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
THE COMMON FUND FOR NONPROFIT ORGANIZATIONS
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
15 OLD DANBURY ROAD PO BOX 812
 
Room/suite
City or town, state or country, and ZIP + 4
WILTON, CT068970812
D Employer identification number

23-7037968
E Telephone number

G Gross receipts $ 14,326,751,852
F Name and address of principal officer:
VERNE SEDLACEK
15 OLD DANBURY ROAD
PO BOX WILTON,CT068970812
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
www.commonfund.org
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1969
M State of legal domicile: NY
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO ENHANCE THE FINANCIAL RESOURCES OF EDUCATIONAL ORGANIZATIONS (DEFINED UNDER SECTION 170(B)(1)(A)(II) AND (IV) OF THE IRC) AND TO HELP THEM IMPROVE INVESTMENT MANAGEMENT PRACTICES.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a)..... 3 11
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 10
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ... 5 85
6 Total number of volunteers (estimate if necessary) .... 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 8,089
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b  
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 0
9 Program service revenue (Part VIII, line 2g) ......... 17,615,439 14,940,534
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 520,786,047 156,432,692
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 13,910,312 12,623,626
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 552,311,798 183,996,852
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 0 0
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) 18,110,000 18,289,476
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 26,153,923 27,216,501
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 44,263,923 45,505,977
19 Revenue less expenses. Subtract line 18 from line 12....... 508,047,875 138,490,875
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 7,362,300,176 5,748,183,530
21 Total liabilities (Part X, line 26)............. 367,648,764 186,098,440
22 Net assets or fund balances. Subtract line 21 from line 20..... 6,994,651,412 5,562,085,090
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 $ 45,505,977 including grants of $   ) (Revenue $ 183,988,763 )
THE COMMON FUND FOR NON-PROFIT ORGANIZATIONS ("COMMONFUND") IS A NON-PROFIT CORPORATION, EXEMPT UNDER IRC SECTION 501(F), FORMED TO ENABLE COLLEGES, UNIVERSITIES AND INDEPENDENT SCHOOLS TO JOIN TOGETHER IN OBTAINING PROFESSIONAL MANAGEMENT OF THEIR ENDOWMENTS AND LONG-TERM INVESTMENT FUNDS. PURSUANT TO IRC SECTION 501(F), COMMONFUND IS ORGANIZED AND OPERATED SOLELY TO HOLD, COMMINGLE, AND COLLECTIVELY INVEST AND REINVEST IN STOCKS AND SECURITIES, THE MONEY CONTRIBUTED BY ITS MEMBER SCHOOLS, AND TO COLLECT INCOME THEREFROM AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ITS MEMBER SCHOOLS.
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$ 45,505,977
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 III........................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part IClick to see attachment....................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
 
No
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
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
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II.. Click to see attachment
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III.. Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statement to this return? Note. All Form 990 filers that operated one or more hospitals must attach audited financial statements.
20b
 
 
Form 990 (2011)
Form 990 (2011)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..
21
 
No
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.....
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
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
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
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
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV.. Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2........... Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2011)
Form 990 (2011)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V .........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
129
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
85
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: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2011)
Form 990 (2011)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI .........
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
If the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
1a
11
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
10
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? .................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ............
7b
 
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
 
No
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
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
NY
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
JOHN W AUCHINCLOSS
15 OLD DANBURY ROAD PO BOX 812
WILTON,CT068970812
(203) 563-5107
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) WILLIAM N GOETZMANN
TRUSTEE
 3.0 X           60,000 0 0
(2) FREDERICK L A GRAUER
TRUSTEE
 3.0 X           55,000 0 0
(3) LAURANCE R HOAGLAND JR
TRUSTEE
 3.0 X           75,000 0 0
(4) ELIZABETH HUIDEKOPER
TRUSTEE
 3.0 X           50,000 0 0
(5) BRADFORD K GALLAGHER
TRUSTEE
 3.0 X           50,000 0 0
(6) LESLIE E BAINS
TRUSTEE
 3.0 X           50,000 0 0
(7) DR DAVID M BARRETT
TRUSTEE
 3.0 X           52,500 0 0
(8) WILLIAM E TRUEHEART
TRUSTEE
 3.0 X           50,000 0 0
(9) BRUCE ZIMMERMAN
TRUSTEE
 3.0 X           50,000 0 0
(10) KEITH SCHAPPERT
TRUSTEE
 3.0 X           50,000 0 0
(11) ROBERT LITTERMAN
TRUSTEE
 3.0 X           50,000 0 0
(12) CHARLES PIPPIN
TRUSTEE
 3.0 X           0 0 0
(13) DOUGLAS T BREEDEN
TRUSTEE
 3.0 X           0 0 0
(14) E LYNDON TEFFT
EXECUTIVE VP & TREASURER
 40.0     X       727,509 0 57,019
(15) JOHN W AUCHINCLOSS
SECRETARY & GENERAL COUNSEL
 40.0     X       510,546 0 62,357
(16) VERNE O SEDLACEK
PRESIDENT & CEO
 40.0     X       1,960,210 0 61,351
(17) DAVID BELMONT
CHIEF RISK MANAGEMENT OFFICER
 40.0       X     530,056 0 15,566
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) KEITH LUKE
CHIEF STRATEGIC PLANNING
 40.0       X     439,180 0 61,062
(19) ALYSSA KRAFT
MANAGING DIRECTOR
 40.0         X   363,164 0 61,022
(20) JAMES FEENEY
MANAGING DIRECTOR
 40.0         X   399,662 0 54,783
(21) ROBERT PHAY JR
ASSOCIATE GENERAL COUNSEL
 40.0         X   383,668 0 61,040
(22) STEPHEN SLADE
MANAGING DIRECTOR
 40.0         X   423,821 0 61,062
(23) JOHN S GRISWOLD
EXECUTIVE DIRECTOR
 40.0         X   359,049 0 60,997














1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 6,689,365 0 556,259
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet39
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
 
No
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
STATE STREET BANK TRUST COMPANY
PO BOX 5488
BOSTON,MA02206 		CUSTODIAN FEES 3,800,186
GLG INC
ONE CURZON STREET
LONDON,0W1J5HB
UK 		INVEST. ADVISOR 1,930,121
MANSFIELD COMMUNICATIONS
18 MILTON PLACE
ROWAYTON,CT06853 		PUBLICATION 990,417
PRICEWATERHOUSECOOPERS LLP
PO BOX 7247-8001
PHILADELPHIA,PA191708001 		ACCOUNTING SERVICES 980,681
MARSH USA INC
16937 Collections Center Drive
CHICAGO,IL60693 		INSURANCE BROKERAGE 910,155
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet33
Form 990 (2011)
Form 990 (2011)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		 
g Noncash contributions included in lines 1a-1f:$  
h Total. Add lines 1a-1f.......MediumBullet 0
Program Service Revenue Business Code
2a PARTICIPANT FEES 900,099 14,940,534 14,940,534    
b
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 14,940,534
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 43,706,692 43,698,603 8,089 0
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties............MediumBullet 0      
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 14,255,481,000  
b Less: cost or other basis and sales expenses 14,142,755,000  
c Gain or (loss) 112,726,000  
d Net gain or (loss)..........MediumBullet 112,726,000 112,726,000    
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a TRANSFER PRICING REVENUE 900,099 12,615,493 12,615,493    
b MISCELLANEOUS REVENUE 900,099 8,133 8,133    
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 12,623,626
12 Total revenue. See Instructions....MediumBullet 183,996,852 183,988,763 8,089 0
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 0  
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 0  
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 0  
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 5,298,846 5,298,846    
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages 9,896,589 9,896,589    
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 996,142 996,142    
9 Other employee benefits ....... 1,322,936 1,322,936    
10 Payroll taxes ........... 774,963 774,963    
11 Fees for services (non-employees):        
a Management ...... 1,299,904 1,299,904    
b Legal ......... 394,348 394,348    
c Accounting ........... 248,175 248,175    
d Lobbying ........... 0      
e Professional fundraising. See Part IV, line 17.. 0  
f Investment management fees ...... 9,663,908 9,663,908    
g Other .......... 1,200,498 1,200,498    
12 Advertising and promotion .... 939,519 939,519    
13 Office expenses ....... 1,026,397 1,026,397    
14 Information technology ...... 1,813,219 1,813,219    
15 Royalties .. 0      
16 Occupancy ........... 1,397,232 1,397,232    
17 Travel ............ 1,224,840 1,224,840    
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 2,440,205 2,440,205    
20 Interest ........... 0      
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 152,957 152,957    
23 Insurance .............. 223,296 223,296    
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 MISCELLANEOUS EXPENSES 132,003 132,003 0 0
b LITIGATION EXPENSE 5,060,000 5,060,000    
c
d
e
f All other expenses        
25 Total functional expenses. Add lines 1 through 24f 45,505,977 45,505,977 0 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2011)
Form 990 (2011)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 0 1 0
2 Savings and temporary cash investments ....... 157,402,061 2 105,718,640
3 Pledges and grants receivable, net ......... 0 3 0
4 Accounts receivable, net ......... 294,491,593 4 156,409,893
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 ............. 0 7 0
8 Inventories for sale or use .............. 0 8 0
9 Prepaid expenses and deferred charges ............ 958,837 9 835,250
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 2,138,765
b Less: accumulated depreciation. ..... 10b 1,578,911 99,387 10c 559,854
11 Investments—publicly traded securities .......... 0 11 0
12 Investments—other securities. See Part IV, line 11 ...... 6,891,496,693 12 5,474,384,744
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 ........... 17,851,605 15 10,275,149
16 Total assets. Add lines 1 through 15 (must equal line 34)... 7,362,300,176 16 5,748,183,530
Liabilities 17 Accounts payable and accrued expenses . 365,691,764 17 179,408,440
18 Grants payable .......... 0 18 0
19 Deferred revenue .......... 0 19 0
20 Tax-exempt bond liabilities .......... 0 20 0
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 .. 0 23 0
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..... 1,957,000 25 6,690,000
26 Total liabilities. Add lines 17 through 25..... 367,648,764 26 186,098,440
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 .....   27  
28 Temporarily restricted net assets .....   28  
29 Permanently restricted net assets .....   29  
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 ..... 0 30 0
31 Paid-in or capital surplus, or land, building or equipment fund ..... 0 31 0
32 Retained earnings, endowment, accumulated income, or other funds 0 32 0
33 Total net assets or fund balances ..... 6,994,651,412 33 5,562,085,090
34 Total liabilities and net assets/fund balances ..... 7,362,300,176 34 5,748,183,530
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
183,996,852
2
Total expenses (must equal Part IX, column (A), line 25) ....
2
45,505,977
3
Revenue less expenses. Subtract line 2 from line 1 ...
3
138,490,875
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
6,994,651,412
5
Other changes in net assets or fund balances (explain in Schedule O) ...
5
-1,571,057,197
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
5,562,085,090
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
 
