TY 2013 Form 990

- TIN:

Form990

Department of the Treasury
Internal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter Social Security numbers on this form as it may be made public. By law, the IRS

generally cannot redact the information on the form.

Information about Form 990 and its instructions is at www.IRS.gov/form990.

OMB No. 1545-0047

2013

Open to Public Inspection

A For the 2013 calendar year, or tax year beginning 07-01-2013 , 2013, and ending 06-30-2014

BCheck if applicable: Address change Name change Initial return Terminated Amended return Application pending

CName of organization
YALE UNIVERSITY

Doing Business As

Number and street (or P.O. box if mail is not delivered to street address)
PO BOX 208239

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW HAVEN, CT065208239

D Employer identification number

06-0646973

E Telephone number

G Gross receipts $ 8,179,206,822

F Name and address of principal officer:
PETER SALOVEY
PO BOX 208229
NEW HAVEN,CT065208229

Tax-exempt status: 501(c)(3) 501(c) ( ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

WWW.YALE.EDU

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. (see instructions)

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 1701

M State of legal domicile: CT

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: TO CREATE, PRESERVE, AND DISSEMINATE KNOWLEDGE
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	18
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	14
5	Total number of individuals employed in calendar year 2013 (Part V, line 2a) ......	5	27,983
6	Total number of volunteers (estimate if necessary) .............	6	7,800
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	-31,618,172
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	-38,851,493

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	846,509,395	878,354,797
9	Program service revenue (Part VIII, line 2g) .........	1,347,807,723	1,463,978,643
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	1,425,586,657	2,061,253,109
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	68,567,410	74,047,019
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	3,688,471,185	4,477,633,568
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	393,953,304	400,582,698
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)	1,900,267,485	1,954,127,182
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 39,912,185
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,024,201,482	1,068,907,359
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	3,318,422,271	3,423,617,239
19	Revenue less expenses. Subtract line 18 from line 12.......	370,048,914	1,054,016,329
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	28,911,175,542	32,031,841,267
21	Total liabilities (Part X, line 26).............	6,973,893,909	6,911,189,027
22	Net assets or fund balances. Subtract line 21 from line 20.....	21,937,281,633	25,120,652,240

Part II

Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name MediumBullet

Firm's EIN MediumBullet

Firm's address MediumBullet

Phone no.

May the IRS discuss this return with the preparer shown above? (see instructions) ............YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y

Form 990 (2013)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III ..............

Briefly describe the organization’s mission: SEE SCHEDULE O

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ...................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................ Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 1,508,872,033 including grants of $ 3,292,839 ) (Revenue $ 1,237,604,822 )
	INSTRUCTION: THE PROGRAM SERVICE COSTS INCLUDE SALARIES, FRINGE BENEFITS AND SUPPLIES OF TEACHING APPROXIMATELY 12,100 STUDENTS INCLUDING 5,409 UNDERGRADUATES, 2,860 GRADUATE STUDENTS AND 3,819 PROFESSIONAL SCHOOL STUDENTS. A FACULTY OF MORE THAN 4,100 TEACH AND ADMINISTER PROGRAMS ACROSS A RANGE OF DISCIPLINES IN THE SCIENCES AND ENGINEERING, THE SOCIAL SCIENCES, THE HUMANITIES, AND THE VARIOUS LEARNED PROFESSIONS. MORE THAN 80 MAJORS ARE AVAILABLE IN THE UNDERGRADUATE COLLEGE AND MORE THAN 35 DIFFERENT DEGREE PROGRAMS ARE OFFERED BY THE UNIVERSITY. -- CONTINUED ON SCHEDULE O.IN ADDITION TO THE GRADUATE SCHOOL OF ARTS AND SCIENCES, THE UNIVERSITY HAS PROFESSIONAL SCHOOLS INCLUDING ARCHITECTURE, ART, DIVINITY, DRAMA, ENGINEERING AND APPLIED SCIENCE, FORESTRY AND ENVIRONMENTAL STUDIES, LAW, MANAGEMENT, MEDICINE, MUSIC, NURSING AND PUBLIC HEALTH.

4b	(Code: ) (Expenses $ 481,848,000 including grants of $ 48,672,260 ) (Revenue $ 64,120,995 )
	RESEARCH: THE UNIVERSITY ENGAGES IN EXTENSIVE RESEARCH IN MEDICINE, THE PHYSICAL SCIENCES, THE SOCIAL SCIENCES AND HUMANITIES. THE UNIVERSITY'S RESEARCH ACTIVITIES ARE AIMED AT THE ADVANCEMENT OF KNOWLEDGE AS WELL AS TRAINING STUDENTS IN THE RESEARCH PROCESS. INCLUDED AMONG THE UNIVERSITY'S OUTSTANDING RESEARCH FACILITIES ARE LABORATORIES AND OTHER FACILITIES DEVOTED TO RESEARCH IN GEOLOGY, CHEMISTRY, BIOLOGY, ENGINEERING AND APPLIED SCIENCE, ANTHROPOLOGY, PALEONTOLOGY, MOLECULAR AND STRUCTURAL BIOLOGY, NUCLEAR STRUCTURE, CHILD DEVELOPMENT, SOCIAL POLICY, BIOSPHERIC STUDIES AND NUMEROUS BIOMEDICAL SCIENCES, TO NAME BUT A FEW.

4c	(Code: ) (Expenses $ 650,981,066 including grants of $ 347,006,663 ) (Revenue $ 75,712,884 )
	STUDENT FINANCIAL AID AND SERVICES: YALE COLLEGE ADMITS STUDENTS FOR THEIR ACADEMIC AND PERSONAL PROMISE WITHOUT REGARD TO THEIR ABILITY TO PAY. YALE IS COMMITTED TO A NEED-BLIND ADMISSIONS POLICY AND MEETS 100% OF DEMONSTRATED NEED FOR ALL STUDENTS REGARDLESS OF CITIZENSHIP. BY COMMITTING TO AN ADMISSIONS POLICY THAT DOES NOT CONSIDER A STUDENT'S ABILITY TO PAY, AND BY MEETING THE FULL FINANCIAL NEED OF ALL ADMITTED STUDENTS (WITH NO LOANS REQUIRED), YALE ENSURES THAT IT IS ACCESSIBLE TO THE MOST TALENTED STUDENTS FROM AROUND THE WORLD, REGARDLESS OF THEIR FAMILY'S INCOME. WITH THIS POLICY, YALE STRIVES TO CREATE A LEARNING ENVIRONMENT THAT INCORPORATES THE WIDEST POSSIBLE RANGE OF STUDENT BACKGROUNDS. -- CONTINUED ON SCHEDULE O.IN FY2014, 2,847 OR 53%, OF UNDERGRADUATES RECEIVED NEED-BASED SCHOLARSHIPS OR GRANTS FROM YALE SOURCES OF $41,780 ON AVERAGE. YALE'S GRADUATE AND PROFESSIONAL SCHOOLS ALSO PROVIDE FINANCIAL AID TO THEIR STUDENTS, RANGING FROM THE MERIT-BASED FUNDING FOR PHD STUDENTS TO THE NEED-BASED AID OFFERED AT THE LAW AND MEDICAL SCHOOLS. ALL OF YALE'S GRADUATE AND PROFESSIONAL SCHOOLS PROVIDE FINANCIAL AID TO THEIR STUDENTS BASED ON THEIR INDIVIDUAL POLICIES AND PROCEDURES. THIS CATEGORY OF EXPENDITURES ALSO INCLUDES: THE OPERATION OF DINING HALLS THAT PROVIDED 2,781,861 MEALS TO STUDENTS, FACULTY AND STAFF; MAINTENANCE OF DORMITORIES HOUSING 4,715 UNDERGRADUATES AND 998 GRADUATE AND PROFESSIONAL SCHOOL STUDENTS; OPERATION AND MAINTENANCE OF ATHLETIC FACILITIES, FOR THE 35 INTERCOLLEGIATE SPORTS, OVER 35 INTRAMURAL SPORTS AND 50 CLUB SPORT TEAMS OFFERED AT YALE AS WELL AS MORE THAN 75 SECTIONS OF PHYSICAL EDUCATION INSTRUCTION, PARKING FACILITIES, LAUNDRY FACILITIES, STUDENT CENTERS AND OTHER FACILITIES AND PROGRAMS (INCLUDING EXTRACURRICULAR ACTIVITIES AND STUDENT HEALTH SERVICES) THAT PROVIDE SUPPORT, SERVICES AND ACADEMIC/CULTURAL ENRICHMENT TO THE UNIVERSITY'S STUDENTS.FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:OTHER PROGRAM SERVICES INCLUDE ACADEMIC SUPPORT, PUBLIC SERVICE AND OTHER INSTITUTIONAL SUPPORT.

	(Code: ) (Expenses $ 422,282,059 including grants of $ 1,610,936 ) (Revenue $ 116,656,626 )


4d	Other program services (Describe in Schedule O.)
	(Expenses $ 422,282,059 including grants of $ 1,610,936 ) (Revenue $ 116,656,626 )
4e	Total program service expenses3,063,983,158

Form 990 (2013)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A Click to see attachment

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

Yes

Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment

...

Yes

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I Click to see attachment

..........

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II Click to see attachment

........

Yes

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C,
Part III Click to see attachment

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

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I Click to see attachment

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

Yes

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Click to see attachment

...

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment

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

Yes

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV Click to see attachment

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

Yes

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V Click to see attachment

......

Yes

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI. Click to see attachment

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

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

.......

11b

Yes

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

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

11d

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

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

11f

12a

Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment

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

12a

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment

12b

Yes

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E Click to see attachment

....

Yes

14a

Did the organization maintain an office, employees, or agents outside of the United States?.....

14a

Yes

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... Click to see attachment

14b

Yes

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV Click to see attachment

Yes

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment

Yes

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions).... Click to see attachment

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment

Yes

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III................... Click to see attachment

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Form 990 (2013)

Page 4

Part IV

Checklist of Required Schedules (continued)

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II... Click to see attachment

Yes

Did the organization report more than $5,000 of grants or other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment

Yes

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................ Click to see list of attachments

24a

Yes

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I........ Click to see attachment

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I................... Click to see attachment

25b

Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If so, complete Schedule L, Part II.................... Click to see attachment

Yes

Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III......... Click to see attachment

Yes

Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV .......................... Click to see attachment

28a

A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV..................... Click to see attachment

28b

Yes

An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV... Click to see attachment

28c

Yes

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M.. Click to see attachment

Yes

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M............. Click to see attachment

Yes

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part I...........................

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II......................

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........ Click to see attachment

Yes

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment

Yes

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

Yes

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2... Click to see attachment

35b

Yes

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI Click to see attachment

Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Form 990 (2013)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance

Check if Schedule O contains a response or note to any line in this Part V ..............

Yes

Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..

24,731

Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

27,983

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

Yes

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

Yes

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................

Yes

If "Yes," enter the name of the foreign country: MediumBullet

AS , CA , CJ , CH , HK , IN , EI , JE , LU , MY , MP , MJ , NL , PL , SN , SZ , UK , JA , IM
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................

Yes

If "Yes," did the organization notify the donor of the value of the goods or services provided?.....

Yes

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................

Yes

Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?............

Sponsoring organizations maintaining donor advised funds.

Did the organization make any taxable distributions under section 4966?..........

Did the organization make a distribution to a donor, donor advisor, or related person?.......

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year. ....................

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Form 990 (2013)

Page 6

Part VI

Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI ..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year .....................

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent ...................

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................

Yes

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Yes

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .........................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Yes

Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

Yes

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Yes

Section C. Disclosure

List the States with which a copy of this Form 990 is required to be filed MediumBullet

Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, physical address, and telephone number of the person who possesses the books and records of the organization:
MediumBullet

SHAUNA R KING VP FINANCE BUS O25 SCIENCE PARK 150 MUNSON STREETNEW HAVENCT06511 (203) 432-1096

Form 990 (2013)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII ..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See instructions for definition of "key employee."

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

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

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

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(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)		(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(1) PETER SALOVEY........................................................................ TRUSTEE AND PRESIDENT	50.00 .......................2.20	X	X	760,974	0	40,046
(2) BYRON G AUGUSTE........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(3) JOSHUA BEKENSTEIN........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(4) JEFFREY L BEWKES........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(5) MAUREEN C CHIQUET........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(6) FRANCISCO G CIGARROA........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(7) PETER B DERVAN........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(8) DONNA L DUBINSKY........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(9) CHARLES W GOODYEAR IV........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(10) CATHARINE B HILL........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(11) PAUL L JOSKOW........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(12) NEAL L KENY-GUYER........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(13) DANNEL P MALLOY........................................................................ TRUSTEE (EX-OFFICIO)	0.00 .......................0.00	X		0	0	0
(14) MARGARET H MARSHALL........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(15) INDRA NOOYI........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(16) E JOHN RICE JR........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0
(17) KEVIN P RYAN........................................................................ TRUSTEE	5.00 .......................0.00	X		0	0	0

Form 990 (2013)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and Title	(B) Average hours per week (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)					(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(18) DOUGLAS A WARNER III........................................................................ TRUSTEE	5.00 .......................0.00	X					0	0	0
(19) NANCY WYMAN........................................................................ TRUSTEE (EX-OFFICIO)	0.00 .......................0.00	X					0	0	0
(20) BRUCE D ALEXANDER........................................................................ VP FOR NEW HAVEN & STATE AFFAIRS	50.00 .......................0.00		X				533,018	0	40,685
(21) KIMBERLY M GOFF-CREWS........................................................................ SECRETARY AND VP FOR STUDENT LIFE	50.00 .......................1.00		X				369,411	0	42,782
(22) SHAUNA R KING........................................................................ VP FOR FINANCE & BUSINESS OPERATIONS	50.00 .......................1.20		X				559,569	0	44,527
(23) LINDA K LORIMER........................................................................ VP FOR GLOBAL & STRAT. INITIATIVES	50.00 .......................1.80		X				577,100	0	46,357
(24) JOAN E O'NEILL........................................................................ VP FOR DEVELOPMENT	50.00 ........................40		X				440,369	0	79,787
(25) MICHAEL A PEEL........................................................................ VP FOR HR & ADMINISTRATION	50.00 .......................0.00		X				549,823	0	48,803
(26) BENJAMIN POLAK........................................................................ PROVOST	50.00 ........................20		X				531,112	0	41,191
(27) DOROTHY K ROBINSON........................................................................ VP & GENERAL COUNSEL	50.00 ........................20		X				545,625	0	38,784
(28) ROBERT J ALPERN........................................................................ DEAN SCHOOL OF MEDICINE	50.00 .......................0.00			X			820,205	0	32,096
(29) JOHN H BOLLIER........................................................................ AVP FOR FACILITIES	50.00 .......................0.00			X			355,920	0	65,720
(30) RICHARD C LEVIN........................................................................ PRESIDENT EMERITUS	50.00 .......................0.00			X			1,103,147	0	45,860
(31) RICHARD C LEVIN........................................................................ PRESIDENT EMERITUS	50.00 .......................0.00			X			8,503,714	0	0
(32) SCOTT A STROBEL........................................................................ VP WEST CAMPUS PLANNING	50.00 .......................0.00			X			379,284	0	53,032
(33) DAVID F SWENSEN........................................................................ CHIEF INVESTMENT OFFICER	50.00 .......................3.40			X			3,075,883	0	492,734
(34) DEAN J TAKAHASHI........................................................................ SR DIRECTOR INVESTMENTS	50.00 .......................2.00			X			2,303,566	0	234,656
(35) KHALID M ABBED........................................................................ CHIEF, YALE SPINE INSTITUTE	50.00 .......................0.00				X		1,144,268	0	58,176
(36) ANAMIKA KATOCH........................................................................ CLINICIAN, CANCER CENTER	50.00 .......................0.00				X		1,145,863	0	33,457
(37) DAVID J LEFFELL........................................................................ PROFESSOR OF DERMATOLOGY	50.00 .......................0.00				X		1,422,872	0	74,268
(38) THOMAS J RUTHERFORD........................................................................ PROFESSOR, OB/GYN	50.00 .......................0.00				X		1,495,557	0	39,837
(39) TIMOTHY SULLIVAN........................................................................ DIRECTOR INVESTMENTS	50.00 .......................0.00				X		1,064,447	0	452,820
(40) MICHAEL J DONOGHUE........................................................................ FORMER VP WEST CAMPUS PLANNING	50.00 .......................0.00					X	253,910	0	51,513

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	27,935,637	0	2,057,131

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

3,131

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

Yes

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation
DIMEO CONSTRUCTION CO75 CHAPMAN STREETPROVIDENCERI02905	CONSTRUCTION & RELATED SERVICES	92,360,333
THE WHITING-TURNER CONTRACTING COMPANY300 EAST JOPPA ROADBALTIMOREMD21286	CONSTRUCTION & RELATED SERVICES	40,483,317
STANDARD BUILDERS INC52 HOLMES ROADNEWINGTONCT06111	CONSTRUCTION & RELATED SERVICES	35,954,328
TURNER CONSTRUCTION COMPANY50 WATERVIEW DRIVESHELTONCT06484	CONSTRUCTION & RELATED SERVICES	15,366,435
SHAWMUT WOODWORKING & SUPPLY INC560 HARRISON AVENUEBOSTONMA02118	CONSTRUCTION & RELATED SERVICES	14,905,186
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 431

Form 990 (2013)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII .............

				(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		109,773
b	Membership dues....1b
c	Fundraising events....1c		332,273
d	Related organizations...1d		244,982
e	Government grants (contributions)1e		456,751,527

f	All other contributions, gifts, grants, and similar amounts not included above1f		420,916,242

g	Noncash contributions included in lines 1a-1f:$		58,882,972
h	Total. Add lines 1a-1f.......			878,354,797
			Business Code
2a	MEDICAL SERVICE INCOME		541900	699,527,574	697,068,381	2,459,193
b	STUDENT INCOME		611310	541,348,009	541,348,009
c	CONTRACT INCOME-GOV'T		541700	87,404,168	87,404,168
d	CONTRACT INC-NON-GOV'T		541700	51,618,143	51,618,143
e	PUBLICATIONS INCOME		511130	21,992,184	21,992,184
f	All other program service revenue .			62,088,565	60,038,438	2,050,127
g	Total. Add lines 2a–2f........			1,463,978,643
3	Investment income (including dividends, interest, and other similar amounts).......			673,390,155		-32,546,903	705,937,058
4	Income from investment of tax-exempt bond proceeds..			241			241
5	Royalties...........			10,208,152			10,208,152
		(i) Real	(ii) Personal
6a	Gross rents	15,792,825
b	Less: rental expenses	11,750,567
c	Rental income or (loss)	4,042,258
d	Net rental income or (loss).......			4,042,258			4,042,258
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	2,040,634,743	3,036,820,432
b	Less: cost or other basis and sales expenses	1,584,051,634	2,105,540,828
c	Gain or (loss)	456,583,109	931,279,604
d	Net gain or (loss)..........			1,387,862,713		-4,318,976	1,392,181,689
8a	Gross income from fundraising events (not including $ 332,273 of contributions reported on line 1c). See Part IV, line 18 ..
	a		306,710
b	Less: direct expenses ...b		225,455
c	Net income or (loss) from fundraising events..			81,255			81,255
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a		13,394
b	Less: direct expenses ...b		4,770
c	Net income or (loss) from gaming activities...			8,624			8,624
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..
Miscellaneous Revenue			Business Code
11a	EDUCATIONAL SUPPORT		611710	34,626,004	34,626,004
b	PARKING		812930	11,775,059		738,387	11,036,672
c	UTILITIES		221000	10,071,233			10,071,233
d	All other revenue ....			3,234,434			3,234,434
e	Total. Add lines 11a–11d ......			59,706,730
12	Total revenue. See Instructions......			4,477,633,568	1,494,095,327	-31,618,172	2,136,801,616

Form 990 (2013)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ...............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to governments and organizations in the United States. See Part IV, line 21	46,155,306	46,155,306
2	Grants and other assistance to individuals in the United States. See Part IV, line 22	338,094,048	338,094,048
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16	16,333,344	16,333,344
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	15,840,950	1,305,033	14,011,642	524,275
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	12,757,024	9,575,234	2,967,466	214,324
7	Other salaries and wages	1,433,519,307	1,334,222,377	80,889,319	18,407,611
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	141,385,496	128,932,632	10,473,822	1,979,042
9	Other employee benefits .......	262,593,129	235,460,743	23,725,533	3,406,853
10	Payroll taxes ...........	88,031,276	79,961,964	6,822,944	1,246,368
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	4,817,376	1,234,252	3,583,124
c	Accounting ...........	1,777,509	64,837	1,712,672
d	Lobbying ...........	135,361		135,361
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	90,916,209		90,916,209
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........	70,657,728	56,031,153	13,747,642	878,933
12	Advertising and promotion ....	2,831,202	2,611,902	58,596	160,704
13	Office expenses .......	23,623,419	16,546,549	6,003,232	1,073,638
14	Information technology ......	36,664,955	20,788,896	15,441,855	434,204
15	Royalties ..	52,317	52,317
16	Occupancy ...........	81,304,819	78,473,640	541,292	2,289,887
17	Travel ............	49,714,766	46,589,959	2,164,772	960,035
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......	2,419	2,419
19	Conferences, conventions, and meetings ....	4,863,337	4,616,700	197,624	49,013
20	Interest ...........	88,485,271	85,174,567	2,782,938	527,766
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization .....	248,330,256	229,774,898	15,597,413	2,957,945
23	Insurance ..............	12,120,308	11,252,398	867,910
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	SUPPLIES-MED & RESEARCH	72,830,628	72,830,628
b	BOOKS, PERIODICALS, ETC	43,591,060	43,488,513	20,876	81,671
c	SUPPLIES-OTHER	36,235,398	34,803,669	1,201,010	230,719
d	FOOD & BEVERAGE	15,939,150	14,144,899	1,216,128	578,123
e	All other expenses	184,013,871	155,460,281	24,642,516	3,911,074
25	Total functional expenses. Add lines 1 through 24e	3,423,617,239	3,063,983,158	319,721,896	39,912,185
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).

Form 990 (2013)

Page 11


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			15,460,156	1	33,493,994
2	Savings and temporary cash investments .........			273,641,928	2	199,428,482
3	Pledges and grants receivable, net ...........			474,584,945	3	487,397,603
4	Accounts receivable, net .............			127,247,294	4	118,699,644
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
					5	197,956
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
				125,235	6	80,520
7	Notes and loans receivable, net .............			148,778,187	7	150,464,013
8	Inventories for sale or use ..............			16,317,745	8	15,811,800
9	Prepaid expenses and deferred charges ..........			21,152,539	9	22,044,264
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	6,543,026,246
b	Less: accumulated depreciation .....	10b	2,212,408,251	4,260,463,890	10c	4,330,617,995
11	Investments—publicly traded securities ..........			3,954,966,616	11	3,885,016,809
12	Investments—other securities. See Part IV, line 11 .....			19,248,317,889	12	22,378,135,546
13	Investments—program-related. See Part IV, line 11 .....			27,505,800	13	29,390,558
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			342,613,318	15	381,062,083
16	Total assets. Add lines 1 through 15 (must equal line 34)......			28,911,175,542	16	32,031,841,267
17	Accounts payable and accrued expenses .........			361,715,777	17	342,857,310
18	Grants payable .................			3,599,640	18	3,228,455
19	Deferred revenue ................			87,681,883	19	90,694,215
20	Tax-exempt bond liabilities .............			2,657,127,658	20	2,651,280,890
21	Escrow or custodial account liability. Complete Part IV of Schedule D..			1,659,869	21	2,193,991
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..........				22
23	Secured mortgages and notes payable to unrelated third parties ..				23
24	Unsecured notes and loans payable to unrelated third parties ....			808,416,119	24	558,438,931
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....................			3,053,692,963	25	3,262,495,235
26	Total liabilities. Add lines 17 through 25.........			6,973,893,909	26	6,911,189,027
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			3,624,985,807	27	4,244,671,456
28	Temporarily restricted net assets ...........			15,117,189,673	28	17,531,623,759
29	Permanently restricted net assets ...........			3,195,106,153	29	3,344,357,025
	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 ...........			21,937,281,633	33	25,120,652,240
34	Total liabilities and net assets/fund balances ........			28,911,175,542	34	32,031,841,267

Form 990 (2013)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI ..............

Total revenue (must equal Part VIII, column (A), line 12) ............

4,477,633,568

Total expenses (must equal Part IX, column (A), line 25) ............

3,423,617,239

Revenue less expenses. Subtract line 2 from line 1 ..............

1,054,016,329

Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..

21,937,281,633

Net unrealized gains (losses) on investments ...............

2,087,318,508

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

42,035,770

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))

25,120,652,240

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII .............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

Yes

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?

Yes

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Yes

Form 990 (2013)

Form 990, Special Condition Description:

Special Condition Description

Additional Data

Software ID:
Software Version:

- 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

YALE UNIVERSITY

Employer identification number

06-0646973

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.") ....	773,935,958	1,239,645,403	863,987,731	846,509,395	878,354,797	4,602,433,284
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	773,935,958	1,239,645,403	863,987,731	846,509,395	878,354,797	4,602,433,284
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public support. Subtract line 5 from line 4.						4,602,433,284

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..	773,935,958	1,239,645,403	863,987,731	846,509,395	878,354,797	4,602,433,284
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	544,920,344	554,044,718	511,578,007	558,241,125	731,938,276	2,900,722,470
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..
11	Total support (Add lines 7 through 10).						7,503,155,754

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

6,568,328,061

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)) .........

61.340 %

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

62.790 %

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:
Software Version:

- 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

YALE UNIVERSITY

Employer identification number

06-0646973

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 YALE UNIVERSITY

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 YALE UNIVERSITY

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
YALE UNIVERSITY

Employer identification number

06-0646973

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:
Software Version:

- 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

YALE UNIVERSITY

Employer identification number

06-0646973

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). Click to see attachment

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.)		(a) Filing organization's totals	(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......	10,448	10,448
b	Total lobbying expenditures to influence a legislative body (direct lobbying) .......	495,621	495,621
c	Total lobbying expenditures (add lines 1a and 1b) ...................	506,069	506,069
d	Other exempt purpose expenditures ........................	3,254,174,059	3,311,288,678
e	Total exempt purpose expenditures (add lines 1c and 1d) ...............	3,254,680,128	3,311,794,747
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.	1,000,000	1,000,000
	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) .................	250,000	250,000
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................	0	0
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................	0	0
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ......................................		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	1,000,000	1,000,000	1,000,000	1,000,000	4,000,000

b	Lobbying ceiling amount (150% of line 2a, column(e))					6,000,000

c	Total lobbying expenditures	609,960	521,672	606,971	506,069	2,244,672

d	Grassroots nontaxable amount	250,000	250,000	250,000	250,000	1,000,000

e	Grassroots ceiling amount (150% of line 2d, column (e))					1,500,000

f	Grassroots lobbying expenditures	15,670	21,232	18,971	10,448	66,321

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)? ....

