2011-05-16T14:40:47-05:00 2010-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2009-07-01 042104229 Stonehill College Inc STON 5085651345 320 Washington Street Easton MA 02357 Jeanne M Finlayson 2011-05-13 6175305000 2009 2016-02-24 21:20:13Z Rev Mark Cregan 320 WASHINGTON STREET EASTON MA 023576262 139486644 false X http://www.stonehill.edu X 1934 MA SEE SCHEDULE O 36 34 1877 1609 -38444 0 6116038 10419086 97582427 104239548 -1626457 4001706 95197 21668 102167205 118682008 25443142 27888800 0 0 44766471 45762022 44516 44184 2227466 32031080 33310529 102285209 107005535 -118004 11676473 263148874 305731509 98839512 122913635 164309362 182817874 SEE SCHEDULE O false false 89488353 27888800 104239548 STONEHILL IS A SELECTIVE CATHOLIC COLLEGE LOCATED NEAR BOSTON ON A BEAUTIFUL 375-ACRE CAMPUS IN EASTON, MASSACHUSETTS. WITH A STUDENT:FACULTY RATIO OF 13:1, THE COLLEGE ENGAGES 2,448 STUDENTS IN 80+ RIGOROUS ACADEMIC PROGRAMS IN THE LIBERAL ARTS, SCIENCES, AND PRE-PROFESSIONAL FIELDS. THE STONEHILL COMMUNITY HELPS STUDENTS TO DEVELOP THE KNOWLEDGE, SKILLS, AND CHARACTER TO MEET THEIR PROFESSIONAL GOALS AND TO LIVE LIVES OF PURPOSE AND INTEGRITY. 89488353 true true false true false false true false true true true false true false true false false true true false false false true true true false false false false false true false false false true true false false false false false false false false true 295 0 true 1877 true true true false false false false true true false false false 36 34 true false false false true true false true true false false true true true true true true true true false MA X X JEANNE M FINLAYSON 5085651337 320 WASHINGTON STREET EASTON MA 023576262 Rev Mark Cregan CSC 35.0 X X 0 0 40209 REV James E MacDonald CSC JD 1.0 X 0 0 0 Leo J Meehan III 1.0 X 0 0 0 REV Mark L Poorman CSC PHD 1.0 X 0 0 0 Carmel A Shields Esq MBA 1.0 X 0 0 0 William F Devin 1.0 X 0 0 0 Paul A Finn Esquire 1.0 X 0 0 0 Daniel Somers 1.0 X 0 0 0 DR Marsha A Moses PHD 1.0 X 0 0 0 BRO John Rhodes Paige CSC PHD 1.0 X 0 0 0 REV John J Ryan CSC PHD 1.0 X 0 0 0 Thomas J Lucey CSC MDiv STL 1.0 X 0 0 0 Thomas J May 1.0 X 0 0 0 REV Anthony R Grasso CSC PHD 1.0 X 0 0 0 Michael W Herlihy 1.0 X 0 0 0 Lawrence Salameno JD 1.0 X 0 0 0 Elizabeth G Hayden MEd 1.0 X 0 0 0 Theresa A Salameno 1.0 X 0 0 0 Daniel P Devasto 1.0 X 0 0 0 John E Drew MSSS 1.0 X 0 0 0 BRO Thomas A Dziekan CSC 1.0 X 0 0 0 REV David T Tyson CSC 1.0 X 0 0 0 Patrick W Griffin 1.0 X 0 0 0 REV Lawrence M Olszewski CSC 1.0 X 0 0 0 Sherrie A Ryan 1.0 X 0 0 0 Thomas F Bogan 1.0 X 0 0 0 Daniel J Coughlin Jr 1.0 X 0 0 0 REV William R Dailey CSC 1.0 X 0 0 0 REV Daniel J Issing CSC 1.0 X 0 0 0 Kathleen Miller 1.0 X 18909 0 0 F Robert Salerno 1.0 X 0 0 0 REV HUGH R PAGE JR PHD 1.0 X 0 0 0 REV THOMAS P LOONEY CSC 1.0 X 0 0 0 ALAN J JULIANO 1.0 X 0 0 0 SHERILYN MCCOY 1.0 X 0 0 0 JAMES J CLARK 1.0 X 0 0 0 Thomas V Flynn 35.0 X 119908 0 39739 Jeanne M Finlayson 35.0 X 199372 0 43856 Roger Goode 35.0 X 159146 0 39561 Francis Dillon 35.0 X 177532 0 42157 Sheila Conboy 35.0 X 197056 0 76605 Craig Binney 35.0 X 156298 0 86170 Joseph Favazza 35.0 X 157198 0 24497 Brian Murphy 35.0 X 145046 0 25795 Stephen Beauregard 35.0 X 118958 0 36360 ROBERT PEABODY 35.0 X 159609 0 53112 TAMARA ANDERSON 35.0 X 136015 0 36803 JAMES LEE 35.0 X 120349 0 28605 Edward Casieri 35.0 X 132936 0 0 1998332 0 573469 45 true