2013-05-13T10:34:37-05:00 2012-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2011-07-01 131740451 FORDHAM UNIVERSITY % FRANK SIMIO FORD 7188171000 CONTROLLERS OFFICE 441 E FORDHAM BRONX NY 104585170 FRANK SIMIO 7188174975 2013-05-13 true KPMG LLP 2127589700 2011 2016-02-24 21:20:13Z JOSEPH M MCSHANE SJ 441 EAST FORDHAM ROAD BRONX NY 104585170 928118262 false X WWW.FORDHAM.EDU X 1841 NY TO PROVIDE HIGHEST QUALITY EDUCATION TO UNDERGRADUATE AND GRADUATE STUDENTS IN THE JESUIT TRADITION. 38 36 7311 745 264042 -11302 99223840 66134536 553739013 581190384 146965061 111574310 388147 424516 800316061 759323746 121611246 128211881 0 0 290984520 309290723 519776 289947 13314288 180845019 187165795 593960561 624958346 206355500 134365400 1579660908 1655596511 590418089 606265625 989242819 1049330886 X FORDHAM UNIVERSITY IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION OF THE HIGHEST QUALITY. 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THROUGH THE 3RD CENTURY A.D. THE COLLECTION SPANS SEVERAL PERIODS - MYCENAEAN, VILLANOVAN, CLASSICAL GREECE, GEOMETRICAL, ARCHAIC ROMAN, IMPERIAL ROMAN, REPUBLICAN, ETRUSCAN, AND SOUTH ITALIAN. THERE ARE RED-FIGURE AND RED-AND-BLACK-FIGURE CERAMICS, AND THE SHINY BLACK ETRUSCAN POTTERY KNOWN AS BUCCHERO. THERE IS AN ARRAY OF SCULPTURE AND TERRA COTTA HEADS, AMONG THE ITEMS ON DISPLAY ARE: -A TERRACOTTA PATERA (SHALLOW BOWL) WITH KNOB HANDLES, CA. 340 B.C.; -A KYLIX (DRINKING CUP WITH TWO HANDLES), ATTRIBUTED TO THE PAINTER OF BERLIN 2268, A VASE PAINTER OF THE LATE SIXTH CENTURY B.C.; -A PORTRAIT OF JULIA AQUILIA SEVERA, THE SECOND AND FOURTH WIFE OF EMPEROR ELAGABALUS, A.D. 220-222; AND -A PORTRAIT OF THE EMPEROR HADRIAN FROM THE SECOND CENTURY A.D. THE MUSEUM, WHICH IS FREE OF CHARGE, IS OPEN TO THE GENERAL PUBLIC. THE PUBLIC DISPLAY OF ARTIFACTS IS ANOTHER FORM OF EDUCATION AND IS CORE TO THE JESUIT TRADITION. PART V, LINE 4 USE OF ENDOWMENT FUNDS FORDHAM UNIVERSITY'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT FINANCIAL ASSISTANCE FOR STUDENTS, TO FUND ADDING NEW AND CUTTING EDGE PROGRAMS WHILE MAINTAINING AND IMPROVING EXISTING ONES, AND TO IMPROVE AND MAINTAIN THE CAMPUS TO MEET THE NEEDS OF THE UNIVERSITY COMMUNITY. PART X, LINE 2 FIN 48 FOOTNOTE IT WAS DETERMINED THAT FIN 48 HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS FOR THE JUNE 30, 2012 YEAR, AND THEREFORE THE FINANCIAL STATEMENTS DID NOT INCLUDE A FIN 48 FOOTNOTE. PART XI, LINE 8 OTHER ADJUSTMENTS CHANGE IN VALUE OF INTEREST RATE SWAP -10,361,917. LOSS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC BENEFIT COST -9,386,000 UNREALIZED CHANGE IN VALUE OF PERPETUAL TRUST -345,000 EXPENSES OF AFFILIATE -732,559 ADJUSTMENT TO CONTRIBUTIONS RECEIVABLE -15,852,709 PRIOR PERIOD ADJ FOR EXPENSES OF AFFILIATE -84,761 ---------- TOTAL TO SCHEDULE D, PART