2012-05-14T10:14:42-04:00 2011-06-30 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2010-07-01 350869045 DEPAUW UNIVERSITY DEPA 7656584800 PO BOX 37 GREENCASTLE IN 46135 BRAD KELSHEIMER 7656584161 2012-05-15 true 3173834000 2010 2016-02-24 21:20:13Z BRIAN W CASEY PRESIDENT 313 S LOCUST STREET PO BOX 37 GREENCASTLE IN 46135 227846271 false X WWW.DEPAUW.EDU X 1837 IN DEPAUW UNIVERSITY IS NATIONALLY RECOGNIZED FOR PROVIDING A SET OF EXCEPTIONAL COLLEGE EXPERIENCES MARKED BY INTELLECTUAL RIGOR AND SHAPED BY A DYNAMIC FACULTY. 35 35 2111 149 1702848 -429173 14463440 19268473 88039560 94012105 15042508 28161832 4346757 5598302 121892265 147040712 42922221 45462302 0 0 51068736 51206192 0 0 3931927 42525934 47887837 136516891 144556331 -14624626 2484381 713829643 777482718 185341137 181686224 528488506 595796494 DEPAUW UNIVERSITY, A RESIDENTIAL LIBERAL ARTS COLLEGE WITH A SCHOOL OF MUSIC, COMBINES A CHALLENGING ACADEMIC EXPERIENCE, WITH A VIBRANT CAMPUS CULTURE KNOWN FOR DEVELOPING AND PREPARING ITS GRADUATES FOR A LIFETIME OF LEADERSHIP AND SUCCESS. false false 128090083 45462302 95651803 DEPAUW UNIVERSITY IS A RESIDENTIAL LIBERAL ARTS COLLEGE WITH A SCHOOL OF MUSIC WHICH SERVES APPROXIMATELY 2,300 STUDENTS. DEPAUW PROVIDES A SET OF EXCEPTIONAL COLLEGE EXPERIENCES MARKED BY INTELLECTUAL RIGOR AND SHAPED BY A DYNAMIC FACULTY. THESE EXPERIENCES ARE FURTHER ENHANCED BY AN ENGAGING RESIDENTIAL CAMPUS COMMUNITY AND A BREADTH AND DEPTH OF PERSPECTIVES INSIDE AND OUTSIDE OF THE CLASSROOM. FOR NEARLY 175 YEARS, A DEPAUW EDUCATION HAS PROVIDED STUDENTS WITH A SOLID FOUNDATION FOR A LIFETIME OF LIVING, LEARNING AND ACHIEVING UNCOMMON SUCCESS IN A WIDE VARIETY OF FIELDS AROUND THE NATION AND THE WORLD. 128090083 true true false false false false true false true true true false false true false true false true false true false false false false false false false true true true false false false false false false false false false false true false false false false false false false false false true 503 0 true 2111 true true true true EI false false false false false false false false X 35 35 true false false false false false false true true false false false true true true true true true true false IN X X BRAD KELSHEIMER 7656584161 313 S LOCUST STREET GREENCASTLE IN 46135 X LISA HENDERSON BENNETT 1.0 X 0 0 0 THOMAS W BOSWELL 1.0 X 0 0 0 SALLY G COWAL 1.0 X 0 0 0 BISHOP MICHAEL J COYNER 1.0 X 0 0 0 NEWTON F CRENSHAW 1.0 X 0 0 0 MARLETTA DARNALL 1.0 X 0 0 0 MATTHEW S DARNALL 1.0 X 0 0 0 JANE L EMISON 1.0 X 0 0 0 MARVIN E FLEWELLEN 1.0 X 0 0 0 JAMIE R GATES 1.0 X 0 0 0 ADAM M GILBERT 1.0 X 0 0 0 JUDSON C GREEN 1.0 X 0 0 0 MAX W HITTLE JR 1.0 X 0 0 0 R DAVID HOOVER 1.0 X 0 0 0 KATHRYN HUBBARD 1.0 X 0 0 0 MATTHEW R JENNINGS 1.0 X 0 0 0 JANET L JOHNS 1.0 X 0 0 0 KYLE E LANHAM 1.0 X 0 0 0 G RICHARD LOCKE III MD 1.0 X 0 0 0 ERIK G NELSON 1.0 X 0 0 0 MYRTA PULLIAM 1.0 X 0 0 0 MARSHALL W REAVIS IV 1.0 X 0 0 0 BLAIR A RIETH JR 1.0 X 0 0 0 DARLENE M RYAN 1.0 X 0 0 0 DOUGLAS I SMITH 1.0 X 0 0 0 JAMES G STEWART 1.0 X 0 0 0 R CLAY TAYLOR 1.0 X 0 0 0 LEE E TENZER 1.0 X 0 0 0 STEVEN L TRULASKE 1.0 X X 0 0 0 KATHY P VRABECK 1.0 X 0 0 0 SARAH R WALLACE 1.0 X 0 0 0 BAYARD H WALTERS 1.0 X 0 0 0 M SCOTT WELCH 1.0 X 0 0 0 ROBERT F WELLS 1.0 X 0 0 0 R LEE WILSON 1.0 X 0 0 0 BRIAN W CASEY 40.0 X 384365 0 84310 LISA A