2014-05-13T12:09:33-05:00 2013-06-30 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2012-07-01 133297197 THE NEW SCHOOL NEWS 2122295600 66 WEST 12TH STREET NEW YORK NY 10011 STEPHEN STABILE 2122295600 2014-05-05 1 GARRETT M HIGGINS P00543209 2122862600 2014-05-08 2012 2015-11-30 17:44:51Z DAVID VAN ZANDT 66 WEST 12TH STREET NEW YORK NY 10011 585947074 0 X WWW.NEWSCHOOL.EDU X 1919 NY SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT IN FULLTHE NEW SCHOOL'S MISSION IS TO PREPARE OUR STUDENTS TO UNDERSTAND, CONTRIBUTE TO, AND SUCCEED IN A RAPIDLY CHANGING SOCIETY, AND THUS MAKE THE WORLD A BETTER AND MORE THAN JUST A PLACE. 43 40 6945 312 -40412 -43682 27148877 23711767 364739292 368311185 10401643 6039525 3593123 3930435 405882935 401992912 86078122 90421907 0 0 205450550 203120528 0 0 3861326 105005655 104208162 396534327 397750597 9348608 4242315 961229154 958001560 533140487 518736624 428088667 439264936 X SEE SCHEDULE O 0 0 129105280 337043797 ACADEMIC PROGRAM: THE UNIVERSITY'S ACADEMIC PROGRAM IS COMPOSED OF INSTRUCTIONAL, RESEARCH AND PUBLIC SERVICE ACTIVITIES. THE UNIVERSITY AWARDS BACCALAUREATE, MASTERS, AND DOCTORAL DEGREES. IN ACADEMIC YEAR 2012-13 IT ENROLLED 10,575 DEGREE STUDENTS AND 2,661 CONTINUING EDUCATION STUDENTS. THE UNIVERSITY RESEARCH AND PUBLIC SERVICE ACTIVITIES ENABLE FACULTY TO EXPLORE NEW AREAS OF EDUCATION, LEARNING AND KNOWLEDGE AND PROVIDES NON-INSTRUCTIONAL SERVICES TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. 90421907 90421907 SCHOLARSHIP AND FINANCIAL AID:THE NEW SCHOOL SEEKS TO MAKE ITS EDUCATION AS AFFORDABLE AS POSSIBLE BY OFFERING FINANCIAL SUPPORT TO STUDENTS BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT, AND OTHER QUALIFICATIONS THROUGH SCHOLARSHIPS AND WORK STUDY PROGRAMS, WHICH ARE FUNDED BY INSTITUTIONAL FUNDS AND FEDERAL, STATE AND PRIVATE GRANTS. IN ACADEMIC YEAR 2012-13, 7,957 STUDENTS RECEIVED INSTITUTIONAL SCHOLARSHIPS AND 8,594 STUDENTS RECEIVED AT LEAST ONE FORM OF INSTITUTIONAL OR PUBLIC SCHOLARSHIPS, GRANTS, LOANS, OR WORK STUDY AWARDS. 85803265 EDUCATIONAL SUPPORT: THE UNIVERSITY'S EDUCATIONAL SUPPORT PROGRAM IS COMPOSED OF ACADEMIC SUPPORT AND STUDENT SERVICES. ACADEMIC SUPPORT PROVIDES SUPPORT SERVICES, SUCH AS LIBRARIES, ACADEMIC TECHNOLOGY, FACULTY AND CURRICULUM DEVELOPMENT, FOR ITS PRIMARY MISSIONS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE. STUDENT SERVICES PROVIDE VARIOUS SERVICES TO STUDENTS, WHICH CONTRIBUTE TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE UNIVERSITY'S FORMAL INSTRUCTIONAL PROGRAMS. 30269614 31267388 AUXILIARY REVENUE FOR ROOM AND BOARD AND HEALTH SERVICES. 30269614 31267388 335600066 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 1 11335 0 1 6945 1 1 1 1 GM FR 0 0 0 1 1 0 0 0 0 X 43 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X STEVE STABILE VP TREASURER 2122295600 66 WEST 12TH STREET NEW YORK NY 10011 X DAVID VAN ZANDT 60.00 X X 717515 0 618375 JOSEPH R GROMEK 1.00 X X 0 0 0 FRANCI J BLASSBERG 1.00 X X 0 0 0 GARRY CROWDER 1.00 X X 0 0 0 SUSAN L FOOTE 1.00 X X 0 0 0 ELLIOT STEIN 1.00 X X 0 0 0 BETH RUDIN DEWOODY 1.00 X 0 0 0 JANE DE FLORIO 1.00 X 0 0 0 BEVIS LONGSTRETH 1.00 X 0 0 0 DOUGLAS D DURST 1.00 X 0 0 0 DAVID B FORD 1.00 X 0 0 0 BERNARD L SCHWARTZ 1.00 X 0 0 0 JEFFREY GURAL 1.00 X 0 0 0 GEORGE WALKER 1.00 X 0 0 0 HENRY H ARNHOLD 1.00 X 0 0 0 JUDITH ZARIN 1.00 X 0 0 0 JOHN L TISHMAN 1.00 X 0 0 0 JONATHAN NEWCOMB 1.00 X 0 0 0 JOSHUA SAPAN 1.00 X 0 0 0 JULIEN J STUDLEY 1.00 X 0 0 0 TIMOTHY L PORTER 1.00 X 0 0 0 KAY UNGER 1.00 X 0 0 0 LILIAN SHIAO-YEN WU 1.00 X 0 0 0 LINDA E RAPPAPORT 1.00 X 0 0 0 MALCOLM B SMITH 1.00 X 0 0 0 MICHAEL E GELLERT 1.00 X 0 0 0 MICHAEL J JOHNSTON 1.00 X 0 0 0 LEE SLAUGHTER 1.00 X 0 0 0 CHRISTOPHER B KUENNE 1.00 X 0 0 0 NANCY LUBLIN 1.00 X 0 0 0 PAUL A GOULD 1.00 X 0 0 0 RENAUD DUTREIL 1.00 X 0 0 0 ROBERT F HOERLE 1.00 X 0 0 0 ROBERT H MUNDHEIM 1.00 X 0 0 0 SHEILA C JOHNSON 1.00 X 0 0 0 STEVEN H BLOOM 1.00 X 0 0 0 DOMINIQUE BLUHDORN 1.00 X 0 0 0 SUSAN M LYNE 1.00 X 0 0 0 SUSAN U HALPERN 1.00 X 0 0 0 WILLIAM D ZABEL 1.00 X 0 0 0 WILLIAM E HAVEMEYER 1.00 X 0 0 0 RANDALL S YANKER 1.00 X 0 0 0 ARNOLD H ARONSON 1.00 X 0 0 0 ROSEMARY MATHEWSON 40.00 X 282704 0 35846 TIM MARSHALL 40.00 X 501825 0 46783 FRANK BARLETTA 40.00 X 362703 0 32010 CAROL CANTRELL 40.00 X 277500 0 50489 SHELLEY REED 