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)	(F) Estimated amount of other compensation from the organization and related organizations
(1) DREW GILPIN FAUST PRESIDENT/TRUSTEE	1.00 .......................61.00	X	X			0	816,370	386,610
(2) PAUL J FINNEGAN TREASURER/TRUSTEE	1.00 .......................6.00	X	X			0	0	0
(3) LAWRENCE S BACOW TRUSTEE	1.00 .......................10.00	X				0	24,064	2,553
(4) JAMES W BREYER TRUSTEE	1.00 .......................5.00	X				0	0	0
(5) KENNETH I CHENAULT TRUSTEE (BEGAN 07/2014)	1.00 .......................5.00	X				0	0	0
(6) SUSAN L GRAHAM TRUSTEE	1.00 .......................5.00	X				0	0	0
(7) NANNERL O KEOHANE TRUSTEE	1.00 .......................5.00	X				0	0	0
(8) WILLIAM F LEE TRUSTEE	1.00 .......................5.00	X				0	0	0
(9) JESSICA T MATHEWS TRUSTEE	1.00 .......................5.00	X				0	0	0
(10) KAREN GORDON MILLS TRUSTEE (BEGAN 07/2014)	1.00 .......................45.00	X				0	139,230	18,945
(11) JOSEPH J O'DONNELL TRUSTEE	3.00 .......................5.00	X				0	0	0
(12) JAMES F ROTHENBERG TRUSTEE	1.00 .......................6.00	X				0	0	0
(13) THEODORE V WELLS JR TRUSTEE	1.00 .......................5.00	X				0	0	0
(14) MARC L GOODHEART V.P AND SECRETARY OF THE UNIVERSITY	1.00 .......................60.00		X			0	339,828	55,236
(15) JAN M ZIOLKOWSKI DIRECTOR, DUMBARTON OAKS	55.00 .......................5.00			X		186,822	963	171,749
(16) GREGORY NAGY DIRECTOR, CENTER FOR HELLENIC STUDIES	40.00 .......................20.00			X		16,000	211,007	123,951
(17) GUDRUN BUEHL CURATOR AND MUSEUM DIRECTOR	60.00 .......................0				X	118,542	0	12,244

(A) Name and business address	(B) Description of services	(C) Compensation
THE WHITING-TURNER CONTRACTING COMPANY PO BOX 17596 BALTIMORE,MD21297	CONSTRUCTION SERVICES	11,374,584
GENESIS SECURITY SYSTEMS 20310 SENECA MEADOWS PKWY SUITE A GERMANTOWN,MD20876	SECURITY SERVICES	550,747
SECURITAS SECURITY SERVICES USA INC PO Box 403412 Atlanta,GA303843412	SECURITY SERVICES	544,444
Presidio Corporation Presidio Networked Solutions PO Box 822169 Philadelphia,PA191822169	Wireless Network Services	524,518
CUNNINGHAM QUILL ARCHITECTS PLLC 1054 31ST ST SUITE 315 WASHINGTON,DC20007	ARCHITECTURAL SERVICES	411,562
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 9

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 ....	0	0
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ....	1,088,863	1,088,863
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............	322,068	322,068
4	Benefits paid to or for members ....	0	0
5	Compensation of current officers, directors, trustees, and key employees ....	245,614	196,491	49,123
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages ....	7,986,797	6,337,870	1,648,927
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	738,710	570,359	168,351
9	Other employee benefits .......	1,861,568	1,300,595	560,973
10	Payroll taxes ...........	605,180	467,261	137,919
11	Fees for services (non-employees):
a	Management ......	79,497	17,013	62,484
b	Legal .........	86,663	325	86,338
c	Accounting ...........	25,348	2,160	23,188
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....	1,006,529	938,496	68,033	0
12	Advertising and promotion ....	14,393	5,924	8,469
13	Office expenses .......	1,011,013	838,280	172,733
14	Information technology ......	425,692	369,412	56,280
15	Royalties ..	1,480	1,480	0
16	Occupancy ...........	3,019,423	2,800,890	218,533
17	Travel ............	661,083	552,922	108,161
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......
19	Conferences, conventions, and meetings ....	454,848	382,261	72,587
20	Interest ...........	1	0	1
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization .....	2,937,936	2,507,703	430,233
23	Insurance ..............	324,069	180,303	143,766
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	ADMIN FEES TO HU	9,371,089	7,950,266	1,420,823
b	BOOKS AND SUBSCRIPTIONS	688,109	667,464	20,645
c	MUSEUM COLLECTION FEES	268,999	268,999
d	PUBLISHING	206,801	200,866	5,935
e	All other expenses	285,655	227,232	58,423	0
25	Total functional expenses. Add lines 1 through 24e	33,717,428	28,195,503	5,521,925	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here 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 .............	382,516	1	557,361
2	Savings and temporary cash investments .........		2
3	Pledges and grants receivable, net ...........		3
4	Accounts receivable, net .............	138,913	4	84,326
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 .............		7
8	Inventories for sale or use ..............	38,401	8	47,193
9	Prepaid expenses and deferred charges ..........	25,740	9	93,878
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	130,146,975
b	Less: accumulated depreciation .....	10b	34,553,180	87,541,553	10c	95,593,795
11	Investments—publicly traded securities ..........	534,505,919	11	569,048,243
12	Investments—other securities. See Part IV, line 11 .....	331,798,057	12	328,288,339
13	Investments—program-related. See Part IV, line 11 .....	0	13
14	Intangible assets ...............		14
15	Other assets. See Part IV, line 11 ...........	214,627,839	15	187,228,464
16	Total assets. Add lines 1 through 15 (must equal line 34)......	1,169,058,938	16	1,180,941,599
	17	Accounts payable and accrued expenses .........	3,803,660	17	2,559,594
18	Grants payable .................		18
19	Deferred revenue ................	50,100	19	1,100
20	Tax-exempt bond liabilities .............		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........	0	22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ....		24
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....................	0	25	0
26	Total liabilities. Add lines 17 through 25.........	3,853,760	26	2,560,694
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	1,066,391,559	27	1,074,500,752
28	Temporarily restricted net assets ...........	56,304,412	28	61,370,946
29	Permanently restricted net assets ...........	42,509,207	29	42,509,207
	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 ...........	1,165,205,178	33	1,178,380,905
34	Total liabilities and net assets/fund balances ........	1,169,058,938	34	1,180,941,599

- 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

Trustees for Harvard University

Employer identification number

53-0199180

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 ............................. 1

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)
(A) PRESIDENT AND FELLOWS OF HARVARD COLLEGE	042103580	Yes		10,568,417	0

Total 1				10,568,417

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.") ....
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public support. Subtract line 5 from line 4.

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support Add lines 7 through 10.

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

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)) .........

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

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).

Yes

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 I, Line 11g Description of Monetary Support	President and Fellows of Harvard College: the support to President and Fellows of Harvard College (President and Fellows) listed in column (v) of Line A is reported on the President and Fellows' Form 990, Schedule R, Part V as a gift, grant, or capital contribution from a related organization for the year ended June 30, 2015.
Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name	The supported organization is President and Fellows of Harvard College is designated by class as any "scientific or education institution, wherever organized, which is not conducted for private gain."

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

Trustees for Harvard University

Employer identification number

53-0199180

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 Trustees for Harvard University

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$RESTRICTED	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 Trustees for Harvard University

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

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

Page 4

Name of organization
Trustees for Harvard University

Employer identification number

53-0199180

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 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

Trustees for Harvard University

Employer identification number

53-0199180

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

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:


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

Did the organization include an amount on Form 990, Part X, line 21, 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 ....	1,044,362,000	946,827,000	893,670,000	910,795,000	675,213,000
b	Contributions ........		0	0	4,210,000	117,320,000
c	Net investment earnings, gains, and losses	57,521,000	138,231,000	95,856,000	-352,000	160,245,000
d	Grants or scholarships .....	892,000	1,315,000	1,404,000	906,000	1,075,000
e	Other expenditures for facilities and programs ........	37,328,000	39,381,000	39,672,000	16,913,000	37,744,000
f	Administrative expenses ....	1,849,000	0	1,623,000	3,164,000	3,164,000
g	End of year balance ......	1,061,814,000	1,044,362,000	946,827,000	893,670,000	910,795,000

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

Board designated or quasi-endowment SchDMd Bullet

9.1 %

Permanent endowment SchDMd Bullet

4.5 %

Temporarily restricted endowment SchDMd Bullet

86.4 %

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)

Yes

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

Yes

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

Part VI

Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................	3,172,680		3,172,680
b	Buildings ................	22,028,079	30,927,156	-8,899,077
c	Leasehold improvements ............
d	Equipment ................	4,797,266	3,626,024	1,171,242
e	Other .................	100,148,950		100,148,950
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				95,593,795

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
(2)Closely-held equity interests
(3)Other (A) REAL ASSETS	209,845,787	F
(B) PRIVATE EQUITIES	118,442,552	F







Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	328,288,339

Part VIII

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

(a) Description of investment		(b) Book value	(c) Method of valuation: Cost or end-of-year market value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

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

(a) Description				(b) Book value
(1) COLLATERAL ADVANCED UNDER SECURITY BORROWING AGREEMENTS				139,046,830
(2) DUE FROM HARVARD UNIVERSITY				5,280,207
(3) OTHER INVESTMENTS				25,431,210
(4) CASH AND EQUIV HELD BY HARVARD UNIVERSITY				17,470,217





Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				187,228,464

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









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
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
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

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

Return Reference	Explanation
Schedule D, Part III, Line 1a WORKS OF ART	THE UNIVERSITY'S VAST ARRAY OF MUSEUMS AND LIBRARIES HOUSES PRICELESS WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS, AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICE. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES.
Schedule D, Part X, Line 2 FIN 48 (ASC 740)	EFFECTIVE JULY 1, 2007, HARVARD UNIVERSITY, WHICH INCLUDES TRUSTEES OF HARVARD COLLEGE IN THEIR CONSOLIDATED FINANCIAL STATEMENTS, ADOPTED FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FIN 48 (ASC 740)). FIN 48 (ASC 740) SETS A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFIT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX POSITIONS FOR THE OPEN TAX YEARS AS OF JUNE 30, 2015 WERE REVIEWED AND IT WAS DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX PROVISIONS WAS REQUIRED. ACCORDINGLY, THERE IS NO DISCLOSURE IN THE JUNE 30, 2015 FINANCIAL STATEMENTS REGARDING UNCERTAIN TAX POSITIONS.
Schedule D, Part V, Line 1b TWO YEARS BACK	THE $4,210,000 LISTED AS CONTRIBUTIONS IN PART V, LINE 1B, (C) TWO YEARS BACK, REPRESENTS A CHANGE IN PRESENTATION TO THE ENDOWMENT BEGINNING BALANCE. THIS CHANGE IN PRESENTATION DOES NOT AFFECT TOTAL NET ASSETS.
Schedule D, Part III, Line 4 Collections of art - description of collections	CENTER FOR HELLENIC STUDIES COLLECTIONS THE CENTER FOR HELLENIC STUDIES COLLECTIONS IS MAINLY A LIBRARY COLLECTION COMPRISING APPROXIMATELY 60,000 VOLUMES IN THE FIELD OF HELLENIC STUDIES COVERING A WIDE RANGE OF DISCIPLINES. THE LIBRARY COLLECTION IS A VALUABLE RESOURCE TO RESEARCHERS. DUMBARTON OAKS COLLECTIONS THE DUMBARTON OAKS MUSEUM COMPRISES THREE COLLECTIONS (THE BYZANTINE COLLECTION, THE ROBERT WOODS BLISS COLLECTION OF PRE-COLUMBIAN ART, AND THE HOUSE COLLECTION). THE DUMBARTON OAKS MUSEUM HAS 35,000 OBJECTS RECORDED AND MANAGED THROUGH AN ELECTRONIC DATABASE IN A WIDE RANGE OF MEDIA - MINOR ART, SCULPTURE, ANTIQUE FURNITURE, TEXTILES AND WALL TAPESTRIES, FLOOR MOSAICS, PRINTS, PAINTING AND MONUMENTAL FRESCO REPLICA PAINTING COMING FROM EUROPE, MIDDLE AND SOUTH AMERICA, NORTH AMERICA, AND ASIA. THE DUMBARTON OAKS MUSEUM'S COLLECTIONS ARE AN IMPORTANT RESOURCE FOR THE SCHOLARLY COMMUNITY OF THE DUMBARTON OAKS RESEARCH INSTITUTE AS WELL AS TO STUDENTS AND A BROADER GENERAL PUBLIC. THE MISSION OF THE DUMBARTON OAKS MUSEUM IS TO CONNECT SCHOLARS WITH ART AND ART SCHOLARSHIP WITH THE PUBLIC. THROUGH AN ACTIVE PROGRAM OF RESEARCH AND EXHIBITIONS, THE MUSEUM STRIVES TO ADVANCE KNOWLEDGE AND STIMULATE APPRECIATION OF ART BY ENGAGING VISITORS AESTHETICALLY, VISUALLY, AND INTELLECTUALLY.
Schedule D, Part V, Line 4 Intended uses of endowment funds	THE PRIMARY GOAL OF THE ENDOWMENT IS TO SUPPORT TRUSTEES' MISSION OF FACILITATING HARVARD UNIVERSITY'S SCIENTIFIC, LITERARY, AND EDUCATIONAL ACTIVITIES IN WASHINGTON, DC.

