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

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2011
Open to Public Inspection
A For the calendar year, or tax year beginning 07-01-2011 and ending 06-30-2012
BCheck if applicable:
CName of organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
3451 WALNUT STREET ROOM 329
 
Room/suite
City or town, state or country, and ZIP + 4
PHILADELPHIA, PA191046284
D Employer identification number

23-1352685
E Telephone number

G Gross receipts $ 11,606,514,169
F Name and address of principal officer:
STEPHEN GOLDING
3451 WALNUT STREET
PHILADLEPHIA,PA19104
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.UPENN.EDU
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1740
M State of legal domicile: PA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE PROVISION OF EDUCATION, RESEARCH, AND CHARITABLE PATIENT CARE SERVICES.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a)..... 3 57
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 51
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ... 5 51,799
6 Total number of volunteers (estimate if necessary) .... 6 18,302
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 2,101,970
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b -8,861,212
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 1,451,557,000 1,314,155,000
9 Program service revenue (Part VIII, line 2g) ......... 3,563,074,907 3,748,698,119
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 303,191,000 289,677,000
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 12,374,093 33,138,881
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 5,330,197,000 5,385,669,000
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 321,703,039 341,036,036
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) 2,524,962,999 2,644,163,000
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 675,314 622,648
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet79,346,807    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 1,839,337,648 1,945,391,316
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 4,686,679,000 4,931,213,000
19 Revenue less expenses. Subtract line 18 from line 12....... 643,518,000 454,456,000
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 12,912,074,000 13,720,767,000
21 Total liabilities (Part X, line 26)............. 3,819,726,000 4,791,936,000
22 Net assets or fund balances. Subtract line 21 from line 20..... 9,092,348,000 8,928,831,000
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: THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (UNIVERSITY) SEES ITSELF AS HAVING A PUBLIC SERVICE MISSION. IN SUCH REGARD, THE UNIVERSITY AIMS TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR ITS STUDENTS; TO PIONEER RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE; AND TO PROVIDE THE MOST CURRENT AND HIGHEST QUALITY PATIENT CARE THROUGH THE UNIVERSITY HEALTH SYSTEM.
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 $ 2,484,541,905 including grants of $   ) (Revenue $ 1,369,396,119 )
THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("PENN" OR "UNIVERSITY") IS ONE OF THE OLDEST UNIVERSITIES IN THE UNITED STATES - IT TRACES ITS ORIGINS BACK TO A CHARITY SCHOOL FOUNDED IN 1740. IT WAS CHARTERED AS A COLLEGE IN 1755, AND ON MAY 17, 1757, THE UNIVERSITY HELD ITS FIRST COMMENCEMENT AND GRADUATED A CLASS OF SEVEN STUDENTS. FROM THESE EARLY AND MODEST BEGINNINGS, PENN HAS GROWN INTO ONE OF THE LEADING RESEARCH AND EDUCATIONAL INSTITUTIONS IN THE UNITED STATES AND IN THE WORLD. THE UNIVERSITY SEES ITSELF AS HAVING A PUBLIC SERVICE MISSION. IN SUCH REGARD, THE UNIVERSITY AIMS TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR ITS STUDENTS; TO PIONEER RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE; AND TO PROVIDE THE MOST CURRENT AND HIGHEST QUALITY IN PATIENT CARE THROUGH THE UNIVERSITY HEALTH SYSTEM. THE UNIVERSITY IS HOME TO THE UNIVERSITY OF PENNSYLVANIA MUSEUM OF ARCHAEOLOGY AND ANTHROPOLOGY, THE INSTITUTE FOR CONTEMPORARY ART AND THE ANNENBERG CENTER FOR THE PERFORMING ARTS, ALL OF WHICH CONTRIBUTE VITALLY TO ENRICHING THE CULTURAL LIFE OF PHILADELPHIA. IN ADDITION, THE UNIVERSITY IS AN ACTIVE PARTICIPANT IN THE WEST PHILADELPHIA NEIGHBORHOOD THAT IS ITS HOME. I. EDUCATION THE QUALITY AND DIVERSITY OF THE STUDENT BODY ADD TO THE RIGOR AND UNIQUENESS OF A PENN EDUCATION. THE UNDERGRADUATE CLASS OF 2016 WAS HIGHLY SELECTIVE. OUT OF A TOTAL OF 31,218 APPLICANTS, JUST 3,935- 12.4 PERCENT - WERE ACCEPTED. PENN IS ALSO STEADFASTLY COMMITTED TO MAINTAINING A DIVERSE STUDENT BODY. IT FIRMLY BELIEVES THAT A DIVERSE STUDENT BODY BRINGS WITH IT A VARIETY OF LIFE EXPERIENCES, RESEARCH INTERESTS, AND WORLDVIEWS. IN KEEPING WITH THIS OBJECTIVE, 40 PERCENT OF THE STUDENTS WHO MAKE UP THE CLASS OF 2016 ARE OF AFRICAN-AMERICAN, ASIAN, HISPANIC, OR NATIVE AMERICAN ORIGINS. THE UNIVERSITY IS CONSISTENTLY RECOGNIZED FOR HAVING SOME OF THE MOST DISTINGUISHED ACADEMIC PROGRAMS IN THE NATION. ACCORDING TO THE MOST RECENT U.S. NEWS & WORLD REPORT OF GRADUATE SCHOOL RANKINGS, PENN'S GRADUATE PROGRAM IN MEDICINE IS RANKED SECOND, WHILE BUSINESS IS RANKED FIFTH. STRENGTHENING THE UNDERGRADUATE FINANCIAL AID PROGRAM HAS INCREASED ACCESS FOR THE MOST TALENTED STUDENTS REGARDLESS OF THEIR SOCIOECONOMIC BACKGROUND. STARTING IN SEPTEMBER 2009, ALL UNDERGRADUATE STUDENTS ELIGIBLE FOR FINANCIAL AID - CURRENTLY 45% OF THE UNDERGRADUATE ENROLLMENT - RECEIVED LOAN-FREE AID PACKAGES. II. RESEARCH ONE MEASURE OF THE EXCELLENCE OF THE RESEARCH AND ACADEMIC STUDIES CONDUCTED AT PENN IS THE AWARDS CONFERRED ON PENN FACULTY. THE FACULTY, ACTIVE AND EMERITUS, INCLUDES 84 MEMBERS OF THE ACADEMY OF ARTS AND SCIENCES, 81 MEMBERS OF THE INSTITUTE OF MEDICINE, 33 MEMBERS OF THE NATIONAL ACADEMY OF SCIENCES, 31 MEMBERS OF THE AMERICAN PHILOSOPHICAL SOCIETY, 173 RECIPIENTS OF GUGGENHEIM FELLOWSHIPS, AND 10 MEMBERS OF THE NATIONAL ACADEMY OF ENGINEERING. OVER THE PAST TWO DECADES, PENN HAS BEEN HOME TO 7 RECIPIENTS OF THE MACARTHUR AWARD, 5 NATIONAL MEDAL OF SCIENCE RECIPIENTS, 4 RECIPIENTS OF THE NOBEL PRIZE AND 5 PULITZER PRIZE WINNERS. WITH 142 RESEARCH CENTERS AND INSTITUTES, RESEARCH IS A SUBSTANTIAL AND ESTEEMED ENTERPRISE AT PENN. AS OF FISCAL YEAR 2012, THE RESEARCH COMMUNITY INCLUDES OVER 4,300 FACULTY; MORE THAN 1,100 POSTDOCTORAL FELLOWS; AND OVER 5,600 ACADEMIC SUPPORT STAFF AND GRADUATE STUDENT TRAINEES. RESEARCH GRANTS WON BY PENN FACULTY MAKE IT ONE OF THE HIGHEST RANKED RESEARCH UNIVERSITIES IN THE COUNTRY. III. PUBLIC SERVICE MISSION THE MISSION OF SERVING THE PUBLIC IS EXEMPLIFIED BY NUMEROUS PROGRAMS AT PENN. FOR 15 YEARS, THE SCHOOL OF NURSING'S LIFE PROGRAM HAS PROVIDED NURSING, MEDICAL, AND REHABILITATIVE CARE THAT ENABLES MORE THAN 350 LOCAL SENIORS TO LIVE INDEPENDENTLY. THE SCHOOL OF VETERINARY MEDICINE STUDENTS ROUTINELY TAKE COMPANION DOGS TO VISIT GUESTS AT THE PHILADELPHIA RONALD MCDONALD HOUSE TO COMFORT SICK CHILDREN AND THEIR FAMILIES SEEKING MEDICAL TREATMENT AT WEST PHILADELPHIA AREA HOSPITALS. THE SAYRE HEALTH CENTER PROVIDES CLINICAL SERVICES TO RESIDENTS OF THE WEST PHILADELPHIA COMMUNITY AND EDUCATIONAL OPPORTUNITIES FOR HIGH SCHOOL, UNDERGRADUATE, AND GRADUATE STUDENTS. THE AGATSTON URBAN NUTRITION INITIATIVE (AUNI) WORKS TO IMPROVE COMMUNITY NUTRITION AND HEALTH PARTICULARLY IN THE AREAS OF OBESITY, POOR NUTRITION, AND RELATED DISEASES SUCH AS DIABETES, BY DEVELOPING AND IMPLEMENTING A COMPREHENSIVE SET OF ACTIVITIES IN TARGETED NEIGHBORHOODS. WITH THE OPENING LAST YEAR OF PENN PARK ON 24 ACRES OF LAND NEAR THE SCHUYLKILL RIVER, THE UNIVERSITY IS MOVING FORWARD WITH PLANS TO CREATE A NEW NEIGHBORHOOD TO ITS EAST THAT WILL BOOST THE ECONOMIC, EDUCATIONAL, AND SOCIAL CAPACITY OF THE ENTIRE CITY AND REGION. PENN PARK PROVIDES AN INVITING GATEWAY TO THE CAMPUS THAT WILL BETTER CONNECT THE UNIVERSITY AND WEST PHILADELPHIA TO CENTER CITY. THROUGH ITS CULTURAL INSTITUTIONS, THE UNIVERSITY OF PENNSYLVANIA MUSEUM OF ANTHROPOLOGY AND ARCHAEOLOGY, THE INSTITUTE OF CONTEMPORARY ART, AND THE ANNENBERG CENTER FOR THE PERFORMING ARTS, PENN OFFERS CULTURAL ENRICHMENT AND EDUCATION TO THE ENTIRE REGION, WITH EXHIBITS, PROGRAMS AND EVENTS THAT SPAN THE ENTIRE RANGE OF HUMAN HISTORY AND EVENTS. PENN HAS CALLED WEST PHILADELPHIA HOME SINCE 1874. PENN IS COMMITTED TO MAKING WEST PHILADELPHIA A MORE ATTRACTIVE PLACE TO LIVE AND WORK BY PURCHASING GOODS AND SERVICES FROM LOCAL BUSINESSES, HIRING LOCAL RESIDENTS AND ENCOURAGING FACULTY AND STAFF TO RELOCATE TO THE AREA. THE INITIATIVES HAVE ENCOURAGED RETAIL DEVELOPMENT, IMPROVED SAFETY AND SECURITY AND IMPROVED PUBLIC EDUCATION THROUGH PARTNERSHIPS WITH EXISTING PUBLIC SCHOOLS AND AN INSTITUTIONAL INVESTMENT IN A NEW PUBLIC ELEMENTARY SCHOOL NEAR THE CAMPUS. PENN'S ACADEMIC PHILOSOPHY EMPHASIZES SERVICE AS ESSENTIAL TO LEARNING. PENN'S NETTER CENTER FOR COMMUNITY SERVICE IS A MODEL OF COMMUNITY SERVICE AND HAS HELPED DEVELOP UNIVERSITY-ASSISTED COMMUNITY SCHOOLS, WHERE PENN STUDENTS AND FACULTY PROVIDE INSTRUCTION, SUPPORT AND PARTNERSHIP TO LOCAL SCHOOLS BY EDUCATING, EMPOWERING, AND SERVING ALL MEMBERS OF THE COMMUNITY IN WHICH THE SCHOOL IS LOCATED. AT THE SAME TIME, BY WORKING WITH COMMUNITY MEMBERS TO CREATE AND SUSTAIN UNIVERSITY-ASSISTED COMMUNITY SCHOOLS, PENN ADVANCES ITS TEACHING, RESEARCH, AND SERVICE MISSIONS AND THE CIVIC DEVELOPMENT OF ITS STUDENTS. LAST YEAR ALONE, THE NETTER CENTER INVOLVED MORE THAN 125 STUDENT VOLUNTEERS, 100 INTERNS, AND 350 WORK-STUDY STUDENTS IN SERVICE TO MORE THAN 4,000 K-12 YOUTH AND THEIR FAMILIES. THE NETTER CENTER WAS CREDITED WITH VISIBLE IMPROVEMENTS IN ACADEMIC PERFORMANCE, ATTENDANCE AND STUDENT AND PARENTAL INVOLVEMENT AT THE COMMUNITY SCHOOLS. APPROXIMATELY 13,000 UNIVERSITY STUDENTS, FACULTY AND STAFF PARTICIPATE IN MORE THAN 300 PENN VOLUNTEER AND COMMUNITY SERVICE PROGRAMS, AS WELL AS THE MORE THAN 60 ACADEMICALLY BASED COMMUNITY SERVICE COURSES THAT PENN OFFERS EACH YEAR. COMMUNITY SERVICE AT PENN IS ALSO COORDINATED BY CIVIC HOUSE (STUDENT VOLUNTEERISM AND ADVOCACY), FOX LEADERSHIP, AND PENN VIPS (VOLUNTEERS IN PUBLIC SERVICE - FACULTY AND STAFF VOLUNTEERS), WHICH IS A PART OF THE NETTER CENTER. SEE SCHEDULE H, PART VI FOR ADDITIONAL DETAILS REGARDING SOME OF THE VARIOUS ADDITIONAL COMMUNITY BUILDING ACTIVITIES CONDUCTED BY THE UNIVERSITY.
4b (Code:   ) (Expenses $ 1,803,543,250 including grants of $   ) (Revenue $ 2,381,975,000 )
IV. PATIENT CARE THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA ("HUP"), THE FLAGSHIP OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM'S THREE HOSPITALS, WAS ESTABLISHED IN 1874 AS A TEACHING HOSPITAL TO COMPLEMENT THE MEDICAL EDUCATION RECEIVED BY STUDENTS AT THE UNIVERSITY OF PENNSYLVANIA MEDICAL SCHOOL. IT HAS 18 CLINICAL DEPARTMENTS AND PROVIDES TRAINING IN MORE THAN 40 CLINICAL SPECIALTIES. MAJOR AREAS OF INVESTIGATION INCLUDE HEART DISEASE, CANCER, AND DISEASES OF AGING INCLUDING ALZHEIMER'S DISEASE, WOMEN'S HEALTH, DIABETES AND OBESITY. THE HEALTH SYSTEM, WITH 1,632 LICENSED HOSPITAL BEDS, IS A VALUED HEALTH-CARE RESOURCE, ESPECIALLY TO PEOPLE RESIDING IN THE GREATER PHILADELPHIA AREA. DURING THE COURSE OF A YEAR, IT ADMITS NEARLY 80,000 PATIENTS AND ACCOUNTS FOR APPROXIMATELY 2 MILLION OUTPATIENT VISITS, MORE THAN 136,000 EMERGENCY ROOM VISITS AND NEARLY 9,000 BIRTHS. HUP IS THE ONLY HOSPITAL IN THIS AREA THAT PERFORMS TRANSPLANTS OF ALL MAJOR ORGANS. IN KEEPING WITH ITS CHARITABLE PURPOSE, THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS") (WHICH INCLUDES THE HUP AND CLINICAL PRACTICES OF THE UNIVERSITY OF PENNSYLVANIA (CPUP) DIVISIONS OF THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA), AS WELL AS CERTAIN AFFILIATES, ACCEPTS PATIENTS IN SERIOUS NEED OF MEDICAL CARE REGARDLESS OF THEIR FINANCIAL STATUS. THIS DEFINITION INCLUDES THOSE PATIENTS SUFFERING FROM A MEDICAL CONDITION MANIFESTING ITSELF BY ACUTE SYMPTOMS OF SUFFICIENT SEVERITY (INCLUDING SEVERE PAIN) SUCH THAT THE ABSENCE OF IMMEDIATE MEDICAL ATTENTION COULD REASONABLY BE EXPECTED TO RESULT IN (1) PLACING THE HEALTH OF THE INDIVIDUAL (OR, WITH RESPECT TO A PREGNANT WOMAN, THE HEALTH OF THE WOMAN OR HER UNBORN CHILD) IN SERIOUS JEOPARDY, OR (2) SERIOUS IMPAIRMENT TO BODILY FUNCTIONS. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY, AND CERTAIN AMOUNTS CHARGED FOR SUCH SERVICES ARE DEEMED TO BE UNCOLLECTIBLE. UPHS MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE THEY PROVIDE. THESE RECORDS INCLUDE THE AMOUNT OF PAYMENT FORGONE, BASED ON ESTABLISHED RATES, FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY. UPHS ESTIMATED UNCOMPENSATED CARE, COMPRISED OF CHARITY CARE AND THE PROVISION FOR DOUBTFUL ACCOUNTS, TOTALING $190,056,000 AND $151,644,000 DURING 2012 AND 2011, RESPECTIVELY. THE ESTIMATED COSTS OF PROVIDING CHARITY SERVICES ARE BASED ON DATA DERIVED FROM A COMBINATION OF THE UHPS' COST ACCOUNTING SYSTEM AND THE RATIO OF COSTS TO CHARGES. ADDITIONALLY, THE COSTS OF PROVIDING SERVICES TO ELIGIBLE WELFARE RECIPIENTS, WHO PARTICIPATE IN THE PENNSYLVANIA MEDICAL ASSISTANCE AND LOCAL MANAGED MEDICAID PROGRAMS EXCEEDED REIMBURSEMENT BY $111,979,000 AND $98,516,000 IN 2012 AND 2011, RESPECTIVELY. IN ADDITION TO PROVIDING DIRECT PATIENT CHARITY CARE,IN FURTHERANCE OF ITS EXEMPT PURPOSE TO BENEFIT THE COMMUNITY, THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM RECENTLY COMPLETED A COMMUNITY HEALTH NEEDS ASSESSMENT TO IDENTIFY THE MOST PRESSING HEALTH NEEDS IN THE SERVICE AREA AND DETERMINE HOW BEST TO ADDRESS THOSE NEEDS. THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM OPERATES EMERGENCY ROOMS OPEN TO THE PUBLIC 24 HOURS A DAY, 7 DAYS A WEEK; MAINTAINS RESEARCH FACILITIES FOR THE STUDY OF DISEASE AND INJURIES; PROVIDES FACILITIES FOR TEACHING AND TRAINING VARIOUS STUDENTS AND MEDICAL PERSONNEL; FACILITATES THE ADVANCEMENT OF MEDICAL AND SURGICAL EDUCATION; AND PROVIDES VARIOUS COMMUNITY SERVICES SUCH AS PROVIDING BASIC MEDICAL CARE FOR THE HOMELESS, TREATING OF CHRONIC DISEASE FOR LOW-INCOME RESIDENTS, AND PROVIDING WOMEN'S HEALTH SERVICES TO UNINSURED AND LOW-INCOME WOMEN OF ALL AGES; SCREENINGS FOR THE DETECTION OF BREAST, COLORECTAL, AND SKIN CANCER, CANCER SUPPORT GROUPS, A TOLL FREE NUMBER FOR CANCER INFORMATION, FREE IMMUNIZATION SHOTS, TRAINING PROGRAMS FOR THE CITY FIRE AND POLICE DEPARTMENTS, HEALTH EDUCATION CLASSES AND SPEECHES. ITS PUBLIC EDUCATION FUNCTION IS ALSO CONDUCTED BY REGULARLY PROVIDING HEALTH-RELATED INFORMATION TO PRINT, ELECTRONIC, AND INTERNET MEDIA FOR BROAD PUBLIC DISSEMINATION. IN ADDITION, EDUCATIONAL PROGRAMS IN AREA HIGH SCHOOLS FAMILIARIZE AND PREPARE YOUNG PEOPLE FOR CAREERS IN THE HEALTH CARE ARENA. AS A SERVICE TO THE COMMUNITY, UPHS ALSO LINKS ELIGIBLE PATIENTS WITH APPROPRIATE SUBSIDIZED HEALTH CARE AND FINANCIAL AID RESOURCES INCLUDING PATIENTS FROM THE CITY'S DISTRICT HEALTH CENTERS WHO REQUIRE SPECIALIZED CARE NOT AVAILABLE IN THE COMMUNITY SETTING. UPHS FACULTY ALSO VOLUNTEER THEIR EXPERTISE TO NUMEROUS PUBLIC HEALTH COMMITTEES AND AGENCIES AT THE COMMUNITY, STATE AND NATIONAL LEVEL, AS WELL AS PROFESSIONAL ORGANIZATIONS RESPONSIBLE FOR SETTING BEST-PRACTICE GUIDELINES. FACULTY ALSO PROVIDE PROFESSIONAL GUIDANCE AND COUNSEL TO PATIENT ADVOCACY ORGANIZATIONS THROUGHOUT THE AREA. SEE SCHEDULE H, PART VI FOR ADDITIONAL DETAILS REGARDING SOME OF THE VARIOUS ADDITIONAL COMMUNITY BUILDING ACTIVITIES CONDUCTED BY THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM.
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$ 4,288,085,155
Form 990 (2011)
Form 990 (2011)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part IIClick to see attachment.........................
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part IIIClick to see attachment........................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part IClick to see attachment....................
6
Yes
 
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
Yes
 
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
Yes
 
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
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 EClick to see attachment
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II.. Click to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III.. Click to see attachment
16
Yes
 
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part IClick to see attachment
17
Yes
 
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II.......... Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III................... Click to see attachment
19
 
No
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H..... Click to see attachment
20a
Yes
 
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. Click to see list of attachments
20b
Yes
 
Form 990 (2011)
Form 990 (2011)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
 
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..... Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................ Click to see list of attachments
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I...... Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................ Click to see attachment
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II......................... Click to see attachment
26
Yes
 
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III......... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ......................... Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV................... Click to see attachment
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV.. Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule MClick to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............ Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2........... Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2011)
Form 990 (2011)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V .........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
6,057
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
51,799
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: MediumBulletBD , FR , IN , JA , MX , SF , SP , AE , UK
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
Yes
 
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
1
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
 
