2026-05-14T14:50:42-05:00 2025-06-30 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2024-07-01 061043412 WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH % LAURA SANDER WHIT 6172585000 455 MAIN STREET CAMBRIDGE MA 021421479 LAURA SANDER CFO, TREASURER 6172585000 2026-05-14 true true ERICA R MCREYNOLDS P00977806 2673303000 2026-05-13 2024 2025-03-06 01:10:19Z DR RUTH LEHMANN 455 MAIN STREET CAMBRIDGE MA 021421479 314998191 false X WWW.WI.MIT.EDU X 1981 MA WHITEHEAD INSTITUTE IS A BIOLOGICAL RESEARCH INSTITUTE DEDICATED TO MAKING PARADIGM SHIFTING INSIGHTS INTO THE FUNDAMENTAL PRINCIPLES OF LIFE. 17 16 368 16 2143753 0 36282922 30525503 771855 2429262 42729652 69987554 85092186 119325168 164876615 222267487 2402028 3037600 0 0 39388274 40884805 0 0 1997379 103943448 130347712 145733750 174270117 19142865 47997370 903412304 973242315 140485697 144572773 762926607 828669542 X WHITEHEAD INSTITUTE FORGES NEW FRONTIERS IN SCIENCE, UNCOVERING INSIGHTS TODAY THAT UNLOCK THE POTENTIAL OF TOMORROW. OUR ADVANCES IN GENETICS AND GENOMICS ARE NOW ENABLING US TO TACKLE THE COMPLEXITIES OF LIFE WITH UNPRECEDENTED DEPTH AND BREADTH. false false 152070256 3037600 2429262 WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH IS AN INDEPENDENT NONPROFIT RESEARCH INSTITUTION LOCATED IN CAMBRIDGE, MASSACHUSETTS. THE INSTITUTE WAS INCORPORATED IN 1981 TO PROMOTE AND EXPAND HUMAN KNOWLEDGE IN THE BIOMEDICAL AND OTHER SCIENTIFIC FIELDS WITH THE ULTIMATE GOAL OF IMPROVING HUMAN HEALTH AND WELL-BEING. THE RESEARCH OF THE INSTITUTE FOCUSES ON BASIC BIOLOGICAL PROCESSES INVESTIGATED MAINLY FROM A MOLECULAR OR CELLULAR PERSPECTIVE. RESEARCH IS CONDUCTED IN SEVERAL AREAS, INCLUDING CANCER, NEURODEGENERATIVE DISEASES, REGENERATIVE BIOLOGY, IMMUNOLOGY AND GENETICS. THE RESEARCH OF THE INSTITUTE IS CONDUCTED UNDER THE LEADERSHIP OF PRINCIPAL INVESTIGATORS WHO HOLD JOINT APPOINTMENTS TO THE FACULTIES OF THE INSTITUTE AND MASSACHUSETTS INSTITUTE OF TECHNOLOGY ("MIT") (THE "INSTITUTE FACULTY"). THE MEMBERS OF THE INSTITUTE FACULTY ARE RECOGNIZED LEADERS IN THEIR FIELDS. THE INSTITUTE FACULTY INCLUDE TWO RECIPIENTS OF THE NATIONAL MEDAL OF SCIENCE, SIX HOWARD HUGHES MEDICAL INSTITUTE INVESTIGATORS, TEN MEMBERS OF THE NATIONAL ACADEMY OF SCIENCES AND SIX MEMBERS OF THE NATIONAL ACADEMY OF MEDICINE. FOR MORE THAN THREE DECADES, WHITEHEAD INSTITUTE HAS MAINTAINED A STEADFAST COMMITMENT TO SCIENCE EDUCATION AND OUTREACH BY OFFERING PROGRAMS TO ENHANCE SCIENCE TEACHING AND LEARNING FOR THE ENTIRE COMMUNITY. WITH A VARIETY OF PROGRAMS RANGING IN SCOPE FROM LECTURES AND WORKSHOPS FOR TEACHERS AND STUDENTS TO SPECIAL EVENTS FOR NON-SCIENTISTS, WHITEHEAD OFFERS ITS PARTICIPANTS FIRST-HAND EXPOSURE TO STATE-OF-THE-ART RESEARCH. THESE PROGRAMS INCLUDE: SEMINAR SERIES FOR HIGH SCHOOL TEACHERS - THIS MONTHLY PROGRAM PROVIDES EDUCATORS AND