XI, LINE 8 -36,762,946 PART XII, LINE 2D OTHER ADJUSTMENTS FINANCIAL AID EXPENSE -128,211,881 TRAVEL TOUR EXPENSE -1,599 -------------- -128,213,480 PART XII, LINE 4B OTHER ADJUSTMENTS SPECIAL EVENT EXPENSES -795,877 COST OF LINCOLN CENTER PROPERTY SOLD -216,098 ----------- TOTAL TO SCHEDULE D, PART XII, LINE 4B -1,011,975 PART XIII, LINE 2D OTHER ADJUSTMENTS SPECIAL EVENT EXPENSES 795,877 COST OF LINCOLN CENTER PROPERTY SOLD 216,098 EXPENSES OF AFFILIATE 732,559 ----------- TOTAL TO SCHEDULE D, PART XIII, LINE 2D 1,744,534 PART XIII, LINE 4B OTHER ADJUSTMENTS FINANCIAL AID EXPENSE 128,211,881 TRAVEL TOUR EXPENSE 1,599 ------------- 128,213,480 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 NONDISCRIMINATION POLICY THE UNIVERSITY INCLUDED A STATEMENT OF ITS POLICY ON RACIAL NONDISCRIMINATION TOWARD STUDENTS IN ALL ITS NEWSPAPERS AND BROADCAST SOLICITATIONS FOR STUDENTS. SCHEDULE E, LINE 6 EXPLANATION OF GOVERNMENT FINANCIAL AID THE UNIVERSITY RECEIVES RESEARCH, TRAINING, AND STUDENT GRANTS FROM THE NATIONAL SCIENCE FOUNDATION, THE DEPARTMENT OF HEALTH AND HUMAN SERVICES, THE DEPARTMENT OF EDUCATION, THE DEPARTMENT OF AGRICULTURE, AND VARIOUS OTHER AGENCIES INCLUDING ONES FROM THE STATE OF NEW YORK AND THE CITY OF NEW YORK. 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THE UNIVERSITY IS PARTICULARLY COMMITTED TO DO ALL WE CAN TO ALLEVIATE THE IMPACT OF THE ECONOMIC DOWNTURN ON STUDENTS AND THEIR FAMILIES. FORDHAM'S FINANCIAL AID DEPARTMENT WORKS WITH STUDENTS TO HELP THEM DEVISE A PLAN TO FUND THEIR EDUCATION. ASSISTANCE MAY INCLUDE A COMBINATION OF GRANTS, LOANS AND PAYMENT PLANS DEPENDING ON INDIVIDUAL CIRCUMSTANCES AND RESOURCES. SCHOLARSHIP GRANTS ARE AWARDED ON THE BASIS OF FINANCIAL NEED AND/OR SCHOLASTIC ACHIEVEMENT, AND ON A NON-DISCRIMINATORY BASIS. STUDENTS MUST COMPLETE CERTAIN QUESTIONNAIRES AND APPLICATIONS TO DEMONSTRATE THEIR QUALIFICATION FOR VARIOUS TYPES OF FEDERAL, STATE, LOCAL, AND INSTITUTIONAL FINANCIAL ASSISTANCE. THE VARIOUS FINANCIAL ASSISTANCE PROGRAMS HAVE PARTICULAR REQUIREMENTS FOR SELECTION CRITERIA AND MONITORING THE USE OF GRANT FUNDS, SUCH AS UNDER OMB CIRCULAR NO. A-133. THESE REQUIREMENTS MAY INCLUDE A MINIMUM COURSE LOAD, DEMONSTRATED ACADEMIC PROGRESS, AND OTHER SIMILAR REQUIREMENTS. 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JOHN LORDAN - MORTGAGE X 450000 300000 false false true STEPHEN FREEDMAN - MORTGAGE X 1637500 837500 false false true 1137500 GAMCO INVESTORS INC SEE SCHEDULE L, PART V 199958 SEE SCHEDULE L, PART V false SCHEDULE L, PART II LOANS TO AND FROM INTERESTED PERSONS (A) NAME OF PERSON: JOHN LORDAN (A) PURPOSE OF LOAN: MORTGAGE (A) NAME OF PERSON: STEPHEN FREEDMAN (A) PURPOSE OF LOAN: MORTGAGE SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (A) NAME OF PERSON: GAMCO INVESTORS, INC. AND REGINA