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HARSHBERGER 40.0 X 0 0 0 DEBRA L SCHROEDER 40.0 X 250633 0 40630 SIDDHARTHA DALAL 40.0 X 357411 0 50913 ARIE KAPTEYN 40.0 X 364037 0 38247 BRUCE R NARDULLI 40.0 X 336583 0 42747 C RICHARD NEU 40.0 X 325497 0 37799 OBAIDULLAH YOUNOSSI 40.0 X 338499 0 42220 ROBERT H BROOK 20.0 X 166913 0 44208 NATALIE W CRAWFORD 40.0 X 219242 0 39085 JEFFREY A ISAACSON 40.0 X 105112 0 21217 THOMAS L MCNAUGHER 40.0 X 125503 0 12398 7426174 187715 1218174 577 true true false JOHNSON CONTROLS INC 5757 N GREEN BAY AVENUE MILWAUKEE WI 53201 BUILDING MAINTENANCE 1175324 SERVICON SYSTEMS INC 3965 LANDMARK STREET CULVER CITY CA 90232 JANITORIAL SERVICES 800507 SODEXO AFFILIATES 9801 WASHINTONIAN BLVD GAITHERSBURG MD 20878 FOOD MANAGEMENT 608792 PRICEWATERHOUSECOOPERS LLP 350 S GRAND AVENUE LOS ANGELES CA 90071 AUDIT & CONSULT SVCS 440282 COOLEY GODWARD KRONISH LLP 101 CALIFORNIA STREET 5TH FLOOR SAN FRANCISCO CA 94111 LEGAL SERVICES 343655 37 220529183 42775221 263304404 FEE REVENUE 900099 12253611 12253611 12253611 4096276 78546 4017730 0 0 50453676 14638017 47995655 11276074 2458021 3361943 5819964 5819964 0 0 2382 2422 -40 -40 SUBLEASE RENTS 900099 1953823 1953823 1953823 287428038 12253611 78506 11791517 0 353910 353910 0 0 6652928 2413970 4003390 235568 588503 279227 279416 29860 125913502 103427047 20582421 1904034 12231152 9826048 2180218 224886 37743246 29530388 7533241 679617 10336349 8305168 1841259 189922 0 1772095 462807 1309288 825856 114648 711208 11659 11659 0 255800 255800 6299015 4046584 2029727 222704 83625 2846 26563 54216 5482422 3342141 2068775 71506 7295006 3806225 3465252 23529 11940 11940 10105019 3445537 6580491 78991 13500208 11787803 1589002 123403 0 443515 384626 47567 11322 3015571 3015571 0 8827025 1282044 7544981 1487555 475036 1012519 SUBCONTRACTS 20057521 20057521 LETTER AGREEMENTS 2039044 2010836 22308 5900 TAXES AND LICENSES 756596 243287 509404 3905 MISCELLANEOUS EXPENSES 3341309 1564865 1748150 28294 279430371 207174223 68368491 3887657 5241384 3907250 37562307 26594083 9300734 9016787 37647482 50066797 0 0 0 0 2761614 2761614 11052 5505 4692425 4793687 196116786 79073008 119413059 117043778 110572991 137276503 58402283 58704824 0 0 0 0 4574965 3440392 390180296 413611220 65702591 68597813 0 0 12445112 13061472 120800000 118670000 0 0 0 0 0 0 0 0 15483367 14565589 214431070 214894874 X 112584199 130807009 18073255 21565222 45091772 46344115 175749226 198716346 390180296 413611220 X 7997667 14969453 X false true true X true true X 235324140 231780065 244912391 250987982 263304404 1226308982 235324140 231780065 244912391 250987982 263304404 1226308982 1226308982 10757235 3874420 3685446 5037181 