOYAmt
EOY	$1,015,631,621	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$40,656,998	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$30,429,991	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$354,752	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$14,344,396	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$17,281,759	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$30,063,845	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$23,403,823	CurrentTaxYearMinus1YearAmt
Current Tax Year	$16,924,220	CurrentTaxYearAmt
Total	$102,018,043	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$14,344,396	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$17,281,759	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$30,063,845	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$23,403,823	CurrentTaxYearMinus1YearAmt
Current Tax Year	$16,924,220	CurrentTaxYearAmt
Total	$102,018,043	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$0	SubstantialContributorsTotAmt
Public Support Total170	$102,018,043	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$7,811,631	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$7,660,988	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$9,323,314	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$9,635,313	CurrentTaxYearMinus1YearAmt
Current Tax Year	$14,288,957	CurrentTaxYearAmt
Total	$48,720,203	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,277,079	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,433,399	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,306,527	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,363,659	CurrentTaxYearMinus1YearAmt
Current Tax Year	$68,843	CurrentTaxYearAmt
Total	$8,449,507	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$949,767	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,089,626	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,255,061	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,086,740	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,784,103	CurrentTaxYearAmt
Total	$8,165,297	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$167,353,050	TotalSupportAmt
Gross Receipts Rltd Activities	$714,369,372	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.60960	PublicSupportCY170Pct
Public Support PY170	0.00000	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind
Public Support CY509	0.00000	PublicSupportCY509Pct

Form990 Schedule A Part IV Form990ScheduleAPartIVGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Gross Rents

Other Income is Gross Rent: 2013 - 2,104,593 2012 - 2,086,740 2011 - 1,255,061 2010 - 1,089,626 2009 - 949,767

Schedule A, Part I - Reason for Public Charity Status

THE UNIVERSITY IS CLASSIFIED AS A PUBLIC CHARITY, A SCHOOL, IN ACCORDANCE WITH SECTION 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE. HOWEVER, THE UNIVERSITY HAS ELECTED TO FOLLOW THE "SPECIAL RULE" FOR SCHEDULE B WHICH PROVIDES THAT 501(C)(3) ORGANIZATIONS THAT SATISFY THE 33 1/3% SUPPORT TEST OF SECTIONS 509(A)(1)/170(B)(1)(A)(VI) NEED ONLY LIST THE GREATER OF (1) $5,000 OR (2) 2% OF TOTAL CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS RECEIVED. THEREFORE, THE UNIVERSITY HAS CHECKED SCHEDULE A, PART 1, BOX 7 AND COMPLETED THE SUPPORT SCHEDULE IN PART II TO SUBSTANTIATE THAT IT MEETS THE PUBLIC SUPPORT TEST. THE UNIVERSITY CONTINUES TO QUALIFY AS A SCHOOL.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Funds And Other Accounts Held	7	FundsAndOtherAccountsHeldCnt
Funds And Other Accounts Contri	$101,034	FundsAndOtherAccountsContriAmt
Funds And Other Accounts Grants	$222,333	FundsAndOtherAccountsGrantsAmt
Funds And Other Accounts Vl EOY	$2,692,685	FundsAndOtherAccountsVlEOYAmt
Art Public Exhibition Amounts		ArtPublicExhibitionAmountsGrp
Held Works Art		HeldWorksArtGrp
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Solicited Assets Sale	false	SolicitedAssetsSaleInd
Agent Trustee Etc	false	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	false	InclEscrowCustodialAcctLiabInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$592,996,843	BeginningYearBalanceAmt
Contributions	$4,722,076	ContributionsAmt
Investment Earnings Or Losses	$83,577,966	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$8,997,876	GrantsOrScholarshipsAmt
Other Expenditures	$19,448,062	OtherExpendituresAmt
Administrative Expenses	$2,816,297	AdministrativeExpensesAmt
End Year Balance	$650,034,650	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$550,265,504	BeginningYearBalanceAmt
Contributions	$9,611,406	ContributionsAmt
Investment Earnings Or Losses	$60,686,228	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$8,491,806	GrantsOrScholarshipsAmt
Other Expenditures	$16,360,252	OtherExpendituresAmt
Administrative Expenses	$2,714,237	AdministrativeExpensesAmt
End Year Balance	$592,996,843	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$572,162,347	BeginningYearBalanceAmt
Contributions	$4,215,541	ContributionsAmt
Investment Earnings Or Losses	$670,762	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$8,044,600	GrantsOrScholarshipsAmt
Other Expenditures	$16,187,429	OtherExpendituresAmt
Administrative Expenses	$2,551,117	AdministrativeExpensesAmt
End Year Balance	$550,265,504	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$498,281,706	BeginningYearBalanceAmt
Contributions	$3,993,205	ContributionsAmt
Investment Earnings Or Losses	$94,266,399	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$7,593,368	GrantsOrScholarshipsAmt
Other Expenditures	$14,846,575	OtherExpendituresAmt
Administrative Expenses	$1,939,020	AdministrativeExpensesAmt
End Year Balance	$572,162,347	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$444,222,694	BeginningYearBalanceAmt
Contributions	$12,775,369	ContributionsAmt
Investment Earnings Or Losses	$63,490,049	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$7,095,624	GrantsOrScholarshipsAmt
Other Expenditures	$13,295,032	OtherExpendituresAmt
Administrative Expenses	$1,815,750	AdministrativeExpensesAmt
End Year Balance	$498,281,706	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.17000	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.24000	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.59000	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	Yes (true)	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	Yes (true)	EndowmentsHeldRelatedOrgInd
Related Org List Sch R	Yes (true)	RelatedOrgListSchRInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$25,589,828	OtherCostOrOtherBasisAmt
Book Value	$25,589,828	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$294,595,438	OtherCostOrOtherBasisAmt
Depreciation	$105,512,096	DepreciationAmt
Book Value	$189,083,342	BookValueAmt