No
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
No
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
No
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
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
No
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
57
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
51
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
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? .................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ............
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ..........
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? ....
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done ....................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes," to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
CA , FL , NY , PA
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
LESLIE KRUHLY SECRETARY
211 COLLEGE HALL
PHILADELPHIA,PA191046303
(215) 898-7005
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) SCOTT L BOK ESQ
TRUSTEE
 3.0 X           0 0 0
(2) JUDITH L BOLLINGER
TRUSTEE
 3.0 X           0 0 0
(3) DAVID M BRUSH
TRUSTEE
 3.0 X           0 0 0
(4) GILBERT F CASELLAS ESQ
TRUSTEE
 3.0 X           0 0 0
(5) SUSAN W CATHERWOOD
TRUSTEE
 3.0 X           0 0 0
(6) DR WILLIAM W M CHEUNG DMD
TRUSTEE
 3.0 X           0 0 0
(7) DR RAYMOND K F CH'IEN
TRUSTEE
 3.0 X           0 0 0
(8) L JOHN CLARK
TRUSTEE EMERITUS
 3.0 X           0 0 0
(9) DAVID L COHEN ESQ
CHAIPERSON
 5.0 X   X       0 0 0
(10) HON TOM CORBETT
EX-OFFICIO TRUSTEE
 3.0 X           0 0 0
(11) PAMELA DALEY ESQ
TRUSTEE
 3.0 X           0 0 0
(12) SUSAN FRIER DANILOW ESQ
TRUSTEE
 3.0 X           0 0 0
(13) JAMES G DINAN
TRUSTEE
 3.0 X           0 0 0
(14) LEE SPELMAN DOTY
TRUSTEE
 3.0 X           0 0 0
(15) WILLIAM P EGAN II
TRUSTEE
 3.0 X           0 0 0
(16) DAVID ERTEL
TRUSTEE
 3.0 X           0 0 0
(17) JAY S FISHMAN
TRUSTEE
 3.0 X           0 0 0
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) SARAH WILDER FULLER
TRUSTEE
 3.0 X           0 0 0
(19) ROBERT A GLEASON JR
TRUSTEE
 3.0 X           0 0 0
(20) PERRY GOLKIN ESQ
TRUSTEE
 3.0 X           0 0 0
(21) JOEL M GREENBLATT
TRUSTEE
 3.0 X           0 0 0
(22) JAMES H GREENE JR
TRUSTEE
 3.0 X           0 0 0
(23) VAHAN H GUREGHIAN
TRUSTEE
 3.0 X           0 0 0
(24) DR AMY GUTMANN
PRESIDENT, EX OFFICIO TRUSTEE
 40.0 X   X       1,260,238 0 831,526
(25) JANET F HAAS MD
TRUSTEE
 3.0 X           0 0 0
(26) ANDREW R HEYER
TRUSTEE
 3.0 X           0 0 0
(27) AMBASSADOR JON M HUNTSMAN JR
TRUSTEE
 3.0 X           0 0 0
(28) OSAGIE O IMASOGIE ESQ
TRUSTEE
 3.0 X           0 0 0
(29) ROBERT S KAPITO
TRUSTEE
 3.0 X           0 0 0
(30) MICHAEL J KOWALSKI
TRUSTEE
 3.0 X           0 0 0
(31) ANDREA BERRY LAPORTE
TRUSTEE
 3.0 X           0 0 0
(32) WILLIAM P LAUDER
TRUSTEE
 3.0 X           0 0 0
(33) CHARLES B LEITNER III
TRUSTEE
 3.0 X           0 0 0
(34) ROBERT M LEVY
TRUSTEE
 3.0 X           0 0 0
(35) M CLAIRE LOMAX ESQ
TRUSTEE
 3.0 X           0 0 0
(36) HOWARD S MARKS
TRUSTEE
 3.0 X           0 0 0
(37) DR DEBORAH MARROW
TRUSTEE
 3.0 X           0 0 0
(38) EDWARD J MATHIAS
TRUSTEE EMERITUS
 3.0 X           0 0 0
(39) MARC F MCMORRIS
TRUSTEE
 3.0 X           0 0 0
(40) ANDREA MITCHELL
TRUSTEE
 3.0 X           0 0 0
(41) MARSHALL PH MITCHELL
TRUSTEE
 3.0 X           0 0 0
(42) DANIEL S OCH
TRUSTEE
 3.0 X           0 0 0
(43) SIMON D PALLEY
TRUSTEE
 3.0 X           0 0 0
(44) RONALD O PERELMAN
TRUSTEE
 3.0 X           0 0 0
(45) EGBERT L J PERRY
TRUSTEE
 3.0 X           0 0 0
(46) RICHARD C PERRY
TRUSTEE
 3.0 X           0 0 0
(47) JULIE BEREN PLATT
TRUSTEE
 3.0 X           0 0 0
(48) ANDREW S RACHLEFF
TRUSTEE
 3.0 X           0 0 0
(49) ANN NOLAN REESE
TRUSTEE
 3.0 X           0 0 0
(50) JAMES S RIEPE
TRUSTEE
 3.0 X           0 0 0
(51) KATHERINE S SACHS
TRUSTEE
 3.0 X           0 0 0
(52) MARIE A SAVARD MD
TRUSTEE
 3.0 X           0 0 0
(53) JOHN P SHOEMAKER
TRUSTEE
 3.0 X           0 0 0
(54) DAVID M SILFEN
VICE CHAIRPERSON
 5.0 X   X       0 0 0
(55) DR KRISHNA P SINGH
TRUSTEE
 3.0 X           0 0 0
(56) CAROL ELIZABETH WARE
TRUSTEE
 3.0 X           0 0 0
(57) GEORGE A WEISS
VICE CHAIRPERSON
 5.0 X   X       0 0 0
(58) MARK O WINKELMAN
TRUSTEE
 3.0 X           0 0 0
(59) EHSAN EL-TAHRY ZAYAN
TRUSTEE
 3.0 X           0 0 0
(60) PAUL S LEVY ESQ
TRUSTEE (THRU 12/31/11)
 3.0 X           0 0 0
(61) SUSAN C TAYLOR MD
TRUSTEE (THRU 12/31/11)
 3.0 X           0 0 0
(62) ROBIN BECK
VICE PRESIDENT ISC
 40.0     X       454,934 0 41,144
(63) CRAIG CARNAROLI
EXECUTIVE VICE PRESIDENT
 40.0     X       808,522 0 77,251
(64) JEFFREY COOPER
VP GOVT & COMMUNITY RELATIONS
 40.0     X       337,880 0 47,577
(65) BONNIE GIBSON
VP BUDGET AND MGMT ANALYSIS
 40.0     X       329,205 0 38,038
(66) STEPHEN GOLDING
VP FINANCE AND TREASURER
 40.0     X       398,122 0 48,588
(67) JACK HEUER
VP HUMAN RESOURCES
 40.0     X       359,212 0 36,620
(68) JOHN HORN
COMPTROLLER
 40.0     X       258,822 0 27,090
(69) LARRY JAMESON
VP AND DEAN OF MEDICAL SCHOOL
 40.0     X       965,615 0 32,011
(70) LESLIE KRUHLY
VP AND SECRETARY
 40.0     X       283,520 0 98,679
(71) STEPHEN J MACCARTHY
VP COMMUNICATIONS
 40.0     X       132,236 0 20,030
(72) JOANN MITCHELL
VP INSTITUTIONAL AFFAIRS
 40.0     X       330,401 0 39,707
(73) ANNE PAPAGEORGE
VP FACILITIES AND REAL ESTATE
 40.0     X       379,897 0 40,735
(74) VINCENT PRICE
PROVOST
 40.0     X       701,285 0 110,528
(75) GREGORY ROST
VP AND CHIEF OF STAFF
 40.0     X       422,700 0 59,184
(76) MAUREEN RUSH
VP PUBLIC SAFETY
 40.0     X       282,549 0 40,137
(77) WENDY WHITE
SR VP AND GENERAL COUNSEL
 40.0     X       617,144 0 65,993
(78) MARIE WITT
VP BUSINESS SERVICES
 40.0     X       311,984 0 50,999
(79) JOHN ZELLER
VP DEVELOPMENT AND ALUMNI RELS
 40.0     X       564,194 0 85,202
(80) ANDREW BINNS
ASSOCIATE PROVOST
 40.0       X     288,650 0 40,904
(81) PATRICK BRENNAN
SR VP & CHIEF MEDICAL OFFICER
 40.0       X     643,528 0 81,547
(82) REBECCA V BUSHNELL
DEAN OF SAS
 40.0       X     415,843 0 55,090
(83) REBECCA COOKE
VICE DEAN, ADMIN SOM
 40.0       X     196,652 0 22,816
(84) MICHAEL DANDORPH
SR VP BUSINESS DEVELOPMENT
 40.0       X     821,648 0 103,309
(85) PETER DEGNAN
SENIOR ASSOCIATE DEAN
 40.0       X     325,666 0 30,113
(86) STEVEN J FLUHARTY
SR VICE PROVOST FOR RESEARCH
 40.0       X     399,212 0 27,487
(87) GLEN N GAULTON
VICE DEAN, SCHOOL OF MEDICINE
 40.0       X     733,842 0 37,820
(88) KRISTIN GILBERTSON
CHIEF INVESTMENT OFFICER
 40.0       X     1,523,872 0 30,472
(89) ELIZABETH JOHNSTON
EXECUTIVE DIRECTOR CPUP
 40.0       X     912,199 0 110,451
(90) KEITH KASPER
CFO, UPHS
 25.0       X     884,442 0 116,643
(91) TREVOR LEWIS
INTERIM VICE DEAN OF SAS
 40.0       X     244,183 0 42,583
(92) KEVIN MAHONEY
SENIOR VP, CHIEF ADMIN OFFICER
 40.0       X     947,806 0 109,942
(93) GAIL MORRISON
VICE DEAN, EDUCATION SOM
 40.0       X     658,067 0 124,687
(94) RALPH MULLER
CEO, UPHS
 40.0       X     3,410,917 0 18,323
(95) PETER QUINN
SR VP, VICE DEAN, PROF SERVICE
 40.0       X     1,235,131 0 38,643
(96) THOMAS ROBERTSON
DEAN OF WHARTON
 40.0       X     706,346 0 42,171
(97) GARRY SCHEIB
COO UPHS
 40.0       X     1,447,701 0 182,783
(98) MICHAEL SEAN GRADY MD
SURGEON - OTORHINOLARYNGOLOGY
 40.0         X   1,743,023 0 72,216
(99) PAUL MARCOTTE MD
NEUROSURGERY
 40.0         X   1,511,023   35,378
(100) WILLIAM C WELCH MD
NEUROSURGERY
 40.0         X   1,443,822 0 50,883
(101) ABRAHAM SHAKED MD
SURGERY CPUP- HARRISON
 40.0         X   1,217,086 0 51,283
(102) JOSEPH SERLETTI MD
SURGERY ADMINISTRATION
 40.0         X   1,158,582 0 50,534
(103) ARTHUR RUBENSTEIN
FORMER VP, DEAN OF MED SCHOOL
 0.0           X 2,584,979 0 46,772
(104) CHRISTOPHER KOPS
FORMER VICE DEAN, ADMIN SOM
 0.0           X 420,281 0 38,718
(105) RAMIN SEDEHI
FORMER VICE DEAN OF SAS
 0.0           X 240,059 0 40,252
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 35,313,020 0 3,392,859
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet4,719
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
GOOD SHEPHERD PENN PARTNERS
850 S 5TH STREET
ALLENTOWN,PA18103 		REHAB & MGMT SVCS 26,729,505
LF DRISCOLL CO
9 PRESIDENTIAL BLVD
BALA CYNWYD,PA19107 		CONSTRUCTION MGMT 21,699,917
TRISTATE BENEFIT SOLUTIONS
619 OAK STREET 1ST FLOOR
CINCINNATI,OH45206 		BILLING SERVICES 16,849,165
ALLIED BARTON SECURITY SERVICES
EIGHT TOWER BRIDGE
CONSHOHOCKEN,PA19428 		SECURITY SERVICES 15,412,997
COMPASS GROUP USA
2400 YOURKMOUNT ROAD
CHARLOTTE,NC28127 		DINING SERVICES 12,203,682
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet438
Form 990 (2011)
Form 990 (2011)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c 198,424
d Related organizations...1d  
e Government grants (contributions)1e 933,138,000
f All other contributions, gifts, grants, and
similar amounts not included above1f 		380,818,576
g Noncash contributions included in lines 1a-1f:$ 101,713,157
h Total. Add lines 1a-1f.......MediumBullet 1,314,155,000
Program Service Revenue Business Code
2a TUITION & FEES 611,310 1,036,878,000 1,036,878,000    
b HEALTHCARE REVENUES 622,110 2,381,975,000 2,381,975,000    
c AUXILIARY ENTERPRISES 611,710 237,316,000 237,316,000    
d OTHER PROGRAM SERVICE REVENUES 611,710 92,529,119 79,438,890 13,090,229  
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 3,748,698,119
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 96,900,510   -10,988,259 107,888,769
4 Income from investment of tax-exempt bond proceeds..MediumBullet 490     490
5 Royalties............MediumBullet 26,951,000     26,951,000
(i) Real (ii) Personal
6a Gross rents 4,531,000  
b Less: rental expenses    
c Rental income or (loss) 4,531,000  
d Net rental income or (loss).......MediumBullet 4,531,000     4,531,000
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 6,408,068,000 137,000
b Less: cost or other basis and sales expenses 6,215,429,000  
c Gain or (loss) 192,639,000 137,000
d Net gain or (loss)..........MediumBullet 192,776,000     192,776,000
8a Gross income from fundraising events (not including
$ 198,424
of contributions reported on line 1c). See Part IV, line 18 ...
a 66,050
b Less: direct expenses ...b 135,169
c Net income or (loss) from fundraising events..MediumBullet -69,119   -69,119
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 7,007,000
b Less: cost of goods sold ..b 5,281,000
c Net income or (loss) from sales of inventory..MediumBullet 1,726,000 1,726,000    
Miscellaneous Revenue Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 0
12 Total revenue. See Instructions....MediumBullet 5,385,669,000 3,737,333,890 2,101,970 332,078,140
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 22 334,828,276 334,828,276
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 6,207,760 6,207,760
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 40,185,852 38,180,559 2,005,293 0
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 5,354,281 5,086,567 267,714 0
7 Other salaries and wages 2,028,095,867 1,784,724,363 223,090,545 20,280,959
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 93,066,000 81,898,000 10,237,000 931,000
9 Other employee benefits ....... 341,925,000 300,894,000 37,612,000 3,419,000
10 Payroll taxes ........... 135,536,000 119,272,000 14,909,000 1,355,000
11 Fees for services (non-employees):        
a Management ...... 27,817,000 23,088,000 3,894,000 835,000
b Legal ......... 29,296,000 24,316,000 4,101,000 879,000
c Accounting ........... 2,677,000 2,329,000 348,000 0
d Lobbying ........... 102,000 85,000 14,000 3,000
e Professional fundraising. See Part IV, line 17.. 622,648 622,648
f Investment management fees ...... 25,166,000 20,888,000 3,523,000 755,000
g Other .......... 314,019,352 260,636,062 43,962,709 9,420,581
12 Advertising and promotion .... 11,932,000 9,665,000 1,909,000 358,000
13 Office expenses ....... 152,855,000 137,570,000 10,700,000 4,585,000
14 Information technology ...... 19,233,000 15,963,000 2,693,000 577,000
15 Royalties .. 0      
16 Occupancy ........... 253,898,000 228,508,000 17,773,000 7,617,000
17 Travel ............ 61,154,000 53,204,000 4,892,000 3,058,000
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 28,375,000 24,686,000 2,270,000 1,419,000
20 Interest ........... 58,788,000 41,739,000 5,879,000 11,170,000
21 Payments to affiliates ....... 8,998,000 8,998,000    
22 Depreciation, depletion, and amortization ..... 264,354,000 216,770,000 47,584,000  
23 Insurance .............. 101,055,000 87,918,000 13,137,000  
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 MEDICAL SUPPLIES 313,727,000 282,354,000 21,961,000 9,412,000
b BAD DEBT 116,611,000 101,452,000 15,159,000 0
c OTHER MISCELLANEOUS EXPENSES 77,452,964 69,707,568 5,422,777 2,322,619
d OTHER TAXES 71,340,000 1,427,000 69,913,000 0
e
f All other expenses 6,541,000 5,690,000 524,000 327,000
25 Total functional expenses. Add lines 1 through 24f 4,931,213,000 4,288,085,155 563,781,038 79,346,807
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 ....... 947,086,000 2 1,103,585,000
3 Pledges and grants receivable, net ......... 246,356,000 3 277,378,000
4 Accounts receivable, net ......... 395,680,000 4 415,726,000
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L .......... 326,786 5 755,357
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 ............. 99,288,214 7 95,196,643
8 Inventories for sale or use .............. 15,982,000 8 16,078,000
9 Prepaid expenses and deferred charges ............ 20,778,000 9 29,280,000
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 6,542,930,000
b Less: accumulated depreciation. ..... 10b 2,780,334,000 3,718,392,000 10c 3,762,596,000
11 Investments—publicly traded securities .......... 4,384,698,135 11 4,674,420,167
12 Investments—other securities. See Part IV, line 11 ...... 2,965,196,865 12 3,136,245,833
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 ........... 118,290,000 15 209,506,000
16 Total assets. Add lines 1 through 15 (must equal line 34)... 12,912,074,000 16 13,720,767,000
Liabilities 17 Accounts payable and accrued expenses . 1,251,445,000 17 1,389,500,000
18 Grants payable .......... 0 18 0
19 Deferred revenue .......... 101,740,000 19 119,652,000
20 Tax-exempt bond liabilities .......... 1,438,423,000 20 1,489,206,000
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 926,000 23 884,000
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..... 1,027,192,000 25 1,792,694,000
26 Total liabilities. Add lines 17 through 25..... 3,819,726,000 26 4,791,936,000
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 ..... 4,692,651,000 27 4,464,269,000
28 Temporarily restricted net assets ..... 1,884,374,000 28 1,803,891,000
29 Permanently restricted net assets ..... 2,515,323,000 29 2,660,671,000
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 9,092,348,000 33 8,928,831,000
34 Total liabilities and net assets/fund balances ..... 12,912,074,000 34 13,720,767,000
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
5,385,669,000
2
Total expenses (must equal Part IX, column (A), line 25) ....
2
4,931,213,000
3
Revenue less expenses. Subtract line 2 from line 1 ...
3
454,456,000
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
9,092,348,000
5
Other changes in net assets or fund balances (explain in Schedule O) ...
5
-617,973,000
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
8,928,831,000
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII .........
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?....
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O. ...........................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
Yes
 
Form 990 (2011)
Additional Data


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

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

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

23-1352685
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3..            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.).            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2011

Additional Data


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

23-1352685
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




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

Page 2
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
  		Employer identification number

23-1352685
Part I
Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




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

     
 
   

$  




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

     
 
   

$  




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

     
 
   

$  




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

     
 
   

$  




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

     
 
   

$  




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

Page 3
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
  		Employer identification number

23-1352685
Part II
Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 4
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
  		Employer identification number

23-1352685
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
Use duplicate copies of Part III if additional space is needed
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Additional Data


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

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

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

23-1352685
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

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

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

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

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










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

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

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


Schedule C (Form 990 or 990-EZ) 2011
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
Yes
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
Yes
 
c
Media advertisements? ....................................
 
No
 
d
Mailings to members, legislators, or the public? .........................
 
No
 
e
Publications, or published or broadcast statements? .......................
 
No
 
f
Grants to other organizations for lobbying purposes? .......................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
Yes
 
984,716
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? ..........................
 
No
 
j
Total. Add lines 1c through 1i ...............................
984,716
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
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
DETAIL OF LOBBYING ACTIVITIES SCHEDULE C, PART II-B THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") ALUMNI AND TRUSTEES OCCASIONALLY ENGAGE IN ADVOCACY RELATED TO FEDERAL AND STATE APPROPRIATIONS FOR PROGRAMS OF IMPORTANCE TO THE UNIVERSITY. THE UNIVERSITY MAINTAINS AN OFFICE OF FEDERAL RELATIONS, WHOSE MAIN FUNCTION IS TO KEEP THE UNIVERSITY COMMUNITY APPRISED OF FEDERAL DEVELOPMENTS WHICH MAY HAVE AN IMPACT ON THE UNIVERSITY INCLUDING, AMONG OTHERS, PENDING CHANGES TO THE INTERNAL REVENUE CODE, RESEARCH FUNDING AND ISSUES OF STUDENT AID. THE UNIVERSITY, A PRIVATE NON-PROFIT EDUCATIONAL INSTITUTION, RECEIVES DIRECT ANNUAL NON-PREFERRED APPROPRIATIONS FROM THE COMMONWEALTH OF PENNSYLVANIA. THE AMOUNT AND CONTINUATION OF THESE APPROPRIATIONS ARE NOT GUARANTEED. THEREFORE, THE UNIVERSITY MAINTAINS AN OFFICE OF COMMONWEALTH RELATIONS IN ORDER TO SUPPORT, JUSTIFY, AND COORDINATE THESE APPROPRIATION REQUESTS BEFORE THE STATE EDUCATION DEPARTMENT, OTHER APPROPRIATE AGENCIES OF THE EXECUTIVE BRANCH, AND THE GENERAL ASSEMBLY. THE MAJORITY OF THIS OFFICE'S EFFORTS ARE RELATED TO ACTIVITIES SUPPORTING THESE APPROPRIATION REQUESTS. ADDITIONALLY, THIS OFFICE MAY ALSO CONDUCT MINIMAL LOBBYING ACTIVITIES RELATED TO OTHER ISSUES, SUCH AS STUDENT AID AND OTHER PROGRAMS RELATED TO HIGHER EDUCATION. IN CONJUNCTION WITH THESE TYPES OF LOBBYING ACTIVITIES, THE UNIVERSITY HAS CONTRACTED WITH PROFESSIONAL LOBBYISTS TO CONTACT LEGISLATORS IN CONNECTION WITH THE UNIVERSITY'S ANNUAL APPROPRIATIONS. THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM, THROUGH ITS OFFICE OF GOVERNMENTAL AFFAIRS, CONDUCTED LOBBYING ACTIVITIES WITH RESPECT TO HEALTH CARE RELATED ISSUES AND LEGISLATION. THESE ACTIVITIES INCLUDED MEETING WITH LEGISLATORS, THEIR STAFF, AND GOVERNMENTAL OFFICIALS, AS WELL AS CONDUCTING SEMINARS.
Schedule C (Form 990 or 990EZ) 2011

Additional Data


Software ID:  
Software Version:  

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

23-1352685
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 ....... 3  
2 Aggregate contributions to (during year) ... 25,000  
3 Aggregate grants from (during year) ... 453,650  
4 Aggregate value at end of year ....... 1,032,565  
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 $ 1,071,588
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $ 39,736,000
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 .... 6,254,637,000 5,386,041,000 4,906,520,000 5,880,637,000
b Contributions ........ 340,007,000 126,596,000 126,564,000 131,544,000
c Net investment earnings, gains, and losses ... 75,605,000 949,861,000 575,767,000 -885,031,000
d Grants or scholarships ..... 0 0 0 0
e Other expenditures for facilities
and programs ........ 		233,970,000 207,861,000 222,810,000 220,630,000
f Administrative expenses .... 0 0 0 0
g End of year balance ...... 6,436,279,000 6,254,637,000 5,386,041,000 4,906,520,000
2
Provide the estimated percentage of the year end balance (line 1g) held as:
a
Board designated or quasi-endowment SchDMd Bullet38.870 %
b
Permanent endowment SchDMd Bullet40.880 %
c
Temporarily restricted endowment SchDMd Bullet20.250 %
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)
Yes
 
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   136,700,000 136,700,000
b Buildings ................   4,902,649,000 1,990,545,000 2,912,104,000
c Leasehold improvements ............        
d Equipment ................   1,315,531,000 789,789,000 525,742,000
e Other .................   188,050,000 0 188,050,000
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 3,762,596,000
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) VENTURE CAPITAL & OTHER INVEST 		2,758,323,643 F

(B) REAL ESTATE 		348,101,190 F

(C) INVESTMENT IN SUBSIDIARIES 		29,821,000 F






Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 3,136,245,833
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
DEPOSITS, ADVANCES, AGENCY FUNDS 129,656,000
FEDERAL STUDENT LOAN ADVANCES 78,655,000
ACCRUED RETIREMENT BENEFITS 1,105,665,000
INTERCOMPANY DUE TO AFFILIATES 178,718,000
TAXABLE BOND LIABILITY 300,000,000




Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 1,792,694,000
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  
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2  
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3  
4 Net unrealized gains (losses) on investments .......................... 4  
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV.) ................................. 8  
9 Total adjustments (net). Add lines 4 through 8 ......................... 9  
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10  
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV.) ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total Revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV.) ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV.) ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
DESCRIPTION OF COLLECTIONS SCHEDULE D, PART III, LINE 3 & 5 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (UNIVERSITY) CURRENTLY MAINTAINS 15 LIBRARIES. THE COLLECTIONS AS A WHOLE INCLUDE INFORMATION FROM NUMEROUS FIELDS OF STUDY. THE UNIVERSITY'S DEPARTMENTAL LIBRARIES ARE GENERALLY SUBJECT SPECIFIC (MATH/PHYSICS/ASTRONOMY, ENGINEERING, FINE ARTS, BUSINESS, MUSIC, BIOMEDICAL, DENTAL MEDICINE, VETERINARY MEDICINE, ETC.) AND THE VAN PELT-DIETRICH LIBRARY CENTER HOUSES INFORMATION FROM ALL OF THESE AREAS, AS WELL AS THE RARE BOOK COLLECTION AND ALL OF THE HUMANITIES. SUBJECT HOLDINGS INCLUDE PHILOSOPHY, PSYCHOLOGY, RELIGION, HISTORY, GEOGRAPHY, ANTHROPOLOGY, RECREATION, SOCIAL SCIENCE, ECONOMICS, SOCIOLOGY, POLITICAL SCIENCE, LAW, EDUCATION, LITERATURE, SCIENCE, AGRICULTURE, TECHNOLOGY, MILITARY SCIENCE, AND GENERAL BIBLIOGRAPHY. THE LIBRARIES' COLLECTIONS, BOTH PRINT AND ELECTRONIC, DIRECTLY SUPPORT THE RESEARCH AND INSTRUCTION MISSION OF THE UNIVERSITY BY ENSURING ACCESS TO CURRENT AND HISTORICAL INFORMATION. THE UNIVERSITY DOES NOT SOLICIT OR RECEIVE DONATIONS OF ART, HISTORICAL TREASURES OR OTHER SIMILAR ASSETS TO BE SOLD IN ORDER TO RAISE FUNDS. ALL DONATIONS OF MATERIALS ARE ADDED TO THE EXISTING COLLECTIONS, EXCEPT FOR NON-RARE, DUPLICATE ITEMS. THE VALUE OF THESE NON-RARE, DUPLICATE ITEMS IN THE MARKETPLACE IS GENERALLY NEGLIGIBLE. THESE ITEMS ARE TYPICALLY SENT TO A NON-PROFIT VENDOR FOR RESALE. THE UNIVERSITY THEN RECEIVES A PORTION OF THE SALES PRICE. THE TOTAL ACTIVITY WITH THIS VENDOR TYPICALLY GENERATES LESS THAN $2K PER YEAR.
USE OF ENDOWMENT FUNDS SCHEDULE D, PART V DURING THE YEAR ENDED JUNE 30, 2012, THE UNIVERSITY'S ENDOWMENT CONSISTED OF 5,214 DONOR-RESTRICTED PERMANENT OR TERM ENDOWMENT FUNDS AND 958 UNRESTRICTED ENDOWMENT FUNDS ESTABLISHED BY THE BOARD OF TRUSTEES FOR A VARIETY OF PURPOSES IN FURTHERANCE OF THE ORGANIZATION'S TAX-EXEMPT PURPOSES.
TEXT OF FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X THE UNIVERSITY EVALUATES ITS TAX POSITION BASED ON THE FASB STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES THE USE OF A TWO-STEP APPROACH FOR RECOGNIZING AND MEASURING TAX BENEFITS TAKEN OR EXPECTED TO BE TAKEN IN AN UNRELATED BUSINESS ACTIVITY TAX RETURN AND DISCLOSURES REGARDING UNCERTAINTIES IN TAX POSITIONS. THE FIRST STEP IS RECOGNITION: THE UNIVERSITY DETERMINES WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. IN EVALUATING WHETHER A TAX POSITION HAS MET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE UNIVERSITY PRESUMES THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE SECOND STEP IS MEASUREMENT: A TAX POSITION THAT MEETS THE MORE-LIKELY-THAN-NOT THRESHOLD IS MEASURED TO DETERMINE THE AMOUNT OF BENEFIT TO RECOGNIZE IN THE FINANCIAL STATEMENTS. THE TAX POSITION IS MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE DIFFERENCE BETWEEN TAX POSITIONS TAKEN IN A TAX RETURN AND AMOUNTS RECOGNIZED IN THE FINANCIAL STATEMENTS WILL GENERALLY RESULT IN AN INCREASE IN A LIABILITY FOR INCOME TAXES PAYABLE OR A REDUCTION OF AN INCOME TAX REFUND RECEIVABLE.
OTHER LIABILITIES DETAIL SCHEDULE D, PART X THE INTERCOMPANY DUE TO AFFILIATES BALANCE INCLUDES AMOUNTS OWED TO AFFILIATES BASED UPON CENTRAL MANAGEMENT OF THE CASH HELD BY CERTAIN AFFILIATES.
Schedule D (Form 990) 2011