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

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

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

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

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

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

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

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

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 (Form 990 or 990EZ) 2013

Additional Data

Software ID:
Software Version:

- 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

YALE UNIVERSITY

Employer identification number

06-0646973

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 .........	10
2	Aggregate contributions to (during year) ...	22,007,752
3	Aggregate grants from (during year) .....	1,817,620
4	Aggregate value at end of year ........	65,649,861

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:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

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 ....	20,993,584,000	19,606,479,000	19,630,896,000	16,863,612,000	16,493,386,000
b	Contributions ........	131,476,000	147,031,000	137,655,000	303,444,000	84,878,000
c	Net investment earnings, gains, and losses	4,037,639,000	2,294,825,000	877,883,000	3,465,103,000	1,370,842,000
d	Grants or scholarships .....	162,357,000	157,718,000	152,900,000	146,778,000	163,872,000
e	Other expenditures for facilities and programs ........	833,291,000	824,778,000	819,118,000	788,353,000	853,772,000
f	Administrative expenses ....	77,437,000	72,255,000	67,937,000	66,132,000	67,850,000
g	End of year balance ......	24,089,614,000	20,993,584,000	19,606,479,000	19,630,896,000	16,863,612,000

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

Board designated or quasi-endowment SchDMd Bullet

15.830 %

Permanent endowment SchDMd Bullet

13.740 %

Temporarily restricted endowment SchDMd Bullet

70.430 %

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)

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

3a(ii)

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

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 .................		131,892,231		131,892,231
b	Buildings ................	52,944,800	5,813,223,218	1,818,507,390	4,047,660,628
c	Leasehold improvements ............		1,299,035	481,575	817,460
d	Equipment ................		543,666,962	393,419,286	150,247,676
e	Other .................
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......					4,330,617,995

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
(2)Closely-held equity interests
(3)Other (A) COMMON STOCK	310,830,924	F
(B) EQUITY INVESTMENTS	21,863,368,569	F
(C) OTHER INVESTMENTS	203,936,053	F






Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	22,378,135,546

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









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

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
EMPLOYEE BENEFIT OBLIGATIONS		763,308,463
COMPENSATED ABSENCES		65,173,449
FINANCIAL AID GRANT OBLIGATIONS		48,223,000
ASSET RETIREMENT OBLIGATIONS		35,600,000
CAPITAL LEASE OBLIGATIONS		55,464,331
LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS		119,182,861
ADVANCES FROM FEDERAL GOV'T FOR STUDENT LOANS		31,912,000
SECURITIES SOLD NOT YET PURCHASED		303,901,088
DUE TO INSTITUTIONS		1,503,580,190
OTHER LIABILITIES		336,149,853
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		3,262,495,235
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	6,402,870,000
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains on investments ..........	2a	2,087,318,508
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	207,466,017
e	Add lines 2a through 2d .....................			2e	2,294,784,525
3	Subtract line 2e from line 1.....................			3	4,108,085,475
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	122,836,508
b	Other (Describe in Part XIII.) ...........	4b	246,711,585
c	Add lines 4a and 4b.......................			4c	369,548,093
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	4,477,633,568

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	3,058,920,000
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	4,850,854
e	Add lines 2a through 2d......................			2e	4,850,854
3	Subtract line 2e from line 1.....................			3	3,054,069,146
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	122,836,508
b	Other (Describe in Part XIII.) ............	4b	246,711,585
c	Add lines 4a and 4b.......................			4c	369,548,093
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	3,423,617,239

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
PART III, LINE 1A:	YALE UNIVERSITY FINANCIAL STATEMENTS - COLLECTIONS FOOTNOTE: COLLECTIONS AT YALE INCLUDE WORKS OF ART, LITERARY WORKS, HISTORICAL TREASURES AND ARTIFACTS THAT ARE MAINTAINED IN THE UNIVERSITY'S MUSEUMS AND LIBRARIES. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH AND THE FURTHERANCE OF PUBLIC SERVICE. COLLECTIONS ARE NOT CAPITALIZED; PURCHASES OF COLLECTION ITEMS ARE RECORDED AS OPERATING EXPENSES IN THE UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS IN THE PERIOD IN WHICH THE ITEMS ARE ACQUIRED.
PART III, LINE 4:	TEACHING AND RESEARCH ARE SUPPORTED BY THE UNIVERSITY'S EXTENSIVE COLLECTIONS-THE YALE UNIVERSITY ART GALLERY, THE YALE CENTER FOR BRITISH ART, THE PEABODY MUSEUM OF NATURAL HISTORY, AND THE COLLECTION OF MUSICAL INSTRUMENTS. ALL THE COLLECTIONS ARE OPEN TO THE PUBLIC. THE YALE UNIVERSITY ART GALLERY: THE YALE UNIVERSITY ART GALLERY, FOUNDED IN 1832, HOUSES A COLLECTION THAT RANKS WITH THOSE OF THE MAJOR PUBLIC ART MUSEUMS IN THE UNITED STATES. ITS BUILDINGS HOUSE ANCIENT, MEDIEVAL, AND RENAISSANCE ART, NEAR AND FAR EASTERN ART, ARCHAEOLOGICAL MATERIAL, PRE-COLUMBIAN AND AFRICAN ART, WORKS OF EUROPEAN AND AMERICAN MASTERS FROM VIRTUALLY EVERY PERIOD, AND A RICH COLLECTION OF MODERN ART. THE MISSION OF THE YALE UNIVERSITY ART GALLERY IS TO ENCOURAGE APPRECIATION AND UNDERSTANDING OF ART AND ITS ROLE IN SOCIETY THROUGH DIRECT ENGAGEMENT WITH ORIGINAL WORKS OF ART. THE GALLERY STIMULATES ACTIVE LEARNING ABOUT ART AND THE CREATIVE PROCESS THROUGH RESEARCH, TEACHING, AND DIALOGUE AMONG COMMUNITIES OF YALE STUDENTS, FACULTY, ARTISTS, SCHOLARS, ALUMNI, AND THE WIDER PUBLIC. THE GALLERY ORGANIZES EXHIBITIONS AND EDUCATIONAL PROGRAMS TO OFFER ENJOYMENT AND ENCOURAGE INQUIRY, WHILE BUILDING AND MAINTAINING ITS COLLECTIONS IN TRUST FOR FUTURE GENERATIONS. THE YALE CENTER FOR BRITISH ART: THE YALE CENTER FOR BRITISH ART IS A PUBLIC ART MUSEUM AND RESEARCH INSTITUTE FOR THE STUDY OF BRITISH ART AND CULTURE. THE YALE CENTER FOR BRITISH ART, WHICH OPENED IN 1977, HOUSES THE LARGEST COLLECTION OF BRITISH ART OUTSIDE THE UNITED KINGDOM. THE COLLECTION OF PAINTINGS, SCULPTURE, PRINTS, DRAWINGS, RARE BOOKS, AND MANUSCRIPTS REFLECTS THE DEVELOPMENT OF BRITISH ART AND LIFE FROM THE ELIZABETHAN PERIOD ONWARD. THE CENTER OFFERS A YEAR-ROUND SCHEDULE OF EXHIBITIONS AND PROGRAMS, INCLUDING FILMS, CONCERTS, LECTURES, TOURS, AND SPECIAL EVENTS. THE YALE CENTER FOR BRITISH ART OVERSEES AN ACTIVE RESEARCH PROGRAM THROUGH WHICH IT PROMOTES AND FOSTERS THE SCHOLARSHIP OF ALL ASPECTS OF BRITISH ART AND MATERIAL CULTURE. ACADEMIC RESOURCES OF THE CENTER INCLUDE THE REFERENCE LIBRARY AND ARCHIVE, CONSERVATION LABORATORIES, A STUDY ROOM FOR EXAMINING WORKS ON PAPER AS WELL AS RARE BOOKS AND MANUSCRIPTS FROM THE COLLECTION, AND AN ONLINE CATALOGUE OF THE COLLECTIONS. PEABODY MUSEUM: YALE'S PEABODY MUSEUM OF NATURAL HISTORY, FOUNDED IN 1866, CONTAINS ONE OF THE GREAT SCIENTIFIC COLLECTIONS IN NORTH AMERICA (NUMBERING OVER 13 MILLION SPECIMENS). AMONG ITS HOLDINGS ARE THE UNIVERSITY'S COMPREHENSIVE MINERALOGICAL AND ORNITHOLOGICAL COLLECTIONS, THE SECOND-LARGEST REPOSITORY OF DINOSAUR ARTIFACTS IN THE UNITED STATES, AND THE LARGEST INTACT APATOSAURUS (BRONTOSAURUS) IN THE WORLD. THE PEABODY IS A WORKING MUSEUM, WHERE PUBLIC EXHIBITION, RESEARCH, CONSERVATION, TEACHING, AND LEARNING INTERSECT. ITS MISSION IS TO SERVE THE UNIVERSITY BY ADVANCING THE UNDERSTANDING OF EARTH'S HISTORY THROUGH GEOLOGICAL, BIOLOGICAL, AND ANTHROPOLOGICAL RESEARCH, AND BY COMMUNICATING THE RESULTS OF THIS RESEARCH TO THE WIDEST POSSIBLE AUDIENCE THROUGH PUBLICATION, EXHIBITION, AND EDUCATIONAL PROGRAMS. FUNDAMENTAL TO THIS MISSION IS STEWARDSHIP OF THE MUSEUM'S RICH COLLECTIONS, WHICH PROVIDE A REMARKABLE RECORD OF THE HISTORY OF THE EARTH, ITS LIFE, AND ITS CULTURES. CONSERVATION, AUGMENTATION AND USE OF THESE COLLECTIONS ARE INCREASINGLY URGENT AS MODERN THREATS TO THE DIVERSITY OF LIFE AND CULTURE CONTINUE TO INTENSIFY. THE COLLECTIONS OF THE YALE PEABODY MUSEUM OF NATURAL HISTORY PROVIDE MATERIAL SUPPORT FOR UNDERGRADUATE RESEARCH AT YALE UNIVERSITY. THE MUSEUM'S CURATORIAL DIVISIONS MAINTAIN TEACHING COLLECTIONS FOR USE IN A WIDE RANGE OF UNDERGRADUATE CLASSROOM AND LABORATORY COURSES, FROM FORENSIC ANTHROPOLOGY TO EVOLUTIONARY BIOLOGY. THESE COLLECTIONS ARE ACTIVELY USED FOR SENIOR THESIS RESEARCH. IN ADDITION, EACH YEAR THE YALE PEABODY MUSEUM PROVIDES EDUCATIONAL PROGRAMS ON BIOLOGY, PALEONTOLOGY, GEOLOGY, ANCIENT CIVILIZATIONS, SOCIAL STUDIES AND ART TO MORE THAN 25,000 VISITORS FROM THROUGHOUT THE NORTHEAST, INCLUDING ELEMENTARY THROUGH COLLEGE STUDENTS AND OTHER PRIVATE AND COMMUNITY-BASED GROUPS. ALL PROGRAMS DRAW ON THE MUSEUM'S EXHIBITS TO MEET THE INCREASINGLY SOPHISTICATED NEEDS OF SCIENCE AND SOCIAL STUDIES EDUCATION AND MOST CAN BE ADAPTED TO ACCOMMODATE SPECIFIC GROUP NEEDS AS REQUESTED. THE MUSEUM'S COLLECTIONS ARE AVAILABLE TO LEGITIMATE RESEARCHERS AT ESTABLISHED INSTITUTIONS FOR SCHOLARLY USE. COLLECTION OF MUSICAL INSTRUMENTS: ESTABLISHED IN 1900, THE COLLECTION TODAY COMPRISES NEARLY ONE THOUSAND INSTRUMENTS, THE MAJORITY DOCUMENTING THE HISTORY OF WESTERN ART MUSIC. IT IS COMMITTED TO FOSTERING THE UNDERSTANDING AND APPRECIATION OF MUSICAL INSTRUMENTS FROM ALL CULTURES AND PERIODS. ONE OF THE FOREMOST INSTITUTIONS OF ITS KIND, THE COLLECTION ACQUIRES, PRESERVES, AND EXHIBITS MUSICAL INSTRUMENTS FROM ANTIQUITY TO THE PRESENT, FEATURING RESTORED EXAMPLES IN DEMONSTRATION AND LIVE PERFORMANCE. IT PROVIDES ACCESS TO AND DISSEMINATES INFORMATION ABOUT ITS HOLDINGS TO YALE STUDENTS, FACULTY, AND STAFF; TO SCHOLARS, MUSICIANS, AND INSTRUMENT MAKERS; AND TO THE BROADER PUBLIC. AN IMPORTANT RESOURCE FOR THE MUSIC CURRICULA OF THE UNIVERSITY, THE COLLECTION SERVES AS A LABORATORY FOR COURSES IN THE HISTORY OF MUSICAL INSTRUMENTS AND AS A SUPPLEMENTAL ARCHIVE FOR COURSES TAUGHT IN THE ARTS AND SCIENCES. THE COLLECTION MAINTAINS REGULAR PUBLIC VISITING HOURS, MOUNTS EXHIBITS, AND PRESENTS AN ANNUAL SERIES OF CONCERTS. LECTURES, TOURS, AND SPECIAL CONCERTS ARE OFFERED THROUGHOUT THE YEAR. EXHIBITIONS ARE ALSO FREQUENTLY MOUNTED AT THE FOLLOWING VENUES ON CAMPUS: ART & ARCHITECTURE GALLERY (SCHOOL OF ARCHITECTURE), BEINECKE RARE BOOK AND MANUSCRIPT LIBRARY, GREEN HALL GALLERY (SCHOOL OF ART), AND STERLING MEMORIAL LIBRARY, AS WELL AS AT OTHER NON-YALE LOCATIONS AND INSTITUTIONS THROUGH UNIVERSITY LOAN OR EXCHANGE PROGRAMS. YALE UNIVERSITY LIBRARY: IN ADDITION TO ITS MUSEUMS, THE YALE UNIVERSITY LIBRARY SUPPORTS AND ENHANCES RESEARCH, TEACHING, AND LEARNING AT YALE AND FOR THE WORLD-WIDE SCHOLARLY COMMUNITY THROUGH ITS EXPERTISE, COLLECTIONS, FACILITIES AND SERVICES. THE COLLECTION OF NEARLY 15 MILLION PRINT AND ELECTRONIC VOLUMES IS HOUSED IN 15 LIBRARIES, INCLUDING STERLING MEMORIAL, BEINECKE, AND BASS LIBRARIES, THE CENTER FOR SCIENCE AND SOCIAL SCIENCE INFORMATION, AS WELL AS MANY OTHER SCHOOL AND DEPARTMENTAL LIBRARIES. COLLECTIONS RANGE FROM ANCIENT PAPYRI AND EARLY PRINTED BOOKS TO DIGITAL COLLECTIONS AND ELECTRONIC DATABASES; AND THEY TRANSCEND A WIDE ARRAY OF FORMATS INCLUDING TEXT, PHOTOGRAPHS, VIDEO, AUDIO, DATA, MAPS, AND EPHEMERA. IN BUILDING THE COLLECTIONS OVER THE LAST THREE CENTURIES, YALE MADE A STEWARDSHIP COMMITMENT TO ASSIST IN THE PRESERVATION OF HUMAN KNOWLEDGE. THE LIBRARY ALSO HAS A RESPONSIBILITY TO BRING DIGITAL RESOURCES TO THE YALE COMMUNITY AND TO ADDRESS THE CHALLENGES OF DIGITAL PRESERVATION.
PART IV, LINE 2B:	THE AMOUNT REPORTED ON FORM 990, PART X, LINE 21, ESCROW ACCOUNT LIABILITY, REPRESENTS SECURITY DEPOSITS RELATED TO LEASE AGREEMENTS. PART V, LINE 1: ENDOWMENT FUNDS INCLUDE THE VALUE OF THE ENDOWMENT AND UNEXPENDED ENDOWMENT INCOME AT JUNE 30, 2014.
PART V, LINE 4:	THE ENDOWMENT PROVIDES THE LARGEST SOURCE OF OPERATING REVENUE FOR THE UNIVERSITY. SPENDING FROM THE ENDOWMENT GREW DURING THE LAST DECADE FROM $502 MILLION TO $1.0 BILLION, AN ANNUAL GROWTH RATE OF APPROXIMATELY 8%. YALE'S SPENDING AND INVESTMENT POLICIES PROVIDED SUBSTANTIAL LEVELS OF CASH FLOW TO THE OPERATING BUDGET FOR CURRENT SCHOLARS WHILE PRESERVING ENDOWMENT PURCHASING POWER FOR FUTURE GENERATIONS. THE YALE ENDOWMENT CONTAINS THOUSANDS OF FUNDS WITH A VARIETY OF DESIGNATED PURPOSES AND RESTRICTIONS. APPROXIMATELY 84% OF FUNDS CONSTITUTE TRUE ENDOWMENT, GIFTS RESTRICTED BY DONORS TO PROVIDE LONG-TERM FUNDING FOR DESIGNATED PURPOSES. THE REMAINING FUNDS REPRESENT QUASI-ENDOWMENT, MONIES THAT THE YALE CORPORATION CHOOSES TO INVEST AND TREAT AS ENDOWMENT. DONORS FREQUENTLY SPECIFY A PARTICULAR PURPOSE FOR GIFTS, CREATING ENDOWMENTS TO FUND PROFESSORSHIPS, TEACHING, AND LECTURESHIPS (24%), SCHOLARSHIPS, FELLOWSHIPS, AND PRIZES (17%), MAINTENANCE (4%), BOOKS (3%), AND MISCELLANEOUS SPECIFIC PURPOSES (27%). TWENTY-FIVE PERCENT OF FUNDS ARE UNRESTRICTED. TWENTY-TWO PERCENT OF THE ENDOWMENT BENEFITS THE OVERALL UNIVERSITY, WITH REMAINING FUNDS FOCUSED ON SPECIFIC UNITS, INCLUDING THE FACULTY OF ARTS AND SCIENCES (37%), THE PROFESSIONAL SCHOOLS (26%), THE LIBRARY (7%), AND OTHER ENTITIES (7%). PART X, LINE 2: THE UNIVERSITY WAS NOT REQUIRED TO INCLUDE A FIN 48 (ASC 740), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, FOOTNOTE IN ITS FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2014.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	AFFILIATED ORGANIZATION INCOME(LOSS): 58,823,459 CHANGE IN FUNDING STATUS OF DEFINED BENEFIT PLANS: 53,007,000 ACTUARIAL ADJUSTMENT FOR SPLIT INTEREST LIABILITY: (10,970,082) NON-CONTROLLING INTEREST: 106,607,000 ROUNDING: (1,360) TOTAL: 207,466,017 THIS AMOUNT IS REPORTED (IF REQUIRED) ON THE FORMS 990 OF THE AFFILIATED ORGANIZATIONS.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	RECLASSIFICATIONS FROM REVENUE TO EXPENSES, INCLUDING EXPENSES ON THE AUDITED FINANCIAL STATEMENTS THAT ARE RECLASSIFIED FOR FORM 990 PURPOSES AND REPORTED ON PART VIII, LINES 6B, 8B, AND 9B PURSUANT TO FORM INSTRUCTIONS: (7,548,481) TUITION DISCOUNTS WHICH WERE NETTED WITH STUDENT INCOME ON THE AUDITED FINANCIAL STATEMENTS: 254,260,066 TOTAL: 246,711,585
PART XII, LINE 2D - OTHER ADJUSTMENTS:	AFFILIATED ORGANIZATION EXPENSE: 4,850,854 THIS AMOUNT IS REPORTED (IF REQUIRED) ON THE FORMS 990 OF THE AFFILIATED ORGANIZATIONS.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	RECLASSIFICATIONS FROM REVENUE TO EXPENSES, INCLUDING EXPENSES ON THE AUDITED FINANCIAL STATEMENTS THAT ARE RECLASSIFIED FOR FORM 990 PURPOSES AND REPORTED ON PART VIII, LINES 6B, 8B, AND 9B PURSUANT TO FORM INSTRUCTIONS: (7,548,481) TUITION DISCOUNTS WHICH WERE NETTED WITH STUDENT INCOME ON THE AUDITED FINANCIAL STATEMENTS: 254,260,066 TOTAL: 246,711,585

Schedule D (Form 990) 2013

Additional Data

Software ID:
Software Version:

- 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

YALE UNIVERSITY

Employer identification number

06-0646973

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

Yes

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	SEE SCHEDULE E PAGE 2
SCHEDULE E, LINE 3	YALE UNIVERSITY'S EQUAL OPPORTUNITY STATEMENT: THE UNIVERSITY IS COMMITTED TO BASING JUDGMENTS CONCERNING THE ADMISSION, EDUCATION, AND EMPLOYMENT OF INDIVIDUALS UPON THEIR QUALIFICATIONS AND ABILITIES AND AFFIRMATIVELY SEEKS TO ATTRACT TO ITS FACULTY, STAFF, AND STUDENT BODY QUALIFIED PERSONS OF DIVERSE BACKGROUNDS. IN ACCORDANCE WITH THIS POLICY AND AS DELINEATED BY FEDERAL AND CONNECTICUT LAW, YALE DOES NOT DISCRIMINATE IN ADMISSIONS, EDUCATIONAL PROGRAMS, OR EMPLOYMENT AGAINST ANY INDIVIDUAL ON ACCOUNT OF THAT INDIVIDUAL'S SEX, RACE, COLOR, RELIGION, AGE, DISABILITY, STATUS AS A SPECIAL DISABLED VETERAN, VETERAN OF THE VIETNAM ERA OR OTHER COVERED VETERAN, OR NATIONAL OR ETHNIC ORIGIN; NOR DOES YALE DISCRIMINATE ON THE BASIS OF SEXUAL ORIENTATION OR GENDER IDENTITY OR EXPRESSION. UNIVERSITY POLICY IS COMMITTED TO AFFIRMATIVE ACTION UNDER LAW IN EMPLOYMENT OF WOMEN, MINORITY GROUP MEMBERS, INDIVIDUALS WITH DISABILITIES, SPECIAL DISABLED VETERANS, VETERANS OF THE VIETNAM ERA, AND OTHER COVERED VETERANS. THE UNIVERSITY'S EQUAL OPPORTUNITY STATEMENT IS MADE KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVICED BY THE UNIVERSITY. IT IS INCLUDED IN CATALOGUES AND BROCHURES DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS OF THE UNIVERSITY AS WELL AS ON ITS WEBSITE WHICH ARE ALL AVAILABLE TO THE GENERAL PUBLIC.
SCHEDULE E, LINE 6	THE UNIVERSITY HAS RECEIVED AND CONTINUES TO RECEIVE STUDENT FINANCIAL AID AND GRANTS FROM GOVERNMENTAL AGENCIES.

Schedule E (Form 990 or 990-EZ) 2013

Additional Data

Software ID:
Software Version:

- 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
YALE UNIVERSITY

Employer identification number

06-0646973

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	0	0	PROGRAM SERVICES	ACADEMIC COLLABORATIONS	20,851
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM SERVICES	ALUMNI RELATIONS	25,188
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM SERVICES	ATTENDING CONFERENCES & SEMINARS	79,074
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM SERVICES	CULTURAL EXCHANGE	20,265
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM SERVICES	INSTRUCTION/ TEACHING	10,624
	CENTRAL AMERICA AND THE CARIBBEAN	0	1	PROGRAM SERVICES	OTHER MISSION RELATED ACTIVITIES	86,666
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM SERVICES	RESEARCH	146,203
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM SERVICES	SPEAKING AT SEMINARS & CONFERENCES	66,038
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM SERVICES	STUDENT RECRUITMENT	4,993
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM SERVICES	STUDY ABROAD & OTHER EDUCATIONAL PROGRAMS	12,546
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	PROGRAM SERVICES	TRAINING & CLINICAL PRACTICE	49,689
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	FUNDRAISING		12,035
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	GRANTMAKING		545,961
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	INVESTMENTS		1,623,328,085
	EAST ASIA AND THE PACIFIC	1	11	PROGRAM SERVICES	ACADEMIC COLLABORATIONS	2,244,377
	EAST ASIA AND THE PACIFIC	0	0	PROGRAM SERVICES	ALUMNI RELATIONS	80,537
	EAST ASIA AND THE PACIFIC	0	0	PROGRAM SERVICES	ATTENDING CONFERENCES & SEMINARS	378,278
	EAST ASIA AND THE PACIFIC	0	0	PROGRAM SERVICES	CULTURAL EXCHANGE	35,781
	EAST ASIA AND THE PACIFIC	0	3	PROGRAM SERVICES	INSTRUCTION/ TEACHING	181,215
	EAST ASIA AND THE PACIFIC	1	1	PROGRAM SERVICES	OTHER MISSION RELATED ACTIVITIES	2,407,037
	EAST ASIA AND THE PACIFIC	0	15	PROGRAM SERVICES	RESEARCH	669,995
	EAST ASIA AND THE PACIFIC	0	0	PROGRAM SERVICES	SPEAKING AT SEMINARS & CONFERENCES	1,130,696
	EAST ASIA AND THE PACIFIC	0	0	PROGRAM SERVICES	STUDENT RECRUITMENT	101,881
	EAST ASIA AND THE PACIFIC	0	0	PROGRAM SERVICES	STUDY ABROAD & OTHER EDUCATIONAL PROGRAMS	611,192
	EAST ASIA AND THE PACIFIC	0	0	PROGRAM SERVICES	TRAINING & CLINICAL PRACTICE	55,628
	EAST ASIA AND THE PACIFIC	0	0	FUNDRAISING		155,252
	EAST ASIA AND THE PACIFIC	0	0	GRANTMAKING		3,611,166
	EAST ASIA AND THE PACIFIC	0	0	INVESTMENTS		178,494
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	9	PROGRAM SERVICES	ACADEMIC COLLABORATIONS	586,379
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	0	PROGRAM SERVICES	ALUMNI RELATIONS	94,731
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	1	PROGRAM SERVICES	ATTENDING CONFERENCES & SEMINARS	1,156,007
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	1	PROGRAM SERVICES	CULTURAL EXCHANGE	115,359
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	3	PROGRAM SERVICES	INSTRUCTION/ TEACHING	110,459
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	16	PROGRAM SERVICES	OTHER MISSION RELATED ACTIVITIES	7,351,599
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	20	PROGRAM SERVICES	RESEARCH	1,932,909
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	0	PROGRAM SERVICES	SPEAKING AT SEMINARS & CONFERENCES	2,030,502
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	0	PROGRAM SERVICES	STUDENT RECRUITMENT	63,314
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	0	PROGRAM SERVICES	STUDY ABROAD & OTHER EDUCATIONAL PROGRAMS	767,298
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	2	PROGRAM SERVICES	TRAINING & CLINICAL PRACTICE	49,232
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	0	FUNDRAISING		61,931
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	0	GRANTMAKING		6,552,821
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	0	INVESTMENTS		201,566,825
	MIDDLE EAST AND NORTH AFRICA	0	1	PROGRAM SERVICES	ACADEMIC COLLABORATIONS	34,332
	MIDDLE EAST AND NORTH AFRICA	0	0	PROGRAM SERVICES	ALUMNI RELATIONS	8,644
	MIDDLE EAST AND NORTH AFRICA	0	0	PROGRAM SERVICES	ATTENDING CONFERENCES & SEMINARS	36,793
	MIDDLE EAST AND NORTH AFRICA	0	0	PROGRAM SERVICES	CULTURAL EXCHANGE	6,818
	MIDDLE EAST AND NORTH AFRICA	0	0	PROGRAM SERVICES	INSTRUCTION/ TEACHING	6,559
	MIDDLE EAST AND NORTH AFRICA	0	1	PROGRAM SERVICES	OTHER MISSION RELATED ACTIVITIES	65,598
	MIDDLE EAST AND NORTH AFRICA	1	6	PROGRAM SERVICES	RESEARCH	443,244
	MIDDLE EAST AND NORTH AFRICA	0	0	PROGRAM SERVICES	SPEAKING AT SEMINARS & CONFERENCES	104,497
	MIDDLE EAST AND NORTH AFRICA	0	0	PROGRAM SERVICES	STUDENT RECRUITMENT	25,744
	MIDDLE EAST AND NORTH AFRICA	0	0	PROGRAM SERVICES	STUDY ABROAD & OTHER EDUCATIONAL PROGRAMS	85,366
	MIDDLE EAST AND NORTH AFRICA	0	0	PROGRAM SERVICES	TRAINING & CLINICAL PRACTICE	17,593
	MIDDLE EAST AND NORTH AFRICA	0	0	GRANTMAKING		350,305
	NORTH AMERICA	0	7	PROGRAM SERVICES	ACADEMIC COLLABORATIONS	27,928
	NORTH AMERICA	0	0	PROGRAM SERVICES	ALUMNI RELATIONS	36,218
	NORTH AMERICA	0	0	PROGRAM SERVICES	ATTENDING CONFERENCES & SEMINARS	359,018
	NORTH AMERICA	0	0	PROGRAM SERVICES	INSTRUCTION/ TEACHING	3,915
	NORTH AMERICA	0	2	PROGRAM SERVICES	OTHER MISSION RELATED ACTIVITIES	38,488
	NORTH AMERICA	0	4	PROGRAM SERVICES	RESEARCH	43,002
	NORTH AMERICA	0	0	PROGRAM SERVICES	SPEAKING AT SEMINARS & CONFERENCES	315,461
	NORTH AMERICA	0	0	PROGRAM SERVICES	STUDENT RECRUITMENT	47,756
	NORTH AMERICA	0	0	PROGRAM SERVICES	STUDY ABROAD & OTHER EDUCATIONAL PROGRAMS	17,179
	NORTH AMERICA	0	0	PROGRAM SERVICES	TRAINING & CLINICAL PRACTICE	2,414
	NORTH AMERICA	0	0	GRANTMAKING		927,414
	NORTH AMERICA	0	0	INVESTMENTS		15,699,179
	RUSSIA AND THE NEWLY INDEPENDENT STATES	0	0	PROGRAM SERVICES	ACADEMIC COLLABORATIONS	24,347
	RUSSIA AND THE NEWLY INDEPENDENT STATES	0	0	PROGRAM SERVICES	ATTENDING CONFERENCES & SEMINARS	36,184
	RUSSIA AND THE NEWLY INDEPENDENT STATES	0	0	PROGRAM SERVICES	OTHER MISSION RELATED ACTIVITIES	1,666
	RUSSIA AND THE NEWLY INDEPENDENT STATES	0	6	PROGRAM SERVICES	RESEARCH	285,153
	RUSSIA AND THE NEWLY INDEPENDENT STATES	0	0	PROGRAM SERVICES	SPEAKING AT SEMINARS & CONFERENCES	71,979
	RUSSIA AND THE NEWLY INDEPENDENT STATES	0	0	PROGRAM SERVICES	STUDY ABROAD & OTHER EDUCATIONAL PROGRAMS	5,825
	RUSSIA AND THE NEWLY INDEPENDENT STATES	0	0	GRANTMAKING		508,394
	SOUTH AMERICA	0	0	PROGRAM SERVICES	ACADEMIC COLLABORATIONS	107,707
	SOUTH AMERICA	0	0	PROGRAM SERVICES	ALUMNI RELATIONS	7,544
	SOUTH AMERICA	0	1	PROGRAM SERVICES	ATTENDING CONFERENCES & SEMINARS	28,100
	SOUTH AMERICA	0	0	PROGRAM SERVICES	CULTURAL EXCHANGE	8,650
	SOUTH AMERICA	0	0	PROGRAM SERVICES	INSTRUCTION/ TEACHING	25,046
	SOUTH AMERICA	0	0	PROGRAM SERVICES	OTHER MISSION RELATED ACTIVITIES	45,603
	SOUTH AMERICA	0	6	PROGRAM SERVICES	RESEARCH	620,964
	SOUTH AMERICA	0	0	PROGRAM SERVICES	SPEAKING AT SEMINARS & CONFERENCES	364,880
	SOUTH AMERICA	0	0	PROGRAM SERVICES	STUDENT RECRUITMENT	34,238
	SOUTH AMERICA	0	0	PROGRAM SERVICES	STUDY ABROAD & OTHER EDUCATIONAL PROGRAMS	163,852
	SOUTH AMERICA	0	0	PROGRAM SERVICES	TRAINING & CLINICAL PRACTICE	9,706
	SOUTH AMERICA	0	0	FUNDRAISING		51,615
	SOUTH AMERICA	0	0	GRANTMAKING		1,947,130
	SOUTH AMERICA	0	0	INVESTMENTS		1,673,535
	SOUTH ASIA	0	2	PROGRAM SERVICES	ACADEMIC COLLABORATIONS	58,808
	SOUTH ASIA	0	0	PROGRAM SERVICES	ALUMNI RELATIONS	38,269
	SOUTH ASIA	0	1	PROGRAM SERVICES	ATTENDING CONFERENCES & SEMINARS	36,575
	SOUTH ASIA	0	0	PROGRAM SERVICES	CULTURAL EXCHANGE	6,905
	SOUTH ASIA	0	0	PROGRAM SERVICES	INSTRUCTION/ TEACHING	12,920
	SOUTH ASIA	0	1	PROGRAM SERVICES	OTHER MISSION RELATED ACTIVITIES	39,395
	SOUTH ASIA	0	2	PROGRAM SERVICES	RESEARCH	194,484
	SOUTH ASIA	0	0	PROGRAM SERVICES	SPEAKING AT SEMINARS & CONFERENCES	117,159
	SOUTH ASIA	0	0	PROGRAM SERVICES	STUDENT RECRUITMENT	60,273
	SOUTH ASIA	0	0	PROGRAM SERVICES	STUDY ABROAD & OTHER EDUCATIONAL PROGRAMS	63,755
	SOUTH ASIA	0	0	PROGRAM SERVICES	TRAINING & CLINICAL PRACTICE	2,851
	SOUTH ASIA	0	0	FUNDRAISING		43,634
	SOUTH ASIA	0	0	GRANTMAKING		631,679
	SUB-SAHARAN AFRICA	0	3	PROGRAM SERVICES	ACADEMIC COLLABORATIONS	100,917
	SUB-SAHARAN AFRICA	0	0	PROGRAM SERVICES	ALUMNI RELATIONS	70,421
	SUB-SAHARAN AFRICA	0	0	PROGRAM SERVICES	ATTENDING CONFERENCES & SEMINARS	67,978
	SUB-SAHARAN AFRICA	0	1	PROGRAM SERVICES	CULTURAL EXCHANGE	28,507
	SUB-SAHARAN AFRICA	0	1	PROGRAM SERVICES	INSTRUCTION/ TEACHING	184,983
	SUB-SAHARAN AFRICA	0	0	PROGRAM SERVICES	OTHER MISSION RELATED ACTIVITIES	24,100
	SUB-SAHARAN AFRICA	0	10	PROGRAM SERVICES	RESEARCH	981,044
	SUB-SAHARAN AFRICA	0	0	PROGRAM SERVICES	SPEAKING AT SEMINARS & CONFERENCES	77,862
	SUB-SAHARAN AFRICA	0	0	PROGRAM SERVICES	STUDENT RECRUITMENT	18,694
	SUB-SAHARAN AFRICA	0	0	PROGRAM SERVICES	STUDY ABROAD & OTHER EDUCATIONAL PROGRAMS	157,176
	SUB-SAHARAN AFRICA	0	0	PROGRAM SERVICES	TRAINING & CLINICAL PRACTICE	208,409
	SUB-SAHARAN AFRICA	0	0	FUNDRAISING		43,342
	SUB-SAHARAN AFRICA	0	0	GRANTMAKING		1,183,422
	SUB-SAHARAN AFRICA	0	0	INVESTMENTS		172,599,019
3a	Sub-total .....	0	1			454,909
b	Total from continuation sheets to Part I ...	3	137			2,060,012,368
c	Totals (add lines 3a and 3b)	3	138			2,060,467,277

