FURMAN UNIVERSITY: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: FURMAN UNIVERSITY (EIN 57-0314395)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-05-09
IRS object ID: 201301299349301855
Schema version: 2011v1.5
Source: Download XML · Original 990 at ProPublica

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

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

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-09T12:58:19-05:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CHERRY BEKAERT LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	201 West McBee Avenue Suite 200	AddressLine1
City	Greenville	City
State	SC	State
ZIP Code	29601	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	570314395	EIN

Name Name

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

Field	Value	IRS element (for citing)
In Care Of Name	% LINDA SARRATT	InCareOfName
Name Control	FURM	NameControl
Phone	8642942141	Phone

US Address USAddress

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

Officer Officer

Field	Value	IRS element (for citing)
Name	Mary Lou Merkt	Name
Title	VP of Finance and Administration	Title
Date Signed	2013-05-09	DateSigned

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	MARY LOU MERKT	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

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

Field	Value	IRS element (for citing)
Gross Receipts	206364562	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	www.furman.edu	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1826	YearFormation
State Legal Domicile	SC	StateLegalDomicile
Activity Or Mission Description	Furman University, a selective, independent liberal arts college of approximately 2,600 undergraduate students, provides a distinctive education which emphasizes an engaged approach to liberal learning.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	36	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	36	NbrIndependentVotingMembers
Total Nbr Employees	2723	TotalNbrEmployees
Total Nbr Volunteers	1062	TotalNbrVolunteers
Total Gross UBI	2306527	TotalGrossUBI
Net Unrelated Business Txbl Income	-14190	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	17281759	ContributionsGrantsPriorYear
Contributions Grants Current Year	30063845	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	134586746	ProgramServiceRevenuePriorYear
Program Service Revenue CY	145304966	ProgramServiceRevenueCY
Investment Income Prior Year	43542383	InvestmentIncomePriorYear
Investment Income Current Year	20503854	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1109097	OtherRevenuePriorYear
Other Revenue Current Year	-750142	OtherRevenueCurrentYear
Total Revenue Prior Year	196519985	TotalRevenuePriorYear
Total Revenue Current Year	195122523	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	45482164	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	48127592	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	71790897	SalariesEtcPriorYear
Salaries Etc Current Year	74084977	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	4047290	TotalFundrsngExpCurrentYear
Other Expense Prior Year	54518455	OtherExpensePriorYear
Other Expenses Current Year	58646246	OtherExpensesCurrentYear
Total Expenses Prior Year	171791516	TotalExpensesPriorYear
Total Expenses Current Year	180858815	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	24728469	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	14263708	RevenuesLessExpensesCY
Total Assets BOY	905096947	TotalAssetsBOY
Total Assets EOY	899154155	TotalAssetsEOY
Total Liabilities BOY	138821804	TotalLiabilitiesBOY
Total Liabilities EOY	138808876	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	766275143	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	760345279	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	FURMAN UNIVERSITY IS A SELECTIVE, INDEPENDENT, CO-EDUCATIONAL LIBERAL ARTS COLLEGE OF APPROXIMATELY 2,800 FULL AND PART-TIME UNDERGRADUATE AND GRADUATE STUDENTS. THE PRIMARY MISSION OF FURMAN AS A LIBERAL ARTS INSTITUTION IS TO PROVIDE A DISTINCTIVE UNDERGRADUATE EDUCATION ENCOMPASSING THE HUMANITIES, FINE ARTS, SOCIAL SCIENCES, MATHEMATICS AND NATURAL SCIENCES, AND SELECTED PROFESSIONAL DISCIPLINES. FURMAN EMPHASIZES ENGAGED LEARNING, A PROBLEM-SOLVING, PROJECT ORIENTED AND RESEARCH BASED EDUCATIONAL PHILOSOPHY. THE UNIVERSITY IS COMMITTED TO LIBERAL LEARNING WITHIN A MORAL AND ETHICAL CONTEXT. FURMAN SEEKS HIGHLY MOTIVATED STUDENTS WITH INQUISTIVE MINDS, VARIED PERSPECTIVES, A SENSE OF PERSONAL INTEGRITY AND MORAL RESPONSIBILITY WITH THE POTENTIAL TO BE LEADERS AND TO MAKE FUTURE CONTRIBUTIONS TO SOCIETY. IN ADDITION TO ITS PRIMARY EMPHASIS ON UNDERGRADUATE EDUCATION, FURMAN OFFERS GRADUATE PROGRAMS IN EDUCATION AND CHEMISTRY AND PROVIDES A CONTINUING EDUCATION PROGRAM FOR THE LARGER	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	119003484	Expense
Grants	47767507	Grants
Revenue	111383823	Revenue
Description	Furman University's primary exempt purpose achievement is to provide higher education to students under a college degree program. The university provided a liberal arts education to 2,697 full-time and part-time undergraduate students and 108 full-time and part-time graduate students during the fiscal year ended 6/30/12. Courses are offered leading to the award of the Bachelor of Arts, Bachelor of Science, Bachelor of Music, Bachelor of Liberal Arts, Master in Arts, and Master in Science. The university conferred 623 Bachelor Degrees and 57 Master Degrees in the 2011-2012 academic year. The university's financial aid program, which awarded in excess of $46 million for the year ended 6/30/12, includes a broad range of academic and special talent scholarships as well as a comprehensive need-based program of grants, loans and work study opportunities.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	22085726	Expense
Grants	0	Grants
Revenue	3583239	Revenue
Description	A Furman education includes social, physical, cultural, and spiritual growth as well as intellectual development. As a result, the programs and activities related to student services and student life are an integral part of the higher education experience. Furman's intercollegiate athletic program consists of nine men's and nine women's sports. Additionally, recreational sports consist of both an intramural and sports club program. Students becoming involved in campus life may become involved in student government, volunteer service corps, leadership development programs, student newspaper, student radio and television station, and departmental club and honor societies. Student service programs include career services, student health services, multicultural affairs, counseling center, and chaplain services.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	17931187	Expense
Grants	0	Grants
Revenue	27334982	Revenue
Description	The university conducted auxiliary enterprises for the convenience of students, faculty, staff, and the at-large community. These auxiliary enterprises consist of student housing, golf course, arena, and conference center.	Description

Activity Other ActivityOther (2 entries)

ExpenseExpense	GrantsGrants	DescriptionDescription
2071805	360085	Research Activities
310325		Community Service Activities