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
 
 
Form 990 (2011)
Additional Data


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

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

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

23-7037968
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)
 
No
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
No
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
No
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
(1) SEE SCHEDULE A - SUPPLEMENTAL INFORMATION
  		999999999 02   No         0
(2) SEE SCHEDULE A - SUPPLEMENTAL INFORMATION
  		999999999 05   No         0
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
THE COMMON FUND FOR NON-PROFIT ORGANIZATIONS ("COMMONFUND") IS A NON-PROFIT CORPORATION, EXEMPT UNDER IRC SECTION 501(F), FORMED TO ENABLE COLLEGES, UNIVERSITIES AND INDEPENDENT SCHOOLS TO JOIN TOGETHER IN OBTAINING PROFESSIONAL MANAGEMENT OF THEIR ENDOWMENTS AND LONG-TERM INVESTMENT FUNDS. PURSUANT TO IRC SECTION 501(F), COMMONFUND IS ORGANIZED AND OPERATED SOLELY TO HOLD, COMMINGLE, AND COLLECTIVELY INVEST AND REINVEST IN STOCKS AND SECURITIES, THE MONEY CONTRIBUTED BY ITS MEMBER SCHOOLS, AND TO COLLECT INCOME THEREFROM AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ITS MEMBER SCHOOLS.
A.T. Still University of Health Sciences; Albion College; All Souls School; American Baptist Seminary of the West; American Community School of Beirut, Lebanon; American Film Institute; American University in Bulgaria; Andrews University; Arbor Montessori School; Arcadia University; Arkansas Alumni Association, Inc.; Asbury University; Atlantic Community College Foundation; Augsburg College; Austin Peay State University; Austin Peay State University Foundation; Azusa Pacific University; Bakersfield College Foundation; Baldwin-Wallace University; Bangor Theological Seminary; Belmont Day School; Bethany College; Bethel College; Biblical Theological Seminary; Bishop Dunne Catholic School Inc.; Bishop Lynch High School; Bloomsburg University; Bradley University; Breck School; Bridgewater State University Foundation; Bridgton Academy; Bristol Community College; Brookwood School; Broome Community College Foundation, Inc.; Brophy College Preparatory; Bucknell University; Buffalo State College Foundation, Inc.; Burgundy Farm Country Day School; C.S.U., Bakersfield Foundation; C.S.U., Chico Research Foundation; C.S.U., Fresno Association; Cal Poly Pomona Foundation; Calvin College; Canterbury School; Cape Henry Collegiate School; Capitol College; Cardigan Mountain School; Carolina Day School, Inc.; Cazenovia College; Central College; Central Michigan University; Central Oregon Community College Fdn.; Central Texas College Foundation; Charles Wright Academy; Cheverus High School; Children's Day School, Inc.; Clarion University Foundation, Inc.; Clark State Community College Foundation; Clarkson University; Clinton Community College Fdn., Inc.; Coastal Educational Foundation, Inc.; Coe College; College of Saint Benedict; College of St. Joseph; College of the Sequoias Foundation; Collegiate School; Colorado School of Mines Foundation; Columbus School for Girls; Community College of Philadelphia; Community College of Philadelphia Foundation; Community Colleges of Spokane Foundation; Community Day Nursery; Community Music Center, San Francisco; Concordia College; Concordia University; Connecticut State University System Foundation Inc; County College of Morris Foundation; Cranbrook Educational Community; Cuesta College Foundation; CUNY, York College; Currey Ingram Academy; De La Salle Academy; De La Salle Institute; Dean College; Delaware Valley Friends School; Denver Seminary; Don Bosco Technical Institute; Dordt College; Dublin School, Inc.; Duke School; Dunn School; Durham Academy; Dutchess Community College Foundation Inc.; Eastern Michigan University Foundation; Eastern Washington University; Eastside College Preparatory School, Inc.; East-West University; Edinboro University Foundation; Elmhurst College; Embry Riddle Aeronautical University; Empire State College Foundation; Endicott College; Episcopal School; Ethical Culture Schools, Robert B. Hirsch Fund; Fairfield University; Fairleigh Dickinson University; Falmouth Academy; Fayetteville State University; Fdn for the University of the Virgin Islands, Inc.; Ferris State University; Ferrum College; First Presbyterian Nursery School of New Canaan; Fisk University; Five Colleges, Inc.; Flagler College, Inc.; Florida Southern College; Florida State College Foundation, Inc.; Fordham University; Fountain Valley School; Framingham State University; Franciscan University of Steubenville; Franklin W. Olin College of Engineering; Friends Academy; Friends' Central School Corp. PA; Friends' School, Inc.; Furman University; Gallaudet University; George Jackson Academy; Georgetown Day School; Germantown Friends School; Glendale College Foundation, Inc.; Golden Gate Baptist Theological Seminary; Golden Gate Kindergarten Association; Graduate Theological Union; Great Basin College Foundation; Green Acres School; Greensboro Day School; Greenwich Country Day School; Grove City College; Gulf Coast Community College Foundation; Gulf Stream School; Hampton University; Harding Academy; Hartwick College; Harvard-Westlake School; Hawaii Preparatory Academy; Highland Community College Foundation, IL; Holland Hall School; Holmes Community College; Holy Names University; Holy Trinity Episcopal Day School; Holyoke Community College; Holyoke Community College Foundation; Honolulu Waldorf School; Huntington University; Husson University; Idaho State University Foundation; Illinois Central College Educational Foundation; Illinois State University Foundation; Immaculate Conception Academy; Indiana University of Pennsylvania; Inter American University of Puerto Rico; Iona College; Itawamba Community College; J. Higdon Potter Educational Foundation; JCTC Foundation, Inc; Jesuit High School of New Orleans; Johnson University; Kalamazoo College; Kansas City Art Institute; Kansas State University Foundation; Katherine Delmar Burke School; KCTCS, Com & Tech College Fnd of Ashland,Inc.; KCTCS, Hopkinsville Community College Fdn,Inc.; KCTCS, Kentucky Comm. & Tech. College Sys. Fdn.; KCTCS, Kentucky Comm. & Tech. College System; KCTCS, Owensboro Comm. & Tech. College Fdn., Inc.; KCTCS, Paducah Junior College Inc; Keene School District; Kents Hill School; Kentucky Christian University; Kettering University; Keuka College; Kuyper College; La Pietra - Hawaii School for Girls; La Salle University; Laboure College; Laguna College of Art & Design; Lake Country School - Montessori; Lamar University - Beaumont; Lamplighter School; Lane Community College Foundation; Lawrence Technological University; Lawrence University; Lee College Foundation; Lick-Wilmerding High School; Lincoln University; Linn-Benton Community College Foundation; Logos Evangelical Seminary Foundation, Inc.; Loma Linda University; Louisville Collegiate School; Loyola College Prep; Loyola School; Lubbock Christian University; Luther Seminary; Lynchburg College;
Mansfield University Foundation; Mansfield University of PA; Marshall University; Mary Baldwin College; Marymount High School; Maryville University of St. Louis; Massasoit Community College; Maumee Valley Country Day School; McLennan Community College Foundation; McMurry University; McPherson College; Medical College of Virginia Foundation, Inc.; Mercersburg Academy; Meridian Community College Foundation; Methodist Theological School; Miami University; Miami University Foundation; Millersville University of PA; Minneapolis College of Art and Design; Minnesota Medical Foundation; MiraCosta College Foundation; Missionary Baptist Seminary; Mississippi State University Foundation, Inc.; Missouri State University Foundation; Mitchell College; Monmouth University; Montana Tech Foundation; Monte Cassino School, Inc.; Monterey College of Law; Moravian Academy; Morristown-Beard School; Mount Allison University; Mount Aloysius College; Mount Wachusett Community College Fdn., Inc.; Muhlenberg College; Nardin Academy; NC State Natural Resources Foundation, Inc.; NC State University Foundation; NC State University, Agriculture; NC State University, Engineering Foundation; NC State University, Physical & Math. Sciences; NC State University, Tobacco Foundation; NC State University, Veterinary Medicine Fdn.; New England College; New Jersey City University Foundation Inc.; New River Community College; Norfolk State University Foundation; North Arkansas College Foundation Inc.; North Central Missouri College; North Central Missouri College Foundation, Inc.; North Dakota State University Development Fdn.; North Idaho College Foundation; North Iowa Area Community College Foundation; North Shore Community College Foundation, Inc.; Northampton County Area Community College Fdn.; Northeast State Technical Community College Fdn.; Northeastern State University Foundation, Inc.; Northern Illinois University Foundation; Northern Oklahoma College Foundation; Northern State University Foundation; Northwest Village School; Northwestern College; Northwestern State University Foundation; Northwood University; Norwich University; Notre Dame De Namur University; Notre Dame Preparatory School; Oakland University; Oakton Community College Educational Foundation; Oakwood School, CA; Oakwood Stewardship, LLC.; Oakwood University; Oglethorpe University; Ojai Valley School; Oklahoma Baptist University; Oklahoma Christian University, Inc.; Oklahoma Medical Research Foundation; Oklahoma State Regents for Higher Education; Old Dominion University; Old Dominion University Research Foundation; Oldfields School, Inc.; Order of St. Benedict; Oswego College Foundation Inc; Otterbein University; Ouachita Baptist University; Pace University; Pacific Lutheran Theological Seminary; Pacific Primary School; Pacific School of Religion; Palmer Trinity Private School, Inc.; Parker School Trust Corporation; Peirce College; Pellissippi State Community College Fdn.; Pepperdine University; Phillips Academy; Piney Woods Country Life School; Point Loma Nazarene University; Polytechnic University of Puerto Rico; Pomfret School; Portland State University Foundation; Poughkeepsie Day School; Pratt Institute; Prescott College; Presentation College; Princeton University; Providence Day School; Purnell School; Putnam Indian Field School; Reading Area Community College, Fdn.; Reed College; Regis College; Rehoboth Christian School; Rider University; Rio Grande School; Riverside Community College District Foundation; Riverview School; Rivier College; Robert Morris University Illinois; Rochester Institute of Technology; Rockford College; Rockland Community College Association; Rohan Woods School; Rose State College Foundation; Rowland Hall-St. Mark's School; Rust College; Rutgers, The State University of New Jersey; Saint Bernard High School; Saint Louis Community College Foundation; Saint Mary's Hall; Salem Community College Foundation; Salpointe Catholic High School; Sam Houston State University; San Antonio Academy of Texas; San Diego State University Fdn.; San Domenico School for Girls dba San Domenico Sch; Santa Clara University; Sarah Lawrence College; School Year Abroad, Inc.; Sea Education Association, Inc.; Seattle Girls' School; Shawnee State University; Shippensburg University Foundation;
Skagit Valley College Foundation; Slippery Rock University Alumni Assn.; Solomon Schechter School of Westchester; Southeastern University, Inc.; Southern California College of Optometry; Southern California University of Health Sciences; Southern College of Optometry; Southern Connecticut State University Foundation; Southern Methodist University; Southern Nazarene University; Southern Polytechnic State University Fdn., Inc.; Southern Vermont College; Southwest VA Community College Educational Fdn,Inc; Southwestern University; Spartanburg Methodist College; Spelman College; Spring Hill College; St. Andrew's School of Delaware, Inc.; St. Bede Academy; St. Francis High School; St. Gregory College Preparatory School; St. James' School; St. John Fisher College; St. John's Country Day School; St. John's Preparatory School, Inc.; St. Margaret of Scotland Episcopal School; St. Matthew's Episcopal Day School; St. Michael's High School; St. Patrick's Episcopal Day School; St. Paul Academy and Summit School; St. Thomas School; St. Thomas University; Staten Island Academy; Suffield Academy; Sul Ross State University; SUNY, Canton College Foundation; SUNY, Geneseo Foundation; SUNY, Health Science Center at Syracuse; SUNY, Inst. of Technology Fdn. of Utica/Rome,Inc.; SUNY, Potsdam College Foundation; SUNY, Stony Brook Faculty Student Assn.; Temple University; Tenacre Country Day School; Tennessee Technological University Foundation; Thayer Academy; The Ancona School; The Baldwin School; The Bill and Vieve Gore Endowment Fund; The Bloomsburg University Foundation, Inc.; The Board of Trustees of the University of Alabama; The Brimmer and May School; The Children's Storefront; The Cobb School Montessori; The College of New Jersey; The College of William & Mary Foundation; The College Preparatory School; The Elisabeth Morrow School; The Ferris Foundation; The Foundation for Florida Gateway College, Inc.; The Foundation for Santa Barbara City College; The Governor's Academy; The Grosse Pointe Academy; The Hill Center; The Hillside School; The Hun School of Princeton; The Institute for Effective Education; The John Cooper School; The Key School; The Lab School of Washington; The Learning Project; The Marshall University Foundation, Inc.; The Methodist University, Inc.; The Miami Valley School; The National Judicial College; The Ohio State University; The Packer Collegiate Institute; The Paideia School; The Pegasus School; The Pembroke Hill School; The Potomac School; The Royal Inst. for the Advancement of Learning; The Southern California School of Evangelism; The Summit Country Day School; The Trustees of the Cushing Academy; The University Corporation, C.S.U. Northridge; The Ursuline Academy of Dallas, Inc.; The Vanguard School of Lake Wales; The Wheeler School; The William and Mary Investment Trust; The Winston School; The Wolf Pack Endowment Fund, Inc. dba AAUN; Tower Hill School Association; Town School for Boys; Tri-County Technical College Foundation; Trinity Christian College; Trinity Episcopal School, LA; Trinity Lutheran Seminary; Trinity University; Trinity Valley School; Trustees of Mount Holyoke College; Union Institute & University; University of Alabama at Birmingham; University of Central Oklahoma Foundation; University of La Verne; University of Louisville Foundation, Inc.; University of Maine Pulp & Paper Foundation; University of Maine System; University of Mary; University of Mary Hardin-Baylor; University of Maryland Law School - WPT; University of Nevada School of Medicine; University of Nevada, Reno Foundation; University of North Texas; University of Puget Sound; University of Rio Grande; University of South Alabama; University of South Alabama Foundation; University of South Florida Foundation; University of Tennessee Research Corporation; University of Utah; University of Vermont; University of Washington Pulp & Paper Fdn; University of Wisconsin, Paper Science Fdn; University of Wyoming; University School of Milwaukee Endowment Fund; Utah State University; Valley Forge Educational Services; Vassar College; Vaughn College of Aeronautics and Technology; Vermont Academy; Vermont Law School; Villanova Preparatory School; Virginia Commonwealth University Foundation; Virginia Wesleyan College; Washtenaw Community College Foundation; Wayland Academy; Wayne State Foundation; Waynflete School; Weber State University; West Chester University; West Side Montessori School; West Valley Mission Community College District; West Virginia University; West Virginia University Foundation; Western Carolina University; Western Illinois University Foundation; Western Washington University Alumni Assoc.; Western Washington University Foundation; Westfield State University; Westminster College; Westminster College of Salt Lake City; Whittier College; Whitworth University; Widener University; Willamette University; William Rainey Harper College Educational Fdn; Wilmington Friends School; Wisconsin Law Alumni Association; Woodstock Academy; Woodstock Theological Center; Wright Institute; Xavier University of Louisiana; York School;
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
THE COMMON FUND FOR NONPROFIT ORGANIZATIONS
 
