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0 37909423 9044643 37179932 7035481 729491 2009162 2738653 2738653 0 0 3222 2632 590 590 Sublease Rents 900099 1996574 1996574 1996574 271698666 10937686 -99102 9872100 0 0 351113 351113 0 0 0 0 5085151 1861368 3042141 181642 544660 198759 312505 33396 120939963 100192483 18982778 1764702 11183737 9063249 1932831 187657 36603709 28389598 7549998 664113 9858565 7989335 1703809 165421 0 0 0 0 954970 197722 757248 0 865777 76783 788994 0 7853 7853 0 0 0 0 255263 0 255263 0 6850308 4485706 2154394 210208 26445 900 4200 21345 5241786 2964350 2132381 145055 7061062 3170907 3819789 70366 3405 0 3405 0 11542060 3565660 7926933 49467 12739821 10658519 1879213 202089 0 0 0 0 356493 273446 57767 25280 3014715 0 3014715 0 0 0 0 0 8518023 981191 7522111 14721 1403365 445532 957833 0 SUBCONTRACTS 19037151 19037151 0 0 LETTER AGREEMENTS 1803309 1791131 9416 2762 LICENSES & OTHER TAXES 647390 150427 485503 11460 MISCELLANEOUS EXPENSES 1977770 708196 1048625 220949 266873864 196561379 66341852 3970633 4507840 5241384 28739094 37562307 7930737 9300734 37149694 37647482 2354941 2761614 16452 11052 4032574 4692425 190817332 71404273 122052002 119413059 134109270 110572991 48629642 58402283 5239610 4574965 394761856 390180296 62891488 65702591 12539614 12445112 122805000 120800000 17030969 15483367 215267071 214431070 X 116820544 112584199 19503747 18073255 43170494 45091772 179494785 175749226 394761856 390180296 X 4824802 -8570361 X false true true X true true X 232054611 235324140 231780065 244912391 250987982 1195059189 232054611 235324140 231780065 244912391 250987982 1195059189 1195059189 12648891 10757235 3874420 3685446 5037181 36003173 303118 0 0 0 0 303118 1374678 1871728 1924902 1943071 1996574 9110953 1240476433 50874473 0.96339 0.96021 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 7853 7853 266866011 266873864 1000000 250000 0 0 false 1000000 1000000 1000000 1000000 4000000 6000000 80000 21382 13836 7853 123071 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 true 9146851 2149806 1193314 10103343 false 184909977 420065 1656899 0 8562771 0 178424170 174515558 257842 18084099 0 7947522 0 184909977 183751804 740714 293285 0 10270245 0 174515558 0.70081 0.24196 0.05723 false false 1334060 1334060 110344220 19251103 91093117 15808709 10408070 5400639 60414031 41745100 18668931 2916312 0 2916312 119413059 ALTERNATIVE INVESTMENTS 58402283 F 58402283 0 Accrued Post Retirement Benefit 15483367 15483367 271698666 266873864 4824802 -5150836 -2724966 -7875802 -3051000 274502000 -5150836 136351 10168592 5154107 269347893 2350773 2350773 271698666 274134000 136351 9474558 9610909 264523091 2350773 2350773 266873864 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: $ 696,261 CHANGE IN FMV OF DERIVATIVES: ($ 5,361,461) ADJ. TO POST RETIREMENT BENEFIT LIABILITY: $ 1,941,936 ROUNDING ADJUSTMENT: $ (1,702) ------------ TOTAL: ($ 2,724,966) DETAIL OF AMOUNT SCHEDULE D, PART XII, LINE 2D RAND EUROPE REVENUE: $10,169,156 ROUNDING ADJUSTMENT: $ (564) ------------ TOTAL: $10,168,592 DETAIL OF AMOUNT SCHEDULE D, PART XII, LINE 4B SUBLEASE REVENUE: $ 1,996,574 RAND STORE NET INCOME: $ 590 INTEREST INCOME GROSS-UP: $ 107,646 LTIF INCOME GROSS-UP: $ 245,963 ------------- TOTAL: $ 2,350,773 DETAIL OF AMOUNT SCHEDULE D, PART XIII, LINE 2D RAND EUROPE EXPENSE: $ 9,472,895 ROUNDING ADJUSTMENT: $ 1,663 ------------ TOTAL: $ 9,474,558 DETAIL OF AMOUNT SCHEDULE D, PART XIII, LINE 4B SUBLEASE REVENUE: $ 1,996,574 RAND STORE NET INCOME: $ 590 INTEREST INCOME