Additional Data


Software ID:  
Software Version:  




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

23-1352685
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? ......................
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? ......................................
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during
the period of solicitation for students, or during the registration period if it has no solicitation program, in a way
that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"
please explain. If you need more space use Part II. .............................
3
Yes
 
 
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff? ..........
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? ...............................................
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? ...........................
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? ..............
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? .....................................
5a
 
No
b
Admissions policies? .........................................
5b
 
No
c
Employment of faculty or administrative staff? ..............................
5c
 
No
d
Scholarships or other financial assistance? ................................
5d
 
No
e
Educational policies? .........................................
5e
 
No
f
Use of facilities? ...........................................
5f
 
No
g
Athletic programs? ..........................................
5g
 
No
h
Other extracurricular activities? .....................................
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? ...........
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? ...................
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) 2011
Schedule E (Form 990 or 990EZ) 2011
Page 2
Part II
Supplemental Information
Complete this part to provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also complete this part to provide any other additional information (see instructions).
Identifier Return Reference Explanation
PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY FORM 990, SCHEDULE E, LINE 3 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") PUBLISHES ITS RACIALLY NON-DISCRIMINATORY POLICY IN THE STUDENT CATALOGUE, ON ITS FINANCIAL AID APPLICATIONS AND IN OTHER BROCHURES WHICH DESCRIBE THE UNIVERSITY OF PENNSYLVANIA, ITS SCHOOLS, CENTERS, AND INSTITUTES.
DESCRIPTION OF FINANCIAL AID/ASSISTANCE FROM GOV'T AGENCY FORM 990, SCHEDULE E, LINE 6A THE UNIVERSITY IS A PRIVATE NON-PROFIT INSTITUTION THAT RECEIVES DIRECT ANNUAL NON-PREFERRED APPROPRIATIONS FROM THE COMMONWEALTH OF PENNSYLVANIA. THE UNIVERSITY AlSO RECEIVES VARIOUS GOVERNMENTAL FUNDING WHICH SUPPORTS ITS EDUCATIONAL, PATIENT CARE, AND RESEARCH MISSIONS.
Schedule E (Form 990 or 990-EZ) 2011
Additional Data


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

23-1352685
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 0 3 Send agents to seminar   19,885
Central America and the Caribbean 0 1 Conduct board meetings   4,115
Central America and the Caribbean 0 5 Fundraising   14,353
Central America and the Caribbean 0 6 Grantmaking   9,999
Central America and the Caribbean 0 13 Program Services EDUCATION & TRAINING 128,406
Central America and the Caribbean 0 6 Program Services FIELD RESEARCH 19,047
Central America and the Caribbean 0 1 Program Services SOCIAL RESEARCH 7,000
Central America and the Caribbean 0 6 Program Services STUDY ABROAD/EDUCATION 364,711
Central America and the Caribbean 0 15 Program Services STUDY ABROAD/RESEARCH 95,410
Central America and the Caribbean 0 1 Program Services RECRUITING 7,007
Central America and the Caribbean 0 0 Investments   316,931,050
East Asia and the Pacific 0 100 Send agents to seminar   652,937
East Asia and the Pacific 0 10 Conduct board meetings   88,419
East Asia and the Pacific 1 35 Fundraising   790,139
East Asia and the Pacific 0 2 Grantmaking   91,301
East Asia and the Pacific 0 0 Program Services CLINICAL TRIALS 119,704
East Asia and the Pacific 1 98 Program Services EDUCATION/TRAINING 1,563,251
East Asia and the Pacific 0 27 Program Services FIELD RESEARCH 226,685
East Asia and the Pacific 0 20 Program Services SOCIAL RESEARCH 73,610
East Asia and the Pacific 0 48 Program Services STUDY ABROAD/EDUCATION 1,413,916
East Asia and the Pacific 0 3 Program Services STUDY ABROAD/RESEARCH 91,199
East Asia and the Pacific 0 33 Program Services RECRUITING 337,885
East Asia and the Pacific 0 0 Unrelated Trade or Business   2,000
Europe (Including Iceland and Greenland) 0 380 Send agents to seminar   1,174,180
Europe (Including Iceland and Greenland) 0 9 Conduct board meetings   106,238
Europe (Including Iceland and Greenland) 0 63 Fundraising   1,214,678
Europe (Including Iceland and Greenland) 0 1 Grantmaking   28,792
Europe (Including Iceland and Greenland) 0 0 Program Services CLINICAL TRIALS 17,058
Europe (Including Iceland and Greenland) 0 152 Program Services EDUCATION/TRAINING 1,906,350
Europe (Including Iceland and Greenland) 0 110 Program Services FIELD RESEARCH 2,129,006
Europe (Including Iceland and Greenland) 0 35 Program Services SOCIAL RESEARCH 490,580
Europe (Including Iceland and Greenland) 2 60 Program Services STUDY ABROAD/EDUCATION 5,044,290
Europe (Including Iceland and Greenland) 0 59 Program Services STUDY ABROAD/RESEARCH 623,880
Europe (Including Iceland and Greenland) 0 18 Program Services RECRUITING 118,579
Europe (Including Iceland and Greenland) 0 1 Unrelated Trade or Business   242,964
Europe (Including Iceland and Greenland) 0 0 Investments   89,011,000
Middle East and North Africa 1 50 Send agents to seminar   115,586
Middle East and North Africa 0 1 Conduct board meetings   106
Middle East and North Africa 0 1 Fundraising   13,298
Middle East and North Africa 0 22 Program Services EDUCATION/TRAINING 401,438
Middle East and North Africa 0 6 Program Services FIELD RESEARCH 211,243
Middle East and North Africa 0 7 Program Services SOCIAL RESEARCH 31,912
Middle East and North Africa 0 39 Program Services STUDY ABROAD/EDUCATION 552,524
Middle East and North Africa 0 12 Program Services STUDY ABROAD/RESEARCH 180,532
Middle East and North Africa 0 5 Program Services RECRUITING 53,534
Middle East and North Africa 0 0 Unrelated Trade or Business   970
North America 0 81 Send agents to seminar   286,020
North America 0 4 Fundraising   33,434
North America 0 4 Grantmaking   9,100
North America 0 0 Program Services CLINICAL TRIALS 3,139
North America 0 15 Program Services EDUCATION/TRAINING 375,745
North America 0 22 Program Services FIELD RESEARCH 313,809
North America 0 1 Program Services SOCIAL RESEARCH 45,009
North America 0 1 Program Services STUDY ABROAD/EDUCATION 35,106
North America 0 6 Program Services STUDY ABROAD/RESEARCH 97,604
North America 0 9 Program Services RECRUITING 26,658
North America 0 0 Unrelated Trade or Business   25,774
North America 0 0 Investments   33,658,269
Russia and the Newly Independent States 0 5 Send agents to seminar   36,711
Russia and the Newly Independent States 0 2 Fundraising   15,936
Russia and the Newly Independent States 0 11 Program Services EDUCATION/TRAINING 551,996
Russia and the Newly Independent States 0 9 Program Services FIELD RESEARCH 48,928
Russia and the Newly Independent States 0 4 Program Services SOCIAL RESEARCH 14,887
Russia and the Newly Independent States 0 1 Program Services STUDY ABROAD/EDUCATION 121,997
Russia and the Newly Independent States 0 2 Program Services STUDY ABROAD/RESEARCH 10,158
Russia and the Newly Independent States 0 3 Program Services RECRUITING 15,018
South America 0 20 Send agents to seminar   73,320
South America 0 7 Conduct board meetings   30,972
South America 0 8 Fundraising   74,537
South America 0 1 Grantmaking   2,431
South America 0 0 Program Services CLINICAL TRIALS 2,535
South America 0 36 Program Services EDUCATION/TRAINING 868,528
South America 0 11 Program Services FIELD RESEARCH 480,836
South America 0 1 Program Services SOCIAL RESEARCH 221,402
South America 0 41 Program Services STUDY ABROAD/EDUCATION 1,229,380
South America 0 1 Program Services STUDY ABROAD/RESEARCH 9,139
South America 0 9 Program Services RECRUITING 48,064
South Asia 0 23 Send agents to seminar   79,836
South Asia 0 0 Conduct board meetings   8,121
South Asia 0 3 Fundraising   24,541
South Asia 0 37 Program Services EDUCATION/TRAINING 667,494
South Asia 0 10 Program Services FIELD RESEARCH 133,256
South Asia 0 3 Program Services SOCIAL RESEARCH 231,654
South Asia 0 14 Program Services STUDY ABROAD/EDUCATION 436,410
South Asia 0 3 Program Services STUDY ABROAD/RESEARCH 34,225
South Asia 0 1 Program Services RECRUITING 1,171
South Asia 0 1 Unrelated Trade or Business   500
Sub-Saharan Africa 0 17 Send agents to seminar   112,479
Sub-Saharan Africa 0 0 Conduct board meetings   1,347
Sub-Saharan Africa 0 1 Fundraising   1,129
Sub-Saharan Africa 0 1 Grantmaking   2,615
Sub-Saharan Africa 1 20 Program Services EDUCATION/TRAINING 349,354
Sub-Saharan Africa 14 106 Program Services FIELD RESEARCH 3,321,906
Sub-Saharan Africa 0 3 Program Services SOCIAL RESEARCH 578,381
Sub-Saharan Africa 0 27 Program Services STUDY ABROAD/EDUCATION 504,583
Sub-Saharan Africa 1 7 Program Services STUDY ABROAD/RESEARCH 194,472
Sub-Saharan Africa 0 1 Program Services RECRUITING 16,026
3a Sub-total ..... 2 302 320,906,734
b Total from continuation sheets to Part I ... 19 1,755 151,279,975
c Totals (add lines 3a and 3b) 21 2,057 472,186,709
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)
Cent. America/Caribbean MAYA EXHIBIT 26,360 WIRE   N/A N/A
Cent. America/Caribbean EDUCATION RESEARCH 13,990 WIRE   N/A N/A
East Asia/Pacific MEDIA EVENTS 7,291 CHECK   N/A N/A
East Asia/Pacific   122,159 WIRE   N/A N/A
East Asia/Pacific LEADERSHIP SUMMIT 25,636 CREDIT CARD   N/A N/A
East Asia/Pacific PUBLICATION SUPPORT 73,942 WIRE   N/A N/A
East Asia/Pacific RESEARCH 6,800 CHECK   N/A N/A
East Asia/Pacific COLLABORATION SUPPORT 140,868 WIRE   N/A N/A
East Asia/Pacific ATTORNEY FEES 10,316 FORGN DRAFT   N/A N/A
East Asia/Pacific   16,574 CHECK   N/A N/A
East Asia/Pacific RECRUITING RESEARCH 43,030 CHECK   N/A N/A
East Asia/Pacific RECRUITING 50,327 CHECK   N/A N/A
East Asia/Pacific RECRUITING 7,767 CHECK   N/A N/A
Europe/Iceland/Greenland ARTIST RESID. EXCHANGE 27,200 WIRE   N/A N/A
Europe/Iceland/Greenland EDUCATION 289,976 WIRE   N/A N/A
Europe/Iceland/Greenland   17,697 WIRE   N/A N/A
Europe/Iceland/Greenland PROUDLY PENN UK EVENT 16,328 FORGN DRAFT   N/A N/A
Europe/Iceland/Greenland   7,566 WIRE   N/A N/A
Europe/Iceland/Greenland STUDY ABROAD 13,697 WIRE   N/A N/A
Europe/Iceland/Greenland RESEARCH 9,185 CHECK   N/A N/A
Europe/Iceland/Greenland PROUDLY PENN UK EVENT 5,501 FORGN DRAFT   N/A N/A
Europe/Iceland/Greenland COMPUTING 5,093 CHECK   N/A N/A
Europe/Iceland/Greenland CELEBRATING PENN EVENT 10,066 CREDIT CARD   N/A N/A
Europe/Iceland/Greenland   7,530 CHECK   N/A N/A
Europe/Iceland/Greenland ACCOUNTING FEES 6,859 FORGN DRAFT   N/A N/A
Europe/Iceland/Greenland SUMMER CAREER RECEPTION 6,141 FORGN DRAFT   N/A N/A
Europe/Iceland/Greenland PROUDLY PENN UK EVENT 9,778 FORGN DRAFT   N/A N/A
Europe/Iceland/Greenland CONSERVATION SPECIAL DRILL PURCHASE 30,000 WIRE   N/A N/A
Europe/Iceland/Greenland RESEARCH 5,362 WIRE   N/A N/A
Europe/Iceland/Greenland   37,910 CHECK   N/A N/A
Europe/Iceland/Greenland RESEARCH 26,631 CHECK   N/A N/A
Europe/Iceland/Greenland   343,400 CHECK   N/A N/A
Europe/Iceland/Greenland   45,344 CHECK   N/A N/A
Europe/Iceland/Greenland   281,118 CHECK   N/A N/A
Europe/Iceland/Greenland STUDY ABROAD 192,327 CHECK   N/A N/A
Europe/Iceland/Greenland STUDY ABROAD 106,635 CHECK   N/A N/A
Europe/Iceland/Greenland   77,031 CHECK   N/A N/A
Europe/Iceland/Greenland THIN DATA 12,306 CHECK   N/A N/A
Europe/Iceland/Greenland CLINICAL RESEARCH EQUIPMENT 21,889 CHECK   N/A N/A
Middle East/North Africa   79,567 WIRE   N/A N/A
Middle East/North Africa   5,500 CHECK   N/A N/A
North America AUDIO TOUR 46,902 WIRE   N/A N/A
North America SUBCONTRACT GRANT 102,844 CHECK   N/A N/A
North America SUBSCRIPTION RESEARCH 7,295 CHECK   N/A N/A
North America SOFTWARE 32,108 FORGN DRAFT   N/A N/A
North America   11,574 CHECK   N/A N/A
North America   10,590 CHECK   N/A N/A
North America RESEARCH 30,654 CHECK   N/A N/A
North America SUBCONTRACT 189,339 CHECK   N/A N/A
Russia   6,157 CHECK   N/A N/A
South America RESEARCH 128,757 CHECK   N/A N/A
South America   23,007 CHECK   N/A N/A
South America FELLOWSHIP 14,102 CHECK   N/A N/A
South Asia   209,812 CHECK   N/A N/A
Sub-Saharan Africa WORKER'S COMP 9,830 WIRE   N/A N/A
Sub-Saharan Africa PROPERTY MGMT 23,519 CHECK   N/A N/A
Sub-Saharan Africa MEDICAL EQUIP 12,820 WIRE   N/A N/A
Sub-Saharan Africa HEALTH INS 54,148 WIRE   N/A N/A
Sub-Saharan Africa ELECTRICITY 9,534 CHECK   N/A N/A
Sub-Saharan Africa TELECOM 11,029 CHECK   N/A N/A
Sub-Saharan Africa TAXES 184,899 CHECK   N/A N/A
Sub-Saharan Africa   6,413 CHECK   N/A N/A
Sub-Saharan Africa MEDICAL LAB 40,429 CHECK   N/A N/A
Sub-Saharan Africa PORTOCABIN 5,700 WIRE   N/A N/A
Sub-Saharan Africa   8,446 CHECK   N/A N/A
Sub-Saharan Africa PROPERTY MGMT 12,848 CHECK   N/A N/A
Sub-Saharan Africa IT SUPPORT 15,676 CHECK   N/A N/A
Sub-Saharan Africa LAB EQUIPMENT 6,957 WIRE   N/A N/A
Sub-Saharan Africa   5,581 CHECK   N/A N/A
Sub-Saharan Africa FUEL STATION 13,714 CHECK   N/A N/A
Sub-Saharan Africa   6,042 CHECK   N/A N/A
Sub-Saharan Africa TELECOM 12,582 CHECK   N/A N/A
Sub-Saharan Africa LAB EQUIPMENT 19,332 CHECK   N/A N/A
Sub-Saharan Africa TRANSPORT 24,831 WIRE   N/A N/A
Sub-Saharan Africa TELECOM 13,610 CHECK   N/A N/A
Sub-Saharan Africa PROPERTY MGMT 59,224 CHECK   N/A N/A
Sub-Saharan Africa   12,522 CHECK   N/A N/A
Sub-Saharan Africa BANKING 6,678 CHECK   N/A N/A
Sub-Saharan Africa   5,928 CHECK   N/A N/A
Sub-Saharan Africa TRAVEL 7,632 CHECK   N/A N/A
Sub-Saharan Africa WIRELESS TELECOM 20,395 CHECK   N/A N/A
Sub-Saharan Africa   14,559 WIRE   N/A N/A
Sub-Saharan Africa   12,435 CHECK   N/A N/A
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
0
3
Enter total number of other organizations or entities ........................MediumBullet
87
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)
GIFT Cent. America/Caribbean 1 13,600 WIRE   N/A N/A
RESEARCH Cent. America/Caribbean 1 42,403 CHECK   N/A N/A
RESEARCH Cent. America/Caribbean 1 7,000 CHECK   N/A N/A
CONSULTANT FEES Cent. America/Caribbean 2 27,500 CHECK   N/A N/A
RESEARCH East Asia/Pacific 1 14,400 CHECK   N/A N/A
RESEARCH East Asia/Pacific 1 6,300 CHECK   N/A N/A
RESEARCH East Asia/Pacific 1 11,476 WIRE   N/A N/A
MGMT OF UK TRUST Europe/Iceland/Greenland 1 10,603 FORGN DRAFT   N/A N/A
GIFT Europe/Iceland/Greenland 1 51,095 WIRE   N/A N/A
GIFT Europe/Iceland/Greenland 1 15,500 WIRE   N/A N/A
RESEARCH Europe/Iceland/Greenland 1 14,827 CHECK   N/A N/A
RESEARCH Europe/Iceland/Greenland 2 15,591 CHECK   N/A N/A
RESEARCH Europe/Iceland/Greenland 1 17,647 CHECK   N/A N/A
RESEARCH Europe/Iceland/Greenland 1 7,199 CHECK   N/A N/A
RESEARCH Europe/Iceland/Greenland 5 60,079 CHECK   N/A N/A
RESEARCH Europe/Iceland/Greenland 1 7,500 WIRE   N/A N/A
CERT Middle East/North Africa 1 27,223 WIRE   N/A N/A
CONSULTING North America 1 5,000 CHECK   N/A N/A
RESEARCH North America 1 10,000 CHECK   N/A N/A
RESEARCH North America 1 8,000 CHECK   N/A N/A
CONSULTING North America 1 5,000 CHECK   N/A N/A
RESEARCH Russia 2 16,229 CHECK   N/A N/A
SALARY/EMPLOYEE BENEFITS Sub-Saharan Africa 87 1,992,193 CHECK 128,244 TUITION/INS. FMV
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
PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. FORM 990, SCHEDULE F, PART I, LINE 2 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA OFFICE OF RESEARCH SERVICES IS RESPONSIBLE FOR MONITORING THE USE OF GRANT FUNDS PURSUANT TO ESTABLISHED POLICES AND PROTOCOL. THESE POLICIES COVER GRANTS MADE BOTH WITHIN AND OUTSIDE THE U.S.
SUBAWARDS FORM 990, SCHEDULE F, PART II IN FURTHERANCE OF ITS RESEARCH ACTIVITIES, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA MAKES SUB-AWARDS TO OTHER FOREIGN INSTITUTIONS THAT PERFORM RESEARCH IN CONNECTION WITH RESEARCH GRANTS AWARDED TO THE UNIVERSITY. THE UNIVERSITY DOES NOT CATEGORIZE THESE SUB-AWARDS AS "FOREIGN ACTIVITIES" FOR FORM 990, SCHEDULE F REPORTING PURPOSES, SINCE THE FOREIGN RECIPIENT ORGANIZATIONS PERFORM RESEARCH SERVICES FOR THE UNIVERSITY AND ARE CONSIDERED INDEPENDENT CONTRACTORS WHICH SERVE THE DIRECT NEEDS OF THE UNIVERSITY.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2011
Additional Data


Software ID:  
Software Version:  



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

23-1352685
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
RUFFALOCODY
65 KIRKWOOD NORTH RD SW
 
CEDAR RAPIDS, IA52404 		MANAGE CALL CENTERS   No 3,214,692 622,648 2,592,044
Total .................right arrow 3,214,692 622,648 2,592,044
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
FL, PA
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2011
Schedule G (Form 990 or 990-EZ) 2011
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.
(a) Event #1

MOONLIGHT&ROSES
(event type) 		(b) Event #2

BEGGARS BANQUET
(event type) 		(c) Other Events

3
(total number) 		(d) Total Events
(Add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 198,350 21,967 44,157 264,474
2 Less: Charitable
contributions . . . 		132,300 21,967 44,157 198,424
3 Gross income (line 1
minus line 2) . . . 		66,050 0 0 66,050
VerticalDirectExpenses 4 Cash prizes . . . 0 0 0 0
5 Non-cash prizes . . 0 0 500 500
6 Rent/facility costs . . 4,503 0 0 4,503
7 Food and beverages . . 0 0 0 0
8 Entertainment . . . 0 0 0 0
9 Other direct expenses . 92,671 13,225 24,270 130,166
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 135,169
11 Net income summary. Combine lines 3 and 10 in column (d)............ right arrow -69,119
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (Add col. (a) through col. (c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," Explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," Explain:
 
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ..........................
Schedule G (Form 990 or 990-EZ) 2011
Schedule G (Form 990 or 990-EZ) 2011
Page 3
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Provide the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Complete this part to provide additional information for responses to quuestion on Schedule G (see instructions.)
Identifier ReturnReference Explanation
Schedule G (Form 990 or 990-EZ) 2011
Additional Data


Software ID:  
Software Version:  
SCHEDULE H (Form 990)
Department of the Treasury
Internal Revenue Service
Hospitals
MediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, question 20.
MediumBullet Attach to Form 990. MediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Part I
Charity Care and Certain Other Community Benefits at Cost
Yes
No
1a
Did the organization have a financial assistance policy during the tax year? If "No," skip to question 6a....
1a
Yes
 
b
If "Yes," was it a written policy? .......................
1b
Yes
 
2
If the organization had multiple hospital facilities, indicate which of the following best describes application of the financial assistance policy to its various hospital facilities during the tax year.
3
Answer the following based on the financial assistance eligibility criteria that applied to the largest number of the organization's patients during the tax year.
a
Did the organization use Federal Poverty Guidelines (FPG) to determine eligibility for providing free care?
If "Yes," indicate which of the following was the FPG family income limit for eligibility for free care:
3a
Yes
 
b
Did the organization use FPG to determine eligibility for providing discounted care? If "Yes," indicate which of the
following was the family income limit for eligibility for discounted care: ............
3b
Yes
 
c
If the organization did not use FPG to determine eligibility, describe in Part VI the income based criteria for determining eligibility for free or discounted care. Include in the description whether the organization used an asset test or other threshold, regardless of income, to determine eligibility for free or discounted care.
4
Did the organization's financial assistance policy that applied to the largest number of its patients during the tax year provide for free or discounted care to the "medically indigent"? ..............

