2012-07-13T14:03:08-04:00 2011-08-31 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2010-09-01 941156365 STANFORD UNIVERSITY BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY STAN 6507251732 3145 PORTER DRIVE PALO ALTO CA 94304 SUSAN CALANDRA 2012-07-06 true PRICEWATERHOUSECOOPERS LLP 6175305000 2010 2016-02-24 21:20:13Z John Hennessy Building 10 Stanford CA 94305 21509755590 false X WWW.STANFORD.EDU X 1885 CA STANFORD UNIVERSITY IS ONE OF A SELECT GROUP OF AMERICAN UNIVERSITIES THAT HAVE ACHIEVED EMINENCE IN BOTH UNDERGRADUATE AND GRADUATE EDUCATION AND IN A BROAD RANGE OF ACADEMIC DISCIPLINES.CONT'D SCH O. 34 25 30794 35884278 -38606586 1448832299 1573066590 1637343940 1745319547 54571085 997644998 54051297 65296226 3194798621 4381327361 323489818 353407063 0 0 2064373137 2173648853 0 0 76105244 1187138858 1277736364 3575001813 3804792280 -380203192 576535081 24553320653 27697527289 5118398161 5142733434 19434922492 22554793855 X STANFORD UNIVERSITY IS ONE OF A SELECT GROUP OF AMERICAN UNIVERSITIES THAT HAVE ACHIEVED EMINENCE IN BOTH UNDERGRADUATE AND GRADUATE EDUCATION AND IN A BROAD RANGE OF ACADEMIC DISCIPLINES. CONT'D SCH O. false false 1160020712 32549385 933008109 INSTRUCTION AND DEPARTMENTAL RESEARCH- See Schedule O. 1019584223 31731413 190714418 ORGANIZED RESEARCH - REVENUE AMOUNT REPORTED ON LINE 4B DOES NOT INCLUDE $1,056,414,408 IN FEDERAL RESEARCH SUPPORT. CONT'D SCH O. 674734845 1062099 621597020 UNIVERSITY AUXILIARY ACTIVITIES - See Schedule O. 560139486 277405043 0 3414479266 true true false true true false true false true true true false false true false true true true true true true true false true false false true true true true false false false false false true false true true true true true false false true true true true false false true X 26970 0 true 30794 true true true true false false false true true true 8 false false false false false false X 34 25 true false false false false false false true true false false true true true true true true true true false CA X X CHRISTOPHER CANELLOS 6507251732 3145 PORTER DRIVE Palo Alto CA 94304 X JOHN HENNESSY 50.0 X X 703658 0 329899 Robert M Bass 2.0 X 0 0 0 William R Brody 2.0 X 0 0 0 Mariann Byerwalter 2.0 X 0 0 0 James E Canales 2.0 X 0 0 0 James G Coulter 2.0 X 0 0 0 Lauren B Dachs 2.0 X 0 0 0 Steven A Denning 2.0 X 0 0 0 Bruce W Dunlevie 2.0 X 0 0 0 Armando Garza 2.0 X 0 0 0 John A Gunn 2.0 X 0 0 0 Christine U Hazy 2.0 X 0 0 0 Pete Higgins 2.0 X 0 0 0 Leslie P Hume 2.0 X 0 0 0 Ronald B Johnson 2.0 X 0 0 0 Ann H Lamont 2.0 X 0 0 0 Frank D Lee 2.0 X 0 0 0 Goodwin Liu 2.0 X 0 0 0 Susan R McCaw 2.0 X 0 0 0 Hamid R Moghadam 2.0 X 0 0 0 Wendy Munger 2.0 X 0 0 0 Paul A Ormond 2.0 X 0 0 0 Ruth M Porat 2.0 X 0 0 0 Penny S Pritzker 2.0 X 0 0 0 Miriam Rivera 2.0 X 0 0 0 Victoria B Rogers 2.0 X 0 0 0 Richard A Sapp 2.0 X 0 0 0 Kavitark Ram Shriram 2.0 X 0 0 0 Ronald P Spogli 2.0 X 0 0 0 Isaac Stein 2.0 X 0 0 0 Thomas F Steyer 2.0 X 0 0 0 Vaughn C Williams 2.0 X 0 0 0 Jerry Yang 2.0 X 0 0 0 Deborah A Decotis 2.0 X 0 0 0 JOHN ETCHEMENDY 50.0 X 494685 0 271566 RANDALL LIVINGSTON 50.0 X 474900 0 123374 MARTIN SHELL 50.0 X 872540 0 119184 DEBRA ZUMWALT 50.0 X 497743 0 169315 ROBERT C REIDY 50.0 X 1277981 0 258812 DAVID DEMAREST 50.0 X 571378 0 110519 HOWARD WOLF 50.0 X 335606 0 72688 WILLIAM MADIA 50.0 X 317224 0 68821 DIANE PECK 50.0 X 341659 0 44496 DAVID JONES 50.0 X 0 0 0 JOHN POWERS 50.0 X 1685068 0 424358 PHILIP A PIZZO 50.0 X 610317 0 262738 RICHARD SALLER 50.0 X 494353 0 28041 FRANK HANLEY 50.0 X 1468668 0 242928 GARY STEINBERG 50.0 X 1173289 0 43923 BRUCE A REITZ 50.0 X 1083849 0 18463 WILLARD E FEE JR 50.0 X 1029137 0 44969 JAMES JOSEPH HARBAUGH 50.0 X 1027203 0 45881 14459258 0 2679975 3891 false true false TURNER CONSTRUCTION CO 1625 CLAY STREET OAKLAND CA 94612 CONSTRUCTION 121838010 HATHAWAY DINWIDDIE CONSTRUCTION COM 565 LAURELWOOD ROAD SANTA CLARA CA 95054 CONSTRUCTION 39312808 THE WHITING-TURNER CONTRACTING CO PO BOX 17596 BALTIMORE MD 21297 CONSTRUCTION 37260077 DOME CONSTRUCTION CORPORATION 393 E GRAND AVE SOUTH SAN FRANCISCO CA 94080 CONSTRUCTION 22089669 VANCE BROWN INC 3197 PARK BOULEVARD PALO ALTO CA 94306 CONSTRUCTION 14636291 505 1056652182 516414408 178521415 1573066590 STUDENT INCOME 900099 688151962 688151962 NONGOVERNMENT RESEARCH 900099 190714418 190714418 PATIENT CARE 900099 493812004 493812004 SPECIAL PROGRAMS 900099 371722186 371722186 DRIVING RANGE 713910 592064 592064 326913 326913 1745319547 222933659 19360342 203573317 126 126 8020392 8020392 63728358 9232952 54495406 54495406 54495406 17886705451 4884445 17112698178 4180505 774007273 703940 774711213 15604959 759106254 132562 364482 -231920 -231920 0 4964460 1952112 3012348 3012348 0 4381327361 1744400570 35884278 1027975923 8322465 8322465 333513170 333513170 11571428 11571428 0 7119141 1548383 4655774 914984 0 1704514443 1579966361 83940992 40607090 104435261 92535381 8998921 2900959 259660322 229814821 22591555 7253946 97919686 86578541 8596597 2744548 228020 0 228020 0 9138193 0 9138193 0 1684230 1684230 55980 55980 0 29269792 0 29269792 0 153674372 123969861 24082465 5622046 351085 0 246992 104093 231880327 196859211 29815437 5205679 18071782 9971129 7729022 371631 6335238 1643625 4691613 0 145873691 124242438 19873187 1758066 53062989 48955556 2516859 1590574 2225 2225 8757182 8302121 398814 56247 71714798 63834401 7460316 420081 0 258888648 219251826 37552563 2084259 12240608 8240920 3972173 27515 EQUIPMENT RENTAL & MAINTENANCE 5354166 4703180 503710 147276 PRINTING & PUBLICATION 10341705 8096360 1365119 880226 SLAC NON-SALARY EXPENSE 157665289 157584391 80591 307 RESEARCH SUBAWARDS 61926832 61926832 EMPLOYEE RELATED EXPENSES 41219212 33046865 4756630 3415717 3804792280 3414479266 314207770 76105244 221835 210884 1529632970 1186045821 764662131 729253245 305908025 313887477 4706059 4639292 513055135 536426700 6594431 6121197 41183139 57072649 6621343476 2946960305 3583996267 3674383171 3788899686 4446400555 14014460975 16743086298 24553320653 27697527289 1382407968 1244029604 370573166 548362744 1376031361 1349831594 1439901380 1376774970 549484286 623734522 5118398161 5142733434 X 9131844886 11235459051 5526835975 6243177502 4776241631 5076157302 19434922492 22554793855 24553320653 27697527289 X 576535081 2543336282 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 true true true 2569 true 159137 true 32341 true 8044 true 486756 true 178386 false 867233 false PART II-B - LOBBYING ACTIVITY EXPLANATION AN INSUBSTANTIAL PORTION OF STANFORD UNIVERSITY'S TOTAL ACTIVITIES INVOLVED LEGISLATIVE AND REGULATORY MATTERS OF DIRECT CONCERN TO HIGHER EDUCATION OR OF COMPELLING IMPORTANCE TO STANFORD IN PARTICULAR. INSTITUTIONAL EFFORTS TO INFLUENCE LEGISLATION AND REGULATION ARE DIRECTED BY THE OFFICE OF GOVERNMENT AND COMMUNITY RELATIONS. DURING FISCAL YEAR 2010-2011, THE OFFICE CONSISTED OF FOUR PROFESSIONAL STAFF MEMBERS, ONE INTERN, AND TWO SUPPORT PERSONS. THE UNIVERSITY DOES NOT HAVE A LOBBYING OFFICE IN EITHER WASHINGTON, DC OR SACRAMENTO, CA AND DURING THIS PERIOD, THE UNIVERSITY HIRED AN OUTSIDE REGISTERED LOBBYIST IN SACRAMENTO FOR PART-TIME WORK ON STATE ISSUES. ACTIVITIES OF GOVERNMENT AND COMMUNITY RELATIONS STAFF INCLUDE CONTACTS BY LETTERS, PHONE CALLS AND MEETINGS WITH LEGISLATORS, MEMBERS OF THEIR STAFFS, OR OTHER GOVERNMENT OFFICIALS, AND MEETINGS WITH LOCAL CITIZENS REGARDING STANFORD ISSUES WITH LOCAL GOVERNMENTS. IN FISCAL YEAR 2010-2011, LEGISLATIVE, EXECUTIVE, AND LOCAL REGULATORY ISSUES HANDLED BY THE UNIVERSITY INCLUDED THE FOLLOWING: LOCAL ISSUES: ZONING AND LAND USES RELATED TO PROPERTY OWNED BY THE UNIVERSITY AND CONTIGUOUS TO THE UNIVERSITY'S ACADEMIC CAMPUS. STATE ISSUES: STUDENT AID; TAXATION; RESEARCH FUNDING ISSUES; PRIVACY ISSUES; ACCOUNTING ISSUES; INTELLECTUAL PROPERTY ISSUES; COMPETENCY EDUCATION ISSUES; STEM CELL RESEARCH ISSUES; WATER RIGHTS; FIDUCIARY DUTIES; HOSPITAL SEISMIC DEADLINES; AND CLEAN ENERGY PROGRAMS. FEDERAL ISSUES: STUDENT AID; TAXATION; REIMBURSEMENT OF FEDERAL RESEARCH COSTS; FUNDING LEVELS OF RESEARCH (E.G. NIH, DOE, NASA, DOD, NSF); FUNDING FOR SLAC NATIONAL ACCELERATOR LABORATORY; MEDICARE FUNDING FOR TEACHING HOSPITALS; RESEARCH POLICY; COPYRIGHT AND IMMIGRATION POLICY. THE TOTAL BUDGET EXPENDED BY THE OFFICE OF GOVERNMENT AND COMMUNITY RELATIONS WAS $1,375,309. THE ESTIMATED TOTAL EXPENSES FOR LOBBYING ARE AS FOLLOWS: SALARIES AND BENEFITS $645,377 GENERAL OFFICE OVERHEAD $139,222 PAID CONSULTANT COALITION DUES $55,980 GRANTS TO OTHER ORGANIZATIONS $8,044 TRAVEL $18,610 _______ TOTAL $867,233 AMOUNTS APPEARING ON PART II-B ARE REASONABLE ESTIMATED ALLOCATIONS OF THE ABOVE EXPENSES. OCCASIONALLY STANFORD UNIVERSITY EMPLOYEES OUTSIDE THE GOVERNMENT AND COMMUNITY RELATIONS OFFICE MAY ENGAGE IN LOBBYING ACTIVITIES ON BEHALF OF THE UNIVERSITY. INCLUDING SUCH CONTACT, THE TOTAL AMOUNT SPENT BY STANFORD IN LOBBYING REPRESENTS AN INSIGNIFICANT PART OF THE UNIVERSITY'S TOTAL EXPENDITURES. 29 5136733 8322465 207282444 true true X X X X false 13851115000 673440000 2763132000 182421410 602659590 16502606000 12619094000 517078000 1569588000 203694898 650950102 13851115000 17214373000 155359000 -3470843000 209983118 1069811882 12619094000 0.40458 0.59027 0.00514 true true true 97768046 97768046 4644449448 1640008903 3004440545 152621364 135568350 17053014 1555848092 1171383052 384465040 170656526 170656526 3674383171 SEE PAGE 5 16743086298 16743086298 0 SEE PAGE 5 623734522 623734522 4381327361 3804792280 576535081 2443864505 99471777 2543336282 3119871363 6629950000 2443864505 -130835443 2313029062 4316920938 66722748 -2316325 64406423 4381327361 3510079000 2316686 2316686 3507762314 66722748 230307218 297029966 3804792280 SCHEDULE D, PART III, LINE 1A WORKS OF ART AND SPECIAL COLLECTIONS WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS, AND ARTIFACTS, WHICH ARE PRESERVED AND PROTECTED FOR EDUCATIONAL, RESEARCH AND PUBLIC EXHIBITION PURPOSES, ARE NOT CAPITALIZED. PURCHASES OF SUCH COLLECTIONS ARE RECORDED AS OPERATING EXPENSES IN THE PERIOD IN WHICH THEY ARE ACQUIRED. SCHEDULE D, PART III, LINE 4 THE CANTOR ARTS CENTER AT STANFORD UNIVERSITY IS A MUSEUM COMMITTED TO INTELLECTUAL EXPLORATION AND THE PURSUIT OF KNOWLEDGE, FOSTERING A SENSE OF DISCOVERY THROUGH DIRECT EXPERIENCES WITH WORKS OF ART. THE CENTER COLLECTS, PRESERVES, AND STUDIES ART FROM ALL CULTURES AND PERIODS, SERVING THE UNIVERSITY AND THE PUBLIC THROUGH EXHIBITIONS AND PROGRAMS THAT INSPIRE THE UNDERSTANDING AND ENJOYMENT OF ART. SCHEDULE D, PART V, LINES 1B & 1E "CONTRIBUTIONS" (LINE 1B) INCLUDE CERTAIN INVESTMENT INCOME, CURRENT YEAR GIFTS TO ENDOWMENT, MATURED LIVING TRUSTS DIRECTED TO ENDOWMENT, AND CERTAIN OTHER FUNDS TRANSFERRED INTO THE ENDOWMENT. INCLUDED IN "OTHER EXPENDITURES FOR FACILITIES AND PROGRAMS" (LINE 1E) ARE FUNDS DISTRIBUTED ANNUALLY FROM ENDOWMENT PRINCIPAL TO SUPPORT SUCH FACILITIES AND PROGRAMS. PLEASE SEE FURTHER DISCUSSION BELOW IN "INTENDED USES OF THE ENDOWMENT FUNDS". SCHEDULE D, PART V, LINE 2B APPROXIMATELY HALF OF THE AMOUNT ON LINE 2B REPRESENTS REALIZED AND UNREALIZED GAINS ON ENDOWMENT ASSETS. EACH YEAR, THE BOARD OF TRUSTEES DETERMINES THE PRUDENT PORTION OF THESE GAINS THAT WILL BECOME AVAILABLE FOR EXPENDITURE IN ACCORDANCE WITH THE CALIFORNIA UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT. SCHEDULE D, PART V, LINE 3A(I) INCLUDED IN UNIVERSITY ENDOWMENT ARE SEVERAL TRUSTS MANAGED BY OUTSIDE TRUSTEES NOT RELATED TO THE UNIVERSITY. SCHEDULE D, PART V, LINE 3A(II) AND LINE 3B INCLUDED IN THE ENDOWMENT BALANCE ON LINE 1G ARE THE ASSETS OF THE FREIDENRICH SUPPORT FOUNDATION, AND SHR HOLDINGS, INC., RELATED ORGANIZATIONS. SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ENDOWMENT FUNDS IN 1885, LELAND AND JANE LATHROP STANFORD SAID OF THEIR FOUNDING GRANT "IT SHALL CONSTITUTE THE FOUNDATION AND ENDOWMENT FOR THE UNIVERSITY HEREIN PROVIDED, AND UPON THE TRUST THAT THE PRINCIPAL THEREOF SHALL FOREVER REMAIN INTACT, AND THAT THE RENTS, ISSUES, AND PROFITS THEREOF SHALL BE DEVOTED TO THE FOUNDATION AND MAINTENANCE OF THE UNIVERSITY HEREBY FOUNDED AND ENDOWED, AND THE USES AND PURPOSES HEREIN MENTIONED." TODAY, STANFORD'S ENDOWMENT CONSISTS OF THOUSANDS OF INDIVIDUAL FUNDS, MANY OF WHICH ARE RESTRICTED TO PARTICULAR USES (E.G., SCHOLARSHIP FUNDS FOR UNDERGRADUATES, FELLOWSHIP FUNDS TO SUPPORT GRADUATE STUDENTS, RESEARCH FUNDS DIRECTED TO MANY DIFFERENT AREAS, PROGRAM SUPPORT FUNDS, FUNDS TO SUPPORT PROFESSORS, FUNDS TO SUPPORT LECTURES, FUNDS TO PROVIDE BUILDING AND GROUND MAINTENANCE, FUNDS TO SUPPORT THE UNIVERSITY'S MUSEUM, FUNDS TO SUPPORT THE ACQUISITION OF LIBRARY MATERIALS). THE FUNDS ARE INVESTED IN PERPETUITY FOR LONG TERM GROWTH AND THE PAYOUT IS USED FOR THE PURPOSE SET FORTH IN THE GIFT DOCUMENT. SOME ENDOWMENT FUNDS DO NOT HAVE PURPOSE RESTRICTIONS AND THE PAYOUT FROM THESE FUNDS IS USED TO SUPPORT THE GENERAL OPERATIONS AND INFRASTRUCTURE OF THE UNIVERSITY AS WELL AS MANY OTHER PARTS OF THE UNIVERSITY. ENDOWMENT PAYOUT IS A RELIABLE SOURCE OF CONTINUING SUPPORT AND IS CRUCIAL TO THE FUNDING OF THE MANY LONG TERM COMMITMENTS THAT THE UNIVERSITY MUST MAKE. THE ENDOWMENT MAKES STANFORD LESS DEPENDENT ON OTHER MORE VARIABLE SOURCES OF INCOME. THE ENDOWMENT PAYOUT COVERS APPROXIMATELY 22% OF STANFORD'S TOTAL EXPENSES. STANFORD IS CURRENTLY DIRECTING CONSIDERABLE RESEARCH AND EDUCATION EFFORTS TOWARD ADDRESSING THE CHALLENGES CRUCIAL TO THE WORLD. IN PARTICULAR, IT IS SEEKING SOLUTIONS TO SOME OF THE MOST CHALLENGING PROBLEMS IN HUMAN HEALTH, INTERNATIONAL PEACE AND SECURITY AND THE ENVIRONMENT AND SUSTAINABILITY. STANFORD CONTINUES TO BE ONE OF FEW PRIVATE INSTITUTIONS THAT ENROLL AND ADMIT THE VERY BEST APPLICANTS, REGARDLESS OF THEIR FAMILIES' INCOME AND PROVIDE SUFFICIENT FINANCIAL AID FOR ALL ADMITTED STUDENTS TO ATTEND THE UNIVERSITY. ENDOWMENT SUPPORT CONTRIBUTES GREATLY TO THE SUCCESS OF THESE EFFORTS. AS A RESULT OF ENDOWMENT SUPPORT OF STUDENT AID, STANFORD IS ABLE TO WAIVE THE TOTAL COST OF TUITION FOR STUDENTS FROM MOST FAMILIES WITH INCOMES LESS THAN $100,000. STUDENTS FROM MOST FAMILIES MAKING LESS THAN $60,000 WILL HAVE THE FULL COST OF ATTENDANCE (PRINCIPALLY TUITION, ROOM & BOARD, AND BOOKS) COVERED. FOR THE YEAR ENDED AUGUST 31, 2011, ENDOWMENT PAYOUT SUPPORTED THE FOLLOWING BROAD FUNCTIONS OF THE UNIVERSITY: INSTRUCTION AND RESEARCH $228,241,419 STUDENT FINANCIAL AID $182,421,410 LIBRARIES $15,873,690 SCHEDULE D, PART VI BALANCES AS REPORTED ON THE UNIVERSITY FINANCIAL STATEMENTS HAVE BEEN RECLASSIFIED TO COMPLY WITH 990 REPORTING REQUIREMENTS. SCHEDULE D, PART VII, INVESTMENTS - OTHER SECURITIES CASH & CASH EQUIVALENTS $349,234,208 COLLATERAL HELD FOR SECURITIES LOANED $142,962,742 DERIVATIVES ($13,833,749) FIXED INCOME $756,822,006 REAL ESTATE $4,500,588,163 NATURAL RESOURCES $1,683,568,776 PRIVATE EQUITIES $5,319,812,812 ABSOLUTE RETURN $5,253,469,836 ASSETS HELD BY OTHER TRUSTEES $163,044,438 OTHER $181,578,032 ------------------ $18,337,247,264 LESS HOSPITAL FUNDS INVESTED IN THE UNIVERSITY MERGED POOL ($1,594,160,966) ------------------- $16,743,086,298 SCHEDULE D, PART X, LINE 1 DEPOSITS PAYABLE: COLLATERAL FOR SECURITIES LOANED $182,026,760 US GOVERNMENT REFUNDABLE LOAN FUNDS $53,760,361 INCOME BENEFICIARY SHARE OF SPLIT INTEREST AGREEMENTS $387,947,401 ---------------- $623,734,522 SCHEDULE D, PART X, LINE 2 STANFORD DID NOT REPORT A FIN 48 LIABILITY. SCHEDULE D, PART XI, LINE 8 ADJUSTMENT TO EQUITY RELATING TO LIVING TRUSTS AND DERIVATIVES $99,471,775 FINANCIAL STATEMENT ROUNDING $2 SCHEDULE D, PART XII, LINE 2D FINANCIAL AID ($230,307,218) OTHER, INCLUDING ADJUSTMENT TO EQUITY RELATING TO LIVING TRUSTS AND DERIVATIVES $99,471,775 SCHEDULE D, PART XII, LINE 4B EXPENSES OF SPECIAL EVENTS FROM 990, PART VIII, LINE 8B ($364,482) COST OF GOODS SOLD FROM 990 PART VIII, LINE 10B ($1,952,112) FINANCIAL STATEMENT ROUNDING $269 SCHEDULE D, PART XIII LINE 2D EXPENSES OF SPECIAL EVENTS FROM 990, PART VIII, LINE 8B $364,482 COST OF GOODS SOLD FROM 990 PART VIII LINE 10B $1,952,112 FINANCIAL STATEMENT ROUNDING $92 SCHEDULE D, PART XIII LINE 4B FINANCIAL AID $230,307,218 true true false true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 STANFORD MEETS THE CRITERIA OF SECTION 4.03.2(B) OF REV. PROC. 75-50 THROUGH ADMISSION AND FINANCIAL AID OFFICES OUTREACH PROGRAMS WHICH PUBLICIZE STANFORD UNIVERSITY'S ACADEMIC OPPORTUNITIES AT SECONDARY AND POST-SECONDARY SCHOOLS THROUGHOUT THE UNITED STATES. SCHEDULE E, LINE 6A STANFORD UNIVERSITY RECEIVED RESEARCH AND INSTRUCTIONAL GRANTS AND CONTRACTS, FELLOWSHIP AND STUDENT AID AWARDS, LIBRARY GRANTS AND CONSTRUCTION GRANTS, AND CONTRACTS FROM VARIOUS FEDERAL AGENCIES. true East Asia and the Pacific 2 24 Program Services Study Abroad 3192772 Europe (Including Iceland and Greenland) 5 74 Program Services Study abroad 6873433 Russia and the Newly Independent States 1 2 Program Services Study Abroad 178298 South America 1 8 Program Services Study Abroad 884300 Sub-Saharan Africa 1 12 Program Services Study Abroad 851477 East Asia and the Pacific Program Services Education: Conferences 17129 Europe (Including Iceland and Greenland) Program Services Education: Conferences 40000 Europe (Including Iceland and Greenland) Program Services Education: Executive 23706 North America Program Services Education: Executive 35024 Europe (Including Iceland and Greenland) Program Services Education: Travel Stud 1631409 Middle East and North Africa Program Services Education: Travel Stud 156054 North America Program Services Education: Travel Stud 216403 South America Program Services Education: Travel Stud 166208 Sub-Saharan Africa Program Services Education: Travel Stud 190276 Central America and the Caribbean 2 Program Services Research 5700 East Asia and the Pacific 2 Program Services Research 313637 Europe (Including Iceland and Greenland) Program Services Research 272716 Middle East and North Africa 2 Program Services Research 32637 North America 12 Program Services Research 85954 South America Program Services Research 78689 Sub-Saharan Africa Program Services Research 130455 East Asia and the Pacific Program Services Research subaward cont 980603 Europe (Including Iceland and Greenland) Program Services Research subaward cont 3069850 North America Program Services Research subaward cont 878438 East Asia and the Pacific Program Services Research: Construction 3340369 Central America and the Caribbean Program Services Foreign Travel:Academi 6970 East Asia and the Pacific Program Services Foreign Travel:Academi 160317 Europe (Including Iceland and Greenland) Program Services Foreign Travel:Academi 325127 Middle East and North Africa Program Services Foreign Travel:Academi 3489 North America Program Services Foreign Travel:Academi 195092 Russia and the Newly Independent States Program Services Foreign Travel:Academi 3871 South America Program Services Foreign Travel:Academi 56747 South Asia Program Services Foreign Travel:Academi 8864 Sub-Saharan Africa Program Services Foreign Travel:Academi 1645 Central America and the Caribbean Program Services Foreign Travel: Educat 86595 East Asia and the Pacific Program Services Foreign Travel: Educat 3675276 Europe (Including Iceland and Greenland) Program Services Foreign Travel: Educat 5516735 Middle East and North Africa Program Services Foreign Travel: Educat 538761 North America Program Services Foreign Travel: Educat 832407 Russia and the Newly Independent States Program Services Foreign Travel: Educat 202452 South America Program Services Foreign Travel: Educat 665091 South Asia Program Services Foreign Travel: Educat 654049 Sub-Saharan Africa Program Services Foreign Travel: Educat 550022 East Asia and the Pacific Program Services Foreign Travel: Librar 48828 Europe (Including Iceland and Greenland) Program Services Foreign Travel: Librar 157271 Middle East and North Africa Program Services Foreign Travel: Librar 3179 North America Program Services Foreign Travel: Librar 24706 Russia and the Newly Independent States Program Services Foreign Travel: Librar 10046 South America Program Services Foreign Travel: Librar 1934 Central America and the Caribbean Program Services Foreign Travel: Resear 51179 East Asia and the Pacific Program Services Foreign Travel: Resear 1407714 Europe (Including Iceland and Greenland) Program Services Foreign Travel: Resear 3334965 Middle East and North Africa Program Services Foreign Travel: Resear 303030 North America Program Services Foreign Travel: Resear 650713 Russia and the Newly Independent States Program Services Foreign Travel: Resear 72426 South America Program Services Foreign Travel: Resear 108162 South Asia Program Services Foreign Travel: Resear 226007 Sub-Saharan Africa Program Services Foreign Travel: Resear 348227 Central America and the Caribbean Program Services Foreign Travel: Clinic 694 East Asia and the Pacific Program Services Foreign Travel: Clinic 28403 Europe (Including Iceland and Greenland) Program Services Foreign Travel: Clinic 61941 Middle East and North Africa Program Services Foreign Travel: Clinic 4066 North America Program Services Foreign Travel: Clinic 35701 South America Program Services Foreign Travel: Clinic 25423 South Asia Program Services Foreign Travel: Clinic 19739 Sub-Saharan Africa Program Services Foreign Travel: Clinic 8638 Central America and the Caribbean Program Services Foreign Travel: Extern 6676 East Asia and the Pacific Program Services Foreign Travel: Extern 173259 Europe (Including Iceland and Greenland) Program Services Foreign Travel: Extern 127908 Middle East and North Africa Program Services Foreign Travel: Extern 35573 North America Program Services Foreign Travel: Extern 32641 Russia and the Newly Independent States Program Services Foreign Travel: Extern 11276 South America Program Services Foreign Travel: Extern 34940 South Asia Program Services Foreign Travel: Extern 23359 Sub-Saharan Africa Program Services Foreign Travel: Extern 23390 Central America and the Caribbean Program Services Foreign Travel: Recrui 335 East Asia and the Pacific Program Services Foreign Travel: Recrui 49654 Europe (Including Iceland and Greenland) Program Services Foreign Travel: Recrui 123274 Middle East and North Africa Program Services Foreign Travel: Recrui 1167 North America Program Services Foreign Travel: Recrui 15055 South Asia Program Services Foreign Travel: Recrui 1079 East Asia and the Pacific Program Services Foreign Travel: Admini 73790 Europe (Including Iceland and Greenland) Program Services Foreign Travel: Admini 173851 Middle East and North Africa Program Services Foreign Travel: Admini 121756 North America Program Services Foreign Travel: Admini 9369 South America Program Services Foreign Travel: Admini 52236 South Asia Program Services Foreign Travel: Admini 31942 Sub-Saharan Africa Program Services Foreign Travel: Admini 5000 East Asia and the Pacific Program Services Foreign Travel: Academ 237858 Europe (Including Iceland and Greenland) Program Services Foreign Travel: Academ 39159 Middle East and North Africa Program Services Foreign Travel: Academ 369 North America Program Services Foreign Travel: Academ 8735 South America Program Services Foreign Travel: Academ 8894 South Asia Program Services Foreign Travel: Academ 1644 Sub-Saharan Africa Program Services Foreign Travel: Academ 1280 East Asia and the Pacific Program Services Foreign travel: Manage 288068 Europe (Including Iceland and Greenland) Program Services Foreign travel: Manage 365716 Middle East and North Africa Program Services Foreign travel: Manage 11831 North America Program