OPPORTUNITY TO EXPLORE TOPICS AT THE FOREFRONT OF BIOMEDICAL RESEARCH. THE SERIES BEGINS IN OCTOBER AND LECTURES ARE HELD THE FIRST MONDAY OF EVERY MONTH THROUGH JUNE. SPRING LECTURE SERIES FOR HIGH SCHOOL STUDENTS - THIS PROGRAM, HELD DURING THE PUBLIC SCHOOL SPRING VACATION WEEK, FEATURES LECTURES FROM LEADING SCIENTIFIC EXPERTS, HANDS-ON LABORATORY DEMONSTRATIONS, VISITS TO LOCAL BIOTECHNOLOGY COMPANIES, AND INTERACTIONS WITH YOUNG WHITEHEAD INSTITUTE SCIENTISTS. SCIENCE WEEKS FOR MIDDLE SCHOOL STUDENTS - WHITEHEAD INSTITUTE HAS DEVELOPED IMMERSIVE, WEEK-LONG PROGRAMS FOR RISING 6TH, 7TH, AND 8TH GRADERS FEATURING HANDS-ON ACTIVITIES, CLASSROOM LESSONS, AND INTERACTIONS WITH SCIENTISTS. TWO SUCH SESSIONS ARE HELD IN THE SUMMER MONTHS. PUBLIC PROGRAM COLLABORATIONS - WHITEHEAD INSTITUTE ROUTINELY PARTNERS WITH VARIOUS RESEARCH INSTITUTIONS AND BIOTECHNOLOGY ORGANIZATIONS IN COORDINATING EDUCATIONAL PROGRAMMING FOR HIGH SCHOOL STUDENTS, TEACHERS, AND SCIENTISTS. 152070256 true true false true false false false true false true true true false false true true true false false false true true false false false false false true false true false false false true false false false false true false false false false false false false false true 325 0 true 368 true true true false false false false false false false false false true false X 17 16 true false false false false false false true true false false true true true true true true true false false MA X LAURA SANDER 6172585000 455 MAIN STREET CAMBRIDGE MA 021421479 X DR RUTH LEHMANN DIRECTOR/PRESIDENT 40.0 0.0 X X 1031797 0 50124 MR MARTIN MULLINS VICE PRESIDENT 40.0 0.0 X 548079 0 50124 MS SHARON STANCZAK VP & SECRETARY (END 12/2024) 40.0 0.0 X 427063 0 73848 MS LAURA SANDER CFO & TREASURER 40.0 0.0 X 398735 0 74891 DR RUDOLF JAENISCH MEMBER (FACULTY) 40.0 0.0 X 391954 0 63989 DR RICHARD YOUNG MEMBER (FACULTY) 40.0 0.0 X 366154 0 63589 DR ROBERT WEINBERG MEMBER (FACULTY) 40.0 0.0 X 363183 0 63589 DR IAIN CHEESEMAN MEMBER (FACULTY) 40.0 0.0 X 350818 0 71452 DR HARVEY LODISH MEMBER (FACULTY) 40.0 0.0 X 320904 0 64238 MS MONICA GERBER SECRETARY (FORMER) 20.0 0.0 X 124659 0 23750 MS MONIQUE TAYLOR ASST SECRETARY 40.0 0.0 X 90114 0 18626 MS SUSAN WHITEHEAD DIRECTOR 2.0 0.0 X 0 0 0 MS BRIT D'ARBELOFF DIRECTOR (END 5/2025) 2.0 0.0 X 0 0 0 MR JONATHAN GOLDSTEIN DIRECTOR 2.0 0.0 X 0 0 0 MR PETER WHITEHEAD DIRECTOR (END 9/2024) 2.0 0.0 X 0 0 0 DR ROBERT SATCHER DIRECTOR 2.0 0.0 X 0 0 0 DR PAUL JOSKOW DIRECTOR/BOARD VICE CHAIR 2.0 0.0 X X 0 0 0 MS SARAH WILLIAMSON DIRECTOR/BOARD CHAIR 3.0 0.0 X X 0 0 0 DR DENNIS LANGER DIRECTOR 2.0 0.0 X 0 0 0 MR SETH ALEXANDER DIRECTOR 2.0 0.0 X 0 0 0 DR KEVIN CHURCHWELL DIRECTOR 2.0 0.0 X 0 0 0 MR MICHAEL CHAMBERS DIRECTOR 2.0 0.0 X 0 0 0 MR TERRANCE MCGUIRE DIRECTOR 2.0 0.0 X 0 0 0 MR RAJA BOBBILI DIRECTOR 2.0 0.0 X 0 0 0 DR SALLY