40.00 X 308779 0 50310 LINDA REIMER 40.00 X 258331 0 51479 MARY SANGER 40.00 X 307375 0 52131 LIA GARTNER 40.00 X 245057 0 46547 ROBERT GAY 40.00 X 415301 0 47534 STEVE STABILE 40.00 X 217221 0 25144 ROY MOSKOWITZ 40.00 X 355064 0 52123 PETER TABACK 40.00 X 194975 0 31743 ANDREW ATZERT 40.00 X 76154 0 11517 DONALD RESNICK 40.00 X 110151 0 3974 PAMELA BESNARD 40.00 X 317602 0 48153 NANCY MARTIN 40.00 X 219053 0 914 MICHAEL SCHOBER 40.00 X 256120 0 33068 JOEL TOWERS 40.00 X 305779 0 51534 DAVID SCOBEY 40.00 X 364188 0 30209 RICHARD KESSLER 40.00 X 246038 0 54181 STEPHANIE BROWNER 40.00 X 408341 0 36219 ANN STOLER 40.00 X 263856 0 43699 NEIL GRABIOS 40.00 X 267450 0 25000 WILLIAM MORRISH 40.00 X 216298 0 48027 SIMON COLLINS 40.00 X 211141 0 43489 PAUL GOLDBERGER 40.00 X 204184 0 47950 J ROBERT KERREY 40.00 X 473771 0 26321 JAMES MURTHA 24.00 X 180007 0 31060 BENJAMIN LEE 40.00 X 328912 0 24059 LISA SERVON 40.00 X 186362 0 26293 JOEL LESTER 40.00 X 234034 0 51039 STEFANIA DE KENESSEY 40.00 X 123167 0 39309 9436958 0 1816529 176 1 1 0 SKIDMOREOWINGS & MERRILL LLP 14 WALL STREET NEW YORK NY 10005 ARCHITECTURAL SERVICE 1285605 HOGAN LOVELLS US LLP 555 13TH STREET NW WASHINGTON DC 11001 LEGAL SERVICES 774186 MARBLE FAIRBANKS 20 JAY STREET BROOKLYN NY 11201 ARCHITECTURAL SERVICE 689168 CAULDWELL WINGATE COMPANY LLC 580 LEXINGTON AVENUE NEW YORK NY 10168 ARCHITECT & DESIGN 559894 ALLIANCE ENVIRONMENTAL LLC 110 PARKWAY DR SOUTH HAUPPAUGE NY 11788 ARCHITECTURAL SERVICE 533302 27 2187765 5117243 16406759 242083 23711767 TUITION & FEES 900099 335706589 335706589 AUX ENTERPRISE REV 900099 31267388 31267388 COMMERCIAL CONTRACTS 900099 869452 869452 SVC OF EDUCATION DEPT 900099 467756 467756 368311185 4813460 -40412 4853872 90643 90643 2945119 0 2945119 2945119 2945119 184525802 183390380 1135422 1135422 1135422 229890 2187765 563782 -333892 -333892 INDIRECT COST RECOVERY 900099 1056690 1056690 COMMISSIONS 900099 112226 112226 JOURNAL/CONFERENCE FEES 900099 84406 84406 65886 65886 1319208 401992912 368311185 -40412 10010372 90421907 90421907 1778041 904174 638867 235000 7827774 3495180 3648702 683892 142226304 123557726 17081854 1586724 13611395 11471029 1915715 224651 27001557 18957789 7578326 465442 10675457 8996761 1502501 176195 1118369 70254 1048115 180500 180500 489281 489281 527943 527943 6434921 4246768 2157737 30416 2956155 2918227 34408 3520 9035733 4899986 4066292 69455 2984252 1436461 1545971 1820 126947 126947 40415735 33704163 6704498 7074 4503077 4226836 214700 61541 468386 429240 34931 4215 6398905 5307392 1024092 67421 374052 344052 30000 13171758 10346022 2741271 84465 775885 143817 632068 FOOD SERVICES 3555015 3400924 95304 58787 LIBRARY 2341292 2327947 13345 BAD DEBT EXPENSE 2172435 667 2171768 PRINTING AND PUBLICATIO 1329700 1017481 275271 36948 4847821 2848316 1935745 63760 397750597 335600066 58289205 3861326 8071821 10730482 1192201 929698 38560678 20424252 10231673 10841388 150000 4303903 4105171 16112962 18144308 631893772 122075193 379335435 509818579 251061808 271478714 71080019 68337747 181128654 43191221 961229154 958001560 79826535 69363419 11459993 11036804 438083581 434568365 3770378 3768036 533140487 518736624 X 233050060 239982674 116695430 118968983 78343177 80313279 428088667 439264936 961229154 958001560 X 4242315 6650815 283139 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 489281 489281 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: THE EXPENSES WERE INCURRED FOR THE PURPOSE OF GOVERNMENT RELATIONS ACTIVITIES WITH THE CITY OF NEW YORK, STATE OF NEW YORK, AND FEDERAL GOVERNMENT; LOBBYING ACTIVITIES IN SUPPORT OF HIGHER EDUCATION ISSUES AND LEGISLATION; AND TO ASSIST IN PROCURING APPROPRIATIONS AND GRANTS. X X X EDUCATION 0 204782000 6546142 12236744 3279677 6422318 213862891 216984122 2275660 -4553073 3392370 6532339 204782000 188168547 4087531 34861283 3605236 6528003 216984122 179373610 1144433 18229335 3788026 6790805 188168547 219174978 3760680 -32565876 3842743 7153429 179373610 0.47000 0.53000 0 0 52913688 52913688 199046964 91566860 107480104 61658415 23026332 38632083 13735650 7482001 6253649 304539055 304539055 509818579 INVESTMENTS- HEDGE FUNDS 33315715 F INVESTMENTS- PRIVATE EQUITY 13655297 F INVESTMENTS- COMMODITIES 21366735 F 68337747 REFUNDABLE PORTION PERKINS STUDENT 3768036 3768036 X 318540798 6650815 846921 7497736 311043062 527943 90421907 90949850 401992912 307364529 563782 563782 306800747 527943 90421907 90949850 397750597 PART III, LINE 1A: THE UNIVERSITY'S ART COLLECTION CONSISTS OF WORKS OF ART, INCLUDING PRINTS, PAINTINGS, PHOTOGRAPHS, AND SCULPTURES THAT ARE HELD FOR THE PURPOSES OF PUBLIC EXHIBITION, EDUCATION, AND RESEARCH. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED BY THE UNIVERSITY'S CURATORS UNDER THE SUPERVISION OF THE OFFICE OF THE PROVOST. THE ART COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, IS NOT RECOGNIZED AS AN ASSET IN THE BALANCE SHEET. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS EXPENSES AND CONTRIBUTED COLLECTION ITEMS ARE NOT REPORTED AS CONTRIBUTIONS. PROCEEDS FROM SALES ARE REFLECTED AS INCREASES IN UNRESTRICTED NET ASSETS. PART III, LINE 4: THE MISSION OF THE NEW SCHOOL ART COLLECTION, IN RECOGNITION OF ITS HISTORIC COMMITMENT TO ART AS A VEHICLE FOR SOCIOPOLITICAL CHANGE, IS TO ADVANCE THE IMPORTANCE OF ART AS AN AGENT FOR PERSONAL AND COLLECTIVE TRANSFORMATION. AS A CURRICULAR RESOURCE FOR ALL AREAS OF STUDY, THE ROLE OF THE COLLECTION IS TO CONSERVE, INTERPRET, AND PRESENT WORKS OF ART TO THE STUDENTS, FACULTY, AND GREATER COMMUNITY. NEW ACQUISITIONS SUPPORT THE VISION OF THE UNIVERSITY AS AN ENVIRONMENT FOR INNOVATIVE THINKING AND ARTISTIC EXPERIMENTATION. HISTORY OF THE COLLECTION: THE UNIVERSITY'S LEGACY OF SUPPORTING THE FREEDOM OF ARTISTIC EXPRESSION BEGAN IN 1931 WITH THE COMMISSIONING OF TWO HISTORICALLY SIGNIFICANT MURAL CYCLES: JOSE CLEMENTE OROZCO'S A CALL FOR REVOLUTION AND UNIVERSAL BROTHERHOOD AND THOMAS HART BENTON'S EPIC AMERICA TODAY. OVER THE YEARS, THE UNIVERSITY HAS HOSTED A ROSTER OF ACCOMPLISHED ARTISTS, WRITERS, DANCERS, DESIGNERS, HISTORIANS, SOCIAL SCIENTISTS, AND PHILOSOPHERS, CREATING A FLOURISHING LABORATORY FOR EXPERIMENTATION AND INNOVATION. AS AN INSTITUTION THAT EMBRACED SUCH DIVERSE FIGURES AS POET ROBERT FROST, ANTHROPOLOGIST MARGARET MEADE, ART HISTORIAN MEYER SCHAPIRO, AND COMPOSER/CONCEPTUAL ARTIST JOHN CAGE, THE NEW SCHOOL HAS ALWAYS STOOD AT THE FOREFRONT OF SELF-DISCOVERY AND VISIONARY SOCIAL, INTELLECTUAL, AND AESTHETIC EXPERIMENTATION. THE NEW SCHOOL ART COLLECTION WAS ESTABLISHED IN 1960 WITH A GRANT FROM THE ALBERT A. LIST FOUNDATION. THE COLLECTION, GROWN TO APPROXIMATELY 1,800 POSTWAR AND CONTEMPORARY WORKS OF ART, INCLUDES EXAMPLES IN ALMOST ALL MEDIA BY SOME OF THE MOST INNOVATIVE AND CREATIVE ARTISTS OF OUR TIME. INSTALLED THROUGHOUT THE UNIVERSITY CAMPUS AND TRANSFORMING THE PUBLIC SPACES INTO LIVELY FORUMS FOR EXAMINING CONTEMPORARY ART, THE COLLECTION OFFERS STUDENTS AND FACULTY A RARE OPPORTUNITY TO ENGAGE WITH ART ON A DAILY BASIS, MAKING IT A DISTINCTIVE COMPONENT OF THEIR EDUCATIONAL EXPERIENCE. THE COLLECTION HAS CONTINUED ITS TRADITION OF INCORPORATING SITE-SPECIFIC WORKS INTO ITS PUBLIC SPACES. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT IS COMPOSED OF APPROXIMATELY 280 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS, PROFESSORSHIPS, FACULTY DEVELOPMENT, LECTURES, AND RESEARCH PROGRAMS. THE ENDOWMENT CONSISTS OF BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS FUNCTIONING AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR IMPOSED RESTRICTIONS. THE UNIVERSITY'S INDIVIDUAL ENDOWMENT FUNDS ARE POOLED FOR INVESTMENT PURPOSES. THE INVESTMENT PORTFOLIO IS MANAGED TO ACHIEVE A PRUDENT LONG TERM RETURN. THE UNIVERSITY RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE UNIVERSITY TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY BASED INVESTMENTS TO ACHIEVE ITS LONG TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE ENDOWMENT ASSETS ARE INVESTED TO PROVIDE A REAL TOTAL RETURN THAT PRESERVES THE PURCHASING POWER OF THE ENDOWMENT, WHILE GENERATING AN INCOME STREAM TO SUPPORT THE ACADEMIC ACTIVITIES OF THE UNIVERSITY. ACTUAL RETURNS MAY VARY FROM THIS GOAL IN ANY GIVEN YEAR. THE UNIVERSITY'S ENDOWMENT SPENDING POLICY IS DESIGNED TO PROVIDE A SUSTAINABLE AND PREDICTABLE FLOW OF FUNDS TO SUPPORT ANNUAL OPERATIONS. THE SPENDING POLICY IS INTENDED TO BALANCE CURRENT SPENDING NEEDS AND TO PRESERVE THE ENDOWMENT'S FUTURE PURCHASING POWER. THE UNIVERSITY APPLIES A BOARD SPECIFIED SPENDING RATE TO A MOVING AVERAGE OF ENDOWMENT INVESTMENT FUNDS. THE PURPOSE OF USING A MOVING AVERAGE IS TO SMOOTH OUT ANY WIDE