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
CENTRAL AMERICA AND THE CARIBBEAN	SUBAWARD - SPONSORED RESEARCH	352,859	CHECK
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	92,000	WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	5,000	WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	68,368	WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	50,189	CHECK
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	58,033	CHECK
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	7,980	CHECK, WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	213,000	CHECK, WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	53,758	WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	8,629	WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	25,207	WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	45,618	CHECK
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	7,765	WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	21,577	CHECK
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	13,053	WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	120,031	WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	32,026	WIRE
EAST ASIA AND THE PACIFIC	SUBAWARD - SPONSORED RESEARCH	233,551	CHECK, WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	6,803	CHECK, WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	215,007	CHECK, WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	17,143	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	57,240	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	6,400	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	26,325	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	8,148	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	15,243	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	5,374	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	8,665	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	5,817	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	18,565	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	12,022	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	15,820	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	15,040	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	136,163	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	7,518	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	98,391	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	12,027	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	7,920	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	62,612	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	16,145	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	25,876	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	7,850	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	7,833	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	22,992	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	11,255	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	8,006	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	25,998	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	6,233	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	18,163	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	11,360	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	5,373	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	73,468	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	6,765	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	17,015	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	8,595	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	12,816	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	11,151	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	72,142	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	12,257	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	214,091	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	5,307	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	10,764	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	112,454	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	6,076	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	9,552	WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	94,022	CHECK, WIRE
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	307,875	CHECK
EUROPE (INCL. ICELAND AND GREENLAND)	SUBAWARD - SPONSORED RESEARCH	13,581	CHECK
MIDDLE EAST AND NORTH AFRICA	SUBAWARD - SPONSORED RESEARCH	11,377	CHECK
MIDDLE EAST AND NORTH AFRICA	SUBAWARD - SPONSORED RESEARCH	39,110	WIRE
MIDDLE EAST AND NORTH AFRICA	SUBAWARD - SPONSORED RESEARCH	14,851	WIRE
MIDDLE EAST AND NORTH AFRICA	SUBAWARD - SPONSORED RESEARCH	17,620	CHECK
MIDDLE EAST AND NORTH AFRICA	SUBAWARD - SPONSORED RESEARCH	39,152	CHECK
MIDDLE EAST AND NORTH AFRICA	SUBAWARD - SPONSORED RESEARCH	33,330	CHECK
MIDDLE EAST AND NORTH AFRICA	SUBAWARD - SPONSORED RESEARCH	13,284	CHECK, WIRE
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	75,599	CHECK, WIRE
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	9,526	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	20,582	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	7,207	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	18,856	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	42,356	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	8,484	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	49,362	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	172,300	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	124,264	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	10,872	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	54,288	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	25,940	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	26,143	CHECK
NORTH AMERICA	SUBAWARD - SPONSORED RESEARCH	25,081	CHECK
RUSSIA AND THE NEWLY INDEPENDENT STATES	SUBAWARD - SPONSORED RESEARCH	129,265	CHECK, WIRE
RUSSIA AND THE NEWLY INDEPENDENT STATES	SUBAWARD - SPONSORED RESEARCH	107,460	CHECK
RUSSIA AND THE NEWLY INDEPENDENT STATES	SUBAWARD - SPONSORED RESEARCH	115,885	CHECK
RUSSIA AND THE NEWLY INDEPENDENT STATES	SUBAWARD - SPONSORED RESEARCH	26,073	WIRE
SOUTH AMERICA	SUBAWARD - SPONSORED RESEARCH	429,121	CHECK
SOUTH AMERICA	SUBAWARD - SPONSORED RESEARCH	165,000	CHECK
SOUTH AMERICA	SUBAWARD - SPONSORED RESEARCH	127,185	CHECK
SOUTH AMERICA	SUBAWARD - SPONSORED RESEARCH	293,567	CHECK
SOUTH ASIA	SUBAWARD - SPONSORED RESEARCH	106,586	CHECK
SOUTH ASIA	SUBAWARD - SPONSORED RESEARCH	28,324	WIRE
SOUTH ASIA	SUBAWARD - SPONSORED RESEARCH	78,774	CHECK
SUB-SAHARAN AFRICA	SUBAWARD - SPONSORED RESEARCH	26,868	CHECK
SUB-SAHARAN AFRICA	SUBAWARD - SPONSORED RESEARCH	131,497	CHECK
SUB-SAHARAN AFRICA	SUBAWARD - SPONSORED RESEARCH	13,748	WIRE
SUB-SAHARAN AFRICA	SUBAWARD - SPONSORED RESEARCH	105,437	CHECK
SUB-SAHARAN AFRICA	SUBAWARD - SPONSORED RESEARCH	36,939	CHECK, WIRE
SUB-SAHARAN AFRICA	SUBAWARD - SPONSORED RESEARCH	9,720	CHECK
SUB-SAHARAN AFRICA	SUBAWARD - SPONSORED RESEARCH	99,455	WIRE
SUB-SAHARAN AFRICA	SUBAWARD - SPONSORED RESEARCH	83,376	CHECK
SUB-SAHARAN AFRICA	SUBAWARD - SPONSORED RESEARCH	34,477	WIRE

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
FELLOWSHIPS	CENTRAL AMERICA AND THE CARIBBEAN	33	95,375	CHECK, ELECTRONIC FUND OR WIRE TRANSFER
FELLOWSHIPS	EAST ASIA AND THE PACIFIC	224	2,028,356	CHECK, ELECTRONIC FUND OR WIRE TRANSFER
FELLOWSHIPS	EUROPE (INCLUDING ICELAND AND GREENLAND)	143	546,961	CHECK, ELECTRONIC FUND OR WIRE TRANSFER
FELLOWSHIPS	MIDDLE EAST AND NORTH AFRICA	31	134,900	CHECK, ELECTRONIC FUND OR WIRE TRANSFER
FELLOWSHIPS	NORTH AMERICA	46	135,204	CHECK, ELECTRONIC FUND OR WIRE TRANSFER
FELLOWSHIPS	RUSSIA AND THE NEWLY INDEPENDENT STATES	12	52,349	CHECK, ELECTRONIC FUND OR WIRE TRANSFER
FELLOWSHIPS	SOUTH AMERICA	43	125,445	CHECK, ELECTRONIC FUND OR WIRE TRANSFER
FELLOWSHIPS	SOUTH ASIA	57	203,555	CHECK, ELECTRONIC FUND OR WIRE TRANSFER
FELLOWSHIPS	SUB-SAHARAN AFRICA	66	210,517	CHECK, ELECTRONIC FUND OR WIRE TRANSFER
STUDENT STIPENDS	CENTRAL AMERICA AND THE CARIBBEAN	14	37,245	ELECTRONIC FUND OR WIRE TRANSFER
STUDENT STIPENDS	EAST ASIA AND THE PACIFIC	21	127,669	ELECTRONIC FUND OR WIRE TRANSFER
STUDENT STIPENDS	EUROPE (INCLUDING ICELAND AND GREENLAND)	48	542,254	ELECTRONIC FUND OR WIRE TRANSFER
STUDENT STIPENDS	NORTH AMERICA	4	68,410	ELECTRONIC FUND OR WIRE TRANSFER
STUDENT STIPENDS	SOUTH AMERICA	24	185,496	ELECTRONIC FUND OR WIRE TRANSFER
STUDENT STIPENDS	SOUTH ASIA	8	72,503	ELECTRONIC FUND OR WIRE TRANSFER
STUDENT STIPENDS	SUB-SAHARAN AFRICA	23	227,614	ELECTRONIC FUND OR WIRE TRANSFER
SCHOLARSHIPS	CENTRAL AMERICA AND THE CARIBBEAN	6	60,482	CHECK
SCHOLARSHIPS	EAST ASIA AND THE PACIFIC	52	361,559	CHECK
SCHOLARSHIPS	EUROPE (INCLUDING ICELAND AND GREENLAND)	322	3,478,189	CHECK
SCHOLARSHIPS	MIDDLE EAST AND NORTH AFRICA	9	46,681	CHECK
SCHOLARSHIPS	NORTH AMERICA	8	35,097	CHECK
SCHOLARSHIPS	RUSSIA AND THE NEWLY INDEPENDENT STATES	8	75,322	CHECK
SCHOLARSHIPS	SOUTH AMERICA	63	615,196	CHECK
SCHOLARSHIPS	SOUTH ASIA	14	133,078	CHECK
SCHOLARSHIPS	SUB-SAHARAN AFRICA	18	192,309	CHECK
GRANTS - OTHER BENEFITS	EAST ASIA AND THE PACIFIC	36	37,797	CHECK
GRANTS - OTHER BENEFITS	EUROPE (INCLUDING ICELAND AND GREENLAND)	33	72,159	CHECK
GRANTS - OTHER BENEFITS	NORTH AMERICA	4	17,846	CHECK
GRANTS - OTHER BENEFITS	RUSSIA AND THE NEWLY INDEPENDENT STATES	1	2,040	CHECK
GRANTS - OTHER BENEFITS	SOUTH AMERICA	3	6,120	CHECK
GRANTS - OTHER BENEFITS	SOUTH ASIA	6	8,859	CHECK
GRANTS - OTHER BENEFITS	SUB-SAHARAN AFRICA	6	11,467	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
PART I, LINE 2:
SCHEDULE F, PART I, LINE 2:	WITH RESPECT TO SPONSORED PROJECT ACTIVITY SUBCONTRACTED TO OTHER ENTITIES, THE UNIVERSITY'S POLICIES AND PROCEDURES FOR MONITORING GRANTS ARE INTENDED TO ESTABLISH APPROPRIATE AND EFFECTIVE MECHANISMS TO PROMOTE COMPLIANCE WITH FEDERAL AND NON-FEDERAL REQUIREMENTS AND ENSURE THAT THE UNIVERSITY AND ITS SPONSORS RECEIVE VALUE FOR FUNDS EXPENDED. THE PROCEDURES INCLUDE A FORMAL APPROVAL PROCESS FOR SUBAWARDS, PRE-AWARD AND POST-AWARD MONITORING OF SUB RECIPIENTS TO REVIEW THE FINANCIAL STATUS AND MANAGEMENT CONTROLS, COMPLIANCE CERTIFICATIONS RELATIVE TO THE USE OF HUMAN SUBJECTS AND ANIMALS, AND REQUIRED DISCLOSURE OF ANY CONFLICT OF INTEREST WITH A SUB RECIPIENT ENTITY AND A REVIEW OF PERTINENT OTHER ORGANIZATION INFORMATION. IN ACCORDANCE WITH THESE PROCEDURES, THE UNIVERSITY REVIEWS THE SUB RECIPIENT'S ADMINISTRATION, BILLINGS AND SCIENTIFIC PROGRESS OF AN ACTIVE SUBAWARD AND CONDUCTS ON-GOING RISK ASSESSMENTS AS WELL AS QUARTERLY QUALITY ASSURANCE REVIEWS ON RANDOMLY SELECTED SUBAWARDS. THESE PROCEDURES SERVE TO ENSURE THAT THE SUBAWARDS ARE USED FOR PROPER PURPOSES AND NOT DIVERTED FROM THEIR INTENDED USE. THE UNIVERSITY PROVIDES STUDENTS WITH MANY FELLOWSHIP OPPORTUNITIES TO FUND RESEARCH, INDEPENDENT PROJECTS, INTERNSHIPS, VOLUNTEER WORK, COMMUNITY SERVICE, AND STUDY ABROAD. RECIPIENTS ARE SELECTED BASED ON AN APPLICATION, INCLUDING A PROPOSAL, ESSAYS, BUDGET, ACADEMIC RECORD, AND INTERVIEW, AS APPLICABLE. IN MOST CASES, THE TERMS OF THE AWARD REQUIRE THAT THE RECIPIENT PREPARE AND PRESENT A REPORT OF THE FELLOWSHIP ACTIVITY. FURTHER, CERTAIN FELLOWSHIP RECIPIENTS ARE REQUIRED TO DOCUMENT EXPENSES TO VERIFY THAT THE FELLOWSHIP WAS USED FOR THE PURPOSE INTENDED. SUCH DOCUMENTATION MAY INCLUDE COPIES OF PLANE TICKETS AND BOARDING PASSES, COPIES OF VISAS, RECEIPTS FOR TUITION, LETTERS FROM ORGANIZATIONS VERIFYING THE INTERNSHIP AND DATES, ETC., AS APPROPRIATE.
SCHEDULE F, PART I, LINE 3:	PURSUANT TO THE FORM INSTRUCTIONS, THE FOLLOWING IS A BREAKOUT OF AMOUNTS PROVIDED AS INVESTMENTS: INVESTMENTS EXPENDITURES CENTRAL AMERICA AND THE CARIBBEAN 1,616,370,271 6,957,814 EAST ASIA AND THE PACIFIC 0 178,494 EUROPE (INCLUDING ICELAND & GREENLAND) 201,242,381 324,444 NORTH AMERICA 15,667,999 31,180 SOUTH AMERICA 0 1,673,535 SUB-SAHARAN AFRICA 172,599,019 0
SCHEDULE F, PART II, LINE 3:	THE TOTAL NUMBER REPORTED ON LINE 3 INCLUDES TAX EXEMPT ORGANIZATIONS AND PUBLIC INSTITUTIONS. MOST OF THE SUBAWARD RECIPIENTS ARE UNIVERSITIES, HOSPITALS, AND RESEARCH INSTITUTIONS.
SCHEDULE F, PART II:	A SUBAWARD IS AN AWARD FROM THE UNIVERSITY TO A QUALIFIED THIRD PARTY PRIMARILY TO PERFORM RESEARCH AND OTHER RELATED PROGRAMMATIC EFFORTS UNDER A SPONSORED RESEARCH PROJECT. SCHEDULE F, PART III, COLUMNS (C) AND (D): THE AMOUNTS REPORTED IN COLUMNS (C) AND (D) REPRESENT AN ESTIMATE OF TOTAL AWARDS FOR THE FISCAL YEAR ENDED JUNE 30, 2014 BASED ON INFORMATION PROVIDED BY THE UNIVERSITY'S UNDERGRADUATE, GRADUATE AND PROFESSIONAL SCHOOLS. SOME STUDENTS RECEIVED MORE THAN ONE AWARD DURING THE FISCAL YEAR ENDED JUNE 30, 2014. SCHEDULE F, PART IV, LINE 6: THE UNIVERSITY DOES NOT BELIEVE THAT IT HAS "OPERATIONS" IN OR RELATED TO BOYCOTTING COUNTRIES, HOWEVER, AS A PROTECTIVE MEASURE, THE UNIVERSITY DOES FILE FORM 5713.

Schedule F (Form 990) 2013

Additional Data

Software ID:
Software Version:

- 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
YALE UNIVERSITY

Employer identification number

06-0646973

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)	(iii) Did fundraiser have custody or control of contributions?
	Yes	No










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

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.

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 GOLF OUTING (event type)	(b) Event #2 GOLF OUTING (event type)	(c) Other events 13 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . .	131,322	72,693	434,968	638,983
2	Less: Contributions . .	98,781	47,022	186,470	332,273
3	Gross income (line 1 minus line 2) . . .	32,541	25,671	248,498	306,710
4	Cash prizes . . .
5	Noncash prizes . .	129	480	9,369	9,978
6	Rent/facility costs . .	5,710	5,465	16,769	27,944
7	Food and beverages .
8	Entertainment . . .
9	Other direct expenses .	23,398	16,889	147,246	187,533
10	Direct expense summary. Add lines 4 through 9 in column (d) ...........				225,455
11	Net income summary. Subtract line 10 from line 3, column (d)...........				81,255

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 (Form 990 or 990-EZ) 2013

Additional Data

Software ID:
Software Version:

- 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
YALE UNIVERSITY

Employer identification number
06-0646973

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) ABT SRBI INC 275 SEVENTH AVENUE SUITE 2700 NEW YORK,NY10001	13-3077900		59,505	SUBAWARD - SPONSORED RESEARCH
(2) ADVANCED NEUROLOGY SPECIALISTS 400 15TH AVENUE SOUTH SUITE 206 GREAT FALLS,MT59405	20-1821484		13,033	SUBAWARD - SPONSORED RESEARCH
(3) AGILENT TECHNOLOGIES INC 4187 COLLECTIONS CENTER DRIVE CHICAGO,IL60693	77-0518772		176,185	SUBAWARD - SPONSORED RESEARCH
(4) AIDS CONNECTICUT INC 110 BARTHOLOMEW AVENUE SUITE 400 HARTFORD,CT06106	22-3014883	501(C)(3)	10,000	SUBAWARD - SPONSORED RESEARCH
(5) AIDS PROJECT NEW HAVEN INC 1302 CHAPEL STREET NEW HAVEN,CT06511	22-2506184	501(C)(3)	275,944	SUBAWARD - SPONSORED RESEARCH
(6) ALERE WELLBEING INC 999 THIRD AVENUE SEATTLE,WA98104	20-0231080		43,098	SUBAWARD - SPONSORED RESEARCH
(7) ALLEGHENY-SINGER RESEARCH INSTITUTE 2 ALLEGHEMY CENTER 11TH FLR PITTSBURGH,PA152124746	25-1320493	501(C)(3)	32,350	SUBAWARD - SPONSORED RESEARCH
(8) ALLIANCE OF CHICAGO COMMUNITY HEALTH SERVICES L3C 215 W OHIO 4TH FLOOR CHICAGO,IL60654	36-4444309		22,606	SUBAWARD - SPONSORED RESEARCH
(9) ALTRU HEALTH SYSTEM 860 SOUTH COLUMBIA ROAD GRAND FORKS,ND58201	45-0310462	501(C)(3)	11,456	SUBAWARD - SPONSORED RESEARCH
(10) AMERICAN COLLEGE OF CARDIOLOGY FOUNDATION PO BOX 79231 BALTIMORE,MD212790231	13-5641985	501(C)(3)	31,356	SUBAWARD - SPONSORED RESEARCH
(11) AMERICAN PSYCHOSOCIAL ONCOLOGY SOCIETY 154 HANSEN RD SUITE 201 CHARLOTTESVILLE,VA22911	04-3720121	501(C)(3)	45,520	SUBAWARD - SPONSORED RESEARCH
(12) AMERICAN RED CROSS 600 A FOREST POINT CIRCLE CHARLOTTE,NC28273	53-0196605	501(C)(3)	795,355	SUBAWARD - SPONSORED RESEARCH
(13) AMERICAN SOCIETY OF CLINICAL ONCOLOGY 2318 MILL ROAD SUITE 800 ALEXANDRIA,VA22314	13-6180380	501(C)(3)	6,415	SUBAWARD - SPONSORED RESEARCH
(14) APT FOUNDATION INC ONE LONG WHARF DRIVE SUITE 321 NEW HAVEN,CT06511	23-7061218	501(C)(3)	896,068	SUBAWARD - SPONSORED RESEARCH
(15) ATLANTA RESEARCH & EDUCATION FOUNDATION INC 1902 CLAIRMONT ROAD DECATUR,GA30033	58-1857346	501(C)(3)	91,000	SUBAWARD - SPONSORED RESEARCH
(16) BALTIMORE RESEARCH & EDUCATION FOUNDATION INC 10 NORTH GREENE STREET BALTIMORE,MD21201	52-1705976	501(C)(3)	75,993	SUBAWARD - SPONSORED RESEARCH
(17) BANNER HEALTH 901 E WILLETTA STREET PHOENIX,AZ85006	45-0233470	501(C)(3)	8,675	SUBAWARD - SPONSORED RESEARCH
(18) BARKER BI-COASTAL HEALTH CONSULTANTS INC 3556 ELM DRIVE CALABASAS,CA91302	20-8139387		80,000	SUBAWARD - SPONSORED RESEARCH
(19) BAYLOR COLLEGE OF MEDICINE ONE BAYLOR PLAZA HOUSTON,TX77030	74-1613878	501(C)(3)	253,540	SUBAWARD - SPONSORED RESEARCH
(20) BAYSTATE MEDICAL CENTER INC 280 CHESTNUT STREET SPRINGFIELD,MA01199	04-2790311	501(C)(3)	93,228	SUBAWARD - SPONSORED RESEARCH
(21) BECKMAN RESEARCH INSTITUTE OF THE CITY OF HOPE 1500 EAST DUARTE ROAD DUARTE,CA910103000	95-3432210	501(C)(3)	9,905	SUBAWARD - SPONSORED RESEARCH
(22) BEDFORD VA RESEARCH CORPORATION INC 200 SPRINGS ROAD BEDFORD,MA01730	04-3512440	501(C)(3)	66,423	SUBAWARD - SPONSORED RESEARCH
(23) BETH ISRAEL DEACONESS MEDICAL CENTER 330 BROOKLINE AVENUE BOSTON,MA02215	04-2103881	501(C)(3)	102,073	SUBAWARD - SPONSORED RESEARCH
(24) BHCARE INC 127 WASHINGTON AVENUE 3RD FLOOR NORTH HAVEN,CT06473	22-2598799	501(C)(3)	9,406	SUBAWARD - SPONSORED RESEARCH
(25) BOARD OF REGENTS NEVADA SYSTEM OF HIGHER EDUCATION 4505 MARYLAND PKWY LAS VEGAS,NV89154	88-6000024	501(C)(3)	72,066	SUBAWARD - SPONSORED RESEARCH
(26) BOARD OF REGENTS OF THE UNIVERSITY OF OKLAHOMA HEALTH SCIENCES CENTER PO BOX 26901 OKLAHOMA CITY,OK731260901	73-6017987	STATE OF OK	59,786	SUBAWARD - SPONSORED RESEARCH
(27) BOSTON MEDICAL CENTER 660 HARRISON AVEVUE BOSTON,MA02118	04-3314093	501(C)(3)	18,354	SUBAWARD - SPONSORED RESEARCH
(28) BOSTON UNIVERSITY PO BOX 55058 BOSTON,MA022151301	04-2103547	501(C)(3)	316,971	SUBAWARD - SPONSORED RESEARCH
(29) BOYCE THOMPSON INSTITUTE FOR PLANT RESEARCH INC 533 TOWER ROAD ITHACA,NY14853	13-1739923	501(C)(3)	39,377	SUBAWARD - SPONSORED RESEARCH
(30) BRENTWOOD BIOMEDICAL RESEARCH INSTITUTE INC PO BOX 25027 LOS ANGELES,CA90025	95-4183712	501(C)(3)	100,118	SUBAWARD - SPONSORED RESEARCH
(31) BRIDGEPORT BOARD OF EDUCATION 45 LYON TERRACE BRIDGEPORT,CT06604	06-6001865	CITY-BRIDGEPORT	600,664	SUBAWARD - SPONSORED RESEARCH
(32) BRIDGEPORT HOSPITAL 267 GRANT STREET BRIDGEPORT,CT06610	06-0646554	501(C)(3)	102,083	SUBAWARD - SPONSORED RESEARCH
(33) BRIGHAM & WOMEN'S HOSPITAL PO BOX 3887 BOSTON,MA022413887	04-2312909	501(C)(3)	722,503	SUBAWARD - SPONSORED RESEARCH
(34) BRIGHAM YOUNG UNIVERSITY PO BOX 21128 PROVO,UT846021128	87-0217280	501(C)(3)	80,864	SUBAWARD - SPONSORED RESEARCH
(35) BROWN UNIVERSITY PO BOX 1911 PROVIDENCE,RI02908	05-0258809	501(C)(3)	245,161	SUBAWARD - SPONSORED RESEARCH
(36) CALIFORNIA CENTER FOR PUBLIC HEALTH ADVOCACY PO BOX 2309 DAVIS,CA95617	95-4723901	501(C)(3)	30,163	SUBAWARD - SPONSORED RESEARCH
(37) CASE WESTERN RESERVE UNIVERSITY 11100 EUCLID AVENUE SUITE 2217 CLEVELAND,OH441062080	34-1018992	501(C)(3)	43,384	SUBAWARD - SPONSORED RESEARCH
(38) CEDARS-SINAI MEDICAL CENTER 8700 BEVERLY BLVD LOS ANGELES,CA90048	95-1644600	501(C)(3)	10,411	SUBAWARD - SPONSORED RESEARCH
(39) CENTER FOR SCIENCE IN THE PUBLIC INTEREST 1220 L STREET NW SUITE 300 WASHINGTON,DC200054053	23-7122879	501(C)(3)	65,295	SUBAWARD - SPONSORED RESEARCH
(40) CENTRAL CONNECTICUT STATE UNIVERSITY 1615 STANLEY STREET NEW BRITAIN,CT06053	06-1303381	STATE OF CT	46,059	SUBAWARD - SPONSORED RESEARCH
(41) CHILDREN'S HOSPITAL CORPORATION PO BOX 414413 BOSTON,MA022414413	04-2774441	501(C)(3)	338,458	SUBAWARD - SPONSORED RESEARCH
(42) CHILDREN'S HOSPITAL LOS ANGELES 4650 SUNSET BOULEVARD LOS ANGELES,CA90027	95-1690977	501(C)(3)	148,922	SUBAWARD - SPONSORED RESEARCH
(43) CHILDREN'S HOSPITAL MEDICAL CENTER 3333 BURNET AVENUE CINCINNATI,OH452293039	31-0833936	501(C)(3)	102,525	SUBAWARD - SPONSORED RESEARCH
(44) CHILDREN'S HOSPITAL OF PHILADELPHIA PO BOX 8500 PHILADELPHIA,PA191781457	23-1352166	501(C)(3)	62,057	SUBAWARD - SPONSORED RESEARCH
(45) CHILDREN'S HOSPITAL OF PITTSBURGH FOUNDATION ONE CHILDRENS HOSPITAL DRIVE 4401 PENN AVENUE PITTSBURGH,PA152241342	25-1865744	501(C)(3)	12,500	SUBAWARD - SPONSORED RESEARCH
(46) CHILDREN'S RESEARCH INSTITUTE 111 MICHIGAN AVENUE NW WASHINGTON,DC200102970	52-1654453	501(C)(3)	365,651	SUBAWARD - SPONSORED RESEARCH
(47) CIGITAL INC 21351 RIDGETOP CIRCLE SUITE 400 DULLES,VA20166	54-1605142		53,548	SUBAWARD - SPONSORED RESEARCH
(48) CITY OF NEW HAVEN 54 MEADOW ST NEW HAVEN,CT06519	06-6001876	CITY-NEW HAVEN	104,971	SUBAWARD - SPONSORED RESEARCH
(49) CLIFFORD W BEERS GUIDANCE CLINIC INC 93 EDWARDS STREET NEW HAVEN,CT06511	06-0646757	501(C)(3)	94,860	SUBAWARD - SPONSORED RESEARCH
(50) COLD SPRING HARBOR LABORATORY 1 BUNGTOWN ROAD COLD SPRING HARBOR,NY11724	11-2013303	501(C)(3)	407,656	SUBAWARD - SPONSORED RESEARCH
(51) COLORADO SCHOOL OF MINES PO BOX 911911 DENVER,CO802911911	84-6000551	STATE OF CO	168,893	SUBAWARD - SPONSORED RESEARCH
(52) COLORADO STATE UNIVERSITY 601 SOUTH HOWES ROOM 408 FORT COLLINS,CO805232002	84-6000545	STATE OF CO	24,699	SUBAWARD - SPONSORED RESEARCH
(53) COLUMBIA UNIVERSITY 615 WEST 131ST STREET 4TH FLOOR NEW YORK,NY10027	13-5598093	501(C)(3)	452,396	SUBAWARD - SPONSORED RESEARCH
(54) CORNELL SCOTT-HILL HEALTH CORPORATION 400 COLUMBUS AVENUE 2ND FLOOR NEW HAVEN,CT06519	06-0870990	501(C)(3)	182,599	SUBAWARD - SPONSORED RESEARCH
(55) CORNELL UNIVERSITY PO BOX 22 ITHACA,NY148510022	15-0532082	501(C)(3)	550,985	SUBAWARD - SPONSORED RESEARCH
(56) DALLAS VA RESEARCH CORPORATION PO BOX 516 LANCASTER,TX75146	75-2329831	501(C)(3)	63,992	SUBAWARD - SPONSORED RESEARCH
(57) DANA-FARBER CANCER INSTITUTE INC 450 BROOKLINE AVENUE BOSTON,MA02215	04-2263040	501(C)(3)	76,396	SUBAWARD - SPONSORED RESEARCH
(58) DARTMOUTH COLLEGE 11 ROPE FERRY ROAD HANOVER,NH037551404	02-0222111	501(C)(3)	178,852	SUBAWARD - SPONSORED RESEARCH
(59) DAVID H MURDOCK RESEARCH INSTITUTE 150 RESEARCH CAMPUS DRIVE KANNAPOLIS,NC28081	20-8730759	501(C)(3)	81,036	SUBAWARD - SPONSORED RESEARCH
(60) DECISION SCIENCE RESEARCH INSTITUTE INC 1201 OAK STREET EUGENE,OR97401	93-0927305	501(C)(3)	66,817	SUBAWARD - SPONSORED RESEARCH
(61) DONALD DANFORTH PLANT SCIENCE CENTER 975 NORTH WATSON ROAD ST LOUIS,MO63132	31-1584621	501(C)(3)	316,640	SUBAWARD - SPONSORED RESEARCH
(62) DREXEL UNIVERSITY COLLEGE OF MEDICINE 3141 CHESTNUT STREET PHILADELPHIA,PA19104	23-2979433	501(C)(3)	38,989	SUBAWARD - SPONSORED RESEARCH
(63) DUKE UNIVERSITY PO BOX 602651 CHARLOTTE,NC282602651	56-0532129	501(C)(3)	222,780	SUBAWARD - SPONSORED RESEARCH
(64) EAST CAROLINA UNIVERSITY 200 S CHARLES BLVD GREENVILLE,NC278584353	56-6000403	STATE OF NC	8,718	SUBAWARD - SPONSORED RESEARCH
(65) EMERGENCY CARE RESEARCH INSTITUTE 5200 BUTLER PIKE PLYMOUTH MEETING,PA19462	23-1662091	501(C)(3)	5,234	SUBAWARD - SPONSORED RESEARCH
(66) EMORY UNIVERSITY PO BOX 935084 ATLANTA,GA311935084	58-0566256	501(C)(3)	384,394	SUBAWARD - SPONSORED RESEARCH
(67) FAIR HAVEN COMMUNITY HEALTH CLINIC INC 374 GRAND AVENUE NEW HAVEN,CT06513	06-0883545	501(C)(3)	244,050	SUBAWARD - SPONSORED RESEARCH
(68) FISHER BIOSERVICES 14665 ROTHGEB DRIVE ROCKVILLE,MD20850	54-1348241		9,103	SUBAWARD - SPONSORED RESEARCH
(69) FLORIDA INTERNATIONAL UNIVERSITY 11200 SW 8TH STREET MIAMI,FL33199	65-0177616	501(C)(3)	36,572	SUBAWARD - SPONSORED RESEARCH
(70) FOUNDATION FOR APPLIED MOLECULAR EVOLUTION INC PO BOX 13174 GAINESVILLE,FL32604	59-3471957	501(C)(3)	217,706	SUBAWARD - SPONSORED RESEARCH
(71) GEISINGER CLINIC 100 NORTH ACADEMY AVENUE DANVILLE,PA178222602	23-6291113	501(C)(3)	103,192	SUBAWARD - SPONSORED RESEARCH
(72) GEORGE MASON UNIVERSITY 4400 UNIVERSITY DRIVE FAIRFAX,VA22030	54-0836354	STATE OF VA	437,293	SUBAWARD - SPONSORED RESEARCH
(73) GFK CUSTOM RESEARCH LLC PO BOX 347353 PITTSBURGH,PA152514353	52-2339690		55,919	SUBAWARD - SPONSORED RESEARCH
(74) GRIFFIN HOSPITAL 130 DIVISION STREET DERBY,CT06418	06-0647014	501(C)(3)	468,019	SUBAWARD - SPONSORED RESEARCH
(75) GUILFORD NEUROLOGIC ASSOCIATES 912 THIRD STREET SUITE 101 GREENSBORO,NC27405	56-0963466		107,923	SUBAWARD - SPONSORED RESEARCH
(76) H LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE HOSPITAL INC 12902 MAGNOLIA DRIVE TAMPA,FL33612	59-3238634	501(C)(3)	11,186	SUBAWARD - SPONSORED RESEARCH
(77) HAMILL ASSOCIATESINC 1200 HIGH RIDGE ROAD 3RD FLOOR STAMFORD,CT06905	13-3804354		27,150	SUBAWARD - SPONSORED RESEARCH
(78) HARTFORD HOSPITAL 80 SEYMOUR STREET HARTFORD,CT061025037	06-0646668	501(C)(3)	806,606	SUBAWARD - SPONSORED RESEARCH
(79) HEALTH FIRST PHYSICIANS 1223 GATEWAY DRIVE MELBOURNE,FL32901	59-3346397		8,541	SUBAWARD - SPONSORED RESEARCH
(80) HEKTOEN INSTITUTE OF MEDICINE 2240 WEST OGDEN AVENUE 2ND FLOOR CHICAGO,IL60612	36-2244897	501(C)(3)	53,331	SUBAWARD - SPONSORED RESEARCH
(81) HENRY M JACKSON FOUNDATION FOR THE ADVANCEMENT OF MILITARY MEDICINE 6720A ROCKLEDGE DRIVE SUITE 100 BETHESDA,MD20817	52-1317896	501(C)(3)	262,594	SUBAWARD - SPONSORED RESEARCH
(82) HISPANIC HEALTH COUNCIL INC 175 MAIN STREET HARTFORD,CT06106	06-1018979	501(C)(3)	310,313	SUBAWARD - SPONSORED RESEARCH
(83) HOSPITAL FOR SPECIAL SURGERY FUND INC 535 EAST 70TH STREET NEW YORK,NY10021	13-6714749	501(C)(3)	10,482	SUBAWARD - SPONSORED RESEARCH
(84) HUGO W MOSER RESEARCH INSTITUTE AT KENNEDY KRIEGER INC 707 NORTH BROADWAY BALTIMORE,MD21205	52-1524967	501(C)(3)	30,020	SUBAWARD - SPONSORED RESEARCH
(85) ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI 1 GUSTAVE L LEVY PLACE NEW YORK,NY10029	13-6171197	501(C)(3)	58,054	SUBAWARD - SPONSORED RESEARCH
(86) INDIANA MEDICAL RESEARCH LLC 303 SOUTH NAPPANEE STREET ELKHART,IN46514	26-0303059		17,767	SUBAWARD - SPONSORED RESEARCH
(87) INDIANA UNIVERSITY PO BOX 66057 INDIANAPOLIS,IN462666057	35-6001673	501(C)(3)	124,990	SUBAWARD - SPONSORED RESEARCH
(88) INNOVATIONS FOR POVERTY ACTION 101 WHITNEY AVENUE NEW HAVEN,CT06510	06-1660068	501(C)(3)	1,073,620	SUBAWARD - SPONSORED RESEARCH
(89) INSTITUTE FOR CLINICAL RESEARCH INC PO BOX 29545 WASHINGTON,DC200170745	52-1336656	501(C)(3)	56,243	SUBAWARD - SPONSORED RESEARCH
(90) INSTITUTE FOR COMMUNITY RESEARCH INC 2 HARTFORD SQUARE WEST SUITE 100 HARTFORD,CT061065128	06-0653116	501(C)(3)	51,705	SUBAWARD - SPONSORED RESEARCH
(91) IOWA NEUROLOGY RESEARCH INC PO BOX 65433 WEST DES MOINES,IA50265	92-0179923		29,569	SUBAWARD - SPONSORED RESEARCH
(92) IOWA STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY 3609 ADMINISTRATIVE SVCS BLDG AMES,IA500113609	42-6004224	501(C)(3)	43,780	SUBAWARD - SPONSORED RESEARCH
(93) J CRAIG VENTER INSTITUTE 9704 MEDICAL CENTER DRIVE ROCKVILLE,MD20850	52-1842938	501(C)(3)	53,544	SUBAWARD - SPONSORED RESEARCH
(94) JOHNS HOPKINS UNIVERSITY 3910 KESWICK ROAD N4327B BALTIMORE,MD21211	52-0595110	501(C)(3)	445,280	SUBAWARD - SPONSORED RESEARCH
(95) JUNTA FOR PROGRESSIVE ACTION INC 169 GRAND AVENUE NEW HAVEN,CT06513	23-7066862	501(C)(3)	123,875	SUBAWARD - SPONSORED RESEARCH
(96) KALEIDA HEALTH 100 HIGH STREET BUFFALO,NY14203	16-1533232	501(C)(3)	11,171	SUBAWARD - SPONSORED RESEARCH
(97) KESSLER FOUNDATION INC 300 EXECUTIVE DRIVE SUITE 70 WEST ORANGE,NJ070521424	31-1562134	501(C)(3)	36,284	SUBAWARD - SPONSORED RESEARCH
(98) L2 DIAGNOSTICS LLC PO BOX 8175 NEW HAVEN,CT065300175	06-1509946		104,952	SUBAWARD - SPONSORED RESEARCH
(99) LANKENAU INSTITUTE FOR MEDICAL RESEARCH 100 LANCASTER AVENUE WYNNEWOOD,PA19096	23-2175659	501(C)(3)	20,336	SUBAWARD - SPONSORED RESEARCH
(100) LIBERTY COMMUNITY SERVICES 129 CHURCH STREET 2ND FLOOR NEW HAVEN,CT06510	22-2849124	501(C)(3)	167,636	SUBAWARD - SPONSORED RESEARCH
(101) LOUISIANA STATE UNIVERSITY AND AGRICULTURAL & MECHANICAL COLLEGE 6400 PERKINS ROAD BATON ROUGE,LA70808	72-6000848	501(C)(3)	11,831	SUBAWARD - SPONSORED RESEARCH
(102) LOYOLA UNIVERSITY OF CHICAGO 2700 2160 FIRST AVENUE MAYWOOD,IL60153	36-1408475	501(C)(3)	15,021	SUBAWARD - SPONSORED RESEARCH
(103) MACROCYCLICS INC 1309 RECORD CROSSING ROAD DALLAS,TX75235	75-2628442		38,021	SUBAWARD - SPONSORED RESEARCH
(104) MARQUETTE UNIVERSITY PO BOX 1881 MILWAUKEE,WI532011881	39-0806251	501(C)(3)	12,220	SUBAWARD - SPONSORED RESEARCH
(105) MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE,MA021394307	04-2103594	501(C)(3)	699,027	SUBAWARD - SPONSORED RESEARCH
(106) MAYO CLINIC PO BOX 4008 ROCHESTER,MN559034008	41-6011702	501(C)(3)	8,307	SUBAWARD - SPONSORED RESEARCH
(107) MEMORIAL SLOAN-KETTERING CANCER CENTER PO BOX 26338 NEW YORK,NY10087	13-1924236	501(C)(3)	130,504	SUBAWARD - SPONSORED RESEARCH
(108) METROHEALTH SYSTEM PO BOX 73308 CLEVELAND,OH44193	34-6004382	CUYAHOGA COUNTY	8,457	SUBAWARD - SPONSORED RESEARCH
(109) MINNEAPOLIS CLINIC OF NEUROLOGY LTD 3366 OAKDALE AVENUE NORTH SUITE 309 ROBBINSDALE,MN55422	41-0999094		27,257	SUBAWARD - SPONSORED RESEARCH
(110) MIRIAM HOSPITAL ONE HOPPIN STREET PROVIDENCE,RI029034141	05-0258905	501(C)(3)	9,326	SUBAWARD - SPONSORED RESEARCH
(111) NARROWS INSTITUTE FOR BIOMEDICAL RESEARCH 800 POLY PLACE BROOKLYN,NY11209	11-3059470	501(C)(3)	131,422	SUBAWARD - SPONSORED RESEARCH
(112) NATIONAL JEWISH HEALTH 1400 JACKSON STREET DENVER,CO80206	74-2044647	501(C)(3)	64,936	SUBAWARD - SPONSORED RESEARCH
(113) NEW HAVEN FAMILY ALLIANCE INC 370 JAMES STREET SUITE 201 NEW HAVEN,CT06513	06-1324343	501(C)(3)	301,629	SUBAWARD - SPONSORED RESEARCH
(114) NEW REACH 153 EAST STREET NEW HAVEN,CT06511	22-3037451	501(C)(3)	69,140	SUBAWARD - SPONSORED RESEARCH
(115) NEW YORK MEDICAL COLLEGE 40 SUNSHINE COTTAGE ROAD VALHALLA,NY10595	13-1099420	501(C)(3)	19,425	SUBAWARD - SPONSORED RESEARCH
(116) NEW YORK UNIVERSITY 105 E 17TH STREET NEW YORK,NY100039580	13-5562308	501(C)(3)	502,097	SUBAWARD - SPONSORED RESEARCH
(117) NORTH CAROLINA STATE UNIVERSITY CAMPUS BOX 7203 RALEIGH,NC276957203	56-6000756	STATE OF NC	7,707	SUBAWARD - SPONSORED RESEARCH
(118) NORTHEAST IOWA MEDICAL EDUCATION FOUNDATION INC 2055 KIMBALL AVENUE WATERLOO,IA50702	42-1058745	501(C)(3)	7,345	SUBAWARD - SPONSORED RESEARCH
(119) NORTHEASTERN UNIVERSITY 360 HUNTINGTON AVENUE BOSTON,MA02115	04-1679980	501(C)(3)	14,999	SUBAWARD - SPONSORED RESEARCH
(120) NORTHERN CALIFORNIA INSTITUTE FOR RESEARCH AND EDUCATION INC 4150 CLEMENT STREET 151NC SAN FRANCISCO,CA94121	94-3084159	501(C)(3)	88,624	SUBAWARD - SPONSORED RESEARCH
(121) NORTHWESTERN UNIVERSITY 633 CLARK ST RM G-547 EVANSTON,IL602081110	36-2167817	501(C)(3)	515,658	SUBAWARD - SPONSORED RESEARCH
(122) OAKLAND UNIVERSITY 529 WILSON HALL ROCHESTER,MI483094401	38-1714400	STATE OF MI	91,406	SUBAWARD - SPONSORED RESEARCH
(123) OCEAN STATE RESEARCH INSTITUTE 830 CHALKSTONE AVENUE 35 PROVIDENCE,RI029084734	05-0440574	501(C)(3)	105,815	SUBAWARD - SPONSORED RESEARCH
(124) OHIO STATE UNIVERSITY 1960 KENNY ROAD COLUMBUS,OH43210	31-6025986	STATE OF OH	28,985	SUBAWARD - SPONSORED RESEARCH
(125) OHIO STATE UNIVERSITY RESEARCH FOUNDATION 1960 KENNY ROAD 4TH FL COLUMBUS,OH432101063	31-6401599	501(C)(3)	10,424	SUBAWARD - SPONSORED RESEARCH
(126) OKLAHOMA MEDICAL RESEARCH FOUNDATION 825 NORTHEAST 13TH STREET OKLAHOMA CITY,OK73104	73-0580274	501(C)(3)	50,257	SUBAWARD - SPONSORED RESEARCH
(127) OREGON HEALTH & SCIENCE UNIVERSITY 2525 SW FIRST AVE STE 220 PORTLAND,OR97201	93-1176109	STATE OF OR	234,801	SUBAWARD - SPONSORED RESEARCH
(128) OREGON STATE UNIVERSITY PO BOX 1086 CORVALLIS,OR973391086	48-1278540	STATE OF OR	87,649	SUBAWARD - SPONSORED RESEARCH
(129) PALO ALTO VETERANS INSTITUTE FOR RESEARCH 3801 MIRANDA AVENUE PALO ALTO,CA943040038	77-0207331	501(C)(3)	18,116	SUBAWARD - SPONSORED RESEARCH
(130) PENNSYLVANIA STATE UNIVERSITY 500 UNIVERSITY DRIVE HERSHEY,PA17033	24-6000376	501(C)(3)	36,557	SUBAWARD - SPONSORED RESEARCH
(131) PHARMASEQ INC 11 DEER PARK DRIVE SUITE 104 MONMOUTH JUNCTION,NJ08852	51-0439937		60,044	SUBAWARD - SPONSORED RESEARCH
(132) PORIFERA INC 3502 BREAKWATER COURT HAYWARD,CA94545	26-2704998		119,652	SUBAWARD - SPONSORED RESEARCH
(133) PRESIDENT AND FELLOWS OF HARVARD COLLEGE PO BOX 415649 BOSTON,MA022415649	04-2103580	501(C)(3)	2,035,582	SUBAWARD - SPONSORED RESEARCH
(134) PROFECTUS BIOSCIENCES INC 6411 BECKLEY STREET SUITE 201 BALTIMORE,MD21224	02-0579416		392,914	SUBAWARD - SPONSORED RESEARCH
(135) PROVIDENCE MEDICAL RESEARCH CENTER 101 WEST 8TH AVENUE SPOKANE,WA992202555	91-1211963	501(C)(3)	20,298	SUBAWARD - SPONSORED RESEARCH
(136) PURDUE UNIVERSITY 610 PURDUE MALL WEST LAFAYETTE,IN47907	35-6002041	501(C)(3)	31,805	SUBAWARD - SPONSORED RESEARCH
(137) RAND CORPORATION 1776 MAIN STREET PO BOX 2138 SANTA MONICA,CA90401	95-1958142	501(C)(3)	98,266	SUBAWARD - SPONSORED RESEARCH
(138) RAYTHEON BBN TECHNOLOGIES CORP PO BOX 4340 BOSTON,MA022114340	41-2126829		205,570	SUBAWARD - SPONSORED RESEARCH
(139) RECOVERY NETWORK OF PROGRAMS INC 2 RESEARCH DR STRATFORD,CT06615	06-0910080	501(C)(3)	231,048	SUBAWARD - SPONSORED RESEARCH
(140) REGENTS OF THE UNIVERSITY OF CA - LAWRENCE BERKELEY NATIONAL LABORATORY 1 CYCLOTRON ROAD BERKELEY,CA94704	94-2951741	501(C)(3)	118,410	SUBAWARD - SPONSORED RESEARCH
(141) REGENTS OF THE UNIVERSITY OF CALIFORNIA AT BERKELEY 2195 HEARST AVENUE BERKELEY,CA947201103	94-6002123	501(C)(3)	17,946	SUBAWARD - SPONSORED RESEARCH
(142) REGENTS OF THE UNIVERSITY OF CALIFORNIA AT IRVINE 1400 BIOLOGICAL SCIENCES 3 IRVINE,CA926971050	95-2226406	501(C)(3)	176,852	SUBAWARD - SPONSORED RESEARCH
(143) REGENTS OF THE UNIVERSITY OF CALIFORNIA AT SAN DIEGO 9500 GILMAN DRIVE LA JOLLA,CA920930949	95-6006144	501(C)(3)	369,626	SUBAWARD - SPONSORED RESEARCH
(144) REGENTS OF THE UNIVERSITY OF CALIFORNIA LOS ANGELES 10920 WILSHIRE BLVD LOS ANGELES,CA90024	95-6006143	501(C)(3)	1,694,665	SUBAWARD - SPONSORED RESEARCH
(145) REGENTS OF THE UNIVERSITY OF CALIFORNIA DAVIS 4860 Y ST STE 3700 SACRAMENTO,CA95817	94-6036494	501(C)(3)	22,419	SUBAWARD - SPONSORED RESEARCH
(146) REGENTS OF THE UNIVERSITY OF CALIFORNIA SAN FRANCISCO PO BOX 0812 SAN FRANCISCO,CA941430812	94-6036493	501(C)(3)	58,135	SUBAWARD - SPONSORED RESEARCH
(147) REGENTS OF THE UNIVERSITY OF COLORADO 12700 E 19TH AVENUE AURORA,CO80045	84-6000555	STATE OF CO	788,413	SUBAWARD - SPONSORED RESEARCH
(148) REGENTS OF THE UNIVERSITY OF MICHIGAN 3003 S SOUTH ST ANN ARBOR,MI481091273	38-6006309	501(C)(3)	454,358	SUBAWARD - SPONSORED RESEARCH
(149) REGENTS OF THE UNIVERSITY OF MINNESOTA PO BOX 1450 MINNEAPOLIS,MN554855957	41-6007513	501(C)(3)	477,054	SUBAWARD - SPONSORED RESEARCH
(150) RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK 35 STATE STREET ALBANY,NY122072826	14-1368361	501(C)(3)	52,194	SUBAWARD - SPONSORED RESEARCH
(151) RTI INTERNATIONAL PO BOX 12194 RESEARCH TRIANGLE PARK,NC27709	56-0686338	501(C)(3)	9,966	SUBAWARD - SPONSORED RESEARCH
(152) RHODE ISLAND HOSPITAL 593 EDDY STREET PROVIDENCE,RI02903	05-0258954	501(C)(3)	192,231	SUBAWARD - SPONSORED RESEARCH
(153) ROCKEFELLER UNIVERSITY 1230 YORK AVENUE NEW YORK,NY100216399	13-1624158	501(C)(3)	263,874	SUBAWARD - SPONSORED RESEARCH
(154) RUSH UNIVERSITY MEDICAL CENTER 1725 WEST HARRISON STREET CHICAGO,IL60612	36-2174823	501(C)(3)	12,562	SUBAWARD - SPONSORED RESEARCH
(155) RUTGERS UNIVERSITY 3 RUTGERS PLAZA 2ND FLR NEW BRUNSWICK,NJ08901	22-6001086	501(C)(3)	361,771	SUBAWARD - SPONSORED RESEARCH
(156) SACRED HEART UNIVERSITY INCORPORATED 5151 PARK AVENUE FAIRFIELD,CT068251000	06-0776644	501(C)(3)	19,872	SUBAWARD - SPONSORED RESEARCH
(157) SAINT FRANCIS MEDICAL CENTER 530 NE GLEN OAK AVENUE PEORIA,IL61637	37-0662569	501(C)(3)	52,984	SUBAWARD - SPONSORED RESEARCH
(158) SANFORD-BURNHAM MEDICAL RESEARCH INSTITUTE 10901 NORTH TORREY PINES ROAD LA JOLLA,CA92037	51-0197108	501(C)(3)	672,205	SUBAWARD - SPONSORED RESEARCH
(159) SEATTLE BIOMEDICAL RESEARCH INSTITUTE 307 WESTLAKE AVENUE SUITE 500 SEATTLE,WA981095219	91-0961784	501(C)(3)	776,302	SUBAWARD - SPONSORED RESEARCH
(160) SEATTLE CHILDREN'S HOSPITAL PO BOX 24728 SEATTLE,WA981240728	91-0564748	501(C)(3)	506,597	SUBAWARD - SPONSORED RESEARCH
(161) SENTARA MEDICAL GROUP 835 GLENROCK ROAD NORFOLK,VA23502	54-1217184	501(C)(3)	12,587	SUBAWARD - SPONSORED RESEARCH
(162) SKIDMORE COLLEGE 815 NORTH BROADWAY SARATOGA SPRINGS,NY12866	14-1338562	501(C)(3)	22,280	SUBAWARD - SPONSORED RESEARCH
(163) SMART POWER INC 1120 CONNECTICUT AVE NW STE 1040 WASHINGTON,DC20036	03-0375454	501(C)(3)	524,869	SUBAWARD - SPONSORED RESEARCH
(164) SMITHSONIAN INSTITUTION PO BOX 37012 WASHINGTON,DC200137012	53-0206027	501(C)(3)	221,905	SUBAWARD - SPONSORED RESEARCH
(165) SOCIAL SCIENCE RESEARCH COUNCIL ONE PIERREPONT PLAZA BROOKLYN,NY11201	13-1325070	501(C)(3)	206,863	SUBAWARD - SPONSORED RESEARCH
(166) SOUTH CAROLINA RESEARCH FOUNDATION 901 SUMTER STREET 5TH FL COLUMBIA,SC29208	57-0967350	501(C)(3)	85,553	SUBAWARD - SPONSORED RESEARCH
(167) SOUTHERN CONNECTICUT STATE UNIVERSITY 501 CRESCENT STREET NEW HAVEN,CT065151355	06-1363115	STATE OF CT	398,044	SUBAWARD - SPONSORED RESEARCH
(168) SOUTHTOWN NEUROLOGY OF WNY PC 3775 SENECA STREET WEST SENECA,NY14224	16-1556670		5,267	SUBAWARD - SPONSORED RESEARCH
(169) SRI INTERNATIONAL PO BOX 2767 MENLO PARK,CA940252767	94-1160950	501(C)(3)	150,648	SUBAWARD - SPONSORED RESEARCH
(170) STANFORD UNIVERSITY 651 SERRA STREET RM 260 STANFORD,CA943054125	94-1156365	501(C)(3)	155,931	SUBAWARD - SPONSORED RESEARCH
(171) STATE OF CONNECTICUT 24 WOLCOTT HILL ROAD WETHERSFIELD,CT061091152	06-6000798	STATE OF CT	150,950	SUBAWARD - SPONSORED RESEARCH
(172) STOWERS INSTITUTE FOR MEDICAL RESEARCH PO BOX 412411 KANSAS CITY,MO641412411	20-2993509	501(C)(3)	308,129	SUBAWARD - SPONSORED RESEARCH
(173) TANNER RESEARCH INC 825 SOUTH MYRTLE AVENUE MONROVIA,CA91016	95-4163780		12,535	SUBAWARD - SPONSORED RESEARCH
(174) TEMPLE UNIVERSITY 3401 N BROAD ST 1007 JONES HALL PHILADELPHIA,PA19140	23-1365971	501(C)(3)	26,023	SUBAWARD - SPONSORED RESEARCH
(175) TEXAS BIOMEDICAL RESEARCH INSTITUTE PO BOX 760549 SAN ANTONIO,TX78245	74-1109630	501(C)(3)	483,338	SUBAWARD - SPONSORED RESEARCH
(176) THE BOARD OF TRUSTEE OF THE UNIVERSITY OF ILLINOIS 912 S WOOD STREET CHICAGO,IL60612	37-6000511	501(C)(3)	305,897	SUBAWARD - SPONSORED RESEARCH
(177) THE BROAD INSTITUTE INC 7 CAMBRIDGE CENTER CAMBRIDGE,MA02142	26-3428781	501(C)(3)	218,357	SUBAWARD - SPONSORED RESEARCH
(178) THE BRONX VETERANS MEDICAL RESEARCH FOUNDATION INC 130 WEST KINGSBRIDGE ROAD BRONX,NY10468	13-3699250	501(C)(3)	37,607	SUBAWARD - SPONSORED RESEARCH
(179) THE CHILDREN'S COMMUNITY PROGRAMS OF CT INC 446-A BLAKE STREET NEW HAVEN,CT06515	06-1579606	501(C)(3)	57,258	SUBAWARD - SPONSORED RESEARCH
(180) THE CLEVELAND CLINIC FOUNDATION PO BOX 931562 CLEVELAND,OH441935012	34-0714585	501(C)(3)	45,156	SUBAWARD - SPONSORED RESEARCH
(181) THE COLLEGE OF NEW JERSEY PO BOX 7718 ASB 201 EWING,NJ086280718	22-2797398	STATE OF NJ	19,699	SUBAWARD - SPONSORED RESEARCH
(182) THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN 70 AUDUBON ST NEW HAVEN,CT06510	06-6032106	501(C)(3)	22,400	SUBAWARD - SPONSORED RESEARCH
(183) THE CONSULTATION CENTER INC 389 WHITNEY AVENUE NEW HAVEN,CT06511	06-0923986	501(C)(3)	13,110	SUBAWARD - SPONSORED RESEARCH
(184) THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH 350 COMMUNITY DRIVE MANHASSET,NY11030	11-2673595	501(C)(3)	224,900	SUBAWARD - SPONSORED RESEARCH
(185) THE GENERAL HOSPITAL CORPORATION 50 STANIFORD STREET SUITE 1001 BOSTON,MA02114	04-2697983	501(C)(3)	443,914	SUBAWARD - SPONSORED RESEARCH
(186) THE HEBREW HOME FOR THE AGED AT RIVERDALE 5901 PALISADE AVENUE BRONX,NY10471	13-1739971	501(C)(3)	42,145	SUBAWARD - SPONSORED RESEARCH
(187) THE HOWARD UNIVERSITY 525 BRYANT STREET NW SUITE 100 WASHINGTON,DC20059	53-0204707	501(C)(3)	154,091	SUBAWARD - SPONSORED RESEARCH
(188) THE INGALLS MEMORIAL HOSPITAL ONE INGALLS DRIVE HARVEY,IL60426	36-2170866	501(C)(3)	19,957	SUBAWARD - SPONSORED RESEARCH
(189) THE JOHN B PIERCE LABORATORY INC 290 CONGRESS AVENUE NEW HAVEN,CT065191403	06-0646780	501(C)(3)	136,355	SUBAWARD - SPONSORED RESEARCH
(190) THE METHODIST HOSPITAL RESEARCH INSTITUTE 6565 FANNIN SUITE 802 HOUSTON,TX77030	87-0721923	501(C)(3)	16,157	SUBAWARD - SPONSORED RESEARCH
(191) THE MIND RESEARCH NETWORK 1101 YALE BLVD NE ALBUQUERQUE,NM87106	85-0457562	501(C)(3)	7,811	SUBAWARD - SPONSORED RESEARCH
(192) THE NEBRASKA MEDICAL CENTER 985100 NEBRASKA MEDICAL CENTER OMAHA,NE681985100	91-1858433	501(C)(3)	28,706	SUBAWARD - SPONSORED RESEARCH
(193) THE NEW YORK METHODIST HOSPITAL 263 7TH AVENUE BROOKLYN,NY11215	11-1631796	501(C)(3)	6,102	SUBAWARD - SPONSORED RESEARCH
(194) THE TRUSTEES OF TRINITY COLLEGE 300 SUMMIT STREET HARTFORD,CT06106	06-0646927	501(C)(3)	46,037	SUBAWARD - SPONSORED RESEARCH
(195) THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER 5323 HARRY HINES BLVD DALLAS,TX753909020	75-6002868	STATE OF TX	33,976	SUBAWARD - SPONSORED RESEARCH
(196) THE URBAN INSTITUTE 2100 M STREET NW WASHINGTON,DC20037	52-0880375	501(C)(3)	14,789	SUBAWARD - SPONSORED RESEARCH
(197) TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA 3451 WALNUT STREET PHILADELPHIA,PA191046205	23-1352685	501(C)(3)	590,878	SUBAWARD - SPONSORED RESEARCH
(198) TUFTS MEDICAL CENTER PARENT INC 800 WASHINGTON STREET BOX 453 BOSTON,MA02111	04-2810022	501(C)(3)	51,011	SUBAWARD - SPONSORED RESEARCH
(199) TUFTS UNIVERSITY 169 HOLLAND STREET SOMERVILLE,MA02144	04-2103634	501(C)(3)	81,220	SUBAWARD - SPONSORED RESEARCH
(200) TULANE UNIVERSITY 800 EAST COMMERCE ROAD SUITE 203 HARAHAN,LA70123	72-0423889	501(C)(3)	13,652	SUBAWARD - SPONSORED RESEARCH
(201) UNITED STATES DEPARTMENT OF AGRICULTURE PO BOX 979099 ST LOUIS,MO63179	93-0386945	U.S. GOVERNMENT	16,928	SUBAWARD - SPONSORED RESEARCH
(202) UNIVERSITY OF ALABAMA AT BIRMINGHAM 1530 3RD AVENUE SOUTH BIRMINGHAM,AL352940109	63-6005396	501(C)(3)	69,869	SUBAWARD - SPONSORED RESEARCH
(203) UNIVERSITY OF ARIZONA 1303 E UNIVERSITY BLVD BOX 3 TUCSON,AZ857190521	86-6004791	STATE OF AZ	180,279	SUBAWARD - SPONSORED RESEARCH
(204) UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES 4301 W MARKHAM STREET LITTLE ROCK,AR72205	71-6046242	STATE OF AR	46,978	SUBAWARD - SPONSORED RESEARCH
(205) UNIVERSITY OF CHICAGO 6054 SOUTH DREXEL AVENUE CHICAGO,IL60637	36-2177139	501(C)(3)	81,615	SUBAWARD - SPONSORED RESEARCH
(206) UNIVERSITY OF CINCINNATI PO BOX 691031 CINCINNATI,OH452691031	31-6000989	501(C)(3)	112,941	SUBAWARD - SPONSORED RESEARCH
(207) UNIVERSITY OF CONNECTICUT 343 MANSFIELD ROAD STORRS,CT062692100	06-0772160	STATE OF CT	503,076	SUBAWARD - SPONSORED RESEARCH
(208) UNIVERSITY OF CONNECTICUT HEALTH CENTER 263 FARMINGTON AVENUE FARMINGTON,CT060305335	52-1725543	STATE OF CT	736,740	SUBAWARD - SPONSORED RESEARCH
(209) UNIVERSITY OF DENVER PO BOX 911811 DENVER,CO802911811	84-0404231	501(C)(3)	117,773	SUBAWARD - SPONSORED RESEARCH
(210) UNIVERSITY OF FLORIDA 123 GRINTER HALL PO BOX 113001 GAINESVILLE,FL32611	59-6002052	501(C)(3)	99,681	SUBAWARD - SPONSORED RESEARCH
(211) UNIVERSITY OF GEORGIA RESEARCH FOUNDATION 279 WILLIAMS STREET ATHENS,GA306025333	58-1353149	501(C)(3)	23,534	SUBAWARD - SPONSORED RESEARCH
(212) UNIVERSITY OF HAWAII 2530 DOLE STREET HONOLULU,HI968222303	99-6000354	STATE OF HI	66,461	SUBAWARD - SPONSORED RESEARCH
(213) UNIVERSITY OF IOWA 105 JESSUP HALL IOWA CITY,IA52242	42-6004813	STATE OF IA	302,811	SUBAWARD - SPONSORED RESEARCH
(214) UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION 301 PETERSON SERVICES BUILDING LEXINGTON,KY405060005	61-6033693	501(C)(3)	18,183	SUBAWARD - SPONSORED RESEARCH
(215) UNIVERSITY OF MAINE 5717 CORBETT HALL ORONO,ME044695717	01-6000769	501(C)(3)	49,852	SUBAWARD - SPONSORED RESEARCH
(216) UNIVERSITY OF MARYLAND 3112 LEE BUILDING COLLEGE PARK,MD207425141	52-6002033	STATE OF MD	77,427	SUBAWARD - SPONSORED RESEARCH
(217) UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORP 220 ARCH STREET BALTIMORE,MD212011531	52-1362793	501(C)(3)	44,024	SUBAWARD - SPONSORED RESEARCH
(218) UNIVERSITY OF MASSACHUSETTS 405 GOODELL BUILDING 140 HICKS WAY AMHERST,MA010039272	04-3167352	STATE OF MA	459,506	SUBAWARD - SPONSORED RESEARCH
(219) UNIVERSITY OF MIAMI PO BOX 248106 CORAL GABLES,FL331242912	59-0624458	501(C)(3)	80,329	SUBAWARD - SPONSORED RESEARCH
(220) UNIVERSITY OF NEW MEXICO 1 UNIVERSITY OF NEW MEXICO ALBUQUERQUE,NM871310001	85-6000642	501(C)(3)	15,120	SUBAWARD - SPONSORED RESEARCH
(221) UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 103 SOUTH BUILDING CHAPEL HILL,NC27599	56-6001393	501(C)(3)	105,157	SUBAWARD - SPONSORED RESEARCH
(222) UNIVERSITY OF NOTRE DAME 836A GRACE HALL NOTRE DAME,IN465565612	35-0868188	501(C)(3)	43,874	SUBAWARD - SPONSORED RESEARCH
(223) UNIVERSITY OF PITTSBURGH 116 ATWOOD STREET SUITE 201 PITTSBURGH,PA15260	25-0965591	501(C)(3)	345,317	SUBAWARD - SPONSORED RESEARCH
(224) UNIVERSITY OF PUERTO RICO PO BOX 365067 SAN JUAN,PR009365067	66-0433776	PUERTO RICO	276,272	SUBAWARD - SPONSORED RESEARCH
(225) UNIVERSITY OF RHODE ISLAND 70 LOWER COLLEGE ROAD KINGSTON,RI028810811	05-6000522	STATE OF RI	314,329	SUBAWARD - SPONSORED RESEARCH
(226) UNIVERSITY OF ROCHESTER 601 ELMWOOD AVE BOX 673 ROCHESTER,NY146428670	16-0743209	501(C)(3)	205,057	SUBAWARD - SPONSORED RESEARCH
(227) UNIVERSITY OF SOUTH CAROLINA 1600 HAMPTON STREET SUITE 613 COLUMBIA,SC29208	57-6001153	STATE OF SC	11,624	SUBAWARD - SPONSORED RESEARCH
(228) UNIVERSITY OF SOUTHERN CALIFORNIA 1540 ALCAZAR STREET SUITE 216 LOS ANGELES,CA90033	95-1642394	501(C)(3)	218,531	SUBAWARD - SPONSORED RESEARCH
(229) UNIVERSITY OF TEXAS PO BOX 4390 HOUSTON,TX772104390	74-6000203	STATE OF TX	483,400	SUBAWARD - SPONSORED RESEARCH
(230) UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT SAN ANTONIO 7703 FLOYD CURL DRIVE SAN ANTONIO,TX782293900	74-1586031	STATE OF TX	569,540	SUBAWARD - SPONSORED RESEARCH
(231) UNIVERSITY OF TEXAS MEDICAL BRANCH 301 UNIVERSITY BLVD GALVESTON,TX77555	74-6000949	STATE OF TX	33,318	SUBAWARD - SPONSORED RESEARCH
(232) UNIVERSITY OF THE VIRGIN ISLANDS 2 JOHN BREWERS BAY ST THOMAS,VI008029990	66-0432514	501(C)(3)	115,241	SUBAWARD - SPONSORED RESEARCH
(233) UNIVERSITY OF TOLEDO 3000 ARLINGTON AVENUE TOLEDO,OH436142998	34-6401483	STATE OF OH	7,402	SUBAWARD - SPONSORED RESEARCH
(234) UNIVERSITY OF UTAH 201 S PRESIDENTS CIR RM 406 SALT LAKE CITY,UT841129020	87-6000525	501(C)(3)	20,759	SUBAWARD - SPONSORED RESEARCH
(235) UNIVERSITY OF VERMONT AND STATE AGRICULTURAL COLLEGE 85 SO PROSPECT ST BURLINGTON,VT05401	03-0179440	501(C)(3)	1,059,639	SUBAWARD - SPONSORED RESEARCH
(236) UNIVERSITY OF VIRGINIA PO BOX 400195 CHARLOTTESVILLE,VA229044195	54-6001796	501(C)(3)	184,591	SUBAWARD - SPONSORED RESEARCH
(237) UNIVERSITY OF WASHINGTON 3917 UNIVERSITY WAY N E SEATTLE,WA981056692	91-6001537	STATE OF WA	569,354	SUBAWARD - SPONSORED RESEARCH
(238) UNIVERSITY OF WISCONSIN SYSTEM 21 N PARK ST SUITE 6401 MILWAUKEE,WI537151218	39-1805963	STATE OF WI	210,550	SUBAWARD - SPONSORED RESEARCH
(239) US CIVILIAN RESEARCH AND DEVELOPMENT FOUNDATION 1776 WILSON BLVD 3RD FLOOR ARLINGTON,VA22209	54-1773406	501(C)(3)	213,185	SUBAWARD - SPONSORED RESEARCH
(240) VANDERBILT UNIVERSITY 3319 WEST END AVENUE NASHVILLE,TN372036840	62-0476822	501(C)(3)	175,225	SUBAWARD - SPONSORED RESEARCH
(241) VETERANS BIO-MEDICAL RESEARCH INSTITUTE INC 385 TREMONT AVENUE EAST ORANGE,NJ070181095	22-2995785	501(C)(3)	37,067	SUBAWARD - SPONSORED RESEARCH
(242) VETERANS MEDICAL RESEARCH FOUNDATION OF SAN DIEGO 3350 LA JOLLA VILLAGE DR 151A SAN DIEGO,CA921610001	33-0189397	501(C)(3)	215,887	SUBAWARD - SPONSORED RESEARCH
(243) VIA CHRISTI HOSPITALS WICHITA INC 1100 N ST FRANCIS 300 WICHITA,KS67214	48-1172106	501(C)(3)	29,169	SUBAWARD - SPONSORED RESEARCH
(244) VIRGINIA COMMONWEALTH UNIVERSITY PO BOX 843039 RICHMOND,VA232843039	54-6001758	STATE OF VA	9,043	SUBAWARD - SPONSORED RESEARCH
(245) WASHINGTON UNIVERSITY 660 S EUCLID AVE CAMPUS BOX 8111 ST LOUIS,MO63110	43-0653611	501(C)(3)	97,814	SUBAWARD - SPONSORED RESEARCH
(246) WATERBURY HOSPITAL 140 GRANDVIEW AVENUE SUITE L-02 WATERBURY,CT06708	06-0665979	501(C)(3)	11,173	SUBAWARD - SPONSORED RESEARCH
(247) WAYNE STATE UNIVERSITY PO BOX 02788 DETROIT,MI48202	38-6028429	501(C)(3)	191,258	SUBAWARD - SPONSORED RESEARCH
(248) WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY 575 LEXINGTON AVENUE 9TH FLOOR NEW YORK,NY10022	13-1623978	501(C)(3)	137,882	SUBAWARD - SPONSORED RESEARCH
(249) YALE NEW HAVEN HEALTH SERVICES CORP 1 CHURCH STREET 5TH FLOOR NEW HAVEN,CT06510	22-2529464	501(C)(3)	46,174	SUBAWARD - SPONSORED RESEARCH
(250) ABILIS COMMUNITY FOUNDATION INC 50 GLENVILLE STREET GREENWICH,CT06831	06-1331293	501(C)(3)	125,000	DAF DISTRIBUTIONS
(251) DOCTORS WITHOUT BORDERS 333 SEVENTH AVENUE NO 2ND FL NEW YORK,NY100015004	13-3433452	501(C)(3)	10,000	DAF DISTRIBUTIONS
(252) DONORS TRUST INC 109 NORTH HENRY STREET ALEXANDRIA,VA22314	52-2166327	501(C)(3)	200,000	DAF DISTRIBUTIONS
(253) DOROT INC 171 WEST 85TH STREET NEW YORK,NY10024	13-3264005	501(C)(3)	50,000	DAF DISTRIBUTIONS
(254) WICHITA STATE UNIVERSITY FOUNDATION 1845 FAIRMOUNT CAMPUS WICHITA,KS672600002	48-6121167	501(C)(3)	75,000	DAF DISTRIBUTIONS
(255) AMISTAD ACADEMY INC 403 JAMES STREET NEW HAVEN,CT06513	06-1546695	501(C)(3)	100,000	CHARITABLE CONTRIBUTION
(256) CLIFFORD W BEERS GUIDANCE CLINIC INC 93 EDWARDS STREET NEW HAVEN,CT06511	06-0646757	501(C)(3)	33,186	CHARITABLE CONTRIBUTION
(257) COMMON GROUND HIGH SCHOOL 358 SPRINGSIDE AVENUE NEW HAVEN,CT06515	22-3171185	501(C)(3)	7,500	CHARITABLE CONTRIBUTION
(258) CONNECTICUT ASSOCIATION FOR THE PERFORMING ARTS 55 E STATE STREET COLUMBUS,OH43215	06-1625278	501(C)(3)	125,000	CHARITABLE CONTRIBUTION
(259) CONNECTICUT WOMEN'S HALL OF FAME INC 320 FITCH STREET NEW HAVEN,CT06515	06-1492895	501(C)(3)	10,000	CHARITABLE CONTRIBUTION
(260) DWIGHT HALL AT YALE 67 HIGH STREET NEW HAVEN,CT06510	06-0653140	501(C)(3)	40,531	CHARITABLE CONTRIBUTION
(261) EASTER SEALS GOODWILL INDUSTRIES REHABILITATION CENTER INC 432 WASHINGTON AVENUE NORTH HAVEN,CT06473	23-7431264	501(C)(3)	20,000	CHARITABLE CONTRIBUTION
(262) MARKET NEW HAVEN INC 900 CHAPEL STREET NEW HAVEN,CT06510	06-1578847	501(C)(6)	250,000	CONTRIBUTION
(263) NEIGHBORHOOD HOUSING SERVICES OF NEW HAVEN INC 333 SHERMAN AVENUE NEW HAVEN,CT06511	06-1021268	501(C)(3)	24,000	CHARITABLE CONTRIBUTION
(264) NEW HAVEN INTERNATIONAL FESTIVAL OF ARTS AND IDEAS INC 195 CHURCH STREET 12TH FLOOR NEW HAVEN,CT06510	06-1444222	501(C)(3)	102,000	CHARITABLE CONTRIBUTION
(265) NEW HAVEN YOUTH TENNIS AND EDUCATION 80 SEAVIEW TERRACE GUILFORD,CT06437	27-0772846	501(C)(3)	25,000	CHARITABLE CONTRIBUTION
(266) SCIENCE PARK DEVELOPMENT CORPORATION 25 SCIENCE PARK NEW HAVEN,CT06511	06-1062368	501(C)(3)	30,000	CHARITABLE CONTRIBUTION
(267) TEACH FOR AMERICA INC 315 WEST 36TH STREET 8TH FLOOR NEW YORK,NY10018	13-3541913	501(C)(3)	100,000	CHARITABLE CONTRIBUTION
(268) UNITED WAY OF GREATER NEW HAVEN INC 370 JAMES STREET NEW HAVEN,CT06513	06-0646761	501(C)(3)	100,000	CHARITABLE CONTRIBUTION
(269) THE COMMUNITY FOUNDATION FOR GREATER NEW HAVEN 70 AUDUBON STREET NEW HAVEN,CT06510	06-6032106	501(C)(3)	643,719	SCHOLARSHIPS