HOLLANDER 40.0 X 222985 0 32083 CYNTHIA A BABINGTON 40.0 X 142359 0 30453 CHRISTOPHER J WELLS 40.0 X 170501 0 34192 DAVID T HARVEY 40.0 X 138296 0 20130 BRADLEY A KELSHEIMER 40.0 X 192598 0 34841 DANIEL L MEYER 40.0 X 149621 0 27999 MARCIA LATTA - HIRED 22011 40.0 X 0 0 0 MICHAEL MAINE 1.0 X 0 0 0 PAMELA J COBURN 20.0 X 162141 0 0 GARY D LEMON 40.0 X 140441 0 27570 ROBERT M STEELE 40.0 X 172193 0 29994 CAROL L SMITH 40.0 X 137061 0 23940 SCOTT A RIPPLE 40.0 X 123320 0 16957 2135881 0 362469 33 false true false SODEXO INC AND AFFILIATES 9801 WASHINGTON BOULEVARD GAITHERSBURG MD 20878 FOOD SERVICE 4323162 GH PARTNERS LLC DBA DORA HOTEL CO 10734 SKY PRAIRIE STREET FISHERS IN 46037 INN MANAGEMENT 468392 NEUSTADT CREATIVE MARKETING 100 E PENNSYLVANIA AVENUE TOWSON MD 21286 CONSULTING 351598 SEMINARS INTERNATIONAL INC 33 WEST MONROE STREET CHICAGO IL 60603 STUDENT TRAVEL 326700 ROYALL COMPANY 1920 E PARHAM ROAD RICHMOND VA 23228 CONSULTING 251383 28 481136 18787337 1479858 19268473 TUITION AND FEES 611710 81001911 81001911 AUXILIARY SERVICES 611710 13010194 13010194 94012105 7150025 63150 7086875 0 0 101817366 80805559 21011807 21011807 21011807 0 0 0 CONFERENCES & CATERING 722320 240772 240772 INN AT DEPAUW 721110 1384811 1384811 OTHER INCOME 611710 3958604 3958604 14115 14115 5598302 147040712 94012105 1702848 32057286 0 45462302 45462302 0 0 1664733 532715 815719 316299 0 36626352 31691869 3149744 1784739 3788168 3202881 355724 229563 6375240 5293699 702316 379225 2751699 2326550 258396 166753 4274299 4273891 408 163885 10086 153799 211719 211719 0 0 2644877 2644877 1595886 760112 723430 112344 230953 147010 83943 1371789 965047 342160 64582 970324 486691 483633 0 6747936 6002860 612692 132384 1956502 1698388 78982 179132 0 0 5851951 5522769 285330 43852 0 8171811 7734659 378986 58166 530974 517942 11296 1736 PROGRAMS & ACTIVITIES 6529201 6457721 59377 12103 MEMBERSHIPS 1162334 914193 245028 3113 PRINTING & PUBLICATIONS 680550 456607 131162 92781 POSTAGE & SHIPPING 527932 225438 22727 279767 OTHER EXPENSES 4264914 3406653 782873 75388 144556331 128090083 12534321 3931927 11850 126511 9302380 14738982 8449644 10109194 1673147 1730721 1926952 1619753 261724 247730 1854244 1971540 343819721 132494809 217461825 211324912 205493931 251873533 225898170 244025273 6332172 6363317 35163604 33351252 713829643 777482718 6771332 8051830 135811194 133017878 42758611 40616516 185341137 181686224 X 224462976 254090337 46725720 73313826 257299810 268392331 528488506 595796494 713829643 777482718 X 2484381 64823607 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3136141 0 0 X X X X false 435053793 6593597 87755853 25837603 2644877 500920763 425363509 3476417 34666064 23249440 3547054 1655703 435053793 544533845 2712170 -94499458 21553989 3288387 2540672 425363509 0.43070 0.51630 0.05300 true false 9942948 9942948 292801158 116334795 176466363 2355130 935733 1419397 38720485 15224281 23496204 211324912 ALT INV - PRIVATE EQUITY 101117799 ALT INV - REAL ASSETS 69574074 ALT INV - HEDGE FUNDS 73333400 244025273 0 ADVANCES FROM GRANTS HELD FOR 300487 ANNUITY & TRUST LIABILITY 13769878 ADVANCES FROM FEDERAL GOVERNME 3670970 ACCUMULATED POSTRETIREMENT BEN 22875181 40616516 147040712 144556331 2484381 55825863 8997744 64823607 67307988 154759396 55825863 55825863 98933533 2644877 45462302 48107179 147040712 