4

Yes

 
5a
Did the organization budget amounts for free or discounted care provided under its financial assistance policy during the tax year? ............................

5a

 

No
b
If "Yes," did the organization's financial assistance expenses exceed the budgeted amount?......
5b
 
 
c
If "Yes" to line 5b, as a result of budget considerations, was the organization unable to provide free or discountedcare to a patient who was eligibile for free or discounted care?...............
5c
 
 
6a
Did the organization prepare a community benefit report during the tax year?...........
6a
Yes
 
b
If "Yes," did the organization make it available to the public? ...............
6b
Yes
 
Complete the following table using the worksheets provided in the Schedule H instructions. Do not submit these worksheets with the Schedule H.
7
Financial Assistance and Certain Other Community Benefits at Cost
Financial Assistance
and Means-Tested Government Programs		 (a) Number of activities or programs (optional) (b) Persons served (optional) (c) Total community benefit expense (d) Direct offsetting revenue (e) Net community benefit expense (f) Percent of total expense
a Financial Assistance at cost
(from Worksheet 1) .. 		    5,165,045 0 5,165,045 0.110 %
b Medicaid (from Worksheet 3, column a) .....     288,765,158 227,722,853 61,042,305 1.270 %
c Costs of other means-tested government programs (from Worksheet 3, column b) .     0 0 0 0 %
dTotal Financial Assistance and
Means-Tested Government Programs ..... 		    293,930,203 227,722,853 66,207,350 1.380 %
Other Benefits
e Community health improvement
services and community
benefit operations (from
(Worksheet 4) .... 		    0 0 0 0 %
f Health professions education
(from Worksheet 5) .. 		    119,972,646 45,903,355 74,069,291 1.540 %
g Subsidized health services
(from Worksheet 6) .. 		    0 0 0 0 %
h Research (from Worksheet 7)     624,488,447 4,927,613 619,560,834 12.870 %
i Cash and in-kind contributions for community benefit (from Worksheet 8) ....     0 0 0 0 %
jTotal Other Benefits ...     744,461,093 50,830,968 693,630,125 14.410 %
kTotal. Add lines 7d and 7j. ..     1,038,391,296 278,553,821 759,837,475 15.790 %
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 50192T Schedule H (Form 990) 2011
Schedule H (Form 990) 2011
Page
Part II
Community Building Activities Complete this table if the organization conducted any community building activities during the tax year, and describe in Part VI how its community building activities promoted the health of the communities it serves.
(a) Number of activities or programs (optional) (b) Persons served (optional) (c) Total community building expense (d) Direct offsetting
revenue 		(e) Net community building expense (f) Percent of total expense
1 Physical improvements and housing            
2 Economic development            
3 Community support            
4 Environmental improvements            
5 Leadership development and training for community members            
6 Coalition building            
7 Community health improvement advocacy            
8 Workforce development            
9 Other            
10 Total            
Part III
Bad Debt, Medicare, & Collection Practices
Section A. Bad Debt Expense
Yes
No
1
Did the organization report bad debt expense in accordance with Heathcare Financial Management Association Statement No. 15? ..........................
1
Yes
 
2
Enter the amount of the organization's bad debt expense........
2
111,661,542
3
Enter the estimated amount of the organization's bad debt expense attributable to patients eligible under the organization's financial assistance policy .....
3
58,337,427
4
Provide in Part VI the text of the footnote to the organization's financial statements that describes bad debt expense. In addition, describe the costing methodology used in determining the amounts reported on lines 2 and 3, and rationale for including a portion of bad debt amounts as community benefit.
Section B. Medicare
5
Enter total revenue received from Medicare (including DSH and IME).....
5
374,560,985
6
Enter Medicare allowable costs of care relating to payments on line 5.....
6
391,709,969
7
Subtract line 6 from line 5. This is the surplus or (shortfall)........
7
-17,148,984
8
Describe in Part VI the extent to which any shortfall reported in line 7 should be treated as community benefit.Also describe in Part VI the costing methodology or source used to determine the amount reported on line 6.Check the box that describes the method used:
Section C. Collection Practices
9a
Did the organization have a written debt collection policy during the tax year? ..........
9a
Yes
 
b
If "Yes," did the organization’s collection policy that applied to the largest number of its patients during the tax year contain provisions on the collection practices to be followed for patients who are known to qualify for financial assistance? Describe in Part VI.......................

9b

Yes

 
Part IV
Management Companies and Joint Ventures
(see instructions)
(a) Name of entity (b) Description of primary
activity of entity 		(c) Organization's
profit % or stock
ownership % 		(d) Officers, directors,
trustees, or key
employees' profit %
or stock ownership% 		(e) Physicians'
profit % or stock
ownership %
1
2
3
4
5
6
7
8
9
10
11
12
13
Schedule H (Form 990) 2011
Schedule H (Form 990) 2011
Page
Part VFacility Information
Section A. Hospital Facilities
(list in order of size from largest to smallest)
How many hospital facilities did the organization operate during the tax year?1
Name and address 		Licensed Hospital General-Medical-Surgical Children's Hospital Teaching Hospital Critical Hospital Research Facility ER-24Hours ER-Other Other (Describe)
1 THE HOSPITAL OF THE UNIVERSITY OF PENN
3400 SPRUCE STREET
PHILADELPHIA,PA19104 		X X   X X X X    
Schedule H (Form 990) 2011
Schedule H (Form 990) 2011
Page
Part VFacility Information (continued)

Section B. Facility Policies and Practices.

(Complete a separate Section B for each of the hospital facilities listed in Part V, Section A)
THE HOSPITAL OF THE UNIVERSITY OF PENN
Name of Hospital Facility:  
Line Number of Hospital Facility (from Schedule H, Part V, Section A):1

Yes No
Community Health Needs Assessment (Lines 1 through 7 are optional for 2011)
1 During the tax year or any prior tax year, did the hospital facility conduct a community health needs assessment (“Needs Assessment”)? If “No,” skip to question 8. ..................... 1    
If “Yes,” indicate what the Needs Assessment describes (check all that apply):
a A definition of the community served by the hospital facility
b Demographics of the community
c Existing health care facilities and resources within the community that are available to respond to the health needs of the community
d How data was obtained
e The health needs of the community
f Primary and chronic disease needs and other health issues of uninsured persons, low-income persons, and minority groups
g The process for identifying and prioritizing community health needs and services to meet the community health needs
h The process for consulting with persons representing the community’s interests
i Information gaps that limit the hospital facility’s ability to assess the community’s health needs
j Other (describe in Part VI)
2 Indicate the tax year the hospital facility last conducted a Needs Assessment: 20  
3 In conducting its most recent Needs Assessment, did the hospital facility take into account input from persons who represent the community served by the hospital facility? If “Yes,” describe in Part VI how the hospital facility took into account input from persons who represent the community, and identify the persons the hospital facility consulted. 3    
4 Was the hospital facility’s Needs Assessment conducted with one or more other hospital facilities? If “Yes,” list the other hospital facilities in Part VI............................ 4    
5 Did the hospital facility make its Needs Assessment widely available to the public? ........... 5    
If “Yes,” indicate how the Needs Assessment was made widely available (check all that apply):
a Hospital facility’s website
b Available upon request from the hospital facility
c Other (describe in Part VI)
6 If the hospital facility addressed needs identified in its most recently conducted Needs Assessment, indicate how (check all that apply):
a Adoption of an implementation strategy to address the health needs of the hospital facility’s community
b Execution of the implementation strategy
c Participation in the development of a community-wide community benefit plan
d Participation in the execution of a community-wide community benefit plan
e Inclusion of a community benefit section in operational plans
f Adoption of a budget for provision of services that address the needs identified in the Needs Assessment
g Prioritization of health needs in the community
h Prioritization of services that the hospital facility will undertake to meet health needs in its community
i Other (describe in Part VI)
7 Did the hospital facility address all of the needs identified in its most recently conducted Needs Assessment? If “No,” explain in Part VI which needs it has not addressed and the reasons why it has not addressed such needs. .... 7    
Financial Assistance Policy
Did the hospital facility have in place during the tax year a written financial assistance policy that:
8 Explained eligibility criteria for financial assistance, and whether such assistance includes free or discounted care? 8 Yes  
9 Used federal poverty guidelines (FPG) to determine eligibility for providing free care?........... 9 Yes  
If "Yes," indicate the FPG family income limit for eligibility for free care: 200.%
If "No," explain in Part VI the criteria the hospital facility used.
Schedule H (Form 990) 2011
Schedule H (Form 990) 2011
Page
Part VFacility Information (continued)

Yes No
10 Used FPG to determine eligibility for providing discounted care?................. 10 Yes  
If “Yes,” indicate the FPG family income limit for eligibility for discounted care: 200.%
If "No," explain in Part VI the criteria the hospital facility used.
11 Explained the basis for calculating amounts charged to patients?................. 11 Yes  
If “Yes,” indicate the factors used in determining such amounts (check all that apply):
a Income level
b Asset level
c Medical indigency
d Insurance status
e Uninsured discount
f Medicaid/Medicare
g State regulation
h Other (describe in Part VI)
12 Explained the method for applying for financial assistance?................... 12 Yes  
13 Included measures to publicize the policy within the community served by the hospital facility?....... 13 Yes  
If “Yes,” indicate how the hospital facility publicized the policy (check all that apply):
a The policy was posted on the hospital facility’s web site
b The policy was attached to all billing invoices
c The policy was posted in the hospital facility’s emergency rooms or waiting rooms
d The policy was posted in the hospital facility’s admissions offices
e The policy was provided, in writing, to patients upon admission to the hospital facility
f The policy was available upon request
g Other (describe in Part VI)
Billing and Collections
14 Did the hospital facility have in place during the tax year a separate billing and collections policy, or a written financial assistance policy (FAP) that explained actions the hospital facility may take upon non-payment?....... 14 Yes  
15 Check all of the following collection actions against an individual that were permitted under the hospital facility's policies during the tax year before making reasonable efforts to determine the patient’s eligibility under the facility’s FAP:
a Reporting to credit agency
b Lawsuits
c Liens on residences
d Body attachments
e Other similar actions (describe in Part VI)
16 Did the hospital facility or an authorized third party perform any of the following actions during the tax year before making reasonable efforts to determine the patient’s eligibility under the facility’s FAP?.......... 16   No
If “Yes,” check all actions in which the hospital facility or a third party engaged:
a Reporting to credit agency
b Lawsuits
c Liens on residences
d Body attachments
e Other similar actions (describe in Part VI)
17 Indicate which efforts the hospital facility made before initiating any of the actions checked in line 16 (check all that apply):
a Notified patients of the financial assistance policy upon admission
b Notified patients of the financial assistance policy prior to discharge
c Notified patients of the financial assistance policy in communications with the patients regarding the patients’ bills
d Documented its determination of whether patients were eligible for financial assistance under the hospital facility’s financial assistance policy
e Other (describe in Part VI)
Schedule H (Form 990) 2011
Schedule H (Form 990) 2011
Page
Part VFacility Information (continued)

Policy Relating to Emergency Medical Care
Yes No
18 Did the hospital facility have in place during the tax year a written policy relating to emergency medical care that requires the hospital facility to provide, without discrimination, care for emergency medical conditions to individuals regardless of their eligibility under the hospital facility’s financial assistance policy?.......... 18 Yes  
If “No,” indicate why:
a The hospital facility did not provide care for any emergency medical conditions
b The hospital facility’s policy was not in writing
c The hospital facility limited who was eligible to receive care for emergency medical conditions (describe in Part VI)
d Other (describe in Part VI)
Individuals Eligible for Financial Assistance
19 Indicate how the hospital facility determined, during the tax year, the maximum amounts that can be charged to FAP-eligible individuals for emergency or other medically necessary care.
a The hospital facility used its lowest negotiated commercial insurance rate when calculating the maximum amounts that can be charged
b The hospital facility used the average of it's three lowest negotiated commercial insurance rates when calculating the maximum amounts that can be charged
c The hospital facility used the Medicare rates when calculating the maximum amounts that can be charged
d Other (describe in Part VI)
20 Did the hospital facility charge any of its patients who were eligible for assistance under the hospital facility’s financial assistance policy, and to whom the hospital facility provided emergency or other medically necessary services, more than the amounts generally billed to individuals who had insurance covering such care?......... 20   No
If “Yes,” explain in Part VI.
21 Did the hospital facility charge any of its FAP-eligible patients an amount equal to the gross charge for any services provided to that patient?............................... 21   No
If “Yes,” explain in Part VI.
Schedule H (Form 990) 2011
Schedule H (Form 990) 2011
Page
Part VFacility Information (continued)