true false Bond Brothers Inc 145 Spring St EVERETT MA 02149 construction 7043427 Sodexo Inc Affiliates C/o Dining Services 320 Washington NORTH EASTON MA 02357 food service 4171452 Walsh Brothers 210 Commercial Street BOSTON MA 02109 Construction 3680365 The SLAM Collaborative PO Box 12 BRATTLEVORO VT 05302 Architects 1411149 Congregation of the Holy Cross 835 Clinton Ave BRIDGEPORT CT 06604 Admin & Instrc. Serv 1363204 32 237636 1166170 9015280 199412 10419086 TUITION AND FEES 900099 75450032 75450032 AUXILLARY SERVICES 900099 26828359 26828359 OTHER EDUCATIONAL REVENUE 900099 1961157 1961157 104239548 1481451 -38444 1519895 0 0 23072162 20551907 2520255 2520255 2520255 274397 237636 252729 21668 21668 0 0 0 118682008 104239548 -38444 4061818 0 27888800 27888800 0 0 1363188 687438 493670 182080 0 34319347 25178530 7907479 1233338 2589529 1877128 609682 102719 4885614 3551184 1144773 189657 2604344 1887867 613171 103306 0 171289 80 171159 50 218180 218180 0 44184 44184 0 1660073 1179358 466965 13750 384822 30257 354565 1561554 926571 510662 124321 559493 559493 0 4646003 4274323 325220 46460 1820942 1622688 141838 56416 0 964705 594072 315203 55430 755926 390492 365434 0 4944078 4905518 32975 5585 464276 408623 55653 MISCELLANEOUS EXPENSE 4918175 3790254 1071430 56491 FOOD 4114832 4114753 79 STUDY ABROAD & INTERN PRG FEES 4061302 4061302 BOOK/PERIODICALS/VIDEO 698718 667259 30411 1048 RENTALS 637438 295601 340837 1000 728723 596762 120330 11631 107005535 89488353 15289716 2227466 12549125 20563170 1993272 7219997 3523397 5863126 433193 361200 0 9332 1988360 1909419 82440 79388 860011 1078738 195359606 66142053 108134083 129217553 61878777 58949209 70200484 78915397 1505732 1564980 263148874 305731509 7864154 8440028 3436168 3718603 75729747 94292667 1137005 1059349 10672438 15402988 98839512 122913635 X 134041626 146006304 11040908 15365953 19226828 21445617 164309362 182817874 263148874 305731509 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 1 1 false Part II-B, Line 1I STONEHILL COLLEGE PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITES ON BEHALF OF THEIR MEMBERS. THEREFORE A PORTION OF THE DUES PAID TO THESE ORGANZIATIONS MAY BE ATTRIBUTABLE TO LOBBYING ACTIVIES. X X false 115788047 2173378 15313989 786065 4882935 127606414 151026653 830098 -30211676 887993 4969035 115788047 0.80000 0.15000 0.05000 false false 752119 752119 126460831 40919253 85541578 496036 180666 315370 32533331 19120510 13412821 35117289 5921624 29195665 129217553 LIMITED PARTNERSHIPS 78915397 F 78915397 0 INTEREST RATE SWAP AGREEMENTS 8023967 INTEREST AND ACCRUED LIABILITIES 6107893 STUDENT LOANS 1271128 15402988 118682008 107005535 11676473 11395545 -4563506 6832039 18508512 97877976 11395545 -4310777 7084768 90793208 27888800 27888800 118682008 79369464 252729 252729 79116735 27888800 27888800 107005535 PART III, LINE 1A AND LINE 4 STONEHILL COLLEGE RECORDS ITEMS OF COLLECTIONS AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT STONEHILL COLLEGE. THEY ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. PART V, LINE 4 ENDOWMENT FUNDS ARE SPENT IN ACCORDANCE WITH DONOR RESTRICTIONS. THE FUNDS ARE INVESTED TO PRESERVE STONEHILL'S PURCHASING POWER WHILE PROVIDING A CONTINUING AND STABLE FUNDING SOURCE TO SUPPORT THE MISSION OF THE COLLEGE. PART X - OTHER LIABILITIES STONEHILL COLLEGE'S AUDITED FINANCIAL STATEMENTS DO NOT HAVE A FOOTNOTE