4096276 27450558 0 0 0 0 0 0 1871728 1924902 1943071 1996574 1953823 9690098 1263449638 53632032 0.97060 0.96339 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11659 11659 279418712 279430371 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 21382 13836 7853 11659 54730 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 0 101825 0 0 X false true 10103343 3741312 1160888 12683767 false 178424170 2414985 24221280 8616823 0 196443612 184909977 420065 1656899 0 8562771 0 178424170 174515558 257842 18084099 0 7947522 0 184909977 183751804 740714 293285 0 10270245 0 174515558 0.70760 0.22420 0.06820 false false 1334060 1334060 110677815 22117743 88560072 15688646 11763189 3925457 66718698 45192076 21526622 1697567 1697567 117043778 ALTERNATIVE INVESTMENTS 58704824 F 58704824 0 ACCRUED POST RETIREMENT BENEFIT 14565589 14565589 287428038 279430371 7997667 14519018 373315 14892333 22890000 311522000 14519018 4626 11887519 26411163 285110837 2317201 2317201 287428038 289085000 4626 11964366 11968992 277116008 2314363 2314363 279430371 DESCRIPTION OF COLLECTIONS AND HOW THEY FURTHER THE ORG'S EXEMPT PURPOSE SCHEDULE D, PART III, LINE 4 THE DONATED ARTWORK ASSISTS RAND IN ITS MISSION AS IT ALLOWS RAND TO OFFER COLLECTION TOURS AS PART OF DONOR CULTIVATION AND CONTINUES TO BE A FEATURED PART OF OUR ART AND ARCHITECTURE TOURS FOR THE COMMUNITY. TRUST ESCROW AND CUSTRODIAL ARRANGEMENTS SCHEDULE D, PART IV, LINE 1B RAND CONTRIBUTES TO, AND IS THE SOLE TRUSTEE OF, A VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION IRREVOCABLE TRUST THAT IS USED TO PARTIALLY FUND HEALTH CARE BENEFITS FOR RETIREES AND THEIR ELIGIBLE DEPENDENTS. BENEFICIARIES SHARE SUBSTANTIALLY IN THE COST OF COVERAGE. USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 RAND'S ENDOWMENT CONSISTS OF APPROXIMATELY 30 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. IT HAS BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT FUNDS. RAND HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS ENDOWMENT THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO THE PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. DETAIL OF AMOUNT SCHEDULE D, PART XI, LINE 8 NET INCOME, RAND EUROPE: ($ 76,847) CHANGE IN FMV OF DERIVATIVES: ($ 446,983) ADJ. TO POST RETIREMENT BENEFIT LIABILITY: $ 899,600 ROUNDING ADJUSTMENT: ($ 2,455) ------------ TOTAL: $ 373,315 DETAIL OF AMOUNT SCHEDULE D, PART XII, LINE 2D RAND EUROPE REVENUE: $ 11,887,519 DETAIL OF AMOUNT SCHEDULE D, PART XII, LINE 4B SUBLEASE REVENUE: $ 1,953,823 RAND STORE NET LOSS: ($ 40) INTEREST INCOME GROSS-UP: $ 112,812 LTIF INCOME GROSS-UP: $ 249,050 ROUNDING ADJUSTMENT: $ 1,556 ------------- TOTAL: $ 2,317,201 DETAIL OF AMOUNT