KORNBLUTH DIRECTOR 2.0 0.0 X 0 0 0 DR DEBORAH DUNSIRE DIRECTOR 2.0 0.0 X 0 0 0 MS MICHO SPRING DIRECTOR 2.0 0.0 X 0 0 0 MS MAREN WINNICK DIRECTOR (START 12/2024) 2.0 0.0 X 0 0 0 4413460 0 618220 88 true true false THE INVESTMENT FUND FOR FOUNDATIONS 170 N RADNOR CHESTER RD 300 RADNOR PA 19087 INVESTMENT MANAGER 2188436 SEI BOSTON LLC 11500 NORTHLAKE DR SUITE 450 CINCINNATI OH 45249 CONSULTING SERVICES 762760 HINCKLEY ALLEN SNYDER LLP 100 WESTMINSTER ST SUITE 1500 PROVIDENCE RI 02903 LEGAL 679863 NX2 SERVICES LLC PO BOX 541053 WALTHAM MA 02454 CLEANING 654337 MORSE BARNES-BROWN PENDLETON PC 230 3RD AVE4TH FLOOR WALTHAM MA 02451 LEGAL FIRM 599097 13 12398639 18126864 975871 30525503 SCIENTIFIC SERVICES 541900 1085033 1085033 LAB OCCUPANCY FEES 541700 1344229 1344229 2429262 11013008 2143753 8869255 0 118932213 118932213 0 0 0 151705250 92730704 58974546 58974546 0 0 0 0 0 0 0 0 0 PROCESSING FEES FOR ADMIN ROYALTIES 900099 279792 279792 MISCELLANEOUS INCOME 900099 113163 113163 392955 222267487 2429262 2143753 128194423 2557603 2557603 0 479997 479997 0 2048149 414480 1313773 319896 129852 129852 27712541 22025215 5000321 687005 2572774 1931456 554651 86667 6383936 4383949 1814196 185791 2037553 1529650 439265 68638 0 1355110 1189805 152280 13025 456160 456160 0 0 2565753 136213 2429540 3757260 1716360 1647180 393720 2988 1508 1480 1077326 789434 268094 19798 1854317 67161 1759593 27563 65865940 65865940 2560240 2233046 327194 470737 370870 77735 22132 0 945919 595034 239988 110897 3662499 3214575 447924 0 5693775 5010839 682936 406605 377284 29321 LAB SUPPLIES 10289829 10283575 6254 FELLOWSHIPS 5023420 4965102 58318 EQUIP PURCH/RENT REPAIR MAIN 5428372 3633885 1760227 34260 OTHER LAB EXPENSES 3529283 3529283 15402179 14767991 607680 26508 174270117 152070256 20202482 1997379 8366420 17438126 25116607 16547855 12092581 10350778 26730448 32588695 1050000 900000 0 0 2253608 2333500 0 0 1686155 1851856 187879406 106726785 79166947 81152621 7939910 8279836 726509884 788033616 0 0 0 0 12499744 13765432 903412304 973242315 15845366 19481076 0 0 5260152 3787141 0 0 0 0 0 0 0 0 106767168 106832306 12613011 14472250 140485697 144572773 X 697887290 763352894 65039317 65316648 762926607 828669542 903412304 973242315 X 47997370 17247740 497825 X false true X true true true X 28386567 34538779 31297792 36282922 30525503 161031563 0 0 28386567 34538779 31297792 36282922 30525503 161031563 0 161031563 45582117 55867034 66516020 97928516 129945221 395838908 0 361149 281434 435058 216760 392955 1687356 558557827 6935777 0.28830 0.34462 X SCHEDULE A, PART II, LINE 10: THE TOTAL AMOUNT REPORTED ON LINE 10 INCLUDES PROCESSING FEES FOR ADMINISTRATION OF ROYALTIES AND OTHER MISCELLANEOUS ADMINISTRATIVE INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 11853 11853 false 0 SCHEDULE C, PART II-B, LINE 1I: THE INSTITUTE BELONGS TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. AMOUNT REPORTED IN PART II-B, LINE 1I REPRESENTS THE AMOUNT OF DUES PAID ATTRIBUTABLE TO LOBBYING ACTIVITIES BASED ON INFORMATION PROVIDED BY THE MEMBER ORGANIZATIONS. 