Form990
Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
A For the 2015 calendar year, or tax year beginning 07-01-2015 , and ending 06-30-2016
BCheck if applicable:
CName of organization
President and Fellows of Harvard College
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
1033 MASSACHUSETTS AVENUE 3RD FL
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CAMBRIDGE, MA02138
D Employer identification number

04-2103580
E Telephone number

G Gross receipts $ 85,336,627,703
F Name and address of principal officer:
DREW G FAUST
1033 MASSACHUSETTS AVENUE 3RD FL
CAMBRIDGE,MA02138
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.HARVARD.EDU
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1650
M State of legal domicile: MA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION AND RESEARCH ACROSS A BROAD ARRAY OF ACADEMIC DOMAINS.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 13
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 9
5 Total number of individuals employed in calendar year 2015 (Part V, line 2a) ...... 5 37,684
6 Total number of volunteers (estimate if necessary) ............. 6 23,000
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 31,507,754
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 2,242,963,264 1,631,689,043
9 Program service revenue (Part VIII, line 2g) ......... 1,675,362,549 1,703,349,679
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 2,619,718,966 1,033,092,868
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 71,191,764 90,774,333
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 6,609,236,543 4,458,905,923
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 664,243,938 690,374,628
14 Benefits paid to or for members (Part IX, column (A), line 4).....   0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 2,083,952,935 2,194,066,871
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 1,220,765 940,216
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet174,463,060    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 2,026,041,116 2,045,524,136
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 4,775,458,754 4,930,905,851
19 Revenue less expenses. Subtract line 18 from line 12....... 1,833,777,789 -471,999,928
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 73,518,242,000 75,287,515,000
21 Total liabilities (Part X, line 26)............. 29,734,176,000 33,402,594,000
22 Net assets or fund balances. Subtract line 21 from line 20..... 43,784,066,000 41,884,921,000
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2015)
Form 990 (2015)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION AND RESEARCH ACROSS A BROAD ARRAY OF ACADEMIC DOMAINS.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 3,454,635,467 including grants of $ 510,913,260 ) (Revenue $ 1,592,421,978 )
EDUCATION AND OTHER INSTITUTIONAL ACTIVITIES: HARVARD UNIVERSITY (THE "UNIVERSITY") IS A PRIVATE, NOT-FOR-PROFIT INSTITUTION OF HIGHER EDUCATION WITH APPROXIMATELY 7,330 UNDERGRADUATE AND 14,460 GRADUATE STUDENTS. ESTABLISHED IN 1636, THE UNIVERSITY INCLUDES THE FACULTY OF ARTS AND SCIENCES (HARVARD COLLEGE), THE JOHN A. PAULSON SCHOOL OF ENGINEERING AND APPLIED SCIENCES, THE DIVISION OF CONTINUING EDUCATION, TEN GRADUATE AND PROFESSIONAL SCHOOLS, THE RADCLIFFE INSTITUTE FOR ADVANCED STUDY, A VARIETY OF RESEARCH MUSEUMS AND INSTITUTES, AND AN EXTENSIVE LIBRARY SYSTEM TO SUPPORT THE TEACHING AND RESEARCH ACTIVITIES OF THE HARVARD COMMUNITY.
4b (Code:   ) (Expenses $ 806,228,926 including grants of $ 179,461,368 ) (Revenue $ 110,927,701 )
SPONSORED ACTIVITIES, INCLUDING SPONSORED RESEARCH: THE UNIVERSITY INCURRED $806,228,926 IN EXPENSES FUNDED BY SPONSORED AWARDS. THE EQUIVALENT AMOUNT HAS BEEN RECOGNIZED AS REVENUE ON FORM 990, PART VIII, ON LINES 1E (FEDERAL GRANTS), 1F (NON-FEDERAL SPONSORED GRANTS), AND 2B (NON-FEDERAL SPONSORED CONTRACTS). ONLY THE NON-FEDERAL SPONSORED CONTRACTS ON LINE 2B ARE CLASSIFIED AS PROGRAM SERVICE REVENUE AND REPORTED ABOVE. THE UNIVERSITY'S PRINCIPAL SOURCE OF FEDERAL SPONSORED FUNDS IS THE DEPARTMENT OF HEALTH AND HUMAN SERVICES. THE UNIVERSITY ALSO HAS MANY NON-FEDERAL SOURCES OF SPONSORED AWARDS, GRANTS, AND CONTRACTS, INCLUDING RESEARCH INSTITUTES, FOUNDATIONS, STATE AND LOCAL GOVERNMENTS, FOREIGN GOVERNMENTS, AND CORPORATIONS. SPONSORED GRANTS AND CONTRACTS NORMALLY PROVIDE FOR THE RECOVERY OF DIRECT AND INDIRECT COSTS.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet4,260,864,393
Form 990 (2015)
Form 990 (2015)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? ...
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment..............
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III.................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment..................
6
Yes
 
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment.............
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII .................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule EClick to see attachment
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
Yes
 
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....Click to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
16
Yes
 
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) ....Click to see attachment
17
Yes
 
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2015)
Form 990 (2015)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
22
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............Click to see list of attachments
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
No
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I............
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I ...................
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II ................Click to see attachment
26
Yes
 
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III......... Click to see attachment
27
Yes
 
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV ........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV.....................Click to see attachment
28b
Yes
 
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .............Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II ...........
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I ........Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment
36
Yes
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2015)
Form 990 (2015)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
11,432
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
37,684
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletAR , AS , BD , BR , CA , CJ , CI , CH , CO , UC , EC , FR , HK , IN , JE , LG , LH , LU , MP , MX , NL , NZ , NU , PM , PE , RO , SN , SF , TU , AE , UK , UY
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
Yes
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
Yes
 
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
5
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................
8
 
No
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
No
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
No
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2015)
Form 990 (2015)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
13
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
9
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
CA , IL , MA
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletOFFICE OF THE CONTROLLER1033 MASSACHUSETTS AVENUE 3RD FL   CAMBRIDGE,MA02138 (617) 496-7131
Form 990 (2015)
Form 990 (2015)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

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

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

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

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) DREW GILPIN FAUST
 
PRESIDENT
 60.0
.................
2.0 		X   X       1,404,848 0 494,228
(2) PAUL J FINNEGAN
 
TREASURER
 5.0
.................
2.0 		X   X       0 0 0
(3) LAWRENCE S BACOW
 
FELLOW; SENIOR FELLOW AT HKS
 10.0
.................
1.0 		X           8,300 0 141
(4) JAMES W BREYER
 
FELLOW
 5.0
.................
1.0 		X           0 0 0
(5) KENNETH I CHENAULT
 
FELLOW
 5.0
.................
1.0 		X           0 0 0
(6) KAREN GORDON MILLS
 
FELLOW; SENIOR FELLOW AT HBS
 45.0
.................
1.0 		X           147,660 0 19,213
(7) SUSAN L GRAHAM
 
FELLOW
 5.0
.................
1.0 		X           0 0 0
(8) NANNERL O KEOHANE
 
FELLOW
 5.0
.................
1.0 		X           0 0 0
(9) WILLIAM F LEE
 
FELLOW
 5.0
.................
1.0 		X           0 0 0
(10) JESSICA T MATHEWS
 
FELLOW
 5.0
.................
1.0 		X           0 0 0
(11) JOSEPH J O'DONNELL
 
FELLOW
 5.0
.................
3.0 		X           0 0 0
(12) JAMES F ROTHENBERG
 
FELLOW (UNTIL 07/21/2015)
 5.0
.................
2.0 		X           0 0 0
(13) SHIRLEY M TILGHMAN
 
FELLOW (BEGAN 01/2016)
 5.0
.................
1.0 		X           10,000 0 0
(14) THEODORE V WELLS JR
 
FELLOW
 5.0
.................
1.0 		X           0 0 0
(15) PAUL ANDREW
 
V.P. PUBLIC AFFAIRS AND COMM.
 60.0
.................
0 		    X       363,076 0 55,703
(16) ALAN M GARBER
 
PROVOST
 60.0
.................
2.5 		    X       660,814 0 206,266
(17) MARC L GOODHEART
 
V.P. AND SECRETARY OF THE UNIVERSITY
 60.0
.................
1.0 		    X       360,785 0 56,225
Form 990 (2015)
Form 990 (2015)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) MARILYN M HAUSAMMANN
 
V.P. FOR HUMAN RESOURCES
 60.0
.......................0 		    X       374,592 0 57,534
(19) THOMAS J HOLLISTER
 
V.P. FOR FINANCE AND C.F.O. (BEGAN 05/2015)
 60.0
.......................2.0 		    X       297,892 0 49,019
(20) ROBERT W IULIANO
 
SENIOR V.P. AND GENERAL COUNSEL; DEPUTY TO THE PRESIDENT
 60.0
.......................0 		    X       539,719 0 57,816
(21) MARK R JOHNSON
 
V.P. CAPITAL PLANNING AND PROJECT MGMT. (UNTIL 10/2015)
 60.0
.......................0 		    X       295,107 0 37,808
(22) KATHERINE N LAPP
 
EXECUTIVE VICE PRESIDENT
 60.0
.......................4.0 		    X       659,823 0 41,897
(23) ANNE H MARGULIES
 
V.P. AND CHIEF INFORMATION OFFICER
 60.0
.......................1.0 		    X       396,052 0 54,404
(24) TAMARA ELLIOTT ROGERS
 
V.P. FOR ALUMNI AFFAIRS AND DEVELOPMENT
 60.0
.......................0 		    X       478,207 0 53,597
(25) LEAH ROSOVSKY
 
V.P. FOR STRATEGY AND PROGRAMS
 60.0
.......................0 		    X       342,630 0 41,397
(26) SARAH E THOMAS
 
V.P. FOR THE HARVARD LIBRARY
 60.0
.......................0 		    X       347,601 0 43,237
(27) MEREDITH WEENICK
 
V.P. FOR CAMPUS SERVICES
 60.0
.......................2.0 		    X       355,209 0 44,462
(28) JEFFREY S FLIER
 
DEAN, FACULTY OF MEDICINE
 60.0
.......................4.3 		      X     623,745 0 54,967
(29) NITIN NOHRIA
 
DEAN, FACULTY OF BUSINESS
 60.0
.......................0 		      X     598,246 0 160,486
(30) MICHAEL D SMITH
 
DEAN, FACULTY OF ARTS & SCIENCES
 60.0
.......................1.0 		      X     570,402 0 140,773
(31) RICHARD H VIETOR
 
FACULTY
 60.0
.......................0 		        X   1,694,295 0 55,931
(32) JOHN A DEIGHTON
 
FACULTY
 60.0
.......................0 		        X   1,281,787 0 55,665
(33) DAVID F HAWKINS
 
FACULTY
 60.0
.......................0 		        X   1,057,519 0 26,866
(34) ELON KOHLBERG
 
FACULTY
 60.0
.......................0 		        X   1,012,599 0 48,743
(35) ROLAND FRYER
 
FACULTY
 60.0
.......................0 		        X   618,027 0 41,587
(36) CHRISTINE M HEENAN
 
CONSULTANT; FORMER V.P.
 60.0
.......................0 		          X 238,219 0 45,722
(37) STEVEN E HYMAN
 
FACULTY; FORMER PROVOST
 60.0
.......................0 		          X 438,140 0 38,995
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 15,175,294 0 1,982,682
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet3,996
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
Yes
 
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
TURNER CONSTRUCTION CO

TWO SEAPORT LN
STE 200
BOSTON,MA02210 		CONTRACTOR 83,644,810
LEE KENNEDY CO INC

122 QUINCY SHORE DR
QUINCY,MA02171 		CONTRACTOR 59,920,368
BRIGHAM AND WOMEN'S HOSPITAL

75 FRANCIS ST
BOSTON,MA02115 		RESEARCH SUBCONTRACTOR 44,947,425
MASSACHUSETTS GENERAL HOSPITAL

55 FRUIT ST
BOSTON,MA02114 		MEDICAL/HOSPITAL 40,979,051
C&W FACILITY SERVICES INC

275 GROVE ST
STE 3-200
AUBURNDALE,MA02466 		CLEANING SERVICES 39,523,204
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet1,300
Form 990 (2015)
Form 990 (2015)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b 1,805,160
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e 562,978,685
f All other contributions, gifts, grants, and similar amounts not included above1f 1,066,905,198
g Noncash contributions included in lines 1a-1f:$ 212,448,720
h Total.Add lines 1a-1f.......MediumBullet 1,631,689,043
Program Service RevenueAmt Business Code
2a STUDENT TUITION, ROOM & BOARD 900099 1,342,480,902 1,342,480,902    
b NON-FEDERAL CONTRACTS 900099 110,927,701 110,927,701    
c AUXILIARY HEALTH SERVICES 621400 60,341,984     60,341,984
d PUBLICATIONS 511130 36,074,680 36,009,353 65,327  
e STUDENT/EMPLOYEE SERVICES 611710 37,246,191   1,288,858 35,957,333
f All other program service revenue. 116,278,221 59,767,498 31,886,604 24,624,119
g Total.Add lines 2a–2f.....MediumBullet 1,703,349,679
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ..........MediumBullet 356,449,788   -1,733,035 358,182,823
4 Income from investment of tax-exempt bond proceedsMediumBullet        
5 Royalties...........MediumBullet 61,869,744     61,869,744
(ii) Personal (i) Real
6a Gross rents   69,803,404
b Less: rental expenses   40,898,815
c Rental income or (loss) 0 28,904,589
d Net rental income or (loss)......MediumBullet 28,904,589     28,904,589
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory 12,080,246 81,501,385,799
b Less: cost or other basis and sales expenses 2,366,118 80,834,456,847
c Gain or (loss) 9,714,128 666,928,952
d Net gain or (loss).....MediumBullet 676,643,080     676,643,080
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
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..MediumBullet        
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..MediumBullet        
Business Code Miscellaneous Revenue
11a            
b            
c            
d All other revenue .... 0 0 0 0
e Total. Add lines 11a–11d ...... MediumBullet 0
12 Total revenue. See Instructions......MediumBullet 4,458,905,923 1,549,185,454 31,507,754 1,246,523,672
Form 990 (2015)
Form 990 (2015)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 127,418,049 127,418,049
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 539,800,692 539,800,692
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 23,155,887 23,155,887
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 11,265,792 819,952 8,979,275 1,466,565
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 1,380,687 1,211,770 145,060 23,857
7 Other salaries and wages 1,683,972,916 1,490,849,853 119,360,345 73,762,718
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 138,884,425 122,956,743 9,844,156 6,083,526
9 Other employee benefits ....... 252,672,327 223,695,107 17,909,466 11,067,754
10 Payroll taxes ........... 105,890,724 93,746,858 7,505,556 4,638,310
11 Fees for services (non-employees):        
a Management ...... 33,643,512 31,045,984 2,207,520 390,008
b Legal ......... 17,122,156 1,937,874 14,782,108 402,174
c Accounting ........... 2,553,264 472,937 2,080,327 0
d Lobbying ........... 444,642 254,081 190,561  
e Professional fundraising services. See Part IV, line 17 940,216 940,216
f Investment management fees ...... 171,726,615   171,726,615  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 344,278,487 294,504,853 43,121,863 6,651,771
12 Advertising and promotion .... 14,624,687 13,512,510 434,711 677,466
13 Office expenses ....... 204,102,049 191,930,832 6,688,857 5,482,360
14 Information technology ...... 110,840,012 92,969,391 13,983,012 3,887,609
15 Royalties .. 4,185,832 4,133,383 12,586 39,863
16 Occupancy ........... 280,978,202 241,021,189 26,731,928 13,225,085
17 Travel ............ 86,304,405 79,397,627 1,366,176 5,540,602
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 1,857 1,857    
19 Conferences, conventions, and meetings .... 56,973,299 46,146,296 5,181,439 5,645,564
20 Interest ........... 232,481,991 205,321,553 17,153,539 10,006,899
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 312,626,325 280,329,042 17,853,602 14,443,681
23 Insurance ... 11,023,968 8,143,203 2,878,836 1,929
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 PAYMENTS TO ANNUITANTS 63,012,065 63,012,065    
b BOOKS/PUBLICATIONS 42,768,793 42,404,858 127,026 236,909
c PUBLISHING 22,257,869 17,495,463 1,129,130 3,633,276
d TAXES AND FEES 19,486,619 17,124,353 1,548,100 814,166
e All other expenses 14,087,487 6,050,131 2,636,604 5,400,752
25 Total functional expenses. Add lines 1 through 24e 4,930,905,851 4,260,864,393 495,578,398 174,463,060
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 MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2015)
Form 990 (2015)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 28,817,000 1 36,743,000
2 Savings and temporary cash investments ......... 20,091,000 2 20,173,000
3 Pledges and grants receivable, net ...... 2,244,777,000 3 2,158,543,000
4 Accounts receivable, net ............. 110,293,000 4 100,818,000
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
2,354,000 5 762,000
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 .... 374,832,000 7 379,827,000
8 Inventories for sale or use ........ 5,987,000 8 6,357,000
9 Prepaid expenses and deferred charges ...... 135,781,000 9 133,629,000
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 10,536,698,000
b Less: accumulated depreciation 10b 4,307,975,000 5,894,360,000 10c 6,228,723,000
11 Investments—publicly traded securities . 34,479,935,000 11 35,816,858,000
12 Investments—other securities. See Part IV, line 11 ..... 19,881,327,000 12 21,579,785,000
13 Investments—program-related. See Part IV, line 11 .. 0 13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 10,339,688,000 15 8,825,297,000
16 Total assets. Add lines 1 through 15 (must equal line 34)... 73,518,242,000 16 75,287,515,000
Liabilities 17 Accounts payable and accrued expenses ..... 469,920,000 17 481,527,000
18 Grants payable ...   18  
19 Deferred revenue ......... 193,168,000 19 186,722,000
20 Tax-exempt bond liabilities ......... 3,251,773,000 20 2,867,231,000
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.. 0 22 0
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties .. 2,311,306,000 24 2,309,471,000
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D 23,508,009,000 25 27,557,643,000
26 Total liabilities. Add lines 17 through 25.. 29,734,176,000 26 33,402,594,000
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets 9,631,923,000 27 10,114,038,000
28 Temporarily restricted net assets ........... 26,785,369,000 28 23,971,317,000
29 Permanently restricted net assets 7,366,774,000 29 7,799,566,000
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet 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 ........... 43,784,066,000 33 41,884,921,000
34 Total liabilities and net assets/fund balances ........ 73,518,242,000 34 75,287,515,000
Form 990 (2015)
Form 990 (2015)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
4,458,905,923
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
4,930,905,851
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-471,999,928
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
43,784,066,000
5
Net unrealized gains (losses) on investments ...............
5
-1,565,315,714
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
138,170,642
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
41,884,921,000
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
Yes
 
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
Yes
 
Form 990 (2015)
Form 990 (2015)
Additional Data


Software ID: 15000238
Software Version: 2015v3.0
Form 990, Special Condition Description:
Special Condition Description
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.
right arrow Attach to Form 990 or Form 990-EZ.
right arrow Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
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.)
1
2
3
4


5
6
7
8
9
10
11
a
b
c
d
e
f
Enter the number of supported organizations ..............  

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

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
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) right arrow (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.) .... 1,543,769,248 1,856,072,877 2,174,337,778 2,242,963,264 1,631,689,043 9,448,832,210
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 1,543,769,248 1,856,072,877 2,174,337,778 2,242,963,264 1,631,689,043 9,448,832,210
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).. 253,663,836
6 Public support. Subtract line 5 from line 4. 9,195,168,374
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
7 Amounts from line 4.. 1,543,769,248 1,856,072,877 2,174,337,778 2,242,963,264 1,631,689,043 9,448,832,210
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 416,906,214 420,190,320 592,263,720 577,719,961 489,855,971 2,496,936,186
9 Net income from unrelated business activities, whether or not the business is regularly carried on.. 724,422 376,074 333,008 764,171 0 2,197,675
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. 108,541,204 111,799,641 107,250,537 117,269,449 120,923,436 565,784,267
11 Total support. Add lines 7 through 10. 12,513,750,338
12
12
6,937,356,145
13
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
14
14
73.48 %
15
15
73.12 %
16a
b
17a
b
18
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) 2015

Schedule A (Form 990 or 990-EZ) 2015
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) right arrow (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.)  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (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.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
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
No
1
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.
1
 
 
2
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).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
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.
3b
 
 
c
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.
3c
 
 
4a
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.
4a
 
 
b
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.
4b
 
 
c
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.
4c
 
 
5a
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).
5a
 
 
b
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?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) 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.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).
8
 
 
9a
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.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9a) 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.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
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
 
 
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
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
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
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
 
 
Section B. Type I Supporting Organizations
Yes
No
1
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.
1
 
 
2
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.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
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).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
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).
2
 
 
3
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.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
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.
2a
 
 
b
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.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
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.
3a
 
 
b
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.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
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
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued)
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 		 
2 Underdistributions, if any, for years prior to 2015
(reasonable cause required--see instructions)		  
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)
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)		  
6 Remaining underdistributions for 2015. Subtract
lines 3h and 4b from line 1 (if amount greater than
zero, see instructions)		  
7 Excess distributions carryover to 2016. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a
b
c Excess from 2013.......  
d From 2014.......  
e From 2015.......  
Schedule A (Form 990 or 990-EZ) (2015)

Schedule A (Form 990 or 990-EZ) 2015
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Schedule A, Part II, Line 13 PUBLIC SUPPORT PRESIDENT AND FELLOWS OF HARVARD COLLEGE MEETS THE 33 1/3% PUBLIC SUPPORT TEST.
Schedule A, Part II, Line 10 Other Income DESCRIPTION - PROGRAM SERVICE REVENUE EXCLUDED FROM TAX UNDER SECTIONS 512-514, COLUMN A - XXX-XX-XXXX.0, COLUMN B - XXX-XX-XXXX.0, COLUMN C - XXX-XX-XXXX.0, COLUMN D - XXX-XX-XXXX.0, COLUMN E - XXX-XX-XXXX.0, COLUMN F - XXX-XX-XXXX.0; DESCRIPTION - NET INCOME OR (LOSS) FROM FUNDRAISING EVENTS, COLUMN A - -49666.0, COLUMN B - -36619.0, COLUMN C - -520518.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - -606803.0;
Schedule A (Form 990 or 990-EZ) 2015


Additional Data


Software ID: 15000238
Software Version: 2015v3.0
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 BulletInformation about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
If the organization answered "Yes" on 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" on 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" on 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
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ......................................................................................................................SchCMd Bullet
$  
3
Volunteer hours .............................................................................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
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-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2015

Schedule C (Form 990 or 990-EZ) 2015
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 Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ...............................................    
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? ..............................................................................................................

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) 2012 (b) 2013 (c) 2014 (d) 2015 (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) 2015


Schedule C (Form 990 or 990-EZ) 2015
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 on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
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:
a
Volunteers? ...........................................................................................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
Yes
 
c
Media advertisements? ...................................................................................................
 
No
 
d
Mailings to members, legislators, or the public? .............................................................................
Yes
 
200
e
Publications, or published or broadcast statements? ...........................................................
 
No
 
f
Grants to other organizations for lobbying purposes? ..........................................................
Yes
 
226,975
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
Yes
 
217,467
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
No
 
i
Other activities? ...................................................................................................................
Yes
 
 
j
Total. Add lines 1c through 1i ....................................................................................................
444,642
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
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
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
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."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
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? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
Schedule C, Part I-A POLITICAL CAMPAIGN ACTIVITIES THE UNIVERSITY DOES NOT ENGAGE IN DIRECT OR INDIRECT POLITICAL CAMPAIGN ACTIVITIES ON BEHALF OF OR IN OPPOSITION TO CANDIDATES FOR PUBLIC OFFICE. THEREFORE, THE UNIVERSITY DOES NOT INCUR ANY EXCISE TAX IMPOSED UNDER SECTION 4955 REPORTABLE ON IRS FORM 4720, RETURN OF CERTAIN EXCISE TAXES UNDER CHAPTERS 41 AND 42 OF THE INTERNAL REVENUE CODE.
Schedule C, Part II-B LOBBYING ACTIVITY THE UNIVERSITY ENGAGED IN LOBBYING ACTIVITIES BUT DID NOT MAKE A SECTION 501(H) LOBBYING EXPENDITURE ELECTION BY FILING FORM 5768. THE UNIVERSITY HAS ENGAGED IN DIRECT INTERACTION WITH LEGISLATORS AND STAFF BY TELEPHONE, EMAIL, DIRECT MAIL AND IN PERSON. LOBBYING DISCLOSURES FOR FORM 990 JULY 1, 2015 THROUGH JUNE 30, 2016: ISSUES LOBBIED AT THE FEDERAL LEVEL INCLUDE: -ISSUES RELATED TO EXPANSION AND SIMPLIFICATION OF TUITION TAX CREDITS AND DEDUCTIONS, EXTENSION OF IRA CHARITABLE ROLL-OVER PROVISION AND RELATED CHARITABLE GIVING INCENTIVES -ISSUES REGARDING TAX ADMINISTRATION, EMPLOYEE BENEFITS AND HEALTH CARE REFORM -ISSUES RELATED TO COLLEGE AND UNIVERSITY ENDOWMENTS -BUDGET AND APPROPRIATIONS FOR STUDENT FINANCIAL AID AND RESEARCH WITH NIH, NSF, DOD, DOE, NASA, EPA, HUD, TRANSPORTATION, INTERIOR, AND HHS -IMMIGRATION LEGISLATION AND STUDENT VISA ISSUES -EDUCATION AND STUDENT LENDING ISSUES, SPECIFICALLY HEA REAUTHORIZATION, DIRECT LENDING, PELL GRANT FUNDING, CONSUMER DISCLOSURES, STEM EDUCATION, PERKINS LOANS, COLLEGE COST, ACCOUNTABILITY, GRADUATE EDUCATION, INTERNATIONAL EDUCATION, CAMPUS SAFETY, AND VETERANS AND MILITARY EDUCATION ISSUES -LEGISLATION CONCERNING MUSEUMS AND HUMANITIES ISSUES -LEGISLATION CONCERNING SCIENCE POLICY AND THE AUTHORIZATION FOR VARIOUS SCIENCE AGENCIES, INCLUDING OSTP, NSF, NASA, ENERGY'S OFFICE OF SCIENCE AND OTHER AGENCIES ISSUES LOBBIED FOR THE COMMONWEALTH OF MASSACHUSETTS INCLUDE: -ISSUES RELATED TO TAX POLICY REGARDING NON-PROFITS -ISSUES RELATED TO PRIVATE HIGHER EDUCATION ENDOWMENT FUNDS -ISSUES RELATED TO MUNICIPAL RELIEF FUNDS -ISSUES RELATED TO REPORTING REQUIREMENTS FOR NON-PROFITS -ISSUES RELATED TO CAMPUS SEXUAL ASSAULT
Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE UNIVERSITY PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES.
Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE UNIVERSITY PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES.
Schedule C (Form 990 or 990EZ) 2015


Additional Data


Software ID: 15000238
Software Version: 2015v3.0

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on 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
2015
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .... 37  
2 Aggregate value of contributions to (during year) 32,086,762  
3 Aggregate value of grants from (during year) 27,315,361  
4 Aggregate value at end of year .... 195,430,058  
5
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? ...........
6
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? ............................
Part II
Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
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.
Held at the End of the 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  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
8
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)? .............................
9
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" on Form 990, Part IV, line 8.
1a
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.
b
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 on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
2
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:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
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) 2015

Schedule D (Form 990) 2015
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
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):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
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?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c 0
d Additions during the year ............................ 1d 9,508,020
e Distributions during the year .......................... 1e 9,508,020
f Ending balance ................................ 1f 0
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
b
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" on Form 990, Part IV, line 10.
(a)Current year (b)Prior year (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 36,428,531,000 35,259,921,000 31,627,772,000 29,733,245,000 30,974,930,000
b Contributions ... 470,076,000 1,011,117,000 736,006,000 320,079,000 305,850,000
c Net investment earnings, gains, and losses -602,930,000 1,892,160,000 4,529,290,000 3,159,164,000 708,000
d Grants or scholarships ... 257,659,000 250,265,000 253,540,000 242,576,000 239,374,000
e Other expenditures for facilities
and programs ... 		1,275,992,000 1,288,277,000 1,192,682,000 1,168,178,000 1,172,548,000
f Administrative expenses .... 204,952,000 196,125,000 186,925,000 173,962,000 136,321,000
g End of year balance ...... 34,557,074,000 36,428,531,000 35,259,921,000 31,627,772,000 29,733,245,000
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet16.5 %
b
Permanent endowment SchDMd Bullet21 %
c
Temporarily restricted endowment SchDMd Bullet62.5 %
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations .................
3a(i)
Yes
 
(ii) related organizations .................
3a(ii)
Yes
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
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' on 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 ...   649,333,000 649,333,000
b Buildings   7,780,899,000 3,440,759,000 4,340,140,000
c Leasehold improvements   251,537,000   251,537,000
d Equipment ...   1,164,116,000 867,216,000 296,900,000
e Other ... 15,796,000 675,017,000   690,813,000
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 6,228,723,000
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c)Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) PRIVATE EQUITIES 		7,211,570,000 F

(B) REAL ASSETS 		14,368,215,000 F
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 21,579,785,000
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' on 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
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1) COLLATERAL ADVANCED UNDER SECURITY BORROWING AGREEMENTS 7,320,601,000
(2) INVESTMENT IN TRUSTS HELD BY OTHERS 355,835,000
(3) OTHER INVESTMENTS 1,148,861,000
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 8,825,297,000
Part X
Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
SECURITIES LENDING/ OTHER INVESTMENT LIABILITIES 25,057,362,000
GOVERNMENT LOAN ADVANCES 70,296,000
LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 791,202,000
DEPOSITS AND OTHER LIABILITIES 309,465,000
ACCRUED RETIREMENT OBLIGATIONS 1,243,845,000
DUE TO CONSOLIDATED ORGANIZATIONS 85,473,000
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 27,557,643,000
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) 2015

Schedule D (Form 990) 2015
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on 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' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d.................... 2e  
3 Subtract line 2e from line 1................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b..................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  

Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
Schedule D, Part III, Line 1a Collections of art - financial statement footnote THE UNIVERSITY'S VAST ARRAY OF MUSEUMS AND LIBRARIES CONTAINS PRICELESS WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS, AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICE. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES.
Schedule D, Part III, Line 4 Collections of art - description of collections HARVARD ART MUSEUMS: THE HARVARD ART MUSEUMS ARE THREE MUSEUMS (FOGG MUSEUM, BUSCH-REISINGER MUSEUM, ARTHUR M. SACKLER MUSEUM) AND FOUR RESEARCH CENTERS (STRAUS CENTER FOR CONSERVATION AND TECHNICAL STUDIES, CENTER FOR THE TECHNICAL STUDY OF MODERN ART, HARVARD ART MUSEUM ARCHIVES, ARCHAEOLOGICAL EXPLORATION OF SARDIS, TURKEY). THE MUSEUMS' COLLECTION CONSISTS OF MORE THAN 250,000 OBJECTS IN ALL MEDIA, RANGING IN DATE FROM ANTIQUITY TO THE PRESENT WITH WORLDWIDE ORIGINS. THE COLLECTION IS AN IMPORTANT RESOURCE FOR THE HARVARD UNIVERSITY COMMUNITY, AS WELL AS TO A BROADER AUDIENCE OF STUDENTS, SCHOLARS, AND THE GENERAL PUBLIC. IT IS USED TO ADVANCE THE KNOWLEDGE AND APPRECIATION OF ART AND ART MUSEUMS THROUGH PROGRAMS INVOLVING RESEARCH, TEACHING, PROFESSIONAL TRAINING, AND PUBLIC EDUCATION. ARNOLD ARBORETUM: THE ARNOLD ARBORETUM OF HARVARD UNIVERSITY IS THE OLDEST PUBLIC ARBORETUM IN NORTH AMERICA AND ONE OF THE WORLD'S LEADING CENTERS FOR THE STUDY OF PLANTS. ADMINISTERED BY THE OFFICE OF THE PROVOST OF HARVARD UNIVERSITY AND A LINK IN BOSTON'S EMERALD NECKLACE OF PARKS, THE ARNOLD ARBORETUM IS A UNIQUE BLEND OF RESPECTED RESEARCH INSTITUTION AND BELOVED PUBLIC LANDSCAPE. WE PROVIDE AND SUPPORT WORLD-CLASS RESEARCH, HORTICULTURE, AND EDUCATION PROGRAMS THAT FOSTER THE UNDERSTANDING, APPRECIATION, AND PRESERVATION OF TREES. COLLECTION OF HISTORICAL SCIENTIFIC INSTRUMENTS: HARVARD UNIVERSITY HAS BEEN ACQUIRING SCIENTIFIC INSTRUMENTS ON A CONTINUOUS BASIS FOR TEACHING AND RESEARCH SINCE 1672. THE COLLECTION OF HISTORICAL SCIENTIFIC INSTRUMENTS, WHICH WAS ESTABLISHED IN 1948 TO PRESERVE THIS APPARATUS AS A RESOURCE FOR TEACHING AND RESEARCH IN THE HISTORY OF SCIENCE AND TECHNOLOGY, HAS BECOME ONE OF THE THREE LARGEST UNIVERSITY COLLECTIONS OF ITS KIND IN THE WORLD. IT CONTAINS OVER 20,000 OBJECTS DATING FROM ABOUT 1400 TO THE PRESENT. A BROAD RANGE OF SCIENTIFIC DISCIPLINES ARE REPRESENTED, INCLUDING ASTRONOMY, NAVIGATION, HOROLOGY, SURVEYING, GEOLOGY, CALCULATING, PHYSICS, BIOLOGY, MEDICINE, PSYCHOLOGY, ELECTRICITY, AND COMMUNICATION. SIGNIFICANT INSTRUMENTS, MADE OBSOLETE BY NEW TECHNOLOGIES, CONTINUE TO BE INCORPORATED. MANY OF THE DOCUMENTS DETAILING THE PURCHASE AND USE OF THE INSTRUMENTS HAVE BEEN PRESERVED, AND ARE AVAILABLE FOR RESEARCH IN THE COLLECTION'S ADJUNCT LIBRARY. MUSEUM OF COMPARATIVE ZOOLOGY (WITHIN THE MUSEUM OF NATURAL HISTORY): THE MUSEUM OF COMPARATIVE ZOOLOGY (THE MCZ) WAS FOUNDED IN 1859 ON THE CONCEPT THAT COLLECTIONS ARE AN INTEGRAL AND FUNDAMENTAL COMPONENT OF ZOOLOGICAL RESEARCH AND TEACHING. THIS 150-YEAR-OLD COMMITMENT REMAINS A STRONG AND PROUD TRADITION FOR THE MCZ. THE PRESENT-DAY MCZ CONTAINS OVER 21 MILLION SPECIMENS IN TEN RESEARCH COLLECTIONS WHICH COMPRISE ONE OF THE WORLD'S RICHEST AND MOST VARIED RESOURCES FOR STUDYING THE DIVERSITY OF LIFE. THE MUSEUM SERVES AS THE PRIMARY REPOSITORY FOR ZOOLOGICAL SPECIMENS COLLECTED BY PAST AND PRESENT HARVARD FACULTY-CURATORS, STAFF AND ASSOCIATES CONDUCTING RESEARCH AROUND THE WORLD. AS A PREMIER UNIVERSITY MUSEUM AND RESEARCH INSTITUTION, THE SPECIMENS AND THEIR RELATED DATA ARE AVAILABLE TO RESEARCHERS OF THE SCIENTIFIC AND MUSEUM COMMUNITY. USE OF THE COLLECTIONS IN STUDENT RESEARCH IS ALSO ENCOURAGED. FISHER MUSEUM HARVARD FOREST: THE FISHER MUSEUM'S MAIN EXHIBIT DISPLAYS TWENTY-THREE INTERNATIONALLY ACCLAIMED MODELS (DIORAMAS) PORTRAYING THE HISTORY, CONSERVATION AND MANAGEMENT OF CENTRAL NEW ENGLAND FORESTS. OTHER EXHIBITS AT THE MUSEUM REPRESENT THE RANGE OF HARVARD FOREST'S RESEARCH. HARVARD UNIVERSITY HERBARIA (WITHIN MUSEUM OF NATURAL HISTORY): THE HARVARD UNIVERSITY HERBARIA ARE AMONG SOME SEVERAL THOUSAND COLLECTIONS OF PRESSED, DRIED PLANT SPECIMENS WORLDWIDE THAT ARE USED BY RESEARCHERS TO FURTHER OUR UNDERSTANDING OF THE PLANT WORLD. SOME OF THE EARLIEST HERBARIA WERE FOUNDED IN EUROPE IN THE EARLY 1600'S, DURING THE DAYS OF EXPLORATION, WHEN KNOWLEDGE OF THE EARTH'S FLORA WAS GROWING AT SUCH A RAPID PACE THAT BOTANICAL GARDENS COULD NO LONGER MAINTAIN LIVING EXAMPLES OF EVERY KNOWN SPECIES. WHILE HERBARIUM COLLECTIONS OF ALL SIZES EXIST TODAY, THERE ARE FEWER THAN 75 HERBARIA WORLDWIDE WITH MORE THAN ONE MILLION SPECIMENS. HERBARIUM COLLECTIONS HAVE BEEN BUILT BY THE EFFORTS OF NUMEROUS BOTANISTS AND PLANT COLLECTORS WHO SEARCHED FROM REMOTE AND ISOLATED JUNGLES TO INNER CITY WASTE LOTS AND RAILROAD TRACKS TO DOCUMENT THE DIVERSITY AND DISTRIBUTION OF THE EARTH'S FLORA. REPRESENTATIVES OF MOST KNOWN SPECIES OF PLANTS CAN BE FOUND IN HERBARIA TODAY, CAREFULLY MOUNTED ON SHEETS OF ARCHIVAL QUALITY PAPER, LABELED WITH IMPORTANT INFORMATION ABOUT THEM, AND STORED ON SHELVES IN CABINETS. IN ESSENCE, A HERBARIUM IS ANALOGOUS TO A LIBRARY OF CAREFULLY PRESERVED PLANTS WHERE THE SPECIMENS THEMSELVES AND THE LABELS ASSOCIATED WITH THEM PROVIDE A WEALTH OF INFORMATION ONCE THEY HAVE BEEN "READ" AND STUDIED BY SCIENTISTS. THE SPECIMENS ARE THE KEY TO UNDERSTANDING PLANT RELATIONSHIPS, GEOGRAPHIC DISTRIBUTIONS, ECONOMIC USEFULNESS, EVEN THEIR MOLECULAR MAKEUP. AS WE LOSE NATURAL HABITATS THE WORLD OVER, HERBARIA INCREASINGLY SERVE AS A RECORD OF THE RECENT HISTORY OF PLANT LIFE, AND AS A REPOSITORY OF PRECIOUS GENETIC INFORMATION. HERBARIA HOLD THE TOOLS FOR OUR UNDERSTANDING OF THE PLANT WORLD. MINERALOGICAL AND GEOLOGICAL MUSEUM (WITHIN MUSEUM OF NATURAL HISTORY): THE HARVARD MINERAL COLLECTION RANKS AMONG THE WORLD'S FINEST DUE TO ITS VERY BROAD REPRESENTATION, WEALTH OF RARE SPECIES; LARGE NUMBER OF SPECIMENS DESCRIBED IN THE SCIENTIFIC LITERATURE; AND THE QUALITY OF ITS DISPLAY SPECIMENS. A RICH SYSTEMATIC MINERAL COLLECTION AND DISPLAYS OF GEMSTONES ARE THE PRINCIPAL EXHIBITS IN THE MINERAL GALLERY. THE MUSEUM IS COMMITTED TO THE DEVELOPMENT AND PRESERVATION OF WORLD-CLASS COLLECTIONS OF MINERALS, GEMS, ROCKS, ORES, AND METEORITES FOR RESEARCH, EDUCATION, AND PUBLIC DISPLAY. ITS EARLIEST COLLECTIONS DATE BACK TO THE LATE 18TH CENTURY. THE MUSEUM CATERS TO THE HARVARD STUDENTS AND FACULTY AS WELL AS THE GEOLOGICAL COMMUNITY AT LARGE BY SERVING AS A UNIQUELY RICH RESOURCE OF MATERIALS AND INFORMATION. PEABODY MUSEUM OF ARCHAEOLOGY AND ETHNOLOGY: THE PEABODY MUSEUM OF ARCHAEOLOGY AND ETHNOLOGY IS STEWARD TO ONE OF THE OLDEST AND LARGEST COLLECTIONS OF CULTURAL OBJECTS IN THE WESTERN HEMISPHERE. SINCE THE LATE NINETEENTH CENTURY, THE MUSEUM HAS PLAYED AN ACTIVE PART IN THE HISTORY OF AMERICAN ANTHROPOLOGY AND IN THE EVOLVING RELATIONSHIP BETWEEN MUSEUMS AND NATIVE PEOPLES. THE PEABODY STRIVES TO MAKE COLLECTIONS WIDELY ACCESSIBLE AND ENGAGE ISSUES OF CONCERN TO DIVERSE AUDIENCES. TODAY, THE PEABODY HOUSES MORE THAN SIX MILLION INDIVIDUAL OBJECTS, 500,000 PHOTOGRAPHIC IMAGES, AND SUBSTANTIAL ARCHIVAL RECORDS. STRONGEST IN THE CULTURES OF NORTH, CENTRAL, AND SOUTH AMERICA, AND THE PACIFIC ISLANDS, THE PEABODY IS ALSO CARETAKER TO IMPORTANT COLLECTIONS FROM AFRICA, EUROPE, AND ASIA. COLLECTION TYPES INCLUDE ARCHAEOLOGY; ETHNOGRAPHY; OSTEOLOGY; AND PAINTING, DRAWING, AND PRINTS. SEMITIC MUSEUM: THE SEMITIC MUSEUM IS HOME TO THE UNIVERSITY'S COLLECTIONS OF NEAR EASTERN ARCHAEOLOGICAL ARTIFACTS. THESE ARTIFACTS COMPRISE OVER 40,000 ITEMS, INCLUDING POTTERY, CYLINDER SEALS, SCULPTURE, COINS AND CUNEIFORM TABLETS. MANY ARE FROM MUSEUM-SPONSORED EXCAVATIONS IN ISRAEL, JORDAN, IRAQ, EGYPT, CYPRUS, AND TUNISIA. THE MUSEUM IS DEDICATED TO THE USE OF THESE COLLECTIONS FOR THE TEACHING, RESEARCH, AND PUBLICATION OF NEAR EASTERN ARCHAEOLOGY, HISTORY, AND CULTURE. WARREN ANATOMICAL MUSEUM: THE WARREN ANATOMICAL MUSEUM'S PRESENT COLLECTION CONTAINS APPROXIMATELY 15,000 ARTIFACTS AND CASES INCLUDING: ANATOMICAL AND PATHOLOGICAL PREPARATIONS; VARIOUS WAX, PAPER MACHE, AND DRY PREPARATION ANATOMICAL MODELS; PHOTOGRAPHS, PRINTS, PAINTINGS, AND DRAWINGS; MEDICAL INSTRUMENTS AND MACHINES; AND OTHER MEDICAL MEMORABILIA. ALONG WITH THE WELL-KNOWN SKULL OF PHINEAS GAGE, THE MUSEUM HOLDS MANY OTHER RARE AND INTERESTING ITEMS. AMONG THESE ARE THE PHRENOLOGICAL COLLECTION OF JOHANN GASPAR SPURZHEIM, THE BOSTON SOCIETY FOR MEDICAL IMPROVEMENT COLLECTION, AND A W. T. G. MORTON-TYPE ETHER INHALER. THE MUSEUM PROMOTES THE COLLECTION FOR THE PURPOSES OF MEDICAL EDUCATION IN ALL FORMS WHENEVER POSSIBLE, BY EXPANDING ITS SCOPE TO PROVIDE PUBLIC PROGRAMMING AND EDUCATIONAL RESOURCES TO THE LARGER COMMUNITY. CARPENTER CENTER FOR THE VISUAL ARTS: CARPENTER CENTER FOR THE VISUAL ARTS IS DEDICATED TO THE SYNTHESIS OF ART, DESIGN, AND EDUCATION THROUGH THE EXHIBITION OF EXISTING WORKS AND PRODUCTION OF NEW COMMISSIONS. IT STRIVES TO BRING PEOPLE, IDEAS, AND OBJECTS TOGETHER IN GENERATIVE WAYS THAT PROVIDE UNPARALLELED EXPERIENCES WITH CONTEMPORARY ART, ULTIMATELY ENRICHING THE CREATIVE AND INTELLECTUAL LIVES OF THEIR AUDIENCES.
Schedule D, Part IV, Line 1b Agent, trustee, custodian, or other intermediary arrangement AGENCY FUNDS REPRESENT AWARDS UNDER WHICH HARVARD SERVES AS AN INTERMEDIARY AGENT BETWEEN THE SPONSOR (USUALLY FEDERAL) AND THE ULTIMATE THIRD PARTY RECIPIENT. THE TRANSFER OF THE ASSETS TO HARVARD IS NOT A CONTRIBUTION RECEIVED BY HARVARD AND THE TRANSFER OF ASSETS TO THE RECIPIENT IS NOT A CONTRIBUTION MADE BY HARVARD. HARVARD DRAWS DOWN ON ITS FEDERAL LINES OF CREDIT MONTHLY TO COVER THOSE COSTS INCURRED ON FEDERAL AWARDS. THEREFORE, THERE IS NO BEGINNING OR ENDING BALANCE FOR THESE AGENCY FUNDS.
Schedule D, Part V, Line 4 Intended uses of endowment funds THE PRIMARY GOAL OF THE ENDOWMENT IS TO SUPPORT THE UNIVERSITY'S TEACHING AND RESEARCH MISSION.
Schedule D (Form 990) 2015


