Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2011
Open to Public Inspection
A For the calendar year, or tax year beginning 09-01-2011 and ending 08-31-2012
BCheck if applicable:
CName of organization
Northwestern Medical Faculty
FOUNDATION
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
680 North Lake Shore Drive
 
Room/suite
City or town, state or country, and ZIP + 4
Chicago, IL60611
D Employer identification number

36-3097297
E Telephone number

G Gross receipts $ 618,691,409
F Name and address of principal officer:
ERIC G NEILSON MD
680 N LAKE SHORE DRIVE
CHICAGO,IL60611
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
www.nmff.org
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1981
M State of legal domicile: IL
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE MISSION OF NORTHWESTERN MEDICAL FACULTY FOUNDATION IS TO PROMOTE OPTIMAL HEALTH BY PREVENTING AND CURING DISEASE, PROVIDING HIGH QUALITY CARE, AND SUPPORTING CRITICAL INQUIRY AND CONTINUOUS LEARNING.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a)..... 3 32
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 6
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ... 5 2,379
6 Total number of volunteers (estimate if necessary) .... 6 20
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 1,049,223
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 895,396
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 23,521,970 35,517,000
9 Program service revenue (Part VIII, line 2g) ......... 545,752,642 572,257,072
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 3,925,523 1,006,837
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 0 0
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 573,200,135 608,780,909
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 46,305,861 55,433,189
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 318,176,960 333,687,452
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 171,901,591 203,749,187
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 536,384,412 592,869,828
19 Revenue less expenses. Subtract line 18 from line 12....... 36,815,723 15,911,081
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 450,148,097 571,763,996
21 Total liabilities (Part X, line 26)............. 233,576,398 331,503,579
22 Net assets or fund balances. Subtract line 21 from line 20..... 216,571,699 240,260,417
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid preparer use only
Print/type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name Right pointing arrowhead image

Firm's EIN Right pointing arrowhead image
Firm's address Right pointing arrowhead image