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovementsGrp

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$86,242,465	OtherCostOrOtherBasisAmt
Depreciation	$45,291,855	DepreciationAmt
Book Value	$40,950,610	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,409,258	OtherCostOrOtherBasisAmt
Book Value	$4,409,258	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$260,033,038	TotalBookValueLandBuildingsAmt
Financial Derivatives		FinancialDerivativesGrp

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

Field	Value	IRS element (for citing)
Book Value	$379,079	BookValueAmt
Method Valuation	F	MethodValuationCd

Other Securities OtherSecuritiesGrp (8 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
EQUITY SECURITIES	$178,490,021	F
FIXED INCOME	$26,465,582	F
HEDGED STRATEGIES	$117,150,492	F
PRIVATE CAPITAL	$28,782,829	F
REAL ASSET FUNDS	$47,573,512	F
CASH/ST INVESTMENTS	$4,883,672	F
FUNDS HELD IN TRUST BY OTHERS	$162,505,844	F
REAL ESTATE	$2,422,836	C

Field	Value	IRS element (for citing)
Total Book Value Securities	$568,653,867	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDesc	AmtAmt
SPLIT INTEREST AGREEMENTS	$2,345,873
ADVANCES FROM FEDERAL GOV FOR	$4,377,624
INTEREST RATE SWAP AGREEMENT	$1,796,607
ASSET RETIREMENT OBLIGATION	$1,036,757
BOND PREMIUM	$1,183,079
CAPITAL LEASE AGREEMENTS	$153,010

Field	Value	IRS element (for citing)
Total Liability	$10,892,950	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D-Part X - FIN 48 Footnote	The University's policy is to record a liability for any tax position taken that is beneficial to the University, including any related interest and penalities, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2014 and 2013 and, accordingly, no liability has been accrued.
Schedule D-Part V, line 4 - Uses of Endowment Funds	The University's endowment consists of approximately 900 separate funds established over many years for scholarships, professorships, lectureships, academic programs and awards, building maintenance, and general institutional support. The overall financial objective of the endowment is to preserve and enhance the real (inflation-adjusted) purchasing power of the fund in perpetuity. The Board of Trustees designates only a portion of the University's cumulative investment return for support of current operations; the remainder is retained to support operations of future years and to offset potential market declines. The amount computed under the endowment spending policy of the investment pool is used to support current operations. The University expects the current spending policy to allow its endowment to maintain its purchasing power by growing at a rate equal to or greater than planned payouts. Additional real growth will be provided through new gifts and any excess investment returns.
Schedule D, Part III, Line 4 - Collections of Art and Historical Treasures	The University has a collection of decorative and fine art materials that is both extensive and diverse. Comprised of over 2,600 objects, many pieces are displayed throughout campus, while others are preserved. The objects have been generously donated to Furman and the objects connect the University to the wider world and are gateways to studying many different time periods, cultures, and disciplines. The collection's main purposes are to preserve the objects for future generations, educational opportunities, and exhibits.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule E Part I Line 3 - Racially Nondiscriminatory Policy

