2011-05-10T17:17:08-05:00 2010-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2009-07-01 131740451 FORDHAM UNIVERSITY FORD 7188171000 CONTROLLERS OFFICE 441 E FORDHAM BRONX NY 104585170 Frank Simio 7188174975 2011-05-10 true KPMG LLP 2127589700 2009 2016-02-24 21:20:13Z JOSEPH M MCSHANE SJ 441 EAST FORDHAM ROAD BRONX NY 104585170 675826153 false X www.fordham.edu X 1841 NY TO PROVIDE HIGHEST QUALITY EDUCATION TO UNDERGRADUATE AND GRADUATE STUDENTS IN THE JESUIT TRADITION. 39 38 7154 794 309531 -137451 67098897 63263068 478757752 509529728 -26834658 -4572600 298149 452878 519320140 568673074 104353239 113341448 0 0 261619996 270082206 322648 392892 11673075 173668633 167809131 539964516 551625677 -20644376 17047397 1105117818 1147448135 452354233 442197870 652763585 705250265 THE MISSION OF THE UNIVERSITY: FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION OF THE HIGHEST QUALITY. GUIDED BY ITS CATHOLIC AND JESUIT TRADITIONS, FORDHAM FOSTERS THE INTELLECTUAL, MORAL AND RELIGIOUS DEVELOPMENT OF ITS STUDENTS AND PREPARES THEM FOR LEADERSHIP IN A GLOBAL SOCIETY. false false 485184818 113341448 508891919 INSTRUCTION, RESEARCH AND PUBLIC SERVICE IN THE GRADUATE (6,700 STUDENTS ENROLLED) AND UNDERGRADUATE (7,615 STUDENTS ENROLLED) SCHOOLS OF THE UNIVERSITY. 485184818 true true false true false false true false true true true false true true 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 true true false false true 756 0 true 7154 true true true true UK false false false true true false false false 39 38 true false false false false false false true true false false true true true true true true true true false X FRANK SIMIO 7188171000 FORDHAM UNIVERSITY 441 EAST FORDHA BRONX NY 104585170 JOSEPH M MCSHANE SJ 35.0 X X 0 0 8568 LAWRENCE AURIANA 1.0 X 0 0 0 STEPHEN E BEPLER 1.0 X 0 0 0 KENNETH BOLLER SJ 1.0 X 0 0 0 JAMES E BUCKMAN 1.0 X 0 0 0 RICHARD BUONCORE 1.0 X 0 0 0 ELIZABETH BURNS 1.0 X 0 0 0 DONNA M CARROLL 1.0 X 0 0 0 JOHN CECERO SJ 1.0 X 0 0 0 EMANUEL CHIRICO 1.0 X 0 0 0 ROBERT D DALEO 1.0 X 0 0 0 CAROLYN N DOLAN 1.0 X 0 0 0 CHRISTINE F DRIESSEN 1.0 X 0 0 0 CHRISTOPHER F FITZMAURICE 1.0 X 0 0 0 MICHAEL J GARANZINI SJ 1.0 X 0 0 0 PATRICIA HELLER 1.0 X 0 0 0 PETER W HOWE 1.0 X 0 0 0 DARLENE LUCCIO JORDAN 1.0 X 0 0 0 JOHN P KEHOE 1.0 X 0 0 0 V JOHN KRISS 1.0 X 0 0 0 WILLIAM LOSHERT 1.0 X 0 0 0 J THOMAS MCCLAIN SJ 1.0 X 0 0 0 SYLVESTER MCCLEARN 1.0 X 0 0 0 HENRY S MILLER 1.0 X 0 0 0 ROBERT O SHEA 1.0 X 0 0 0 REGINA M PITARO 1.0 X 0 0 0 LORETTA A PRESKA 1.0 X 0 0 0 THOMAS P SALICE 1.0 X 0 0 0 JOHN N TOGNINO 1.0 X 0 0 0 MARK H TUOHEY III 1.0 X 0 0 0 ROSEMARY T BERKERY 1.0 X 0 0 0 VINCENT BIAGI S J 1.0 X 0 0 0 DENNIS