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

244

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	(d)Amount of non-cash assistance	(e)Method of valuation (book, FMV, appraisal, other)	(f)Description of non-cash assistance
(1) STIPENDS	3862	67,266,679
(2) SCHOLARSHIPS	7882		249,262,153	COST	TUITION REDUCTION
(3) HEALTH PREMIUM AWARDS	2818		10,122,669	COST	HEALTHCARE
(4) FELLOWSHIPS	981	8,072,149
(5) PRIZES AND AWARDS	1276	3,370,398

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:	WITH RESPECT TO SPONSORED PROJECT ACTIVITY SUBCONTRACTED TO OTHER ENTITIES, THE UNIVERSITY'S POLICY AND PROCEDURES FOR MONITORING GRANTS ARE INTENDED TO ESTABLISH APPROPRIATE AND EFFECTIVE MECHANISMS TO PROMOTE COMPLIANCE WITH FEDERAL AND NON-FEDERAL REQUIREMENTS AND ENSURE THAT THE UNIVERSITY AND ITS SPONSORS RECEIVE VALUE FOR FUNDS EXPENDED. THESE PROCEDURES INCLUDE A FORMAL APPROVAL PROCESS FOR SUBAWARDS, PRE-AWARD AND POST-AWARD MONITORING OF SUB RECIPIENTS TO REVIEW THE FINANCIAL STATUS AND MANAGEMENT CONTROLS, COMPLIANCE CERTIFICATIONS RELATIVE TO THE USE OF HUMAN SUBJECTS AND ANIMALS, AND REQUIRED DISCLOSURE OF ANY CONFLICT OF INTEREST WITH A SUB RECIPIENT ENTITY AND A REVIEW OF PERTINENT OTHER ORGANIZATION INFORMATION. IN ACCORDANCE WITH THESE PROCEDURES, THE UNIVERSITY REVIEWS THE SUB RECIPIENT'S ADMINISTRATION, BILLINGS AND SCIENTIFIC PROGRESS OF AN ACTIVE SUBAWARD AND CONDUCTS ON-GOING RISK ASSESSMENTS AS WELL AS QUARTERLY QUALITY ASSURANCE REVIEWS ON RANDOMLY SELECTED SUBAWARDS. THE PROCEDURES SERVE TO ENSURE THAT THE SUBAWARDS ARE USED FOR PROPER PURPOSES AND NOT DIVERTED FROM THEIR INTENDED USE. THE UNIVERSITY PROVIDES STUDENTS WITH MANY FELLOWSHIP OPPORTUNITIES TO FUND RESEARCH, INDEPENDENT PROJECTS, INTERNSHIPS, VOLUNTEER WORK, COMMUNITY SERVICE, AND STUDY ABROAD. AWARD RECIPIENTS ARE SELECTED BASED ON AN APPLICATION, INCLUDING A PROPOSAL, ESSAYS, BUDGET, ACADEMIC RECORD, AND INTERVIEW, AS APPLICABLE. IN MOST CASES, THE TERMS OF THE AWARD REQUIRE THAT THE RECIPIENT PREPARE AND PRESENT A REPORT OF THE FELLOWSHIP ACTIVITY. FURTHER, CERTAIN FELLOWSHIP RECIPIENTS ARE REQUIRED TO DOCUMENT EXPENSES TO VERIFY THAT THE FELLOWSHIP WAS USED FOR THE PURPOSE INTENDED. SUCH DOCUMENTATION MAY INCLUDE COPIES OF PLANE TICKETS AND BOARDING PASSES, COPIES OF VISAS, RECEIPTS FOR TUITION, LETTERS FROM ORGANIZATIONS VERIFYING THE INTERNSHIP AND DATES, ETC., AS APPROPRIATE.
SCHEDULE I, PART II:	A SUBAWARD IS AN AWARD FROM THE UNIVERSITY TO A QUALIFIED THIRD PARTY PRIMARILY TO PERFORM RESEARCH AND OTHER RELATED PROGRAMMATIC EFFORTS UNDER A SPONSORED RESEARCH PROJECT.
SCHEDULE I, PART III:	THE AMOUNTS REPORTED IN PART III REPRESENT AN ESTIMATE OF TOTAL AWARDS FOR THE FISCAL YEAR ENDED JUNE 30, 2014 BASED ON INFORMATION PROVIDED BY THE UNIVERSITY'S UNDERGRADUATE, GRADUATE AND PROFESSIONAL SCHOOLS. SOME STUDENTS RECEIVED MORE THAN ONE AWARD DURING THE FISCAL YEAR ENDED JUNE 30, 2014.

