TY 2014 Form 990

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)
(1) John F Affleck-Graves PhD Executive VP & Trustee	40.00 .......................1.00	X	X	1,412,972	162,094
(2) Thomas G Burish PhD Provost & Trustee	40.00 .......................0	X	X	460,217	322,908
(3) Rev John I Jenkins CSC PhD President & Trustee	40.00 .......................1.00	X	X	749,012	256,536
(4) Rev Jose E Ahumada F CSC Trustee	2.00 .......................0	X		0	0
(5) Carlos J Betancourt Trustee	2.00 .......................0	X		0	0
(6) John J Brennan Trustee	2.00 .......................0	X		0	0
(7) Stephen J Brogan Trustee	2.00 .......................0	X		0	0
(8) Katie Washington Cole Trustee	2.00 .......................0	X		0	0
(9) Robert Costa Trustee	2.00 .......................0	X		0	0
(10) Scott S Cowen Trustee	2.00 .......................0	X		0	0
(11) Thomas J Crotty Trustee	2.00 .......................0	X		0	0
(12) Karen McCartan DeSantis Trustee	2.00 .......................0	X		0	0
(13) James J Dunne III Trustee	2.00 .......................0	X		0	0
(14) James F Flaherty III Trustee	2.00 .......................0	X		0	0
(15) Celeste Volz Ford Trustee	2.00 .......................0	X		0	0
(16) Stephanie A Gallo Trustee	2.00 .......................0	X		0	0
(17) William M Goodyear Trustee	2.00 .......................0	X		0	0

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(18) Nancy M Haegel Trustee	2.00 .......................0	X					0	0
(19) Enrique Hernandez Jr Trustee	2.00 .......................0	X					0	0
(20) Carol Hank Hoffmann Trustee	2.00 .......................0	X					0	0
(21) Most Rev Daniel R Jenky CSC DD Trustee	2.00 .......................0	X					0	0
(22) John W Jordan II Trustee	2.00 .......................0	X					0	0
(23) Rev James B King CSC Director of Campus Ministry & Trustee	40.00 .......................0	X					97,812	15,330
(24) Hon Diana Lewis Trustee	2.00 .......................0	X					0	0
(25) Thomas G Maheras Trustee	2.00 .......................0	X					0	0
(26) Andrew J McKenna Jr Trustee	2.00 .......................0	X					0	0
(27) Fergal Naughton Trustee	2.00 .......................0	X					0	0
(28) Richard C Notebaert Trustee	2.00 .......................0	X					0	0
(29) Richard A Nussbaum II Trustee	2.00 .......................0	X					0	0
(30) Rev Thomas J O'Hara CSC Trustee	2.00 .......................0	X					0	0
(31) Rev Gerard J Olinger CSC Trustee	2.00 .......................0	X					0	0
(32) Joseph I O'Neill III Trustee	2.00 .......................0	X					0	0
(33) Tim H O'Neill Trustee	2.00 .......................0	X					0	0
(34) Cindy K Parseghian Trustee	2.00 .......................0	X					0	0
(35) J Christopher Reyes Trustee	2.00 .......................0	X					0	0
(36) Martin W Rodgers Trustee	2.00 .......................0	X					0	0
(37) James E Rohr Trustee	2.00 .......................0	X					0	0
(38) Phillip B Rooney Trustee	2.00 .......................0	X					0	0
(39) Shayla Keough Rumely Trustee	2.00 .......................0	X					0	0
(40) Rev Timothy R Scully CSC Professor & Trustee	40.00 .......................0	X					181,992	15,330
(41) William J Shaw Trustee	2.00 .......................0	X					0	0
(42) Phyllis W Stone Trustee	2.00 .......................0	X					0	0
(43) Timothy F Sutherland Trustee	2.00 .......................0	X					0	0
(44) Anne E Thompson Trustee	2.00 .......................0	X					0	0
(45) Sara Martinez Tucker Trustee	2.00 .......................0	X					0	0
(46) Roderick K West Trustee	2.00 .......................0	X					0	0
(47) Hon Ann Claire Williams Trustee	2.00 .......................0	X					0	0
(48) James P Zavertnik Trustee	2.00 .......................0	X					0	0
(49) Marianne Corr JD VP & General Counsel	40.00 .......................1.00		X				500,379	35,378
(50) Scott C Malpass MBA VP & Chief Investment Officer	40.00 .......................0		X				3,906,277	1,450,008
(51) John B Swarbrick Jr Athletic Director	40.00 .......................0			X			1,293,883	311,187
(52) Michael P Brey Head Coach, Basketball	40.00 .......................0				X		918,793	51,384
(53) Michael D Donovan MBA JD Managing Director, Invest.	40.00 .......................0				X		1,697,559	622,746
(54) Brian Kelly Head Coach, Football	40.00 .......................0				X		1,573,156	51,574
(55) Muffet McGraw Head Coach, Basketball	40.00 .......................0				X		1,331,052	46,344
(56) Brian VanGorder Asst. Coach/Coordinator, Football	40.00 .......................0				X		1,054,673	51,483
(57) Charles J Weis Former Head Coach, Football	0.00 .......................0					X	2,054,744	0
(58) Robert J Bernhard PhD VP for Research	40.00 .......................0					X	362,947	45,111
(59) Christine M Maziar PhD VP & Senior Assoc. Provost	40.00 .......................0					X	352,348	34,715
(60) Louis M Nanni MA VP for University Relations	40.00 .......................0					X	616,672	54,074
(61) John A Sejdinaj MBA CCM VP for Finance	40.00 .......................0					X	408,675	45,172

(A) Name and business address	(B) Description of services	(C) Compensation
Barton Malow Company 26500 American Drive Southfield,MI48034	Construction	22,703,337
Shiel Sexton Company Inc 902 North Capitol Avenue Indianapolis,IN46204	Construction	14,905,204
Take Care Employer Solutions Post Office Box 402142 Atlanta,GA30384	Medical	7,541,821
Ziolkowski Construction Inc 4050 Ralph Jones Drive South Bend,IN46628	Construction	7,380,819
JJ White Incorporated 1904 N Kenmore St South Bend,IN46628	Construction	6,025,067
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 185

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 domestic organizations and domestic governments. See Part IV, line 21 ....	20,006,672	20,006,672
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ....	257,307,830	257,307,830
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............	5,683,024	5,683,024
4	Benefits paid to or for members ....	0	0
5	Compensation of current officers, directors, trustees, and key employees ....	9,911,274	2,053,311	7,406,648	451,315
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	0	0	0	0
7	Other salaries and wages ....	477,223,885	397,056,974	58,114,906	22,052,005
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	39,926,215	30,034,851	8,195,833	1,695,531
9	Other employee benefits .......	80,724,122	53,648,482	23,738,568	3,337,072
10	Payroll taxes ...........	27,890,169	22,629,021	3,859,782	1,401,366
11	Fees for services (non-employees):
a	Management ......	0	0	0	0
b	Legal .........	2,941,075	170,696	2,770,379	0
c	Accounting ...........	3,529,405	259,075	3,270,330	0
d	Lobbying ...........	350,272	0	350,272	0
e	Professional fundraising services. See Part IV, line 17	0			0
f	Investment management fees ......	25,750,469	0	25,750,469	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....	27,591,881	21,246,595	5,639,873	705,413
12	Advertising and promotion ....	3,617,885	3,493,464	110,810	13,611
13	Office expenses .......	58,189,031	48,002,787	8,284,841	1,901,403
14	Information technology ......	18,197,970	9,063,583	8,786,047	348,340
15	Royalties ..	534,782	482,766	52,016	0
16	Occupancy ...........	66,815,489	56,475,457	9,364,381	975,651
17	Travel ............	46,484,739	40,635,571	3,453,925	2,395,243
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......	0	0	0	0
19	Conferences, conventions, and meetings ....	6,051,384	4,067,700	1,635,976	347,708
20	Interest ...........	25,652,156	21,410,594	3,465,735	775,827
21	Payments to affiliates .......	0	0	0	0
22	Depreciation, depletion, and amortization .....	61,648,547	56,253,386	5,154,303	240,858
23	Insurance ..............	930,467	899,382	31,085	0
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	Food and entertainment	38,835,192	32,890,220	4,365,682	1,579,290
b	Investment Office expenses	19,189,936	0	19,189,936	0
c	Library books and serials	11,921,749	11,921,749	0	0
d	Study-abroad prgm expenses	4,934,049	4,934,049	0	0
e	All other expenses	14,929,119	12,576,410	1,632,776	719,933
25	Total functional expenses. Add lines 1 through 24e	1,356,768,788	1,113,203,649	204,624,573	38,940,566
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).

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	0	1	0
2	Savings and temporary cash investments .........	94,259,328	2	203,592,795
3	Pledges and grants receivable, net ...........	307,174,842	3	433,467,514
4	Accounts receivable, net .............	29,038,588	4	40,620,170
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
		0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
		0	6
7	Notes and loans receivable, net .............	45,925,267	7	44,692,371
8	Inventories for sale or use ..............	10,027,293	8	8,943,633
9	Prepaid expenses and deferred charges ..........	27,789,112	9	30,720,605
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	2,197,766,032
b	Less: accumulated depreciation .....	10b	682,642,743	1,382,730,153	10c	1,515,123,289
11	Investments—publicly traded securities ..........	1,415,665,370	11	1,749,683,261
12	Investments—other securities. See Part IV, line 11 .....	8,597,286,224	12	8,950,275,998
13	Investments—program-related. See Part IV, line 11 .....	0	13
14	Intangible assets ...............	0	14	6,454,713
15	Other assets. See Part IV, line 11 ...........	9,550,422	15	10,083,367
16	Total assets. Add lines 1 through 15 (must equal line 34)......	11,919,446,599	16	12,993,657,716
	17	Accounts payable and accrued expenses .........	97,140,306	17	157,934,697
18	Grants payable .................	0	18	0
19	Deferred revenue ................	60,820,095	19	42,180,581
20	Tax-exempt bond liabilities .............	356,252,031	20	160,962,541
21	Escrow or custodial account liability. Complete Part IV of Schedule D..	0	21	0
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........	0	22
23	Secured mortgages and notes payable to unrelated third parties ..	52,280,152	23	62,665,188
24	Unsecured notes and loans payable to unrelated third parties ....	260,000,000	24	660,000,000
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................	1,231,648,015	25	1,235,105,406
26	Total liabilities. Add lines 17 through 25.........	2,058,140,599	26	2,318,848,413
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	4,365,744,677	27	4,630,672,063
28	Temporarily restricted net assets ...........	3,822,007,763	28	4,169,034,477
29	Permanently restricted net assets ...........	1,673,553,560	29	1,875,102,763
	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 ...........	9,861,306,000	33	10,674,809,303
34	Total liabilities and net assets/fund balances ........	11,919,446,599	34	12,993,657,716

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

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

University of Notre Dame du Lac

Employer identification number

35-0868188

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 in lines 11a through 11d that describes the type of supporting organization and complete lines 11e, 11f, and 11g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations .............................

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

(i)Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i)Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

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

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2014

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) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....	312,978,519	252,639,060	323,314,461	512,128,943	576,997,138	1,978,058,121
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	312,978,519	252,639,060	323,314,461	512,128,943	576,997,138	1,978,058,121
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						0
6	Public support. Subtract line 5 from line 4.						1,978,058,121

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
7	Amounts from line 4..	312,978,519	252,639,060	323,314,461	512,128,943	576,997,138	1,978,058,121
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	119,388,371	110,477,284	123,503,535	171,385,126	158,770,511	683,524,827
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 VI.)..	4,113,600	5,754,367	5,426,820	6,210,565	6,785,572	28,290,924
11	Total support Add lines 7 through 10.						2,689,873,872

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

3,750,952,332

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

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 6, column (f) divided by line 11, column (f)) .........

73.54 %

Public support percentage for 2013 Schedule A, Part II, line 14 ...............

72.96 %

16a

33 1/3% support test—2014. 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—2013. 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—2014. 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 VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2013. 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 VI 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) 2014

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) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(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) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(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 VI.) ..
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 section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2013 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2014 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2013 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2014. 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—2013. 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) 2014

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Schedule A (Form 990 or 990-EZ) 2014

Page 5

Part IV

Supporting Organizations (continued)

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2014

Page 6

Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1. Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6
7	Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2014

Page 7

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2014 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2014	(iii) Distributable Amount for 2014
1 Distributable amount for 2014 from Section C, line 6
2 Underdistributions, if any, for years prior to 2014 (reasonable cause required--see instructions)
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2014 distributable amount
i Carryover from 2009 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2014 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2014 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2014, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions)
6 Remaining underdistributions for 2014. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions)
7 Excess distributions carryover to 2015. Add lines 3j and 4c.
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......
e From 2014.......