FITZSIMONS 1.0 X 0 0 0 JOHN M KEANE 1.0 X 0 0 0 T J MALONEY 1.0 X 0 0 0 JOSEPH P PARKES SJ 1.0 X 0 0 0 PETER JOHN SACRIPANTI 1.0 X 0 0 0 VINCENT VIOLA 1.0 X 0 0 0 LILIAN WU 1.0 X 0 0 0 JOHN J LORDAN 35.0 X 437167 0 30049 BRIAN J BYRNE 35.0 X 281534 0 49030 PETER STACE 35.0 X 286293 0 46808 FRANK SIMIO 35.0 X 246988 0 66730 JEFFREY L GRAY 35.0 X 249141 0 64410 MARGARET BALL 35.0 X 144514 0 16822 PATRICK RYAN SJ 35.0 X 0 0 8568 ALBERT CHECCIO 35.0 X 365381 0 39212 FRANK SIRIANNI 35.0 X 239587 0 49661 THOMAS A DUNNE 35.0 X 335266 0 42589 STEPHEN FREEDMAN 35.0 X 421138 0 47878 JOSEPH QUINN 35.0 X 52987 0 3923 MARCO VALERA 35.0 X 227224 0 52066 DERECK WHITTENBURG 35.0 X 425173 0 46893 WILLIAM M TREANOR 35.0 X 429127 0 54229 HOWARD TUCKMAN 35.0 X 396174 0 38169 THOMAS LEE 35.0 X 317841 0 49743 SHEILA FOSTER 35.0 X 285135 0 53303 JOHN HOLLWITZ 35.0 X 378202 0 53881 5518872 0 822532 487 true true false GOTHAM CONSTRUCTION COMPANY LLC 1010 AVENUE OF THE AMERICAS 4TH FL NEW YORK NY 10018 CONSTRUCTION 43063375 EMPIRE HEALTHCHOICE ASSURANCE INC PO BOX 11532A NEW YORK NY 10256 BENEFIT PROVIDER 16179763 SODEXO INC AND AFFILIATES 9801 WASHINGTON BLVD GAITHERBURG MD 20878 FOOD SERVICES 13657946 PEI COBB FREED AND PARTNERS 88 PINE STREET NEW YORK NY 10005 CONSTRUCTION 8663129 SUMMIT SECURITY SERVICES 390 REXCORP PLAZA/LOBBY LEVEL/WEST UNIONDALE NY 11556 SECURITY SERVICES 5836496 271 1640789 26696067 34926212 1478884 63263068 TUITION & FEES 611600 446207828 446207828 AUXILIARY ENTERPRISES 611710 55849659 55849659 ATHLETIC AND SUMMER PROGRAMS 611710 3154996 3154996 FEES FOR EDUCATIONAL SERVICES 611600 1412041 1412041 VISITING PROFESSORS SALARY REIMBURSEMENTS 611600 936835 936835 1968369 1336036 632333 509529728 5771350 5771350 201965 201965 364603 364603 669452 669452 669452 669452 95856319 106402234 -10545915 -10545915 -10545915 147600 1640789 750845 -603245 -603245 0 0 PARKING INCOME - 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THE FIRST ELEMENT CAN BE DENOMINATED AS DEFENSIVE LOBBYING, DESIGNED TO ENSURE THAT GOVERNMENT FUNDED EDUCATION PROGRAMS WHICH CURRENTLY BENEFIT FORDHAM AND ITS STUDENTS ARE CONTINUED, MAINTAINED, IMPROVED UPON OR EXPANDED IN ORDER TO MEET BOTH CURRENT STUDENT AND INSTITUTIONAL NEEDS. THESE CONSIST OF PROGRAMS THAT BENEFIT THE UNIVERSITY AND/OR ITS STUDENTS, BOTH DIRECTLY AND INDIRECTLY. EXAMPLES OF SUCH PROGRAMS AT THE STATE LEVEL INCLUDE: THE NEW YORK STATE TUITION ASSISTANCE PROGRAM (TAP), THE HIGHER EDUCATIONAL OPPORTUNITY PROGRAM (HEOP), THE STATE INSTITUTIONAL AID PROGRAM (BUNDY AID FUNDING), AND THE COLLEGIATE SCIENCE AND TECHNOLOGY ENTRY PROGRAM (C-STEP). EXAMPLES OF SUCH PROGRAMS AT THE FEDERAL LEVEL