SCHEDULE D, PART XIII, LINE 2D RAND EUROPE EXPENSE: $ 11,964,366 DETAIL OF AMOUNT SCHEDULE D, PART XIII, LINE 4B SUBLEASE REVENUE: $ 1,953,823 RAND STORE NET INCOME: ($ 40) INTEREST INCOME GROSS-UP: $ 112,812 LTIF INCOME GROSS-UP: $ 249,050 ROUNDING ADJUSTMENT: ($ 1,282) ------------- TOTAL: $ 2,314,363 North America 1 1 Program Services PUBLIC POLICY RESEARCH 790153 Middle East and North Africa 2 6 Program Services PUBLIC POLICY RESEARCH 10942859 Russia and the Newly Independent States 0 0 Program Services PUBLIC POLICY RESEARCH 179675 Central America and the Caribbean 0 0 Investments 36290233 3 7 3 7 48202920 48202920 true false true true true true ACCOUNTING METHOD SCHEDULE F, PART I, LINE 3, COLUMN F CONSISTENT WITH OTHER EXPENDITURES DISCLOSED IN THIS 990 FORM, THE PROGRAM SERVICE EXPENDITURES LISTED IN SCHEDULE F, PART I ARE SHOWN USING AN ACCRUAL BASIS. true FELLOWSHIP GRANTS 11 353910 Description of Organization's Procedures for Monitoring the Use of Grants SCHEDULE I, PART I, LINE 2 TO ENHANCE ITS RESEARCH AGENDA AND PROVIDE VALUABLE TRAINING IN POLICY ANALYSIS, THE RAND CORPORATION PARTICIPATES IN A NUMBER OF PROGRAMS THAT PROVIDE FUNDING FOR FELLOWSHIPS. OUTSIDE ORGANIZATIONS, AGENCIES, AND FOUNDATIONS OCCASIONALLY MAKE FELLOWSHIPS AVAILABLE THROUGH GRANTS AWARDED TO RAND. SUCH OPPORTUNITIES ARE GENERALLY WIDELY ADVERTISED AND A COMPETITVE APPLICATION PROCESS DETERMINES THE FELLOWSHIP RECIPIENT. FELLOWSHIP FUNDS ARE SEGREGRATED AND MANAGEMENT ACTIVELY MONITORS SPENDING TO ENSURE ANY AND ALL REQUIREMENTS ARE MET. X X X true true X X X X false true false false false false false true false JAMES A THOMSON 522814 0 156921 0 92588 0 146266 0 17825 0 936414 0 46911 0 MICHAEL D RICH 366951 0 96178 0 25937 0 60014 0 20138 0 569218 0 16623 0 RICHARD FALLON 274011 0 61248 0 1908 0 28960 0 25497 0 391624 0 0 0 VIVIAN J ARTERBERY 170489 0 14748 0 1764 0 20980 0 17180 0 225161 0 0 0 TIMOTHY M BONDS 203404 0 22582 0 4330 0 27062 0 19511 0 276889 0 0 0 ALLISON E ELDER 178817 0 11653 0 384 0 22249 0 20176 0 233279 0 0 0 ANDREW HOEHN 245625 0 25389 0 960 0 28960 0 18394 0 319328 0 0 0 WILLIAM P HORRIGAN 246208 0 29241 0 4967 0 28960 0 22254 0 331630 0 0 0 JONATHAN GRANT 0 187715 0 0 0 0 0 15017 0 912 0 203644 0 0 ARTHUR L KELLERMANN 278878 0 64171 0 20286 0 28960 0 28007 0 420302 0 0 0 ADELE R PALMER 237820 0 41629 0 271 0 28960 0 13126 0 321806 0 0 0 DEBRA S KNOPMAN 229153 0 14698 0 2190 0 28960 0 24656 0 299657 0 0 0 LINDSEY C KOZBERG 245600 0 22227 0 657 0 24060 0 8697 0 301241 0 0 0 SUSAN L MARQUIS 239168 0 71094 0 811 0 28960 0 21465 0 361498 0 0 0 CHARLES P RIES 154691 0 0 0 2446 0 16500 0 4318 0 177955 0 0 0 K JACK RILEY 218931 0 17481 0 1692 0 27886 0 