Services Foreign travel: Manage 11351 South America Program Services Foreign travel: Manage 85937 South Asia Program Services Foreign travel: Manage 8716 Sub-Saharan Africa Program Services Foreign travel: Manage 55419 East Asia and the Pacific Fundraising Foreign travel 149502 Europe (Including Iceland and Greenland) Fundraising Foreign travel 125621 Middle East and North Africa Fundraising Foreign travel 5261 North America Fundraising Foreign travel 9977 Russia and the Newly Independent States Fundraising Foreign travel 463 South Asia Fundraising Foreign travel 6731 Europe (Including Iceland and Greenland) Fundraising Fundraising Administra 78341 East Asia and the Pacific Grantmaking Grant-funded subawards 926923 Europe (Including Iceland and Greenland) Grantmaking Grant-funded subawards 1961024 Middle East and North Africa Grantmaking Grant-funded subawards 43720 North America Grantmaking Grant-funded subawards 1605537 South America Grantmaking Grant-funded subawards 34192 South Asia Grantmaking Grant-funded subawards 543176 Sub-Saharan Africa Grantmaking Grant-funded subawards 615660 Europe (Including Iceland and Greenland) Grantmaking Internship Stipends 192811 East Asia and the Pacific Grantmaking Stipends 52850 East Asia and the Pacific Grantmaking Prizes 17120 Europe (Including Iceland and Greenland) Grantmaking Prizes 4207 Central America and the Caribbean Grantmaking Loan Forgiveness 5325 East Asia and the Pacific Grantmaking Loan Forgiveness 4200 Europe (Including Iceland and Greenland) Grantmaking Loan Forgiveness 8414 South Asia Grantmaking Loan Forgiveness 2400 Central America and the Caribbean Grantmaking Research grants/fellow 11000 East Asia and the Pacific Grantmaking Research grants/fellow 48741 Europe (Including Iceland and Greenland) Grantmaking Research grants/fellow 18000 Middle East and North Africa Grantmaking Research grants/fellow 8000 South America Grantmaking Research grants/fellow 10250 South Asia Grantmaking Research grants/fellow 18200 Sub-Saharan Africa Grantmaking Research grants/fellow 57850 Central America and the Caribbean Grantmaking Undergrad Research 5600 East Asia and the Pacific Grantmaking Undergrad Research 50400 Europe (Including Iceland and Greenland) Grantmaking Undergrad Research 94200 Middle East and North Africa Grantmaking Undergrad Research 22400 Russia and the Newly Independent States Grantmaking Undergrad Research 5600 South America Grantmaking Undergrad Research 11200 South Asia Grantmaking Undergrad Research 5600 Sub-Saharan Africa Grantmaking Undergrad Research 28000 East Asia and the Pacific Grantmaking Service Learning 319386 South America Grantmaking Service Learning 11091 South Asia Grantmaking Service Learning 12476 Sub-Saharan Africa Grantmaking Service Learning 6000 Central America and the Caribbean Investment 7184973000 East Asia and the Pacific Investment 667912000 Europe (Including Iceland and Greenland) Investment 1247523000 Middle East and North Africa Investment 14714000 North America Investment 340610000 Russia and the Newly Independent States Investment -652000 South America Investment 25034000 South Asia Investment 78708000 Sub-Saharan Africa Investment 200721000 10 124 14 10 138 15048542 9797946453 9812994995 East Asia/Pacific Research Sub-award 53565 Check East Asia/Pacific Research Sub-award 100000 WIRE East Asia/Pacific Research Sub-award 227035 WIRE East Asia/Pacific Research Sub-award 63600 WIRE East Asia/Pacific Research Sub-award 435000 WIRE East Asia/Pacific Research Sub-award 47723 CHECK Europe/Iceland/Greenland Research Sub-award 523724 WIRE Europe/Iceland/Greenland Research Sub-award 170738 CHECK Europe/Iceland/Greenland Research Sub-award 426111 CHECK Europe/Iceland/Greenland Research Sub-award 426145 CHECK Europe/Iceland/Greenland Research Sub-award 51873 CHECK Europe/Iceland/Greenland Research Sub-award 68053 CHECK Europe/Iceland/Greenland Research Sub-award 25000 CHECK Europe/Iceland/Greenland Research Sub-award 30000 CHECK Europe/Iceland/Greenland Research Sub-award 67213 WIRE Europe/Iceland/Greenland Research Sub-award 60095 CHECK Europe/Iceland/Greenland Research Sub-award 102073 CHECK Europe/Iceland/Greenland Research Sub-award 10000 CHECK North America Research Sub-award 11429 CHECK North America Research Sub-award 166793 CHECK North America Research Sub-award 677188 CHECK North America Research Sub-award 134543 CHECK North America Research Sub-award 192307 CHECK North America Research Sub-award 174913 CHECK North America Research Sub-award 23393 CHECK North America Research Sub-award 89429 CHECK North America Research Sub-award 91832 WIRE North America Research Sub-award 43710 WIRE Middle East/North Africa Research Sub-award 16300 CHECK Middle East/North Africa Research Sub-award 27420 WIRE South America Research Sub-award 34192 CHECK South Asia Research Sub-award 81724 WIRE South Asia Research Sub-award 32486 CHECK/WIRE South Asia Research Sub-award 7000 WIRE South Asia Research Sub-award 396966 CHECK/WIRE South Asia Research Sub-award 25000 CHECK Sub-Saharan Africa Research Sub-award 31865 WIRE Sub-Saharan Africa Research Sub-award 60000 GRANT Sub-Saharan Africa Research Sub-award 144000 WIRE Sub-Saharan Africa Research Sub-award 175200 WIRE Sub-Saharan Africa Research Sub-award 12609 WIRE Sub-Saharan Africa Research Sub-award 191985 WIRE 36 6 Research Grants-undergraduate Cent. America/Caribbean 1 5600 EFT Research Grants-undergraduate East Asia/Pacific 9 50400 EFT Research Grants-undergraduate Europe/Iceland/Greenland 17 94200 EFT Research Grants-undergraduate Middle East/North Africa 4 22400 EFT Research Grants-undergraduate Russia 1 5600 EFT Research Grants-undergraduate South America 2 11200 EFT Research Grants-undergraduate South Asia 1 5600 EFT Research Grants-undergraduate Sub-Saharan Africa 5 28000 EFT Service Learning Fellowships Cent. America/Caribbean 2 11000 EFT Service Learning Fellowships East Asia/Pacific 5 30050 EFT Service Learning Fellowships Europe/Iceland/Greenland 3 18000 EFT Service Learning Fellowships Middle East/North Africa 1 8000 EFT Service Learning Fellowships South America 2 10250 EFT Service Learning Fellowships South Asia 3 18200 EFT Service Learning Fellowships Sub-Saharan Africa 10 57850 EFT Scholarships East Asia/Pacific 22 207775 EFT Internships Stipends East Asia/Pacific 6 69970 CHECK/EFT Internships Stipends Europe/Iceland/Greenland 54 197018 CHECK/EFT Loan Forgiveness Cent. America/Caribbean 1 5325 CHECK Loan Forgiveness Europe/Iceland/Greenland 1 8414 CHECK Travel Stipends South Asia 2 12476 CHECK Travel Stipends East Asia/Pacific 2 17886 CHECK Travel Stipends South America 1 11091 CHECK Travel Stipends Sub-Saharan Africa 1 6000 CHECK true true true true true true PART I: GENERAL INFORMATION ON ACTIVITIES OUTSIDE OF THE US PART I, LINE 2: DESCRIBE IN THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE OF THE UNITED STATES. STANFORD UNIVERSITY IS NOT A "GRANTMAKER" PER SE IN THAT ITS FUNDAMENTAL MISSION, AND PURPOSE FOR TAX-EXEMPTION, RELATES TO TEACHING, RESEARCH AND PATIENT CARE ACTIVITIES. HOWEVER, IN THE COURSE OF THESE MISSION-BASED ACTIVITIES, THE UNIVERSITY DOES MAKE PAYMENTS THAT MEET THE CRITERIA FOR 'GRANTMAKING' AS DEFINED BY THE INSTRUCTIONS TO IRS 990 SCHEDULE F. PROCEDURES FOR MONITORING USE OF GRANT FUNDS OUTSIDE OF THE U.S. ARE PRINCIPALLY GOVERNED BY THE PURPOSE FOR WHICH THE FUNDS WERE GRANTED: FINANCIAL AID: SCHOLARSHIPS, STIPENDS AND FELLOWSHIPS FOR MOST U.S. INSTITUTIONS OF HIGHER EDUCATION, PROVISION OF FINANCIAL AID TO STUDENTS IS AN IMPORTANT ACTIVITY ENABLING QUALIFIED STUDENTS TO OBTAIN A COLLEGE EDUCATION AT THE UNDERGRADUATE, GRADUATE OR POSTDOCTORAL LEVEL. STANFORD IS COMMITTED TO A "NEED-BLIND" ADMISSION POLICY FOR U.S. CITIZENS AND PERMANENT RESIDENTS; IT ADMITS QUALIFIED STUDENTS WITHOUT REGARD TO THEIR ABILITY TO PAY, AND PROVIDES A COMPREHENSIVE FINANCIAL AID PROGRAM FOR ALL ADMITTED STUDENTS WHO HAVE UNIVERSITY-COMPUTED NEED, AND WHO MEET STATED FINANCIAL AID ELIGIBILITY REQUIREMENTS. FOR THE FISCAL YEAR, ENDED AUGUST 31, 2011, 79% (5,411) OF UNDERGRADUATE AND 81% (7,071) OF GRADUATE STUDENTS RECEIVED SOME FORM OF FINANCIAL AID, WITH A TOTAL OF $333,513,170 OF FINANCIAL AID DISBURSED TO ALL STANFORD STUDENTS. APPROXIMATELY 69% OF THIS AID TOOK THE FORM OF TRANSFERS FROM INTERNAL UNIVERSITY FUNDS TO OFFSET TUITION AND OTHER UNIVERSITY CHARGES THAT WOULD OTHERWISE HAVE BEEN RECEIVED BY THE UNIVERSITY. THE BALANCE REPRESENTS DISBURSEMENTS, PRIMARILY TO GRADUATE STUDENTS, FOR STIPENDS, FELLOWSHIPS AND OTHER STUDENT AID, IN SUPPORT OF ACADEMIC EFFORT. FOR THE VAST MAJORITY OF ENROLLED STUDENTS, THESE AMOUNTS ARE PAID BY DIRECT DEPOSIT TO STUDENT BANK ACCOUNTS IN THE UNITED STATES. AT THE TIME OF CONSTRUCTIVE RECEIPT OF THESE FUNDS IN THE U.S., IT IS POSSIBLE THAT STUDENTS (PARTICULARLY DOCTORAL STUDENTS) MIGHT BE TRAVELING, OR "LIVING", OUTSIDE OF THE U.S. DURING THE COURSE OF THEIR ACADEMIC WORK, OR EVEN FOR PERSONAL PURPOSES. STANFORD REQUIRES THAT STUDENTS WHO ARE RECEIVING FINANCIAL AID MAINTAIN THEIR REGISTRATION STATUS, AND BE ENROLLED FOR ACADEMIC CREDIT IN UNIVERSITY-APPROVED PROGRAMS. THE UNIVERSITY DOES NOT BROADLY CONSIDER FINANCIAL AID DISBURSEMENTS IN THE UNITED STATES TO ENROLLED STUDENTS AS "GRANTS TO FOREIGN INDIVIDUALS", AND HAS ACCORDINGLY REPORTED ON SCHEDULE F THOSE GRANTS PAID OUTSIDE OF THE UNITED STATES, OR GRANTS FOR USE OUTSIDE THE UNITED STATES FOR PROGRAMS WHICH HAVE A READILY IDENTIFIABLE FOREIGN COMPONENT THAT IS SEPARATELY TRACKED. THE FOLLOWING CATEGORIES OF AID ARE PAID DIRECTLY TO STUDENTS OR SCHOLARS OUTSIDE OF THE UNITED STATES, OR FOR INTENDED USE OUTSIDE THE U.S., AND ARE REPORTED ON SCHEDULE F, PART III. 1. RESEARCH GRANTS: THE UNIVERSITY FUNDS A SUMMER INDEPENDENT RESEARCH GRANT PROGRAM AVAILABLE ON A COMPETITIVE BASIS TO UNDERGRADUATES. AS WITH MOST FINANCIAL AID, THESE GRANTS ARE DISBURSED IN THE UNITED STATES TO ENROLLED STUDENTS. OPPORTUNITIES TO FORMALLY PRESENT RESULTING ACADEMIC RESEARCH FINDINGS ARE PROVIDED, WHICH CONTRIBUTES TO THE ASSURANCE THAT MONIES ARE USED FOR THE INTENDED PURPOSE. THOSE AWARDS EXCEEDING $5,000, WHERE THE INTENDED USE OF THE RESEARCH GRANT IS OUTSIDE OF THE U.S., ARE REPORTED IN PART III. 2. SERVICE LEARNING FELLOWSHIPS: STANFORD'S HAAS CENTER FOR PUBLIC SERVICE MANAGES A PROGRAM TO ENGAGE STANFORD STUDENTS IN SERVICE LEARNING OPPORTUNITIES. THESE PLACEMENTS ARE CLOSELY MONITORED BY PROGRAM OFFICERS PRIOR TO AND AFTER THEY OCCUR, TO ASSURE MAXIMUM BENEFIT OF THE LEARNING EXPERIENCE. FELLOWSHIPS PLACEMENTS OUTSIDE OF THE U.S. FOR WHICH STUDENTS RECEIVED SUPPORT IN EXCESS OF $5,000 ARE REPORTED IN PART III. 3. SCHOLARSHIPS STANFORD MANAGES A CONSORTIUM LANGUAGE PROGRAM LOCATED IN THE EAST ASIA/PACIFIC REGION ON BEHALF OF SEVERAL U.S. UNIVERSITIES. SCHOLARSHIPS TO ATTEND THIS PROGRAM ARE AWARDED BY THE CONSORTIUM, AND ARE DISBURSED FROM STANFORD DIRECTLY TO THE IN-COUNTRY CONSORTIUM PROGRAM OFFICE. THESE AMOUNTS ARE REPORTED IN PART III. 4. OVERSEAS STUDIES PROGRAM-INTERNSHIP STIPENDS AS PART OF ITS UNDERGRADUATE OVERSEAS STUDY PROGRAM, THE UNIVERSITY IS ABLE TO PLACE ELIGIBLE STANFORD STUDENTS IN LOCAL INTERNSHIPS FOR 3-6 MONTHS. STUDENTS ARE PAID A STIPEND TO COVER THEIR HOUSING, FOOD AND LIVING EXPENSES. UNIVERSITY PROGRAM MANAGERS IN THESE COUNTRIES WORK WITH RECIPIENT ORGANIZATIONS TO MONITOR STUDENT PERFORMANCE AND PROVIDE FEEDBACK. THESE AMOUNTS ARE REPORTED IN PART III AS GRANTS TO INDIVIDUALS, LIVING OUTSIDE OF THE U.S. THE IN-COUNTRY EXPENDITURES RELATING TO EACH OF THE OVERSEAS STUDIES CENTERS ARE REPORTED IN PART I, LINE 3 AS A PROGRAM ACTIVITY. A VERY SMALL PROPORTION OF THOSE EXPENSES ARE REPRESENTED BY CASH PAYMENTS TO STUDENTS FOR PER DIEM MEAL ALLOWANCES. THESE HAVE BEEN INCLUDED AS PROGRAM ACTIVITY EXPENSES, NOT AS GRANTS TO INDIVIDUALS. 