Schedule A (Form 990 or 990-EZ) (2014)

Schedule A (Form 990 or 990-EZ) 2014

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
Schedule A, Part II, Line 10 Other Income	DESCRIPTION - MISC FEES & COMMISSIONS, COLUMN A - 4113600.0, COLUMN B - 5754367.0, COLUMN C - 5426820.0, COLUMN D - 6210565.0, COLUMN E - 6785572.0, COLUMN F - 28290924.0;

Schedule A (Form 990 or 990-EZ) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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

2014

Name of the organization

University of Notre Dame du Lac

Employer identification number

35-0868188

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, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) 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), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions 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 an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 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 an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled 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 totaling $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) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization University of Notre Dame du Lac

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	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) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization University of Notre Dame du Lac

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) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
University of Notre Dame du Lac

Employer identification number

35-0868188

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. 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) (2014)

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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

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

OMB No. 1545-0047

2014

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) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet

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

Name of the organization

University of Notre Dame du Lac

Employer identification number

35-0868188

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) 2014

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) ......	0	0
b	Total lobbying expenditures to influence a legislative body (direct lobbying) .......	421,200	0
c	Total lobbying expenditures (add lines 1a and 1b) ...................	421,200	0
d	Other exempt purpose expenditures ........................	1,103,804,703	0
e	Total exempt purpose expenditures (add lines 1c and 1d) ...............	1,104,225,903	0
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.	1,000,000	0
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................	250,000	0
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 separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2011	(b) 2012	(c) 2013	(d) 2014	(e) Total

2a	Lobbying nontaxable amount		1,000,000	1,000,000	1,000,000	3,000,000

b	Lobbying ceiling amount (150% of line 2a, column(e))					4,500,000

c	Total lobbying expenditures		356,017	411,080	421,200	1,188,297

d	Grassroots nontaxable amount		250,000	250,000	250,000	750,000

e	Grassroots ceiling amount (150% of line 2d, column (e))					1,125,000

f	Grassroots lobbying expenditures		0	0	0	0

Schedule C (Form 990 or 990-EZ) 2014

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, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation
Schedule C, Part II-A, Line 2 501(H) Election	The University of Notre Dame filed Form 5768 (election under section 501(h)) for the fiscal year ending June 30, 2013 and all subsequent tax years and this election was not revoked at any time subsequently.

Schedule C (Form 990 or 990EZ) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

University of Notre Dame du Lac

Employer identification number

35-0868188

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 .........	42
2	Aggregate value of contributions to (during year)	7,336,028
3	Aggregate value of grants from (during year)	1,786,995
4	Aggregate value at end of year ........	47,385,563

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)

Revenue 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:

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

$ 0

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

$ 0

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

Cat. No. 52283D

Schedule D (Form 990) 2014

Page 2

Part III

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

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

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

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

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

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

Yes No

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

			Amount
c	Beginning balance .................................	1c	1,760
d	Additions during the year ..............................	1d	13,608
e	Distributions during the year .............................	1e	15,245
f	Ending balance ...................................	1f	123

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?

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 ....	8,189,096,422	6,959,050,707	6,444,598,397	6,383,343,071	5,340,685,012
b	Contributions ........	244,796,294	211,220,228	109,051,302	162,550,384	167,659,430
c	Net investment earnings, gains, and losses	659,396,671	1,317,009,930	725,521,322	177,082,485	1,115,963,818
d	Grants or scholarships .....	100,189,669	95,629,513	90,722,736	85,386,397	80,194,525
e	Other expenditures for facilities and programs ........	208,718,859	202,554,930	229,397,578	192,991,146	160,770,664
f	Administrative expenses ....	0	0	0	0	0
g	End of year balance ......	8,784,380,859	8,189,096,422	6,959,050,707	6,444,598,397	6,383,343,071

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

Board designated or quasi-endowment SchDMd Bullet

38.1 %

Permanent endowment SchDMd Bullet

21 %

Temporarily restricted endowment SchDMd Bullet

40.9 %

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 .................	9,300,000	24,286,842		33,586,842
b	Buildings ................	57,262,131	1,515,249,957	457,151,472	1,115,360,616
c	Leasehold improvements ............	0	13,690,051	3,532,970	10,157,081
d	Equipment ................	362,972	279,629,869	154,287,294	125,705,547
e	Other .................	45,009	297,939,201	67,671,007	230,313,203
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......					1,515,123,289

Schedule D (Form 990) 2014

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	738,760	F
(2)Closely-held equity interests	2,491	F
(3)Other (A) Short-term investments	20,755,945	F
(B) Public equities - U.S.	535,991,036	F
(C) Public equities - Non-U.S.	1,238,140,702	F
(D) Public equities - Long/short strategies	1,342,645,780	F
(E) Fixed income securities	424,011,797	F
(F) Marketable alternatives	1,301,001,888	F
(G) Private equity	2,969,798,690	F
(H) Real estate and other real assets	1,030,750,438	F
(I) Defined benefit pension plan assets	86,438,471	F
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	8,950,275,998

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		0
Short-term borrowing		45,015,000
Refundable advances		30,114,958
Liabilities associated with investments		788,949,879
Obligations under split-interest agreements		144,112,833
Conditional asset retirement obligations		25,011,358
Pension and other accrued postretirement benefits		136,368,289
Government advances for student loans		29,913,888
Debt-related derivative instruments		7,314,413
Student organization funds and other deposits		6,185,550
Self-insurance reserves		6,748,758
Other liabilities		15,370,480
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		1,235,105,406
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) 2014

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	1,871,193,717
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	32,417,838
b	Donated services and use of facilities .........	2b	0
c	Recoveries of prior year grants ...........	2c	0
d	Other (Describe in Part XIII.) ............	2d	-296,746,082
e	Add lines 2a through 2d .....................			2e	-264,328,244
3	Subtract line 2e from line 1.....................			3	2,135,521,961
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	49,282,128
b	Other (Describe in Part XIII.) ...........	4b	-511,944
c	Add lines 4a and 4b.......................			4c	48,770,184
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	2,184,292,145

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	1,057,690,414
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a	0
b	Prior year adjustments ..............	2b	0
c	Other losses ................	2c	0
d	Other (Describe in Part XIII.) ............	2d	511,944
e	Add lines 2a through 2d......................			2e	511,944
3	Subtract line 2e from line 1.....................			3	1,057,178,470
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	49,282,128
b	Other (Describe in Part XIII.) ............	4b	250,308,190
c	Add lines 4a and 4b.......................			4c	299,590,318
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	1,356,768,788

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
Schedule D, Part X Asset Retirement	The University recognizes asset retirement obligations when incurred. A discounting technique is used to calculate the present value of the capitalized asset retirement costs and the related obligation. Asset retirement costs are depreciated over the estimated remaining useful life of the related asset and the asset retirement obligation is accreted annually to the current present value. Upon settlement of an obligation, any difference between the retirement obligation and the cost to settle is recognized as a gain or loss in the consolidated statement of change in unrestricted net assets. The University's conditional asset retirement obligations relate primarily to asbestos remediation and will be settled upon undertaking associated renovation projects.
Schedule D, Part III, Line 1a Collections of art - financial statement footnote	The University does not capitalize the cost of library books, nor the cost or fair value of its art collection. The latter is held for exhibition and educational purposes only and not for financial gain.
Schedule D, Part III, Line 4 Collections of art - description of collections	The Snite Museum of Art maintains a collection of over 27,000 original works of art which are utilized for exhibition, teaching, research and educational outreach programs.
Schedule D, Part IV, Line 1b Agent, trustee, custodian, or other intermediary arrangement	Interest on Lawyer Trust Accounts (IOLTA) - The University of Notre Dame's Legal Aid Clinic opened a custodial bank account on 11/8/01. The purpose of the account is to hold client's funds in trust. The interest earned on the funds is remitted to the Indiana Bar Foundation and used to pay for filing fees, fees for medical records, and recording and various court fees for clients with limited financial means.
Schedule D, Part V, Line 4 Intended uses of endowment funds	Endowment distributions are used to fund a variety of operational needs, including scholarships & fellowships, faculty chairs, academic programs, libraries, other endowment programs, and general operations.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990	Tuition discounts - -XXX-XX-XXXX Room & Board discounts - -4297732 Net gain/(loss) on debt-related derivative instruments - -6836035 Net pension and postretirement benefits-related changes - -28018352 Change in value of split-interest agreements - -9052301 Other non-operating changes in net assets - -2531204
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	Direct expenses of fundraising events - -510762 Direct expenses from gaming activities - -1182
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990	Direct expenses of fundraising events - 510762 Direct expenses from gaming activities - 1182
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements	Tuition scholarships and fellowships - XXX-XX-XXXX Room & board discounts - 4297732

Schedule D (Form 990) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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 2014Open to Public Inspection

Name of the organization

University of Notre Dame du Lac

Employer identification number

35-0868188

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) (2014)

Schedule E (Form 990 or 990EZ) (2014)

Page 2

Part II

Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide any other additional information (see instructions).

Return Reference	Explanation
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY	The University nondiscrimination policy is disclosed in the Admission Policies and Procedures Handbook given to each student. The University draws students nationally and internationally and enrolls meaningful numbers of minority students.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT	The University receives financial assistance from various governmental agencies within the Federal Government and local jurisdictions. The governmental grants and contracts support certain research projects and student financial aid.

Schedule E (Form 990 or 990-EZ) (2014)

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization
University of Notre Dame du Lac

Employer identification number

35-0868188

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			Investments		3,856,640,129
	East Asia and the Pacific			Investments		155,947,683
	Europe (Including Iceland and Greenland)			Investments		722,046,329
	Middle East and North Africa			Investments		4,985,062
	North America (Canada & Mexico only)			Investments		72,708,887
	Russia and Neighboring States			Investments		0
	South America			Investments		4,991,027
	South Asia			Investments		104,655,297
	Sub-Saharan Africa			Investments		214,236,709
	East Asia and the Pacific	1	4	Program Services	International Study Program	2,165,021
	Europe (Including Iceland and Greenland)	4	80	Program Services	International Study Program	23,645,402
	Middle East and North Africa		2	Program Services	International Study Program	625,512
	North America (Canada & Mexico only)		1	Program Services	International Study Program	275,252
	Russia and Neighboring States			Program Services	International Study Program	31,400
	South America	1	4	Program Services	International Study Program	569,288
	South Asia			Program Services	International Study Program	14,196
	Sub-Saharan Africa			Program Services	International Study Program	143,284
	Central America and the Caribbean			,Investment Operations		8,217,973
	East Asia and the Pacific			,Investment Operations		607,045
	Europe (Including Iceland and Greenland)			,Investment Operations		773,767
	Middle East and North Africa			,Investment Operations		2,936
	North America (Canada & Mexico only)			,Investment Operations		2,034
	Russia and Neighboring States			,Investment Operations		0
	South America			,Investment Operations		33,758
	South Asia			,Investment Operations		53,940
	Sub-Saharan Africa			,Investment Operations		3,335,242
	Central America and the Caribbean			Fundraising		16,778
	East Asia and the Pacific			Fundraising		26,099
	Europe (Including Iceland and Greenland)			Fundraising		82,479
	North America (Canada & Mexico only)			Fundraising		7,667
	South America			Fundraising		4,348
	South Asia			Fundraising		7,351
	Central America and the Caribbean			Program Services	Auxillary Enterprises	7,261
	Central America and the Caribbean			Program Services	Instruction	252,525
	Central America and the Caribbean			Program Services	Management & General	22,085
	Central America and the Caribbean	3	5	Program Services	Other	250,052
	Central America and the Caribbean			Program Services	Research	1,849,588
	East Asia and the Pacific			Program Services	Auxillary Enterprises	5,585
	East Asia and the Pacific			Program Services	Instruction	521,838
	East Asia and the Pacific			Program Services	Management & General	75,290
	East Asia and the Pacific			Program Services	Other	227,568
	East Asia and the Pacific		2	Program Services	Research	861,396
	Europe (Including Iceland and Greenland)			Program Services	Auxillary Enterprises	86,575
	Europe (Including Iceland and Greenland)		11	Program Services	Instruction	2,739,714
	Europe (Including Iceland and Greenland)			Program Services	Management & General	225,043
	Europe (Including Iceland and Greenland)			Program Services	Other	1,140,806
	Europe (Including Iceland and Greenland)		6	Program Services	Research	3,044,379
	Middle East and North Africa			Program Services	Auxillary Enterprises	0
	Middle East and North Africa			Program Services	Instruction	173,329
	Middle East and North Africa			Program Services	Management & General	12,410
	Middle East and North Africa			Program Services	Other	357,614
	Middle East and North Africa		1	Program Services	Research	326,245
	North America (Canada & Mexico only)			Program Services	Auxillary Enterprises	39,106
	North America (Canada & Mexico only)			Program Services	Instruction	282,394
	North America (Canada & Mexico only)			Program Services	Management & General	32,262
	North America (Canada & Mexico only)			Program Services	Other	100,441
	North America (Canada & Mexico only)			Program Services	Research	155,057
	Russia and Neighboring States			Program Services	Auxillary Enterprises	10,229
	Russia and Neighboring States			Program Services	Instruction	42,524
	Russia and Neighboring States			Program Services	Management & General	0
	Russia and Neighboring States			Program Services	Other	1,518
	Russia and Neighboring States			Program Services	Research	29,083
	South America			Program Services	Auxillary Enterprises	0
	South America			Program Services	Instruction	346,673
	South America			Program Services	Management & General	21,219
	South America		1	Program Services	Other	80,970
	South America			Program Services	Research	90,479
	South Asia			Program Services	Auxillary Enterprises	0
	South Asia			Program Services	Instruction	117,726
	South Asia			Program Services	Management & General	12,373
	South Asia			Program Services	Other	40,383
	South Asia			Program Services	Research	200,679
	Sub-Saharan Africa			Program Services	Auxillary Enterprises	25,023
	Sub-Saharan Africa		1	Program Services	Instruction	288,547
	Sub-Saharan Africa			Program Services	Management & General	22,890
	Sub-Saharan Africa			Program Services	Other	113,381
	Sub-Saharan Africa	1	23	Program Services	Research	1,140,508
3a	Sub-total .....	6	91			5,163,537,194
b	Total from continuation sheets to Part I ...	4	50			28,687,469
c	Totals (add lines 3a and 3b)	10	141			5,192,224,663

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2014

Schedule F (Form 990) 2014

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.