Phone no.
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2011)
Form 990 (2011)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III .........
1
Briefly describe the organization’s mission: ABOUT NORTHWESTERN MEDICAL FACULTY FOUNDATION NORTHWESTERN MEDICAL FACULTY FOUNDATION (FOUNDATION) IS A FACULTY PRACTICE PLAN FOR THE FULL-TIME FACULTY OF NORTHWESTERN UNIVERSITY'S FEINBERG SCHOOL OF MEDICINE. COMPRISED OF APPROXIMATELY 800 PHYSICIANS AND 1,400 OTHER HEALTHCARE PROFESSIONALS, THE FOUNDATION PROVIDES SUPPORT FOR THE CLINICAL CARE ACTIVITIES OF ITS MEMBERS, A VENUE FOR MEDICAL EDUCATION AND CLINICAL RESEARCH, CHARITABLE OUTREACH TO THE COMMUNITY, AND FINANCIAL SUPPORT FOR THE ACADEMIC MISSION OF THE FEINBERG SCHOOL OF MEDICINE. MISSION: TO PROMOTE OPTIMAL HEALTH FOR OUR PATIENTS AND THE BROADER COMMUNITY BY PREVENTING AND CURING DISEASE, PROVIDING HIGH QUALITY MEDICAL CARE, AND SUPPORTING CRITICAL INQUIRY AND CONTINUOUS LEARNING. CORE COMMITMENTS: 1. TO PROVIDE ACCESSIBLE, EFFICIENT, AND EFFECTIVE MEDICAL CARE, WITH AN EMPHASIS ON DISTINCT INTERDISCIPLINARY SERVICES THAT FOCUS ON THE NEEDS OF THE PATIENT. 2. TO MAINTAIN PUBLIC AND INSTITUTIONAL TRUST BY EMBRACING THE HIG
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 480,131,791 including grants of $ 0 ) (Revenue $ 572,257,072 )
CLINICAL CARE THE FOUNDATION IS COMMITTED TO PROVIDING HIGH QUALITY CLINICAL CARE TO OUR PATIENTS AND COMMUNITIES. OUR SPECIALISTS WORK ACROSS THE TRADITIONAL BOUNDARIES OF MEDICINE TO LEVERAGE THEIR EXPERTISE AND TO PROVIDE PATIENTS WITH COMPREHENSIVE, INDIVIDUALIZED, AND INNOVATIVE CLINICAL CARE. NORTHWESTERN MEMORIAL HOSPITAL, WHERE OUR MEMBERS ARE ATTENDING PHYSICIANS, IS RANKED AS A LEADER IN CLINICAL CARE IN A VARIETY OF SPECIALTIES BY U.S. NEWS AND WORLD REPORT. AMONG THESE ARE CANCER CARE; KIDNEY DISORDERS; HEART AND HEART SURGERY; GERIATRICS; EAR, NOSE AND THROAT; DIGESTIVE DISORDERS; RHEUMATOLOGY; DIABETES AND ENDOCRINE DISORDERS; NEUROLOGY AND NEUROSURGERY; GYNECOLOGY; ORTHOPEDICS; AND, UROLOGY. THE FOUNDATION ALSO OFFERS A VARIETY OF LEADING MULTI-DISCIPLINARY PROGRAMS THAT SERVE OUR PATIENT COMMUNITIES. EXAMPLES OF THESE ARE OUR CARDIOVASCULAR CENTER, CANCER CENTER, AND PELVIC HEALTH CENTER. THE BLUHM CARDIOVASCULAR INSTITUTE IS A RENOWNED HEART AND VASCULAR PROGRAM THAT OFFERS COMPREHENSIVE SERVICES AND TREATMENTS IN ALL AREAS OF CARDIOVASCULAR CARE. THE ROBERT H. LURIE COMPREHENSIVE CANCER CENTER IS COMMITTED TO PROVIDING PATIENTS WITH STATE-OF-THE ART TREATMENT, INNOVATIVE CLINICAL TRIAL OPTIONS, AND COMPASSIONATE CARE. THE MAGGIE DALEY CENTER FOR WOMEN'S CANCER CARE CENTRALIZES OUTPATIENT CANCER CARE FOR WOMEN, BRINGING TOGETHER IN ONE LOCATION BREAST MEDICAL ONCOLOGY, BREAST SURGERY, BREAST IMAGING, AND A COMPREHENSIVE RANGE OF SUPPORTIVE ONCOLOGY SERVICES. THE PELVIC HEALTH CENTER, A MULTIDISCIPLINARY CENTER TREATING SUCH DISORDERS AS INCONTINENCE, PELVIC ORGAN PROLAPSE, AND PELVIC PAIN SYNDROMES, BRINGS TOGETHER SPECIALISTS FROM UROGYNECOLOGY, UROLOGY, COLORECTAL SURGERY, AND REHABILITATION AND PHYSICAL THERAPY. THE FOUNDATION IS COMMITTED TO BEING A LEADING PROVIDER OF CLINICAL CARE TO ALL OF OUR COMMUNITIES AND NEIGHBORHOODS, REGARDLESS OF A PATIENT'S ABILITY TO PAY. IN ACCORDANCE WITH OUR COMMITMENT TO THE COMMUNITY, THE FOUNDATION PROVIDES MEDICAL CARE TO INDIGENT AND ECONOMICALLY DISADVANTAGED PERSONS FREE OF CHARGE OR AT DISCOUNTED RATES. SPECIFICALLY, THE FOUNDATION OFFERS CHARITY CARE OPTIONS TO ITS PATIENTS WHO ARE ILLINOIS RESIDENTS (WITH SOME EXCEPTIONS FOR NONRESIDENTS) AND WHO MEET THE GUIDELINES SET FORTH IN ITS CHARITY CARE POLICY AND WHO APPLY FOR FINANCIAL ASSISTANCE. THE CURRENT GUIDELINES OFFER A 100% DISCOUNT TO PATIENTS WITH INCOME UP TO 250% OF THE FEDERAL POVERTY LEVEL AND A 75% DISCOUNT TO PATIENTS WITH INCOME EQUAL TO 251-600% OF THE FEDERAL POVERTY LEVEL. EVEN IF A PATIENT IS NOT ELIGIBLE FOR A DISCOUNT DUE TO INCOME LEVEL, CHARGES ARE CAPPED TO NOT EXCEED SPECIFIED PERCENTAGES OF A PATIENT'S ANNUAL INCOME. FOR THE YEAR ENDED AUGUST 31, 2012, THE COST OF CHARITY CARE APPROXIMATED $11,773,000. THE FOUNDATION ESTIMATED THESE COSTS BY APPLYING AN OVERALL COST TO CHARGE RATIO TO THE CHARGES INCURRED. IN ADDITION TO CHARITY CARE, THE FOUNDATION PROVIDES MEDICAL CARE TO PERSONS COVERED BY GOVERNMENT PROGRAMS WHICH PROVIDE REIMBURSEMENT AT RATES THAT ARE LESS THAN THE RELATED COSTS. THE FOUNDATION ALSO STRIVES TO PROVIDE A FULL CONTINUUM OF CLINICAL CARE TO OUR COMMUNITY THAT MEETS THE VARYING HEALTHCARE NEEDS OF ITS RESIDENTS. IN ORDER TO PROVIDE COMPREHENSIVE CARE, THE FOUNDATION OFFERS SERVICES THAT ARE OFTEN CRITICAL TO A PATIENT'S HEALTH, BUT WHERE REIMBURSEMENT DOES NOT COVER THE COSTS OF PROVIDING THE SERVICES. THE FOUNDATION ENGAGES IN A NUMBER OF COMMUNITY OUTREACH ACTIVITIES, MANY OF WHICH PROVIDE ACCESS TO HIGH QUALITY CARE TO COMMUNITY RESIDENTS WHO MAY NOT OTHERWISE RECEIVE ADEQUATE TREATMENT. FOUNDATION PHYSICIANS FROM NUMEROUS PRACTICE AREAS PROVIDE FREE MEDICAL CARE AT COMMUNITY CLINICS SERVING THE INDIGENT AND UNDERSERVED POPULATIONS. IN ADDITION, SEVERAL FOUNDATION PHYSICIANS PROVIDE CARE AT THE JESSE BROWN VETERANS ADMINISTRATION MEDICAL CENTER AND AT THE JOHN STROGER HOSPITAL OF COOK COUNTY. THE FOUNDATION ALSO OFFERS INTERPRETATION SERVICES AT NO CHARGE TO ALL PATIENTS. FURTHER, THE FOUNDATION SPONSORS A TRANSPLANT PROGRAM DEDICATED TO SPANISH SPEAKING PATIENTS IN ORDER TO MORE EFFECTIVELY EDUCATE AND TREAT THE SPANISH SPEAKING SEGMENT OF OUR COMMUNITY. THE FOUNDATION ALSO SUPPORTS OTHER HEALTH-RELATED AND NON-HEALTH-RELATED PROGRAMS OF BENEFIT TO SURROUNDING COMMUNITIES. FOR EXAMPLE, A "CHARITABLE TEAM," COMPRISED OF EMPLOYEE VOLUNTEERS FROM A CROSS-SECTION OF DEPARTMENTS, IDENTIFIES OPPORTUNITIES DESIGNED TO SUPPORT COMMUNITY NEEDS. DURING FISCAL YEAR 2012, THESE ACTIVITIES INCLUDED CLOTHING, FOOD, SCHOOL SUPPLY, AND TOY DRIVES; A FUNDRAISING EVENT FOR THE GREATER CHICAGO FOOD DEPOSITORY; AND PARTICIPATING IN THE CHICAGO CARE-A-THON. IN ADDITION, THE FOUNDATION PROVIDES EXTENSIVE HEALTH CARE STUDENT TRAINING, CLINICAL OBSERVATION OPPORTUNITIES, AND IN-SERVICE OR OTHER TRAINING PROGRAMS FOR NON-NORTHWESTERN STUDENTS, VISITING SCHOLARS AND CLINICIANS, AND HEALTH CARE PROFESSIONALS. CLINICAL PRACTICE AREAS AND ADMINISTRATIVE DEPARTMENTS WITHIN THE FOUNDATION ALSO PARTICIPATE IN A NUMBER OF ACTIVITIES WHICH BENEFIT LOCAL, NATIONAL, AND INTERNATIONAL COMMUNITIES. THESE INCLUDE: -FUNDING A PORTION OF SALARIES FOR PATIENT NAVIGATORS TO ASSIST COMMUNITY PATIENTS IN OVERCOMING BARRIERS TO CANCER CARE; -PROVIDING SUPPORT PROGRAMS FOR PATIENTS, FAMILIES/CAREGIVERS AND THE PUBLIC. FOR EXAMPLE, THE FOUNDATION'S MONTHLY "CANCER CONNECTIONS" MEETING PROVIDES PATIENTS, CAREGIVERS AND FAMILY MEMBERS, AND THE PUBLIC AN OPPORTUNITY TO LEARN ABOUT LOCAL SUPPORT GROUPS, EDUCATIONAL PROGRAMS, WELLNESS ACTIVITIES AND COMMUNITY RESOURCES TO ASSIST PATIENTS IN THEIR CANCER JOURNEY; -PROVIDING HEALTH INFORMATION TO THE COMMUNITY: PHYSICIANS FROM ALMOST EVERY CLINICAL AREA AT THE FOUNDATION ARE FREQUENT SPEAKERS AT COMMUNITY EDUCATION EVENTS, AS WELL AS CONTRIBUTORS TO STRUCTURED EDUCATIONAL PROGRAMS. THE INTERNET HAS ALSO PROVIDED A FORUM FOR FOUNDATION PHYSICIANS TO COMMUNICATE HEALTH INFORMATION TO THE PUBLIC; -SUPPORTING IN-KIND CONTRIBUTION TO ORGANIZATIONS THAT BENEFIT THE COMMUNITY: THE FOUNDATION ENCOURAGES ITS EMPLOYEES TO BE ACTIVELY INVOLVED IN PROFESSIONAL ACTIVITIES, AND MANY OF THE PROFESSIONAL ORGANIZATIONS IN WHICH THE EMPLOYEES ARE INVOLVED SEEK TO IMPROVE PUBLIC HEALTH; -SPONSORING VARIOUS EVENTS (e.g., BAKE SALES) TO BENEFIT VARIOUS CHARITIES.
4b (Code:   ) (Expenses $ 55,433,189 including grants of $ 55,433,189 ) (Revenue $ 0 )
RESEARCH AND EDUCATION THE FOUNDATION IS COMMITTED TO THE MISSION OF ADVANCING THE BOUNDARIES OF MEDICAL SCIENCE AND CLINICAL PRACTICES THROUGH THE DISCOVERY, TRANSLATION, AND DISSEMINATION OF KNOWLEDGE IN CONJUNCTION WITH ITS ACADEMIC PARTNER, NORTHWESTERN UNIVERSITY FEINBERG SCHOOL OF MEDICINE (FSM). THE FOUNDATION ALSO IS COMMITTED TO TRAINING THE NEXT GENERATION OF HEALTHCARE PROVIDERS. THE FOUNDATION'S MEMBER PHYSICIANS ALSO SERVE AS FACULTY AT FSM AND PARTICIPATE IN A WIDE RANGE OF ACADEMIC ACTIVITIES INCLUDING TEACHING, RESEARCH, AND OTHER SCHOLARLY ACTIVITIES. FSM WAS RANKED BY U.S. NEWS AND WORLD REPORT AS BEING IN THE TOP TWENTY MEDICAL SCHOOLS IN THE NATION FOR RESEARCH. For the year ended August 31, 2012, the Foundation contributed $55.1 million to FSM directly and indirectly through Northwestern Foundation for Research and Education FOR THE PURPOSE OF DEVELOPING AND SUSTAINING MEDICAL EDUCATION PROGRAMS, ENHANCING BASIC AND APPLIED BIOMEDICAL RESEARCH, AND SUPPORTING OTHER RESEARCH AND EDUCATIONAL ACTIVITIES. IN PARTICULAR, FSM REPORTS THAT CONTRIBUTIONS FROM THE FOUNDATION: SUPPORTED THE RECRUITMENT AND RETENTION OF FACULTY INVESTIGATORS AND ACADEMIC LEADERS; PROVIDED FUNDING FOR CORE FACILITIES AND SERVICES FOR RESEARCH AND EDUCATION, INCLUDING THE CLINICAL AND TRANSLATIONAL SCIENCES INSTITUTE, CENTER FOR SIMULATION AND TECHNOLOGY AND IMMERSIVE LEARNING, ENTERPRISE DATA WAREHOUSE, AND THE CENTER FOR COMPARATIVE MEDICINE; ENABLED THE RENOVATION AND IMPROVEMENT OF PHYSICAL FACILITIES FOR RESEARCH AND EDUCATION; ESTABLISED THE INSTITUTE FOR PUBLIC HEALTH AND MEDICINE, WITH EMPHASIS ON HEALTH CARE QUALITY AND PATIENT CENTERED OUTCOMES; AND, PROVIDED FINANCIAL RESOURCES FOR THE GENERAL SUPPORT OF DEPARTMENT-BASED COSTS OF ACADEMIC AND RESEARCH ACTIVITIES, INCLUDING SALARIES OF FACULTY, GRADUATE STUDENTS, FELLOWS, AND RESEARCH STAFF.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$ 535,564,980
Form 990 (2011)
Form 990 (2011)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part II.........................
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part IClick to see attachment....................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
 