Schedule D (Form 990) 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
Trustees for Harvard University

Employer identification number

53-0199180

Part I

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

For grantmakers. Does the organization maintain records to substantiate the amount of its grants

and other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria

used to award the grants or assistance? ...........................

Yes

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

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

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in region	(d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in region	(f) Total expenditures for and investments in region
	Central America and the Caribbean			Grantmaking		39,377
	East Asia and the Pacific			Grantmaking		2,597
	Europe (Including Iceland and Greenland)	1	4	Program Services	CLASSICAL STUDIES	432,078
	Europe (Including Iceland and Greenland)			Program Services	EDUCATIONAL ACTIVITIES	298,782
	Europe (Including Iceland and Greenland)			Grantmaking		237,533
	Middle East and North Africa			Grantmaking		3,500
	North America (Canada & Mexico only)			Program Services	Educational Activities	12,239
	Russia and Neighboring States			Grantmaking		6,655
	South America			Grantmaking		846
	South America			Program Services	EDUCATIONAL ACTIVITIES	7,282
	South Asia			Grantmaking		846
	Sub-Saharan Africa			Grantmaking		30,714





3a	Sub-total .....	1	4			1,072,449
b	Total from continuation sheets to Part I ...	0	0			0
c	Totals (add lines 3a and 3b)	1	4			1,072,449

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.

1 (a) Name of organization		(b) IRS code section and EIN (if applicable)	(a)(c) Region	(b)(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of non-cash assistance	(h) Description of non-cash assistance	(i) Method of valuation (book, FMV, appraisal, other)

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
STIPENDS, SCHOLARSHIPS, AND RESEARCH-RELATED REIMBURSEMENTS	Europe (Including Iceland and Greenland)	40	53,317	EFT OR CHECK
FELLOWSHIPS	Central America and the Caribbean	1	39,377	EFT OR CHECK
FELLOWSHIPS	East Asia and the Pacific	1	2,597	EFT OR CHECK
FELLOWSHIPS	Middle East and North Africa	1	3,500	EFT OR CHECK
FELLOWSHIPS	Russia and Neighboring States	3	6,655	EFT OR CHECK
FELLOWSHIPS	South America	1	846	EFT OR CHECK
FELLOWSHIPS	South Asia	1	846	EFT OR CHECK
FELLOWSHIPS	Sub-Saharan Africa	5	30,714	EFT OR CHECK
FELLOWSHIPS	Europe (Including Iceland and Greenland)	18	184,216	EFT OR CHECK

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 Procedures for monitoring use of grant funds	ALL DISBURSEMENTS MADE BY THIS INSTITUTION IN FURTHERANCE OF ITS EXEMPT PROGRAMS ARE REVIEWED AND APPROVED BY DULY AUTHORIZED COMMITTEES OR INDIVIDUALS. ALL SCHOLARSHIPS ARE REVIEWED AND APPROVED BY HARVARD'S FINANCIAL AID OFFICES.
Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS	ALL DISBURSEMENTS MADE BY THIS INSTITUTION IN FURTHERANCE OF ITS EXEMPT PROGRAMS ARE REVIEWED AND APPROVED BY DULY AUTHORIZED COMMITTEES OR INDIVIDUALS. ALL SCHOLARSHIPS ARE REVIEWED AND APPROVED BY HARVARD'S FINANCIAL AID OFFICES.

Schedule F (Form 990) 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
Trustees for Harvard University

Employer identification number
53-0199180

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

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

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) STIPENDS FOR POST-DOCTORAL STUDENTS AND FELLOWS	16	272,000
(2) TRAVEL GRANTS	4	2,000
(3) RESEARCH-RELATED REIMBURSEMENTS FOR FELLOWS	17	64,145
(4) FELLOWSHIPS	45	750,718

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 Description Of Procedure For Monitoring Use Of Grant Funds	ALL DISBURSEMENTS MADE BY THIS INSTITUTION IN FURTHERANCE OF ITS EXEMPT PROGRAMS ARE REVIEWED AND APPROVED BY DULY AUTHORIZED COMMITTEES OR INDIVIDUALS.
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	ALL DISBURSEMENTS MADE BY THIS INSTITUTION IN FURTHERANCE OF ITS EXEMPT PROGRAMS ARE REVIEWED AND APPROVED BY DULY AUTHORIZED COMMITTEES OR INDIVIDUALS.

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

Trustees for Harvard University

Employer identification number

53-0199180

Part I

Questions Regarding Compensation

Yes

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

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

Travel for companions Payments for business use of personal residence

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

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

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

Yes

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

Yes

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

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

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

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

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

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

Yes

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

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

Only 501(c)(3), 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? ...........................

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

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

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

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

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

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

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

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)
1DREW GILPIN FAUST PRESIDENT/TRUSTEE	(i) (ii)	0 ............................... 810,884	0 ............................... 0	0 ............................... 5,486	0 ............................... 233,150	0 ............................... 153,460	0 ............................... 1,202,980	0 ............................... 0
2KAREN GORDON MILLS TRUSTEE (BEGAN 07/2014)	(i) (ii)	0 ............................... 139,077	0 ............................... 0	0 ............................... 153	0 ............................... 15,506	0 ............................... 3,439	0 ............................... 158,175	0 ............................... 0
3MARC L GOODHEART V.P AND SECRETARY OF THE UNIVERSITY	(i) (ii)	0 ............................... 339,486	0 ............................... 0	0 ............................... 342	0 ............................... 33,407	0 ............................... 21,829	0 ............................... 395,064	0 ............................... 0
4JAN M ZIOLKOWSKI DIRECTOR, DUMBARTON OAKS	(i) (ii)	186,585 ............................... 0	0 ............................... 0	237 ............................... 963	22,957 ............................... 22,957	125,694 ............................... 141	335,473 ............................... 24,061	0 ............................... 0
5GREGORY NAGY DIRECTOR, CENTER FOR HELLENIC STUDIES	(i) (ii)	16,000 ............................... 210,995	0 ............................... 0	0 ............................... 12	0 ............................... 27,352	72,750 ............................... 23,849	88,750 ............................... 262,208	0 ............................... 0
6SUZANNE DAY DIRECTOR FEDERAL RELATIONS	(i) (ii)	165,758 ............................... 0	5,725 ............................... 0	92 ............................... 0	19,117 ............................... 0	0 ............................... 0	190,692 ............................... 0	0 ............................... 0
7ALAN DIRICAN Director of Facilities	(i) (ii)	158,362 ............................... 0	4,000 ............................... 0	86 ............................... 0	16,322 ............................... 0	0 ............................... 0	178,770 ............................... 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 I, Line 1a First-class or charter travel	TRUSTEES' TRAVEL POLICY PROHIBITS FIRST CLASS TRAVEL EXCEPT IN LIMITED CIRCUMSTANCES. IN ACCORDANCE WITH THIS POLICY, ONE OFFICER TRAVELED FIRST CLASS ON A SMALL NUMBER OF TRIPS DURING THE YEAR. TRAVEL EXPENSES ARE INCURRED FOR TRUSTEES BUSINESS PURPOSES AND THEREFORE ARE NOT TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Travel for companions	TRUSTEES' TRAVEL POLICY ALLOWS REIMBURSEMENT OF TRAVEL EXPENSES INCURRED BY COMPANION TRAVELERS WHEN THE COMPANION HAS A SIGNIFICANT ROLE IN THE BUSINESS PROCEEDINGS, OR MAKES AN IMPORTANT CONTRIBUTION TO THE SUCCESS OF AN EVENT. IN ACCORDANCE WITH THIS POLICY, ONE OFFICER WAS REIMBURSED FOR COMPANION TRAVEL DURING THE YEAR. IN THESE LIMITED CIRCUMSTANCES, THE REIMBURSEMENT OF COMPANION AND FAMILY MEMBER TRAVEL EXPENSES WAS A LEGITIMATE BUSINESS EXPENSE FOR TRUSTEES AND THEREFORE IT WAS NOT REPORTED IN THE EMPLOYEES' TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use	TRUSTEES FOR HARVARD UNIVERSITY PROVIDES HOUSING TO PROFESSOR ZIOLKOWSKI AND PROFESSOR NAGY, KEY EMPLOYEES. THEY ARE REQUIRED TO RESIDE IN THE RESPECTIVE HOUSES AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF DUMBARTON OAKS AND THE CENTER FOR HELLENIC STUDIES. THE ESTIMATED VALUE OF THE NONTAXABLE HOUSING BENEFITS REPORTED ON FORM 990, PART VIII, SECTION A, COLUMN F, ARE $106,000 FOR PROFESSOR ZIOLKOWSKI AND $72,750 FOR PROFESSOR NAGY.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan	AS DISCUSSED IN SCHEDULE O, OFFICERS ARE NOT COMPENSATED IN THEIR CAPACITY AS OFFICERS OF TRUSTEES FOR HARVARD UNIVERSITY. TRUSTEES' OFFICERS ALSO SERVE AS OFFICERS OF THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE. THE PRESIDENT OF TRUSTEES IS COMPENSATED FOR HER POSITION AT PRESIDENT AND FELLOWS OF HARVARD COLLEGE. DURING CALENDAR YEAR 2014, THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE CONTRIBUTED $200,000 TO PRESIDENT FAUST'S DEFERRED COMPENSATION ACCOUNT. THE $200,000 IS REPORTED ON SCHEDULE J, PART II, COLUMN (C)(ii), "RETIREMENT AND OTHER DEFERRED COMPENSATION" FROM RELATED ORGANIZATIONS. THE AMOUNT FULLY VESTED IN CALENDAR YEAR 2015. PER THE 990 INSTRUCTIONS, THE AMOUNT WILL BE REPORTED AS TAXABLE INCOME TO THE PRESIDENT IN NEXT YEAR'S FORM 990 (FY2016).
Schedule J, Part I, Line 7 Non-fixed payments	TRUSTEES FOR HARVARD UNIVERSITY OFFERS INCENTIVE COMPENSATION FOR OUTSTANDING PERFORMANCE. BONUS AND INCENTIVE PAYMENTS FOR EMPLOYEES ARE LISTED IN PART II, COLUMN (B)(II), row (i). Additionally, President and Fellows of Harvard College offers incentive compensation for outstanding performance. Bonus and incentive payments from President and Fellows of Harvard College for officers, key employees, and highest compensated employees are listed in Part II, Column (B)(ii), row (ii).