Additional Data


Software ID: 15000238
Software Version: 2015v3.0




SCHEDULE E(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Schools

Right pointing arrow large imageComplete if the organization answered "Yes" on 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 2015Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
YES
NO
1
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? . . . . . . . . . . . . . . . . . . .
1
Yes
 
2
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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Yes
 
3
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. . . . . . . . . . . . . . . . . . . . . . . . .
3
 
No
 
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff? . . . . . . . . .
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . .
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . . . . . . .
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5a
 
No
b
Admissions policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5b
 
No
c
Employment of faculty or administrative staff? . . . . . . . . . . . . . . . . . . . . . . . . .
5c
 
No
d
Scholarships or other financial assistance? . . . . . . . . . . . . . . . . . . . . . . . . . .
5d
 
No
e
Educational policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5e
 
No
f
Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5f
 
No
g
Athletic programs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5g
 
No
h
Other extracurricular activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? . . . . . . . . . .
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? . . . . . . . . . . . . . . . .
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
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. . . . . . . . .
7
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) (2015)
Schedule E (Form 990 or 990EZ) (2015)
Page 2
Part II
Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide
any other additional information (see instructions).
Return Reference Explanation
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE ORGANIZATION MEETS THE CRITERIA ESTABLISHED IN SECTION 4.0 REVENUE PROCEDURE 75-50. THE UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. IT SATISFIES THE PUBLICITY REQUIREMENT BY INCLUDING A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. IT ALSO REFERENCES ITS RACIALLY NONDISCRIMINATORY POLICY IN OTHER WRITTEN ADVERTISING THAT IT USES AS A MEANS OF INFORMING PROSPECTIVE STUDENTS OF ITS PROGRAMS.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THIS ORGANIZATION RECEIVES FUNDS FOR RESEARCH AND ADMINISTERS FEDERAL AID PROGRAMS TO STUDENTS ENROLLED IN POST-SECONDARY EDUCATION.
Schedule E (Form 990 or 990-EZ) (2015)
Additional Data


Software ID: 15000238
Software Version: 2015v3.0
SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.Right pointing arrow large image Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 14b.
1
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? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
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     Fundraising   28,309
Central America and the Caribbean     Grantmaking   54,254
Central America and the Caribbean     Investments   243,242,557
Central America and the Caribbean     Program Services UNIVERSITY ACTIVITIES 468,279
East Asia and the Pacific     Fundraising   1,046,703
East Asia and the Pacific     Grantmaking   1,986,111
East Asia and the Pacific     Investments   858,368,288
East Asia and the Pacific 3 14 Program Services UNIVERSITY ACTIVITIES 13,226,951
Europe (Including Iceland and Greenland)     Fundraising   664,737
Europe (Including Iceland and Greenland)     Grantmaking   6,397,865
Europe (Including Iceland and Greenland)     Investments   391,703,752
Europe (Including Iceland and Greenland) 1 14 Program Services UNIVERSITY ACTIVITIES 17,858,854
Middle East and North Africa     Fundraising   199,669
Middle East and North Africa     Grantmaking   427,528
Middle East and North Africa     Investments   39,302,374
Middle East and North Africa 1 11 Program Services UNIVERSITY ACTIVITIES 4,279,314
North America (Canada & Mexico only)     Fundraising   249,729
North America (Canada & Mexico only)     Grantmaking   1,231,902
North America (Canada & Mexico only)     Investments   195,237,569
North America (Canada & Mexico only)   8 Program Services UNIVERSITY ACTIVITIES 3,631,706
Russia and Neighboring States     Grantmaking   150,427
Russia and Neighboring States     Investments   147,768,197
Russia and Neighboring States     Program Services UNIVERSITY ACTIVITIES 173,846
South America     Fundraising   190,858
South America     Grantmaking   1,410,879
South America     Investments   67,917,985
South America     Program Services UNIVERSITY ACTIVITIES 2,332,687
South Asia     Fundraising   53,661
South Asia     Grantmaking   2,191,369
South Asia     Investments   131,963,429
South Asia     Program Services UNIVERSITY ACTIVITIES 3,117,020
Sub-Saharan Africa     Fundraising   6,760
Sub-Saharan Africa     Grantmaking   9,305,552
Sub-Saharan Africa     Investments   30,855,198
Sub-Saharan Africa   8 Program Services UNIVERSITY ACTIVITIES 5,114,562
3a Sub-total ..... 5 39 1,579,255,545
b Total from continuation sheets to Part I ... 0 16 602,903,336
c Totals (add lines 3a and 3b) 5 55 2,182,158,881
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (a)(c) Region (b)(d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 312,544 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 299,067 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 176,410 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 166,937 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 79,979 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 70,890 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 51,284 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 41,613 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 39,279 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 38,847 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 33,787 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 33,720 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 33,150 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 26,999 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 26,991 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 24,868 EFT OR CHECK      
East Asia and the Pacific SPONSORED RESEARCH SUB-AWARD 18,417 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 649,743 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 354,928 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 286,070 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 276,580 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 244,785 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 203,000 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 191,427 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 167,467 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 135,784 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 120,791 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 115,000 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 84,795 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 73,940 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 73,409 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 72,032 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 66,891 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 59,062 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 56,778 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 56,749 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 55,297 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 53,289 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 40,000 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 34,402 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 27,354 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 25,652 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 24,917 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 22,312 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 21,600 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 20,334 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 19,845 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 15,000 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 15,000 EFT OR CHECK      
Europe (Including Iceland and Greenland) SPONSORED RESEARCH SUB-AWARD 6,053 EFT OR CHECK      
Middle East and North Africa SPONSORED RESEARCH SUB-AWARD 187,952 EFT OR CHECK      
Middle East and North Africa SPONSORED RESEARCH SUB-AWARD 27,138 EFT OR CHECK      
Middle East and North Africa SPONSORED RESEARCH SUB-AWARD 10,887 EFT OR CHECK      
Middle East and North Africa SPONSORED RESEARCH SUB-AWARD 9,612 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 200,414 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 169,608 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 125,265 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 115,608 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 74,306 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 64,704 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 24,363 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 23,844 EFT OR CHECK      
North America (Canada & Mexico only) SPONSORED RESEARCH SUB-AWARD 20,625 EFT OR CHECK      
Russia and Neighboring States SPONSORED RESEARCH SUB-AWARD 95,783 EFT OR CHECK      
Russia and Neighboring States SPONSORED RESEARCH SUB-AWARD 43,007 EFT OR CHECK      
South America SPONSORED RESEARCH SUB-AWARD 1,232,994 EFT OR CHECK      
South America SPONSORED RESEARCH SUB-AWARD 51,588 EFT OR CHECK      
South America SPONSORED RESEARCH SUB-AWARD 5,080 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 703,681 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 293,240 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 278,698 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 161,956 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 150,371 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 145,357 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 97,786 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 75,681 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 71,292 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 23,458 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 20,428 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 20,005 EFT OR CHECK      
South Asia SPONSORED RESEARCH SUB-AWARD 11,000 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 6,144,353 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 810,517 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 484,457 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 453,678 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 303,604 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 193,839 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 187,081 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 159,522 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 151,369 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 86,266 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 73,021 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 42,564 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 32,854 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 21,269 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 13,740 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 12,298 EFT OR CHECK      
Sub-Saharan Africa SPONSORED RESEARCH SUB-AWARD 6,496 EFT OR CHECK      
2 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
25
3 Enter total number of other organizations or entities .......................MediumBullet
73
Schedule F (Form 990) 2015
Schedule F (Form 990) 2015Page 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)
Graduate Student Stipend Grants East Asia and the Pacific 26 169,159 EFT OR CHECK      
Graduate Student Stipend Grants Europe (Including Iceland and Greenland) 11 32,273 EFT OR CHECK      
Graduate Student Stipend Grants North America (Canada & Mexico only) 8 25,329 EFT OR CHECK      
Graduate Student Stipend Grants South America 2 3,300 EFT OR CHECK      
Graduate Student Stipend Grants South Asia 2 11,306 EFT OR CHECK      
Graduate Student Stipend Grants Sub-Saharan Africa 7 13,069 EFT OR CHECK      
Stipends for Post-Doctoral Students and Fellows East Asia and the Pacific 4 116,500 EFT OR CHECK      
Stipends for Post-Doctoral Students and Fellows Europe (Including Iceland and Greenland) 17 549,018 EFT OR CHECK      
Stipends for Post-Doctoral Students and Fellows North America (Canada & Mexico only) 1 67,000 EFT OR CHECK      
Stipends for Post-Doctoral Students and Fellows South America 2 42,000 EFT OR CHECK      
Stipends for Post-Doctoral Students and Fellows South Asia 1 1,000 EFT OR CHECK      
Stipends for Post-Doctoral Students and Fellows Sub-Saharan Africa 1 3,700 EFT OR CHECK      
Grants and Awards to Non-Harvard Students Central America and the Caribbean 9 24,624 EFT OR CHECK      
Grants and Awards to Non-Harvard Students East Asia and the Pacific 7 89,768 EFT OR CHECK      
Grants and Awards to Non-Harvard Students Europe (Including Iceland and Greenland) 52 1,570,676 EFT OR CHECK      
Grants and Awards to Non-Harvard Students Middle East and North Africa 5 145,494 EFT OR CHECK      
Grants and Awards to Non-Harvard Students North America (Canada & Mexico only) 11 68,084 EFT OR CHECK      
Grants and Awards to Non-Harvard Students Russia and Neighboring States 1 1,100 EFT OR CHECK      
Grants and Awards to Non-Harvard Students South America 7 14,068 EFT OR CHECK      
Grants and Awards to Non-Harvard Students South Asia 7 16,500 EFT OR CHECK      
Grants and Awards to Non-Harvard Students Sub-Saharan Africa 6 31,522 EFT OR CHECK      
Student Prizes and Awards Central America and the Caribbean 2 15,908 EFT OR CHECK      
Student Prizes and Awards East Asia and the Pacific 10 32,702 EFT OR CHECK      
Student Prizes and Awards Europe (Including Iceland and Greenland) 25 89,528 EFT OR CHECK      
Student Prizes and Awards Middle East and North Africa 7 11,826 EFT OR CHECK      
Student Prizes and Awards North America (Canada & Mexico only) 27 74,801 EFT OR CHECK      
Student Prizes and Awards South America 8 33,785 EFT OR CHECK      
Student Prizes and Awards South Asia 4 16,180 EFT OR CHECK      
Student Prizes and Awards Sub-Saharan Africa 4 13,900 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards East Asia and the Pacific 13 36,269 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards Europe (Including Iceland and Greenland) 14 366,774 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards North America (Canada & Mexico only) 11 19,015 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards South America 1 1,600 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards South Asia 2 8,215 EFT OR CHECK      
Other Undergraduate Grants, Prizes, and Awards Sub-Saharan Africa 3 4,150 EFT OR CHECK      
Student Loan Repayment Programs and Forgiven Loans Central America and the Caribbean 2 13,722 EFT OR CHECK      
Student Loan Repayment Programs and Forgiven Loans East Asia and the Pacific 10 66,932 EFT OR CHECK      
Student Loan Repayment Programs and Forgiven Loans Europe (Including Iceland and Greenland) 13 119,309 EFT OR CHECK      
Student Loan Repayment Programs and Forgiven Loans Middle East and North Africa 3 34,619 EFT OR CHECK      
Student Loan Repayment Programs and Forgiven Loans North America (Canada & Mexico only) 13 158,936 EFT OR CHECK      
Student Loan Repayment Programs and Forgiven Loans Russia and Neighboring States 5 10,537 EFT OR CHECK      
Student Loan Repayment Programs and Forgiven Loans South America 6 26,464 EFT OR CHECK      
Student Loan Repayment Programs and Forgiven Loans South Asia 21 85,215 EFT OR CHECK      
Student Loan Repayment Programs and Forgiven Loans Sub-Saharan Africa 6 62,283 EFT OR CHECK      
Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
Page 4
Part IV
Foreign Forms
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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately 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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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). . . . . . . . . . . . . . . . . . . . . . . . . . . .
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) .
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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 separately file Form 5713, International Boycott Report (see Instructions for Form 5713).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
ReturnReference Explanation
Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds ALL DISBURSEMENTS MADE BY THIS INSTITUTION IN FURTHERANCE OF ITS EXEMPT PROGRAMS ARE REVIEWED AND APPROVED BY DULY AUTHORIZED COMMITTEES OR INDIVIDUALS. ALL SCHOLARSHIPS AND STUDENT LOANS ARE REVIEWED AND APPROVED BY HARVARD'S FINANCIAL AID OFFICES. IN ADDITION, HARVARD UNIVERSITY IS RESPONSIBLE FOR THE PROGRAMMATIC AND FINANCIAL MONITORING OF ITS SPONSORED RESEARCH AWARD SUBRECIPIENTS. PRINCIPAL INVESTIGATORS AND PROJECT STAFF PERFORM ONGOING REVIEWS OF PROJECT ACTIVITIES. IN ADDITION, ON AN ANNUAL BASIS, UNIVERSITY RESEARCH ADMINISTRATORS REVIEW ALL ACTIVE SUBCONTRACTS AND INQUIRE FURTHER INTO THOSE THAT ARE DEEMED TO REQUIRE CLOSER SCRUTINY IN LIGHT OF A VARIETY OF ATTRIBUTES. UPON IDENTIFICATION OF SUBRECIPIENTS THAT MANDATE CLOSER SCRUTINY, HARVARD IMPLEMENTS ADDITIONAL MONITORING ACTIONS TO ENSURE COMPLIANCE WITH SUBAGREEMENT PERFORMANCE, FINANCIAL TERMS AND CONDITIONS, AND WITH ALL APPLICABLE FEDERAL RULES AND REGULATIONS.
Schedule F, Part I FOREIGN ACTIVITY AMOUNTS REPORTED ARE ESTIMATED BASED ON THE BEST AVAILABLE DATA. UNIVERSITY ACTIVITIES INCLUDE ACADEMIC SUPPORT, INSTITUTIONAL SUPPORT, INSTRUCTION, RESEARCH AND OTHER ACADEMIC ACTIVITY, SERVICE CENTERS, AND STUDENT SERVICES.
Schedule F, Part III GRANTS TO INDIVIDUALS AMOUNTS AND NUMBER OF RECIPIENTS LISTED ARE ESTIMATES BASED ON THE BEST AVAILABLE DATA.
Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS ALL DISBURSEMENTS MADE BY THIS INSTITUTION IN FURTHERANCE OF ITS EXEMPT PROGRAMS ARE REVIEWED AND APPROVED BY DULY AUTHORIZED COMMITTEES OR INDIVIDUALS. ALL SCHOLARSHIPS AND STUDENT LOANS ARE REVIEWED AND APPROVED BY HARVARD'S FINANCIAL AID OFFICES. IN ADDITION, HARVARD UNIVERSITY IS RESPONSIBLE FOR THE PROGRAMMATIC AND FINANCIAL MONITORING OF ITS SPONSORED RESEARCH AWARD SUBRECIPIENTS. PRINCIPAL INVESTIGATORS AND PROJECT STAFF PERFORM ONGOING REVIEWS OF PROJECT ACTIVITIES. IN ADDITION, ON AN ANNUAL BASIS, UNIVERSITY RESEARCH ADMINISTRATORS REVIEW ALL ACTIVE SUBCONTRACTS AND INQUIRE FURTHER INTO THOSE THAT ARE DEEMED TO REQUIRE CLOSER SCRUTINY IN LIGHT OF A VARIETY OF ATTRIBUTES. UPON IDENTIFICATION OF SUBRECIPIENTS THAT MANDATE CLOSER SCRUTINY, HARVARD IMPLEMENTS ADDITIONAL MONITORING ACTIONS TO ENSURE COMPLIANCE WITH SUBAGREEMENT PERFORMANCE, FINANCIAL TERMS AND CONDITIONS, AND WITH ALL APPLICABLE FEDERAL RULES AND REGULATIONS.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2015
Additional Data


Software ID: 15000238
Software Version: 2015v3.0



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" on 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 arrowAttach to Form 990 or Form 990-EZ.
right arrowInformation about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
Fundraising Activities. Complete if the organization answered "Yes" on Form 990, Part IV, line 17.
Form 990-EZ filers are not required to complete this part.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
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?
b
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) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
 
ANNE LOCKETT ENTERPRISES
12424 WILSHIRE BLVD
 
LOS ANGELES, CA90025 		PRIN. GIFTS   No 26,038,432 342,206 25,696,226
 
DANILLER AND CO
3724 JEFFERSON ST
 
AUSTIN, TX78731 		DIRECT MAIL   No 220,353 41,401 178,952
 
MCR INC
4800 EAST 345TH ST
 
WILLOUGHBY, OH44094 		DIRECT MAIL   No 166,800 20,144 146,656
 
LESTER INC
100 SOUTH SHORE DR
 
EAST HAVEN, CT06512 		PHONE SOLICIT.   No 114,805 27,784 87,021
 
JOHN BROWN LIMITED INC
PO BOX 623
 
KEENE, NH03431 		CONSULTING   No   316,748 -316,748
 
MARTS AND LUNDY INC
1200 WALL ST W
 
LYNDHURST, NJ07071 		COMMUNIC.   No   94,085 -94,085
 
ROMASH COMMUNICATIONS
1004 HIGHLAND DR
 
SILVER SPRING, MD20910 		CONSULTING   No   52,742 -52,742
 
BILL HAUSMAN
10 WALLACE RD
 
ROCKPORT, MA01966 		CONSULTING   No   28,606 -28,606
 
THOMAS P MCGILL
23 GUILFORD RD
 
MILTON, MA02186 		CONSULTING   No   16,500 -16,500
             
Total . . . . . . . . . . . . . . . . . . . . right arrow 26,540,390 940,216 25,600,174
3
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.
CA, IL, MA
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2015
Schedule G (Form 990 or 990-EZ) 2015
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" on 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.




VerticalRevenue
(a) Event #1

 
(event type) 		(b) Event #2

 
(event type) 		(c) Other events

 
(total number) 		(d) Total events
(add col. (a) through col. (c))

1
Gross receipts . . . . .
 
 
 
 

2
Less: Contributions . . . .
 
 
 
 
3 Gross income (line 1 minus
line 2) . . . . . .
 
 
 
 



VerticalDirectExpenses
4 Cash prizes . . . . .        
5 Noncash prizes . . . .        
6 Rent/facility costs . . . .        
7 Food and beverages . . .        
8 Entertainment . . . .        
9 Other direct expenses . . .        
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow  
11 Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . . right arrow  
Part III
Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue
(a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))

1
Gross revenue . . . . .
 
 
 
 
VerticalDirectExpenses

2
Cash prizes . . . . .
 
 
 
 

3
Noncash prizes . . . .
 
 
 
 

4
Rent/facility costs . . . .
 
 
 
 

5
Other direct expenses . . .
 
 
 
 


6

Volunteer labor . . . .
%
%
%


7
Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow
 

8
Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow
 

9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .
b
If "Yes," explain:
 
Schedule G (Form 990 or 990-EZ) 2015
Schedule G (Form 990 or 990-EZ) 2015
Page 3
11
Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .
12
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? . . . . . . . . . . . . . . . . .
13
Indicate the percentage of gaming activity conducted in:
a
The organization's facility . . . . . . . . . . . . . . . . . .
13a
%
b
An outside facility . . . . . . . . . . . . . . . . . . . .
13b
%
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? . . . . . . . . . . . . . . . . . . . . . . . .
b
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 $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? . . . . . . . . . . . . . . . . . . .
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also complete this part to provide any additional information (see instructions).
Return Reference Explanation
Schedule G, Part I, Line 2b(iv) GROSS RECEIPTS FROM ACTIVITY THE FUNDRAISING EFFORT IS A LONG TERM EFFORT OFTEN SPANNING YEARS AND DECADES TO BRING IN ONE GIFT. THE TOTAL LISTED HERE IS FOR CASH RECEIVED IN FY16, BUT THE DONOR(S) MAY HAVE MADE THE ORIGINAL PLEDGE(S) IN PRIOR YEARS. THE PROFESSIONAL FUNDRAISING SERVICES DETAILED IN LINE 2B, ACTIVITIES 5 THROUGH 9 ARE FOR CONSULTATION AND COMMUNICATIONS FOR GENERAL FUNDRAISING ACTIVITIES. THE SERVICES ARE NOT PROVIDED FOR A SPECIFIC EVENT OR ACTIVITY IN WHICH THERE IS A DIRECT CONNECTION BETWEEN THE FUNDRAISING ACTIVITY AND THE DONATIONS RECEIVED.
Schedule G (Form 990 or 990-EZ) 2015
Additional Data


Software ID: 15000238
Software Version: 2015v3.0
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," on 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
2015
Open to Public
Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number
04-2103580
Part I
General Information on Grants and Assistance
1
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? ........................
2
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" on 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) BRIGHAM AND WOMEN'S HOSPITAL
75 FRANCIS ST
BOSTON,MA02115 		04-2312909 IRC 501(C)(3) 16,258,735       RESEARCH SUB-AWARD
(2) MASSACHUSETTS GENERAL HOSPITAL
55 FRUIT ST
BOSTON,MA02114 		04-1564655 IRC 501(C)(3) 14,065,301       RESEARCH SUB-AWARD
(3) FRONTIER SCIENCE TECH RESEARCH FDN INC
4033 MAPLE RD
AMHERST,NY14226 		16-1056814 IRC 501(C)(3) 10,663,789       RESEARCH SUB-AWARD
(4) CHILDREN'S HOSPITAL CORP
300 LONGWOOD AVE
BOSTON,MA02115 		04-2774441 IRC 501(C)(3) 7,407,132       RESEARCH SUB-AWARD
(5) DANA-FARBER CANCER INST
450 BROOKLINE AVE BP418
BOSTON,MA02215 		04-2263040 IRC 501(C)(3) 6,637,378       RESEARCH SUB-AWARD
(6) BETH ISRAEL DEACONESS MEDICAL CTR
330 BROOKLINE AVE
BOSTON,MA02215 		04-2103881 IRC 501(C)(3) 5,106,017       RESEARCH SUB-AWARD
(7) THE BROAD INST
320 CHARLES ST
CAMBRIDGE,MA02141 		26-3428781 IRC 501(C)(3) 3,843,129       RESEARCH SUB-AWARD
(8) MASSACHUSETTS INST OF TECHNOLOGY
77 MASS AVE NE49-3142
CAMBRIDGE,MA02139 		04-2103594 IRC 501(C)(3) 3,386,224       RESEARCH SUB-AWARD
(9) AKONNI BIOSYSTEMS INC
400 SAGNER AVE STE 300
FREDERICK,MD21701 		16-1664925 NOT EXEMPT 2,929,748       RESEARCH SUB-AWARD
(10) POPULATION SERVICES INTERNATIONAL
1120 19TH ST NW STE 600
WASHINGTON,DC20036 		56-0942853 IRC 501(C)(3) 2,087,982       RESEARCH SUB-AWARD
(11) UNIVERSITY OF SOUTHERN CALIFORNIA
UNIVERSITY GARDENS-UGB 203
LOS ANGELES,CA90089 		95-1642394 IRC 501(C)(3) 1,868,908       RESEARCH SUB-AWARD
(12) REGENTS OF THE UNIVERSITY OF CALIFORNIA - SAN DIEGO
9500 GILMAN DR
LA JOLLA,CA92093 		95-6006144 IRC 501(C)(3) 1,615,055       SPONSORED RESEARCH SUB-AWARD
(13) JSI - JOHN SNOW RESEARCH AND TRAINING INST INC
44 FARNSWORTH ST
BOSTON,MA02210 		04-2679824 IRC 501(C)(3) 1,506,541       SPONSORED RESEARCH SUB-AWARD
(14) STANFORD UNIVERSITY
3145 PORTER DR
PALO ALTO,CA94304 		94-1156365 IRC 501(C)(3) 1,304,693       SPONSORED RESEARCH SUB-AWARD
(15) TRUSTEES OF BOSTON UNIVERSITY
25 BUICK ST
BOSTON,MA02215 		04-2103547 IRC 501(C)(3) 1,278,573       SPONSORED RESEARCH SUB-AWARD
(16) YALE UNIVERSITY
PO BOX 208239
NEW HAVEN,CT06520 		91-1864328 IRC 501(C)(3) 1,185,541       SPONSORED RESEARCH SUB-AWARD
(17) REGENTS OF THE UNIVERSITY OF MICHIGAN
500 S STATE ST
ANN ARBOR,MI48109 		38-6006309 IRC 501(C)(3) 1,139,859       SPONSORED RESEARCH SUB-AWARD
(18) WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY
1300 YORK AVE
NEW YORK,NY10065 		15-0532082 IRC 501(C)(3) 1,110,774       SPONSORED RESEARCH SUB-AWARD
(19) SMITHSONIAN ASTROPHYSICAL OBSERVATORY
60 GARDEN ST MS23
CAMBRIDGE,MA02138 		GOVERNMENTAL UNIT 1,109,975       SPONSORED RESEARCH SUB-AWARD
(20) TRUSTEES OF DARTMOUTH COLLEGE
6010 PARKHURST HALL STE 204
HANOVER,NH03755 		02-0222111 IRC 501(C)(3) 1,096,441       SPONSORED RESEARCH SUB-AWARD
(21) RESULTS FOR DEVELOPMENT INST
1111 19TH ST NW STE 700
WASHINGTON,DC20036 		20-8530747 IRC 501(C)(3) 1,070,733       SPONSORED RESEARCH SUB-AWARD
(22) WESTAT CORP
1600 RESEARCH BLVD
ROCKVILLE,MD20850 		84-0529566 NOT EXEMPT 1,042,313       SPONSORED RESEARCH SUB-AWARD
(23) ST JUDE CHILDREN'S RESEARCH HOSPITAL
262 DANNY THOMAS PL
MEMPHIS,TN38105 		62-0646012 IRC 501(C)(3) 1,012,040       SPONSORED RESEARCH SUB-AWARD
(24) COLUMBIA UNIVERSITY
1210 AMSTERDAM AVE MAIL CODE 2205
NEW YORK,NY10027 		13-5598093 IRC 501(C)(3) 958,727       SPONSORED RESEARCH SUB-AWARD
(25) TEXAS A&M UNIVERSITY
3000 BRIARCREST DR STE 101
BRYAN,TX77802 		74-2648747 IRC 115 908,366       SPONSORED RESEARCH SUB-AWARD
(26) THE RESEARCH FDN OF STATE UNIVERSITY OF NEW YORK
PO BOX 9
ALBANY,NY12201 		14-1368361 IRC 501(C)(3) 868,194       SPONSORED RESEARCH SUB-AWARD
(27) ANN AND ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO
225 E CHICAGO AVE
CHICAGO,IL60611 		36-2170833 IRC 501(C)(3) 853,259       SPONSORED RESEARCH SUB-AWARD
(28) INDIANA UNIVERSITY
400 E 7TH ST POPLARS RM 501
BLOOMINGTON,IN47405 		35-6001673 IRC 501(C)(3) 846,783       SPONSORED RESEARCH SUB-AWARD
(29) REGENTS OF THE UNIVERSITY OF MINNESOTA
1300 S 2ND ST STE 206
MINNEAPOLIS,MN55454 		41-6007513 IRC 501(C)(3) 833,776       SPONSORED RESEARCH SUB-AWARD
(30) BRONX-LEBANON HOSPITAL CTR
1276 FULTON AVE
BRONX,NY10456 		13-1974191 IRC 501(C)(3) 795,400       SPONSORED RESEARCH SUB-AWARD
(31) UNIVERSITY OF ILLINOIS
801 W TAYLOR ST RM 2236
CHICAGO,IL60607 		37-6000511 IRC 115 744,552       SPONSORED RESEARCH SUB-AWARD
(32) NEW YORK UNIVERSITY
105 EAST 17TH ST 4TH FL
NEW YORK,NY10003 		13-5562308 IRC 501(C)(3) 716,059       SPONSORED RESEARCH SUB-AWARD
(33) BAYLOR COLLEGE OF MEDICINE
ONE BAYLOR PLAZA
HOUSTON,TX77030 		74-1613878 IRC 501(C)(3) 681,695       SPONSORED RESEARCH SUB-AWARD
(34) UNIVERSITY OF MEDICINE AND DENTISTRY OF NEW JERSEY
185 SOUTH ORANGE AVE
NEWARK,NJ07103 		22-1775306 IRC 115 643,858       SPONSORED RESEARCH SUB-AWARD
(35) TULANE UNIVERSITY
6823 ST CHARLES AVE
NEW ORLEANS,LA70118 		72-0423889 IRC 501(C)(3) 639,707       SPONSORED RESEARCH SUB-AWARD
(36) EMORY UNIVERSITY
201 DOWMAN DR
ATLANTA,GA30322 		58-0566256 IRC 501(C)(3) 603,771       SPONSORED RESEARCH SUB-AWARD
(37) CALIFORNIA INST OF TECHNOLOGY
1200 E CALIFORNIA BLVD
PASADENA,CA91125 		95-1643307 IRC 501(C)(3) 602,845       SPONSORED RESEARCH SUB-AWARD
(38) UNIVERSITY OF MIAMI
PO BOX 248106
CORAL GABLES,FL33124 		59-0624458 IRC 501(C)(3) 588,564       SPONSORED RESEARCH SUB-AWARD
(39) UNIVERSITY OF FLORIDA
219 GRINTER HALL BOX 115500
GAINESVILLE,FL32605 		59-6002052 IRC 115 586,719       SPONSORED RESEARCH SUB-AWARD
(40) UNIVERSITY OF PUERTO RICO