463374 X false false 715839307 1001314 79717825 46222947 750335499 672261159 730000 70483030 27634882 715839307 639252080 2700652 56975371 26666944 672261159 708912642 700000 -46428944 23931618 639252080 521317096 200000 211129485 23733939 708912642 0.95000 0.05000 0.00000 true false 3977500 3977500 151220370 86735183 64485187 0 0 0 31378562 19991602 11386960 1302974 0 1302974 81152621 GLOBAL/EMERGING MKT EQ. SEC. 348774385 F PRIVATE EQUITY- FUNDS OF FUNDS 313672690 F PRIVATE EQUITY - INDUSTRY/VAR 2059665 F PRIVATE EQUITY - REAL ESTATE 6044596 F MONEY MARKET FUND 35388170 F BENEFICIAL INTEREST IN MIT INV 82094110 F 788033616 0 POST RETIREMENT HEALTH BENEFIT 4887461 DEFERRED COMPENSATION PLANS 7256182 RIGHT TO USE LEASE LIABILITY 2328607 14472250 X 236949474 17247740 17247740 219701734 2565753 2565753 222267487 171704364 171704364 2565753 2565753 174270117 SCHEDULE D, PART III, LINE 4: THE INSTITUTE'S ART COLLECTION WAS AQUIRED THROUGH DONATIONS AND PURCHASED WITH A GIFT FROM ITS FOUNDER, EDWIN C. WHITEHEAD AND CONSISTS OF ARTWORKS EXECUTED IN OIL, ACRYLIC, WATERCOLOR AND MIXED MEDIA, PRINTS AND PHOTOGRAPHY. THE COLLECTION'S PURPOSE IS TO HELP CREATE A STIMULATING AND INNOVATIVE SETTING TO ACHIEVE THE MISSION OF THE INSTITUTE. SCHEDULE D, PART V, LINE 4: THE INSTITUTE'S ENDOWMENT FUNDS ARE USED TO UNDERWRITE THE RESEARCH PROGRAM OF THE INSTITUTE AS WELL AS TO FUND THE ADMINISTRATION AND OPERATION OF THE INSTITUTE. THE INSTITUTE HAS ADOPTED ENDOWMENT INVESTMENT AND SPENDING POLICIES THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO THE INSTITUTE'S MISSION, SUPPORTED BY ITS ENDOWMENT, WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF ENDOWMENT ASSETS. THESE POLICIES DETERMINE THE AMOUNT THAT MAY BE DRAWN FROM ITS ENDOWMENT FUNDS. THE INSTITUTE DRAWS FUNDS FOR RESEARCH AND OPERATIONS, AS APPROVED BY THE BOARD, FROM TOTAL INVESTMENTS. SCHEDULE D, PART X, LINE 2: WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH ("THE INSTITUTE") DID NOT REPORT A LIABILITY FOR UNCERTAIN TAX POSITIONS. THE INSTITUTE'S FIN 48 FOOTNOTE IS AS FOLLOWS: THE INSTITUTE IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE INSTITUTE COMPLIES WITH AUTHORITATIVE GUIDANCE AND ACCOUNTING FOR AND DISCLOSURE OF UNCERTAINTY IN TAX POSITIONS. . true Central America and the Caribbean 0 0 Investments 2059665 0 0 0 0 2059665 2059665 Europe (Including Iceland and Greenland) RESEARCH SUBAWARDS 479997 WIRE 0 N/A N/A 1 0 true false false false false false SCHEDULE F, PART I, LINE 2 GRANT FUNDS ARE MANAGED IN ACCORDANCE WITH THE INSTITUTE'S RULES AND REGULATIONS. EXPENDITURES ARE REVIEWED TO ENSURE THAT THE COSTS