Schedule J (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

Trustees for Harvard University

Employer identification number

53-0199180

Return Reference	Explanation
Form 990, Part VI, Line 2 FAMILY OR BUSINESS RELATIONSHIP	THE GOVERNING BOARD OF TRUSTEES FOR HARVARD UNIVERSITY IS COMPRISED OF THE SAME INDIVIDUALS AS THE GOVERNING BOARD OF THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE. CERTAIN OFFICERS, TRUSTEES, AND KEY EMPLOYEES OF TRUSTEES ARE EMPLOYED BY PRESIDENT AND FELLOWS OF HARVARD COLLEGE, INCLUDING PRESIDENT FAUST, SECRETARY GOODHEART, TRUSTEES BACOW AND MILLS, AND KEY EMPLOYEE NAGY. KEY EMPLOYEE ZIOLKOWSKI HAS A FACULTY APPOINTMENT AT THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE.
Form 990, Part VI, Line 15 DETERMINING COMPENSATION	TRUSTEES IS SUBJECT TO THE SAME POLICIES AND PROCEDURES AS THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE FOR DETERMINING AND REVIEWING COMPENSATION OF ITS OFFICERS. THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE HAS DISCLOSED IN ITS FORM 990 THE PROCESS UNDERTAKEN TO DETERMINE COMPENSATION. OFFICERS ARE NOT COMPENSATED IN THEIR CAPACITY AS OFFICERS OF TRUSTEES FOR HARVARD UNIVERSITY. CERTAIN OFFICERS OF THE FILING ORGANIZATION ALSO SERVE AS OFFICERS OF THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE AND ARE COMPENSATED BY PRESIDENT AND FELLOWS OF HARVARD COLLEGE FOR SERVICES PERFORMED FOR THAT ORGANIZATION. EACH KEY EMPLOYEE OF TRUSTEES IS ALSO A HARVARD UNIVERSITY FACULTY MEMBER WITHIN THE FACULTY OF ARTS AND SCIENCES AND THE PROCESS FOR DETERMINING COMPENSATION IS DESCRIBED BELOW: THE SALARIES OF THE KEY EMPLOYEES ARE SET ANNUALLY BY THE DIVISIONAL DEAN AND APPROVED BY THE DEAN OF THE FACULTY OF ARTS AND SCIENCES (FAS). THE PROCESS FOLLOWS THAT IN PLACE FOR ALL FAS FACULTY MEMBERS. THE AMOUNT IS SET ON A STANDARD 9-MONTH BASIS, AND DOES NOT INCLUDE ANY DIRECT RECOGNITION OF DIRECTOR DUTIES. IN RECOGNITION OF THEIR RESPECTIVE ROLES, EACH KEY EMPLOYEE IS PROVIDED WITH A SUPPLEMENTAL COMPENSATION AMOUNT WHICH IS INCLUDED IN THE FIGURES REPORTED ON PART VII AND SCHEDULE J. IN ADDITION, BOTH INDIVIDUALS ARE ELIGIBLE TO EARN SALARY DURING THE SUMMER MONTHS, PROVIDED THEY HAVE EXTERNAL FUNDING.
Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders	CERTAIN ACTIONS OF THE TRUSTEES GOVERNING BODY, SUCH AS THE ELECTION OF NEW DIRECTORS AND AMENDMENTS TO THE CORPORATE STATUTES, ARE SUBJECT TO THE CONSENT OF HARVARD UNIVERSITY'S BOARD OF OVERSEERS.
Form 990, Part VI, Line 11b Review of form 990 by governing body	THE TRUSTEES FOR HARVARD UNIVERSITY FORM 990 WAS REVIEWED BY THE UNIVERSITY'S TAX RETURN REVIEW COMMITTEES, COMPRISING SENIOR FINANCE STAFF AND INTERNAL AND EXTERNAL COUNSEL. THE FORM 990 WAS ALSO REVIEWED BY THE UNIVERSITY'S JOINT COMMITTEE ON INSPECTION, CONSISTING OF MEMBERS OF THE HARVARD CORPORATION AND THE BOARD OF OVERSEERS. THE FINAL FORM 990 WAS PROVIDED TO THE ENTIRE BOARD OF THE FILING ORGANIZATION BEFORE IT WAS FILED.
Form 990, Part VI, Line 12c Conflict of interest policy	TRUSTEES IS SUBJECT TO THE SAME CONFLICT OF INTEREST POLICIES AND PROCEDURES AS THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE. ANNUALLY, HARVARD UNIVERSITY'S OFFICE OF THE GENERAL COUNSEL DISTRIBUTES A POLICY ON CONFLICTS OF INTEREST AND COMMITMENT FOR SENIOR OFFICERS AND SENIOR ADMINISTRATORS, AND AN ANNUAL DISCLOSURE FORM, TO THE INDIVIDUALS SUBJECT TO THE POLICY. THE COMPLETED FORMS ARE REVIEWED BY THE OFFICE OF THE GENERAL COUNSEL. A PARALLEL PROCESS IS CARRIED OUT ANNUALLY BY THE OFFICE OF THE GOVERNING BOARDS FOR THE UNIVERSITY'S CORPORATE DIRECTORS, WHO ARE THE SAME INDIVIDUALS THAT SERVE ON THE GOVERNING BOARD FOR THE FILING ORGANIZATION. THE COMPLETED FORMS OF DIRECTORS ARE REVIEWED BY BOTH THE OFFICE OF THE GENERAL COUNSEL AND THE SECRETARY OF THE UNIVERSITY.
Form 990, Part VI, Line 19 Required documents available to the public	TRUSTEES FOR HARVARD UNIVERSITY'S FINANCIAL STATEMENTS ARE INCORPORATED IN HARVARD UNIVERSITY'S CONSOLIDATED FINANCIAL STATEMENTS, WHICH ARE AVAILABLE ON HARVARD UNIVERSITY'S WEBSITE. HARVARD UNIVERSITY'S CONFLICT OF INTEREST POLICY IS AVAILABLE ON HARVARD'S INTRANET, ACCESSIBLE TO MEMBERS OF THE HARVARD COMMUNITY. TRUSTEES' CHARTER IS AVAILABLE UPON REQUEST.
Form 990, Part VII, Section A, Line 1a, Column (B) AVERAGE HOURS PER WEEK	THE UNIVERSITY DOES NOT TRACK HOURS WORKED BY TRUSTEES, OFFICERS, KEY EMPLOYEES OR HIGHEST COMPENSATED EMPLOYEES. THE AVERAGE HOURS WORKED REPORTED ON PART VII, LINE 1A, COLUMN (B) ARE ESTIMATES, WITH 60 HOURS PER WEEK REPRESENTING FULL TIME EMPLOYMENT. ACTUAL HOURS WORKED PER WEEK MAY VARY.
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	Transfers to Affiliated Org - -10575688;
Form 990, Part XII, Line 2b FINANCIAL STATEMENTS AND REPORTING	HARVARD UNIVERSITY'S FINANCIAL STATEMENTS INCLUDE THE ACTIVITIES OF CERTAIN SUBSIDIARIES THAT FILE SEPARATE TAX RETURNS, INCLUDING TRUSTEES FOR HARVARD UNIVERSITY. THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2015 WERE AUDITED BY AN INDEPENDENT ACCOUNTANT.

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

Trustees for Harvard University

Employer identification number

53-0199180

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

Part II

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

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1) AFRICA ACADEMY FOR PUBLIC HEALTH PO BOX 79810 MWAI KIBAKI RD DAR ES SALAAM TZ	RESEARCH	TZ			PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(2) AMERICAN REPERTORY THEATRE COMPANY INC 64 BRATTLE ST CAMBRIDGE,MA02138 04-2665867	PERFORMING ARTS	MA	501(c)(3	9	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(3) ASSOCIACAO DAVID ROCKEFELLER CENTER DE UNIVERSIDADE DE HARVARD AVENIDA PAULISTA 1337 CJ 171 SAO PAULO 01311200 BR	EDUCATION	BR			PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(4) BLUE MARBLE HOLDINGS CORP 600 ATLANTIC AVE BOSTON,MA02210 23-7014581	INVESTMENT MANAGEMENT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(5) BOTSWANA-HARVARD AIDS INSTITUTE PRIVATE BAG BO 320 GABORONE BC	RESEARCH	BC			PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(6) CENTRE RECHERCHE EUROPEEN DE LA HBS 62 RUE FRANCOIS 1 ER PARIS FR	RESEARCH SUPPORT	FR			PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(7) DEMETER HOLDINGS CORP 600 ATLANTIC AVE BOSTON,MA02210 04-3044742	INVESTMENT MANAGEMENT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(8) DOYUKAI FUND FOR HARVARD INC 800 BOYLSTON ST BOSTON,MA02199 04-3478889	RESEARCH SUPPORT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(9) DUBAI HARVARD FOUNDATION FOR MEDICAL RESEARCH INC 401 PARK DR BOSTON,MA02215 52-2446955	EDUCATION AND RESEARCH	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(10) ENDOWMENT FOR RESEARCH IN HUMAN BIOLOGY INC 160 FEDERAL ST BOSTON,MA02115 04-2702030	RESEARCH	MA	501(c)(3	Type III-O	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(11) FUNDACION CENTRO DE INVESTIGACION DE LA ESCUELA DE ADMIN DE EMPRESA CARLOS PELLEGRINI 1163 PISO 12 CONTRAFRENTE BUENOS AIRES C1009ABW AR	RESEARCH SUPPORT	AR			PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(12) FUNDACION DRCLAS CHILE AVENIDA DAG HAMMARSKJOLD 3269 SANTIAGO CI	FACULTY AND STUDENT ACTIVITIES	CI			PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(13) GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC HMS DEAN OF FAC OF MED BOSTON,MA02115 04-3293162	RESEARCH SUPPORT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(14) HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN C3 BLACKFAN CIRCLE 5TH FL CLSB BOSTON,MA02115 30-0773387	RESEARCH	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(15) HARVARD BUSINESS SCHOOL INTERACTIVE INC SOLDIERS FIELD RD BOSTON,MA02163 04-3395140	EXECUTIVE EDUCATION	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(16) HARVARD BUSINESS SCHOOL PUBLISHING CORP 20 GUEST ST STE 700 BRIGHTON,MA02135 04-3177990	PUBLISHING	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(17) HARVARD DEDICATED ENERGY LIMITED 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 03-0425512	ELECTRICITY PURCHASING	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(18) HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC 114 MOUNT AUBURN ST 5TH FL CAMBRIDGE,MA02138 45-4535664	GLOBAL SUPPORT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(19) HARVARD GLOBAL UK VERNON HOUSE 22 SICILIAN AVE LONDON WC1A2QS UK	RESEARCH	UK			HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC		No
(20) HARVARD MAGAZINE INC 7 WARE ST CAMBRIDGE,MA02138 04-6112308	PUBLISHING	MA	501(c)(3	Type III-FI	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(21) HARVARD MANAGEMENT COMPANY INC 600 ATLANTIC AVE BOSTON,MA02210 23-7361259	INVESTMENT MANAGEMENT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(22) HARVARD MANAGEMENT PRIVATE EQUITY CORP 600 ATLANTIC AVE BOSTON,MA02210 04-3070522	INVESTMENT MANAGEMENT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(23) HARVARD MEDICAL CENTER 25 SHATTUCK ST BOSTON,MA02115 04-2213292	MEDICAL EDUCATION	MA	501(c)(3	Type I	NA		No
(24) HARVARD NEURODISCOVERY CENTER INC 25 SHATTUCK ST BOSTON,MA02115 31-1745145	RESEARCH SUPPORT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(25) HARVARD PRIVATE CAPITAL HOLDINGS INC 600 ATLANTIC AVE BOSTON,MA02210 04-3070519	INVESTMENT MANAGEMENT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(26) HARVARD PRIVATE CAPITAL REALTY INC 600 ATLANTIC AVE BOSTON,MA02210 22-3138409	INVESTMENT MANAGEMENT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(27) HARVARD REAL ESTATE - ALLSTON INC 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 04-3373410	TITLE HOLDING COMPANY	MA	501(c)(25		PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(28) HARVARD REAL ESTATE INC 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 04-2649303	REAL ESTATE BROKERAGE	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(29) HARVARD-YENCHING INSTITUTE VANSERG HALL 25 FRANCIS AVE CAMBRIDGE,MA02138 04-2062394	EDUCATION	MA	501(c)(3	Type I	NA		No
(30) ION INC 1350 MASS AVE CAMBRIDGE,MA02138 22-3032677	RESEARCH	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(31) LONGWOOD MEDICAL ENERGY COLLABORATIVE INC 160 LONGWOOD AVE BOSTON,MA02115 04-3476764	ENERGY SERVICES	MA	501(c)(3	Type I	NA		No
(32) MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER INC 100 BIGELOW ST HOLYOKE,MA01040 27-3014805	RESEARCH	MA	501(c)(3	Type I	NA		No
(33) MGHPCC HOLYOKE INC 100 BIGELOW ST HOLYOKE,MA01040 45-2257442	RESEARCH	MA	501(c)(3	Type I	NA		No
(34) PHEMUS CORP 600 ATLANTIC AVE BOSTON,MA02210 04-2997367	INVESTMENT MANAGEMENT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(35) PRESIDENT AND FELLOWS OF HARVARD COLLEGE 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 04-2103580	EDUCATION AND RESEARCH	MA	501(c)(3	2	NA		No
(36) PUTNAM SQUARE APARTMENTS INC HRES 1350 MASS AVE CAMBRIDGE,MA02138 04-6251287	REAL ESTATE	MA	501(c)(3	9	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(37) RED TOP INC MURR CTR 65 NORTH HARVARD ST BOSTON,MA02163 51-0189788	ATHLETICS	CT	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(38) SHIPPING VENTURE CORP 600 ATLANTIC AVE BOSTON,MA02210 04-3263656	INVESTMENT MANAGEMENT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(39) STUDENT CLUBS OF HBS INC SOLDIERS FIELD RD BOSTON,MA02163 57-1152691	STUDENT SUPPORT	MA	501(c)(3	Type I	PRESIDENT AND FELLOWS OF HARVARD COLLEGE		No
(40) THE CARL J SHAPIRO INSTITUTE FOR EDUCATION AND RESEARCH AT HARVARD 330 BROOKLINE AVE BOSTON,MA02215 04-3326928	MEDICAL EDUCATION AND RESEARCH	MA	501(c)(3	Type I	NA		No