PO BOX 363682
SAN JUAN,PR00936
RQ 		66-0433761 EXEMPT 585,959       SPONSORED RESEARCH SUB-AWARD
(41) TUFTS UNIVERSITY
169 HOLLAND ST
SOMERVILLE,MA02144 		04-2103634 IRC 501(C)(3) 563,005       SPONSORED RESEARCH SUB-AWARD
(42) HOWARD UNIVERSITY
2400 6TH ST NW
WASHINGTON,DC20059 		53-0204707 IRC 501(C)(3) 555,353       SPONSORED RESEARCH SUB-AWARD
(43) UNIVERSITY OF COLORADO
1201 LARIMER ST
DENVER,CO80204 		84-6000555 IRC 501(C)(3) 537,793       SPONSORED RESEARCH SUB-AWARD
(44) PURDUE UNIVERSITY
610 PURDUE MALL
WEST LAFAYETTE,IN47907 		35-6002041 IRC 115 516,243       SPONSORED RESEARCH SUB-AWARD
(45) BOARD OF REGENTS OF THE UNIV OF WI SYSTEM
122 LINDEN DR
MADISON,WI53706 		39-6006492 IRC 115 499,359       SPONSORED RESEARCH SUB-AWARD
(46) SOCIAL SCIENCE RESEARCH SOLUTIONS
53 WEST BALTIMORE PIKE
MEDIA,PA19063 		NOT EXEMPT 492,900       SPONSORED RESEARCH SUB-AWARD
(47) PRINCETON UNIVERSITY
701 CARNEGIE CTR STE 445
PRINCETON,NJ08540 		21-0634501 IRC 501(C)(3) 487,978       SPONSORED RESEARCH SUB-AWARD
(48) REGENTS OF THE UNIVERSITY OF CALIFORNIA SAN FRANCISCO
UCSF BOX 0248
SAN FRANCISCO,CA94143 		94-6036493 IRC 501(C)(3) 476,562       SPONSORED RESEARCH SUB-AWARD
(49) UNIVERSITY OF PITTSBURGH
4200 FIFTH AVE
PITTSBURGH,PA15260 		25-0965591 IRC 501(C)(3) 473,529       SPONSORED RESEARCH SUB-AWARD
(50) UNIVERSITY OF MASSACHUSETTS
140 HICKS WAY
AMHERST,MA01003 		04-3167352 IRC 115 468,195       SPONSORED RESEARCH SUB-AWARD
(51) BOSTON MEDICAL CTR
ONE BOSTON MEDICAL CTR PL
BOSTON,MA02118 		04-3314093 IRC 501(C)(3) 468,186       SPONSORED RESEARCH SUB-AWARD
(52) UNIVERSITY OF WASHINGTON
3917 UNIVERSITY WAY NE BOX 351122
SEATTLE,WA98105 		91-6001537 IRC 115 464,148       SPONSORED RESEARCH SUB-AWARD
(53) UNIVERSITY OF PENNSYLVANIA
3451 WALNUT ST
PHILADELPHIA,PA19104 		23-1352685 IRC 501(C)(3) 456,524       SPONSORED RESEARCH SUB-AWARD
(54) COMMUNITIES IN SCHOOLS OF NORTH CAROLINA
222 NORTH PERSON ST STE 102
RALEIGH,NC27601 		56-1677831 IRC 501(C)(3) 456,144       SPONSORED RESEARCH SUB-AWARD
(55) BRANDEIS UNIVERSITY
415 SOUTH ST MS NO 116
WALTHAM,MA02454 		04-2103552 IRC 501(C)(3) 455,401       SPONSORED RESEARCH SUB-AWARD
(56) CHILDREN'S DIAGNOSTIC AND TREATMENT CTR INC
1401 S FEDERAL HWY
FORT LAUDERDALE,FL33316 		65-1026739 IRC 501(C)(3) 425,597       SPONSORED RESEARCH SUB-AWARD
(57) BOARD OF TRUSTEES OF THE UNIV OF AL BIRMINGHAM
1530 3RD AVE SOUTH
BIRMINGHAM,AL35294 		63-6001138 IRC 501(C)(3) 422,691       SPONSORED RESEARCH SUB-AWARD
(58) UASPIRE
31 ST JAMES AVE STE 520
BOSTON,MA02116 		04-3564307 IRC 501(C)(3) 410,597       SPONSORED RESEARCH SUB-AWARD
(59) CHILDREN'S HOSPITAL LOS ANGELES
4650 SUNSET BLVD
LOS ANGELES,CA90027 		95-1690977 IRC 501(C)(3) 406,256       SPONSORED RESEARCH SUB-AWARD
(60) RAGON INST OF MGH MIT AND HARVARD
400 TECHNOLOGY SQUARE
CAMBRIDGE,MA02139 		EXEMPT 384,474       SPONSORED RESEARCH SUB-AWARD
(61) DUKE UNIVERSITY
324 BLACKWELL ST STE 850
DURHAM,NC27701 		56-0532129 IRC 501(C)(3) 369,633       SPONSORED RESEARCH SUB-AWARD
(62) UNIVERSITY OF TEXAS HEALTH SCIENCE CTR AT HOUSTON
7000 FANNIN ST STE 1200
HOUSTON,TX77030 		74-1761309 IRC 501(C)(3) 361,658       SPONSORED RESEARCH SUB-AWARD
(63) FRIENDS OF MOUNT AUBURN CEMETERY
580 MOUNT AUBURN ST
CAMBRIDGE,MA02138 		22-3084639 IRC 501(C)(3) 360,247       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(64) NORTHWESTERN UNIVERSITY
633 CLARK ST
EVANSTON,IL60208 		36-2167817 IRC 501(C)(3) 359,702       SPONSORED RESEARCH SUB-AWARD
(65) NORTHEASTERN UNIVERSITY
360 HUNTINGTON AVE
BOSTON,MA02115 		04-1679980 IRC 501(C)(3) 351,810       SPONSORED RESEARCH SUB-AWARD
(66) REGENTS OF THE UNIVERSITY OF CALIFORNIA DAVIS
ONE SHIELDS AVE
DAVIS,CA95616 		94-6036494 IRC 501(C)(3) 335,530       SPONSORED RESEARCH SUB-AWARD
(67) THE UNIVERSITY OF NEW MEXICO
1 UNIVERSITY OF NEW MEXICO
ALBUQUERQUE,NM87131 		85-6000642 IRC 115 329,765       SPONSORED RESEARCH SUB-AWARD
(68) RAND CORP
1700 MAIN ST
SANTA MONICA,CA90407 		95-1958142 IRC 501(C)(3) 316,964       SPONSORED RESEARCH SUB-AWARD
(69) UNIVERSITY OF OREGON
PO BOX 3237
EUGENE,OR97403 		46-4727800 IRC 115 312,728       SPONSORED RESEARCH SUB-AWARD
(70) SAN JUAN CITY HOSPITAL

PO BOX 70344
SAN JUAN,PR00936
RQ 		EXEMPT 308,987       SPONSORED RESEARCH SUB-AWARD
(71) MARINE BIOLOGICAL LABORATORY
7 MBL ST
WOODS HOLE,MA02543 		04-2104690 IRC 501(C)(3) 307,948       SPONSORED RESEARCH SUB-AWARD
(72) MOREHOUSE SCHOOL OF MEDICINE
720 WESTVIEW DR SW
ATLANTA,GA30310 		58-1438873 IRC 501(C)(3) 298,731       SPONSORED RESEARCH SUB-AWARD
(73) DREXEL UNIVERSITY
3141 CHESTNUT ST
PHILADELPHIA,PA19104 		23-1352630 IRC 501(C)(3) 297,146       SPONSORED RESEARCH SUB-AWARD
(74) BROWN UNIVERSITY
164 ANGELL ST PO BOX 1929
PROVIDENCE,RI02912 		05-0258809 IRC 501(C)(3) 294,171       SPONSORED RESEARCH SUB-AWARD
(75) UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
104 AIRPORT DR STE 3600
CHAPEL HILL,NC27599 		56-6001393 IRC 501(C)(3) 288,759       SPONSORED RESEARCH SUB-AWARD
(76) TOPCODER INC
95 GLASTONBURY BLVD
GLASTONBURY,CT06033 		06-1593607 NOT EXEMPT 273,469       SPONSORED RESEARCH SUB-AWARD
(77) WAYNE STATE UNIVERSITY
5700 CASS AVE STE 4900
DETROIT,MI48202 		38-6028429 IRC 501(C)(3) 273,399       SPONSORED RESEARCH SUB-AWARD
(78) JACOBI MEDICAL CTRNORTH BRONX HEALTHCARE NETWORK
1400 PELHAM PKWY SOUTH
BRONX,NY10461 		13-1849594 IRC 501(C)(3) 272,175       SPONSORED RESEARCH SUB-AWARD
(79) HENRY M JACKSON FDN FOR THE ADVCMT OF MILITARY MED INC
6720A ROCKLEDGE DR STE 100
BETHESDA,MD20817 		52-1317896 IRC 501(C)(3) 261,725       SPONSORED RESEARCH SUB-AWARD
(80) JOHNS HOPKINS UNIVERSITY
615 N WOLFE ST
BALTIMORE,MD21205 		52-0595110 IRC 501(C)(3) 239,702       SPONSORED RESEARCH SUB-AWARD
(81) MOUNT SINAI HOSPITAL
ONE GUSTAVE L LEVY PL
NEW YORK,NY10029 		13-1624096 IRC 501(C)(3) 237,971       SPONSORED RESEARCH SUB-AWARD
(82) SUSTAINABLE INNOVATIONS LLC
160 OAK ST UNIT 412
GLASTONBURY,CT06033 		04-1645622 NOT EXEMPT 235,090       SPONSORED RESEARCH SUB-AWARD
(83) HARVARD PILGRIM HEALTH CARE FDN
93 WORCESTER ST STE 100
WELLESLEY,MA02481 		04-2708004 IRC 501(C)(3) 234,410       SPONSORED RESEARCH SUB-AWARD
(84) NATIONAL CTR ON TIME AND LEARNING
24 SCHOOL ST 3RD FL
BOSTON,MA02108 		04-3534001 IRC 501(C)(3) 227,897       SPONSORED RESEARCH SUB-AWARD
(85) LAWRENCE BERKELEY NATIONAL LAB
ONE CYCLOTRON RD
BERKELEY,CA94720 		94-2951741 IRC 501(C)(3) 225,123       SPONSORED RESEARCH SUB-AWARD
(86) WAKE FOREST UNIVERSITY
PO BOX 7201
WINSTONSALEM,NC27109 		56-0532138 IRC 501(C)(3) 223,882       SPONSORED RESEARCH SUB-AWARD
(87) PARTNERS IN HEALTH
800 BOYLSTON ST STE 1400
BOSTON,MA02199 		04-3567502 IRC 501(C)(3) 219,794       SPONSORED RESEARCH SUB-AWARD
(88) WORLD HEALTH ORGANIZATION
525 23RD ST NW
WASHINGTON,DC20037 		GOVERNMENTAL UNIT 219,557       SPONSORED RESEARCH SUB-AWARD
(89) UNIVERSITY OF CINCINNATI
2600 CLIFTON AVE
CINCINNATI,OH45221 		31-6000989 IRC 115 212,582       SPONSORED RESEARCH SUB-AWARD
(90) MUSEUM OF SCIENCE
ONE SCIENCE PARK
BOSTON,MA02114 		04-2103916 IRC 501(C)(3) 211,332       SPONSORED RESEARCH SUB-AWARD
(91) PENNSYLVANIA STATE UNIVERSITY
500 UNIVERSITY DR
HERSHEY,PA17033 		24-6000376 IRC 115 201,020       SPONSORED RESEARCH SUB-AWARD
(92) DURHAM PUBLIC SCHOOLS
511 CLEVELAND ST
DURHAM,NC27702 		GOVERNMENTAL UNIT 195,114       SPONSORED RESEARCH SUB-AWARD
(93) UNIVERSITY OF TEXAS
110 INNER CAMPUS DR
AUSTIN,TX78705 		74-6000203 EXEMPT 190,864       SPONSORED RESEARCH SUB-AWARD
(94) MICHIGAN STATE UNIVERSITY
426 AUDITORIUM RD RM 350
EAST LANSING,MI48824 		38-6005984 IRC 115 190,771       SPONSORED RESEARCH SUB-AWARD
(95) GEORGIA INST OF TECHNOLOGYGEORGIA TECH RES CORP
500 TECH PKWY
ATLANTA,DC30332 		58-6002023 IRC 501(C)(3) 190,586       SPONSORED RESEARCH SUB-AWARD
(96) SHIFT PROJECT LTD
250 WEST 57TH ST
NEW YORK,NY10017 		45-2779314 IRC 501(C)(3) 170,000       SPONSORED RESEARCH SUB-AWARD
(97) REGENTS OF THE UNIVERSITY OF CALIFORNIA LOS ANGELES
10920 WILSHIRE BLVD STE 620
LOS ANGELES,CA90024 		95-6006143 IRC 501(C)(3) 162,235       SPONSORED RESEARCH SUB-AWARD
(98) INVENIO IMAGING INC
1600 ADAMS DR
MENLO PARK,CA94025 		NOT EXEMPT 154,757       SPONSORED RESEARCH SUB-AWARD
(99) THE FORSYTH INST
245 FIRST ST
CAMBRIDGE,MA02142 		04-2104230 IRC 501(C)(3) 150,073       SPONSORED RESEARCH SUB-AWARD
(100) UNIVERSITY OF MONTANA
32 CAMPUS DR
MISSOULA,MO59812 		81-6001713 IRC 115 150,000       SPONSORED RESEARCH SUB-AWARD
(101) VANDERBILT UNIVERSITY
2301 VANDERBILT PL
NASHVILLE,TN37240 		62-0476822 IRC 501(C)(3) 147,744       SPONSORED RESEARCH SUB-AWARD
(102) JOSLIN DIABETES CTR INC
ONE JOSLIN PL
BOSTON,MA02215 		04-2203836 IRC 501(C)(3) 147,096       SPONSORED RESEARCH SUB-AWARD
(103) THE UNIVERSITY OF MEMPHIS
3720 ALUMNI AVE
MEMPHIS,TN38152 		62-0648618 IRC 115 145,572       SPONSORED RESEARCH SUB-AWARD
(104) CRITTENTON WOMEN'S UNION INC
ONE WASHINGTON MALL
BOSTON,MA02108 		04-2104046 IRC 501(C)(3) 143,901       SPONSORED RESEARCH SUB-AWARD
(105) ROCKEFELLER UNIVERSITY
1230 YORK AVE
NEW YORK,NY10065 		13-1624158 IRC 501(C)(3) 142,143       SPONSORED RESEARCH SUB-AWARD
(106) STATE UNIVERSITY OF NEW YORK
1400 WASHINGTON AVE AD 216
ALBANY,NY12222 		16-1514621 IRC 115 130,876       SPONSORED RESEARCH SUB-AWARD
(107) CARNEGIE MELLON UNIVERSITY
5000 FORBES AVE
PITTSBURGH,PA15213 		25-0969449 IRC 501(C)(3) 128,055       SPONSORED RESEARCH SUB-AWARD
(108) GRADY HEALTH SYSTEM
80 JESSE HILL JR DR SE
ATLANTA,GA30303 		26-2037695 IRC 501(C)(3) 117,205       SPONSORED RESEARCH SUB-AWARD
(109) UNIVERSITY OF CONNECTICUT
115 N EAGLEVILLE RD
STORRSMANSFIELD,CT06269 		06-0772160 IRC 115 116,303       SPONSORED RESEARCH SUB-AWARD
(110) REGENTS OF THE UNIVERSITY OF CALIFORNIA AT BERKELEY
2195 HEARST AVE RM 120
BERKELEY,CA94720 		94-6002123 IRC 501(C)(3) 114,971       SPONSORED RESEARCH SUB-AWARD
(111) WASHINGTON UNIVERSITY
ONE BROOKINGS DR
ST LOUIS,MO63130 		43-0653611 IRC 501(C)(3) 110,555       SPONSORED RESEARCH SUB-AWARD
(112) LAHEY CLINIC FDN INC
41 MALL RD
BURLINGTON,MA01805 		04-2323457 IRC 501(C)(3) 106,866       SPONSORED RESEARCH SUB-AWARD
(113) SEATTLE BIOMEDICAL RESEARCH INST
307 WESTLAKE AVE N ST 500
SEATTLE,WA98109 		91-0961784 IRC 501(C)(3) 104,853       SPONSORED RESEARCH SUB-AWARD
(114) GROUP HEALTH COOPERATIVECTR FOR HEALTH STUDIES
320 WESTLAKE AVE N STE 100
SEATTLE,WA98109 		91-0511770 IRC 501(C)(3) 100,369       SPONSORED RESEARCH SUB-AWARD
(115) FUND FOR PARKS AND RECREATION IN BOSTON
1010 MASS AVE
BOSTON,MA02118 		04-2784811 IRC 501(C)(3) 100,000       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(116) MEMORIAL SLOAN KETTERING
1275 YORK AVE
NEW YORK,NY10021 		13-1924236 IRC 501(C)(3) 98,551       SPONSORED RESEARCH SUB-AWARD
(117) TRUST FOR UNIVERSITY INNOVATION IN VIETNAM
11 STORY ST
CAMBRIDGE,MA02138 		45-5152480 IRC 501(C)(3) 97,779       SPONSORED RESEARCH SUB-AWARD
(118) SAGE BIONETWORKS
1100 FAIRVIEW AVE NORTH
SEATTLE,WA98109 		26-4489946 IRC 501(C)(3) 97,503       SPONSORED RESEARCH SUB-AWARD
(119) CLINICAL ASSISTANCE PROGRAMS
111 SPEEN ST STE 303
FRAMINGHAM,MA01701 		NOT EXEMPT 94,432       SPONSORED RESEARCH SUB-AWARD
(120) BOSTON VA RESEARCH INST INC
150 S HUNTINGTON AVE
BOSTON,MA02130 		04-3081524 IRC 501(C)(3) 94,263       SPONSORED RESEARCH SUB-AWARD
(121) BOARD OF REGENTS OF THE UNIV OF AZ
MAIN GATE CTR
TUCSON,AZ85721 		86-0196696 IRC 115 93,381       SPONSORED RESEARCH SUB-AWARD
(122) GEORGIA STATE UNIVERSITY
33 GILMER ST
ATLANTA,GA30303 		58-6002050 IRC 115 90,178       SPONSORED RESEARCH SUB-AWARD
(123) REGENTS OF THE UNIVERSITY OF CALIFORNIA SANTA CRUZ
1156 HIGH ST
SANTA CRUZ,CA95064 		94-1539563 IRC 501(C)(3) 89,538       SPONSORED RESEARCH SUB-AWARD
(124) PUBLIC SAFETY MEDICAL
324 E NEW YORK ST
INDIANAPOLIS,IN46204 		NOT EXEMPT 85,639       SPONSORED RESEARCH SUB-AWARD
(125) SKOURTES INST
6950 NE CAMPUS WAY
HILLSBORO,OR97124 		45-4089973 IRC 501(C)(4) 84,384       SPONSORED RESEARCH SUB-AWARD
(126) HARVARD PILGRIM HEALTH CARE INC
93 WORCESTER ST STE 100
WELLESLEY,MA02481 		04-2452600 IRC 501(C)(3) 82,017       SPONSORED RESEARCH SUB-AWARD
(127) IMPAQ INTERNATIONAL LLC
10420 LITTLE PATUXENT PKWY STE 300
COLUMBIA,MD21044 		NOT EXEMPT 79,116       SPONSORED RESEARCH SUB-AWARD
(128) UNIVERSITY OF UTAH
201 S PRESIDENTS CIR RM 408
SALT LAKE CITY,UT84112 		87-6000525 IRC 501(C)(3) 78,561       SPONSORED RESEARCH SUB-AWARD
(129) NATHAN S KLINE INSTITUTE FOR PSYCHIATRIC RESEARCH
140 OLD ORANGEBURG RD
ORANGEBURG,NY10962 		GOVERNMENTAL UNIT 77,351       SPONSORED RESEARCH SUB-AWARD
(130) AMERICAN DENTAL ASSOC
211 E CHICAGO AVE
CHICAGO,IL60611 		36-0724690 IRC 501(C)(6) 76,865       SPONSORED RESEARCH SUB-AWARD
(131) CLOUD FOUNDATION
647 BOYLSTON ST
BOSTON,MA02116 		22-3681278 IRC 501(C)(3) 75,000       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(132) AURORA HEALTH CARE
750 W VIRGINIA ST PO BOX 341880
MILWAUKEE,WI53234 		39-1442285 IRC 501(C)(3) 74,727       SPONSORED RESEARCH SUB-AWARD
(133) BEDFORD VA RESEARCH CORP INC
200 SPRINGS RD MS 151
BEDFORD,MA01730 		04-3512440 IRC 501(C)(3) 72,033       SPONSORED RESEARCH SUB-AWARD
(134) ATMOSPHERIC & ENVIRONMENTAL RESEARCH INC
131 HARTWELL AVE
LEXINGTON,MA02421 		04-2608324 NOT EXEMPT 70,890       SPONSORED RESEARCH SUB-AWARD
(135) UNITED STATES DEPARTMENT OF AGRICULTURE (USDA)
1400 INDEPENDENCE AV SW
WASHINGTON,DC20250 		GOVERNMENTAL UNIT 70,300       SPONSORED RESEARCH SUB-AWARD
(136) UNIVERSITY OF MAINE
5717 CORBETT HALL
ORONO,ME04469 		01-6000769 IRC 501(C)(3) 69,102       SPONSORED RESEARCH SUB-AWARD
(137) UNIVERSITY OF MISSISSIPPI MEDICAL CTR
2500 NORTH STATE ST
JACKSON,MS39216 		64-6008520 IRC 501(C)(3) 68,515       SPONSORED RESEARCH SUB-AWARD
(138) THE MCLEAN HOSPITAL CORP
115 MILL ST
BELMONT,MA02478 		04-2697981 IRC 501(C)(3) 68,120       SPONSORED RESEARCH SUB-AWARD
(139) SALK INST FOR BIOLOGICAL STUDIES
10010 NO TORREY PINES RD
LA JOLLA,CA92037 		95-2160097 IRC 501(C)(3) 66,684       SPONSORED RESEARCH SUB-AWARD
(140) WILLIAM SANSUM DIABETES CTR
2219 BATH ST
SANTA BARBARA,CA93105 		95-1684086 IRC 501(C)(3) 66,508       SPONSORED RESEARCH SUB-AWARD
(141) RUSH UNIVERSITY MEDICAL CTR
1653 W CONGRESS PKWY
CHICAGO,IL60612 		36-2174823 IRC 501(C)(3) 64,956       SPONSORED RESEARCH SUB-AWARD
(142) SWEDISH MEDICAL CTR FDN
747 BROADWAY
SEATTLE,WA98122 		91-0983214 IRC 501(C)(3) 63,783       SPONSORED RESEARCH SUB-AWARD
(143) OREGON STATE UNIVERSITY
PO BOX 1086
CORVALLIS,OR97339 		48-1278540 IRC 501(C)(6) 62,368       SPONSORED RESEARCH SUB-AWARD
(144) CHILDREN'S HOME SOCIETY OF WASHINGTON
12360 LAKE CITY WAY NE NO 450
SEATTLE,WA98125 		91-0575955 IRC 501(C)(3) 61,848       SPONSORED RESEARCH SUB-AWARD
(145) METROPOLITAN AREA PLANNING COUNCIL
60 TEMPLE PL
BOSTON,MA02111 		GOVERNMENTAL UNIT 61,423       SPONSORED RESEARCH SUB-AWARD
(146) NATIONAL ECOLOGICAL OBSERVATORY NETWORK
1685 38TH ST STE 100
BOULDER,CO80301 		20-4510571 IRC 501(C)(3) 60,712       SPONSORED RESEARCH SUB-AWARD
(147) UNIVERSITY OF KANSAS CTR FOR RESEARCH INC
2385 IRVING HILL RD
LAWRENCE,KS66045 		48-0680117 IRC 501(C)(3) 57,807       SPONSORED RESEARCH SUB-AWARD
(148) SIMMONS COLLEGE
300 THE FENWAY
BOSTON,MA02115 		04-2103629 IRC 501(C)(3) 57,480       SPONSORED RESEARCH SUB-AWARD
(149) UNIVERSITY OF NOTRE DAME
724 GRACE HALL
NOTRE DAME,IN46556 		35-0868188 IRC 501(C)(3) 56,258       SPONSORED RESEARCH SUB-AWARD
(150) UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES
4301 W MARKHAM ST
LITTLE ROCK,AR72205 		71-0236904 IRC 115 55,501       SPONSORED RESEARCH SUB-AWARD
(151) NEXGEN FORENSIC SCIENCES LLC
10241 BRADLEY LN
COLUMBIA,MD21044 		NOT EXEMPT 54,933       SPONSORED RESEARCH SUB-AWARD
(152) AMERICAN COUNCIL OF LEARNED SOCIETIES
633 3RD AVE 8TH FL
NEW YORK,NY10017 		13-1851145 IRC 501(C)(3) 50,000       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(153) HARVARD SQUARE BUSINESS ASSOCIATION
18 BRATTLE ST NO 352
CAMBRIDGE,MA02138 		04-2647383 IRC 501(C)(6) 50,000       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(154) UNIVERSITY OF MARYLAND
3300 METZEROTT RD
ADELPHI,MD20783 		52-6002033 IRC 115 49,742       SPONSORED RESEARCH SUB-AWARD
(155) DANA-FARBERPARTNERS CANCER CARE INC
450 BROOKLINE AVE BP371
BOSTON,MA02215 		04-3554536 IRC 501(C)(3) 48,715       SPONSORED RESEARCH SUB-AWARD
(156) EDUCATIONAL SERVICE DISTRICT 112
2500 NE 65TH AVE
VANCOUVER,WA98661 		IRC 115 48,576       SPONSORED RESEARCH SUB-AWARD
(157) HEBREW REHABILITATION CTR FOR AGED
1200 CENTRE ST
ROSLINDALE,MA02131 		04-2104298 IRC 501(C)(3) 48,078       SPONSORED RESEARCH SUB-AWARD
(158) UNIVERSITY OF NEW HAMPSHIRE
105 MAIN ST
DURHAM,NH03824 		02-6000937 IRC 115 47,544       SPONSORED RESEARCH SUB-AWARD
(159) CAMBRIDGE MEDICAL CARE FDN
1493 CAMBRIDGE ST
CAMBRIDGE,MA02139 		04-2752962 IRC 501(C)(3) 47,261       SPONSORED RESEARCH SUB-AWARD
(160) NEW ENGLAND RESEARCH INSTITUTES INC
480 PLEASANT ST
WATERTOWN,MA02472 		04-2919509 EXEMPT 46,985       SPONSORED RESEARCH SUB-AWARD
(161) UNIVERSITY OF VIRGINIA
PO BOX 400127
CHARLOTTESVILLE,VA22904 		54-6001796 IRC 115 46,600       SPONSORED RESEARCH SUB-AWARD
(162) FENWAY COMMUNITY HEALTH CTR
1340 BOYLSTON ST
BOSTON,MA02215 		04-2510564 IRC 501(C)(3) 46,303       SPONSORED RESEARCH SUB-AWARD
(163) WASHINGTON STATE UNIVERSITY
PO BOX 643140
PULLMAN,WA99164 		91-6001108 IRC 115 46,123       SPONSORED RESEARCH SUB-AWARD
(164) BOARD OF TRUSTEES OF WHITMAN COLLEGE
345 BOYER AVE
WALLA WALLA,WA99362 		91-0567740 IRC 501(C)(3) 37,721       SPONSORED RESEARCH SUB-AWARD
(165) SAN DIEGO STATE UNIVERSITY RESEARCH FDN
5250 CAMPANILE DR
SAN DIEGO,CA92182 		95-6042721 IRC 501(C)(3) 36,716       SPONSORED RESEARCH SUB-AWARD
(166) BUNKER HILL COMMUNITY COLLEGE
250 NEW RUTHERFORD AVE
BOSTON,MA02129 		04-6002284 IRC 115 36,470       SPONSORED RESEARCH SUB-AWARD
(167) LOS ALAMOS NATIONAL LABORATORY
PO BOX 1663
LOS ALAMOS,NM87545 		GOVERNMENTAL UNIT 34,894       SPONSORED RESEARCH SUB-AWARD
(168) ACTION FOR BOSTON COMMUNITY DEVELOPMENT INC
178 TREMONT ST
BOSTON,MA02111 		04-2304133 IRC 501(C)(3) 33,909       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS AND SPONSORED RESEARCH SUB-AWARD
(169) ASSOC OF STATE AND TERRITORIAL HEALTH OFFICIALS
2231 CRYSTAL DR STE 450
ARLINGTON,VA22202 		35-1044487 IRC 501(C)(3) 33,338       SPONSORED RESEARCH SUB-AWARD
(170) CINCINNATI CHILDREN'S HOSPITAL MEDICAL CTR
3333 BURNET AVE
CINCINNATI,OH45229 		31-0833936 IRC 501(C)(3) 33,012       SPONSORED RESEARCH SUB-AWARD
(171) GEORGETOWN UNIVERSITY
PO BOX 571168 37 AND O ST NW
WASHINGTON,DC20057 		53-0196603 IRC 501(C)(3) 32,765       SPONSORED RESEARCH SUB-AWARD
(172) J CRAIG VENTER INST
9704 MEDICAL CENTER DR
ROCKVILLE,MD20850 		52-1842938 IRC 501(C)(3) 32,763       SPONSORED RESEARCH SUB-AWARD
(173) BRIGHAM YOUNG UNIVERSITY
PO BOX 21231
PROVO,UT84602 		87-0217280 IRC 501(C)(3) 32,727       SPONSORED RESEARCH SUB-AWARD
(174) CHELSEA COLLABORATIVE INC
318 BROADWAY
CHELSEA,MA02150 		22-2906521 IRC 501(C)(3) 32,375       SPONSORED RESEARCH SUB-AWARD
(175) UNIVERSITY OF RHODE ISLAND
75 LOWER COLLEGE RD
KINGSTON,RI02881 		05-6000522 IRC 115 30,370       SPONSORED RESEARCH SUB-AWARD
(176) RUTGERS THE STATE UNIVERSITY OF NEW JERSEY
65 DAVIDSON RD RM 202
PISCATAWAY,NJ08854 		22-6001086 IRC 501(C)(3) 29,659       SPONSORED RESEARCH SUB-AWARD
(177) TRUSTEES OF BOSTON COLLEGE
140 COMMONWEALTH AVE
CHESTNUT HILL,MA02467 		04-2103545 IRC 501(C)(3) 27,352       SPONSORED RESEARCH SUB-AWARD
(178) FRED HUTCHINSON CANCER RESEARCH CTR
1100 FAIRVIEW AVE
SEATTLE,WA98109 		23-7156071 IRC 501(C)(3) 26,833       SPONSORED RESEARCH SUB-AWARD
(179) LA JOLLA INSTITUTE FOR ALLERGY AND IMMUNOLOGY
9420 ATHENA CIR
LA JOLLA,CA92037 		33-0328688 IRC 501(C)(3) 26,550       SPONSORED RESEARCH SUB-AWARD
(180) CLINTON HEALTH ACCESS INITIATIVE INC
383 DORCHESTER AVE NO 400
BOSTON,MA02127 		27-1414646 IRC 501(C)(3) 25,744       SPONSORED RESEARCH SUB-AWARD
(181) SEATTLE CHILDREN'S HOSPITAL
PO BOX 5371 MS RC-507
SEATTLE,WA98145 		91-0564748 IRC 501(C)(3) 25,731       SPONSORED RESEARCH SUB-AWARD
(182) CHILDREN'S HOSPITAL OF ALABAMA
1600 7TH AVE SOUTH
BIRMINGHAM,AL35233 		63-0307306 IRC 501(C)(3) 25,614       SPONSORED RESEARCH SUB-AWARD
(183) TECHNICAL EDUCATION RESEARCH CTRS INC
2067 MASSACHUSETTS AVE
CAMBRIDGE,MA02140 		04-6134355 IRC 501(C)(3) 25,469       SPONSORED RESEARCH SUB-AWARD
(184) THE BRONX DEFENDERS
360 EAST 161ST ST
BRONX,NY10451 		13-3931074 IRC 501(C)(3) 25,414       SPONSORED RESEARCH SUB-AWARD
(185) RESEARCH TRIANGLE INST INTERNATIONAL
3040 E CORNWALLIS RD
RSCH TRIANGLE PARK,NC27709 		56-0686338 IRC 501(C)(3) 25,364       SPONSORED RESEARCH SUB-AWARD
(186) MOUNT HOLYOKE COLLEGE
50 COLLEGE ST
SOUTH HADLEY,MA01075 		04-2103578 IRC 501(C)(3) 25,139       SPONSORED RESEARCH SUB-AWARD
(187) GLOBAL HEALTH COMMITTEE INC
200 LONGWOOD AVE W ALPERT BLDG
BOSTON,MA02115 		04-3481920 IRC 501(C)(3) 24,476       SPONSORED RESEARCH SUB-AWARD
(188) WELLESLEY COLLEGE
106 CENTRAL ST
WELLESLEY,MA02481 		04-2103637 IRC 501(C)(3) 24,072       SPONSORED RESEARCH SUB-AWARD
(189) THE CLEVELAND CLINIC FDN
9500 EUCLID AVE
CLEVELAND,OH44195 		34-0714585 IRC 501(C)(3) 23,515       SPONSORED RESEARCH SUB-AWARD
(190) THE HASTINGS CTR
21 MALCOLM GORDON RD
GARRISON,NY10524 		13-2662222 IRC 501(C)(3) 23,187       SPONSORED RESEARCH SUB-AWARD
(191) HEIFER INTERNATIONAL FDN
PO BOX 727
LITTLE ROCK,AR72203 		71-0699939 IRC 501(C)(3) 22,014       SPONSORED RESEARCH SUB-AWARD
(192) FRANKLIN W OLIN COLLEGE OF ENGINEERING INC
1000 OLIN WAY
NEEDHAM,MA02492 		06-1519057 IRC 501(C)(3) 20,947       SPONSORED RESEARCH SUB-AWARD
(193) AUGUSTA UNIVERSITY
1120 15TH ST
AUGUSTA,GA30912 		58-6002053 IRC 501(C)(3) 20,022       SPONSORED RESEARCH SUB-AWARD
(194) WESTERN WASHINGTON UNIVERSITY
516 HIGH ST
BELLINGHAM,WI98225 		91-6000562 IRC 115 20,013       SPONSORED RESEARCH SUB-AWARD
(195) FLORIDA INTERNATIONAL UNIVERSITY
11200 SW 8TH ST
MIAMI,FL33199 		65-0177616 IRC 115 19,436       SPONSORED RESEARCH SUB-AWARD
(196) AIDS HEALTHCARE FDN
6255 SUNSET BLVD 21ST FL
LOS ANGELES,CA90028 		95-4112121 IRC 501(C)(3) 19,404       SPONSORED RESEARCH SUB-AWARD
(197) EMERSON COLLEGE
120 BOYLSTON ST
BOSTON,MA02116 		04-1286950 IRC 501(C)(3) 18,639       SPONSORED RESEARCH SUB-AWARD
(198) HEALTHPARTNERS INST FOR EDUC AND RES
8170 33RD AVE SOUTH
MINNEAPOLIS,MN55440 		41-1670163 IRC 501(C)(3) 18,484       SPONSORED RESEARCH SUB-AWARD
(199) EXPONENT INC
149 COMMONWEALTH DR
MENLO PARK,CA94025 		77-0218904 NOT EXEMPT 18,241       SPONSORED RESEARCH SUB-AWARD
(200) KAISER PERMANENTE
1800 HARRISON ST 16TH FL
OAKLAND,CA94612 		94-1340523 IRC 501(C)(3) 18,124       SPONSORED RESEARCH SUB-AWARD
(201) NATIONAL OPINION RESEARCH CTR
55 E MONROE ST 20TH FL
CHICAGO,IL60603 		36-2167808 IRC 501(C)(3) 18,028       SPONSORED RESEARCH SUB-AWARD
(202) ABT ASSOCIATES INC
55 WHEELER ST
CAMBRIDGE,MA02138 		NOT EXEMPT 18,016       SPONSORED RESEARCH SUB-AWARD
(203) SYRACUSE UNIVERSITY
SKYTOP OFFICE BLDG SKYTOP RD
SYRACUSE,NY13244 		15-0532081 IRC 501(C)(3) 17,309       SPONSORED RESEARCH SUB-AWARD
(204) CHILDREN'S HOSPITAL OF PHILADELPHIA
34TH ST AND CIVIC CTR BLVD
PHILADELPHIA,PA19104 		23-1352166 IRC 501(C)(3) 16,080       SPONSORED RESEARCH SUB-AWARD
(205) SPAULDING REHABILITATION HOSPITAL VOLUNTEER SERVICES
300 FIRST AVE
CHARLESTOWN,MA02129 		04-2551124 IRC 501(C)(3) 15,875       SPONSORED RESEARCH SUB-AWARD
(206) CAMBRIDGE COMMUNITY CTR
5 CALLENDER ST
CAMBRIDGE,MA02139 		04-2477881 IRC 501(C)(3) 15,800       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(207) NETWORK FOR EXCELLENCE IN HEALTH INNOVATION
ONE BROADWAY 15TH FL
CAMBRIDGE,MA02142 		01-0624865 IRC 501(C)(3) 15,500       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(208) FOOD FOR FREE COMMITTEE INC
11 INMAN ST
CAMBRIDGE,MA02139 		22-2561771 IRC 501(C)(3) 15,000       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(209) WEST VIRGINIA UNIVERSITY
ONE WATERFRONT PL PO BOX 6005
MORGANTOWN,WV26506 		55-6000842 IRC 115 14,908       SPONSORED RESEARCH SUB-AWARD
(210) MONTANA STATE UNIVERSITY
201 MONTANA HALL PO BOX 172440
BOZEMAN,MT59717 		81-6010045 IRC 115 14,886       SPONSORED RESEARCH SUB-AWARD
(211) SWARTHMORE COLLEGE
500 COLLEGE AVE
SWARTHMORE,PA19081 		23-1352683 IRC 501(C)(3) 14,728       SPONSORED RESEARCH SUB-AWARD
(212) YMCA OF GREATER BOSTON
316 HUNTINGTON AVE
BOSTON,MA02115 		04-2103551 IRC 501(C)(3) 14,000       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(213) CASE WESTERN RESERVE UNIVERSITY
10900 EUCLID AVE
CLEVELAND,OH44106 		34-1018992 IRC 501(C)(3) 13,902       SPONSORED RESEARCH SUB-AWARD
(214) WEST END HOUSE INC
105 ALLSTON ST
ALLSTON,MA02134 		04-2105825 IRC 501(C)(3) 13,650       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(215) MATHEMATICA POLICY RESEARCH INC
PO BOX 2393
PRINCETON,NJ08543 		22-2112296 NOT EXEMPT 12,458       SPONSORED RESEARCH SUB-AWARD
(216) NEW YORK CITY DEPT OF HEALTH AND MENTAL HYGIENE
455 FIRST AVE
NEW YORK,NY10016 		GOVERNMENTAL UNIT 11,900       SPONSORED RESEARCH SUB-AWARD
(217) ALLSTON BRIGHTON COMMUNITY DEVELOPMENT CORP
20 LINDEN ST
ALLSTON,MA02134 		04-2716278 IRC 501(C)(3) 11,850       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(218) UNIVERSITY OF HAWAII
2500 CAMPUS RD
HONOLULU,HI96822 		99-6000354 IRC 115 11,084       SPONSORED RESEARCH SUB-AWARD
(219) SKIDMORE COLLEGE
815 NORTH BROADWAY
SARATOGA SPRINGS,NY12866 		14-1338562 IRC 501(C)(3) 10,326       SPONSORED RESEARCH SUB-AWARD
(220) CAMBRIDGE FAMILY AND CHILDREN'S SERVICE
60 GORE ST
CAMBRIDGE,MA02141 		04-2104057 IRC 501(C)(3) 10,000       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(221) CHARLES RIVER CONSERVANCY
4 BRATTLE ST
CAMBRIDGE,MA02138 		04-3503656 IRC 501(C)(3) 10,000       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(222) LOS ANGELES UNIFIED SCHOOL DISTRICT
333 S BEAUDRY AVE 24TH FL
LOS ANGELES,CA90017 		95-6101193 GOVERNMENTAL UNIT 10,000       SPONSORED RESEARCH SUB-AWARD
(223) SAINTS COSMAS AND DAMIAN SOCIETY
17 PORTER ST
CAMBRIDGE,MA02141 		EXEMPT 10,000       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(224) VICTORY PROGRAMS INC
965 MASS AVE
BOSTON,MA02118 		04-2575322 IRC 501(C)(3) 9,254       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(225) NEW YORK ACADEMY OF MEDICINE
1216 FIFTH AVE
NEW YORK,NY10029 		13-1656674 IRC 501(C)(3) 9,035       SPONSORED RESEARCH SUB-AWARD
(226) BOSTON PUBLIC SCHOOLS
26 COURT ST 5TH FL
BOSTON,MA02108 		GOVERNMENTAL UNIT 8,475       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(227) BIOMEDICAL SCIENCE CAREERS PROGRAM INC
164 LONGWOOD AVE
BOSTON,MA02115 		04-3241307 IRC 501(C)(3) 8,450       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(228) ON THE RISE INC
341 BROADWAY
CAMBRIDGE,MA02139 		04-3290689 IRC 501(C)(3) 7,600       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(229) COLLEGE POSSIBLE INC
540 FAIRVIEW AVE N
SAINT PAUL,MN55104 		41-1968798 IRC 501(C)(3) 7,539       SPONSORED RESEARCH SUB-AWARD
(230) PUBLIC LIBRARY ASSOCIATION
50 EAST HURON ST
CHICAGO,IL60611 		36-2166947 IRC 501(C)(3) 7,500       SPONSORED RESEARCH SUB-AWARD
(231) VERONICA SMITH MULTI SERVICE SENIOR CTR INC
20 CHESTNUT HILL AVE
BRIGHTON,MA02135 		22-2482914 IRC 501(C)(3) 7,500       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(232) JOSEPH M SMITH COMMUNITY HEALTH CTR INC
287 WESTERN AVE
ALLSTON,MA02134 		23-7221597 IRC 501(C)(3) 7,000       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(233) ADLER PLANETARIUM
1300 SOUTH LAKE SHORE DR
CHICAGO,IL60605 		36-6210902 IRC 501(C)(3) 6,474       SPONSORED RESEARCH SUB-AWARD
(234) UNIVERSITY OF NEBRASKA - LINCOLN
1400 R ST
LINCOLN,NE68588 		47-0049123 IRC 501(C)(3) 6,288       SPONSORED RESEARCH SUB-AWARD
(235) SCHIZOPHRENIA INTERNATIONAL RESEARCH SOCIETY INC
5034 A THOROUGHBRED LN
BRENTWOOD,TN37027 		20-3585630 IRC 501(C)(3) 6,000       SPONSORED RESEARCH SUB-AWARD
(236) JEWISH FAMILY SERVICE OF WESTERN MASSACHUSETTS INC
15 LENOX ST
SPRINGFIELD,MA01108 		04-2104352 IRC 501(C)(3) 5,517       SPONSORED RESEARCH SUB-AWARD
(237) BRIAN HONAN 5K
C/O WEST END HOUSE 105 ALLSTON ST
ALLSTON,MA02134 		IRC 501(C)(3) 5,400       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(238) CRADLES TO CRAYONS
155 NORTH BEACON ST
BRIGHTON,MA02135 		04-3584367 IRC 501(C)(3) 5,154       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
(239) RODEL FDN OF DELAWARE
100 W 10TH ST STE 704
WILMINGTON,DE19801 		91-1944585 IRC 501(C)(3) 5,000       SPONSORED RESEARCH SUB-AWARD
(240) AMOUNTS 5000 OR LESS
VARIOUS
CAMBRIDGE,MA02135 		EXEMPT 69,761       COMMUNITY GIFTS AND CHARITABLE CONTRIBUTIONS
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
225
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
14
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2015