INCURRED AND CHARGED TO A PARTICULAR GRANT ARE IN COMPLIANCE WITH THE INSTITUTE'S POLICIES AND GRANTOR REQUIREMENTS. true UNIVERSITY OF PENNSLYVANIA 3451 WALNUT STREET PHILADELPHIA PA 19104 231352685 501(C)(3) 5998 N/A N/A RESEARCH SUBAWARDS MEMORIAL SLOAN KETTERING PO BOX 26338 NEW YORK NY 10087 131924236 501(c)(3) 185312 N/A N/A RESEARCH SUBAWARDS BRIGHAM AND WOMENS HOSPITAL PO BOX 3887 BOSTON MA 022413887 042312909 501(C)(3) 215931 N/A N/A RESEARCH SUBAWARDS COLUMBIA UNIVERSITY PO BOX 2978 NEW YORK NY 100879789 135598093 501(C)(3) 312383 N/A N/A RESEARCH SUBAWARDS PRINCETON UNIVERSITY 701 Carnegie Ctr Princeton NJ 08540 210634501 501(C)(3) 333938 N/A N/A RESEARCH SUBAWARD HARVARD UNIVERSITY PO BOX 415649 CAMBRIDGE MA 022415649 042103580 501(C)(3) 592946 N/A N/A RESEARCH SUBAWARD THE BROAD INSTITUTE 415 MAIN ST CAMBRIDGE MA 02142 263428781 501(C)(3) 446810 N/A N/A RESEARCH SUBAWARD DANA FARBER CANCER INSTITUTE 450 BROOKLINE AVE BP418 BOSTON MA 02215 042263040 501(C)(3) 314134 N/A N/A RESEARCH SUBAWARD BOSTON CHILDREN'S HOSPITAL 300 LONGWOOD AVE BOSTON MA 02115 042774441 501(C)(3) 150151 N/A N/A RESEARCH SUBAWARD 9 0 SCHEDULE I, PART I, LINE 2 GRANT FUNDS ARE MANAGED IN ACCORDANCE WITH THE INSTITUTE'S RULES AND REGULATIONS. 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X X true true X X X X false false false false false false false true true true DR RUTH LEHMANN DIRECTOR/PRESIDENT 812307 0 0 0 219490 0 38810 0 11314 0 1081921 0 0 0 MR MARTIN MULLINS VICE PRESIDENT 497441 0 25000 0 25638 0 38810 0 11314 0 598203 0 0 0 DR RUDOLF JAENISCH MEMBER (FACULTY) 378072 0 0 0 13882 0 38810 0 25179 0 455943 0 0 0 DR RICHARD YOUNG MEMBER (FACULTY) 340192 0 0 0 25962 0 38810 0 24779 0 429743 0 0 0 DR ROBERT WEINBERG MEMBER (FACULTY) 352804 0 0 0 10379 0 38810 0 24779 0 426772 0 0 0 MS SHARON STANCZAK VP & SECRETARY (END 12/2024) 388638 0 25000 0 13425 0 38810 0 35038 0 500911 0 0 0 DR IAIN CHEESEMAN MEMBER (FACULTY) 326723 0 0 0 24095 0 37853 0 33599 0 422270 0 0 0 MS LAURA SANDER CFO & TREASURER 375484 0 12000 0 11251 0 38810 0 36081 0 473626 0 0 0 MS MONICA GERBER SECRETARY (FORMER) 123027 0 0 0 1632 0 12111 0 11639 0 148409 0 0 0 DR HARVEY LODISH MEMBER (FACULTY) 313338 0 0 0 7566 0 36259 0 27979 0 385142 0 0 0 SCHEDULE J, PART I, LINES 1A & 1B: TRAVEL FOR COMPANIONS INCLUDED TRAVEL EXPENSES PAID FOR FAMILY MEMBERS TO ATTEND AN ANNUAL BUSINESS RETREAT. THESE PAYMENTS WERE GROSSED UP FOR INDIVIDUAL TAX REPORTING PURPOSES. THE PAYMENTS AND THE GROSS UP AMOUNT WERE TREATED AS TAXABLE INCOME. SCHEDULE J, PART I, LINE 3: WHITEHEAD INSTITUTE HAS A BOARD LEADERSHIP ADVISORY COMMITTEE, WHICH HAS A CHARTER. IN ADDITION, WHITEHEAD HAS AN EXECUTIVE COMPENSATION POLICY. SCHEDULE J, PART I, LINE 7 & PART II, COLUMN (B)(II): BONUS PAYMENTS REPORTED IN COLUMN B(II) REPRESENT NON-FIXED PAYMENTS MADE IN RECOGNITION OF MEETING