﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2009v1.4">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-03-01T14:47:30-00:00</Timestamp>
    <TaxPeriodEndDate>2010-06-30</TaxPeriodEndDate>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2009-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>620476301</EIN>
      <Name>
        <BusinessNameLine1>Rhodes College</BusinessNameLine1>
      </Name>
      <NameControl>RHOD</NameControl>
      <Phone>9018433760</Phone>
      <USAddress>
        <AddressLine1>2000 North Parkway</AddressLine1>
        <City>Memphis</City>
        <State>TN</State>
        <ZIPCode>381121690</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Kyle Webb</Name>
      <Title>Comptroller</Title>
      <DateSigned>2011-03-01</DateSigned>
      <AuthorizeThirdParty>false</AuthorizeThirdParty>
    </Officer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="11">
    <IRS990 documentId="990" softwareId="09000123" softwareVersion="2009.0.12">
      <NameOfPrincipalOfficerPerson>William E Troutt</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>2000 N Parkway</AddressLine1>
        <City>Memphis</City>
        <State>TN</State>
        <ZIPCode>38112</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>115441540</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c typeOf501cOrganization="3">X</Organization501c>
      <WebSite>www.rhodes.edu</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1905</YearFormation>
      <StateLegalDomicile>TN</StateLegalDomicile>
      <ActivityOrMissionDescription>Rhodes College, a College of LIberal Arts, aspires to graduate students with a life-long passion for learning, compassion for others, and the ability to translate academic study and personal concern into effective leadership and action in their communities and the world.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>29</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>29</NbrIndependentVotingMembers>
      <TotalNbrEmployees>1620</TotalNbrEmployees>
      <TotalNbrVolunteers>660</TotalNbrVolunteers>
      <TotalGrossUBI>186538</TotalGrossUBI>
      <ContributionsGrantsPriorYear>5754358</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>12246513</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>66244237</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>69043399</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>3991517</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>2913215</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>-44575807</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>31238413</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>31414305</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>115441540</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>21992057</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>24616125</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>36149531</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>37032814</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>2145732</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>25645518</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>25942628</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>83787106</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>87591567</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>-52372801</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>27849973</RevenuesLessExpensesCY>
      <TotalAssetsBOY>386631710</TotalAssetsBOY>
      <TotalAssetsEOY>409793100</TotalAssetsEOY>
      <TotalLiabilitiesBOY>44390715</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>42718858</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>342240995</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>367074242</NetAssetsOrFundBalancesEOY>
      <MissionDescription>Rhodes College aspires to graduate students with a life-long passion for learning, compassion for others, and the ability to translate academic study and personal concern into effective leadership and action in their communities and the world.</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>22967449</Expense>
      <Revenue>55591812</Revenue>
      <Description>Academic instruction serving 1648 students</Description>
      <Activity2>
        <Expense>24616125</Expense>
        <Revenue>1743025</Revenue>
        <Description>Student Financial Aid consisting of 1 Financial Aid Program 2 Honorary Scholarship and Fellowship Program</Description>
      </Activity2>
      <Activity3>
        <Expense>10284420</Expense>
        <Revenue>737598</Revenue>
        <Description>Student services expenses which include activities that contribute to students well-being and development beyond the academic program. Included in student services expenses are the Chaplains Office, Counseling office, Career Services, Campus Safety, Athletics, Admissions, Registrar, Student Government, etc.</Description>
      </Activity3>
      <TotalOfOtherProgramServiceExp>14218853</TotalOfOtherProgramServiceExp>
      <TotalOfOtherProgramServiceRev>10970964</TotalOfOtherProgramServiceRev>
      <TotalProgramServiceExpense>72086847</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="990A">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="990B">true</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds>false</DonorAdvisedFunds>
      <ConservationEasements>false</ConservationEasements>
      <CollectionsOfArt>false</CollectionsOfArt>
      <CreditCounseling>false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="990D">true</TermOrPermanentEndowments>
      <BalanceSheetAmountsReported referenceDocumentId="990D">true</BalanceSheetAmountsReported>
      <IndependentAuditFinancialStmt referenceDocumentId="990D">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt>false</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="990E">true</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities referenceDocumentId="990F">true</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals referenceDocumentId="990F">true</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="990I">true</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="990J">true</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <InvestTaxExemptBonds>false</InvestTaxExemptBonds>
      <EscrowAccount>false</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson referenceDocumentId="990L">true</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions referenceDocumentId="990M">true</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg>false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>2080</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>1620</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>true</UnrelatedBusinessIncome>