5. LOAN FORGIVENESS THE AMOUNT REPORTED IN PART III INCLUDES PAYMENTS MADE UNDER STANFORD'S GRADUATE SCHOOL OF BUSINESS (GSB) INTERNATIONAL OR NON-PROFIT LOAN FORGIVENESS PROGRAMS. THESE PROGRAMS ARE PART OF THE GSB'S BROADER GOAL TO HAVE GREATER INTERNATIONAL IMPACT AND TO INCREASE ACCESS TO GLOBAL OPPORTUNITIES. ELIGIBILITY FOR BOTH PROGRAMS IS MONITORED BY THE GSB FINANCIAL AID OFFICE, AND SINCE THE PROGRAMS ARE GIFT-FUNDED, THE UNIVERSITY IS REQUIRED TO DEMONSTRATE THAT IT HAS USED THE FUNDS IN ACCORDANCE WITH DONOR RESTRICTIONS. 6. TRAVEL STIPENDS DEPARTMENTS OF THE UNIVERSITY AWARD TRAVEL STIPENDS TO UNDERGRADUATE, GRADUATE AND POSTDOCTORAL STUDENTS WHERE IT IS DEEMED THAT FOREIGN ACADEMIC EXPERIENCE OR RESEARCH IS OF VALUE TO THE STUDENTS' INDIVIDUAL ACADEMIC ACHIEVEMENT. THESE STIPENDS ARE NOT SYSTEMATICALLY TRACKED GEOGRAPHICALLY IN THE ACCOUNTING SYSTEM, BUT HAVE BEEN IDENTIFIED VIA SELF-REPORTING OF STUDENT TRAVEL. STIPENDS IDENTIFIED BY THIS MECHANISM IN EXCESS OF $5,000 ARE REPORTED IN PART III. 7. PRIZES TO STUDENTS INCLUDED IN PROGRAM EXPENSES FOR GRANTMAKING ARE PRIZES AWARDED TO STUDENTS BY THE CENTER FOR EAST ASIAN STUDIES. NONE WERE IN EXCESS OF $5,000. SUB-AWARDS ARE PAYMENTS TO THIRD PARTY RECIPIENTS FOR PERFORMING A PORTION OF A STANFORD RESEARCH PROGRAM, MOST OFTEN A SPONSORED-RESEARCH PROJECT. MANY SUB-AWARDS ARE AGREEMENTS FOR CONTRACTUALLY DEFINED DELIVERABLES, USUALLY REQUIRING HIGHLY SPECIFIC EXPERTISE. AS SUCH THEY COULD BE DESCRIBED AS RESEARCH CONTRACTS. HOWEVER, CERTAIN SUB-AWARDS MIGHT ALSO BE CATEGORIZED AS GRANTS, DEPENDING ON THE NATURE OF THE ORIGINATING PRIME FUNDING SOURCE, SINCE THE TERMS AND CONDITIONS OF THE ORIGINATING FUNDING SOURCE GENERALLY FLOW THROUGH TO THE SUB-AWARD. ACCORDINGLY, GRANT-FUNDED SUB-AWARDS ARE REPORTED IN PART II. CONTRACT-FUNDED SUB-AWARDS TO FOREIGN RECIPIENTS ARE REPORTED IN PART I, LINE 3 AS RESEARCH PROGRAM ACTIVITIES. THE PROCEDURES FOR MONITORING BOTH TYPES OF SUB-AWARDS ARE ESSENTIALLY IDENTICAL. AN INITIAL RISK ASSESSMENT OF THE RECIPIENT IS CONDUCTED PRIOR TO THE GRANTING OF THE SUB-AWARD. THIS, TOGETHER WITH AN AUDIT/FINANCIALS REVIEW, PROVIDES INSIGHT ON WHETHER IT IS APPROPRIATE AND REASONABLE TO ENTER INTO THE SUB-AWARD, OR WHETHER ADDITIONAL TERMS MUST BE ADDED TO THE SUB-AWARD AGREEMENT FOR GREATER ASSURANCE OF ITS SAFE-HANDLING. IN ACCORDANCE WITH U.S. OMB CIRCULAR A-133 REQUIREMENTS, THE SUB-RECIPIENT IS REQUIRED TO ANNUALLY COMPLETE A QUESTIONNAIRE DESIGNED TO ASSESS CERTAIN ASPECTS OF THE ENTITY'S INTERNAL CONTROLS AND FINANCIAL STATUS. THIS INFORMATION IS COLLECTED AND REVIEWED BY SPONSORED RESEARCH SPECIALISTS. INVOICES SUBMITTED BY THE SUB-RECIPIENT TO THE UNIVERSITY ARE REVIEWED TO ENSURE THAT CHARGED EXPENSES MEET BOTH INTERNAL ACCOUNTING POLICIES, AS WELL AS STANDARDS ESTABLISHED BY U.S. OMB CIRCULAR A-21. AWARDS ARE MONITORED ON AN ONGOING BASIS BY MEETING, REPORT OR COMMUNICATION, BY BOTH THE AWARD PRINCIPAL INVESTIGATOR AND THE UNIVERSITY'S SUB-RECIPIENT MONITORING OFFICER TO ENSURE THAT PROGRESS IS BEING MADE AS AGREED. PART I, LINE 3: ENTER THE DETAILS FOR EACH TYPE OF ACTIVITY CONDUCTED AT ANY TIME DURING THE TAX YEAR IN EACH REGION. DESCRIBE THE METHOD USED TO ACCOUNT FOR EXPENDITURES ON PART I, COLUMN (F), LINE 3 AS A LEADING RESEARCH INSTITUTION, STANFORD UNIVERSITY CONDUCTS ACTIVITIES ALL OVER THE WORLD IN PURSUIT OF ITS ACADEMIC MISSION OF INSTRUCTION, RESEARCH AND PATIENT CARE. ITS STUDENT, FACULTY AND ALUMNI COMMUNITIES ARE SIMILARLY INTERNATIONAL IN CHARACTER, AND SEEK TO COLLABORATE IN AN INTERDEPENDENT WORLD TO UNDERSTAND AND SOLVE GLOBAL CHALLENGES. IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS, THE UNIVERSITY HAS REPORTED ON SCHEDULE F EXPENDITURES RELATING TO FOREIGN ACTIVITIES WHICH ARE SEPARATELY TRACKED IN THE ACCOUNTING SYSTEM. ALL UNIVERSITY EXPENDITURES ARE TRACKED AND REPORTED IN THE ACCOUNTING SYSTEM; HOWEVER, THERE HAS PREVIOUSLY BEEN NO BUSINESS PURPOSE TO WARRANT THE CATEGORIZATION OF EXPENDITURES GEOGRAPHICALLY. SYSTEMS ARE CURRENTLY BEING UPGRADED TO FACILITATE CAPTURE OF RELATED GEOGRAPHIC INFORMATION. GRANTMAKING: GRANTS REPORTED ON SCHEDULE F ARE SEPARATELY TRACKED IN THE ACCOUNTING SYSTEM, CATEGORIZED FOR FINANCIAL STATEMENT PURPOSES BY ACTIVITY AND EXPENDITURE TYPE. IT IS CURRENTLY NOT POSSIBLE TO EXHAUSTIVELY REPORT ALL GRANTS WHERE THE INTENDED PURPOSE IS FOR USE OUTSIDE THE U.S. BECAUSE THE PURPOSE OF THE INDIVIDUAL AWARDS IS NOT TRACKED IN THE ACCOUNTING SYSTEM. PROGRAM SERVICES: PROGRAM SERVICES INCLUDE ACTIVITIES RELATING TO THE CORE INSTITUTIONAL MISSION OF TEACHING, RESEARCH AND PATIENT CARE. FOR FINANCIAL STATEMENT PURPOSES, EXPENDITURES ARE REPORTED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE STATEMENT OF ACTIVITIES REPORTS BY COST OBJECT (SALARIES & BENEFITS, DEPRECIATION AND OTHER OPERATING EXPENSES), WITH ADDITIONAL DISCLOSURE AS TO FUNCTIONAL BASIS OF EXPENDITURES. STUDY ABROAD: INCLUDES EXPENSES DIRECTLY INCURRED IN REGIONS; AND, CONSISTENT WITH FINANCIAL STATEMENT TREATMENT, WHERE SALARIES ARE INCURRED, A COST ALLOCATION FOR FRINGE BENEFITS IS ALSO REPORTED. EDUCATION-CONFERENCES: REPRESENT EXPENSES RELATED TO STANFORD-SPONSORED ACADEMIC CONFERENCES HELD OUTSIDE OF THE US. EDUCATION-EXECUTIVE: STANFORD'S GRADUATE SCHOOLS OFFER EXECUTIVE EDUCATION PROGRAMS TO FACILITATE LIFE-LONG PROFESSIONAL LEARNING, AND DISSEMINATION OF CURRENT RESEARCH FINDINGS. EDUCATION-TRAVEL/STUDY PROGRAM: INCLUDES EXPENSES DIRECTLY INCURRED IN REGIONS FOR ALUMNI ASSOCIATION-SPONSORED TRAVEL STUDY TRIPS. RESEARCH: INCLUDES DIRECT COSTS INCURRED FOR FACULTY RESEARCH PROJECTS IN A SPECIFIC REGION, INCLUDING PAYMENTS FOR PROFESSIONAL SERVICES ENGAGED TO FURTHER THE RESEARCH PURPOSE. RESEARCH SUB-AWARDS: REPRESENT PAYMENT TO FOREIGN SUB-RECIPIENTS FOR CONTRACT-FUNDED SUB-AWARDS THAT RETAIN THEIR PRIME-SPONSOR TERMS AND CONDITIONS AS CONTRACTS. RESEARCH: CONSTRUCTION: REPRESENT EXPENSES INCURRED FOR THE CONSTRUCTION OF A FACILITY IN THE EAST ASIA/PACIFIC REGION TO HOUSE STANFORD FACULTY, STAFF AND STUDENTS ENGAGED IN ACADEMIC ACTIVITIES IN THAT REGION. FOREIGN TRAVEL: IS CATEGORIZED SEPARATELY IN THE ACCOUNTING SYSTEM TO MEET COST PRINCIPLES OF OMB A21. FUNDRAISING: INCLUDE THOSE EXPENSES DIRECTLY INCURRED IN THE REGION FOR FUNDRAISING ACTIVITIES. INVESTMENTS IN THE INTERESTS OF PRUDENT STEWARDSHIP OF ITS ENDOWMENT FUNDS, THE UNIVERSITY SEEKS TO MAINTAIN A DIVERSIFIED INVESTMENT PORTFOLIO OF ACTIVELY MANAGED FINANCIAL AND REAL ESTATE ASSETS LOCATED THROUGHOUT THE WORLD. DIVERSIFICATION AIMS TO ENSURE THAT THE ENDOWMENT GENERATES RETURNS THAT BOTH MEETS CURRENT OPERATING INCOME NEEDS AND PROVIDES FOR SUPPORT OF FUTURE STUDENTS AND PROGRAMS. THE PORTFOLIO IS CONSTRUCTED ON A FOUNDATION OF MODERN PORTFOLIO THEORY AND STRATEGIC ALLOCATION, SEEKING TO OPTIMIZE LONG-TERM RETURNS, CREATE CONSISTENT ANNUAL PAYOUTS TO THE UNIVERSITY'S OPERATING BUDGET AND PRESERVE PURCHASING POWER FOR FUTURE GENERATIONS OF STANFORD FACULTY AND STUDENTS. THE STANFORD MANAGEMENT COMPANY, A DIVISION OF THE UNIVERSITY, ACTIVELY MANAGES THE ENDOWMENT, SEEKING TO IDENTIFY AND INVEST WITH THE BEST THIRD-PARTY INVESTMENT MANAGERS TO DEPLOY ITS CAPITAL WORLDWIDE AND, IN ITS FIDUCIARY CAPACITY, CONDUCTS FURTHER APPROPRIATE DUE DILIGENCE. THE GEOGRAPHIC ALLOCATION OF THE UNIVERSITY'S INVESTMENTS, AS SHOWN IN SCHEDULE F, IS A RESULT OF THESE FACTORS. THE UNIVERSITY REPORTS IN PART I ITS REGIONAL NET BOOK VALUE INVESTMENT AMOUNTS, CONSISTENT WITH THE IRS REVISED 2010 INSTRUCTIONS FOR SCHEDULE F. ALSO REPORTED IN PART I ARE THE FOREIGN TRAVEL EXPENSES DIRECTLY RELATED TO THE REQUISITE DUE DILIGENCE AND MANAGEMENT OF THE ENDOWMENT PORTFOLIO. DESCRIBE THE METHOD USED TO ACCOUNT FOR CASH GRANTS AND NON CASH ASSISTANCE ON PART II SUB AWARDS ARE SEPARATELY TRACKED IN THE ACCOUNTING SYSTEM WITH THE IDENTIFICATION OF THE FUNDING SOURCE OF THE SUB AWARD (I.E. GRANT VS. CONTRACT) SEPARATELY TRACKED IN THE UNIVERSITY'S SPONSORED RESEARCH SYSTEM. DESCRIBE THE METHOD USED TO ACCOUNT FOR CASH GRANTS AND NON CASH ASSISTANCE ON PART III PAYMENTS TO INDIVIDUALS OUTSIDE OF THE UNITED STATES ARE TRACKED IN THE PAYABLES SUB-LEDGER OF THE ACCOUNTING SYSTEM. GRANT DISBURSEMENTS TO STUDENTS AND FACULTY ARE TRACKED AT A SUMMARY LEVEL IN THE ACCOUNTING SYSTEM. THE AWARDING OF INDIVIDUAL GRANT FUNDS IS A DECENTRALIZED ACADEMIC PROGRAM LEVEL RESPONSIBILITY; HOWEVER, THE GEOGRAPHIC LOCATION OF THE INTENDED USE OF THE FUNDS IS NOT CURRENTLY SYSTEMATICALLY TRACKED, AND THEREFORE CANNOT READILY BE IDENTIFIED OUTSIDE OF LARGE UNDERGRADUATE PROGRAMS WHICH MAKE SUCH AWARDS. CONSEQUENTLY, THE NUMBER OF RECIPIENTS REPORTED IN PART III REFLECT ACTUAL RECIPIENTS OF THOSE PROGRAMS, OR OTHER SELF-IDENTIFIED STUDENT RECIPIENTS. UNDER ONE LUNCH 616517 597067 19450 1500 100101 TAILGATES 25093 25093 0 36598 5 88019 88019 3900 222383 729629 597067 132562 5400 359082 364482 -231920 true Operation Gratitude 16444 Refugio Rd Encino CA 914363740 200103575 501(C)(3) 25000 GENERAL GRANT Spirit of America Worldwide File 50315 Los Angeles CA 900740315 201687786 501(C)(3) 10000 GENERAL GRANT Science and Environmental Policy Project 1600 S Eads St S Arlington VA 222022907 541645372 501(c)(3) 10000 GENERAL GRANT PRESIDENT & FELLOWS OF HARVARD COLLEGE 124 Mt Auburn St Cambridge MA 02138 042103580 501(c)(3) 250000 GENERAL GRANT AOPA Foundation 421 Aviation Way Frederick MD 217014756 208817225 501(c)(3) 300000 GENERAL GRANT National Dance Institute of New Mexico Inc 1140 Alto St Santa Fe NM 875012596 850431846 501(c)(3) 15000 GENERAL GRANT New Mexico School for the Arts 275 East Alameda Santa Fe NM 87501 264764395 501(c)(3) 15000 GENERAL GRANT The Santa Fe Opera P O Box 2408 Santa Fe NM 87504 850131810 501(c)(3) 25000 GENERAL GRANT Chabad Jewish Center of Santa Fe 242 W San Mateo Rd Santa Fe NM 87505 850446049 501(c)(3) 25000 GENERAL GRANT St John's College in Santa Fe 1160 Cam de Cruz Blanca Santa Fe NM 875054599 850162247 501(c)(3) 125000 GENERAL GRANT Educate New Mexico P O Box 794 Albuquerque NM 87103 850467810 501(c)(3) 10000 GENERAL GRANT Johns Hopkins University School of Medicine 100 N Charles S Baltimore MD 21201 520595110 501(c)(3) 10000 General Grant Alliance for School Choice 1660 L Street NW Washington DC 20036 522111508 501(c)(3) 25000 GENERAL GRANT Making Waves Education Program 200 24TH ST Richmond CA 94804 943267851 501(c)(3) 1000000 Gifts for 2010/11 The Innocence Project Inc 100 Fifth Ave New York NY 10011 320077563 501(c)(3) 20000 Gifts for 2010/11 The Intl Research Fdn (TIRF) 177 Webster St P O Box 220 Monterey CA 93940 541939288 501(c)(3) 30000 Gifts for 2010/11 Nuru International 71 Manzanita Rd Atherton CA 94027 261250716 501(c)(3) 20000 GENERAL GRANT Santa Barbara Center for Performing Arts 1330 STATE ST Santa Barbara CA 93101 953847102 501(c)(3) 25000 Gift for year 2011 UCSB Foundation UCSB Santa Barbara CA 931061130 237314834 501(c)(3) 100000 Institute for Energy Efficiency at UC Santa Barbar Massachusetts Institute of Technology 600 Memorial Dr Cambridge MA 02139 042103594 501(c)(3) 530000 Equipment purchase and MISTI Chile Fund Embrace 1902 Divisadero St San Francisco CA 94115 830509261 501(c)(3) 20000 GENERAL GRANT California Academy of Sciences 55 Music Concourse Dr San Francisco CA 94118 941156258 501(c)(3) 450000 GENERAL GRANT Second Harvest Food Bank 750 Curtner Ave San Jose CA 95125 942614101 501(c)(3) 10000 GENERAL GRANT Computer History Museum 1401 N Shoreline Blvd Mountain View CA 94043 770507525 501(c)(3) 10000 GENERAL GRANT Villanova University 800 Lancaster Ave Villanova PA 19085 231352688 501(c)(3) 20000 GENERAL GRANT Schwab Charitable Fund 211 Main St San Francisco CA 94105 311640316 501(c)(3) 4283465 VARIOUS Juvenile Diabetes Research Foundation Internationa 49 Stevenson