FLUCTUATIONS IN THE MARKET VALUE. ENDOWMENT EARNINGS IN EXCESS OF THE SPENDING RATE ARE ADDED BACK TO THE PRINCIPAL OF THE ENDOWMENT INVESTMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAX HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE UNIVERSITY IS ALSO EXEMPT FROM NEW YORK INCOME TAXES UNDER THE RELATED STATE PROVISION. MANAGEMENT BELIEVES THAT THE UNIVERSITY WILL CONTINUE TO BE EXEMPT FROM TAXES AND THAT THE UNIVERSITY HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. DONATIONS TO THE UNIVERSITY QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST - $18,611 CHANGE IN POSTRETIREMENT BENEFITS - $264,528 SPECIAL EVENT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B- $563,782 PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES NETTED AGAINST REVENUE - $90,421,907 PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -$563,782 PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES NETTED AGAINST REVENUE - $90,421,907 FORM 990, SCHEDULE D, PART V: EXPLANATION FOR VARIANCE IN CURRENT BEGINNING BALANCE OF ENDOWMENT FUNDS: THE ORGANIZATION WAS REQUIRED TO ENTER A PRIOR YEAR ADJUSTMENT FOR PERMANENTLY RESTRICTED NET ASSETS TO REMOVE NET PLEDGES FOR ENDOWMENTS, AND ONLY REFLECT CONTRIBUTIONS. THIS PRODUCED A CHANGE IN THE OPENING BALANCE OF THE ENDOWMENTS FOR THE CURRENT YEAR, $204,782,000 AS COMPARED TO THE CLOSING BALANCE FROM THE PRIOR YEAR, $208,357,443. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 A GENERAL STATEMENT OF NON-DISCRIMINATION IS INCLUDED IN ALL ADVERTISEMENT AND OTHER PRINTED MEDIA RELATING TO THE RECRUITMENT OF STUDENTS AND EMPLOYEES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES VARIOUS FORMS OF FINANCIAL AID FROM THE GOVERNMENT SUPPORT FINANCIAL ASSISTANCE PROVIDED TO THE STUDENTS. THE TYPES OF GOVERNMENT ASSISTANCE THE UNIVERSITY RECEIVES INCLUDE THE FOLLOWING: FEDERAL PELL GRANT FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) FEDERAL ACADEMIC COMPETITIVENESS GRANT (ACG) FEDERAL NATIONAL SMART GRANT (NSMART) FEDERAL DIRECT LOAN PROGRAM FEDERAL WORK STUDY PROGRAM THE UNIVERSITY RECEIVES GOVERNMENT FUNDING TO SUPPORT ITS ORGANIZED RESEARCH PROGRAMS. THESE GOVERNMENTAL GRANTS HELP TO FURTHER THE UNIVERSITY'S MISSION BY SUPPORTING ORGANIZED RESEARCH EFFORTS IN THE AREAS OF EDUCATION, TRAINING, AND PUBLIC SERVICES. THE PUBLIC AGENCIES THAT SUPPORT THE UNIVERSITY'S RESEARCH ACTIVITIES ARE: NATIONAL SCIENCE FOUNDATION DEPARTMENT OF HEALTH AND HUMAN SERVICES UNITED STATES DEPARTMENT OF ENERGY UNITED STATES DEPARTMENT OF EDUCATION UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNITED STATES DEPARTMEN EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 15136065 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 51585506 SOUTH AMERICA - ARGENTINA, BOLIVIA 0 0 PROGRAM SERVICES RECRUITING, RESEARCH 836 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITING, RESEARCH 181869 NORTH AMERICA - CANADA AND MEXICO, BUT 0 0 PROGRAM SERVICES RECRUITING, RESEARCH 216747 SUB-SAHARAN AFRICA - ANGOLA, 0 0 PROGRAM SERVICES RECRUITING, RESEARCH 82088 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES RECRUITING, RESEARCH 1824470 SOUTH ASIA 0 0 PROGRAM SERVICEPROGRAM SERVICES RECRUITING, RESEARCH 36703 MIDDLE EAST 0 0 PROGRAM SERVICES RECRUITING, RESEARCH 14692 0 0 0 0 0 0 69064284 14692 69078976 0 0 1 1 1 0 PARSON'S FASHION SHOW 1625600 1478180 147420 408517 19170 LAGUARDIA 792055 709585 82470 104955 31140 2417655 2187765 229890 408517 104955 50310 563782 -333892 1 THE NEW SCHOOL INSTITUTIONAL SCHOLARSHIP PROGRAM 8076 83293118 FEDERAL STUDENT AID GRANTS 1826 7128789 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S.: GRANTS AND OTHER ASSISTANCE AWARDED TO INDIVIDUALS IN THE U.S. REPRESENT STUDENT FINANCIAL AID. STUDENT FINANCIAL AID AWARDS ARE DETERMINED BY THE UNIVERSITY'S ASSESSMENT OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. STUDENT FINANCIAL SERVICES CONTINUOUSLY MONITORS STUDENT ELIGIBILITY FOR THESE AWARDS. STUDENT FINANCIAL SERVICES IS RESPONSIBLE FOR REGULATORY COMPLIANCE. STUDENT FINANCIAL SERVICES ENSURES EQUITY BY APPLYING ALL NEED ANALYSIS FORMULAS CONSISTENTLY ACROSS THE INSTITUTION'S POPULATION OF STUDENT FINANCIAL AID APPLICANTS AND PROVIDES SERVICES THAT DO NOT DISCRIMINATE ON THE BASIS OF RACE, GENDER ETHNICITY, SEXUAL ORIENTATION, RELIGION, DISABILITY, AGE, OR