CERTAIN PERFORMANCE GOALS. SCHEDULE J, PART I, LINE 8: THE PRESIDENT RECEIVED PAYMENTS UNDER AN INITIAL CONTRACT WITH THE INSTITUTE. RUTH LEHMANN DIRECTOR/PRESIDENT MORTGAGE X 1500000 900000 false true true 900000 X 2 975871 SALE PROCEEDS AT FMV false true false SCHEDULE M, COLUMN B: THE INSTITUTE IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 6: THE INSTITUTE DOES NOT FORMALLY TRACK VOLUNTEERS, BUT HAS INCLUDED THE NUMBER OF BOARD MEMBERS THAT ARE UNCOMPENSATED. FORM 990, PART VI, LINE 2: PETER AND SUSAN WHITEHEAD (DIRECTORS) HAVE A FAMILY RELATIONSHIP AND A BUSINESS RELATIONSHIP. FORM 990, PART VI, LINE 11B: THE PROCESS FOR THE FORM 990 INCLUDES REVIEW BY SENIOR MANAGEMENT AND THE INDEPENDENT EXTERNAL TAX CONSULTANTS. THE FULL BOARD, INCLUDING THE AUDIT & RISK COMMITTEE RECEIVES A FINAL COPY OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, LINE 12C: PROMPTLY AFTER THE END OF EACH FISCAL YEAR OF THE INSTITUTE (JUNE 30), AND IMMEDIATELY FOLLOWING ELECTION TO THE BOARD, OR AS AN OFFICER, FOR THE FIRST TIME, DIRECTORS AND OFFICERS SHALL SUBMIT TO THE SECRETARY, OR SUCH PERSON AS THE DIRECTOR MAY DESIGNATE, A COMPLETED DISCLOSURE STATEMENT REPORTING INFORMATION SPECIFICALLY REQUESTED IN THE STATEMENT AND ALSO REPORTING ON BEHALF OF THEMSELVES, THEIR FAMILY MEMBERS, AND ORGANIZATIONS WITH WHICH THEY HAVE A BUSINESS RELATIONSHIP, ANY ACTUAL OR PLANNED BUSINESS OR OTHER TRANSACTION OR RELATIONSHIP THAT DIRECTLY OR INDIRECTLY INVOLVES THE INSTITUTE OR THAT FOR SOME OTHER REASON COULD BE CONSTRUED AS A CONFLICT OF INTEREST BECAUSE IT MIGHT AFFECT THEIR INDEPENDENT, UNBIASED JUDGMENT WHEN CARRYING OUT THEIR DUTIES FOR THE INSTITUTE. IF A MATTER COMES BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD IN WHICH A DIRECTOR HAS AN INTEREST (EITHER DIRECTLY OR INDIRECTLY), SUCH DIRECTOR SHOULD WITHDRAW FROM DISCUSSION AND VOTING WHEN THE BOARD OR COMMITTEE ACTS ON SUCH MATTER. CONFLICTS OF INTEREST ARE MONITORED BY THE VICE PRESIDENT AND DIRECTOR WHO ADVISE THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, LINE 15: A LEADERSHIP ADVISORY COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND RECOMMENDS CHANGES TO THE COMPENSATION FOR THE PRESIDENT, CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT BASED UPON PERFORMANCE AND ACHIEVING ANNUAL GOALS. THE PRESIDENT REVIEWS THE SENIOR MANAGEMENT SALARIES AND REPORTS TO THE COMMITTEE. FACULTY SALARIES ARE SET BY MASSACHUSETTS INSTITUTE OF TECHNOLOGY ON AN ANNUAL BASIS. BENCHMARK AND INDUSTRY SURVEYS ARE REVIEWED FOR ALL WHITEHEAD POSITIONS. FORM 990, PART VI, LINE 19: THE INSTITUTE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST ON AN INDIVIDUAL CASE BASIS. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS OR FUND BALANCES: POSTRETIREMENT RELATED CHANGES: $497,825 TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES: $497,825