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        <NamePerson>MS PHYLLIS MANDOLA</NamePerson>
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        <NamePerson>REV JOSEPH PILSNER CSB</NamePerson>
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        <NamePerson>MR REYNALDO REZA</NamePerson>
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        <NamePerson>MR GARY ROSENTHAL</NamePerson>
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        <NamePerson>MR DON WANG</NamePerson>
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        <NamePerson>MR HENRY DEDOMINICIS</NamePerson>
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        <NamePerson>MR JAMES BOOTH</NamePerson>
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        <NamePerson>MS PATRICIA MCKINLEY</NamePerson>
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      <TotalLiabilities>
        <BOY>33378408</BOY>
        <EOY>33273609</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
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        <EOY>54902284</EOY>
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      <TemporarilyRestrictedNetAssets>
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        <EOY>18398268</EOY>
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      <PermanentlyRestrictedNetAssets>
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        <BOY>126288290</BOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>159666698</BOY>
        <EOY>168796408</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>11528125</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-2293616</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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      <Sect170hRequirementsSatisfied>false</Sect170hRequirementsSatisfied>
      <ArtPublicExhibitionAmts>
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      </ArtPublicExhibitionAmts>
      <CollectUsedForPublicExhibition>X</CollectUsedForPublicExhibition>
      <CollectUsedForPreservation>X</CollectUsedForPreservation>
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      <AgentTrusteeEtc>false</AgentTrusteeEtc>
      <IncludedOnFS>false</IncludedOnFS>
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      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
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      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
      <Land>
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        <BookValue>4728640</BookValue>
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        <BookValue>1518856</BookValue>
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      <TotalOfBookValueLandBuildings>76205444</TotalOfBookValueLandBuildings>
      <Form990ScheduleDPartXIV>
        <Identifier>LIABILITY UNDER FIN 48 FOOTNOTE</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 3, PART X</ReturnReference>
        <Explanation>FROM THE SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED JUNE 30, 2012 AND 2011, AND INDEPENDENT AUDITOR'S REPORT: TAX STATUS - THE UNIVERSITY AND UST REALTY COMPANY HAVE RECEIVED FROM THE INTERNAL REVENUE SERVICE DETERMINATION LETTERS OF EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR SUCH TAXES. ACCOUNTING STANDARDS REQUIRE THAT THE UNIVERSITY RECOGNIZE IN ITS CONSOLIDATED FINANCIAL STATEMENTS THE FINANCIAL EFFECT OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE POSITION. TAX POSITIONS TAKEN RELATED TO THE UNIVERSITY'S TAX-EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES' TAXABLE INCOME, AND THE DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN BY THE UNIVERSITY WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE UNIVERSITY HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>SUPPLEMENTAL FINANCIAL INFORMATION</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XIV</ReturnReference>
        <Explanation>PART III, LINE 4 - COLLECTIONS AND RELATION TO EXEMPT PURPOSE THE UNIVERSITY'S ART COLLECTION HAS BEEN COLLECTED OVER MANY YEARS FROM A VARIETY OF SOURCES. IT IS CONSIDERED AN ENHANCEMENT TO THE OVERALL AMBIANCE OF THE CAMPUS AND AUGMENTS THE EDUCATIONAL EXPERIENCE OF OUR STUDENTS ENROLLED IN ART AND ART HISTORY COURSES. PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS ENDOWMENT FUNDS ARE USED ACCORDING TO DONOR STIPULATIONS.</Explanation>
      </Form990ScheduleDPartXIV>
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    <IRS990ScheduleE documentId="RetDoc6">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E LINE 3</ReturnReference>
        <Explanation>VETERAN STATUS FURTHER ANY SUCH INFORMATION WILL BE USED IN A NONDISCRIMATORY MANNER CONSISTENT WITH ALL APPLICABLE LAWS</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E LINE 6</ReturnReference>