The University's nondiscrimination policy statement is accessible on all pages of the University's website for prospective students, employment applicants, and the general public. Additionally, the nondiscrimination policy statement is included in all brochures, catalogs, newspaper advertisements and other written communication with the public related to student admissions, programs, and scholarships as well as employment opportunities.

Schedule E Part I Line 6a - Financial Aid from Government Agency

The University participates in the Federal Pell Grant Program, the Federal Supplemental Educational Opportunity Grants Program, the Federal College Work Study Program, and the Federal Perkins Loan Program. Additionally, the University has received a number of grants from the National Science Foundation, The United States Department of Education, The Department of Health and Human Sciences, The Department of Defense, and The Department of Energy.

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (30 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Central America and the Caribbean	Program Services	Study Away-Instruction	$46,126
East Asia and the Pacific	Program Services	Study Away-Instruction	$223,770
Europe (Including Iceland and Greenland)	Program Services	Study Away-Instruction	$2,510,829
South Asia	Program Services	Study Away-Instruction	$244,526
Sub-Saharan Africa	Program Services	Study Away-Instruction	$78,522
Central America and the Caribbean	Program Services	Seminar	$5,164
East Asia and the Pacific	Program Services	Seminar	$19,561
East Asia and the Pacific	Program Services	Recruiting	$22,069
East Asia and the Pacific	Program Services	Research	$3,681
East Asia and the Pacific	Program Services	Study Abroad	$459
Europe (Including Iceland and Greenland)	Program Services	Seminar	$57,271
Europe (Including Iceland and Greenland)	Program Services	Recruiting	$5,168
Europe (Including Iceland and Greenland)	Program Services	Research	$13,667
Europe (Including Iceland and Greenland)	Program Services	Education	$4,130
Europe (Including Iceland and Greenland)	Program Services	Study Abroad	$4,817
North America	Program Services	Athletic Event	$3,683
North America	Program Services	Research	$2,288
North America	Program Services	Seminar	$18,995
South America	Program Services	Recruiting	$10,949
South Asia	Program Services	Seminar	$7,523
Sub-Saharan Africa	Program Services	Research	$10,651
Sub-Saharan Africa	Program Services	Seminar	$2,841
Central America and the Caribbean	Program Services	Research	$4,800
East Asia and the Pacific	Program Services	Recruiting	$7,800
East Asia and the Pacific	Program Services	Seminar	$14,181
East Asia and the Pacific	Program Services	Study Abroad	$23,490
Europe (Including Iceland and Greenland)	Program Services	Seminar	$1,920
Europe (Including Iceland and Greenland)	Program Services	Eductation	$17,193
Central America and the Caribbean	Investments		$106,283,066
East Asia and the Pacific	Investments		$1,599,500

Field	Value	IRS element (for citing)
Subtotal Spent	$3,245,731	SubtotalSpentAmt
Continuation Spent	$108,002,909	ContinuationSpentAmt
Total Spent	$111,248,640	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt
Central America and the Caribbean	Sponsorships/Grants/Donations	$27,690	Check
Central America and the Caribbean	Sponsorships/Grants/Donations	$10,000	WireTransfer

