2011-05-16T14:42:47-05:00 2010-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2009-07-01 050258809 Brown University BROW 4018632716 Controllers Office Box J Providence RI 02912 ELIZABETH CAZENOVE HUIDEKOPER 4018639400 2011-05-16 true PRICEWATERHOUSECOOPERS LLP 6175305000 2009 2016-02-24 21:20:13Z Ruth J Simmons BROWN UNIVERSITY BOX J PROVIDENCE RI 02912 3605727618 false X http://www.brown.edu X 1764 RI SEE SCHEDULE O. 60 55 10797 20220 -6516899 -7135478 290208019 287859413 387259167 410853852 -89005344 47204859 21442325 9449699 609904167 755367823 100181223 106456415 0 0 388960337 402646652 26106 22497 21250440 270414539 272442944 759582205 781568508 -149678038 -26200685 3393401181 3724545395 685972945 868924943 2707428236 2855620452 SEE SCHEDULE O. false false 201872173 322241073 INSTRUCTION/ENROLLMENT. (SEE SCHEDULE O) 130779282 106456415 STUDENT AID, FELLOWSHIPS AND SCHOLARSHIPS. (SEE SCHEDULE O) 76374608 82218276 Auxiliary Services / Activities Includes the operation of the dormitories, dining services, health services, the bookstore, etc. These services accomodate students, faculty and staff by supporting academic & cultural enrichment. 259249386 6394503 668275449 true true false true false false true true true true false true true true true false false true true false false false true true true false false false false false false false true false true true true false false false true true false false true 1473 0 true 10797 true true true true false false false true true false false false 60 55 true false false false false false false true true false true false true true true true true false true true false X DONALD S SCHANCK 4018639570 BROWN UNIVERSITY BOX J PROVIDENCE RI 02912 Ruth J Simmons 40.0 X X 574258 0 82425 Elizabeth Z Chace 2.0 X 0 0 0 Donald C Hood 2.0 X X 0 0 0 Robin A Lenhardt 2.0 X 0 0 0 David E McKinney 2.0 X 0 0 0 Steven Rattner 2.0 X 0 0 0 Stephen Robert 2.0 X 0 0 0 Mark S Blumenkranz 2.0 X 0 0 0 James J Burke Jr 2.0 X 0 0 0 Spencer R Crew 2.0 X 0 0 0 Charles M Davis 2.0 X 0 0 0 Katherine G Farley 2.0 X 0 0 0 Richard A Friedman 2.0 X 0 0 0 Charles H Giancarlo 2.0 X 0 0 0 Martin J Granoff 2.0 X 0 0 0 Cathy Frank Halstead 2.0 X 0 0 0 H Anthony Ittleson 2.0 X 0 0 0 Debra L Lee 2.0 X 0 0 0 Karen M Levy 2.0 X 0 0 0 Samuel M Mencoff 2.0 X 0 0 0 Annette L Nazareth 2.0 X 0 0 0 Jonathan M Nelson 2.0 X 0 0 0 Theresia Gouw Ranzetta 2.0 X 0 0 0 Alison S Ressler 2.0 X X 0 0 0 Carmen M Rodriguez 2.0 X 0 0 0 Ralph F Rosenberg 2.0 X 0 0 0 Charles M Royce 2.0 X 0 0 0 Joan Wernig Sorensen 2.0 X 0 0 0 Anita V Spivey 2.0 X 0 0 0 Marta Tienda 2.0 X 0 0 0 Thomas J Tisch 2.0 X X 0 0 0 William H Twaddell 2.0 X 0 0 0 Jerome C Vascellaro 2.0 X X 0 0 0 Peter S Voss 2.0 X 0 0 0 William P Wood 2.0 X 0 0 0 Thomas Berry 2.0 X 0 0 0 Steven A Cohen 2.0 X 0 0 0 Barry S Rosenstein 2.0 X 0 0 0 Nancy Fuld Neff 2.0 X 0 0 0 Barry S Sternlicht 2.0 X 0 0 0 LAURA GELLER 2.0 X 0 MATTHEW J MALLOW 2.0 X 0 MARIA T ZUBER 2.0 X 0 NORMAN W ALPERT 2110-63010 2.0 X 0 RICHARD C BARKER 2110-63010 2.0 X 0 ANDREA TERZI BAUM 1110-63010 2.0 X 0 KATHERINE BURTON 2.0 X 0 CRAIG M COGUT 2.0 X 0 LAURENCE W COHEN 2.0 X 0 TANYA GODREJ DUBASH 2.0 X 0 JOSEPH M FERNANDEZ 2.0 X 0 DORSEY M JAMES 2.0 X 0 PEIGE KATZ 2.0 X 0 LAUREN J KOLODNY 2.0 X 0 BRIAN T MOYNIHAN 2.0 X 0 ERIC RODRIGUEZ 2.0 X 0 THOMAS E ROTHMAN 2.0 X 0 JONATHAN M ROZOFF 2.0 X 0 ELIZABETH B WEST 2.0 X 0 NANCY G ZIMMERMAN 2.0 X 0 David I Kertzer 40.0 X 413205 0 99566 Elizabeth C Huidekoper 40.0 X 399158 0 26523 Cynthia E Frost 40.0 X 836028 0 175323 Clyde L Briant 40.0 X 334750 0 56235 Rajiv Vohra 40.0 X 425765 0 64230 Edward Wing 40.0 X 557790 0 36323 Margaret M Klawunn VP for 40.0 X 202568 0 38305 Stephen M Maiorisi 40.0 X 192718 0 36956 Kenneth M Shimberg Managing 40.0 X 602883 0 170176 David J Schofield Managing Director 40.0 X 494066 0 141001 Andrew C Wert Managing Director 40.0 X 488722 0 151305 Michael J Speidel 40.0 X 453516 0 166306 Eli Y Adashi 40.0 X 480446 0 34291 6455873 0 1278965 545 false true false Shawmut Design Construction 3 Davol Square Suite A275 PROVIDENCE RI 02903 Construction 24300932 Bond Brothers 145 Spring Street EVERETT MA 02149 Construction 5457344 Suffolk Construction 65 Allerton Street BOSTON