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)
(1) J David Allen........................................................................ Trustee	1.0 .......................2.0	X
(2) Kathelen Amos........................................................................ Trustee	1.0 .......................0.0	X
(3) Facundo L Bacardi........................................................................ Trustee	1.0 .......................0.0	X
(4) Thomas Barkin........................................................................ Trustee	1.0 .......................0.0	X
(5) Thomas D Bell Jr........................................................................ Trustee	5.0 .......................0.0	X
(6) Henry L Bowden Jr........................................................................ Trustee	2.0 .......................0.0	X
(7) Susan A Cahoon........................................................................ Trustee	3.0 .......................0.0	X
(8) Shantella Carr Cooper........................................................................ Trustee	1.0 .......................0.0	X
(9) G Lindsey Davis........................................................................ Trustee	3.0 .......................0.0	X
(10) Walter M Deriso Jr........................................................................ Trustee	5.0 .......................0.0	X
(11) Russell R French........................................................................ Trustee	3.0 .......................3.0	X
(12) James R Gavin III........................................................................ Trustee	2.0 .......................0.0	X
(13) John T Glover........................................................................ Trustee	2.0 .......................1.0	X
(14) Robert C Goddard III........................................................................ Trustee	6.0 .......................3.0	X
(15) Javier Goizueta........................................................................ Trustee	1.0 .......................0.0	X
(16) Laura J Hardman........................................................................ Trustee	4.0 .......................0.0	X
(17) C Rob Henrikson........................................................................ Trustee	2.0 .......................0.0	X

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(18) M Douglas Ivester........................................................................ Trustee	4.0 .......................0.0	X					0	0	0
(19) Muhtar Kent........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(20) Jonathan K Layne........................................................................ Trustee	4.0 .......................0.0	X					0	0	0
(21) Steven Lipstein........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(22) Deborah Marlowe........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(23) William T McAlilly........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(24) Teri Plummer McClure........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(25) Lee Miller........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(26) John F Morgan........................................................................ Trustee	7.0 .......................0.0	X					0	0	0
(27) Wendell S Reilly........................................................................ Trustee	4.0 .......................1.0	X					0	0	0
(28) John G Rice........................................................................ Trustee	1.0 .......................1.0	X					0	0	0
(29) Rick M Rieder........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(30) Teresa M Rivero........................................................................ Trustee	2.0 .......................0.0	X					0	0	0
(31) Adam H Rogers........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(32) Katherine T Rohrer........................................................................ Trustee	3.0 .......................0.0	X					0	0	0
(33) Gary W Rollins........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(34) Timothy C Rollins........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(35) Diane W Savage........................................................................ Trustee	4.0 .......................0.0	X					0	0	0
(36) Jeffrey H Schwartz........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(37) Leah Ward Sears........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(38) Lynn H Stahl........................................................................ Trustee	2.0 .......................0.0	X					0	0	0
(39) James E Swanson Sr........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(40) Mitchell Tanzman........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(41) Mary Virginia Taylor........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(42) Gregory Vaughn........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(43) William C Warren IV........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(44) B Michael Watson........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(45) Mark Weinberger........................................................................ Trustee	1.0 .......................0.0	X					0	0	0
(46) Peter Barnes........................................................................ VP-Human Resources	60.0 .......................0.0		X				434,060	0	31,388
(47) Mary L Cahill........................................................................ VP-Investments and CIO	60.0 .......................0.0		X				1,376,161	0	347,208
(48) Wright Caughman MD........................................................................ EVP-Health Affairs	35.0 .......................34.0		X				888,124	834,261	284,288
(49) Susan Cruse........................................................................ SVP-Dev/Alum Relations	65.0 .......................0.0		X				614,861	0	46,096
(50) Allison Dykes........................................................................ VP-University Secretary	60.0 .......................0.0		X				289,995	0	39,015
(51) Carol Kissal........................................................................ VP-Finance/Chief Finance Offic	60.0 .......................0.0		X				252,805	0	7,030
(52) Jerry Lewis........................................................................ SVP-Communications	65.0 .......................0.0		X				172,058	0	15,830
(53) Michael J Mandl........................................................................ EVP-Business/Admin	65.0 .......................4.0		X				1,098,667	0	116,497
(54) Richard Mendola........................................................................ Interim EVP Business/Admin	65.0 .......................0.0		X				594,035	0	50,763
(55) Ajay Nair........................................................................ SVP-Campus Life	65.0 .......................0.0		X				315,937	0	43,954
(56) Stephen D Sencer........................................................................ SVP-General Counsel	65.0 .......................1.0		X				476,755	0	50,113
(57) Claire E Sterk........................................................................ EVP-Academic Affairs	65.0 .......................1.0		X				642,750	0	28,802
(58) James W Wagner........................................................................ President	80.0 .......................0.0		X				1,002,275	0	283,589
(59) Robert J Bachman........................................................................ CEO-Emory University Hospital	60.0 .......................0.0			X			429,159	149,395	40,733
(60) Robin Forman........................................................................ Dean	60.0 .......................0.0			X			401,234	0	42,683
(61) John T Fox........................................................................ CEO-Emory Healthcare	25.0 .......................44.0			X			3,200,026	1,760,931	567,095
(62) Susan M Grant........................................................................ Chief Nursing Officer	30.0 .......................31.0			X			0	560,729	83,936
(63) Christian P Larsen MD........................................................................ Dean	42.0 .......................21.0			X			697,143	640,173	58,545
(64) Dane Peterson........................................................................ CEO-Emory Hospital Midtown	60.0 .......................2.0			X			362,135	219,738	97,950
(65) John M Rhee MD........................................................................ Physician	0.0 .......................60.0				X		0	1,725,436	33,105
(66) Shervin Oskouei MD........................................................................ Physician	0.0 .......................60.0				X		0	1,751,628	34,073
(67) John Xerogeanes MD........................................................................ Physician	0.0 .......................60.0				X		0	1,352,335	34,193
(68) Mathew W Pombo MD........................................................................ Physician	0.0 .......................60.0				X		800	1,207,750	46,227
(69) Daniel L Barrow MD........................................................................ Physician	11.0 .......................50.0				X		225,458	995,803	44,516
(70) Michael ME Johns MD........................................................................ Former Officer	60.0 .......................0.0					X	113,217	1,000	15,164
(71) Edith Murphree........................................................................ FORMER OFFICER	60.0 .......................0.0					X	412,868	0	44,971
(72) Robert APaul........................................................................ Former Dean	40.0 .......................0.0					X	318,764	0	39,089
(73) Thomas J Lawley MD........................................................................ Former Dean	40.0 .......................20.0					X	533,867	0	46,447
(74) Rosemary M Magee........................................................................ Former Officer	45.0 .......................0.0					X	258,123	0	39,547
(75) Fred Sanfilippo MD........................................................................ FormerEVP-Health Affairs	50.0 .......................0.0					X	322,443	0	33,767

(A) Name and business address	(B) Description of services	(C) Compensation
NEW SOUTH CONSTRUCTION COMPANY INC, 1132 WEST PEACHTREE STREET ATLANTA,GA30309	CONSTRUCTION	16,182,466
GAY CONSTRUCTION COMPANY, 2907 LOG CABIN DRIVE SMYRNA,GA30080	CONSTRUCTION	13,394,060
MCCARTHY BUILDING COMPANIES INC, 2859 PACES FERRY ROAD ATLANTA,GA30339	CONSTRUCTION	16,633,675
BRASFIELD GORRIE LLC, 1990 VAUGHN ROAD SUITE 100 KENNESAW,GA30144	CONSTRUCTION	15,162,280
HOLDER CONSTRUCTION COMPANY, 3333 RIVERWOOD PARKWAY SUITE 400 ATLANTA,GA30339	CONSTRUCTION	20,452,780
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 225

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 ....	55,483,246	55,483,246
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ....	233,392,897	233,392,897
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............	8,135,368	8,135,368
4	Benefits paid to or for members ....	0
5	Compensation of current officers, directors, trustees, and key employees ....	16,067,574	6,322,739	9,018,799	726,036
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	1,898,814	28,845	1,869,969
7	Other salaries and wages ....	1,276,513,310	1,184,569,735	79,724,814	12,218,761
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	101,862,685	93,713,670	7,130,388	1,018,627
9	Other employee benefits .......	163,038,469	149,995,391	11,412,693	1,630,385
10	Payroll taxes ...........	88,069,657	81,024,084	6,164,876	880,697
11	Fees for services (non-employees):
a	Management ......	16,444,743		16,444,743
b	Legal .........	5,428,911	4,560,285	814,337	54,289
c	Accounting ...........	595,458		595,458
d	Lobbying ...........	53,000		53,000
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	28,715,777		28,715,777
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....	131,041,972	73,413,184	56,317,838	1,310,950
12	Advertising and promotion ....	4,151,065	3,943,512	207,553
13	Office expenses .......	16,078,139	15,756,577	160,781	160,781
14	Information technology ......	8,932,294	7,235,158	1,607,813	89,323
15	Royalties ..	1,085	1,085
16	Occupancy ...........	83,363,331	73,359,731	9,169,966	833,634
17	Travel ............	28,394,302	23,851,214	2,839,430	1,703,658
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......	0
19	Conferences, conventions, and meetings ....	19,333,388	19,333,388
20	Interest ...........	68,018,182	64,617,273	3,400,909
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization .....	187,731,556	180,222,294	7,509,262
23	Insurance ..............	21,009,382	21,009,382
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	EDUCATIONAL	40,970,733	40,970,733
b	MEDICAL	540,091,587	540,091,587
c	PROVISION FOR BAD DEBTS	109,950,385	109,950,385
d	ADMINISTRATIVE	25,910,817		25,910,817
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	3,280,678,127	2,990,981,763	269,069,223	20,627,141
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	0	1	0
2	Savings and temporary cash investments .........	787,773,999	2	788,131,654
3	Pledges and grants receivable, net ...........	135,667,026	3	92,723,624
4	Accounts receivable, net .............	618,120,158	4	621,506,566
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	0
7	Notes and loans receivable, net .............	0	7	0
8	Inventories for sale or use ..............	15,093,327	8	16,050,652
9	Prepaid expenses and deferred charges ..........	214,111,491	9	200,324,190
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	4,750,142,933
b	Less: accumulated depreciation .....	10b	2,295,173,071	2,437,070,757	10c	2,454,969,862
11	Investments—publicly traded securities ..........	2,065,292,839	11	1,651,680,040
12	Investments—other securities. See Part IV, line 11 .....	5,888,426,037	12	6,036,995,158
13	Investments—program-related. See Part IV, line 11 .....	28,467,402	13	28,410,926
14	Intangible assets ...............	0	14	0
15	Other assets. See Part IV, line 11 ...........	1,744,120	15	3,267,810
16	Total assets. Add lines 1 through 15 (must equal line 34)......	12,191,767,156	16	11,894,060,482
	17	Accounts payable and accrued expenses .........	421,757,505	17	514,562,308
18	Grants payable .................	0	18	0
19	Deferred revenue ................	422,778,979	19	438,434,498
20	Tax-exempt bond liabilities .............	1,535,299,626	20	1,503,384,325
21	Escrow or custodial account liability. Complete Part IV of Schedule D..	0	21	0
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........	0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	0	23	0
24	Unsecured notes and loans payable to unrelated third parties ....	411,273,068	24	403,403,671
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................	1,047,064,710	25	1,014,652,915
26	Total liabilities. Add lines 17 through 25.........	3,838,173,888	26	3,874,437,717
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	3,437,207,495	27	3,322,979,612
28	Temporarily restricted net assets ...........	2,999,598,183	28	2,796,226,545
29	Permanently restricted net assets ...........	1,916,787,590	29	1,900,416,608
	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 ...........	8,353,593,268	33	8,019,622,765
34	Total liabilities and net assets/fund balances ........	12,191,767,156	34	11,894,060,482

- 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

EMORY UNIVERSITY

Employer identification number

58-0566256

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

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

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

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

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

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

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

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

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

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

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

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

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

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

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

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

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

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

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

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

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

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


Total

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

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2014

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....	597,623,779	650,230,364	709,869,256	626,712,257	585,280,325	3,169,715,981
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......						0
3	The value of services or facilities furnished by a governmental unit to the organization without charge..						0
4	Total. Add lines 1 through 3	597,623,779	650,230,364	709,869,256	626,712,257	585,280,325	3,169,715,981
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)..						157,584,540
6	Public support. Subtract line 5 from line 4.						3,012,131,441

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..	597,623,779	650,230,364	709,869,256	626,712,257	585,280,325	3,169,715,981
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	91,037,335	115,235,034	77,858,263	49,478,577	130,865,246	464,474,455
9	Net income from unrelated business activities, whether or not the business is regularly carried on..	0	0	0	0	0	0
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	11,137,853	11,582,359	12,478,669	11,668,462	12,860,220	59,727,563
11	Total support Add lines 7 through 10.						3,693,917,999

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

11,042,095,701

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)) .........

81.543 %

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

83.938 %

16a

33 1/3% support test—2014. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2013. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2014. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2013. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

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

Schedule A (Form 990 or 990-EZ) 2014

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

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

Section C. Computation of Public Support Percentage

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

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

Section D. Computation of Investment Income Percentage

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

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

19a

33 1/3% support tests—2014. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2013. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

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

Schedule A (Form 990 or 990-EZ) 2014

Page 4

Part IV

Supporting Organizations

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

Section A. All Supporting Organizations

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

10a

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

10a

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

10b

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

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

11a

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

11b

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

11c

Schedule A (Form 990 or 990-EZ) 2014

Page 5

Part IV

Supporting Organizations (continued)

Section B. Type I Supporting Organizations

Yes

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

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

Section C. Type II Supporting Organizations

Yes

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

Section D. All Type III Supporting Organizations

Yes

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

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

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

Section E. Type III Functionally-Integrated Supporting Organizations

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

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

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

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

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

Yes

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

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

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

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

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

Schedule A (Form 990 or 990-EZ) 2014

Page 6

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

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

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

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

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

Schedule A (Form 990 or 990-EZ) 2014

Page 7

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

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

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

Schedule A (Form 990 or 990-EZ) 2014

Page 8

Part VI

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

Facts And Circumstances Test

Return Reference	Explanation
FORM 990, SCHEDULE A, PART II, LINE 10	OTHER INCOME TAX YEAR 2010 FINANCIAL ADMINISTRATION - 971,539 CONCESSIONS/SERVICES - 9,939,800 NETWORK/COMMUNICATIONS - 226,514 TOTAL OTHER INCOME - 11,137,853 TAX YEAR 2011 FINANCIAL ADMINISTRATION - 1,236,559 CONCESSIONS/SERVICES - 10,154,475 NETWORK/COMMUNICATIONS - 191,325 TOTAL OTHER INCOME - 11,582,359 TAX YEAR 2012 FUNDRAISING EVENTS - 12,787 FINANCIAL ADMINISTRATION - 1,042,284 CONCESSIONS/SERVICES - 11,231,450 NETWORK/COMMUNICATIONS - 192,148 TOTAL OTHER INCOME - 12,478,669 TAX YEAR 2013 FUNDRAISING EVENTS - (341,638) FINANCIAL ADMINISTRATION - 1,180,145 CONCESSIONS/SERVICES - 10,564,387 NETWORK/COMMUNICATIONS - 265,568 TOTAL OTHER INCOME - 11,668,462 TAX YEAR 2014 FUNDRAISING EVENTS - 216,210 FINANCIAL ADMINISTRATION - 1,062,611 CONCESSIONS/SERVICES - 11,388,013 NETWORK/COMMUNICATIONS - 193,386 TOTAL OTHER INCOME - 12,860,220

Return Reference

Explanation

FORM 990, SCHEDULE A, PART II, LINE 10

OTHER INCOME TAX YEAR 2010 FINANCIAL ADMINISTRATION - 971,539 CONCESSIONS/SERVICES - 9,939,800 NETWORK/COMMUNICATIONS - 226,514 TOTAL OTHER INCOME - 11,137,853 TAX YEAR 2011 FINANCIAL ADMINISTRATION - 1,236,559 CONCESSIONS/SERVICES - 10,154,475 NETWORK/COMMUNICATIONS - 191,325 TOTAL OTHER INCOME - 11,582,359 TAX YEAR 2012 FUNDRAISING EVENTS - 12,787 FINANCIAL ADMINISTRATION - 1,042,284 CONCESSIONS/SERVICES - 11,231,450 NETWORK/COMMUNICATIONS - 192,148 TOTAL OTHER INCOME - 12,478,669 TAX YEAR 2013 FUNDRAISING EVENTS - (341,638) FINANCIAL ADMINISTRATION - 1,180,145 CONCESSIONS/SERVICES - 10,564,387 NETWORK/COMMUNICATIONS - 265,568 TOTAL OTHER INCOME - 11,668,462 TAX YEAR 2014 FUNDRAISING EVENTS - 216,210 FINANCIAL ADMINISTRATION - 1,062,611 CONCESSIONS/SERVICES - 11,388,013 NETWORK/COMMUNICATIONS - 193,386 TOTAL OTHER INCOME - 12,860,220

Schedule A (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

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

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

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

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

OMB No. 1545-0047

2014

Name of the organization

EMORY UNIVERSITY

Employer identification number

58-0566256

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 EMORY 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 EMORY 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
EMORY UNIVERSITY

Employer identification number

58-0566256

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:
Software Version:

- TIN:

SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet

Complete if the organization is described below. SchCMd Bullet

Attach to Form 990 or Form 990-EZ.
SchCMd Bullet

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

OMB No. 1545-0047

2014

Open to Public
Inspection

If the organization answered "Yes" to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" to Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet

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

Name of the organization

EMORY UNIVERSITY

Employer identification number

58-0566256

Part I-A

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

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

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

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

Part I-B

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

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

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

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

Yes No

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

Yes No

If "Yes," describe in Part IV.

Part I-C

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

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

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

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

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

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.

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

Cat. No. 50084S

Schedule C (Form 990 or 990-EZ) 2014

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check SchCMd Bullet

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

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

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......
b	Total lobbying expenditures to influence a legislative body (direct lobbying) .......
c	Total lobbying expenditures (add lines 1a and 1b) ...................
d	Other exempt purpose expenditures ........................
e	Total exempt purpose expenditures (add lines 1c and 1d) ...............
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ......................................	Yes No

4-Year Averaging Period Under section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2011	(b) 2012	(c) 2013	(d) 2014	(e) Total

2a	Lobbying nontaxable amount

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

c	Total lobbying expenditures

d	Grassroots nontaxable amount

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

f	Grassroots lobbying expenditures

Schedule C (Form 990 or 990-EZ) 2014

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each "Yes" response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

Yes

297,594

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

297,594

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

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

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

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

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

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

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

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."

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

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

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

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

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

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

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................

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

Part IV

Supplemental Information

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

Return Reference	Explanation
FORM 990, SCHEDULE C, PART II-B, LINE 1I	OTHER ACTIVITIES Emory University did not participate or intervene in any political campaigns. A de minimis portion of Emory University's total activities involve legislative and regulatory matters of direct concern to higher education and health care or of compelling importance to Emory University in particular. Under the Honest Leadership and Open Government Act of 2007, an amendment to the Lobbying Disclosure Act of 1995, Emory University reports detailed lobbying activities at the national level on a quarterly and semi-annual basis to the Secretary of the Senate and the Clerk of the House of Representatives. Emory University also reports detailed lobbying activities at the state level to the Georgia Government Transparency and Campaign Finance Commission. Efforts to influence legislation and regulation are directed by the Emory University Office of Government and Community Affairs. The office consists of five employees who act as Emory University's liaisons and monitor proposed and enacted legislation and other governmental developments. Activities of the staff include contact by letters, phone calls, emails, and meetings with legislators and members of their legislative staffs or other government officials. Meetings with local citizens are also conducted regarding issues with local government. Emory University lobbies both the federal and state government on issues of major concern: higher education, economic development, human resources, cultural resources, community relations, youth issues, environmental concerns, university regulation, research issues, transportation, appropriations/budget, tax issues, and healthcare. Estimated expenses are as follows: Salaries: 158,564 Contract Lobbyists: 53,000 Travel: 3,182 Miscellaneous: 15,386 Membership dues: 67,462 Total: $297,594

Return Reference

Explanation

FORM 990, SCHEDULE C, PART II-B, LINE 1I

OTHER ACTIVITIES Emory University did not participate or intervene in any political campaigns. A de minimis portion of Emory University's total activities involve legislative and regulatory matters of direct concern to higher education and health care or of compelling importance to Emory University in particular. Under the Honest Leadership and Open Government Act of 2007, an amendment to the Lobbying Disclosure Act of 1995, Emory University reports detailed lobbying activities at the national level on a quarterly and semi-annual basis to the Secretary of the Senate and the Clerk of the House of Representatives. Emory University also reports detailed lobbying activities at the state level to the Georgia Government Transparency and Campaign Finance Commission. Efforts to influence legislation and regulation are directed by the Emory University Office of Government and Community Affairs. The office consists of five employees who act as Emory University's liaisons and monitor proposed and enacted legislation and other governmental developments. Activities of the staff include contact by letters, phone calls, emails, and meetings with legislators and members of their legislative staffs or other government officials. Meetings with local citizens are also conducted regarding issues with local government. Emory University lobbies both the federal and state government on issues of major concern: higher education, economic development, human resources, cultural resources, community relations, youth issues, environmental concerns, university regulation, research issues, transportation, appropriations/budget, tax issues, and healthcare. Estimated expenses are as follows: Salaries: 158,564 Contract Lobbyists: 53,000 Travel: 3,182 Miscellaneous: 15,386 Membership dues: 67,462 Total: $297,594

Schedule C (Form 990 or 990EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
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

EMORY UNIVERSITY

Employer identification number

58-0566256

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

$ 2,596,312

(ii)

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

$ 89,720,092

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

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

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

Cat. No. 52283D

Schedule D (Form 990) 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 EDUCATIONAL PROGRAMS

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 ....	5,962,965,212	5,247,301,885	4,985,984,504	4,850,177,182	4,343,712,644
b	Contributions ........	108,493,602	52,572,333	90,867,213	-17,668,741	29,110,565
c	Net investment earnings, gains, and losses	-66,428,385	893,744,270	410,748,746	383,145,581	709,113,678
d	Grants or scholarships .....	22,051,776	18,150,191	17,667,597	15,546,783	14,292,388
e	Other expenditures for facilities and programs ........	200,138,770	193,769,135	204,196,096	199,226,108	198,090,359
f	Administrative expenses ....	19,700,996	18,733,950	18,434,885	14,896,627	19,376,958
g	End of year balance ......	5,763,138,887	5,962,965,212	5,247,301,885	4,985,984,504	4,850,177,182

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

Board designated or quasi-endowment SchDMd Bullet

24.370 %

Permanent endowment SchDMd Bullet

31.250 %

Temporarily restricted endowment SchDMd Bullet

44.380 %

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

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

Yes

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

3a(i)

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

3a(ii)

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

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

Part VI

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

Description of property		(a) Cost or other basis (investment)	(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................	1,539,769	79,046,214		80,585,983
b	Buildings ................		2,707,704,190	1,067,782,536	1,639,921,654
c	Leasehold improvements ............
d	Equipment ................		1,961,852,760	1,227,390,535	734,462,225
e	Other .................
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......					2,454,969,862

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	-1,110,645	F
(2)Closely-held equity interests
(3)Other (A) SHORT-TERM INVESTMENTS	252,167,772	F
(B) COMMINGLED FUNDS-EQUITY	554,458,481	F
(C) COMMINGLED FUNDS-FIXED INCOME	155,107,834	F
(D) REAL ESTATE PARTNERSHIPS	239,992,331	F
(E) INVESTMENT-PRIVATE SECURITIES	11,257,238	F
(F) MARKETABLE REAL ESTATE	8,205,827	F
(G) HEDGED STRATEGIES	2,089,482,483	F
(H) PRIVATE MARKET INVESTMENTS	1,208,803,473	F
(I) NATURAL RESOURCES	444,843,980	F
(J) OIL/GAS	2,255,404	F
(K) INTEREST IN PERPETUAL FUNDS	1,071,530,980	F
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	6,036,995,158

Part VIII

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

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









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

Part IX

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

(a) Description				(b) Book value









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

Part X

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

1.(a) Description of liability		(b) Book value
Federal income taxes		0
INTEREST PAYABLE		28,828,045
PROFESSIONAL LIABILITY RESERVE		129,926,540
FUNDS HELD IN TRUST FOR OTHERS		645,995,774
GOV ADVANCE-FEDERAL LOAN PROG		17,833,646
ANNUITIES PAYABLE		17,073,012
LIABILITY FOR DERIVATIVES		174,995,898



Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		1,014,652,915
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
FORM 990, SCHEDULE D, PART III, LINE 4	COLLECTIONS OF ART, HISTORICAL TREASURES & SIMILAR ASSETS THE MICHAEL C. CARLOS MUSEUM COLLECTS, PRESERVES, EXHIBITS, AND INTERPRETS ART AND ARTIFACTS FROM ANTIQUITY TO THE PRESENT IN ORDER TO PROVIDE UNIQUE OPPORTUNITIES FOR EDUCATION AND ENRICHMENT IN THE COMMUNITY AND TO PROMOTE INTERDISCIPLINARY TEACHING AND RESEARCH AT EMORY UNIVERSITY. THE COLLECTIONS EMPHASIZE: A) WORKS OF ART ON PAPER; B) THE ART OF THE ANCIENT CULTURES OF THE MEDITERRANEAN BASIN INCLUDING GREECE AND ROME; C) THE ART OF ANCIENT EGYPT, NUBIA AND THE NEAR EAST; D) THE ART OF THE INDIGENOUS AMERICAS; E) THE ART OF SUB-SAHARAN AFRICA; F) THE ART OF ASIA. THE MUSEUM IS FORTUNATE TO HAVE RECEIVED ASSISTANCE FROM 84 VOLUNTEERS DURING THE REPORTING YEAR WHO COLLECTIVELY PROVIDED APPROXIMATELY 7,510 HOURS LEADING TOURS, CONDUCTING WORKSHOPS, ASSISTING WITH THE CONSERVATION TREATMENT OF ARTWORK, FACILITATING SPECIAL EVENTS, AND PROVIDING OTHER ADMINISTRATIVE SUPPORT. The Manuscript, Archives and Rare Book Library ("MARBL") develops, preserves and makes accessible focused areas to support the research and teaching mission of the university. MARBL's collections of rare books, distinctive collections in unpublished personal and organizational records, works of art, and research collections emphasize: a) Literature; b) African American history and culture; c) Early printed works from the Low Countries; d) Southern history; e) Religion; f) The Civil Rights and Post-Civil Rights periods; g) Frontiers of medicine; h) Conflict resolution; AND I) HISTORY OF EMORY UNIVERSITY, ITS PREDECESSOR SCHOOLS, AND ITS AFFILIATE ORGANIZATIONS.
FORM 990, SCHEDULE D, PART V, LINE 4	INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS THE INTENDED USES OF EMORY UNIVERSITY'S ENDOWMENT FUNDS consist of A VARIETY OF AREAS INCLUDING FUNDING OF SCHOLARSHIPS AND FELLOWSHIPS, ENDOWED CHAIRS, LECTURESHIPS, PROFESSORSHIPS, OPERATING BUDGET SUPPORT, LIBRARY BOOKS, CAPITAL PROJECTS, RESEARCH, STUDENT LOANS AND OTHER SPECIAL PROJECTS.
FORM 990, SCHEDULE D, PART X, LINE 2	ASC740, INCOME TAXES The University is recognized as a tax exempt organization as defined in Section 501(c)(3) of the U.S. Internal Revenue Code (the Code) and is generally exempt from the federal income taxes on related income pursuant to Section 501(a) of the Code. Accordingly, no provision for income taxes is made in the consolidated financial statements. Unrelated business income of the University is reported on Form 990-T. As of August 31, 2015 and 2014, there were no material uncertain tax positions.

Schedule D (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE E(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Schools

Complete if the organization answered "Yes" to Form 990,
Part IV, line 13, or Form 990-EZ, Part VI, line 48.
Right pointing arrow large image

Attach to Form 990 or Form 990-EZ.
Right pointing arrow large image

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

OMB No. 1545-0047 2014Open to Public Inspection

Name of the organization

EMORY UNIVERSITY

Employer identification number

58-0566256

Part I

YES

Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,

other governing instrument, or in a resolution of its governing body? ......................

Yes

Does the organization include a statement of its racially nondiscriminatory policy toward students in all its

brochures, catalogues, and other written communications with the public dealing with student admissions,

programs, and scholarships? ......................................

Yes

Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during

the period of solicitation for students, or during the registration period if it has no solicitation program, in a way

that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"

please explain. If you need more space use Part II. .............................

Yes

Does the organization maintain the following?

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

Yes

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

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

Yes

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

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

Yes

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

Yes

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

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

Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05

of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.

Yes

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

Cat. No. 50085D

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

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

Page 2

Part II

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

Return Reference	Explanation
FORM 990, SCHEDULE E, PART I, LINE 3	GENERAL INFORMATION Emory University is dedicated to providing equal opportunities to all individuals regardless of race, color, religion, ethnic or national origin, gender, age, disability, sexual orientation, gender identity, gender expression, veteran's status, or any factor that is a prohibited consideration under applicable law. Emory University does not discriminate in admissions, educational programs, or employment on the basis of any factor outlined above or prohibited under applicable law. Students, faculty, and staff are assured of participation in University programs and in the use of facilities without such discrimination. Emory University complies with all applicable equal employment opportunity laws and regulations, and follows the principles outlined above in all aspects of employment including recruitment, hiring, promotions, transfers, discipline, terminations, wage and salary administration, benefits, and training.
FORM 990, SCHEDULE E, PART I, LINE 3	NONDISCRIMINATORY POLICY All University advertisements, solicitations and catalogs include a nondiscriminatory policy statement. The policy reflects that the University does not discriminate in admissions, educational programs, financial aid, or employment on the basis of race, color, religion, ethnic or national origin, gender, age, disability, sexual orientation, gender identity, gender expression, or veteran's status; and prohibits such discrimination by its students, faculty and staff.
FORM 990, SCHEDULE E, PART I, LINE 6A	FINANCIAL AID & GOVERNMENT ASSISTANCE The financial aid or assistance received from a government agency consists of U.S. government advances received for Title IV Student Financial Assistance Programs and Title VII Health and Human Services Student Aid Assistance Programs. Federal, State of Georgia, and City of Atlanta funds are received for various restricted grants, scholarships and contracts.

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

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

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
EMORY UNIVERSITY

Employer identification number

58-0566256

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		3	Program Services	Conference	28,750
	Central America and the Caribbean			Program Services	Education	137,057
	Central America and the Caribbean			Program Services	Recruiting	145
	Central America and the Caribbean		1	Program Services	Research	24,969
	Central America and the Caribbean			Program Services	Subcontract	318,351
	Central America and the Caribbean			Investments		2,179,595,868
	East Asia and the Pacific			Program Services	Alumni Activity	113,112
	East Asia and the Pacific			Program Services	Conference	43,206
	East Asia and the Pacific		3	Program Services	Education	300,793
	East Asia and the Pacific			Program Services	Recruiting	65,413
	East Asia and the Pacific		6	Program Services	Research	201,104
	East Asia and the Pacific			Investments	Management fees	1,734,973
	East Asia and the Pacific			Program Services	Grant	4,000
	East Asia and the Pacific			Program Services	Subcontract	522,041
	East Asia and the Pacific			Investments		69,726,354
	Europe (Including Iceland and Greenland)			Program Services	Alumni Activity	24,577
	Europe (Including Iceland and Greenland)			Program Services	Conference	208,045
	Europe (Including Iceland and Greenland)		51	Program Services	Education	1,928,234
	Europe (Including Iceland and Greenland)			Program Services	Recruiting	30,286
	Europe (Including Iceland and Greenland)	1	6	Program Services	Research	447,221
	Europe (Including Iceland and Greenland)			Program Services	Performance/Exhibit	42,041
	Europe (Including Iceland and Greenland)			Program Services	Subcontract	1,309,837
	Europe (Including Iceland and Greenland)			Investments		254,252,837
	Middle East and North Africa			Program Services	Alumni Activity	696
	Middle East and North Africa			Program Services	Conference	71,280
	Middle East and North Africa		3	Program Services	Education	62,251
	Middle East and North Africa			Program Services	Recruiting	10,338
	Middle East and North Africa			Program Services	Research	10,582
	Middle East and North Africa			Investments		3,075,489
	North America			Program Services	Alumni Activity	3,391
	North America			Program Services	Conference	17,259
	North America			Program Services	Education	3,028
	North America			Program Services	Recruiting	970
	North America		1	Program Services	Research	20,874
	North America			Program Services	Performance/Exhibit	11,803
	North America			Program Services	Grant	8,000
	North America			Program Services	Subcontract	730,980
	North America			Investments		19,569,854
	Russia and the Newly Independent States			Program Services	Conference	16,657
	Russia and the Newly Independent States		8	Program Services	Education	27,803
	Russia and the Newly Independent States			Program Services	Recruiting	2,940
	Russia and the Newly Independent States		2	Program Services	Research	23,374
	Russia and the Newly Independent States			Program Services	Subcontract	10,578
	South America			Program Services	Alumni Activity	38
	South America			Program Services	Conference	10,089
	South America		4	Program Services	Education	383,520
	South America			Program Services	Recruiting	25,979
	South America		1	Program Services	Research	42,950
	South America			Program Services	Performance/Exhibit	4,677
	South America			Program Services	Grant	5,000
	South America			Program Services	Subcontract	146,570
	South America			Investments		952,803
	South Asia			Program Services	Alumni Activity	8,554
	South Asia			Program Services	Conference	47,306
	South Asia		7	Program Services	Education	396,657
	South Asia			Program Services	Recruiting	8,404
	South Asia		4	Program Services	Research	190,431
	South Asia			Investments	Management fees	8,125
	South Asia			Program Services	Subcontract	1,335,149
	South Asia			Investments		32,462,891
	Sub-Saharan Africa		1	Program Services	Conference	313,602
	Sub-Saharan Africa		8	Program Services	Education	287,499
	Sub-Saharan Africa			Program Services	Recruiting	38
	Sub-Saharan Africa	5	55	Program Services	Research	5,617,621
	Sub-Saharan Africa			Program Services	Grant	5,000
	Sub-Saharan Africa			Program Services	Subcontract	3,802,978
	Sub-Saharan Africa			Investments		46,133,131
	Sub-Saharan Africa			Investments	Management fees	418,332
3a	Sub-total .....		13			2,253,048,758
b	Total from continuation sheets to Part I ...	6	151			374,295,947
c	Totals (add lines 3a and 3b)	6	164			2,627,344,705

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

Schedule F (Form 990) 2014

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

(a)(c) Region	(b)(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	10,065	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	39,330	WIRE
North America	RESEARCH/SUBCONTRACT	62,890	WIRE
North America	RESEARCH/SUBCONTRACT	163,052	WIRE
South America	RESEARCH/SUBCONTRACT	32,000	WIRE
North America	RESEARCH/SUBCONTRACT	6,100	WIRE
North America	RESEARCH/SUBCONTRACT	17,342	WIRE
South America	RESEARCH/SUBCONTRACT	24,625	WIRE
Europe (Including Iceland and Greenland)	RESEARCH/SUBCONTRACT	262,593	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	98,648	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	47,334	WIRE
Europe (Including Iceland and Greenland)	RESEARCH/SUBCONTRACT	98,000	WIRE
South America	RESEARCH/SUBCONTRACT	56,395	WIRE
South America	RESEARCH/SUBCONTRACT	33,035	WIRE
Europe (Including Iceland and Greenland)	RESEARCH/SUBCONTRACT	564,270	WIRE
East Asia and the Pacific	RESEARCH/SUBCONTRACT	131,293	WIRE
South Asia	RESEARCH/SUBCONTRACT	122,222	WIRE
South Asia	RESEARCH/SUBCONTRACT	86,672	WIRE
East Asia and the Pacific	RESEARCH/SUBCONTRACT	65,384	WIRE
Russia and the Newly Independent States	RESEARCH/SUBCONTRACT	8,442	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	391,933	WIRE
Central America and the Caribbean	RESEARCH/SUBCONTRACT	318,351	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	366,510	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	13,484	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	216,893	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	636,761	WIRE
South Asia	RESEARCH/SUBCONTRACT	136,956	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	129,180	WIRE
North America	RESEARCH/SUBCONTRACT	34,482	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	47,409	WIRE
Europe (Including Iceland and Greenland)	RESEARCH/SUBCONTRACT	25,121	WIRE
South Asia	RESEARCH/SUBCONTRACT	10,500	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	12,652	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	24,948	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	28,114	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	22,388	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	5,180	WIRE
East Asia and the Pacific	RESEARCH/SUBCONTRACT	33,133	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	1,104,736	WIRE
South Asia	RESEARCH/SUBCONTRACT	413,867	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	89,966	WIRE
East Asia and the Pacific	RESEARCH/SUBCONTRACT	32,670	WIRE
North America	RESEARCH/SUBCONTRACT	45,064	WIRE
East Asia and the Pacific	RESEARCH/SUBCONTRACT	85,167	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	90,000	WIRE
East Asia and the Pacific	RESEARCH/SUBCONTRACT	69,535	WIRE
South Asia	RESEARCH/SUBCONTRACT	564,932	WIRE
North America	RESEARCH/SUBCONTRACT	173,353	WIRE
Europe (Including Iceland and Greenland)	RESEARCH/SUBCONTRACT	38,536	WIRE
North America	RESEARCH/SUBCONTRACT	47,981	WIRE
Europe (Including Iceland and Greenland)	RESEARCH/SUBCONTRACT	45,721	WIRE
Europe (Including Iceland and Greenland)	RESEARCH/SUBCONTRACT	38,010	WIRE
Europe (Including Iceland and Greenland)	RESEARCH/SUBCONTRACT	20,111	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	313,384	WIRE
Europe (Including Iceland and Greenland)	RESEARCH/SUBCONTRACT	145,227	WIRE
North America	RESEARCH/SUBCONTRACT	139,916	WIRE
Europe (Including Iceland and Greenland)	RESEARCH/SUBCONTRACT	69,132	WIRE
East Asia and the Pacific	RESEARCH/SUBCONTRACT	104,000	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	57,130	WIRE
Sub-Saharan Africa	RESEARCH/SUBCONTRACT	19,068	WIRE
Sub-Saharan Africa	RESEARCH/SUB	37,865	WIRE

Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .... MediumBullet

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

Schedule F (Form 990) 2014

Schedule F (Form 990) 2014Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance		(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement	(f) Amount of non-cash assistance	(g) Description of non-cash assistance	(h) Method of valuation (book, FMV, appraisal, other)

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
FORM 990, SCHEDULE F, PART I, LINE 2	PROCESS FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE U.S. EMORY USES STANDARD OPERATING PROCEDURES FOR EACH GRANT AGREEMENT THAT INCLUDES REGULAR MONITORING OF ACTIVITY MILESTONES, BUDGETS, AND EXPENDITURES. EMORY UNIVERSITY ALSO REQUIRES LEGAL SUBCONTRACTS THAT INCLUDE DETAILED ACTIVITY AND BUDGET MILESTONES. TECHNICAL AND FINANCIAL REPORTS ARE REVIEWED CLOSELY. Emory University is responsible for ensuring that it communicates the relevant and necessary information contained in the award document to the subrecipients. The Office of Sponsored Programs maintains a copy of the Subcontract Agreement, which stipulates the terms of the award and is signed by representatives of both Emory University and the subrecipient organization. This agreement indicates that the subrecipient understands and is aware of the award requirements. In addition, if there are any further changes to the Agreement, an amendment to the agreement is generated and signed by the representative of Emory University and the subrecipient.

Schedule F (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

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

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization
EMORY UNIVERSITY

Employer identification number

58-0566256

Part I

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

filers are not required to complete this part.

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

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

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

Yes

If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(i) Name and address of individual or entity (fundraiser)		(iii) Did fundraiser have custody or control of contributions?
		Yes	No
	NONE		No









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

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

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

Cat. No. 50083H

Schedule G (Form 990 or 990-EZ) 2014

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 A FAMILY AFFAIR (event type)	(b) Event #2 WINSHIP 5K (event type)	(c) Other events 4 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . .	871,457	779,000	392,016	2,042,473
2	Less: Contributions . .	809,507	497,804	230,572	1,537,883
3	Gross income (line 1 minus line 2) . . .	61,950	281,196	161,444	504,590
4	Cash prizes . . .
5	Noncash prizes . .
6	Rent/facility costs . .			19,766	19,766
7	Food and beverages .
8	Entertainment . . .
9	Other direct expenses .	90,835	98,093	79,686	268,614
10	Direct expense summary. Add lines 4 through 9 in column (d) ...........				288,380
11	Net income summary. Subtract line 10 from line 3, column (d)...........				216,210

Part III

Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

(a) Bingo

(b) Pull tabs/Instant
bingo/progressive bingo

(c) Other gaming

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

Gross revenue . . . .

Cash prizes . . . .

Non-cash prizes . . .

Rent/facility costs . . .

Other direct expenses . .

Volunteer labor . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

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

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

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

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

YesNo

If "No," explain:

10a

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

YesNo

If "Yes," explain:

Schedule G (Form 990 or 990-EZ) 2014

Page 3

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

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? ..........................

YesNo

Indicate the percentage of gaming activities conducted in:

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

13a

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

13b

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

Name

Address

15a

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

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

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

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

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

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

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

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

Part IV

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

Return Reference	Explanation

Schedule G (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE H (Form 990)

Department of the TreasuryInternal Revenue Service

Hospitals

Complete if the organization answered "Yes" to Form 990, Part IV, question 20.
MediumBullet

Attach to Form 990.
MediumBullet

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

EMORY UNIVERSITY

Employer identification number

58-0566256

Part I

Financial Assistance and Certain Other Community Benefits at Cost

Yes

Did the organization have a financial assistance policy during the tax year? If "No," skip to question 6a ...

Yes

If "Yes," was it a written policy? .......................

Yes

If the organization had multiple hospital facilities, indicate which of the following best describes application of the financial assistance policy to its various hospital facilities during the tax year.

Applied uniformly to all hospital facilities Applied uniformly to most hospital facilities Generally tailored to individual hospital facilities

Answer the following based on the financial assistance eligibility criteria that applied to the largest number of the organization's patients during the tax year.

Did the organization use Federal Poverty Guidelines (FPG) as a factor in determining eligibility for providing free care?

If "Yes," indicate which of the following was the FPG family income limit for eligibility for free care:

Yes

100% 150% 200% Other %

Did the organization use FPG as a factor in determining eligibility for providing discounted care? If "Yes," indicate

which of the following was the family income limit for eligibility for discounted care: .........

Yes

200% 250% 300% 350% 400% Other %

If the organization used factors other than FPG in determining eligibility, describe in Part VI the criteria used for determining eligibility for free or discounted care. Include in the description whether the organization used an asset test or other threshold, regardless of income, as a factor in determining eligibility for free or discounted care.

Did the organization's financial assistance policy that applied to the largest number of its patients during the tax year provide for free or discounted care to the "medically indigent"? ..............

Yes

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

Yes

If "Yes," did the organization's financial assistance expenses exceed the budgeted amount? ......

If "Yes" to line 5b, as a result of budget considerations, was the organization unable to provide free or discountedcare to a patient who was eligibile for free or discounted care? ..............

Did the organization prepare a community benefit report during the tax year? ..........

Yes

If "Yes," did the organization make it available to the public? ..............

Yes

Complete the following table using the worksheets provided in the Schedule H instructions. Do not submit these worksheets with the Schedule H.

Financial Assistance and Certain Other Community Benefits at Cost

Financial Assistance and Means-Tested Government Programs		(c) Total community benefit expense	(d) Direct offsetting revenue	(e) Net community benefit expense	(f) Percent of total expense
a	Financial Assistance at cost (from Worksheet 1) ..	31,762,948		31,762,948	1.000 %
b	Medicaid (from Worksheet 3, column a) ....	132,608,235	109,416,680	23,191,555	0.730 %
c	Costs of other means-tested government programs (from Worksheet 3, column b) .
d	Total Financial Assistance and Means-Tested Government Programs .	164,371,183	109,416,680	54,954,503	1.730 %
Other Benefits		1,968,119		1,968,119	0.060 %
e	Community health improvement services and community benefit operations (from Worksheet 4) ..	1,968,119		1,968,119	0.060 %
f	Health professions education (from Worksheet 5) ..	376,235,622	60,853,089	315,382,533	9.950 %
g	Subsidized health services (from Worksheet 6) ..	188,637,067	109,416,680	79,220,387	2.500 %
h	Research (from Worksheet 7)	461,413,658	365,911,301	95,502,357	3.010 %
i	Cash and in-kind contributions for community benefit (from Worksheet 8)	330,466		330,466	0.010 %
j	Total. Other Benefits ..	1,028,584,932	536,181,070	492,403,862	15.530 %
k	Total. Add lines 7d and 7j .	1,192,956,115	645,597,750	547,358,365	17.260 %

For Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 50192T Schedule H (Form 990) 2014

Schedule H (Form 990) 2014

Page

Part II

Community Building Activities Complete this table if the organization conducted any community building activities during the tax year, and describe in Part VI how its community building activities promoted the health of the communities it serves.

		(a) Number of activities or programs (optional)	(b) Persons served (optional)	(c) Total community building expense	(d) Direct offsetting revenue	(e) Net community building expense	(f) Percent of total expense
1	Physical improvements and housing
2	Economic development
3	Community support
4	Environmental improvements
5	Leadership development and training for community members
6	Coalition building
7	Community health improvement advocacy
8	Workforce development
9	Other
10	Total

Part III

Bad Debt, Medicare, & Collection Practices

Section A. Bad Debt Expense

Yes

Did the organization report bad debt expense in accordance with Heathcare Financial Management Association Statement No. 15? ..........................

Yes

Enter the amount of the organization's bad debt expense. Explain in Part VI the methodology used by the organization to estimate this amount. ......

112,331,574

Enter the estimated amount of the organization's bad debt expense attributable to patients eligible under the organization's financial assistance policy. Explain in Part VI the methodology used by the organization to estimate this amount and the rationale, if any, for including this portion of bad debt as community benefit. ......

2,246,631

Provide in Part VI the text of the footnote to the organization’s financial statements that describes bad debt expense or the page number on which this footnote is contained in the attached financial statements.

Section B. Medicare

Enter total revenue received from Medicare (including DSH and IME).....

334,572,068

Enter Medicare allowable costs of care relating to payments on line 5.....

384,910,129

Subtract line 6 from line 5. This is the surplus (or shortfall)........

-50,338,061

Describe in Part VI the extent to which any shortfall reported in line 7 should be treated as community benefit.Also describe in Part VI the costing methodology or source used to determine the amount reported on line 6.Check the box that describes the method used:

Cost accounting system Cost to charge ratio Other

Section C. Collection Practices

Did the organization have a written debt collection policy during the tax year? ..........

Yes

If "Yes," did the organization’s collection policy that applied to the largest number of its patients during the tax year contain provisions on the collection practices to be followed for patients who are known to qualify for financial assistance? Describe in Part VI.......................

Yes

Part IV

Management Companies and Joint Ventures(owned 10% or more by officers, directors, trustees, key employees, and physicians—see instructions)

(a) Name of entity	(b) Description of primary activity of entity	(c) Organization's profit % or stock ownership %	(d) Officers, directors, trustees, or key employees' profit % or stock ownership %	(e) Physicians' profit % or stock ownership %
1
2
3
4
5
6
7
8
9
10
11
12
13

Schedule H (Form 990) 2014

Page

Part VFacility Information

Section A. Hospital Facilities (list in order of size from largest to smallest—see instructions) How many hospital facilities did the organization operate during the tax year?3 Name, address, primary website address, and state license number (and if a group return, the name and EIN of the subordinate hospital organization that operates the hospital facility)
1	EMORY UNIVERSITY HOSPITAL 1364 CLIFTON ROAD NE ATLANTA,GA30322 www.emoryhealthcare.org 044-699	X	X	X	X	X
2	EMORY UNIVERSITY HOSPITAL MIDTOWN 550 PEACHTREE STREET NE ATLANTA,GA30308 www.emoryhealthcare.org 060-453	X	X	X	X	X
3	EMORY UNIVERSITY ORTHOPAEDICS & SPINE 1455 MONTREAL ROAD EAST TUCKER,GA30084 WWW.EMORYHEALTHCARE.ORG 044-636	X	X	X	X

Schedule H (Form 990) 2014

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Part VFacility Information (continued)

Section B. Facility Policies and Practices

(Complete a separate Section B for each of the hospital facilities or facility reporting groups listed in Part V, Section A)

	HOSPITAL FACILITIES LINES 1-3
Name of hospital facility or letter of facility reporting group

Line number of hospital facility, or line numbers of hospital facilities in a facility
reporting group (from Part V, Section A):

Yes

Community Health Needs Assessment

Was the hospital facility first licensed, registered, or similarly recognized by a State as a hospital facility in the current tax year or the immediately preceding tax year?.......................

Was the hospital facility acquired or placed into service as a tax-exempt hospital in the current tax year or the immediately preceding tax year? If “Yes,” provide details of the acquisition in Section C..........

During the tax year or either of the two immediately preceding tax years, did the hospital facility conduct a community health needs assessment (CHNA)? If "No," skip to line 12....................

Yes

If "Yes," indicate what the CHNA report describes (check all that apply):

A definition of the community served by the hospital facility

Demographics of the community

Existing health care facilities and resources within the community that are available to respond to the health needs of the community

How data was obtained

The significant health needs of the community

Primary and chronic disease needs and other health issues of uninsured persons, low-income persons, and minority groups

The process for identifying and prioritizing community health needs and services to meet the community health needs

The process for consulting with persons representing the community’s interests

Information gaps that limit the hospital facility’s ability to assess the community’s health needs

Other (describe in Section C)

Indicate the tax year the hospital facility last conducted a CHNA: 20 13

In conducting its most recent CHNA, did the hospital facility take into account input from persons who represent the broad interests of the community served by the hospital facility, including those with special knowledge of or expertise in public health? If "Yes," describe in Section C how the hospital facility took into account input from persons who represent the community, and identify the persons the hospital facility consulted .................

Yes

Was the hospital facility’s CHNA conducted with one or more other hospital facilities? If "Yes," list the other hospital facilities in Section C................................

Yes

Was the hospital facility’s CHNA conducted with one or more organizations other than hospital facilities?” If “Yes,” list the other organizations in Section C. ............................

Yes

Did the hospital facility make its CHNA report widely available to the public? ..............

Yes

If "Yes," indicate how the CHNA report was made widely available (check all that apply):

Hospital facility’s website (list url): www.emoryhealthcare.org/community

Other website (list url):

Made a paper copy available for public inspection without charge at the hospital facility

Other (describe in Section C)

Did the hospital facility adopt an implementation strategy to meet the significant community health needs
identified through its most recently conducted CHNA? If "No," skip to line 11. .............

Yes

Indicate the tax year the hospital facility last adopted an implementation strategy: 20 13

Is the hospital facility's most recently adopted implementation strategy posted on a website? ........

Yes

If "Yes" (list url): www.emoryhealthcare.org/community

If "No," is the hospital facility’s most recently adopted implementation strategy attached to this return? ......

10b

Describe in Section C how the hospital facility is addressing the significant needs identified in its most recently conducted CHNA and any such needs that are not being addressed together with the reasons why such needs are not being addressed.

12a

Did the organization incur an excise tax under section 4959 for the hospital facility's failure to conduct a CHNA as required by section 501(r)(3)? ...........................

12a

If "Yes" to line 12a, did the organization file Form 4720 to report the section 4959 excise tax? ......

12b

If "Yes" to line 12b, what is the total amount of section 4959 excise tax the organization reported on Form 4720 for all of its hospital facilities? $

Schedule H (Form 990) 2014

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Part VFacility Information (continued)

	HOSPITAL FACILITIES LINES 1-3
Name of hospital facility or letter of facility reporting group

Yes

Financial Assistance Policy (FAP)

Did the hospital facility have in place during the tax year a written financial assistance policy that:

Explained eligibility criteria for financial assistance, and whether such assistance included free or discounted care?

Yes

If “Yes,” indicate the eligibility criteria explained in the FAP:

Federal poverty guidelines (FPG), with FPG family income limit for eligibility for free care of 200.%
and FPG family income limit for eligibility for discounted care of 400.%

Income level other than FPG (describe in Section C)

Asset level

Medical indigency

Insurance status

Underinsurance discount

Residency

Other (describe in Section C)

Explained the basis for calculating amounts charged to patients?.................

Yes

Explained the method for applying for financial assistance?...................

Yes

If “Yes,” indicate how the hospital facility’s FAP or FAP application form (including accompanying instructions) explained the method for applying for financial assistance (check all that apply):

Described the information the hospital facility may require an individual to provide as part of his or her application.

Described the supporting documentation the hospital facility may require an individual to submit as part of his or
her application.

Provided the contact information of hospital facility staff who can provide an individual with information about the
FAP and FAP application process.

Provided the contact information of nonprofit organizations or government agencies that may be sources of
assistance with FAP applications.

Other (describe in Section C)

Included measures to publicize the policy within the community served by the hospital facility?.......

Yes

If "Yes," indicate how the hospital facility publicized the policy (check all that apply):

The FAP was widely available on a website (list url): WWW.EMORYHEALTHCARE.ORG/PATIENT-

The FAP application form was widely available on a website (list url):

A plain language summary of the FAP was widely available on a website (list url):

The FAP was available upon request and without charge (in public locations in the hospital facility and by mail)

The FAP application form was available upon request and without charge (in public locations in the hospital facility
and by mail)

A plain language summary of the FAP was available upon request and without charge (in public locations in the
hospital facility and by mail)

Notice of availability of the FAP was conspicuously displayed throughout the hospital facility

Notified members of the community who are most likely to require financial assistance about availability of the FAP

Other (describe in Section C)

Billing and Collections

Did the hospital facility have in place during the tax year a separate billing and collections policy, or a written financial assistance policy (FAP) that explained all of the actions the hospital facility or other authorized party may take upon non-payment?..................................

Yes

Check all of the following actions against an individual that were permitted under the hospital facility's policies during the tax year before making reasonable efforts to determine the individual’s eligibility under the facility’s FAP:

Reporting to credit agency(ies)

Selling an individual’s debt to another party

Actions that require a legal or judicial process

Other similar actions (describe in Section C)

None of these actions or other similar actions were permitted

Schedule H (Form 990) 2014

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Part VFacility Information (continued)

	HOSPITAL FACILITIES LINES 1-3
Name of hospital facility or letter of facility reporting group

Yes

Did the hospital facility or other authorized third party perform any of the following actions during the tax year before making reasonable efforts to determine the individual’s eligibility under the facility’s FAP?.........

If "Yes," check all actions in which the hospital facility or a third party engaged:

Reporting to credit agency(ies)

Selling an individual’s debt to another party

Actions that require a legal or judicial process

Other similar actions (describe in Section C)

Indicate which efforts the hospital facility or other authorized party made before initiating any of the actions listed (whether or not checked) in line 18. (check all that apply):

Notified individuals of the financial assistance policy on admission

Notified individuals of the financial assistance policy prior to discharge

Notified individuals of the financial assistance policy in communications with the individuals regarding the individuals’ bills

Documented its determination of whether individuals were eligible for financial assistance under the hospital facility’s financial assistance policy

Other (describe in Section C)

None of these efforts were made

Policy Relating to Emergency Medical Care

Did the hospital facility have in place during the tax year a written policy relating to emergency medical care that required the hospital facility to provide, without discrimination, care for emergency medical conditions to individuals regardless of their eligibility under the hospital facility’s financial assistance policy?................

Yes

If "No," indicate why:

The hospital facility did not provide care for any emergency medical conditions

The hospital facility’s policy was not in writing

The hospital facility limited who was eligible to receive care for emergency medical conditions (describe in Section C)

Other (describe in Section C)

Charges to Individuals Eligible for Assistance Under the FAP (FAP-Eligible Individuals)

Indicate how the hospital facility determined, during the tax year, the maximum amounts that can be charged to FAP-eligible individuals for emergency or other medically necessary care.

The hospital facility used its lowest negotiated commercial insurance rate when calculating the maximum amounts that can be charged

The hospital facility used the average of its three lowest negotiated commercial insurance rates when calculating the maximum amounts that can be charged

The hospital facility used the Medicare rates when calculating the maximum amounts that can be charged

Other (describe in Section C)

During the tax year, did the hospital facility charge any FAP-eligible individual to whom the hospital facility provided emergency or other medically necessary services more than the amounts generally billed to individuals who had insurance covering such care? ................................

If "Yes," explain in Section C.

During the tax year, did the hospital facility charge any FAP-eligible individual an amount equal to the gross charge for any service provided to that individual? ...........................

If "Yes," explain in Section C.

Schedule H (Form 990) 2014

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Part V

Facility Information (continued)

Section C. Supplemental Information for Part V, Section B. Provide descriptions required for Part V, Section B, lines 2, 3j, 5, 6a, 6b, 7d, 11, 13b, 13h, 15e, 16i, 18d, 19d, 20e, 21c, 21d, 22d, 23, and 24. If applicable, provide separate descriptions for each hospital facility in a facility reporting group, designated by facility reporting group letter and hospital facility line number from Part V, Section A (“A, 1,” “A, 4,” “B, 2,” “B, 3,” etc.) and name of hospital facility.
Form and Line Reference	Explanation

Schedule H (Form 990) 2014

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Part VFacility Information (continued)

Section D. Other Health Care Facilities That Are Not Licensed, Registered, or Similarly Recognized as a Hospital Facility (list in order of size, from largest to smallest) How many non-hospital health care facilities did the organization operate during the tax year?3
Name and address		Type of Facility (describe)
1	EMORY AUTISM CENTER 1551 SHOOP CT DECATUR,GA30033	DIAGNOSTSIC EVALUATION
2	FACULTY STAFF ASSISTANCE PROGRAM 1762 CLIFTON RD ATLANTA,GA30322	FACULTY AND STAFF HEALTHCARE
3	STUDENT HEALTH & COUNSELING SERVICES 1525 CLIFTON RD ATLANTA,GA30322	STUDENT HEALTHCARE
4
5
6
7
8
9
10

Schedule H (Form 990) 2014

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Part VI

Supplemental Information

Provide the following information.

1	Required descriptions. Provide the descriptions required for Part I, lines 3c, 6a, and 7; Part II and Part III, lines 2, 3, 4, 8 and 9b.
2	Needs assessment. Describe how the organization assesses the health care needs of the communities it serves, in addition to any CHNAs reported in Part V, Section B.
3	Patient education of eligibility for assistance. Describe how the organization informs and educates patients and persons who may be billed for patient care about their eligibility for assistance under federal, state, or local government programs or under the organization’s financial assistance policy.
4	Community information. Describe the community the organization serves, taking into account the geographic area and demographic constituents it serves.
5	Promotion of community health. Provide any other information important to describing how the organization’s hospital facilities or other health care facilities further its exempt purpose by promoting the health of the community (e.g., open medical staff, community board, use of surplus funds, etc.).
6	Affiliated health care system. If the organization is part of an affiliated health care system, describe the respective roles of the organization and its affiliates in promoting the health of the communities served.
7	State filing of community benefit report. If applicable, identify all states with which the organization, or a related organization, files a community benefit report.

Form and Line Reference	Explanation
PART I, LINE 3C	FPG ELIGIBILITY: NOT APPLICABLE
PART I, LINE 6A	COMMUNITY BENEFIT REPORT: EMORY UNIVERSITY/WOODRUFF HEALTH SCIENCES CENTER COMMUNITY BENEFIT REPORT CAN BE FOUND ON THE WEB AT: HTTP://WHSC.EMORY.EDU/HOME/PUBLICATIONS/HEALTH-SCIENCES/COMMUNITY-BENEFITS -2015/INDEX.HTML
PART I, LINE 7G	SUBSIDIZED HEALTH SERVICES: EMORY UNIVERSITY HAS INCLUDED $72,115,900 ATTRIBUTABLE TO PURCHASED SERVICES FROM THE EMORY CLINIC, INC. AS PART OF THE REPORTED SUBSIDIZED HEALTH SERVICES TOTAL ON PART I, LINE 7G.
PART I, LINE 7, COLUMN F	PERCENT OF TOTAL EXPENSE: IN THE "PERCENT OF TOTAL EXPENSE" CALCULATION CONTAINED IN COLUMN F OF PART I, LINE 7, THE DENOMINATOR (TOTAL FUNCTIONAL EXPENSES REPORTED ON PART IX, LINE 25A) WAS REDUCED BY $112,331,574 THE TOTAL PROVISION FOR BAD DEBTS INCLUDED IN THAT NUMBER.
PART I, LINE 7	FINANCIAL ASSISTANCE AND CERTAIN OTHER COMMUNITY BENEFITS AT COST: EMORY UNIVERSITY INCLUDES ONE OF THE NATION'S LEADING ACADEMIC COMPLEXES FOR TEACHING, RESEARCH, AND PATIENT CARE - THE ROBERT W. WOODRUFF HEALTH SCIENCES CENTER (WHSC). THE WHSC INCLUDES EMORY UNIVERSITY SCHOOL OF MEDICINE, NELL HODGSON WOODRUFF SCHOOL OF NURSING, ROLLINS SCHOOL OF PUBLIC HEALTH, WINSHIP CANCER INSTITUTE, YERKES NATIONAL PRIMATE RESEARCH CENTER, AND EMORY HEALTHCARE, WHICH IS THE WHSC'S SYSTEM OF HEALTH CARE OPERATIONS. EMORY HEALTHCARE INCLUDES PHYSICIAN GROUPS FOR PEDIATRIC AND ADULT PATIENTS AS WELL AS THE FOLLOWING HOSPITALS: (1) TWO GENERAL AND ACUTE CARE HOSPITALS: EMORY UNIVERSITY HOSPITAL (WHICH INCLUDES EMORY UNIVERSITY ORTHOPAEDICS & SPINE HOSPITAL) AND EMORY UNIVERSITY HOSPITAL MIDTOWN; AND (2) THREE JOINT VENTURES: EMORY-ADVENTIST HOSPITAL; EMORY-SAINT JOSEPH'S, INC. (WHICH INCLUDES EMORY JOHNS CREEK HOSPITAL, SAINT JOSEPH'S HOSPITAL OF ATLANTA, INC., AND TRANSLATIONAL TESTING AND TRAINING LABORATORIES, INC. F/K/A SAINT JOSEPH'S TRANSLATIONAL RESEARCH INSTITUTE,INC.); AND EMORY REHABILITATION HOSPITAL. ALTHOUGH PART OF THE EMORY HEALTHCARE SYSTEM, THE VARIOUS HOSPITALS ARE OPERATING DIVISIONS OF DIFFERENT EMORY ENTITIES. EMORY UNIVERSITY HOSPITAL AND EMORY UNIVERSITY HOSPITAL MIDTOWN ARE OPERATING DIVISIONS OF EMORY UNIVERSITY. EMORY ADVENTIST, INC. IS SEPARATELY INCORPORATED. EMORY JOHNS CREEK HOSPITAL AND SAINT JOSEPH'S HOSPITAL OF ATLANTA, INC. ARE PART OF A JOINT VENTURE WITH SAINT JOSEPH'S HEALTH SYSTEM INC. EMORY REHABILITATION HOSPITAL IS PART OF A JOINT VENTURE WITH SELECT MEDICAL CORPORATION. IN ADDITION, EMORY HAS CLOSE WORKING RELATIONSHIPS WITH OTHER HOSPITALS, INCLUDING GRADY MEMORIAL HOSPITAL ("GRADY"), CHILDREN'S HEALTHCARE OF ATLANTA, INC. AND THE ATLANTA VETERANS AFFAIRS MEDICAL CENTER ("ATLANTA VA"). EMORY UNIVERSITY SCHOOL OF MEDICINE IS A MAJOR SUPPLIER OF THE PHYSICIANS (BOTH MEDICAL FACULTY AND PHYSICIAN RESIDENTS IN TRAINING) AT GRADY, PROVIDING 85% OF PHYSICIAN CARE AT THIS FACILITY, WHICH IS ONE OF THE LARGEST PUBLIC HOSPITALS IN THE SOUTHEAST. EMORY UNIVERSITY HOSPITAL, EMORY UNIVERSITY HOSPITAL MIDTOWN, AS WELL AS GRADY, THE ATLANTA VA, AND CHILDREN'S HEALTHCARE OF ATLANTA, INC. SERVE AS TEACHING FACILITIES FOR THE EMORY UNIVERSITY SCHOOL OF MEDICINE (PROVIDING VENUES FOR RESIDENCY TRAINING) AND EMORY'S NELL HODGSON WOODRUFF SCHOOL OF NURSING (PROVIDING DEDICATED EDUCATION UNITS FOR NURSING STUDENTS). EMORY UNIVERSITY HOSPITAL AND EMORY UNIVERSITY HOSPITAL MIDTOWN ALSO ARE ACTIVE SITES WITHIN THE CLINICAL INTERACTION NETWORK OF THE NIH-SPONSORED ATLANTA CLINICAL & TRANSLATIONAL SCIENCE INSTITUTE (ACTSI), WHICH SEEKS TO MAKE CLINICAL TRIALS FOR NEW TREATMENTS MORE EFFICIENT AND MORE AVAILABLE THROUGHOUT THE COMMUNITY. EMORY IS THE LEAD PARTNER IN ACTSI, WHICH ALSO INVOLVES MOREHOUSE SCHOOL OF MEDICINE AND THE GEORGIA INSTITUTE OF TECHNOLOGY. THROUGH THE EMORY MEDICAL CARE FOUNDATION, INC. (EMCF), WHICH IS CONTROLLED BY EMORY UNIVERSITY, EMORY PHYSICIANS PROVIDED $25.4 MILLION IN UNCOMPENSATED PATIENT CARE TO GRADY IN FY 2015. IN ADDITION, EMCF INVESTS ANY REIMBURSEMENTS THAT EMORY FACULTY DO RECEIVE FOR SERVICES RENDERED AT GRADY TO UPGRADE EQUIPMENT AND SUPPORT VITAL SERVICES PROVIDED BY EMORY PHYSICIANS WORKING AT GRADY. EMCF INVESTED $45.4 MILLION FOR THIS PURPOSE IN FY 2015. EMORY ALSO PROVIDES 75% OF PHYSICIAN CARE AT CHILDREN'S AT HUGHES SPALDING, A PEDIATRIC HOSPITAL ON GRADY'S CAMPUS OPERATED BY CHILDREN'S HEALTHCARE OF ATLANTA, INC. THE TOTAL CHARITY CARE AND COMMUNITY BENEFIT ATTRIBUTED TO THE ORGANIZATION IS LOCATED ON PART I, LINE 7 OF SCHEDULE H. FOR A MORE COMPREHENSIVE OVERVIEW OF THE TOTAL CHARITY CARE AND COMMUNITY BENEFIT PROVIDED BY EMORY HEALTHCARE, PLEASE VIEW THE EMORY UNIVERSITY/WOODRUFF HEALTH SCIENCES CENTER COMMUNITY BENEFIT REPORT AT: HTTP://WHSC.EMORY.EDU/HOME/PUBLICATIONS/HEALTH-SCIENCES/COMMUNITY-BENEFITS -2015/INDEX.HTML FOR MORE SPECIFICS AND A BREAKDOWN OF CHARITY CARE BY INDIVIDUAL FACILITY SEE: HTTP://WHSC.EMORY.EDU/HOME/PUBLICATIONS/HEALTH-SCIENCES/COMMUNITY-BENEFITS -2015/CHARITY/INDEX.HTML FOR A CHART AGGREGATING A VARIETY OF COMMUNITY BENEFITS IN DOLLAR FIGURES SEE: HTTP://WHSC.EMORY.EDU/HOME/PUBLICATIONS/HEALTH-SCIENCES/COMMUNITY-BENEFITS -2015/ECONOMIC-IMPACT.HTML IN COMPARISON WITH OTHER HOSPITALS IN METRO ATLANTA AND THE SURROUNDING COMMUNITY, EMORY HEALTHCARE HOSPITALS ARE REFERRED A DISPROPORTIONATE NUMBER OF PATIENTS WITH EXTREMELY COMPLEX AND CHALLENGING CONDITIONS. OTHER AREA HOSPITALS ROUTINELY REFER PATIENTS TO EMORY FOR WHOM THEY HAVE NO OTHER TREATMENT RECOURSE. THESE SICKEST-OF-THE-SICK PATIENTS ARE NOT ONLY THE MOST CLINICALLY CHALLENGING BUT ALSO THE MOST COSTLY PATIENTS TO TREAT. AT EMORY, SUCH PATIENTS FIND CLINICIANS DETERMINED TO PROVIDE THE BEST, MOST COMPASSIONATE CARE POSSIBLE REGARDLESS OF THESE PATIENTS' ABILITY TO PAY. EMORY UNIVERSITY HOSPITAL, IN PARTICULAR, IS NOTED AS A DESTINATION FOR PATIENTS IN THIS HIGH-ACUITY CATEGORY. THIS HOSPITAL CONTINUES TO BE IN THE TOP TWENTY OF THE HIGHEST CASE-MIX INDEX OF HOSPITALS IN THE UNIVERSITY HEALTH SYSTEM CONSORTIUM DATABASE, WHICH MEANS THAT ITS PATIENTS ARE AMONG THE SICKEST TREATED ANYWHERE IN THE COUNTRY AND INCLUDE PATIENTS ROUTINELY REFERRED FROM HOSPITALS THROUGHOUT ATLANTA AND THE REGION. EMORY UNIVERSITY HOSPITAL ALSO PROVIDES SERVICES AND PROCEDURES AVAILABLE NOWHERE ELSE IN THE STATE, INCLUDING HIGH COMPLEX TRANSPLANT PROCEDURES, AMONG OTHERS. EMORY UNIVERSITY HOSPITAL HELPS PIONEER, TEST, AND DEVELOP NEW PROCEDURES THAT EVENTUALLY MAKE THEIR WAY INTO THE BROADER COMMUNITY OF HEALTH CARE PROVIDERS. IN ADDITION, IN PARTNERSHIP WITH THE CENTERS FOR DISEASE CONTROL AND PREVENTION, EMORY UNIVERSITY HOSPITAL HAS A SPECIAL ISOLATION UNIT FOR THE CARE OF PATIENTS WITH SERIOUS COMMUNICABLE DISEASES - SUCH AS CDC EMPLOYEES WHO HAVE CONFIRMED, PROBABLE, OR SUSPECTED INFECTION WITH OR EXPOSURE TO PATHOGENS SUCH AS EBOLA, SMALLPOX, PNEUMONIC PLAGUE, OR SARS THAT ARE ASSOCIATED WITH HIGH INFECTIVITY RATES. EMORY UNIVERSITY HOSPITAL MIDTOWN (EUHM), WHICH INCLUDES A LEVEL III NEONATAL INTENSIVE CARE UNIT AMONG ITS OTHER ICUS, ALSO HAS A CASE-MIX INDEX THAT IS CONSIDERABLY HIGHER THAN THAT OF MOST COMMUNITY HOSPITALS. IN PARTNERSHIP WITH THE ATLANTA POLICE DEPARTMENT, EMORY UNIVERSITY HOSPITAL MIDTOWN HAS A MINI ATLANTA POLICE STATION PRECINCT ON ITS SITE, WHICH HOUSES NUMEROUS SWORN POLICE EMPLOYEES WITH RESPONSIBILITY FOR PATROLLING MIDTOWN AND DOWNTOWN ATLANTA. EUHM SPONSORS PERIODIC WORKDAYS DURING WHICH EMPLOYEES DO CLEAN-UP ACTIVITIES IN THE NEIGHBORHOOD AROUND EUHM. EUHM ALSO COLLABORATES WITH STATE AGENCIES IN GEORGIA AND THE ROSWELL EMPLOYMENT AGENCY BRIGGS & ASSOCIATES ON PROJECT SEARCH TO TARGET HIGH SCHOOL SENIORS WITH DEVELOPMENTAL DISABILITIES FOR ONE-ON-ONE JOB TRAINING AND COACHING. THESE YOUNG PEOPLE BECOME REGULAR EMPLOYEES, EARNING REGULAR WAGES. EUHM RECEIVED THE "FREEDOM TO COMPETE" AWARD IN 2007 FROM THE EQUAL OPPORTUNITY COMMISSION FOR ITS ROLE AS THE STARTING LOCATION FOR THIS PROGRAM. TOTAL NET COMMUNITY BENEFIT EXPENSE: The tax year 2012 Form 990 Schedule H instructions required the inclusion of research expenses without the direct offsetting grants revenue (including restricted grants) for those research activities (Line 7h). Beginning in tax year 2013, the Form 990 Schedule H instructions were changed to require the inclusion of offsetting grants revenue in the calculation of net community benefit expense related to research activities on Part I, Line 7h. Emory reported a total community benefit expense percentage of 28.38% on its Schedule H for tax year 2013. Emory University did not include its offsetting revenue in its 2013 Form 990 Schedule H calculation. If the offsetting grant revenue had been included, the total community benefit expense percentage for Emory University for 2013 (Line 7k column (f)) would have been 17.18%. Emory has included offsetting grants revenue in the calculation of total community benefit expense for its 2014 Form 990 Schedule H.
PART III, SECTION A, LINE 4	FOOTNOTE TO FINANCIAL STATEMENTS: EMORY UNIVERSITY'S AUDITED FINANCIAL STATEMENT FOOTNOTE #5 NET PATIENT SERVICE REVENUE INCLUDES DISCUSSION ON PROVISIONS FOR UNCOLLECTIBLE ACCOUNTS FOR EMORY HEALTHCARE. EMORY UNIVERSITY'S AUDITED FINANCIAL STATEMENT FOOTNOTE #1 ORGANIZATION DESCRIBES WHAT ALL IS INCLUDED IN EMORY HEALTHCARE FOR FINANCIAL REPORTING PURPOSES.
PART III, SECTION B, LINE 8	TREATMENT OF SHORTFALL: SHORTFALL IS NOT REPORTED IN LINE 7 COMMUNITY BENEFIT. TO DETERMINE MEDICARE ALLOWABLE COSTS REPORTED IN THE MEDICARE COST REPORT, THE COST-TO-CHARGE RATIO IS APPLIED TO GROSS PATIENT REVENUE ASSOCIATED WITH SERVICES PERFORMED FOR PATIENTS WHO ARE ELIGIBLE FOR MEDICARE.
PART III, SECTION B, LINE 9B	DEBT COLLECTION POLICY: CREDIT/COLLECTION POLICY REQUIRES ALL ACCOUNTS TO BE REVIEWED FOR POSSIBLE CHARITY WRITE-OFF. COLLECTION PRACTICES ARE NOT UNDERTAKEN WITH RESPECT TO CHARGES RELATED TO SERVICES COVERED BY THE ORGANIZATION'S CHARITY CARE POLICY.
PART V	FACILITY INFORMATION: EMORY UNIVERSITY HOSPITAL (WHICH INCLUDES EMORY ORTHOPAEDIC & SPINE HOSPITAL) AND EMORY UNIVERSITY HOSPITAL MIDTOWN ARE DIRECTLY CONTROLLED OPERATING DIVISIONS OF EMORY UNIVERSITY.
PART VI, LINE 2	NEEDS ASSESSMENT: EMORY HEALTHCARE CURRENTLY CONDUCTS AN EXTENSIVE ANNUAL ENVIRONMENTAL ASSESSMENT, WHICH ENCOMPASSES EACH ENTITY WITHIN THE ORGANIZATION. THIS ASSESSMENT IS UTILIZED TO PLAN THE STRATEGIC DIRECTION FOR THE FOLLOWING FISCAL YEAR. THE ENVIRONMENTAL ASSESSMENT INCLUDES A DETAILED REVIEW OF PATIENT ORIGIN AND PATIENT CHARACTERISTICS, INCLUDING AGE, ETHNICITY, AND PAYER. THE POPULATION DEMOGRAPHICS FOR THE PRIMARY AND SECONDARY SERVICE AREAS ARE ANALYZED. THE ASSESSMENT ALSO INCLUDES A REVIEW OF SERVICES CURRENTLY UTILIZED BY PATIENTS ALONG WITH A FORECAST OF FUTURE SERVICE LINE NEEDS. IN ADDITION TO THIS ASSESSMENT, A DETAILED MEDICAL STAFF DEVELOPMENT ASSESSMENT IS CONDUCTED ANNUALLY TO DETERMINE SPECIALTY NEEDS.
PART VI, LINE 3	PART V, SECTION B, LINES 15E, 16A AND 16I PATIENT EDUCATION OF ELIGIBILITY FOR ASSISTANCE: CHARITY CARE POLICY, FINANCIAL ASSISTANCE POLICY AND FINANCIAL ASSISTANCE APPLICATIONS ARE DISCUSSED WITH PATIENTS DURING THE FINANCIAL SCREENING PROCESS. ALL PATIENTS ARE SCREENED, AND DO NOT HAVE TO COMPLETE AN APPLICATION FOR FINANCIAL ASSISTANCE. ELIGIBLE PATIENTS ARE NOTIFIED OF THEIR STATUS OF FINANCIAL ASSISTANCE AS EACH APPLICATION IS PROCESSED. WE ALSO UTILIZE A MEDICAID ELIGIBILITY VENDOR TO ASSIST PATIENTS IN APPLYING FOR MEDICAID OR OTHER GOVERNMENT PROGRAMS. FINANCIAL ASSISTANCE POLICY IS LOCATED AT: HTTP://WWW.EMORYHEALTHCARE.ORG/PATIENT-GUIDE/BILLING/CHARITY-CARE-POLICY.H TML
PART VI, LINE 4	COMMUNITY INFORMATION: AS A TERTIARY CARE FACILITY, EMORY UNIVERSITY HOSPITAL (EUH) DRAWS PATIENTS FROM THROUGHOUT THE STATE OF GEORGIA AND THE SOUTHEAST. FOR THE PURPOSE OF EUH'S COMMUNITY HEALTH NEEDS ASSESSMENT, EUH'S COMMUNITY IS DEFINED AS THE AREA FROM WHICH OVER 55% OF EUH'S INPATIENT ADMISSIONS ORIGINATE. EUH'S COMMUNITY OR PRIMARY SERVICE AREA INCLUDES DEKALB, FULTON, GWINNETT, COBB, HENRY AND CLAYTON COUNTIES IN GEORGIA. AS A TERTIARY CARE FACILITY, EMORY UNIVERSITY HOSPITAL MIDTOWN (EUHM) DRAWS PATIENTS FROM THROUGHOUT THE STATE OF GEORGIA AND THE SOUTHEAST. FOR THE PURPOSE OF EUHM'S COMMUNITY HEALTH NEEDS ASSESSMENT, EUHM'S COMMUNITY IS DEFINED AS THE AREA FROM WHICH OVER 75% OF EUHM'S INPATIENT ADMISSIONS ORIGINATE. EUHM'S COMMUNITY OR PRIMARY SERVICE AREA INCLUDES DEKALB, FULTON, GWINNETT, COBB, HENRY AND CLAYTON COUNTIES IN GEORGIA.
PART VI, LINE 5	PROMOTION OF COMMUNITY HEALTH: FOR MORE INFORMATION PLEASE SEE "COMMUNITY" AS FOUND AT HTTP://WWW.EMORYHEALTHCARE.ORG/COMMUNITY/INDEX.HTML
PART VI, LINE 6	AFFILIATED HEALTH CARE SYSTEM: EMORY HEALTHCARE IS THE CLINICAL ENTERPRISE OF THE ROBERT W. WOODRUFF HEALTH SCIENCES CENTER OF EMORY UNIVERSITY, WHICH FOCUSES ON PATIENT CARE, EDUCATION OF HEALTH PROFESSIONALS, RESEARCH ADDRESSING HEALTH AND ILLNESS, AND HEALTH POLICIES FOR PREVENTION AND TREATMENT OF DISEASE. A KEY COMPONENT OF THE WOODRUFF HEALTH SCIENCES CENTER IS THE EMORY UNIVERSITY SCHOOL OF MEDICINE, WHICH HAS BEEN AT THE FOREFRONT OF MEDICAL KNOWLEDGE AND RESEARCH, PIONEERING MANY ADVANCES AND PROCEDURES THAT HAVE CHANGED THE FACE OF MEDICAL HISTORY.
PART V, SECTION B, LINE 3J AND LINE 5	COMMUNITY HEALTH NEEDS ASSESSMENT - INPUT FROM COMMUNITY: To understand the needs of the community we serve, a Community Health Needs Assessment was conducted using quantitative data (e.g., demographics data, mortality rates, morbidity data, disease prevalence rates, health care resource data, etc.) and input from stakeholders representing the broad interest of our community (e.g., individuals with special knowledge of public health, the needs of the underserved, low-income, and minority populations, the needs of populations with chronic diseases, etc.). COMMUNITY STAKEHOLDER INTERVIEWS A KEY COMPONENT IN THE COMMUNITY HEALTH NEEDS ASSESSMENT IS GATHERING INPUT FROM THE COMMUNITY STAKEHOLDERS. THESE STAKEHOLDERS INCLUDED A MIX OF INTERNAL AND EXTERNAL REPRESENTATIVES OF PASTORS, PUBLIC HEALTH OFFICIALS, HEALTH CARE PROVIDERS, SOCIAL SERVICE AGENCY REPRESENTATIVES, GOVERNMENT LEADERS, AND BOARD MEMBERS. DUE TO THEIR PROFESSION, TENURE, AND/OR COMMUNITY INVOLVEMENT, COMMUNITY STAKEHOLDERS OFFER DIVERSE PERSPECTIVES AND INFORMATION TO THE COMMUNITY HEALTH NEEDS ASSESSMENT. THEY ARE INDIVIDUALS AT THE FRONT LINE AND BEYOND THAT CAN BEST IDENTIFY UNMET SOCIAL AND HEALTH NEEDS OF THE COMMUNITY. INTERVIEWS WITH SEVENTEEN REPRESENTATIVES FROM ORGANIZATIONS AND ONE FOCUS GROUP WERE CONDUCTED BY THE WOODRUFF HEALTH SCIENCES CENTER STRATEGIC PLANNING OFFICE. FOR MORE INFORMATION SEE APPENDIX B OF EACH COMMUNITY HEALTH NEEDS ASSESSMENT AT: HTTP://WWW.EMORYHEALTHCARE.ORG/COMMUNITY/INDEX.HTML
PART V, SECTION B, LINE 6	COMMUNITY HEALTH NEEDS ASSESSMENT - HOSPITALS INCLUDED: THE COMMUNITY HEALTH NEEDS ASSESSMENT FOR HOSPITALS INCLUDED IN THE EMORY RETURN WERE CONDUCTED BY THE WOODRUFF HEALTH SCIENCES CENTER STRATEGIC PLANNING OFFICE. THE HOSPITALS' COMMUNITY HEALTH NEEDS ASSESSMENTS FOR ADDITIONAL OPERATING UNITS AND AFFILIATES OF EMORY HEALTHCARE INCLUDING: EMORY JOHNS CREEK HOSPITAL EMORY SAINT JOSEPH'S HOSPITAL EMORY ADVENTIST HOSPITAL EMORY REHABILITATION HOSPITAL
PART V, SECTION B, LINE 7D	COMMUNITY HEALTH NEEDS ASSESSMENT - AVAILABLE TO PUBLIC: The Community Health Needs Assessment was made widely available to the community and shared with organizations including Georgia Department of Community Health, Georgia Department of Public Health, Rollins School of Public Health, American Cancer Society, United Way of Greater Atlanta, Saint Joseph's Mercy Care Services, Visiting Nurse Health Systems, VistaCare Hospice, Gwinnett Sexual Assault Center & Children's Advocacy Center, Good Shepherd Clinic, The Drake House, DeKalb Community Service Board, City of John's Creek Police Department, Clayton County Board of Health, Area Agency on Aging with Atlanta Regional Commission, and additional groups.
PART V, LINE 11	In 2013, Emory Healthcare conducted community health needs assessments (CHNAs) to assess the needs of the communities served by our hospitals. Using the reports, each hospital identified priority health needs for its community and developed strategies to address actionable ways in which we plan to aid those within our community. Through these strategies, it was and continues to be our goal to improve the health and well-being of our community members, while continually delivering optimal care to our patients. Since 2013, Emory Healthcare has sought to address all the needs identified in the 2013 CHNAs through a variety of actions. Specific details on the actions taken by Emory Healthcare since 2013 to address the needs of the communities we serve are included in the 2016 CHNAs that will be available on the Emory Healthcare website. The 2016 CHNAs include an assessment of progress made on the 2013 implementation strategy plans developed by each hospital.

Schedule H (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

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

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization
EMORY UNIVERSITY

Employer identification number
58-0566256

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section if applicable	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of non-cash assistance	(h) Purpose of grant or assistance
(1) AHS HOSPITAL CORP DBA ATLANTIC HEALTH PO BOX 48328 NEWARK,NJ07101	52-1958352	501(c)(3)	7,300				RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT DONATION RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT SPONSORSHIP RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBCONTRACT RESEARCH/SUBC
(2) ALBANY AREA PRIMARY HEALTH CARE INC 204 N WESTOVER BLVD ALBANY,GA31707	58-1344015	501(c)(3)	100,000				RESEARCH/SUBCONTRACT
(3) ALBANY MEDICAL COLLEGE 43 NEW SCOTLAND AVE ALBANY,NY12208	14-1641730	501(c)(3)	54,531				RESEARCH/SUBCONTRACT
(4) ALBERT EINSTEIN COLLEGE OF MEDICINE 1300 MORRIS PARK AVE BRONX,NY10461	13-1624225	501(c)(3)	365,755				RESEARCH/SUBCONTRACT
(5) ANN & ROBERT H LURIE CHILDREN'S HOSPITAL 225 E CHICAGO AVE CHICAGO,IL60611	36-2170833	501(c)(3)	108,643				RESEARCH/SUBCONTRACT
(6) ANNE ARMITAGE ROGERS 1495 COLGATE COURT MARIETTA,GA30068	50-5086952	N/A	7,680				RESEARCH/SUBCONTRACT
(7) APCO WORLDWIDE INC 700 TWELFTH ST NW WASHINGTON,DC20005	13-3627625	N/A	22,500				RESEARCH/SUBCONTRACT
(8) ARIZONA STATE UNIVERSITY P O BOX 870502 TEMPE,AZ85287	86-0196696	GOVT	256,941				RESEARCH/SUBCONTRACT
(9) ATLANTA RESEARCH & EDU FOUNDATION INC 1902 CLAIRMONT RD DECATUR,GA30033	58-1857346	501(c)(3)	7,902				RESEARCH/SUBCONTRACT
(10) BANYAN BIOMARKERS 16744 WEST BERNARDO DR SAN DIEGO,CA92127	20-1449566	N/A	26,477				RESEARCH/SUBCONTRACT
(11) BAYLOR COLLEGE OF MEDICINE ONE BAYLOR PLAZA HOUSTON,TX77030	74-1613878	501(c)(3)	506,808				RESEARCH/SUBCONTRACT
(12) BETH ISRAEL DEACONESS MEDICAL CENTER 330 BROOKLINE AVE BOSTON,MA02215	04-2103881	501(c)(3)	122,278				RESEARCH/SUBCONTRACT
(13) BLOOD CENTER OF WISCONSIN INC BOX 78961 MILWAUKEE,WI532780961	39-0807235	501(c)(3)	209,193				RESEARCH/SUBCONTRACT
(14) BOSTON CHILDREN'S HOSPITAL 300 LONGWOOD AVE BOSTON,MA02241	04-2774441	501(c)(3)	16,571				RESEARCH/SUBCONTRACT
(15) BOSTON MEDICAL CENTER 88 EAST NEWTON STREET BOSTON,MA02118	04-3314093	501(c)(3)	23,242				RESEARCH/SUBCONTRACT
(16) BRIGHAM AND WOMEN'S HOSPITAL 800 BOYLSTON STREET BOSTON,MA02199	04-2312909	501(c)(3)	597,715				RESEARCH/SUBCONTRACT
(17) BROOKINGS INSTITUTION 1775 MASS AVENUE NW WASHINGTON,DC20036	53-0196577	501(c)(3)	37,044				RESEARCH/SUBCONTRACT
(18) CALIFORNIA INSTITUTE OF TECHNOLOGY 1200 E CALIFORNIA BLVD PASADENA,CA91125	95-1643307	501(c)(3)	129,342				RESEARCH/SUBCONTRACT
(19) CAMBRIDGE RESEARCH & INSTRUMENTATION INC 68 ELM ST HOPKINTON,MA01748	04-2868535	N/A	29,770				RESEARCH/SUBCONTRACT
(20) CANCER COALITION OF SOUTH GEORGIA INC 2332 LAKE PARK DRIVE ALBANY,GA31707	82-0567901	501(c)(3)	31,731				RESEARCH/SUBCONTRACT
(21) CASE WESTERN RESERVE UNIVERSITY 10900 EUCLID AVE CLEVELAND,OH44106	34-1018992	501(c)(3)	311,894				RESEARCH/SUBCONTRACT
(22) CDC FOUNDATION 55 PARK PLACE ATLANTA,GA30303	58-2106707	501(c)(3)	127,289				RESEARCH/SUBCONTRACT
(23) CEDARS-SINAI MEDICAL CENTER 6500 WILSHIRE BLVD PHILADELPHIA,PA19178	95-1644600	501(c)(3)	399,154				RESEARCH/SUBCONTRACT
(24) CENTERS FOR DISEASE CONTROL & PREVENTION UNIV OFFICE PARK ATLANTA,GA30341	58-6051157	GOVT	855,606				RESEARCH/SUBCONTRACT
(25) CHILDREN'S CENTER FOR DIGESTIVE HEALTHCARE LLC 993 JOHNSON FERRY ROAD NE ATLANTA,GA30342	58-2459554	N/A	12,915				RESEARCH/SUBCONTRACT
(26) CHILDREN'S HEALTHCARE OF ATLANTA 1584 TULLIE CIR NE ATLANTA,GA30341	58-2367819	501(c)(3)	4,291,336				RESEARCH/SUBCONTRACT
(27) CHILDREN'S HOSPITAL OF PHILADELPHIA 34TH STREET PHILADELPHIA,PA19104	23-1352166	501(c)(3)	516,151				RESEARCH/SUBCONTRACT
(28) CHILDREN'S NATIONAL MEDICAL CENTER 111 MICHIGAN AVE WASHINGTON,DC20010	52-1640403	501(c)(3)	159,975				RESEARCH/SUBCONTRACT
(29) CHILDREN'S SPECIALTY GROUP PLLC 855 W BRAMBLETON AVE NORFOLK,VA23510	54-1871633	N/A	6,124				RESEARCH/SUBCONTRACT
(30) CINCINNATI CHILDREN'S HOSPITAL MED CTR 333 BURNETT AVE CINCINNATI,OH45229	31-0833936	501(c)(3)	425,120				RESEARCH/SUBCONTRACT
(31) CLARK ATLANTA UNIVERSITY 223 JAMES P BRAWLEY DR ATLANTA,GA30314	58-1825259	501(c)(3)	81,862				RESEARCH/SUBCONTRACT
(32) CLEVELAND CLINIC FOUNDATION P O BOX 931562 CLEVELAND,OH441935012	34-0714585	501(c)(3)	16,403				RESEARCH/SUBCONTRACT
(33) COLD SPRING HARBOR LABORATORY PRESS 1 BUNGTOWN RD COLD SPRING HARBOR,NY11724	11-2013303	501(c)(3)	70,056				RESEARCH/SUBCONTRACT
(34) COLUMBIA UNIVERSITY PO BOX 29789 NEW YORK,NY100879789	13-5598093	501(c)(3)	79,840				RESEARCH/SUBCONTRACT
(35) CONNECTICUT CHILDREN'S MEDICAL 282 WASHINGTON ST HARTFORD,CT06106	06-0646755	501(c)(3)	20,600				RESEARCH/SUBCONTRACT
(36) CORNELL UNIVERSITY MEDICAL COLLEGE NEW YORK,NY10022	15-0532082	501(c)(3)	51,444				RESEARCH/SUBCONTRACT
(37) CRISALIS LLC 800 RESEARCH PKWY OKLAHOMA CITY,OK73104	27-2824406	N/A	69,110				RESEARCH/SUBCONTRACT
(38) CROHN'S & COLITIS FOUNDATION OF AMERICA INC 733 3RD AVENUE NEW YORK,NY10017	13-6193105	501(c)(3)	7,500				DONATION
(39) DANA FARBER CANCER INSTITUTE 44 BINNEY ST BOSTON,MA02115	04-2263040	501(c)(3)	1,004,365				RESEARCH/SUBCONTRACT
(40) DARTMOUTH COLLEGE 11 ROPE FERRY ROAD HANOVER,NH037551404	02-0222111	501(c)(3)	119,294				RESEARCH/SUBCONTRACT
(41) DAVIDSON COLLEGE PO BOX 7149 DAVIDSON,NC28035	56-0529961	501(c)(3)	8,589				RESEARCH/SUBCONTRACT
(42) DECATUR BOOK FESTIVAL P O BOX 337 DECATUR,GA30331	20-8669575	501(c)(3)	30,500				SPONSORSHIP
(43) DIMAGI INC 585 MASS AVE CAMBRIDGE,MA02139	83-0343298	N/A	6,138				RESEARCH/SUBCONTRACT
(44) DREXEL UNIVERSITY 3201 ARCH ST PHILADELPHIA,PA191042875	23-1352630	501(c)(3)	15,106				RESEARCH/SUBCONTRACT
(45) DUKE UNIVERSITY PO BOX 602651 DURHAM,NC27710	56-0532129	501(c)(3)	950,932				RESEARCH/SUBCONTRACT
(46) DYSTONIA MEDICAL RESEARCH FOUNDATION ONE EAST WACKER DR CHICAGO,IL60601	95-3378526	501(c)(3)	116,615				RESEARCH/SUBCONTRACT
(47) EAST GEORGIA REGIONAL MEDICAL CENTER 1499 FAIR RD STATESBORO,GA30458	58-2190713	N/A	69,666				RESEARCH/SUBCONTRACT
(48) EAST TENNESSEE STATE UNIVERSITY 1276 GILBREATH DR JOHNSON CITY,TN37614	62-6021046	501(c)(3)	33,646				RESEARCH/SUBCONTRACT
(49) FARMWORKER ASSOCIATION OF FLORIDA INC 1264 APOPKA BLVD APOPKA,FL32703	59-2683978	501(c)(3)	91,580				RESEARCH/SUBCONTRACT
(50) FENWAY COMMUNITY HEALTH CENTER INC 1340 BOYLSTON STREET BOSTON,MA02215	04-2510564	501(c)(3)	162,776				RESEARCH/SUBCONTRACT
(51) FLORIDA INTERNATIONAL UNIVERSITY 11200 SW 8TH ST MIAMI,FL33199	65-0177616	501(c)(3)	9,390				RESEARCH/SUBCONTRACT
(52) FLORIDA STATE UNIVERSITY 425 W JEFFERSON ST TALLAHASSEE,FL32306	59-1961248	GOVT	253,223				RESEARCH/SUBCONTRACT
(53) FORGE HEALTH INC 923 PEACHTREE ST NE ATLANTA,GA30309	47-2273055	501(c)(3)	12,750				DONATION
(54) FRED HUTCHINSON CANCER RESEARCH CTR 1100 FAIRVIEW AVE SEATTLE,WA98109	23-7156071	501(c)(3)	80,059				RESEARCH/SUBCONTRACT
(55) GEISINGER MEDICAL CENTER 100 NORTH ACADEMY AVE DANVILLE,PA17822	24-0795959	501(c)(3)	35,261				RESEARCH/SUBCONTRACT
(56) GENERAL COUNCIL ON FINANCE AND ADMINISTRATION PO BOX 340029 NASHVILLE,TN37203	31-1813333	Church	6,500				DONATION
(57) GENESEGUES INC 3180 HIGH POINT CHASKA,MN55318	41-1955104	N/A	50,462				RESEARCH/SUBCONTRACT
(58) GEORGE WASHINGTON UNIVERSITY 45155 RESEARCH PLACE ASHBURN,VA20147	53-0196584	501(c)(3)	27,741				RESEARCH/SUBCONTRACT
(59) GEORGIA ASSOCIATION OF PHYSICIANS OF INDIAN HERITA 5675 JIMMY CARTER BLVD NORCROSS,GA30071	58-1968688	501(c)(6)	7,500				DONATION
(60) GEORGIA BIOMEDICAL PARTNERSHIP 1199 EUCLID AVE NE ATLANTA,GA30307	58-1849665	501(c)(3)	25,000				DONATION
(61) GEORGIA CHAMBER OF COMMERCE 270 PEACHTREE ST ATLANTA,GA30303	58-1537370	501(c)(6)	10,000				DONATION
(62) GEORGIA DEPARTMENT OF PUBLIC HEALTH 2 PEACHTREE ST NW ATLANTA,GA30303	90-0676388	GOVT	49,965				RESEARCH/SUBCONTRACT
(63) GEORGIA INSTITUTE OF TECHNOLOGY 500 TECH PARKWAY ATLANTA,GA30332	58-6002023	GOVT	302,914				RESEARCH/SUBCONTRACT
(64) GEORGIA MENTAL HEALTH CONSUMERS NETWORK 246 SYCAMORE ST DECATUR,GA30030	58-1981093	501(c)(3)	44,334				RESEARCH/SUBCONTRACT
(65) GEORGIA PERIMETER COLLEGE 3251 PANTHERSVILLE RD DECATUR,GA30034	58-1660133	GOVT	47,029				RESEARCH/SUBCONTRACT
(66) GEORGIA REGENTS RESEARCH INSTITUTE INC 1120 15TH STREET AUGUSTA,GA30912	58-1418202	501(c)(3)	36,820				RESEARCH/SUBCONTRACT
(67) GEORGIA SOUTHERN UNIVERSITY FOUNDATION PO BOX 8082-18 STATESBORO,GA30460	58-6034031	501(c)(3)	25,847				RESEARCH/SUBCONTRACT
(68) GEORGIA STATE UNIV RESEARCH FDN P O BOX 3999 ATLANTA,GA30302	58-1845423	501(c)(3)	584,028				RESEARCH/SUBCONTRACT
(69) GEORGIA STATE UNIVERSITY ONE PARK PLACE ATLANTA,GA30303	58-6002050	GOVT	137,377				RESEARCH/SUBCONTRACT
(70) GEORGIA TECH RESEARCH CORPORATION P O BOX 100117 ATLANTA,GA30384	58-0603146	501(c)(3)	6,285,670				RESEARCH/SUBCONTRACT
(71) GEORGIA TRANSPLANT FOUNDATION 500 SUGAR MILL RD ATLANTA,GA30350	58-2075193	501(c)(3)	6,667				SPONSORSHIP
(72) GRADY HEALTH FOUNDATION 191 PEACHTREE ST NE ATLANTA,GA30303	58-2130437	501(c)(3)	7,500				DONATION
(73) GRADY HEALTH SYSTEM 50 HURT PLAZA ATLANTA,GA30303	26-2037695	501(c)(3)	130,396				RESEARCH/SUBCONTRACT
(74) PRESIDENT & FELLOWS OF HARVARD COLLEGE 122 BOYLSTON ST JAMACIA PLAINS,MA02130	04-2103580	501(c)(3)	104,842				RESEARCH/SUBCONTRACT
(75) HEALTH RESEARCH INC 150 BROADWAY MENANDS,NY12204	14-1402155	501(c)(3)	240,905				RESEARCH/SUBCONTRACT
(76) HEALTH STUDENTS TAKING ACTION TOGETHER (HEALTH STA 50 HURT PLAZA ATLANTA,GA30303	51-0423601	501(c)(3)	6,500				RESEARCH/SUBCONTRACT
(77) HEALTHMPOWERS INC 3200 POINTE PKWY NORCROSS,GA30092	58-2524601	501(c)(3)	125,831				DONATION
(78) HENRY FORD HEALTH SYSTEM ONE FORD PLACE DETROIT,MI48202	38-1357020	501(c)(3)	18,755				RESEARCH/SUBCONTRACT
(79) HOME ACCESS HEALTH CORP 2401 W HASSELL RD HOFFMAN EST,IL60169	36-3869305	N/A	17,316				RESEARCH/SUBCONTRACT
(80) HOWARD UNIVERSITY 2244 10TH STREET WASHINGTON,DC20059	53-0204707	501(c)(3)	43,679				RESEARCH/SUBCONTRACT
(81) ICF INCORPORATED LLC PO BOX 536259 PITTSBURGH,PA152535904	52-0893615	N/A	1,004,941				RESEARCH/SUBCONTRACT
(82) INDIANA UNIVERSITY PO Box 66057 INDIANAPOLIS,IN462666057	35-6001673	GOVT	82,215				RESEARCH/SUBCONTRACT
(83) JAMES MADISON UNIVERSITY 800 S MAIN STREET HARRISONBURG,VA22807	54-6001756	501(c)(3)	92,669				RESEARCH/SUBCONTRACT
(84) JOHNS HOPKINS UNIVERSITY 733 N BROADWAY BALTIMORE,MD21205	52-0595110	501(c)(3)	843,996				RESEARCH/SUBCONTRACT
(85) KAISER FOUNDATION HOSPITALS ONE KAISER PLAZA OAKLAND,CA94612	94-1105628	501(c)(3)	410,238				RESEARCH/SUBCONTRACT
(86) KENNEDY KRIEGER INSTITUTE 707 NORTH BROADWAY BALTIMORE,MD21205	52-0607971	501(c)(3)	9,100				RESEARCH/SUBCONTRACT
(87) KONBIT SANTE CAP-HAITIEN HEALTH PARTNERSHIP 362 US ROUTE 1 FALMOUTH,ME04105	01-0540292	501(c)(3)	9,165				RESEARCH/SUBCONTRACT
(88) LA JOLLA INSTITUTE OF ALLERGY&IMMUNOLOGY 9420 ATHENA CIR LA JOLLA,CA92037	33-0328688	501(c)(3)	549,795				RESEARCH/SUBCONTRACT
(89) LOUISIANA STATE UNIV HEALTH SCIENCES CTR 433 BOLIVAR ST NEW ORLEANS,LA701122223	72-6087770	501(c)(3)	92,855				RESEARCH/SUBCONTRACT
(90) LOUISIANA STATE UNIVERSITY 433 BOLIVAR ST NEW ORLEANS,LA70112	72-6000848	GOVT	94,286				RESEARCH/SUBCONTRACT
(91) LOVELACE RESPIRATORY RESEARCH INSTITUTE 2425 RIDGECREST DR ALBURQUERQUE,NM87108	85-0110669	501(c)(3)	47,762				RESEARCH/SUBCONTRACT
(92) MARCH OF DIMES 1776 PEACHTREE ST ATLANTA,GA30309	13-1846366	501(c)(3)	10,000				RESEARCH/SUBCONTRACT
(93) MASSACHUSETTS GENERAL HOSPITAL 55 FRUIT STREET BOSTON,MA02114	04-1564655	501(c)(3)	100,000				DONATION
(94) MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASS AVE CAMBRIDGE,MA02139	04-2103594	501(c)(3)	137,737				DONATION
(95) MASSACHUSETTS UNIVERSITY OF 333 SOUTH ST SHREWSBURY,MA01545	04-3167352	GOVT	193,781				RESEARCH/SUBCONTRACT
(96) MAX PLANCK FLORIDA INST FOR NEUROSCIENCE ONE MAX PLANCK WAY JUPITER,FL33458	26-2117502	501(c)(3)	54,598				RESEARCH/SUBCONTRACT
(97) MAYO CLINIC P O BOX 860334 MINNEAPOLIS,MN55486	59-3337028	501(c)(3)	32,193				RESEARCH/SUBCONTRACT
(98) MAYO CLINIC FOUNDATION P O BOX 860354 ROCHESTER,MN55905	41-6011702	501(c)(3)	10,914				RESEARCH/SUBCONTRACT
(99) MCMILLAN & RAWLINGS LLP 120 N HARRIS ST SANDERSVILLE,GA31082	46-0855426	N/A	41,582				RESEARCH/SUBCONTRACT
(100) MEDICAL UNIVERSITY OF SOUTH CAROLINA 19 HAGOOD AVE CHARLESTON,SC294258040	57-6007222	GOVT	465,658				RESEARCH/SUBCONTRACT
(101) MEDSHARE INTERNATIONAL INC 3240 CLIFTON SPRINGS RD ATLANTA,GA30034	58-2433968	501(c)(3)		297,313	FMV	MEDICAL SUPP	DONATION
(102) MERCER UNIVERSITY GRANTS CONTRACTS MACON,GA31207	58-0566167	501(c)(3)	84,132				DONATION
(103) METRO ATLANTA CHAMBER OF COMMERCE 235 A YOUNG INTL BLVD ATLANTA,GA30303	58-0145520	501(c)(6)	26,668				RESEARCH/SUBCONTRACT
(104) MIAMI UNIVERSITY 501 East High Street Oxford,OH45056	31-6402089	GOVT	39,927				DONATION
(105) MICHIGAN PUBLIC HEALTH INSTITUTE 2436 WOODLAKE CIR OKEMOS,MI48864	38-2963835	501(c)(3)	19,155				RESEARCH/SUBCONTRACT
(106) MINNESOTA EPILEPSY GROUP 225 NORTH SMITH AVE ST PAUL,MN55102	41-1678254	N/A	78,164				RESEARCH/SUBCONTRACT
(107) MOREHOUSE COLLEGE 830 WESTVIEW DRIVE SW ATLANTA,GA30314	58-0566205	501(c)(3)	15,981				RESEARCH/SUBCONTRACT
(108) MOREHOUSE SCHOOL OF MEDICINE 720 WESTVIEW DRIVE SW ATLANTA,GA30310	58-1438873	501(c)(3)	935,470				RESEARCH/SUBCONTRACT
(109) MOUNT SINAI SCHOOL OF MEDICINE BOX 3500 NEW YORK,NY10029	13-6171197	501(c)(3)	482,538				RESEARCH/SUBCONTRACT
(110) NATIONAL DEVELOPMENT AND RESEARCH INSTITUTES INC ( 71 WEST 23RD ST NEW YORK,NY10010	23-7009089	501(c)(3)	307,907				RESEARCH/SUBCONTRACT
(111) NATIONAL JEWISH HEALTH 1400 JACKSON ST DENVER,CO80206	74-2044647	501(c)(3)	52,166				RESEARCH/SUBCONTRACT
(112) NATIONAL RESOURCES DEFENSE COUNCIL 40 WEST 20TH STREET NEW YORK,NY10011	13-2654926	501(c)(3)	111,645				RESEARCH/SUBCONTRACT
(113) NATIONWIDE CHILDREN'S HOSPITAL 700 CHILDRENS DRIVE COLUMBUS,OH43205	31-6056230	501(c)(3)	102,147				RESEARCH/SUBCONTRACT
(114) NEW YORK UNIVERSITY 105 EAST 17TH STREET NEW YORK,NY10012	13-5562308	501(c)(3)	85,239				RESEARCH/SUBCONTRACT
(115) NORC AT THE UNIVERSITY OF CHICAGO 54 E MONROW ST STE 2000 CHICAGO,IL60603	36-2167808	501(c)(3)	108,515				RESEARCH/SUBCONTRACT
(116) NORTH CAROLINA STATE CAMPUS BOX 7008 RALEIGH,NC27695	56-6000756	GOVT	59,350				RESEARCH/SUBCONTRACT
(117) NORTH SHORE JEWISH MEDICAL CENTER THE FEINSTEIN INST MANHASSET,NY110303816	11-2673595	501(c)(3)	57,851				RESEARCH/SUBCONTRACT
(118) NORTHEAST GEORGIA MEDICAL CENTER 743 SPRING STREET NE GAINESVILLE,GA30501	58-1694098	501(c)(3)	25,000				RESEARCH/SUBCONTRACT
(119) NORTHWESTERN UNIVERSITY 750 NORTH LAKESHORE DR CHICAGO,IL60611	36-2167817	501(c)(3)	135,172				RESEARCH/SUBCONTRACT
(120) NOVA SOUTHEASTERN 3301 COLLEGE AVE FORT LAUDERDALE,FL33314	59-1083502	N/A	7,462				RESEARCH/SUBCONTRACT
(121) OAKHURST MEDICAL CENTER 5582 MEMORIAL DR STONE MOUNTAIN,GA30083	58-1413957	501(c)(3)	37,200				RESEARCH/SUBCONTRACT
(122) OREGON HEALTH & SCIENCE UNIV FOUNDATION 3181SW SAM JACKSON PK RD PORTLAND,OR97239	23-7083114	501(c)(3)	54,439				RESEARCH/SUBCONTRACT
(123) PALO ALTO VETERANS INSTITUTE FOR RESEARCH PO BOX V-38 PALO ALTO,CA94304	77-0207331	501(c)(3)	262,613				RESEARCH/SUBCONTRACT
(124) PARTNERS HEALTHCARE SYSTEM INC P O BOX 3829 BOSTON,MA02199	04-2697983	501(c)(3)	290,227				RESEARCH/SUBCONTRACT
(125) PENNSYLVANIA STATE UNIVERSITY 130 BRISTOL UNIVERSITY PARK,PA16802	24-6000376	GOVT	31,433				RESEARCH/SUBCONTRACT
(126) PHILLIPS GILMORE ONCOLOGY COMMUNICATIONS 22 HILLTOP RD PHILADELPHIA,PA19118	23-2851393	N/A	10,000				RESEARCH/SUBCONTRACT
(127) PHYSICAL SCIENCES INC 20 NEW ENGLAND BUS CTR ANDOVER,MA01810	04-2517090	N/A	145,344				DONATION
(128) PIEDMONT HOSPITAL 1968 PEACHTREE RD ATLANTA,GA30309	58-0566213	501(c)(3)	6,940				RESEARCH/SUBCONTRACT
(129) PORTLAND STATE UNIVERSITY PO BOX 750 PORTLAND,OR972070751	48-1278529	GOVT	9,954				RESEARCH/SUBCONTRACT
(130) PRAIRIE VIEW A & M UNIVERSITY 399 H MITCHELL PKWY S COLLEGE STN,TX77845	74-6001078	GOVT	5,348				RESEARCH/SUBCONTRACT
(131) PRIMARY HEALTH CARE CENTER OF DADE INC 106 WITHERS ST E LAFAYETTE,GA30728	58-1410404	501(c)(3)	100,000				RESEARCH/SUBCONTRACT
(132) PRINCETON UNIVERSITY 4 NEW SOUTH BUILDING PRINCETON,NJ08544	21-0634501	501(c)(3)	121,185				RESEARCH/SUBCONTRACT
(133) PUGET SOUND BLOOD CENTER 921 TERRY AVE SEATTLE,WA98104	91-1019655	501(c)(3)	90,339				RESEARCH/SUBCONTRACT
(134) PURDUE UNIVERSITY 401 SOUTH GRANT ST WEST LAFAYETTE,IN47906	35-6002041	GOVT	24,809				RESEARCH/SUBCONTRACT
(135) REGENTS OF THE UNIV OF CALIFORNIAIRVINE 1400 BIO SCIENCES 3 IRVINE,CA92697	95-2226406	GOVT	163,811				RESEARCH/SUBCONTRACT
(136) REGENTS OF THE UNIVERSITY OF CALIFORNIA ONE SHIELDS AVE DAVIS,CA95616	94-6036494	GOVT	748,455				RESEARCH/SUBCONTRACT
(137) RHODE ISLAND HOSPITAL 593 EDDY STREET PROVIDENCE,RI02903	05-0258954	501(c)(3)	49,964				RESEARCH/SUBCONTRACT
(138) RICHMOND COUNTY BOARD OF HEALTH 1916 NORTH LEG ROAD AUGUSTA,GA30909	58-6000310	GOVT	42,887				RESEARCH/SUBCONTRACT
(139) UNIVERSITY OF ROCHESTER P O BOX 270032 ROCHESTER,NY14642	16-1329462	501(c)(3)	7,227				RESEARCH/SUBCONTRACT
(140) ROWAN UNIVERSITY 201 MULLICA HILL RD GLASSBORO,NJ08028	22-2764819	GOVT	78,103				RESEARCH/SUBCONTRACT
(141) RTI INTERNATIONAL PO BOX 900002 RALEIGH,NC276759000	56-0686338	501(c)(3)	5,749				RESEARCH/SUBCONTRACT
(142) RUSH UNIVERSITY MEDICAL CENTER 1700 WEST VAN BUREN ST CHICAGO,IL60612	36-2174823	501(c)(3)	203,489				RESEARCH/SUBCONTRACT
(143) RUTGERS UNIVERSITY 64 DAVIDSON RD PISCATAWAY,NJ088545602	22-6001086	GOVT	221,552				RESEARCH/SUBCONTRACT
(144) SAGE BIONETWORKS 1100 FAIRVIEW AVE N SEATTLE,WA98109	26-4489946	501(c)(3)	96,684				RESEARCH/SUBCONTRACT
(145) SAINT LOUIS UNIVERSITY 3700 WEST PINE MALL ST LOUIS,MO63108	43-0654872	501(c)(3)	74,160				RESEARCH/SUBCONTRACT
(146) SCRIPPS COLLEGE 101 S MILLS AVE CLAREMONT,CA91711	95-1664123	501(c)(3)	440,471				RESEARCH/SUBCONTRACT
(147) SEATTLE CHILDREN'S RESEARCH INSTITUTE PO BOX 24728 SEATTLE,WA981240728	91-1250116	501(c)(3)	859,468				RESEARCH/SUBCONTRACT
(148) SIDE BY SIDE BRAIN INJURY CLUBHOUSE INC 1001 MAIN STREET STONE MOUNTAIN,GA30083	58-2448708	501(c)(3)	10,000				RESEARCH/SUBCONTRACT
(149) SISTERLOVE INC P O BOX 10558 ATLANTA,GA30310	58-2016070	501(c)(3)	58,116				DONATION
(150) SOUTHERN ILLINOIS UNIVERSITY MAIL CODE 4722 CARONDALE,IL62901	37-6005961	GOVT	13,214				RESEARCH/SUBCONTRACT
(151) SPELMAN COLLEGE 350 SPELMAN LANE SW ATLANTA,GA30314	58-0566243	501(c)(3)	92,603				RESEARCH/SUBCONTRACT
(152) STANFORD UNIVERSITY P O BOX 44253 STANFORD,CA94305	94-1156365	501(c)(3)	920,740				RESEARCH/SUBCONTRACT
(153) STATE UNIVERSITY OF NEW YORK PO BOX 8 ALBANY,NY12222	14-6013200	GOVT	18,351				RESEARCH/SUBCONTRACT
(154) SWEETSENSE INC 5548 NE 18TH AVE PORTLAND,OR97211	46-0753599	N/A	17,160				RESEARCH/SUBCONTRACT
(155) T J MARTELL FOUNDATION 729 7TH AVE 16TH FLOOR NEW YORK,NY10019	51-0180178	501(c)(3)	7,000				RESEARCH/SUBCONTRACT
(156) TEL AVIV UNIVERSITY (American Friends of) 38 BROADWAY STE 1510 NEW YORK,NY10006	13-1996126	501(c)(3)	42,581				SPONSORSHIP
(157) TEMPLE UNIVERSITY 1801 N BROAD STREET PHILADELPHIA,PA19122	23-1365971	501(c)(3)	39,728				RESEARCH/SUBCONTRACT
(158) TEXAS A & M UNIVERSITY 400 H MITCHELL PKWY S COLLEGE STN,TX77845	74-6000531	GOVT	61,179				RESEARCH/SUBCONTRACT
(159) TEXAS BIOMEDICAL RESEARCH INSTITUTE PO BOX 760549 SAN ANTONIO,TX78245	74-1109630	501(c)(3)	306,205				RESEARCH/SUBCONTRACT
(160) TEXAS CHILDRENS HOSPITAL ONE BAYLOR PLAZA HOUSTON,TX77030	74-1100555	501(c)(3)	8,288				RESEARCH/SUBCONTRACT
(161) TEXAS TECH UNIVERSITY BOX 41105 LUBBOCK,TX79409	75-6002622	GOVT	22,941				RESEARCH/SUBCONTRACT
(162) THE AARON DIAMOND AIDS RESEARCH CENTER 455 FIRST AVE 7TH FL NEW YORK,NY10016	13-3540234	501(c)(3)	297,350				RESEARCH/SUBCONTRACT
(163) THE AUTISM FOUNDATION OF GEORGIA INC 1551 SHOUP COURT DECATUR,GA30033	58-1626622	501(c)(3)	7,000				RESEARCH/SUBCONTRACT
(164) THE BROAD INSTITUTE INC 415 MAIN STREET CAMBRIDGE,MA02142	26-3428781	501(c)(3)	8,480				DONATION
(165) THE CITY AND COUNTY OF SAN FRANCISCO 1380 HOWARD ST SAN FRANCISCO,CA94103	94-6000417	GOVT	10,853				RESEARCH/SUBCONTRACT
(166) THE EMMES CORPORATION 401 N WASH ST ROCKVILLE,MD20850	54-1058268	N/A	5,809				RESEARCH/SUBCONTRACT
(167) THE FAMILY HEALTH CTRS OF GA INC (FHCGA) 868 YORK AVE SE ATLANTA,GA30310	58-1233448	501(c)(3)	176,560				RESEARCH/SUBCONTRACT
(168) THE HENRY M JACKSON FOUNDATION 1401 ROCKVILLE PIKE ROCKVILLE,MD20852	52-1317896	501(c)(3)	114,971				RESEARCH/SUBCONTRACT
(169) THE MEDICAL COLLEGE OF WISCONSIN 8701 WATERTOWN PLANT RD MILWAUKEE,WI53226	39-0806261	501(c)(3)	15,077				RESEARCH/SUBCONTRACT
(170) THE OHIO STATE UNIVERSITY 90 I WOODY HAYES DR COLUMBUS,OH43210	31-6025986	GOVT	314,865				RESEARCH/SUBCONTRACT
(171) THE PEDIATRIC CENTER OF GEORGIA 2015 UPPERGATE DRIVE ATLANTA,GA30322	58-1692698	501(c)(3)	300,000				RESEARCH/SUBCONTRACT
(172) THE ROCKEFELLER UNIVERSITY 1230 YORK AVE NEW YORK,NY10021	13-1624158	501(c)(3)	343,872				DONATION
(173) THE SCRIPPS RESEARCH INSTITUTE 10550 N TORREY PINES RD LA JOLLA,CA92037	33-0435954	501(c)(3)	120,223				RESEARCH/SUBCONTRACT
(174) THE TASK FORCE FOR GLOBAL HEALTH 325 SWANTON WAY DECATUR,GA30030	58-1698648	501(c)(3)	1,366,892				RESEARCH/SUBCONTRACT
(175) THE UNIVERSITY OF GEORGIA FOUNDATION 394 SOUTH MILLEGE AVE ATHENS,GA30602	58-6033837	501(c)(3)	491,746				RESEARCH/SUBCONTRACT
(176) THE UNIVERSITY OF OKLAHOMA 200 DAVID L BOREN BLVD NORMAN,OK73019	73-6017987	GOVT	21,526				RESEARCH/SUBCONTRACT
(177) TRANSLATIONAL TESTING&TRAINING LABS INC 387 TECHNOLOGY CIR NW ATLANTA,GA30313	80-0079841	501(c)(3)	12,582				RESEARCH/SUBCONTRACT
(178) TRINITY COLLEGE ACCOUNTING SERVICES HARTFORD,CT06106	06-0646927	501(c)(3)	23,529				RESEARCH/SUBCONTRACT
(179) TRUSTEES OF THE UNIVERSITY OF PENN 3451 WALNUT STREET PHILADELPHIA,PA19104	23-1352685	GOVT	330,891				RESEARCH/SUBCONTRACT
(180) TUFTS UNIVERSITY 169 HOLLAND STREET SOMERVILLE,MA02144	04-2103634	501(c)(3)	103,479				RESEARCH/SUBCONTRACT
(181) TULANE UNIVERSITY 100 JONES HALL NEW ORLEANS,LA70118	72-0423889	501(c)(3)	143,010				RESEARCH/SUBCONTRACT
(182) UCLA P O BOX 951432 LOS ANGELES,CA90095	95-6006143	GOVT	85,597				RESEARCH/SUBCONTRACT
(183) UCSD MEDICAL CENTER 9499 GILMAN DR LA JOLLA,CA920930009	33-0640929	GOVT	7,137				RESEARCH/SUBCONTRACT
(184) UGA RESEARCH FOUNDATION INC 200 DW BROOKS DRIVE ATHENS,GA30602	58-1353149	501(c)(3)	1,416,582				RESEARCH/SUBCONTRACT
(185) UNIVERSITY HOSPITALS OF CLEVELAND UH GRANTS DETROIT,MI482781686	34-1567805	501(c)(3)	25,320				RESEARCH/SUBCONTRACT
(186) UNIVERSITY OF ALABAMA - BIRMINGHAM 1530 3rd AVE SOUTH BIRMINGHAM,AL35294	63-6005396	GOVT	2,039,842				RESEARCH/SUBCONTRACT
(187) UNIVERSITY OF ARIZONA 1040 E 4TH ST TUSCON,AZ85721	74-2652689	GOVT	132,193				RESEARCH/SUBCONTRACT
(188) UNIVERSITY OF ARKANSAS 210 ADMIN BLDG FAYETTEVILLE,AR72701	71-6003252	GOVT	147,374				RESEARCH/SUBCONTRACT
(189) UNIVERSITY OF CALIFORNIA 500 PARNASSUS AVE SAN FRANCISCO,CA94143	94-6036493	GOVT	416,485				RESEARCH/SUBCONTRACT
(190) UNIVERSITY OF CHICAGO 5801 S ELLIS AVE CHICAGO,IL60637	36-2177139	501(c)(3)	369,808				RESEARCH/SUBCONTRACT
(191) UNIVERSITY OF CINCINNATI PO BOX 932368 CLEVELAND,OH44193	31-6000989	GOVT	89,364				RESEARCH/SUBCONTRACT
(192) UNIVERSITY OF COLORADO AT DENVER 13199 EAST MONTVIW DENVER,CO80291	84-6000555	GOVT	223,722				RESEARCH/SUBCONTRACT
(193) UNIVERSITY OF FLORIDA 201 CRISER HALL GAINESVILLE,FL32604	59-6002052	GOVT	116,154				RESEARCH/SUBCONTRACT
(194) UNIVERSITY OF GEORGIA RM 111 MEMORIAL HALL ATHENS,GA30602	56-6001998	GOVT	6,232				RESEARCH/SUBCONTRACT
(195) UNIVERSITY OF ILLINOIS 504 EAST PENN AVE CHAMPAIGN,IL61820	37-6000511	GOVT	14,659				RESEARCH/SUBCONTRACT
(196) UNIVERSITY OF IOWA 100 MOSSMAN BUS SVS BLDG IOWA CITY,IA52242	42-6004813	GOVT	215,492				RESEARCH/SUBCONTRACT
(197) UNIVERSITY OF KENTUCKY RESEARCH FDN 301 PETERSON SVC BLDG LEXINGTON,KY40506	61-6033693	501(c)(3)	172,054				RESEARCH/SUBCONTRACT
(198) UNIVERSITY OF LOUISVILLE RESEARCH FDN CNTRLS OFFICE LOUISVILLE,KY402021959	61-1029626	501(c)(3)	11,754				RESEARCH/SUBCONTRACT
(199) UNIVERSITY OF MARYLAND P O BOX 41428 BALTIMORE,MD21201	52-6002033	GOVT	43,012				RESEARCH/SUBCONTRACT
(200) UNIVERSITY OF MIAMI PO BOX 025405 MIAMI,FL33102	59-0624458	501(c)(3)	353,942				RESEARCH/SUBCONTRACT
(201) UNIVERSITY OF MICHIGAN 2901 HUBBARD ST ANN ARBOR,MI48109	38-6006309	GOVT	1,564,000				RESEARCH/SUBCONTRACT
(202) UNIVERSITY OF MINNESOTA 1300 S 2ND MINNEAPOLIS,MN55454	41-6007513	GOVT	580,939				RESEARCH/SUBCONTRACT
(203) THE UNIVERSITY OF MONTANA 35 CAMPUS DRIVE MISSOULA,MT59812	81-6001713	GOVT	6,000				RESEARCH/SUBCONTRACT
(204) UNIVERSITY OF NEBRASKA-LINCOLN 151 WHITTIER RSCH CTR LINCOLN,NE68583	47-0049123	GOVT	61,111				RESEARCH/SUBCONTRACT
(205) UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 103 SOUTH BUILDING CHAPEL HILL,NC27599	56-6001393	GOVT	278,987				RESEARCH/SUBCONTRACT
(206) UNIVERSITY OF NORTH CAROLINA-WILMINGTON 600 S COLLEGE RD WILMINGTON,NC284035934	56-1258660	GOVT	6,473				RESEARCH/SUBCONTRACT
(207) UNIVERSITY OF NORTH TEXAS 1155 UNION CIRCLE DENTON,TX76203	75-6002149	GOVT	44,280				RESEARCH/SUBCONTRACT
(208) UNIVERSITY OF PENNSYLVANIA 3451 WALNUT STREET PHILADELPHIA,PA19178	23-1352685	501(c)(3)	161,735				RESEARCH/SUBCONTRACT
(209) UNIVERSITY OF PITTSBURGH 116 ATWOOD STREET PITTSBURGH,PA15260	25-0965591	501(c)(3)	1,277,567				RESEARCH/SUBCONTRACT
(210) UNIVERSITY OF ROCHESTER 115 SULLYS TRAIL PITTSFORD,NY14534	16-0743209	501(c)(3)	909,155				RESEARCH/SUBCONTRACT
(211) UNIVERSITY OF SOUTH ALABAMA 307 UNIVERSITY BLVD MOBILE,AL36688	63-0477348	GOVT	134,208				RESEARCH/SUBCONTRACT
(212) UNIVERSITY OF SOUTH CAROLINA 1400 GREENE ST COLUMBIA,SC29208	57-6001153	GOVT	167,464				RESEARCH/SUBCONTRACT
(213) UNIVERSITY OF SOUTHERN CALIFORNIA 3540 S FIGUEROA ST LOS ANGELES,CA90007	95-1642394	GOVT	158,691				RESEARCH/SUBCONTRACT
(214) UNIVERSITY OF TENNESSEE 527 ANDY HOLD TOWER KNOXVILLE,TN37996	62-6001636	GOVT	98,547				RESEARCH/SUBCONTRACT
(215) UNIVERSITY OF TEXAS 5323 HARRY HINES BLVD DALLAS,TX75284	75-6002868	GOVT	388,463				RESEARCH/SUBCONTRACT
(216) UNIVERSITY OF UTAH 201 S 1460 E SALTLAKE CITY,UT84112	87-6000525	GOVT	220,995				RESEARCH/SUBCONTRACT
(217) UNIVERSITY OF VERMONT 223 WATERMAN BLDG BURLINGTON,VT05405	03-0179440	GOVT	50,431				RESEARCH/SUBCONTRACT
(218) UNIVERSITY OF VIRGINIA PO BOX 400127 CHARLOTTESVILLE,VA22904	54-6001796	GOVT	62,399				RESEARCH/SUBCONTRACT
(219) UNIVERSITY OF WASHINGTON 1410 NE CAMPUS PARKWAY SEATTLE,WA98195	91-6001537	GOVT	1,214,546				RESEARCH/SUBCONTRACT
(220) UNIVERSITY OF WISCONSIN 1848 UNIVERSITY AVE MADISON,WI53726	39-1805963	GOVT	343,883				RESEARCH/SUBCONTRACT
(221) USA INDIA INITIATIVES INC 415 LAKEHILL COURT JOHNS CREEK,GA30022	80-0377727	501(c)(3)	6,000				RESEARCH/SUBCONTRACT
(222) UT SOUTHWESTERN 5312 HARRY HINES BLVD DALLAS,TX75284	74-6000203	GOVT	135,575				RESEARCH/SUBCONTRACT
(223) VACCINE & GENE THERAPY INST FLORIDA INC 11352SW VILLAGE PKWY PORT ST LUCIE,FL34987	36-4631835	501(c)(3)	67,106				RESEARCH/SUBCONTRACT
(224) VANDERBILT UNIVERSITY 2361 VANDERBILT PLACE NASHVILLE,TN37212	62-0476822	501(c)(3)	882,765				DONATION
(225) VIEW POINT HEALTH PO BOX 687 LAWRENCEVILLE,GA30043	58-2103187	GOVT	33,133				RESEARCH/SUBCONTRACT
(226) W L CLIFTON POLITICAL CONSULTING 378 ARIZONA AVE NE ATLANTA,GA30307	26-1543465	N/A	30,000				RESEARCH/SUBCONTRACT
(227) WAKE FOREST UNIVERSITY 1834 WAKE FOREST RD WINSTONSALEM,NC27157	22-3849199	501(c)(3)	409,843				RESEARCH/SUBCONTRACT
(228) WASHINGTON UNIVERSITY ONE BROOKINGS DRIVE ST LOUIS,MO63110	43-0653611	501(c)(3)	703,208				RESEARCH/SUBCONTRACT
(229) WAYNE STATE UNIVERSITY 5057 WOODWARD AVE DETROIT,MI48202	38-6028429	GOVT	21,099				RESEARCH/SUBCONTRACT
(230) WUQU' KAWOQ MAYA HEALTH ALLIANCE PO BOX 91 BETHEL,VT05032	20-8741625	501(c)(3)	19,149				RESEARCH/SUBCONTRACT
(231) YALE UNIVERSITY PO BOX 2038 NEW HAVEN,CT06521	06-0646973	501(c)(3)	144,744				RESEARCH/SUBCONTRACT

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

208

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) EMORY UNIVERSITY EDUCATIONAL ASSISTANCE	9441	233,392,897

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

FORM 990, SCHEDULE I, PART I, LINE 2

MONITORING THE USE OF GRANTS Emory University's student aid awards consist of need-based and merit-Based awards. Merit-based funding is awarded based upon donor preferences and restrictions or institutional academic criteria. Need-based aid is awarded based upon institutional methodology, a standard need analysis formula generally practiced by other private, non-profit peer institutions. Student financial aid is awarded to students for educational purposes. Award amounts are controlled by educational costs established by the institution and student progress is evaluated at key points in the student lifecycle if the award has contingencies that require such. Disbursement controls are in place that require direct costs be paid prior to providing refunds for non-direct educational expenses. Emory University is responsible for ensuring that it communicates the relevant and necessary information contained in subcontracted award documents to the subrecipients. The Office of Grants and Contracts Accounting maintains a copy of the Subcontract Agreement, which stipulates the terms of the award and is signed by representatives of both Emory University and the subrecipient organization. This agreement indicates that the subrecipient understands and is aware of the award requirements. In addition, if there are any further changes to the Agreement, an amendment to the agreement is generated and signed by the representative of Emory University and the subrecipient.

Schedule I (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

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

EMORY UNIVERSITY

Employer identification number

58-0566256

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)
1Peter BarnesVP-Human Resources	(i) (ii)	409,822 ............................... 0	10,000 ............................... 0	14,238 ............................... 0	23,400 ............................... 0	7,988 ............................... 0	465,448 ............................... 0	0 ............................... 0
2Mary L CahillVP-Investments and CIO	(i) (ii)	629,228 ............................... 0	713,093 ............................... 0	33,840 ............................... 0	330,300 ............................... 0	16,908 ............................... 0	1,723,369 ............................... 0	252,743 ............................... 0
3Wright Caughman MDEVP-Health Affairs	(i) (ii)	810,584 ............................... 384,372	0 ............................... 406,456	77,540 ............................... 43,433	269,800 ............................... 0	14,488 ............................... 0	1,172,412 ............................... 834,261	0 ............................... 0
4Susan CruseSVP-Dev/Alum Relations	(i) (ii)	544,777 ............................... 0	0 ............................... 0	70,084 ............................... 0	23,400 ............................... 0	22,696 ............................... 0	660,957 ............................... 0	0 ............................... 0
5Allison DykesVP-University Secretary	(i) (ii)	289,775 ............................... 0	0 ............................... 0	220 ............................... 0	23,400 ............................... 0	15,615 ............................... 0	329,010 ............................... 0	0 ............................... 0
6Carol KissalVP-Finance/Chief Finance Offic	(i) (ii)	182,472 ............................... 0	50,000 ............................... 0	20,333 ............................... 0	0 ............................... 0	7,030 ............................... 0	259,835 ............................... 0	0 ............................... 0
7Jerry LewisSVP-Communications	(i) (ii)	108,658 ............................... 0	50,000 ............................... 0	13,400 ............................... 0	9,227 ............................... 0	6,603 ............................... 0	187,888 ............................... 0	0 ............................... 0
8Michael J MandlEVP-Business/Admin	(i) (ii)	918,907 ............................... 0	120,000 ............................... 0	59,760 ............................... 0	101,543 ............................... 0	14,954 ............................... 0	1,215,164 ............................... 0	0 ............................... 0
9Richard MendolaInterim EVP Business/Admin	(i) (ii)	552,955 ............................... 0	12,000 ............................... 0	29,080 ............................... 0	23,400 ............................... 0	27,363 ............................... 0	644,798 ............................... 0	0 ............................... 0
10Ajay NairSVP-Campus Life	(i) (ii)	309,952 ............................... 0	0 ............................... 0	5,985 ............................... 0	23,400 ............................... 0	20,554 ............................... 0	359,891 ............................... 0	0 ............................... 0
11Stephen D SencerSVP-General Counsel	(i) (ii)	454,605 ............................... 0	0 ............................... 0	22,150 ............................... 0	23,400 ............................... 0	26,713 ............................... 0	526,868 ............................... 0	0 ............................... 0
12Claire E SterkEVP-Academic Affairs	(i) (ii)	591,600 ............................... 0	0 ............................... 0	51,150 ............................... 0	23,400 ............................... 0	5,402 ............................... 0	671,552 ............................... 0	0 ............................... 0
13James W WagnerPresident	(i) (ii)	937,000 ............................... 0	0 ............................... 0	65,275 ............................... 0	210,400 ............................... 0	73,189 ............................... 0	1,285,864 ............................... 0	0 ............................... 0
14Robert J BachmanCEO-Emory University Hospital	(i) (ii)	391,243 ............................... 0	30,848 ............................... 149,365	7,068 ............................... 30	18,200 ............................... 0	6,592 ............................... 15,941	453,951 ............................... 165,336	0 ............................... 0
15Robin FormanDean	(i) (ii)	401,234 ............................... 0	0 ............................... 0	0 ............................... 0	23,400 ............................... 0	19,283 ............................... 0	443,917 ............................... 0	0 ............................... 0
16John T FoxCEO-Emory Healthcare	(i) (ii)	0 ............................... 1,153,357	0 ............................... 520,150	3,200,026 ............................... 87,424	542,003 ............................... 0	11,454 ............................... 13,638	3,753,483 ............................... 1,774,569	3,000,000 ............................... 0
17Susan M GrantChief Nursing Officer	(i) (ii)	0 ............................... 373,603	0 ............................... 184,599	0 ............................... 2,527	0 ............................... 69,229	0 ............................... 14,707	0 ............................... 644,665	0 ............................... 0
18Christian P Larsen MDDean	(i) (ii)	664,479 ............................... 256,080	0 ............................... 367,272	32,664 ............................... 16,821	42,816 ............................... 0	15,729 ............................... 0	755,688 ............................... 640,173	0 ............................... 0
19Dane PetersonCEO-Emory Hospital Midtown	(i) (ii)	360,719 ............................... 54,368	0 ............................... 165,138	1,416 ............................... 232	0 ............................... 74,798	0 ............................... 23,152	362,135 ............................... 317,688	0 ............................... 0
20John M Rhee MDPhysician	(i) (ii)	0 ............................... 425,330	0 ............................... 1,283,242	0 ............................... 16,864	16,510 ............................... 0	216 ............................... 16,379	16,726 ............................... 1,741,815	0 ............................... 0
21Shervin Oskouei MDPhysician	(i) (ii)	0 ............................... 545,559	0 ............................... 1,189,477	0 ............................... 16,592	16,540 ............................... 0	216 ............................... 17,317	16,756 ............................... 1,768,945	0 ............................... 0
22John Xerogeanes MDPhysician	(i) (ii)	0 ............................... 555,433	0 ............................... 780,034	0 ............................... 16,868	16,435 ............................... 0	216 ............................... 17,542	16,651 ............................... 1,369,877	0 ............................... 0
23Mathew W Pombo MDPhysician	(i) (ii)	0 ............................... 1,155,415	0 ............................... 52,000	800 ............................... 335	21,295 ............................... 0	14,981 ............................... 9,951	37,076 ............................... 1,217,701	0 ............................... 0
24Daniel L Barrow MDPhysician	(i) (ii)	223,400 ............................... 673,350	1,800 ............................... 288,000	258 ............................... 34,453	27,591 ............................... 0	3,798 ............................... 13,127	256,847 ............................... 1,008,930	0 ............................... 0
25Michael ME Johns MDFormer Officer	(i) (ii)	106,299 ............................... 1,000	0 ............................... 0	6,918 ............................... 0	9,229 ............................... 0	5,935 ............................... 0	128,381 ............................... 1,000	0 ............................... 0
26Thomas J Lawley MDFormer Dean	(i) (ii)	491,111 ............................... 0	0 ............................... 0	42,756 ............................... 0	32,544 ............................... 0	13,903 ............................... 0	580,314 ............................... 0	0 ............................... 0
27Rosemary M MageeFormer Officer	(i) (ii)	258,123 ............................... 0	0 ............................... 0	0 ............................... 0	23,017 ............................... 0	16,530 ............................... 0	297,670 ............................... 0	0 ............................... 0
28Edith MurphreeFORMER OFFICER	(i) (ii)	401,868 ............................... 0	10,000 ............................... 0	1,000 ............................... 0	23,400 ............................... 0	21,571 ............................... 0	457,839 ............................... 0	0 ............................... 0
29Robert APaulFormer Dean	(i) (ii)	318,764 ............................... 0	0 ............................... 0	0 ............................... 0	23,400 ............................... 0	15,689 ............................... 0	357,853 ............................... 0	0 ............................... 0
30Fred Sanfilippo MDFormerEVP-Health Affairs	(i) (ii)	322,443 ............................... 0	0 ............................... 0	0 ............................... 0	23,400 ............................... 0	10,367 ............................... 0	356,210 ............................... 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
FORM 990, SCHEDULE J, PART I, LINE 1A	QUESTIONS REGARDING COMPENSATION First Class or Charter Travel: First class travel is not allowed unless it is the only seat available on a required flight or is a medical necessity for the employee. Travel for Companions: With the exception of the President, reimbursement or payment of the travel expenses of an eligible employee's family member must normally be pre-approved by the President or appropriate Executive Vice President or Senior Vice President. The travel expenses of an eligible employee's family member may be paid for or reimbursed by Emory University and are not included in the employee's taxable income, provided the employee can establish that the presence of his or her family member serves a "bona fide business purpose" as defined in the Treasury Regulations. A family member's presence is considered to serve a bona fide business purpose if the individual has a significant role in the proceedings or makes an important contribution to the success of the event. If attendance of an eligible employee's family member is desirable but does not serve a bona fide business purpose to Emory, any such payment or reimbursement for such family member's travel expenses will be a taxable payment. Tax indemnification and gross up payments: Effective June 2, 2009, Emory University does not make tax indemnification or gross-up payments to executive staff members unless agreed to prior to such date. Pursuant to an initial employment agreement, Susan Cruse received a tuition benefit, which included a tax gross-up payment of $34,614. Housing allowance or residence for personal use: Emory University provides an on-campus residence for the President. The President must live in this residence as a requirement of his job and utilize the residence for University business purposes. Emory University provides a housing allowance to its VP Finance/CFO. This allowance is included in taxable income on Form W-2. Health or social club dues or initiation fees: Emory University provides certain executives with taxable compensation to reimburse the expense of membership dues and appropriate initiation fees for a social or country club used for Emory University business entertainment purposes. Wright Caughman $7,428 Susan Cruse $1,400 Claire Sterk $4,200 John Fox $6,804
FORM 990, SCHEDULE J, PART I, LINE 3	ESTABLISHING COMPENSATION The President's compensation is approved by the Executive Compensation and Trustees' Conflict of Interest Committee of the EMORY UNIVERSITY Board of Trustees, composed of outside trustees. The recommendation is based on compensation survey data with periodic review by an independent compensation consultant.
FORM 990, SCHEDULE J, PART I, LINE 4B	NON-QUALIFIED RETIREMENT PLAN Certain executives participate in a supplemental retirement plan intended to make up for limits on compensation in the qualified retirement plan. Robert J. Bachman $ 7,068 Peter Barnes $14,238 Mary L. Cahill $33,840 Wright Caughman $54,349 Susan Cruse $29,070 Michael Mandl $59,760 Rich Mendola $28,080 Ajay Nair $ 5,985 Stephen D. Sencer $21,150 Claire E. Sterk $31,950 James W. Wagner $62,433
FORM 990, SCHEDULE J, PART I, LINE 7	NON-FIXED PAYMENTS Edith Murphree received a $10,000 performance bonus. Mary Cahill, Emory University's Chief Investment Officer, participates in an incentive plan that has a deferred component. In 2014, Ms. Cahill earned an incentive award of $767,250. $460,350 of the incentive award was distributed in 2014, as described below, and $306,900 of the incentive award was deferred. This deferred portion of the incentive award vests in part in 2015 and in part in 2016 and is subject to a substantial risk of forfeiture. In 2014, Ms. Cahill vested in and received a distribution of incentive compensation of $713,093, which was composed of deferred incentive awards from 2012 and 2013 of $252,743 as well as $460,350 of the incentive award that was earned in 2014.
FORM 990, SCHEDULE J, PART II, COLUMN C	SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN For purposes of retention, Emory University made a contribution of $240,000 to Wright Caughman's 457(f) deferred compensation account, which is not vested and is subject to a substantial risk of forfeiture. For purposes of retention, Emory made a contribution of $500,000 to John T. Fox's 457(f) deferred compensation account, which is not vested and is subject to a substantial risk of forfeiture. Mr. Fox also received a payout of vested deferred compensation awards made during the years 2009-2013 totaling $3,198,630. These awards were reported as deferred compensation in those years on the prior Forms 990. For purposes of retention, Emory University and Michael J. Mandl entered into a 457(f) deferred compensation agreement in 2008, pursuant to which Emory made an award of $547,000, which is not vested and is subject to a substantial risk of forfeiture, and which is reported ratably over seven years. For purposes of retention, Emory University made a contribution of $187,000 to James W. Wagner's 457(f) deferred compensation account, which is not vested and is subject to a substantial risk of forfeiture.

Schedule J (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet

Attach to Form 990.
SchKMediumBullet

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

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization
EMORY UNIVERSITY

Employer identification number
58-0566256

Part I

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LSF6	08-04-2005	168,534,643	See Part VI - 2005A	X			X		X
B	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LSJ8	08-04-2005	250,000,000	SEE PART VI - 2005B		X		X		X
C	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LTD0	08-25-2005	281,575,000	SEE PART VI - 2005C		X		X		X
D	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LTV0	06-19-2008	328,058,432	SEE PART VI - 2008ABC		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LVR6	05-13-2009	253,121,397	SEE PART VI - 2009B		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LXF0	07-23-2009	99,790,294	SEE PART VI - 2009C		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74272RAA4	08-18-2010	27,730,000	SEE PART VI - 2010CP		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LYF9	08-23-2011	238,277,766	SEE PART VI - 2011A		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LAS7	08-15-2013	214,792,974	SEE PART VI - 2013A		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LA73	08-15-2013	192,965,000	SEE PART VI - 2013BC		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired . . . . . . . . . . . . . .	92,115,000		0		157,425,000		198,225,000
2 Amount of bonds legally defeased . . . . . . . . . . .	15,730,000		0		0		0
3 Total proceeds of issue . . . . . . . . . . . . . .	168,537,100		250,002,307		287,609,146		330,299,691
4 Gross proceeds in reserve funds . . . . . . . . . . . .	0		0		0		0
5 Capitalized interest from proceeds . . . . . . . . . . .	0		0		3,238,536		11,210,114
6 Proceeds in refunding escrows . . . . . . . . . . . .	167,537,809		249,212,532		56,620,000		87,603,750
7 Issuance costs from proceeds . . . . . . . . . . . .	996,834		787,468		1,684,295		1,810,978
8 Credit enhancement from proceeds . . . . . . . . . . .	0		0		0		0
9 Working capital expenditures from proceeds . . . . . . . . .	0		0		0		0
10 Capital expenditures from proceeds . . . . . . . . . . .	2,457		2,307		226,066,315		229,674,849
11 Other spent proceeds . . . . . . . . . . . . . .	0		0		0		0
12 Other unspent proceeds . . . . . . . . . . . . . .	0		0		0		0
13 Year of substantial completion . . . . . . . . . . . .	2002		2005		2007		2011
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue? . . . . .	X			X	X		X
15 Were the bonds issued as part of an advance refunding issue? . . . . .	X		X			X		X
16 Has the final allocation of proceeds been made? . . . . . . . .	X		X		X		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . .	X		X		X		X

Part III

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .		X		X		X		X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .	X		X		X		X

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

Cat. No. 50193E

Schedule K (Form 990) 2014

Page 2

Part III

Private Business Use (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . .	X		X		X		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?		X		X		X		X
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .	X		X		X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?		X		X		X		X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . .	0 %		0 %		0.200 %		0.300 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . .	0 %		0 %		0 %		0 %
6 Total of lines 4 and 5 . . . . . . . . . . . . .	0.200 %		0.300 %		0.200 %		0.300 %
7 Does the bond issue meet the private security or payment test? . . . . .		X		X		X		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .	X			X	X			X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.	0.060 %		0.050 %		0.060 %		0.010 %
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .		X		X		X		X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? . . . . . . .	X		X		X		X

Part IV

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? . .		X		X		X		X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .		X		X		X		X
b Exception to rebate? . . . . . . . .		X		X	X			X
c No rebate due? . . . . . . . .	X		X		X		X
If "Yes" to line 2c, provide in Part VI the date the rebate computation was performed . . . . . .
3 Is the bond issue a variable rate issue? . . . .		X	X		X		X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X	X		X			X
b Name of provider . . . . . . . . .	0		UBSCITIGROUP		UBSCITIGROUP
c Term of hedge . . . . . . . . . .	31.		31.		31.
d Was the hedge superintegrated? . . . .		X		X		X
e Was the hedge terminated? . . . . . .		X		X		X

Schedule K (Form 990) 2014

Page 3

Part IV

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .		X		X	X			X
b Name of provider . . . . . . . . .	0		0		TRANSAMERICA OCCIDEN		0
c Term of GIC . . . . . . . . . .	1.4				1.4
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .	X				X
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .	X		X			X		X
7 Has the organization established written procedures to monitor the requirements of section 148? . . .	X		X		X		X

Part V

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?	X		X		X		X

Part VI

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

Return Reference	Explanation
FORM 990, SCHEDULE K, PART I, Column F	Purpose and Issue Date of Refunded Issues A. 2005A - Debt Refunding: 12/2/92 (1992A), 3/18/93 (1993A), 5/26/94 (1994A), 11/21/95 (1995A), 8/7/97 (1997A), 9/17/97 (1997C), 8/11/98 (1998A), 9/29/99 (1999A), 8/16/00 (2000A) B. 2005B - Debt Refunding: 8/7/97 (1997A), 9/17/97 (1997C), 8/11/98 (1998A), 9/29/99 (1999A), 8/16/00 (2000A), 10/10/01 (2001A) C. 2005C - New Facility Construction and Debt Refunding: 5/26/94 (1994A), 11/21/95 (1995A), 9/17/97 (1997C), 9/29/99 (1999A), 8/16/00 (2000A), 8/16/00 (2000B), 10/10/01 (2001B), 10/17/02 (2002B) D. 2008ABC - New Facility Construction and Debt Refunding: 8/7/97 (1997A), 4/18/07 (2007 CP) E. 2009B - New Facility Construction and Debt Refunding: 8/16/00 (2000B), 10/10/01 (2001B), 10/17/02 (2002B), 3/10/09 and 3/24/09 (2007 CP) F. 2009C - Debt Refunding: 6/19/08 (2008A) G. 2010CP - Debt Refunding: 8/11/98 (1998A), 9/29/99 (1999A), 8/16/00 (2000A), 4/18/07 (2007 CP) H. 2011A - Debt Refunding: 10/10/2001 (2001A), 10/17/2002 (2002A), 6/19/2008 (2008B) I. 2013A - New Facility Construction and Debt Refunding: 10/17/2002 (2002A), 09/04/2010 (2010 CP), 08/04/05 (2005A), 08/25/05 (2005C) J. 2013BC - New Facility Construction and Debt Refunding: 08/25/05 (2005C)
Form 990, Schedule K, Part II, Line 3	TOTAL PROCEEDS OF ISSUE THE PART I, COLUMN (E) "ISSUE PRICE" DOES NOT AGREE WITH THE PART II, LINE 3 "TOTAL PROCEEDS OF ISSUE" FOR CERTAIN BONDS DUE TO THE INCLUSION OF INVESTMENT EARNINGS ON THE PROCEEDS ACCOUNTS. THE CUMULATIVE INVESTMENT EARNINGS INCLUDED IN PART II, LINE 3 ARE AS FOLLOWS: PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LSF6 (2005A) $2,457 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LSJ8 (2005B) $2,307 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LTD0 (2005C) $6,034,146 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LTV0 (2008ABC) $2,241,259 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LVR6 (2009B) $7,054 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LXFO (2009C) $1,780 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LAS7 (2013A) $5,607 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LA73 (2013BC) $2,311
Form 990, Schedule K, Part III	PRIVATE BUSINESS USE BOND ISSUES 2005A AND 2005B WERE USED ENTIRELY TO REFUND PRE-2003 BOND ISSUES. AS SUCH, PART III, PRIVATE BUSINESS USE, DOES NOT APPLY.
Form 990, Schedule K, Part IV, Line 2c	REBATE COMPUTATIONS PERFORMED ISSUE 2005A - 08/04/10 ISSUE 2005B - 09/01/06; 09/01/11 ISSUE 2005C - 02/25/06; 02/25/07; 08/25/10 ISSUE 2008ABC - 06/19/12 Issue 2009B - 05/13/14 Issue 2009C - 07/23/14 Issue 2010CP - 08/15/13; 08/18/15
Form 990, Schedule K, Part IV, LINE 6 (2005A AND 2005B)	A portion of the proceeds of the Series 2005A Bonds and the Series 2005B Bonds were used to advance refund prior obligations, and therefore, gross proceeds were invested beyond an available temporary period. However, the proceeds used in the advance refunding were yield restricted in accordance with the Code and Treasury Regulations.

Schedule K (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet

Attach to Form 990.
SchKMediumBullet

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

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization
EMORY UNIVERSITY

Employer identification number
58-0566256

Part I

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LSF6	08-04-2005	168,534,643	See Part VI - 2005A	X			X		X
B	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LSJ8	08-04-2005	250,000,000	SEE PART VI - 2005B		X		X		X
C	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LTD0	08-25-2005	281,575,000	SEE PART VI - 2005C		X		X		X
D	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LTV0	06-19-2008	328,058,432	SEE PART VI - 2008ABC		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LVR6	05-13-2009	253,121,397	SEE PART VI - 2009B		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LXF0	07-23-2009	99,790,294	SEE PART VI - 2009C		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74272RAA4	08-18-2010	27,730,000	SEE PART VI - 2010CP		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LYF9	08-23-2011	238,277,766	SEE PART VI - 2011A		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LAS7	08-15-2013	214,792,974	SEE PART VI - 2013A		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LA73	08-15-2013	192,965,000	SEE PART VI - 2013BC		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired . . . . . . . . . . . . . .	92,115,000		0		157,425,000		198,225,000
2 Amount of bonds legally defeased . . . . . . . . . . .	15,730,000		0		0		0
3 Total proceeds of issue . . . . . . . . . . . . . .	168,537,100		250,002,307		287,609,146		330,299,691
4 Gross proceeds in reserve funds . . . . . . . . . . . .	0		0		0		0
5 Capitalized interest from proceeds . . . . . . . . . . .	0		0		3,238,536		11,210,114
6 Proceeds in refunding escrows . . . . . . . . . . . .	167,537,809		249,212,532		56,620,000		87,603,750
7 Issuance costs from proceeds . . . . . . . . . . . .	996,834		787,468		1,684,295		1,810,978
8 Credit enhancement from proceeds . . . . . . . . . . .	0		0		0		0
9 Working capital expenditures from proceeds . . . . . . . . .	0		0		0		0
10 Capital expenditures from proceeds . . . . . . . . . . .	2,457		2,307		226,066,315		229,674,849
11 Other spent proceeds . . . . . . . . . . . . . .	0		0		0		0
12 Other unspent proceeds . . . . . . . . . . . . . .	0		0		0		0
13 Year of substantial completion . . . . . . . . . . . .	2002		2005		2007		2011
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue? . . . . .	X			X	X		X
15 Were the bonds issued as part of an advance refunding issue? . . . . .	X		X			X		X
16 Has the final allocation of proceeds been made? . . . . . . . .	X		X		X		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . .	X		X		X		X

Part III

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .		X		X		X		X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .	X		X		X		X

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

Cat. No. 50193E

Schedule K (Form 990) 2014

Page 2

Part III

Private Business Use (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . .	X		X		X		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?		X		X		X		X
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .	X		X		X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?		X		X		X		X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . .	0 %		0 %		0.200 %		0.300 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . .	0 %		0 %		0 %		0 %
6 Total of lines 4 and 5 . . . . . . . . . . . . .	0.200 %		0.300 %		0.200 %		0.300 %
7 Does the bond issue meet the private security or payment test? . . . . .		X		X		X		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .	X			X	X			X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.	0.060 %		0.050 %		0.060 %		0.010 %
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .		X		X		X		X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? . . . . . . .	X		X		X		X

Part IV

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? . .		X		X		X		X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .		X		X		X		X
b Exception to rebate? . . . . . . . .		X		X	X			X
c No rebate due? . . . . . . . .	X		X		X		X
If "Yes" to line 2c, provide in Part VI the date the rebate computation was performed . . . . . .
3 Is the bond issue a variable rate issue? . . . .		X	X		X		X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X	X		X			X
b Name of provider . . . . . . . . .	0		UBSCITIGROUP		UBSCITIGROUP
c Term of hedge . . . . . . . . . .	31.		31.		31.
d Was the hedge superintegrated? . . . .		X		X		X
e Was the hedge terminated? . . . . . .		X		X		X

Schedule K (Form 990) 2014

Page 3

Part IV

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .		X		X	X			X
b Name of provider . . . . . . . . .	0		0		TRANSAMERICA OCCIDEN		0
c Term of GIC . . . . . . . . . .	1.4				1.4
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .	X				X
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .	X		X			X		X
7 Has the organization established written procedures to monitor the requirements of section 148? . . .	X		X		X		X

Part V

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?	X		X		X		X

Part VI

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

Return Reference	Explanation
FORM 990, SCHEDULE K, PART I, Column F	Purpose and Issue Date of Refunded Issues A. 2005A - Debt Refunding: 12/2/92 (1992A), 3/18/93 (1993A), 5/26/94 (1994A), 11/21/95 (1995A), 8/7/97 (1997A), 9/17/97 (1997C), 8/11/98 (1998A), 9/29/99 (1999A), 8/16/00 (2000A) B. 2005B - Debt Refunding: 8/7/97 (1997A), 9/17/97 (1997C), 8/11/98 (1998A), 9/29/99 (1999A), 8/16/00 (2000A), 10/10/01 (2001A) C. 2005C - New Facility Construction and Debt Refunding: 5/26/94 (1994A), 11/21/95 (1995A), 9/17/97 (1997C), 9/29/99 (1999A), 8/16/00 (2000A), 8/16/00 (2000B), 10/10/01 (2001B), 10/17/02 (2002B) D. 2008ABC - New Facility Construction and Debt Refunding: 8/7/97 (1997A), 4/18/07 (2007 CP) E. 2009B - New Facility Construction and Debt Refunding: 8/16/00 (2000B), 10/10/01 (2001B), 10/17/02 (2002B), 3/10/09 and 3/24/09 (2007 CP) F. 2009C - Debt Refunding: 6/19/08 (2008A) G. 2010CP - Debt Refunding: 8/11/98 (1998A), 9/29/99 (1999A), 8/16/00 (2000A), 4/18/07 (2007 CP) H. 2011A - Debt Refunding: 10/10/2001 (2001A), 10/17/2002 (2002A), 6/19/2008 (2008B) I. 2013A - New Facility Construction and Debt Refunding: 10/17/2002 (2002A), 09/04/2010 (2010 CP), 08/04/05 (2005A), 08/25/05 (2005C) J. 2013BC - New Facility Construction and Debt Refunding: 08/25/05 (2005C)
Form 990, Schedule K, Part II, Line 3	TOTAL PROCEEDS OF ISSUE THE PART I, COLUMN (E) "ISSUE PRICE" DOES NOT AGREE WITH THE PART II, LINE 3 "TOTAL PROCEEDS OF ISSUE" FOR CERTAIN BONDS DUE TO THE INCLUSION OF INVESTMENT EARNINGS ON THE PROCEEDS ACCOUNTS. THE CUMULATIVE INVESTMENT EARNINGS INCLUDED IN PART II, LINE 3 ARE AS FOLLOWS: PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LSF6 (2005A) $2,457 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LSJ8 (2005B) $2,307 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LTD0 (2005C) $6,034,146 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LTV0 (2008ABC) $2,241,259 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LVR6 (2009B) $7,054 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LXFO (2009C) $1,780 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LAS7 (2013A) $5,607 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LA73 (2013BC) $2,311
Form 990, Schedule K, Part III	PRIVATE BUSINESS USE BOND ISSUES 2005A AND 2005B WERE USED ENTIRELY TO REFUND PRE-2003 BOND ISSUES. AS SUCH, PART III, PRIVATE BUSINESS USE, DOES NOT APPLY.
Form 990, Schedule K, Part IV, Line 2c	REBATE COMPUTATIONS PERFORMED ISSUE 2005A - 08/04/10 ISSUE 2005B - 09/01/06; 09/01/11 ISSUE 2005C - 02/25/06; 02/25/07; 08/25/10 ISSUE 2008ABC - 06/19/12 Issue 2009B - 05/13/14 Issue 2009C - 07/23/14 Issue 2010CP - 08/15/13; 08/18/15
Form 990, Schedule K, Part IV, LINE 6 (2005A AND 2005B)	A portion of the proceeds of the Series 2005A Bonds and the Series 2005B Bonds were used to advance refund prior obligations, and therefore, gross proceeds were invested beyond an available temporary period. However, the proceeds used in the advance refunding were yield restricted in accordance with the Code and Treasury Regulations.

Schedule K (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet

Attach to Form 990.
SchKMediumBullet

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

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization
EMORY UNIVERSITY

Employer identification number
58-0566256

Part I

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LSF6	08-04-2005	168,534,643	See Part VI - 2005A	X			X		X
B	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LSJ8	08-04-2005	250,000,000	SEE PART VI - 2005B		X		X		X
C	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LTD0	08-25-2005	281,575,000	SEE PART VI - 2005C		X		X		X
D	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LTV0	06-19-2008	328,058,432	SEE PART VI - 2008ABC		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LVR6	05-13-2009	253,121,397	SEE PART VI - 2009B		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LXF0	07-23-2009	99,790,294	SEE PART VI - 2009C		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74272RAA4	08-18-2010	27,730,000	SEE PART VI - 2010CP		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LYF9	08-23-2011	238,277,766	SEE PART VI - 2011A		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LAS7	08-15-2013	214,792,974	SEE PART VI - 2013A		X		X		X
	PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY	58-1407780	74265LA73	08-15-2013	192,965,000	SEE PART VI - 2013BC		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired . . . . . . . . . . . . . .	92,115,000		0		157,425,000		198,225,000
2 Amount of bonds legally defeased . . . . . . . . . . .	15,730,000		0		0		0
3 Total proceeds of issue . . . . . . . . . . . . . .	168,537,100		250,002,307		287,609,146		330,299,691
4 Gross proceeds in reserve funds . . . . . . . . . . . .	0		0		0		0
5 Capitalized interest from proceeds . . . . . . . . . . .	0		0		3,238,536		11,210,114
6 Proceeds in refunding escrows . . . . . . . . . . . .	167,537,809		249,212,532		56,620,000		87,603,750
7 Issuance costs from proceeds . . . . . . . . . . . .	996,834		787,468		1,684,295		1,810,978
8 Credit enhancement from proceeds . . . . . . . . . . .	0		0		0		0
9 Working capital expenditures from proceeds . . . . . . . . .	0		0		0		0
10 Capital expenditures from proceeds . . . . . . . . . . .	2,457		2,307		226,066,315		229,674,849
11 Other spent proceeds . . . . . . . . . . . . . .	0		0		0		0
12 Other unspent proceeds . . . . . . . . . . . . . .	0		0		0		0
13 Year of substantial completion . . . . . . . . . . . .	2002		2005		2007		2011
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue? . . . . .	X			X	X		X
15 Were the bonds issued as part of an advance refunding issue? . . . . .	X		X			X		X
16 Has the final allocation of proceeds been made? . . . . . . . .	X		X		X		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . .	X		X		X		X

Part III

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .		X		X		X		X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .	X		X		X		X

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

Cat. No. 50193E

Schedule K (Form 990) 2014

Page 2

Part III

Private Business Use (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . .	X		X		X		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?		X		X		X		X
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .	X		X		X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?		X		X		X		X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . .	0 %		0 %		0.200 %		0.300 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . .	0 %		0 %		0 %		0 %
6 Total of lines 4 and 5 . . . . . . . . . . . . .	0.200 %		0.300 %		0.200 %		0.300 %
7 Does the bond issue meet the private security or payment test? . . . . .		X		X		X		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .	X			X	X			X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.	0.060 %		0.050 %		0.060 %		0.010 %
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .		X		X		X		X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? . . . . . . .	X		X		X		X

Part IV

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? . .		X		X		X		X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .		X		X		X		X
b Exception to rebate? . . . . . . . .		X		X	X			X
c No rebate due? . . . . . . . .	X		X		X		X
If "Yes" to line 2c, provide in Part VI the date the rebate computation was performed . . . . . .
3 Is the bond issue a variable rate issue? . . . .		X	X		X		X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X	X		X			X
b Name of provider . . . . . . . . .	0		UBSCITIGROUP		UBSCITIGROUP
c Term of hedge . . . . . . . . . .	31.		31.		31.
d Was the hedge superintegrated? . . . .		X		X		X
e Was the hedge terminated? . . . . . .		X		X		X

Schedule K (Form 990) 2014

Page 3

Part IV

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .		X		X	X			X
b Name of provider . . . . . . . . .	0		0		TRANSAMERICA OCCIDEN		0
c Term of GIC . . . . . . . . . .	1.4				1.4
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .	X				X
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .	X		X			X		X
7 Has the organization established written procedures to monitor the requirements of section 148? . . .	X		X		X		X

Part V

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?	X		X		X		X

Part VI

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

Return Reference	Explanation
FORM 990, SCHEDULE K, PART I, Column F	Purpose and Issue Date of Refunded Issues A. 2005A - Debt Refunding: 12/2/92 (1992A), 3/18/93 (1993A), 5/26/94 (1994A), 11/21/95 (1995A), 8/7/97 (1997A), 9/17/97 (1997C), 8/11/98 (1998A), 9/29/99 (1999A), 8/16/00 (2000A) B. 2005B - Debt Refunding: 8/7/97 (1997A), 9/17/97 (1997C), 8/11/98 (1998A), 9/29/99 (1999A), 8/16/00 (2000A), 10/10/01 (2001A) C. 2005C - New Facility Construction and Debt Refunding: 5/26/94 (1994A), 11/21/95 (1995A), 9/17/97 (1997C), 9/29/99 (1999A), 8/16/00 (2000A), 8/16/00 (2000B), 10/10/01 (2001B), 10/17/02 (2002B) D. 2008ABC - New Facility Construction and Debt Refunding: 8/7/97 (1997A), 4/18/07 (2007 CP) E. 2009B - New Facility Construction and Debt Refunding: 8/16/00 (2000B), 10/10/01 (2001B), 10/17/02 (2002B), 3/10/09 and 3/24/09 (2007 CP) F. 2009C - Debt Refunding: 6/19/08 (2008A) G. 2010CP - Debt Refunding: 8/11/98 (1998A), 9/29/99 (1999A), 8/16/00 (2000A), 4/18/07 (2007 CP) H. 2011A - Debt Refunding: 10/10/2001 (2001A), 10/17/2002 (2002A), 6/19/2008 (2008B) I. 2013A - New Facility Construction and Debt Refunding: 10/17/2002 (2002A), 09/04/2010 (2010 CP), 08/04/05 (2005A), 08/25/05 (2005C) J. 2013BC - New Facility Construction and Debt Refunding: 08/25/05 (2005C)
Form 990, Schedule K, Part II, Line 3	TOTAL PROCEEDS OF ISSUE THE PART I, COLUMN (E) "ISSUE PRICE" DOES NOT AGREE WITH THE PART II, LINE 3 "TOTAL PROCEEDS OF ISSUE" FOR CERTAIN BONDS DUE TO THE INCLUSION OF INVESTMENT EARNINGS ON THE PROCEEDS ACCOUNTS. THE CUMULATIVE INVESTMENT EARNINGS INCLUDED IN PART II, LINE 3 ARE AS FOLLOWS: PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LSF6 (2005A) $2,457 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LSJ8 (2005B) $2,307 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LTD0 (2005C) $6,034,146 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LTV0 (2008ABC) $2,241,259 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LVR6 (2009B) $7,054 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LXFO (2009C) $1,780 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LAS7 (2013A) $5,607 PRIVATE COLLEGES AND UNIVERSITIES CUSIP # 74265LA73 (2013BC) $2,311
Form 990, Schedule K, Part III	PRIVATE BUSINESS USE BOND ISSUES 2005A AND 2005B WERE USED ENTIRELY TO REFUND PRE-2003 BOND ISSUES. AS SUCH, PART III, PRIVATE BUSINESS USE, DOES NOT APPLY.
Form 990, Schedule K, Part IV, Line 2c	REBATE COMPUTATIONS PERFORMED ISSUE 2005A - 08/04/10 ISSUE 2005B - 09/01/06; 09/01/11 ISSUE 2005C - 02/25/06; 02/25/07; 08/25/10 ISSUE 2008ABC - 06/19/12 Issue 2009B - 05/13/14 Issue 2009C - 07/23/14 Issue 2010CP - 08/15/13; 08/18/15
Form 990, Schedule K, Part IV, LINE 6 (2005A AND 2005B)	A portion of the proceeds of the Series 2005A Bonds and the Series 2005B Bonds were used to advance refund prior obligations, and therefore, gross proceeds were invested beyond an available temporary period. However, the proceeds used in the advance refunding were yield restricted in accordance with the Code and Treasury Regulations.

Schedule K (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ.
MediumBullet

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

EMORY UNIVERSITY

Employer identification number

58-0566256

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

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

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

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e)Original principal amount	(f)Balance due	(g) In default?		(h) Approved by board or committee?		(i)Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e)Original principal amount	(f)Balance due	Yes	No	Yes	No	Yes	No






Total ...... $

Part III

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

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

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

Cat. No. 50056A

Schedule L (Form 990 or 990-EZ) 2014

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) Mary Ball	FAMILY MEM OF OFFICER	46,920	EMPLOYEE		No
(2) William Castle	FAMILY MEM OF TRUSTEE	145,931	EMPLOYEE		No
(3) Kirk Elifson	FAMILY MEM OF OFFICER	146,263	EMPLOYEE		No
(4) David Goldsmith	FAMILY MEM OF FORMER KEY	52,520	EMPLOYEE		No
(5) Edith Houston	FAMILY MEM OF FORMER OFF.	54,502	EMPLOYEE		No
(6) Michael M Johns	FAMILY MEM OF FORMER OFF.	409,174	EMPLOYEE		No
(7) John Lawley	FAMILY MEM OF FORMER KEY	118,976	EMPLOYEE		No
(8) Leslie Lawley	FAMILY MEM OF FORMER KEY	177,592	EMPLOYEE		No
(9) Megan Lawley	FAMILY MEM OF FORMER KEY	57,489	EMPLOYEE		No
(10) Deborah Long	FAMILY MEM OF FORMER OFF	88,213	EMPLOYEE		No
(11) Sheryl Gabram-Mendola	FAMILY MEM OF OFFICER	510,620	EMPLOYEE		No
(12) Janet Sanfilippo	FAMILY MEM OF FORMER OFF	145,183	EMPLOYEE		No
(13) Ann Sencer	FAMILY MEM OF OFFICER	90,882	EMPLOYEE		No
(14) Kimberly Wagner	FAMILY MEM OF OFFICER	22,166	EMPLOYEE		No

Part V

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

Return Reference	Explanation

Schedule L (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

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

Attach to Form 990.
Right pointing arrow large image

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

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

EMORY UNIVERSITY

Employer identification number

58-0566256

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....	X	13	126,490	APPRAISED
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..	X		615,061	APPRAISED
5 Clothing and household goods .......	X		39,743	MARKET VALUE
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	156	32,909,558	MARKET QUOTATION
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....	X	1	213,200	APPRAISED
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....	X	20	1,474,832	APPRAISED
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( FOOD AND GIFTS )	X	62	41,364	MARKET VALUE
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that

it must hold for at least three years from the date of the initial contribution, and which is not required to be used

for exempt purposes for the entire holding period? ..................

30a

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

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

Yes

32a

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

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

32a

Yes

If "Yes," describe in Part II.

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

describe in Part II.

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

Cat. No. 51227J

Schedule M (Form 990) (2014)

Page 2

Part II

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

Return Reference	Explanation
FORM 990, SCHEDULE M, PART I, LINE 32B	USE OF THIRD PARTIES EMORY UNIVERSITY USES REAL ESTATE BROKERS TO ASSIST WITH SALES OF REAL PROPERTY ORIGINALLY RECEIVED AS CHARITABLE CONTRIBUTIONS. SALES OF STOCK AND PARTNERSHIP INTERESTS GIFTED TO THE UNIVERSITY ARE MANAGED BY FINANCIAL AGENTS.

Schedule M (Form 990) (2014)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 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

EMORY UNIVERSITY

Employer identification number

58-0566256

Return Reference	Explanation
FORM 990, PART III, LINE 1	MISSION STATEMENT EMORY UNIVERSITY'S MISSION IS TO CREATE, PRESERVE, TEACH, AND APPLY KNOWLEDGE IN THE SERVICE OF HUMANITY. TO FULFILL THIS MISSION, THE UNIVERSITY SUPPORTS THE FULL RANGE OF SCHOLARSHIP, FROM UNDERGRADUATE TO ADVANCED GRADUATE AND PROFESSIONAL INSTRUCTION, AND FROM BASIC RESEARCH TO ITS APPLICATION IN PUBLIC SERVICE. WHILE BEING A COMPREHENSIVE RESEARCH UNIVERSITY, EMORY LIMITS ITS ACADEMIC SCOPE TO THOSE FIELDS IN WHICH, BY VIRTUE OF ITS HISTORY AND LOCATION, IT CAN EXCEL. HENCE ITS ACADEMIC PROGRAMS FOCUS ON THE ARTS AND SCIENCES, BUSINESS, LAW, THEOLOGY, AND THE HEALTH PROFESSIONS. THESE DISCIPLINES ARE UNIFIED BY THEIR DEVOTION TO LIBERAL LEARNING; BY COOPERATIVE INTERDISCIPLINARY PROGRAMS; AND BY THE COMMON PURSUIT OF INTELLECTUAL DISTINCTION. THE EMORY COMMUNITY IS OPEN TO ALL WHO MEET ITS HIGH STANDARDS OF INTELLIGENCE, COMPETENCE, AND INTEGRITY. IT WELCOMES A DIVERSITY OF ETHNIC, CULTURAL, SOCIOECONOMIC, RELIGIOUS, NATIONAL, AND INTERNATIONAL BACKGROUNDS, BELIEVING THAT THE INTELLECTUAL AND SOCIAL ENERGY THAT RESULTS FROM SUCH DIVERSITY IS A PRIMARY ASSET OF THE UNIVERSITY. IN KEEPING WITH THE DEMAND THAT TEACHING, LEARNING, RESEARCH, AND SERVICE BE MEASURED BY HIGH STANDARDS OF INTEGRITY AND EXCELLENCE, AND BELIEVING THAT EACH PERSON AND EVERY LEVEL OF SCHOLARLY ACTIVITY SHOULD BE VALUED ON ITS OWN MERITS, THE UNIVERSITY AIMS TO IMBUE SCHOLARSHIP AT EMORY WITH * A COMMITMENT TO HUMANE TEACHING AND MENTORSHIP AND A RESPECTFUL INTERACTION AMONG FACULTY, STUDENTS, AND STAFF; * OPEN DISCIPLINARY BOUNDARIES THAT ENCOURAGE INTEGRATIVE TEACHING, RESEARCH, AND SCHOLARSHIP; * A COMMITMENT TO USE KNOWLEDGE TO IMPROVE HUMAN WELL-BEING; AND * A GLOBAL PERSPECTIVE ON THE HUMAN CONDITION. THE UNIVERSITY, FOUNDED BY THE METHODIST EPISCOPAL CHURCH, CHERISHES ITS HISTORICAL AFFILIATION WITH THE UNITED METHODIST CHURCH. WHILE EMORY'S PROGRAMS ARE TODAY ENTIRELY NONSECTARIAN (EXCEPT FOR THOSE AT THE CANDLER SCHOOL OF THEOLOGY), THE UNIVERSITY HAS DERIVED FROM THIS HERITAGE THE CONVICTION THAT EDUCATION CAN BE A STRONG MORAL FORCE IN BOTH SOCIETY AND THE LIVES OF ITS INDIVIDUAL MEMBERS.
FORM 990, PART III, LINE 4	PROGRAM SERVICE ACCOMPLISHMENTS 4a Emory University: A major research university that is privately endowed, coeducational and not-for-profit. With its nine colleges and schools, the University attracts top quality students from across the nation and abroad, and has a current total enrollment of approximately 14,800 students. The University is a member of the Association of American Universities. In U.S. News and World Report's annual ranking of "America's Best Colleges" Emory ranked 21st among national universities in 2015 and has consistently been included in its Top 25 list since 1992. Emory also ranks in the top 25 schools for "Best Value Schools" and "High School Counselor Ratings." In addition, Emory ranked 14th in Kiplinger's "100 Best College Values" and was named a "Best Value College" by the Princeton Review. The University includes one of the nation's leading research and patient-care medical complexes, the Robert W. Woodruff Health Sciences Center. The Center includes the Emory University School of Medicine, Nell Hodgson Woodruff School of Nursing, Rollins School of Public Health, and Yerkes National Primate Research Center. Among the other centers for specialized research and study at Emory are The Winship Cancer Institute; The Global Health Institute; The Center for Health Discovery and Well Being; The Center for Faculty Development and Excellence; The Center for AIDS Research; The Michael C. Carlos Museum; The Center for Ethics in Public Policy and the Professions; The Center for International Programs Abroad; The Center for Health, Culture and Society; The Center for Teaching and Curriculum; The Cherry L. Emerson Center for Scientific Computation; The Graduate Institute of the Liberal Arts; The Claus M. Halle Institute for Global Learning; and The Institute for Women's Studies. 4b Emory University Hospital: A teaching and research facility providing tertiary and quaternary care services, particularly cardiology, cardiac surgery, oncology, neurosciences and multiple organ and tissue transplantation. In 2015, it was ranked as the number one hospital in Georgia by U.S. News and World Report. The Hospital was also recognized as one of the nation's top hospitals by the National Research Corporation's Consumer Choice Awards in 2015 and for 16 of the past 17 years. The Hospital provides integrated patient care with teaching and clinical research by physicians who are University faculty. It also provides charity care in the form of indigent care to patients with no health insurance and catastrophic care to patients whose medical bills are so large that paying them would be permanently life-shattering. Emory University Hospital physicians provided $17 million in charity care during the current fiscal year. The Hospital has 605 licensed beds, of which 120 are located at Emory University Orthopedic and Spine Hospital, and more than 1,300 licensed physicians on staff. The Emory University Orthopaedic and Spine Hospital has earned the highest patient satisfaction rankings in the country based on returned surveys from patients that have been nationally benchmarked by Press Ganey. The current Community Benefits Report is published at http://whsc.emory.edu/home/publications/health-sciences/community-benefits -2015/charity/index.html. 4c Emory University Hospital Midtown: Since 1908, an Atlanta teaching hospital offering a myriad of patient care, education and research initiatives. It was ranked the fifth best hospital in Atlanta, Georgia in 2015 by U.S. News and World Report. The Hospital provides advanced services such as cardiology, oncology and radiology as well as more traditional services such as obstetrics with both routine and intensive care nurseries. It also provides charity care in the form of indigent care to patients with no health insurance and catastrophic care to patients whose medical bills are so large that paying them would be permanently life-shattering. Emory University Hospital Midtown physicians provided $16 million in charity care during the current fiscal year. Emory University Hospital Midtown has 511 licensed beds and more than 1,200 licensed physicians on staff. The current Community Benefits Report is published at http://whsc.emory.edu/home/publications/health-sciences/community-benefits -2015/charity/index.html.
FORM 990, PART VI, LINE 2	FAMILY OR BUSINESS RELATIONSHIPS (1) TRUSTEES WALTER M. DERISO, JR. AND J. DAVID ALLEN HAVE A BUSINESS RELATIONSHIP. (2) TRUSTEES WALTER M. DERISO, JR., RUSSELL R. FRENCH, JOHN MORGAN, AND ROBERT C. GODDARD HAVE A BUSINESS RELATIONSHIP. (3) TRUSTEES MUHTAR KENT AND JAVIER GOIZUETA HAVE A BUSINESS RELATIONSHIP. (4) Trustees John Morgan and Doug Ivester have a business relationship.
FORM 990, PART VI, LINE 11B	PROVISION OF 990 TO GOVERNING BODY THE FORM 990 IS PREPARED and reviewed BY THE ORGANIZATION'S MANAGEMENT AND REVIEWED BY AN INDEPENDENT THIRD PARTY ACCOUNTING FIRM. PRIOR TO FINALIZATION OF THE RETURN, MANAGEMENT PROVIDED ACCESS TO A FINAL DRAFT OF THE FORM 990 TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND GAVE THEM AN OPPORTUNITY TO MAKE COMMENTS. MANAGEMENT UPDATED THE FORM 990 FOR ALL COMMENTS RECEIVED AND PROVIDED THE FINAL VERSION OF THE FORM 990 TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING.
FORM 990, PART VI, LINE 12C	CONFLICT OF INTEREST POLICY EMORY UNIVERSITY'S CONFLICT OF INTEREST POLICY REQUIRES TRUSTEES, OFFICERS AND OTHER DECISION MAKERS TO DISCLOSE PARTICIPATION IN ACTIVITIES OR CIRCUMSTANCES THAT MAY PRESENT A CONFLICT OF INTEREST ON AN ANNUAL BASIS OR IF AT ANY TIME SUCH INDIVIDUAL BECOMES AWARE OF CIRCUMSTANCES THAT MAY PRESENT A CONFLICT OF INTEREST. THESE DISCLOSURES BY TRUSTEES ARE REVIEWED BY THE EXECUTIVE COMPENSATION AND TRUSTEES' CONFLICT OF INTEREST COMMITTEE OF THE UNIVERSITY BOARD OF TRUSTEES ("CONFLICT OF INTEREST COMMITTEE"), AS NECESSARY. IF THE CONFLICT OF INTEREST COMMITTEE DETERMINES THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH THE CONFLICT OF INTEREST MAY MAKE A PRESENTATION TO THE APPLICABLE COMMITTEE, BUT AFTER SUCH PRESENTATION, THE INDIVIDUAL MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTED IN THE CONFLICT OF INTEREST. DURING THE FISCAL YEAR NONE OF THE TRUSTEES WITH RELATED BUSINESS INTERESTS VOTED ON BUSINESS DECISIONS INVOLVING SUCH COMPANIES.
FORM 990, PART VI, LINE 15	DETERMINATION OF COMPENSATION EMORY UNIVERSITY HAS A COMMITTEE ON EXECUTIVE COMPENSATION AND TRUSTEES' CONFLICT OF INTEREST COMPOSED OF NON-EMPLOYEE MEMBERS OF THE EMORY UNIVERSITY BOARD OF TRUSTEES. EACH YEAR, THE COMMITTEE REVIEWS MARKET DATA, COLLECTED AND REPORTED BY INDEPENDENT CONSULTING FIRMS, FROM COMPARABLE INSTITUTIONS FOR EACH POSITION IDENTIFIED AS A "DISQUALIFIED PERSON" FOR PURPOSES OF INTERMEDIATE SANCTIONS UNDER IRS REGULATIONS. THE COMMITTEE DISCUSSES THE PROPOSED COMPENSATION FOR EACH SUCH INDIVIDUAL IN THE CONTEXT OF THE MARKET DATA AND THE INDIVIDUAL'S PERFORMANCE AND CONTRIBUTION TO EMORY, AND IT MAKES A DECISION REGARDING THE APPROPRIATENESS OF COMPENSATION AND ANY COMPENSATION INCREASE. THE DISCUSSIONS ARE DOCUMENTED IN THE COMMITTEE'S MINUTES BY A REPRESENTATIVE OF THE OFFICE OF THE GENERAL COUNSEL.
FORM 990, PART VI, LINE 19	AVAILABILITY OF DOCUMENTS TO THE PUBLIC EMORY UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA ITS WEBSITE.
FORM 990, PART XI, LINE 9	RECONCILIATION OF NET ASSETS ADJUSTMENT TO ANNUITIES PAYABLE 942,536 CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS (26,265,113) ADJUSTMENT TO POST-RETIREMENT BENEFIT PLAN 3,237,000 ADJUSTMENT TO PERPETUAL FUND INCOME (58,532,000) ADJUSTMENT OF ASSETS TO BOOK VALUE 850,988 CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING (20,413,782) RECLASSIFICATION OF NET ASSETS (312,976) TRANSFER OF NET ASSETS TO CONSOLIDATED AFFILIATES (42,945,827) TOTAL OTHER CHANGES IN NET ASSETS (143,439,174)
FORM 990, PART V, LINE 4B	FOREIGN BANK ACCOUNT REPORTING BRAZIL CHILE CHINA COLUMBIA CZECH REPUBLIC DENMARK ETHIOPIA GREECE HUNGARY INDIA INDONESIA ISRAEL JAPAN MALAYSIA MEXICO NIGERIA PERU POLAND REPUBLIC OF KOREA ROMANIA SAUDI ARABIA SLOVAKIA SPAIN TAIWAN TURKEY UNITED KINGDOM
FORM 990, PART VI, LINE 4	THE BYLAWS OF THE ORGANIZATION WERE AMENDED TO UPDATE THE TOTAL NUMBER OF TRUSTEES AND TO CLARIFY THE VOTING STATUS OF TRUSTEES EMERITUS.

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:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

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

Attach to Form 990.
MediumBullet

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

EMORY UNIVERSITY

Employer identification number

58-0566256

Part I

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

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) GOIZUETA BUSINESS SCHOOL STUDENT INVEST 201 DOWMAN DRIVE ATLANTA,GA30322 58-0566256	INVESTMENTS	GA	17,262	1,687,460	NA
(2) GOIZUETA BUSINESS SCHOOL REAL ESTATE 201 DOWMAN DR ATLANTA,GA30322 26-1718943	INVESTMENTS	GA	63,101	157,897	NA
(3) EMORY UNIVERSITY STUDENT HEALTH COUNSEL 201 DOWMAN DRIVE ATLANTA,GA30322 27-1119602	HEALTHCARE	GA	2,135,328	43,241	NA
(4) ROSE ACQUISITIONS LLC 201 DOWMAN DRIVE ATLANTA,GA30322 45-4889158	INVESTMENTS	GA	-3,284,228	75,971,696	NA
(5) EMORY INTEGRATED HEALTH SERVICES LLC 201 DOWMAN DRIVE ATLANTA,GA30322 58-0566256	HEALTH CLAIMS	GA	0	0	NA

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) EMORY MEDICAL CARE FOUNDATION INC 1648 PIERCE DRIVE ATLANTA,GA30322 58-1537752	MED MGMT	GA	501(c)(3)	9	NA		No
(2) EMORY HEALTHCARE INC 201 DOWMAN DRIVE ATLANTA,GA30322 58-2137993	MED MGMT	GA	501(c)(3)	11.a	NA		No
(3) THE EMORY CLINIC INC 1365 CLIFTON ROAD ATLANTA,GA30322 58-2030692	HEALTHCARE	GA	501(C)(3)	9	NA		No
(4) EMORY MEDICAL LABORATORIES INC 1364 Clifton Road NE ATLANTA,GA30322 01-0553460	HEALTHCARE	GA	501(c)(3)	3	EMORY HEALTH		No
(5) WESLEY WOODS CENTER OF EMORY UNIVERSITY 1821 CLIFTON ROAD ATLANTA,GA30322 58-1529366	HEALTHCARE	GA	501(c)(3)	3	EMORY HEALTH		No
(6) EMORY CHILDREN'S CENTER INC 201 DOWMAN DRIVE ATLANTA,GA30322 58-2298500	HEALTHCARE	GA	501(c)(3)	9	EMORY HEALTH		No
(7) LUTHER C FISCHER FOUNDATION 550 PEACHTREE ST ATLANTA,GA30308 58-1052508	HEALTHCARE	GA	501(c)(3)	11.a	NA		No
(8) EMORY UNIV HOSPITAL MIDTOWN AUXILIARY 550 PEACHTREE ST ATLANTA,GA30308 58-6035386	HEALTHCARE	GA	501(c)(3)	11.A	NA		No
(9) Emory University Post-Retirement Benefit 1599 Clifton Road NE Atlanta,GA30322 58-2087692	VEBA	GA	501(c)(9)	N/A	NA		No
(10) Emory Healthcare Post-Retirement Benefit 1440 Clifton Road NE Atlanta,GA30322 90-0180674	VEBA	GA	501(c)(9)	N/A	EMORY HEALTH		No
(11) EMORY INNOVATIONS INC 201 DOWMAN DRIVE ATLANTA,GA30322 45-5372942	RESEARCH	GA	501(c)(3)	11A	NA		No
(12) EMORYSAINT JOSEPH'S INC 1440 CLIFTON RD NE SUTIE 400 ATLANTA,GA30322 45-2721833	HEALTHCARE	GA	501(c)(3)	4	EMORY HEALTH		No
(13) SAINT JOSEPH'S HOSPITAL OF ATLANTA INC 5673 PTREE Dunwoody RD ATLANTA,GA30342 58-0566257	HOSPITAL	GA	501(c)(3)	3	EMORYST JOS		No
(14) TRANSLATIONAL TESTING & TRAINING LABORAT 5673 PTREE DunwoodY RD ATLANTA,GA30342 80-0079841	RESEARCH	GA	501(c)(3)	4	EMORYST JOS		No
(15) EMORY HEALTHCARE INC RETIREMENT PLAN 1440 CLIFTON ROAD NE ATLANTA,GA30322 02-0689035	DB PLAN	GA	501(c)(9)	N/A	EMORY HEALTH		No
(16) Lettie Pate Evans Foundation Inc 191 Peachtree St NE Ste 3540 Atlanta,GA30303 23-7282939	Supporting Or	GA	501(c)(3)	11d	na		No
(17) The Halle Foundation 1201 W Peachtree St No 42210 Atlanta,GA30309 58-6201529	Supporting or	GA	501(c)(3)	11a	NA		No
(18) The Onnie Mae Spruill Foundation Inc 1548 Mount Vernon Road Atlanta,GA30338 58-2050054	Supporting Or	GA	501(c)(3)	11D	NA		No
(19) Susan H & Wilbur H Marcy Trust PO Box 1328 Winter Park,FL32790 59-1932547	Supporting Or	FL	501(c)(3)	11a	na		No
(20) M L Simpson Foundation Trust 1862 Independence Square Atlanta,GA30338 58-6418299	Supporting Or	GA	501(c)(3)	11a	na		No
(21) Robert W Woodruff Health Sciences Center 191 Peachtree St NE Ste 3540 Atlanta,GA30303 58-2229271	Supporting Or	GA	501(c)(3)	11b	NA		No
(22) Pediatric Center of Georgia Inc 2015 Upper Gate Drive NE Atlanta,GA30322 58-1692698	Supporting Or	GA	501(c)(3)	11a	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?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) FOREST HILL 100 Morgan Keegan Dr 430 LITTLE ROCK,AR72202 45-3838016	INVESTMENTS	DE	FOREST CAPITAL	Excluded	465,951	74,528,569		No	41,989		No	66.000 %
(2) ES REHAB 201 DOWMAN DRIVE ATLANTA,GA30322 46-3808267	HEALTHCARE	GA	EMORY HEALTH	EXCLUDED	3,198,665	8,929,940		No	0		No	51.000 %

Part IV

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

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets		Yes	No
(1) CLIFTON CASUALTY INSURANCE COMPANY LTD PO Box 1159 878 West Bay Rd Grand Cayman,Cayman Islands VI	Captive Insur	CJ	EMORY HEALTH	C CORP	5,516,034	171,806,697	100.000 %		No
(2) NORTHLAKE REGIONAL PHYSICIANS CENTER 2850 PACES FERRY ROAD SUTIE 1140 ATLANTA,GA30339 58-1850529	MEDICAL BLDG	GA	NA	C CORP	-51,123	232,095	93.000 %		No
(3) CHARITABLE REMAINER TRUSTS (41) 201 DOWMAN DRIVE ATLANTA,GA30322	CHARITABLE TR	GA	NA	TRUST					No
(4) POOLED INCOME FUND (1) 201 DOWMAN DRIVE ATLANTA,GA30322	INCOME FUND	GA	NA	TRUST					No
(5) PTAM DYNAMIC FUND CAYMAN ISLANDS KY1-1103 CJ	INVESTMENTS	CJ	PT ASSET MGNT	C CORP	370,691	50,373,318	95.000 %		No

Schedule R (Form 990) 2014

Page 3

Part V

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

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

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

Yes

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

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

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

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

Yes

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

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) EMORY HEALTHCARE INC	s	232,028	FMV
(2) EMORY HEALTHCARE INC	r	1,000,000	FMV
(3) THE EMORY CLINIC INC	s	42,846,062	FMV
(4) THE EMORY CLINIC INC	r	49,155,186	FMV
(5) WESLEY WOODS CENTER OF EMORY UNIVERSITY	R	41,710,851	FMV
(6) PTAM DYNAMIC FUND	B	50,000,000	FMV

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
FORM 990, SCHEDULE R, PART V	All transfers to and from Emory University and related organizations were cash transactions and therefore the method used for determining the amount involved was based on U.S. dollars.

Schedule R (Form 990) 2014

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: EMORY UNIVERSITY'S MISSION IS TO CREATE, PRESERVE, TEACH, AND APPLY KNOWLEDGE IN THE SERVICE OF HUMANITY AND TO PROVIDE EXCELLENCE IN PATIENT CARE.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	43
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	42
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	21,955
6	Total number of volunteers (estimate if necessary) .............	6	6,614
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	16,716,213
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	626,712,257	585,280,325
9	Program service revenue (Part VIII, line 2g) .........	2,304,555,257	2,479,177,894
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	547,001,931	441,424,302
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	26,349,527	20,043,448
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	3,504,618,972	3,525,925,969
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	281,486,235	297,011,511
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	1,560,797,104	1,647,450,509
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 20,627,141
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,215,402,256	1,336,216,107
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	3,057,685,595	3,280,678,127
19	Revenue less expenses. Subtract line 18 from line 12.......	446,933,377	245,247,842
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	12,191,767,156	11,894,060,482
21	Total liabilities (Part X, line 26).............	3,838,173,888	3,874,437,717
22	Net assets or fund balances. Subtract line 21 from line 20.....	8,353,593,268	8,019,622,765

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,645,839,729 including grants of $ 297,011,511 ) (Revenue $ 888,599,126 )
	SEE SCHEDULE O

4b	(Code: ) (Expenses $ 724,923,948 including grants of $ 0 ) (Revenue $ 865,671,973 )
	SEE SCHEDULE O

4c	(Code: ) (Expenses $ 620,218,086 including grants of $ 0 ) (Revenue $ 724,906,795 )
	SEE SCHEDULE O

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses2,990,981,763

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	15,433,720	11,199,179	2,646,614

				(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
c	Fundraising events....1c		1,537,883
d	Related organizations...1d
e	Government grants (contributions)1e		486,735,603

f	All other contributions, gifts, grants, and similar amounts not included above1f		97,006,839

g	Noncash contributions included in lines 1a-1f:$		35,420,248
h	Total. Add lines 1a-1f.......			585,280,325
			Business Code
2a	TUITION AND FEES		611600	617,825,981	617,825,981
b	HOSPITAL AND MEDICAL SERVICES		624100	1,738,712,302	1,738,712,302
c	AUXILIARY OPERATIONS		611600	71,742,912	71,742,912
d	INDEPENDENT OPERATIONS		721110	22,005,554	10,303,866	11,701,688
e	OTHER EDUCATIONAL/CLINICAL/RESEARCH		611600	28,891,145	28,891,145
f	All other program service revenue .
g	Total. Add lines 2a–2f........			2,479,177,894
3	Investment income (including dividends, interest, and other similar amounts).......			123,679,699		5,014,525	118,667,493
4	Income from investment of tax-exempt bond proceeds..			2,319
5	Royalties...........			3,630,045			3,630,045
		(i) Real	(ii) Personal
6a	Gross rents	3,553,183
b	Less: rental expenses
c	Rental income or (loss)	3,553,183	0
d	Net rental income or (loss).......			3,553,183			3,553,183
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	322,284,708	-4,542,424
b	Less: cost or other basis and sales expenses
c	Gain or (loss)	322,284,708	-4,542,424
d	Net gain or (loss)..........			317,742,284			317,742,284
8a	Gross income from fundraising events (not including $ 1,537,883 of contributions reported on line 1c). See Part IV, line 18 ..
	a		504,590
b	Less: direct expenses ...b		288,380
c	Net income or (loss) from fundraising events..			216,210			216,210
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...			0
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..			0
Miscellaneous Revenue			Business Code
11a	FINANCIAL ADMINISTRATION		611710	1,062,611			1,062,611
b	CONCESSIONS/SERVICES		611710	11,388,013			11,388,013
c	NETWORK AND COMMUNICATIONS		611710	193,386			193,386
d	All other revenue ....
e	Total. Add lines 11a–11d ......			12,644,010
12	Total revenue. See Instructions......			3,525,925,969	2,467,476,206	16,716,213	456,453,225


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			0	1	0
2	Savings and temporary cash investments .........			787,773,999	2	788,131,654
3	Pledges and grants receivable, net ...........			135,667,026	3	92,723,624
4	Accounts receivable, net .............			618,120,158	4	621,506,566
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	0
7	Notes and loans receivable, net .............			0	7	0
8	Inventories for sale or use ..............			15,093,327	8	16,050,652
9	Prepaid expenses and deferred charges ..........			214,111,491	9	200,324,190
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	4,750,142,933
b	Less: accumulated depreciation .....	10b	2,295,173,071	2,437,070,757	10c	2,454,969,862
11	Investments—publicly traded securities ..........			2,065,292,839	11	1,651,680,040
12	Investments—other securities. See Part IV, line 11 .....			5,888,426,037	12	6,036,995,158
13	Investments—program-related. See Part IV, line 11 .....			28,467,402	13	28,410,926
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			1,744,120	15	3,267,810
16	Total assets. Add lines 1 through 15 (must equal line 34)......			12,191,767,156	16	11,894,060,482
17	Accounts payable and accrued expenses .........			421,757,505	17	514,562,308
18	Grants payable .................			0	18	0
19	Deferred revenue ................			422,778,979	19	438,434,498
20	Tax-exempt bond liabilities .............			1,535,299,626	20	1,503,384,325
21	Escrow or custodial account liability. Complete Part IV of Schedule D..			0	21	0
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........			0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..			0	23	0
24	Unsecured notes and loans payable to unrelated third parties ....			411,273,068	24	403,403,671
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................			1,047,064,710	25	1,014,652,915
26	Total liabilities. Add lines 17 through 25.........			3,838,173,888	26	3,874,437,717
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			3,437,207,495	27	3,322,979,612
28	Temporarily restricted net assets ...........			2,999,598,183	28	2,796,226,545
29	Permanently restricted net assets ...........			1,916,787,590	29	1,900,416,608
	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 ...........			8,353,593,268	33	8,019,622,765
34	Total liabilities and net assets/fund balances ........			12,191,767,156	34	11,894,060,482

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