      <Form990-TFiled>true</Form990-TFiled>
      <ForeignFinancialAccount>true</ForeignFinancialAccount>
      <NameOfForeignCountry>UK</NameOfForeignCountry>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>false</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
      <TaxableDistributions>false</TaxableDistributions>
      <DistributionToDonor>false</DistributionToDonor>
      <NbrVotingGoverningBodyMembers>29</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>29</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>true</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>TN</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>Kyle Webb Comptroller</NamePerson>
        <TelephoneNumber>9018433760</TelephoneNumber>
        <AddressUS>
          <AddressLine1>2000 North Parkway</AddressLine1>
          <City>Memphis</City>
          <State>TN</State>
          <ZIPCode>381121690</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>Anderson Ronald K</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Augustine Jamie</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Babcock Mickey</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Barton James H</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Brown Susan</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Bryan John H III</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Buckman Robert H</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Craddock Deborah Legg</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Crosby Meg</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Duncan Joe M</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Eckels Laila Adams</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Evans William E</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>HIll Wilton D</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Hugon John C</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jerden J L</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jones W Ralph III</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Lainoff Steve</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>McNeill Phillip H Sr</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Michaelcheck William J</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Moore Johnny B Jr</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Morris Herman Jr</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Palmer Vicki G</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Rhea Randy</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Robertson Charles</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Rollins Arthur W</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Saberioon Ali</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Waller Robert R</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Wilson Spence L</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Wynne Steven E</NamePerson>
        <Title>Trustee</Title>
        <AverageHoursPerWeek>002.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Boone J Allen</NamePerson>
        <Title>VP for Fin Business Affairs</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>254282</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>48261</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Borst Charlotte G</NamePerson>
        <Title>Dean Faculty VP Acad Affairs</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <Former>X</Former>
        <ReportableCompFromOrganization>92253</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>16378</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Casey Carol E</NamePerson>
        <Title>Dean of Students</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>136611</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>22914</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Daughdrill James H</NamePerson>
        <Title>Emeritus</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Former>X</Former>
        <ReportableCompFromOrganization>15000</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>204086</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Drompp Michael R</NamePerson>
        <Title>Dean Faculty VP Acad Affairs</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>175337</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>26518</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Johnson Robert M</NamePerson>
        <Title>VP for Student Info Services</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>212037</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>30632</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RIchey Melody K</NamePerson>
        <Title>Exec Asst to President</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>167941</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>40016</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Strandburg Robert J</NamePerson>
        <Title>Assoc Dean of Acad Affairs</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>119141</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>21675</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Troutt William E</NamePerson>
        <Title>President</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>298989</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>106424</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Wade Jennifer G</NamePerson>
        <Title>VP for Development</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>139324</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>41702</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Wigginton Russell T</NamePerson>
        <Title>VP for College Relations</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>154810</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>17919</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Wottle David J</NamePerson>
        <Title>Dean of Admissions/Fin Aid</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>204283</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>40316</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Leslie Michael</NamePerson>
        <Title>Professor Dean of British Studies</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>165215</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>34320</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>McWhirter N P</NamePerson>