Schedule I (Form 990) 2015
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
non-cash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of non-cash assistance
(1) GRADUATE STUDENT TUITION AND FEES GRANTS 8852 217,491,935      
(2) UNDERGRADUATE TUITION, FEES, AND STIPEND GRANTS 3935 176,329,232      
(3) GRADUATE STUDENT STIPEND GRANTS 4791 82,393,459      
(4) STIPENDS FOR POST-DOCTORAL STUDENTS AND FELLOWS 1486 30,942,530      
(5) OTHER STUDENT GRANTS, PRIZES AND AWARDS 3206 9,217,700      
(6) GRANTS AND AWARDS TO NON-HARVARD STUDENTS 1280 8,890,753      
(7) STUDENT LOAN REPAYMENT PROGRAMS AND FORGIVEN LOANS 650 7,917,133      
(8) OTHER UNDERGRADUATE GRANTS, PRIZES AND AWARDS 1792 6,232,416      
(9) TRAINING GRANTS 27 385,534      
Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. ALL DISBURSEMENTS MADE BY THIS INSTITUTION IN FURTHERANCE OF ITS EXEMPT PROGRAMS ARE REVIEWED AND APPROVED BY AUTHORIZED COMMITTEES OR INDIVIDUALS. ALL SCHOLARSHIPS AND STUDENT LOANS ARE REVIEWED AND APPROVED BY HARVARD'S FINANCIAL AID OFFICES. IN ADDITION, HARVARD UNIVERSITY IS RESPONSIBLE FOR THE PROGRAMMATIC AND FINANCIAL MONITORING OF ITS SPONSORED RESEARCH AWARD SUBRECIPIENTS. PRINCIPAL INVESTIGATORS AND PROJECT STAFF PERFORM ONGOING REVIEWS OF PROJECT ACTIVITIES. IN ADDITION, ON AN ANNUAL BASIS, UNIVERSITY RESEARCH ADMINISTRATORS REVIEW ALL ACTIVE SUBCONTRACTS AND INQUIRE FURTHER INTO THOSE THAT ARE DEEMED TO REQUIRE CLOSER SCRUTINY IN LIGHT OF A VARIETY OF ATTRIBUTES. UPON IDENTIFICATION OF SUBRECIPIENTS THAT MANDATE CLOSER SCRUTINY, HARVARD IMPLEMENTS ADDITIONAL MONITORING ACTIONS TO ENSURE COMPLIANCE WITH SUBAGREEMENT PERFORMANCE, FINANCIAL TERMS AND CONDITIONS, AND WITH ALL APPLICABLE FEDERAL RULES AND REGULATIONS.
Schedule I (Form 990) 2015



Additional Data


Software ID: 15000238
Software Version: 2015v3.0


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" on 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
2015
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
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 .........
1b
 
No
2
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? ..
2
Yes
 
3
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.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
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.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization?
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on 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 ............
7
Yes
 
8
Were any amounts reported on 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 .............................
8
Yes
 
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
Yes
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2015

Schedule J (Form 990) 2015
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 on 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 on prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1DREW GILPIN FAUST
  PRESIDENT 		(i)

(ii)		 852,920
-------------
0 		0
-------------
0 		551,928
-------------
0 		333,825
-------------
0 		160,403
-------------
0 		1,899,076
-------------
0 		450,000
-------------
0
2KAREN GORDON MILLS
  FELLOW; SENIOR FELLOW AT HBS 		(i)

(ii)		 143,728
-------------
0 		0
-------------
0 		3,932
-------------
0 		16,572
-------------
0 		2,641
-------------
0 		166,873
-------------
0 		0
-------------
0
3CHRISTINE M HEENAN
  CONSULTANT; FORMER V.P. 		(i)

(ii)		 211,560
-------------
0 		0
-------------
0 		26,659
-------------
0 		26,947
-------------
0 		18,775
-------------
0 		283,941
-------------
0 		0
-------------
0
4STEVEN E HYMAN
  FACULTY; FORMER PROVOST 		(i)

(ii)		 429,616
-------------
0 		0
-------------
0 		8,524
-------------
0 		33,825
-------------
0 		5,170
-------------
0 		477,135
-------------
0 		0
-------------
0
5PAUL ANDREW
  V.P. PUBLIC AFFAIRS AND COMM. 		(i)

(ii)		 352,599
-------------
0 		10,000
-------------
0 		477
-------------
0 		33,825
-------------
0 		21,878
-------------
0 		418,779
-------------
0 		0
-------------
0
6ALAN M GARBER
  PROVOST 		(i)

(ii)		 646,158
-------------
0 		10,000
-------------
0 		4,656
-------------
0 		33,825
-------------
0 		172,441
-------------
0 		867,080
-------------
0 		0
-------------
0
7MARC L GOODHEART
  V.P. AND SECRETARY OF THE UNIVERSITY 		(i)

(ii)		 350,114
-------------
0 		10,000
-------------
0 		671
-------------
0 		34,095
-------------
0 		22,130
-------------
0 		417,010
-------------
0 		0
-------------
0
8MARILYN M HAUSAMMANN
  V.P. FOR HUMAN RESOURCES 		(i)

(ii)		 357,914
-------------
0 		15,000
-------------
0 		1,678
-------------
0 		33,825
-------------
0 		23,709
-------------
0 		432,126
-------------
0 		0
-------------
0
9THOMAS J HOLLISTER
  V.P. FOR FINANCE AND C.F.O. (BEGAN 05/2015) 		(i)

(ii)		 297,018
-------------
0 		0
-------------
0 		874
-------------
0 		33,825
-------------
0 		15,194
-------------
0 		346,911
-------------
0 		0
-------------
0
10ROBERT W IULIANO
  SENIOR V.P. AND GENERAL COUNSEL; DEPUTY TO THE PRESIDENT 		(i)

(ii)		 495,326
-------------
0 		30,000
-------------
0 		14,393
-------------
0 		34,009
-------------
0 		23,807
-------------
0 		597,535
-------------
0 		0
-------------
0
11MARK R JOHNSON
  V.P. CAPITAL PLANNING AND PROJECT MGMT. (UNTIL 10/2015) 		(i)

(ii)		 261,834
-------------
0 		5,000
-------------
0 		28,273
-------------
0 		30,718
-------------
0 		7,090
-------------
0 		332,915
-------------
0 		0
-------------
0
12KATHERINE N LAPP
  EXECUTIVE VICE PRESIDENT 		(i)

(ii)		 618,476
-------------
0 		40,000
-------------
0 		1,347
-------------
0 		33,825
-------------
0 		8,072
-------------
0 		701,720
-------------
0 		0
-------------
0
13ANNE H MARGULIES
  V.P. AND CHIEF INFORMATION OFFICER 		(i)

(ii)		 377,076
-------------
0 		15,000
-------------
0 		3,976
-------------
0 		33,825
-------------
0 		20,579
-------------
0 		450,456
-------------
0 		0
-------------
0
14TAMARA ELLIOTT ROGERS
  V.P. FOR ALUMNI AFFAIRS AND DEVELOPMENT 		(i)

(ii)		 450,983
-------------
0 		20,000
-------------
0 		7,224
-------------
0 		33,936
-------------
0 		19,661
-------------
0 		531,804
-------------
0 		0
-------------
0
15LEAH ROSOVSKY
  V.P. FOR STRATEGY AND PROGRAMS 		(i)

(ii)		 341,998
-------------
0 		0
-------------
0 		632
-------------
0 		33,825
-------------
0 		7,572
-------------
0 		384,027
-------------
0 		0
-------------
0
16SARAH E THOMAS
  V.P. FOR THE HARVARD LIBRARY 		(i)

(ii)		 329,754
-------------
0 		15,000
-------------
0 		2,847
-------------
0 		33,825
-------------
0 		9,412
-------------
0 		390,838
-------------
0 		0
-------------
0
17MEREDITH WEENICK
  V.P. FOR CAMPUS SERVICES 		(i)

(ii)		 354,361
-------------
0 		0
-------------
0 		848
-------------
0 		33,825
-------------
0 		10,637
-------------
0 		399,671
-------------
0 		0
-------------
0
18JEFFREY S FLIER
  DEAN, FACULTY OF MEDICINE 		(i)

(ii)		 612,834
-------------
0 		0
-------------
0 		10,911
-------------
0 		33,825
-------------
0 		21,142
-------------
0 		678,712
-------------
0 		0
-------------
0
19NITIN NOHRIA
  DEAN, FACULTY OF BUSINESS 		(i)

(ii)		 566,214
-------------
0 		30,000
-------------
0 		2,032
-------------
0 		33,825
-------------
0 		126,661
-------------
0 		758,732
-------------
0 		0
-------------
0
20MICHAEL D SMITH
  DEAN, FACULTY OF ARTS & SCIENCES 		(i)

(ii)		 566,878
-------------
0 		0
-------------
0 		3,524
-------------
0 		33,825
-------------
0 		106,948
-------------
0 		711,175
-------------
0 		0
-------------
0
21RICHARD H VIETOR
  FACULTY 		(i)

(ii)		 412,386
-------------
0 		0
-------------
0 		1,281,909
-------------
0 		33,825
-------------
0 		22,106
-------------
0 		1,750,226
-------------
0 		0
-------------
0
22JOHN A DEIGHTON
  FACULTY 		(i)

(ii)		 306,302
-------------
0 		0
-------------
0 		975,485
-------------
0 		33,825
-------------
0 		21,840
-------------
0 		1,337,452
-------------
0 		0
-------------
0
23DAVID F HAWKINS
  FACULTY 		(i)

(ii)		 147,525
-------------
0 		0
-------------
0 		909,994
-------------
0 		16,725
-------------
0 		10,141
-------------
0 		1,084,385
-------------
0 		0
-------------
0
24ELON KOHLBERG
  FACULTY 		(i)

(ii)		 190,969
-------------
0 		0
-------------
0 		821,630
-------------
0 		24,394
-------------
0 		24,349
-------------
0 		1,061,342
-------------
0 		0
-------------
0
25ROLAND FRYER
  FACULTY 		(i)

(ii)		 278,282
-------------
0 		0
-------------
0 		339,745
-------------
0 		20,575
-------------
0 		21,012
-------------
0 		659,614
-------------
0 		0
-------------
0
Schedule J (Form 990) 2015

Schedule J (Form 990) 2015
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
Schedule J, Part I, Line 3 COMPENSATION REVIEW PROCESS: SEE SCHEDULE O "COMPENSATION REVIEW PROCESS" FOR A DISCUSSION OF THE METHODS USED TO ESTABLISH THE PRESIDENT'S COMPENSATION.
Schedule J, Part II SCHEDULE J SUPPLEMENTAL INFORMATION STEPHEN BLYTH SERVED AS THE PRESIDENT AND CEO OF HARVARD MANAGEMENT COMPANY (HMC), A RELATED ORGANIZATION OF THE UNIVERSITY UNTIL MAY 2016. DURING CALENDAR YEAR 2015, DR. BLYTH HELD A SENIOR FACULTY POSITION AT THE UNIVERSITY FOR WHICH HE RECEIVED A NOMINAL SALARY OF $1 PER MONTH. CONCURRENTLY, DR. BLYTH, IN HIS POSITION AS THE PRESIDENT AND CEO OF HMC, DISCLOSED HIS COMPENSATION FROM HMC, TOTALING $14,888,271, ON THE ORGANIZATION'S FORM 990 FOR THE YEAR ENDED JUNE 30, 2016. NONE OF DR. BLYTH'S COMPENSATION FROM HMC RELATED TO HIS TEACHING POSITION AT THE UNIVERSITY. THE UNIVERSITY HAS NOT LISTED DR. BLYTH AS ONE OF ITS HIGHEST COMPENSATED EMPLOYEES GIVEN THE DISCLOSURE ON THE HMC FORM 990 AND IN ORDER TO HIGHLIGHT THE FIVE HIGHEST COMPENSATED EMPLOYEES WHO RECEIVED COMPENSATION FROM THE UNIVERSITY. FORMER PROVOST HYMAN AND FORMER VICE PRESIDENT HEENAN CONTINUE TO BE EMPLOYED BY THE UNIVERSITY. THEY ARE REPORTED AS 'FORMER' BECAUSE THEY DID NOT SERVE IN AN OFFICER CAPACITY DURING FISCAL YEAR 2016. FELLOWS LAWRENCE BACOW AND KAREN GORDON MILLS EACH HAD PAID FACULTY APPOINTMENTS DURING CALENDAR YEAR 2015 UNRELATED TO THEIR WORK AS MEMBERS OF THE HARVARD CORPORATION. THE COMPENSATION FOR THEIR ACADEMIC SERVICES IS REPORTED IN FORM 990, PART VII, SECTION A, COLUMN (D). SHIRLEY TILGHMAN, WHO JOINED THE UNIVERSITY AS A FELLOW ON JANUARY 1, 2016, RECEIVED AN HONORARIUM OF $10,000 IN OCTOBER 2015 FOR PARTICIPATING IN A UNIVERSITY COMMITTEE. THIS WAS THE ONLY PAYMENT FELLOW TILGHMAN RECEIVED FROM THE UNIVERSITY FOR CALENDAR YEAR 2015.
Schedule J, Part I, Line 1a First-class or charter travel UNIVERSITY TRAVEL POLICY PROHIBITS FIRST CLASS TRAVEL EXCEPT IN LIMITED CIRCUMSTANCES. IN ACCORDANCE WITH THIS POLICY, TWO OFFICERS AND ONE KEY EMPLOYEE TRAVELED FIRST CLASS ON A SMALL NUMBER OF TRIPS DURING THE YEAR. TRAVEL EXPENSES ARE INCURRED FOR UNIVERSITY BUSINESS PURPOSES AND ARE THEREFORE NOT TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Travel for companions UNIVERSITY TRAVEL POLICY ALLOWS FOR REIMBURSEMENT OF TRAVEL EXPENSES INCURRED BY COMPANION TRAVELERS WHEN THE COMPANION HAS A SIGNIFICANT ROLE IN THE BUSINESS PROCEEDINGS, OR MAKES AN IMPORTANT CONTRIBUTION TO THE SUCCESS OF AN EVENT. IN ACCORDANCE WITH THIS POLICY, THE UNIVERSITY REIMBURSED TWO OFFICERS FOR COMPANION TRAVEL DURING THE YEAR. IN THESE LIMITED CIRCUMSTANCES, THE REIMBURSEMENT OF COMPANION AND FAMILY MEMBER TRAVEL EXPENSES WAS A LEGITIMATE BUSINESS EXPENSE FOR THE UNIVERSITY AND THEREFORE IT WAS NOT REPORTED IN THE EMPLOYEES' TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments DURING CALENDAR YEAR 2015, THE UNIVERSITY PAID AMOUNTS TO EMPLOYEES WHO WERE AFFECTED BY A PAYROLL PROCESSING OVERSIGHT. THE AMOUNTS WERE GROSSED UP TO COVER WITHHOLDING TAXES. SEVEN OFFICERS, FOUR HIGHEST COMPENSATED EMPLOYEES AND THREE KEY EMPLOYEES RECEIVED THESE PAYMENTS. THE UNIVERSITY ELECTED TO PAY THE TAX OBLIGATIONS THAT AROSE FROM CERTAIN OTHER COMPENSATION TRANSACTIONS AND REIMBURSEMENTS. ONE HIGHEST COMPENSATED EMPLOYEE AND ONE OFFICER RECEIVED THIS BENEFIT PURSUANT TO COMPENSATION POLICIES DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2015. THE LISTED BENEFITS ARE PROVIDED ONLY AFTER CAREFUL REVIEW AND APPROVAL. THESE TAX REIMBURSEMENTS ARE REPORTED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE UNIVERSITY PROVIDES PRESIDENT FAUST WITH A RESIDENCE IN CAMBRIDGE AND REQUIRES ITS USE AS CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE TOTAL ESTIMATED VALUE OF THE ANNUAL USE OF THE RESIDENCE IS $216,000, OF WHICH $137,329 IS ESTIMATED TO BE THE VALUE OF THE PERSONAL USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. THE UNIVERSITY PROVIDES PROVOST GARBER WITH A RESIDENCE IN CAMBRIDGE AND REQUIRES ITS USE AS CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE TOTAL ESTIMATED VALUE OF THE ANNUAL USE OF THE RESIDENCE IS $174,000 OF WHICH $149,595 IS ESTIMATED TO BE THE VALUE OF THE PERSONAL USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. HARVARD BUSINESS SCHOOL (HBS) PROVIDES DEAN NOHRIA WITH A RESIDENCE IN ALLSTON AND REQUIRES ITS USE AS CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF HBS. THE TOTAL ESTIMATED VALUE OF THE ANNUAL USE OF THE RESIDENCE IS $150,000 OF WHICH $102,885 IS ESTIMATED TO BE THE VALUE OF THE PERSONAL USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. THE FACULTY OF ARTS AND SCIENCES (FAS) PROVIDES DEAN SMITH WITH A RESIDENCE IN CAMBRIDGE AND REQUIRES ITS USE AS CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF FAS. THE TOTAL ESTIMATED VALUE OF THE ANNUAL USE OF THE RESIDENCE IS $150,000, OF WHICH $90,033 IS ESTIMATED TO BE THE VALUE OF THE PERSONAL USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED A HOUSING ALLOWANCE. THIS AMOUNT IS INCLUDED IN THE EMPLOYEE'S TAXABLE COMPENSATION. THE UNIVERSITY FOLLOWS WRITTEN GUIDELINES ON HOUSING ALLOWANCES, WHICH ARE OFFERED ON A LIMITED BASIS TO SENIOR FACULTY AND SENIOR ADMINISTRATORS.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees PURSUANT TO THE BUSINESS EXPENSE REIMBURSEMENT POLICY THE UNIVERSITY PAID HARVARD CLUB DUES FOR THE VICE PRESIDENT OF ALUMNI AFFAIRS AND DEVELOPMENT. THIS IS A NONTAXABLE BUSINESS EXPENSE IN FURTHERANCE OF ALUMNI RELATIONS AND DEVELOPMENT.
Schedule J, Part I, Line 1a Personal services DURING THE PERFORMANCE OF REGULAR UNIVERSITY DUTIES, A UNIVERSITY EMPLOYEE MAY, ON OCCASION, PERFORM INCIDENTAL PERSONAL SERVICES FOR THE PRESIDENT (E.G., PURCHASING OF SMALL HOUSEHOLD ITEMS, WITH THE COST OF SUCH ITEMS REIMBURSED IN FULL BY THE PRESIDENT). THE UNIVERSITY REGARDS SUCH SERVICES AS A NONTAXABLE "DE MINIMIS" FRINGE BENEFIT. THE UNIVERSITY PROVIDED PERSONAL SERVICES OF LESS THAN $400 TO PRESIDENT FAUST DURING THE TAX YEAR . THE VALUE OF THESE SERVICES WAS INCLUDED IN TAXABLE COMPENSATION ON A GROSSED-UP BASIS.
Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses PLEASE SEE THE DETAILS FOR EACH LINE ITEM OF 1A ABOVE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan LIKE MANY OF OUR PEERS, HARVARD UNIVERSITY MAINTAINS A DEFERRED COMPENSATION ACCOUNT ("DCA") FOR THE PRESIDENT TO RECOGNIZE EXCEPTIONAL SERVICE AND ENCOURAGE RETENTION. UNDER THE TERMS OF THE PLAN, HARVARD'S BOARD OF TRUSTEES (KNOWN AS THE HARVARD CORPORATION) DETERMINES ANNUALLY WHETHER AND HOW MUCH TO CONTRIBUTE TO THE DCA. OVER A THREE-YEAR PERIOD RUNNING FROM CALENDAR YEAR 2012 TO CALENDAR YEAR 2014, THE PRESIDENT'S DCA WAS CREDITED WITH A TOTAL OF $450,000. UNDER THE TERMS OF THE PLAN, THE CREDITED SUMS FULLY VESTED AND WERE PAID OUT IN 2015. TOGETHER WITH ASSOCIATED INVESTMENT EARNINGS ON THE CREDITED SUMS, THE PAYOUT TOTALED $536,449, WHICH IS REPORTED AS TAXABLE INCOME ON SCHEDULE J, PART II, COLUMN (B) (III). THE $450,000 THAT VESTED IN CALENDAR YEAR 2015 HAD BEEN REPORTED AS DEFERRED COMPENSATION ON FORMS 990 IN THE YEARS THE CONTRIBUTIONS WERE MADE, IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. FOR CALENDAR YEAR 2015, THIS AMOUNT ($450,000) IS INCLUDED ON SCHEDULE J, PART II, COLUMN F. THE PURPOSE OF COLUMN F IS TO ALERT THE READER THAT THE LISTED COMPENSATION IS REPORTED TWICE, FIRST IN THE YEAR CREDITED AND AGAIN IN THE YEAR VESTED. DURING CALENDAR YEAR 2015, THE CORPORATION VOTED TO CREDIT $300,000 TO THE PRESIDENT'S DCA. THE $300,000 IS REPORTED ON SCHEDULE J, PART II, COLUMN (C). THIS AMOUNT IS A CREDIT ONLY AND IS SUBJECT TO VESTING REQUIREMENTS.
Schedule J (Form 990) 2015
Additional Data


Software ID: 15000238
Software Version: 2015v3.0
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet 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.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number
04-2103580
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
Yes No Yes No Yes No
A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 01-15-2004 103,670,000 SERIES R 1-5 (SEE PART VI)   X   X   X
B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 04-14-2005 13,490,000 SERIES R 6 (SEE PART VI)   X   X   X
C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 04-03-2006 14,040,000 SERIES R 7 (SEE PART VI)   X   X   X
D MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 MULTIPLES 12-21-2007 1,000,000,000 SERIES 2007EE (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57586C6U4 06-10-2008 216,886,431 SERIES 2008B (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57586EDD0 01-07-2009 987,282,950 SERIES 2009A (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 MULTIPLES 07-22-2009 1,000,000,000 SERIES 2009EE (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57586EQE4 01-20-2010 531,814,469 SERIES 2010A (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57583R5Q4 11-17-2010 663,862,239 SERIES 2010B (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 MULTIPLES 08-08-2012 1,000,000,000 SERIES 2012EE (SEE PART VI)   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired .................. 0 0 0 366,197,550
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 103,670,000 13,491,079 14,043,650 224,076,757
4 Gross proceeds in reserve funds ............. 0 0 0 0
5 Capitalized interest from proceeds ............. 0 0 0 0
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 0 0 0 0
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 0 0 0 224,076,757
11 Other spent proceeds ............. 103,670,000 13,491,079 14,043,650 0
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2008 2013 2014
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) 2015

Schedule K (Form 990) 2015
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 ....SchKMediumBullet 0 % 0.04 % 0 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... SchKMediumBullet 0 % 0.01 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0 % 0 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, 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 ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
Schedule K (Form 990) 2015

Schedule K (Form 990) 2015
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
Schedule K, Part I BOND ISSUES: COLUMNS A AND B (GENERAL NOTE): THE MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (EIN: 04-2456011) WAS THE ORIGINAL ISSUER OF THE FOLLOWING ISSUES LISTED ON THIS SCHEDULE: SERIES R 1-5, SERIES R 6, SERIES R 7, SERIES 2007EE, SERIES 2008B, SERIES 2009A, SERIES 2009EE, AND SERIES 2010A. IT WAS MERGED INTO THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (EIN: 04-3431814) ON OCTOBER 1, 2010. ROW A (SERIES R 1-5), COLUMN F: SERIES R, TRANCHE 1-5 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES A (7/1/72), SERIES B (7/1/73), SERIES C (4/7/76), SERIES D (6/23/77), SERIES I (5/7/85), SERIES M (2/6/91),SERIES N (9/1/91), SERIES P (6/13/95), SERIES Q-1 (8/29/96), SERIES Q-2 (9/2/97), SERIES Q-3 (9/15/98), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW B (SERIES R 6), COLUMN F: SERIES R, TRANCHE 6 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW C (SERIES R 7), COLUMN F: SERIES R, TRANCHE 7 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW D (SERIES 2007EE), COLUMN C: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW D (SERIES 2007EE), COLUMN E: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $224 MILLION WAS OUTSTANDING ON 6/30/16. ROW D (SERIES 2007EE), COLUMN F: SERIES 2007EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (III) A RENOVATION OF BUILDING SPACE AT 46 BLACKSTONE STREET, CAMBRIDGE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT LOCATED AT THE SAME SITE (THE CORNER OF MEMORIAL DRIVE AND WESTERN AVENUE, CAMBRIDGE); (IV) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (V) INSTALLATION OF UNDERGROUND PIPES AND WIRES IN THE HARVARD LAW SCHOOL AREA, WEST OF OXFORD STREET BETWEEN EVERETT STREET AND KIRKLAND STREET, CAMBRIDGE; (VI) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (VII) RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VIII) RENOVATION OF THE FIRE ALARM AND SPRINKLER SYSTEM, ROOF, AND ROOM INTERIORS AT RESIDENTIAL BUILDINGS IN THE HARVARD LAW SCHOOL AREA, 16-22 EVERETT STREET, CAMBRIDGE; (IX) RENOVATION AND EXTERIOR RESTORATION OF BYERLY HALL, 6-8 GARDEN STREET, CAMBRIDGE; (X) A RENOVATION OF THE MALKIN ATHLETIC CENTER, 39 HOLYOKE STREET, CAMBRIDGE; (XI) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (XII) CONSTRUCTION OF A RESEARCH FACILITY LOCATED AT 16 DIVINITY AVENUE, CAMBRIDGE; (XIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (XIV) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (XV) RENOVATION AND EXTERIOR RESTORATION OF GALLATIN HALL, 24 HARVARD WAY, BOSTON; (XVI) CLASSROOM RENOVATIONS AT THE MCCOLLUM CENTER, 47 HARVARD WAY, BOSTON; (XVII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XVIII) CONSTRUCTION OF A HOUSING DEVELOPMENT AT 387 WESTERN AVENUE, 28 HINGHAM STREET AND 30 HINGHAM STREET, CAMBRIDGE; (XIX) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON; (XX) DESIGN FOR NEW INFRASTRUCTURE SYSTEMS FOR UTILITIES TUNNELS, MATERIALS HANDLING TUNNELS, WATER UTILITIES, WASTEWATER SYSTEMS, AND TRANSMISSION SUBSTATION TO SUPPORT THE ALLSTON CAMPUS, BOSTON; AND (XXI) A RENOVATION OF THE BUILDING FIRE SPRINKLER AND FIRE ALARM AT DUNSTER HOUSE, 945 MEMORIAL DRIVE, CAMBRIDGE. ROW A (SERIES 2008B), COLUMN F: SERIES 2008B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFINANCE CAPITAL EXPENDITURES OF THE UNIVERSITY RELATING TO QUINCY HOUSE, 58 PLYMPTON STREET, CAMBRIDGE. ROW B (SERIES 2009A), COLUMN F: SERIES 2009A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFUND SERIES GG-1, ISSUED 7/1/04, AND SERIES 2006B, ISSUED 7/20/06 AND PAY RELATED COSTS. ROW C (SERIES 2009EE), COLUMN C: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW C (SERIES 2009EE), COLUMN E: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $60 MILLION WAS OUTSTANDING ON 6/30/16. ROW C (SERIES 2009EE), COLUMN F: SERIES 2009EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (III) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (IV) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (V) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VI) LIFE SAFETY FIRE SYSTEM UPGRADES, OTHER RENOVATIONS, AND STRATEGIC PLANNING FOR ADDITIONAL RENEWAL AND RENOVATIONS AT STUDENT RESIDENCES LOCATED AT 45 FLAGG STREET, 10 HOLYOKE PLACE, 56 PLYMPTON STREET, 10 LINDEN STREET, 13-21 & 53 BOW STREET, 26 PLYMPTON STREET, 966 MEMORIAL DRIVE, 967 MEMORIAL DRIVE, 35-39 OXFORD STREET, 36 OXFORD STREET, 1651 MASSACHUSETTS AVENUE, AND 1533-1544 MASSACHUSETTS AVENUE, CAMBRIDGE; (VII) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (VIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (IX) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (X) RENOVATIONS TO EXPAND TEACHING LAB SPACE IN THE NORTHWEST BUILDING, 52 OXFORD STREET, CAMBRIDGE; (XI) ROOF, LIFE SAFETY, AND INFRASTRUCTURE UPGRADES TO PERKINS HALL, 35-39 OXFORD STREET, CAMBRIDGE; (XII) COSMETIC, ROOF, INFRASTRUCTURE AND LIFE SAFETY UPGRADES TO BAKER HALL, 45 HARVARD WAY, BOSTON; (XIII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XIV) A RENOVATION OF OFFICE SPACE IN GORDON HALL, 25 SHATTUCK STREET, BOSTON; AND (XV) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON. ROW D (SERIES 2010A), COLUMN F: SERIES 2010A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06, 12/21/07 AND 7/22/09; TO REFUND PORTIONS OF SERIES Z, ISSUED 11/9/00, AND SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) A RENOVATION OF BUILDING SPACE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT, 46 BLACKSTONE STREET, CAMBRIDGE; (III) A RETROFIT OF EXISTING HVAC SYSTEMS FOR LARSEN HALL, 14 APPIAN WAY, CAMBRIDGE; (IV) MAINTENANCE AND TOWER RESTORATION AT LOWELL HOUSE, 10 HOLYOKE PLACE, CAMBRIDGE; (V) RENOVATION OF ADMINISTRATIVE OFFICE AND CLASSROOM SPACE IN PIERCE HALL, 25 OXFORD STREET, CAMBRIDGE; AND (VI) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE.
Schedule K, Part I, Column (f) BOND ISSUES (CONTINUED): ROW A (SERIES 2010B), COLUMN F: SERIES 2010B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/21/07 AND 7/22/09; TO REFUND SERIES L, ISSUED 10/4/89, SERIES BB, ISSUED 11/9/00, AND SERIES HH, ISSUED 10/29/03, AND PORTIONS OF SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE; (III) UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (IV) RENOVATIONS AND ADDITIONS AT THE HARVARD DEPOSITORY, 1 PINE HILL DRIVE, SOUTHBOROUGH; (V) RENOVATION OF ADMINISTRATIVE OFFICE SPACE IN HOLYOKE CENTER, 1350 MASSACHUSETTS AVENUE, CAMBRIDGE; (VI) RENEWAL AND RENOVATIONS AT WINTHROP HOUSE, 8 MILL STREET, CAMBRIDGE; AND (VII) MAINTENANCE AND TOWER RESTORATION AT ADAMS HOUSE, 10 LINDEN STREET, 13-21 & 53 BOW STREET, AND 26 PLYMPTON STREET, CAMBRIDGE. ROW B (SERIES 2012EE), COLUMN C: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW B (SERIES 2012EE), COLUMN E: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. $564,000 WAS OUTSTANDING ON 6/30/16. ROW B (SERIES 2012EE), COLUMN F: SERIES 2012EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON.
Schedule K, Part II PROCEEDS: LINE 3 (GENERAL NOTE): THE DIFFERENCE BETWEEN AMOUNTS REPORTED IN LINE 3 AND IN COLUMN E OF PART I REPRESENTS INVESTMENT EARNINGS, EXCEPT IN THE CASE OF THE COMMERCIAL PAPER ISSUES (SERIES 2007EE, 2009EE, AND 2012EE), FOR WHICH LINE 3 REPRESENTS THE BALANCE OUTSTANDING ON JUNE 30, 2016 AND COLUMN E OF PART I REPRESENTS THE FULL AUTHORIZED AMOUNT OF THE COMMERCIAL PAPER PROGRAM.
Schedule K, Part II, Line 13 COLUMN D (SERIES 2007EE): ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2016, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
Schedule K, Part II, Line 13 COLUMN C (SERIES 2009EE): ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2016, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
Schedule K, Part III PRIVATE BUSINESS USE: SERIES R1-5, R6, AND R7: THESE BONDS WERE ISSUED SOLELY TO REFUND PRE-JANUARY 1, 2003 ISSUES AND ARE NOT SUBJECT TO PART III REPORTING.
Schedule K, Part IV ARBITRAGE: LINE 2C (SERIES 2007EE, 2009EE, 2012EE): NO REBATE COMPUTATION WAS NEEDED IN RELATION TO THE UNIVERSITY'S COMMERCIAL PAPER SERIES BECAUSE NO PROCEEDS WERE INVESTED PRIOR TO BEING SPENT. LINE 2C (SERIES 2010A): THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2014 AS OF JUNE 30, 2014. NO REBATE WAS DUE. LINE 2C (SERIES 2010B): THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2015 AS OF JUNE 30, 2015. NO REBATE WAS DUE.
Schedule K, Part IV, Line 2c COLUMN D Issuer name: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY The calculation for computing no rebate due was performed on 08/01/2014
Schedule K, Part IV, Line 2c COLUMN A Issuer name: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY The calculation for computing no rebate due was performed on 08/15/2015
Schedule K (Form 990) 2015

Additional Data


Software ID: 15000238
Software Version: 2015v3.0

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet 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.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number
04-2103580
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
Yes No Yes No Yes No
A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 01-15-2004 103,670,000 SERIES R 1-5 (SEE PART VI)   X   X   X
B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 04-14-2005 13,490,000 SERIES R 6 (SEE PART VI)   X   X   X
C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 04-03-2006 14,040,000 SERIES R 7 (SEE PART VI)   X   X   X
D MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 MULTIPLES 12-21-2007 1,000,000,000 SERIES 2007EE (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57586C6U4 06-10-2008 216,886,431 SERIES 2008B (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57586EDD0 01-07-2009 987,282,950 SERIES 2009A (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 MULTIPLES 07-22-2009 1,000,000,000 SERIES 2009EE (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57586EQE4 01-20-2010 531,814,469 SERIES 2010A (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57583R5Q4 11-17-2010 663,862,239 SERIES 2010B (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 MULTIPLES 08-08-2012 1,000,000,000 SERIES 2012EE (SEE PART VI)   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired .................. 0 0 0 366,197,550
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 103,670,000 13,491,079 14,043,650 224,076,757
4 Gross proceeds in reserve funds ............. 0 0 0 0
5 Capitalized interest from proceeds ............. 0 0 0 0
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 0 0 0 0
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 0 0 0 224,076,757
11 Other spent proceeds ............. 103,670,000 13,491,079 14,043,650 0
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2008 2013 2014
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) 2015

Schedule K (Form 990) 2015
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 ....SchKMediumBullet 0 % 0.04 % 0 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... SchKMediumBullet 0 % 0.01 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0 % 0 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, 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 ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
Schedule K (Form 990) 2015