No
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II.. Click to see attachment
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III.. Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statement to this return? Note. All Form 990 filers that operated one or more hospitals must attach audited financial statements.
20b
 
 
Form 990 (2011)
Form 990 (2011)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................ Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I...... Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................ Click to see attachment
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II......................... Click to see attachment
26
Yes
 
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III......... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ......................... Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV................... Click to see attachment
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV.. Click to see attachment
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule MClick to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............ Click to see attachment
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2........... Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2011)
Form 990 (2011)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V .........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
195
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
2,379
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2011)
Form 990 (2011)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI .........
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
If the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
1a
32
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
6
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
Yes
 
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? .................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ............
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ..........
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? ....
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?
11a
 
No
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done ....................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes," to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
IL
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
BRIAN M WALSH
680 NORTH LAKE SHORE DRIVE STE 111
CHICAGO,IL60611
(312) 695-0141
Form 990 (2011)
Form 990 (2011)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII .........
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) ERIC G NEILSON MD
Chairman and CEO
 60.0 X   X       199,187 199,855 29,598
(2) James Adams MD
Director
 60.0 X           348,822 225,877 50,294
(3) H HUNTINGTON BATJER MD
Director
 60.0 X           1,033,186 116,215 65,609
(4) HOWARD CHRISMAN MD
Director
 60.0 X           638,141 1,010 37,951
(5) JOHN csernansky MD
Director
 60.0 X           223,020 265,890 44,384
(6) SHARON DOOLEY MD
Director
 60.0 X           371,077 119,598 35,748
(7) ROBERT KERN MD
Director
 60.0 X           588,962 234,773 72,099
(8) JOHN KESSLER MD
Director
 60.0 X           583,863 235,885 72,920
(9) BHARAT MITTAL MD
Director
 60.0 X           683,540 97,500 66,640
(10) WILLIAM MULLER MD
Director
 60.0 X           311,061 299,919 71,087
(11) AMY PALLER MD
Director
 60.0 X           519,116 133,065 73,256
(12) ERIC RUSSELL MD
Director
 60.0 X           894,610 119,271 58,749
(13) ANTHONY SCHAEFFER MD
Director
 60.0 X           451,164 365,775 61,699
(14) NATHANIEL SOPER MD
Director
 60.0 X           682,932 162,192 60,716
(15) MARIE CHRISTINE STOCK MD
Director
 60.0 X           686,184 1,008 54,657
(16) DOUGLAS VAUGHAN MD
Director
 60.0 X           457,055 273,073 67,335
(17) NICHOLAS VOLPE MD
Director
 60.0 X           421,996 162,789 55,359
Form 990 (2011)
Form 990 (2011)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) SERDAR BULUN MD
Director
 60.0 X           50,634 331,959 39,594
(19) JACK ROZENTAL MD
Director
 60.0 X           203,783 20,574 51,114
(20) TERRANCE PEABODY MD
Director
 60.0 X           160,547 63,162 27,400
(21) ROBERT SUFIT MD
Director
 60.0 X           193,168 62,907 37,819
(22) ROBERT FEDER MD
Director
 60.0 X           307,922 1,806 56,318
(23) JAMES CHANDLER MD
Director
 60.0 X           723,658 20,462 40,494
(24) WILLIAM GROBMAN MD
Director
 60.0 X           72,918 216,028 43,983
(25) JUDITH WOLFMAN MD
Director
 60.0 X           391,825 3,083 51,708
(26) DAVID MAHVI MD
Director
 60.0 X           445,308 71,517 59,676
(27) JONATHAN LICHT MD
Director
 60.0 X           180,186 390,973 61,113
(28) Gary Martin
Director
 60.0 X           147,286 197,854 61,860
(29) MALCOLM DECAMP MD
Director
 60.0 X           830,474 69,753 60,601
(30) CLYDE YANCY MD
Director
 60.0 X           153,635 412,625 41,839
(31) STEPHEN CRAWFORD
Independent Director
 1.0 X           4,850 0 0
(32) CHARLES GARDNER
Independent Director
 1.0 X           12,350 0 0
(33) J DOUGLAS GRAY
Independent Director
 1.0 X           6,650 0 0
(34) KATHY HANNAN
Independent Director
 1.0 X           0 0 0
(35) LLOYD MORGAN
Independent Director
 1.0 X           6,900 0 0
(36) JANE PIGOTT
Independent Director
 1.0 X           0 0 0
(37) DEAN HARRISON
Ex-Officio Director
 1.0 X           0 0 0
(38) NORMAN BOTSFORD
CHIEF OPERATING OFFICER
 60.0 X   X       155,000 0 0
(39) PHILLIP ROEMER MD
Chief Medical Officer
 60.0     X       297,623 3,000 55,760
(40) Brian m Walsh
CHIEF FINANCIAL OFFICER
 60.0     X       437,831 0 34,540
(41) Danae K Prousis
GENERAL COUNSEL
 60.0     X       568,688 0 33,040
(42) CARL CHRISTENSEN
CHIEF INFORMATION OFFICER
 60.0     X       432,986 0 3,628
(43) STEVEN ROSEN MD
PHYSICIAN
 60.0         X   277,460 840,294 56,312
(44) SIMON YOO MD
PHYSICIAN
 60.0         X   1,165,296 2,334 44,035
(45) MURAD ALAM MD
PHYSICIAN
 60.0         X   1,423,269 2,333 38,440
(46) PATRICK MCCARTHY MD
PHYSICIAN
 60.0         X   1,828,161 160,192 53,724
(47) THOMAS MUSTOE MD
PHYSICIAN
 60.0         X   1,018,689 109,168 58,159
(48) LISA ANASTOS
FORMER OFFICER
 60.0           X 322,006 0 2,366
(49) JEFFREY GLASSROTH
Former Chair and Officer
 60.0           X 1,034,838 265,749 54,891
(50) JAMES LARRY JAMESON
Former Chair
 60.0           X 171,151 372,500 52,158
(51) JAMES SCHROEDER
Former Officer
 60.0           X 517,293 163,532 59,217
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 22,636,301 6,795,500 2,157,890
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet793
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
RAGNER BENSON CONSTRUCTION
250 SOUTH NORTHWEST HIGHWAY
PARK RIDGE,IL60068 		CONSTRUCTION SERVICE 2,705,588
Winston Strawn LLP
35 WEST WACKER DRIVE
CHICAGO,IL60601 		LEGAL SERVICES 528,658
MIRAMED REVENUE GROUP
991 OAK CREEK DRIVE
LOMBARD,IL60148 		REVENUE CYCLE SRVC 382,689
MCDERMOTT WILL EMERY
227 WEST MONROE
CHICAGO,IL60606 		LEGAL SERVICES 337,268
ERNST YOUNG LLP
155 NORTH WACKER DRIVE
CHICAGO,IL60606 		AUDIT & TAX SERVICES 285,904
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet14
Form 990 (2011)
Form 990 (2011)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 9,345,000
f All other contributions, gifts, grants, and
similar amounts not included above1f 		26,172,000
g Noncash contributions included in lines 1a-1f:$ 5,750,000
h Total. Add lines 1a-1f.......MediumBullet 35,517,000
Program Service Revenue Business Code
2a PATIENT SERVICE REVENUE 621,110 505,004,000 505,004,000    
b RENTAL INCOME 532,000 507,000 507,000    
c OTHER REVENUE 621,110 64,749,072 64,749,072    
d DIAGNOSTIC IMAGING - THIRD PARTIES 621,110 1,997,000 1,997,000    
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 572,257,072
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 1,448,271   1,049,223 399,048
4 Income from investment of tax-exempt bond proceeds..MediumBullet 346     346
5 Royalties............MediumBullet 0      
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory   9,468,720
b Less: cost or other basis and sales expenses   9,910,500
c Gain or (loss)   -441,780
d Net gain or (loss)..........MediumBullet -441,780     -441,780
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 0
12 Total revenue. See Instructions....MediumBullet 608,780,909 572,257,072 1,049,223 -42,386
Form 990 (2011)
Form 990 (2011)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Check if Schedule O contains a response to any question in this Part IX. .........
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 55,433,189 55,433,189
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 0  
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 0  
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 17,075,277 13,859,707 3,215,570  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 1,212,864   1,212,864  
7 Other salaries and wages 261,476,936 241,574,305 19,902,631  
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 20,254,724 18,602,990 1,651,734  
9 Other employee benefits ....... 20,162,834 17,004,128 3,158,706  
10 Payroll taxes ........... 13,504,817 11,297,114 2,207,703  
11 Fees for services (non-employees):        
a Management ...... 1,133,373   1,133,373  
b Legal ......... 1,779,416 47,246 1,732,170  
c Accounting ........... 392,768   392,768  
d Lobbying ........... 0      
e Professional fundraising. See Part IV, line 17.. 0  
f Investment management fees ...... 90,584   90,584  
g Other .......... 26,984,118 21,871,873 5,112,245  
12 Advertising and promotion .... 319,631 314,021 5,610  
13 Office expenses ....... 7,595,306 4,712,175 2,883,131  
14 Information technology ...... 4,934,093 403,008 4,531,085  
15 Royalties .. 0      
16 Occupancy ........... 15,978,552 13,488,462 2,490,090  
17 Travel ............ 1,206,052 1,121,111 84,941  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 0      
20 Interest ........... 2,953,432 2,776,815 176,617  
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 10,418,303 6,051,070 4,367,233  
23 Insurance .............. 10,495,463 10,256,974 238,489  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24f. If line 24f amount exceeds 10% of line 25, column (A) amount, list line 24f expenses on Schedule O.)
a DRUGS AND MEDICAL SUPPLIES 77,835,025 76,745,312 1,089,713  
b PROVISION FOR BAD DEBT 35,692,328 35,692,328 0  
c UBIT EXPENSES 743,094   743,094  
d MISCELLANEOUS EXPENSES 5,197,649 4,313,152 884,497  
e
f All other expenses        
25 Total functional expenses. Add lines 1 through 24f 592,869,828 535,564,980 57,304,848 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2011)
Form 990 (2011)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 29,272,085 1 42,212,532
2 Savings and temporary cash investments ....... 72,029,938 2 85,521,548
3 Pledges and grants receivable, net ......... 19,991,661 3 15,444,029
4 Accounts receivable, net ......... 57,632,970 4 57,252,243
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L .......... 36,667 5 16,667
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L .......... 0 6 0
7 Notes and loans receivable, net ............. 3,103,894 7 4,138,797
8 Inventories for sale or use .............. 2,733,213 8 3,899,062
9 Prepaid expenses and deferred charges ............ 5,303,957 9 5,632,205
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 170,053,670
b Less: accumulated depreciation. ..... 10b 94,953,432 71,520,232 10c 75,100,238
11 Investments—publicly traded securities .......... 0 11 0
12 Investments—other securities. See Part IV, line 11 ...... 81,622,929 12 85,470,982
13 Investments—program-related. See Part IV, line 11 .. 121,062 13 151,381
14 Intangible assets ......... 0 14 2,170,121
15 Other assets. See Part IV, line 11 ........... 106,779,489 15 194,754,191
16 Total assets. Add lines 1 through 15 (must equal line 34)... 450,148,097 16 571,763,996
Liabilities 17 Accounts payable and accrued expenses . 57,401,351 17 65,131,474
18 Grants payable .......... 24,649,883 18 30,423,278
19 Deferred revenue .......... 0 19 0
20 Tax-exempt bond liabilities .......... 71,172,698 20 63,965,000
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 1,039,689 23 1,651,503
24 Unsecured notes and loans payable to unrelated third parties .... 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D..... 79,312,777 25 170,332,324
26 Total liabilities. Add lines 17 through 25..... 233,576,398 26 331,503,579
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 185,486,522 27 198,441,342
28 Temporarily restricted net assets ..... 31,085,177 28 41,819,075
29 Permanently restricted net assets ..... 0 29 0
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 216,571,699 33 240,260,417
34 Total liabilities and net assets/fund balances ..... 450,148,097 34 571,763,996
Form 990 (2011)
Form 990 (2011)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI .........
1
Total revenue (must equal Part VIII, column (A), line 12) ...
1
608,780,909
2
Total expenses (must equal Part IX, column (A), line 25) ....
2
592,869,828
3
Revenue less expenses. Subtract line 2 from line 1 ...
3
15,911,081
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
216,571,699
5
Other changes in net assets or fund balances (explain in Schedule O) ...
5
7,777,637
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) ....
6
240,260,417
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII .........
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?....
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O. ...........................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
 