GROSS-UP: $ 107,646 LTIF INCOME GROSS-UP: $ 245,963 ------------- TOTAL: $ 2,350,773 North America 1 2 Program Services Public Policy Research 1066735 Middle East and North Africa 2 6 Program Services Public Policy Research 7962115 Russia and the Newly Independent States 0 0 Program Services Public Policy Research 111362 Europe (Including Iceland and Greenland) 0 0 Program Services Public Policy Research 406673 Central America and the Caribbean 0 0 Investments 34468905 3 8 3 8 44015790 44015790 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 351113 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, RAND 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 COMPETETIVE APPLICATION PROCESS DETERMINES THE FELLOWSHIP RECIPIENT. FELLOWSHIP FUNDS ARE SEGREGATED 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 495223 0 194517 0 37943 0 90223 0 17973 0 835879 0 27154 0 MICHAEL D RICH 355860 0 123345 0 9462 0 62083 0 28609 0 579359 0 4484 0 RICHARD FALLON 264205 0 91321 0 2357 0 28960 0 27193 0 414036 0 0 0 VIVIAN J ARTERBERY 163315 0 17573 0 1690 0 20361 0 16941 0 219880 0 0 0 TIMOTHY M BONDS 166149 0 50188 0 904 0 25543 0 17364 0 260148 0 0 0 ROBERT HENRY BROOK 154577 0 41111 0 4953 0 23030 0 22192 0 245863 0 0 0 JONATHAN GRANT 0 188719 0 38928 0 0 0 15098 0 864 0 243609 0 0 EUGENE C GRITTON 92848 0 6653 0 36616 0 5814 0 306 0 142237 0 0 0 ANDREW HOEHN 240110 0 40392 0 1327 0 28960 0 18043 0 328832 0 0 0 WILLIAM P HORRIGAN 226964 0 33200 0 3017 0 28960 0 22171 0 314312 0 0 0 JEFFREY A ISAACSON 157163 0 15405 0 1039 0 28960 0 21587 0 224154 0 0 0 ARTHUR L KELLERMANN 196357 0 10000 0 20741 0 24939 0 22891 0 274928 0 0 0 DEBRA S KNOPMAN 216515 0 29671 0 1338 0 28960 0 23722 0 300206 0 0 0 LINDSEY C KOZBERG 243398 0 25348 0 356 0 24060 0 9751 0 302913 0 0 0 SUSAN LYNN MARQUIS 194960 0 104669 0 28325 0 28960 0 26022 0 382936 0 0 0 ADELE R PALMER 214542 0 36567 0 0 0 28960 0 9952 0 290021 0 0 0 KEVIN JACK RILEY 210138 0 21189 0 1643 0 27255 0 7230 0 267455 0 0 0 BRENT D BRADLEY 130802 0 11761 0 5585 0 8160 0 4585 0 160893 0 0 0 NATALIE W CRAWFORD 210969 0 0 0 5381 0 24949 0 22462 0 263761 0 0 0 THOMAS L MCNAUGHER 205150 0 0 0 2425 0 23721 0 15323 0 246619 0 0 0 SIDDHARTHA DALAL 266149 0 84813 0 3296 0 28960 0 24644 0 407862 0 0 0 ARIE KAPTEYN 316637 0 36308 0 3225 0 28960 0 9262 0 394392 0 0 0 ELIZABETH A MCGLYNN 247958 0 79680 0 2383 0 28960 0 17144 0 376125 0 0 0 BRUCE R NARDULLI 167295 0 62038 0 143090 0 27278 0 15211 0 414912 0 0 0 OBAIDULLAH YOUNOSSI 165631 0 0 0 180062 0 18510 0 21256 0 385459 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 JAMES THOMSON (CEO) AND MICHAEL RICH (EVP) PARTICIPATED IN A 457(F) PLAN. PAYMENTS FROM THE PLAN INCLUDED IN SCHEDULE J WERE $27,154 FOR THE CEO AND $4,484 FOR THE EVP. THE ORGANIZATION'S NONQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS FOR THE CEO AND EVP. THE PLAN PROVIDES AN UNFUNDED BENEFIT DETERMINED BY A FORMULA DRIVEN BY THE EXECUTIVES' COMPENSATION, CONTINUOUS SERVICE AND AGE. THE BENEFIT IS PAID IMMEDIATELY AFTER THE END OF THE CALENDAR YEAR. THE MAXIMUM DEFERRAL AMOUNT UNDER SECTION 457 (B), $16,500 FOR CY10, 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 AMOUNTS, AS DISCLOSED ABOVE, ARE PAID DIRECTLY TO THE EXECUTIVES AND WILL BE INCLUDED AS PART OF THEIR 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 WERE ACHIEVED, INCLUDING CORPORATE FINANCIAL AND STRATEGIC ACHIEVEMENTS AS WELL AS INDIVIDUAL GOALS. THE CEO, EVP, 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) OBAIDULLAH YOUNOSSI AND