8032 0 274022 0 0 0 MELISSA K ROWE 152949 0 17905 0 0 0 15100 0 668 0 186622 0 0 0 DEBRA L SCHROEDER 227104 0 23017 0 512 0 24927 0 15703 0 291263 0 0 0 SIDDHARTHA DALAL 281135 0 72786 0 3490 0 28960 0 21953 0 408324 0 0 0 ARIE KAPTEYN 334578 0 24076 0 5383 0 28960 0 9287 0 402284 0 0 0 BRUCE R NARDULLI 177895 0 50145 0 108543 0 27178 0 15569 0 379330 0 0 0 C RICHARD NEU 229449 0 12541 0 83507 0 28960 0 8839 0 363296 0 0 0 OBAIDULLAH YOUNOSSI 164375 0 13613 0 160511 0 20306 0 21914 0 380719 0 0 0 ROBERT H BROOK 151750 0 10210 0 4953 0 18728 0 25480 0 211121 0 0 0 NATALIE W CRAWFORD 215843 0 0 0 3399 0 25354 0 13731 0 258327 0 0 0 JEFFREY A ISAACSON 100403 0 0 0 4709 0 11335 0 9882 0 126329 0 0 0 THOMAS L MCNAUGHER 114506 0 0 0 10997 0 12090 0 308 0 137901 0 0 0 SUPPLEMENTAL COMPENSATION INFORMATION SCHEDULE J, PART I, LINE 1A RAND PROVIDES ADDITIONAL BENEFITS TO EMPLOYEES IN CONSIDERATION OF CERTAIN INTERNATIONAL ASSIGNMENTS, SUCH AS TAX INDEMNIFICATIONS AND HOUSING ALLOWANCES. BENEFITS ARE TAXABLE AND THUS REPORTED AS INCOME BY THE INDIVIDUAL. THESE BENEFITS ARE DETAILED IN AN EXPATRIATE AGREEMENT SIGNED BY THE INDIVIDUALS. TRAVEL IS AUTHORIZED FOR SPOUSES OF TRUSTEES AND OFFICERS TWICE A YEAR FOR THE BOARD OF TRUSTEE MEETINGS. ALL SUCH TRAVEL EXPENSES ARE INCLUDED IN INCOME. SCHEDULE J, PART I, LINE 4B IN FY12, JAMES THOMSON AND MICHAEL RICH PARTICIPATED IN A 457(F) PLAN. THE 457(F) PLAN HAD TWO PARTICIPANTS UNTIL NOVEMBER 2011 WHEN JAMES THOMSON RETIRED AS PRESIDENT AND CEO. MICHAEL RICH ASSUMED THIS ROLE AND DID NOT APPOINT AN EXECUTIVE VICE PRESIDENT, LEAVING MICHAEL RICH THE ONLY MEMBER TO THE 457(F) PLAN AS OF NOVEMBER 2011. PAYMENTS FROM THE PLAN INCLUDED IN SCHEDULE J WERE $46,911 FOR THOMSON AND $16,623 FOR RICH. THE ORGANIZATION'S NONQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) PROVIDES AN UNFUNDED BENEFIT DETERMINED BY A FORMULA DRIVEN BY COMPENSATION, CONTINOUS SERVICE AND AGE. THE BENEFIT IS PAID IMMEDIATELY AFTER THE END OF THE CALENDAR YEAR. THE MAXIMUM DEFERRAL AMOUNT UNDER SECTION 457(B), $17,000 FOR CY11, IS DEPOSITED INTO A RABBI TRUST HELD BY TIAA-CREF (CUSTODIAN), WHICH ALLOWS THE EXECUTIVES TO DIRECT HOW THE BENEFITS WILL BE INVESTED WITHIN THEIR NONQUALIFIED RETIREMENT ACCOUNTS. THE REMAINDER ACCOUNTS, AS DISCLOSED ABOVE, ARE PAID DIRECTLY TO THE PARTICIPANT(S) AND WILL BE INCLUDED AS PART OF W-2 EARNINGS UNDER SECTION 457(F). SCHEDULE J, PART I, LINE 7 AS NOTED IN SCHEDULE O, PART OF THE BONUS PROVIDED TO PARTICIPANTS OF THE VARIABLE COMPENSATION PROGRAM IS DISCRETIONARY. A PREDETERMINED PERCENTAGE OF THE VARIABLE PAY MAY BE AWARDED AT THE DISCRETION OF THE CEO. THE VARIABLE COMPENSATION PROGRAM IS CONTINGENT ON WHETHER