Section C. Other Health Care Facilities That Are Not Licensed, Registered, or Similarly Recognized as a Hospital Facility
(list in order of size, from largest to smallest)
How many non-hospital health care facilities did the organization operate during the tax year?16
Name and address Type of Facility (describe)
1 PERELMAN CENTER FOR ADVANCED MEDICINE
3400 CIVIC CENTER BOULEVARD
PHILADELPHIA,PA19104 		OUTPATIENT FACILITY
2 PENN MEDICINE AT RADNOR
250 KING OF PRUSSIA ROAD
BALA CYNWYD,PA19004 		OUTPATIENT FACILITY
3 PENN MEDICINE AT BUCKS COUNTY
777 TOWNSHIP LINE ROAD
YARDLEY,PA19067 		OUTPATIENT FACILITY
4 PENN MEDICINE AT VALLEY FORGE
1001 CHESTERBROOK BLVD
BERWYN,PA19312 		OUTPATIENT FACILITY
5 PENN MEDICINE AT WOODBURY HEIGHTS
1006 MANTUA PIKE
WOODBURY HEIGHTS,NJ08097 		OUTPATIENT FACILITY
6 PENN MEDICINE AT RITTENHOUSE
1800 LOMBARD STREET
PHILADELPHIA,PA19146 		INPATIENT REHABILITATION
7 ANATOMY CHEMISTRY
420 GUARDIAN DRIVE
PHILADEPHIA,PA19104 		RESEARCH FACILITY
8 BIOMEDICAL RESEARCH BUILDING 2
500 OSLER CIRCLE
PHILADELPHIA,PA19104 		RESEARCH FACILITY
9 BLOCKLEY HALL
423 GUARDIAN DRIVE
PHILADELPHIA,PA19104 		RESEARCH FACILITY
10 CAROLYN HOFF LYNCH BIOLOGY LAB
435 S UNIVERSITY AVENUE
PHILADELPHIA,PA19104 		RESEARCH FACILITY
11 CHEMISTRY LABORATORIES - 1958 WING
231 S 34TH STREET
PHILADELPHIA,PA19104 		RESEARCH FACILITY
12 CHESTNUT HALL
3900 CHESTNUT STREET
PHILADELPHIA,PA19104 		RESEARCH FACILITY
13 CLINICAL RESEARCH BUILDING
415 CURIE BLVD
PHILADELPHIA,PA19036 		RESEARCH FACILITY
14 GL LABORATORY BUILDING
500 S RIDGEWAY
GLENOLDEN,PA19036 		RESEARCH FACILITY
15 GODDARD LABORATORIES
3710 HAMILTON WALK
PHILADELPHIA,PA19104 		RESEARCH FACILITY
16 HAYDEN HALL
3320 SMITH WALK
PHILADELPHIA,PA19104 		RESEARCH FACILITY
Schedule H (Form 990) 2011
Schedule H (Form 990) 2011
Page
Part VI
Supplemental Information
Complete this part to provide the following information.
1 Required descriptions. Provide the descriptions required for Part I, lines 3c, 6a, and 7; Part II; Part III, lines 4, 8, and 9b; and Part V, Section B, lines 1j, 3, 4, 5c, 6i, 7, 9, 10, 11h, 13g, 15e, 16e, 17e, 18d, 19d, 20, and 21.
2 Needs assessment. Describe how the organization assesses the health care needs of the communities it serves, in addition to any needs assessments reported in Part V, Section B.
3 Patient education of eligibility for assistance. Describe how the organization informs and educates patients and persons who may be billed for patient care about their eligibility for assistance under federal, state, or local government programs or under the organization’s financial assistance policy.
4 Community information. Describe the community the organization serves, taking into account the geographic area and demographic constituents it serves.
5 Promotion of community health. Provide any other information important to describing how the organization’s hospital facilities or other health care facilities further its exempt purpose by promoting the health of the community (e.g., open medical staff, community board, use of surplus funds, etc.).
6 Affiliated health care system. If the organization is part of an affiliated health care system, describe the respective roles of the organization and its affiliates in promoting the health of the communities served.
7 State filing of community benefit report. If applicable, identify all states with which the organization, or a related organization, files a community benefit report.
Identifier ReturnReference Explanation
SUPPLEMENTAL DISCLOSURES   PART I, LINES 3C, 6A N/A BAD DEBT EXPENSE, COSTING METHODOLOGY USED PART I, LINE 7 THE BAD DEBT EXPENSE AMOUNT INCLUDED ON FORM 990, PART IX, COLUMN 25(A) WAS $116,611,000 FOR THE YEAR ENDED JUNE 30, 2012. THIS AMOUNT HAS BEEN SUBTRACTED FOR PURPOSES OF CALCULATING THE PERCENTAGES REPORTED ON THE SCHEDULE H, PART I, LINE 7 TABLE. THE COSTING METHODOLOGY USED IN CALCULATING THE AMOUNTS REPORTED ON THE LINE 7 TABLE ARE BASED ON A COST TO CHARGE RATIO. THE COST TO CHARGE RATIO WAS DERIVED FROM WORKSHEET 2.
COMMUNITY BUILDING ACTIVITIES PART II AT THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS"), WORKING FOR THE BENEFIT OF THE COMMUNITY IS NOT ONLY A PRIORITY; IT IS ROOTED DEEP IN OUR CULTURE. ALONG WITH OUR ROLE AS A LEADER IN MEDICAL CARE AND RESEARCH, WE HAVE CULTIVATED A STRONG AFFINITY WITH THE NEIGHBORHOODS WE SERVE - BECOMING INCREASINGLY RESPONSIVE IN IDENTIFYING NEEDS AND BEING PROACTIVE IN FINDING SOLUTIONS. WE ARE SENSITIVE TO THE DISPARITY IN THE QUALITY OF HEALTH AND HEALTH CARE AMONG THE PEOPLE OF THE PHILADELPHIA AREA. IN NEIGHBORHOODS THROUGHOUT THE CITY, MANY RESIDENTS- OFTEN THE VERY YOUNG OR THE VERY OLD- DO NOT HAVE ACCESS TO ADEQUATE CARE. THE QUALITY OF THEIR LIVES IS DIMINISHED BECAUSE THEY ARE UNABLE TO RECEIVE THE SERVICES AND SUPPORT THEY NEED. AWARE OF THESE BARRIERS TO HEALTH CARE FACED BY OUR COMMUNITIES, WE USE OUR RESOURCES TO IMPROVE THE HEALTH AND WELLNESS AMONG THE UNDERSERVED. OUR MORAL IMPERATIVE IS TO LOOK, LISTEN, AND ACT - IN WAYS THAT WILL MAKE A DIFFERENCE. IN COLLABORATION WITH OUR PHYSICIANS, NURSES, STUDENTS AND COMMUNITY PARTNERS, WE TAKE ACTION TO ENHANCE THE WELL-BEING OF THE NEIGHBORHOODS WE ALL SHARE. OUR OUTREACH EXTENDS IN MANY DIRECTIONS AND IS DISPLAYED IN MANY WAYS. A LISTING OF SOME OF THE VARIOUS HEALTHCARE-RELATED COMMUNITY OUTREACH ACTIVITIES CONDUCTED BY UPHS IS INCLUDED IN RESPONSE TO QUESTION 5 BELOW. IN ADDITION TO DIRECT HEALTH-CARE RELATED ACTIVITIES, THE UNIVERSITY ALSO PROMOTES THE HEALTH OF ITS COMMUNITY BY PROVING A DIRECT ECONOMIC IMPACT TO ITS SURROUNDING AREA. UNIVERSITY CITY, THE AREA OF WEST PHILADELPHIA THAT HOSTS PENN'S CAMPUS, IS A NEIGHBORHOOD OF CHOICE FOR FAMILIES, STUDENTS, FACULTY, STAFF AND VISITORS AND A THRIVING LOCATION FOR RETAILERS, RESTAURATEURS, HOTELS, OFFICE-BASED BUSINESSES AND OTHERS. PENN'S STRATEGIC NEIGHBORHOOD INVESTMENTS AND COMMUNITY PARTNERSHIPS ARE A RECOGNIZED NATIONAL AND GLOBAL MODEL FOR URBAN CAMPUSES. PENN CONTRIBUTES TO THE STABILITY OF THE REGION IN A NUMBER OF VITAL WAYS, INCLUDING CREATING NEW JOBS AND ATTRACTING NEW BUSINESSES TO THE AREA. EACH YEAR, PENN REPORTS MORE THAN $6.5 BILLION IN ECONOMIC IMPACT ON THE COMMONWEALTH OF PENNSYLVANIA, INCLUDING: - $2.83 BILLION IN LOCAL WAGES AND THE PURCHASE OF GOODS AND SERVICES. - $3.67 BILLION IN ECONOMIC ACTIVITY GENERATED BY OTHER ORGANIZATIONS AND BUSINESSES SUPPORTED BY PENN. PENN DELIVERED TOTAL ECONOMIC BENEFITS OF MORE THAN $3.7 BILLION TO THE ECONOMY OF PHILADELPHIA AND MORE THAN $1 BILLION TO THE ECONOMY OF NEW JERSEY DURING THE YEAR. IN ADDITION, PENN PURCHASED APPROXIMATELY $100 MILLION WORTH OF GOODS AND SERVICES FROM SMALL BUSINESSES LOCATED IN WEST PHILADELPHIA. PENN INVESTS APPROXIMATELY $2 MILLION ANNUALLY IN THE UNIVERSITY CITY DISTRICT, A MUNICIPAL SPECIAL-SERVICES ORGANIZATION THAT PROVIDES SUPPLEMENTAL PUBLIC SAFETY AND STREETSCAPE MAINTENANCE FOR THE COMMUNITY. PENN PROVIDED $117.8 MILLION IN STUDENT AID TO PHILADELPHIA RESIDENTS ENROLLED AT PENN DURING THE 2011-2012 SCHOOL YEAR, INCLUDING $38.4 MILLION IN STUDENT AID TO STUDENTS FROM THE WEST PHILADELPHIA AREA. PENN SUPPORTS PUBLIC EDUCATION IN WEST PHILADELPHIA BY CONTRIBUTING APPROXIMATELY $800,000 ANNUALLY TO THE SADIE TANNER MOSLEY ALEXANDER ELEMENTARY SCHOOL; INVOLVE 1,714 PENN STUDENTS IN ACADEMIC BASED COMMUNITY SERVICE THROUGH 59 INDIVIDUAL COURSES FOCUSED ON LOCAL ENGAGEMENT; AND 600 PENN STUDENTS VOLUNTEERING AS TUTORS ANNUALLY TO STUDENTS IN LOCAL SCHOOLS. PENN SUPPORTS A HEALTHY COMMUNITY BY PROVIDING APPROXIMATELY 36,000 HOURS OF VOLUNTEER SERVICES BY THE SCHOOL OF DENTAL MEDICINE, WHO SERVE APPROX. 8,000 LOCAL CHILDREN WITH FREE DENTAL CARE; THE AGASTON URBAN NUTRITION INITIATIVE PROVIDES NUTRITIONAL EDUCATION THAT REACH 10,000 LOCAL PUBLIC SCHOOL STUDENTS ACROSS 20 WEST PHILADELPHIA PUBLIC SCHOOLS THROUGH PROGRAMS IN GARDENING AND PREPARING MEALS. PENN SUPPORTS PRO BONO SOCIAL SERVICES TO PHILADELPHIA RESIDENTS, ORGANIZATIONS AND SMALL BUSINESSES THROUGH THE PENN LAW SCHOOLS STUDENT VOLUNTEERS WHO EACH MUST SPEND 70 HOURS OF FREE LEGAL COUNSEL PRIOR TO GRADUATION, AND STUDENTS FROM THE SCHOOL OF SOCIAL POLICY WHO COLLECTIVELY SPEND 250,000 HOURS PER YEAR IN COMMUNITY AND CLINICAL PRACTICE, AND RESEARCH.
BAD DEBT EXPENSE PART III, SECTION A, LINE 4 UPHS ACCEPTS PATIENTS IN SERIOUS NEED OF PROFESSIONAL MEDICAL CARE, INDEPENDENT OF THEIR FINANCIAL STATUS. THIS DEFINITION INCLUDES THOSE PATIENTS SUFFERING FROM A MEDICAL CONDITION MANIFESTING ITSELF BY ACUTE SYMPTOMS OF SUFFICIENT SEVERITY (INCLUDING SEVERE PAIN) SUCH THAT THE ABSENCE OF IMMEDIATE MEDICAL ATTENTION COULD REASONABLY BE EXPECTED TO RESULT IN (1) PLACING THE HEALTH OF THE INDIVIDUAL (OR, WITH RESPECT TO A PREGNANT WOMAN, THE HEALTH OF THE WOMAN OR HER UNBORN CHILD) IN SERIOUS JEOPARDY, OR (2) SERIOUS IMPAIRMENT TO BODILY FUNCTIONS. ACCORDINGLY, UPHS MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE THEY PROVIDE. THESE RECORDS INCLUDE THE AMOUNT OF PAYMENT FOREGONE, BASED ON ESTABLISHED RATES, FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY. BECAUSE UPHS DOES NOT PURSUE COLLECTIONS, SUCH AMOUNTS HAVE BEEN EXCLUDED FROM NET PATIENT SERVICE REVENUE. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY. UPHS PURSUES COLLECTION OF THESE AMOUNTS, HOWEVER CERTAIN AMOUNTS ARE DEEMED TO BE UNCOLLECTIBLE. THESE AMOUNTS ARE CLASSIFIED IN THE PROVISION FOR BAD DEBTS IN THE ACCOMPANYING COMBINED STATEMENTS OF OPERATIONS. THE COSTING METHODOLOGY FOR DETERMINING BAD DEBT EXPENSE WAS BASED ON ACTUAL CHARGES WRITTEN OFF AS BAD DEBTS DURING THE YEAR.
COSTING METHODOLOGY, MEDICARE SHORTFALL PART III, SECTION B, LINE 8 THE COSTING METHODOLOGY USED IN DETERMINING THE AMOUNT REPORTED ON LINE 6 IS BASED ON A COST TO CHARGE RATIO. CONSISTENT WITH THE CHARTIABLE HEALTHCARE MISSION OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM'S ("UPHS") AND THE COMMUNITY BENEFIT STANDARD SET FORTH IN IRS REVENUE RULING 69-545, UPHS PROVIDES CARE FOR ALL PATIENTS COVERED BY MEDICARE SEEKING MEDICAL CARE AT UPHS. SUCH CARE IS PROVIDED REGARDLESS OF WHETHER THE REIMBURSEMENT PROVIDED FOR SUCH SERVICES MEETS OR EXCEEDS THE COSTS INCURRED BY UPHS TO PROVIDE SUCH SERVICES. AS A RESULT, UPHS VIEWS ANY SHORTFALL REPORTED IN LINE 7 AS AN ADDITIONAL ITEM OF COMMUNITY BENEFIT PROVIDED BY THE ORGANIZATION.
COLLECTION PRACTICES PART III, LINE 9B THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM PROVIDES URGENT/EMERGENT MEDICAL SERVICES WITHOUT REGARD TO ABILITY TO PAY. WHEN IT HAS BEEN DETERMINED THAT A PATIENT IS NOT ELIGIBLE FOR COVERAGE BY EXTERNAL SOURCES OF FUNDING, FINANCIAL ASSISTANCE MAY BE AVAILABLE FOR BOTH THE UNINSURED AND UNDERINSURED, THE INDIGENT, HARDSHIP AND MEDICALLY INDIGENT AND MAY BE APPROVED AS EITHER FULL OR PARTIAL FREE CARE. PATIENTS WHO DO NOT COOPERATE WITH THE FINANCIAL COUNSELING PROCESS OR WHOSE APPLICATION FOR FINANCIAL ASSISTANCE IS DENIED BY THE HEALTH SYSTEM MAY BE PURSUED BY COLLECTION EFFORTS, INCLUDING REFERRAL TO AN OUTSIDE COLLECTION AGENCY OR ATTORNEY AS DETERMINED BY OUR PATIENT ACCOUNTING DEPARTMENT.
NEEDS ASSESSMENT PART VI, LINE 2 THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM'S ("UPHS") MISSION IS TO PROVIDE THE MOST ADVANCED AND HIGHEST QUALITY PATIENT CARE POSSIBLE; TO PROVIDE A RICH AND DIVERSE EDUCATIONAL ENVIRONMENT FOR STUDENTS AND TRAINEES; AND TO SUPPORT CLINICAL RESEARCH THAT PUSHES THE BOUNDARIES OF CURRENT HUMAN KNOWLEDGE. TO THESE ENDS, UPHS IS AN ACTIVE PARTICIPANT IN THE WEST PHILADELPHIA NEIGHBORHOOD THAT IS OUR HOME. ON ANY GIVEN DAY, UPHS PHYSICIANS, NURSES, MEDICAL STUDENTS AND VOLUNTEERS ARE OUT IN THE COMMUNITY SHARING THEIR SKILLS, THEIR TALENTS AND MOST IMPORTANTLY, THEMSELVES FOR THE BETTERMENT OF THE COMMUNITY. - HOW THE HEALTH SYSTEM IDENTIFIES AND TAKES ACTION TO ADDRESS RACIAL, ETHNIC, AND GENDER DISPARITIES IN MEDICAL CARE EVERY DAY IN OUR NEIGHBORHOOD CLINICS, IN OUR EMERGENCY ROOM AND PHYSICIANS' OFFICES WE SEE THE EFFECTS OF RACIAL, ETHNIC AND GENDER DISPARITIES IN HEALTH CARE. IN KEEPING WITH OUR CHARITABLE PURPOSE, UPHS ACCEPTS PATIENTS IN NEED OF URGENT MEDICAL CARE REGARDLESS OF THEIR FINANCIAL STATUS OR ANY OTHER SOCIO-ECONOMIC FACTORS. AS THE MAIN PROVIDER IN A SERVICE AREA THAT INCLUDES A NUMBER OF ECONOMICALLY-CHALLENGED NEIGHBORHOODS, UPHS PROVIDES CARE TO MANY PATIENTS WHO DO NOT HAVE HEALTH INSURANCE PROVIDING MORE THAN $100 MILLION IN CHARITY AND UNDERFUNDED CARE IN FY12. IN PARTNERSHIP WITH COMMUNITY-BASED ORGANIZATIONS AND OTHER AREA INSTITUTIONS, UPHS SEEKS TO IDENTIFY AND ADDRESS RACIAL, ETHNIC AND GENDER DISPARITIES THROUGH SUPPORT FOR PROGRAMS INCLUDING, BUT NOT LIMITED TO: > PUENTES DE SALUD - A WEEKLY FREE CLINIC THAT SEEKS TO ADDRESS THE HEALTH NEEDS OF THE GROWING LATINO POPULATION BY PROVIDING LOW-COST CARE TO MORE THAN 800 PATIENTS ANNUALLY. > THE UNITY CLINIC - A FREE CLINIC THAT PROVIDES PRIMARY CARE SERVICES TO LOW-INCOME ASIAN IMMIGRANTS IN PHILADELPHIA. > WOMEN AND CHILDREN'S HEALTH SERVICES - AN AMBULATORY CARE FACILITY THAT SPECIALIZES IN THE PROVISION OF OBSTETRICAL, FAMILY PLANNING AND SOCIAL SERVICES THROUGH FREE AND LOW COST PROGRAMS THAT EXTEND WELL BEYOND TRADITIONAL MEDICAL CARE. - HOW THE HEALTH SYSTEM ASSESSES COMMUNITY HEALTH STATUS UPHS PROVIDES VARIOUS COMMUNITY SERVICES WHICH, IN CONJUNCTION WITH PROVIDING PATIENT CARE AND EDUCATIONAL INFORMATION, HELP US ASSESS THE HEALTH STATUS OF OUR COMMUNITY. SOME OF OUR MOST SUCCESSFUL INITIATIVES RESULT FROM APPLYING THE COLLECTIVE RESOURCES OF COMMUNITY RESIDENTS AND ORGANIZATIONS, HEALTH CARE PROFESSIONALS, AND PUBLIC HEALTH AGENCIES WITH THE GOAL OF IDENTIFYING AND ADDRESSING A COMMUNITY PROBLEM. THIS IS ACCOMPLISHED IN MANY WAYS, SUCH AS: FORMAL HEALTH ASSESSMENTS THAT INDIVIDUAL PROGRAMS MAY PERFORM, OPEN DIALOGUE WITH COMMUNITY LEADERS THROUGH PARTICIPATION IN COMMUNITY MEETINGS, OR BY ASSESSING COMMUNITY HEALTH STATUS IN THE WORK WE PERFORM OUT IN THE COMMUNITY. - HOW THE HEALTH SYSTEM COLLABORATES WITH COMMUNITY STAKEHOLDERS, INCLUDING OTHER INSTITUTIONAL PROVIDERS, TO IDENTIFY SPECIFIC COMMUNITY HEALTH NEEDS AND TO DEVELOP AND MEASURE EFFECTIVENESS OF PROGRAMS TO HELP MEET THOSE NEEDS COLLABORATION WITH COMMUNITY STAKEHOLDERS AND OTHER INSTITUTIONAL PROVIDERS IS A PARTICULARLY STRONG AREA FOR UPHS. WORKING IN CONJUNCTION WITH COMMUNITY-BASED NON-PROFIT ORGANIZATIONS, CITY AGENCIES AND OTHER COMMUNITY STAKEHOLDERS, UPHS SEEKS TO IDENTIFY AND ADDRESS COMMUNITY HEALTH NEEDS THROUGH PROGRAMS AND SERVICES, SUCH AS: > SAYRE HEALTH CENTER - RECOGNIZING A NEED FOR PRIMARY CARE SERVICES IN THE NEIGHBORHOOD, PENN JOINED FORCES WITH THE SCHOOL DISTRICT OF PHILADELPHIA TO BRING A STATE-OF-THE-ART HEALTH CARE FACILITY TO SAYRE HIGH SCHOOL IN WEST PHILADELPHIA. IN ADDITION TO PROVIDING PRIMARY CARE SERVICES TO THE COMMUNITY, UPHS FACULTY WORK IN PARTNERSHIP WITH SAYRE STUDENTS TO TEACH BASIC MEDICAL SERVICES THAT ONE DAY COULD LEAD TO A CAREER IN THE MEDICAL PROFESSION. > BRIDGING THE GAPS - A PARTNERSHIP OF THE AREA'S FIVE ACADEMIC HEALTH CENTERS, BRIDGING THE GAPS (BTG) LINKS THE TRAINING OF HEALTH PROFESSIONALS WITH THE PROVISION OF CARE TO ECONOMICALLY DISADVANTAGED POPULATIONS. LED BY UPHS PHYSICIANS AND STAFF, BTG GIVES MEDICAL STUDENTS THE OPPORTUNITY TO GAIN FIRST-HAND INSIGHT INTO THE COMPLEX ISSUES AFFECTING UNDERSERVED URBAN COMMUNITIES. IN ADDITION TO THE PROGRAMS OUTLINES ABOVE, UPHS PHYSICIANS AND STAFF PROVIDE EDUCATIONAL PROGRAMS IN CONJUNCTION WITH AREA HIGH SCHOOLS AND VOLUNTEER THEIR EXPERTISE TO NUMEROUS PUBLIC HEALTH COMMITTEES AND AGENCIES AT THE COMMUNITY, STATE AND NATIONAL LEVEL. - HOW THE HEALTH SYSTEM REGULARLY REPORTS TO THE COMMUNITY ON THE ORGANIZATION'S QUALITY PERFORMANCE FOR THE FULL RANGE OF SERVICES IT PROVIDES SINCE 2007, UPHS HAS PUBLISHED AN ANNUAL COMMUNITY BENEFIT REPORT, "SIMPLY BECAUSE", WHICH HIGHLIGHTS SOME OF THE EXTENSIVE WORK UPHS PERFORMS IN THE COMMUNITY. THIS WIDELY DISTRIBUTED REPORT INCLUDES EXAMPLES OF OUR COMMUNITY EFFORTS AS WELL AS STATISTICS RELATED TO THE COMMUNITY BENEFIT WE PROVIDE. ADDITIONALLY, THIS YEAR UPHS IMPLEMENTED OUR "PENN MEDICINE CARES" (COMMUNITY ACTIVITY REPORTING E-INITIATIVE) PROGRAM. WHILE THE SIMPLY BECAUSE REPORT PROVIDES US A BRIEF GLIMPSE INTO ALL THE GOOD WORK UPHS PERSONNEL ARE INVOLVED IN, IT REPRESENTS ONLY A FRACTION OF THE TOTAL COMMUNITY SERVICE WORK THAT OCCURS. WE DEVELOPED THIS REPORTING PROGRAM TO ENCOURAGE OUR EMPLOYEES TO REPORT ALL OF THE COMMUNITY SERVICES THEY PROVIDE SO THAT WE CAN BETTER TRACK COMMUNITY OUTREACH, ENCOURAGE MORE VOLUNTEERISM AND BETTER TARGET OUR EFFORTS TO MEET THE GREATEST COMMUNITY NEEDS. - WHETHER AND HOW UPHS IS ADDRESSING THE PER CAPITA COST OF CARE IN THE COMMUNITY UPHS SUPPORTS EFFORTS TO PROVIDE FREE AND LOW-COST CARE TO THE COMMUNITY THROUGH PARTNERSHIPS WITH BOTH PENN-RELATED AND NON-RELATED PROGRAMS. UPHS PHYSICIANS AND STAFF WORK IN HEALTH CLINICS THROUGHOUT PHILADELPHIA THAT PROVIDE THESE MUCH-NEEDED SERVICES THAT ALSO ADDRESSES THE PER CAPITA COST OF HEALTH CARE IN THE COMMUNITY. IN ADDITION, UPHS HAS A SPECIALTY CARE CONTRACT WITH THE CITY OF PHILADELPHIA THAT ALLOWS PHYSICIANS FROM THE CITY'S DISTRICT HEALTH CENTERS TO REFER PATIENTS INTO THE SYSTEM FOR APPOINTMENTS IN SPECIALTIES SUCH AS CARDIOLOGY, NEUROLOGY AND DERMATOLOGY. THESE SERVICES ARE PROVIDED TO THE CITY AT A SIGNIFICANTLY REDUCED COST - GIVING UNINSURED AND UNDERINSURED PATIENTS ACCESS TO CARE THEY MIGHT NOT OTHERWISE RECEIVE WHILE KEEPING DOWN THE PER CAPITA COST FOR THE CITY AND RESIDENTS OF THE COMMUNITY. AT UPHS, WORKING FOR THE BENEFIT OF THE COMMUNITY IS NOT ONLY A PRIORITY; IT IS ROOTED DEEP IN OUR CULTURE. ALONG WITH OUR ROLE AS A LEADER IN MEDICAL CARE AND RESEARCH, UPHS HAS CULTIVATED A STRONG AFFINITY WITH THE NEIGHBORHOODS WE SERVE- BECOMING INCREASINGLY RESPONSIVE IN IDENTIFYING NEEDS AND PROACTIVE IN FINDING SOLUTIONS. IN ADDITION TO OUR OWN INTERNAL EFFORTS, UPHS ALSO COLLABORATES WITH VARIOUS PUBLIC AND PRIVATE AGENCIES TO HELP DETERMINE COMMUNITY HEALTH NEEDS AND HOW BEST TO ADDRESS THEM. THE SUCCESS OF COMMUNITY OUTREACH REQUIRES A STRONG FOCUS ON SOLUTIONS. AT UPHS, WE CONTINUALLY FIND WAYS TO EXPAND AND STRENGTHEN THE SAFETY NET THAT HELPS ENSURE THE WELL-BEING OF THE COMMUNITIES WE SERVE. IN THAT REGARD, ONE OF OUR MAJOR RESPONSIBILITIES IS TO SHARE KNOWLEDGE. WORKING TOGETHER WITH COMMUNITY PARTNERS ENABLES US TO ACCOMPLISH MORE THAN ANY ONE PERSON COULD INDIVIDUALLY.
INFORMATION REGARDING PATIENT EDUCATION OF ELIGIBILITY FOR ASSISTANCE PART VI, LINE 3 THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS") IS COMMITTED TO CARING FOR ALL PATIENTS EQUITABLY, WITH DIGNITY, RESPECT AND COMPASSION WITHOUT REGARD TO AGE, RACE, COLOR, NATIONAL ORIGIN, RELIGIOUS CREED, SEX, PHYSICAL OR MENTAL DISABILITY, MARITAL STATUS OR SEXUAL PREFERENCE. AS PART OF THIS COMMITMENT, PENN MEDICINE OFFERS FINANCIAL COUNSELING AND ASSISTANCE PROGRAMS TO UNINSURED AND UNDERINSURED PATIENTS TO ASSIST THOSE WHO CANNOT PAY FOR ALL OR PART OF THEIR CARE. PATIENTS WILL BE CONSIDERED FOR FINANCIAL ASSISTANCE ON AN INDIVIDUAL BASIS, TAKING INTO CONSIDERATION TOTAL HOUSEHOLD INCOME AND OTHER RESOURCES. PENN MEDICINE WILL ALSO CONSIDER OTHER FACTORS IN THE PATIENT/FAMILY FINANCIAL SITUATION, SHOULD THERE BE OTHER CRITICAL EXPENSES, NOT RELATED TO THE PATIENT'S MEDICAL CARE, THAT MAKE PAYMENT OF THE FINANCIAL OBLIGATION IMPOSSIBLE, SUCH AS CARING FOR A DISABLED FAMILY MEMBER. UNINSURED OR UNDERINSURED PERSONS MAY APPLY FOR FINANCIAL ASSISTANCE AT ANY TIME DURING TREATMENT OR WHEN REQUEST FOR PAYMENT IS MADE. UPHS INFORMS AND EDUCATES PATIENTS AND PERSONS WHO MAY BE BILLED FOR PATIENT CARE ABOUT THEIR ELIGIBILITY FOR ASSISTANCE UNDER FEDERAL, STATE, OR LOCAL GOVERNMENT PROGRAMS OR UNDER UPHS'S CHARITY CARE POLICY. PATIENTS ARE INFORMED OF THE AVAILABILITY OF CHARITY CARE IN VARIOUS WAYS (E.G. AT POINT OF REGISTRATION, ON POSTERS THROUGHOUT HOSPITAL, IN PRACTICES, FINANCIAL COUNSELOR INTERVIEW AND WEBSITE).
COMMUNITY INFORMATION PART VI, LINE 4 THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS") IS SENSITIVE TO THE DISPARITY IN THE QUALITY OF HEALTH AND HEALTH CARE AMONG THE PEOPLE OF THE PHILADELPHIA AREA. IN NEIGHBORHOODS THROUGHOUT THE CITY, MANY RESIDENTS, OFTEN THE VERY YOUNG OR THE VERY OLD DO NOT HAVE ACCESS TO ADEQUATE CARE. THE QUALITY OF THEIR LIVES IS DIMINISHED BECAUSE THEY ARE UNABLE TO RECEIVE THE SERVICES AND SUPPORT THEY NEED. AWARE OF THE BARRIERS TO HEALTH CARE FACED BY OUR COMMUNITIES, WE USE OUR RESOURCES TO IMPROVE THE HEALTH AND WELLNESS AMONG THE UNDERSERVED. OUR MORAL IMPERATIVE IS TO LOOK, LISTEN, AND ACT- IN WAYS THAT WILL MAKE A DIFFERENCE. IN COLLABORATION WITH OUR PHYSICIANS, NURSES, STUDENTS AND COMMUNITY PARTNERS, WE TAKE ACTION TO ENHANCE THE WELL-BEING OF THE NEIGHBORHOODS WE ALL SHARE.
INFORMATION REGARDING PROMOTION OF COMMUNITY HEALTH PART VI, LINE 5 THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM'S ("UPHS") CORE COMMUNITY BENEFITS PROGRAMS WERE ESTABLISHED AND CONTINUE TO THRIVE WHETHER OPERATED BY OR ENCOURAGING VOLUNTEERS BY THE HEALTH SYSTEM. HERE IS A LIST OF SOME OF THE COMMUNITY BENEFITS UPHS PROVIDES: - UNIVERSITY CITY HOSPITAL COALITION (UCHC) - PROVIDES MEALS TO THE HOMELESS AND HUNGRY. - UNITED COMMUNITY CLINIC (UCC) - A FREE HEALTH CLINIC IN THE BASEMENT OF A CHURCH IN THE EAST PARKSIDE NEIGHBORHOOD. - PROJECT ME (MIND EMPOWERMENT) - A PROGRAM AT JANE ADDAMS PLACE, AN EMERGENCY SHELTER FOR YOUNG HOMELESS MOTHERS, WHERE NURSES FROM VARIOUS DEPARTMENTS OF THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA (HUP) CONDUCT EDUCATIONAL CLASSES ON A VARIETY OF TOPICS INCLUDING CARING FOR BABY, FLU PREVENTION AND MORE. - ADDICTION UNIT AT PENN PRESBYTERIAN MEDICAL CENTER (PMC) - IS AN 18 BED FACILITY THAT PROVIDES REHAB TREATMENT FOR DRUG ADDICTS AND ALCOHOLICS. - DR. BERNETT L. JOHNSON, JR. SAYER HEALTH CENTER - THE LATE DR. SAYER HAD A VISION: TO CREATE A PRIMARY CARE HEALTH CENTER, WHERE PENN MEDICINE WORKS IN COLLABORATION WITH SAYER HIGH SCHOOL TO BRING STATE-OF-THE-ART HEALTH CARE TO THE NEIGHBORHOOD. SAYER IS ONE OF 30 SCHOOLS IN THE CITY PARTICIPATING IN PROJECT BIOEYES, AN INNOVATIVE EDUCATIONAL INITIATIVE SPONSORED BY THE UNIVERSITY OF PENNSYLVANIA'S INSTITUTE FOR REGENERATIVE MEDICINE AND THE NETTER CENTER FOR COMMUNITY PARTNERSHIPS. - PREVENTION POINT CLINIC - A NON-PROFIT GROUP THAT PRIMARILY SERVES THOSE WHO ARE UNINSURED OR LIVING IN SHELTERS. THE PRESENCE OF PENN DOCTORS AT THE CLINIC HAS BEEN GETTING AROUND BY WORD-OF-MOUTH. PREVENTION POINT OFFERS A VARIETY OF HEALTH SERVICES RANGING FROM TREATING INFECTIONS TO PROVIDING VACCINES FOR HEPATITIS AND TETANUS. PATIENTS WITH MORE CHRONIC ISSUES CAN RECEIVE REFERRALS TO PRIMARY CARE ELSEWHERE IN THE CITY. - PUENTES DE SALUD - THE GOAL OF THE ORGANIZATION IS TO BRIDGE THE GAP BRINGING LOW COST, HIGH QUALITY HEALTH CARE AND SOCIAL SERVICES TO SOUTH PHILADELPHIA'S GROWING LATINO POPULATION. VOLUNTEERS CONSISTING OF PENN PHYSICIANS, NURSES, MEDICAL STUDENTS AND UNDERGRADUATES FROM THE UNIVERSITY OF PENNSYLVANIA PROVIDE CARE FOR NEARLY 1,400 PATIENTS PRIMARILY SPANISH SPEAKING IMMIGRANTS. ROUGHLY 10% OF THEM ARE DIABETIC. - LATINA COMMUNITY HEALTH SERVICES (LCHS) IS THE WOMEN'S HEALTH EXTENSION OF PUENTES DE SALUD. THE PROGRAM WAS CREATED TO PROVIDE QUALITY HEALTH CARE TO HISPANIC WOMEN INCLUDING ULTRASOUND SCREENING AND DIABETES EDUCATION. - A GROUP OF CLERGY MEMBERS FROM CHRISTIAN STRONGHOLD BAPTIST CHURCH FREQUENTLY ADVISE PARISHIONERS SUFFERING FROM DEPRESSION, ANXIETY AND OTHER MENTAL HEALTH ISSUES. IN ORDER TO PROVIDE BETTER COUNSEL, THE CLERGY MEMBERS CONTACTED ASSISTANT PROFESSORS FROM THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA. ALONG WITH OTHER PENN PHYSICIANS THEY OVERSEE A SERIES OF SEMINARS AT THE CHURCH IN CONJUNCTION WITH THE MAINLINE CHAPTER OF THE NATIONAL ALLIANCE ON MENTAL ILLNESS (NAMI) TO EDUCATE THE PASTORS ON MENTAL HEALTH ISSUES. - HALL-MERCER HOMELESS PROGRAM - A PROGRAM THAT PROVIDES CARE AND RESOURCES FOR PEOPLE WHO LIVE ON THE STREETS OR HAVE A HISTORY OF HOMELESSNESS. AS THE BEHAVIORAL WING OF PENNSYLVANIA HOSPITAL, HALL-MERCER OFFERS A FULL RANGE OF SERVICES TO THE CITY'S MENTALLY ILL OR DISPLACED POPULATION. - PENN SIGHT SAVERS PROGRAM - A GROUP OF STUDENTS FROM THE SCHOOL OF MEDICINE CONDUCT HUNDREDS OF FREE GLAUCOMA SCREENING AND EDUCATE COMMUNITIES ON THE TOPIC OF OCULAR HEALTH.
AFFILIATED HEALTHCARE SYSTEM INFORMATION PART VI, LINE 6 THE MISSION OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM IS EXCELLENCE IN EDUCATION, RESEARCH, AND CLINICAL CARE. WE STRIVE TO ACHIEVE THESE GOALS BY HAVING THE BEST PEOPLE IN MEDICAL EDUCATION, HEALTH-RELATED RESEARCH, AND PATIENT CARE; MAKING USE OF KNOWLEDGE GAINED FROM NEARLY TWO AND A HALF CENTURIES OF LEARNING AND DISCOVERY AS PART OF A WORLD-CLASS UNIVERSITY; DELIVERING HIGH-QUALITY MEDICINE TO PATIENTS ACROSS A FULLY INTEGRATED ACADEMIC HEALTH SYSTEM; AND FULFILLING A COMMITMENT TO IMPROVE THE HEALTH OF PEOPLE IN THE COMMUNITIES SERVED BY THE HEALTH SYSTEM AND AROUND THE WORLD. AS PART OF AN AFFILIATED HEALTHCARE SYSTEM, THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM CONSISTS OF CERTAIN OPERATING DIVISIONS OF THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (THE "UNIVERSITY") AND AFFILIATED ENTITIES, INCLUDING: - THE HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA ("HUP"), A 727 LICENSED BED QUATERNARY CARE HOSPITAL AND ACADEMIC MEDICAL CENTER LOCATED ON THE CAMPUS OF THE UNIVERSITY IN THE WEST PHILADELPHIA AREA OF PHILADELPHIA, PENNSYLVANIA; - PENN PRESBYTERIAN MEDICAL CENTER OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("PRESBYTERIAN"), A 317 LICENSED BED ACUTE CARE HOSPITAL LOCATED ADJACENT TO THE CAMPUS OF THE UNIVERSITY IN THE WEST PHILADELPHIA AREA OF PHILADELPHIA, PENNSYLVANIA; - PENNSYLVANIA HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("PENNSYLVANIA HOSPITAL"), A 550 LICENSED BED ACUTE CARE HOSPITAL LOCATED IN THE CENTER CITY AREA OF PHILADELPHIA, PENNSYLVANIA; - THE CLINICAL PRACTICES OF THE UNIVERSITY OF PENNSYLVANIA ("CPUP"), THE APPROVED FACULTY PRACTICE PLAN FOR THE CLINICAL PRACTICES OF 1,355 MEMBERS OF THE MEDICAL FACULTY OF THE UNIVERSITY'S SCHOOL OF MEDICINE; - CLINICAL CARE ASSOCIATES OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("CCA"), A PRIMARY CARE PHYSICIAN NETWORK CURRENTLY EMPLOYING APPROXIMATELY 170 PHYSICIANS AT 51 OFFICE LOCATIONS IN SOUTHEASTERN PENNSYLVANIA AND THROUGH ITS NEW JERSEY AFFILIATE IN SOUTHERN NEW JERSEY; AND - WISSAHICKON HOSPICE ("WISSAHICKON HOSPICE"), A HOSPICE CARE FACILITY SERVING THE TERMINALLY ILL, LOCATED IN BALA CYNWYD, PENNSYLVANIA. HUP AND CPUP ARE OPERATING DIVISIONS OF THE UNIVERSITY. PRESBYTERIAN, PENNSYLVANIA HOSPITAL, WISSAHICKON HOSPICE AND CCA ARE SEPARATE NONPROFIT CORPORATIONS AFFILIATED WITH AND CONTROLLED BY THE UNIVERSITY. UPHS ACCEPTS PATIENTS IN SERIOUS NEED OF PROFESSIONAL MEDICAL CARE, INDEPENDENT OF THEIR FINANCIAL STATUS. THIS DEFINITION INCLUDES THOSE PATIENTS SUFFERING FROM A MEDICAL CONDITION MANIFESTING ITSELF BY ACUTE SYMPTOMS OF SUFFICIENT SEVERITY (INCLUDING SEVERE PAIN) SUCH THAT THE ABSENCE OF IMMEDIATE MEDICAL ATTENTION COULD REASONABLY BE EXPECTED TO RESULT IN (1) PLACING THE HEALTH OF THE INDIVIDUAL (OR, WITH RESPECT TO A PREGNANT WOMAN, THE HEALTH OF THE WOMAN OR HER UNBORN CHILD) IN SERIOUS JEOPARDY, OR (2) SERIOUS IMPAIRMENT TO BODILY FUNCTIONS. ACCORDINGLY, UPHS PROVIDES SERVICES TO PATIENTS, WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY, WITHOUT CHARGE OR AT AMOUNTS LESS THAN UPHS' ESTABLISED RATES. BECAUSE UPHS DOES NOT PURSUE COLLECTIONS, SUCH AMOUNTS HAVE BEEN EXCLUDED FROM NET PATIENT SERVICE REVENUE. UPHS ESTIMATED $8,012,000 AND $8,050,000 AROSE DURING 2012 AND 2011, RESPECTIVELY, FROM PROVIDING SERVICES TO CHARITY PATIENTS. THE ESTIMATED COSTS OF PROVIDING CHARITY SERVICES ARE BASED ON DATA DERIVED FROM A COMBINATION OF THE UPHS' COST ACCOUNTING SYSTEM AND THE RATIO OF COSTS TO CHARGES. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY. UPHS PURSUES COLLECTION OF THESE AMOUNTS, HOWEVER CERTAIN AMOUNTS ARE DEEMED TO BE UNCOLLECTIBLE. THESE AMOUNTS ARE CLASSIFIED IN THE PROVISION FOR BAD DEBTS. UPHS' PROVISION FOR BAD DEBTS TOTALED $182,044,000 AND $143,594,000 FOR 2012 AND 2011, RESPECTIVELY. ADDITIONALLY, THE COSTS OF PROVIDING SERVICES TO ELIGIBLE WELFARE RECIPIENTS, WHO PARTICIPATE IN THE PENNSYLVANIA MEDICAL ASSISTANCE AND LOCAL MANAGED MEDICAID PROGRAMS EXCEEDED REIMBURSEMENT BY $111,979,000 AND $98,516,000 IN 2012 AND 2011, RESPECTIVELY. IN ADDITION TO PROVIDING DIRECT PATIENT CHARITY CARE AND IN FURTHERANCE OF ITS EXEMPT PURPOSE TO BENEFIT THE COMMUNITY, UPHS OPERATES EMERGENCY ROOMS OPEN TO THE PUBLIC 24-HOURS PER DAY, 7 DAYS PER WEEK; MAINTAINS RESEARCH FACILITIES FOR THE STUDY OF DISEASE AND INJURIES; PROVIDES FACILITIES FOR TEACHING AND TRAINING VARIOUS MEDICAL PERSONNEL; FACILITATES THE ADVANCEMENT OF MEDICAL AND SURGICAL EDUCATION; AND PROVIDES VARIOUS COMMUNITY SERVICES SUCH AS SCREENINGS FOR THE DETECTION OF BREAST, COLORECTAL AND SKIN CANCER, CANCER SUPPORT GROUPS, A TOLL FREE NUMBER FOR CANCER INFORMATION, FREE IMMUNIZATION SHOTS, TRAINING PROGRAMS FOR THE CITY FIRE AND POLICE DEPARTMENTS, HEALTH EDUCATION CLASSES, SPEECHES AND REGULARLY PROVIDES HEALTH RELATED INFORMATION TO TELEVISION AND RADIO NEWS PROGRAMS AND TO REPORTERS AT NEWSPAPERS AND MAGAZINES.
STATE FILING OF COMMUNITY BENEFIT REPORT PART VI, LINE 7 N/A
Schedule H (Form 990) 2011
Additional Data