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt
Total Other Org	1	TotalOtherOrgCnt
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	false	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	false	PassiveForeignInvestmestCoInd
Foreign Partnership	false	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule F, Part I, Line 2 - Monitoring the use of grant funds	FormAndLineReferenceDesc
Explanation	Furman provides funding to faculty for research and other projects and to students for research and other projects. Expenses must be substantiated under the Accountable Plan to ensure proper use of funds. The University sometimes provides operating funds to collaborative organizations and charitable foreign organizations, which are not monitored beyond the original grant determination process.	ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Name Of Event1	History Lecture	NameOfEvent1Amt
Gross Receipts Event1	$81,450	GrossReceiptsEvent1Amt
Charitable Contri Event1	$55,125	CharitableContriEvent1Amt
Gross Revenue Event1	$26,325	GrossRevenueEvent1Amt
Food And Beverage Event1	$18,969	FoodAndBeverageEvent1Amt
Other Direct Expenses Event1	$58,296	OtherDirectExpensesEvent1Amt
Name Of Event2	Golf Tournament	NameOfEvent2Amt
Gross Receipts Event2	$78,286	GrossReceiptsEvent2Amt
Charitable Contri Event2	$57,621	CharitableContriEvent2Amt
Gross Revenue Event2	$20,665	GrossRevenueEvent2Amt
Non Cash Prizes Event2	$4,709	NonCashPrizesEvent2Amt
Rent Facility Costs Event2	$4,760	RentFacilityCostsEvent2Amt
Food And Beverage Event2	$6,505	FoodAndBeverageEvent2Amt
Other Direct Expenses Event2	$1,299	OtherDirectExpensesEvent2Amt
Other Events Total	7	OtherEventsTotalCnt
Gross Receipts Other Events	$144,006	GrossReceiptsOtherEventsAmt
Charitable Contri Other Events	$61,844	CharitableContriOtherEventsAmt
Gross Revenue Other Events	$82,162	GrossRevenueOtherEventsAmt
Non Cash Prizes Other Events	$11,049	NonCashPrizesOtherEventsAmt
Rent Fclty Costs Other Events	$38,920	RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events	$2,558	FoodAndBeverageOtherEventsAmt
Entertainment Other Events	$7,070	EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events	$10,928	OthDirectExpnssOtherEventsAmt
Gross Receipts Total	$303,742	GrossReceiptsTotalAmt
Charitable Contributions Tot	$174,590	CharitableContributionsTotAmt
Gross Revenue Total Events	$129,152	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$15,758	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$43,680	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$28,032	FoodAndBeverageTotalEventsAmt
Entertainment Total Events	$7,070	EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events	$70,523	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$165,063	DirectExpenseSummaryEventsAmt
Net Income Summary	-$35,911	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (5 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
The Greenville Drive LLC
945 South Main Street	Greenville	SC	29601	576019318	N/A	$75,000	Sponsorship
ZAP Fitness Foundation
Post Office Box 192	Blowing Rock	NC	28605	562275993	501 (C) 3	$9,047	Donation
Upcountry History Museum
540 BUNCOMBE ST	GREENVILLE	SC	29601	570833796	501(c)(3)	$325,000	OPERATING SUPPORT
Greenville Chamber of Commerce
24 Cleveland Street	Greenville	SC	29601	570173240	N/A	$11,260	Sponsorship
College of Charleston
66 George Street	Charleston	SC	29424	576000265	115 (2)	$7,500	Sponsored Research Subcontract

Field	Value	IRS element (for citing)
Total501c3 Org	2	Total501c3OrgCnt
Total Other Org	3	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt
Undergraduate scholarships	2011	$41,410,828
Athletic Scholarships	344	$11,217,973
Graduate Scholarships	9	$40,200
Internships	496	$619,194
Graduate Stipends	9	$48,600
Research Stipends	123	$237,940

