TY 2013 Form 990

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)
(1) DREW GILPIN FAUST........................................................................ PRESIDENT	60.00 .......................2.00	X	X	784,533	327,616
(2) JAMES F ROTHENBERG........................................................................ TREASURER	10.00 .......................6.00	X	X	0	0
(3) JAMES W BREYER........................................................................ FELLOW (BEGAN 07/2013)	5.00 .......................1.00	X		0	0
(4) JESSICA T MATHEWS........................................................................ FELLOW	5.00 .......................1.00	X		0	0
(5) JOSEPH J O'DONNELL........................................................................ FELLOW	5.00 .......................3.00	X		0	0
(6) LAWRENCE S BACOW........................................................................ FELLOW; VISITING PROFESSOR	10.00 .......................1.00	X		33,559	6,600
(7) NANNERL O KEOHANE........................................................................ FELLOW	5.00 .......................1.00	X		0	0
(8) PAUL J FINNEGAN........................................................................ FELLOW	5.00 .......................2.00	X		0	0
(9) ROBERT D REISCHAUER........................................................................ FELLOW	5.00 .......................1.00	X		0	0
(10) ROBERT E RUBIN........................................................................ FELLOW	5.00 .......................1.00	X		0	0
(11) SUSAN L GRAHAM........................................................................ FELLOW	5.00 .......................1.00	X		0	0
(12) THEODORE V WELLS JR........................................................................ FELLOW	5.00 .......................1.00	X		0	0
(13) WILLIAM F LEE........................................................................ FELLOW	5.00 .......................1.00	X		0	0
(14) ALAN M GARBER........................................................................ PROVOST	60.00 .......................1.00		X	622,341	186,002
(15) ANNE H MARGULIES........................................................................ V.P. AND C.I.O.	60.00 .......................1.00		X	355,607	55,643
(16) CHRISTINE M HEENAN........................................................................ V.P. GOVT COMM & PUB AFFAIRS	60.00 .......................0		X	386,028	55,356
(17) DANIEL S SHORE........................................................................ V.P. FINANCE AND C.F.O.	60.00 .......................2.00		X	385,891	54,529

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(18) KATHERINE N LAPP........................................................................ EXECUTIVE VICE PRESIDENT	60.00 .......................3.50	X				615,753	42,202
(19) LEAH ROSOVSKY........................................................................ V.P. STRATEGY AND PROGRAMS	60.00 .......................0	X				305,850	44,386
(20) LISA HOGARTY........................................................................ V.P. CAMPUS SERVICES (UNTIL 11/2013)	60.00 .......................9.00	X				378,325	45,259
(21) MARC L GOODHEART........................................................................ V.P. AND UNIV SECRETARY	60.00 .......................1.00	X				330,627	55,262
(22) MARILYN M HAUSAMMANN........................................................................ V.P. HUMAN RESOURCES	60.00 .......................0	X				364,725	52,965
(23) MARK R JOHNSON........................................................................ V.P. CAMPUS PLANNING	60.00 .......................0	X				288,175	41,089
(24) ROBERT W IULIANO........................................................................ SENIOR V.P. AND GENERAL COUNSEL	60.00 .......................0	X				501,536	55,629
(25) SARAH E THOMAS........................................................................ V.P. HARVARD LIBRARY (BEGAN 8/2013)	60.00 .......................0	X				115,894	15,216
(26) TAMARA ELLIOTT ROGERS........................................................................ V.P. ALUMNI AFFAIRS & DEV	60.00 .......................1.00	X				380,503	52,424
(27) JEFFREY S FLIER........................................................................ DEAN, FACULTY OF MEDICINE	60.00 .......................4.25		X			603,542	52,815
(28) MICHAEL D SMITH........................................................................ DEAN, FACULTY OF ARTS & SCIENCES	60.00 .......................0		X			494,801	91,502
(29) NITIN NOHRIA........................................................................ DEAN, FACULTY OF BUSINESS	60.00 .......................0		X			552,501	144,302
(30) DAVID D GINTY........................................................................ PROFESSOR	60.00 .......................0			X		1,221,663	0
(31) JULIO FRENK........................................................................ DEAN, FACULTY OF PUBLIC HEALTH	60.00 .......................0			X		574,301	55,736
(32) KRISHNA G PALEPU........................................................................ PROFESSOR	60.00 .......................0			X		603,269	60,146
(33) PAUL M HEALY........................................................................ PROFESSOR	60.00 .......................2.00			X		559,626	53,767
(34) WILLIAM W CHIN........................................................................ PROFESSOR	60.00 .......................0			X		698,472	41,791
(35) STEVEN E HYMAN........................................................................ PROFESSOR; FORMER PROVOST	60.00 .......................0				X	423,117	37,089

(A) Name and business address	(B) Description of services	(C) Compensation
SKANSKA USA BUILDING INC253 SUMMER STREETBOSTONMA02210	CONTRACTOR	80,376,332
BOND BROTHERS INC145 SPRING STREETEVERETTMA02149	CONTRACTOR	71,475,783
DIMEO CONSTRUCTION COMPANY54 CANAL STREETBOSTONMA02114	CONTRACTOR	57,678,465
SHAWMUT DESIGN AND CONSTRUCTION560 HARRISON AVENUEBOSTONMA02118	CONTRACTOR	46,250,663
BRIGHAM AND WOMEN'S HOSPITAL75 FRANCIS STREETBOSTONMA02115	RESEARCH SUBCONTRACTOR	38,332,917
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 1,200

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	124,845,416	124,845,416
2	Grants and other assistance to individuals in the United States. See Part IV, line 22	501,363,115	501,363,115
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16	25,185,972	25,185,972
4	Benefits paid to or for members	0	0
5	Compensation of current officers, directors, trustees, and key employees ....	8,478,834	209,849	7,243,108	1,025,877
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	1,299,090	1,155,602	120,478	23,010
7	Other salaries and wages	1,539,110,445	1,370,577,475	103,067,725	65,465,245
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	172,488,834	153,601,264	11,550,849	7,336,721
9	Other employee benefits .......	233,939,078	208,322,692	15,665,912	9,950,474
10	Payroll taxes ...........	96,522,838	85,953,563	6,463,727	4,105,548
11	Fees for services (non-employees):
a	Management ......	31,823,485	28,534,399	2,828,213	460,873
b	Legal .........	13,046,228	1,307,008	11,140,688	598,532
c	Accounting ...........	2,173,846	399,684	1,747,602	26,560
d	Lobbying ...........	490,997	490,997	0	0
e	Professional fundraising services. See Part IV, line 17	359,511			359,511
f	Investment management fees ......	177,360,082	0	177,360,082	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........	284,608,157	247,492,379	25,245,691	11,870,087
12	Advertising and promotion ....	16,204,293	15,392,406	185,050	626,837
13	Office expenses .......	193,911,742	183,380,007	5,680,565	4,851,170
14	Information technology ......	103,338,914	90,453,257	8,868,928	4,016,729
15	Royalties ..	6,064,630	6,035,091	761	28,778
16	Occupancy ...........	250,264,103	213,884,482	25,344,893	11,034,728
17	Travel ............	80,176,436	73,755,365	1,129,903	5,291,168
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......	3,114	3,114	0	0
19	Conferences, conventions, and meetings ....	53,511,148	42,147,543	3,628,959	7,734,646
20	Interest ...........	249,531,761	226,589,393	12,690,032	10,252,336
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization .....	283,066,783	254,556,222	16,305,583	12,204,978
23	Insurance ..............	12,706,948	7,390,747	4,849,661	466,540
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PAYMENTS TO ANNUITANTS	61,249,091	61,249,091	0	0
b	BOOKS/PUBLICATIONS	42,003,547	41,497,587	286,420	219,540
c	PUBLISHING	22,555,587	17,371,149	1,207,227	3,977,211
d	TAXES AND FEES	16,547,674	14,043,529	1,799,964	704,181
e	All other expenses	65,765,561	56,182,321	4,704,370	4,878,870
25	Total functional expenses. Add lines 1 through 24e	4,669,997,260	4,053,370,719	449,116,391	167,510,150
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 if following SOP 98-2 (ASC 958-720).	0

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	17,620,000	1	33,985,000
2	Savings and temporary cash investments .........	10,033,000	2	10,061,000
3	Pledges and grants receivable, net ...........	1,323,401,000	3	1,589,999,000
4	Accounts receivable, net .............	58,595,000	4	102,527,000
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
		3,929,000	5	2,015,000
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
		0	6	0
7	Notes and loans receivable, net .............	361,553,000	7	373,763,000
8	Inventories for sale or use ..............	8,672,000	8	7,482,000
9	Prepaid expenses and deferred charges ..........	138,085,000	9	133,251,000
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	9,525,790,000
b	Less: accumulated depreciation .....	10b	3,827,058,000	5,547,759,000	10c	5,698,732,000
11	Investments—publicly traded securities ..........	31,994,262,000	11	30,597,496,000
12	Investments—other securities. See Part IV, line 11 .....	17,044,319,000	12	18,993,598,000
13	Investments—program-related. See Part IV, line 11 .....	0	13	0
14	Intangible assets ...............		14
15	Other assets. See Part IV, line 11 ...........	16,255,391,000	15	10,569,404,000
16	Total assets. Add lines 1 through 15 (must equal line 34)......	72,763,619,000	16	68,112,313,000
	17	Accounts payable and accrued expenses .........	446,037,000	17	461,005,000
18	Grants payable .................		18
19	Deferred revenue ................	165,974,000	19	176,847,000
20	Tax-exempt bond liabilities .............	3,317,255,000	20	3,298,658,000
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Loans and other 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 ..		23
24	Unsecured notes and loans payable to unrelated third parties ....	2,370,752,000	24	2,320,532,000
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....................	28,724,424,000	25	19,643,973,000
26	Total liabilities. Add lines 17 through 25.........	35,024,442,000	26	25,901,015,000
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	8,154,128,000	27	9,166,686,000
28	Temporarily restricted net assets ...........	23,132,078,000	28	25,850,724,000
29	Permanently restricted net assets ...........	6,452,971,000	29	7,193,888,000
	Organizations that do not follow SFAS 117 (ASC 958), check here 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 ...........	37,739,177,000	33	42,211,298,000
34	Total liabilities and net assets/fund balances ........	72,763,619,000	34	68,112,313,000

- TIN:

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.

Attach to Form 990 or Form 990-EZ. right arrow

See separate instructions.
right arrow

Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

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.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

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.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box that describes the type of supporting organization and complete lines 11e through 11h.

Type I

Type II

Type III - Functionally integrated

Type III - Non-functionally integrated

By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).

If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supporting organization, check this box ..................................................

Since August 17, 2006, has the organization accepted any gift or contribution from any of the
following persons?

(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)

Yes

and (iii) below, the governing body of 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)

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(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 monetary support
(i) Name of supported organization	(ii) EIN	Yes	No	Yes	No	Yes	No	(vii) Amount of monetary support


Total

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2013

Page 2

Part II

Support Schedule for Organizations Described in Sections 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) 2009	(b) 2010	(c) 2011	(d) 2012	(e) 2013	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....	1,271,005,605	1,388,387,596	1,543,769,248	1,856,072,877	2,174,337,778	8,233,573,104
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......						0
3	The value of services or facilities furnished by a governmental unit to the organization without charge..						0
4	Total. Add lines 1 through 3	1,271,005,605	1,388,387,596	1,543,769,248	1,856,072,877	2,174,337,778	8,233,573,104
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)..						0
6	Public support. Subtract line 5 from line 4.						8,233,573,104

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2009	(b) 2010	(c) 2011	(d) 2012	(e) 2013	(f) Total
7	Amounts from line 4..	1,271,005,605	1,388,387,596	1,543,769,248	1,856,072,877	2,174,337,778	8,233,573,104
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	501,590,353	462,553,594	416,906,214	420,190,320	592,263,720	2,393,504,201
9	Net income from unrelated business activities, whether or not the business is regularly carried on..	0	0	724,422	376,074	333,008	1,433,504
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..	46,469,605	104,754,394	108,541,204	111,799,641	107,250,537	478,815,381
11	Total support (Add lines 7 through 10).						11,107,326,190

Gross receipts from related activities, etc. (see instructions) ..................

6,215,946,032

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2013 (line 6, column (f) divided by line 11, column (f)) .........

74.120 %

Public support percentage for 2012 Schedule A, Part II, line 14 ...............

73.220 %

16a

33 1/3% support test—2013. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2012. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2013. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2012. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2013

Page 3

Part III

Support Schedule for Organizations Described in Section 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) 2009	(b) 2010	(c) 2011	(d) 2012	(e) 2013	(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) 2009	(b) 2010	(c) 2011	(d) 2012	(e) 2013	(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.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2013 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2012 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2013 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2012 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2013. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ........ right arrow

33 1/3% support tests—2012. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions ..... right arrow

Schedule A (Form 990 or 990-EZ) 2013

Page 4

Part IV

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and 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) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Name of the organization

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

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

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II.

Special Rules

For a section 501(c)(3) organization filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi) and received from any one contributor, during the year, a contribution of the
greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 for use exclusively for religious, charitable,
scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and
III.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did
not total more than $1,000. If this box is checked, enter here the total contributions that were received during
the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule
applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more
during the year ......................... 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 its Form 990PF, Part I, line 2, 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) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Page 2

Name of organization PRESIDENT AND FELLOWS OF HARVARD COLLEGE

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, RESTRICTEDRESTRICTED	$RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Page 3

Name of organization PRESIDENT AND FELLOWS OF HARVARD COLLEGE

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) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Page 4

Name of organization
PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

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

(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

(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

(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

(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) (2013)

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

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. SchCMd Bullet

Information about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

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, Part V, line 35c (Proxy Tax), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV.

Political expenditures .................................... SchCMd Bullet

Volunteer hours ........................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ......... SchCMd Bullet

Enter the amount of any excise tax incurred by organization managers under section 4955 ...... SchCMd Bullet

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............

Yes No

Was a correction made? .........................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ................................... SchCMd Bullet

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

Did the filing organization file Form 1120-POL for this year? ..........................

Yes No

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 Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.

Cat. No. 50084S

Schedule C (Form 990 or 990-EZ) 2013

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 SchCMd Bullet

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(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? ......................................	Yes No

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) 2010	(b) 2011	(c) 2012	(d) 2013	(e) Total

2a	Lobbying nontaxable 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) 2013

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

(b)

Amount

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:

Volunteers? .........................................

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....

Yes

Media advertisements? ....................................

Mailings to members, legislators, or the public? .........................

Yes

200

Publications, or published or broadcast statements? .......................

Yes

38,000

Grants to other organizations for lobbying purposes? .......................

Yes

207,273

Direct contact with legislators, their staffs, government officials, or a legislative body? ........

Yes

245,524

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......

Other activities? ..........................

Yes

Total. Add lines 1c through 1i ...............................

490,997

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 .................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....

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

Were substantially all (90% or more) dues received nondeductible by members? ................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ................

Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........

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."

Dues, assessments and similar amounts from members .....................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).

Current year .........................................

Carryover from last year ....................................

Total ............................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

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? ................................

Taxable amount of lobbying and political expenditures (see instructions) ..............

Part IV

Supplemental Information

Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, line 2; and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation
SCHEDULE C, PART I-A, POLITICAL CAMPAIGN ACTIVITIES	THE UNIVERSITY DOES NOT ENGAGE IN DIRECT OR INDIRECT POLITICAL CAMPAIGN ACTIVITIES ON BEHALF OF OR IN OPPOSITION TO CANDIDATES FOR PUBLIC OFFICE. THEREFORE, THE UNIVERSITY DOES NOT INCUR ANY EXCISE TAX IMPOSED UNDER SECTION 4955 REPORTABLE ON IRS FORM 4720, RETURN OF CERTAIN EXCISE TAXES UNDER CHAPTERS 41 AND 42 OF THE INTERNAL REVENUE CODE.
SCHEDULE C, PART II-B, LOBBYING ACTIVITY	THE UNIVERSITY ENGAGED IN LOBBYING ACTIVITIES BUT DID NOT MAKE A SECTION 501(H) LOBBYING EXPENDITURE ELECTION BY FILING FORM 5768. THE UNIVERSITY HAS ENGAGED IN DIRECT INTERACTION WITH LEGISLATORS AND STAFF BY TELEPHONE, EMAIL, DIRECT MAIL AND IN PERSON. LOBBYING DISCLOSURES FOR FORM 990 JULY 1, 2013 THROUGH JUNE 30, 2014: ISSUES LOBBIED AT THE FEDERAL LEVEL INCLUDE: -ISSUES RELATED TO EXPANSION AND SIMPLIFICATION OF THE TUITION TAX CREDITS AND DEDUCTIONS, EXTENSION OF IRA CHARITABLE ROLL-OVER PROVISION AND RELATED CHARITABLE GIVING INCENTIVES -ISSUES REGARDING TAX ADMINISTRATION, EMPLOYEE BENEFITS AND HEALTH CARE REFORM -ISSUES RELATED TO COLLEGE AND UNIVERSITY ENDOWMENTS -BUDGET AND APPROPRIATIONS FOR STUDENT FINANCIAL AID, RESEARCH IN NIH, NSF, DOD, DOE, NASA, EPA, HUD, TRANSPORTATION, INTERIOR, HEALTH PROFESSIONS, HUMANITIES AND ARTS ENDOWMENTS -IMMIGRATION LEGISLATION AND STUDENT VISA ISSUES -STUDENT LENDING ISSUES, SPECIFICALLY HEA REAUTHORIZATION, DIRECT LENDING, PELL GRANT FUNDING, STAFFORD LOANS, COLLEGE COST, ACCOUNTABILITY, DISCLOSURES, STEM EDUCATION, PERKINS LOANS, GRADUATE EDUCATION, INTERNATIONAL EDUCATION, AND VETERANS AND MILITARY EDUCATION ISSUES -LEGISLATION CONCERNING MUSEUMS AND HUMANITIES ISSUES -LEGISLATION RELATING TO RESEARCH AND CLEAN ENERGY ISSUES -LEGISLATION CONCERNING THE DATA ACT, HIGH QUALITY RESEARCH ACT, NASA AUTHORIZATION, REVIEW OF GRANTS ADMINISTRATION REFORM, THE FIRST ACT, THE EINSTEIN ACT, THE SECRET SCIENCE REFORM ACT OF 2014 AND COMPETES ACT REAUTHORIZATION -ISSUES RELATED TO THE PATENT TRANSPARENCY AND IMPROVEMENT ACT OF 2013 ISSUES LOBBIED FOR THE STATE OF MASSACHUSETTS -ISSUES RELATED TO TAX POLICY REGARDING NON-PROFITS -ISSUES RELATED TO PRIVATE HIGHER EDUCATION ENDOWMENT FUNDS -ISSUES RELATED TO MUNICIPAL RELIEF FUNDS -ISSUES RELATED TO REPORTING REQUIREMENTS FOR NON-PROFITS
Schedule C, Part II-B, Line 1, Description of the activities reported on Lines 1a through 1i	THE UNIVERSITY PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES.

Schedule C (Form 990 or 990EZ) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

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. SchDMd Bullet

Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

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
1	Total number at end of year .........	35
2	Aggregate contributions to (during year) ...	16,624,630
3	Aggregate grants from (during year) .....	15,847,809
4	Aggregate value at end of year ........	198,560,221

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? ............

Yes No

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? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

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.


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

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................

Yes No

In Part XIII, 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.

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 XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenues included in Form 990, Part VIII, line 1 ........................ SchDMd Bullet

(ii)

Assets included in Form 990, Part X .............................. SchDMd Bullet

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:

Revenues included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2013

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

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?........

Yes No

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.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIII and complete the following table:

			Amount
c	Beginning balance .................................	1c	0
d	Additions during the year ..............................	1d	11,087,044
e	Distributions during the year .............................	1e	11,087,044
f	Ending balance ...................................	1f	0

Did the organization include an amount on Form 990, Part X, line 21? .....................

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........

Part V

Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....	31,627,772,000	29,733,245,000	30,974,930,000	26,768,706,000	25,279,430,000
b	Contributions ........	736,006,000	320,079,000	305,850,000	223,000,000	284,812,000
c	Net investment earnings, gains, and losses	4,529,290,000	3,159,164,000	708,000	5,374,404,000	3,312,945,000
d	Grants or scholarships .....	253,540,000	242,576,000	239,374,000	216,754,000	215,812,000
e	Other expenditures for facilities and programs ........	1,192,682,000	1,168,178,000	1,172,548,000	1,035,938,000	1,751,538,000
f	Administrative expenses ....	186,925,000	173,962,000	136,321,000	138,488,000	141,131,000
g	End of year balance ......	35,259,921,000	31,627,772,000	29,733,245,000	30,974,930,000	26,768,706,000

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

16.800 %

Permanent endowment SchDMd Bullet

18.700 %

Temporarily restricted endowment SchDMd Bullet

64.500 %

The percentages in lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

Yes

(ii) related organizations ........................

3a(ii)

Yes

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Yes

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. 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 .................		538,256,000		538,256,000
b	Buildings ................		7,127,237,000	3,010,904,000	4,116,333,000
c	Leasehold improvements ............		148,127,000		148,127,000
d	Equipment ................		1,053,555,000	816,154,000	237,401,000
e	Other .................	9,455,000	649,160,000		658,615,000
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......					5,698,732,000

Schedule D (Form 990) 2013

Page 3

Part VII

InvestmentsOther Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. 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	0
(2)Closely-held equity interests	0
(3)Other (A) PRIVATE EQUITIES	7,413,804,000	F
(B) REAL ASSETS	11,579,794,000	F







Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	18,993,598,000

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment		(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.)

Part IX

Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value
(1) COLLATERAL ADVANCED UNDER SECURITY BORROWING AGREEMENTS				7,073,759,000
(2) INVESTMENT IN TRUSTS HELD BY OTHERS				376,526,000
(3) OTHER INVESTMENTS				3,119,119,000






Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				10,569,404,000

Part X

Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability		(b) Book value
Federal income taxes		0
SECURITIES LENDING/ OTHER INVESTMENT LIABILITIES		17,608,530,000
GOVERNMENT LOAN ADVANCES		68,863,000
LIABILITIES UNDER SPLIT INTEREST AGREEMENTS		758,991,000
DEPOSITS AND OTHER LIABILITIES		281,097,000
ACCRUED RETIREMENT OBLIGATIONS		837,361,000
DUE TO CONSOLIDATED ORGANIZATIONS		89,131,000



Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		19,643,973,000
2. Liability for uncertain tax positions In Part XIII, 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 (ASC 740). Check here if the text of the footnote has been provided in Part XIII ..................................................

Schedule D (Form 990) 2013

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
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 XIII.) ............	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 XIII.) ...........	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 XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
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 XIII.) ............	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 XIII.) ............	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 XIII

Supplemental Information

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, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
Schedule D, Part III, Line 1a, Collections of art - financial statement footnote	THE UNIVERSITY'S VAST ARRAY OF MUSEUMS AND LIBRARIES HOUSES PRICELESS WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS, AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICE. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES.
Schedule D, Part III, Line 4, Collections of art - description of collections	HARVARD ART MUSEUMS: THE HARVARD ART MUSEUMS ARE THREE MUSEUMS (FOGG MUSEUM, BUSCH-REISINGER MUSEUM, ARTHUR M. SACKLER MUSEUM) AND FOUR RESEARCH CENTERS (STRAUS CENTER FOR CONSERVATION AND TECHNICAL STUDIES, CENTER FOR THE TECHNICAL STUDY OF MODERN ART, HARVARD ART MUSEUM ARCHIVES, ARCHAEOLOGICAL EXPLORATION OF SARDIS, TURKEY). THE HARVARD ART MUSEUMS' COLLECTION CONSISTS OF MORE THAN 250,000 OBJECTS IN ALL MEDIA, RANGING IN DATE FROM ANTIQUITY TO THE PRESENT, AND COMING FROM EUROPE, NORTH AMERICA, NORTH AFRICA, THE MIDDLE EAST, SOUTH ASIA, EAST ASIA, AND SOUTHEAST ASIA. THE HARVARD MUSEUMS' ART COLLECTION IS AN IMPORTANT RESOURCE FOR THE HARVARD UNIVERSITY COMMUNITY, AS WELL AS TO A BROADER AUDIENCE OF STUDENTS, SCHOLARS, AND THE GENERAL PUBLIC. THE COLLECTION IS USED TO ADVANCE THE KNOWLEDGE AND APPRECIATION OF ART AND ART MUSEUMS THROUGH PROGRAMS INVOLVING RESEARCH, TEACHING, PROFESSIONAL TRAINING, AND PUBLIC EDUCATION. ARNOLD ARBORETUM: THE ARNOLD ARBORETUM OF HARVARD UNIVERSITY IS THE OLDEST PUBLIC ARBORETUM IN NORTH AMERICA AND ONE OF THE WORLD'S LEADING CENTERS FOR THE STUDY OF PLANTS. ADMINISTERED BY THE OFFICE OF THE PROVOST OF HARVARD UNIVERSITY AND A LINK IN BOSTON'S EMERALD NECKLACE OF PARKS, THE ARNOLD ARBORETUM IS A UNIQUE BLEND OF RESPECTED RESEARCH INSTITUTION AND BELOVED PUBLIC LANDSCAPE. WE PROVIDE AND SUPPORT WORLD-CLASS RESEARCH, HORTICULTURE, AND EDUCATION PROGRAMS THAT FOSTER THE UNDERSTANDING, APPRECIATION, AND PRESERVATION OF TREES. COLLECTION OF HISTORICAL SCIENTIFIC INSTRUMENTS: HARVARD UNIVERSITY HAS BEEN ACQUIRING SCIENTIFIC INSTRUMENTS ON A CONTINUOUS BASIS FOR TEACHING AND RESEARCH SINCE 1672. THE COLLECTION OF HISTORICAL SCIENTIFIC INSTRUMENTS, WHICH WAS ESTABLISHED IN 1948 TO PRESERVE THIS APPARATUS AS A RESOURCE FOR TEACHING AND RESEARCH IN THE HISTORY OF SCIENCE AND TECHNOLOGY, HAS BECOME ONE OF THE THREE LARGEST UNIVERSITY COLLECTIONS OF ITS KIND IN THE WORLD. THE COLLECTION CONTAINS OVER 20,000 OBJECTS DATING FROM ABOUT 1400 TO THE PRESENT. A BROAD RANGE OF SCIENTIFIC DISCIPLINES ARE REPRESENTED, INCLUDING ASTRONOMY, NAVIGATION, HOROLOGY, SURVEYING, GEOLOGY, CALCULATING, PHYSICS, BIOLOGY, MEDICINE, PSYCHOLOGY, ELECTRICITY, AND COMMUNICATION. SIGNIFICANT INSTRUMENTS, MADE OBSOLETE BY NEW TECHNOLOGIES, CONTINUE TO BE INCORPORATED. MANY OF THE DOCUMENTS DETAILING THE PURCHASE AND USE OF THE INSTRUMENTS HAVE BEEN PRESERVED, AND ARE AVAILABLE FOR RESEARCH IN THE COLLECTION'S ADJUNCT LIBRARY. MUSEUM OF COMPARATIVE ZOOLOGY (WITHIN THE MUSEUM OF NATURAL HISTORY): THE MUSEUM OF COMPARATIVE ZOOLOGY (THE MCZ) WAS FOUNDED IN 1859 ON THE CONCEPT THAT COLLECTIONS ARE AN INTEGRAL AND FUNDAMENTAL COMPONENT OF ZOOLOGICAL RESEARCH AND TEACHING. THIS 150-YEAR-OLD COMMITMENT REMAINS A STRONG AND PROUD TRADITION FOR THE MCZ. THE PRESENT-DAY MCZ CONTAINS OVER 21-MILLION SPECIMENS IN TEN RESEARCH COLLECTIONS WHICH COMPRISE ONE OF THE WORLD'S RICHEST AND MOST VARIED RESOURCES FOR STUDYING THE DIVERSITY OF LIFE. THE MUSEUM SERVES AS THE PRIMARY REPOSITORY FOR ZOOLOGICAL SPECIMENS COLLECTED BY PAST AND PRESENT HARVARD FACULTY-CURATORS, STAFF AND ASSOCIATES CONDUCTING RESEARCH AROUND THE WORLD. AS A PREMIER UNIVERSITY MUSEUM AND RESEARCH INSTITUTION, THE SPECIMENS AND THEIR RELATED DATA ARE AVAILABLE TO RESEARCHERS OF THE SCIENTIFIC AND MUSEUM COMMUNITY. USE OF THE COLLECTIONS IN STUDENT RESEARCH, WHETHER AS THESIS WORK OR INDEPENDENT STUDY, IS ALSO ENCOURAGED. FISHER MUSEUM HARVARD FOREST: THE FISHER MUSEUM'S MAIN EXHIBIT DISPLAYS TWENTY-THREE INTERNATIONALLY ACCLAIMED MODELS (DIORAMAS) PORTRAYING THE HISTORY, CONSERVATION AND MANAGEMENT OF CENTRAL NEW ENGLAND FORESTS. OTHER EXHIBITS AT THE MUSEUM REPRESENT THE RANGE OF HARVARD FOREST'S RESEARCH. HARVARD UNIVERSITY HERBARIA (WITHIN MUSEUM OF NATURAL HISTORY): THE HARVARD UNIVERSITY HERBARIA ARE AMONG SOME SEVERAL THOUSAND COLLECTIONS OF PRESSED, DRIED PLANT SPECIMENS WORLDWIDE THAT ARE USED BY RESEARCHERS TO FURTHER OUR UNDERSTANDING OF THE PLANT WORLD. SOME OF THE EARLIEST HERBARIA WERE FOUNDED IN EUROPE IN THE EARLY 1600'S, DURING THE DAYS OF EXPLORATION, WHEN KNOWLEDGE OF THE EARTH'S FLORA WAS GROWING AT SUCH A RAPID PACE THAT BOTANICAL GARDENS COULD NO LONGER MAINTAIN LIVING EXAMPLES OF EVERY KNOWN SPECIES. WHILE HERBARIUM COLLECTIONS OF ALL SIZES EXIST TODAY, THERE ARE FEWER THAN 75 HERBARIA WORLDWIDE WITH MORE THAN ONE MILLION SPECIMENS. HERBARIUM COLLECTIONS HAVE BEEN BUILT UP OVER THE YEARS BY THE EFFORTS OF NUMEROUS BOTANISTS AND PLANT COLLECTORS WHO HAVE SEARCHED FROM REMOTE AND ISOLATED JUNGLES TO INNER CITY WASTE LOTS AND RAILROAD TRACKS TO DOCUMENT THE DIVERSITY AND DISTRIBUTION OF THE EARTH'S FLORA. REPRESENTATIVES OF MOST KNOWN SPECIES OF PLANTS CAN BE FOUND IN HERBARIA TODAY, CAREFULLY MOUNTED ON SHEETS OF ARCHIVAL QUALITY PAPER, LABELED WITH IMPORTANT INFORMATION ABOUT THEM, AND STORED ON SHELVES IN CABINETS. IN ESSENCE, A HERBARIUM IS ANALOGOUS TO A LIBRARY OF CAREFULLY PRESERVED PLANTS WHERE THE SPECIMENS THEMSELVES AND THE LABELS ASSOCIATED WITH THEM PROVIDE A WEALTH OF INFORMATION ONCE THEY HAVE BEEN "READ" AND STUDIED BY SCIENTISTS. THE SPECIMENS ARE THE KEY TO UNDERSTANDING PLANT RELATIONSHIPS,GEOGRAPHIC DISTRIBUTIONS, ECONOMIC USEFULNESS, EVEN THEIR MOLECULAR MAKEUP. AS WE LOSE NATURAL HABITATS THE WORLD OVER, HERBARIA INCREASINGLY SERVE AS A RECORD OF THE RECENT HISTORY OF PLANT LIFE, AND AS A REPOSITORY OF PRECIOUS GENETIC INFORMATION. HERBARIA HOLD THE TOOLS FOR OUR UNDERSTANDING OF THE PLANT WORLD. MINERALOGICAL AND GEOLOGICAL MUSEUM (WITHIN MUSEUM OF NATURAL HISTORY): THE HARVARD MINERAL COLLECTION RANKS AMONG THE WORLD'S FINEST DUE TO ITS VERY BROAD REPRESENTATION, WEALTH OF RARE SPECIES, LARGE NUMBER OF SPECIMENS DESCRIBED IN THE SCIENTIFIC LITERATURE, AND THE QUALITY OF ITS DISPLAY SPECIMENS. A RICH SYSTEMATIC MINERAL COLLECTION AND DISPLAYS OF GEMSTONES ARE THE PRINCIPAL EXHIBITS IN THE MINERAL GALLERY. THE MUSEUM IS COMMITTED TO THE DEVELOPMENT AND PRESERVATION OF WORLD-CLASS COLLECTIONS OF MINERALS, GEMS, ROCKS, ORES, AND METEORITES FOR RESEARCH, EDUCATION, AND PUBLIC DISPLAY. ITS EARLIEST COLLECTIONS DATE BACK TO THE LATE 18TH CENTURY. THE MUSEUM CATERS TO THE NEEDS OF STUDENTS AND FACULTY AT HARVARD UNIVERSITY AS WELL AS THE GEOLOGICAL COMMUNITY AT LARGE BY SERVING AS A UNIQUELY RICH RESOURCE OF MATERIALS AND INFORMATION. PEABODY MUSEUM OF ARCHAEOLOGY AND ETHNOLOGY: THE PEABODY MUSEUM OF ARCHAEOLOGY AND ETHNOLOGY IS STEWARD TO ONE OF THE OLDEST AND LARGEST COLLECTIONS OF CULTURAL OBJECTS IN THE WESTERN HEMISPHERE. SINCE THE LATE NINETEENTH CENTURY, THE MUSEUM HAS PLAYED AN ACTIVE PART IN THE HISTORY OF AMERICAN ANTHROPOLOGY AND IN THE EVOLVING RELATIONSHIP BETWEEN MUSEUMS AND NATIVE PEOPLES. AS A UNIVERSITY MUSEUM SITUATED IN AN ACADEMIC AND REGIONAL COMMUNITY CENTRAL TO THE DEVELOPMENT AND THE STUDY OF AMERICAN CIVIC CULTURE, THE PEABODY STRIVES TO MAKE COLLECTIONS WIDELY ACCESSIBLE AND ENGAGE ISSUES OF CONCERN TO DIVERSE AUDIENCES. TODAY, THE PEABODY HOUSES MORE THAN SIX MILLION INDIVIDUAL OBJECTS, 500,000 PHOTOGRAPHIC IMAGES, AND SUBSTANTIAL ARCHIVAL RECORDS. STRONGEST IN THE CULTURES OF NORTH, CENTRAL, AND SOUTH AMERICA, AND THE PACIFIC ISLANDS, THE PEABODY IS ALSO CARETAKER TO IMPORTANT COLLECTIONS FROM AFRICA, EUROPE, AND ASIA. COLLECTION TYPES INCLUDE ARCHAEOLOGY; ETHNOGRAPHY; OSTEOLOGY; AND PAINTING, DRAWING, AND PRINTS. SEMITIC MUSEUM: THE SEMITIC MUSEUM IS HOME TO THE UNIVERSITY'S COLLECTIONS OF NEAR EASTERN ARCHAEOLOGICAL ARTIFACTS. THESE ARTIFACTS COMPRISE OVER 40,000 ITEMS, INCLUDING POTTERY, CYLINDER SEALS, SCULPTURE, COINS AND CUNEIFORM TABLETS. MANY ARE FROM MUSEUM-SPONSORED EXCAVATIONS IN ISRAEL, JORDAN, IRAQ, EGYPT, CYPRUS, AND TUNISIA. THE MUSEUM IS DEDICATED TO THE USE OF THESE COLLECTIONS FOR THE TEACHING, RESEARCH, AND PUBLICATION OF NEAR EASTERN ARCHAEOLOGY, HISTORY, AND CULTURE. WARREN ANATOMICAL MUSEUM: THE WARREN ANATOMICAL MUSEUM'S PRESENT COLLECTION CONTAINS APPROXIMATELY 15,000 ARTIFACTS AND CASES INCLUDING: ANATOMICAL AND PATHOLOGICAL PREPARATIONS; VARIOUS WAX, PAPER MACHE, AND DRY PREPARATION ANATOMICAL MODELS; PHOTOGRAPHS, PRINTS, PAINTINGS, AND DRAWINGS; MEDICAL INSTRUMENTS AND MACHINES; AND OTHER MEDICAL MEMORABILIA. ALONG WITH THE WELL-KNOWN SKULL OF PHINEAS GAGE, THE MUSEUM HOLDS MANY OTHER RARE AND INTERESTING ITEMS. AMONG THESE ARE THE PHRENOLOGICAL COLLECTION OF JOHANN GASPAR SPURZHEIM, THE BOSTON SOCIETY FOR MEDICAL IMPROVEMENT COLLECTION, AND A W. T. G. MORTON-TYPE ETHER INHALER. THE MUSEUM PROMOTES THE COLLECTION FOR THE PURPOSES OF MEDICAL EDUCATION IN ALL FORMS WHENEVER POSSIBLE, BY EXPANDING ITS SCOPE TO PROVIDE PUBLIC PROGRAMMING AND EDUCATIONAL RESOURCES TO THE LARGER COMMUNITY.
Schedule D, Part IV, Line 1b, Agent, trustee, custodian, or other intermediary arrangement	AGENCY FUNDS REPRESENT AWARDS UNDER WHICH HARVARD SERVES AS AN INTERMEDIARY AGENT BETWEEN THE SPONSOR (USUALLY FEDERAL) AND THE ULTIMATE THIRD PARTY RECIPIENT. THE TRANSFER OF THE ASSETS TO HARVARD IS NOT A CONTRIBUTION RECEIVED BY HARVARD AND THE TRANSFER OF ASSETS TO THE RECIPIENT IS NOT A CONTRIBUTION MADE BY HARVARD. HARVARD DRAWS DOWN ON ITS FEDERAL LINES OF CREDIT MONTHLY TO COVER THOSE COSTS INCURRED ON FEDERAL AWARDS. THEREFORE, THERE IS NO BEGINNING OR ENDING BALANCE FOR THESE AGENCY FUNDS.
Schedule D, Part V, Line 4, Intended uses of endowment funds	THE PRIMARY GOAL OF THE ENDOWMENT IS TO SUPPORT THE UNIVERSITY'S TEACHING AND RESEARCH MISSION. THE ENDOWMENT ROLLFORWARDS ON SCHEDULE D, PART V HAVE BEEN RESTATED FOR THE FISCAL YEARS ENDED JUNE 30, 2010 AND 2011 TO PROPERLY EXCLUDE THE ENDOWMENTS OF CERTAIN RELATED ORGANIZATIONS THAT WERE PREVIOUSLY INCLUDED IN THE REPORTED TOTAL. THIS RESTATEMENT DOES NOT CHANGE NET ASSETS REPORTED ON THE FORM 990 BALANCE SHEET FOR THE FISCAL YEARS ENDED JUNE 30, 2010 AND 2011.
SCHEDULE D, PART X, LINE 2, FIN 48 (ASC 740):	EFFECTIVE JULY 1, 2007, THE UNIVERSITY ADOPTED FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FIN 48 (ASC 740)). FIN 48 (ASC 740) SETS A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFIT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX POSITIONS FOR THE OPEN TAX YEARS AS OF JUNE 30, 2014 WERE REVIEWED AND IT WAS DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX PROVISIONS WAS REQUIRED. ACCORDINGLY, THERE IS NO DISCLOSURE IN THE JUNE 30, 2014 FINANCIAL STATEMENTS REGARDING UNCERTAIN TAX POSITIONS.

Schedule D (Form 990) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

SCHEDULE E(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Schools

Complete 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.
Right pointing arrow large image

Information about Schedule E (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

Part I

YES

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? ......................

Yes

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? ......................................

Yes

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. .............................

Does the organization maintain the following?

Records indicating the racial composition of the student body, faculty, and administrative staff? ..........

Yes

Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory

basis? ...............................................