        <Title>Assoc VP Fin Business Affairs</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>149581</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>70705</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Nelson Michael C</NamePerson>
        <Title>Professor</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>146965</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>33984</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Russ Jon L</NamePerson>
        <Title>Assoc Professor</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>142201</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>16665</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Shaffer Brian W</NamePerson>
        <Title>Assoc Dean of AA, Professor</Title>
        <AverageHoursPerWeek>037.50</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>138697</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>28266</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>2712667</TotalReportableCompFromOrg>
      <TotalOtherCompensation>800781</TotalOtherCompensation>
      <NumberIndividualsGT100K>23</NumberIndividualsGT100K>
      <FormersListed>true</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Ernst &amp; Young LLP</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO Box 933514</AddressLine1>
            <City>Atlanta</City>
            <State>GA</State>
            <ZIPCode>311933514</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Audit Services</DescriptionOfServices>
        <Compensation>191376</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Hanbury Evans Wright Vlattas &amp; Company</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO Box 3518</AddressLine1>
            <City>Norfolk</City>
            <State>VA</State>
            <ZIPCode>235143518</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Contractor</DescriptionOfServices>
        <Compensation>159662</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>TCB Entertainment LLC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>1555 Madison Ave</AddressLine1>
            <City>Memphis</City>
            <State>TN</State>
            <ZIPCode>381042448</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Talent Agent</DescriptionOfServices>
        <Compensation>123695</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>Ernie Worley Landscaping Company</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>8965 N Gragg Rd</AddressLine1>
            <City>Millington</City>
            <State>TN</State>
            <ZIPCode>380534844</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Contractor</DescriptionOfServices>
        <Compensation>123530</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>Whitney-Anderson Building Group LL</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO Box 633</AddressLine1>
            <City>Ellendale</City>
            <State>TN</State>
            <ZIPCode>380290633</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Contractor</DescriptionOfServices>
        <Compensation>105130</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>5</NumberOfContractorsGT100K>
      <GovernmentGrants>1089499</GovernmentGrants>
      <AllOtherContributions>11157014</AllOtherContributions>
      <NoncashContributions>416327</NoncashContributions>
      <TotalContributions>12246513</TotalContributions>
      <ProgramServiceRevenue>
        <Description>Tuition and Fees</Description>
        <TotalRevenueColumn>55608920</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>55608920</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Auxiliary Enterprises</Description>
        <BusinessCode>713940</BusinessCode>
        <TotalRevenueColumn>10970964</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>10784426</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>186538</UnrelatedBusinessRevenue>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>Other Income</Description>
        <TotalRevenueColumn>2463515</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2463515</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>69043399</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>2913215</TotalRevenueColumn>
        <ExclusionAmount>2913215</ExclusionAmount>
      </InvestmentIncome>
      <OtherRevenueMisc>
        <Description>Net realized and unrealized investment gains</Description>
        <TotalRevenueColumn>31238413</TotalRevenueColumn>
        <ExclusionAmount>31238413</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>31238413</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>115441540</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>68856861</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>186538</UnrelatedBusinessRevenue>
        <ExclusionAmount>34151628</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>23712895</Total>
        <ProgramServices>23712895</ProgramServices>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>903230</Total>
        <ProgramServices>903230</ProgramServices>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>2414586</Total>
        <ProgramServices>1076905</ProgramServices>
        <ManagementAndGeneral>1140161</ManagementAndGeneral>
        <Fundraising>197520</Fundraising>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>27290967</Total>
        <ProgramServices>22136913</ProgramServices>
        <ManagementAndGeneral>4048196</ManagementAndGeneral>
        <Fundraising>1105858</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>2049137</Total>
        <ProgramServices>1749098</ProgramServices>
        <ManagementAndGeneral>226769</ManagementAndGeneral>
        <Fundraising>73270</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>3408246</Total>
        <ProgramServices>2893274</ProgramServices>
        <ManagementAndGeneral>387084</ManagementAndGeneral>
        <Fundraising>127888</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>1869878</Total>
        <ProgramServices>1564474</ProgramServices>
        <ManagementAndGeneral>235736</ManagementAndGeneral>
        <Fundraising>69668</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>94819</Total>
        <ProgramServices>48390</ProgramServices>
        <ManagementAndGeneral>46051</ManagementAndGeneral>
        <Fundraising>378</Fundraising>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>128440</Total>
        <ProgramServices>23300</ProgramServices>
        <ManagementAndGeneral>105140</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising></FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>60752</Total>
        <ManagementAndGeneral>60752</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>328348</Total>