Software ID:  
Software Version:  
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number
23-1352685
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance






















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

Schedule I (Form 990) 2011
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) FINANCIAL AID TO UNDERGRADUATE STUDENTS 5766 216,719,357 0 N/A N/A
(2) FINANCIAL AID TO GRADUATE/PROFESSIONAL STUDENTS 6451 118,108,919 0 N/A N/A











Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
PROCEDURES FOR MONITORING GRANTS/SCHOLARSHIPS AWARDED FORM 990, SCHEDULE I, PART I, LINE 2 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") MAINTAINS A POLICY OF OFFERING QUALIFIED UNDERGRADUATE APPLICANTS ADMISSION TO THE UNIVERSITY WITHOUT REGARD TO FINANCIAL CIRCUMSTANCES. IN SUCH REGARD, THE UNIVERSITY'S POLICY IS TO MEET DEPENDENT UNDERGRADUATE STUDENTS' NEEDS IN THE FORM OF DIRECT GRANTS AND EMPLOYMENT, WITHOUT EXPECTING THEM TO TAKE OUT STUDENT LOANS. THE UNIVERSITY MONITORS AND MAINTAINS RECORDS OF SUCH FINANCIAL ASSISTANCE PROVIDED. ALL UNDERGRADUATE FINANCIAL AID AWARDED BY THE UNIVERSITY IS BASED ONLY ON FINANCIAL NEED. AN UNDERGRADUATE STUDENT MAY ALSO BE ELIGIBLE FOR FACULTY/STAFF TUITION REMISSION AS A RESULT OF A PARENT BEING ELIGIBLE TO RECEIVE THIS BENEFIT AS A CONDITION OF THEIR EMPLOYMENT. GRADUATE/PROFESSIONAL FINANCIAL AID CAN BE AWARDED BASED ON FINANCIAL NEED, SERVICE (TEACHING FELLOWSHIPS, RESEARCH ASSISTANTSHIPS AND FELLOWSHIPS) OR OTHER CRITERIA SUCH AS MERIT/ACADEMICS. A GRADUATE/PROFESSIONAL STUDENT MAY ALSO BE ELIGIBLE FOR FACULTY/STAFF BENEFIT AS DESCRIBED ABOVE.
SUBAWARDS FORM 990, SCHEDULE I, PART II IN FURTHERANCE OF ITS RESEARCH ACTIVITIES, THE UNIVERSITY OF PENNSYLVANIA MAKES SUB-AWARDS TO OTHER INSTITUTIONS THAT PERFORM RESEARCH IN CONNECTION WITH RESEARCH GRANTS AWARDED TO THE UNIVERSITY. THE UNIVERSITY DOES NOT CATEGORIZE THESE SUBS-AWARDS AS "GRANTS AND ASSISTANCE" FOR FORM 990 REPORTING, SINCE THE RECIPIENT ORGANIZATIONS PERFORM RESEARCH SERVICES FOR THE UNIVERSITY AND ARE CONSIDERED INDEPENDENT CONTRACTORS WHICH SERVE THE DIRECT NEEDS OF THE UNIVERSITY. DURING THE YEAR ENDED JUNE 30, 2012, THE UNIVERSITY OF PENNSYLVANIA MADE SUB-AWARD PAYMENTS TO 346 RECIPIENTS TOTALING $95,927,000.
Schedule I (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
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
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) ROBIN BECK (i)
(ii)		 378,479
0 		60,000
0 		16,455
0 		22,050
0 		19,094
0 		496,078
0 		0
0
(2) CRAIG CARNAROLI (i)
(ii)		 628,072
0 		180,000
0 		450
0 		57,285
0 		19,966
0 		885,773
0 		0
0
(3) JEFFREY COOPER (i)
(ii)		 282,201
0 		44,500
0 		11,179
0 		26,145
0 		21,432
0 		385,457
0 		0
0
(4) BONNIE GIBSON (i)
(ii)		 281,076
0 		47,000
0 		1,129
0 		25,785
0 		12,253
0 		367,243
0 		0
0
(5) STEPHEN GOLDING (i)
(ii)		 335,544
0 		46,000
0 		16,578
0 		30,506
0 		18,082
0 		446,710
0 		14,886
0
(6) JACK HEUER (i)
(ii)		 310,622
0 		48,000
0 		590
0 		28,428
0 		8,192
0 		395,832
0 		0
0
(7) JOHN HORN (i)
(ii)		 234,922
0 		23,400
0 		500
0 		21,348
0 		5,742
0 		285,912
0 		0
0
(8) LARRY JAMESON (i)
(ii)		 620,619
0 		0
0 		344,996
0 		20,425
0 		11,586
0 		997,626
0 		0
0
(9) LESLIE KRUHLY (i)
(ii)		 241,081
0 		41,000
0 		1,439
0 		22,410
0 		76,269
0 		382,199
0 		0
0
(10) STEPHEN J MACCARTHY (i)
(ii)		 98,491
0 		11,920
0 		21,825
0 		11,850
0 		8,180
0 		152,266
0 		0
0
(11) JOANN MITCHELL (i)
(ii)		 285,264
0 		44,500
0 		637
0 		26,190
0 		13,517
0 		370,108
0 		0
0
(12) ANNE PAPAGEORGE (i)
(ii)		 323,308
0 		56,000
0 		589
0 		29,453
0 		11,282
0 		420,632
0 		0
0
(13) VINCENT PRICE (i)
(ii)		 542,595
0 		158,000
0 		690
0 		49,173
0 		61,355
0 		811,813
0 		0
0
(14) GREGORY ROST (i)
(ii)		 358,010
0 		64,000
0 		690
0 		33,075
0 		26,109
0 		481,884
0 		0
0
(15) ARTHUR RUBENSTEIN (i)
(ii)		 1,397,821
0 		730,893
0 		456,265
0 		22,050
0 		24,722
0 		2,631,751
0 		0
0
(16) MAUREEN RUSH (i)
(ii)		 242,203
0 		36,000
0 		4,346
0 		22,455
0 		17,682
0 		322,686
0 		0
0
(17) WENDY WHITE (i)
(ii)		 526,451
0 		89,000
0 		1,693
0 		47,858
0 		18,135
0 		683,137
0 		0
0
(18) MARIE WITT (i)
(ii)		 265,390
0 		46,000
0 		594
0 		24,867
0 		26,132
0 		362,983
0 		0
0
(19) JOHN ZELLER (i)
(ii)		 477,501
0 		85,000
0 		1,693
0 		43,785
0 		41,417
0 		649,396
0 		0
0
(20) ANDREW BINNS (i)
(ii)		 286,777
0 		0
0 		1,873
0 		22,050
0 		18,854
0 		329,554
0 		0
0
(21) PATRICK BRENNAN (i)
(ii)		 379,287
0 		210,945
0 		53,296
0 		31,500
0 		50,047
0 		725,075
0 		0
0
(22) REBECCA V BUSHNELL (i)
(ii)		 359,553
0 		55,000
0 		1,290
0 		32,760
0 		22,330
0 		470,933
0 		0
0
(23) REBECCA COOKE (i)
(ii)		 171,307
0 		25,000
0 		345
0 		12,833
0 		9,983
0 		219,468
0 		0
0
(24) MICHAEL DANDORPH (i)
(ii)		 487,740
0 		243,591
0 		90,317
0 		97,000
0 		6,309
0 		924,957
0 		89,806
0
(25) PETER DEGNAN (i)
(ii)		 325,016
0 		0
0 		650
0 		12,250
0 		17,863
0 		355,779
0 		0
0
(26) STEVEN J FLUHARTY (i)
(ii)		 398,522
0 		0
0 		690
0 		9,800
0 		17,687
0 		426,699
0 		0
0
(27) GLEN N GAULTON (i)
(ii)		 501,849
0 		220,402
0 		11,591
0 		23,660
0 		14,160
0 		771,662
0 		0
0
(28) KRISTIN GILBERTSON (i)
(ii)		 613,436
0 		909,986
0 		450
0 		22,050
0 		8,422
0 		1,554,344
0 		0
0
(29) ELIZABETH JOHNSTON (i)
(ii)		 521,117
0 		258,207
0 		132,875
0 		102,870
0 		7,581
0 		1,022,650
0 		112,321
0
(30) KEITH KASPER (i)
(ii)		 492,796
0 		238,569
0 		153,077
0 		95,000
0 		21,643
0 		1,001,085
0 		74,490
0
(31) CHRISTOPHER KOPS (i)
(ii)		 233,643
0 		125,921
0 		60,717
0 		14,175
0 		24,543
0 		458,999
0 		0
0
(32) TREVOR LEWIS (i)
(ii)		 243,951
0 		0
0 		232
0 		22,050
0 		20,533
0 		286,766
0 		0
0
(33) KEVIN MAHONEY (i)
(ii)		 519,314
0 		267,671
0 		160,821
0 		103,002
0 		6,940
0 		1,057,748
0 		105,473
0
(34) GAIL MORRISON (i)
(ii)		 438,352
0 		194,916
0 		24,799
0 		31,500
0 		93,187
0 		782,754
0 		17,850
0
(35) RALPH MULLER (i)
(ii)		 1,347,140
0 		689,220
0 		1,374,557
0 		0
0 		18,323
0 		3,429,240
0 		1,336,439
0
(36) PETER QUINN (i)
(ii)		 765,415
0 		464,063
0 		5,653
0 		22,050
0 		16,593
0 		1,273,774
0 		0
0
(37) THOMAS ROBERTSON (i)
(ii)		 554,286
0 		82,000
0 		70,060
0 		26,517
0 		15,654
0 		748,517
0 		0
0
(38) GARRY SCHEIB (i)
(ii)		 842,268
0 		419,379
0 		186,054
0 		167,000
0 		15,783
0 		1,630,484
0 		173,495
0
(39) RAMIN SEDEHI (i)
(ii)		 239,746
0 		0
0 		313
0 		22,050
0 		18,202
0 		280,311
0 		0
0
(40) MICHAEL SEAN GRADY MD (i)
(ii)		 1,223,210
0 		516,100
0 		3,713
0 		31,500
0 		40,716
0 		1,815,239
0 		0
0
(41) PAUL MARCOTTE MD (i)
(ii)		 1,509,309
  		0
  		1,714
  		29,050
  		6,328
  		1,546,401
  		0
 
(42) WILLIAM C WELCH MD (i)
(ii)		 1,442,074
0 		0
0 		1,748
0 		31,500
0 		19,383
0 		1,494,705
0 		0
0
(43) ABRAHAM SHAKED MD (i)
(ii)		 1,176,071
0 		3,000
0 		38,015
0 		31,500
0 		19,783
0 		1,268,369
0 		0
0
(44) JOSEPH SERLETTI MD (i)
(ii)		 1,155,323
0 		0
0 		3,259
0 		31,500
0 		19,034
0 		1,209,116
0 		0
0
(45) DR AMY GUTMANN (i)
(ii)		 1,078,016
0 		0
0 		182,222
0 		790,000
0 		41,526
0 		2,091,764
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
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PARTICIPATION FORM 990, SCHEDULE J, LINE 4B THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY") MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR SENIOR ADMINISTRATORS AND DEANS OF THE UNIVERSITY AS DESIGNATED BY THE BOARD OF TRUSTEES WHO HAVE MADE THE 5% EMPLOYEE CONTRIBUTION TO THE UNIVERSITY'S 403(B) PLAN, HAVE UNIVERSITY COMPENSATION OVER CERTAIN IRS PROSCRIBED THRESHOLDS, AND ARE ACTIVELY EMPLOYED BY THE UNIVERSITY WHEN THE CONTRIBUTION IS MADE. VESTING IN THE SERP OCCURS AFTER EACH THREE YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE A "PARTIAL" DISTRIBUTION WHICH WILL BE WITHHELD TO SATISFY THE TAX CONSEQUENCES OF VESTING. THE BALANCE OF VESTED SERP ACCOUNT WILL REMAIN IN THE PLAN AND WILL BE DISTRIBUTED (PLUS OR MINUS INVESTMENT EARNINGS/LOSSES) UPON TERMINATION OF EMPLOYMENT. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE UNIVERSITY SERP PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: BECK, ROBIN- $12,645 BUSHNELL, REBECCA V. CARNAROLI, CRAIG COOPER, JEFFREY- $9,610 GIBSON, BONNIE GOLDING, STEPHEN- $14,886 HEUER, JACK HORN, JOHN KRUHLY, LESLIE MACCARTHY, STEPHEN J. MITCHELL, JOANN PAPAGEORGE, ANNE PRICE, VINCENT ROBERTSON, THOMAS- $28,395 RUBENSTEIN, ARTHUR- $334,085 ROST, GREGORY RUSH, MAUREEN WHITE, WENDY WITT, MARIE ZELLER, JOHN THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("HEALTH SYSTEM") MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") DESIGNED FOR SENIOR ADMINISTRATORS OF THE HEALTH SYSTEM, AS DESIGNATED BY THE BOARD OF TRUSTEES, WHO ARE ACTIVELY EMPLOYED BY THE HEALTH SYSTEM WHEN THE CONTRIBUTIONS ARE MADE. VESTING IN THE SERP OCCURS AFTER EACH THREE YEARS OF PARTICIPATION AND UPON THE OCCURRENCE OF CERTAIN EVENTS (ATTAINMENT OF AGE 65, DEATH, DISABILITY, OR INVOLUNTARY TERMINATION WITHOUT "CAUSE"). CONTRIBUTIONS FOR THOSE WHO HAVE REACHED AGE 65 WILL BE FULLY VESTED WHEN MADE. UPON REACHING A VESTING DATE, PARTICIPANTS WILL AUTOMATICALLY RECEIVE A FULL DISTRIBUTION WHICH IS TAXABLE AS EARNED INCOME. PARTICIPANTS WHO VOLUNTARILY TERMINATE BEFORE VESTING WILL FORFEIT THE BALANCE IN THEIR ACCOUNTS. THE FOLLOWING INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A PARTICIPATED IN THE HEALTH SYSTEM SERP PLAN DURING THE YEAR AND/OR RECEIVED EMPLOYER PAID AMOUNTS DURING THE YEAR: DANDORPH, MICHAEL- $73,305 JOHNSTON, ELIZABETH KASPER, KEITH MAHONEY, KEVIN MULLER, RALPH QUINN, PETER SCHEIB, GARRY
PROVISION OF NON-FIXED PAYMENTS FORM 990, SCHEDULE J, LINE 7 THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PROVIDES DISCRETIONARY BONUS AND/OR INCENTIVE COMPENSATION PAYMENTS TO ELIGIBLE EMPLOYEES. PAYMENTS MADE TO ANY DISQUALIFIED PERSON, AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 4958, ARE APPROVED BY THE COMPENSATION COMMITTEE THROUGH THE PROCESS DESCRIBED IN FORM 990, PART VI, SECTION B, LINE 15.
Schedule J (Form 990) 2011

Additional Data


Software ID:  
Software Version:  
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number
23-1352685
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A PA HIGHER ED FACILITIES AUTHORITY- SERIES A&B 2005
  		22-2243852 70917NR97 01-12-2005 112,618,284 REFUND 1995 BONDS; SPRINKLER SYSTM   X   X   X
B PA HIGHER ED FACILITIES AUTHORITY- SERIES C 2005
  		22-2243852 70917N7V0 08-18-2005 146,112,644 REDEEM 1998 BONDS; CAP PROJECTS   X   X   X
C PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2009
  		22-2243852 70917RUS2 03-16-2009 228,289,883 VARIOUS CAPITAL PROJECTS   X   X   X
D PA HIGHER ED FACILITIES AUTHORITY- SERIES B 2009
  		22-2243852 70917RUS2 03-16-2009 44,226,561 REFUND 2008A (REFUNDING 2002B)   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES C 2009
  		22-2243852 70917RUS2 03-16-2009 31,057,669 PARTIAL REFUND OF 1998 BONDS   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES OF 2010
  		22-2243852 70917RP33 10-13-2010 77,125,325 COMPLETE REFUND OF 1998 BONDS   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2011
  		22-2243852 70917RS30 03-02-2011 150,994,928 CONSTRUCTION/RENOVATION PROJECTS   X   X   X
WASHINGTON COUNTY AUTHORITY- SERIES OF 2004
  		22-2243852 938591BF0 05-27-2004 62,500,000 REDEEM 1985 BONDS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2005
  		22-2243852 70917NX41 02-16-2005 295,526,878 REFUND SERIES A 1996   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2005
  		22-2243852 70917NX41 02-16-2005 89,118,513 CTR FOR ADV MED FACILITY   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2008
  		22-2243852 70917RPY5 04-16-2008 105,805,000 REFUND PHX 2002; CAPITAL PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2008
  		22-2243852 70917RTN5 11-05-2008 198,316,551 REFUND UPHS SERIES C&D 2005   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2011
  		22-2243852 70917RT47 03-02-2011 148,861,396 CONSTRUCTION/RENOVATION PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2012
  		22-2243852 70917R5B7 05-02-2012 149,995,567 EXPANSION/FACILITY ENHANCEMENT   X   X   X
PHILA AUTHORITY FOR IND DEVELOPMENT- SERIES 2007
  		22-2237287 71781QCU0 04-27-2007 9,300,000 LAND & PROPERTY ACQ/IMPROVEMENTS   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . 60,266,284 14,096,644 7,031,883 3,714,561
2 Amount of bonds legally defeased . . . . . . . . . . 0 0 0 0
3 Total proceeds of issue . . . . . . . . . . . . . 112,618,284 146,112,644 228,463,615 44,226,561
4 Gross proceeds in reserve funds . . . . . . . . 0 0 0 0
5 Capitalized interest from proceeds . . . . . . . . . . 0 0 0 0
6 Proceeds in refunding escrows . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . 273,585 945,629 1,585,008 327,620
8 Credit enhancement from proceeds . . . . . . . . . . 0 0 0 0
9 Working capital expenditures from proceeds . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . 5,039,284 70,126,989 194,666,046 0
11 Other spent proceeds . . . . . . . . . . . 107,305,415 75,040,026 32,212,561 43,898,941
12 Other unspent proceeds . . . . . . . . . . . 0 0 0 0
13 Year of substantial completion . . . . . . . . . . . 2005 2006 2011 2002
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . X     X   X X  
15 Were the bonds issued as part of an advance refunding issue? . . . . X   X     X   X
16 Has the final allocation of proceeds been made? . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X X     X X  
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2011
Schedule K (Form 990) 2011
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X X  
b If ‘Yes’ to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . . X   X       X  
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . .   X   X   X   X
d If ‘Yes’ to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? . X   X          
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0.00000% 0% 0.00000% 0.00000%
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0% 0% 0.00000% 0.00000%
6 Total of lines 4 and 5 . . .. . . . . . . . . 0% 0% 0.00000% 0.00000%
7 Does the bond issue meet the private security or payment test? . . . X   X   X   X  
8 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . .   X   X   X   X
2 Is the bond issue a variable rate issue?   X   X   X   X
3a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider . . . . . . . . 0
  		0
  		0
  		 
 
c Term of hedge . . . . . . . .        
d Was the hedge superintegrated? . . . .                
e Was a hedge terminated? . . . . .                
4a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . .   X   X   X   X
b Name of provider . . . . . . 0
  		0
  		0
  		0
 
c Term of GIC . . . . . . . 1.58 1.58    
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . . X   X          
5 Were any gross proceeds invested beyond an available temporary period? . . . . . .   X   X   X   X
6 Did the bond issue qualify for an exception to rebate? . X   X   X   X  
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Schedule K (Form 990) 2011