Yes

Copies of all catalogues, brochures, announcements, and other written communications to the public dealing

with student admissions, programs, and scholarships? ...........................

Yes

Copies of all material used by the organization or on its behalf to solicit contributions? ..............

Yes

If you answered "No" to any of the above, please explain. If you need more space, use Part II.

Does the organization discriminate by race in any way with respect to:

Students' rights or privileges? .....................................

Admissions policies? .........................................

Employment of faculty or administrative staff? ..............................

Scholarships or other financial assistance? ................................

Educational policies? .........................................

Use of facilities? ...........................................

Athletic programs? ..........................................

Other extracurricular activities? .....................................

If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.

Does the organization receive any financial aid or assistance from a governmental agency? ...........

Yes

Has the organization's right to such aid ever been revoked or suspended? ...................

If you answered "Yes" to either line 6a or line 6b, explain on Part II.

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.

Yes

Paperwork Reduction Act Notice, see the Instructions for Form 990 or Form 990-EZ.

Cat. No. 50085D

Schedule E (Form 990 or 990-EZ) 2013

Schedule E (Form 990 or 990EZ) 2013

Page 2

Part II

Supplemental Information. 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).

Return Reference	Explanation
Schedule E, Part I, Line 3, Racially nondiscriminatory policy	THE ORGANIZATION MEETS THE CRITERIA ESTABLISHED IN SECTION 4.0 REVENUE PROCEDURE 75-50. THE UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. IT SATISFIES THE PUBLICITY REQUIREMENT BY INCLUDING A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. IT ALSO REFERENCES ITS RACIALLY NONDISCRIMINATORY POLICY IN OTHER WRITTEN ADVERTISING THAT IT USES AS A MEANS OF INFORMING PROSPECTIVE STUDENTS OF ITS PROGRAMS.
Schedule E, Part I, Line 6a, Financial aid or assistance from a governmental agency	THIS ORGANIZATION RECEIVES FUNDS FOR RESEARCH AND ADMINISTERS FEDERAL AID PROGRAMS TO STUDENTS ENROLLED IN POST-SECONDARY EDUCATION.

Return Reference

Explanation

Schedule E, Part I, Line 3, Racially nondiscriminatory policy

THE ORGANIZATION MEETS THE CRITERIA ESTABLISHED IN SECTION 4.0 REVENUE PROCEDURE 75-50. THE UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. IT SATISFIES THE PUBLICITY REQUIREMENT BY INCLUDING A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. IT ALSO REFERENCES ITS RACIALLY NONDISCRIMINATORY POLICY IN OTHER WRITTEN ADVERTISING THAT IT USES AS A MEANS OF INFORMING PROSPECTIVE STUDENTS OF ITS PROGRAMS.

Schedule E, Part I, Line 6a, Financial aid or assistance from a governmental agency

THIS ORGANIZATION RECEIVES FUNDS FOR RESEARCH AND ADMINISTERS FEDERAL AID PROGRAMS TO STUDENTS ENROLLED IN POST-SECONDARY EDUCATION.

Schedule E (Form 990 or 990-EZ) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

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. Right pointing arrow large image

Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization
PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 14b.

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? ...............................

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in region	(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 and investments in region
	CENTRAL AMERICA AND THE CARIBBEAN			GRANTMAKING		18,048
	CENTRAL AMERICA AND THE CARIBBEAN			PROGRAM SERVICES	ACADEMIC SUPPORT	35,975
	CENTRAL AMERICA AND THE CARIBBEAN			PROGRAM SERVICES	INSTRUCTION	54,625
	CENTRAL AMERICA AND THE CARIBBEAN			PROGRAM SERVICES	RESEARCH AND OTHER ACADEMIC ACTIVITY	352,114
	CENTRAL AMERICA AND THE CARIBBEAN			PROGRAM SERVICES	STUDENT SERVICES	11,530
	EAST ASIA AND THE PACIFIC			FUNDRAISING		172,271
	EAST ASIA AND THE PACIFIC			GRANTMAKING		2,331,364
	EAST ASIA AND THE PACIFIC			INVESTMENTS		1,943,587,963
	EAST ASIA AND THE PACIFIC			PROGRAM SERVICES	ACADEMIC SUPPORT	1,200,077
	EAST ASIA AND THE PACIFIC			PROGRAM SERVICES	INSTITUTIONAL SUPPORT	166,334
	EAST ASIA AND THE PACIFIC			PROGRAM SERVICES	INSTRUCTION	2,254,057
	EAST ASIA AND THE PACIFIC	3	26	PROGRAM SERVICES	RESEARCH AND OTHER ACADEMIC ACTIVITY	6,998,867
	EAST ASIA AND THE PACIFIC			PROGRAM SERVICES	SERVICE CENTERS	81,679
	EAST ASIA AND THE PACIFIC			PROGRAM SERVICES	STUDENT SERVICES	1,155,746
	EUROPE (INCLUDING ICELAND AND GREENLAND)			FUNDRAISING		239,323
	EUROPE (INCLUDING ICELAND AND GREENLAND)			GRANTMAKING		7,973,178
	EUROPE (INCLUDING ICELAND AND GREENLAND)			INVESTMENTS		847,996,870
	EUROPE (INCLUDING ICELAND AND GREENLAND)			PROGRAM SERVICES	ACADEMIC SUPPORT	1,605,878
	EUROPE (INCLUDING ICELAND AND GREENLAND)			PROGRAM SERVICES	INSTITUTIONAL SUPPORT	602,416
	EUROPE (INCLUDING ICELAND AND GREENLAND)			PROGRAM SERVICES	INSTRUCTION	4,852,852
	EUROPE (INCLUDING ICELAND AND GREENLAND)	2	48	PROGRAM SERVICES	RESEARCH AND OTHER ACADEMIC ACTIVITY	8,401,850
	EUROPE (INCLUDING ICELAND AND GREENLAND)			PROGRAM SERVICES	SERVICE CENTERS	715,340
	EUROPE (INCLUDING ICELAND AND GREENLAND)			PROGRAM SERVICES	STUDENT SERVICES	938,072
	MIDDLE EAST AND NORTH AFRICA			GRANTMAKING		374,144
	MIDDLE EAST AND NORTH AFRICA			INVESTMENTS		33,701,960
	MIDDLE EAST AND NORTH AFRICA			PROGRAM SERVICES	ACADEMIC SUPPORT	28,515
	MIDDLE EAST AND NORTH AFRICA			PROGRAM SERVICES	INSTITUTIONAL SUPPORT	552,742
	MIDDLE EAST AND NORTH AFRICA			PROGRAM SERVICES	INSTRUCTION	667,294
	MIDDLE EAST AND NORTH AFRICA	1	1	PROGRAM SERVICES	RESEARCH AND OTHER ACADEMIC ACTIVITY	283,080
	MIDDLE EAST AND NORTH AFRICA			PROGRAM SERVICES	SERVICE CENTERS	7,576
	MIDDLE EAST AND NORTH AFRICA			PROGRAM SERVICES	STUDENT SERVICES	8,000
	NORTH AMERICA (CANADA & MEXICO ONLY)			FUNDRAISING		287,235
	NORTH AMERICA (CANADA & MEXICO ONLY)			GRANTMAKING		363,364
	NORTH AMERICA (CANADA & MEXICO ONLY)			INVESTMENTS		154,395,317
	NORTH AMERICA (CANADA & MEXICO ONLY)			PROGRAM SERVICES	ACADEMIC SUPPORT	869,426
	NORTH AMERICA (CANADA & MEXICO ONLY)			PROGRAM SERVICES	INSTITUTIONAL SUPPORT	66,269
	NORTH AMERICA (CANADA & MEXICO ONLY)			PROGRAM SERVICES	INSTRUCTION	824,656
	NORTH AMERICA (CANADA & MEXICO ONLY)		2	PROGRAM SERVICES	RESEARCH AND OTHER ACADEMIC ACTIVITY	317,670
	NORTH AMERICA (CANADA & MEXICO ONLY)			PROGRAM SERVICES	SERVICE CENTERS	180,031
	NORTH AMERICA (CANADA & MEXICO ONLY)			PROGRAM SERVICES	STUDENT SERVICES	21,675
	RUSSIA AND NEIGHBORING STATES			GRANTMAKING		241,370
	RUSSIA AND NEIGHBORING STATES			INVESTMENTS		9,844,865
	RUSSIA AND NEIGHBORING STATES			PROGRAM SERVICES	ACADEMIC SUPPORT	4,510
	RUSSIA AND NEIGHBORING STATES			PROGRAM SERVICES	INSTRUCTION	23,019
	RUSSIA AND NEIGHBORING STATES			PROGRAM SERVICES	RESEARCH AND OTHER ACADEMIC ACTIVITY	26,462
	SOUTH AMERICA			FUNDRAISING		5,173
	SOUTH AMERICA			GRANTMAKING		2,569,908
	SOUTH AMERICA			INVESTMENTS		400,390,989
	SOUTH AMERICA			PROGRAM SERVICES	ACADEMIC SUPPORT	245,955
	SOUTH AMERICA			PROGRAM SERVICES	INSTITUTIONAL SUPPORT	5,707
	SOUTH AMERICA			PROGRAM SERVICES	INSTRUCTION	756,849
	SOUTH AMERICA		4	PROGRAM SERVICES	RESEARCH AND OTHER ACADEMIC ACTIVITY	2,240,849
	SOUTH AMERICA			PROGRAM SERVICES	STUDENT SERVICES	68,700
	SOUTH ASIA			FUNDRAISING		5,872
	SOUTH ASIA			GRANTMAKING		2,155,556
	SOUTH ASIA			INVESTMENTS		154,327,047
	SOUTH ASIA			PROGRAM SERVICES	ACADEMIC SUPPORT	55,882
	SOUTH ASIA			PROGRAM SERVICES	INSTITUTIONAL SUPPORT	100,860
	SOUTH ASIA			PROGRAM SERVICES	INSTRUCTION	876,300
	SOUTH ASIA		20	PROGRAM SERVICES	RESEARCH AND OTHER ACADEMIC ACTIVITY	2,651,826
	SOUTH ASIA			PROGRAM SERVICES	SERVICE CENTERS	89,018
	SOUTH ASIA			PROGRAM SERVICES	STUDENT SERVICES	235,091
	SUB-SAHARAN AFRICA			FUNDRAISING		10,924
	SUB-SAHARAN AFRICA			GRANTMAKING		9,159,040
	SUB-SAHARAN AFRICA			INVESTMENTS		13,578,326
	SUB-SAHARAN AFRICA			PROGRAM SERVICES	ACADEMIC SUPPORT	43,358
	SUB-SAHARAN AFRICA			PROGRAM SERVICES	INSTITUTIONAL SUPPORT	17,774
	SUB-SAHARAN AFRICA			PROGRAM SERVICES	INSTRUCTION	423,579
	SUB-SAHARAN AFRICA		10	PROGRAM SERVICES	RESEARCH AND OTHER ACADEMIC ACTIVITY	862,557
	SUB-SAHARAN AFRICA			PROGRAM SERVICES	SERVICE CENTERS	1,080
	SUB-SAHARAN AFRICA			PROGRAM SERVICES	STUDENT SERVICES	24,380
3a	Sub-total .....
b	Total from continuation sheets to Part I ...
c	Totals (add lines 3a and 3b)	6	111			3,625,738,209

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2013

Schedule F (Form 990) 2013

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. Part II can be duplicated if additional space is needed.

(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	322,347	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	310,000	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	277,704	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	196,270	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	187,565	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	132,791	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	92,358	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	80,075	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	66,331	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	40,279	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	40,000	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	25,682	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	20,574	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	15,094	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	10,802	EFT OR CHECK
EAST ASIA AND THE PACIFIC	SPONSORED RESEARCH SUB-AWARD	9,238	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	917,861	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	510,000	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	498,291	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	450,163	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	320,880	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	318,366	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	215,884	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	202,770	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	196,480	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	158,092	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	130,255	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	108,191	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	107,632	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	103,922	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	100,904	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	96,283	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	90,420	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	90,000	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	85,526	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	75,768	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	67,455	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	64,970	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	64,092	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	57,558	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	42,254	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	33,393	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	32,950	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	31,560	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	13,505	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	13,173	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	SPONSORED RESEARCH SUB-AWARD	12,542	EFT OR CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)	CHARITABLE CONTRIBUTION	10,000	EFT OR CHECK
MIDDLE EAST AND NORTH AFRICA	SPONSORED RESEARCH SUB-AWARD	59,286	EFT OR CHECK
MIDDLE EAST AND NORTH AFRICA	SPONSORED RESEARCH SUB-AWARD	56,968	EFT OR CHECK
MIDDLE EAST AND NORTH AFRICA	SPONSORED RESEARCH SUB-AWARD	39,920	EFT OR CHECK
MIDDLE EAST AND NORTH AFRICA	SPONSORED RESEARCH SUB-AWARD	21,112	EFT OR CHECK
NORTH AMERICA (CANADA & MEXICO ONLY)	SPONSORED RESEARCH SUB-AWARD	87,214	EFT OR CHECK
NORTH AMERICA (CANADA & MEXICO ONLY)	SPONSORED RESEARCH SUB-AWARD	38,128	EFT OR CHECK
NORTH AMERICA (CANADA & MEXICO ONLY)	SPONSORED RESEARCH SUB-AWARD	5,998	EFT OR CHECK
RUSSIA AND NEIGHBORING STATES	SPONSORED RESEARCH SUB-AWARD	179,613	EFT OR CHECK
RUSSIA AND NEIGHBORING STATES	SPONSORED RESEARCH SUB-AWARD	16,936	EFT OR CHECK
SOUTH AMERICA	SPONSORED RESEARCH SUB-AWARD	1,837,868	EFT OR CHECK
SOUTH AMERICA	SPONSORED RESEARCH SUB-AWARD	271,824	EFT OR CHECK
SOUTH AMERICA	SPONSORED RESEARCH SUB-AWARD	181,988	EFT OR CHECK
SOUTH AMERICA	SPONSORED RESEARCH SUB-AWARD	55,151	EFT OR CHECK
SOUTH AMERICA	SPONSORED RESEARCH SUB-AWARD	30,000	EFT OR CHECK
SOUTH AMERICA	SPONSORED RESEARCH SUB-AWARD	30,000	EFT OR CHECK
SOUTH AMERICA	SPONSORED RESEARCH SUB-AWARD	18,500	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	525,979	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	403,276	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	326,946	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	235,352	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	134,060	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	89,008	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	79,201	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	67,944	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	30,028	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	14,666	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	13,500	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	12,174	EFT OR CHECK
SOUTH ASIA	SPONSORED RESEARCH SUB-AWARD	5,439	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	5,917,563	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	789,783	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	628,398	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	585,682	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	350,993	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	135,568	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	95,665	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	95,492	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	93,951	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	78,192	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	68,580	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	43,920	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	35,591	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	33,397	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	32,947	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	31,192	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	21,283	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	15,880	EFT OR CHECK
SUB-SAHARAN AFRICA	SPONSORED RESEARCH SUB-AWARD	11,616	EFT OR CHECK

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

Enter total number of other organizations or entities ....................... MediumBullet

Schedule F (Form 990) 2013

Schedule F (Form 990) 2013Page 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.

Part III can be duplicated if additional space is needed.

	(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement
GRADUATE STUDENT STIPEND GRANTS	EAST ASIA AND THE PACIFIC	17	70,537	EFT OR CHECK
GRADUATE STUDENT STIPEND GRANTS	EUROPE (INCLUDING ICELAND AND GREENLAND)	11	27,030	EFT OR CHECK
GRADUATE STUDENT STIPEND GRANTS	MIDDLE EAST AND NORTH AFRICA	1	1,000	EFT OR CHECK
GRADUATE STUDENT STIPEND GRANTS	NORTH AMERICA (CANADA & MEXICO ONLY)	7	10,050	EFT OR CHECK
GRADUATE STUDENT STIPEND GRANTS	RUSSIA AND NEIGHBORING STATES	2	1,100	EFT OR CHECK
GRADUATE STUDENT STIPEND GRANTS	SOUTH AMERICA	1	500	EFT OR CHECK
GRADUATE STUDENT STIPEND GRANTS	SOUTH ASIA	2	2,500	EFT OR CHECK
GRADUATE STUDENT STIPEND GRANTS	SUB-SAHARAN AFRICA	1	1,100	EFT OR CHECK
GRANTS & AWARDS TO NON-HARVARD STUDENTS	CENTRAL AMERICA AND THE CARIBBEAN	3	17,000	EFT OR CHECK
GRANTS & AWARDS TO NON-HARVARD STUDENTS	EAST ASIA AND THE PACIFIC	11	124,532	EFT OR CHECK
GRANTS & AWARDS TO NON-HARVARD STUDENTS	EUROPE (INCLUDING ICELAND AND GREENLAND)	38	1,888,182	EFT OR CHECK
GRANTS & AWARDS TO NON-HARVARD STUDENTS	MIDDLE EAST AND NORTH AFRICA	4	80,504	EFT OR CHECK
GRANTS & AWARDS TO NON-HARVARD STUDENTS	NORTH AMERICA (CANADA & MEXICO ONLY)	16	106,139	EFT OR CHECK
GRANTS & AWARDS TO NON-HARVARD STUDENTS	RUSSIA AND NEIGHBORING STATES	3	23,427	EFT OR CHECK
GRANTS & AWARDS TO NON-HARVARD STUDENTS	SOUTH AMERICA	9	76,700	EFT OR CHECK
GRANTS & AWARDS TO NON-HARVARD STUDENTS	SOUTH ASIA	4	14,923	EFT OR CHECK
GRANTS & AWARDS TO NON-HARVARD STUDENTS	SUB-SAHARAN AFRICA	7	62,949	EFT OR CHECK
STUDENT PRIZES AND AWARDS	EAST ASIA AND THE PACIFIC	22	111,607	EFT OR CHECK
STUDENT PRIZES AND AWARDS	EUROPE (INCLUDING ICELAND AND GREENLAND)	28	145,724	EFT OR CHECK
STUDENT PRIZES AND AWARDS	MIDDLE EAST AND NORTH AFRICA	3	6,269	EFT OR CHECK
STUDENT PRIZES AND AWARDS	NORTH AMERICA (CANADA & MEXICO ONLY)	14	36,734	EFT OR CHECK
STUDENT PRIZES AND AWARDS	SOUTH ASIA	1	50,000	EFT OR CHECK
STUDENT PRIZES AND AWARDS	SUB-SAHARAN AFRICA	5	17,265	EFT OR CHECK
OTHER UNDERGRADUATE GRANTS, PRIZES, AND AWARDS	EAST ASIA AND THE PACIFIC	7	14,263	EFT OR CHECK
OTHER UNDERGRADUATE GRANTS, PRIZES, AND AWARDS	EUROPE (INCLUDING ICELAND AND GREENLAND)	3	8,900	EFT OR CHECK
OTHER UNDERGRADUATE GRANTS, PRIZES, AND AWARDS	MIDDLE EAST AND NORTH AFRICA	1	2,200	EFT OR CHECK
OTHER UNDERGRADUATE GRANTS, PRIZES, AND AWARDS	NORTH AMERICA (CANADA & MEXICO ONLY)	2	3,445	EFT OR CHECK
OTHER UNDERGRADUATE GRANTS, PRIZES, AND AWARDS	SOUTH ASIA	1	1,700	EFT OR CHECK
STIPENDS FOR POST-DOCTORAL STUDENTS AND FELLOWS	EAST ASIA AND THE PACIFIC	4	110,000	EFT OR CHECK
STIPENDS FOR POST-DOCTORAL STUDENTS AND FELLOWS	EUROPE (INCLUDING ICELAND AND GREENLAND)	21	546,555	EFT OR CHECK
STIPENDS FOR POST-DOCTORAL STUDENTS AND FELLOWS	MIDDLE EAST AND NORTH AFRICA	2	71,000	EFT OR CHECK
STIPENDS FOR POST-DOCTORAL STUDENTS AND FELLOWS	SOUTH ASIA	2	14,000	EFT OR CHECK
STUDENT LOAN REPAYMENT PROGRAMS AND FORGIVEN LOANS	CENTRAL AMERICA AND THE CARIBBEAN	1	1,048	EFT OR CHECK
STUDENT LOAN REPAYMENT PROGRAMS AND FORGIVEN LOANS	EAST ASIA AND THE PACIFIC	10	73,315	EFT OR CHECK
STUDENT LOAN REPAYMENT PROGRAMS AND FORGIVEN LOANS	EUROPE (INCLUDING ICELAND AND GREENLAND)	16	135,647	EFT OR CHECK
STUDENT LOAN REPAYMENT PROGRAMS AND FORGIVEN LOANS	MIDDLE EAST AND NORTH AFRICA	3	35,885	EFT OR CHECK
STUDENT LOAN REPAYMENT PROGRAMS AND FORGIVEN LOANS	NORTH AMERICA (CANADA & MEXICO ONLY)	6	75,656	EFT OR CHECK
STUDENT LOAN REPAYMENT PROGRAMS AND FORGIVEN LOANS	RUSSIA AND NEIGHBORING STATES	5	20,294	EFT OR CHECK
STUDENT LOAN REPAYMENT PROGRAMS AND FORGIVEN LOANS	SOUTH AMERICA	10	67,377	EFT OR CHECK
STUDENT LOAN REPAYMENT PROGRAMS AND FORGIVEN LOANS	SOUTH ASIA	34	134,860	EFT OR CHECK
STUDENT LOAN REPAYMENT PROGRAMS AND FORGIVEN LOANS	SUB-SAHARAN AFRICA	3	12,033	EFT OR CHECK

Schedule F (Form 990) 2013

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2013

Page 5

Part V

Supplemental Information
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).

ReturnReference	Explanation
Schedule F, Part I, Line 2, Procedures for monitoring use of grant funds	ALL DISBURSEMENTS MADE BY THIS INSTITUTION IN FURTHERANCE OF ITS EXEMPT PROGRAMS ARE REVIEWED AND APPROVED BY DULY AUTHORIZED COMMITTEES OR INDIVIDUALS. ALL SCHOLARSHIPS AND STUDENT LOANS ARE REVIEWED AND APPROVED BY HARVARD'S FINANCIAL AID OFFICES. IN ADDITION, HARVARD UNIVERSITY IS RESPONSIBLE FOR THE PROGRAMMATIC AND FINANCIAL MONITORING OF ITS SPONSORED RESEARCH AWARD SUBRECIPIENTS. PRINCIPAL INVESTIGATORS AND PROJECT STAFF PERFORM ONGOING REVIEWS OF PROJECT ACTIVITIES. IN ADDITION, ON AN ANNUAL BASIS, UNIVERSITY RESEARCH ADMINISTRATORS REVIEW ALL ACTIVE SUBCONTRACTS AND INQUIRE FURTHER INTO THOSE THAT ARE DEEMED TO REQUIRE CLOSER SCRUTINY IN LIGHT OF A VARIETY OF ATTRIBUTES. UPON IDENTIFICATION OF SUBRECIPIENTS THAT MANDATE CLOSER SCRUTINY, HARVARD IMPLEMENTS ADDITIONAL MONITORING ACTIONS TO ENSURE COMPLIANCE WITH SUBAGREEMENT PERFORMANCE, FINANCIAL TERMS AND CONDITIONS, AND WITH ALL APPLICABLE FEDERAL RULES AND REGULATIONS.

Schedule F (Form 990) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

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 arrow

Attach to Form 990 or Form 990-EZ. right arrow

See separate instructions.
right arrow

Information about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization
PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

Part I

Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.

Form 990-EZ filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

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?

Yes

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.

(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
	ANNE LOCKETT ENTERPRISES 12424 WILSHIRE BLVD STE 1060 LOS ANGELES, CA90025	PRIN. GIFTS		No	41,117,751	323,057	40,794,694
	LESTER INC 19 BUSINESS PARK DR BRANFORD, CT06405	PHONE SOLICITATION		No	272,735	36,454	236,281








Total .................					41,390,486	359,511	41,030,975

List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

CA, IL, MA

For Paperwork Reduction Act Notice, see the Instructions for Form 990or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990 or 990-EZ) 2013

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 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 DINNER (event type)	(b) Event #2 GALA (event type)	(c) Other events (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . .	28,650	995,003		1,023,653
2	Less: Contributions . .	27,975	906,473		934,448
3	Gross income (line 1 minus line 2) . . .	675	88,530	0	89,205
4	Cash prizes . . .				0
5	Noncash prizes . .				0
6	Rent/facility costs . .	24,816			24,816
7	Food and beverages .				0
8	Entertainment . . .	250			250
9	Other direct expenses .	3,944	580,713		584,657
10	Direct expense summary. Add lines 4 through 9 in column (d) ...........				609,723
11	Net income summary. Subtract line 10 from line 3, column (d)...........				-520,518

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.

(a) Bingo

(b) Pull tabs/Instant
bingo/progressive bingo

(c) Other gaming

(d) Total gaming (add col.(a) through col.(c))

Gross revenue . . . .

Cash prizes . . . .

Non-cash prizes . . .

Rent/facility costs . . .

Other direct expenses . .

Volunteer labor . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow

Net gaming income summary. Subtract line 7 from line 1, column (d) ......... right arrow

Enter the state(s) in which the organization operates gaming activities:

Is the organization licensed to operate gaming activities in each of these states? ............

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....

YesNo

If "Yes," explain:

Schedule G (Form 990 or 990-EZ) 2013

Page 3

Does the organization operate gaming activities with nonmembers? .................

YesNo

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? ..........................

YesNo

Indicate the percentage of gaming activity operated in:

The organization's facility ......................

13a

An outside facility ........................

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? ......................................

YesNo

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

$ .

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? ............................

YesNo

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

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v), and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also complete this part to provide any additional information (see instructions).

Return Reference	Explanation
SCHEDULE G, PART I, LINE 2B, FUNDRAISING:	THE FUNDRAISING EFFORT IS A LONG TERM EFFORT OFTEN SPANNING YEARS AND DECADES TO BRING IN ONE GIFT. THE TOTAL LISTED HERE IS FOR CASH RECEIVED IN FY14 BUT THE DONOR(S) MAY HAVE MADE THE ORIGINAL PLEDGE(S) IN PRIOR YEARS.

Schedule G (Form 990 or 990-EZ) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

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
lBullet

Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization
PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number
04-2103580

Part I

General Information on Grants and Assistance

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? ....................................

