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 07-01-2011 and ending 06-30-2012
BCheck if applicable:
CName of organization
TRUSTEES OF BOSTON UNIVERSITY
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
881 COMMONWEALTH AVENUE 4TH FL
 
Room/suite
City or town, state or country, and ZIP + 4
BOSTON, MA022151303
D Employer identification number

04-2103547
E Telephone number

G Gross receipts $ 2,263,870,532
F Name and address of principal officer:
ROBERT A BROWN PRESIDENT
ONE SILBER WAY
BOSTON,MA02215
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
http://www.bu.edu
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: 1869
M State of legal domicile: MA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: SEE SCHEDULE O
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a)..... 3 41
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 38
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ... 5 25,429
6 Total number of volunteers (estimate if necessary) .... 6 1,400
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 23,078,317
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b -313,120
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 458,854,387 420,933,836
9 Program service revenue (Part VIII, line 2g) ......... 1,440,442,188 1,469,318,894
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 99,030,431 38,572,839
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 36,779,602 35,079,042
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 2,035,106,608 1,963,904,611
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 354,644,193 351,372,445
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) 932,117,873 949,059,771
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 126,945 204,283
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet22,473,440    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 461,915,985 529,627,382
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 1,748,804,996 1,830,263,881
19 Revenue less expenses. Subtract line 18 from line 12....... 286,301,612 133,640,730
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 4,228,025,731 4,329,848,069
21 Total liabilities (Part X, line 26)............. 1,998,371,096 2,180,943,056
22 Net assets or fund balances. Subtract line 21 from line 20..... 2,229,654,635 2,148,905,013
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: SEE SCHEDULE O
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 $ 1,078,998,000 including grants of $ 310,770,342 ) (Revenue $ 1,123,800,014 )
SEE SCHEDULE O
4b (Code:   ) (Expenses $ 242,917,000 including grants of $ 40,602,103 ) (Revenue $ 55,066,605 )
RESEARCH - WHAT SETS BOSTON UNIVERSITY APART AS A RESEARCH UNIVERSITY IS THE BREADTH AND DEPTH OF ITS RESEARCH AND THE UNIQUELY ENTREPRENEURIAL SPIRIT OF ITS FACULTY. RESEARCHERS AT BU ARE NOT AFRAID TO CROSS DISCIPLINARY BOUNDARIES, AS CAN BE SEEN BY STRATEGIC EFFORTS TO SUPPORT INTERDISCIPLINARY RESEARCH AND EDUCATION IN NEUROSCIENCE, RELIGION AND WORLD AFFAIRS, INTEGRATIVE BIOLOGY, CLEAN ENERGY, SUSTAINABILITY AND THE ENVIRONMENT, HEALTH CARE DELIVERY, AND GLOBAL HEALTH, TO NAME A FEW. IN EACH CASE, THE EMPHASIS IS NOT ON INTERDISCIPLINARITY FOR ITS OWN SAKE, BUT ON USING A MULTIFACETED APPROACH TO SOLVE THE IMPORTANT AND COMPLEX PROBLEMS FACING SOCIETY TODAY.
4c (Code:   ) (Expenses $ 226,226,000 including grants of $   ) (Revenue $ 270,306,000 )
AUXILIARIES - AUXILIARY ENTERPRISES SUPPORT THE MISSION OF BOSTON UNIVERSITY BY PROVIDING ESSENTIAL SERVICES TO THE CAMPUS COMMUNITY. THEY ARE ENTERPRISES IN THAT THEY ARE GENERALLY SELF-SUPPORTING ACTIVITIES, RECOVERING THEIR COSTS THROUGH THE FEES OR PRICES THEY CHARGE FOR THEIR GOODS AND SERVICES. AT BOSTON UNIVERSITY, AUXILIARY ENTERPRISES ARE DESIGNED TO DELIVER SUPERIOR QUALITY SERVICES THAT ARE EXPECTED BY THE STUDENTS, FACULTY, STAFF AND ALUMNI.
4d Other program services (Describe in Schedule O.)
(Expenses $ 86,481,673 including grants of $   ) (Revenue $ 20,146,275 )
4e Total program service expensesMediumBullet$ 1,634,622,673
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? ........
2
 
No
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 IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part IIClick to see attachment.........................
4
Yes
 
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 IIIClick to see attachment........................
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
Yes
 
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
Yes
 
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
 
No
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
 
No
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 EClick to see attachment
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
Yes
 
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
Yes
 
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 IClick to see attachment
17
Yes
 
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.......... Click to see attachment
18
Yes
 
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................... Click to see attachment
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
Yes
 
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
Yes
 
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
 
No
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
Yes
 
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
Yes
 
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
Yes
 
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
Yes
 
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
3,160
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
25,429
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
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletAS , BE , EC , EI , FR , GM , IT , NG , NZ , SP
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
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
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
Yes
 
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
41
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
38
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
Yes
 
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
 
No
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
 
No
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
 
No
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
 
No
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
Yes
 
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
CA , MA
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
GILLIAN EMMONS
881 COMMONWEALTH AVENUE 4TH FLOOR
BOSTON,MA022151303
(617) 353-2290
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) Robert A Brown
PRESIDENT
 55.0 X   X       846,310   534,954
(2) Adam W Sweeting
TRUSTEE (UNTIL 05/20/12)
 55.0 X           82,569   34,473
(3) KATHERYN PFISTERER DARR
TRUSTEE (AS OF 05/21/12)
 55.0 X           133,899   17,393
(4) JOHN L BATTAGLINO
TRUSTEE (UNTIL 09/22/11)
 3.0 X                
(5) PHILIP L BULLEN
TRUSTEE (UNTIL 09/22/11)
 3.0 X                
(6) FREDERICK H CHICOS
TRUSTEE (UNTIL 09/22/11)
 3.0 X                
(7) ROBERT A KNOX
TRUSTEE
 3.0 X                
(8) JOHN P HOWE III
TRUSTEE
 3.0 X                
(9) RICHARD D COHEN
TRUSTEE
 3.0 X                
(10) JONATHAN R COLE
TRUSTEE
 3.0 X                
(11) SHAMIM A DAHOD
TRUSTEE (AS OF 09/22/11)
 3.0 X                
(12) DAVID F D'ALESSANDRO
TRUSTEE
 3.0 X                
(13) RICHARD B DEWOLFE
TRUSTEE
 3.0 X                
(14) KENNETH J FELD
TRUSTEE
 3.0 X                
(15) SIDNEY J FELTENSTEIN
TRUSTEE
 3.0 X                
(16) RONALD G GARRIQUES
TRUSTEE
 3.0 X                
(17) RICHARD C GODFREY
TRUSTEE
 3.0 X                
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) SUNGEUN HAN-ANDERSON
TRUSTEE
 3.0 X                
(19) BAHAA R HARIRI
TRUSTEE
 3.0 X                
(20) ROBERT J HILDRETH
TRUSTEE
 3.0 X                
(21) STEPHEN R KARP
TRUSTEE
 3.0 X                
(22) RAJEN A KILACHAND
TRUSTEE
 3.0 X                
(23) CLEVE L KILLINGSWORTH JR
TRUSTEE
 3.0 X                
(24) ELAINE B KIRSHENBAUM
TRUSTEE
 3.0 X                
(25) ANDREW R LACK
TRUSTEE
 3.0 X                
(26) ERIC S LANDER
TRUSTEE
 3.0 X                
(27) ALAN M LEVENTHAL
TRUSTEE
 3.0 X                
(28) J KENNETH MENGES JR
TRUSTEE
 3.0 X                
(29) CARLA E MEYER
TRUSTEE
 3.0 X                
(30) ALICIA C MULLEN
TRUSTEE (AS OF 09/22/11)
 3.0 X                
(31) PETER T PAUL
TRUSTEE
 3.0 X                
(32) CA LANCE PICCOLO
TRUSTEE
 3.0 X                
(33) CHRISTINE A POON
TRUSTEE
 3.0 X                
(34) STUART W PRATT
TRUSTEE
 3.0 X                
(35) ALLEN I QUESTROM
TRUSTEE
 3.0 X                
(36) RICHARD D REIDY
TRUSTEE
 3.0 X                
(37) SHARON G RYAN
TRUSTEE
 3.0 X                
(38) SD SHIBULAL
TRUSTEE (AS OF 09/22/11)
 3.0 X                
(39) RICHARD C SHIPLEY
TRUSTEE
 3.0 X                
(40) HUGO X SHONG
TRUSTEE
 3.0 X                
(41) BIPPY M SIEGAL
TRUSTEE
 3.0 X                
(42) NINA C TASSLER
TRUSTEE
 3.0 X                
(43) ANDREW L TAYLOR
TRUSTEE
 3.0 X                
(44) PETER D WEAVER
TRUSTEE
 3.0 X                
(45) STEPHEN M ZIDE
TRUSTEE
 3.0 X                
(46) Martin J Howard
SR VP, CFO & TREASURER
 55.0     X       407,798   56,591
(47) Todd LC Klipp
SR VP, GEN COUNSEL & SECRETARY
 55.0     X       508,264   59,149
(48) Jean Morrison
UNIVERSITY PROVOST
 55.0       X     623,790   125,733
(49) Karen H Antman
MEDICAL CAMPUS PROVOST
 55.0       X     673,329   33,660
(50) GARY W NICKSA
SR VP FOR OPERATIONS
 55.0       X     348,114   59,232
(51) Joseph P Mercurio
EXECUTIVE VP (RETIRED)
 40.0       X     3,429,599   194,825
(52) James M Becker
PROFESSOR & PHYSICIAN(RETIRED)
 5.0         X     2,494,086 50,791
(53) Jeffrey H Spiegel
PROFESSOR & PHYSICIAN
 0.0         X     1,405,058 53,056
(54) Timothy E Foster
PROFESSOR & PHYSICIAN
 0.0         X     1,141,992 57,385
(55) Edward King
VP GOVT&COMM AFFAIRS (RETIRED)
 55.0         X   957,224   33,012
(56) Tony Tannoury
PROFESSOR & PHYSICIAN
 0.0         X     927,092 47,585
(57) ARAM V CHOBANIAN
PRESIDENT (RETIRED)
 40.0           X 367,403   45,958
(58) David Campbell
FORMER PROVOST
 40.0           X 527,451   139,251
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 8,905,750 5,968,228 1,543,048
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet2,264
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
LSI EPI LLC
144 NORTH ROAD
SUDBURY,MA01776 		CONSULTANT 12,015,719
EMBANET-COMPASS KNOWLEDGE GROUP
50 NORTHWEST POINT BLVD 5TH FLOOR
ELK GROVE VILLAGE,IL60007 		ONLINE SER. PROVIDER 10,698,139
THE WELCH CORPORATION
35 ELECTRIC AVENUE
BRIGHTON,MA02135 		GENERAL CONTRACTOR 6,230,278
BROOKLINE DEVELOPMENT
3 CRAFTSLAND ROAD
CHESTNUT HILL,MA02467 		CONSTRUCTION MANAGER 3,858,808
RICHARD WHITE SONS INC
70 ROWE STREET
AUBURNDALE,MA02466 		GENERAL CONTRACTOR 3,663,705
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet242
Form 990 (2011)
Form 990 (2011)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c 1,590,528
d Related organizations...1d  
e Government grants (contributions)1e 333,307,018
f All other contributions, gifts, grants, and
similar amounts not included above1f 		86,036,290
g Noncash contributions included in lines 1a-1f:$ 8,551,969
h Total. Add lines 1a-1f.......MediumBullet 420,933,836
Program Service Revenue Business Code
2a TUITION AND FEES 900,099 1,123,800,014 1,123,800,014    
b AUX SALES & SERVICES 900,099 290,452,275 290,452,275    
c NON-GOVERNMENT GRANTS 900,099 55,066,605 55,066,605    
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 1,469,318,894
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 39,616,466     39,616,466
4 Income from investment of tax-exempt bond proceeds..MediumBullet 56,126     56,126
5 Royalties............MediumBullet 1,702,628     1,702,628
(i) Real (ii) Personal
6a Gross rents 35,479,742  
b Less: rental expenses 24,456,690  
c Rental income or (loss) 11,023,052  
d Net rental income or (loss).......MediumBullet 11,023,052     11,023,052
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 271,881,478 740,713
b Less: cost or other basis and sales expenses 273,721,944  
c Gain or (loss) -1,840,466 740,713
d Net gain or (loss)..........MediumBullet -1,099,753   740,713 -1,840,466
8a Gross income from fundraising events (not including
$ 1,590,528
of contributions reported on line 1c). See Part IV, line 18 ...
a 1,803,045
b Less: direct expenses ...b 1,787,287
c Net income or (loss) from fundraising events..MediumBullet 15,758   15,758
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 ATHLETIC RENTALS 713,940 6,722,846   6,722,846  
b HOTEL OPERATIONS 721,110 5,296,434   5,296,434  
c RESTAURANT OPERATIONS 722,100 8,283,973   8,283,973  
d All other revenue .... 2,034,351   2,034,351  
e Total. Add lines 11a–11d ......MediumBullet 22,337,604
12 Total revenue. See Instructions....MediumBullet 1,963,904,611 1,469,318,894 23,078,317 50,573,564
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 37,383,136 37,383,136
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 310,770,342 310,770,342
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 3,218,967 3,218,967
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 6,879,831 5,830,556 516,297 532,978
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 1,334,905 1,334,905    
7 Other salaries and wages 723,335,898 626,759,334 84,515,272 12,061,292
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 61,104,398 52,946,013 7,139,497 1,018,888
9 Other employee benefits ....... 97,624,896 84,590,458 11,406,588 1,627,850
10 Payroll taxes ........... 58,779,843 50,931,822 6,867,894 980,127
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 1,646,539   1,646,539  
c Accounting ........... 1,984,142   1,984,142  
d Lobbying ........... 942,174 942,174    
e Professional fundraising. See Part IV, line 17.. 204,283 204,283
f Investment management fees ...... 2,699,076   2,699,076  
g Other .......... 88,658,276 76,821,021 10,358,919 1,478,336
12 Advertising and promotion .... 4,872,815 4,872,815    
13 Office expenses ....... 65,742,515 52,256,740 11,319,577 2,166,198
14 Information technology ...... 23,025,688 10,365,132 12,660,556  
15 Royalties .. 1,150,999 1,150,999    
16 Occupancy ........... 159,762,888 149,654,581 10,043,662 64,645
17 Travel ............ 23,358,632 20,965,329 1,155,953 1,237,350
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 19,869,023 16,716,545 2,100,199 1,052,279
20 Interest ........... 0      
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 82,276,712 80,631,178 1,645,534  
23 Insurance .............. 5,734,423 1,995,950 3,738,473  
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 RESEARCH & LABORATORY SUPPLIES 20,626,480 20,626,480    
b BOOKS & PERIODICALS 4,421,214 4,278,951 131,656 10,607
c DUES & MEMBERSHIPS 6,792,962 4,012,805 2,741,550 38,607
d EDUCATIONAL SERVICES 8,671,344 8,671,344    
e
f All other expenses 7,391,480 6,895,096 496,384  
25 Total functional expenses. Add lines 1 through 24f 1,830,263,881 1,634,622,673 173,167,768 22,473,440
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 .......... 0 1 0
2 Savings and temporary cash investments ....... 621,096,722 2 626,999,425
3 Pledges and grants receivable, net ......... 96,964,949 3 127,494,239
4 Accounts receivable, net ......... 147,432,441 4 174,566,838
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L .......... 0 5 0
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 ............. 5,521,000 7 7,113,675
8 Inventories for sale or use .............. 0 8 0
9 Prepaid expenses and deferred charges ............ 83,758,881 9 86,875,629
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 3,069,112,210
b Less: accumulated depreciation. ..... 10b 1,062,575,637 1,908,129,774 10c 2,006,536,573
11 Investments—publicly traded securities .......... 430,279,974 11 364,890,170
12 Investments—other securities. See Part IV, line 11 ...... 934,841,990 12 935,371,520
13 Investments—program-related. See Part IV, line 11 .. 0 13 0
14 Intangible assets ......... 0 14 0
15 Other assets. See Part IV, line 11 ........... 0 15 0
16 Total assets. Add lines 1 through 15 (must equal line 34)... 4,228,025,731 16 4,329,848,069
Liabilities 17 Accounts payable and accrued expenses . 520,229,889 17 664,312,383
18 Grants payable .......... 0 18 0
19 Deferred revenue .......... 115,852,018 19 120,348,577
20 Tax-exempt bond liabilities .......... 916,600,000 20 914,900,000
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 .. 301,685,376 23 331,733,471
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..... 144,003,813 25 149,648,625
26 Total liabilities. Add lines 17 through 25..... 1,998,371,096 26 2,180,943,056
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 ..... 1,250,365,599 27 1,203,745,568
28 Temporarily restricted net assets ..... 590,650,931 28 521,813,552
29 Permanently restricted net assets ..... 388,638,105 29 423,345,893
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 ..... 2,229,654,635 33 2,148,905,013
34 Total liabilities and net assets/fund balances ..... 4,228,025,731 34 4,329,848,069
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
1,963,904,611
2
Total expenses (must equal Part IX, column (A), line 25) ....
2
1,830,263,881
3
Revenue less expenses. Subtract line 2 from line 1 ...
3
133,640,730
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
2,229,654,635
5
Other changes in net assets or fund balances (explain in Schedule O) ...
5
-214,390,352
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
2,148,905,013
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
Yes
 