Schedule I (Form 990) 2013

Additional Data

Software ID:
Software Version:

- 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

YALE UNIVERSITY

Employer identification number

06-0646973

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

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)PETER SALOVEYTRUSTEE AND PRESIDENT	(i) (ii)	711,745 0	0 0	49,229 0	29,033 0	11,013 0	801,020 0	0 0
(2)BRUCE D ALEXANDERVP FOR NEW HAVEN & STATE AFFAIRS	(i) (ii)	477,136 0	0 0	55,882 0	29,345 0	11,340 0	573,703 0	0 0
(3)KIMBERLY M GOFF-CREWSSECRETARY AND VP FOR STUDENT LIFE	(i) (ii)	351,911 0	0 0	17,500 0	34,317 0	8,465 0	412,193 0	0 0
(4)SHAUNA R KINGVP FOR FINANCE & BUSINESS OPERATIONS	(i) (ii)	529,909 0	0 0	29,660 0	29,033 0	15,494 0	604,096 0	0 0
(5)LINDA K LORIMERVP FOR GLOBAL & STRAT. INITIATIVES	(i) (ii)	547,887 0	0 0	29,213 0	29,033 0	17,324 0	623,457 0	0 0
(6)JOAN E O'NEILLVP FOR DEVELOPMENT	(i) (ii)	393,249 0	0 0	47,120 0	29,345 0	50,442 0	520,156 0	0 0
(7)MICHAEL A PEELVP FOR HR & ADMINISTRATION	(i) (ii)	475,930 0	0 0	73,893 0	29,345 0	19,458 0	598,626 0	0 0
(8)BENJAMIN POLAKPROVOST	(i) (ii)	513,612 0	0 0	17,500 0	40,363 0	828 0	572,303 0	0 0
(9)DOROTHY K ROBINSONVP & GENERAL COUNSEL	(i) (ii)	528,125 0	0 0	17,500 0	29,033 0	9,751 0	584,409 0	0 0
(10)ROBERT J ALPERNDEAN SCHOOL OF MEDICINE	(i) (ii)	802,705 0	0 0	17,500 0	29,033 0	3,063 0	852,301 0	0 0
(11)JOHN H BOLLIERAVP FOR FACILITIES	(i) (ii)	355,920 0	0 0	0 0	29,324 0	36,396 0	421,640 0	0 0
(12)RICHARD C LEVINPRESIDENT EMERITUS	(i) (ii)	982,135 0	0 0	121,012 0	29,033 0	16,827 0	1,149,007 0	0 0
(13)RICHARD C LEVINPRESIDENT EMERITUS	(i) (ii)	0 0	0 0	8,503,714 0	0 0	0 0	8,503,714 0	1,916,261 0
(14)SCOTT A STROBELVP WEST CAMPUS PLANNING	(i) (ii)	361,784 0	0 0	17,500 0	29,345 0	23,687 0	432,316 0	0 0
(15)DAVID F SWENSENCHIEF INVESTMENT OFFICER	(i) (ii)	772,329 0	1,873,554 0	430,000 0	454,331 0	38,403 0	3,568,617 0	0 0
(16)DEAN J TAKAHASHISR DIRECTOR INVESTMENTS	(i) (ii)	580,901 0	1,405,165 0	317,500 0	201,889 0	32,767 0	2,538,222 0	0 0
(17)KHALID M ABBEDCHIEF, YALE SPINE INSTITUTE	(i) (ii)	238,968 0	905,300 0	0 0	28,720 0	29,456 0	1,202,444 0	0 0
(18)ANAMIKA KATOCHCLINICIAN, CANCER CENTER	(i) (ii)	450,657 0	677,706 0	17,500 0	32,689 0	768 0	1,179,320 0	0 0
(19)DAVID J LEFFELLPROFESSOR OF DERMATOLOGY	(i) (ii)	738,266 0	667,106 0	17,500 0	29,033 0	45,235 0	1,497,140 0	0 0
(20)THOMAS J RUTHERFORDPROFESSOR, OB/GYN	(i) (ii)	252,577 0	1,229,411 0	13,569 0	28,407 0	11,430 0	1,535,394 0	0 0
(21)TIMOTHY SULLIVANDIRECTOR INVESTMENTS	(i) (ii)	573,920 0	473,027 0	17,500 0	412,366 0	40,454 0	1,517,267 0	0 0
(22)MICHAEL J DONOGHUEFORMER VP WEST CAMPUS PLANNING	(i) (ii)	236,410 0	0 0	17,500 0	28,707 0	22,806 0	305,423 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
PART I, LINE 1A	EACH ONE OF THE BENEFITS THAT WAS CHECKED WAS PROVIDED PURSUANT TO A WRITTEN POLICY. FIRST-CLASS OR CHARTER TRAVEL: ON OCCASION DURING THE CALENDAR YEAR 2013, THE UNIVERSITY CHARTERED PRIVATE AIRCRAFT WHEN DEEMED NECESSARY FOR THE CONDUCT OF UNIVERSITY BUSINESS, PURSUANT TO A CORPORATION POLICY. FOUR OFFICERS TRAVELLED ON SUCH FLIGHTS IN 2013 IN ACCORDANCE WITH THE POLICY. IN ADDITION, ONE KEY EMPLOYEE TRAVELLED ON A FIRST CLASS FLIGHT DURING 2013 DUE TO SPECIAL CIRCUMSTANCES AND AS PERMITTED PURSUANT TO UNIVERSITY POLICY. UNDER APPLICABLE RULES, AMOUNTS FOR SUCH TRAVEL WERE NOT REPORTED AS TAXABLE COMPENSATION TO THE LISTED INDIVIDUALS. TRAVEL FOR COMPANIONS: THE SPOUSES OF TWO OFFICERS ON OCCASION ACCOMPANIED THEM ON UNIVERSITY BUSINESS. THE PRIMARY PURPOSE OF THE TRAVEL WAS TO CONDUCT UNIVERSITY BUSINESS BY REPRESENTING THE UNIVERSITY AT OFFICIAL FUNCTIONS. UNDER APPLICABLE RULES, THE COST OF TRAVEL WAS NOT REQUIRED TO BE REPORTED AS TAXABLE COMPENSATION TO THE LISTED INDIVIDUALS. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: FOUR OFFICERS RECEIVED TAX GROSS-UP PAYMENTS DURING THE CALENDAR YEAR 2013 FOR CERTAIN LIMITED TAXABLE BENEFITS BASED ON THEIR ESTIMATED RELATED TAX OBLIGATIONS. THESE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION TO THE LISTED INDIVIDUALS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: TWO OFFICERS WERE PROVIDED UNIVERSITY RESIDENCES FOR PERSONAL USE DURING THE CALENDAR YEAR 2013. THE VALUES OF THE RESIDENCES WERE DETERMINED PURSUANT TO IRC SECTION 119(D), AS REQUIRED, AND TREATED AS TAXABLE COMPENSATION. IN ADDITION, ONE OFFICER RECEIVED A HOUSING ALLOWANCE WHICH WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL DURING CALENDAR YEAR 2013. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE UNIVERSITY PAID ANNUAL CLUB DUES FOR ONE OFFICER. THE AMOUNT WAS TREATED AS TAXABLE COMPENSATION. PERSONAL SERVICES: IN CONNECTION WITH UNIVERSITY BUSINESS ACTIVITY, ONE OFFICER RECEIVED SUPPORT FROM A SERVICE ASSISTANT; THE COST OF PERSONAL SERVICES RENDERED BY THAT ASSISTANT WAS TREATED AS TAXABLE COMPENSATION.
PART I, LINE 4B	CERTAIN LISTED PERSONS PARTICIPATED IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS DURING THE CALENDAR YEAR 2013 AS DESCRIBED BELOW: THE UNIVERSITY PREVIOUSLY AGREED TO SUPPLEMENT THE FORMER PRESIDENT'S RETIREMENT INCOME BY PROVIDING AN ADDITIONAL RETIREMENT BENEFIT EQUAL IN VALUE TO 75% OF HIS FINAL SALARY AS PRESIDENT FOR A POST-RETIREMENT TERM OF 20 YEARS MINUS THE ANNUITY VALUE OF OTHER EMPLOYER-PROVIDED RETIREMENT BENEFITS, SUBJECT TO VESTING CONDITIONS BASED ON CONTINUING SERVICE TO THE UNIVERSITY. THIS ADDITIONAL BENEFIT WAS VESTED AND PAID AS A LUMP SUM IN 2013 AND IS REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III). PRESIDENT LEVIN STEPPED DOWN ON JUNE 30, 2013 AFTER 20 YEARS OF SERVICE AS PRESIDENT OF THE UNIVERSITY. THE UNIVERSITY PREVIOUSLY AGREED TO SUPPLEMENT THE RETIREMENT INCOME FOR TWO KEY EMPLOYEES IN THE INVESTMENTS OFFICE BY PROVIDING AN ADDITIONAL RETIREMENT BENEFIT EQUAL IN VALUE TO A PERCENTAGE OF SALARY AT VESTING, FOR A TERM OF 20 YEARS, SUBJECT TO VESTING CONDITIONS BASED ON CONTINUING SERVICE TO THE UNIVERSITY. AN ANNUAL ACCRUAL FOR THE ADDITIONAL RETIREMENT BENEFITS IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C). IN ADDITION, THE UNIVERSITY AWARDED BONUSES TO THE TWO PREVIOUSLY MENTIONED EMPLOYEES IN THE INVESTMENTS OFFICE THAT WERE TAXED IN 2013 AND SUBJECT TO DEFERRED PAYMENT WITH ADJUSTMENTS UPWARD OR DOWNWARD DEPENDING ON PERFORMANCE OF THE ENDOWMENT. THESE BONUSES FOR 2013 ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). SCHEDULE J, PART I, LINE 7: THE UNIVERSITY PAID TWO KEY EMPLOYEES IN THE INVESTMENTS OFFICE BONUSES AWARDED UNDER A LONG TERM INCENTIVE COMPENSATION PLAN WHICH PROVIDES FOR PAYMENTS WHICH ARE BASED ON QUALITATIVE AND QUANTITATIVE PERFORMANCE FACTORS. THE PAYMENTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II). THE UNIVERSITY PAID A HIGHLY COMPENSATED EMPLOYEE A BONUS UNDER A LONG TERM INCENTIVE COMPENSATION PLAN WHICH PROVIDES FOR DEFERRED VESTING AND FOR PAYMENT AS DESCRIBED IN THE NOTE TO SCHEDULE J, PART II, COLUMN (C) BELOW. THE CURRENT YEAR PAYMENT THAT WAS AWARDED IN PREVIOUS YEARS IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II). THE AMOUNT AWARDED IN THE CURRENT YEAR BUT SUBJECT TO DEFERRED VESTING IS INCLUDED AS DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN (C). THE UNIVERSITY ALSO PAID FOUR HIGHLY COMPENSATED EMPLOYEES ADDITIONAL COMPENSATION PURSUANT TO CLINICAL INCENTIVE PLANS. THE PAYMENTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II). SCHEDULE J, PART I, LINE 8: THERE WAS ONE KEY EMPLOYEE WITH RESPECT TO WHOM AMOUNTS WERE REPORTED IN PART VII WHERE THOSE AMOUNTS WERE PAID OR ACCRUED PURSUANT TO A CONTRACT THAT WAS SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGS. SECTION 53.4958-4(A)(3). THE COMPENSATION WAS ALSO APPROVED PURSUANT TO PROCESSES CONSISTENT WITH THE REBUTTABLE PRESUMPTION PROCEDURE DESCRIBED IN REGS. SECTION 53.4958-6(C).
SCHEDULE J, PART II (GENERAL NOTES):	COLUMN (C): FOR A HIGHLY COMPENSATED EMPLOYEE LISTED IN SCHEDULE J, THE AMOUNT REPORTED IN COLUMN (C) INCLUDES AMOUNTS SUBJECT TO VESTING, CONTINGENT ON THE PERFORMANCE OF FUTURE SERVICES AND MAY CHANGE UPWARD OR DOWNWARD DEPENDING ON PERFORMANCE OF THE ENDOWMENT PRIOR TO VESTING AND PAYMENT. THE FINAL AMOUNT WILL BE REPORTED IN COLUMN (B)(II) OF SCHEDULE J, FORM 990, FOR THE YEAR IN WHICH THE COMPENSATION IS PAID. COLUMN (D): IN ADDITION TO THE EMPLOYER COST OF HEALTH, DENTAL AND OTHER NONTAXABLE BENEFITS AVAILABLE ON A NONDISCRIMINATORY BASIS, COLUMN (D) INCLUDES AMOUNTS AWARDED AS SCHOLARSHIP GRANTS TO CHILDREN OF EMPLOYEES UNDER THE UNIVERSITY'S NONDISCRIMINATORY QUALIFIED TUITION REDUCTION PLAN COVERING ALL ELIGIBLE FACULTY AND STAFF WITH SIX OR MORE YEARS OF SERVICE. COLUMN (F): COMPENSATION REPORTED IN PRIOR FORM 990: THIS AMOUNT IS ALSO INCLUDED IN COLUMN (E). IT IS, THEREFORE, DOUBLE REPORTED IN PART II AND DOES NOT REPRESENT ADDITIONAL COMPENSATION.

Schedule J (Form 990) 2013

Additional Data

Software ID:
Software Version:

- 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
YALE UNIVERSITY

Employer identification number
06-0646973

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	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774LZC2	01-08-2003	250,000,000	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
B	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774L6B6	10-05-2005	211,030,000	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
C	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774L6C4	10-05-2005	100,000,000	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
D	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774UPP4	10-04-2007	414,292,000	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774UPQ2	10-04-2007	200,000,000	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774UU60	02-24-2010	579,984,034	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774YPD3	07-02-2013	100,000,000	TO FULLY REDEEM CHEFA SERIES X1 BONDS ISSUED 1/2003		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired . . . . . . . . . . . . . .
2 Amount of bonds legally defeased . . . . . . . . . . .
3 Total proceeds of issue . . . . . . . . . . . . . .	252,221,323		219,949,777		104,887,356		424,106,796
4 Gross proceeds in reserve funds . . . . . . . . . . . .
5 Capitalized interest from proceeds . . . . . . . . . . .
6 Proceeds in refunding escrows . . . . . . . . . . . .
7 Issuance costs from proceeds . . . . . . . . . . . .
8 Credit enhancement from proceeds . . . . . . . . . . .
9 Working capital expenditures from proceeds . . . . . . . . .
10 Capital expenditures from proceeds . . . . . . . . . . .	252,221,323		219,949,777		104,887,356		424,106,796
11 Other spent proceeds . . . . . . . . . . . . . .	89,516,817		89,516,817		100,000,000
12 Other unspent proceeds . . . . . . . . . . . . . .
13 Year of substantial completion . . . . . . . . . . . .	2009		2012		2012		2012
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue? . . . . .		X		X		X		X
15 Were the bonds issued as part of an advance refunding issue? . . . . .		X		X		X		X
16 Has the final allocation of proceeds been made? . . . . . . . .	X		X		X		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . .	X		X		X		X

Part III

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .		X		X		X		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 . . . . . . .	0.100 %		0 %		0 %		0 %
6 Total of lines 4 and 5 . . . . . . . . . . . . .	0.100 %		0 %		0 %		0 %
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 . . . . . . . . . .
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 . . . . . . . . . .
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 I, BOND ISSUE, COLUMN (F):

CHEFA BONDS ISSUED 2/24/2010 (CUSIP# 20774UU60) - AND TO DEFEASE CHEFA SERIES W BONDS ISSUED 4/2002. SCHEDULE K, PART II, PROCEEDS, QUESTION 3: TOTAL PROCEEDS OF ISSUE REPRESENT THE ISSUE PRICE (PART I, COLUMN (E)) PLUS ANY INVESTMENT EARNINGS. SCHEDULE K, PART III, PRIVATE BUSINESS USE, QUESTION 3B: DURING THE 12-MONTH PERIOD USED TO REPORT ON THE BOND ISSUES, THE ORGANIZATION ROUTINELY REVIEWED ANY MANAGEMENT OR SERVICE CONTRACTS RELATING TO THE FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS TRAINED BY COUNSEL. SCHEDULE K, PART III, PRIVATE BUSINESS USE, QUESTION 3D: DURING THE 12-MONTH PERIOD USED TO REPORT ON THE BOND ISSUES, THE ORGANIZATION ROUTINELY REVIEWED RESEARCH AGREEMENTS RELATING TO THE FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS TRAINED BY COUNSEL. SCHEDULE K, PART III, PRIVATE BUSINESS USE, QUESTIONS 4-5: IN CERTAIN CASES, A BOND ISSUE WITH AN ENTRY OF .00% MAY HAVE FINANCED PROPERTY WITH SOME PRIVATE BUSINESS USE. IN EACH OF THESE CASES, THE PRIVATE BUSINESS USE PERCENTAGE OF THE BOND ISSUE WAS LESS THAN 0.05% AS THE AMOUNTS ARE ROUNDED TO THE NEAREST TENTH OF A PERCENTAGE POINT, PURSUANT TO THE INSTRUCTIONS. SCHEDULE K, PART III, PRIVATE BUSINESS USE, QUESTIONS 4-6, BOND B, SECOND PAGE - CHEFA BONDS ISSUED 02/24/10 (CUSIP# 20774UU60): A PORTION OF THE BOND ISSUE WAS A CURRENT REFUNDING OF A PRE-2003 ISSUE, ONLY THE PRIVATE BUSINESS USE PERTAINING TO THE NEW MONEY PORTION OF THE 02/24/10 ISSUE IS REPORTED. SCHEDULE K, PART IV, ARBITRAGE, QUESTION 2C, BOND B, SECOND PAGE - CHEFA BONDS ISSUED 02/24/10 (CUSIP# 20774UU60): A PORTION OF THE BOND ISSUE RELATING TO THE CONSTRUCTION FUND IS SUBJECT TO REBATE. THE REBATE LIABILITY COMPUTED AT JUNE 30, 2014 WAS NEGATIVE. SCHEDULE K, PART IV, ARBITRAGE, QUESTION 3, BOND A, SECOND PAGE - CHEFA BOND ISSUED 10/04/07 (CUSIP# 20774UPQ2): PURSUANT TO THE INSTRUCTIONS FOR PART IV, QUESTION 3, A VARIABLE RATE ISSUE IS AN ISSUE CONTAINING A BOND WITH A YIELD NOT FIXED AND DETERMINABLE ON THE ISSUE DATE. THE BOND ISSUE WAS CONVERTED TO A FIXED RATE IN 2008.

Schedule K (Form 990) 2013

Additional Data

Software ID:
Software Version:

- 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
YALE UNIVERSITY

Employer identification number
06-0646973

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	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774LZC2	01-08-2003	250,000,000	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
B	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774L6B6	10-05-2005	211,030,000	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
C	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774L6C4	10-05-2005	100,000,000	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
D	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774UPP4	10-04-2007	414,292,000	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774UPQ2	10-04-2007	200,000,000	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774UU60	02-24-2010	579,984,034	TO FINANCE FACILITIES, ADDITIONS, IMPROVEMENTS, AND RENOVATIONS		X		X		X
	STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY	06-0806186	20774YPD3	07-02-2013	100,000,000	TO FULLY REDEEM CHEFA SERIES X1 BONDS ISSUED 1/2003		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired . . . . . . . . . . . . . .
2 Amount of bonds legally defeased . . . . . . . . . . .
3 Total proceeds of issue . . . . . . . . . . . . . .	252,221,323		219,949,777		104,887,356		424,106,796
4 Gross proceeds in reserve funds . . . . . . . . . . . .
5 Capitalized interest from proceeds . . . . . . . . . . .
6 Proceeds in refunding escrows . . . . . . . . . . . .
7 Issuance costs from proceeds . . . . . . . . . . . .
8 Credit enhancement from proceeds . . . . . . . . . . .
9 Working capital expenditures from proceeds . . . . . . . . .
10 Capital expenditures from proceeds . . . . . . . . . . .	252,221,323		219,949,777		104,887,356		424,106,796
11 Other spent proceeds . . . . . . . . . . . . . .	89,516,817		89,516,817		100,000,000
12 Other unspent proceeds . . . . . . . . . . . . . .
13 Year of substantial completion . . . . . . . . . . . .	2009		2012		2012		2012
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue? . . . . .		X		X		X		X
15 Were the bonds issued as part of an advance refunding issue? . . . . .		X		X		X		X
16 Has the final allocation of proceeds been made? . . . . . . . .	X		X		X		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . .	X		X		X		X

Part III

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .		X		X		X		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 . . . . . . .	0.100 %		0 %		0 %		0 %
6 Total of lines 4 and 5 . . . . . . . . . . . . .	0.100 %		0 %		0 %		0 %
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 . . . . . . . . . .
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 . . . . . . . . . .
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 I, BOND ISSUE, COLUMN (F):

Schedule K (Form 990) 2013

Additional Data

Software ID:
Software Version:

- 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

YALE UNIVERSITY

Employer identification number

06-0646973

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) SCOTT STROBEL	(PART V) KEY EMPLOYEE	HOUSING		X	100,000	97,956		No		No	Yes
(2) SCOTT STROBEL	(PART V) KEY EMPLOYEE	HOUSING		X	100,000	100,000		No		No	Yes
(3) ROBERT BLOCKER	(PART V) DISQUALIFIED PERSON	HOUSING		X	200,000	8,333		No		No	Yes
(4) T K VANDERLICK	(PART V) DISQUALIFIED PERSON	HOUSING		X	100,000	72,187		No		No	Yes


Total ...... $						278,476

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	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance
(1)	90,306	SCHOLARSHIPS	(SEE PART V)
(2)	200	PRIZE/AWARD	(SEE PART V)

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) ABBOTT LABORATORIES	(SEE PART V) ROBERT ALPERN, A KEY EMPLOYEE, IS A DIRECTOR	283,227	(SEE PART V) PURCHASE OF LABORATORY SUPPLIES IN THE ORDINARY COURSE OF BUSINESS SHOWN. IN ADDITION, THE UNIVERSITY RECEIVED CLINICAL TRIAL INCOME, ROYALTY INCOME, AND OTHER MISCELLANEOUS INCOME IN THE ORDINARY COURSE OF BUSINESS OF $963,318.		No
(2) ABBVIE	(SEE PART V) ROBERT ALPERN, A KEY EMPLOYEE, IS A DIRECTOR	2,597,230	(SEE PART V) SPONSORED RESEARCH REVENUE, CLINICAL TRIAL INCOME, ROYALTY INCOME, AND OTHER MISCELLANEOUS INCOME IN THE ORDINARY COURSE OF BUSINESS.		No
(3) AMERICAN EXPRESS	(SEE PART V) RICHARD LEVIN, A KEY EMPLOYEE, IS A DIRECTOR	665,840	(SEE PART V) PURCHASE OF TRAVELERS CHECKS AND TRAVEL SERVICE FEES PAID IN THE ORDINARY COURSE OF BUSINESS.		No
(4) BAIN PRIVATE EQUITY FUNDS	(SEE PART V) JOSHUA BEKENSTEIN, A TRUSTEE, IS A MANAGING DIRECTOR	112,285,460	(SEE PART V) CAPITAL CONTRIBUTIONS SHOWN. IN ADDITION, THE UNIVERSITY RECEIVED DISTRIBUTIONS OF $269,289,411 IN THE ORDINARY COURSE OF BUSINESS.		No
(5) BRIGHT HORIZONS	(SEE PART V) JOSHUA BEKENSTEIN, A TRUSTEE, IS A DIRECTOR	105,787	(SEE PART V) PROFESSIONAL SERVICE FEES PAID IN THE ORDINARY COURSE OF BUSINESS.		No
(6) GENERAL ELECTRIC COMPANY	(SEE PART V) DOUGLAS WARNER III, A TRUSTEE, IS A DIRECTOR	2,693,783	(SEE PART V) SYSTEM MAINTENANCE AND SUPPORT FEES AND THE PURCHASE OF OTHER GOODS AND SERVICES IN THE ORDINARY COURSE OF BUSINESS SHOWN. IN ADDITION, THE UNIVERSITY RECEIVED SPONSORED RESEARCH REVENUE, CLINICAL TRIAL INCOME, AND ROYALTY INCOME IN THE ORDINARY COURSE OF BUSINESS OF $364,310.		No
(7) PEPSICO	(SEE PART V) INDRA NOOYI, A TRUSTEE, IS CHAIRMAN AND CEO	340,846	(SEE PART V) FOOD AND BEVERAGE PURCHASES FROM PEPSICO AND ITS DIVISIONS IN THE ORDINARY COURSE OF BUSINESS.		No
(8) THE MCGRAW-HILL COMPANIES	(SEE PART V) LINDA LORIMER, AN OFFICER, IS A DIRECTOR	506,296	(SEE PART V) S&P RATINGS AND PUBLICATION PURCHASES IN THE ORDINARY COURSE OF BUSINESS.		No
(9) UNITED EDUCATORS INSURANCE	(SEE PART V) KIMBERLY GOFF-CREWS, AN OFFICER, IS A DIRECTOR	1,026,513	(SEE PART V) INSURANCE PREMIUM PAYMENTS IN THE ORDINARY COURSE OF BUSINESS.		No
(10) JANE LEVIN	(SEE PART V) SPOUSE OF RICHARD LEVIN, A KEY EMPLOYEE	94,363	(SEE PART V) COMPENSATION AND BENEFITS, INCLUDING FACULTY SERVICES AS SENIOR LECTURER.		No
(11) STEFANIE MARKOVITS	(SEE PART V) SPOUSE OF BENJAMIN POLAK, AN OFFICER	139,301	(SEE PART V) COMPENSATION AND BENEFITS, PROFESSOR OF ENGLISH.		No
(12) MARTA MORET	(SEE PART V) SPOUSE OF PETER SALOVEY, AN OFFICER	30,510	(SEE PART V) COMPENSATION AND BENEFITS, ASSOCIATE.		No
(13) PATRICIA PREISIG	(SEE PART V) SPOUSE OF ROBERT ALPERN, A KEY EMPLOYEE	182,673	(SEE PART V) COMPENSATION AND BENEFITS, PROFESSOR, MEDICINE (NEPHROLOGY) AND CELLULAR AND MOLECULAR PHYSIOLOGY.		No
(14) WENDY SHARP	(SEE PART V) SPOUSE OF DEAN TAKAHASHI, A KEY EMPLOYEE	95,182	(SEE PART V) COMPENSATION AND BENEFITS, DIRECTOR OF CHAMBER MUSIC, LECTURER SCHOOL OF MUSIC.		No

Part V

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

Return Reference	Explanation
SCHEDULE L, PART II	ALL LOANS REPORTED ON SCHEDULE L, PART II WERE MADE AND APPROVED PURSUANT TO UNIVERSITY COMPENSATION POLICIES.
SCHEDULE L, PART III	THE SCHOLARSHIP GRANTS REPRESENT AMOUNTS AWARDED TO INTERESTED PERSONS UNDER THE UNIVERSITY'S NONDISCRIMINATORY QUALIFIED TUITION REDUCTION PLAN COVERING ALL ELIGIBLE FACULTY AND STAFF WITH SIX OR MORE YEARS OF SERVICE. IN ADDITION, A PRIZE/AWARD WAS AWARDED TO AN INTERESTED PERSON.
SCHEDULE L, PART IV	TRANSACTIONS WITH ENTITIES WHOLLY OWNED, DIRECTLY OR INDIRECTLY, AND LISTED ON SCHEDULE R ARE NOT REPORTED ALTHOUGH YALE OFFICERS OR KEY EMPLOYEES MAY SERVE (WITHOUT COMPENSATION) AS OFFICERS OR DIRECTORS OF SUCH ENTITIES.