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 - Monitoring the use of Grant Funds	FormAndLineReferenceDesc
Explanation	Furman provides scholarships and financial aid to individuals in the United States to attend the university. The scholarships and aid for such students are awarded based on need and merit and cover the costs of tuition, room and board. The scholarship and/or financial aid is awarded based on institutional policy and standards set forth by the US Department of Education and the State of South Carolina. The University's Financial Aid Department monitors the compliance with such regulations. The scholarship and/or financial aid is applied by the Financial Aid Department directly against the student's account with the University as a reduction in fees. As a result, the grant can only be used for its intended purpose (i.e. cost of attendance) and can not be diverted from this use. Other types of grants provided consist of research, internship or fellowship grants to students. Such grants are given and monitored by the academic department giving the grant or the Undergraduate Research and Internship Department.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Travel For Companions	Yes (X)	TravelForCompanionsInd
Idemnification Gross Up Pmts	Yes (X)	IdemnificationGrossUpPmtsInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (true)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (true)	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount
Carl F Kohrt
Interim President	$233,436	$1,442	$29,167	$269	$264,314
Rodney Smolla
Senior Advisor	$345,094	$48,795	$75,109	$19,562	$608,560	$120,000
Mary Lou Merkt
VP for Finance & Administratio	$157,226	$56,349	$27,043	$10,210	$250,828
John Beckford
VP of Academic Affairs & Dean	$165,609	$5,308	$22,149	$18,289	$211,355
Gary E Clark
VP of Intercollegiate Athletic	$159,840	$1,626	$20,604	$15,755	$197,825
Michael Gatchell
VP of Development	$151,229	$9,361	$20,705	$19,408	$200,703
Connie L Carson
VP of Student Life	$148,667	$879	$18,930	$7,779	$176,255
Mark Kelly
VP of Marketing & PR	$150,056	$915	$19,703	$17,870	$188,544
Bruce Fowler
Head Football Coach	$192,550	$32,272	$27,687	$10,049	$271,036	$8,478
Kristopher N Kapoor
Chief Investment Officer	$148,832	$36,539	$14,277	$12,127	$238,316	$26,541
Kenneth C Abernethy
Professor	$203,636	$21,801	$18,226	$15,912	$259,575
Lon B Knight
Professor	$170,486	$24,044	$22,834	$17,186	$234,550
Charles L Brewer
Professor	$142,418	$23,494	$21,408	$12,229	$199,549
Jeffrey G Jackson
Men's Basketball Head Coach	$171,907	$199,400	$12,760	$22,694	$406,761
Fredrick M Miller
Chief Information Officer	$134,340	$17,962	$19,965	$22,078	$194,345
Donald L Gordon
Director Riley Institute	$138,674	$11,540	$18,915	$7,782	$176,911
Richard F Meade
Lacrosse Coach	$193,011	$28,194	$27,844	$19,362	$268,411

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule J-Part I, Line 4b - Supplemental Nonqualified Retirement Plan	Rodney Smolla participated in and received payments of $35,000 under a deferred compensation plan described under section 457(f) of the Internal Revenue Code. Such amounts were subject to a substantial risk of forfeiture as defined under IRC Section 457(f).
Schedule J, Part I, Line 1a - Residence for Personal Use	The President of the university and his family reside at White Oaks which is the official residence of the President. The President is required to live at White Oaks as a condition of his employment. The residence is owned and maintained by the University. Cleaning, maintenance, and grounds keeping services are provided by the University for public areas of the residence only. The President hosts University events at White Oaks as well.
Schedule J, Part I, Line 1a - Social Club Dues	Rodney Smolla, Carl Kohrt and Mike Gatchel were provided with club memberships. To the extent the dues were considered personal, the amounts were included in taxable income or reimbursed to the University, otherwise the dues were to allow our employees to meet with donors and other supporters of the University at the club. Furman policy governs the nature and type of allowable expenditures and payments, including requirements to provide supporting documentation detailing the transaction and business purpose of any approved expenditures.
Schedule J Part I, Line 4A - Severance Payments	Jeffrey Jackson received severance payments totaling $192,929.
Schedule J-Part I, Line 7 - Non-fixed payments	Furman University made non-fixed bonus payments to Rodney Smolla, Bruce Fowler, and Kristopher Kapoor. The payments were for merit and were not contingent on the revenues or net earnings of the University or any related organziation.
Schedule J-Part I, Line 1a - Travel for Companions	Companions have traveled with Rodney Smolla and Bruce Fowler. To the extent it was personal in nature, such amounts were included in their taxable income.
Schedule J-Part I, Line 1A - Tax Indemnification	Kristopher Kapoor received a benefit that was grossed up to compensate for withholding of taxes.
Schedule J-Part I, Line 1A - Charter Travel	Gary Clark and Bruce Fowler have used charter travel services. Such travel was for business purposes and not included in taxable income to the individuals.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
Educ Facilities Authority for Private Non-Profit
A	576000286	936896GB0	2006-04-16	$41,545,074	Construction and Capital Improveme	false	false	false
Educ Facilities Authority for Private Non-Profit
B	576000286	836896GE4	2006-07-06	$46,660,000	Refunding and Capital Improvements	false	false	false
Educ Facilities Authority for Private Non-Profit
C	576000286	836896JA4	2010-03-18	$21,867,529	Refunding and Capital Improvements	false	false	false