(a)(c) Region	(b)(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement
Sub-Saharan Africa	See Footnote 2, Part V	83,828	Check/Wire
Sub-Saharan Africa	See Footnote 2, Part V	75,000	Check/Wire
Central America and the Caribbean	See Footnote 2, Part V	477,191	Check/Wire
Central America and the Caribbean	See Footnote 2, Part V	574,740	Check/Wire
Europe (Including Iceland and Greenland)	See Footnote 2, Part V	70,000	Check/Wire
Europe (Including Iceland and Greenland)	See Footnote 2, Part V	50,000	Check/Wire
East Asia and the Pacific	See Footnote 2, Part V	480,295	Check/Wire
Europe (Including Iceland and Greenland)	See Footnote 2, Part V	866,611	Check/Wire
Europe (Including Iceland and Greenland)	See Footnote 2, Part V	149,081	Check/Wire
Sub-Saharan Africa	See Footnote 2, Part V	106,523	Check/Wire
Central America and the Caribbean	See Footnote 2, Part V	299,676	Check/Wire
Sub-Saharan Africa	See Footnote 2, Part V	116,457	Check/Wire
Europe (Including Iceland and Greenland)	See Footnote 2, Part V	443,245	Check/Wire
South Asia	See Footnote 2, Part V	128,200	Check/Wire
Europe (Including Iceland and Greenland)	See Footnote 2, Part V	60,884	Check/Wire
Sub-Saharan Africa	See Footnote 2, Part V	47,252	Check/Wire
Sub-Saharan Africa	See Footnote 2, Part V	49,994	Check/Wire
South Asia	See Footnote 2, Part V	28,000	Check/Wire
Sub-Saharan Africa	See Footnote 2, Part V	10,000	Check/Wire
Sub-Saharan Africa	See Footnote 2, Part V	75,000	Check/Wire
Central America and the Caribbean	See Footnote 2, Part V	490,860	Check/Wire
Europe (Including Iceland and Greenland)	See Footnote 2, Part V	284,536	Check/Wire
Europe (Including Iceland and Greenland)	See Footnote 2, Part V	5,285	Check/Wire
Sub-Saharan Africa	See Footnote 2, Part V	5,550	Check/Wire
Sub-Saharan Africa	See Footnote 2, Part V	244,215	Check/Wire
Middle East and North Africa	See Footnote 2, Part V	300,000	Check/Wire
Sub-Saharan Africa	See Footnote 2, Part V	68,849	Check/Wire
Sub-Saharan Africa	See Footnote 2, Part V	5,813	Check/Wire
Europe (Including Iceland and Greenland)	See Footnote 2, Part V	50,000	Check/Wire
North America (Canada & Mexico only)	See Footnote 2, Part V	35,938	Check/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) 2014

Schedule F (Form 990) 2014Page 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
Housing and Other Assistance	East Asia and the Pacific	1	4,750	Check/Wire/Direct Deposit
Housing and Other Assistance	Europe (Including Iceland and Greenland)	5	26,861	Check/Wire/Direct Deposit
Housing and Other Assistance	North America (Canada & Mexico only)	1	1,750	Check/Wire/Direct Deposit
Prizes and Awards	East Asia and the Pacific	2	30,122	Check/Wire/Direct Deposit
Prizes and Awards	Europe (Including Iceland and Greenland)	5	113,315	Check/Wire/Direct Deposit
Prizes and Awards	South America	1	15,000	Check/Wire/Direct Deposit
Research/Travel Grant	East Asia and the Pacific	3	333	Check/Wire/Direct Deposit
Research/Travel Grant	Europe (Including Iceland and Greenland)	24	34,465	Check/Wire/Direct Deposit
Research/Travel Grant	Middle East and North Africa	1	600	Check/Wire/Direct Deposit
Research/Travel Grant	North America (Canada & Mexico only)	4	2,901	Check/Wire/Direct Deposit
Research/Travel Grant	Russia and Neighboring States	1	2,211	Check/Wire/Direct Deposit
Research/Travel Grant	South America	1	1,162	Check/Wire/Direct Deposit
Research/Travel Grant	Sub-Saharan Africa	1	1,000	Check/Wire/Direct Deposit

Schedule F (Form 990) 2014

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2014

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).

ReturnReference	Explanation
Schedule F, Part I, Line 2 Organization's procedures for monitoring the use of grant funds	All grants made for research activities are initiated by a formal sub-contract executed by both parties. The terms and conditions of each grant contain all the guidelines for invoicing, billing, record retention, audits, etc. Research and Sponsored Programs Accounting ("RSPA") and the Notre Dame Research Office work in tandem to ensure the guidelines are adhered to. Almost all sub-contracts for research activities are paid on a cost-reimbursement basis. All invoices paid for costs are approved by the Principal Investigator based on completion of work, deliverables met, etc. In addition, RSPA monitors the payments against the total budget to ensure payment is not made above the stipulated ceiling. The University had developed a policy containing guidelines surrounding sub-contracts, some of which were addressed above. This policy can be found at: http://controller.nd.edu/assets/91679/subrecipient_monitoring.pdf. The University provides funding to students and other related individuals for research and other activities to support the furtherance of their education. Funds provided are monitored through applications, budgets and a requirement to document the use of funds either prior to the distribution of funds or upon completion of the activity.
Schedule F, Part II, Line 1(d) Purpose of Grant	Payments related to work performed on research subcontract related to federal, state or private grant originally made to the University and other assistance in accordance with the University's exempt mission.

Schedule F (Form 990) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization
University of Notre Dame du Lac

Employer identification number

35-0868188

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) 2014

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 NPC Research Event - Road to Discovery (event type)	(b) Event #2 NPC Research Event - Parseghian Classic (event type)	(c) Other events 1 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . .	429,674	400,390	105,670	935,734
2	Less: Contributions . .	429,674	100,650	91,870	622,194
3	Gross income (line 1 minus line 2) . . .	0	299,740	13,800	313,540
4	Cash prizes . . .
5	Noncash prizes . .
6	Rent/facility costs . .		195,248		195,248
7	Food and beverages .	9,482	325	29,802	39,609
8	Entertainment . . .	790			790
9	Other direct expenses .	244,791	16,590	13,734	275,115
10	Direct expense summary. Add lines 4 through 9 in column (d) ...........				510,762
11	Net income summary. Subtract line 10 from line 3, column (d)...........				-197,222

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 . . . .

79,348

Cash prizes . . . .

Non-cash prizes . . .

315

Rent/facility costs . . .

Other direct expenses . .

867

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 conducts gaming activities: IN

Is the organization licensed to conduct 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) 2014

Page 3

Does the organization conduct 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 activities conducted in:

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

13a

0 %

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

13b

100 %

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

Name

Deborah Gabaree Office of General C

Address

203 Main Building
Notre Dame,IN46556

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

$ 0

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

$ 0

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 provide any additional information (see instructions).

Return Reference	Explanation

Schedule G (Form 990 or 990-EZ) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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