Yes No

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. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC Code section if applicable	(d) Amount of cash grant	(h) Purpose of grant or assistance
(1) BRIGHAM AND WOMEN'S HOSPITAL 75 FRANCIS ST BOSTON,MA02115	04-2312909	IRC 501(C)(3)	16,237,218	SPONSORED RESEARCH SUB-AWARD
(2) MASSACHUSETTS GENERAL HOSPITAL 55 FRUIT ST BOSTON,MA02114	04-1564655	IRC 501(C)(3)	12,189,973	SPONSORED RESEARCH SUB-AWARD
(3) FRONTIER SCIENCE AND TECH RESEARCH FDN INC 4033 MAPLE RD AMHERST,NY14226	16-1056814	IRC 501(C)(3)	9,811,342	SPONSORED RESEARCH SUB-AWARD
(4) CHILDREN'S HOSPITAL CORP 300 LONGWOOD AVE BOSTON,MA02115	04-2774441	IRC 501(C)(3)	8,209,359	SPONSORED RESEARCH SUB-AWARD
(5) DANA FARBER CANCER INSTITUTE 450 BROOKLINE AVE BP418 BOSTON,MA02115	04-2263040	IRC 501(C)(3)	6,839,209	SPONSORED RESEARCH SUB-AWARD
(6) JOHNS HOPKINS UNIVERSITY 100 N CHARLES ST STE 316 BALTIMORE,MD21201	52-0595110	IRC 501(C)(3)	4,409,762	SPONSORED RESEARCH SUB-AWARD
(7) BETH ISRAEL DEACONESS MEDICAL CTR 330 BROOKLINE AVE BOSTON,MA02215	04-2103881	IRC 501(C)(3)	4,361,106	SPONSORED RESEARCH SUB-AWARD
(8) MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVE NE 49-3131 CAMBRIDGE,MA02139	04-2103594	IRC 501(C)(3)	2,817,016	SPONSORED RESEARCH SUB-AWARD
(9) THE BROAD INSTITUTE 415 MAIN ST CAMBRIDGE,MA02142	26-3428781	IRC 501(C)(3)	2,445,897	SPONSORED RESEARCH SUB-AWARD
(10) TOPCODER INC 95 GLASTONBURY BLVD GLASTONBURY,CT06033	06-1593607	NOT EXEMPT	2,029,431	SPONSORED RESEARCH SUB-AWARD
(11) COMMUNITIES IN SCHOOLS OF NORTH CAROLINA 222 NORTH PERSON ST STE 102 RALEIGH,NC27601	56-1677831	IRC 501(C)(3)	1,700,361	SPONSORED RESEARCH SUB-AWARD
(12) REGENTS OF THE UNIVERSITY OF MICHIGAN 3003 S STATE ST G395 ANN ARBOR,MI48109	38-6006309	IRC 501(C)(3)	1,384,905	SPONSORED RESEARCH SUB-AWARD
(13) UNIVERSITY OF SOUTHERN CALIFORNIA UNIVERSITY GARDENS-UGB 203 LOS ANGELES,CA90089	95-1642394	IRC 501(C)(3)	1,274,986	SPONSORED RESEARCH SUB-AWARD
(14) BAYLOR COLLEGE OF MEDICINE ONE BAYLOR PLAZA HOUSTON,TX77030	74-1613878	IRC 501(C)(3)	1,221,700	SPONSORED RESEARCH SUB-AWARD
(15) CHILDREN'S MEMORIAL HOSPITAL OF CHICAGO 2300 CHILDRENS PLAZA CHICAGO,IL60614	36-2170833	IRC 501(C)(3)	1,217,739	SPONSORED RESEARCH SUB-AWARD
(16) REGENTS OF THE UNIVERSITY OF CALIFORNIA - SAN DIEGO 9500 GILMAN DR LA JOLLA,CA92093	95-6006144	IRC 501(C)(3)	1,202,661	SPONSORED RESEARCH SUB-AWARD
(17) UNIVERSITY OF COLORADO 1201 LARIMER ST DENVER,CO80203	84-6000555	IRC 501(C)(3)	1,152,036	SPONSORED RESEARCH SUB-AWARD
(18) WESTAT CORPORATION 1600 RESEARCH BLVD ROCKVILLE,MD20850	84-0529566	NOT EXEMPT	1,123,778	SPONSORED RESEARCH SUB-AWARD
(19) STANFORD UNIVERSITY 3145 PORTER DR PALO ALTO,CA94304	94-1156365	IRC 501(C)(3)	1,028,218	SPONSORED RESEARCH SUB-AWARD
(20) POPULATION SERVICES INTERNATIONAL 1120 19TH ST NW STE 600 WASHINGTON,DC20036	56-0942853	IRC 501(C)(3)	1,008,227	SPONSORED RESEARCH SUB-AWARD
(21) BOSTON UNIVERSITY 25 BUICK ST BOSTON,MA02215	04-2103547	IRC 501(C)(3)	984,052	SPONSORED RESEARCH SUB-AWARD
(22) TUFTS UNIVERSITY 169 HOLLAND ST SOMERVILLE,MA02144	04-2103634	IRC 501(C)(3)	977,490	SPONSORED RESEARCH SUB-AWARD
(23) BRONX-LEBANON HOSPITAL CTR 1276 FULTON AVE BRONX,NY10456	13-1974191	IRC 501(C)(3)	939,213	SPONSORED RESEARCH SUB-AWARD
(24) UNIVERSITY OF FLORIDA 925 NW 56TH TER GAINESVILLE,FL32605	59-6002052	IRC 115	935,698	SPONSORED RESEARCH SUB-AWARD
(25) REGENTS OF THE UNIVERSITY OF MINNESOTA 1300 S 2ND ST STE 206 MINNEAPOLIS,MN55454	41-6007513	IRC 501(C)(3)	915,835	SPONSORED RESEARCH SUB-AWARD
(26) SOCIAL SCIENCE RESEARCH SOLUTIONS 53 WEST BALTIMORE PIKE MEDIA,PA19063		NOT EXEMPT	896,172	SPONSORED RESEARCH SUB-AWARD
(27) UNIVERSITY OF MASSACHUSETTS 140 HICKS WAY AMHERST,MA01003	04-3167352	IRC 115	869,316	SPONSORED RESEARCH SUB-AWARD
(28) YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT06520	91-1864328	IRC 501(C)(3)	850,890	SPONSORED RESEARCH SUB-AWARD
(29) UNIVERSITY OF ILLINOIS 108 HENRY ADMINISTRATIVE BLDG URBANA,IL61801	37-6000511	IRC 115	776,121	SPONSORED RESEARCH SUB-AWARD
(30) THE RESEARCH FOUNDATION OF STATE UNIVERSITY OF NEW YORK PO BOX 9 ALBANY,NY12201	14-1368361	IRC 501(C)(3)	773,824	SPONSORED RESEARCH SUB-AWARD
(31) VANDERBILT UNIVERSITY 2301 VANDERBILT PL NASHVILLE,TN37240	62-0476822	IRC 501(C)(3)	737,629	SPONSORED RESEARCH SUB-AWARD
(32) CALIFORNIA INSTITUTE OF TECHNOLOGY 1200 EAST CALIFORNIA BLVD PASADENA,CA91125	95-1643307	IRC 501(C)(3)	731,755	SPONSORED RESEARCH SUB-AWARD
(33) JUNGLE FRIENDS PRIMATE SANCTUARY 13915 NORTH STATE RD GAINESVILLE,FL32653	86-0859789	IRC 501(C)(3)	716,003	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(34) UNIVERSITY OF PITTSBURGH 116 ATWOOD ST STE 201 PITTSBURGH,PA15260	25-0965591	IRC 501(C)(3)	685,687	SPONSORED RESEARCH SUB-AWARD
(35) ST JUDE CHILDREN'S RESEARCH HOSPITAL 501 ST JUDE PL MEMPHIS,TN38105	62-0646012	IRC 501(C)(3)	677,382	SPONSORED RESEARCH SUB-AWARD
(36) UNIVERSITY OF MIAMI PO BOX 248106 CORAL GABLES,FL33124	59-0624458	IRC 501(C)(3)	667,063	SPONSORED RESEARCH SUB-AWARD
(37) TULANE UNIVERSITY 6823 ST CHARLES AVE NEW ORLEANS,LA70118	72-0423889	IRC 501(C)(3)	660,321	SPONSORED RESEARCH SUB-AWARD
(38) INDIANA UNIVERSITY 400 E 7TH ST POPLARS RM 501 BLOOMINGTON,IN47405	35-6001673	IRC 501(C)(3)	653,461	SPONSORED RESEARCH SUB-AWARD
(39) NEW YORK UNIVERSITY 105 EAST 17TH ST 4TH FL NEW YORK,NY10003	13-5562308	IRC 501(C)(3)	604,493	SPONSORED RESEARCH SUB-AWARD
(40) DARTMOUTH COLLEGE 7 LEBANON ST STE 307 HANOVER,NH03755	02-0222111	IRC 501(C)(3)	603,718	SPONSORED RESEARCH SUB-AWARD
(41) WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY 1300 YORK AVE NEW YORK,NY10065	15-0532082	IRC 501(C)(3)	603,346	SPONSORED RESEARCH SUB-AWARD
(42) BRANDEIS UNIVERSITY 415 SOUTH ST MS NO 116 WALTHAM,MA02454	04-2103552	IRC 501(C)(3)	581,287	SPONSORED RESEARCH SUB-AWARD
(43) COLUMBIA UNIVERSITY 1210 AMSTERDAM AVE MAIL CODE 2205 NEW YORK,NY10027	13-5598093	IRC 501(C)(3)	579,184	SPONSORED RESEARCH SUB-AWARD
(44) AKONNI BIOSYSTEMS INC 400 SAGNER AVE STE 300 FREDERICK,MD21701	16-1664925	NOT EXEMPT	558,382	SPONSORED RESEARCH SUB-AWARD
(45) MOUNT SINAI HOSPITAL ONE GUSTAVE L LEVY PL NEW YORK,NY10029	13-1624096	IRC 501(C)(3)	538,637	SPONSORED RESEARCH SUB-AWARD
(46) EMORY UNIVERSITY 1762 CLIFTON RD STE 1400 ATLANTA,GA30322	58-0566256	IRC 501(C)(3)	523,692	SPONSORED RESEARCH SUB-AWARD
(47) THE FORSYTH INSTITUTE 245 FIRST ST CAMBRIDGE,MA02142	04-2104230	IRC 501(C)(3)	510,918	SPONSORED RESEARCH SUB-AWARD
(48) DONALD DANFORTH PLANT SCIENCE CTR 975 NORTH WARSON RD ST LOUIS,MO63132	31-1584621	IRC 501(C)(3)	494,356	SPONSORED RESEARCH SUB-AWARD
(49) DIAGNOSTICS FOR ALL INC 840 MEMORIAL DR CAMBRIDGE,MA02139	26-1638199	IRC 501(C)(3)	480,849	SPONSORED RESEARCH SUB-AWARD
(50) BROWN UNIVERSITY 164 ANGELL ST PO BOX 1929 PROVIDENCE,RI02912	05-0258809	IRC 501(C)(3)	475,408	SPONSORED RESEARCH SUB-AWARD
(51) UNIVERSITY OF CONNECTICUT 115 N EAGLEVILLE RD STORRS MANSFIELD,CT06269	06-0772160	IRC 115	471,480	SPONSORED RESEARCH SUB-AWARD
(52) CHILDREN''S DIAGNOSTIC AND TREATMENT CTR INC 1401 S FEDERAL HWY FORT LAUDERDALE,FL33316	65-1026739	IRC 501(C)(3)	466,378	SPONSORED RESEARCH SUB-AWARD
(53) NORTHEASTERN UNIVERSITY 360 HUNTINGTON AVE BOSTON,MA02115	04-1679980	IRC 501(C)(3)	420,912	SPONSORED RESEARCH SUB-AWARD
(54) POPULATION COUNCIL ONE DAG HAMMARSKJOLD PLAZA NEW YORK,NY10017	13-1687001	IRC 501(C)(3)	420,523	SPONSORED RESEARCH SUB-AWARD
(55) REGENTS OF THE UNIVERSITY OF NEW MEXICO ONE UNIVERSITY OF NEW MEXICO ALBUQUERQUE,NM87131	85-6000642	IRC 501(C)(3)	412,147	SPONSORED RESEARCH SUB-AWARD
(56) JACOBI MEDICAL CTRNORTH BRONX HEALTHCARE NETWORK 1400 PELHAM PKWY SOUTH BRONX,NY10461	13-1849594	IRC 501(C)(3)	401,922	SPONSORED RESEARCH SUB-AWARD
(57) SAN JUAN CITY HOSPITAL PO BOX 70344 SAN JUAN,PR00936		EXEMPT	393,994	SPONSORED RESEARCH SUB-AWARD
(58) REGENTS OF THE UNIVERSITY OF CALIFORNIA SAN FRANCISCO UCSF BOX 0248 SAN FRANCISCO,CA94143	94-6036493	IRC 501(C)(3)	386,203	SPONSORED RESEARCH SUB-AWARD
(59) UNIVERSITY OF NORTH CAROLINA 104 AIRPORT DR STE 3600 CHAPEL HILL,NC27599	56-6001393	IRC 501(C)(3)	380,051	SPONSORED RESEARCH SUB-AWARD
(60) SMITHSONIAN ASTROPHYSICAL OBSERVATORY 60 GARDEN ST MS23 CAMBRIDGE,MA02138		GOVERNMENTAL UNIT	362,983	SPONSORED RESEARCH SUB-AWARD
(61) BOARD OF TRUSTEES OF THE UNIV OF AL BIRMINGHAM 1530 3RD AVE SOUTH BIRMINGHAM,AL35294	63-6001138	IRC 501(C)(3)	362,559	SPONSORED RESEARCH SUB-AWARD
(62) HARVARD PILGRIM HEALTH CARE INC 93 WORCESTER ST STE 100 WELLESLEY,MA02481	04-2452600	IRC 501(C)(3)	360,030	SPONSORED RESEARCH SUB-AWARD
(63) PENNINGTON BIOMEDICAL RESEARCH CTR 6400 PERKINS RD BATON ROUGE,LA70808	72-6000848	IRC 501(C)(3)	333,716	SPONSORED RESEARCH SUB-AWARD
(64) LANTANA CONSULTING GROUP PO BOX 177 EAST THETFORD,VT05043		NOT EXEMPT	327,179	SPONSORED RESEARCH SUB-AWARD
(65) DREXEL UNIVERSITY 3141 CHESTNUT ST PHILADELPHIA,PA19104	23-1352630	IRC 501(C)(3)	316,174	SPONSORED RESEARCH SUB-AWARD
(66) TEXAS A&M UNIVERSITY 3000 BRIARCREST DR STE 101 BRYAN,TX77802	74-2648747	IRC 115	305,197	SPONSORED RESEARCH SUB-AWARD
(67) ECONOMIC DEVELOPMENT AND INDUSTRIAL CORP BOSTON ONE CITY HALL SQ BOSTON,MA02201		GOVERNMENTAL UNIT	300,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(68) INSTITUTE OF INTERNATIONAL EDUCATION INC 1400 K ST NW WASHINGTON,DC20005	13-1624046	IRC 501(C)(3)	299,060	SPONSORED RESEARCH SUB-AWARD
(69) UNIVERSITY OF PUERTO RICO PO BOX 363682 SAN JUAN,PR00936	66-0433761	EXEMPT	297,157	SPONSORED RESEARCH SUB-AWARD
(70) NORTHWESTERN UNIVERSITY 633 CLARK ST EVANSTON,IL60208	36-2167817	IRC 501(C)(3)	292,238	SPONSORED RESEARCH SUB-AWARD
(71) WORLD HEALTH ORGANIZATION 525 23RD ST NW WASHINGTON,DC20037		GOVERNMENTAL UNIT	290,396	SPONSORED RESEARCH SUB-AWARD
(72) RAND CORPORATION 1700 MAIN ST SANTA MONICA,CA90407	95-1958142	IRC 501(C)(3)	282,344	SPONSORED RESEARCH SUB-AWARD
(73) MARINE BIOLOGICAL LABORATORY 7 MBL ST WOODS HOLE,MA02543	04-2104690	IRC 501(C)(3)	272,938	SPONSORED RESEARCH SUB-AWARD
(74) PARTNERS IN HEALTH PO BOX 845578 BOSTON,MA02284	04-3567502	IRC 501(C)(3)	258,975	SPONSORED RESEARCH SUB-AWARD
(75) LYRASIS 1438 W PEACHTREE ST NW STE 200 ATLANTA,GA30309	23-1365979	IRC 501(C)(3)	255,000	SPONSORED RESEARCH SUB-AWARD
(76) TITLE RESOURCES OF GAINESVILLE INC 2135 NW 40TH TER GAINESVILLE,FL32605		NOT EXEMPT	254,407	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(77) REGENTS OF THE UNIVERSITY OF CALIFORNIA LOS ANGELES 10920 WILSHIRE BLVD STE 620 LOS ANGELES,CA90024	95-6006143	IRC 501(C)(3)	253,337	SPONSORED RESEARCH SUB-AWARD
(78) JOSLIN DIABETES CTR INC ONE JOSLIN PL BOSTON,MA02215	04-2203836	IRC 501(C)(3)	252,763	SPONSORED RESEARCH SUB-AWARD
(79) JOSEPH M SMITH COMMUNITY HEALTH CTR INC 287 WESTERN AVE ALLSTON,MA02134	23-7221597	IRC 501(C)(3)	250,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(80) UNIVERSITY OF CHICAGO 5801 S ELLIS AVE CHICAGO,IL60637	36-2177139	IRC 501(C)(3)	248,166	SPONSORED RESEARCH SUB-AWARD
(81) WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH 9 CAMBRIDGE CTR CAMBRIDGE,MA02142	06-1043412	IRC 501(C)(3)	243,457	SPONSORED RESEARCH SUB-AWARD
(82) UNIVERSITY OF TEXAS HEALTH SCIENCE CTR AT HOUSTON 7000 FANNIN ST STE 1200 HOUSTON,TX77030	74-1761309	IRC 501(C)(3)	236,942	SPONSORED RESEARCH SUB-AWARD
(83) GEORGIA INSTITUTE OF TECHNOLOGY 500 TECH PKWY ATLANTA,GA30332	58-6002023	IRC 501(C)(3)	233,286	SPONSORED RESEARCH SUB-AWARD
(84) UNIVERSITY OF WASHINGTON 3917 UNIVERSITY WAY NE BOX 351122 SEATTLE,WA98105	91-6001537	IRC 115	229,752	SPONSORED RESEARCH SUB-AWARD
(85) DURHAM PUBLIC SCHOOLS 511 CLEVELAND ST DURHAM,NC27702		GOVERNMENTAL UNIT	225,415	SPONSORED RESEARCH SUB-AWARD
(86) UNIVERSITY OF WISCONSIN 3202 N MARYLAND AVE MILWAUKEE,WI53211	39-1805963	IRC 115	222,630	SPONSORED RESEARCH SUB-AWARD
(87) SCRIPPS RESEARCH INSTITUTE 10550 NORTH TORREY PINES RD LA JOLLA,CA92037	33-0435954	IRC 501(C)(3)	221,902	SPONSORED RESEARCH SUB-AWARD
(88) CAMBRIDGE HEALTH ALLIANCE 1493 CAMBRIDGE ST CAMBRIDGE,MA02139	04-3320571	IRC 501(C)(3)	218,092	SPONSORED RESEARCH SUB-AWARD
(89) GREATER BOSTON LEGAL SERVICES 197 FRIEND ST BOSTON,MA02114	04-2103907	IRC 501(C)(3)	214,060	SPONSORED RESEARCH SUB-AWARD
(90) DUKE UNIVERSITY 324 BLACKWELL ST STE 850 DURHAM,NC27701	56-0532129	IRC 501(C)(3)	213,841	SPONSORED RESEARCH SUB-AWARD
(91) UNIVERSITY OF NEW HAMPSHIRE 105 MAIN ST DURHAM,NH03824	02-6000937	IRC 115	210,668	SPONSORED RESEARCH SUB-AWARD
(92) REGENTS OF THE UNIVERSITY OF CALIFORNIA SANTA CRUZ 1156 HIGH ST SANTA CRUZ,CA95064	94-1539563	IRC 501(C)(3)	207,039	SPONSORED RESEARCH SUB-AWARD
(93) REGENTS OF THE UNIVERSITY OF CALIFORNIA DAVIS ONE SHIELDS AVE DAVIS,CA95616	94-6036494	IRC 501(C)(3)	202,846	SPONSORED RESEARCH SUB-AWARD
(94) WOODROW WILSON INTERNATIONAL CTR FOR SCHOLARS 1300 PENNSYLVANIA AVE NW WASHINGTON,DC20004	52-1067541	IRC 501(C)(3)	195,123	SPONSORED RESEARCH SUB-AWARD
(95) DANA-FARBERPARTNERS CANCER CARE INC 450 BROOKLINE AVE BP371 BOSTON,MA02215	04-3554536	IRC 501(C)(3)	189,167	SPONSORED RESEARCH SUB-AWARD
(96) FRED HUTCHINSON CANCER RESEARCH CTR 1100 FAIRVIEW AVE SEATTLE,WA98109	23-7156071	IRC 501(C)(3)	187,988	SPONSORED RESEARCH SUB-AWARD
(97) LAWRENCE BERKELEY NATIONAL LAB ONE CYCLOTRON RD MS 971-SP BERKELEY,CA94720	94-2951741	IRC 501(C)(3)	178,791	SPONSORED RESEARCH SUB-AWARD
(98) REGENTS OF THE UNIVERSITY OF CALIFORNIA AT BERKELEY 2195 HEARST AVE RM 120 BERKELEY,CA94720	94-6002123	IRC 501(C)(3)	172,012	SPONSORED RESEARCH SUB-AWARD
(99) RESULTS FOR DEVELOPMENT INSTITUTE 1100 15TH ST NW STE 400 WASHINGTON,DC20005	20-8530747	IRC 501(C)(3)	170,495	SPONSORED RESEARCH SUB-AWARD
(100) UNIVERSITY OF MEDICINE AND DENTISTRY OF NEW JERSEY 185 SOUTH ORANGE AVE NEWARK,NJ07103	22-1775306	IRC 115	168,841	SPONSORED RESEARCH SUB-AWARD
(101) OPEN KNOWLEDGE COMMONS 23 EVERETT ST 2ND FL CAMBRIDGE,MA02138	26-3463867	IRC 501(C)(3)	166,540	SPONSORED RESEARCH SUB-AWARD
(102) BOSTON COLLEGE 140 COMMONWEALTH AVE CHESTNUT HILL,MA02467	04-2103545	IRC 501(C)(3)	154,765	SPONSORED RESEARCH SUB-AWARD
(103) BOARD OF REGENTS OF THE UNIV OF WI MADISON 750 UNIVERSITY AVE MADISON,WI53706	39-6006492	IRC 115	153,107	SPONSORED RESEARCH SUB-AWARD
(104) MORNINGSIDE ANALYTICS 116 W 23RD ST NEW YORK,NY10011		NOT EXEMPT	150,000	SPONSORED RESEARCH SUB-AWARD
(105) WOODS HOLE OCEANOGRAPHIC INSTITUTION 221 OYSTER POND RD WOODS HOLE,MA02543	04-2105850	IRC 501(C)(3)	149,567	SPONSORED RESEARCH SUB-AWARD
(106) URBAN INSTITUTE 2100 M ST NW WASHINGTON,DC20037	52-0880375	IRC 501(C)(3)	144,816	SPONSORED RESEARCH SUB-AWARD
(107) CENTEYE INC 4905 RENO ROAD NW WASHINGTON,DC20008	52-2234809	NOT EXEMPT	143,569	SPONSORED RESEARCH SUB-AWARD
(108) MUSEUM OF SCIENCE ONE SCIENCE PARK BOSTON,MA02114	04-2103916	IRC 501(C)(3)	142,357	SPONSORED RESEARCH SUB-AWARD
(109) MCLEAN HOSPITAL 115 MILL ST BELMONT,MA02478	04-2697981	IRC 501(C)(3)	141,339	SPONSORED RESEARCH SUB-AWARD
(110) HARVARD PILGRIM HEALTH CARE FDN 93 WORCESTER ST STE 100 WELLESLEY,MA02481	04-2708004	IRC 501(C)(3)	139,167	SPONSORED RESEARCH SUB-AWARD
(111) SWEDISH MEDICAL CTR 747 BROADWAY SEATTLE,WA98122	91-0983214	IRC 501(C)(3)	136,441	SPONSORED RESEARCH SUB-AWARD
(112) GEORGETOWN UNIVERSITY PO BOX 571168 37 AND O ST NW WASHINGTON,DC20057	53-0196603	IRC 501(C)(3)	133,015	SPONSORED RESEARCH SUB-AWARD
(113) URBAN REVIVAL INC 284 AMORY ST 1ST FL JAMAICA PLAIN,MA02130	04-2660311	IRC 501(C)(3)	132,605	SPONSORED RESEARCH SUB-AWARD
(114) REGENTS OF THE UNIVERSITY OF CALIFORNIA AT IRVINE 1400 BIOLOGICAL SCIENCES 3 IRVINE,CA92697	95-2226406	IRC 501(C)(3)	132,226	SPONSORED RESEARCH SUB-AWARD
(115) OREGON HEALTH AND SCIENCE UNIVERSITY 3181 SW SAM JACKSON PARK RD PORTLAND,OR97239	93-1176109	IRC 115	123,224	SPONSORED RESEARCH SUB-AWARD
(116) WASHINGTON STATE UNIVERSITY PO BOX 643140 PULLMAN,WA99164	91-6001108	IRC 115	119,905	SPONSORED RESEARCH SUB-AWARD
(117) SMITHSONIAN INSTITUTION 1000 JEFFERSON DR SW WASHINGTON,DC20560	53-0206027	IRC 501(C)(3)	119,757	SPONSORED RESEARCH SUB-AWARD
(118) CAMBRIDGE MEDICAL CARE FDN 1493 CAMBRIDGE ST CAMBRIDGE,MA02139	04-2752962	IRC 501(C)(3)	114,091	SPONSORED RESEARCH SUB-AWARD
(119) JSI - JOHN SNOW RESEARCH AND TRAINING INST INC 44 FARNSWORTH ST BOSTON,MA02210	04-2679824	IRC 501(C)(3)	111,265	SPONSORED RESEARCH SUB-AWARD
(120) UNIVERSITY OF MAINE 5717 CORBETT HALL ORONO,ME04469	01-6000769	IRC 501(C)(3)	108,773	SPONSORED RESEARCH SUB-AWARD
(121) NEW YORK HALL OF SCIENCE 47-01 111TH ST QUEENS,NY11368	11-2104059	IRC 501(C)(3)	102,873	SPONSORED RESEARCH SUB-AWARD
(122) WASHINGTON UNIVERSITY 700 ROSEDALE AVE ST LOUIS,MO63112	43-0653611	IRC 501(C)(3)	101,220	SPONSORED RESEARCH SUB-AWARD
(123) TEXAS ENGINEERING EXPERIMENT STATION 3470 TAMU COLLEGE STATION,TX77843	74-1974733	IRC 501(C)(3)	100,832	SPONSORED RESEARCH SUB-AWARD
(124) BOSTON REDEVELOPMENT AUTHORITY ONE CITY HALL 9TH FL BOSTON,MA02201		GOVERNMENTAL UNIT	100,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(125) FUND FOR PARKS AND RECREATION IN BOSTON 1010 MASSACHUSETTS AVE BOSTON,MA02118	04-2784811	IRC 501(C)(3)	100,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(126) KAISER PERMANENTE 1800 HARRISON ST 16TH FL OAKLAND,CA94612	94-1340523	IRC 501(C)(3)	98,570	SPONSORED RESEARCH SUB-AWARD
(127) UNIVERSITY AT ALBANY (STATE UNIVERSITY OF NEW YORK) 1400 WASHINGTON AVE AD 216 ALBANY,NY12222	16-1514621	IRC 115	95,887	SPONSORED RESEARCH SUB-AWARD
(128) BOSTON VA RESEARCH INSTITUTE INC 150 SOUTH HUNTINGTON AVE BOSTON,MA02130	04-3081524	IRC 501(C)(3)	95,804	SPONSORED RESEARCH SUB-AWARD
(129) VANDERBILT MEDICAL CTR 1211 MEDICAL CTR DR NASHVILLE,TN37232	16-2047682	IRC 501(C)(3)	94,246	SPONSORED RESEARCH SUB-AWARD
(130) WAYNE STATE UNIVERSITY 5700 CASS AVE STE 3100 DETROIT,MI48202	38-6028429	IRC 501(C)(3)	92,502	SPONSORED RESEARCH SUB-AWARD
(131) NEW ENGLAND RESEARCH INSTITUTES INC 9 GALEN ST WATERTOWN,MA02472	04-2919509	EXEMPT	90,714	SPONSORED RESEARCH SUB-AWARD
(132) HEALTH SYSTEMS INNOVATION NETWORK LLC 2601 ARCOLA LN WAYZATA,MN55391		NOT EXEMPT	90,000	SPONSORED RESEARCH SUB-AWARD
(133) BOARD OF REGENTS OF THE UNIV OF AZ MAIN GATE CTR TUCSON,AZ85721	86-0196696	IRC 115	86,700	SPONSORED RESEARCH SUB-AWARD
(134) HEALTHPARTNERS INST FOR EDUC AND RES 8170 33RD AVE SOUTH MINNEAPOLIS,MN55440	41-1670163	IRC 501(C)(3)	85,827	SPONSORED RESEARCH SUB-AWARD
(135) NATIONAL DEVELOPMENT AND RESEARCH INSTITUTE INC 71 W 23RD ST 4TH FL NEW YORK,NY10010	23-7009089	IRC 501(C)(3)	85,114	SPONSORED RESEARCH SUB-AWARD
(136) UNIVERSITY OF HOUSTON 4800 CALHOUN RD HOUSTON,TX77004	74-6001399	IRC 115	82,202	SPONSORED RESEARCH SUB-AWARD
(137) MATHEMATICA POLICY RESEARCH INC PO BOX 2393 PRINCETON,NJ08543	22-2112296	NOT EXEMPT	82,178	SPONSORED RESEARCH SUB-AWARD
(138) BOSTON PUBLIC SCHOOLS 26 COURT ST 5TH FL BOSTON,MA02108		GOVERNMENTAL UNIT	80,165	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS AND SPONSORED RESEARCH SUB-AWARD
(139) ATMOSPHERIC & ENVIRONMENTAL RESEARCH INC 131 HARTWELL AVE LEXINGTON,MA02421	04-2608324	NOT EXEMPT	78,985	SPONSORED RESEARCH SUB-AWARD
(140) UNIVERSITY OF ROCHESTER 910 GENESEE ST ROCHESTER,NY14611	16-0743209	IRC 501(C)(3)	76,672	SPONSORED RESEARCH SUB-AWARD
(141) BOSTON PUBLIC LIBRARY 700 BOYLSTON ST BOSTON,MA02116	04-6151731	GOVERNMENTAL UNIT	75,000	SPONSORED RESEARCH SUB-AWARD
(142) UNIVERSITY OF PENNSYLVANIA 3451 WALNUT ST PHILADELPHIA,PA19104	23-1352685	IRC 501(C)(3)	71,137	SPONSORED RESEARCH SUB-AWARD
(143) HELEN KELLER INTERNATIONAL 352 PARK AVE SOUTH 12TH FL NEW YORK,NY10010	13-5562162	IRC 501(C)(3)	69,014	SPONSORED RESEARCH SUB-AWARD
(144) STRATEGIC EDUCATION RESEARCH PARTNERSHIP 1101 14TH ST NW WASHINGTON,DC20005	30-0231116	IRC 501(C)(3)	67,241	SPONSORED RESEARCH SUB-AWARD
(145) CHILDREN'S HOSPITAL OF PHILADELPHIA 34TH ST AND CIVIC CTR BLVD PHILADELPHIA,PA19104	23-1352166	IRC 501(C)(3)	66,616	SPONSORED RESEARCH SUB-AWARD
(146) NATIONAL OPINION RESEARCH CTR 55 E MONROE ST 20TH FL CHICAGO,IL60603	36-2167808	IRC 501(C)(3)	65,248	SPONSORED RESEARCH SUB-AWARD
(147) BRIGHAM YOUNG UNIVERSITY PO BOX 21231 PROVO,UT84602	87-0217280	IRC 501(C)(3)	63,556	SPONSORED RESEARCH SUB-AWARD
(148) MERCY HEALTH 14528 S OUTER FORTY STE 100 CHESTERFIELD,MO63017	43-1423050	NOT EXEMPT	62,300	SPONSORED RESEARCH SUB-AWARD
(149) UNIVERSITY OF UTAH 201 PRESIDENTS CIR RM 411 SALT LAKE CITY,UT84112	87-6000525	IRC 501(C)(3)	62,046	SPONSORED RESEARCH SUB-AWARD
(150) DEPT OF SOCIAL AND HEALTH SVCS PO BOX 45131 OLYMPIA,WA98504		GOVERNMENTAL UNIT	61,252	SPONSORED RESEARCH SUB-AWARD
(151) TEMPLE UNIVERSITY 1801 NORTH BROAD ST PHILADELPHIA,PA19122	23-1365971	IRC 501(C)(3)	60,377	SPONSORED RESEARCH SUB-AWARD
(152) HOWARD UNIVERSITY 2400 6TH ST NW WASHINGTON,DC20059	53-0204707	IRC 501(C)(3)	60,298	SPONSORED RESEARCH SUB-AWARD
(153) SUSTAINABLE INNOVATIONS LLC 160 OAK ST UNIT 412 GLASTONBURY,CT06033	04-1645622	NOT EXEMPT	58,919	SPONSORED RESEARCH SUB-AWARD
(154) LOS ANGELES UNIFIED SCHOOL DISTRICT 333 S BEAUDRY AVE 24TH FL LOS ANGELES,CA90017	95-6101193	GOVERNMENTAL UNIT	58,175	SPONSORED RESEARCH SUB-AWARD
(155) LOS ALAMOS NATIONAL LABORATORY PO BOX 1663 LOS ALAMOS,NM87545		GOVERNMENTAL UNIT	57,911	SPONSORED RESEARCH SUB-AWARD
(156) CTR FOR YOUTH WELLNESS 3450 3RD ST BLDG 2 STE 201 SAN FRANCISCO,CA94124	45-2527627	IRC 501(C)(3)	55,036	SPONSORED RESEARCH SUB-AWARD
(157) UNIVERSITY OF VERMONT 85 SOUTH PROSPECT ST RM 333 BURLINGTON,VT05405	03-0179440	IRC 501(C)(3)	54,356	SPONSORED RESEARCH SUB-AWARD
(158) FULTON COUNTY SCHOOL SYSTEM 786 CLEVELAND AVE SW ATLANTA,GA30315		GOVERNMENTAL UNIT	51,600	SPONSORED RESEARCH SUB-AWARD
(159) ASSOC OF UNIVERSITIES FOR RESEARCH IN ASTRONOMY INC 1212 NEW YORK AVE NW NO 450 WASHINGTON,DC20005	86-0138043	IRC 501(C)(3)	51,168	SPONSORED RESEARCH SUB-AWARD
(160) CITY OF BOSTON ONE CITY HALL SQ BOSTON,MA02201		GOVERNMENTAL UNIT	51,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(161) LAHEY CLINIC 41 MALL RD BURLINGTON,MA02115	04-2704683	IRC 501(C)(3)	50,992	SPONSORED RESEARCH SUB-AWARD
(162) HARVARD SQUARE BUSINESS ASSOCIATION 18 BRATTLE ST NO 352 CAMBRIDGE,MA02138	04-2647383	IRC 501(C)(6)	50,825	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(163) AMERICAN COUNCIL OF LEARNED SOCIETIES 633 3RD AVE 8TH FL NEW YORK,NY10017	13-1851145	IRC 501(C)(3)	50,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(164) CLOUD FOUNDATION 647 BOYLSTON ST BOSTON,MA02116	22-3681278	IRC 501(C)(3)	50,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(165) JOBS FOR THE FUTURE 88 BROAD ST 8TH FL BOSTON,MA02110	06-1164568	IRC 501(C)(3)	50,000	SPONSORED RESEARCH SUB-AWARD
(166) FBREAGENTS 199 AUBURN ST CAMBRIDGE,MA02139		NOT EXEMPT	49,697	SPONSORED RESEARCH SUB-AWARD
(167) NORTH CAROLINA STATE UNIVERSITY 2211 HILLSBOROUGH ST RALEIGH,NC27607	56-6000756	IRC 115	45,483	SPONSORED RESEARCH SUB-AWARD
(168) GEORGE WASHINGTON UNIVERSITY 54155 RESEARCH PL STE 160 ASHBURN,VA20147	53-0196584	IRC 501(C)(3)	44,108	SPONSORED RESEARCH SUB-AWARD
(169) SAVE THE CHILDREN FEDERATION INC 54 WILTON RD WESTPORT,CT06880	06-0726487	IRC 501(C)(3)	42,986	SPONSORED RESEARCH SUB-AWARD
(170) MARQUETTE UNIVERSITY 915 W WISCONSIN AVE MILWAUKEE,WI53233	39-0806251	IRC 501(C)(3)	42,073	SPONSORED RESEARCH SUB-AWARD
(171) SAINT LOUIS UNIVERSITY 221 N GRAND BLVD ST LOUIS,MO63103	43-0654872	IRC 501(C)(3)	40,097	SPONSORED RESEARCH SUB-AWARD
(172) MEMORIAL SLOAN KETTERING 1275 YORK AVE NEW YORK,NY10021	13-1924236	IRC 501(C)(3)	39,451	SPONSORED RESEARCH SUB-AWARD
(173) GENZYME CORP 500 KENDALL ST CAMBRIDGE,MA02142	06-1047163	NOT EXEMPT	38,617	SPONSORED RESEARCH SUB-AWARD
(174) COMMITTEE FOR BOSTON PUBLIC HOUSING 100 TERRACE ST STE B BOSTON,MA02120	04-2730930	IRC 501(C)(3)	37,489	SPONSORED RESEARCH SUB-AWARD
(175) UNIVERSITY OF NEBRASKA 1400 R ST LINCOLN,NE68588	47-0049123	IRC 501(C)(3)	36,565	SPONSORED RESEARCH SUB-AWARD
(176) EXPONENT INC 149 COMMONWEALTH DR MENLO PARK,CA94025	77-0218904	NOT EXEMPT	35,620	SPONSORED RESEARCH SUB-AWARD
(177) INSTITUTE FOR WILDLIFE STUDIES PO BOX 1104 ARCATA,CA95518	94-2612613	IRC 501(C)(3)	35,415	SPONSORED RESEARCH SUB-AWARD
(178) WORLD WILDLIFE FUND - US 1250 24TH ST NW WASHINGTON,DC20037	52-1693387	IRC 501(C)(3)	35,000	SPONSORED RESEARCH SUB-AWARD
(179) ENOCH PRATT FREE LIBRARY 400 CATHEDRAL ST BALTIMORE,MD21201	52-6001143	IRC 501(C)(3)	34,064	SPONSORED RESEARCH SUB-AWARD
(180) RESEARCH TRIANGLE INSTITUTE INTERNATIONAL 3040 E CORNWALLIS RD RSCH TRIANGLE PARK,NC27709	56-0686338	IRC 501(C)(3)	33,649	SPONSORED RESEARCH SUB-AWARD
(181) UNIVERSITY OF CINCINNATI 2600 CLIFTON AVE CINCINNATI,OH45221	31-6000989	IRC 115	32,389	SPONSORED RESEARCH SUB-AWARD
(182) UNIVERSITY OF SOUTH FLORIDA 4202 EAST FOWLER AVE TAMPA,FL33620	59-3102112	IRC 115	32,336	SPONSORED RESEARCH SUB-AWARD
(183) RELAY GRADUATE SCHOOL OF EDUCATION 40 WEST 20TH ST 7TH FL NEW YORK,NY10011	27-5316628	IRC 501(C)(3)	32,000	SPONSORED RESEARCH SUB-AWARD
(184) GWINNETT COUNTY PUBLIC SCHOOLS 437 OLD PEACHTREE RD NW SUWANEE,GA30021		GOVERNMENTAL UNIT	31,647	SPONSORED RESEARCH SUB-AWARD
(185) CRITTENTON WOMEN''S UNION INC ONE WASHINGTON MALL BOSTON,MA02108	04-2104046	IRC 501(C)(3)	31,620	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS AND SPONSORED RESEARCH SUB-AWARD
(186) UNIVERSITY OF DELAWARE 220 HULLIHEN HALL NEWARK,DE19716	51-6000297	IRC 501(C)(3)	30,794	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(187) PSYCHOLOGICAL CLINICAL SCIENCE ACCREDIT SYSTEM INC 1101 E 10TH ST BLOOMINGTON,IN47405	26-3018654	IRC 501(C)(3)	30,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(188) BOSTON HEALTH CARE FOR THE HOMELESS PROGRAM 780 ALBANY ST BOSTON,MA02118	04-3160480	IRC 501(C)(3)	29,415	SPONSORED RESEARCH SUB-AWARD
(189) SOUTH CAROLINA COUNCIL ON COMPETITIVENESS 1411 GERVAIS ST STE 315 COLUMBIA,SC29201	20-1690146	IRC 501(C)(3)	28,733	SPONSORED RESEARCH SUB-AWARD
(190) DC PUBLIC EDUCATION FUND 1534 14TH ST NW WASHINGTON,DC20005	26-1607955	IRC 501(C)(3)	28,421	SPONSORED RESEARCH SUB-AWARD
(191) MAYO CLINIC 4500 SAN PABLO RD JACKSONVILLE,FL32224	59-3337028	IRC 501(C)(3)	28,377	SPONSORED RESEARCH SUB-AWARD
(192) NORFOLK PUBLIC SCHOOLS 800 E CITY HALL AVE NORFOLK,VA23510		GOVERNMENTAL UNIT	28,074	SPONSORED RESEARCH SUB-AWARD
(193) CAMBRIDGE FAMILY AND CHILDREN'S SERVICE 60 GORE ST CAMBRIDGE,MA02141	04-2104057	IRC 501(C)(3)	27,750	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(194) CHELSEA COLLABORATIVE INC 318 BROADWAY CHELSEA,MA02150	22-2906521	IRC 501(C)(3)	26,487	SPONSORED RESEARCH SUB-AWARD
(195) AURORA HEALTH CARE 750 W VIRGINIA ST BOX 341880 MILWAUKEE,WI53234	39-1442285	IRC 501(C)(3)	25,555	SPONSORED RESEARCH SUB-AWARD
(196) COMMONWEALTH OF MADEPT OF EDUCATION 350 MAIN ST MALDEN,MA02148		GOVERNMENTAL UNIT	25,000	SPONSORED RESEARCH SUB-AWARD
(197) CHILDREN'S HOSPITAL OF ALABAMA 1600 7TH AVE SOUTH BIRMINGHAM,AL35233	63-0307306	IRC 501(C)(3)	24,991	SPONSORED RESEARCH SUB-AWARD
(198) CREIGHTON UNIVERSITY SCHOOL OF DENTISTRY 2500 CALIFORNIA PLAZA OMAHA,NE68154	47-0376583	IRC 501(C)(3)	24,638	SPONSORED RESEARCH SUB-AWARD
(199) LIFEPLANS INC 51 SAWYER RD STE 340 WALTHAM,MA02453	04-2925808	NOT EXEMPT	23,198	SPONSORED RESEARCH SUB-AWARD
(200) PHILLIPS BROOKS HOUSE ASSOCIATION ONE HARVARD YARD CAMBRIDGE,MA02138	04-6046123	IRC 501(C)(3)	23,160	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(201) WELLESLEY COLLEGE 106 CENTRAL ST WELLESLEY,MA02481	04-2103637	IRC 501(C)(3)	22,801	SPONSORED RESEARCH SUB-AWARD
(202) NORTHERN CALIFORNIA CANCER CTR 2201 WALNUT AVE STE 300 FREMONT,CA94538	23-7427232	IRC 501(C)(3)	22,778	SPONSORED RESEARCH SUB-AWARD
(203) BOSTON MEDICAL CTR ONE BOSTON MEDICAL CTR PL BOSTON,MA02118	04-3314093	IRC 501(C)(3)	22,413	SPONSORED RESEARCH SUB-AWARD
(204) SKIDMORE COLLEGE 815 NORTH BROADWAY SARATOGA SPRINGS,NY12866	14-1338562	IRC 501(C)(3)	21,763	SPONSORED RESEARCH SUB-AWARD
(205) POMONA COLLEGE 150 E 8TH ST PENDLETON BLDG 108 CLAREMONT,CA91711	95-1664112	IRC 501(C)(3)	21,762	SPONSORED RESEARCH SUB-AWARD
(206) MASSACHUSETTS TECHNOLOGY COLLABORATIVE 75 NORTH DR WESTBOROUGH,MA01581		GOVERNMENTAL UNIT	21,451	SPONSORED RESEARCH SUB-AWARD
(207) FENWAY COMMUNITY HEALTH CTR 1340 BOYLSTON ST BOSTON,MA02215	04-2510564	IRC 501(C)(3)	20,770	SPONSORED RESEARCH SUB-AWARD
(208) INTERNATIONAL SOCIETY OF PSYCHIATRIC GENETICS 5034 A THOROUGHBRED LN BRENTWOOD,TN37027	88-0293000	IRC 501(C)(3)	20,650	SPONSORED RESEARCH SUB-AWARD
(209) COLLEGE OF WILLIAM & MARY 200 STADIUM DR WILLIAMSBURG,VA23186	54-6001718	EXEMPT	20,571	SPONSORED RESEARCH SUB-AWARD
(210) SCHIZOPHRENIA INT''L RESEARCH SOCIETY INC 5034 A THOROUGHBRED LN BRENTWOOD,TN37027	20-3585630	IRC 501(C)(3)	20,000	SPONSORED RESEARCH SUB-AWARD
(211) SISTERS OF ST JOSEPH 241 SAINT GEORGE ST ST AUGUSTINE,FL32084	59-6016039	IRC 501(C)(3)	20,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(212) YMCA OF GREATER BOSTON 316 HUNTINGTON AVE BOSTON,MA02115	04-2103551	IRC 501(C)(3)	20,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(213) THOMPSON SCHOOL DISTRICT R2-J 800 S TAFT AVE LOVELAND,CO80537		GOVERNMENTAL UNIT	19,375	SPONSORED RESEARCH SUB-AWARD
(214) UNIVERSITY OF MARYLAND 3300 METZEROTT RD ADELPHI,MD20783	52-6002033	IRC 115	18,873	SPONSORED RESEARCH SUB-AWARD
(215) SPAULDING REHABILITATION HOSPITAL 300 1ST AVE CHARLESTOWN,MA02129	04-2551124	IRC 501(C)(3)	18,560	SPONSORED RESEARCH SUB-AWARD
(216) PENN STATE UNIVERSITY 408 OLD MAIN UNIVERSITY PARK,PA16802	24-6000376	IRC 115	17,627	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(217) EMPHATIC COMMUNICATIONS 120 STATE AVE NE NO 304 OLYMPIA,WA98501		NOT EXEMPT	17,491	SPONSORED RESEARCH SUB-AWARD
(218) CINCINNATI CHILDREN'S HOSPITAL MEDICAL CTR 3333 BURNET AVE CINCINNATI,OH45229	31-0833936	IRC 501(C)(3)	16,636	SPONSORED RESEARCH SUB-AWARD
(219) CAMBRIDGE COMMUNITY CTR 5 CALLENDER ST CAMBRIDGE,MA02139	04-2477881	IRC 501(C)(3)	15,500	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(220) CITY OF CAMBRIDGE 795 MASSACHUSETTS AVE CAMBRIDGE,MA02139		GOVERNMENTAL UNIT	15,400	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(221) PRINCE GEORGE COUNTY PUBLIC SCHOOLS 6410 COURTS DR PRINCE GEORGE,VA23875		GOVERNMENTAL UNIT	15,000	SPONSORED RESEARCH SUB-AWARD
(222) BOSTON HOUSING AUTHORITY 52 CHAUNCY ST BOSTON,MA02111	04-6001907	GOVERNMENTAL UNIT	14,200	SPONSORED RESEARCH SUB-AWARD
(223) OREGON BUSINESS COUNCIL 1100 SW 6TH AVE STE 1608 PORTLAND,OR97204	93-0884244	IRC 501(C)(6)	14,062	SPONSORED RESEARCH SUB-AWARD
(224) BOSTON CHILDREN'S MUSEUM 300 CONGRESS ST BOSTON,MA02210	04-2103993	IRC 501(C)(3)	14,000	SPONSORED RESEARCH SUB-AWARD
(225) HENRY M JACKSON FDN FOR THE ADVCMT OF MILITARY MED INC 6720A ROCKLEDGE DR STE 100 BETHESDA,MD20817	52-1317896	IRC 501(C)(3)	13,735	SPONSORED RESEARCH SUB-AWARD
(226) TEXAS BIOMEDICAL RESEARCH INSTITUTE 7620 NW LOOP 410 SAN ANTONIO,TX78227	74-1109630	IRC 501(C)(3)	13,680	SPONSORED RESEARCH SUB-AWARD
(227) WEST END HOUSE INC 105 ALLSTON ST ALLSTON,MA02134	04-2105825	IRC 501(C)(3)	13,600	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(228) UNIVERSITY OF MISSOURI 319 JESSE HALL COLUMBIA,MO65211	43-6003859	IRC 115	13,533	SPONSORED RESEARCH SUB-AWARD
(229) SAGE BIONETWORKS 1100 FAIRVIEW AVE NORTH SEATTLE,WA98109	26-4489946	IRC 501(C)(3)	13,515	SPONSORED RESEARCH SUB-AWARD
(230) SUCCESS FOR ALL FOUNDATION INC 200 W TOWSONTOWN BLVD BALTIMORE,MD21204	52-2061820	IRC 501(C)(3)	13,314	SPONSORED RESEARCH SUB-AWARD
(231) EMMANUEL COLLEGE 400 THE FENWAY BOSTON,MA02115	04-2105769	IRC 501(C)(3)	13,022	SPONSORED RESEARCH SUB-AWARD
(232) HEBREW REHABILITATION CTR FOR AGED 1200 CENTRE ST ROSLINDALE,MA02131	04-2104298	IRC 501(C)(3)	12,372	SPONSORED RESEARCH SUB-AWARD
(233) PRINCETON UNIVERSITY 701 CARNEGIE CTR STE 445 PRINCETON,NJ08540	21-0634501	IRC 501(C)(3)	12,084	SPONSORED RESEARCH SUB-AWARD
(234) TERC 2067 MASSACHUSETTS AVE CAMBRIDGE,MA02140	04-6134355	IRC 501(C)(3)	11,782	SPONSORED RESEARCH SUB-AWARD
(235) WGBH EDUCATIONAL FOUNDATION ONE GUEST ST BOSTON,MA02135	04-2104397	IRC 501(C)(3)	11,228	SPONSORED RESEARCH SUB-AWARD
(236) SIMMONS COLLEGE 300 THE FENWAY BOSTON,MA02115	04-2103629	IRC 501(C)(3)	11,157	SPONSORED RESEARCH SUB-AWARD
(237) ALLSTON BRIGHTON COMMUNITY DEVELOPMENT CORP 20 LINDEN ST ALLSTON,MA02134	04-2716278	IRC 501(C)(3)	10,800	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(238) CHARLES RIVER CONSERVANCY 4 BRATTLE ST CAMBRIDGE,MA02138	04-3503656	IRC 501(C)(3)	10,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(239) MIT MUSEUM 265 MASSACHUSETTS AVE CAMBRIDGE,MA02139		EXEMPT	10,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(240) RODEL FOUNDATION OF DELAWARE PO BOX 1636 WILMINGTON,DE19899	91-1944585	IRC 501(C)(3)	10,000	SPONSORED RESEARCH SUB-AWARD
(241) THE JACKSON LABORATORY 600 MAIN ST BAR HARBOR,ME04609	01-0211513	IRC 501(C)(3)	9,546	SPONSORED RESEARCH SUB-AWARD
(242) PRIMARY SOURCE INC 101 WALNUT ST WATERTOWN,MA02472	04-2911053	IRC 501(C)(3)	9,000	SPONSORED RESEARCH SUB-AWARD
(243) INNERCITY WEIGHTLIFTING INC PO BOX 171313 BOSTON,MA02117	27-1333425	IRC 501(C)(3)	8,900	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(244) NATIONAL COLLEGE ADVISING CORPS INC 301 W BARBEE CHAPEL RD STE 100 CHAPEL HILL,NC27517	46-1192687	IRC 501(C)(3)	8,900	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(245) MARGARET FULLER NEIGHBORHOOD HOUSE 71 CHERRY ST CAMBRIDGE,MA02139	04-2103782	IRC 501(C)(3)	8,500	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(246) COLLEGE POSSIBLE INC 450 N SYNDICATE ST NO 200 SAINT PAUL,MN55104	41-1968798	IRC 501(C)(3)	8,463	SPONSORED RESEARCH SUB-AWARD
(247) MATH SOLUTIONS PROFESSIONAL DEVELOPMENT ONE HARBOR DR STE 101 SAUSALITO,CA94965		NOT EXEMPT	8,401	SPONSORED RESEARCH SUB-AWARD
(248) ON THE RISE INC 341 BROADWAY CAMBRIDGE,MA02139	04-3290689	IRC 501(C)(3)	8,155	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(249) DORCHESTER HOUSE MULTI SERVICE CTR 1353 DORCHESTER AVE DORCHESTER,MA02122	23-7125970	IRC 501(C)(3)	8,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(250) MISSION HILL YOUTH COLLABORATIVE 31 LENOX ST BOSTON,MA02118		GOVERNMENTAL UNIT	8,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(251) NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 MASSACHUSETTS AVE CAMBRIDGE,MA02138	13-1641075	IRC 501(C)(3)	7,737	SPONSORED RESEARCH SUB-AWARD
(252) GREATER BOSTON CHAMBER OF COMMERCE 265 FRANKLIN ST BOSTON,MA02110	04-1103090	IRC 501(C)(6)	7,500	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(253) HEALTHWORKS COMMUNITY FITNESS 450 WASHINGTON ST BOSTON,MA02124	04-3431534	IRC 501(C)(3)	7,175	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(254) VINFEN CORP 950 CAMBRIDGE ST CAMBRIDGE,MA02141	04-2632219	IRC 501(C)(3)	7,120	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(255) INNOVATIONS FOR POVERTY ACTION 101 WHITNEY AVE NEW HAVEN,CT06510	06-1660068	IRC 501(C)(3)	7,031	SPONSORED RESEARCH SUB-AWARD
(256) FLORIDA INTERNATIONAL UNIVERSITY 11200 SW 8TH ST MIAMI,FL33199	65-0177616	IRC 501(C)(3)	6,814	SPONSORED RESEARCH SUB-AWARD
(257) MEDICAL UNIVERSITY OF SOUTH CAROLINA 171 ASHLEY AVE CHARLESTON,SC29425	57-6000722	IRC 115	6,403	SPONSORED RESEARCH SUB-AWARD
(258) ASIAN COMMUNITY DEVELOPMENT CORP 38 OAK ST BOSTON,MA02111	04-2988263	IRC 501(C)(3)	6,230	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(259) HOMESTART INC 105 CHAUNCY ST BOSTON,MA02111	04-3311270	IRC 501(C)(3)	6,230	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(260) LOCAL ENVIRONMENTAL ACTION DEMANDED AGENCY 19257 S 4403 DR VINITA,OK74301	73-1592485	IRC 501(C)(3)	6,121	SPONSORED RESEARCH SUB-AWARD
(261) NEW ENGLAND COUNCIL INC 98 N WASHINGTON ST NO 201 BOSTON,MA02114	04-1661090	IRC 501(C)(6)	6,000	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(262) ROCA INC 101 PARK ST CHELSEA,MA02150	22-3223641	IRC 501(C)(3)	5,788	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(263) BOSTON MUNICIPAL RESEARCH BUREAU 333 WASHINGTON ST NO 854 BOSTON,MA02108	22-2673755	IRC 501(C)(3)	5,500	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(264) 826 BOSTON INC 3035 WASHINGTON ST ROXBURY,MA02119	20-8065915	IRC 501(C)(3)	5,340	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(265) HIGHSTEAD FOUNDATION INC PO BOX 1097 REDDING,CT06875	06-1108612	IRC 501(C)(3)	5,194	SPONSORED RESEARCH SUB-AWARD
(266) THIRD SECTOR NEW ENGLAND 89 SOUTH ST NO 700 BOSTON,MA02111	04-2261109	IRC 501(C)(3)	5,120	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(267) AMOUNTS 5000 OR LESS VARIOUS CAMBRIDGE,MA02135		VARIOUS	109,075	COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image

243

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2013

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.
Part III can be duplicated if additional space is needed.