96449152 96449152 2644877 45462302 48107179 144556331 EXPLANATION OF THE ORGANIZATION'S COLLECTION SCHEDULE D, PART III, QUESTION 4 THE UNIVERSITY'S COLLECTIONS INCLUDE WORKS OF ART USED FOR INSTRUCTION, SCHOLARLY RESEARCH, AND PUBLIC EXHIBITION. INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, QUESTION 4 THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS (BOARD-DESIGNATED ENDOWMENT FUNDS). AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (GAAP), NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING BOARD-DESIGNATED ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE UNIVERSITY'S GOVERNING BODY HAS INTERPRETED THE STATE OF INDIANA PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (SPMIFA) AS REQUIRING PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE UNIVERSITY CLASSIFIES A PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THEIR REMAINING PORTION OF DONOR-RESTRICTED ENDOWMENT FUNDS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE UNIVERSITY IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY SPMIFA. IN ACCORDANCE WITH SPMIFA, THE UNIVERSITY CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. DURATION AND PRESERVATION OF THE FUND 2. PURPOSES OF THE UNIVERSITY AND THE FUND 3. GENERAL ECONOMIC CONDITIONS 4. POSSIBLE EFFECT OF INFLATION AND DEFLATION 5. EXPECTED TOTAL RETURN FROM INVESTMENT INCOME AND APPRECIATION OR DEPRECIATION OF INVESTMENTS 6. OTHER RESOURCES OF THE UNIVERSITY 7. INVESTMENT POLICIES OF THE UNIVERSITY FIN 48 DISCLOSURE SCHEDULE D, PART X MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. RECONCILIATION OF CHANGE IN NET ASSETS SCHEDULE D, PART XI, QUESTION 8 GAIN ON INTEREST RATE SWAP 2,508,316 CHANGE IN POSTRETIREMENT BENEFIT OBLIGATIONS 2,898,038 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 3,591,390 --------- 8,997,744 RECONCILIATION OF CHANGE IN REVENUE & EXPENSES SCHEDULE D, PART XII & PART XIII, QUESTION 4B SCHOLARSHIPS 45,462,302 true true true true true true true false false false false false false false false true false true PUBLICATION OF THE ORGANIZATION'S RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, QUESTION 3 THE UNIVERSITY'S NONDISCRIMINATORY POLICY IS PUBLICIZED ON ITS WEBSITE AND IN MARKETING MATERIALS. FINANCIAL AID RECEIVED FROM A GOVERNMENTAL AGENCY SCHEDULE E, QUESTION 6A THE UNIVERSITY OFFERS FINANCIAL ASSISTANCE IN THE FORM OF FEDERAL AND STATE ASSISTANCE, SCHOLARSHIPS, GRANTS AND LOANS TO STUDENTS BASED UPON ACADEMIC EXCELLENCE OR FINANCIAL NEED. Europe (Including Iceland and Greenland) 0 0 Program Services EDUCATION 349186 East Asia and the Pacific 0 0 Program Services EDUCATION 132567 Central America and the Caribbean 0 0 Program Services EDUCATION 2934 South America 0 0 Program Services EDUCATION 21134 Central America and the Caribbean Investments 62501343 0 0 0 0 63007164 63007164 true false true true true false true SCHOLARSHIPS AND FINANCIAL AID 2324 45462302 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. SCHEDULE I, PART I, QUESTION 2 THE UNIVERSITY PROVIDES SCHOLARSHIPS AND FINANCIAL AID TO STUDENTS BASED ON NEED AND MERIT. THE FUNDS ARE CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. RECORDS ARE MAINTAINED IN ACCORDANCE WITH UNIVERSITY RETENTION AND DESTRUCTION POLICY. THE UNIVERSITY'S FINANCIAL AID DEPARTMENT ADHERES STRICTLY TO ALL FEDERAL