St San Francisco CA 94105 231907729 501(c)(3) 10000 research purposes Menlo Park Presbyterian Church 950 Santa Cruz Ave Menlo Park CA 94025 941167435 501(c)(3) 50000 General GRANT YMCA Silicon Valley 1922 The Alameda San Jose CA 95126 941156318 501(c)(3) 10000 GENERAL GRANT Portland State University Foundation 1300 SW Fifth Ave Portland OR 97201 930619733 501(c)(3) 150000 Support an endowment for the Stampfer Professor of Oregon Health & Sciences University Fdn 1900 SW 5th Ave Portland OR 97201 237083114 501(c)(3) 500000 To match other gifts for the purchase of medical/s The Pioneer Fund 733 Broad St Grinnell IA 501121690 420680387 501(c)(3) 20000 GENERAL GRANT Menlo Park Atherton Education Foundation P O Box 584 Menlo Park CA 940260584 942871701 501(c)(3) 6000 GENERAL GRANT Valley Presbyterian Church 945 Portola Rd Portola Valley CA 94028 941556664 501(c)(3) 7500 GENERAL GRANT Oakland Children's Fairyland 699 Bellevue Ave Oakland CA 94610 943209054 501(c)(3) 25000 GENERAL GRANT Girls Incorporated of Alameda County 13666 E 14th St San Leandro CA 94578 941558073 501(c)(3) 25000 GENERAL GRANT Mills College 5000 MacArthur Blvd Oakland CA 946131301 941156566 501(c)(3) 50000 GENERAL GRANT Heroic Imagination Project 220 Halleck St San Francisco CA 94129 271964460 501(c)(3) 51000 GENERAL GRANT Cathedral School for Boys 1287 Sacramento St San Francisco CA 94108 941712328 501(c)(3) 9000 GENERAL GRANT 39 0 SCHOLARSHIPS FOR STUDENTS 12482 333513170 GRANTS AND ASSISTANCE Part I, Line 2 GRANTS AND ALLOCATIONS REFLECT NON-COMPENSATORY SUPPORT PROVIDED TO STUDENTS IN VARIOUS FORMS. STANFORD IS COMMITTED TO A NEED-BLIND ADMISSIONS POLICY, ADMITTING QUALIFIED UNDERGRADUATES WITHOUT REGARD TO THEIR ABILITY TO PAY AND PROVIDING A COMPREHENSIVE FINANCIAL AID PROGRAM FOR ALL ADMITTED UNDERGRADUATES WHO HAVE NEED AS DETERMINED BY THE UNIVERSITY AND WHO MEET OTHER REQUISITE CONDITIONS FOR FINANCIAL AID. MORE THAN 80% OF UNDERGRADUATES RECEIVED SOME FORM OF FINANCIAL ASSISTANCE DURING THE TAX YEAR AS WELL AS 85% OF ALL GRADUATE STUDENTS from stanford and other sources. THE TOTAL FINANCIAL AID INCLUDES $230,307,218 IN MERIT AND NEED-BASED SCHOLARSHIPS AND FELLOWSHIPS. AN ADDITIONAL $103,205,952 REFLECTS AMOUNTS PAID FOR ADDITIONAL FINANCIAL SUPPORT TO STUDENTS, INCLUDING PAYMENTS FOR HEALTH INSURANCE, LIVING EXPENSES, AND SUPPORT OF POSTDOCTORAL FELLOWS. GRANT RECOMMENDATIONS FROM DONOR ADVISED FUNDS ARE REVIEWED AND APPROVED BY SENIOR OFFICIALS IN THE OFFICE OF DEVELOPMENT AND THE CONTROLLER'S OFFICE PRIOR TO PAYMENT. SUB-GRANTS Stanford occasionally receives grant support that is disbursed to other individuals or entities per the terms of the award. In most cases, prior to the grant to Stanford, the University will provide the granting entity with a list of such contemplated recipients. Generally, as work on the grant progresses, changes to these recipients must be approved by the granting agency. Due to these review requirements of the granting agency, Stanford does not report such payments on Form 990 as sub-grants when made to a domestic recipient. X X X X true true X X X X X true true false false false false false true true true JOHN HENNESSY 674963 0 0 0 28695 0 195956 0 133943 0 1033557 0 0 JOHN ETCHEMENDY 494485 0 0 0 200 0 209332 0 62234 0 766251 0 0 RANDALL LIVINGSTON 474700 0 0 0 200 0 84500 0 38874 0 598274 0 0 MARTIN SHELL 410467 0 83810 0 378263 0 89500 0 29684 0 991724 0 304398 0 DEBRA ZUMWALT 497743 0 0 0 0 0 153250 0 16065 0 667058 0 0 ROBERT C REIDY 340422 0 300000 0 637559 0 224500 0 34312 0 1536793 0 625000 0 DAVID DEMAREST 309962 0 10000 0 251416 0 74500 0 36019 0 681897 0 250000 0 HOWARD WOLF 288031 0 46950 0 625 0 23728 0 48960 0 408294 0 0 WILLIAM MADIA 227736 0 50000 0 39488 0 65776 0 3045 0 386045 0 0 JOHN POWERS 761959 0 397303 0 525806 0 402770 0 21588 0 2109426 0 525806 0 PHILIP A PIZZO 591226 0 0 0 19091 0 238500 0 24238 0 873055 0 0 RICHARD SALLER 437825 0 10000 0 46528 0 18337 0 9704 0 522394 0 0 FRANK HANLEY 443559 0 1025109 0 0 0 224500 0 18428 0 1711596 0 0 GARY STEINBERG 679213 0 492971 0 1105 0 24500 0 19423 0 1217212 0 0 BRUCE A REITZ 131664 0 0 0 952185 0 9544 0 8919 0 1102312 0 0 WILLARD E FEE JR 273875 0 0 0 755262 0 24500 0 20469 0 1074106 0 0 JAMES JOSEPH HARBAUGH 691564 0 320000 0 15639 0 19917 0 25964 0 1073084 0 0 DIANE PECK 287097 0 26000 0 28562 0 24500 0 19996 0 386155 0 0 PART I, LINE 1A TRAVEL POLICY STANFORD UNIVERSITY TRAVEL POLICY GENERALLY REQUIRES ALL EMPLOYEES TO USE THE MOST ECONOMICAL MODE OF TRANSPORTATION AVAILABLE CONSISTENT WITH THE AUTHORIZED BUSINESS PURPOSE OF THE TRAVEL. IN ORDER TO BE REIMBURSED ON A TAX-FREE BASIS EMPLOYEES ARE REQUIRED TO COMPLY WITH THE ACCOUNTABLE PLAN RULES UNDER I.R.C. SECTION 62. UNIVERSITY OFFICERS AND OTHER INDIVIDUALS ENUMERATED IN SCHEDULE J ARE FULLY SUBJECT TO THE SAME POLICIES AND PROCEDURES AS ANY OTHER EMPLOYEE OF THE UNIVERSITY. ON RARE OCCASIONS, FIRST CLASS TRAVEL WILL BE AUTHORIZED BASED ON MEDICAL NEED OR OTHER EXIGENCY APPROVED BY THE PROVOST. SIMILARLY, REIMBURSEMENT OF TRAVEL FOR COMPANIONS IS SUBJECT TO THE PRE-APPROVAL OF THE PROVOST AND MUST DIRECTLY SUPPORT THE AUTHORIZED BUSINESS PURPOSE OF THE TRAVEL IN ORDER TO BE TREATED AS NON-TAXABLE. PRESIDENT AND PROVOST HOUSING AS A CONDITION OF HIS EMPLOYMENT AS PRESIDENT OF THE UNIVERSITY AND FOR THE CONVENIENCE OF THE UNIVERSITY, PRESIDENT HENNESSY IS REQUIRED TO LIVE IN THE PRESIDENT'S HOME ON THE CAMPUS OF THE UNIVERSITY. AS A CONDITION OF HIS EMPLOYMENT AS PROVOST OF THE UNIVERSITY AND FOR THE CONVENIENCE OF THE UNIVERSITY, PROVOST ETCHEMENDY IS ALSO REQUIRED TO LIVE ON THE CAMPUS OF THE UNIVERSITY. THEIR RESIDENCES ARE USED FREQUENTLY FOR UNIVERSITY BUSINESS, INCLUDING OFFICIAL GATHERINGS OF FACULTY, STAFF, STUDENTS, ALUMNI, DONORS, AND THEIR FAMILIES. AS PART OF A PROGRAM OF APPROPRIATE AND REGULAR MAINTENANCE OF THESE HOUSES, THE UNIVERSITY PROVIDES CLEANING SERVICE FOR THE PUBLIC AND PRIVATE AREAS. THE UNIVERSITY HAS INCLUDED AS NONTAXABLE COMPENSATION IN COLUMN D THE ESTIMATED RENTAL VALUE OF THE HOUSING FOR THE AREAS OF THESE RESIDENCES RESERVED FOR THE PERSONAL USE OF THE EMPLOYEES, BASED UPON THE PREVAILING RENTAL RATES IN PALO ALTO, AND ACTUAL COSTS OF RELATED SERVICES FOR THE PERSONAL AREAS, INCLUDING MAINTENANCE, CLEANING, AND UTILITIES. PART I, LINE 4A CERTAIN FACULTY MEMBERS MAY RECEIVE RETIREMENT INCENTIVES CONSISTING OF A LUMP SUM PAYMENT CONTINGENT ON SEVERANCE OF SERVICE. INCLUDED IN WILLARD E. FEE, JR.'S COMPENSATION REPORTED IN COLUMN B(III) IS A PAYMENT OF $755,248 IN RETIREMENT INCENTIVES. INCLUDED IN BRUCE A. REITZ'S COMPENSATION REPORTED IN COLUMN B(III) IS A PAYMENT OF $952,076 IN RETIREMENT INCENTIVES. PART I, LINE 4B DEFERRED COMPENSATION PLAN PROVISIONS OFFICERS AND OTHERS LISTED IN SCHEDULE J, PART II PARTICIPATE IN A DEFERRED COMPENSATION PLAN. ANNUALLY, AMOUNTS ARE CREDITED TO THE PLAN BASED ON PERFORMANCE AND CERTAIN OTHER FACTORS. THESE AMOUNTS APPEAR IN SCHEDULE J, PART II, COLUMN (C). PLAN BALANCES ARE SUBJECT TO FORFEITURE AND/OR PAYMENT ONLY IF CERTAIN CONDITIONS ARE MET. AMOUNTS APPEARING IN COLUMN (F) ARE DEFERRED COMPENSATION PAYMENTS REPORTED IN COLUMN (C) IN PRIOR YEARS AND THAT ARE REPORTED (A SECOND TIME) IN COLUMN (B)(III) IN THE CURRENT YEAR. SCHEDULE J, PART II, COLUMN (F) AMOUNTS APPEARING HERE ARE AMOUNTS THAT WERE REPORTED ON PREVIOUS FORMS 990 AS CREDITED TO THE EMPLOYEE'S ACCOUNT AND DURING THIS REPORTING PERIOD WERE PAID OUT OF THAT ACCOUNT. INCLUDED IN MARTIN SHELL'S COMPENSATION REPORTED IN COLUMN B(III) IS A PAYMENT FROM HIS DEFERRED COMPENSATION ACCOUNT OF $304,398. INCLUDED IN ROBERT C. REIDY'S COMPENSATION REPORTED IN COLUMN B(III) IS A PAYMENT FROM HIS DEFERRED COMPENSATION ACCOUNT OF $625,000. INCLUDED IN DAVID DEMAREST'S COMPENSATION REPORTED IN COLUMN B(III) IS A PAYMENT FROM HIS DEFERRED COMPENSATION ACCOUNT OF $250,000. INCLUDED IN JOHN POWERS'S COMPENSATION REPORTED IN COLUMN B(III) IS A PAYMENT FROM HIS DEFERRED COMPENSATION ACCOUNT OF $525,806. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) THE UNIVERSITY PROVIDES THE PRESIDENT WITH A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) TO SUPPLEMENT HIS SOCIAL SECURITY AND 403(B) RETIREMENT BENEFITS. THE SERP IS EARNED GRADUALLY THROUGH HIS TERM OF SERVICE AS AN OFFICER. ANNUAL ACCRUALS ARE MADE AS OF THE END OF EACH CONTRACT YEAR WHICH COINCIDES WITH THE UNIVERSITY'S FISCAL YEAR. IF THE PRESIDENT REMAINS IN HIS POSITION THROUGH AUGUST 31, 2012, HE WILL RECEIVE A BENEFIT APPROXIMATELY EQUAL TO AN ANNUAL PAYMENT FOR LIFE OF 35.5% OF HIS HIGHEST THREE YEAR AVERAGE BASE PAY (2 PERCENTAGE POINTS OF WHICH WAS EARNED IN FY 2011), OFFSET BY THE ANNUITY EQUIVALENT OF HIS ANTICIPATED SOCIAL SECURITY BENEFIT AND AMOUNTS CONTRIBUTED BY THE UNIVERSITY DIRECTLY TO HIS 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN WHILE HE IS AN OFFICER. THE SERP BENEFIT IS SUBJECT TO FORFEITURE IF CERTAIN CONDITIONS ARE NOT MET. FOR THE YEAR ENDED AUGUST 31, 2011, THE VALUE OF THE ANNUAL ACCRUAL OF THIS BENEFIT WAS $171,456 AND IS INCLUDED ON SCHEDULE J-1 COLUMN (C) AS DEFERRED COMPENSATION. THE UNIVERSITY ALSO PROVIDES THE PROVOST WITH A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) TO SUPPLEMENT HIS SOCIAL SECURITY AND 403(B) RETIREMENT BENEFITS. THE SERP IS EARNED GRADUALLY THROUGH HIS TERM OF SERVICE AS PROVOST. ANNUAL ACCRUALS ARE MADE AS OF THE END OF EACH CONTRACT YEAR WHICH COINCIDES WITH THE UNIVERSITY'S FISCAL YEAR. IF THE PROVOST REMAINS IN HIS POSITION THROUGH AUGUST 31, 2012, HE WILL RECEIVE A BENEFIT APPROXIMATELY EQUAL TO AN ANNUAL PAYMENT FOR LIFE OF 33% OF HIS HIGHEST THREE YEAR AVERAGE BASE PAY (3 PERCENTAGE POINTS OF WHICH WAS EARNED IN FY 2011), OFFSET BY THE ANNUITY EQUIVALENT OF HIS ANTICIPATED SOCIAL SECURITY BENEFIT AND AMOUNTS CONTRIBUTED BY THE UNIVERSITY DIRECTLY TO HIS 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN WHILE HE IS AN OFFICER. THE SERP BENEFIT IS SUBJECT TO FORFEITURE IF CERTAIN CONDITIONS ARE NOT MET. FOR THE YEAR ENDED AUGUST 31, 2011, THE VALUE OF THE ANNUAL ACCRUAL OF THIS BENEFIT WAS $184,832 AND IS INCLUDED ON SCHEDULE J-1 COLUMN (C) AS DEFERRED COMPENSATION. PART I, LINE 7 AND PART II, COLUMN B (II) COMPENSATION OF FACULTY IN THE STANFORD SCHOOL OF MEDICINE TOTAL COMPENSATION FOR FACULTY IN THE SCHOOL OF MEDICINE IS MADE UP OF THE FOLLOWING INTEGRAL COMPONENTS: SALARY AND BENEFITS, ADMINISTRATIVE SUPPLEMENTS, AND BONUSES AWARDED UNDER DEPARTMENTAL PLANS. BASE SALARY IS BASED ON ACADEMIC RANK (E.G., PROFESSOR, ASSISTANT PROFESSOR). A VARIABLE COMPONENT OF SALARY IS DETERMINED PRIMARILY BY THE CONTRIBUTION OF THE INDIVIDUAL TO THE DEPARTMENT/DIVISION AND SECONDARILY BY THE CLINICAL SPECIALTY OF THE FACULTY MEMBER. OTHER SALARY SUPPLEMENTS ARE OCCASIONALLY USED TO PROVIDE FOR COMPENSATION GIVEN UP BY A FACULTY MEMBER WHEN ASSUMING A POSITION AT STANFORD. ADMINISTRATIVE SUPPLEMENTS ARE PAID TO FACULTY WHO TAKE ON DUTIES WHICH ARE OUTSIDE THEIR USUAL FACULTY RESPONSIBILITIES AND OUTSIDE NORMAL COMMITTEE WORK. INCENTIVE BONUSES ARE CONSIDERED A FUNDAMENTAL COMPONENT OF TOTAL COMPENSATION. THEY ARE PAID OUT BY THE DEPARTMENTS BASED ON THE DEPARTMENT'S INCENTIVE BONUS PLAN MEASURING THE FACULTY'S EFFORTS IN RESEARCH, TEACHING, CLINICAL, AND/OR ADMINISTRATIVE LEADERSHIP AREAS AS DEFINED BY THE PLAN. IN ADDITION, THE DEAN HAS A BONUS PLAN FOR CLINICAL CHAIRS BASED ON ACHIEVEMENT OF LEADERSHIP GOALS. SOME DEPARTMENTS HAVE "ON-CALL" AND "COVERAGE" BONUSES TO PROVIDE COMPENSATION FOR A FACULTY MEMBER'S PROVIDING OFF-HOURS COVERAGE. VARIABLE COMPENSATION OF INVESTMENT PROFESSIONALS A PORTION OF THE COMPENSATION PAID TO LISTED INVESTMENT PROFESSIONAL EMPLOYEES IS BASED ON A COMBINATION OF THREE FACTORS: THREE YEAR ANNUALIZED PERFORMANCE VERSUS THE RELEVANT POLICY portfolio BENCHMARK