2014-05-13T10:15:11-05:00 2013-06-30 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1700 PHILADELPHIA PA 19103 990 2012-07-01 231352685 TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA % LESLIE KRUHLY SECRETARY TRUS 2158988967 3451 WALNUT STREET ROOM 329 Suite ROOM 305 PHILADELPHIA PA 191046284 Stephen Golding 2158988967 2014-05-01 true 2673303000 2012 2015-11-30 17:44:51Z STEPHEN GOLDING 3451 WALNUT STREET PHILADLEPHIA PA 19104 14857041004 false X WWW.UPENN.EDU X 1740 PA THE PROVISION OF EDUCATION, RESEARCH, AND CHARITABLE PATIENT CARE SERVICES. 56 50 48055 33391 16186083 -294080 1314155000 1383430000 3749645119 3798355449 289677000 527544000 32191881 79991551 5385669000 5789321000 341036036 365181480 0 0 2644164000 2798099000 622648 642697 89327697 1945390316 1841895823 4931213000 5005819000 454456000 783502000 13721179000 14905771000 4792348000 4398695000 8928831000 10507076000 X THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (UNIVERSITY) SEES ITSELF AS HAVING A PUBLIC SERVICE MISSION. IN SUCH REGARD, THE UNIVERSITY AIMS TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR ITS STUDENTS; TO PIONEER RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE; AND TO PROVIDE THE MOST CURRENT AND HIGHEST QUALITY PATIENT CARE THROUGH THE UNIVERSITY HEALTH SYSTEM. false false 2526394500 1573874449 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("PENN" OR "UNIVERSITY") IS ONE OF THE OLDEST UNIVERSITIES IN THE UNITED STATES - IT TRACES ITS ORIGINS BACK TO A CHARITY SCHOOL FOUNDED IN 1740. IT WAS CHARTERED AS A COLLEGE IN 1755, AND ON MAY 17, 1757, THE UNIVERSITY HELD ITS FIRST COMMENCEMENT AND GRADUATED A CLASS OF SEVEN STUDENTS. FROM THESE EARLY AND MODEST BEGINNINGS, PENN HAS GROWN INTO ONE OF THE LEADING RESEARCH AND EDUCATIONAL INSTITUTIONS IN THE UNITED STATES AND IN THE WORLD. THE UNIVERSITY SEES ITSELF AS HAVING A PUBLIC SERVICE MISSION. IN SUCH REGARD, THE UNIVERSITY AIMS TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR ITS STUDENTS; TO PIONEER RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE; AND TO PROVIDE THE MOST CURRENT AND HIGHEST QUALITY IN PATIENT CARE THROUGH THE UNIVERSITY HEALTH SYSTEM. THE UNIVERSITY IS HOME TO THE UNIVERSITY OF PENNSYLVANIA MUSEUM OF ARCHAEOLOGY AND ANTHROPOLOGY, THE INSTITUTE FOR CONTEMPORARY ART AND THE ANNENBERG CENTER FOR THE PERFORMING ARTS, ALL OF WHICH CONTRIBUTE VITALLY TO ENRICHING THE CULTURAL LIFE OF PHILADELPHIA. IN ADDITION, THE UNIVERSITY IS AN ACTIVE PARTICIPANT IN THE WEST PHILADELPHIA NEIGHBORHOOD THAT IS ITS HOME. I. EDUCATION THE QUALITY AND DIVERSITY OF THE STUDENT BODY ADD TO THE RIGOR AND UNIQUENESS OF A PENN EDUCATION. THE UNDERGRADUATE CLASS OF 2016 WAS HIGHLY SELECTIVE. OUT OF A TOTAL OF 31,282 APPLICANTS, JUST 3,830- 12 PERCENT - WERE ACCEPTED. PENN IS ALSO STEADFASTLY COMMITTED TO MAINTAINING A DIVERSE STUDENT BODY. IT FIRMLY BELIEVES THAT A DIVERSE STUDENT BODY BRINGS WITH IT A VARIETY OF LIFE EXPERIENCES, RESEARCH INTERESTS, AND WORLDVIEWS. IN KEEPING WITH THIS OBJECTIVE, 40 PERCENT OF THE STUDENTS WHO MAKE UP THE CLASS OF 2016 ARE OF AFRICAN-AMERICAN, ASIAN, HISPANIC, OR NATIVE AMERICAN ORIGINS. THE UNIVERSITY IS CONSISTENTLY RECOGNIZED FOR HAVING SOME OF THE MOST DISTINGUISHED ACADEMIC PROGRAMS IN THE NATION. ACCORDING TO THE MOST RECENT U.S. NEWS & WORLD REPORT OF GRADUATE SCHOOL RANKINGS, PENN'S GRADUATE PROGRAM IN MEDICINE IS RANKED SECOND, WHILE BUSINESS IS RANKED FIFTH. AFFORDABILITY- PENN IS COMMITTED TO INCREASING ACCESS TO ITS EXCEPTIONAL RESOURCES BY MEETING THE FULL FINANCIAL NEED OF UNDERGRADUATES WITH ALL-GRANT, NO-LOAN AID PACKAGES, EXPANDING THE PENN WORLD SCHOLARS PROGRAM, AND STRENGTHENING GRADUATE AND PROFESSIONAL FINANCIAL AID. HTTP://WWW.SFS.UPENN.EDU/PAYING/PAYING-PRO.HTM FY2013 ACHIEVEMENTS- THE UNIVERSITY IS COMMITTED TO INCREASED ACCESS AND INCLUSION, AS EVIDENCED IN PENN'S EXPANDED FINANCIAL AID THAT HAS ENABLED US TO MEET THE FULL FINANCIAL NEED OF UNDERGRADUATES WITH ALL-GRANT, NO-LOAN AID PACKAGES DURING A PERIOD OF SUSTAINED HIGH UNEMPLOYMENT. THE CLASS OF 2013 MARKED THE FIRST CLASS TO HAVE PARTICIPATED IN THE ALL-GRANT, NO-LOAN PROGRAM FOR ALL FOUR YEARS OF THEIR UNDERGRADUATE EDUCATION. APPROXIMATELY 5,700 UNDERGRADUATES FUNDED ALL OR PART OF THEIR EDUCATION WITH $199.2 MILLION FROM GRANTS OR TUITION WAIVERS, $18.8 MILLION FROM WORK-STUDY PROGRAMS. THE AVERAGE UNIVERSITY GRANT-AIDED FRESHMAN AID PACKAGE WAS $42,783, AN INCREASE OF 4.0% OVER THE PREVIOUS YEAR, AND AN INCREASE OF 27.3% OVER THE AVERAGE AID PACKAGE OF $33,608 IN FY 2008, THE YEAR THE ALL-GRANT, NO-LOAN POLICY WAS ANNOUNCED. HTTP://WWW.FINANCE.UPENN.EDU/VPFINANCE/ANNUALRPT/INDEX.SHTML II. RESEARCH ONE MEASURE OF THE EXCELLENCE OF THE RESEARCH AND ACADEMIC STUDIES CONDUCTED AT PENN IS THE AWARDS CONFERRED ON PENN FACULTY. THE FACULTY, ACTIVE AND EMERITUS, INCLUDES 84 MEMBERS OF THE ACADEMY OF ARTS AND SCIENCES, 81 MEMBERS OF THE INSTITUTE OF MEDICINE, 31 MEMBERS OF THE NATIONAL ACADEMY OF SCIENCES, 31 MEMBERS OF THE AMERICAN PHILOSOPHICAL SOCIETY, 175 RECIPIENTS OF GUGGENHEIM FELLOWSHIPS, AND 12 MEMBERS OF THE NATIONAL ACADEMY OF ENGINEERING. OVER THE PAST TWO DECADES, PENN HAS BEEN HOME TO 7 RECIPIENTS OF THE MACARTHUR AWARD, 5 NATIONAL MEDAL OF SCIENCE RECIPIENTS, 4 RECIPIENTS OF THE NOBEL PRIZE AND 5 PULITZER PRIZE WINNERS. WITH 142 RESEARCH CENTERS AND INSTITUTES, RESEARCH IS A SUBSTANTIAL AND ESTEEMED ENTERPRISE AT PENN. AS OF FISCAL YEAR 2013, THE RESEARCH COMMUNITY INCLUDES OVER 4,300 FACULTY; MORE THAN 1,100 POSTDOCTORAL FELLOWS; AND OVER 5,600 ACADEMIC SUPPORT STAFF AND GRADUATE STUDENT TRAINEES. RESEARCH GRANTS WON BY PENN FACULTY MAKE IT ONE OF THE HIGHEST RANKED RESEARCH UNIVERSITIES IN THE COUNTRY. III. PUBLIC SERVICE MISSION THE MISSION OF SERVING THE PUBLIC IS EXEMPLIFIED BY NUMEROUS PROGRAMS AT PENN. FOR 15 YEARS, THE SCHOOL OF NURSING'S LIFE PROGRAM HAS PROVIDED NURSING, MEDICAL, AND REHABILITATIVE CARE THAT ENABLES MORE THAN 350 LOCAL SENIORS TO LIVE INDEPENDENTLY. THE SCHOOL OF VETERINARY MEDICINE STUDENTS ROUTINELY TAKE COMPANION DOGS TO VISIT GUESTS AT THE PHILADELPHIA RONALD MCDONALD HOUSE TO COMFORT SICK CHILDREN AND THEIR FAMILIES SEEKING MEDICAL TREATMENT AT WEST PHILADELPHIA AREA HOSPITALS. THE SAYRE HEALTH CENTER PROVIDES CLINICAL SERVICES TO RESIDENTS OF THE WEST PHILADELPHIA COMMUNITY AND EDUCATIONAL OPPORTUNITIES FOR HIGH SCHOOL, UNDERGRADUATE, AND GRADUATE STUDENTS. THE AGATSTON URBAN NUTRITION INITIATIVE (AUNI) WORKS TO IMPROVE COMMUNITY NUTRITION AND HEALTH PARTICULARLY IN THE AREAS OF OBESITY, POOR NUTRITION, AND RELATED DISEASES SUCH AS DIABETES, BY DEVELOPING AND IMPLEMENTING A COMPREHENSIVE SET OF ACTIVITIES IN TARGETED NEIGHBORHOODS. WITH THE OPENING OF PENN PARK ON 24 ACRES OF LAND NEAR THE SCHUYLKILL RIVER, THE UNIVERSITY IS MOVING FORWARD WITH PLANS TO CREATE A NEW NEIGHBORHOOD TO ITS EAST THAT WILL BOOST THE ECONOMIC, EDUCATIONAL, AND SOCIAL CAPACITY OF THE ENTIRE CITY AND REGION. ACROSS THE STREET FROM PENN PARK, CONSTRUCTION IS SET TO BEGIN ON THE NEW FMC TOWER AT CIRA SOUTH, A 47-STORY MIXED-USE TOWER THAT WILL BE THE SIXTH TALLEST BUILDING IN PHILADELPHIA. WITH PENN PARK, IT WILL DRAMATICALLY FRAME THE ENTRANCE TO CAMPUS FROM DOWNTOWN. THROUGH ITS CULTURAL INSTITUTIONS, THE UNIVERSITY OF PENNSYLVANIA MUSEUM OF ANTHROPOLOGY AND ARCHAEOLOGY, THE INSTITUTE OF CONTEMPORARY ART, AND THE ANNENBERG CENTER FOR THE PERFORMING ARTS, PENN OFFERS CULTURAL ENRICHMENT AND EDUCATION TO THE ENTIRE REGION, WITH EXHIBITS, PROGRAMS AND EVENTS THAT SPAN THE ENTIRE RANGE OF HUMAN HISTORY AND EVENTS. PENN HAS CALLED WEST PHILADELPHIA HOME SINCE 1874. PENN IS COMMITTED TO MAKING WEST PHILADELPHIA A MORE ATTRACTIVE PLACE TO LIVE AND WORK BY PURCHASING GOODS AND SERVICES FROM LOCAL BUSINESSES, HIRING LOCAL RESIDENTS, AND ENCOURAGING FACULTY AND STAFF TO RELOCATE TO THE AREA. THE INITIATIVES HAVE ENCOURAGED RETAIL DEVELOPMENT, IMPROVED SAFETY AND SECURITY AND IMPROVED PUBLIC EDUCATION THROUGH PARTNERSHIPS WITH EXISTING PUBLIC SCHOOLS AND AN INSTITUTIONAL INVESTMENT IN A PUBLIC ELEMENTARY SCHOOL NEAR THE CAMPUS. PENN'S ACADEMIC PHILOSOPHY EMPHASIZES SERVICE AS ESSENTIAL TO LEARNING. PENN'S NETTER CENTER FOR COMMUNITY SERVICE IS A MODEL OF COMMUNITY SERVICE AND HAS HELPED DEVELOP UNIVERSITY-ASSISTED COMMUNITY SCHOOLS, WHERE PENN STUDENTS AND FACULTY PROVIDE INSTRUCTION, SUPPORT AND PARTNERSHIP TO LOCAL SCHOOLS BY EDUCATING, EMPOWERING, AND SERVING ALL MEMBERS OF THE COMMUNITY IN WHICH THE SCHOOL IS LOCATED. AT THE SAME TIME, BY WORKING WITH COMMUNITY MEMBERS TO CREATE AND SUSTAIN UNIVERSITY-ASSISTED COMMUNITY SCHOOLS, PENN ADVANCES ITS TEACHING, RESEARCH, AND SERVICE MISSIONS AND THE CIVIC DEVELOPMENT OF ITS STUDENTS. LAST YEAR ALONE, THE NETTER CENTER INVOLVED MORE THAN 125 STUDENT VOLUNTEERS, 100 INTERNS, AND 400 WORK-STUDY STUDENTS IN SERVICE TO MORE THAN 4,000 K-12 YOUTH AND THEIR FAMILIES. THE NETTER CENTER WAS CREDITED WITH VISIBLE IMPROVEMENTS IN ACADEMIC PERFORMANCE, ATTENDANCE AND STUDENT AND PARENTAL INVOLVEMENT AT THE COMMUNITY SCHOOLS. APPROXIMATELY 13,000 UNIVERSITY STUDENTS, FACULTY AND STAFF PARTICIPATE IN MORE THAN 300 PENN VOLUNTEER AND COMMUNITY SERVICE PROGRAMS, AS WELL AS THE MORE THAN 60 ACADEMICALLY BASED COMMUNITY SERVICE COURSES THAT PENN OFFERS EACH YEAR. COMMUNITY SERVICE AT PENN IS ALSO COORDINATED BY CIVIC HOUSE (STUDENT VOLUNTEERISM AND ADVOCACY), FOX LEADERSHIP, AND PENN VIPS (VOLUNTEERS IN PUBLIC SERVICE - FACULTY AND STAFF VOLUNTEERS), WHICH IS A PART OF THE NETTER CENTER. SUSTAINABILITY: IN 2007, THE UNIVERSITY OF PENNSYLVANIA'S PRESIDENT AMY GUTMANN SIGNED THE AMERICAN COLLEGE AND UNIVERSITY PRESIDENTS' CLIMATE COMMITMENT (ACUPCC). THIS PLEDGE COMMITTED PENN TO DEVELOPING PLANS FOR SIGNIFICANT REDUCTIONS OF EMISSIONS OF CLIMATE-ALTERING GREENHOUSE GASES. HTTP://WWW.UPENN.EDU/SUSTAINABILITY FY2013 ACHIEVEMENTS - THE UNIVERSITY OF PENNSYLVANIA WAS NAMED A TREE CAMPUS USA IN FY2013 FOR THE FOURTH YEAR IN ROW, A DESIGNATION AWARDED BY THE ARBOR DAY FOUNDATION. TREE CAMPUS USA IS A NATIONAL PROGRAM CREATED IN 2008 TO HONOR COLLEGES AND UNIVERSITIES FOR EFFECTIVE CAMPUS FOREST MANAGEMENT AND FOR ENGAGING STAFF AND STUDENTS IN CONSERVATION GOALS. HTTP://WWW.UPENN.EDU/SUSTAINABILITY/NEWS/PENN-NAMED-TREE-CAMPUS-USA -4TH-YEAR-ROW THE UNIVERSITY OF PENNSYLVANIA IN PHILADELPHIA HAS FINISHED IN FIRST PL 1927741723 2225930000 IV. PATIENT CARE THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA ("HUP"), THE FLAGSHIP OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM'S THREE HOSPITALS, WAS ESTABLISHED IN 1874 AS A TEACHING HOSPITAL TO COMPLEMENT THE MEDICAL EDUCATION RECEIVED BY STUDENTS AT THE UNIVERSITY OF PENNSYLVANIA MEDICAL SCHOOL. IT HAS 18 CLINICAL DEPARTMENTS AND PROVIDES TRAINING IN MORE THAN 40 CLINICAL SPECIALTIES. MAJOR AREAS OF INVESTIGATION INCLUDE HEART DISEASE, CANCER, AND DISEASES OF AGING INCLUDING ALZHEIMER'S DISEASE, WOMEN'S HEALTH, DIABETES AND OBESITY. THE HEALTH SYSTEM, WITH 1,637 LICENSED HOSPITAL BEDS, IS A VALUED HEALTH-CARE RESOURCE, ESPECIALLY TO PEOPLE RESIDING IN THE GREATER PHILADELPHIA AREA. DURING THE COURSE OF A YEAR, IT ADMITS NEARLY 80,000 PATIENTS AND ACCOUNTS FOR OVER 2 MILLION OUTPATIENT VISITS, MORE THAN 137,000 EMERGENCY ROOM VISITS AND NEARLY 9,000 BIRTHS. HUP IS THE ONLY HOSPITAL IN THIS AREA THAT PERFORMS TRANSPLANTS OF ALL MAJOR ORGANS. IN KEEPING WITH ITS CHARITABLE PURPOSE, THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS") (WHICH INCLUDES THE HUP AND CLINICAL PRACTICES OF THE UNIVERSITY OF PENNSYLVANIA (CPUP) DIVISIONS OF THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA), AS WELL AS CERTAIN AFFILIATES, ACCEPTS PATIENTS IN SERIOUS NEED OF MEDICAL CARE REGARDLESS OF THEIR FINANCIAL STATUS. THIS DEFINITION INCLUDES THOSE PATIENTS SUFFERING FROM A MEDICAL CONDITION MANIFESTING ITSELF BY ACUTE SYMPTOMS OF SUFFICIENT SEVERITY (INCLUDING SEVERE PAIN) SUCH THAT THE ABSENCE OF IMMEDIATE MEDICAL ATTENTION COULD REASONABLY BE EXPECTED TO RESULT IN (1) PLACING THE HEALTH OF THE INDIVIDUAL (OR, WITH RESPECT TO A PREGNANT WOMAN, THE HEALTH OF THE WOMAN OR HER UNBORN CHILD) IN SERIOUS JEOPARDY, OR (2) SERIOUS IMPAIRMENT TO BODILY FUNCTIONS. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY, AND CERTAIN AMOUNTS CHARGED FOR SUCH SERVICES ARE DEEMED TO BE UNCOLLECTIBLE. UPHS MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE THEY PROVIDE. THESE RECORDS INCLUDE THE AMOUNT OF PAYMENT FORGONE, BASED ON ESTABLISHED RATES, FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY. UPHS ESTIMATED $8,530,000 AND $8,012,000 AROSE DURING FISCAL YEAR 2013 AND FISCAL YEAR 2012, RESPECTIVELY, FROM PROVIDING SERVICES TO CHARITY PATIENTS. THE ESTIMATED COSTS OF PROVIDING CHARITY SERVICES ARE BASED ON DATA DERIVED FROM A COMBINATION OF THE UHPS' COST ACCOUNTING SYSTEM AND THE RATIO OF COSTS TO CHARGES. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY. ADDITIONALLY, THE COSTS OF PROVIDING SERVICES TO ELIGIBLE WELFARE RECIPIENTS, WHO PARTICIPATE IN THE PENNSYLVANIA MEDICAL ASSISTANCE AND LOCAL MANAGED MEDICAID PROGRAMS EXCEEDED REIMBURSEMENT BY $111,179,000 AND $111,979,000 IN 2013 AND 2012, RESPECTIVELY. IN ADDITION TO PROVIDING DIRECT PATIENT CHARITY CARE,IN FURTHERANCE OF ITS EXEMPT PURPOSE TO BENEFIT THE COMMUNITY, THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM RECENTLY COMPLETED A COMMUNITY HEALTH NEEDS ASSESSMENT TO IDENTIFY THE MOST PRESSING HEALTH NEEDS IN THE SERVICE AREA AND DETERMINE HOW BEST TO ADDRESS THOSE NEEDS. THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM OPERATES EMERGENCY ROOMS OPEN TO THE PUBLIC 24 HOURS A DAY, 7 DAYS A WEEK; MAINTAINS RESEARCH FACILITIES FOR THE STUDY OF DISEASE AND INJURIES; PROVIDES FACILITIES FOR TEACHING AND TRAINING VARIOUS STUDENTS AND MEDICAL PERSONNEL; FACILITATES THE ADVANCEMENT OF MEDICAL AND SURGICAL EDUCATION; AND PROVIDES VARIOUS COMMUNITY SERVICES SUCH AS PROVIDING BASIC MEDICAL CARE FOR THE HOMELESS, TREATING OF CHRONIC DISEASE FOR LOW-INCOME RESIDENTS, AND PROVIDING WOMEN'S HEALTH SERVICES TO UNINSURED AND LOW-INCOME WOMEN OF ALL AGES; SCREENINGS FOR THE DETECTION OF BREAST, COLORECTAL, AND SKIN CANCER, CANCER SUPPORT GROUPS, A TOLL FREE NUMBER FOR CANCER INFORMATION, FREE IMMUNIZATION SHOTS, TRAINING PROGRAMS FOR THE CITY FIRE AND POLICE DEPARTMENTS, HEALTH EDUCATION CLASSES AND SPEECHES. ITS PUBLIC EDUCATION FUNCTION IS ALSO CONDUCTED BY REGULARLY PROVIDING HEALTH-RELATED INFORMATION TO PRINT, ELECTRONIC, AND INTERNET MEDIA FOR BROAD PUBLIC DISSEMINATION. IN ADDITION, EDUCATIONAL PROGRAMS IN AREA HIGH SCHOOLS FAMILIARIZE AND PREPARE YOUNG PEOPLE FOR CAREERS IN THE HEALTH CARE ARENA. AS A SERVICE TO THE COMMUNITY, UPHS ALSO LINKS ELIGIBLE PATIENTS WITH APPROPRIATE SUBSIDIZED HEALTH CARE AND FINANCIAL AID RESOURCES INCLUDING PATIENTS FROM THE CITY'S DISTRICT HEALTH CENTERS WHO REQUIRE SPECIALIZED CARE NOT AVAILABLE IN THE COMMUNITY SETTING. UPHS FACULTY ALSO VOLUNTEER THEIR EXPERTISE TO NUMEROUS PUBLIC HEALTH COMMITTEES AND AGENCIES AT THE COMMUNITY, STATE AND NATIONAL LEVEL, AS WELL AS PROFESSIONAL ORGANIZATIONS RESPONSIBLE FOR SETTING BEST-PRACTICE GUIDELINES. FACULTY ALSO PROVIDE PROFESSIONAL GUIDANCE AND COUNSEL TO PATIENT ADVOCACY ORGANIZATIONS THROUGHOUT THE AREA. SEE SCHEDULE H, PART VI FOR ADDITIONAL DETAILS REGARDING SOME OF THE VARIOUS ADDITIONAL COMMUNITY BUILDING ACTIVITIES CONDUCTED BY THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM. 4454136223 true true false true false true false true false true true true false false true true false true true true true true true true true false true true false true true true false false false false false true false false false true true true false false true true true true false false true X 6084 0 true 48055 true true true true BD FR HK JA MX SP SF AE UK false false false true true true false false false false false false X 56 50 false false false false false false false true true false false true true true true true true true true true true CA FL NY PA X LESLIE KRUHLY SECRETARY 2158987005 211 COLLEGE HALL PHILADELPHIA PA 191046303 X ALLAN C BELL ESQ 3.0 0.0 X 0 0 0 SCOTT L BOK ESQ 3.0 0.0 X 0 0 0 JUDITH L BOLLINGER 3.0 0.0 X 0 0 0 DAVID M BRUSH 3.0 0.0 X 0 0 0 GILBERT F CASELLAS ESQ 3.0 0.0 X 0 0 0 SUSAN W CATHERWOOD 3.0 0.0 X 0 0 0 DR WILLIAM W M CHEUNG DMD 3.0 0.0 X 0 0 0 DR RAYMOND K F CH'IEN 3.0 0.0 X 0 0 0 DAVID L COHEN ESQ 5.0 0.0 X X 0 0 0 HON TOM CORBETT 3.0 0.0 X 0 0 0 PAMELA DALEY ESQ 3.0 0.0 X 0 0 0 SUSAN FRIER DANILOW ESQ 3.0 0.0 X 0 0 0 JAMES G DINAN 3.0 0.0 X 0 0 0 LEE SPELMAN DOTY 3.0 0.0 X 0 0 0 WILLIAM P EGAN II 3.0 0.0 X 0 0 0 DAVID ERTEL 3.0 0.0 X 0 0 0 JAY S FISHMAN 3.0 0.0 X 0 0 0 SARAH WILDER FULLER 3.0 0.0 X 0 0 0 MICHAEL F GERBER 3.0 0.0 X 0 0 0 ROBERT A GLEASON JR 3.0 0.0 X 0 0 0 PERRY GOLKIN ESQ 3.0 0.0 X 0 0 0 JOEL M GREENBLATT 3.0 0.0 X 0 0 0 JAMES H GREENE JR 3.0 0.0 X 0 0 0 VAHAN H GUREGHIAN 3.0 0.0 X 0 0 0 DR AMY GUTMANN 40.0 0.0 X X 2432801 0 387651 JANET F HAAS MD 3.0 0.0 X 0 0 0 ANDREW R HEYER 3.0 0.0 X 0 0 0 HON JON M HUNTSMAN JR 3.0 0.0 X 0 0 0 OSAGIE O IMASOGIE ESQ 3.0 0.0 X 5000 0 0 ROBERT S KAPITO 3.0 0.0 X 0 0 0 MICHAEL J KOWALSKI 3.0 0.0 X 0 0 0 SUSANNA E LACHS ESQ 3.0 0.0 X 0 0 0 ANDREA BERRY LAPORTE 3.0 0.0 X 0 0 0 WILLIAM P LAUDER 3.0 0.0 X 0 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DRISCOLL CO 9 PRESIDENTIAL BLVD BALA CYNWYD PA 19107 CONSTRUCTION MGMT 30258350 TRISTATE BENEFIT SOLUTIONS 619 OAK STREET 1ST FLOOR CINCINNATI OH 45206 BILLING SERVICES 19467319 COMPASS GROUP USA 2400 YOURKMONT ROAD CHARLOTTE NC 28127 DINING SERVICES 13162182 ALLIED BARTON SECURITY SERVICES EIGHT TOWER BRIDGE CONSHOHOCKEN PA 19428 SECURITY SERVICES 12269572 507 X 347916 940275000 442807084 89600666 1383430000 TUITION & FEES 611310 1077333000 1077333000 NET PATIENT SERVICE HEALTHCARE REVENUES 622110 2225930000 2225930000 AUXILIARY ENTERPRISES 611710 398558000 398558000 OTHER PROGRAM SERVICE REVENUES 611710 96534449 78251053 18283396 3798355449 110172459 -2097313 112269772 1541 1541 74301000 74301000 4276000 4276000 0 4276000 4276000 9480421000 30000 9063081000 417340000 30000 417370000 417370000 111555 347916 146004 -34449 -34449 0 5942000 4493000 1449000 1449000 0 5789321000 3781521053 16186083 608183864 0 358845000 358845000 6336480 6336480 0 40356773 38338934 2017839 0 6138262 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THE UNIVERSITY MAINTAINS AN OFFICE OF FEDERAL RELATIONS, WHOSE MAIN FUNCTION IS TO KEEP THE UNIVERSITY COMMUNITY APPRISED OF FEDERAL DEVELOPMENTS WHICH MAY HAVE AN IMPACT ON THE UNIVERSITY INCLUDING, AMONG OTHERS, PENDING CHANGES TO THE INTERNAL REVENUE CODE, RESEARCH FUNDING AND ISSUES OF STUDENT AID. THE UNIVERSITY, A PRIVATE NON-PROFIT EDUCATIONAL INSTITUTION, RECEIVES DIRECT ANNUAL NON-PREFERRED APPROPRIATIONS FROM THE COMMONWEALTH OF PENNSYLVANIA. THE AMOUNT AND CONTINUATION OF THESE APPROPRIATIONS ARE NOT GUARANTEED. THEREFORE, THE UNIVERSITY MAINTAINS AN OFFICE OF COMMONWEALTH RELATIONS IN ORDER TO SUPPORT, JUSTIFY, AND COORDINATE THESE APPROPRIATION REQUESTS BEFORE THE STATE EDUCATION DEPARTMENT, OTHER APPROPRIATE AGENCIES OF THE EXECUTIVE BRANCH, AND THE GENERAL ASSEMBLY. THE MAJORITY OF THIS OFFICE'S EFFORTS ARE RELATED TO ACTIVITIES SUPPORTING THESE APPROPRIATION REQUESTS. ADDITIONALLY, THIS OFFICE MAY ALSO CONDUCT MINIMAL LOBBYING ACTIVITIES RELATED TO OTHER ISSUES, SUCH AS STUDENT AID AND OTHER PROGRAMS RELATED TO HIGHER EDUCATION. IN CONJUNCTION WITH THESE TYPES OF LOBBYING ACTIVITIES, THE UNIVERSITY HAS CONTRACTED WITH PROFESSIONAL LOBBYISTS TO CONTACT LEGISLATORS IN CONNECTION WITH THE UNIVERSITY'S ANNUAL APPROPRIATIONS. THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM, THROUGH ITS OFFICE OF GOVERNMENTAL AFFAIRS, CONDUCTED LOBBYING ACTIVITIES WITH RESPECT TO HEALTH CARE RELATED ISSUES AND LEGISLATION. THESE ACTIVITIES INCLUDED MEETING WITH LEGISLATORS, THEIR STAFF, AND GOVERNMENTAL OFFICIALS, AS WELL AS CONDUCTING SEMINARS. 3 553952 77500 1692258 true true 6507307 46396000 X false 6437618627 327276900 887793272 0 257261000 0 7395427799 6254552023 339992512 75607092 0 232533000 0 6437618627 5385975350 126576673 949861000 0 207861000 0 6254552023 4906520000 126500644 575762673 0 222807967 0 5385975350 5880637000 131544000 -885031000 0 220630000 0 4906520000 0.40374 0.37815 0.21811 true false 210588000 210588000 5101619000 2146762000 2954857000 1395033000 866466000 528567000 205747000 0 205747000 3899759000 VENTURE CAPITAL & OTHER INVEST 3495894132 F REAL ESTATE 430319373 F INVESTMENT IN SUBSIDIARIES 30255000 F 3956468505 0 DEPOSITS, ADVANCES, AGENCY FUNDS 121031000 FEDERAL STUDENT LOAN ADVANCES 79040000 ACCRUED RETIREMENT BENEFITS 822724000 INTERCOMPANY DUE TO AFFILIATES 146097000 TAXABLE BOND LIABILITY 300000000 1468892000 X DESCRIPTION OF COLLECTIONS SCHEDULE D, PART III, LINES 4 & 5 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") CURRENTLY MAINTAINS 15 LIBRARIES. THE COLLECTIONS AS A WHOLE INCLUDE INFORMATION FROM NUMEROUS FIELDS OF STUDY. THE UNIVERSITY'S DEPARTMENTAL LIBRARIES ARE GENERALLY SUBJECT SPECIFIC (MATH/PHYSICS/ASTRONOMY, ENGINEERING, FINE ARTS, BUSINESS, MUSIC, BIOMEDICAL, DENTAL MEDICINE, VETERINARY MEDICINE, ETC.) AND THE VAN PELT-DIETRICH LIBRARY CENTER HOUSES INFORMATION FROM ALL OF THESE AREAS, AS WELL AS THE RARE BOOK COLLECTION AND ALL OF THE HUMANITIES. SUBJECT HOLDINGS INCLUDE PHILOSOPHY, PSYCHOLOGY, RELIGION, HISTORY, GEOGRAPHY, ANTHROPOLOGY, RECREATION, SOCIAL SCIENCE, ECONOMICS, SOCIOLOGY, POLITICAL SCIENCE, LAW, EDUCATION, LITERATURE, SCIENCE, AGRICULTURE, TECHNOLOGY, MILITARY SCIENCE, AND GENERAL BIBLIOGRAPHY. THE LIBRARIES' COLLECTIONS, BOTH PRINT AND ELECTRONIC, DIRECTLY SUPPORT THE RESEARCH AND INSTRUCTION MISSION OF THE UNIVERSITY BY ENSURING ACCESS TO CURRENT AND HISTORICAL INFORMATION. THE UNIVERSITY DOES NOT SOLICIT OR RECEIVE DONATIONS OF ART, HISTORICAL TREASURES OR OTHER SIMILAR ASSETS TO BE SOLD IN ORDER TO RAISE FUNDS. ALL DONATIONS OF MATERIALS ARE ADDED TO THE EXISTING COLLECTIONS, EXCEPT FOR NON-RARE, DUPLICATE ITEMS. THE VALUE OF THESE NON-RARE, DUPLICATE ITEMS IN THE MARKETPLACE IS GENERALLY NEGLIGIBLE. THESE ITEMS ARE TYPICALLY SENT TO A NON-PROFIT VENDOR FOR RESALE. THE UNIVERSITY THEN RECEIVES A PORTION OF THE SALES PRICE. THE TOTAL ACTIVITY WITH THIS VENDOR TYPICALLY GENERATES LESS THAN $2K PER YEAR. DURING THE YEAR, THE UNIVERITY'S OFFICE OF THE CURATOR DEACCESSIONED 157 WORKS IN THE UNIVERSITY'S COLLECTION THAT WERE OF LITTLE VALUE OR WERE REPRODUCTIONS (NOT ORIGINAL WORKS OF ART). THESE WORKS WERE NOT SOLD BUT RATHER GIVEN ON A FIRST COME FIRST SERVE BASIS TO THE PENN UNIVERSITY COMMUNITY. USE OF ENDOWMENT FUNDS SCHEDULE D, PART V DURING THE YEAR ENDED JUNE 30, 2013, THE UNIVERSITY'S ENDOWMENT CONSISTED OF 5,363 DONOR-RESTRICTED PERMANENT OR TERM ENDOWMENT FUNDS AND 829 UNRESTRICTED ENDOWMENT FUNDS ESTABLISHED BY THE UNIVERSITY'S BOARD OF TRUSTEES TO BE USED IN FURTHERANCE OF THE ORGANIZATION'S TAX-EXEMPT PURPOSES. TEXT OF FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X THE UNIVERSITY EVALUATES ITS TAX POSITION BASED ON THE FASB STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES THE USE OF A TWO-STEP APPROACH FOR RECOGNIZING AND MEASURING TAX BENEFITS TAKEN OR EXPECTED TO BE TAKEN IN AN UNRELATED BUSINESS ACTIVITY TAX RETURN AND DISCLOSURES REGARDING UNCERTAINTIES IN TAX POSITIONS. THE FIRST STEP IS RECOGNITION: THE UNIVERSITY DETERMINES WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. IN EVALUATING WHETHER A TAX POSITION HAS MET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE UNIVERSITY PRESUMES THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE SECOND STEP IS MEASUREMENT: A TAX POSITION THAT MEETS THE MORE-LIKELY-THAN-NOT THRESHOLD IS MEASURED TO DETERMINE THE AMOUNT OF BENEFIT TO RECOGNIZE IN THE FINANCIAL STATEMENTS. THE TAX POSITION IS MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. DIFFERENCE BETWEEN TAX POSITIONS TAKEN IN A TAX RETURN AND AMOUNTS RECOGNIZED IN THE FINANCIAL STATEMENTS WILL GENERALLY RESULT IN AN INCREASE IN A LIABILITY FOR INCOME TAXES PAYABLE OR A REDUCTION OF AN INCOME TAX REFUND RECEIVABLE. OTHER LIABILITIES DETAIL SCHEDULE D, PART X THE INTERCOMPANY DUE TO AFFILIATES BALANCE INCLUDES AMOUNTS OWED TO AFFILIATES BASED UPON THE UNIVERITY'S CENTRAL MANAGEMENT OF THE CASH HELD BY CERTAIN AFFILIATES. true true true true true true true false false false false false false false false true false true PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY FORM 990, SCHEDULE E, LINE 3 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") PUBLISHES ITS RACIALLY NON-DISCRIMINATORY POLICY IN THE STUDENT CATALOGUE, ON ITS FINANCIAL AID APPLICATIONS AND IN OTHER BROCHURES WHICH DESCRIBE THE UNIVERSITY OF PENNSYLVANIA, ITS SCHOOLS, CENTERS, AND INSTITUTES. DESCRIPTION OF FINANCIAL AID/ASSISTANCE FROM GOV'T AGENCY FORM 990, SCHEDULE E, LINE 6A THE UNIVERSITY IS A PRIVATE NON-PROFIT INSTITUTION THAT RECEIVES DIRECT ANNUAL NON-PREFERRED APPROPRIATIONS FROM THE COMMONWEALTH OF PENNSYLVANIA. THE UNIVERSITY AlSO RECEIVES VARIOUS GOVERNMENTAL FUNDING WHICH SUPPORTS ITS EDUCATIONAL, PATIENT CARE, AND RESEARCH MISSIONS. true Central America and the Caribbean 0 19 Send agents to seminar 13975 Central America and the Caribbean 0 3 Conduct board meetings 7882 Central America and the Caribbean 0 4 Fundraising 57287 Central America and the Caribbean 0 11 Program Services EDUCATION & TRAINING 193363 Central America and the Caribbean 0 3 Program Services FIELD RESEARCH 29380 Central America and the Caribbean 0 1 Program Services SOCIAL RESEARCH 658 Central America and the Caribbean 0 1 Program Services STUDY ABROAD/EDUCATION 180382 Central America and the Caribbean 0 10 Program Services STUDY ABROAD/RESEARCH 53485 Central America and the Caribbean 0 0 Program Services RECRUITING 7849 Central America and the Caribbean 0 0 Investments 934833695 East Asia and the Pacific 0 69 Send agents to seminar 681421 East Asia and the Pacific 0 0 Conduct board meetings 65620 East Asia and the 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Europe (Including Iceland and Greenland) 0 71 Program Services EDUCATION & TRAINING 2004112 Europe (Including Iceland and Greenland) 0 119 Program Services FIELD RESEARCH 3678585 Europe (Including Iceland and Greenland) 0 3 Program Services SOCIAL RESEARCH 307902 Europe (Including Iceland and Greenland) 0 50 Program Services STUDY ABROAD/EDUCATION 5951689 Europe (Including Iceland and Greenland) 0 11 Program Services STUDY ABROAD/RESEARCH 132712 Europe (Including Iceland and Greenland) 0 13 Program Services RECRUITING 106519 Europe (Including Iceland and Greenland) 0 5 Unrelated Trade or Business 352619 Europe (Including Iceland and Greenland) 0 0 Investments 109042341 Middle East and North Africa 0 9 Send agents to seminar 94558 Middle East and North Africa 0 0 Conduct board meetings 1726 Middle East and North Africa 0 29 Fundraising 89235 Middle East and North Africa 0 0 Grantmaking 2042 Middle East and North Africa 0 0 Investments 129415 Middle East and North Africa 1 20 Program Services EDUCATION & TRAINING 315425 Middle East and North Africa 0 12 Program Services FIELD RESEARCH 273388 Middle East and North Africa 0 1 Program Services SOCIAL RESEARCH 120833 Middle East and North Africa 0 59 Program Services STUDY ABROAD/EDUCATION 527518 Middle East and North Africa 0 1 Program Services STUDY ABROAD/RESEARCH 2008 Middle East and North Africa 0 1 Program Services RECRUITING 25157 North America 0 89 Send agents to seminar 111250 North America 0 1 Conduct board meetings 38227 North America 0 5 Fundraising 57735 North America 0 0 Grantmaking 460394 North America 0 1 Program Services CLINICAL TRIALS 50000 North America 0 12 Program Services EDUCATION & TRAINING 562355 North America 0 9 Program Services FIELD RESEARCH 700261 North America 0 3 Program Services SOCIAL RESEARCH 161195 North America 0 0 Program Services STUDY ABROAD/EDUCATION 412 North America 0 0 Program Services STUDY ABROAD/RESEARCH 6721 North America 0 0 Program Services RECRUITING 19911 North America 0 0 Unrelated Trade or Business 22068 North America 0 0 Investments 48691048 Russia and the Newly Independent States 0 3 Send agents to seminar 16048 Russia and the Newly Independent States 0 0 Fundraising 18889 Russia and the Newly Independent States 0 0 Grantmaking 229184 Russia and the Newly Independent States 0 19 Program Services EDUCATION & TRAINING 431956 Russia and the Newly Independent States 0 2 Program Services FIELD RESEARCH 46579 Russia and the Newly Independent States 0 3 Program Services SOCIAL RESEARCH 8899 Russia and the Newly Independent States 0 0 Program Services STUDY ABROAD/EDUCATION 80044 Russia and the Newly Independent States 0 0 Program Services STUDY ABROAD/RESEARCH 9430 South America 0 14 Send agents to seminar 59861 South America 0 4 Fundraising 44845 South America 0 0 Grantmaking 13506 South America 0 2 Program Services CLINICAL TRIALS 3831 South America 0 82 Program Services EDUCATION & TRAINING 967025 South America 0 8 Program Services FIELD RESEARCH 525337 South America 0 0 Program Services SOCIAL RESEARCH 206543 South America 0 3 Program Services STUDY ABROAD/EDUCATION 1735457 South America 0 4 Program Services STUDY ABROAD/RESEARCH 26021 South America 0 6 Program Services RECRUITING 48298 South America 0 0 Unrelated Trade or Business 23815 South Asia 0 8 Send agents to seminar 84490 South Asia 0 17 Fundraising 89240 South Asia 0 0 Grantmaking 32654 South Asia 0 83 Program Services EDUCATION & TRAINING 699989 South Asia 0 5 Program Services FIELD RESEARCH 130549 South Asia 0 1 Program Services SOCIAL RESEARCH 146068 South Asia 0 1 Program Services STUDY ABROAD/EDUCATION 338205 South Asia 0 1 Program Services STUDY ABROAD/RESEARCH 17196 South Asia 0 0 Program Services RECRUITING 31376 South Asia 0 0 Unrelated Trade or Business 352 Sub-Saharan Africa 0 4 Send agents to seminar 15306 Sub-Saharan Africa 0 1 Fundraising 577 Sub-Saharan Africa 0 4 Grantmaking 30812 Sub-Saharan Africa 0 9 Program Services EDUCATION & TRAINING 301995 Sub-Saharan Africa 0 107 Program Services FIELD RESEARCH 4876881 Sub-Saharan Africa 0 1 Program Services SOCIAL RESEARCH 278537 Sub-Saharan Africa 0 27 Program Services STUDY ABROAD/EDUCATION 470356 Sub-Saharan Africa 0 1 Program Services STUDY ABROAD/RESEARCH 51000 Sub-Saharan Africa 0 0 Program Services RECRUITING 20600 1 278 2 1587 3 1865 941610673 190947199 1132557872 East Asia and the Pacific STUDY ABROAD/RESEARCH 8848 WIRE N/A N/A Sub-Saharan Africa STUDY ABROAD/RESEARCH 35735 WIRE N/A N/A East Asia and the Pacific 17809 WIRE N/A N/A North America RESEARCH 383212 CHECK N/A N/A Europe (Including Iceland and Greenland) 176760 CHECK N/A N/A Europe (Including Iceland and Greenland) 22500 CHECK N/A N/A Europe (Including Iceland and Greenland) 19073 WIRE N/A N/A Europe (Including Iceland and Greenland) STUDY ABROAD 36549 WIRE N/A N/A East Asia and the Pacific 10000 WIRE N/A N/A Europe (Including Iceland and Greenland) STUDY ABROAD 8348 WIRE N/A N/A Europe (Including Iceland and Greenland) STUDY ABROAD 6800 WIRE N/A N/A East Asia and the Pacific 7500 CHECK N/A N/A South Asia CONFERENCE 22071 CHECK/WIRE N/A N/A South America STUDY ABROAD 47961 CHECK N/A N/A East Asia and the Pacific RESEARCH 7000 CHECK N/A N/A North America 40196 CHECK N/A N/A Europe (Including Iceland and Greenland) 7091 CHECK N/A N/A Europe (Including Iceland and Greenland) STUDY ABROAD/RESEARCH 71551 CHECK N/A N/A Europe (Including Iceland and Greenland) RESEARCH 106462 CHECK N/A N/A South Asia RESEARCH 146068 CHECK N/A N/A Europe (Including Iceland and Greenland) STUDY ABROAD 113262 CHECK N/A N/A East Asia and the Pacific STUDY ABROAD/RECRUITING 42421 CHECK N/A N/A Sub-Saharan Africa 17404 CHECK N/A N/A Europe (Including Iceland and Greenland) 5963 CHECK N/A N/A Sub-Saharan Africa 24855 CHECK N/A N/A East Asia and the Pacific STUDY ABROAD/RECRUITING 100634 CHECK N/A N/A Europe (Including Iceland and Greenland) STUDY ABROAD 140208 CHECK N/A N/A Europe (Including Iceland and Greenland) 31629 CHECK N/A N/A East Asia and the Pacific RECRUITING 17009 CHECK N/A N/A Middle East and North Africa 200900 CHECK N/A N/A Europe (Including Iceland and Greenland) RESEARCH/RECRUITING 96971 CHECK N/A N/A Europe (Including Iceland and Greenland) EXPENSE 13707 CHECK N/A N/A East Asia and the Pacific SUBCONTRACT 84999 WIRE N/A N/A East Asia and the Pacific 18500 WIRE N/A N/A East Asia and the Pacific HUMAN SUBJECT FEES 9350 WIRE N/A N/A East Asia and the Pacific RURAL DEVELOPMENT 10000 INVOICE N/A N/A Europe (Including Iceland and Greenland) EDUCATION/RESEARCH 329074 WIRE N/A N/A Russia and the Newly Independent States TRAINING 10000 WIRE N/A N/A Europe (Including Iceland and Greenland) EDUCATION 8000 WIRE N/A N/A Europe (Including Iceland and Greenland) EDUCATION 56303 WIRE N/A N/A Europe (Including Iceland and Greenland) 20967 WIRE N/A N/A East Asia and the Pacific EDITING SERVICES 23945 WIRE N/A N/A Europe (Including Iceland and Greenland) EDUCATION GRANT 6000 WIRE N/A N/A South America EDUCATION GRANT 6350 WIRE N/A N/A Russia and the Newly Independent States TRAINING 13000 WIRE N/A N/A South Asia EDUCATION 10588 WIRE N/A N/A Sub-Saharan Africa 8215 WIRE N/A N/A Europe (Including Iceland and Greenland) ALUMNI RELATIONS 9296 CREDIT CARD N/A N/A East Asia and the Pacific ALUMNI RELATIONS 102539 CREDIT CARD N/A N/A Europe (Including Iceland and Greenland) ALUMNI RELATIONS 8042 CREDIT CARD N/A N/A Europe (Including Iceland and Greenland) ALUMNI RELATIONS 5483 FORGN DRAFT N/A N/A Europe (Including Iceland and Greenland) ALUMNI RELATIONS 8590 FORGN DRAFT N/A N/A Europe (Including Iceland and Greenland) ALUMNI RELATIONS 18441 FORGN DRAFT N/A N/A East Asia and the Pacific INTL LAW FIRM 23535 FORGN DRAFT N/A N/A East Asia and the Pacific ALUMNI RELATIONS 80730 FORGN DRAFT N/A N/A Europe (Including Iceland and Greenland) RESEARCH 116839 WIRE N/A N/A Middle East and North Africa RESEARCH 48168 WIRE N/A N/A Central America and the Caribbean EXHIBIT 11400 WIRE N/A N/A North America SOFTWARE/LICENSES 16598 CHECK N/A N/A Russia and the Newly Independent States GRANTS 203427 WIRE N/A N/A South Asia 29468 WIRE N/A N/A North America 171081 CHECK N/A N/A East Asia and the Pacific CLINICAL TRIAL 104354 WIRE N/A N/A Europe (Including Iceland and Greenland) RESEARCH 36294 WIRE N/A N/A Europe (Including Iceland and Greenland) RESEARCH 19020 CHECK N/A N/A North America RESEARCH 52543 CHECK N/A N/A Europe (Including Iceland and Greenland) 143179 CHECK N/A N/A North America 20052 CHECK N/A N/A Europe (Including Iceland and Greenland) FIELD RESEARCH 30491 FORGN DRAFT N/A N/A Europe (Including Iceland and Greenland) FIELD RESEARCH 28613 FORGN DRAFT N/A N/A Sub-Saharan Africa FIELD RESEARCH 13918 FORGN DRAFT N/A N/A Europe (Including Iceland and Greenland) FIELD RESEARCH 175915 FORGN DRAFT N/A N/A Europe (Including Iceland and Greenland) SUBCONTRACT 59983 CHECK N/A N/A South Asia FIELD RESEARCH 22216 WIRE N/A N/A South Asia FIELD RESEARCH 6400 WIRE N/A N/A Sub-Saharan Africa TAXES 177843 CHECK N/A N/A Sub-Saharan Africa SUBCONTRACT 120704 CHECK N/A N/A Sub-Saharan Africa HEALTH INS. 61646 CHECK N/A N/A Sub-Saharan Africa PROPERTY MANAGEMENT 52000 CHECK N/A N/A Sub-Saharan Africa OFFICE SUPPLIES 28245 CHECK N/A N/A Sub-Saharan Africa MEDICAL LABS 26096 CHECK N/A N/A Sub-Saharan Africa 24516 CHECK N/A N/A Sub-Saharan Africa FUEL STATION 24093 CHECK N/A N/A Sub-Saharan Africa PROPERTY MANAGEMENT 23288 CHECK N/A N/A Sub-Saharan Africa WIRELESS 19742 CHECK N/A N/A Sub-Saharan Africa CATERING 18381 CHECK N/A N/A Sub-Saharan Africa TELECOM 15611 CHECK N/A N/A Sub-Saharan Africa PROPERTY MANAGEMENT 12801 CHECK N/A N/A Sub-Saharan Africa PROPERTY MANAGEMENT 12363 CHECK N/A N/A Sub-Saharan Africa TRAVEL 9375 CHECK N/A N/A Sub-Saharan Africa TELECOM 9287 CHECK N/A N/A Sub-Saharan Africa LAB EQUIP. 