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        <Explanation>The University maintains a 457(b) deferred compensation plan for executive level employees. This plan was developed consistent with the 2001 Economic Growth and Tax Relief Reconciliation Act (EGTRRA). The University does not contribute to the plan (employee contributions only). FY 2010 employee contributions (included in column B): Paul Nurse $16,500 Lisa Danzig $16,500 Harriet Rabb $16,500 James Lapple $12,000 Sidney Strickland $16,500 Maren Imhoff $16,500 Robert Roeder $16,500 Paul Greengard $16,500</Explanation>
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        <Explanation>The University maintains a policy to provide recruitment and retention supplements to faculty as necessary. The purpose of this supplement is to provide an incentive for a candidate to join the University and for incumbant faculty to make Rockefeller their professional home, recognizing the high cost of living in the New York metropolitan area over the course of a whole career. The decision whether to grant a supplement and its size will turn on the exceptional quality of the faculty member's research and the strategic needs of the University, and will be made by the President in the exercise of his discretion.</Explanation>
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        <DescriptionOfTransaction>The Rockefeller University endowment is an investor in several partnerships where Anthony Evnin (RU Trustee) is General Partner or Member of the General Partner. Anthony Evnin is not and has never been a member of the Rockefeller University Investment Committee, which means that he does not participate in the University's investment decisions.</DescriptionOfTransaction>
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        <DescriptionOfTransaction>The Rockefeller University's endowment is an investor in a partnership where the general partner is Howard Berkowitz (spouse of Judith Berkowitz, an RU Trustee). Judith Berkowitz is not and has never been a member of the Rockefeller University Investment Committee, which means that she does not participate in the University's investment decisions.</DescriptionOfTransaction>
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        <ReturnReference>Part I, Column (b):</ReturnReference>
        <Explanation>Art - Works of Art - One contributor donated two paintings to the University. Securities - publicaly traded - 14 individuals contributed various amounts of securities on various dates throughout the fiscal year.</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 2</Identifier>
        <Explanation>Russell Carson (RU Trustee - Chairman) has a business relationship with Henry Kravis (RU Trustee, Vice Chair) -- serve on another board together.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>The Organization made available to the governing Board of Trustees the completed form 990 on a restricted website prior to submission. Any comments or questions pertaining to the form 990 were sent to the Vice President, Finance or a member of the Audit Committee of the Board of Trustees. The Audit Committee of the Board of Trustee reviewed and approved the form 990 prior to its submission.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 12c</Identifier>
        <Explanation>All members of the University community are covered by the applicable University conflict of interest policies. Trustees, Officers, and Key Employees are covered by the Policy on Business Conflict of Interest and Family/Business Relationships. All other members of the University community are covered by the Conflict of Interest Policy Governing Business Practices. (a) For trustees (including the President), the conflict of interest disclosure form is submitted to the Executive Committee of the Board of Trustees. The Executive Committee, with help from others it may designate, investigates any conflicts or potential conflicts of interest and implements management plans where conflicts or potential conflicts are found to exist. Trustees having made disclosures of current or potential conflict of interest situtations may participate in the information-gathering stage of the Executive Committee's review of the disclosures, but will be asked to excuse themselves during the Executive Committee discussion, consideration and vote on the matters in question. (b) For officers and key employees, the conflict of interest disclosure form is submitted to the President. The President, with the help from others he may designate, investigates any conflicts or potential conflicts of interest, and implements management plans where conflicts are found to exist. (c) For heads of laboratory, the conflict of interest disclosure form is submitted to the Vice President for Academic Affairs. The Vice President for Academic Affairs, with help from others he may designate, investigates any conflicts or potential conflicts of interest, and implements management plans where conflicts are found to exist. (d) For all other members of the University community, the conflict of interest disclosure form is submitted to the Vice President for Human Resources. The Vice President for Human Resources, with help from others she may designate, investigates any conflicts or potential conflicts of interest, and implements management plans where conflicts are found to exist.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 15</Identifier>
        <Explanation>Compensation for the President and Officers is established and approved by the Compensation Committee of the Board of Trustees. Such compensation is established through review of comparability data and contemporaneous subtstantiation of the deliberation and decision. Specific reviews occur on an annual basis.</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 19</Identifier>
        <Explanation>Conflict of interest policy and financial statements are available to the public through the University's website.</Explanation>
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      <GeneralExplanation>
        <Identifier>Schedule K Supplental Information</Identifier>
        <Explanation>Issuance cost for bonds issued on 4/8/09 ($100 million par) contains $35,000 in legal fees connected with securing the credit facility enhancement.</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990, Schedule R, Part V, #2</Identifier>
        <ReturnReference>The Rockefeller University Faculty and Students Club, Inc.</ReturnReference>
        <Explanation>The Rockefeller University Faculty and Students Club, Inc. (the Club) is a 501(c)(7) organization that operates a social Club on the campus of The Rockefeller University. The purpose of the Club is to encourage the friendly association of its members and their guests for scientific and other intellectual discourse, and/or pleasure and recreation. The books and records of the Club are maintained by the University. The University collects annual Club dues on behalf of the Club. The Club also relies on certain University systems in order to operate. The Club has a liability to the University which represents the University's subsidized portion of the Club's operations in the amount of $1,517,297 as of June 30, 2010.</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>Women &amp; Science Luncheon</ReturnReference>
        <Explanation>The Women &amp; Science program in an important outreach and fundraising initiative of The Rockefeller University. Comprised of a wide circle of friends and benefactors, Women &amp; Science provides support for education and career advancement of scientists in biomedical research and related fields. One component of this initiative is the annual Women &amp; Science Lecture and Luncheon.</Explanation>
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