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	2382130	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	360085	TotalOfOtherProgramServiceGrnt
Total Program Service Expense	161402527	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	true	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	true	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	true	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	true	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	true	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	true	GrantToRelatedPerson
Bsnss Rltnshp With Organization	true	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	true	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	3950	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	2723	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	true	ForeignFinancialAccount
Name Of Foreign Country	UK	NameOfForeignCountry
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	true	QuidProQuoContributions
Quid Pro Quo Disclosure	true	QuidProQuoDisclosure
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form1098 C Filed	true	Form1098CFiled
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	36	NbrVotingGoverningBodyMembers
Number Independent Voting Members	36	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	SC	StatesWhereCopyOfReturnIsFiled
Own Website	X	OwnWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	LINDA SARRATT	NamePerson
Telephone Number	8642942141	TelephoneNumber

Address US AddressUS

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

Form990 Part VII Section A Form990PartVIISectionA (51 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee	FormerFormer
Robert H Buckman
Trustee	2.0	X
Jolley Bruce Christman
Trustee	2.0	X
C Jordan Clark
Trustee	2.0	X
Merl F Code
Trustee	2.0	X
Richard Cullen
Trustee	2.0	X
W Randy Eaddy
Trustee	2.0	X
David G Ellison
Trustee	2.0	X
Angela Walker Franklin
Trustee	2.0	X
Douglas K Freeman
Trustee	2.0	X
P Edwin Good
Trustee	2.0	X
Sean P Hartness
Trustee	2.0	X
David L Hauser
Trustee	2.0	X
Francie M Heller
Trustee	2.0	X
Gordon R Herring
Trustee	2.0	X
Robert E Hill
Trustee	2.0	X
Stanford J Jennings
Trustee	2.0	X
Juan D Johnson
Trustee	2.0	X
Carl F Kohrt
Trustee	2.0	X
James C Mabry IV
Truestee	2.0	X
E Edwin Maddrey II
Trustee	2.0	X
Ronald A Malone
Trustee	2.0	X
Kathleen C McKinney
Trustee	2.0	X
James M Ney
Trustee	2.0	X
Celeste H Patrick
Trustee	2.0	X
Linton B Puckett
Trustee	2.0	X
Richard W Riley
Trustee	2.0	X
Paul L Robertson
Trustee	2.0	X
R Todd Ruppert
Trustee	2.0	X
Daniel S Sanders
Trustee	2.0	X
L Stewart Spinks
Trustee	2.0	X
Peace Sterling Sullivan
Trustee	2.0	X
Lizanne Thomas
Trustee	2.0	X
William R Timmons III
Trustee	2.0	X
David Trone
Trustee	2.0	X
Baxter M Wynn
Trustee	2.0	X
John C Yates
Trustte	2.0	X
Rodney Smolla
President	40.0		X	427392	0	82057
Mary Lou Merkt
VP for Finance & Administratio	40.0		X	208045	0	44813
John Beckford
VP of Academic Affairs & Dean	40.0		X	167442	0	37945
Gary E Clark
VP of Intercollegiate Athletic	40.0		X	159399	0	34206
Michael Gatchell
Vice President of Development	40.0		X	153592	0	38164
Connie L Carson
Vice President of Student Life	40.0		X	149361	0	25695
Mark Kelly
VP of Marketing & PR	40.0		X	154085	0	34358
Bruce Fowler
Head Football Coach	40.0			247082	0	44216	X
Kristopher N Kapoor
Chief Investment Officer	40.0			182393	0	29379	X
Kenneth C Abernathy
Professor	40.0			191752	0	31655		X
Lon B Knight
Professor	40.0			189714	0	37002		X
Charles L Brewer
Professor	40.0			160731	0	32253		X
William J Pierce
Professor	40.0			157613	0	25867		X
Hayden S Porter
Professor	40.0			150620	0	34459		X
David E Shi
President Emeritus	0.0			332146	0	39465			X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	3031367	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	571534	TotalOtherCompensation
Number Individuals GT100 K	69	NumberIndividualsGT100K
Formers Listed	true	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
Aramark
Post Office Box 828441	PHILADELPHIA	PA	19182	Dining & Catering	10494197
Triangle Construction Compnay
Post Office Box 6266 Station B	GREENVILLE	SC	29606	Construction	6618062
SYS Constructors Inc
20 Bozzini Court	GREENVILLE	SC	29615	Construction	1346216
Jennings-Dill Inc
33 Grand Avenue	GREENVILLE	SC	29607	Mechancial Contracto	1055937
Diversified Resources Inc
1241 Prince Perry Road	EASLEY	SC	29640	Contractor	974186

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	37	NumberOfContractorsGT100K
Fundraising Events	42115	FundraisingEvents
Government Grants	3842077	GovernmentGrants
All Other Contributions	26179653	AllOtherContributions
Noncash Contributions	1202011	NoncashContributions
Total Contributions	30063845	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue	ExclusionExclusionAmount
TUITION AND FEES	900099	111383823	111383823
AUXILIARY SALES	713990	27334982		1271157	$26,063,825
INTERCOLLEGIATE ATHLETICS	900099	3583239	3583239
OTHER INCOME	621300	2782922		652670	$2,130,252
COMMISSION INCOME	561499	220000		220000

Field	Value	IRS element (for citing)
Total Program Service Revenue	145304966	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	9300083	TotalRevenueColumn
Unrelated Business Revenue	-83925	UnrelatedBusinessRevenue
Exclusion	$9,384,008	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	3	TotalRevenueColumn
Exclusion	$3	ExclusionAmount

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	23228	TotalRevenueColumn
Unrelated Business Revenue	23228	UnrelatedBusinessRevenue

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	1255061	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	1073671	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	181390	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	181390	TotalRevenueColumn
Unrelated Business Revenue	181390	UnrelatedBusinessRevenue

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	21141031	Securities
Other	40885	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	9587465	Securities
Other	390683	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	11553566	Securities
Other	-349798	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	11203768	TotalRevenueColumn
Exclusion	$11,203,768	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	188562	GrossIncomeFundraisingEvents
Fundraising Direct Expenses	118816	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	69746	TotalRevenueColumn
Exclusion	$69,746	ExclusionAmount