MA 02119 Construction 3140687 Sarra Engineering 1 Harry Street CRANSTON RI 02907 Mechanic Contractors 3927413 SHUTTLE LLC UNIVERSITY 284 ALLENS AVE PROVIDENCE RI 02905 SHUTTLE SERVICE 1438110 99 83302 132165 129687986 157955960 22388201 287859413 TUITION & FEES 900099 322241073 322241073 RESIDENCE 900099 44982233 44982233 DINING HALLS 900099 18520680 18520680 BOOKSTORE 451211 7926270 7879094 47176 COMPUTER STORE 900099 2570993 2570993 14612603 14324764 287839 410853852 0 0 714293 714293 2916781172 -19216518 2848530633 1829162 68250539 -21045680 47204859 -6851914 54056773 0 0 0 PARTNERSHIP INVESTMENT INCOME 900099 6532213 6532213 INSURANCE CLAIMS & REFUNDS 900099 2203193 2203193 8735406 755367823 410518837 -6516899 63986566 0 106456415 106456415 0 0 4846078 61056 4632382 152640 0 317135305 275948188 29724138 11462979 20759817 18031968 1948152 779697 40921922 29837290 8922052 2162580 18983530 16312548 1959100 711882 1272150 1272150 325000 325000 148850 148850 22497 22497 10883142 10883142 65836127 52014352 13190097 631678 603692 541628 48276 13788 32885636 29864718 1711656 1309262 0 0 29912575 26257198 2898960 756417 13395851 11502583 1330103 563165 0 346083 308699 27469 9915 20006526 19700818 305708 0 51245587 50462532 783055 8526144 8074899 451245 DUES AND MEMBERSHIPS 1402758 769483 616390 16885 PURCHASED GOODS 15585210 15585210 FUNDRAISING EXPENSES 223433 223433 MISCELLANEOUS 19844180 6397014 11013544 2433622 781568508 668275449 92042619 21250440 50985483 34689850 252485400 186151141 208006643 194663816 39972640 43735058 32894105 33354857 2669411 2618705 371086 3214028 1371712045 558802652 770079793 812909393 690832000 878816231 1340457140 1524712002 4647480 9680314 3393401181 3724545395 87705976 147308895 17194049 8171867 427360000 444194999 12816860 16109877 1240333 1164969 46800000 46800000 92855727 205174336 685972945 868924943 X 677024755 636688754 1046767677 1178757018 983635804 1040174680 2707428236 2855620452 3393401181 3724545395 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 69600 false true 79250 148850 false SCHEDULE C, PART II-B Lobbying Activity THE UNIVERSITY ENGAGES CONSULTANTS TO PROMOTE ITS MISSION BY WORKING WITH STATE AND FEDERAL GOVERNMENT ENTITIES TO ADVOCATE FOR LEGISLATION AND POLICY INITIATIVES THAT SUPPORT HIGHER EDUCATION AND THE UNIVERSITY'S RESEARCH AGENDA. IN ADDITION, CERTAIN MEMBERS OF THE UNIVERSITY'S STAFF OR MANAGEMENT DEVOTED A SMALL PORTION OF THEIR TIME ON SIMILAR ACTIVITIES. SCHEDULE C, PART II-B, LINE 1i AMOUNT RELATES TO MEMBERSHIP DUES PAID TO ORGANIZATIONS WHO LOBBY ON BEHALF OF ALL MEMBERS, INCLUDING BROWN UNIVERSITY. X X X X Education false false true 2067880000 55902000 208342000 27840000 85877000 7204000 2211203000 2843081000 57794000 -621803000 32685000 93230000 7115000 2146042000 0.11300 0.43000 0.45700 false false 55804000 55804000 1111258000 492018000 619240000 19269000 14287000 4982000 185381045 52497652 132883393 812909393 COMMON STOCK 441771013 F PARTNERSHIPS & LLCS 1052205462 F MISCELLANEOUS 30735527 F 1524712002 0 FEDERAL STUDENT LOAN FUNDS 24545146 REFUNDABLE ADVANCES 12467359 STUDENT DEPOSITS 22789116 BROWN UNIVERSITY TAXABLE BONDS 117000000 ANNUITY & DEFERRED LIFE INCOME 15832339 CHARITABLE LEAD TRUST -16008 ASSET RETIREMENT OBLIGATION 12556384 205174336 755367823 781568508 -26200685 180950756 -7233445 173717311 147516626 806311137 180950756 -130007442 50943314 755367823 755367823 658794511 1647985 1647985 657146526 124421982 124421982 781568508 Schedule D, Part III, Line 1a THE UNIVERSITY'S COLLECTIONS INCLUDE WORKS OF ART, HISTORICAL TREASURES, AND ARTIFACTS THAT ARE MAINTAINED IN THE UNIVERSITY'S LIBRARIES AND MUSEUMS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR EDUCATION AND RESEARCH PURPOSES. THE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS IN THE FINANCIAL STATEMENTS OF THE UNIVERSITY. SCHEDULE D, PART III, LINE 4 THE JOHN CARTER BROWN LIBRARY CONTAINS A COLLECTION OF RARE BOOKS, MAPS, ATLASES AND MANUSCRIPTS THAT IS FOCUSED AND DIRECTED TOWARD PROVIDING UNDERSTANDING OF A PARTICULAR HISTORICAL ERA, NAMELY THE COLONIAL PERIOD OF THE AMERICAS. THE LIBRARY SERVES AS A RESOURCE TOOL FOR THOSE STUDYING SUCH TOPICS AS SLAVERY, MISSIONARY WORK, THE GROWTH OF NATURAL