CERTAIN GOALS ARE ACHIEVED, INCLUDING CORPORATE FINANCIAL AND STRATEGIC ACHIEVEMENTS AS WELL AS INDIVIDUAL GOALS. THE CEO, CFO, UNIT AND DEPARTMENT HEADS, AND OTHERS PARTICIPATE IN THE PROGRAM. AN ANNUAL REVIEW PROCESS, INCLUDING REVIEW BY THE EXECUTIVE COMMITTEE OR COMPENSATION COMMITTEE, HELPS ENSURE THAT GOAL MEASUREMENT IS VALIDATED AND PAYOUTS ARE IN ACCORDANCE WITH THE PROGRAM. SCHEDULE J, PART II, COLUMN B(III) BRUCE NARDULLI, CARL NEU AND OBAIDULLAH YOUNOSSI HAD EXPATRIATE AGREEMENTS DURING FY12. BENEFITS FROM SUCH AGREEMENTS ARE TAXABLE AND CONVEYED AS OTHER REPORTABLE COMPENSATION. SCHEDULE J, PART II, COLUMN C THROUGH NOVEMBER 2011, THE CEO HAD THE RIGHT TO RECEIVE A SEVERANCE PAYMENT, DETERMINED BY A PRE-SET FORMULA, UPON HIS TERMINATION OF EMPLOYMENT AT RAND, IF HIS ENTITLEMENT TO THE SEVERANCE PAYMENT HAD NOT BEEN AMENDED OR TERMINATED BY THE COMPENSATION COMMITTEE OF THE RAND BOARD OF TRUSTEES (WHICH THE COMMITTEE MAY DO IN ITS SOLE DISCRETION), AND IF AT THE TIME OF TERMINATION THE COMPENSATION COMMITTEE DETERMINED THAT THE CEO WAS IN GOOD STANDING. IN OCTOBER 2011, THE PRESIDENT AND CEO, JAMES THOMSON, RETIRED, AND IN NOVEMBER 2011, A SEVERANCE PAYMENT OF $661,542 WAS GRANTED BY THE BOARD AND PAID IN EARLY CALENDAR YEAR (CY) 2012. THE PAYMENT WILL BE REPORTED IN RAND'S FY13 FORM 990 FILING NEXT YEAR (WHICH REQUIRES RAND TO REPORT WITHIN IT COMPENSATION FOR CY12). THE TOTAL AMOUNT OF THE CEO'S SEVERANCE IF HE HAD TERMINATED EMPLOYMENT AT THE END OF CALENDAR YEAR 2010 WOULD HAVE BEEN $610,823. THE DIFFERENCE BETWEEN THE ACTUAL SEVERANCE PAYMENT (AS CALCULATED AT THE END OF CALENDAR YEAR 2011) AND THE CALENDAR YEAR 2010 ESTIMATED SEVERANCE PAYMENT ($50,719) IS INCLUDED IN DEFERRED COMPENSATION OF SCHEDULE J IN THIS FY12 FORM 990. ALSO IN NOVEMBER 2011, THE SEVERANCE PLAN WAS DISCONTINUED. CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT PLAN 630304653 13033WK51 2008-05-13 34975000 SEE PART VI false false false CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT PLAN 630304653 13033WK69 2008-06-02 93565000 SEE PART VI false false false 0 0 34975000 0 0 0 0 0 0 0 0 0 2004 true false true true 0 0 96565000 0 0 0 1035000 0 0 0 0 0 2004 true false true true 0 0 false true true DEUTSCHE BANK 34.5 false false false 0 false false false true true BARCLAYS 34.7 false false false 0 false false X PLEASE REFER TO PURPOSE OF BOND ISSUES ON SCHEDULE O. 0 DAVID LOUGHRAN SEE PART V 101512 COMPENSATION false BUSINESS TRANSACTIONS WITH INTERESTED PERSONS FORM 990, SCHEDULE L, PART IV DAVID LOUGHRAN IS THE SPOUSE OF MELISSA K. ROWE, AN OFFICER OF RAND CORPORATION. PROGRAM SERVICE ACCOMPLISHMENTS PART III, LINE 4A RAND IS A PUBLIC CHARITY AND AS SUCH RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM THE GOVERNMENT AND THE GENERAL PUBLIC (SEE ALSO SCHEDULE A). THIS SUPPORT IS NOT CONSIDERED PROGRAM SERVICE REVENUE AS DEFINED BY THE IRS AND THUS NOT REPORTED ON PART III, LINE 4A. HOWEVER, LIKE ALL PUBLIC CHARITIES, THIS SUPPORT IS USED TO FUND RAND'S PROGRAM SERVICE EXPENSES WHICH ARE REPORTED ON PART III, LINE 4A. ORGANIZATION'S GOVERNING BODY PROCEDURES FOR FORM 990 REVIEW PART VI, SECTION B, LINE 11B RAND SUMMARIZES THE INFORMATION TO BE INCLUDED ON THE FORM 990 AND PROVIDES THE SUPPORT TO A THIRD-PARTY TAX FIRM SO THAT A DRAFT RETURN CAN BE COMPILED. THIS FIRM PROVIDES TAX GUIDANCE THROUGHOUT THE YEAR IN ADDITION TO PROVIDING GUIDANCE ON RETURN PREPARATION. ONCE THE DRAFT FORM 990 IS COMPILED, IT IS REVIEWED BY VARIOUS LEVELS OF MANAGEMENT WITHIN RAND, INCLUDING THE CFO. THE RAND BOARD OF TRUSTEES HAS DELEGATED TO THE AUDIT COMMITTEE THE RESPONSIBILITY FOR THE OVERSIGHT OF THE FORM 990. THEREFORE, ONCE THE FORM 990 IS FINALIZED, IT IS THOROUGHLY REVIEWED BY THE AUDIT COMMITTEE (ALONG WITH THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS) AT A MEETING IN JANUARY AND APPROVED FOR RELEASE. THE FORM 990 IS SUBMITTED TO THE IRS IN FEBRUARY. WRITTEN CONFLICT OF INTEREST POLICY ENFORCEMENT PART VI, SECTION B, LINE 12A NEW STAFF MEMBERS RECEIVE A BOOKLET CONTAINING INSTITUTIONAL PRINCIPLES, CONFLICT OF INTEREST, QUALITY ASSURANCE AND OTHER ESSENTIAL POLICIES. CONFLICT OF INTEREST, CORPORATE INTEGRITY, INSTITUTIONAL PRINCIPLES AND ETHICS POLICIES ARE POSTED PROMINENTLY ON RAND'S INTRANET. CEO VIDEO ON INSTITUTIONAL PRINCIPLES AND EXECUTIVE VICE PRESIDENT VIDEO ON CONFLICT OF INTEREST ARE POSTED ON THE INTRANET AND ARE REQUIRED VIEWING ON A PERIODIC BASIS FOR ALL RAND STAFF. PERSPECTIVE TRUSTEES ADVISE KEY MANAGEMENT OF ANY POSSIBLE CONFLICTS OF INTEREST BEFORE JOINING THE BOARD OF TRUSTEES. MOREOVER, ON AN ANNUAL BASIS EACH TRUSTEE IS ASKED BY THE CHIEF FINANCIAL OFFICER TO PROVIDE A LIST OF AFFILIATIONS IN WRITING THAT MAY RAISE A CONFLICT OF INTEREST ISSUE AND SIGN THE PRINCIPLES OF CONDUCT STATEMENT WHICH ASSERTS THAT THEY WOULD DISQUALIFY THEMSELVES FROM PARTICIPATING IN ANY RAND MATTERS IN WHICH THEY BELIEVE MAY GIVE RISE TO A POSSIBLE CONFLICT OF INTEREST. RAND MAINTAINS A FORMAL RECORD OF ALL INSTANCES WHERE TRUSTEES RECUSE THEMSELVES BECAUSE OF A POSSIBLE CONFLICT OF INTEREST. ADDITIONALLY, RAND'S GENERAL COUNSEL HAS EACH OFFICER COMPLETE AND SIGN AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. BY SIGNING THE FORM EACH OFFICER AGREES TO INFORM RAND IF ANY CIRCUMSTANCES CHANGE THAT WOULD MODIFY THE RESPONSES. FINALLY, ALL RAND OFFICERS AND TRUSTEES ARE ASKED TO COMPLETE AN ANNUAL