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) 170 BROADWAY LLC 767 5TH AVE STE 2400 NEW YORK,NY10153 46-4145333	INVESTMENTS	DE	NA	N/A
(2) 2007 86TH STREET LLC 767 5TH AVE STE 2400 NEW YORK,NY10153 46-3848056	INVESTMENTS	DE	NA	N/A
(3) 441 ROCKAWAY OWNER LLC 767 5TH AVE STE 2400 NEW YORK,NY10153 30-0829016	INVESTMENTS	DE	NA	N/A
(4) ALCION REAL ESTATE PARTNERS II LP ONE POST OFFICE SQUARE STE 3150 BOSTON,MA02109 26-3400946	INVESTMENTS	DE	NA	N/A
(5) ALCION REAL ESTATE PARTNERS LP ONE POST OFFICE SQUARE STE 3150 BOSTON,MA02109 20-1973523	INVESTMENTS	DE	NA	N/A
(6) ALPINE APARTMENTS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 90-0908453	INVESTMENTS	DE	NA	N/A
(7) AMERRA AGRI OPPORTUNITY FUND LP 1185 AVE OF THE AMERICAS 18TH FL NEW YORK,NY10036 27-3310646	INVESTMENTS	DE	NA	N/A
(8) ATLANTIC CT HOLDINGS II LLC 65 ENTERPRISE STE 150 ALISO VIEJO,CA92656 46-2548899	INVESTMENTS	DE	NA	N/A
(9) ATLANTIC CT HOLDINGS LLC 65 ENTERPRISE STE 150 ALISO VIEJO,CA92656 46-2501216	INVESTMENTS	DE	NA	N/A
(10) ATLANTIC P3 LIFE SCIENCE HOLDINGS LLC 4380 LAJOLLA VILLAGE DR STE 230 SAN DIEGO,CA92122	INVESTMENTS	DE	NA	N/A
(11) ATLANTIC REGENT HOLDINGS LLC 11990 SAN VICENTE BLVD STE 200 LOS ANGELES,CA90049 47-2097418	INVESTMENTS	DE	NA	N/A
(12) ATLANTIC SCIOTO HOLDINGS LLC 575 MADISON AVE 16TH FL NEW YORK,NY10022 47-1979711	INVESTMENTS	DE	NA	N/A
(13) ATLANTIC TORONTO LP HMC INC 600 ATLANTIC AVE BOSTON,MA02210 35-2384789	INVESTMENTS	DE	NA	N/A
(14) BAINBRIDGE CC URBANA APARTMENTS LLC 12765 W FOREST HILL BLVD STE 1307 WELLINGTON,FL33414 80-0910794	INVESTMENTS	DE	NA	N/A
(15) BAUPOST INSTITUTIONAL REALTY PARTNERS LLC - I 10 ST JAMES AVE STE 1700 BOSTON,MA02116 04-3437926	INVESTMENTS	MA	NA	N/A
(16) BAUPOST INSTITUTIONAL REALTY PARTNERS LLC - II 10 ST JAMES AVE STE 1700 BOSTON,MA02116 04-3481078	INVESTMENTS	MA	NA	N/A
(17) BAYNORTH REALTY FUND IV LP 200 CLARENDON ST 54TH FL BOSTON,MA02116 04-3423446	INVESTMENTS	MA	NA	N/A
(18) BAYNORTH REALTY FUND V LP 200 CLARENDON ST 54TH FL BOSTON,MA02116 04-3537051	INVESTMENTS	MA	NA	N/A
(19) B-BROOK-B SARL 20 RUE DE LA POSTE L-2346 LU 98-0558809	INVESTMENTS	LU	NA	N/A
(20) BH INVESTMENTS FUND LLC 655 THIRD AVE - 11TH FL NEW YORK,NY10017 04-3070522	INVESTMENTS	DE	NA	N/A
(21) BLUE ATLANTIC ACQUISITION GROUP II LLC 353 NORTH CLARK ST STE 730 CHICAGO,IL60654 90-0909419	INVESTMENTS	DE	NA	N/A
(22) BLUE ATLANTIC ACQUISITION GROUP LLC 353 NORTH CLARK ST STE 730 CHICAGO,IL60654 27-4668306	INVESTMENTS	DE	NA	N/A
(23) BPR CO-INVESTOR LLC 7121 FAIRWAY DR STE 410 PALM BEACH GARDENS,FL33418 20-8376342	INVESTMENTS	DE	NA	N/A
(24) BUCKINGHAM ATLANTIC LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-0545782	INVESTMENTS	DE	NA	N/A
(25) CA USQUARE LLC 767 5TH AVE STE 2400 NEW YORK,NY10153 47-3889463	INVESTMENTS	DE	NA	N/A
(26) CARMEL HOUSE APARTMENTS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-1377243	INVESTMENTS	DE	NA	N/A
(27) CCC INVESTORS HOLDINGS II LP 2310 WASHINGTON ST NEWTON LOWER FALLS,MA02462 47-2033623	INVESTMENTS	DE	NA	N/A
(28) CCI-B INST LLC 800 BRAZOS ST STE 600 AUSTIN,TX78701 39-2060908	INVESTMENTS	DE	NA	N/A
(29) CERBERUS MA PARTNERS LP 190 ELGIN AVE GEORGE TOWN,GRAND CAYMANKYI9005 CJ 36-4762301	INVESTMENTS	CJ	NA	N/A
(30) CH NBS LTD 767 5TH AVE 24TH FL NEW YORK,NY10153 98-1207239	INVESTMENTS	JE	NA	N/A
(31) CH OCEANSIDE LLC 767 5TH AVE STE 2400 NEW YORK,NY10153 46-2568911	INVESTMENTS	DE	NA	N/A
(32) CHAMBERS BURGER PROPERTY LP CB EQUITY LLC 1360 AVE OF AMERICAS NEW YORK,NY10019 46-0986140	INVESTMENTS	DE	NA	N/A
(33) CHEROKEE INVESTMENT PARTNERS III PARALLEL FUND LP 111 EAST HARGETT ST STE 300 RALEIGH,NC27601 71-0890767	INVESTMENTS	DE	NA	N/A
(34) COMPOSITION CAPITAL ASIA FUND II CV WTC - TOWER D 12TH FL AMSTERDAM 1077 XV NL 98-0563996	INVESTMENTS	NL	NA	N/A
(35) COMTEL TELECOM ASSETS LP 200 CLARENDON ST BOSTON,MA02116 20-3237782	INVESTMENTS	TX	NA	N/A
(36) CORAL SENIOR HOUSING II LLC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 32-0410036	INVESTMENTS	DE	NA	N/A
(37) CORAL SENIOR HOUSING III LLC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 38-3931197	INVESTMENTS	DE	NA	N/A
(38) CORAL SENIOR HOUSING LLC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 27-3934030	INVESTMENTS	DE	NA	N/A
(39) CORAL-FSP INVESTMENT FUND I LLC 3820 MANSELL RD STE 275 ALPARETTA,GA30022 45-3203414	INVESTMENTS	DE	NA	N/A
(40) CORAL-FSP INVESTMENT FUND II LLC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 90-1033350	INVESTMENTS	DE	NA	N/A
(41) CORE EM DIVERSIFIED EQUITY FUND LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-0711788	INVESTMENTS	DE	NA	N/A
(42) CREEKSIDE GLEN APARTMENTS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-1384936	INVESTMENTS	DE	NA	N/A
(43) CROSSPOINT TECHNOLOGY HOLDINGS LLC 300 3RD AVE STE 2 WALTHAM,MA02451 04-3520886	INVESTMENTS	DE	NA	N/A
(44) CROWN ATLANTIC INTL OLIVE LLC 767 5TH AVE STE 2400 NEW YORK,NY10153 47-1830643	INVESTMENTS	DE	NA	N/A
(45) CROWN ATLANTIC RETAIL LLC 767 5TH AVE STE 2400 NEW YORK,NY10153 46-1605646	INVESTMENTS	DE	NA	N/A
(46) CROWN ICS 5TH ACQUISITIONS LLC 767 5TH AVE STE 2400 NEW YORK,NY10153 47-1827246	INVESTMENTS	DE	NA	N/A
(47) CROWN SRP LLC 767 5TH AVE STE 2400 NEW YORK,NY10153 47-2106149	INVESTMENTS	DE	NA	N/A
(48) CSH-STAR ESCONDIDO LLC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 61-1674156	INVESTMENTS	DE	NA	N/A
(49) CVI CHVF LP 9320 EXCELSIOR BLVD HOPKINS,MN55343 80-0941373	INVESTMENTS	DE	NA	N/A
(50) CYPRESS CREEK APARTMENTS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-1403554	INVESTMENTS	DE	NA	N/A
(51) CYPRESS REALTY IV LP 301 CONGRESS AVE STE 500 AUSTIN,TX78701 74-3000106	INVESTMENTS	DE	NA	N/A
(52) DENHAM COMMODITY PARTNERS FUND II LP 200 CLARENDON ST 25TH FL BOSTON,MA02116 77-0644776	INVESTMENTS	DE	NA	N/A
(53) DENHAM COMMODITY PARTNERS FUND III LP 200 CLARENDON ST 25TH FL BOSTON,MA02116 56-2502675	INVESTMENTS	DE	NA	N/A
(54) DEVONIAN LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02110 90-0721046	INVESTMENTS	DE	NA	N/A
(55) DS CO-INVESTORS LLC 7121 FAIRWAY DR STE 410 PALM BEACH GARDENS,FL33418 55-0911808	INVESTMENTS	DE	NA	N/A
(56) EAE ATLANTIC LLC 1065 AVE OF THE AMERICAS 31ST FL NEW YORK,NY10024 36-4743445	INVESTMENTS	DE	NA	N/A
(57) GAVEA JUS BG 1 - MASTER LP 3500 S DUPONT HWY DOVER,DE19901 46-2781217	INVESTMENTS	DE	NA	N/A
(58) GBE INVESTMENTS LP POB 309GTUGLAND HOUSES CHURCH ST GEORGE TOWN CJ	INVESTMENTS	CJ	NA	N/A
(59) GERRITY ATLANTIC RETAIL PARTNERS LLC 977 LOMAS SANTA FE DR STE A SOLANA BEACH,CA92075 27-4257497	INVESTMENTS	DE	NA	N/A
(60) GREENFIELD BLR FINANCE PARTNERS LP 50 NORTH WATER ST SOUTH NORWALK,CT06854 27-4267038	INVESTMENTS	DE	NA	N/A
(61) GREENFIELD BLR PARTNERS LP 50 NORTH WATER ST SOUTH NORWALK,CT06854 20-1221910	INVESTMENTS	DE	NA	N/A
(62) GREENHAVEN APARTMENTS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 27-4746803	INVESTMENTS	DE	NA	N/A
(63) GUEPARDO MASTER FUND LLC 700 14 ANDAR SAO PAULO 04542000 BR 98-0536488	INVESTMENTS	BR	NA	N/A
(64) HAMPDEN INSURANCE PARTNERS I LP 94 SOLARIS AVE CAMANA BAY,GRAND CAYMANKY11108 CJ	INVESTMENTS	CJ	NA	N/A
(65) HARVARD COMMINGLED ACCOUNT HMC INC 600 ATLANTIC AVE BOSTON,MA02210 04-3344621	INVESTMENTS	MA	NA	N/A
(66) HARVARD CV LLC 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 80-0641747	REAL ESTATE	MA	NA	N/A
(67) HARVARD INVESTMENT ASSOCIATES HMC INC 600 ATLANTIC AVE BOSTON,MA02210 04-3507407	INVESTMENTS	DE	NA	N/A
(68) HB INSTITUTIONAL LP 10 ST JAMES AVE STE 1700 BOSTON,MA02116 04-3425685	INVESTMENTS	MA	NA	N/A
(69) HFMM 770 BAY LP 250 YONGE ST STE 2400 TORONTO,ONTARIOM5B 2M6 CA	INVESTMENTS	CA	NA	N/A
(70) HFMM LP 4711 YONGE ST STE 1400 TORONTO,ONTARIOM2N 7E4 CA	INVESTMENTS	CA	NA	N/A
(71) HMC JUWEEL HOLDINGS LP PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY11104 CJ	INVESTMENTS	CJ	NA	N/A
(72) IEC ATLANTIC I LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 27-3609237	INVESTMENTS	DE	NA	N/A
(73) IEC ATLANTIC II LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 37-1657369	INVESTMENTS	DE	NA	N/A
(74) IEC ATLANTIC III LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 32-0390438	INVESTMENTS	DE	NA	N/A
(75) IEC BREAKWATER LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-4447102	INVESTMENTS	DE	NA	N/A
(76) IEC HIDDEN CREEK LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-3083079	INVESTMENTS	DE	NA	N/A
(77) IEC JEFFERSON 2 LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-5466161	INVESTMENTS	DE	NA	N/A
(78) IEC JEFFERSON LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-3679129	INVESTMENTS	DE	NA	N/A
(79) IEC NINTH AVE LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-5466236	INVESTMENTS	DE	NA	N/A
(80) INDY BLUE EQUITY LLC 1360 AVE OF AMERICA NEW YORK,NY10019 45-3668839	INVESTMENTS	DE	NA	N/A
(81) IRON POINT CO-INVESTMENT I LLC 201 MAIN ST STE 2300 FORT WORTH,TX76102 45-4748900	INVESTMENTS	DE	NA	N/A
(82) IRON POINT REAL ESTATE PARTNERS III-TE (H) LP 201 MAIN ST STE 2300 FORT WORTH,TX76102 61-1740169	INVESTMENTS	DE	NA	N/A
(83) IRON POINT REAL ESTATE PARTNERS II-TE (H) LP 201 MAIN ST STE 2300 FORT WORTH,TX76102 45-2502061	INVESTMENTS	DE	NA	N/A
(84) IRON POINT REAL ESTATE PARTNERS -TE (H) LP 201 MAIN ST STE 2300 FORT WORTH,TX76102 26-0526961	INVESTMENTS	TX	NA	N/A
(85) ISLA VISTA ACQUISITION GROUP LLC 353 NORTH CLARK ST STE 730 CHICAGO,IL60654 27-2436234	INVESTMENTS	DE	NA	N/A
(86) ISLAND C-III ATLANTIC HOLDINGS LLC 300 N MAIN ST STE 402 GREENVILLE,SC29601 47-1180960	INVESTMENTS	DE	NA	N/A
(87) JEN CAPITAL II REAL ESTATE FUND LP 19 WORLDWIDE HOUSE 19 DES VOEUX RD HONG KONG CH 98-1102667	INVESTMENTS	CH	NA	N/A
(88) L-A SATURN ACQUISITION LP HMC INC 600 ATLANTIC AVE BOSTON,MA02210 30-0825127	INVESTMENTS	DE	NA	N/A
(89) LIQUID REALTY PARTNERS IV (PF1) LP 101 MARKET ST 769 CAMANA BAY GEORGE TOWN,GRAND CAYMAN CJ 26-0346359	INVESTMENTS	CJ	NA	N/A
(90) LIQUID REALTY PARTNERS IV INVESTMENTS AIV (PF1) LP 199 E LINDA MESA AVE 10 DANVILLE,CA94526	INVESTMENTS	DE	NA	N/A
(91) LIQUID REALTY PARTNERS IV INVESTMENTS II AIV (PF1) LP 199 E LINDA MESA AVE 10 DANVILLE,CA94526	INVESTMENTS	DE	NA	N/A
(92) LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LP 101 MARKET ST 769 CAMANA BAY GEORGE TOWN,GRAND CAYMAN CJ 26-0489545	INVESTMENTS	CJ	NA	N/A
(93) LMI PEARL APARTMENT HOMES HOLDINGS LLC 700 NW 107TH AVE STE 400 MIAMI,FL33172 36-7457323	INVESTMENTS	DE	NA	N/A
(94) LONGFELLOW ATLANTIC HOLDINGS LLC 260 FRANKLIN ST BOSTON,MA02110 80-0965922	INVESTMENTS	DE	NA	N/A
(95) LUBERT-ADLER CAPITAL REAL ESTATE FUND III LP 2929 ARCH ST STE 1650 PHILADELPHIA,PA19104 52-2279515	INVESTMENTS	DE	NA	N/A
(96) LUBERT-ADLER REAL ESTATE FUND VII LP 2929 ARCH ST STE 1650 PHILADELPHIA,PA19104 80-0955742	INVESTMENTS	DE	NA	N/A
(97) MCRB LLC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 46-1235435	INVESTMENTS	DE	NA	N/A
(98) MCRS LLC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 27-3637201	INVESTMENTS	DE	NA	N/A
(99) MDH ATLANTIC HOLDINGS LLC 3715 NSIDE PKWY NW BDLG 400 STE 240 ATLANTA,GA30327 46-5214306	INVESTMENTS	DE	NA	N/A
(100) PATIO GARDENS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-5311665	INVESTMENTS	DE	NA	N/A
(101) PSI ATLANTIC HOLDINGS LLC 530 OAK COURT DR STE 185 MEMPHIS,TN37117 46-4391864	INVESTMENTS	DE	NA	N/A
(102) PUTNAM SQUARE APTS CO LP HRES 1350 MASS AVE CAMBRIDGE,MA02138 04-3183446	REAL ESTATE	MA	NA	N/A
(103) QUEENS VENTURES LLC 1065 AVE OF THE AMERICAS 31ST FL NEW YORK,NY10024 80-0963664	INVESTMENTS	DE	NA	N/A
(104) ROUND TABLE INTEREST RATE INTERMEDIATE FUND LTD WINDWARD I2FLREG OFC PRKW BAY RD KY1 1205 CJ	INVESTMENTS	CJ	NA	N/A
(105) RUBY ATLANTIC AJCP HOLDINGS LLC 133 NORTH JEFFERSON ST 4TH FL CHICAGO,IL60661 46-4623957	INVESTMENTS	DE	NA	N/A
(106) SOIL INNOVATIONS LLC AV DR CARDOSO DE MELO1340-11 ANDAR SAO PAULO 04548004 BR 90-0538481	INVESTMENTS	DE	NA	N/A
(107) SOUTHWOOD GARDENS LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-4154784	INVESTMENTS	DE	NA	N/A
(108) TETRIS PROPERTY LP 1360 AVE OF AMERICAS NEW YORK,NY10019 46-1625319	INVESTMENTS	DE	NA	N/A
(109) THE ECO PRODUCTS FUND 400 MADISON AVE STE 14A NEW YORK,NY10017 26-1329990	INVESTMENTS	DE	NA	N/A
(110) THE TRITON FUND II NO 2 LP 22 GRENVILLE ST ST HELIER JE4 8PX JE	INVESTMENTS	JE	NA	N/A
(111) THE VILLAGE 1 LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-3419666	INVESTMENTS	DE	NA	N/A
(112) THE VILLAGE 2 LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 45-3159941	INVESTMENTS	DE	NA	N/A
(113) THE WILDHORN FUND LP POB1234 GT QUNSGTE HSES CRCH ST GEORGE TOWN,GRAND CAYMAN CJ 98-0527266	INVESTMENTS	CJ	NA	N/A
(114) TRAVIS COAL RESTRUCTURED HOLDINGS LLC 200 CLARENDON ST BOSTON,MA02116 20-2595311	INVESTMENTS	DE	NA	N/A
(115) USRA ATLANTIC CAPITAL PARTNERS LLC 1360 AVE OF AMERICA NEW YORK,NY10019 45-2686195	INVESTMENTS	DE	NA	N/A
(116) VERBENA LLC DBA PURPLE VERBENA LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02110 90-0708621	INVESTMENTS	DE	NA	N/A
(117) WASHINGTON HEIGHTS I LLC 1065 AVE OF THE AMERICAS 31ST FL NEW YORK,NY10024 80-0858078	INVESTMENTS	DE	NA	N/A
(118) WBH KIRBY HILL CO-INVESTMENT LLC 7121 FAIRWAY DR STE 410 PALM BEACH GARDENS,FL33418 14-1933484	INVESTMENTS	DE	NA	N/A

