2026-05-14T09:24:05+00:00 2025-06-30 920460586 PWC US TAX LLP 655 NEW YORK AVE NW SUITE 1100 WASHINGTON DC 20001 990 2024-07-01 362177139 University of Chicago UNIV 7738345819 5801 S ELLIS AVENUE Chicago IL 60637 Jennie Bennett ASSOCIATE VP FOR FINANCE 7738345819 2026-05-14 true TRAVIS L PATTON P00369623 2024141000 2026-05-14 2024 2025-03-06 01:10:19Z X PAUL ALIVISATOS 5801 S ELLIS AVENUE Chicago IL 60637 10043821261 false X WWW.UCHICAGO.EDU X 1890 IL THE MISSION OF THE UNIVERSITY OF CHICAGO HAS BEEN TO SUSTAIN AT THE HIGHEST LEVEL OF EXCELLENCE, THE COMMUNICATION OF KNOWLEDGE, THE CREATION OF KNOWLEDGE AND THE FOSTERING OF A DYNAMIC COMMUNITY OF SCHOLARS AND STUDENTS. 49 45 29117 6996 21418363 2324899111 2578850303 2098440941 2658019400 401948039 295466410 63046559 84736590 4888334650 5617072703 729968199 789348850 0 0 2885631653 3038813648 1365245 445582 65908109 1630413837 1734644546 5247378934 5563252626 -359044284 53820077 14950131084 15809478980 6478330493 6768829155 8471800591 9040649825 X THE MISSION OF THE UNIVERSITY OF CHICAGO HAS BEEN TO SUSTAIN AT THE HIGHEST LEVEL OF EXCELLENCE, THE COMMUNICATION OF KNOWLEDGE, THE CREATION OF KNOWLEDGE AND THE FOSTERING OF A DYNAMIC COMMUNITY OF SCHOLARS AND STUDENTS. false false 1611729027 1375480278 Instruction: In 2024-2025, the University enrolled 19,266 students; of that total, 7,559 were undergraduate students in the college (the University's undergraduate school), 4,677 were graduate students, 6,277 were students in the University's professional schools and 753 were non-degree students. 1379702059 93520860 838221281 Research: University of Chicago faculty cross traditional disciplinary boundaries to transform understandings in business, economics, history, law, literature, religion, physics, chemistry and biology and medicine, among other fields. In pursuit of these research endeavors, during fiscal year 2024-2025 the University was awarded a total of $811 million in research funding from federal agencies, non-federal government entities, corporations, foundations, and other sources. This fiscal year $549 million was expended from federal government sponsors of research, with the U.S. Department of Health and Human Services and the National Science Foundation providing the largest amounts of funding. Foundation research sponsorship awards totaled $109 million, followed by corporate research sponsorship of $104 million. The University also conducts scientific research in collaboration with Argonne National Laboratory, owned by the United States Government and operated by the University through a disregarded entity, under the terms of a cost reimbursement contract with the U.S. Department of Energy. Argonne is a multi-purpose science laboratory with a $1,109 million annual budget and approximately 4,754 employees. Program Service research expenditures were $657 million and are included in the research program service expense amount, as is required for a disregarded entity. In addition, Fermi Research Alliance, LLC, an entity jointly owned by the University and Universities Research Association Inc., operates Fermi National Accelerator Laboratory ("Fermilab") for the U.S. Department of Energy. Fermilab is the nation's preeminent center for high-energy physics and an international center for scientific research in elementary particle physics and astrophysics. Fermilab has a $736 million annual budget and approximately 2,024 employees. 691413309 691413309 Scholarships & Fellowships: The University meets 100% of a student's demonstrated need with an extensive financial aid program which is designed to enable the most qualified students to attend the University regardless of their financial circumstances. For the 2024-2025 academic year, approximately 45% of all students in the College received financial aid in the form of grants and scholarships. University-wide expenditures for scholarships and fellowships amounted to $647.6 million. Of this amount, approximately $495.9 million was provided from unrestricted funds; the remaining $151.7 million came from restricted sources. Approximately 19% of students in the College (the University's undergraduate college) currently receive Odyssey Scholarships. The Odyssey Scholarships provide increased access by providing scholarship support for first generation students and students with family incomes typically below $125,000. The Odyssey Scholarship also provides funds for other educational opportunities like study abroad and providing a paid internship after the student's first year in the College. In October 2014, The University launched the No Barriers Program to eliminate the student loan requirement from all undergraduate, need-based financial aid packages. The loans were replaced by the University with direct grants. Beginning with the class of 2023, the University's Empower initiative will provide a grant/scholarship award guaranteed to cover full-tuition for families earning less than $125,000 and full-tuition, fees and room and board for families earning less than $60,000. In 2019, the University announced a new funding model for doctoral students. All students are guaranteed full tuition support, paid health insurance and an annual stipend of at least $31,000, beginning with students enrolling in 2020-2021. 998220841 4414534 445203945 The other program services that support the mission of instruction and research are: Auxiliary Enterprises Library Other Student Services Information Services Ancillary Services 998220841 4414534 445203945 4681065236 true true false true false false false true false true true true false false true true false true true true true true true true true false false true true true true false false false false false true false false true true true true false false true true true true true false true X 24873 0 true 29117 true true true true HK IN SN BG UK CH EG FR false false false true true false false false false true true X 49 45 true false false false false false false true true false false false true true true true true true true true false false CA KY MD X Jennie Bennett 7738345819 5801 S ELLIS AVENUE CHICAGO IL 60637 A Paul Alivisatos PRESIDENT 40.0 16.0 X X 2031564 0 51177 ANDREW M ALPER TRUSTEE 2.0 1.0 X 0 0 0 ANDREW M ROSENFIELD TRUSTEE 2.0 0 X 0 0 0 ANTONIO