RELATED PARTY QUESTIONNAIRE, SENT BY RAND'S CFO ORGANIZATION TO SUPPORT RAND'S RESPONSES TO CERTAIN QUESTIONS ON THE FORM 990. THIS QUESTIONNAIRE, WHICH IS REVIEWED BY VARIOUS LEVELS OF MANAGEMENT, SEEKS TO IDENTIFY FAMILY AND BUSINESS RELATIONSHIPS AMONGST THE TRUSTEES AND OFFICERS AND REPRESENTS ANOTHER OPPORTUNITY OTHER THAN THE ABOVE FOR POTENTIAL CONFLICTS TO BE IDENTIFIED. PER THE AUDIT COMMITTEE CHARTER, CORPORATE INTEGRITY PROGRAM AND CONFLICT OF INTEREST POLICY IS REVIEWED PERIODICALLY WITH THE AUDIT COMMITTEE. THE CONFLICT OF INTEREST POLICY WAS FORMALLY REVIEWED AND LAST APPROVED BY THE AUDIT COMMITTEE IN NOVEMBER 2011. WRITTEN WHISTLEBLOWER POLICY PART VI, SECTION B, LINE 13 RAND HAS A WHISTLEBLOWER POLICY. THE AUDIT COMMITTEE REVIEWED AND APPROVED THE POLICY IN APRIL 2012. WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY PART VI, SECTION B, LINE 14 RAND HAS A DOCUMENT RETENTION AND DISPOSITION POLICY. IT WAS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE IN APRIL 2012. DETERMINATION OF COMPENSATION FOR CEO, EXEC DIRECTOR & TOP MANAGEMENT PART VI, SECTION B, LINE 15A THE EXECUTIVE COMPENSATION COMMITTEE CONDUCTS ANNUAL PERFORMANCE REVIEWS FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER AND THE SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER. AS PART OF THE YEARLY EVALUATION, THE COMMITTEE REVIEWS MARKET DATA FROM SEVERAL SALARY SURVEYS AND EMPLOYS AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW FOR REASONABLENESS. THE COMMITTEE RECOMMENDS SALARY INCREASES AND DISCRETIONARY AMOUNTS OF THE VARIABLE COMPENSATION PROGRAM FOR THE UPCOMING YEAR TO THE BOARD OF TRUSTEES WHO MAKES THE FINAL DECISION FOR THESE OFFICERS' COMPENSATION. THE EXECUTIVE COMPENSATION COMMITTEE CONDUCTS THE REVIEW IN THE FALL AND DOCUMENTS THE REVIEW IN COMMITTEE MINUTES WHICH ARE THEN APPROVED AT THE NEXT MEETING. RAISES ARE EFFECTIVE IN FEBRUARY. DETERMINATION OF COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES PART VI, SECTION B, LINE 15B THE PRESIDENT AND CHIEF EXECUTIVE OFFICER REVIEWS THE COMPENSATION FOR OFFICERS AND OTHER RESEARCH HEADS, OTHER THAN THOSE MENTIONED IN PART VI-B, #15A. HE PUTS FORTH SALARY INCREASE SUGGESTIONS AFTER EXAMINING PERFORMANCE, SALARY SURVEYS, AND BENCHMARK STUDIES. THE SALARY INCREASES FOR KEY EMPLOYEES WITHIN THE RESEARCH GROUP ARE SUGGESTED BY THE GLOBAL RESEARCH TALENT VICE PRESIDENT. BOTH SETS OF RECOMMENDATIONS ARE GIVEN TO THE EXECUTIVE COMPENSATION COMMITTEE, WHICH ULTIMATELY DECIDES ON THE SALARY INCREASES EACH YEAR. PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS AND POLICIES PART VI, SECTION C, LINE 19 THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON RAND'S EXTERNAL