Employer identification number

23-7037968
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) ...... 0  
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ................... 0  
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ............... 0  
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		 0  
  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) ................. 0  
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................ 0  
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................ 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 0 0 0 0 0
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		        0
             
c Total lobbying expenditures     0 0 0
             
d Grassroots nontaxable amount     0 0 0
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		         0
             
f Grassroots lobbying expenditures     0 0 0
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? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? ..........................
 
 
 
j
Total. Add lines 1c through 1i ...............................
 
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
SCHEDULE C, PART II-A LOBBYING ACTIVITIES THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") CONTINUES TO MAINTAIN ITS ELECTION UNDER SECTION 501(H). DURING THE TAX YEAR ENDED JUNE 30, 2012, COMMONFUND DID NOT ATTEMPT TO INFLUENCE NATIONAL, STATE,OR LOCAL LEGISLATION INCLUDING ANY ATTEMPT TO INFLUENCE PUBLIC OPINION ON A LEGISLATIVE MATTER OR REFERENDUM. COMMONFUND DID NOT INCUR ANY EXPENSES IN CONNECTION WITH 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
THE COMMON FUND FOR NONPROFIT ORGANIZATIONS
 
Employer identification number

23-7037968
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958), relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2011

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

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................        
c Leasehold improvements ............        
d Equipment ................   983,124 829,352 153,772
e Other .................   1,155,641 749,559 406,082
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 559,854
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) INVESTMENTS AT VALUE 		5,474,384,744 F








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 5,474,384,744
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
OPEN OPTIONS CONTRACTS 21,000
UNREAL. DEPR. FORWARD FOREIGN CONT. 514,000
SWAP CONTRACTS 1,095,000
LITIGATION EXPENSE 5,060,000





Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 6,690,000
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) .................... 1 183,996,852
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 45,505,977
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 138,490,875
4 Net unrealized gains (losses) on investments .......................... 4 -324,729,869
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV.) ................................. 8 152,650,262
9 Total adjustments (net). Add lines 4 through 8 ......................... 9 -172,079,607
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 -33,588,732
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 77,142,586
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a -324,729,869
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV.) ............ 2d 137,086,603
e Add lines 2a through 2d ..................... 2e -187,643,266
3 Subtract line 2e from line 1..................... 3 264,785,852
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 -80,789,000
c Add lines 4a and 4b....................... 4c -80,789,000
5 Total Revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 183,996,852
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 110,731,318
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 79,693,341
e Add lines 2a through 2d...................... 2e 79,693,341
3 Subtract line 2e from line 1..................... 3 31,037,977
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 14,468,000
c Add lines 4a and 4b....................... 4c 14,468,000
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 45,505,977
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 X, LINE 2 FIN 48 DISCLOSURE THE COMMON FUND FOR NONPROFIT ORGANIZATIONS IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTIONS 501(C)(3) AND 501(F) OF THE INTERNAL REVENUE CODE. CERTAIN COMMONFUND SUBSIDIARIES ARE SUBJECT TO FEDERAL, STATE AND LOCAL INCOME TAXES. INCOME TAXES FOR THOSE SUBSIDIARIES ARE RECORDED UNDER THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARD'S BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS PROVIDES THAT A TAX BENEFIT FROM AN UNCERTAIN POSITION MAY BE RECOGNIZED WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON TECHNICAL MERITS OF THE POSITION. INCOME TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AT THE EFFECTIVE DATE TO BE RECOGNIZED UPON THE ADOPTION IN SUBSEQUENT PERIODS. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING FOR INTERIM PERIODS, DISCLOSURE AND TRANSITION. COMMONFUND'S POLICY IS TO ACCRUE INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS AS OTHER EXPENSES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS, AND THE CORRESPONDING LIABILITY IN ACCOUNTS PAYABLE AND ACCRUED EXPENSES, IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION.
SCHEDULE D, PART XI, LINE 8 OTHER ADJUSTMENTS RELATED ORGANIZATIONS NET INCOME (22,305,441) ENDOWMENT FUND NET INCOME 174,955,000 INTERCOMPANY INTEREST 673 TOTAL 152,650,262
SCHEDULE D, PART XII, LINE 2D OTHER AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12 RELATED ORGANIZATIONS AND SUBSIDIARIES REVENUE 57,387,930 INTERCOMPANY INTEREST 673 ENDOWMENT FUND CROSSFUND INCOME 84,758,000 LITIGATION EXPENSE (RECLASSED TO EXPENSE) (5,060,000) TOTAL 137,086,603
SCHEDULE D, PART XII, LINE 4B OTHER AMOUNTS INCLUDED ON FORM 990, PART VIII, LINE 12 BUT NOT ON LNE 1 ENDOWMENT FUND REVENUE (80,789,000)
SCHEDULE D, PART XIII, LINE 2D OTHER AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25 RELATED ORGANIZATIONS AND SUBSIDIARIES EXPENSES 79,693,341
SCHEDULE D, PART XIII, LINE 4B OTHER AMOUNTS INCLUDED ON FORM 990, PART IX, LINE 25 BUT NOT ON LINE 1 ENDOWMENT FUND EXPENSES 9,408,000 LITIGATION EXPENSE (RECLASSED FROM REVENUE) 5,060,000 TOTAL 14,468,000
Schedule D (Form 990) 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
THE COMMON FUND FOR NONPROFIT ORGANIZATIONS
 