(a)Type of grant or assistance	(b)Number of recipients	(c)Amount of cash grant
(1) GRADUATE STUDENT STIPEND GRANTS	5118	76,016,995
(2) GRADUATE STUDENT TUITION AND FEES GRANTS	8662	198,149,794
(3) GRANTS AND AWARDS TO NON-HARVARD STUDENTS	766	7,648,216
(4) OTHER UNDERGRADUATE GRANTS, PRIZES AND AWARDS	1147	3,860,790
(5) STUDENT PRIZES AND AWARDS	3741	10,574,216
(6) STIPENDS FOR POST-DOCTORAL STUDENTS AND FELLOWS	1122	28,125,285
(7) TRAINING GRANTS	16	133,430
(8) UNDERGRADUATE TUITION, FEES, AND STIPEND GRANTS	3996	170,950,059
(9) STUDENT LOAN REPAYMENT PROGRAMS AND FORGIVEN LOANS	552	5,904,330

Part IV

Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.

Return Reference

Explanation

Schedule I, Part I, Line 2, Procedures for monitoring use of grant funds

ALL DISBURSEMENTS MADE BY THIS INSTITUTION IN FURTHERANCE OF ITS EXEMPT PROGRAMS ARE REVIEWED AND APPROVED BY AUTHORIZED COMMITTEES OR INDIVIDUALS. ALL SCHOLARSHIPS AND STUDENT LOANS ARE REVIEWED AND APPROVED BY HARVARD'S FINANCIAL AID OFFICES. IN ADDITION, HARVARD UNIVERSITY IS RESPONSIBLE FOR THE PROGRAMMATIC AND FINANCIAL MONITORING OF ITS SPONSORED RESEARCH AWARD SUBRECIPIENTS. PRINCIPAL INVESTIGATORS AND PROJECT STAFF PERFORM ONGOING REVIEWS OF PROJECT ACTIVITIES. IN ADDITION, ON AN ANNUAL BASIS, UNIVERSITY RESEARCH ADMINISTRATORS REVIEW ALL ACTIVE SUBCONTRACTS AND INQUIRE FURTHER INTO THOSE THAT ARE DEEMED TO REQUIRE CLOSER SCRUTINY IN LIGHT OF A VARIETY OF ATTRIBUTES. UPON IDENTIFICATION OF SUBRECIPIENTS THAT MANDATE CLOSER SCRUTINY, HARVARD IMPLEMENTS ADDITIONAL MONITORING ACTIONS TO ENSURE COMPLIANCE WITH SUBAGREEMENT PERFORMANCE, FINANCIAL TERMS AND CONDITIONS, AND WITH ALL APPLICABLE FEDERAL RULES AND REGULATIONS.

Schedule I (Form 990) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

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, line 23.
SchJMediumBullet

Attach to Form 990. SchJMediumBullet

See separate instructions.
SchJMediumBullet

Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

Part I

Questions Regarding Compensation

Yes

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.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

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 of the expenses described above? If "No," complete Part III to explain....

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..

Yes

Indicate which, if any, of the following the filing organization used 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.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

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:

Receive a severance payment or change-of-control payment? ................

Yes

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

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.

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:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 5a or 5b, describe in Part III.

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:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 6a or 6b, describe in Part III.

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 ............

Yes

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 .............................

Yes

If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2013

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 (E) amounts for that individual.

(A) Name and Title		(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
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable 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
(1)DREW GILPIN FAUSTPRESIDENT	(i) (ii)	779,283 0	0 0	5,250 0	182,565 0	145,051 0	1,112,149 0	0 0
(2)STEVEN E HYMANPROFESSOR; FORMER PROVOST	(i) (ii)	422,065 0	0 0	1,052 0	32,565 0	4,524 0	460,206 0	0 0
(3)ALAN M GARBERPROVOST	(i) (ii)	620,989 0	0 0	1,352 0	32,565 0	153,437 0	808,343 0	0 0
(4)MARC L GOODHEARTV.P. AND UNIV SECRETARY	(i) (ii)	330,297 0	0 0	330 0	32,809 0	22,453 0	385,889 0	0 0
(5)MARILYN M HAUSAMMANNV.P. HUMAN RESOURCES	(i) (ii)	343,731 0	20,000 0	994 0	32,565 0	20,400 0	417,690 0	0 0
(6)CHRISTINE M HEENANV.P. GOVT COMM & PUB AFFAIRS	(i) (ii)	360,788 0	25,000 0	240 0	32,565 0	22,791 0	441,384 0	0 0
(7)LISA HOGARTYV.P. CAMPUS SERVICES (UNTIL 11/2013)	(i) (ii)	330,896 0	20,000 0	27,429 0	32,565 0	12,694 0	423,584 0	0 0
(8)ROBERT W IULIANOSENIOR V.P. AND GENERAL COUNSEL	(i) (ii)	455,948 0	25,000 0	20,588 0	32,732 0	22,897 0	557,165 0	0 0
(9)MARK R JOHNSONV.P. CAMPUS PLANNING	(i) (ii)	278,007 0	10,000 0	168 0	32,565 0	8,524 0	329,264 0	0 0
(10)KATHERINE N LAPPEXECUTIVE VICE PRESIDENT	(i) (ii)	584,489 0	30,000 0	1,264 0	32,565 0	9,637 0	657,955 0	0 0
(11)ANNE H MARGULIESV.P. AND C.I.O.	(i) (ii)	334,975 0	20,000 0	632 0	32,565 0	23,078 0	411,250 0	0 0
(12)TAMARA ELLIOTT ROGERSV.P. ALUMNI AFFAIRS & DEV	(i) (ii)	364,284 0	15,000 0	1,219 0	32,666 0	19,758 0	432,927 0	0 0
(13)LEAH ROSOVSKYV.P. STRATEGY AND PROGRAMS	(i) (ii)	305,304 0	0 0	546 0	32,565 0	11,821 0	350,236 0	0 0
(14)DANIEL S SHOREV.P. FINANCE AND C.F.O.	(i) (ii)	365,727 0	20,000 0	164 0	32,565 0	21,964 0	440,420 0	0 0
(15)JEFFREY S FLIERDEAN, FACULTY OF MEDICINE	(i) (ii)	583,916 0	15,000 0	4,626 0	32,565 0	20,250 0	656,357 0	0 0
(16)NITIN NOHRIADEAN, FACULTY OF BUSINESS	(i) (ii)	531,794 0	20,000 0	707 0	32,565 0	111,737 0	696,803 0	0 0
(17)MICHAEL D SMITHDEAN, FACULTY OF ARTS & SCIENCES	(i) (ii)	433,133 0	20,000 0	41,668 0	32,565 0	58,937 0	586,303 0	0 0
(18)WILLIAM W CHINPROFESSOR	(i) (ii)	228,390 0	500 0	469,582 0	29,428 0	12,363 0	740,263 0	0 0
(19)JULIO FRENKDEAN, FACULTY OF PUBLIC HEALTH	(i) (ii)	520,810 0	0 0	53,491 0	32,565 0	23,171 0	630,037 0	0 0
(20)DAVID D GINTYPROFESSOR	(i) (ii)	0 0	345,538 0	876,125 0	0 0	0 0	1,221,663 0	0 0
(21)PAUL M HEALYPROFESSOR	(i) (ii)	397,624 0	65,000 0	97,002 0	32,565 0	21,202 0	613,393 0	0 0
(22)KRISHNA G PALEPUPROFESSOR	(i) (ii)	386,695 0	105,000 0	111,574 0	32,565 0	27,581 0	663,415 0	0 0

Schedule J (Form 990) 2013

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.

Return Reference	Explanation
Schedule J, Part I, Line 1a, First-class or charter travel	UNIVERSITY TRAVEL POLICY PROHIBITS FIRST CLASS TRAVEL EXCEPT IN LIMITED CIRCUMSTANCES. IN ACCORDANCE WITH THIS POLICY, A SMALL NUMBER OF OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES ARE PERMITTED TO TRAVEL FIRST CLASS ON A SMALL NUMBER OF TRIPS EACH YEAR. TRAVEL EXPENSES ARE INCURRED FOR UNIVERSITY BUSINESS PURPOSES AND ARE THEREFORE NOT TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a, Travel for companions	UNIVERSITY TRAVEL POLICY ALLOWS FOR REIMBURSEMENT OF TRAVEL EXPENSES INCURRED BY COMPANION TRAVELERS WHEN THE COMPANION HAS A SIGNIFICANT ROLE IN THE BUSINESS PROCEEDINGS, OR MAKES AN IMPORTANT CONTRIBUTION TO THE SUCCESS OF AN EVENT. IN ACCORDANCE WITH THIS POLICY, THE UNIVERSITY REIMBURSED A SMALL NUMBER OF OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES FOR COMPANION TRAVEL DURING THE YEAR. IN THESE LIMITED CIRCUMSTANCES, THE REIMBURSEMENT OF COMPANION AND FAMILY MEMBER TRAVEL EXPENSES WAS A LEGITIMATE BUSINESS EXPENSE FOR THE UNIVERSITY AND THEREFORE IT WAS NOT REPORTED IN THE EMPLOYEES' TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a, Tax indemnification and gross-up payments	THE UNIVERSITY ELECTED TO PAY THE TAX OBLIGATIONS THAT AROSE FROM CERTAIN COMPENSATION TRANSACTIONS AND REIMBURSEMENTS. TWO HIGHEST COMPENSATED EMPLOYEES RECEIVED THIS BENEFIT DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2013. THIS TAX REIMBURSEMENT IS REPORTED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a, Housing allowance or residence for personal use	THE UNIVERSITY PROVIDES PRESIDENT FAUST WITH A RESIDENCE IN CAMBRIDGE AND REQUIRES ITS USE AS CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE TOTAL ESTIMATED VALUE OF THE ANNUAL USE OF THE RESIDENCE IS $180,000, OF WHICH $122,259 IS ESTIMATED TO BE THE VALUE OF THE PERSONAL USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. THE UNIVERSITY PROVIDES PROVOST GARBER WITH A RESIDENCE IN CAMBRIDGE AND REQUIRES ITS USE AS CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE TOTAL ESTIMATED VALUE OF THE ANNUAL USE OF THE RESIDENCE IS $174,000 OF WHICH $149,101 IS ESTIMATED TO BE THE VALUE OF THE PERSONAL USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. HARVARD BUSINESS SCHOOL (HBS) PROVIDES DEAN NOHRIA WITH A RESIDENCE IN ALLSTON AND REQUIRES ITS USE AS CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF HBS. THE TOTAL ESTIMATED VALUE OF THE ANNUAL USE OF THE RESIDENCE IS $132,000 OF WHICH $90,472 IS ESTIMATED TO BE THE VALUE OF THE PERSONAL USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. THE FACULTY OF ARTS AND SCIENCES (FAS) PROVIDES DEAN SMITH WITH A RESIDENCE IN CAMBRIDGE AND REQUIRES ITS USE AS CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF FAS. THE DEAN MOVED INTO THE RESIDENCE IN JUNE, 2013. THE TOTAL ESTIMATED VALUE OF THE USE OF THE RESIDENCE FROM JULY 1, 2013 THROUGH DECEMBER 31, 2013 IS $60,000, OF WHICH $39,623 IS ESTIMATED TO BE THE VALUE OF THE PERSONAL USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. DEAN SMITH'S COLUMN B(III) OTHER REPORTABLE COMPENSATION INCLUDES $41,200 OF TAXABLE TRANSITIONAL PAYMENTS TO COVER HIS HOUSING EXPENSES WHILE HIS UNIVERSITY HOUSING WAS BEING RENOVATED. ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED A MORTGAGE SUBSIDY AND/OR HOUSING ALLOWANCE. THIS AMOUNT IS INCLUDED IN THE EMPLOYEE'S TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a, Health or social club dues or initiation fees	THE UNIVERSITY PAID HARVARD CLUB DUES FOR TAMARA ROGERS, VICE PRESIDENT OF ALUMNI AFFAIRS AND DEVELOPMENT. THIS IS A NONTAXABLE BUSINESS EXPENSE IN FURTHERANCE OF ALUMNI RELATIONS AND DEVELOPMENT.
Schedule J, Part I, Line 1a, Personal services	DURING THE PERFORMANCE OF REGULAR UNIVERSITY DUTIES, A UNIVERSITY EMPLOYEE MAY, ON OCCASION, PERFORM INCIDENTAL PERSONAL SERVICES FOR THE PRESIDENT (E.G., PURCHASING OF SMALL HOUSEHOLD ITEMS, WITH THE COST OF SUCH ITEMS REIMBURSED IN FULL BY THE PRESIDENT). THE UNIVERSITY REGARDS SUCH SERVICES AS A NONTAXABLE "DE MINIMIS" FRINGE BENEFIT.
SCHEDULE J, PART I, LINE 1B, COMPENSATION POLICIES:	THE UNIVERSITY FOLLOWS WRITTEN POLICIES REGARDING FIRST CLASS TRAVEL AND TRAVEL FOR COMPANIONS. THE UNIVERSITY ALSO FOLLOWS WRITTEN GUIDELINES ON HOUSING ALLOWANCES, WHICH ARE OFFERED ON A LIMITED BASIS TO SENIOR FACULTY AND SENIOR ADMINISTRATORS.
SCHEDULE J, PART I, LINE 3, COMPENSATION REVIEW PROCESS:	SEE SCHEDULE O "COMPENSATION REVIEW PROCESS" FOR A DISCUSSION OF THE METHODS USED TO ESTABLISH THE PRESIDENT'S COMPENSATION.
Schedule J, Part I, Line 4a, Severance or change-of-control payment	DURING CALENDAR YEAR 2013, DR. CHIN, A HIGHEST COMPENSATED EMPLOYEE, ENTERED INTO A SEPARATION AGREEMENT WITH THE UNIVERSITY IN WHICH THE UNIVERSITY AGREED TO PAY HIM A LUMP SUM EQUAL TO 12 MONTHS OF SALARY, OR $468,180. THIS AMOUNT HAS BEEN REPORTED IN COLUMN (B)(III) OTHER REPORTABLE COMPENSATION.
Schedule J, Part I, Line 4b, Supplemental nonqualified retirement plan	DURING CALENDAR YEAR 2013, THE UNIVERSITY CONTRIBUTED $150,000 TO PRESIDENT FAUST'S DEFERRED COMPENSATION ACCOUNT. THE $150,000 IS REPORTED ON SCHEDULE J, PART II, COLUMN (C), "RETIREMENT AND OTHER DEFERRED COMPENSATION". IF THE PRESIDENT REMAINS EMPLOYED AT THE UNIVERSITY, THE AMOUNT WILL FULLY VEST AND BE REPORTED AS TAXABLE INCOME TO THE PRESIDENT IN CALENDAR YEAR 2015.

Schedule J (Form 990) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax Exempt Bonds

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.
SchKMediumBullet

Information about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization
PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number
04-2103580

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
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	01-15-2004	103,670,000	SERIES R 1-5 (SEE PART VI)		X		X		X
B	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	04-14-2005	13,490,000	SERIES R 6 (SEE PART VI)		X		X		X
C	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	04-03-2006	14,040,000	SERIES R 7 (SEE PART VI)		X		X		X
D	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586CFV2	05-18-2005	199,814,639	SERIES 2005A/B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586CNN1	12-15-2005	130,469,345	SERIES 2005C (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	12-21-2007	1,000,000,000	SERIES 2007EE (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586C6U4	06-10-2008	216,886,431	SERIES 2008B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586EDD0	01-07-2009	987,282,950	SERIES 2009A (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	07-22-2009	1,000,000,000	SERIES 2009EE (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586EQE4	01-20-2010	531,814,469	SERIES 2010A (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57583R5Q4	11-17-2010	663,862,239	SERIES 2010B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	08-08-2012	1,000,000,000	SERIES 2012EE (SEE PART VI)		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired . . . . . . . . . . . . . .	0		0		0		0
2 Amount of bonds legally defeased . . . . . . . . . . .	0		0		0		0
3 Total proceeds of issue . . . . . . . . . . . . . .	103,670,000		13,491,079		14,043,650		200,761,080
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 . . . . . . . . . . . .	0		0		0		1,059,385
8 Credit enhancement from proceeds . . . . . . . . . . .	0		0		0		0
9 Working capital expenditures from proceeds . . . . . . . . .	0		0		0		0
10 Capital expenditures from proceeds . . . . . . . . . . .	0		0		0		6,740,000
11 Other spent proceeds . . . . . . . . . . . . . .	103,670,000		13,491,079		14,043,650		192,961,696
12 Other unspent proceeds . . . . . . . . . . . . . .	0		0		0		0
13 Year of substantial completion . . . . . . . . . . . .	2007		2014		2008		2007
	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 Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2013

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		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		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 . .	0 %		0 %		0 %		0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . .	0 %		0 %		0 %		0.090 %
6 Total of lines 4 and 5 . . . . . . . . . . . . .	0 %		0 %		0 %		0.090 %
7 Does the bond issue meet the private security or payment test? . . . . .		X		X		X		X
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .		X		X		X		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .
9 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 the issuer filed Form 8038-T? . . . . .		X		X		X		X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .		X		X		X		X
b Exception to rebate? . . . . . . . .	X		X		X		X
c No rebate due? . . . . . . . .		X		X		X		X
If you checked "No rebate due" in line 2c, provide in Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . .	X		X		X			X
4a 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 . . . . . . . . .
c Term of hedge . . . . . . . . . .	0.0		0.0		0.0		0.0
d Was the hedge superintegrated? . . . .
e Was the hedge terminated? . . . . . .

Schedule K (Form 990) 2013

Page 3

Part IV

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .		X		X		X		X
b Name of provider . . . . . . . . .
c Term of GIC . . . . . . . . . .	0.0		0.0		0.0		0.0
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .		X		X		X		X
7 Has the organization established written procedures to monitor the requirements of section 148? . . .	X		X		X		X

Part V

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
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?	X		X		X		X

Part VI

Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).

Return Reference	Explanation
SCHEDULE K, PART II, PROCEEDS:	LINE 3 (GENERAL NOTE): THE DIFFERENCE BETWEEN AMOUNTS REPORTED IN LINE 3 AND IN COLUMN E OF PART I REPRESENTS INVESTMENT EARNINGS, EXCEPT IN THE CASE OF THE COMMERCIAL PAPER ISSUES (SERIES 2007EE, 2009EE, AND 2012EE), FOR WHICH LINE 3 REPRESENTS THE BALANCE OUTSTANDING ON JUNE 30, 2014 AND COLUMN E OF PART I REPRESENTS THE FULL AUTHORIZED AMOUNT OF THE COMMERCIAL PAPER PROGRAM.
SCHEDULE K, PART I, BOND ISSUES:	COLUMNS A AND B (GENERAL NOTE): THE MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (EIN: 04-2456011) WAS THE ORIGINAL ISSUER OF THE FOLLOWING ISSUES LISTED ON THIS SCHEDULE: SERIES R 1-5, SERIES R 6, SERIES R 7, SERIES 2005A/B, SERIES 2005C, SERIES 2007EE, SERIES 2008B, SERIES 2009A, SERIES 2009EE, AND SERIES 2010A. IT WAS MERGED INTO THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (EIN: 04-3431814) ON OCTOBER 1, 2010. ROW A (SERIES R 1-5), COLUMN F: SERIES R, TRANCHE 1-5 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES A (7/1/72), SERIES B (7/1/73), SERIES C (4/7/76), SERIES D (6/23/77), SERIES I (5/7/85), SERIES M (2/6/91),SERIES N (9/1/91), SERIES P (6/13/95), SERIES Q-1 (8/29/96), SERIES Q-2 (9/2/97), SERIES Q-3 (9/15/98), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW B (SERIES R 6), COLUMN F: SERIES R, TRANCHE 6 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW C (SERIES R 7), COLUMN F: SERIES R, TRANCHE 7 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW D (SERIES 2005A/B), COLUMN F: SERIES 2005A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/18/03, AND TO FINANCE CAPITAL EXPENDITURES OF THE UNIVERSITY RELATING TO THE HARVARD DEPOSITORY, SOUTHBOROUGH, AND THE WIDENER LIBRARY, CAMBRIDGE. SERIES 2005B WAS ISSUED TO REFUND SERIES P, ISSUED 6/13/95. ROW A (SERIES 2005C), COLUMN F: SERIES 2005C WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 9/5/02 AND ON 12/18/03. ROW B (SERIES 2007EE), COLUMN C: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW B (SERIES 2007EE), COLUMN E: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $229 MILLION WAS OUTSTANDING ON 6/30/14. ROW B (SERIES 2007EE), COLUMN F: SERIES 2007EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (III) A RENOVATION OF BUILDING SPACE AT 46 BLACKSTONE STREET, CAMBRIDGE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT LOCATED AT THE SAME SITE (THE CORNER OF MEMORIAL DRIVE AND WESTERN AVENUE, CAMBRIDGE); (IV) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (V) INSTALLATION OF UNDERGROUND PIPES AND WIRES IN THE HARVARD LAW SCHOOL AREA, WEST OF OXFORD STREET BETWEEN EVERETT STREET AND KIRKLAND STREET, CAMBRIDGE; (VI) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (VII) RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VIII) RENOVATION OF THE FIRE ALARM AND SPRINKLER SYSTEM, ROOF, AND ROOM INTERIORS AT RESIDENTIAL BUILDINGS IN THE HARVARD LAW SCHOOL AREA, 16-22 EVERETT STREET, CAMBRIDGE; (IX) RENOVATION AND EXTERIOR RESTORATION OF BYERLY HALL, 6-8 GARDEN STREET, CAMBRIDGE; (X) A RENOVATION OF THE MALKIN ATHLETIC CENTER, 39 HOLYOKE STREET, CAMBRIDGE; (XI) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (XII) CONSTRUCTION OF A RESEARCH FACILITY LOCATED AT 16 DIVINITY AVENUE, CAMBRIDGE; (XIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (XIV) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (XV) RENOVATION AND EXTERIOR RESTORATION OF GALLATIN HALL, 24 HARVARD WAY, BOSTON; (XVI) CLASSROOM RENOVATIONS AT THE MCCOLLUM CENTER, 47 HARVARD WAY, BOSTON; (XVII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XVIII) CONSTRUCTION OF A HOUSING DEVELOPMENT AT 387 WESTERN AVENUE, 28 HINGHAM STREET AND 30 HINGHAM STREET, CAMBRIDGE; (XIX) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON; (XX) DESIGN FOR NEW INFRASTRUCTURE SYSTEMS FOR UTILITIES TUNNELS, MATERIALS HANDLING TUNNELS, WATER UTILITIES, WASTEWATER SYSTEMS, AND TRANSMISSION SUBSTATION TO SUPPORT THE ALLSTON CAMPUS, BOSTON; AND (XXI) A RENOVATION OF THE BUILDING FIRE SPRINKLER AND FIRE ALARM AT DUNSTER HOUSE, 945 MEMORIAL DRIVE, CAMBRIDGE. ROW C (SERIES 2008B), COLUMN F: SERIES 2008B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFINANCE CAPITAL EXPENDITURES OF THE UNIVERSITY RELATING TO QUINCY HOUSE, 58 PLYMPTON STREET, CAMBRIDGE. ROW D (SERIES 2009A), COLUMN F: SERIES 2009A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFUND SERIES GG-1, ISSUED 7/1/04, AND SERIES 2006B, ISSUED 7/20/06 AND PAY RELATED COSTS. ROW A (SERIES 2009EE), COLUMN C: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW A (SERIES 2009EE), COLUMN E: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $60 MILLION WAS OUTSTANDING ON 6/30/14. ROW A (SERIES 2009EE), COLUMN F: SERIES 2009EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (III) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (IV) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (V) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VI) LIFE SAFETY FIRE SYSTEM UPGRADES, OTHER RENOVATIONS, AND STRATEGIC PLANNING FOR ADDITIONAL RENEWAL AND RENOVATIONS AT STUDENT RESIDENCES LOCATED AT 45 FLAGG STREET, 10 HOLYOKE PLACE, 56 PLYMPTON STREET, 10 LINDEN STREET, 13-21 & 53 BOW STREET, 26 PLYMPTON STREET, 966 MEMORIAL DRIVE, 967 MEMORIAL DRIVE, 35-39 OXFORD STREET, 36 OXFORD STREET, 1651 MASSACHUSETTS AVENUE, AND 1533-1544 MASSACHUSETTS AVENUE, CAMBRIDGE; (VII) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (VIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (IX) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (X) RENOVATIONS TO EXPAND TEACHING LAB SPACE IN THE NORTHWEST BUILDING, 52 OXFORD STREET, CAMBRIDGE; (XI) ROOF, LIFE SAFETY, AND INFRASTRUCTURE UPGRADES TO PERKINS HALL, 35-39 OXFORD STREET, CAMBRIDGE; (XII) COSMETIC, ROOF, INFRASTRUCTURE AND LIFE SAFETY UPGRADES TO BAKER HALL, 45 HARVARD WAY, BOSTON; (XIII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XIV) A RENOVATION OF OFFICE SPACE IN GORDON HALL, 25 SHATTUCK STREET, BOSTON; AND (XV) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON. ROW B (SERIES 2010A), COLUMN F: SERIES 2010A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06, 12/21/07 AND 7/22/09; TO REFUND PORTIONS OF SERIES Z, ISSUED 11/9/00, AND SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) A RENOVATION OF BUILDING SPACE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT, 46 BLACKSTONE STREET, CAMBRIDGE; (III) A RETROFIT OF EXISTING HVAC SYSTEMS FOR LARSEN HALL, 14 APPIAN WAY, CAMBRIDGE; (IV) MAINTENANCE AND TOWER RESTORATION AT LOWELL HOUSE, 10 HOLYOKE PLACE, CAMBRIDGE; (V) RENOVATION OF ADMINISTRATIVE OFFICE AND CLASSROOM SPACE IN PIERCE HALL, 25 OXFORD STREET, CAMBRIDGE; AND (VI) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE.
SCHEDULE K, PART I, BOND ISSUES CONTINUED:	ROW C (SERIES 2010B), COLUMN F: SERIES 2010B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/21/07 AND 7/22/09; TO REFUND SERIES L, ISSUED 10/4/89, SERIES BB, ISSUED 11/9/00, AND SERIES HH, ISSUED 10/29/03, AND PORTIONS OF SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE; (III) UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (IV) RENOVATIONS AND ADDITIONS AT THE HARVARD DEPOSITORY, 1 PINE HILL DRIVE, SOUTHBOROUGH; (V) RENOVATION OF ADMINISTRATIVE OFFICE SPACE IN HOLYOKE CENTER, 1350 MASSACHUSETTS AVENUE, CAMBRIDGE; (VI) RENEWAL AND RENOVATIONS AT WINTHROP HOUSE, 8 MILL STREET, CAMBRIDGE; AND (VII) MAINTENANCE AND TOWER RESTORATION AT ADAMS HOUSE, 10 LINDEN STREET, 13-21 & 53 BOW STREET, AND 26 PLYMPTON STREET, CAMBRIDGE. ROW D (SERIES 2012EE), COLUMN C: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW D (SERIES 2012EE), COLUMN E: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. $564,000 WAS OUTSTANDING ON 6/30/14. ROW D (SERIES 2012EE), COLUMN F: SERIES 2012EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON.
SCHEDULE K, PART II, LINE 13, COLUMN B (SERIES 2007EE):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
SCHEDULE K, PART II, LINE 13, COLUMN A (SERIES 2009EE):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
SCHEDULE K, PART II, LINE 13, COLUMN C (SERIES 2010B):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014.
SCHEDULE K, PART III, PRIVATE BUSINESS USE:	SERIES R1-5, R6, AND R7: THESE BONDS WERE ISSUED SOLELY TO REFUND PRE-JANUARY 1, 2003 ISSUES AND ARE NOT SUBJECT TO PART III REPORTING.
SCHEDULE K, PART IV, ARBITRAGE:	LINE 2C (SERIES 2007EE, 2009EE, 2012EE): NO REBATE COMPUTATION WAS NEEDED IN RELATION TO THE UNIVERSITY'S COMMERCIAL PAPER SERIES BECAUSE NO PROCEEDS WERE INVESTED PRIOR TO BEING SPENT. LINE 2C (SERIES 2010A): THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2014 AS OF JUNE 30, 2014. NO REBATE WAS DUE. LINE 6 (SERIES 2010B): "YES" RESPONSE REFLECTS AMOUNTS REMAINING IN THE PROJECT FUND BEYOND THE TEMPORARY PERIOD; AMOUNTS WERE HELD AND INVESTED IN COMPLIANCE WITH ARBITRAGE RESTRICTIONS.
Sch K, Part IV, Line 2c, ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: No Rebate Due.	THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/30/2014.

Schedule K (Form 990) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax Exempt Bonds

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.
SchKMediumBullet

Information about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization
PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number
04-2103580

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
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	01-15-2004	103,670,000	SERIES R 1-5 (SEE PART VI)		X		X		X
B	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	04-14-2005	13,490,000	SERIES R 6 (SEE PART VI)		X		X		X
C	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	04-03-2006	14,040,000	SERIES R 7 (SEE PART VI)		X		X		X
D	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586CFV2	05-18-2005	199,814,639	SERIES 2005A/B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586CNN1	12-15-2005	130,469,345	SERIES 2005C (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	12-21-2007	1,000,000,000	SERIES 2007EE (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586C6U4	06-10-2008	216,886,431	SERIES 2008B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586EDD0	01-07-2009	987,282,950	SERIES 2009A (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	07-22-2009	1,000,000,000	SERIES 2009EE (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586EQE4	01-20-2010	531,814,469	SERIES 2010A (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57583R5Q4	11-17-2010	663,862,239	SERIES 2010B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	08-08-2012	1,000,000,000	SERIES 2012EE (SEE PART VI)		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired . . . . . . . . . . . . . .	0		0		0		0
2 Amount of bonds legally defeased . . . . . . . . . . .	0		0		0		0
3 Total proceeds of issue . . . . . . . . . . . . . .	103,670,000		13,491,079		14,043,650		200,761,080
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 . . . . . . . . . . . .	0		0		0		1,059,385
8 Credit enhancement from proceeds . . . . . . . . . . .	0		0		0		0
9 Working capital expenditures from proceeds . . . . . . . . .	0		0		0		0
10 Capital expenditures from proceeds . . . . . . . . . . .	0		0		0		6,740,000
11 Other spent proceeds . . . . . . . . . . . . . .	103,670,000		13,491,079		14,043,650		192,961,696
12 Other unspent proceeds . . . . . . . . . . . . . .	0		0		0		0
13 Year of substantial completion . . . . . . . . . . . .	2007		2014		2008		2007
	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 Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2013

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		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		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 . .	0 %		0 %		0 %		0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . .	0 %		0 %		0 %		0.090 %
6 Total of lines 4 and 5 . . . . . . . . . . . . .	0 %		0 %		0 %		0.090 %
7 Does the bond issue meet the private security or payment test? . . . . .		X		X		X		X
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .		X		X		X		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .
9 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 the issuer filed Form 8038-T? . . . . .		X		X		X		X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .		X		X		X		X
b Exception to rebate? . . . . . . . .	X		X		X		X
c No rebate due? . . . . . . . .		X		X		X		X
If you checked "No rebate due" in line 2c, provide in Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . .	X		X		X			X
4a 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 . . . . . . . . .
c Term of hedge . . . . . . . . . .	0.0		0.0		0.0		0.0
d Was the hedge superintegrated? . . . .
e Was the hedge terminated? . . . . . .

Schedule K (Form 990) 2013

Page 3

Part IV

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .		X		X		X		X
b Name of provider . . . . . . . . .
c Term of GIC . . . . . . . . . .	0.0		0.0		0.0		0.0
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .		X		X		X		X
7 Has the organization established written procedures to monitor the requirements of section 148? . . .	X		X		X		X

Part V

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
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?	X		X		X		X

Part VI

Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).