        <ProgramServices>179492</ProgramServices>
        <ManagementAndGeneral>148476</ManagementAndGeneral>
        <Fundraising>380</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>95298</Total>
        <ProgramServices>28195</ProgramServices>
        <ManagementAndGeneral>67103</ManagementAndGeneral>
      </Advertising>
      <OfficeExpenses>
        <Total>2399184</Total>
        <ProgramServices>1835413</ProgramServices>
        <ManagementAndGeneral>355775</ManagementAndGeneral>
        <Fundraising>207996</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>583682</Total>
        <ProgramServices>545389</ProgramServices>
        <ManagementAndGeneral>38293</ManagementAndGeneral>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>1979165</Total>
        <ProgramServices>1315446</ProgramServices>
        <ManagementAndGeneral>663719</ManagementAndGeneral>
      </Occupancy>
      <Travel>
        <Total>1199270</Total>
        <ProgramServices>1051491</ProgramServices>
        <ManagementAndGeneral>45601</ManagementAndGeneral>
        <Fundraising>102178</Fundraising>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>93124</Total>
        <ProgramServices>93124</ProgramServices>
      </ConferencesMeetings>
      <Interest>
        <Total>59470</Total>
        <ManagementAndGeneral>59470</ManagementAndGeneral>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>6392269</Total>
        <ProgramServices>2250648</ProgramServices>
        <ManagementAndGeneral>4141621</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>858366</Total>
        <ProgramServices>11203</ProgramServices>
        <ManagementAndGeneral>847163</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>Athletics, European British Studies Programs</Description>
        <Total>2399681</Total>
        <ProgramServices>2399681</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Board</Description>
        <Total>3300648</Total>
        <ProgramServices>3300648</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Commencement, Homecoming, Special Events</Description>
        <Total>425282</Total>
        <ProgramServices>230759</ProgramServices>
        <Fundraising>194523</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Faculty and Student Support</Description>
        <Total>1883572</Total>
        <ProgramServices>1883572</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Administrative Support</Description>
        <Total>266647</Total>
        <ProgramServices>109989</ProgramServices>
        <ManagementAndGeneral>149881</ManagementAndGeneral>
        <Fundraising>6777</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>3394611</Total>
        <ProgramServices>2743318</ProgramServices>
        <ManagementAndGeneral>591997</ManagementAndGeneral>
        <Fundraising>59296</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>87591567</Total>
        <ProgramServices>72086847</ProgramServices>
        <ManagementAndGeneral>13358988</ManagementAndGeneral>
        <Fundraising>2145732</Fundraising>
      </TotalFunctionalExpenses>
      <JointCosts>X</JointCosts>
      <SavingsAndTempCashInvestments>
        <BOY>7922276</BOY>
        <EOY>7106247</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>9450982</BOY>
        <EOY>10477072</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>612484</BOY>
        <EOY>983803</EOY>
      </AccountsReceivable>
      <OtherNotesLoansReceivableNet>
        <BOY>2591514</BOY>
        <EOY>2774784</EOY>
      </OtherNotesLoansReceivableNet>
      <PrepaidExpensesDeferredCharges>
        <BOY>699995</BOY>
        <EOY>779674</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>182238023</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>83333688</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>101586238</BOY>
        <EOY>98904335</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>93739508</BOY>
        <EOY>80746856</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>169397277</BOY>
        <EOY>206962219</EOY>
      </InvestmentsOtherSecurities>
      <OtherAssetsTotal>
        <BOY>631436</BOY>
        <EOY>1058110</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>386631710</BOY>
        <EOY>409793100</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>13173290</BOY>
        <EOY>14825572</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>2937971</BOY>
        <EOY>2829418</EOY>
      </DeferredRevenue>
      <TaxExemptBondLiabilities>
        <BOY>19660000</BOY>
        <EOY>13740000</EOY>
      </TaxExemptBondLiabilities>
      <OtherLiabilities>
        <BOY>8619454</BOY>
        <EOY>11323868</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>44390715</BOY>
        <EOY>42718858</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>153696445</BOY>
        <EOY>163017202</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>36587539</BOY>
        <EOY>47040134</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>151957011</BOY>
        <EOY>157016906</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>342240995</BOY>
        <EOY>367074242</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>386631710</BOY>
        <EOY>409793100</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="990A" softwareId="09000123" softwareVersion="2009.0.12">
      <School170b1Aii>X</School170b1Aii>
      <PublicSupportPertcentage170>0.00000</PublicSupportPertcentage170>
      <PublicSupportPercentage509>0.00000</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0.00000</InvestmentIncomePercentage>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="990B" softwareId="09000123" softwareVersion="2009.0.12">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="990D" softwareId="09000123" softwareVersion="2009.0.12">
      <IncludedOnFS>false</IncludedOnFS>
      <CurrentYear>
        <BeginningOfYearBalance>229523237</BeginningOfYearBalance>
        <Contributions>3385486</Contributions>
        <InvestmentEarningsOrLosses>31987512</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>11808320</GrantsOrScholarships>
        <OtherExpenditures>625593</OtherExpenditures>
        <EndOfYearBalance>252462322</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>281511695</BeginningOfYearBalance>
        <Contributions>784328</Contributions>
        <InvestmentEarningsOrLosses>-40636559</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>11545402</GrantsOrScholarships>
        <OtherExpenditures>590825</OtherExpenditures>
        <EndOfYearBalance>229523237</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <BoardDesignatedEOYBalance>0.25000</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.75000</PermanentEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>169943</OtherCostOrOtherBasis>