REGARDING FIN 48. PART XI, LINE 8 NET LOSS ON INTEREST RATE SWAP $(4,310,777) FUNDRAISING EXPENSES $ (252,729) PART XII, LINE 2d NET LOSS ON INTEREST RATE SWAP $(4,310,777) PART XII, LINE 4B SCHOLARSHIPS AND OTHER AWARDS $27,888,800 PART XIII, LINE 2D FUNDRAISING EXPENSES $ 252,729 PART XIII, LINE 4B SCHOLARSHIPS AND OTHER AWARDS $27,888,800 true true true SEE SCHEDULE O. true true true true false false false false false false false false true false THIS INSTITUTION AND ITS STUDENTS PARTICIPATE IN THE FOLLOWING FEDERAL FUNDED PROGRAMS: FEDERAL PELL GRANT, FEDERAL PERKINS LOAN, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT AND FEDERAL WORK STUDY. true Europe (Including Iceland and Greenland) 0 0 Program Services study abroad Central America and the Caribbean 0 0 Program Services STUDY ABROAD Middle East and North Africa 0 0 Program Services STUDY ABROAD Sub-Saharan Africa 0 0 Program Services STUDY ABROAD East Asia and the Pacific 0 0 Program Services STUDY ABROAD South America 0 0 Program Services STUDY ABROAD North America 0 0 Program Services STUDY ABROAD South Asia 0 0 Program Services POST GRAD EDU. PROG. 0 0 schedule F, part I, line 3 The organization does not currently track foreign expenditures for each program separately. Therefore, Pursuant to IRS guidance, disclosure in this column is not required in the current year. X X X X X X true KATHY MILLER AND ASSOCIATES LLC FUNDRAISING CONSULTING false 55950 21335 34615 Washburn Associates fundraising consulting false 22014 55950 43349 34615 MA Golf Tournament 150713 63229 87484 31570 DINNER 208700 141030 67670 3640 54236 74282 1500 27734 4 152620 33377 119243 38754 21013 512033 237636 274397 3640 54236 70324 74282 1500 48747 252729 21668 true Tuition Assistance 2049 27888800 Grants and Assistance Schedule I, Part I, Line 2 The College awards grants on a fiscal year bassed according to the overall yearly budget. Individual awards are packaged based on an overall College strategy employing need and merit criteria. The College's financial aid office works with outside consultants to prepare packages. The financial aid office works with students to accept and/or adjust individual grants. PART III CASH GRANTS ARE CREDITS TO STUDENT ACCOUNTS. X true true X X X false false false false false false false true false Thomas V Flynn 119819 0 0 0 89 0 15216 0 24523 0 159647 0 0 0 Jeanne M Finlayson 199098 0 0 0 274 0 25824 0 18032 0 243228 0 0 0 Roger Goode 154017 0 5000 0 129 0 18996 0 20565 0 198707 0 0 0 Francis Dillon 176522 0 0 0 1010 0 22074 0 20083 0 219689 0 0 0 Sheila Conboy 196635 0 0 0 421 0 25824 0 50781 0 273661 0 0 0 Craig Binney 151100 0 5000 0 198 0 19308 0 66862 0 242468 0 0 0 Joseph Favazza 151638 0 5000 0 560 0 19155 0 5342 0 181695 0 0 0 Brian Murphy 144232 0 0 0 814 0 17717 0 8078 0 170841 0 0 0 Edward Casieri 132936 0 0 0 0 0 0 0 0 0 132936 0 0 0 Stephen Beauregard 113878 0 5000 0 80 0 14002 0 22358 0 155318 0 0 0 ROBERT PEABODY 159475 0 0 0 134 0 5851 0 47261 0 212721 0 0 0 TAMARA ANDERSON 131015 0 5000 0 0 0 16266 0 20537 0 172818 0 0 0 SCHEDULE J, PART I Stonehill College paid for professional services based on market compensation and benefits, totaling $960,071 to the Congregation of the Holy Cross for instructional, administrative, and institutional services. Individual members of the Congregation adhere to the vow of poverty. SCHEDULE J, Part