2014

Open to Public
Inspection

Name of the organization
University of Notre Dame du Lac

Employer identification number
35-0868188

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 Domestic Organizations and Domestic Governments. 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 section if applicable	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of non-cash assistance	(h) Purpose of grant or assistance
(1) American Cancer Society 130 Red Coach Drive Mishawaka,IN46545	13-1788491	501(c)(3)	10,815				See Footnote 2, Part IV
(2) Andean Health & Development 1100 Delaplaine Ct Madison,WI53715	39-1809174	501(c)(3)	15,000				See Footnote 2, Part IV
(3) Ara Parseghian Medical Research Foundation 4729 East Sunrise Drive Suite 327 Tucson,AZ85718	86-0775966	501(c)(3)	138,000				See Footnote 2, Part IV
(4) Basis Policy Research LLC 9650 Strickland Road Suite 103-296 Raleigh,NC276151902	27-0475968		113,538				See Footnote 2, Part IV
(5) Battelle Post Office Box 84391 Seattle,WA981245691	31-4379427	501(c)(3)	7,189				See Footnote 2, Part IV
(6) Boys & Girls Club-St Jos Cnty 502 East Sample South Bend,IN46601	35-1329625	501(c)(3)	10,000				See Footnote 2, Part IV
(7) Brigham & Women's Hospital 75 Francis Street Boston,MA02115	04-2312909	501(c)(3)	164,825				See Footnote 2, Part IV
(8) Brothers of Holy Cross 13645 Riverside Drive Sherman Oaks,CA91423	95-4045107	501(c)(3)	10,000				See Footnote 2, Part IV
(9) California Institute of Technology 1200 East California Boulevard Pasadena,CA911250001	95-1643307	501(c)(3)	199,700				See Footnote 2, Part IV
(10) Carnegie Mellon University Post Office Box 371032 Pittsburgh,PA152507032	25-0969449	501(c)(3)	252,157				See Footnote 2, Part IV
(11) Carry the Load PO Box 261904 Plano,TX75026	27-4568835	501(c)(3)	20,000				See Footnote 2, Part IV
(12) Cary Institute of Ecosystem Studies 2801 Sharon Turnpike Post Office Box AB Millbrook,NY125455721	22-3232968	501(c)(3)	21,740				See Footnote 2, Part IV
(13) Case Western Reserve University Nord Hall Suite 600 10900 Euclid Avenue Cleveland,OH441067037	34-1018992	501(c)(3)	6,898				See Footnote 2, Part IV
(14) Catholic Church Extension Society 150 South Wacker Drive Suite 2000 Chicago,IL60606	36-6000520	501(c)(3)	40,000				See Footnote 2, Part IV
(15) Catholic Education Institute Archdiocese of San Francisco 1 Peter Yorke Way San Francisco,CA941096602	36-4486769	501(c)(3)	21,900				See Footnote 2, Part IV
(16) Catholic University of America 620 Michigan Avenue Northeast Washington,DC200640001	53-0196583	501(c)(3)	18,479				See Footnote 2, Part IV
(17) Center for the Homeless 813 S Michigan Street South Bend,IN46601	35-1768544	501(c)(3)	87,160	278,740	FMV	Rental Waiver	See Footnote 2, Part IV
(18) Central Michigan University Accounting WA 304 Mount Pleasant,MI48859	38-6004447	State of Michigan	18,999				See Footnote 2, Part IV
(19) Christ the King Parish 820 Porter Avenue Des Moines,IA50315	42-0722697	501(c)(3)	10,000				See Footnote 2, Part IV
(20) City of Mishawaka 600 East Third Street Mishawaka,IN46544	35-6001115	City-Mishawaka	9,188				See Footnote 2, Part IV
(21) City of South Bend 227 West Jefferson Blvd Suite 1400 South Bend,IN46601	35-6001201	City-South Bend	50,533				See Footnote 2, Part IV
(22) Community Foundation of St Joseph 205 W Jefferson Blvd 610 South Bend,IN46601	23-7365930	501(c)(3)	109,000				See Footnote 2, Part IV
(23) Congregation of Holy Cross Post Office Box 460 Notre Dame,IN46556	32-0344245	501(c)(3)	373,563				See Footnote 2, Part IV
(24) Contect Inc 1400 East Angela Boulevard Unit 148 South Bend,IN466171370	35-2477885		89,439				See Footnote 2, Part IV
(25) Cornell University Post Office Box 22 Ithaca,NY148510022	15-0532082	501(c)(3)	572,207				See Footnote 2, Part IV
(26) Dawn Brancheau Foundation Inc 9030 Via Bella Notte Orlando,FL32836	27-3700500	501(c)(3)	10,000				See Footnote 2, Part IV
(27) Declan Drumm Sullivan Memorial Fund 703 West Montroe St Chicago,IL60661	27-6886934	501(c)(3)	40,000				See Footnote 2, Part IV
(28) Diocese of Fort Wayne-So Bend 915 S Clinton Street Fort Wayne,IN46802	35-0876373	501(c)(3)	35,000				See Footnote 2, Part IV
(29) Duke University 2138 Campus Drive PO Box 90586 Durham,NC27708	56-0532129	501(c)(3)	75,228				See Footnote 2, Part IV
(30) Early Childhood Development Center 10 Child Care Center Notre Dame,IN46556	35-1188922	501(c)(3)	200,000				See Footnote 2, Part IV
(31) Elevate Ventures Inc 50 East 91st Street Indianapolis,IN46240	27-4118692	501(c)(3)	75,000				See Footnote 2, Part IV
(32) enFocus Inc 506 W South St Suite 100 South Bend,IN46601	45-5638209		20,000				See Footnote 2, Part IV
(33) enFocus Inc 506 W South St Suite 100 South Bend,IN466012785	45-5638209		405,000				See Footnote 2, Part IV
(34) Family & Children's Center 315 W Jefferson Blvd South Bend,IN46601	35-0869031	501(c)(3)	5,640				See Footnote 2, Part IV
(35) Fermi National Accelerator Lab Post Office Box 500 Batavia,IL605105011	57-1239010	501(c)(3)	25,334				See Footnote 2, Part IV
(36) FHI 360 359 Blackwell street Suite 200 Durham,NC277012477	23-7413005	501(c)(3)	72,492				See Footnote 2, Part IV
(37) Fischoff National Chamber Music Association 303 Brownson Hall Notre Dame,IN46556	35-1650154	501(c)(3)	33,318				See Footnote 2, Part IV
(38) Florida State University Post Office Box 3064166 Tallahassee,FL323060001	59-1961248	State of Florida	82,140				See Footnote 2, Part IV
(39) Food for the Poor Inc 6401 Lyons Road Coconut Creek,FL33073	59-2174510	501(c)(3)	25,650				See Footnote 2, Part IV
(40) Foundation for Center for Hospice and Palliative Care 501 Comfort Place Mishawaka,IN46545	30-0433147	501(c)(3)	22,000				See Footnote 2, Part IV
(41) Foundation of St Joseph Regional Me 707 E Cedar Street Suite 175 South Bend,IN46617	35-1654543	501(c)(3)	15,305				See Footnote 2, Part IV
(42) Freedom to Learn Illinois Post Office Box 227 Chicago,IL60690	27-2479414	501(c)(3)	250,000				See Footnote 2, Part IV
(43) George Mason University 4400 University Drive Fairfax,VA22030	54-0836354	State of Virginia	80,632				See Footnote 2, Part IV
(44) George Washington University 45155 Research Place Ashburn,VA201472692	53-0196584	501(c)(3)	87,687				See Footnote 2, Part IV
(45) Georgia Tech Research Corporation Post Office Box 100117 Atlanta,GA303840117	58-0603146	State of Georgia	133,198				See Footnote 2, Part IV
(46) Girls on the Run Michiana PO Box 252 Notre Dame,IN46556	27-2652189	501(c)(3)	15,000				See Footnote 2, Part IV
(47) Global Citizen Year Inc 1625 Clay St Oakland,CA94612	26-3161342	501(c)(3)	35,000				See Footnote 2, Part IV
(48) Grand Valley State University 234 Lake Michigan Hall Allendale,MI494019401	38-1684280	State of Michigan	27,366				See Footnote 2, Part IV
(49) Habitat for Humanity 402 East South Street South Bend,IN46601	31-1196894	501(c)(3)	55,000				See Footnote 2, Part IV
(50) Hannah's House 518 West Fourth Street Mishawaka,IN46546	35-1871289	501(c)(3)	16,590				See Footnote 2, Part IV
(51) Harvard University 1350 Massachusetts Avenue Cambridge,MA021383800	04-2103580	501(c)(3)	56,596				See Footnote 2, Part IV
(52) Henry F & Anne Marie Frigon Family 1055 Broadway Suite 130 Kansas City,MO64105	43-1152398	501(c)(3)	55,000				See Footnote 2, Part IV
(53) History of Science Society Inc 440 Geddes Hall Univ of Notre Dame Notre Dame,IN46556	52-6050324	501(c)(3)	62,552				See Footnote 2, Part IV
(54) Holy Cross Foreign Mission Society PO Box 543 Notre Dame,IN46556	53-0196617	501(c)(3)	10,000				See Footnote 2, Part IV
(55) Holy Trinity Catholic Church 1600 Corporate Drive Ladera Ranch,CA92694	20-2747543	501(c)(3)	50,000				See Footnote 2, Part IV
(56) Illinois Institute of Technology 3300 South Federal Street Chicago,IL606163793	35-2170136	501(c)(3)	30,702				See Footnote 2, Part IV
(57) Indiana Economic Development Foundation One North Capital Avenue Suite 700 Indianapolis,IN46204	20-2664607	501(c)(3)	10,000				See Footnote 2, Part IV
(58) Indiana University Post Office Box 66057 Indianapolis,IN462660001	35-6001673	State of Indiana	752,802				See Footnote 2, Part IV
(59) IQE RF LLC 265 Davidson Ave Ste 141 Somerset,NJ088734120	20-5236093		167,056				See Footnote 2, Part IV
(60) Johns Hopkins University 3400 N Charles Street Baltimore,MD21218	52-0595110	501(c)(3)	146,379				See Footnote 2, Part IV
(61) Kelly Cares Foundation 1251 N Eddy Street Suite 200 South Bend,IN46617	26-3591070	501(c)(3)	5,650				See Footnote 2, Part IV
(62) La Casa de Amistad 746 South Meade Street South Bend,IN46619	35-1350013	501(c)(3)	8,350				See Footnote 2, Part IV
(63) Lake Superior State University 650 West Easterday Avenue Sault Sainte Marie,MI497831626	38-1880022	State of Michigan	8,132				See Footnote 2, Part IV
(64) Lehigh University 526 Brodhead Avenue Bethlehem,PA180153008	24-0795445	501(c)(3)	58,196				See Footnote 2, Part IV
(65) Logan Community Resources 2505 E Jefferson Blvd South Bend,IN46615	35-0965639	501(c)(3)	28,400				See Footnote 2, Part IV
(66) Loyola University Chicago 820 North Michigan Avenue Floor 13 Chicago,IL606112147	35-1408475	501(c)(3)	20,317				See Footnote 2, Part IV
(67) Mayo Clinic 200 First St SW Rochester,MN55905	41-6011702	501(c)(3)	10,000				See Footnote 2, Part IV
(68) Miami University Foundation 725 East Chestnut Street Oxford,OH45056	31-6026014	501(c)(3)	100,000				See Footnote 2, Part IV
(69) Michigan State University 426 Auditorium Rd Rm 2 East Lansing,MI488242612	38-6005984	State of Michigan	998,824				See Footnote 2, Part IV
(70) Michigan Technological University 1400 Townsend Drive Houghton,MI499311295	38-6005955	State of Michigan	32,847				See Footnote 2, Part IV
(71) Misericordia Home 6300 North Ridge Ave Chicago,IL60660	36-2170153	501(c)(3)	10,000				See Footnote 2, Part IV
(72) Montana State University Post Office Box 172470 Bozeman,MT597172470	81-6010045	State of Montana	22,538				See Footnote 2, Part IV
(73) MZA Associates Corporation 2021 Girard Boulevard SE Suite 150 Albuquerque,NM871063140	85-0400557		72,466				See Footnote 2, Part IV
(74) North Carolina State University Campus Box 7214 Raleigh,NC276950001	56-6000756	State of North Carol	18,398				See Footnote 2, Part IV
(75) Northeast Neighborhood Revitalization Organization 803 Lincolnway East South Bend,IN46601	35-2118149	501(c)(3)	150,000				See Footnote 2, Part IV
(76) Northeastern University 360 Huntington Avenue Boston,MA021155000	04-1679980	501(c)(3)	19,975				See Footnote 2, Part IV
(77) Northern Indiana Center for History 808 W Washington South Bend,IN46601	35-1124156	501(c)(3)	9,520				See Footnote 2, Part IV
(78) Northern Jet Management Post Office Box 888380 Grand Rapids,MI495888380	38-3261631		780,277				See Footnote 2, Part IV
(79) Northwestern University 633 Clark Street Rm G-547 Evanston,IL602080001	36-2167817	501(c)(3)	37,088				See Footnote 2, Part IV
(80) Oregon State University Post Office Box 1086 Corvallis,OR973391086	61-1730890	State of Oregon	59,798				See Footnote 2, Part IV
(81) Pennsylvania State University 227 West Beaver Avenue Suite 401 State College,PA168014842	24-6000376	State of Penn.	1,008,559				See Footnote 2, Part IV
(82) Purdue University 610 Purdue Mall West Lafayette,IN47907	35-6002041	State of Indiana	1,063,056				See Footnote 2, Part IV
(83) Qualtrics LLC 2250 N University Pkwy 48-C Provo,UT84604	45-4964116		60,000				See Footnote 2, Part IV
(84) Rebuilding Together 227 W Jefferson Blvd Suite 1400s South Bend,IN46601	35-1939069	501(c)(3)	10,500				See Footnote 2, Part IV
(85) Regents of the University of California at Berkeley 2195 Hearst Avenue Room 130 Berkeley,CA947200001	94-6002123	State of California	684,698				See Footnote 2, Part IV
(86) Regents of the University of California at Davis Post Office Box 989062 West Sacramento,CA957989062	94-6036494	State of California	1,155,784				See Footnote 2, Part IV
(87) Regents of the University of California at San Diego 9500 Gilman Drive La Jolla,CA920930009	95-6006144	State of California	418,908				See Footnote 2, Part IV
(88) Regents of the University of California at San Francisco Box 0897 EMF San Francisco,CA94143	94-6036493	State of California	122,512				See Footnote 2, Part IV
(89) Regents of the University of California at Santa Barbara SAASB Building Room 1212 Santa Barbara,CA931060001	95-6006145	State of California	447,430				See Footnote 2, Part IV
(90) Regents of University of Michigan 1000 Victors Way Suite 1A Ann Arbor,MI481082744	38-6006309	State of Michigan	52,496				See Footnote 2, Part IV
(91) Rensselaer Polytech Inst 110 8th Street Troy,NY121803522	14-1340095	501(c)(3)	123,450				See Footnote 2, Part IV
(92) Research Foundation of CUNY 230 West 41st Street New York,NY100367207	13-1988190	501(c)(3)	13,930				See Footnote 2, Part IV
(93) Resources for the Future 1616 P Street Northwest Washington,DC200361400	53-0220900	501(c)(3)	33,205				See Footnote 2, Part IV
(94) Rhode Island Hospital 1 Hoppin Street Providence,RI029034141	53-0220900	501(c)(3)	8,141				See Footnote 2, Part IV
(95) Rice University Post Office Box 1892 Houston,TX772511892	74-1109620	501(c)(3)	9,447				See Footnote 2, Part IV
(96) SB150 PO Box 4183 South Bend,IN46684	20-1837418	501(c)(3)	45,000				See Footnote 2, Part IV
(97) South Bend Alumni Association 215 South St Joseph Street South Bend,IN46601	35-1674506	501(c)(3)	7,244				See Footnote 2, Part IV
(98) South Bend Medical Foundation 530 N Lafayette Boulevard South Bend,IN466011098	35-0868178	501(c)(3)	62,500				See Footnote 2, Part IV
(99) South Bend Symphony Orchestra 127 North Michigan Street South Bend,IN46601	35-6042189	501(c)(3)	14,900				See Footnote 2, Part IV
(100) South Carolina Research Foundation Osbourne 202 Columbia,SC29208	57-0967350	State of S. Carolina	70,984				See Footnote 2, Part IV
(101) Southern Methodist University Post Office Box 750259 Dallas,TX752750001	75-0800689	501(c)(3)	45,207				See Footnote 2, Part IV
(102) Special Camps for Special Kids 2824 Swiss Ave Dallas,TX75204	75-2205242	501(c)(3)	10,000				See Footnote 2, Part IV
(103) St Ann Catholic Church 310 North Olive Ave West Palm Beach,FL33401	59-6001732	501(c)(3)	10,000				See Footnote 2, Part IV
(104) St Ann Catholic School 310 North Olive Ave West Palm Beach,FL33401	59-6001732	501(c)(3)	10,000				See Footnote 2, Part IV
(105) St Ann Place 310 North Olive Ave West Palm Beach,FL33401	59-6001732	501(c)(3)	10,000				See Footnote 2, Part IV
(106) St Ann School 2211 W 18th Place Chicago,IL60608	36-2284297	501(c)(3)	9,500				See Footnote 2, Part IV
(107) St Joseph County 227 West Jefferson Blvd 7th Floor South Bend,IN46601	35-6000194	County-St. Joe	31,238				See Footnote 2, Part IV
(108) St Joseph County Right to Life 2004 Ironwood Circle Suite 130 South Bend,IN46635	31-0935278	501(c)(3)	5,600				See Footnote 2, Part IV
(109) St Margaret's House 117 N Lafayette Blvd South Bend,IN46601	35-1913328	501(c)(3)	14,200				See Footnote 2, Part IV
(110) St Mary's College 110 LeMans Hall Notre Dame,IN46556	35-0868158	501(c)(3)	50,000				See Footnote 2, Part IV
(111) St Matthias Apostle School 9475 Annapolis Rd Lanham,MD20706	52-0780162	501(c)(3)	6,200				See Footnote 2, Part IV
(112) St Peter Claver Regional Catholic 2560 Tilson Road Decatur,GA30032	58-1918801	501(c)(3)	9,000				See Footnote 2, Part IV
(113) Stanford University 450 Serra Mall Stanford,CA943052004	94-1156365	501(c)(3)	449,474				See Footnote 2, Part IV
(114) The Nature Conservancy 101 East Grand River Avenue Lansing,MI489064374	53-0242652	501(c)(3)	127,993				See Footnote 2, Part IV
(115) The Ohio State University 1960 Kenny Road Columbus,OH432101016	31-6025986	State of Ohio	669,476				See Footnote 2, Part IV
(116) Thomistic Institute at Dominican Ho 487 Michigan Avenue NE Washington,DC20017	53-6016922	501(c)(3)	10,000				See Footnote 2, Part IV
(117) TriQuint Semiconductor Texas LLC Post Office Box 198479 Atlanta,GA303848479	75-2740940		288,197				See Footnote 2, Part IV
(118) Trustees of University of Pennsylvania 3451 Walnut Street Philadelphia,PA191046205	23-1352685	501(c)(3)	269,973				See Footnote 2, Part IV
(119) US Forest Service Post Office Box 301550 Los Angeles,CA900301550	72-0564834	Federal	51,103				See Footnote 2, Part IV
(120) UGA Research Foundation Inc 279 Williams Street Athens,GA306051746	58-1353149	State of Georgia	113,125				See Footnote 2, Part IV
(121) UNC AA PO Box 2446 Chapel Hill,NC27515	56-6058412	501(c)(3)	10,000				See Footnote 2, Part IV
(122) United Technology Research Center Post Office Box 416678 Boston,MA022416678	06-0570975		165,414				See Footnote 2, Part IV
(123) United Way of Greater St Louis 910 N 11th Street Saint Louis,MO63101	43-0714167	501(c)(3)	125,000				See Footnote 2, Part IV
(124) United Way of St Joseph County Inc 3517 E Jefferson Blvd South Bend,IN46615	35-1063368	501(c)(3)	25,000				See Footnote 2, Part IV
(125) University of Akron 248 Polsky Akron,OH443250001	34-6002924	State of Ohio	9,828				See Footnote 2, Part IV
(126) University of Alabama Post Office Box 870135 Tuscaloosa,AL354870135	63-6001138	State of Alabama	23,482				See Footnote 2, Part IV
(127) University of Chicago 6054 South Drexel Avenue Chicago,IL606372612	36-2177139	501(c)(3)	533,085				See Footnote 2, Part IV
(128) University of Houston Post Office Box 988 Houston,TX770010988	74-6001399	State of Texas	116,243				See Footnote 2, Part IV
(129) University of Illinois 4th Floor Swanlund Admin Bldg MC-304 601 E John Street Champaign,IL61820	37-6000511	State of Illinois	457,541				See Footnote 2, Part IV
(130) University of Kentucky Research Foundation 102 Kinkead Hall Lexington,KY405060057	61-6033693	State of Kentucky	22,347				See Footnote 2, Part IV
(131) University of Maryland 4101 Chesapeake Building College Park,MD207420001	52-6002033	State of Maryland	8,402				See Footnote 2, Part IV
(132) University of Memphis Post Office Box 1000 Dept 313 Memphis,TN381480001	62-0648618	State of Tennessee	136,661				See Footnote 2, Part IV
(133) University of Minnesota Post Office Box 1450 NW5657 Minneapolis,MN554855957	41-6007513	State of Minnesota	125,771				See Footnote 2, Part IV
(134) University of Nebraska-Lincoln Post Office Box 830861 Lincoln,NE68583	47-0049123	State of Nebraska	30,827				See Footnote 2, Part IV
(135) University of New Mexico 1 University of New Mexico MSC01 1245 Albuquerque,NM871310001	85-6000642	State of New Mexico	82,633				See Footnote 2, Part IV
(136) University of North Carolina-Chapel Hill 104 Airport Drive Suite 220 CB 1350 Chapel Hill,NC275991350	56-6001393	State of North Carol	52,472				See Footnote 2, Part IV
(137) University of North Carolina-Greensboro Post Office Box 26170 Greensboro,NC274026170	56-6001468	State of North Carol	17,407				See Footnote 2, Part IV
(138) University of Northern Iowa Office of Business Operations Cedar Falls,IA506140001	42-6004333	State of Iowa	21,600				See Footnote 2, Part IV
(139) University of Oregon Post Office Box 3237 Eugene,OR974030237	48-1278531	State of Oregon	32,763				See Footnote 2, Part IV
(140) University of St Thomas 2115 Summit Ave Mail Dev St Paul,MN55105	41-0693970	501(c)(3)	11,000				See Footnote 2, Part IV
(141) University of Tennessee 210 Student Services Building Knoxville,TN379960001	62-6001636	State of Tennessee	310,378				See Footnote 2, Part IV
(142) University of Texas at Austin Post Office Box 7159 Austin,TX787137159	74-6000203	State of Texas	271,000				See Footnote 2, Part IV
(143) University of Texas Dallas 800 West Campbell Road Richardson,TX750803021	75-1305566	State of Texas	714,820				See Footnote 2, Part IV
(144) University of Toledo 2801 W Bancroft Toledo,OH436063390	34-6401483	State of Ohio	30,825				See Footnote 2, Part IV
(145) University of Utah 201 Presidents Circle Room 406 Salt Lake City,UT841129020	87-6000525	State of Utah	417,519				See Footnote 2, Part IV
(146) University of Virginia Post Office Box 400195 Charlottesville,VA229044195	54-6001796	State of Virginia	135,595				See Footnote 2, Part IV
(147) University of Washington Gerberding Hall G80 Box 351202 Seattle,WA98195	91-6001537	State of Washington	66,487				See Footnote 2, Part IV
(148) University of Wyoming Post Office Box 3355 Laramie,WY82071	83-6000331	State of Wyoming	53,539				See Footnote 2, Part IV
(149) Virginia Tech 227 Burrus Hall Blacksburg,VA240610001	54-6001805	State of Virginia	41,535				See Footnote 2, Part IV
(150) Wallin Education Partners 5200 Willson Road Minneapolis,MN55424	20-8505156	501(c)(3)	100,000				See Footnote 2, Part IV
(151) WNIT Public Television 300 W Jefferson South Bend,IN46601	35-1155594	501(c)(3)	22,100				See Footnote 2, Part IV
(152) Women's Care Center 360 North Notre Dame Avenue South Bend,IN46617	35-1609945	501(c)(3)	160,000				See Footnote 2, Part IV
(153) Wright State University 3640 Colonel Glenn Highway Dayton,OH454350002	31-0732831	State of Ohio	123,910				See Footnote 2, Part IV
(154) David M Schwarz Architects Charitable Foundation Inc 8601 Georgia Avenue Suite 1001 Silver Spring,MD20910	26-1125220	501(C)(3)	200,000				SEE FOOTNOTE 2, PART IV