        <Explanation>STUDENTS ATTENDING THE UNIVERSITY RECEIVE AID AND ASSISTANCE FROM BOTH FEDERAL AND STATE SOURCES ACCORDING TO APPLICABLE LAWS AND THE NEEDS OF THE INDIVIDUAL STUDENTS</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleF documentId="RetDoc7">
      <AcctsActvsOutUSTable>
        <Region>EUROPE</Region>
        <TypeOfActivitiesConducted>PROGRAM SERVICE</TypeOfActivitiesConducted>
        <SpecificServicesProvided>STUDY ABROAD</SpecificServicesProvided>
        <TotalExpenditures>31822</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>SOUTH AMERICA</Region>
        <TypeOfActivitiesConducted>PROGRAM SERVICE</TypeOfActivitiesConducted>
        <SpecificServicesProvided>STUDY ABROAD</SpecificServicesProvided>
        <TotalExpenditures>12090</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <SubtotalAmountSpent>43912</SubtotalAmountSpent>
      <TotalAmountSpent>43912</TotalAmountSpent>
      <Form990ScheduleFPartV>
        <Explanation>EUROPE 31,822 0 SOUTH AMERICA 12,090 0</Explanation>
      </Form990ScheduleFPartV>
    </IRS990ScheduleF>
    <IRS990ScheduleG documentId="RetDoc8">
      <EventsInformation>
        <NameOfEvent1>MARDI GRAS</NameOfEvent1>
        <GrossReceiptsEvent1>939985</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>768800</CharitableContributionsEvent1>
        <GrossRevenueEvent1>171185</GrossRevenueEvent1>
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        <NameOfEvent2>IRISH GALA</NameOfEvent2>
        <GrossReceiptsEvent2>279653</GrossReceiptsEvent2>
        <CharitableContributionsEvent2>187243</CharitableContributionsEvent2>
        <GrossRevenueEvent2>92410</GrossRevenueEvent2>
        <OtherDirectExpensesEvent2>81466</OtherDirectExpensesEvent2>
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        <CharitableContributionsTotal>1210919</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>290895</GrossRevenueTotalEvents>
        <OtherDirectExpensesTotalEvents>259590</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>259590</DirectExpenseSummaryEvents>
        <NetIncomeSummary>31305</NetIncomeSummary>
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    <IRS990ScheduleI documentId="RetDoc9">
      <RecordsMaintained>true</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>STUDENT AID &amp; ASSISTANCE</TypeOfGrant>
        <NumberOfRecipients>1148</NumberOfRecipients>
        <AmountOfCashGrant>10455256</AmountOfCashGrant>
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      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES</Identifier>
        <ReturnReference>SCHEDULE I, PAGE 1, PART I, LINE 2</ReturnReference>
        <Explanation>STUDENT INSTITUTIONAL AID AND ASSISTANCE IS AWARDED TO STUDENTS BASED ON MERIT AND/OR NEED AND IS APPLIED TO INDIVIDUAL STUDENT ACCOUNTS. THE UNIVERSITY'S OFFICE OF SCHOLARSHIPS AND FINANCIAL AID IS RESPONSIBLE FOR REVIEWING EACH STUDENT'S CUMMULATIVE GRADE POINT AVERAGE AND OTHER MERIT BASED CRITERIA ALONG WITH A COMPLETED APPLICATIOON FOR STUDENT FEDERAL AID AND DETERMINES WHETHER A NEED LEVEL IS SUBSTANTIATED BY THE APPLICATION. THE AID AND ASSITANCE PAYS FOR TUITION, FEES, ROOM AND BOARD, AND BOOKSTORE CHARGES.</Explanation>
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    </IRS990ScheduleI>
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      <TravelForCompanions>X</TravelForCompanions>
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <ClubDuesOrFees>X</ClubDuesOrFees>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
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      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
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      <Form990ScheduleJPartII>
        <NamePerson>MR HENRY DEDOMINICIS</NamePerson>
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        <NontaxableBenefitsFilingOrg>6880</NontaxableBenefitsFilingOrg>
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      <Form990ScheduleJPartII>
        <NamePerson>MR GARY MCCORMACK</NamePerson>
        <BaseCompensationFilingOrg>186087</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>11864</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>7183</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>205134</TotalCompensationFilingOrg>
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      <Form990ScheduleJPartII>
        <NamePerson>MR JAMES BOOTH</NamePerson>
        <BaseCompensationFilingOrg>182869</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>11600</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>6201</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>200670</TotalCompensationFilingOrg>
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      <Form990ScheduleJPartII>
        <NamePerson>DR DOMINIC AQUILA</NamePerson>