INCLUDE: PELL GRANTS, CAMPUS BASED AID SUCH AS FEDERAL WORK STUDY (FWS) OR FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (FSEOG), PERKINS LOANS, AND FEDERALLY GUARANTEED STUDENT LOANS. FEDERAL PROGRAMS ALSO INCLUDE FEDERAL TAX CODE PROVISIONS WHICH SUPPORT THE UNIVERSITY'S MISSION AND/OR ENABLE A BROAD AND DIVERSE ARRAY OF STUDENTS TO ATTEND COLLEGE AND ENROLL IN OTHER HIGHER EDUCATION PROGRAMS, THROUGH BOTH TAX DEDUCTIONS AND TAX CREDITS. THE SECOND, MORE FORWARD LOOKING, ELEMENT OF FORDHAM'S LOBBYING EFFORTS FOCUSES ON THE UNIVERSITY'S INSTITUTIONAL ADVANCEMENT INITIATIVES THAT ARE DESIGNED TO OBTAIN FUNDING, AGENCY REGULATORY APPROVAL, AND/OR REGULATORY RELIEF FROM GOVERNMENTAL AGENCIES TO SUPPORT THE UNIVERSITY'S MISSION. THESE INITIATIVES OFTEN FOCUS ON SEEKING DISCRETIONARY EARMARKED GRANTS OR APPROPRIATIONS FOR CRITICAL UNIVERSITY PRIORITIES, SUCH AS DEVELOPING AND PRESERVING THE UNIVERSITY'S FACILITIES AND PROMOTING RESEARCH (BOTH FUNDAMENTAL AS WELL AS APPLIED, THAT WILL DIRECTLY OR INDIRECTLY BENEFIT THE GENERAL PUBLIC). PROMINENT EXAMPLES OF THESE INITIATIVES INCLUDE: (A) FUNDING FOR UNIVERSITY PHYSICAL INFRASTRUCTURE PROJECTS, SUCH AS: THE UNIVERSITY LIBRARY; ENVIRONMENTAL BIOLOGY RESEARCH ON LYME DISEASE, WEST NILE VIRUS, AND OTHER INSECT BORNE DISEASES AT FORDHAM'S CALDER CENTER VECTOR ECOLOGY INSTITUTE; THE PHYSICAL CHEMISTRY METEOR LAB; THE COMPUTER SCIENCE ROBOTICS PROGRAM; FAMILIAL DYSAUTONOMIA RESEARCH IN THE AREA OF CELLULAR BIOLOGY/GENETICS; NEW RESIDENCE HALLS DESIGNED AS LEARNING COMMUNITIES AND EQUIPPED WITH THE LATEST LEARNING TECHNOLOGIES. (B) FORDHAM'S "GREEN" INITIATIVES THAT ENABLE FORDHAM TO REDUCE ITS CARBON FOOTPRINT BY INTRODUCING ENERGY EFFICIENCIES AND NEW TECHNOLOGIES, SUCH AS SOLAR AND ELECTRIC POWERED CAMPUS VEHICLES. THESE ENVIRONMENTAL INITIATIVES ARE MADE POSSIBLE THROUGH MATCHING GOVERNMENTAL FUNDS AWARDED BY NYSERDA AND FEDERAL STIMULUS FUNDS. (C) MAINTAINING PROGRAM ACTIVITIES, SUCH AS: FORDHAM'S REGIONAL EDUCATIONAL TECHNOLOGY CENTER (CURRENTLY IN OPERATION AND ENJOYING TREMENDOUS SUCCESS) AND WFUV PUBLIC RADIO FROM FORDHAM UNIVERSITY ARE EXAMPLES OF PROGRAMS SUPPORTED BY A VARIETY OF FEDERAL FUNDING SOURCES, INCLUDING THE CORPORATION FOR PUBLIC BROADCASTING (CPB). (D) THE MASTER REDEVELOPMENT PLAN FOR FORDHAM'S LINCOLN CENTER CAMPUS IN MANHATTAN - THIS IS THE UNIVERSITY'S MOST IMPORTANT PRIORITY WITHIN THE UNIVERSITY'S PHYSICAL DEVELOPMENT ASPECT OF ITS STRATEGIC PLAN. THE PLAN RECENTLY RECEIVED APPROVAL FROM THE CITY OF NEW YORK SUBSEQUENT TO THE CITY'S UNIFORM LAND-USE REVIEW PROCEDURE, AND WE HAVE BEGUN TO INAUGURATE THE PLAN'S IMPLEMENTATION WITH THE CONSTRUCTION OF A NEW