SCIENCE, AND ANTI-COLONIAL REVOLUTIONS IN THE NEW WORLD, AS WELL AS HISTORY OF GEOGRAPHY AND CARTOGRAPHY. THE JOHN HAY LIBRARY HOUSES THE UNIVERSITY LIBRARY'S COLLECTIONS OF RARE BOOKS AND MANUSCRIPTS, THE UNIVERSITY ARCHIVES, AND MANY SPECIAL COLLECTIONS ON A WIDE VARIETY OF TOPICS. THE LIBRARY SERVES AS A RESOURCE TOOL FOR THOSE STUDYING SUCH TOPICS AS AMERICAN LITERATURE AND POPULAR CULTURE, POLITICAL AND DIPLOMATIC HISTORY, THE HISTORY OF SCIENCE, BOOK ARTS AND GRAPHICS. THE UNIVERSITY'S ART SLIDE LIBRARY HOUSES SLIDES AND PHOTOGRAPHS REPRESENTING ART AND ART-RELATED SUBJECTS, INCLUDING ARCHITECTURE AND ARCHAEOLOGY. STUDENTS WHO ARE WRITING PAPERS OR CREATING PROJECTS ON ART-RELATED TOPICS CAN MAKE RESEARCH CONSULTATIONS BY APPOINTMENT. THE ART SLIDE LIBRARY ALSO PROVIDES SCANNING SERVICES FOR FACULTY WHO NEED DIGITAL IMAGES OF VISUAL CULTURE FOR TEACHING. THE ANNMARY BROWN MEMORIAL HOUSES EXHIBITS OF EUROPEAN AND AMERICAN PAINTINGS FROM THE 17TH THROUGH THE 20TH CENTURIES, THE CYRIL AND HARRIET MAZANSKY BRITISH SWORD COLLECTION, AS WELL AS PERSONAL MEMENTOS OF ITS FOUNDER, GENERAL RUSH C. HAWKINS, AND THE BROWN FAMILY. THE MEMORIAL IS UTILIZED AS A RESOURCE FOR STUDENTS STUDYING EUROPEAN AND AMERICAN ART BETWEEN THE 17TH AND 20TH CENTURY. THE HAFFENREFFER MUSEUM OF ANTHROPOLOGY IS A UNIVERSITY TEACHING MUSEUM WITH COLLECTIONS OF OVER 100,000 ETHNOGRAPHIC AND ARCHAEOLOGICAL ARTIFACTS AND ACTIVE PUBLIC EXHIBITIONS AND EDUCATION PROGRAMS. A CENTRAL FEATURE OF THE MUSEUM'S MISSION IS TO INSTRUCT STUDENTS AT ALL LEVELS IN COURSES AS WELL AS THROUGH ACTIVITIES ENHANCING THE VALUE OF ITS COLLECTIONS BY RESPONSIBLE, CAREFUL FIELD-DOCUMENTED COLLECTING. SCHEDULE D, PART IV, LINE 2B THE UNIVERSITY ACTS AS THE FISCAL AGENT FOR FUNDS RELATED TO UNIVERSITY SPONSORED AND/OR AFFILIATED PROGRAMS. THE UNIVERSITY DOES NOT OWN THE FUNDS ASSOCIATED WITH THESE PROGRAMS. Schedule D, Part V Last year's ending balance included pledges receivable and this year's beginning balance does not. SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT INCOME HELPS FINANCE VITAL ACTIVITIES, INCLUDING UNDERGRADUATE STUDENT SCHOLARSHIPS, PROFESSORSHIPS, GRADUATE STUDENT FELLOWSHIPS, LIBRARY ACQUISITIONS, THE DIVISION OF BIOLOGY AND MEDICINE, ACADEMIC PROGRAMS, VARSITY SPORTS, AND BUILDING MAINTENANCE. schedule D, part x - fin 48 brown university does not have a fin 48 footnote in its financial statements. SCHEDULE D, PART XI, LINE 8 AFFILIATED ORGANIZATIONS FILING SEPARATELY $1,522,812 RESTATED NONOP ACTIVITY REVENUE $2,640,717 SPLIT INTEREST ACTUARIAL ADJUSTMENT -$6,557,855 AFFILIATE ORGANIZATIONS FILING SEPARATELY -$1,647,985 RESTATED NONOP ACTIVITY REVENUE -$3,191,134 TOTAL -$7,233,445 Schedule D, Part XI, Line 10 Excess for the year per audited financial statements includes funds from Brown University affiliate organizations in the amount of $675,590. SCHEDULE D, PART XII, LINE 2D AFFILIATE ORGANIZATIONS FILING SEPARATELY $1,522,812 INVESTMENT EXPENSE -$21,156,702 TUITION DISCOUNT -$106,456,414 RESTATED NONOP ACTIVITY REVENUE $2,640,717 SPLIT INTEREST ACTUARIAL ADJUSTMENT -$6,557,855 TOTAL -$130,007,442 SCHEDULE D, PART XIII, LINE 2D AFFILIATE ORGANIZATIONS FILING SEPARATELY $1,647,985 SCHEDULE D, PART XIII, LINE 4B TUITION DISCOUNT $106,456,414 INVESTMENT EXPENSE $21,156,702 RESTATED NONOP ACTIVITY REVENUE -$3,191,134 TOTAL $124,421,982 true true true THE UNIVERSITY'S POLICY ON NON-DISCRIMINATION IS MADE AVAILABLE ON ITS WEBSITE. THE UNIVERSITY CUSTOMARILY DRAWS ITS STUDENTS NATIONWIDE FROM ALL SOCIAL SEGMENTS WHO ARE INFORMED OF ITS NONDISCRIMINATORY POLICY. SEE SECTION 4.02-2(B) REV PROC.78-80. true true true true false false false false false false false false true false COLLEGE WORK STUDY, PELL GRANTS, PERKINS LOANS, ETC. true Central America and the Caribbean 0 5 Program Services STUDY ABROAD/RES East Asia and the Pacific 0 16 Program Services STDY ABD/CONF/RES Europe (Including Iceland and Greenland) 0 20 Program Services STDY ABD/CONF/SEM/RES Middle East and North Africa 0 4 Program Services STUDY ABROAD/WORKSHOPS North America 0 4 Program Services STUDY ABROAD/ CONF Russia and the Newly Independent States 0 2 Program Services STUDY ABROAD South America 0 3 Program