No
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
 
 
Form 990 (2011)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Northwestern Medical Faculty
FOUNDATION
Employer identification number

36-3097297
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3..            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . 10,526,767 15,017,151 14,363,797 23,521,970 35,517,000 98,946,685
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... 465,454,273 501,009,070 536,910,335 545,752,642 572,257,072 2,621,383,392
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5. 475,981,040 516,026,221 551,274,132 569,274,612 607,774,072 2,720,330,077
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)           2,720,330,077
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
9 Amounts from line 6... 475,981,040 516,026,221 551,274,132 569,274,612 607,774,072 2,720,330,077
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 2,082,328 1,203,782 1,763,780 1,569,425 399,394 7,018,709
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.         895,396 895,396
c Add lines 10a and 10b. 2,082,328 1,203,782 1,763,780 1,569,425 1,294,790 7,914,105
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.). 478,063,368 517,230,003 553,037,912 570,844,037 609,068,862 2,728,244,182
14
Section C. Computation of Public Support Percentage
15
15
99.710 %
16
16
98.870 %
Section D. Computation of Investment Income Percentage
17
17
0.290 %
18
18
1.130 %
19a
b
20
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2011

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2011
Name of organization
Northwestern Medical Faculty
FOUNDATION
Employer identification number

36-3097297
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2, of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 2
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
Northwestern Medical Faculty
FOUNDATION 		Employer identification number

36-3097297
Part I
Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 3
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
Northwestern Medical Faculty
FOUNDATION 		Employer identification number

36-3097297
Part II
Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 4
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
Northwestern Medical Faculty
FOUNDATION 		Employer identification number

36-3097297
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
Use duplicate copies of Part III if additional space is needed
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Northwestern Medical Faculty
FOUNDATION
Employer identification number

36-3097297
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958), relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance ....        
b Contributions ........        
c Net investment earnings, gains, and losses ...        
d Grants or scholarships .....        
e Other expenditures for facilities
and programs ........ 		       
f Administrative expenses ....        
g End of year balance ......        
2
Provide the estimated percentage of the year end balance (line 1g) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   1,314,716 1,314,716
b Buildings ................   83,300,681 40,492,974 42,807,707
c Leasehold improvements ............   22,887,479 8,997,077 13,890,402
d Equipment ................   54,260,784 41,839,660 12,421,124
e Other .................   8,290,010 3,623,721 4,666,289
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 75,100,238
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) CFI CORE EQUITY FUND 		5,115,917 F

(B) CFI GLOBAL BOND FUND 		1,429,750 F

(C) CFI HIGH QUALITY BOND FUND 		22,750,575 F

(D) CFI INTERNATIONAL EQUITY FUND 		5,432,667 F

(E) CFI REAL RETURN FUND 		1,815,918 F

(F) SSGA GLOBAL NATURAL RESOURCE 		1,134,866 F

(G) SSGA MSCI EMERGING MARKET FUND 		9,851,228 F

(H) SSGA DOW JONES UBS COMMODITY 		4,653,969 F

(I) STRATEGIC SOLUTION EQUITY FUND 		5,925,198 F

(J) SSG RELATIVE VALUE EVENT A01 		1,544,353 F

(K) SSG RELATIVE VALUE EVENT A20 		16,593 F

(L) REALTY INVESTORS 2002-06 		575,059 F

(M) REALTY INVESTORS 2005-12 		57,673 F

(N) GLOBAL DISTRESSED PARTNERS III 		1,373,059 F

(O) DISTRESSED PARTNERS II 		702,611 F

(P) VENTURE PARTNERS VII 		970,926 F

(Q) VENTURE PARTNERS VIII 		813,822 F

(R) INT PRIVATE EQUITY PARTNERS V 		890,125 F

(S) INT PRIVATE EQUITY PARTNERS VI 		591,773 F

(T) PRIVATE EQUITY PARTNERS VI 		862,994 F

(U) PRIVATE EQUITY PARTNERS VII 		527,228 F

(V) NATURAL RESOURCES VI 		2,113,997 F

(W) NATURAL RESOURCES VII 		812,580 F

(X) STATE ST. INSTITUTIONAL MKT FD 		706,314 F

(Y) TOTAL BOND MARKET INDEX FUND 		630,000 F

(Z) INFLATION-PROTECTED SECURITIES 		630,000 F

(AA) TOTAL STOCK MARKET INDEX FUND 		3,220,000 F

(AB) REIT INDEX FUND INST (VGSNX) 		1,260,000 F

(AC) TOTAL INTL. STOCK INDEX 		1,260,000 F

(AD) CFI ALL CAP FUND 		7,801,787 F
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 85,470,982
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1) TRUSTEE-HELD FUNDS 7,808
(2) OTHER ACCOUNTS RECEIVABLE 13,032,541
(3) DEFERRED COMPENSATION PROGRAM 8,152,936
(4) INSURANCE PROGRAM ASSETS 90,925,906
(5) INSURANCE RECOVERABLES 82,635,000




Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 194,754,191
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Book value
Federal Income Taxes 0
ACCOUNTS PAYABLE DUE TO NU 1,696,681
DEFERRED COMPENSATION PROGRAM LIAB 8,244,229
INSURANCE PROGRAM LIABILITIES 66,385,309
DEFERRED RENT & LEASE INCENTIVE 9,958,965
OTHER NON-CURRENT LIABILITIES 1,412,140
ACCRUED LOSSES INSURANCE RECOVERY 82,635,000



Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 170,332,324
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1  
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2  
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3  
4 Net unrealized gains (losses) on investments .......................... 4  
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV.) ................................. 8  
9 Total adjustments (net). Add lines 4 through 8 ......................... 9  
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10  
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV.) ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total Revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV.) ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV.) ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
SUPPLEMENTAL INFORMATION SCHEDULE D, PART XIV THE FOUNDATION ROUTINELY ASSESSES UNCERTAIN TAX POSITIONS TO DETERMINE WHETHER, BASED ON THE TECHNICAL MERITS, SUCH POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR POSITIONS THAT FAIL TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD THE FOUNDATION ESTIMATES AND RECORDS THE AMOUNT OF THE POTENTIAL TAX LIABILITY, INCLUDING TAXES, INTEREST, AND PENALTIES. WHERE MATERIAL, RELATED AMOUNTS ARE DISCLOSED.
Schedule D (Form 990) 2011

Additional Data


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Software Version:  




SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Northwestern Medical Faculty
FOUNDATION
Employer identification number

36-3097297
Part I
General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants
and other assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? ..............................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other
assistance outside the United States.
3
Activites per Region. (Use Part V if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees or agents in region or independent contractors (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total
expenditures for region/investments
in region
Central America and the Caribbean     Investments ENDING BALANCE 3,376,864
Central America and the Caribbean     Program Services INSURANCE 19,357,812
           
           
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total .....     22,734,676
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b)     22,734,676
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,
Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet
Use Part V if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2
Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .....MediumBullet
 
3
Enter total number of other organizations or entities ........................MediumBullet
 
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Use Part V if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................
2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 5
Part V
Supplemental Information
Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
Identifier ReturnReference Explanation
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2011
Additional Data


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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Northwestern Medical Faculty
FOUNDATION
Employer identification number
36-3097297
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) NORTHWESTERN UNIVERSITY333 EAST SUPERIOR ST
Chicago,IL60611 		36-2167817 501(C)(3) 20,314,216       PROVISION FOR RESEARCH & EDUCATION
(2) NORTHWESTERN UNIVERSITY333 EAST SUPERIOR ST
CHICAGO,IL60611 		36-2167817 501(C)(3) 27,145,221       Research and academic
(3) MCGAW MEDICAL CENTER OF NORTHWESTERN UNIVER420 EAST SUPERIOR ST
CHICAGO,IL60611 		36-2656113 501(C)(3) 273,752       GENERAL MEDICAL EDUCATION SUPPORT
(4) NORTHWESTERN FDN FOR RESEARCH & EDUCATION680 NORTH LAKE SHORE DRIVE
CHICAGO,IL60611 		36-4093385 501(C)(3) 7,700,000       PROVISION FOR RESEARCH & EDUCATION
















2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
3
3
Enter total number of other organizations listed in the line 1 table ......................... . Bullet Image
0
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2011

Schedule I (Form 990) 2011
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
FORM 990, SCHEDULE I DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS THE FOUNDATION REQUIRES NORTHWESTERN UNIVERSITY'S FEINBERG SCHOOL OF MEDICINE TO PROVIDE AN ANNUAL ACCOUNTING OF EXPENDITURES MADE AND ACTIVITIES SUPPORTED USING GRANTS AND CONTRIBUTIONS PROVIDED BY THE FOUNDATION (I.E., PROVISION FOR RESEARCH AND EDUCATION AND RESEARCH AND ACADEMIC PROGRAM SUPPORT AMOUNTS). GRANTS AND CONTRIBUTIONS MADE TO MCGAW MEDICAL CENTER ARE PAID ON THE BASIS OF PERIODIC INVOICES AND SUPPORT STIPENDS AND BENEFITS FOR MEDICAL RESIDENTS AND FELLOWS.
Schedule I (Form 990) 2011


Additional Data


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Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Northwestern Medical Faculty
FOUNDATION
Employer identification number

36-3097297
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all the expenses described above? If "No," complete Part III to explain....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
 
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
Yes
 
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
Yes
 
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
Yes
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2011