RETURN FOR THAT PERIOD, THREE YEAR ANNUALIZED PERFORMANCE VERSUS THe PERFORMANCE OF THE NINETEEN LARGEST COLLEGE AND ENDOWMENT INVESTMENT POOLS IN THE UNITED STATES, AND INDIVIDUAL PERFORMANCE. VARIABLE COMPENSATION OF OFFICERS AND OTHERS OFFICERS AND OTHERS ARE ELIGIBLE TO RECEIVE BONUSES AND INCENTIVE COMPENSATION BASED ON PERFORMANCE, AS ENUMERATED IN PART II, COLUMN B(II). COMPENSATION IN EXCESS OF THE CONTRACTUAL BASE COMPENSATION FOR THE FOOTBALL COACH IS BASED ON THE DISCRETION OF THE PROVOST AND THE DIRECTOR OF ATHLETICS. ONE-HALF OF THE ADDITIONAL COMPENSATION IS BASED ON TEAM ACADEMIC ACHIEVEMENT AND ONE-HALF IS BASED ON PROGRAM MANAGEMENT AND PROGRAM ACHIEVEMENT. PART I, LINE 8 CERTAIN OFFICERS ARE SERVING UNDER THE PROVISIONS OF THEIR INITIAL CONTRACTS TO SERVE AS OFFICERS OF THE UNIVERSITY, WHICH PRINCIPALLY ESTABLISHES THEIR COMPENSATION, RESPONSIBILITIES, AND DUTIES. PART II, COLUMN B (iii) HOUSING ASSISTANCE OTHER REPORTABLE COMPENSATION IN PART II, COLUMN B(III) INCLUDES HOUSING ASSISTANCE AND OTHER MISCELLANEOUS COMPENSATION. IN ADDITION, STANFORD HAS PROVIDED VARIOUS ITEMS OF "LISTED PROPERTY" (E.G., COMPUTERS AND PERIPHERALS) TO THE ABOVE LISTED EMPLOYEES PRINCIPALLY FOR THEIR BUSINESS USE. Part II, Columns C AND D STANFORD OFFICERS ACCRUE FUTURE BENEFITS THAT ARE AVAILABLE TO ALL STANFORD EMPLOYEES, SUCH AS POST-RETIREMENT MEDICAL INSURANCE AND TUITION BENEFITS, AND LISTED PERSONS WHO ARE ALSO FACULTY ACCRUE FUTURE FACULTY BENEFITS SUCH AS SABBATICAL AND TENURE BUYOUT PROVISIONS. THESE BENEFITS ARE SUBJECT TO CERTAIN ELIGIBILITY REQUIREMENTS SUCH AS AGE, YEARS OF SERVICE, AND EMPLOYEE CLASSIFICATION. FOR SOME BENEFIT PLANS, THE UNIVERSITY RESERVES THE RIGHT TO CHANGE ELIGIBILITY REQUIREMENTS AND/OR THE NATURE AND EXTENT OF THE BENEFIT BEING PROMISED. THE VALUE OF THESE BENEFITS IS REPORTED FOR EACH OFFICER IN THE YEAR, IF ANY, SUCH BENEFITS ARE RECEIVED. PART II DAVID JONES WAS APPOINTED VICE PRESIDENT OF HUMAN RESOURCES IN FEBRUARY 2011. IN ACCORDANCE WITH FORM 990 INSTRUCTIONS, NO SALARY WAS REPORTED FOR MR. JONES, BECAUSE HE RECEIVED NO COMPENSATION AS AN OFFICER DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2010. CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY CP 521705592 13018AAA8 2008-05-22 300000000 SEE SCHEDULE O false false false CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY S 521705592 130175P89 2004-06-24 181200000 SEE SCHEDULE O false false false CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY T-1&3 521705592 130178JD9 2007-09-06 153277097 SEE SCHEDULE O false false false CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY T-4 521705592 130178NH5 2008-05-15 188501621 SEE SCHEDULE O false false false 300218010 1851659 90830341 218010 2010 true false false true 182432950 1198734 992205 147794061 32447950 2006 true false true true 156107242 595440 661216 64355560 90495026 2009 true false true true 188507302 951621 0 187555681 2009 true false true true false true false true true 0.00000 0.00000 0.00000 true false true false true true 0.00000 0.00000 0.00000 true false true false true true 0.00000 0.00000 0.00000 true false true false true true 0.00000 0.00000 0.00000 true false true false false false true false true false false false false false false false false false false false false false false false false ROBERT REIDY HOUSING X 200000 200000 false true true RICHARD SALLER HOUSING X 600000 203515 false true true RICHARD SALLER HOUSING X 300000 300000 false true true RICHARD SALLER HOUSING X 300000 180000 false true true RICHARD SALLER HOUSING X 25000 25000 false true true PHILIP PIZZO HOUSING X 1500000 1500000 false true true PHILIP PIZZO HOUSING X 1211800 1205777 false true true PHILIP PIZZO HOUSING X 125000 25000 false true true MARTIN SHELL HOUSING X 1000000 1000000 false true true 4639292 SEE SCHEDULE O PLEASE SEE SCHEDULE O FOR A COMPLETE DISCLOSURE OF THE UNIVERSITY'S CONFLICT OF INTEREST POLICIES AND DISCLOSURES OF TRANSACTIONS WITH INTERESTED PERSONS. X 33 0 N/A X 0 N/A X 1304 143385068 MARKET VALUE X 13 12500795 APPRAISAL X 16 11401646 APPRAISAL X 2 11175000 APPRAISAL X 3 0 N/A X HORSES 4 0 N/A X EQUIPMENT 3 58906 RETAIL 26 false true false PART I, COLUMN (B) IN COLUMN B, STANFORD IS REPORTING THE NUMBER OF CONTRIBUTIONS. PART I, LINE 33 NON-CASH CONTRIBUTIONS - GENERAL EXPLANATION STANFORD DOES NOT INCLUDE IN GIFT REVENUE TOTALS THE FOLLOWING TYPES OF NON-CASH CONTRIBUTIONS: - ART - BOOKS AND PUBLICATIONS - COLLECTIBLES - HORSES IN MANY CASES, VALUES OF SUCH ITEMS ARE DIFFICULT AND EXPENSIVE TO ASCERTAIN AND CONFIRM FOR FINANCIAL STATEMENT PURPOSES AND THEREFORE ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. INDEX OF RESPONSES APPEARING IN SCHEDULE O Form Reference Description ============== =========== FORM 990, PAGE 1, LINE K FORM OF ORGANIZATION Form 990, Parts I and III, Line 1 Organization's Mission Form 990, Part I, Line 6 Volunteers Form 990, Part III, Line 4a-d Statement of Program Accomplishments Form 990, Part IV, Line 12A-12B How the Financial Statements were Audited Form 990, Part V, Line 4b Countries of Foreign Bank Accounts Form 990, Part VI, Section B, Line 11A Preparation and Review of the Form 990 Form 990, Part VI, Section A, Line 2; Section B, Line 12c; and Schedule L, Part IV Conflict of Interest Form 990, Part VI, Section B, Line 15 Compensation Determination Form 990, Part VI, Section C, Line 19 How Stanford Makes Its Governing Documents Available to the Public FORM 990, PART VII, SECTION B INDEPENDENT CONTRACTORS FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OF FUND BALANCES Schedule K TAX EXEMPT BONDS Schedule K, Part I, Column C CUSIP Number Schedule K, Part I, Column F Description of Purpose for Tax-Exempt Bonds SCHEDULE K, PART II COMMERCIAL PAPER DEBT SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS SCHEDULE K, PART III REFINANCING SCHEUDLE K, PART III, LINES 4-5 PRIVATE BUSINESS USE SCHEUDLE K, PART IV FORM 8038-T SCHEDULE L, PART II LOANS TO/FROM INTERESTED PERSONS FORM 990, PAGE 1, LINE K FORM OF ORGANIZATION THE LELAND STANFORD JUNIOR UNIVERSITY WAS FOUNDED BY SENATOR AND MRS. LELAND STANFORD ON NOVEMBER 11, 1885, IN MEMORY OF THEIR ONLY CHILD, LELAND, JR. THE FOUNDING WAS ACCOMPLISHED BY A GRANT OF ENDOWMENT, KNOWN AS THE FOUNDING GRANT, WHICH CONVEYED IN TRUST TO A BOARD OF TRUSTEES CERTAIN PROPERTIES, DIRECTED THAT A UNIVERSITY BE ESTABLISHED AND OUTLINED THE OBJECTIVES AND GOVERNMENT OF THE UNIVERSITY. SUBSEQUENT LEGISLATION IN THE STATE OF CALIFORNIA GRANTED THE UNIVERSITY CORPORATE POWERS EFFECTIVE 1901. ACCORDINGLY, STANFORD HAS ELECTED TO BE TREATED AS A CORPORATION FOR THE PURPOSES OF THE ADMINISTRATION OF FEDERAL AND STATE INCOME TAX LAW. Form 990, Parts I and III, Line 1 Organization's Mission - CONTINUED FROM PART I, LINE 1 & PART III, LINE 1 STANFORD IS INTERNATIONALLY RECOGNIZED FOR THE QUALITY OF ITS TEACHING AND RESEARCH, ITS DISTINGUISHED FACULTY, AND ITS OUTSTANDING STUDENT BODY. IN THE YEARS SINCE ITS FOUNDING IN 1885, STANFORD HAS GROWN TO OVER 1900 FACULTY MEMBERS AND AN ENROLLMENT OF APPROXIMATELY 6900 UNDERGRADUATE AND 8800 GRADUATE STUDENTS. THE OBJECTIVE AND PURPOSES OF STANFORD UNIVERSITY, JANE AND LELAND STANFORD WROTE IN THEIR FOUNDING GRANT IN 1885, ARE "TO QUALIFY ITS STUDENTS FOR PERSONAL SUCCESS, AND DIRECT USEFULNESS IN LIFE; ... TO PROMOTE THE PUBLIC WELFARE BY EXERCISING AN INFLUENCE IN BEHALF OF HUMANITY AND CIVILIZATION, TEACHING THE BLESSINGS OF LIBERTY REGULATED BY LAW, AND INCULCATING LOVE AND REVERENCE FOR THE GREAT PRINCIPLES OF GOVERNMENT AS DERIVED FROM THE INALIENABLE RIGHTS OF MAN TO LIFE, LIBERTY, AND THE PURSUIT OF HAPPINESS." FORM 990, PART I, LINE 6 VOLUNTEERS THERE ARE THOUSANDS OF ALUMNI AND FRIENDS OF STANFORD UNIVERSITY WHO VOLUNTEERED THEIR SERVICES TO STANFORD OVER THE COURSE OF THE YEAR. THESE SERVICES RANGE FROM SERVING AS A MEMBER OF THE BOARD OF TRUSTEES OF THE UNIVERSITY TO BEING ON A FUNDRAISING COMMITTEE TO BEING ON AN ADVISORY BOARD OF AN INSTITUTE. FORM 990, PART III, LINE 4A STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS, CONTINUED FROM PAGE 3 (EXPENSES $1,160,020,710 INCLUDING GRANTS OF $32,549,385, REVENUE $933,008,109) INSTRUCTION AND DEPARTMENTAL RESEARCH: INCLUDES THE SALARIES, FRINGE BENEFITS AND SUPPLIES NECESSARY TO TEACH ABOUT 15,700 STUDENTS, INCLUDING 6,900 UNDERGRADUATE AND 8,800 GRADUATE AND PROFESSIONAL SCHOOL STUDENTS. STANFORD'S 1,900 -PERSON FACULTY INCLUDES 16 NOBEL PRIZE WINNERS AND FOUR PULITZER PRIZE WINNERS. STANFORD HAS SEVEN SCHOOLS: BUSINESS, EARTH SCIENCES, EDUCATION, ENGINEERING, HUMANITIES AND SCIENCES, LAW, AND MEDICINE. CURRENT MULTIDISCIPLINARY INITIATIVES FOCUS ON WORLDWIDE PROBLEMS INVOLVING ENVIRONMENTAL SUSTAINABILITY, HUMAN HEALTH, GLOBAL PEACE AND SECURITY, AND K-12 EDUCATION. UNDERGRADUATES CHOOSE AMONG 60 MAJORS AND ARE ENCOURAGED TO LEARN CRITICAL THINKING SKILLS THROUGH RESEARCH. STANFORD STRIVES FOR CLOSE INTERACTION WITH FACULTY TO PREPARE STUDENTS TO BE TOMORROW'S LEADERS. FORM 990, PART III, LINE 4B (EXPENSES $1,019,584,223 INCLUDING GRANTS OF $31,731,413, REVENUE "NON PUBLIC" ONLY $190,714,418) ORGANIZED RESEARCH: RESEARCH IS INTEGRAL TO THE EDUCATIONAL MISSION OF STANFORD AND INVOLVES FACULTY, GRADUATE STUDENTS, AND UNDERGRADUATES WHO SEEK NEW KNOWLEDGE IN SERVICE TO HUMANITY. STANFORD FACULTY MEMBERS HAVE CONTRIBUTED TO ADVANCEMENTS IN HIGH TECHNOLOGY, INCLUDING THE CREATION OF DIGITAL SUBSCRIBER LINES, IDENTITY-BASED ENCRYPTION, GLOBAL POSITIONING SYSTEMS AND THE REDUCED INSTRUCTION SET COMPUTER, AMONG OTHER DISCOVERIES; DISEASE IDENTIFICATION AND MANAGEMENT, INCLUDING PROGRAMS USED BY MORE THAN 500 ORGANIZATIONS WORLDWIDE CONCERNED WITH CHRONIC HEALTH PROBLEMS SUCH AS ARTHRITIS AND HIV/AIDS; AND GENOME SEQUENCING, INCLUDING DISCOVERIES THAT CREATED THE FIELD OF GENETIC ENGINEERING. TODAY'S STANFORD FACULTY MEMBERS ARE LEADERS IN STEM CELL RESEARCH, NANOTECHNOLOGY, BIOENGINEERING, COMPUTING TECHNOLOGY, REFORM OF OUR NATION'S SCHOOLS AND ENVIRONMENTAL SUSTAINABILITY. THROUGH BOTH BASIC AND APPLIED RESEARCH, STANFORD IS COMMITTED TO PROVIDING NEW KNOWLEDGE THAT FUELS OUR NATIONAL ECONOMY AND TO TRAINING GRADUATE STUDENTS WHO WILL BECOME TOMORROW'S TEACHERS AND RESEARCHERS. STANFORD FACULTY MEMBERS ARE KNOWN FOR THEIR ABILITY TO CROSS INTERDISCIPLINARY BOUNDARIES TO CREATE TEAMS OF RESEARCHERS ABLE TO PROVIDE NEW INSIGHTS TO COMPLEX, WORLDWIDE PROBLEMS. SPECIFICALLY, STANFORD RESEARCHERS ARE FOCUSING THEIR RESOURCES TO MAKE GROUNDBREAKING ADVANCES THAT WILL LEAD TO IMPROVEMENTS IN HUMAN HEALTH, ENVIRONMENTAL SUSTAINABILITY, GLOBAL PEACE AND SECURITY, AND K-12 EDUCATION. FORM 990, PART III, LINE 4C (EXPENSES $674,734,845 INCLUDING GRANTS OF $1,062,099, REVENUE $621,597,020) UNIVERSITY AUXILIARY ACTIVITIES: INCLUDES AMONG OTHERS PATIENT CARE, STUDENT RESIDENCE AND DINING (R&DE), AND INTER-COLLEGIATE ATHLETIC PROGRAMS. RESIDENTIAL & DINING ENTERPRISES (R&DE) GENERATES REVENUES PRIMARILY THROUGH STUDENT ROOM AND BOARD, CONFERENCE FEES, AND OTHER ENTERPRISES. R&DE HOUSES 6,260 UNDERGRADUATE RESIDENTS (96% OF TOTAL UNDERGRADUATE STUDENTS) AND 4,760 GRADUATE RESIDENTS (56% OF TOTAL GRADUATE STUDENTS) AND SERVES 12,000 MEALS PER DAY (4,036 STUDENTS ON MEAL PLAN), WHILE PROVIDING STEWARDSHIP FOR 5 MILLION SQ FT OF PHYSICAL PLANT (OVER 1/3 OF CAMPUS). THE UNIVERSITY AND R&DE HAVE BEEN INVESTING IN THE RESIDENTIAL EDUCATION PROGRAM TO FOSTER AN ENVIRONMENT OF INTELLECTUAL, EDUCATIONAL, AND COMMUNITY-BUILDING ACTIVITIES IN STUDENT RESIDENCES. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES (EXPENSES $560,139,486 INCLUDING GRANTS OF $277,405,043) ACADEMIC SUPPORT AND PUBLIC SERVICE 285,755,998 STUDENT FINANCIAL AID 230,307,218 SLAC CONSTRUCTION AND OTHER 44,076,270 ___________ TOTAL OTHER PROGRAM SERVICE EXPENSES 560,139,486 ACADEMIC SUPPORT AND PUBLIC SERVICE: STANFORD'S 17 MAIN AND BRANCH LIBRARIES INCLUDE MORE THAN 9.1 MILLION VOLUMES, 2.3 MILLION AUDIOVISUAL MATERIALS, 83,000 CURRENT SERIALS, THOUSANDS OF DIGITAL RESOURCES, AND 5.7 MILLION MICROFORM HOLDINGS. SPECIAL COLLECTIONS INCLUDE ABOUT 290,000 RARE BOOKS AND MORE THAN 59 MILLION PAGES OF MATERIALS. STANFORD UNIVERSITY PRESS PUBLISHES ABOUT 130 BOOKS PER YEAR, TWO-THIRDS OF WHICH ARE SCHOLARLY MONOGRAPHS AND TEXTBOOKS IN THE HUMANITIES AND THE SOCIAL SCIENCES. HIGHWIRE PRESS IS AN ELECTRONIC JOURNAL DEVELOPING AND HOSTING SERVICE THAT PRODUCES THE ONLINE VERSIONS OF 1,665 PEER-REVIEWED JOURNALS AND OTHER SCHOLARLY CONTENT. THE STANFORD UNIVERSITY NETWORK INCLUDES MORE THAN 150,000 COMPUTERS WITH ASSIGNED INTERNET PROTOCOL ADDRESSES. MORE THAN 9.5 TERABYTES OF DATA FLOW BETWEEN SUNET AND THE INTERNET EACH DAY. STUDENT SERVICES INCLUDE, AMONG OTHERS, THE DEAN OF STUDENTS OFFICE, THE REGISTRAR, THE ADMISSIONS OFFICE, THE FINANCIAL AID OFFICE, AND THE OFFICE FOR RELIGIOUS LIFE. STUDENT FINANCIAL AID: INCLUDES MERIT AND NEED-BASED SCHOLARSHIPS AND FELLOWSHIPS. SLAC CONSTRUCTION AND OTHER: THE UNIVERSITY MANAGES AND OPERATES THE SLAC NATIONAL ACCELERATOR LABORATORY FOR THE DEPARTMENT OF ENERGY ("DOE") UNDER A MANAGEMENT AND OPERATING CONTRACT. REVENUES AND EXPENDITURES ARE INCLUDED IN STANFORD'S FINANCIAL STATEMENTS; ASSETS AND LIABILITIES ARE CARRIED ON DOE'S BOOKS. ACCORDINGLY, CONSTRUCTION EXPENDITURES ARE RECORDED AS EXPENDITURES HEREIN. FORM 990 PART IV, LINES 12A AND 12B HOW THE FINANCIAL STATEMENTS WERE AUDITED STANFORD'S CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED AUGUST 31, 2011 AND AUGUST 31, 2010 WERE AUDITED BY THE ACCOUNTING FIRM OF PRICEWATERHOUSECOOPERS ("PWC"). AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE UNIVERSITY'S FINANCIAL STATEMENTS ARE PREPARED ON A CONSOLIDATED BASIS AND INCLUDE THE UNIVERSITY ACCOUNTS AND THOSE OF STANFORD HOSPITAL AND CLINICS AND THE LUCILE SALTER PACKARD CHILDREN'S HOSPITAL AT STANFORD ("THE HOSPITALS"). THE FINANCIAL STATEMENTS DISCLOSE SEPARATELY THE ACCOUNTS OF THE UNIVERSITY FROM THOSE OF THE HOSPITALS. UNDER SEPARATE COVER, THE HOSPITALS PROVIDE AUDITED FINANCIAL STATEMENTS OF THEIR OWN ACCOUNTS. PWC UTILIZES SEPARATE AUDIT TEAMS TO CONDUCT THE AUDIT ENGAGEMENTS OF STANFORD AND THE HOSPITALS. EACH AUDIT IS CONDUCTED BY QUALIFIED PROFESSIONAL ACCOUNTANTS WITH AUDIT PLANS DESIGNED FROM THE SEPARATE ACCOUNTS FOR THE RESPECTIVE ENTITIES, IN ACCORDANCE WITH GENERALLY ACCEPTED AUDITING STANDARDS. STANFORD'S FORM 990 REPRESENTS THE ACCOUNTS OF THE UNIVERSITY. THE HOSPITALS FILE THEIR OWN SEPARATE 990 FORMS. FORM 990, PART V, LINE 4b COUNTRIES OF FOREIGN BANK ACCOUNTS STANFORD HAS AN INTEREST IN OR SIGNATURE AUTHORITY OVER BANK AND INVESTMENT ACCOUNTS IN THE FOLLOWING COUNTRIES: AUSTRALIA BELGIUM BRAZIL CANADA CAYMAN ISLANDS CHANNEL ISLANDS CHINA DENMARK FINLAND FRANCE GERMANY HONG KONG HUNGARY INDIA INDONESIA ISRAEL ITALY JAPAN LUXEMBOURG MALAYSIA MAURITIUS MEXICO NETHERLANDS NEW ZEALAND NORWAY PHILIPPINES QATAR SINGAPORE SOUTH AFRICA SOUTH KOREA SPAIN SWEDEN SWITZERLAND TAIWAN THAILAND TURKEY UNITED KINGDOM FORM 990, PART VI, SECTION B, LINE 11A PREPARATION AND REVIEW OF THE FORM 990 EACH YEAR, THE UNIVERSITY HAS ITS FINANCIAL STATEMENTS AUDITED BY THE INDEPENDENT ACCOUNTING FIRM OF PRICEWATERHOUSECOOPERS (PWC). DATA FOR THE 990 IS EXTRACTED FROM THE AUDITED FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION. COMPENSATION DATA REPORTED ON SCHEDULE J IS EXTRACTED FROM PAYROLL RECORDS, AND IN EACH CASE CONFIRMED BY THE REPORTED INDIVIDUAL. THIS RETURN IS PREPARED BY THE TAX DEPARTMENT AND REVIEWED BY EXTERNAL ACCOUNTANTS (PWC), SENIOR MANAGEMENT, AND THE BOARD OF TRUSTEES OF THE UNIVERSITY. THE FINAL VERSION IS THEN SIGNED BY THE SENIOR ASSOCIATE VICE PRESIDENT FOR FINANCE AND PWC AS PAID PREPARER. FORM 990, PART VI, SECTION A, LINE 2; SECTION B, LINE 12C; AND SCHEDULE L, PART IV CONFLICT OF INTEREST MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES ("TRUSTEES"), OFFICERS AND FACULTY MAY, FROM TIME TO TIME, BE ASSOCIATED, EITHER DIRECTLY OR INDIRECTLY, WITH ENTITIES DOING BUSINESS WITH THE UNIVERSITY. THE UNIVERSITY HAS CONFLICT OF INTEREST POLICIES THAT ARE STRICTLY ENFORCED TO ENSURE THAT ALL TRANSACTIONS WITH THESE PARTIES ARE ARM'S LENGTH, AND THERE IS NO FAVORABLE TREATMENT AS A RESULT OF THESE RELATIONSHIPS. CONFLICTS OF INTEREST ARE REGULARLY MONITORED, AND THE WRITTEN CONFLICT OF INTEREST POLICY IS CONSISTENTLY ENFORCED. UNIVERSITY-WIDE COMPLIANCE INITIATIVES INCLUDE TRAINING AND DOCUMENTATION, REQUIRED ANNUAL DISCLOSURE AND FOLLOW-UP; MANAGEMENT CONTROLS; ENTERPRISE RISK MANAGEMENT; REGULAR INTERNAL AND EXTERNAL AUDITS; WHISTLE-BLOWER PROVISIONS; SUPERVISION; AND REVIEW. VIOLATIONS ARE ADDRESSED THROUGH VARIOUS SANCTIONS, INCLUDING FINANCIAL PENALTIES AND TERMINATION, DEPENDING UPON THE NATURE AND DEGREE OF THE CONFLICT. FOR OFFICERS, THE UNIVERSITY REQUIRES ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH ENTITIES DOING BUSINESS WITH THE UNIVERSITY. THESE ANNUAL DISCLOSURES COVER BOTH OFFICERS AND THEIR IMMEDIATE FAMILY. WHEN SUCH ASSOCIATIONS EXIST, MEASURES ARE TAKEN TO APPROPRIATELY MANAGE, IN THE BEST INTERESTS OF THE UNIVERSITY, ANY ACTUAL OR PERCEIVED CONFLICT. FACULTY MUST COMPLY WITH THE FACULTY CONFLICT OF INTEREST POLICY, WHICH REQUIRES ANNUAL CERTIFICATION OF COMPLIANCE WITH THE POLICY AND DISCLOSURE OF INTERESTS IN OUTSIDE ENTITIES THAT ARE SPONSORS OF THEIR TEACHING OR RESEARCH OR OTHER TRANSACTIONS WITH THE UNIVERSITY IN WHICH THEY ARE INVOLVED. ALL PERSONAL FINANCIAL INTERESTS RELATED TO STANFORD ACTIVITIES MUST BE REPORTED, REGARDLESS OF DOLLAR AMOUNT. FOR TRUSTEES, THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF TRUSTEES IS PERMITTED TO PARTICIPATE IN ANY DECISION RELATING TO AN ENTITY IN WHICH HE OR SHE (OR AN IMMEDIATE FAMILY MEMBER) HAS A MATERIAL FINANCIAL INTEREST. THE CONFLICT OF INTEREST POLICY ALSO PRECLUDES THE UNIVERSITY FROM ENTERING INTO CERTAIN TRANSACTIONS WITH AN ENTITY IN WHICH A TRUSTEE HAS A MATERIAL FINANCIAL INTEREST UNLESS MEASURES ARE TAKEN TO MITIGATE ANY ACTUAL OR PERCEIVED CONFLICT. NAMELY, THE POLICY REQUIRES THAT SUCH TRANSACTIONS ARE 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 OTHERWISE IN ACCORDANCE WITH SOUND CONFLICT MANAGEMENT PRACTICES. THE CONFLICT OF INTEREST POLICY REQUIRES EACH TRUSTEE TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. DIRECTORS OF THE STANFORD MANAGEMENT COMPANY ("SMC") ARE ALSO SUBJECT TO SIMILAR PROVISIONS AND RESTRICTIONS APPEARING IN SMC'S SEPARATE WRITTEN CONFLICT OF INTEREST POLICY. IN ADDITION, SMC IS PROHIBITED FROM MAKING AN INVESTMENT THAT WOULD BE AN INTERESTED TRANSACTION WITH AN SMC DIRECTOR. SUBJECT TO THE POLICIES AND PROVISIONS OUTLINED ABOVE, AND WITHIN A WELL-DIVERSIFIED PORTFOLIO OF OVER 600 INDIVIDUAL ALTERNATIVE INVESTMENTS THAT SPAN MOST REGIONS OF THE WORLD AND MOST OF THE APPROPRIATE ASSET CLASSES FOR INVESTMENTS OF THIS NATURE, STANFORD MAY FROM TIME TO TIME INVEST ASSETS IN CERTAIN PARTNERSHIPS IN WHICH A TRUSTEE HAS A DIRECT OR INDIRECT GENERAL PARTNERSHIP INTEREST. SUCH INVESTMENTS ARE MADE BASED ON COMPELLING HISTORICAL PERFORMANCE AND TRACK RECORDS OF THE MANAGERS. THE INVESTMENT STRATEGIES OF THESE MANAGERS WERE ALSO ADDITIVE TO THE EXISTING PORTFOLIO AT THE TIME OF THE INVESTMENTS. IN ACCORDANCE WITH ITS CONTRACTUAL ARRANGEMENTS AS A GENERAL OR LIMITED PARTNER, WHICH ARE SIMILAR TO THOSE OF ALL OTHER INVESTORS IN SUCH ENTITIES, STANFORD IS REQUIRED, FROM TIME TO TIME, TO MAKE ADDITIONAL INVESTMENTS IN SUCH PARTNERSHIPS AND RECEIVES CASH DISTRIBUTIONS FROM REDEMPTION OR OTHER DISTRIBUTION OF PRINCIPAL, AS WELL AS ITS PRO-RATA SHARE OF EARNINGS AND OTHER GAINS GENERATED BY THE PARTNERSHIP, NET OF ANY FEES OR CARRIED INTEREST DILUTION OF THE GENERAL PARTNER. IN THE YEAR ENDED AUGUST 31, 2011, TRANSACTIONS WITH THE FOLLOWING TRUSTEES ROSE TO THE LEVEL OF DISCLOSURE REQUIRED BY THE IRS: WITH RESPECT TO STANFORD INVESTMENTS WHERE ROBERT BASS, A TRUSTEE, HAD A DIRECT OR INDIRECT INTEREST AS A PARTNER, THE UNIVERSITY INVESTED $9,077,323 (0.05% OF TOTAL INVESTMENTS DURING THE YEAR ENDED AUGUST 31, 2011) AND RECEIVED DISTRIBUTIONS OF $14,361,122. WITH RESPECT TO STANFORD INVESTMENTS WHERE THOMAS STEYER, A TRUSTEE, HAD A DIRECT OR INDIRECT INTEREST AS A GENERAL PARTNER, THE UNIVERSITY INVESTED $18,192,982 (0.10% OF TOTAL INVESTMENTS DURING THE YEAR ENDED AUGUST 31, 2011) AND RECEIVED DISTRIBUTIONS OF $28,320,455. WITH RESPECT TO STANFORD INVESTMENTS WHERE STEVEN DENNING, A TRUSTEE, HAD A DIRECT OR INDIRECT FINANCIAL INTEREST AS A GENERAL PARTNER, THE UNIVERSITY INVESTED $20,584,282 (0.12% OF TOTAL INVESTMENTS) AND RECEIVED DISTRIBUTIONS OF $16,921,706. WITH RESPECT TO STANFORD INVESTMENTS WHERE ANN LAMONT, A TRUSTEE, HAD A DIRECT OR INDIRECT FINANCIAL INTEREST AS A GENERAL PARTNER, THE UNIVERSITY INVESTED $3,661,242 (0.02% OF TOTAL INVESTMENTS) AND RECEIVED DISTRIBUTIONS OF $6,728,992. IN AGGREGATE, REPORTABLE TRANSACTIONS RELATING TO ALL SUCH INVESTMENT RELATIONSHIPS WITH TRUSTEES AMOUNTED TO AN INVESTMENT BY STANFORD OF $51,515,831 (0.29% OF TOTAL INVESTMENTS) AND A RETURN TO STANFORD OF $66,332,275. PARTNERSHIPS IN WHICH MR. BASS OWNS A DIRECT OR INDIRECT PARTNERSHIP INTEREST RENTED FACILITIES DIRECTLY OR INDIRECTLY OWNED BY STANFORD UNIVERSITY AND PAID RENT AT FAIR MARKET RATES TO STANFORD IN THE AMOUNT OF $3,304,575, DURING THE YEAR ENDED 8/31/2011. JOHN HENNESSY, PRESIDENT AND A TRUSTEE, IS A MEMBER OF THE BOARD OF DIRECTORS OF CISCO SYSTEMS, INC. (CISCO) AND GOOGLE INC. (GOOGLE). THE UNIVERSITY PURCHASES GOODS AND SERVICES FROM CISCO AND GOOGLE IN THE NORMAL COURSE OF BUSINESS AND ALL PURCHASES ARE MADE, AT ARM'S LENGTH, IN ACCORDANCE WITH STANFORD PROCUREMENT POLICIES AND PROCEDURES. MR. HENNESSY DOES NOT PARTICIPATE IN ANY DECISIONS WITH RESPECT TO THESE COMPANIES. DURING THE YEAR ENDED AUGUST 31, 2011, STANFORD PURCHASES FROM CISCO AND GOOGLE AMOUNTED TO $2,300 AND $433,977 RESPECTIVELY: KAVITARK RAM SHRIRAM, A TRUSTEE, IS ALSO A DIRECTOR AT GOOGLE; JERRY YANG, A TRUSTEE, IS ALSO A DIRECTOR OF CISCO. CONSISTENT WITH THE UNIVERSITY MISSION OF SHARING AND DISSEMINATING KNOWLEDGE, STANFORD PROVIDES BOOKS TO THE GOOGLE BOOK SEARCH PROJECT, WHICH IS CURRENTLY THE SUBJECT OF LITIGATION. OVER THE PAST SEVEN YEARS GOOGLE HAS SCANNED ABOUT 3 MILLION BOOKS OWNED BY STANFORD AT NO COST TO STANFORD. PRESIDENT HENNESSY HAS NOT BEEN INVOLVED IN ANY OF THE NEGOTIATIONS OR DECISIONS INVOLVING THE GOOGLE BOOK SEARCH PROJECT. RANDALL LIVINGSTON, AN OFFICER, WAS A DIRECTOR FOR PACIFIC BIOSCIENCES, INC. DURING FY11, STANFORD PURCHASED $786,000 OF GOODS AND SERVICES FROM PACIFIC BIOSCIENCES. CONSISTENT WITH POLICY, MR. LIVINGSTON RECUSED HIMSELF WITH RESPECT TO THESE TRANSACTIONS. Ruth Porat, a trustee, serves as an officer of Morgan Stanley. Under a contract executed prior to the commencement of her trustee service, Morgan Stanley acts as remarketing agent and broker dealer for certain of Stanfords tax-exempt securities. Total fees would comprise an insignificant amount of the total revenues of Morgan Stanley and the expenses of the University. Penny Pritzker, a trustee, serves as a board member of the Hyatt Group. Under a contract executed prior to the commencement of Ms. Pritzkers service, a subsidiary of the Hyatt Group paid the University $5,131,000 in rent for property on which Vi at Palo Alto, a continuing care community, operates. ISAAC STEIN, A TRUSTEE, IS A DIRECTOR OF THE NON-PROFIT IRVINE FOUNDATION, WHERE JAMES CANALES, A TRUSTEE, SERVES AS CHIEF EXECUTIVE OFFICER. DURING THE FISCAL YEAR ENDED AUGUST 31, 2011 STANFORD RECEIVED $1,112,979 IN GRANTS FROM THE IRVINE FOUNDATION. ALL RELATIONSHIPS DESCRIBED ABOVE ARE IN FULL COMPLIANCE