Net Income From Gaming NetIncomeFromGaming

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

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	114179	GrossSalesOfInventory
Cost Of Goods Sold	71404	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	42775	TotalRevenueColumn
Unrelated Business Revenue	42007	UnrelatedBusinessRevenue
Exclusion	$768	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	LOSS ON INTEREST RATE SWAP	Description
Total Revenue Column	-1067281	TotalRevenueColumn
Exclusion	-$1,067,281	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	-1067281	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	195122523	TotalRevenueColumn
Related Or Exempt Function Income	114967062	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	2306527	UnrelatedBusinessRevenue
Exclusion	$47,785,089	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	117500	Total
Program Services	117500	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	46631222	Total
Program Services	46631222	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	1378870	Total
Program Services	1378870	ProgramServices

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	2347396	Total
Program Services	1054722	ProgramServices
Management And General	1096149	ManagementAndGeneral
Fundraising	196525	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	51891130	Total
Program Services	46387502	ProgramServices
Management And General	3423808	ManagementAndGeneral
Fundraising	2079820	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	5023747	Total
Program Services	4358415	ProgramServices
Management And General	446725	ManagementAndGeneral
Fundraising	218607	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	11094094	Total
Program Services	9423880	ProgramServices
Management And General	1114434	ManagementAndGeneral
Fundraising	555780	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	3728610	Total
Program Services	3281662	ProgramServices
Management And General	289783	ManagementAndGeneral
Fundraising	157165	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	3868946	Total
Program Services	3151234	ProgramServices
Management And General	681453	ManagementAndGeneral
Fundraising	36259	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	148852	Total
Program Services	9675	ProgramServices
Management And General	139177	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	97483	Total
Management And General	97483	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	2338877	Total
Management And General	2338877	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	230748	Total
Program Services	210880	ProgramServices
Management And General	19518	ManagementAndGeneral
Fundraising	350	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	3235946	Total
Program Services	2925693	ProgramServices
Management And General	249708	ManagementAndGeneral
Fundraising	60545	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	2321181	Total
Program Services	2166999	ProgramServices
Management And General	129944	ManagementAndGeneral
Fundraising	24238	Fundraising

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	3331411	Total
Program Services	3331411	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	7390591	Total
Program Services	7112138	ProgramServices
Management And General	145609	ManagementAndGeneral
Fundraising	132844	Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	1947527	Total
Program Services	1663369	ProgramServices
Management And General	152681	ManagementAndGeneral
Fundraising	131477	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	3713692	Total
Program Services	2636623	ProgramServices
Management And General	1077069	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	11776279	Total
Program Services	10266246	ProgramServices
Management And General	1510033	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	673952	Total
Program Services	672195	ProgramServices
Management And General	1757	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
STUDENT MEAL PLAN COSTS	6432752	6432752
POSTAGE	544312	391662	103587	49063
EQUIPMENT RENTAL & MAINTENANCE	1779666	1604529	161649	13488
MEMBERSHIPS	279605	174757	97676	7172

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	8534426	Total
Program Services	6018591	ProgramServices
Management And General	2131878	ManagementAndGeneral
Fundraising	383957	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	180858815	Total
Program Services	161402527	ProgramServices
Management And General	15408998	ManagementAndGeneral
Fundraising	4047290	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1648339	BOY
EOY	2299806	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	12323331	BOY
EOY	17960222	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	10952173	BOY
EOY	20279463	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	812700	BOY
EOY	943609	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	52288	BOY
EOY	26796	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	5273800	BOY
EOY	4940768	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	271104	BOY
EOY	274132	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1070658	BOY
EOY	1586065	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	380850610	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	127572338	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	253190765	BOY
EOY	253278272	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	68770653	BOY
EOY	66815671	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	546760241	BOY
EOY	525400638	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	3970895	BOY
EOY	5348713	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	905096947	BOY
EOY	899154155	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	6441482	BOY
EOY	8267344	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	7987920	BOY
EOY	7774964	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	102430000	BOY
EOY	100570000	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Loans From Officers Directors LoansFromOfficersDirectors

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	6400000	BOY
EOY	6794450	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	15562402	BOY
EOY	15402118	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	138821804	BOY
EOY	138808876	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	278318212	BOY
EOY	278903705	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	344960140	BOY
EOY	335719308	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	142996791	BOY
EOY	145722266	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	766275143	BOY
EOY	760345279	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	905096947	BOY
EOY	899154155	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	14263708	ReconcilationRevenueExpenses
Reconcilation Other Changes	-20193572	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

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

Contributor Address US ContributorAddressUS

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

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Number Funds Held	7	NumberFundsHeld
Contrib To Funds And Other Accounts	50039	ContribToFundsAndOtherAccounts
Grants Funds And Other Accounts	101150	GrantsFundsAndOtherAccounts
Aggregate Fund Value	2022982	AggregateFundValue

Art Public Exhibition Amts ArtPublicExhibitionAmts

Field	Value	IRS element (for citing)
Revenues Included	53107	RevenuesIncluded
Assets In Part X	3766999	AssetsInPartX

Field	Value	IRS element (for citing)
Held Works Of Art Amts		HeldWorksOfArtAmts
Collect Used For Public Exhibition	X	CollectUsedForPublicExhibition
Collect Used For Preservation	X	CollectUsedForPreservation
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	572162347	BeginningOfYearBalance
Contributions	4215541	Contributions
Investment Earnings Or Losses	670762	InvestmentEarningsOrLosses
Grants Or Scholarships	8044600	GrantsOrScholarships
Other Expenditures	16187429	OtherExpenditures
Administrative Expenses	2551117	AdministrativeExpenses
End Of Year Balance	550265504	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	498281706	BeginningOfYearBalance
Contributions	3993205	Contributions
Investment Earnings Or Losses	94266399	InvestmentEarningsOrLosses
Grants Or Scholarships	7593368	GrantsOrScholarships
Other Expenditures	14846575	OtherExpenditures
Administrative Expenses	1939020	AdministrativeExpenses
End Of Year Balance	572162347	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	444222694	BeginningOfYearBalance
Contributions	12775369	Contributions
Investment Earnings Or Losses	63490049	InvestmentEarningsOrLosses
Grants Or Scholarships	7095624	GrantsOrScholarships
Other Expenditures	13295032	OtherExpenditures
Administrative Expenses	1815750	AdministrativeExpenses
End Of Year Balance	498281706	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	560043828	BeginningOfYearBalance
Contributions	6763295	Contributions
Investment Earnings Or Losses	-101686200	InvestmentEarningsOrLosses
Grants Or Scholarships	6600326	GrantsOrScholarships
Other Expenditures	12864664	OtherExpenditures
Administrative Expenses	1433240	AdministrativeExpenses
End Of Year Balance	444222693	EndOfYearBalance