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
Yes
 
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
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number

04-2103547
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.") .            
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......            
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.            
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.)            
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...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
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.).            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
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 C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.
SchCMd Bullet Attach to Form 990 or Form 990-EZ. SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
If the organization answered “Yes” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, line 35c (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number

04-2103547
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c) except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2011

Schedule C (Form 990 or 990-EZ) 2011
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check expenses, and share of excess lobbying expenditures).
B Check
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) Total
             
2a Lobbying non-taxable amount          
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		         
             
c Total lobbying expenditures          
             
d Grassroots nontaxable amount          
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		          
             
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2011


Schedule C (Form 990 or 990-EZ) 2011
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
Yes
 
c
Media advertisements? ....................................
 
No
 
d
Mailings to members, legislators, or the public? .........................
 
No
 
e
Publications, or published or broadcast statements? .......................
 
No
 
f
Grants to other organizations for lobbying purposes? .......................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
Yes
 
942,174
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? ..........................
Yes
 
 
j
Total. Add lines 1c through 1i ...............................
942,174
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2 are answered “No” OR (b) Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ...........................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, Part II-A; line 5; and Part ll-B, line 1.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
LOBBYING ACTIVITY EXPLANATION SCHEDULE C, PART II-B, LINE 1 THE UNIVERSITY DID NOT PARTICIPATE OR INTERVENE IN ANY POLITICAL CAMPAIGNS. THE MAJORITY OF THE AMOUNT REPORTED REPRESENTS PAYMENTS TO A CONSULTANT WHO ACTS AS THE UNIVERSITY'S WASHINGTON, D.C., REPRESENTATIVE, MONITORING PROPOSED AND ENACTED LEGISLATION AND OTHER GOVERNMENTAL DEVELOPMENTS OF INTEREST TO AND/OR AFFECTING THE UNIVERSITY. IN ADDITION, THE CONSULTANT IS A DEVELOPMENT, GOVERNMENTAL RELATIONS, AND PUBLIC RELATIONS ADVISOR, AND SERVES AS A LIAISON BETWEEN THE UNIVERSITY AND VARIOUS GOVERNMENT OFFICIALS. THE UNIVERSITY ALSO HAS ONE STAFF MEMBER WHO HAS RESPONSIBILITY FOR MONITORING LEGISLATION AND GOVERNMENTAL DEVELOPMENTS OF INTEREST TO AND/OR AFFECTING THE UNIVERSITY ON THE STATE LEVEL. THE UNIVERSITY FILES SEMIANNUAL REPORTS WITH THE COMMONWEALTH OF MASSACHUSETTS DETAILING THESE ACTIVITIES AND EXPENSES. IT IS POSSIBLE THAT OTHER INDIVIDUALS MAY HAVE SPENT AN INSUBSTANTIAL PORTION OF THEIR TIME ON LEGISLATIVE MATTERS OF DIRECT CONCERN TO HIGHER EDUCATION AND MAY HAVE INCURRED INSUBSTANTIAL EXPENSES IN CONNECTION WITH THIS ACTIVITY. BOSTON UNIVERSITY PAYS DUES TO VARIOUS MEMBERSHIP ORGANIZATIONS IN AN EFFORT TO STAY CURRENT ON A WIDE VARIETY OF ACADEMIC, RESEARCH, GOVERNANCE, AND OTHER AREAS. THE POSSIBILITY EXISTS THAT ONE OR MORE OF THESE MEMBERSHIP ORGANIZATIONS CONDUCT LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS. HOWEVER, BOSTON UNIVERSITY DOES NOT DIRECTLY PARTICIPATE IN THESE LOBBYING ACTIVITIES.
Schedule C (Form 990 or 990EZ) 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
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number

04-2103547
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
EDUCATION
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 .... 1,143,909,982 967,889,613 869,769,410 1,085,438,014
b Contributions ........ 18,112,036 26,665,624 22,384,929 9,436,757
c Net investment earnings, gains, and losses ... 3,187,492 181,672,889 105,788,254 -196,408,297
d Grants or scholarships ..... 20,436,580 11,414,768 10,134,298 9,992,733
e Other expenditures for facilities
and programs ........ 		12,216,801 15,509,591 14,942,542 13,452,024
f Administrative expenses .... 5,870,633 5,393,785 4,976,140 5,252,307
g End of year balance ...... 1,126,685,496 1,143,909,982 967,889,613 869,769,410
2
Provide the estimated percentage of the year end balance (line 1g) held as:
a
Board designated or quasi-endowment SchDMd Bullet37.000 %
b
Permanent endowment SchDMd Bullet33.000 %
c
Temporarily restricted endowment SchDMd Bullet30.000 %
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)
 
No
(ii) related organizations ........................
3a(ii)
 
No
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 ................. 16,365,597 78,411,936 94,777,533
b Buildings ................ 124,739,285 2,350,546,743 752,307,909 1,722,978,119
c Leasehold improvements ............ 25,792,525 35,423,807 30,744,944 30,471,388
d Equipment ................   266,447,734 148,359,725 118,088,009
e Other .................   171,384,583 131,163,059 40,221,524
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 2,006,536,573
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) MARKETABLE ALTERNATIVES 		276,299,024 F

(B) NON-MARKETABLE ALTERNATIVES 		224,015,111 F

(C) REAL ASSETS 		387,435,057 F

(D) RESIDUAL ASSET NOTE 		47,622,328 F





Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 935,371,520
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








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Book value
Federal Income Taxes 0
ANNUITIES PAYABLE 17,696,253
CAPITAL LEASE OBLIGATION 84,330,044
DISCOUNTED NOTE OBLIGATION 47,622,328






Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 149,648,625
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
SCHEDULE D, PART III, LINE 1A   THE UNIVERSITY'S COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS ON THE STATEMENT IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS RELEASES FROM TEMPORARILY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS HAD BEEN RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES.
SCHEDULE D, PART III, LINE 4   THE UNIVERSITY'S COLLECTIONS CONSIST OF WORKS OF ART, ARTIFACTS, RARE BOOKS, HISTORICAL DOCUMENTS, AND OTHER SIMILAR MATERIALS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED REGULARLY. THE COLLECTIONS ARE SUBJECT TO A DEACCESSION POLICY REQUIRING THAT PROCEEDS FROM THE DISPOSITION OF AN OBJECT BE USED TO SUPPORT THE PRESERVATION AND DEVELOPMENT OF THE UNIVERSITY'S COLLECTION.
SCHEDULE D, PART V, LINE 4   THE ENDOWMENT FUND PROVIDES THE UNIVERSITY WITH THE FLEXIBILITY AND FREEDOM TO EMBARK ON NEW DISCIPLINES, TO HIRE ADDITIONAL FACULTY, AND TO BUILD OR UPDATE FACILITIES. IT ENSURES REGULAR FUNDING LEVELS FOR UNIVERSITY DEPARTMENTS, PROGRAMS, AND SCHOLARSHIPS, AND HELPS STEM RISES IN TUITION BY SUPPORTING UNIVERSITY OPERATIONS THAT ARE OTHERWISE PAID FOR WITH STUDENT TUITION AND FEES. SCHEDULE D, PART X, LINE 2 THE UNIVERSITY'S FINANCIAL STATEMENTS DID NOT REPORT A LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48.
Schedule D (Form 990) 2011

Additional Data


Software ID:  
Software Version:  




SCHEDULE E(Form 990 or 990-EZ)
Department of the TreasuryInternal Revenue Service
Schools
Right pointing arrow large imageComplete if the organization answered "Yes" to Form 990, Part IV, line 13,or Form 990-EZ, Part VI, line 48.Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number

04-2103547
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? ......................
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? ......................................
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during
the period of solicitation for students, or during the registration period if it has no solicitation program, in a way
that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"
please explain. If you need more space use Part II. .............................
3
Yes
 
 
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff? ..........
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? ...............................................
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? ...........................
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? ..............
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? .....................................
5a
 
No
b
Admissions policies? .........................................
5b
 
No
c
Employment of faculty or administrative staff? ..............................
5c
 
No
d
Scholarships or other financial assistance? ................................
5d
 