FORDHAM SCHOOL OF LAW BUILDING AND UNDERGRADUATE RESIDENCE HALL. ALL OF THESE INITIATIVES ARE DESIGNED TO MEET CRUCIAL INSTITUTIONAL AND PUBLIC NEEDS. FUTURE PROJECTS WOULD INCLUDE SEEKING SUPPORT FOR UNDERGRADUATE SCIENCE TEACHING AND RESEARCH LABORATORY FACILITIES. IN PURSUING THIS INITIATIVE, THE UNIVERSITY WOULD SEEK FUNDS NOT ONLY FOR ITS OWN INSTITUTIONAL ADVANCEMENT, BUT ALSO TO FURTHER SCIENCE, CULTURE, AND INTELLECTUAL AND PROFESSIONAL EDUCATION FOR THE LARGER COMMUNITY AND GENERAL PUBLIC. FORDHAM GARNERS SUPPORT FROM LOCAL AND NATIONAL ELECTED OFFICIALS FOR THESE KINDS OF INITIATIVES, AS WELL AS FOR MORE CUSTOMARY COMPETITIVE OR "PEER REVIEW" TYPE OF RESEARCH GRANT FUNDING THROUGH NSF, FIPSE, AND THE INSTITUTES OF HEALTH. FORDHAM'S GOVERNMENT RELATIONS AND LOBBYING ACTIVITIES MAY INCLUDE COMMUNICATING WITH VARIOUS BRANCHES, AGENCIES, AND COMMITTEES OF THE FEDERAL, STATE, AND LOCAL GOVERNMENT. FORDHAM'S COMBINATION OF DEFENSIVE LOBBYING WITH PROACTIVE ADVANCEMENT INITIATIVES BENEFIT THE UNIVERSITY AND THE PUBLIC, WHOM WE ARE CHARTERED TO SERVE, AND IS COMMON TO MOST INSTITUTIONS OF HIGHER LEARNING, BOTH PUBLIC AND INDEPENDENT. THIS ACTIVITY REPRESENTS AN APPROPRIATE EXERCISE OF FORDHAM'S FIRST AMENDMENT RIGHTS, WHICH THE UNIVERSITY POSSESSES ALONG WITH ALL OTHER ORGANIZATIONS AND INDIVIDUALS IN AMERICAN SOCIETY, WHO ACT TO PROMOTE THEIR OWN ADVANCEMENT AND SECURE THEIR LIVELIHOOD BY SEEKING APPROPRIATE GOVERNMENTAL PROTECTION, ASSISTANCE, AND SUPPORT FOR INITIATIVES AND PROGRAMS THAT BENEFIT THE BROADER PUBLIC, AS WELL AS THOSE WHOM THEY DIRECTLY SERVE. 0 4537812 X X false 330165755 17452171 38740908 5644043 7536061 1635214 371543516 434705631 9458770 -95864896 5067255 11579969 1486526 330165755 0.32940 0.67060 true false 12427538 12427538 503122051 177533591 325588460 2391362 814510 1576852 199296147 89057682 110238465 189591202 9557448 180033754 629865069 ALTERNATIVE INVESTMENTS 208007875 F OTHER ASSETS 3044688 F 211052563 0 POST RETIREMENT BENEFITS OBLIGATIONS 38869000 REFUNDABLE ADVANCES 4711423 AMOUNTS HELD ON BEHALF OF OTHERS 2958062 CAPITALIZED LEASE OBLIGATIONS 1114736 BORROWINGS UNDER LINE OF CREDIT 10000000 57653221 568673074 551625677 17047397 43563751 -8124468 35439283 52486680 493658160 43563751 -117568256 -74004505 567662665 1761254 -750845 1010409 568673074 433047012 750845 750845 432296167 1761254 117568256 119329510 551625677 PART III, LINE 4 THE UNIVERSITY'S MOST SIGNIFICANT COLLECTION IS ITS MUSEUM OF GREEK, ETRUSCAN AND ROMAN ART. THE ANTIQUITIES MUSEUM OCCUPIES 4,000 SQUARE FEET OF SPACE AND IT FEATURES MORE THAN 260 ANTIQUITIES DATING FROM THE 10TH CENTURY B.C. THROUGH THE 3RD CENTURY A.D. THE