Schedule K (Form 990) 2011
Page 3
Part V
Procedures To Undertake Corrective Action
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? . . . . . . . . . . . . . .
Part VI
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
SEE SCHEDULE O FOR ADDITIONAL SUPPLEMENTAL INFORMATION 0  
Schedule K (Form 990) 2011

Additional Data


Software ID:  
Software Version:  

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number
23-1352685
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A PA HIGHER ED FACILITIES AUTHORITY- SERIES A&B 2005
  		22-2243852 70917NR97 01-12-2005 112,618,284 REFUND 1995 BONDS; SPRINKLER SYSTM   X   X   X
B PA HIGHER ED FACILITIES AUTHORITY- SERIES C 2005
  		22-2243852 70917N7V0 08-18-2005 146,112,644 REDEEM 1998 BONDS; CAP PROJECTS   X   X   X
C PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2009
  		22-2243852 70917RUS2 03-16-2009 228,289,883 VARIOUS CAPITAL PROJECTS   X   X   X
D PA HIGHER ED FACILITIES AUTHORITY- SERIES B 2009
  		22-2243852 70917RUS2 03-16-2009 44,226,561 REFUND 2008A (REFUNDING 2002B)   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES C 2009
  		22-2243852 70917RUS2 03-16-2009 31,057,669 PARTIAL REFUND OF 1998 BONDS   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES OF 2010
  		22-2243852 70917RP33 10-13-2010 77,125,325 COMPLETE REFUND OF 1998 BONDS   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2011
  		22-2243852 70917RS30 03-02-2011 150,994,928 CONSTRUCTION/RENOVATION PROJECTS   X   X   X
WASHINGTON COUNTY AUTHORITY- SERIES OF 2004
  		22-2243852 938591BF0 05-27-2004 62,500,000 REDEEM 1985 BONDS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2005
  		22-2243852 70917NX41 02-16-2005 295,526,878 REFUND SERIES A 1996   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2005
  		22-2243852 70917NX41 02-16-2005 89,118,513 CTR FOR ADV MED FACILITY   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2008
  		22-2243852 70917RPY5 04-16-2008 105,805,000 REFUND PHX 2002; CAPITAL PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2008
  		22-2243852 70917RTN5 11-05-2008 198,316,551 REFUND UPHS SERIES C&D 2005   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2011
  		22-2243852 70917RT47 03-02-2011 148,861,396 CONSTRUCTION/RENOVATION PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2012
  		22-2243852 70917R5B7 05-02-2012 149,995,567 EXPANSION/FACILITY ENHANCEMENT   X   X   X
PHILA AUTHORITY FOR IND DEVELOPMENT- SERIES 2007
  		22-2237287 71781QCU0 04-27-2007 9,300,000 LAND & PROPERTY ACQ/IMPROVEMENTS   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . 60,266,284 14,096,644 7,031,883 3,714,561
2 Amount of bonds legally defeased . . . . . . . . . . 0 0 0 0
3 Total proceeds of issue . . . . . . . . . . . . . 112,618,284 146,112,644 228,463,615 44,226,561
4 Gross proceeds in reserve funds . . . . . . . . 0 0 0 0
5 Capitalized interest from proceeds . . . . . . . . . . 0 0 0 0
6 Proceeds in refunding escrows . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . 273,585 945,629 1,585,008 327,620
8 Credit enhancement from proceeds . . . . . . . . . . 0 0 0 0
9 Working capital expenditures from proceeds . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . 5,039,284 70,126,989 194,666,046 0
11 Other spent proceeds . . . . . . . . . . . 107,305,415 75,040,026 32,212,561 43,898,941
12 Other unspent proceeds . . . . . . . . . . . 0 0 0 0
13 Year of substantial completion . . . . . . . . . . . 2005 2006 2011 2002
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . X     X   X X  
15 Were the bonds issued as part of an advance refunding issue? . . . . X   X     X   X
16 Has the final allocation of proceeds been made? . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X X     X X  
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2011
Schedule K (Form 990) 2011
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X X  
b If ‘Yes’ to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . . X   X       X  
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . .   X   X   X   X
d If ‘Yes’ to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? . X   X          
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0.00000% 0% 0.00000% 0.00000%
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0% 0% 0.00000% 0.00000%
6 Total of lines 4 and 5 . . .. . . . . . . . . 0% 0% 0.00000% 0.00000%
7 Does the bond issue meet the private security or payment test? . . . X   X   X   X  
8 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . .   X   X   X   X
2 Is the bond issue a variable rate issue?   X   X   X   X
3a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider . . . . . . . . 0
  		0
  		0
  		 
 
c Term of hedge . . . . . . . .        
d Was the hedge superintegrated? . . . .                
e Was a hedge terminated? . . . . .                
4a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . .   X   X   X   X
b Name of provider . . . . . . 0
  		0
  		0
  		0
 
c Term of GIC . . . . . . . 1.58 1.58    
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . . X   X          
5 Were any gross proceeds invested beyond an available temporary period? . . . . . .   X   X   X   X
6 Did the bond issue qualify for an exception to rebate? . X   X   X   X  
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Schedule K (Form 990) 2011

Schedule K (Form 990) 2011
Page 3
Part V
Procedures To Undertake Corrective Action
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? . . . . . . . . . . . . . .
Part VI
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
SEE SCHEDULE O FOR ADDITIONAL SUPPLEMENTAL INFORMATION 0  
Schedule K (Form 990) 2011

Additional Data


Software ID:  
Software Version:  

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number
23-1352685
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A PA HIGHER ED FACILITIES AUTHORITY- SERIES A&B 2005
  		22-2243852 70917NR97 01-12-2005 112,618,284 REFUND 1995 BONDS; SPRINKLER SYSTM   X   X   X
B PA HIGHER ED FACILITIES AUTHORITY- SERIES C 2005
  		22-2243852 70917N7V0 08-18-2005 146,112,644 REDEEM 1998 BONDS; CAP PROJECTS   X   X   X
C PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2009
  		22-2243852 70917RUS2 03-16-2009 228,289,883 VARIOUS CAPITAL PROJECTS   X   X   X
D PA HIGHER ED FACILITIES AUTHORITY- SERIES B 2009
  		22-2243852 70917RUS2 03-16-2009 44,226,561 REFUND 2008A (REFUNDING 2002B)   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES C 2009
  		22-2243852 70917RUS2 03-16-2009 31,057,669 PARTIAL REFUND OF 1998 BONDS   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES OF 2010
  		22-2243852 70917RP33 10-13-2010 77,125,325 COMPLETE REFUND OF 1998 BONDS   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2011
  		22-2243852 70917RS30 03-02-2011 150,994,928 CONSTRUCTION/RENOVATION PROJECTS   X   X   X
WASHINGTON COUNTY AUTHORITY- SERIES OF 2004
  		22-2243852 938591BF0 05-27-2004 62,500,000 REDEEM 1985 BONDS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2005
  		22-2243852 70917NX41 02-16-2005 295,526,878 REFUND SERIES A 1996   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2005
  		22-2243852 70917NX41 02-16-2005 89,118,513 CTR FOR ADV MED FACILITY   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2008
  		22-2243852 70917RPY5 04-16-2008 105,805,000 REFUND PHX 2002; CAPITAL PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2008
  		22-2243852 70917RTN5 11-05-2008 198,316,551 REFUND UPHS SERIES C&D 2005   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2011
  		22-2243852 70917RT47 03-02-2011 148,861,396 CONSTRUCTION/RENOVATION PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2012
  		22-2243852 70917R5B7 05-02-2012 149,995,567 EXPANSION/FACILITY ENHANCEMENT   X   X   X
PHILA AUTHORITY FOR IND DEVELOPMENT- SERIES 2007
  		22-2237287 71781QCU0 04-27-2007 9,300,000 LAND & PROPERTY ACQ/IMPROVEMENTS   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . 60,266,284 14,096,644 7,031,883 3,714,561
2 Amount of bonds legally defeased . . . . . . . . . . 0 0 0 0
3 Total proceeds of issue . . . . . . . . . . . . . 112,618,284 146,112,644 228,463,615 44,226,561
4 Gross proceeds in reserve funds . . . . . . . . 0 0 0 0
5 Capitalized interest from proceeds . . . . . . . . . . 0 0 0 0
6 Proceeds in refunding escrows . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . 273,585 945,629 1,585,008 327,620
8 Credit enhancement from proceeds . . . . . . . . . . 0 0 0 0
9 Working capital expenditures from proceeds . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . 5,039,284 70,126,989 194,666,046 0
11 Other spent proceeds . . . . . . . . . . . 107,305,415 75,040,026 32,212,561 43,898,941
12 Other unspent proceeds . . . . . . . . . . . 0 0 0 0
13 Year of substantial completion . . . . . . . . . . . 2005 2006 2011 2002
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . X     X   X X  
15 Were the bonds issued as part of an advance refunding issue? . . . . X   X     X   X
16 Has the final allocation of proceeds been made? . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X X     X X  
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2011
Schedule K (Form 990) 2011
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X X  
b If ‘Yes’ to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . . X   X       X  
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . .   X   X   X   X
d If ‘Yes’ to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? . X   X          
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0.00000% 0% 0.00000% 0.00000%
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0% 0% 0.00000% 0.00000%
6 Total of lines 4 and 5 . . .. . . . . . . . . 0% 0% 0.00000% 0.00000%
7 Does the bond issue meet the private security or payment test? . . . X   X   X   X  
8 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . .   X   X   X   X
2 Is the bond issue a variable rate issue?   X   X   X   X
3a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider . . . . . . . . 0
  		0
  		0
  		 
 
c Term of hedge . . . . . . . .        
d Was the hedge superintegrated? . . . .                
e Was a hedge terminated? . . . . .                
4a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . .   X   X   X   X
b Name of provider . . . . . . 0
  		0
  		0
  		0
 
c Term of GIC . . . . . . . 1.58 1.58    
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . . X   X          
5 Were any gross proceeds invested beyond an available temporary period? . . . . . .   X   X   X   X
6 Did the bond issue qualify for an exception to rebate? . X   X   X   X  
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Schedule K (Form 990) 2011

Schedule K (Form 990) 2011
Page 3
Part V
Procedures To Undertake Corrective Action
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? . . . . . . . . . . . . . .
Part VI
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
SEE SCHEDULE O FOR ADDITIONAL SUPPLEMENTAL INFORMATION 0  
Schedule K (Form 990) 2011

Additional Data


Software ID:  
Software Version:  

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number
23-1352685
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A PA HIGHER ED FACILITIES AUTHORITY- SERIES A&B 2005
  		22-2243852 70917NR97 01-12-2005 112,618,284 REFUND 1995 BONDS; SPRINKLER SYSTM   X   X   X
B PA HIGHER ED FACILITIES AUTHORITY- SERIES C 2005
  		22-2243852 70917N7V0 08-18-2005 146,112,644 REDEEM 1998 BONDS; CAP PROJECTS   X   X   X
C PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2009
  		22-2243852 70917RUS2 03-16-2009 228,289,883 VARIOUS CAPITAL PROJECTS   X   X   X
D PA HIGHER ED FACILITIES AUTHORITY- SERIES B 2009
  		22-2243852 70917RUS2 03-16-2009 44,226,561 REFUND 2008A (REFUNDING 2002B)   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES C 2009
  		22-2243852 70917RUS2 03-16-2009 31,057,669 PARTIAL REFUND OF 1998 BONDS   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES OF 2010
  		22-2243852 70917RP33 10-13-2010 77,125,325 COMPLETE REFUND OF 1998 BONDS   X   X   X
PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2011
  		22-2243852 70917RS30 03-02-2011 150,994,928 CONSTRUCTION/RENOVATION PROJECTS   X   X   X
WASHINGTON COUNTY AUTHORITY- SERIES OF 2004
  		22-2243852 938591BF0 05-27-2004 62,500,000 REDEEM 1985 BONDS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2005
  		22-2243852 70917NX41 02-16-2005 295,526,878 REFUND SERIES A 1996   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2005
  		22-2243852 70917NX41 02-16-2005 89,118,513 CTR FOR ADV MED FACILITY   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2008
  		22-2243852 70917RPY5 04-16-2008 105,805,000 REFUND PHX 2002; CAPITAL PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2008
  		22-2243852 70917RTN5 11-05-2008 198,316,551 REFUND UPHS SERIES C&D 2005   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2011
  		22-2243852 70917RT47 03-02-2011 148,861,396 CONSTRUCTION/RENOVATION PROJECTS   X   X   X
PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2012
  		22-2243852 70917R5B7 05-02-2012 149,995,567 EXPANSION/FACILITY ENHANCEMENT   X   X   X
PHILA AUTHORITY FOR IND DEVELOPMENT- SERIES 2007
  		22-2237287 71781QCU0 04-27-2007 9,300,000 LAND & PROPERTY ACQ/IMPROVEMENTS   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . 60,266,284 14,096,644 7,031,883 3,714,561
2 Amount of bonds legally defeased . . . . . . . . . . 0 0 0 0
3 Total proceeds of issue . . . . . . . . . . . . . 112,618,284 146,112,644 228,463,615 44,226,561
4 Gross proceeds in reserve funds . . . . . . . . 0 0 0 0
5 Capitalized interest from proceeds . . . . . . . . . . 0 0 0 0
6 Proceeds in refunding escrows . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . 273,585 945,629 1,585,008 327,620
8 Credit enhancement from proceeds . . . . . . . . . . 0 0 0 0
9 Working capital expenditures from proceeds . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . 5,039,284 70,126,989 194,666,046 0
11 Other spent proceeds . . . . . . . . . . . 107,305,415 75,040,026 32,212,561 43,898,941
12 Other unspent proceeds . . . . . . . . . . . 0 0 0 0
13 Year of substantial completion . . . . . . . . . . . 2005 2006 2011 2002
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . X     X   X X  
15 Were the bonds issued as part of an advance refunding issue? . . . . X   X     X   X
16 Has the final allocation of proceeds been made? . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X X     X X  
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2011
Schedule K (Form 990) 2011
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X X  
b If ‘Yes’ to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . . X   X       X  
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . .   X   X   X   X
d If ‘Yes’ to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? . X   X          
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0.00000% 0% 0.00000% 0.00000%
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0% 0% 0.00000% 0.00000%
6 Total of lines 4 and 5 . . .. . . . . . . . . 0% 0% 0.00000% 0.00000%
7 Does the bond issue meet the private security or payment test? . . . X   X   X   X  
8 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . .   X   X   X   X
2 Is the bond issue a variable rate issue?   X   X   X   X
3a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider . . . . . . . . 0
  		0
  		0
  		 
 
c Term of hedge . . . . . . . .        
d Was the hedge superintegrated? . . . .                
e Was a hedge terminated? . . . . .                
4a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . .   X   X   X   X
b Name of provider . . . . . . 0
  		0
  		0
  		0
 
c Term of GIC . . . . . . . 1.58 1.58    
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . . X   X          
5 Were any gross proceeds invested beyond an available temporary period? . . . . . .   X   X   X   X
6 Did the bond issue qualify for an exception to rebate? . X   X   X   X  
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Schedule K (Form 990) 2011

Schedule K (Form 990) 2011
Page 3
Part V
Procedures To Undertake Corrective Action
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? . . . . . . . . . . . . . .
Part VI
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
SEE SCHEDULE O FOR ADDITIONAL SUPPLEMENTAL INFORMATION 0  
Schedule K (Form 990) 2011

Additional Data


Software ID:  
Software Version:  

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

23-1352685
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501 (c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Description of transaction (c) Corrected?
Yes No





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

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.
(a) Name of interested person and purpose (b) Loan to or from the organization? (c)Original principal amount (d)Balance due (e) In default? (f) Approved by board or committee? (g)Written agreement?
To From Yes No Yes No Yes No
(1) AMY GUTMANN
EMPLOYEE LOAN 		  X 700,000 480,000   No Yes   Yes  
(2) AFAF MELEIS
MORTGAGE ASSISTANCE 		  X 200,000 200,000   No Yes   Yes  
(3) ANDREW PORTER
EMPLOYEE LOAN 		  X 150,000 42,857   No Yes   Yes  
(4) MARILYN J TAYLOR
EMPLOYEE LOAN 		  X 150,000 32,500   No Yes   Yes  
Total ...............Small Bullet $ 755,357
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) COMCAST CORPORATION COMMON TRUSTEE/OFFICER 820,493 PROGRAMMING/ADVERTISING SRVCS   No
(2) GENERAL ELECTRIC COMPANY COMMON TRUSTEE/OFFICER 11,714,641 MEDICAL DEVICES/SERV CONTRACTS   No
(3) GOLDMAN SACHS COMMON TRUSTEE/OFFICER 3,477,267 DERIVATIVE OPERATIONS   No
(4) GOLDMAN SACHS COMMON TRUSTEE/OFFICER 26,300,000 POSTING OF COLLATERAL/RETURNS   No
(5) JP MORGAN ASSET MANAGEMENT COMMON TRUSTEE/OFFICER 658,989 PENSION PLAN CONTRIB/SERVICES   No
(6) DIVERSIFIED SEARCH COMMON TRUSTEE/OFFICER 152,028 EXECUTIVE SEARCH SERVICES   No
(7) THE TRAVELERS INDEMNITY COMPANY COMMON TRUSTEE/OFFICER 339,485 INSURANCE COVERAGE   No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS FORM 990, SCHEDULE L, PART III CERTAIN OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY MAY RECEIVE TUITION ASSISTANCE FROM THE ORGANIZATION. THE AMOUNT OF SUCH ASSISTANCE HAS BEEN ACCOUNTED FOR AS A COMPONENT OF OVERALL COMPENSATION REPORTED FOR EACH APPLICABLE OFFICER/KEY EMPLOYEE ON FORM 990, PART VII. AS A RESULT, PURSUANT TO THE FORM 990, SCHEDULE L INSTRUCTIONS, SUCH AMOUNTS HAVE NOT BEEN ALSO REPORTED ON SCHEDULE L, PART III.
SUPPLEMENTAL INFORMATION REGARDING BUSINESS TRANSCATIONS INV. INT. PERSONS FORM 990, SCHEDULE L, PART IV, ITEM #2 THE GENERAL ELECTRIC COMPANY MEDICAL DEVICES/SERV CONTRACTS LINE ITEM REPRESENTS COMBINED PAYMENTS MADE TO VARIOUS SUBDIVIONS OF THE GENERAL ELECTRIC COMPANY FOR THE PURCHASE OF VARIOUS MEDICAL DEVICES AND RELATED SERVICE CONTRACTS. FORM 990, SCHEDULE L, PART IV, ITEM #4 THE GOLDMAN SACHS POSTING OF COLLATERAL/RETURNS SIGNIFIES COLLATERAL REQUIRED TO BE POSTED UNDER THE TERMS OF THE INTEREST RATE SWAP AGREEMENT IF CERTAIN THRESHOLDS ARE MET. THE AMOUNT REPRESENTS COLLATERAL POSTED DURING THE FISCAL YEAR. THE FULL AMOUNT OF COLLATERAL POSTED DURING THE FISCAL YEAR WAS RETURNED BY THE END OF THE FISCAL YEAR AND THERE WAS NO COLLATERAL POSTED AT FISCAL YEAR END.
ADDITIONAL SUPPLEMENTAL INFORMATION REGARDING BUSINESS TRANSACTIONS FORM 990, SCHEDULE L, PART IV TRUSTEE DAVID L. COHEN, ESQ. IS ALSO AN OFFICER OF COMCAST CORPORATION. TRUSTEE PAMELA DALEY, ESQ. IS ALSO AN OFFICER OF GENERAL ELECTRIC COMPANY. TRUSTEE LEE SPELMAN DOTY IS ALSO AN OFFICER OF JP MORGAN ASSET MANAGEMENT. TRUSTEE MARIE A. SAVARD, MD IS ALSO AN OFFICER OF DIVERSIFIED SEARCH. TRUSTEE JAY S. FISHMAN IS ALSO AN OFFICER OF THE TRAVELERS INDEMNITY COMPANY.
Schedule L (Form 990 or 990-EZ) 2011

Additional Data


Software ID:  
Software Version:  




SCHEDULE M
(Form 990)

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

23-1352685
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of Contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art .... X 6 290,008 FAIR MARKET VALUE
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications .. X 747,095 FAIR MARKET VALUE
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded .        
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous .. X 360 99,018,697 FAIR MARKET VALUE
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( DONATED EQUIPMENT ) X 5 304,621 FAIR MARKET VALUE
26 Other Right pointing arrow large image ( OTHER GIFTS IN KIND ) X 11 1,352,736 FAIR MARKET VALUE
27 Other Right pointing arrow large image( )
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
20
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ............................
32a
Yes
 
b
If "Yes," describe in Part II.
33
If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) 2011
Schedule M (Form 990) 2011
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33 and whether the organization is reporting in Part I, column (b) the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Identifier Return Reference Explanation
UTILIZATION OF THIRD PARTIES FOR SALES SCHEDULE M, PART I, LINE 32B IN RARE INSTANCES WHERE NON-RARE, DUPLICATE DONATIONS OF ART, HISTORICAL TREASURES OR OTHER SIMILAR ASSETS ARE RECEIVED, SUCH ITEMS MAY BE SENT TO A NON-PROFIT VENDOR FOR RESALE. THE UNIVERSITY THEN RECEIVES A PORTION OF THE SALES PRICE. THE TOTAL ACTIVITY WITH THIS VENDOR TYPICALLY GENERATES LESS THAN $2,000 PER YEAR.
Schedule M (Form 990) 2011
Additional Data