Schedule L (Form 990 or 990-EZ) 2013

Additional Data

Software ID:
Software Version:

- 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

YALE UNIVERSITY

Employer identification number

06-0646973

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	71	0
2 Art—Historical treasures .	X	2	0
3 Art—Fractional interests ..
4 Books and publications ..	X		0
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....	X	2	0
8 Intellectual property ...
9 Securities—Publicly traded .	X	969	50,492,688	FAIR VALUE
10 Securities—Closely held stock .	X	4	968,089	SALE OF COMP. PROPERTY
11 Securities—Partnership, LLC, or trust interests ....	X	4	7,422,195	SALE OF COMP. PROPERTY
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .	X	2	0
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....	X	16	0
19 Food inventory ...	X	1	0
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( EQUIPMENT )	X	5	0
26 Other ( MUSICAL INSTR )	X	1	0
27 Other ( SOFTWARE LIC. )	X	1	0
28 Other ( )

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
PART I, COLUMN (B):	AMOUNTS REPRESENT THE NUMBER OF NON-CASH CONTRIBUTIONS RECEIVED AND RECORDED IN THE CENTRAL CONTRIBUTION DATABASE OF THE UNIVERSITY.
PART I, LINE 32B:	OCCASIONALLY, THE UNIVERSITY ENGAGES THIRD PARTIES (E.G., REAL ESTATE BROKERS, AUCTION HOUSES, INVESTMENT BROKERS, ETC.) TO SELL CERTAIN NON-CASH CONTRIBUTIONS.
PART I, LINE 33:	PURSUANT TO ACCOUNTING STANDARDS CODIFICATION 958 (ASC 958), THE UNIVERSITY DOES NOT CAPITALIZE ITS COLLECTIONS, INCLUDING WORKS OF ART, LITERARY WORKS, HISTORICAL TREASURES AND ARTIFACTS THAT ARE MAINTAINED IN ITS MUSEUMS AND LIBRARIES. NON-CASH CONTRIBUTIONS OF THIS NATURE ARE, THEREFORE, NOT RECOGNIZED AS REVENUE FOR FINANCIAL STATEMENT PURPOSES. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH AND THE FURTHERANCE OF PUBLIC SERVICE. OTHER NON-CASH CONTRIBUTIONS WITH NO READILY ASCERTAINABLE FAIR VALUE OR WHICH ARE DEEMED IMMATERIAL ARE NOT RECOGNIZED AS REVENUE FOR FINANCIAL STATEMENT PURPOSES.

Schedule M (Form 990) (2013)

Additional Data

Software ID:
Software Version:

- 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

YALE UNIVERSITY

Employer identification number

06-0646973

Return Reference	Explanation
FORM 990, PART I, LINE 6:	TOTAL NUMBER OF VOLUNTEERS: VOLUNTEERS SUPPORT AND BENEFIT THE UNIVERSITY IN A WIDE VARIETY OF ACTIVITIES, PROGRAMS, AND SERVICES. WHILE YALE UNIVERSITY DOES NOT TRACK THE NUMBER OF ITS VOLUNTEERS, THE UNIVERSITY ESTIMATES THAT THE NUMBER OF VOLUNTEERS WAS APPROXIMATELY 7,800 DURING FYE 6/30/14. FORM 990, PART III, LINE 1: DESCRIPTION OF ORGANIZATION MISSION: LIKE ALL GREAT RESEARCH UNIVERSITIES, YALE HAS A TRIPARTITE MISSION: TO CREATE, PRESERVE, AND DISSEMINATE KNOWLEDGE. YALE AIMS TO CARRY OUT EACH PART OF ITS MISSION AT THE HIGHEST LEVEL OF EXCELLENCE, ON PAR WITH THE BEST INSTITUTIONS IN THE WORLD. YALE SEEKS TO ATTRACT A DIVERSE GROUP OF EXCEPTIONALLY TALENTED MEN AND WOMEN FROM ACROSS THE NATION AND AROUND THE WORLD AND TO EDUCATE THEM FOR LEADERSHIP IN SCHOLARSHIP, THE PROFESSIONS, AND SOCIETY.
FORM 990, PART VI, SECTION A, LINE 1	THERE ARE TWO EX-OFFICIO TRUSTEES, THE GOVERNOR OF CONNECTICUT AND THE LIEUTENANT GOVERNOR OF CONNECTICUT. HISTORICALLY, THESE INDIVIDUALS DO NOT PARTICIPATE IN GOVERNANCE ACTIVITIES AT THE UNIVERSITY AND THEY ARE REPORTED AS INDEPENDENT.
FORM 990, PART VI, SECTION A, LINE 4	DURING THE FYE 6/30/14, THE YALE CORPORATION BY-LAWS WERE AMENDED TO CHANGE THE TITLE AND DESCRIPTION OF AN OFFICER POSITION FROM VICE PRESIDENT OF THE UNIVERSITY TO VICE PRESIDENT FOR GLOBAL AND STRATEGIC AFFAIRS. THESE CHANGES ADDED SPECIFICITY TO THE TITLE AND DESCRIPTION OF THE POSITION RATHER THAN SIGNIFICANTLY ALTERING ITS RESPONSIBILITIES.
FORM 990, PART VI, SECTION A, LINE 7A	THE GOVERNING BODY INCLUDES SIX ALUMNI TRUSTEES WHO ARE ELECTED BY THE ALUMNI.
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 WAS REVIEWED BY SENIOR MANAGEMENT. IN ADDITION, THE UNIVERSITY DISTRIBUTED A DRAFT COPY OF FORM 990 TO THE CORPORATION AUDIT COMMITTEE, COMPRISED OF FOUR MEMBERS OF THE UNIVERSITY'S GOVERNING BODY. MEMBERS OF SENIOR MANAGEMENT MET WITH CERTAIN UNIVERSITY OFFICERS AND THE CORPORATION AUDIT COMMITTEE TO DISCUSS THE DRAFT FORM 990 AND ANSWER ANY QUESTIONS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE YALE UNIVERSITY CONFLICT OF INTEREST POLICY OBLIGATES EACH OFFICER, TRUSTEE, AND KEY EMPLOYEE TO PROMPTLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS DEFINED IN THE POLICY. EACH SUCH PERSON MUST SIGN A STATEMENT ANNUALLY AFFIRMING THAT HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTOR AND MEMBERS OF THE COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE INTERESTED PERSON IS EXCUSED FROM THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS MADE, AND IS RECUSED FROM PARTICIPATING IN ANY VOTE ON THE MATTER.
FORM 990, PART VI, SECTION B, LINE 15	THE PROCESS FOR DETERMINING THE COMPENSATION OF THE PRESIDENT INCLUDED INITIAL REVIEW BY THE COMMITTEE ON COMPENSATION (THE COMPENSATION COMMITTEE) OF THE YALE CORPORATION (YALE UNIVERSITY'S GOVERNING BOARD), A RECOMMENDATION VOTED BY THE COMMITTEE TO THE YALE CORPORATION, AND FULL REVIEW AND VOTE BY THE YALE CORPORATION. BOTH REVIEWS INCLUDED REVIEW OF THE COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT OTHER UNIVERSITIES, AS COMPILED BY A PROFESSIONAL COMPENSATION CONSULTANT RETAINED BY THE COMPENSATION COMMITTEE FOR THE PURPOSE, AND REVIEW OF INFORMATION ON SUCH COMPARABLE POSITIONS FROM IRS FORMS 990 FOR SIMILAR ORGANIZATIONS; BOTH REVIEWS CONSIDERED SUCH DATA IN LIGHT OF THE PERFORMANCE OF THE PRESIDENT, WHICH WAS REVIEWED BY THE COMPENSATION COMMITTEE AND BY THE YALE CORPORATION. THE PROCEEDINGS OF THE COMPENSATION COMMITTEE, AND THE PROCEEDINGS OF THE YALE CORPORATION, EACH WERE DOCUMENTED IN MINUTES OF THE RESPECTIVE BODY, CONTEMPORANEOUSLY ADOPTED AND RETAINED IN THE RECORDS OF THE RESPECTIVE BODY, ALONG WITH THE DATA ON COMPARABLE COMPENSATION THAT WAS RELIED UPON. ARRANGEMENTS FOR THE OUTGOING PRESIDENT SIMILARLY WERE REVIEWED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE CORPORATION. THE PROCESS FOR DETERMINING COMPENSATION OF THE OFFICERS CONSISTED OF REVIEW BY THE COMPENSATION COMMITTEE OF THE RECOMMENDATIONS MADE BY THE PRESIDENT, CONSIDERING THE PERFORMANCE OF EACH OFFICER, AND REVIEW OF DATA ON COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS, AS COLLECTED BY A PROFESSIONAL COMPENSATION CONSULTANT THROUGH SURVEYS; THE COMPENSATION COMMITTEE VOTED RECOMMENDATIONS ON COMPENSATION OF SUCH INDIVIDUALS TO THE YALE CORPORATION. THE YALE CORPORATION RECEIVED THE RECOMMENDATIONS OF THE COMPENSATION COMMITTEE, AND DISCUSSED THESE WITH THE PRESIDENT, WHO REVIEWED THE PERFORMANCE OF EACH OFFICER WITH THE YALE CORPORATION, AND ALSO THE COMPARABLE COMPENSATION INFORMATION. THE YALE CORPORATION THEN VOTED ON THE COMPENSATION OF EACH OFFICER. THE PROCEEDINGS OF THE COMPENSATION COMMITTEE AND OF THE CORPORATION EACH WERE DOCUMENTED IN MINUTES CONTEMPORANEOUSLY ADOPTED AND RETAINED IN THE RECORDS OF THE RESPECTIVE BODY, ALONG WITH THE DATA ON COMPARABLE COMPENSATION THAT WAS RELIED UPON. OF THE KEY EMPLOYEES, THE COMPENSATION OF THE DEAN, SCHOOL OF MEDICINE WAS RECOMMENDED BY THE PRESIDENT TO THE COMPENSATION COMMITTEE, AND REVIEWED BY THAT COMMITTEE IN CONJUNCTION WITH ITS REVIEW OF THE PERFORMANCE OF THE DEAN AND CONSIDERATION OF DATA ON THE COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT OTHER INSTITUTIONS COMPILED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE VOTED TO APPROVE THE COMPENSATION, AND CONTEMPORANEOUSLY DOCUMENTED ITS PROCEEDINGS IN MINUTES RETAINED IN ITS RECORDS ALONG WITH THE COMPENSATION DATA RELIED UPON. WITH RESPECT TO THE CHIEF INVESTMENTS OFFICER AND SENIOR DIRECTOR OF INVESTMENTS, THE COMPENSATION COMMITTEE VOTED TO APPROVE THE COMPENSATION AFTER CONSIDERATION OF THE RECOMMENDATIONS OF THE PRESIDENT AND OF THE FOLLOWING: REVIEW OF THE PERFORMANCE OF EACH, INVESTMENT PERFORMANCE OF THE YALE ENDOWMENT OVER DESIGNATED PERIODS, OTHER PERFORMANCE-RELATED INFORMATION, AND AN ANALYSIS OF THE COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT TAXABLE AND TAX-EXEMPT ORGANIZATIONS PREPARED BY AN INDEPENDENT COMPENSATION CONSULTANT RETAINED FOR THE PURPOSE. THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTED ITS PROCEEDINGS IN MINUTES RETAINED IN ITS RECORDS ALONG WITH THE COMPENSATION DATA RELIED UPON. IN THE CASE OF THE OTHER KEY EMPLOYEES (WITH THE EXCEPTION OF THE OUTGOING PRESIDENT, DISCUSSED ABOVE), COMPENSATION DECISIONS WERE MADE BY THE EMPLOYEE'S SUPERVISOR IN ACCORDANCE WITH UNIVERSITY POLICIES AND PROCEDURES. NO MEMBER OF THE YALE CORPORATION WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO A COMPENSATION ARRANGEMENT DESCRIBED ABOVE (I.E., BY VIRTUE OF A FAMILY OR BUSINESS RELATIONSHIP) PARTICIPATED IN THE COMPENSATION COMMITTEE REVIEW OR THE VOTE OF THE YALE CORPORATION WITH RESPECT TO SUCH COMPENSATION ARRANGEMENT.
FORM 990, PART VI, SECTION C, LINE 19	THE UNIVERSITY'S GOVERNING DOCUMENTS, INCLUDING ANY AMENDMENTS, FINANCIAL STATEMENTS AND STANDARDS OF BUSINESS CONDUCT ARE AVAILABLE ON THE UNIVERSITY'S WEBSITE OR UPON REQUEST.
FORM 990, PART VII, SECTION A:	COMPENSATION AND HOURS FOR A FORMER KEY EMPLOYEE RELATE TO CONTINUING SERVICE IN A NON-KEY EMPLOYEE POSITION. FORM 990, PART VII, SECTION A, COLUMN (A): CONTINUATION OF TITLES FOR EACH LISTED PERSON: PETER SALOVEY: PROFESSOR OF PSYCHOLOGY BRUCE D. ALEXANDER: AND CAMPUS DEVELOPMENT BENJAMIN POLAK: PROFESSOR OF ECONOMICS; PROFESSOR SCHOOL OF MANAGEMENT ROBERT J. ALPERN: PROFESSOR OF MEDICINE RICHARD C. LEVIN: SR. RESEARCH SCHOLAR JACKSON INSTITUTE; PROFESSOR EMERITUS SCHOOL OF MANAGEMENT; PROFESSOR EMERITUS ECONOMICS SCOTT A. STROBEL: AND PROGRAM DEVELOPMENT; PROFESSOR OF MOLECULAR BIOPHYSICS AND BIOCHEMISTRY; PROFESSOR OF CHEMISTRY; HOWARD HUGHES MEDICAL INSTITUTE PROFESSOR KHALID M. ABBED: DIRECTOR, MINIMALLY INVASIVE SPINE SURGERY & SPINE TUMOR SURGERY DAVID J. LEFFELL: AND PROFESSOR OF SURGERY; SECTION CHIEF, DERMATOLOGIC SURGERY AND CUTANEOUS ONCOLOGY THOMAS J. RUTHERFORD: SECTION CHIEF GYNECOLOGIC ONCOLOGY MICHAEL J. DONOGHUE: AND PROGRAM DEVELOPMENT; PROFESSOR OF ECOLOGY AND EVOLUTIONARY BIOLOGY, PROFESSOR SCHOOL OF FORESTRY AND ENVIRONMENTAL STUDIES AND GEOLOGY AND GEOPHYSICS, CURATOR OF BOTANY PEABODY MUSEUM
FORM 990, PART VII, SECTION A, COLUMN (B):	THE NUMBER OF HOURS REPORTED FOR EACH LISTED PERSON IS AN ESTIMATE. THE ESTIMATE FOR TRUSTEES INCLUDES MEETING TIME AND PREPARATION, AS WELL AS ATTENDANCE AT CERTAIN OFFICIAL UNIVERSITY FUNCTIONS DURING THE YEAR, BUT DOES NOT INCLUDE TRAVEL TIME OR ATTENDANCE AT OTHER EVENTS AS TRUSTEES. FORM 990, PART VII, SECTION B, COLUMN (C): THE AMOUNT REPORTED REPRESENTS DIRECT CASH PAYMENTS MADE DURING THE CALENDAR YEAR 2013 TO INDEPENDENT CONTRACTORS FOR SERVICES. FOR CONSTRUCTION SERVICES, THE FEES REPRESENT THE ENTIRE CONTRACT COST. FORM 990, PART IX, LINE 24: OTHER EXPENSES INCLUDE $796,831 OF STATE UNRELATED BUSINESS INCOME TAX.
FORM 990, PART XI, LINE 9:	CHANGE IN FUNDING STATUS OF DEFINED BENEFIT PLANS 53,007,000. ACTUARIAL ADJUSTMENTS FOR SPLIT INTEREST LIABILITY -10,970,082. ROUNDING -1,148.
FORM 990, SCHEDULE B, PART I	CONTRIBUTOR NO. 1: THE CONTRIBUTION REPRESENTS A PLEDGE. IT IS UNKNOWN AT THIS TIME WHETHER THE PLEDGE WILL BE SATISIFIED WITH CASH OR NON-CASH PROPERTY.

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:
Software Version:

- 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

YALE UNIVERSITY

Employer identification number

06-0646973

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) YD SMA LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-3365267	INVESTMENT	DE	2,631,543	279,695,345	YALE UNIVERSITY
(2) BOYLSTON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-3324804	INVESTMENT	DE	0	155,970,690	YALE UNIVERSITY
(3) FENIX I LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2863129	INVESTMENT	DE	364,235	38,810,066	YALE UNIVERSITY
(4) SARDOUS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 02-0580383	INVESTMENT	DE	881,912	23,556,901	YALE UNIVERSITY
(5) HARBOR HILLS INVESTMENTS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0099423	INVESTMENT	DE	99,401	18,576,996	YALE UNIVERSITY
(6) RENAISSANCE I LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2863298	INVESTMENT	DE		10,287,222	YALE UNIVERSITY
(7) WE 2 CHURCH STREET SOUTH LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 80-0066065	INVESTMENT	CT	627,719	9,125,009	YALE UNIVERSITY
(8) ESV HOLDINGS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3980473	INVESTMENT	DE	0	4,058,047	YALE UNIVERSITY
(9) ALPHA 9 LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-0982227	INVESTMENT	CT	0	3,451,348	YALE UNIVERSITY
(10) S PROPERTY HOLDING LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3717440	INVESTMENT	CT	53,125	1,575,007	YALE UNIVERSITY
(11) GSWM INVESTMENTS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3717358	INVESTMENT	CT	30,001	1,107,600	YALE UNIVERSITY
(12) PASSIVE HOLDING LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 22-3783661	INVESTMENT	NJ	0	877,366	YALE UNIVERSITY
(13) 4610 SOUTH 133RD STREET LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0646973	INVESTMENT	NE	0	769,458	YALE UNIVERSITY
(14) AMISTAD PARTNERS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 73-1683601	INVESTMENT	CT	0	599,975	YALE UNIVERSITY
(15) FLATIRON FUNDING II LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 42-1688137	INVESTMENT	DE	52,039	199,767	YALE UNIVERSITY
(16) YALE GLOBAL ENTERPRISES LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-0859961	SUPPORTS HIGHER EDUCATION	CT	0	150,000	YALE UNIVERSITY
(17) 41 NORTH LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1594874	INVESTMENT	DE	0	1,048	YALE UNIVERSITY
(18) 4 MEETING HOUSE ROAD LLC C/O YALE UNIVERSITY PO BOX 208240 NEW HAVEN,CT065208239 06-0646973	INVESTMENT	MA	2,677,953	0	YALE UNIVERSITY
(19) THE UK FRIENDS OF YALE UNIVERSITY LIMITED C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-0552738	ACCEPTS CHARITABLE CONTRIBUTIONS	UK	1,846,750	0	YALE UNIVERSITY
(20) BETA 14 LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-0982129	INACTIVE	CT	0	0	YALE UNIVERSITY
(21) BLUEFIELD TIMBER LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 02-0520556	INVESTMENT	DE	0	0	41 NORTH LLC
(22) ENDURANCE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1606540	INVESTMENT	DE	0	0	YALE UNIVERSITY
(23) MEDICAL PRACTICE MANAGEMENT LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-1545102	ADMINISTRATIVE SERVICES	CT	0	0	YALE UNIVERSITY
(24) YALE EDUCATIONAL CONSULTING (BEIJING) LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-1006940	SUPPORTS HIGHER EDUCATION	CH	0	0	YALE GLOBAL ENTERPRISES LLC
(25) YALE STUDENT INVESTMENT FUND LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-3851735	INVESTMENT	DE	0	0	YALE UNIVERSITY

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) 1970 (DEC02) YALE WILLIAM S BEINEKE LIFE-PINGRY C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 13-6331695	INVESTMENT	IL	501(C)(3)	11, TYPE III-O	YALE UNIVERSITY	Yes
(2) 3C CORPORATION C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 41-2046529	INVESTMENT	DC	501(C)(3)	11, TYPE I	YALE UNIVERSITY	Yes
(3) 5C CORPORATION C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0763050	INVESTMENT	DC	501(C)(3)	11, TYPE I	YALE UNIVERSITY	Yes
(4) ALUMNI FUND ASSOCIATION OF YALE UNIVERSITY C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6078326	ENCOURAGES AND SOLICITS CONTRIBUTIONS TO OR FOR YALE UNIVERSITY	CT	501(C)(3)	11, TYPE I	YALE UNIVERSITY	Yes
(5) ANNE D MILLER FBO FRANK MILLER MEMORIAL SCHOLARSHIP FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6180906	FUNDS SCHOLARSHIPS	CT	4947(A)(1)	11, TYPE III - O	YALE UNIVERSITY	Yes
(6) CHAPEL COMPANY C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1532073	INACTIVE	CT	501(C)(2)	N/A	YALE UNIVERSITY	Yes
(7) CHARLES A COFFIN MEMORIAL FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6034841	SUPPORTS HIGHER EDUCATION	CT	501(C)(3)	11, TYPE III- OTHER	YALE UNIVERSITY	Yes
(8) CHIEF EXECUTIVE LEADERSHIP INSTITUTE OF YALE SCHOOL OF MGMT C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 58-2617787	PROVIDES RESEARCH AND PEER-DRIVEN EDU. PROGRAMS TO BUSINESSES	DE	501(C)(3)	11, TYPE I	YALE UNIVERSITY	Yes
(9) ELIZABETH N ROBB CHARITABLE FOUNDATION C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 77-6238653	INVESTMENT	WV	501(C)(3)	11, TYPE III-O	N/A		No
(10) FW & ELSIE HEYL SCIENCE SCHOLARSHIP FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 38-6194019	SUPPORTS HIGHER EDUCATION	MI	501(C)(3)	11, TYPE III-O	N/A		No
(11) FOUNDING FATHERS PAPERS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 22-2365602	SUPPORTS AND FACILITATES PUBLICATIONS	NJ	501(C)(3)	11, TYPE I	N/A		No
(12) GRUBER FOUNDATION THE C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-1540594	SUPPORTS HIGHER EDUCATION	DE	501(C)(3)	11, TYPE I	YALE UNIVERSITY	Yes
(13) HEALTH BENEFITS HOLDINGS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1559155	INVESTMENT	CT	501(C)(2)	N/A	YALE UNIVERSITY		No
(14) HR PROPERTIES INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1341463	INVESTMENT	CT	501(C)(2)	N/A	YALE UNIVERSITY	Yes
(15) JONATHAN EDWARDS TRUST C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6084676	SUPPORTS HIGHER EDUCATION	CT	501(C)(3)	11, TYPE III-FI	YALE UNIVERSITY	Yes
(16) PAUL MELLON CENTRE FOR STUDIES IN BRITISH ART C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 22-3783661	PROMOTES AND SUPPORTS STUDY OF BRITISH ART AND ARCHITECTURE	UK	501(C)(3)	N/A	YALE UNIVERSITY	Yes
(17) PROSPECT STREET HOLDINGS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1424260	TITLE HOLDING COMPANY	CT	501(C)(2)	N/A	YALE UNIVERSITY	Yes
(18) RICHARD U LIGHT FOUNDATION C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 38-2456949	SUPPORTS EDUCATION	MI	501(C)(3)	11, TYPE I	N/A		No
(19) STAFF RETIREMENT HOLDINGS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1559156	INVESTMENT	CT	501(C)(2)	N/A	YALE UNIVERSITY		No
(20) STOECKEL E B RESIDUE TRUST C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0653108	INVESTMENT	CT	501(C)(3)	11, TYPE III-O	YALE UNIVERSITY	Yes
(21) THE BOARD OF TRUSTEES OF THE SHEFFIELD SCIENTIFIC SCHOOL C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6032565	PROMOTES THE STUDY OF THE PHYSICAL, NATURAL AND MATHEMATICAL SCIENCES	CT	501(C)(3)	11, TYPE II	YALE UNIVERSITY	Yes
(22) YALE ALUMNI PUBLICATIONS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0646970	DISTRIBUTES ALUMNI MAGAZINE	CT	501(C)(3)	11, TYPE III-FI	N/A		No
(23) YALE ALUMNI SCHOLARSHIP OF CLEVELAND INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 34-6523145	FUNDS SCHOLARSHIPS	OH	501(C)(3)	11, TYPE III - FI	N/A		No
(24) YALE CLUB OF CENTRAL NEW JERSEY C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 22-6048686	FUNDS SCHOLARSHIPS	NJ	501(C)(3)	11, TYPE III - O	N/A		No
(25) YALE SCHOLARSHIP FUND OF PITTSBURGH C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 23-7046816	FUNDS SCHOLARSHIPS	PA	501(C)(3)	11, TYPE III - FI	N/A		No
(26) YALE SCHOLARSHIP TRUST OF BOSTON C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-6113108	FUNDS SCHOLARSHIPS	MA	501(C)(3)	11, TYPE III - FI	N/A		No
(27) YALE SOUTHERN OBSERVATORY INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6068906	RESEARCH AND EDUCATION	CT	501(C)(3)	7	YALE UNIVERSITY	Yes
(28) YALE UNIVERSITY ELIZABETHAN CLUB CORP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0332975	PROMOTES APPRECIATION OF LITERATURE AMONG MEMBERSHIP AND COMMUNITY	CT	501(C)(3)	11, TYPE III - FI	YALE UNIVERSITY	Yes
(29) YALE UNIVERSITY PRESS LONDON C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	PUBLISHES SERIOUS WORKS	UK	501(C)(3)		YALE UNIVERSITY	Yes
(30) YALE UNIVERSITY RETIREE HEALTH BENEFITS COVERAGE TRUST C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-6414276	501(A) TRUST THAT SUPPORTS YALE UNIVERSITY	CT	501(C)(3)	11, TYPE II	YALE UNIVERSITY	Yes
(31) YALE- WISCONSIN SCHOLARSHIP FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 39-6065573	FUNDS SCHOLARSHIPS	WI	501(C)(3)	11, TYPE III - O	N/A		No
(32) YALE-NEW HAVEN MEDICAL CENTER INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 23-7440891	SUPPORTS JOINT PROGRAMS OF YALE-NEW HAVEN HOSPITAL AND YALE UNIVERSITY	CT	501(C)(3)	11, TYPE III - FI	N/A		No