Employer identification number

23-7037968
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   1,412,121,000
East Asia and the Pacific     Investments   57,249,000
Europe (Including Iceland and Greenland)     Investments   118,424,000
Middle East and North Africa     Investments   1,001,000
North America     Investments   22,186,000
South America     Investments   1,923,000
Europe (Including Iceland and Greenland)   2 Maintaining offices   2,763,077
           
           
           
           
           
           
           
           
           
           
3a Sub-total .....   2 1,615,667,077
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b)   2 1,615,667,077
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,
Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet
Use Part V if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2
Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .....MediumBullet
 
3
Enter total number of other organizations or entities ........................MediumBullet
 
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Use Part V if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................
2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 5
Part V
Supplemental Information
Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
Identifier ReturnReference Explanation
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2011
Additional Data


Software ID:  
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
THE COMMON FUND FOR NONPROFIT ORGANIZATIONS
 
Employer identification number

23-7037968
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all the expenses described above? If "No," complete Part III to explain....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
 
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
 
No
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) ALYSSA KRAFT (i)
(ii)		 202,762
0 		160,402
0 		0
0 		35,865
0 		25,157
0 		424,186
0 		0
0
(2) E LYNDON TEFFT (i)
(ii)		 346,749
0 		380,760
0 		0
0 		35,865
0 		21,154
0 		784,528
0 		0
0
(3) JOHN W AUCHINCLOSS (i)
(ii)		 254,724
0 		255,822
0 		0
0 		35,865
0 		26,492
0 		572,903
0 		0
0
(4) DAVID BELMONT (i)
(ii)		 230,056
0 		300,000
0 		0
0 		0
0 		15,566
0 		545,622
0 		0
0
(5) KEITH LUKE (i)
(ii)		 219,080
0 		210,100
0 		10,000
0 		35,865
0 		25,197
0 		500,242
0 		0
0
(6) JAMES FEENEY (i)
(ii)		 169,412
0 		230,250
0 		0
0 		35,865
0 		18,918
0 		454,445
0 		0
0
(7) ROBERT PHAY JR (i)
(ii)		 214,300
0 		169,368
0 		0
0 		35,865
0 		25,175
0 		444,708
0 		0
0
(8) STEPHEN SLADE (i)
(ii)		 221,771
0 		202,050
0 		0
0 		35,865
0 		25,197
0 		484,883
0 		0
0
(9) VERNE O SEDLACEK (i)
(ii)		 597,607
0 		1,362,603
0 		0
0 		35,865
0 		25,486
0 		2,021,561
0 		0
0
(10) JOHN S GRISWOLD (i)
(ii)		 196,095
0 		162,954
0 		0
0 		35,865
0 		25,132
0 		420,046
0 		0
0






Schedule J (Form 990) 2011

Schedule J (Form 990) 2011
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
SCHEDULE J, PART I COMPENSATION PROGRAM COMMONFUND'S COMPENSATION PROGRAM CONSISTS OF FOUR PARTS: (1) SALARIES, (2) ANNUAL CASH BONUSES, (3) INCENTIVE COMPENSATION AND (4) HEALTH, RETIREMENT AND OTHER BENEFITS. ALL EMPLOYEES ARE ELIGIBLE FOR AN ANNUAL CASH BONUS THAT IS BASED ON ACHIEVING SPECIFIC PERFORMANCE AND OPERATIONAL GOALS DURING THE YEAR. IN ADDITION, CERTAIN EXECUTIVES PARTICIPATE IN THE INCENTIVE COMPENSATION PLANS THAT ARE DESIGNED TO REWARD PERFORMANCE ACROSS MULTIPLE-YEAR PERIODS. SUCH AWARDS WHEN EARNED AND PAID ARE INCLUDED IN REPORTABLE COMPENSATION.
Schedule J (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
THE COMMON FUND FOR NONPROFIT ORGANIZATIONS
 
Employer identification number

23-7037968
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) COMMONFUND HOLDING CO SUBSIDIARI COMMON OFFICER   SEE PART V Yes  
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, BUSINESS TRANSACTIONS WITH INTERESTED PERSONS TRANSFER PRICING AGREEMENT THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") IS A NONPROFIT MEMBERSHIP CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NEW YORK. COMMONFUND HAS AFFILIATIONS WITH COMMONFUND HOLDING COMPANY, INC. AND SUBSIDIARIES (COMMONFUND AND COMMONFUND HOLDINGS COMPANY, INC. AND SUBSIDIARIES COLLECTIVELY "COMMONFUND GROUP"). COMMONFUND GROUP HAS A MASTER INTERCOMPANY AGREEMENT THAT PROVIDES FOR INVESTMENT ADVISORY AND DISTRIBUTION SERVICE ARRANGEMENTS AMONGST THE GROUP, FACILITIES SHARING AND SUPPORT SERVICES BY COMMONFUND. THE INTERCOMPANY AGREEMENT ALSO PROVIDES FOR THE ARM'S LENGTH CHARGE FOR THE ALLOCATION OF REVENUE AND COST (PURSUANT TO SECTION 482 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED AND REGULATIONS THEREUNDER) AMONG THE COMPANIES IN THE COMMONFUND GROUP.
Schedule L (Form 990 or 990-EZ) 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
THE COMMON FUND FOR NONPROFIT ORGANIZATIONS
 