COLLECTION SPANS SEVERAL PERIODS - MYCENAEAN, VILLANOVAN, CLASSICAL GREECE, GEOMETRICAL, ARCHAIC ROMAN, IMPERIAL ROMAN, REPUBLICAN, ETRUSCAN, AND SOUTH ITALIAN. THERE ARE RED-FIGURE AND RED-AND-BLACK-FIGURE CERAMICS, AND THE SHINY BLACK ETRUSCAN POTTERY KNOWN AS BUCCHERO. THERE IS AN ARRAY OF SCULPTURE AND TERRA COTTA HEADS. AMONG THE ITEMS ON DISPLAY ARE: -A TERRACOTTA PATERA (SHALLOW BOWL) WITH KNOB HANDLES, CA. 340 B.C.; -A KYLIX (DRINKING CUP WITH TWO HANDLES), ATTRIBUTED TO THE PAINTER OF BERLIN 2268, A VASE PAINTER OF THE LATE SIXTH CENTURY B.C.; -A PORTRAIT OF JULIA AQUILIA SEVERA, THE SECOND AND FOURTH WIFE OF EMPEROR ELAGABALUS, A.D. 220-222; AND -A PORTRAIT OF THE EMPEROR HADRIAN FROM THE SECOND CENTURY A.D. THE MUSEUM, WHICH IS FREE OF CHARGE, IS OPEN TO THE GENERAL PUBLIC. PART V, LINE 4 FORDHAM UNIVERSITY'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT FINANCIAL ASSISTANCE FOR STUDENTS, TO FUND ADDING NEW AND CUTTING EDGE PROGRAMS WHILE MAINTAINING AND IMPROVING EXISTING ONES, AND TO IMPROVE AND MAINTAIN THE CAMPUS TO MEET THE NEEDS OF THE UNIVERSITY COMMUNITY. PART X, LINE 2 IT WAS DETERMINED THAT FIN 48 HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS FOR THE JUNE 30, 2010 YEAR, AND THEREFORE THE FINANCIAL STATEMENTS DID NOT INCLUDE A FIN 48 FOOTNOTE. PART XI, LINE 8 OTHER ADJUSTMENTS CHANGE IN VALUE OF INTEREST RATE SWAP -4,624,468 LOSS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC BENEFIT COST -3,883,000 UNREALIZED CHANGE IN VALUE OF PERPETUAL TRUST 383,000 ------------ -8,124,468 ============ PART XII, LINE 2D OTHER ADJUSTMENTS FINANCIAL AID EXPENSE -117,568,256. PART XII, LINE 4B OTHER ADJUSTMENTS SPECIAL EVENT EXPENSES -750,845 PART XIII, LINE 2D OTHER ADJUSTMENTS SPECIAL EVENT EXPENSES 750,845 PART XIII, LINE 4B OTHER ADJUSTMENTS FINANCIAL AID EXPENSE 117,568,256. true true true THE UNIVERSITY INCLUDED A STATEMENT OF ITS POLICY ON RACIAL NONDISCRIMINATION TOWARD STUDENTS IN ALL ITS NEWSPAPERS AND BROADCAST SOLICITATIONS FOR STUDENTS. true true true true false false false false false false false false true false THE UNIVERSITY RECEIVES RESEARCH, TRAINING, AND STUDENT GRANTS FROM THE NATIONAL SCIENCE FOUNDATION, THE DEPARTMENT OF HEALTH AND HUMAN SERVICES, THE DEPARTMENT OF EDUCATION, THE DEPARTMENT OF AGRICULTURE, AND VARIOUS OTHER AGENCIES INCLUDING ONES FROM THE STATE OF NEW YORK AND THE CITY OF NEW YORK. true Europe (Including Iceland and Greenland) 1 7 Program Services GLOBAL STUDIES 1724618 Europe (Including Iceland and Greenland) 0 1 Program Services SUMMER ABROAD GRANADA 146577 Europe (Including Iceland and Greenland) 0 5 Program Services SUMMER ABROAD ITALY 92634 Sub-Saharan Africa 