Services STDY ABD/CONF/LEC/RES South Asia 0 3 Program Services STUDY ABROAD/CONF Sub-Saharan Africa 0 7 Program Services STUDY ABD/WSHOP/SEM 0 64 Schedule F, Part I, Column (F) The University 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 X true Washburn McGoldrick consulting false 22497 22497 CA NY SEE SCHEDULE O 0 true UNDERGRADUATE SCHOLARSHIPS 2484 72771958 MEDICAL SCHOOL SCHOLARSHIPS 196 3135383 GRADUATE SCHOLARSHIPS 1197 30549074 Schedule I, Part I, Line 2 Grant funds are managed in accordance with both the sponsor and University rules and regulations. Expenditures are reviewed on a pre and post audit basis to ensure that the costs incurred and charged to a particular grant is in compliance with both the sponsor and University policies. Schedule I, Part III The cash grants are reflected on students' accounts. X false true X X X X false true false false false false false true false Ruth J Simmons 549158 0 0 0 25100 0 34402 0 48023 0 656683 0 0 0 David I Kertzer 371605 0 0 0 41600 0 52200 0 47366 0 512771 0 0 0 Elizabeth C Huidekoper 319290 0 0 0 79868 0 19600 0 6923 0 425681 0 41368 0 Cynthia E Frost 430891 0 367237 0 37900 0 166400 0 8923 0 1011351 0 130737 0 Clyde L Briant 297450 0 0 0 37300 0 38970 0 17265 0 390985 0 0 0 Rajiv Vohra 367365 0 0 0 58400 0 41760 0 22470 0 489995 0 0 0 Edward Wing 516190 0 0 0 41600 0 29400 0 6923 0 594113 0 0 0 Margaret M Klawunn VP for 198368 0 0 0 4200 0 21000 0 17305 0 240873 0 0 0 Stephen M Maiorisi 188718 0 0 0 4000 0 20000 0 16956 0 229674 0 0 0 Kenneth M Shimberg Managing 288097 0 281786 0 33000 0 151600 0 18576 0 773059 0 116786 0 David J Schofield Managing Direct 266552 0 210354 0 17160 0 134000 0 7001 0 635067 0 67354 0 Andrew C Wert Managing Director 245368 0 210354 0 33000 0 134000 0 17305 0 640027 0 67354 0 Michael J Speidel 234817 0 180199 0 38500 0 146950 0 19356 0 619822 0 52849 0 Eli Y Adashi 441946 0 0 0 38500 0 19600 0 14691 0 514737 0 0 0 Schedule J, Part I, Line 1a RESIDENCE FOR PERSONAL USE WAS PROVIDED TO THE FOLLOWING INDIVIDUALS: PRESIDENT - AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, THE PRESIDENT IS REQUIRED TO LIVE IN UNIVERSITY HOUSING. THEREFORE, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. PROVOST - AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, THE PROVOST IS REQUIRED TO LIVE IN UNIVERSITY HOUSING. THEREFORE, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. VICE PRESIDENT FOR RESEARCH - NOT REQUIRED TO LIVE IN UNIVERSITY HOUSING. THEREFORE, ALL OF THE BENEFIT ($32,340.00) WAS TREATED AS TAXABLE COMPENSATION. SCHEDULE J, PART I, LINE 1B IN LIEU OF A STANDARDIZED WRITTEN POLICY, SENIOR OFFICERS WERE ISSUED AN ADDENDUM TO THEIR COMPENSATION LETTER APPROVED BY THE CHANCELLOR, OUTLINING THE TREATMENT OF THE ONE ITEM LISTED IN PART I, LINE 1A. Schedule J, Part I, Line 4b THE UNIVERSITY CONTRIBUTED $5,002.00 TO A DEFERRED COMPENSATION PLAN FOR THE PRESIDENT OF THE UNIVERSITY (RUTH J. SIMMONS). TERMS & CONDITIONS: THE PRESIDENT'S DEFERRED COMPENSATION PLAN IS EFFECTIVE FROM FISCAL YEAR END 06/30/07 THROUGH FISCAL YEAR END 06/30/2011. BASED ON SERVICES RENDERED BY THE PRESIDENT IN HER EMPLOYMENT RELATIONSHIP WITH BROWN AND PROVIDED THAT SHE HAS CONTINUOUSLY SERVED AS PRESIDENT OF BROWN THROUGH THE DATE OF EACH UNIVERSITY CREDIT, THE UNIVERSITY SHALL CREDIT THE PRESIDENT'S DEFERRED COMPENSATION ACCOUNT DURING EACH FISCAL YEAR IN EQUAL MONTHLY INSTALLMENTS AT THE END OF EACH MONTH. PLAN AMOUNTS ARE SUBJECT TO FORFEITURE AND/OR PAYMENT ONLY IF CERTAIN CONDITIONS ARE MET, AS OUTLINED IN THE PLAN AGREEMENT. TERMS & CONDITIONS OF SUPPLEMENTAL RETIREMENT PLAN AND PAYMENTS FOR 2009: ALL MEMBERS OF THE EXECUTIVE STAFF OF THE PRESIDENT OF BROWN UNIVERSITY WITH AN ANNUAL SALARY IN EXCESS OF $160,000 ARE ELIGIBLE TO PARTICIPATE IN THE PLAN AS OF THE SIXTH MONTH ANNIVERSARY OF THE DATE OF EMPLOYMENT. ANNUALLY, AMOUNTS ARE CREDITED TO THE PARTICIPANTS' ACCOUNTS BASED ON A PERCENTAGE (DETERMINED BY THE PARTICIPANT'S AGE) OF THE INDIVIDUAL'S COMPENSATION IN EXCESS OF $160,000. PLAN AMOUNTS ARE SUBJECT TO FORFEITURE AND/OR PAYMENT ONLY IF CERTAIN CONDITIONS ARE MET INCLUDING A LENGTH OF SERVICE REQUIREMENT AS DESIGNATED IN THE PARTICIPANT AGREEMENT. THIS PLAN