Field	Value	IRS element (for citing)
Board Designated EOY Balance	0.17130	BoardDesignatedEOYBalance
Permanent Endowment EOY Balance	0.25420	PermanentEndowmentEOYBalance
Term Endowment EOY Balance	0.57450	TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs	true	EndowmentsHeldByUnrelatedOrgs

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	23098286	OtherCostOrOtherBasis
Book Value	23098286	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	270361064	OtherCostOrOtherBasis
Depreciation	91483816	Depreciation
Book Value	178877248	BookValue

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovements

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	75753215	OtherCostOrOtherBasis
Depreciation	36088522	Depreciation
Book Value	39664693	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	11638045	OtherCostOrOtherBasis
Book Value	11638045	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	253278272	TotalOfBookValueLandBuildings
Financial Derivatives		FinancialDerivatives

Closely Held Equity Interests CloselyHeldEquityInterests

Field	Value	IRS element (for citing)
Book Value	50039	BookValue
Method Of Valuation	F	MethodOfValuation

Other Securities OtherSecurities (62 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
COMMONFUND INTERMEDIATE	1037164	F
TIFF ABSOLUTE RETURN FUND	6697813	F
S&P 500 COMMON TRUST FUND	442293	F
S&P MID CAP NON LENDING CTF	0	F
SMALL CAP INDEX PLUS CTF	83461	F
DAILY ACTIVE EMERGING MARKETS	168733	F
INTERNATIONAL ALPH SELECT CTF	202092	F
REIT INDEX CTF	46328	F
HIGH YIELD CTF	83733	F
PASSIVE BOND MARKET SI CTF	194755	F
PASSIVE BOND MARKET INDEX CTF	0	F
TREASURY INFLATION PROTECTED	49901	F
CF ENDOWMENT VENTURE PTNRS IV	1229265	F
MERIT ENERGY PARTNERS	17091109	F
CF ENDOWMENT VENTURE PTNRS V	2042472	F
CF ENDOWMENT VENTURE PTNRS III	357640	F
CITY OF LONDON EMERGING MKTS	33137870	F
CF PRIVATE EQUITY PARTNERS IV	1352222	F
STATE STREET INTERNAL CASH	7179577	F
SSGA US TREASURY 3-10	16368128	F
TIFF ABSOLUTE RETURN	23314789	F
ADAGE CAPITAL PARTNERS	38186477	F
CF PRIVATE EQUITY PTNRS VI	1737563	F
CF ENDOWMENT VENTURE PTNRS VII	1949959	F
CF INTERNATIONAL PTNRS V	1838506	F
MFS INVESTMENT MANAGEMENT	31900569	F
CF INTERNATIONAL PTNRS VI	2547308	F
CF PRIVATE EQUITY PTNRS VII	3298730	F
CF CAPITAL VENT PTNRS VIII	3412840	F
NB DISTRESSED OPPORT FUND	7148848	F
HIGHLINE CAPITAL	4289763	F
DAVIDSON KEMPNER INST PTNRS	7466329	F
ALYDAR FUND LIMITED	4228507	F
HIGHFIELDS CAPITAL IV LP	8029543	F
SILCHESTER INTNATIONAL EQUITY	27847973	F
MONDRIAN INT SMALL CAP EQ FUND	9576149	F
HOPLITE OFFSHORE FUND, LTD	4899457	F
GENERATION GLOBAL EQUITY FUND	8273037	F
HOLLINGSWORTH FUNDS	148131239	F
REAL ESTATE	2039678	C
FUNDS HELD IN TRUST BY OTHERS	4490809	F
RUSSELL 2000 NON-LEND CTF	0	F
REAL ESTATE	379120	F
OCH ZIFF OVERSEAS FUND II, LTD	8544833	F
ORION EUROPEAN RE FUND III	2036241	F
THE TAP FUND USD T-BILL, LTD	9133070	F
CONVEXITY CAPITAL OFFSHORE	9819073	F
COLCHESTER GLOBAL BOND FUND	23511481	F
CANYON VALUE REALIZATION FUND	6631554	F
METROPOLITAN DISTRESSED STRAT	1616942	F
COATUE QUALIFIED PARTNERS, LP	5031521	F
MERIT ENERGY PARTNERS H	617319	F
ACTIVE INTL SMALL CAP SI CTF	67245	F
SPDR S&P INTL SMALL CAP ETF	78540	F
INVESTMENTS TRANSISTION	4000000	F
RENAISSANCE INSTI EQ FUND	20459675	F
DAILY ACTIVE EMERGING MKT CTF	0	F
DENHAM COMMODITY PARTNERS FUND	151021	F
GREENSPRING GLOBAL PARTNER V-B	650975	F
DOW JONES AIG COMMODITY INDEX	84779	F
INTERMEDIATE CREDIT INDEX	82735	F
S&P MID CAP LENDING CTF	81846	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	525400638	TotalOfBookValueSecurities
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (11 entries)

DescriptionDescription	AmountAmount
SPLIT INTEREST AGREEMENTS	$2,534,663
STUDENT LOAN ADVANCES	$4,788,870
INTEREST PAYABLE	$756,427
AGENCY FUNDS	$100,427
ACCRUED RETIREMENT EXPENSE	$41,932
ACCRUED MEDICAL CLAIMS	$1,300,000
INTEREST RATE SWAP AGREEMENT	$2,847,211
ASSET RETIREMENT OBLIGATION	$993,330
BOND PREMIUM	$1,557,701
CAPITAL LEASE AGREEMENTS	$461,518
MISCELLANEOUS PAYABLES	$20,039