8361 CHECK N/A N/A Sub-Saharan Africa BANKING 7896 CHECK N/A N/A Sub-Saharan Africa TB CONTRACT TRACING 7774 CHECK N/A N/A Sub-Saharan Africa TELECOM 7774 CHECK N/A N/A Sub-Saharan Africa CONFERENCE 7404 CHECK N/A N/A Sub-Saharan Africa ELECTRICITY 7224 CHECK N/A N/A Sub-Saharan Africa TRAVEL 6894 CHECK N/A N/A Sub-Saharan Africa IT SUPPORT 6736 CHECK N/A N/A Sub-Saharan Africa LAB EQUIP. 6613 CHECK N/A N/A Sub-Saharan Africa TELECOM 6417 CHECK N/A N/A Sub-Saharan Africa EDUCATION 6279 CHECK N/A N/A Sub-Saharan Africa OFFICE SUPPLIES 5840 CHECK N/A N/A Sub-Saharan Africa 5586 CHECK N/A N/A Sub-Saharan Africa GRANT 5283 CHECK N/A N/A Sub-Saharan Africa 5014 CHECK N/A N/A Europe (Including Iceland and Greenland) FIELD RESEARCH 59200 CHECK N/A N/A East Asia and the Pacific GRANTS 238793 INVOICE N/A N/A Europe (Including Iceland and Greenland) GRANTS 48781 INVOICE N/A N/A Europe (Including Iceland and Greenland) GRANTS 115723 INVOICE N/A N/A North America GRANTS 82327 INVOICE N/A N/A North America SUBCONTRACT 211766 CHECK N/A N/A South America FELLOWSHIP 61047 CHECK N/A N/A Europe (Including Iceland and Greenland) SUBCONTRACT 39114 CHECK N/A N/A 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THESE POLICIES COVER GRANTS MADE BOTH WITHIN AND OUTSIDE THE U.S. SUBAWARDS FORM 990, SCHEDULE F, PART II IN FURTHERANCE OF ITS RESEARCH ACTIVITIES, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA MAKES SUB-AWARDS TO OTHER FOREIGN INSTITUTIONS THAT PERFORM RESEARCH IN CONNECTION WITH RESEARCH GRANTS AWARDED TO THE UNIVERSITY. THE UNIVERSITY DOES NOT CATEGORIZE THESE SUB-AWARDS AS "FOREIGN ACTIVITIES" FOR FORM 990, SCHEDULE F REPORTING PURPOSES, SINCE THE FOREIGN RECIPIENT ORGANIZATIONS PERFORM RESEARCH SERVICES FOR THE UNIVERSITY AND ARE CONSIDERED INDEPENDENT CONTRACTORS WHICH SERVE THE DIRECT NEEDS OF THE UNIVERSITY. 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RESEARCH FACILITY SUPPLEMENTAL DISCLOSURES PART I, LINES 3C, 6A N/A PART 1, LINE 7 (BAD DEBT EXPENSE, COSTING METHODOLOGY USED) THE BAD DEBT EXPENSE AMOUNT INCLUDED ON FORM 990, PART IX, COLUMN 25(A) WAS $4,868,000 RELATED TO ACADEMIC BAD DEBTS ONLY FOR THE YEAR ENDED JUNE 30, 2013. NOTE THAT DUE TO A CHANGE IN ACCOUNTING PRONOUNCEMENT, PATIENT SERVICE BAD DEBTS IS NOW TREATED AS A CONTRA-REVENUE LINE ITEM AND, THEREFORE, IT WAS NOT NECESSARY TO DEDUCT THIS AMOUNT FOR PURPOSES OF CALCULATING THE PERCENTAGES REPORTED ON THE SCHEDULE H, PART I, LINE 7 TABLE. THIS IS A CHANGE FROM PRIOR YEARS. THE COSTING METHODOLOGY USED IN CALCULATING THE AMOUNTS REPORTED ON THE LINE 7 TABLE ARE BASED ON A COST TO CHARGE RATIO. THE COST TO CHARGE RATIO WAS DERIVED FROM WORKSHEET 2. COMMUNITY BUILDING ACTIVITIES PART II AT THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS"), WORKING FOR THE BENEFIT OF THE COMMUNITY IS NOT ONLY A PRIORITY; IT IS ROOTED DEEP IN OUR CULTURE. ALONG WITH OUR ROLE AS A LEADER IN MEDICAL CARE AND RESEARCH, WE HAVE CULTIVATED A STRONG AFFINITY WITH THE NEIGHBORHOODS WE SERVE - BECOMING INCREASINGLY RESPONSIVE IN IDENTIFYING NEEDS AND BEING PROACTIVE IN FINDING SOLUTIONS. WE ARE SENSITIVE TO THE DISPARITY IN THE QUALITY OF HEALTH AND HEALTH CARE AMONG THE PEOPLE OF THE PHILADELPHIA AREA. IN NEIGHBORHOODS THROUGHOUT THE CITY, MANY RESIDENTS- OFTEN THE VERY YOUNG OR THE VERY OLD- DO NOT HAVE ACCESS TO ADEQUATE CARE. THE QUALITY OF THEIR LIVES IS DIMINISHED BECAUSE THEY ARE UNABLE TO RECEIVE THE SERVICES AND SUPPORT THEY NEED. AWARE OF THESE BARRIERS TO HEALTH CARE FACED BY OUR COMMUNITIES, WE USE OUR RESOURCES TO IMPROVE THE HEALTH AND WELLNESS AMONG THE UNDERSERVED. OUR MORAL IMPERATIVE IS TO LOOK, LISTEN, AND ACT - IN WAYS THAT WILL MAKE A DIFFERENCE. IN COLLABORATION WITH OUR PHYSICIANS, NURSES, STUDENTS AND COMMUNITY PARTNERS, WE TAKE ACTION TO ENHANCE THE WELL-BEING OF THE NEIGHBORHOODS WE ALL SHARE. OUR OUTREACH EXTENDS IN MANY DIRECTIONS AND IS DISPLAYED IN MANY WAYS. A LISTING OF SOME OF THE VARIOUS HEALTHCARE-RELATED COMMUNITY OUTREACH ACTIVITIES CONDUCTED BY UPHS IS INCLUDED IN RESPONSE TO QUESTION 5 BELOW. IN ADDITION TO DIRECT HEALTH-CARE RELATED ACTIVITIES, THE UNIVERSITY ALSO PROMOTES THE HEALTH OF ITS COMMUNITY BY PROVING A DIRECT ECONOMIC IMPACT TO ITS SURROUNDING AREA. UNIVERSITY CITY, THE AREA OF WEST PHILADELPHIA THAT HOSTS PENN'S CAMPUS, IS A NEIGHBORHOOD OF CHOICE FOR FAMILIES, STUDENTS, FACULTY, STAFF AND VISITORS AND A THRIVING LOCATION FOR RETAILERS, RESTAURATEURS, HOTELS, OFFICE-BASED BUSINESSES AND OTHERS. PENN'S STRATEGIC NEIGHBORHOOD INVESTMENTS AND COMMUNITY PARTNERSHIPS ARE A RECOGNIZED NATIONAL AND GLOBAL MODEL FOR URBAN CAMPUSES. THE IMPACT OF PENN'S LOCAL COMMUNITY INITIATIVES INCLUDE: - WITH $1.9 MILLION IN DUES, PENN IS THE LARGEST CONTRIBUTOR TO THE UNIVERSITY CITY DISTRICT, WHICH PROVIDES SUPPLEMENTAL SAFETY, CLEANING AND STREETSCAPE IMPROVEMENTS TO THE NEIGHBORHOOD. - PENN CONTRIBUTES NEARLY $700,000 ANNUALLY, ALONG WITH GRADUATE SCHOOL OF EDUCATION STUDENT TEACHER HOURS, TO THE PENN ALEXANDER SCHOOL, A TOP-RANKED PUBLIC ELEMENTARY SCHOOL IN UNIVERSITY CITY. - PENN PROVIDED MILLIONS IN STUDENT AID IN 2013 TO PHILADELPHIA RESIDENTS ENROLLED AT PENN, INCLUDING STUDENTS FROM WEST PHILADELPHIA. - PENN'S $1 MILLION ANNUAL INVESTMENT IN THE NETTER CENTER FOR COMMUNITY PARTNERSHIPS ENABLES AN ARRAY OF LOCAL INITIATIVES INCLUDING TUTORING PUBLIC SCHOOL STUDENTS AND PROVIDING HEALTH AND NUTRITION PROGRAMS. - PENN PURCHASED MILLIONS IN PRODUCTS AND SERVICES FROM BUSINESSES IN WEST AND SOUTHWEST PHILADELPHIA IN FISCAL 2013. - HOUSING PRICES IN UNIVERSITY CITY APPRECIATED 52.4% FROM 2003-2013. BAD DEBT EXPENSE PART III, SECTION A, LINE 2 THE COSTING METHODOLOGY USED IN DETERMINING THE AMOUNTS REPORTED ON LINES 2 AND 3 ARE BASED ON ACTUAL CHARGES WRITTEN OFF (AMOUNTS THAT ARE DEEMED TO BE UNCOLLECTIBLE). PART III, SECTION A, LINE 3 (BAD DEBT EXPENSE ATTRIBUTABLE TO PATIENTS ELIBIBLE UNDER THE ORGANIZATION'S FINANCIAL ASSISTANCE POLICY) UPHS UTILIZES A THIRD-PARTY VENDOR TO POPULATE THE NUMBER OF INDIVIDUALS WITHIN EACH HOUSEHOLD AND THE MEAN HOUSEHOLD INCOME BASED ON THE ACCOUNT ADDRESS. THE FREE CARE INCOME GUIDELINES (COPIED BELOW) ARE THEN USED TO GROUP THE ACCOUNTS ASSIGNED TO UNCOLLECTED DEBTS FOR THE YEAR INTO EACH OF THE CATEGORIES BASED ON THEIR LEVEL OF HARDSHIP. OFFICE OF PATIENT ACCOUNTING FREE CARE INCOME GUIDELINES FAMILY MEDICALLY SIZE INDIGENT HARDSHIP INDIGENT 1 $11,490 $22,980 $34,470 2 $15,510 $31,020 $46,530 3 $19,530 $39,060 $58,590 4 $23,550 $47,100 $70,650 5 $27,570 $55,140 $82,710 6 $31,590 $63,180 $94,770 7 $35,610 $71,220 $106,830 8 $39,690 $79,380 $119,070 ADD $4,020 FOR EACH ADDITIONAL FAMILY MEMBER PART III, SECTION A, LINE 4 (BAD DEBT EXPENSE FOOTNOTE) THE BAD DEBT EXPENSE FOOTNOTE DISCLOSURE CAN BE FOUND ON PAGE 16 OF THE ATTACHED CONSOLIDATED FINANCIAL STATEMENTS FOR THE UNIVERSITY OF PENNSYLVANIA. COSTING METHODOLOGY, MEDICARE SHORTFALL PART III, SECTION B, LINE 8 THE COSTING METHODOLOGY USED IN DETERMINING THE AMOUNT REPORTED ON LINE 6 IS BASED ON A COST TO CHARGE RATIO. CONSISTENT WITH THE CHARTIABLE HEALTHCARE MISSION OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS") AND THE COMMUNITY BENEFIT STANDARD SET FORTH IN IRS REVENUE RULING 69-545, UPHS PROVIDES CARE FOR ALL PATIENTS COVERED BY MEDICARE SEEKING MEDICAL CARE AT UPHS. SUCH CARE IS PROVIDED REGARDLESS OF WHETHER THE REIMBURSEMENT PROVIDED FOR SUCH SERVICES MEETS OR EXCEEDS THE COSTS INCURRED BY UPHS TO PROVIDE SUCH SERVICES. AS A RESULT, UPHS VIEWS ANY SHORTFALL REPORTED IN LINE 7 AS AN ADDITIONAL ITEM OF COMMUNITY BENEFIT PROVIDED BY THE ORGANIZATION. COLLECTION PRACTICES PART III, LINE 9B THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM PROVIDES URGENT/EMERGENT MEDICAL SERVICES WITHOUT REGARD TO ABILITY TO PAY. WHEN IT HAS BEEN DETERMINED THAT A PATIENT IS NOT ELIGIBLE FOR COVERAGE BY EXTERNAL SOURCES OF FUNDING, FINANCIAL ASSISTANCE MAY BE AVAILABLE FOR BOTH THE UNINSURED AND UNDERINSURED, THE INDIGENT, HARDSHIP AND MEDICALLY INDIGENT AND MAY BE APPROVED AS EITHER FULL OR PARTIAL FREE CARE. PATIENTS WHO DO NOT COOPERATE WITH THE FINANCIAL COUNSELING PROCESS OR WHOSE APPLICATION FOR FINANCIAL ASSISTANCE IS DENIED BY THE HEALTH SYSTEM MAY BE PURSUED BY COLLECTION EFFORTS, INCLUDING REFERRAL TO AN OUTSIDE COLLECTION AGENCY OR ATTORNEY AS DETERMINED BY OUR PATIENT ACCOUNTING DEPARTMENT. PART V, SECTION B, LINE 4 (CHNA CONDUCTED WITH ONE OR MORE HOSPITAL FACILITIES) THE UNIVERSITY OF PENNSYLVANIA IS A MEMBER OF THE DELAWARE VALLEY HEALTHCARE COUNCIL OF HOSPITAL & HEALTHSYSTEM ASSOCIATION OF PENNSYLVANIA ("DVHC"), THE MEMBERSHIP ASSOCIATION FOR HOSPITALS IN THE FIVE-COUNTY REGION OF SOUTHEASTERN PENNSYLVANIA. DVHC ESTABLISHED A COMMUNITY HEALTH NEEDS ASSESSMENT WORKGROUP TO ASSIST HOSPITALS IN: - UNDERSTANDING AFFORDABLE CARE ACT (ACA) REQUIREMENTS AND INTERNAL REVENUE SERVICE GUIDANCE AROUND COMMUNITY HEALTH NEEDS ASSESSMENTS. - IDENTIFYING THE BEST RESOURCES, TOOLS, AND SERVICES FOR CONDUCTING NEEDS ASSESSMENTS. THE WORKGROUP CONSISTED OF REPRESENTATIVES FROM THE FOLLOWING COLLABORATING HOSPITALS, HEALTH SYSTEMS, AND ORGANIZATIONS: -ABINGTON HEALTH -ARIA HEALTH -BUCKS COUNTY HEALTH IMPROVEMENT PARTNERSHIP -THE CHILDREN'S HOSPITAL OF PHILADELPHIA -CROZER-KEYSTONE HEALTH SYSTEM -EINSTEIN HEALTHCARE NETWORK -HOLY REDEEMER -JEFFERSON HEALTH SYSTEM (INCLUDING THOMAS JEFFERSON UNIVERSITY HOSPITALS, INC., MAIN LINE HEALTH, AND MAGEE REHABILITATION HOSPITAL) -MERCY HEALTH SYSTEM OF SEPA -PENN MEDICINE (THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA, PENN PRESBYTERIAN MEDICAL CENTER, PENNSYLVANIA HOSPITAL,) -ST. MARY MEDICAL CENTER -TEMPLE UNIVERSITY HEALTH SYSTEM PART V, SECTION B, LINE 7 (ADDRESSING THE NEEDS IDENTIFIED IN THE CHNA) THE FIRST CHNA AND IMPLEMENTATION PLAN FOR THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM WAS ADOPTED JUNE 30, 2013. AS A RESULT, THE ORGANIZATION HAS NOT YET HAD THE OPPORTUNITY TO BEGIN ADDRESSING THE NEEDS IDENTIFIED IN THE CHNA. PART V, SECTION B, LINE 5 (CHNA MADE WIDELY AVAILABLE) A COPY OF THE ORGANIZATION'S CHNA AND IMPLEMENTATION PLAN CAN BE FOUND AT: HTTP://WWW.PENNMEDICINE.ORG/HEALTH-SYSTEM/ABOUT/COMMUNITY/ NEEDS ASSESSMENT PART VI, LINE 2 THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM'S ("UPHS") MISSION IS TO PROVIDE THE MOST ADVANCED AND HIGHEST QUALITY PATIENT CARE POSSIBLE; TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR STUDENTS AND TRAINEES; AND TO SUPPORT CLINICAL RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE. TO THESE ENDS, UPHS IS AN ACTIVE PARTICIPANT IN THE WEST PHILADELPHIA NEIGHBORHOOD THAT IS OUR HOME. ON ANY GIVEN DAY, UPHS PHYSICIANS, NURSES, MEDICAL STUDENTS AND VOLUNTEERS ARE OUT IN THE COMMUNITY SHARING THEIR SKILLS, THEIR TALENTS AND MOST IMPORTANTLY, THEMSELVES FOR THE BETTERMENT OF THE COMMUNITY. - HOW THE HEALTH SYSTEM IDENTIFIES AND TAKES ACTION TO ADDRESS RACIAL, ETHNIC, AND GENDER DISPARITIES IN MEDICAL CARE EVERY DAY IN OUR NEIGHBORHOOD CLINICS, IN OUR EMERGENCY ROOM AND PHYSICIANS' OFFICES WE SEE THE EFFECTS OF RACIAL, ETHNIC AND GENDER DISPARITIES IN HEALTH CARE. IN KEEPING WITH OUR CHARITABLE PURPOSE, UPHS ACCEPTS PATIENTS IN NEED OF URGENT MEDICAL CARE REGARDLESS OF THEIR FINANCIAL STATUS OR ANY OTHER SOCIO-ECONOMIC FACTORS. AS THE MAIN PROVIDER IN A