0 0 Program Services LAW SCHOOL PROGRAM 83851 East Asia and the Pacific 0 2 Program Services GRADUATE SCHOOL 91479 Europe (Including Iceland and Greenland) 0 8 Program Services LAW SCH. SUMMER PROG. 274124 East Asia and the Pacific 0 4 Program Services SUMMER INSTITUTE 335016 Central America and the Caribbean 0 0 Investments 1 27 2748299 X X X X X X X true GRENZABACH GLIER AND ASSOCIATES PROF. FUNDRAISING false 0 134105 0 RUFFALOCODY PROF. FUNDRAISING false 0 258787 0 0 392892 0 FOUNDERS DINNER 1788389 1640789 147600 350058 400787 0 1788389 1640789 147600 350058 400787 750845 -603245 true STUDENT SCHOLARSHIPS 6650 113341448 0 N/A N/A MONITORING SCHEDULE I, PART I, LINE 2 FORDHAM UNIVERSITY PROVIDES VARIOUS TYPES OF FINANCIAL ASSISTANCE TO ENABLE STUDENTS TO AFFORD A FORDHAM EDUCATION. THE UNIVERSITY IS PARTICULARLY COMMITTED TO DO ALL WE CAN TO ALLEVIATE THE IMPACT OF THE ECONOMIC DOWNTURN ON STUDENTS AND THEIR FAMILIES. FORDHAM'S FINANCIAL AID DEPARTMENT WORKS WITH STUDENTS TO HELP THEM DEVISE A PLAN TO FUND THEIR EDUCATION. ASSISTANCE MAY INCLUDE A COMBINATION OF GRANTS, LOANS AND PAYMENT PLANS, DEPENDING ON INDIVIDUAL CIRCUMSTANCES AND RESOURCES. SCHOLARSHIP GRANTS ARE AWARDED ON THE BASIS OF FINANCIAL NEED AND/OR SCHOLASTIC ACHIEVEMENT, AND ON A NON-DISCRIMINATORY BASIS. STUDENTS MUST COMPLETE CERTAIN QUESTIONNAIRES AND APPLICATIONS TO DEMONSTRATE THEIR QUALIFICATION FOR VARIOUS TYPES OF FEDERAL, STATE, LOCAL, AND INSTITUTIONAL FINANCIAL ASSISTANCE. THE VARIOUS FINANCIAL ASSISTANCE PROGRAMS HAVE PARTICULAR REQUIREMENTS FOR SELECTION CRITERIA AND MONITORING THE USE OF GRANT FUNDS, SUCH AS UNDER 0MB CIRCULAR NO. A-133. THESE REQUIREMENTS MAY INCLUDE A MINIMUM COURSE LOAD, DEMONSTRATED ACADEMIC PROGRESS, AND OTHER SIMILAR REQUIREMENTS. 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DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983TPB3 2004-05-06 28975948 REFUNDING LC 1994 DEBT ISSUE false false DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649903C33 2008-05-21 96895000 REFUNDING LC 2005 DEBT ISSUE false false DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 6499032B6 2008-07-25 118287807 2008 ISSUE-CAMPBELL RESIDENCE HALL false false 30028437 29162765 865672 2005 false true true true 97282370 95869900 1412470 2008 true false true true 118287807 3727004 3643551 110933256 2010 false false true true false false false false false true false false false false false true false false true false false 0.01000 0.01000 true false false false false false false false true true MERRILL LYNCH 3.25 false false false false false false false false false JOHN LORDAN - MORTGAGE X 450000 300000 false false true JOHN