Return Reference	Explanation
SCHEDULE K, PART II, PROCEEDS:	LINE 3 (GENERAL NOTE): THE DIFFERENCE BETWEEN AMOUNTS REPORTED IN LINE 3 AND IN COLUMN E OF PART I REPRESENTS INVESTMENT EARNINGS, EXCEPT IN THE CASE OF THE COMMERCIAL PAPER ISSUES (SERIES 2007EE, 2009EE, AND 2012EE), FOR WHICH LINE 3 REPRESENTS THE BALANCE OUTSTANDING ON JUNE 30, 2014 AND COLUMN E OF PART I REPRESENTS THE FULL AUTHORIZED AMOUNT OF THE COMMERCIAL PAPER PROGRAM.
SCHEDULE K, PART I, BOND ISSUES:	COLUMNS A AND B (GENERAL NOTE): THE MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (EIN: 04-2456011) WAS THE ORIGINAL ISSUER OF THE FOLLOWING ISSUES LISTED ON THIS SCHEDULE: SERIES R 1-5, SERIES R 6, SERIES R 7, SERIES 2005A/B, SERIES 2005C, SERIES 2007EE, SERIES 2008B, SERIES 2009A, SERIES 2009EE, AND SERIES 2010A. IT WAS MERGED INTO THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (EIN: 04-3431814) ON OCTOBER 1, 2010. ROW A (SERIES R 1-5), COLUMN F: SERIES R, TRANCHE 1-5 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES A (7/1/72), SERIES B (7/1/73), SERIES C (4/7/76), SERIES D (6/23/77), SERIES I (5/7/85), SERIES M (2/6/91),SERIES N (9/1/91), SERIES P (6/13/95), SERIES Q-1 (8/29/96), SERIES Q-2 (9/2/97), SERIES Q-3 (9/15/98), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW B (SERIES R 6), COLUMN F: SERIES R, TRANCHE 6 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW C (SERIES R 7), COLUMN F: SERIES R, TRANCHE 7 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW D (SERIES 2005A/B), COLUMN F: SERIES 2005A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/18/03, AND TO FINANCE CAPITAL EXPENDITURES OF THE UNIVERSITY RELATING TO THE HARVARD DEPOSITORY, SOUTHBOROUGH, AND THE WIDENER LIBRARY, CAMBRIDGE. SERIES 2005B WAS ISSUED TO REFUND SERIES P, ISSUED 6/13/95. ROW A (SERIES 2005C), COLUMN F: SERIES 2005C WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 9/5/02 AND ON 12/18/03. ROW B (SERIES 2007EE), COLUMN C: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW B (SERIES 2007EE), COLUMN E: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $229 MILLION WAS OUTSTANDING ON 6/30/14. ROW B (SERIES 2007EE), COLUMN F: SERIES 2007EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (III) A RENOVATION OF BUILDING SPACE AT 46 BLACKSTONE STREET, CAMBRIDGE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT LOCATED AT THE SAME SITE (THE CORNER OF MEMORIAL DRIVE AND WESTERN AVENUE, CAMBRIDGE); (IV) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (V) INSTALLATION OF UNDERGROUND PIPES AND WIRES IN THE HARVARD LAW SCHOOL AREA, WEST OF OXFORD STREET BETWEEN EVERETT STREET AND KIRKLAND STREET, CAMBRIDGE; (VI) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (VII) RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VIII) RENOVATION OF THE FIRE ALARM AND SPRINKLER SYSTEM, ROOF, AND ROOM INTERIORS AT RESIDENTIAL BUILDINGS IN THE HARVARD LAW SCHOOL AREA, 16-22 EVERETT STREET, CAMBRIDGE; (IX) RENOVATION AND EXTERIOR RESTORATION OF BYERLY HALL, 6-8 GARDEN STREET, CAMBRIDGE; (X) A RENOVATION OF THE MALKIN ATHLETIC CENTER, 39 HOLYOKE STREET, CAMBRIDGE; (XI) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (XII) CONSTRUCTION OF A RESEARCH FACILITY LOCATED AT 16 DIVINITY AVENUE, CAMBRIDGE; (XIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (XIV) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (XV) RENOVATION AND EXTERIOR RESTORATION OF GALLATIN HALL, 24 HARVARD WAY, BOSTON; (XVI) CLASSROOM RENOVATIONS AT THE MCCOLLUM CENTER, 47 HARVARD WAY, BOSTON; (XVII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XVIII) CONSTRUCTION OF A HOUSING DEVELOPMENT AT 387 WESTERN AVENUE, 28 HINGHAM STREET AND 30 HINGHAM STREET, CAMBRIDGE; (XIX) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON; (XX) DESIGN FOR NEW INFRASTRUCTURE SYSTEMS FOR UTILITIES TUNNELS, MATERIALS HANDLING TUNNELS, WATER UTILITIES, WASTEWATER SYSTEMS, AND TRANSMISSION SUBSTATION TO SUPPORT THE ALLSTON CAMPUS, BOSTON; AND (XXI) A RENOVATION OF THE BUILDING FIRE SPRINKLER AND FIRE ALARM AT DUNSTER HOUSE, 945 MEMORIAL DRIVE, CAMBRIDGE. ROW C (SERIES 2008B), COLUMN F: SERIES 2008B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFINANCE CAPITAL EXPENDITURES OF THE UNIVERSITY RELATING TO QUINCY HOUSE, 58 PLYMPTON STREET, CAMBRIDGE. ROW D (SERIES 2009A), COLUMN F: SERIES 2009A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFUND SERIES GG-1, ISSUED 7/1/04, AND SERIES 2006B, ISSUED 7/20/06 AND PAY RELATED COSTS. ROW A (SERIES 2009EE), COLUMN C: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW A (SERIES 2009EE), COLUMN E: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $60 MILLION WAS OUTSTANDING ON 6/30/14. ROW A (SERIES 2009EE), COLUMN F: SERIES 2009EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (III) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (IV) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (V) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VI) LIFE SAFETY FIRE SYSTEM UPGRADES, OTHER RENOVATIONS, AND STRATEGIC PLANNING FOR ADDITIONAL RENEWAL AND RENOVATIONS AT STUDENT RESIDENCES LOCATED AT 45 FLAGG STREET, 10 HOLYOKE PLACE, 56 PLYMPTON STREET, 10 LINDEN STREET, 13-21 & 53 BOW STREET, 26 PLYMPTON STREET, 966 MEMORIAL DRIVE, 967 MEMORIAL DRIVE, 35-39 OXFORD STREET, 36 OXFORD STREET, 1651 MASSACHUSETTS AVENUE, AND 1533-1544 MASSACHUSETTS AVENUE, CAMBRIDGE; (VII) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (VIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (IX) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (X) RENOVATIONS TO EXPAND TEACHING LAB SPACE IN THE NORTHWEST BUILDING, 52 OXFORD STREET, CAMBRIDGE; (XI) ROOF, LIFE SAFETY, AND INFRASTRUCTURE UPGRADES TO PERKINS HALL, 35-39 OXFORD STREET, CAMBRIDGE; (XII) COSMETIC, ROOF, INFRASTRUCTURE AND LIFE SAFETY UPGRADES TO BAKER HALL, 45 HARVARD WAY, BOSTON; (XIII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XIV) A RENOVATION OF OFFICE SPACE IN GORDON HALL, 25 SHATTUCK STREET, BOSTON; AND (XV) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON. ROW B (SERIES 2010A), COLUMN F: SERIES 2010A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06, 12/21/07 AND 7/22/09; TO REFUND PORTIONS OF SERIES Z, ISSUED 11/9/00, AND SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) A RENOVATION OF BUILDING SPACE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT, 46 BLACKSTONE STREET, CAMBRIDGE; (III) A RETROFIT OF EXISTING HVAC SYSTEMS FOR LARSEN HALL, 14 APPIAN WAY, CAMBRIDGE; (IV) MAINTENANCE AND TOWER RESTORATION AT LOWELL HOUSE, 10 HOLYOKE PLACE, CAMBRIDGE; (V) RENOVATION OF ADMINISTRATIVE OFFICE AND CLASSROOM SPACE IN PIERCE HALL, 25 OXFORD STREET, CAMBRIDGE; AND (VI) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE.
SCHEDULE K, PART I, BOND ISSUES CONTINUED:	ROW C (SERIES 2010B), COLUMN F: SERIES 2010B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/21/07 AND 7/22/09; TO REFUND SERIES L, ISSUED 10/4/89, SERIES BB, ISSUED 11/9/00, AND SERIES HH, ISSUED 10/29/03, AND PORTIONS OF SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE; (III) UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (IV) RENOVATIONS AND ADDITIONS AT THE HARVARD DEPOSITORY, 1 PINE HILL DRIVE, SOUTHBOROUGH; (V) RENOVATION OF ADMINISTRATIVE OFFICE SPACE IN HOLYOKE CENTER, 1350 MASSACHUSETTS AVENUE, CAMBRIDGE; (VI) RENEWAL AND RENOVATIONS AT WINTHROP HOUSE, 8 MILL STREET, CAMBRIDGE; AND (VII) MAINTENANCE AND TOWER RESTORATION AT ADAMS HOUSE, 10 LINDEN STREET, 13-21 & 53 BOW STREET, AND 26 PLYMPTON STREET, CAMBRIDGE. ROW D (SERIES 2012EE), COLUMN C: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW D (SERIES 2012EE), COLUMN E: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. $564,000 WAS OUTSTANDING ON 6/30/14. ROW D (SERIES 2012EE), COLUMN F: SERIES 2012EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON.
SCHEDULE K, PART II, LINE 13, COLUMN B (SERIES 2007EE):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
SCHEDULE K, PART II, LINE 13, COLUMN A (SERIES 2009EE):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
SCHEDULE K, PART II, LINE 13, COLUMN C (SERIES 2010B):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014.
SCHEDULE K, PART III, PRIVATE BUSINESS USE:	SERIES R1-5, R6, AND R7: THESE BONDS WERE ISSUED SOLELY TO REFUND PRE-JANUARY 1, 2003 ISSUES AND ARE NOT SUBJECT TO PART III REPORTING.
SCHEDULE K, PART IV, ARBITRAGE:	LINE 2C (SERIES 2007EE, 2009EE, 2012EE): NO REBATE COMPUTATION WAS NEEDED IN RELATION TO THE UNIVERSITY'S COMMERCIAL PAPER SERIES BECAUSE NO PROCEEDS WERE INVESTED PRIOR TO BEING SPENT. LINE 2C (SERIES 2010A): THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2014 AS OF JUNE 30, 2014. NO REBATE WAS DUE. LINE 6 (SERIES 2010B): "YES" RESPONSE REFLECTS AMOUNTS REMAINING IN THE PROJECT FUND BEYOND THE TEMPORARY PERIOD; AMOUNTS WERE HELD AND INVESTED IN COMPLIANCE WITH ARBITRAGE RESTRICTIONS.
Sch K, Part IV, Line 2c, ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: No Rebate Due.	THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/30/2014.

Schedule K (Form 990) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax Exempt Bonds

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.
SchKMediumBullet

Information about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization
PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number
04-2103580

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
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	01-15-2004	103,670,000	SERIES R 1-5 (SEE PART VI)		X		X		X
B	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	04-14-2005	13,490,000	SERIES R 6 (SEE PART VI)		X		X		X
C	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	04-03-2006	14,040,000	SERIES R 7 (SEE PART VI)		X		X		X
D	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586CFV2	05-18-2005	199,814,639	SERIES 2005A/B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586CNN1	12-15-2005	130,469,345	SERIES 2005C (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	12-21-2007	1,000,000,000	SERIES 2007EE (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586C6U4	06-10-2008	216,886,431	SERIES 2008B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586EDD0	01-07-2009	987,282,950	SERIES 2009A (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	07-22-2009	1,000,000,000	SERIES 2009EE (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586EQE4	01-20-2010	531,814,469	SERIES 2010A (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57583R5Q4	11-17-2010	663,862,239	SERIES 2010B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	08-08-2012	1,000,000,000	SERIES 2012EE (SEE PART VI)		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired . . . . . . . . . . . . . .	0		0		0		0
2 Amount of bonds legally defeased . . . . . . . . . . .	0		0		0		0
3 Total proceeds of issue . . . . . . . . . . . . . .	103,670,000		13,491,079		14,043,650		200,761,080
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 . . . . . . . . . . . .	0		0		0		1,059,385
8 Credit enhancement from proceeds . . . . . . . . . . .	0		0		0		0
9 Working capital expenditures from proceeds . . . . . . . . .	0		0		0		0
10 Capital expenditures from proceeds . . . . . . . . . . .	0		0		0		6,740,000
11 Other spent proceeds . . . . . . . . . . . . . .	103,670,000		13,491,079		14,043,650		192,961,696
12 Other unspent proceeds . . . . . . . . . . . . . .	0		0		0		0
13 Year of substantial completion . . . . . . . . . . . .	2007		2014		2008		2007
	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 Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2013

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		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		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 . .	0 %		0 %		0 %		0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . .	0 %		0 %		0 %		0.090 %
6 Total of lines 4 and 5 . . . . . . . . . . . . .	0 %		0 %		0 %		0.090 %
7 Does the bond issue meet the private security or payment test? . . . . .		X		X		X		X
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .		X		X		X		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .
9 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 the issuer filed Form 8038-T? . . . . .		X		X		X		X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .		X		X		X		X
b Exception to rebate? . . . . . . . .	X		X		X		X
c No rebate due? . . . . . . . .		X		X		X		X
If you checked "No rebate due" in line 2c, provide in Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . .	X		X		X			X
4a 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 . . . . . . . . .
c Term of hedge . . . . . . . . . .	0.0		0.0		0.0		0.0
d Was the hedge superintegrated? . . . .
e Was the hedge terminated? . . . . . .

Schedule K (Form 990) 2013

Page 3

Part IV

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .		X		X		X		X
b Name of provider . . . . . . . . .
c Term of GIC . . . . . . . . . .	0.0		0.0		0.0		0.0
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .		X		X		X		X
7 Has the organization established written procedures to monitor the requirements of section 148? . . .	X		X		X		X

Part V

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
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?	X		X		X		X

Part VI

Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).

Return Reference	Explanation
SCHEDULE K, PART II, PROCEEDS:	LINE 3 (GENERAL NOTE): THE DIFFERENCE BETWEEN AMOUNTS REPORTED IN LINE 3 AND IN COLUMN E OF PART I REPRESENTS INVESTMENT EARNINGS, EXCEPT IN THE CASE OF THE COMMERCIAL PAPER ISSUES (SERIES 2007EE, 2009EE, AND 2012EE), FOR WHICH LINE 3 REPRESENTS THE BALANCE OUTSTANDING ON JUNE 30, 2014 AND COLUMN E OF PART I REPRESENTS THE FULL AUTHORIZED AMOUNT OF THE COMMERCIAL PAPER PROGRAM.
SCHEDULE K, PART I, BOND ISSUES:	COLUMNS A AND B (GENERAL NOTE): THE MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (EIN: 04-2456011) WAS THE ORIGINAL ISSUER OF THE FOLLOWING ISSUES LISTED ON THIS SCHEDULE: SERIES R 1-5, SERIES R 6, SERIES R 7, SERIES 2005A/B, SERIES 2005C, SERIES 2007EE, SERIES 2008B, SERIES 2009A, SERIES 2009EE, AND SERIES 2010A. IT WAS MERGED INTO THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (EIN: 04-3431814) ON OCTOBER 1, 2010. ROW A (SERIES R 1-5), COLUMN F: SERIES R, TRANCHE 1-5 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES A (7/1/72), SERIES B (7/1/73), SERIES C (4/7/76), SERIES D (6/23/77), SERIES I (5/7/85), SERIES M (2/6/91),SERIES N (9/1/91), SERIES P (6/13/95), SERIES Q-1 (8/29/96), SERIES Q-2 (9/2/97), SERIES Q-3 (9/15/98), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW B (SERIES R 6), COLUMN F: SERIES R, TRANCHE 6 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW C (SERIES R 7), COLUMN F: SERIES R, TRANCHE 7 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW D (SERIES 2005A/B), COLUMN F: SERIES 2005A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/18/03, AND TO FINANCE CAPITAL EXPENDITURES OF THE UNIVERSITY RELATING TO THE HARVARD DEPOSITORY, SOUTHBOROUGH, AND THE WIDENER LIBRARY, CAMBRIDGE. SERIES 2005B WAS ISSUED TO REFUND SERIES P, ISSUED 6/13/95. ROW A (SERIES 2005C), COLUMN F: SERIES 2005C WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 9/5/02 AND ON 12/18/03. ROW B (SERIES 2007EE), COLUMN C: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW B (SERIES 2007EE), COLUMN E: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $229 MILLION WAS OUTSTANDING ON 6/30/14. ROW B (SERIES 2007EE), COLUMN F: SERIES 2007EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (III) A RENOVATION OF BUILDING SPACE AT 46 BLACKSTONE STREET, CAMBRIDGE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT LOCATED AT THE SAME SITE (THE CORNER OF MEMORIAL DRIVE AND WESTERN AVENUE, CAMBRIDGE); (IV) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (V) INSTALLATION OF UNDERGROUND PIPES AND WIRES IN THE HARVARD LAW SCHOOL AREA, WEST OF OXFORD STREET BETWEEN EVERETT STREET AND KIRKLAND STREET, CAMBRIDGE; (VI) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (VII) RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VIII) RENOVATION OF THE FIRE ALARM AND SPRINKLER SYSTEM, ROOF, AND ROOM INTERIORS AT RESIDENTIAL BUILDINGS IN THE HARVARD LAW SCHOOL AREA, 16-22 EVERETT STREET, CAMBRIDGE; (IX) RENOVATION AND EXTERIOR RESTORATION OF BYERLY HALL, 6-8 GARDEN STREET, CAMBRIDGE; (X) A RENOVATION OF THE MALKIN ATHLETIC CENTER, 39 HOLYOKE STREET, CAMBRIDGE; (XI) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (XII) CONSTRUCTION OF A RESEARCH FACILITY LOCATED AT 16 DIVINITY AVENUE, CAMBRIDGE; (XIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (XIV) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (XV) RENOVATION AND EXTERIOR RESTORATION OF GALLATIN HALL, 24 HARVARD WAY, BOSTON; (XVI) CLASSROOM RENOVATIONS AT THE MCCOLLUM CENTER, 47 HARVARD WAY, BOSTON; (XVII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XVIII) CONSTRUCTION OF A HOUSING DEVELOPMENT AT 387 WESTERN AVENUE, 28 HINGHAM STREET AND 30 HINGHAM STREET, CAMBRIDGE; (XIX) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON; (XX) DESIGN FOR NEW INFRASTRUCTURE SYSTEMS FOR UTILITIES TUNNELS, MATERIALS HANDLING TUNNELS, WATER UTILITIES, WASTEWATER SYSTEMS, AND TRANSMISSION SUBSTATION TO SUPPORT THE ALLSTON CAMPUS, BOSTON; AND (XXI) A RENOVATION OF THE BUILDING FIRE SPRINKLER AND FIRE ALARM AT DUNSTER HOUSE, 945 MEMORIAL DRIVE, CAMBRIDGE. ROW C (SERIES 2008B), COLUMN F: SERIES 2008B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFINANCE CAPITAL EXPENDITURES OF THE UNIVERSITY RELATING TO QUINCY HOUSE, 58 PLYMPTON STREET, CAMBRIDGE. ROW D (SERIES 2009A), COLUMN F: SERIES 2009A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFUND SERIES GG-1, ISSUED 7/1/04, AND SERIES 2006B, ISSUED 7/20/06 AND PAY RELATED COSTS. ROW A (SERIES 2009EE), COLUMN C: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW A (SERIES 2009EE), COLUMN E: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $60 MILLION WAS OUTSTANDING ON 6/30/14. ROW A (SERIES 2009EE), COLUMN F: SERIES 2009EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (III) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (IV) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (V) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VI) LIFE SAFETY FIRE SYSTEM UPGRADES, OTHER RENOVATIONS, AND STRATEGIC PLANNING FOR ADDITIONAL RENEWAL AND RENOVATIONS AT STUDENT RESIDENCES LOCATED AT 45 FLAGG STREET, 10 HOLYOKE PLACE, 56 PLYMPTON STREET, 10 LINDEN STREET, 13-21 & 53 BOW STREET, 26 PLYMPTON STREET, 966 MEMORIAL DRIVE, 967 MEMORIAL DRIVE, 35-39 OXFORD STREET, 36 OXFORD STREET, 1651 MASSACHUSETTS AVENUE, AND 1533-1544 MASSACHUSETTS AVENUE, CAMBRIDGE; (VII) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (VIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (IX) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (X) RENOVATIONS TO EXPAND TEACHING LAB SPACE IN THE NORTHWEST BUILDING, 52 OXFORD STREET, CAMBRIDGE; (XI) ROOF, LIFE SAFETY, AND INFRASTRUCTURE UPGRADES TO PERKINS HALL, 35-39 OXFORD STREET, CAMBRIDGE; (XII) COSMETIC, ROOF, INFRASTRUCTURE AND LIFE SAFETY UPGRADES TO BAKER HALL, 45 HARVARD WAY, BOSTON; (XIII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XIV) A RENOVATION OF OFFICE SPACE IN GORDON HALL, 25 SHATTUCK STREET, BOSTON; AND (XV) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON. ROW B (SERIES 2010A), COLUMN F: SERIES 2010A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06, 12/21/07 AND 7/22/09; TO REFUND PORTIONS OF SERIES Z, ISSUED 11/9/00, AND SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) A RENOVATION OF BUILDING SPACE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT, 46 BLACKSTONE STREET, CAMBRIDGE; (III) A RETROFIT OF EXISTING HVAC SYSTEMS FOR LARSEN HALL, 14 APPIAN WAY, CAMBRIDGE; (IV) MAINTENANCE AND TOWER RESTORATION AT LOWELL HOUSE, 10 HOLYOKE PLACE, CAMBRIDGE; (V) RENOVATION OF ADMINISTRATIVE OFFICE AND CLASSROOM SPACE IN PIERCE HALL, 25 OXFORD STREET, CAMBRIDGE; AND (VI) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE.
SCHEDULE K, PART I, BOND ISSUES CONTINUED:	ROW C (SERIES 2010B), COLUMN F: SERIES 2010B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/21/07 AND 7/22/09; TO REFUND SERIES L, ISSUED 10/4/89, SERIES BB, ISSUED 11/9/00, AND SERIES HH, ISSUED 10/29/03, AND PORTIONS OF SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE; (III) UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (IV) RENOVATIONS AND ADDITIONS AT THE HARVARD DEPOSITORY, 1 PINE HILL DRIVE, SOUTHBOROUGH; (V) RENOVATION OF ADMINISTRATIVE OFFICE SPACE IN HOLYOKE CENTER, 1350 MASSACHUSETTS AVENUE, CAMBRIDGE; (VI) RENEWAL AND RENOVATIONS AT WINTHROP HOUSE, 8 MILL STREET, CAMBRIDGE; AND (VII) MAINTENANCE AND TOWER RESTORATION AT ADAMS HOUSE, 10 LINDEN STREET, 13-21 & 53 BOW STREET, AND 26 PLYMPTON STREET, CAMBRIDGE. ROW D (SERIES 2012EE), COLUMN C: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW D (SERIES 2012EE), COLUMN E: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. $564,000 WAS OUTSTANDING ON 6/30/14. ROW D (SERIES 2012EE), COLUMN F: SERIES 2012EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON.
SCHEDULE K, PART II, LINE 13, COLUMN B (SERIES 2007EE):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
SCHEDULE K, PART II, LINE 13, COLUMN A (SERIES 2009EE):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
SCHEDULE K, PART II, LINE 13, COLUMN C (SERIES 2010B):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014.
SCHEDULE K, PART III, PRIVATE BUSINESS USE:	SERIES R1-5, R6, AND R7: THESE BONDS WERE ISSUED SOLELY TO REFUND PRE-JANUARY 1, 2003 ISSUES AND ARE NOT SUBJECT TO PART III REPORTING.
SCHEDULE K, PART IV, ARBITRAGE:	LINE 2C (SERIES 2007EE, 2009EE, 2012EE): NO REBATE COMPUTATION WAS NEEDED IN RELATION TO THE UNIVERSITY'S COMMERCIAL PAPER SERIES BECAUSE NO PROCEEDS WERE INVESTED PRIOR TO BEING SPENT. LINE 2C (SERIES 2010A): THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2014 AS OF JUNE 30, 2014. NO REBATE WAS DUE. LINE 6 (SERIES 2010B): "YES" RESPONSE REFLECTS AMOUNTS REMAINING IN THE PROJECT FUND BEYOND THE TEMPORARY PERIOD; AMOUNTS WERE HELD AND INVESTED IN COMPLIANCE WITH ARBITRAGE RESTRICTIONS.
Sch K, Part IV, Line 2c, ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: No Rebate Due.	THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/30/2014.

Schedule K (Form 990) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax Exempt Bonds

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.
SchKMediumBullet

Information about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization
PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number
04-2103580

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
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	01-15-2004	103,670,000	SERIES R 1-5 (SEE PART VI)		X		X		X
B	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	04-14-2005	13,490,000	SERIES R 6 (SEE PART VI)		X		X		X
C	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57585KGP7	04-03-2006	14,040,000	SERIES R 7 (SEE PART VI)		X		X		X
D	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586CFV2	05-18-2005	199,814,639	SERIES 2005A/B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586CNN1	12-15-2005	130,469,345	SERIES 2005C (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	12-21-2007	1,000,000,000	SERIES 2007EE (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586C6U4	06-10-2008	216,886,431	SERIES 2008B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586EDD0	01-07-2009	987,282,950	SERIES 2009A (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	07-22-2009	1,000,000,000	SERIES 2009EE (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57586EQE4	01-20-2010	531,814,469	SERIES 2010A (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	57583R5Q4	11-17-2010	663,862,239	SERIES 2010B (SEE PART VI)		X		X		X
	MASSACHUSETTS DEVELOPMENT FINANCE AGENCY	04-3431814	MULTIPLES	08-08-2012	1,000,000,000	SERIES 2012EE (SEE PART VI)		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired . . . . . . . . . . . . . .	0		0		0		0
2 Amount of bonds legally defeased . . . . . . . . . . .	0		0		0		0
3 Total proceeds of issue . . . . . . . . . . . . . .	103,670,000		13,491,079		14,043,650		200,761,080
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 . . . . . . . . . . . .	0		0		0		1,059,385
8 Credit enhancement from proceeds . . . . . . . . . . .	0		0		0		0
9 Working capital expenditures from proceeds . . . . . . . . .	0		0		0		0
10 Capital expenditures from proceeds . . . . . . . . . . .	0		0		0		6,740,000
11 Other spent proceeds . . . . . . . . . . . . . .	103,670,000		13,491,079		14,043,650		192,961,696
12 Other unspent proceeds . . . . . . . . . . . . . .	0		0		0		0
13 Year of substantial completion . . . . . . . . . . . .	2007		2014		2008		2007
	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 Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2013

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		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		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 . .	0 %		0 %		0 %		0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . .	0 %		0 %		0 %		0.090 %
6 Total of lines 4 and 5 . . . . . . . . . . . . .	0 %		0 %		0 %		0.090 %
7 Does the bond issue meet the private security or payment test? . . . . .		X		X		X		X
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .		X		X		X		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .
9 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 the issuer filed Form 8038-T? . . . . .		X		X		X		X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .		X		X		X		X
b Exception to rebate? . . . . . . . .	X		X		X		X
c No rebate due? . . . . . . . .		X		X		X		X
If you checked "No rebate due" in line 2c, provide in Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . .	X		X		X			X
4a 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 . . . . . . . . .
c Term of hedge . . . . . . . . . .	0.0		0.0		0.0		0.0
d Was the hedge superintegrated? . . . .
e Was the hedge terminated? . . . . . .

Schedule K (Form 990) 2013

Page 3

Part IV

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .		X		X		X		X
b Name of provider . . . . . . . . .
c Term of GIC . . . . . . . . . .	0.0		0.0		0.0		0.0
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .		X		X		X		X
7 Has the organization established written procedures to monitor the requirements of section 148? . . .	X		X		X		X

Part V

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
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?	X		X		X		X

Part VI

Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).

Return Reference	Explanation
SCHEDULE K, PART II, PROCEEDS:	LINE 3 (GENERAL NOTE): THE DIFFERENCE BETWEEN AMOUNTS REPORTED IN LINE 3 AND IN COLUMN E OF PART I REPRESENTS INVESTMENT EARNINGS, EXCEPT IN THE CASE OF THE COMMERCIAL PAPER ISSUES (SERIES 2007EE, 2009EE, AND 2012EE), FOR WHICH LINE 3 REPRESENTS THE BALANCE OUTSTANDING ON JUNE 30, 2014 AND COLUMN E OF PART I REPRESENTS THE FULL AUTHORIZED AMOUNT OF THE COMMERCIAL PAPER PROGRAM.
SCHEDULE K, PART I, BOND ISSUES:	COLUMNS A AND B (GENERAL NOTE): THE MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (EIN: 04-2456011) WAS THE ORIGINAL ISSUER OF THE FOLLOWING ISSUES LISTED ON THIS SCHEDULE: SERIES R 1-5, SERIES R 6, SERIES R 7, SERIES 2005A/B, SERIES 2005C, SERIES 2007EE, SERIES 2008B, SERIES 2009A, SERIES 2009EE, AND SERIES 2010A. IT WAS MERGED INTO THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (EIN: 04-3431814) ON OCTOBER 1, 2010. ROW A (SERIES R 1-5), COLUMN F: SERIES R, TRANCHE 1-5 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES A (7/1/72), SERIES B (7/1/73), SERIES C (4/7/76), SERIES D (6/23/77), SERIES I (5/7/85), SERIES M (2/6/91),SERIES N (9/1/91), SERIES P (6/13/95), SERIES Q-1 (8/29/96), SERIES Q-2 (9/2/97), SERIES Q-3 (9/15/98), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW B (SERIES R 6), COLUMN F: SERIES R, TRANCHE 6 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW C (SERIES R 7), COLUMN F: SERIES R, TRANCHE 7 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW D (SERIES 2005A/B), COLUMN F: SERIES 2005A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/18/03, AND TO FINANCE CAPITAL EXPENDITURES OF THE UNIVERSITY RELATING TO THE HARVARD DEPOSITORY, SOUTHBOROUGH, AND THE WIDENER LIBRARY, CAMBRIDGE. SERIES 2005B WAS ISSUED TO REFUND SERIES P, ISSUED 6/13/95. ROW A (SERIES 2005C), COLUMN F: SERIES 2005C WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 9/5/02 AND ON 12/18/03. ROW B (SERIES 2007EE), COLUMN C: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW B (SERIES 2007EE), COLUMN E: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $229 MILLION WAS OUTSTANDING ON 6/30/14. ROW B (SERIES 2007EE), COLUMN F: SERIES 2007EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (III) A RENOVATION OF BUILDING SPACE AT 46 BLACKSTONE STREET, CAMBRIDGE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT LOCATED AT THE SAME SITE (THE CORNER OF MEMORIAL DRIVE AND WESTERN AVENUE, CAMBRIDGE); (IV) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (V) INSTALLATION OF UNDERGROUND PIPES AND WIRES IN THE HARVARD LAW SCHOOL AREA, WEST OF OXFORD STREET BETWEEN EVERETT STREET AND KIRKLAND STREET, CAMBRIDGE; (VI) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (VII) RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VIII) RENOVATION OF THE FIRE ALARM AND SPRINKLER SYSTEM, ROOF, AND ROOM INTERIORS AT RESIDENTIAL BUILDINGS IN THE HARVARD LAW SCHOOL AREA, 16-22 EVERETT STREET, CAMBRIDGE; (IX) RENOVATION AND EXTERIOR RESTORATION OF BYERLY HALL, 6-8 GARDEN STREET, CAMBRIDGE; (X) A RENOVATION OF THE MALKIN ATHLETIC CENTER, 39 HOLYOKE STREET, CAMBRIDGE; (XI) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (XII) CONSTRUCTION OF A RESEARCH FACILITY LOCATED AT 16 DIVINITY AVENUE, CAMBRIDGE; (XIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (XIV) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (XV) RENOVATION AND EXTERIOR RESTORATION OF GALLATIN HALL, 24 HARVARD WAY, BOSTON; (XVI) CLASSROOM RENOVATIONS AT THE MCCOLLUM CENTER, 47 HARVARD WAY, BOSTON; (XVII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XVIII) CONSTRUCTION OF A HOUSING DEVELOPMENT AT 387 WESTERN AVENUE, 28 HINGHAM STREET AND 30 HINGHAM STREET, CAMBRIDGE; (XIX) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON; (XX) DESIGN FOR NEW INFRASTRUCTURE SYSTEMS FOR UTILITIES TUNNELS, MATERIALS HANDLING TUNNELS, WATER UTILITIES, WASTEWATER SYSTEMS, AND TRANSMISSION SUBSTATION TO SUPPORT THE ALLSTON CAMPUS, BOSTON; AND (XXI) A RENOVATION OF THE BUILDING FIRE SPRINKLER AND FIRE ALARM AT DUNSTER HOUSE, 945 MEMORIAL DRIVE, CAMBRIDGE. ROW C (SERIES 2008B), COLUMN F: SERIES 2008B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFINANCE CAPITAL EXPENDITURES OF THE UNIVERSITY RELATING TO QUINCY HOUSE, 58 PLYMPTON STREET, CAMBRIDGE. ROW D (SERIES 2009A), COLUMN F: SERIES 2009A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFUND SERIES GG-1, ISSUED 7/1/04, AND SERIES 2006B, ISSUED 7/20/06 AND PAY RELATED COSTS. ROW A (SERIES 2009EE), COLUMN C: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW A (SERIES 2009EE), COLUMN E: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $60 MILLION WAS OUTSTANDING ON 6/30/14. ROW A (SERIES 2009EE), COLUMN F: SERIES 2009EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (III) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (IV) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (V) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VI) LIFE SAFETY FIRE SYSTEM UPGRADES, OTHER RENOVATIONS, AND STRATEGIC PLANNING FOR ADDITIONAL RENEWAL AND RENOVATIONS AT STUDENT RESIDENCES LOCATED AT 45 FLAGG STREET, 10 HOLYOKE PLACE, 56 PLYMPTON STREET, 10 LINDEN STREET, 13-21 & 53 BOW STREET, 26 PLYMPTON STREET, 966 MEMORIAL DRIVE, 967 MEMORIAL DRIVE, 35-39 OXFORD STREET, 36 OXFORD STREET, 1651 MASSACHUSETTS AVENUE, AND 1533-1544 MASSACHUSETTS AVENUE, CAMBRIDGE; (VII) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (VIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (IX) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (X) RENOVATIONS TO EXPAND TEACHING LAB SPACE IN THE NORTHWEST BUILDING, 52 OXFORD STREET, CAMBRIDGE; (XI) ROOF, LIFE SAFETY, AND INFRASTRUCTURE UPGRADES TO PERKINS HALL, 35-39 OXFORD STREET, CAMBRIDGE; (XII) COSMETIC, ROOF, INFRASTRUCTURE AND LIFE SAFETY UPGRADES TO BAKER HALL, 45 HARVARD WAY, BOSTON; (XIII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XIV) A RENOVATION OF OFFICE SPACE IN GORDON HALL, 25 SHATTUCK STREET, BOSTON; AND (XV) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON. ROW B (SERIES 2010A), COLUMN F: SERIES 2010A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06, 12/21/07 AND 7/22/09; TO REFUND PORTIONS OF SERIES Z, ISSUED 11/9/00, AND SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) A RENOVATION OF BUILDING SPACE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT, 46 BLACKSTONE STREET, CAMBRIDGE; (III) A RETROFIT OF EXISTING HVAC SYSTEMS FOR LARSEN HALL, 14 APPIAN WAY, CAMBRIDGE; (IV) MAINTENANCE AND TOWER RESTORATION AT LOWELL HOUSE, 10 HOLYOKE PLACE, CAMBRIDGE; (V) RENOVATION OF ADMINISTRATIVE OFFICE AND CLASSROOM SPACE IN PIERCE HALL, 25 OXFORD STREET, CAMBRIDGE; AND (VI) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE.
SCHEDULE K, PART I, BOND ISSUES CONTINUED:	ROW C (SERIES 2010B), COLUMN F: SERIES 2010B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/21/07 AND 7/22/09; TO REFUND SERIES L, ISSUED 10/4/89, SERIES BB, ISSUED 11/9/00, AND SERIES HH, ISSUED 10/29/03, AND PORTIONS OF SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE; (III) UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (IV) RENOVATIONS AND ADDITIONS AT THE HARVARD DEPOSITORY, 1 PINE HILL DRIVE, SOUTHBOROUGH; (V) RENOVATION OF ADMINISTRATIVE OFFICE SPACE IN HOLYOKE CENTER, 1350 MASSACHUSETTS AVENUE, CAMBRIDGE; (VI) RENEWAL AND RENOVATIONS AT WINTHROP HOUSE, 8 MILL STREET, CAMBRIDGE; AND (VII) MAINTENANCE AND TOWER RESTORATION AT ADAMS HOUSE, 10 LINDEN STREET, 13-21 & 53 BOW STREET, AND 26 PLYMPTON STREET, CAMBRIDGE. ROW D (SERIES 2012EE), COLUMN C: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW D (SERIES 2012EE), COLUMN E: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. $564,000 WAS OUTSTANDING ON 6/30/14. ROW D (SERIES 2012EE), COLUMN F: SERIES 2012EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON.
SCHEDULE K, PART II, LINE 13, COLUMN B (SERIES 2007EE):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
SCHEDULE K, PART II, LINE 13, COLUMN A (SERIES 2009EE):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
SCHEDULE K, PART II, LINE 13, COLUMN C (SERIES 2010B):	ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2014.
SCHEDULE K, PART III, PRIVATE BUSINESS USE:	SERIES R1-5, R6, AND R7: THESE BONDS WERE ISSUED SOLELY TO REFUND PRE-JANUARY 1, 2003 ISSUES AND ARE NOT SUBJECT TO PART III REPORTING.
SCHEDULE K, PART IV, ARBITRAGE:	LINE 2C (SERIES 2007EE, 2009EE, 2012EE): NO REBATE COMPUTATION WAS NEEDED IN RELATION TO THE UNIVERSITY'S COMMERCIAL PAPER SERIES BECAUSE NO PROCEEDS WERE INVESTED PRIOR TO BEING SPENT. LINE 2C (SERIES 2010A): THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2014 AS OF JUNE 30, 2014. NO REBATE WAS DUE. LINE 6 (SERIES 2010B): "YES" RESPONSE REFLECTS AMOUNTS REMAINING IN THE PROJECT FUND BEYOND THE TEMPORARY PERIOD; AMOUNTS WERE HELD AND INVESTED IN COMPLIANCE WITH ARBITRAGE RESTRICTIONS.
Sch K, Part IV, Line 2c, ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY: No Rebate Due.	THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/30/2014.

Schedule K (Form 990) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

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, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ. MediumBullet

See separate instructions.
MediumBullet

Information about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

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	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

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-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e)Original principal amount	(f)Balance due	(g) In default?		(h) Approved by board or committee?		(i)Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e)Original principal amount	(f)Balance due	Yes	No	Yes	No	Yes	No
(1) JEFFREY FLIER	KEY EMPLOYEE	DEPENDENT'S EDUCATION		X	47,000	21,000		No	Yes		Yes
(2) JULIO FRENK	HIGHEST COMPENSATED	PURCHASE OF HOME		X	1,163,000	1,163,000		No	Yes		Yes
(3) JULIO FRENK	HIGHEST COMPENSATED	DEPENDENT'S EDUCATION		X	68,000	47,000		No	Yes		Yes
(4) STEVEN HYMAN	FORMER OFFICER	PURCHASE OF HOME		X	750,000	750,000		No	Yes		Yes
(5) CHRISTINE M HEENAN	OFFICER	ADVANCE ON FOREIGN TAXES		X	34,000	34,000		No		No	Yes

Total ...... $						2,015,000

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 assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990 or 990-EZ) 2013

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?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) DR SOHEYLA GHARIB	EMPLOYEE/FAMILY MEMBER OF DIRECTOR	343,673	COMPENSATION		No
(2) ROSEMARY KEANE	EMPLOYEE/FAMILY MEMBER OF CURRENT OFFICER	51,447	COMPENSATION		No
(3) BHARAT ANAND	EMPLOYEE/FAMILY MEMBER OF KEY EMPLOYEE	409,401	COMPENSATION		No
(4) SUGARMAN ROGERS BARSHAK	5% OWNERSHIP BY OFFICER'S FAMILY MEMBER	201,074	LEGAL SERVICES		No
(5) STAPLES INC	HARVARD OFFICER IS A STAPLES DIRECTOR	439,177	OFFICE SUPPLIES		No
(6) HENRY SCHEIN INC	HARVARD FELLOW IS DIRECTOR	299,282	LAB SUPPLIES		No
(7) PETER HIRTLE	EMPLOYEE/FAMILY MEMBER OF CURRENT OFFICER	34,364	COMPENSATION		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation
SCHEDULE L, PART II, SUPPLEMENTAL INFORMATION	HARVARD UNIVERSITY ENTERED INTO A WRITTEN LOAN AGREEMENT WITH AN OFFICER, CHRISTINE HEENAN, IN WHICH THE UNIVERSITY ADVANCED $34,000 TO HER AT THE APPLICABLE FEDERAL RATE TO COVER FOREIGN TAXES INCURRED WHILE WORKING ABROAD ON BEHALF OF THE UNIVERSITY. THE LOAN WAS APPROVED BY A SENIOR OFFICER.

Schedule L (Form 990 or 990-EZ) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Information about Schedule M (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

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	48
2 Art—Historical treasures .
3 Art—Fractional interests ..	X	1
4 Books and publications ..	X
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	1,283	111,631,384	MARKET VALUE
10 Securities—Closely held stock .	X	6	37,993,332	APPRAISED VALUE/FMV
11 Securities—Partnership, LLC, or trust interests ....	X	1	142,900,000	APPRAISED VALUE/FMV
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....	X	13
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......	X	1
22 Historical artifacts ....
23 Scientific specimens ..	X	6
24 Archeological artifacts ...
25 Other ( OTHER )	X	1	20,550	MARKET VALUE
26 Other ( ARCHIVAL )	X	7
27 Other ( AUCTION )	X	2
28 Other ( EQUIPMENT/FURNITURE )	X	9

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 ...

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 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

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

Yes

If "Yes," describe in Part II.

If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2013)

Page 2

Part II

Supplemental Information. 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.

Return Reference	Explanation
SCHEDULE M, PART I, COLUMN (B):	THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED.
Schedule M, Part I, Line 32b, Third parties used to solicit, process, or sell noncash contributions	THIRD PARTIES, SUCH AS AUCTION HOUSES OR BROKERS, MAY BE USED TO SELL NON-CASH CONTRIBUTIONS FOR THE UNIVERSITY, BUT NOT TO PROCESS OR SOLICIT ANY CONTRIBUTIONS FOR THE UNIVERSITY.
Schedule M, Part I, Line 33, Explanation of revenues not reported	SFAS 116 PROVIDES THAT CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS NEED NOT BE RECOGNIZED AS REVENUES AND CAPITALIZED IF THE DONATED ITEMS ARE ADDED TO COLLECTIONS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE UNIVERSITY DOES NOT REPORT REVENUES FOR GIFTS-IN-KIND INTENDED FOR DISPLAY OR IMMATERIAL AMOUNTS. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE DESCRIBING COLLECTIONS FROM THE UNIVERSITY'S FINANCIAL STATEMENTS: "THE UNIVERSITY'S VAST ARRAY OF MUSEUMS AND LIBRARIES HOUSES PRICELESS WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS, AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICES. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES." NOT ALL GIFTS ARE ART GIVEN WITH THE INTENTION OF BEING DISPLAYED. THERE MAY BE INSTANCES WHERE A GIFT OF ART IS MADE WITH THE PURPOSE OF BEING SOLD AND THE PROCEEDS BENEFITING A SPECIFIC PURPOSE OR UNIT AT THE UNIVERSITY. IN SUCH CASES, THE SALE PROCEEDS WOULD BE RECORDED AS GIFT REVENUE AT THE TIME OF SALE.
SCHEDULE M, PART I, LINE 33, OTHER NONCASH CONTRIBUTIONS:	CERTAIN NONCASH CONTRIBUTIONS LISTED IN PART I HAVE NOT REPORTED AN AMOUNT IN PART I, COLUMN (C). NO AMOUNT IS REPORTED FOR THESE CONTRIBUTIONS EITHER BECAUSE THEY ARE INTENDED FOR DISPLAY, AS DISCUSSED ABOVE, OR BECAUSE THE VALUE OF THE NONCASH CONTRIBUTION IS IMMATERIAL.
Schedule M, part I, column (b), Line 1, Number of contributions or items contributed.