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

144

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) 2014

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a)Type of grant or assistance	(b)Number of recipients	(c)Amount of cash grant
(1) Tuition Scholarships, Fellowships, and Room and Board Discounts	7731	250,308,190
(2) Athletics Grant-in-Aid	350	1,280,267
(3) Housing and Other Assistance	426	498,631
(4) Prizes and Awards	1016	1,535,704
(5) Research/Travel Grant	3576	3,685,038

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 Explanation of procedures for monitoring the use of grant funds

All grants made for research activities are initiated by a formal sub-contract executed by both parties. The terms and conditions of each grant contain all the guidelines for invoicing, billing, record retention, audits, etc. Research and Sponsored Programs Accounting ("RSPA") and the Notre Dame Research Office work in tandem to ensure the guidelines are adhered to. Almost all sub-contracts for research activities are paid on a cost-reimbursement basis. All invoices paid for costs are approved by the Principal Investigator based on completion of work, deliverables met, etc. In addition, RSPA monitors the payments against the total budget to ensure payment is not made above the stipulated ceiling. The University has developed a policy containing guidelines surrounding sub-contracts, some of which were addressed above. This policy can be found at: http://controller.nd.edu/assets/91679/subrecipient_monitoring.pdf. Charitable Organizations that receive contributions for the University are carefully selected and require documentation to support the University's interest in the organization to ensure consistency with the core values of the University. Charitable contributions also require the approval of the Executive Vice President, except for charitable contributions made through the Donor Advised Fund Program. The University provides funding to students and other related individuals for research and other activities to support the furtherance of their education. Funds provided are monitored through applications, budgets and a requirement to document the use of funds either prior to the distribution of funds or upon completion of the activity.

Schedule I, Part II, Line 1(h) Explanation of purpose of grant or assistance

Payments related to work performed on research subcontract related to federal, state or private grant originally made to the University and other assistance in accordance with the University's exempt mission.

Schedule I (Form 990) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

University of Notre Dame du Lac

Employer identification number

35-0868188

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

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

Travel for companions Payments for business use of personal residence

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

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

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....

Yes

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

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

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

During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

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

Yes

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

Yes

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

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations 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? ...........................

Yes

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

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

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

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

Cat. No. 50053T

Schedule J (Form 990) 2014

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 in column(B) 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)
1John F Affleck-Graves PhD Executive VP & Trustee	(i) (ii)	587,290 ............................... 0	790,372 ............................... 0	35,310 ............................... 0	142,600 ............................... 0	19,494 ............................... 0	1,575,066 ............................... 0	419,600 ............................... 0
2Thomas G Burish PhD Provost & Trustee	(i) (ii)	439,909 ............................... 0	0 ............................... 0	20,308 ............................... 0	303,188 ............................... 0	19,720 ............................... 0	783,125 ............................... 0	0 ............................... 0
3Rev John I Jenkins CSC PhD President & Trustee	(i) (ii)	680,812 ............................... 0	0 ............................... 0	68,200 ............................... 0	0 ............................... 0	256,536 ............................... 0	1,005,548 ............................... 0	0 ............................... 0
4Rev Timothy R Scully CSC Professor & Trustee	(i) (ii)	165,340 ............................... 0	0 ............................... 0	16,652 ............................... 0	0 ............................... 0	15,330 ............................... 0	197,322 ............................... 0	0 ............................... 0
5Robert J Bernhard PhD VP for Research	(i) (ii)	347,862 ............................... 0	0 ............................... 0	15,085 ............................... 0	26,000 ............................... 0	19,111 ............................... 0	408,058 ............................... 0	0 ............................... 0
6Christine M Maziar PhD VP & Senior Assoc. Provost	(i) (ii)	333,898 ............................... 0	0 ............................... 0	18,450 ............................... 0	26,000 ............................... 0	8,715 ............................... 0	387,063 ............................... 0	0 ............................... 0
7Louis M Nanni MA VP for University Relations	(i) (ii)	502,424 ............................... 0	88,200 ............................... 0	26,048 ............................... 0	26,000 ............................... 0	28,074 ............................... 0	670,746 ............................... 0	0 ............................... 0
8John A Sejdinaj MBA CCM VP for Finance	(i) (ii)	390,133 ............................... 0	0 ............................... 0	18,542 ............................... 0	26,000 ............................... 0	19,172 ............................... 0	453,847 ............................... 0	0 ............................... 0
9Marianne Corr JD VP & General Counsel	(i) (ii)	477,509 ............................... 0	0 ............................... 0	22,870 ............................... 0	26,000 ............................... 0	9,378 ............................... 0	535,757 ............................... 0	0 ............................... 0
10Scott C Malpass MBA VP & Chief Investment Officer	(i) (ii)	970,629 ............................... 0	2,862,216 ............................... 0	73,432 ............................... 0	1,441,453 ............................... 0	8,555 ............................... 0	5,356,285 ............................... 0	1,022,989 ............................... 0
11John B Swarbrick Jr Athletic Director	(i) (ii)	958,569 ............................... 0	225,471 ............................... 0	109,843 ............................... 0	226,000 ............................... 0	85,187 ............................... 0	1,605,070 ............................... 0	0 ............................... 0
12Charles J Weis Former Head Coach, Football	(i) (ii)	0 ............................... 0	0 ............................... 0	2,054,744 ............................... 0	0 ............................... 0	0 ............................... 0	2,054,744 ............................... 0	0 ............................... 0
13Michael P Brey Head Coach, Basketball	(i) (ii)	813,938 ............................... 0	30,625 ............................... 0	74,230 ............................... 0	26,000 ............................... 0	25,384 ............................... 0	970,177 ............................... 0	0 ............................... 0
14Michael D Donovan MBA JD Managing Director, Invest.	(i) (ii)	534,239 ............................... 0	1,135,766 ............................... 0	27,554 ............................... 0	613,783 ............................... 0	8,963 ............................... 0	2,320,305 ............................... 0	385,943 ............................... 0
15Brian Kelly Head Coach, Football	(i) (ii)	994,924 ............................... 0	450,995 ............................... 0	127,237 ............................... 0	26,000 ............................... 0	25,574 ............................... 0	1,624,730 ............................... 0	0 ............................... 0
16Muffet McGraw Head Coach, Basketball	(i) (ii)	894,850 ............................... 0	345,600 ............................... 0	90,602 ............................... 0	26,000 ............................... 0	20,344 ............................... 0	1,377,396 ............................... 0	0 ............................... 0
17Brian VanGorder Asst. Coach/Coordinator, Football	(i) (ii)	954,881 ............................... 0	14,000 ............................... 0	85,792 ............................... 0	26,000 ............................... 0	25,483 ............................... 0	1,106,156 ............................... 0	0 ............................... 0

Schedule J (Form 990) 2014

Page 3

Part III

Supplemental Information

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

Return Reference	Explanation
Schedule J, Part II Compensation of the Congregation of Holy Cross, United States Province, Inc.	a. There are amounts listed on Form 990, Part VII, in Columns D-F , as well as the amounts listed on Schedule J, Part II, Columns B-F for members of the Holy Cross religious order (Fr. John Jenkins, Fr. James King, and Fr. Timothy Scully). The amounts listed are paid directly to their religious order, Congregation of Holy Cross, United States Province, Inc., rather than to these individuals. b. Fr. Timothy Scully is a member of the Congregation of Holy Cross, United States Province, Inc. religious order and received no compensation for his participation as a Trustee of the University. However Fr. Scully is also a faculty member of the University. As a result of this faculty position (and not his position as a Trustee), he received the compensation indicated above, which was paid directly to his religious order. c. $234,469 of the amount included on Schedule J, Part II, Column D for Fr. Jenkins represents qualified tuition benefit offered to members of the Congregation of Holy Cross, United States Province Inc.
Schedule J, Part I, Line 1a First-class or charter travel	Type of benefit (First class travel): Air travel other than coach class (typically business class) is allowed for travel to Alaska, Hawaii and destinations outside North America, or for necessary medical reasons (accompanied by appropriate supporting documentation), if the situation warrants it and with approval from a Dean or President's Leadership Council Member. Type of benefit (Charter travel): Travel on the University plane or other plane leased by the University requires approval by the President's Office. Recipients of the benefit and tax treatment: First class air travel and charter travel was provided to 16 persons included in Form 990, Part VII, Section A in 2014 and was reported as taxable compensation in those instances where there was not a business purpose for the travel.
Schedule J, Part I, Line 1a Travel for companions	Type of benefit: Spouses of University employees are occasionally asked to travel on University business. Spousal travel reimbursement by the University requires approval by a Dean or President's Leadership Council Member or their authorized representative, and if the business purpose of the spousal travel is not properly documented, it is treated as taxable compensation to the employee. Recipients of the benefit and tax treatment: Travel for companions was provided to 7 persons included in Form 990 Part VII, Section A in 2014 and if the business purpose of the spousal travel was not properly documented, it was treated as taxable compensation to the employee.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments	Type of benefit: Tax indemnification and gross-up payments may occasionally be provided to University employees . Recipients of the benefit and tax treatment: A gross-up payment was provided to 1 person included in Form 990, Part VII. Section A in 2014 and was reported as taxable compensation in those instances.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use	Type of Benefit/Recipients of the benefit and tax treatment: Housing was provided to 2 persons included on Form 990, Part VII, Section A, in 2014 . Both individuals are members of the CSC Religious Order and live in University dormitories or campus apartments while providing guidance to students for the convenience of the University. As a result the housing benefit to these 2 individuals was not included in gross income of the recipients under Section 119 of the Internal Revenue Code.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees	Type of benefit: Social club dues are occasionally paid on behalf of employees of the University, and these dues are added to the individual's income to reflect personal use (as reported on an annual basis). Recipients of the benefit and tax treatment: Social club dues were provided to 7 persons included in Form 990, Part VII, Section A in 2014 and were reported as taxable compensation in all of those instances.
Schedule J, Part I, Line 4a Severance or change-of-control payment	a(i)-Termination payment of $2,054,744 was made during the reporting period to Charles J. Weis under a separation agreement that includes additional annual payments through December, 2015.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan	John Affleck-Graves, Executive Vice President, Thomas Burish, Provost, John W. Swarbrick, Athletic Director, Scott Malpass, Vice President and Chief Investment Officer, and Michael Donovan, Managing Director for Private Capital Investments participated in nonqualified deferred compensation arrangements under Internal Revenue Code Section 457(f) during calendar 2014. Affleck-Graves received an accrued benefit of $116,600 in 2014. Burish received an accrued benefit of $277,188 under his nonqualified deferred compensation plan in 2014. Swarbrick received an accrued benefit of $200,000 during that calendar year . Malpass received an accrued benefit of $1,415,453 in 2014. Donovan received an accrued benefit of $587,783 in 2014. The accrued benefit and related earnings vest to Affleck-Graves, Burish, and Swarbrick at the end of the term of each plan (5 or 6 years) and over a 5 year period to Malpass and Donovan.
Schedule J, Part I, Line 5a Compensation contigent on revenues of the organization	a(i)-Scott Malpass, Vice President and Chief Investment Officer received incentive compensation which was in part calculated contingent on the performance of the University's unitized investment pool. Malpass received $2,862,216 in calendar 2014 related to this program. 5a(ii) -Michael D. Donovan, Managing Director for Private Capital Investments received incentive compensation which was in part calculated contingent on the performance of the University's unitized investment pool. Donovan received $1,135,766 in calendar 2014 related to this program. 5(a)(iii) - Louis M. Nanni , VP for University Relations, received incentive compensation which was in part related to exceeding fund-raising goals. Nanni received $88,200 in calendar 2014 related to this program.