No
e
Educational policies? .........................................
5e
 
No
f
Use of facilities? ...........................................
5f
 
No
g
Athletic programs? ..........................................
5g
 
No
h
Other extracurricular activities? .....................................
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? ...........
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? ...................
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) 2011
Schedule E (Form 990 or 990EZ) 2011
Page 2
Part II
Supplemental Information
Complete this part to provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also complete this part to provide any other additional information (see instructions).
Identifier Return Reference Explanation
SCH. E, PART I, LINE 3   BOSTON UNIVERSITY PROHIBITS DISCRIMINATION AGAINST ANY INDIVIDUAL ON THE BASIS OF RACE, COLOR, RELIGION, SEX, AGE, NATIONAL ORIGIN, PHYSICAL OR MENTAL DISABILITY, SEXUAL ORIENTATION OR BECAUSE OF MARITAL, PARENTAL, OR VETERAN STATUS. THIS POLICY EXTENDS TO ALL RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES, INCLUDING HOUSING, EMPLOYMENT, ADMISSIONS, FINANCIAL ASSISTANCE, EDUCATIONAL AND ATHLETIC PROGRAMS. BOSTON UNIVERSITY RECOGNIZES THAT NON-DISCRIMINATION DOES NOT ENSURE THAT EQUAL OPPORTUNITY IS A REALITY FOR ALL EMPLOYEES, APPLICANTS FOR EMPLOYMENT, AND STUDENTS. BECAUSE OF THIS, THE UNIVERSITY WILL CONTINUE TO TAKE AFFIRMATIVE ACTION TO ENSURE THAT EMPLOYEES AND STUDENTS ALIKE ARE TREATED EQUALLY DURING THEIR EMPLOYMENT AND/OR MATRICULATION. INQUIRIES REGARDING THE APPLICATION OF THIS POLICY SHOULD BE ADDRESSED TO THE Executive DIRECTOR OF EQUAL OPPORTUNITY, 19 DEERFIELD STREET, BOSTON, MA 02115 (617-353-9286). SCH. E, PART I, LINE 6A BOSTON UNIVERSITY PARTICIPATES IN SEVERAL FEDERAL FINANCIAL AID PROGRAMS INCLUDING THE FEDERAL PELL GRANT PROGRAM AND THE FEDERAL WORK STUDY PROGRAM; IN ADDITION THE UNIVERSITY RECEIVES FEDERAL GRANTS AND CONTRACTS IN SUPPORT OF ITS RESEARCH MISSION. FEDERAL AGENCIES PROVIDING SUPPORT FOR UNIVERSITY RESEARCH AND TRAINING INCLUDED THE NATIONAL INSTITUTES OF HEALTH, THE NATIONAL SCIENCE FOUNDATION, THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, THE DEPARTMENT OF DEFENSE, THE DEPARTMENT OF ENERGY, AND THE US AGENCY FOR INTERNATIONAL DEVELOPMENT.
Schedule E (Form 990 or 990-EZ) 2011
Additional Data


Software ID:  
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
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number

04-2103547
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 INVESTMENTS 320,756,991
Central America and the Caribbean   2 Program Services PUBLIC HEALTH PROJECTS  
Central America and the Caribbean   4 Program Services RESEARCH  
Central America and the Caribbean     Send agents to seminar    
East Asia and the Pacific     Fundraising    
East Asia and the Pacific 4 46 Program Services STUDY ABROAD  
East Asia and the Pacific     Program Services RESEARCH  
East Asia and the Pacific     Send agents to seminar    
East Asia and the Pacific     Grantmaking   512,543
Europe (Including Iceland and Greenland)     Fundraising    
Europe (Including Iceland and Greenland)     Grantmaking   1,234,463
Europe (Including Iceland and Greenland)     Investments INVESTMENTS 11,469,521
Europe (Including Iceland and Greenland) 1 2 Program Services RESEARCH  
Europe (Including Iceland and Greenland) 14 229 Program Services STUDY ABROAD  
Europe (Including Iceland and Greenland)     Send agents to seminar    
Middle East and North Africa     Fundraising    
Middle East and North Africa     Grantmaking   64,990
Middle East and North Africa   1 Program Services PUBLIC HEALTH PROJECTS  
Middle East and North Africa     Program Services RESEARCH  
Middle East and North Africa     Send agents to seminar    
North America     Fundraising    
North America     Grantmaking   335,625
North America     Investments INVESTMENTS 671,115
North America     Program Services RESEARCH  
North America     Send agents to seminar    
Russia and the Newly Independent States     Send agents to seminar    
Russia and the Newly Independent States     Program Services RESEARCH  
South America     Grantmaking   5,154
South America 1 11 Program Services STUDY ABROAD  
South America     Program Services RESEARCH  
South America     Send agents to seminar    
South Asia     Fundraising    
South Asia   1 Program Services PUBLIC HEALTH PROJECTS  
South Asia     Program Services RESEARCH  
South Asia     Send agents to seminar    
Sub-Saharan Africa 6 364 Program Services PUBLIC HEALTH PROJECTS  
Sub-Saharan Africa   1 Program Services STUDY ABROAD  
Sub-Saharan Africa     Program Services RESEARCH  
Sub-Saharan Africa     Send agents to seminar    
Sub-Saharan Africa     Grantmaking   1,056,961
3a Sub-total ..... 19 283 334,038,508
b Total from continuation sheets to Part I ... 7 378 2,068,855
c Totals (add lines 3a and 3b) 26 661 336,107,363
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)
East Asia/Pacific RESEARCH 127,740 CHECK      
East Asia/Pacific RESEARCH 53,731 CHECK      
East Asia/Pacific RESEARCH 72,000 CHECK      
East Asia/Pacific RESEARCH 156,480 CHECK      
East Asia/Pacific RESEARCH 80,992 CHECK      
East Asia/Pacific RESEARCH 21,600 CHECK      
Europe/Iceland/Greenland RESEARCH 298,616 CHECK      
Europe/Iceland/Greenland RESEARCH 19,641 CHECK      
Europe/Iceland/Greenland RESEARCH 48,748 CHECK      
Europe/Iceland/Greenland RESEARCH 291,840 CHECK      
Europe/Iceland/Greenland RESEARCH 7,290 CHECK      
Europe/Iceland/Greenland RESEARCH 43,313 CHECK      
Europe/Iceland/Greenland RESEARCH 199,745 CHECK      
Europe/Iceland/Greenland RESEARCH 25,000 CHECK      
Europe/Iceland/Greenland RESEARCH 78,533 CHECK      
Europe/Iceland/Greenland RESEARCH 22,501 CHECK      
Europe/Iceland/Greenland RESEARCH 95,795 CHECK      
Europe/Iceland/Greenland RESEARCH 96,961 CHECK      
Europe/Iceland/Greenland RESEARCH 6,480 CHECK      
Middle East/North Africa RESEARCH 43,352 CHECK      
Middle East/North Africa RESEARCH 21,638 CHECK      
North America RESEARCH 173,032 CHECK      
North America RESEARCH 9,805 CHECK      
North America RESEARCH 122,767 CHECK      
North America RESEARCH 8,594 CHECK      
North America RESEARCH 21,427 CHECK      
South America   5,154 CHECK      
Sub-Saharan Africa   59,300 CHECK      
Sub-Saharan Africa   78,330 CHECK      
Sub-Saharan Africa   108,754 CHECK      
Sub-Saharan Africa   265,502 CHECK      
Sub-Saharan Africa   545,075 CHECK      
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
31
3
Enter total number of other organizations or entities ........................MediumBullet
1
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, Part I, Line 1 SCHEDULE F, PART I, COLUMN (F) THE UNIVERSITY DOES NOT CURRENTLY TRACK FOREIGN EXPENDITURES FOR EACH PROGRAM SEPARATELY. THEREFORE, PURSUANT TO IRS GUIDANCE, DISCLOSURE IN THIS COLUMN IS NOT REQUIRED IN THE CURRENT YEAR. SCHEDULE F, PART I, LINE 2 THE UNIVERSITY ASSIGNS RESPONSIBILITY FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE OF THE UNITED STATES TO THE OFFICE OF POST AWARD FINANCIAL OPERATIONS. THIS OFFICE MONITORS ALL GRANT MAKING ACTIVITY INCLUDING COMPLIANCE WITH ALL APPLICABLE REGULATIONS. EXPENSES ARE ACCOUNTED FOR ON AN ACCRUAL BASIS.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2011
Additional Data


Software ID:  
Software Version:  



SCHEDULE G (Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19,or if the organization entered more than $15,000 on Form 990-EZ, line 6a.right arrowAttach to Form 990 or Form 990-EZ. right arrowSee separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number

04-2103547
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
Marts Lundy Inc
1200 WALL STREET WEST
 
LYNDHURST, NJ07071 		Fundraising Consultant   No   60,539  
PLUS DELTA PARTNERS
6965 EL CAMINO REAL
SUIT 105-488
CARLSBAD, CA92009 		FUNDRAISING CONSULTANT   No   124,599  
T HANDLER CONSULTING
4551 CHES MAR DRIVE
 
EAGAN, MN55123 		FUNDRAISING CONSULTANT   No   13,320  
CAREER DIRECTIONS
117 NORTH FIRST STREET
SUITE 106
ANN ARBOR, MI48104 		FUNDRAISING CONSULTANT   No   5,825  
Total .................right arrow   204,283  
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
AK, AZ, CA, CO, CT, KY, MA, MI, MN, MS, NH, NJ, NY, ND, OH, OK, OR, SC, VA, WA
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2011
Schedule G (Form 990 or 990-EZ) 2011
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.
(a) Event #1

WBUR VALENTINE
(event type) 		(b) Event #2

WBUR MOTHER'S
(event type) 		(c) Other Events

12
(total number) 		(d) Total Events
(Add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 1,379,347 1,018,670 995,556 3,393,573
2 Less: Charitable
contributions . . . 		724,824 489,530 376,174 1,590,528
3 Gross income (line 1
minus line 2) . . . 		654,523 529,140 619,382 1,803,045
VerticalDirectExpenses 4 Cash prizes . . .        
5 Non-cash prizes . .     193,954 193,954
6 Rent/facility costs . .     143,794 143,794
7 Food and beverages . . 5,553 2,677 71,566 79,796
8 Entertainment . . .        
9 Other direct expenses . 648,970 526,463 194,310 1,369,743
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 1,787,287
11 Net income summary. Combine lines 3 and 10 in column (d)............ right arrow 15,758
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (Add col. (a) through col. (c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," Explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," Explain:
 
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ..........................
Schedule G (Form 990 or 990-EZ) 2011
Schedule G (Form 990 or 990-EZ) 2011
Page 3
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Provide the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Complete this part to provide additional information for responses to quuestion on Schedule G (see instructions.)
Identifier ReturnReference Explanation
Schedule G (Form 990 or 990-EZ) 2011
Additional Data