SERVICE AREA THAT INCLUDES A NUMBER OF ECONOMICALLY-CHALLENGED NEIGHBORHOODS, UPHS PROVIDES CARE TO MANY PATIENTS WHO DO NOT HAVE HEALTH INSURANCE PROVIDING MORE THAN $100 MILLION IN CHARITY AND UNDERFUNDED CARE IN FY13. IN PARTNERSHIP WITH COMMUNITY-BASED ORGANIZATIONS AND OTHER AREA INSTITUTIONS, UPHS SEEKS TO IDENTIFY AND ADDRESS RACIAL, ETHNIC AND GENDER DISPARITIES THROUGH SUPPORT FOR PROGRAMS INCLUDING, BUT NOT LIMITED TO: > PUENTES DE SALUD - A WEEKLY FREE CLINIC THAT SEEKS TO ADDRESS THE HEALTH NEEDS OF THE GROWING LATINO POPULATION BY PROVIDING LOW-COST CARE TO MORE THAN 800 PATIENTS ANNUALLY. > THE UNITY CLINIC - A FREE CLINIC THAT PROVIDES PRIMARY CARE SERVICES TO LOW-INCOME ASIAN IMMIGRANTS IN PHILADELPHIA. > WOMEN AND CHILDREN'S HEALTH SERVICES - AN AMBULATORY CARE FACILITY THAT SPECIALIZES IN THE PROVISION OF OBSTETRICAL, FAMILY PLANNING AND SOCIAL SERVICES THROUGH FREE AND LOW COST PROGRAMS THAT EXTEND WELL BEYOND TRADITIONAL MEDICAL CARE. - HOW THE HEALTH SYSTEM ASSESSES COMMUNITY HEALTH STATUS UPHS PROVIDES VARIOUS COMMUNITY SERVICES WHICH, IN CONJUNCTION WITH PROVIDING PATIENT CARE AND EDUCATIONAL INFORMATION, HELP US ASSESS THE HEALTH STATUS OF OUR COMMUNITY. SOME OF OUR MOST SUCCESSFUL INITIATIVES RESULT FROM APPLYING THE COLLECTIVE RESOURCES OF COMMUNITY RESIDENTS AND ORGANIZATIONS, HEALTH CARE PROFESSIONALS, AND PUBLIC HEALTH AGENCIES WITH THE GOAL OF IDENTIFYING AND ADDRESSING A COMMUNITY PROBLEM. THIS IS ACCOMPLISHED IN MANY WAYS, SUCH AS: FORMAL HEALTH ASSESSMENTS THAT INDIVIDUAL PROGRAMS MAY PERFORM, OPEN DIALOGUE WITH COMMUNITY LEADERS THROUGH PARTICIPATION IN COMMUNITY MEETINGS, OR BY ASSESSING COMMUNITY HEALTH STATUS IN THE WORK WE PERFORM OUT IN THE COMMUNITY. - HOW THE HEALTH SYSTEM COLLABORATES WITH COMMUNITY STAKEHOLDERS, INCLUDING OTHER INSTITUTIONAL PROVIDERS, TO IDENTIFY SPECIFIC COMMUNITY HEALTH NEEDS AND TO DEVELOP AND MEASURE EFFECTIVENESS OF PROGRAMS TO HELP MEET THOSE NEEDS COLLABORATION WITH COMMUNITY STAKEHOLDERS AND OTHER INSTITUTIONAL PROVIDERS IS A PARTICULARLY STRONG AREA FOR UPHS. WORKING IN CONJUNCTION WITH COMMUNITY-BASED NON-PROFIT ORGANIZATIONS, CITY AGENCIES AND OTHER COMMUNITY STAKEHOLDERS, UPHS SEEKS TO IDENTIFY AND ADDRESS COMMUNITY HEALTH NEEDS THROUGH PROGRAMS AND SERVICES, SUCH AS: > SAYRE HEALTH CENTER - RECOGNIZING A NEED FOR PRIMARY CARE SERVICES IN THE NEIGHBORHOOD, PENN JOINED FORCES WITH THE SCHOOL DISTRICT OF PHILADELPHIA TO BRING A STATE-OF-THE-ART HEALTH CARE FACILITY TO SAYRE HIGH SCHOOL IN WEST PHILADELPHIA. IN ADDITION TO PROVIDING PRIMARY CARE SERVICES TO THE COMMUNITY, UPHS FACULTY WORK IN PARTNERSHIP WITH SAYRE STUDENTS TO TEACH BASIC MEDICAL SERVICES THAT ONE DAY COULD LEAD TO A CAREER IN THE MEDICAL PROFESSION. > BRIDGING THE GAPS - A PARTNERSHIP OF THE AREA'S FIVE ACADEMIC HEALTH CENTERS, BRIDGING THE GAPS (BTG) LINKS THE TRAINING OF HEALTH PROFESSIONALS WITH THE PROVISION OF CARE TO ECONOMICALLY DISADVANTAGED POPULATIONS. LED BY UPHS PHYSICIANS AND STAFF, BTG GIVES MEDICAL STUDENTS THE OPPORTUNITY TO GAIN FIRST-HAND INSIGHT INTO THE COMPLEX ISSUES AFFECTING UNDERSERVED URBAN COMMUNITIES. IN ADDITION TO THE PROGRAMS OUTLINES ABOVE, UPHS PHYSICIANS AND STAFF PROVIDE EDUCATIONAL PROGRAMS IN CONJUNCTION WITH AREA HIGH SCHOOLS AND VOLUNTEER THEIR EXPERTISE TO NUMEROUS PUBLIC HEALTH COMMITTEES AND AGENCIES AT THE COMMUNITY, STATE AND NATIONAL LEVEL. - HOW THE HEALTH SYSTEM REGULARLY REPORTS TO THE COMMUNITY ON THE ORGANIZATION'S QUALITY PERFORMANCE FOR THE FULL RANGE OF SERVICES IT PROVIDES SINCE 2007, UPHS HAS PUBLISHED AN ANNUAL COMMUNITY BENEFIT REPORT, "SIMPLY BECAUSE", WHICH HIGHLIGHTS SOME OF THE EXTENSIVE WORK UPHS PERFORMS IN THE COMMUNITY. THIS WIDELY DISTRIBUTED REPORT INCLUDES EXAMPLES OF OUR COMMUNITY EFFORTS AS WELL AS STATISTICS RELATED TO THE COMMUNITY BENEFIT WE PROVIDE. ADDITIONALLY, LAST YEAR UPHS IMPLEMENTED OUR "PENN MEDICINE CARES" (COMMUNITY ACTIVITY REPORTING E-INITIATIVE) PROGRAM. WHILE THE "SIMPLY BECAUSE" REPORT PROVIDES US A BRIEF GLIMPSE INTO ALL THE GOOD WORK UPHS PERSONNEL ARE INVOLVED IN, IT REPRESENTS ONLY A FRACTION OF THE TOTAL COMMUNITY SERVICE WORK THAT OCCURS. WE DEVELOPED THIS REPORTING PROGRAM TO ENCOURAGE OUR EMPLOYEES TO REPORT ALL OF THE COMMUNITY SERVICES THEY PROVIDE SO THAT WE CAN BETTER TRACK COMMUNITY OUTREACH, ENCOURAGE MORE VOLUNTEERISM AND BETTER TARGET OUR EFFORTS TO MEET THE GREATEST COMMUNITY NEEDS. - WHETHER AND HOW UPHS IS ADDRESSING THE PER CAPITA COST OF CARE IN THE COMMUNITY UPHS SUPPORTS EFFORTS TO PROVIDE FREE AND LOW-COST CARE TO THE COMMUNITY THROUGH PARTNERSHIPS WITH BOTH PENN-RELATED AND NON-RELATED PROGRAMS. UPHS PHYSICIANS AND STAFF WORK IN HEALTH CLINICS THROUGHOUT PHILADELPHIA THAT PROVIDE THESE MUCH-NEEDED SERVICES THAT ALSO ADDRESSES THE PER CAPITA COST OF HEALTH CARE IN THE COMMUNITY. IN ADDITION, UPHS HAS A SPECIALTY CARE CONTRACT WITH THE CITY OF PHILADELPHIA THAT ALLOWS PHYSICIANS FROM THE CITY'S DISTRICT HEALTH CENTERS TO REFER PATIENTS INTO THE SYSTEM FOR APPOINTMENTS IN SPECIALTIES SUCH AS CARDIOLOGY, NEUROLOGY AND DERMATOLOGY. THESE SERVICES ARE PROVIDED TO THE CITY AT A SIGNIFICANTLY REDUCED COST - GIVING UNINSURED AND UNDERINSURED PATIENTS ACCESS TO CARE THEY MIGHT NOT OTHERWISE RECEIVE WHILE KEEPING DOWN THE PER CAPITA COST FOR THE CITY AND RESIDENTS OF THE COMMUNITY. AT UPHS, WORKING FOR THE BENEFIT OF THE COMMUNITY IS NOT ONLY A PRIORITY; IT IS ROOTED DEEP IN OUR CULTURE. ALONG WITH OUR ROLE AS A LEADER IN MEDICAL CARE AND RESEARCH, UPHS HAS CULTIVATED A STRONG AFFINITY WITH THE NEIGHBORHOODS WE SERVE- BECOMING INCREASINGLY RESPONSIVE IN IDENTIFYING NEEDS AND PROACTIVE IN FINDING SOLUTIONS. IN ADDITION TO OUR OWN INTERNAL EFFORTS, UPHS ALSO COLLABORATES WITH VARIOUS PUBLIC AND PRIVATE AGENCIES TO HELP DETERMINE COMMUNITY HEALTH NEEDS AND HOW BEST TO ADDRESS THEM. THE SUCCESS OF COMMUNITY OUTREACH REQUIRES A STRONG FOCUS ON SOLUTIONS. AT UPHS, WE CONTINUALLY FIND WAYS TO EXPAND AND STRENGTHEN THE SAFETY NET THAT HELPS ENSURE THE WELL-BEING OF THE COMMUNITIES WE SERVE. IN THAT REGARD, ONE OF OUR MAJOR RESPONSIBILITIES IS TO SHARE KNOWLEDGE. WORKING TOGETHER WITH COMMUNITY PARTNERS ENABLES US TO ACCOMPLISH MORE THAN ANY ONE PERSON COULD INDIVIDUALLY. INFORMATION REGARDING PATIENT EDUCATION OF ELIGIBILITY FOR ASSISTANCE PART VI, LINE 3 THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS") IS COMMITTED TO CARING FOR ALL PATIENTS EQUITABLY, WITH DIGNITY, RESPECT AND COMPASSION WITHOUT REGARD TO AGE, RACE, COLOR, NATIONAL ORIGIN, RELIGIOUS CREED, SEX, PHYSICAL OR MENTAL DISABILITY, MARITAL STATUS OR SEXUAL PREFERENCE. AS PART OF THIS COMMITMENT, PENN MEDICINE OFFERS FINANCIAL COUNSELING AND ASSISTANCE PROGRAMS TO UNINSURED AND UNDERINSURED PATIENTS TO ASSIST THOSE WHO CANNOT PAY FOR ALL OR PART OF THEIR CARE. PATIENTS WILL BE CONSIDERED FOR FINANCIAL ASSISTANCE ON AN INDIVIDUAL BASIS, TAKING INTO CONSIDERATION TOTAL HOUSEHOLD INCOME AND OTHER RESOURCES. PENN MEDICINE WILL ALSO CONSIDER OTHER FACTORS IN THE PATIENT/FAMILY FINANCIAL SITUATION, SHOULD THERE BE OTHER CRITICAL EXPENSES, NOT RELATED TO THE PATIENT'S MEDICAL CARE, THAT MAKE PAYMENT OF THE FINANCIAL OBLIGATION IMPOSSIBLE, SUCH AS CARING FOR A DISABLED FAMILY MEMBER. UNINSURED OR UNDERINSURED PERSONS MAY APPLY FOR FINANCIAL ASSISTANCE AT ANY TIME DURING TREATMENT OR WHEN REQUEST FOR PAYMENT IS MADE. UPHS INFORMS AND EDUCATES PATIENTS AND PERSONS WHO MAY BE BILLED FOR PATIENT CARE ABOUT THEIR ELIGIBILITY FOR ASSISTANCE UNDER FEDERAL, STATE, OR LOCAL GOVERNMENT PROGRAMS OR UNDER UPHS'S CHARITY CARE POLICY. PATIENTS ARE INFORMED OF THE AVAILABILITY OF CHARITY CARE IN VARIOUS WAYS (E.G. AT POINT OF REGISTRATION, ON POSTERS THROUGHOUT HOSPITAL, IN PRACTICES, FINANCIAL COUNSELOR INTERVIEW AND WEBSITE). COMMUNITY INFORMATION PART VI, LINE 4 THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS") IS SENSITIVE TO THE DISPARITY IN THE QUALITY OF HEALTH AND HEALTH CARE AMONG THE PEOPLE OF THE PHILADELPHIA AREA. IN NEIGHBORHOODS THROUGHOUT THE CITY, MANY RESIDENTS, OFTEN THE VERY YOUNG OR THE VERY OLD DO NOT HAVE ACCESS TO ADEQUATE CARE. THE QUALITY OF THEIR LIVES IS DIMINISHED BECAUSE THEY ARE UNABLE TO RECEIVE THE SERVICES AND SUPPORT THEY NEED. AWARE OF THE BARRIERS TO HEALTH CARE FACED BY OUR COMMUNITIES, WE USE OUR RESOURCES TO IMPROVE THE HEALTH AND WELLNESS AMONG THE UNDERSERVED. OUR MORAL IMPERATIVE IS TO LOOK, LISTEN, AND ACT- IN WAYS THAT WILL MAKE A DIFFERENCE. IN COLLABORATION WITH OUR PHYSICIANS, NURSES, STUDENTS AND COMMUNITY PARTNERS, WE TAKE ACTION TO ENHANCE THE WELL-BEING OF THE NEIGHBORHOODS WE ALL SHARE. INFORMATION REGARDING PROMOTION OF COMMUNITY HEALTH PART VI, LINE 5 THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM'S ("UPHS") CORE COMMUNITY BENEFITS PROGRAMS WERE ESTABLISHED AND CONTINUE TO THRIVE WHETHER OPERATED BY OR ENCOURAGING VOLUNTEERS BY THE HEALTH SYSTEM. HERE IS A LIST OF SOME OF THE COMMUNITY BENEFITS UPHS PROVIDES: - UNIVERSITY CITY HOSPITAL COALITION (UCHC) - PROVIDES MEALS TO THE HOMELESS AND HUNGRY. - UNITED COMMUNITY CLINIC (UCC) - A FREE HEALTH CLINIC IN THE BASEMENT OF A CHURCH IN THE EAST PARKSIDE NEIGHBORHOOD. - PROJECT ME (MIND EMPOWERMENT) - A PROGRAM AT JANE ADDAMS PLACE, AN EMERGENCY SHELTER FOR YOUNG HOMELESS MOTHERS, WHERE NURSES FROM VARIOUS DEPARTMENTS OF THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA (HUP) CONDUCT EDUCATIONAL CLASSES ON A VARIETY OF TOPICS INCLUDING CARING FOR BABY, FLU PREVENTION AND MORE. - ADDICTION UNIT AT PENN PRESBYTERIAN MEDICAL CENTER (PMC) - IS AN 18 BED FACILITY THAT PROVIDES REHAB TREATMENT FOR DRUG ADDICTS AND ALCOHOLICS. - DR. BERNETT L. JOHNSON, JR. SAYER HEALTH CENTER - THE LATE DR. SAYER HAD A VISION: TO CREATE A PRIMARY CARE HEALTH CENTER, WHERE PENN MEDICINE WORKS IN COLLABORATION WITH SAYER HIGH SCHOOL TO BRING STATE-OF-THE-ART HEALTH CARE TO THE NEIGHBORHOOD. SAYER IS ONE OF 30 SCHOOLS IN THE CITY PARTICIPATING IN PROJECT BIOEYES, AN INNOVATIVE EDUCATIONAL INITIATIVE SPONSORED BY THE UNIVERSITY OF PENNSYLVANIA'S INSTITUTE FOR REGENERATIVE MEDICINE AND THE NETTER CENTER FOR COMMUNITY PARTNERSHIPS. - PREVENTION POINT CLINIC - A NON-PROFIT GROUP THAT PRIMARILY SERVES THOSE WHO ARE UNINSURED OR LIVING IN SHELTERS. THE PRESENCE OF PENN DOCTORS AT THE CLINIC HAS BEEN GETTING AROUND BY WORD-OF-MOUTH. PREVENTION POINT OFFERS A VARIETY OF HEALTH SERVICES RANGING FROM TREATING INFECTIONS TO PROVIDING VACCINES FOR HEPATITIS AND TETANUS. PATIENTS WITH MORE CHRONIC ISSUES CAN RECEIVE REFERRALS TO PRIMARY CARE ELSEWHERE IN THE CITY. - PUENTES DE SALUD - THE GOAL OF THE ORGANIZATION IS TO BRIDGE THE GAP BRINGING LOW COST, HIGH QUALITY HEALTH CARE AND SOCIAL SERVICES TO SOUTH PHILADELPHIA'S GROWING LATINO POPULATION. VOLUNTEERS CONSISTING OF PENN PHYSICIANS, NURSES, MEDICAL STUDENTS AND UNDERGRADUATES FROM THE UNIVERSITY OF PENNSYLVANIA PROVIDE CARE FOR NEARLY 1,400 PATIENTS PRIMARILY SPANISH SPEAKING IMMIGRANTS. ROUGHLY 10% OF THEM ARE DIABETIC. - LATINA COMMUNITY HEALTH SERVICES (LCHS) IS THE WOMEN'S HEALTH EXTENSION OF PUENTES DE SALUD. THE PROGRAM WAS CREATED TO PROVIDE QUALITY HEALTH CARE TO HISPANIC WOMEN INCLUDING ULTRASOUND SCREENING AND DIABETES EDUCATION. - A GROUP OF CLERGY MEMBERS FROM CHRISTIAN STRONGHOLD BAPTIST CHURCH FREQUENTLY ADVISE PARISHIONERS SUFFERING FROM DEPRESSION, ANXIETY AND OTHER MENTAL HEALTH ISSUES. IN ORDER TO PROVIDE BETTER COUNSEL, THE CLERGY MEMBERS CONTACTED ASSISTANT PROFESSORS FROM THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA. ALONG WITH OTHER PENN PHYSICIANS THEY OVERSEE A SERIES OF SEMINARS AT THE CHURCH IN CONJUNCTION WITH THE MAINLINE CHAPTER OF THE NATIONAL ALLIANCE ON MENTAL ILLNESS (NAMI) TO EDUCATE THE PASTORS ON MENTAL HEALTH ISSUES. - HALL-MERCER HOMELESS PROGRAM - A PROGRAM THAT PROVIDES CARE AND RESOURCES