WAS CLOSED TO NEW PARTICIPANTS AS OF MARCH 1, 2007. AMOUNTS LISTED BELOW ARE CONTRIBUTIONS MADE BY THE UNIVERSITY TO THE SUPPLEMENTAL RETIREMENT PLAN: CLYDE L. BRIANT: $9,570. DAVID I. KERTZER: $22,800. RAJIV VOHRA: $17,260. TERMS & CONDITIONS OF DEFERRED INCENTIVE COMPENSATION PLAN FOR SENIOR INVESTMENT PROFESSIONALS AND PAYMENTS FOR 2009: THE INVESTMENT COMMITTEE SUB-COMMITTEE ON COMPENSATION RECOMMENDS THE AMOUNT OF INCENTIVE COMPENSATION (BASED UPON A PERCENTAGE OF BASE SALARY) FOR EACH SENIOR INVESTMENT PROFESSIONAL PRIOR TO THE BEGINNING OF THE PERFORMANCE YEAR. THE ACTUAL INCENTIVE COMPENSATION GRANTED IS DETERMINED AFTER THE CLOSE OF THE PERFORMANCE YEAR, AFTER THE SUB-COMMITTEE ASSESSES THE PERFORMANCE OF THE SENIOR INVESTMENT PROFESSIONALS USING QUALITATIVE & QUANTITATIVE FACTORS. HALF OF THE INCENTIVE COMPENSATION GRANTED IS DEFERRED FOR ONE TO THREE YEARS AND INVESTED IN THE UNIVERSITY'S LONG TERM POOL. A THIRD OF THE DEFERRED AMOUNT, PLUS ANY INVESTMENT GAINS/LOSSES IS TO BE PAID OUT IN EACH OF THE SUCCEEDING THREE YEARS. THE DEFERRED AMOUNTS ARE SUBJECT TO FORFEITURE IF THE INDIVIDUAL LEAVES BROWN FOR REASONS OTHER THAN RETIREMENT, DISABILITY OR DEATH. THE FOLLOWING AMOUNTS BECAME VESTED AND WERE PAID TO THE FOLLOWING INDIVIDUALS IN CALENDAR YEAR 2009: CYNTHIA E. FROST: $130,737 KENNETH M. SHIMBERG: $116,786 DAVID J. SCHOFIELD: $67,354 ANDREW C. WERT: $67,354 MICHAEL J. SPEIDEL: $52,849 AMOUNTS (ALSO LISTED IN COLUMN Bii) REPRESENT PAYMENTS OF INCENTIVE COMPENSATION THAT WERE DEFERRED AND REPORTED IN A PRIOR FORM 990. Schedule J, Part I, Line 7 THE UNIVERSITY OFFERS INCENTIVE COMPENSATION TO SENIOR PROFESSIONALS IN THE INVESTMENT OFFICE BASED UPON THE UNIVERSITY'S INVESTMENT PERFORMANCE. (SEE RESPONSE TO QUESTION 4B ABOVE) SCHEDULE J, PART II, COLUMN (D) NON-TAXABLE BENEFITS LISTED IN COLUMN D CONSIST OF THE FOLLOWING ITEMS: PRE-TAX AMOUNTS PAID BY EMPLOYEES FOR HEALTH & DENTAL INSURANCE, MEDICAL REIMBURSEMENT, AMOUNTS PAID BY THE UNIVERSITY FOR HEALTH & DENTAL, AS WELL AS TUITION ASSISTANCE AND HOUSING THAT IS REQUIRED AS A CONDITION OF EMPLOYMENT. SCHEDULE J, PART II, COLUMN (F) AMOUNTS REPRESENT PAYMENTS OF INCENTIVE COMPENSATION and serp amounts THAT WERE DEFERRED AND REPORTED IN A PRIOR FORM 990. RI H&E BLD CORP SERIES 2003 521300173 762243CA9 2003-11-13 91425000 FINANCE CAPITAL PROJECTS false false RI H&E BLD CORP SERIES 2004 521300173 762243FX6 2004-04-27 22545097 ADVANCED REFUNDING 1995 BOND false false RI H&E BLD CORP SERIES 2005A 521300173 762243MY6 2005-10-04 85500000 FINANCE CAPITAL PROJECTS false false RI H&E CORP SERIES 2007 521300173 762197BP5 2007-06-27 92405058 FIN. CAP.PJT./REF. 1998&COM.PAPER false false RI H&E CORP SERIES 2009 521300173 762197DT5 2009-10-01 75643750 FIN. CAP.PJT./REFUND COM. PAPER false false 87935000 0 0 0 590401 0 87344599 2005 false false true true 19280000 0 0 0 259102 0 0 false true true true 85500000 0 0 0 526642 0 84973358 2006 false false true true 90010000 0 0 0 718615 0 39604942 2008 true false true true 70795000 0 0 12994928 643750 0 7156322 true false false true false false false false true true false false false false true true false false false false true true false false false false true true false false false false true true false true true JP MORGAN 35.3 false false true false false false false false true true GOLDMAN SACHS 29.6 false false true false false false false false true false false false false false true see schedule o false X 7 X 477 22388201 Quoted market price X 3 X 4 X 2 X COMPUTER 1 0 0 X HORSE 1 0 0 X SOFTBALL MACHINE 1 0 0 X COMPUTER EQuipment 6 0 0 18 false true true Schedule M, Part I, column (B) The University is reporting the number of contributions received during the year. Schedule M, Part I, Column (C) No revenue was reported on Form 990, Part VIII, Line 1g because the University's collections (which include works of art, historical treasures & artifacts) are not recognized as assets in the financial statements of the University. These collections are protected and preserved for education and research purposes. Schedule M, Part I, Line 32a Brown University uses third parties to sell noncash contributions of domestic and foreign securities, physical certificates, and