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        <DeferredCompFilingOrg>10953</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>9188</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>186840</TotalCompensationFilingOrg>
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      <Form990ScheduleJPartII>
        <NamePerson>DR BAHMAN MIRSHAB</NamePerson>
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        <DeferredCompFilingOrg>10053</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>9148</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>169276</TotalCompensationFilingOrg>
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      <Form990ScheduleJPartII>
        <NamePerson>DR NATALYA DELCOURE</NamePerson>
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        <DeferredCompFilingOrg>8703</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>3374</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>153738</TotalCompensationFilingOrg>
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      <Form990ScheduleJPartII>
        <NamePerson>DR HASSAN SHIRVANI</NamePerson>
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        <DeferredCompFilingOrg>9387</DeferredCompFilingOrg>
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        <TotalCompensationFilingOrg>154369</TotalCompensationFilingOrg>
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        <Identifier>OTHER ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>SCHEDULE J, PART III</ReturnReference>
        <Explanation>PART I, LINE 1A - FRINGE OR EXPENSE EXPLANATION THE BENEFITS LISTED IN LINE 1A WERE PROVIDED IN ACCORDANCE WITH THE PRESIDENT'S EMPLOYMENT CONTRACT AND ARE DEEMED APPROPRIATE CONSIDERING THE PRESIDENT'S ACTIVITIES WITH DONORS ACROSS THE COUNTRY AND WITH THE BOARD OF DIRECTORS, AND INCREASING THE UNIVERSITY'S VISIBILITY WITHIN THE HOUSTON METROPOLITAN AREA.</Explanation>
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    </IRS990ScheduleJ>
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      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>L GALLAGHER</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>BRD MMBR SPOUSE</Relationship>
        <AmountOfTransaction>35200</AmountOfTransaction>
        <DescriptionOfTransaction>EMPLOYMENT</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
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        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>8</NumberOfContributions>
        <NoncashContribsRptdF990>790592</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>AVE PRICE DAY OF TRANSFER</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>false</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>SUPPLEMENTAL INFORMATION</Identifier>
        <ReturnReference>SCHEDULE M, PAGE 2, PART II</ReturnReference>
        <Explanation>PART I, COLUMN B REFERS TO THE NUMBER OF DONORS FOR LINE 9.</Explanation>
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    <IRS990ScheduleO documentId="RetDoc13">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>WE ARE THE UNIVERSITY OF ST. THOMAS, THE CATHOLIC UNIVERSITY IN THE HEART OF HOUSTON. WE ARE COMMITTED TO THE CATHOLIC INTELLECTUAL TRADITION AND THE DIALOGUE BETWEEN FAITH AND REASON. BY PURSUING EXCELLENCE IN TEACHING, SCHOLARSHIP, AND SERVICE, WE EMBODY AND INSTILL IN OUR STUDENTS THE CORE VALUES OF OUR FOUNDERS: GOODNESS, DISCIPLINE, AND KNOWLEDGE. WE FOSTER ENGAGEMENT IN A DIVERSE, COLLABORATIVE COMMUNITY. AS A COMPHREHENSIVE UNIVERSITY GROUNDED IN THE LIBERAL ARTS, WE EDUCATE STUDENTS TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, SUCCEED PROFESSIONALLY, AND LEAD ETHICALLY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ALL OTHER ACCOMPLISHMENT DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4D</ReturnReference>
        <Explanation>STUDENT INSTITUTIONAL AID AND ASSISTANCE</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>FORM 990, PART V</ReturnReference>
        <Explanation>EXPLANATION FOR LINE 2A - BREAKDOWN OF 2011 W-2'S ISSUED BY THE UNIVERSITY ADMINISTRATORS 46 STAFF 216 PART-TIME STAFF 49 FACULTY 160 PART-TIME FACULTY 209 STUDENT WORKERS 373 TOTAL 2011 W-2'S 1,053</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>FORM 990, PART VI</ReturnReference>
        <Explanation>SECTION B, LINE 13 - WRITTEN POLICIES THE UNIVERSITY CONTINUES TO WORK ON A DRAFT OF A WHISTLEBLOWER POLICY VIA ESTABLISHED POLICY COMMITTEES INCORPORATED IN THE UNIVERSITY'S GOVERNANCE STRUCTURE. THE POLICY IS BEING REVIEWED BY THE PRESIDENT AND HIS CABINET.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ELECTION OF MEMBERS AND THEIR RIGHTS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7A</ReturnReference>