Schedule J (Form 990) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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

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

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization
University of Notre Dame du Lac

Employer identification number
35-0868188

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	St Joseph County Indiana	35-6000194	79061ABK2	09-30-2009	153,953,342	See Part VI		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 . . . . . . . . . . . . . .	153,953,386
4 Gross proceeds in reserve funds . . . . . . . . . . . .
5 Capitalized interest from proceeds . . . . . . . . . . .
6 Proceeds in refunding escrows . . . . . . . . . . . .
7 Issuance costs from proceeds . . . . . . . . . . . .	953,386
8 Credit enhancement from proceeds . . . . . . . . . . .
9 Working capital expenditures from proceeds . . . . . . . . .
10 Capital expenditures from proceeds . . . . . . . . . . .
11 Other spent proceeds . . . . . . . . . . . . . .	153,000,000
12 Other unspent proceeds . . . . . . . . . . . . . .
13 Year of substantial completion . . . . . . . . . . . .
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue? . . . . .	X
15 Were the bonds issued as part of an advance refunding issue? . . . . .		X
16 Has the final allocation of proceeds been made? . . . . . . . .		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . .	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
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .	X

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

Cat. No. 50193E

Schedule K (Form 990) 2014

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
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
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .	X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?	X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . .	0.05 %
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 . . . . . . .	0.04 %
6 Total of lines 4 and 5 . . . . . . . . . . . . .	0.09 %
7 Does the bond issue meet the private security or payment test? . . . . .		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
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

Part IV

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? . .		X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .		X
b Exception to rebate? . . . . . . . .	X
c No rebate due? . . . . . . . .		X
If "Yes" to line 2c, provide in Part VI the date the rebate computation was performed . . . . . .
3 Is the bond issue a variable rate issue? . . . .		X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X
b Name of provider . . . . . . . . .
c Term of hedge . . . . . . . . . .
d Was the hedge superintegrated? . . . .
e Was the hedge terminated? . . . . . .

Schedule K (Form 990) 2014

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
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
7 Has the organization established written procedures to monitor the requirements of section 148? . . .	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

Part VI

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

Return Reference	Explanation
Schedule K, Part I General	On February 5, 2015, the University fully redeemed the outstanding St. Joseph County, Indiana Educational Facilities Variable Rate Revenue Bonds, Series 2003, Series 2005, and Series 2007 with proceeds from the Series 2015 Taxable Fixed Rate Bonds. These refunded bonds are no longer outstanding as of the end of the tax year, and are no longer reported on Form 990 Schedule K. The University's Series 2009 Bonds remain outstanding as of the end of the tax year, and include a refunded portion of the Series 2005 Bonds ($110,000,000) which are subject to reporting requirements. The University continues to evaluate and quantify any private business use related to the original Series 2005 projects as reported in Part III of Form 990 Schedule K.
Schedule K, Part I, Column (f) Description of Purpose	Total issue price of $153,953,341.65, comprised of an original issue premium of $7,388,341.65 and principal amount of $146,565,000 St. Joseph County, Indiana Educational Facilities Refunding Revenue Bonds, Series 2009 issued on September 30, 2009. Bond proceeds were used to refund the St. Joseph County, Indiana Variable Rate Educational Facilities Revenue Bonds, Series 1998 dated October 1, 1998 and ($110,000,000 of) the St. Joseph County, Indiana Variable Rate Educational Facilities Revenue Bonds, Series 2005 dated December 8, 2005. The University continues to evaluate and quantify any private business use related to the original Series 2005 projects as reported in Part III of Form 990 Schedule K. Details of the refunded Series 2005 Bonds (of which a portion are outstanding in the Series 2009 Bonds) are as follows: $185,000,000 St. Joseph County, Indiana Variable Rate Educational Facilities Revenue Bonds, Series 2005 were originally issued on December 8, 2005, with CUSIP number 79061ABA4. $110,000,000 of the Series 2005 Bonds were refunded by the St. Joseph County Series 2009 Bonds. $75,000,000 of the Series 2005 Bonds were converted from a weekly rate period to a term rate period commencing November 6, 2008, with a new CUSIP number 79061ABF3. On February 5, 2015, the remaining $75,000,000 Series 2005 Bonds were fully redeemed with taxable debt through the issuance of the Series 2015 Taxable Fixed Rate Bonds. Series 2005 Bond proceeds were originally used to refund the Indiana Health and Educational Facility Financing Authority Educational Facilities Revenue Bonds, Series 1995 dated August 9, 1995, to refund the St. Joseph County, Indiana Educational Facilities Revenue Bonds, Series 1996 dated September 12, 1996, and to refund a portion of the St. Joseph County, Indiana Variable Rate Educational Facilities Revenue Bonds, Series 2002 dated March 5, 2002. Proceeds were also utilized to finance and reimburse a portion of the costs of various campus improvements. Those improvements include (i) the construction of new roads along the south and east boundaries of the University's campus and the realignment of Angela Boulevard, Edison Road and Ivy Road in connection therewith, and the closing of Juniper Road, (ii) renovation and improvements to the Student Health Center, (iii) repair and regilding of the dome on top of the Administration Building, (iv) renovation and improvements to laboratory facilities within the Galvin Life Science Building, and (v) general construction and renovation projects.
Schedule K, Part II, Line 3 Total proceeds of issue	Amount reported on Line 3 of $153,953,386 includes investment earnings and as a result, does not agree to issue price listed on Part I. The Series 2009 Bonds refunded the Series 1998 Bonds ($43,000,000) and a portion of the Series 2005 Bonds ($110,000,000 of $185,000,000). This amount reported includes the original issue price of $153,953,341.65 (including the original issue premium of $7,388,341.65, a portion of which is amortized each year) plus investment earnings of $44.66.
Schedule K, Part II, Line 10 Capital expenditures from proceeds	Series 2009 was a refunding issue that did not fund capital expenditures.
Schedule K, Part II, Line 11 Other spent proceeds	Amount reported represents the refunded Series 1998 Bonds ($43,000,000)and the portion of refunded Series 2005 Bonds ($110,000,000).
Schedule K, Part II, Line 13 Year of substantial completion	The Series 2009 Bonds only refunded previous issues and did not finance capital expenditures. Therefore, response was left blank. As a point of reference, the 'Year of substantial completion' for the Series 2005 Bonds was 2010.
Schedule K, Part II, Line 16 Final allocation of proceeds	The Series 2009 Bonds only refunded previous issues and did not finance capital expenditures. Therefore, response was indicated as "NO". The final allocation for the Series 2005 Bonds has been made by the University.
Schedule K, Part III, Line 2 Private Business Use - Lease Arrangements	The Series 2009 Bonds refunded the Series 1998 Bonds and a portion of the Series 2005 Bonds. Schedule K does not require consideration of the projects financed by the Series 1998 Bonds. In prior years, private business use percentages were reflected within the Series 2005 Bonds. The Series 2005 Bonds no longer remain outstanding after the taxable refunding with the Series 2015 Bonds in February 2015. Private business use previously reflected under the Series 2005 Bonds is now reflected under the Series 2009 Bonds.
Schedule K, Part III, Line 3b Private Business Use	Internal General Counsel routinely reviews agreements and External counsel is engaged when appropriate to review agreements.
Schedule K, Part III, Line 3d Private Business Use	Internal General Counsel routinely reviews agreements and External counsel is engaged when appropriate to review agreements.
Schedule K, Part III, Line 4 Private Business Use Percentage	The University reported the private business use percentages in Part III of Schedule K after reviewing the private business activity on campus. The University's intent upon issuance of the bonds was that equity contributions would first be allocated to any potential private business use in the financed facilities. The University financed a number of infrastructure/renovation projects that met the criteria as Qualified Improvement Exceptions. The Series 2009 Bonds refunded the Series 1998 and a portion of the Series 2005 Bonds. Schedule K does not require consideration of the projects financed by the Series 1998 Bonds. In prior years, private business use percentages were reflected within the Series 2005 Bonds. The Series 2005 Bonds no longer remain outstanding after the taxable refunding with the Series 2015 Bonds in February 2015. Private business use previously reflected under the Series 2005 Bonds is now reflected under the Series 2009 Bonds.
Schedule K, Part III, Line 5 Private Business Use Percentage	The University reported the private business use percentages in Part III of Schedule K after reviewing the private business activity on campus. The University's intent upon issuance of the bonds was that equity contributions would first be allocated to any potential private business use in the financed facilities. The University financed a number of infrastructure/renovation projects that met the criteria as Qualified Improvement Exceptions. The Series 2009 Bonds refunded the Series 1998 and a portion of the Series 2005 Bonds. Schedule K does not require consideration of the projects financed by the Series 1998 Bonds. In prior years, private business use percentages were reflected within the Series 2005 Bonds. The Series 2005 Bonds no longer remain outstanding after the taxable refunding with the Series 2015 Bonds in February 2015. Private business use previously reflected under the Series 2005 Bonds is now reflected under the Series 2009 Bonds.
Schedule K, Part IV, Line 2a Arbitrage	The Series 2009 Bonds refunded the University's Series 1998 Bonds and a portion of the Series 2005 Bonds. The Series 1998 Bonds met the spend-down requirement, thereby qualifying for an exception to rebate. The Series 2005 Bonds also qualified for an exception to rebate based on meeting the spend-down requirement.
Schedule K, Part IV, Line 2b Arbitrage	The Series 2009 Bonds refunded the University's Series 1998 Bonds and a portion of the Series 2005 Bonds. The Series 1998 Bonds met the spend-down requirement, thereby qualifying for an exception to rebate. The Series 2005 Bonds also qualified for an exception to rebate based on meeting the spend-down requirement.
Schedule K, Part IV, Line 2c Arbitrage	The Series 2009 Bonds refunded the University's Series 1998 Bonds and a portion of the Series 2005 Bonds. The Series 1998 Bonds met the spend-down requirement, thereby qualifying for an exception to rebate. The Series 2005 Bonds also qualified for an exception to rebate based on meeting the spend-down requirement.
Schedule K, Part III, Line 3a Private Business Use - Management or Service Contracts	The Series 2009 Bonds refunded the Series 1998 Bonds and a portion of the Series 2005 Bonds. Schedule K does not require consideration of the projects financed by the Series 1998 Bonds. In prior years, private business use percentages were reflected within the Series 2005 Bonds. The Series 2005 Bonds no longer remain outstanding after the taxable refunding with the Series 2015 Bonds in February 2015. Private business use previously reflected under the Series 2005 Bonds is now reflected under the Series 2009 Bonds.
Schedule K, Part III, Line 3c Private Business Use - Research Agreements	The Series 2009 Bonds refunded the Series 1998 Bonds and a portion of the Series 2005 Bonds. Schedule K does not require consideration of the projects financed by the Series 1998 Bonds. In prior years, private business use percentages were reflected within the Series 2005 Bonds. The Series 2005 Bonds no longer remain outstanding after the taxable refunding with the Series 2015 Bonds in February 2015. Private business use previously reflected under the Series 2005 Bonds is now reflected under the Series 2009 Bonds.