restricted certificates. MISSION STATEMENT FORM 990, PARTS I AND III TO SERVE THE COMMUNITY, THE NATION, AND THE WORLD BY DISCOVERING, COMMUNICATING, AND PRESERVING KNOWLEDGE AND UNDERSTANDING IN A SPIRIT OF FREE INQUIRY, AND BY EDUCATING AND PREPARING STUDENTS TO DISCHARGE THE OFFICES OF LIFE WITH USEFULNESS AND REPUTATION. BROWN ACCOMPLISHES THIS THROUGH A PARTNERSHIP OF STUDENTS & TEACHERS IN A UNIFIED COMMUNITY CALLED A UNIVERSITY-COLLEGE. FORM 990, PART III, LINE 4A INSTRUCTION / ENROLLMENT INCLUDES COST OF SUPPLIES, SALARIES AND BENEFITS ASSOCIATED WITH TEACHING APPROXIMATELY 8,400 STUDENTS (72% UNDERGRADUATE; 23% GRADUATE; 5% MEDICAL). A FACULTY OF APPROXIMATELY 700 (NOT INCLUDING ADJUNCT, VISITING, CLINICAL AND OTHER "NON-REGULAR" FACULTY) TEACH AND ADMINISTER PROGRAMS IN A VARIETY OF DISCIPLINES, INCLUDING THE HUMANITIES, LIFE/MEDICAL SCIENCES, PHYSICAL SCIENCES AND SOCIAL SCIENCES. THERE ARE NEARLY 100 PROGRAMS OF STUDY OFFERED BETWEEN THE THREE SCHOOLS (UNDERGRADUATE COLLEGE, GRADUATE SCHOOL AND MEDICAL SCHOOL) OF THE UNIVERSITY. IN 2010, THE UNIVERSITY AWARDED 1,483 BACCALAUREATE DEGREES AND 728 ADVANCED (MASTER AND DOCTORATE) DEGREES. FORM 990, PART III, LINE 4B STUDENT AID, FELLOWSHIPS & SCHOLARSHIPS BROWN PROVIDES 100 PERCENT OF DEMONSTRATED NEED FOR ALL AIDED UNDERGRADUATE STUDENTS THAT MATRICULATE. THE UNIVERSITY IS NEEDS-BLIND FOR DOMESTIC STUDENTS (US CITIZENS AND PERMANENT RESIDENTS) AND "NEED-AWARE" FOR INTERNATIONAL AND TRANSFER (BOTH DOMESTIC AND INTERNATIONAL) STUDENTS. INTERNATIONAL AND TRANSFER STUDENTS WHO DO NOT APPLY FOR AID AS PART OF THEIR ADMISSION APPLICATION MAY NOT RECEIVE NEED-BASED SCHOLARSHIPS FROM THE UNIVERSITY. FORTY-ONE PERCENT OF THE UNDERGRADUATE STUDENT BODY RECEIVES NEED-BASED FINANCIAL AID. THE AVERAGE FINANCIAL-AID PACKAGE FOR THE CLASS OF 2012 WAS $33,550. SINCE THE CLASS OF 2007, ALL DOMESTIC UNDERGRADUATES ADMITTED AS FRESHMEN AT BROWN UNIVERSITY WERE ADMITTED UNDER THE UNIVERSITY'S NEEDS-BLIND ADMISSION POLICY. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES (EXPENSES $259,249,386) (REVENUE $6,394,503) RESEARCH - EXPENSES $79,209,561 THE UNIVERSITY ENGAGES IN RESEARCH IN PHYSICAL SCIENCES, HUMANITIES, LIFE SCIENCES AND SOCIAL SCIENCES. THE UNIVERSITY'S RESEARCH NETWORK FEATURES ADVANCED ACADEMIC INSTITUTES, CENTERS AND FACILITIES THAT MAKE OUR WORLD RENOWNED RESEARCH POSSIBLE. THESE FACILITIES, WHICH ARE MADE AVAILABLE TO FACULTY AND STUDENTS, ENCOURAGE DISCOVERY AND INNOVATION BY PROVIDING STATE-OF-THE-ART EQUIPMENT AND RESOURCES. DESCRIPTION EXPENSES ----------- ---------- SPONSORED RESEARCH $79,209,561 LIBRARIES $24,798,638 ACADEMIC SUPPORT $62,711,518 OPERATION & MAINTENANCE OF PLANT $24,262,300 DEPRECIATION $50,462,532 OTHER $17,804,837. FORM 990, PART V, LINE 4B FOREIGN ACCOUNTS THE ORGANIZATION HAS AN INTEREST IN OR A SIGNATURE OR OTHER AUTHORITY OVER A FINANCIAL ACCOUNT IN THE FOLLOWING FOREIGN COUNTRIES: 1) ITALY 2) FRANCE 3) GERMANY 4) CAYMAN ISLANDS 5) BRITISH VIRGIN ISLANDS 6) ENGLAND 7) SCOTLAND 8) BERMUDA 9) JERSEY, CHANNEL ISLANDS 10) GUERNSEY, CHANNEL ISLANDS 11) MAURITIUS PART VI, SECTION A, LINE 2 RUTH J. SIMMONS RICHARD A. FRIEDMAN BUSINESS RELATIONSHIP - THE INDIVIDUALS HAVE A SIGNIFICANT FINANCIAL INTEREST IN AN ENTITY AND ONE INDIVIDUAL SITS ON THE MANAGEMENT COMMITTEE OF THE ENTITY. RICHARD A. FRIEDMAN JONATHAN M. NELSON BUSINESS RELATIONSHIP - THE INDIVIDUALS SIT ON THE BOARD OF ANOTHER ORGANIZATION. PART VI, SECTION B, LINE 10 IN PRACTICE, THE AFFILIATES ADHERE TO THE UNIVERSITY'S POLICIES AND PROCEDURES. PART VI, SECTION B, LINE 11 THE RETURN IS PREPARED BY THE UNIVERSITY AND REVIEWED BY THE UNIVERSITY'S TAX CONSULTANTS. A DRAFT VERSION OF THE FORM 990 IS PROVIDED TO THE CONTROLLER, EXECUTIVE VICE PRESIDENT FOR FINANCE & ADMINISTRATION, AND THE AUDIT COMMITTEE FOR REVIEW. CHANGES/COMMENTS ARE SUBMITTED TO MANAGEMENT AND ANY NECESSARY CHANGES ARE MADE PRIOR TO THE FINAL REVIEW AND SIGNING OF THE TAX RETURN BY THE UNIVERSITY'S INDEPENDENT AUDITORS/TAX CONSULTANTS. THE FINAL TAX RETURN IS PROVIDED TO THE BOARD PRIOR TO FILING. PART VI, SECTION B, LINE 12 ALL MEMBERS OF THE BROWN COMMUNITY ARE RESPONSIBLE FOR READING THE UNIVERSITY'S CONFLICT OF INTEREST AND