        <Explanation>PER THE BY-LAWS OF THE UNIVERSITY, AT LEAST ONE-THIRD OF THE BOARD OF DIRECTORS SHALL BE ELECTED FROM NOMINATIONS SUBMITTED TO THE NOMINATING COMMITTEE BY THE LOCAL SUPERIOR OF THE BASILIAM FATHERS AT THE UNIVERSITY OF ST. THOMAS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>THE FORM 990 WAS REVIEWED BY THE UNIVERSITY'S AUDIT AND FINANCE COMMITTEE PRIOR TO ITS FILING WITH THE IRS. AFTER TAKING INTO ACCOUNT ANY COMMENTS OR RECOMMENDATIONS OF THE AUDIT AND FINANCE COMMITTEE, THE FORM 990 IS FINALIZED AND PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING. THE METHODOLOGY FOR THIS REVIEW FOLLOWS THE PROCEDURE USED FOR THE ANNUAL REVIEW OF THE AUDITED FINANCIAL STATEMENTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>ANNUAL AFFIRMATION THAT CONFLICTS DO NOT EXIST ARE REQUIRED TO BE MADE FOR BOARD MEMBERS, OFFICERS, AND CERTAIN KEY EMPLOYEES. IF ANY CONFLICTS ARE NOTED, THEY MUST BE SUFFICIENTLY EXPLAINED. BOARD MEMBERS RECUSE THEMSELVES FROM VOTING OR PARTICIPATING IN DISCUSSIONS REGARDING TOPICS WITH WHICH THEY MAY BE IN CONFLICT. RECORDS OF THE ANNUAL AFFIRMATIONS ARE MAINTAINED BY THE OFFICE OF THE PRESIDENT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>IN DETERMINING THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT, THE BOARD OF DIRECTORS REVIEWS COMPARABILITY DATA FROM UNIVERSITY-FOCUSED SALARY SURVEYS TO DETERMINE THE HIRING SALARY. ALL SALARY INCREASES OR CHANGES TO COMPENSATION AFTER HIRING OF THE PRESIDENT ARE APPROVED BY THE BOARD OF DIRECTORS. ANY BOARD MEETING THAT HAS SUCH DISCUSSIONS IS DOCUMENTED VIA THE OFFICIAL BOARD MEETING MINUTES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>THE BOARD OF DIRECTORS APPROVES THE HIRING OF VICE PRESIDENTS BASED ON A RECOMMENDATION FROM THE PRESIDENT. HOWEVER, THE PRESIDENT HAS THE DISCRETION TO SET THE INITIAL SALARY AND TO AWARD INCREASES BASED ON THE EXPERIENCE OF THE INDIVIDUAL, MARKET CONDITIONS, AND INDUSTRY STANDARDS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST TO THE TEXAS SECRETARY OF STATE. GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>FORM 990, PART VII</ReturnReference>
        <Explanation>FORM 990. PART VI, SECTION A, LINE 2 - FAMILY OR BUSINESS RELATIONSHIP 1) HIS EMINENCE DANIEL CARDINAL DINARDO IS THE RELIGIOUS SUPERIOR OF REVEREND BRENDAN CAHILL, THUS CREATING A RELATIONSHIP BETWEEN TWO BOARD MEMBERS. 2) SEVERAL BOARD MEMBERS BELONG TO THE CONGREGATION OF ST. BASIL, A COMMUNITY OF BASILIAN PRIESTS AT THE UNIVERSITY OF ST. THOMAS. REVEREND MICHAEL A. BUENTELLO, CSB SERVES AS THE LOCAL SUPERIOR OF THE COMMUNITY. THE OTHER BOARD MEMBERS WHO BELONG TO THE COMMUNITY ARE REVEREND ROBERT J. BARRINGER, CSB; REVEREND PATRICK BRADEN, CSB; REVEREND ROBERT W. CROOKER, CSB; REVEREND ANTHONY GIAMPIETRO, CSB; AND REVEREND JOSEPH PILSNER, CSB.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RELATED ORGANIZATIONS</Identifier>
        <ReturnReference>FORM 990, PAGE 7, PART VII</ReturnReference>
        <Explanation>DR. ROBERT IVANY, MR. JAMES BOOTH, AND MR. GARY MCCORMACK ARE EMPLOYED BY THE UNIVERSITY OF ST. THOMAS AND ALSO PROVIDE SERVICES TO A RELATED ORGANIZATION. THE AVERAGE NUMBER OF HOURS WORKED PER WEEK BY THESE INDIVIDUALS EQUALS FORTY HOURS, AND ANY TIME NOT ACCOUNTED FOR ON PART VII, SECTION A, COLUMN B WAS DEVOTED TO THEIR SERVICE TO THE RELATED ORGANIZATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN NET ASSETS EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5</ReturnReference>
        <Explanation>THE DECREASE TO NET ASSETS REPRESENTS UNREALIZED LOSSES ON MARKETABLE SECURITIES HELD BY THE UNIVERSITY'S ENDOWMENT.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>UST REALTY COMPANY</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>3800 MONTROSE BLVD</AddressLine1>
          <City>HOUSTON</City>
          <State>TX</State>
          <ZIPCode>77006</ZIPCode>
        </AddressUS>
        <EIN>205716703</EIN>
        <PrimaryActivities>REALESTATE</PrimaryActivities>
        <LegalDomicileState>TX</LegalDomicileState>
        <ExemptCodeSection>501C3</ExemptCodeSection>
        <PublicCharityStatus>11A</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>UST</BusinessNameLine1>
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        <ControlledOrg>true</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>true</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>true</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
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        <NameOfOtherOrganization>
          <BusinessNameLine1>UST REALTY COMPANY</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>E</TransactionType>
        <AmountInvolved>925000</AmountInvolved>
        <MethodOfAmtDetermination>ACTUAL DOLLAR AMOUNT</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>UST REALTY COMPANY</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>P</TransactionType>
        <AmountInvolved>9599</AmountInvolved>
        <MethodOfAmtDetermination>ACTUAL DOLLAR AMOUNT</MethodOfAmtDetermination>
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