J GRACIAS TRUSTEE 2.0 0 X 0 0 0 ASHLEY D JOYCE TRUSTEE 2.0 0 X 0 0 0 Barry Fields TRUSTEE 2.0 0 X 0 0 0 BRADY W DOUGAN TRUSTEE (UNTIL MARCH 2025) 2.0 0 X 0 0 0 BRETT J HART TRUSTEE 2.0 0 X 0 0 0 BRIEN M O'BRIEN TRUSTEE 2.0 0 X 0 0 0 BYRON D TROTT TRUSTEE 2.0 0 X 0 0 0 DANIEL L DOCTOROFF TRUSTEE 2.0 0 X 0 0 0 DAVID M RUBENSTEIN TRUSTEE 2.0 0 X 0 0 0 DEBRA A CAFARO TRUSTEE 2.0 0 X 0 0 0 DONALD R WILSON JR TRUSTEE 2.0 0 X 0 0 0 EMILY NICKLIN TRUSTEE 2.0 0 X 0 0 0 EMMANUEL ROMAN TRUSTEE 2.0 0 X 0 0 0 FRANK A BAKER II TRUSTEE 2.0 0 X 0 0 0 GREGORY W WENDT TRUSTEE 2.0 0 X 0 0 0 GURU RAMAKRISHNAN TRUSTEE 2.0 0 X 0 0 0 HILARIE KOPLOW-MCADAMS TRUSTEE 2.0 0 X 0 0 0 Hilary Krane TRUSTEE 2.0 0 X 0 0 0 JASON J TYLER TRUSTEE 2.0 0 X 0 0 0 JOHN A EDWARDSON TRUSTEE (UNTIL MAY 2025) 2.0 0 X 0 0 0 JOHN LIEW TRUSTEE 2.0 0 X 0 0 0 JOHN W ROGERS JR TRUSTEE 2.0 0 X 0 0 0 Katherine Adams TRUSTEE 2.0 0 X 0 0 0 KENNETH M JACOBS TRUSTEE 2.0 0 X 0 0 0 MARY A TOLAN TRUSTEE 2.0 0 X 0 0 0 MARY LOUISE GORNO TRUSTEE 2.0 0 X 0 0 0 MICHAEL J KLINGENSMITH TRUSTEE 2.0 0 X 0 0 0 MICHAEL P POLSKY TRUSTEE (UNTIL MAY 2025) 2.0 0 X 0 0 0 MICHELE KANG TRUSTEE 2.0 0 X 0 0 0 MYRTLE S POTTER TRUSTEE 2.0 0 X 0 0 0 NASSEF O SAWIRIS TRUSTEE 2.0 0 X 0 0 0 Paul Carbone TRUSTEE 2.0 1.0 X 0 0 0 PAUL G YOVOVICH TRUSTEE 2.0 0 X 0 0 0 RACHEL D KOHLER TRUSTEE 2.0 0 X 0 0 0 REBECCA JARVIS TRUSTEE 2.0 0 X 0 0 0 Richard Gonzalez TRUSTEE 2.0 0 X 0 0 0 Richard Wallman TRUSTEE 2.0 0 X 0 0 0 RIKA MANSUETO TRUSTEE 2.0 0 X 0 0 0 RODNEY L GOLDSTEIN TRUSTEE 2.0 0 X 0 0 0 SATYA NADELLA TRUSTEE 2.0 0 X 0 0 0 STEPHANIE F HARRIS TRUSTEE (EFF. MAY 2025) 2.0 0 X 0 0 0 STEVEN A KERSTEN TRUSTEE 2.0 0 X 0 0 0 STEVEN A WYMER TRUSTEE 2.0 0 X 0 0 0 TANDEAN RUSTANDY TRUSTEE 2.0 0 X 0 0 0 THOMAS F DUNN TRUSTEE 2.0 0 X 0 0 0 THOMAS J PRITZKER TRUSTEE 2.0 0 X 0 0 0 THOMAS RICKETTS TRUSTEE 2.0 0 X 0 0 0 Valerie Jarrett TRUSTEE 2.0 0 X 0 0 0 Vasant Narasimhan TRUSTEE 2.0 0 X 0 0 0 Andrew Ward VP AND CHIEF INVEST. OFFICER 40.0 0 X 2690389 0 69007 Armin Afsahi VP FOR ALUMNI RELATIONS AND DEV. 40.0 0 X 929001 0 60446 Christian Mitchell VP CIVIC ENGAGEMENT (UNTIL 7/18/2025) 40.0 6.0 X 640070 0 42470 Erin Lane VP AND CHIEF OF STAFF 40.0 3.0 X 571363 0 49817 Ivan Samstein ENTERPRISE CHIEF FINANCIAL OFFICER 40.0 4.0 X 138158 1795872 255898 James Nondorf VP ENROLL. & STUDENT ADV. 40.0 0 X 942881 0 43545 Juan Jose De Pablo VP FOR NATIONAL LABORATORIES (UNTIL 10/1/2024) 40.0 2.0 X 718364 0 59745 Katherine Baicker PROVOST 40.0 2.0 X 1096988 0 53944 Kimberly Taylor VP & GENERAL COUNSEL (UNTIL 8/2/2024) 40.0 5.0 X 607418 0 55583 Lori Berko VP & SECRETARY 40.0 1.0 X 660240 0 44024 Mark Anderson EXEC. VP MEDICAL AFFAIRS 40.0 20.0 X 3233711 0 61305 Michael Delorenzo VP FOR OPERATIONS (EFF. 9/15/24) 40.0 0 X 272831 0 21660 Michele Rasmussen DEAN OF STUDENTS (UNTIL 9/2/2024) 40.0 2.0 X 544882 0 37803 Nadya Mason INTERIM VP FOR SCIENCE, INNOVATION, AND PARTNERSHIPS 40.0 0 X 824806 0 51825 Paul Rand VP COMMUNICATIONS (UNTIL 8/15/25) 40.0 0 X 669094 0 71623 Robert Hochman VP AND GENERAL COUNSEL (EFF. 6/16/25) 40.0 0 X 0 0 0 Ka Yee Christina Lee INTERIM DEAN 40.0 6.0 X 811668 0 116703 Madhav Rajan DEAN BOOTH SCHOOL OF BUSINESS 40.0 0 X 1137816 0 27616 Christopher Salerno PROFESSOR 40.0 0 X 1737859 0 70365 Husam Balkhy PROFESSOR OF SURGERY 40.0 0 X 1568976 0 59378 Luca Vricella PROFESSOR OF SURGERY 40.0 0 X 1745161 0 71022 Mohamed Farhat PROFESSOR 40.0 0 X 1504568 0 61217 Valluvan Jeevanandam PROFESSOR OF SURGERY 40.0 0 X 2200677 0 50196 DAVID BARCLAY CHIEF OPERATING OFFICER CRSP 0.0 40.0 X 0 1141772 53556 Kenneth S Polonsky EXEC. VP MEDICAL AFFAIRS (THRU 9/30/22) 40.0 0 X 644894 0 57878 Laila Rashid VP & ASSOCIATE DEAN 40.0 0 X 576632 0 28616 MaryFrances McCourt CHIEF FINANCIAL OFFICER (UNTIL 10/1/2023) 0.0 0.0 X 1500000 0 0 30000011 2937644 1626419 7580 true true false HURON CONSULTING SERVICES LLC PO BOX 71223 CHICAGO IL 60694 IT CONSULTING 26647283 HSRE-CAPSTONE CHICAGO 402 OFFICE PARK DR STE 199 BIRMINGHAM AL 35223 HYGIENE SERVICES 18466972 BULLEY REWS LLC 1755 W ARMITAGE AVE CHICAGO IL 60622 CONSTRUCTION SVCS 18333823 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 13367074 HYLAND A NOLAN CONTRACTORS 7408 S EXCHANGE AVE CHICAGO IL 60649 CONSTRUCTION SVCS 10548663 1019 771528 86750000 1731995660 759333115 19103549 2578850303 Tuition and Fees 611310 1375480278 1375480278 Sales & Services Edu 611310 838221281 838221281 Sales & Services Aux 611710 318887226 318887226 Fees from Govt Agencies 900099 76476081 76476081 Shared Services Revenue 900099 48954534 48954534 0 0 0 0 2658019400 87698237 8485437 79212800 31957820 886104 31071716 6117891 5702966 414925 0 414925 414925 4619848000 4411214321 865506 208633679 -865506 207768173 11306857 196461316 178862 771528 208394 -29532 -29532 59690596 8757371 50933225 -249008 51182233 Press 511130 1398552 1398552 Athletics Memberships 900099 61600 61600 0 0 0 0 1460152 5617072703 2658905504 21418363 357898533 90893349 90893349 691413309 691413309 7042192 7042192 19442829 0 18453382 989447 2788778 2788778 2470470424 2026051338 406894502 37524584 153154806 98362435 52560187 2232184 247866526 215412217 27722192 4732117 145090285 93902028 49030947 2157310 63410739 55525010 6630118 1255611 14307514 126428 14181086 1007316 1007316 10797 10797 445582 445582 2359508 2359508 403311799 362038375 36332504 4940920 14191658 1000 14190658 198543108 150570684 45476200 2496224 91845256 57004779 33909740 930737 23756443 20683853 2597464 475126 131230048 83289963 46079558 1860527 65580228 55900204 8650816 1029208 68069496 58272102 8548566 1248828 172997316 172997316 203992138 203992138 52295629 45753446 5491041 1051142 Support Services 89806881 78572040 9429723 1805118 Equipment 64841753 49150491 15679530 11732 Alterations & Repairs 62035815 54731286 6130900 1173629 Electrical Supply - Machinery 31797350 27312842 4484508 0 -20746246 -17933571 -2360758 -451917 5563252626 4681065254 816279263 65908109 113614692 126381844 393560708 424114057 1394065316 1451028245 101946763 283288732 4200000 1150000 0 0 70028113 68659153 5834160 5242682 249605735 239826466 6586103261 3394751178 3177234636 3191352083 3197859612 3821644126 6007385047 5949986198 0 0 234796302 246805394 14950131084 15809478980 616743865 641181463 0 340224581 284874056 2170509000 2123407151 0 0 0 0 117337747 