Employer identification number

23-7037968
Identifier Return Reference Explanation
FORM 990, PART III, LINE 1 MISSION STATEMENT TO ENHANCE THE FINANCIAL RESOURCES OF EDUCATIONAL ORGANIZATIONS (DEFINED UNDER SECTION 170(B)(1)(A)(II) AND (IV) OF THE IRC) AND TO HELP THEM IMPROVE INVESTMENT MANAGEMENT PRACTICES. COMMONFUND PURSUES ITS MISSION THROUGH THE DELIVERY OF (1) INVESTMENT PROGRAMS DESIGNED TO GENERATE LONG-TERM SUPERIOR INVESTMENT PERFORMANCE; (2) INSIGHT AND EDUCATIONAL PROGRAMS THAT PROMOTE THE SHARING OF BEST PRACTICES FOR NONPROFITS; AND (3) SERVICE BASED ON AN IN-DEPTH UNDERSTANDING OF CLIENT NEEDS. COMMONFUND BELIEVES THAT STRONG FINANCIAL RESOURCES WILL SERVE AS THE UNDERPINNING THAT ENABLES IT TO IMPLEMENT ITS MISSION.
FORM 990, PART IV, LINE 28C TRUSTEE DISCLOSURES DAVID M. BARRETT: DR. BARRETT IS A MEMBER EMERITUS OF THE BOARD OF TRUSTEES OF ALBION COLLEGE. ALBION COLLEGE IS A COMMONFUND MEMBER. CHARLES PIPPIN: MR. PIPPIN IS SENIOR VICE PRESIDENT AND CHIEF INVESTMENT OFFICER OF PEPPERDINE UNIVERSITY, A COMMONFUND MEMBER.
FORM 990, PART V, LINE 4B FOREIGN COUNTRIES CAYMAN ISLANDS; INDONESIA; KOREA
FORM 990, PART VI, LINE 1B INDEPENDENT VOTING MEMBERS OF GOVERNING BODY NO MEMBERS OF THE BOARD OF TRUSTEES OF COMMONFUND OTHER THAN THE PRESIDENT - WHO IS A MEMBER OF THE BOARD EX OFFICIO - ARE MEMBERS OF MANAGEMENT AND ALL MEMBERS OF THE BOARD ARE NOMINATED BY A NOMINATING COMMITTEE THAT DOES NOT INCLUDE ANY MEMBERS OF MANAGEMENT. THE PRESIDENT IS A VOTING MEMBER OF THE BOARD, BUT IS NOT PERMITTED TO SERVE ON THE BOARD'S AUDIT & RISK MANAGEMENT COMMITTEE, THE GOVERNANCE COMMITTEE, OR THE COMPENSATION COMMITTEE (ALTHOUGH THE PRESIDENT IS CONSULTED ON COMPENSATION MATTERS FOR OTHER ADMINISTRATIVE OFFICERS AND SUCH ADDITIONAL SENIOR EXECUTIVES AS THE COMPENSATION COMMITTEE DEEMS APPROPRIATE). IT HAS HISTORICALLY BEEN THE CASE THAT NO MEMBER OF COMMONFUND GROUP'S MANAGEMENT (OTHER THAN THE PRESIDENT) HAS SERVED AS A TRUSTEE WHILE SO EMPLOYED. IT IS ALSO THE BOARD'S POLICY THAT NO MEMBER OF MANAGEMENT SERVES ON ANY OF ITS COMMITTEES, OTHER THAN THE PRESIDENT IN HIS OR HER ROLE AS A MEMBER OF THE EXECUTIVE COMMITTEE. THE GOVERNANCE COMMITTEE ESTABLISHES STANDARDS OF INDEPENDENCE THAT PREVENT TRUSTEES FROM SERVING ON THE AUDIT AND RISK MANAGEMENT COMMITTEE IF THEY HAVE ANY MATERIAL RELATIONSHIP WITH COMMONFUND GROUP; THE EXECUTIVE COMMITTEE ESTABLISHES SUCH STANDARDS FOR THE GOVERNANCE COMMITTEE.
FORM 990, PART VI, LINE 4 SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS DURING ITS QUARTERLY MEETING ON SEPTEMBER 23, 2011, THE BOARD OF TRUSTEES APPROVED AN AMENDMENT TO COMMONFUND'S BYLAWS, WHICH (I) ELIMINATED THE PROHIBITION FROM SERVICE ON THE GOVERNANCE COMMITTEE DURING THE YEAR IN WHICH A TRUSTEE FACES RE-ELECTION TO THE BOARD; AND (II) ADDED A NEW RESTRICTION THAT NO TRUSTEE MAY SERVE ON THE GOVERNANCE COMMITTEE FOR MORE THAN FOUR CONSECUTIVE YEARS WITHOUT THE INTERRUPTION OF AT LEAST ONE YEAR. DURING ITS QUARTERLY MEETING ON DECEMBER 16, 2011, THE BOARD OF TRUSTEES APPROVED AN AMENDMENT TO COMMONFUND'S BYLAWS, WHICH ELIMINATED THE REQUIREMENTS THAT (I) THE CHAIR OF THE BOARD BE AFFILIATED WITH A COMMONFUND MEMBER INSTITUTION; AND (II) THE GOVERNANCE COMMITTEE MANAGE THE NOMINATION PROCESS SO THAT AT LEAST A MAJORITY OF THE TRUSTEES BE SIMILARLY AFFILIATED.
FORM 990, PART VI, LINE 6 & LINE 7A ELECTION OF THE GOVERNING BODY COMMONFUND IS GOVERNED BY A BOARD OF TRUSTEES, WHOSE MEMBERS ARE ELECTED BY COMMONFUND'S MEMBER EDUCATIONAL INSTITUTIONS (ONE MEMBER, ONE VOTE) AT COMMONFUND'S ANNUAL MEETING (GENERALLY HELD IN DECEMBER OF EACH CALENDAR YEAR). NOMINATIONS OF CANDIDATES TO BE ELECTED AS MEMBERS OF COMMONFUND'S BOARD OF TRUSTEES ARE MADE BY THE BOARD'S GOVERNANCE COMMITTEE. MEMBERS OF THE GOVERNANCE COMMITTEE ARE INDEPENDENT OF MANAGEMENT, AND NO TRUSTEE MAY SERVE ON THE GOVERNANCE COMMITTEE FOR MORE THAN FOUR CONSECUTIVE YEARS WITHOUT INTERRUPTION OF AT LEAST ONE YEAR. WHILE IT IS THE DUTY OF THE GOVERNANCE COMMITTEE TO NOMINATE TRUSTEE CANDIDATES, THE COMMITTEE HAS DETERMINED, CONSISTENT WITH CURRENT BEST PRACTICE IN THE NONPROFIT SECTOR, THAT IT SHOULD ENGAGE AN INDEPENDENT SEARCH FIRM TO ASSIST IT IN IDENTIFYING CANDIDATES IN ORDER TO ENSURE THAT IT CONSIDERS QUALIFIED CANDIDATES BEYOND THE CIRCLE OF INDIVIDUALS ALREADY KNOWN TO THE COMMITTEE MEMBERS OR TO COMMONFUND MANAGEMENT.
FORM 990, PART VI, LINE 11A REVIEW PROCESS FORM 990 THE COMMONFUND FORM 990 IS DRAFTED BY COMMONFUND'S MANAGEMENT AND REVIEWED BY COMMONFUND'S INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT AND TAX CONSULTANT. A DRAFT OF THE FORM 990 IS FURNISHED TO ALL MEMBERS OF THE BOARD WHO DELEGATE THE DUTY TO REVIEW THE FORM AND ADDRESS ANY QUESTIONS TO MANAGEMENT, TO THE AUDIT AND RISK MANAGEMENT COMMITTEE OF THE BOARD AND, IN THE CASE OF PART VI, TO THE GOVERNANCE COMMITTEE OF THE BOARD. THESE COMMITTEES REPORT THE RESULTS OF THEIR REVIEW TO THE FULL BOARD. BETWEEN THE TIME OF COMMITTEE AND BOARD REVIEW AND THE ACTUAL FILING OF THE FORM 990, MANAGEMENT RETAINS THE ABILITY TO AMEND THE VERSION OR VERSIONS SO REVIEWED, PROVIDED THAT, SUCH AMENDMENTS ARE APPROVED BY COUNSEL AND BY COMMONFUND'S EXTERNAL TAX CONSULTANTS, AS WELL AS BY THE CHIEF OPERATING OFFICER. MANAGEMENT IS REQUIRED TO DISCUSS WITH THE CHAIRS OF THE AUDIT AND RISK MANAGEMENT COMMITTEE AND/OR THE GOVERNANCE COMMITTEE ANY PROPOSED CHANGES THAT WOULD MATERIALLY CHANGE THE CONTENT OF THE FORM 990, IN ORDER TO DETERMINE WHETHER ANY FURTHER REVIEW BY THE AUDIT AND RISK MANAGEMENT COMMITTEE, THE GOVERNANCE COMMITTEE, OR THE FULL BOARD WOULD BE APPROPRIATE PRIOR TO FILING. PRIOR TO FILING, THE FINAL FORM 990, INCLUDING ATTACHMENTS, WILL BE MADE AVAILABLE TO ALL TRUSTEES FOR THEIR REFERENCE.
FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY TRUSTEES, OFFICERS AND EMPLOYEES OF COMMONFUND GROUP ARE SUBJECT TO POLICIES ADOPTED BY THE ORGANIZATION AND APPROVED BY COMMONFUND'S BOARD OF TRUSTEES THAT ARE DESIGNED TO AVOID IMPROPER CONFLICTS OF INTEREST. COMMONFUND'S AUTHORIZING LEGISLATION PROVIDES THAT NO TRUSTEE, OFFICER OR EMPLOYEE SHALL RECEIVE ANY DIRECT OR INDIRECT PECUNIARY PROFIT FROM, NOR HAVE ANY DIRECT OR INDIRECT PECUNIARY INTEREST IN, THE OPERATIONS OF COMMONFUND OR ANY FUND ESTABLISHED THEREIN, OTHER THAN SALARY OR COMPENSATION FOR SERVICES RENDERED, REIMBURSEMENT OF EXPENSES, BENEFITS RECEIVED AS A PROPER BENEFICIARY OF ITS STRICTLY EDUCATIONAL AND CHARITABLE PURPOSES. ADDITIONALLY, THESE POLICIES PROVIDE THAT NO AFFECTED PERSON SHALL, WITHOUT THE PRIOR CONSENT OF THE BOARD OF TRUSTEES, HAVE ANY RELATIONSHIP AS DIRECTOR, OFFICER, PARTNER, EMPLOYEE, ADVISORY BOARD MEMBER, OR SIMILAR RELATIONSHIP WITH, NOR HAVE ANY SUBSTANTIAL FINANCIAL INTEREST IN, ANY INVESTMENT MANAGER OR CUSTODIAN BANK OF COMMONFUND OR ANY SECURITIES BROKER/DEALER AFFECTING TRANSACTIONS FOR COMMONFUND. PURSUANT TO THESE POLICIES, OFFICIAL POSITIONS OR FINANCIAL INTERESTS THAT MAY CONFLICT OR APPEAR TO CONFLICT WITH THE INTERESTS OF COMMONFUND ARE DISCLOSED IN ANNUAL QUESTIONNAIRES COMPLETED BY EACH AFFECTED PERSON. RESPONSES TO THESE QUESTIONNAIRES ARE REVIEWED BY THE COMPLIANCE DEPARTMENT AND, IN APPROPRIATE CASES, PROCEDURES ARE ADOPTED SO THAT INDIVIDUALS AVOID PARTICIPATION IN COMMONFUND MATTERS. PERSONS COVERED BY THESE POLICIES ARE REQUIRED TO AFFIRM COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY ANNUALLY AND COMMONFUND'S COMPLIANCE GROUP ENGAGES IN INTERNAL AUDIT PROCEDURES DESIGNED TO TEST SUCH COMPLIANCE THROUGHOUT THE YEAR.