WITH THE CONTROLLING POLICIES. THESE DISCLOSURES DO NOT INCLUDE TRANSACTIONS IN WHICH A TRUSTEE, OFFICER OR FAMILY MEMBER THEREOF PAYS TUITION, ROOM AND/OR BOARD COSTS OR RECEIVES FINANCIAL AID OR WORK/STUDY ASSISTANCE FOR A STUDENT AT THE UNIVERSITY. THE UNIVERSITY PAYS REASONABLE COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR EMPLOYEES OF THE UNIVERSITY AND REASONABLE REIMBURSEMENT OF EXPENSES (AND NO COMPENSATION) FOR TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATION THE ANNUAL PROCESS FOR DETERMINING COMPENSATION OF BOTH THE TOP MANAGEMENT OFFICIAL (PRESIDENT OF THE UNIVERSITY) AND OF OTHER OFFICERS/KEY EMPLOYEES INCLUDES REVIEW AND APPROVAL BY INDEPENDENT PERSONS, USE OF COMPARABILITY DATA AND CREATION OF CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. IN THE CASE OF THE UNIVERSITY'S PRESIDENT, THE VICE PRESIDENT OF HUMAN RESOURCES, AT A PRELIMINARY MEETING WITH A SUBCOMMITTEE OF THE COMMITTEE ON COMPENSATION, PRESENTS AN ANALYSIS OF CURRENT RELEVANT MARKET DATA OBTAINED FROM AN INDEPENDENT HUMAN RESOURCE CONSULTING FIRM. THE SAME MATERIALS ARE SENT TO THE FULL COMMITTEE. AT THE MEETING OF THE FULL COMMITTEE AND IN THE ABSENCE OF THE PRESIDENT, DISCUSSION OCCURS PRIOR TO A VOTE. MINUTES OF BOTH MEETINGS ARE ON FILE IN THE OFFICE OF THE VICE PRESIDENT OF HUMAN RESOURCES. IN THE CASE OF OTHER OFFICERS/KEY EMPLOYEES, PER GUIDELINES IN THE COMMITTEE'S EXECUTIVE COMPENSATION POLICY AND PROCEDURES DOCUMENT, EACH YEAR THE VICE PRESIDENT OF HUMAN RESOURCES PROVIDES CURRENT RELEVANT MARKET DATA AND THE HISTORICAL PAY INFORMATION RELATING TO THESE PERSONS TO THE PRESIDENT OR TO THE PROVOST BASED ON THE REPORTING STRUCTURE. THE PRESIDENT AND PROVOST PROPOSE CHANGES IN COMPENSATION BASED ON EACH INDIVIDUAL'S PERFORMANCE AND ON THE MARKET DATA. THE COMMITTEE ON COMPENSATION REVIEWS THE RECOMMENDATIONS AND, FOLLOWING DISCUSSION, APPROVES THE RECOMMENDATIONS AS SUBMITTED OR WITH MODIFICATIONS. MINUTES OF THE MEETING ARE ON FILE IN THE OFFICE OF THE VICE PRESIDENT OF HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 HOW STANFORD MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC STANFORD UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC ON STANFORD'S WEBSITE. FORM 990, PART VII, SECTION B INDEPENDENT CONTRACTORS IN THE PRESENTATION OF THE DATA APPEARING IN FORM 990, PART VII, SECTION B, STANFORD REPORTS DIRECT CASH COMPENSATION PAID TO PROFESSIONAL INDEPENDENT CONTRACTORS. COMMISSIONS, DISCOUNTS, AND MANAGEMENT FEES EMBEDDED IN AND/OR DEDUCTED FROM INVESTMENT RETURNS AND AMOUNTS PROVIDED TO VENTURE CAPITAL, PRIVATE EQUITY, AND HEDGE FUND GENERAL PARTNERS DUE TO THEIR "CARRIED INTEREST" IN PARTNERSHIPS WHICH STANFORD PARTICIPATES ARE NOT CONSIDERED IN THIS REPORTING. FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OF FUND BALANCES NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS $2,443,864,505 ADJUSTMENT TO EQUITY RELATING TO LIVING TRUSTS AND DERIVATIVES (INCLUDES FINANCIAL STATEMENT ROUNDING $2) $99,471,777 _______________ $2,543,336,282 SCHEDULE K, TAX-EXEMPT BONDS FOR MORE THAN 30 YEARS, STANFORD AND THE MANY COMMUNITIES AND CONSTITUENCIES IT SERVES HAVE BENEFITED FROM TAX-EXEMPT BORROWING THROUGH THE CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY. THE UNIVERSITY USES GENEROUS DONOR GIFTS, UNIVERSITY RESERVES AND TAXABLE DEBT, IN ADDITION TO PROCEEDS FROM TAX EXEMPT BORROWING, TO FUND THE CONSTRUCTION OF ACADEMIC BUILDINGS, RESEARCH SUPPORT FACILITIES, RESIDENCES AND OTHER CAMPUS HOUSING, ROADS AND INFRASTRUCTURE. THESE FACILITIES HAVE, IN TURN, ENABLED THE UNIVERSITY TO ATTRACT OUTSTANDING FACULTY AND STUDENTS AND TO MORE EFFECTIVELY PERFORM INTERDISCIPLINARY RESEARCH DESIGNED TO ADDRESS FUNDAMENTAL WORLD PROBLEMS IN HEALTH, SUSTAINABILITY, SECURITY AND K-12 EDUCATION. THE NEW FACILITIES PROVIDE THE STANFORD COMMUNITY WITH THE MOST ADVANCED TECHNOLOGY AND ENVIRONMENT FOR TEACHING, LEARNING AND RESEARCH. THE FUNDING ALSO HAS PLAYED A KEY ROLE IN ENABLING STANFORD TO MEET SEISMIC AND OTHER FEDERAL AND STATE BUILDING REQUIREMENTS. THE FOLLOWING ARE EXAMPLES OF BUILDINGS FUNDED IN PART THROUGH TAX-EXEMPT DEBT: A. THE YANG YAMAZAKI ENVIRONMENTAL AND ENERGY BUILDING IS THE HUB OF STANFORD'S ENVIRONMENTAL SUSTAINABILITY TEACHING AND RESEARCH. IT IS A MODEL FOR SUSTAINABILITY BUILDING STANDARDS, USING 56 PERCENT LESS ENERGY AND 90 PERCENT LESS POTABLE WATER THAN A TRADITIONALLY CONSTRUCTED BUILDING OF ITS SIZE. B. THE LI KA SHING CENTER FOR LEARNING AND KNOWLEDGE BRINGS TOGETHER CUTTING-EDGE MEDICINE, MODERN EDUCATION AND ADVANCED TECHNOLOGY TO TRAIN THE PHYSICIANS OF TOMORROW. MEDICAL STUDENTS PRACTICE LIFE-SAVING SKILLS IN REALISTIC SIMULATIONS AND LEARN TO APPLY RESEARCH TO BEDSIDE TREATMENTS. THE CENTER IS A GATHERING PLACE FOR MEDICAL EXPERTS TO SHARE RESEARCH AND HEALTH CARE INSIGHTS AND TO BRING THEIR COMBINED EXPERTISE TO BEAR ON THE WORLD'S GREATEST HEALTH CHALLENGES. C. THE CENTER FOR NANOSCALE SCIENCE AND TECHNOLOGY FOSTERS COLLABORATIVE DEVELOPMENT IN THIS BURGEONING NEW SCIENCE. SCIENTISTS AT THE CENTER ARE STUDYING HOW TO CREATE MATERIALS AND DEVICES NO BIGGER THAN ONE-BILLIONTH OF A METER, WITH DIRECT AND ECONOMICALLY VIABLE APPLICATIONS TO MEDICINE, ENERGY AND COMMUNICATIONS. D. THE HUANG ENGINEERING CENTER HOUSES THE SCHOOL OF ENGINEERING, WHOSE TIES TO THE HIGH-TECHNOLOGY INDUSTRY CONTINUE TO FUEL THE GROWTH AND ECONOMY OF SILICON VALLEY AND NORTHERN CALIFORNIA. THE SCHOOL OF ENGINEERING IS WORLD RENOWNED FOR PUSHING THE FRONTIERS OF MODERN SCIENCE AND ENGINEERING, ESPECIALLY IN THE FIELDS OF COMPUTER SCIENCE, BIOENGINEERING AND ENVIRONMENTAL SUSTAINABILITY. E. THE LORRY I. LOKEY STEM CELL RESEARCH BUILDING OPENED IN 2010 AND IS THE LARGEST DEDICATED STEM CELL RESEARCH BUILDING IN THE COUNTRY. THE BUILDING HOUSES THE STANFORD STEM CELL BIOLOGY AND REGENERATIVE MEDICINE INSTITUTE, WHICH INTEGRATES RESEARCHERS FROM CANCER, NEUROSCIENCE, CARDIOVASCULAR MEDICINE, TRANSPLATATION, IMMUNOLOGY, BIOENGINEERING AND DEVELOPMENTAL BIOLOGY. ALL ARE FOCUSED ON MAKING DISCOVERIES IN STEM CELL RESEARCH AND QUICKLY TRANSLATING THEM INTO PRECLINICAL APPLICATIONS, INNOVATIVE THERAPIES AND TREATMENTS. F. THE MUNGER GRADUATE RESIDENCE IS A FIVE-BUILDING HOUSING COMPLEX FOR 600 STANFORD LAW AND OTHER GRADUATE STUDENTS. IT IS A SIGNIFICANT INVESTMENT BY STANFORD IN MITIGATING TRAFFIC AND OTHER ENVIRONMENTAL CONCERNS AS IT GREATLY REDUCES THE NUMBER OF PEOPLE DRIVING TO CAMPUS DAILY. FORM 990, SCHEDULE K, PART I, COLUMN C CUSIP NUMBER CEFA TAX EXEMPT COMMERCIAL PAPER ("TECP") DATED 5/22/08 WAS ASSIGNED A UNIQUE BLOCK OF 900 CUSIP NUMBERS UPON ISSUANCE. A NEW CUSIP NUMBER IS ASSIGNED TO EACH TRANCHE OF TECP THAT IS ISSUED. THE CUSIP NUMBER LISTED IS THE FIRST CUSIP NUMBER IN THE SERIES AND WAS ASSIGNED AT THE ORIGINAL ISSUANCE DATE, 5/22/08. FORM 990, SCHEDULE K, PART I, COLUMN F DESCRIPTION OF PURPOSE FOR TAX-EXEMPT BONDS A. CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY CP - CAPITAL EXPENDITURES FOR EDUCATIONAL FACILITIES. REFUND PRIOR COMMERCIAL PAPER NOTES ISSUED 5/2/2008 AND 3/24/2008 THAT WERE PART OF THE SAME PROGRAM. COSTS OF ISSUANCE. B. CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY S - CAPITAL EXPENDITURES FOR EDUCATIONAL FACILITIES. REFUND CEFA SERIES L-8 ISSUED 10/30/2001, REFUND CEFA SERIES L-9 ISSUED 10/31/2001, REFUND CEFA TAX EXEMPT COMMERCIAL PAPER REVENUE NOTES ISSUED 3/18/03. COSTS OF ISSUANCE. C. CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY T-1 AND T-3 - CAPITAL EXPENDITURES FOR EDUCATIONAL FACILITIES, CAPITAL EQUIPMENT, LAND IMPROVEMENTS, UTILITIES AND SYSTEMS. REFUND CEFA TAX EXEMPT COMMERCIAL PAPER NOTES ISSUED ON VARIOUS DATES. COSTS OF ISSUANCE. D. CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY T-4 - REFUND PRIOR COMMERCIAL PAPER NOTES ISSUED ON OR ABOUT MARCH 3, 2008 AND MARCH 6, 2008. COSTS OF ISSUANCE. E. CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY T-5 - REFUND $59,180,000 OF CEFA SERIES P REVENUE BONDS - ISSUED MARCH 30, 1999. F. CALIFORNIA EDUCATIONAL FACILITES AUTHORITY U-1 - REFUND $136,200,000 OF TAXABLE AND TAX-EXEMPT COMMERCIAL PAPER NOTES ISSUED ON VARIOUS DATES. COSTS OF ISSUANCE, AND CAPITAL EXPENDITURES FOR EDUCATIONAL FACILITIES. SCHEDULE K, PART II COMMERCIAL PAPER DEBT FOR CEFA CP, PART II, LINE 3 IS THE MAXIMUM AMOUNT OF COMMERCIAL PAPER THAT IS AUTHORIZED UNDER THAT ISSUE. AT AUGUST 31, 2011, COMMERCIAL PAPER DEBT OUTSTANDING WAS $92,682,000. ADDITIONAL AMOUNTS SPENT REPRESENT INVESTMENT EARNINGS. SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS THE DIFFERENCE BETWEEN LINE 3 AND SCHEDULE K, PART I, COLUMN (E) AMOUNTS REPRESENTS INVESTMENT EARNINGS. SCHEDULE K, PART III REFINANCING CEFA SERIES T-4 AND T-5 PROCEEDS WERE USED TO REFINANCE DEBT ISSUED PRIOR TO JANUARY 1, 2003. ACCORDINGLY, PART III IS NOT COMPLETED FOR THESE ISSUES. SCHEDULE K, PART III, LINES 4-5 PRIVATE BUSINESS USE STANFORD UNIVERSITY FINANCES ITS FACILITIES WITH A COMBINATION OF TAX-EXEMPT DEBT, TAXABLE DEBT, GIFTS AND OTHER UNIVERSITY FUNDS. OCCASIONALLY, SOME OF THESE FACILITIES WILL HOUSE ACTIVITIES THAT MAY CONSTITUTE "PRIVATE BUSINESS USE", AS DEFINED IN IRC SECTION 141. FOR INSTANCE, STANFORD MAY RENT A SMALL PORTION OF A FACILITY TO A FOR-PROFIT OPERATOR OF CAFETERIAS (PRIMARILY FOR THE CONVENIENCE OF FACULTY, STAFF, STUDENTS AND THEIR GUESTS). IN OTHER SITUATIONS, STANFORD MAY RECEIVE A GENEROUS CORPORATE GIFT TO FUND A PORTION OF A BUILDING AND MAY CHOOSE TO ACKNOWLEDGE SUCH GENEROSITY BY NAMING A CLASSROOM, LIBRARY OR AUDITORIUM IN HONOR OF THE CORPORATE DONOR. IN SUCH CASES, STANFORD ELECTS THE "UNDIVIDED PORTION ALLOCATION METHOD" DESCRIBED IN PROPOSED TREASURY REGULATION SECTION 1.141-D(6), AND THUS ALLOCATES SUCH "PRIVATE BUSINESS USE" FIRST TO THAT PORTION OF THE FACILITY FUNDED BY TAXABLE DEBT, GIFTS OR OTHER UNIVERSITY FUNDS. ACCORDINGLY, STANFORD REPORTS 0% AS THE PERCENTAGE OF FINANCED PROPERTY USED IN PRIVATE BUSINESS USE (PART III, QUESTION 4). IN ADDITION TO THE CONSTRUCTION COST OF BUILDINGS, TAX-EXEMPT DEBT ALSO FUNDED A SIGNIFICANT PORTION OF THE UNIVERSITY'S INFRASTRUCTURE, INCLUDING ROADS AND UNDERGROUND UTILITIES. THE PORTION OF THE FUNDING OF THESE IMPROVEMENTS BY SOURCES OTHER THAN TAX-EXEMPT DEBT AS A PERCENTAGE OF TOTAL FUNDING WAS WELL IN EXCESS OF THE MEASURED AMOUNT OF PRIVATE BUSINESS USE TO TOTAL USE. ACCORDINGLY, THE AMOUNTS REPORTED ON PART III, LINES 4 AND 5, FOR THE PERCENTAGE OF FINANCED PROPERTY USED IN PRIVATE BUSINESS USE BY OTHER ENTITIES AND AS A RESULT OF AN UNRELATED TRADE OR BUSINESS ACTIVITY, RESPECTIVELY, ARE ZERO. BOND ISSUANCE COSTS (BIC) AS A PERCENTAGE OF THE TOTAL PROCEEDS BY BOND ISSUE ARE: ISSUE: BIC% CEFA CP 0.0000% CEFA SERIES S 0.5476% CEFA SERIES T-1 0.4314% CEFA SERIES T-4 0.5048% CEFA SERIES T-5 0.0028% CEFA SERIES U-1 0.6483% SCHEDULE K, PART IV FORM 8038-T DURING THE PERIODS SINCE THESE BONDS WERE ISSUED, THE INTEREST RATE ON THE BONDS HAS EXCEEDED THE INVESTMENT RETURN ON ANY UNSPENT PROCEEDS. ACCORDINGLY, NO FORM 8038-T HAS BEEN ISSUED. FORM 990, SCHEDULE L, PART II LOANS TO/FROM INTERESTED PERSONS LOANS TO INTERESTED PERSONS ARE DISCLOSED IN SCHEDULE L, PART II. IN EACH CASE THE LOAN IS MADE FROM STANFORD TO THE INDIVIDUAL (COLUMN B). NONE OF THESE LOANS ARE IN DEFAULT (COLUMN E). ALL LOANS HAVE BEEN APPROVED BY THE BOARD OF TRUSTEES (COLUMN F) AND FOR EACH LOAN ISSUED, THERE EXISTS A WRITTEN AGREEMENT BETWEEN STANFORD AND THE BORROWER (COLUMN G). PURSUANT TO PROGRAMS INTENDED TO FACILITATE HOUSING FOR EMPLOYEES, THE UNIVERSITY HOLDS MORTGAGES AND LEASEHOLDS ON CERTAIN HOUSES ON OR NEAR CAMPUS OWNED AND OCCUPIED BY EMPLOYEES AND THEIR FAMILIES, WHICH, FROM TIME TO TIME, COULD INCLUDE OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY. 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