Schedule K (Form 990) 2015
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
Schedule K, Part I BOND ISSUES: COLUMNS A AND B (GENERAL NOTE): THE MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (EIN: 04-2456011) WAS THE ORIGINAL ISSUER OF THE FOLLOWING ISSUES LISTED ON THIS SCHEDULE: SERIES R 1-5, SERIES R 6, SERIES R 7, SERIES 2007EE, SERIES 2008B, SERIES 2009A, SERIES 2009EE, AND SERIES 2010A. IT WAS MERGED INTO THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (EIN: 04-3431814) ON OCTOBER 1, 2010. ROW A (SERIES R 1-5), COLUMN F: SERIES R, TRANCHE 1-5 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES A (7/1/72), SERIES B (7/1/73), SERIES C (4/7/76), SERIES D (6/23/77), SERIES I (5/7/85), SERIES M (2/6/91),SERIES N (9/1/91), SERIES P (6/13/95), SERIES Q-1 (8/29/96), SERIES Q-2 (9/2/97), SERIES Q-3 (9/15/98), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW B (SERIES R 6), COLUMN F: SERIES R, TRANCHE 6 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW C (SERIES R 7), COLUMN F: SERIES R, TRANCHE 7 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW D (SERIES 2007EE), COLUMN C: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW D (SERIES 2007EE), COLUMN E: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $224 MILLION WAS OUTSTANDING ON 6/30/16. ROW D (SERIES 2007EE), COLUMN F: SERIES 2007EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (III) A RENOVATION OF BUILDING SPACE AT 46 BLACKSTONE STREET, CAMBRIDGE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT LOCATED AT THE SAME SITE (THE CORNER OF MEMORIAL DRIVE AND WESTERN AVENUE, CAMBRIDGE); (IV) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (V) INSTALLATION OF UNDERGROUND PIPES AND WIRES IN THE HARVARD LAW SCHOOL AREA, WEST OF OXFORD STREET BETWEEN EVERETT STREET AND KIRKLAND STREET, CAMBRIDGE; (VI) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (VII) RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VIII) RENOVATION OF THE FIRE ALARM AND SPRINKLER SYSTEM, ROOF, AND ROOM INTERIORS AT RESIDENTIAL BUILDINGS IN THE HARVARD LAW SCHOOL AREA, 16-22 EVERETT STREET, CAMBRIDGE; (IX) RENOVATION AND EXTERIOR RESTORATION OF BYERLY HALL, 6-8 GARDEN STREET, CAMBRIDGE; (X) A RENOVATION OF THE MALKIN ATHLETIC CENTER, 39 HOLYOKE STREET, CAMBRIDGE; (XI) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (XII) CONSTRUCTION OF A RESEARCH FACILITY LOCATED AT 16 DIVINITY AVENUE, CAMBRIDGE; (XIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (XIV) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (XV) RENOVATION AND EXTERIOR RESTORATION OF GALLATIN HALL, 24 HARVARD WAY, BOSTON; (XVI) CLASSROOM RENOVATIONS AT THE MCCOLLUM CENTER, 47 HARVARD WAY, BOSTON; (XVII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XVIII) CONSTRUCTION OF A HOUSING DEVELOPMENT AT 387 WESTERN AVENUE, 28 HINGHAM STREET AND 30 HINGHAM STREET, CAMBRIDGE; (XIX) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON; (XX) DESIGN FOR NEW INFRASTRUCTURE SYSTEMS FOR UTILITIES TUNNELS, MATERIALS HANDLING TUNNELS, WATER UTILITIES, WASTEWATER SYSTEMS, AND TRANSMISSION SUBSTATION TO SUPPORT THE ALLSTON CAMPUS, BOSTON; AND (XXI) A RENOVATION OF THE BUILDING FIRE SPRINKLER AND FIRE ALARM AT DUNSTER HOUSE, 945 MEMORIAL DRIVE, CAMBRIDGE. ROW A (SERIES 2008B), COLUMN F: SERIES 2008B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFINANCE CAPITAL EXPENDITURES OF THE UNIVERSITY RELATING TO QUINCY HOUSE, 58 PLYMPTON STREET, CAMBRIDGE. ROW B (SERIES 2009A), COLUMN F: SERIES 2009A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFUND SERIES GG-1, ISSUED 7/1/04, AND SERIES 2006B, ISSUED 7/20/06 AND PAY RELATED COSTS. ROW C (SERIES 2009EE), COLUMN C: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW C (SERIES 2009EE), COLUMN E: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $60 MILLION WAS OUTSTANDING ON 6/30/16. ROW C (SERIES 2009EE), COLUMN F: SERIES 2009EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (III) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (IV) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (V) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VI) LIFE SAFETY FIRE SYSTEM UPGRADES, OTHER RENOVATIONS, AND STRATEGIC PLANNING FOR ADDITIONAL RENEWAL AND RENOVATIONS AT STUDENT RESIDENCES LOCATED AT 45 FLAGG STREET, 10 HOLYOKE PLACE, 56 PLYMPTON STREET, 10 LINDEN STREET, 13-21 & 53 BOW STREET, 26 PLYMPTON STREET, 966 MEMORIAL DRIVE, 967 MEMORIAL DRIVE, 35-39 OXFORD STREET, 36 OXFORD STREET, 1651 MASSACHUSETTS AVENUE, AND 1533-1544 MASSACHUSETTS AVENUE, CAMBRIDGE; (VII) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (VIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (IX) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (X) RENOVATIONS TO EXPAND TEACHING LAB SPACE IN THE NORTHWEST BUILDING, 52 OXFORD STREET, CAMBRIDGE; (XI) ROOF, LIFE SAFETY, AND INFRASTRUCTURE UPGRADES TO PERKINS HALL, 35-39 OXFORD STREET, CAMBRIDGE; (XII) COSMETIC, ROOF, INFRASTRUCTURE AND LIFE SAFETY UPGRADES TO BAKER HALL, 45 HARVARD WAY, BOSTON; (XIII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XIV) A RENOVATION OF OFFICE SPACE IN GORDON HALL, 25 SHATTUCK STREET, BOSTON; AND (XV) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON. ROW D (SERIES 2010A), COLUMN F: SERIES 2010A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06, 12/21/07 AND 7/22/09; TO REFUND PORTIONS OF SERIES Z, ISSUED 11/9/00, AND SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) A RENOVATION OF BUILDING SPACE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT, 46 BLACKSTONE STREET, CAMBRIDGE; (III) A RETROFIT OF EXISTING HVAC SYSTEMS FOR LARSEN HALL, 14 APPIAN WAY, CAMBRIDGE; (IV) MAINTENANCE AND TOWER RESTORATION AT LOWELL HOUSE, 10 HOLYOKE PLACE, CAMBRIDGE; (V) RENOVATION OF ADMINISTRATIVE OFFICE AND CLASSROOM SPACE IN PIERCE HALL, 25 OXFORD STREET, CAMBRIDGE; AND (VI) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE.
Schedule K, Part I, Column (f) BOND ISSUES (CONTINUED): ROW A (SERIES 2010B), COLUMN F: SERIES 2010B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/21/07 AND 7/22/09; TO REFUND SERIES L, ISSUED 10/4/89, SERIES BB, ISSUED 11/9/00, AND SERIES HH, ISSUED 10/29/03, AND PORTIONS OF SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE; (III) UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (IV) RENOVATIONS AND ADDITIONS AT THE HARVARD DEPOSITORY, 1 PINE HILL DRIVE, SOUTHBOROUGH; (V) RENOVATION OF ADMINISTRATIVE OFFICE SPACE IN HOLYOKE CENTER, 1350 MASSACHUSETTS AVENUE, CAMBRIDGE; (VI) RENEWAL AND RENOVATIONS AT WINTHROP HOUSE, 8 MILL STREET, CAMBRIDGE; AND (VII) MAINTENANCE AND TOWER RESTORATION AT ADAMS HOUSE, 10 LINDEN STREET, 13-21 & 53 BOW STREET, AND 26 PLYMPTON STREET, CAMBRIDGE. ROW B (SERIES 2012EE), COLUMN C: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW B (SERIES 2012EE), COLUMN E: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. $564,000 WAS OUTSTANDING ON 6/30/16. ROW B (SERIES 2012EE), COLUMN F: SERIES 2012EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON.
Schedule K, Part II PROCEEDS: LINE 3 (GENERAL NOTE): THE DIFFERENCE BETWEEN AMOUNTS REPORTED IN LINE 3 AND IN COLUMN E OF PART I REPRESENTS INVESTMENT EARNINGS, EXCEPT IN THE CASE OF THE COMMERCIAL PAPER ISSUES (SERIES 2007EE, 2009EE, AND 2012EE), FOR WHICH LINE 3 REPRESENTS THE BALANCE OUTSTANDING ON JUNE 30, 2016 AND COLUMN E OF PART I REPRESENTS THE FULL AUTHORIZED AMOUNT OF THE COMMERCIAL PAPER PROGRAM.
Schedule K, Part II, Line 13 COLUMN D (SERIES 2007EE): ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2016, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
Schedule K, Part II, Line 13 COLUMN C (SERIES 2009EE): ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2016, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
Schedule K, Part III PRIVATE BUSINESS USE: SERIES R1-5, R6, AND R7: THESE BONDS WERE ISSUED SOLELY TO REFUND PRE-JANUARY 1, 2003 ISSUES AND ARE NOT SUBJECT TO PART III REPORTING.
Schedule K, Part IV ARBITRAGE: LINE 2C (SERIES 2007EE, 2009EE, 2012EE): NO REBATE COMPUTATION WAS NEEDED IN RELATION TO THE UNIVERSITY'S COMMERCIAL PAPER SERIES BECAUSE NO PROCEEDS WERE INVESTED PRIOR TO BEING SPENT. LINE 2C (SERIES 2010A): THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2014 AS OF JUNE 30, 2014. NO REBATE WAS DUE. LINE 2C (SERIES 2010B): THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2015 AS OF JUNE 30, 2015. NO REBATE WAS DUE.
Schedule K, Part IV, Line 2c COLUMN D Issuer name: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY The calculation for computing no rebate due was performed on 08/01/2014
Schedule K, Part IV, Line 2c COLUMN A Issuer name: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY The calculation for computing no rebate due was performed on 08/15/2015
Schedule K (Form 990) 2015

Additional Data


Software ID: 15000238
Software Version: 2015v3.0

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet 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.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number
04-2103580
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
Yes No Yes No Yes No
A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 01-15-2004 103,670,000 SERIES R 1-5 (SEE PART VI)   X   X   X
B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 04-14-2005 13,490,000 SERIES R 6 (SEE PART VI)   X   X   X
C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57585KGP7 04-03-2006 14,040,000 SERIES R 7 (SEE PART VI)   X   X   X
D MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 MULTIPLES 12-21-2007 1,000,000,000 SERIES 2007EE (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57586C6U4 06-10-2008 216,886,431 SERIES 2008B (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57586EDD0 01-07-2009 987,282,950 SERIES 2009A (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 MULTIPLES 07-22-2009 1,000,000,000 SERIES 2009EE (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57586EQE4 01-20-2010 531,814,469 SERIES 2010A (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 57583R5Q4 11-17-2010 663,862,239 SERIES 2010B (SEE PART VI)   X   X   X
MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
  		04-3431814 MULTIPLES 08-08-2012 1,000,000,000 SERIES 2012EE (SEE PART VI)   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired .................. 0 0 0 366,197,550
2 Amount of bonds legally defeased .............. 0 0 0 0
3 Total proceeds of issue .................. 103,670,000 13,491,079 14,043,650 224,076,757
4 Gross proceeds in reserve funds ............. 0 0 0 0
5 Capitalized interest from proceeds ............. 0 0 0 0
6 Proceeds in refunding escrows ............... 0 0 0 0
7 Issuance costs from proceeds ............... 0 0 0 0
8 Credit enhancement from proceeds ............. 0 0 0 0
9 Working capital expenditures from proceeds ............. 0 0 0 0
10 Capital expenditures from proceeds ............. 0 0 0 224,076,757
11 Other spent proceeds ............. 103,670,000 13,491,079 14,043,650 0
12 Other unspent proceeds ............. 0 0 0 0
13 Year of substantial completion ............. 2008 2013 2014
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) 2015

Schedule K (Form 990) 2015
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 ....SchKMediumBullet 0 % 0.04 % 0 % 0 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... SchKMediumBullet 0 % 0.01 % 0 % 0 %
6 Total of lines 4 and 5 ............. 0 % 0 % 0 % 0 %
7 Does the bond issue meet the private security or payment test? ...   X   X   X   X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X   X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, 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 ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
Schedule K (Form 990) 2015

Schedule K (Form 990) 2015
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ... X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
Schedule K, Part I BOND ISSUES: COLUMNS A AND B (GENERAL NOTE): THE MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (EIN: 04-2456011) WAS THE ORIGINAL ISSUER OF THE FOLLOWING ISSUES LISTED ON THIS SCHEDULE: SERIES R 1-5, SERIES R 6, SERIES R 7, SERIES 2007EE, SERIES 2008B, SERIES 2009A, SERIES 2009EE, AND SERIES 2010A. IT WAS MERGED INTO THE MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (EIN: 04-3431814) ON OCTOBER 1, 2010. ROW A (SERIES R 1-5), COLUMN F: SERIES R, TRANCHE 1-5 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES A (7/1/72), SERIES B (7/1/73), SERIES C (4/7/76), SERIES D (6/23/77), SERIES I (5/7/85), SERIES M (2/6/91),SERIES N (9/1/91), SERIES P (6/13/95), SERIES Q-1 (8/29/96), SERIES Q-2 (9/2/97), SERIES Q-3 (9/15/98), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW B (SERIES R 6), COLUMN F: SERIES R, TRANCHE 6 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW C (SERIES R 7), COLUMN F: SERIES R, TRANCHE 7 WAS ISSUED TO REFUND PORTIONS OF THE FOLLOWING BOND ISSUES WHICH WERE ISSUED ON THE FOLLOWING DATES: SERIES P (6/13/95), SERIES Z (10/1/00), AND SERIES AA (10/4/01). ROW D (SERIES 2007EE), COLUMN C: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW D (SERIES 2007EE), COLUMN E: SERIES 2007EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $224 MILLION WAS OUTSTANDING ON 6/30/16. ROW D (SERIES 2007EE), COLUMN F: SERIES 2007EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (III) A RENOVATION OF BUILDING SPACE AT 46 BLACKSTONE STREET, CAMBRIDGE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT LOCATED AT THE SAME SITE (THE CORNER OF MEMORIAL DRIVE AND WESTERN AVENUE, CAMBRIDGE); (IV) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (V) INSTALLATION OF UNDERGROUND PIPES AND WIRES IN THE HARVARD LAW SCHOOL AREA, WEST OF OXFORD STREET BETWEEN EVERETT STREET AND KIRKLAND STREET, CAMBRIDGE; (VI) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (VII) RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VIII) RENOVATION OF THE FIRE ALARM AND SPRINKLER SYSTEM, ROOF, AND ROOM INTERIORS AT RESIDENTIAL BUILDINGS IN THE HARVARD LAW SCHOOL AREA, 16-22 EVERETT STREET, CAMBRIDGE; (IX) RENOVATION AND EXTERIOR RESTORATION OF BYERLY HALL, 6-8 GARDEN STREET, CAMBRIDGE; (X) A RENOVATION OF THE MALKIN ATHLETIC CENTER, 39 HOLYOKE STREET, CAMBRIDGE; (XI) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (XII) CONSTRUCTION OF A RESEARCH FACILITY LOCATED AT 16 DIVINITY AVENUE, CAMBRIDGE; (XIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (XIV) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (XV) RENOVATION AND EXTERIOR RESTORATION OF GALLATIN HALL, 24 HARVARD WAY, BOSTON; (XVI) CLASSROOM RENOVATIONS AT THE MCCOLLUM CENTER, 47 HARVARD WAY, BOSTON; (XVII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XVIII) CONSTRUCTION OF A HOUSING DEVELOPMENT AT 387 WESTERN AVENUE, 28 HINGHAM STREET AND 30 HINGHAM STREET, CAMBRIDGE; (XIX) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON; (XX) DESIGN FOR NEW INFRASTRUCTURE SYSTEMS FOR UTILITIES TUNNELS, MATERIALS HANDLING TUNNELS, WATER UTILITIES, WASTEWATER SYSTEMS, AND TRANSMISSION SUBSTATION TO SUPPORT THE ALLSTON CAMPUS, BOSTON; AND (XXI) A RENOVATION OF THE BUILDING FIRE SPRINKLER AND FIRE ALARM AT DUNSTER HOUSE, 945 MEMORIAL DRIVE, CAMBRIDGE. ROW A (SERIES 2008B), COLUMN F: SERIES 2008B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFINANCE CAPITAL EXPENDITURES OF THE UNIVERSITY RELATING TO QUINCY HOUSE, 58 PLYMPTON STREET, CAMBRIDGE. ROW B (SERIES 2009A), COLUMN F: SERIES 2009A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06 AND 12/21/07, AND TO REFUND SERIES GG-1, ISSUED 7/1/04, AND SERIES 2006B, ISSUED 7/20/06 AND PAY RELATED COSTS. ROW C (SERIES 2009EE), COLUMN C: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW C (SERIES 2009EE), COLUMN E: SERIES 2009EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. APPROXIMATELY $60 MILLION WAS OUTSTANDING ON 6/30/16. ROW C (SERIES 2009EE), COLUMN F: SERIES 2009EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON; (II) AN UNDERGROUND PARKING FACILITY LOCATED AT 6-8 EVERETT STREET, CAMBRIDGE; (III) INSTALLATION OF A SATELLITE CHILLED WATER PLANT AND AN ELECTRICAL SUBSTATION LOCATED ON THE EAST SIDE OF OXFORD STREET BETWEEN HAMMOND AND KIRKLAND STREETS, CAMBRIDGE; (IV) RENOVATION OF ROCKEFELLER HALL, 47 FRANCIS AVENUE, CAMBRIDGE; (V) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (VI) LIFE SAFETY FIRE SYSTEM UPGRADES, OTHER RENOVATIONS, AND STRATEGIC PLANNING FOR ADDITIONAL RENEWAL AND RENOVATIONS AT STUDENT RESIDENCES LOCATED AT 45 FLAGG STREET, 10 HOLYOKE PLACE, 56 PLYMPTON STREET, 10 LINDEN STREET, 13-21 & 53 BOW STREET, 26 PLYMPTON STREET, 966 MEMORIAL DRIVE, 967 MEMORIAL DRIVE, 35-39 OXFORD STREET, 36 OXFORD STREET, 1651 MASSACHUSETTS AVENUE, AND 1533-1544 MASSACHUSETTS AVENUE, CAMBRIDGE; (VII) CONSTRUCTION AND EQUIPPING OF THE LABORATORY FOR INTERFACE SCIENCE AND ENGINEERING, 15 OXFORD STREET, CAMBRIDGE; (VIII) AN ADDITION TO THE NEW COLLEGE THEATRE, 10-12 HOLYOKE STREET, CAMBRIDGE; (IX) CONSTRUCTION OF THE NORTHWEST BUILDING, A SCIENCE FACILITY AT 52 OXFORD STREET, CAMBRIDGE; (X) RENOVATIONS TO EXPAND TEACHING LAB SPACE IN THE NORTHWEST BUILDING, 52 OXFORD STREET, CAMBRIDGE; (XI) ROOF, LIFE SAFETY, AND INFRASTRUCTURE UPGRADES TO PERKINS HALL, 35-39 OXFORD STREET, CAMBRIDGE; (XII) COSMETIC, ROOF, INFRASTRUCTURE AND LIFE SAFETY UPGRADES TO BAKER HALL, 45 HARVARD WAY, BOSTON; (XIII) RENOVATION OF BUILDINGS AT 641 AND 643 HUNTINGTON AVENUE, BOSTON; (XIV) A RENOVATION OF OFFICE SPACE IN GORDON HALL, 25 SHATTUCK STREET, BOSTON; AND (XV) CONSTRUCTION OF THE ALLSTON SCIENCE COMPLEX, INCLUDING A PARKING FACILITY AND AN ENERGY FACILITY AT 150 WESTERN AVENUE, BOSTON. ROW D (SERIES 2010A), COLUMN F: SERIES 2010A WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 3/9/06, 12/21/07 AND 7/22/09; TO REFUND PORTIONS OF SERIES Z, ISSUED 11/9/00, AND SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) A RENOVATION OF BUILDING SPACE AND A BOILER REPLACEMENT AND ANCILLARY SYSTEM UPGRADE IN THE BLACKSTONE PLANT, 46 BLACKSTONE STREET, CAMBRIDGE; (III) A RETROFIT OF EXISTING HVAC SYSTEMS FOR LARSEN HALL, 14 APPIAN WAY, CAMBRIDGE; (IV) MAINTENANCE AND TOWER RESTORATION AT LOWELL HOUSE, 10 HOLYOKE PLACE, CAMBRIDGE; (V) RENOVATION OF ADMINISTRATIVE OFFICE AND CLASSROOM SPACE IN PIERCE HALL, 25 OXFORD STREET, CAMBRIDGE; AND (VI) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE.
Schedule K, Part I, Column (f) BOND ISSUES (CONTINUED): ROW A (SERIES 2010B), COLUMN F: SERIES 2010B WAS ISSUED TO REFUND TAX-EXEMPT COMMERCIAL PAPER ISSUED ON 12/21/07 AND 7/22/09; TO REFUND SERIES L, ISSUED 10/4/89, SERIES BB, ISSUED 11/9/00, AND SERIES HH, ISSUED 10/29/03, AND PORTIONS OF SERIES FF, ISSUED 7/24/02 AND PAY RELATED COSTS; AND TO FINANCE THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING AND RELATED RENOVATIONS AND UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (II) RENOVATION, RECONSTRUCTION, AND EXPANSION OF HARVARD UNIVERSITY ART MUSEUMS, 32 QUINCY STREET, CAMBRIDGE; (III) UTILITY INFRASTRUCTURE UPGRADES AT HARVARD LAW SCHOOL, 1585 MASSACHUSETTS AVE, CAMBRIDGE; (IV) RENOVATIONS AND ADDITIONS AT THE HARVARD DEPOSITORY, 1 PINE HILL DRIVE, SOUTHBOROUGH; (V) RENOVATION OF ADMINISTRATIVE OFFICE SPACE IN HOLYOKE CENTER, 1350 MASSACHUSETTS AVENUE, CAMBRIDGE; (VI) RENEWAL AND RENOVATIONS AT WINTHROP HOUSE, 8 MILL STREET, CAMBRIDGE; AND (VII) MAINTENANCE AND TOWER RESTORATION AT ADAMS HOUSE, 10 LINDEN STREET, 13-21 & 53 BOW STREET, AND 26 PLYMPTON STREET, CAMBRIDGE. ROW B (SERIES 2012EE), COLUMN C: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, AND THUS WAS REPRESENTED BY MULTIPLE CUSIPS. ROW B (SERIES 2012EE), COLUMN E: SERIES 2012EE CONSISTED OF TAX-EXEMPT COMMERCIAL PAPER, WITH AN AUTHORIZED AMOUNT OF $1,000,000,000. $564,000 WAS OUTSTANDING ON 6/30/16. ROW B (SERIES 2012EE), COLUMN F: SERIES 2012EE, CONSISTING OF TAX-EXEMPT COMMERCIAL PAPER, WAS ISSUED TO PROVIDE SHORT-TERM FINANCING FOR THE FOLLOWING CAPITAL EXPENDITURES OF THE UNIVERSITY: (I) CONSTRUCTION OF A BUILDING FOR THE ARNOLD ARBORETUM FOR RESEARCH AND ADMINISTRATION LOCATED AT WELD HILL, 1300 CENTRE STREET, BOSTON.
Schedule K, Part II PROCEEDS: LINE 3 (GENERAL NOTE): THE DIFFERENCE BETWEEN AMOUNTS REPORTED IN LINE 3 AND IN COLUMN E OF PART I REPRESENTS INVESTMENT EARNINGS, EXCEPT IN THE CASE OF THE COMMERCIAL PAPER ISSUES (SERIES 2007EE, 2009EE, AND 2012EE), FOR WHICH LINE 3 REPRESENTS THE BALANCE OUTSTANDING ON JUNE 30, 2016 AND COLUMN E OF PART I REPRESENTS THE FULL AUTHORIZED AMOUNT OF THE COMMERCIAL PAPER PROGRAM.
Schedule K, Part II, Line 13 COLUMN D (SERIES 2007EE): ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2016, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
Schedule K, Part II, Line 13 COLUMN C (SERIES 2009EE): ONE OR MORE PROJECTS FINANCED BY THIS BOND SERIES WAS NOT SUBSTANTIALLY COMPLETE AS OF JUNE 30, 2016, ALTHOUGH ALL PROCEEDS DRAWN FOR THE PROJECT HAVE PREVIOUSLY BEEN SPENT.
Schedule K, Part III PRIVATE BUSINESS USE: SERIES R1-5, R6, AND R7: THESE BONDS WERE ISSUED SOLELY TO REFUND PRE-JANUARY 1, 2003 ISSUES AND ARE NOT SUBJECT TO PART III REPORTING.
Schedule K, Part IV ARBITRAGE: LINE 2C (SERIES 2007EE, 2009EE, 2012EE): NO REBATE COMPUTATION WAS NEEDED IN RELATION TO THE UNIVERSITY'S COMMERCIAL PAPER SERIES BECAUSE NO PROCEEDS WERE INVESTED PRIOR TO BEING SPENT. LINE 2C (SERIES 2010A): THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2014 AS OF JUNE 30, 2014. NO REBATE WAS DUE. LINE 2C (SERIES 2010B): THE REBATE COMPUTATION WAS PERFORMED IN AUGUST 2015 AS OF JUNE 30, 2015. NO REBATE WAS DUE.
Schedule K, Part IV, Line 2c COLUMN D Issuer name: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY The calculation for computing no rebate due was performed on 08/01/2014
Schedule K, Part IV, Line 2c COLUMN A Issuer name: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY The calculation for computing no rebate due was performed on 08/15/2015
Schedule K (Form 990) 2015

Additional Data


Software ID: 15000238
Software Version: 2015v3.0

Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet 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.
MediumBulletInformation about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
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 (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
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?
To From Yes No Yes No Yes No
(1) JEFFREY S FLIER
  		KEY EMPLOYEE DEPENDENT'S EDUCATION   X 47,000 12,000   No Yes   Yes  
(2) STEVEN E HYMAN
  		FORMER OFFICER PURCHASE OF HOME   X 750,000 750,000   No Yes   Yes  
Total ...............Small Bullet $ 762,000
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
(1)  
  		  7,000 Fellowships Fellowships
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2015
Schedule L (Form 990 or 990-EZ) 2015
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?
Yes No
(1) DR SOHEYLA GHARIB
  		EMPLOYEE/FAMILY MEMBER OF DIRECTOR 388,488 COMPENSATION   No
(2) BHARAT ANAND
  		EMPLOYEE/FAMILY MEMBER OF KEY EMPLOYEE 393,860 COMPENSATION   No
(3) PETER HIRTLE
  		EMPLOYEE/FAMILY MEMBER OF CURRENT OFFICER 98,029 COMPENSATION   No
(4) CATHERINE LEE SMITH
  		EMPLOYEE/FAMILY MEMBER OF DIRECTOR 23,174 COMPENSATION   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) 2015


Additional Data


Software ID: 15000238
Software Version: 2015v3.0




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large imageComplete 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 imageInformation about Schedule M (Form 990) and its instructions is at www.irs.gov/form990
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
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 14   Other
2 Art—Historical treasures . X 1   Other
3 Art—Fractional interests ..        
4 Books and publications .. X   Other
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 1,265 207,197,984 Market value
10 Securities—Closely held stock . X 1 151,000 Other - APPRAISED VALUE/FMV
11 Securities—Partnership, LLC,
or trust interests .... 		X 3 850,000 Other - Proceeds; Net Asset Value; Qualified Appraisal
12 Securities—Miscellaneous .. X 1 300,000 Other - Net Asset Value
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential . X 2 3,369,002 Other - Appraisal; Appraisal and Opinion of Value
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens .. X 2   Other
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( ARCHIVAL ) X 2   Other
26 Other Right pointing arrow large image ( EQUIPMENT/FURNITURE ) X 1   Other
27 Other Right pointing arrow large image ( OTHER ) X 8 580,734 Other - Appraisal
28 Other Right pointing arrow large image ( )
29
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
29
34
Yes
No
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
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
Yes
 
b
If "Yes," describe in Part II.
33
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) (2015)
Schedule M (Form 990) (2015)
Page 2
Part II
Supplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Return Reference Explanation
Schedule M, Part I COLUMN (B): THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED.
Schedule M, Part I, Line 33 EXPLANATION OF REVENUES NOT REPORTED SFAS 116 PROVIDES THAT CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND SIMILAR ASSETS NEED NOT BE RECOGNIZED AS REVENUES AND CAPITALIZED IF THE DONATED ITEMS ARE ADDED TO COLLECTIONS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. THE UNIVERSITY DOES NOT REPORT REVENUES FOR GIFTS-IN-KIND INTENDED FOR DISPLAY OR IMMATERIAL AMOUNTS. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE DESCRIBING COLLECTIONS FROM THE UNIVERSITY'S FINANCIAL STATEMENTS: "THE UNIVERSITY'S VAST ARRAY OF MUSEUMS AND LIBRARIES CONTAINS PRICELESS WORKS OF ART, HISTORICAL TREASURES, LITERARY WORKS, AND ARTIFACTS. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND THE FURTHERANCE OF PUBLIC SERVICE. THEY ARE NEITHER DISPOSED OF FOR FINANCIAL GAIN NOR ENCUMBERED IN ANY MANNER. ACCORDINGLY, SUCH COLLECTIONS ARE NOT RECORDED FOR FINANCIAL STATEMENT PURPOSES." NOT ALL GIFTS ARE ART GIVEN WITH THE INTENTION OF BEING DISPLAYED. THERE MAY BE INSTANCES WHERE A GIFT OF ART IS MADE WITH THE PURPOSE OF BEING SOLD AND THE PROCEEDS BENEFITING A SPECIFIC PURPOSE OR UNIT AT THE UNIVERSITY. IN SUCH CASES, THE SALE PROCEEDS WOULD BE RECORDED AS GIFT REVENUE AT THE TIME OF SALE.
Schedule M, Part I, Line 33 OTHER NONCASH CONTRIBUTIONS: CERTAIN NONCASH CONTRIBUTIONS LISTED IN PART I HAVE NOT REPORTED AN AMOUNT IN PART I, COLUMN (C). NO AMOUNT IS REPORTED FOR THESE CONTRIBUTIONS EITHER BECAUSE THEY ARE INTENDED FOR DISPLAY, AS DISCUSSED ABOVE, OR BECAUSE THE VALUE OF THE NONCASH CONTRIBUTION IS IMMATERIAL.
Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THIRD PARTIES, SUCH AS AUCTION HOUSES OR BROKERS, MAY BE USED TO SELL NON-CASH CONTRIBUTIONS FOR THE UNIVERSITY, BUT NOT TO PROCESS OR SOLICIT ANY CONTRIBUTIONS FOR THE UNIVERSITY, EXCEPT AS DISCLOSED ON SCHEDULE G, PART I.
Schedule M (Form 990) (2015)

Additional Data


Software ID: 15000238
Software Version: 2015v3.0
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
2015
Open to Public
Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
Return Reference Explanation
Form 990, Part I, Line 5 TOTAL NUMBER OF INDIVIDUALS EMPLOYED: AS REQUIRED BY THE FORM 990 INSTRUCTIONS, THE NUMBER REPORTED ON PART I, LINE 5 REPRESENTS THE TOTAL NUMBER OF FORMS W-2 PRODUCED BY THE UNIVERSITY DURING CALENDAR YEAR 2015. THIS INCLUDES PAYMENTS FOR WORK STUDY AND CERTAIN TEACHING FELLOWS, AS WELL AS SHORT-TERM EMPLOYMENT. THE TOTAL HEAD COUNT FOR FACULTY AND STAFF AS REPORTED ON THE HARVARD UNIVERSITY FACT BOOK FOR OCTOBER 31, 2015 WAS 18,181.
Form 990, Part I, Line 6 VOLUNTEERS: HARVARD IS FORTUNATE TO BENEFIT FROM THE SERVICES OF VOLUNTEERS ACROSS ITS NUMEROUS SCHOOLS, DEPARTMENTS, AND PROGRAMS. WHILE HARVARD DOES NOT TRACK OR ELSEWHERE REPORT THE NUMBER OF ITS VOLUNTEERS, THE UNIVERSITY ESTIMATES THAT THIS FIGURE EXCEEDS 23,000.
Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders CERTAIN ACTIONS OF THE HARVARD CORPORATION, SUCH AS THE ELECTION OF NEW CORPORATION MEMBERS, THE CONFERRAL OF DEGREES, AND AMENDMENTS TO THE UNIVERSITY STATUTES, ARE SUBJECT TO THE CONSENT OF THE UNIVERSITY'S BOARD OF OVERSEERS.
Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED BY THE UNIVERSITY'S TAX RETURN REVIEW COMMITTEES, COMPRISING SENIOR FINANCE STAFF, AND INTERNAL AND EXTERNAL COUNSEL. FORM 990 WAS ALSO REVIEWED BY THE UNIVERSITY'S JOINT COMMITTEE ON INSPECTION, CONSISTING OF MEMBERS OF THE HARVARD CORPORATION AND THE BOARD OF OVERSEERS. THE FINAL FORM 990 WAS PROVIDED TO THE ENTIRE HARVARD CORPORATION BEFORE IT WAS FILED.
Form 990, Part VI, Line 12c Conflict of interest policy ANNUALLY, THE UNIVERSITY'S OFFICE OF THE GENERAL COUNSEL DISTRIBUTES A COPY OF THE HARVARD UNIVERSITY POLICY ON CONFLICTS OF INTEREST AND COMMITMENT FOR SENIOR OFFICERS AND SENIOR ADMINISTRATORS, AND AN ANNUAL DISCLOSURE FORM, TO THE INDIVIDUALS SUBJECT TO THE POLICY. THE COMPLETED FORMS ARE REVIEWED BY THE OFFICE OF THE GENERAL COUNSEL. A PARALLEL PROCESS IS CARRIED OUT ANNUALLY BY THE OFFICE OF THE GOVERNING BOARDS FOR THE UNIVERSITY'S GOVERNING BODY. THE COMPLETED DISCLOSURE FORMS OF MEMBERS OF THE GOVERNING BODY ARE REVIEWED BY BOTH THE OFFICE OF THE GENERAL COUNSEL AND THE SECRETARY OF THE UNIVERSITY.
Form 990, Part VI, Line 15a Process to establish compensation of top management official THE FOLLOWING IS A DESCRIPTION OF THE ANNUAL COMPENSATION REVIEW PROCESS (CROSS-REFERENCE SCHEDULE J, PART I, LINE 3). THE MOST RECENT REVIEW CONDUCTED PRIOR TO THE CLOSE OF FISCAL YEAR 2016 OCCURRED IN MAY 2016. THE OFFICE OF HUMAN RESOURCES INITIATES AN ANNUAL REVIEW PROCESS TIMED SO THAT A FINAL REVIEW CAN BE CONDUCTED BY THE HARVARD CORPORATION DURING ITS APRIL/MAY MEETING. ALL INTERNAL REVIEWS AND NEW SALARY RECOMMENDATIONS ARE CONDUCTED IN ADVANCE OF THE CORPORATION MEETING, GENERALLY INCLUDING RECOMMENDATION BY THE PRESIDENT OF COMPENSATION OTHER THAN THE PRESIDENT'S OWN. THE PROVOST AND THE EXECUTIVE VICE PRESIDENT ADDITIONALLY PROVIDE RECOMMENDATIONS ON THOSE INDIVIDUALS FOR WHOM THEY HAVE ORGANIZATIONAL RESPONSIBILITY, SUBJECT TO THE APPROVAL OF THE PRESIDENT. DURING THE MEETING, THE CORPORATION, WHICH IN FULL SERVES AS THE COMPENSATION COMMITTEE, REVIEWS EACH OF THE PRESIDENT'S PROPOSALS FOR FINAL APPROVAL. THE PRESIDENT DOES NOT PARTICIPATE IN THE DELIBERATIONS OR THE VOTE ON THE PRESIDENT'S OWN COMPENSATION. ALL VOTES ARE MEMORIALIZED IN MINUTES AND PRESERVED, TOGETHER WITH ALL BACKGROUND DATA AND MATERIALS PROVIDED BY THE OFFICE OF HUMAN RESOURCES. THIS ANNUAL REVIEW PROCESS INCLUDES THE COMPILATION OF APPROPRIATE COMPARABILITY COMPENSATION DATA FOR EACH POSITION INCLUDED IN THE REVIEW. THE COMPENSATION COMMITTEE OBTAINS AND RELIES UPON APPROPRIATE COMPENSATION MARKET SURVEY DATA AND ANALYSIS IN EACH CASE PRIOR TO MAKING ITS DETERMINATION. FOR THIS PURPOSE, THE PRINCIPAL SOURCE OF SUCH DATA IS AN ANNUAL REPORT PROVIDED BY AN OUTSIDE CONSULTANT. ADDITIONAL COMPARABILITY DATA FOR REVIEW OF THE PRESIDENT'S COMPENSATION HAS BEEN DRAWN FROM A SECOND EXTERNAL SOURCE THAT IS COMPILED ANNUALLY AND FROM PUBLICLY AVAILABLE FORM 990 INFORMATION. THE INDIVIDUALS TO WHOM THE PROCESS IS APPLIED ARE THE FOLLOWING: 1. THE OFFICERS OF THE UNIVERSITY, INCLUDING THE PRESIDENT, PROVOST, SECRETARY, EXECUTIVE VICE PRESIDENT, AND ALL VICE PRESIDENTS; 2. THE DEANS OF THE FACULTIES, INCLUDING KEY EMPLOYEES; 3. CERTAIN OTHER SENIOR UNIVERSITY PERSONNEL.
Form 990, Part VI, Line 15b Process to establish compensation of other employees THE ANNUAL COMPENSATION REVIEW PROCESS DESCRIBED ABOVE APPLIES TO OTHER OFFICERS AND KEY EMPLOYEES.
Form 990, Part VI, Line 19 Required documents available to the public HARVARD UNIVERSITY MAKES ITS ANNUAL FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. HARVARD'S CONFLICT OF INTEREST POLICY FOR SENIOR OFFICERS AND SENIOR ADMINISTRATORS IS AVAILABLE ON HARVARD'S INTRANET, ACCESSIBLE TO MEMBERS OF THE HARVARD COMMUNITY. HARVARD'S PUBLIC CHARTER IS AVAILABLE UPON REQUEST.
Form 990, Part VII, Section A, Line 1a, Column (B) AVERAGE HOURS PER WEEK: THE UNIVERSITY DOES NOT TRACK HOURS WORKED BY TRUSTEES, OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES. THE AVERAGE HOURS WORKED REPORTED ON PART VII, COLUMN (B) ARE ESTIMATES, WITH 60 HOURS PER WEEK AS AN APPROXIMATION FOR FULL-TIME EMPLOYMENT. THE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS REPRESENTS AN ESTIMATE OF TIME THE INDIVIDUAL SPENDS IN HIS/HER CAPACITY AS A MEMBER OF THE BOARD OF DIRECTORS OF HARVARD AFFILIATES.
Form 990, Part VIII, Line 2f Other Program Service Revenue Lab Services and Other Sales - Total Revenue: 28336101, Related or Exempt Function Revenue: 24826489, Unrelated Business Revenue: 3509612, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Dental Clinic - Total Revenue: 8961889, Related or Exempt Function Revenue: 8961889, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Rental Income from Investment Property - Total Revenue: 24762515, Related or Exempt Function Revenue: , Unrelated Business Revenue: 138396, Revenue Excluded from Tax Under Sections 512, 513, or 514: 24624119; Doubletree - Total Revenue: 28238596, Related or Exempt Function Revenue: , Unrelated Business Revenue: 28238596, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; All Other Program Services Revenue - Total Revenue: 25979120, Related or Exempt Function Revenue: 25979120, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part X, Line 33 NET ASSETS: AS REPORTED IN THE UNIVERSITY'S FY16 FINANCIAL STATEMENTS, THE UNIVERSITY HAS CONSOLIDATED CERTAIN NON-CONTROLLING INTERESTS RELATING TO ITS INVESTMENTS IN REAL ASSETS UNDER ASU 2010-7. THESE NON-CONTROLLING INTERESTS REPRESENT THE PORTION OF THE REAL ASSETS NOT CONTROLLED BY THE UNIVERSITY, BUT REQUIRED TO BE PRESENTED ON THE UNIVERSITY'S BALANCE SHEET UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THESE INTERESTS WERE $986.1 MILLION AS OF JUNE 30, 2016.
Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGES IN NON-CONTROLLING INTERESTS IN POOLED INVESTMENT ACCOUNT - 152500000; CHANGE IN RETIREMENT OBLIGATIONS - -XXX-XX-XXXX; OTHER CHANGES IN SPLIT INTEREST AGREEMENTS - XXX-XX-XXXX; TRANSFERS FROM AFFILIATES ORGANIZATIONS - 68625752; CHANGE IN INTEREST IN TRUSTS HELD BY OTHERS - -7339656; OTHER CHANGES IN NET ASSETS - 7662832;
Schedule J, Part I, Line 7 Non-fixed payments THE UNIVERSITY OFFERS INCENTIVE COMPENSATION FOR OUTSTANDING PERFORMANCE. BONUS AND INCENTIVE PAYMENTS FOR OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES ARE LISTED IN PART II, COLUMN (B)(II).
Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception VICE PRESIDENT HOLLISTER WAS COMPENSATED UNDER AN INITIAL CONTRACT DURING CALENDAR YEAR 2015. THIS COMPENSATION ARRANGEMENT WAS APPROVED IN ADVANCE BY THE TREASURER AND SENIOR FELLOW. THE ENTIRE HARVARD CORPORATION WAS SUBSEQUENTLY INFORMED. V.P. HOLLISTER'S COMPENSATION AFTER JULY 1, 2015 WAS DETERMINED USING THE PROCESS DISCUSSED IN SCHEDULE O "COMPENSATION REVIEW PROCESS".
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