FORM 990, PART VI, LINE 15 COMPENSATION POLICY THE PURPOSES OF THE COMPENSATION COMMITTEE ARE TO REVIEW AND PROVIDE ADVICE ON SIGNIFICANT PERSONNEL ISSUES. THIS FUNCTION INCLUDES RESPONSIBILITY: (A) TO REVIEW ANNUALLY THE PRESIDENT'S PERFORMANCE RELATIVE TO GOALS AND TO ESTABLISH HIS/HER COMPENSATION; (B) TO RECEIVE AND DISCUSS THE PRESIDENT'S EVALUATION OF THE MEMBERS OF THE SENIOR EXECUTIVE TEAM AND TO REVIEW AND APPROVE THE PRESIDENT'S PROPOSALS FOR THEIR COMPENSATION; (C) TO REVIEW AND APPROVE COMPENSATION PROGRAMS FOR ALL EMPLOYEES OF THE CORPORATION WITH A RANK OF MANAGING DIRECTOR AND ABOVE INCLUDING INCENTIVE PLANS, RETIREMENT PLANS AND OTHER BENEFIT ARRANGEMENTS; (D) TO REVIEW AND PROVIDE ADVICE CONCERNING THE SUCCESSION PLAN FOR EACH POSITION REPRESENTED ON THE SENIOR EXECUTIVE TEAM AND FOR OTHER POSITIONS IN THE CORPORATION THAT IT DESIGNATES; (E) TO REVIEW STAFFING ARRANGEMENTS FOR THE CORPORATION AND PROVIDE ADVICE WITH RESPECT TO THOSE ARRANGEMENTS; (F) TO CONSIDER AND ADVISE THE PRESIDENT WITH RESPECT TO TERMINATION FOR CAUSE OF EMPLOYEES WITH A RANK ABOVE THAT OF MANAGING DIRECTOR AND, WHEN CONSULTED BY THE PRESIDENT, ON OTHER TERMINATION MATTERS; (G) JOINTLY WITH THE GOVERNANCE COMMITTEE, TO RECOMMEND TO THE BOARD THE COMPENSATION TO BE PAID TO TRUSTEES, INCLUDING THE CHAIR OF THE BOARD; & (H) TO RECEIVE PERIODIC REPORTS FROM THE PRESIDENT ON SUCH PERSONNEL ISSUES AS IT MAY FROM TIME TO TIME IDENTIFY AS SIGNIFICANT AND WORTHY OF ITS CONSIDERATION. TO DISCHARGE THESE RESPONSIBILITIES, IT IS THE PRACTICE OF THE COMPENSATION COMMITTEE TO ENGAGE AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IT IN ITS COMPENSATION-RELATED DUTIES AND TO PROVIDE COMPARABILITY DATA. THIS DATA, AND ISSUES RELATING TO PERFORMANCE BY MEMBERS OF SENIOR MANAGEMENT ARE REVIEWED ANNUALLY BY THE COMMITTEE. THE PRESIDENT PARTICIPATES IN THE DISCUSSION OF PERFORMANCE OF OTHER MEMBERS OF SENIOR MANAGEMENT. THE COMMITTEE MEETS IN EXECUTIVE SESSION OUTSIDE THE PRESENCE OF THE PRESIDENT AND OTHER MEMBERS OF MANAGEMENT TO DISCUSS THE PERFORMANCE OF THE PRESIDENT. MINUTES ARE KEPT OF THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE. THIS PROCESS WAS LAST UNDERTAKEN FOR THE FISCAL YEAR ENDING JUNE 30, 2012. THE NEXT COMPENSATION REVIEW WILL TAKE PLACE IN THE LATE SUMMER/EARLY FALL OF 2013.
FORM 990, PART VI, LINE 19 PUBLIC INSPECTION OF ORGANIZATION DOCUMENTS COMMONFUND MAKES AVAILABLE TO THE PUBLIC ITS CONFLICT OF INTERESTS POLICY AND INFORMATION FOR MEMBERS, WHICH CONTAINS, AMONG OTHER INFORMATION, THE RULES OF COMMONFUND, WHICH GOVERN THE STATUS, OPERATION AND INVESTMENT PROGRAMS OF THE VARIOUS INVESTMENT FUNDS MAINTAINED BY COMMONFUND. THESE TWO DOCUMENTS CAN BE ACCESSED BY THE PUBLIC VIA COMMONFUND'S WEBSITE OR UPON REQUEST TO COMMONFUND. COMMONFUND'S FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS OF COMMONFUND. COMMONFUND MAY PROVIDE TO THE PUBLIC COMMONFUND'S FINANCIAL STATEMENTS AND ORIGINAL APPLICATION FOR EXEMPTION UNDER IRC SECTION 501(C)(3) (GRANTED NOVEMBER 3, 1970), UPON REQUEST.
FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES INTERCOMPANY INTEREST 673 ENDOWMENT FUND CROSSFUND INCOME 84,758,000 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS (324,729,869) CAPITALIZATION OF SUBS (24,000,000) DISTRIBUTIONS (ENDOWMENT FUNDS) (131,206,000) NET PARTICIPANT TRANSACTIONS (1,175,880,000) ROUNDING (1) =============== TOTAL (1,571,057,197)
FORM 990, PART XII, LINE 2B & LINE 2D AUDITED FINANCIAL STATEMENTS THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") IS A TAX-EXEMPT MEMBERSHIP CORPORATION OPERATED BY AND FOR ITS MEMBER COLLEGES, UNIVERSITIES AND INDEPENDENT SCHOOLS. TOGETHER WITH ITS SUBSIDIARIES AND AFFILIATES, COMMONFUND PURSUES A MISSION TO IMPROVE INVESTMENT MANAGEMENT PRACTICES AND TO ENHANCE THE FINANCIAL RESOURCES OF THE NONPROFIT COMMUNITY. COMMONFUND WAS ORGANIZED IN 1969 PURSUANT TO A SPECIAL ACT OF THE NEW YORK STATE LEGISLATURE AND COMMENCED OPERATIONS ON JULY 1, 1971. COMMONFUND IS EXEMPT FROM REGISTRATION UNDER THE INVESTMENT COMPANY ACT OF 1940 AND THE INVESTMENT ADVISERS ACT OF 1940. COMMONFUND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTIONS 501(C)(3) AND 501(F) OF THE INTERNAL REVENUE CODE OF 1986. PARTICIPATION IN COMMONFUND IS LIMITED TO ORGANIZATIONS THAT BECOME MEMBERS. MEMBERSHIP IN COMMONFUND IS LIMITED TO EDUCATIONAL INSTITUTIONS DESCRIBED IN SECTION 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE AND EDUCATIONAL SUPPORT ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A)(IV) OF THE CODE. COMMONFUND OFFERS TO ITS MEMBERS A SERIES OF POOLED INVESTMENT FUNDS, EACH OF WHICH HAS ITS OWN INVESTMENT OBJECTIVES, POLICIES AND STRATEGIES. COMMONFUND THUS GIVES ITS MEMBERS THE OPPORTUNITY TO DIVERSIFY THEIR ENDOWMENT PORTFOLIOS ACROSS ASSET CLASSES AND INVESTMENT STRATEGIES EITHER BY INVESTING ALL OF THEIR ASSETS IN SEVERAL INVESTMENT FUNDS OF COMMONFUND OR BY USING INVESTMENTS IN FUNDS OF COMMONFUND TO COMPLEMENT OTHER PORTIONS OF THEIR PORTFOLIOS. COMMONFUND IS AN ORGANIZATION WITHOUT SHAREHOLDERS. THE INVESTMENT FUNDS MAINTAINED BY COMMONFUND ARE NOT SEPARATE LEGAL ENTITIES. THEY ARE POOLS OF ASSETS HELD BY COMMONFUND FOR MANAGEMENT IN ACCORDANCE WITH THE RULES TO WHICH EACH PARTICIPANT AGREES AS A CONDITION OF MEMBERSHIP IN COMMONFUND. FURTHERMORE, THE RULES PROVIDE THAT THE FUNDS ESTABLISHED BY COMMONFUND ARE HELD FOR THE EXCLUSIVE BENEFIT OF THE MEMBERS INVESTING IN THEM. IN ADDITION, COMMONFUND'S NEW YORK CONSTITUENT LEGISLATION PROVIDES THAT THE ASSETS OF ANY FUND ESTABLISHED BY COMMONFUND MAY NOT BE USED TO PAY THE DEBTS OR OBLIGATIONS INCURRED IN THE OPERATION OF ANY OTHER SUCH FUND, OR IN THE OPERATION OF COMMONFUND ON ITS OWN BEHALF. MEMBER FEES AND OTHER REVENUES OF COMMONFUND SUPPORT THE ORGANIZATION AS A WHOLE AND ARE NOT ALLOCATED FOR THE BENEFIT OF PARTICULAR FUNDS OR PRIVATE OWNERS. COMMONFUND OWNS AND CONTROLS A GROUP OF OPERATING SUBSIDIARIES (TOGETHER WITH COMMONFUND, AND COLLECTIVELY, "COMMONFUND GROUP"). THE SUBSIDIARIES HAVE BEEN ORGANIZED AND ARE OPERATED TO ENGAGE IN BUSINESSES OR TO PROVIDE SERVICES THAT ARE OUTSIDE THE SCOPE OF COMMONFUND'S TAX EXEMPTION UNDER SECTION 501(F) OF THE INTERNAL REVENUE CODE. EACH OF THE SUBSIDIARIES IS A TAXABLE ENTITY, AND AS A CONSOLIDATED GROUP THEY FILE A TAX RETURN ON FORM 1120 ANNUALLY. GIVEN COMMONFUND'S UNIQUE ORGANIZATIONAL STRUCTURE, THE FORM 990 FOR THE COMMON FUND FOR NONPROFIT ORGANIZATIONS REFLECTS THE COMBINED ASSETS AND ACTIVITIES OF THE INVESTMENT FUNDS AND OF COMMONFUND ITSELF (ON A PROPRIETARY BASIS, AND NOT INCLUDING THE TAXABLE OPERATING SUBSIDIARIES) AS DETAILED IN THE TABLE BELOW. ANNUAL FINANCIAL STATEMENT AUDITS ARE PERFORMED BY AN INDEPENDENT AUDITOR FOR EACH OF THE INVESTMENT FUNDS OFFERED BY COMMONFUND AND ALSO FOR THE CONSOLIDATED COMMONFUND GROUP. THESE AUDITED FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY COMMONFUND'S BOARD AND ARE DISTRIBUTED TO MEMBER ORGANIZATIONS. COPIES OF THE AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2012 FOR THE INVESTMENT FUNDS AND THE COMMONFUND GROUP ARE AVAILABLE ON COMMONFUND'S WEBSITE WWW.COMMONFUND.ORG.
FORM 990, PART XII, LINE 2B TABLE I SUMMARY BALANCE SHEET MEMBER INVESTMENT FUNDS ASSETS LIABILITIES NET ASSETS INTERMEDIATE TERM 184,735,000 4,500,000 180,235,000 HIGH QUALITY BOND 737,015,000 68,614,000 668,401,000 GLOBAL BOND 11,809,000 323,000 11,486,000 MULTI-STRATEGY BOND 1,281,184,000 32,562,000 1,248,622,000 CORE EQUITY 250,522,000 2,646,000 247,876,000 SMALL CAP 23,200,000 97,000 21,103,000 EQUITY INDEX 194,811,000 320,000 194,491,000 EQUITY OPPORTUNITIES 144,690,000 5,767,000 138,923,000 REAL ESTATE SECURITIES 30,397,000 127,000 30,270,000 INTERNATIONAL EQUITY 357,507,000 7,382,000 350,125,000 EMERGING MARKETS 9,576,000 73,000 9,503,000 MULTI-STRATEGY EQUITY 2,239,817,000 34,768,000 2,205,049,000 HEDGE FUND 237,189,000 12,334,000 224,855,000 ============== ============ ============= TOTAL MEMBER INVESTMENT FUNDS 5,702,452,000 169,513,000 5,532,939,000 COMMONFUND 45,731,530 16,585,440 29,146,090 ============== ============ ============= FORM 990 TOTALS 5,748,183,530 186,098,440 5,562,085,090 FORM 990 REFERENCE - PART I LN 20 LN 21 LN 22
FORM 990, PART XII, LINE 2B TABLE II SUMMARY REVENUE AND EXPENSES MEMBER INVESTMENT FUNDS REVENUE EXPENSES NET INCOME INTERMEDIATE TERM (4,884,000) 916,000 (5,800,000) HIGH QUALITY BOND 40,366,000 1,702,000 38,664,000 GLOBAL BOND 1,028,000 27,000 1,001,000 MULTI-STRATEGY BOND 16,000,000 780,000 15,220,000 CORE EQUITY 16,419,000 975,000 15,444,000 SMALL CAP 255,000 31,000 224,000 EQUITY INDEX 2,196,000 70,000 2,126,000 EQUITY OPPORTUNITIES 11,693,000 783,000 10,910,000 REAL ESTATE SECURITIES 3,264,000 181,000 3,083,000 INTERNATIONAL EQUITY (30,323,000) 1,335,000 (31,658,000) EMERGING MARKETS (9,281,000) 35,000 (9,316,000) MULTI-STRATEGY EQUITY 89,306,000 2,484,000 86,822,000 HEDGE FUND 23,005,000 89,000 22,916,000 ============== =========== ============= TOTAL MEMBER INVESTMENT FUNDS 159,044,000 9,408,000 149,636,000 COMMONFUND 24,952,852 36,097,977 (11,145,125) ============== =========== ============= FORM 990 TOTALS 183,996,852 45,505,977 138,490,875 FORM 990 REFERENCE - PART I LN 12 LN 18 LN 19
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
THE COMMON FUND FOR NONPROFIT ORGANIZATIONS
 