Schedule J (Form 990) 2011
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and column (E) for that individual.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) ERIC G NEILSON MD (i)
(ii)		 82,080
199,327 		100,000
0 		17,107
528 		24,000
0 		5,491
107 		228,678
199,962 		0
0
(2) James Adams MD (i)
(ii)		 223,462
225,517 		125,000
0 		360
360 		29,400
11,182 		8,809
903 		387,031
237,962 		0
0
(3) H HUNTINGTON BATJER MD (i)
(ii)		 906,921
108,899 		100,267
0 		25,998
7,316 		29,400
11,469 		23,952
794 		1,086,538
128,478 		0
0
(4) HOWARD CHRISMAN MD (i)
(ii)		 422,600
959 		198,718
0 		16,823
51 		29,400
101 		8,447
3 		675,988
1,114 		0
0
(5) JOHN csernansky MD (i)
(ii)		 106,282
259,083 		110,000
0 		6,738
6,807 		15,454
5,775 		22,002
1,153 		260,476
272,818 		0
0
(6) SHARON DOOLEY MD (i)
(ii)		 244,407
87,916 		125,000
0 		1,670
31,682 		25,105
5,399 		3,978
1,266 		400,160
126,263 		0
0
(7) ROBERT KERN MD (i)
(ii)		 376,153
234,221 		190,000
0 		22,809
552 		29,400
11,612 		30,091
996 		648,453
247,381 		0
0
(8) JOHN KESSLER MD (i)
(ii)		 235,140
234,170 		323,065
0 		25,658
1,715 		29,400
11,574 		30,796
1,150 		644,059
248,609 		0
0
(9) BHARAT MITTAL MD (i)
(ii)		 537,208
92,625 		140,000
0 		6,332
4,875 		29,400
9,750 		27,065
425 		740,005
107,675 		0
0
(10) WILLIAM MULLER MD (i)
(ii)		 144,187
299,919 		160,000
0 		6,874
0 		29,400
12,250 		28,540
897 		369,001
313,066 		0
0
(11) AMY PALLER MD (i)
(ii)		 321,274
125,556 		180,000
0 		17,842
7,509 		29,400
13,123 		30,412
321 		578,928
146,509 		0
0
(12) ERIC RUSSELL MD (i)
(ii)		 560,249
111,803 		325,000
0 		9,361
7,468 		29,400
11,769 		16,707
873 		940,717
131,913 		0
0
(13) ANTHONY SCHAEFFER MD (i)
(ii)		 205,512
364,060 		220,000
0 		25,652
1,715 		29,400
12,250 		18,796
1,253 		499,360
379,278 		0
0
(14) NATHANIEL SOPER MD (i)
(ii)		 524,300
154,445 		135,000
0 		23,632
7,747 		29,400
6,715 		23,683
918 		736,015
169,825 		0
0
(15) MARIE CHRISTINE STOCK MD (i)
(ii)		 440,362
958 		223,022
0 		22,800
50 		29,400
101 		25,150
6 		740,734
1,115 		0
0
(16) DOUGLAS VAUGHAN MD (i)
(ii)		 387,765
239,790 		62,500
0 		6,790
33,283 		29,400
8,928 		27,893
1,114 		514,348
283,115 		0
0
(17) NICHOLAS VOLPE MD (i)
(ii)		 346,528
143,525 		75,000
0 		468
19,264 		29,400
6,875 		18,373
711 		469,769
170,375 		0
0
(18) SERDAR BULUN MD (i)
(ii)		 29,039
294,117 		20,933
0 		662
37,842 		3,710
12,250 		22,638
996 		76,982
345,205 		0
0
(19) JACK ROZENTAL MD (i)
(ii)		 159,062
19,545 		27,000
0 		17,721
1,029 		25,298
2,057 		23,609
150 		252,690
22,781 		0
0
(20) TERRANCE PEABODY MD (i)
(ii)		 160,153
62,978 		0
0 		394
184 		19,443
0 		7,850
107 		187,840
63,269 		0
0
(21) ROBERT SUFIT MD (i)
(ii)		 122,910
58,990 		34,000
0 		36,258
3,917 		23,208
6,210 		7,948
453 		224,324
69,570 		0
0
(22) ROBERT FEDER MD (i)
(ii)		 218,363
1,578 		50,122
0 		39,437
228 		29,400
457 		26,447
14 		363,769
2,277 		0
0
(23) JAMES CHANDLER MD (i)
(ii)		 528,227
19,439 		195,000
0 		431
1,023 		29,400
2,046 		9,038
10 		762,096
22,518 		0
0
(24) WILLIAM GROBMAN MD (i)
(ii)		 48,256
203,443 		19,937
0 		4,725
12,585 		10,081
10,783 		22,359
760 		105,358
227,571 		0
0
(25) JUDITH WOLFMAN MD (i)
(ii)		 301,017
2,929 		50,589
0 		40,219
154 		29,400
308 		21,993
7 		443,218
3,398 		0
0
(26) DAVID MAHVI MD (i)
(ii)		 371,943
67,941 		50,000
0 		23,365
3,576 		29,400
7,152 		23,060
64 		497,768
78,733 		0
0
(27) JONATHAN LICHT MD (i)
(ii)		 126,448
373,921 		47,520
0 		6,218
17,052 		19,901
12,250 		27,966
996 		228,053
404,219 		0
0
(28) Gary Martin (i)
(ii)		 101,417
186,874 		41,814
0 		4,055
10,980 		18,304
19,897 		22,602
1,057 		188,192
218,808 		0
0
(29) MALCOLM DECAMP MD (i)
(ii)		 708,807
66,265 		50,000
0 		71,667
3,488 		29,400
6,975 		23,952
274 		883,826
77,002 		0
0
(30) CLYDE YANCY MD (i)
(ii)		 112,828
357,785 		37,500
0 		3,307
54,840 		16,536
11,594 		12,796
913 		182,967
425,132 		0
0
(31) PHILLIP ROEMER MD (i)
(ii)		 230,895
2,850 		61,226
0 		5,502
150 		29,400
300 		26,055
5 		353,078
3,305 		0
0
(32) Brian m Walsh (i)
(ii)		 261,160
0 		145,000
0 		31,671
0 		24,500
0 		10,040
0 		472,371
0 		0
0
(33) Danae K Prousis (i)
(ii)		 342,500
0 		225,000
0 		1,188
0 		24,500
0 		8,540
0 		601,728
0 		0
0
(34) CARL CHRISTENSEN (i)
(ii)		 332,572
0 		100,000
0 		414
0 		0
0 		3,628
0 		436,614
0 		0
0
(35) NORMAN BOTSFORD (i)
(ii)		 155,000
0 		0
0 		0
0 		0
0 		0
0 		155,000
0 		0
0
(36) STEVEN ROSEN MD (i)
(ii)		 145,670
822,762 		125,000
0 		6,790
17,532 		18,957
12,250 		23,952
1,153 		320,369
853,697 		0
0
(37) SIMON YOO MD (i)
(ii)		 337,764
2,217 		827,362
0 		170
117 		29,400
233 		14,387
15 		1,209,083
2,582 		0
0
(38) MURAD ALAM MD (i)
(ii)		 329,369
2,310 		1,077,261
0 		16,639
23 		29,400
140 		8,884
16 		1,461,553
2,489 		0
0
(39) PATRICK MCCARTHY MD (i)
(ii)		 1,164,580
152,514 		640,000
0 		23,581
7,678 		29,400
6,646 		16,617
1,061 		1,874,178
167,899 		0
0
(40) THOMAS MUSTOE MD (i)
(ii)		 689,815
104,169 		315,000
0 		13,874
4,999 		29,400
4,799 		23,683
277 		1,071,772
114,244 		0
0
(41) LISA ANASTOS (i)
(ii)		 321,803
0 		0
0 		203
0 		0
0 		2,366
0 		324,372
0 		0
0
(42) JEFFREY GLASSROTH (i)
(ii)		 299,120
265,749 		708,333
0 		27,385
0 		27,458
10,312 		2,439
14,682 		1,064,735
290,743 		0
0
(43) JAMES LARRY JAMESON (i)
(ii)		 148,230
363,359 		0
0 		22,921
9,141 		18,085
21,582 		11,914
577 		201,150
394,659 		0
0
(44) JAMES SCHROEDER (i)
(ii)		 143,040
154,375 		67,695
0 		306,558
9,157 		0
0 		0
0 		517,293
163,532 		0
0
Schedule J (Form 990) 2011

Schedule J (Form 990) 2011
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
Supplemental Compensation Information Schedule J, Part I, Line 4a DR. JAMES SCHROEDER RECEIVED SEVERANCE PAYMENTS TOTALING $288,755 FROM THE ORGANIZATION.
SUPPLEMENTAL COMPENSATION INFORMATION SCHEDULE J, PART I, LINE 4C DURING THE PERIOD FROM DECEMBER 31, 1999 TO NOVEMBER 30, 2001, THE FOUNDATION SPONSORED A NONQUALIFIED, DISCRETIONARY DEFERRED COMPENSATION PLAN FOR CERTAIN EMPLOYEES. THIS PLAN ALLOWED PARTICIPANTS TO FORGO CERTAIN COMPENSATION AMOUNTS IN FAVOR OF A TEN-YEAR DEFERRED COMPENSATION OPTION. UNDER TERMS OF THE PROGRAM, PARTICIPANTS DIRECT THE INVESTMENT OF THEIR COMPENSATION DEFERRALS PLUS A 33% MATCHING AMOUNT PROVIDED BY THE FOUNDATION. PARTICIPANTS ARE ENTITLED TO THE CUMULATIVE NET EARNINGS REALIZED THROUGH INVESTMENT OF THESE FUNDS DURING THE OPTION PERIOD. TO RECEIVE PROCEEDS UNDER THE ARRANGEMENT, PARTICIPANTS MUST PAY AN EXERCISE PRICE EQUAL TO THE 33% MATCHING AMOUNT CONTRIBUTED BY THE FOUNDATION. THE FOLLOWING PARTICIPANTS RECEIVED PAYMENTS UNDER THE PROGRAM DURING THE REPORTING PERIOD: -H. Huntington Batjer, MD.... $268 -John Kessler, MD.............$85,065 -Marie CHRISTINE Stock, MD....$73,022 -JAMES SCHROEDER..............$67,695 -BRIAN M. WALSH...............$258 THESE PAYMENTS ARE INCLUDED WITHIN COMPENSATION SHOWN IN SCHEDULE J, PART II.
Supplemental Compensation Information Schedule J, Part I, Line 5a A LIMITED NUMBER OF PHYSICIANS EMPLOYED BY THE FOUNDATION RECEIVE COMPENSATION IN PART BASED UPON REVENUES GENERATED BY THEIR PERSONALLY PROVIDED CLINICAL SERVICES.
Supplemental Compensation Information SCHEDULE J, PART I, LINE 7 THE COMPENSATION COMMITTEE MAKES DECISIONS ON CERTAIN NON-FIXED PAYMENTS SUCH AS INCENTIVE COMPENSATION. SEE SCHEDULE O FOR DETAILED DESCRIPTION OF THE COMPENSATION COMMITTEE PROCESS. Schedule J, Part I, Line 8 PHYSICIANS WHOSE COMPENSATION IS REPORTED IN FORM 990, PART VII RECEIVED COMPENSATION PURSUANT TO TERMS THAT WERE FIXED IN CONTRACTS EXECUTED AT THE TIME OF THEIR RECRUITMENT TO THE FOUNDATION. IN EACH CASE, THE FOUNDATION FOLLOWED THE REBUTTABLE PRESUMPTION PROCEDURE DESCRIBED IN REGULATIONS SECTION 53.4958-6(C) IN APPROVING THEIR COMPENSATION.
Schedule J (Form 990) 2011