I, Lines 1a and 1b AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF STONEHILL COLLEGE, THE PRESIDENT RECEIVED HOUSING ON CAMPUS. Schedule J, Part I, Line 7 The College has a performance-based bonus program to recognize extraordinary achievement. Employees are nominated and must be reviewed and approved by the president to receive a bonus. FORM 990, SCHEDULE J-2, PART I Kathleen Miller, board member, receives no compensation for her role as a board member. All compensation relates to her fundraising role with Stonehill College. Edward Casieri, Former VP for Finance and Treasurer, receives no compensation for his role as former officer. All compensation relates to his position as an investment consultant for Stonehill College, working with investment managers, the investment committee, and the CFO to monitor the College's investments. The amount of $40,209 reported in part VII for the president, Rev. Mark Cregan, includes healthcare, an auto, and the value of housing which is provided both as a condition of employment and for the convenience of Stonehill College. MHEFA SERIES K 042456011 57586CV77 2008-04-03 68920000 REFINANCE SERIES I, J, PARTIAL G false false MHEFA SERIES L 042456011 57586ELC3 2009-08-05 22197354 CONSTRUCT 250 BED RESIDENCE HALL false false MHEFA SERIES H 042456011 57585K7D4 2003-08-27 12263861 REFINANCE SERIES E 3/1/92 false false 69258969 1188 0 0 388035 0 26971325 2009 true false true true 22197354 472816 0 5897430 339230 0 15997372 false false false 12263953 820363 0 0 269096 0 0 true false true true false true false false true 0.00300 0.00300 true false false false false true true false false true true BANK OF AMERICA 20.2 false true true false false false false false true false false false false false true ROGER GOODE - Education Loan X 10000 9332 false false true 9332 WB MASON TRUSTEE IS CEO 486769 OFFICE PRODUCTS PURCHASES false KATHLEEN MILLER TRUSTEE IS CONSULTANT 21335 CONSULTING FEES false X 21 199412 FMV 0 false true true Supplemental Information Schedule M, Part I Stonehill College has provided the number of contributions. Schedule M, Part I, Line 32B The College uses a State Street Global Markets, LLC brokerage account for donors to transfer stock gifts. Gifts are subsequently sold through the State Street account and the cash is distributed to the College. FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION STONEHILL COLLEGE, A CATHOLIC INSTITUTION OF HIGHER LEARNING FOUNDED BY THE CONGREGATION OF HOLY CROSS, IS A COMMUNITY OF SCHOLARSHIP AND FAITH, ANCHORED BY A BELIEF IN THE INHERENT DIGNITY OF EACH PERSON. THROUGH ITS CURRICULUM OF LIBERAL ARTS AND SCIENCES AND PRE-PROFESSIONAL PROGRAMS, STONEHILL COLLEGE PROVIDES AN EDUCATION OF THE HIGHEST CALIBER THAT FOSTERS CRITICAL THINKING, FREE INQUIRY AND THE INTERCHANGE OF IDEAS. STONEHILL COLLEGE EDUCATES THE WHOLE PERSON SO THAT EACH STONEHILL GRADUATE THINKS, ACTS, AND LEADS WITH COURAGE TOWARD THE CREATION OF A MORE JUST AND COMPASSIONATE WORLD. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI - SECTION A, LINE 2 LARRY SALAMENO AND THERESA SALAMENO HAVE A FAMILY AND BUSINESS RELATIONSHIP. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI - SECTION A, LINES 6 AND 7A STONEHILL COLLEGE HAS TWO CLASSES OF MEMBERS: INCORPORATORS AND FELLOWS. THE INCORPORATORS CONSIST OF THE PROVINCIAL OF THE EASTERN PROVINCE, CONGREGATION OF THE HOLY CROSS, EX-OFFICIO, AND ALL PERPETUALLY PROFESSED RELIGIOUS OF THE CONGREGATION OF HOLY CROSS SERVING FROM TIME TO TIME AT STONEHILL COLLEGE. THE FELLOWS ARE MADE UP OF INDIVIDUALS THAT ARE INCORPORATORS, FACULTY, PART OF THE PRESIDENT'S COUNCIL, ALUMNI, AND STUDENTS. THE FELLOWS' SOLE POWER AND AUTHORITY IS TO ELECT THE BOARD OF TRUSTEES. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI - SECTION B, LINE 11 THE FORM 990 IS PREPARED AND SIGNED BY PRICEWATERHOUSECOOPERS LLP AS PAID PREPARER. THE FORM 990 IS FIRST REVIEWED BY STONEHILL COLLEGE'S INTERNAL MANAGEMENT. FOLLOWING THAT REVIEW, STONEHILL COLLEGE'S INTERNAL MANAGEMENT AND PAID PREPARER PRESENT THE FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW AND COMMENT. THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO THE FORM BEING FILED WITH THE IRS. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI - SECTION B, LINE 12C THE COLLEGE REQUIRES ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. QUESTIONNAIRES ARE COLLECTED AND REVIEWED BY THE OFFICE OF THE GENERAL COUNSEL. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AT ANY LEVEL AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WHICH IS DETERMINED ON A CASE BY CASE BASIS. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI - SECTION B, LINE 15A & B STONEHILL COLLEGE ANNUALLY REVIEWS THE SALARIES OF ITS EXECUTIVE LEVEL MANAGEMENT WITH THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTESS. THE HUMAN RESOURCE OFFICE PROVIDES COMPARABLE MARKET DATA ON THESE POSITIONS AT SIMILAR SIZE INSTITUTIONS. THE COLLEGE PRESIDENT MAKES SALARY RECOMMENDATIONS FOR HIS (HER) TOP MANAGEMENT REPORTS AND THE CHAIRMAN OF THE BOARD OF TRUSTEES MAKES A RECOMMENDATION ON THE PRESIDENT'S SALARY TO BE PAID TO THE CONGREGATION OF THE HOLY CROSS. COMPENSATION RECOMMENDATIONS ARE VOTED UPON BY THE BOARD. STONEHILL COLLEGE'S PRESIDENT IS A MEMBER OF THE CONGREGATION OF THE HOLY CROSS AND HAS TAKEN A VOW OF POVERTY. THE COMPENSATION AND CERTAIN BENEFITS OF REV. MARK CREGAN, ALONG WITH OTHER MEMBERS OF THE HOLY CROSS COMMUNITY WHO PROVIDE SERVICES TO STONEHILL COLLEGE AND HAVE TAKEN A VOW OF POVERTY, ARE PAID TO THE CONGREGATION OF THE HOLY CROSS. TOTAL PAYMENT TO THE CONGREGATION OF THE HOLY CROSS IN FY10 WAS $960,071. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI - SECTION C, LINE 19 AT THIS TIME, STONEHILL COLLEGE DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE COLLEGE POSTS ITS FINANCIAL STATEMENTS TO THE ELECTRONIC MUNICIPAL MARKET ACCESS WEBSITE AT HTTP://EMMA.MSRB.ORG, WHERE THEY ARE AVAILABLE TO THE PUBLIC. SCHEDULE E - SCHOOLS SCHEDULE E, LINE 3 THE FOLLOWING STATEMENT IS INCLUDED IN ALL BROCHURES, CATALOGUES, AND OTHER COMMUNICATIONS WITH THE PUBLIC DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS: "STONEHILL COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, GENDER, DISABILITY, AGE, MARITAL STATUS, RELIGION, COLOR OR NATIONAL ORIGIN, IN ADMISSIONS TO, ACCESS TO, TREATMENT IN OR EMPLOYMENT IN ITS PROGRAMS AND ACTIVITIES, EXCEPT WHERE SUCH CONDITIONS MAY CONSTITUTE BONA FIDE QUALIFICATIONS FOR THE PROGRAM OR ACTIVITIES IN QUESTION." SCHEDULE G, PART I SERVICES PROVIDED BY WASHBURN & ASSOCIATES WERE NOT ASSOCIATED WITH ANY SPECIFIC FUNDRAISING EVENT. SCHEDULE K, PART IV, COLUMN B, LINE 3C - TERM OF HEDGE THERE ARE 3 TERMS TO THE INTEREST RATE SWAP: 20.2 YEARS 20.1 YEARS 29.1 YEARS