Software ID:  
Software Version:  
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
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number
04-2103547
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) Affinergy IncPO Box 14650
Durham,NC27709 		55-0826074   254,609       RESEARCH
(2) AHS Hospital CorpPO Box 48328
Newark,NJ07101 		52-1958352 501C3 9,464       RESEARCH
(3) Alabama A&M University4900 Meridian St
Normal,AL35762 		63-6001097 501C3 198,685       RESEARCH
(4) ARIDIS Pharmaceuticals LLC5941 Optical Court
PO Box 1388
San Jose,CA95138 		32-0074500   33,987       RESEARCH
(5) Assoc of Universities for Research3700 San Martin Drive
Baltimore,MD21218 		86-0138043 501C3 50,949       RESEARCH
(6) Atlantic Offshore Lobstermans Association221 Third Street
Newport,RI02840 		05-0355848 501C6 6,535       RESEARCH
(7) Auritec Pharmaceuticals Inc15 Braeburn Road
6th Floor
Hyde Park,MA02136 		84-1629188   39,835       RESEARCH
(8) Baylor Research Institute3310 Live Oak
Dallas,TX75204 		75-1921898 501C3 6,090       RESEARCH
(9) Baystate Medical Center Inc759 Chestnut Street
Suite 501
Springfield,MA01199 		04-2790311 501C3 76,011       RESEARCH
(10) Beth Israel Deaconess Medical Center330 Brookline Avenue
Boston,MA02215 		04-2103881 501C3 50,375       RESEARCH
(11) Birmingham Southern College900 Arkadelphia Road
Birmingham,AL35254 		63-0288811 501C3 19,819       RESEARCH
(12) Board of Regents of Univ of Nebraska985100 Nebraska Med Ctr
Omaha,NE68198 		47-0049123 501C3 46,323       RESEARCH
(13) Board of RegentsNSHE1664 N Virginia St
Reno,NV89557 		88-6000024 501C3 205,190       RESEARCH
(14) Board of Trustees of the Leland Stanford JuPO Box 44253
MS 0124
San Francisco,CA94144 		94-1156365 501C3 85,338       RESEARCH
(15) Board of Trustees of Univ of ILPO Box 20787
Springfield,IL62708 		37-6000511 501C3 140,785       RESEARCH
(16) Boston Biomedical Research Institution64 Grove Street
Watertown,MA02472 		04-2451939 501C3 257,223       RESEARCH
(17) Boston Housing Authority52 Chauncy St
Boston,MA02111 		04-6001907 STATE OF MA 66,695       RESEARCH
(18) Boston Medical Center660 Harrison Ave
Boston,MA02118 		04-3314093 501C3 3,628,915       RESEARCH
(19) Boston Micromachines Corporation30 Spinelli Place
2nd FL Grants Adm
Cambridge,MA02138 		04-3465874   57,803       RESEARCH
(20) Boston Public Health Commission1010 Massachusetts Avenue
Boston,MA02118 		04-3316655 STATE OF MA 58,409       RESEARCH
(21) Boston VA Research Institute Inc150 South Huntington Ave
Boston,MA02130 		04-3081524 501C3 8,767       RESEARCH
(22) Brentwood Biomedical Research InstiPO Box 25027
Los Angeles,CA90025 		95-4183712 501C3 87,500       RESEARCH
(23) Brown UniversityPO Box 1911
Providence,RI02912 		05-0258809 501C3 86,003       RESEARCH
(24) California Institute of Technology1200 E California Blvd
Pasadena,CA91125 		95-1643307 501C3 10,130       RESEARCH
(25) Cambridge Public Health Commission1493 Cambridge St
Cambridge,MA02139 		04-3320571 STATE OF MA 90,011       RESEARCH
(26) Cardiovascular Engineering Inc1 Edgewater Drive
Norwood,MA02062 		04-3428135   178,797       RESEARCH
(27) Catholic Medical Mission Board10 West 17th Street
New York,NY10017 		13-5602319 501C3 30,075       RESEARCH
(28) Chelsea Collaborative Inc318 Broadway
Chelsea,MA02150 		22-2906521 501C3 75,000       RESEARCH
(29) Childrens Hospital CorporationPO Box 414413
Boston,MA02241 		04-2774441 501C3 696,064       RESEARCH
(30) Cincinnati Childrens Hospital Medical3333 Burnet Avenue
Cincinnati,OH45229 		31-0833936 501C3 13,214       RESEARCH
(31) City of LawrenceP O Box 1498
MLC 4900
Lawrence,MA01842 		04-6001394 501C5 15,201       RESEARCH
(32) Cleveland Clinic FoundationPO Box 931562
Cleveland,OH44193 		34-0714585 501C3 184,375       RESEARCH
(33) Commonwealth of Massachusetts250 Washington St 5th
Boston,MA02108 		04-6002284 STATE OF MA 229,100       RESEARCH
(34) Community AIDS Research Inc3510 Biscayne Blvd
Miami,FL33137 		59-2564198 501C3 33,657       RESEARCH
(35) Coriell Institute for Medical Research Inc403 Haddon Avenue
Suite 300
Camden,NJ08103 		21-0672684 501C3 126,488       RESEARCH
(36) Cornell UniversityPO Box 22
Ithaca,NY14851 		15-0532082 501C3 16,422       RESEARCH
(37) County of Riverside26520 Cactus Ave
Moreno Valley,CA92555 		95-6000930   5,950       RESEARCH
(38) CREcare LLC31 Campau Circle
Grand Rapids,MI49503 		20-3055639   11,436       RESEARCH
(39) Creighton University2500 California Plz
Omaha,NE68178 		47-0376583 501C3 46,230       RESEARCH
(40) Dana-Farber Cancer Institute Inc450 Brookline Ave
Boston,MA02215 		04-2263040 501C3 55,964       RESEARCH
(41) DAVIS SQUARE RESEARCH ASSOC119 College Avenue
Mail Stop BP451
Somerville,MA02144 		38-3792037   49,536       RESEARCH
(42) DCG Systems IncPO Box 54957
Santa Clara,CA95054 		26-1929542   14,125       RESEARCH
(43) Denver Health & Hospital AuthorityPO Box 17093
Denver,CO80217 		84-1343242 STATE OF CO 7,363       RESEARCH
(44) Department of Veterans Affairs200 Springs Road
Bedford,MA01730 		74-1612229 GOVERNMENT 39,412       RESEARCH
(45) DM-Stat NP IncOne Salem Street
VAMC 518
Malden,MA02148 		20-2981457   38,445       RESEARCH
(46) Drexel UniversityPO Box 95000-1090
Suite 300
Philadelphia,PA19195 		23-1352630 501C3 511,815       RESEARCH
(47) Duke University2200 West Main Street
Durham,NC27705 		56-0532129 501C3 275,331       RESEARCH
(48) Education Development Center Inc43 Foundry Ave
Suite 300
Waltham,MA02453 		04-2241718 501C3 227,275       RESEARCH
(49) Emory University1599 Clifton Rd NE
Atlanta,GA30322 		58-0566256 501C3 677,110       RESEARCH
(50) Engineered Care Inc1618 Bellevue Ave
MS 1599-001-1AH
Seattle,MA98122 		26-4490896   41,000       RESEARCH
(51) Fenway Community Health Center Inc1340 Boylston Street
Ste 603
Boston,MA02215 		04-2510564 501C3 12,601       RESEARCH
(52) FISHER BIOSERVICES INCPO Box 418395
Boston,MA02241 		54-1348241   11,381       RESEARCH
(53) Forsyth Dental Infirmary for Children245 First Street
Cambridge,MA02142 		04-2104230 501C3 39,795       RESEARCH
(54) George Mason University4400 University Drive
Fairfax,VA22030 		54-0836354 501C3 23,426       RESEARCH
(55) Georgia Tech Research CorporationPO Box 100117
MS 2E1
Atlanta,GA30384 		58-0603146 501C3 14,955       RESEARCH
(56) Greater New York Hospital Foundation555 West 57th Street
New York,NY10019 		13-2954140 501C3 106,619       RESEARCH
(57) Hebrew Rehabilitation Center1200 Centre Street
Boston,MA02131 		04-2104298 501C3 21,077       RESEARCH
(58) Henry Ford Macomb HospitalOne Ford Place
Detroit,MI48202 		38-2947657 501C3 103,576       RESEARCH
(59) Henry Heywood Memorial Hospital242 Green Street
Gardner,MA01440 		04-2103581 501C3 67,228       RESEARCH
(60) Holyoke Health Center IncP O Box 6260
Holyoke,MA01041 		04-2492730 501C3 202,110       RESEARCH
(61) Honeybee Robotics Ltd460 West 34th Street
New York,NY10001 		88-0193033   9,188       RESEARCH
(62) Indiana University400 E 7th Street
Bloomington,IN47405 		35-6001673 501C3 110,921       RESEARCH
(63) Institute for Systems Biology1441 North 34th Street
Seattle,WA98103 		91-2003593 501C3 206,612       RESEARCH
(64) International Business Machines Corp1101 Kitchawan
Yorktown Heights,NY10598 		13-0871985 501C3 152,292       RESEARCH
(65) Johns Hopkins Univ Applied Physics11100 Johns Hopkins Road
Laurel,MD20723 		52-0595111 501C3 138,387       RESEARCH
(66) Johns Hopkins University12529 Collections Ctr Dr
Chicago,IL60693 		52-0595110 501C3 235,850       RESEARCH
(67) Justice Resource Institute Inc545 Boylston St
Boston,MA02116 		04-2526357 501C3 7,806       RESEARCH
(68) Kaiser Foundation Research Institute1800 HARRISON ST
Suite 700
OAKLAND,CA94612 		94-1105628 501C3 5,493       RESEARCH
(69) Kansas City Free Health Clinic3515 Broadway
16TH FLOOR
Kansas City,MO64111 		43-0967292 501C3 5,352       RESEARCH
(70) Kessler Foundation300 Executive Dr
West Orange,NJ07052 		31-1562134 501C3 30,135       RESEARCH
(71) Knowledge Networks & Subsidiary2100 Geng Road
Suite 70
Palo Alto,CA94303 		94-3314617   29,300       RESEARCH
(72) Lehigh University526 Brodhead Avenue
Suite 210
Bethlehem,PA18015 		24-0795445 501C3 16,084       RESEARCH
(73) Lesley University29 Everett Street
Cambridge,MA02138 		04-2103589 501C3 132,043       RESEARCH
(74) Mapp Biopharmaceutical Inc6160 Lusk Blvd
San Diego,CA92121 		20-0037593   725,966       RESEARCH
(75) Marquette UniversityPO Box 1881
Ste C105
Milwaukee,WI53201 		39-0806251 501C3 15,893       RESEARCH
(76) Massachusetts Institute of Technology77 Mass Ave
Cambridge,MA02139 		04-2103594 501C3 2,432,111       RESEARCH
(77) Mattek Corporation200 Homer Avenue
Bldg 12-189
Ashland,MA01721 		04-2877744   44,454       RESEARCH
(78) Mayo Clinic (MC)200 First Street
Rochester,MN55905 		41-6011702 501C3 526,193       RESEARCH
(79) Mayo Clinic Jacksonville4500 San Pablo Rd
South West
Jacksonville,FL32224 		59-3337028 501C3 47,764       RESEARCH
(80) Medical College of Wisconsin Inc8701 Watertown Plank
Milwaukee,WI53226 		39-0806261 501C3 48,800       RESEARCH
(81) Mercy Hospital Inc1221 Main St
Holyoke,MA01040 		04-3398280 501C3 62,690       RESEARCH
(82) Miami University501 E High St
Oxford,OH45056 		31-6402089 501C3 10,371       RESEARCH
(83) Michigan State University301 Admin Bld
East Lansing,MI48824 		38-6005984 501C3 133,033       RESEARCH
(84) Miriam Hospital593 Eddy Street
Providence,RI02903 		05-0258905 501C3 187,276       RESEARCH
(85) Montefiore Medical Center111 E 210th ST
New York,NY10087 		13-1740114 501C3 464,748       RESEARCH
(86) Mount Sinai School of Medicine1 Gustave L Levy Place
New York,NY10029 		13-6171197 501C3 39,147       RESEARCH
(87) Mulberry Studio Inc64 Church Street
Cambridge,MA02138 		04-3153022   5,229       RESEARCH
(88) National Assoc of State Directors113 Oronoco Street
Alexandria,VA22314 		23-7013310 501C3 46,445       RESEARCH
(89) New England Aquarium Corporation1 Central Wharf
Boston,MA02110 		04-2297514 501C3 10,696       RESEARCH
(90) New England Biolabs Inc240 County Rd
Ipswich,MA01938 		04-2631963 501C3 71,199       RESEARCH
(91) New England Research Institutes Inc9 Galen Street
Watertown,MA02472 		04-2919509 501C3 86,642       RESEARCH
(92) North Florida Foundation for Research1601 SW Archer Rd
Gainesville,FL32608 		59-3432918 501C3 10,536       RESEARCH
(93) Northeastern University360 Huntington Ave
Boston,MA02115 		04-1679980 501C3 284,559       RESEARCH
(94) Northern Arizona UniversityPO Box 4070
251 Richard Hall
Flagstaff,AZ86011 		74-2579628 501C3 25,555       RESEARCH
(95) NorthStar Learning Centers Inc53 Linden Street
New Bedford,MA02740 		51-0200575 501C3 36,346       RESEARCH
(96) Northwestern University633 Clark Street
Evanston,IL60208 		36-2167817 501C3 117,663       RESEARCH