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) 2226081 ONTARIO LTD 333 BAY ST STE 3400 TORONTO,ONTARIOM5H 2S7 CA	INVESTMENTS	CA	NA	C Corporation				No
(2) 365 CHURCH STREET LP 4711 YONGE ST STE 1400 TORONTO,ONTARIOM2N 7E4 CA	INVESTMENTS	CA	NA	C Corporation				No
(3) ADELAIDE-PETER DEVELOPMENTS 4711 YONGE ST STE 1400 TORONTO,ONTARIOM2N 7E4 CA 98-0684328	INVESTMENTS	CA	NA	C Corporation				No
(4) AGRICOLA BRINZAL LTDA AV SANTA MARIA 6350 OFICINA 307 VITACURA,SANTIAGO CI	INVESTMENTS	CI	NA	C Corporation				No
(5) AGRICOLA DURAMEN LTDA AV SANTA MARIA 6350 OFICINA 307 VITACURA,SANTIAGO CI	INVESTMENTS	CI	NA	C Corporation				No
(6) AGRICOLA E INVERSIONES PAMPA ALEGRE SA AV SANTA MARIA 6350 OFICINA 307 VITACURA,SANTIAGO CI	INVESTMENTS	CI	NA	C Corporation				No
(7) AGRICOLA EL CARDONAL LTDA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI	INVESTMENTS	CI	NA	C Corporation				No
(8) AGRICOLA FUNDO BUCALEMU LTDA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI 98-0639220	INVESTMENTS	CI	NA	C Corporation				No
(9) AGRICOLA LOS RIOS SPA AV SANTA MARIA 6350 OFICINA 307 VITACURA,SANTIAGO CI 98-1209592	INVESTMENTS	CI	NA	C Corporation				No
(10) AGRICOLA RAPEL LTDA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI 98-0639218	INVESTMENTS	CI	NA	C Corporation				No
(11) AGRICOLA RETIRO LTDA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI	INVESTMENTS	CI	NA	C Corporation				No
(12) AGRICOLA RIBERA LTDA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI	INVESTMENTS	CI	NA	C Corporation				No
(13) AGROFLORESTAL VERDE SUL SA RODOVIA RS473KM 22RSSALSO DISTRICT MATARAZZO,RIO GRANDE DO SUL BR	INVESTMENTS	BR	NA	C Corporation				No
(14) AQUILA INC WALKER HSE MARY ST POB908GT GEORGE TOWN,GRAND CAYMANKY11104 CJ 98-0532782	INVESTMENTS	CJ	NA	C Corporation				No
(15) ARA INC WALKER HSE MARY ST POB908GT GEORGE TOWN,GRAND CAYMANKY11104 CJ 98-0543813	INVESTMENTS	CJ	NA	C Corporation				No
(16) ARACARI SA PH PLAZA 2000 BLDG 50TH ST REPUBLIC OF PANAMA PM	INVESTMENTS	PM	NA	C Corporation				No
(17) ARROWSTREET CAPITAL GLOBAL EQUITY LONG SHORT FUND (FEEDER) LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY11104 CJ 98-1137946	INVESTMENTS	CJ	NA	C Corporation				No
(18) ASIA LANDMARK SPECIAL FUND LTD OGIER 89 NEXUS WAY CAMANA BAY,GRAND CAYMANKY19007 CJ	INVESTMENTS	CJ	NA	C Corporation				No
(19) ATLANTIC AVENUE REALTY LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMAN CJ 98-0533323	INVESTMENTS	CJ	NA	C Corporation				No
(20) ATLANTIC CT REIT INC 65 ENTERPRISE STE 150 ALISO VIEJO,CA92656 46-2500323	INVESTMENTS	DE	NA	C Corporation				No
(21) ATLANTIC DV HOLDINGS LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY11104 CJ 98-1196247	INVESTMENTS	CJ	NA	C Corporation				No
(22) ATLANTIC EUROPE INVESTMENTS GP LTD 50 LOTHIAN RD FESTIVAL SQUARE EDINBURGH EH39WJ UK	INVESTMENTS	UK	NA	C Corporation				No
(23) ATLANTIC EUROPE INVESTMENTS LP 50 LOTHIAN RD FESTIVAL SQUARE EDINBURGH EH39WJ UK 98-0670648	INVESTMENTS	UK	NA	C Corporation				No
(24) ATLANTIC FM LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY11104 CJ 98-1249059	INVESTMENTS	CJ	NA	C Corporation				No
(25) ATLANTIC NBS LTD 47 ESPLANADE ST HELIER,CHANNEL ISLANDSJEI 0BD JE 98-1220176	INVESTMENTS	JE	NA	C Corporation				No
(26) ATLANTIC NREP LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY11104 CJ 98-1219940	INVESTMENTS	CJ	NA	C Corporation				No
(27) ATLANTIC P3 PROGRAM REIT INC 4380 LAJOLLA VILLAGE DR STE 230 SAN DIEGO,CA92122 47-2704934	INVESTMENTS	DE	NA	C Corporation				No
(28) ATLANTIC REGENT REIT INC 11990 SAN VICENTE BLVD STE 200 LOS ANGELES,CA90049 32-0464661	INVESTMENTS	DE	NA	C Corporation				No
(29) ATLANTIC REIT I INC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-3882013	INVESTMENTS	DE	NA	C Corporation				No
(30) ATLANTIC TORONTO 365 CHURCH STREET GENERAL PARTNER INC 355 BURRARD ST STE 1900 VANCOUVER,BRITISH COLUMBIAV6C 2G8 CA	INVESTMENTS	CA	NA	C Corporation				No
(31) ATLANTIC TORONTO A-P GENERAL PARTNER INC 355 BURRARD ST STE 1900 VANCOUVER,BRITISH COLUMBIAV6C 2G8 CA 98-0668180	INVESTMENTS	CA	NA	C Corporation				No
(32) ATLANTIC TORONTO GRENVILLE GENERAL PARTNER INC 355 BURRARD ST STE 1900 VANCOUVER,BRITISH COLUMBIAV6C 2G8 CA	INVESTMENTS	CA	NA	C Corporation				No
(33) ATLANTIC TORONTO HOLDINGS INC 355 BURRARD ST STE 1900 VANCOUVER,BRITISH COLUMBIAV6C 2G8 CA 98-0668178	INVESTMENTS	CA	NA	C Corporation				No
(34) ATLANTIC URBAN RETAIL INC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 32-6261983	INVESTMENTS	DE	NA	C Corporation				No
(35) AZALEA ROJO LLC HMC INC 600 ATLANTIC AVE BOSTON,MA02110 47-4394154	INVESTMENTS	DE	NA	C Corporation				No
(36) BAINBRIDGE CC URBANA APARTMENTS REIT INC 12765 W FOREST HILL BLVD STE 1307 WELLINGTON,FL33414 47-1171921	INVESTMENTS	DE	NA	C Corporation				No
(37) BLACK KITE PTY LTD LEVEL 38 201 ELIZABETH ST SYDNEY NSW 2000 AS	INVESTMENTS	AS	NA	C Corporation				No
(38) BLACK KITE TRUST LEVEL 38 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-6063158	INVESTMENTS	AS	NA	C Corporation				No
(39) BLUE ATLANTIC INVESTORS II INC 353 NORTH CLARK ST STE 730 CHICAGO,IL60654 46-1452116	INVESTMENTS	DE	NA	C Corporation				No
(40) BLUE ATLANTIC INVESTORS INC 353 NORTH CLARK ST STE 730 CHICAGO,IL60654 45-1022813	INVESTMENTS	DE	NA	C Corporation				No
(41) BLUE ATLANTIC SHUTTLE LLC 353 NORTH CLARK ST STE 730 CHICAGO,IL60654 45-2542872	INVESTMENTS	DE	NA	C Corporation				No
(42) BRODIAEA INC 5757 PACIFIC AVE STE 222 STOCKTON,CA95207 90-0862085	INVESTMENTS	DE	NA	C Corporation				No
(43) CARACARA LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ 98-1098610	INVESTMENTS	CJ	NA	C Corporation				No
(44) CARACOL AGROPECUARIA LTDA AV CARLOS GOMES 1200 SALA 502 PORTO ALEGRE,RIO GRANDE DO SULCEP 90480 BR 98-0642730	INVESTMENTS	BR	NA	C Corporation				No
(45) CCA JAPAN INVESTMENT BV WTC - TOWER D 12TH FL AMSTERDAM 1077 XV NL	INVESTMENTS	NL	NA	C Corporation				No
(46) CENTRO HARVARD-D ROCKEFELLAR PARA ESTUDIOS LATINAMERICANOS AC EDIF BALMORI ORIZABA 101-102 COL MEXICO CITY DF MX	FACULTY AND STUDENT ACTIVITIES	MX	NA	C Corporation				No
(47) CHARITABLE LEAD TRUSTS (44)	CHARITABLE TRUST	MA	NA	Trust				No
(48) CHARITABLE REMAINDER TRUSTS (778)	CHARITABLE TRUST	MA	NA	Trust				No
(49) CHENNAI 2007 CO IFS LTD IFS COURT TWENTY EIGHT CYBERCITY,EBENE MP 98-0644770	INVESTMENTS	MP	NA	C Corporation				No
(50) CHEVAL SP PARTICIPACOES LTDA RUA DO FORUM SN SALA B CENTRO,GUADALUPECEP 64840 BR	INVESTMENTS	BR	NA	C Corporation				No
(51) CLAG (CHILE) SPA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI 98-0650099	INVESTMENTS	CI	NA	C Corporation				No
(52) COMPOSITION CAPITAL ASIA FUND CV WTC - TOWER D 12TH FL AMSTERDAM 1077 XV NL 98-0469927	INVESTMENTS	NL	NA	C Corporation				No
(53) COMPOSITION CAPITAL ASIA II FEEDER CV WTC - TOWER D 12TH FL AMSTERDAM 1077 XV NL 98-0563995	INVESTMENTS	NL	NA	C Corporation				No
(54) COMPOSITION CAPITAL EUROPE FUND CV WTC - TOWER D 12TH FL AMSTERDAM 1077 XV NL 98-0459793	INVESTMENTS	NL	NA	C Corporation				No
(55) COMPOSITION CAPITAL EUROPE II FEEDER CV WTC - TOWER D 12TH FL AMSTERDAM 1077 XV NL 98-0569903	INVESTMENTS	NL	NA	C Corporation				No
(56) COMPOSITION FEEDER GMBH BORSENSTRASSE 2-4 60313 FRANKFURT AM MAIN 60313 GM	INVESTMENTS	GM	NA	C Corporation				No
(57) COMTEL ASSETS CORP 433 E LAS CALINAS BL IRVING,TX75039 20-3239161	INVESTMENTS	DE	NA	C Corporation				No
(58) COMTEL ASSETS INC 433 E LAS CALINAS BL IRVING,TX75039 20-3239269	INVESTMENTS	DE	NA	C Corporation				No
(59) COOPERATIE CC ASIA KOREA FEEDER UA WTC - TOWER D 12TH FL AMSTERDAM 1077 XV NL	INVESTMENTS	NL	NA	C Corporation				No
(60) COPAYAPU SPA 2939 AV ISIDORA GOYENECHEA 11 FL LAS CONDES,SANTIAGO CI 98-1112517	INVESTMENTS	CI	NA	C Corporation				No
(61) CSH PROGRAM REIT II INC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 30-0783361	INVESTMENTS	DE	NA	C Corporation				No
(62) CSH PROGRAM REIT III INC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 47-0981643	INVESTMENTS	DE	NA	C Corporation				No
(63) CSH PROGRAM REIT INC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 27-4280903	INVESTMENTS	DE	NA	C Corporation				No
(64) CSH TRS HOLDING II LLC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 45-4398250	INVESTMENTS	DE	NA	C Corporation				No
(65) CSH TRS HOLDING III LLC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 32-0410113	INVESTMENTS	DE	NA	C Corporation				No
(66) CSH TRS HOLDING IV LLC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 35-2508708	INVESTMENTS	DE	NA	C Corporation				No
(67) CSH TRS HOLDING LLC 1275 PENNSYLVANIA AVE NW 2ND FL WASHINGTON,DC20004 27-4286092	INVESTMENTS	DE	NA	C Corporation				No
(68) DAIRY FARMS PARTNERSHIP 113 RUTHERFORD RD PUKEKOHE NZ 98-0594944	INVESTMENTS	NZ	NA	C Corporation				No
(69) DG PARTICIPANTS LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY11104 CJ 98-1167777	INVESTMENTS	CJ	NA	C Corporation				No
(70) EAE ATLANTIC I INC 1065 AVE OF THE AMERICAS 31ST FL NEW YORK,NY10024 90-0892631	INVESTMENTS	DE	NA	C Corporation				No
(71) EAE ATLANTIC II INC 1065 AVE OF THE AMERICAS 31ST FL NEW YORK,NY10024 80-0954229	INVESTMENTS	DE	NA	C Corporation				No
(72) EAE ATLANTIC III INC 1065 AVE OF THE AMERICAS 31ST FL NEW YORK,NY10024 30-0835462	INVESTMENTS	DE	NA	C Corporation				No
(73) EASTERN ROSELLA TRUST 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-1131698	AGRICULTURE	AS	NA	C Corporation				No
(74) ECO CEBACO SA 52 Y E MENDEZ PO BOX 0816-06805 PM	INVESTMENTS	PM	NA	C Corporation				No
(75) ECONOMIZA AGROPECUARIA LTDA ESTADA GERAL COND BOA ESPERANCA GRANDE DO RIBEIRO,PIAUI BR	INVESTMENTS	BR	NA	C Corporation				No
(76) ECUADOR TIMBER LP PO BOX 309 UGLAND HOUSE GRAND CAYMANKY11104 CJ 98-0492706	INVESTMENTS	CJ	NA	C Corporation				No
(77) EL MARIA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(78) EMBARCADERO CAPITAL INVESTORS II REIT INC 1301 SHOREWAY RD STE 250 BELMONT,CA94002 37-1508503	INVESTMENTS	MD	NA	C Corporation				No
(79) EMERALD CATASTROPHE FUND LTD STE 193 48 PAR-LA-VILLE RD HAMILTON HM 11 BD	INVESTMENTS	BD	NA	C Corporation				No
(80) EMPRESA ECOLOGICA DEL ORINOCO SAS CRA 9 NO 77 - 67 OFC 804 BOGOTA DC CO	INVESTMENTS	CO	NA	C Corporation				No