Schedule M (Form 990) (2013)

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

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.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

Return Reference	Explanation
FORM 990, PART I, LINE 5, TOTAL NUMBER OF INDIVIDUALS EMPLOYED:	AS REQUIRED BY THE FORM 990 INSTRUCTIONS, THE NUMBER REPORTED ON PART I, LINE 5 REPRESENTS THE TOTAL NUMBER OF FORMS W-2 PRODUCED BY THE UNIVERSITY DURING CALENDAR YEAR 2013. THIS INCLUDES PAYMENTS FOR WORK STUDY AND CERTAIN TEACHING FELLOWS, AS WELL AS SHORT-TERM EMPLOYMENT. THE TOTAL HEAD COUNT FOR FACULTY AND STAFF AS REPORTED ON THE HARVARD UNIVERSITY FACT BOOK FOR OCTOBER 31, 2013 WAS 17,523.
FORM 990, PART I, LINE 6, VOLUNTEERS:	HARVARD IS FORTUNATE TO BENEFIT FROM THE SERVICES OF VOLUNTEERS ACROSS ITS NUMEROUS SCHOOLS, DEPARTMENTS, AND PROGRAMS. WHILE HARVARD DOES NOT TRACK OR ELSEWHERE REPORT THE NUMBER OF ITS VOLUNTEERS, THE UNIVERSITY ESTIMATES THAT THIS FIGURE EXCEEDS 23,000.
Form 990, Part VI, Sec A, Line 7b, Decisions requiring approval by members or stockholders	CERTAIN ACTIONS OF THE HARVARD CORPORATION, SUCH AS THE ELECTION OF NEW CORPORATION MEMBERS, THE CONFERRAL OF DEGREES, AND AMENDMENTS TO THE UNIVERSITY STATUTES, ARE SUBJECT TO THE CONSENT OF THE UNIVERSITY'S BOARD OF OVERSEERS.
Form 990, Part VI, Sec B, Line 11b, Review of form 990 by governing body	THE FORM 990 WAS REVIEWED BY THE UNIVERSITY'S TAX RETURN REVIEW COMMITTEES, COMPRISING SENIOR FINANCE STAFF, AND INTERNAL AND EXTERNAL COUNSEL. FORM 990 WAS ALSO REVIEWED BY THE UNIVERSITY'S JOINT COMMITTEE ON INSPECTION, CONSISTING OF MEMBERS OF THE HARVARD CORPORATION AND THE BOARD OF OVERSEERS. THE FINAL FORM 990 WAS PROVIDED TO THE ENTIRE HARVARD CORPORATION BEFORE IT WAS FILED.
Form 990, Part VI, Sec B, Line 12c, Conflict of interest policy	ANNUALLY, THE UNIVERSITY'S OFFICE OF THE GENERAL COUNSEL DISTRIBUTES A COPY OF THE HARVARD UNIVERSITY POLICY ON CONFLICTS OF INTEREST AND COMMITMENT FOR SENIOR OFFICERS AND SENIOR ADMINISTRATORS, AND AN ANNUAL DISCLOSURE FORM, TO THE INDIVIDUALS SUBJECT TO THE POLICY. THE COMPLETED FORMS ARE REVIEWED BY THE OFFICE OF THE GENERAL COUNSEL. A PARALLEL PROCESS IS CARRIED OUT ANNUALLY BY THE OFFICE OF THE GOVERNING BOARDS FOR THE UNIVERSITY'S GOVERNING BODY. THE COMPLETED DISCLOSURE FORMS OF MEMBERS OF THE GOVERNING BODY ARE REVIEWED BY BOTH THE OFFICE OF THE GENERAL COUNSEL AND THE SECRETARY OF THE UNIVERSITY.
FORM 990, PART VI, LINE 15, AND SCHEDULE J, PART I, LINE 3: COMPENSATION REVIEW PROCESS	THE FOLLOWING IS A DESCRIPTION OF THE ANNUAL COMPENSATION REVIEW PROCESS. THE MOST RECENT REVIEW CONDUCTED PRIOR TO THE CLOSE OF THE FISCAL YEAR 2014 OCCURRED IN MAY 2014. THE OFFICE OF HUMAN RESOURCES INITIATES AN ANNUAL REVIEW PROCESS TIMED SO THAT A FINAL REVIEW CAN BE CONDUCTED BY THE HARVARD CORPORATION DURING ITS APRIL/MAY MEETING. ALL INTERNAL REVIEWS AND NEW SALARY RECOMMENDATIONS ARE CONDUCTED IN ADVANCE OF THE CORPORATION MEETING, GENERALLY INCLUDING RECOMMENDATION BY THE PRESIDENT OF COMPENSATION OTHER THAN THE PRESIDENT'S OWN. THE PROVOST AND THE EXECUTIVE VICE PRESIDENT ADDITIONALLY PROVIDE RECOMMENDATIONS ON THOSE INDIVIDUALS FOR WHOM THEY HAVE ORGANIZATIONAL RESPONSIBILITY, SUBJECT TO THE APPROVAL OF THE PRESIDENT. DURING THE MEETING, THE CORPORATION, WHICH IN FULL SERVES AS THE COMPENSATION COMMITTEE, REVIEWS EACH OF THE PRESIDENT'S PROPOSALS FOR FINAL APPROVAL. THE PRESIDENT DOES NOT PARTICIPATE IN THE DELIBERATIONS OR THE VOTE ON THE PRESIDENT'S OWN COMPENSATION. ALL VOTES ARE MEMORIALIZED IN MINUTES AND PRESERVED, TOGETHER WITH ALL BACKGROUND DATA AND MATERIALS PROVIDED BY THE OFFICE OF HUMAN RESOURCES. THIS ANNUAL REVIEW PROCESS INCLUDES THE COMPILATION OF APPROPRIATE COMPARABILITY COMPENSATION DATA FOR EACH POSITION INCLUDED IN THE REVIEW. THE COMPENSATION COMMITTEE OBTAIN AND RELIED UPON APPROPRIATE COMPENSATION MARKET SURVEY DATA AND ANALYSIS IN EACH CASE PRIOR TO MAKING ITS DETERMINATION. FOR THIS PURPOSE, THE PRINCIPAL SOURCE OF SUCH DATA IS AN ANNUAL REPORT PROVIDED BY AN OUTSIDE CONSULTANT. ADDITIONAL COMPARABILITY DATA FOR REVIEW OF THE PRESIDENT'S COMPENSATION HAS BEEN DRAWN FROM A SECOND EXTERNAL SOURCE THAT IS COMPILED ANNUALLY AND FROM PUBLICLY AVAILABLE FORM 990 INFORMATION. THE INDIVIDUALS TO WHOM THE PROCESS IS APPLIED ARE THE FOLLOWING: 1. THE OFFICERS OF THE UNIVERSITY, INCLUDING THE PRESIDENT, PROVOST, SECRETARY, EXECUTIVE VICE PRESIDENT, AND ALL VICE PRESIDENTS; 2. THE DEANS OF THE FACULTIES; 3. CERTAIN OTHER SENIOR UNIVERSITY PERSONNEL
Form 990, Part VI, Sec B, Line 15a, Process to establish compensation of top management official	SEE ABOVE (FORM 990, PART VI, LINE 15 AND AND SCHEDULE J, PART I, LINE 3: COMPENSATION REVIEW PROCESS)
Form 990, Part VI, Sec B, Line 15b, Process to establish compensation of other employees	SEE ABOVE (FORM 990, PART VI, LINE 15 AND AND SCHEDULE J, PART I, LINE 3: COMPENSATION REVIEW PROCESS)
Form 990, Part VI, Sec C, Line 19, Required documents available to the public	HARVARD UNIVERSITY MAKES ITS ANNUAL FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. HARVARD'S CONFLICT OF INTEREST POLICY IS AVAILABLE ON HARVARD'S INTRANET, ACCESSIBLE TO MEMBERS OF THE HARVARD COMMUNITY. HARVARD'S PUBLIC CHARTER IS AVAILABLE UPON REQUEST.
FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (B), AVERAGE HOURS PER WEEK:	THE UNIVERSITY DOES NOT TRACK HOURS WORKED BY TRUSTEES, OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES. THE AVERAGE HOURS WORKED REPORTED ON PART VII, COLUMN (B) ARE ESTIMATES, WITH 60 HOURS PER WEEK AS AN APPROXIMATION FOR FULL-TIME EMPLOYMENT. THE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS REPRESENTS AN ESTIMATE OF TIME THE INDIVIDUAL SPENDS IN HIS/HER CAPACITY AS A MEMBER OF THE BOARD OF DIRECTORS OF HARVARD AFFILIATES.
FORM 990, PART X, LINE 33, NET ASSETS:	AS REPORTED IN THE UNIVERSITY'S FY14 FINANCIAL STATEMENTS, THE UNIVERSITY HAS CONSOLIDATED CERTAIN NON-CONTROLLING INTERESTS RELATING TO ITS INVESTMENTS IN REAL ASSETS UNDER ASU 2010-7. THESE NON-CONTROLLING INTERESTS REPRESENT THE PORTION OF THE REAL ASSETS NOT CONTROLLED BY THE UNIVERSITY, BUT REQUIRED TO BE PRESENTED ON THE UNIVERSITY'S BALANCE SHEET UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THESE INTERESTS WERE $646.4 MILLION AS OF JUNE 30, 2014.
Form 990 , Part XI, Line 9, Other changes in net assets or fund balances	CHANGE IN NON-CONTROLLING INTERESTS IN POOLED INVESTMENT ACCOUNT - XXX-XX-XXXX; TRANSFERS TO NEW AFFILIATED ORGANIZATION - -XXX-XX-XXXX; TRANSFERS TO AFFILIATED ORGANIZATIONS - 50511862; OTHER CHANGES IN NET ASSETS - -10576044; CHANGE IN INTEREST IN TRUSTS HELD BY OTHERS - 24457609; CHANGE IN RETIREMENT OBLIGATIONS - 2762014; GAIN FROM DISCONTINUED OPERATIONS - 10500000;
Schedule J, Part I, Line 7, Non-fixed payments	THE UNIVERSITY OFFERS INCENTIVE COMPENSATION FOR OUTSTANDING PERFORMANCE. BONUS AND INCENTIVE PAYMENTS FOR OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES ARE LISTED IN PART II, COLUMN (B)(II).
Schedule J, Part I, Line 8, Payments on contract that is subject to the initial contract exception	VICE PRESIDENTS THOMAS AND ROSOVSKY WERE COMPENSATED UNDER AN INITIAL CONTRACT DURING CALENDAR YEAR 2013. THIS COMPENSATION ARRANGEMENT WAS APPROVED IN ADVANCE BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE OBTAINED AND RELIED UPON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS DETERMINATION. ROSOVSKY'S COMPENSATION AFTER JULY 1, 2013 AND THOMAS' COMPENSATION AFTER JULY 1, 2014 WERE DETERMINED BY THE COMPENSATION COMMITTEE USING THE PROCESS DISCUSSED IN SCHEDULE O "COMPENSATION REVIEW PROCESS".
SCHEDULE J, PART II, SCHEDULE J SUPPLEMENTAL INFORMATION	STEPHEN BLYTH IS A MANAGING DIRECTOR AND THE HEAD OF PUBLIC MARKETS FOR HARVARD MANAGEMENT COMPANY (HMC), A RELATED ORGANIZATION OF THE UNIVERSITY. DURING THE CALENDAR YEAR 2013, DR. BLYTH HELD A SENIOR FACULTY POSITION AT THE UNIVERSITY FOR WHICH HE RECEIVED A NOMINAL SALARY OF $1 PER MONTH. CONCURRENTLY, DR. BLYTH WAS A KEY EMPLOYEE OF HMC, WHICH HAS DISCLOSED HIS COMPENSATION FROM HMC, TOTALING $11,498,516, ON ITS FORM 990 FOR THE YEAR ENDED JUNE 30, 2014. NONE OF DR. BLYTH'S COMPENSATION FROM HMC RELATED TO HIS TEACHING POSITION AT THE UNIVERSITY. THE UNIVERSITY HAS NOT LISTED DR. BLYTH AS ONE OF ITS HIGHEST COMPENSATED EMPLOYEES GIVEN THE DISCLOSURE ON THE HMC FORM 990 AND IN ORDER TO HIGHLIGHT THE FIVE HIGHEST COMPENSATED EMPLOYEES WHO RECEIVED COMPENSATION FROM THE UNIVERSITY. FORMER PROVOST HYMAN CONTINUES TO BE EMPLOYED BY THE UNIVERSITY. HE IS REPORTED AS 'FORMER' BECAUSE HE DID NOT SERVE IN AN OFFICER CAPACITY DURING FISCAL YEAR 2014. FELLOW BACOW HAD A PAID FACULTY APPOINTMENT DURING CALENDAR YEAR 2013 UNRELATED TO HIS WORK AS A MEMBER OF THE HARVARD CORPORATION. THE COMPENSATION FOR HIS ACADEMIC SERVICES IS REPORTED IN FORM 990, PART VII, SECTION A, COLUMN (D).
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.	OTHER=OTHER :
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.	OTHER=ARCHIVAL :
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.	OTHER=AUCTION :
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.	OTHER=EQUIPMENT/FURNITURE :
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.	OTHER=OTHER :
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.	OTHER=ARCHIVAL :
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.	OTHER=AUCTION :
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.	OTHER=EQUIPMENT/FURNITURE :

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990. MediumBullet

See separate instructions.
MediumBullet

Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

Name of the organization

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Employer identification number

04-2103580

Part I

Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) 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) BEAU GESTE XXV LLC HRES 1350 MASS AVE CAMBRIDGE,MA02138 20-2138990	REAL ESTATE	MA	25,591,314	66,542,212	PRESIDENT AND FELLOWS OF HARVARD COLLEGE
(2) DG EQUITY PARTICIPANTS II LLC 131 SOUTH DEARBORN ST 32 FL CHICAGO,IL60603 98-1167777	INVESTMENTS	DE	142,891,000	142,900,000	DG PARTICIPANTS LTD
(3) FIELD COURSE LLC 1209 ORANGE ST THE CORP TRUST CO WILMINGTON,DE19801 00-1069145	ACADEMIC	DE	67,917	47,799	PRESIDENT AND FELLOWS OF HARVARD COLLEGE
(4) HARVARD INTERNATIONAL LLC 1350 MASS AVE STE 980 CAMBRIDGE,MA02138 30-0459737	INTERNATIONAL SUPPORT	MA	0	1,065	PRESIDENT AND FELLOWS OF HARVARD COLLEGE
(5) HARVARD UNIVERSITY BEACON YARDS LLC 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 03-0517218	REAL ESTATE	MA	0	79,792,066	PRESIDENT AND FELLOWS OF HARVARD COLLEGE

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 entity?
(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	Yes	No
(1) AFRICA ACADEMY FOR PUBLIC HEALTH	RESEARCH	TZ		N/A	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(2) AMERICAN REPERTORY THEATRE COMPANY INC 62 BRATTLE ST CAMBRIDGE,MA02138 04-2665867	PERFORMING ARTS	MA	501(C)(3)	9	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(3) ASSOCIACAO DAVID ROCKEFELLER CENTER DE UNIVERSIDADE DE HARVARD	EDUCATION	BR		N/A	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(4) BLUE MARBLE HOLDINGS CORP 600 ATLANTIC AVE BOSTON,MA02210 23-7014581	INVESTMENT MANAGEMENT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(5) BOTSWANA-HARVARD AIDS INSTITUTE	RESEARCH	BC		N/A	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(6) CENTRE RECHERCHE EUROPEEN DE LA HBS	RESEARCH SUPPORT	FR		N/A	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(7) DEMETER HOLDINGS CORP 600 ATLANTIC AVE BOSTON,MA02210 04-3044742	INVESTMENT MANAGEMENT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(8) DOYUKAI FUND FOR HARVARD INC 800 BOYLSTON ST BOSTON,MA02199 04-3478889	RESEARCH SUPPORT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(9) DUBAI HARVARD FOUNDATION FOR MEDICAL RESEARCH INC 401 PARK DR BOSTON,MA02215 52-2446955	EDUCATION AND RESEARCH	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(10) ENDOWMENT FOR RESEARCH IN HUMAN BIOLOGY INC 160 FEDERAL ST BOSTON,MA02115 04-2702030	RESEARCH	MA	501(C)(3)	11 - Type III - NFI	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(11) FUNDACION CENTRO DE INVESTIGACION DE LA ESCUELA DE ADMIN DE EMPRESA	RESEARCH SUPPORT	AR		N/A	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(12) FUNDACION DRCLAS CHILE	FACULTY AND STUDENT ACTIVITIES	CI		N/A	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(13) GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC HMS DEAN OF FAC OF MED BOSTON,MA02115 04-3293162	RESEARCH SUPPORT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(14) HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN C 3 BLACKFAN CIRCLE 5TH FL CLSB BOSTON,MA02115 30-0773387	RESEARCH	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(15) HARVARD BUSINESS SCHOOL INTERACTIVE INC SOLDIERS FIELD RD BOSTON,MA02163 04-3395140	EXECUTIVE EDUCATION	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(16) HARVARD BUSINESS SCHOOL PUBLISHING CORP 300 NORTH BEACON ST WATERTOWN,MA02472 04-3177990	PUBLISHING	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(17) HARVARD DEDICATED ENERGY LIMITED 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 03-0425512	ELECTRICITY PURCHASING	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(18) HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC 14 STORY ST 3RD FL CAMBRIDGE,MA02138 45-4535664	GLOBAL SUPPORT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(19) HARVARD MAGAZINE INC 7 WARE ST CAMBRIDGE,MA02138 04-6112308	PUBLISHING	MA	501(C)(3)	11 - Type III - FI	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(20) HARVARD MANAGEMENT COMPANY INC 600 ATLANTIC AVE BOSTON,MA02210 23-7361259	INVESTMENT MANAGEMENT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(21) HARVARD MANAGEMENT PRIVATE EQUITY CORP 600 ATLANTIC AVE BOSTON,MA02210 04-3070522	INVESTMENT MANAGEMENT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(22) HARVARD MEDICAL CENTER 25 SHATTUCK ST BOSTON,MA02115 04-2213292	MEDICAL EDUCATION	MA	501(C)(3)	11 - Type I	NA		No
(23) HARVARD NEURODISCOVERY CENTER INC 25 SHATTUCK ST BOSTON,MA02115 31-1745145	RESEARCH SUPPORT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(24) HARVARD PRIVATE CAPITAL HOLDINGS INC 600 ATLANTIC AVE BOSTON,MA02210 04-3070519	INVESTMENT MANAGEMENT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(25) HARVARD PRIVATE CAPITAL REALTY INC 600 ATLANTIC AVE BOSTON,MA02210 22-3138409	INVESTMENT MANAGEMENT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(26) HARVARD REAL ESTATE - ALLSTON INC 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 04-3373410	TITLE HOLDING COMPANY	MA	501(C)(25)	N/A	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(27) HARVARD REAL ESTATE INC 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 04-2649303	REAL ESTATE BROKERAGE	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(28) HARVARD-YENCHING INSTITUTE VANSERG HALL 25 FRANCIS AVE CAMBRIDGE,MA02138 04-2062394	EDUCATION	MA	501(C)(3)	11 - Type I	NA		No
(29) ION INC 1350 MASS AVE CAMBRIDGE,MA02138 22-3032677	RESEARCH	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(30) LONGWOOD MEDICAL ENERGY COLLABORATIVE INC 160 LONGWOOD AVE BOSTON,MA02115 04-3476764	ENERGY SERVICES	MA	501(C)(3)	11 - Type I	NA		No
(31) MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER INC 100 BIGELOW ST HOLYOKE,MA01040 27-3014805	RESEARCH	MA	501(C)(3)	11 - Type I	NA		No
(32) MGHPCC HOLYOKE INC 100 BIGELOW ST HOLYOKE,MA01040 45-2257442	RESEARCH	MA	501(C)(3)	11 - Type I	NA		No
(33) PHEMUS CORP 600 ATLANTIC AVE BOSTON,MA02210 04-2997367	INVESTMENT MANAGEMENT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(34) PUTNAM SQUARE APARTMENTS INC HRES 1350 MASS AVE CAMBRIDGE,MA02138 04-6251287	REAL ESTATE	MA	501(C)(3)	9	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(35) RED TOP INC MURR CTR 65 NORTH HARVARD ST BOSTON,MA02163 51-0189788	ATHLETICS	CT	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(36) SHIPPING VENTURE CORP 600 ATLANTIC AVE BOSTON,MA02210 04-3263656	INVESTMENT MANAGEMENT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(37) STUDENT CLUBS OF HBS INC SOLDIERS FIELD RD BOSTON,MA02163 57-1152691	STUDENT SUPPORT	MA	501(C)(3)	11 - Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes
(38) THE CARL J SHAPIRO INSTITUTE FOR EDUCATION AND RESEARCH AT HARVARD 330 BROOKLINE AVE BOSTON,MA02215 04-3326928	MEDICAL EDUCATION AND RESEARCH	MA	501(C)(3)	11 - Type I	NA		No
(39) TRUSTEES FOR HARVARD UNIVERSITY 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 53-0199180	EDUCATION	DC	501(C)(3)	11 - Type II	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2013

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
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) 170 BROADWAY LLC 362 5TH AVE STE 1201 NEW YORK,NY10001	INVESTMENTS	DE	CROWN ATLANTIC RETAIL I LLC	EXCLUDED	0	0		No			No	80 %
(2) 441 ROCKAWAY OWNER LLC 362 5TH AVE STE 1201 NEW YORK,NY10001	INVESTMENTS	DE	CROWN ATLANTIC RETAIL I LLC	EXCLUDED	0	0		No			No	80 %
(3) ALCION REAL ESTATE PARTNERS II LP ONE POST OFFICE SQUARE STE 3150 BOSTON,MA02109 26-3400946	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	10,031,608	124,063,385		No	-1,026,528		No	99.5 %
(4) ALCION REAL ESTATE PARTNERS LP ONE POST OFFICE SQUARE STE 3150 BOSTON,MA02109 20-1973523	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	12,187,213	97,536,699		No	1,842,748		No	93.93 %
(5) ALPINE APARTMENTS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 90-0908453	INVESTMENTS	DE	IEC ATLANTIC III LLC	EXCLUDED	-21,211	5,201,083		No			No	79 %
(6) AMERRA AGRI OPPORTUNITY FUND LP 1185 AVENUE OF THE AMERICA 18 FL NEW YORK,NY10036 27-3310646	INVESTMENTS	DE	HARVARD MANAGEMENT PRIVATE EQUITY CORP	EXCLUDED	8,563,326	102,486,146		No	82,621		No	98.79 %
(7) ATLANTIC CT HOLDINGS II LLC 65 ENTERPRISE STE 150 ALISO VIEJO,CA92656 46-2548899	INVESTMENTS	DE	ATLANTIC WESTERN INDUSTRIAL II LLC	EXCLUDED	-19,519	6,906,432		No			No	93.5 %
(8) ATLANTIC CT HOLDINGS LLC 65 ENTERPRISE STE 150 ALISO VIEJO,CA92656 46-2501216	INVESTMENTS	DE	ATLANTIC WESTERN INDUSTRIAL LLC	EXCLUDED	52,741	19,284,320		No			No	93.5 %
(9) ATLANTIC TORONTO LP HMC INC 600 ATLANTIC AVE BOSTON,MA02210 35-2384789	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	1,513,658	17,815,947		No			No	99.99 %
(10) BAINBRIDGE CC URBANA APARTMENTS LLC 12765 WEST FORST HILL BLVDSTE 1307 WELLINGTON,FL33414	INVESTMENTS	DE	BLUE ATLANTIC URBANA LLC	EXCLUDED	0	0		No			No	88.2 %
(11) BAUPOST INSTITUTIONAL REALTY PARTERS LLC - I 10 ST JAMES AVE STE 1700 BOSTON,MA02116 04-3437926	INVESTMENTS	MA	HB INSTITUTIONAL LP	EXCLUDED	-5,233	67,417		No			No	63.25 %
(12) BAUPOST INSTITUTIONAL REALTY PARTNERS LLC - II 10 ST JAMES AVE STE 1700 BOSTON,MA02116 04-3481078	INVESTMENTS	MA	HB INSTITUTIONAL LP	EXCLUDED	715,982	11,002,996		No			No	60.07 %
(13) BAYNORTH REALTY FUND IV LP 200 CLARENDON ST 54TH FL BOSTON,MA02116 04-3423446	INVESTMENTS	MA	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	1,473,040	7,278,346		No			No	86.99 %
(14) BAYNORTH REALTY FUND V LP 200 CLARENDON ST 54TH FL BOSTON,MA02116 04-3537051	INVESTMENTS	MA	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	-1,454,542	1,543,754		No			No	60.59 %
(15) B-BROOK-B SARL 20 RUE DE LA POSTE L-2346 LUXEMBOURG LU 98-0558809	INVESTMENTS	LU	HB CAYMAN LTD	EXCLUDED	0	7,277		No			No	55.1 %
(16) BH INVESTMENTS FUND LLC 655 THIRD AVE - 11TH FL NEW YORK,NY10017 04-3070522	INVESTMENTS	DE	HARVARD MANAGEMENT PRIVATE EQUITY CORP	EXCLUDED	42,652,552	259,632,007		No			No	100 %
(17) BLUE ATLANTIC ACQUISITION GROUP II LLC 111 SOUTH WACKER DR STE 3300 CHICAGO,IL60606 90-0909419	INVESTMENTS	DE	ATLANTIC STUDENT HOUSING LLC	EXCLUDED	676,200	27,777,812		No			No	98 %
(18) BLUE ATLANTIC ACQUISITION GROUP LLC 111 SOUTH WACKER DR STE 3300 CHICAGO,IL60606 27-4668306	INVESTMENTS	DE	ATLANTIC STUDENT HOUSING LLC	EXCLUDED	5,674,200	65,406,441		No			No	98 %
(19) BPR CO-INVESTOR LLC 7121 FAIRWAY DR STE 410 PLM BCH GARDN,FL33418 20-8376342	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	1,688,987	18,620,721		No			No	100 %
(20) BUCKINGHAM ATLANTIC LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-0545782	INVESTMENTS	DE	IEC ATLANTIC II LLC	EXCLUDED	1,280,038	5,686		No			No	78.4 %
(21) CAPITAL PARTNERS (2) US TAX EXEMPT INVESTORS FUND LP LVL 8 AURORA PL 88 PHILLIP ST SYDNEY NSW 2000 AS 98-0542678	INVESTMENTS	AS	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	607	0		No			No	100 %
(22) CARMEL HOUSE APARTMENTS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-1377243	INVESTMENTS	DE	IEC ATLANTIC III LLC	EXCLUDED	313,829	17,217,240		No			No	92.83 %
(23) CCI-B INST LLC 800 BRAZOS ST STE 600 AUSTIN,TX78701 39-2060908	INVESTMENTS	TX	HB INSTITUTIONAL LP	EXCLUDED	-18,865,981	4,613,217		No			No	52.88 %
(24) CERBERUS MA PARTNERS LP 190 ELGIN AVE GEORGE TOWN,GRAND CAYMANKYI-9005 CJ 36-4762301	INVESTMENTS	CJ	ATLANTIC CIREP EUROPE LLC	EXCLUDED	1,536,771	44,210,388		No			No	98.5 %
(25) CHAMBERS BURGER PROPERTY LP CB EQUITY LLC1370 AVE OF AMERICA NEW YORK,NY10019 46-0986140	INVESTMENTS	DE	CB EQUITY LLC	EXCLUDED	-220,770	21,278,481		No			No	71.93 %
(26) CHEROKEE INVESTMENT PARTNERS III PARALLEL FUND LP 111 E HARGETT ST STE 300 RALEIGH,NC27601 71-0890767	INVESTMENTS	DE	HPC CHEROKEE VENTURES LLC	EXCLUDED	692,660	8,618,985		No			No	53.05 %
(27) COMPOSITION CAPITAL ASIA FUND II CV WTC AMSTZUIDPLEIN126TWR H-15FL AMSTERDAM 1077 XV NL 98-0563996	INVESTMENTS	NL	COMPOSITION CAPITAL ASIA II FEEDER CV	EXCLUDED	5,131,123	69,311,768		No			No	58.39 %
(28) COMTEL TELECOM ASSETS LP 200 CLARENDON ST BOSTON,MA02116 20-3237782	INVESTMENTS	TX	COMTEL ASSETS CORP	EXCLUDED	307,392	4,327,594		No			No	65.24 %
(29) CORAL SENIOR HOUSING II LLC 975 F ST NW 9TH FL WASHINGTON,DC20004 32-0410036	INVESTMENTS	DE	CORAL LIVING II LLC	EXCLUDED	0	49,139,321		No			No	99.5 %
(30) CORAL SENIOR HOUSING III LLC 975 F ST NW 9TH FL WASHINGTON,DC20004	INVESTMENTS	DE	CORAL LIVING III LLC	EXCLUDED	0	0		No			No	99.5 %
(31) CORAL SENIOR HOUSING LLC 975 F ST NW 9TH FL WASHINGTON,DC20004 27-3934030	INVESTMENTS	DE	CORAL LIVING LLC	EXCLUDED	76,627,229	6,812,932		No			No	93.56 %
(32) CORAL-FSP INVESTMENT FUND I LLC 3820 MANSELL RD STE 275 ALPARETTA,GA30022 45-3203414	INVESTMENTS	DE	CSH PROGRAM REIT INC	EXCLUDED	-1,428,889	11,616,557		No			No	74.85 %
(33) CORAL-FSP INVESTMENT FUND II LLC 975 F ST NW 9TH FL WASHINGTON,DC20004	INVESTMENTS	DE	CSH PROGRAM REIT II INC	EXCLUDED	0	0		No			No	84.58 %
(34) CORE EM DIVERSIFIED EQUITY FUND LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-0711788	INVESTMENTS	DE	HARVARD MANAGEMENT PRIVATE EQUITY CORP	EXCLUDED	4,399,189	143,301,289		No			No	100 %
(35) CREEKSIDE GLEN APARTMENTS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-1384936	INVESTMENTS	DE	IEC ATLANTIC III LLC	EXCLUDED	358,645	26,448,865		No			No	92.83 %
(36) CROSSPOINT TECHNOLOGY HOLDINGS LLC 300 THIRD AVE STE 2 WALTHAM,MA02451 04-3520886	INVESTMENTS	DE	BAYNORTH REALTY FUND IV LP	EXCLUDED	1,545,442	10,381,774		No			No	78.29 %
(37) CROWN ATLANTIC RETAIL LLC 767 FIFTH AVE STE 2400 NEW YORK,NY10153 46-1605646	INVESTMENTS	DE	ATLANTIC URBAN RETAIL INC	EXCLUDED	-241,310	17,626,316		No			No	88.89 %
(38) CROWN ICS 5TH ACQUISITIONS LLC 362 5TH AVE STE 1201 NEW YORK,NY10001	INVESTMENTS	DE	ATLANTIC URBAN RETAIL INC	EXCLUDED	0	0		No			No	60.57 %
(39) CSH-STAR ESCONDIDO LLC 975 F ST NW 9TH FL WASHINGTON,DC20004 61-1674156	INVESTMENTS	DE	CSH PROGRAM REIT INC	EXCLUDED	-100,734	10,142,227		No			No	88.89 %
(40) CVI CHVF LP 9320 EXCELSIOR BLVD HOPKINS,MN55343 80-0941373	INVESTMENTS	DE	HARVARD MANAGEMENT PRIVATE EQUITY CORP	EXCLUDED	5,949,272	107,895,591		No			No	99.99 %
(41) CYPRESS CREEK APARTMENTS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-1403554	INVESTMENTS	DE	IEC ATLANTIC III LLC	EXCLUDED	247,752	16,068,830		No			No	92.83 %
(42) CYPRESS REALTY IV LP 301 CONGRESS AVE STE 500 AUSTIN,TX78701 74-3000106	INVESTMENTS	DE	HARVARD MANAGEMENT PRIVATE EQUITY CORP	EXCLUDED	975,003	7,707,112		No	428,027		No	51.63 %
(43) DENHAM COMMODITY PARTNERS FUND II LP 200 CLARENDON ST 25TH FL BOSTON,MA02116 77-0644776	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL HOLDINGS INC	EXCLUDED	55,149,853	96,107,369		No			No	89.34 %
(44) DENHAM COMMODITY PARTNERS FUND III LP 200 CLARENDON ST 25TH FL BOSTON,MA02116 56-2502675	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL HOLDINGS INC	EXCLUDED	6,629,628	44,907,529		No			No	74.91 %
(45) DENHAM COMMODITY PARTNERS FUND LP 200 CLARENDON ST 25TH FL BOSTON,MA02116 20-1256865	INVESTMENTS	DE	PHEMUS CORP	EXCLUDED	0	0		No			No	81.4 %
(46) DEVONIAN LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02110 90-0721046	INVESTMENTS	DE	MEDOWLARK LLC	UNRELATED	4,414,637	139,959,476		No	3,722,238		No	99.91 %
(47) DS CO-INVESTORS LLC WESTBRK PRTN3300 PGA BLVDSTE 820 PLM BCH GARDN,FL33410 55-0911808	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	1,423,972	70,321,263		No			No	50 %
(48) EAE ATLANTIC LLC 1065 AVE O THE AMER31 FL NEW YORK,NY10024 36-4743445	INVESTMENTS	DE	ATLANTIC WFH INVESTOR LLC	EXCLUDED	0	227,233,960		No			No	90.9 %
(49) EMBARCADERO CAPITAL INVESTORS LP 1301 SHOREWAY RD STE 250 BELMONT,CA94002 05-0556547	INVESTMENTS	DE	ATLANTIC PACIFIC REALTY INC	EXCLUDED	17,783,326	0		No			No	74.34 %
(50) EMERGING COUNTRIES OPPORTUNITY MASTER FUND LP 68 FORT ST PO BOX 705GT GRAND CAYMANKY1-1107 CJ 98-0548448	INVESTMENTS	CJ	EMERGING COUNTRIES OPPORTUNITY FUND LTD	EXCLUDED	0	0		No			No	94.08 %
(51) FSP TRS HOLDING LP 3820 MANSELL RD STE 275 ALPARETTA,GA30022 80-0902908	INVESTMENTS	DE	CORAL-FSP INVESTMENT FUND I LLC	EXCLUDED	-296,207	933,060		No			No	74.85 %
(52) GBE INVESTMENTS LP POB309GTUGLAND HOUSES CHURCH ST GEORGE TOWN CJ	INVESTMENTS	CJ	BLUE MARBLE HOLDINGS CORP	EXCLUDED	-3,758,211	173,019,989		No			No	98.7 %
(53) GERRITY ATLANTIC RETAIL PARTNERS LLC 977 LOMAS SANTA FE DR STE A SOLANA BEACH,CA92075 27-4257497	INVESTMENTS	DE	ATLANTIC RETAIL WEST LLC	EXCLUDED	6,291,366	123,786,814		No			No	98.01 %
(54) GREENFIELD BLR FINANCE PARTNERS LP 50 NORTH WATER ST SOUTH NORWALK,CT06854 27-4267038	INVESTMENTS	DE	HARVARD MANAGEMENT PRIVATE EQUITY CORP	EXCLUDED	0	419,469		No			No	69.1 %
(55) GREENFIELD BLR PARTNERS LP 50 NORTH WATER ST SOUTH NORWALK,CT06854 20-1221910	INVESTMENTS	DE	HARVARD MANAGEMENT PRIVATE EQUITY CORP	EXCLUDED	-2,515	122		No			No	69.1 %
(56) GREENHAVEN APARTMENTS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 27-4746803	INVESTMENTS	DE	IEC ATLANTIC I LLC	EXCLUDED	52,492	33,076,282		No			No	91.63 %
(57) HARVARD COMMINGLED ACCOUNT HMC INC 600 ATLANTIC AVE BOSTON,MA02210 04-3344621	INVESTMENTS	MA	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	EXCLUDED	380,831,103	3,542,508,315		No		Yes		95.55 %
(58) HARVARD CV LLC 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 80-0641747	REAL ESTATE	MA	HARVARD REAL ESTATE CV INC	EXCLUDED	-11,162,979	0		No			No	99 %
(59) HARVARD INVESTMENT ASSOCIATES HMC INC 600 ATLANTIC AVE BOSTON,MA02210 04-3507407	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL HOLDINGS INC	EXCLUDED	9,784,102	29,672,085	Yes		27,514	Yes		100 %
(60) HB INSTITUTIONAL LP 10 ST JAMES AVE STE 1700 BOSTON,MA02116 04-3425685	INVESTMENTS	MA	HARVARD PRIVATE CAPITAL HOLDINGS INC	EXCLUDED	164,817,538	1,859,369,988		No	3,005,890		No	99.77 %
(61) HFMM 770 BAY LP 250 YONGE ST STE 2400 TORONTO,ONTARIOM5B 2M6 CA	INVESTMENTS	CA	ALCION REAL ESTATE PARTNERS LP	EXCLUDED	37,475	138,409		No			No	93.93 %
(62) HFMM LP 4711 YONGE ST STE 1400 TORONTO,ONTARIOM2N 7E4 CA	INVESTMENTS	CA	ALCION REAL ESTATE PARTNERS LP	EXCLUDED	-2,280,517	19,531,108		No			No	93.93 %
(63) IEC ATLANTIC I LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 27-3609237	INVESTMENTS	DE	ATLANTIC MULTIFAMILY HOUSING LLC	EXCLUDED	3,646,724	47,889,048		No			No	98 %
(64) IEC ATLANTIC II LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 37-1657369	INVESTMENTS	DE	ATLANTIC MULTIFAMILY HOUSING LLC	EXCLUDED	2,445,790	80,922,328		No			No	98 %
(65) IEC ATLANTIC III LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 32-0390438	INVESTMENTS	DE	ATLANTIC MULTIFAMILY HOUSING III LLC	EXCLUDED	868,508	63,703,468		No			No	98.75 %
(66) IEC BREAKWATER LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-4447102	INVESTMENTS	DE	IEC ATLANTIC II LLC	EXCLUDED	207,758	16,886,126		No			No	88.2 %
(67) IEC HIDDEN CREEK LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-3083079	INVESTMENTS	DE	IEC ATLANTIC I LLC	EXCLUDED	-4,403	16,232,788		No			No	78.4 %
(68) IEC JEFFERSON 2 LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-5466161	INVESTMENTS	DE	IEC ATLANTIC II LLC	EXCLUDED	651,581	4,327		No			No	83.3 %
(69) IEC JEFFERSON I LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-3679129	INVESTMENTS	DE	IEC ATLANTIC I LLC	EXCLUDED	1,511,229	11,372		No			No	78.4 %
(70) IEC NINTH AVENUE LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-5466236	INVESTMENTS	DE	IEC ATLANTIC II LLC	EXCLUDED	454,313	4,767		No			No	83.3 %
(71) INDY BLUE EQUITY LLC 1370 AVE OF AMERICA NEW YORK,NY10019 45-3668839	INVESTMENTS	DE	INDY BLUE MANAGER LLC	EXCLUDED	2,026,790	40,792,796		No			No	71.93 %
(72) IRON POINT CO-INVESTMENT I LLC 201 MAIN ST STE 2300 FORT WORTH,TX76102 45-4748900	INVESTMENTS	DE	ATLANTIC T5 HOLDINGS LLC	EXCLUDED	63	80,749,997		No			No	84.21 %
(73) IRON POINT REAL ESTATE PARTNERS II- TE (H) LP 201 MAIN ST STE 2300 FORT WORTH,TX76102 45-2502061	INVESTMENTS	DE	ATLANTIC IP HOLDINGS LLC	UNRELATED	-364,034	32,378,106		No	-707,331		No	100 %
(74) IRON POINT REAL ESTATE PARTNERS -TE (H) LP 201 MAIN ST STE 2300 FORT WORTH,TX76102 26-0526961	INVESTMENTS	TX	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	4,158,062	64,255,769		No	-1,885,226		No	73.54 %
(75) ISLA VISTA ACQUISITION GROUP LLC 111 SOUTH WACKER DR STE 3300 CHICAGO,IL60606 27-2436234	INVESTMENTS	DE	ATLANTIC STUDENT HOUSING LLC	EXCLUDED	3,010,000	23,521,405		No			No	70 %
(76) JEN CAPITAL REAL ESTATE FUND LP 19 WORLDWIDE HOUSE 19 DES VOEUX RD HONG KONG CH	INVESTMENTS	CJ	COMPOSITION CAPITAL ASIA FUND II CV	EXCLUDED	-197,394	1,994,709		No			No	55.61 %
(77) LIQUID REALTY PARTNERS IV (PF1) LP 199 E LINDA MESA AVE 10 DANVILLE,CA94526 26-0346359	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	1,365,225	36,051,923		No	61,105		No	100 %
(78) LIQUID REALTY PARTNERS IV INVESTMENTS AIV (PF1) LP 199 E LINDA MESA AVE 10 DANVILLE,CA94526	INVESTMENTS	DE	LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LTD	EXCLUDED	0	0		No			No	100 %
(79) LIQUID REALTY PARTNERS IV INVESTMENTS II AIV (PF1) LP 199 E LINDA MESA AVE 10 DANVILLE,CA94526	INVESTMENTS	DE	LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) II LP	EXCLUDED	0	0		No			No	100 %
(80) LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LP 199 E LINDA MESA AVE 10 DANVILLE,CA94526 26-0489545	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	0	12,617,345		No			No	100 %
(81) LMI PEARL APARTMENT HOLDINGS LLC 111 SOUTH WACKER DR STE 3300 CHICAGO,IL60606	INVESTMENTS	DE	BLUE ATLANTIC AUSTIN LLC	EXCLUDED	0	0		No			No	73.5 %
(82) LONGFELLOW ATLANTIC HOLDINGS LLC LNGFLW RE PRS LLC 260 FRANKLIN ST BOSTON,MA02110	INVESTMENTS	DE	ATLANTIC SCIENCE LLC	EXCLUDED	0	0		No			No	99 %
(83) LUBERT-ADLER CAPITAL REAL ESTATE FUND III LP 2929 ARCH STSTE 1650THE CIRA CTR PHILADELPHIA,PA19104 55-2279515	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL REALTY INC	UNRELATED	362,274	24,879,422		No	-562,532		No	77.86 %
(84) MCRB LLC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 46-1235435	INVESTMENTS	DE	SAPPHIRE HOSPITALITY LLC	EXCLUDED	4,035,097	81,235,117		No			No	74.79 %
(85) MCRS LLC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 27-3637201	INVESTMENTS	MA	SAPPHIRE HOSPITALITY LLC	EXCLUDED	5,157,187	90,791,848		No			No	85.9 %
(86) MDH ATLANTIC HOLDINGS LLC 3715 NSIDE PKWY NW BLDG400STE240 ATLANTA,GA30327	INVESTMENTS	DE	ATLANTIC SOUTHEAST INDUSTRIAL LLC	EXCLUDED	0	0		No			No	96.67 %
(87) NORTH IDAHO APARTMENTS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 27-4596307	INVESTMENTS	DE	IEC ATLANTIC I LLC	EXCLUDED	-14,656	0		No			No	91.63 %
(88) OLD LANE HMA MASTER FUND LP POB 309 UGLAND HOUSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ 98-0487260	INVESTMENTS	CJ	OLD LANE HMAFF LP	EXCLUDED	120,632	0		No			No	99.69 %
(89) PATIO GARDENS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-5311665	INVESTMENTS	DE	IEC ATLANTIC II LLC	EXCLUDED	249,436	19,911,258		No			No	83.3 %
(90) PSI ATLANTIC HOLDINGS LLC 530 OAK COURT DR STE 185 MEMPHIS,TN38117	INVESTMENTS	DE	ATLANTIC SELF STORAGE LLC	EXCLUDED	0	0		No			No	98.67 %
(91) PUTNAM SQUARE APTS CO LP HRES 1350 MASS AVE CAMBRIDGE,MA02138 04-3183446	REAL ESTATE	MA	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	EXCLUDED	7,869,108	0		No			No	99 %
(92) QUEENS VENTURES LLC 1065 AVE O THE AMER31 FL NEW YORK,NY10024 80-0963664	INVESTMENTS	DE	EAE ATLANTIC II INC	EXCLUDED	-726,917	348,749,003		No			No	87.04 %
(93) ROUND TABLE ASSET RECOVERY INTERMEDIATE FUND LTD WINDWARD I2FLREG OFC PRKW BAY RD KY1 1205 CJ	INVESTMENTS	CJ	ROUND TABLE INTEREST RATE FUND LTD	EXCLUDED	0	0		No			No	69.36 %
(94) ROUND TABLE INTEREST RATE MASTER FUND LTD WINDWARD I2FLREG OFC PRKW BAY RD KY1 1205 CJ 98-0550169	INVESTMENTS	CJ	ROUND TABLE ASSET RECOVERY INTERMEDIATE FUND LTD	EXCLUDED	19,707,065	107,300,556		No			No	58.02 %
(95) RUBY ATLANTIC AJCP HOLDINGS LLC 621 WEST RANDOLPH ST STE 4 CHICAGO,IL60661	INVESTMENTS	DE	RUBY ATLANTIC HOSPITALITY LLC	EXCLUDED	0	0		No			No	71.37 %
(96) SILK ROAD HOLDING PTE LTD 6 BATTERY RD 112-01 049909 SN	INVESTMENTS	CH	PEARL RETAIL INC	EXCLUDED	1,307,345	187,100,507		No			No	50 %
(97) SOIL INNOVATIONS LLC AV DR CARDOSO DE MELO1340-11 ANDAR SAO PAULO 04548-004 BR 90-0538481	INVESTMENTS	DE	PHEMUS CORP	EXCLUDED	-51,416	284,818,233		No			No	100 %
(98) SOUTHWOOD GARDENS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-4154784	INVESTMENTS	DE	IEC ATLANTIC II LLC	EXCLUDED	-338,732	48,979,680		No			No	93.1 %
(99) STOLBERG MEEHAN & SCANO II-A LP 370 17TH ST STE 3650 DENVER,CO80202 02-0537969	INVESTMENTS	DE	HARVARD MANAGEMENT PRIVATE EQUITY CORP	EXCLUDED	1,262,750	0		No			No	67.41 %
(100) TETRIS PROPERTY LP CB EQUITY LLC1370 AVE OF AMERICA NEW YORK,NY10019 46-1625319	INVESTMENTS	DE	USRA ATLANTIC NET LEASE CAPITAL CORP	EXCLUDED	473,731	31,011,538		No			No	71.93 %
(101) THE ECO PRODUCTS FUND 400 MADISON AVE STE 14A NEW YORK,NY10017 26-1329990	INVESTMENTS	DE	PHEMUS CORP	UNRELATED	166,718	9,913,316		No	-300,888		No	52.39 %
(102) THE TRITON FUND II NO 2 LP 22 GRENVILLE ST ST. HELIER JE4 8PX JE	INVESTMENTS	JE	HARVARD MANAGEMENT PRIVATE EQUITY CORP	EXCLUDED	10,318,985	10,442,075		No			No	100 %
(103) THE VILLAGE 1 LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-3419666	INVESTMENTS	DE	IEC ATLANTIC I LLC	EXCLUDED	1,228,882	1,763		No			No	78.4 %
(104) THE VILLAGE 2 LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-3159941	INVESTMENTS	DE	IEC ATLANTIC I LLC	EXCLUDED	935,348	5,506		No			No	78.41 %
(105) THE WILDHORN FUND LP POB1234 GT QUNSGTE HSES CRCH ST GEORGE TOWN,GRAND CAYMAN CJ 98-0527266	INVESTMENTS	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	EXCLUDED	-31,135	1,070,675		No			No	100 %
(106) TRAVIS COAL RESTRUCTURED HOLDINGS LLC 200 CLARENDON ST BOSTON,MA02116 20-2595311	INVESTMENTS	DE	DENHAM COMMODITY PARTNERS FUND II LP	EXCLUDED	-7,322	171,644,714		No			No	84.5 %
(107) USRA ATLANTIC CAPITAL PARTNERS LLC 1370 AVE OF AMERICA NEW YORK,NY10019 45-2686195	INVESTMENTS	DE	ATLANTIC NET LEASE INVESTOR LLC	EXCLUDED	3,972,611	75,519,493		No			No	71.93 %
(108) VERBENA LLC DBA PURPLE VERBENA LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02110 90-0708621	INVESTMENTS	DE	DEVONIAN LLC	EXCLUDED	4,418,436	140,079,985		No			No	84.7 %
(109) WASHINGTON HEIGHTS I LLC 1065 AVE O THE AMER31 FL NEW YORK,NY10024 80-0858078	INVESTMENTS	DE	EAE ATLANTIC I INC	EXCLUDED	-158,275	14,498,349		No			No	90.9 %
(110) WBH KIRBY HILL CO-INVESTMENT LLC 7121 FAIRWAY DR STE 410 PLM BCH GARDN,FL33418 14-1933484	INVESTMENTS	DE	HARVARD PRIVATE CAPITAL REALTY INC	EXCLUDED	0	-1,357,643		No			No	100 %
(111) WORLDWIDE BEAUTY ONSHORE LP 630 FIFTH AVE - 27TH FL NEW YORK,NY10111 27-4577536	INVESTMENTS	DE	HARVARD MANAGEMENT PRIVATE EQUITY CORP	EXCLUDED	10,318,985	11,375,494		No			No	71.43 %