Employer identification number

23-7037968
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

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


 		(f)
Direct controlling
entity

















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


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

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

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No












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) FAIRFIELD PARTNERS MANAGEMENT

15 OLD DANBURY RD
WILTON,CT06897
06-1526538 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(2) ENDOWMENT VENTURE PARTNERS I

15 OLD DANBURY RD
WILTON,CT06897
06-1293543 		INVESTMENTS DE FP MGMT LLC
  		        No     No  
(3) ENDOWMENT VENTURE PARTNERS II

15 OLD DANBURY RD
WILTON,CT06897
06-1361412 		INVESTMENTS DE FP MGMT LLC
  		        No     No  
(4) ENDOWMENT VENTURE PARTNERS III

15 OLD DANBURY RD
WILTON,CT06897
06-1448988 		INVESTMENTS DE FP MGMT LLC
  		        No     No  
(5) ENDOWMENT VENTURE PARTNERS IV

15 OLD DANBURY RD
WILTON,CT06897
06-1526536 		INVESTMENTS DE FP MGMT LLC
  		        No     No  
(6) EEP LIQUIDATING TRUST

15 OLD DANBURY RD
WILTON,CT06897
61-6292361 		INVESTMENTS DE FP MGMT LLC
  		        No     No  
(7) ENDOWMENT PRIV EQUITY PTRS II

15 OLD DANBURY RD
WILTON,CT06897
06-1399053 		INVESTMENTS DE FP MGMT LLC
  		        No     No  
(8) ENDOWMENT PRIV EQUITY PTRS III

15 OLD DANBURY RD
WILTON,CT06897
06-1503290 		INVESTMENTS DE FP MGMT LLC
  		        No     No  
(9) INTERNATIONAL PRIV EQUITY PTRS

15 OLD DANBURY RD
WILTON,CT06897
06-1434870 		INVESTMENTS DE FP MGMT LLC
  		        No     No  
(10) INTERNATIONAL PRIV EQUITY II

15 OLD DANBURY RD
WILTON,CT06897
06-1503287 		INVESTMENTS DE FP MGMT LLC
  		        No     No  
(11) ENDOWMENT ENERGY PARTNERS III

15 OLD DANBURY RD
WILTON,CT06897
06-1424556 		INVESTMENTS DE FP MGMT LLC
  		        No     No  
(12) ENDOWMENT ENERGY PARTNERS IV

15 OLD DANBURY RD
WILTON,CT06897
06-1503291 		INVESTMENTS DE FP MGMT LLC
  		        No     No  
(13) FAIRFIELD PARTNERS 1999 LLC

15 OLD DANBURY RD
WILTON,CT06897
06-1543740 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(14) CF CAPITAL PARTNERS 1999 LP

15 OLD DANBURY RD
WILTON,CT06897
06-1550264 		INVESTMENTS DE FP 1999 LLC
  		        No     No  
(15) CF CAPITAL NEW LEADERS LP

15 OLD DANBURY RD
WILTON,CT06897
06-1543744 		INVESTMENTS DE FP 1999 LLC
  		        No     No  
(16) FAIRFIELD PARTNERS 2000 LLC

15 OLD DANBURY RD
WILTON,CT06897
06-1563276 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(17) ENDOWMENT VENTURE PARTNERS V LP

15 OLD DANBURY RD
WILTON,CT06897
06-1563332 		INVESTMENTS DE FP 2000 LLC
  		        No     No  
(18) ENDOWMENT PRIVATE EQUITY PTRS IV LP

15 OLD DANBURY RD
WILTON,CT06897
06-1563330 		INVESTMENTS DE FP 2000 LLC
  		        No     No  
(19) INTERNATIONAL PRIV EQUITY III

15 OLD DANBURY RD
WILTON,CT06897
06-1563329 		INVESTMENTS DE FP 2000 LLC
  		        No     No  
(20) COMMONFUND CAP NEW LEADERS II

15 OLD DANBURY RD
WILTON,CT06897
06-1587673 		INVESTMENTS DE FP 2000 LLC
  		        No     No  
(21) FAIRFIELD PARTNERS 2001 LLC

15 OLD DANBURY RD
WILTON,CT06897
06-1596800 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(22) COMMONFUND CAPITAL VENTURE PTRS VI

15 OLD DANBURY RD
WILTON,CT06897
06-1605325 		INVESTMENTS DE FP 2001 LLC
  		        No     No  
(23) COMMONFUND CAP PRIV EQUITY V

15 OLD DANBURY RD
WILTON,CT06897
06-1605326 		INVESTMENTS DE FP 2001 LLC
  		        No     No  
(24) COMMONFUND CAP INTNTL IV

15 OLD DANBURY RD
WILTON,CT06897
06-1605324 		INVESTMENTS DE FP 2001 LLC
  		        No     No  
(25) COMMONFUND CAPITAL PTRS 2000

15 OLD DANBURY RD
WILTON,CT06897
06-1591641 		INVESTMENTS DE FP 2001 LLC
  		        No     No  
(26) FAIRFILED PARTNERS 2003 LLC

15 OLD DANBURY RD
WILTON,CT06897
14-1856949 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(27) COMMONFUND CAP NATURAL RES V

15 OLD DANBURY RD
WILTON,CT06897
92-0179780 		INVESTMENTS DE FP 2003 LLC
  		        No     No  
(28) FAIRFIELD PARTNERS 2005 LLC

15 OLD DANBURY RD
WILTON,CT06897
76-0779971 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(29) COMMONFUND CAP VENT PTRS VII

15 OLD DANBURY RD
WILTON,CT06897
16-1720044 		INVESTMENTS DE FP 2005 LLC
  		        No     No  
(30) COMMONFUND CAP PRIV EQUITY VI

15 OLD DANBURY RD
WILTON,CT06897
16-1720029 		INVESTMENTS DE FP 2005 LLC
  		        No     No  
(31) COMMONFUND CAPITAL INTERNATIONAL V

15 OLD DANBURY RD
WILTON,CT06897
16-1720038 		INVESTMENTS DE FP 2005 LLC
  		        No     No  
(32) COMMONFUND CAPITAL PTRS III

15 OLD DANBURY RD
WILTON,CT06897
37-1509257 		INVESTMENTS DE FP 2005 LLC
  		        No     No  
(33) COMMONFUND CAP NATURAL RES VI

15 OLD DANBURY RD
WILTON,CT06897
25-1910076 		INVESTMENTS DE FP 2005 LLC
  		        No     No  
(34) FAIRFIELD PARTNERS 2007 GP LLC

15 OLD DANBURY RD
WILTON,CT06897
02-0788278 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(35) FAIRFIELD PARTNERS 2007 LP

15 OLD DANBURY RD
WILTON,CT06897
74-3191547 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(36) COMMONFUND CAP NATURAL RES VII

15 OLD DANBURY RD
WILTON,CT06897
51-0605779 		INVESTMENTS DE FP 2007 LLC
  		        No     No  
(37) COMMONFUND CAP VENTURE VIII

15 OLD DANBURY RD
WILTON,CT06897
11-3814030 		INVESTMENTS DE FP 2007 LLC
  		        No     No  
(38) COMMONFUND CAP PRIV EQUITY VII

15 OLD DANBURY RD
WILTON,CT06897
20-8306306 		INVESTMENTS DE FP 2007 LLC
  		        No     No  
(39) COMMONFUND CAP INTNTL VI

15 OLD DANBURY RD
WILTON,CT06897
20-8306365 		INVESTMENTS DE FP 2007 LLC
  		        No     No  
(40) COMMONFUND CAPITAL PARTNERS IV

15 OLD DANBURY RD
WILTON,CT06897
26-0611788 		INVESTMENTS DE FP 2007 LLC
  		        No     No  
(41) FAIRFIELD PARTNERS 2009 GP LLC

15 OLD DANBURY RD
WILTON,CT06897
06-1225208 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(42) FAIRFIELD PARTNERS 2009 LP

15 OLD DANBURY RD
WILTON,CT06897
26-3180064 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(43) COMMONFUND CAP NAT RES VIII

15 OLD DANBURY RD
WILTON,CT06897
26-3180228 		INVESTMENTS DE FP 2009 LLC
  		        No     No  
(44) COMMONFUND CAP VENTURE PTRS IX

15 OLD DANBURY RD
WILTON,CT06897
26-4138517 		INVESTMENTS DE FP 2009 LLC
  		        No     No  
(45) COMMONFUND CAP PRIV EQUIT VIII

15 OLD DANBURY RD
WILTON,CT06897
27-4641880 		INVESTMENTS DE FP 2009 LLC
  		        No     No  
(46) COMMONFUND CAP INTNTL VII

15 OLD DANBURY RD
WILTON,CT06897
26-3669321 		INVESTMENTS DE FP 2009 LLC
  		        No     No  
(47) COMMONFUND CAPITAL(GGC) LP