Additional Data


Software ID:  
Software Version:  
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Northwestern Medical Faculty
FOUNDATION
Employer identification number
36-3097297
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A ILLINOIS FINANCE AUTHORITY
  		86-1091967 111111111 04-23-2012 63,965,000 REFUNDING OF 1998 BONDS   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . 63,452,252      
2 Amount of bonds legally defeased . . . . . . . . . . 0      
3 Total proceeds of issue . . . . . . . . . . . . . 63,965,000      
4 Gross proceeds in reserve funds . . . . . . . . 0      
5 Capitalized interest from proceeds . . . . . . . . . . 0      
6 Proceeds in refunding escrows . . . . . . . . . . . 0      
7 Issuance costs from proceeds . . . . . . . . . . . 512,748      
8 Credit enhancement from proceeds . . . . . . . . . . 0      
9 Working capital expenditures from proceeds . . . . . . . 0      
10 Capital expenditures from proceeds . . . . . . . . . . 0      
11 Other spent proceeds . . . . . . . . . . . 0      
12 Other unspent proceeds . . . . . . . . . . . 0      
13 Year of substantial completion . . . . . . . . . . . 2012
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . X              
15 Were the bonds issued as part of an advance refunding issue? . . . .   X            
16 Has the final allocation of proceeds been made? . . . . . . X              
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . X              
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X            
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . . X              
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2011
Schedule K (Form 990) 2011
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . X              
b If ‘Yes’ to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . . X              
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . X              
d If ‘Yes’ to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? . X              
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0%   %   %   %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0.00000%   %   %   %
6 Total of lines 4 and 5 . . .. . . . . . . . . 0%   %   %   %
7 Does the bond issue meet the private security or payment test? . . .   X            
8 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
  X            
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . .   X            
2 Is the bond issue a variable rate issue? X              
3a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X            
b Name of provider . . . . . . . . 0
  		 
  		 
  		 
 
c Term of hedge . . . . . . . .        
d Was the hedge superintegrated? . . . .                
e Was a hedge terminated? . . . . .                
4a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . .   X            
b Name of provider . . . . . . 0
  		 
  		 
  		 
 
c Term of GIC . . . . . . .        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . .                
5 Were any gross proceeds invested beyond an available temporary period? . . . . . .   X            
6 Did the bond issue qualify for an exception to rebate? . X              
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X              
Schedule K (Form 990) 2011

Schedule K (Form 990) 2011
Page 3
Part V
Procedures To Undertake Corrective Action
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? . . . . . . . . . . . . . .
Part VI
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
Schedule K (Form 990) 2011

Additional Data


Software ID:  
Software Version:  

Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V lines 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBulletSee separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Northwestern Medical Faculty
FOUNDATION
Employer identification number

36-3097297
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501 (c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Description of transaction (c) Corrected?
Yes No





2
Enter the amount of tax imposed on the organization managers or disqualified persons during the year under section 4958. ......................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.
(a) Name of interested person and purpose (b) Loan to or from the organization? (c)Original principal amount (d)Balance due (e) In default? (f) Approved by board or committee? (g)Written agreement?
To From Yes No Yes No Yes No
(1) DAVID MAHVI RECRUIT
  		  X 100,000 16,667   No   No Yes  
Total ...............Small Bullet $ 16,667
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b)Relationship between interested person and the organization (c)Amount of grant or type of assistance
For Privacy Act and Paperwork Reduction Act Notice, see the
Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2011
Schedule L (Form 990 or 990-EZ) 2011
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
LOAN TO DIRECTOR PRIOR TO HIS DIRECTORSHIP SCHEDULE L, PART II DR. DAVID MAHVI'S RECRUITMENT AGREEMENT WITH NORTHWESTERN MEDICAL FACULTY FOUNDATION INCLUDES A LOAN. DR. MAHVI IS A MEMBER OF THE BOARD OF DIRECTORS AND AN EMPLOYED PHYSICIAN. THIS ARRANGEMENT WAS PART OF A RECRUITMENT PACKAGE MADE IN ACCORDANCE WITH FOUNDATION'S COMPENSATION COMMITTEE POLICIES AND PROCEDURES, AND WAS EXECUTED BEFORE THE PHYSICIAN WAS APPOINTED AS A DIRECTOR.
Schedule L (Form 990 or 990-EZ) 2011

Additional Data


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SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
NonCash Contributions
Right pointing arrow large imageComplete if the organization answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Northwestern Medical Faculty
FOUNDATION
Employer identification number

36-3097297
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of Contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art ....        
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded .        
10 Securities—Closely held stock . X 2,400 5,250,000 other
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( )
26 Other Right pointing arrow large image( )
27 Other Right pointing arrow large image( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
 
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
 
No
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ............................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) 2011
Schedule M (Form 990) 2011
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33 and whether the organization is reporting in Part I, column (b) the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Identifier Return Reference Explanation
Supplemental Information Schedule M, Part I, Line 10 ON September 23, 2011, the Foundation accepted assignment of common stock representing non-controlling interests in two commercial ventures as part of the settlement of an estate for which the Foundation was a beneficiary.
Schedule M (Form 990) 2011
Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Northwestern Medical Faculty
FOUNDATION
Employer identification number

