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        <NamePerson>ANDREA VERSOZA</NamePerson>
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        <Description>MISC INCOME</Description>
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      <GrantsToDomesticOrgs>
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      <ForeignGrants>
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      <CompCurrentOfficersDirectors>
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        <Fundraising>101278</Fundraising>
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      <CompDisqualPersons>
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        <ManagementAndGeneral>22460</ManagementAndGeneral>
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      <FeesForServicesLobbying>
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      <FeesForServicesProfFundraising>
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      <TravelEntrtnmntPublicOfficials>
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        <ProgramServices>200</ProgramServices>
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        <ProgramServices>187259</ProgramServices>
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      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
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        <Explanation>The College does not capitalize collections, primarily library books and art objects, as they are held for public exhibition and education rather than financial gain. Any proceeds from the sale of collection items are used to acquire other items for the collection. The College estimates the value of the collection to be approximately $91,000 at June 30, 2010.</Explanation>
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      <Form990ScheduleIPartIII>
        <TypeOfGrant>GRANTS AND ALLOCATIONS</TypeOfGrant>
        <NumberOfRecipients>357</NumberOfRecipients>
        <AmountOfCashGrant>3256158</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ" softwareId="09000047" softwareVersion="2009v1.7">
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <RebuttablePresumptionProcedure>false</RebuttablePresumptionProcedure>
      <Form990ScheduleJPartII>
        <NamePerson>JAMES BAKER</NamePerson>
        <BaseCompensationFilingOrg>168844</BaseCompensationFilingOrg>
        <NontaxableBenefitsFilingOrg>15943</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>184787</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK.1" softwareId="09000047" softwareVersion="2009v1.7">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>MHHEFA Series 2006F</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>010314384</IssuerEIN>
        <CUSIPNumber>560425G20</CUSIPNumber>
        <DateIssued>2006-08-01</DateIssued>
        <IssuePrice>2315000</IssuePrice>
        <DescriptionOfPurpose>Purchase and renovation of residence hall.</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
    </IRS990ScheduleK>
    <IRS990ScheduleM documentId="IRS990ScheduleM" softwareId="09000047" softwareVersion="2009v1.7">
      <WorksOfArt>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>145</NumberOfContributions>
        <NoncashContribsRptdF990>90411</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Sale Price</MethodOfDeterminingRevenues>
      </WorksOfArt>
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>16</NumberOfContributions>
        <NoncashContribsRptdF990>302577</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Sale Price</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>true</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>Part I, Line 33, Revenues Not Reported</Identifier>
        <Explanation>GIFTS OF BOOKS AND PUBLICATIONS ARE ACKNOWLEDGED BUT NOT VALUED</Explanation>
      </Form990ScheduleMPartII>
      <Form990ScheduleMPartII>
        <Identifier>Part I, Line 32, Hire and Use of Third Parties</Identifier>
        <Explanation>THE ART GIFTS ARE SOLD AT AUCTION BY A THIRD PARTY VOLUNTEER AUCTIONEER. OUR INVESTMENT ADVISOR SELLS STOCK GIFTS AT MARKET PRICE</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="09000047" softwareVersion="2009v1.7">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>The College makes its governing documents and financial statements available to the public upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
        <Explanation>The President's or CEO's compensation is determined by the Executive Committee of the Board of Trustees. They conduct a review of the President annually, review the salary survey made available by the Association of Independent Colleges of Art and Design (AICAD) as a resource in determining the level of compensation and review and update his employment contract.The President determines the compensation for the Officers of the College. She/he conducts an annual review of each Officer or Vice President and reviews the salary survey made available by the Association of Independent Colleges of Art and Design (AICAD) as a resource in determining levels of compensation.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>The Board Chair, Finance Committee, and management review the 990 prior to submission</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>