79400547 2696885550 2891745831 536629750 748220107 6478330493 6768829155 X 531679309 679328825 7940121282 8361321000 8471800591 9040649825 14950131084 15809478980 X 53820077 573072449 -58043292 X false true true true true X 1873493993 2192372792 2415783023 2324899111 2578850303 11385399222 0 0 1873493993 2192372792 2415783023 2324899111 2578850303 11385399222 0 11385399222 90029528 126280620 85565024 105851804 111170620 518897596 89951 466158 9023951 1143658 14868624 25592342 48015506 59563170 56073992 47961937 51182233 262796838 12192685998 10263488426 0.93379 0.9307 X Schedule A, Part II SCHEDULE A, PART II THE UNIVERSITY OF CHICAGO IS A SCHOOL; HOWEVER IN ORDER TO USE THE SPECIAL USE ON SCHEDULE B FOR A 501(C)(3) ORGANIZATION, IT IS NECESSARY TO COMPLETE SCHEDULE A, PART II TO DEMONSTRATE THAT THE UNIVERSITY MEETS THE 33 1/3% PUBLIC SUPPORT TEST. THEREFORE THE UNIVERSITY IS CLASSIFIED IN PART I LINE 7 AS AN ORGANIZATION THAT NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENT UNIT OR FROM THE GENERAL PUBLIC. Schedule A, Part II, Line 10 Other Income DESCRIPTION - SALE OF INVENTORY, COLUMN A - 38867169.0, COLUMN B - 45504625.0, COLUMN C - 42757458.0, COLUMN D - 42683762.0, COLUMN E - 51182233.0, COLUMN F - XXX-XX-XXXX.0; DESCRIPTION - ACTUARIAL ADJUSTMENT, COLUMN A - 5624268.0, COLUMN B - 9691169.0, COLUMN C - 3026753.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 18342190.0; DESCRIPTION - ALL OTHER REVENUE, COLUMN A - 3524069.0, COLUMN B - 4367376.0, COLUMN C - 10289781.0, COLUMN D - 5278175.0, COLUMN E - 0.0, COLUMN F - 23459401.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 217601 false true 10797 228398 false Schedule C, Part II-B, Line 1 Lobbying Activities THE UNIVERSITY OF CHICAGO IS INVOLVED IN ISSUES THAT AFFECT HIGHER EDUCATION AND RESEARCH. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY LOBBYING ACTIVITIES ARE CONDUCTED IN ACCORDANCE WITH APPLICABLE LOCAL, STATE AND FEDERAL LAWS GOVERNING LOBBYING ACTIVITIES. CERTAIN LOBBYING ACTIVITIES AT THE FEDERAL AND STATE LEVELS WERE CONDUCTED THROUGH UNIVERSITY OF CHICAGO'S MEMBERSHIP AND PARTICIPATION IN CERTAIN TRADE ASSOCIATIONS, NAMELY THE AMERICAN ASSOCIATION OF UNIVERSITIES (AAU). OTHER FEDERAL AND STATE LOBBYING EFFORTS WERE CONDUCTED BY UNIVERSITY OF CHICAGO PERSONNEL. X X X X false 8725028661 188230235 868863235 98508603 438246927 20446095 9224920506 8456669472 180298529 675493988 89860933 477527407 20044988 8725028661 8472886717 201510916 265392209 83782462 377528774 21809134 8456669472 9484454182 211589989 -804238065 76170946 319388028 23360415 8472886717 7116270400 165642922 2625667859 71422158 331298363 20406478 9484454182 0.27 0.72 0.01 false false 133231605 133231605 5158735663 2409237611 2749498052 776562795 546243550 230319245 517573198 439270017 78303181 3191352083 Closely-held equity interests Financial derivatives REAL ESTATE 964741293 F VENTURE CAPITAL 4985244905 F 5949986198 Federal Income Taxes FUNDS HELD IN CUSTODY FOR OTHERS 748220107 748220107 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part III, Line 4 Collections of art - description of collections THE UNIVERSITY OF CHICAGO HAS TWO MUSEUMS - THE DAVID AND ALFRED SMART MUSEUM OF ART (SMART MUSEUM) AND THE UNIVERSITY OF CHICAGO INSTITUTE FOR THE STUDY OF ANCIENT CULTURES(ISAC). THE SMART MUSEUM PROMOTES THE UNDERSTANDING OF THE VISUAL ARTS AND THEIR IMPORTANCE TO CULTURAL AND INTELLECTUAL HISTORY THROUGH DIRECT EXPERIENCES WITH ORIGINAL WORKS OF ART AND THROUGH AN INTERDISCIPLINARY APPROACH TO ITS COLLECTIONS, EXHIBITIONS, PUBLICATIONS AND PROGRAMS. THE SCOPE OF ITS PERMANENT COLLECTIONS, SPECIAL EXHIBITIONS, FOCUS ON RESEARCH AND TEACHING BY THE UNIVERSITY OF CHICAGO SCHOLARS AND OUTREACH AND EDUCATIONAL PROGRAMS TO BOTH ADULTS AND SCHOOL AGE CHILDREN MAKE SMART MUSEUM ONE OF THE MIDWEST'S MOST DYNAMIC AND INNOVATIVE EDUCATIONAL INSTITUTIONS IN THE VISUAL ARTS. THE ISAC MUSEUM IS A WORLD RENOWNED SHOWCASE FOR THE HISTORY, ART AND ARCHAEOLOGY OF THE ANCIENT NEAR EAST. THE COLLECTIONS ARE USED EXTENSIVELY FOR RESEARCH, TEACHING AND EXHIBITIONS. ITS APPROACH TO INTEGRATE ARCHAEOLOGICAL, TEXTUAL AND ART HISTORICAL DATA TO UNDERSTAND THE DEVELOPMENT AND FUNCTIONS OF THE ANCIENT CIVILIZATIONS OF THE NEAR EAST MAKE IT AN EXCEPTIONAL RESOURCE FOR THE UNIVERSITY COMMUNITY AS WELL AS THE COMMUNITY AT LARGE. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY'S USE OF ENDOWMENT FUNDS IS INSEPARABLE FROM THE OVERALL ACADEMIC MISSION AS ONE OF THE WORLD'S LEADING RESEARCH UNIVERSITIES. ENDOWMENT FUNDS ARE USED TO SUPPORT INSTRUCTION AND RESEARCH PROGRAMS; SUPPORT PROFESSORSHIPS; SUPPORT FINANCIAL AID FOR UNDERGRADUATE, GRADUATE AND PROFESSIONAL STUDENTS; SUPPORT THE ACQUISITION, RESTORATION AND PRESERVATION OF BOOKS AND OTHER MATERIALS IN THE LIBRARIES; AND SUPPORT THE ON-GOING OPERATIONS OF THE PHYSICAL PLANT, GROUNDS, AND EQUIPMENT. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE UNIVERSITY OF CHICAGO IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, EXCEPT FOR UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL INCOME TAXES. THERE WAS NO PROVISION FOR INCOME TAXES DUE ON UNRELATED BUSINESS INCOME IN FISCAL YEARS 2025 AND 2024 AND THERE ARE NO UNCERTAIN TAX POSITIONS CONSIDERED TO BE MATERIAL. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE UNIVERSITY OF CHICAGO MEETS THE REQUIREMENTS OF SECTIONS 4.01 THROUGH 4.05 OF REV. PROC 75-50, COVERING RACIAL NONDISCRIMINATION, BECAUSE IT DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM AROUND THE U.S. AND THE WORLD, ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS, AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. THE UNIVERSITY'S NON-DISCRIMINATION STATEMENT CAN BE FOUND ON ITS WEBSITE AT: HTTPS://WWW.UCHICAGO.EDU/NON-DISCRIMINATION Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY OF CHICAGO RECEIVES FUNDING FROM VARIOUS GOVERNMENTAL AGENCIES FOR STUDENT FINANCIAL AID. true Central America and the Caribbean 0 0 Investments 3843749401 East Asia and the Pacific 0 0 Investments 45331420 Europe (Including Iceland and Greenland) 0 0 Investments 850268154 North America (Canada & Mexico only) 0 0 Investments 49577074 Sub-Saharan Africa 0 0 Investments 245544643 South Asia 2 32 Program Services Research 300000 South Asia 1 5 Program Services event