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) FOURTH CENTURY LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 41-2046537	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	504,935,390	7,751,269,160	Yes		-24,123,417		No	99.800 %
(2) FIFTH CENTURY LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0763076	INVESTMENT	NV	YALE UNIVERSITY	EXCLUDED FROM TAX	435,621,227	5,871,297,306	Yes		1,743,104		No	99.800 %
(3) LAUREL 2008 LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1649501	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	84,968,937	1,627,808,263	Yes		3,772,606		No	99.600 %
(4) 667 LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1609184	INVESTMENT	DE	BBF I HOLDINGS LP	EXCLUDED FROM TAX	76,921,494	728,919,897		No			No	86.230 %
(5) BBF I HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8497574	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	76,921,495	687,297,855		No			No	99.600 %
(6) YB INSTITUTIONAL LIMITED PARTNERSHIP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-3431530	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	62,247,557	668,125,434	Yes		1,100,259		No	99.860 %
(7) LONG TERM VALUE FUND LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-0623624	INVESTMENT	CJ	LAUREL 2008 LP	EXCLUDED FROM TAX	42,742,014	631,674,816	Yes		1,321,016		No	99.600 %
(8) CYR HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0788802	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	22,755,655	528,011,958		No			No	99.600 %
(9) FARALLON CAPITAL INSTITUTIONAL PARTNERS II LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 94-3106692	INVESTMENT	CA	YALE UNIVERSITY	EXCLUDED FROM TAX	32,021,012	443,117,974	Yes		2,541		No	90.920 %
(10) CRS MASTER FUND LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-2658870	INVESTMENT	CJ	CRS FUND LTD	EXCLUDED FROM TAX	88,074,940	412,816,691		No			No	93.350 %
(11) EASTON 2007 LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0627974	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	22,517,269	410,902,274	Yes		856		No	99.600 %
(12) SP II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0697863	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	56,302,200	387,304,453	Yes		-3,859		No	99.600 %
(13) PROSPECT STREET PARTNERS LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 59-3041479	INVESTMENT	FL	YALE UNIVERSITY	EXCLUDED FROM TAX	-4,626,409	305,154,217		No	-27,310		No	78.490 %
(14) YELLOW WARBLER LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0342603	INVESTMENT	TX	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-52,220,673	233,844,639		No			No	98.120 %
(15) YHG INVESTMENT LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	GAOLING YALI FEEDER LTD	EXCLUDED FROM TAX	11,097,672	231,527,982		No			No	75.940 %
(16) NOGA PARTNERS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1192059	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	9,063,634	199,655,559	Yes		1,098		No	93.290 %
(17) IVP VI HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8699381	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	7,880,655	198,725,517	Yes		-374,339		No	99.600 %
(18) KTOWN LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-4278453	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	11,685,715	182,043,091	Yes				No	96.780 %
(19) KHP FUND II LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5882068	INVESTMENT	CA	FOURTH CENTURY LLC	UNRELATED	-559,739	174,929,365		No	-5,821,389		No	60.180 %
(20) STRATEGIC RESIDENTIAL FUND II LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-3584406	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	55,868,357	153,434,203		No			No	95.000 %
(21) LUXIVER LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-1504333	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	17,698,259	148,825,236		No	-1,357,233		No	97.760 %
(22) NIFL HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8973999	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,246,987	121,361,916		No			No	99.600 %
(23) KHP FUND I LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 65-1232049	INVESTMENT	CA	FOURTH CENTURY LLC	UNRELATED	6,832,168	115,981,206		No	6,628,474		No	58.640 %
(24) JBG INVESTMENT FUND III LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 52-2384738	INVESTMENT	DE	FOURTH CENTURY LLC	UNRELATED	-2,042,709	112,639,241	Yes		-1,541,654		No	59.460 %
(25) JBG INVESTMENT FUND IV LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 01-0815265	INVESTMENT	DE	FOURTH CENTURY LLC	UNRELATED	-848,859	102,483,544		No	-3,473,955		No	59.880 %
(26) TDRC II-A LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5025534	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX		100,826,618		No			No	99.600 %
(27) STRATEGIC RESIDENTIAL FUND I LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-3398268	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	-5,674,736	97,761,908	Yes				No	92.500 %
(28) PEPF IV HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0290250	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	7,878,477	93,461,340		No			No	99.600 %
(29) JPF V HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2008388	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	5,477,263	90,648,770	Yes		-1,605,885		No	99.600 %
(30) LUXIVER NAWAB LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-3117734	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	31,199,565	83,615,868		No			No	100.000 %
(31) AEF 5 US HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4076676	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	12,953,175	83,603,495		No			No	99.600 %
(32) CYR FUND LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0270646	INVESTMENT	DE	CYR HOLDINGS LP	EXCLUDED FROM TAX	2,504,888	78,115,899		No			No	93.270 %
(33) M&H REALTY PARTNERS VI LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 57-1182074	INVESTMENT	CA	FOURTH CENTURY LLC	EXCLUDED FROM TAX	29,050	73,860,723	Yes				No	52.900 %
(34) OMAHA LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CA	OM HOLDINGS LP	EXCLUDED FROM TAX	-2,422,280	71,205,628		No			No	98.600 %
(35) FOXWAY LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-3794906	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	25,785	70,917,024		No			No	99.660 %
(36) BAYROOT LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0390410	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	3,767,589	69,969,002	Yes				No	98.800 %
(37) CAUTHEN VI LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8202030	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-1,910,391	65,603,814		No	-805,625		No	79.840 %
(38) CAUTHEN VII LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-3653027	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	3,000,944	65,118,651		No	410,719		No	79.840 %
(39) RCP II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0444200	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	4,122,314	65,087,586		No			No	99.600 %
(40) AEF 6 US HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2867531	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,910,291	60,961,155	Yes		-205,379		No	99.600 %
(41) WOODWAY LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1206761	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,424,697	60,311,197		No			No	79.840 %
(42) FRC II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1670120	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-405,458	59,676,273		No			No	99.600 %
(43) MEP IX LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 75-2537935	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	52,029,313	58,597,066		No			No	100.000 %
(44) GEF II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0348232	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,258,944	57,747,962		No			No	99.600 %
(45) BCAF HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8453177	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	8,669,132	56,241,064		No			No	99.600 %
(46) JPS HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8909921	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX		54,183,159		No			No	99.600 %
(47) SEDGWICK LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0483594	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	3,304,461	52,174,417		No			No	79.840 %
(48) GHEP III HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3853985	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	4,220,821	47,455,335		No			No	99.600 %
(49) Y2K PARTNERS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 71-1007459	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-13,202,752	46,447,235		No			No	99.800 %
(50) ALAMANCE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2575524	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	288,308	46,220,378		No			No	79.840 %
(51) RIDGEFIELD VIII LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1603389	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	3,577,458	45,681,037		No	560,010		No	79.840 %
(52) LCPF V HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2776532	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-10,010	44,594,229		No			No	99.600 %
(53) OSCEOLA LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2008431	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,638,622	42,743,738		No	-755,709		No	79.840 %
(54) MP-MF HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2099979	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,408,629	41,512,561		No			No	99.600 %
(55) MANASLU FUND LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-0615593	INVESTMENT	CJ	MP-MF HOLDINGS LP	EXCLUDED FROM TAX	2,408,630	41,511,648	Yes				No	98.910 %
(56) ALAMANCE VII LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-2046522	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,006,298	40,673,745		No			No	79.840 %
(57) MERRIWEATHER LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-3664410	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	538,545	39,585,785	Yes				No	99.760 %
(58) YADKIN LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2707395	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,484,191	38,499,946		No			No	79.840 %
(59) GLOSTER LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1263980	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,422,188	38,217,324		No	71,419		No	79.840 %
(60) WYNNWOOD VIII LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-3294405	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	986,903	37,257,254		No	-1,028,108		No	79.840 %
(61) ANACONDA LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CA	FIFTH CENTURY LP	EXCLUDED FROM TAX	-1,551,368	36,950,799		No			No	98.800 %
(62) FIF IV (CFA) HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4764198	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-435,381	35,300,966	Yes		-141		No	99.600 %
(63) RAMSGATE VIII LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5259910	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		35,214,779		No			No	79.840 %
(64) BCVF 2007 HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5965183	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-2,188,213	34,542,157		No			No	99.600 %
(65) RIDGEFIELD LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2022850	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	11,261,496	33,995,802		No			No	79.840 %
(66) CALVERT VI LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1603346	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,114,477	33,344,566		No	-265,468		No	79.840 %
(67) ALDERBROOK LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2939768	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	3,457,976	32,863,917		No	-26,458		No	79.840 %
(68) NLVF II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1545222	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	111,521	32,767,856		No			No	99.600 %
(69) YADKIN III LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2477930	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	7,085,046	31,691,938		No			No	79.840 %
(70) RCP HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2008465	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	9,662,812	30,334,026		No			No	99.600 %
(71) HAWTHORNE III LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0854590	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		29,883,805		No			No	79.840 %
(72) UHLE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3981909	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	292,017	29,627,131		No	124,174		No	79.840 %
(73) CALVERT LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3960036	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX		29,573,185		No			No	79.840 %
(74) SP 8 HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0558478	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	93,639	29,240,308		No			No	99.600 %
(75) WYNNWOOD II LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5548320	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,710,632	29,180,513		No	107,227		No	79.840 %
(76) YADKIN IV LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-1569715	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-182,548	29,163,735		No			No	79.840 %
(77) CAUTHEN VIII LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-2750613	INVESTMENT	DE	FOURTH CENTURY LLC	UNRELATED	125,004	28,496,513		No	231,330		No	79.840 %
(78) ALAMANCE A LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3484520	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	177,421	28,442,913		No			No	79.840 %
(79) HEVP II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1828824	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,402,750	28,243,964		No			No	99.600 %
(80) IRIS 2009 LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-4100777	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,172,100	27,700,614		No			No	99.600 %
(81) RAMSGATE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0419757	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		25,978,691		No			No	79.840 %
(82) MANASLU FUND II LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 98-1158285	INVESTMENT	CJ	FOURTH CENTURY LLC	EXCLUDED FROM TAX		25,932,748		No			No	61.610 %
(83) GARFIELD LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4592367	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	15,220,854	25,309,114		No	1,011		No	79.840 %
(84) RAMSGATE X LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3616177	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		24,777,750		No			No	79.840 %
(85) DENT VI LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2867610	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	774,416	24,707,863		No	-83,075		No	79.840 %
(86) SCOTT LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3616316	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	190,773	24,700,866		No	-114,754		No	79.840 %
(87) WINDOM LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1768804	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	16,587	24,178,095		No	3,951		No	79.840 %
(88) FULTON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0165041	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	8,184,935	24,085,307		No			No	79.840 %
(89) EDMUNDS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4257832	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	815,779	23,778,190		No	45,180		No	79.840 %
(90) RAMSGATE IX LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8833887	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		23,582,722		No			No	79.840 %
(91) TYPHOON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 01-0685132	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	377,933	23,446,178	Yes				No	91.270 %
(92) HEVP HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4982016	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	4,123,368	23,243,823		No			No	99.600 %
(93) ALAMANCE VI LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8558864	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	4,788,464	21,733,018		No			No	79.840 %
(94) VOLTA LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3738749	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-2,256,309	21,612,718		No	-1,449,973		No	79.840 %
(95) DENT LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4202230	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	3,296,288	21,184,222		No			No	79.840 %
(96) ABINGDON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 61-1707283	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	6,760	21,157,196		No	-1,165		No	79.840 %
(97) MACOMB IX LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5025458	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	5,464,381	20,473,265		No	59,138		No	79.840 %
(98) IVA II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2652041	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-2,974,725	19,974,157		No			No	99.600 %
(99) YUMA LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1584783	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,626,642	19,465,152		No			No	79.840 %
(100) FARALLON CAPITAL INSTITUTIONAL PARTNERS 25 LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 94-3388317	INVESTMENT	DE	YALE UNIVERSITY	UNRELATED	-792,936	19,039,265	Yes		-736,892		No	87.350 %
(101) KCF HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8861865	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-483,042	18,997,171		No			No	99.600 %
(102) HUIDIKOPER LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-4196504	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	782,966	18,506,639		No			No	79.840 %
(103) CHICAGO LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CA	FIFTH CENTURY LP	EXCLUDED FROM TAX	-1,021,373	18,352,292		No			No	98.800 %
(104) VOLTA IV LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-0914710	INVESTMENT	DE	FOURTH CENTURY LLC	UNRELATED	951,246	18,292,994		No	718,331		No	79.840 %
(105) WHITEHAVEN X LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-5205346	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	742,828	17,283,804		No			No	79.840 %
(106) OGDEN LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1212114	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	6,112,139	16,966,813		No			No	79.840 %
(107) GLOSTER III LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8833953	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	238,067	16,707,282		No			No	79.840 %
(108) VEITCH LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-0999084	INVESTMENT	DE	FOURTH CENTURY LLC	UNRELATED	-183,387	15,859,457		No	-198,681		No	79.840 %
(109) SANGAMORE III LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0753284	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	826,444	15,173,813		No			No	79.840 %
(110) LORTON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-4238865	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	72,787	14,976,953		No	-24,005		No	79.840 %
(111) YANKEE FOREST LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 04-3384575	INVESTMENT	NH	YALE UNIVERSITY	EXCLUDED FROM TAX	978,063	14,945,680	Yes				No	99.000 %
(112) FRESHET WIND ENERGY LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 33-1200160	INVESTMENT	DE	FWEB LLC	EXCLUDED FROM TAX	-2,355,706	14,436,172		No			No	79.840 %
(113) GOLDSBORO LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1996058	INVESTMENT	NV	FIFTH CENTURY LP	UNRELATED	121,999	14,036,336		No	3,314,793		No	79.840 %
(114) KENWOOD LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 38-3863347	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	91	13,828,731		No			No	79.840 %
(115) UPTON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5778792	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		13,802,047		No			No	79.840 %
(116) QUINN LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-3879664	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-384,594	13,025,613		No			No	79.840 %
(117) CORBIN LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1263962	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	542,614	12,977,924		No	-16,787		No	79.840 %
(118) TILDEN II LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-4210952	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	50,963	12,352,055		No			No	79.840 %
(119) HERNDON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 37-1659934	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	4,932	11,252,600		No			No	79.840 %
(120) RIDGEFIELD IX LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 90-1007364	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	22,797	11,233,895		No			No	79.840 %
(121) WYNNWOOD LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1363230	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	857,627	11,221,031		No	82,036		No	79.840 %
(122) SALINA FORESTRY LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CA	OM HOLDINGS LP	EXCLUDED FROM TAX	-693,138	11,043,684		No			No	98.600 %
(123) BE III HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5495967	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-47,775	10,854,101		No			No	99.600 %
(124) BOF HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5923569	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	642,064	10,785,618	Yes		99,085		No	99.600 %
(125) CAUTHEN LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2776143	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-537,394	10,756,735		No	-47,605		No	79.840 %
(126) WHITEHAVEN LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-3915778	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	380,326	10,688,462		No			No	79.840 %
(127) IVP V COINVESTMENT HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2707519	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	9,219,679	10,180,762		No			No	99.600 %
(128) CLEVELAND LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 90-0743297	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-43,239	9,849,388		No			No	79.840 %
(129) HARBOR HILLS HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 02-0729602	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX		9,721,343		No			No	55.000 %
(130) RADFORD LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-5470954	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		9,478,414		No			No	79.840 %
(131) FILLMORE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-3783115	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	280,762	9,461,740		No			No	79.840 %
(132) SANGAMORE II LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2672293	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	2,391,128	9,100,578		No	-6,641		No	79.840 %
(133) WESTPATH LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2297672	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,808,031	8,682,145		No	-198		No	79.840 %
(134) CORBIN VI LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-0773197	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	277,630	8,659,509		No			No	79.840 %
(135) RAMSGATE IX A LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-1797786	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		8,575,540		No			No	79.840 %
(136) DANVILLE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-3531407	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		8,425,262		No			No	79.840 %
(137) HARBOR HILLS DEVELOPMENT LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 16-1453802	INVESTMENT	DE	HARBOR HILLS HOLDINGS LP	EXCLUDED FROM TAX		8,362,084		No			No	54.450 %
(138) POE LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2765485	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,924,632	8,352,765		No	-273,667		No	79.840 %
(139) DUMBARTON LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3919432	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX		8,146,057		No			No	79.840 %
(140) WILSON LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-2232279	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	56,980	7,553,624		No			No	79.840 %
(141) FESSENDEN LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-2270383	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	3	7,323,280		No			No	79.840 %
(142) ODE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 37-1567347	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	879,030	6,816,288		No			No	79.840 %
(143) MEP IV HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0646713	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	29,866,742	6,311,212		No			No	99.600 %
(144) ARLINGTON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 38-3909979	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		6,199,884		No			No	79.840 %
(145) CRANBROOK LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-3115503	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	213,374	5,822,969		No			No	79.840 %
(146) DENT A LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8725065	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	857,033	5,507,911		No			No	79.840 %
(147) AVON LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4056103	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-112,321	5,357,364		No	10,560		No	79.840 %
(148) ORDWAY LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5189347	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,511,221	4,774,795		No	-71,328		No	79.840 %
(149) VERNON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 80-0904292	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		4,720,540		No			No	79.840 %
(150) KLINGLE LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4592461	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	2,926,909	4,499,299		No	135		No	79.840 %
(151) ECP II HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 26-0151337	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	257,875	4,375,158		No			No	99.600 %
(152) TILDEN III LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-2024260	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	56	3,956,036		No			No	79.840 %
(153) OM HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5073267	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	-3,115,418	3,848,171		No			No	99.600 %
(154) MACOMB VIII LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-5681131	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,494,963	3,836,674		No	-391,455		No	79.840 %
(155) NEWINGTON LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0763113	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,551,583	3,820,935		No			No	79.840 %
(156) LORTON-A LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 45-4239136	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	60,099	3,008,509		No			No	79.840 %
(157) WHITEHAVEN XI LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 37-1738599	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	8	2,976,788		No			No	79.840 %
(158) TILDEN LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8558781	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	1,485,973	2,220,120		No			No	79.840 %
(159) ODE IV LLC C/O YALE UNIVERSITY PO BOX 208240 NEW HAVEN,CT065208239 61-1724296	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		2,191,745		No			No	79.840 %
(160) SF-NEW PARTNERS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 92-0179258	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	297,461	2,100,484		No			No	95.820 %
(161) GREENFIELD LAND PARALLEL PARTNERS I LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-4411467	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	-7,440,989	2,070,211		No	-1,142,565		No	98.800 %
(162) WELBORN LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-1212127	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	672,008	1,863,261		No			No	79.840 %
(163) BARTON LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 35-2497887	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		1,596,800		No			No	79.840 %
(164) BARTON-A LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 61-1732894	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		1,596,800		No			No	79.840 %
(165) CHANDLER LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 32-0438514	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		958,080		No			No	79.840 %
(166) CAUTHEN IX LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-5376519	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX		843,396		No			No	79.840 %
(167) 100 HOWE STREET ASSOCIATES LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1386762	INVESTMENT	CT	YALE UNIVERSITY	EXCLUDED FROM TAX	184,654	495,592	Yes				No	97.080 %
(168) NEWBURN LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0365032	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	10,714,076	430,450		No			No	79.840 %
(169) FARALLON DEPOT INVESTORS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 94-3309848	INVESTMENT	DE	YALE UNIVERSITY	UNRELATED	-147,190	327,316		No	-234,810		No	70.000 %
(170) 4620 ASSOCIATES LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 13-4036667	INVESTMENT	DE	YALE UNIVERSITY	EXCLUDED FROM TAX	98,353	324,271		No			No	83.990 %
(171) HARBOR HILLS UTILITIES LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 16-1453800	INVESTMENT	DE	HARBOR HILLS HOLDINGS LP	UNRELATED	-14,138	222,603		No	-14,138		No	54.450 %
(172) SANGAMORE LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-0357077	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX	7,572,251	217,729		No	-26,956		No	79.840 %
(173) 94 HOWE STREET ASSOCIATES LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1428914	INVESTMENT	CT	YALE UNIVERSITY	EXCLUDED FROM TAX	40,194	149,148	Yes				No	91.930 %
(174) LUNXUS WIND ENERGY LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 33-1200159	INVESTMENT	DE	FOURTH CENTURY LLC	UNRELATED	230,282	142,685		No	230,711		No	79.840 %
(175) HIGHLAND WIND HOLDINGS LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 33-1200162	INVESTMENT	DE	LUNXUS WIND ENERGY LLC	UNRELATED	263,452	110,186		No	263,948		No	71.860 %
(176) STARFAR I PARTNERS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 94-3205101	INVESTMENT	DE	YALE UNIVERSITY	UNRELATED	-11,068	69,547		No	-11,068		No	60.830 %
(177) MORRIS ISLAND PARTNERS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 46-4538290	INVESTMENT	DE	FOURTH CENTURY LLC	EXCLUDED FROM TAX				No			No	93.350 %
(178) SPOP II CP HOLDINGS LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-8685452	INVESTMENT	NV	FIFTH CENTURY LP	EXCLUDED FROM TAX	1,809,723			No			No	99.600 %
(179) HARBOR HILLS COUNTRY CLUB LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 16-1453797	INVESTMENT	DE	HARBOR HILLS HOLDINGS LP	UNRELATED	-219,139	-3,285,368		No	-219,139		No	54.450 %

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) NEW FYI LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	YALE UNIVERSITY	C	130,325,092	1,051,106,977	100.000 %	Yes
(2) CRS FUND LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 90-0314487	INVESTMENT	CJ	CYR HOLDINGS LP	C	126,401,273	457,378,642	99.600 %	Yes
(3) THE CAERULEUS FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	FOURTH CENTURY LLC	C	68,353,339	415,053,463	99.660 %	Yes
(4) GAOLING YALI FEEDER LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	FOURTH CENTURY LLC	C	26,108,658	205,768,695	99.800 %	Yes
(5) FOURTH CENTURY TRUST C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 20-6699631	INVESTMENT	CT	YALE UNIVERSITY	T	33,280,370	192,267,411	100.000 %	Yes
(6) LTR FOCUS FUND C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	MP	YALE UNIVERSITY	C	44,686,649	142,913,895	100.000 %	Yes
(7) PWEB LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3304430	INVESTMENT	DE	FOURTH CENTURY LLC	C	-7,365,870	130,288,266	99.800 %	Yes
(8) YB CAYMAN LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	YB INSTITUTIONAL LP	C	-10,249,378	50,839,389	99.860 %	Yes
(9) ARMINIUS REAL ESTATE OPPORTUNITY FEEDER FUND II LP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	UK	FOURTH CENTURY LLC	C	-684,392	34,313,851	90.730 %	Yes
(10) LP VALUE LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	VQ	YALE UNIVERSITY	C	13,380,980	28,774,807	95.410 %	Yes
(11) 3148591 NOVA SCOTIA LIMITED C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CA	OM HOLDINGS LP	C	152,637	18,481,029	98.600 %	Yes
(12) NCH INVESTORS FUND (YU) CORP C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	FOURTH CENTURY LLC	C	263,238	14,104,464	99.700 %	Yes
(13) CONNECTICUT BOOLA INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0798544	INVESTMENT	CT	YALE UNIVERSITY	C	1,468,840	13,889,822	100.000 %	Yes
(14) FWEB LLC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 27-3304506	INVESTMENT	DE	FOURTH CENTURY LLC	C	1,069	4,779,211	99.800 %	Yes
(15) 3215186 NOVA SCOTIA LIMITED C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CA	OM HOLDINGS LP	C	1,152,743	2,075,151	98.600 %	Yes
(16) 2089841 ONTARIO LIMITED C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CA	FIFTH CENTURY LP	C	7,042	1,766,699	98.800 %	Yes
(17) MANASLU PARTNERS LTD C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	MP-MF HOLDINGS LP	C	781,588	771,814	99.600 %	Yes
(18) HARBOR HILLS COUNTRY CLUB INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 16-1452585	INVESTMENT	DE	HARBOR HILLS HOLDINGS LP	C	13	27,987	55.000 %	Yes
(19) HARBOR HILLS SALES INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 59-3343340	INVESTMENT	FL	HARBOR HILLS HOLDINGS LP	C		550	55.000 %	Yes
(20) DRAMA PRODUCTIONS INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0851103	PERFORMING ARTS	CT	YALE UNIVERSITY	C	906,011	304	100.000 %	Yes
(21) YALE UNIVERSITY HONG KONG TRUST C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	ACCEPTS CHARITABLE CONTRIBUTIONS	HK	YALE UNIVERSITY	T	37,534	25	100.000 %	Yes
(22) YB CAYMAN A LIMITED C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CJ	YB INSTITUTIONAL LP	C	13,125,825		99.860 %	Yes
(23) JOHN E POLLARD TRUST C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-0646973	INVESTMENT	CT	YALE UNIVERSITY	T			100.000 %	Yes
(24) YORK STREET ASSOCIATES INC C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239 06-1174464	INACTIVE	CT	YALE UNIVERSITY	C			100.000 %	Yes
(25) CHARITABLE POOLED INCOME FUNDS (3) C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CT	VARIOUS	T					No
(26) CHARITABLE REMAINDER TRUSTS (62) C/O YALE UNIVERSITY PO BOX 208239 NEW HAVEN,CT065208239	INVESTMENT	CT	YALE UNIVERSITY	T					No

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

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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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

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

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

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

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

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

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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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) 100 HOWE STREET ASSOCIATES LLC	S	192,270	CASH VALUE
(2) 3C CORPORATION	B	2,701,272	CASH VALUE
(3) 3C CORPORATION	S	7,951,234	CASH VALUE
(4) 4620 ASSOCIATES LLC	S	163,432	CASH VALUE
(5) 5C CORPORATION	B	1,249,036	CASH VALUE
(6) 5C CORPORATION	S	3,164,923	CASH VALUE
(7) DRAMA PRODUCTIONS INC	P	906,011	CASH VALUE
(8) FARALLON CAPITAL INSTITUTIONAL PARTNERS 25 LP	B	261,354	CASH VALUE
(9) FARALLON CAPITAL INSTITUTIONAL PARTNERS 25 LP	S	5,889,753	CASH VALUE
(10) FARALLON CAPITAL INSTITUTIONAL PARTNERS II LP	S	28,201,810	CASH VALUE
(11) FARALLON CAPITAL INSTITUTIONAL PARTNERS II LP	B	66,143,909	CASH VALUE
(12) FARALLON DEPOT INVESTORS LLC	S	3,734,512	CASH VALUE
(13) FIFTH CENTURY LP	B	325,396,669	CASH VALUE
(14) FIFTH CENTURY LP	S	873,753,925	CASH VALUE
(15) FOURTH CENTURY LLC	B	1,347,934,938	CASH VALUE
(16) FOURTH CENTURY TRUST	S	1,092,065,204	CASH VALUE
(17) FOXWAY LP	B	100,000,000	CASH VALUE
(18) HARBOR HILLS HOLDINGS LP	B	500,000	CASH VALUE
(19) LP VALUE LTD	S	3,375,432	CASH VALUE
(20) LTR FOCUS FUND	B	70,000,000	CASH VALUE
(21) LUXIVER LP	B	15,000,000	CASH VALUE
(22) LUXIVER NAWAB LP	S	44,196,238	CASH VALUE
(23) NEW FYI LTD	S	30,000,000	CASH VALUE
(24) PAUL MELLON CENTRE FOR STUDIES IN BRITISH ART	B	5,233,574	CASH VALUE
(25) PROSPECT STREET PARTNERS LTD	B	40,000,000	CASH VALUE
(26) SCRIPPS LEAGUE NEWSPAPERS EDUCATION & RESEARCH FUND	C	117,448	CASH VALUE
(27) STOECKEL E B RESIDUE TRUST	C	300,000	CASH VALUE
(28) STRATEGIC RESIDENTIAL FUND I LLC	B	4,532,500	CASH VALUE
(29) STRATEGIC RESIDENTIAL FUND II LLC	S	7,220,000	CASH VALUE
(30) THE BOARD OF TRUSTEES OF THE SHEFFIELD SCIENTIFIC SCHOOL	S	17,115,679	CASH VALUE
(31) THE CHIEF EXECUTIVE LEADERSHIP INSTITUTE OF THE YALE SCHOOL OF MANAGEMENT	C	432,000	CASH VALUE
(32) YALE UNIVERSITY ELIZABETHAN CLUB CORP	Q	73,867	CASH VALUE
(33) YALE UNIVERSITY ELIZABETHAN CLUB CORP	R	536,029	CASH VALUE
(34) YALE UNIVERSITY PRESS LONDON	M	1,710,163	CASH VALUE
(35) YALE UNIVERSITY PRESS LONDON	L	952,370	CASH VALUE
(36) YALE UNIVERSITY RETIREE HEALTH BENEFITS COVERAGE TRUST	Q	26,249,675	CASH VALUE
(37) YALE UNIVERSITY RETIREE HEALTH BENEFITS COVERAGE TRUST	B	7,088,643	CASH VALUE
(38) YB INSTITUTIONAL LIMITED PARTNERSHIP	S	114,671,000	CASH VALUE

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

SCHEDULE R, PART I-V:

NAME, ADDRESS AND EIN: THE FORM 990, SCHEDULE R, LISTS THE NAME OF EACH ENTITY AS OF THE DATE OF THE FORM 990 FILING. SCHEDULE R, PART III: GENERAL NOTE: DISPROPORTIONATE ALLOCATIONS INDICATED IN COLUMN (H) OF PART III GENERALLY RELATE TO I.) A GENERAL PARTNER'S TYPICAL CARRIED INTEREST WITH RESPECT TO PRIVATE FUND INVESTMENTS OR II.) ALLOCATIONS AMONG 501(C)(3) ORGANIZATIONS THAT ARE PARTNERS OR MEMBERS IN AN INVESTMENT ENTITY. SCHEDULE R, PART IV: AS OF JUNE 30, 2014, YALE UNIVERSITY HELD MORE THAN 50% OF THE BENEFICIAL INTERESTS IN 62 CHARITABLE REMAINDER TRUSTS OF WHICH 58 WERE DOMICILED IN CONNECTICUT AND THE REMAINDER WERE DOMICILED IN TENNESSEE, PENNSYLVANIA, MASSACHUSETTS, AND NEW JERSEY. SCHEDULE R, PART V: GENERAL NOTE: THIS SCHEDULE REFLECTS ALL TRANSFERS BY YALE UNIVERSITY TO CORPORATIONS, PARTNERSHIPS, OR OTHER ENTITIES CONTROLLED BY YALE AS DEFINED IN IRC SECTION 512(B)(13) AND RELATED TAX EXEMPT ORGANIZATIONS NOT DESCRIBED IN IRC SECTION 501(C)(3). IN SOME INSTANCES, THESE ENTITIES MADE FURTHER TRANSFERS TO OTHER ENTITIES CONTROLLED BY THEM OR YALE UNIVERSITY. IN ADDITION, THIS SCHEDULE REFLECTS ALL TRANSFERS TO YALE UNIVERSITY BY CORPORATIONS, PARTNERSHIPS, OR OTHER ENTITIES CONTROLLED BY YALE AS DEFINED IN IRC SECTION 512(B)(13) AND RELATED TAX EXEMPT ORGANIZATIONS NOT DESCRIBED IN IRC SECTION 501(C)(3). IN SOME INSTANCES, THESE ENTITIES RECEIVED TRANSFERS FROM OTHER ENTITIES CONTROLLED BY THEM OR YALE UNIVERSITY.

Schedule R (Form 990) 2013

Additional Data

Software ID:
Software Version:

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