HOLLWITZ - RELOCATION LOAN X 592000 422502 false false true STEPHEN FREEDMAN - MORTGAGE X 1637500 837500 false false true 1560002 GAMCO INVESTORS INC SEE SCHEDULE O 203043 SEE SCHEDULE O false X 64 1197345 MARKET QUOTATION X ANNUITIES 4 272437 MARKET QUOTATION X EVENT 5 8867 COST X TICKETS 1 235 COST false true true THIRD PARTIES SCHEDULE M, PART I, LINE 32B THE ORGANIZATION UTILIZES A STOCK BROKER TO PROCESS AND SELL DONATED SECURITIES. FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 2 PETER STACE, OFFICER/VP OF ENROLLMENT, HAS A FAMILY RELATIONSHIP WITH MARGARET BALL, OFFICER/UNIVERSITY SECRETARY. 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11A THE FINANCE DEPARTMENT WORKS CLOSELY WITH KPMG, LLP, THE UNIVERSITY'S INDEPENDENT ACCOUNTING FIRM, TO PREPARE FORM 990. THE FINANCE DEPARTMENT PREPARES AN INITIAL DRAFT, WHICH KPMG REVIEWS TOGETHER WITH VARIOUS SUPPORTING DOCUMENTATION. WHEN BOTH KPMG AND THE FINANCE STAFF ARE SATISFIED WITH THE FINAL DRAFT, IT IS THEN CAREFULLY REVIEWED AND EDITED BY THE CFO AND CONTROLLER, WHO THEN PROVIDE THE REVISED RETURN TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE BOARD OF TRUSTEES HAS DELEGATED THE RESPONSIBILITY FOR REVIEWING THE RETURN TO THE EXECUTIVE COMMITTEE. QUESTIONS AND COMMENTS BY THE EXECUTIVE COMMITTEE ARE INCORPORATED INTO THE FORM 990 AS APPROPRIATE. A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. CONFLICT OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL TRUSTEES, OFFICERS, AND EMPLOYEES THAT REQUIRES, AMOUNG OTHER THINGS, THAT NO INDIVIDUAL MAY PARTICIPATE IN DISCUSSION OR DECISION ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. ALL TRUSTEES, OFFICERS AND INDIVIDUALS WHO HAVE SIGNING AUTHORITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND TO INDICATE WHETHER THE UNIVERSITY DOES BUSINESS WITH AN ENTITY IN WHICH THEY HAVE A MATERIAL FINANCIAL INTEREST. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO MITGATE ANY ACTUAL OR PERCEIVED CONFLICT, INCLUDING REQUIRING THAT SUCH TRANSACTION BE CONDUCTED AT ARM'S LENGTH, FOR GOOD AND SUFFICIENT CONSIDERATION, BASED ON TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY, AND IN ACCORDANCE WITH RELEVANT STATE CONFLICT OF INTEREST LAWS AND THE UNIVERSITY'S TAX-EXEMPT STATUS UNDER SECTION 501(C)(3). COMPENSATION FORM 990, PART VI, SECTION B, LINE 15 FORDHAM'S BOARD OF TRUSTEES HAS DELEGATED RESPONSIBILITY FOR DETERMINING COMPENSATION FOR CERTAIN MEMBERS OF SENIOR MANAGEMENT TO THE BOARD'S COMPENSATION COMMITTEE. HOWEVER, THE APPROVAL OF THE FULL BOARD OF TRUSTEES IS REQUIRED FOR APPROVAL OF THE PRESIDENT'S ANNUAL SALARY. ALL TRUSTEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST POLICY DISCLOSURE STATEMENT EACH YEAR TO ENSURE INDEPENDENCE. THE COMPENSATION COMMITTEE SEEKS TO ENSURE THAT EMPLOYEES ARE PAID WITHIN THE RANGE OF THE GOING MARKET RATE FOR SUCH POSITIONS AT SIMILARLY SITUATED UNIVERSITIES IN SIMILAR GEOGRAPHIC REGIONS, BY REFERENCE TO COMPENSATION SURVEYS AND OTHER INSTITUTIONS' FORM 990 RETURNS. FORDHAM KEEPS RECORDS TO DOCUMENT ITS COMPENSATION SETTING PROCESS. GOVERNING DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 FORDHAM UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE CURRENTLY AVAILABLE ON THE UNIVERSITY'S WEBSITE. FORDHAM UNIVERSITY'S FINANCIAL STATEMENTS MAY BE MADE AVAILABLE UPON REQUEST FROM THE FINANCE AND ACCOUNTING OFFICE. BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCHEDULE L, PART IV (A)NAME OF PERSON: REGINA PITARO (B)RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: REGINA PITARO WAS A TRUSTEE OF THE UNIVERSITY AND MANAGING DIRECTOR OF GAMCO INVESTORS, INC., AN OUTSIDE INVESTMENT MANAGEMENT COMPANY. (C)AMOUNT OF TRANSACTION: $203,043. (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY HAS ENGAGED GAMCO INVESTORS, INC. SINCE JULY 2000 TO MANAGE ONE INVESTMENT FUND IN ACCORDANCE WITH THE UNIVERSITY'S INVESTMENT POLICY, WHICH IS APPROVED BY THE UNIVERSITY'S INVESTMENT COMMITTEE. THE INVESTMENT COMMITTEE PERFORMED A THOROUGH REVIEW OF SEVERAL CANDIDATES, AND DETERMINED THAT GAMCO INVESTORS, INC. WAS THE BEST CHOICE. REGINA PITARO, MANAGING DIRECTOR OF GAMCO INVESTORS, INC., WAS ELECTED TO THE UNIVERSITY'S BOARD OF TRUSTEES IN THE JUNE 30, 2007 YEAR AND CONTINUED TO SERVE DURING THE JUNE 30, 2010 YEAR. THE UNIVERSITY'S NOMINANCE AND GOVERNANCE COMMITTEE AND THE FULL BOARD OF TRUSTEES WERE MADE AWARE OF THIS CONFLICT PRIOR TO HER APPOINTMENT AS TRUSTEE, AND THE UNIVERSITY HANDLES ALL RELATED MATTERS CONSISTENTLY WITH ITS CONFLICT OF INTEREST POLICY. MS. PITARO IS NOT A MEMBER OF THE INVESTMENT COMMITTEE, WHICH ADVISES THE BOARD OF TRUSTEES ON ALL INVESTMENT STRATEGIES AND RELATED DECISIONS, AND SHE RECUSES HERSELF FROM ALL INVESTMENT DISCUSSIONS AT THE BOARD LEVEL. (E)SHARING OF ORGANIZATION REVENUES: NO. BONDS SCHEDULE K, PART IV, LINE 3C, COLUMN B THE UNIVERSITY PAYS A FIXED RATE OF 3.2475% AND RECEIVES 67% OF THE ONE-MONTH LIBOR ON THE NOTIONAL PRINCIPAL AMOUNT OF OUR 2008A BONDS. FORDHAM UNIVERSITY (USA) UK PROGRAM LTD 15 St Botolph Street LONDON UK EC3A 7NJ EDUCATION UK N/A N/A N/A FORDHAM UNIVERSITY UK CHARITABLE TRUST 15 St Botolph Street LONDON UK EC3A 7NJ EDUCATION UK N/A N/A N/A false false false false false false false false false false false false false false true false false false FORDHAM UNIVERSITY (USA) UK PROGRAM LTD O 674142