management 2680249 Russia and Neighboring States 0 9 Program Services CONSERVATION 165522 Middle East and North Africa 1 64 Program Services RESEARCH 1130212 Europe (Including Iceland and Greenland) 0 24 Program Services RESEARCH 755948 Europe (Including Iceland and Greenland) 0 0 Program Services CONFERENCE 33285 Europe (Including Iceland and Greenland) 1 15 Program Services STUDY ABROAD CAMPUS 4560364 East Asia and the Pacific 0 0 Grantmaking Sub-awards 1234570 Europe (Including Iceland and Greenland) 0 0 Grantmaking Sub-awards 900362 North America (Canada & Mexico only) 0 0 Grantmaking Sub-awards 1301221 Russia and Neighboring States 0 0 Grantmaking Sub-awards 84568 South America 0 0 Grantmaking Sub-awards 154951 South Asia 0 0 Grantmaking Sub-awards 190156 Sub-Saharan Africa 0 0 Grantmaking Sub-awards 322924 East Asia and the Pacific 0 0 Program Services Study Abroad 386038 Europe (Including Iceland and Greenland) 0 0 Program Services Study Abroad 2815869 Middle East and North Africa 0 0 Program Services Study Abroad 303075 North America (Canada & Mexico only) 0 0 Program Services Study Abroad 197250 South Asia 0 0 Program Services Study Abroad 118222 Sub-Saharan Africa 0 0 Program Services Study Abroad 180962 East Asia and the Pacific 0 0 Grantmaking Study Abroad 26200 Europe (Including Iceland and Greenland) 0 0 Grantmaking Study Abroad 289851 Middle East and North Africa 0 0 Grantmaking Study Abroad 26200 North America (Canada & Mexico only) 0 0 Grantmaking Study Abroad 19200 South Asia 0 0 Grantmaking Study Abroad 2400 Sub-Saharan Africa 0 0 Grantmaking Study Abroad 15600 Central America and the Caribbean 0 0 Grantmaking Summer Grants 50000 East Asia and the Pacific 0 0 Grantmaking Summer Grants 728972 Europe (Including Iceland and Greenland) 0 0 Grantmaking Summer Grants 736435 Middle East and North Africa 0 0 Grantmaking Summer Grants 160800 North America (Canada & Mexico only) 0 0 Grantmaking Summer Grants 121750 Russia and Neighboring States 0 0 Grantmaking Summer Grants 27500 South America 0 0 Grantmaking Summer Grants 170950 South Asia 0 0 Grantmaking Summer Grants 259038 Sub-Saharan Africa 0 0 Grantmaking Summer Grants 218397 5 149 0 0 5 149 5047616993 7522740 5055139733 East Asia and the Pacific SUBAWARD 12230 WIRE 0 NONE East Asia and the Pacific SUBAWARD 53726 WIRE 0 NONE East Asia and the Pacific SUBAWARD 50513 WIRE 0 NONE East Asia and the Pacific SUBAWARD 992325 WIRE 0 NONE East Asia and the Pacific SUBAWARD 116463 WIRE 0 NONE East Asia and the Pacific SUBAWARD 9312 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 27247 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 6938 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 14273 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 18952 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 101935 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 145469 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 170857 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 164716 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 25000 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 29232 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 43428 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 40797 WIRE 0 NONE Europe (Including Iceland and Greenland) SUBAWARD 111520 WIRE 0 NONE North America (Canada & Mexico only) SUBAWARD 84699 WIRE 0 NONE North America (Canada & Mexico only) SUBAWARD 8340 WIRE 0 NONE North America (Canada & Mexico only) SUBAWARD 221440 WIRE 0 NONE North America (Canada & Mexico only) SUBAWARD 128495 WIRE 0 NONE North America (Canada & Mexico only) SUBAWARD 128922 WIRE 0 NONE North America (Canada & Mexico only) SUBAWARD 67526 WIRE 0 NONE North America (Canada & Mexico only) SUBAWARD 7222 WIRE 0 NONE North America (Canada & Mexico only) SUBAWARD 224640 WIRE 0 NONE North America (Canada & Mexico only) SUBAWARD 429938 WIRE 0 NONE Russia and Neighboring States SUBAWARD 84568 WIRE 0 NONE South America SUBAWARD 92411 WIRE 0 NONE South America SUBAWARD 62540 WIRE 0 NONE South Asia SUBAWARD 112798 WIRE 0 NONE South Asia SUBAWARD 54505 WIRE 0 NONE South Asia SUBAWARD 22853 WIRE 0 NONE Sub-Saharan Africa SUBAWARD 74399 WIRE 0 NONE Sub-Saharan Africa SUBAWARD 12751 WIRE 0 NONE Sub-Saharan Africa SUBAWARD 48958 WIRE 0 NONE Sub-Saharan Africa SUBAWARD 18988 WIRE 0 NONE Sub-Saharan Africa SUBAWARD 167828 WIRE 0 NONE 35 4 STUDY ABROAD STUDENT AID East Asia and the Pacific 21 26200 CHECK OR WIRE STUDY ABROAD STUDENT AID Europe (Including Iceland and Greenland) 240 289851 CHECK OR WIRE STUDY ABROAD STUDENT AID Middle East and North Africa 22 26200 CHECK OR WIRE STUDY ABROAD STUDENT AID North America (Canada & Mexico only) 15 19200 CHECK OR WIRE STUDY ABROAD STUDENT AID South Asia 2 2400 CHECK OR WIRE STUDY ABROAD STUDENT AID Sub-Saharan Africa 12 15600 CHECK OR WIRE SUMMER GRANTS Central America and the Caribbean 10 50000 WIRE SUMMER GRANTS East Asia and the Pacific 206 728972 WIRE SUMMER GRANTS Europe (Including Iceland and Greenland) 210 736435 WIRE SUMMER GRANTS Middle East and North Africa 34 160800 WIRE SUMMER GRANTS North America (Canada & Mexico only) 27 121750 WIRE SUMMER GRANTS Russia and Neighboring States 6 27500 WIRE SUMMER GRANTS South America 41 170950 WIRE SUMMER GRANTS South Asia 95 259038 WIRE SUMMER GRANTS Sub-Saharan Africa 72 218397 WIRE true false true true true true Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE UNIVERSITY WILL PERFORM A RISK ASSESSMENT AT THE PROPOSAL STATE BEFORE FUNDING IS APPROVED. UNIVERSITY DEPARTMENT ADMINISTRATORS AND THE PRINCIPAL INVESTIGATOR WILL REVIEW INVOICES AND CERTIFY AS TO ALLOWABILITY AND APPROPRIATENESS OF CHARGES. CENTRAL SPONSORED AWARD ACCOUNTING WILL ALSO PERFORM A REVIEW THAT THE EXPENDITURES FALL WITHIN THE CONTRACT AMOUNT AND PERIOD OF PERFORMANCE. Schedule F, Part V SCHEDULE F, PART I, LINE 3, COLUMN (F), INVESTMENTS AND EXPENSES ACCOUNTING METHOD: ACCRUAL Schedule F, Part V SCHEDULE F, PART II, LINE 1 ACCOUNTING METHOD: ACCRUAL Schedule F, Part V SCHEDULE F, PART III ACCOUNTING METHOD: ACCRUAL X X X X X true Wilson Bennett Technology Inc 2239 Bill Foster Memorial Hwy Suite E Cabot AR 72023 TELEMARKETING false 480650 445582 35068 480650 445582 35068 CA CO CT FL GA AL HI IL KS KY LA ME AK MD MN MS MO NJ NM ND OH OR PA RI TN UT VA AR WA WI COURT GALA 464458 304862 159596 7225 12812 5335 COMER RACE 430152 424216 5936 370 1075 5945 2020 98237 1 55780 42450 13330 7478 31147 12951 23799 950390 771528 178862 370 15778 49904 14971 127371 208394 -29532 Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses WILSON BENNETT TECHNOLOGY INC.