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	(i) Section 512(b)(13) controlled entity?
(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		Yes	No
(1) 2226081 ONTARIO LTD 333 BAY ST STE 3400 TORONTO,ONTARIOM5H 2S7 CA	INVESTMENTS	CA	ALCION REAL ESTATE PARTNERS LP	C CORPORATION	8,047,410	7,367,899	93.93 %	Yes
(2) 365 CHURCH STREET LP 4711 YONGE ST STE 1400 TORONTO,ONTARIOM2N 7E4 CA	INVESTMENTS	CA	ATLANTIC TORONTO HOLDINGS INC	C CORPORATION	-607,001	11,746,389	57.84 %	Yes
(3) ADELAIDE-PETER DEVELOPMENTS 4711 YONGE ST STE 1400 TORONTO,ONTARIOM2N 7E4 CA 98-0684328	INVESTMENTS	CA	ATLANTIC TORONTO HOLDINGS INC	C CORPORATION	-90,396	30,766,907	53.92 %	Yes
(4) AGRICOLA BRINZAL LTDA AV SANTA MARIA 6350 OF307 VITACURA,SANTIAGO CI	INVESTMENTS	CI	AGRICOLA E INVERSIONES PAMPA ALEGRE SA	C CORPORATION	-895,132	16,700,945	100 %	Yes
(5) AGRICOLA DURAMEN LTDA AV SANTA MARIA 6350 OF307 VITACURA,SANTIAGO CI	INVESTMENTS	CI	AGRICOLA E INVERSIONES PAMPA ALEGRE SA	C CORPORATION	-345,184	3,719,001	100 %	Yes
(6) AGRICOLA E INVERSIONES PAMPA ALEGRE SA AV SANTA MARIA 6350 OF307 VITACURA,SANTIAGO CI	INVESTMENTS	CI	INVERSIONES TRES CUMBRES LTDA	C CORPORATION	-1,310,411	13,826,004	100 %	Yes
(7) AGRICOLA FUNDO BUCALEMU LTDA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI 98-0639220	INVESTMENTS	CI	CLAG (CHILE) SPA	C CORPORATION	-35,718	8,630,141	100 %	Yes
(8) AGRICOLA LOS RIOS SPA AV SANTA MARIA 6350 OF307 VITACURA,SANTIAGO CI 98-1209592	INVESTMENTS	CI	PHEMUS CORP	C CORPORATION	596,158	9,525,472	100 %	Yes
(9) AGRICOLA RAPEL LTDA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI 98-0639218	INVESTMENTS	CI	CLAG (CHILE) SPA	C CORPORATION	-87,911	8,656,750	100 %	Yes
(10) AGRICOLA RETIRO LTDA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI	INVESTMENTS	CI	CLAG (CHILE) SPA	C CORPORATION	-5,544	8,584,384	100 %	Yes
(11) AGRICOLA RIBERA LTDA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI	INVESTMENTS	CI	CLAG (CHILE) SPA	C CORPORATION	-87,007	3,373,821	100 %	Yes
(12) AGROFLORESTAL VERDE SUL SA RODOVIA RS473KM 22RSSALSO DISTRICT MATARAZZO,RIO GRANDE BR	INVESTMENTS	BR	PHEMUS CORP	C CORPORATION	288,023	47,908,894	100 %	Yes
(13) AQUILA INC WALKER HSE MARY ST POB908GT GEORGE TOWN,GRAND CAYMANKY1-1104 CJ 98-0532782	INVESTMENTS	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	22,864,866	95,246,472	100 %	Yes
(14) ARA INC WALKER HSE MARY ST POB908GT GEORGE TOWN,GRAND CAYMANKY1-1104 CJ 98-0543813	INVESTMENTS	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	1,752,610	7,390,723	100 %	Yes
(15) ARACARI SA PH PLAZA 2000 BLDG 50TH ST REPUBLIC OF PANAMA PM	INVESTMENTS	PM	PHEMUS CORP	C CORPORATION	0	122,072	100 %	Yes
(16) ATLANTIC AVENUE REALTY LTD MC CORP SERVUGLAND HSE S CH ST GEORGE TOWN,GRAND CAYMAN CJ 98-0533323	INVESTMENTS	CJ	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	7,557,602	30,156,670	100 %	Yes
(17) ATLANTIC CT REIT INC 65 ENTERPRISE STE 150 ALISO VIEJO,CA92656 46-2500323	INVESTMENTS	DE	ATLANTIC CT HOLDINGS LLC	C CORPORATION	32,268	47,122,538	93.5 %	Yes
(18) ATLANTIC EUROPE INVESTMENTS GP LTD 50 LOTHIAN RD FESTIVAL SQUARE EDINBURGH EH39WJ UK	INVESTMENTS	UK	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	-11,856	0	100 %	Yes
(19) ATLANTIC EUROPE INVESTMENTS LP 50 LOTHIAN RD FESTIVAL SQUARE EDINBURGH EH39WJ UK 98-0670648	INVESTMENTS	UK	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	5,843,055	24,871,979	100 %	Yes
(20) ATLANTIC PACIFIC REALTY INC 1301 SHOREWAY RD STE 250 BELMONT,CA94002 13-4283871	INVESTMENTS	MD	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	866,048	74,000	100 %	Yes
(21) ATLANTIC REIT I INC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-3882013	INVESTMENTS	DE	ATLANTIC REIT I HOLDINGS LLC	C CORPORATION	0	0	100 %	Yes
(22) ATLANTIC TORONTO 365 CHURCH STREET GENERAL PARTNER INC 355 BURRARD ST STE 1900 VANCOUVER,BRITISH COLUMBIAV6C 2G8 CA	INVESTMENTS	CA	ATLANTIC TORONTO HOLDINGS INC	C CORPORATION	0	102	99.99 %	Yes
(23) ATLANTIC TORONTO A-P GENERAL PARTNER INC 355 BURRARD ST STE 1900 VANCOUVER,BRITISH COLUMBIAV6C 2G8 CA 98-0668180	INVESTMENTS	CA	ATLANTIC TORONTO HOLDINGS INC	C CORPORATION	0	143	99.99 %	Yes
(24) ATLANTIC TORONTO GRENVILLE GENERAL PARTNER INC 355 BURRARD ST STE 1900 VANCOUVER,BRITISH COLUMBIAV6C 2G8 CA	INVESTMENTS	CA	ATLANTIC TORONTO HOLDINGS INC	C CORPORATION	0	290	99.99 %	Yes
(25) ATLANTIC TORONTO HOLDINGS INC 355 BURRARD ST STE 1900 VANCOUVER,BRITISH COLUMBIAV6C 2G8 CA 98-0668178	INVESTMENTS	CA	ATLANTIC TORONTO LP	C CORPORATION	0	67,714,803	99.99 %	Yes
(26) ATLANTIC URBAN RETAIL INC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 32-6261983	INVESTMENTS	DE	ATLANTIC URBAN RETAIL HOLDINGS LLC	C CORPORATION	-221,580	6,916,152	100 %	Yes
(27) BAINBRIDGE CC URBANA APARTMENTS REIT INC 12765WFOREST HILL BLVDST1307 WELLINGTON,FL33414	INVESTMENTS	DE	BAINBRIDGE CC URBANA APARTMENTS LLC	C CORPORATION	0	0	88.2 %	Yes
(28) BLACK KITE PTY LTD LEVEL 38 201 ELIZABETH ST SYDNEY NSW 2000 AS	INVESTMENTS	AS	BLUE MARBLE HOLDINGS CORP	C CORPORATION	0	0	100 %	Yes
(29) BLACK KITE TRUST LEVEL 38 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-6063158	INVESTMENTS	AS	SWT LP	C CORPORATION	20,181,055	51,524,247	100 %	Yes
(30) BLUE ATLANTIC INVESTORS II INC 111 EAST WAYNE ST STE 500 FORT WAYNE,IN46802 46-1452116	INVESTMENTS	DE	BLUE ATLANTIC ACQUISITION GROUP II LLC	C CORPORATION	552,688	63,465,494	98 %	Yes
(31) BLUE ATLANTIC INVESTORS INC 111 EAST WAYNE ST STE 500 FORT WAYNE,IN46802 45-1022813	INVESTMENTS	DE	BLUE ATLANTIC ACQUISITION GROUP LLC	C CORPORATION	1,267,263	152,262,179	98 %	Yes
(32) BLUE ATLANTIC SHUTTLE LLC 111 EAST WAYNE ST STE 500 FORT WAYNE,IN46802 45-2542872	INVESTMENTS	DE	BLUE ATLANTIC INVESTORS INC	C CORPORATION	0	314,183	98 %	Yes
(33) BRASIL TIMBER LTDA AVE CANDIDO DE ABREU 776 S202 3A CANTRO CIVICO 80.530-000 BR 98-0645399	INVESTMENTS	BR	DIVERSIFIED INTERNATIONAL TIMBER HOLDINGS LLC	C CORPORATION	-1,891,887	0	100 %	Yes
(34) BRODIAEA INC 5757 PACIFIC AVE STE 222 STOCKTON,CA95207 90-0862085	INVESTMENTS	DE	BELLUM LLC	C CORPORATION	0	132,885,644	100 %	Yes
(35) CARACARA LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ 98-1098610	INVESTMENTS	CJ	SOBRALIA LTD	C CORPORATION	-10,774	6,850	100 %	Yes
(36) CARACOL AGROPECUARIA LTDA AV CARLOS GOMES 1200 S502 AUX PORTO ALEGRE,RSCEP 90480 BR 98-0642730	INVESTMENTS	BR	GLOBAL FOREST INVESTMENTS LLC	C CORPORATION	-562,308	49,182,072	100 %	Yes
(37) CCA JAPAN INVESTMENT BV WTC AMSTZUIDPLEIN 126TWR H-15 FL AMSTERDAM 1077 XV NL	INVESTMENTS	NL	COMPOSITION CAPITAL ASIA FUND CV	C CORPORATION	-864,295	738,122	58.98 %	Yes
(38) CHARITABLE LEAD TRUSTS (40)	CHARITABLE TRUST	MA	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	TRUST				Yes
(39) CHARITABLE REMAINDER TRUSTS (748)	CHARITABLE TRUST	MA	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	TRUST				Yes
(40) CHENNAI 2007 IFS LTD IFS COURT 28 CYBERCITY,EBENE MP 98-0644770	INVESTMENTS	MP	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	C CORPORATION	26,928,762	180,589,448	100 %	Yes
(41) CHEVAL SP PARTICIPACOES LTDA RUA DO FORUM SN SALA B CENTRO,GUADALUPECEP 64840 BR	INVESTMENTS	BR	TERRACAL ALIMENTOS E BIOENERGIA LTDA	C CORPORATION	-4,077	143	98.7 %	Yes
(42) CLAG (CHILE) SPA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI 98-0650099	INVESTMENTS	CI	CLAG LLC	C CORPORATION	-7,490,303	61,589,328	100 %	Yes
(43) COMPOSITION CAPITAL ASIA FUND CV WTC AMSTZUIDPLEIN 126TWR H-15 FL AMSTERDAM 1077 XV NL 98-0469927	INVESTMENTS	NL	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	3,021,449	64,838,190	58.98 %	Yes
(44) COMPOSITION CAPITAL ASIA II FEEDER CV WTC AMSTZUIDPLEIN 126TWR H-15 FL AMSTERDAM 1077 XV NL 98-0563995	INVESTMENTS	NL	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	5,131,467	68,810,114	81.3 %	Yes
(45) COMPOSITION CAPITAL EUROPE FUND CV WTC AMSTZUIDPLEIN 126TWR H-15 FL AMSTERDAM 1077 XV NL 98-0459793	INVESTMENTS	NL	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	-1,707,157	24,991,405	58.25 %	Yes
(46) COMPOSITION CAPITAL EUROPE II FEEDER CV WTC AMSTZUIDPLEIN 126TWR H-15 FL AMSTERDAM 1077 XV NL 98-0569903	INVESTMENTS	NL	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	-7,411,878	40,565,929	71.75 %	Yes
(47) COMPOSITION FEEDER GMBH BORSENSTRASSE 2-4 60313 FRANKFURT AM MAIN 60313 GM	INVESTMENTS	GM	COMPOSITION CAPITAL EUROPE FUND CV	C CORPORATION	-814,523	9,667,372	58.25 %	Yes
(48) COMTEL ASSETS CORP 433 E LAS CALINAS BL IRVING,TX75039 20-3239161	INVESTMENTS	DE	DENHAM COMMODITY PARTNERS FUND III LP	C CORPORATION	311,177	4,815,541	74.91 %	Yes
(49) COMTEL ASSETS INC 433 E LAS CALINAS BL IRVING,TX75039 20-3239269	INVESTMENTS	DE	DENHAM COMMODITY PARTNERS FUND III LP	C CORPORATION	6,316	137,970	65.95 %	Yes
(50) COOPERATIE CC ASIA KOREA FEEDER UA WTC AMSTZUIDPLEIN 126TWR H-15 FL AMSTERDAM 1077 XV NL	INVESTMENTS	NL	COMPOSITION CAPITAL ASIA FUND CV	C CORPORATION	552,634	8,672,311	58.98 %	Yes
(51) COPAYAPU SPA 2939AVE ISIDORA GOYEN11FL LAS CONDES,SANTIAGO CI 98-1112517	INVESTMENTS	CI	PALPANA LLC	C CORPORATION	0	4,750	100 %	Yes
(52) CSH PROGRAM REIT II INC 975 F ST NW 9TH FL WASHINGTON,DC20004 30-0783361	INVESTMENTS	DE	CORAL SENIOR HOUSING II LLC	C CORPORATION	-819,288	98,348,796	99.5 %	Yes
(53) CSH PROGRAM REIT III INC 975 F ST NW 9TH FL WASHINGTON,DC20004	INVESTMENTS	DE	CORAL SENIOR HOUSING III LLC	C CORPORATION	0	0	99.5 %	Yes
(54) CSH PROGRAM REIT INC 975 F ST NW 9TH FL WASHINGTON,DC20004 27-4280903	INVESTMENTS	DE	CORAL SENIOR HOUSING LLC	C CORPORATION	89,899,518	10,644,390	93.56 %	Yes
(55) CSH TRS HOLDING II LLC 975 F ST NW 9TH FL WASHINGTON,DC20004 45-4398250	INVESTMENTS	DE	CSH-STAR ESCONDIDO LLC	C CORPORATION	-268,929	61,480	88.89 %	Yes
(56) CSH TRS HOLDING III LLC 975 F ST NW 9TH FL WASHINGTON,DC20004 32-0410113	INVESTMENTS	DE	CSH PROGRAM REIT II INC	C CORPORATION	-30,845	557,801	99.5 %	Yes
(57) CSH TRS HOLDING IV LLC 975 F ST NW 9TH FL WASHINGTON,DC20004	INVESTMENTS	DE	CSH PROGRAM REIT III INC	C CORPORATION	0	0	99.5 %	Yes
(58) CSH TRS HOLDING LP 975 F ST NW 9TH FL WASHINGTON,DC20004 27-4286092	INVESTMENTS	DE	CSH PROGRAM REIT INC	C CORPORATION	-2,021,072	1,482,230	93.56 %	Yes
(59) DAIRY FARMS PARTNERSHIP 113RUTHERFRD RDPK E PO553 PUKEKOHE NZ 98-0594944	INVESTMENTS	NZ	DF1 LTD	C CORPORATION	13,456,510	88,700,394	100 %	Yes
(60) DG PARTICIPANTS LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY1-1104 CJ 98-1167777	INVESTMENTS	CJ	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	C CORPORATION	142,890,900	142,891,000	100 %	Yes
(61) EAE ATLANTIC I INC 1065 AVE OF THE AMERICAS 31 FL NEW YORK,NY10024 90-0892631	INVESTMENTS	DE	EAE ATLANTIC LLC	C CORPORATION	-2,304,940	227,017,846	90.9 %	Yes
(62) EAE ATLANTIC II INC 1065 AVE OF THE AMERICAS 31 FL NEW YORK,NY10024 80-0954229	INVESTMENTS	DE	EAE ATLANTIC LLC	C CORPORATION	-747,963	123,036,002	90.9 %	Yes
(63) EASTERN ROSELLA TRUST 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-1131698	AGRICULTURE	AS	GREEN ROSELLA TRUST	C CORPORATION	0	6,592	100 %	Yes
(64) ECO CEBACO SA 52 Y ELVIRA MENDEZ POB 0816-06805 PM	INVESTMENTS	PM	NICATECA INC	C CORPORATION	-65,859	19,918,668	100 %	Yes
(65) ECONOMIZA AGROPECUARIA LTDA ESTADA GERAL COND BOA ESP SN GRANDE DO RIBEIRO,PIAUI BR	INVESTMENTS	BR	IPE AGROINDUSTRIAL LTDA	C CORPORATION	0	1,747,849	95.76 %	Yes
(66) ECUADOR TIMBER LP PO BOX 309 UGLAND HOUSE GRAND CAYMANKY1-1104 CJ 98-0492706	INVESTMENTS	CJ	PHEMUS CORP	C CORPORATION	529,129	53,489,411	80 %	Yes
(67) EGRET INVESTMENTS LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY1-1104 CJ 98-0650989	INVESTMENTS	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	0	0	100 %	Yes
(68) EL MARIA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	-202	750,783	100 %	Yes
(69) EMBARCADERO CAPITAL INVESTORS II REIT INC 1301 SHOREWAY RD STE 250 BELMONT,CA94002 37-1508503	INVESTMENTS	MD	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	3,222,319	94,838,020	50.62 %	Yes
(70) EMERALD CATASTROPHE FUND LTD STE 193 48 PAR-LA-VILLE RD HAMILTON HM 11 BD	INVESTMENTS	BD	BLUE MARBLE HOLDINGS CORP	C CORPORATION	8,611,343	135,464,572	100 %	Yes
(71) EMERGING COUNTRIES OPPORTUNITY FUND LTD 68 FORT ST PO BOX 705GT GRAND CAYMANKY1-1107 CJ	INVESTMENTS	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	0	0	98 %	Yes
(72) EMPRESA ECOLOGICA DEL ORINOCO SAS CRA 9 NO 77 - 67 OFC 804 BOGOTA D.C CO	INVESTMENTS	CO	TOUCANET SA	C CORPORATION	-68,822	4,784,479	100 %	Yes
(73) EMPRESAS VERDES ARGENTINA SA CARLOS PELLEGRINI 1138 PISO 1 CORRIENTES W3400BAT AR	INVESTMENTS	AR	PINO LLC	C CORPORATION	-10,398,913	20,311,011	100 %	Yes
(74) ENKI HOLDINGS CORP WALKER HSE MARY ST POB908GT GEORGE TOWN,GRAND CAYMANKY1-1104 CJ 98-0540586	INVESTMENTS	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	-2,708	0	100 %	Yes
(75) ESTANCIA CELINA SA SUIPACHA 1111 - PISO 18 BUENOS AIRES C1008AAW AR	INVESTMENTS	AR	LAS MISIONES SA	C CORPORATION	-529,880	2,646,587	100 %	Yes
(76) FLAMENCO SPA 2939 AVE ISIDORA GOYEN11 FL LAS CONDES,SANTIAGO CI 98-1120387	INVESTMENTS	CI	COPAYAPU SPA	C CORPORATION	0	4,750	100 %	Yes
(77) FLORESTAS DO SUL AGROFLORESTAL LTDA RUA TAQUARY 335 DRISTAL PORTO ALEGRE CEP 90810 BR 98-0493906	INVESTMENTS	BR	PHEMUS CORP	C CORPORATION	-485,958	105,517,817	100 %	Yes
(78) FORESTAL BOSQUEPALM CIA LTDA AVE PATRIA E4-41 Y AVE AMFL5OFC5 QUITO EC	INVESTMENTS	EC	ECUADOR TIMBER LP	C CORPORATION	1,090,206	26,257,743	79.79 %	Yes
(79) FORESTAL DEL RIO SA SUIPACHA 1111 - PISO 18 BUENOS AIRES C1008AAW AR	INVESTMENTS	AR	PINO LLC	C CORPORATION	0	0	100 %	Yes
(80) FORESTAL FORESVERGAL CIA LTDA AVE PATRIA E4-41 Y AVE AMFL5OFC5 QUITO EC	INVESTMENTS	EC	ECUADOR TIMBER LP	C CORPORATION	1,045,641	28,270,374	79.79 %	Yes
(81) FORTALEZA AGROINDUSTRIAL LTDA FAZENDA FORTALEZASN-ZON RUR SANTA FILOMENA,PIAUI BR	INVESTMENTS	BR	INSOLO AGROINDUSTRIAL	C CORPORATION	-18,187	12,808,522	95.76 %	Yes
(82) FRANCOLIN PO BOX 309 UGLAND HOUSE GRAND CAYMANKY1-1104 CJ 98-1006384	INVESTMENTS	CJ	SHIPPING VENTURE CORP	C CORPORATION	-9,161,641	129,708,828	100 %	Yes
(83) GALILEIA AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	INSOLO AGROINDUSTRIAL SA	C CORPORATION	-4,218,691	57,349,213	95.76 %	Yes
(84) GATEWAY REAL ESTATE FUND III - TE LP 22ND FL 1 LYNDHURST TOWER HONG KONG KY1-1111 CH 98-0669480	INVESTMENTS	CH	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	5,503,214	49,669,696	64.93 %	Yes
(85) GAVEA INVESTMENT FUND II B LP PO986GARD CRT STE 3307 45 MKT ST CAMANA BAY,GRAND CAYMANKY1-1103 CJ 98-0537951	TRADING	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	-11,548,000	48,058,000	100 %	Yes
(86) GAVEA JUS BG 1 - FEEDER LP PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ 98-1018586	INVESTMENTS	CJ	ITAY LLC	C CORPORATION	-85,502	8,957,443	100 %	Yes
(87) GAVEA JUS BRAZILIAN GOVERNMENT LIABILITIES FUND II-B LP POB 896GT GARD CRTS330745 MKT ST CAMANA BAY KY1-1103 CJ 98-0702067	INVESTMENTS	CJ	ITAY LLC	C CORPORATION	-2,341,391	12,254,879	58.63 %	Yes
(88) GBE DEVELOPMENT I LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-3,484	6,390,825	98.7 %	Yes
(89) GBE DEVELOPMENT II LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-4,494	296,100	98.7 %	Yes
(90) GBE DEVELOPMENT III LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-2,768	246,750	98.7 %	Yes
(91) GBE DEVELOPMENT IV LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-2,768	3,784,158	98.7 %	Yes
(92) GBE DEVELOPMENT V LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-53,964	47,405,099	98.7 %	Yes
(93) GBE DEVELOPMENT VI LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-2,768	0	98.7 %	Yes
(94) GBE FAZENDAS LTD AV DAS AMERICAS700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	GBE PROPERTIES II LTD	C CORPORATION	33,084	5,843,279	98.7 %	Yes
(95) GBE HOLDINGS LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-425,756	45,666	98.7 %	Yes
(96) GBE INVESTMENTS LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LP	C CORPORATION	-7,587	172,248,597	98.7 %	Yes
(97) GBE PROJETOS AGRICOLAS II LTDA AV DAS AMERICAS700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	GBE DEVELOPMENT II LTD	C CORPORATION	-114,941	152,583	98.7 %	Yes
(98) GBE PROJETOS AGRICOLAS VII LTDA RUA DO FORUM SN SALA B CENTRO,GUADALUPECEP 64840 BR	INVESTMENTS	BR	GBE DEVELOPMENT II LTD	C CORPORATION	-717	0	98.7 %	Yes
(99) GBE PROPERTIES I LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-2,768	7,264,320	98.7 %	Yes
(100) GBE PROPERTIES II LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-5,184	6,525,057	98.7 %	Yes
(101) GBE PROPERTIES III LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-2,768	1,579,200	98.7 %	Yes
(102) GBE PROPERTIES IV LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-2,768	10,288,488	98.7 %	Yes
(103) GBE PROPERTIES V LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-2,768	9,573,900	98.7 %	Yes
(104) GBE PROPERTIES VI LTD PO 309GTUGLAND HSES CHU ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-2,768	0	98.7 %	Yes
(105) GBE PROPRIEDADES E EMPREENDIMENTOS IMOBILIARIOS BAHIA LTDA AV DAS AMERICAS700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	TERRACAL PROPRIEDADES LTDA	C CORPORATION	-8,098	5,700,765	98.7 %	Yes
(106) GBE PROPRIEDADES E EMPREENDIMENTOS IMOBILIARIOS PIAUI LTDA AV DAS AMERICAS700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	TERRACAL PROPRIEDADES LTDA	C CORPORATION	-237	7,411,850	98.7 %	Yes
(107) GBE PROPRIEDADES E EMPREENDIMENTOS IMOBILIARIOS TOCANTINS LTDA AV DAS AMERICAS700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	TERRACAL PROPRIEDADES LTDA	C CORPORATION	-6,531	21,451,599	98.7 %	Yes
(108) GBE PROPRIEDADES E EMPREENDIMENTOS IMOBILIARIOS VII LTDA RUA DO FORUM SN SALA B CENTRO,GUADALUPECEP 64840 BR	INVESTMENTS	BR	TERRACAL PROPRIEDADES LTDA	C CORPORATION	-418	210	98.7 %	Yes
(109) GBE PROPRIEDADES E EMPREENDIMENTOS MINAS GERAIS LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	TERRACAL PROPRIEDADES LTDA	C CORPORATION	21,355	16,588,423	98.7 %	Yes
(110) GERRITY ATLANTIC RETAIL PARTNERS II INC 977 LOMAS SANTA FE DR STE A SOLANA BEACH,CA92075 46-4417545	INVESTMENTS	DE	GERRITY ATLANTIC RETAIL PARTNERS LLC	C CORPORATION	0	0	98.01 %	Yes
(111) GERRITY ATLANTIC RETAIL PARTNERS INC 977 LOMAS SANTA FE DR STE A SOLANA BEACH,CA92075 27-4802513	INVESTMENTS	DE	GERRITY ATLANTIC RETAIL PARTNERS LLC	C CORPORATION	6,198,661	346,315,047	98.01 %	Yes
(112) GRANARY INVESTMENTS IFS COURT TWENTY EIGHT CYBERCITY,EBENE MP 98-0607880	INVESTMENTS	MP	DEMETER HOLDINGS CORP	C CORPORATION	1,279,728	61,216,211	100 %	Yes
(113) GREEN ROSELLA TRUST 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-1126908	AGRICULTURE	AS	ROSELLA LTD	C CORPORATION	-207,043	41,134,575	100 %	Yes
(114) GREENGOLD AGRIROM SRL 24 CONST NOICA ST RM 2 SIBIU CTY RO 98-1091760	INVESTMENTS	RO	GREENGOLD EUROPEAN CAPITAL SA	C CORPORATION	10,933	5,989,346	100 %	Yes
(115) GREENGOLD EUROPEAN CAPITAL SA 5 RUE GUILLAUME KROLL L-1882 LU 98-1091994	INVESTMENTS	LU	BELLFLOWER LLC	C CORPORATION	-159,516	13,261,994	100 %	Yes
(116) GREENGOLD VALUE FORESTS LITHUANIA UAB JOGAILOS G 9 VILNIUS LT-01116 LH 98-1117259	INVESTMENTS	LH	GREENGOLD EUROPEAN CAPITAL SA	C CORPORATION	-357,567	3,064,338	100 %	Yes
(117) GREENGOLD VALUE FORESTS SRL 24 CONST NOICA STRM 2 SIBIU CTY RO	INVESTMENTS	RO	GREENGOLD EUROPEAN CAPITAL SA	C CORPORATION	73,651	5,677,316	100 %	Yes
(118) GUANARE AARL JUNCAL 1327 FL 21 MONTEVIDEO 11000 UY 98-0641951	INVESTMENTS	UY	PHEMUS CORP	C CORPORATION	10,970,837	107,413,668	100 %	Yes
(119) GUANARE SA JUNCAL 1327 FL 21 MONTEVIDEO 11000 UY	INVESTMENTS	UY	PHEMUS CORP	C CORPORATION	44,685,717	283,233,260	100 %	Yes
(120) GULF ATLANTIC OPERATIONS LLC 200 CLARENDON ST BOSTON,MA02116 20-2386722	INVESTMENTS	TX	DENHAM COMMODITY PARTNERS FUND III LP	C CORPORATION	-90,722	0	74.91 %	Yes
(121) HARVARD ARASTIRMA VE EGITIM MERKEZI ISTANBUL LIMITED SIRKETI 3 185 BUYUKDERE CADLEVENT BESIKTAS INSTANBUL 34394 TU	RESEARCH SUPPORT/EVENT SUPPORT	TU	HARVARD INTERNATIONAL LLC	C CORPORATION	9,206	210,506	100 %	Yes
(122) HARVARD BUSINESS SCHOOL PUBLISHING ASIA PACIFIC LTD 80 RAFFLES PL 25-01 UOB PLAZA SN	SALES SUPPORT	SN	HARVARD BUSINESS SCHOOL PUBLISHING CORP	C CORPORATION	812,251	235,927	100 %	Yes
(123) HARVARD BUSINESS SCHOOL PUBLISHING EUROPE LTD 23 SICILIAN AVE LONDON UK	SALES SUPPORT	UK	HARVARD BUSINESS SCHOOL PUBLISHING CORP	C CORPORATION	4,074,848	1,399,762	100 %	Yes
(124) HARVARD BUSINESS SCHOOL PUBLISHING FRANCE 23 RUE DU ROULE PARIS FR	SALES SUPPORT	FR	HARVARD BUSINESS SCHOOL PUBLISHING CORP	C CORPORATION	627,001	268,960	100 %	Yes
(125) HARVARD BUSINESS SCHOOL PUBLISHING INDIA PRIVATE LTD UNIT 423 GRAND HYATT MUMBAI MUMBAI IN	PUBLISHING SUPPORT	IN	HARVARD BUSINESS SCHOOL PUBLISHING CORP	C CORPORATION	2,442,124	1,107,915	100 %	Yes
(126) HARVARD CENTER SHANGHAI CO LTD 5TH FL INTL FIN CTR 8 CENT AVE SHANGHAI 200120 CH	RESEARCH SUPPORT/LOGISTICAL SUPPORT FOR EVENTS	CH	HARVARD INTERNATIONAL LLC	C CORPORATION	291,775	5,037,852	100 %	Yes
(127) HARVARD MANAGEMENT COMPANY ADVISOR LTD 21 FLEDINBURGH TWR15 QNS RD CTRL HK 98-1069444	INVESTMENTS	HK	HARVARD MANAGEMENT COMPANY INC	C CORPORATION	0	0	100 %	Yes
(128) HARVARD MASTER TRUST 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 04-2636388	INVESTMENTS	MA	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	TRUST	61,307,955	828,584,386	100 %	Yes
(129) HARVARD PRIVATE CAPITAL PROPERTIES II INC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 04-3140558	INVESTMENTS	DE	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	60,480	423,080	100 %	Yes
(130) HARVARD PRIVATE CAPITAL PROPERTIES III INC HMC INC 600 ATLANTIC AVE BOSTON,MA02110 76-0254935	INVESTMENTS	DE	PHEMUS CORP	C CORPORATION	0	50	100 %	Yes
(131) HARVARD REAL ESTATE CV INC 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 61-1627962	REAL ESTATE	MA	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	C CORPORATION	0	0	100 %	Yes
(132) HARVARD UNIVERSITY PRESS OF NEW YORK HU PRESS 79 GARDEN ST CAMBRIDGE,MA02138 13-3784301	PUBLISHING	NY	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	C CORPORATION	0	0	100 %	Yes
(133) HARVARD UNIVERSITY PRESS LTD VERNON HOUSE 23 SICILIAN AVE LONDON UK	BOOK DISTRIBUTION	UK	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	C CORPORATION	5,094,489	3,799,325	100 %	Yes
(134) HB CAYMAN A LTD PO BOX 309 GT GRAND CAYMAN CJ	INVESTMENTS	CJ	HB INSTITUTIONAL LP	C CORPORATION	32,449,571	0	99.77 %	Yes
(135) HB CAYMAN LTD PO BOX 309 GT GRAND CAYMAN CJ	INVESTMENTS	CJ	HB INSTITUTIONAL LP	C CORPORATION	-26,087,559	133,355,871	99.77 %	Yes
(136) HMC ADAGE MANAGER INC HMC INC 600 ATLANTIC AVE BOSTON,MA02110 04-3567988	INVESTMENTS	DE	PHEMUS CORP	C CORPORATION	-1,197	0	100 %	Yes
(137) HOUND PARTNERS LONG FUND LTD 89 NEXUS WAY CAMANA BAY KY1-9007 CJ	INVESTMENTS	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	0	109,406,189	65 %	Yes
(138) HPC PATRON SCOTLAND LP 50 LOTHIAN RD FESTIVAL SQUARE EDINBURGH EH3 9BY UK 98-0438748	INVESTMENTS	UK	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	-59,098,659	187,457,128	100 %	Yes
(139) INDIA CAPITAL OPPORTUNITIES 1 LTD IFS COURT TWENTY EIGHT CYBERCITY EBENE MP	INVESTMENTS	MP	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	55,580	0	58.8 %	Yes
(140) INSOLO AGROINDUSTRIAL SA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	IPA	C CORPORATION	-8,993,732	191,993,591	95.76 %	Yes
(141) INVERSIONES CATIVAL SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	-154	285,956	100 %	Yes
(142) INVERSIONES HEFEI SAC LAS BEGONIAS 475 6TH FL SAN ISIDORO,LIMA PE 98-1111292	INVESTMENTS	PE	MASDEVALLIA LTD	C CORPORATION	344,634	8,660,981	100 %	Yes
(143) INVERSIONES LEFKADA SAC LAS BEGONIAS 475 6TH FL SAN ISIDORO,LIMA PE 98-1110859	INVESTMENTS	PE	SOBRALIA LTD	C CORPORATION	398,232	8,180,730	100 %	Yes
(144) INVERSIONES MOSQUETA SAC LAS BEGONIAS 475 6TH FL SAN ISIDORO,LIMA PE 98-1110734	INVESTMENTS	PE	MASDEVALLIA LTD	C CORPORATION	345,463	8,663,206	100 %	Yes
(145) INVERSIONES PIRONA SAC LAS BEGONIAS 475 6TH FL SAN ISIDORO,LIMA PE 98-1111636	INVESTMENTS	PE	STELIS LTD	C CORPORATION	2,949,235	8,180,139	100 %	Yes
(146) INVERSIONES SANTA RITA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	-738	1,406,345	100 %	Yes
(147) INVERSIONES TRES CUMBRES LTDA ROGER DE FLOR 2736 DP 8 COMUNA LAS CONDES,SANTIAGO CI 98-0446986	INVESTMENTS	CI	PHEMUS CORP	C CORPORATION	-2,307,378	21,002,976	100 %	Yes
(148) IPE AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	INSOLO AGROINDUSTRIAL SA	C CORPORATION	-704,888	161,115,330	95.76 %	Yes
(149) ISLA VISTA FOOD SERVICES LLC 111 EAST WAYNE ST STE 500 FORT WAYNE,IN46802 27-3070185	INVESTMENTS	DE	ISLA VISTA INVESTORS INC	C CORPORATION	119,996	259,976	70 %	Yes
(150) ISLA VISTA INVESTORS INC 111 EAST WAYNE ST STE 500 FORT WAYNE,IN46802 27-3070148	INVESTMENTS	MD	ISLA VISTA ACQUISITION GROUP LLC	C CORPORATION	2,579,874	72,539,279	70 %	Yes
(151) JACANA PROPERTIES SA PH PLAZA 2000 BLDG 50TH ST REPUBLIC OF PANAMA PM	INVESTMENTS	PM	PHEMUS CORP	C CORPORATION	0	466	100 %	Yes
(152) JUNCO PROPERTIES SA PH PLAZA 2000 BLDG 50TH ST REPUBLIC OF PANAMA PM	INVESTMENTS	PM	PHEMUS CORP	C CORPORATION	0	235,055	100 %	Yes
(153) LA JACARANDA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	-215	84,584	100 %	Yes
(154) LA MORA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	-390	837,831	100 %	Yes
(155) LA ZARZA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	-7,962	3,379,197	100 %	Yes
(156) LABELLE SP PARTICIPACOES LTDA RUA DO FORUM SN SALA B CENTRO,GUADALUPECEP 64840 BR	INVESTMENTS	BR	TERRACAL ALIMENTOS E BIOENERGIA LTDA	C CORPORATION	-360	119	98.7 %	Yes
(157) LAS ACACIAS SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	-228	61,525	100 %	Yes
(158) LAS MISIONES SA SUIPACHA 1111 - PISO 18 BUENOS AIRES C1008AAW AR	INVESTMENTS	AR	BT2 CO LLC	C CORPORATION	-9,350,089	18,866,180	100 %	Yes
(159) LASALLE ASIA OPPORTUNITY CAYMAN I LTD WALKER HOUSE 87 MARY ST GEORGE TOWN,GRAND CAYMAN CJ 98-0447511	INVESTMENTS	CJ	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	7,167,180	24,630,347	100 %	Yes
(160) LIFETIME CENTRECOURT GRENVILLE LP 22 ST CLAIR AVE EAST STE 1010 TORONTO,ONTARIOM4T 2S3 CA 98-0684331	INVESTMENTS	CA	ATLANTIC TORONTO HOLDINGS INC	C CORPORATION	-81,098	30,542,543	52.62 %	Yes
(161) LINDENE LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY1-1104 CJ	INVESTMENTS	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	9,736,272	87,619,829	100 %	Yes
(162) LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) II LP 199 E LINDA MESA AVE 10 DANVILLE,CA94526	INVESTMENTS	JE	LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LP	C CORPORATION	-27,476	519,070	100 %	Yes
(163) LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LTD 199 E LINDA MESA AVE 10 DANVILLE,CA94526	INVESTMENTS	JE	LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LP	C CORPORATION	1,397,947	11,992,598	100 %	Yes
(164) LONGFELLOW ATLANTIC REIT INC LONGFELLOW RL EST PRT260 FRNKLN ST BOSTON,MA02110	INVESTMENTS	DE	LONGFELLOW ATLANTIC HOLDINGS LLC	C CORPORATION	0	0	99 %	Yes
(165) LONGTERM FOREST PARTNERS CIA LTDA AVE PATRIA E4-41 Y AVE AMFL5OFC5 QUITO EC	INVESTMENTS	EC	ECUADOR TIMBER LP	C CORPORATION	506,987	29,272,685	79.79 %	Yes
(166) LOS ARRAYANES SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	-456	1,343	100 %	Yes
(167) LOS LAURELES SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	-2,714	487,380	100 %	Yes
(168) MAGUARI LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ 98-1097957	INVESTMENTS	CJ	MASDEVALLIA LTD	C CORPORATION	-12,323	13,700	100 %	Yes
(169) MASDEVALLIA LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ 98-1083311	INVESTMENTS	CJ	PHEMUS CORP	C CORPORATION	-20,459	18,553,637	100 %	Yes
(170) MCRB REAL ESTATE INVESTMENT TRUST INC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 46-1195422	INVESTMENTS	DE	MCRB LLC	C CORPORATION	4,035,334	165,770,621	74.79 %	Yes
(171) MCRB TENANT HOLDCO LLC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 46-1195591	INVESTMENTS	DE	MCRB REAL ESTATE INVESTMENT TRUST INC	C CORPORATION	903,228	3,337,128	74.79 %	Yes
(172) MCRS REAL ESTATE INVESTMENT TRUST INC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 27-3605599	INVESTMENTS	MD	MCRS LLC	C CORPORATION	3,821,066	160,815,029	85.9 %	Yes
(173) MCRS TENANT HOLDCO LLC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 27-3869467	INVESTMENTS	DE	MCRS REAL ESTATE INVESTMENT TRUST INC	C CORPORATION	-808,977	5,090,464	85.9 %	Yes
(174) MDH ATLANTIC REIT INC 3715 NSIDE PKWYNW BLDG 400S240 ATLANTA,GA30327	INVESTMENTS	DE	MDH ATLANTIC HOLDINGS LLC	C CORPORATION	0	0	96.67 %	Yes
(175) MIRABILIS SA CALLE LAS BEGONIAS 475 DPTO 702 SAN ISIDORO,LIMA PE	INVESTMENTS	PE	PARFEN SA	C CORPORATION	-859,507	2,180,985	99.99 %	Yes
(176) NAZARE AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	INSOLO AGROINDUSTRIAL SA	C CORPORATION	-1,871,236	27,053,508	95.76 %	Yes
(177) NCH AGRIBUSINESS INVESTORS CORP UGLAND HOUSE S CHURCH ST POB309 GEORGE TOWN,GRAND CAYMANKY1-1104 CJ 98-0559097	INVESTMENTS	CJ	HARVARD PRIVATE CAPITAL REALTY INC	C CORPORATION	-10,599,334	370,549,445	59.11 %	Yes
(178) NEW VERNON INDIA (CAYMAN) FUND LP 2330 PLAZA FIVE JERSEY CITY,NJ07311 20-1577934	INVESTMENTS	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	120,800	77,169,471	99.99 %	Yes
(179) NGL HOLDINGS INC 200 CLARENDON ST BOSTON,MA02116 33-1101243	INVESTMENTS	DE	DENHAM COMMODITY PARTNERS FUND II LP	C CORPORATION	113,367,173	45,576,450	89.34 %	Yes
(180) NICA TECA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	-4,207	2,383,442	100 %	Yes
(181) NICARAO I LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ 98-0643167	INVESTMENTS	CJ	NICARAO LTD	C CORPORATION	0	963,393	100 %	Yes
(182) NICARAO II LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ 98-0643169	INVESTMENTS	CJ	NICARAO LTD	C CORPORATION	0	963,393	100 %	Yes
(183) NICARAO LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ 98-0643164	INVESTMENTS	CJ	NICATECA INC	C CORPORATION	0	46,242,845	100 %	Yes
(184) NICATECA INC WALKER HOUSE 87 MARY ST GEORGE TOWN,GRAND CAYMAN CJ 98-0520487	INVESTMENTS	CJ	PHEMUS CORP	C CORPORATION	9,550,606	48,169,631	100 %	Yes
(185) OLD LANE HMAFF LP POB 309 UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ 98-0487312	INVESTMENTS	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	120,812	0	100 %	Yes
(186) OPERA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	-718,312	12,219,847	100 %	Yes
(187) PARFEN SA JUNCAL 1305 FL 21 MONTEVIDEO UY	INVESTMENTS	UY	AZARA LLC	C CORPORATION	-1,217,286	80,567,678	100 %	Yes
(188) PATRIOT INTEREST HOLDINGS INC 200 CLARENDON ST BOSTON,MA02116 01-0938844	INVESTMENTS	DE	NGL HOLDINGS INC	C CORPORATION	33,789	0	89.34 %	Yes
(189) PEARL RETAIL INC PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY1-1104 CJ 98-1048757	INVESTMENTS	CJ	PEARL RETAIL LLC	C CORPORATION	34,807,665	151,532,925	100 %	Yes
(190) PERMIAN MIDSTREAM CORP 200 CLARENDON ST BOSTON,MA02116 01-0938834	INVESTMENTS	TX	PATRIOT INTEREST HOLDINGS INC	C CORPORATION	0	0	89.34 %	Yes
(191) PINARES AARL JUNCAL 1327 FL 21 MONTEVIDEO 11000 UY 98-0641950	INVESTMENTS	UY	PHEMUS CORP	C CORPORATION	-200,238	8,983,232	100 %	Yes
(192) POLARIS WINES INC 855 BORDEAUX WAY STE 260A NAPA,CA94658 45-4112381	INVESTMENTS	DE	PHEMUS CORP	C CORPORATION	0	0	72 %	Yes
(193) POOLED INCOME FUNDS (4)	CHARITABLE TRUST	MA	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	TRUST				Yes
(194) PRADARIA AGROFLORESTAL LTDA AVE ALFONSO PENA 3504 RM 73 CTR CAMPO GRANDE,MSCEP 79002 BR 98-0642732	INVESTMENTS	BR	GLOBAL FOREST INVESTMENTS LLC	C CORPORATION	165,194	118,248,045	100 %	Yes
(195) PROMONTORIA HOLDING MAP BV OUDE UTRECHTSEWEG 32 BAARN 3743 KN NL 36-4762301	INVESTMENTS	NL	CERBERUS MA PARTNERS LP	C CORPORATION	-887	823,308	98.5 %	Yes
(196) PSI ATLANTIC REIT INC 530 OAK COURT DR STE 185 MEMPHIS,TN38117	INVESTMENTS	DE	PSI ATLANTIC HOLDINGS LLC	C CORPORATION	0	0	98.67 %	Yes
(197) PSI ATLANTIC TRS LLC 530 OAK COURT DR STE 185 MEMPHIS,TN38117	INVESTMENTS	DE	PSI ATLANTIC REIT INC	C CORPORATION	0	0	98.67 %	Yes
(198) PULAR SPA 2939 AVE ISIDORA GOYENECHEA11 FL LAS CONDES,SANTIAGO CI	INVESTMENTS	CI	COPAYAPU SPA	C CORPORATION	0	0	100 %	Yes
(199) QUETZAL BLUE SA CALLE 52Y ELVIRA MENDEZ PANAMAN PM	INVESTMENTS	PM	PHEMUS CORP	C CORPORATION	0	203,660	100 %	Yes
(200) REPRESA PROPERTIES LTD POB 309GT UGLAND HSE S CHURCH ST GEORGE TOWN CJ	INVESTMENTS	CJ	GBE INVESTMENTS LTD	C CORPORATION	-7,043	76,493,095	98.7 %	Yes
(201) RIO MIRA PARTICIPACOES LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	TERRACAL PROPRIEDADES LTDA	C CORPORATION	-5,109	32,203,835	98.7 %	Yes
(202) ROARING FORK INVESTMENT TRUST 250 YONGE ST STE 4200 TORONTO,ONTARIOM5B 2M6 CA 98-0458290	INVESTMENTS	CA	ALCION REAL ESTATE PARTNERS LP	C CORPORATION	-2,403,401	20,928,576	93.93 %	Yes
(203) ROMPLY MEROPS SRL 28-CC-TIN BUDISTEANUI ST3FLRM15 BUCHAREST RO 98-0646095	INVESTMENTS	RO	PHEMUS CORP	C CORPORATION	-3,495,593	9,627,933	99.99 %	Yes
(204) ROSELLA HOLD TC PTY LTD 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-1126654	AGRICULTURE	AS	BLUE MARBLE HOLDINGS CORP	C CORPORATION	0	0	100 %	Yes
(205) ROSELLA SUB TC PTY LTD 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-1126678	AGRICULTURE	AS	ROSELLA HOLD TC PTY LTD	C CORPORATION	0	0	100 %	Yes
(206) ROSELLA LTD PO BOX 309 UGLAND HOUSE KY1-1104 CJ 98-1120479	AGRICULTURE	CJ	BLUE MARBLE HOLDINGS CORP	C CORPORATION	1,952,508	42,480,448	100 %	Yes
(207) ROUND TABLE INTEREST RATE FUND LTD 2ND FLR REGATTA OF PRK W BAY RD KY1-1205 CJ	INVESTMENTS	CJ	BLUE MARBLE HOLDINGS CORP	C CORPORATION	19,659,152	87,699,253	69.43 %	Yes
(208) RUBY ATLANTIC AJCP PROGRAM TRS LLC 621 WEST RANDOLPH ST STE 4 CHICAGO,IL60661	INVESTMENTS	DE	RUBY ATLANTIC AJCP HOLDINGS LLC	C CORPORATION	0	0	71.37 %	Yes
(209) RUBY ATLANTIC REIT INC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-4632061	INVESTMENTS	DE	ATLANTIC US REAL ESTATE LLC	C CORPORATION	0	0	100 %	Yes
(210) SANTA FILOMENA AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	IPE AGROINDUSTRIAL LTDA	C CORPORATION	-238,829	0	95.76 %	Yes
(211) SCOLOPAX SRL BRASOV 8 VICT ST B1 42 BIS APT 1 BRASOV COUNTY RO	INVESTMENTS	RO	PHEMUS CORP	C CORPORATION	-2,751,556	97,455,879	100 %	Yes
(212) SCOUT CAPITAL LONG TERM LTD 89 NEXUS WAY GEORGE TOWN,GRAND CAYMANKY1-9007 CJ	INVESTMENTS	CJ	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	25,517,363	131,048,014	63 %	Yes
(213) SERRA GRANDE AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	INSOLO AGROINDUSTRIAL SA	C CORPORATION	-479,474	18,166,392	95.76 %	Yes
(214) SIA EMPETRUM KULDIGAS RAJONS KURMALES PAGASTS PRIEDAINE BRALI 3301 LG 98-0648693	INVESTMENTS	LG	PHEMUS CORP	C CORPORATION	-71,727	20,606,339	100 %	Yes
(215) SOBRALIA LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ 98-1084076	INVESTMENTS	CJ	PHEMUS CORP	C CORPORATION	-3,861	8,572,173	100 %	Yes
(216) SOCIEDAD EXPLOTADORA AGRICOLA SPA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI 98-0632838	INVESTMENTS	CI	CLAG (CHILE) SPA	C CORPORATION	-1,240,884	29,464,248	100 %	Yes
(217) SORA LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ 98-1098256	INVESTMENTS	CJ	STELIS LTD	C CORPORATION	-10,072	6,850	100 %	Yes
(218) SOROTIVO AGROPECUARIA LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	IPE AGROINDUSTRIAL LTDA	C CORPORATION	0	3,700,835	95.76 %	Yes
(219) STELIS LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ 98-1083800	INVESTMENTS	CJ	PHEMUS CORP	C CORPORATION	-3,877	8,571,181	100 %	Yes
(220) SUSTAINABLE TEAK PARTCIPACOES LTDA AVE GVRN P DE ARRUDA 10545 ARPRT VAREZEA GRANDE,MATO GROSSO78110-971 BR 98-0639215	INVESTMENTS	BR	BRAZIL TEAK LLC	C CORPORATION	20,370,580	267,654,845	100 %	Yes
(221) SUSTAINABLE TIMBERS SA AVE JUSTO AROSEMANA AND 32 ST E CORREGIMIENTO DE CALIDONIA PM	INVESTMENTS	PM	PHEMUS CORP	C CORPORATION	-45,618	30,262,506	100 %	Yes
(222) TACORA SPA 2939 AVE ISIDORA GOYENECHEA11 FL LAS CONDES,SANTIAGO CI	INVESTMENTS	CI	COPAYAPU SPA	C CORPORATION	0	0	100 %	Yes
(223) TAGUA SPA 2939 AVE ISIDORA GOYENECHEA11 FL LAS CONDES,SANTIAGO CI 98-1120143	INVESTMENTS	CI	COPAYAPU SPA	C CORPORATION	0	4,750	100 %	Yes
(224) TDR SCOTLAND LP ONE STANHOPE GATE LONDON W1K 1AF UK 98-0471766	INVESTMENTS	UK	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	6,692,001	178,342	75.08 %	Yes
(225) TERENA SA JUNCAL 1327 FL 21 MONTEVIDEO 11000 UY	INVESTMENTS	UY	PHEMUS CORP	C CORPORATION	-680,305	41,655,466	100 %	Yes
(226) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE BAHIA LTDA FAZENDA BOQUEIRAO SN ZONA RURAL,BARRACEP 47100 BR	INVESTMENTS	BR	TERRACAL ALIMENTOS E BIOENERGIA LTDA	C CORPORATION	-292,536	555,532	98.7 %	Yes
(227) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE MARANHAO LTDA FAZENDA SANTO ANTONIO DA MANGA SN ZONA RURAL,MARANHAOCEP 65660 BR	INVESTMENTS	BR	TERRACAL ALIMENTOS E BIOENERGIA LTDA	C CORPORATION	-43,603	88,311	98.7 %	Yes
(228) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE MINAS GERAIS LTDA FAZENDA FLEXAS SN ZONA RURAL,MINAS GERAISCEP 39290 BR	INVESTMENTS	BR	TERRACAL ALIMENTOS E BIOENERGIA LTDA	C CORPORATION	-1,783,363	4,823,565	98.7 %	Yes
(229) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE PIAUI LTDA FAZENDA OITEIROS SN ZONA RURAL,GUADALUPECEP 64840 BR	INVESTMENTS	BR	TERRACAL ALIMENTOS E BIOENERGIA LTDA	C CORPORATION	-2,768,622	3,950,524	98.7 %	Yes
(230) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE TOCANTINS LTDA FAZ ESPRODOVIA EST TO-373 KM 101 PEIXE CEP 77460 BR	INVESTMENTS	BR	TERRACAL ALIMENTOS E BIOENERGIA LTDA	C CORPORATION	-369,832	3,441,603	98.7 %	Yes
(231) TERRACAL ALIMENTOS E BIOENERGIA LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	GBE DEVELOPMENT V LTD	C CORPORATION	-12,918,814	15,015,890	98.7 %	Yes
(232) TERRACAL PARTICIPACOES LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	REPRESA PROPERTIES LTD	C CORPORATION	-2,591	228	98.7 %	Yes
(233) TERRACAL PROPRIEDADES LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	REPRESA PROPERTIES LTD	C CORPORATION	-157,923	102,656,441	98.7 %	Yes
(234) THIRD WRANGLER LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY1-1104 CJ 98-1167470	INVESTMENTS	CJ	PRESIDENT AND FELLOWS OF HARVARD COLLEGE	C CORPORATION	5,813,505	83,719,631	100 %	Yes
(235) TINAMOU PO BOX 309 UGLAND HOUSE GRAND CAYMANKY1-1104 CJ 98-1014421	INVESTMENTS	CJ	FRANCOLIN	C CORPORATION	0	250,000	100 %	Yes
(236) TOUCANET SA PLAZA 2000 16TH FL 50TH ST REPUBLIC OF PANAMA PM	INVESTMENTS	PM	PHEMUS CORP	C CORPORATION	-239,409	3,426,000	100 %	Yes
(237) TROGON PROPERTIES SA PH PLAZA 2000 BLDG 50TH ST REPUBLIC OF PANAMA PM	INVESTMENTS	PM	PHEMUS CORP	C CORPORATION	0	3,394	100 %	Yes
(238) TUNUYAN SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NICARAO LTD	C CORPORATION	279	5,872,659	100 %	Yes
(239) UNITECA AGROFLORESTAL SA AVE GVRN P DE ARRUDA 10545 ARPRT VAREZEA GRANDE,MATO GROSSO78110-971 BR	INVESTMENTS	BR	SUSTAINABLE TEAK PARTCIPACOES LTDA	C CORPORATION	-22,503	53,754,086	88.89 %	Yes
(240) USRA ATLANTIC NET LEASE CAPITAL CORP 1370 AVE OF AMERICA NEW YORK,NY10019 45-2732642	INVESTMENTS	DE	USRA ATLANTIC CAPITAL PARTNERS LLC	C CORPORATION	3,980,387	150,089,927	71.93 %	Yes
(241) VALHOLL LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY1-1104 CJ 98-0668673	INVESTMENTS	CJ	PHEMUS CORP	C CORPORATION	27,927,615	166,407,552	100 %	Yes
(242) VERIWASTE LP 20-22 BEDFORD ROW LONDON WC1R 4JS UK 98-0656246	INVESTMENTS	UK	HARVARD MANAGEMENT PRIVATE EQUITY CORP	C CORPORATION	73,619	0	100 %	Yes
(243) VISTA VERDE AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	INSOLO AGROINDUSTRIAL SA	C CORPORATION	-2,622,765	26,154,566	95.76 %	Yes
(244) WESTERN ROSELLA TRUST 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-1126861	AGRICULTURE	AS	GREEN ROSELLA TRUST	C CORPORATION	-5,065,901	78,154,369	100 %	Yes