(97) Ocean State Research Institute Inc830 Chalkstone Avenue
Rm G-547
Providence,RI02908 		05-0440574 501C3 14,785       RESEARCH
(98) Ordway Research Institute Inc150 New Scotland Avenue
Albany,NY12208 		01-0682614 501C3 14,757       RESEARCH
(99) OSU Oregon State UniversityPO Box 1086
Corvallis,OR97339 		48-1278540 501C6 31,129       RESEARCH
(100) PATHWAYS TO WELLNESS INC1601 Washington Street
Boston,MA02118 		04-3131334 501C3 25,000       RESEARCH
(101) Predictive Science Incorporated9990 Mesa Rim Road
San Diego,CA92121 		26-3200502   174,028       RESEARCH
(102) President & Fellows of Harvard CollegePO Box 415649
Boston,MA02241 		04-2103580 501C3 663,637       RESEARCH
(103) Primary Care Coalition of Montgomery8757 Georgia Avenue
Silver Spring,MD20910 		52-1847976 501C3 14,023       RESEARCH
(104) Puerto Rico Community NetworkPO Box 20850
San Juan,PR00928 		66-0466365 501C3 100,938       RESEARCH
(105) Regents of the Univ of CA Berkeley2195 Hearst Ave
Berkeley,CA94720 		94-6002123 501C3 305,731       RESEARCH
(106) Regents of the Univ of CA DavisPO Box 989062
Room 130 MC 1103
West Sacramento,CA95798 		94-6036494 501C3 445,800       RESEARCH
(107) Regents of the Univ of CA San Fran1855 Folsom Street
San Francisco,CA94143 		94-6035493 501C3 156,642       RESEARCH
(108) Regents of the Univ of CA Santa BarbaraSAASB Build
Santa Barbara,CA93106 		95-6006145 501C3 212,144       RESEARCH
(109) Regents of The Univ of CA Santa Cruz1156 High St
Santa Cruz,CA95064 		94-1539563 501C3 41,059       RESEARCH
(110) Regents of the University of ColoradoPO Box 910220
Denver,CO80291 		84-6000555 501C3 482,505       RESEARCH
(111) Regents of the University of MichiganBox 223131
Pittsburgh,PA15251 		38-6006309 501C3 491,495       RESEARCH
(112) Regents of the University of MinnesotaNW 5957
Minneapolis,MN55485 		41-6007513 501C3 184,835       RESEARCH
(113) Research Fdn of The City Univ of NY230 West 41st Street
PO Box 1450
New York,NY10036 		13-1988190 501C3 29,716       RESEARCH
(114) Rutgers The State University of NJ249 University Ave
7th Floor
Newark,NJ07102 		22-6001086 501C3 151,450       RESEARCH
(115) Sanford-Burnham Medical Research Institute10901 North Torrey
La Jolla,CA92037 		51-0197108 501C3 19,100       RESEARCH
(116) Scientific Solutions Inc55 Middlesex Street
Chelmsford,MA01863 		04-3275340   107,710       RESEARCH
(117) Seattle Childrens Hospital4800 Sand Point Way NE
Unit 210
Seattle,WA98145 		91-0564748 501C3 263,723       RESEARCH
(118) Shepherd Center Inc2020 Peachtree Road
Atlanta,GA30309 		51-0141601   13,258       RESEARCH
(119) SIGMA-ALDRICH INC3050 Spruce Street
St Louis,MO63103 		43-1742718   559,928       RESEARCH
(120) Simmons College300 The Fenway
Boston,MA02115 		04-2103629 501C3 114,115       RESEARCH
(121) Smithsonian Astrophysical ObservatoRY24351 Network Pl
Chicago,IL60673 		53-0206027 501C3 5,949       RESEARCH
(122) South Shore Hospital Inc55 Fogg Rd Box 80
South Weymouth,MA02190 		04-2769210 501C3 100,868       RESEARCH
(123) State of Rhode Island70 Lower College Road
Kingston,RI02881 		05-6000522 STATE OF RI 15,193       RESEARCH
(124) Steward St Annes Hospital CorporatION795 Middle Street
Suite 1
Fall River,MA02721 		27-2473637 501C3 74,240       RESEARCH
(125) Temple University of the CommonwealTHPO Box 824242
Philadelphia,PA19182 		23-1365971 501C3 10,192       RESEARCH
(126) Texas A&M Research FoundationP O Box 201918
Dallas,TX75320 		74-1238434 501C3 45,192       RESEARCH
(127) The Aerospace CorporationPO Box 92957
Los Angeles,CA92957 		95-2102389   57,386       RESEARCH
(128) The American Academy of Allergy Asthma555 East Wells St
General Acct M1/365
Milwaukee,WI53202 		39-6061326 501C3 57,200       RESEARCH
(129) The Brigham & Womens Hospital IncPO Box 3887
Ste 1100 c/o Sheil
Boston,MA02241 		04-2312909 501C3 781,030       RESEARCH
(130) The Broad Institute Inc7 Cambridge Center
Cambridge,MA02142 		26-3428781 501C3 255,725       RESEARCH
(131) THE CENTER FOR HEALTH CARE SERVICES3031 1H 10 West
San Antonio,TX78201 		74-1590659 501C3 31,283       RESEARCH
(132) The Center for Health Policy Develoment10 Free Street
Portland,ME04101 		52-1576801 501C3 15,411       RESEARCH
(133) The Childrens Hospital of PhiladelphiaPO Box 8500
Floor 2
Philadelphia,PA19178 		23-1352166 501C3 122,584       RESEARCH
(134) The Curators of the Univ of MissouRIPO Box 806010
Kansas City,MO64180 		43-6003859 501C3 29,662       RESEARCH
(135) The General Hospital Corporation529 Main Street
Charlestown,MA02129 		04-2697983 501C3 3,901,025       RESEARCH
(136) The Henry M Jackson Foundation for Adv6720-A Rockledge Dr
2nd Floor Suite 209
Bethesda,MD20817 		52-1317896 501C3 80,677       RESEARCH
(137) The Learning Center for the Deaf Inc848 Central Street
Suite 100
Framingham,MA01701 		23-7064431 501C3 58,004       RESEARCH
(138) The Population Council IncOne Dag Hammarskjold
New York,NY10017 		13-1687001   40,527       RESEARCH
(139) The President & Directors of GeorgetownBox 571164
Washington,DC20057 		53-0196603 501C3 32,160       RESEARCH
(140) The Research Foundation of SUNYP O Box 9
Office of Sponsored Acct
Albany,NY12201 		14-1368361 501C3 130,026       RESEARCH
(141) The Research Institute at NationwidePO Box 715245
Columbus,OH43271 		31-6056230 501C3 8,692       RESEARCH
(142) The Spaulding Rehabilitation Hosp CorpPO Box 3903
Boston,MA02241 		04-2551124 501C3 231,883       RESEARCH
(143) The Trustees of Columbia UniversityPO Box 29789
New York,NY10087 		13-5598093 501C3 74,373       RESEARCH
(144) The Trustees of Princeton UniversitYPO Box 5292
Princeton,NJ08544 		21-0634501 501C3 1,067,258       RESEARCH
(145) The University of ArizonaPO Box 3520
Tucson,AZ85722 		74-2652689 STATE OF AZ 19,153       RESEARCH
(146) The University of Texas at ArlingtonBox 19136
Arlington,TX76019 		75-6000121 501C3 120,409       RESEARCH
(147) The University of Texas at AustinPO Box 7159
Austin,TX78713 		74-6000203 501C3 224,682       RESEARCH
(148) The Vanderbilt UniversityDept AT 40303
Atlanta,GA31192 		62-0476822 501C3 20,545       RESEARCH
(149) Thomas Jefferson University1020 Walnut Street
Philadelphia,PA19107 		23-1352651 501C3 105,685       RESEARCH
(150) Town of Framingham31 Flagg Drive
5th Floor
Framingham,MA01702 		04-6001151 STATE OF MA 8,519       RESEARCH
(151) Trustees of Dartmouth College11 Rope Ferry Rd
Room B-46
Hanover,NH03755 		02-0222111 501C3 517,288       RESEARCH
(152) Trustees of Tufts College136 Harrison Ave M V 701
6210
Boston,MA02111 		04-2103634 501C3 276,125       RESEARCH
(153) Tufts Medical Center Inc800 Washington Street
Boston,MA02111 		04-3400617 501C3 57,453       RESEARCH
(154) University Corporation for AtmospheRE1850 Table Mesa Drive
Box 817
Boulder,CO80301 		84-0412668 501C3 581,809       RESEARCH
(155) University of Alabama at Birmingham1530 3rd Avenue South
Birmingham,AL35294 		63-6005396 501C3 48,849       RESEARCH
(156) University of CincinnatiPO Box 691031
Cincinnati,OH45269 		31-6000989 501C3 286,308       RESEARCH
(157) University of FloridaPO Box 113001
Gainesville,FL32611 		59-6002052 STATE OF FL 9,494       RESEARCH
(158) University of Kansas Center for ResEARCH2385 Irving Hill Road
Lawrence,KS66045 		48-0680117 501C3 162,533       RESEARCH
(159) University of Kentucky Research FoundationP O Box 931113
Cleveland,OH44193 		61-6033693 501C3 147,979       RESEARCH
(160) University of Maryland4101 Chesapeake Bldg
College Park,MD20742 		52-6002033 STATE OF MD 965,200       RESEARCH
(161) University of Massachusetts55 Lake Ave North
Worcester,MA01655 		04-3167352 STATE OF MA 1,596,977       RESEARCH
(162) University of MiamiPO Box 025405
Miami,FL33102 		59-0624458 501C3 85,879       RESEARCH
(163) University of New England11 Hills Beach Rd
Biddeford,ME04005 		01-0211810 501C3 26,300       RESEARCH
(164) University of New Mexico1 Univ of New Mexico
Albuquerque,NM87131 		85-6000642 501C3 46,139       RESEARCH
(165) University of New Orleans2000 Lakeshore Dr
MSC 09 5222
New Orleans,LA70148 		72-0702000 STATE OF LA 29,154       RESEARCH
(166) University of North Carolina at Chapel Hill7024 Burnett Womack
Chapel Hill,NC27599 		56-6001393 501C3 47,384       RESEARCH
(167) UNIVERSITY OF PENNSYLVANIAPO Box 785541
CB7155 Kidney
Philadelphia,PA19178 		23-1352685 501C3 822,057       RESEARCH
(168) University of Pittsburgh3109 Cathedral
Pittsburgh,PA15260 		25-0965591 501C3 115,539       RESEARCH
(169) University of South Florida4202 East Fowler Avenue
Tampa,FL33620 		59-3102112 STATE OF FL 102,197       RESEARCH
(170) University of Southern CaliforniaUniversity Park
ADM147
Los Angeles,CA90074 		95-1642394 501C3 74,345       RESEARCH
(171) University of Tennessee210 Student Serv
Knoxville,TN37996 		62-6001636 501C3 5,534       RESEARCH
(172) UNIVERSITY OF TEXAS HEALTH SCIENCEPO Box 203382
Houston,TX77216 		74-1761309 501C3 66,531       RESEARCH
(173) University of Texas Southwestern MePO Box 841765
Dallas,TX75284 		75-6002868 STATE OF TX 11,378       RESEARCH
(174) University of Utah201 S Pres
Salt Lake City,UT84112 		87-6000525 501C3 80,317       RESEARCH
(175) Univ of Vt and State AgrICULTURAL COLLEGE85 S Prospect
Burlington,VT05405 		03-0179440 501C3 39,225       RESEARCH
(176) University of Washington12455 Collections Drive
Chicago,IL60693 		91-6001537 501C3 422,948       RESEARCH
(177) University of Wisconsin1220 Linden Drive
Milwaukee,WI53278 		39-1805963 STATE OF WI 18,400       RESEARCH
(178) VA Puget Sound Health Care System1660 S Columbian Way
Seattle,WA98108 		91-0565166   38,693       RESEARCH
(179) Virginia Commonwealth UniversityBox 843039
RD MS 151
Richmond,VA23284 		54-6001758 501C3 79,225       RESEARCH
(180) Washington University700 Rosedale Avenue
Saint Louis,MO63112 		43-0653611 501C3 293,492       RESEARCH
(181) Wayne State UniversityPO Box 02788
Detroit,MI48202 		38-6028429 501C3 43,692       RESEARCH
(182) Westat IncPO Box 1004
Rockville,MD20850 		84-0529566   547,946       RESEARCH
(183) Whittier St Health Ctr Committee In1290 Tremont Street
Roxbury,MA02120 		04-2619517 501C3 34,690       RESEARCH
(184) William Marsh Rice UniversityPO Box 1892
Houston,TX77251 		74-1109620 501C3 83,346       RESEARCH
(185) Woods Hole Oceanographic Institution569 Woods Hole Road
MS 74
Woods Hole,MA02543 		04-2105850 501C3 311,107       RESEARCH
(186) Yale UniversityPO Box 1873
New Haven,CT06508 		06-0646973 501C3 184,331       RESEARCH
(187) Yeshiva University1300 Morris Park Ave
Bronx,NY10461 		13-1624225 501C3 25,543       RESEARCH
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
143
3
Enter total number of other organizations listed in the line 1 table ......................... . Bullet Image
44
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
(1) STUDENT FINANCIAL AID 14986 310,770,342   COST TUITION OFFSET