Field	Value	IRS element (for citing)
Total Of Amounts	15402118	TotalOfAmounts
Total Revenue	195122523	TotalRevenue
Total Expenses	180858815	TotalExpenses
Excess Or Deficit For Year	14263708	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-20193572	NetUnrealizedGLOnInvestments
Total Adjustments	-20193572	TotalAdjustments
Excess Or Deficit Per FS	-5929864	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	173438265	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-20193572	NetUnrealizedGainsInvestments
Revenue Not Rptd F990	-20193572	RevenueNotRptdF990
Revenue Subtotal	193631837	RevenueSubtotal
Investment Expenses Not Included	2754577	InvestmentExpensesNotIncluded
Other Revenues Not Included	-1263891	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	1490686	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	195122523	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	179368129	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	1263891	OtherExpensesIncluded
Expenses Not Rptd F990	1263891	ExpensesNotRptdF990
Expenses Subtotal	178104238	ExpensesSubtotal
Investment Expenses Not Included2	2754577	InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt	2754577	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	180858815	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
FIN 48 Footnote	Schedule D-Part X	The University's policy is to record a liability for any tax position taken that is benefical to the University, including any related interest and penalities, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2012 and 2011 and, accordingly, no liability has been accrued.
Uses of Endowment Funds	Schedule D-Part V, line 4	The University's endowment consists of almost 900 separate funds established over many years for scholarships, professorships, lectureships, academic programs and awards, building maintenance, and general institutional support. The overall financial objectives of the endowment are to support the current and future operations of Furman University and to preserve and enhance the purchasing power of the University's endowment. The Board of Trustees designates only a portion of the University's cumulative investment return for support of current operations; the remainder is retained to support operations of future years and to offset potential market declines. The amount computed under the endowment spending policy of the investment pool is used to support current operations. The University expects the current spending policy to allow its endowment to maintain its purchasing power by growing at a rate equal to or greater than planned payouts.
Revenue Reconciliation	Schedule D-Part XII, line 4b	Other amounts included on Form 990, Part VIII, line 12, but not on line 1 above include rental expenses of $1,073,671, cost of goods sold of $71,404 and direct costs of fundraising of $118,816.
Expense Reconciliation	Part XIII, Line 2d	Other amounts included in total expenses per financial statements, but not on Form 990, Part IX, line 25 include rental expenses of $1,073,671 cost of goods sold of $71,404 and direct costs of fundraising of $118,816.
Collections of Art and Historical Treasures	Schedule D, Part III, Line 4	The University has a collection of decorative and fine art materials that is both extensive and diverse. Comprised of over 2,600 objects, many pieces are displayed throughout campus, while others are preserved. The objects have been generously donated to Furman and the objects connect the University to the wider world and are gateways to studying many different time periods, cultures, and disciplines. The collection's main purposes are to preserve the objects for future generations, educational opportunities, and exhibits.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Racially Nondiscriminatory Policy	Schedule E Part I Line 3	The University's nondiscrimination policy statement is accessible on all pages of the University's website for prospective students, employment applicants, and the general public. Additionally, the nondiscrimination policy statement is included in all brochures, catalogs, newspaper advertisements and other written communication with the public related to student admissions, programs, and scholarships as well as employment opportunities.
Financial Aid from Government Agency	Schedule E Part I Line 6a	The University participates in the Pell Grant Program, the Supplemental Educational Opportunity Grants Program, the Federal College Work Study Program, and the Perkins Loan Program. Additionally, the University has received a number of grants from the National Science Foundation, The United States Department of Education, The Department of Health and Human Sciences, and The Library of Congress.

Schedule F IRS990ScheduleF

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

Accts Actvs Out US Table AcctsActvsOutUSTable (6 entries)

RegionRegion	Type Of Activities ConductedTypeOfActivitiesConducted	Specific Services ProvidedSpecificServicesProvided	Total ExpendituresTotalExpenditures
Central America and the Caribbean	Program Services	Study Away-Instruction	282518
East Asia and the Pacific	Program Services	Study Away-Instruction	120607
Europe (Including Iceland and Greenland)	Program Services	Study Away-Instruction	2666587
South America	Program Services	Study Away-Instruction	62684
South Asia	Program Services	Study Away-Instruction	263265
Sub-Saharan Africa	Program Services	Study Away-Insrution	108385

Field	Value	IRS element (for citing)
Subtotal Number Of Offices	0	SubtotalNumberOfOffices
Subtotal Number Of Employees	0	SubtotalNumberOfEmployees
Total Number Of Offices	0	TotalNumberOfOffices
Total Number Of Employees	0	TotalNumberOfEmployees
Subtotal Amount Spent	3504046	SubtotalAmountSpent
Total Amount Spent	3504046	TotalAmountSpent

Grants To Ind Outside US GrantsToIndOutsideUS (7 entries)

Type Of AssistanceTypeOfAssistance	RegionRegion	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Manner Of Cash DisbursementMannerOfCashDisbursement
Scholarships to attend Furman University	Cent. America/Caribbean	5	189572	reduce fees
Scholarships to attend Furman University	East Asia/Pacific	22	280978	reduce fees
Scholarships to attend Furman University	Europe/Iceland/Greenland	10	383388	reduce fees
Scholarships to attend Furman University	North America	4	166842	reduce fees
Scholarships to attend Furman University	South America	1	38980	reduce fees
Scholarships to attend Furman University	South Asia	6	274110	reduce fees
Scholarships to attend Furman University	Sub-Saharan Africa	2	45000	reduce fees

Field	Value	IRS element (for citing)
Transfer To Foreign Corp	true	TransferToForeignCorp
Interest In Foreign Trust	false	InterestInForeignTrust
Own Foreign Corp	false	OwnForeignCorp
Passive Foreign Invest Co	true	PassiveForeignInvestCo
Foreign Partnership	false	ForeignPartnership
Boycott Countries	false	BoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV

Field	Value	IRS element (for citing)
Identifier	Monitoring the use of grant funds	Identifier
Return Reference	Schedule F, Part I, Line 2	ReturnReference
Explanation	Furman provides scholarships and/or financial aid to individuals outside of the United States to attend the university. These grants for international students are awarded based on need, merit, and/or goodwill and cover the costs of tuition, room and board. The scholarship and/or financial aid is applied by the Financial Aid Department directly against the student's account with the University as a reduction in fees. As a result, the grant can only be used for its intended purpose (i.e. cost of attendance) and can not be diverted from this use.	Explanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	Golf Tournament	NameOfEvent1
Gross Receipts Event1	53743	GrossReceiptsEvent1
Charitable Contributions Event1	2175	CharitableContributionsEvent1
Gross Revenue Event1	51568	GrossRevenueEvent1
Non Cash Prizes Event1	2988	NonCashPrizesEvent1
Rent Facility Costs Event1	5324	RentFacilityCostsEvent1
Food And Beverage Event1	2553	FoodAndBeverageEvent1
Other Direct Expenses Event1	4090	OtherDirectExpensesEvent1
Name Of Event2	Diamond Classic	NameOfEvent2
Gross Receipts Event2	35980	GrossReceiptsEvent2
Charitable Contributions Event2	4980	CharitableContributionsEvent2
Gross Revenue Event2	31000	GrossRevenueEvent2
Non Cash Prizes Event2	39	NonCashPrizesEvent2
Rent Facility Costs Event2	2973	RentFacilityCostsEvent2
Food And Beverage Event2	18475	FoodAndBeverageEvent2
Other Direct Expenses Event2	1980	OtherDirectExpensesEvent2
Total Number Of Other Events	11	TotalNumberOfOtherEvents
Gross Receipts Other Events	127060	GrossReceiptsOtherEvents
Charitable Contrib Other Events	31875	CharitableContribOtherEvents
Gross Revenue Other Events	95185	GrossRevenueOtherEvents
Non Cash Prizes Other Events	11041	NonCashPrizesOtherEvents
Rent Facility Costs Other Events	8552	RentFacilityCostsOtherEvents
Food And Beverage Other Events	8740	FoodAndBeverageOtherEvents
Other Direct Expenses Other Events	35929	OtherDirectExpensesOtherEvents
Gross Receipts Total	216783	GrossReceiptsTotal
Charitable Contributions Total	39030	CharitableContributionsTotal
Gross Revenue Total Events	177753	GrossRevenueTotalEvents
Non Cash Prizes Total Events	14068	NonCashPrizesTotalEvents
Rent Facility Costs Total Events	16849	RentFacilityCostsTotalEvents
Food And Beverage Total Events	29768	FoodAndBeverageTotalEvents
Other Direct Expenses Total Events	41999	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	102684	DirectExpenseSummaryEvents
Net Income Summary	75069	NetIncomeSummary

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained

Recipient Table RecipientTable (5 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EIN Of RecipientEINOfRecipient	IRC SectionIRCSection	Amount Of Cash GrantAmountOfCashGrant	Purpose Of GrantPurposeOfGrant
The Greenville Drive LLC
945 South Main Street	Greenville	SC	29601	576019318	N/A	75000	Sponsorship
CityStory LLC
2 Sunny Meadow Lane	Simpsonville	SC	29681	451540324	N/A	10000	donation
Greenville Forward
14 Manly Street	Greenville	SC	29601	204177118	501(c) (3)	7500	Annual Donation
United Way of Greenville County
105 Edinburgh Court	Greenville	SC	29607	570827063	501(c) (3)	15000	Ameri Corp Grant
Greenville County Schools
100 Blassingame Road	Greenville	SC	29605	576000234	N/A	10000	Donation-Healthy Nutrition Program

Field	Value	IRS element (for citing)
Total Nbr Of501 C3 And Govt Grants	2	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	3	TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (14 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Amount Of Non Cash AssistanceAmountOfNonCashAssistance	Method Of ValuationMethodOfValuation	Description Of Non Cash AssistanceDescriptionOfNonCashAssistance
Scholarships to attend Furman University	2200	45471926
Tuition Benefit Grant Program(not attending Furman	60	136177
Furman Advantage Intern, Research, & Fellowship	342	464975
Chemistry Master Program & Research Stipends	9	55650
Hollingsworth Intern & Research Stipends	11	7250
Campbell Scholar Stipends	12	24000
Herring Intern Stipend	1	4300
Robert Cate Research Fellowships	3	4950
Bridges to a Brighter Future Stipends	198	15160
Other Student Research Stipends	155	360085
Student Academic/Department Awards	101	48595
Student Academic/Departmental Awards	58		2204	Cost	Medallions
Student Academic Stipends	14	17650
Bridgeway Foundation Stipends	17	18300

Form990 Schedule I Part IV Form990ScheduleIPartIV

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

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Club Dues Or Fees	X	ClubDuesOrFees
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Independent Consultant	X	IndependentConsultant
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	true	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (15 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Bonus Filing OrgBonusFilingOrg	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Filing OrgOtherCompensationFilingOrg	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg	Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Rodney Smolla
345753	0	35000	0	46639	0	63625	0	18657	0	509674	0	0	0
Mary Lou Merkt
165230	0	0	0	42815	0	26381	0	18657	0	253083	0	0	0
John Beckford
166627	0	0	0	815	0	21608	0	16562	0	205612	0	0	0
Gary E Clark
156035	0	0	0	3364	0	20100	0	14331	0	193830	0	0	0
Michael Gatchell
148840	0	0	0	4752	0	19563	0	18826	0	191981	0	0	0
Connie L Carson
146569	0	0	0	2792	0	18467	0	7453	0	175281	0	0	0
Mark Kelly
148471	0	0	0	5614	0	19221	0	15137	0	188443	0	0	0
Bruce Fowler
211391	0	0	0	35691	0	27009	0	17413	0	291504	0	0	0
Kristopher N Kapoor
109107	0	38573	0	34713	0	18349	0	11255	0	211997	0	0	0
Kenneth C Abernathy
185809	0	0	0	5943	0	17701	0	14179	0	223632	0	0	0
Lon B Knight
166880	0	0	0	22834	0	22114	0	15113	0	226941	0	0	0
Charles L Brewer
137955	0	0	0	22776	0	20724	0	11754	0	193209	0	0	0
William J Pierce
134944	0	0	0	22669	0	17859	0	8233	0	183705	0	0	0
Hayden S Porter
127893	0	0	0	22727	0	19266	0	15418	0	185304	0	0	0
David E Shi
181359	0	0	0	150787	0	31812	0	7766	0	371724	0	79322	0

Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Supplemental Nonqualified Retirement Plan	Schedule J-Part I, Line 4b	The University contributes to a Supplemental Executive Retirement Plan (SERP) for the benefit of Rodney Smolla, President of the University. The purpose of the plan is to offer Mr. Smolla deferred compensation benefits taxable under Section 457(f) of the Code. The amount the university contributes to the SERP is equal to two times the amount of Mr. Smolla's contribution to the 457(b) Deferred Compensation Plan for Furman University. The amount contributed by the University for calendar year 2011 was $33,000.
Residence for Personal Use	Schedule J, Part I, Line 1a	The President of the university and his family reside at White Oaks which is the offical residence of the President. The President is required to live at White Oaks as a condition of his employment. The residence is owned and maintained by the University. Cleaning, maintenance, and grounds keeping services are provided by the University for public areas of the residence only. The President hosts Unviersity events at White Oaks as well.
Social Club Dues	Schedule J, Part I, Line 1a	The University pays the social club membership dues to The Poinsett Club and Commerce Club in Greenville, South Carolina for the President of the University and the membership dues to the Poinsett Club for the Vice President of Development. The purpose of the social club memberships is to meet with donors and other supporters of the University.