15 OLD DANBURY RD
WILTON,CT06897
26-1302487 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(48) COMMONFUND CAPITAL PARTNERS V LP

15 OLD DANBURY RD
WILTON,CT06897
38-3844471 		INVESTMENTS DE FP 2009 LLC
  		        No     No  
(49) FAIRFIELD CARRY PARTNERS 2009 LP

15 OLD DANBURY RD
WILTON,CT06897
26-3958972 		INVESTMENTS DE FP 2009 LLC
  		        No     No  
(50) COMMONFUND CAP NAT RES PTRS IX LP

15 OLD DANBURY ROAD PO BOX 812
WILTON,CT06897
37-1656529 		INVESTMENTS DE FP 2012 LP
  		        No     No  
(51) COMMONFUND CAPITAL VENUTRE PTRS X LP

15 OLD DANBURY ROAD PO BOX 812
WILTON,CT06897
80-0788864 		INVESTMENTS DE FP 2012 LP
  		        No     No  
(52) FAIRFIELD PARTNERS 2012 LP

15 OLD DANBURY ROAD PO BOX 812
WILTON,CT06897
90-0885809 		INVESTMENTS DE CF CAPITAL INC
  		        No     No  
(53) COMMONFUND REALTY PARTNERS I LIMITED PA

18 OLD DANBURY RD
WILTON,CT06897
06-1550130 		INVESTMENTS DE CF REALTY INC
  		        No     No  
(54) CFR PARTNERS MANAGEMENT LLC

19 OLD DANBURY RD
WILTON,CT06897
06-1550128 		INVESTMENTS DE CF REALTY INC
  		        No     No  
(55) COMMONFUND REALTY INVESTORS LLC

20 OLD DANBURY RD
WILTON,CT06897
06-1549984 		INVESTMENTS DE CF REALTY INC
  		        No     No  
(56) CFR INVESTORS MANAGEMENT LLC

21 OLD DANBURY RD
WILTON,CT06897
06-1549982 		INVESTMENTS DE CF REALTY INC
  		        No     No  
(57) CFI CORE EQUITY FUND LLC

15 OLD DANBURY RD
WILTON,CT06897
56-2464917 		INVESTMENTS DE NA
  		        No     No  
(58) COMMONFUND MSB MASTER FUND LLC

15 OLD DANBURY RD
WILTON,CT06897
13-4363634 		INVESTMENTS DE NA
  		        No     No  
(59) COMMONFUND MSE MASTER FUND LLC

15 OLD DANBURY RD
WILTON,CT06897
06-1763093 		INVESTMENTS DE NA
  		        No     No  
(60) CFI SMALL CAP FUND LLC

15 OLD DANBURY RD
WILTON,CT06897
56-2464919 		INVESTMENTS DE NA
  		        No     No  
(61) CF INTL EQUITY MASTER FUND EUROPE LLC

15 OLD DANBURY RD
WILTON,CT06897
80-0191116 		INVESTMENTS DE NA
  		        No     No  
(62) CF INTL EQUITY MASTER FUND JAPAN LLC

15 OLD DANBURY RD
WILTON,CT06897
74-3260981 		INVESTMENTS DE NA
  		        No     No  
(63) CF SELECT EQUITY FUND LLC

15 OLD DANBURY RD
WILTON,CT06897
32-0332324 		INVESTMENTS DE NA
  		        No     No  
(64) CF CORE EQUITY MASTER FUND LLC

15 OLD DANBURY ROAD
WILTON,CT06897
41-2259960 		INVESTMENTS DE NA
  		        No     No  
(65) CF INTL FOCUS FUND I LLC

15 OLD DANBURY ROAD PO BOX 812
WILTON,CT06897
80-0696191 		INVESTMENTS DE NA
  		        No     No  
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) CF HOLDING COMPANY INC
15 OLD DANBURY ROAD PO BOX 812
WILTON,CT068970812
06-1481429 		INVESTMT ADVI DE NA
  		C     100.000 %
(2) CF CAPITAL INC
15 OLD DANBURY ROAD PO BOX 812
WILTON,CT068970812
06-1225208 		INVESTMT ADVI DE CF HOLDING CO
  		C      
(3) OLD DANBURY ROAD LESSEE CORP
15 OLD DANBURY ROAD PO BOX 812
WILTON,CT068970812
06-1539683 		REAL ESTATE DE CF HOLDING CO
  		C      
(4) CF REALTY INC
15 OLD DANBURY ROAD PO BOX 812
WILTON,CT068970812
06-1493690 		INVESTMT ADVI DE CF HOLDING CO
  		C      
(5) CF SECURITIES INC
15 OLD DANBURY ROAD PO BOX 812
WILTON,CT068970812
06-1493044 		SECURITIES DE DE CF HOLDING CO
  		C      
(6) OLD DANBURY ROAD CORP
15 OLD DANBURY ROAD PO BOX 812
WILTON,CT068970812
06-1539685 		REAL ESTATE DE CF HOLDING CO
  		C      
(7) CF ASSET MANAGEMENT CO
15 OLD DANBURY ROAD PO BOX 812
WILTON,CT068970812
06-1547454 		INVESTMT ADVI DE CF HOLDING CO
  		C      
(8) CF CREDIT OPPORTUNITIES COMPANY
CARDINAL AVENUE GEORGETOWN
GRAND CAYMAN ISLANDS    
CJ
98-0444876 		INVESTMENTS CJ NA
  		C 84,165,430 1,208,617,594 75.000 %
(9) CF EMERGING MARKETS INVESTORS COMPANY
WALKERS SPV LTD WALKER HOUSE
87 MARY ST, GEORGETOWN,GRAND CAYMANKY1-9002
CJ
98-0412952 		INVESTMENTS CJ COMANCO
  		C -26,533,644 81,360,968 20.000 %
(10) CF HEDGED INVESTORS COMPANY
CARDINAL AVENUE GEORGETOWN
GRAND CAYMAN ISLANDS    
CJ
98-0345743 		INVESTMENTS CJ COMANCO
  		C -23,049,600 255,961,440 56.000 %
(11) CF DIVERSIFYING HEDGE STRATEGY
CARDINAL AVENUE GEORGETOWN
GRAND CAYMAN ISLANDS    
CJ
98-0345747 		INVESTMENTS CJ CF HEDG INV
  		C      
(12) CF HEDGED EQUITY COMPANY
CARDINAL AVENUE GEORGETOWN
GRAND CAYMAN ISLANDS    
CJ
98-0345744 		INVESTMENTS CJ CF HEDG INV
  		C -2,277,520 56,273,000 28.000 %
(13) CF GLOBAL ABSOLUTE ALPHA COMPANY
CARDINAL AVENUE GEORGETOWN
GRAND CAYMAN ISLANDS    
CJ
98-0557382 		INVESTMENTS CJ COMANCO
  		C      
(14) CF WATER STREET CO
CARDINAL AVENUE GEORGETOWN
GRAND CAYMAN ISLANDS    
CJ
98-0608075 		INVESTMENTS CJ COMANCO
  		C      
(15) COMMONFUND UK LTD
BERKELEY SQUARE HOUSE
LONDON,UNITED KINGDOMW1J6BD
CJ
INVESTMENTS UK CF CAPITAL INC
  		C      
(16) CF STRATEGIC SOLUTIONS GLBL HDG EQ CO
CARDINAL AVENUE
GEORGETOWN,GRAND CAYMAN ISLANDS  
CJ
98-0641392 		INVESTMENTS CJ COMANCO
  		C      
(17) CF STRATEGIC SOLUTIONS RELATIVE VALUE
CARDINAL AVENUE
GEORGETOWN,GRAND CAYMAN ISLANDS  
CJ
98-0641391 		INVESTMENTS CJ COMANCO
  		C      
(18) CF STRATEGIC SOLUTIONS DIVERSIFYING CO
CARDINAL AVENUE
GEORGETOWN,GRAND CAYMAN ISLANDS  
CJ
98-0641395 		INVESTMENTS CJ COMANCO
  		C      
(19) CFI MULTI-STRATEGY COMMODITIES FUND
CARDINAL AVENUE
GEORGETOWN,GRAND CAYMAN ISLANDS  
CJ
98-0446119 		INVESTMENTS CJ COMANCO
  		C      
(20) CFI REAL RETURN BOND FUND LTD
 
 
98-0427507 		INVESTMENTS CJ COMANCO
  		C      
(21) CF INSTITUTIONAL COMMODITIES LTD
CARDINAL AVENUE
GEORGETOWN,GRAND CAYMAN ISLANDS  
CJ
98-0706078 		INVESTMENTS CJ COMANCO
  		C      
(22) CGDI CAYMAN MASTER FUND
CARDINAL AVENUE
GEORGETOWN,GRAND CAYMAN ISLANDS  
CJ
75-3251083 		INVESTMENTS CJ COMANCO
  		C      
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
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
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
Yes
 
l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
Yes
 
q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
No
r Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) COMMONFUND HOLDING CO & SUBSIDIARIES

 SEE P    
(1)
(2)
(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
SCHEDULE R, PART V, TRANSACTIONS WITH RELATED ORGANIZATIONS TRANSFER PRICING AGREEMENT THE COMMON FUND FOR NONPROFIT ORGANIZATIONS ("COMMONFUND") IS A NONPROFIT MEMBERSHIP CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NEW YORK. COMMONFUND HAS AFFILIATIONS WITH COMMONFUND HOLDING COMPANY, INC. AND SUBSIDIARIES (COMMONFUND AND COMMONFUND HOLDINGS COMPANY, INC. AND SUBSIDIARIES COLLECTIVELY "COMMONFUND GROUP"). COMMONFUND GROUP HAS A MASTER INTERCOMPANY AGREEMENT THAT PROVIDES FOR INVESTMENT ADVISORY AND DISTRIBUTION SERVICE ARRANGEMENTS AMONGST THE GROUP, FACILITIES SHARING AND SUPPORT SERVICES BY COMMONFUND. THE INTERCOMPANY AGREEMENT ALSO PROVIDES FOR THE ARM'S LENGTH CHARGE FOR THE ALLOCATION OF REVENUE AND COST (PURSUANT TO SECTION 482 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED AND REGULATIONS THEREUNDER) AMONG THE COMPANIES IN THE COMMONFUND GROUP.
Additional Data


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