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
SCHEDULE I, PART I, LINE 2 The University assigns responsibility for monitoring the use of grant funds inside of the United States to the Office of Research Administration. This office monitors all grant making activity including COMPLIANCE WITH all applicablE regulations. Expenses are accounted for on an accrual basis. Schedule I, Part III Boston University makes every effort to assist students with calculated financial eligibility and high academic achievement, measured against the credentials of other accepted students. A student's academic record is an important factor in determining eligibility for Boston University scholarships and need-based grants. Key indicators such as high school grade point average (GPA), rank in class, and standardized test scores are considered, as well as the strength of the student's academic program and extracurricular activities.
Schedule I (Form 990) 2011


Additional Data


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Software Version:  


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
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number

04-2103547
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
Yes
 
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
Yes
 
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
 
No
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
 
No
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
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
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) Robert A Brown (i)
(ii)		 752,732
  		 
  		93,578
  		256,064
  		278,890
  		1,381,264
  		 
 
(2) Martin J Howard (i)
(ii)		 388,329
  		 
  		19,469
  		32,540
  		24,051
  		464,389
  		 
 
(3) Todd LC Klipp (i)
(ii)		 457,828
  		 
  		50,436
  		32,540
  		26,609
  		567,413
  		 
 
(4) Jean Morrison (i)
(ii)		 544,131
  		 
  		79,659
  		 
  		125,733
  		749,523
  		 
 
(5) Karen H Antman (i)
(ii)		 619,900
  		 
  		53,429
  		32,540
  		1,120
  		706,989
  		 
 
(6) GARY W NICKSA (i)
(ii)		 339,378
  		 
  		8,736
  		32,540
  		26,692
  		407,346
  		 
 
(7) KATHERYN PFISTERER DARR (i)
(ii)		 133,556
  		 
  		343
  		17,093
  		300
  		151,292
  		 
 
(8) Joseph P Mercurio (i)
(ii)		 507,448
  		 
  		2,922,151
  		32,540
  		162,285
  		3,624,424
  		1,300,053
 
(9) David Campbell (i)
(ii)		 489,262
  		 
  		38,189
  		32,540
  		106,711
  		666,702
  		 
 
(10) ARAM V CHOBANIAN (i)
(ii)		 334,942
  		 
  		32,461
  		26,241
  		19,717
  		413,361
  		 
 
(11) James M Becker (i)
(ii)		  
441,273 		 
  		 
2,052,813 		 
32,540 		 
18,251 		 
2,544,877 		 
 
(12) Jeffrey H Spiegel (i)
(ii)		  
228,334 		 
  		 
1,176,724 		 
22,740 		 
30,316 		 
1,458,114 		 
 
(13) Timothy E Foster (i)
(ii)		  
233,834 		 
  		 
908,158 		 
32,540 		 
24,845 		 
1,199,377 		 
 
(14) Edward King (i)
(ii)		 294,876
  		 
  		662,348
  		32,540
  		472
  		990,236
  		 
 
(15) Tony Tannoury (i)
(ii)		  
234,615 		 
  		 
692,477 		 
22,740 		 
24,845 		 
974,677 		 
 

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
SCHEDULE J, PART I   JAMES M. BECKER, JEFFREY H. SPIEGEL, TIMOTHY E. FOSTER, AND TONY TANNOURY ARE COMPENSATED UNDER A COMMON PAYMASTER AGREEMENT FOR THEIR CLINICAL WORK IN CONNECTION WITH THE BOSTON MEDICAL CENTER. SCHEDULE J, PART I, LINE 1A (1) As a condition of employment and for the convenience of the University, President ROBERT Brown, PROVOST JEAN MORRISON, RETIRED EXECUTIVE VP JOSEPH Mercurio, AND FORMER Provost David Campbell were all required to live in University residences. AMOUNTS REPORTED IN COLUMN D INCLUDE, IN ADDITION TO OTHER NON-TAXABLE BENEFITS, THE ESTIMATED FAIR MARKET RENTAL VALUE OF THE UNIVERSITY-PROVIDED RESIDENCE, BASED UPON an independent opinion of value and without any allocation or reduction for University use of the premises, FOR PRESIDENT BROWN ($260,323), PROVOST MORRISON ($108,218), MR. MERCURIO ($115,055), AND DR. CAMPBELL ($81,772). BOTH MR. MERCURIO AND DR. CAMPBELL VACATED UNIVERSITY-PROVIDED HOUSING IN CALENDAR 2011; ACCORDINGLY, THE FAIR MARKET RENTAL VALUE OF THEIR HOUSING HAS BEEN PRO-RATED TO REFLECT THE PORTION OF THE YEAR THE HOUSING WAS PROVIDED. MR. MERCURIO WAS ALSO PROVIDED TUITION REMISSION BENEFITS OF $20,424. (2) First-Class Travel: In accordance with the University's Travel and Business Expense Guidelines, all employees are reimbursed for economy airfare. Exceptions for travel involving an extended period of travel time ARE PERMITTED IN ACCORDANCE WITH THE TERMS OF THE UNIVERSITY'S TRAVEL AND BUSINESS EXPENSE GUIDELINES. The President's employment agreement allows for first-class travel. Travel for business purposes is not included in taxable wages. (3) Travel for Companions: In accordance with the TERMS OF THE University's Travel and Business Expense Guidelines, Boston University allows companion travel for bona fide business purposes. All such cases require the prior written approval OF AN AUTHORIZED SENIOR EXECUTIVE. The President's employment agreement allows for spousal travel. Travel for business purposes is not included in taxable wages. (4) Tax indemnification and Gross-up Payments: From time to time, Boston University may provide certain payments that have been grossed-up for tax purposes. All such cases involving the University's senior executives require the approval of the board of trustees. Schedule J, Part I, Line 4a AS A RESULT OF A CHANGE IN ROLES AND RESPONSIBILITIES AND IN RECOGNITION OF 16 YEARS OF SERVICE, JAMES BECKER RECEIVED A PAYMENT OF $1,505,000 IN CALENDAR YEAR 2011 WHICH IS REPORTED ON SCHEDULE J, COLUMN B(III) AS OTHER REPORTABLE COMPENSATION. SCHEDULE J, PART I, LINE 4B (1) UNDER A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN, ON AUGUST 1, 2011, PRESIDENT BROWN RECEIVED A CREDIT EQUAL TO 30% OF HIS BASE SALARY FOR THE PRECEDING 12-MONTH PERIOD. SUBJECT TO THE PERFORMANCE OF FUTURE SERVICES AND OTHER CONDITIONS, PRESIDENT BROWN'S RIGHTS IN THE PLAN WILL BECOME VESTED ON AUGUST 1, 2015, AND ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL THAT DATE. ACCORDINGLY, SUPPLEMENTAL RETIREMENT PLAN COMPENSATION OF $223,524 WAS ACCRUED FOR PRESIDENT BROWN IN CALENDAR YEAR 2011 AND IS REPORTED ON SCHEDULE J, COLUMN C AS RETIREMENT AND OTHER DEFERRED COMPENSATION. (2) AS A RESULT OF COMMITMENTS MADE TO JOSEPH MERCURIO WHILE HE SERVED AS EXECUTIVE VICE PRESIDENT, CERTAIN COMPENSATION AND RETIREMENT BENEFITS WERE EARNED AND ACCRUED OVER MORE THAN 37 YEARS OF SERVICE. THE SUM of $2,827,165 was paid to MR. Mercurio in calendar year 2011 and is REPORTED on Schedule J, COLUMN B(III) AS OTHER REPORTABLE COMPENSATION. (3) AS A RESULT OF COMMITMENTS MADE TO EDWARD KING WHILE HE SERVED AS VICE PRESIDENT FOR GOVERNMENT & COMMUNITY AFFAIRS, CERTAIN COMPENSATION AND RETIREMENT BENEFITS WERE EARNED AND ACCRUED OVER MORE THAN 24 YEARS OF SERVICE. THE SUM OF $594,331 WAS PAID TO MR. KING IN CALENDAR YEAR 2011 AND IS REPORTED ON SCHEDULE J, COLUMN B(III). (4) Amounts reported in Schedule J, Column B(III) as Other Reportable Compensation, include contributions made by the University in calendar year 2011 to a supplemental nonqualified retirement plan to provide future retirements benefits to Joseph Mercurio, Edward King, and Todd Klipp. SCHEDULE J, PART II THIS SCHEDULE includes each of the University's CURRENT AND FORMER officers, directors, trustees, key employees, and five most highly compensated employees for whom the sum of calendar year 2011 reportable compensation and other compensation from the organization and related entities was greater than $150,000. TRUSTEE ADAM SWEETING'S compensation IS NOT INCLUDED BECAUSE IT WAS LESS THAN $150,000.
Schedule J (Form 990) 2011

Additional Data


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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
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number
04-2103547
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 MASS HEALTH AND EDU FAC AUTH-SERIES 5
  		04-2456011 57586CBR5 03-10-2004 35,348,869 CAPITAL PROJECT, PROP ACQ   X   X   X
B MASS DEV FIN AGENCY - SERIES T1
  		04-3431814 57583RBR5 06-29-2005 172,664,008 CAPITAL PROJECT, PROP ACQ   X   X   X
C MASS DEV FIN AGENCY - SERIES U1 U2 U3 U4 U5U6
  		04-3431814 57583EWA9 05-15-2008 536,365,000 PARTIAL REFUND/CAP PROJ/PROP A   X   X   X
D MASS DEV FIN AGENCY - SERIES V1 V2 V3
  		04-3431814 57583RQ32 12-01-2009 117,370,000 REFUNDING   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . 0 0 0 0
2 Amount of bonds legally defeased . . . . . . . . . . 0 0 0 0
3 Total proceeds of issue . . . . . . . . . . . . . 35,497,833 184,106,197 539,836,174 117,370,000
4 Gross proceeds in reserve funds . . . . . . . . 0 0 0 0
5 Capitalized interest from proceeds . . . . . . . . . . 0 0 0 0
6 Proceeds in refunding escrows . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . 355,425 1,008,534 863,269 395,000
8 Credit enhancement from proceeds . . . . . . . . . . 1,506,076 4,981,946 727,358 0
9 Working capital expenditures from proceeds . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . 33,636,332 178,115,717 202,745,547 0
11 Other spent proceeds . . . . . . . . . . . 0 0 335,500,000 116,975,000
12 Other unspent proceeds . . . . . . . . . . . 0 0 0 0
13 Year of substantial completion . . . . . . . . . . . 2004 2007 2012
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . .   X   X X   X  
15 Were the bonds issued as part of an advance refunding issue? . . . .   X   X   X   X
16 Has the final allocation of proceeds been made? . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . X   X   X   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   X   X    
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . . X   X   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   X   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 X   X      
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . X   X   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 0.00000% 0.00000% 0.00000% 0.00000%
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% 0% 0.00000% 0.00000%
6 Total of lines 4 and 5 . . .. . . . . . . . . 0.00000% 0% 0.00000% 0.00000%
7 Does the bond issue meet the private security or payment test? . . . X   X   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   X   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   X   X   X
2 Is the bond issue a variable rate issue?   X   X X     X
3a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X X     X
b Name of provider . . . . . . . . 0
  		0
  		SEE SCHEDULE O
  		 
 
c Term of hedge . . . . . . . .        
d Was the hedge superintegrated? . . . .   X       X    
e Was a hedge terminated? . . . . .   X       X    
4a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . .   X   X   X   X
b Name of provider . . . . . . 0
  		0
  		0
  		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 X   X     X
6 Did the bond issue qualify for an exception to rebate? . X   X     X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X     X   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
SEE SCHEDULE O. 0  
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
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number

04-2103547
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
Total ...............Small Bullet $  
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
(1) BARNES NOBLE COLLEGE BOOKSTORES SEE PART V 1,956,236 SEE PART V   No
(2) IRON MOUNTAIN INC SEE PART V 185,633 SEE PART V   No
(3) J LAWFORD ANDERSON SEE PART V 191,103 EMPLOYMENT COMPENSATION   No
(4) JOHN BATTAGLINO JR SEE PART V 192,830 EMPLOYMENT COMPENSATION   No
(5) JENNIFER BATTAGLINO SEE PART V 37,348 EMPLOYMENT COMPENSATION   No
(6) ANDREA MERCURIO SEE PART V 92,910 EMPLOYMENT COMPENSATION   No
(7) ANTONIO MERCURIO SEE PART V 99,068 EMPLOYMENT COMPENSATION   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
SCHEDULE L, PART IV, LINE 1   (B) FORMER TRUSTEE JOHN BATTAGLINO SERVES AS SENIOR VICE PRESIDENT OF BARNES & NOBLE COLLEGE BOOKSTORES. THE UNIVERSITY'S RELATIONSHIP WITH BARNES & NOBLE PREDATED MR. BATTAGLINO'S BECOMING A TRUSTEE. (D) UNDER A 1994 AGREEMENT BETWEEN BARNES & NOBLE AND THE UNIVERSITY, BARNES & NOBLE MAKES RENTAL AND OTHER PAYMENTS TO THE UNIVERSITY IN EXCHANGE FOR THE RIGHT TO OPERATE THE BOSTON UNIVERSITY BOOKSTORE. UNIVERSITY STUDENTS MAY PURCHASE THEIR BOOKS AND SUPPLIES THROUGH THE USE OF A DEBIT CARD, USING "CONVENIENCE POINTS" THROUGH THE UNIVERSITY. IN ADDITION, AS REFLECTED IN COLUMN C, THE UNIVERSITY PURCHASES BOOKS AND SUPPLIES FOR ITS OWN USE ON A DISCOUNTED BASIS. SCHEDULE L, PART IV, COLUMN C COMPENSATION OF FAMILY MEMBERS INCLUDES TUITION REMISSION, IF APPLICABLE. SCHEDULE L, PART IV, LINE 2 (B) A FAMILY MEMBER OF TRUSTEE CARLA E. MEYER SERVES ON THE BOARD OF DIRECTORS OF IRON MOUNTAIN, INC. THE UNIVERSITY'S RELATIONSHIP WITH IRON MOUNTAIN PREDATES MS. MEYER'S BECOMING A TRUSTEE. (D) THE TRANSACTION AMOUNT IN COLUMN (C) REPRESENTS THE COST OF ARCHIVING AND DIGITAL IMAGING SERVICES PURCHASED BY THE UNIVERSITY FOR RECORDS STORAGE. SCHEDULE L, PART IV, LINE 3 (B) FAMILY MEMBER OF UNIVERSITY PROVOST JEAN MORRISON. SCHEDULE L, PART IV, LINE 4 (B) FAMILY MEMBER OF FORMER TRUSTEE JOHN BATTAGLINO. SCHEDULE L, PART IV, LINE 5 (B) FAMILY MEMBER OF FORMER TRUSTEE JOHN BATTAGLINO. SCHEDULE L, PART IV, LINE 6 (B) FAMILY MEMBER OF RETIRED EXECUTIVE VICE PRESIDENT JOSEPH P. MERCURIO. SCHEDULE L, PART IV, LINE 7 (B) FAMILY MEMBER (NOW DECEASED) OF RETIRED EXECUTIVE VICE PRESIDENT JOSEPH P. MERCURIO.
Schedule L (Form 990 or 990-EZ) 2011

Additional Data


Software ID:  
Software Version:  




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
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number

04-2103547
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 .. X 39,213 INDEP. APPRAISAL
5 Clothing and household
goods ....... 		X 42,250 INDEP. APPRAISAL
6 Cars and other vehicles .. X 960 603,224 NET PROCEEDS
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 118 5,497,712 MEAN PRICE ON DATE
10 Securities—Closely held stock .        
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 ( ELECTRONICS & INFORMATION TECHNOLOGY ) X 5 1,596,280 INDEP. APPRAISAL
26 Other Right pointing arrow large image ( EVENT SUPPORT ) X 18 58,986 EVENT SUPPORT COST
27 Other Right pointing arrow large image ( EQUIPMENT - MEDICAL, RESEARCH, EDUCATIONAL, ETC. ) X 11 418,301 INDEP. APPRAISAL
28 Other Right pointing arrow large image ( DONATED AUCTION ITEMS ) X 74 296,003 INDEP. APPRAISAL
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
5
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
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ............................
32a
Yes
 
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
SCHEDULE M, PART I THE AMOUNTS LISTED IN COLUMN (B) OF SCHEDULE M PART I REPRESENT CONTRIBUTION TOTALS, NOT INDIVIDUAL TOTALS. SCHEDULE M, PART I, LINE 32B The UNIVERSITY uses a trading brokerage account at NORTHERN TRUST to receive and sell gifts of marketable securities. The bank charges the University a commission when each security is sold. The UNIVERSITY uses TWO AUCTION HOUSES, INDEPENDENT CHARITIES OF AMERICA AND ARC THRIFT STORE, TO RECEIVE AND SELL VEHICLE GIFTS.
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
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number