PITARO (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: REGINA PITARO IS A TRUSTEE OF THE UNIVERSITY AND MANAGING DIRECTOR OF GAMCO INVESTORS, INC., AN OUTSIDE INVESTMENT MANAGEMENT COMPANY. (C) AMOUNT OF TRANSACTION: $199,958 (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY HAS ENGAGED GAMCO INVESTORS, INC SINCE JULY 2000 TO MANAGE ONE OF OUR INVESTMENT FUNDS IN ACCORDANCE WITH UNIVERSITY'S INVESTMENT POLICY, WHICH IS APPROVED BY THE UNIVERSITY'S INVESTMENT COMMITTEE. THE INVESTMENT COMMITTEE PERFORMED A THOROUGH REVIEW OF SEVERAL CANDIDATES, AND DETERMINED THAT GAMCO INVESTORS, INC. WAS THE BEST CHOICE. REGINA PITARO, MANAGING DIRECTOR OF GAMCO INVESTORS, INC., WAS ELECTED TO THE UNIVERSITY'S BOARD OF TRUSTEES IN THE JUNE 30, 2007 YEAR AND CONTINUED TO SERVE DURING THE JUNE 30, 2012 YEAR. THE UNIVERSITY NOMINANCE AND GOVERNANCE COMMITTEE AND THE FULL BOARD OF DIRECTORS WERE MADE AWARE OF THE CONFLICT PRIOR TO HER APPOINTMENT AS TRUSTEE, AND THE UNIVERSITY HANDLES ALL RELATED MATTERS CONSISTENTLY WITH ITS CONFLICT OF INTEREST POLICY. MS. PITARO IS NOT A MEMBER OF THE INVESTMENT COMMITTEE, WHICH ADVISES THE BOARD OF TRUSTEES ON ALL INVESTMENT STRATEGIES AND RELATED DECISIONS AND SHE RECUSES HERSELF FROM ALL INVESTMENT DISCUSSIONS AT THE BOARD LEVEL. (E) SHARING OF ORGANIZATION REVENUES: NO X 1 55000 FMV X 23 446758 MARKET QUOTATION X ANNUITIES 9 1867312 MARKET QUOTATION X EQUIPMENT 2 55397 COST false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS THE AMOUNT LISTED IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 1 ORGANIZATIONS MISSION THE MISSION OF THE UNIVERSITY: FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION OF THE HIGHEST QUALITY. GUIDED BY ITS CATHOLIC AND JESUIT TRADITIONS, FORDHAM FOSTERS THE INTELLECTUAL, MORAL AND RELIGIOUS DEVELOPMENT OF ITS STUDENTS AND PREPARES THEM FOR LEADERSHIP IN A GLOBAL SOCIETY. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP PETER STACE, OFFICER/ VP OF ENROLLMENT, HAS A FAMILY RELATIONSHIP WITH MARGARET BALL, OFFICER/UNIVERSITY SECRETARY. FORM 990, PART VI, SECTION B, LINE 11 990 REVIEW PROCESS THE FINANCE DEPARTMENT WORKS CLOSELY WITH KPMG, LLP, THE UNIVERSITY'S INDEPENDENT ACCOUNTING FIRM, TO PREPARE FORM 990. THE FINANCE DEPARTMENT PREPARES THE INITIAL DRAFT, WHICH KPMG REVIEWS TOGETHER WITH VARIOUS SUPPORTING DOCUMENTATION. WHEN BOTH KPMG AND THE FINANCE STAFF ARE SATISFIED WITH THE FINAL DRAFT, IT IS THEN CAREFULLY REVIEWED AND EDITED BY THE CFO, VICE PRESIDENT OF FINANCE AND CONTROLLER, WHO THEN PROVIDE THE REVISED RETURN TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE BOARD OF TRUSTEES HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING THE RETURN TO THE EXECUTIVE COMMITTEE. QUESTIONS AND COMMENTS BY THE EXECUTIVE COMMITTEE ARE INCORPORATED INTO THE FORM 990 AS