AND STATE REGULATIONS AND IS SUBJECT TO THE COMPLIANCE AND INTERNAL CONTROLS OF OMB-A133, IN WHICH THEY FOLLOW ALL APPLICABLE GUIDELINES. X X X true true X X X X X false true false false false false false true false BRIAN W CASEY 272296 0 100000 0 12069 0 57100 0 27210 0 468675 0 LISA A HOLLANDER 220825 0 0 0 2160 0 18000 0 14083 0 255068 0 CYNTHIA A BABINGTON 140267 0 0 0 2092 0 11640 0 18813 0 172812 0 CHRISTOPHER J WELLS 160109 0 10000 0 392 0 13400 0 20792 0 204693 0 PAMELA J COBURN 159795 0 0 0 2346 0 0 0 0 0 162141 0 GARY D LEMON 138314 0 0 0 2127 0 11293 0 16277 0 168011 0 ROBERT M STEELE 169603 0 0 0 2590 0 14000 0 15994 0 202187 0 CAROL L SMITH 135621 0 0 0 1440 0 11240 0 12700 0 161001 0 DAVID T HARVEY 137560 0 0 0 736 0 11240 0 8890 0 158426 0 BRADLEY A KELSHEIMER 190420 0 0 0 2178 0 15800 0 19041 0 227439 0 DANIEL L MEYER 122316 0 0 0 27305 0 10333 0 17666 0 177620 0 OTHER BENEFITS SCHEDULE J, PART I, LINE 1A COLUMBIA CLUB DUES WERE PAID FOR PRESIDENT BRIAN CASEY FOR BUSINESS PURPOSES ONLY. PRESIDENT CASEY IS ALSO PROVIDED HOUSING, IN THE AMOUNT OF $16,500, CONTIGUOUS TO CAMPUS AS A CONDITION OF HIS EMPLOYMENT. THE HOUSING IS FURNISHED FOR THE CONVENIENCE OF THE UNIVERSITY AND IS THEREFORE NOT INCLUDED ON HIS W-2. PRESIDENT CASEY ALSO RECEIVED TAX PREPARATION, FINANCIAL, AND ESTATE PLANNING SERVICES, WHICH HAVE BEEN INCLUDED IN HIS W-2. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, QUESTION 4B CONTRIBUTIONS WERE MADE ON BEHALF OF PRESIDENT CASEY FOR A 457(F) PLAN IN THE AMOUNT OF $37,500. NON-FIXED PAYMENTS SCHEDULE J, PART I, QUESTION 7 PRESIDENT CASEY IS CONSIDERED FOR AN INCENTIVE BONUS EACH ACADEMIC YEAR, MEASURED BY THE ACHEIVEMENT OF ANNUAL AND STRATEGIC GOALS, AS ESTABLISHED WITH THE CHAIR OF THE BOARD OF TRUSTEES AND THE PRESIDENT AND APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE. PRESIDENT CASEY'S BONUS INCLUDES $37,500 FOR THE YEAR ENDING 6/30/2009 AND $62,500 FOR THE YEAR ENDING 6/30/2010. BOTH PAYMENTS ARE INCLUDED IN HIS 2010 CALENDAR YEAR W-2. INDIANA FINANCE AUTHORITY 351602316 455057NJ4 2008-04-30 84555000 CURRENT REFUNDING 2006 BOND false false false INDIANA FINANCE AUTHORITY 351602316 455057WG0 2009-12-01 44315803 CURRENT REFUNDING 2008 & 1999 false false false 84555000 584512 true false true true 44315803 477972 true false true true false false false false true true false false false false true 0.00900 0.00900 true false true false false false true false false false false false true X 67 1326858 FMV X 1 153000 APPRAISAL 4 false true true USE OF THIRD PARTIES TO SELL NONCASH CONTRIBUTIONS SCHEDULE M, PART I, QUESTION 32B THE FOLLOWING BROKERS ARE USED TO LIQUIDATE GIFTS OF SECURITIES: EDWARD JONES; MERRILL LYNCH; ROBERT W. BAIRD & COL; MORGAN STANLEY/SMITH BARNEY; NATIONAL CITY INVESTMENTS; NEUBERGER BERMAN; NORTHERN TRUST; CHARLES SCHWAB AND CO.; UBS FINANCIAL SERVICES; WELLS FARGO SECURITIES. FAMILY OR BUSINESS RELATIONSHIPS WITH OFFICERS, DIRECTORS, TRUSTEES FORM 990, PART VI, QUESTION 2 MARLETTA DARNALL AND MATTHEW S. DARNALL HAVE A FAMILY RELATIONSHIP. MAX W. HITTLE, JR. AND R. DAVID HOOVER HAVE A BUSINESS RELATIONSHIP. NEWTON CRENSHAW AND DAVID HOOVER HAVE A BUSINESS RELATIONSHIP. PROCESS TO REVIEW FORM 990 FORM 990, PART VI, QUESTION 11B THE FORM 990 AND RELATED SCHEDULES UNDERGO A THOROUGH REVIEW BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND THE AUDIT AND RISK MANAGEMENT COMMITTEE. FOLLOWING THIS REVIEW, THE EXECUTIVE COMMITTEE REVIEWS THE FORM AND ALL SCHEDULES, EXCEPT FOR SCHEDULE B. THE FORM AND ALL SCHEDULES, EXCEPT FOR SCHEDULE B, IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES. THE ENTIRE BOARD OF TRUSTEES APPROVES THE FORM 990 PRIOR TO SUBMISSION TO THE IRS. MONITORING AND ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, QUESTION 12C THE VICE PRESIDENT OF ACADEMIC AFFAIRS AND THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION COLLECTS THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORMS AND CONDUCTS AN INITIAL REVIEW OF EACH CONFLICT OF INTEREST DISCLOSURE TO DETERMINE IF A POTENTIAL CONFLICT APPEARS TO EXIST, OR, IN FACT, EXISTS. CONFLICT OF INTEREST RESPONSES FOR THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION AND THE CHAIR OF THE BOARD OF TRUSTEES ARE SUBMITTED TO THE CHAIR OF THE AUDIT AND RISK MANAGEMENT COMMITTEE FOR REVIEW. IN ADDITION, A SUMMARY OF ALL CONFLICTS OF INTEREST IS PRESENTED ANNUALLY TO THE CHAIR OF THE AUDIT AND RISK MANAGEMENT COMMITTEE. IF NECESSARY, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION WORKS WITH THE CHAIR OF THE AUDIT COMMITTEE AND/OR THE CHAIR OF THE BOARD OF TRUSTEES TO DETERMINE THE NECESSARY ACTION. IN ADDITION TO REVIEWING THE CONFLICT OF INTEREST SUBMISSIONS, THE FINANCE DEPARTMENT ANNUALLY REVIEWS A LISTING OF VENDORS PAID TO IDENTIFY ANY POTENTIAL CONFLCIT OF INTERESTS. PROCESS TO DETERMINE PRESIDENT & OFFICER COMPENSATION FORM 990, PART VI, QUESTIONS 15A & 15B UNIVERSITY BYLAWS ESTABLISH A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES TO BE DESIGNATED AS THE EXECUTIVE COMPENSATION COMMITTEE. THIS COMMITTEE ANNUALLY DETERMINES THE COMPENSATION TO BE PAID TO THE EXECUTIVE OFFICERS OF THE UNIVERSITY. COMPENSATION REFLECTS COMPARABLE MARKET DATA, INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE. MARKET DATA INCLUDES COMPENSATION AND BENEFIT INFORMATION FROM MEMBER INSTITUTIONS OF THE GREAT LAKES COLLEGES ASSOCIATION (GLCA) AND VERIFIABLE COMPENSATION AND BENEFIT INFORMATION OBTAINED FROM OTHER SELECTED PEER LIBERAL ARTS COLLEGES. AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, FORM 990, & FIN STMTS FORM 990, PART VI, QUESTION 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST. THE FORM 990 IS AVAILABLE ON THE UNIVERSITY'S WEBSITE. CHANGE IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, QUESTION 5 UNREALIZED GAIN: $55,825,863 GAIN ON INTEREST RATE SWAP 2,508,316 CHANGE IN POSTRETIREMENT BENEFIT OBLIGATIONS 2,898,038 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 3,591,390 ----------- TOTAL CHANGE IN NET ASSETS OR FUND BALANCES $64,823,607 DESCRIPTION OF PURPOSE SCHEDULE K, PART I, COLUMN (F) BOND A: CURRENT REFUNDING OF 2006 BOND, ISSUED JANUARY 11, 2006 BOND B: CURRENT REFUNDING OF A PORTION OF 2008 BONDS ISSUED ON APRIL 30, 2008, CURRENT REFUNDING OF 1999 BONDS ISSUED FEBRUARY 11, 1999 AND REFINANCING TAXABLE LINE OF CREDIT ISSUANCE COSTS FROM PROCEEDS SCHEDULE K, PART II, LINE 7 BOND A: LETTER OF CREDIT FEES $127,943 BANK COUNSEL FEES 42,000 UNDERWRITER'S DISCOUNT 211,388 COSTS OF ISSUANCE 203,182 -------- ISSUANCE COSTS FROM PROCEEDS $584,512 BOND B: UNDERWRITER'S DISCOUNT $307,306 COSTS OF ISSUANCE 170,666 -------- ISSUANCE COSTS FROM PROCEEDS $477,972