Additional Data


Software ID: 15000238
Software Version: 2015v3.0
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
President and Fellows of Harvard College
 
Employer identification number

04-2103580
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) BEAU GESTE XXV LLC
HRES 1350 MASS AVE
CAMBRIDGE,MA02138
20-2138990 		REAL ESTATE MA 28,242,990 63,679,963 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
(2) DG EQUITY PARTICIPANTS II LLC
131 SOUTH DEARBORN ST 32 FL
CHICAGO,IL60603
98-1167777 		INVESTMENTS DE 25,370,000 168,361,000 DG PARTICIPANTS LTD
 
(3) EGSI LLC
600 ATLANTIC AVE
BOSTON,MA02210
81-3795256 		INVESTMENTS MA 0 0 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
(4) FIELD COURSE LLC
1209 ORANGE ST THE CORP TRUST CO
WILMINGTON,DE19801
00-1069145 		ACADEMIC DE 74,771 110,643 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
(5) HARVARD INTERNATIONAL LLC
1350 MASS AVE STE 980
CAMBRIDGE,MA02138
30-0459737 		INTERNATIONAL SUPPORT MA 0 0 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
(6) HARVARD UNIVERSITY BEACON YARDS LLC
1033 MASS AVE 3RD FL
CAMBRIDGE,MA02138
03-0517218 		REAL ESTATE MA 0 79,744,698 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
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?
Yes No
(1)AFRICA ACADEMY FOR PUBLIC HEALTH
PO BOX 79810 MWAI KIBAKI RD
DAR ES SALAAM    
TZ
RESEARCH TZ     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(2)AMERICAN REPERTORY THEATRE COMPANY INC
64 BRATTLE ST

CAMBRIDGE,MA02138
04-2665867 		PERFORMING ARTS MA 501(c)(3 9 PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(3)ASSOCIACAO DAVID ROCKEFELLER CENTER DE UNIVERSIDADE DE HARVARD
AVENIDA PAULISTA 1337 CJ 171
SAO PAULO   01311200
BR
EDUCATION BR     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(4)BLUE MARBLE HOLDINGS CORP
600 ATLANTIC AVE

BOSTON,MA02210
23-7014581 		INVESTMENT MANAGEMENT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(5)BOTSWANA-HARVARD AIDS INSTITUTE
PRIVATE BAG BO 320
GABORONE    
BC
RESEARCH BC     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(6)CENTRE RECHERCHE EUROPEEN DE LA HBS
62 RUE FRANCOIS 1 ER
PARIS    
FR
RESEARCH SUPPORT FR     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(7)DEMETER HOLDINGS CORP
600 ATLANTIC AVE

BOSTON,MA02210
04-3044742 		INVESTMENT MANAGEMENT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(8)DOYUKAI FUND FOR HARVARD INC
800 BOYLSTON ST

BOSTON,MA02199
04-3478889 		RESEARCH SUPPORT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(9)DUBAI HARVARD FOUNDATION FOR MEDICAL RESEARCH INC
401 PARK DR

BOSTON,MA02215
52-2446955 		EDUCATION AND RESEARCH MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(10)ENDOWMENT FOR RESEARCH IN HUMAN BIOLOGY INC
745 BOYLSTON ST 7TH FL

BOSTON,MA02116
04-2702030 		RESEARCH MA 501(c)(3 Type III-O PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(11)FUNDACION CENTRO DE INVESTIGACION DE LA ESCUELA DE ADMIN DE EMPRESA
CARLOS PELLEGRINI 1163 PISO 12
CONTRAFRENTE
BUENOS AIRES   C1009ABW
AR
RESEARCH SUPPORT AR     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(12)FUNDACION DRCLAS CHILE
AVENIDA DAG HAMMARSKJOLD 3269
SANTIAGO    
CI
FACULTY AND STUDENT ACTIVITIES CI     PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(13)GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC
HMS DEAN OF FAC OF MED

BOSTON,MA02115
04-3293162 		RESEARCH SUPPORT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(14)HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN
C3 BLACKFAN CIRCLE 5TH FL CLSB

BOSTON,MA02115
30-0773387 		RESEARCH MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(15)HARVARD BUSINESS SCHOOL INTERACTIVE INC
SOLDIERS FIELD RD

BOSTON,MA02163
04-3395140 		EXECUTIVE EDUCATION MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(16)HARVARD BUSINESS SCHOOL PUBLISHING CORP
20 GUEST ST STE 700

BRIGHTON,MA02135
04-3177990 		PUBLISHING MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(17)HARVARD DEDICATED ENERGY LIMITED
1033 MASS AVE 3RD FL

CAMBRIDGE,MA02138
03-0425512 		ELECTRICITY PURCHASING MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(18)HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
114 MOUNT AUBURN ST 5TH FL

CAMBRIDGE,MA02138
45-4535664 		GLOBAL SUPPORT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(19)HARVARD GLOBAL RESEARCH SUPPORT CENTRE INDIA
9SE 9TH FL 29 SENAPATI BAPAT MARG
MUMBAI,MAHARASHTRA400028
IN
RESEARCH IN     HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
 
Yes
 
(20)HARVARD GLOBAL RESEARCH SUPPORT CENTRE SOUTH AFRICA NPC
22 BREE ST
CAPE TOWN   8000
SF
RESEARCH SF     HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
 
Yes
 
(21)HARVARD GLOBAL UK
VERNON HOUSE 22 SICILIAN AVE
LONDON   WC1A2QS
UK
RESEARCH UK     HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
 
Yes
 
(22)HARVARD MAGAZINE INC
7 WARE ST

CAMBRIDGE,MA02138
04-6112308 		PUBLISHING MA 501(c)(3 Type III-FI PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(23)HARVARD MANAGEMENT COMPANY INC
600 ATLANTIC AVE

BOSTON,MA02210
23-7361259 		INVESTMENT MANAGEMENT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(24)HARVARD MANAGEMENT PRIVATE EQUITY CORP
600 ATLANTIC AVE

BOSTON,MA02210
04-3070522 		INVESTMENT MANAGEMENT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(25)HARVARD MEDICAL CENTER
25 SHATTUCK ST

BOSTON,MA02115
04-2213292 		MEDICAL EDUCATION MA 501(c)(3 Type I NA
 
 
No
(26)HARVARD NEURODISCOVERY CENTER INC
25 SHATTUCK ST

BOSTON,MA02115
31-1745145 		RESEARCH SUPPORT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(27)HARVARD PRIVATE CAPITAL HOLDINGS INC
600 ATLANTIC AVE

BOSTON,MA02210
04-3070519 		INVESTMENT MANAGEMENT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(28)HARVARD PRIVATE CAPITAL REALTY INC
600 ATLANTIC AVE

BOSTON,MA02210
22-3138409 		INVESTMENT MANAGEMENT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(29)HARVARD REAL ESTATE - ALLSTON INC
1033 MASS AVE 3RD FL

CAMBRIDGE,MA02138
04-3373410 		TITLE HOLDING COMPANY MA 501(c)(25   PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(30)HARVARD REAL ESTATE INC
1033 MASS AVE 3RD FL

CAMBRIDGE,MA02138
04-2649303 		REAL ESTATE BROKERAGE MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(31)HARVARD-YENCHING INSTITUTE
VANSERG HALL 25 FRANCIS AVE

CAMBRIDGE,MA02138
04-2062394 		EDUCATION MA 501(c)(3 Type I NA
 
 
No
(32)ION INC
1350 MASS AVE

CAMBRIDGE,MA02138
22-3032677 		RESEARCH MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(33)LONGWOOD MEDICAL ENERGY COLLABORATIVE INC
160 LONGWOOD AVE

BOSTON,MA02115
04-3476764 		ENERGY SERVICES MA 501(c)(3 Type I NA
 
 
No
(34)MASSACHUSETTS GREEN HIGH PERFORMANCE COMPUTING CENTER INC
100 BIGELOW ST

HOLYOKE,MA01040
27-3014805 		RESEARCH MA 501(c)(3 Type I NA
 
 
No
(35)MGHPCC HOLYOKE INC
100 BIGELOW ST

HOLYOKE,MA01040
45-2257442 		RESEARCH MA 501(c)(3 Type I NA
 
 
No
(36)PHEMUS CORP
600 ATLANTIC AVE

BOSTON,MA02210
04-2997367 		INVESTMENT MANAGEMENT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(37)RED TOP INC
MURR CTR 65 NORTH HARVARD ST

BOSTON,MA02163
51-0189788 		ATHLETICS CT 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(38)SHIPPING VENTURE CORP
600 ATLANTIC AVE

BOSTON,MA02210
04-3263656 		INVESTMENT MANAGEMENT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(39)STUDENT CLUBS OF HBS INC
SOLDIERS FIELD RD

BOSTON,MA02163
57-1152691 		STUDENT SUPPORT MA 501(c)(3 Type I PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
(40)THE CARL J SHAPIRO INSTITUTE FOR EDUCATION AND RESEARCH AT HARVARD
330 BROOKLINE AVE

BOSTON,MA02215
04-3326928 		MEDICAL EDUCATION AND RESEARCH MA 501(c)(3 Type I NA
 
 
No
(41)TRUSTEES FOR HARVARD UNIVERSITY
1033 MASS AVE 3RD FL

CAMBRIDGE,MA02138
53-0199180 		EDUCATION DC 501(c)(3 Type II PRESIDENT AND FELLOWS OF HARVARD COLLEGE
 
Yes
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
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
Yes No Yes No
(1) 144 FULTON MMEE JV LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
47-4542524 		INVESTMENTS DE CAR II HOLDINGS I LLC
  		Excluded 0 22,312,449   No     No 80.42 %
(2) 170 BROADWAY LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
46-4145333 		INVESTMENTS DE CROWN ATLANTIC RETAIL I LLC
  		Excluded 0 14,513,251   No     No 81.05 %
(3) 2007 86TH STREET LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
46-3848056 		INVESTMENTS DE CROWN ATLANTIC RETAIL I LLC
  		Excluded 0 0   No     No 81.05 %
(4) 441 ROCKAWAY OWNER LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
30-0829016 		INVESTMENTS DE CROWN ATLANTIC RETAIL I LLC
  		Excluded 0 3,722,642   No     No 81.05 %
(5) 522 FULTON REALTY LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
13-4215034 		INVESTMENTS DE CAR II HOLDINGS I LLC
  		Excluded 29,322 29,668,537   No     No 80.42 %
(6) ALCION REAL ESTATE PARTNERS II LP

ONE POST OFFICE SQUARE STE 3150
BOSTON,MA02109
26-3400946 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 32,517,125 49,364,787   No     No 80.31 %
(7) ALCION REAL ESTATE PARTNERS LP

ONE POST OFFICE SQUARE STE 3150
BOSTON,MA02109
20-1973523 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded -2,761,580 96,001,515   No     No 93.93 %
(8) ALPINE APARTMENTS LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
90-0908453 		INVESTMENTS DE IEC ATLANTIC III LLC
  		Excluded -12,282 0   No     No 79.00 %
(9) AMERRA AGRI OPPORTUNITY FUND LP

1185 AVE OF THE AMERICAS 18TH FL
NEW YORK,NY10036
27-3310646 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		Excluded 7,993,482 112,895,995   No 109,226   No 99.08 %
(10) ARROWSTREET CAPITAL GLOBAL EQUITY LONGSHORT FUND LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1136230 		INVESTMENTS CJ ARROWSTREET CAPITAL GLOBAL EQUITY LONG SHORT FUND (FEEDER) LTD
  		Excluded 11,466,783 301,224,706   No     No 58.00 %
(11) ATLANTIC CT HOLDINGS II LLC

4343 VON KARMAN AVE STE 200
NEWPORT BEACH,CA92660
46-2548899 		INVESTMENTS DE ATLANTIC WESTERN INDUSTRIAL II LLC
  		Excluded -513,472 15,018,402   No     No 93.50 %
(12) ATLANTIC CT HOLDINGS III LLC

4343 VON KARMAN AVE STE 200
NEWPORT BEACH,CA92660
47-5397308 		INVESTMENTS DE ATLANTIC WESTERN INDUSTRIAL LLC
  		Excluded 0 14,355,000   No     No 99.00 %
(13) ATLANTIC CT HOLDINGS LLC

4343 VON KARMAN AVE STE 200
NEWPORT BEACH,CA92660
46-2501216 		INVESTMENTS DE ATLANTIC WESTERN INDUSTRIAL LLC
  		Excluded 2,839 67,203,288   No     No 93.51 %
(14) ATLANTIC P3 LIFE SCIENCES HOLDINGS LLC

4380 LAJOLLA VILLAGE DR STE 230
SAN DIEGO,CA92122
47-2638594 		INVESTMENTS DE ATLANTIC WLS LLC
  		Excluded 0 164,885,158   No     No 99.80 %
(15) ATLANTIC REGENT HOLDINGS LLC

11990 SAN VICENTE BLVD STE 200
LOS ANGELES,CA90049
47-2097418 		INVESTMENTS DE ATLANTIC WSWO LLC
  		Excluded 912,450 76,325,634   No     No 98.85 %
(16) ATLANTIC SCIOTO HOLDINGS LLC

575 MADISON AVE 16TH FL
NEW YORK,NY10022
47-1979711 		INVESTMENTS DE ATLANTIC DEBT INVESTOR LLC
  		Excluded 2,228,597 106,722,718   No     No 99.63 %
(17) ATLANTIC TORONTO LP

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
35-2384789 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 1,228,674 12,909,609   No     No 100.00 %
(18) BAINBRIDGE CC URBANA APARTMENTS LLC

12765 W FOREST HILL BLVD STE 1307
WELLINGTON,FL33414
80-0910794 		INVESTMENTS DE BLUE ATLANTIC URBANA LLC
  		Excluded 0 13,462,418   No     No 88.20 %
(19) BAUPOST INSTITUTIONAL REALTY PARTNERS LLC - I

10 ST JAMES AVE STE 1700
BOSTON,MA02116
04-3437926 		INVESTMENTS MA HB INSTITUTIONAL LP
  		Excluded -5,911 62,337   No     No 62.68 %
(20) BAUPOST INSTITUTIONAL REALTY PARTNERS LLC - II

10 ST JAMES AVE STE 1700
BOSTON,MA02116
04-3481078 		INVESTMENTS MA HB INSTITUTIONAL LP
  		Excluded -7,330 0   No     No 59.53 %
(21) BAYNORTH REALTY FUND IV LP

200 CLARENDON ST 54TH FL
BOSTON,MA02116
04-3423446 		INVESTMENTS MA HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 272,992 5,080,831   No     No 90.10 %
(22) B-BROOK-B SARL

20 RUE DE LA POSTE
    L2346
LU
98-0558809 		INVESTMENTS LU HB INSTITUTIONAL LP
  		Excluded 0 0   No     No 54.61 %
(23) BH INVESTMENTS FUND LLC

655 THIRD AVE 11TH FL
NEW YORK,NY10017
04-3070522 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		Excluded -42,338,504 224,489,123   No     No 100.00 %
(24) BLUE ATLANTIC ACQUISITION GROUP II LLC

353 NORTH CLARK ST STE 730
CHICAGO,IL60654
90-0909419 		INVESTMENTS DE ATLANTIC STUDENT HOUSING LLC
  		Excluded 12,147,607 95,442,279   No     No 98.00 %
(25) BLUE ATLANTIC ACQUISITION GROUP LLC

353 NORTH CLARK ST STE 730
CHICAGO,IL60654
27-4668306 		INVESTMENTS DE ATLANTIC STUDENT HOUSING LLC
  		Excluded 8,571,181 49,546,217   No     No 98.00 %
(26) BPR CO-INVESTOR LLC

7121 FAIRWAY DR STE 410
PALM BEACH GARDENS,FL33418
20-8376342 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 803,452 0   No     No 100.00 %
(27) CA USQUARE LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
47-3889463 		INVESTMENTS DE ATLANTIC USQUARE LLC
  		Unrelated -648,326 83,322,998   No     No 90.00 %
(28) CARMEL HOUSE APARTMENTS LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
46-1377243 		INVESTMENTS DE IEC ATLANTIC III LLC
  		Excluded -15,844 0   No     No 92.83 %
(29) CCC INVESTORS HOLDINGS II LP

2310 WASHINGTON ST
NEWTON LOWER FALLS,MA02462
47-2033623 		INVESTMENTS DE ATLANTIC CRI II LLC
  		Excluded 525,454 8,666,359   No     No 100.00 %
(30) CERBERUS MA PARTNERS LP

190 ELGIN AVE
GEORGE TOWN,GRAND CAYMANKYI9005
CJ
36-4762301 		INVESTMENTS CJ ATLANTIC CIREP EUROPE LLC
  		Excluded 13,477,771 166,471,061   No     No 98.52 %
(31) CH NBS LTD

47 ESPLANADE
ST HELIER,CHANNEL ISLANDSJEI0BD
JE
98-1207239 		INVESTMENTS JE ATLANTIC NBS LTD
  		Excluded -196,022 5,960,412   No     No 80.00 %
(32) CH OCEANSIDE LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
46-2568911 		INVESTMENTS DE CROWN ATLANTIC 2756 LONG BEACH RD LLC
  		Excluded 0 5,102,308   No     No 80.42 %
(33) CHAMBERS BURGER PROPERTY LP

1370 AVE OF THE AMERICAS
NEW YORK,NY10019
46-0986140 		INVESTMENTS DE CB EQUITY LLC
  		Excluded 730,799 20,762,406   No     No 71.93 %
(34) CHEROKEE INVESTMENT PARTNERS III PARALLEL FUND LP

111 EAST HARGETT ST STE 300
RALEIGH,NC27601
71-0890767 		INVESTMENTS DE HPC CHEROKEE VENTURES LLC
  		Unrelated -84,102 6,301,891   No     No 53.05 %
(35) CIREP IV INSTITUTIONAL FEEDER LP

190 ELGIN AVE
GEORGE TOWN,GRAND CAYMANKYI9005
CJ
98-1265836 		INVESTMENTS CJ ATLANTIC CIREP EUROPE LLC
  		Excluded 19,766 10,128,078   No     No 70.62 %
(36) COMPOSITION CAPITAL ASIA FUND II CV

STRAWINSKYLAAN 1749 WTC 12TH FL
AMSTERDAM   1077XX
NL
98-0563996 		INVESTMENTS NL COMPOSITION CAPITAL ASIA II FEEDER CV
  		Excluded -2,016,222 37,086,460   No     No 58.40 %
(37) CORAL SENIOR HOUSING II LLC

1275 PENNSYLVANIA AVE NW 2ND FL
WASHINGTON,DC20004
32-0410036 		INVESTMENTS DE CSH LIVING II LLC
  		Excluded 0 91,569,355   No     No 99.50 %
(38) CORAL SENIOR HOUSING III LLC

1275 PENNSYLVANIA AVE NW 2ND FL
WASHINGTON,DC20004
38-3931197 		INVESTMENTS DE CSH LIVING III LLC
  		Excluded 0 55,624,687   No     No 99.50 %
(39) CORAL SENIOR HOUSING LLC

1275 PENNSYLVANIA AVE NW 2ND FL
WASHINGTON,DC20004
27-3934030 		INVESTMENTS DE CSH LIVING LLC
  		Excluded 0 6,242,502   No     No 93.56 %
(40) CORAL-FSP INVESTMENT FUND I LLC

178 SOUTH MAIN ST STE 375
ALPARETTA,GA30009
45-3203414 		INVESTMENTS DE CSH PROGRAM REIT INC
  		Excluded -244,268 11,187,434   No     No 74.85 %
(41) CORAL-FSP INVESTMENT FUND II LLC

178 SOUTH MAIN ST STE 375
ALPARETTA,GA30009
90-1033350 		INVESTMENTS DE CSH PROGRAM REIT II INC
  		Excluded -187,952 17,269,957   No     No 84.58 %
(42) CREEKSIDE GLEN APARTMENTS LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
46-1384936 		INVESTMENTS DE IEC ATLANTIC III LLC
  		Excluded -62,869 0   No     No 92.83 %
(43) CROSSPOINT TECHNOLOGY HOLDINGS LLC

300 3RD AVE STE 2
WALTHAM,MA02451
04-3520886 		INVESTMENTS DE BAYNORTH REALTY FUND IV LP
  		Excluded 301,500 11,361,277   No     No 81.09 %
(44) CROWN 144 FULTON LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
47-3233984 		INVESTMENTS DE 144 FULTON MMEE JV LLC
  		Excluded -689,421 27,743,521   No     No 77.23 %
(45) CROWN ATLANTIC INTL OLIVE LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
47-1830643 		INVESTMENTS DE CROWN ATLANTIC RETAIL I LLC
  		Excluded 0 9,018,186   No     No 83.30 %
(46) CROWN ATLANTIC RETAIL II LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
36-4806500 		INVESTMENTS DE ATLANTIC URBAN RETAIL INC
  		Excluded 0 82,782,330   No     No 89.36 %
(47) CROWN ATLANTIC RETAIL LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
46-1605646 		INVESTMENTS DE ATLANTIC URBAN RETAIL INC
  		Excluded 0 34,620,983   No     No 90.05 %
(48) CROWN ICS 5TH ACQUISITIONS LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
47-1827246 		INVESTMENTS DE ATLANTIC URBAN RETAIL INC
  		Excluded 0 42,465,459   No     No 60.57 %
(49) CROWN SRP LLC

767 5TH AVE STE 2400
NEW YORK,NY10153
47-2106149 		INVESTMENTS DE ATLANTIC URBAN RETAIL INC
  		Excluded 0 1,311,894   No     No 80.00 %
(50) CVI CHVF LP

9320 EXCELSIOR BLVD MS144-7-2
HOPKINS,MN55343
80-0941373 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		Excluded 5,633,989 112,344,035   No 39,074   No 99.99 %
(51) CYPRESS CREEK APARTMENTS LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
46-1403554 		INVESTMENTS DE IEC ATLANTIC III LLC
  		Excluded -37,479 0   No     No 92.83 %
(52) DENHAM COMMODITY PARTNERS FUND II LP

185 DARTMOUTH ST 7TH FL
BOSTON,MA02116
77-0644776 		INVESTMENTS DE HARVARD PRIVATE CAPITAL HOLDINGS INC
  		Excluded -11,399,965 0   No     No 81.97 %
(53) DEVONIAN LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02110
90-0721046 		INVESTMENTS DE MEDOWLARK LLC
  		Excluded 0 0   No     No 99.91 %
(54) DS CO-INVESTORS LLC

7121 FAIRWAY DR STE 410
PALM BEACH GARDENS,FL33418
55-0911808 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 0 0   No     No 50.00 %
(55) EAE ATLANTIC LLC

1065 AVE OF THE AMERICAS 31ST FL
NEW YORK,NY10024
36-4743445 		INVESTMENTS DE ATLANTIC WFH INVESTOR LLC
  		Excluded 0 372,976,749   No     No 90.90 %
(56) EDGE PRINCIPAL INVESTMENTS III PV LP

1700 BROADWAY 38TH FL
NEW YORK,NY10019
47-5253229 		INVESTMENTS DE ATLANTIC FUND HOLDINGS LLC
  		Excluded -966,448 26,902,872   No     No 85.10 %
(57) GAVEA JUS BG 1 - MASTER LP

3500 S DUPONT HWY
DOVER,DE19901
46-2781217 		INVESTMENTS DE GAVEA JUS BG 1 - FEEDER LP
  		Excluded -1,619,757 2,766,721   No     No 100.00 %
(58) GBE INVESTMENTS LP

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
INVESTMENTS CJ BLUE MARBLE HOLDINGS CORP
  		Excluded -3,959,117 213,163,208   No     No 98.70 %
(59) GERRITY ATLANTIC RETAIL PARTNERS LLC

973 LOMAS SANTA FE DR
SOLANA BEACH,CA92075
27-4257497 		INVESTMENTS DE ATLANTIC RETAIL WEST LLC
  		Excluded 10,119,923 88,287,878   No     No 98.72 %
(60) GREENFIELD BLR FINANCE PARTNERS LP

2 POST RD WEST
WESTPORT,CT06880
27-4267038 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		Excluded 0 332,503   No     No 69.10 %
(61) GREENFIELD BLR PARTNERS LP

2 POST RD WEST
WESTPORT,CT06880
20-1221910 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		Excluded 39,277 6,400   No     No 69.10 %
(62) GREENHAVEN APARTMENTS LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
27-4746803 		INVESTMENTS DE IEC ATLANTIC I LLC
  		Excluded 26,492,508 1,913,664   No     No 91.63 %
(63) GUEPARDO MASTER FUND LLC

700 14 ANDAR
SAO PAULO   04542000
BR
98-0536488 		INVESTMENTS BR ITAY LLC
  		Excluded -23,405,448 17,570,000   No     No 85.06 %
(64) HAMPDEN INSURANCE PARTNERS I LP

94 SOLARIS AVE PO BOX 1348
CAMANA BAY,GRAND CAYMANKY11108
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		Excluded 0 14,837,054   No     No 99.00 %
(65) HARVARD COMMINGLED ACCOUNT

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
04-3344621 		INVESTMENTS MA PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		Excluded 682,777,330 3,635,514,262   No   Yes   95.74 %
(66) HARVARD INVESTMENT ASSOCIATES

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
04-3507407 		INVESTMENTS DE HARVARD PRIVATE CAPITAL HOLDINGS INC
  		Excluded 6,430,622 20,798,657   No 520,311   No 100.00 %
(67) HB INSTITUTIONAL LP

10 ST JAMES AVE STE 1700
BOSTON,MA02116
04-3425685 		INVESTMENTS MA HARVARD PRIVATE CAPITAL HOLDINGS INC
  		Excluded 75,504,134 1,960,385,684   No 8,672,781   No 98.87 %
(68) HFMM 770 BAY LP

4711 YONGE ST STE 1400
TORONTO,ONTARIOM2N7E4
CA
INVESTMENTS CA ALCION REAL ESTATE PARTNERS LP
  		Excluded 81,960 92,153   No     No 93.93 %
(69) HFMM LP

4711 YONGE ST STE 1400
TORONTO,ONTARIOM2N7E4
CA
INVESTMENTS CA ALCION REAL ESTATE PARTNERS LP
  		Excluded -2,325,413 892,786   No     No 93.93 %
(70) HLS SPV LLC

1345 AVE OF AMERICAS 42ND FL
NEW YORK,NY10105
47-2205984 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		Excluded 0 3,444,190   No     No 99.71 %
(71) HMC JUWEEL HOLDINGS LP

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1196430 		INVESTMENTS CJ HMC JUWEEL INVESTORS LP
  		Excluded -738,666 24,026,534   No     No 100.00 %
(72) IEC ATLANTIC I LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
27-3609237 		INVESTMENTS DE ATLANTIC MULTIFAMILY HOUSING LLC
  		Excluded 35,848,687 300   No     No 98.00 %
(73) IEC ATLANTIC II LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
37-1657369 		INVESTMENTS DE ATLANTIC MULTIFAMILY HOUSING LLC
  		Excluded 21,989,458 10,564   No     No 98.00 %
(74) IEC ATLANTIC III LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
32-0390438 		INVESTMENTS DE ATLANTIC MULTIFAMILY HOUSING III LLC
  		Excluded -200,737 67,529   No     No 98.75 %
(75) IEC BREAKWATER LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
45-4447102 		INVESTMENTS DE IEC ATLANTIC II LLC
  		Excluded 10,338,100 209,532   No     No 88.20 %
(76) IEC HIDDEN CREEK LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
45-3083079 		INVESTMENTS DE IEC ATLANTIC I LLC
  		Excluded 11,336,445 98,294   No     No 78.40 %
(77) INDY BLUE EQUITY LLC

1370 AVE OF THE AMERICAS
NEW YORK,NY10019
45-3668839 		INVESTMENTS DE INDY BLUE MANAGER LLC
  		Excluded 0 45,314,055   No     No 71.93 %
(78) IRON POINT CO-INVESTMENT I LLC

201 MAIN ST STE 2300
FORT WORTH,TX76102
45-4748900 		INVESTMENTS DE ATLANTIC T5 HOLDINGS LLC
  		Excluded 3 85,570,971   No     No 84.21 %
(79) IRON POINT REAL ESTATE PARTNERS III-TE (H) LP

201 MAIN ST STE 2300
FORT WORTH,TX76102
61-1740169 		INVESTMENTS DE ATLANTIC IP3 HOLDINGS LLC
  		Unrelated -349,465 16,625,175   No     No 99.97 %
(80) IRON POINT REAL ESTATE PARTNERS II-TE (H) LP

201 MAIN ST STE 2300
FORT WORTH,TX76102
45-2502061 		INVESTMENTS DE ATLANTIC IP HOLDINGS LLC
  		Excluded 3,381,769 43,277,594   No     No 99.68 %
(81) IRON POINT REAL ESTATE PARTNERS-TE (H) LP

201 MAIN ST STE 2300
FORT WORTH,TX76102
26-0526961 		INVESTMENTS TX HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 4,236,498 46,885,418   No     No 73.45 %
(82) ISLA VISTA ACQUISITION GROUP LLC

353 NORTH CLARK ST STE 730
CHICAGO,IL60654
27-2436234 		INVESTMENTS DE ATLANTIC STUDENT HOUSING LLC
  		Excluded 29,507,167 0   No     No 70.00 %
(83) ISLAND C-III ATLANTIC HOLDINGS LLC

300 N MAIN ST STE 402
GREENVILLE,SC29601
47-1180960 		INVESTMENTS DE ATLANTIC C-III LLC
  		Unrelated 1,298,425 15,198,717   No     No 100.00 %
(84) JEN CAPITAL II REAL ESTATE FUND LP

19/F WORLDWIDE HSE 19 DES VOEUX RD
HONG KONG    
CH
98-1102667 		INVESTMENTS CH COMPOSITION CAPITAL ASIA FUND II CV
  		Excluded -125,707 1,679,823   No     No 55.62 %
(85) L-A SATURN ACQUISITION LP

2929 ARCH ST STE 1650
PHILADELPHIA,PA19104
30-0825127 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Unrelated -1,975,186 394,548,608   No     No 66.09 %
(86) LIQUID REALTY PARTNERS IV (PF1) LP

101 MARKET ST 769 CAMANA BAY
GEORGE TOWN,GRAND CAYMANKY19006
CJ
26-0346359 		INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 7,099,022 2,252,776   No     No 100.00 %
(87) LIQUID REALTY PARTNERS IV INVESTMENTS AIV (PF1) LP

199 E LINDA MESA AVE 10
DANVILLE,CA94526
 INVESTMENTS DE LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LTD
  		Excluded 0 0   No     No 100.00 %
(88) LIQUID REALTY PARTNERS IV INVESTMENTS II AIV (PF1) LP

199 E LINDA MESA AVE 10
DANVILLE,CA94526
 INVESTMENTS DE LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) II LP
  		Excluded 0 0   No     No 100.00 %
(89) LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LP

101 MARKET ST 769 CAMANA BAY
GEORGE TOWN,GRAND CAYMANKY19006
CJ
26-0489545 		INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 0 1,531,669   No     No 100.00 %
(90) LONGFELLOW ATLANTIC HOLDINGS LLC

260 FRANKLIN ST STE 1520
BOSTON,MA02210
80-0965922 		INVESTMENTS DE ATLANTIC SCIENCE LLC
  		Excluded 1,284,611 72,024,068   No     No 99.00 %
(91) LUBERT-ADLER CAPITAL REAL ESTATE FUND III LP

2929 ARCH ST STE 1650
PHILADELPHIA,PA19104
52-2279515 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 435,241 10,405,670   No     No 77.86 %
(92) LUBERT-ADLER REAL ESTATE FUND VII LP

2929 ARCH ST STE 1650
PHILADELPHIA,PA19104
80-0955742 		INVESTMENTS DE ATLANTIC LAREF VII LLC
  		Excluded -1,807,145 77,212,002   No     No 98.04 %
(93) MCRB LLC

152 WEST 57TH ST 46TH FL
NEW YORK,NY10019
46-1235435 		INVESTMENTS DE SAPPHIRE HOSPITALITY LLC
  		Excluded 10,574,705 86,720,911   No     No 74.79 %
(94) MCRS LLC

152 WEST 57TH ST 46TH FL
NEW YORK,NY10019
27-3637201 		INVESTMENTS MD SAPPHIRE HOSPITALITY LLC
  		Excluded 11,815,786 88,679,118   No     No 85.90 %
(95) MDH ATLANTIC HOLDINGS LLC

3715 NSIDE PKWY NW BLDG 400
ATLANTA,GA30327
46-5214306 		INVESTMENTS DE ATLANTIC SOUTHEAST INDUSTRIAL LLC
  		Excluded 3,782,434 86,908,593   No     No 97.67 %
(96) OAK-MOSSER LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
81-3349445 		INVESTMENTS DE ATLANTIC OAK LLC
  		Excluded 0 0   No     No 93.00 %
(97) PAG ASIA ALPHA LP

103 S CHURCH ST
GEORGE TOWN,GRAND CAYMANKY11106
CJ
INVESTMENTS CJ PAG ASIA ALPHA FEEDER LTD
  		Excluded 0 0   No     No 100.00 %
(98) PATIO GARDENS LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
45-5311665 		INVESTMENTS DE IEC ATLANTIC II LLC
  		Excluded 7,977,475 345,578   No     No 83.30 %
(99) PSI ATLANTIC HOLDINGS II LLC

530 OAK COURT DR STE 185
MEMPHIS,TN38117
81-0786898 		INVESTMENTS DE ATLANTIC SELF STORAGE LLC
  		Excluded -116 0   No     No 98.67 %
(100) PSI ATLANTIC HOLDINGS III LLC

530 OAK COURT DR STE 185
MEMPHIS,TN38117
81-0780333 		INVESTMENTS DE ATLANTIC SELF STORAGE LLC
  		Excluded -235 4,422,868   No     No 98.67 %
(101) PSI ATLANTIC HOLDINGS LLC

530 OAK COURT DR STE 185
MEMPHIS,TN38117
46-4391864 		INVESTMENTS DE ATLANTIC SELF STORAGE LLC
  		Excluded 29,226,434 396,794   No     No 98.67 %
(102) QUEENS VENTURES LLC

1065 AVE OF THE AMERICAS 31ST FL
NEW YORK,NY10024
80-0963664 		INVESTMENTS DE EAE ATLANTIC II INC
  		Excluded 0 333,419,618   No     No 87.04 %
(103) ROUND TABLE INTEREST RATE INTERMEDIATE FUND LTD

REGATTA OFFICE PK WEST BAY RD
  GRAND CAYMANKY11205
CJ
INVESTMENTS CJ ROUND TABLE INTEREST RATE FUND LTD
  		Excluded 0 0   No     No 59.94 %
(104) RUBY ATLANTIC AJCP HOLDINGS LLC