(81) EMPRESAS VERDES ARGENTINA SA CARLOS PELLEGRINI 1138 PISO 1 CORRIENTES W3400BAT AR	INVESTMENTS	AR	NA	C Corporation				No
(82) ESTANCIA CELINA SA SUIPACHA 1111 - PISO 18 BUENOS AIRES C1008AAW AR	INVESTMENTS	AR	NA	C Corporation				No
(83) FLAMENCO SPA 2939 AV ISIDORA GOYENECHEA 11 FL LAS CONDES,SANTIAGO CI 98-1120387	INVESTMENTS	CI	NA	C Corporation				No
(84) FLORESTAS DO SUL AGROFLORESTAL LTDA RUA TAQUARY 335 DRISTAL PORTO ALEGRE CEP 90810 BR 98-0493906	INVESTMENTS	BR	NA	C Corporation				No
(85) FORESTAL BOSQUEPALM CIA LTDA AVE PATRIA E4-41 Y AVE AMFL5OFC5 QUITO EC	INVESTMENTS	EC	NA	C Corporation				No
(86) FORESTAL DEL RIO SA CARLOS PELLEGRINI 1138 PISO 1 CORRIENTES W3400BAT AR	INVESTMENTS	AR	NA	C Corporation				No
(87) FORESTAL FORESVERGAL CIA LTDA AVE PATRIA E4-41 Y AVE AMFL5OFC5 QUITO EC	INVESTMENTS	EC	NA	C Corporation				No
(88) FORTALEZA AGROINDUSTRIAL LTDA FAZENDA FORTALEZA SN - ZONA RURAL SANTA FILOMENA,PIAUI BR	INVESTMENTS	BR	NA	C Corporation				No
(89) FRANCOLIN PO BOX 309 UGLAND HOUSE GRAND CAYMANKY11104 CJ 98-1006384	INVESTMENTS	CJ	NA	C Corporation				No
(90) FRIENDS OF HARVARD HONG KONG TRUST 8 STORY ST CAMBRIDGE,MA02138 47-7237666	TRUST FOR CONTRIBUTIONS	HK	NA	Trust				No
(91) FSP TRS HOLDING LP 3820 MANSELL RD STE 275 ALPARETTA,GA30022 80-0902908	INVESTMENTS	DE	NA	C Corporation				No
(92) GALILEIA AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	NA	C Corporation				No
(93) GATEWAY REAL ESTATE FUND III - TE LP 22ND FL 1 LYNDHURST TOWER HONG KONG KY11111 CH 98-0669480	INVESTMENTS	CH	NA	C Corporation				No
(94) GAVEA INVESTMENT FUND II B LP PO986GARD CRT STE 3307 45 MKT ST CAMANA BAY,GRAND CAYMANKY11103 CJ 98-0537951	TRADING	CJ	NA	C Corporation				No
(95) GAVEA JUS BG 1 - FEEDER LP PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ 98-1018586	INVESTMENTS	CJ	NA	C Corporation				No
(96) GAVEA JUS BRAZILIAN GOVERNMENT LIABILITIES FUND II-B LP POB 896GT GARD CRTS330745 MKT ST CAMANA BAY KY11103 CJ 98-0702067	INVESTMENTS	CJ	NA	C Corporation				No
(97) GBE DEVELOPMENT I LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(98) GBE DEVELOPMENT II LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(99) GBE DEVELOPMENT III LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(100) GBE DEVELOPMENT IV LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(101) GBE DEVELOPMENT V LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(102) GBE DEVELOPMENT VI LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(103) GBE FAZENDAS LTD AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	NA	C Corporation				No
(104) GBE HOLDINGS LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(105) GBE INVESTMENTS LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(106) GBE PROJETOS AGRICOLAS II LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	NA	C Corporation				No
(107) GBE PROJETOS AGRICOLAS VII LTDA RUA DO FORUM SN SALA B CENTRO,GUADALUPECEP 64840 BR	INVESTMENTS	BR	NA	C Corporation				No
(108) GBE PROPERTIES I LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(109) GBE PROPERTIES II LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(110) GBE PROPERTIES III LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(111) GBE PROPERTIES IV LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(112) GBE PROPERTIES V LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(113) GBE PROPERTIES VI LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(114) GBE PROPRIEDADES E EMPREENDIMENTOS IMOBILIARIOS BAHIA LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	NA	C Corporation				No
(115) GBE PROPRIEDADES E EMPREENDIMENTOS IMOBILIARIOS PIAUI LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	NA	C Corporation				No
(116) GBE PROPRIEDADES E EMPREENDIMENTOS IMOBILIARIOS TOCANTINS LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	NA	C Corporation				No
(117) GBE PROPRIEDADES E EMPREENDIMENTOS MINAS GERAIS LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	NA	C Corporation				No
(118) GBE PROPRIEDADES GUADALUPE LTDA RUA DO FORUM SN SALA B CENTRO,GUADALUPECEP 64840 BR	INVESTMENTS	BR	NA	C Corporation				No
(119) GERRITY ATLANTIC RETAIL PARTNERS II INC 977 LOMAS SANTA FE DR STE A SOLANA BEACH,CA92075 46-4417545	INVESTMENTS	DE	NA	C Corporation				No
(120) GERRITY ATLANTIC RETAIL PARTNERS INC 977 LOMAS SANTA FE DR STE A SOLANA BEACH,CA92075 27-4802513	INVESTMENTS	DE	NA	C Corporation				No
(121) GRANARY INVESTMENTS IFS COURT TWENTY EIGHT CYBERCITY,EBENE MP 98-0607880	INVESTMENTS	MP	NA	C Corporation				No
(122) GREEN ROSELLA TRUST 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-1126908	AGRICULTURE	AS	NA	C Corporation				No
(123) GREENGOLD AGRIROM SRL 24 CONSTANTIN NOICA ST RO 98-1091760	INVESTMENTS	RO	NA	C Corporation				No
(124) GREENGOLD EUROPEAN CAPITAL SA 5 RUE GUILLAUME KROLL L1882 LU 98-1091994	INVESTMENTS	LU	NA	C Corporation				No
(125) GREENGOLD FUTURE TREES SRL 14 BIHORULUI ST BLOCK 21 APP 62 RO 98-1206286	INVESTMENTS	RO	NA	C Corporation				No
(126) GREENGOLD VALUE FORESTS LATVIA SIA KULDIGAS RAJONS KURM PAGASTS BRALI 3301 LG 98-0648693	INVESTMENTS	LG	NA	C Corporation				No
(127) GREENGOLD VALUE FORESTS LITHUANIA UAB JOGAILOS G 9 VILNIUS LT01116 LH 98-1117259	INVESTMENTS	LH	NA	C Corporation				No
(128) GREENGOLD VALUE FORESTS SRL 24 CONSTANTIN NOICA ST RO	INVESTMENTS	RO	NA	C Corporation				No
(129) GUANARE AARL JUNCAL 1327 21 FL MONTEVIDEO 11000 UY 98-0641951	INVESTMENTS	UY	NA	C Corporation				No
(130) GUANARE SA JUNCAL 1327 21 FL MONTEVIDEO 11000 UY	INVESTMENTS	UY	NA	C Corporation				No
(131) HARVARD ARASTIRMA VE EGITIM MERKEZI ISTANBUL LIMITED SIRKETI 185 BUYUKDERE CAD KANYON OFIS 3 INSTANBUL 34394 TU	RESEARCH SUPPORT/EVENT SUPPORT	TU	NA	C Corporation				No
(132) HARVARD BUSINESS SCHOOL PUBLISHING ASIA PACIFIC LTD 80 RAFFLES PL 25-01 UOB PLAZA SN	SALES SUPPORT	SN	NA	C Corporation				No
(133) HARVARD BUSINESS SCHOOL PUBLISHING EUROPE LTD 23 SICILIAN AVE LONDON UK	SALES SUPPORT	UK	NA	C Corporation				No
(134) HARVARD BUSINESS SCHOOL PUBLISHING FRANCE 23 RUE DU ROULE PARIS FR	SALES SUPPORT	FR	NA	C Corporation				No
(135) HARVARD BUSINESS SCHOOL PUBLISHING INDIA PRIVATE LTD UNIT 423 GRAND HYATT MUMBAI MUMBAI IN	PUBLISHING SUPPORT	IN	NA	C Corporation				No
(136) HARVARD CENTER SHANGHAI CO LTD 5TH FL INTL FIN CTR 8 CENT AVE SHANGHAI 200120 CH	RESEARCH SUPPORT/LOGISTICAL SUPPORT FOR EVENTS	CH	NA	C Corporation				No
(137) HARVARD PRIVATE CAPITAL PROPERTIES II INC HMC INC 600 ATLANTIC AVE BOSTON,MA02110 04-3140558	INVESTMENTS	DE	NA	C Corporation				No
(138) HARVARD PRIVATE CAPITAL PROPERTIES III INC HMC INC 600 ATLANTIC AVE BOSTON,MA02110 76-0254935	INVESTMENTS	DE	NA	C Corporation				No
(139) HARVARD UNIVERSITY PRESS OF NEW YORK HU PRESS 79 GARDEN ST CAMBRIDGE,MA02138 13-3784301	PUBLISHING	NY	NA	C Corporation				No
(140) HARVARD UNIVERSITY PRESS LTD VERNON HOUSE 23 SICILIAN AVE LONDON UK	BOOK DISTRIBUTION	UK	NA	C Corporation				No
(141) HB CAYMAN LTD PO BOX 309 GT GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(142) HG GULF FZ LLC MAKTOUM ACADMED CTR 2 FL DUBAI AE	EDUCATION AND RESEARCH	AE	NA	C Corporation				No
(143) HMC ADAGE MANAGER INC HMC INC 600 ATLANTIC AVE BOSTON,MA02110 04-3567988	INVESTMENTS	DE	NA	C Corporation				No
(144) HMC JUWEEL INVESTORS LP PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY11104 CJ	INVESTMENTS	CJ	NA	C Corporation				No
(145) HOUND PARTNERS LONG FUND LTD 89 NEXUS WAY CAMANA BAY KY19007 CJ	INVESTMENTS	CJ	NA	C Corporation				No
(146) HPC PATRON SCOTLAND LP 50 LOTHIAN RD FESTIVAL SQUARE EDINBURGH EH3 9BY UK 98-0438748	INVESTMENTS	UK	NA	C Corporation				No
(147) INSOLO AGROINDUSTRIAL SA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	NA	C Corporation				No
(148) INVERSIONES CATIVAL SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(149) INVERSIONES HEFEI SAC LAS BEGONIAS 475 6TH FL SAN ISIDORO,LIMA PE 98-1111292	INVESTMENTS	PE	NA	C Corporation				No
(150) INVERSIONES LEFKADA SAC LAS BEGONIAS 475 6TH FL SAN ISIDORO,LIMA PE 98-1110859	INVESTMENTS	PE	NA	C Corporation				No
(151) INVERSIONES MOSQUETA SAC LAS BEGONIAS 475 6TH FL SAN ISIDORO,LIMA PE 98-1110734	INVESTMENTS	PE	NA	C Corporation				No
(152) INVERSIONES PIRONA SAC LAS BEGONIAS 475 6TH FL SAN ISIDORO,LIMA PE 98-1111636	INVESTMENTS	PE	NA	C Corporation				No
(153) INVERSIONES SANTA RITA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(154) INVERSIONES TRES CUMBRES LTDA ROGER DE FLOR 2736 DP 8 COMUNA LAS CONDES,SANTIAGO CI 98-0446986	INVESTMENTS	CI	NA	C Corporation				No
(155) IPE AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	NA	C Corporation				No
(156) ISLA VISTA FOOD SERVICES LLC 353 NORTH CLARK ST STE 730 CHICAGO,IL60654 27-3070185	INVESTMENTS	DE	NA	C Corporation				No
(157) ISLA VISTA INVESTORS INC 353 NORTH CLARK ST STE 730 CHICAGO,IL60654 27-3070148	INVESTMENTS	DE	NA	C Corporation				No
(158) JACANA PROPERTIES SA PH PLAZA 2000 BLDG 50TH ST REPUBLIC OF PANAMA PM	INVESTMENTS	PM	NA	C Corporation				No
(159) JUNCO PROPERTIES SA PH PLAZA 2000 BLDG 50TH ST REPUBLIC OF PANAMA PM	INVESTMENTS	PM	NA	C Corporation				No
(160) LA JACARANDA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(161) LA MORA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(162) LA ZARZA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(163) LABELLE SP PARTICIPACOES LTDA RUA DO FORUM SN SALA B CENTRO,GUADALUPECEP 64840 BR	INVESTMENTS	BR	NA	C Corporation				No
(164) LAS ACACIAS SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(165) LAS MISIONES SA SUIPACHA 1111 - PISO 18 BUENOS AIRES C1008AAW AR	INVESTMENTS	AR	NA	C Corporation				No
(166) LASALLE ASIA OPPORTUNITY CAYMAN I LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMAN CJ 98-0447511	INVESTMENTS	CJ	NA	C Corporation				No
(167) LIFETIME CENTRECOURT GRENVILLE LP 22 ST CLAIR AVE EAST STE 1010 TORONTO,ONTARIOM4T 2S3 CA 98-0684331	INVESTMENTS	CA	NA	C Corporation				No
(168) LINDENE LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY11104 CJ	INVESTMENTS	CJ	NA	C Corporation				No
(169) LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) II LP 199 E LINDA MESA AVE 10 DANVILLE,CA94526 98-0560775	INVESTMENTS	JE	NA	C Corporation				No
(170) LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LTD 199 E LINDA MESA AVE 10 DANVILLE,CA94526 98-0555927	INVESTMENTS	JE	NA	C Corporation				No
(171) LONGFELLOW ATLANTIC REIT INC 260 FRANKLIN ST BOSTON,MA02110 46-4628691	INVESTMENTS	DE	NA	C Corporation				No
(172) LONGSTOCKING INVESTMENT CORP HMC INC 600 ATLANTIC AVE BOSTON,MA02210 52-2116455	INVESTMENTS	MA	NA	C Corporation				No
(173) LONGTERM FOREST PARTNERS CIA LTDA AVE PATRIA E4-41 Y AVE AMFL5OFC5 QUITO EC	INVESTMENTS	EC	NA	C Corporation				No
(174) LOS ARRAYANES SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(175) LOS LAURELES SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(176) MAGUARI LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ 98-1097957	INVESTMENTS	CJ	NA	C Corporation				No
(177) MASDEVALLIA LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ 98-1083311	INVESTMENTS	CJ	NA	C Corporation				No
(178) MCRB REAL ESTATE INVESTMENT TRUST INC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 46-1195422	INVESTMENTS	DE	NA	C Corporation				No
(179) MCRB TENANT HOLDCO LLC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 46-1195591	INVESTMENTS	DE	NA	C Corporation				No
(180) MCRS REAL ESTATE INVESTMENT TRUST INC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 27-3605599	INVESTMENTS	DE	NA	C Corporation				No
(181) MCRS TENANT HOLDCO LLC 152 WEST 57TH ST 46TH FL NEW YORK,NY10019 27-3869467	INVESTMENTS	DE	NA	C Corporation				No
(182) MDH ATLANTIC REIT INC 3715 NSIDE PKWYNW BLDG 400S240 ATLANTA,GA30327 46-5247314	INVESTMENTS	DE	NA	C Corporation				No
(183) MIRABILIS SA CALLE LAS BEGONIAS 475 DPTO 702 SAN ISIDORO,LIMA PE	INVESTMENTS	PE	NA	C Corporation				No
(184) NAZARE AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	NA	C Corporation				No
(185) NCH AGRIBUSINESS INVESTORS CORP PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMANKY11104 CJ 98-0559097	INVESTMENTS	CJ	NA	C Corporation				No
(186) NCH INVESTORS FUND (HU) CORP PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ	INVESTMENTS	CJ	NA	C Corporation				No
(187) NEW VERNON INDIA (CAYMAN) FUND LP 2330 PLAZA FIVE JERSEY CITY,NJ07311 20-1577934	INVESTMENTS	CJ	NA	C Corporation				No
(188) NGL HOLDINGS INC 200 CLARENDON ST BOSTON,MA02116 33-1101243	INVESTMENTS	DE	NA	C Corporation				No
(189) NICA TECA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(190) NICARAO I LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ 98-0643167	INVESTMENTS	CJ	NA	C Corporation				No
(191) NICARAO II LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ 98-0643169	INVESTMENTS	CJ	NA	C Corporation				No
(192) NICARAO LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ 98-0643164	INVESTMENTS	CJ	NA	C Corporation				No
(193) NICATECA INC WALKER HOUSE 87 MARY ST GEORGE TOWN,GRAND CAYMAN CJ 98-0520487	INVESTMENTS	CJ	NA	C Corporation				No
(194) OPERA SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(195) PARFEN SRL JUNCAL 1305 21 FL MONTEVIDEO UY	INVESTMENTS	UY	NA	C Corporation				No
(196) PATRIOT INTEREST HOLDINGS INC 200 CLARENDON ST BOSTON,MA02116 01-0938844	INVESTMENTS	DE	NA	C Corporation				No
(197) PEARL RETAIL INC PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY11104 CJ 98-1048757	INVESTMENTS	CJ	NA	C Corporation				No
(198) PERMIAN MIDSTREAM CORP 200 CLARENDON ST BOSTON,MA02116 01-0938834	INVESTMENTS	TX	NA	C Corporation				No
(199) PINARES AARL JUNCAL 1305 21 FL MONTEVIDEO 11000 UY 98-0641950	INVESTMENTS	UY	NA	C Corporation				No
(200) POOLED INCOME FUNDS (3)	CHARITABLE TRUST	MA	NA	Trust				No
(201) PRADARIA AGROFLORESTAL LTDA AVE ALFONSO PENA 3504 RM 73 CTR CAMPO GRANDE,MATO GROSSOCEP 79002 BR 98-0642732	INVESTMENTS	BR	NA	C Corporation				No
(202) PROMONTORIA HOLDING MAP BV OUDE UTRECHTSEWEG 32 BAARN 3643 KN NL	INVESTMENTS	NL	NA	C Corporation				No
(203) PSI ATLANTIC REIT INC 530 OAK COURT DR STE 185 MEMPHIS,TN37117 46-4502358	INVESTMENTS	DE	NA	C Corporation				No
(204) PSI ATLANTIC TRS LLC 530 OAK COURT DR STE 185 MEMPHIS,TN37117 46-5654629	INVESTMENTS	DE	NA	C Corporation				No
(205) PULAR SPA 2939 AV ISIDORA GOYENECHEA 11 FL LAS CONDES,SANTIAGO CI	INVESTMENTS	CI	NA	C Corporation				No
(206) QUETZAL BLUE SA CALLE 52 Y ELVIRA MENDEZ PANAMAN PM	INVESTMENTS	PM	NA	C Corporation				No
(207) REGENT OFFICE FUND II REIT HMC INC 600 ATLANTIC AVE BOSTON,MA02210 47-2081357	INVESTMENTS	DE	NA	C Corporation				No
(208) REPRESA PROPERTIES LTD PO 309GT UGLAND HSE S CHURCH ST GEORGE TOWN,GRAND CAYMAN CJ	INVESTMENTS	CJ	NA	C Corporation				No
(209) RETIREMENT PLAN TRUST FOR EMPLOYEES OF HARVARD UNIVERSITY 1033 MASS AVE 3RD FL CAMBRIDGE,MA02138 04-2636388	INVESTMENTS	MA	NA	Trust				No
(210) RIO MIRA PARTICIPACOES LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	NA	C Corporation				No
(211) ROARING FORK INVESTMENT TRUST 250 YONGE ST STE 4200 TORONTO,ONTARIOM5B 2M6 CA 98-0458290	INVESTMENTS	CA	NA	C Corporation				No
(212) ROMPLY MEROPS SRL 28-C C-TIN BUDISTEANUI ST 3RD FL BUCHAREST RO 98-0646095	INVESTMENTS	RO	NA	C Corporation				No
(213) ROSELLA HOLD TC PTY LTD 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-1126654	AGRICULTURE	AS	NA	C Corporation				No
(214) ROSELLA SUB TC PTY LTD 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-1126678	AGRICULTURE	AS	NA	C Corporation				No
(215) ROSELLA LTD PO BOX 309 UGLAND HOUSE GRAND CAYMANKY11104 CJ 98-1120479	AGRICULTURE	CJ	NA	C Corporation				No
(216) ROUND TABLE INTEREST RATE FUND LTD 2ND FLR REGATTA OF PRK W BAY RD GRAND CAYMANKY1 1205 CJ	INVESTMENTS	CJ	NA	C Corporation				No
(217) RUBY ATLANTIC AJCP PROGRAM TRS LLC 133 NORTH JEFFERSON ST 4TH FL CHICAGO,IL60661	INVESTMENTS	DE	NA	C Corporation				No
(218) RUBY ATLANTIC REIT INC HMC INC 600 ATLANTIC AVE BOSTON,MA02210 46-4632061	INVESTMENTS	DE	NA	C Corporation				No
(219) SANTA FILOMENA AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	NA	C Corporation				No
(220) SCOLOPAX SRL BRASOV 8 VICTORIEI ST B1 42 BIS BRASOV COUNTY RO	INVESTMENTS	RO	NA	C Corporation				No
(221) SCOUT CAPITAL LONG TERM LTD 89 NEXUS WAY GEORGE TOWN,GRAND CAYMANKY19007 CJ	INVESTMENTS	CJ	NA	C Corporation				No
(222) SERRA GRANDE AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	NA	C Corporation				No
(223) SOBRALIA LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ 98-1084076	INVESTMENTS	CJ	NA	C Corporation				No
(224) SOCIEDAD EXPLOTADORA AGRICOLA SPA DEL INCA NO 4446 OFICINA 1007 LAS CONDES,SANTIAGO CI 98-0632838	INVESTMENTS	CI	NA	C Corporation				No
(225) SORA LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ 98-1098256	INVESTMENTS	CJ	NA	C Corporation				No
(226) SOROTIVO AGROPECUARIA LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	NA	C Corporation				No
(227) STELIS LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ 98-1083800	INVESTMENTS	CJ	NA	C Corporation				No
(228) SUSTAINABLE TEAK PARTCIPACOES LTDA AVE GVRN P DE ARRUDA 10545 ARPRT VAREZEA GRANDE,MATO GROSSOCEP 78110 BR 98-0639215	INVESTMENTS	BR	NA	C Corporation				No
(229) SUSTAINABLE TIMBERS SA AVE JUSTO AROSEMANA 32 ST E CORREGIMIENTO DE CALIDONIA PM	INVESTMENTS	PM	NA	C Corporation				No
(230) TACORA SPA 2939 AV ISIDORA GOYENECHEA 11 FL LAS CONDES,SANTIAGO CI	INVESTMENTS	CI	NA	C Corporation				No
(231) TAGUA SPA 2939 AV ISIDORA GOYENECHEA 11 FL LAS CONDES,SANTIAGO CI 98-1120143	INVESTMENTS	CI	NA	C Corporation				No
(232) TDR SCOTLAND LP ONE STANHOPE GATE LONDON W1K 1AF UK 98-0471766	INVESTMENTS	UK	NA	C Corporation				No
(233) TERENA SA JUNCAL 1327 21 FL MONTEVIDEO 11000 UY	INVESTMENTS	UY	NA	C Corporation				No
(234) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE BAHIA LTDA FAZENDA BOQUEIRAO SN ZONA RURAL,BARRACEP 47100 BR	INVESTMENTS	BR	NA	C Corporation				No
(235) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE MARANHAO LTDA FAZENDA SANTO ANT DA MANGA SN ZONA RURAL,MARANHAOCEP 65660 BR	INVESTMENTS	BR	NA	C Corporation				No
(236) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE MINAS GERAIS LTDA FAZENDA FLEXAS SN ZONA RURAL,MINAS GERAISCEP 39290 BR	INVESTMENTS	BR	NA	C Corporation				No
(237) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE PIAUI LTDA FAZENDA OITEIROS SN ZONA RURAL,GUADALUPECEP 64840 BR	INVESTMENTS	BR	NA	C Corporation				No
(238) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE TOCANTINS LTDA FAZ ESPRODOVIA EST TO-373 KM 101 PEIXE CEP 77460 BR	INVESTMENTS	BR	NA	C Corporation				No
(239) TERRACAL ALIMENTOS E BIOENERGIA LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	NA	C Corporation				No
(240) TERRACAL PARTICIPACOES LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	NA	C Corporation				No
(241) TERRACAL PROPRIEDADES LTDA AV DAS AMERICAS 700 BLOCO 5 CIDADE DO RIO DE JANEIRO,RIO DE JANEIROCEP 22640 BR	INVESTMENTS	BR	NA	C Corporation				No
(242) THIRD WRANGLER LTD PO BOX 309 UGLAND HOUSE GEORGE TOWN,GRAND CAYMANKY11104 CJ 98-1167470	INVESTMENTS	CJ	NA	C Corporation				No
(243) TINAMOU PO BOX 309 UGLAND HOUSE GRAND CAYMANKY11104 CJ 98-1014421	INVESTMENTS	CJ	NA	C Corporation				No
(244) TOUCANET SA PLAZA 2000 16TH FL 50TH ST REPUBLIC OF PANAMA PM	INVESTMENTS	PM	NA	C Corporation				No
(245) TROGON PROPERTIES SA PH PLAZA 2000 BLDG 50TH ST REPUBLIC OF PANAMA PM	INVESTMENTS	PM	NA	C Corporation				No
(246) TUNUYAN SA V FINTDEL CL TER 2 C ABAJO1 C AL MANAGUA NU	INVESTMENTS	NU	NA	C Corporation				No
(247) UNITECA AGROFLORESTAL SA AVE GVRN P DE ARRUDA 10545 ARPRT VAREZEA GRANDE,MATO GROSSOCEP 78110 BR	INVESTMENTS	BR	NA	C Corporation				No
(248) USRA ATLANTIC NET LEASE CAPITAL CORP 1360 AVE OF AMERICAS NEW YORK,NY10019 45-2732642	INVESTMENTS	DE	NA	C Corporation				No
(249) VALHOLL LTD PO BOX 309 UGLAND HOUSE GRAND CAYMAN KY11104 CJ 98-0668673	INVESTMENTS	CJ	NA	C Corporation				No
(250) VERIWASTE LP 20-22 BEDFORD ROW LONDON WC1R 4JS UK 98-0656246	INVESTMENTS	UK	NA	C Corporation				No
(251) VISTA VERDE AGROINDUSTRIAL LTDA AV PEDROSO DE MORAES 12012ANS4 PINHEIROS,SAO PAULO BR	INVESTMENTS	BR	NA	C Corporation				No
(252) WESTERN ROSELLA TRUST 201 ELIZABETH ST SYDNEY NSW 2000 AS 98-1126861	AGRICULTURE	AS	NA	C Corporation				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) . . . . . . . . . . . . . . . . . . . .

Yes

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

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

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

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

Schedule R (Form 990) 2014

Additional Data

Software ID:	14000329
Software Version:	2014v1.0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	1,043,101	173,006
9	Program service revenue (Part VIII, line 2g) .........	747,983	753,628
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	50,700,599	46,828,064
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	100,874	32,607
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	52,592,557	47,787,305
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	1,481,992	1,410,931
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)	11,272,644	11,437,869
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	19,567,765	20,868,628
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	32,322,401	33,717,428
19	Revenue less expenses. Subtract line 18 from line 12.......	20,270,156	14,069,877
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	1,169,058,938	1,180,941,599
21	Total liabilities (Part X, line 26).............	3,853,760	2,560,694
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,165,205,178	1,178,380,905

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 22,886,163 including grants of $ 928,128 ) (Revenue $ 655,625 )
	DUMBARTON OAKS IS A MUSEUM, RESEARCH LIBRARY, AND EDUCATIONAL FACILITY FOR THE STUDY OF BYZANTINE AND MEDIEVAL HUMANITIES, PRE-COLUMBIAN ART, AND LANDSCAPE ARCHITECTURE. THE FACILITY SERVES APPROXIMATELY 38 FELLOWS.

4b	(Code: ) (Expenses $ 5,309,340 including grants of $ 482,803 ) (Revenue $ 98,003 )
	CENTER FOR HELLENIC STUDIES IS AN EDUCATIONAL CENTER IN THE FIELD OF HELLENIC STUDIES DESIGNED TO REDISCOVER HUMANISM OF THE HELLENIC GREEKS. HELLENISM FOR THE CENTER ENCOMPASSES THE EVOLUTION OF THE GREEK LANGUAGE AND ITS CULTURE AS A CENTRAL POINT OF CONTACT FOR ALL OF THE DIFFERENT CIVILIZATIONS OF THE ANCIENT MEDITERRANEAN WORLD. IT ALSO INCLUDES INTERACTIONS WITH FOREIGN CULTURES AND THE DIFFUSION OF ROMAN INFLUENCES. THIS HUMANISTIC VISION ANIMATES THE CENTER'S MAIN ACTIVITIES: (1) BUILDING AND MAINTAINING A WORLD-CLASS COLLECTION OF RESOURCES FOR THE STUDY OF THE ANCIENT GRECO-ROMAN WORLD; (2) MAKING THESE RESOURCES AVAILABLE TO THE COMMUNITY OF SCHOLARS, OFFERING RESIDENTIAL AND NON-RESIDENTIAL FELLOWSHIPS TO SUPPORT RESEARCH IN THE FIELD, AND PROVIDING A VENUE WHERE THE FELLOWS AND OTHER SCHOLARS CAN COLLABORATE AND SHARE THEIR INSIGHTS WITH DIVERSE AUDIENCES BOTH AT THE CENTER AND BEYOND THROUGH SEMINARS, OTHER FORMS OF LIVE PRESENTATIONS, AND PUBLICATIONS; (3) DISSEMINATING SCHOLARSHIP ON THE HELLENIC WORLD IN PRINTED AND ELECTRONIC FORMATS AND DEVELOPING INFORMATION TECHNOLOGIES TO ENHANCE EXISTING METHODS AND PIONEER NEW AVENUES OF RESEARCH AND TEACHING; AND (4) DESIGNING AND ORCHESTRATING ACTIVITIES FOR A GLOBAL AUDIENCE WITH THE GOAL OF ENABLING A WIDE RANGE OF PARTICIPANTS, INCLUDING NON-TRADITIONAL STUDENTS, UNDERGRADUATES, GRADUATE STUDENTS, SCHOLARS FROM OTHER DISCIPLINES, AND LIFE-LONG LEARNERS TO ENGAGE IN THE STUDY AND APPRECIATION OF HELLENIC CULTURE. During fiscal year 2015 the Center for Hellenic Studies was able to provide the following resources: support to 42 research fellows, 17 of whom visited or lived on campus; support to 11 visiting scholars, who visited campus; funding for 11 internships in Washington, DC and 19 scholarships for American and Greek students participating in its programs in Greece; organization of 9 seminars/workshops in which 75 faculty members/professionals and 47 undergraduates were able to participate; and host 10 faculty members and 5 undergraduates for the three research symposia it held during the year.

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












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses28,195,503

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	898,345	1,531,462	834,886

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b		77,163
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f		95,843

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......			173,006
			Business Code
2a	ADMISSIONS AND RELATED		900099	390,989	390,989
b	PUBLICATIONS & MATERIAL		511190	362,639	362,639
c
d
e
f	All other program service revenue .			0	0	0	0
g	Total. Add lines 2a–2f........			753,628
3	Investment income (including dividends, interest, and other similar amounts).......			5,892,511			5,892,511
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........			3,807			3,807
		(i) Real	(ii) Personal
6a	Gross rents	28,800
b	Less: rental expenses
c	Rental income or (loss)	28,800	0
d	Net rental income or (loss).......			28,800			28,800
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	1,296,494,657
b	Less: cost or other basis and sales expenses	1,255,559,104
c	Gain or (loss)	40,935,553	0
d	Net gain or (loss)..........			40,935,553			40,935,553
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Miscellaneous Revenue			Business Code
11a
b
c
d	All other revenue ....			0	0	0	0
e	Total. Add lines 11a–11d ......			0
12	Total revenue. See Instructions......			47,787,305	753,628	0	46,860,671

1	Briefly describe the organization’s mission or most significant activities: TO FACILITATE HARVARD UNIVERSITY'S SCIENTIFIC, LITERARY, AND EDUCATIONAL ACTIVITIES IN WASHINGTON, DC.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	13
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	9
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	207
6	Total number of volunteers (estimate if necessary) .............	6	25
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)		(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(18) SUZANNE DAY DIRECTOR FEDERAL RELATIONS	60.00 .......................0	X	171,575	0	19,117
(19) ALAN DIRICAN Director of Facilities	60.00 .......................0	X	162,448	0	16,322
(20) COLIN MCEWAN Director of Pre-Columbian Studies	60.00 .......................0	X	118,863	0	12,784
(21) GAYATRI SAXENA Director of Finance	60.00 .......................0	X	124,095	0	15,375


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			382,516	1	557,361
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ...........				3
4	Accounts receivable, net .............			138,913	4	84,326
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 .............				7
8	Inventories for sale or use ..............			38,401	8	47,193
9	Prepaid expenses and deferred charges ..........			25,740	9	93,878
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	130,146,975
b	Less: accumulated depreciation .....	10b	34,553,180	87,541,553	10c	95,593,795
11	Investments—publicly traded securities ..........			534,505,919	11	569,048,243
12	Investments—other securities. See Part IV, line 11 .....			331,798,057	12	328,288,339
13	Investments—program-related. See Part IV, line 11 .....			0	13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			214,627,839	15	187,228,464
16	Total assets. Add lines 1 through 15 (must equal line 34)......			1,169,058,938	16	1,180,941,599
17	Accounts payable and accrued expenses .........			3,803,660	17	2,559,594
18	Grants payable .................				18
19	Deferred revenue ................			50,100	19	1,100
20	Tax-exempt bond liabilities .............				20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..				21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........			0	22
23	Secured mortgages and notes payable to unrelated third parties ..				23
24	Unsecured notes and loans payable to unrelated third parties ....				24
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....................			0	25	0
26	Total liabilities. Add lines 17 through 25.........			3,853,760	26	2,560,694
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			1,066,391,559	27	1,074,500,752
28	Temporarily restricted net assets ...........			56,304,412	28	61,370,946
29	Permanently restricted net assets ...........			42,509,207	29	42,509,207
	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 ...........			1,165,205,178	33	1,178,380,905
34	Total liabilities and net assets/fund balances ........			1,169,058,938	34	1,180,941,599

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