04-2103547
Identifier Return Reference Explanation
organization's mission FORM 990, PART I, LINE 1 & PART III, LINE 1 BOSTON UNIVERSITY IS AN INTERNATIONAL, COMPREHENSIVE, PRIVATE RESEARCH UNIVERSITY, COMMITTED TO EDUCATING STUDENTS TO BE REFLECTIVE, RESOURCEFUL INDIVIDUALS READY TO LIVE, ADAPT, AND LEAD IN AN INTERCONNECTED WORLD. BOSTON UNIVERSITY IS COMMITTED TO GENERATING NEW KNOWLEDGE TO BENEFIT SOCIETY. FORM 990, PART III, LINE 4A INSTRUCTION - BOSTON UNIVERSITY TODAY IS ONE OF THE MOST DYNAMIC, FORWARD-LOOKING PRIVATE RESEARCH UNIVERSITIES IN THE WORLD, WITH STUDENTS AND FACULTY WHO ARE IMMERSED IN INNOVATIVE EDUCATIONAL PROGRAMS AT THE FRONTIERS OF SCHOLARSHIP AND RESEARCH AND IN PUBLIC SERVICE, ALL IN A 21ST CENTURY ATMOSPHERE OF URBAN AND GLOBAL ENGAGEMENT. WITH 16 SCHOOLS AND COLLEGES ON OUR TWO CAMPUSES, WE OFFER OUR STUDENTS MORE THAN 250 PROGRAMS OF STUDY IN THE LIBERAL ARTS, SCIENCE AND ENGINEERING, HEALTH SCIENCE, THE ARTS, AND OTHER PROFESSIONAL DISCIPLINES. OUR STUDENTS COME FROM ALL OVER THE GLOBE AND STUDY AROUND THE WORLD THROUGH STUDY-ABROAD PROGRAMS OFFERING OPPORTUNITIES IN MORE THAN 75 PROGRAMS AND 23 FOREIGN COUNTRIES. OUR FACULTY ARE COMMITTED TO EXCELLENCE IN TEACHING AND IN PATH-BREAKING RESEARCH AND SCHOLARSHIP. THROUGH THEIR RESEARCH, SCHOLARSHIP, AND CREATIVE ENDEAVORS, THEY ARE EXPANDING THE BOUNDARIES OF KNOWLEDGE ACROSS DISCIPLINES, FROM MOLECULAR MEDICINE, BIOLOGICAL EVOLUTION AND HIGH-ENERGY PHYSICS TO MANAGEMENT, POETRY AND THE PERFORMING ARTS. WE PLACE A STRONG EMPHASIS ON THE INTERDISCIPLINARY AND COLLABORATIVE EFFORTS OF BOTH FACULTY AND STUDENTS, WITH MAJOR INITIATIVES IN EMERGING AREAS SUCH AS NEUROSCIENCE, SYSTEMS BIOLOGY, PHOTONICS, AND GLOBAL HEALTH AND DEVELOPMENT, AS WELL AS RESEARCH AND TREATMENTS FOR EMERGING INFECTIOUS DISEASES. FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES CONSIST OF LIBRARIES, ACADEMIC SERVICES, STUDENT SERVICES, EXTERNAL PROGRAMS, & OTHER DEDUCTIONS. FORM 990, PART IV, LINE 12 & PART XI, LINE 2 THE TRUSTEES OF BOSTON UNIVERSITY'S FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS.
FOREIGN ACCOUNTS FORM 990, PART V, LINE 4B THE TRUSTEES OF BOSTON UNIVERSITY HAS BANK ACCOUNTS IN FOREIGN COUNTRIES. THESE ACCOUNTS FUND THE OPERATIONS OF THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE OVERSEAS PROGRAMS. FOREIGN COUNTRIES INCLUDE (ATTACHMENT 1 CONTINUED): SWITZERLAND UNITED KINGDOM (ENGLAND, NORTHERN IRELAND, SCOTLAND, AND WALES) ZAMBIA
FORM 990, PART V, LINE 5A   IN 1998, BOSTON UNIVERSITY ENTERED INTO A TRANSACTION NOW DESCRIBED IN SECTION 4965(E). THE OTHER PARTIES TO THE TRANSACTION ARE JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY, AIG-FP FUNDING (CAYMAN) LIMITED, AIG-FP SPECIAL FINANCE (CAYMAN) LIMITED, AND WILMINGTON TRUST COMPANY, AS TRUSTEE. ALL INCOME EARNED BY THE UNIVERSITY FROM THIS TRANSACTION WAS ALLOCATED, IN ACCORDANCE WITH THE UNIVERSITY'S ESTABLISHED ACCOUNTING METHODS, TO ITS FISCAL YEAR ENDING JUNE 30, 1998. FORM 990, PART VI, SECTION A, LINE 1A WITH CERTAIN EXCEPTIONS SPECIFIED IN THE UNIVERSITY'S BY-LAWS OR OTHERWISE REQUIRED BY LAW, THE EXECUTIVE COMMITTEE EXERCISES THE POWERS OF THE BOARD OF TRUSTEES BETWEEN FULL BOARD MEETINGS. THE COMMITTEE HOLDS MEETINGS DURING MOST MONTHS WHEN THE FULL BOARD DOES NOT MEET AND OTHERWISE AS NECESSARY. THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS OF THE BOARD, THE CHAIRS OF THE 10 OTHER STANDING COMMITTEES OF THE BOARD, THE PRESIDENT, AND UP TO THREE AT-LARGE MEMBERS ELECTED ANNUALLY BY THE BOARD. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ALICIA C. MULLEN AND STEPHEN KARP ARE BOTH BOARD MEMBERS OF THE NANTUCKET PROJECT LLC, WHICH ACQUIRED BUSINESS SERVICES WORTH MORE THAN $10,000 FROM TRUSTEE KARP'S HOTEL, THE WHITE ELEPHANT. SUCH SERVICES WERE PROVIDED AT FAIR MARKET VALUE OR LESS. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION, A DRAFT OF THE FORM 990 IS REVIEWED BY THE UNIVERSITY'S COMPTROLLER AND BY THE CHIEF FINANCIAL OFFICER (AS WELL AS OTHER FINANCE/ACCOUNTING STAFF), AND BY THE UNIVERSITY'S GENERAL COUNSEL. THE UNIVERSITY'S PUBLIC ACCOUNTING FIRM, PRICEWATERHOUSECOOPERS, IS INVOLVED THROUGHOUT THE PROCESS OF PREPARATION AND REVIEW OF THE RETURN. THE FORM IS THEN SENT TO THE UNIVERSITY'S AUDIT COMMITTEE TO BE REVIEWED DURING ITS ANNUAL SPRING MEETING. AFTER AUDIT COMMITTEE REVIEW, THE FINAL RETURN IS PROVIDED TO THE BOARD OF TRUSTEES VIA A SECURE INTRANET SITE BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES, OFFICERS , KEY EMPLOYEES, AND OTHER REPRESENTATIVES (INCLUDING VICE PRESIDENTS AND OTHER MANAGERIAL PERSONNEL) ARE REQUIRED TO DISCLOSE ON THE UNIVERSITY'S CONFLICT OF INTEREST DISCLOSURE FORM ANY BUSINESS OR FINANCIAL RELATIONSHIP THEY OR MEMBERS OF THEIR IMMEDIATE FAMILIES HAVE OR PROPOSE TO HAVE WITH THE UNIVERSITY, EITHER DIRECTLY OR THROUGH ANOTHER ENTITY IN WHICH THEY HAVE A SIGNIFICANT INTEREST. THE DISCLOSURE FORM IS REQUIRED TO BE FILED ANNUALLY; AN AMENDED FORM MUST BE FILED PROMPTLY IN THE EVENT OF A MATERIAL CHANGE IN CIRCUMSTANCES. A TRUSTEE OR OFFICER IS REQUIRED TO PROVIDE ADVANCE WRITTEN DISCLOSURE OF ANY PROPOSED BUSINESS OR FINANCIAL RELATIONSHIP COVERED BY THIS POLICY TO THE CHAIRMAN OF THE AUDIT COMMITTEE. AN EMPLOYEE OR OTHER REPRESENTATIVE MUST PROVIDE ADVANCE WRITTEN DISCLOSURE OF ANY SUCH RELATIONSHIP TO THE UNIVERSITY'S COMPLIANCE COMMITTEE. TRUSTEES, OFFICERS, KEY EMPLOYEES, AND OTHER REPRESENTATIVES WHO HAVE DISCLOSED A POTENTIAL CONFLICT OF INTEREST SHALL REFRAIN FROM PARTICIPATING IN THE UNIVERSITY'S CONSIDERATION OF ANY PROPOSED BUSINESS OR FINANCIAL RELATIONSHIP IN WHICH HE OR SHE IS INTERESTED, EXCEPT TO RESPOND TO QUESTIONS OR TO PROVIDE FURTHER INFORMATION. IF A TRANSACTION OR RELATIONSHIP REQUIRES A VOTE, THE INTERESTED PARTY SHOULD NOT BE PRESENT AT THE TIME OF THE VOTE. THE AUDIT COMMITTEE WILL DETERMINE WHETHER A BUSINESS OR FINANCIAL RELATIONSHIP INVOLVING A TRUSTEE OR OFFICER SHOULD BE ENTERED INTO OR CONTINUED. IN THE CASE OF ANY SUCH RELATIONSHIP INVOLVING A TRUSTEE, SUCH A DETERMINATION SHALL BE SET FORTH IN A WRITTEN REPORT OF THE AUDIT COMMITTEE SIGNED BY THE CHAIRMAN AND A MAJORITY OF THE COMMITTEE. THE COMPLIANCE COMMITTEE WILL DETERMINE WHETHER A BUSINESS OR FINANCIAL RELATIONSHIP INVOLVING AN EMPLOYEE OR OTHER REPRESENTATIVE SHOULD BE ENTERED INTO OR CONTINUED. THE COMPLIANCE COMMITTEE SHALL PROVIDE SUCH REPORTS AS MAY BE REQUESTED BY THE AUDIT COMMITTEE AND MAY REQUEST ADVICE OR DIRECTION FROM THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15B EACH YEAR, INCLUDING THE YEAR COVERED BY THIS RETURN, THE FOLLOWING PROCESS IS USED TO ESTABLISH THE COMPENSATION OF THE FOLLOWING INDIVIDUALS: THE PRESIDENT; UNIVERSITY PROVOST; MEDICAL CAMPUS PROVOST; EXECUTIVE VICE PRESIDENT; SENIOR VICE PRESIDENT FOR OPERATIONS; SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER, AND TREASURER; AND THE SENIOR VICE PRESIDENT, GENERAL COUNSEL, AND SECRETARY OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (WHICH CONSISTS ENTIRELY OF INDEPENDENT PERSONS HAVING NO CONFLICTS OF INTEREST AS DEFINED IN THE APPLICABLE REGULATIONS) ENGAGES THE SERVICES OF AN INDEPENDENT CONSULTING FIRM TO OBTAIN DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE COMMITTEE REVIEWS THIS DATA AND THE PERFORMANCE OF THE INDIVIDUALS HOLDING THE POSITIONS IN QUESTION, AND IT DEVELOPS A RECOMMENDATION REGARDING THE PRESIDENT'S COMPENSATION AND CONSIDERS THE PRESIDENT'S COMPENSATION RECOMMENDATIONS FOR EACH OF THE OTHER COVERED PERSONS. THE EXECUTIVE COMPENSATION COMMITTEE THEN PRESENTS THE DATA AND ITS COMPENSATION RECOMMENDATIONS TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. THE DELIBERATIONS AND ACTIONS OF BOTH THE EXECUTIVE COMPENSATION COMMITTEE AND THE BOARD OF TRUSTEES ARE DOCUMENTED CONTEMPORANEOUSLY. Form 990, Part VI, SECTION C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA ITS OWN WEBSITE.
Form 990, Part VII, Section A   ROBERT A. BROWN, PRESIDENT OF BOSTON UNIVERSITY, DEVOTES LESS THAN ONE HOUR PER WEEK TO MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER, A RELATED ORGANIZATION. MARTIN J. HOWARD, OFFICER OF BOSTON UNIVERSITY, DEVOTES LESS THAN ONE HOUR EACH PER WEEK TO 660 CORPORATION AND 520 COMMONWEALTH AVENUE REAL ESTATE CORPORATION, BOTH RELATED ORGANIZATIONS. GARY W. NICKSA, KEY EMPLOYEE OF BOSTON UNIVERSITY, DEVOTES THREE HOURS EACH OR LESS PER WEEK TO BIOSQUARE REALTY TRUST, FACULTY PRACTICE FOUNDATION, INC., AND EAST CONCORD MEDICAL FOUNDATION, INC., ALL RELATED ORGANIZATIONS. BOTH KAREN H. ANTMAN MD, KEY EMPLOYEE OF BOSTON UNIVERSITY, AND ARAM V. CHOBANIAN MD, FORMER OFFICER OF BOSTON UNIVERSITY, EACH DEVOTE FOUR HOURS OR LESS EACH PER WEEK TO FACULTY PRACTICE FOUNDATION, INC., AND EAST CONCORD MEDICAL FOUNDATION, INC. JAMES M. BECKER MD, JEFFREY H. SPIEGEL MD, TIMOTHY E. FOSTER MD, AND TONY TANNOURY MD, FOUR OF THE HIGHEST COMPENSATED EMPLOYEES OF BOSTON UNIVERSITY, EACH DEVOTE 50 HOURS OR LESS PER WEEK TO FACULTY PRACTICE FOUNDATION, INC. TRUSTEES ADAM SWEETING AND KATHERYN PFISTERER DARR WERE COMPENSATED AS FACULTY MEMBERS, NOT AS TRUSTEES. FORM 990, PART XI, LINE 5 AMOUNTS SHOWN IN LINE 5 AS OTHER CHANGES IN NET ASSETS OR FUND BALANCES CONSIST OF UNREALIZED GAINS/(LOSSES) ON UNIVERSITY INVESTMENTS AND SWAP TRANSACTIONS.
SCHEDULE K, PART I, LINE C   MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MDFA) - SERIES U-1, U-2, U-3, U-4, U-5, AND U-6 BONDS IN THE AMOUNT OF $536,365,000 WERE ISSUED TO CURRENTLY REFUND MDFA SERIES R AND MASSACHUSETTS HEFA SERIES Q BONDS IN THE AMOUNT OF $336,365,000. THE BALANCE OF SERIES U PROCEEDS IN THE AMOUNT OF $200,000,000 WERE NEW MONEY BONDS. SCHEDULE K, PART I, LINE D MDFA SERIES V1, V2 AND V3 BONDS IN THE AMOUNT OF $117,370,000 WERE ISSUED TO CURRENTLY REFUND MDFA SERIES U-6B AND U-6D BONDS IN THE AMOUNT OF $73,370,000 AND MASSACHUSETTS HEFA SERIES H BONDS IN THE AMOUNT OF $44,000,000. SCHEDULE K, PART II, LINES 5-7, COLUMNS A-D COST OF ISSUANCE IN THE AMOUNT OF $355,425 IS COMPRISED OF ISSUANCE COSTS TOTALING $197,925 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $157,500. COLUMN B: COST OF ISSUANCE IN THE AMOUNT OF $1,008,534 IS COMPRISED OF ISSUANCE COSTS TOTALING $276,204 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $732,330. COLUMN C: COST OF ISSUANCE IN THE AMOUNT OF $863,269 IS COMPRISED OF ISSUANCE COSTS TOTALING $364,667 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $498,602. COLUMN D: COST OF ISSUANCE IN THE AMOUNT OF $395,000 IS COMPRISED OF ISSUANCE COSTS TOTALING $150,179 AND UNDERWRITERS DISCOUNT IN THE AMOUNT OF $244,821. SCHEDULE K, PART III, LINES 4 & 5, COLUMNS A-C The University finances capital projects with both equity and debt and made a timely election to allocate equity proceeds to any private business use for the referenced debt issues. If private business use for the referenced debt issues does not exceed the equity allocation, the private business use is reported as 0.00%. SCHEDULE K, PART IV, LINES 3A & 3B, COLUMN C THE HEDGES THAT ARE ALL OR IN PART IDENTIFIED WITH MDFA - SERIES U-1, U-2, U-3, U-4, U-5 AND U-6 BONDS ARE AS FOLLOWS: WELLS FARGO: 30 YEARS, GOLDMAN SACHS: 20-33 YEARS, MERRILL LYNCH: 33-34 YEARS, AND DEUTSCHE BANK: 34 YEARS. SCHEDULE K, PART IV, LINE 5, COLUMNS B-C UNSPENT PROCEEDS THAT WERE NOT DRAWN FOR CAPITAL EXPENDITURES DURING THE PRESCRIBED AVAILABLE TEMPORARY PERIOD WERE NOT INVESTED ABOVE THE BOND YIELD.
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Robert A. Brown TITLE:PRESIDENT HOURS:1
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Martin J. Howard TITLE:SR VP, CFO & TREASURER HOURS:2
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Karen H. Antman TITLE:MEDICAL CAMPUS PROVOST HOURS:4
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:GARY W. NICKSA TITLE:SR VP FOR OPERATIONS HOURS:5
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:James M. Becker TITLE:PROFESSOR & PHYSICIAN(RETIRED) HOURS:49
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Jeffrey H. Spiegel TITLE:PROFESSOR & PHYSICIAN HOURS:50
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Timothy E. Foster TITLE:PROFESSOR & PHYSICIAN HOURS:50
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Tony Tannoury TITLE:PROFESSOR & PHYSICIAN HOURS:50
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ARAM V. CHOBANIAN TITLE:PRESIDENT (RETIRED) HOURS:5
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