133 NORTH JEFFERSON ST 4TH FL
CHICAGO,IL60661
46-4623957 		INVESTMENTS DE RUBY ATLANTIC HOSPITALITY LLC
  		Excluded 0 209,929,341   No     No 74.19 %
(105) SF MEZZ LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
81-1908770 		INVESTMENTS DE ATLANTIC SF MEZZ LLC
  		Excluded 387,455 35,989,796   No     No 95.00 %
(106) SOIL INNOVATIONS LLC

CT CORP 1209 ORANGE ST
WILMINGTON,DE19801
90-0538481 		INVESTMENTS DE PHEMUS CORP
  		Excluded -48,975 319,369,255   No     No 100.00 %
(107) SOUTHWOOD GARDENS LLC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
45-4154784 		INVESTMENTS DE IEC ATLANTIC II LLC
  		Excluded 5,811,206 219,011   No     No 93.10 %
(108) TDC ATLANTIC HOLDINGS LLC

5130 SOUTH ALSTON AVE STE 210
DURHAM,NC27713
47-5340743 		INVESTMENTS DE ATLANTIC SE OFFICE LLC
  		Excluded 0 4,674,087   No     No 95.39 %
(109) TETRIS PROPERTY LP

1370 AVE OF THE AMERICAS
NEW YORK,NY10019
46-1625319 		INVESTMENTS DE USRA ATLANTIC NET LEASE CAPITAL CORP
  		Excluded 765,323 29,775,254   No     No 71.93 %
(110) THE TRITON FUND II NO 2 LP

23-27 SEATON PL
ST HELIER   JE23QL
JE
98-0634601 		INVESTMENTS JE HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		Excluded 15,733,241 557,680   No     No 100.00 %
(111) THE VILLAGE 2 LLC

4970 EL CAMINO REAL STE 220
BOSTON,MA94022
45-3159941 		INVESTMENTS DE IEC ATLANTIC I LLC
  		Excluded 0 0   No     No 78.41 %
(112) THE WILDHORN FUND LP

REGATTA OFFICE PK WEST BAY RD
  GRAND CAYMAN  
CJ
98-0527266 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		Excluded -763,261 471,450   No     No 100.00 %
(113) TRAVIS COAL RESTRUCTURED HOLDINGS LLC

185 DARTMOUTH ST 7TH FL
BOSTON,MA02116
20-2595311 		INVESTMENTS DE DENHAM COMMODITY PARTNERS FUND II LP
  		Excluded -3,205,398 0   No     No 54.49 %
(114) TRUE ARROW CHINA INVESTMENTS MASTER FUND LTD

89 NEXUS WAY CAMANA BAY
  GRAND CAYMANKY19007
CJ
INVESTMENTS CJ TRUE ARROW CHINA INVESTMENTS LTD
  		Excluded -3,751,163 95,603,021   No     No 93.00 %
(115) USRA ATLANTIC CAPITAL PARTNERS LLC

1370 AVE OF THE AMERICAS
NEW YORK,NY10019
45-2686195 		INVESTMENTS DE ATLANTIC NET LEASE INVESTOR LLC
  		Excluded 12,547,970 70,023,110   No     No 71.93 %
(116) VERBENA LLC DBA PURPLE VERBENA LLC

113 S LA BREA AVE
LOS ANGELES,CA90036
90-0708621 		INVESTMENTS DE DEVONIAN LLC
  		Excluded 103,932,810 0   No -1,734,175   No 84.69 %
(117) WASHINGTON HEIGHTS I LLC

1065 AVE OF THE AMERICAS 31ST FL
NEW YORK,NY10024
80-0858078 		INVESTMENTS DE EAE ATLANTIC I INC
  		Excluded -75,656 14,876,972   No     No 90.90 %
(118) WBH KIRBY HILL CO-INVESTMENT LLC

7121 FAIRWAY DR STE 410
PALM BEACH GARDENS,FL33418
14-1933484 		INVESTMENTS DE HARVARD PRIVATE CAPITAL REALTY INC
  		Excluded 0 -1,442,703   No     No 100.00 %
(119) XILOS DAKOTA SEPARATE LP

11-15 SEATON PL
ST HELIER   JE40QH
JE
98-1293611 		INVESTMENTS JE HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		Excluded 0 14,936,390   No     No 59.06 %
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?
Yes No
(1) 2226081 ONTARIO LTD

333 BAY ST STE 3400
TORONTO,ONTARIOM5H2S7
CA
20-1973523 		INVESTMENTS CA ALCION REAL ESTATE PARTNERS LP
  		C Corporation -510,936 10,660,215 93.93 % Yes  
(2) 365 CHURCH STREET LP

4711 YONGE ST STE 1400
TORONTO,ONTARIOM2N7E4
CA
INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation -89,454 24,904,606 56.32 % Yes  
(3) ADELAIDE-PETER DEVELOPMENTS

4711 YONGE ST STE 1400
TORONTO,ONTARIOM2N7E4
CA
98-0684328 		INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation 26,226,631 31,157,673 53.15 % Yes  
(4) AGRICOLA BRINZAL LTDA

AV SANTA MARIA 6350 OFICINA 307
VITACURA,SANTIAGO  
CI
INVESTMENTS CI AGRICOLA E INVERSIONES PAMPA ALEGRE SA
  		C Corporation -3,291,231 13,931,835 100 % Yes  
(5) AGRICOLA DURAMEN LTDA

AV SANTA MARIA 6350 OFICINA 307
VITACURA,SANTIAGO  
CI
INVESTMENTS CI AGRICOLA E INVERSIONES PAMPA ALEGRE SA
  		C Corporation -999,383 2,889,666 100 % Yes  
(6) AGRICOLA E INVERSIONES PAMPA ALEGRE SA

AV SANTA MARIA 6350 OFICINA 307
VITACURA,SANTIAGO  
CI
INVESTMENTS CI INVERSIONES TRES CUMBRES LTDA
  		C Corporation 2,897,761 12,331,768 100 % Yes  
(7) AGRICOLA EL CARDONAL LTDA

LO FONTECILLA NO 201 STE 834
LAS CONDES,SANTIAGO  
CI
98-1204153 		INVESTMENTS CI CLAG (CHILE) SPA
  		C Corporation -1,334,798 31,195,043 100 % Yes  
(8) AGRICOLA FUNDO BUCALEMU LTDA

DEL INCA NO 4446 OFICINA 1007
LAS CONDES,SANTIAGO  
CI
98-0639220 		INVESTMENTS CI CLAG (CHILE) SPA
  		C Corporation 46,321 33,083,930 100 % Yes  
(9) AGRICOLA LOS RIOS SPA

AV SANTA MARIA 6350 OFICINA 307
VITACURA,SANTIAGO  
CI
98-1209592 		INVESTMENTS CI PHEMUS CORP
  		C Corporation 1,290,275 8,458,773 100 % Yes  
(10) AGRICOLA RAPEL LTDA

DEL INCA NO 4446 OFICINA 1007
LAS CONDES,SANTIAGO  
CI
98-0639218 		INVESTMENTS CI CLAG (CHILE) SPA
  		C Corporation -310,546 11,402,656 100 % Yes  
(11) AGRICOLA RETIRO LTDA

DEL INCA NO 4446 OFICINA 1007
LAS CONDES,SANTIAGO  
CI
INVESTMENTS CI CLAG (CHILE) SPA
  		C Corporation -630,747 17,400,258 100 % Yes  
(12) AGRICOLA RIBERA LTDA

DEL INCA NO 4446 OFICINA 1007
LAS CONDES,SANTIAGO  
CI
INVESTMENTS CI CLAG (CHILE) SPA
  		C Corporation -383,734 6,078,253 100 % Yes  
(13) AGROFLORESTAL VERDE SUL SA

RODOVIA RS-473 KM 22
DISTRICT MATARAZZO PEDRO OSORIO,RIO GRANDE DO SUL  
BR
INVESTMENTS BR CATTLEYA LLC
  		C Corporation -555,193 36,616,725 100 % Yes  
(14) AQUILA INC

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-0532782 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation 2,745,100 43,034,911 100 % Yes  
(15) ARA INC

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-0543813 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation -1,065,554 1,887,022 100 % Yes  
(16) ARROWSTREET CAPITAL GLOBAL EQUITY LONG SHORT FUND (FEEDER) LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1137946 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation 10,328,959 127,454,383 60 % Yes  
(17) ASIA LANDMARK SPECIAL FUND LTD

50 COLLYER QUAY 08-01 OUE
BAYFRONT,SINGAPORE49321
SN
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation -13,048,058 112,095,944 100 % Yes  
(18) ATLANTIC AVENUE REALTY LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
98-0533323 		INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation 850,317 13,460,652 100 % Yes  
(19) ATLANTIC BRIDGE REIT INC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
81-0810982 		INVESTMENTS DE ATLANTIC US REAL ESTATE LLC
  		C Corporation 0 0 100 % Yes  
(20) ATLANTIC CAYMAN LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1219940 		INVESTMENTS CJ ATLANTIC INTERNATIONAL REAL ESTATE LLC
  		C Corporation 0 18,517,720 100 % Yes  
(21) ATLANTIC CT REIT II INC

4343 VON KARMAN AVE STE 200
NEWPORT BEACH,CA92660
47-5565843 		INVESTMENTS DE ATLANTIC CT HOLDINGS III LLC
  		C Corporation -96,427 33,921,411 99 % Yes  
(22) ATLANTIC CT REIT INC

4343 VON KARMAN AVE STE 200
NEWPORT BEACH,CA92660
46-2500323 		INVESTMENTS DE ATLANTIC CT HOLDINGS LLC
  		C Corporation -818,725 146,997,896 93.51 % Yes  
(23) ATLANTIC DV HOLDINGS LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1196247 		INVESTMENTS CJ ATLANTIC INTERNATIONAL REAL ESTATE LLC
  		C Corporation -6,445,596 68,995,048 100 % Yes  
(24) ATLANTIC EUROPE INVESTMENTS GP LTD

50 LOTHIAN RD
EDINBURGH   EH39WJ
UK
INVESTMENTS UK HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation 0 0 100 % Yes  
(25) ATLANTIC EUROPE INVESTMENTS LP

50 LOTHIAN RD
EDINBURGH   EH39WJ
UK
98-0670648 		INVESTMENTS UK HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation -1,275,260 41,105,150 100 % Yes  
(26) ATLANTIC FM LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1249059 		INVESTMENTS CJ ATLANTIC INTERNATIONAL REAL ESTATE LLC
  		C Corporation -6,399,988 16,866,940 100 % Yes  
(27) ATLANTIC NBS LTD

47 ESPLANADE
ST HELIER,CHANNEL ISLANDSJEI0BD
JE
98-1220176 		INVESTMENTS JE ATLANTIC INTERNATIONAL REAL ESTATE LLC
  		C Corporation -181,456 5,706,441 100 % Yes  
(28) ATLANTIC NREP II LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1273705 		INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation -195,491 5,554,964 100 % Yes  
(29) ATLANTIC P3 PROGRAM REIT INC

4380 LAJOLLA VILLAGE DR STE 230
SAN DIEGO,CA92122
47-2704934 		INVESTMENTS DE ATLANTIC P3 LIFE SCIENCE HOLDINGS LLC
  		C Corporation -484,400 334,661,500 99.8 % Yes  
(30) ATLANTIC REGENT REIT INC

11990 SAN VICENTE BLVD STE 200
LOS ANGELES,CA90049
32-0464661 		INVESTMENTS DE ATLANTIC REGENT HOLDINGS LLC
  		C Corporation 0 209,245,416 98.85 % Yes  
(31) ATLANTIC REIT I INC

600 ATLANTIC AVE
BOSTON,MA02210
46-3882013 		INVESTMENTS DE ATLANTIC REIT I HOLDINGS LLC
  		C Corporation -473 5,733,901 100 % Yes  
(32) ATLANTIC TORONTO 365 CHURCH STREET GENERAL PARTNER INC

355 BURRARD ST STE 1900
VANCOUVER,BRITISH COLUMBIAV6C2G8
CA
INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation 0 221 100 % Yes  
(33) ATLANTIC TORONTO A-P GENERAL PARTNER INC

355 BURRARD ST STE 1900
VANCOUVER,BRITISH COLUMBIAV6C2G8
CA
98-0668180 		INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation 0 147 100 % Yes  
(34) ATLANTIC TORONTO GRENVILLE GENERAL PARTNER INC

355 BURRARD ST STE 1900
VANCOUVER,BRITISH COLUMBIAV6C2G8
CA
INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation 0 504 100 % Yes  
(35) ATLANTIC TORONTO HOLDINGS INC

355 BURRARD ST STE 1900
VANCOUVER,BRITISH COLUMBIAV6C2G8
CA
98-0668178 		INVESTMENTS CA ATLANTIC TORONTO LP
  		C Corporation 0 101,814,912 100 % Yes  
(36) ATLANTIC URBAN RETAIL INC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
32-6261983 		INVESTMENTS DE ATLANTIC URBAN RETAIL HOLDINGS LLC
  		C Corporation -3,487,775 56,013,652 100 % Yes  
(37) BAINBRIDGE CC URBANA APARTMENTS REIT INC

12765 W FOREST HILL BLVD STE 1307
WELLINGTON,FL33414
47-1171921 		INVESTMENTS DE BAINBRIDGE CC URBANA APARTMENTS LLC
  		C Corporation 318 37,115,555 88.2 % Yes  
(38) BLACK KITE PTY LTD

LEVEL 25 20 BOND ST
SYDNEY   NSW2000
AS
INVESTMENTS AS BLUE MARBLE HOLDINGS CORP
  		C Corporation 0 0 100 % Yes  
(39) BLACK KITE TRUST

LEVEL 25 20 BOND ST
SYDNEY   NSW2000
AS
98-6063158 		INVESTMENTS AS SWT LP
  		C Corporation 21,992,687 101,560,445 100 % Yes  
(40) BLUE ATLANTIC INVESTORS II INC

353 NORTH CLARK ST STE 730
CHICAGO,IL60654
46-1452116 		INVESTMENTS DE BLUE ATLANTIC ACQUISITION GROUP II LLC
  		C Corporation 0 196,778,593 98 % Yes  
(41) BLUE ATLANTIC INVESTORS INC

353 NORTH CLARK ST STE 730
CHICAGO,IL60654
45-1022813 		INVESTMENTS MD BLUE ATLANTIC ACQUISITION GROUP LLC
  		C Corporation 0 146,250,981 97.8 % Yes  
(42) BLUE ATLANTIC SHUTTLE LLC

353 NORTH CLARK ST STE 730
CHICAGO,IL60654
45-2542872 		INVESTMENTS DE BLUE ATLANTIC INVESTORS INC
  		C Corporation 50,738 106,130 97.8 % Yes  
(43) BRODIAEA INC

444 HIGUERA ST STE 202
SAN LUIS OBISPO,CA93401
90-0862085 		INVESTMENTS DE BELLUM LLC
  		C Corporation 0 193,007,749 100 % Yes  
(44) CARACARA LTD

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-1098610 		INVESTMENTS CJ SOBRALIA LTD
  		C Corporation -2,989 6,850 100 % Yes  
(45) CARACOL AGROPECUARIA LTDA

AV CARLOS GOMES 1200 SALA 502 AUX
CENTRO RIO GRANDE DO SUL   CEP90480001
BR
98-0642730 		INVESTMENTS BR GUARA LLC
  		C Corporation -951,076 44,315,803 100 % Yes  
(46) CCA JAPAN INVESTMENT BV

STRAWINSKYLAAN 1749 WTC 12TH FL
AMSTERDAM   1077XX
NL
INVESTMENTS NL COMPOSITION CAPITAL ASIA FUND CV
  		C Corporation 0 0 58.98 % Yes  
(47) CENTRO HARVARD-D ROCKEFELLAR PARA ESTUDIOS LATINAMERICANOS AC

EDIF BALMORI ORIZABA 101-102 COL
MEXICO CITY DF    
MX
FACULTY AND STUDENT ACTIVITIES MX PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		C Corporation 0 0 100 % Yes  
(48) CHARITABLE LEAD TRUSTS (48)

 
 
CHARITABLE TRUST MA PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		Trust 0 0   Yes  
(49) CHARITABLE REMAINDER TRUSTS (778)

 
 
CHARITABLE TRUST MA PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		Trust 0 0   Yes  
(50) CHENNAI 2007

IFS COURT TWENTY EIGHT
CYBERCITY,EBENE  
MP
98-0644770 		INVESTMENTS MP PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		C Corporation -9,430,225 131,853,974 100 % Yes  
(51) CHEVAL SP PARTICIPACOES LTDA

RUA DO FORUM S/N SALA B
CENTRO,GUADALUPECEP64840
BR
INVESTMENTS BR TERRACAL ALIMENTOS E BIOENERGIA LTDA
  		C Corporation 57,695 1,950,327 98.7 % Yes  
(52) CIREP IV INSTITUTIONAL SP LTD

190 ELGIN AVE
GEORGE TOWN,GRAND CAYMANKYI9005
CJ
INVESTMENTS CJ CIREP IV INSTITUTIONAL FEEDER LP
  		C Corporation 216,861 9,802,743 70.62 % Yes  
(53) CLAG (CHILE) SPA

DEL INCA NO 4446 OFICINA 1007
LAS CONDES,SANTIAGO  
CI
98-0650099 		INVESTMENTS CI CLAG LLC
  		C Corporation -14,983,463 100,588,812 100 % Yes  
(54) COMPOSITION CAPITAL ASIA FUND CV

STRAWINSKYLAAN 1749 WTC 12TH FL
AMSTERDAM   1077XX
NL
98-0469927 		INVESTMENTS NL HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation -2,393,301 26,621,920 58.98 % Yes  
(55) COMPOSITION CAPITAL ASIA II FEEDER CV

STRAWINSKYLAAN 1749 WTC 12TH FL
AMSTERDAM   1077XX
NL
98-0563995 		INVESTMENTS NL HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation -2,016,077 37,054,771 81.3 % Yes  
(56) COMPOSITION CAPITAL EUROPE FUND CV

STRAWINSKYLAAN 1749 WTC 12TH FL
AMSTERDAM   1077XX
NL
98-0459793 		INVESTMENTS NL HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation -652,423 3,246,002 58.25 % Yes  
(57) COMPOSITION CAPITAL EUROPE II FEEDER CV

STRAWINSKYLAAN 1749 WTC 12TH FL
AMSTERDAM   1077XX
NL
98-0569903 		INVESTMENTS NL HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation 3,047,418 24,576,431 71.75 % Yes  
(58) COMPOSITION FEEDER GMBH

BORSENSTRASSE 2-4 60313
FRANKFURT AM MAIN   60313
GM
INVESTMENTS GM COMPOSITION CAPITAL EUROPE FUND CV
  		C Corporation 3,266,287 905,267 58.25 % Yes  
(59) COOPERATIE CC ASIA KOREA FEEDER UA

STRAWINSKYLAAN 1749 WTC 12TH FL
AMSTERDAM   1077XX
NL
INVESTMENTS NL COMPOSITION CAPITAL ASIA FUND CV
  		C Corporation 264,442 1,382,077 58.98 % Yes  
(60) COPAYAPU SPA

2939 AV ISIDORA GOYENECHEA 11TH FL
LAS CONDES,SANTIAGO  
CI
98-1112517 		INVESTMENTS CI PALPANA LLC
  		C Corporation -343,198 2,307,617 100 % Yes  
(61) CSH PROGRAM REIT II INC

1275 PENNSYLVANIA AVE NW 2ND FL
WASHINGTON,DC20004
30-0783361 		INVESTMENTS DE CSH SENIOR HOUSING II LLC
  		C Corporation -3,529,954 206,512,134 99.5 % Yes  
(62) CSH PROGRAM REIT III INC

1275 PENNSYLVANIA AVE NW 2ND FL
WASHINGTON,DC20004
47-0981643 		INVESTMENTS DE CSH SENIOR HOUSING III LLC
  		C Corporation -78,307 135,298,001 99.5 % Yes  
(63) CSH PROGRAM REIT INC

1275 PENNSYLVANIA AVE NW 2ND FL
WASHINGTON,DC20004
27-4280903 		INVESTMENTS DE CSH SENIOR HOUSING LLC
  		C Corporation -749,110 1,392,118 93.56 % Yes  
(64) CSH TRS HOLDING III LLC

1275 PENNSYLVANIA AVE NW 2ND FL
WASHINGTON,DC20004
32-0410113 		INVESTMENTS DE CSH PROGRAM REIT II INC
  		C Corporation -18,034 4,623,616 99.5 % Yes  
(65) CSH TRS HOLDING IV LLC

1275 PENNSYLVANIA AVE NW 2ND FL
WASHINGTON,DC20004
35-2508708 		INVESTMENTS DE CSH PROGRAM REIT III INC
  		C Corporation -1,515,946 861,708 99.5 % Yes  
(66) DAIRY FARMS PARTNERSHIP

113 RUTHERFORD RD PO BOX 553
PUKEKOHE    
NZ
98-0594944 		INVESTMENTS NZ DF1 LTD
  		C Corporation -5,253,102 68,431,831 100 % Yes  
(67) DG PARTICIPANTS LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1167777 		INVESTMENTS CJ PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		C Corporation 25,354,995 168,403,984 100 % Yes  
(68) DUET GLOBAL ENDOWMENT FUND

PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation 0 0 100 % Yes  
(69) DUET GLOBAL PLUS FUND LTD

PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation 184,331 48,740,655 84 % Yes  
(70) EAE ATLANTIC I INC

1065 AVE OF THE AMERICAS 31ST FL
NEW YORK,NY10024
90-0892631 		INVESTMENTS DE EAE ATLANTIC LLC
  		C Corporation -2,458,025 232,829,599 90.9 % Yes  
(71) EAE ATLANTIC II INC

1065 AVE OF THE AMERICAS 31ST FL
NEW YORK,NY10024
80-0954229 		INVESTMENTS DE EAE ATLANTIC LLC
  		C Corporation -5,131,669 118,673,681 90.9 % Yes  
(72) EAE ATLANTIC III INC

1065 AVE OF THE AMERICAS 31ST FL
NEW YORK,NY10024
30-0835462 		INVESTMENTS DE EAE ATLANTIC LLC
  		C Corporation -7,929,711 217,191,893 90.9 % Yes  
(73) EAE ATLANTIC IV INC

1065 AVE OF THE AMERICAS 31ST FL
NEW YORK,NY10024
36-4797540 		INVESTMENTS DE EAE ATLANTIC LLC
  		C Corporation -1,196,666 124,357,335 90.9 % Yes  
(74) EAE ATLANTIC TRS LLC

1065 AVE OF THE AMERICAS 31ST FL
NEW YORK,NY10024
38-3978612 		INVESTMENTS DE EAE ATLANTIC IV INC
  		C Corporation 6,581 12,699 90.9 % Yes  
(75) EASTERN ROSELLA TRUST

LEVEL 25 20 BOND ST
SYDNEY   NSW2000
AS
98-1131698 		INVESTMENTS AS GREEN ROSELLA TRUST
  		C Corporation 0 13,002,840 100 % Yes  
(76) ECO CEBACO SA

CALLE 52 Y E M PO BOX 0816-06805
PM
INVESTMENTS PM NICATECA INC
  		C Corporation -15,309 26,115,291 100 % Yes  
(77) ECONOMIZA AGROINDUSTRIAL LTDA

ESTADA GERAL CONDOMINIO BOA
GRANDE DO RIBEIRO,PIAUI  
BR
INVESTMENTS BR IPE AGROINDUSTRIAL LTDA
  		C Corporation 705,854 3,078,318 96.2 % Yes  
(78) ECUADOR TIMBER LP

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-0458318 		INVESTMENTS CJ PHEMUS CORP
  		C Corporation 529,130 63,053,732 80 % Yes  
(79) EL MARIA SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -2,924 680,982 100 % Yes  
(80) EMBARCADERO CAPITAL INVESTORS II REIT INC

1301 SHOREWAY RD
BELMONT,CA94002
37-1508503 		INVESTMENTS MD HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation 5,846,463 27,723,072 50.62 % Yes  
(81) EMERALD CATASTROPHE FUND LTD

STE 193 48 PAR-LA-VILLE RD
HAMILTON   HM11
BD
98-1194784 		INVESTMENTS BD HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation 3,626,321 70,554,370 100 % Yes  
(82) EMPRESA ECOLOGICA DEL ORINOCO SAS

CRA 9 NO 77 - 67 OFC 804
BOGOTA    
CO
INVESTMENTS CO TOUCANET SA
  		C Corporation -22,907 3,420,390 100 % Yes  
(83) EMPRESAS VERDES ARGENTINA SA

CARLOS PELLEGRINI 1138 PISO 1
CORRIENTES   W3400B
AR
INVESTMENTS AR PINO LLC
  		C Corporation 15,543,457 51,363,733 100 % Yes  
(84) ESTANCIA CELINA SA

C/O PAGBAM SUIPACHA 1111
BUENOS AIRES   C1008AAW
AR
INVESTMENTS AR LAS MISIONES SA
  		C Corporation 1,565,312 5,846,171 100 % Yes  
(85) FLAMENCO SPA

LOS CONQUISTADORES 1700 PISO 16
  SANTIAGO  
CI
98-1120387 		INVESTMENTS CI COPAYAPU SPA
  		C Corporation -34,204 402,684 100 % Yes  
(86) FLORESTAS DO SUL AGROFLORESTAL LTDA

AV CARLOS GOMES 1200 SALA 502 AUX
CENTRO RIO GRANDE DO SUL   90480001
BR
98-0493906 		INVESTMENTS BR CATTLEYA LLC
  		C Corporation -12,543,852 87,105,599 100 % Yes  
(87) FORESTAL BOSQUEPALM CIA LTDA

AVE PATRIA E4-41 Y AVE AM FL5 OFC 5
QUITO    
EC
INVESTMENTS EC ECUADOR TIMBER LP
  		C Corporation -1,579,662 25,826,723 79.8 % Yes  
(88) FORESTAL FORESVERGAL CIA LTDA

AVE PATRIA E4-41 Y AVE AM FL5 OFC 5
QUITO    
EC
INVESTMENTS EC ECUADOR TIMBER LP
  		C Corporation -1,736,824 29,201,320 79.8 % Yes  
(89) FORTALEZA AGROINDUSTRIAL LTDA

FAZENDA FORTALEZA S/N - ZONA RURAL
SANTA FILOMENA,PIAUICEP64945
BR
INVESTMENTS BR INSOLO AGROINDUSTRIAL SA
  		C Corporation -1,417,264 9,362,132 96.2 % Yes  
(90) FRANCOLIN

PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
98-1006384 		INVESTMENTS CJ SHIPPING VENTURE CORP
  		C Corporation 25,128,828 -1,073,750 100 % Yes  
(91) FRIENDS OF HARVARD HONG KONG TRUST

114 MOUNT AUBURN ST 5TH FL
CAMBRIDGE,MA02138
47-7237666 		TRUST FOR CONTRIBUTIONS HK PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		Trust 14,299,975 0 100 % Yes  
(92) FSP TRS HOLDING LP

178 SOUTH MAIN ST STE 375
ALPARETTA,GA30009
80-0902908 		INVESTMENTS DE CORAL-FSP INVESTMENT FUND I LLC
  		C Corporation -260,052 453,789 74.85 % Yes  
(93) FSP-MARLBORO LESSEE LLC

178 SOUTH MAIN ST STE 375
ALPARETTA,GA30009
38-3976284 		INVESTMENTS DE CORAL-FSP INVESTMENT FUND II LLC
  		C Corporation 0 159,811 84.58 % Yes  
(94) GALILEIA AGROINDUSTRIAL LTDA

FAZENDA GALILEIA S/N - ZONA RURAL
GRANDE DO RIBEIRO,PIAUI  
BR
INVESTMENTS BR INSOLO AGROINDUSTRIAL SA
  		C Corporation -6,649,675 37,723,802 96.2 % Yes  
(95) GATEWAY REAL ESTATE FUND III - TE LP

22ND FL 1 LYNDHURST TOWER
HONG KONG    
CH
98-0669480 		INVESTMENTS CH HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation 9,865,449 51,630,863 64.93 % Yes  
(96) GAVEA INVESTMENT FUND II B LP

PO BOX 896 GARDENIA COURT
CAMANA BAY,GRAND CAYMANKY11103
CJ
98-0537951 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation -10,612,000 19,793,000 100 % Yes  
(97) GAVEA JUS BG 1 - FEEDER LP

PO986 GARD CNTR STE 3307 45 MKT ST
CAMANA BAY,GRAND CAYMANKY11103
CJ
98-1018586 		INVESTMENTS CJ ITAY LLC
  		C Corporation -1,619,757 2,766,721 100 % Yes  
(98) GAVEA JUS BRAZILIAN GOVERNMENT LIABILITIES FUND II-B LP

PO986 GARD CNTR STE 3307 45 MKT ST
CAMANA BAY,GRAND CAYMANKY11103
CJ
98-0702067 		INVESTMENTS CJ ITAY LLC
  		C Corporation -7,241,032 14,470,675 58.63 % Yes  
(99) GAXL (HMPEC) LTD

C/O CLARENDON HOUSE 2 CHURCH ST
HAMILTON   HM11
BD
98-1309328 		INVESTMENTS BD HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation -724,157 0 100 % Yes  
(100) GBE DEVELOPMENT I LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -4,094 6,390,825 98.7 % Yes  
(101) GBE DEVELOPMENT II LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -3,118 627,130 98.7 % Yes  
(102) GBE DEVELOPMENT III LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -3,691 246,750 98.7 % Yes  
(103) GBE DEVELOPMENT IV LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -2,002 3,784,158 98.7 % Yes  
(104) GBE DEVELOPMENT V LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -60,350 76,401,384 98.7 % Yes  
(105) GBE DEVELOPMENT VI LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -3,466 0 98.7 % Yes  
(106) GBE FAZENDAS LTD

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR GBE PROPERTIES II LTD
  		C Corporation -351,217 3,666,208 98.7 % Yes  
(107) GBE HOLDINGS LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -945,660 20,469 98.7 % Yes  
(108) GBE INVESTMENTS LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LP
  		C Corporation -7,766 211,667,063 98.7 % Yes  
(109) GBE PROJETOS AGRICOLAS II LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR GBE DEVELOPMENT II LTD
  		C Corporation -54,330 159,248 98.7 % Yes  
(110) GBE PROPERTIES I LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -6,163 7,264,320 98.7 % Yes  
(111) GBE PROPERTIES II LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -4,499 6,772,243 98.7 % Yes  
(112) GBE PROPERTIES III LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -4,646 1,579,200 98.7 % Yes  
(113) GBE PROPERTIES IV LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -4,371 10,288,488 98.7 % Yes  
(114) GBE PROPERTIES V LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMAN  
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -3,863 9,573,900 98.7 % Yes  
(115) GBE PROPERTIES VI LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation -3,714 0 98.7 % Yes  
(116) GBE PROPRIEDADES E EMPREENDIMENTOS IMOBILIARIOS BAHIA LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR TERRACAL PROPRIEDADES LTDA
  		C Corporation -15,833 4,442,008 98.7 % Yes  
(117) GBE PROPRIEDADES E EMPREENDIMENTOS IMOBILIARIOS PIAUI LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR TERRACAL PROPRIEDADES LTDA
  		C Corporation -32,989 5,057,518 98.7 % Yes  
(118) GBE PROPRIEDADES E EMPREENDIMENTOS IMOBILIARIOS TOCANTINS LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR TERRACAL PROPRIEDADES LTDA
  		C Corporation -9,243 13,967,259 98.7 % Yes  
(119) GBE PROPRIEDADES E EMPREENDIMENTOS MINAS GERAIS LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR TERRACAL PROPRIEDADES LTDA
  		C Corporation -12,707 11,408,675 98.7 % Yes  
(120) GBE PROPRIEDADES GUADALUPE LTDA (FKA GBE PROPRIEDADESE EMPREENDIMENTOS IMOB
ILIARIOS VII LTDA)
RUA DO FORUM S/N SALA B
CENTRO,GUADALUPECEP64840
BR
INVESTMENTS BR TERRACAL PROPRIEDADES LTDA
  		C Corporation 2,012 6,164,651 98.7 % Yes  
(121) GERRITY ATLANTIC RETAIL PARTNERS INC

973 LOMAS SANTA FE DR
SOLANA BEACH,CA92075
27-4802513 		INVESTMENTS DE GERRITY ATLANTIC RETAIL PARTNERS LLC
  		C Corporation 0 338,208,721 98.72 % Yes  
(122) GERRITY RETAIL FUND 2 INC

973 LOMAS SANTA FE DR
SOLANA BEACH,CA92075
46-4417545 		INVESTMENTS DE GERRITY ATLANTIC RETAIL PARTNERS LLC
  		C Corporation 0 250,482,581 98.72 % Yes  
(123) GRADUATE OXFORD LESSEE LLC

133 NORTH JEFFERSON ST 4TH FL
CHICAGO,IL60661
37-1749319 		INVESTMENTS DE CC-GH OXFORD LLC
  		C Corporation 0 0 74.19 % Yes  
(124) GRANARY INVESTMENTS

IFS COURT TWENTY EIGHT
CYBERCITY,EBENE  
MP
98-0607880 		INVESTMENTS MP DEMETER HOLDINGS CORP
  		C Corporation -1,960,503 76,219 100 % Yes  
(125) GRANARY NORMANDIEN (PROPRIETARY) LTD

32 FICKER RD ILLOVO BLVD 1ST FL
JOHANNESBURG   2196
SF
98-0610461 		INVESTMENTS SF DEMETER HOLDINGS CORP
  		C Corporation 2,923,877 24,332,365 100 % Yes  
(126) GREEN ROSELLA TRUST

LEVEL 25 20 BOND ST
SYDNEY   NSW2000
AS
98-1126908 		INVESTMENTS AS ROSELLA LTD
  		C Corporation 1,087,933 60,851,606 100 % Yes  
(127) GREENGOLD AGRIROM SRL

24 CONSTANTIN NOICA ST RM 2
SIBIU COUNTY    
RO
98-1091760 		INVESTMENTS RO GREENGOLD EUROPEAN CAPITAL SA
  		C Corporation 64,978 3,091,279 100 % Yes  
(128) GREENGOLD EUROPEAN CAPITAL SA

5 RUE GUILLAUME KROLL
    L1882
LU
INVESTMENTS LU BELLFLOWER LLC
  		C Corporation 38,205,318 30,392,810 100 % Yes  
(129) GREENGOLD FUTURE TREES SRL

14 BIHORULUI ST BLOCK 21 RM 2
SIBIU COUNTY    
RO
98-1206286 		INVESTMENTS RO GREENGOLD EUROPEAN CAPITAL SA
  		C Corporation -902,291 8,859,231 100 % Yes  
(130) GREENGOLD VALUE FORESTS LATVIA SIA

KULDIGAS RAJONS KURMALES PAGASTS
BRALI   3301
LG
98-0648693 		INVESTMENTS LG GREENGOLD EUROPEAN CAPITAL SA
  		C Corporation 484,424 17,321,747 100 % Yes  
(131) GREENGOLD VALUE FORESTS LITHUANIA UAB

NAUGARDUKO G 102 VILNIUS
LITHUANIA    
LH
98-1117259 		INVESTMENTS LH GREENGOLD EUROPEAN CAPITAL SA
  		C Corporation -680,551 11,045,693 100 % Yes  
(132) GREENGOLD VALUE FORESTS SRL

24 CONSTANTIN NOICA ST RM 2
SIBIU COUNTY    
RO
98-1091994 		INVESTMENTS RO GREENGOLD EUROPEAN CAPITAL SA
  		C Corporation 0 0 100 % Yes  
(133) GUANARE AARL

MONES ROSES 6937
MONTEVIDEO   11000
UY
98-0641951 		INVESTMENTS UY PHEMUS CORP
  		C Corporation 15,420,844 135,455,801 100 % Yes  
(134) GUANARE SA

MONES ROSES 6937
MONTEVIDEO   11000
UY
INVESTMENTS UY PHEMUS CORP
  		C Corporation 29,516,815 321,115,204 100 % Yes  
(135) HARVARD ARASTIRMA VE EGITIM MERKEZI ISTANBUL LIMITED SIRKETI

KORU SOKAK ZORLU CTR APT 2/D
INSTANBUL   34340
TU
RESEARCH SUPPORT/EVENT SUPPORT TU HARVARD INTERNATIONAL LLC
  		C Corporation 29,883 239,558 100 % Yes  
(136) HARVARD BUSINESS SCHOOL PUBLISHING ASIA PACIFIC LTD

80 RAFFLES PL 25-01 UOB PLAZA
SN
SALES SUPPORT SN HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 1,309,945 380,038 100 % Yes  
(137) HARVARD BUSINESS SCHOOL PUBLISHING AUSTRALIA PTY LTD

C/O PWC 2 DARLING PK 201 SUSSEX ST
SYDNEY    
AS
SALES SUPPORT AS HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 238,013 110,947 100 % Yes  
(138) HARVARD BUSINESS SCHOOL PUBLISHING DE MEXICO SA DE CV

BOSQUE DE CIRUELOS 180 PP101
BOSQUES DE LAS LOMAS DEL MIGUEL HILDALGO    
MX
SALES SUPPORT MX HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 70,810 61,367 100 % Yes  
(139) HARVARD BUSINESS SCHOOL PUBLISHING EUROPE LTD

23 SICILIAN AVE
LONDON    
UK
SALES SUPPORT UK HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 4,689,102 1,965,446 100 % Yes  
(140) HARVARD BUSINESS SCHOOL PUBLISHING FRANCE

23 RUE DU ROULE
PARIS    
FR
SALES SUPPORT FR HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 1,384,859 416,035 100 % Yes  
(141) HARVARD BUSINESS SCHOOL PUBLISHING INDIA PRIVATE LTD

UNIT 423 GRAND HYATT MUMBAI
MUMBAI    
IN
PUBLISHING SUPPORT IN HARVARD BUSINESS SCHOOL PUBLISHING CORP
  		C Corporation 2,877,188 1,385,070 100 % Yes  
(142) HARVARD CENTER SHANGHAI CO LTD