WEBSITE: WWW.RAND.ORG. MOREOVER, THIS INFORMATION, AS WELL AS RAND'S GOVERNING DOCUMENTS AND FORM 990, IS AVAILABLE UPON REQUEST AND AT THE SANTA MONICA OFFICE. FURTHER, THIS INFORMATION HAS BEEN SUBMITTED TO SEVERAL STATES AND GOVERNMENT AGENCIES AS PART OF VARIOUS REGISTRATION PROCESSES AND IS AVAILABLE ON THOSE ORGANIZATIONS' WEBSITES. AVERAGE HOURS DEVOTED TO RELATED ORGANIZATION PART VII, SECTION A, COLUMN B JONATHAN GRANT, RAND EUROPE PRESIDENT, IS PAID FROM THE RELATED ORGANIZATION AND HAS ONE HOUR ALLOCATED AS AN OFFICER OF THE RAND CORPORATION. HIS AVERAGE HOURS FOR HIS DUTIES AS RAND EUROPE PRESIDENT ARE 40.00 HOURS. OTHER CHANGES IN NET ASSETS PART XI, LINE 5 CHANGES IN FMV OF DERIVATIVES $( 446,983) ADJUSTMENT TO POST RETIREMENT LIABILITY $ 899,600 UNREALIZED GAIN ON INVESTMENTS $ 14,519,018 ROUNDING ADJUSTMENT $( 2,182) ------------- TOTAL $ 14,969,453 PURPOSE OF BOND ISSUES SCHEDULE K, PART I, LINE 1, COLUMN (F) SERIES 2008A BONDS REFUNDED SERIES 2007 BONDS, WHICH THEMSELVES REFUNDED SERIES 2002A BONDS. THE SERIES 2008A BONDS WERE ISSUED ON 5/13/2008. THE SERIES 2002A BONDS WERE ISSUED ON 7/2/2002. SERIES 2008B BONDS REFUNDED SERIES 2002B BONDS. THE SERIES 2008B BONDS WERE ISSUED ON 6/2/2008. THE 2002B BONDS WERE ALSO ISSUED ON 7/2/2002. PER IRS GUIDANCE CONTAINED IN THE FORM 990 SCHEDULE K INSTRUCTIONS, ORGANIZATIONS WHO HAVE OUTSTANDING BONDS (OVER $100,000) ISSUED AFTER 12/31/2002 MUST FILE A SCHEDULE K. RAND THEREFORE FILES A SCHEDULE K DUE TO ITS OUTSTANDING 2008A AND 2008B BONDS. HOWEVER, ORGANIZATIONS REPORTING ON BONDS ISSUED AFTER 12/31/2002 BUT WHICH REFUNDED BONDS ISSUED PRIOR TO 12/31/2002 (WHETHER DIRECTLY OR THROUGH A SERIES OF REFUNDINGS) DO NOT REPORT INFORMATION IN PART III (PRIVATE BUSINESS USE) OF SCHEDULE K. RAND THEREFORE DOES NOT REPORT INFORMATION IN PART III OF SCHEDULE K. RAND CORPORATION ENDOWMENT TRUST 400 HOWARD STREET SAN FRANCISCO CA 94105 336357131 INVESTMENTS CA 595190 32809898 RAND CORP RAND Europe (UK) Westbrook Centre Milton Road Cambridge, CB4 1YG UK Policy Rsrch UK N/A N/A RAND CORP true RAND Retiree Medical Benefit Plan 1776 Main Street PO Box 2138 Santa Monica CA 90407 954496399 FUND SUPPORT CA 501(C)(9) N/A RAND CORP true Rand Europe Community Interest Company I McEwan Westbrook Centre Milton Rd Cambridge, CB4 1YG UK Consultancy SRVCS UK Rand Corp C Corp 11887519 2169603 1.00000 true false false false false false false false false false false false false false false false true true RAND EUROPE (UK) a-i 65524 ACCRUAL METHOD RAND EUROPE COMMUNITY INTEREST COMPANY a-i 22235 ACCRUAL METHOD RAND RETIREE MEDICAL BENEFIT PLAN q 2346174 ACCRUAL METHOD RAND RETIREE MEDICAL BENEFIT PLAN r 1135018 ACCRUAL METHOD