ECONOMIC STATUS. THE UNIVERSITY RECEIVES VARIOUS FORMS OF FINANCIAL AID FROM THE GOVERNMENT TO SUPPORT FINANCIAL ASSISTANCE PROVIDED TO THE STUDENTS. THE TYPES OF GOVERNMENT ASSISTANCE THE UNIVERSITY RECEIVES INCLUDE THE FOLLOWING: FEDERAL PELL GRANT FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG) FEDERAL ACADEMIC COMPETITIVENESS GRANT (ACG) FEDERAL NATIONAL SMART GRANTS (NSMART) FEDERAL DIRECT LOAN PROGRAM FEDERAL WORK STUDY PROGRAM THE UNIVERSITY RECEIVES GOVERNMENT FUNDING TO SUPPORT ITS ORGANIZED RESEARCH PROGRAMS. THESE GOVERNMENTAL GRANTS HELP TO FURTHER THE UNIVERSITY'S MISSION BY SUPPORTING ORGANIZED RESEARCH EFFORTS IN THE AREAS OF EDUCATION, TRAINING, AND PUBLIC SERVICES. THE PUBLIC AGENCIES THAT SUPPORT THE UNIVERSITY'S RESEARCH ACTIVITIES ARE: NATIONAL SCIENCE FOUNDATION DEPARTMENT OF HEALTH AND HUMAN SERVICES UNITED STATES DEPARTMENT OF ENERGY UNITED STATES DEPARTMENT OF EDUCATION UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNITED STATES DEPARTMENT OF ENVIRONMENTAL PROTECTION UNITED STATES DEPARTMENT OF DEFENSE THE NATIONAL ENDOWMENT FOR THE ARTS THE NATIONAL ENDOWMENT FOR THE HUMANITIES X X X 1 1 X X X X X X 1 1 0 0 0 0 0 1 0 DAVID VAN ZANDT 631072 0 0 0 86443 0 163375 0 455000 0 1335890 0 0 0 ROSEMARY MATHEWSON 244822 0 25000 0 12882 0 25000 0 10846 0 318550 0 0 0 TIM MARSHALL 385373 0 0 0 116452 0 38786 0 7997 0 548608 0 408 0 FRANK BARLETTA 311703 0 45000 0 6000 0 29411 0 2599 0 394713 0 0 0 CAROL CANTRELL 263237 0 0 0 14263 0 26717 0 23772 0 327989 0 12184 0 SHELLEY REED 283365 0 0 0 25414 0 28131 0 22179 0 359089 0 21398 0 LINDA REIMER 258213 0 0 0 118 0 26611 0 24868 0 309810 0 0 0 MARY SANGER 301257 0 0 0 6118 0 26093 0 26038 0 359506 0 0 0 LIA GARTNER 244038 0 0 0 1019 0 24988 0 21559 0 291604 0 871 0 ROBERT GAY 202207 0 0 0 213094 0 25000 0 22534 0 462835 0 0 0 STEVE STABILE 217221 0 0 0 0 0 21904 0 3240 0 242365 0 0 0 ROY MOSKOWITZ 249091 0 45000 0 60973 0 26064 0 26059 0 407187 0 0 0 PETER TABACK 194945 0 0 0 30 0 20115 0 11628 0 226718 0 0 0 PAMELA BESNARD 261659 0 0 0 55943 0 26785 0 21368 0 365755 0 0 0 NANCY MARTIN 680 0 0 0 218373 0 102 0 812 0 219967 0 0 0 MICHAEL SCHOBER 255972 0 0 0 148 0 25000 0 8068 0 289188 0 0 0 JOEL TOWERS 280660 0 0 0 25119 0 28846 0 22688 0 357313 0 0 0 DAVID SCOBEY 292218 0 0 0 71970 0 29129 0 1080 0 394397 0 0 0 RICHARD KESSLER 235920 0 0 0 10118 0 25000 0 29181 0 300219 0 0 0 STEPHANIE BROWNER 289358 0 0 0 118983 0 29000 0 7219 0 444560 0 0 0 ANN STOLER 203708 0 0 0 60148 0 21140 0 22559 0 307555 0 0 0 NEIL GRABIOS 267450 0 0 0 0 0 25000 0 0 0 292450 0 0 0 WILLIAM MORRISH 191149 0 0 0 25149 0 20400 0 27627 0 264325 0 0 0 SIMON COLLINS 210993 0 0 0 148 0 21930 0 21559 0 254630 0 0 0 PAUL GOLDBERGER 204036 0 0 0 148 0 21551 0 26399 0 252134 0 0 0 J ROBERT KERREY 353771 0 0 0 120000 0 25000 0 1321 0 500092 0 0 0 JAMES MURTHA 83223 0 0 0 96784 0 16848 0 14212 0 211067 0 0 0 BENJAMIN LEE 243764 0 0 0 85148 0 2500 0 21559 0 352971 0 0 0 LISA SERVON 186362 0 0 0 0 0 19293 0 7000 0 212655 0 0 0 JOEL LESTER 233886 0 0 0 148 0 24480 0 26559 0 285073 0 0 0 STEFANIA DE KENESSEY 119519 0 0 0 3648 0 12750 0 26559 0 162476 0 0 0 PART I, LINE 1A CAMPUS HOUSING WAS PROVIDED TO DAVID VAN ZANDT AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. MR. VAN ZANDT'S COMPENSATION INCLUDES $450,000 FOR HOUSING AND PERSONAL SERVICES (SUCH AS UTILITIES AND PROPERTY UPKEEP). THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II COLUMN D. PER CONTRACTUAL AGREEMENT, THE FOLLOWING INDIVIDUALS RECEIVED A TAXABLE HOUSING ALLOWANCE AS REPORTED ON PART II, COLUMN (D): BEN LEE $ 85,000 TIMOTHY MARSHALL $116,000 WILLIAM MOORISH $ 24,039 DAVID SCOBEY $ 35,000 J. ROBERT KERREY $100,000 JOEL TOWERS $ 24,039 STEPHANIE BROWNER $ 50,000 FIRST CLASS TRAVEL IS SOMETIMES AUTHORIZED BY THE PRESIDENT WHERE CIRCUMSTANCES (I.E. DESTINATION) MAKE THIS ACCOMMODATION APPROPRIATE. TRAVEL EXPENSES FOR THE PRESIDENT ARE REVIEWED BY THE TREASURER. THE PRESIDENT REVIEWS DEANS AND OFFICERS TRAVEL EXPENSES. PART I, LINES 4A-B SEVERANCE PAYMENTS WERE MADE TO THE FOLLOWING INDIVIDUALS IN CALENDAR YEAR ENDING 12/31/12: ROBERT GAY, VP ENROLLMENT $171,693 CONTRIBUTIONS TO THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN HAD BEEN PROVIDED TO THE FOLLOWING: MARY SANGER $ 4,494 PAMELA BESNARD $ 1,785 DAVID VAN ZANDT $138,375 SHELLEY REED $ 3,131 CAROL CANTRELL $ 1,717 LINDA REIMER $ 1,611 STEPHANIE BROWNER $ 4,000 FRANK BARLETTA $ 4,411 DAVID SCOBEY $ 4,129 JOEL TOWERS $ 3,846 TIM MARSHALL $ 13,786 ROY MOSKOWITZ $ 1,064 PART I, LINE 7 NON-FIXED BONUS PAYMENTS WERE PROVIDED ON A ONE-TIME BASIS ONLY IN FISCAL YEAR ENDING 6/30/13 TO THE FOLLOWING OFFICERS FOR COMPLETION OF SELECT PROJECTS: FRANK BARLETTA SVP FINANCE $45,000 ROY MOSKOWITZ VP LEGAL $45,000 ROSEMARY MATHEWSON SVP GLOBAL $25,000 SUPPLEMENTAL INFORMATION PART III PART III - ADDITIONAL INFORMATION THE FOLLOWING CHANGES OCCURRED DURING THIS REPORTING PERIOD: DONALD RESNICK- HIRED- OCTOBER 1, 2012 ANDREW ATZERT- HIRED- AUGUST 24, 2012 BOB GAY- TERMINATION- OCTOBER 21, 2012 NANCY MARTIN- TERMINATION- JANUARY 21, 2012 ROSEMARY MATHEWSON- TERMINATION- NOVEMBER 5, 2012 A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983QFY0 2005-06-16 22710746 REFUNDS SERIES 1994A DATED: 09/13/1994 0 0 0 B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983Q6U8 2006-11-21 72763601 ACQUISITION OF 300 WEST 20TH STREET 0 0 0 C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 6499055W2 2010-12-08 295923149 UNIVERSITY CENTER CONSTRUCTION 0 0 0 D DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649906LJI 2011-10-20 37140274 CURR REFUNDING PREVIOUS ISSUES 0 0 0 A 7410000 21870000 21837102 600644 273000 2005 1 1 1 1 B 4170000 77043601 772865 1134000 70856735 2009 0 0 1 1 C 301055000 42299370 5628715 1240074 220909714 27977759 2013 0 0 0 1 D 35480000 36179900 664824 2011 1 0 1 1 A 0 0 0 0 1 0 1 B 0 1 0 1 1 1 0 1 C 0 0 0 0 1 0 1 D 0 0 0 0 1 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K SUPPLENTAL INFORMATION FOR BOND A ISSUED 6/16/2005, THE DIFFERENCE BETWEEN THE AMOUNTS OF PART I, LINE A (E) AND PART II, LINE 3 (A) IS THE NET ORIGINAL ISSUE PREMIUM. FOR BOND B ISSUED 11/21/2006, THE DIFFERENCE BETWEEN THE AMOUNTS OF PART I, LINE B (E) AND PART II, LINE 3 (B) IS THE NET ORIGINAL ISSUE PREMIUM. FOR BOND C ISSUED 12/08/2010, THE DIFFERENCE BETWEEN THE AMOUNTS OF PART I, LINE C (E) AND PART II, LINE 3 (C) IS THE NET ORIGINAL ISSUE DISCOUNT. FOR BOND D ISSUED 10/20/2011, THE DIFFERENCE BETWEEN THE AMOUNTS OF PART I, LINE D (E) AND PART II, LINE 3 (D) IS THE NET ORIGINAL ISSUE PREMIUM. FOR BOND B ISSUED 11/21/2006, PART IV, LINE 2(C), THE ARBITRAGE CALCULATION WAS PERFORMED 6/30/2011. FORM 990, SECHEDULE K, PART IV, LINE 2 (C) INFO ON TAX EXEMPT BONDS TISHMAN CONSTRUCTION - JOHN L TISHMAN ENTITY OWNED BY FAMILY MEMBER OF JOHN TISHMAN, A TRUSTEE OF THE UNIVERSITY 163198 CONSTRUCTION MANAGEMENT 0 DURST CORPORATION (TNS DEVELOPER LLC) - DOUGLAS D DURST ENTITY OWNED BY DOUGLAS D. DURST, A TRUSTEE OF THE UNIVERSITY 1167312 BUILDING REPRESENTATION/DEVELOPER 0 RELATED PARTY TRANSACTIONS MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES AND SENIOR MANAGEMENT MAY, FROM TIME TO TIME, BE ASSOCIATED, EITHER DIRECTLY OR INDIRECTLY, WITH COMPANIES DOING BUSINESS WITH THE UNIVERSITY. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF TRUSTEES OR ITS COMMITTEES CAN PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE (OR AN IMMEDIATE FAMILY MEMBER) HAS A MATERIAL FINANCIAL INTEREST. FOR MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES AN ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN, OR EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH, ENTITIES DOING BUSINESS WITH THE UNIVERSITY. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO ADDRESS THE ACTUAL OR PERCEIVED CONFLICT TO PROTECT THE BEST INTERESTS OF THE UNIVERSITY AND ENSURE COMPLIANCE WITH RELEVANT CONFLICT OF INTEREST LAWS.DURING FISCAL 2010, THE BOARD OF TRUSTEES APPROVED THE ENGAGEMENT OF TWO SERVICE FIRMS, ASSOCIATED WITH TRUSTEES, IN CONNECTION WITH THE CONSTRUCTION OF A NEW UNIVERSITY CENTER. CONSISTENT WITH THE POLICY DISCUSSED ABOVE, THE DECISION TO ENGAGE EACH OF THE FIRMS WAS BASED ON A REVIEW AND DISCUSSION WITHOUT PARTICIPATION OF THE INTERESTED TRUSTEES, WITH THE ASSISTANCE OR REAL ESTATE CONSULTANTS AND OUTSIDE COUNSEL, AND A DETERMINATION THAT SUCH ENGAGEMENT WAS IN THE BEST INTEREST AND PROVIDED SUBSTANTIAL BENEFIT TO THE UNIVERSITY. TOTAL AMOUNTS PAID TO THE TWO FIRMS DURING FISCAL YEARS 2013 AND 2012 WERE $1.3 AND 2.2 MILLION RESPECTIVELY. X 11 223082 FAIR MARKET VALUE X PIANO 2 19000 FAIR MARKET VALUE 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS OF NON-CASH CONTRIBUTIONS FOR EACH PROPERTY TYPE. ORGANIZATION'S MISSION: FORM 990, PART III, LINE 1: THE NEW SCHOOL WAS BORN OUT OF A COMMITMENT TO ACADEMIC FREEDOM, TOLERANCE, AND EXPERIMENTATION. OUR FUTURE WILL BE SHAPED BY THE QUALITIES THAT HAVE DEFINED OUR PAST: * CREATIVITY, INNOVATION, AND CHALLENGING THE STATUS QUO, BOTH IN TERMS OF WHAT AND HOW WE TEACH, AND IN THE INTELLECTUAL AMBITIONS OF THE SCHOOL ITSELF; * SOCIAL ENGAGEMENT, ORIENTING STUDENTS' ACADEMIC EXPERIENCE TO HELP THEM BECOME CRITICALLY ENGAGED CITIZENS DEVOTED TO SOLVING PROBLEMS AND CONTRIBUTING TO THE PUBLIC GOOD. NOW AS THEN, THE NEW SCHOOL MUST EMBRACE THESE PRINCIPLES AND INNOVATE TO ADDRESS SHIFTS IN THE GLOBAL ECONOMY, SOCIETY, AND ENVIRONMENT. THESE SHIFTS REQUIRE THAT INDIVIDUALS GRAPPLE WITH COMPLEX PROBLEMS, LEAD MORE FLUID AND FLEXIBLE CAREERS, AND COLLABORATIVELY CREATE CHANGE. MISSION STATEMENT WE WILL PREPARE OUR STUDENTS TO UNDERSTAND, CONTRIBUTE TO, AND SUCCEED IN A RAPIDLY CHANGING SOCIETY, AND THUS MAKE THE WORLD A BETTER AND MORE JUST PLACE. WE WILL ENSURE THAT OUR STUDENTS HAVE NOT ONLY THE ABILITIES THAT A SOUND LIBERAL ARTS EDUCATION PROVIDES, BUT ALSO THE CREATIVE COMPETENCIES ESSENTIAL FOR SUCCESS AND LEADERSHIP IN THE EMERGING CREATIVE SOCIETY AND ECONOMY. WE WILL ALSO LEAD IN GENERATING PRACTICAL AND THEORETICAL KNOWLEDGE THAT SEEKS TO UNDERSTAND OUR WORLD AND IMPROVE BOTH GLOBAL AND LOCAL SOCIETY AND THE PEOPLE WHO LIVE WITHIN. VISION WE ARE AND WILL BE A UNIVERSITY WHERE DESIGN AND SOCIAL RESEARCH DRIVE APPROACHES TO STUDYING THE ISSUES OF OUR TIME, SUCH AS DEMOCRACY, URBANIZATION, TECHNOLOGY, ECONOMIC EMPOWERMENT, SUSTAINABILITY, MIGRATION, AND GLOBALIZATION. WE WILL BE THE INTELLECTUAL AND CREATIVE CENTER FOR EFFECTIVE ENGAGEMENT IN A WORLD THAT INCREASINGLY DEMANDS BETTER-DESIGNED OBJECTS, COMMUNICATION, SYSTEMS, AND ORGANIZATIONS TO MEET SOCIAL AND HUMAN NEEDS. OUR VISION CORRESPONDS WITH SHIFTS IN THE GLOBAL ECONOMY, SOCIETY, AND ENVIRONMENT, WHICH ANIMATE OUR MISSION. EDUCATIONAL APPROACH WE WILL FULFILL OUR MISSION BY EXTENDING THE NEW SCHOOL'S LEGACY AS A NON-TRADITIONAL ACADEMIC COMMUNITY, NIMBLE AND RESPONSIVE TO CHANGE, THAT WILL: * FOCUS ON AND ENGAGE CONTEMPORARY CRITICAL ISSUES. * PRIORITIZE THE IMPORTANCE OF HUMANITY AND CULTURE IN DESIGNING BETTER SYSTEMS AND ENVIRONMENTS TO IMPROVE THE HUMAN CONDITION, AN APPROACH THAT DRAWS FROM DESIGN THINKING AND THE LIBERAL, CREATIVE, AND PERFORMING ARTS. * PLACE PROJECT-BASED LEARNING AT THE CENTER OF THE LEARNING EXPERIENCE. * TAKE FULL ADVANTAGE OF OUR NEW YORK CITY LOCUS AND CONNECTIVITY TO GLOBAL URBAN CENTERS. FORM 990, PART VI, SECTION B, LINE 11 990 REVIEW PROCESS: THE AUDIT AND RISK COMMITTEE OF THE BOARD OF TRUSTEES HAS BEEN DELEGATED RESPONSIBILITY FOR REVIEWING THE ANNUAL FORMS 990 AND 990-T. FOLLOWING THE AUDIT AND RISK COMMITTEE REVIEW, THE 990 IS DISTRIBUTED ELECTRONICALLY TO THE FULL BOARD OF TRUSTEES PRIOR TO ITS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST PROCESS: THE NEW SCHOOL'S POLICY ON CONFLICTS OF INTEREST APPLIES TO ALL BOARD OF TRUSTEE MEMBERS, THE SENIOR MANAGEMENT AS WELL AS CERTAIN DESIGNATED STAFF AND FACULTY. THE POLICY RECOGNIZES THAT MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES AND SENIOR MANAGEMENT MAY, FROM TIME TO TIME, BE ASSOCIATED, EITHER DIRECTLY OR INDIRECTLY, WITH COMPANIES DOING BUSINESS WITH THE UNIVERSITY. THE POLICY PROHIBITS MEMBERS OF THE BOARD OF TRUSTEES OR ITS COMMITTEES AND SENIOR MANAGERS OF THE UNIVERSITY FROM PARTICIPATING IN ANY DECISIONS IN WHICH HE OR SHE (OR AN IMMEDIATE FAMILY MEMBER) HAS A MATERIAL FINANCIAL INTEREST. FOR MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES AN ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTEREST IN, OR EMPLOYMENT OF CONSULTING RELATIONSHIPS WITH, ENTITIES DOING BUSINESS WITH THE UNIVERSITY. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO ADDRESS THE ACTUAL OR PERCEIVED CONFLICT TO PROTECT THE BEST INTEREST OF THE UNIVERSITY AND ENSURE COMPLIANCE WITH RELEVANT CONFLICT OF INTEREST LAWS. THE POLICY ALSO REQUIRES DESIGNATED ADMINISTRATIVE AND ACADEMIC STAFF AND FACULTY TO REVIEW THE POLICY EVERY YEAR AND PROVIDE TO THE OFFICE OF HUMAN RESOURCES A WRITTEN CERTIFICATION THAT HE/SHE IS IN COMPLIANCE WITH THE POLICY AND WHICH DISCLOSES ANY RELATIONSHIPS THAT MAY REPRESENT A CONFLICT OF INTEREST AS DEFINED BY THE LETTER OR SPIRIT OF THE UNIVERSITY POLICY ON CONFLICTS OF INTEREST. IN ADDITION, THE ANNUAL CERTIFICATION REQUIRES DISCLOSURE OF ANY ACTIVITIES, INCLUDING OUTSIDE EMPLOYMENT AND PROFESSIONAL RELATIONSHIPS AND/OR TRANSACTIONS WHICH MIGHT APPEAR OR ACTUALLY INVOLVE A CONFLICT OF INTEREST WITH ONE'S FIDUCIARY, EMPLOYMENT OR OTHER RELATIONSHIP TO THE UNIVERSITY. THE POLICY ALSO REQUIRES DESIGNATED ADMINISTRATIVE AND ACADEMIC STAFF AND FACULTY TO REVIEW THE POLICY EVERY YEAR AND PROVIDE TO THE OFFICE OF HUMAN RESOURCES A WRITTEN CERTIFICATION THAT HE/SHE IS IN COMPLIANCE WITH THE POLICY AND WHICH DISCLOSES ANY RELATIONSHIPS THAT MAY REPRESENT A CONFLICT OF INTEREST AS DEFINED BY THE LETTER OR SPIRIT OF THE UNIVERSITY POLICY ON CONFLICTS OF INTEREST. IN ADDITION, THE ANNUAL CERTIFICATION REQUIRES DISCLOSURE OF ANY ACTIVITIES, INCLUDING OUTSIDE EMPLOYMENT AND PROFESSIONAL RELATIONSHIPS AND/OR TRANSACTIONS WHICH MIGHT APPEAR OR ACTUALLY INVOLVE A CONFLICT OF INTEREST WITH ONE'S FIDUCIARY, EMPLOYMENT OR OTHER RELATIONSHIP TO THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW PROCESS THE COMPENSATION COMMITTEE, WHICH IS A SUB-COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, REVIEWS THE COMPENSATION OF THE PRESIDENT, PROVOST, VICE PRESIDENTS, OTHER SENIOR MANAGEMENT AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE REVIEWS COMPENSATION FOR ALL EMPLOYEES EARNING $125,000 OR GREATER ON AN ANNUAL BASIS. A MEMORANDUM FROM THE PRESIDENT OUTLINING HIS RECOMMENDATIONS FOR MERIT, RETENTION OR PROMOTION INCREASES IS PROVIDED TO THE COMMITTEE WITH COMPARABILITY STATISTICS AS APPROPRIATE. THE COMPENSATION COMMITTEE APPROVES OR ADJUSTS THE PRESIDENT'S RECOMMENDATIONS. IN EXECUTIVE SESSION, THE COMPENSATION COMMITTEE DETERMINES THE PRESIDENT'S SALARY USING AVAILABLE MARKET INFORMATION. DURING THE YEAR, THE COMMITTEE IS ADVISED AND APPROVES HIRING ARRANGEMENTS ASSOCIATED WITH RECRUITING INDIVIDUALS EARNING OVER $125,000; THE COMMITTEE ALSO APPROVES PROMOTIONS OF HIGHLY COMPENSATED INDIVIDUALS EARNING OVER $125,000. A COMPENSATION CONSULTANT REGULARLY REVIEWS THE TOTAL COMPENSATION FOR TOP EXECUTIVES INCLUDING; THE PRESIDENT, PROVOST, VICE PRESIDENTS AND DEANS AND DIRECTORS. A REVIEW OF THE HIGHEST PAID PROFESSORS IS INCLUDED IN THIS ANALYSIS. PERIODICALLY, THE UNIVERSITY'S EXECUTIVE COMPENSATION PROCESS IS REVIEWED BY THE AUDIT AND RISK COMMITTEE OF THE BOARD OF TRUSTEES. THE MOST RECENT COMPENSATION REVIEW BY AN EXTERNAL FIRM WAS COMPLETED IN 2011. THE NEXT EXTERNAL REVIEW IS PLANNED FOR 2014. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC INSPECTION: THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, THE FEDERAL FORM 990, WHICH INCLUDES FINANCIAL AND OTHER DISCLOSURES, IS AVAILABLE ON GUIDESTAR. COMPENSATION EXPLANATION FORM 990, PART VII, SECTION A THE FOLLOWING INDIVIDUALS ARE REPORTED INPART VII, SECTION A AS FORMER OFFICERS, KEY EMPLOYEES OR HIGHLY COMPENSATED EMPLOYEES: J. ROBERT KERREY- FORMER PRESIDENT, SUBSEQUENTLY PRESIDENT EMERITUS AS OF JANUARY 2011. JAMES MURTHA- JAMES MURTHA'S POSITION AS EVP ENDED IN MAY 2011 AFTER WHICH HE WAS THE SPECIAL ADVISOR TO THE PRESIDENT THROUGH HIS TERMINATION DATE, AUGUST 2011. BENJAMIN LEE- FORMER VICE PRESIDENT, SUBSEQUENTLY PROFESSOR AS OF APRIL 2011. JOEL LESTER- POSITION AS DEAN ENDED JUNE 30, 2011, CURRENTLY PROFESSOR. STEFANIA DE KENESSEY- POSITION AS DEAN ENDED AUGUST 2011, CURRENTLY PROFESSOR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST 18,611. CHANGE IN POSTRETIREMENT BENEFITS 264,528. REVIEW OF FINANCIAL STATMENTS AND SELECTION OF INDEPENDENT AUDITOR FORM 990, PART XII, LINE 2 THE ORGANIZATION'S PROCESS FOR OVERSIGHT OF THE AUDIT, INCLUDING COMPILIATION OF ITS FINANCIAL STATEMENTS, AND THE SELECTION OF AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PROCESS FOLLOWED IN THE PRIOR YEAR. FREUNDE UND FORDERER VON THE NEW SCHOOL C/O HH LLP 1 POTSDAMER PLATZ 1 BERLIN GERMANY GM FACILITATE CONTRIBUTIONS GM THE NEW SCHOOL 1 TNS PARSONS 23 RUE DU ROULE PARIS FRANCE FR 75001 EDUCATION AND RESEARCH FR THE NEW SCHOOL 1 ANATOL SHULKIN MEMORIAL SCHOLARSHIP C/O THE NEW SCHOOL 79 FIFTH AVENUE NEW YORK NY 10003 133010477 AWARDS SCHOLARSHIPS FOR ART & DESIGN NY 501(C)(3) PF THE NEW SCHOOL 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0