Schedule K (Form 990) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

University of Notre Dame du Lac

Employer identification number

35-0868188

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) 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






Total ...... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance
(1) NA	Employees	236,665	Qualified tuition reduction	Financial aid

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

Cat. No. 50056A

Schedule L (Form 990 or 990-EZ) 2014

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) Pamela Burish	Spouse of Officer/Trustee Thomas Burish	42,578	Compensation from University to Mrs. Burish as an Adjunct Instructor and Fellow for the Institute for Educational Initiatives.		No
(2) Daniel Nussbaum	Son of University Trustee Richard Nussbaum	24,947	Compensation from University to Mr. Daniel Nussbaum as a Regional Development Associate Director.		No
(3) Alexander John Sejdinaj	Son of Former Officer John A. Sejdinaj	32,811	Compensation from University to Mr. Alexander Sejdinaj as a Business Intelligence Associate for Information Technology.		No
(4) University Employee (see Column (b))	Employee is a family member of a substantial contributor to the University	263,878	Salary paid to a University employee who is a family member of a substantial contributor		No

Part V

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

Return Reference	Explanation

Schedule L (Form 990 or 990-EZ) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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

2014

Open to Public Inspection

Name of the organization

University of Notre Dame du Lac

Employer identification number

35-0868188

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	34	0	NONE
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..	X		0	NONE
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	875	101,057,387	Selling cost
10 Securities—Closely held stock .	X	9	6,466,386	Selling cost
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .	X	3	1,356,285	Other
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( Equipment )	X	2	0	NONE
26 Other ( Other )	X	1,178	0	NONE
27 Other ( )
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) (2014)

Page 2

Part II

Supplemental Information. Provide the information required by Part I, lines 30b,
32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation
Schedule M, Part I Column (b)	The amounts shown for "Number of contributions or items contributed" represent number of contributions, not the number of items contributed.
Schedule M, Part I, Line 33 Column (c) Explanation	Other than for gifted securities, the University's policy is to record as revenue only those non-cash contributions in excess of one million dollars, if supported by an appraisal from qualified third party. For gifted securities, the University records the proceeds received upon liquidation, broken down between contribution (for the value at date of gift) and gain or loss (for the difference between contribution and proceeds). For gifted securities of closely held stock, the University records a token value of one dollar, unless furnished with an appraisal from a qualified third party appraiser. However, the University will record liquidation proceeds for closely held stock if the University can obtain confirmation from the company that the company will purchase the shares at a specified price in the near future.
Schedule M, Part I, Line 15 Method of determining noncash contribution amounts	Two of the properties were valued based on selling cost. One of the properties was valued based on the opinion of an expert (appraisal).
Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions	As the need arises, the University may use third parties to sell certain types of non-cash contributions, such as real estate.

Schedule M (Form 990) (2014)

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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 990-EZ 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

2014

Open to Public
Inspection

Name of the organization

University of Notre Dame du Lac

Employer identification number

35-0868188

Return Reference	Explanation
Form 990, Part III, Line 4d Description of other program services	(Expenses $ 96,684,714 including grants of $ 298,301)(Revenue $ 13,179,455) Academic support - The University operates library facilities containing approximately 3,300,000 volumes, serving the University and the local community. The University publishes numerous academic periodicals and volumes and operates a museum of art housing over 27,000 works.
Form 990, Part III, Line 4d Description of other program services	(Expenses $ 27,550,271 including grants of $ 5,976,851)(Revenue $ 6,042,346) Public service - The University's Institute for Educational Initiatives strives to improve the K-12 education of all young people, particularly the disadvantaged through a variety of programs. The largest such program is the ACE program, a two-year service program offering college graduates the opportunity to serve as full-time teachers in under-resourced schools across the United States and several foreign countries. Additionally, the University provides volunteers and financial support for other organizations, both directly and through its Donor Advised Fund Program.
Form 990, Part VI, Line 15 Description of Officers/Identifying of Officers	The Compensation Committee of the Board of Trustees develops, in conjunction with the President, Executive Vice President, and Vice President of Human Resources, an overall Total Reward Philosophy for Key Employees, which supports the University's overall mission, and shall recommend such Total Reward Philosophy to the Board for approval. The Committee acts on behalf of the Board to implement the executive compensation policy, approve executive compensation levels, adopt a benefit and perquisite policy, and justify reasonable compensation paid to the President, Executive Vice President, and Provost of the University, and other persons who are "disqualified persons" under Internal Revenue Code Section 4958 (intermediate sanctions). The Committee researches competitive and reasonable annual base salary levels, annual incentive plans, executive benefit plans, welfare benefits and supplemental benefits of the named executives and other key individuals. Upon completion of the research, the Committee approves the specific levels and amounts of total rewards that will be paid to, or provided for the benefit of, the named executives and other key individuals. The Committee examines the reasonableness of compensation levels. In so doing, the Committee assesses the nature and scope of the position by reviewing the basis on which compensation was paid. This includes a review of compensation for, but not limited to, exceptional performance, additional duties, and/or the unique background, experiences, personal skills and the abilities of the executive, as well as special challenges facing the University that require the use of such attributes or skills. The Committee's evaluation includes valid market data provided by an independent third party consultant that details each compensation component and the total package in light of the University's executive compensation philosophy. The Committee conducts such examination to be able to establish a presumption under Section 4958 that the total reward package offered to "disqualified persons" is reasonable.
Form 990, Part VI, Line 2 Family/business relationships amongst interested persons	Thomas G. Burish, Trustee and Pamela Burish, Spouse - Family relationship, Richard Nussbaum, Trustee and Daniel Patrick Nussbaum, Son - Family relationship, John A. Sejdinaj, Former Officer, and Alexander John Sejdinaj, Son - Family relationship, John J. Brennan, Trustee and Scott C. Malpass, Trustee - Business relationship, Thomas J. Crotty, Jr, Trustee and Thomas Maheras, Trustee - Business relationship, Scott C. Malpass, Trustee and J. Christopher Reyes, Trustee - Business relationship, Richard C. Notebaert, Trustee and Sara Martinez Tucker, Trustee - Business relationship, J. Christopher Reyes, Trustee and Richard Notebaert, Trustee - Business relationship
Form 990, Part VI, Line 11b Review of form 990 by governing body	After internal review of the completed Form 990 and external review by the University's outside tax accountants (PricewaterhouseCoopers), the return is presented to the University's Tax Strategy Committee, which includes University officers (Executive Vice President, Vice President for Finance and General Counsel), the Chief Audit Executive, the Controller and members of his tax and compliance staff, and PricewaterhouseCoopers. Following this internal process, the return is presented for review to the Audit Committee of the Board of Trustees, who review the return and discuss it at a meeting prior to filing the return. Upon completion of their review, it is provided to the full Board of Trustees, also prior to the filing of the return.
Form 990, Part VI, Line 12c Conflict of interest policy	All faculty, staff and students who are in a position to influence or commit resources of the University of Notre Dame are considered "members" who must complete and submit on no less than an annual basis a Conflict of Interest Disclosure Survey. Such surveys are evaluated by the appropriate "Reviewer". Each member's Reviewer depends on whether they are faculty, staff, department chair, or dean but ultimately all actual, potential, and perceived conflicts of interest are reviewed by the University Conflicts Committee. The Reviewer determines whether an actual, potential, or perceived conflict of interest exists and makes a recommendation to the University Conflicts Committee as to what conditions or restrictions, if any, should be imposed by the University to manage, reduce, or eliminate such conflicts. The Reviewer, with input from the member if needed develops a Management Plan for submission to the University Conflicts Committee. The University Conflicts Committee then makes a decision regarding disposition of a disclosure based on the Reviewer's recommendation, the details regarding the Member's actual, potential, or perceived conflict of interest, and the proposed Management Plan. Members of the University's Board of Trustees are governed by a separate conflict of interest policy and must disclose all financial interests and material facts pertinent to any potential conflict on their annual Conflict of Interest statement (or whenever potential conflicts arise) to the Audit Committee of the Board. This policy is coordinated, administered, reviewed, and monitored by the University's internal Audit & Advisory Services department. After any discussion or presentation of the financial interests and material facts to the Audit Committee, the individual must recuse himself/herself during the discussion of, and voting on, the potential conflict. The Audit Committee shall assess whether the potential conflict is reasonable and the result of arms-length negotiation conforming to the University's written policies, as well as if the action furthers the University's charitable purposes and is in the best interests of the University. The Chairman of the Audit Committee shall, if appropriate, appoint a disinterested person or Committee to investigate alternatives to the proposed transaction or arrangement. Should the Audit Committee have reason to believe a Trustee-member has failed to disclose all financial interests and material facts pertinent to a potential conflict of interest, it shall inform the individual of such, and afford the individual the opportunity to further explain all interests and facts pertinent to the potential conflict. If it is determined that an individual has not disclosed all financial interests and material facts pertinent to an actual or potential conflict of interest, corrective action shall be taken as deemed appropriate. The minutes of any meeting of the University's Board of Trustees or other governing board of the University considering a conflict of interest including committees and sub-committees of such boards, shall include the names of those present for discussion and voting, as well as those recused from the discussion and voting, on any transaction, arrangement, relationship, or other action involving a potential conflict of interest.
Form 990, Part VI, Line 19 Required documents available to the public	The University makes its governing documents (https://www.nd.edu/assets/docs/bylaws.pdf, https://www.nd.edu/assets/docs/statutes.pdf) and financial statements (http://controller.nd.edu/annual - reports/) available to the public on the University's website. Notre Dame makes its conflict of interest policy that applies to all employees available to the public by posting it on the University's website (http://generalcounsel.nd.edu/conflict-of-interest-policy). This information, as well as copies of Form 990 and Form 990 - T, is also available upon request. Form 990 is also available on the charity websites Guidestar (http://www2.guidestar.org/) and Charity Navigator (www.charitynavigator.org/) . Notre Dame does not make its trustees' conflict of interest policy available to the public .
Form 990, Part VII, Section A, Line 5 Compensation from an Unrelated Organization	a) The current head football coach is permitted to receive compensation from external sources with prior written approval from the University. The University is not a party to any agreements between the coach and any third party for the payment of compensation to the coach, and the coach does not provide services to the University as a result of any such agreements. Therefore, any external income that the coach may receive is not reported for purposes of the University's response to the question raised on Form 990 Part VII Line 5. b) Other reportable compensation: Name: Michael P. Brey Unrelated Organization: Play by Play Sports Type: Cash Compensation: $1,150,000 Name: Muffet McGraw Unrelated Organization: Play by Play Sports Type: Cash Compensation: $300,000
Form 990, Part VIII, Line 2f Other Program Service Revenue	All other program service revenue - Total Revenue: 7834881, Related or Exempt Function Revenue: 7834881, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part VIII, Line 11d Other Miscellaneous Revenue	All other revenue - Total Revenue: 6392684, Related or Exempt Function Revenue: 6392684, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0;
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	Net gain/(loss) on debt-related derivative instruments - -6836035; Change in value of split-interest agreements - -9052301; Net pension and postretirement benefits-related changes - -28018352; Other non-operating changes in net assets - -2531204;
Form 990, Part VII Compensation of the Congregation of Holy Cross, United States Province, Inc.	Fr. James King is a member of the Congregation of Holy Cross, United States Province, Inc. religious order and received no compensation for his participation as a Trustee of the University. However, Fr. King is also a staff member of the University. As a result of this staff position (and not his position as a Trustee), he received the compensation indicated on Core Form, Part VII, which was paid directly to his religious order.
Form 990, Part I and Part III, Line 1 Organization's Mission	The University of Notre Dame is a Catholic academic community of higher learning, animated from its origins by the Congregation of Holy Cross. The University is dedicated to the pursuit and sharing of truth for its own sake. As a Catholic university, one of its distinctive goals is to provide a forum where, through free inquiry and open discussion, the various lines of Catholic thought may intersect with all the forms of knowledge found in the arts, sciences, professions, and every other area of human scholarship and creativity. The intellectual interchange essential to a university requires, and is enriched by, the presence and voices of diverse scholars and students. The Catholic identity of the University depends upon, and is nurtured by, the continuing presence of a predominant number of Catholic intellectuals. This ideal has been consistently maintained by the University leadership throughout its history. What the University asks of all its scholars and students, however, is not a particular creedal affiliation, but a respect for the objectives of Notre Dame and a willingness to enter into the conversation that gives it life and character. Therefore, the University insists upon academic freedom that makes open discussion and inquiry possible. The University prides itself on being an environment of teaching and learning that fosters the development in its students of those disciplined habits of mind, body, and spirit that characterize educated, skilled, and free human beings. In addition, the University seeks to cultivate in its students not only an appreciation for the great achievements of human beings but also a disciplined sensibility to the poverty, injustice and oppression that burden the lives of so many. The aim is to create a sense of human solidarity and concern for the common good that will bear fruit as learning becomes service to justice. Notre Dame also has a responsibility to advance knowledge in a search for truth through original inquiry and publication. This responsibility engages the faculty and students in all areas of the University, but particularly in graduate and professional education and research. The University is committed to constructive and critical engagement with the whole of human culture. The University encourages a way of living consonant with a Christian community and manifest in prayer, liturgy and service. Residential life endeavors to develop that sense of community and of responsibility that prepares students for subsequent leadership in building a society that is at once more human and more divine. Notre Dame's character as a Catholic academic community presupposes that no genuine search for the truth in the human or the cosmic order is alien to the life of faith. The University welcomes all areas of scholarly activity as consonant with its mission, subject to appropriate critical refinement. There is, however, a special obligation and opportunity, specifically as a Catholic university, to pursue the religious dimensions of all human learning. Only thus can Catholic intellectual life in all disciplines be animated and fostered and a proper community of scholarly religious discourse be established. In all dimensions of the University, Notre Dame pursues its objectives through the formation of an authentic human community graced by the Spirit of Christ.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

- 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

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

University of Notre Dame du Lac

Employer identification number

35-0868188

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) BCMR Feeder-TE GP LLC 518 17th Street Suite 1700 Denver,CO802024130	Feeder fund	DE	6,608	186,629	University of Notre Dame du Lac
(2) Dynamo Brasil III LLC Corporation Trust Center 1209 Orange St Wilmington,DE19801	Investments	DE	0	73,731,315	University of Notre Dame du Lac
(3) ND Properties I LLC Controllers Office 731 Grace Hall Notre Dame,IN46556 27-1677880	Rental real estate	IN	0	12,782,668	University of Notre Dame du Lac
(4) NDI Gateway LLC 203 Main Building Notre Dame,IN46656 47-2320410	Foreign educational activities	IN	0	0	University of Notre Dame du Lac
(5) Santa Fe Interests LLC 300 Park Blvd Suite 201 Itasca,IL60143 20-3977995	Rental real estate	DE	0	49,856,291	University of Notre Dame du Lac