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Bond DefeasedBondDefeasedAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Refunding EscrowRefundingEscrowAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Credit EnhancementCreditEnhancementAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	UnspentUnspentAmt	Substantial CompletionSubstantialCompletionYr	Current RefundingCurrentRefundingInd	Advance RefundingAdvanceRefundingInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd
A	$0	$0	$43,840,225	$0	$0	$0	$240,000	$0	$0	$42,713,484	$0	$0	2008	false	false	Yes (true)	Yes (true)
B	$785,000	$0	$47,233,539	$0	$0	$0	$305,000	$0	$0	$11,050,906	$0	$0	2008	Yes (true)	false	Yes (true)	Yes (true)
C	$1,240,000	$0	$21,867,529	$0	$0	$0	$277,059	$0	$0	$1,000,000	$0	$0	2012	Yes (true)	Yes (true)	Yes (true)	Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Any Research AgreementsAnyResearchAgreementsInd	Private Bus Use By OthersPrivateBusUseByOthersPct	Private Bus Concerning UBIPrivateBusConcerningUBIPct	Total Private Business UseTotalPrivateBusinessUsePct	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	false	false	false	false	0.00000	0.00000	0.00000	Yes (true)
B	false	false	false	false	0.00000	0.00000	0.00000	Yes (true)
C	false	false	false	false	0			Yes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Business Name Line1GICProviderName/BusinessNameLine1	Term Of GICTermOfGICPct	Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd	Term Of HedgeTermOfHedgePct	Superintegrated HedgeSuperintegratedHedgeInd	Hedge TerminatedHedgeTerminatedInd
0
A	false	Yes (true)	false	false	Yes (true)	HYPE PUBLIC FINANCE	2.2	Yes (true)	false	Yes (true)
WELLS FARGO
B	Yes (true)		Yes (true)	Yes (true)	Yes (true)	TRINITY PLUS FUNDING	1.8	Yes (true)	false	Yes (true)	20.	false	false
0
C	false	Yes (true)	false	false	false	0			false	Yes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCd
A
B
C

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part II, Line 3 Column A - Proceeds for Issue	Issue Price of the Bonds per Part I (E) $41,545,074 Investment earnings 2,295,151 Total Proceeds of Issue per Part II, Line 3 $43,840,225
Part II, Line 3 Column B - Proceeds for Issue	Issue Price of the Bonds per Part I (E) $46,660,000 Investment Earnings 889,182 Arbitrage Rebate Payment (315,643) Total Proceeds of Issue Part II, Line 3 $47,233,539
Part II, Line 3 Column C - Proceeds for Issue	Issue Price of the Bonds per Part I (E) $21,867,530 Investment Earnings 5 Total Proceeds of Issue per Part II, Line 3 $21,867,535
Part IV, 2c - Rebate Computation Performed	Rebate computation was performed on 8/25/2009.
Part IV, 2c - Rebate Computation Performed	Rebate computation was performed on 8/25/2009.