Schedule R (Form 990) 2013

Page 3

Part V

Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

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 or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .

Yes

b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .

Yes

o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

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 related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) AFRICA ACADEMY FOR PUBLIC HEALTH	R	338,319	CASH
(2) AMERICAN REPERTORY THEATRE COMPANY INC	B	2,619,766	CASH
(3) AMERICAN REPERTORY THEATRE COMPANY INC	D	2,418,987	CASH
(4) AMERICAN REPERTORY THEATRE COMPANY INC	J	700,768	COST
(5) AMERICAN REPERTORY THEATRE COMPANY INC	M	650,464	COST
(6) ASSOCIACAO DAVID ROCKEFELLER CENTER DE UNIVERSIDADE DE HARVARD	R	797,000	CASH
(7) BLUE MARBLE HOLDINGS CORP	R	89,899,333	CASH
(8) BLUE MARBLE HOLDINGS CORP	S	147,742,089	CASH
(9) BOTSWANA-HARVARD AIDS INSTITUTE	O	99,449	COST
(10) BOTSWANA-HARVARD AIDS INSTITUTE	R	6,358,063	CASH
(11) CENTRE RECHERCHE EUROPEEN DE LA HBS	B	1,612,685	CASH
(12) CENTRE RECHERCHE EUROPEEN DE LA HBS	O	64,524	COST
(13) CHENNAI 2007	R	66,009,659	CASH
(14) DEMETER HOLDINGS CORP	R	33,316,856	CASH
(15) DEMETER HOLDINGS CORP	S	33,608,707	CASH
(16) DG PARTICIPANTS LTD	R	142,891,000	CASH
(17) DOYUKAI FUND FOR HARVARD INC	C	80,000	CASH
(18) DUBAI HARVARD FOUNDATION FOR MEDICAL RESEARCH INC	C	544,400	CASH
(19) DUBAI HARVARD FOUNDATION FOR MEDICAL RESEARCH INC	N	15,460	COST
(20) DUBAI HARVARD FOUNDATION FOR MEDICAL RESEARCH INC	O	376,195	COST
(21) FUNDACION CENTRO DE INVESTIGACION DE LA ESCUELA DE ADMIN DE EMPRESA	B	401,500	CASH
(22) FUNDACION CENTRO DE INVESTIGACION DE LA ESCUELA DE ADMIN DE EMPRESA	D	30,000	CASH
(23) FUNDACION CENTRO DE INVESTIGACION DE LA ESCUELA DE ADMIN DE EMPRESA	O	112,795	COST
(24) FUNDACION DRCLAS CHILE	R	450,000	CASH
(25) GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC	C	3,154,000	CASH
(26) GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC	N	13,272	COST
(27) GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC	O	378,034	COST
(28) HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN C	A	887,220	CASH
(29) HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN C	D	491,890	CASH
(30) HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN C	R	6,800,000	CASH
(31) HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN C	S	4,240,001	CASH
(32) HARVARD ARASTIRMA VE EGITIM MERKEZI ISTANBUL LIMITED SIRKETI	B	84,047	CASH
(33) HARVARD ARASTIRMA VE EGITIM MERKEZI ISTANBUL LIMITED SIRKETI	M	622,531	COST
(34) HARVARD BUSINESS SCHOOL INTERACTIVE INC	Q	11,831,858	COST
(35) HARVARD BUSINESS SCHOOL INTERACTIVE INC	S	15,834,489	CASH
(36) HARVARD BUSINESS SCHOOL PUBLISHING ASIA PACIFIC LTD	P	443,764	COST
(37) HARVARD BUSINESS SCHOOL PUBLISHING CORP	A	14,520,900	CASH
(38) HARVARD BUSINESS SCHOOL PUBLISHING CORP	G	271,883	COST
(39) HARVARD BUSINESS SCHOOL PUBLISHING CORP	H	6,862,591	COST
(40) HARVARD BUSINESS SCHOOL PUBLISHING CORP	Q	10,352,024	COST
(41) HARVARD BUSINESS SCHOOL PUBLISHING CORP	S	28,037,100	CASH
(42) HARVARD BUSINESS SCHOOL PUBLISHING EUROPE LTD	N	179,861	COST
(43) HARVARD BUSINESS SCHOOL PUBLISHING EUROPE LTD	P	38,787	COST
(44) HARVARD BUSINESS SCHOOL PUBLISHING INDIA PRIVATE LTD	G	95,897	COST
(45) HARVARD BUSINESS SCHOOL PUBLISHING INDIA PRIVATE LTD	M	36,323	COST
(46) HARVARD CENTER SHANGHAI CO LTD	M	3,850,832	COST
(47) HARVARD COMMINGLED ACCOUNT	S	200,000,000	CASH
(48) HARVARD DEDICATED ENERGY LIMITED	H	17,924,611	COST
(49) HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC	M	1,011,830	COST
(50) HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC	R	1,000,000	CASH
(51) HARVARD MAGAZINE INC	A	122,551	COST
(52) HARVARD MAGAZINE INC	R	1,500,000	CASH
(53) HARVARD MANAGEMENT COMPANY INC	D	11,770,753	CASH
(54) HARVARD MANAGEMENT COMPANY INC	L	1,192,957	COST
(55) HARVARD MANAGEMENT COMPANY INC	M	177,221,137	CASH
(56) HARVARD MANAGEMENT PRIVATE EQUITY CORP	R	2,126,223,765	CASH
(57) HARVARD MANAGEMENT PRIVATE EQUITY CORP	S	2,755,103,551	CASH
(58) HARVARD NEURODISCOVERY CENTER INC	C	1,251,928	CASH
(59) HARVARD NEURODISCOVERY CENTER INC	N	838,709	COST
(60) HARVARD NEURODISCOVERY CENTER INC	O	1,427,266	COST
(61) HARVARD PRIVATE CAPITAL HOLDINGS INC	R	87,151,801	CASH
(62) HARVARD PRIVATE CAPITAL HOLDINGS INC	S	734,573,668	CASH
(63) HARVARD PRIVATE CAPITAL REALTY INC	R	1,289,390,010	CASH
(64) HARVARD PRIVATE CAPITAL REALTY INC	S	1,293,731,817	CASH
(65) HARVARD REAL ESTATE - ALLSTON INC	R	5,187,459	CASH
(66) HARVARD REAL ESTATE CV INC	B	1,167,041	CASH
(67) HARVARD REAL ESTATE CV INC	S	77,616,000	CASH
(68) HARVARD REAL ESTATE INC	B	11,788	CASH
(69) HARVARD REAL ESTATE INC	C	26,029	CASH
(70) HARVARD REAL ESTATE INC	S	784,000	CASH
(71) HARVARD UNIVERSITY PRESS OF NEW YORK	P	534,854	COST
(72) HARVARD UNIVERSITY PRESS LTD	D	2,876,795	CASH
(73) HARVARD UNIVERSITY PRESS LTD	G	2,892,795	COST
(74) HARVARD UNIVERSITY PRESS LTD	L	150,000	COST
(75) HARVARD UNIVERSITY PRESS LTD	P	206,167	COST
(76) HARVARD UNIVERSITY PRESS LTD	S	1,632,750	CASH
(77) LONGSTOCKING INVESTMENT CORP	R	1,197	CASH
(78) PHEMUS CORP	R	204,163,403	CASH
(79) PHEMUS CORP	S	139,062,062	CASH
(80) PUTNAM SQUARE APT CO LP	S	11,095,514	CASH
(81) RED TOP INC	S	18,491	CASH
(82) SHIPPING VENTURE CORP	R	64,134,895	CASH
(83) SHIPPING VENTURE CORP	S	7,763,476	CASH
(84) STUDENT CLUBS OF HBS INC	A	14,172	COST
(85) STUDENT CLUBS OF HBS INC	C	251,732	CASH
(86) THIRD WRANGLER LTD	R	50,000	CASH
(87) TRUSTEES FOR HARVARD UNIVERSITY	C	10,652,445	CASH

Schedule R (Form 990) 2013

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)	(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?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V?UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2013

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R (see instructions).

Return Reference	Explanation
PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A TRUST:	SPLIT INTEREST TRUSTS: THE TRUSTS LISTED ARE DOMICILED IN MASSACHUSETTS, NEW YORK, AND WASHINGTON, D.C.

Schedule R (Form 990) 2013

Additional Data

Software ID:	13000248
Software Version:	2013v3.1

1	Briefly describe the organization’s mission or most significant activities: UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION AND RESEARCH ACROSS A BROAD ARRAY OF ACADEMIC DOMAINS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	13
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	9
5	Total number of individuals employed in calendar year 2013 (Part V, line 2a) ......	5	34,359
6	Total number of volunteers (estimate if necessary) .............	6	23,000
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	34,917,562
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	1,856,072,877	2,174,337,778
9	Program service revenue (Part VIII, line 2g) .........	1,418,109,927	1,498,949,480
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	2,502,972,318	2,998,144,402
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	63,194,335	68,583,570
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	5,840,349,457	6,740,015,230
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	651,074,543	651,394,503
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)	1,980,054,394	2,051,839,119
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	324,568	359,511
b	Total fundraising expenses (Part IX, column (D), line 25) 167,510,150
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,950,459,770	1,966,404,127
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	4,581,913,275	4,669,997,260
19	Revenue less expenses. Subtract line 18 from line 12.......	1,258,436,182	2,070,017,970
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	72,763,619,000	68,112,313,000
21	Total liabilities (Part X, line 26).............	35,024,442,000	25,901,015,000
22	Net assets or fund balances. Subtract line 21 from line 20.....	37,739,177,000	42,211,298,000

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 3,327,402,719 including grants of $ 651,394,503 ) (Revenue $ 1,171,165,189 )
	INSTRUCTION AND RESEARCH HARVARD UNIVERSITY CONSISTS OF ONE UNDERGRADUATE COLLEGE AND ELEVEN GRADUATE AND PROFESSIONAL SCHOOLS. HARVARD ENROLLMENT: 21,289 DEGREE CANDIDATES

4b	(Code: ) (Expenses $ 725,968,000 including grants of $ ) (Revenue $ 327,784,291 )
	STUDENT LIFE AND AUXILIARY SERVICES REPRESENTS VARIOUS STUDENT SERVICES DEPARTMENTS, INCLUDING FACILITIES MAINTENANCE, FOOD SERVICES, DORMITORIES, HEALTH SERVICES, COMPUTER CENTER, PARKING, SECURITY, ETC.

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses4,053,370,719

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	11,580,642	0	1,627,326

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b		1,477,817
c	Fundraising events....1c		934,448
d	Related organizations...1d
e	Government grants (contributions)1e		580,469,574

f	All other contributions, gifts, grants, and similar amounts not included above1f		1,591,455,939

g	Noncash contributions included in lines 1a-1f:$		292,545,266
h	Total. Add lines 1a-1f.......			2,174,337,778
			Business Code
2a	STUDENT TUITION, R&B		900099	1,251,233,813	1,251,233,813
b	AUXILIARY HEALTH SERVICES		621400	52,102,853			52,102,853
c	STUDENT/EMPLOYEE SERVICES		611710	41,709,500		5,980,542	35,728,958
d	PUBLICATIONS		511130	43,993,511	43,902,422	91,089
e	LAB AND OTHER SERVICES AND SALES		541900	31,223,136	27,461,481	3,761,655
f	All other program service revenue .			78,686,667	32,614,689	26,132,734	19,939,244
g	Total. Add lines 2a–2f........			1,498,949,480
3	Investment income (including dividends, interest, and other similar amounts).......			479,365,224		-1,048,458	480,413,682
4	Income from investment of tax-exempt bond proceeds..			3,223			3,223
5	Royalties...........			39,298,286			39,298,286
		(i) Real	(ii) Personal
6a	Gross rents	72,548,529
b	Less: rental expenses	42,742,727
c	Rental income or (loss)	29,805,802	0
d	Net rental income or (loss).......			29,805,802			29,805,802
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	77,212,394,134	10,171,310
b	Less: cost or other basis and sales expenses	74,695,239,267	8,550,222
c	Gain or (loss)	2,517,154,867	1,621,088
d	Net gain or (loss)..........			2,518,775,955			2,518,775,955
8a	Gross income from fundraising events (not including $ 934,448 of contributions reported on line 1c). See Part IV, line 18 ..
	a		89,205
b	Less: direct expenses ...b		609,723
c	Net income or (loss) from fundraising events..			-520,518			-520,518
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...			0
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..			0
Miscellaneous Revenue			Business Code
11a				0
b				0
c				0
d	All other revenue ....			0	0	0	0
e	Total. Add lines 11a–11d ......			0
12	Total revenue. See Instructions......			6,740,015,230	1,355,212,405	34,917,562	3,175,547,485


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			17,620,000	1	33,985,000
2	Savings and temporary cash investments .........			10,033,000	2	10,061,000
3	Pledges and grants receivable, net ...........			1,323,401,000	3	1,589,999,000
4	Accounts receivable, net .............			58,595,000	4	102,527,000
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
				3,929,000	5	2,015,000
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
				0	6	0
7	Notes and loans receivable, net .............			361,553,000	7	373,763,000
8	Inventories for sale or use ..............			8,672,000	8	7,482,000
9	Prepaid expenses and deferred charges ..........			138,085,000	9	133,251,000
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	9,525,790,000
b	Less: accumulated depreciation .....	10b	3,827,058,000	5,547,759,000	10c	5,698,732,000
11	Investments—publicly traded securities ..........			31,994,262,000	11	30,597,496,000
12	Investments—other securities. See Part IV, line 11 .....			17,044,319,000	12	18,993,598,000
13	Investments—program-related. See Part IV, line 11 .....			0	13	0
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			16,255,391,000	15	10,569,404,000
16	Total assets. Add lines 1 through 15 (must equal line 34)......			72,763,619,000	16	68,112,313,000
17	Accounts payable and accrued expenses .........			446,037,000	17	461,005,000
18	Grants payable .................				18
19	Deferred revenue ................			165,974,000	19	176,847,000
20	Tax-exempt bond liabilities .............			3,317,255,000	20	3,298,658,000
21	Escrow or custodial account liability. Complete Part IV of Schedule D..				21
22	Loans and other 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 ..				23
24	Unsecured notes and loans payable to unrelated third parties ....			2,370,752,000	24	2,320,532,000
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....................			28,724,424,000	25	19,643,973,000
26	Total liabilities. Add lines 17 through 25.........			35,024,442,000	26	25,901,015,000
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			8,154,128,000	27	9,166,686,000
28	Temporarily restricted net assets ...........			23,132,078,000	28	25,850,724,000
29	Permanently restricted net assets ...........			6,452,971,000	29	7,193,888,000
	Organizations that do not follow SFAS 117 (ASC 958), check here 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 ...........			37,739,177,000	33	42,211,298,000
34	Total liabilities and net assets/fund balances ........			72,763,619,000	34	68,112,313,000

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, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926)......................................	Yes	No
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, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A).......................................	Yes	No
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)..............................	Yes	No
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, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621)...............................................	Yes	No
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)....................................	Yes	No
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)................................................	Yes	No