        <BookValue>169943</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>145638818</OtherCostOrOtherBasis>
        <Depreciation>58946269</Depreciation>
        <BookValue>86692549</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>23230523</OtherCostOrOtherBasis>
        <Depreciation>17452039</Depreciation>
        <BookValue>5778484</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>13198739</OtherCostOrOtherBasis>
        <Depreciation>6935380</Depreciation>
        <BookValue>6263359</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>98904335</TotalOfBookValueLandBuildings>
      <OtherSecurities>
        <Description>Funds of funds - Long Equity</Description>
        <BookValue>29644906</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Funds of funds - Fixed Equity</Description>
        <BookValue>11478651</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Hedged Equity</Description>
        <BookValue>80827150</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Absolute Return</Description>
        <BookValue>50598770</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Private Equity</Description>
        <BookValue>18314479</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Distressed Debt</Description>
        <BookValue>8488285</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Private Real Estate Funds</Description>
        <BookValue>5605081</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Privately Held Stock</Description>
        <BookValue>117486</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Zero Coupon Bonds</Description>
        <BookValue>324839</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Real Estate</Description>
        <BookValue>255267</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Other</Description>
        <BookValue>1307305</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>206962219</TotalOfBookValueSecurities>
      <OtherAssets>
        <Description>Deposits and Advances</Description>
        <BookValue>630006</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Postage</Description>
        <BookValue>90404</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Consignment Jewelry</Description>
        <BookValue>2999</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Other Assets</Description>
        <BookValue>136044</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Deferred Tax Asset</Description>
        <BookValue>198657</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>1058110</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>Assets held in custody for others</Description>
        <Amount>94868</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>Accrued Postretirement Benefits</Description>
        <Amount>11229000</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>11323868</TotalOfAmounts>
      <TotalRevenue>115441540</TotalRevenue>
      <TotalExpenses>87591567</TotalExpenses>
      <ExcessOrDeficitForYear>27849973</ExcessOrDeficitForYear>
      <OtherAmount>-3016726</OtherAmount>
      <TotalAdjustments>-3016726</TotalAdjustments>
      <ExcessOrDeficitPerFS>24833247</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>114472814</TotRevenueEtcAuditedFinclStmt>
      <OtherRevenues>-968726</OtherRevenues>
      <RevenueNotRptdF990>-968726</RevenueNotRptdF990>
      <RevenueSubtotal>115441540</RevenueSubtotal>
      <TotalRevenuePerForm990>115441540</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>62975442</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>62975442</ExpensesSubtotal>
      <OtherExpensesNotIncluded>24616125</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>24616125</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>87591567</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>XII</Identifier>
        <ReturnReference>2d</ReturnReference>
        <Explanation>Change in value of Charitable Remainder Trust agreements</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>XIII</Identifier>
        <ReturnReference>4b</ReturnReference>
        <Explanation>Student Financial Aid</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>V</Identifier>
        <ReturnReference>4</ReturnReference>
        <Explanation>The College uses the endowment primarily to provide scholarships for students and provide financial support for academic programming and faculty. The endowment also provides additions to the Library collection and supports student programming.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>XI</Identifier>
        <ReturnReference>8</ReturnReference>
        <Explanation>Change in value of charitable remainder trust agreements 968,726</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>XI</Identifier>
        <ReturnReference>8</ReturnReference>
        <Explanation>Actuarial loss on postretirement benefit obligation 2,048,000</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="990E" softwareId="09000123" softwareVersion="2009.0.12">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <PubViaBroadcastMediaExpln>We publish our nondiscrimination policy in many places. The most notable of which are in the newspaper with job postings, the college catalogue, and in recruiting materials.</PubViaBroadcastMediaExpln>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <GovtFinancialAidExplanation>Federal Financial Aid Funds</GovtFinancialAidExplanation>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
    </IRS990ScheduleE>
    <IRS990ScheduleF documentId="990F" softwareId="09000123" softwareVersion="2009.0.12">
      <GrantRecordsMaintained>true</GrantRecordsMaintained>
      <AcctsActvsOutUSTable>
        <Region>Central America and the Caribbean</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Study Abroad Programs</SpecificServicesProvided>
        <TotalExpenditures>53577</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Study Abroad Programs</SpecificServicesProvided>
        <TotalExpenditures>28003</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Europe</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Study Abroad Programs</SpecificServicesProvided>
        <TotalExpenditures>1974735</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Middle East and North Africa</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Study Abroad Programs</SpecificServicesProvided>
        <TotalExpenditures>24266</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South America</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Study Abroad Programs</SpecificServicesProvided>