FOR PEOPLE WHO LIVE ON THE STREETS OR HAVE A HISTORY OF HOMELESSNESS. AS THE BEHAVIORAL WING OF PENNSYLVANIA HOSPITAL, HALL-MERCER OFFERS A FULL RANGE OF SERVICES TO THE CITY'S MENTALLY ILL OR DISPLACED POPULATION. - PENN SIGHT SAVERS PROGRAM - A GROUP OF STUDENTS FROM THE SCHOOL OF MEDICINE CONDUCT HUNDREDS OF FREE GLAUCOMA SCREENING AND EDUCATE COMMUNITIES ON THE TOPIC OF OCULAR HEALTH. AFFILIATED HEALTHCARE SYSTEM INFORMATION PART VI, LINE 6 THE MISSION OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM IS EXCELLENCE IN EDUCATION, RESEARCH, AND CLINICAL CARE. WE STRIVE TO ACHIEVE THESE GOALS BY HAVING THE BEST PEOPLE IN MEDICAL EDUCATION, HEALTH-RELATED RESEARCH, AND PATIENT CARE; MAKING USE OF KNOWLEDGE GAINED FROM NEARLY TWO AND A HALF CENTURIES OF LEARNING AND DISCOVERY AS PART OF A WORLD-CLASS UNIVERSITY; DELIVERING HIGH-QUALITY MEDICINE TO PATIENTS ACROSS A FULLY INTEGRATED ACADEMIC HEALTH SYSTEM; AND FULFILLING A COMMITMENT TO IMPROVE THE HEALTH OF PEOPLE IN THE COMMUNITIES SERVED BY THE HEALTH SYSTEM AND AROUND THE WORLD. AS PART OF AN AFFILIATED HEALTHCARE SYSTEM, THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM CONSISTS OF CERTAIN OPERATING DIVISIONS OF THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") AND AFFILIATED ENTITIES, INCLUDING: - THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA ("HUP"), A 727 LICENSED BED QUATERNARY CARE HOSPITAL AND ACADEMIC MEDICAL CENTER LOCATED ON THE CAMPUS OF THE UNIVERSITY IN THE WEST PHILADELPHIA AREA OF PHILADELPHIA, PENNSYLVANIA; - PENN PRESBYTERIAN MEDICAL CENTER OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("PRESBYTERIAN"), A 317 LICENSED BED ACUTE CARE HOSPITAL LOCATED ADJACENT TO THE CAMPUS OF THE UNIVERSITY IN THE WEST PHILADELPHIA AREA OF PHILADELPHIA, PENNSYLVANIA; - PENNSYLVANIA HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("PENNSYLVANIA HOSPITAL"), A 550 LICENSED BED ACUTE CARE HOSPITAL LOCATED IN THE CENTER CITY AREA OF PHILADELPHIA, PENNSYLVANIA; - THE CLINICAL PRACTICES OF THE UNIVERSITY OF PENNSYLVANIA ("CPUP"), THE APPROVED FACULTY PRACTICE PLAN FOR THE CLINICAL PRACTICES OF 1,355 MEMBERS OF THE MEDICAL FACULTY OF THE UNIVERSITY'S SCHOOL OF MEDICINE; - CLINICAL CARE ASSOCIATES OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("CCA"), A PRIMARY CARE PHYSICIAN NETWORK CURRENTLY EMPLOYING APPROXIMATELY 170 PHYSICIANS AT 51 OFFICE LOCATIONS IN SOUTHEASTERN PENNSYLVANIA AND THROUGH ITS NEW JERSEY AFFILIATE IN SOUTHERN NEW JERSEY; AND - WISSAHICKON HOSPICE ("WISSAHICKON HOSPICE"), A HOSPICE CARE FACILITY SERVING THE TERMINALLY ILL, LOCATED IN BALA CYNWYD, PENNSYLVANIA. HUP AND CPUP ARE OPERATING DIVISIONS OF THE UNIVERSITY. PRESBYTERIAN, PENNSYLVANIA HOSPITAL, WISSAHICKON HOSPICE AND CCA ARE SEPARATE NONPROFIT CORPORATIONS AFFILIATED WITH AND CONTROLLED BY THE UNIVERSITY. UPHS ACCEPTS PATIENTS IN SERIOUS NEED OF PROFESSIONAL MEDICAL CARE, INDEPENDENT OF THEIR FINANCIAL STATUS. THIS DEFINITION INCLUDES THOSE PATIENTS SUFFERING FROM A MEDICAL CONDITION MANIFESTING ITSELF BY ACUTE SYMPTOMS OF SUFFICIENT SEVERITY (INCLUDING SEVERE PAIN) SUCH THAT THE ABSENCE OF IMMEDIATE MEDICAL ATTENTION COULD REASONABLY BE EXPECTED TO RESULT IN (1) PLACING THE HEALTH OF THE INDIVIDUAL (OR, WITH RESPECT TO A PREGNANT WOMAN, THE HEALTH OF THE WOMAN OR HER UNBORN CHILD) IN SERIOUS JEOPARDY, OR (2) SERIOUS IMPAIRMENT TO BODILY FUNCTIONS. ACCORDINGLY, UPHS PROVIDES SERVICES TO PATIENTS, WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY, WITHOUT CHARGE OR AT AMOUNTS LESS THAN UPHS' ESTABLISED RATES. BECAUSE UPHS DOES NOT PURSUE COLLECTIONS, SUCH AMOUNTS HAVE BEEN EXCLUDED FROM NET PATIENT SERVICE REVENUE. UPHS ESTIMATED $8,530,062 AND $8,012,000 AROSE DURING 2013 AND 2012, RESPECTIVELY, FROM PROVIDING SERVICES TO CHARITY PATIENTS. THE ESTIMATED COSTS OF PROVIDING CHARITY SERVICES ARE BASED ON DATA DERIVED FROM A COMBINATION OF THE UPHS' COST ACCOUNTING SYSTEM AND THE RATIO OF COSTS TO CHARGES. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY. UPHS PURSUES COLLECTION OF THESE AMOUNTS, HOWEVER CERTAIN AMOUNTS ARE DEEMED TO BE UNCOLLECTIBLE. THESE AMOUNTS ARE CLASSIFIED IN THE PROVISION FOR BAD DEBTS. UPHS' PROVISION FOR BAD DEBTS TOTALED $191,478,836 AND $182,044,000 FOR 2013 AND 2012, RESPECTIVELY. ADDITIONALLY, THE COSTS OF PROVIDING SERVICES TO ELIGIBLE WELFARE RECIPIENTS, WHO PARTICIPATE IN THE PENNSYLVANIA MEDICAL ASSISTANCE AND LOCAL MANAGED MEDICAID PROGRAMS EXCEEDED REIMBURSEMENT BY $111,179,270 AND $111,978,550 IN 2013 AND 2012, RESPECTIVELY. IN ADDITION TO PROVIDING DIRECT PATIENT CHARITY CARE AND IN FURTHERANCE OF ITS EXEMPT PURPOSE TO BENEFIT THE COMMUNITY, UPHS OPERATES EMERGENCY ROOMS OPEN TO THE PUBLIC 24-HOURS PER DAY, 7 DAYS PER WEEK; MAINTAINS RESEARCH FACILITIES FOR THE STUDY OF DISEASE AND INJURIES; PROVIDES FACILITIES FOR TEACHING AND TRAINING VARIOUS MEDICAL PERSONNEL; FACILITATES THE ADVANCEMENT OF MEDICAL AND SURGICAL EDUCATION; AND PROVIDES VARIOUS COMMUNITY SERVICES SUCH AS SCREENINGS FOR THE DETECTION OF BREAST, COLORECTAL AND SKIN CANCER, CANCER SUPPORT GROUPS, A TOLL FREE NUMBER FOR CANCER INFORMATION, FREE IMMUNIZATION SHOTS, TRAINING PROGRAMS FOR THE CITY FIRE AND POLICE DEPARTMENTS, HEALTH EDUCATION CLASSES, SPEECHES AND REGULARLY PROVIDES HEALTH RELATED INFORMATION TO TELEVISION AND RADIO NEWS PROGRAMS AND TO REPORTERS AT NEWSPAPERS AND MAGAZINES. STATE FILING OF COMMUNITY BENEFIT REPORT PART VI, LINE 7 N/A true FINANCIAL AID TO UNDERGRADUATE STUDENTS 5761 231144000 N/A N/A FINANCIAL AID TO GRADUATE/PROFESSIONAL STUDENTS 6534 127701000 N/A N/A PROCEDURES FOR MONITORING GRANTS/SCHOLARSHIPS AWARDED FORM 990, SCHEDULE I, PART I, LINE 2 THE UNIVERSITY MAINTAINS A POLICY OF OFFERING QUALIFIED UNDERGRADUATE APPLICANTS ADMISSION TO THE UNIVERSITY WITHOUT REGARD TO FINANCIAL CIRCUMSTANCE. THIS POLICY PROVIDES FINANCIAL AID TO ELIGIBLE STUDENTS IN THE FORM OF DIRECT GRANTS AND EMPLOYMENT DURING THE ACADEMIC YEAR. THE UNIVERSITY MAINTAINS A NO-LOAN POLICY WHEREBY ANY QUALIFIED UNDERGRADUATE STUDENT WITH DEMONSTRATED FINANCIAL NEED RECEIVES A LOAN-FREE AID PACKAGE. STUDENTS MAY STILL BORROW AT THEIR DISCRETION TO SUPPLEMENT THEIR AID PACKAGES. AN UNDERGRADUATE STUDENT MAY ALSO BE ELIGIBLE FOR FACULTY/STAFF TUITION REMISSION AS A RESULT OF A PARENT BEING ELIGIBLE TO RECEIVE THIS BENEFIT AS A CONDITION OF THEIR EMPLOYMENT. GRADUATE/PROFESSIONAL FINANCIAL AID CAN BE AWARDED BASED ON FINANCIAL NEED, SERVICE (TEACHING FELLOWSHIPS, RESEARCH ASSISTANTSHIPS AND FELLOWSHIPS) OR OTHER CRITERIA SUCH AS MERIT/ACADEMICS. A GRADUATE/PROFESSIONAL STUDENT MAY ALSO BE ELIGIBLE FOR FACULTY/STAFF BENEFIT AS DESCRIBED ABOVE. SUBAWARDS FORM 990, SCHEDULE I, PART II IN FURTHERANCE OF ITS RESEARCH ACTIVITIES, THE UNIVERSITY OF PENNSYLVANIA MAKES SUB-AWARDS TO OTHER INSTITUTIONS THAT PERFORM RESEARCH IN CONNECTION WITH RESEARCH GRANTS AWARDED TO THE UNIVERSITY. THE UNIVERSITY DOES NOT CATEGORIZE THESE SUBS-AWARDS AS "GRANTS AND ASSISTANCE" FOR FORM 990 REPORTING, SINCE THE RECIPIENT ORGANIZATIONS PERFORM RESEARCH SERVICES FOR THE UNIVERSITY AND ARE CONSIDERED INDEPENDENT CONTRACTORS WHICH SERVE THE DIRECT NEEDS OF THE UNIVERSITY. DURING THE YEAR ENDED JUNE 30, 2013, THE UNIVERSITY OF PENNSYLVANIA MADE SUB-AWARD PAYMENTS TO 353 RECIPIENTS TOTALING $84,601,000. X X X X X X true true X X X X X false true false false false false false true false ROBIN BECK 394202 0 62000 0 17445 0 22500 0 19817 0 515964 0 0 0 CRAIG CARNAROLI 666083 0 197000 0 525 0 60750 0 20900 0 945258 0 0 0 JEFFREY COOPER 294066 0 46000 0 1912 0 27180 0 21541 0 390699 0 0 0 BONNIE GIBSON 299418 0 48000 0 1232 0 27540 0 12022 0 388212 0 0 0 STEPHEN GOLDING 360398 0 56800 0 1980 0 32749 0 19907 0 471834 0 0 0 JACK HEUER 325430 0 51500 0 765 0 18423 0 6894 0 403012 0 0 0 JOHN HORN 242519 0 28900 0 860 0 25268 0 3168 0 300715 0 0 0 LARRY JAMESON 1273595 0 581875 0 83280 0 280000 0 24883 0 2243633 0 0 0 LESLIE KRUHLY 252782 0 44000 0 1647 0 23355 0 76068 0 397852 0 0 0 STEPHEN J MACCARTHY 304050 0 46000 0 61668 0 28215 0 26546 0 466479 0 0 0 JOANN MITCHELL 298618 0 46000 0 1089 0 27405 0 19569 0 392681 0 0 0 ANNE PAPAGEORGE 345880 0 61750 0 690 0 31635 0 13094 0 453049 0 0 0 VINCENT PRICE 591156 0 173000 0 61875 0 54090 0 41012 0 921133 0 60835 0 GREGORY ROST 384471 0 68500 0 690 0 35235 0 24209 0 513105 0 0 0 ARTHUR RUBENSTEIN 923993 0 0 0 6180 0 22500 0 22916 0 975589 0 0 0 MAUREEN RUSH 253619 0 40600 0 2786 0 23378 0 16617 0 337000 0 0 0 WENDY WHITE 562466 0 96000 0 1980 0 51120 0 18815 0 730381 0 0 0 MARIE WITT 276095 0 42000 0 703 0 25920 0 27346 0 372064 0 0 0 JOHN ZELLER 505653 0 90000 0 1980 0 27761 0 29785 0 655179 0 0 0 ANDREW BINNS 299059 0 0 0 1947 0 22500 0 19530 0 343036 0 0 0 KATHY BRAMWELL 253895 0 0 0 459 0 22500 0 15316 0 292170 0 0 0 PATRICK BRENNAN 410383 0 204960 0 111802 0 31950 0 27781 0 786876 0 58494 0 REBECCA V BUSHNELL 377216 0 67000 0 1290 0 34403 0 24975 0 504884 0 0 0 REBECCA COOKE 346684 0 134400 0 5781 0 22395 0 20253 0 529513 0 0 0 MICHAEL J DANDORPH 507526 0 234147 0 107454 0 100600 0 22717 0 972444 0 0 0 PETER DEGNAN 334513 0 0 0 690 0 22500 0 18159 0 375862 0 0 0 STEVEN J FLUHARTY 416241 0 0 0 1040 0 10000 0 20281 0 447562 0 0 0 GLEN N GAULTON 512588 0 205868 0 20347 0 31950 0 14633 0 785386 0 0 0 KRISTIN GILBERTSON 555289 0 1119380 0 450 0 22500 0 8668 0 1706287 0 0 0 DAVID HARKINS 360921 0 265890 0 300 0 22500 0 21010 0 670621 0 0 0 ELIZABETH B JOHNSTON 539216 0 247879 0 167299 0 106500 0 8252 0 1069146 0 139844 0 KEITH KASPER 534705 0 243224 0 206486 0 104500 0 22266 0 1111181 0 141756 0 TREVOR LEWIS 283719 0 0 0 317 0 22500 0 20818 0 327354 0 0 0 KEVIN MAHONEY 550464 0 259613 0 177871 0 107500 0 22098 0 1117546 0 127177 0 GAIL MORRISON 448613 0 173184 0 25561 0 31950 0 97558 0 776866 0 0 0 RALPH MULLER 1401388 0 643055 0 314903 0 0 0 18230 0 2377576 0 0 0 PHILIP OKALA 313457 0 123205 0 17758 0 47025 0 21182 0 522627 0 0 0 PETER D QUINN MD DMD 793814 0 366581 0 173718 0 22500 0 17313 0 1373926 0 0 0 THOMAS ROBERTSON 578380 0 82000 0 53609 0 22500 0 15651 0 752140 0 0 0 GARRY L SCHEIB 864635 0 400330 0 246529 0 172000 0 16454 0 1699948 0 215150 0 MICHAEL SEAN GRADY MD 1264768 0 484140 0 124525 0 36236 0 28708 0 1938377 0 120622 0 THOMAS L SPRAY MD 1395973 0 0 0 451149 0 22500 0 11154 0 1880776 0 0 0 PAUL MARCOTTE MD 1277816 0 0 0 314019 0 31950 0 6510 0 1630295 0 0 0 JOHN PAUL DORMANS MD 643710 0 0 0 823176 0 22500 0 55103 0 1544489 0 0 0 WILLIAM C WELCH MD 1266461 0 0 0 206694 0 31950 0 21344 0 1526449 0 0 0 DR AMY GUTMANN 1123376 0 942500 0 366925 0 346500 0 41151 0 2820452 0 0 0 DETAIL REGARDING CERTAIN ADDITIONAL BENEFITS PROVIDED FORM 990, SCHEDULE J, LINE 1A FIRST CLASS OR CHARTER TRAVEL THE MODE OF AIR TRAVEL UTILIZED BY UNIVERSITY EMPLOYEES IS EXPECTED TO BE THE LEAST COSTLY OPTION, CONSISTENT WITH THE ITINERARY AND PARTICULAR UNIVERSITY BUSINESS PURPOSE INVOLVED. ON FEDERALLY FUNDED PROJECTS, COMPLIANCE WITH THE FLY AMERICA ACT TAKES PRECEDENCE OVER CHOOSING A LESS EXPENSIVE FOREIGN CARRIER. IN CERTAIN LIMITED CIRCUMSTANCES, CERTAIN INDIVIDUALS MAY TRAVEL FIRST CLASS. ANY FIRST CLASS EXCEPTIONS TO THE UNIVERSITY'S POLICY ARE SUBJECT TO APPROPRIATE REVIEW AND APPROVAL. TRAVEL FOR COMPANIONS TRAVEL EXPENSES OF A SPOUSE (OR DEPENDENT) MAY BE PROVIDED BY THE UNIVERSITY AS A REGULAR BUSINESS EXPENSE ONLY IF THE TRAVEL SERVES A "BONA FIDE BUSINESS PURPOSE" OF THE UNIVERSITY. FURTHER, TRAVEL EXPENSES FOR SPOUSES AND DEPENDENTS ARE ALLOWABLE DURING THE INTERVIEW PROCESS PRIOR TO AN EMPLOYMENT OFFER, SINCE EMPLOYMENT IS CONSIDERED A FAMILY DECISION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS THE UNIVERSITY MAY PROVIDE TAX GROSS-UP PAYMENTS UNDER CERTAIN CIRCUMSTANCES WITH APPROPRIATE APPROVAL. THE UNIVERSITY DOES NOT GENERALLY PROVIDE TAX INDEMNIFICATIONS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE/HEALTH OR SOCIAL CLUB DUES/PERSONAL SERVICES AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED TO LIVE IN A HOME ON THE UNIVERSITY'S CAMPUS WHICH IS FURNISHED AND MAINTAINED AT THE UNIVERSITY'S EXPENSE. THE UNIVERSITY ALSO PROVIDES A HEALTH/SOCIAL CLUB MEMBERSHIP, TO BE USED BY THE PRESIDENT IN CONNECTION WITH HER DUTIES. THE PRESIDENT IS RESPONSIBLE FOR ANY PERSONAL USE OF THE CLUB MEMBERSHIP, HOUSEHOLD STAFF OR OTHER PERSONAL EXPENSES INCURRED. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPATION FORM 990, SCHEDULE J, LINE 4B THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR SENIOR ADMINISTRATORS AND DEANS OF THE UNIVERSITY AS DESIGNATED BY THE BOARD OF TRUSTEES WHO HAVE MADE THE 5% EMPLOYEE CONTRIBUTION TO THE UNIVERSITY'S 403(B) PLAN, HAVE UNIVERSITY COMPENSATION OVER CERTAIN IRS PROSCRIBED THRESHOLDS, AND ARE ACTIVELY EMPLOYED BY THE UNIVERSITY WHEN THE CONTRIBUTION IS MADE. VESTING IN THE SERP OCCURS AFTER EACH THREE YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE A "PARTIAL" DISTRIBUTION WHICH WILL BE WITHHELD TO SATISFY THE TAX CONSEQUENCES OF VESTING. THE BALANCE OF VESTED SERP ACCOUNT WILL REMAIN IN THE PLAN AND WILL BE DISTRIBUTED (PLUS OR MINUS INVESTMENT EARNINGS/LOSSES) UPON TERMINATION OF EMPLOYMENT. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE UNIVERSITY SERP PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: BECK, ROBIN- NO DISTRIBUTION BUSHNELL, REBECCA V.- $14,087 CARNAROLI, CRAIG- $45,446 COOPER, JEFFREY- NO DISTRIBUTION GIBSON, BONNIE- $4,790 GOLDING, STEPHEN- NO DISTRIBUTION HEUER, JACK- $8,644 HORN, JOHN- NO DISTRIBUTION KRUHLY, LESLIE- $502 MACCARTHY, STEPHEN J.- NO DISTRIBUTION MITCHELL, JOANN- $4,419 PAPAGEORGE, ANNE- $9,643 PRICE, VINCENT- NO DISTRIBUTION ROBERTSON, THOMAS- NO DISTRIBUTION ROST, GREGORY- $15,197 RUSH, MAUREEN- $555 WHITE, WENDY- $31,806 WITT, MARIE- $2,567 ZELLER, JOHN- $23,888 THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (THE "HEALTH SYSTEM") MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR SENIOR ADMINISTRATORS OF THE HEALTH SYSTEM, AS DESIGNATED BY THE BOARD OF TRUSTEES, WHO ARE ACTIVELY EMPLOYED BY THE HEALTH SYSTEM WHEN THE CONTRIBUTIONS ARE MADE. VESTING IN THE SERP OCCURS AFTER EACH THREE YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE A FULL DISTRIBUTION WHICH IS TAXABLE AS EARNED INCOME. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE HEALTH SYSTEM SERP PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: DANDORPH, MICHAEL- $112,578 JOHNSTON, ELIZABETH- $124,457 KASPER, KEITH- $114,882 MAHONEY, KEVIN- $123,287 MULLER, RALPH- $287,337 OKALA, PHILIP- $27,586 QUINN, PETER D.- NO DISTRIBUTION SCHEIB, GARRY- $198,879 PROVISION OF NON-FIXED PAYMENTS FORM 990, SCHEDULE J, LINE 7 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PROVIDES DISCRETIONARY BONUS AND/OR INCENTIVE COMPENSATION PAYMENTS TO ELIGIBLE EMPLOYEES. PAYMENTS MADE TO ANY DISQUALIFIED PERSON, AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 4958, ARE APPROVED BY THE COMPENSATION COMMITTEE THROUGH THE PROCESS DESCRIBED IN FORM 990, PART VI, SECTION B, LINE 15. A PA HIGHER ED FACILITIES AUTHORITY- SERIES A&B 2005 222243852 70917NR97 2005-01-12 112618284 REFUND 1995 BONDS; SPRINKLER SYSTM false false false B PA HIGHER ED FACILITIES AUTHORITY- SERIES C 2005 222243852 70917N7V0 2005-08-18 146112644 REDEEM 1998 BONDS; CAP PROJECTS false false false C PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2009 222243852 70917RUS2 2009-03-16 228289883 VARIOUS CAPITAL PROJECTS false false false D PA HIGHER ED FACILITIES AUTHORITY- SERIES B 2009 222243852 70917RUS2 2009-03-16 44226561 REFUND 2008A (REFUNDING 2002B) false false false A 71353284 0 112618284 0 0 0 273585 0 0 5039284 107305415 0 2005 true true true true B 18840644 0 146112644 0 0 0 945629 0 0 70126989 75040026 0 2006 false true true true C 9307883 0 228463615 0 0 0 1585008 0 0 194666046 32212561 0 2011 false false true true D 5547561 0 44226561 0 0 0 327620 0 0 0 43898941 0 2002 true false true true A false false false false 0.00000 0.00350 0.00350 false false 0.00000 false true B false true false false 0.00314 0.00989 0.01303 false false 0.00000 false true C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true D 0.00000 0.00000 0.00000 A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true TAX-EXEMPT BONDS- ADDITIONAL CUSIP # INFORMATION FORM 990, SCHEDULE K, PART I, ROW A, ITEM (C) THE FOLLOWING IS AN ADDITIONAL CUSIP# FOR THE PA HIGHER ED FACILITIES AUTHORITY- SERIES A & B OF 2005- 70917NQ72 ------------------- TAX-EXEMPT BONDS- DESCRIPTION OF BOND ISSUES: ALLOCATION OF PROCEEDS FORM 990, SCHEDULE K, PART I A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2012 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725) AND TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE UPHS SERIES A 2012 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUSTANDING BALANCE WAS $29,830,493 FOR PENNSYLVANIA HOSPITAL AND $22,372,870 FOR PRESBYTERIAN MEDICAL CENTER AS OF JUNE 30, 2013. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2011 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725) AND TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE UPHS SERIES A 2011 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUSTANDING BALANCE WAS $14,897,097 FOR PENNSYLVANIA HOSPITAL AND $14,897,097 FOR PRESBYTERIAN MEDICAL CENTER AS OF JUNE 30, 2013. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A OF 2008 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A OF 2008 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUSTANDING BALANCE FOR PENNSYLVANIA HOSPITAL WAS $19,136,265 AS OF JUNE 30, 2013. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A OF 2005 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A OF 2005 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUSTANDING BALANCE FOR PRESBYTERIAN MEDICAL CENTER WAS $26,248,854 AS OF JUNE 30, 2013. ------------------- TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PROCEEDS OF ISSUES FORM 990, SCHEDULE K, PART II, LINE 3 FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2009, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $173,732 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2011, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $5,086 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2005, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $1,165,427 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2011, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $297 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2012, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $26,708 IN TOTAL INVESTMENT EARNINGS. ------------------- TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PRIVATE BUSINESS USE PERCENTAGES FORM 990, SCHEDULE K, PART III FOR THE PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A OF 2012, SERIES A OF 2011, UPHS SERIES A OF 2011, SERIES A OF 2009, AND UPHS SERIES A OF 2008, THE UNIVERSITY HAS SPECIFICALLY ALLOCATED EQUITY TO ALL SOURCES OF PRIVATE BUSINESS USE, WITH THE EXCEPTION OF ISSUANCE COSTS, WITHIN THE REQUIRED TIME FRAME. AS SUCH, THE UNIVERSITY HAS REPORTED NO PRIVATE BUSINESS USE FOR THESE BOND SERIES ON FORM 990, SCHEDULE K, PART III, LINES 4 AND 5. A PA HIGHER ED FACILITIES AUTHORITY- SERIES C 2009 222243852 70917RUS2 2009-03-16 31057669 PARTIAL REFUND OF 1998 BONDS false false false B PA HIGHER ED FACILITIES AUTHORITY- SERIES OF 2010 222243852 70917RP33 2010-10-13 77125325 COMPLETE REFUND OF 1998 BONDS false false false C PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2011 222243852 70917RS30 2011-03-02 150994928 CONSTRUCTION/RENOVATION PROJECTS false false false D WASHINGTON COUNTY AUTHORITY- SERIES OF 2004 222243852 938591BF0 2004-05-27 62500000 REDEEM 1985 BONDS false false false A 932669 0 31057669 0 0 0 224995 0 0 0 30832674 0 1998 true false true true B 769325 0 77125325 0 0 0 547309 0 0 0 76578016 0 1998 true false true true C 98928 0 151000014 0 0 0 815635 0 0 150187379 0 0 2011 false false true true D 5000000 0 62500000 0 0 0 465649 0 0 0 62034351 0 2004 true false true true A 0.00000 0.00000 0.00000 0.00000 B 0.00000 0.00000 0.00000 0.00000 C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true D 0.00000 0.00000 0.00000 0.00000 A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true true false 0 false 0 false true A true B true C true D true A PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2005 222243852 70917NX41 2005-02-16 295526878 REFUND SERIES A 1996 false false false B PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2005 222243852 70917NX41 2005-02-16 89118513 CTR FOR ADV MED FACILITY false false false C PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2008 222243852 70917RPY5 2008-04-16 105805000 REFUND PHX 2002; CAPITAL PROJECTS false false false D PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2008 222243852 70917RTN5 2008-11-05 198316551 REFUND UPHS SERIES C&D 2005 false false false A 121115878 0 295526878 0 0 0 348073 5082378 0 0 290096427 0 1996 false true true true B 48046513 0 90283940 0 0 0 95577 1339245 0 33129342 55719776 0 2010 false true true true C 19295000 0 105805000 0 0 0 786485 79656 0 81538099 23400760 0 2009 true false true true D 0 0 198316551 0 0 0 2241551 0 0 0 196075000 0 2005 true false true true A 0.00000 0.00000 0.00000 0.00000 B false true true true true true 0.01154 0.00011 0.01165 false false 0.00000 false true C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true D false true true true true true 0.00138 0.00015 0.00153 false false 0.00000 false true A false true false false 0 true WACHOVIA BANK 1.58 true false true B false true false false 0 true WACHOVIA BANK 1.58 true false true C false true true false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true A PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2011 222243852 70917RT47 2011-03-02 148861396 CONSTRUCTION/RENOVATION PROJECTS false false false B PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2012 222243852 70917R5B7 2012-05-02 149995567 EXPANSION/FACILITY ENHANCEMENT false false false C PHILA AUTHORITY FOR IND DEVELOPMENT- SERIES 2007 222237287 71781QCU0 2007-04-27 9300000 LAND & PROPERTY ACQ/IMPROVEMENTS false false false A 0 0 148861693 0 0 0 1061385 0 0 147800308 0 0 2012 false false true true B 843567 0 150022275 0 0 0 1006804 0 0 143838829 0 5176642 2013 false false false true C 0 0 9300000 0 0 0 186000 0 0 9114000 0 0 2007 false false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true B false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true C false false false false 0.00000 0.00000 0.00000 false false 0.00000 false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true true false 0 false 0 false true A true B true C true AMY GUTMANN PRESIDENT, TRUSTEE EMPLOYEE LOAN X 700000 240000 false true true ANDREW PORTER DEAN, GSE EMPLOYEE LOAN X 150000 21429 false true true MARILYN J TAYLOR DEAN, SOD EMPLOYEE LOAN X 150000 2500 false true true 263929 COMCAST CORPORATION COMMON TRUSTEE/OFFICER 675620 PROGRAMMING/ADVERTISING SRVCS false GENERAL ELECTRIC COMPANY COMMON TRUSTEE/OFFICER 10311136 MEDICAL DEVICES/SERV CONTRACTS false GOLDMAN SACHS COMMON TRUSTEE/OFFICER 3497979 DERIVATIVE OPERATIONS false GOLDMAN SACHS COMMON TRUSTEE/OFFICER 11900000 POSTING OF COLLATERAL/RETURNS false JP MORGAN ASSET MANAGEMENT COMMON TRUSTEE/OFFICER 1647057 PENSION PLAN CONTRIB/SERVICES false DIVERSIFIED SEARCH COMMON TRUSTEE/OFFICER 265960 EXECUTIVE SEARCH SERVICES false XEROX COMMON TRUSTEE/DIRECTOR 1074583 TECHNOLOGY AND BUSINESS SERVS false GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS FORM 990, SCHEDULE L, PART III CERTAIN OFFICERS AND/OR KEY