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
Educ Facilities Authority for Private Non-Profit
576000286	836896GBO	2006-04-16	41545074	Construction and Capital Improveme	false	false	false
Educ Facilities Authority for Private Non-Profit
576000286	836896GE4	2006-07-06	46660000	Refunding and Capital Improvements	false	false	false
Educ Facilities Authority for Private Non-Profit
576000286	836896JA9	2010-03-18	21867529	Refunding and Capital Improvements	false	false	false

Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)

Amount RetiredAmountRetired	Total ProceedsTotalProceeds	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Capital ExpendituresCapitalExpenditures	Amount UnspentAmountUnspent	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
0	43840225	240000	42713484	0	2008	false	false	true	true
3385000	47233539	305000	11050906	0	2008	true	false	true	true
3040000	21868535	277059	887670	112330	2012	true	true	false	true

Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
false	false	false	false	true
false	false	false	false	true
false	false	false	false	true

Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Business Name Line1NameOfGICProvider/BusinessNameLine1	Term Of GICTermOfGIC	Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate	Term Of HedgeTermOfHedge	Superintegrated HedgeSuperintegratedHedge	Hedge TerminatedHedgeTerminated
0
false	false	false	true	Hypo Public Finance	2.2	true	false	true
Wells Fargo
true	true	true	true	Trinity Plus Funding	1.8	true	false	false	20.	false	false
0
false	false	false	false	0			false	true

Field	Value	IRS element (for citing)
Fed Tax Requirements Compliance	X	FedTaxRequirementsCompliance

Form990 Schedule K Part VI Form990ScheduleKPartVI (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Proceeds for Issue	Part II, Line 3 Column A	Issue Price of the Bonds per Part I (E) $41,545,074 Investment earnings 2,295,151 Total Proceeds of Issue per Part II, Line 3 $43,840,225
Proceeds for Issue	Part II, Line 3 Column B	Issue Price of the Bonds per Part I (E) $46,660,000 Investment Earnings 889,182 Arbitrage Rebate Payment (315,643) Total Proceeds of Issue Part II, Line 3 $47,233,539
Proceeds for Issue	Part II, Line 3 Column C	Issue Price of the Bonds per Part I (E) $21,867,530 Investment Earnings 5 Total Proceeds of Issue per Part II, Line 3 $21,867,535

Schedule L IRS990ScheduleL

Loan Table LoanTable

Field	Value	IRS element (for citing)
Name Person	Rodney Smolla	NamePerson
Purpose Of Loan	Relocation Loan	PurposeOfLoan
Loan From Organization	X	LoanFromOrganization
Original Principal	$75,000	OriginalPrincipalAmount
Balance Due	26796	BalanceDue
Default	false	Default
Approved By Board	true	ApprovedByBoard
Written Agreement	true	WrittenAgreement

Field	Value	IRS element (for citing)
Total Balance Due	26796	TotalBalanceDue

Form990 Schedule L Part III Form990ScheduleLPartIII

Field	Value	IRS element (for citing)
Name Of Interested Person	NA	NameOfInterestedPerson
Relationship With Organization	N/A	RelationshipWithOrganization
Amount Of Grant	39200	AmountOfGrant
Type Of Assistance	Tuition Discoun	TypeOfAssistance

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	Juan Johnson Consulting	NamePerson

Field	Value	IRS element (for citing)
Relationship	owner is trustee of Univ.	Relationship
Amount Of Transaction	135472	AmountOfTransaction
Description Of Transaction	consulting services	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Form990 Schedule L Part V Form990ScheduleLPartV

Field	Value	IRS element (for citing)
Identifier	Business Transaction with Interested Person	Identifier
Return Reference	Schedule L, Part IV	ReturnReference
Explanation	The transaction between the University and Juan Johnson Consulting is an arm's length transaction and conducted at fair market value.	Explanation

Schedule M IRS990ScheduleM

Field	Value	IRS element (for citing)
Works Of Art		WorksOfArt
Art Historical Treasures		ArtHistoricalTreasures
Art Fractional Interest		ArtFractionalInterest

Books And Publications BooksAndPublications

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Noncash Contribs Rptd F990	3	NoncashContribsRptdF990

Clothing And Household Goods ClothingAndHouseholdGoods

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Noncash Contribs Rptd F990	8000	NoncashContribsRptdF990
Method Of Determining Revenues	appraisal	MethodOfDeterminingRevenues

Cars And Other Vehicles CarsAndOtherVehicles

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	2	NumberOfContributions
Noncash Contribs Rptd F990	25275	NoncashContribsRptdF990
Method Of Determining Revenues	Blue book	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Boats And Planes		BoatsAndPlanes
Intellectual Property		IntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	49	NumberOfContributions
Noncash Contribs Rptd F990	1012633	NoncashContribsRptdF990
Method Of Determining Revenues	stock price	MethodOfDeterminingRevenues

Securities Closely Held Stock SecuritiesCloselyHeldStock

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	50039	NoncashContribsRptdF990
Method Of Determining Revenues	independent value	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Securities Prtnrshp Trust Intrsts		SecuritiesPrtnrshpTrustIntrsts
Securities Miscellaneous		SecuritiesMiscellaneous
Qualified Contrib Hist Struct		QualifiedContribHistStruct
Qualified Contrib Other		QualifiedContribOther
Real Estate Residential		RealEstateResidential
Real Estate Commercial		RealEstateCommercial
Real Estate Other		RealEstateOther

Collectibles Collectibles

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	6	NumberOfContributions
Noncash Contribs Rptd F990	6	NoncashContribsRptdF990

Food Inventory FoodInventory

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	12	NumberOfContributions
Noncash Contribs Rptd F990	19969	NoncashContribsRptdF990
Method Of Determining Revenues	selling price	MethodOfDeterminingRevenues