COMMITMENT POLICY (COICP) AND ITS RELATED GUIDELINES AND TO DISCLOSE POTENTIAL OR ACTUAL CONFLICTS AS THEY ARISE TO THEIR SUPERVISOR OR ASSIGNED SENIOR ADMINISTRATOR. FAILURE TO DO SO WILL BE DEEMED A FAILURE TO MEET ONE'S OBLIGATIONS FOR WHICH SANCTIONS, UP TO AND INCLUDING DISMISSAL, MAY BE IMPOSED. RESPONSIBILITY FOR IMPLEMENTING THE UNIVERSITY'S COICP IS AS FOLLOWS - THE CHANCELLOR FOR MEMBERS OF THE CORPORATION AND ITS STANDING COMMITTEES; THE PRESIDENT FOR THE CABINET; AND THE PROVOST FOR OFFICERS OF INSTRUCTION AND RESEARCH. FOR ALL OTHER MEMBERS OF THE BROWN COMMUNITY, RESPONSIBILITY FOR IMPLEMENTING THE UNIVERSITY'S COICP SHALL REST WITH THE SENIOR VICE PRESIDENT FOR CORPORATION AFFAIRS AND GOVERNANCE. ALL CORPORATION MEMBERS, ALL MEMBERS OF THE CORPORATION'S STANDING COMMITTEES, ALL OFFICERS OF INSTRUCTION, ALL SENIOR OFFICERS, AND SELECTED STAFF SHALL ALSO BE RESPONSIBLE FOR SUBMITTING AN ANNUAL DISCLOSURE FORM. IF THERE ARE NO DISCLOSURES WHICH PRESENT A CONFLICT OR APPEAR TO PRESENT A CONFLICT, THE SUPERVISOR SIGNS THE FORM AND FORWARDS IT TO THE ASSIGNED SENIOR ADMINISTRATOR. IF THERE ARE DISCLOSURES WHICH PRESENT A CONFLICT OR APPEAR TO PRESENT A CONFLICT, THE SUPERVISOR IS RESPONSIBLE FOR WORKING WITH THE EMPLOYEE TO DETERMINE WHETHER A MANAGEMENT PLAN IS WARRANTED, SIGNING THE DISCLOSURE FORM TO ACKNOWLEDGE THAT IT HAS RECEIVED SUPERVISORY REVIEW, AND FORWARDING IT TO THE ASSIGNED SENIOR ADMINISTRATOR FOR THAT EMPLOYEE. FORMS THAT DISCLOSE AFFILIATIONS ARE REQUIRED TO RECEIVE SECONDARY REVIEW AND SIGNATURE BY THE ASSIGNED SENIOR ADMINISTRATOR OR, WHEN THE ASSIGNED SENIOR ADMINISTRATOR IS ALSO THE EMPLOYEE'S SUPERVISOR, BY THE ASSIGNED SENIOR ADMINISTRATOR'S SUPERVISOR. SENIOR ADMINISTRATORS, AS ASSIGNED BY THE SENIOR VICE PRESIDENT FOR CORPORATION AFFAIRS AND GOVERNANCE, ARE RESPONSIBLE FOR COLLECTING DISCLOSURE FORMS AND, IF WARRANTED, MANAGEMENT PLANS WITHIN THEIR DIVISIONS AND FORWARDING THEM TO THE OFFICE OF CORPORATION AFFAIRS AND GOVERNANCE. HUMAN RESOURCES SHALL MAINTAIN EMPLOYEES' DISCLOSURE FORMS AND RELATED MANAGEMENT PLANS, AND THE UNIVERSITY AUDITOR SHALL PERIODICALLY MONITOR THE FILE TO ENSURE COMPLIANCE WITH THE DISCLOSURE REQUIREMENTS OF THIS POLICY. THE UNIVERSITY'S INVESTMENT OFFICE ALSO HAS STRICT INVESTMENT POLICIES INTENDED TO MAINTAIN THE HIGHEST ETHICAL AND LEGAL STANDARDS AND AVOID CONFLICTS. ALL MEMBERS OF THE CORPORATION, INCLUDING THE PRESIDENT, DISCLOSE INFORMATION ANNUALLY RELATED TO CONFLICT OF INTEREST AND COMMITMENT. IF THERE IS CONSIDERATION TO HIRE A FIRM THAT COULD POTENTIALLY PRESENT A CONFLICT, THE INVESTMENT OFFICE SEEKS THE ADVICE AND CONSENT OF THE CORPORATION OFFICE AND GENERAL COUNSEL. ALL MEMBERS OF THE INVESTMENT COMMITTEE MUST RECUSE THEMSELVES AND REFRAIN FROM PARTICIPATION IN CONSIDERATION OF ANY INVESTMENT IN WHICH THEY HAVE AN INTEREST. PART VI, SECTION B, LINE 13 & LINE 14 THE UNIVERSITY IS IN THE PROCESS OF DEVELOPING A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. PART VI, SECTION B, LINE 15 THE AUTHORITY TO ESTABLISH AND ADJUST COMPENSATION FOR THE PRESIDENT AND SENIOR STAFF RESTS WITH THE CORPORATION COMMITTEE ON SENIOR ADMINISTRATION. SENIOR STAFF INCLUDES OFFICERS REPORTING TO THE PRESIDENT, THE DEANS AND VICE PRESIDENTS OR THEIR EQUIVALENTS WHO REPORT TO THE PROVOST AND/OR THE EXECUTIVE VICE PRESIDENT FOR FINANCE & ADMINISTRATION, ANY OTHER UNIVERSITY EMPLOYEE WHOSE ANNUAL COMPENSATION IS IN EXCESS OF $225,000, AND OTHERS WHOSE RESPONSIBILITIES MIGHT BE DETERMINED TO REFLECT SIGNIFICANT INFLUENCE OVER THE AFFAIRS OF THE UNIVERSITY. THE COMMITTEE CONDUCTS THEIR REVIEW ANNUALLY AND, AS PART OF THEIR REVIEW PROCESS, USES DATA AND INFORMATION FROM SURVEYS REFLECTING INDUSTRY STANDARDS FOR COMPENSATION, BENEFITS, AND PREREQUISITES OF SENIOR OFFICERS EITHER AT INSTITUTIONS OF HIGHER EDUCATION OR AT COMPARABLE ENTITIES. DOCUMENTATION OF THIS REVIEW, AS WELL AS ANY DECISIONS MADE, ARE PREPARED BEFORE THE NEXT MEETING OF THE COMMITTEE ON SENIOR ADMINISTRATION, OR 60 DAYS AFTER THE FINAL ACTIONS OF THE COMMITTEE TO SET SALARIES, WHICHEVER IS LATER. THE COMMITTEE FORMALLY APPROVES THE DOCUMENTATION WITHIN A REASONABLE TIME AFTER IT IS PREPARED. PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICIES, AND