EMPLOYEES OF THE UNIVERSITY MAY RECEIVE TUITION ASSISTANCE FROM THE ORGANIZATION. THE AMOUNT OF SUCH ASSISTANCE HAS BEEN ACCOUNTED FOR AS A COMPONENT OF OVERALL COMPENSATION REPORTED FOR EACH APPLICABLE OFFICER/KEY EMPLOYEE ON FORM 990, PART VII. AS A RESULT, PURSUANT TO THE FORM 990, SCHEDULE L INSTRUCTIONS, SUCH AMOUNTS HAVE NOT BEEN ALSO REPORTED ON SCHEDULE L, PART III. SUPPLEMENTAL INFORMATION REGARDING BUSINESS TRANSCATIONS INV. INT. PERSONS FORM 990, SCHEDULE L, PART IV, ITEM #2 THE GENERAL ELECTRIC COMPANY MEDICAL DEVICES/SERV CONTRACTS LINE ITEM REPRESENTS COMBINED PAYMENTS MADE TO VARIOUS SUBDIVIONS OF THE GENERAL ELECTRIC COMPANY FOR THE PURCHASE OF VARIOUS MEDICAL DEVICES AND RELATED SERVICE CONTRACTS. FORM 990, SCHEDULE L, PART IV, ITEM #4 THE GOLDMAN SACHS POSTING OF COLLATERAL/RETURNS SIGNIFIES COLLATERAL REQUIRED TO BE POSTED UNDER THE TERMS OF THE INTEREST RATE SWAP AGREEMENT IF CERTAIN THRESHOLDS ARE MET. THE AMOUNT REPRESENTS COLLATERAL POSTED DURING THE FISCAL YEAR. THE FULL AMOUNT OF COLLATERAL POSTED DURING THE FISCAL YEAR WAS RETURNED BY THE END OF THE FISCAL YEAR AND THERE WAS NO COLLATERAL POSTED AT FISCAL YEAR END. ADDITIONAL SUPPLEMENTAL INFORMATION REGARDING BUSINESS TRANSACTIONS FORM 990, SCHEDULE L, PART IV TRUSTEE DAVID L. COHEN, ESQ. IS ALSO AN OFFICER OF COMCAST CORPORATION. TRUSTEE PAMELA DALEY, ESQ. IS ALSO AN OFFICER OF GENERAL ELECTRIC COMPANY. TRUSTEE MARK O. WINKELMAN IS ALSO AN OFFICER OF GOLDMAN SACHS. TRUSTEE LEE SPELMAN DOTY IS ALSO AN OFFICER OF JP MORGAN ASSET MANAGEMENT. TRUSTEE MARIE A. SAVARD, MD IS ALSO AN OFFICER OF DIVERSIFIED SEARCH. TRUSTEE ANN NOLAN REESE IS ALSO A DIRECTOR OF XEROX. X 5 2140065 FAIR MARKET VALUE X 6411338 FAIR MARKET VALUE X 566 76292614 FAIR MARKET VALUE X DONATED EQUIPMENT 10 3990308 FAIR MARKET VALUE X OTHER GIFTS IN KIND 9 766341 FAIR MARKET VALUE 30 false true true UTILIZATION OF THIRD PARTIES FOR SALES SCHEDULE M, PART I, LINE 32B IN RARE INSTANCES WHERE NON-RARE, DUPLICATE, DONATIONS OF ART, HISTORICAL ASSETS OR OTHER SIMILAR ASSETS ARE RECEIVED, SUCH ITEMS MAY BE SENT TO A NON-PROFIT VENDOR FOR RESALE. THE UNIVERSITY THEN RECEIVES A PORTION OF THE SALES PRICE. THE TOTAL ACTIVITY WITH THIS VENDOR TYPICALLY GENERATES LESS THAN $2,000 PER YEAR. BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS FORM 990, PART IV, LINE 28 AND FORM 990, SCHEDULE L, PART IV DURING THE NORMAL COURSE OF ITS OPERATIONS AND AFTER APPROPRIATE REVIEW THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") MAY OCCASIONALLY TRANSACT BUSINESS WITH PERSONS AND/OR ORGANIZATIONS DESCRIBED ON FORM 990, PART IV, LINE 28. IN THIS REGARD, THE UNIVERSITY ADHERES TO A CONFLICT OF INTEREST POLICY AND ANY SUCH TRANSACTIONS ARE CONDUCTED AT AN ARMS-LENGTH BASIS. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 THE FIRST DRAFT OF THE FEDERAL FORM 990 IS RECEIVED FROM OUR TAX CONSULTING FIRM, PRICEWATERHOUSECOOPERS LLP ("PWC"), ON OR BEFORE MARCH 15TH OF THE FILING YEAR AND REVIEWED BY THE ASSOCIATE COMPTROLLER. THE FORM 990 IS THEN DISTRIBUTED TO VARIOUS SENIOR FINANCIAL MANAGEMENT OFFICIALS, INCLUDING THE COMPTROLLER, CFO OF THE HEALTH SYSTEM AND VICE PRESIDENT FOR FINANCE AND TREASURER PRIOR TO MEETING WITH PWC AND THE ASSOCIATED COMPTROLLER TO DISCUSS AND FINALIZE THE FORM. A "FINAL" DRAFT COPY OF THE FEDERAL FORM 990 IS DISTRIBUTED ELECTRONICALLY TO THE AUDIT AND COMPLIANCE COMMITTEE APPROXIMATELY 6 WEEKS PRIOR TO THE FILING DEADLINE. A TELECONFERENCE IS ESTABLISHED WITHIN 3 WEEKS FROM THE DISTRIBUTION DATE TO DISCUSS QUESTIONS, CONCERNS AND ISSUES. ATTENDEES INCLUDE THE MEMBERS OF THE AUDIT AND COMPLIANCE COMMITTEE, ASSOCIATE VP FOR AUDIT, COMPLIANCE AND PRIVACY, AND THE ASSOCIATE COMPTROLLER. THE FINAL COPY OF THE FEDERAL FORM 990 IS POSTED TO THE TRUSTEES WEB SITE FOR DISTRIBUTION AND REVIEW TO ALL TRUSTEES PRIOR TO THE ACTUAL FILING DEADLINE. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION A, LINE 12C EACH COVERED PERSON* ANNUALLY SHALL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE PROVIDED BY THE UNIVERSITY AND SHALL UPDATE SUCH QUESTIONNAIRE PROMPTLY AS NECESSARY TO REFLECT CHANGES DURING THE COURSE OF THE YEAR. FORMER BOARD MEMBERS WHO ARE NOT TRUSTEES EMERITI ARE ENCOURAGED BUT NOT REQUIRED TO COMPLETE THE QUESTIONNAIRE DURING THE FIVE-YEAR PERIOD FOLLOWING COMPLETION OF THEIR TERMS. COMPLETED QUESTIONNAIRES SHALL BE RETURNED TO THE OFFICE OF THE SECRETARY AND SHALL BE SUBJECT TO REVIEW BY SUCH OFFICE AND THE OFFICE OF THE GENERAL COUNSEL, AS WELL AS BY ANY OUTSIDE LEGAL COUNSEL AND/OR AUDITORS WHO MAY BE APPOINTED TO ADVISE THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES APPOINTED TO OVERSEE THIS POLICY. COMPLETED QUESTIONNAIRES ALSO SHALL BE AVAILABLE FOR INSPECTION BY ANY BOARD MEMBER. *COVERED PERSONS INCLUDE: (1) VOTING MEMBERS OF THE BOARD OF TRUSTEES (INCLUDING CHARTER TRUSTEES, TERM TRUSTEES, ALUMNI TRUSTEES, AND COMMONWEALTH TRUSTEES); (2) TRUSTEES EMERITI WHO HAVE SERVED IN THAT CAPACITY FOR FIVE YEARS OR LESS; (3) OTHER FORMER VOTING TRUSTEES FOR A PERIOD OF FIVE YEARS FROM THE END OF THEIR TERM AS SUCH; (4) OFFICERS AS DEFINED IN THE STATUTES; (5) MEMBERS OF THE INVESTMENT BOARD; AND (5) KEY EMPLOYEES. EACH COVERED PERSON (EXCEPT FORMER BOARD MEMBERS WHO ARE NOT TRUSTEES EMERITI) SHALL BE REQUIRED TO ACKNOWLEDGE, NOT LESS THAN ANNUALLY, THAT HE OR SHE HAS READ AND IS IN COMPLIANCE WITH THIS POLICY. COMPENSATION PROCESS FORM 990, PART VI, SECTION B, LINE 15 THE MEMBERSHIP OF THE COMPENSATION COMMITTEE CONSISTS OF AT LEAST 5 DISINTERESTED, VOTING MEMBERS OF THE BOARD OF THE TRUSTEES. THE COMMITTEE HAS THE AUTHORITY AND RESPONSIBILITY BOTH FOR PROVIDING OVERSIGHT AND REVIEW OF THE EXECUTIVE COMPENSATION PROCESS, OVERSIGHT AND REVIEW OF THE ACTUAL COMPENSATION DECISIONS, AND FOR REVIEWING ACTUAL AND PERCEIVED CONFLICT OF INTEREST TRANSACTIONS INVOLVING TRUSTEES AND STATUTORY OFFICERS ACCORDING TO GUIDELINES ESTABLISHED BY THE UNIVERSITY'S CONFLICT-OF-INTEREST POLICY AS ADOPTED BY THE BOARD OF TRUSTEES. THE COMMITTEE ADOPTS AND IMPLEMENTS EXECUTIVE COMPENSATION PRINCIPLES, AND IS ACCOUNTABLE FOR THE COMPENSATION AND BENEFITS ARRANGEMENTS OF THE PRESIDENT AND HER DIRECT REPORTS, THE STATUTORY OFFICERS, SENIOR ACADEMIC OFFICIALS, DEANS, OTHER KEY EMPLOYEES, AND ALL THOSE INDIVIDUALS WHO ARE POTENTIAL DISQUALIFIED PERSONS WITHIN THE MEANING OF THE INTERMEDIATE SANCTIONS LEGISLATION. THE COMMITTEE MAY PERIODICALLY REVIEW THE COMPENSATION AND BENEFITS OF OTHER HIGHLY COMPENSATED INDIVIDUALS, EVEN IF THEY ARE NOT DEEMED TO EXERCISE "SUBSTANTIAL INFLUENCE" OVER THE UNIVERSITY. THE COMPENSATION SUBCOMMITTEE (CREATED TO CONFORM TO CERTAIN PROCEDURES IN DOCUMENTING REASONABLE SALARIES FOR THE OFFICERS OF THE UNIVERSITY), MEETS AT LEAST TWICE A YEAR TO REVIEW APPROPRIATE DATA, INCLUDING COMPARABLE SALARIES, IN ORDER TO REPORT ITS CONCLUSIONS AND RECOMMENDATIONS ON OFFICERS' SALARIES FOR FINAL APPROVAL. THE COMPENSATION SUBCOMMITTEE ENGAGES AN INDEPENDENT THIRD PARTY TO SERVE AS A CONSULTANT. DOCUMENTS AVAILABILITY TO PUBLIC FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS - OFFICIAL RECORDS GENERATED OR RECEIVED BY THE ADMINISTRATIVE AND ACADEMIC OFFICES OF THE UNIVERSITY IN THE CONDUCT OF THEIR BUSINESS ARE THE PROPERTY OF THE UNIVERSITY AND MAY BECOME ARCHIVAL MATERIAL. THE ARCHIVED RECORDS ARE AVAILABLE THROUGH THE UNIVERSITY ARCHIVES AND RECORDS CENTER WEB SITE HTTP://WWW.ARCHIVES.UPENN.EDU UNDER "PRIMARY SOURCES". FORM 1023 - SINCE THE UNIVERSITY HAS BEEN IN EXISTENCE SINCE 1740, THE ORGANIZATION WAS NOT REQUIRED TO FILE A FORM 1023 APPLICATION. INSTEAD, ITS IRC SECTION 501(C)(3) TAX-EXEMPT STATUS WAS GRANDFATHERED BY THE IRS. CONFLICT OF INTEREST POLICES - POLICIES, STATEMENTS, AND GUIDELINES ARE AVAILABLE TO THE PUBLIC ON THE OFFICE OF THE AUDIT, COMPLIANCE, AND PRIVACY WEB SITE AT HTTP://WWW.UPENN.EDU/AUDIT/OACP UNDER PRINCIPLES OF RESPONSIBLE CONDUCT. FINANCIAL STATEMENTS - THE UNIVERSITY'S ANNUAL REPORT IS PRODUCED BY THE OFFICE OF THE VICE PRESIDENT AND TREASURER IN CONJUNCTION WITH THE OFFICE OF THE COMPTROLLER AND INCLUDES THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS, SUMMARY OF ENDOWMENT PERFORMANCE, AND MESSAGES FROM EXECUTIVE MANAGEMENT. ANNUAL REPORTS ARE PUBLISHED AFTER THE CLOSE OF EACH FISCAL YEAR (JULY 1 TO JUNE 30) AND ARE AVAILABLE ON THE COMPTROLLER WEB SITE AT HTTP://WWW.FINANCE.UPENN.EDU/COMPTROLLER UNDER ANNUAL REPORTS. BALANCE SHEET FORM 990, PART X CERTAIN PRIOR YEAR BALANCES HAVE BEEN RESTATED TO CONFORM TO THE CURRENT YEAR PRESENTATION. DETAIL OF OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 PENSION & OTHER POSTRETIREMENT PLAN ADJ. $310,150,000 RA CITRUS-HEIGHT REMAINDERCO LLC 6162 SAN JUAN AVE CITRUS HEIGHTS CA 95610 134018559 REMAINDER CA 0 0 NA RA FLINT REMAINDERCO LLC 5014 CLIO ROAD FLINT MI 48501 134018594 REMAINDER MI 0 0 NA RA GIBBSTOWN REMAINDERCO LLC 380 HARMONY ROAD GIBBSTOWN NJ 08027 231352685 REMAINDER NJ 0 0 NA RA BLYTHE REMAINDERCO LLC 890 E HOBSON WAY BLYTHE CA 92225 231352685 REMAINDER CA 0 0 NA RA CLAREMONT REMAINDERCO LLC 45-99 WASHINGTON STREET CLAREMONT NH 03743 231352685 REMAINDER NH 0 0 NA RA03 NEW OXFORD REMAINDERCO LLC 5675 YORK ROAD NEW OXFORD PA 17350 231352685 REMAINDER PA 0 0 NA UNIV OF PENN USA FOUNDATION LTD 19 NORCOTT ROAD LONDON ENGLAND UK N167EJ 980387770 CHARITY UK 547608 967381 TRUSTEES UNIV OF PENN (HK) FND LIMITED ROOM 8 7/F K WAH CENTRE 191 JAVA RD HONG KONG HK 981062727 CHARITY HK -1161 408904 TRUSTEES LEARNING ALLIANCE LLC 1398 WLIMINGTON PIKE WEST CHESTER PA 19383 562351966 EDUCATIONAL PA 124030 2628724 TRUSTEES ABRAMSON INSTITUTE 1086 PENLLYN BLUE BELL PIKE BLUE BELL PA 19422 232929823 MED RESEARCH PA 501(C)(3) 4 NA false CLINICAL CARE ASSOCIATES OF UPHS 250 KING OF PRUSSIA RD 4TH FL RADNOR PA 19087 232729852 HEALTHCARE PA 501(C)(3) 9 TRUSTEES true UNIVERSITY CLUB AT PENN INC 3611 WALNUT STREET PHILADELPHIA PA 19104 236299508 FAC. CLUB PA 501(C)(3) 11, A TRUSTEES true FRANKLIN SPECIALTY PHYSICIANS 3451 WALNUT STREET PHILADELPHIA PA 19104 232992715 SUPPORT ORG PA 501(C)(3) 11, B PA HOSPITAL true HALL MERCER HOSPITAL 1735 MARKET STREET PHILADELPHIA PA 19103 236002383 SUPPORT ORG PA 501(C)(3) 11, A NA false OAP INC 3451 WALNUT STREET ROOM 329 PHILADELPHIA PA 19104 231986931 SUPPORT ORG PA 501(C)(3) 11, A TRUSTEES true PENN CENTER FOR REHAB AND CARE 3609 CHESTNUT STREET PHILADELPHIA PA 19104 232422635 HEALTHCARE PA 501(C)(3) 3 PMC true PENN CLUB OF NEW YORK INC 30 WEST 44TH STREET NEW YORK NY 10036 232726687 CLUB NY 501(C)(7) N/A NA false PENN PRAXIS INC 210 SOUTH 34TH STREET PHILADELPHIA PA 19104 752974931 SUPPORT ORG PA 501(C)(3) 11, A TRUSTEES true PENN PRESS INC 3905 SPRUCE STREET PHILADELPHIA PA 19107 231876142 PUBLISHING PA 501(C)(3) 11, A TRUSTEES true PENNSYLVANIA HOSPITAL OF UPHS 800 SPRUCE STREET PHILADELPHIA PA 19107 311538725 HEALTHCARE PA 501(C)(3) 3 TRUSTEES true PGH DEVELOPMENT CORP 426 CURIE BLVD 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PENN PRAXIS INC O,R 1306278 FMV PENN TOWER HOTEL INC A 1500000 FMV PINE RIVER 1740 FUND LTD B 140000000 FMV PINE RIVER 1740 TACTICAL FUND LTD B 20000000 FMV PENNSYLVANIA HOSPITAL OF UPHS K,O,P 32830254 FMV PRESBYTERIAN MEDICAL CENTER OF UPHS K,O,P 45132331 FMV SOMERSET GLBL EM MARKETS FUND LLC C 639568 FMV UPENN INTERNATIONAL B 710000 FMV UPENN RETIREE BENEFITS TRUST B 27547286 FMV WISSAHICKON HOSPICE OF UPHS O,P,R 2925331 FMV DETAIL OF LEGAL DOMICLES FOR CHARITABLE REMAINDER TRUSTS FORM 990, SCHEDULE R, PART IV, LINE 4 AS OF JUNE 30, 2013, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") HELD INTERESTS IN 2 CHARITABLE REMAINDER TRUST IN FLORIDA, 1 CHARITABLE REMAINDER TRUSTS IN NEW YORK AND 63 CHARITABLE REMAINDER TRUSTS IN PENNSYLVANIA WHERE THE UNIVERSITY HAD MORE THAN 50% OF THE BENEFICIAL INTERESTS IN THE TRUST.