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      <LandBuildingsEquipmentBasisNet>
        <BOY>10829496</BOY>
        <EOY>6114701</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <EOY>0</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <EOY>0</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <EOY>0</EOY>
      </InvestmentsProgramRelated>
      <IntangibleAssets>
        <EOY>0</EOY>
      </IntangibleAssets>
      <OtherAssetsTotal>
        <EOY>0</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>11386065</BOY>
        <EOY>6781850</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>456933</BOY>
        <EOY>680436</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>49164</BOY>
        <EOY>68670</EOY>
      </DeferredRevenue>
      <MortNotesPyblSecuredInvestProp>
        <BOY>300000</BOY>
        <EOY>150000</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>10957</BOY>
        <EOY>5479</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>817054</BOY>
        <EOY>904585</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>10569011</BOY>
        <EOY>5877265</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>10569011</BOY>
        <EOY>5877265</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>11386065</BOY>
        <EOY>6781850</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-4691746</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>false</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="11000144" softwareVersion="2011v1.2">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="11000144" softwareVersion="2011v1.2">
      <Land>
        <OtherCostOrOtherBasis>1793595</OtherCostOrOtherBasis>
        <BookValue>1793595</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>9179551</OtherCostOrOtherBasis>
        <Depreciation>4929239</Depreciation>
        <BookValue>4250312</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>532222</OtherCostOrOtherBasis>
        <Depreciation>499827</Depreciation>
        <BookValue>32395</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>784136</OtherCostOrOtherBasis>
        <Depreciation>752505</Depreciation>
        <BookValue>31631</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>703329</OtherCostOrOtherBasis>
        <Depreciation>696561</Depreciation>
        <BookValue>6768</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>6114701</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>INTEREST PAYABLE</Description>
        <Amount>5479</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>5479</TotalOfAmounts>
      <TotalRevenue>3726099</TotalRevenue>
      <TotalExpenses>8417845</TotalExpenses>
      <ExcessOrDeficitForYear>-4691746</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>-4691746</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>3726099</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>3726099</RevenueSubtotal>
      <TotalRevenuePerForm990>3726099</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>8417845</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>8417845</ExpensesSubtotal>
      <TotalExpensesPerForm990>8417845</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part X</Identifier>
        <ReturnReference>Part X : FIN48 Footnote</ReturnReference>
        <Explanation>Management has analyzed the University's tax positions for open tax years, 2008 through 2011, and has concluded that no uncertain tax positions have been taken that could have a material impact on the University.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE" softwareId="11000144" softwareVersion="2011v1.2">
      <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>false</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized</Identifier>
        <Explanation>NONDISCRIMINATORY POLICY STATEMENTS ARE PUBLISHED IN THE UNIVERSITY'S REGISTRATION MATERIALS</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleI documentId="IRS990ScheduleI" softwareId="11000144" softwareVersion="2011v1.2">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>WILLAMETTE UNIVERSITY</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>900 STATE ST</AddressLine1>
          <City>SALEM</City>
          <State>OR</State>
          <ZIPCode>97301</ZIPCode>
        </AddressUS>
        <EINOfRecipient>930386972</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>0</AmountOfCashGrant>
        <AmountOfNonCashAssistance>4445833</AmountOfNonCashAssistance>
        <MethodOfValuation>BASIS IN DONATED BUILDING</MethodOfValuation>
        <DescriptionOfNonCashAssistance>DORMITORY BUILDING</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>TO SUPPORT UNIVERSITY OPERATIONS</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>1</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIV>
        <Identifier>Grantmaker's Description of How Grants are Used</Identifier>
        <Explanation>N/A</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Additional Supplemental Information</Identifier>
        <Explanation>DURING THE FISCAL YEAR ENDED MARCH 31, 2012, THE UNIVERSITY DONATED A DORMITORY BUILDING TO WILLAMETTE UNIVERSITY. THE AMOUNT OF THE CONTRIBUTION RECORDED IS THE REMAINING BASIS IN THE DORMITORY.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="11000144" softwareVersion="2011v1.2">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>THE SCHOOL'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 9</Identifier>
        <ReturnReference>Form 990, Part VI, Line 9: Officer, Director, Trustee, Key Employee Mailing Address</ReturnReference>
        <Explanation>Nobuyasu Kurata- 4-23-23 Takadanobaba, Shinjuku-ku, Tokyo, Japan 169-0075Tsugio Tajiri- 1-13-1 Matoba Kita, Kawagoe, Saitama, Japan 350-1197</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>990 REVIEWED BY BOARD OF DIRECTORS PRIOR TO FILING WITH IRS.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>