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxt	Cash GrantCashGrantAmt	Type Of AssistanceTypeOfAssistanceTxt	Assistance PurposeAssistancePurposeTxt
NA
N/A	$2,000	Tuition Discount	Athletic Scholarship
NA
N/A	$25,000	Tuition Discount	Merit Scholarship
NA
N/A	$42,784	Tuition Discount	Dependent Tuition

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Juan Johnson Consulting
See Part V	$120,000	Consulting Services	false
Courtney Tollison
See Part V	$68,512	Employee wages	false
Lynne Kohrt
See Part V	$35,000	Employee wages	false
William B Merkt
See Part V	$12,300	Employee wages	false

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule L, Part III - Business Transaction Benefiting Interested Persons

The University has an employee dependent tuition remission benefit plan, which is available to all empoyees and eligible dependents.

Schedule L, Part III - Business Transaction Involving Interested Persons

Juan Johnson Consulting and Facilitation LLC: University Trustee, Juan Johnson, is an officer of Juan Johnson Consulting and Facilitation, LLC. The company provides diversity leadership training through the Richard W. Riley Institute of Government, Politics and Public Leadership at Furman University. Courtney Tollison: Spouse of University Trustee, Sean Hartness, was paid wages for her employment with the filing organization. Lynne Kohrt: Spouse of the University's Interim President, was paid wages for her employment with the filing organization. William Merkt: Spouse of officer, Mary Lou Merkt, was paid wages for his employment with the filing organization.

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$1	NoncashContributionsRptF990Amt

Field	Value	IRS element (for citing)
Art Historical Treasures		ArtHistoricalTreasuresGrp
Art Fractional Interest		ArtFractionalInterestGrp

Books And Publications BooksAndPublicationsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$1	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Clothing And Household Goods		ClothingAndHouseholdGoodsGrp

Cars And Other Vehicles CarsAndOtherVehiclesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	16	ContributionCnt

Field	Value	IRS element (for citing)
Boats And Planes		BoatsAndPlanesGrp
Intellectual Property		IntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	85	ContributionCnt
Noncash Contributions Rpt F990	$2,680,810	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Securities Closely Held Stock SecuritiesCloselyHeldStockGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$100,034	NoncashContributionsRptF990Amt
Method Of Determining Revenues	independent value	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Secur Prtnrshp Trust Intrsts		SecurPrtnrshpTrustIntrstsGrp
Securities Miscellaneous		SecuritiesMiscellaneousGrp
Qualified Contrib Hist Struct		QualifiedContribHistStructGrp
Qualified Contrib Other		QualifiedContribOtherGrp
Real Estate Residential		RealEstateResidentialGrp
Real Estate Commercial		RealEstateCommercialGrp
Real Estate Other		RealEstateOtherGrp
Collectibles		CollectiblesGrp
Food Inventory		FoodInventoryGrp
Drugs And Medical Supplies		DrugsAndMedicalSuppliesGrp
Taxidermy		TaxidermyGrp
Historical Artifacts		HistoricalArtifactsGrp
Scientific Specimens		ScientificSpecimensGrp
Archaeological Artifacts		ArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp (8 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	Insurance Premiums	2	$1,970	cost
Yes (X)	Clothing & Household Goods	22	$939	FMV
Yes (X)	Cars & Other Vehicles	1	$3,050	FMV
Yes (X)	Collectibles	1	$1	FMV
Yes (X)	Food Inventory	12	$19,082	Retail
Yes (X)	Door Prizes	3	$2,510	Retail
Yes (X)	Electronics	2	$1,079	FMV
Yes (X)	Orange Bowl Tickets	4	$2,080	Retail