5TH FL INTL FIN CTR 8 CENT AVE
SHANGHAI   200120
CH
RESEARCH SUPPORT/LOGISTICAL SUPPORT FOR EVENTS CH HARVARD INTERNATIONAL LLC
  		C Corporation 579,391 5,702,026 100 % Yes  
(143) HARVARD PRIVATE CAPITAL PROPERTIES II INC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
04-3140558 		INVESTMENTS DE HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation 1,498,729 251,800 100 % Yes  
(144) HARVARD PRIVATE CAPITAL PROPERTIES III INC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02110
76-0254935 		INVESTMENTS DE PHEMUS CORP
  		C Corporation 0 0 100 % Yes  
(145) HARVARD UNIVERSITY PRESS OF NEW YORK

HU PRESS 79 GARDEN ST
CAMBRIDGE,MA02138
13-3784301 		PUBLISHING NY PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		C Corporation 0 0 100 % Yes  
(146) HARVARD UNIVERSITY PRESS LTD

VERNON HOUSE 23 SICILIAN AVE
LONDON    
UK
BOOK DISTRIBUTION UK PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		C Corporation 4,127,652 2,034,500 100 % Yes  
(147) HB CAYMAN LTD

PO BOX 309 GT
  GRAND CAYMANBWICJ
CJ
INVESTMENTS CJ HB INSTITUTIONAL LP
  		C Corporation 10,744,897 104,315,589 98.87 % Yes  
(148) HG GULF FZ LLC

MAKTOUM ACADMED CTR 2 FL
DUBAI    
AE
EDUCATION AND RESEARCH AE HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC
  		C Corporation 833,938 249,665 100 % Yes  
(149) HIP BERMUDA REINSURANCE I LTD

CLARENDON HOUSE 2 CHURCH ST
HAMILTON   HM11
BD
INVESTMENTS BD HAMPDEN INSURANCE PARTNERS I LP
  		C Corporation -230,811 11,693,709 99 % Yes  
(150) HMC ADAGE MANAGER INC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02110
04-3567988 		INVESTMENTS DE PHEMUS CORP
  		C Corporation -1,317 0 100 % Yes  
(151) HMC JUWEEL INVESTORS LP

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation 0 23,109,121 100 % Yes  
(152) HUEQUI SPA

LOS CONQUISTADORES 1700 PISO 16
  SANTIAGO  
CI
INVESTMENTS CI COPAYAPU SPA
  		C Corporation 0 1 100 % Yes  
(153) INSOLO AGROINDUSTRIAL SA

AV DR CDM 1340-11 ANDAR CJ 111
SAO PAULO    
BR
INVESTMENTS BR INVESTIMENTOS E PARTICIPACOES AGRICOLAS LTDA
  		C Corporation -30,818,224 99,455,390 96.2 % Yes  
(154) INVERSIONES CATIVAL SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -3,440 259,370 100 % Yes  
(155) INVERSIONES HEFEI SAC

LAS BEGONIAS 475 6TH FL
SAN ISIDORO,LIMA  
PE
98-1111292 		INVESTMENTS PE MASDEVALLIA LTD
  		C Corporation -676,582 9,690,223 100 % Yes  
(156) INVERSIONES LEFKADA SAC

LAS BEGONIAS 475 6TH FL
SAN ISIDORO,LIMA  
PE
98-1110859 		INVESTMENTS PE SOBRALIA LTD
  		C Corporation -513,991 7,780,127 100 % Yes  
(157) INVERSIONES MOSQUETA SAC

LAS BEGONIAS 475 6TH FL
SAN ISIDORO,LIMA  
PE
98-1110734 		INVESTMENTS PE MASDEVALLIA LTD
  		C Corporation -460,279 20,608,169 100 % Yes  
(158) INVERSIONES PIRONA SAC

LAS BEGONIAS 475 6TH FL
SAN ISIDORO,LIMA  
PE
98-1111636 		INVESTMENTS PE STELIS LTD
  		C Corporation -510,473 7,787,209 100 % Yes  
(159) INVERSIONES SANTA RITA SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation 904,240 2,166,684 100 % Yes  
(160) INVERSIONES TRES CUMBRES LTDA

ROGER DE FLOR 2736 DP 8
COMUNA LAS CONDES,SANTIAGO  
CI
98-0446986 		INVESTMENTS CI PHEMUS CORP
  		C Corporation 3,322,601 17,708,733 100 % Yes  
(161) IPE AGROINDUSTRIAL LTDA

FAZENDA IPE S/N - ZONA RURAL-BAIXA
GRANDE DO RIBEIRO,PIAUI  
BR
INVESTMENTS BR INSOLO AGROINDUSTRIAL SA
  		C Corporation -17,639,273 120,529,140 96.2 % Yes  
(162) ISLA VISTA FOOD SERVICES LLC

353 NORTH CLARK ST STE 730
CHICAGO,IL60654
27-3070185 		INVESTMENTS DE ISLA VISTA INVESTORS INC
  		C Corporation 66,922 0 69.86 % Yes  
(163) ISLA VISTA INVESTORS INC

353 NORTH CLARK ST STE 730
CHICAGO,IL60654
27-3070148 		INVESTMENTS DE ISLA VISTA ACQUISITION GROUP LLC
  		C Corporation 0 0 69.86 % Yes  
(164) LA JACARANDA SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -3,323 76,720 100 % Yes  
(165) LA MORA SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -4,248 759,939 100 % Yes  
(166) LA ZARZA SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -16,498 3,489,802 100 % Yes  
(167) LAS ACACIAS SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -3,617 55,805 100 % Yes  
(168) LAS MISIONES SA

SUIPACHA 1111 - PISO 18
BUENOS AIRES   C1008AAW
AR
INVESTMENTS AR BT2 CO LLC
  		C Corporation 5,025,195 26,113,728 100 % Yes  
(169) LASALLE ASIA OPPORTUNITY CAYMAN I LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-0447511 		INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation 157,100 834,047 100 % Yes  
(170) LIFETIME CENTRECOURT GRENVILLE LP

22 ST CLAIR AVE E STE 1010
TORONTO,ONTARIOM4T2S3
CA
98-0684331 		INVESTMENTS CA ATLANTIC TORONTO HOLDINGS INC
  		C Corporation 54,426 52,522,996 52.11 % Yes  
(171) LINDENE LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation -2,136,347 83,869,770 100 % Yes  
(172) LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) II LP

199 E LINDA MESA AVE 10
DANVILLE,CA94526
98-0560775 		INVESTMENTS CJ LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LP
  		C Corporation -26,170 552,109 100 % Yes  
(173) LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LTD

199 E LINDA MESA AVE 10
DANVILLE,CA94526
98-0555927 		INVESTMENTS CJ LIQUID REALTY PARTNERS IV TAX EXEMPT (PF1) LP
  		C Corporation -360,197 1,029,928 100 % Yes  
(174) LONGFELLOW ATLANTIC REIT II INC

260 FRANKLIN ST STE 1520
BOSTON,MA02210
81-2156530 		INVESTMENTS DE LONGFELLOW ATLANTIC HOLDINGS LLC
  		C Corporation 0 0 99 % Yes  
(175) LONGFELLOW ATLANTIC REIT INC

260 FRANKLIN ST STE 1520
BOSTON,MA02210
46-4628691 		INVESTMENTS DE LONGFELLOW ATLANTIC HOLDINGS LLC
  		C Corporation 0 177,485,764 99 % Yes  
(176) LONGFELLOW ATLANTIC TRS LLC

260 FRANKLIN ST STE 1520
BOSTON,MA02210
37-1791658 		INVESTMENTS DE LONGFELLOW ATLANTIC REIT INC
  		C Corporation 11,256 34,311 99 % Yes  
(177) LONGSTOCKING INVESTMENT CORP

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
52-2116455 		INVESTMENTS MA PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		C Corporation -1,317 0 100 % Yes  
(178) LONGTERM FOREST PARTNERS CIA LTDA

AVE PATRIA E4-41 Y AVE AM FL5 OFC 5
QUITO    
EC
INVESTMENTS EC ECUADOR TIMBER LP
  		C Corporation -1,938,940 32,177,875 79.8 % Yes  
(179) LOS ARRAYANES SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -5,413 1,218 100 % Yes  
(180) LOS LAURELES SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -3,323 442,068 100 % Yes  
(181) MAGUARI LTD

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-1097957 		INVESTMENTS CJ MASDEVALLIA LTD
  		C Corporation -3,034 13,700 100 % Yes  
(182) MASDEVALLIA LTD

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-1083311 		INVESTMENTS CJ PHEMUS CORP
  		C Corporation -3,034 43,844,678 100 % Yes  
(183) MCRB REAL ESTATE INVESTMENT TRUST INC

152 WEST 57TH ST 46TH FL
NEW YORK,NY10019
46-1195422 		INVESTMENTS DE MCRB LLC
  		C Corporation 0 139,680,901 74.79 % Yes  
(184) MCRB TENANT HOLDCO LLC

152 WEST 57TH ST 46TH FL
NEW YORK,NY10019
46-1195591 		INVESTMENTS DE MCRB REAL ESTATE INVESTMENT TRUST INC
  		C Corporation 1,724,646 1,846,738 74.79 % Yes  
(185) MCRS REAL ESTATE INVESTMENT TRUST INC

152 WEST 57TH ST 46TH FL
NEW YORK,NY10019
27-3605599 		INVESTMENTS DE MCRS LLC
  		C Corporation -1,111,059 137,982,844 85.9 % Yes  
(186) MCRS TENANT HOLDCO LLC

152 WEST 57TH ST 46TH FL
NEW YORK,NY10019
27-3869467 		INVESTMENTS DE MCRS REAL ESTATE INVESTMENT TRUST INC
  		C Corporation -1,267,671 4,290,214 85.9 % Yes  
(187) MDH ATLANTIC REIT INC

3715 NORTHSIDE PKWY NW BLDG 400
ATLANTA,GA30327
46-5247314 		INVESTMENTS DE MDH ATLANTIC HOLDINGS LLC
  		C Corporation 0 255,347,707 97.67 % Yes  
(188) MIRABILIS SA

CALLE LAS BEGONIAS NO 475 DPTO 702
SAN ISIDORO,LIMA  
PE
INVESTMENTS PE PARFEN SA
  		C Corporation -63,436 26,324 100 % Yes  
(189) NAZARE AGROINDUSTRIAL LTDA

FAZENDA NAZARE S/N - ZONA RURAL
FILOMENA,PIAUI  
BR
INVESTMENTS BR INSOLO AGROINDUSTRIAL SA
  		C Corporation -3,392,853 16,565,340 96.2 % Yes  
(190) NCH AGRIBUSINESS INVESTORS CORP

UGLAND HOUSE S CHURCH ST
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-0559097 		INVESTMENTS CJ HARVARD PRIVATE CAPITAL REALTY INC
  		C Corporation -15,970,932 186,342,289 59.11 % Yes  
(191) NCH INVESTORS FUND (HU) CORP

PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
INVESTMENTS CJ PHEMUS CORP
  		C Corporation 476,190 3,566,000 97.6 % Yes  
(192) NEW VERNON INDIA (CAYMAN) FUND LP

2330 PLAZA FIVE
JERSEY CITY,NJ07311
20-1577934 		INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation 83,617 68,023,281 99.99 % Yes  
(193) NGL HOLDINGS INC

185 DARTMOUTH ST 7TH FL
BOSTON,MA02116
33-1101243 		INVESTMENTS DE DENHAM COMMODITY PARTNERS FUND II LP
  		C Corporation 387,401 0 81.97 % Yes  
(194) NICARAO I LTD

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-0643167 		INVESTMENTS CJ NICARAO LTD
  		C Corporation 0 506,153 100 % Yes  
(195) NICARAO II LTD

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-0643169 		INVESTMENTS CJ NICARAO LTD
  		C Corporation 0 506,153 100 % Yes  
(196) NICARAO LTD

PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
98-0643164 		INVESTMENTS CJ NICATECA INC
  		C Corporation 0 49,602,989 100 % Yes  
(197) NICATECA INC

PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
98-0520487 		INVESTMENTS CJ PHEMUS CORP
  		C Corporation -4,668,068 71,329,804 100 % Yes  
(198) NICATECA SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -8,513 2,161,855 100 % Yes  
(199) NIMBUS WEATHER FUND LTD

3RD FL W 31 VICTORIA ST
HAMILTON   HM10
BD
98-1197703 		INVESTMENTS BD HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation 3,956,254 19,035,033 92 % Yes  
(200) NOMINA (NO 1253) LTD

40 GRACECHURCH ST
LONDON   EC3V0BT
UK
INVESTMENTS UK HAMPDEN INSURANCE PARTNERS I LP
  		C Corporation -113,367 8,870,520 99 % Yes  
(201) NORTHERN ROSELLA TRUST

201 ELIZABETH ST
SYDNEY   NSW2000
AS
98-6081350 		INVESTMENTS AS GREEN ROSELLA TRUST
  		C Corporation 440,571 16,171,156 100 % Yes  
(202) OAK-MOSSER REIT INC

HMC INC 600 ATLANTIC AVE
BOSTON,MA02210
81-3362816 		INVESTMENTS DE OAK-MOSSER LLC
  		C Corporation 0 0 93 % Yes  
(203) OPERA SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -753,950 14,973,690 100 % Yes  
(204) PAG ASIA ALPHA FEEDER LTD

PO BOX 472 2ND FL 103 S CHURCH ST
GEORGE TOWN,GRAND CAYMANKY11106
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation 0 0 100 % Yes  
(205) PARFEN SRL

JUNCAL 1392
MONTEVIDEO   11000
UY
INVESTMENTS UY AZARA LLC
  		C Corporation -4,252,355 79,435,107 100 % Yes  
(206) PATRIOT INTEREST HOLDINGS INC

185 DARTMOUTH ST 7TH FL
BOSTON,MA02116
01-0938844 		INVESTMENTS DE DENHAM COMMODITY PARTNERS FUND II LP
  		C Corporation 0 0 81.97 % Yes  
(207) PEARL RETAIL INC

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1048757 		INVESTMENTS CJ PEARL RETAIL LLC
  		C Corporation 88,592,825 344,907,127 100 % Yes  
(208) PERMIAN MIDSTREAM CORP

185 DARTMOUTH ST 7TH FL
BOSTON,MA02116
01-0938834 		INVESTMENTS TX PATRIOT INTEREST HOLDINGS INC
  		C Corporation 0 0 81.97 % Yes  
(209) PINARES AARL

MONES ROSES 6937
MONTEVIDEO   11000
UY
98-0641950 		INVESTMENTS UY PHEMUS CORP
  		C Corporation -225,968 10,150,451 100 % Yes  
(210) POOLED INCOME FUNDS (3)

 
 
CHARITABLE TRUST MA PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		Trust 0 0   Yes  
(211) PRADARIA AGROFLORESTAL LTDA

AVENIDA ALFONSO PENA 3504 RM 73
CAMPO GRANDE,MATO GROSSOCEP79002
BR
98-0642732 		INVESTMENTS BR GLOBAL FOREST INVESTMENTS LLC
  		C Corporation -2,720,814 98,432,608 100 % Yes  
(212) PROMONTORIA HOLDING MAP BV

OUDE UTRECHTSEWEG 32
BAARN   3743KN
NL
INVESTMENTS NL CERBERUS MA PARTNERS LP
  		C Corporation -259 467 94.84 % Yes  
(213) PSI ATLANTIC REIT INC

5 OLD LANCASTER RD
MALVERN,PA19355
46-4502358 		INVESTMENTS DE PSI ATLANTIC HOLDINGS LLC
  		C Corporation -1,450,046 113,486,279 98.67 % Yes  
(214) PSI ATLANTIC TRS LLC

5 OLD LANCASTER RD
MALVERN,PA19355
46-5654629 		INVESTMENTS DE PSI ATLANTIC REIT INC
  		C Corporation 26,833 48,544 98.67 % Yes  
(215) PULAR SPA

LOS CONQUISTADORES 1700 PISO 16
  SANTIAGO  
CI
INVESTMENTS CI COPAYAPU SPA
  		C Corporation -38,709 375,483 100 % Yes  
(216) REGENT OFFICE FUND II REIT

11990 SAN VICENTE BLVD STE 200
LOS ANGELES,CA90049
47-2081357 		INVESTMENTS MD REGENT OFFICE FUND II BLOCKER LLC
  		C Corporation 0 11,107,112 100 % Yes  
(217) REPRESA PROPERTIES LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
INVESTMENTS CJ GBE INVESTMENTS LTD
  		C Corporation 4,841 83,495,279 98.7 % Yes  
(218) RETIREMENT PLAN TRUST FOR EMPLOYEES OF HARVARD UNIVERSITY

1033 MASS AVE 3RD FL
CAMBRIDGE,MA02138
04-2636388 		INVESTMENTS MA PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		Trust -3,182,592 793,400,680 100 % Yes  
(219) RIO MIRA PARTICIPACOES LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR TERRACAL PROPRIEDADES LTDA
  		C Corporation -23,172 22,126,923 98.7 % Yes  
(220) ROARING FORK INVESTMENT TRUST

333 BAY ST STE 3400
TORONTO,ONTARIOM5H2S7
CA
98-0458290 		INVESTMENTS CA ALCION REAL ESTATE PARTNERS LP
  		C Corporation -2,225,728 1,470,116 93.93 % Yes  
(221) ROMPLY MEROPS SRL

28-C C-TIN BUDISTEANUI ST 3RD FL
BUCHAREST    
RO
98-0646095 		INVESTMENTS RO PHEMUS CORP
  		C Corporation 0 0 99.99 % Yes  
(222) ROSELLA HOLD TC PTY LTD

LEVEL 25 20 BOND ST
SYDNEY   NSW2000
AS
98-1126654 		INVESTMENTS AS ROSELLA LTD
  		C Corporation 0 0 100 % Yes  
(223) ROSELLA SUB TC PTY LTD

LEVEL 25 20 BOND ST
SYDNEY   NSW2000
AS
98-1126678 		INVESTMENTS AS ROSELLA HOLD TC PTY LTD
  		C Corporation 0 0 100 % Yes  
(224) ROSELLA LTD

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-1120479 		INVESTMENTS CJ BLUE MARBLE HOLDINGS CORP
  		C Corporation 17,648,376 82,762,181 100 % Yes  
(225) ROUND TABLE INTEREST RATE FUND LTD

2ND FL REGATTA OF PRK W BAY RD
  GRAND CAYMANKY11205
CJ
INVESTMENTS CJ BLUE MARBLE HOLDINGS CORP
  		C Corporation -1,725,618 0 60 % Yes  
(226) RUBY ATLANTIC AJCP PROGRAM TRS LLC

133 NORTH JEFFERSON ST 4TH FL
CHICAGO,IL60661
46-4621060 		INVESTMENTS DE RUBY ATLANTIC AJCP HOLDINGS LLC
  		C Corporation -316,599 3,934,973 74.19 % Yes  
(227) RUBY ATLANTIC REIT INC

600 ATLANTIC AVE
BOSTON,MA02210
46-4632061 		INVESTMENTS DE ATLANTIC US REAL ESTATE LLC
  		C Corporation -8,137,933 92,798,618 100 % Yes  
(228) SCOLOPAX SRL

CONST NOICA ST NO 24 CHMBR 1 SIBIU
RO
INVESTMENTS RO PHEMUS CORP
  		C Corporation 74,330 1,714,672 99.99 % Yes  
(229) SERRA GRANDE AGROINDUSTRIAL LTDA

FAZENDA SERRA GRANDE S/N
RIBEIRO GONCALVES,PIAUI  
BR
INVESTMENTS BR INSOLO AGROINDUSTRIAL SA
  		C Corporation -581,871 11,795,228 96.2 % Yes  
(230) SOBRALIA LTD

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-1084076 		INVESTMENTS CJ PHEMUS CORP
  		C Corporation -3,034 9,883,974 100 % Yes  
(231) SOCIEDAD EXPLOTADORA AGRICOLA SPA

DEL INCA NO 4446 OFICINA 1007
LAS CONDES,SANTIAGO  
CI
98-0632838 		INVESTMENTS CI CLAG (CHILE) SPA
  		C Corporation 3,976,517 42,700,219 100 % Yes  
(232) SORA LTD

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-1098256 		INVESTMENTS CJ STELIS LTD
  		C Corporation -3,034 6,850 100 % Yes  
(233) SOROTIVO AGROPECUARIA LTDA

FAZENDA IPE S/N - ZONA RURAL-BAIXA
GRANDE DO RIBEIRO,PIAUI  
BR
INVESTMENTS BR IPE AGROINDUSTRIAL LTDA
  		C Corporation 925,501 5,466,219 96.2 % Yes  
(234) STELIS LTD

PO BOX 309 UGLAND HOUSE
GRAND CAYMAN   KY11104
CJ
98-1083800 		INVESTMENTS CJ PHEMUS CORP
  		C Corporation -3,034 11,706,364 100 % Yes  
(235) SUSTAINABLE TEAK PARTCIPACOES LTDA

AV CASTELO BRANCO 272 RM 3
CACERES,MATO GROSSO78200000
BR
98-0639215 		INVESTMENTS BR BRAZIL TEAK LLC
  		C Corporation 13,239,350 281,593,225 100 % Yes  
(236) TACORA SPA

LOS CONQUISTADORES 1700 PISO 16
  SANTIAGO  
CI
INVESTMENTS CI COPAYAPU SPA
  		C Corporation -16,646 383,644 100 % Yes  
(237) TAGUA SPA

LOS CONQUISTADORES 1700 PISO 16
  SANTIAGO  
CI
98-1120143 		INVESTMENTS CI COPAYAPU SPA
  		C Corporation -19,539 301,291 100 % Yes  
(238) TDCA REIT INC

5130 SOUTH ALSTON AVE STE 210
DURHAM,NC27713
47-5575876 		INVESTMENTS DE TDC ATLANTIC HOLDINGS LLC
  		C Corporation -219,958 8,946,702 95.39 % Yes  
(239) TDR SCOTLAND LP

ONE STANHOPE GATE
LONDON   W1K1AF
UK
98-0471766 		INVESTMENTS UK HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation 0 0 75.08 % Yes  
(240) TERENA SA

MONES ROSES 6937
MONTEVIDEO   11000
UY
INVESTMENTS UY PHEMUS CORP
  		C Corporation -1,652,329 44,159,614 100 % Yes  
(241) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE BAHIA LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR TERRACAL ALIMENTOS E BIOENERGIA LTDA
  		C Corporation -135,441 348,510 98.7 % Yes  
(242) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE MARANHAO LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR TERRACAL ALIMENTOS E BIOENERGIA LTDA
  		C Corporation -16,205 45,162 98.7 % Yes  
(243) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE MINAS GERAIS LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR TERRACAL ALIMENTOS E BIOENERGIA LTDA
  		C Corporation -1,643,931 3,345,651 98.7 % Yes  
(244) TERRACAL ALIMENTOS E BIOENERGIA UNIDADE PIAUI ACUCAR E ALCOOL SA (FKA GBE
PROJECTOS VII )
RUA DO FORUM S/N SALA B
CENTRO,GUADALUPECEP64840
BR
INVESTMENTS BR TERRACAL - PIAUI SA
  		C Corporation -603 2,132 98.7 % Yes  
(245) TERRACAL ALIMENTOS E BIOENERGIA UNIDADE PIAUI AGRIBUSINESS SA

FAZENDA OITEIROS S/N
ZONA RURAL,GUADALUPECEP64840000
BR
INVESTMENTS BR TERRACAL - PIAUI SA
  		C Corporation -692 0 98.7 % Yes  
(246) TERRACAL ALIMENTOS E BIOENERGIA UNIDADE PIAUI ARMAZENS GERAIS LTDA

FAZENDA OITEIROS S/N
ZONA RURAL,GUADALUPECEP64840000
BR
INVESTMENTS BR TERRACAL - PIAUI SA
  		C Corporation -928 0 98.7 % Yes  
(247) TERRACAL ALIMENTOS E BIOENERGIA UNIDADE PIAUI BENEFICIAMENTO DE CACAU LTD
A
FAZENDA OITEIROS S/N
ZONA RURAL,GUADALUPECEP64840000
BR
INVESTMENTS BR TERRACAL - PIAUI SA
  		C Corporation -928 0 98.7 % Yes  
(248) TERRACAL ALIMENTOS E BIOENERGIA UNIDADE PIAUI ENERGIA SA (FKA LABELLE SP
PARTICIPACOES LTDA)
AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR TERRACAL - PIAUI SA
  		C Corporation -783 2,543 98.7 % Yes  
(249) TERRACAL ALIMENTOS E BIOENERGIA UNIDADE PIAUI ETANOL DE SEGUNDA GERACAO L
TDA
FAZENDA OITEIROS S/N
ZONA RURAL,GUADALUPECEP64840000
BR
INVESTMENTS BR TERRACAL - PIAUI SA
  		C Corporation -655 0 98.7 % Yes  
(250) TERRACAL ALIMENTOS E BIOENERGIA UNIDADE PIAUI FLORESTAL SA

FAZENDA OITEIROS S/N
ZONA RURAL,GUADALUPECEP64840000
BR
INVESTMENTS BR TERRACAL - PIAUI SA
  		C Corporation -806 0 98.7 % Yes  
(251) TERRACAL ALIMENTOS E BIOENERGIA UNIDADE PIAUI INFRAESTRUTURA LTDA

FAZENDA OITEIROS S/N
ZONA RURAL,GUADALUPECEP64840000
BR
INVESTMENTS BR TERRACAL - PIAUI SA
  		C Corporation -773 0 98.7 % Yes  
(252) TERRACAL ALIMENTOS E BIOENERGIA UNIDADE PIAUI INFRASESTRUTURA DE IRRIGACA
O SA
FAZENDA OITEIROS S/N
ZONA RURAL,GUADALUPECEP64840000
BR
INVESTMENTS BR TERRACAL - PIAUI SA
  		C Corporation -670 0 98.7 % Yes  
(253) TERRACAL ALIMENTOS E BIOENERGIA UNIDADE PIAUI PASTA DE TOMATE SA

FAZENDA OITEIROS S/N
ZONA RURAL,GUADALUPECEP64840000
BR
INVESTMENTS BR TERRACAL - PIAUI SA
  		C Corporation -806 0 98.7 % Yes  
(254) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE PIAUI LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR TERRACAL ALIMENTOS E BIOENERGIA LTDA
  		C Corporation -5,629,700 4,256,501 98.7 % Yes  
(255) TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE TOCANTINS LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR TERRACAL ALIMENTOS E BIOENERGIA LTDA
  		C Corporation -275,371 3,807,196 98.7 % Yes  
(256) TERRACAL ALIMENTOS E BIOENERGIA LTDA

AV DAS AMERICAS 500 - L113 BLOCO 7
TER BARRA DA TIJUCA,RIO DE JANEIRO22640973
BR
INVESTMENTS BR GBE DEVELOPMENT V LTD
  		C Corporation -12,997,795 14,041,546 98.7 % Yes  
(257) TERRACAL PARTICIPACOES LTDA

AV DAS AMERICAS 700 BLOCO 5
CIDADE DE ESTADO DO,RIO DE JANEIROCEP22640
BR
INVESTMENTS BR REPRESA PROPERTIES LTD
  		C Corporation 9 1,039 98.7 % Yes  
(258) TERRACAL PROPRIEDADES LTDA

AV DAS AMERICAS 700 BLOCO 5
CIDADE DE ESTADO DO,RIO DE JANEIROCEP22640
BR
INVESTMENTS BR REPRESA PROPERTIES LTD
  		C Corporation -64,677 63,225,781 98.7 % Yes  
(259) THIRD WRANGLER LTD

PO BOX 309 UGLAND HOUSE
GEORGE TOWN,GRAND CAYMANKY11104
CJ
98-1167470 		INVESTMENTS CJ PRESIDENT AND FELLOWS OF HARVARD COLLEGE
  		C Corporation 10,449,961 4,005,567 100 % Yes  
(260) TINAMOU

PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY11104
CJ
98-1014421 		INVESTMENTS CJ FRANCOLIN
  		C Corporation 0 250,000 100 % Yes  
(261) TOUCANET SA

PLAZA 2000 16TH FL 50TH ST
PANAMA    
PM
INVESTMENTS PM PHEMUS CORP
  		C Corporation -667,851 2,310,799 100 % Yes  
(262) TRUE ARROW CHINA INVESTMENTS LTD

89 NEXUS WAY CAMANA BAY
  GRAND CAYMANKY19007
CJ
INVESTMENTS CJ HARVARD MANAGEMENT PRIVATE EQUITY CORP
  		C Corporation -3,780,742 96,260,192 93.73 % Yes  
(263) TSHIPISE BUFFALO (PROPRIETARY) LTD

32 FICKER RD ILLOVO BLVD 1ST FL
JOHANNESBURG   2196
SF
98-0617419 		INVESTMENTS SF DEMETER HOLDINGS CORP
  		C Corporation -827,347 7,785,713 100 % Yes  
(264) TUNUYAN SA

V FINT DEL CL TER 2 C ABAJO 1 C AL
MANAGUA    
NU
INVESTMENTS NU NICARAO LTD
  		C Corporation -7,095 5,335,360 100 % Yes  
(265) UNITECA AGROFLORESTAL SA

AV BRASIL 3397 RM 2 BAIRRO PARK
PARA BRAZIL   65550005
BR
INVESTMENTS BR SUSTAINABLE TEAK PARTCIPACOES LTDA
  		C Corporation -29,613 37,342,526 90.43 % Yes  
(266) USRA ATLANTIC NET LEASE CAPITAL CORP

1370 AVE OF THE AMERICAS
NEW YORK,NY10019
45-2732642 		INVESTMENTS DE USRA ATLANTIC CAPITAL PARTNERS LLC
  		C Corporation 12,558,866 134,704,581 71.93 % Yes  
(267) VISTA VERDE AGROINDUSTRIAL LTDA

RODOVIA TRANSCERRADO KM 120 - RM 1
PALIMEIRA DO PIAUI,PIAUI  
BR
INVESTMENTS BR INSOLO AGROINDUSTRIAL SA
  		C Corporation -1,256,435 18,362,896 96.2 % Yes  
(268) WESTERN ROSELLA TRUST

LEVEL 25 20 BOND ST
SYDNEY   NSW2000
AS
98-1126861 		INVESTMENTS AS GREEN ROSELLA TRUST
  		C Corporation 977,706 110,688,528 100 % Yes  
(269) YANTELES SPA

LOS CONQUISTADORES 1700 PISO 16
  SANTIAGO  
CI
INVESTMENTS CI COPAYAPU SPA
  		C Corporation 0 1 100 % Yes  
Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
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
No
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 .....................
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) ............................
1d
Yes
 
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
Yes
 
h Purchase of assets from related organization(s) ............................
1h
Yes
 
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
Yes
 
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
Yes
 
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
Yes
 
r Other transfer of cash or property to related organization(s) ............................
1r
Yes
 
s Other transfer of cash or property from related organization(s) ............................
1s
Yes
 
2
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) AFRICA ACADEMY FOR PUBLIC HEALTH

 R 374,070 CASH
(2) AMERICAN REPERTORY THEATRE COMPANY INC

 A 967,000 CASH
(3) AMERICAN REPERTORY THEATRE COMPANY INC

 B 2,200,000 CASH
(4) AMERICAN REPERTORY THEATRE COMPANY INC

 D 3,273,573 CASH
(5) AMERICAN REPERTORY THEATRE COMPANY INC

 L 463,000 COST
(6) AMERICAN REPERTORY THEATRE COMPANY INC

 M 618,158 COST
(7) ASSOCIACAO DAVID ROCKEFELLER CENTER DE UNIVERSIDADE DE HARVARD

 R 730,000 CASH
(8) BLUE MARBLE HOLDINGS CORP

 R 48,871,069 CASH
(9) BLUE MARBLE HOLDINGS CORP

 S 54,320,607 CASH
(10) BOTSWANA-HARVARD AIDS INSTITUTE

 R 6,213,400 CASH
(11) CENTRE RECHERCHE EUROPEEN DE LA HBS

 B 1,483,437 CASH
(12) CENTRO HARVARD-D ROCKEFELLAR PARA ESTUDIOS LATINAMERICANOS AC

 R 40,000 CASH
(13) CHENNAI 2007

 R 119,433,092 CASH
(14) DEMETER HOLDINGS CORP

 R 28,351,146 CASH
(15) DEMETER HOLDINGS CORP

 S 30,197,941 CASH
(16) DG PARTICIPANTS LTD

 R 20,852,000 CASH
(17) DOYUKAI FUND FOR HARVARD INC

 C 150,000 CASH
(18) DUBAI HARVARD FOUNDATION FOR MEDICAL RESEARCH INC

 C 2,742,351 CASH
(19) DUBAI HARVARD FOUNDATION FOR MEDICAL RESEARCH INC

 N 15,924 COST
(20) DUBAI HARVARD FOUNDATION FOR MEDICAL RESEARCH INC

 O 256,315 COST
(21) FRIENDS OF HARVARD HONG KONG TRUST

 S 14,299,975 CASH
(22) FUNDACION CENTRO DE INVESTIGACION DE LA ESCUELA DE ADMIN DE EMPRESA

 B 455,000 CASH
(23) FUNDACION CENTRO DE INVESTIGACION DE LA ESCUELA DE ADMIN DE EMPRESA

 D 30,000 CASH
(24) FUNDACION CENTRO DE INVESTIGACION DE LA ESCUELA DE ADMIN DE EMPRESA

 O 147,430 COST
(25) FUNDACION CENTRO DE INVESTIGACION DE LA ESCUELA DE ADMIN DE EMPRESA

 P 1,479 COST
(26) FUNDACION DRCLAS CHILE

 R 475,000 CASH
(27) GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC

 C 3,955,000 CASH
(28) GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC

 N 13,272 COST
(29) GIOVANNI ARMENISE-HARVARD FOUNDATION FOR SCIENTIFIC RESEARCH INC

 O 297,423 COST
(30) HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN
C
 A 965,220 CASH
(31) HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN
C
 B 1,025,000 CASH
(32) HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN
C
 L 1,673,364 COST
(33) HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN
C
 Q 3,563,202 COST
(34) HANSJORG WYSS INST FOR BIOLOGICALLY INSPIRED ENGINEERING AT HARVARD UNIV IN
C
 S 284,778 CASH
(35) HARVARD ARASTIRMA VE EGITIM MERKEZI ISTANBUL LIMITED SIRKETI

 M 1,027,475 COST
(36) HARVARD BUSINESS SCHOOL INTERACTIVE INC

 P 18,411,482 COST
(37) HARVARD BUSINESS SCHOOL INTERACTIVE INC

 S 46,383,616 CASH
(38) HARVARD BUSINESS SCHOOL PUBLISHING ASIA PACIFIC LTD

 P 502,886 COST
(39) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 A 15,150,290 CASH
(40) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 G 426,574 COST
(41) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 H 5,633,063 COST
(42) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 O 201,105 COST
(43) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 P 219,849 COST
(44) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 Q 11,241,897 COST
(45) HARVARD BUSINESS SCHOOL PUBLISHING CORP

 S 34,519,946 CASH
(46) HARVARD BUSINESS SCHOOL PUBLISHING EUROPE LTD

 N 152,732 COST
(47) HARVARD BUSINESS SCHOOL PUBLISHING INDIA PRIVATE LTD

 G 105,204 COST
(48) HARVARD CENTER SHANGHAI CO LTD

 M 5,476,673 COST
(49) HARVARD COMMINGLED ACCOUNT

 S 150,000,000 CASH
(50) HARVARD DEDICATED ENERGY LIMITED

 H 18,774,421 COST
(51) HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC

 B 1,200,000 CASH
(52) HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC

 L 790,592 COST
(53) HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC

 M 3,455,831 COST
(54) HARVARD MAGAZINE INC

 A 125,001 COST
(55) HARVARD MAGAZINE INC

 R 1,560,600 CASH
(56) HARVARD MANAGEMENT COMPANY INC

 D 9,961,928 CASH
(57) HARVARD MANAGEMENT COMPANY INC

 L 1,261,817 COST
(58) HARVARD MANAGEMENT COMPANY INC

 M 171,267,441 CASH
(59) HARVARD MANAGEMENT PRIVATE EQUITY CORP

 R 3,127,125,688 CASH
(60) HARVARD MANAGEMENT PRIVATE EQUITY CORP

 S 3,023,207,431 CASH
(61) HARVARD NEURODISCOVERY CENTER INC

 C 1,045,971 CASH
(62) HARVARD NEURODISCOVERY CENTER INC

 N 1,046,796 COST
(63) HARVARD NEURODISCOVERY CENTER INC

 O 1,339,831 COST
(64) HARVARD PRIVATE CAPITAL HOLDINGS INC

 R 6,374,181 CASH
(65) HARVARD PRIVATE CAPITAL HOLDINGS INC

 S 436,024,793 CASH
(66) HARVARD PRIVATE CAPITAL REALTY INC

 R 1,643,835,677 CASH
(67) HARVARD PRIVATE CAPITAL REALTY INC

 S 1,644,369,140 CASH
(68) HARVARD REAL ESTATE - ALLSTON INC

 R 2,344,928 CASH
(69) HARVARD REAL ESTATE INC

 C 117,551 CASH
(70) HARVARD UNIVERSITY PRESS OF NEW YORK

 P 497,866 COST
(71) HARVARD UNIVERSITY PRESS LTD

 D 2,119,623 CASH
(72) HARVARD UNIVERSITY PRESS LTD

 G 2,775,649 COST
(73) HARVARD UNIVERSITY PRESS LTD

 L 150,000 COST
(74) HARVARD UNIVERSITY PRESS LTD

 P 309,793 COST
(75) HARVARD UNIVERSITY PRESS LTD

 S 2,000,000 CASH
(76) LONGSTOCKING INVESTMENT CORP

 R 910 CASH
(77) PHEMUS CORP

 R 237,663,938 CASH
(78) PHEMUS CORP

 S 319,094,320 CASH
(79) RED TOP INC

 S 60,057 CASH
(80) SHIPPING VENTURE CORP

 R 4,662,571 CASH
(81) SHIPPING VENTURE CORP

 S 45,666 CASH
(82) STUDENT CLUBS OF HBS INC

 A 6,571 COST
(83) STUDENT CLUBS OF HBS INC

 L 79,992 COST
(84) THIRD WRANGLER LTD

 R 232,968,385 CASH
(85) TRUSTEES FOR HARVARD UNIVERSITY

 C 10,581,675 CASH
(86) TRUSTEES FOR HARVARD UNIVERSITY

 L 9,903,049 COST
Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
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) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(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? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R, Part IV IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A TRUST: SPLIT INTEREST TRUSTS: THE TRUSTS LISTED ARE DOMICILED IN MASSACHUSETTS, NEW YORK, AND WASHINGTON, D.C.
Schedule R (Form 990) 2015

Additional Data


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Software Version: 2015v3.0