-MONTHLY INSTALLMENTS NO INDIVIDUAL BILLING FOR WHITELISTING OR SHIPPING.; true 2040 Strategy Group 1515 Greenleaf St Evanston IL 60202 920933762 51500 SUBAWARD Access Community Health 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Marine Street Room 479 572 UC Boulder CO 803031058 840644739 STATE OF CO 171298 SUBAWARD University of Colorado-Denver 1800 Grant Street Suite 600 Denver CO 80203 846000555 501 (C) (3) 357591 SUBAWARD University of Delaware 83 E Main Street 3rd Floor Newark DE 19716 516000297 501 (C) (3) 354946 SUBAWARD University of Florida 219 Grinter Hall PO Box 1003628 Gainesville FL 32611 590974739 STATE OF FL 215277 SUBAWARD University of Georgia Research Foundation 324 Business Services 456 E Broad S Athens GA 30602 581353149 501 (C) (3) 183855 SUBAWARD University of Hawaii 2440 Campus Road Box 268 Honolulu HI 968222234 990085260 STATE OF HI 532065 SUBAWARD University of Illinois-ChampaignUrbana 1901 S First St Suite A MC-685 Champaign IL 618206242 376000511 STATE OF IL 2309104 SUBAWARD University of Illinois-Chicago 809 South Marshfield Avenue Chicago IL 606127205 376000511 STATE OF IL 4724004 SUBAWARD University of Iowa 201 Gilmore Hall Iowa City IA 52242 426004813 STATE OF IA 115680 SUBAWARD 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Procedures for monitoring use of grant funds THE UNIVERSITY WILL PERFORM A RISK ASSESSMENT AT THE PROPOSAL STAGE BEFORE FUNDING IS APPROVED. UNIVERSITY DEPARTMENT ADMINISTRATORS AND THE PRINCIPAL INVESTIGATOR WILL REVIEW INVOICES AND CERTIFY AS TO ALLOWABILITY AND APPROPRIATENESS OF CHARGES. CENTRAL SPONSORED AWARD ACCOUNTING WILL ALSO PERFORM A REVIEW THAT THE EXPENDITURES FALL WITHIN THE CONTRACT AMOUNT AND PERIOD OF PERFORMANCE. X X X X X X true true X X X X true true false false false false false true false A Paul Alivisatos PRESIDENT 1399992 0 399360 0 232212 0 27600 0 23577 0 2082741 0 0 0 MaryFrances McCourt CHIEF FINANCIAL OFFICER (UNTIL 10/1/2023) 0 0 0 0 1500000 0 0 0 0 0 1500000 0 0 0 Kenneth S Polonsky EXEC. VP MEDICAL AFFAIRS (THRU 9/30/22) 644894 0 0 0 0 0 27600 0 30278 0 702772 0 0 0 Laila Rashid VP & ASSOCIATE DEAN 481156 0 95476 0 0 0 27600 0 1016 0 605248 0 0 0 Mark Anderson EXEC. VP MEDICAL AFFAIRS 2468596 0 745200 0 19915 0 27600 0 33705 0 3295016 0 0 0 Katherine Baicker PROVOST 942318 0 95000 0 59670 0 27600 0 26344 0 1150932 0 0 0 Lori Berko VP & SECRETARY 508273 0 149163 0 2804 0 27600 0 16424 0 704264 0 0 0 James Nondorf VP ENROLL. & STUDENT ADV. 847099 0 85612 0 10170 0 27600 0 15945 0 986426 0 0 0 Andrew Ward VP AND CHIEF INVEST. OFFICER 704000 0 1929021 0 57368 0 27600 0 41407 0 2759396 0 0 0 Ivan Samstein ENTERPRISE CHIEF FINANCIAL OFFICER 138158 947364 0 833378 0 15130 0 214114 3292 38492 141450 2048478 0 0 Armin Afsahi VP FOR ALUMNI RELATIONS AND DEV. 835455 0 85000 0 8546 0 27600 0 32846 0 989447 0 0 0 Erin Lane VP AND CHIEF OF STAFF 518563 0 52800 0 0 0 13800 0 36017 0 621180 0 0 0 Michael Delorenzo VP FOR OPERATIONS (EFF. 9/15/24) 218503 0 0 0 54328 0 17619 0 4041 0 294491 0 0 0 Nadya Mason INTERIM VP FOR SCIENCE, INNOVATION, AND PARTNERSHIPS 641458 0 30000 0 153348 0 27600 0 24225 0 876631 0 0 0 Juan Jose De Pablo VP FOR NATIONAL LABORATORIES (UNTIL 10/1/2024) 539344 0 171347 0 7673 0 27600 0 32145 0 778109 0 0 0 Paul Rand VP COMMUNICATIONS (UNTIL 8/15/25) 613401 0 40520 0 15173 0 27600 0 44023 0 740717 0 0 0 Michele Rasmussen DEAN OF STUDENTS (UNTIL 9/2/2024) 384524 0 155597 0 4761 0 27600 0 10203 0 582685 0 0 0 Kimberly Taylor VP & GENERAL COUNSEL (UNTIL 8/2/2024) 535368 0 64450 0 7600 0 27600 0 27983 0 663001 0 0 0 Christian Mitchell VP CIVIC ENGAGEMENT (UNTIL 7/18/2025) 546757 0 91154 0 2159 0 27600 0 14870 0 682540 0 0 0 Ka Yee Christina Lee INTERIM DEAN 733157 0 66113 0 12398 0 27600 0 89103 0 928371 0 0 0 Madhav Rajan DEAN BOOTH SCHOOL OF BUSINESS 947060 0 94706 0 96050 0 27600 0 16 0 1165432 0 0 0 DAVID BARCLAY CHIEF OPERATING OFFICER CRSP 0 641772 0 500000 0 0 0 27600 0 25956 0 1195328 0 0 Husam Balkhy PROFESSOR OF SURGERY 1361522 0 207454 0 0 0 27600 0 31778 0 1628354 0 0 0 Christopher Salerno PROFESSOR 1298059 0 439800 0 0 0 27600 0 42765 0 1808224 0 0 0 Mohamed Farhat PROFESSOR 492207 0 1012361 0 0 0 27600 0 33617 0 1565785 0 0 0 Valluvan Jeevanandam PROFESSOR OF SURGERY 1939694 0 260983 0 0 0 27600 0 22596 0 2250873 0 0 0 Luca Vricella PROFESSOR OF SURGERY 1521389 0 223772 0 0 0 27600 0 43422 0 1816183 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel UNDER WRITTEN UNIVERSITY POLICY, EMPLOYEES ARE REQUIRED TO USE THE MOST ECONOMICAL MODE OF TRANSPORTATION AVAILABLE CONSISTENT WITH THE BUSINESS PURPOSE FOR THE TRAVEL. AIR TRAVEL OTHER THAN COACH CLASS MUST BE APPROVED PURSUANT TO UNIVERSITY POLICY. SEVEN OFFICERS AND ONE KEY EMPLOYEE WERE APPROVED FOR AIR TRAVEL OTHER THAN COACH OR BUSINESS CLASS IN ACCORDANCE WITH UNIVERSITY POLICY. NONE OF THE BUSINESS TRIPS WERE DEEMED TAXABLE COMPENSATION. Schedule J, Part I, Line 1a Travel for companions UNDER WRITTEN UNIVERSITY POLICY, TRAVEL FOR COMPANIONS MUST BE PRE-APPROVED BY THE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER AND WILL ONLY BE APPROVED WHEN THE COMPANION TRAVEL SERVES A BONA FIDE BUSINESS PURPOSE. ONE OFFICER AND ONE KEY EMPLOYEE HAD COMPANION TRAVEL APPROVED IN ACCORDANCE WITH THIS POLICY. THE COST OF THE COMPANION TRAVEL WAS NOT DEEMED TAXABLE COMPENSATION. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments INDIVIDUALS MAY HAVE CERTAIN PAYMENTS GROSSED UP AT THE DISCRETION OF HEADS OF DEPARTMENTS, OFFICERS OR THE BOARD OF THE UNIVERSITY. Schedule J, Part I, Line 1a Housing allowance or residence for personal use (PART 1A & 1B AND PART II) HOUSING ALLOWANCES ARE ONLY PERMITTED IF PRE-APPROVED BY THE PROVOST'S OFFICE OR UNIVERSITY HUMAN RESOURCES. FOUR INDIVIDUALS RECEIVED A HOUSING ALLOWANCE WHICH WAS INCLUDED IN EACH INDIVIDUAL'S TAXABLE COMPENSATION. Schedule J, Part I, Line 1a Health or social club dues or initiation fees UNDER WRITTEN UNIVERSITY POLICY, SOCIAL AND HEALTH CLUB DUES ARE REIMBURSABLE ONLY IF THE BENEFITS OF THE MEMBERSHIP SUPPORT THE UNIVERSITY'S MISSION AND ONLY IF THE REIMBURSEMENT IS APPROVED BY A DEAN, VICE PRESIDENT, PROVOST OR PRESIDENT OF THE UNIVERSITY. ANY PORTION OF THE DUES NOT USED FOR BUSINESS PURPOSES IS CONSIDERED TAXABLE COMPENSATION. OFFICERS OF THE UNIVERSITY MAINTAIN MEMBERSHIP IN THE QUADRANGLE CLUB, A RELATED ORGANIZATION THAT OPERATES A FACULTY CLUB ON THE CAMPUS OF THE UNIVERSITY FOR PURPOSES OF CONDUCTING MEETINGS AND OTHER UNIVERSITY BUSINESS. THE UNIVERSITY REIMBURSES OFFICERS FOR THESE DUES AND THE REIMBURSEMENT IS NOT DEEMED TAXABLE COMPENSATION. IN ADDITION, FOUR OFFICERS AND ONE KEY EMPLOYEE HAD SOCIAL CLUB DUES REIMBURSED BY THE UNIVERSITY FOR BUSINESS PURPOSES AND THE REIMBURSEMENT WAS NOT DEEMED TAXABLE COMPENSATION. Schedule J, Part I, Line 1a Personal services THE UNIVERSITY PROVIDES FOR THE MAINTENANCE AND CLEANING OF THE UNIVERSITY OWNED HOUSE PROVIDED TO THE PRESIDENT. THESE SERVICES WERE NOT DEEMED A TAXABLE BENEFIT. Schedule J, Part I, Line 4a Severance or change-of-control payment THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT DURING CALENDAR YEAR 2024: MARYFRANCES MCCOURT - $1,500,000 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TO WHICH A RELATED ORGANIZATION, THE UNIVERSITY OF CHICAGO MEDICAL CENTER, MAKES ANNUAL CONTRIBUTIONS. THESE CONTRIBUTIONS ARE AT RISK AND DO NOT BECOME VESTED AND PAYABLE UNLESS AND UNTIL THE INDIVIDUAL SATISFIES A SUBSTANTIAL FUTURE SERVICE REQUIREMENT. THE FOLLOWING INDIVIDUALS HAD CONTRIBUTIONS MADE TO THE PLAN IN JANUARY 2024 FOR CALENDAR YEAR 2024: IVAN SAMSTEIN NO INDIVIDUALS BECAME VESTED IN, NOR WERE TAXED ON, AMOUNTS PREVIOUSLY CREDITED UNDER THE PLAN TO THE INDIVIDUAL FOR SERVICES PROVIDED TO THE ORGANIATION IN PRIOR YEARS (INCLUDED IN 2024 W-2S). Schedule J, Part I, Line 7 Non-fixed payments THE INDIVIDUALS LISTED ON SCHEDULE J, PART II PARTICIPATE IN AN INCENTIVE COMPENSATION PROGRAM BASED ON PERFORMANCE AND QUALITATIVE MEASUREMENTS. A ILLINOIS FINANCE AUTHORITY SERIES 2014A 861091967 45203HB68 2014-08-12 644509246 REFUNDING & NEW MONEY (SEE NOTES) false false false B ILLINOIS FINANCE AUTHORITY SERIES 2015A 861091967 45203H3H3 2015-09-10 452070011 REFUNDING & NEW MONEY (SEE NOTES) true false false C ILLINOIS FINANCE AUTHORITY SERIES 2018A 861091967 45204ED70 2018-03-07 128797725 REFUNDING & NEW MONEY (SEE NOTES) false false false D ILLINOIS FINANCE AUTHORITY SERIES 2020A 861091967 45204FAE5 2020-03-18 185652910 REFUNDING (SEE NOTES) false false false A 498645000 644513139 2131891 175008593 467372655 2015 false true true true B 122475000 152475000 452318067 1522422 200331641 250464004 2017 false true true true C 129280597 842147 56173450 72265000 2019 true false true true D 185670942 737910 18032 184915000 2020 true false true true A false true true true true true 0.001 0.0 0.001 false true 0.0014 true true B false true true true true true 0.002 0.0 0.002 false false 0 false true C false true true true true true 0.0 0.003 0.003 false false 0 false true D false true true true true true 0.002 0.001 0.003 false false 0 false true A false false false true false false 0 false false false 0 false false true B false false false true false false 0 false false false 0 false false true C false false false true false false 0 false false false 0 false false true D false false true true false false 0 false false false 0 false false true A true B true C true D true Schedule K, Part I, Column (f) SERIES 2014A: THE PURPOSE OF THE ISSUE IS TO (I) FINANCE, REFINANCE OR REIMBURSE THE UNIVERSITY FOR COSTS OF CERTAIN EDUCATIONAL FACILITIES, (II) ADVANCE REFUND THE SERIES 2008B BONDS DATED 1/7/2009 AND (III) PAY COSTS OF ISSUANCE. SERIES 2015A: THE PURPOSE OF THE ISSUE IS TO (I) FINANCE, REFINANCE, AND REIMBURSE THE UNIVERSITY FOR COSTS OF CERTAIN EDUCATIONAL FACILITIES, (II) ADVANCE REFUND AND DEFEASE THE REVENUE BONDS SERIES 2007 DATED: 06/28/2007 AND (III) PAY COSTS OF ISSUANCE. SERIES 2018A: THE PURPOSE OF THE ISSUE IS TO (I) FINANCE, REFINANCE, AND REIMBURSE THE UNIVERSITY FOR COSTS OF CERTAIN EDUCATIONAL FACILITIES, (II) REFINANCE THE TAXABLE COMMERCIAL PAPER NOTES, SERIES A USED TO REFINANCE THE SERIES 2001B-3 DATED: 10/04/2001 AND (III) PAY COSTS OF ISSUANCE. SERIES 2020A: THE PURPOSE OF THE ISSUE IS TO (I) REFINANCE A TAXABLE LINE OF CREDIT USED TO REFINANCE THE 2001B-1 AND 2001B-2 BOND ISSUES DATED: 10/04/2001 (II) TO REFINANCE THE TAXABLE 2020 COMMERCIAL PAPER NOTES DATED: 02/12/2020 AND (III) PAY COSTS OF ISSUANCE. SERIES 2021A: THE PURPOSE OF THE ISSUE IS TO (I) REFUND A PORTION OF THE OUTSTANDING SERIES 2012A BONDS DATED: 02/02/2012 AND (II) PAY COSTS OF ISSUANCE. SERIES 2023A: THE PURPOSE OF THE ISSUE IS TO (I) REFUND TAXABLE CP DATED: 02/16/2023, (II) FINANCE THE NEW MONEY PROJECT, AND (III) PAY COSTS OF ISSUANCE. SERIES 2024A: THE PURPOSE OF THE ISSUE IS TO (I) REFUND THE BONDS DATED 03/10/2021 (2021B), 08/26/2015 (2015B), 09/10/2015 (2015A), 08/12/2014 (2014B), 05/01/2013 (2013B), 05/19/2010 (2010), 04/03/2008 (2008), 11/30/2004 (2004C), 11/10/2004 (2004B), AND 08/28/2003 (2003B), (II) FINANCE THE NEW MONEY PROJECT, AND (III) PAY COST OF ISSUANCE. SERIES 2024B: THE PURPOSE OF THE ISSUE IS TO REFUND THE BONDS DATED 8/12/2024 (2014A). Schedule K, Part II LINE 3 SERIES 2014A: THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE TOTAL PROCEEDS OF THE ISSUE IS THE INTEREST EARNED ON INVESTMENTS OF $3,893. SERIES 2015A: THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE TOTAL PROCEEDS OF THE ISSUE IS THE INTEREST EARNED ON INVESTMENTS OF $248,055. SERIES 2018A: THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE TOTAL PROCEEDS OF THE ISSUE IS THE INTEREST EARNED ON INVESTMENTS OF $482,872. SERIES 2020A: THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE TOTAL PROCEEDS OF THE ISSUE IS THE INTEREST EARNED ON INVESTMENTS OF $18,032. SERIES 2021A: THE DIFFERENCE BETWEEN THE ISSUE PRICE AND THE TOTAL PROCEEDS OF THE ISSUE IS THE INTEREST EARNED ON INVESTMENTS OF $26,731. SERIES 2023A: THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM THE ISSUE PRICE DUE TO INTEREST EARNED ON INVESTMENTS IN THE AMOUNT OF $5,850,428. SERIES 2024A: THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM THE ISSUE PRICE DUE TO INTEREST EARNED ON INVESTMENTS IN