        <TotalExpenditures>21</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South Asia</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Study Abroad Programs</SpecificServicesProvided>
        <TotalExpenditures>39296</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Sub-Saharan Africa</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Study Abroad Programs</SpecificServicesProvided>
        <TotalExpenditures>29663</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Central America and the Caribbean</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Faculty Conferences Research</SpecificServicesProvided>
        <TotalExpenditures>7195</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia and the Pacific</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Faculty Conferences Research</SpecificServicesProvided>
        <TotalExpenditures>3328</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Europe</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Faculty Conferences Research</SpecificServicesProvided>
        <TotalExpenditures>52208</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Middle East and North Africa</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Faculty Conferences Research</SpecificServicesProvided>
        <TotalExpenditures>6291</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>North America</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Faculty Conferences Research</SpecificServicesProvided>
        <TotalExpenditures>8291</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Russia and the Newly Independent States</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Faculty Conferences Research</SpecificServicesProvided>
        <TotalExpenditures>816</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South America</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Faculty Conferences Research</SpecificServicesProvided>
        <TotalExpenditures>597</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South Asia</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Faculty Conferences Research</SpecificServicesProvided>
        <TotalExpenditures>2961</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Sub-Saharan Africa</Region>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Faculty Conferences Research</SpecificServicesProvided>
        <TotalExpenditures>5825</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <TotalAmountSpent>2237073</TotalAmountSpent>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>Scholarships Awarded</TypeOfAssistance>
        <Region>East Asia and the Pacific</Region>
        <NumberOfRecipients>54</NumberOfRecipients>
        <AmountOfCashGrant>746130</AmountOfCashGrant>
        <MannerOfCashDisbursement>Tuition discount</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>Scholarships Awarded</TypeOfAssistance>
        <Region>Europe</Region>
        <NumberOfRecipients>13</NumberOfRecipients>
        <AmountOfCashGrant>76900</AmountOfCashGrant>
        <MannerOfCashDisbursement>Tuition discount</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>Scholarships Awarded</TypeOfAssistance>
        <Region>North America</Region>
        <NumberOfRecipients>1</NumberOfRecipients>
        <AmountOfCashGrant>13000</AmountOfCashGrant>
        <MannerOfCashDisbursement>Tuition discount</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>Scholarships Awarded</TypeOfAssistance>
        <Region>South America</Region>
        <NumberOfRecipients>1</NumberOfRecipients>
        <AmountOfCashGrant>30200</AmountOfCashGrant>
        <MannerOfCashDisbursement>Tuition discount</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>Scholarships Awarded</TypeOfAssistance>
        <Region>Sub-Saharan Africa</Region>
        <NumberOfRecipients>2</NumberOfRecipients>
        <AmountOfCashGrant>18500</AmountOfCashGrant>
        <MannerOfCashDisbursement>Tuition discount</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>Scholarships Awarded</TypeOfAssistance>
        <Region>South Asia</Region>
        <NumberOfRecipients>2</NumberOfRecipients>
        <AmountOfCashGrant>18500</AmountOfCashGrant>
        <MannerOfCashDisbursement>Tuition discount</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <Form990ScheduleFPartIV>
        <Identifier>I</Identifier>
        <ReturnReference>3</ReturnReference>
        <Explanation>Activities include European Studies Program, British Studies at Oxford, and 5 week study programs in China, Belgium, Costa Rica, Egypt, Germany, India, Latin America, Namibia, and Russia.</Explanation>
      </Form990ScheduleFPartIV>
    </IRS990ScheduleF>
    <IRS990ScheduleI documentId="990I" softwareId="09000123" softwareVersion="2009.0.12">
      <RecordsMaintained>true</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Scholarships Awarded</TypeOfGrant>
        <NumberOfRecipients>1322</NumberOfRecipients>
        <AmountOfNonCashAssistance>23712895</AmountOfNonCashAssistance>
        <DescriptionOfNonCashAssistance>Academic and need-based scholarship awards</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>III</Identifier>
        <ReturnReference>a</ReturnReference>
        <Explanation>The College has a professionally staffed financial aid office charged with the responsibility of ensuring that all recipients meet all eligibility criteria and ensuring that</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>III</Identifier>
        <ReturnReference>a</ReturnReference>
        <Explanation>the College is in compliance with all government regulations pertaining to financial aid.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="990J" softwareId="09000123" softwareVersion="2009.0.12">
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>true</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>Boone J Allen</NamePerson>
        <BaseCompensationFilingOrg>224999</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>29283</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>27154</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>21107</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>302543</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>283905</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Borst Charlotte G</NamePerson>
        <BaseCompensationFilingOrg>75301</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>16952</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>7389</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>8990</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>108632</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>260306</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Casey Carol E</NamePerson>