Drugs And Medical Supplies DrugsAndMedicalSupplies

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	1	NoncashContribsRptdF990

Field	Value	IRS element (for citing)
Taxidermy		Taxidermy

Historical Artifacts HistoricalArtifacts

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	45100	NoncashContribsRptdF990
Method Of Determining Revenues	appraisal	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Scientific Specimens		ScientificSpecimens
Archaeological Artifacts		ArchaeologicalArtifacts

Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)

Non Cash CheckboxNonCashCheckbox	DescriptionDescription	Number Of ContributionsNumberOfContributions	Noncash Contribs Rptd F990NoncashContribsRptdF990	Method Of Determining RevenuesMethodOfDeterminingRevenues
X	Insurance Premiums	1	737	cost
X	Items for Athletic Programs	3	576	cost
X	Materials for Building Projects	3	39672	selling Price

Field	Value	IRS element (for citing)
Number Of8283 Received	0	NumberOf8283Received
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	true	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII

Field	Value	IRS element (for citing)
Identifier	Number of Contributions	Identifier
Return Reference	Schedule M-Part I, Column(b)	ReturnReference
Explanation	Furman University is entering the number of contributions received of each type in accordance with the university's recordkeeping practices.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Review Process of 990	Part VI, Section B, Line 11B	The university's Audit Committee of the Board of Trustees, Vice President for Finance and Administration, and Controller received a copy of the prepared Form 990 to review prior to filing with the IRS. Any specific issues and/or questions that arose during the review process were addressed. Form 990 was provided to each voting member of the university's Board of Trustees at their April 2013 meeting which is prior to its filing with the IRS.
Audited Financial Statements	Part XII, line 2b	Furman University has an annual audit and issues consolidated financial statements of the University and the Furman University Foundation.
Conflict of Interest Policy	Part VI, Section B, Line 12c	The Conflicts of Interest Policy for the Board of Trustees is included in Section 9 of the Furman University By-Laws. Each member of the Board of Trustees is required to complete a Conflicts of Interest Disclosure Form at the first meeting of each academic year. Each Trustee shall disclose to the Board Chair any additional potential conflicts of interest at the earliest practical time. Additionally, the University has a Conflicts of Interest Policy for Employees with Executive or Administrative Responsibilities as the University recognizes that such employees have a duty of loyalty and fidelity in carrying out their responsibilities. This policy applies to those employees designated by the President as having executive or administrative responsibilities. Each such employee is required, at least annually, to complete the Questionnaire for Employees with Executive or Administrative Responsibilities. This questionnaire requires disclosure of any potential conflicts of interest and is administered by the Human Resoures Department.
Disclosure	Part VI, Section C, Line 19	Furman University makes its governing documents, conflicts of interest policy, and financial statements available upon request. Additionally, the University's consoldiated financial statements and Form 990 can be found on the Furman website. The consolidated financial statements are included on the NACUBO website.
Compensation Process	Part VI, Section B, Line 15	The compensation of the University's President is determined annually by the Executive Committee of the Board of Trustees. The committee commissioned studies of peer institutions' executive compensation conducted by independent consultants. Final compensation is approved by the Executive Committee on an annual basis. The President's employment is guided by a written employment contract,signed by both parties. Additionally, the independent consultants review and analyze three of the officers' salaries annually. The three officers' salaries are selected by the independent consultants and are selected on a rotation basis. Executive Committee meetings are documented.
Whistleblower Policy	Part VI, Section B, Line 13	The Furman University Whistleblower Policy was set forth to establish policies and procedures for the submission of concerns surrounding questionable accounting or auditing practices by any member of the Furman community, the receipt, retention, and treatment of complaints received, and the protection of those individuals reporting the concerns. All reported concerns are to be forwarded to the Chairperson of the Trustee Audit Committee in accordance with the procedures set forth in the policy. The Audit Committee shall be responsible for investigating and making appropriate recommendations to the Board of Trustees with respect to reported concerns, as deemed appropriate. Anyone reporting a concern must act in good faith and reports shall be kept confidental to the extent possible.
Transactions with Related Organization-Hollingsworth Funds Inc	Schedule R, Part V, Line 2	Furman University is the primary beneficary of the Hollingsworth Funds, Inc. which was established in 1977 by John D. Hollingsworth. For the year ended June 30, 2012 the university received from the Hollingsworth Funds, a cash grant in the amount of $1,972,741. Of this amount, $1,850,512 was disbursed in fiscal year 2011-2012 to fund The Hollingsworth Scholars Program and to help supplement the specific needs of the Departments of Business and Accounting and Economics. Additionally, the University had trasactions with the Furman University Foundation (FUF) that consisted of (1) a grant from FUF to the University which resulted from the transfer of the sale proceeds of a property held for investment to the University to help fund baseball facility improvements per the donor's wishes, (2) reimbursement by the University to FUF for expenses incurred on a property held for sale, and (3) other transfers of cash by the University to FUF for cash advances and other costs paid by the University on behalf of FUF.
Other changes in net assets	Part XI, Line 5	Other changes in net assets of $20,193,572 represents the unrealized loss on investments.
Audit Committee	Part XII, Line 2c	Furman University has an Audit Committee comprised of four members of the Board of Trustees. The Audit Committee assumes responsibility for oversight of the audit of the consolidated financial statements of the University. Additionally, the Audit Committee is responsible for the selection and retainment of the independent audit firm.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Exempt Code SectionExemptCodeSection	Public Charity StatusPublicCharityStatus	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Controlled OrgControlledOrg
Furman University Foundation
3300 Poinsett Highway	Greenville	SC	29613	571061363	Foundation	SC	501(c) (3)	11b Type II	NA	false
Hollingsworth Funds Inc
124 Verdae Boulevard Suite 104	Greenville	SC	29607	571003814	Charitable	SC	501(c) (3)	11a Type I	NA	false

Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)

Primary ActivityPrimaryActivity	Legal Domicile StateLegalDomicileState	Business Name Line1DirectControllingEntityName/BusinessNameLine1	Type Of EntityTypeOfEntity
Charitable Remainder Unitrusts (10)
split interest	SC	NA	trust
Charitable Remainder Annuity Trust (1)
split interest	SC	NA	trust

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	true	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	false	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	false	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	false	SharingOfPaidEmployees
Reimbursement Paid To Other Org	true	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	true	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
Hollingsworth Funds Inc
C	1972741	cash received
Furman University Foundation
C	124588	sale proceeds
Furman University Foundation
O	50609	reimb expenses
Furman University Foundation
Q	2564299	receivable