36-3097297
Identifier Return Reference Explanation
Supplemental Information FORM 990, PART V, LINE 2A THE AMOUNT DISCLOSED REFLECTS THE NUMBER OF W-2'S ISSUED BY NORTHWESTERN MEDICAL FACULTY FOUNDATION DIRECTLY, AS WELL AS THOSE ISSUED BY NORTHWESTERN UNIVERSITY TO JOINT EMPLOYEES WHO ARE PAID THROUGH A COMMON PAYMASTER.
DELEGATION OF MANAGEMENT DUTIES FORM 990, PART VI, LINE 3 DURING FISCAL YEAR 2012, THE FOUNDATION RETAINED NORMAN A. BOTSFORD TO PROVIDE SERVICES AS INTERIM SENIOR VICE PRESIDENT AND CHIEF OPERATING OFFICER. ADDITIONALLY, DURING FISCAL YEAR 2012, THE FOUNDATION ENGAGED BEACON PARTNERS TO OVERSEE BILLING AND COLLECTION FUNCTIONS AND EASTWICK STRATEGY GROUP TO OVERSEE HUMAN RESOURCES FUNCTIONS.
DESCRIBE THE CLASS(ES) OF MEMBERS OR STOCKHOLDERS FORM 990, PART VI, LINE 6 THE FOUNDATION IS ORGANIZED UNDER THE ILLINOIS GENERAL NOT FOR PROFIT CORPORATION ACT AND HAS MEMBERS WHO ARE FACULTY MEMBERS OF THE NORTHWESTERN UNIVERSITY FEINBERG SCHOOL OF MEDICINE.
DESCRIPTION OF CLASSES OF PERSONS AND THE NATURE OF THEIR RIGHTS FORM 990, PART VI, LINE 7A UNDER THE FOUNDATION'S BYLAWS, MEMBERS OF THE FOUNDATION HAVE THE RIGHT TO ELECT AT-LARGE DIRECTORS OF THE BOARD AT THE ANNUAL MEETING OF THE MEMBERS.
DESCR CLASSES OF PERSONS, DECISIONS REQUIRING APPR & TYPE OF VOTING RIGHTS FORM 990, PART VI, LINE 7B UNDER THE FOUNDATION'S BYLAWS, MEMBERS OF THE FOUNDATION HAVE THE RIGHT TO VOTE TO AMEND OR REPEAL THE BYLAWS AND TO ALTER THE AMOUNT OF THE CONTRIBUTIONS TO THE DEAN'S EDUCATION-RESEARCH FUND OF THE FEINBERG SCHOOL OF MEDICINE.
DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 FORM 990, PART VI, LINE 11 THE FOUNDATION'S BOARD OF DIRECTORS, THROUGH A POLICY ADOPTED BY THE BOARD, HAS DELEGATED TO THE COMPLIANCE AND AUDIT COMMITTEE RESPONSIBILITY FOR REVIEWING FORM 990 PRIOR TO FILING WITH THE IRS. THE COMPLIANCE AND AUDIT COMMITTEE RECEIVED FORM 990 (INCLUDING REQUIRED SCHEDULES) ON JULY 5, 2013, AND MET WITH MANAGEMENT ON JULY 10, 2013 TO REVIEW AND DISCUSS FORM 990 PRIOR TO FILING.
DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICT OF INTEREST FORM 990, PART VI, LINE 12C IN ACCORDANCE WITH ITS CONFLICT OF INTEREST POLICY, THE FOUNDATION CONDUCTS AN ANNUAL SURVEY OF INTERESTS OF THE MEMBERS OF THE BOARD OF DIRECTORS; MEMBERS OF BOARD COMMITTEES; OFFICERS; PHYSICIANS MEMBERS; PHYSICIAN CONSULTANTS; MANAGEMENT; THE INTERNAL AUDITOR; AND, THOSE INVOLVED IN PROCUREMENT ACTIVITIES. IN ADDITION TO COMPLETING THE ANNUAL SURVEY, INDIVIDUALS SUBJECT TO THE POLICY ARE REQUIRED TO UPDATE THEIR SURVEY RESPONSES THROUGHOUT THE YEAR. ALL ANNUAL RESPONSES ARE REVIEWED BY THE FOUNDATION'S GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER. ADDITIONALLY, THE FOUNDATION'S CLINICAL DEPARTMENT CHAIRMAN AND/OR DIVISION CHIEFS REVIEW THE ANNUAL SURVEY RESPONSES FOR THE PHYSICIANS IN THEIR DEPARTMENTS. FURTHER, THE COMPLIANCE AND AUDIT COMMITTEE REVIEWS THE ANNUAL SURVEY RESPONSES OF ALL MEMBERS OF THE BOARD OF DIRECTORS; MEMBERS OF BOARD COMMITTEES; OFFICERS; EXECUTIVE MANAGEMENT; AND, THE INTERNAL AUDITOR. THE COMPLIANCE AND AUDIT COMMITTEE ALSO RECEIVES AND REVIEWS A SUMMARY REPORT OF ANNUAL SURVEY RESPONSES FROM ALL OTHER RESPONDENTS. WHEN DEEMED NECESSARY AND APPROPRIATE, CONFLICT MANAGEMENT PLANS ARE DEVELOPED AND IMPLEMENTED FOR SELECT RESPONDENTS. THE FOUNDATION'S POLICY ALLOWS FOR PENALTIES FOR INDIVIDUALS REFUSING TO COOPERATE IN THE ANNUAL CONFLICT OF INTEREST SURVEY PROCESS.
PROCESS FOR DETERMINING COMPENSATION FOR CEO, AND OTHER OFFICERS FORM 990, PART VI, LINES 15A & 15B THE COMPENSATION COMMITTEE OF THE NORTHWESTERN MEDICAL FACULTY FOUNDATION IS A COMMITTEE OF THE BOARD OF DIRECTORS WHOSE VOTING MEMBERS ARE ALL OUTSIDE DIRECTORS. THE COMMITTEE OPERATES PURSUANT TO A COMPENSATION COMMITTEE CHARTER AND AN EXECUTIVE LEADERSHIP COMPENSATION PHILOSOPHY AND STRATEGY, BOTH APPROVED BY THE COMMITTEE AND THE BOARD OF DIRECTORS. THE CHARTER DELEGATES OVERSIGHT OF EXECUTIVE LEADERSHIP COMPENSATION TO THE COMMITTEE. THE COMMITTEE IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF ALL COMPENSATION AND BENEFITS PROVIDED BY THE FOUNDATION TO EXECUTIVES, PHYSICIANS WHO ARE "POTENTIALLY DISQUALIFIED PERSONS", AND OTHER PHYSICIAN EMPLOYEES WHO MEET CRITERIA ESTABLISHED BY THE COMMITTEE. THE COMMITTEE RECOGNIZES THE RESPONSIBILITY TO ENSURE THAT ITS EXECUTIVE LEADERSHIP COMPENSATION PROGRAM IS IN FULL COMPLIANCE WITH ALL APPLICABLE LAWS; THAT IT IS APPROPRIATE IN VIEW OF THE FOUNDATION'S PURPOSES, MISSION, AND TAX-EXEMPT STATUS; AND, THAT TOTAL COMPENSATION LEVELS ARE REASONABLE AND NOT EXCESSIVE. THE COMMITTEE, PRIOR TO MAKING COMPENSATION DECISIONS WITH RESPECT TO EXECUTIVE LEADERSHIP AND OTHER DISQUALIFIED PERSONS, OBTAINS AND RELIES UPON APPROPRIATE COMPARABILITY DATA TO SUPPORT ITS DECISION-MAKING PROCESS. THE COMMITTEE'S DECISION-MAKING PROCESS AND MEETINGS ARE THOROUGHLY DOCUMENTED IN OFFICIAL MINUTES ON A TIMELY BASIS. THE COMMITTEE ENGAGES OUTSIDE INDEPENDENT LEGAL COUNSEL AND OUTSIDE INDEPENDENT COMPENSATION CONSULTANTS TO ASSIST THE COMMITTEE IN ITS DECISION-MAKING PROCESS. NO MEMBER OF THE COMMITTEE HAS ANY CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENTS COMING BEFORE THE COMMITTEE.
AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLIC FORM 990, PART VI, LINE 19 THE FOUNDATION MAKES AVAILABLE TO THE PUBLIC BOTH THE CONFLICT OF INTEREST POLICY AND PHYSICIAN RESPONSES TO THE ANNUAL CONFLICT OF INTEREST SURVEY. IN ACCORDANCE WITH LAW, THE FOUNDATION MAKES AVAILABLE ITS FORM 990 AND FORM 990-T TO THE PUBLIC. HOURS WORKED FOR RELATED ORGANIZATIONS FORM 990, PART VII, SECTION A THE TOTAL 60 HOURS REPORTED AS WORKED INCLUDES HOURS WORKED FOR BOTH THE FOUNDATION AND RELATED ORGANIZATIONS.
RECONILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 LOSS ON REFINANCING ($2,377,267) UNREALIZED GAINS ON TRADING SECURITIES 1,766,105 UNREALIZED EARNINGS ON ALTERNATIVE INVESTMENTS 1,214,941 UNREALIZED EARNINGS ON INSURANCE PROGRAM ASSETS 5,573,858 UNREALIZED EARNINGS ON RESTRICTED ASSETS 1,600,000 ============= OTHER CHANGES IN NET ASSETS $7,777,637
TAX-EXEMPT BOND MONITORING SCHEDULE K, PART III, LINE 7 MANAGEMENT PLANS TO ADOPT WRITTEN POLICIES AND PROCEDURES FOR ENSURING POST-ISSUANCE COMPLIANCE OF TAX-EXEMPT BOND LIABILITIES DURING FISCAL YEAR 2014. SCHEDULE K, PART V IN FY2014, MANAGEMENT PLANS TO ESTABLISH WRITTEN PROCEDURES FOR ENSURING THAT VIOLATIONS TO FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IN CASES WHERE SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2011

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SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Northwestern Medical Faculty
FOUNDATION
Employer identification number

36-3097297
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity

















Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No
(1) NORTHWESTERN UNIVERSITY FEINBERG SCHOOL

420 EAST SUPERIOR STREET

CHICAGO,IL60611
36-2167817 		EDUCATION IL 501(C)(3) 2 NA
 
 
No
(2) NORTHWESTERN FDN FOR RESEARCH &EDUCATION

680 NORTH LAKE SHORE DRIVE

CHICAGO,IL60611
36-4093385 		SUPPORT ORG IL 501(C)(3) 11,TYPE I NMFF
 
Yes
 










For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) NORTHWESTERNROSIN EYECARE LLC

6233 CERMAK RD
BERWYN,IL60402
36-2028676 		EYEWEAR SALES IL NA
  		RELATED 18,788 133,239   No   Yes   70.000 %












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership












Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
Yes
 
j Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
Yes
 
k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1k
Yes
 
l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
Yes
 
q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
No
r Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) NORTHWESTERNROSIN EYECARE LLC

 A(IV) 65,000 CASH
(2) NORTHWESTERN FDN FOR RESEARCH & EDUCATION

 B 7,700,000 CASH
(3)
(4)
(5)
(6)
Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(e)
Are all
partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
Northwestern University as related organization SCHEDULE R NORTHWESTERN UNIVERSITY IS INCLUDED AS A "RELATED ORGANIZATION" BECAUSE UNDER THE CURRENT BYLAWS OF NORTHWESTERN MEDICAL FACULTY FOUNDATION, THE FOUNDATION'S CLINICAL DEPARTMENT CHAIRMEN COMPRISE A MAJORITY OF THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. THESE INDIVIDUALS ARE ALSO EMPLOYED AS CHAIRMEN OF THE CORRESPONDING ACADEMIC DEPARTMENTS WITHIN THE FEINBERG SCHOOL OF MEDICINE OF NORTHWESTERN UNIVERSITY (FSM). HOWEVER, THE TWO ORGANIZATIONS DO NOT STAND IN THE ROLES OF PARENT AND SUBSIDIARY. THEY ARE SEPARATE LEGAL ENTITIES, AND NORTHWESTERN MEDICAL FACULTY FOUNDATION IS NOT SUBJECT TO CONTROL BY NORTHWESTERN UNIVERSITY OR VICE-VERSA.
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