GOVERNING DOCUMENTS (CHARTER AND STATUTES) ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON OUR WEBSITE. FORM 990, PART XI, LINE 2D BROWN UNIVERSITY'S FINANCIAL STATEMENTS INCLUDE THE ACCOUNTS OF THE JOHN NICHOLAS BROWN CENTER FOR THE STUDY OF AMERICAN CIVILIZATION, brown faculty club, AND FARVIEW INCORPORATED, A REAL ESTATE HOLDING COMPANY, all OF WHICH ARE SEPARATE ENTITIES THAT ARE CONSOLIDATED IN THE FINANCIAL STATEMENTS. BROWN UNIVERSITY AND THESE CONSOLIDATED ENTITIES ARE COLLECTIVELY REFERRED TO HEREIN AS THE UNIVERSITY. ALL SIGNIFICANT INTER-ENTITY TRANSACTIONS AND BALANCES HAVE BEEN ELIMINATED IN CONSOLIDATION. SCHEDULE G, PART I, LINE 2B The consulting services provided by Washburn McGoldrick were not for a specific fundraising event. Schedule G, Part I, Line 3 Rhode Island does not require the University to register in order to solicit funds. Schedule G, Part II BROWN BEAR GOLD CLASSIC Income (excluding contributions) $41,026 Contributions $102,400. Total Direct Exp. $42,590. Net Income $100,836. Football Golf Outing Income (including contributions) $18,313. Contributions $25,615. Total Direct Exp. $39,179. Net Income $4,749. Total of all other events Income excluding contributions $5,000. Contributions $4,150. Total Direct Exp. $16,832. Net Income $-7,682. Schedule K, Part III, Lines 4-6 Brown University has conducted an extensive analysis of all activities conducted within in its bond-financed facilities and has determined that there is no private business use. SCHEDULE L, PART IV (A) NAME OF INTERESTED PERSON: GOLDMAN SACHS (B) RELATIONSHIP BETWEEN THE INTERESTED PERSON AND THE ORGANIZATION: THE PRESIDENT, WHO IS ALSO A FELLOW OF THE UNIVERSITY, HAS A SIGNIFICANT FINANCIAL INTEREST. A TRUSTEE OF THE UNIVERSITY HAS A SIGNIFICANT FINANCIAL INTEREST AND IS ON THE MANAGEMENT COMMITTEE. (C) AMOUNT OF TRANSACTION: $15,500,000 OUTSTANDING VALUATION SWAP AGREEMENT WITH GOLDMAN SACHS AT 6/30/2010. (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY CURRENTLY HAS TWO ACTIVE INTEREST RATE SWAP AGREEMENTS WITH GOLDMAN SACHS FROM 2005 & 2007. (E) SHARING OF THE ORGANIZATION'S REVENUES: NO (A) NAME OF INTERESTED PERSON: TISHMAN SPEYER/CITIGROUP ALTERNATIVE INVESTMENTS REAL ESTATE VENTURE IV, LLC (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: A TRUSTEE OF THE UNIVERSITY HAS A SIGNIFICANT FINANCIAL INTEREST. (C) AMOUNT OF TRANSACTION: $513,678 (RETURN OF CAPITAL) (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY IS A LIMITED PARTNER IN TISHMAN SPEYER/CITIGROUP ALTERNATIVE INVESTMENTS REAL ESTATE VENTURE IV, LLC. (E) SHARING OF THE ORGANIZATION'S REVENUES: NO (A) NAME OF INTERESTED PERSON: QUADRANGLE PARTNERS, LP (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: A FELLOW OF THE UNIVERSITY HAS A SIGNIFICANT FINANCIAL INTEREST. (C) AMOUNT OF TRANSACTION: $335,033 (CAPITAL INVESTED & RETURN OF CAPITAL) (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY IS A LIMITED PARTNER IN SEVERAL QUADRANGLE PARTNERSHIPS. (E) SHARING OF THE ORGANIZATION'S REVENUES: NO (A) NAME OF INTERESTED PERSON: TPG CAPITAL, LLC (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: A TRUSTEE OF THE UNIVERSITY HAS A SIGNIFICANT FINANCIAL INTEREST. (C) AMOUNT OF TRANSACTION: $5,213,759 (CAPITAL INVESTED & RETURN OF CAPITAL) (D) DESCRIPTION OF TRANSACTION: THE UNIVERSITY IS A LIMITED PARTNER IN SEVERAL TPG CAPITAL PARTNERSHIPS. (E) SHARING OF THE ORGANIZATION'S REVENUES: NO SCHEDULE R, PART V, LINE 1O THE RELATED ORGANIZATIONS' EXPENSES ARE PAID DIRECTLY BY BROWN UNIVERSITY. THERE IS NO REIMBURSEMENT PAID BY RELATED ORGANIZATIONS TO BROWN UNIVERSITY. Brown University Research Foundation c/o Brown University Controllers O Providence RI 02912 050390989 Support Brown RI 501(C)(3) 11d na John Nicholas Brown Center c/o Brown University Controllers O Providence RI 02912 222506553 Support Brown RI 501(C)(3) 11a na Farview Inc c/o Brown University Controllers O Providence RI 02912 222665046 Support Brown RI 501(C)(2) n/a na Brown Faculty Club One Magee Street Providence RI 02712 510192393 Support Brown RI 501(C)(7) n/a na false false false false false false false false false false false false true true false false false false