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) Association of Notre Dame Clubs Inc Controllers Office 731 Grace Hall Notre Dame,IN46556 31-1050144	Alumni association	IN	501(c)(3	Type III-FI	University of Notre Dame du Lac	Yes
(2) Fundacion University of Notre Dame Chile Av Vicuna Mackenna 4860 Macul Programas Internacionales Santiago CI	Study abroad program	CI	501(c)(3		University of Notre Dame du Lac	Yes
(3) The University of Notre Dame (USA) in England 1 Suffolk Street London SW1Y 4HG UK	Study abroad program	UK	501(c)(3		University of Notre Dame du Lac	Yes
(4) University of Notre Dame du Lac Gillen Foundation Controllers Office 731 Grace hall Notre Dame,IN46556 23-7125378	Research facility operations	MI	501(c)(3	Type I	University of Notre Dame du Lac	Yes
(5) Voice of the Fighting Irish Inc Controllers Office 731 Grace Hall Notre Dame,IN46556 31-1135580	Radio station	IN	501(c)(3	Type I	University of Notre Dame du Lac	Yes

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

Cat. No. 50135Y

Schedule R (Form 990) 2014

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?
(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) IPND Leverage Lender LLC Controllers Office 724 Grace Hall Notre Dame,IN46556 27-1678084	Finance	IN	University of Notre Dame du Lac	Excluded	464,327	14,154,232		No		Yes
(2) Magna NYC Co-Investment LP 300 Centerville Road Suite 300 East Warwick,RI02886 26-1523052	Real estate investment	DE	GP Magna NYC Co-Investment LLC	Excluded	1,713,556	20,809,012		No			No
(3) Merit Energy Partners VIII LP 13727 Noel Rd Suite 1200 Dallas,TX75240 75-2530212	Direct energy investments	DE	Merit Partners LP	Excluded	62,327,678	111,837,549		No			No
(4) Qiming II Investor Holdings LLC 11400 SE 6th Street Suite 100 Bellevue,WA98004 27-0464551	Feeder fund	WA	University of Notre Dame du Lac	Excluded	581,222	3,912,509		No		Yes
(5) Thor Palmer House Co-Investor LP 25 West 39th Street 11th Floor New York,NY10018 20-3283109	Real estate investment	DE	Thor Palmer House Co-Investor GP LLC	Excluded	-1,147,615	50,079,558		No			No
(6) Catholic Endowment Fund LP 200 State Street 14th Floor Boston,MA02109 61-1739249	Investments	DE	Catholic Investment Services Inc	Excluded	1,205,570	97,603,966		No			No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(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) BCMR Feeder-TE LP 518 17th Street Suite 1700 Denver,CO80202 98-0582629	Feeder fund	CA	University of Notre Dame du Lac	C Corporation	-566,032	19,898,561	Yes
(2) Bradley-DeBartolo Inc Controllers Office 731 Grace Hall Notre Dame,IN46556 34-1765932	Real estate owner/lessor	OH	University of Notre Dame du Lac	C Corporation	2,811,704	0	Yes
(3) Kingdom Ridge Capital Fund Ltd 81 Main Street Suite 209 White Plains,NY10601	Feeder fund	CJ	University of Notre Dame du Lac	C Corporation	-2,893,264	79,233,530	Yes
(4) Sessa Capital (International) Ltd c/o Intertrust Corp Svcs Cayman LTD 190 Elgin Ave George Town,Grand CaymanE9 KYI9005 CJ	Investments	CJ	University of Notre Dame du Lac	C Corporation	-440,952	50,670,725	Yes
(5) Sorin Management Ltd c/o Apex Fund Services Ltd 4th Fl Raffles Tower 19 Cyber City Ebene MP	Investments	MP	University of Notre Dame du Lac	C Corporation	595,497	36,905,561	Yes
(6) TDR Capital II C Holdings LP 50 Lothian Rd Festival Square Edinburgh EH3 9WJ UK 98-0648852	Feeder fund	UK	University of Notre Dame du Lac	C Corporation	5,742,290	36,643,479	Yes
(7) Tegean Offshore Fund Ltd	Feeder fund	CJ	University of Notre Dame du Lac	C Corporation	44,241	100,543,641	Yes
(8) Charitable remainder trusts (53)	Split-interest trusts in which Notre Dame is trustee and remainder beneficiary	IN	University of Notre Dame du Lac	Trust				No

Schedule R (Form 990) 2014

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

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

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

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

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

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

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

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) BCMR Feeder-TE LP	B	2,778,159	Funding provided
(2) BCMR Feeder-TE LP	S	654,211	Amount received
(3) Magna NYC Co-Investment LP	S	4,415,828	Amount received
(4) Merit Energy Partners VIII LP	S	41,580,000	Amount received
(5) Qiming II Investor Holdings LLC	S	367,190	Amount received
(6) TDR Capital II C Holdings LP	S	6,458,565	Amount received
(7) Thor Palmer House Co-Investor LP	S	3,298,213	Amount received
(8) Catholic Endowment Fund LP	B	100,000,000	Funding provided
(9) Fundacion University of Notre Dame Chile	B	393,751	Funding provided
(10) The University of Notre Dame (USA) in England	B	6,441,641	Funding provided/Expenses Incurred
(11) The University of Notre Dame (USA) in England	R	5,178,777	Remittance of revenues collected on behalf of organization
(12) Charitable remainder trust (1)	S	201,174	Remainder interest received
(13) Sorin Management Ltd	S	17,469,688	Amount received
(14) Sorin Management Ltd	B	105,284	Funding provided
(15) University of Notre Dame Gillen Foundation	B	596,094	Funding provided
(16) Voice of the Fighting Irish Inc	B	80,583	Funding provided
(17) IPND Leverage Lender LLC	S	125,609	Amount received

Schedule R (Form 990) 2014

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) 2014

Page 5

Part VII

Supplemental Information

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

Return Reference	Explanation

Schedule R (Form 990) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

1	Briefly describe the organization’s mission or most significant activities: See Schedule O
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	48
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	45
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	18,166
6	Total number of volunteers (estimate if necessary) .............	6	2,309
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	34,400,171
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	512,128,943	576,997,138
9	Program service revenue (Part VIII, line 2g) .........	792,553,312	832,670,150
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	652,460,924	757,141,244
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	17,153,268	17,483,613
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	1,974,296,447	2,184,292,145
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	266,671,858	282,997,526
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)	613,037,206	635,675,665
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 38,940,566
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	402,914,982	438,095,597
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,282,624,046	1,356,768,788
19	Revenue less expenses. Subtract line 18 from line 12.......	691,672,401	827,523,357
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	11,919,446,599	12,993,657,716
21	Total liabilities (Part X, line 26).............	2,058,140,599	2,318,848,413
22	Net assets or fund balances. Subtract line 21 from line 20.....	9,861,306,000	10,674,809,303

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 646,545,594 including grants of $ 250,478,831 ) (Revenue $ 561,551,213 )
	Instruction - Provided academic instruction and services to approximately 12,000 undergraduate and graduate students pursuing courses of study within five undergraduate colleges, a business school, a law school and graduate school. Conferred approximately 3,500 baccalaureate, master's, doctoral and professional degrees.

4b	(Code: ) (Expenses $ 227,076,295 including grants of $ 5,595,906 ) (Revenue $ 252,879,545 )
	Auxiliary enterprises - Provided services to the University community, its guests and other patrons including food services, student and visitor lodging, laundry services, and multiple recreational facilities. The University intercollegiate athletics program enabled student-athletes to compete in twenty-six sports programs at the NCAA Division I level.

4c	(Code: ) (Expenses $ 115,346,775 including grants of $ 20,647,637 ) (Revenue $ 8,439,901 )
	Research - University researchers administered more than 800 awards for studies based within the disciplines of engineering, science and humanities.

	(Code: ) (Expenses $ 96,684,714 including grants of $ 298,301 ) (Revenue $ 13,179,455 )
	Academic support - The University operates library facilities containing approximately 3,300,000 volumes, serving the University and the local community. The University publishes numerous academic periodicals and volumes and operates a museum of art housing over 27,000 works.

	(Code: ) (Expenses $ 27,550,271 including grants of $ 5,976,851 ) (Revenue $ 6,042,346 )
	Public service - The University's Institute for Educational Initiatives strives to improve the K-12 education of all young people, particularly the disadvantaged through a variety of programs. The largest such program is the ACE program, a two-year service program offering college graduates the opportunity to serve as full-time teachers in under-resourced schools across the United States and several foreign countries. Additionally, the University provides volunteers and financial support for other organizations, both directly and through its Donor Advised Fund Program.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 124,234,985 including grants of $ 6,275,152 ) (Revenue $ 19,221,801 )
4e	Total program service expenses1,113,203,649

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	18,973,164	0	3,571,374

				(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		0
b	Membership dues....1b		0
c	Fundraising events....1c		622,194
d	Related organizations...1d		0
e	Government grants (contributions)1e		86,258,879

f	All other contributions, gifts, grants, and similar amounts not included above1f		490,116,065

g	Noncash contributions included in lines 1a-1f:$		108,880,058
h	Total. Add lines 1a-1f.......			576,997,138
			Business Code
2a	Student tuition and fees		611310	543,928,766	543,928,766	0	0
b	Auxiliary enterprises		611710	250,584,399	244,318,032	6,266,367	0
c	Research contracts (gov't and non-gov"t)		611310	8,105,772	7,466,356	639,416	0
d	Educational programs		900099	19,072,531	18,902,716	169,815	0
e	Student services		611710	3,143,801	3,143,801	0	0
f	All other program service revenue .			7,834,881	7,834,881	0	0
g	Total. Add lines 2a–2f........			832,670,150
3	Investment income (including dividends, interest, and other similar amounts).......			139,039,942	0	26,743,720	112,296,222
4	Income from investment of tax-exempt bond proceeds..			0	0	0	0
5	Royalties...........			7,385,444	0	0	7,385,444
		(i) Real	(ii) Personal
6a	Gross rents	12,345,125	0
b	Less: rental expenses	11,550,210	0
c	Rental income or (loss)	794,915	0
d	Net rental income or (loss).......			794,915	0	0	794,915
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	3,164,064,000	1,030,491
b	Less: cost or other basis and sales expenses	2,546,800,802	192,387
c	Gain or (loss)	617,263,198	838,104
d	Net gain or (loss)..........			618,101,302	0	0	618,101,302
8a	Gross income from fundraising events (not including $ 622,194 of contributions reported on line 1c). See Part IV, line 18 ..
	a		313,540
b	Less: direct expenses ...b		510,762
c	Net income or (loss) from fundraising events..			-197,222		0	-197,222
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a		79,348
b	Less: direct expenses ...b		1,182
c	Net income or (loss) from gaming activities...			78,166	0	0	78,166
10a	Gross sales of inventory, less returns and allowances .
	a		0
b	Less: cost of goods sold ..b		0
c	Net income or (loss) from sales of inventory..			0	0	0	0
Miscellaneous Revenue			Business Code
11a	Alumni Association		900099	3,029,626	2,448,773	580,853	0
b
c
d	All other revenue ....			6,392,684	6,392,684	0	0
e	Total. Add lines 11a–11d ......			9,422,310
12	Total revenue. See Instructions......			2,184,292,145	834,436,009	34,400,171	738,458,827


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			0	1	0
2	Savings and temporary cash investments .........			94,259,328	2	203,592,795
3	Pledges and grants receivable, net ...........			307,174,842	3	433,467,514
4	Accounts receivable, net .............			29,038,588	4	40,620,170
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
				0	6
7	Notes and loans receivable, net .............			45,925,267	7	44,692,371
8	Inventories for sale or use ..............			10,027,293	8	8,943,633
9	Prepaid expenses and deferred charges ..........			27,789,112	9	30,720,605
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	2,197,766,032
b	Less: accumulated depreciation .....	10b	682,642,743	1,382,730,153	10c	1,515,123,289
11	Investments—publicly traded securities ..........			1,415,665,370	11	1,749,683,261
12	Investments—other securities. See Part IV, line 11 .....			8,597,286,224	12	8,950,275,998
13	Investments—program-related. See Part IV, line 11 .....			0	13
14	Intangible assets ...............			0	14	6,454,713
15	Other assets. See Part IV, line 11 ...........			9,550,422	15	10,083,367
16	Total assets. Add lines 1 through 15 (must equal line 34)......			11,919,446,599	16	12,993,657,716
17	Accounts payable and accrued expenses .........			97,140,306	17	157,934,697
18	Grants payable .................			0	18	0
19	Deferred revenue ................			60,820,095	19	42,180,581
20	Tax-exempt bond liabilities .............			356,252,031	20	160,962,541
21	Escrow or custodial account liability. Complete Part IV of Schedule D..			0	21	0
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........			0	22
23	Secured mortgages and notes payable to unrelated third parties ..			52,280,152	23	62,665,188
24	Unsecured notes and loans payable to unrelated third parties ....			260,000,000	24	660,000,000
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................			1,231,648,015	25	1,235,105,406
26	Total liabilities. Add lines 17 through 25.........			2,058,140,599	26	2,318,848,413
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			4,365,744,677	27	4,630,672,063
28	Temporarily restricted net assets ...........			3,822,007,763	28	4,169,034,477
29	Permanently restricted net assets ...........			1,673,553,560	29	1,875,102,763
	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 ...........			9,861,306,000	33	10,674,809,303
34	Total liabilities and net assets/fund balances ........			11,919,446,599	34	12,993,657,716

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; do not file with Form 990)............................	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; do not file with Form 990).....................................	Yes	No