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

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

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Identifier Return Reference Explanation
BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS FORM 990, PART IV, LINE 28 AND FORM 990, SCHEDULE L, PART IV DURING THE NORMAL COURSE OF ITS OPERATIONS AND AFTER APPROPRIATE REVIEW THE UNIVERSITY MAY OCCASIONALLY TRANSACT BUSINESS WITH PERSONS/ORGANIZATIONS DESCRIBED ON FORM 990, PART IV, LINE 28. IN THIS REGARD, THE UNIVERSITY ADHERES TO A CONFLICT OF INTEREST POLICY AND ANY SUCH TRANSACTIONS ARE CONDUCTED AT AN ARMS-LENGTH BASIS.
FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11 THE FIRST DRAFT OF THE FEDERAL FORM 990 IS RECEIVED FROM OUR TAX CONSULTING FIRM, PRICEWATERHOUSECOOPERS LLP ("PWC"), ON OR BEFORE MARCH 15TH OF THE FILING YEAR AND REVIEWED BY THE ASSOCIATE COMPTROLLER. THE FORM 990 IS THEN DISTRIBUTED TO VARIOUS SENIOR FINANCIAL MANAGEMENT OFFICIALS, INCLUDING THE COMPTROLLER, CFO OF THE HEALTH SYSTEM AND VICE PRESIDENT FOR FINANCE AND TREASURER PRIOR TO MEETING WITH PWC AND THE ASSOCIATED COMPTROLLER TO DISCUSS AND FINALIZE THE FORM. A "FINAL" DRAFT COPY OF THE FEDERAL FORM 990 IS DISTRIBUTED ELECTRONICALLY TO THE AUDIT AND COMPLIANCE COMMITTEE APPROXIMATELY 6 WEEKS PRIOR TO THE FILING DEADLINE. A TELECONFERENCE IS ESTABLISHED WITHIN 3 WEEKS FROM THE DISTRIBUTION DATE TO DISCUSS QUESTIONS, CONCERNS AND ISSUES. ATTENDEES INCLUDE THE MEMBERS OF THE AUDIT AND COMPLIANCE COMMITTEE, ASSOCIATE VP FOR AUDIT, COMPLIANCE AND PRIVACY, AND THE ASSOCIATE COMPTROLLER. THE FINAL COPY OF THE FEDERAL FORM 990 IS POSTED TO THE TRUSTEES WEB SITE FOR DISTRIBUTION AND REVIEW TO ALL TRUSTEES PRIOR TO THE ACTUAL FILING DEADLINE.
CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION A, LINE 12C EACH COVERED PERSON* ANNUALLY SHALL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE PROVIDED BY THE UNIVERSITY AND SHALL UPDATE SUCH QUESTIONNAIRE PROMPTLY AS NECESSARY TO REFLECT CHANGES DURING THE COURSE OF THE YEAR. FORMER BOARD MEMBERS WHO ARE NOT TRUSTEES EMERITI ARE ENCOURAGED BUT NOT REQUIRED TO COMPLETE THE QUESTIONNAIRE DURING THE FIVE-YEAR PERIOD FOLLOWING COMPLETION OF THEIR TERMS. COMPLETED QUESTIONNAIRES SHALL BE RETURNED TO THE OFFICE OF THE SECRETARY AND SHALL BE SUBJECT TO REVIEW BY SUCH OFFICE AND THE OFFICE OF THE GENERAL COUNSEL, AS WELL AS BY ANY OUTSIDE LEGAL COUNSEL AND/OR AUDITORS WHO MAY BE APPOINTED TO ADVISE THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES APPOINTED TO OVERSEE THIS POLICY. COMPLETED QUESTIONNAIRES ALSO SHALL BE AVAILABLE FOR INSPECTION BY ANY BOARD MEMBER. *COVERED PERSONS INCLUDE: (1) VOTING MEMBERS OF THE BOARD OF TRUSTEES (INCLUDING CHARTER TRUSTEES, TERM TRUSTEES, ALUMNI TRUSTEES, AND COMMONWEALTH TRUSTEES); (2) TRUSTEES EMERITI WHO HAVE SERVED IN THAT CAPACITY FOR FIVE YEARS OR LESS; (3) OTHER FORMER VOTING TRUSTEES FOR A PERIOD OF FIVE YEARS FROM THE END OF THEIR TERM AS SUCH; (4) OFFICERS AS DEFINED IN THE STATUTES; (5) MEMBERS OF THE INVESTMENT BOARD; AND (5) KEY EMPLOYEES. EACH COVERED PERSON (EXCEPT FORMER BOARD MEMBERS WHO ARE NOT TRUSTEES EMERITI) SHALL BE REQUIRED TO ACKNOWLEDGE, NOT LESS THAN ANNUALLY, THAT HE OR SHE HAS READ AND IS IN COMPLIANCE WITH THIS POLICY.
COMPENSATION PROCESS FORM 990, PART VI, SECTION B, LINE 15 THE MEMBERSHIP OF THE COMPENSATION COMMITTEE CONSISTS OF AT LEAST 5 DISINTERESTED, VOTING MEMBERS OF THE BOARD OF THE TRUSTEES. THE COMMITTEE HAS THE AUTHORITY AND RESPONSIBILITY BOTH FOR PROVIDING OVERSIGHT AND REVIEW OF THE EXECUTIVE COMPENSATION PROCESS, OVERSIGHT AND REVIEW OF THE ACTUAL COMPENSATION DECISIONS, AND FOR REVIEWING ACTUAL AND PERCEIVED CONFLICT OF INTEREST TRANSACTIONS INVOLVING TRUSTEES AND STATUTORY OFFICERS ACCORDING TO GUIDELINES ESTABLISHED BY THE UNIVERSITY'S CONFLICT-OF-INTEREST POLICY AS ADOPTED BY THE BOARD OF TRUSTEES. THE COMMITTEE ADOPTS AND IMPLEMENTS EXECUTIVE COMPENSATION PRINCIPLES, AND IS ACCOUNTABLE FOR THE COMPENSATION AND BENEFITS ARRANGEMENTS OF THE PRESIDENT AND HER DIRECT REPORTS, THE STATUTORY OFFICERS, SENIOR ACADEMIC OFFICIALS, DEANS, OTHER KEY EMPLOYEES, AND ALL THOSE INDIVIDUALS WHO ARE POTENTIAL DISQUALIFIED PERSONS WITHIN THE MEANING OF THE INTERMEDIATE SANCTIONS LEGISLATION. THE COMMITTEE MAY PERIODICALLY REVIEW THE COMPENSATION AND BENEFITS OF OTHER HIGHLY COMPENSATED INDIVIDUALS, EVEN IF THEY ARE NOT DEEMED TO EXERCISE "SUBSTANTIAL INFLUENCE" OVER THE UNIVERSITY. THE COMPENSATION SUBCOMMITTEE (CREATED TO CONFORM TO CERTAIN PROCEDURES IN DOCUMENTING REASONABLE SALARIES FOR THE OFFICERS OF THE UNIVERSITY), MEETS AT LEAST TWICE A YEAR TO REVIEW APPROPRIATE DATA, INCLUDING COMPARABLE SALARIES, IN ORDER TO REPORT ITS CONCLUSIONS AND RECOMMENDATIONS ON OFFICERS' SALARIES FOR FINAL APPROVAL. THE COMPENSATION SUBCOMMITTEE ENGAGES AN INDEPENDENT THIRD PARTY TO SERVE AS A CONSULTANT.
DCOUMENTS AVAILABILITY TO PUBLIC FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS - OFFICIAL RECORDS GENERATED OR RECEIVED BY THE ADMINISTRATIVE AND ACADEMIC OFFICES OF THE UNIVERSITY IN THE CONDUCT OF THEIR BUSINESS ARE THE PROPERTY OF THE UNIVERSITY AND MAY BECOME ARCHIVAL MATERIAL. THE ARCHIVED RECORDS ARE AVAILABLE THROUGH THE UNIVERSITY ARCHIVES AND RECORDS CENTER WEB SITE HTTP://WWW.ARCHIVES.UPENN.EDU UNDER 'PRIMARY SOURCES'. CONFLICT OF INTEREST POLICES - POLICIES, STATEMENTS, AND GUIDELINES ARE AVAILABLE TO THE PUBLIC ON THE OFFICE OF THE AUDIT, COMPLIANCE, AND PRIVACY WEB SITE AT HTTP://WWW.UPENN.EDU/AUDIT/OACP UNDER PRINCIPLES OF RESPONSIBLE CONDUCT. FINANCIAL STATEMENTS - OUR ANNUAL REPORT IS PRODUCED BY THE OFFICE OF THE VICE PRESIDENT AND TREASURER IN CONJUNCTION WITH THE OFFICE OF THE COMPTROLLER AND INCLUDES THE UNIVERSITY'S AUDITED FINANCIAL STATEMENTS, SUMMARY OF ENDOWMENT PERFORMANCE, AND MESSAGES FROM EXECUTIVE MANAGEMENT. ANNUAL REPORTS ARE PUBLISHED AFTER THE CLOSE OF EACH FISCAL YEAR (JULY 1 TO JUNE 30) AND ARE AVAILABLE ON THE COMPTROLLER WEB SITE AT HTTP://WWW.FINANCE.UPENN.EDU/COMPTROLLER UNDER ANNUAL REPORTS.
DETAIL OF OFFICERS, DIRECTORS, TRUSTEES, ETC. FORM 990, PART VII, COLUMN (B) CERTAIN OFFICERS, DIRECTORS, TRUSTEES AND/OR KEY EMPLOYEES OF THE UNIVERSITY MAY ALSO DEVOTE TIME EACH WEEK TO RELATED ORGANIZATIONS. SEE THE SEPERATE ATTACHMENT FOR FORM 990, PART VII FOR FURTHER DETAILS.
DETAIL OF OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED GAIN/(LOSS) ON INVESTMENTS $(198,982,000) PENSION & OTHER POSTRETIREMENT PLAN ADJ. (418,991,000) ------------ $(617,973,000)
TAX-EXEMPT BONDS- ADDITIONAL CUSIP # INFORMATION FORM 990, SCHEDULE K, PART I, ROW A, ITEM (C) THE FOLLOWING IS AN ADDITIONAL CUSIP# FOR THE PA HIGHER ED FACILITIES AUTHORITY- SERIES A & B OF 2005- 70917NQ72 -------------------
TAX-EXEMPT BONDS- DESCRIPTION OF BOND ISSUES: ALLOCATION OF PROCEEDS FORM 990, SCHEDULE K, PART I A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2012 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725) AND TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY) REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE UPHS SERIES A 2012 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUSTANDING BALANCE WAS $29,961,602 FOR PENNSYLVANIA HOSPITAL AND $22,471,201 FOR PRESBYTERIAN MEDICAL CENTER AS OF JUNE 30, 2012. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A 2011 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725) AND TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), RELATED IRC SECTION 501(C)(3) ORGANIZATIONS. SINCE THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("UNIVERSITY) REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE UPHS SERIES A 2011 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUSTANDING BALANCE WAS $14,891,486 FOR PENNSYLVANIA HOSPITAL AND $14,891,486 FOR PRESBYTERIAN MEDICAL CENTER AS OF JUNE 30, 2012. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A OF 2008 BOND ISSUE HAS BEEN ALLOCATED TO PENNSYLVANIA HOSPITAL OF UPHS (EIN 31-1538725), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A OF 2008 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUSTANDING BALANCE FOR PENNSYLVANIA HOSPITAL WAS $20,264,823 AS OF JUNE 30, 2012. A PORTION OF THE PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A OF 2005 BOND ISSUE HAS BEEN ALLOCATED TO PRESBYTERIAN MEDICAL CENTER (EIN 23-2810852), A RELATED IRC SECTION 501(C)(3) ORGANIZATION. SINCE THE UNIVERSITY REMAINS AS THE PRIMARY OBLIGOR OF THE BOND, ALL INFORMATION REGARDING THE SERIES A OF 2005 BOND ISSUE HAS BEEN REPORTED ON THE FORM 990, SCHEDULE K OF THE UNIVERSITY. THE TOTAL ALLOCATED OUSTANDING BALANCE FOR PRESBYTERIAN MEDICAL CENTER WAS $28,993,344 AS OF JUNE 30, 2012. -------------------
TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PROCEEDS OF ISSUES FORM 990, SCHEDULE K, PART II, LINE 3 FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2009, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $173,732 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES AUTHORITY- SERIES A 2011, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $5,086 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES B 2005, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $1,165,427 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2011, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $297 IN TOTAL INVESTMENT EARNINGS. FOR PA HIGHER ED FACILITIES ATHRTY- UPHS SERIES A 2012, THE TOTAL PROCEEDS OF ISSUE REPORTED INCLUDES $1,541 IN TOTAL INVESTMENT EARNINGS. -------------------
TAX-EXEMPT BONDS- ADDITIONAL DETAIL FOR PRIVATE BUSINESS USE PERCENTAGES FORM 990, SCHEDULE K, PART III FOR THE PA HIGHER ED FACILITIES AUTHORITY- UPHS SERIES A OF 2012, SERIES A OF 2011, UPHS SERIES A OF 2011, SERIES A OF 2009, AND UPHS SERIES A OF 2008, THE UNIVERSITY HAS SPECIFICALLY ALLOCATED EQUITY TO ALL SOURCES OF PRIVATE BUSINESS USE, WITH THE EXCEPTION OF ISSUANCE COSTS, WITHIN THE REQUIRED TIME FRAME. AS SUCH, THE UNIVERSITY HAS REPORTED NO PRIVATE BUSINESS USE FOR THESE BOND SERIES ON FORM 990, SCHEDULE K, PART III, LINES 4 AND 5.
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CRAIG CARNAROLI TITLE:EXECUTIVE VICE PRESIDENT HOURS:1
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:STEPHEN GOLDING TITLE:VP FINANCE AND TREASURER HOURS:3
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ANNE PAPAGEORGE TITLE:VP FACILITIES AND REAL ESTATE HOURS:4
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:VINCENT PRICE TITLE:PROVOST HOURS:1
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:GREGORY ROST TITLE:VP AND CHIEF OF STAFF HOURS:1
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:MAUREEN RUSH TITLE:VP PUBLIC SAFETY HOURS:2
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:WENDY WHITE TITLE:SR VP AND GENERAL COUNSEL HOURS:2
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:PATRICK BRENNAN TITLE:SR VP & CHIEF MEDICAL OFFICER HOURS:1
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:MICHAEL DANDORPH TITLE:SR VP BUSINESS DEVELOPMENT HOURS:1
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ELIZABETH JOHNSTON TITLE:EXECUTIVE DIRECTOR CPUP HOURS:2
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:KEITH KASPER TITLE:CFO, UPHS HOURS:22
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:KEVIN MAHONEY TITLE:SENIOR VP, CHIEF ADMIN OFFICER HOURS:5
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:RALPH MULLER TITLE:CEO, UPHS HOURS:6
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:PETER QUINN TITLE:SR VP, VICE DEAN, PROF SERVICE HOURS:2
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:GARRY SCHEIB TITLE:COO UPHS HOURS:6
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2011

Additional Data


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

OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
 
Employer identification number

23-1352685
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

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


 		(f)
Direct controlling
entity







(1) RA CITRUS-HEIGHT REMAINDERCO LLC
6162 SAN JUAN AVE
CITRUS HEIGHTS,CA95610
13-4018559 		REMAINDER CA 0 0 NA
 
(2) RA FLINT REMAINDERCO LLC
5014 CLIO ROAD
FLINT,MI48501
13-4018594 		REMAINDER MI 0 0 NA
 
(3) RA GIBBSTOWN REMAINDERCO LLC
380 HARMONY ROAD
GIBBSTOWN,NJ08027
23-1352685 		REMAINDER NJ 0 0 NA
 
(4) RA BLYTHE REMAINDERCO LLC
890 E HOBSON WAY
BLYTHE,CA92225
23-1352685 		REMAINDER CA 0 0 NA
 
(5) RA CLAREMONT REMAINDERCO LLC
45-99 WASHINGTON STREET
CLAREMONT,NH03743
23-1352685 		REMAINDER NH 0 0 NA
 
(6) RA03 NEW OXFORD REMAINDERCO LLC
5675 YORK ROAD
NEW OXFORD,PA17350
23-1352685 		REMAINDER PA 0 0 NA
 
(7) UNIV OF PENN USA FOUNDATION LTD
19 NORCOTT ROAD
LONDON,ENGLANDN167EJ
UK
98-0387770 		CHARITY UK -260,188 448,233 TRUSTEES
 
(8) LEARNING ALLIANCE LLC
1398 WLIMINGTON PIKE
WEST CHESTER,PA19383
56-2351966 		EDUCATIONAL PA -107,146 2,318,406 TRUSTEES
 
Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

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

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No
(1) ABRAMSON INSTITUTE

1086 PENLLYN BLUE BELL PIKE

BLUE BELL,PA19422
23-2929823 		MED RESEARCH PA 501(c)(3) 4 NA
 
 
No
(2) CLINICAL CARE ASSOCIATES OF UPHS

250 KING OF PRUSSIA RD 4TH FL

RADNOR,PA19087
23-2729852 		HEALTHCARE PA 501(c)(3) 9 TRUSTEES
 
Yes
 
(3) UNIVERSITY CLUB AT PENN INC

3611 WALNUT STREET

PHILADELPHIA,PA19104
23-6299508 		FAC. CLUB PA 501(c)(3) 11, A TRUSTEES
 
 
No
(4) FRANKLIN SPECIALTY PHYSICIANS

3451 WALNUT STREET

PHILADELPHIA,PA19104
23-2992715 		SUPPORT ORG PA 501(c)(3) 11, B PA HOSPITAL
 
Yes
 
(5) HALL MERCER HOSPITAL

1735 MARKET STREET

PHILADELPHIA,PA19103
23-6002383 		SUPPORT ORG PA 501(c)(3) 11, A NA
 
 
No
(6) OAP INC

3451 WALNUT STREET ROOM 329

PHILADELPHIA,PA19104
23-1986931 		SUPPORT ORG PA 501(c)(3) 11, A TRUSTEES
 
Yes
 
(7) P2B VENTURES INC

3535 MARKET STREET

PHILADELPHIA,PA19104
23-3069744 		SUPPORT ORG PA 501(c)(3) 11, A TRUSTEES
 
Yes
 
(8) PENN CENTER FOR REHAB AND CARE

3609 CHESTNUT STREET

PHILADELPHIA,PA19104
23-2422635 		HEALTHCARE PA 501(c)(3) 3 PMC
 
Yes
 
(9) PENN CLUB OF NEW YORK INC

30 WEST 44TH STREET

NEW YORK,NY10036
23-2726687 		CLUB NY 501(c)(3) N/A NA
 
 
No
(10) PENN PRAXIS INC

210 SOUTH 34TH STREET

PHILADELPHIA,PA19104
75-2974931 		SUPPORT ORG PA 501(c)(3) 11, A TRUSTEES
 
Yes
 
(11) PENN PRESS INC

3905 SPRUCE STREET

PHILADELPHIA,PA19107
23-1876142 		PUBLISHING PA 501(c)(3) 11, A TRUSTEES
 
Yes
 
(12) PENNSYLVANIA HOSPITAL OF UPHS

800 SPRUCE STREET

PHILADELPHIA,PA19107
31-1538725 		HEALTHCARE PA 501(c)(3) 3 TRUSTEES
 
Yes
 
(13) PGH DEVELOPMENT CORP

426 CURIE BLVD

PHILADELPHIA,PA19104
23-2351015 		SUPPORT ORG PA 501(c)(3) 11, A NA
 
 
No
(14) PHOENIXVILLE HOSPITAL OF UPHS

3001 MARKET STREET 3RD FLOOR

PHILADELPHIA,PA19104
23-2901089 		SUPPORT ORG PA 501(c)(3) 11, B TRUSTEES
 
Yes
 
(15) PRESBYTERIAN ANESTHESIOLOGY FOUNDATION

51 NORTH 39TH STREET

PHILADELPHIA,PA19104
23-2561573 		SUPPORT ORG PA 501(c)(3) 11, B PMC
 
Yes
 
(16) PRESBYTERIAN MEDICAL CENTER OF UPHS

51 NORTH 39TH STREET

PHILADELPHIA,PA19104
23-2810852 		HEALTHCARE PA 501(c)(3) 3 TRUSTEES
 
Yes
 
(17) PRESBYTERIAN MULTI-SPECIALTY GROUP

51 NORTH 39TH STREET

PHILADELPHIA,PA19104
23-2723154 		HEALTHCARE PA 501(c)(3) 3 PMC
 
Yes
 
(18) PRESBYTERIAN PERSONAL CARE RESIDENCE

51 NORTH 39TH STREET

PHILADELPHIA,PA19104
23-2294713 		HEALTHCARE PA 501(c)(3) 3 PMC
 
Yes
 
(19) SAY YES TO EDUCATION FOUNDATION

3451 WALNUT STREET ROOM 329

PHILADELPHIA,PA19104
22-2883885 		EDU SUPPORT PA 501(c)(3) 11, C TRUSTEES
 
Yes
 
(20) SS HUEBNER FOUNDATION FOR INSURANCE EDUC

3000 STEINBERG HALL

PHILADELPHIA,PA19104
23-6297325 		EDU SUPPORT PA 501(c)(3) 11, A NA
 
 
No
(21) UNIVERSITY CITY ASSOCIATES INC

3451 WALNUT STREET ROOM 329

PHILADELPHIA,PA19104
23-3021159 		SUPPORT ORG PA 501(c)(3) 11, A TRUSTEES
 
Yes
 
(22) UPENN RETIREE BENEFITS TRUST

3451 WALNUT STREET ROOM 329

PHILADELPHIA,PA19104
23-2769744 		BENEFITS PA 501(c)(3) 11, A TRUSTEES
 
Yes
 
(23) WISSAHICKON HOSPICE OF UPHS

150 MONUMENT ROAD SUITE 300

BALA CYNWYD,PA19004
23-2152662 		HOSPICE CARE PA 501(c)(3) 9 TRUSTEES
 
Yes
 
(24) WOMEN'S AND CHILDREN'S HEALTH SERVICES

700 SPRUCE STREET

PHILADELPHIA,PA19106
23-2248956 		HEALTHCARE PA 501(c)(3) 3 PA HOSPITAL
 
Yes
 
(25) THE ASC TRUST OF THE UNIV OF PA

1500 MARKET ST STE 3500E

PHILADELPHIA,PA19102
81-0550464 		SUPPORT ORG PA 501(c)(3) 11 (D) NA
 
 
No
(26) UPENN INTERNATIONAL

3451 WALNUT STREET SUITE 731

PHILADELPHIA,PA19104
45-4985731 		SUPPORT ORG PA 501(c)(3) 11, A TRUSTEES
 
Yes
 
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



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

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




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



 		(k)
Percentage
ownership
Yes No Yes No
(1) NEIGHBRHD PRES & DEV FUND LP

240 NEW YORK DR STE 1
FORT WASHINGTON,PA19034
23-3037919 		RENTAL PA UCA
  		INVESTMENT                












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) CLINICAL HEALTH CARE ASSOC
250 KING OF PRUSSIA ROAD 4TH FLOOR
RADNOR,PA190875220
23-2865181 		PHYS MGMT PA CCA
  		CORPORATION      
(2) DELANCEY CORPORATION
510 Walnut Street Suite 420
Philadelphia,PA19106
23-2060159 		Rental PA PA HOSPITAL
  		CORPORATION      
(3) FRANKLIN CASUALTY INSURANCE CO
PO Box 350
Burlington,VT054020530
04-3378984 		Insurance VT TRUSTEES
  		CORPORATION      
(4) PENN TOWER HOTEL INC
3401 Walnut Street Suite 440A
Philadelphia,PA19104
23-2812573 		HOTEL/RESTAURANT PA TRUSTEES
  		CORPORATION 2,597,176 16,446,360 100.000 %
(5) PRESBYTERIAN MEDICAL SERVICES
39TH AND MARKET STREET
PHILADELPHIA,PA19104
23-2307991 		HEALTHCARE PA PMC
  		CORPORATION      
(6) QUAKER INSURANCE COMPANY LTD
3451 WALNUT ST ROOM 329
PHILADELPHIA,PA19104
30-0708282 		SELF-INSURANCE BD TRUSTEES
  		CORPORATION -2,902,871 152,370,680 100.000 %
(7) CHARITABLE REMAINDER TRUSTS (70)
 
 
N/A PA NA
  		REMAINDER TRUST      
(8) UNIV OF PENN (HK) FOUNDATION LIMITED
ROOM 8 7/F WAH CENTRE 191 JAVA RD
HONG KONG    
HK
98-1062727 		CHARITY HK TRUSTEES
  		CORPORATION 0 0 100.000 %
Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
Yes
 
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
Yes
 
k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
Yes
 
q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
Yes
 
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) CLINICAL CARE ASSOCIATES

 R 8,996,960 FMV
(2) FRANKLIN CASUALTY INSURANCE CO

 Q 43,107,000 FMV
(3) PENN PRAXIS INC

 N,Q 1,136,327 FMV
(4) PENN TOWER HOTEL INC

 A 1,500,000 FMV
(5) PENNSYLVANIA HOSPITAL OF UPHS

 J,N,O 26,550,050 FMV
(6) PRESBYTERIAN MEDICAL CENTER OF UPHS

 J,N,O 36,968,112 FMV
(7) UPENN RETIREE BENEFITS TRUST

 B 26,554,885 FMV
(8) WISSAHICKON HOSPICE OF UPHS

 N,O,Q 3,338,420 FMV
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
DETAIL OF LEGAL DOMICLES FOR CHARITABLE REMAINDER TRUSTS FORM 990, SCHEDULE R, PART IV, LINE 4 AS OF JUNE 30, 2012, THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA HELD INTERESTS IN 3 CHARITABLE REMAINDER TRUST IN FLORIDA, 1 CHARITABLE REMAINDER TRUSTS IN NEW YORK AND 66 CHARITABLE REMAINDER TRUSTS IN PENNSYLVANIA WHERE THE UNIVERSITY HAD MORE THAN 50% OF THE BENEFICIAL INTERESTS IN THE TRUST.
Additional Data


Software ID:  
Software Version: