Attach to Form 990 or Form 990-EZ.
Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
| (i)Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 9 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| Total | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any unusual grants.) .... | 249,606,525 | 280,524,868 | 262,013,513 | 266,296,975 | 255,591,396 | 1,314,033,277 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 249,606,525 | 280,524,868 | 262,013,513 | 266,296,975 | 255,591,396 | 1,314,033,277 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | 1,314,033,277 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 249,606,525 | 280,524,868 | 262,013,513 | 266,296,975 | 255,591,396 | 1,314,033,277 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 101,384,712 | 92,439,625 | 118,278,396 | 97,949,398 | 105,878,260 | 515,930,391 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10. | 1,829,963,668 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (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.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2011 | (b) 2012 | (c) 2013 | (d) 2014 | (e) 2015 | (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.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 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) |
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| 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): |
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| 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 | ||||
| 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 2015 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-2015 |
(iii) Distributable Amount for 2015 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2015 from Section C, line 6 |
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2
Underdistributions, if any, for years prior to 2015 (reasonable cause required--see instructions) |
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| 3 Excess distributions carryover, if any, to 2015: | ||||
| a | ||||
| b | ||||
| c | ||||
| d From 2013....... | ||||
| e From 2014....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2015 distributable amount | ||||
|
i
Carryover from 2010 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2015 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2015 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2015, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions) |
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|
6
Remaining underdistributions for 2015. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions) |
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|
7 Excess distributions carryover to 2016. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a | ||||
| b | ||||
| c Excess from 2013....... | ||||
| d From 2014....... | ||||
| e From 2015....... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| SCHEDULE E, PART I, LINE 3 | THE STATEMENT OF NONDISCRIMINATION AND LINKS TO RELATED POLICY AND PROCEDURES ARE PRINTED ANNUALLY IN THE UNIVERSITY TIMES AND PITT NEWS (AUGUST 2015). |
| SCHEDULE E, PART I, LINE 6 | AS AN INSTRUMENTALITY OF THE COMMONWEALTH OF PENNSYLVANIA, THE UNIVERSITY OF PITTSBURGH RECEIVES FUNDS FROM THE COMMONWEALTH. IN ADDITION, THE UNIVERSITY RECEIVES FEDERAL PELL GRANTS AND COMMONWEALTH PHEAA GRANTS THAT ARE APPLIED TO STUDENTS' ACCOUNTS. |
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Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | ON FEBRUARY 26, 2016, THE BOARD OF TRUSTEES OF THE UNIVERSITY OF PITTSBURGH APPROVED REVISIONS TO CHAPTER I (TRUSTEES AND OFFICERS) OF THE UNIVERSITY BYLAWS. ARTICLES III (OFFICERS) AND IV (EXECUTION OF INSTRUMENTS) OF THE BYLAWS WERE UPDATED TO REFLECT CHANGES IN UNIVERSITY OFFICER TITLES. ARTICLE V (COMMITTEES) WAS REVISED TO PERMIT THE FORMATION OF SPECIAL COMMITTEES AND SUBCOMMITTEES OF THE BOARD. THE CHAIRPERSON OF THE BOARD MAY AUTHORIZE THE ESTABLISHMENT OF ONE OR MORE AD HOC COMMITTEES. THESE COMMITTEES DO NOT TAKE ANY ACTION ON BEHALF OF THE BOARD, BUT MAY RENDER ADVICE TO THE BOARD OR A STANDING COMMITTEE OF THE BOARD. SPECIAL COMMITTEES WILL NOT EXIST LONGER THAN ONE YEAR, UNLESS AUTHORIZED BY THE EXECUTIVE COMMITTEE OF THE BOARD. SUBCOMMITTEES MAY BE ESTABLISHED BY A STANDING COMMITTEE, WITH THE CONSENT OF THE BOARD CHAIRPERSON. SUBCOMMITTEES SHALL CARRY NO OFFICIAL AUTHORITY, BUT SHALL AID A STANDING COMMITTEE IN THE DISCHARGE OF ITS DUTIES. ARTICLE V WAS ALSO AMENDED TO INCLUDE TERM LIMITS FOR COMMITTEE CHAIRPERSONS AND FOR THE APPOINTMENT OF VICE CHAIRPERSONS FOR EACH COMMITTEE. ADDITIONAL REVISIONS WERE MADE FOR CONSISTENCY AND TO REFLECT REVISIONS IN PENNSYLVANIA LAW. |
| FORM 990, PART VI, SECTION A, LINE 7A | YES. UNDER THE COMMONWEALTH ACT OF 1966 (THE "ACT"), TWELVE OF THE TRUSTEES ARE DESIGNATED AS COMMONWEALTH TRUSTEES. FOUR ARE APPOINTED BY THE GOVERNOR, WITH ADVICE AND CONSENT OF TWO-THIRDS OF ALL MEMBERS OF THE SENATE. FOUR ARE APPOINTED BY THE PRESIDENT PRO TEMPORE OF THE SENATE. FOUR ARE APPOINTED BY THE SPEAKER OF THE HOUSE OF REPRESENTATIVES. |
| FORM 990, PART VI, SECTION B, LINE 11 | PRIOR TO THE MAY 5,2017 MEETING OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES, A COPY OF THE DRAFT IRS FORMS 990 AND 990-T FOR FISCAL YEAR 2016 WAS DISTRIBUTED TO EACH COMMITTEE MEMBER. AT THE MAY 5 MEETING, THE CHIEF FINANCIAL OFFICER OF THE UNIVERSITY REVIEWED BOTH FORMS WITH THE AUDIT COMMITTEE. VOTING MEMBERS OF THE COMMITTEE INCLUDE OUTSIDE DIRECTORS, WHILE NONVOTING MEMBERS INCLUDE SENIOR UNIVERSITY ADMINISTRATORS AS WELL AS STUDENT, FACULTY, AND STAFF REPRESENTATIVES. THE REVIEW INCLUDED A DISCUSSION OF EACH SIGNIFICANT SECTION OF THE TWO FORMS, HIGHLIGHTING RELEVANT CHANGES IN REQUIRED REPORTING AND ANY SIGNIFICANT VARIATIONS FROM PREVIOUS FILINGS. COMMITTEE MEMBERS WERE FREE TO ASK QUESTIONS AND PROVIDE FEEDBACK. SUBSEQUENT TO THE AUDIT COMMITTEE'S REVIEW, A COPY OF FORM 990 WAS MADE AVAILABLE TO EACH MEMBER OF THE ENTIRE BOARD OF TRUSTEES AND ALSO MADE AVAILABLE FOR PUBLIC INSPECTION. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE UNIVERSITY'S CONFLICT OF INTEREST POLICY FOR TRUSTEES APPLIES TO MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES ("BOARD") WHO ARE ENTITLED TO VOTE AT BOARD AND AT BOARD COMMITTEE MEETINGS. SUCH MEMBERS OF THE BOARD ARE REQUIRED ANNUALLY TO DISCLOSE AFFILIATIONS THEY (OR ANY "RELATED PERSON," WHICH INCLUDES THEIR SPOUSE, COHABITANT PARTNERS,ANCESTORS, BROTHERS AND SISTERS, (WHETHER WHOLE OR HALF BLOOD), CHILDREN (WHETHER NATURAL OR ADOPTED), GRANDCHILDREN, GREAT-GRANDCHILDREN, SPOUSES OF BROTHERS, SISTERS, CHILDREN,GRANDCHILDREN, AND GREAT-GRANDCHILDREN, AND PERSONS RESIDING IN THE SAME HOUSEHOLD AS THE BOARD MEMBER) HAVE WITH OTHER ORGANIZATIONS. FURTHER, SUCH MEMBERS OF THE BOARD ARE REQUIRED TO DISCLOSE PROMPTLY SITUATIONS THAT INVOLVE ACTUAL OR APPARENT CONFLICTS OF INTEREST AS SOON AS THEY BECOME KNOWN TO THE BOARD MEMBER, INCLUDING TRANSACTIONS AND PROPOSED TRANSACTIONS (EXCLUSIVE OF TRANSACTIONS BETWEEN THE UNIVERSITY AND ITSELF OR A CLOSE AFFILIATE,OR FOR WHICH THE UNIVERSITY WILL OR DID RECEIVE COMPETITIVE BIDS FROM TWO OR MORE COMPANIES, OR THAT INVOLVES THE RENDERING OF SERVICES OF A COMMON CARRIER, CONTRACT CARRIER OR PUBLIC UTILITY TO THE EXTENT COMPENSATED AT RATES/ CHARGES FIXED IN CONFORMITY WITH LAW OR GOVERNMENTAL AUTHORITY,OR THAT INVOLVES SERVICES OF A BANK DEPOSITARY OF FUNDS, TRANSFER AGENT, REGISTRAR OR TRUSTEE UNDER TRUST INDENTURE, OR SIMILAR SERVICES) WHEN THEY FIRST RECEIVE KNOWLEDGE OF THE SAME AND AS THEY ARISE BETWEEN THE UNIVERSITY, ON THE ONE HAND, AND, ON THE OTHER HAND, THE TRUSTEE (OR THE TRUSTEE'S RELATED PERSON) OR AN ORGANIZATION WITH WHICH THE TRUSTEE (OR THE TRUSTEE'S RELATED PERSON) IS AFFILIATED WHEN THE AMOUNT INVOLVED DOES OR IS LIKELY TO EXCEED $50,000. IF POSSIBLE, DISCLOSURES ARE TO BE MADE PRIOR TO ANY SUCH TRANSACTION OR APPROVAL BY THE BOARD OR APPROPRIATE OFFICER OR AGENT OF THE UNIVERSITY. THE REQUIRED ANNUAL DISCLOSURES ARE SUBMITTED TO THE UNIVERSITY'S OFFICE OF THE SECRETARY AND FORWARDED TO THE UNIVERSITY'S OFFICE OF GENERAL COUNSEL. THE OFFICE OF GENERAL COUNSEL THEN CONDUCTS AN EXTENSIVE REVIEW, WHICH REVIEW INCLUDES A SURVEY OF VARIOUS OFFICES OF THE UNIVERSITY, WITH REGARD TO RELEVANT BUSINESS RELATIONSHIPS OF THE UNIVERSITY AND THE MEANS BY WHICH THOSE RELATIONSHIPS WERE FORMULATED AND CONTINUE. THE RESULTS OF THAT EXTENSIVE REVIEW ARE SHARED BY THE OFFICE OF THE SECRETARY WITH THE BOARD'S GOVERNANCE AND NOMINATING COMMITTEE OR A SUBCOMMITTEE THEREOF. THE BOARD'S GOVERNANCE AND NOMINATING COMMITTEE CONSISTS OF TWELVE MEMBERS OF THE BOARD, AND INCLUDES THE CHAIRPERSON OF THE BOARD.THOSE DISCLOSURES OF ACTUAL OR APPARENT CONFLICTS OF INTEREST MADE BY BOARD MEMBERS, AS THEY ARISE, HAVE GENERALLY BEEN DIRECTED TO THE OFFICE OF THE SECRETARY. THAT OFFICE, IN CONSULTATION WITH OTHER UNIVERSITY OFFICES - INCLUDING THE UNIVERSITY'S OFFICE OF GENERAL COUNSEL - AS NECESSARY, HAS REVIEWED THEM FOR POTENTIAL CONFLICTS. IF AUTHORIZATION OR APPROVAL OF ANY TRANSACTION OR OTHER MATTER IS CONSIDERED AT ANY MEETING OF THE BOARD, OR BOARD COMMITTEE, ANY BOARD MEMBER WHO HAS AN ACTUAL OR APPARENT CONFLICT OF INTEREST MAY NOT PARTICIPATE IN ANY CONSIDERATION OR ACTION RELATING TO THE MATTER, OTHER THAN TO MAKE A BRIEF POSITION STATEMENT AND ANSWER PERTINENT QUESTIONS OTHER BOARD MEMBERS MIGHT HAVE. ADDITIONALLY, THOSE UNIVERSITY EMPLOYEES WHO ARE RESPONSIBLE FOR ACQUIRING GOODS OR SERVICES ON THE UNIVERSITY'S BEHALF - TO THE EXTENT THEY ARE AWARE, AT ALL,OF A RELEVANT BOARD MEMBER'S AFFILIATION - DO SO EXCLUSIVELY BASED UPON THE UNIVERSITY'S BEST BUSINESS INTERESTS, INCLUDING CONSIDERATION OF SUCH FACTORS AS EVALUATION AND REEVALUATION OF THE COST AND QUALITY AND ARMS-LENGTH NEGOTIATION OF THE TERMS. THOUGH NOT FORMALLY ADOPTED BY THE BOARD, THE UNIVERSITY HAS SEPARATE CONFLICT OF INTEREST POLICIES APPLICABLE TO EMPLOYEES, INCLUDING THOSE WHO ARE OFFICERS OF THE UNIVERSITY. ALL UNIVERSITY EMPLOYEES ARE REQUIRED TO DISCLOSE TRANSACTIONS AND PROPOSED TRANSACTIONS AS THEY ARISE BETWEEN THE UNIVERSITY, ON THE ONE HAND, AND,ON THE OTHER HAND, THE EMPLOYEE (OR AN IMMEDIATE FAMILY MEMBER OF THE EMPLOYEE) OR AN ORGANIZATION IN WHICH THE EMPLOYEE (OR AN IMMEDIATE FAMILY MEMBER OF THE EMPLOYEE) HAS A FINANCIAL INTEREST, WHEN THE AMOUNT INVOLVED DOES OR IS LIKELY TO EXCEED $500. ADDITIONALLY, UNIVERSITY STAFF AND ADMINISTRATORS ABOVE A CERTAIN JOB CLASSIFICATION LEVEL - WHICH, AS A PRACTICAL MATTER, INCLUDES ALL OF THE UNIVERSITY'S EMPLOYEE/ OFFICERS - MUST MAKE ADDITIONAL DISCLOSURES. FIRST, THOSE INDIVIDUALS MUST GENERALLY DISCLOSE TRANSACTIONS AND PROPOSED TRANSACTIONS AS THEY ARISE BETWEEN THE UNIVERSITY, ON THE ONE HAND, AND, ON THE OTHER HAND, THE EMPLOYEE (OR SPOUSE, REGISTERED DOMESTIC PARTNER, DEPENDENT CHILD, AS WELL AS SIBLINGS, PARENTS, AND NON-DEPENDENT CHILDREN - INCLUDING STEP AND IN-LAW VARIANTS - IF THE EMPLOYEE HAS ACTUAL KNOWLEDGE SUCH A RELATIVE IS LIKELY TO OR WILL BENEFIT) OR AN ORGANIZATION IN WHICH ANY OF THE FOREGOING IS AFFILIATED WHEN THE AMOUNT INVOLVED DOES OR IS LIKELY TO EXCEED $500. FURTHER, THOSE EMPLOYEES GENERALLY MUST ANNUALLY DISCLOSE AFFILIATIONS THEY (OR SPOUSE, REGISTERED DOMESTIC PARTNER, DEPENDENT CHILD, AS WELL AS SIBLINGS, PARENTS, AND NON-DEPENDENT CHILDREN - INCLUDING STEP AND IN-LAW VARIANTS - IF THE EMPLOYEE HAS ACTUAL KNOWLEDGE SUCH A RELATIVE IS LIKELY TO OR WILL BENEFIT) HAVE WITH ANY ORGANIZATION WITH WHICH THE UNIVERSITY HAD BUSINESS DEALINGS IN THE PAST YEAR OR WITH WHICH THERE IS A REASONABLE POSSIBILITY THE UNIVERSITY MAY HAVE BUSINESS DEALINGS IN THE NEXT YEAR. ALL DISCLOSURES REQUIRED OF UNIVERSITY EMPLOYEES ARE TO BE MADE TO THE NEXT HIGHER ADMINISTRATOR IN THE EMPLOYEE'S SUPERVISORY LINE (IN THE CASE OF THE UNIVERSITY'S CHANCELLOR,SUCH DISCLOSURES ARE MADE TO THE UNIVERSITY SECRETARY.) THE RECIPIENT OF SUCH INFORMATION REVIEWS SUCH DISCLOSURES FOR REAL, APPARENT OR POTENTIAL CONFLICTS OF INTEREST AND THEN RECOMMENDS AND INITIATES SUCH ACTION AS IS NECESSARY TO RESOLVE THE SAME. ANY RELEVANT EMPLOYEE WHO DISAGREES WITH THE RECOMMENDATION FOR RESOLVING CONFLICTS MADE BY HIS/HER REVIEWING ADMINISTRATOR MAY APPEAL TO THE NEXT HIGHER ADMINISTRATOR IN THE SUPERVISORY LINE. IN ANY EVENT, EMPLOYEES ARE PROHIBITED FROM EXERCISING ANY UNIVERSITY DECISION MAKING AUTHORITY OR FROM EXERTING INFLUENCE CONCERNING ANY ORGANIZATION OR TRANSACTION IN WHICH THEY OR A FAMILY MEMBER HAVE A PERSONAL INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF TRUSTEES, BY RESOLUTION OF JUNE 13, 1991 (AMENDED JUNE 19, 1992), ESTABLISHED THE COMPENSATION COMMITTEE AS A STANDING COMMITTEE OF THE BOARD. THE COMPENSATION COMMITTEE IS AUTHORIZED TO DETERMINE THE CHANCELLOR'S COMPENSATION, INCLUDING FRINGE BENEFITS AND PERQUISITES. UPON THE RECOMMENDATION OF THE CHANCELLOR, THE COMPENSATION COMMITTEE ALSO DETERMINES THE COMPENSATION, INCLUDING FRINGE BENEFITS AND PERQUISITES, OF THE OFFICERS OF THE UNIVERSITY, EXCEPT ASSISTANT AND ASSOCIATE TREASURERS AND SECRETARIES. THE COMPENSATION COMMITTEE IS COMPRISED OF THE CHAIRPERSON OF THE BOARD, THE CHAIR OF THE BUDGET COMMITTEE OF THE BOARD, AND OTHER TRUSTEES. NO TRUSTEE SERVING ON THE COMPENSATION COMMITTEE HAS A CONFLICT OF INTEREST WITH RESPECT TO THE CHANCELLOR'S OR OFFICERS' COMPENSATION ARRANGEMENTS. TO ASSIST THE COMPENSATION COMMITTEE IN MEETING ITS RESPONSIBILITIES, THE SERVICES OF A GLOBAL PROFESSIONAL SERVICES FIRM ARE USED FOR COMPENSATION CONSULTING AND MARKET RESEARCH. THAT FIRM PROVIDES THE COMPENSATION COMMITTEE WITH COMPENSATION DATA FROM A GROUP OF COMPARABLE U.S. RESEARCH INSTITUTIONS. THE OFFICERS' COMPENSATION IS BENCHMARKED AGAINST THESE INSTITUTIONS. MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS ARE MAINTAINED IN THE OFFICE OF THE SECRETARY OF THE BOARD OF TRUSTEES. ACCESS TO MINUTES OF ALL PUBLIC MEETINGS OF THE BOARD OF TRUSTEES AND ITS COMMITTEES ARE AVAILABLE TO THE PUBLIC. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL RELEVANT DOCUMENTS, INCLUDING THE CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA THE UNIVERSITY'S WEB SITE AND/OR BY REQUEST. |
| FORM 990, PART VI, SECTION B, LINE 13 AND 14 | THE UNIVERSITY HAS A WHISTLEBLOWER AND DOCUMENT RETENTION AND DESTRUCTION POLICY. HOWEVER, THE POLICIES HAVE NOT BEEN ADOPTED BY THE BOARD OF TRUSTEES. |
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