        <BaseCompensationFilingOrg>135474</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>1138</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>15628</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>7286</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>159526</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>155037</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Daughdrill James H</NamePerson>
        <BaseCompensationFilingOrg>15000</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>204086</OtherCompensationFilingOrg>
        <TotalCompensationFilingOrg>219086</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>226594</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Drompp Michael R</NamePerson>
        <BaseCompensationFilingOrg>173501</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>1836</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>20089</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>6429</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>201855</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>159756</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Johnson Robert M</NamePerson>
        <BaseCompensationFilingOrg>204657</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>7380</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>23864</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>6769</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>242670</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>235803</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>RIchey Melody K</NamePerson>
        <BaseCompensationFilingOrg>159215</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>8726</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>19222</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>20793</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>207956</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>203872</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Troutt William E</NamePerson>
        <BaseCompensationFilingOrg>290970</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>8019</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>87446</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>18978</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>405413</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>514234</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Wade Jennifer G</NamePerson>
        <BaseCompensationFilingOrg>137778</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>1546</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>17107</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>24595</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>181026</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>173675</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Wigginton Russell T</NamePerson>
        <BaseCompensationFilingOrg>153358</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>1452</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>17487</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>432</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>172729</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>167863</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Wottle David J</NamePerson>
        <BaseCompensationFilingOrg>197995</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>6288</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>23656</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>16659</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>244598</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>240039</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Leslie Michael</NamePerson>
        <BaseCompensationFilingOrg>110093</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>55122</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>12761</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>21559</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>199535</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>171550</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>McWhirter N P</NamePerson>
        <BaseCompensationFilingOrg>148812</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>769</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>17768</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>52937</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>220286</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>212217</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Nelson Michael C</NamePerson>
        <BaseCompensationFilingOrg>146196</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>769</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>17343</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>16641</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>180949</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Russ Jon L</NamePerson>
        <BaseCompensationFilingOrg>142102</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>99</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>10242</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>6423</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>158866</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Shaffer Brian W</NamePerson>
        <BaseCompensationFilingOrg>106918</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>31779</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>12348</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>15917</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>166962</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>II</Identifier>
        <Explanation>Compensation for James H. Daughdrill includes a distribution from Deferred Compensation Trust</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>I</Identifier>
        <ReturnReference>4b</ReturnReference>
        <Explanation>Both William Troutt and James H. Daughdrill participate in deferred compensation plans.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="990L" softwareId="09000123" softwareVersion="2009.0.12">
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>Child of substantial contributor</NameOfInterestedPerson>
        <RelationshipWithOrganization>substantial contributor</RelationshipWithOrganization>
        <AmountOfGrant>15000</AmountOfGrant>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>Child of substantial contributor</NameOfInterestedPerson>