THE AMOUNT OF $7,299,123. SERIES 2024B: THE TOTAL PROCEEDS OF THE ISSUE DIFFERS FROM THE ISSUE PRICE DUE TO INTEREST EARNED ON INVESTMENTS IN THE AMOUNT OF $406,980. Schedule K, Part II LINE 11 SERIES 2014A: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW. SERIES 2015A: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW. SERIES 2018A: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW. SERIES 2020A: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW. SERIES 2021A: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW. SERIES 2023A: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW. SERIES 2024A: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW. Schedule K, Part IV, Line 2c COLUMN A Issuer name: ILLINOIS FINANCE AUTHORITY SERIES 2014A The calculation for computing no rebate due was performed on 09/10/2024 Schedule K, Part IV, Line 2c COLUMN B Issuer name: ILLINOIS FINANCE AUTHORITY SERIES 2015A The calculation for computing no rebate due was performed on 10/22/2020 Schedule K, Part IV, Line 2c COLUMN C Issuer name: ILLINOIS FINANCE AUTHORITY SERIES 2018A The calculation for computing no rebate due was performed on 03/27/2023 Schedule K, Part IV, Line 2c COLUMN D Issuer name: ILLINOIS FINANCE AUTHORITY SERIES 2020A The calculation for computing no rebate due was performed on 04/30/2025 A ILLINOIS FINANCE AUTHORITY SERIES 2021A 861091967 45204FHB4 2021-07-06 281361151 REFUNDING (SEE NOTES) false false false B ILLINOIS FINANCE AUTHORITY SERIES 2023A 861091967 45204FUY9 2023-03-15 201089515 REFUNDING & NEW MONEY (SEE NOTES) false false false C ILLINOIS FINANCE AUTHORITY SERIES 2024A 861091967 45204FWR2 2024-05-14 724469271 REFUNDING & NEW MONEY (SEE NOTES) false false false D ILLINOIS FINANCE AUTHORITY SERIES 2024B 861091967 45204FXD2 2024-07-03 437865495 REFUNDING (SEE NOTES) false false false A 12775000 281387882 1093165 26731 280267986 2021 true false true true B 206969975 1081773 118884202 86974000 0 2025 false true true true C 731768394 8605716 4868437 4068181 23256760 104192447 517155321 69621532 true true false true D 438272474 1713912 14439933 422118629 2024 true false true true A false false true true true true 0.0 0.0 0.0 false true 0.004 true true B false true true true true true 0.0 0.0 0.0 false false 0 false true C false true true true true true 0.005 0.001 0.006 false false 0 false true D false true true true true true 0.0 0.0 0.0 false false 0 false true A false true true false false false 0 false false false 0 false false true B false true false false false false 0 false false false 0 false false true C false true false false false false 0 false false false 0 false false true D false true false false false false 0 false false false 0 false false true A true B true C true D true MADHAV RAJAN KEY EMPLOYEE X 1250000 1000000 false true true Katherine Baicker Officer X 500000 150000 false true true 1150000 YOLANDA TYLER SPOUSE OF TRUSTEE 86644 SEE PART V false TAMAR POLONSKY DAUGHTER OF FORMER OFFICER 454824 SEE PART V false PIMCO TRUSTEE OF UNIVERSITY 619551 SEE PART V false THE CARLYLE GROUP TRUSTEE OF UNIVERSITY 93621 SEE PART V false WEALTH STRATEGIST PARTNERS TRUSTEE OF UNIVERSITY 34138 SEE PART V false Schedule L, Part IV PART IV YOLANDA TYLER, THE WIFE OF TRUSTEE, JASON TYLER, WAS EMPLOYED BY THE UNIVERSITY DURING FISCAL YEAR 2025. TAMAR POLONSKY, THE DAUGHTER OF KENNETH POLONSKY, FORMER DEAN AND EXECUTIVE VICE PRESIDENT FOR MEDICAL AFFAIRS, IS EMPLOYED BY THE UNIVERSITY AS AN ASSOCIATE PROFESSOR IN THE DEPARTMENT OF MEDICINE. RODNEY GOLDSTEIN, A TRUSTEE OF THE UNIVERSITY, IS CO-MANAGING PARTNER OF WEALTH STRATEGIST PARTNERS (WSP), AN INVESTMENT ADVISORY FIRM. FOR THE TAX YEAR ENDED JUNE 30, 2025, STUART E. LUCAS, CO-MANAGING PARTNER AND CHIEF INVESTMENT OFFICER OF WSP, RECEIVED COMPENSATION FOR PROVIDING TEACHING AND SPEAKING SERVICES TO THE UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS, FOR WHICH HE RECEIVED $34,138 IN FEES. EMMANUEL ROMAN, A TRUSTEE OF THE UNIVERSITY, IS THE CHIEF EXECUTIVE OFFICER OF PIMCO, A FIXED INCOME INVESTMENT FIRM WITH WHICH THE UNIVERSITY HAS INVESTED A PORTION OF ITS ENDOWMENT. PIMCO RECEIVED APPROXIMATELY $619,551 IN FEES IN CONNECTION WITH THE UNIVERSITY'S INVESTMENT FOR THE TAX YEAR ENDED JUNE 30, 2025. DAVID M. RUBENSTEIN, A TRUSTEE OF THE UNIVERSITY, IS A CO-FOUNDER AND CO-CEO OF THE CARLYLE GROUP, A PRIVATE EQUITY FIRM WITH WHICH THE UNIVERSITY HAS INVESTED A PORTION OF ITS ENDOWMENT. THE CARLYLE GROUP RECEIVED APPROXIMATELY $93,621 IN FEES IN CONNECTION WITH THE UNIVERSITY'S INVESTMENT FOR THE TAX YEAR ENDED JUNE 30, 2025. 1 NONE X 316200 Opinions of experts 328 18717575 Selling cost X EQUIPMENT 1 69774 Opinions of experts 3 false true true Schedule M, Part I, Line 33 Noncash contribution amounts not reported THE ORGANIZATION DISPLAYS ITS ARTWORK COLLECTION FOR THE EDUCATION OF THE PUBLIC. THE ORGANIZATION HAS NOT RECOGNIZED OR CAPITALIZED ITS ARTWORK COLLECTION SINCE INCEPTION IN ACCORDANCE WITH ASC 958. Form 990, Part III, Line 4d Description of other program services (Expenses $ 998,220,841 including grants of $ 4,414,534)(Revenue $ 445,203,945) The other program services that support the mission of instruction and research are: Auxiliary Enterprises Library Other Student Services Information Services Ancillary Services Form 990, Part VI, Line 15a 15b PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL DURING THE TAX YEAR, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTED ITS ANNUAL REVIEW OF COMPENSATION FOR THE UNIVERSITY'S PRESIDENT AND ALL OTHER UNIVERSITY OFFICERS AND KEY EMPLOYEES, BASED ON A RECOMMENDATION FROM THE CHAIRMAN OF THE BOARD OF TRUSTEES IN THE CASE OF THE PRESIDENT'S COMPENSATION, AND RECOMMENDATIONS FROM THE PRESIDENT IN THE CASE OF OFFICER COMPENSATION. THE EXECUTIVE COMMITTEE REVIEWED THESE RECOMMENDATIONS, INCLUDING A REVIEW OF COMPARABILITY DATA PROVIDED BY EXTERNAL CONSULTANTS, AND MADE FINAL DECISIONS REGARDING COMPENSATION. ALL DECISIONS OF THE EXECUTIVE COMMITTEE ARE DOCUMENTED IN MINUTES MAINTAINED BY THE UNIVERSITY. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ANDREW ALPER AND KENNETH JACOBS, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, ANTONIO GRACIAS AND MICHAEL POLSKY, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, ANTONIO GRACIAS AND NASSEF O. SAWIRIS, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, ANTONIO GRACIAS AND PAUL J. CARBONE, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, ASHLEY D. JOYCE AND BYRON D. TROTT, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, DAVID RUBENSTEIN AND BYRON D. TROTT, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, DAVID RUBENSTEIN AND GURU RAMAKRISHNAN, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, MARY TOLAN AND MICHAEL POLSKY, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, MARY TOLAN, TRUSTEE OF THE UNIVERSITY, AND KENNETH POLONSKY, FORMER OFFICER - Business relationship, MARY TOLAN, TRUSTEE OF THE UNIVERSITY, AND MADHAV RAJAN, KEY EMPLOYEE OF THE UNIVERSITY - Business relationship, MICHAEL POLSKY AND BYRON D. TROTT, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, NASSEF O. SAWRIS AND BYRON D. TROTT, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, RACHEL D. KOHLER AND BYRON D. TROTT, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, RIKA MANSUETO AND BYRON D. TROTT, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship, THOMAS J. PRITZKER AND BYRON D. TROTT, BOTH TRUSTEES OF THE UNIVERSITY - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body PRIOR TO FILING THE FORM 990, MEMBERS OF THE EXECUTIVE COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES WERE GIVEN AN OPPORTUNITY TO REVIEW PORTIONS OF THE FORM 990 RELEVANT TO THE THEIR AREAS OF OVERSIGHT. THESE PORTIONS OF THE FORM 990 WERE DISTRIBUTED TO COMMITTEE MEMBERS IN MARCH 2026, AND TRUSTEES OF THESE COMMITTEES WERE GIVEN THE OPPORTUNITY TO REVIEW THE FORM AND ASK QUESTIONS. IN ADDITION, IN MAY 2026, THE COMPLETED DRAFT FORM 990 (AND FORM 990-T), INCLUDING ALL SCHEDULES, WAS POSTED ON A SECURE WEBSITE ACCESSIBLE TO ALL TRUSTEES TO ALLOW THEM TO REVIEW THE FORM, PROVIDE COMMENTS, AND ASK ANY QUESTIONS. INFORMATION ABOUT ACCESSING THE WEBSITE WAS DISTRIBUTED IN ADVANCE TO ALL TRUSTEES. THE DRAFT FORM REMAINED AVAILABLE ON THE WEBSITE FOR APPROXIMATELY TWO WEEKS, AFTER WHICH ONLINE ACCESS ENDED TO ALLOW THE UNIVERSITY TIME TO FINALIZE THE FORM 990 AND FORM 990T FOR FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE UNIVERSITY IS COMMITTED TO AVOIDING ANY ACTUAL OR POTENTIAL CONFLICTS BETWEEN THE INTERESTS OF THE UNIVERSITY OR ANY OF ITS RELATED ORGANIZATIONS AND ANY PERSONAL INTEREST A TRUSTEE OR OFFICER MAY HAVE. GENERALLY, CONFLICTS ARISE WHEN: (I) A TRUSTEE OR OFFICER HAS AN EXISTING OR POTENTIAL FINANCIAL OR OTHER INTEREST WHICH IMPAIRS, OR MIGHT APPEAR TO IMPAIR, HIS OR HER INDEPENDENCE OR OBJECTIVITY IN SERVING THE UNIVERSITY; OR (II) THE TRUSTEE OR OFFICER MIGHT DERIVE, OR APPEAR TO DERIVE, A FINANCIAL OR OTHER MATERIAL BENEFIT FROM CONFIDENTIAL INFORMATION LEARNED IN THE COURSE OF HIS OR HER EMPLOYMENT OR BOARD SERVICE. DISCLOSURE IS REQUIRED, AND ABSTENTION OR RECUSAL MAY BE NECESSARY, WHENEVER A TRUSTEE OR OFFICER OR A RELATED PARTY (AS DESCRIBED BELOW) ENGAGES IN THE FOLLOWING ACTIVITY: A. HAS A MATERIAL INTEREST IN ANY TRANSACTION OR ANY PROPOSED TRANSACTION TO WHICH THE UNIVERSITY OR ANY OF ITS RELATED ORGANIZATIONS WAS OR IS TO BE A PARTY, OR SERVES AS A DIRECTOR, OFFICER, TRUSTEE, PARTNER, EMPLOYER, OR EMPLOYEE OF ANY PERSON OR ENTITY HAVING A MATERIAL INTEREST IN AN ACTUAL OR PROPOSED TRANSACTION WITH THE UNIVERSITY OR ANY OF ITS RELATED ORGANIZATIONS, OR B. SERVES AS A DIRECTOR, OFFICER, TRUSTEE, PARTNER, EMPLOYER, OR EMPLOYEE OF ANY PERSON OR ENTITY THAT COMPETES DIRECTLY WITH THE UNIVERSITY OR ANY OF ITS RELATED ORGANIZATIONS, HOLDS MORE THAN 5% OF THE STOCK OR EQUITY OF ANY SUCH ORGANIZATION, OR HAS RECEIVED SUBSTANTIAL COMPENSATION, GIFTS, OR SERVICES FROM ANY SUCH ORGANIZATION OR PERSON. FOR PURPOSES OF PARAGRAPHS (A) AND (B) ABOVE, A RELATED PARTY SHALL BE DEFINED AS: ONE'S SPOUSE, DOMESTIC PARTNER, ANCESTORS, CHILDREN, GRANDCHILDREN, GREAT-GRANDCHILDREN, SIBLINGS (WHETHER BY WHOLE OR HALF-BLOOD), OR THE SPOUSES OF CHILDREN, GRANDCHILDREN, GREAT-GRANDCHILDREN, OR SIBLINGS. THE FOREGOING LANGUAGE IS MEANT TO BE ILLUSTRATIVE. ULTIMATELY, THE UNIVERSITY'S CONFLICT OF INTEREST POLICY RELIES ON EACH TRUSTEE'S AND OFFICER'S SOUND JUDGMENT. RECOGNIZING THAT IT IS DIFFICULT TO ANTICIPATE ALL POTENTIAL CONFLICTS IN ADVANCE, TRUSTEES AND OFFICERS ARE REMINDED THAT QUESTIONS REGARDING THE CONFLICT OF INTEREST POLICY MAY BE RAISED INFORMALLY AND CONFIDENTIALLY AT ANY TIME WITH THE CHAIR OF THE BOARD, THE CHAIR OF THE COMMITTEE ON TRUSTEESHIP AND GOVERNANCE, OR THE UNIVERSITY'S VICE PRESIDENT AND GENERAL COUNSEL. ALL CONFLICT OF INTEREST DISCLOSURES AND RELATED DISCUSSIONS WILL BE HELD IN CONFIDENCE TO THE MAXIMUM EXTENT POSSIBLE, BUT SHALL BE SHARED WITH THE CHAIR OF THE BOARD, THE COMMITTEE ON TRUSTEESHIP AND GOVERNANCE, AND THE UNIVERSITY'S PRESIDENT, GENERAL COUNSEL, AND EXTERNAL AUDITORS, AS APPROPRIATE. ALL TRUSTEES AND OFFICERS MUST ANNUALLY DISCLOSE ACTUAL AND POTENTIAL CONFLICTS OF INTEREST BY COMPLETING A CONFIDENTIAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, AND THESE DISCLOSURES MUST BE UPDATED AS NEW INFORMATION BECOMES AVAILABLE THAT COULD AFFECT THE TRUSTEE'S OR OFFICER'S STATED INTERESTS. THE UNIVERSITY'S VICE PRESIDENT AND GENERAL COUNSEL, IN CONSULTATION WITH THE COMMITTEE ON TRUSTEESHIP AND SENIOR UNIVERSITY ADMINISTRATION, WILL COMPILE THE DISCLOSURES INTO A CONFIDENTIAL DATABASE TO FACILITATE IDENTIFICATION OF POTENTIAL UNIVERSITY TRANSACTIONS THAT MAY BE AFFECTED BY THE DISCLOSURE AND TO ASSIST THE CHAIR OF THE BOARD IN MAKING COMMITTEE ASSIGNMENTS. REGARDLESS OF THESE EFFORTS, ANY TRUSTEE AND OFFICER HAVING AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST MUST: (I) PROMPTLY CALL THE CONFLICT TO THE ATTENTION OF THE CHAIR OF THE BOARD, THE CHAIR OF THE COMMITTEE ON TRUSTEESHIP AND GOVERNANCE, OR THE UNIVERSITY'S VICE PRESIDENT AND GENERAL COUNSEL, AND (II) ABSTAIN FROM PARTICIPATING IN OR VOTING ON THE MATTER. ACTIONS IN THIS REGARD WILL BE REFLECTED IN ANY OFFICIAL MEETING MINUTES. Form 990, Part VI, Line 19 Required documents available to the public THE UNIVERSITY'S ARTICLES OF INCORPORATION AND BYLAWS, CONFLICT OF INTEREST POLICIES, AND MOST RECENT FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ON THE UNIVERSITY'S WEBSITE, WWW.TRUSTEES.UCHICAGO.EDU. 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