APPROPRIATE. A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT REQUIRES, AMONG OTHER THINGS, THAT NO INDIVIDUAL MAY PARTICIPATE IN DISCUSSION OR DECISION ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND INDIVIDUALS WHO HAVE SIGNING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTIONS BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY, AND IN ACCORDANCE WITH RELEVANT STATE CONFLICT OF INTEREST LAWS AND THE UNIVERSITY'S STATUS UNDER SECTION 501(C)(3). FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW FORDHAM'S BOARD OF TRUSTEES HAS DELEGATED RESPONSIBILITY FOR DETERMINING COMPENSATION FOR CERTAIN MEMBERS OF SENIOR MANAGEMENT TO THE BOARD'S INDEPENDENT COMPENSATION COMMITTEE. HOWEVER, THE APPROVAL OF THE FULL BOARD OF TRUSTEES IS REQUIRED FOR APPROVAL OF THE PRESIDENT'S ANNUAL SALARY. ALL TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST POLICY DISCLOSURE STATEMENT EACH YEAR. THE COMPENSATION COMMITTEE SEEKS TO ENSURE THAT EMPLOYEES ARE PAID WITHIN THE RANGE OF THE GOING MARKET RATE FOR SUCH POSITIONS AT SIMILARLY SITUATED UNIVERSITIES IN SIMILAR GEOGRAPHIC REGIONS, BY REFERENCE TO COMPENSATION SURVEYS AND OTHER INSTITUTIONS' FORM 990 RETURNS. FORDHAM KEEPS RECORDS TO DOCUMENT ITS COMPENSATION SETTING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS FORDHAM UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE CURRENTLY AVAILABLE ON THE UNIVERSITY'S WEBSITE. FORDHAM UNIVERSITY'S FORM 990 IS MADE AVAILABLE UPON REQUEST. FORDHAM UNIVERSITY'S FINANCIAL STATEMENTS MAY BE MADE AVAILABLE UPON REQUEST FROM THE FINANCE AND ACCOUNTING OFFICE. FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS NET UNREALIZED LOSSES ON INVESTMENTS -37,514,387 CHANGE IN VALUE OF INTEREST RATE SWAP -10,361,917 LOSS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC BENEFIT COST -9,386,000 UNREALIZED CHANGE IN VALUE OF PERPETUAL TRUST -345,000 EXPENSES OF AFFILIATE -732,559 ADJUSTMENT TO CONTRIBUTIONS RECEIVABLE -15,852,709 PRIOR PERIOD ADJ FOR EXPENSES OF AFFILIATE -84,761 ---------- TOTAL TO FORM 990, PART XI, LINE 5 -74,277,333 SCHEDULE K, PART I 2011 BOND ISSUE (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE: 2011 ISSUE - LAW SCHOOL BUILDING AND RESIDENCE HALL FORM 990, PART VIII, LINES 7A, 7B, AND 7C (COLUMN II) SALE OF ASSETS DURING FY2012, THE UNIVERSITY SOLD A PARCEL OF REAL PROPERTY TO A PRIVATE DEVELOPER. FORDHAM UNIVERSITY (USA) UK PROGRAM LTD 15 ST BOTOLPH STREET EC3A 7NJ LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U true FORDHAM UNIVERSITY UK CHARITABLE TRUST 15 ST BOTOLPH STREET EC3A 7NJ LONDON UK EC3A 7NJ EDUCATION UK FORDHAM U true CHARITABLE REMAINDER TRUST INVESTMENT OH NA TRUST false false false false false false false false false false false false false false true false false false FORDHAM UNIVERSITY (USA) UK PROGRAM LTD O 732559 COST