        <RelationshipWithOrganization>substantial contributor</RelationshipWithOrganization>
        <AmountOfGrant>13000</AmountOfGrant>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>Child of substantial contributor</NameOfInterestedPerson>
        <RelationshipWithOrganization>substanital contributor</RelationshipWithOrganization>
        <AmountOfGrant>10000</AmountOfGrant>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>Child of substantial contributor</NameOfInterestedPerson>
        <RelationshipWithOrganization>substantial contributor</RelationshipWithOrganization>
        <AmountOfGrant>13000</AmountOfGrant>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>Child of substantial contributor</NameOfInterestedPerson>
        <RelationshipWithOrganization>substantial contributor</RelationshipWithOrganization>
        <AmountOfGrant>10000</AmountOfGrant>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>Child of substantial contributor</NameOfInterestedPerson>
        <RelationshipWithOrganization>substantial contributor</RelationshipWithOrganization>
        <AmountOfGrant>8000</AmountOfGrant>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>Child of substantial contributor</NameOfInterestedPerson>
        <RelationshipWithOrganization>substantial contributor</RelationshipWithOrganization>
        <AmountOfGrant>8000</AmountOfGrant>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>Child of substantial contributor</NameOfInterestedPerson>
        <RelationshipWithOrganization>substantial contributor</RelationshipWithOrganization>
        <AmountOfGrant>13000</AmountOfGrant>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>Child of substantial contributor</NameOfInterestedPerson>
        <RelationshipWithOrganization>substantial contributor</RelationshipWithOrganization>
        <AmountOfGrant>10000</AmountOfGrant>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>Child of substantial contributor</NameOfInterestedPerson>
        <RelationshipWithOrganization>substantial contributor</RelationshipWithOrganization>
        <AmountOfGrant>8000</AmountOfGrant>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>Child of substantial contributor</NameOfInterestedPerson>
        <RelationshipWithOrganization>substantial contributor</RelationshipWithOrganization>
        <AmountOfGrant>21000</AmountOfGrant>
      </Form990ScheduleLPartIII>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="990M" softwareId="09000123" softwareVersion="2009.0.12">
      <BooksAndPublications>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>1219</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair value at date received</MethodOfDeterminingRevenues>
      </BooksAndPublications>
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>414808</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair value at date received</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>Antique Chairs</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>300</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair value at date received</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>true</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>I</Identifier>
        <ReturnReference>32b</ReturnReference>
        <Explanation>The College uses a broker to sell gifts of securites received.</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="990O" softwareId="09000123" softwareVersion="2009.0.12">
      <GeneralExplanation>
        <Identifier>990 III</Identifier>
        <ReturnReference>4d</ReturnReference>
        <Explanation>Other Program Services include food services and residence halls, information technology, library services, and faculty research and development.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990 VI</Identifier>
        <ReturnReference>2</ReturnReference>
        <Explanation>Two of the Colleges trustees, Spence Wilson and Ron Anderson, have a family relationship.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990 VI</Identifier>
        <ReturnReference>10</ReturnReference>
        <Explanation>The Audit Committee of the Board of Trustees has responsibility for approving the Form 990 prior to filing. Subsequent to approval of the Audit Committee, the Form 990 will be provided to the full Board before filing.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990 VI</Identifier>
        <ReturnReference>12c</ReturnReference>
        <Explanation>All Trustees, Officers, and key employees are required to annually sign Conflict of Interest statements that disclose potential conflicts or the absence thereof. The Vice-President for Finance and Comptroller are charged with reviewing these statements as well as all transactions and relationships involving Trustees, Officers, and key employees to ensure compliance with the Colleges conflict of interest policy.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990 VI</Identifier>
        <ReturnReference>15</ReturnReference>
        <Explanation>The Human Resources Office has the responsibility for monitoring internal equity and external competitiveness for all employees utilizing various higher education market data, benchmarks and surveys. The President has final authority over salary adjustments or salary administration changes. The Executive Committee of the Board of Trustees is responsible for establishing and approving compensation for the President. The Executive Committee assesses the performance of the President and performs executive compensation analysis of peer institutions in determining the compensation level of the President.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990 VI</Identifier>
        <ReturnReference>19</ReturnReference>
        <Explanation>The Colleges governing documents and conflict of interest policy are available to the public on the Colleges website. Financial Statements are available only upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990 III</Identifier>
        <ReturnReference>4d</ReturnReference>
        <Explanation>Other Program Services include food services and residence halls, information technology, library services, and faculty research and development.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Schedule E Form 990 or 990-EZ Financial Aid or Government Assistance</Identifier>
        <ReturnReference>Line 6a The org receives aid, Line 6b The org has had their aid revoked or suspended.</ReturnReference>
        <Explanation>Federal Financial Aid Funds</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>