Additional Data


Software ID:  
Software Version:  
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
TRUSTEES OF BOSTON UNIVERSITY
 
Employer identification number

04-2103547
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







(1) Lure Restaurant Group LLC
650 Beacon Street S 501
Boston,MA02215
80-0032198 		Restaurant MA 4,844,707 2,415,235 BU TRUSTEES
 
(2) University Inn LLC
650 Beacon Street S 501
Boston,MA02215
04-3493329 		Hotel MA 1,527,367 57,343,484 BU TRUSTEES
 
(3) HAWTHORNE LOUNGE LLC
500A COMMONWEALTH AVENUE
BOSTON,MA02215
45-1859454 		LOUNGE MA -31,319 1,311,880 BU TRUSTEES
 
(4) BU FUNDING LLC
108 BAY STATE ROAD
BOSTON,MA02215
87-0773653 		LLC MA   47,622,000 BU TRUSTEES
 




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) Boston Emergency Physician Foundation

860 Harrison Avenue

Boston,MA02118
04-3286156 		Medicine MA 501C3 11c III-FI na
 
 
No
(2) Boston Rehabilitation Med Assoc Inc

732 Harrison Avenue

Boston,MA02118
04-3286641 		Medicine MA 501C3 11c III-FI na
 
 
No
(3) BU Cardiac & Thoracic Surgical Fdn Inc

88 E Newton Street

Boston,MA02118
04-2966416 		Medicine MA 501C3 11c III-FI na
 
 
No
(4) Boston University Dermatology Inc

49 Pearl Street

Brockton,MA02301
04-3335166 		Medicine MA 501C3 11c III-FI na
 
 
No
(5) BU Dermatology Support Services I Inc

49 Pearl Street

Brockton,MA02301
04-3452877 		Medicine MA 501C3 11c III-FI na
 
 
No
(6) BU Dermatology Support Services II Inc

49 Pearl Street

Brockton,MA02301
04-3452874 		Medicine MA 501C3 11c III-FI na
 
 
No
(7) Boston University Eye Associates Inc

720 Harrison Avenue 10th Fl

Boston,MA02118
04-3137333 		Medicine MA 501C3 11c III-FI na
 
 
No
(8) Boston University Family Medicine Inc

1 Boston Medical Ctr Pl Suite 2

Boston,MA02118
04-3354353 		Medicine MA 501C3 11c III-FI na
 
 
No
(9) BU General Surgical Associates Inc

720 Harrison Avenue Suite 700

Boston,MA02118
04-3265008 		Medicine MA 501C3 11c III-FI na
 
 
No
(10) BU Mallory Pathology Associates Inc

784 Massachusetts Avenue

Boston,MA02118
04-2794543 		Medicine MA 501C3 11c III-FI na
 
 
No
(11) BU Medical Center Anesthesiologists Inc

88 East Newton Street

Boston,MA02118
04-3276227 		Medicine MA 501C3 11c III-FI na
 
 
No
(12) BU Medical Center Urologists Inc

720 Harrison Avenue

Boston,MA02118
04-3286643 		Medicine MA 501C3 11c III-FI na
 
 
No
(13) BU Neurology Associates Inc

720 Harrison Avenue 707

Boston,MA02118
04-3428462 		Medicine MA 501C3 11c III-FI na
 
 
No
(14) BU Neurosurgical Associates Inc

88 East Newton Street

Boston,MA02118
04-3296068 		Medicine MA 501C3 11c III-FI na
 
 
No
(15) BU Obstetrics & Gynecology Fdn Inc

750 Harrison Avenue Suite 1105

Boston,MA02118
04-3067465 		Medicine MA 501C3 11c III-FI na
 
 
No
(16) BU Orthopaedic Surgical Associates Inc

720 Harrison Avenue 808

Boston,MA02118
04-3354360 		Medicine MA 501C3 11c III-FI na
 
 
No
(17) BU Plastic Surgery Association Inc

720 Harrison Avenue Suite 906

Boston,MA02118
04-3555478 		Medicine MA 501C3 11c III-FI na
 
 
No
(18) BU Psychiatry Associates Inc

720 Harrison Avenue Suite 906

Boston,MA02118
04-3355267 		Medicine MA 501C3 11c III-FI na
 
 
No
(19) BU Medical Center Radiologists Inc

88 East Newton Street

Boston,MA02118
04-3283573 		Medicine MA 501C3 11c III-FI na
 
 
No
(20) BU Surgical Associates Inc

660 Harrison Avenue 3rd Floor

Boston,MA02118
04-3291148 		Medicine MA 501C3 11c III-FI na
 
 
No
(21) Child Health Foundation of Boston Inc

1 Boston Medical Center Place

Boston,MA02118
04-2472758 		Medicine MA 501C3 11c III-FI na
 
 
No
(22) Evans Medical Foundation Inc

88 East Newton Street 107

Boston,MA02118
51-0172171 		Medicine MA 501C3 11c III-FI na
 
 
No
(23) Faculty Practice Foundation Inc

660 Harrison Avenue 3rd Floor

Boston,MA02118
04-3289381 		Medicine MA 501C3 11b II na
 
 
No
(24) Mercond Inc

881 Commonwealth Avenue

Boston,MA02215
04-3099628 		Holding Co. MA 501C2 n/a BU TRUSTEES
 
Yes
 
(25) BU MEDICAL CENTER OTOLARYNGOLOGIC FDN

88 NEWTON STREET

BOSTON,MA02118
04-3156471 		MEDICINE MA 501C3 11C III-FI NA
 
 
No
(26) THE MASS GREEN HIGH PERF COMPUTING CTR

77 MASS AVE

CAMBRIDGE,MA02139
27-3014805 		RESEARCH CTR MA 501C3 11A-I NA
 
 
No
(27) MGHPCC HOLYOKE INC

77 MASS AVE

CAMBRIDGE,MA02139
45-2257442 		RESEARCH CTR MA 501C3 11A-I NA
 
 
No
(28) BOSTON UNIVERSITY (USA) LONDON CHARITY

5-10 ST PAULS CHURCHYARD
LONDON   EC4M 8AL
UK
EDU. SUPPORT UK   N/A BU TRUSTEES
 
Yes
 
(29) EAST CONCORD MEDICAL FOUNDATION INC

88 E NEWTON STREET

BOSTON,MA02118
04-6048207 		EDU. SUPPORT MA 11C III-FI 501C3 NA
 
 
No
(30) BOSTON UNIVERSITY FOUNDATION - INDIA

S-405 LGF GREATER KAILASH-11
NEW DELHI   110048
IN
EDU. SUPPORT IN   N/A BU TRUSTEES
 
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) EUSA LLP

1A QUEENSBERRY PLACE
LONDON   SW7 2DL
UK
EDUCATION UK BU EUREUSA LLP
  		  482,303 380,806   No     No 100.000 %
(2) SMALLPHARMA LLC

881 COMMONWEALTH AVENUE 4TH FLOOR
BOSTON,MA02215
04-3398901 		R&D MFG MA 520 CORP
  		    21,385   No   Yes   99.000 %










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
(1) 520 Commonwealth Avenue Real Estate Corp
881 Commonwealth Avenue
Boston,MA02215
04-2272027 		Real Estate MA BU TRUSTEES
  		c Corp 18,859,596 10,462,540 100.000 %
(2) LURE RESTAURANT GROUPEastern Standard
650 Beacon Street Suite 501
Boston,MA02215
20-2680347 		Restaurant MA BU TRUSTEES
  		S Corp 6,793,021 3,493,195 95.000 %
(3) CHARITABLE REMAINDER TRUSTS (16)
 
 
SUPPORT MA BU TRUSTEES
  		TRUST      
(4) BOSTON UNIVERSITY (USA) EUROPE LIMITED
1A QUEENSBERRY PLACE
LONDON   SW7 2DL
UK
EDU. SUPPORT UK BU(USA)LONDON
  		CORP 583,216 12,209 100.000 %
(5) EUSA (UK) LIMITED
1A QUEENSBERRY PLACE
LONDON   SW7 2DL
UK
EDU. SUPPORT UK BU(USA)EUROPE
  		CORP -783 1 100.000 %
(6) 660 CORPORATION
881 COMMONWEALTH AVENUE
BOSTON,MA02215
04-2787737 		CONVENIENT STORES MA 520 CORP
  		CORP. 7,624,043 9,913,953 100.000 %
(7) AKEAH INC
881 COMMONWEALTH AVENUE
BOSTON,MA02215
04-3003380 		LESSOR OF RE MA 520 CORP
  		CORP. 222,363 483,211 100.000 %
(8) COSIF
VIRIATO 73 BAJO DERECHA
MADRID   28010
SP
EDU. SUPPORT SP BU(USA)EUROPE
  		CORP. 8,822 40,113 100.000 %
(9) EUSA SARL
RUE DES PIERRES-DUE-NITON 17-19
GENEVE   1207
SZ
EDU. SUPPORT SZ EUSA LLP
  		CORP. -51,117 8,215 100.000 %
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
 
No
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
No
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
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
 
No
k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
No
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
 
No
p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
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) 520 COMMONWEALTH AVENUE REAL ESTATE CORP

 I 621,333 ACTUAL PAYMENT
(2) 520 COMMONWEALTH AVENUE REAL ESTATE CORP

 N 200,000 ACTUAL PAYMENT
(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
Additional Data


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