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	Yes (true)	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule M, Part I-Column(b) - Number of Contributions	Furman University is entering the number of contributions received of each type in accordance with the university's recordkeeping practices.
Schedule M, Part I-Line 32 Hire and Use of Third Parties	Various banks and brokers are used to sell donated securities.
Schedule M, Part I-Line 33 - Revenues not Reported	Furman University received contributed services valued at $23,201 for courtesy cars used by employees.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part VI, Section B, Line 11B - Review Process of 990	The university's Audit Committee of the Board of Trustees reviewed the prepared Form 990 prior to filing with the IRS. Specific issues and/or questions that arose during the review process were addressed. The public disclosure copy of Form 990 was provided to the remaining voting members of the University's Board of Trustees.
Part XII, line 2b - Audited Financial Statements	Furman University has an annual audit and issues consolidated financial statements of the University and the Furman University Foundation.
Part VI, Section B, Line 12c - Conflict of Interest Policy	The Conflict of Interest Policy for the Board of Trustees is included in Section 9 of the Furman University By-Laws. Each member of the Board of Trustees is required to complete a Conflict of Interest Disclosure Form at the first meeting of each academic year. Each Trustee shall disclose to the Board Chair any additional potential conflicts of interest at the earliest practical time. Additionally, the University has a Conflict of Interest Policy for Employees with Executive or Administrative Responsibilities as the University recognizes that such employees have a duty of loyalty and fidelity in carrying out their responsibilities. This policy applies to those employees designated by the President as having executive or administrative responsibilities. Each such employee is required, at least annually, to complete the Questionnaire. This questionnaire requires disclosure of any potential conflicts of interest and is administered by the Human Resoures Department.
Part VI, Section C, Line 19 - Disclosure	Furman University makes its governing documents, conflict of interest policy, and financial statements available upon request. Additionally, the University's consoldiated financial statements and Form 990 can be found on the Furman website. The consolidated financial statements are included on the NACUBO website.
Part VI, Section B, Line 15 - Compensation Process	The compensation of the University's President is determined annually by the Executive Committee of the Board of Trustees. The committee commissioned studies of peer institutions' executive compensation conducted by independent consultants. Final compensation is approved by the Executive Committee on an annual basis. The President's employment is guided by a written employment contract,signed by both parties. Additionally, the independent consultants review and analyze three of the officers' salaries annually. The three officers' salaries are selected by the independent consultants and are selected on a rotation basis. Executive Committee meetings are documented.
Schedule R, Part V, Line 2 - Transactions with Related Organizations	The Upcountry History Museum is a 501(c)(3) tax exempt organization. Furman University provides operating support. Hollingsworth Funds, Inc.is a tax-exempt supporting organization under Section 509(a)(3) of the Internal Revenue Code, whose purpose is to support Furman University and other Greenville, SC based charities. For the year ended June 30, 2014 The Hollingsworth Funds made a cash grant of $2,636,034 to the University. The grant provided funding for The Hollingsworth Scholars Program, two endowed professorships in the departments of Economics and Business and Accounting, and specific needs of the Departments of Business and Accounting and Economics. The Furman University Foundation (FUF) accepts gifts of real property on behalf of Furman University. FUF sold two real estate gifts during fiscal year 2014, and the net proceeds were granted to Furman University. Furman University applied the sale proceeds as directed by the donors to partially fund the construction of Furman's softball pressbox and to partially fund the construction of the soccer fieldhouse.
Part XII, Line 2c - Audit Committee	Furman University has an Audit Committee comprised of five members of the Board of Trustees. The Audit Committee assumes responsibility for oversight of the audit of the consolidated financial statements of the University. Additionally, the Audit Committee is responsible for the selection and retainment of the independent audit firm.
Part XI, Line 9 - Other Changes in Net Assets	170,917 Change in interest rate swap 95,212 Change in split interest agreement 88,623 Change in cash surrender value life insurance _______ 354,752

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Controlled OrganizationControlledOrganizationInd
Furman University Foundation
3300 Poinsett Highway	Greenville	SC	29613	571061363	Foundation	SC	501(c)3	11b Type II	NA	false
Hollingsworth Funds Inc
124 Verdae Boulevard Suite 104	Greenville	SC	29607	571003814	Charitable	SC	501(c)3	11a Type I	NA	false
Upcountry History Museum
540 Buncombe St	Greenville	SC	29601	570833796	MUSEUM	SC	501(C)3	7	NA	false

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Entity TypeEntityTypeTxt
Charitable Remainder Unitrusts (10)
split interes	SC	NA	trust
Charitable Remainder Annuity Trust (1)
split interes	SC	NA	trust

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (true)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	Yes (true)	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	false	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
Upcountry History Museum
B	$325,000	Operating suppt
Hollingsworth Funds Inc
C	$2,636,039	Cash received
Furman University Foundation
C	$277,702	Sale proceeds
Furman University Foundation
C	$138,462	Sale proceeds