BRUCE NARDULLI HAD EXPATRIATE AGREEMENTS DURING FY11. BENEFITS FROM SUCH AGREEMENTS ARE TAXABLE AND CONVEYED AS OTHER REPORTABLE COMPENSATION. SCHEDULE J, PART II, COLUMN C THE CEO HAS 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 HAS 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 DETERMINES THAT THE CEO IS IN GOOD STANDING. THE TOTAL AMOUNT OF THE CEO'S SEVERANCE PAYMENT IF HE HAD SO TERMINATED EMPLOYMENT AT RAND AT THE END OF CALENDAR YEAR 2010 WOULD HAVE BEEN $610,823 COMPARED TO $612,972 IF HE HAD SO TERMINATED AT THE END OF CALENDAR YEAR 2009, A DECREASE OF $2,149 IN THE AMOUNT SET OUT ABOVE, AND INCLUDED AS REPORTABLE DEFERRED COMPENSATION ON SCHEDULE J. CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT PLAN 630304653 13033WK51 2008-05-13 34975000 SEE PART V false false false CA INFRASTRUCTURE & ECONOMIC DEVELOPMENT PLAN 630304653 13033WK69 2008-06-02 93565000 SEE PART V 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 false true true DEUTSCHE BANK 34.5 false false false false false false true true BARCLAYS 34.7 false false false false false PLEASE REFER TO PURPOSE OF BOND ISSUES ON SCHEDULE O DR SUSAN RICE SPOUSE OF RAND TRUSTEE 14000 CONSULTING FEES false 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. DESCRIPTION OF FAMILY AND BUSINESS RELATIONSHIPS PART VI, SECTION A, LINE 2 TRUSTEE ANN MCLAUGHLIN KOROLOGOS AND TRUSTEE DONALD RICE SERVE ON THE BOARD OF DIRECTORS FOR A COMPANY THAT DOES NOT DO BUSINESS WITH RAND CORPORATION. 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. ONCE FINALIZED, THE FORM 990 ALONG WITH THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE THOROUGHLY REVIEWED BY THE AUDIT COMMITTEE 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 APPROVED BY THE AUDIT COMMITTEE IN NOVEMBER 2011. WRITTEN WHISTLEBLOWER POLICY PART VI, SECTION B, LINE 13 RAND HAS A REPORT LINE POLICY WITH MOST STANDARD ELEMENTS OF WHISTLEBLOWER POLICY (E.G. PROCESS, NON-RETALIATION, CONFIDENTIALITY). THE AUDIT COMMITTEE IS SCHEDULED TO REVIEW AND APPROVE THIS POLICY IN APRIL 2012. WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY PART VI, SECTION B, LINE 14 RAND HAS DEPARTMENT SPECIFIC DOCUMENT RETENTION AND DESTRUCTION POLICIES. A CONSOLIDATED COMPANY-WIDE POLICY IS BEING DEVELOPED WITH THE INTENT OF HAVING THE AUDIT COMMITTEE REVIEW AND APPROVE 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, THE EXECUTIVE VICE PRESIDENT, AND THE 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. AS PART OF THIS ANNUAL REVIEW PROCESS 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 UNIT AND DEPARTMENT 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 RESEARCH MANAGEMENT GROUP MANAGER. 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 PLUS. OTHER CHANGES IN NET ASSETS PART XI, LINE 5 CHANGES IN FMV OF DERIVATIVES: ($5,361,461) ADJ TO POST RETIREMENT LIABILITY: $1,941,936 UNREALIZED LOSS ON INVESTMENTS: ($5,150,836) ------------ TOTAL ($8,570,361) 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 Europe (UK) Westbrook Centre Milton Road Cambridge, CB4 1YG UK Policy Rsrch UK N/A N/A RAND CORP 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 Rand Europe Cambridge Limited I McEwan Westbrook Centre Milton Rd Cambridge, CB4 1YG UK Consultancy Srvcs UK RAND EUROPE C Corp 7806248 5848046 1.00000 true false false true false false false false false false false false false false false false true true Rand Europe a-i 68179 Rand Europe d 406673 Rand Retiree Medical Benefit Plan q 2117455 Rand Retiree Medical Benefit Plan r 1209605